Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — Q1 2020 Earnings Presentation
16 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, 2020
Slide 1: Corporate Presentation 1Q 2020
Corporate Presentation 1Q 2020 CONFIDENTIAL DRAFT
Slide 2: Shares Information
Shares Information a a a co Tar Ta Wor CA Eat (Grd nfonesa Pere TK PT) sitar ve bret ay 028 Conte 2020 Boambrs Finan LP. 2202009 5.9856 INIDICATOR FY 2018 FY 2019 1Q 2020 Average Value (Billion IDR) 1.86 19.46 7.84 Average Volume (Million) 6.91 40.34 23.40 Last Price (IDR) 298 498 181 Market Capital
Slide 3: Garuda's Strategy to Mitigate COVID-19 Pandemic
Garuda’s Strategy to Mitigate COVID-19 Pandemic + Negotiating lessor to defer rental fee payment DRENEGOUATETEDS EGOS + Extend aircraft leasingl period to reduce monthly lease cost + Deferral due date payment & debt restructuring * Convert non-cash facilities into cash loans Il. FINANCIAL RELAXATION
Slide 4: Significant New Standards
Significant New Standards Effective 1 January 2020: * PSAK71 “Financial Instruments” + PSAK72 “Revenue from Contracts with Customers” + PSAK73 “Leases” PSAK 73: {The operating leases will be treated the same as finance leases; with \ assets and liabilities are being recorded on balance sheet 1 PSAK
Slide 5: An Extremely Challenging Business Environment for Airlines Globally
An Extremely Challenging Business Environment for Airlines Globally (currency in million USD, except stated otherwise) INDICATOR 3M 2020 Chg (%) REVENUES Scheduled Airline 924.9 654.5 Vv (29.2) Non-Scheduled Airline 2.9 5.3 a 85.4 Others 171.8 108.3 v (37.0) Total Operating Revenue 1,099.6 768.1 v (
Slide 6: Significant Impact During the Outbreak of COVID-19
Significant Impact During the Outbreak of COVID-19 (currency in million USD, except stated otherwise) INDICATOR 10 2020 Chg (%) OPERATIONAL Utilization (Hour) 751 6:05 v “1:46 On-Time Performance (%) 92.0 93.7 A 17 pp ASK (Billion) 15.2 12.4 v (17.9) Seat Load Factor (%) 72.3 62.6 Vv (9.8 pp) Passen
Slide 7: The Impact of Covid-19 Pandemic on Garuda Indonesia
The Impact of Covid-19 Pandemic on Garuda Indonesia GA flight to/from mainland All International Flight a my Starting on 15" March Starting on 5" February | Kor | CHN ASK 4 14.7% ALL AREA 4 MEA (sa ] PAX 4 16.4% ASK 4 63.3% PAX + 63.0% REV 4 65.2% REV 4 12.4% ASK b 46.2% ASK L 24.9% ASK 4 16.1% PAX
Slide 8: Lockdowns and Travel Bans Have Resulted Protracted Volatility in Domestic and International
Lockdowns and Travel Bans Have Resulted Protracted Volatility in Domestic and International Note: All numbers and figures represent only for Garuda Indonesia (Main Brand) INDICATOR 1Q 2019 1Q 2020 Chg (%) DOMESTIC Passenger Carried (Million) 3.5 27 v (23,3) ASK (Billion) 4.2 3.9 Vv. (7.8) Seat Load
Slide 9: All Segments are in Decline During the Outbreak
All Segments are in Decline During the Outbreak INDICATOR 1Q 2019 1Q 2020 Chg (%) GARUDA INDONESIA Passenger Carried (Million) 4.6 3.3 Vv (28.3) ASK (Billion) 11.9 8.9 v...... (24.9) Seat Load Factor (%) 71.0 62.1 Vv (8.9 pp) Revenue Passenger (in Million) 648.3 436.1 v (32.7) Passenger Yield (US¢)
Slide 10: The Group's Fleet Structure
The Group's Fleet Structure FINANCE LEASED/ OPERATING AIRCRAFT TYPE OWNED LEASED Operated by Garuda Indonesi Narrow Body Boeing 737-800NG 2 Boeing 737 Max 8 1 Bombardier CRJ1000 Nextgen 6 12 ATR72-600 13 Total Narrow Body 6 99 Wide Body Boeing 777-300ER 10 10 Airbus 330-200 7 7 Airbus 330-300 6 v y
Slide 11: With the Worsening Condition, Equity Decreased by 30.5%
With the Worsening Condition, Equity Decreased by 30.5% (currency in million USD, except stated otherwise) INDICATOR 4Q 2019 Chg (%) ASSET Current Assets 1,133.9 772.8 v_ (31.8) Non-Current Assets* 3,321.8 8,372.6 A 152.1 Total Assets 4,455.7 9,145.4 A 1053 LIABILITY Current Liability 3,257.8 3,678.
Slide 12: The Pandemic Adversely Impacted the Group's Cash Flows
The Pandemic Adversely Impacted the Group’s Cash Flows (currency in million USD, except stated otherwise) INDICATO: Chg (%) CASH FLOW Operating Activities 269.9 A 27.5 Investing Activities (40.2) A (2,230.8) Financing Activities (355.2) v____(183.9) Increase / (decrease) (125.5) Vv. (247.8) Beginnin
Slide 13: Negotiation on Debt Covenants In COVID-19 Pandemic
Negotiation on Debt Covenants In COVID-19 Pandemic (currency in million USD, except stated otherwise) 22.8% Short Term Debt FINANCIAL DEBT Short Term Debt 984.9 672.1 v... 81.8) Factoring Liabilities 54.6 49.6 Vv (9.1) CPLTD 141.8 133.5 v.68) Bonds/Sukuk 499.0 499.7 A 01 fe) Asset-Backed Securitisat
Slide 14: Sukuk Consent Solicitation - Extended by Years, Coupon Remains The Same
Sukuk Consent Solicitation - Extended by 3 Years, Coupon Remains The Same The COVID-19 pandemic has created an extremely challenging business environment for airline globally, with the WHO declaring the outbreak a pandemic in March 2020. Lockdowns and travel restrictions imposed by various countries
Slide 15: The Subsidiaries Performance
The Subsidiaries Performance Citilink Dr otros y Aerowisata Citilink (USD million) GMF AeroAsia (USD million) Aero Wisata (IDR billion) Operating Revenue 206.6 167.9. ¥. (18.7) 120.2 107.4. V. (10.6) 823.1 751.0. V. (8.8) Operating Income 23.1 310 A 34.0 8.3 (19.5) V (334.9) (10.0) (32.9) '¥_ (228.0
Slide 16: Thank You
Thank You 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
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