Pt Selamat Sempurna Tbk · IDX:SMSM
Pt Selamat Sempurna Tbk — Investor Day (May 2013)
33 slides from Pt Selamat Sempurna Tbk's investor day presentation, May 2, 2013
Slide 1: IDX Institutional Investor Day 2013
IDX Institutional Investor Day 2013 Performance 2012 Outlook 2013 IDX - Investor Day - May 02, 2013
Slide 2: Fact Sheet
Fact Sheet The Largest Filter Manufacturer in region The Most Comprehensive range of product Exported to more than 100 countries worldwide Trademark Registration in more than 100 countries worldwide 2
Slide 3: Filtration
Filtration Heavy Equipment Filter Automotive Filter Cabin Air Filter Air Oil Separator Filter 3
Slide 4: Heat Exchanger
Heat Exchanger Aluminum Plastic Radiator All Aluminum Racing Radiator Copper Brass Radiator Oil Cooler Copper Plastic Radiator Heavy Equipment Radiator Radiator for Genset 4
Slide 5: Capacity & Utilization
Capacity & Utilization Filtration Capacity Production % Utilization 2008 70.800 44.950 63% 2009 72.000 39.596 55% 2010 72.000 48.256 67% 2011 96.000 51.974 54% 2012 96.000 51.800 54% Heat Aluminum Copper Brass Exchanger Capacity Production % Capacity Production % 2008 750 525 70% 450 82 18% 2009 750
Slide 6: Capacity and Utilization of Carosserie & Other Products
Capacity and Utilization of Carosserie & Other Products Production Product Capacity 2012 % 2011 % 2010 % 2009 % Carosserie 10.000 3.871 39% 3.514 35% 2.615 26% 1.849 18% Brake Pipe 1.800 871 48% 610 34% 477 26% 219 12% Fuel Tank 96 68 71% 56 58% 45 47% 27 28% Muffler 76 42 55% 31 40% 28 37% 11 15% A
Slide 7: Performance
Performance 2 _/U/” PT SELAMAT SEMPURNA Tbk.
Slide 8: Comparative Financial Highlights
Comparative Financial Highlights Financial Highlights 2012 2011* Var %Var Net Sales 2.164 1.808 356 20% Gross Profit 547 461 86 19% Income from Operation 363 297 66 22% Net Income attributable to: Equity holders of the Parent Company 233 201 32 16% Non-controlling Interest 35 18 17 92% Current Asset
Slide 9: Financial Ratio
Financial Ratio Financial Ratio 2012 2011* Net Sales Growth 20% 16% Asset Growth 27% 7% Equity Growth **) 7% 29% Gross Profit Margin 25% 25% Operating Income Margin 17% 16% Net Income Margin **) 11% 11% Return on Assets 16% 18% Return on Equity **) 36% 33% Total Debt / Total Asset 43% 41% Total Debt
Slide 10: Bond Information
Bond Information Name Obligasi Selamat Sempurna II Tahun 2010 Dengan Tingkat Bunga Tetap • Seri A Rp.80.000.000.000,- Maturity 370 days [settle] Series and Maturity • Seri B Rp.80.000.000.000,- Maturity 3 years • Seri C Rp.80.000.000.000,- Maturity 5 years • Seri A 8,9% per year settle 13 July 2011
Slide 11: Sales by Region
Sales by Region 2012 2011* Region Rp % Rp % Local 825 38% 491 27% Africa 31 1% 30 2% America 390 18% 395 22% Asia 499 23% 497 27% Australia 138 7% 139 8% Europe 282 13% 257 14% Total 2.164 100% 1.808 100% Amount in Billion Rupiah *) without Retrospective 11
Slide 12: Sales Performance 2012
Sales Performance 2012 Sales (Rp) Market 2012 % 2011* % Export 1.339 62% 1.317 73% Local 825 38% 491 27% Total 2.164 100% 1.808 100% Sales (Rp) Product 2012 % 2011* % Filter 1.403 65% 1.355 75% Radiator 385 18% 399 22% Karoseri 293 13% - - Other 83 4% 54 3% Total 2.164 100% 1.808 100% Amount In Bill
