Pt Sri Rejeki Isman Tbk · IDX:SRIL

Pt Sri Rejeki Isman Tbk — Q1 2019 Earnings Presentation

30 slides from Pt Sri Rejeki Isman Tbk's earnings presentation, May 2019

  1. Slide 1: Management Presentation - Financial Statements 31 March 2019

    MANAGEMENT PRESENTATION FINANCIAL STATEMENTS 31 March 2019

  2. Slide 2: Table of Contents

    2 TABLE OF CONTENTS Company Overview Business Overview Strategy & Projection in 2019 Performance 1Q 2019

  3. Slide 3: Company Overview

    3 COMPANY OVERVIEW • A Leader in Southeast Asia’s Textile Industry 1 • Vertically Integrated Textile and Garment Company 2 • Strategic Locations 3 • Milestones 4 • Board of Commissioners and Directors 5 • Company Structure 6

  4. Slide 4: A Leader in Southeast Asia's Textile Industry

    4 A LEADER in SOUTHEAST ASIA’s TEXTILE INDUSTRY PT Sri Rejeki Isman Tbk (“Sritex“) is one of the largest vertically integrated textile companies in SE Asia, with operations across Spinning, Weaving, Finishing and Garment Manufacturing, located in Central Java, Indonesia. COMPANY OVERVIEW • One of th

  5. Slide 5: Vertically Integrated Textile & Garment Company

    VERTICALLY INTEGRATED TEXTILE 5 & GARMENT COMPANY UPSTREAM MIDSTREAM DOWNSTREAM RAW MATERIAL YARN GREIGE DYED FABRIC APPAREL RETAIL 60% RAYON SPINNING WEAVING FINISHING GARMENT 20% COTTON 20% WORLDWIDE 20% POLYSTER CAPACITY CAPACITY CAPACITY CAPACITY 180 Mn Meters/Year 240 Mn Yards/Year 30 Mn Pieces

  6. Slide 6: Strategic Locations

    6 STRATEGIC LOCATIONS SPD: Area~18ha Tanjung Emas International Port, Semarang BItraTex Area~23.74ha Primayudha Mandiri Jaya Area~22.07ha Sritex 2: Central Java, Indonesia Area~22.85ha Total Population: 35 Million peoples Total Area ~ 128.66ha Sritex 1: Area~42ha Unique competitive advantage through

  7. Slide 7: Milestones

    7 MILESTONES Present 2017 • Top 5 GCG issues in Textile and “Our company is growing rapidly from Garment Sector by Warta Ekonomi year to year with a strong Fundamental PT Sri Rejeki • The Best Blue 2017 Award from IDX • The Top 50 Company for 2018 – Isman Tbk • Most Powerfull Best of the best awards

  8. Slide 8: Board of Commissioners and Directors

    7 8 BOARD OF COMMISIONERS AND DIRECTORS BOARD OF COMMISIONERS BOARD OF DIRECTORS

  9. Slide 9: Company Structure

    9 COMPANY STRUCTURE FOUNDER PT HUDDLESTON PUBLIC *) SHARES INDONESIA 1.07% 59.03% 39.90% 99.996955% 99.99736% PT SRI REJEKI ISMAN TBK (SRIL-ID) PT BITRATEX PT PRIMAYUDHA INDUSTRIES MANDIRI JAYA 99.90% 0.00264% PT SINAR PANTJA DJAJA 0.003045% Indonesia Singapore 100.00% GOLDEN LEGACY PTE LTD 100.00%

  10. Slide 10: Business Overview

    10 BUSINESS OVERVIEW • Customers 1 • Competitors 2 • Textile Industry Overview 3

  11. Slide 11: Customers: Spinning and Weaving

    11 CUSTOMERS “Sritex has a broad and diversified network of customers both domestic and international level” YARN Sritex is a major supplier of high quality yarn for major textile customers globally. SPINNING GREIGE Sritex greige or raw fabric is renowned for its excellent standard and high quality.

  12. Slide 12: Finishing

    12 FABRIC Sritex high-quality fabric is both extremely Pan Brothers Tbk comfortable and classy. It is a reputable brand within a competitive fashion industry. FINISHING

  13. Slide 13: Garment: Fashion, Corporate and Military Uniforms

    13 Garment Fashion Uniform - Corporate Uniform - Military Sritex’s flexibility allows penetration into Sritex also manufactures uniforms for Sritex is a leading partner in supplying the international fashion market, with Indonesian companies, for work-wear military uniforms to more than 30 many lead

  14. Slide 14: Competitors

    14 COMPETITORS “Relative to its domestic competitor. Sritex is the market leader with FY 2018 US$ 1,003.9 Million” Sritex is in a fairly competitive position within the textile industry in Indonesia. According to the Indonesian Textile Association ("API"), the textile industry in Indonesia is still

