Pt Indonesia Kendaraan Terminal Tbk · IDX:IPCC
Pt Indonesia Kendaraan Terminal Tbk — Investor Presentation (September 2023)
53 slides from Pt Indonesia Kendaraan Terminal Tbk's investor presentation, Sep 18, 2023
Slide 1: Management Presentation Performance Update
MANAGEMENT PRESENTATION PERFORMANCE UPDATE PT Indonesia Kendaraan Terminal Tbk Sept, 18th 2023
Slide 2: List Of Content
List Of Content Auto Industry Performance Company Overview Operational Overview Financial Overview Strategies, Prospect & Challenges 2
Slide 3: Auto Industry Performance
Auto Industry Performance • Performance • Monthly Cyclical • Comparison GAIKINDO & IPCC
Slide 4: Cars production, wholesales, export and import
1,600 Cars Production (in 000 units) 1,470 1,400 Cars Wholesales (in 000 units) Passenger Cars Production 1,344 Thousands Thousands 1,400 Total 1,287 Passenger Cars Total Sales Commercial Vehicle Total Sales TOTAL Passenger Cars : +5,20% Commercial Vehicle 1,200 1,151 CommVec : -6,94% 1,214 Producti
Slide 5: Auto industry data table 2017-8M-23
Passenger Commercial Cars Vehicle Passenger Commercial PERIODE CBU EXPORT CKD-SET EXPORT CBU IMPORT CKD-SET IMPORT Production Production Cars Total Vehicle Total Total Sales Total Sales 2017 981,799 235,719 842,474 234,891 231,169 85,369 87,352 191,541 2018 1,055,774 287,940 874,660 276,631 264,553
Slide 6: Monthly wholesales and production 2019-2023
WHOLESALES 2019 - 2023 PRODUCTION 2019 - 2023 110,000 105,354 2019 2020 2021 2019 2020 101,202 144,958 2021 2022 134,201 140,000 135,542 100,000 2022 2023 99,986 91,275 132,770 136,988 2023 98,535 96,128 96,673 84,149 122,970 135,101 90,000 82,155 90,368 89,254 88,926 119,825 122,968 80,995 93,194 8
Slide 7: Comparison GAIKINDO - IPCC production and export
1,400,000 Comparison GAIKINDO - IPCC - PRODUCTION 70.00% Comparison GAIKINDO - IPCC - EXPORT 65.98% Gaikindo Prod IPCC Prod. Market Shr 500,000 Gaikindo Export 120.00% 1,214,250 473,602 IPCC Export 1,200,000 54.05% 60.11% 60.00% 99.39% 450,000 98.52% Market Shr 98.20% 55.70% 100.00% 1,055,774 47.89%
Slide 8: Company Overview
Company Overview • IPCC Overview • IPCC Shares Ownership • IPCC Core Values • Board of Commissioner & Board of Director
Slide 9: IPCC Overview
IPCC Overview IPCC History at a glance After the Pelindo merger, IPCC is owned 71,3% by PT Pelindo Multi Indonesian Government Car Terminal Division was spun Terminal; 0,7% by PT MTI and 28% by instruction to IPC to off as PT Indonesia Kendaraan the public, followed by the new logo. make dedicated v
Slide 10: IPCC Overview – Pelindo Company Structure
IPCC Overview – Pelindo Company Structure Business Model Strategic architect & PT Pelabuhan Indonesia (Persero) Concession Owner Regional 1 Regional 2 Regional 3 Regional 4 Regional x Regional coordinator Cabang Cabang Cabang Cabang Cabang Business Owner (SPTP) (SPMT) (SPSL) (SPJM) R1 – Prima TPK R3
Slide 11: IPCC Shares Ownership
IPCC Shares Ownership IPCC Shares Ownership INSURANCE; 2; 0.03% BROKERAGE; 1; 0.01% MUTUAL FUND; 3; 0.04% SWITZERLAND - TAX TREATY; 1; FOUNDATION; 5; 0.07% PELABUHAN INDONESIA (PERSERO) 0.01% COOPERATION; 0; 0.00% INDIVIDUAL - FOREIGN; 10; 0.13% 99.9% MALAYSIA - TAX TREATY; 1; 0.01% INDIVIDUAL - FOR
Slide 12: Board of Commissioners and Directors
Based on EOGM Sept 5th 2023 Left to Right : Commisioner Abdur Rahim Hasan; President Left to Right : Director of Finance & Human Capital : Wing Megantoro; President Commisioner Drajat Sulistyo; Commisioner L.M Arya Bima Yudiantara Director & Act. Director of Commercial & Business Development : Sugen
Slide 13: Three things as Main Focus in our company
IPCC main characteristics to achieve the GOALS i.e : Three things as Main Focus in our company: 13 13
Slide 14: Use of IPO Fund Proceeds
USE OF IPO FUND PROCEEDS 51,91% 415.46 B 40,06% IPCC Initial Public Offering 320.59 B IPCC offering shares at about 1,81 billion shares with fund acquisition reached Rp. 835,0 billion. 1,25% 10.00 B 6,79% 54.32 B CAPEX Payment of Land Rent, paid in Working Capital Remaining Use of IPO Funds advance
