Pt Japfa Comfeed Indonesia Tbk Class A · IDX:JPFA
Pt Japfa Comfeed Indonesia Tbk Class A — Q1 2022 Earnings Presentation
27 slides from Pt Japfa Comfeed Indonesia Tbk Class A's earnings presentation, 2022
Slide 1: Investor Presentation 1Q2022
PT JAPFA COMFEED INDONESIA Tbk INVESTOR PRESENTATION 1Q2022 Memperkokoh Sinergi Untuk Masa Depan yang Berkelanjutan Strengthening Synergies for a Sustainable Future
Slide 2: Index
Index Company Overview Key Investment Highlights Financial and Operational Highlights
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: Vertically Integrated Business Model
Company Overview Core competencies across the value chain POULTRY AQUACULTURE BEEF CATTLE UPSTREAM ANIMAL FEED VERTICALLY INTEGRATED BUSINESS MODEL PRODUCTION UPSTREAM BREEDING MIDSTREAM COMMERCIAL FARMING DOWNSTREAM PROCESSING DOWNSTREAM CONSUMER PRODUCTS 3
Slide 5: Industrialized approach drives operational and financial benefits
Industrialized approach drives operational and financial benefits A Scale B Technology & genetics – 2nd largest feed and DOC producer in Indonesia with – Exclusive relationship with Aviagen for the sourcing significant scale across the value chain: of grandparent stock with superior genetics which i
Slide 6: Japfa: Well positioned for long-term growth
Japfa: Well positioned for long-term growth Poultry leader in Indonesia − Aquaculture is primarily a feed business with some − 2nd largest poultry feed producer in farming overlay Indonesia − Protein diversification − Core business and stable segment of strategy for varying the value chain consumer
Slide 7: Growing responsibly
Growing responsibly Japfa’s animal protein business in Indonesia showed strong sales growth in the 2010 – 2014 period driven by strong poultry demand, which then stagnated in the 2014 – 2015 period. After the down-cycle, Japfa’s poultry business resumed growth in 2016 New and non-essential Capex
Slide 8: Key Investments Highlights
KEY INVESTMENTS HIGHLIGHTS
Slide 9: Investment highlights
Investment highlights 1 Attractive industry dynamics driven by strong structural growth in protein consumption 2 Leading integrated poultry national champion with nationwide footprint 3 Core feed business offers stable profitability 4 Industrialised Business Model: Leading Market Positions 5 Experie
Slide 10: Attractive industry dynamics driven by strong structural growth in protein consumption
1 Attractive industry dynamics driven by strong structural growth in protein consumption Poultry meat consumption has increased in tandem Poultry Meat Consumption per capita in Asia with GDP in Indonesia (kg per capita – 2020E) 9 kg 2017 Malaysia 46.8 8 kg 2016 Consumption / Capita (Kg) 2015 7 kg 20
Slide 11: Well-established market leader in the Indonesian animal protein sector
2 Well-established market leader in the Indonesian 2 animal protein sector Nationwide footprint with presence in all major islands Company’s Operational Areas Significant economies of scale given procurement Logistical feat given that Indonesia is an archipelago; volume of raw materials, especia
Slide 12: Poultry Feed: Stable Base Margin
Poultry Feed: Stable Base Margin 400 16% 350 14% Covid LTM OPM Poultry Feed Impact 12% 300 Price Change3 10% 250 8% 200 6% 150 4% 100 2% 50 0% 1 LTM1 Poultry Feed OPM (%) SBM Price 2 Corn Price 2 USD/IDR 3 Poultry Feed OPM has been stable around 10% - 11% as feed has the ability to effectively pass
Slide 13: Segmental Trends: PT Japfa Tbk (Poultry)
Segmental Trends: PT Japfa Tbk (Poultry) Revenue (IDR Billion) Operating Profit (IDR Billion) Operating Profit Margin (%) 62,126 4,178 6,505 3,521 3,598 898 3,233 242 48,543 25.0% 47,123 43,338 5,568 5,037 20,361 895 195 22.6% 264 5,185 1,722 1,341 13,902 15,625 12,681 6,895 14.0% 13.6% 6,414 10.2%
Slide 14: Japfa Ltd: A Leading Pan-Asian Industrialized Agri-Food Company
3 Japfa Ltd: A Leading Pan-Asian Industrialized 3 Agri-Food Company WHAT WE DO WHERE WE ARE WHY WE DO IT We produce quality We employ over 3 billion people living protein staples, dairy, 40,000 people across in our target markets and packaged food that Singapore, Indonesia, More than 40% of the nour
