Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA

Pt Garuda Indonesia (persero) Tbk Class B — FY2020 Earnings Presentation

37 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, Aug 23, 2021

  1. Slide 1: Corporate Presentation

    Jakarta, 23 August 2021 Corporate Presentation CONFIDENTIAL DRAFT

  2. Slide 2: Disclaimer

    This document has been prepared by Company for capital market community purposes. Several informations contained in this document have been prepared from several sources and the Company does not confirm the accuracy and completeness of such data, particularly where the data is sourced from outside t

  3. Slide 3: Shareholders Ownership and Share Performance

    hare Pe Shareholders Ownership + Improving operational performance + Macro positive sentiment 0 + Government support + Vaccine story 60.54% 4 AN 50 fo 25.81% . ‘A, | Lowering operational | +] performance due to \ COVID-19 5.78% 3.04% SEAR SS WE WT BE Se EST EE NE ASN ESE TE eect inetaonat 476% ‘ears

  4. Slide 4: Vision and Mission

    Misi “Strengthening business fundamental through strong revenue growth, cost leadership implementation, organization effectiveness, Visi “To become a sustainable aviation group by connecting Indonesia and beyond, while and group synergy reinforcement delivering Indonesian while focusing on high stan

  5. Slide 5: AKHLAK as the Core Values of SOE and Garuda Indonesia

    AKHLAK as the Core Values of SOE and Garuda Indonesia AMANAH KOMPETEN HARMONIS LOYAL Trustworthy Competent Harmonious Loyal We hold true We continue to We caring for We dedicated the given trust learn and each other and and prioritizing develop respecting the interests of capabilities differences th

  6. Slide 6: Corporate Strategy in 2020

    SS Garuda Indonesias <4 Corporate Strategy in 2020 MILESTONE 2020 FIXING THE BASIC Boosting Cargo & Charter Flight Program Cost Efficiency Revenue Stream Enhancement

  7. Slide 7: Corporate Highlight

    YS Corporate Highlight Garuda Indonesia~ 4 The Most Punctual Launcing New Platform The Best Airline in Developing Network in New Cargo Flight MCB Agreement Airline in The World “Kirimaja” Indonesia Priority Destination Manado - Narita >. ‘ aske : Sn TRAVEL ; SBAROMETER First Delivery of One of the G

  8. Slide 8: We Understand You #BecauseYouMatter

    YS... We Understand You #BecauseYouMatter Garuda Indonesia~ #AyoPakaiMasker jonesia Has Been Rated as 's Safest Airlines Physical Distancing One of The World’s Safest Airlines

  9. Slide 9: Effective Channel

    4 ¢ o. Effective Channel Distribution Network Expansion Organization Excellence Revenue Management Service Excellence Freighter Operation

  10. Slide 10: Business Development - Passenger

    Business Development - Passenger questa Garuda Indonesia sales program that invites all employees to become “Juragan Tiket’ Sales IDR 19.8 bio Ticket 6.105 Agent 738 (11% employees) For full year 2020 y- Garuda Indonesia ~ 4, o 10

  11. Slide 11: Government Support: Mandatory Convertible Bond

    Government Support Garuda Mandatory Convertible Bond Issuance Agreement Regulations: The Ministry of Finance of Republic of Indonesia Regulation No. 118/PMK.06/2020 in respects to 8 . Government investment to support National Economic Recovery Program Rereements On 28 December 2020, Garuda Indonesia

  12. Slide 12: Government Support (Continued): PKE NIA Facility

    Government Support (Continued) Garuda Y National Interest Account Export Work Program (PKE NIA) Facility The Ministry of Finance of Republic of Indonesia Regulation No. 118/PMK.06/2020 in respects to Regulations : Government investment to support National Economic Recovery Program Agreement: On 6 Oc

  13. Slide 13: Government Support (Continued): Trade Payables Restructuring

    Government Support (Continued) Garuda Long-Term Trade Bavalies Restructuring Approval On 30 December 2020, Garuda Indonesia entered into a debt restructuring agreements of outstanding trade payables with Pertamina * On 31 December 2020, Garuda Indonesia entered into a debt restructuring agreements o

  14. Slide 14: Negotiation - Sukuk Consent Solicitation

    Negotiation - Sukuk Consent Solicitation Garuda Sukuk Certificates Agreement: On 3 June 2015, the Company issued unsecured Trust Certificates Principal value : USD 500.0 million Tenor: Due date 2023 On 12 June 2020, the Company conducted a consent solicitation exercise of Sukuk Certificates and all

