301ba0996b3c1758601528164cea061b
INVESTOR
BRIEF
[for the years ended December 31, 2014]
Security code: TCID
BUSINESS RESULT
Statements of Income
FY2014
Rp Billion
FY2013
Balance
%Growth
Net Sales
2,308,204
2,027,899
280,305
13.8%
COGs
1,411,935
1,250,786
161,149
12.9%
Gross Profit
896,269
777,114
119,155
15.3%
Operating Expenses
641,772
551,225
90,547
16.4%
Operating Income
254,496
225,889
28,607
12.7%
Net Income
174,314
160,148
14,166
8.8%
Comprehensive Income
174,908
160,564
14,344
8.9%
867
796
71
8.9%
Dec 31, 2014
Dec 31, 2013
Balance
%Growth
874,017
726,505
147,512
20.3%
Basic Earnings per Share (in Rp)
Statements of Financial Position
Rp Billion
Current Assets
Non-Current Assets
Total Assets
Current Liabilities
979,218
739,447
239,771
32.4%
1,853,235
1,465,952
387,283
26.4%
486,054
203,320
282,734
139.1%
Non-Current Liability
83,677
79,641
4,036
5.1%
Equity
1,283,504
1,182,991
100,513
8.5%
Total Liabilities & Equity
1,853,235
1,465,952
387,283
26.4%
387,963
523,185
-135,222
-25.8%
201,066,667
201,066,667
201,066,667
FY2014
FY2013
Balance
%Growth
306,227
315,010
8,783
-2.8%
Net Working Capital
Issued Shares (in number of shares)
Statements of Cash Flows
Rp Billion
Capital Expenditure
Shareholders Composition
Mandom Corp.: 60.84%
Other founder : 1.62%
Public
: 37.54%
Brief Analysis
The Company managed to achieve its annual target by recording sales at Rp 2.31 trillion
or grew by 13.8% compared to FY13.
Both domestic & export sales recorded double digit growth of 10.7% and 21.7% respectively.
COG increased by 12.9% or below sales growth. Several efficiency efforts conducted by the Company
was succeed to maintain the increasing COG.
Operating expenses increased by 16.4%, due to the aggressive A&P to support activities related to
introduction of new and renewal products throughout 2014.
Capex in 2014 reached Rp 306 billion. The construction of new office and factory has been completed.
Relocation process is planned to be completed in 2Q-2015.
Net Sales
Net Sales by Geographical Segment
FY2014
FY2013
Balance
%Growth
Domestic
1,606,189
1,451,013
155,176
10.7%
Export
702,014
2,308,203
576,886
2,027,899
125,128
21.7%
Rp Billion
FY2014
FY2013
Balance
%Growth
Men's
1,072,374
889,177
183,197
20.6%
Women's
1,181,615
1,061,110
120,505
11.4%
54,215
77,612
-23,397
-30.1%
FY2014
FY2013
Balance
%Growth
Skin Care & Make Up
794,479
739,342
55,137
7.5%
Hair Care
845,718
665,917
179,801
27.0%
Fragrance
627,514
570,410
57,104
10.0%
40,492
52,231
-11,739
-22.5%
Rp Billion
Net Sales by Category
Others
Net Sales By Segment
Rp Billion
Others
10.0%
627,514
570,410
30.4%
7.5%
794,479
739,342
69.6%
665,917
27.0%
845,718
FY2013
Domestic
Export
Fragrance
FY2014
Skin Care & Make Up
Hair Care
Management Plan
Fourth Stage of the 3-Year Middle Range Management Planning (MID-4)
2014 - 2016
Become The Real Global Company
Mandom Indonesia is planning to achieve sales target of Rp 3 trillion by the end of 2016 as the final year of
MID-4. The Company put efforts on strengthening the Company’s brands particularly Gatsby and Pixy,
enhancing export business, and also entering into new business categories.
Future Expansion
The construction of new office and factory had been completed on December. Relocation has been started
since February 2015 and is estimated in mid-2015, operational and production process will run thoroughly
in the new area.
Investment : Rp. 390 billion
Site area : 148,000m2
Building area : 37,692m2
New Office &
Factory in Cibitung
Sunter Factory
Cibitung Factory
Brief Analysis
Hair Care
Year on Year
comparison
Sales of Hair Care
(in Millions Rupiah)
27.0%
845,718
647,698
665,917
FY2012
FY2013
FY2014
Supported by several new & renewal
products such as GATSBY Hairstyling
Mist, GATSBY Styling Pomade and New
Gatsby Styling Wax, hair care products
managed to record a significant
performance whereby sales grew by 27.0%
compared to FY13. This performance was
also driven by Lucido-l as a new brand for
hair care products which continuously
showing a positive acceptance from the
market. First time launched in
2012, currently Lucido-l is No. 2 in hair
vitamin market.
