Pt Samator Indo Gas Tbk · IDX:AGII
Pt Samator Indo Gas Tbk — PT Aneka Gas Industri — FY2019 Earnings Presentation
39 slides from Pt Samator Indo Gas Tbk's earnings presentation, May 2020
Slide 1: Management Presentation Full Year Results 2019
Management Presentation Full Year Results 2019 Published May 2020
Slide 2: Table of Contents
Table of Contents Company Overview Page Business Updates Page Philosophy 6 Key Updates 23 Milestones 7 Awards 24 Company Highlights 8 Industry Outlook: GDP vs AGII 25 Products & Services 9 Industry Outlook: Southeast Asia Market 26 Business Strategy 12 Competitive Advantages Page Financial Performan
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by PT Aneka Gas Industri Tbk (“AGII”) and is circulated for the purpose of general information only and it is not intended for any specific person. All opinions and estimations included in this presentation constitute our judgment as of this date and are
Slide 4: Contents
Contents 01 Company Overview 02 Competitive Advantages 03 Business Updates 04 Financial Performance FROM EVERYWHERE Full Year Results 2019 4 IN EVERYTHING
Slide 5: Contents: Company Overview
Contents 01 Company Overview 02 Competitive Advantages 03 Business Updates 04 Financial Performance FROM EVERYWHERE Full Year Results 2019 5 IN EVERYTHING
Slide 6: Philosophy
Philosophy • fadf Vision Mission Mission Values -Values PRIDE - PRIDE Top Five Priorities Top 5 Priorities To be the most desirable 1. Give the best for the • Professionalism • Human Capital company that continuously stakeholder • Righteousness Development grows and expands by 2. Integrity and commi
Slide 7: Milestones
Milestones 1916 1924 1958 1971 1996 2004 2008 2010-2015 2016 2017 2018 2019 NV WA Hoek NV Javasche Both PN Zatas and A portion of SAMATOR AGI issued AGII had AGI became AGII issued AGII acquired National Machine en Koelzoor companies PN Asam AGI shares (Domestically 1st Bond & rapid the 1st public s
Slide 8: Company Highlights
Company Highlights Business Overview Revenue Contribution ▪ Own 44 plants and 104 filling stations in 26 provinces across Indonesia as of 31 Dec 2019 FY2015-FY2018 CAGR +13.3% YoY g +6.3% ▪ Engage in 4 (four) business lines • Industrial gas production; • Industrial gas trading; Gas products on • Indu
Slide 9: Products and Services
Products and Services Oxygen* Sulphur Helium Hexafluoride Neon Nitrogen* Sterilization* Krypton Argon* Ammonia Xenon Refrigerant Gas Air Gas Specialty gas Rare gas Hydrogen* CNG Mixed Gas Liquid Propane Acetylene* Environmental Natural Gas Carbon Dioxide* Calibration Gas Liquid Petroleum Carbon Monox
Slide 10: Industrial Gas Application
Industrial Gas Application Type of Gas Selected Applications Production Process Oxygen • Medical services such as for respiratory support purposes • Metal fabrication • Steel manufacturing • Live fishery Nitrogen • Food industry for IQF (Individual Quick Frozen) Atmospheric air is separated in an Air
Slide 11: Distribution Method
Distribution Method On Cylinder Site Plant (Packaged) Pipeline Bulk FROM EVERYWHERE Full Year Results 2019 11 IN EVERYTHING
Slide 12: Business Strategy
Business Strategy Operation 1 Continue business development Integrated Monitoring in ecosystem & strengthen Services › Use real-time online monitoring competitive advantages platform for production & storage › Expand Medical Equipment facilities developed by 3rd party Trading & Medical Installation
Slide 13: Contents: Competitive Advantages
Contents 01 Company Overview 02 Competitive Advantages 03 Business Updates 04 Financial Performance FROM EVERYWHERE Full Year Results 2019 13 IN EVERYTHING
Slide 14: Competitive Advantages
Competitive Advantages 01 The First and Largest Industrial Gas Company 02 Market Leader in Medical Gas Sector 03 Well-diversified End Customer Base 04 Nationwide Distribution Network 05 Integrated Operational Activity 06 International Network 07 Experienced Management FROM EVERYWHERE Full Year Result
