Pt Malindo Feedmill Tbk · IDX:MAIN
Pt Malindo Feedmill Tbk — FY2023 Earnings Presentation
36 slides from Pt Malindo Feedmill Tbk's earnings presentation, 2024
Slide 1: Management Presentation Full Year Audited 2023 Results
MANAGEMENT PRESENTATION Full Year Audited 2023 Results Continue to build strong business through sustainable innovation and firm competitiveness MYR 1 = IDR 3,385 1
Slide 2: Malindo at a Glance
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Slide 3: Who We Are? What We Do? Why We Do It?
Who We Are? What We Do? Why We Do It? A modern food company We provide the best quality Poultry is a great source of protein originated from a fully integrated protein to people by producing consumed by most of the populations. poultry producer that brings value variety of quality poultry Our respon
Slide 4: Proven track records, always with progress, since 1997
Proven track records, always with progress, since 1997 1997 2000 2003 2006 2007 2008 Established Established Expanded to East Publicly listed Established entity in ▪ Issued Bonds PT Malindo PT Bibit Java by acquiring in Indonesia Stock Broiler Chicken ▪ Built Banten feedmill Feedmill Indonesia feedm
Slide 5: Proven track records, always with progress, since 1997 (Cont’d)
Proven track records, always with progress, since 1997 (Cont’d) 2022 2023 2024 Commenced operations of its ▪ Obtained export license ▪ Continued export of frozen and processed slaughterhouse in July 2022 from Singapore Food foods to Japan and Singapore Agency to sell frozen and processed foods ▪ Beg
Slide 6: Operates across Indonesia, caters nationwide market needs
Operates across Indonesia, caters nationwide market needs 6
Slide 7: Comprises of 4 solid and stable business segments
Comprises of 4 (four) solid and stable business segments 56% 13% 29% 2% Animal Feed Chicken Breeding Broiler Chicken Processed Food ❖ Core Line of Business ❖ Produces & markets broiler ❖ Produces & markets ❖ Produces & markets ❖ 5 feed mills across & commercial layer chicken chicken broilers by vari
Slide 8: Vision, Mission & Values truly represent Corporate Identity
Vision, Mission & Values truly represent Corporate Identity VISION MISSION To be the leading poultry To optimize our potential to company in its chosen market enhance the value for our segment shareholders and other stakeholders GOOD INTEGRITY TEAMWORK CORPORATE VALUES CUSTOMER COMMITMENT SATISFACTI
Slide 9: Experienced management team with global standards
Experienced management team with global standards Koh Bock Swi Lau Chia Nguang Tan Lai Kai Yongkie Handaya Brian M. O’Connor (Raymond Koh) President Commissioner Commissioner Independent Commissioner Independent Commissioner Independent Commissioner Year of Poultry Year of Poultry Year of Manufactur
Slide 10: Experienced management team with global standards
Experienced management team with global standards Tan Sri Lau Dato’ Seri Abdul Tuang Nguang Lau Joo Kiang Rewin Hanrahan Lau Joo Hwa Lau Joo Keat Rudy Hartono Husin Azim Bin Mohd Zabidi President Director Director Director Director Director Director Director Year of Poultry Year of Poultry Year of P
Slide 11: MAIN shares profile as a publicly listed company
MAIN shares profile as a publicly listed company Shares Information MAIN Subsidiaries ▪ 1997: Established in Jakarta Bibit Indonesia - 99.89% ▪ 2006: Publicly listed in IDX Parent stock DOC Chicken Farm Leong Ayamsatu Primadona - 99.98% DOC and broiler chicken farm Shares info as of 31.12.2023 Mitra
Slide 12: MAIN’s progressive financial growth over the past years
MAIN’s progressive financial growth over the past years Well managed business with prudent financial management Our vertically integrated business model has a strong value creation to our top line and to the improvement in profitability 12
Slide 13: Why We Enter into The Business
Why We Enter into The Business 13
Slide 14: What data reveals about Indonesia
What data reveals about Indonesia: rebounding consumptions, prudent fiscal and monetary policy, huge markets for poultry, good for business, post pandemic recovery Indonesia Population (2023) 278 Mn Approximately 70% of the total Indonesia population are young population, in which they are on their
Slide 15: What research reveals about Poultry in Indonesia
What research reveals about Poultry in Indonesia: Most preferred source of protein and most available & affordable ones Significance Availability Affordability Prospects Poultry is a major source of Most of region in Indonesia Meat other than Poultry, Indonesia is expected to play animal protein for
Slide 16: Indonesia’s Poultry Industry Trend: Path to price recovery
Indonesia’s Poultry Industry Trend: Path to price recovery exists in line with expected election spending as well as year-end seasonality Despite volatile live bird and DOC prices, moving Despite weaker purchasing power, live bird prices are forward strong possibility exist for recovery in those tre
Slide 17: Poultry on downstream side: Positive prospects with rising markets
Poultry on downstream side: Positive prospects with rising markets along the years Source: Indonesia Frozen Food Market Size and Forecast by Type; https://www.hexaresearch.com New target market: 68 million youths in Those conditions create demand for easy 0 0 Indonesia (10-24 years) seek for ready-t
Slide 18: How we see our markets
How we see our markets … Indonesia feed production capacity share (2022) Indonesia DOC production capacity share (2022) We are among the top 3 integrated players and well-positioned in the market supported by our strategic locations 18
Slide 19: Why are we in poultry business?
