Pt Japfa Comfeed Indonesia Tbk Class A · IDX:JPFA
Pt Japfa Comfeed Indonesia Tbk Class A — Q1 2018 Earnings Presentation
23 slides from Pt Japfa Comfeed Indonesia Tbk Class A's earnings presentation, 2018
Slide 1: Investor Presentation 1Q 2018
INVESTOR INVESTORPRESENTATION PRESENTATION 1Q FY2018 2017
Slide 2: Agenda
Agenda 1 Company Overview 2 Key Investment Highlights 3 KKR’s Investment in the Company 4 Financial and Operational Highlights 1
Slide 3: 1. Company Overview
) Dora 1. Company Overview
Slide 4: Company overview
Company overview Core competencies across the value chain Upstream Midstream Downstream Feed Breeding Commercial farming Processing Poultry Beef Aquaculture 3
Slide 5: Industrialized approach drives operational and financial benefits
Industrialized approach drives operational and financial benefits A Scale B Technology & genetics – 2nd largest feed and DoC producer in Indonesia with – Exclusive relationship with Aviagen for the sourcing of significant scale across the value chain: grandparent stock with superior genetics which i
Slide 6: Japfa: Well positioned for long-term growth
Japfa: Well positioned for long-term growth Poultry leader with growing presence in other proteins − Cattle fattening business in Indonesia − Core business and stable segment of the value chain − Cost plus pricing model allows the − Aquaculture is primarily a Company to pass on any adverse feed busi
Slide 7: 2. Key Investment Highlights
2. Key Investment Highlights 6
Slide 8: Investment highlights
Investment highlights 1 Attractive industry dynamics driven by strong structural growth in protein consumption 2 Leading integrated poultry national champion with nationwide footprint 3 Core feed business offers stable profitability 4 Leading Market Positions in Multiple Protein Staples 5 Experience
Slide 9: Attractive industry dynamics driven by strong structural growth in protein consumption
1 Attractive industry dynamics driven by strong structural growth in protein consumption Ample room for sustained growth in business locations with one of the lowest poultry consumption per capita rates in Asia. Strong projected growth in GDP per capita to underpin growing protein consumption
Slide 10: Leading integrated poultry national champion with nationwide footprint
2 Leading integrated poultry national champion with nationwide footprint 2nd largest Indonesian poultry feed and DoC Nationwide footprint with presence in all major producer islands Poultry feed production capacity market share (%) Poultry Breeding Farms & Poultry Feedmills 34% 31% Japfa is the larg
Slide 11: Core feed business offers stable profitability
3 Core feed business offers stable profitability Constitutes >50% of Group’s operating profit Despite volatile commodity prices… …and weakening IDR 220 15,500 200 180 13,000 160 140 120 10,500 100 80 60 8,000 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-10 Jan-11 Jan-12 Jan-13
Slide 12: Segmental Trends: PT Japfa Tbk (Poultry)
Segmental Trends: PT Japfa Tbk (Poultry) Revenue (IDR Billion) Operating Profit (IDR Billion) Operating Profit Margin (%) 20% 34,545 3,500 17.5% 35,000 3,191 30,923 15% 11.6% 13.4% 30,000 28,396 28,592 3,000 348 10.9% 12.3% 12,240 2,585 10% 6.9% 10.8% 9.7% 25,000 10,899 2,500 690 304 9,412 10,270 1,
Slide 13: Japfa Ltd: A Leading Pan-Asian Industrialized Agri-Food Company
4 Japfa Ltd: A Leading Pan-Asian Industrialized Agri-Food Company WHAT WE DO WHERE WE ARE WHY WE DO IT We produce quality We employ over 3 billion people living protein staples, dairy, 34,000 people across in our target markets and packaged food that Singapore, Indonesia, More than 40% of the nouris
Slide 14: Leading Market Positions in Multiple Protein Staples
4 Leading Market Positions in Multiple Protein Staples Leading upstream regional market positions Milk Yield1 China 36 kg/day #1 Poultry Feed Production Capacity2 Indonesia 24% #2 DOC Production2 Indonesia 29% #2 DOC Production3 Vietnam 20% #3 Poultry Feed Production Capacity3 Myanmar 31% #2 DOC Pro
Slide 15: Experienced and tenured management team
5 Experienced and tenured management team Proven track record of guiding the Company through various cycles Board of Commissioners Syamsir Siregar Hendrick Kolonas Jaka Prasetya Retno Astuti Ignatius Herry Achmad Syaifudin President Vice President Commissioner Wibisono Wibowo Haq Commissioner Commis
Slide 16: 3. KKR's Investment in the Company
3. KKR’s Investment in the Company 15
Slide 17: KKR's Investment in the Company
KKR’s Investment in the Company KKR Overview Transaction Overview Leading global investment firm with ~US$153bn of assets KKR acquired ~12% stake in the Company through a under management across a wide range of asset classes combination of primary and secondary share purchase; including private
Slide 18: 4. Financial and Operational Highlights
4. Financial and Operational Highlights 17
Slide 19: PT Japfa Tbk – Financial Performance
PT Japfa Tbk – Financial Performance Revenue Operating Profit EBITDA PAT Rp Billion Rp Billion Rp Billion Rp Billion 1Q 2018 7,860.9 868.9 1,044.9 463.2 +18.7% y-o-y +135.3% y-o-y +106.1% y-o-y +297.1% y-o-y 1Q 2017 6,624.7 369.4 506.9 116.6 The poultry business recorded higher sales volumes and pro
Slide 20: PT Japfa Tbk – Stable rolling operating profit
PT Japfa Tbk – Stable rolling operating profit PT Japfa Tbk is as an agri-food business will always be subject to cyclicality which directly impacts its revenue and profitability. Cyclicality is dependent on a variety of external factors which are beyond the Company’s control, including the season
Slide 21: Proven financial track record
Proven financial track record Net Revenues Operating Profit EBITDA Net Profit (IDR Billion) (IDR Billion) (IDR Billion) (IDR Billion) 7,860.9 6,624.7 1,044.9 868.9 506.9 463.2 369.4 116.6 1Q 2017 1Q 2018 1Q 2017 1Q 2018 1Q 2017 1Q 2018 1Q 2017 1Q 2018 Total Assets Net Debt / Equity (%) CAPEX TOTAL D
Slide 22: Capex FY 2016 – 1Q 2018
Capex FY 2016 – 1Q 2018 (IDR Billion) 1,537 787 587 FY 2016 FY 2017 1Q 2018 21
Slide 23: Thank You
) Dora Thank You 22
PT Japfa Comfeed Indonesia — Q1 2018 Earnings Presentation on 6ix