MPMX 1Q17 Presentation vF 2
1Q17
MPM Company Highlights
and Financial Results
(Ticker: MPMX)
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MPM: FROM PIPELINE TO PLATFORM BUSINESS
OUR CREDO
Progressive Thinking
Active Ownership
Collaboration
OUR VISION
To positively
impact lives
through
smart mobility
and
social integration
OUR MISSION
To create ecosystems of the
best ideas
(game changing innovation) delivered through
the
most relevant
products and services (understanding people better) in the most
effective ways (optimized business models & cross selling), by the
most talented
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TABLE OF CONTENT
01
MPM: Company Highlights
02
Consolidated Financial Results: FY 16 and 1Q 17 Updates
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MPM IN A SNAPSHOT: LEADING SMART MOBILITY COMPANY IN INDONESIA
• Est. in 1987 by W. Soeryadjaya as 2W distribution business for Honda
• Expertise and leading market positions in consumer automotive (2W & 4W) supply chain and value chain
• Recognized by industry as 2016 Top 50 Best Company in Indonesia (Forbes) and other various awards
Market expertise
With 30 year of experience
• BOC & BOD has over 100 years of management and governance with industry experts, independent commissioners, and professionals in place
• Listed in IDX (Ticker: MPMX) in 2013, raising Rp 1.5T from public (22% enlarged TSO)
• Total Equity @ Rp 5.6T with cash balance @ Rp 1.3T (Dec ’16)
Strong Corporate
Governance & Financials
• 4 main business segments, each with growth potential
• Network and presence across
archipelago serving 10MM+ individual customers, 1,000+ corporate clients, and 10,000+ 3rd party channels
• 8,000+ employees with high performance culture
Significant Growth
Potentials
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MPM BUSINESS: COLLECTIVE POWER
Rp 17.7T
FY16 Revenue
77%
10%
6%
7%
Distribution & Retail
• 2W Honda distribution in E. Java + NTT with 290 dealer relationships, serving ~3.6MM active customers
• 2W Honda 3S dealerships with 40 outlets across Indonesia
• 4W Nissan & Datsun 3S dealerships with 10 outlets across Indonesia
Auto Consumer Parts
• 2W & 4W engine lubricant principal & parts distribution company
• 3,300+ Federal Oil Centers & 10,000+ 3rd
party workshops nationwide, serving 10MM+ customers per year
Auto Services
• Independent 4W rental/lease company with 14K fleet, serving 1,000+ corporates
• Fleet & logistic management services
Financial Services
• Independent 2W, 4W, lease financing business with 83 outlets nationwide, serving 139K+ customers
• Non-life general insurance including 2W, 4W, cargo, & property with 16 offices & 6 service points nationwide
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GOVERNANCE AND MANAGEMENT
48.6%
15.3%
6.8%
29.3%
PT Saratoga Investama Sedaya Tbk & Affiliates
Morninglight Investment S.a.r.l Claris Investment Pte. Ltd.
