Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — Q1 2024 Earnings Presentation
27 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, May 15, 2024
Slide 1: Corporate Presentation 1Q 2024
Corporate Presentation 1Q 2024 PT Garuda Indonesia (Persero) Tbk May, 15th 2024 Moving Forwards A Sustainable Future © 2024 GARUDA INDONESIA Garuda Indonesia Support Sustainable Development Goals
Slide 2: Disclaimer
DISCLAIMER This presentation material was prepared by PT Garuda Indonesia (Persero) Tbk. (“GIAA”/“Company”) and has not been independently verified. No representation or warranty, express or implied, is made and no reliance is made on the accuracy or completeness of the information presented or cont
Slide 3: Board of Directors
BOARD OF DIRECTORS Prasetio Rahmat Hanafi Ade Ruchyat Susardi Irfan Setiaputra Tumpal Manumpak Hutapea Director of Finance & Risk Director of Maintenance & Director of Services & Commercial President & CEO Director of Operations Management Caretaker of Director of Human Capital 3
Slide 4: Summary Highlight
SUMMARY HIGHLIGHT PT Garuda Indonesia (Persero) Tbk (“Garuda Indonesia”) is continuing to optimize its performance after completing the restructuring at the end of 2022 and achieving a solid business performance baseline in 2023. The group's business revenue in 1Q 2024 grew by 18.07% to USD 711.98 m
Slide 5: Highlights of Garuda Indonesia's Key Events in 1Q 2024
HIGHLIGHTS OF GARUDA INDONESIA'S KEY EVENTS IN 1Q 2024 05 JANUARY 07 FEBRUARY 01 MARCH 13 MARCH Garuda Indonesia, starting on April 4, 2024, Garuda Indonesia will gradually increase Garuda Indonesia has completed the partial flight frequencies on five international officially operates a new route, J
Slide 6: Performance Achievement & Recognition 1Q 2024
PERFORMANCE ACHIEVEMENT & RECOGNITION 1Q 2024 No. 1 On-time Performance Winner of the 20 Most Popular Indonesia WOW Brand 2024 Global Airline 2023 Institutions/Corporations Airline Category by OAG Flightview in Print and Online Media by MarkPlus, Inc by PR Indonesia Awards 2024 Nusantara Award 2024
Slide 7: How is GIAA stock doing?
How is GIAA stock doing? GIAA SHARE 1Q 2024 On 27 Jan 2024, Garuda submitted information disclosure regarding the removal of the B notation in GIAA shares and on 30 Jan 2024, the B notation was removed from GIAA shares. In Feb 2024, market capitalization increased by 0.28T 1Q 2024 GIAA shares entere
Slide 8: GIAA Shareholders Distribution
GIAA SHAREHOLDERS DISTRIBUTION After Rights Issue and Private Placement in December 2022, SHARES OWNERSHIP March 2024 Below composition of GIAA share ownership % DOMESTIC GOVERNMENT OF REPUBLIC INDONESIA 59.038.124.403 64,54% TRANS AIRWAYS 7.316.798.262 8,00% FOREIGN RETAIL FOREIGN 0.36% LOCAL INSTI
Slide 9: Management Highlight 1Q 2024
Management Highlight 1Q 2024 SUSTAIN PROFITABILITY SUSTAIN OPERATIONS IMPROVING FINANCIALS Operating Revenue Increased by Production (ASK) adjust demand The Group Revenue Passengers 18.07% YoY and support company grew by 19.90% grew by 19.77% to reach a top line USD 711.98 million Frequencies Increa
Slide 10: Strategic Plan in 2024
Strategic Plan in 2024 IMPROVING NEGATIVE EQUITY REVENUE ENHANCEMENT MANAGE OPERATIONAL EXPENSES • Increase in passenger traffic • Network Development • Fleet cost management • Corporate Action Subsidiaries • Enhance Partnership & Ancillary • Fuel cost management • Meeting the requirements to exit t
Slide 11: How Our Corporate Strategy Can Make Us Rebound Forward
How Our Corporate Strategy, Can Make Us Rebound Forward REBOUND FORWARD SIMPLE • Focus on Domestic Routes, and Selective International Routes • Flight Planning Coordination With Citilink Simple • Fleet Type Optimization • Optimizing BUMN Collaboration • Effective Organizational Development • Integra
Slide 12: Operational & Financial 1Q 2024
OPERATIONAL & FINANCIAL 1Q 2024 12
Slide 13: The Group Financial in 1Q 2024
THE GROUP FINANCIAL IN 1Q 2024 Operating 18.07% Operating 170.72% Revenue 711,98 Result 16.59 602,99 USD million USD million -23.46 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Net Income EBITDA 63.33% 21.28% USD million USD million 168.30 103.04 -86.82 -110.04 Q1 2023 Q1 2024 Q1 2023 Q1 2024 13
Slide 14: The Group's Operating Revenue Highlight