Slide 13: 20 Years Consecutive Sales Growth
20 Years Consecutive Sales Growth No Year Net Sales 1992 21 2164 1 1993 24 2 1994 78 3 1995 102 4 1996 127 1808 5 1997 161 6 1998 350 Asia Crisis 1562 7 1999 359 1375 8 2000 503 9 2001 565 1354 10 2002 603 1064 11 2003 638 862 12 2004 731 881 13 2005 862 638 731 14 2006 881 603 15 2007 1.064 503 565
Slide 14: 10 Years Consecutive Net Income
10 Years Consecutive Net Income Year Net Income 233 2002 40 1 2003 48 201 2 2004 57 3 2005 66 150 4 2006 66 133 5 2007 80 6 2008 91 80 91 66 7 2009 133 66 57 8 2010 150 48 40 9 2011*) 201 10 2012 233 '02 '03 '04 '05 '06 '07 '08 '09 '10 11 12 Amount in billion Rupiah *) without Retrospective 14
Slide 15: 13 Years Consecutive Export Sales Growth
13 Years Consecutive Export Sales Growth No Year Export Sales 1999 249 1339 1 2000 340 1317 2 2001 379 3 2002 425 1139 4 2003 462 1035 5 2004 542 1027 6 2005 650 829 7 2006 695 8 2007 829 650 695 9 2008 1.027 10 2009 1.035 462 542 11 2010 1.139 425 379 12 2011 1.317 340 13 2012 1.339 249 Amount in B
Slide 16: 6 Years Consecutive Local Sales Growth
6 Years Consecutive Local Sales Growth No Year Local Sales 2006 186 1 2007 235 2 2008 326 825 3 2009 339 4 2010 423 5 2011*) 491 6 2012 825 491 Amount in Billion Rupiah *) without Retrospective 423 326 339 235 186 '06 '07 '08 '09 '10 11 12 16
Slide 17: 7 Years Consecutive Dividend Payment
7 Years Consecutive Dividend Payment Dividend Earning Payout No Year Per Per Share Ratio Share 2004 20 44 45% 1 2005 25 46 49% 2 2006 30 46 62% 100 3 2007 40 56 72% 90 95 4 2008 60 64 94% 5 2009 90 92 98% 60 6 2010 95 104 91% 40 7 2011 100 140 71% 30 25 2012 80*) 162 49% 20 *) Dividend Interim Decla
Slide 18: Investment Activity in 2012
Investment Activity in 2012 • Januari 2012 : Establishment of PT Tokyo Radiator Selamat Sempurna, Ownership : 33% (Rp. 5.676.000.000,-) • May 2012 : Acquisition of PT Hydraxle Perkasa , Ownership : 49% (Rp. 113.132.316.000,-) • August 2012 : Increament ownership in PT Hydraxle Perkasa from 49% to 51
Slide 19: Structure of Company relationship with the Subsidiaries and Associate
Structure of Company relationship with the Subsidiaries and Associate PT SELAMAT SEMPURNA Tbk (SMSM) PT POSCO INDONESIA PT PANATA JAYA PT TOKYO RADIATOR PT HYDRAXLE PERKASA JAKARTA PROCESSING MANDIRI SELAMAT SEMPURNA (HP) CENTER (PJM) (TRSS) 51,00% (POSCO IJPC) 70,00% 33,00% 15,00% 19
Slide 20: PT Panata Jaya Mandiri – PJM (Subsidiary Company)
PT Panata Jaya Mandiri – PJM (Subsidiary Company) SMSM owns a 70% stake in PJM Joint venture with Donaldson Company Inc., USA Financial Highlights 2012 (A) 2011 (A) 2010 (A) 2009 (A) Net Sales 450 509 441 354 Gross Profit 106 116 91 70 Income From Operations 81 84 66 49 Net Income 62 61 48 34 Curren
Slide 21: PT Hydraxle Perkasa – HP (Subsidiary Company)
PT Hydraxle Perkasa – HP (Subsidiary Company) • On 1 May’12, SMSM acquired a 49% stake in HP, a leading domestic dump truck and hoist assembly company. • On 1 August’12, Selamat Sempurna increased its shareholding in HP from 49% to 51%. Financial Highlights PT Hydraxle Perkasa Financial Highlights 2
Slide 22: Sales Based on Business Segment in HP