Public & Others
Board of Commissioners
Strong mix of operational, strategy, M&A, and
governance expertise
Board of Directors
Over 100 years of combined professional experience
Rudy Halim Group CEO
Troy Parwata Group CFO
Agung Kusumo Managing Director
Titien Supeno
HR Director Andi Esfandiari Director Edwin Soeryadjaya
Chairman
Tossin Himawan Commissioner
Danny Walla Commissioner
Lee Chul Joo Commissioner
Istama Siddharta Independent Commissioner
Simon Halim Independent Commissioner
Shareholding
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MPM GROUP NETWORK: PRESENCE ACROSS INDONESIA
Resource: MPMX, as of 31 Mar 2017
16 MPMInsurance
Offices & Outlets 47 FKT Distributors for Federal Oil & Federal Mobil
33 MPMRent Offices & Service Points
10 MPMAuto Dealers 83 MPMFinance Offices & Outlets
40 MPMotor Retail Outlets
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TABLE OF CONTENT
01
MPM: Company Highlights
02
Consolidated Financial Results: FY 16 and 1Q 17 Updates
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1Q17 REVENUES: SEGMENT CONTRIBUTION & MOVEMENT
Revenues 1Q17
Rp 4.0T
-12.6% QoQ, -4.5% YoY
75%
10%
7%
8%
1) Non Financial Services : Mulia, MPMMotor, FKT, PMP, MPMAuto, MPMMobil, MPMRent, Grahamitra, DSS & SAK 2) Financial Services : MPMFinance & MPMInsurance
-7% -5% +12% +11%
(252) (21) 32 31 26
%YOY
1Q16 1Q17
3,959 4,143
-4.5%
YoY revenue growth
Distribution & Retail Consumer Parts Auto Services Financial Services Elimination
Revenues Growth % YOY, in Rp billion
Summary
Lower sales from Distribution & Retail is due to limited product availability of 4W and unfavourable weather affecting 2W sales
Lubricant sales decrease slightly on the back of year-end promotion and slow traffic to outlets
Higher revenue from Auto Services due to achieving better disposal value
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1Q17 NPATMI: SEGMENT CONTRIBUTION & MOVEMENT
10% 8%
44% 38%
0% 10% 20% 30% 40% 50% Financial Services
Auto Services Auto Consumer Parts Distribution & Retail
Rp 129B
81.0% QoQ, 80.2% YoY
NPATMI 1Q17
1) Non Financial Services : Mulia, MPMMotor, FKT, PMP, MPMAuto, MPMMobil, MPMRent, Grahamitra, DSS & SAK 2) Financial Services : MPMFinance & MPMInsurance
%YOY -23% -2% +137% +781%
+80%
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41
38
72 1Q16
1Q17 129
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+74% -901%
YoY NPATMI growth
Distribution & Retail Consumer Parts Auto Services Financial Services Head Office Minority Interest
NPATMI Growth % YOY, in Rp billion
Summary
One-off gain of Rp36B from the sale of fixed asset attributed from Head Office
Lower COF and higher asset quality drive the significant rise in NPATMI from Financial Services
NPATMI in Distribution & Retail fell due to the low 4W sales as a result of limited product availability
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1Q17 CONSOLIDATED P&L RESULTS
Financial Highlights (in Rp billion)
Net Revenues Gross Profit NPATMI EBITDA CAPEX 1Q17 3,959 627 129 366 124 QoQ% -12.6% -16.9% 81.0% 3.4% -30.5% YoY% -4.5% 4.3% 80.2% 36.3% -24.4% 1Q17 3,650 413 102 307 122 QoQ% -13.0% 4.8% 422.7% 27.9% -30.6% YoY% -5.5% -3.3% 46.2% 14.8% -25.0% 1Q17 322 225 46* 59 2 QoQ% -7.5% -39.1% -47.3% -48.1% -20.9% YoY% 10.7% 23.0% 1105.9% 5899.5% 37.6%
Consolidated Non Financial Services Financial Services
Summary
Strong growth in earnings recorded (+80% YoY), due to overall improvement in operations across all business
Excluding one-off gain on sale of fixed assets (Rp 36B), earnings during the period grew by 30% YoY
