PT Saratoga Investama Sedaya Tbk and Affiliates
Morninglight Investments S.a.r.l Claris Investment Pte. Ltd.
Public Others
Shareholder Composition as of 30 June 2016
BOARD OF COMMISSIONERS BOARD OF DIRECTORS
BoC brings strong mix of operational, strategy, MA, and governance expertise
BoD members bring over 100 years of combined professional experience
48.6 15.3
6.8 29.3
Tossin Himawan
Commissioner
Simon Halim Lee Chul Joo
Danny Walla
Istama Siddharta
Independent Commissioner
Commissioner Commissioner
Independent Commissioner
Edwin Soeryadjaya
Chairman
9
Andi Esfandiari Director
Rudy Halim Group CEO
Troy Parwata
Group CFOManaging Director
Agung Kusumo
Managing Director
Titien Supeno HR Director
MPMFinance won the Best Structured Trade Finance Solution
Indonesia at The Asset Triple A Awards 2016 held by The Asset in
Hong Kong
May 16 Jun 16
MPMInsurance awarded The Best General Insurance 2016 from
Infobank magazine for category of gross premium below IDR 250 bio
MPMInsurance awarded The Best Financial Performance General
Insurance 2016 from Warta Ekonomi magazine for category of company asset
between IDR 400 - 600 bio
Sep 16
FKT received 2 Best Brand Awards for The Best W Matic Lu ri a t a d
The Best W Lu ri a t
Sep 16 Jun 16
Mulia launched Honda BigBike 500 series CBR 500R CB 500F in Surabaya
MPM Group listed as one of 50 Best Companies by Forbes Indonesia
Aug 16
10
Rp 12,000
Rp 14,000
Rp 15,000
Rp 16,000
USD Spot Rate
Market Spot Rate
Rp 12,000
Original Coverage Settlement
Rp 2,000 subsidy – Spot Rate – Rp 15,000
Rp 2,000 subsidy
Rp 1,000 subsidy
Ave. Premium Coverage
Participants 2.18
Principal maturity Sep 2019 Coupon up to 2017
Deutsche Bank, Morgan Stanley, ANZ, MUFG
Top-Up Coverage Settlement
Market Spot Rate
Back to original cover Rp 14,000
0.73 p.a. Principal maturity Sep 2019
Deutsche Bank, Morgan Stanley
+
11
MPM Updates
Leading End-to-End Consumer Automotive Company in Indonesia
Company Updates
Continued scale building and growth across all business segments
Company Updates
Continued scale building and growth across all business segments
1H16 Business Segments Performance
Positive Growth in all Business Segments
1H16 Summary
+9 YoY Revenue Growth -23 YoY +52 QoQ NPATMI Growth
12
972 902
903
FY14 FY15
1H16 LTM
+0 -7
Sales Volume 000 units, YoY
293 261
271
FY14 FY15
1H16 LTM
-11 Revenue IDR B, YoY
NPAT IDR B, YoY
1H16 Highlights
• 2W sales volume in YTD 2016 is showing stable growth vs national sales of -5 in 1H16 relative to 1H15.
• Lebaran festive was positive contributing factor to the 2W sales. • Higher actual revenue than last year due to sales volume growth
and increase in sales price in 2016, as well as the increase contribution comes from sports type.
• Higher YTD NPAT compared to June 2015 is driven by positive gross profit growth paired with lower interest expenses from
dealers financing
Mulia
120 129
131
FY14 FY15
1H16 LTM
+8
MSO
FY14 FY15
1H16 LTM
13,544 14,036
+3
Key Initiatives
• Launching of new scooter sport motorcycles • Ramping-up sales promotion activities to consumer, dealers,
and financing companies • Improve cost efficiency by relocating outsourced labor
• Finalizing third warehouse construction to lower rental costs • Continuously improving current business processes
13,130
+2
+4
+4
454 455
1H15 1H16
61
63
1H15 1H16
1H15 1H16
7,172
148 158
1H15 1H16
6,680
+0
+2
+7
+6
13
1H15 1H16
-14
-85
FY14 FY15
2Q16 LTM
-102
Sales Volume Car Units, YoY
NPAT IDR B, YoY
1H16 Highlights
FY14 FY15
1H16 LTM
1,382 3,680
5,213
Revenue IDR B, YoY
FY14 FY15
1H16 LTM
847
643
FY14
• Higher sales volume as of June 2016 relative to last year due the increase in sales productivity and scaling-up of operations
currently 11 dealers for new cars. • Lower YTD NPAT as of June 2016 compared to 2015 due to
higher opex because of the scaling-up of the operations and addtional interest expense which is realized after the contruction
of the new dealer is completed.
+166
+32
FY15 1H16 LTM
Key Initiatives
• Focus on sales productivity with cost efficiencies on existing dealerships
260
-31
-48
1H15 1H16
1H15 1H16
3,078 1,545
1H15 1H16
480 276
+99
+74
-54 +42
+147
-20 -512
14
FY14 FY15
1H16 LTM FY14
FY15 1H16 LTM
+7 -5
Sales Volume KL, YoY
251 301
FY14 FY15
1H16 LTM
+20 Revenue IDR B, YoY
NPAT IDR B, YoY
1H16 Highlights
-1
62,116 59,200
• Higher sales volume as of YTD June 2016 compared to YTD June 2015 due to sales volume increase in the majority of sales
categories, including: Non Matic and Matic 2W segment.
4W new segment • The revenue increase as of YTD June 2016 is in line with the
increment from sales volume as mentioned above. • Higher NPAT as of June 2016 compare to last year mainly due to
the stable COGS.
63,172
Federal Oil 2W • Strengthen channel development
• Increase product quality Federal Mobil 4W
• Focusing on market growth outside Jakarta and Surabaya
• Improve B2B channels
1,670
+6
+4
314
1H15 1H16
28,074
757
1H15 1H16
845
140
1H15 1H16
153 32,046
+14
+12
+9
1,592 1,582
Key Initiatives
15
20
1H15 1H16
11
1H15 1H16
67 -33
-42
FY14 FY15
1H16 LTM FY14
FY15 1H16 LTM
-9 Fleet Size Units, YoY
Revenue IDR B, YoY
NPAT IDR B, YoY
1H16 Highlights
1,165
FY14 FY15
1H16 LTM
1,123 1,095
-4
13,935 15,255
13,856
• YTD fleet size as of June 2016 is slightly lower than last year but recovers from FY15.
• Stable utilization rate of around 90. • Lower revenue as of June 2016 compared to last year because
of the decrease in car rental revenue which is mainly driven by smaller fleet size.
• Lower NPAT as of June 2016 than last year due primarily to slightly higher maintenance costs.
• Cash balance of Rp437B at the end of June 16.
-1
-2
-27
Key Initiatives
• Improving operational efficiency and productivity • Improving the portfolio of corporate clients, including new
offerings to customers
-149
14,413 14,334
-1
574
1H15 1H16
546
-5
-44
16
1H15 1H16
4,093 2,934
3,141
FY14 FY15
1H16 LTM
-28 New Booking IDR B, YoY
1,145 1,164
1,127
FY14 FY15
1H16 LTM
+2
86 27
15
FY14 FY15
1H16 LTM
-68 Revenue IDR B, YoY
NPAT IDR B, YoY
1H16 Highlights
• Higher new bookings as of June 2016 compared to last year with early re-monitoring system which focus on the assets quality.
• Lower NPAT as of June 2016 compared to last year due to higher provision for doubtful accounts the introduction of automatic 4W
provisioning in January 2016. • NPL 90+:
2.9 3.2
