Pt Japfa Comfeed Indonesia Tbk Class A · IDX:JPFA
Pt Japfa Comfeed Indonesia Tbk Class A — Q1 2023 Earnings Presentation
27 slides from Pt Japfa Comfeed Indonesia Tbk Class A's earnings presentation, 2023
Slide 1: PT Japfa Comfeed Indonesia Tbk Investor Presentation 1Q2023
PT JAPFA COMFEED INDONESIA Tbk INVESTOR PRESENTATION 1Q2023 Sinergi untuk Masa Depan Yang Berkelanjutan Synergy Towards A Sustainable Future
Slide 2: Index
Index Company Overview Key Investment Highlights Financial and Operational Highlights 1
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: Vertically Integrated Business Model
Company Overview Core competencies across the value chain POULTRY AQUACULTURE BEEF CATTLE UPSTREAM ANIMAL FEED VERTICALLY INTEGRATED BUSINESS MODEL PRODUCTION UPSTREAM BREEDING MIDSTREAM COMMERCIAL FARMING DOWNSTREAM PROCESSING DOWNSTREAM CONSUMER PRODUCTS 3
Slide 5: Industrialized approach drives operational and financial benefits
Industrialized approach drives operational and financial benefits A Scale B Technology and Genetics – 2nd largest feed and DOC producer in Indonesia with – Exclusive relationship with Aviagen (on broilers) for significant scale across the value chain: the sourcing of grandparent stock with superior
Slide 6: Japfa: Well positioned for long-term growth
Japfa: Well positioned for long-term growth Poultry leader in Indonesia − Aquaculture is primarily a feed business with some − 2nd largest poultry feed producer in farming overlay Indonesia − Protein diversification − Core business and stable segment of strategy for varying the value chain Trading a
Slide 7: Growing responsibly
Growing responsibly Japfa’s animal protein business in Indonesia showed strong sales growth in the 2010 – 2014 period driven by strong poultry demand, which then stagnated in the 2014 – 2015 period. After the down-cycle, Japfa’s poultry business resumed growth in 2016 New and non-essential Capex
Slide 8: Key Investments Highlights
KEY INVESTMENTS HIGHLIGHTS
Slide 9: Investment highlights
Investment highlights 1 Attractive industry dynamics driven by strong structural growth in protein consumption 2 Leading integrated poultry national champion with nationwide footprint 3 Core feed business offers stable profitability 4 Industrialised Business Model: Leading Market Positions 5 Experie
Slide 10: Attractive industry dynamics driven by strong structural growth in protein consumption
1 Attractive industry dynamics driven by strong structural growth in protein consumption Poultry meat consumption has increased in tandem Poultry Meat Consumption per capita in Asia with GDP in Indonesia (kg per capita – 2022) 9 kg 2017 Malaysia 50.1 8 kg 2016 Consumption / Capita (Kg) 2015 7 kg 201
Slide 11: Well-established market leader in the Indonesian animal protein sector
Well-established market leader in the Indonesian animal 2 protein sector Nationwide footprint with presence in all major islands Company’s Operational Areas Significant economies of scale given procurement Logistical feat given that Indonesia is an archipelago; volume of raw materials, especiall
Slide 12: Poultry Feed: Stable Base Margin
Poultry Feed: Stable Base Margin 400 16% 350 14% LTM OPM Poultry Feed Covid Impact 12% 300 Price Change3 10% 250 8% 200 6% 150 4% 100 2% 50 0% 1 LTM Poultry Feed OPM (%) SBM Price2,3 Corn Price2,3 USD/IDR3 Poultry Feed OPM has been stable around 10% - 11% as feed has the ability to effectively pass
Slide 13: Segmental Trends: PT Japfa Tbk (Poultry)
Segmental Trends: PT Japfa Tbk (Poultry) Revenue (IDR Billion) Operating Profit (IDR Billion) Operating Profit Margin (%) 68,555 62,126 7,619 3,221 3,598 3,521 6,505 239 48,543 3,233 242 47,123 25.0% 22,424 895 195 1,112 5,568 5,037 20,361 264 1,722 13,902 15,625 6,819 6,895 14.0% 16.3% 13.6% 6,414
Slide 14: Leading Pan-Asian Industrialised Agri-Food Company
3 Leading Pan-Asian Industrialised Agri-Food Company WHAT WE DO WHERE WE ARE WHY WE DO IT We produce quality We employ over 1.7 billion people living protein staples and 38,000 people across in our target markets packaged food that Singapore, Indonesia, More than 20% of the nourish millions of Vietn
