Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — Non-Deal Roadshow (January 2018)
27 slides from Pt Garuda Indonesia (persero) Tbk Class B's roadshow presentation, Jan 29, 2018
Slide 1: Corporate Presentation
Singapore, 29 January 2018 Corporate Presentation Non-Deal Roadshow with Credit Suisse
Slide 2: Shares Information
Shares Information 6,500 GIAA IJ Equity - Last Price (R1) 300 650 6,356 JCI Index - Last Price (L1) 6,355.654 600 6,000 550 5,500 500 5,000 450 400 4,500 350 4,000 300 300 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2016 2017 PT Garuda Indonesia (P
Slide 3: A Frame-Work Has Been Established with 3 Pillars
A Frame-Work Has Been Established with 3 Pillars MEDIUM TERM INITIATIVES 5 Quick Wins Priorities 1 Fleet Cost Optimization 2 Service Quality Level Improvement 3 Routes Optimization 4 Channel Optimization with Focus in Digital and Becoming IT-Based Airline 5 Enhance Revenue Management System FINANCIA
Slide 4: Making Good Progress in Our Quick Wins Priorities
Making Good Progress in Our Quick Wins Priorities Achievement Target Key Indicator 2017 2018 1 Re-negotiate all contract to 12 contracts 6 contracts lessor & manufactures 1 Improve fleet utilization 09:36 10:24 Fleet Cost Optimization 2 On-Time Performance 86.4% 91.0% Aviobridge services DOM: 71.98%
Slide 5: ... As Well As Our Medium Term Initiatives
... As Well As Our Medium Term Initiatives STRATEGY ACTION Develop Performance Culture & Discipline • Board Forum & Monthly Meeting to “Switch On” Performance Alert • Weekly Performance Dashboard Monitoring Reduce Cost Significantly • Improve cost efficiency by re-negotiation with supplier or servic
Slide 6: Sustainably Maintain These 5 Areas
Sustainably Maintain These 5 Areas Increase Revenue Race to US$3.23 0.41 Billion 1,000 flights Increase Operating Max. Incident Operational Revenue Rate Excellence & 5-Star Airline, Customer Saving 92% World’s Best Experience US$100 Cabin Crew On-Time Million Performance Efficiency Target Reduce Cos
Slide 7: Visioning 2020 to Have US$3.5 Billion as Group Value
Visioning 2020 to Have US$3.5 Billion as Group Value VISION “VALUE-DRIVEN AVIATION GROUP, BRINGING INDONESIAN HOSPITALITY TO THE WORLD (US$3.5 BILLION)” MISSION Shareholder Customer Process Employee Maximize Group Value for Better By Delivering Excellent While Implementing Cost And by Engaging Passi
Slide 8: Target and Assumptions of Budget 2018
Target and Assumptions of Budget 2018 INDICATOR TARGET 2018 INDICATOR TARGET 2018 OPERATIONAL FINANCIAL Available Seat Kilometers (ASK) ↑ 12.0% - 13.0% Revenues (US$) 4.9 Billion Revenue Passenger Kilometers (RPK) ↑ 12.0% - 13.0% Net Income (US$) 8.7 Million Passenger ↑ 9.0% - 10.0% Total Asset (US$
Slide 9: Airline's Market Will Continue to Increase in 2018
Airline’s Market Will Continue to Increase in 2018 DOMESTIC INTERNATIONAL Traffic Growth 2012-2018P Traffic Growth 2012-2018P (in Million) (in Million) CAGR 2016 - 2018P: 14.5% CAGR 2016 - 2018P: 12.1% 33.13 102.34 .2% :7 % 1 7P 7.6 20 31.29 P: - 017 95.64 12 2 -2 2 0 201 GR 29.54 GR 89.39 CA CA 27.
Slide 10: Operating Revenues Increased by 11.2% YoY to US$1.2 Billion
Operating Revenues Increased by 11.2% YoY to US$1.2 Billion (currency in million USD, except stated otherwise) INDICATOR 3Q.16 1Q.17 2Q.17 3Q.17 % YoY 9M.16 9M.17 % YoY REVENUE EBITDAR 350.1 181.7 187.5 422.4 20.6 884.6 799.8 (9.6) Scheduled Airline Service 884.0 782.1 853.8 885.9 0.2 2,447.5 2,521.
