Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA

Pt Garuda Indonesia (persero) Tbk Class B — Q2 2020 Earnings Presentation

16 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, 2020

  1. Slide 1: Corporate Presentation 2Q 2020

    Corporate Presentation 2Q 2020 CONFIDENTIAL DRAFT

  2. Slide 2: Shares Information

    Shares Information bil 1/2/2019 — 6/30/2030, IGIAA L Equity Last Price (RL) 246 sin a . MISC Index Lase Price (LI) 9905392 KV Wy \ 6000: | \ ba mf IN} \ \ AN 500 000 Ta Feb Tar Te Tey aa Tas Oe Tar Dee Ta Feb te Tey Tar Inn 13 Eauty (Garda Indonesia Persero TOK PT) GIAA vs ICE. Dally O23AN2019-20 co

  3. Slide 3: Garuda's Strategy to Mitigate COVID-19 Pandemic

    Garuda’s Strategy to Mitigate COVID-19 Pandemic + Negotiating lessor to defer rental fee payment DRENEGOUATETEDS EGOS + Extend aircraft leasing period to reduce monthly lease cost + Deferral due date payment & debt restructuring + Convert non-cash facilities into cash loans Il. FINANCIAL RELAXATION

  4. Slide 4: New and revised standards and interpretations effective 1 January 2020

    New and revised standards and interpretations issued and effective for the financial year beginning on 1 January 2020, • • • 4

  5. Slide 5: An Extremely Challenging Business Environment for Airlines Globally

    An Extremely Challenging Business Environment for Airlines Globally (currency in million USD, except stated otherwise) INDICATO! REVENUES Scheduled Airline Non-Scheduled Airline Others Total Operating Revenue EXPENSES Fuel Rental* Depreciation* Maintenance And Repairs Others Total Expenses Foreign E

  6. Slide 6: Significant Impact During the Outbreak of COVID-19

    Significant Impact During the Outbreak of COVID-19 (currency in million USD, except stated otherwise) INDICAT 20 20 10 2020 2Q 2020 Chg (%) 6M 2 6M 2020 Chg (%) OPERATIONAL Utilization (Hour) 751 6:05 136 OV (6:11) 7:49 434 0 (3:15) On-Time Performance (%) 91.9 93.7 948 M& O5pp 93.1 938 A 07pp ASK (

  7. Slide 7: The Impact of Covid-19 Pandemic on Garuda Indonesia in 2Q 20

    The Impact of Covid-19 Pandemic on Garuda Indonesia in 2Q 2020 All International Flight Starting on 15 March GA flight to/from mainland Starting on 5" February U Reduce Freq a UO Lockdown / No Flight ASK + 83.4% ASK : Production PAX : Passenger Carried REV: Revenue of Passenger & Cargo PAX W 88.7% R

  8. Slide 8: Lockdowns and Travel Bans Have Resulted Protracted Volatility in Domestic and International

    Lockdowns and Travel Bans Have Resulted Protracted Volatility in Domestic and International INDICATOR DOMESTIC Passenger Carried (Million) ASK (Billion) Seat Load Factor (%) Revenue Passenger (USD Million) Passenger Yield (US¢) Average Fares (USS) Cargo Uplifted (K Ton) CASK (US¢) CASK - excl. Fuel

  9. Slide 9: All Segments are in Decline During the Outbreak

    All Segments are in Decline During the Outbreak INDICATOR GARUDA INDONESIA Passenger Carried (Million) ASK (Billion) Seat Load Factor (%) Revenue Passenger (in Million) Passenger Yield (US¢) Average Fares (USS) Cargo Uplifted (K Ton) CASK (US¢) CASK - excl. Fuel (US¢) Cargo Yield (US¢) CITILINK Pass

  10. Slide 10: The Group's Fleet Structure

    The Group's Fleet Structure FINANCE LEASED/ OPERATING AIRCRAFT TYPE OWNED LEASED Operated by Garuda Indonesi Narrow Body Boeing 737-800NG 2 Boeing 737 Max 8 1 Bombardier CRJ1000 Nextgen 6 12 ATR72-600 13 Total Narrow Body 6 99 Wide Body Boeing 777-300ER 10 10 Airbus 330-200 7 7 Airbus 330-300 6 v y

  11. Slide 11: With the Worsening Condition in 2Q 2020, Equity Decreased by 111.2%

    With the Worsening Condition in 2Q 2020, Equity Decreased by 111.2% (currency in million USD, except stated otherwise) INDICATOR 4Q 2019 10 2020 Chg (%) 2Q 2020 Chg (%) ASSET Current Assets 1,133.9 772.8 (31.8) 717.1 Vv (36.8) Non-Current Assets* 3,321.8 8,372.6 152.1 9,569.8 A 1881 Total Assets 4,4

  12. Slide 12: The Pandemic Adversely Impacted the Group's Cash Flows

    The Pandemic Adversely Impacted the Group’s Cash Flows (currency in million USD, except stated otherwise) CASH FLOW Operating Activities 98.0 269.9 (138.8) (241.5) 309.8 131.2 V.....(57.7) Investing Activities (68.6) (40.2) (8.6) 87.4 (70.3) (48.9) Vv 305 Financing Activities (42.8) (355.2) 145.4 44

  13. Slide 13: Negotiation on Debt Covenants In COVID-19 Pandemic

    Negotiation on Debt Covenants In COVID-19 Pandemic FINANCIAL DEBT Short Term Debt Factoring Liabilities CPLTD Bonds/Sukuk Asset-Backed Securitisation Loan Total Short Term Debt Long Term Debt Asset-Backed Securitisation Loan Total Long Term Debt Total Leasing Total Financial Debt COVENANT Min Cash (

  14. Slide 14: Sukuk Consent Solicitation - Extended by Years, Coupon Remains The Same

    Sukuk Consent Solicitation - Extended by 3 Years, Coupon Remains The Same The COVID-19 pandemic has created an extremely challenging business environment for airline globally, with the WHO declaring the outbreak a pandemic in March 2020. Lockdowns and travel restrictions imposed by various countries

  15. Slide 15: The Subsidiaries Performance

    The Subsidiaries Performance Citilink De cities y Aerowisata INDICATOR eM2019 62020 chg() Citilink (USD million) GMF AeroAsia (USD million) Aero Wisata (IDR billion) Operating Revenue 2003. (51.7) 246.3 159.2 W (35.3) 1,686.0 919.2 W (455) Operating Income (99.7) (332.6) 19.1 (107.8) VW (664.8) (27.

  16. Slide 16: Thank You

    Thank You Investor Relations Ground Floor, Garuda Indonesia Management Building Soekarno-Hatta International Airport Tangerang - 15111, Indonesia PO BOX 1004 TNG BUSH email: investor@garuda-indonesia.com

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