PT Mitra Pinasthika Mustika Tbk · IDX:MPMX
PT Mitra Pinasthika Mustika Tbk — H1 2016 Earnings Presentation
23 slides from PT Mitra Pinasthika Mustika Tbk's earnings presentation, Aug 12, 2016
Slide 1: 1H16 MPMX Analyst Presentation
1H16 MPMX ANALYST PRESENTATION 12 August 2016
Slide 2: Key Messages
KEY MESSAGES MPM Updates Leading End-to-End Consumer Automotive Company in Indonesia 1H16 Business Segments Performance Positive Growth in all Business Segments 1H16 Summary +9% YoY Revenue Growth & -23% YoY / +52% QoQ NPATMI Growth 2
Slide 3: MPM: Our Story
MPM: OUR STORY Founded by William 2W development: Entered 4W business Listed in IDX Leading consumer Soeryadjaya as 2W retail, parts, finance rental & finance, (Code: MPMX), automotive company distribution business established insurance appointed Nissan in Indonesia for Honda Datsun dealership 4
Slide 4: MPM Business
MPM BUSINESS: DISTRIBUTION & RETAIL AUTO CONSUMER PARTS AUTO SERVICES FINANCIAL SERVICES 2W Honda distribution in 2W engine lubricant Independent 2W, 4W, E. Java + E. Nusa brand principal with 35 lease financing business Tenggara with 289 N/A distributors nationwide with 126 outlets dealer relations
Slide 5: Segment Contribution
SEGMENT CONTRIBUTION 7% 7% 6% 7% 10% Revenues 1H15 Revenues 1H16 +4% 9% +9%/+14% IDR 8.2T YoY IDR 8.9T YoY / QoQ 77% 77% 48% 46% NPATMI 1H15 -18% NPATMI 1H16 -23%/+52% IDR 233B YoY IDR 180B YoY / QoQ 46% 52% 5% 1% 5% -3% Distribution & Retail Auto Consumer Parts Auto Services Financial Services 1) N
Slide 6: 1H16 Consolidated Revenue Results
1H16 CONSOLIDATED REVENUE RESULTS IDR B, YoY 702 224 (27) (12) (185) 8,883 8,181 +9% 1H15 1H16 % Growth from LY +10% +30% -5% -2% IDR B, QoQ 585 44 14 19 (66) 4,739 4,143 +14% Q1-16 Q2-16 17% +9% +5% +6% Distribution Auto Consumer Financial Auto Services Elimination & Retail Parts Services 6
Slide 7: 1H16 Consolidated NPATMI Results
1H16 CONSOLIDATED NPATMI RESULTS IDR B, YoY (8) 10 (8) (8) (42) 3 233 -23% 180 1H15 1H16 % Growth from LY -7% +7% -41% -26% -69% +25% IDR B, QoQ 15 14 1 11 0 (5) 108 72 Q2-16 Q1-16 +52% % Growth from Q1-16 +31% +21% +29% +216% +0% -263% Auto Distribution Auto Financial Head Minority Consumer Elimina
Slide 8: 1H16 Consolidated Cash Flow Position
1H16 CONSOLIDATED CASH FLOW POSITION Rp Billions 1,739 1,484 1,393 1,422 445 217 309 (246) (92) (406) 1H16 Operating Investing cash Cash inflow cash inflow outflow from 1H15 increases increases financing +44% +65%. activities increases by Rp 309B. Operating Beginning Operating Investing Financing En
Slide 9: Governance and Management
GOVERNANCE AND MANAGEMENT BOARD OF COMMISSIONERS BOARD OF DIRECTORS BoC brings strong mix of operational, strategy, M&A, BoD members bring over 100 years of combined and governance expertise professional experience Edwin Soeryadjaya Rudy Halim Chairman Group CEO Tossin Himawan Danny Walla Lee Chul J
Slide 10: 1H16 Key Events
1H16 KEY EVENTS Apr’16 Apr’16 May’16 MPMRent launched HOP Daily Rent Federal Mobil launched it’s new MPMFinance won the Best Structured for short term rental product FM Rexton)W-20 Full Trade Finance Solution Indonesia at The Synthetic, 4W lubricant for modern Asset Triple A Awards 2016 held by The
Slide 11: USD Senior Notes Hedging Coverage – Original & Top Up
USD SENIOR NOTES HEDGING COVERAGE – ORIGINAL & TOP UP USD Spot Rate Original Coverage Top-Up Coverage Settlement + Settlement @ Market Spot Rate Rp 12,000 @ Rp 12,000 @ Market Spot Rate Rp 14,000 @ Rp 2,000 subsidy Rp 15,000 @ Rp 14,000 @ Rp 2,000 subsidy – (Spot Rate – Rp 15,000) Rp 16,000 @ Rp 1,0
Slide 12: Key Messages
KEY MESSAGES MPM Updates Leading End-to-End Consumer Automotive Company in Indonesia Company Updates 1H16 Business Segments Performance Continued scale building Positive Growth and growth in all Business across all business segments Segments 1H16 Summary +9% YoY Revenue Growth & -23% YoY / +52% QoQ
