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

Pt Garuda Indonesia (persero) Tbk Class B — Q1 2018 Earnings Presentation

21 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, May 3, 2018

  1. Slide 1: Analyst Meeting Q1/2018 - Corporate Performance

    Jakarta, 3 May 2018 Analyst Meeting Q1/2018 - Corporate Performance

  2. Slide 2: Shares Information

    Shares Information GIAA IJ Equity - Last Price (R1) 294 JCI Index - Last Price (L1) 6,188.987 6,750 600 6,500 550 6,250 6,189 500 6,000 5,750 450 5,500 400 5,250 350 5,000 4,750 300 294 MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR 2016 2017 2018

  3. Slide 3: Significant Improvement on Financial and Maintaining the Operational Performance

    Significant Improvement on Financial and Maintaining the Operational Performance Value-Driven Aviation Group, Bringing Indonesian Hospitality to the World (US$3.5 Billion) Shareholder Customer Process Employee Maximize group value for better by delivering excellent while implementing cost and by eng

  4. Slide 4: Good Progress on Strategic Themes

    Good Progress on 5 Strategic Themes STRATEGIC 1st Quarter 1st Quarter THEMES Key Indicator 2017 2018 1 Consolidate Re-negotiate contract to lessor - 1 contract & Optimize & manufactures Strategic Asset Improve fleet utilization 9:19 9:41 Reduce the number of routes with negative result* - 30 routes

  5. Slide 5: Operating Revenues Increased by 7.9% YoY; Cut Losses by 36.5% YoY

    Operating Revenues Increased by 7.9% YoY; Cut Losses by 36.5% YoY (currency in million USD, except stated otherwise) INDICATOR Q1/2017 Q1/2018 % YoY REVENUE EBITDAR 178.1 231.5 30.0 Scheduled Airline Service 782.1 828.5 5.9 Non-Scheduled Airline Service 23.8 19.8 (16.9) Others* 104.9 134.7 28.4 Oper

  6. Slide 6: Utilization, Passenger, and Yield are Significantly Improved

    Utilization, Passenger, and Yield are Significantly Improved INDICATOR Q1/2017 Q1/2018 % YoY OPERATIONAL Utilization* (Hour) 9:19 9:41 0:22 On-Time Performance* (%) 86.5 88.8 2.3 pp ASK (Billion) 15.8 16.4 3.5 Seat Load Factor (%) 72.5 71.4 (1.1) pp Passenger Carried (Million) 8.4 8.8 5.0 Cargo Upli

  7. Slide 7: Yield and Average Fares Improved in All Segments

    Yield and Average Fares Improved in All Segments INDICATOR Q1/2017 Q1/2018 % YoY DOMESTIC Passenger Carried (Million) 4.5 4.4 (0.8) ASK (Billion) 5.6 5.6 (1.6) Seat Load Factor (%) 68.8 69.7 0.9 pp Revenue Passenger (in Million USD) 297.9 300.5 0.9 Passenger Yield (US¢) 7.7 7.7 1.0 Average Fares (US

  8. Slide 8: Our International Operations Compares to Peers

    Our International Operations Compares to Peers Source: Company Data & AAPA International Statistic, YTD March 2018 PASSENGER CARRIED GROWTH AVAILABLE SEAT KILOMETERS (ASK) GROWTH China Southern Airlines 12.4 China Southern Airlines 11.9 Qantas Airways 8.9 Asia Pacific 6.6 Asia Pacific 6.7 Korean Air

  9. Slide 9: Average Fares Increased while CASK Declined

    Average Fares Increased while CASK Declined INDICATOR Q1/2017 Q1/2018 % YoY GARUDA INDONESIA Passenger Carried (Million) 5.8 5.6 (2.2) ASK (Billion) 13.1 13.0 (0.5) Seat Load Factor (%) 72.0 70.2 (1.9) pp Revenue Passenger (in Million USD) 625.1 621.2 (0.6) Passenger Yield (US¢) 6.6 6.8 2.3 Average

  10. Slide 10: The Operating Expenses Hikes is Below The Revenues Raises

    The Operating Expenses Hikes is Below The Revenues Raises (currency in million USD, except stated otherwise) INDICATOR Q1/2017 Q1/2018 % YoY PoC Fuel 292.3 316.0 8.1 30.1 Rental 257.4 260.1 1.1 24.8 Maintenance 89.8 99.0 10.2 9.4 User Charge 92.1 96.6 4.9 9.2 Ticketing & Sales 76.7 76.0 (0.9) 7.2 Pa

