Pt Selamat Sempurna Tbk · IDX:SMSM
Pt Selamat Sempurna Tbk — Corporate Update (August 2018)
31 slides from Pt Selamat Sempurna Tbk's corporate update, Aug 28, 2018
Slide 1: PT Selamat Sempurna Tbk Public Expose
PT Selamat Sempurna Tbk PUBLIC EXPOSE Jakarta, 28 Agustus 2018
Slide 2: Fact Sheet about PT Selamat Sempurna Tbk
Fact Sheet about PT Selamat Sempurna Tbk PT Selamat Sempurna Tbk is the flagship of ADR Group (Automotive Division) The Largest Filter Manufacturer in the region The Most Comprehensive range of products Serve more filtration and radiator products than any other auto component company Exported to mor
Slide 3: Manajemen / Management
Manajemen / Management Dewan Komisaris (BOC) : • Surja Hartono : Komisaris Utama (President Commissioner) • Handi Hidayat Suwardi : Komisaris Independen (Independent Commissioner) Direksi (BOD) : • Eddy Hartono : Direktur Utama (President Director) • Djojo Hartono : Direktur Operasional (Operational
Slide 4: Chronology of Listing & Capital Structure
Chronology of Listing & Capital Structure Nominal Value Stocks Accumulated Accumulated Description Date (Shares) (Rp.) IPO 09 Sep 1996 34.400.000 17.200.000.000 Bonus Shares 11 Nov 1997 196.768.000 98.384.000.000 Bonus Shares 12 Aug 1999 259.733.760 129.866.880.000 Stock Split (1:5) 10 Jul 2003 1.29
Slide 5: Composition of Shareholders
Composition of Shareholders Number of Shares Shareholders Issued and % Amount Fully Paid PT Adrindo IntiPerkasa 3.347.263.708 58,13% 83.681.592.700 Others (each with ownership interest 2.411.411.732 41,87% 60.285.293.300 below 5%) Total 5.758.675.440 100,00% 143.966.886.000 Share Ownership Number of
Slide 6: Production Plant - Indonesia
Production Plant - Indonesia Kapuk Plant (Radiator Facilities) Tangerang Plant (Filter Other Products & Subsidiaries) Filters : 96 millions pieces per year Radiators: 1.95 millions pieces per year 6
Slide 7: Product Range
Product Range With more than 8,000 part numbers available for automotive and heavy duty applications, we serve wide range of products than any other auto component company. With additional + 500 part numbers every year. 7
Slide 8: Brand Names
Brand Names Our Product brand names are well recognized in the after market as well as OEM & OES, both locally and internationally. Some of our brand names are: 8
Slide 9: Daftar / List of OEM/OES
Daftar / List of OEM/OES • ATLAS COPCO • ISUZU • SUMITOMO • CARRIER • JCB • SUZUKI • CASE NEW HOLLAND • KIA • TAKEUCHI • CHEVROLET • KOBELCO • TCM • DAIHATSU • KUBOTA • TEREX • DOOSAN • LINDE • TOYOTA • FOTON • MAN • UD TRUCKS • HINO • MANITOU • VOLVO • HITACHI • MAZDA • YALE • HONDA • MITSUBISHI •
Slide 10: Technical Assistance
Technical Assistance Filters • 1984: Donaldson Company Inc., USA (PT Panata Jaya Mandiri) • 1985: Mahle Japan Limited, Japan. (formerly Tsuchiya Manufacturing Co. Ltd., Japan) • 1988: Tokyo Roki Co., Ltd., Japan (PT Selamat Sempurna Tbk) Radiators & Others • 1979: Tokyo Radiators Mfg. Co. Ltd., Japa
Slide 11: 25 Years Consecutive Sales Growth
25 Years Consecutive Sales Growth No Year Net Sales No Year Net Sales 1992 21 21 2013 2.382 1 1993 24 22 2014 2.633 3,340 2 1994 78 23 2015 2.803 3 1995 102 24 2016 2.880 2,880 4 1996 127 25 2017 3.340 2,803 5 1997 161 2,633 6 1998 350 2,382 2,269 7 1999 359 2,072 8 2000 503 9 2001 565 10 2002 603 1
Slide 12: 15 Years Consecutive Net Income