Slide 11: The Aircraft Utilization is Improved by 38 Minutes
The Aircraft Utilization is Improved by 38 Minutes INDICATOR 3Q.16 1Q.17 2Q.17 3Q.17 % YoY 9M.16 9M.17 % YoY OPERATIONAL Utilization (Hour) 9:15 9:19 9:32 9:49 0:34 8:56 9:34 0:38 On-Time Performance (%) 87.8 86.8 85.0 89.2 1.4 pp 90.1 86.9 (3.2) pp ASK (Billion) 14.3 15.8 15.8 14.6 2.0 43.9 46.2 5.
Slide 12: Balance the Revenue Domestic and International
Balance the Revenue Domestic and International INDICATOR 3Q.16 1Q.17 2Q.17 3Q.17 % YoY 9M.16 9M.17 % YoY DOMESTIC Passenger Carried (Million) 5.2 4.5 4.6 5.0 (3.8) 14.6 14.2 (2.6) ASK (Billion) 5.7 5.6 5.7 5.8 0.6 16.9 17.1 1.5 Seat Load Factor (%) 78.6 68.8 70.6 76.2 (2.4) pp 74.2 71.9 (2.3) pp Rev
Slide 13: Our International Operations Growth is Above Average
Our International Operations Growth is Above Average Source: Company Data & AAPA International Statistic, YTD September 2017 PASSENGER CARRIED GROWTH AVAILABLE SEAT KILOMETERS (ASK) GROWTH Thai Airways 14.0 China Southern Airlines 12.2 Garuda Indonesia 12.8 China Eastern Airlines 11.0 All Nippon Air
Slide 14: Garuda Indonesia Group Flew 26.8 Million Passenger
Garuda Indonesia Group Flew 26.8 Million Passenger INDICATOR 3Q.16 1Q.17 2Q.17 3Q.17 % YoY 9M.16 9M.17 % YoY GARUDA INDONESIA Passenger Carried (Million) 6.4 5.8 5.9 6.2 (3.3) 17.8 17.8 0.2 ASK (Billion) 11.4 13.1 12.8 11.4 (0.7) 35.7 37.3 4.5 Seat Load Factor (%) 78.0 72.1 72.9 76.8 (1.2) pp 72.6 7
Slide 15: Operating Expenses Increased by 5.7% YoY in 3Q17
Operating Expenses Increased by 5.7% YoY in 3Q17 (currency in million USD, except stated otherwise) INDICATOR 3Q.16 1Q.17 2Q.17 3Q.17 % YoY PoC 9M.16 9M.17 % YoY PoC Fuel 259.6 292.3 278.8 297.2 14.5 26.6 678.1 868.3 28.1 27.0 Rental 263.4 257.4 259.8 281.8 7.0 25.2 751.5 799.0 6.3 24.8 Maintenance
Slide 16: To Boost the Utilization of Existing Number of Fleets
To Boost the Utilization of Existing Number of Fleets DEC SEP DEC Owned/Financial Leased 2016 2017 2017 Operating Leased BOEING 777-300ER 10 10 - 10 10 2 2 2 - 2 BOEING 747-400 AIRBUS A330-300 17 17 6 11 17 7 7 - 7 7 AIRBUS A330-200 WIDE BODY 36 36 8 28 36 UTILIZATION 10:05 10:58 10:54 BOEING 737 MA
Slide 17: Improves the Equity through 3Q17 Performance
Improves the Equity through 3Q17 Performance (currency in million USD, except stated otherwise) INDICATOR FY.16 1Q.17 % Chg. 2Q.17 % Chg. 3Q.17 % Chg. ASSET Current Assets 1,165.1 1,171.5 0.5 1,052.9 (9.6) 1,074.3 (7.8) Non Current Assets 2,572.4 2,715.0 5.5 2,719.3 5.7 2,649.6 3.0 Total Assets 3,73
Slide 18: To Set the Cash from Operating; US$126.5 Million in 3Q17
To Set the Cash from Operating; US$126.5 Million in 3Q17 (currency in million USD, except stated otherwise) INDICATOR 3Q.16 1Q.17 2Q.17 3Q.17 % YoY 9M.16 9M.17 % YoY Beginning Cash 537.7 578.7 548.9 380.5 (29.2) 520.0 578.7 11.3 Cash from Operating Activities 121.5 (62.1) (87.0) 126.5 4.2 78.0 (22.5
Slide 19: Maintaining Financial Ratio to Improves; Net Gearing 1.7 times
