Pt Selamat Sempurna Tbk · IDX:SMSM
Pt Selamat Sempurna Tbk — dbAccess Indonesia Conference 2014
35 slides from Pt Selamat Sempurna Tbk's conference presentation, Nov 18, 2014
Slide 1: dbAccess Indonesia Conference 2014
dbAccess Indonesia Conference 2014 Four Seasons Hotel, Jakarta 18 November 2014
Slide 2: Fact Sheet about SMSM
Fact Sheet about SMSM PT Selamat Sempurna Tbk (SMSM) 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 more than 110 c
Slide 3: 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. 3
Slide 4: Exported to more than 110 countries worldwide
Exported to more than 110 countries worldwide 1. Afghanistan 26. Ecuador 51. Kyrgyzstan 76. Peru 101. Trinidad & Tobago 2. Angola 27. Ethiopia 52. Lebanon 77. Philippines 102. Tunis 3. Argentina 28. Equatorial Guinea 53. Libya 78. Poland 103. Turkey 4. Austria 29. Fiji Island 54. Lithuania 79. Portu
Slide 5: Capacity & Utilization
Capacity & Utilization Filtration Capacity Production % Utilization 2009 72.000 39.596 55% 2010 72.000 48.256 67% 2011 96.000 51.974 54% 2012 96.000 51.800 54% 2013 96.000 53.580 56% Aluminum Copper Brass Radiator Capacity Production % Capacity Production % 2009 750 629 84% 450 108 24% 2010 1.500 73
Slide 6: Capacity & Utilization Bodymaker & Other Products
Capacity & Utilization Bodymaker & Other Products Production Product Capacity 2013 % 2012 % 2011 % 2010 % 2009 % Bodymaker 10.000 2.704 27% 3.871 39% 3.514 35% 2.615 26% 1.849 18% Brake Pipe 1.800 1.151 63% 871 48% 610 34% 477 26% 219 12% Fuel Tank 96 64 66% 68 71% 56 58% 45 47% 27 28% Muffler 76 47
Slide 7: 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: 7
Slide 8: List of OEM/OES
List of OEM/OES • Anhui HA •JCB • Bei Ben • KIA • Carrier • Kobelco • Caterpillar • Komatsu • Chery • Kubota • Chevrolet • MAN • CNH (New Holland) • Mazda • Daihatsu • Mercedes-Benz • Ford • Mitsubishi • Foton • Nissan • Greatwall • Shanghai DE • Hino • Shantui CM • Hitachi • Suzuki • Holden • TCM •
Slide 9: 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 10: Quality Management System
Quality Management System • ISO 9002:1994 Certifications • QS-9000 Certifications • ISO 9001:2000 Certifications • ISO 9001:2008 Certifications • ISO/TS 16949:2002 Certifications • ISO/IEC 17025:1999 Accreditations • ISO/IEC 17025:2005 Accreditations 10
Slide 11: 21 Years Consecutive Sales Growth
21 Years Consecutive Sales Growth No Year Net Sales 1992 21 1 1993 24 2373 2 1994 78 3 1995 102 2269 4 1996 127 2072 5 1997 161 6 1998 350 Asia Crisis 7 1999 359 8 2000 503 1562 9 2001 565 1375 10 2002 603 1354 11 2003 638 12 2004 731 1064 13 2005 862 862 881 14 2006 881 638 731 15 2007 1.064 603 US
Slide 12: 11 Years Consecutive Net Income
11 Years Consecutive Net Income Year Net Income 2002 40 1 2003 48 308 2 2004 57 3 2005 66 4 2006 66 219 212 5 2007 80 6 2008 91 150 133 7 2009 133 8 2010 150 80 91 66 9 2011 212 66 48 57 10 2012*) 219 40 11 2013 308 '02 '03 '04 '05 '06 '07 '08 '09 '10 11 12 13 Amount in billion Rupiah *) Restated 12
Slide 13: 14 Years Consecutive Export Sales Growth
14 Years Consecutive Export Sales Growth No Year Export Sales 1999 249 1 2000 340 1479 2 2001 379 3 2002 425 1317 4 2003 462 1339 5 2004 542 1139 6 2005 650 1035 1027 7 2006 695 8 2007 829 829 9 2008 1.027 650 10 2009 1.035 695 11 2010 1.139 462 542 425 12 2011 1.317 379 340 13 2012 1.339 249 14 201
Slide 14: 9 Years Consecutive Dividend Payment Growth
9 Years Consecutive Dividend Payment Growth Total Dividend Earning Financial Dividend Payout No Per Per Year Ratio (In Bio IDR) Share Share 2004 25,97 20 44 45% 1 2005 32,47 25 46 49% 2 2006 41,08 30 46 62% 3 2007 57,59 40 56 72% 115 4 2008 86,38 60 64 94% 105 95 100 90 5 2009 129,57 90 92 98% 6 201
Slide 15: Performance 3Q - 2014
Performance 3 Uy” PT SELAMAT SEMPURNA Tbk.
