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

Pt Garuda Indonesia (persero) Tbk Class B — FY2019 Earnings Presentation

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

  1. Slide 1: Corporate Presentation Full Year 2019

    Corporate Presentation Full Year 2019 CONFIDENTIAL DRAFT

  2. Slide 2: Shares Information

    Shares Information 2CT Index = Last Price (L1)_ 6299.539, Dec 7 Jen Feb” Marr” May ind eg Nev Jen” Feb” Nar” Ar Mey” unl Sep ‘Oct Dec 207 | 2018 2019 | ‘IAA 1 Equity (Gora Indonesia Parsero Tok BT) GIAA vs 3Ck. Daily 0208C2017-23, Copyrighté 2020 Bloomberg Finance LP 08-Jan-2020 16:30:28 INIDICATOR

  3. Slide 3: Our Corporate Strategy

    Our Corporate Strategy O | Manage Domestic Fares & Production PROFITABILITY Enhance International Routes SERVICES Improve Interline Network Cargo Optimization

  4. Slide 4: Garuda's Strategy to Mitigate COVID-19 Pandemic

    Garuda’s Strategy to Mitigate COVID-19 Pandemic : The Management Actively Monitors and Exploring the Following Options to Anticipate the Significant Decline In The : Number of Passengers Resulting from the COVID-19 Pandemic. Short-Term : Revenue Enhancement : Cargo Revenue Enhancement to Combat the

  5. Slide 5: Operational Goals

    Operational Goals Domestic Market International Market Cost Management Capacity Adjustment CCK sents aap oo os Utilize the interline eee tl . : Network to fill Garuda Fares MAD wes sie ouaoy asta a aa Indonesia traffic in Management ane 1R7,508,800 international platform Sec, bees fe especially from

  6. Slide 6: Price Ceiling / Fares Comparison

    Fares Comparison Domestic Passenger Yield in the World FY 2019 USC Per Seatkm 20.2 20.1 13.0 12.3 11.2 10.7 Source: Bloomberg Data Per 12 Feb 2020 Aviation Tariff Regulation in Indonesia Price Ceiling Se Average Tariff Adjustment in 2019 Garuda Indonesia Citilink A25% A 40%

  7. Slide 7: To Manage Our Operational Expenses Through Capacity Adjustment

    To Manage Our Operational Expenses Through Capacity Adjustment ‘ Fuel Cost ianagemeenn (Contribute 28% Expenses \ \ Stable Jet Fuel Price Capacity Adjustment ————————$$ Hedging Policy ‘ Fleet Cost waneeer contribute 25% Expenses Extend Leasing Period SBLC Facilities Maintenance Reserve & Security De

  8. Slide 8: Fleet Plan 2020

    Fleet Plan 2020 Garuda Indonesia Garuda Indonesia 1 8738-800 NG Citilink 4 A330-900 Neo Citilink + 1 1330-900 Neo, 5 atr72-600 4. GSAvelN & 13 ATR72-600 shifting from GA Freighter Garuda Indonesia 2 B737 & 1 A330

  9. Slide 9: Passenger Tariff Adjustment

    Passenger Tariff Adjustment Passenger Yield 20.2% & 29.4% A 12% A 44.6% A 7 6.6 83 ® 77 61 53 61 FY 2018 FY 2018 FY 2018 Fy 2019 FY 2019 FY2018 ong FY 2019 Garuda Indonesia Garuda Indonesia Garuda Indonesia Citilink Group (USc) Domestic (USc) International (USc) (USc)

  10. Slide 10: Cargo Tariff Adjustment

    Cargo Tariff Adjustment Cargo Yield 47.7% A 70.2% A -12.5% W 136.2% A 86.9 112.0 29.7 43.8 511 7:5 “sy 47h FY 2018 FY 2018 FY 2019 FY 2018 FY 2019 FY 2019 FY 2018 FY 2019 Garuda Indonesia Garuda Indonesia Garuda Indonesia Citilink Group (USc) Domestic (USc) International (USc) (USc) 10

  11. Slide 11: Balancing Supply & Demand

    Balancing Supply & Demand Passenger & SLF In Million Passenger -17.0% W -18.6% W -9.2% W -17.6% W 38.4 oe) 18.9 (es 7 14.8 gj 12.2 FY2018 ony FY2018 ev oon9 FY2018 Ey 2019 FY 2018 Ey 2019 SLF Growth -1.0pp V 3.6pp A -0.7pp V -7.6pp V FY 2018 75.3 74.6 71.9 82.8 FY 2019 74.3 78.2 71.2 75.2 Garuda Ind

  12. Slide 12: Capacity Adjustment & Fuel Cost Management

    Capacity Adjustment & Fuel Cost Management YoY FY 2018 FY 2019 In Billion ASK -11.5% V -20.7% VW 5.6% W -8.5% W 64.5 27.8 22.3 WI le “ 57.1 26.2 FY 2018 FY 2019 FY 2018 Fy 2019 Fy 2018 FY 2019 FY 2018 Fy 2019 Fuel Burn (Million Liter) -14.1% V -221% WV -8.2% V -115% V 2,177.7 817.3 908.0 452.3 1,870

