PT GARUDA INDONESIA (PERSERO) Tbk. Q Result Announcement

Transcription

1 PT GARUDA INDONESIA (PERSERO) Tbk. Analyst Meeting & Presentation Q Result Announcement Jakarta, 30 April

2 Shareholder List & Share Performance as of 31 March 2012 Domestic Number of Investor % Number of Shares % Government of Indonesia % 15,653,128, % Angkasa Pura I % 248,496, % Angkasa Pura II % 403,634, % Retail 8, % 1,413,100, % Employee 4, % 100,040, % Cooperative % 86, % Foundation % 8,316, % Pension Fund % 234,393, % Insurance % 244,186, % Perseroan terbatas (PT) % 3,151,862, % Reksadana % 53,291, % Total Domestic 13, % 21,510,534, % International Retail % 3,488, % Instutional % 1,126,973, % Total International % 1,130,462,000,, 4.99% TOTAL 13, % 22,640,996, % Domestic vs Foreign Investor (based on free floating shares) Mar 12 Feb 12 Jan 12 Des 11 Nov 11 Oct 11 Sep 11 Aug 11 Jul 11 Jun 11 May 11 Apr 11 DomesticInvestors 82.2% 82.5% 85.1% 87.1% 87.2% 87.5% 87.6% 88.9% 89.2% 91.2% 97.9% 98.3% Foreign Investors 17.8% 17.5% 14.9% 12.9% 12.8% 12.5% 12.4% 11.1% 10.8% 8.8% 2.1% 1.7% 50% 60% 70% 80% 90% 100% 1

3 Board of Commissioners and Directors (As per AGM 27 April 2012) Board of Commissioners : Bambang Susantono President Commissioners Betti Alisjahbana Independent Commissioners Bambang Wahyudi Commissioners Sonatha Halim Jusuf Commissioners Wendy Aritenang Yazid Commissioners Board of Directors : Emirsyah Satar President & CEO Handrito Hardjono EVP Finance Faik Fahmi EVP Services Elisa Lumbantoruan EVP Commercial Heriyanto Agung Putra EVP Human Capital & Corporate Affairs Batara Silaban EVP Maintenance & Fleet Management Judi Rifajantoro EVP Strategy, Business Development & Risk Management Novijanto Herupratomo EVP Operations 2

4 Contents t 1. Market & Company Overview 2. Summary Result 1Q Subsidiaries 3

5 1. Market & Company Overview Emirsyah Satar President & CEO 4

6 Garuda Indonesia Group Garuda Indonesia (Main brand) Ops Revenue Contribution 1Q 2012 Garuda Indonesia (Main brand) 0.4% 9.5% Domestic International Feeder / Sub % Scheduled Airlines Non scheduled Airlines Others Key Subsidiaries & Associated Companies Cargo Citilink (LCC) Hajj / Charter Hospitality and Tourism MRO Services IT Services Global Distribution Systems Ground Handling Aerowisata GMF Aero Abacus Gapura AeroAsiaA Systems Angkasa 5

7 Summary Achievement in 1Q 2012 Indicator Compared with 1Q Passenger Carried 25.3% 2 Cargo Uplifted 16.7% 3 Total Revenue 23.0% 4 Passenger Revenue 27.5% 5 Operating Profit/Loss 77.6% 6 Income / Loss for the Period 44.1% 7 Passenger Yield 9.6% Description Pax number increase from mio (1Q11) to 4.60 mio (1Q12) Cargo uplifted incrase from 56,127 ton (1Q11) to 65,488 ton (1Q12) Total Revenue Increase from USD mio (1Q11) to USD (1Q12) Pax Revenue increase from USD mio (1Q11) to USD mio (1Q12) Operating loss decrease from USD mio (1Q11) to USD 6.83 mio (1Q12) Loss for the Period decrease to USD mio (1Q11) to USD mio (1Q12) Pax Yield increase from US 8.59 (1Q11) to US 9.99 (1Q12) 6 6

8 Competition on routes which GA flew As per Feb 2012 GA Domestic traffic growth : 25.5% YoY GA International traffic growth : 22.0 % % 25.5% % 22.0% % % Jan Feb 2011 Jan Feb 2012 Jan Feb 2011 Jan Feb 2012 Others GA Others GA Sources: Company (direct competition GA routes in/out CGK,DPS,SUB,UPG), exclude Citilink 7

9 Fleet: Expansion and Rejuvenation of Fleet 1Q 4Q 1Q Ops Fin Owned Lease Lease Narrow Body B B B B NG Wide Body B A A Citilink B B A TOTAL FLEET Average Age 6.50 # of Aircraft Fleet at 31 December IN: Delivery of: +3 B A OUT: NIL Fleet at 31 March Planned 2012: # of Aircraft Fleet at 31 March IN: Delivery of: +18 B A A CRJ OUT: 3 B B B Fleet at 31 December