Skin Care & Make Up
Year on Year
comparison
Skin Care & Make Up
7.5%
(in Millions Rupiah)
794,479
739,342
679,862
34,26%
FY2012
FY2013
FY2014
Amid tight competition, in 2014 skin care
& makeup products managed to achieve
. 7.5% sales growth compared to the
preceeding year. Men's skin care market
still grew faster than women's. In
2Q2014 we launched GATSBY Skin Tonic
Cooling Face Wash. Meanwhile, in facing
tough competition in ladies cosmetics
market, we launched PIXY BB Cream
Bright Fix and PIXY Compact Powder Pure
Finish.
Fragrance
Sales of Fragrance
(in Millions Rupiah)
Year on Year
comparison
10.0%
627,514
570,410
490,761
FY2012
FY2013
FY2014
Sales of fragrance products grew by
10.0% compared to preceding year.
Fragrance is a very fierce market with
low consumer loyalty. We have to
continuously provide new & renewal
products to maintain the market. In
2014, we launched Pucelle Deodorant
Perfume Spray. Currently, Gatsby &
Pucelle still the No.1 in their respective
market.
Ratios
Return On Equity
13.75%
FY2011
13.75%
13.54%
FY2012
FY2013
Return On Assets
13.58%
FY2014
12.41%
FY2011
11.95%
FY2012
EBITDA Margin
10.92%
FY2013
9.41%
FY2014
EPS
(in rupiah)
15.20%
14.62%
14.28%
13.63%
541
FY2011
FY2012
FY2013
FY2014
FY2011
BVPS
Rp5,074.2
Rp5,454.1
Rp5,882.6
796
867
FY2013
FY2014
657
FY2012
Dividen Yield*
Rp6,382.4
4.42%
3.68%
3.11%
2.11%
FY2011
FY2012
FY2013
FY2014
FY2011
FY2012
FY2013
FY2014
*stock price as of Dec 31, 2014
CORPORATE SECRETARY/
PR-INVESTOR RELATIONS
Alia Dewi/Reza Azianur
P: 62-21-6510061
F: 62-21-6510069
E-mail:
[email protected]/
[email protected]
W: www.mandom.co.id
DISCLAIMER
This report contains certain statements of future expectations and other
forward-looking statements, including those relating to our general
business plan and strategy, our future financial condition, and growth
prospect. Forward-looking statements involve risk and uncertainty
which could cause actual results and development to differ materially
from those expressed or implied in these statements. All opinions and
estimations included in this report constitute our judgement as of the
said period and are subject to change without prior notice. Mandom
Indonesia does not guarantee that any actions, which should have been
taken in reliance on this report will bring specific result as expected.
BRIEF
[for the years ended December 31, 2014]
Security code: TCID
BUSINESS RESULT
Statements of Income
FY2014
Rp Billion
FY2013
Balance
%Growth
Net Sales
2,308,204
2,027,899
280,305
13.8%
COGs
1,411,935
1,250,786
161,149
12.9%
Gross Profit
896,269
777,114
119,155
15.3%
Operating Expenses
641,772
551,225
90,547
16.4%
Operating Income
254,496
225,889
28,607
12.7%
Net Income
174,314
160,148
14,166
8.8%
Comprehensive Income
174,908
160,564
14,344
8.9%
867
796
71
8.9%
Dec 31, 2014
Dec 31, 2013
Balance
%Growth
874,017
726,505
147,512
20.3%
Basic Earnings per Share (in Rp)
Statements of Financial Position
Rp Billion
Current Assets
Non-Current Assets
Total Assets
Current Liabilities
979,218
739,447
239,771
32.4%
1,853,235
1,465,952
387,283
26.4%
486,054
203,320
282,734
139.1%
Non-Current Liability
83,677
79,641
4,036
5.1%
Equity
1,283,504
1,182,991
100,513
8.5%
Total Liabilities & Equity
1,853,235
1,465,952
387,283
26.4%
387,963
523,185
-135,222
-25.8%
201,066,667
201,066,667
201,066,667
FY2014
FY2013
Balance
%Growth
306,227
315,010
8,783
-2.8%
Net Working Capital
Issued Shares (in number of shares)
Statements of Cash Flows
Rp Billion
Capital Expenditure
Shareholders Composition
Mandom Corp.: 60.84%
Other founder : 1.62%
Public
: 37.54%
Brief Analysis
The Company managed to achieve its annual target by recording sales at Rp 2.31 trillion
or grew by 13.8% compared to FY13.
Both domestic & export sales recorded double digit growth of 10.7% and 21.7% respectively.
COG increased by 12.9% or below sales growth. Several efficiency efforts conducted by the Company
was succeed to maintain the increasing COG.
Operating expenses increased by 16.4%, due to the aggressive A&P to support activities related to
introduction of new and renewal products throughout 2014.
Capex in 2014 reached Rp 306 billion. The construction of new office and factory has been completed.
Relocation process is planned to be completed in 2Q-2015.