15 Years Consecutive Net Income No Year Net Income 2002 40 1 2003 48 499 2 2004 57 3 2005 66 453 4 2006 66 428 5 2007 80 390 6 2008 91 7 2009 133 308 8 2010 150 9 2011 212 219 212 10 2012 219 11 2013 308 150 133 12 2014 390 80 91 13 2015 428 57 66 66 40 48 14 2016 453 15 2017 499 02 03 04 05 06 07 0
Slide 13: 18 Years Consecutive Export Sales Growth
18 Years Consecutive Export Sales Growth No Year Export Sales 1999 249 1 2000 340 2 2001 379 2,324 3 2002 425 2,051 4 2003 462 2,042 5 2004 542 1,832 6 2005 650 7 2006 695 1,479 8 2007 829 1,339 1,317 9 2008 1.027 1,139 10 2009 1.035 1,035 1,027 11 2010 1.139 829 12 2011 1.317 695 650 13 2012 1.339
Slide 14: 13 Years Consecutive Dividend Payment Growth
13 Years Consecutive Dividend Payment Growth Total Net • Paid quarterly dividend since 2016 Book Dividend Income Payout No Year (In Bio (In Bio Ratio • Increased annually for 13 years IDR) IDR) 2004 25,97 57 45% 1 2005 32,47 66 49% 2 2006 41,08 66 62% 299 3 2007 57,59 80 72% 266 4 2008 86,38 91 94%
Slide 15: Summary Performance 1H 2018
Summary Performance 1H 2018 Position as per 30 June 18 Changes Net Sales IDR 1.793 T 20% Profit for the Period* IDR 221 B 4% EPS IDR 38 4% * Attributable to Owners of the parent entity 15
Slide 16: Comparative Financial Highlights
Comparative Financial Highlights 6 Months Ended Compare Q to Y 1H'18 1H'17 1H'18 2017 Net Sales 1,793 1,494 1,793 3,340 Gross Profit 494 439 494 1,007 Profit for the period attributable to : Owners of the parent entity 221 213 221 499 Non-controlling Interest 34 26 34 56 Total Assets 2,714 2,331 2,7
Slide 17: Financial Ratio
Financial Ratio Compare Q to Q Compare Q to Y 1H'18 1H'17 1H'18 2017 Net Sales Growth 20% Total Asset Growth 16% 11% Total Equity Growth 15% 7% Gross Profit Margin 28% 29% 28% 30% Operating Profit Margin 18% 20% 18% 20% Net Income Margin *) 12% 14% 12% 15% Return on Assets 9% 10% 9% 23% Return on Eq
Slide 18: Sales Performance 1H 2018
Sales Performance 1H 2018 (6 Months Ended) Sales (Rp) Increase /(Decrease) Market 1H’18 % 1H’17 % Rp % Indonesia 607 34% 463 31% 144 31% Overseas 1.186 66% 1.031 69% 155 15% Total 1.793 100% 1.494 100% 299 20% Sales (Rp) Increase /(Decrease) Product 1H’18 % 1H’17 % Rp % Filter 1.298 72% 1.079 72% 21
Slide 19: Sales by Region
Sales by Region 6 Months Ended Continent 1H 2018 1H 2017 Inc / (Dec) Rp % Rp % Indonesia 607 34% 463 31% 31% Asia 572 32% 533 36% 7% America 238 13% 249 17% (4%) Europe 210 12% 175 12% 20% Australia 142 8% 54 4% 161% Africa 24 1% 20 1% 19% Total 1.793 100% 1.494 100% 20% Amount in Billion Rupiah 19
Slide 20: Investment Activity 6 Months Ended in 2018
Investment Activity 6 Months Ended in 2018 June 2018 : on Friday, 29 June 2018, PT Selamat Sempurna Tbk, has signed a Share Purchase Deed related to Share Purchase Transaction in Sure Filter Thailand Co., Ltd (“SF-Thailand”), a Company registered and incorporated under the laws of Thailand . Total v
Slide 21: Investment Activity continue
Investment Activity continue ….. Independent parties engaged in connection with the Transaction and appointed by the Company are as follows: The Company had appointed Public Appraiser Office (Kantor Jasa Penilai Publik) Iskandar dan Rekan (hereinafter referred to as “Appraiser”) as independent appra
Slide 22: Structure of Company with the Subsidiaries and Associates