Slide 15: Industrialised Business Model: Leading Market Positions
4 Industrialised Business Model: Leading Market Positions Leading upstream regional market positions Average Daily Milk Yield (ADM)1 China 40.1 kg/head #1 DOC Production1 Vietnam 20% #2 Poultry Feed Production1 Myanmar 27% #1 DOC Production1 Myanmar 26% #2 2nd largest Indonesian poultry feed and DOC
Slide 16: Experienced and tenured management team
5 Experienced and tenured management team Proven track record of guiding the Company through various cycles Board of Commissioners* Ito Sumardi Syamsir Siregar Hendrick Kolonas Djuni Sanyoto President Commissioner Independent Commissioner Commissioner Year of agri Year of agri Year of Agri experienc
Slide 17: Financial and Operational Highlights
FINANCIAL AND OPERATIONAL HIGHLIGHTS
Slide 18: PT Japfa Tbk – Financial Performance
PT Japfa Tbk – Financial Performance Revenue Operating Profit EBITDA PAT Rp Billion Rp Billion Rp Billion Rp Billion 1Q 2022 12,154 979 1,316 647 12.9% y-o-y (33.6%) y-o-y (27.1%) y-o-y (29.4%) y-o-y 1Q 2021 10,769 1,475 1,804 916 PT Japfa Tbk posted healthy results, despite high cost environment
Slide 19: Major Global External Factors
Major Global External Factors Major global factors we are facing at the start of 2022: Geopolitical tensions, especially the recent developments between Russia and Ukraine, may disrupt global economies, supply chains and commodities prices. This may impact the cost of raw materials and consumer pu
Slide 20: Covid-19 Impact
Covid-19 Impact Supply and Operations As Japfa Group supplies about 20-25% of animal protein foods in many countries where we operate, we play an essential role in supplying staple foods. As such, the impact of Covid-19 on our operations has not been material and we continue to run our farms and fee
Slide 21: Japfa Sustainability Journey
Japfa Sustainability Journey Participated as a road tester in the The standalone sustainability Social LCA/SLCA Project initiated report was by the United Nations Environment Sustainability has been at issued to prominently the core of our operations Life Cycle Initiative and Social LC showcase our
Slide 22: PT Japfa Tbk Sustainability-Linked Bond (SLB)
PT Japfa Tbk Sustainability-Linked Bond (SLB) Tbk – US$350m 5.375% 5NC3 Senior Unsecured SLB (Reg S) due Mar 2026 • First-ever SLB issued in the agri-food space in the world • In addition, this is the first ever high yield SLB in Asia and first USD-denominated SLB in Southeast Asia • Orderbook was o
Slide 23: The Asset Triple A Sustainable Capital Markets Country & Regional Awards 2021
The Asset Triple A Sustainable Capital Markets Country & Regional Awards 2021 On Tuesday, 22 March 2022, PT Japfa Comfeed Indonesia Tbk has been honored with the following awards at the The Asset Triple A Sustainable Capital Markets Country & Regional Awards 2021: Best Issuer for Sustainable Fin
Slide 24: PT Japfa Tbk – Stable rolling operating profit
PT Japfa Tbk – Stable rolling operating profit PT Japfa Tbk is an agri-food business, hence will be subject to cyclicality which directly impacts its revenue and profitability. Cyclicality is dependent on a variety of external factors, which are beyond the Company’s control, including the seasonal
Slide 25: Proven financial track record
Proven financial track record Net Revenues Operating Profit EBITDA Net Profit (IDR Billion) (IDR Billion) (IDR Billion) (IDR Billion) 12,154 10,769 1,475 1,804 979 1,316 916 647 1Q 2021 1Q 2022 1Q 2021 1Q 2022 1Q 2021 1Q 2022 1Q 2021 1Q 2022 Total Assets Net Debt / Equity (%) CAPEX Total Interest Be
Slide 26: Capex
Capex (IDR Billion) 1,923 1,645 299 FY2020 FY2021 YTD Mar 22 Note: Certain prior periods’ figures have been restated to conform with the presentation in the consolidated financial statements 25
Slide 27: Thank You
PT JAPFA COMFEED INDONESIA Tbk Thank You IMPORTANT NOTICE: This investor presentation is for information only and should not be relied upon to make any investment or divestment decision with respect to securities of PT Japfa Tbk. Shareholders and potential investors are advised to seek independent a
PT Japfa Comfeed Indonesia — Q1 2022 Earnings Presentation on 6ix