Pt Akr Corporindo Tbk · IDX:AKRA
Pt Akr Corporindo Tbk — H1 2023 Earnings Presentation
29 slides from Pt Akr Corporindo Tbk's earnings presentation, Jul 27, 2023
Slide 1: 6M23 Result Analyst Briefing
6M23 RESULT ANALYST BRIEFING 27th July 2023
Slide 2: Forward Looking Statement
Forward Looking Statement No representations and warranties shall be made in relation to the reasonableness, accuracy, completeness or correctness of the information or opinions contained in this presentation. PT AKR Corporindo Tbk (the "Company) together with members of the Board of Directors and B
Slide 3: Presenters
Presenters Haryanto Adikoesoemo Suresh Vembu Ignatius Teguh Prayoga President Director Director & Corporate Secretary Head of Investor Relations Majority Shareholder
Slide 4: CEO Message & Business Analysis
CEO Message & Business Analysis
Slide 5: 1H 2023 Result Highlights – Continuing strong performance
1H 2023 Result Highlights – Continuing strong performance 1H23 performance highlights Sustained growth in 1H Net Profit 1,031 955 Net Profit EBITDA Gross Profit Rp Billion 550 8%yoy 13%yoy 12%yoy 432 391 Rp 1,031 Bn Rp 1,604 Bn Rp 1,810 Bn 6M19 6M20 6M21 6M22 6M23 ROE Net Gearing • AKR continues to
Slide 6: CEO Message & Performance Highlights
CEO Message & Performance Highlights 6
Slide 7: Consistent Track record of Dividend payouts
Consistent Track record of Dividend payouts Interim Dividend 6M 2023 Dividend per Total Dividend payout Year share (IDR Bn) DPR (%) Div. Interim Dividend (IDR/share) Yield 2016 2017* 24 40 479 801 46% 47% 3% 6% IDR 50/share; IDR 986.9bn 2018* 48 963 67% 11% 2019 22 442 62% 9% 2020 25 494 53% 8% 2021
Slide 8: Segmental Analysis
Segmental Analysis Ignatius T Prayoga
Slide 9: Highlight of Profit and Loss – 6 Months ended 30th June 2023
Highlight of Profit and Loss – 6 Months ended 30th June 2023 6M 2023 Income Statement (IDR bn) Revenue Breakdown 1H23 In Rp Bn 1H23 1H22 % Logistic and Industrial Estate Manufacturing 3% Total Revenue 19,855 22,109 -10% 4% Cost of Sales and Revenue (18,045) (20,491) -12% Gross Profit 1,810 1,618 12%
Slide 10: Gross Profit – Industrial estate segment contributes 17% of GP
Gross Profit – Industrial estate segment contributes 17% of GP Gross Profit Per Segment (IDR bn) Gross Profit Breakdown 1H23 Logistic and Manufacturing 6% Industrial Estate 1H23 1H22 18% Trading & distribution 1,369 1,374 Trading and Distribution 76% Industrial estate 324 103 Manufacturing and Logis
Slide 11: Improvement in Gross Profit with Significant contribution from JIIPE
Improvement in Gross Profit with Significant contribution from JIIPE Consistent Gross Profit Improvement (IDR bn) Consistent Earnings Improvement (IDR bn) 1H23 Revenue Breakdown 1,810 Industrial Logistic and 1,031 Estate Manufacturing 4% 1,618 955 3% Trading and 1,092 Distribution 1,024 93% 550 837
Slide 12: Trading & Distribution: Volumes on target with margins sustained
Trading & Distribution : Volumes on target with margins sustained Petroleum Basic Chemicals Petroleum Sales Volume ASP Petroleum Chemical ASP Chemicals Sales Volume May-19 Sep-19 May-20 May-21 May-22 May-23 Jan-19 Jan-20 Sep-20 Jan-21 Sep-21 Jan-22 Sep-22 Jan-23 2Q22 1Q23 2Q23 2Q22 1Q23 2Q23 ➢ Q 2 2
Slide 13: Industrial estate land sales – Target ha in 2023
Industrial estate land sales – Target 75 ha in 2023 JIIPE cumulative land sales & lease HAILIANG Binding Land Sale and Purchase Agreement 350 300 250 185 185 Hectares 200 185 150 103 103 100 50 127.5 147.1 60 69 83 52 52 0 24 2016 2017 2018 2019 2020 2021 2022 6M23 ➢ PT BKMS has secured another Mark
Slide 14: Operating expenses under Control
Operating expenses under Control ➢ Over five years, gross profit and net profit of AKR grew gradually, with 5- year CAGR 16.6% and 21.4%. ➢ Operating profit and net profit margins to Gross profit margins shows consistent improvements as the margins from trading and distribution improves and higher m
Slide 15: Balance Sheet Summary
Balance Sheet Summary Balance Sheet as at 30th June 2023 Assets Liabilities & Equity Current Assets Current Liabilities Cash and Equivalents 4,574 Trade Payables 5,749 Trade Receivables 6,133 Short term bank loans 10 Inventories 1,274 Current Maturities of LT bank loans 1,011 Industrial estate land
