Pt Sri Rejeki Isman Tbk · IDX:SRIL
Pt Sri Rejeki Isman Tbk — Q1 2020 Earnings Presentation
24 slides from Pt Sri Rejeki Isman Tbk's earnings presentation, May 2020
Slide 1: Management Presentation: Financial Statements 31 March 2020
MANAGEMENT PRESENTATION FINANCIAL STATEMENTS 31 March 2020 May 2020
Slide 2: 2020 Priorities
1. 2020 PRIORITIES 1
Slide 3: 2020 Priorities in Light of COVID-19
2020 PRIORITIES IN LIGHT OF COVID-19 5 Government Support Human Resources 1 • Textile manufacturing as • Health & Safety is priority #1 “essential” industry • Regular temperature screening • Letter from Ministry to maintain • Physical distancing operation • Personal hygiene • Government tax stimulus
Slide 4: 2020 Priorities in Light of COVID-19: Human Resources
2020 PRIORITIES IN LIGHT OF COVID-19 The COVID-19 outbreak is causing widespread concern and economic hardship for consumers, businesses and communities across the globe. As the pandemic continues to evolve, we will continue to assess and monitor the situation and make adjustments to our operations
Slide 5: 2020 Priorities in Light of COVID-19: Product Mix and Marketing
2020 PRIORITIES IN LIGHT OF COVID-19 Current situation: • No cancelled purchase orders thus far but product mix has evolved in light of weakened demand from export-based retail customers • Uniforms (corporate and military) segment remains ongoing as per norm • Commenced production of protective fa
Slide 6: 2020 Priorities in Light of COVID-19: Production and Procurement
2020 PRIORITIES IN LIGHT OF COVID-19 Current situation: • Factory operations remain ongoing • No layoffs of staff to date PRODUCTION • Spinning, weaving and finishing facilities are highly automated • Currently experiencing longer lead time for raw material imports AND • Supply of rayon affected d
Slide 7: 1Q2020 Performance
A Financial summary 2. B Sales and COGS 1Q2020 PERFORMANCE C Balance sheet D Credit metrics and debt maturity 6
Slide 8: Financial Summary
A. FINANCIAL SUMMARY SALES GROSS PROFIT AND GROSS PROFIT MARGIN (USD.Mn) (USD.Mn) 235 1,182 1,034 171 184 759 22.55% 17.77% 19.91% 20.45% 18.65% 317 317 65 59 2017 2018 2019 1Q2019 1Q2020 2017 2018 2019 1Q2019 1Q2020 NET PROFIT AND NET PROFIT MARGIN (USD.Mn) 84.6 87.7 68.0 8.96% 8.18% 8.85% 8.91% 7.
Slide 9: Sales and COGS
B. SALES AND COGS SALES COST OF GOODS SOLD (USD.Mn) 1Q2019 1Q2020 (USD.Mn) 1Q2019 1Q2020 4 Raw materials used 201.3 206.2 Export Direct labor 14.0 15.0 Yarn 78.0 77.7 5 Factory overhead 33.8 38.4 Fabric 50.4 48.7 Electricity and water 15.5 16.9 Garment 50.4 50.2 Depreciation 10.1 11.5 Greige 12.4 12
Slide 10: Balance Sheet
C. BALANCE SHEET TOTAL ASSETS CASH AND CASH EQUIVALENTS (USD.Mn) (USD.Mn) 1,559 1,586 1,364 168 1,193 160 127 128 2017 2018 2019 1Q2020 2017 2018 2019 1Q2020 TOTAL EQUITY TOTAL INTEREST BEARING DEBT (USD.Mn) (USD.Mn) 855 874 593 622 721 516 654 442 2017 2018 2019 1Q2020 2017 2018 2019 1Q2020 9
Slide 11: Credit Metrics
D. CREDIT METRICS TOTAL INTEREST BEARING DEBT / TOTAL ASSETS 55% 53% 55% 55% 2017 2018 2019 1Q2020 LEVERAGE MULTIPLES Interest Bearing Debt / EBITDA Net Debt / EBITDA 4.0x 3.8x 3.8x (1) 3.6x 3.2x 3.1x 2.9x 3.1x (1) 2017 2018 2019 1Q2020 2017 2018 2019 1Q2020 (1) Based on LTM EBITDA as of 31 Mar 2020