Slight decline in revenue (-4.5% YoY), lower sales especially in 4W business due to limited product availability
1) Non Financial Services : Mulia, MPMMotor, FKT, PMP, MPMAuto, MPMMobil, MPMRent, Grahamitra, DSS & SAK 2) Financial Services : MPMFinance & MPMInsurance
* NPAT
%Rev - 15.8% 3.3% 9.3% 3.1% %Rev - 11.3% 2.8% 8.4% 3.3% %Rev - 69.9% 14.2% 18.3% 0.6%
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FY16 CONSOLIDATED P&L RESULTS
Financial Highlights (in Rp billion)
Net Revenues Gross Profit NPATMI EBITDA CAPEX FY16 17,723 2,631 361 1,289 792 FY15 16,640 2,299 285 1,160 876 YoY% 6.5% 14.5% 26.6% 11.1% -9.6% FY16 16,509 1,728 290 1,144 785 FY15 15,471 1,581 254 1,093 851 YoY% 6.7% 9.3% 14.0% 4.7% -7.8% FY16 1,259 938 121* 145 7 FY15 1,209 745 54 67 25 YoY% 4.1% 25.9% 124.7% 117.5% -73.9%
Consolidated Non Financial Services Financial Services
Summary
FY16 earnings grew by 27% YoY, driven by successful implementation of key strategic initiatives by the management
Revenue grew by 7% YoY, highlighted by robust sales in 2W despite the downward trend nationwide in 2016
1) Non Financial Services : Mulia, MPMMotor, FKT, PMP, MPMAuto, MPMMobil, MPMRent, Grahamitra, DSS & SAK 2) Financial Services : MPMFinance & MPMInsurance
* NPAT
%Rev - 14.8% 2.0% 7.3% 4.5% %Rev - 10.5% 1.8% 6.9% 4.8% %Rev - 74.5% 9.6% 11.5% 0.5%
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1Q17 Balance Sheet & Key Ratios
(in Rp billion)
Cash and Cash Equivalents Total Asset
Bank Funding Bonds MTN BV of Equity
1Q17 812 14,802 4,061 2,631 300 5,828 QoQ% -36.8% -0.8% -5.4% -2.4% - 3.2% YoY% -46.2% 1.8% 1.9% 0.9% - 6.0% 1Q17 540 9,177 335 2,631 - 4,806 QoQ% -45.4% -3.7% -55.1% -2.4% - 3.2% YoY% -45.0% -5.8% -54.4% 0.9% - 5.5% 1Q17 272 6,562 3,726 - 300 1,937 QoQ% -7.7% 3.8% 5.1% - - 1.7% YoY% 48.6% 14.6% 14.7% - - 4.1%
Consolidated Non Financial Services Financial Services
1) Non Financial Services : Mulia, MPMMotor, FKT, PMP, MPMAuto, MPMMobil, MPMRent, Grahamitra, DSS & SAK 2) Financial Services : MPMFinance & MPMInsurance
2.2x 0.5x 6.2% 3.3% 3.8x Net Debt/EBITDA* Net Debt/Equity ROE* ROA* FCCR 4.6x 1.1x 8.3% 3.3% 4.7x 4.2x 1.1x 7.5% 2.8% 4.2x 4.9x 0.9x 5.3% 2.0% 3.6x 2.6x 0.5x 1.7% 0.8% 2.8x 2.2x 0.5x 6.1% 2.9% 3.6x 15.8x 1.9x 9.5% 2.8% - 7.8x 1.9x 18.2% 5.5% - 724.1x 1.5x 0.8% 0.3% - *Annualize figure
Cash and NFS Bank Funding level decreased driven by positive effect of centralized treasury center
ROE & ROA improvement significantly due to increased in net profit
Improved FCCR due to lower interest expenses
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FY16 Balance Sheet & Key Ratios
(in Rp billion)
Cash Total Asset Bank Funding Bonds
BV of Equity
FY16 1,285 14,926 4,293 2,696 5,647 FY15 1,484 14,480 4,338 2,754 5,340 YoY% -13.4% 3.1% -1.0% -2.1% 5.8% FY16 990 9,534 747 2,696 4,657 FY15 1,160 9,741 936 2,754 4,399 YoY% -14.6% -2.1% -18.6% -2.1% -5.8% FY16 295 6,325 3,546 - 1,905 FY15 324 5,671 3,402 - 1,855 YoY% -9.0% 11.5% 4.2% - 2.7%
Consolidated Non Financial Services Financial Services
1) Non Financial Services : Mulia, MPMMotor, FKT, PMP, MPMAuto, MPMMobil, MPMRent, Grahamitra, DSS & SAK 2) Financial Services : MPMFinance & MPMInsurance
2.2x 0.5x 6.2% 3.0% 3.4x Net Debt/EBITDA Net Debt/Equity ROE ROA FCCR 4.7x 1.1x 7.3% 2.7% 3.9x 4.8x 1.1x 5.8% 2.1% 3.6x - - - - - 2.3x 0.6x 5.8% 2.6% 3.4x - - - - - - 1.9x 6.3% 1.9% - - 1.7x 2.9% 0.9% - - - - - -
Cash and NFS Bank Funding level decreased due to the Centralized treasury center impact