Slide 15: Operational Performance
Operational Performance • Details of IPCC Cargo in International Terminal • Details of IPCC Cargo in Domestic Terminal • Monthly Cyclical
Slide 16: IPCC Operation Area
IPCC Operation Area Tanjung Priok Port, Belawan Port, Surabaya • (Tanjung Perak Port), and Makassar Port are the 4 Quay 1: 125 m / -4.5 mLWS main ports in Indonesia, and IPCC has operated in 3 of Quay 2: 75 m / -4.5 mLWS • those main ports. • ` Belawan Indonesia new capital ` city location ` Pontian
Slide 17: IPCC Export–Import CBU and Non CBU
IPCC Export – Import (CBU) 35 IPCCNon CBU Heavy Total (2020-8M23) Equipments, in IPCC Trucks, Buses & Spareparts 7,000 CBU Ex-Im (2020-8M23) in IPCC Spare Parts (Pkgs) Heavy Equipment (Unit) Truck & Bus 500 Total Ex-Im 29,60% Exports Imports Total CBU 30 5,865 5,582 6,000 Thousands 450 5,291 Truck &
Slide 18: Cargo volumes 8M-22 vs 8M-23
CBU (Unit) TRUCK/BUS (Unit) 300,000 CBU Import 4,500 14,95% Truck/Bus Import 4,138 CBU Export 249,396 4,000 250,000 Truck/Bus Export 216,953 3,402 21,63% 3,500 200,000 3,000 2,500 150,000 2,000 41,56% 100,000 1,500 55,066 38,900 1,000 -55,38% 50,000 381 500 170 - - 8M-22 8M-23 8M-22 8M-23 HE (Unit)
Slide 19: Cargo volumes by terminal
CBU (Unit) TRUCK/BUS (Unit) HE (Unit) Tj. Priok Panjang. Lampung Tj. Priok Panjang. Lampung Dwikora, Pontianak Tj. Priok Panjang. Lampung Dwikora, Pontianak 250,000 Dwikora, Pontianak Roro, Belawan 58,000 10,000 Roro, Belawan Roro, Makasar TOTAL Roro, Makasar TOTAL Roro, Belawan Roro, Makasar TOTAL
Slide 20: Monthly cyclical CBU and HE
45,000 40,000 Export CBU Import CBU 40,000 35,000 Import 2018 Import 2019 35,000 Import 2020 30,000 Import 2021 30,000 Import 2022 25,000 Import 2023 25,000 20,000 20,000 15,000 Export 2018 15,000 Export 2019 Export 2020 10,000 10,000 Export 2021 Export 2022 5,000 5,000 Export 2023 0 0 JAN FEB MAR A
Slide 21: Monthly cyclical truck/bus and general cargo
900 1,200 Import Truck / Bus 800 Export Truck / Bus Import 2018 Import 2019 1,000 700 Import 2020 Import 2021 Export 2018 Export 2019 Import 2022 Import 2023 Export 2020 Export 2021 800 600 Export 2022 Export 2023 500 600 400 300 400 200 200 100 0 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JA
Slide 22: Export destinations, Tanjung Priok
EXPORT Destination 8M-22 Destination 8M-23 Country UNITS Share Country UNITS Share Saudi Arabia 42,413 19.55% Saudi Arabia 38,073 15.27% Vietnam 38,649 17.81% Phillippines 37,144 14.89% Phillippines 26,006 11.99% Mexico 34,354 13.77% Thailand 21,978 10.13% Vietnam 30,419 12.20% Mexico 16,496 7.60% T
Slide 23: Import origins, Tanjung Priok
Germany, 3,34% England, 0,74% S. Korea, 6,91% China, 0,36% AS, 0,43% Japan, 7,77% India, 16,11% Thailand, 62,00% IMPORT Malaysia, Destination 8M-22 Destination 8M-23 0,95% Country UNITS Share Country UNITS Share Singapore, Thailand 22,893 58.85% Thailand 30,035 62.00% 1,00% Phillippines 4,994 12.84%
Slide 24: Operation Activities in IPCC
Operation Activities in IPCC Asakai / Briefing LQ Gate Marking Quality Check Port stock Port stock 24 Hour Delivery Services Penumpukan Dedicated Load Lane for Delivery 24
Slide 25: Equipment Facilities in IPCC
Equipment Facilities in IPCC 25
Slide 26: Financial Performance
Financial Performance • Finance Performance • Financial Highlight • Dividend Policy
Slide 27: Revenue, EBITDA, net income, assets and equity
ASSETS LIABILITIES EQUITY REVENUE EBITDA NET INCOME 2,500.00 400.00 21,37% 2,191.83 366.96 1,962.88 350.00 1,825.05 2,000.00 1,772.14 300.00 302.34 -19,15% 250.00 35,26% 1,500.00 6,79% 233.28 200.00 1,240.88 191.29 73,77% 1,000.00 1,161.97 150.00 1,004.94 141.42 1,064.99 1,029.86 78.92 897.89 -48,41
Slide 28: Income statement and balance sheet summary
In Thousand Rupiah Income Statement 2018 2019 2020 2021 2022 6M-22 6M-23 Operating Revenue 521,835,612 523,218,738 356,532,157 516,836,950 726,573,259 302,336,582 366,960,224 Gross Profit 249,998,152 217,643,653 75,710,582 198,247,317 346,846,685 129,332,884 172,762,316 Operating Income 180,375,667