  15. Slide 15: Negotiation - Asset-Backed Securitisation Loan

    Negotiation — Asset-Backed Securitisation Loan (KIK EBA Mandiri GIAAO1):“2 nconesio ~ On 23 July 2021, the Company held the general meeting of the “KIK EBA Mandiri GIAA01” securities holders following the KIK EBA Mandiri GIAA-01 payment deferral proposal. Background Approval * There is an obligation

  16. Slide 16: Capacity (ASK) by quarter

    FY 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 FY 2020 57.1 27.7 12.4 4.6 8.0 2.6 FY 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 FY 2020

  17. Slide 17: Operating performance by quarter

    FY 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 FY 2020

  18. Slide 18: Domestic and International Destinations

    Domestic 2020 ———— Ss 35.3% 2019 Garuda Indonesia Group International 2020 J Ss 22.1% . . Destination 2019 S> 21.2% Garuda Indonesia has Garuda Indonesia Main Brand 15 international destinations 48 domestic destinations Source: Company Data Based on Garuda Indonesia Main Brand's scheduled flight rou

  19. Slide 19: Purpose of Travel

    Purpose of Travel 2020 Business & 7 . > | Conference >| VER > | Leisure » Others Occupation 2020 | Private ) ee » Government » Others Entrepreneur 37% 21% 19% 23% 2019 Business & Conference | VFR* | | Leisure | | Others | 37% 18% 30% 15% * VER (Visit Friends & Relatives) Source: Company Data Based o

  20. Slide 20: 0.0 0.0 -20.0 -20.0 -40.0 -40.0 -60.0 -60.0 -80.0 -80.0 -100.0 -100.0 -120.0 -120.0

    0.0 0.0 -20.0 -20.0 -40.0 -40.0 -60.0 -60.0 -80.0 -80.0 -100.0 -100.0 -120.0 -120.0 0.0 -5.0 12.0 -10.0 10.0 -15.0 -20.0 8.0 -25.0 6.0 -30.0 -35.0 4.0 -40.0 2.0 -45.0 0.0

  21. Slide 21: The Group: Fleet

    The Grou Garuda Indonesia: 142 fleets Citilink: ie 68 fleets Total Group: i. 210 neets Airbus A330-300 Bombardier CRJ1000 NG ae. =... vorces META eg. 5g veant = y Garuda Indonesia 8.14 Years* Airbus 330-200 7 Fleets ATR72-600 43 Fleets | eco Citilink *Average Age Source: Company Data 21

  22. Slide 22: Basis For Disclaimer Of Opinion

    Basis For Disclaimer Of Opinion 4 Garuda Indonesia G The Financial Statements have been audited by the Public Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan (Member of PricewaterhouseCoopers International Limited) with “disclaimer of opinion” on the Consolidated Financial Statements of PT Gar

  23. Slide 23: Passenger and Cargo Revenue

    The Gro mm 4 Passenger Revenue USD million *SLF 74.3% *SLF 45.2% 3,446.5 929.0 584.2 . 192.5 = 46.6 105.7 | FY 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 FY 2020 * Seat Load Factor (SLF) Cargo Revenue USD million *CLF 40.9% *CLF 51.7% 326.9 271.6 S 703 1492 613 Sy 90.9 || T | || |_| FY 2019 1Q 2020 2Q 202

  24. Slide 24: Charter and Ancillary Revenue

    Charter Revenue USD million 15.6 FY 2019 5.3 1Q 2020 R 16.2 2Q 2020 Ancillary Revenue - Airline Related USD million 87.3 FY 2019 22.6 1Q 2020 5.9 2Q 2020 \ 3Q 2020 4Q 2020/ SR 73 94 — Ye 3Q 2020 4Q 2020 Source: Company Data, Audited Financial Statement Full Year 2020 FY 2020 45.3 FY 2020

  25. Slide 25: Expenses Highlight

    4 | ey ie enses Highlight Operational Expenses USD million ws —— 4,457.0 3,303.8 945.7 697.5 6017 1,058.9 FY 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 FY 2020 Unit Cost - CASK USD million 10.2 65 65 6.6 57 FY 2019 10 2020 2Q 2020 3Q 2020 4Q 2020 FY 2020 ee, Source: Company Data, Audited Financial Stateme

  26. Slide 26: Salaries and Lease Cost

    » Ro" aba seers Salaries, Allowance & Benefits (SA&B) USD million of 560.6 471.5 149.8 113.6 99.1 14.9 | | = = = FY 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 FY 2020 Renegotiate Lease Cost USD million Va ~ 4,152.2 4,053.0 239.8 332.8 265.0 215.4 = |_| = = FY 2019 10 2020 2 2020 3Q 2020 4Q 2020 FY 2020 So