Sales Based on Business Segment in HP Machinery Caroserie Sitting Center Total Engineering Year Rp % Rp % Rp % Rp 2010 188 82% 35 15% 6 3% 229 2011 263 85% 41 13% 6 2% 310 2012 296 87% 39 11% 6 2% 340 Amount in Billion Rupiah 22
Slide 23: POSCO IJPC (Associate Company)
POSCO IJPC (Associate Company) Established in 2005 Formerly PT International Steel Indonesia SMSM owns a 15% stake in POSCO IJPC Joint venture with POSCO and DAEWOO International Corporation Scope of activities mainly steel processing Financial Highlights ‘12 ’11 ’10 ‘09 Net Sales 67,9 58,3 35,1 31,
Slide 24: PT Tokyo Radiator Selamat Sempurna (Associate Company)
PT Tokyo Radiator Selamat Sempurna (Associate Company) Company Name PT Tokyo Radiator Selamat Sempurna Capital Paid in Capital IDR 33.700.000.000 Tokyo Radiator Mfg. Co. Ltd 67% Shareholder Composition PT Selamat Sempurna Tbk 33% Main Product Heat Exchanger 150.000 pcs Radiator / year Capacity 125.0
Slide 25: Summary Performance 2012
Summary Performance 2012 Net Sales Rp. 2.164 T 20% Net Income Rp. 233 B 16% EPS Rp. 162 16% *) without Retrospective in 2011 25
Slide 26: Outlook 2013
Outlook 2013 _/U/” PT SELAMAT SEMPURNA Tbk.
Slide 27: Global Market Data
Global Market Data 2016 Global Vehicle Production volume to exceed 95 million units Global Vehicle Production Forecast (Million Unit) Source : Calsonic Kansei Corp. Presentation 27
Slide 28: $50 Billion Filtration Market
$50 Billion Filtration Market Other, $6 Special Apps, $0.5 HD Engine/Mobile, $8 Gas Turbine, $0.8 Electronics, $1 Industrial Air, $4 HVAC, $5 Automotive, $3 Medical and Ind. Hydraulic, $1 Pharmaceutical, $5 Aerospace & Defense, $1 Food and Water Beverage, $5 Filtration, $10 Source : Donaldson Compan
Slide 29: $16 Billion Targeted Filtration Market
$16 Billion Targeted Filtration Market HD Engine/Mobile, $8 Industrial Air, $4 Automotive, $3 $ 16 Billion Ind. Hydraulic, $1
Slide 30: Outlook 2013
Outlook 2013 2013 2012 2011* 2010 2009 2008 (F) (A) (A) (A) (A) (A) Net Sales 2.450 2.164 1.808 1.562 1.375 1.354 Net Income 264 233 201 150 133 91 NPM 12% 11% 11% 10% 10% 7% ROA 16% 16% 18% 14% 14% 10% Debt/Equity 73% 76% 70% 96% 80% 62% EPS 184 162 140 104 92 64 Amount in Billion Rupiah except EPS
Slide 31: Long-Term Goal in year
Long-Term Goal in 5 year The Largest Filtration Manufacturer in Asia Pasific SAKURA as One of World’s Most Valuable Brands The Most Preferred Company to invest and to work for Committed to consecutive growth & financial performance Committed to strong dividend policy Sales more than IDR 4 Trillion F
Slide 32: Achievement 2012
Achievement 2012 Month Description March Recognition as The Best Brand Champion of Most Widely Used Car Air Filter and The Best Brand Champion of Most Widely Used Car Oil Filter from Marketers and Markplus Insight May Recognition as one of "100 Best Listed Companies" from Investor Magazine June Reco
Slide 33: Thank You
Thank You This presentation is not intended to form the basis of any investment decision with respect to PT Selamat Sempurna Tbk (SMSM or the “Company”) “Company”).. Neither the presentation nor anything contained herein shall from the basis of, or be relied upon in connection with, any contract or