Slide 16: Stronger Working Capital and Leaner Balance Sheet
Stronger Working Capital and Leaner Balance Sheet Improving Current Ratio Rising Working Capital ➢ AKR Current ratio shows 6,289 consistent improvement over 1.8 years from 1.4x in 4Q22 to 1.8x 1.7 5,250 1H23. 4,561 1.5 3,487 ➢ The working capital of 1H23 is 1.4 3,250 1.4 2,975 more ample compared to
Slide 17: Key Ratios
Key Ratios UOM 1H23 1H22 Profitability Gross Margin % 9.1% 7.3% Operating Margin % 6.8% 5.4% Net Margin % 5.2% 4.3% Asset Management Return on Asset % 8.1% 6.9% Return on Equity % 18.8% 19.1% Total Asset Turnover x 1.6 1.6 Receivable Period Days 59 67 Inventory Period Days 13 21 Payable Period Days
Slide 18: Business Prospects
Business Prospects Suresh Vembu
Slide 19: FY23 outlook and onwards
FY23 outlook and onwards 2H23 Outlook Long Term Outlook • Expecting seasonally strong sales volume • 1) Development of downstream and mining as dry season may appear on 2H23 development of Indonesia may bolster the Petroleum sales volume and 2) higher contribution from retail Petroleum business • Re
Slide 20: Petroleum Segment Outlook
Petroleum Segment Outlook Industrial Petroleum Retail Petroleum Dry season in 2H23 AKR bp Retail Fuel Outlet Rollout 350 50 Number of Outlet 36 300 Target 350 250 Outlets in 2 2030 Season Zone 200 2018 2022 2023B 150 Contribution from Retail Fuel 100 2022 2028 50 Retail 15% Retail 0 6% Industrial Be
Slide 21: Expansion of Petroleum Retail Network with bp AKR
Expansion of Petroleum Retail Network with bp AKR - World Class fuel & non fuel offers boosting volumes Significant Providingchange high quality on Mogas fuel and landscape user experience Significant Growth in sales over past 6 months One-stop-shop with front store parking Compact Concept to Accele
Slide 22: Land sales prospects - discussions ongoing with large companies
Land sales prospects - discussions ongoing with large companies Land balance Pipeline of Land Inquiries & Utilities 1,761 Total Foreseeable electricity and land requirement in each industry (in HA) Petrochemical 200 HA 200 MW 500- 600 MW Steel 100 HA 200 MW Potential Power Base Metal Refinery 60 HA
Slide 23: Building base for sustained recurring income
Building base for sustained recurring income Potential Utility Requirements Projected Power Requirement Projected Water Requirement 900 800 800 700 700 600 600 500 500 MW 400 400 300 300 1.1-1.3 GW 200 200 Electricity 100 100 0 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F 0 2024F 2025F
Slide 24: ESG initiatives and Strategies
ESG initiatives and Strategies
Slide 25: AKR ESG Purpose & Goal
AKR ESG Purpose & Goal Vision The Leading Provider of Logistic Services and Supply Chain Solutions for Bulk Chemical & Energy Distribution in Indonesia → To be the leading company, AKR must continuously improve, adjust, can anticipate changes, do innovation to win competition Mision Optimizing Our P
Slide 26: Focus of AKR Supply Chain towards a Sustainable Future
Focus of AKR Supply Chain towards a Sustainable Future Supply Chain Innovation & Improve CO2 Reporting Sustainable Fuel Offering Optimization • Data Collection • Improvements to Supply Chain • Cleaner Fuel for Greener • Data Analysis of Supply Chain • Reduction of Carbon Foot Print Transition Emissi
Slide 27: Recognition of Our Sustainability Initiatives
Recognition of Our Sustainability Initiatives Proud to receive prestigious Emission Intensity ESG Rating & Indices Recognitions 0.044 “PLATINUM Grade for 0.036 Emission Disclosure (kgCO2 eq/Rp 2023” from Bumi Global Karbon and Investor 0.02 Daily from B Universe “The Best Company in the Oil & Gas Ca
Slide 28: 1H23 Result Key Takeaways
Overall 1h23 performance is still on track Chemical and Petroleum Segment will grow align with government push to manufacturing & Mineral Downstreaming 1H23 Result Championing Manufacturing investments by developing World class Integrated Industrial and Key Port Estate - JIIPE SEZ Takeaways Retail F
Slide 29: Thank You
THANK YOU Contact Details: Corporate Secretary corporate.secretary@akr.co.id Investor Relation ir@akr.co.id AKR Tower Jl. Panjang No.5 Kebon Jeruk Jakarta Barat 11530 Indonesia http://www.akr.co.id/