PT Hanjaya Mandala Sampoerna Tbk · IDX:HMSP
PT Hanjaya Mandala Sampoerna Tbk — Q1 2016 Earnings Presentation
23 slides from PT Hanjaya Mandala Sampoerna Tbk's earnings presentation, Apr 27, 2016
Slide 1: Public Expose
An affiliate of Philip Morris International Public Expose Soehanna Hall - The Energy Building Jakarta April 27, 2016
Slide 2: Forward-Looking and Cautionary Statements
Forward-Looking and Cautionary Statements This presentation has been prepared by the management of PT Hanjaya Mandala Sampoerna Tbk. (“HMS”) solely for use in connection with the presentation to analyst and the public during the Public Expose and does not constitute or form part of an offer, solic
Slide 3: Sound Performance in Challenging Environment
Sound Performance in Challenging Environment Solid financial results Total cigarette market decreased by 5.9% in Q1-2016 – Soft economy – Excise tax driven price increases Sampoerna retains industry leadership position 3
Slide 4: Growing Net Revenues
Growing Net Revenues Net Revenues Excluding Excise Tax and VAT (in trillion Rupiah) Variance +8.9% 42.1 Variance +2.5% 38.7 10.4 10.1 2014 2015 Q1 2015 Q1 2016 4 Source: Company Financials
Slide 5: Increasing Profitability
Increasing Profitability Gross Profit, EBITDA and Net Profit (in trillion Rupiah) Variance Gross Profit = +6.2% EBITDA = +2.4% Variance Net Profit = +1.8% Gross Profit = +3.4% EBITDA = +0.7% Net Profit = +7.6% 21.8 20.5 5.7 5.5 14.4 14.7 4.1 4.1 3.1 10.2 10.4 2.9 2014 2015 Q1 2015 Q1 2016 Gross Prof
Slide 6: Solid EPS Growth
Solid EPS Growth Earnings per Share (EPS) (in Rupiah) Variance +0.9% 2,326 Variance +2.0% 2,306 670 657 2014 2015 Q1-2015 Q1-2016 Source: PT HM Sampoerna Tbk. 2015 and Q1 2016 Consolidated Financial Statements 6 Earnings per Share in 2014 and Q1 2015 have been restated to reflect Limited Public Offe
Slide 7: Maximizing Shareholder Returns
Maximizing Shareholder Returns Dividends Paid Out During the Year (in trillion Rupiah) Dividend payout 98.4% 120.3% 99.9% ratio 12.3 10.7 10.4 2014 2015 2016 Source: Company Financials Dividend payout ratio is calculated as current year‘s declared payment of dividends / previous year’s net profit as
Slide 8: Indonesian Cigarette Industry Environment
Indonesian Cigarette Industry Environment Share of Market – Industry (in %) 2015 cigarette industry volume SPM 6.4 6.2 6.1 was flat at 314 billion units SKT 20.1 18.7 18.3 Q1-2016 industry volume declined 5.9%, due to soft economy and excise tax pressure SKM category is the main driver SKM 73.
