INVESTOR NEWSLETTER. Contents. ... Financial Highlights... Share Price History... About LTLS. May 5th, PT Lautan Luas

Transcription

1 May 5th, 015 Distributor and Manufacturer - Basic and Specialty Chemicals INVESTOR NEWSLETTER PT Lautan Luas Contents Share Price History... About LTLS

2 0 PT LAUTAN LUAS Tbk (LTLS) is pleased to announce its result for as follows: For the first quarter of 015, Lautan Luas booked revenue from sales, commission, and services of Rp 1,76 billion, an increase by Rp 353 billion or 5.1% compared with the Rp 1,409 billion in 1Q14. This increase was driven from the growth in Distribution segment which reflected the success of management strategy to adjust the product mix. The Company s gross profit was successfully up by about 15.6% to Rp 86 billion from Rp 48 billion year-on-year, while our gross profit margin slightly declined by 1.34%. Operating income decreased to Rp 99 billion or 1.3% lower compared to the same period of previous year. Loss in foreign exchange in was Rp 15 billion, whereby in 1Q14 the Company recorded gain in foreign exchange at Rp 33 billion. As an impact of decrease in operating income, during this period, the profit for the year attributable to parents entity was Rp 31 billion which below Rp 59 billion in 1Q14. EBITDA grew strongly over the both comparative periods, by 7.5% year-on-year and 18.7% quarter-on-quarter. Whereas the total comprehensive income year-on-year rose by 16% to Rp 117 billion, resulting from strengthening the foreign currency against Indonesian Rupiah, when consolidating the Company s net overseas assets.

3 03 CONSOLIDATED INCOME STATEMENT 1Q14 YoY% 4Q14 QoQ% 1,76 1, ,76 1, % 17.59% % 17.00% % 8.93% % 4.91% , % 4.16% % 0.97% Average Rate** 1,799 11,847 1,799 1,47 Ending Rate 13,084 11,404 13,084 1,440 Revenue Gross Profit Gross Profit Margin Selling, general and administrative expenses Forex Gain (Loss) Other Income (Expenses) Operating Income Operating Income Margin Profit Before Income Tax Total Comprehensive Income Profit for The Year Attributable to Owners of the Parent Entity Net Margin EBITDA* USD : IDR Exchange Rate * EBITDA does not include foreign exchange gains or losses for the relevant period ** Average Rate is defined as the average closing rate at the end of each day for the relevant period

4 04 CONSOLIDATED BALANCE SHEET As of 31Mar-015 As of 31Mar-014 YoY% As of 31Mar-015 As of 31Dec-014 QoQ% ,501 1, ,501 1, Inventories Current Assets,94, ,94, Fixed Assets 1,46 1, ,46 1, , , Non-Current Assets,45, ,45, Total Assets 4, , As of 31Mar-015 As of 31Mar-014 YoY% As of 31Mar-015 As of 31Dec-014 QoQ% 86 1, , , Current Liabilities Bond/Leasing/Bank, , , , Non-Current Liabilities 17 1, , ,01 1 1, Equity 1,675 1, ,675 1, Total Liabilities & Equity 4, , Cash & Equivalent Short Term Investments net Trade Receivables Bank Borrowings Trade Payables Leasing / Bank Total assets increased by 14.6% year-on-year and 10.7% quarter-on-quarter due to the increase on both current and non-current assets. The cash position stood at Rp 0 billion, increased by 7.7% compared to the 31 March 014. The trade receivables and inventories also increased on both year and quarter comparative periods. Fixed assets grew by Rp 115 billion or 10.% on year-on-year basis, amounting to Rp 1,46 billion, mainly driven from new investment in the manufacturing facilities. The company s trade payables rose sharply to Rp 1,399 billion, 61.5% increase over the 31 March 014. Total liabilities by the end of March 015 were Rp 3,495 billion or rose by 15.7% compared to the same period last year. And for this period, total equity reached Rp 1,675 billion, up by 1.3% over the 1Q14.

5 05 WORKING CAPITAL CYCLE 1Q ,501 1,130 1,17 1, ,049 T/R Days Inventories , , ,07 1, Working Capital Trade 1,019 1, ,063 (T/R + Inv T/P) days Trade Receivables (T/R) Inventory Days Trade Payables (T/P) T/P Days Inventory and Trade Payables Days are both improved, which translated into better working capital cycle for its operations going forward. KEY PERFORMANCE RATIOS Key Performance Ratios 1Q Asset Growth (%) Revenue Growth (%) Gross Margin (%) Operating Margin (%) EBITDA */Net Int. Exp. ** (X) Net Debt ***/Equity (X) Net Debt ***/EBITDA* (X) Current Ratio (X) ****0, * EBITDA does not include foreign exchange gains or losses for the relevant period ** Net Interest Expense is defined as Interest Expense less Interest Income *** Net Debt is defined as Total Interest Bearing Loans less Cash & Cash Equivalents **** The Current Ratio includes the Company s Bond III/008 obligations which matured in March 013 In line with the greater EBITDA, which mentioned earlier, the EBITDA/Net Interest Expenses and the Net Debt/EBITDA ratios were also strengthened. The Company also successfully managed its liquidity profile, yielding into stable current ratio at 1.18.

6 06 Share Price History Key Performance Ratios Share(millions) Price in 015, March 31 (Rp) Price / Earning (x) Deviden Yield (%) ROE (%) 5wk High (Rp)* 5wk Low (Rp) EPS (Rp) 1, * the price is adjusted for the -for-1 stock split

7 07 About LTLS Established in 1951, PT LAUTAN LUAS Tbk is a distributor and manufacturer of basic and specialty chemicals. The Company represents over 100 international principals, over 1,000 chemical products to more than,000 industrial customers throughout Indonesia and the Asia Pacific region. In addition to the Jakarta headquarter, the Company operates five branches and seven representative offices located in various major cities throughout the archipelago, including a regional office in Singapore that oversees company operations in China, Thailand, and Vietnam. In manufacturing, the Company currently has stakes in seventeen production facilities in Indonesia, two facilities in China, and one in Vietnam. Its support & services business comprise of three subsidiaries that were previously the Company s internal departments, offering supply chain, IT, and laboratory services. For more information, please contact : Investor Relations Eurike Hadijaya Investor.relations@lautan-luas.com UPCOMING EVENT May 13rd, 015 Analyst Meeting FY14 & Rose Garden International Restaurant Graha Indramas, 3rd Floor Jl. AIP II K.S. Tubun Raya No.77, Jakarta 11410