Slide 29: Revenue breakdown 6M22 vs 6M23
Revenue 6M22 Revenue 6M23 77,678,912,092 ; 80,654,404,783 ; 25.70% 22.34% 224,558,958,776 ; 74.30% 280,448,091,383 ; 77.66% TOTAL International TOTAL Domestics TOTAL International TOTAL Domestics Revenue 6M22 Revenue 6M23 Spare Parts; Motorcycle; Spare Parts; 8,129,033,040 ; Motorcycle; 4,746,483,21
Slide 30: International and domestic revenue
International Revenue 6M22 International Revenue 6M23 Spare Parts; 7,320,973,126 ; Spare Parts; Heavy Equipment; 3.26% 7,844,781,078 ; Heavy Equipment; 60,123,420,838 ; 2.80% 75,387,326,067 ; 21.44% 33.57% Cars; 141,850,659,583 ; Cars; 63.17% 212,479,889,467 ; 75.76% Cars Heavy Equipment Spare Parts
Slide 31: 2023 capex budget
• In 2023, IPCC have a capex budget at IDR 35,54 billion. From those amount, mostly running for the activities that support services operation in IPCC’s Terminal and improvement in infrastructure and superstructure, such as mentioned in the table above. 31 31
Slide 32: Dividend history and policy
Date of Cash Amount of Year of Income for The Amount of and/or Dividend Payout Ratio Dividends per Financial Year Dividend Policy Dividend per Distribution (%) Year Paid Report (IDR Thousand) Share (IDR) Date (IDR Thousand) 70% 90.499.432,39 (Final Dividend, the AGM, June 27th 2023 August, 1st 2023
Slide 33: Strategies, Prospect, & Challenges
Strategies, Prospect, & Challanges • IPCC’s Main Programs • IPCC Operation Area • Prospect in 2023 – 2024
Slide 34: IPCC's Main Programs
IPCC’s Main Programs Expansion: IPCC as the only subsidiary of Pelindo specialized in handling Car and RORO terminals IPCC started its expertise as car terminal, however in order to unlock the capacity in each terminals operated by IPCC and to enhance the connectivity in Indonesia, IPCC extended its
Slide 35: Vertical and horizontal expansion
Car Distribution Management • Vertical Expansion (Car Distribution Management) • Expansion to the other business inside car terminal ecosystem (car carrier, shipping, dan PDC) Land Transportation • Collaboration with business parties inside car terminal ecosystem for integrated new business Warehous
Slide 36: Company Main Programs
Company Main Programs To capture all business opportunities outside the terminal business, both on the sea and land transportation, by focusing on these aspects: • Port operations and customer • Horizontal: other potential • Integrated “Beyond The Gate” relationship management car/roro terminals end
Slide 37: Beyond The Gate
Integration: Grabbing the opportunity outside the gate terminal with new spirit “Beyond The Gate” New service launched in 2022: Pre-Delivery Cargo (PDC) with Primary Customer: Hyundai Motor Indonesia 37
Slide 38: IT master plan and digitalization
Automated Gate Integration With Maker IT Master Plan 2020 – IT Security Enhancement Single TID Operation Dashboard Gate Automation in Int’l Data integration Maker – 2024 Implementation of next TID International Terminal Implementation of Terminal & Truck ID IPCC announcement truck & An integrated IT
Slide 39: RFID utilization before and after
Digitalization and Data Integration at port by extending RFID utilization up to Port in (eliminate manual scan process) to get valid data and compliance on PerDirjen 01/2019 (NPE) RFID Utilization Port In (Scan) Public Road PDI Export KCY-Storage Port-Storage Plant KCY-Preloading Port Rec. Before TM
Slide 40: RFID antenna design and testing
1. Structure design & study for Antenna 2. Static & dynamic test for RFID Tag 3. Structure design & study at Car Carrier 4. Structure installation at IKT Port 5. Trial Actual Operation at IKT Port
Slide 41: Satellite terminals Belawan and Makassar before and after
TERMINAL SATELIT BELAWAN TERMINAL SATELIT MAKASSAR BEFORE BEFORE AFTER AFTER 41
Slide 42: Anothers Strategic Things
Anothers Strategic Things • GRC Strengthening • Awards & Certifications • Why Invest to IPCC?
