Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — H1 2023 Earnings Presentation
27 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, 2023
Slide 1: Corporate Presentation 1H 2023
Corporate Presentation 1H 2023 PT Garuda Indonesia (Persero) Tbk © 2023 GARUDA INDONESIA Garuda Indonesia Support Sustainable Development Goals
Slide 2: Disclaimer
DISCLAIMER This presentation material was prepared by PT Garuda Indonesia (Persero) Tbk. (“GIAA”/“Company”) and has not been independently verified. No representation or warranty, express or implied, is made and no reliance is made on the accuracy or completeness of the information presented or cont
Slide 3: Board of Directors
BOARD OF DIRECTORS Irfan Setiaputra Rahmat Hanafi President & CEO Director of Maintenance Prasetio Tumpal Manumpak Hutapea Director of Finance & Risk Management Director of Operation Ade Ruchyat Susardi Salman El Farisiy Director of Services & Commercial Director of Human Capital 2
Slide 4: Summary Highlight
Summary Highlight Since the end of the first quarter of 2023, GIAA has been determined to bring in greater revenue, especially since it settled its debt position in 2022. Garuda Indonesia's net loss decreased by 30.59%, from US$ 110.03 million in Q1 2023 to US$ 76.38 million in the first half of 202
Slide 5: Highlights of Garuda Indonesia's Key Events in 2Q 2023
HIGHLIGHTS OF GARUDA INDONESIA'S KEY EVENTS IN 2Q 2023 02 April 03 May 24 May 20 June Garuda Indonesia Start The 2023 Garuda Indonesia Group prepares Garuda Indonesia Wins The Title Of GarudaMiles Wins ”Best Airline Hajj Season, overall Garuda 1.2 million flight seats, welcomes “The World's Best Air
Slide 6: Awards and Recognition
RESILIENCE AWARD THE MOST PUNCTUAL AIRLINES YOUTUBE SKYTRAX 5 STAR 2021 COVID-19 AIRLINE CHANGI AIRLINE AWARDS IN THE WORLD 2023 IOSA RENEWAL CERTIFICATION SILVER COVID – 19 SAFETY EXCELLENCE AWARDS RATING 2022 OAG FlightView (IATA Operational Safety Audit) PLAY BUTTON Rank 1572 FREDIE AWARDS WOW BR
Slide 7: Shareholders Distribution
Shareholders Distribution FOREIGN RETAIL 0.11% SHARES FOREIGN INSTITUTIONAL 17.70% OWNERSHIP % DOMESTIC GOVERNMENT OF REPUBLIC INDONESIA 59,038,124,403 64.54% LOCAL RETAIL 8.43% TRANS AIRWAYS 7,316,798,262 8.00% LOCAL INSTITUTIONAL 1,123,344,688 1.23% LOCAL INSTITUTIONAL LOCAL RETAIL 7,710,146,339 8
Slide 8: GIAA Share
GIAA SHARE 18-Jun-21 GIAA Stock Suspension due to postponement of payment of the periodic distribution amount of the USD 14,875,000 Sukuk 3-Jan-23 Revocation of temporary suspension of GIAA stock due to follow-up to the disclosure of Garuda Indonesia's performance restructuring stages at the end of
Slide 9: Full Service Profitable Strategy
Fleet Strategy • Maintaining Simple Fleet Type • PBH Optimization Commercial & Network Strategy • Umroh and Hajj optimization • Focus on Profitability Route • Alliance & SKYTEAM Optimization • Distribution Channel Optimization Financial Strategy • Maximizing Funding Solutions • Crew & Fuel Optimizat
