Pt Malindo Feedmill Tbk · IDX:MAIN
Pt Malindo Feedmill Tbk — Q1 2023 Earnings Presentation
35 slides from Pt Malindo Feedmill Tbk's earnings presentation, Apr 28, 2023
Slide 1: Management Presentation Q1 2023
MANAGEMENT PRESENTATION Q1 2023 Optimizing Potential to Reinforce Competitiveness and Growth 1
Slide 2: Malindo at a Glance
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Slide 3: Who We Are? What We Do? Why We Do?
Who We What We Do? Why We Do Are? A modern food company We provide the best quality PoultryIt? is a great source of protein originated from a fully integrated protein to people by producing consumed by most of the populations. poultry producer that brings value variety of quality poultry adds to our
Slide 4: Proven track records, always with progress, since 1997
Proven track records, always with progress, since 1997 199 200 200 200 200 2000 7 Established Established 3 to East Expanded 6 Publicly listed 7 Established entity in 8 Bonds Issued PT Malindo Feedmill PT Bibit Indonesia Java by acquiring in Indonesia Stock Broiler Chicken Built Banten feedmill
Slide 5: Operates across Indonesia, caters nationwide market needs
Operates across Indonesia, caters nationwide market needs Legends Division 2023 Capacity Locations Cikande, Cakung, Grobogan, Feedmill 1,650,000 MT Gresik, Makassar GPSBreeding 3.1 mio DOCs Majalengka Medan, Lampung, Subang, Cikaum, Purwakarta, Wonosari, Probolinggo, Lumajang, PSBreeding 335.0 mio D
Slide 6: Comprises of 4 solid and stable business segments
Comprises of 4 (four) solid and stable business segments 56% 11% 31% 2% Animal Feed Chicken Breeding Broiler Chicken Processed Food Core Line of Business Produces & markets broiler & Produces & markets Produces & markets 5 feed mills across commercial layer chicken chicken broilers by vari
Slide 7: Vision, Mission & Values truly represent Corporate Identity
Vision, Mission & Values truly represent Corporate Identity VISION MISSION To be the leading poultry company To optimize our potential to enhance in its chosen market segment the value for our shareholders and other stakeholders GOOD INTEGRITY TEAMWORK CORPORATE VALUES CUSTOMER COMMITMENT SATISFACTI
Slide 8: Experienced management team with global standards
Experienced management team with global standards Brian M. O’Connor Koh Bock Swi Yongkie Handaya Lau Chia Nguang Tan Lai Kai Independent Commissioner (Raymond Koh) Independent Commissioner President Commissioner Commissioner Independent Commissioner Year of Manufacture Year of Finance Year of Poultr
Slide 9: Experienced management team with global standards
Experienced management team with global standards Tan Sri Lau Dato’ Seri Abdul Tuang Nguang Lau Joo Kiang Rewin Hanrahan Lau Joo Hwa Lau Joo Keat Rudy Hartono Husin Azim Bin Mohd Zabidi President Director Director Director Director Director Director Director Year of Poultry Year of Poultry Year of P
Slide 10: MAIN shares profile as a publicly listed company
MAIN shares profile as a publicly listed company Shares Information Dragon MAIN Subsidiaries Public, Amity 1997: Established in Jakarta 42.7% PTE. Ltd * Bibit Indonesia - 99.87% Parent stock DOC Chicken Farm 2006: Publicly listed in IDX 57.3% Leong Ayamsatu Primadona - 99.97% DOC and broiler chi
Slide 11: MAIN's progressive financial growth over the past years
MAIN’s progressive financial growth over the past years Well managed business with prudent financial management Our vertically integrated business model has a strong value creation to our top line and to the improvement in profitability 11
Slide 12: Why We Enter into The Business
Why We Enter into The Business 12
Slide 13: What data reveals about Indonesia
What data reveals about Indonesia: potential in consumptions, huge markets for poultry, good for business, even after pandemic Indonesia Population Indonesia Population (2022) 278 Mn 280,000,000 68.60% Approximately 70% of the total Indonesia population are 260,000,000 68.40% 68.40% young population
Slide 14: What research reveals about Poultry in Indonesia
What research reveals about Poultry in Indonesia: Most preferred source of protein and most available & affordable ones Significance Availability Affordability Prospects Poultry is a major source of Most of region in Meat other than Poultry, Indonesia is expected to play animal protein for almost In
Slide 15: Indonesia's Poultry Stats: room to grow
Indonesia’s Poultry Stats: There is room to grow in the fast-growing industry with gaining share of consumption The Indonesian middle class has been a Poultry is in the top list in term of meat major driver of economic growth as the consumptions among others group’s consumption has grown at ('00012%
Slide 16: Poultry on downstream side: Positive prospects
Poultry on downstream side: Positive prospects with rising markets along the years 550.2 566.7 534.1 488.8 503.5 518.6 447.3 460.7 474.6 Source: Indonesia Frozen Food Market Size and Forecast by Type; https://www.hexaresearch.com 0 New target market: 68 million youths in Those conditions create dema
Slide 17: How we see our markets
How we see our markets … Indonesia feed production capacity share (2022) Indonesia DOC production capacity share (2022) 0.15 20% CPIN CPIN 35% JPFA 38% 10% JPFA MAIN 8% MAIN NEW 5% HOPE NEW 4% HOPE CJ 7% CJ 8% Others Others 0.25 25% We are among the top 3 integrated players and well-positioned in th
Slide 18: Why are we in poultry business?