  15. Slide 15: Textile Industry Overview

    15 TEXTILE INDUSTRY OVERVIEW “With the rising labor cost in China and labor issues in Bangladesh, Indonesia now becoming more favorable place for investment” Textile Export Market Share in 2017 Sales By Geographical Area Sales By Geographical Area FY 2018 1Q 2019 Global Market Share Market Share Chi

  16. Slide 16: Strategy & Projection in 2019

    16 STRATEGY & PROJECTION IN 2019 Normalization of New Production Production and Operational Effeciency Inovation for value added product development Development and enhancement for Human Resource Increase market share and economic of scale through opportunity in acquisition Strengthening the Capital

  17. Slide 17: Performance 1Q 2019

    17 PERFORMANCE 1Q 2019 • Financial Summary 1 • Balance Sheet 2 • Capital Structure 3 • COGS Composition in 1Q 2019 4 • Sales Segmentation 5

  18. Slide 18: Financial Summary

    18 FINANCIAL SUMMARY The increase in domestic and international sales had a positive impact on the company’s fast-growing profitability SALES GROSS PROFIT AND GROSS PROFIT MARGIN (USD.Mn) 759 (USD.Mn) 171 317 268 65 49 22.6% 18.2% 20.5% 2017 1Q 2018 1Q 2019 2017 1Q 2018 1Q 2019 NET PROFIT AND NET PR

  19. Slide 19: Balance Sheet

    19 BALANCE SHEET "The composition of the Company's balance sheet is getting stronger every year and this is expected to continue in the future“. TOTAL ASSETS CASH AND EQUIVALENT CASH (USD.Mn) (USD.Mn) 1,397 1,364 127 128 135 1,193 2017 2018 1Q 2019 2017 2018 1Q 2019 TOTAL EQUITY TOTAL INTEREST BEARI

  20. Slide 20: Capital Structure

    20 CAPITAL STRUCTURE TOTAL INTEREST BEARING DEBT / TOTAL ASSETS 60% 56% 50% 2017 2018 1Q 2019 LEVERAGE MULTIPLES Interest Bearing Debt / EBITDA Net Debt / EBITDA 4.0 4.1 3.8 3.4 3.2 3.1 2017 2018 1Q 2019 2017 2018 1Q 2019

  21. Slide 21: COGS Compositions in 1Q 2019

    21 COGS COMPOSITIONS IN 1Q 2019 Electricity & Others 4% Water 11% Depreciation Labour 6% 4% Raw Materials 75%

  22. Slide 22: Sales Segmentation

    22 SALES SEGMENTATION GPM by SEGMENT 2014-17 SALES CAGR Total Gross Sales contribution by Segment (2018) 1033 Garment Garment 245 +26,79% 30% (24%) (24%) 759 680 Finishing Finishing 631 199 250 +5,98% 174 (26%) 24% 136 (24%) (26%) (22%) 74 (7%) 194 Weaving 170 176 Weaving (27%) (26%) (26%) 317 -2,53

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    23

  24. Slide 24: Indo Defence Exhibition 2018

    INDO DEFENCE EXHIBITION 2018 24 Nov 7 – 10 2018 BY VICE PRESIDENT REPUBLIC OF INDONESIA

  25. Slide 25: Inauguration of Factory Expansion

    INAUGURATION OF FACTORY EXPANSION 25 SUKOHARJO, 21 APRIL 2017 BY PRESIDENT REPUBLIC OF INDONESIA

  26. Slide 26: Recently Acquired Companies

    26 Recently Acquired Companies BITRATEX Started since 1979, one of the leading manufacture and exporters of finest quality spurn yarn in Indonesia. Manufacturing plant is located in Semarang, Central Java. The Capacity is 165,000 spindle. 3 different yarn spinning technologies: - Ring Spinning - Ope

  27. Slide 27: Best Public Companies and Awards

    27 Top Most Influential Best Public Companies Category Miscellaneous Industry Top Emiten 2017 Company of the Years Textile and Garment Sector PPm SWA - 2018 Warta Ekonomi - 2018 Top Capital Market 2017 Best CEO The Best Issuer Most Powerful Company 2017 Top 5 GCG Bisnis Indonesia - 2018 Miscellaneou

  28. Slide 28: Recognition & Awards

    MUSEUM REKOR DUNIA MUSEUM REKOR DUNIA INDONESIA INDONESIA,

  29. Slide 29: Disclaimer

    29 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

  30. Slide 30: 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

PT Sri Rejeki Isman — Q1 2019 Earnings Presentation on 6ix