Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — FY2024 Earnings Presentation
30 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, Apr 30, 2025
Slide 1: Corporate Presentation Full Year 2024
Corporate Presentation Full Year 2024 PT GARUDA INDONESIA (PERSERO) TBK Cengkareng, 30 April 2025 EXPANDING HORIZONS, ELEVATING THE NATIONS
Slide 2: Disclaimer
DISCLAIMER This presentation material was prepared by PT Garuda Indonesia (Persero) Tbk. (“GIAA”/“Company”) and has not been independently verified. No representation or warranty. express or implied. is made and no reliance is made on the accuracy or completeness of the information presented or cont
Slide 3: Introduction of New President & CEO
INTRODUCTION OF NEW PRESIDENT & CEO Wamildan Tsani President & CEO • Acting President Director of PT Lion Air (2022–November 2024) • Safety Director of PT Lion Air (2020–2022) Work Experience : • Safety Director of PT Batik Air Indonesia (2017–2020) • Safety Manager of PT Batik Air Indonesia (2013–2
Slide 4: Dewan Komisaris (Board of Commissioners)
DEWAN KOMISARIS Board of Commisioners 1 Marsekal TNI (Purn) Fadjar Prasetyo Komisaris Utama merangkap Komisaris Independen President Commissioner and Independent Commissioner 2 Timur Sukirno Komisaris Independen Independent Commissioner 3 Chairal Tanjung Komisaris Commissioner 4 Mayjen TNI (Purn) Gl
Slide 5: Dewan Direksi (Board of Directors)
DEWAN DIREKSI Board of Directors 1 Wamildan Tsani 4 Rahmat Hanafi Direktur Utama Direktur Teknik President & CEO Director of Maintenance 2 Prasetio 5 Ade R. Susardi Direktur Keuangan dan Manajemen Risiko Direktur Niaga Director of Finance and Risk Management Director of Commercial 3 Tumpal Manumpak
Slide 6: Summary Highlight
SUMMARY HIGHLIGHT In FY 2024, Garuda Indonesia Group showed a strong recovery in its core business. Operating revenue rose by 16.34% year- on-year to USD 3.4 billion, with growth across all segments—scheduled and non-scheduled airline services, and other supporting businesses. Despite recording a ne
Slide 7: Company Structure Overview
COMPANY STRUCTURE OVERVIEW Government of the Republic of Indonesia 1 share of Series A golden share Indonesian Classification Bureau (BKI) *Public 64,54 % 35,46 PT GARUDA INDONESIA (PERSERO) Tbk PT Sabre Travel Network PT Garuda Maintenance PT Aero System SAS. Garuda Indonesia PT Aero Wisata PT Citi
Slide 8: Highlights of Garuda Indonesia's Key Events in FY 2024
Highlights of Garuda Indonesia’s Key Events in the FY of 2024 05 JANUARY 03 APRIL 15 AUGUST 22 OKTOBER Garuda Indonesia has completed the partial Garuda Indonesia and its subsidiaries officially repayment of bonds and sukuk amounting Garuda Indonesia operates humanitarian flight, collaborated with Y
Slide 9: Performance Achievement & Recognition FY 2024
Performance Achievement & Recognition FY 2024 . Nusantara Award 2024 Apresiasi Mitra BUMN Winner of the 20 Most Popular PT Garuda Indonesia achieved an Cultural & Cultural Innovation No. 1 On-time Performance Global Indonesia WOW Brand 2024 Champions Rank 3 Institutions/Corporations Airline Category
Slide 10: GIAA Shareholders Distribution
