Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — Garuda Indonesia — Q1 2011 Earnings Presentation
29 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, May 2, 2011
Slide 1: Garuda Indonesia 1Q-11 Quarterly Report
Analyst Presentation 2 May 2011 Garuda Indonesia 1Q-11 Quarterly Report 1
Slide 2: Today's Presenters from Garuda Indonesia
Today’s Presenters from Garuda Indonesia EMIRSYAH SATAR/PRES & CEO Appointed as President and CEO of Garuda Indonesia in 2005 Previously held various key managerial positions at Bank Danamon, Citibank, Jan Darmadi Group, Niaga Factoring Corp. and Niaga Finance More than 9 years of airline indu
Slide 3: Agenda
Agenda Garuda Indonesia in Brief Section 1 Section 2 Quantum Leap Performance 2011 Section 3 Business Result 1Q-2011 Section 4 Appendix- Additional Information 3
Slide 4: 1. Garuda Indonesia in brief
ae 1. Garuda Indonesia in brie
Slide 5: Board Of Directors
Board Of Directors Achirina Emirsyah Satar Agus Priyanto EVP Strategy, Business President and CEO EVP Services Development & Risk Management Elisa Lumbantoruan Capt. Ari Sapari Hadinoto Soedigno Group CFO and EVP Operations EVP Maintenance EVP Finance & Fleet Management 5
Slide 6: Board of Management as of March 31, 2011
Board of Management as of March 31, 2011 Emirsyah Satar President & CEO Elisa Lumbantoruan EVP Finance Achirina EVP Strategy, Business Development & Risk Management Capt. Ari Sapari EVP Operations Agus Priyanto EVP Services Hadinoto Soedigno EVP Maintenance & Fleet Management Heriyanto Agung Putra A
Slide 7: Garuda Indonesia Group
Garuda Indonesia Group PT Aero System Indonesia (IT Comm) PT GMF AeroAsia Employees: 97 (Maintenance, Repair & Overhaul) Employees: 2,373 GITC (Training) PT Aerowisata (Hotel, Catering, Tours & Travel, Transportation) PT Gapura Angkasa Employees: 6,617 (Ground Handling) Employee: 2,250 Employees: 5,
Slide 8: Garuda Indonesia Group (Ownership)
Garuda Indonesia Group (Ownership) Angkasa Pura I & II Government of Public/Listed Indonesia 2.88% 69.14% 27.98% Consolidated 99.99% 99.99% 99.99% 99.99% 95.00% 37.50% 4.21% 17.65% PT Garuda PT Aero PT Aero PT Citilink PT Abacus PT Gapura PT Merpati Papas Ltd Abacus Maintenance System Wisata Distrib
Slide 9: Restructuring and Transformation
Restructuring and Transformation 2011 and beyond Quantum Leap: Increasing revenue and margins driven by rejuvenating Mainbrand fleet and growth of Citilink Sustainable 2010 Growth US$2.1 billion Revenue US$57 million 2010+ Net Income Quantum Leap 2009 2008 2009 Start of Competitiveness US$2.0 bi
Slide 10: Awards and Accolades
Awards and Accolades Increasing Awards and Recognition International 2010 2008 - 2010 2010 Best Corporate Airline Turnaround of World’s Most Improved Airline Image 2010 the Year “4 Star Airline” Skytrax IMAC and Centre for Asia Bloomberg Skytrax Pacific Aviation Businessweek (CAPA) Domestic 2010 201
Slide 11: Quantum Leap – Strategies to Drive Growth
Quantum Leap – 7 Strategies to Drive Growth Management focus on implementing the “Quantum Leap” with 7 main strategies to expand and dominate the Indonesian aviation market. 1 2 Domestic International Grow and dominate Enormous upside full-service potential 7 3 Human Capital LCC Right quality and Ci
Slide 12: 2. Quantum Leap Performance on 1Q-2011
2. Quantum Leap Performance on 1Q-2011
Slide 13: Domestic: Grow and Dominate Full-Service
1 Domestic : Grow and Dominate Full-Service Domestic as of 31 March 2011 Domestic Indicator as of 31 March 2010/2011 1Q-2010 1Q-2011 ∆% Banda Aceh Medan Source: Ministry of Transport, IATA PaxIS and Company. Batam Manado Note: Flights per week, routes and destinations data as of December 2010. Pakan
Slide 14: International: Enormous Upside Potential
2 International: Enormous Upside Potential International as of 31 March 2011 International Indicator as of 31 March 2010/2011 Amsterdam 1Q-2010 1Q-2011 ∆% Beijing ASK (‘000) 2,762,644 3,925,747 42.1 SeoulNagoya Shanghai Tokyo Osaka RPK (‘000) 1,868,459 2,750,339 47.2 Jeddah Dubai Guangzhou Hong Kong
Slide 15: LCC: Citilink to address LCC opportunity
3 LCC: Citilink to address LCC opportunity Citilink Domestic Destinations Citilink Indicator as of 31 March 2010/2011 1Q-2010 1Q-2011 ∆% Medan Source: Ministry of Transport, IATA PaxIS and Company. Batam Note: Flightsof Number per ACweek, routes and destinations 4 data as of December 8 2010. 100.0 B
