Pt Selamat Sempurna Tbk · IDX:SMSM
Pt Selamat Sempurna Tbk — CIMB 8th Annual Indonesia Conference 2014
39 slides from Pt Selamat Sempurna Tbk's conference presentation, Aug 22, 2014
Slide 1: 1 Half 2014 Performance
PT Selamat Sempurna Tbk [SMSM:IJ] 1 Half 2014 Performance CIMB 8TH ANNUAL INDONESIA CONFERENCE THE WESTIN RESORT NUSA DUA BALI 22 AUGUST 2014
Slide 2: Fact Sheet about SMSM
Fact Sheet about SMSM The Largest Filter Manufacturer in the region The Most Comprehensive range of products Serve more filtration and radiator products than any other auto component company Exported to more than 110 countries worldwide Trademark Registration in more than 100 countries worldwide Str
Slide 3: Filtration
Filtration With more than 6,000 part numbers available, we serve more filtration products than any other filtration company Automotive Filter Heavy Equipment Filter 3
Slide 4: Radiator
Radiator Aluminum Plastic Radiator All Aluminum Racing Radiator Copper Brass Radiator Oil Cooler Copper Plastic Radiator Heavy Equipment Radiator Radiator for Genset 4
Slide 5: Capacity & Utilization
Capacity & Utilization Filtration Capacity Production % Utilization 2009 72.000 39.596 55% 2010 72.000 48.256 67% 2011 96.000 51.974 54% 2012 96.000 51.800 54% 2013 96.000 53.580 56% Aluminum Copper Brass Radiator Capacity Production % Capacity Production % 2009 750 629 84% 450 108 24% 2010 1.500 73
Slide 6: Capacity and Utilization of Bodymaker & Other Products
Capacity and Utilization of Bodymaker & Other Products Production Product Capacity 2013 % 2012 % 2011 % 2010 % 2009 % Bodymaker 10.000 2.704 27% 3.871 39% 3.514 35% 2.615 26% 1.849 18% Brake Pipe 1.800 1.151 63% 871 48% 610 34% 477 26% 219 12% Fuel Tank 96 64 66% 68 71% 56 58% 45 47% 27 28% Muffler
Slide 7: Brand Names
Brand Names Our Product brand names are well recognized in the after market as well as OEM & OES, both locally and internationally. Some of our brand names are: 7
Slide 8: List of OEM/OES
List of OEM/OES • Anhui HA •JCB • Bei Ben • KIA • Carrier • Kobelco • Caterpillar • Komatsu • Chery • Kubota • Chevrolet • MAN • CNH (New Holland) • Mazda • Daihatsu • Mercedes-Benz • Ford • Mitsubishi • Foton • Nissan • Greatwall • Shanghai DE • Hino • Shantui CM • Hitachi • Suzuki • Holden • TCM •
Slide 9: Technical Assistance
Technical Assistance Filters • 1984: Donaldson Company Inc., USA (PT Panata Jaya Mandiri) • 1985: Mahle Japan Limited, Japan. (formerly Tsuchiya Manufacturing Co. Ltd., Japan) • 1988: Tokyo Roki Co., Ltd., Japan (PT Selamat Sempurna Tbk) Radiators & Others • 1979: Tokyo Radiators Mfg. Co. Ltd., Japa
