Pt Saratoga Investama Sedaya Tbk · IDX:SRTG
Pt Saratoga Investama Sedaya Tbk — Investor Presentation (January 2025)
19 slides from Pt Saratoga Investama Sedaya Tbk's investor presentation, January 2025
Slide 1: Investor Presentation January 2025
INVESTOR PRESENTATION January 2025 PT SARATOGA INVESTAMA SEDAYA TBK 1
Slide 2: Disclaimer
Disclaimer “These materials have been prepared by PT Saratoga Investama Sedaya, Tbk (the “Company”) from various internal sources and have not been independently verified. These materials are for information purposes only and do not constitute or form part of an offer, solicitation or invitation of
Slide 3: Company Overview
COMPANY OVERVIEW = S SARATOGA
Slide 4: Saratoga – A Leading Active Investment Company
Saratoga – A Leading Active Investment Company Company Overview Ownership Structure • Founded in 1997, listed on IDX with ticker SRTG in 2013. • Leading investment company in Indonesia with Net Asset Value of IDR 55.3tn (USD 3.4bn). • Focus on early-stage, growth-stage, and special situation opportu
Slide 5: Investment Approach
Investment Approach Strategy Why Saratoga Target annual capital Focus on early-stage, ✓ Proven investment track record across key deployment growth-stage, special- businesses USD 100 – 150mn situation opportunities ✓ Ability to transform early and growth-stage companies into established enterprises
Slide 6: Delivering Growth from Both Listed and Unlisted Investee Companies
Delivering Growth from Both Listed and Unlisted Investee Companies Robust Growth of Listed Portfolio Access to Upside Potential from Unlisted Portfolio 6,149 CAGR 4,389 +31% IDR billion 3,463 3,152 2,008 1,508 1,581 2018 2019 2020 2021 2022 2023 9M24 Dec 2013 - IDR 20.1tn Portfolio Breakdown Sep 202
Slide 7: Transforming Early and Growth Stage Companies Into Established Enterprises
Transforming Early and Growth Stage Companies Into Established Enterprises & Unlocking Value for Shareholders Adaro Energy Indonesia 2002 2008 2010 2018 2022 2023 Coal production Listed on IDX Acquired 25% of Jointly acquired 80% of Listed ADMR on IDX Coal production of 66mt of c.20mtpa Raised IDR 1
Slide 8: Quality Investment Portfolio Diversified Across Key Businesses
Quality Investment Portfolio Diversified Across Key Businesses Blue Chip Growth Focused Leading automotive Indonesia’s first and largest Indonesia’s leading premium One of Indonesia’s largest consumer company industrial gas company general hospital chain beauty clinic networks Leading cold-chain OOH
Slide 9: 9M24 Highlights
9M24 Highlights Saratoga Investama Sedaya Tbk. (SRTG): • NAV climbed to IDR 55.9tn in 9M24, a 13% increase from 1H24. This positive momentum was largely attributed to the significant appreciation in share prices of key portfolio holdings, particularly ADRO and MDKA. • During 9M24, SRTG generated a s
Slide 10: Brawijaya – Saratoga's New Pillar of Growth
Brawijaya – Saratoga’s New Pillar of Growth • Brawijaya is a premium general hospital chain that has evolved from a single hospital to five hospitals and two clinics. • Brawijaya is committed to delivering specialized, high-quality healthcare through its Centers of Excellence, focusing on deep exper
Slide 11: ZAP - Tapping into the Expanding Beauty Treatment Market
ZAP - Tapping into the Expanding Beauty Treatment Market ▪ Started in 2009 as a home service therapy, ZAP opened its first outlet in 2014 with main service offering of hair removal and face treatments. ▪ Currently the company has a total of >100 clinics in 20 key cities of Indonesia. Samarinda, Mana
Slide 12: Portfolio in the Digital and Technology Space
Portfolio in the Digital and Technology Space • Owns and operates in-town carrier- • Leading and most innovative outdoor neutral data center in multiple digital media company in Indonesia. strategic locations. • Strategically located and highly • Leader in Public Transportation (Transit) interconnec
Slide 13: Green Economy and Downstream Initiatives
Green Economy and Downstream Initiatives Adaro Energy Indonesia Tbk. (ADRO): In March 2023, the groundbreaking of the Mentarang Induk Hydropower Plant project in Kaltara took place. The power plant will generate 1,375 MW of electricity with estimated investments of USD 2.6 billion and is operated un
Slide 14: Active Investment and Divestment with Diversified Dividend Stream
Active Investment and Divestment with Diversified Dividend Stream Investment and Divestment* Dividend Income Summary Company 2020 2021 2022 2023 9M24 ADRO 215 1,098 1,906 2,138 1,016 ▪ Saratoga acquired a majority stake in Brawijaya Healthcare during 1H24. TBIG 214 248 76 126 64 ▪ Booked dividend in
Slide 15: Strong Financial Profile and Multiple Sources of Funding
Strong Financial Profile and Multiple Sources of Funding Debt Level Remains Manageable Solid Capital Structure Loan Maturity Profile Access to Multiple Sources of Funding Banking partners for revolving credit facility and bilateral loans: Data as of September 2024 15 Source: Company information
Slide 16: Low Cost-Structure and Healthy Coverage Ratio Allow Consistent Dividend Disbursement
Low Cost-Structure and Healthy Coverage Ratio Allow Consistent Dividend Disbursement Low Cost Ratio Healthy Interest Coverage Ratio Interest Cost Trending Down Consistent Dividend Disbursement 16
Slide 17: SRTG Share Price Still Lagging Despite Robust NAV Growth
SRTG Share Price Still Lagging Despite Robust NAV Growth 6,000 100% 5,142 90% 5,006 5,000 4,491 4,709 4,743 4,781 4,571 4,525 4,492 4,420 4,376 4,333 80% 4,198 4,197 4,120 4,004 4,156 4,078 3,933 3,964 4,029 3,883 4,000 3,811 70% 3,668 3,670 3,6843,6223,642 3,500 3,450 3,468 3,490 3,490 3,503 3,358
Slide 18: Financial Highlights
Financial Highlights Consolidated Statement of Profit and Loss FY23 FY22 % Y-Y 9M24 9M23 % Y-Y Summary Net gain (loss) on investment in shares and other equity (13,811) 3,726 n.a. 5,022 (12,871) n.a. ▪ SRTG recorded a net profit of IDR 5.2tn in securities Dividend and interest income 2,808 2,613 7%
Slide 19: Thank you
Thank you For more information please contact investor.relations@saratoga-investama.com 19
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