10 Routes Changes 1Q 2012 International Routes changes Rote Dom Add route Bandung Surabaya Add frequency Jakarta Batam Jakarta Pekanbaru Int l Add frequency Jakarta Kualalumpur Close route Reduce frequency Denpasar Nagoya Jakarta Dubai Amsterdam 9

11 Operating Indicators Group 1Q Q Q 2012 % YoY % QoQ Aircraft Utilization (Hours) 10:04 10:34 10: Operational Frequencies 28,952 35,144 35, On Time Performance (%) ASK ( 000) 7,352,122 8,422,418 8,568, Average Fuel Price (USD/L) Passenger Carried 3,676,596 4,688,937 4,607, Passenger & Cargo Financial RPK ( 000) 5,270,523 6,357,717 6,236, Seat Load Factor (%) Passenger Yield (US ) Cargo/Mail Uplifted (Ton) 56,127 60, CASK (US ) CASK (excl fuel) (US ) Notes: All figures include GA & Citilink, except aircraft Utilization and OTP are for GA Main Brand only, 10

12 Operating Indicators by sector Domestic Int l Citilink 1Q Q Q 2012 % YoY % QoQ Passenger Carried 2,598,224 3,352,248 3,195, ASK ( 000) 2,995,995 3,540,902 3,551, RPK ( 000) 2,203,034 2,956,052 2,764, Seat Load Factor (%) Passenger Yield (US ) Passenger Carried 706, , , ASK ( 000) 3,925,747 4,329,701 4,372, RPK ( 000) 2,750,339 2,996,954 3,021, Seat Load Factor (%) Passenger Yield (US ) Passenger Carried 371, , , ASK ( 000) 430, , , RPK ( 000) 317, , , Seat Load Factor (%) Passenger Yield (US )

13 2. Summary & Result 1Q 2012 Handrito Hardjono EVP Finance 12

14 Maintaining Growth Momentum Operating Revenue (in USD Mio) Passenger Revenue (in USD Mio) 1,574 2,168 2,001 2,173 3,088 5,000 4,000 3,000 68% 68% 60% 73% 78% 80% 84% 90% 60% Q Q ,000 1,000 1,072 1,484 1,210 1,595 2, Q Q 2012 Passenger Revenue % to Total Revenue 30% 0% Number of Passengers (in Mio) Highlights Strong revenue growth continues, with higher YoY growth compares to CAGR growth Q Q 2012 Domestic International Number of passengers also increase at higher rate in 1Q 12, compares to CAGR Increasing contribution from passenger services as main business 13 13

15 While focus on Cost Efficiency Historical Financial Indicator (in U$c) Highlights During 1Q 12, passenger yield increased by9.55%,whileatthesametimecaskonly increase by 5.03% and CASK excluding fuel 7.9 only increase by 1.53% In broader time frame, any increase in 4.7 CASK had been adjusted to passenger yield, shows that any increase in cost would be pass right away to customers Q Q 2012 Pax Yield CASK CASK ex. Fuel Jet Fuel (USD/Liter) 14 14

16 Income Statement Summary Consolidated In USD Mio 1Q Q 2012 % YoY Op perating Re evenue Operat ting Expen ses Income Passenger Cargo Others Total Fuel Non Fuel Total Operating Profit/Loss Profit/Loss Current Period Comprehensive Income/Loss N/A Business Economy Overall ASK % +16.8% +16.5% Passenger % % +29.6% Revenue RASK % +10.6% +13.7% Focus on high end customer which is give higher revenue contribution Increase overall passenger yield by 9.6% 15

17 Balance Sheet Summary Consolidated 31 Dec Mar 2012 % YoY Current Assets % Asset Non Curents Assets 1, , % Total Assets 2, , % Current Liabilities % Liabilities Non Curent Liabilities % 4 Total Liabilities 1, , % Equities Total Equities % 1 Total Liabilities & Equities 2, , % 16

18 Financial Indicator EBITDAR (USD Mio) Lease Adjusted Net Debt/EBITDAR Q Q Q Q

19 Outlook for the remaining quarters in 2012 Macro Volatility in fuel price to continue as Europe crisis still seen no exit yet Domestic Demandin domesticmarket remainrobust Demand still expected to grow faster than capacity expansion New player of FSC expected to enter the market, see no significant impact on GA International Uncertainty in International market especially in Europe International market in Asia Pacific remain strong, focus on more profitable routes 18

20 19 3. Subsidiaries

21 Financial Summary Subsidiaries ( Unaudited) USD Page 20

22 Financial Summary Subsidiaries ( Unaudited) USD Page 21

23 Awards & Accolades Emirsyah hst Satar President & CEO 22

24 Awards & Accolades 1Q 2012 The Best Annual Report Worldwide de Platinum Winner 2010/2011 Vision Awards League of American Communications Professionals 2011 The Best International Airlines Roy Morgan Customer Satisfaction Award (Australia) 23

25 PT Garuda Indonesia (Persero) Tbk. Investor Relations Department 2nd Floor Management Building Garuda City Soekarno Hatta International Airport Phone : investor@garuda indonesia.com THANK YOU 24