Slide 15: The First and Largest Industrial Gas Company
1. The First and Largest Industrial Gas Company Largest Market Share* by Revenue Industrial Gas Market Share in Indonesia AGII is pioneer and market leader of the nation’s industrial gas business ✔ Together with Samator Group (parent company), AGII holds a total 2018 market share of 38% as of FY2018
Slide 16: Market Leader in Medical Gas Sector
2. Market Leader in Medical Gas Sector Providing Total Customer Solution to Healthcare Clients Medical Gas & Respiratory Medical Gas Equipment & Installation System Total Customer Solutions For Healthcare Establishments • AGII not only provides medical gas, but also provides medical equipment as wel
Slide 17: Well-Diversified End Customer Base
3. Well-Diversified End Customer Base Not one sector contributes larger than 30% of revenue* Retail Medical Consumer Goods Infrastructure Other Manufacturing Workshop Hospitals Carbonation Aquaculture Steel Production Refining Home Industry MRI Freezing Inerting Stainless Steel Natural Gas Fracking An
Slide 18: Nationwide Distribution Network
4. Nationwide Distribution Network Ensuring On-Time Supply Continuity Strategy Result Support Build plants and filling stations The largest distribution network with The largest transportation fleet in the industry in the proximity of its customers 44 plants (Air Separation Plants & others) & 104 fi
Slide 19: Integrated Operational Activity
5. Integrated Operational Activity Advantage in Operational Management Raw Material Procurement Processing Distribution Consumer Cylinder/ Air Packaged Air Gas (O2, N2, Ar) Supporting Supplier Materials Processing Retail Road Tankers Plant Medical Synthetic Gas Supporting Supplier Consumer Goods (C2
Slide 20: International Network
6. International Network Access to Key Providers in Industrial and Healthcare Equipment › Managed under Samator Group Samator Group › Access to Key Multinational Players › Enables wider range of Air Water Inc. Tomoe Shokai Co, Ltd Taiyo Nippon Sanso Corp. and National Oxygen Pte. Ltd. solutions for
Slide 21: Experienced Management
7. Experienced Management Average 30+ Years of Industry Experience Board of Commissioner Board of Directors Arief Harsono Rasid Harsono Rachmat Harsono Ferryawan Utomo President Commissioner Vice President Commissioner President Director Vice President Director Chairman of Samator Group Joined 2006
Slide 22: Contents: Business Updates
Contents 01 Company Overview 02 Competitive Advantages 03 Business Updates 04 Financial Performance FROM EVERYWHERE Full Year Results 2019 22 IN EVERYTHING
Slide 23: Key Updates
Key Updates Received Supplier Quality Excellence Award from One of the most prestigious awards given to companies that have met Coca-Cola Amatil Indonesia (CCAI) or exceeded a very stringent set of quality performance criteria A sales-driven initiative aimed to Participated in Indonesia Gas Summit &
Slide 24: Awards & Events
Awards & Events MoU Signing with ITB (Institut Teknologi Bandung)* Best Vendor 2018 Material – Pertamina Drilling Supplier Quality Excellence – Coca Cola Amatil Image Source : https://www.itb.ac.id/ FROM EVERYWHERE Full Year Results 2019 24 IN EVERYTHING
Slide 25: Industry Outlook: GDP versus AGII
Industry Outlook GDP versus AGII › From 2016-2019, AGII sales on average grew 2x (twice) domestic GDP growth % › An economic and/or sectoral boost will increase the possibility of an accelerated in company growth – and vice versa › Early FY2020, the Indonesian Central Bank projects approximately 5%
Slide 26: Industry Outlook: Southeast Asia Market