THE GROUP’S OPERATING REVENUE HIGHLIGHT Scheduled Airlines Non Schedule Airlines USD million USD million 599.02 18.19% 53.63% *QoQ 19.68 *QoQ 12.81 506.83 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Others USD million 11.91% *QoQ 93.28 1Q 2019 1Q 2024 Recovery INDICATOR Pre Covid Current Level Scheduled Airline
Slide 15: The Group's Operational Performance Highlight
THE GROUP’S OPERATIONAL PERFORMANCE HIGHLIGHT Passenger Carried Cargo Carried 55,601 In million passenger In Ton 5.42 19.79% 39,543 40.61% *QoQ *QoQ 4.53 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Available Seat Kilometer (ASK) In billion ASK 1Q 2019 1Q 2024 Recovery INDICATOR Pre Covid Current Level 9.09 19.9
Slide 16: The Group's Operating Expense Highlight
THE GROUP'S OPERATING EXPENSE HIGHLIGHT Fuel Burn CASK (In million liter) (COST AVAILABLE SEAT KILOMETERS) USc 0.97% 20.14% *QoQ 7.03 *QoQ 297.99 248.02 6.96 Q1 2023 Q1 2024 Q1 2023 Q1 2024 CASK EXC FUEL (COST AVAILABLE SEAT KILOMETERS EXC FUEL) 6.74% Usc *QoQ 4.48 • Fuel contributes 41.0% to total
Slide 17: The Group's Operated Aircraft
The Group’s Operated Aircraft Operated by Garuda Indonesia Operated by Citilink Aircraft Type Mar-23 Mar-24 Aircraft Type Mar-23 Mar-24 Narrow Body Narrow Body Boeing 737-800NG 35 37 Airbus 320-200 32 34 Total Narrow Body 35 37 Airbus 320-200 Neo 5 6 Wide Body ATR72-600 5 5 Boeing 777-300ER 7 7 Tota
Slide 18: Appendix
Appendix RUDA INDONESIA
Slide 19: Consolidated Operational Performance
Consolidated Operational Perfomance The Group Took on board 5.4 Million Passengers in 1Q 2024 (Currency in Million USD, except stated otherwise) INDICATOR Q1 2023 Q1 2024 % YoY OPERATIONAL *Utilization (hour) 7:35 7:37 00.02 *On-Time Perfomance 88.18 88.59 0.41% ASK (Billion) 7.58 9.09 19.90% Seat L
Slide 20: International Market Improve; Domestic Market increased
International Market Improve; Domestic Market increased (Currency in Million USD, except stated otherwise) Domestic Q1 2023 Q1 2024 % YoY Passenger Carried (Million) 1.45 1.89 30.12% ASK (Billion) 2.13 2.47 16.10% Seat Load Factor (%) 69.18 78.25 9.07 pp Revenue Passenger 156.8 182.4 16.30% Passenge
Slide 21: Main Brand and Citilink Performance
(Currency in Million USD, except stated otherwise) Main Brand Q1 2023 Q1 2024 % YoY Passenger Carried (Million) 1.81 2.42 33.62% ASK (Billion) 4.61 5.66 22.89% Seat Load Factor (%) 72.33 73.89 1.56 pp Revenue Passenger 303.2 351.7 16.00% Passenger Yield (USc) 9.10 8.41 -7.60% Average Fares (US$) 167
Slide 22: Consolidated Statement of Profit (Loss)
Consolidated Statement of Profit (Loss) (Currency in Million USD, except stated otherwise) INDICATOR Q1 2023 Q1 2024 % YOY REVENUE Schedule Airline Service 506.83 599.02 18.19% Non Schedule Airline Service 12.81 19.68 53.63% Others* 83.35 93.28 11.91% Operating Revenue 602.99 711.98 18.07% EXPENSES
Slide 23: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position (Currency in Million USD, except stated otherwise) INDICATOR FY 2023 Q1 2024 % Chg. ASSETS Current Assets 653.77 679.32 3.91% Non current assets 6,073.83 6,046.69 -0.45% Total Assets 6,727.60 6,726.01 -0.02 Liability Current liabilities 1,165.15 1,394.51
Slide 24: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow (Currency in Million USD, except stated otherwise) INDICATOR Q1 2023 Q1 2024 %YOY CASH FLOWS Cash from operating activities -24.15 86.71 459.05% Cash from investing activities -92.60 -81.70 11.77% Cash from financing activities 5.79 -59.90 -1134.54% Beginning cash
Slide 25: Garuda Indonesia Parent Only - Operating Revenue Rose by 17%
GARUDA INDONESIA PARENT ONLY - Operating Revenue from Parent Rose by 17% Currency in Million USD, except stated otherwise FINANCIAL INDICATORS Q1-2024 *GROWTH (%) Operating Revenue 424.3 16.6% Operating Income 11.3 657.2% Net Income (68.9) -24.0% Assets 4,601.2 11.8% Liabilities 5,107.7 5.9% Equity
Slide 26: The Subsidiaries Revenue Contributed 46% of Total Group
The Subsidiaries Revenue approximately USD 364 Million, Contributed 46% of Total Group USD (Mio) USD (Mio) IDR (Bio) FINANCIAL INDICATORS Q1-2024 Grw*% Q1-2024 Grw*% Q1-2024 Grw*% Operating Revenue 226.35 25.77 98.58 14.87 597.69 -1.40 Operating Income 14.94 150.03 9.42 18.85 51.44 68.46 Net Income
Slide 27: Thank You
THANK YOU PT Garuda Indonesia (Persero), Tbk GROWING WITH RESILIENCE READY TO FLY HIGHER
PT Garuda Indonesia (Persero) — Q1 2024 Earnings Presentation on 6ix