Slide 10: Performance Highlight
Performance Highlight SUSTAIN PROFITABILITY STRONG OPERATIONS ROBUST FINANCIAL 2Q 2023 1H 2023 1H 2023 The Group's average earnings Quarterly operating revenue In 1H 2023, the Group carried per passenger (Passenger Yield) grew by 31.5% to USD 792.7 9.1 million passengers, a 38.9% grew by 9.2% to Usc
Slide 11: Target & Initiatives
Target & Initiatives INDICATOR TARGET FY 2023 ACHIEVEMENT 1H 2023 Operational (Consolidation) Passenger volume 24.8 Million (FY) 9.1 Million Cargo Volume 301.9 Thousand Ton 78.2 Thousand Ton ASK (Available Seat Kilometer) 41.7 Billion 15.1 Billion Financial (Consolidation) Passenger yield Usc 8.32 U
Slide 12: The Group's Operated Aircraft
The Group’s Operated Aircraft Operated by Garuda Indonesia Operated by Citilink Aircraft Type Dec-22 Mar-23 Jun-23 Aircraft Type Dec-22 Mar-23 Jun-23 Narrow Body Narrow Body Boeing 737-800NG 32 35 34 Airbus 320-200 32 32 34 Total Narrow Body 32 35 34 Airbus 320-200 Neo 6 5 6 Wide Body ATR72-600 5 5
Slide 13: The Group Financial in 1H 2023
The Group Financial in 1H 2023 Performance Recovery is on Track with Management focusing on profitability for the Company's sustainability, The increase in the Company's operating revenues until 1H 2023 was contributed by the growth in revenue from scheduled flights of 62.70% to US$ 1.10 billion Ope
Slide 14: Group Passenger Yield Increased with ASK Growth
Align With The Incremental of ASK (Available Seat Kilometer), The Group Passenger Yield Increased Yield 6.18% Yield 4.29% Yield 6.20% Yield 1.55% Yield 4.72% ASK 37.78% ASK 40.32% ASK 104.37% ASK 68.65% ASK 8.53% 10.85 10.41 8.83 9.78 9.63 7.49 7.59 5.43 8.74 2.07 2.39 3.03 1.47 4.46 8.32 8.23 7.25
Slide 15: The Group Achieved Strong Passenger Traffic
The Group Achieved Strong Passenger Traffic Pax Carried Pax Carried Pax Carried Pax Carried Pax Carried 20.35% 30.65% 140.60% 43.87% 8.46% 4.52 3.76 2.71 1.45 1.82 1.11 1.26 0.37 2.50 0.15 Pax carried Pax carried Pax carried Pax carried Pax carried Pax carried Pax carried Pax carried Pax carried Pax
Slide 16: Unit Cost Decrease, Driven by Fuel Price
The Unit Decrease, Main Driven Contributed by Fuel Price FUEL BURN In Million Liter 36.81% 64.56% 11.98% 39.32% 101.46% 2Q 2022 176.89 2Q 2022 84.93 2Q 2022 52.48 2Q 2022 91.96 39.47 2Q 2022 2Q 2023 246.44 2Q 2023 71.80 2Q 2023 2Q 2023 151.33 2Q 2023 95.11 79.52 CASK in USc -7.35% -13.30% 13.17% -15
Slide 17: Appendices
APPENDICES
Slide 18: Operating Revenue Rose by 60% in 1H 2023
Consolidated Statement of Profit (Loss) Operating Revenue Rose by 60% in 1H 2023 INDICATOR 2Q 2022 1Q 2023 2Q 2023 % YoY 6M 2022 6M 2023 % YoY REVENUE Schedule Airline Service 406.71 506.83 595.11 46.32% 677.29 1,101.94 62.70% Non Schedule Airline Service 63.50 12.81 129.64 104.18% 87.57 142.46 62.6
Slide 19: Consolidated Operational Performance