Structure of Company with the Subsidiaries and Associates Holding : BRADKE : BRADKE SYNERGIES SDN BHD Distribution : Manufacture : PTC : PT PRAPAT TUNGGAL CIPTA PJM : PT PANATA JAYA MANDIRI CMG : PT CAHAYA MITRA GEMILANG HP : PT HYDRAXLE PERKASA CSR : PT CAHAYA SEJAHTERA RIAU SSP : PT SELAMAT SEMPAN
Slide 23: 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 1H’18(U) 1H’17(U) Inc/ (Decr) % Net Sales 428 344 24% Gross Profit 90 80 12% Income From Operations 73 66 11% Profit for the period 58 49 19% Current Ass
Slide 24: PT Hydraxle Perkasa – HP (Subsidiary Company)
PT Hydraxle Perkasa – HP (Subsidiary Company) SMSM owns a 51% stake in HP Manufacture dump hoist and body maker of dump truck, trailer, mixer, and tank Financial Highlights 1H’18(U) 1H’17(U) Inc/ (Decr) % Net Sales 184 115 61% Gross Profit 41 22 82% Income From Operations 32 17 84% Profit for the pe
Slide 25: PT Prapat Tunggal Cipta – PTC (Subsidiary Company)
PT Prapat Tunggal Cipta– PTC (Subsidiary Company) SMSM owns a 99.9% stake in PTC Sole distributor that specializes on the trading of the Company products in Indonesia aftermarket sectors. Financial Highlights 1H’18(U) 1H’17(U) Inc/ (Decr) % Net Sales 212 199 7% Gross Profit 50 46 10% Income From Ope
Slide 26: PT Selamat Sempana Perkasa – SSP (Subsidiary Company)
PT Selamat Sempana Perkasa – SSP (Subsidiary Company) SMSM owns a 99.9% stake in SSP manufacturers rubber O-rings, polyurethanes, and plastisol adhesives for automotive industries Financial Highlights 1H’18(U) 1H’17(U) Inc/ (Decr) % Net Sales 103 97 7% Gross Profit 15 13 13% Income From Operations 1
Slide 27: Bradke Synergies Sdn Bhd – BRADKE (Subsidiary Company)
Bradke Synergies Sdn Bhd – BRADKE (Subsidiary Company) SMSM owns a 100,00% stake in Bradke Bradke is the Holding Company which had subsidiaries of which are (i) Manufacturing of filters product & the Company's Supplier for machinery (Filton Industries Sdn Bhd), the Company's sole distributor of filt
Slide 28: Sure Filter Thailand – SF THAILAND (Associate Company)
Sure Filter Thailand – SF THAILAND (Associate Company) SMSM owns a 44,00% stake in SF Thailand [acquire on June 29, 2018] SF Thailand is the Company's sole distributor of filter and radiator products in Thailand Financial Highlights 1H’18 (U) 1H’17 (U) Inc/ (Decr) % Net Sales 137 114 21% Gross Profi
Slide 29: PT POSCO Indonesia Jakarta Processing Center (Associate Company)
PT POSCO Indonesia Jakarta Processing Center (Associate Company) SMSM owns a 15% stake in POSCO IJPC Joint venture with POSCO and DAEWOO International Corporation Financial Highlights 1H’18(U) 1H’17(U) Inc/ (Decr) % Net Sales 48.21 41.75 15% Gross Profit 2.15 1.89 14% Income From Operations 0.82 0.6
Slide 30: PT Tokyo Radiator Selamat Sempurna (Associate Company)
PT Tokyo Radiator Selamat Sempurna (Associate Company) SMSM owns a 33% stake in TRSS Joint venture with Tokyo Radiator Mfg. Co. Ltd Financial Highlights 1H’18(U) 1H’17(U) Inc/ (Decr) % Net Sales 46 38 20% Gross Profit 12 10 22% Income From Operations 6 5 20% Net Income 5 4 15% Current Asset 67 46 46
Slide 31: Achievement 2018
Achievement 2018 Month Achievement January •100 Fastest Growing Companies Awards 2017 in the Sub Sector of Automotive Components of the Miscellaneous Industry Sector by InfoBank. •2018 Indonesia Automotive Component Manufacturer of The Year From Frost&Sullivan April • The Best Vendor Performance 201