Slide 16: Comparative Financial Highlights 3Q - 2014
Comparative Financial Highlights 3Q - 2014 Financial Highlights 3Q ’14(U) 3Q ’13(U)* Var %Var Net Sales 1,933 1,664 269 16,16% Gross Profit 554 409 145 35,52% Net Income attributable to: Equity holders of the Parent Co. 273 179 95 53,13% Non-controlling Interest 22 20 2 9% Current Asset 1,130 1,048
Slide 17: Financial Ratio
Financial Ratio Financial Ratio 3Q ’14(U) 3Q ’13(U) 2013 2012 Net Sales Growth 16% 5% Asset Growth 8% 9% Equity Growth *) 16% 14% Gross Profit Margin 29% 25% 27% 26% Net Income Margin *) 14% 11% 13% 10% Return on Assets 17% 12% 20% 16% Return on Equity *) 28% 21% 37% 30% Total Debt / Total Asset 35%
Slide 18: Sales by Region 3Q - 2014
Sales by Region 3Q - 2014 3Q - 2014 3Q - 2013 Inc /(Dec) Region Rp % Rp % Rp % Local 604 31% 673 40% (69) (10%) Asia 501 26% 374 22% 127 34% America 388 20% 298 18% 90 30% Europe 278 14% 196 12% 82 42% Australia 135 7% 99 6% 36 36% Africa 27 1% 24 1% 3 14% Total 1.933 100% 1.664 100% 269 16% Amount
Slide 19: Sales Performance 3Q-2014
Sales Performance 3Q-2014 Sales (Rp) Inc/(Dec) Market 3Q - 2014 % 3Q - 2013 % Rp % Export 1.329 69% 991 60% 338 34% Local 604 31% 673 40% (69) (10%) Total 1.933 100% 1.664 100% 269 16% Sales (Rp) Inc/(Dec) Product 3Q - 2014 % 3Q - 2013 % Rp % Filter 1.481 77% 1.138 68% 343 30% Radiator 297 15% 293 1
Slide 20: 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 [settle] • Seri C Rp.80.000.000.000,- Maturity 5 years • Seri A 8,9% per year settle 13 J
Slide 21: Structure of Company relationship with the Subsidiaries and Associates
Structure of Company relationship with the Subsidiaries and Associates SMSM PJM HP PTC SSP TRSS POSCO IJPC 70,00% 51,00% 99,99% 99,99% 33,00% 15,00% CMG 99,99% PJM : PT PANATA JAYA MANDIRI HP : PT HYDRAXLE PERKASA PTC : PT PRAPAT TUNGGAL CIPTA CMG : PT CAHAYA MITRA GEMILANG SSP : PT SELAMAT SEMPANA
Slide 22: 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 3Q ’14 (U) 3Q ’13 (U) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 403 334 488 450 509 441 Gross Profit 94 75 118 106 116 91 Income From Operations 80 60
Slide 23: 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 Effective on October 10, 2014, the shareholders of HP agreed to proportionately decrease the share capital in HP by Rp.45.917.640.000 to became Rp.1
Slide 24: 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 3Q‘14 (U) 3Q’13 (U) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 240 242 329 290 259 223 Gr
Slide 25: PT Cahaya Mitra Gemilang – CMG (Subsidiary Company of PTC)
PT Cahaya Mitra Gemilang– CMG (Subsidiary Company of PTC) PTC owns a 99,99% stake in CMG (acquire on June 2014) Specializes on the distribution of the Company products in North Sumatera and Nanggroe Aceh Darussalam Financial Highlights 3Q’14 (U) 3Q’13 (U) 2013(A) 2012 (A) 2011 (A) Net Sales 26,3 24,
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, rubber compounds, polyurethanes, and plastisol adhesives for automotive industries Financial Highlights 3Q’14 (U) 3Q’13 (U) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 133 100 138 115
Slide 27: 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 3Q’14(U) 3Q’13(U) ‘13 (A) ’12 (A) ’11 (A) ’10(A) Highli
Slide 28: 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 29: $50 Billion Filtration Market
$50 Billion Filtration Market Source : Donaldson Company Inc. Presentation 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,
Slide 30: $16 Billion Targeted Filtration Market
$16 Billion Targeted Filtration Market HD Engine/Mobile, $8 Industrial Air, $4 Automotive, $3 $ 16 Billion Ind. Hydraulic, $1 30
Slide 31: Outlook 2014
Outlook 2014 2014 2013 2012 2011 2010 2009 2008 (F) (A) (A) (A) (A) (A) (A) Net Sales 2.679 2.373 2.269 2.072 1.562 1.375 1.354 Net Income *) 320 308 219 212 150 133 91 NPM 12% 13% 10% 10% 10% 10% 7% ROA 20% 20% 16% 18% 15% 15% 11% ROE 37% 37% 30% 32% 29% 27% 17% Debt/Equity 62% 69% 71% 70% 88% 73%
Slide 32: 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 5 Trillion F
Slide 33: Award
Award Primaniyarta Award SWA Magazine Rekor Bisnis Museum Rekor Dunia - (2009,2011,2012,2013&2014) (2010 & 2011) (2011) Indonesia Global Brand Developer Top 50 Indonesia Global Brand & Recognition as The Greatest (2011) Global Brand Creator Top 250 Indonesia Original Brand Number of Filter Brand Rec
Slide 34: Milestone and Achievement 2014
Milestone and Achievement 2014 • The Best Vendor Contribution for Automotive Parts 2013 • The Best Vendor Performance 2013 • Best Listed Companies 2014 in Diversified Manufacturing Sector • Reco gnition a s one o f In don esia Most Admired Co mpany 2014 (#3) in the category o f Auto motive Spare Par
Slide 35: Thank You
Thank You This report has been prepared by PT Selamat Sempurna Tbk independently and is circulated for the purpose of general information only. It is not intended for the specific person who may receive this report. The information in this report has been obtained from sources which we deem reliable
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