Slide 15: Industrialised Business Model: Leading Market Positions
4 Industrialised Business Model: Leading Market Positions Leading upstream regional market positions DOC Production1 Vietnam 14% #2 Poultry Feed Production1 Myanmar 18% #2 DOC Production1 Myanmar 26% #2 2nd largest Indonesian poultry feed and DOC producer2 Poultry feed production capacity market sha
Slide 16: Experienced and tenured management team
5 Experienced and tenured management team Proven track record of guiding the Company through various cycles Board of Commissioners* Ito Sumardi Syamsir Siregar Bambang Budi Hendarto Hendrick Kolonas Djuni Sanyoto President Vice President Commissioner Independent Commissioner Commissioner Commissione
Slide 17: Financial and Operational Highlights
FINANCIAL AND OPERATIONAL HIGHLIGHTS
Slide 18: PT Japfa Tbk – Financial Performance
PT Japfa Tbk – Financial Performance Revenue Operating Profit EBITDA PAT IDR Billion IDR Billion IDR Billion IDR Billion 1Q2023 11,762 -65 -242 209 (3.2)% y-o-y (106.6)% y-o-y (84.1)% y-o-y (137.4%) y-o-y 1Q2022 12,154 979 647 1,316 Despite a high-cost environment, feed margins are holding up. Howev
Slide 19: PT Japfa Tbk: 4-year trend
PT Japfa Tbk : 4-year trend Revenue Operating Profit IDR Billion IDR Billion 60,000 3,600 3,222 3,200 3,136 48,972 2,803 50,000 44,878 2,800 2,635 38,872 2,400 40,000 36,965 2,000 30,000 1,475 1,600 1,412 1,236 1,213 20,000 1,200 942 979 941 872 11,762 800 627 520 543 10,000 438 406 340 400 190 (338
Slide 20: PT Japfa Tbk: Recalibrate growth plans
PT Japfa Tbk: Recalibrate growth plans In the light of the current challenging conditions, we have recalibrated our growth plans and prudently adjusted our Capex accordingly. This should limit the need for major additional funding. We have a proven track record to adjust capex roll-out according t
Slide 21: Major Global External Factors
Major Global External Factors Geopolitical tensions, especially the situation between Russia and Ukraine, have caused disruptions to global economies, supply chains and commodities prices. These have impacted the cost of raw materials and consumer purchasing power Global inflationary pressures a
Slide 22: Covid-19 Impact
Covid-19 Impact Supply and Operations As Japfa supplies about 20-25% of animal protein foods in many countries where we operate, we play an essential role in supplying staple foods. As such, the impact of Covid-19 on our operations has not been material and we continue to run our farms and feed mill
Slide 23: Japfa Sustainability Journey
Japfa Sustainability Journey Sustainability has been at The standalone sustainability Participated as a road tester in the Social Japfa Tbk received an SLL the core of our operations report was issued to LCA/SLCA Project initiated by the United from BNI valued at IDR 1.42 since the Company’s promine
Slide 24: PT Japfa Tbk – Stable rolling operating profit
PT Japfa Tbk – Stable rolling operating profit PT Japfa Tbk is an agri-food business, hence will be subject to cyclicality which directly impacts its revenue and profitability. Cyclicality is dependent on a variety of external factors, which are beyond the Company’s control, including the seasonal
Slide 25: Proven financial track record
Proven financial track record Net Revenues Operating Profit EBITDA Net Profit (IDR Billion) (IDR Billion) (IDR Billion) (IDR Billion) 12,154 11,762 979 1,316 209 647 (65) (242) 1Q2022 1Q2023 1Q2022 1Q2023 1Q2022 1Q2023 1Q2022 1Q2023 Total Assets CAPEX Total Interest Bearing Debt Net Debt / Equity (%
Slide 26: Capex
Capex (IDR Billion) 1,923 1,940 337 FY2021 FY2022 1Q2023 25
Slide 27: Thank You
Thank You IMPORTANT NOTICE: This investor presentation is for information only and should not be relied upon to make any investment or divestment decision with respect to securities of the Japfa Group. Shareholders and potential investors are advised to seek independent advice in the making of any i
PT Japfa Comfeed Indonesia — Q1 2023 Earnings Presentation on 6ix