Slide 16: Fleet: Expansion and Rejuvenation of Fleet
4 Fleet: Expansion and Rejuvenation of Fleet 1Q-2010 1Q-2011 # of Aircraft Fleet at 31 March 2010 73 Narrow Body 57 63 IN: Delivery of: +21 • B737-300 10 7 B737-800 20 • B737-400 19 8 A330-200 1 • B737-500 5 5 OUT: -9 • B737-800 NG 23 43 Redelivery to Lessor 6 Wide Body 13 14 Sold-out (B737-
Slide 17: Brand: the Garuda Indonesia Experience
5 Brand: the “Garuda Indonesia Experience” Average Fleet Age as of 31 March 2011 Decreasing Average Age Cathay Pacific 11.8 years Malaysia Airlines (Average age) 12.0 11.0 years Garuda 11.1 Indonesia 10.4 7.92 years 8.2 7.92 Singapore Airlines 4.6 years 2007 2008 2009 2010 2011 2012 2013 2014 2015 S
Slide 18: Cost Discipline
6 Cost Discipline 1Q-2011 OPEX – Top 10 CASK (US¢) 1Q-2010 PoT 1Q-2011 PoT ∆% Jet Fuel 51.3 66.0 62,0 83.2 (Usc/liter) Fuel 1,128.4 29% 1,959.0 36% 73.6 Fuel Burn Rental & Charter 399.0 10% 629.6 12% 57.8 0.45 0.43 0.45 0.42 (liter/ATK) Flight Ticketing, 354.1 9% 547.2 10% 54.6 Sales,Promo General &
Slide 19: Human Capital
7 Human Capital T PERFORMANCE BASED Recruitment H Compensati R on Benefit U M Learning & Working Developmen I t Environment X Talent Management Our Values Meritocracy, Market, Capa Efficient and effective bility Loyalty Customer Centricity Development Honesty and Openness Award : Employer O
Slide 20: 3. Business Results 1Q-2011
a — 3, Business Results 1@-2077
Slide 21: Financial Summary – Group Company
Financial Summary – Group Company IDR Billion 1Q-2010 1Q-2011 ∆% Total Revenue 3,467.5 5,189.3 49.7 Total Expenses 3,828.8 5,448.0 42.3 Fuel 1,128.4 1,959.0 73.6 Rental & Charter Flight Equip Exp 399.0 629.6 57.8 Ticketing, Sales, Promotion 354.1 547.2 54.6 Others 1,947.4 2,312.2 18.5 Ops Income (36
Slide 22: Financials Summary – Group Company
Financials Summary – Group Company IDR Billion 1Q-2010 1Q-2011 ∆% Cash/Cash Equivalents at Beginning of The Year 1,652 1,177 -28.7 •Operating Activities (49) 107 NA •Investing Activities (46) (301) -559.9 •Financing Activities (329) 2,895 NA •Net Increase (Decrease) in Cash/Cash Equivalents (424) 2,
Slide 23: Financial & Operating Indicators
Financial & Operating Indicators 1Q-2010 1Q-2011 ∆% Aircraft Utilization (Hours) 8:44 10:04 15.3 Frequencies 23,162 28,952 25.0 On Time Performance 87.8% 88.8% 1.1 Passenger Carried 2,502,763 3,676,596 42.3 ASK (’000) 5,248,779 7,352,122 40.1 RPK (‘000) 3,521,127 5,270,523 49.7 Seat Load Factor 67.1
Slide 24: Summary of Subsidiaries Performance
Summary of Subsidiaries Performance PT Aero Wisata Financial as of 31 March 2011 PT Aero System Financial as of 31 March 2011 1Q-2010 1Q-2011 ∆% 1Q-2010 1Q-2011 ∆% Operating Income 12,453 13,386 7.5 Operating Income 285 -119 -141.7 Net Income 13.160 6,219 -52.7 Net Income 941 (5,536) -688.2 EBITDA 2
Slide 25: Thank You
PT Garuda Indonesia (Persero) Tbk Investor Relation Department 2nd Floor Management Building Garuda City Center Soekarno Hatta International Airport Phone: 62-21-2560 1201 Email : investor@garuda-indonesia.com Thank You
Slide 26: 4. Appendix-Additional Information
4. Appendix-Additional Information
Slide 27: Glossary of Terms
Glossary of Terms •Airline Demand RPK = Revenue Passenger Kilometers •One paying passenger transported 1 kilometer Yield = Passenger Revenue per RPK •Average fare paid by passengers, per kilometer flown •Airline Supply ASK = Available Seat Kilometers •One aircraft seat flown 1 kilometer Unit Cost =
Slide 28: Glossary of Terms
Glossary of Terms Example: • A 200-seat aircraft flies 1000 kilometers, with 140 passengers: •RPK = 140 passengers X 1000 kilometers = 140,000 •ASK = 200 seats X 1000 kilometers = 200,000 •Assume total revenue = $16,000; total operating expense = $15,000: •Yield = $16,000 / 140,000 RPK = $0.1 14 per
Slide 29: Glossary of Terms
Glossary of Terms Available Seat Kilometers The ASK is a standard measure of available passenger capacity. The ratio is calculated by multiplying seating (ASK) capacity and the route distance. For example a Boeing 747-400 with 400 seat capacity flying 6,000 km on a regular weekly flight will generat