Why are we in poultry business? INDONESIA IS A LAND OF OPPORTUNITIES Attractive market due to its potential in consumptions, huge markets for poultry, 01 good for business, even after pandemic INDONESIA’S POULTRY WILL HAVE A GROWING ROLE Poultry is a major source of animal protein for almost 90% of
Slide 19: Our Business Model: Delivering Strategy into Actions
Our Business Model Delivering Strategy into Actions 19
Slide 20: We drive our business through a vertically integrated business model
We drive our business through a vertically integrated business model UPSTREAM Core business in the Company’s value Animal Feed chain - Top revenue contributors Production Animal Feed Production - Top 3 players in animal feed industry share - Large scale feedmills with progressive capacity - Best fee
Slide 21: Our Business Strategy compels best in executions
Our Business Strategy compels best in executions Business Value Creation Good Cost Management High Quality Products Best-in-Class Process • Well Managed Product Cost • Good Cost of Quality • Best Poultry Feed • Process Excellence Well Managed • Well Maintained Indirect Cost • Best Farm Practice • Hi
Slide 22: Our business processes adhere to best practice models
Our business processes adhere to best practice models Animal Feed Business Process Breeding Farm Business Process High High Quality Quality Processed Fried Food Chicken 22
Slide 23: Operating Performance
Operating Performance Effective Strategy with Efficient & Prudent Execution 23
Slide 24: Revenue Contribution and Profit & Loss Q1 2023
Declining quarterly bottom-line due to cost pressure Continue to maintain margins through tight cost control mechanism and low net gearing (IDR billion) Profit & Loss Mar 2023 Mar 2022 Change Declining top and bottom line with stable Profit and Loss Q1 2023 & 2022 Net Sales 2,679.2 2,754.0 -2.7% 1 s
Slide 25: 3M 2023 Profitability Performance
3M 2023 Profitability Performance - Profit & Loss Statements Q-o-Q Comparative Figures - Revenues Net Profit 77 IDR bn IDR bn 2,731 2,754 2,679 2,679 10 4Q22 1Q23 3M22 3M23 IDR Billion IDR Billion 4Q22 1Q23 3M22 3M23 (173) (173) EBITDA EBIT IDR bn 217 143 120 IDR Billion 51 IDR Billion 4Q22 1Q23 3M2
Slide 26: 3M 2023 Financial Positions
3M 2023 Financial Positions - Y-o-Y Comparative Figures - Total Assets Net Debt to Equity 5,747 5,566 x 1.20 1.08 IDR Billion Dec 22 Mar 23 Dec 22 Mar 23 Capex Total Interest-Bearing Debt IDR bn 36 2,707 2,616 21 IDR Billion IDR Billion 3M2022 3M2023 Dec 22 Mar 23 26
Slide 27: Sunny Chick - New Evolution
Sunny Chick - New Evolution Completing the Poultry Value Chain 27
Slide 28: Adding depth of the downstream business model
Our business continuously innovates by adding the depth of the downstream business model Focusing into a higher margin business via our fried chicken retail stores and projecting to grow further our retail chain from non-stores sources. We also held cooking demonstrations as a way to introduce produ
Slide 29: Continue to generate value by product innovation
Continue to generate value by product innovation Keep innovating and develop new products as a way to differentiate our products from competitors, will lead to increased market share, revenue and customer satisfaction. New menu : Sosbar Launched in April: Ice Cream 29 Cone
Slide 30: There is no love sincerer than the love of food
There is no love sincerer than the love of food Sunny’Chick is committed in bringing the highest quality food to its customers at affordable prices 30
Slide 31: Digitalization – New Way of Life
Digitalization – New Way of Life Driving Positive Impacts Towards Society 31
Slide 32: Our commitment towards digitalization
Our commitment towards digitalization Malindo is committed to provide its stakeholders with latest update on the company activities through its official Instagram account where they could obtain information on various activities the company is engaged in. To visit the site you could look up for @mal
Slide 33: Partnership with third party ride-hailing app
Partnership with third party ride-hailing app The company is in close collaboration with Indonesia’s two (2) largest ride-hailing app providers Gojek and Grab Food in further extending its customer reach “Grab operates in 50 cities located across Indonesia” “Grab contributes Rp 48.9 trillion towards
Slide 34: Partnership with third party ride-hailing app – continued
Partnership with third party ride-hailing app – continued Its downstream processed food division also works closely with Grab, Shopee and Gojek to promote its SunnyGold products to greater public Shopee GrabMart GoMart 34
Slide 35: Thank you
PT Malindo Feedmill Tbk www.malindofeedmill.com Jl. RS Fatmawati No. 15 Komplek Golden Plaza Blok G No. 17 – 22 Jakarta Selatan, 12420 Sunny Gold Thank you Phone: +62-21 766 1727 @sunnygoldid Fax: +62-21 766 1728 mail: ir@malindofeedmill.co.id @sunnygoldid 35