Maintaining Financial Ratio to Improves; Net Gearing 1.7 times (currency in million USD, except stated otherwise) INDICATOR FY.16 1Q.17 % Chg. 2Q.17 % Chg. 3Q.17 % Chg. Short Term Debt 759.7 895.8 17.9 927.8 22.1 1,072.8 41.2 Long Term Debt 773.5 758.6 (1.9) 741.9 (4.1) 579.6 (25.1) Leasing 160.9 18
Slide 20: The Subsidiaries Revenues US$687.2 Million, Contributed 22.1% of Total Group
The Subsidiaries Revenues US$687.2 Million, Contributed 22.1% of Total Group INDICATOR 9M.2017 % Chg. 9M.2017 % Chg. 9M.2017 % Chg. Revenue Contribution to Group (%) 14.0 3.5 3.3 Operating Revenue 436,745.3 15.8 310,536.6 14.5 183,217.4 2.9 Operating Income (37,320.4) (373.7) 57,636.9 8.1 9,980.5 (2
Slide 21: Maintaining Prestigious Awards
Maintaining Prestigious Awards 34 Awards 24 Domestic & 10 International New Good Corporate Governance Award (PATA) Pacific Asia Travel Association Gold Award Trusted Company Governance Perception Index by Macao Government Tourism Office (MGTO) by SWA Magazine Indonesia Most Admired Companies New Top
Slide 22: Network Development Implemented in 2017
Network Development Implemented in 2017 New Routes Network Adjustment 3Q-2017 BUW - KDI (July 2017) Middle East Adjustment Route UPG - RAQ (July 2017) to be Charter Flight MDC - LUW (September 2017) Along Hajj Season in Q3-2017 CGK - BWX (September 2017) DOM INT Additional Frequency Network Adjustme
Slide 23: New Destinations Plan in 2018
New Destinations Plan in 2018 Zhengzou, China Route: DPS - CGO (vv.) Xi’an, China Route: DPS - XIY (vv.) Taipei, Taiwan Route: CGK - HKG - TPE (vv.) Xiamen, China Route: DPS - XMN (vv.) Manila, Philippines Route: CGK - MNL (vv.) Ho Chi Minh, Vietnam Route: CGK - SGN (vv.) International Kota Baru, So
Slide 24: Digital Business Enhancement
Digital Business Enhancement Digital Business Solution & Enhancement Enhance Inbound and “Outside-In” Increase Increase Outbound Marketing Sales Approach Traffic Acquisition e-Commerce Program System Reliability Revenue from Digital Channel Platform Rp38 Billion 698K Look to Book Ratio Increased Inc
Slide 25: The IPO of Garuda Maintenance Facility AeroAsia
The IPO of Garuda Maintenance Facility AeroAsia Next Step - Strategic Investor • Garuda & GMF are exploring the possibility of investments from one or more strategic investors. The investment offered could be the issuing new shares and/or sale of the GMF’s shares owned by Garuda within a period of 1
Slide 26: Expanding Cargo Capability & Services
Expanding Cargo Capability & Services Over 800 Cities in Indonesia **Certain Destinations Cargo Capability - What We Can Handle GO EXPRESS service delivery of Door to Door • Dangerous Goods (the 1st Airline in packages and documents with domestic and international destinations**. Indonesia which rec
Slide 27: PT Garuda Indonesia (Persero) Tbk
PT Garuda Indonesia (Persero) Tbk © 2017-2018 - All Rights Reserved Registered Office Investor Relations Garuda Indonesia Building Ground Floor, Garuda Indonesia Management Building Jl. Kebon Sirih No. 46A Soekarno-Hatta International Airport Jakarta - 10110, Indonesia Tangerang - 15111, Indonesia P
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