Pt Samator Indo Gas Tbk · IDX:AGII
Pt Samator Indo Gas Tbk — PT Aneka Gas Industri — Q1 2019 Earnings Presentation
40 slides from Pt Samator Indo Gas Tbk's earnings presentation, May 2, 2019
Slide 1: Management Presentation
Management Presentation 2 May 2019 FROM EVERYWHERE IN EVERYTHING
Slide 2: Disclaimer
Disclaimer • This presentation has been prepared by PT Aneka Gas Industri Tbk (“AGII”) and is circulated for the purpose of general information only and it is not intended for any specific person. All opinions and estimations included in this presentation constitute our judgment as of this date and a
Slide 3: Agenda
Agenda Company overview Company competitive advantages Business challenges and prospects Company update Company financial performance FROM EVERYWHERE IN EVERYTHING
Slide 4: Company overview
Company overview PT Aneka Gas Industri Tbk FROM EVERYWHERE IN EVERYTHING
Slide 5: Largest industrial gas company in Indonesia
Largest industrial gas company in Indonesia Company Overview Revenue Contribution ▪ Own 44 plants and 104 filling stations in 23 provinces across Indonesia as of 31 March 2019 Gas products contribute >=90% of total revenue on average ▪ Engage in 4 (four) business lines CAGR 14% • Industrial gas prod
Slide 6: Milestones
Milestones 1916 1924 1958 1971 1996 2004 2008 2010 2016 2017 2018 2019 NV WA Hoek NV Javasche PN Zatas and PN Zatas and Messer AGI was AGI issued –2015 AGI became AGI issued AGI acquired Machine en Koelzoor PN Asam PN Asam Griesheim wholly first bond & the first shelf 24,9% share AGI issued AGI had
Slide 7: AGII shareholders
AGII shareholders Initial Public Offering 28 September 2016 30% free float Rp 1.100 Indonesia Stock Exchange (IDX) Use of proceeds: • Approximately 40% for capital expenditure • Approximately 40% for debt repayment • Approximately 20% for working capital requirements Mr. Arief Harsono Founder and Gro
Slide 8: Air gas manufacturing process
Air gas manufacturing process Typical composition of Atmospheric AIR Three types atmospheric gas produced in • 78% Nitrogen an Air Separation Plant (ASP) • 21% Oxygen • 1% Argon 1. Air Feed 2. Cleansing 3. Compressing 4. Cooling 5. Separation 6. Crude Argon to Argon purifier 7. Vaporizer 8. Oxygen &
Slide 9: Philosophy
Philosophy Vision Mission Values (P.R.I.D.E) Top 5 Priorities Human Capital Give the best for the Professionalism Development stakeholder Management Control Integrity and committed Righteousness System to quality, health and safety environment, and To be the most desirable good corporate company tha
Slide 10: Products and services
Products and services Oxygen* Sulphur Helium Nitrogen* Hexafluoride Neon Argon* Sterilization* Krypton Ammonia Xenon Refrigerant Gas Air gas Speciality gas Rare gas Hydrogen* CNG Mixed Gas Liquid Propane Acetylene* Environmental Natural Gas Carbon Dioxide* Calibration Gas Liquid Petroleum Carbon Mon
Slide 11: Industrial gas application
Industrial gas application Type of gas Selected applications Production process Oxygen ▪ Medical services such as for respiratory support purposes ▪ Metal fabrication ▪ Steel manufacturing ▪ Live fishery Nitrogen ▪ Food industry for IQF (Individual Quick Frozen) and Atmospheric air is separated in an
Slide 12: Distribution method
Distribution method Cylinder On Site Plant Pipeline Bulk FROM EVERYWHERE IN EVERYTHING
Slide 13: Business strategy
Business strategy ▪ Expanding the business of Operation Monitoring supplying medical and safety Develop businesses in equipment Real-time online monitoring platform our ecosystem and of its production and storage facilities developed by third party strengthening our competitive advantages Supply Mon
Slide 14: Company competitive advantages
Company competitive advantages FROM EVERYWHERE IN EVERYTHING
Slide 15: Competitive advantages
Competitive advantages The first and largest industrial gas company Market leader in medical gas sector Well-diversified end customer base Nationwide distribution network Integrated operational activity International network 7 Experienced Management FROM EVERYWHERE IN EVERYTHING
Slide 16: 1. The first and largest industrial gas company
1. The first and largest industrial gas company Industrial gas market share in Indonesia Gas Gas Production Trading Gas Gas Equipment Equipment Trading Installation *) source: Gasworld, 2017 • AGI is pioneer and market leader of industrial gas business • AGI together with Samator (Samator Group) hold
Slide 17: 2. Market leader in medical gas sector
2. Market leader in medical gas sector ▪ The only gas player that offers total customer solution by providing medical gas, equipment and construction & installation of medical gas infrastructure in healthcare establishments ▪ 75 to 80% market share in medical gas sector in 2016*) ▪ Approx. 60%-65% o
Slide 18: 3. Well-diversified end customer base
