Pt Selamat Sempurna Tbk · IDX:SMSM
Pt Selamat Sempurna Tbk — JP Morgan Asia Rising Dragons Forum 2014
28 slides from Pt Selamat Sempurna Tbk's conference presentation, May 5, 2014
Slide 1: Asia Rising Dragons Forum JP Morgan
Asia Rising Dragons Forum JP Morgan Hilton , Kuala Lumpur – May 05, 2014
Slide 2: Fact Sheet
Fact Sheet The Largest Filter Manufacturer in the region The Most Comprehensive range of products Exported to more than 110 countries worldwide Trademark Registration in more than 110 countries worldwide 2
Slide 3: Filtration
Filtration Automotive Filter Heavy Equipment Filter 3
Slide 4: Heat Exchanger
Heat Exchanger Aluminum Plastic Radiator All Aluminum Racing Radiator Copper Brass Radiator Oil Cooler Copper Plastic Radiator Heavy Equipment Radiator Radiator for Genset 4
Slide 5: Brand Names
Brand Names Our Product brand names are well recognized in the after market as well as OEM & OES, both locally and internationaly. Some of our brand names are: 5
Slide 6: List of OEM/OES
List of OEM/OES • Anhui HA • KIA • Bei Ben • Kobelco • Caterpillar • Komatsu • Chery • Kubota • Chevrolet • MAN • Daihatsu • Mazda • Ford • Mercedes-Benz • Foton • Mitsubishi • Greatwall • Nissan • Hino • Shanghai DE • Hitachi • Shantui CM • Holden • Suzuki • Honda • TCM • Hyundai • Toyota • Isuzu •
Slide 7: 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 25 6 1998 350 Asia Crisis rs 7 1999 359 ea 8 2000 503 1562 Y 1375 21 9 2001 565 10 2002 603 r 1354 fo 11 2003 638 R 1064 G 12 2004 731 A 862 C 13 2005 862 881 14 2006 881
Slide 8: Years Consecutive Net Income
11 Years Consecutive Net Income Year Net Income 2002 40 308 1 2003 48 2 2004 57 8 % 1 s 3 2005 66 ear Y 11 4 2006 66 219 r 212 5 2007 80 fo R AG 6 2008 91 C 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 12 Amount in
Slide 9: Years Consecutive Export Sales Growth
14 Years Consecutive Export Sales Growth No Year Export Sales 1999 249 1 2000 340 1479 % 2 2001 379 14 r s 3 2002 425 a 1317 4 2003 462 Ye 1339 14 5 2004 542 r fo 1035 1139 6 2005 650 R 1027 AG 7 2006 695 C 8 2007 829 829 9 2008 1.027 650 695 10 2009 1.035 11 2010 1.139 462 542 425 12 2011 1.317 379
Slide 10: 9 Years Consecutive Dividend Payment Growth
9 Years Consecutive Dividend Payment Growth Dividend Financial Earning Payout No Per Year Per Share Ratio Share 2004 20 44 45% 1 2005 25 46 49% 2 2006 30 46 62% % s 22 3 2007 40 56 72% ear 115 9 Y 105 4 2008 60 64 94% r 100 fo 90 95 5 2009 90 92 98% AGR C 6 2010 95 104 91% 7 2011 100 140 71% 60 40 8
Slide 11: Comparative Financial Highlights
Comparative Financial Highlights Financial Highlights 1Q’14(U) 1Q’13(U) 2013 2012 Net Sales 628 500 2.373 2.269 Gross Profit 166 136 638 600 Net Income attributable to: Equity holders of the Parent Company 83 51 308 219 Non-controlling Interest 6 6 30 35 Current Asset 1.097 939 1.097 986 Total Asset
Slide 12: Financial Ratio
Financial Ratio Financial Ratio 1Q’14(U) 1Q’13(U) 2013 2012 Net Sales Growth 26% 5% Asset Growth 14% 9% Equity Growth *) 17% 30% Gross Profit Margin 26% 27% 27% 26% Net Income Margin *) 13% 10% 13% 10% Return on Assets 5% 4% 20% 16% Return on Equity *) 9% 6% 37% 34% Total Debt / Total Asset 36% 37%
Slide 13: Sales by Region
Sales by Region 1Q-2014 1Q-2013 FY2013 FY2012 Region Rp % Rp % Rp % Rp % Local 198 32% 198 40% 894 38% 930 41% Asia 150 24% 102 20% 550 23% 499 22% America 133 21% 98 20% 444 19% 390 17% Europe 94 15% 62 12% 305 13% 282 12% Australia 43 7% 33 7% 148 6% 138 6% Africa 10 2% 6 1% 33 1% 31 1% Total 628
Slide 14: Sales Performance by Market & Product
Sales Performance by Market & Product Sales (Rp) Market FY FY 1Q-2014 % 1Q-2013 % % % 2013 2012 Export 430 68% 301 60% 1.479 62% 1.339 59% Local 198 32% 198 40% 894 38% 930 41% Total 628 100% 500 100% 2.373 100% 2.269 100% Sales (Rp) Product FY FY 1Q-2014 % 1Q-2013 % % % 2013 2012 Filter 481 77% 354
Slide 15: Summary Performance
Summary Performance Position as per Position as per Changes Changes 31 Des’13 31 Mar’14 Net Sales Rp. 2.373 T 4,57% Rp. 628 B 25,7% Net Income Rp. 308 B 40,39% Rp. 83 B 62,3% EPS Rp. 214 40,39% Rp. 58 62,3% 15
Slide 16: 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 17: Structure of Company relationship with the Subsidiaries and Associates
Structure of Company relationship with the Subsidiaries and Associates PJM : PT PANATA JAYA MANDIRI HP : PT HYDRAXLE PERKASA PTC : PT PRAPAT TUNGGAL CIPTA SSP : PT SELAMAT SEMPANA PERKASA TRSS : PT TOKYO RADIATOR SELAMAT SEMPURNA POSCO IJPC : PT POSCO INDONESIA JAKARTA PROCESSING CENTER 17
Slide 18: 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 1Q’14 (U) 1Q’13 (U) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 125 101 488 450 509 441 Gross Profit 28 23 118 106 116 91 Income From Operations 23 18 9
Slide 19: 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 1Q’14 (U) 1Q’13 (U) 2013 (A) 2012 (A) 2011 (A) 2010 (A) Net Sales 50 55 243 340 310 229 Gross Profit 5,4 7 39 63 43 27 Income F
Slide 20: 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 1Q 14 (U) 1Q 13 (U) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 76 74 329 290 259 223 Gros
Slide 21: 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 1Q 14 (U) 1Q’13 (U) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 46 30 138 115 10
Slide 22: 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 1Q’14(U) 1Q’13(U) ‘13 (A) ’12 (A) ’11 (A) ’10(A) Highli
Slide 23: 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 24: $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 25: $16 Billion Targeted Filtration Market
$16 Billion Targeted Filtration Market HD Engine/Mobile, $8 Industrial Air, $4 Automotive, $3 $ 16 Billion Ind. Hydraulic, $1 25
Slide 26: 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 27: Milestone and Achievement 1Q - 2014
Milestone and Achievement 1Q - 2014 • The Best Vendor Contribution for Automotive Parts 2013 • The Best Vendor Performance 2013 27
Slide 28: Thank You
Thank You _/U PT SELAMAT SEMPURNA Tbk. 28
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