Slide 9: Increasing Competition From Value Propositions
Increasing Competition From Value Propositions Share of Market (in %) (0.2) (0.0) Variance versus (0.9) (0.2) previous quarter 35.4 35.2 35.1 34.3 34.1 Variance versus +1.3 previous quarter +1.1 +1.2 +0.7 9.4 7.0 8.1 6.3 5.1 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Sampoerna Value Propositions ("plus
Slide 10: Sampoerna Volume and Market Share
Sampoerna Volume and Market Share Sampoerna Volume (in billion units) 109.7 109.8 SPM 16.1 15.9 27.7 SKT 24.6 23.1 25.1 4.0 3.7 5.7 5.4 SKM 69.0 70.9 18.1 16.1 2014 2015 Q1-2015 Q1-2016 Sampoerna SOM 34.9% 35.0% 35.4% 34.1% 10 Source: Company Financials and Internal Estimates. Numbers may not foot d
Slide 11: Sampoerna A Remains Indonesia's #1 Cigarette Brand
Sampoerna A Remains Indonesia’s #1 Cigarette Brand Sampoerna’s SKM - Share of Market (%) Sampoerna A remains the #1 cigarette brand in Indonesia 14.9 14.9 14.4 14.6 Sampoerna Impact from 2015 excise tax tier elimination on Sampoerna U Marketing support and footprint expansion behind Dji Sam So
Slide 12: Maintaining Leadership in SKT Category
Maintaining Leadership in SKT Category Dji Sam Soe remains the “King of Sampoerna’s SKT - Share of Market (%) Kretek” SKT category still declining but stabilizing HMS increasing leadership position to 39.8% share of the SKT segment in Q1-2016 4.2 4.2 4.0 4.1 Dji Sam Soe Sampoerna 3.7 3.3 3.2 3
Slide 13: Leading SPM Brand
Leading SPM Brand Marlboro Share of Market (%) Maintained leadership position in SPM segment with 81.4% share of segment 5.1 5.1 5.1 5.0 2014 2015 Q1-2015 Q1-2016 13 Source: Internal Estimates
Slide 14: Sampoerna is the Leader in All Categories
Sampoerna is the Leader in All Categories Sampoerna’s Share of Segment (%) Position 79.7 80.9 81.4 SPM 39.0 39.2 39.8 SKT 29.9 30.1 28.9 SKM 2014 2015 Q1-2016 14 Source: Internal Estimates
Slide 15: Outstanding Performance of New Launches: U Bold 12s
Outstanding Performance of New Launches U Bold 12s Line extension of Sampoerna U launched in February 2015 Distribution expansion started in February 2016 Q1-2016 national share of market : 0.3% Semarang SOM = 1.5% Cirebon Initial launch areas SOM = 1.3% Madiun Expansion areas SOM = 1.6% 15 So
Slide 16: Outstanding Performance of New Launches: Avolution 20s
Outstanding Performance of New Launches Avolution 20s Line extension of Sampoerna A launched in November 2015 Q1-2016 national share of market : 0.6% Launched areas 16 Source: Internal Estimates
Slide 17: Awards and Recognitions
Awards and Recognitions Good Corporate Governance Award 2015 Asia Responsible Entrepreneurship Award 2015 Asia Pacific Entrepreneurship Awards 2015 for Outstanding Category The Indonesia Original Brand Award 2015 Indonesia’s Best Brand Award 2015 Indonesia’s Top 100 Most Valuable Brands
Slide 18: Scholarships for High School Students
950 Scholarships for High School Students 388 Scholarships / Financial Assistance for University +5,200 visitors Students +1,400 participants Seminar +1,000 participants Workshop Free medical service 750 Women benefited from Community Learning Group Activities Nearly 7,500 beneficiaries 18
Slide 19: Indonesia's Largest Tax Payer
Indonesia’s Largest Tax Payer Tax Payments (in trillion Rupiah) Variance +26.8% 67.2 53.0 2014 2015 Source: Company financials 19 The tax figure above represented the total tax paid by Sampoerna and its subsidiaries, also PMID
Slide 20: Share Price Movement and Market Capitalization
Share Price Movement and Market Capitalization 111,400 98,400 Share Price 68,000 (in Rupiah) 518 458 Market 300 Capitalization (in trillion Rupiah) Jan-15 April July Oct Jan-16 March 20 Source: Reuters
Slide 21: Stock Split
Stock Split Stock split 1 : 25 Share price Rp.92,500 on April 26, 2016 Increases outstanding shares to 116,318 million shares (+111,665 million shares) Provides investors with an affordable stock price and attracts a wider base of retail investors 21
Slide 22: Summary
Summary Stock split 1:25 Business performance is solid – Excellent dividend track record Total market in Q1-2016 was down by 5.9% – Full year forecast to decline by 1 – 2% Brand portfolio is well positioned 22
Slide 23: Public Expose
An affiliate of Philip Morris International Public Expose Soehanna Hall - The Energy Building Jakarta April 27, 2016
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