Slide 12: Debt Maturity Profile
D. DEBT MATURITY PROFILE (USD.Mn) 350 225 350 152 116 225 40 8 150 33 68 3 25 8 3 2 2020E 2021E 2022E 2023E 2024E 2025E Short-term bank loans Long-term bank loans Syndicated loan Medium Term Notes • No significant debt maturities in the near term, with the closest one being the syndicated loan facil
Slide 13: Appendix
Appendix 12
Slide 14: COVID-19 Products
COVID-19 PRODUCTS NON MEDICAL MASK ‘ANTIMICROBIAL & WATER RESISTANT SAFE & COMFORTABLE MICROBIAL WATER RESISTANT OFFICIAL PRICE x RP 5.500 WASH WITH NO aan Inclusive of tax 40°C HEAT BLEACHING HEAT IRON min 1.000 pes ORDER FORM : LEARN MORE ABOUT US . www.sritex.co.id 13
Slide 15: COVID-19 Products
COVID-19 PRODUCT Aman dan nyaman digunakan Sj ANTI MICROBIAL Menjadi penghalang benda-benda terinfeksi, \@e _ bakteri virus dan mikroorganisme, yy OANTIAIR “F) — Memproteksi pemakai dari percikan WZ cairan dengan partike! kecil dan tekanan tinggi (qf DAPAT DICUC! 4 DIGUNAKAN (CU remaeuxPrn” RP, 6.50
Slide 16: COVID-19 Products
COVID-19 PRODUCTS SUMMARY OF PROTECTION / PERFORMANCE 3 PT Sw Rejoki laman Tos TYPE OF HAZARD APPLICATION/PERFORMANCE COMMENT se ANTI MICROBIAL Non Hazardous Liquid Splash Hazardous Dust/Fibers Limited Protection Liquid Continuous Contact Liquid Continuous Immersion ‘Acid Alkali Non immersion seceee
Slide 17: COVID-19 Products
Personal protection coverall are designed for use A NTl M | CRO B IA iL PROTE CTl 0 N (i LOTH | NG by front-line medical professionals and people responding to infectious disease outbreak Hat require protection for tie Gset TYPICAL FABRIC CHARACTERISTICS : PHYSICAL TEST PARAMETER. TEST METHOD. RESUL
Slide 18: COVID-19 Products
COVID-19 PRODUCTS ia hica sides of assinsah PROTECTION CLOTHING FOR FRONTLINE MEDICAL /HEALTH /EMERGENCY RESPONSE PROFESSIONALS BARRIER AGAINST INFECTIOUS MATERIALS, BACTERIA, VIRUSES & OTHER MICROORGANISM. WATERPROOF FEATURES PROTECT THE USERS FROM. SPLASHES OF LIQUID WITH SMALL PARTICLES AND HIGH
Slide 19: COVID-19 PRODUCTS
ANTIMICROBIAL | Menjadi penghalang benda-benda terinfeksi, bakteri, virus dan mikroorganisme. _ WATER REPELLENT Memproteksi pemakai dari percikan cairan| dengan partikel kecil dan tekanan tingai. HARGA RESMI JU. /pe Termasuk PPN Min. 20 pieces (@ www.tokosritex.com PUTIH HITAM LEARN MORE ABOUT Us |
Slide 20: Contribution to Community
CONTRIBUTION TO COMMUNITY 19
Slide 21: Contribution to Community
CONTRIBUTION TO COMMUNITY 20
Slide 22: Contribution to Community
CONTRIBUTION TO COMMUNITY 21
Slide 23: Disclaimer
DISCLAIMER THIS PRESENTATION IS BEING PRESENTED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED, REDISTRIBUTED OR PASSED ON, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. This presentation has been prepared by PT Sri Rejeki Isman Tbk (th
Slide 24: Thank You
THANK YOU CLOTHING THE WORLD Integrated Vertical Textiles – Garments Plant an ISO 9001 & ISO 14001 Certified Company PT SRI REJEKI ISMAN Tbk JL. KH. Samanhudi 88 Jetis THE ENERGY BUILDING 20th SCBD Lot 11A Sukoharjo 57511, Solo Jl. Jenderal Sudirman Kav 52-53 Central Java – INDONESIA Jakarta Selatan