3. Well-diversified end customer base 33% 23% 18% Retail Medical Consumer Goods 16% 10% Infrastructure Other Manufacturing as of 31 March 2019 FROM EVERYWHERE IN EVERYTHING
Slide 19: 4. Nationwide distribution network
4. Nationwide distribution network Strategy Result Support Build plants and filling stations in the The largest distribution network with 44 plants (ASP The largest transportation fleet in the proximity of its customers to ensure & others) and 104 filling stations in industry to cover its target mar
Slide 20: 5. Integrated operational activity
5. Integrated operational activity FROM EVERYWHERE IN EVERYTHING
Slide 21: 6. International network
6. International network Managed under Samator Group to gain access to multinational players Air Water Tomoe Sokai Co, Ltd. Taiyo Nippon Sanso Central Uni Co. Ltd. Corporation and National Oxygen Pte. Ltd. Carecom Co. Ltd. Cryo Diffusion S.A.S. ESCO Industries Genstar Technologies Company Inc. FROM
Slide 22: 7. Experienced management
7. Experienced management Experienced management team with average 30+ years in the industry Board of Commissioner Board of Director Arief Harsono Rasid Harsono Rachmat Harsono Ferryawan Utomo •President Commissioner •Vice President Commissioner •President Director •Vice President Director •Chairman
Slide 23: Business positioning Competitive advantage
…from EVERYWHERE in EVERYTHING… WE are the first and largest player which provides the most integrated industrial gas product and service to vast industries (especially in medical and retail) across Indonesia The first and largest industrial gas Dominant in medical and retail (no End to end integrati
Slide 24: Business challenges & prospects
Business challenges & prospects FROM EVERYWHERE IN EVERYTHING
Slide 25: Indonesia GDP Annual Growth Rate
Indonesia GDP Annual Growth Rate Indonesia's annual economic growth edged up to 5.18 percent in the fourth quarter of 2018 from 5.17 percent in the previous three-month period and slightly above market consensus of 5.11 percent. The expansion was mainly driven by private consumption while both fixed
Slide 26: Indonesian economic growth by province
Indonesian economic growth by province Source: BPS and BI FROM EVERYWHERE IN EVERYTHING
Slide 27: Indonesian economic growth and contribution
Indonesian economic growth and contribution Note: % of distribution in 2018 % of economy growth in 2018 Source: BPS FROM EVERYWHERE IN EVERYTHING
Slide 28: Company update
Company update 3M2019 FROM EVERYWHERE IN EVERYTHING
Slide 29: Business update
Business update Consistently be the first mover to maintain market leadership position Established 4 (four) additional filling stations located in during first quarter of 2019: During first quarter of 2019, 88 contracts were being processed 1. Bangko, Merangin, Jambi where medical sector was still d
Slide 30: Shelf registration I phase 3 during 2019
Debt refinancing Shelf registration (“Shelf Reg” or “PUB”) I phase 3 during 2019 Fixed-coupon bonds Shelf Reg I Year 2017 Sukuk ijarah Shelf Reg I Year 2017 Issuer PT Aneka Gas Industri Tbk Listed Indonesia Stock Exchange Corporate rating Bonds and the Sukuk are both rated A-(idn) by Fitch Purpose Re
Slide 31: AGI acquired 24,9% of SGI in 2018
AGI acquired 24,9% of SGI in 2018 Arief Harsono Heyzer Harsono Rasid Harsono Rachmat Harsono Imelda Harsono PT Verona Ladang PT Harzco Investama * Andalan * 91.86% 4.36% 3.78% 60.76% 39.24% PT Aneka Mega Energi PT Samator Public 4,46% 0,15% 0,13% 0,87% 0,04% 25% 40,54% 28,81% 50.00% 99.9% 0,1% PT Sa
Slide 32: Company financial performance
Company financial performance 3M2019 FROM EVERYWHERE IN EVERYTHING
Slide 33: Financial performance
Financial performance FROM EVERYWHERE IN EVERYTHING
Slide 34: Financial performance
Financial performance FROM EVERYWHERE IN EVERYTHING
Slide 35: Financial performance
Financial performance FROM EVERYWHERE IN EVERYTHING
Slide 36: Financial performance
Financial performance FROM EVERYWHERE IN EVERYTHING
Slide 37: Key financial ratios
Key financial ratios FROM EVERYWHERE IN EVERYTHING
Slide 38: Investment highlights
Investment highlights • Exposed to various industries Well-diversified risk • 70% of revenue are secured in medium to long term contract ranging from 5 to 15 years • 47% - 50% gross margin • 20% - 25% EBIT margin High return • 33% - 36% EBITDA margin • Sales growth over double digit for the last 5 y
Slide 39: FROM EVERYWHERE IN EVERYTHING
FROM EVERYWHERE IN EVERYTHING
Slide 40: Thank you
Thank you PT Aneka Gas Industri Tbk is a group member of SAMATOR Office in Jakarta : UGM Samator Pendidikan Tower A 5-6 th floor FROM EVERYWHERE IN EVERYTHING Jl. Dr. Sahardjo No. 83, Manggarai, Tebet, South Jakarta, DKI Jakarta 12850, INDONESIA Office in Surabaya : Jl. Raya Kedung Baruk 25-28, Kedung Ba
PT Aneka Gas Industri — Q1 2019 Earnings Presentation on 6ix