Slide 10: 21 Years Consecutive Sales Growth
21 Years Consecutive Sales Growth No Year Net Sales 1992 21 1 1993 24 2373 2 1994 78 3 1995 102 2269 4 1996 127 2072 5 1997 161 6 1998 350 Asia Crisis 7 1999 359 8 2000 503 1562 9 2001 565 1375 10 2002 603 1354 11 2003 638 12 2004 731 1064 13 2005 862 862 881 14 2006 881 638 731 15 2007 1.064 603 US
Slide 11: 11 Years Consecutive Net Income
11 Years Consecutive Net Income Year Net Income 2002 40 1 2003 48 308 2 2004 57 3 2005 66 4 2006 66 219 212 5 2007 80 6 2008 91 150 133 7 2009 133 8 2010 150 80 91 66 9 2011 212 66 48 57 10 2012*) 219 40 11 2013 308 '02 '03 '04 '05 '06 '07 '08 '09 '10 11 12 13 Amount in billion Rupiah *) Restated 11
Slide 12: 14 Years Consecutive Export Sales Growth
14 Years Consecutive Export Sales Growth No Year Export Sales 1999 249 1 2000 340 1479 2 2001 379 3 2002 425 1317 4 2003 462 1339 5 2004 542 1139 6 2005 650 1035 1027 7 2006 695 8 2007 829 829 9 2008 1.027 650 10 2009 1.035 695 11 2010 1.139 462 542 425 12 2011 1.317 379 340 13 2012 1.339 249 14 201
Slide 13: 9 Years Consecutive Dividend Payment Growth
9 Years Consecutive Dividend Payment Growth Total Dividend Earning Financial Dividend Payout No Per Per Year Ratio (In Bio IDR) Share Share 2004 25,97 20 44 45% 1 2005 32,47 25 46 49% 2 2006 41,08 30 46 62% 115 3 2007 57,59 40 56 72% 105 4 2008 86,38 60 64 94% 95 100 90 5 2009 129,57 90 92 98% 6 201
Slide 14: Performance 2013
Performance 2 _/U/” PT SELAMAT SEMPURNA Tbk.
Slide 15: Comparative Financial Highlights 2013
Comparative Financial Highlights 2013 Financial Highlights 2013 2012* Var %Var Net Sales 2.373 2.269 104 4,57% Gross Profit 638 600 38 6,28% Income from Operation 490 400 90 22,6% Net Income attributable to: Equity holders of the Parent Company 308 219 89 40,39% Non-controlling Interest 30 35 (5) (1
Slide 16: Sales by Region 2013
Sales by Region 2013 2013 2012 Inc /(Dec) Region Rp % Rp % Rp % Local 894 38% 930 41% (36) -3,93% Asia 550 23% 499 22% 51 10,19% America 444 19% 390 17% 54 13,84% Europe 305 13% 282 12% 23 8,25% Australia 148 6% 138 6% 10 7,4% Africa 33 1% 31 1% 2 6,51% Total 2.373 100% 2.269 100% 104 4,57% Amount i
Slide 17: Sales Performance 2013
Sales Performance 2013 Sales (Rp) Inc/(Dec) Market 2013 % 2012 % Rp % Export 1.479 62% 1.339 59% 140 10,47% Local 894 38% 930 41% (36) (3,93)% Total 2.373 100% 2.269 100% 104 4,57% Sales (Rp) Inc/(Dec) Product 2013 % 2012 % Rp % Filter 1.687 71% 1.560 69% 128 8,2% Radiator 398 17% 385 17% 13 3,44% B
Slide 18: Performance 1H 2014
Performance 1 — _/U/” PT SELAMAT SEMPURNA Tbk.
