Pt Selamat Sempurna Tbk · IDX:SMSM
Pt Selamat Sempurna Tbk — Investor Day (April 2015)
32 slides from Pt Selamat Sempurna Tbk's investor day presentation, Apr 22, 2015
Slide 1: Institutional Investor Day 2014 Performance
Institusional Investor Day 2014 Performance Indonesia Stock Exchange Jakarta, 22 April 2015
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 115 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 115 countries worldwide
Exported to more than 115 countries worldwide 1. Afghanistan 26. El Salvador 51. Kosovo 76. Paraguay 101. Tajikistan 2. Angola 27. Ecuador 52. Kuwait 77. Papua New Guinea 102. Tanzania 3. Argentina 28. Ethiopia 53. Kyrgyzstan 78. Peru 103. Thailand 4. Austria 29. Equatorial Guinea 54. Lebanon 79. Ph
Slide 5: Capacity & Utilization Main Products
Capacity & Utilization Main Products 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% 2014 96.000 60.810 63% Aluminum Copper Brass Radiator Capacity Production % Capacity Production % 2009
Slide 6: 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: 6
Slide 7: 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 8: 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 9: 22 Years Consecutive Sales Growth
22 Years Consecutive Sales Growth No Year Net Sales 1992 21 1 1993 24 2 1994 78 3 1995 102 4 1996 127 2633 5 1997 161 6 1998 350 Asia Crisis 2382 7 1999 359 2269 8 2000 503 2072 9 2001 565 10 2002 603 11 2003 638 1562 12 2004 731 1375 13 2005 862 1354 14 2006 881 1064 15 2007 1.064 862 16 2008 1.354
Slide 10: 12 Years Consecutive Net Income
12 Years Consecutive Net Income Year Net Income 2002 40 1 2003 48 390 2 2004 57 3 2005 66 308 4 2006 66 5 2007 80 219 6 2008 91 212 7 2009 133 150 8 2010 150 133 9 2011 212 80 91 66 10 2012 219 66 40 48 57 11 2013 308 12 2014 390 '02 '03 '04 '05 '06 '07 '08 '09 '10 11 12 13 14 Amount in billion Rupi
Slide 11: 15 Years Consecutive Export Sales Growth
15 Years Consecutive Export Sales Growth No Year Export Sales 1999 249 1 2000 340 1832 2 2001 379 3 2002 425 4 2003 462 1479 5 2004 542 1317 6 2005 650 1339 7 2006 695 1139 8 2007 829 1035 1027 9 2008 1.027 USA Crisis 10 2009 1.035 Europe Crisis 829 11 2010 1.139 650 695 12 2011 1.317 13 2012 1.339
Slide 12: 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 13: Performance FY 2014
Performance F — _/Uf” PT SELAMAT SEMPURNA Tbk.
Slide 14: Comparative Financial Highlights
Comparative Financial Highlights Financial Highlights 2014 2013 Var %Var Net Sales 2.633 2.382 251 10,54% Gross Profit 785 644 141 21,88% Income from Operation 566 492 74 15,00% Net Income attributable to: Equity holders of the Parent Company 390 308 82 26,71% Non-controlling Interest 30 30 0,02 (0,
Slide 15: Financial Ratio
Financial Ratio Financial Ratio 2014 2013 Net Sales Growth 11% Asset Growth 2% Equity Growth *) 13% Gross Profit Margin 30% 27% Operating Income Margin 22% 21% Net Income Margin *) 15% 13% Return on Assets 24% 20% Return on Equity *) 39% 36% Total Debt / Total Asset 34% 41% Total Debt / Total Equity
Slide 16: Sales by Continent
Sales by Continent 2014 2013 Increase /(Decrease) Continent Rp % Rp % Rp % Asia* 1.500 57% 1.452 61% 47 3,25% America 532 20% 444 19% 88 19,84% Europe 374 14% 305 13% 69 22,77% Australia 190 7% 148 6% 42 28,13% Africa 37 2% 33 1% 5 14,13% Total 2.633 100% 2.382 100% 251 10,54% Amount in Billion Rupi
Slide 17: Sales Performance 2014
Sales Performance 2014 Sales (Rp) Increase /(Decrease) Market 2014 % 2013 % Rp % Export 1.832 70% 1.479 62% 353 23,83% Local 801 30% 902 38% (102) (11,25%) Total 2.633 100% 2.382 100% 251 10,54% Sales (Rp) Increase /(Decrease) Product 2014 % 2013 % Rp % Filter 2.046 78% 1.687 71% 358 21,22% Radiator
Slide 18: 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 19: Summary Performance 2014
Summary Performance 2014 Position as per Changes 31 Des’14 Net Sales Rp Rp.. 2.633 T 10,54% Net Income Rp Rp.. 390 B 26,71% EPS Rp Rp.. 271 26,71% Share Price Rp Rp.. 4.750 38% 19
Slide 20: Structure of Company relationship with the Subsidiaries and Associates
Structure of Company relationship with the Subsidiaries and Associates SMSM POSCO PJM HP PTC SSP TRSS IJPC 70,00% 51,00% 99,99% 99,99% 33,00% 15,00% CMG 99,99% CSR 65,00% Manufacture : Distribution : PJM : PT PANATA JAYA MANDIRI PTC : PT PRAPAT TUNGGAL CIPTA HP : PT HYDRAXLE PERKASA CMG : PT CAHAYA
Slide 21: 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 2014 (A) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 557 488 450 509 441 Gross Profit 133 118 106 116 91 Income From Operations 112 98 83 84 66 Net Inco
Slide 22: 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 23: 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 PT Prapat Tunggal Cipta and its subsidiaries Financial Highlights 2014(A) 2013(A) 2012 (A)
Slide 24: 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 2014 (A) 2013(A) 2012 (A) 2011 (A) Net Sales 35,7 34,9 31,8 27,5
Slide 25: 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 2014 (A) 2013(A) 2012 (A) 2011 (A) 2010 (A) Net Sales 183 138 115 108 106 Gross P
Slide 26: 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 ’14(A) ‘13 (A) ’12 (A) ’11 (A) ’10(A) Highlights Net Sa
Slide 27: PT Tokyo Radiator Selamat Sempurna (Associate Company)
PT Tokyo Radiator Selamat Sempurna (Associate Company) Established in 2012 , Commercial Operation on June , 2013 SMSM owns a 33% stake in TRSS Joint venture with Tokyo Radiator Mfg. Co. Ltd Scope of activities mainly manufacture heat exchanger for OE Market in Indonesia Obtain ISO/TS 16949:2009 on 0
Slide 28: Outlook 2015
Outlook 2015 2015 2014 2013 2012 2011 2010 2009 2008 (F) (A) (A) (A) (A) (A) (A) (A) Net Sales 3.068 2.633 2.382 2.269 2.072 1.562 1.375 1.354 Net Income *) 447 390 308 219 212 150 133 91 NPM 15% 15% 13% 10% 10% 10% 10% 7% ROA 23% 24% 20% 16% 18% 15% 15% 11% ROE 37% 39% 36% 30% 32% 29% 27% 17% Debt/
Slide 29: Long-Term Goal in year
Long-Term Goal in 5 year The Largest Filtration Manufacturer in Region 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 FY 2019
Slide 30: 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 31: 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 • Recognition as one of Indonesia Most Admired Company 2014 (#3) in the category of Automotive Spare Parts from
Slide 32: 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