GIAA SHAREHOLDERS DISTRIBUTION After Rights Issue and Private Placement in December 2022, SHARES OWNERSHIP Dec 2024 Below composition of GIAA share ownership % DOMESTIC GOVERNMENT OF REPUBLIC FOREIGN FOREIGN RETAIL INDONESIA 59.038.124.403 64,54% INSTITUTIONAL 482.382.625 14.047.994.196 TRANS AIRWAY
Slide 11: Strategic Pillar 2025
STRATEGIC PILLAR 2025 Garuda Indonesia’s strategic roadmap to enhance profitability, strengthen market position, and drive sustainable growth in 2025 and beyond. Geared up to elevate SIMPLE ✓ Straightforward business process ✓ Collaborative environment PROFITABLE & INCREASE MARKET SHARE ✓ Beneficial
Slide 12: Management Highlight FY 2024
Management Highlight FY 2024 STRONG OPERATIONAL AND SOLID PRODUCTION AND ENHANCED ANCILLARY REVENUE REVENUE GROWTH AND STRATEGIC SYNERGIES PASSENGER GROWTH Operating revenue increased by 16.34% Production capacity (ASK) adjusted to demand, Revenue from Ancillary Products and year-on-year, supporting
Slide 13: Net Income Natural
Net Income Natural The Company recorded recurring income from its core business operations, which continue to recover steadily. In addition, additional non-operational income contributed to the Company’s performance, including the recognition of Revenue from Expired Tickets amounting to USD 86 milli
Slide 14: Strategic Plan in 2024-2029
Strategic Plan in 2024-2029 Financial Resiliance & Stability Operational Reliability Fleet & Network Expansion Plan (2024–2029) ✓ Strengthening financial resilience ✓ Strengthening maintenance ✓ Scale up the fleet with over to ensure the Company’s ability readiness to ensure aircraft 100+ additional
Slide 15: Operational & Financial FY 2024
OPERATIONAL & FINANCIAL FY 2024
Slide 16: The Group's Financial
THE GROUP’S FINANCIAL OPERATING REVENUE OPERATING RESULT USD MILLION 3416,53 USD MILLION 633,80 16,34% 2936,63 -39,75% 2562,02 381,85 1620,73 215,87 711,98 126,47 16,59 3M 2024 6M 2024 9M 2024 12M 2024 12M 2023 3M 2024 6M 2024 9M 2024 12M 2024 12M 2023 1141,65 252,00 EBITDA USD MILLION 975,55 NET IN
Slide 17: The Group's Operating Revenue Highlight
THE GROUP’S OPERATING REVENUE HIGHLIGHT Scheduled Airlines Service Non Schedule Airlines USD million USD million 2742,40 15,32% 2378,01 15,87% 333,75 291,15 288,03 2016,92 1275,19 177,96 599,01 19,67 3M 2024 6M 2024 9M 2024 12M 2024 12M 2023 3M 2024 6M 2024 9M 2024 12M 2024 12M 2023 Others 340,36 US
Slide 18: The Group's Operational Performance Highlight
THE GROUP’S OPERATIONAL PERFORMANCE HIGHLIGHT Passenger Carried Cargo Carried In million passenger In Ton 4.50% 29.89% *YoY 63.018 *YoY 57.572 6,20 55.601 53.326 6,11 48.518 5,94 5,69 5,42 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 Available Seat Kilometer (ASK)
Slide 19: The Group's Operating Expense Highlight
THE GROUP'S OPERATING EXPENSE HIGHLIGHT Fuel Burn CASK (In million liter) (COST AVAILABLE SEAT KILOMETERS) USc 14.76% *YoY -5.71% 350,90 *YoY 345,01 7,19 320,36 7,03 6,91 6,92 305,78 297,99 6,78 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 CASK EXC FUEL (COST AVAIL
Slide 20: The Group's Operated Aircraft
THE GROUP’S OPERATED AIRCRAFT Operated by Garuda Indonesia Operated by Citilink Aircraft Type Dec-23 Dec-24 Aircraft Type Dec-23 Dec-24 Narrow Body Narrow Body Boeing 737-800NG 39 40 Airbus 320-200 33 32 Total Narrow Body 39 40 Airbus 320-200 Neo 8 4 Wide Body ATR72-600 5 3 Boeing 777-300ER 7 7 Tota