Slide 19: Comparative Financial Highlights 1H-2014
Comparative Financial Highlights 1H-2014 Financial Highlights 1H’14(U) 1H’13(U)* Var %Var Net Sales 1.296 1.092 204 18,69% Gross Profit 358 272 86 31,74% Net Income attributable to: Equity holders of the Parent Co. 175 100 75 75,00% Non-controlling Interest 13 13 0,5 3,88% Current Asset 1.167 979 18
Slide 20: Financial Ratio
Financial Ratio Financial Ratio 1H’14(U) 1H’13(U) 2013 2012 Net Sales Growth 19% 5% Asset Growth 15% 9% Equity Growth *) 33% 14% Gross Profit Margin 28% 25% 27% 26% Net Income Margin *) 13% 9% 13% 10% Return on Assets 11% 7% 20% 16% Return on Equity *) 17% 13% 37% 30% Total Debt / Total Asset 34% 40
Slide 21: Sales by Region 1H-2014
Sales by Region 1H-2014 1H-2014 1H-2013 Inc /(Dec) Region Rp % Rp % Rp % Local 417 32% 449 41% (32) (7%) Asia 325 25% 241 22% 84 35% America 262 20% 198 18% 65 33% Europe 187 14% 124 11% 63 51% Australia 89 7% 66 6% 23 36% Africa 17 1% 15 1% 2 12% Total 1.296 100% 1.092 100% 204 19% Amount in Billio
Slide 22: Sales Performance 1H-2014
Sales Performance 1H-2014 Sales (Rp) Inc/(Dec) Market 1H-2014 % 1H-2013 % Rp % Export 880 68% 643 59% 237 37% Local 417 32% 449 41% (32) -7% Total 1.296 100% 1.092 100% 204 19% Sales (Rp) Inc/(Dec) Product 1H-2014 % 1H-2013 % Rp % Filter 988 76% 752 69% 236 31% Radiator 202 16% 191 17% 11 6% Body Ma
Slide 23: Bond Information
Bond Information Name Obligasi Selamat Sempurna II Tahun 2010 Dengan Tingkat Bunga Tetap • Seri A Rp.80.000.000.000,- Maturity 370 days [settle] Series and Maturity • Seri B Rp.80.000.000.000,- Maturity 3 years [settle] • Seri C Rp.80.000.000.000,- Maturity 5 years • Seri A 8,9% per year settle 13 J
Slide 24: Structure of Company relationship with the Subsidiaries and Associates
Structure of Company relationship with the Subsidiaries and Associates SMSM POSCO PJM HP PTC SSP TRSS IJPC 70,00% 51,00% 99,99% 99,99% 33,00% 15,00% CMG 99,99% PJM : PT PANATA JAYA MANDIRI HP : PT HYDRAXLE PERKASA PTC : PT PRAPAT TUNGGAL CIPTA CMG : PT CAHAYA MITRA GEMILANG SSP : PT SELAMAT SEMPANA
Slide 25: PT Panata Jaya Mandiri – PJM (Subsidiary Company)
PT Panata Jaya Mandiri – PJM (Subsidiary Company) SMSM owns a 70% stake in PJM Joint venture with Donaldson Company Inc., USA Financial Highlights 1H’14 (U) 1H’13 (U) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 271 220 488 450 509 441 Gross Profit 60 48 118 106 116 91 Income From Operations 51 38 9
Slide 26: PT Hydraxle Perkasa – HP (Subsidiary Company)
PT Hydraxle Perkasa – HP (Subsidiary Company) SMSM owns a 51% stake in HP Manufacture dump hoist and body maker of dump truck, trailer, mixer, and tank Financial Highlights 1H’14 (U) 1H’13 (U) 2013 (A) 2012 (A) 2011 (A) 2010 (A) Net Sales 100 122 243 340 310 229 Gross Profit 10 17 39 63 43 27 Income
Slide 27: PT Prapat Tunggal Cipta – PTC (Subsidiary Company)
PT Prapat Tunggal Cipta– PTC (Subsidiary Company) SMSM owns a 99.9% stake in PTC Sole distributor that specializes on the trading of the Company products in Indonesia aftermarket sectors. Financial Highlights 1H 14 (U) 1H 13 (U) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 161 162 329 290 259 223 Gr
Slide 28: Corporate Action & Investment Activity in 2014
Corporate Action & Investment Activity in 2014 June 2014: on Monday, June 30, 2014, PT Prapat Tunggal Cipta (“PTC”) effectively become a major shareholders of PT Cahaya Mitra Gemilang (CMG), accordance to Transaction of Share Purchase owned by PT Adrindo Intisarana and Eddy Hartono in CMG, by PTC 28