  27. Slide 27: Net Income (Loss) and EBITDA

    EA Net Income (Loss) USD million FY 2019 1Q 020 2820 (44.6) (123.5) (599.8) (1,384.9) \ (2,476.6) EBITDA USD million 278.0 266.2 FY 2019 1Q 2020 293020 (355.3) (528.5) * Excluding Extraordinary Items en, (677.3) Source: Company Data, Audited Financial Statement Full Year 2020

  28. Slide 28: Appendix

    Appendix

  29. Slide 29: Garuda Indonesia Group

    Garuda Indonesia Group (Currency in million USD, except stated otherwise) INDICATOR 40-2020 19 12M-2020 Garuda Indonesia Group Passenger Carried (Million) 8.6 6.1 0.5 15 28 OV (67.5) 31.9 108 (66.1) Cargo Carried (K, Ton) 79.7 69.4 41h 50.5 42 0 (6.9) 335.8 235.4 0 (29.9) ASK (Billion) 14.1 12.4 2.6

  30. Slide 30: Garuda Indonesia Domestic & International

    Y Garuda | Garuda Indonesia Domestic & International Currency in million USD, except stated otherwise) INDICATOR 4Q-2019 10-2020 020 3Q-2020 4Q-2020 (3) 12M-2019 12M-2020 Chg (%) Domestic Passenger Carried (Million) 4.2 27 0.1 0.5 12. V0 (71.6) 15.4 45 W (70.5) Cargo Carried (K, Ton) 45.0 35.6 20.8

  31. Slide 31: Garuda Indonesia Main Brand & Citilink

    Garuda Indonesia Main Brand & Citilink Garuda Ind INDICATOR Garuda Indonesia Passenger Carried (Million) Cargo Carried (K, Ton) ASK (Billion) RPK (Billion) SLF (%) ATK Cargo (Billion) RTK Cargo (Billion) CLF Cargo (%) Passenger Yield (USc) Cargo Yield (USc) CASK (USc) CASK-Excl Fuel (USc) Citilink P

  32. Slide 32: Consolidated Statements of Profit or Loss

    Consolidated Statements of Profit or Loss INDICATOR REVENUES Scheduled Airline Non-Scheduled Airline Others Total Operating Revenue EXPENSES Fuel Rental* Depreciation* Maintenance and Repairs Others Total Expenses Foreign Exchange Other Income PROFIT/(LOSS) EBIT EBT Tax Net Income Comprehensive Inco

  33. Slide 33: Consolidated Statements of Financial Position

    Consolidated Statements of Financial Position INDICATOR 40-2019 ASSET Current Assets 1,133.9 Non-Current Assets* 3,321.8 Total Assets 4,455.7 LIABILITY Current Liability Non-Current Liability* Total Liability EQUITY Equity Total Liability & Equity * The company recorded right of use asset and operat

  34. Slide 34: Consolidated Statement of Cash Flows

    Consolidated Statement of Cash Flows Garuda Indonesia Y (Currency in million USD, except stated otherwise) INDICATOR 4Q-201 10-2020 2Q-2020 3Q-2020 4Q-2020 Chg (%) 12M-2019 12M-2020 Chg (%) CASH FLOWS Operating Activities 121.4 269.9 (138.8) Investing Activities (213.7) (40.2) (8.6) Financing Activi

  35. Slide 35: Financial Ratio

    Financial Ratio Garuda (Currency in million USD, except stated otherwise) INDICATOR 102020 Chg(%) 202020 Chg(%) 302020 Chg(%) 4Q2020 Chg (%)| FINANCIAL DEBT Short Term Debt 9 672.1 (31.8) 817.4 (17.0) 754.3 (23.4) 805.3. Ww (18.2) Factoring Liabilities 54.¢ 49.6 (9.1) 36.7 (32.7) 65.7 20.3 94.0 a 72

  36. Slide 36: The Subsidiaries Performance

    The Subsidiaries Performance Citilink seme Aerowisata 72M 2019 72M 2020 Chg (36) 12M 2019 12M 2020 chg (%) Citilink (USD million) GMF AeroAsia (USD million) Aero Wisata (IDR billion) Operating Revenue 875.7 343.4 W (60.8) 519.5 253.8. (51.1) 3,339.7 1365.9 %. (59.1) Operating Income 68.6 (306.6) % (

  37. Slide 37: Investor Relations

    Investor Relations Ground Floor, Garuda Indonesia Management Building Soekarno-Hatta International Airport Tangerang - 15111, Indonesia PO BOX 1004 TNG BUSH email: investor@garuda-indonesia.com Thank You

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