Why are we in poultry business? INDONESIA IS A LAND OF OPPORTUNITIES Attractive market due to its potential in consumptions, huge markets for poultry, good 01 for business, even after pandemic INDONESIA’S POULTRY WILL HAVE A GROWING ROLE Poultry is a major source of animal protein for almost 90% of
Slide 20: Our Business Model Delivering Strategy into Actions
Our Business Model Delivering Strategy into Actions 20
Slide 21: We drive our business through a vertically integrated business model
We drive our business through a vertically integrated business model UPSTREAM Core business in the Company’s value chain Animal Feed Production -Top revenue contributors Animal Feed Production -Top 3 players in animal feed industry share -Large scale feedmills with progressive capacity -Best feed pr
Slide 22: Our Business Strategy compels best in executions
Our Business Strategy compels best in executions Business Value Creation Good Cost Management High Quality Products Best-in-Class Process • Well Managed Product Cost • Good Cost of Quality • Best Poultry Feed • Process Excellence Well Managed • Well Maintained Indirect Cost • Best Farm Practice • Hi
Slide 23: Our business processes adhere to best practice models
Our business processes adhere to best practice models Animal Feed Business Process Breeding Farm Business Process High High Quality Quality Processed Fried Food Chicken 23
Slide 24: Operating Performance
Operating Performance Effective Strategy with Efficient & Prudent Execution 24
Slide 25: Revenue Contribution
Improved bottom-line due to strong feed prices and cost efficiency Continue to maintain margins through tight cost control mechanism and low net gearing Full Year 2023 & 2022 Increased top line and bottom line with Profit and Loss 1 stable segment contribution • Increasing Y-O-Y revenue growth of 8.
Slide 26: Full Year 2023 Profitability Performance
Full Year 2023 Profitability Performance - Profit & Loss Statements Q-o-Q Comparative Figures - Revenues Net Profit IDR IDR bn bn EBITDA EBIT IDR IDR bn bn 26
Slide 27: Full Year 2023 Financial Positions
Full Year 2023 Financial Positions - Y-o-Y Comparative Figures - Total Assets Net Gearing Ratio x Capex Total Interest-Bearing Debt IDR bn 27
Slide 28: Sunny Chick - New Evolution
Sunny Chick - New Evolution Completing the Poultry Value Chain 28
Slide 29: Our business continuously innovates by adding depth of downstream model
Our business continuously innovates by adding the depth of the downstream business model Focusing into a higher margin business via our fried chicken retail stores and projecting to grow further our retail chain from non-stores sources. We also celebrate 2nd anniversary sunny chick and we held event
Slide 30: Continue to generate value by product innovation
Continue to generate value by product innovation Keep innovating and develop new products as a way to differentiate our products from competitors, will lead to increased market share, revenue and customer satisfaction. GRAND OPENING NEW STORE – RADAR AURI GRAND OPENING NEW STORE – PENGANTIN ALI FOOD
Slide 31: There is no love sincerer than the love of food
There is no love sincerer than the love of food Sunny’Chick is committed in bringing the highest quality food to its customers at affordable prices October November December 31
Slide 32: Digitalization – New Way of Life
Digitalization – New Way of Life Driving Positive Impacts Towards Society 32
Slide 33: Our commitment towards digitalization
Our commitment towards digitalization Malindo is committed to provide its stakeholders with latest update on the company activities through its official Instagram account where they could obtain information on various activities the company is engaged in. To visit the site you could look up for @mal
Slide 34: Partnership with third-party e-commerce apps
Partnership with third-party e-commerce apps The company is in close collaboration with Grab Food, one of the largest ride-hailing app providers in Indonesia, and Shopee Food to further extending its customer reach “Grab’s share of Indonesia’s ride-hailing app 65%” “Grab Food leads the food delivery
Slide 35: Partnership with third party ride-hailing app – continued
Partnership with third party ride-hailing app – continued Its downstream processed food division also works closely with Grab, Shopee, Gomart and Blibli to promote its SunnyGold products to greater public. Shopee GoMart Blibli GrabMart 35
Slide 36: Thank you
PT Malindo Feedmill Tbk www.malindofeedmill.com Jl. RS Fatmawati No. 15 Komplek Golden Plaza Blok G No. 17 – 22 Jakarta Selatan, 12420 Sunny Gold Thank you Phone: +62-21 766 1727 @sunnygoldid Fax: +62-21 766 1728 mail: ir@malindofeedmill.co.id @sunnygoldid 36