  11. Slide 11: Fleet Structure

    Fleet Structure AIRCRAFT DEC MAR TARGET TYPE 2017 2018 2018 Boeing 777-300ER 10 10 - 10 10 Boeing 747-200 2 2 2 - 2 Airbus A330-200 7 7 - 7 7 Airbus A330-300 17 17 6 11 17 Wide Body 36 36 8 28 36 Utilization 10:54 11:21 Boeing 737 MAX 8 1 1 - 1 1 Boeing 737-800NG 73 73 - 73 73 CRJ1000 NextGen 18 18

  12. Slide 12: End of Equity Balance Maintained at >US$800 Million

    End of Equity Balance Maintained at >US$800 Million (currency in million USD, except stated otherwise) INDICATOR FY/2017 Q1/2018 % Chg. ASSET Current Assets 986.7 1,050.8 6.5 Non Current Assets 2,776.6 2,901.8 4.5 Total Assets 3,763.3 3,952.5 5.0 LIABILITY Current Liabilities 1,921.8 2,192.5 14.1 No

  13. Slide 13: Maintaining Financial Ratio Above The Covenant Terms

    Maintaining Financial Ratio Above The Covenant Terms (currency in million USD, except stated otherwise) INDICATOR FY16 1Q.17 % Chg. Short Term Debt 1,079.7 1,212.4 12.3 Long Term Debt 555.1 550.1 (0.9) Leasing 80.7 77.3 (4.2) Financial Debt 1,715.5 1,839.8 7.2 Leasing (in Million USD) 4.2% 2,000 Lon

  14. Slide 14: The Subsidiaries Revenues US$252.5 Million, Contributed 25.7% of Total Group

    The Subsidiaries Revenues US$252.5 Million, Contributed 25.7% of Total Group (currency in thousand USD, except stated otherwise) INDICATOR Q1 2018 % Chg. Q1 2018 % Chg. Q1 2018 % Chg. Revenue Contribution to Group (%) 15.4 5.3 3.4 Operating Revenue 151,287.7 26.1 115,927.8 9.3 55,824.5 (4.9) Operati

  15. Slide 15: New 2020 Vision with Main Target to Achieve Market Capital US$3.5 Billion

    New 2020 Vision with Main Target to Achieve Market Capital US$3.5 Billion VISION “VALUE-DRIVEN AVIATION GROUP, BRINGING INDONESIAN HOSPITALITY TO THE WORLD (US$3.5 BILLION)” MISSION Shareholder Customer Process Employee Maximize Group Value for Better By Delivering Excellent While Implementing Cost

  16. Slide 16: Consolidate & Optimize Strategic Asset

    Consolidate & Optimize Strategic Asset New New Destinations Routes Xi’an, China Makassar - Palembang (vv.) 17 January 2018 Denpasar - Xi’an (vv.) 29 January 2018 Ambon - Bau-bau (vv.) 7 March 2018 Zhengzhou, China Jakarta - Sorong (vv.) Denpasar - Zhengzhou (vv.) 10 March 2018 30 January 2018 Routes

  17. Slide 17: World-Class Customer Centricity in All Touch Points

    World-Class Customer Centricity in All Touch Points 13 Awards World’s 5-Star Airline The Best Airline in Indonesia Top 10 Major Carriers in Asia by Skytrax 6 Domestic & 7 International Top 10 Economy Class in Asia by TripAdvisor 17

  18. Slide 18: Build an Agile, Efficient & Digitized Organization

    Build an Agile, Efficient & Digitized Organization Improving Efficiency of Distribution Channel Initiatives in 2018 Enhance In-bound & “Outside-In” Increase Traffic Increase e-Commerce Out-bound Marketing Program Sales Approach Acquisition System Reliability GOTF Digital Ancillaries, such as Increas

  19. Slide 19: Broaden Revenue Beyond Core

    Broaden Revenue Beyond Core Expanding Cargo Capability & Services by Focus on High Yield Shipment Cargo/Mail Cargo Ancillary Uplifted Revenues Revenues Q1 - 2018 Q1 - 2018 Q1 - 2018 111.9K Ton (+3.2% YoY) US$61.3 Million (+9.2% YoY) US$24.8 Million (+38.2% YoY) Q1 - 2017 Q1 - 2017 Q1 - 2017 108.4K T

  20. Slide 20: Partnership and Create Portfolio Value

    Partnership and Create Portfolio Value Initiatives in 2018 Strengthen Partnership with Third Party Expanding the partnership partner across industry to have variety of partner to optimize the opportunity, especially to e-commerce business and travel. Launching New Products & Leverage Loyalty Custome

  21. Slide 21: PT Garuda Indonesia (Persero) Tbk

    PT Garuda Indonesia (Persero) Tbk © 2018 - All Rights Reserved Registered Office Investor Relations Garuda Indonesia Building Ground Floor, Garuda Indonesia Management Building Jl. Kebon Sirih No. 46A Soekarno-Hatta International Airport Jakarta - 10110, Indonesia Tangerang - 15111, Indonesia PO BOX

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