Slide 21: Appendices
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Slide 22: Consolidated Operational Performance
CONSOLIDATED OPERATIONAL PERFORMANCE The Group Took on board 23,67 Million Passengers in FY 2024 (Currency in Million USD, except stated otherwise) INDICATOR 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 YOY 12M 2023 12M 2024 YOY OPERATIONAL *Utilization (hour) 9:24 7:37 8:18 9:00 11:01 1:37 9:28 10:14 00
Slide 23: International Market Improve; Domestic Market Increased
International Market Improve; Domestic Market increased Domestic 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 YOY 12M 2023 12M 2024 YOY Passenger Carried (Million) 2.03 1.89 2.24 2.34 2.29 12.96% 6.61 8.76 32.51% ASK (Billion) 2.50 2.47 2.71 2.83 2.78 11.23% 8.90 10.79 21.25% Seat Load Factor (%) 83.68 7
Slide 24: Main Brand Passenger Carried and ASK
Main Brand 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 YOY 12M 2023 12M 2024 YOY Passenger Carried (Million) 2.53 2.42 2.85 3.07 3.05 20.47% 8.29 11.39 37.34% ASK (Billion) 5.82 5.66 6.13 6.96 7.31 25.59% 20.02 26.06 30.18% Seat Load Factor (%) 75.90 73.89 77.38 82.27 80.20 4.30 pp 72.44 78.72 6.28 pp R
Slide 25: Consolidated Statement of Profit (Loss)
CONSOLIDATED STATEMENT OF PROFIT (LOSS) (Currency in Million USD, except stated otherwise) INDICATOR 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 *% YOY 12M 2023 12M 2024 **% YOY REVENUE Schedule Airline Service 653,93 599,02 676,18 741,74 725,48 10,94% 2378,01 2742,41 15,32% Non Schedule Airline Service
Slide 26: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Currency in Million USD, except stated otherwise) INDICATOR FY 2023 1Q 2024 *%Chg. 2Q 2024 **%Chg. 3Q 2024 ***%Chg. 4Q 2024 ****%Chg. ASSETS Current Assets 653,77 679,32 3,91% 677,58 3,64% 621,59 -4,92% 553,91 -15,27% Non current assets 6073,87 6046,69 -
Slide 27: Consolidated Statement of Cash Flow
CONSOLIDATED STATEMENT OF CASH FLOW (Currency in Million USD, except stated otherwise) 12M 2024 INDICATOR 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 *%YOY 12M 2023 *%YOY (Audited) CASH FLOWS Cash from operating activities 105,16 86,71 148,35 147,63 203,05 93,09% 222,03 585,74 163,81% Cash from investin
Slide 28: Garuda Indonesia Parent Only - Operating Revenue Rose by 18%
GARUDA INDONESIA PARENT ONLY - Operating Revenue from Parent Rose by 18% Currency in Million USD, except stated otherwise FINANCIAL INDICATORS FY-2024 *GROWTH (%) Operating Revenue 2,246.2 17.8% Operating Income 212.4 -46.0% Net Income -29.9 -114.7% Assets 4,486.2 -2.3% Liabilities 4,949.3 -1.5% Equ
Slide 29: The Subsidiaries Revenue Contributed 47% of Total Group
The Subsidiaries Revenue approximately USD 1,600 Million, Contributed 47% of Total Group USD (Mio) USD (Mio) IDR (Bio) FINANCIAL INDICATORS FY-2024 *Growth (%) FY-2024 *Growth (%) FY-2024 *Growth (%) Operating Revenue 993,28 14,42 421,22 12,87 2.824,40 27,12 Operating Income 110,37 -16,32 42,00 51,6
Slide 30: Thank You
Thank You Investor Relations & Financial Analysis JKTWLGA Management Building 3rd floor, Garuda City, Sorkarno-Hatta International Airport, Jakarta
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