  13. Slide 13: Financial Performance

    Financial Performance Garuda Indonesia Group in Million USD 5.6% A 173.8% A 102.8% A 35.7% A 4,572.6 Urey 6° 1,439.2 4,330.4 FY 2019 FY 2019 i (199.1) (228.9) FY 2018 FY 2019 FY 2018 FY 2019 Operating Revenue Operating Income Net Income EBITDAR 13

  14. Slide 14: The Group's Fleet Structure

    The Group's Fleet Structure FINANCE AIRCRAFT TYPE LEASED/ 142 210 Garuda Garuda Indonesia Indonesia Group Airbu: Airbu: 68 Citilink

  15. Slide 15: Appendix

    Appendix

  16. Slide 16: Improves the Group's Profitability by 102.8% in 2019

    Improves the Group's Profitability by 102.8% in 2019 (currency in million USD, except stated otherwise) INDICATOR 4Q YoY (%) 12M 2018 12M 2019 YoY (%)| REVENUES Scheduled Airline 962.1 77 1.6 3,529.3 37734 6.9 Non-Scheduled Airline 12.1 (0.0) -¥ (100.1) 266.9 2499 Ww (64) Others 136.3 54.4 ¥ (60.1)

  17. Slide 17: Audit Adjustments in the Year 2019

    Audit Adjustments in the Year 2019 Audit Adjustments In The Year 2019 Related To The Following: 1. Amendment PSAK 1 “Presentation of Financial Statements” 2. Amendment PSAK 25 “Accounting Policies, Changes in Accounting Estimates and Errors” 3. Amendment PSAK 48 “The Impairment of Asset Value” 4, Am

  18. Slide 18: The Group Continuously Maintains Yields in Positive Moves

    The Group Continuously Maintains Yields in Positive Moves (currency in million USD, except stated otherwise) INDICATOR 4Q 2018 4Q 2019 % YOY 12M 2018 12M 2019 % YOY! OPERATIONAL Utilization (Hour) 9:16 7:23 Vv -1:53 9:35 7:42 vo A153 On-Time Performance (%) 86.8 87.8 A 1.0pp 89.0 91.2 A 22pp ASK (Bi

  19. Slide 19: Both Domestic and International Segments' Yields are Improved

    Both Domestic and International Segments’ Yields are Improved Note: All numbers and figures represent only for Garuda Indonesia (Main Brand) INDICATOR 4Q 2018 4Q 2019 % YOY 12M 2018 12M 2019 %YO DOMESTIC Passenger Carried (Million) 4.6 42 v (8.5) 18.9 15.4 Vv (18.6) ASK (Billion) 5.4 47 yw (125) 22.

  20. Slide 20: The Yields Become 'Key Driver' of The Group's Performance

    The Yields Become ‘Key Driver” of The Group’s Performance INDICATOR 4Q 2018 4Q 2019 % YOY 12M 2018 12M 2019 % YOY! GARUDA INDONESIA Passenger Carried (Million) 5.9 5.3 vw (10.5) 23.6 19.7 Vv (16.7) ASK (Billion) 13.0 107 Vv (18.2) 50.1 43.9 Vv (123) Seat Load Factor (%) 72.7 78.8 A 6.1pp 73.1 74.0 A

  21. Slide 21: Equity Improves by 12.6% YoY; Net Debt/EBITDAR Ratio Improves to 6.5 Times

    Equity Improves by 12.6% YoY; Net Debt/EBITDAR Ratio Improves to be 6.5 Times INDICATOR ASSETS Current Assets Non-Current Assets Total Assets LIABILITIES Current Liabilities Non-Current Liabilities Total Liabilities EQUITY Total Equity Total Liabilities & Equity Net Debt/EBITDAR 4Q 2018 1,079.9 3,07

  22. Slide 22: Managing Our Liquidity With Positive Operating Cash USD513.1 Million

    Managing Our Liquidity With Positive Operating Cash USD513.1 Million (currency in million USD, except stated otherwise) INDICAT! YoY (% 12M 2018 12M 20 YoY (%)| CASH FLOW Operating Activities 116.7 A 138.6 28.3 513.1 A 1,710.3 Investing Activities (209.0) A 4,657.9 (300.2) (317.4) a 57 Financing Act

  23. Slide 23: Our Net Gearing Becomes Better With Ratio 2.1 Times

    Our Net Gearing Becomes Better With Ratio 2.1 Times (currency in million USD, except stated otherwise) SE bo a INDICATOR FINANCIAL DEBT Short Term Debt 1,047.1 984.9 Factoring Liabilities 109.8 54.6 CPLTD 25.5 141.8 Bonds/Sukuk 496.8 499.0 Asset-Backed Securitisation Loan 24,9 25.9 Total Short Term

  24. Slide 24: 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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