Consolidated Operational Performance The Group Took on board 9.1 Million Passengers in 1H 2023, Revenue Significantly Rose INDICATOR 2Q 2022 1Q 2023 2Q 2023 % YoY 6M 2022 6M 2023 % YoY OPERATIONAL *Utilization (hour) 6:35 7:35 8:02 1:27 6:16 7:49 1:33 *On-Time Perfomance 82.66 88.18 85.38 2.72 pp 88
Slide 20: Demand for Air Travel Remain Robust Through Holiday Season
Demand for Air Travel Remain Robust Through Holiday Season Note : All numbers and figures represent only for Garuda Indonesia (Main Brand) DOMESTIC 2Q 2022 1Q 2023 2Q 2023 % YoY 6M 2022 6M 2023 % YoY Passenger Carried (Million) 1.1 1.4 1.5 30.6% 2.0 2.9 48.1% ASK (Billion) 1.5 2.1 2.1 40.3% 2.8 4.2
Slide 21: Citilink Grabs The Volume & Improve Passenger Revenue
Citilink Grabs The Volume & Improve Passenger Revenue MAIN BRAND 2Q 2022 1Q 2023 2Q 2023 % YoY 6M 2022 6M 2023 % YoY Passenger Carried (Million) 1.3 1.8 1.8 43.8% 2.2 3.6 66.7% ASK (Billion) 2.6 4.6 4.5 68.6% 5.2 9.1 72.8% Seat Load Factor (%) 69.1 72.3 67.7 -1.3 pp 58.2 70.1 11.9 pp Revenue Passeng
Slide 22: Good Cost Leadership
Good Cost Leadership INDICATOR 2Q 2022 1Q 2023 2Q 2023 *% YOY 6M 2022 6M 2023 **% YoY ***PoC Fuel 188.42 213.23 225.98 19.93% 319.78 439.21 37.35% 34.63% Aircraft Lease (2.08) 15.59 34.43 N.M - 50.02 50.02 3.94% Depreciation 241.38 126.50 128.69 -46.69% 451.14 255.18 -43.44% 20.12% Maintenance and R
Slide 23: Consolidated Statement of Financial Position
Consolidated statement of Financial Position INDICATOR FY 2022 1Q 2023 *% Chg. 2Q 2023 *% Chg. ASSETS Current Assets 801.15 791.90 -1.15% 831.94 3.84% Non current assets 5,433.86 5,394.02 -0.73% 5,450.02 0.30% Total Assets 6,235.01 6,185.92 -0.79% 6,281.97 0.75% LIABILITIES Current liabilities 1,681
Slide 24: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow INDICATOR 2Q 2022 1Q 2023 2Q 2023 *% Chg. 6M 2022 6M 2023 **% Chg. CASH FLOWS Cash from operating activities 126.73 (24.15) 114.97 -9.28% 176.61 90.82 -48.58% Cash from investing activities (55.46) (92.60) (58.44) 5.38% (65.03) (151.05) 132.29% Cash from financing
Slide 25: Garuda Indonesia Parent Only - Operating Revenue Rose by 86%
GARUDA INDONESIA PARENT ONLY - Operating Revenue from Parent Rose by 86% Currency in Million USD, except stated otherwise FINANCIAL INDICATORS 1H-2023 *GROWTH (%) Operating Revenue 909.6 86% Operating Income 106.7 1282 Net Income 0.2 -99.99% Assets 4,163.9 0.42% Liabilities 4,815.6 0.33% Equity (651
Slide 26: The Subsidiaries Revenue Contributed 47% of Total Group
The Subsidiaries Revenue 653 Million, Contributed 47% of Total Group USD (Mio) USD (Mio) IDR (Bio) FINANCIAL INDICATORS 1H-2023 Grw*% 1H-2023 Grw*% 1H-2023 Grw*% Operating Revenue 385.86 19.22 166.91 74.22 990.86 77.44 Operating Income (14.89) -121.85 14.27 331.82 70.65 184.88 Net Income (76.49) -68
Slide 27: Terima Kasih
—s- | x ———- GROWING WITH RESILIENCE READY TO FLY HIGHER
PT Garuda Indonesia (Persero) — H1 2023 Earnings Presentation on 6ix