Slide 13: 2W Distribution & Retail: Continue Leadership in E. Java and NTT
2W DISTRIBUTION & RETAIL: CONTINUE LEADERSHIP IN E. JAVA AND NTT Sales Volume (000 units, YoY%) 1H16 Highlights Mulia +0% -7% +0% • 2W sales volume in YTD 2016 is showing stable growth vs national sales of -5% in 1H16 relative to 1H15. 972 902 903 • Lebaran festive was positive contributing factor t
Slide 14: 4W Dealership: Improve Sales Productivity & Service Level
4W DEALERSHIP: IMPROVE SALES PRODUCTIVITY & SERVICE LEVEL Sales Volume (Car Units, YoY%) +99% +166% +42% 1H16 Highlights • Higher sales volume as of June 2016 relative to last year due the 5,213 increase in sales productivity and scaling-up of operations 3,078 3,680 (currently 11 dealers for new car
Slide 15: Consumer Parts: Strengthen Channel & New Product Development
CONSUMER PARTS: STRENGTHEN CHANNEL & NEW PRODUCT DEVELOPMENT Sales Volume (KL, YoY%) 1H16 Highlights -5% +7% • Higher sales volume as of YTD June 2016 compared to YTD June 2015 due to sales volume increase in the majority of sales +14% categories, including: 62,116 63,172 59,200 Non Matic and Mati
Slide 16: Auto Services: Maintain Operational Excellence & Cash Flow
AUTO SERVICES: MAINTAIN OPERATIONAL EXCELLENCE & CASH FLOW Fleet Size (Units, YoY%) 1H16 Highlights -1% -9% -1% • YTD fleet size as of June 2016 is slightly lower than last year but recovers from FY15. 15,255 14,413 14,334 13,935 13,856 • Stable utilization rate of around 90%. • Lower revenue as of
Slide 17: MPMFinance: Selective Growth While Maintaining Focus on Asset Quality
MPMFINANCE: SELECTIVE GROWTH WHILE MAINTAINING FOCUS ON ASSET QUALITY New Booking (IDR B, YoY%) 1H16 Highlights -28% +7% +13% • Higher new bookings as of June 2016 compared to last year with 4,093 early re-monitoring system which focus on the assets quality. 2,934 3,141 • Lower NPAT as of June 2016
Slide 18: MPMInsurance: Increase Penetration Group & Non-Group Businesses
MPMINSURANCE: INCREASE PENETRATION GROUP & NON-GROUP BUSINESSES Gross Premium (IDR B, YoY%) 1H16 Highlights +75% +37% +88% • Gross premium as of June 2016 is higher than last year due to +96% growth in most premium categories including MV, Fire, Marine 354 Cargo and Others (engineering business) cat
Slide 19: Key Messages
KEY MESSAGES MPM Updates Leading End-to-End Consumer Automotive Company in Indonesia 1H16 Business Segments Performance Positive Growth in all Business Segments 1Q14 1H16 Summary & Business Segments Performance Stable +9% YoY2WRevenue businessGrowth despite&natural disasters, -23% YoY / +52% Strong
Slide 20: Key Metrics - Consolidated
KEY METRICS - CONSOLIDATED KEY METRICS CONSOLIDATED FY15 1H16 1H15 YoY (%) 2Q16 1Q16 QoQ (%) Profit & Loss (IDR Billion) 1H16 Highlights Net Revenue 16,640 8,883 8,181 8.6% 4,739 4,143 14.4% • Net revenue and gross profit Gross Profit 2,299 1,265 1,168 8.3% 664 601 10.5% have grown in 1H16 relative
Slide 21: Key Metrics – Non Financial Services
KEY METRICS – NON FINANCIAL SERVICES KEY METRICS NON-FINANCIAL SERVICES FY15 1H16 1H15 YoY (%) 2Q16 1Q16 QoQ (%) 1H16 Highlights Profit & Loss (IDR Billion) Net Revenue 15,471 8,307 7,591 9.4% 4,443 3,864 15.0% • The YoY growth in net revenue Gross Profit 1,581 910 799 13.9% 484 427 13.3% and gross
Slide 22: Key Metrics – Financial Services
KEY METRICS – FINANCIAL SERVICES KEY METRICS FINANCIAL SERVICES FY15 1H16 1H15 YoY (%) 2Q16 1Q16 QoQ (%) 1H16 Highlights Profit & Loss (IDR Billion) Net Revenue 1,209 600 611 -1.8% 309 291 6.4% • Smaller growth of net revenue Gross Profit 745 373 383 -2.6% 190 183 4.0% and gross profit mainly due to
Slide 23: Disclaimer
Disclaimer • These materials have been prepared by PT Mitra Pinasthika Mustika Tbk (the “Company”, “MPM”) and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the informati
PT Mitra Pinasthika Mustika — H1 2016 Earnings Presentation on 6ix