Slide 43: IPCC - GRC Strengthening
IPCC - GRC Strengthening .: IPCC’s GRC Center of Excellent Structure 43
Slide 44: IPCC - ESG Implementation
Terus Melindungi dan Melestarikan Lingkungan [B.3] Continuous Protection and Preservation of the Environment ISO 14001:2015 Iso 50001:201 MULTI TERMINAL IPCC TERMINAL KENDARAAN i Jonsumst sane Energy Management Fuel consurmetion Feaueng Water Consumption MULTI TERMINAL IPCC TERMINAL KENDARAAN
Slide 45: IPCC Awards & Certifications
IPCC Awards & Certifications IPCC has received the award from ASEAN Risk Awards 2023, IPCC has received the award specialized in Governance, Risk from TrenAsia ESG Award 2023 & Compliance (GRC) for category “Multipurpose Terminal Category for Action”. 45
Slide 46: Why Invest to IPCC?
Why Invest to IPCC? BENEFITS OF INVESTING IN IPCC STOCKS 1. Business & financial growth; 6. Supported by the increasing demand of vehicles for logistics distribution and other industries; 2. Constant annual Dividends; 7. Increasing growth of vehicles exports and 3. Outstanding operational and financ
Slide 47: Thank You
Thank You For More Information, Please Contact: Investor Relations Reza Priyambada : +62 812 901 0044 investor.relationipcc1@gmail.com / reza.priyambada@indonesiacarterminal.co.id
Slide 48: Attachment
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Slide 49: IPCC Shares Ownership
IPCC Shares Ownership INSURANCE; 2; 0.03% BROKERAGE; 1; 0.01% MUTUAL FUND; 3; 0.04% SWITZERLAND - TAX TREATY; 1; FOUNDATION; 5; 0.07% 0.01% COOPERATION; 0; 0.00% INDIVIDUAL - FOREIGN; 10; 0.13% MALAYSIA - TAX TREATY; 1; 0.01% INDIVIDUAL - FOREIGN; 14; 0,17% PENSION FUND; 5; 0.07% FOUNDATION; SWITZER
Slide 50: IPCC Strategies and Prospect Towards The Future
IPCC Strategies and Prospect Towards The Future Expansion: IPCC as the only subsidiary of Pelindo specialized in handling RORO terminals IPCC is operating RORO Namely Tanjung Priok, Belawan, dan Makassar, as Main Distribution Nodes, 01 Terminals in 3 of 4 main after that the car cargo will be distri
Slide 51: Beyond The Gate opportunities and car maker cooperation
• With the new logo and new tagline “Beyond The Gate”, IPCC keep looking for every business opportunity that can grabbed revenue creativity & revenue enhancement, such as Car(go) Distribution Management, CCS, and others. • To expand the loading-unloading operational services of vehicles in IPCC’s Te
Slide 52: Prospects: infrastructure recovery, digital transformation, expansion
• The bounce-back of infrastructure activities that support the construction industry and the recovery of commodity industry will lift up the demand of heavy equipment and all its components. • Accelerate the Car Terminal Digital Transformation to enable the delivery of optimal and effective operati
Slide 53: IPCC's Business Model Canvas
IPCC’s Business Model Canvas 53
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