Slide 29: PT Cahaya Mitra Gemilang – CMG (Subsidiary Company of PTC)
PT Cahaya Mitra Gemilang– CMG (Subsidiary Company of PTC) PTC owns a 99,99% stake in CMG Specializes on the distribution of the Company products in North Sumatera and Nanggroe Aceh Darussalam Financial Highlights 1H 14 (U) 1H’13 (U) 2013(A) 2012 (A) 2011 (A) Net Sales 16,9 16,6 34,9 31,8 27,5 Gross
Slide 30: PT Selamat Sempana Perkasa – SSP (Subsidiary Company)
PT Selamat Sempana Perkasa – SSP (Subsidiary Company) SMSM owns a 99.9% stake in SSP manufacturers rubber O-rings, rubber compounds, polyurethanes, and plastisol adhesives for automotive industries Financial Highlights 1H 14 (U) 1H’13 (U) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 93 69 138 115 10
Slide 31: POSCO IJPC (Associate Company)
POSCO IJPC (Associate Company) Established in 2005 Formerly PT International Steel Indonesia SMSM owns a 15% stake in POSCO IJPC Joint venture with POSCO and DAEWOO International Corporation Scope of activities mainly steel processing Financial 1H’14(U) 1H’13(U) ‘13 (A) ’12 (A) ’11 (A) ’10(A) Highli
Slide 32: PT Tokyo Radiator Selamat Sempurna (Associate Company)
PT Tokyo Radiator Selamat Sempurna (Associate Company) Company Name PT Tokyo Radiator Selamat Sempurna Capital Paid in Capital IDR 33.700.000.000 Tokyo Radiator Mfg. Co. Ltd 67% Shareholder Composition PT Selamat Sempurna Tbk 33% Main Product Heat Exchanger 150.000 pcs Radiator / year Capacity 125.0
Slide 33: $50 Billion Filtration Market
$50 Billion Filtration Market Source : Donaldson Company Inc. Presentation Other, $6 Special Apps, $0.5 HD Engine/Mobile, $8 Gas Turbine, $0.8 Electronics, $1 Industrial Air, $4 HVAC, $5 Automotive, $3 Medical and Ind. Hydraulic, $1 Pharmaceutical, $5 Aerospace & Defense, $1 Food and Water Beverage,
Slide 34: $16 Billion Targeted Filtration Market
$16 Billion Targeted Filtration Market HD Engine/Mobile, $8 Industrial Air, $4 Automotive, $3 $ 16 Billion Ind. Hydraulic, $1 34
Slide 35: Outlook 2014
Outlook 2014 2014 2013 2012 2011 2010 2009 2008 (F) (A) (A) (A) (A) (A) (A) Net Sales 2.679 2.373 2.269 2.072 1.562 1.375 1.354 Net Income *) 320 308 219 212 150 133 91 NPM 12% 13% 10% 10% 10% 10% 7% ROA 20% 20% 16% 18% 15% 15% 11% ROE 37% 37% 30% 32% 29% 27% 17% Debt/Equity 62% 69% 71% 70% 88% 73%
Slide 36: Long-Term Goal
Long-Term Goal in 5 year The Largest Filtration Manufacturer in Asia Pasific SAKURA as One of World’s Most Valuable Brands The Most Preferred Company to invest and to work for Committed to consecutive growth & financial performance Committed to strong dividend policy Sales more than IDR 4 Trillion F
Slide 37: Award
Award Primaniyarta Award SWA Magazine Rekor Bisnis Museum Rekor Dunia - (2009, 2011,2012 & 2013) (2010 & 2011) (2011) Indonesia Global Brand Developer Top 50 Indonesia Global Brand & Recognition as The Greatest (2011) Global Brand Creator Top 250 Indonesia Original Brand Number of Filter Brand Recog
Slide 38: Milestone and Achievement 2014
Milestone and Achievement 2014 • The Best Vendor Contribution for Automotive Parts 2013 • The Best Vendor Performance 2013 • Best Listed Companies 2014 in Diversified Manufacturing Sector • Recognition as one of Indonesia Most Admired Company 2014 (#3) in the category of Automotive Spare Parts from
Slide 39: Thank You
Thank You _/U PT SELAMAT SEMPURNA Tbk. 39
PT Selamat Sempurna — CIMB 8th Annual Indonesia Conference 2014 on 6ix