Industry Outlook Southeast Asia Market* Market Size per FY2018 Market Forecast Myanmar An estimated total of Vietnam USD 37.4 Mil USD 3.54 Billion USD 206 Mil Thailand Philippines USD 849 Mil USD 356 Mil Malaysia Indonesia USD 632 Mil USD 465 Mil Singapore USD 997 Mil *Source: Gasworld Business Inte
Slide 27: Shelf Registration Information
Shelf Registration Information Fixed-Coupon Bonds Sukuk Ijarah Issuer PT Aneka Gas Industri Tbk Listed Indonesia Stock Exchange Corporate rating Bonds and the Sukuk are both rated A-(idn) by Fitch Purpose Refinancing Maturity (years) 3 5 3 5 Listing date 6 June 2017 1st tranche of 310 (IDR billion) 4
Slide 28: Contents: Financial Performance
Contents 01 Company Overview 02 Competitive Advantages 03 Business Updates 04 Financial Performance FROM EVERYWHERE Full Year Results 2019 28 IN EVERYTHING
Slide 29: Financial Highlights
Financial Highlights • Exposed to various industries, including Food & Beverage, Light, Healthcare, Retail, Energy, Well-Diversified Risk Consumer Goods, Oil & Gas, Petrochemical & Many More • 45% - 50% Gross Margin Sustained Profitability • 18% - 20% EBIT Margin • 30% - 35% EBITDA Margin Stable Gro
Slide 30: Financial Performance
Financial Performance Revenue in IDR Billion Gas Sales Volume in Cubic Meter FY2015-FY2018 CAGR +13.3% YoY g +6.3% FY2015-FY2018 CAGR +11.5% YoY g -3.1% Cost Composition in IDR Billion Revenue by Product in IDR Billion FY2015-FY2018 CAGR +12.4% YoY g +7.1% Gas Products CAGR FY15-18 +12.7% YoY g +8.0
Slide 31: Financial Performance: Revenue by Sector and Mode of Supply
Financial Performance Revenue by Sector (in IDR Billion) Revenue by Mode of Supply (in IDR Billion) FROM EVERYWHERE Full Year Results 2019 31 IN EVERYTHING
Slide 32: Financial Performance: Revenue Growth and Contribution
Financial Performance Revenue Growth by Sector Revenue Contribution by Sector Revenue Growth by Mode of Supply Revenue Contribution by Mode of Supply FROM EVERYWHERE Full Year Results 2019 32 IN EVERYTHING
Slide 33: Financial Performance: Profit, EBIT, EBITDA
Financial Performance Gross Profit Profit Attributable to Owners of Entity FY2015-FY2018 CAGR +14.9% YoY g +6.2% FY2015-FY2018 CAGR +33.1% YoY g +1.2% EBIT EBITDA FY2015-FY2018 CAGR +13.0% YoY g +4.5% FY2015-FY2018 CAGR +13.2% YoY g +5.8% FROM EVERYWHERE Full Year Results 2019 33 IN EVERYTHING
Slide 34: Financial Performance: Assets, Liabilities & Equities
Financial Performance Assets, Liabilities & Equities in IDR Billion Assets in IDR Billion FY2015-FY2018 CAGR +10.3% YoY g +5.6% Liabilities in IDR Billion Equities in IDR Billion FY2015-FY2018 CAGR +4.4% YoY g +6.3% FY2015-FY2018 CAGR +22.4% YoY g +4.9% FROM EVERYWHERE Full Year Results 2019 34 IN E
Slide 35: Quarterly Trends: Revenue
Quarterly Trends Revenue › Since 2017, the company on average booked 52%-53% of sales on 2nd half › Each year, sales continue to grow positively as targeted › In Q4 2019, GDP growth slowed down to slightly less than 5% - caused by various sectors, including Basic Metals and Mining › The slowdown the
Slide 36: Quarterly Trends: EBITDA & Net Income
Quarterly Trends EBITDA & Net Income Quarterly Margins Quarterly Margins FROM EVERYWHERE Full Year Results 2019 36 IN EVERYTHING
Slide 37: Key Financial Ratios
Key Financial Ratios 12M2016 12M2017 12M2018 12M2019 Profitability Gross Profit Margin % 46.24 45.78 45.33 45.28 Earning Before Interest & Tax (EBIT) Margin % 21.54 20.67 18.78 18.47 Earning Before Interest, Tax Depreciation & Amortization (EBITDA) Margin % 33.77 33.22 31.25 31.11 Net Income Margin fo
Slide 38: Analyst Estimates
Analyst Estimates FROM EVERYWHERE Full Year Results 2019 38 IN EVERYTHING
Slide 39: Thank You
Thank You Contact us Investor Relations PT Aneka Gas Industri Tbk (Head Office) UGM Samator Pendidikan Building, Tower A, 5th Floor Jl. Dr. Sahardjo No. 83, Manggarai, Tebet Jakarta Selatan 12850, Indonesia Phone : +62 21 8370 9111 ext 155 Fax : +62 21 8370 9111 Website : www.anekagas.com