Net Sales
Net Sales by Geographical Segment
FY2014
FY2013
Balance
%Growth
Domestic
1,606,189
1,451,013
155,176
10.7%
Export
702,014
2,308,203
576,886
2,027,899
125,128
21.7%
Rp Billion
FY2014
FY2013
Balance
%Growth
Men's
1,072,374
889,177
183,197
20.6%
Women's
1,181,615
1,061,110
120,505
11.4%
54,215
77,612
-23,397
-30.1%
FY2014
FY2013
Balance
%Growth
Skin Care & Make Up
794,479
739,342
55,137
7.5%
Hair Care
845,718
665,917
179,801
27.0%
Fragrance
627,514
570,410
57,104
10.0%
40,492
52,231
-11,739
-22.5%
Rp Billion
Net Sales by Category
Others
Net Sales By Segment
Rp Billion
Others
10.0%
627,514
570,410
30.4%
7.5%
794,479
739,342
69.6%
665,917
27.0%
845,718
FY2013
Domestic
Export
Fragrance
FY2014
Skin Care & Make Up
Hair Care
Management Plan
Fourth Stage of the 3-Year Middle Range Management Planning (MID-4)
2014 - 2016
Become The Real Global Company
Mandom Indonesia is planning to achieve sales target of Rp 3 trillion by the end of 2016 as the final year of
MID-4. The Company put efforts on strengthening the Company’s brands particularly Gatsby and Pixy,
enhancing export business, and also entering into new business categories.
Future Expansion
The construction of new office and factory had been completed on December. Relocation has been started
since February 2015 and is estimated in mid-2015, operational and production process will run thoroughly
in the new area.
Investment : Rp. 390 billion
Site area : 148,000m2
Building area : 37,692m2
New Office &
Factory in Cibitung
Sunter Factory
Cibitung Factory
Brief Analysis
Hair Care
Year on Year
comparison
Sales of Hair Care
(in Millions Rupiah)
27.0%
845,718
647,698
665,917
FY2012
FY2013
FY2014
Supported by several new & renewal
products such as GATSBY Hairstyling
Mist, GATSBY Styling Pomade and New
Gatsby Styling Wax, hair care products
managed to record a significant
performance whereby sales grew by 27.0%
compared to FY13. This performance was
also driven by Lucido-l as a new brand for
hair care products which continuously
showing a positive acceptance from the
market. First time launched in
2012, currently Lucido-l is No. 2 in hair
vitamin market.
Skin Care & Make Up
Year on Year
comparison
Skin Care & Make Up
7.5%
(in Millions Rupiah)
794,479
739,342
679,862
34,26%
FY2012
FY2013
FY2014
Amid tight competition, in 2014 skin care
& makeup products managed to achieve
. 7.5% sales growth compared to the
preceeding year. Men's skin care market
still grew faster than women's. In
2Q2014 we launched GATSBY Skin Tonic
Cooling Face Wash. Meanwhile, in facing
tough competition in ladies cosmetics
market, we launched PIXY BB Cream
Bright Fix and PIXY Compact Powder Pure
Finish.
Fragrance
Sales of Fragrance
(in Millions Rupiah)
Year on Year
comparison
10.0%
627,514
570,410
490,761
FY2012
FY2013
FY2014
Sales of fragrance products grew by
10.0% compared to preceding year.
Fragrance is a very fierce market with
low consumer loyalty. We have to
continuously provide new & renewal
products to maintain the market. In
2014, we launched Pucelle Deodorant
Perfume Spray. Currently, Gatsby &
Pucelle still the No.1 in their respective
market.
Ratios
Return On Equity
13.75%
FY2011
13.75%
13.54%
FY2012
FY2013
Return On Assets
13.58%
FY2014
12.41%
FY2011
11.95%
FY2012
EBITDA Margin
10.92%
FY2013
9.41%
FY2014
EPS
(in rupiah)
15.20%
14.62%
14.28%
13.63%
541
FY2011
FY2012
FY2013
FY2014
FY2011
BVPS
Rp5,074.2
Rp5,454.1
Rp5,882.6
796
867
FY2013
FY2014
657
FY2012
Dividen Yield*
Rp6,382.4
4.42%
3.68%
3.11%
2.11%
FY2011
FY2012
FY2013
FY2014
FY2011
FY2012
FY2013
FY2014
*stock price as of Dec 31, 2014
CORPORATE SECRETARY/
PR-INVESTOR RELATIONS
Alia Dewi/Reza Azianur
P: 62-21-6510061
F: 62-21-6510069
E-mail:
[email protected]/
[email protected]
W: www.mandom.co.id
DISCLAIMER
This report contains certain statements of future expectations and other
forward-looking statements, including those relating to our general
business plan and strategy, our future financial condition, and growth
prospect. Forward-looking statements involve risk and uncertainty
which could cause actual results and development to differ materially
from those expressed or implied in these statements. All opinions and
estimations included in this report constitute our judgement as of the
said period and are subject to change without prior notice. Mandom
Indonesia does not guarantee that any actions, which should have been
taken in reliance on this report will bring specific result as expected.