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KEY FOCUS 2017: (1) COST LEADERSHIP
Financial Highlights (in Rp billion)
1Q17 5.2 250 103 45 17 4
Summary
Focus on productivity such as Revenue per Head Count
Continusly monitoring OPEX items especially C&B, A&P and T&S
A&P has increased due to 2W slow demand as well as reclassification of 2W OHC cost in Dec’16 to COGS
Lower provision number reflects better quality of assets booked from MPMFinance Optimization of Capital Structure and reduce overall cost of funding
Set up Treasury centre to manage funds more efficiently within the group and reduce admin expenses 1) Non Financial Services : Mulia, MPMMotor, FKT, PMP, MPMAuto, MPMMobil, MPMRent, Grahamitra, DSS & SAK
2) Financial Services : MPMFinance & MPMInsurance
Revenue / HC Total Opex • C&B* • A&P* • T&S* • Provision Average CoF 1Q17 3.6 412 170 51 18 74 8.8%
Consolidated Non Financial Services Financial Services QoQ% -17.4% -27.5% -1.8% 88.1% -29.3% -54.2% YoY% -4.3% -5.7% -1.5% -9.8% -11.6% -16.7% QoQ% -20.2% -21.2% 1.1% 108.6% -29.4% -73.0 YoY% -9.8% -4.0% -1.2% -15.1% -12.1% 9.5% 1Q17 0.8 181 67 6 1 70 QoQ% -8.2% -33.3% -6.0% 9.3% 17.1% -52.3% YoY% 19.8% -7.5% -2.0% 65.0% 38.6% -17.9 %Rev - 10.6% 4.3% 1.3% 0.4% 1.9% %Rev - 6.9% 2.8% 1.2% 0.5% 0.1% %Rev - 56.3% 20.9% 1.9% 0.1% 21.7% *Note:
C&B: Compensation & Benefit A&P: Advertising & Promotion T&S: Transport & Storage
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KEY FOCUS 2017: (2) OPERATING CASH FLOW
AR Days AP Days Inventory Days 1Q16 18.8 30.3 22.4 YoY% -11.5% -14.6% -0.6%
Operational Highlights
Non Financial Services
Summary
Focus on generating positive and growing OCF
Decreasing operating CF and increasing financing CF of FS are due to growing new booking of MPMFinance
Lower Financing CF of NFS indicate less reliance on new borrowing
Shortened AR days show improvement in cash collection
1,285
-165 -82 -226
812 1,484
303
-146 -130
1,511 1Q16 Beginning Balance Operating Activities Investing Activities Financing Activities Ending Balance 1Q17
1Q17 Cash Flow (in Rp billion)
Beginning Balance
CF from Operating
CF from Investing
CF from Financing Ending Balance 1Q17 1,285 -165 -82 -226 812 YoY% -13.4% -154.4% 43.9% -73.4% -46.2% 1Q17 990 47 -71 -426 540 YoY% -14.6% -71.3% 48.8% -109.5% -45.0% 1Q17 295 -212 -11 200 272 YoY% -9.0% -252.6% -53.3% 173.9% -48.6% Consolidated Non Financial Services Financial Services
1) Non Financial Services : Mulia, MPMMotor, FKT, PMP, MPMAuto, MPMMobil, MPMRent, Grahamitra, DSS & SAK 2) Financial Services : MPMFinance & MPMInsurance
1Q17
16.6 25.9 22.3
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KEY FOCUS 2017: (3) COLLABORATIVE ECONOMY & NEW GROWTH
Summary
Kick off Accelerate Collaborative Economy initiative within MPM Group
Focus on Financing and Insurance penetration to MPM’s distribution and retail business Launch MPM Planet initiative through RallyPoint App
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MPM
Finance
TRANSACTION
MPMX & JACCS Plans in MPM
Finance
Established as 60:40 JV between MPMX and JACCS after the merger between SAF
and MPMFinance.
Jun ‘14
MPMX announced plan to sell partial stakes in MPMFinance to JACCS. MPMX will to hold 40% and JACCS to hold 60% in MPMFinance post transaction.
Feb ‘17
MPMX & JACCS announced formal signing of definitive agreement. MPMFinance will be
deconsolidated from MPMX. JACCS will take the lead of the direction and MPMX to support
through its network, while allowing access to diversified
and competitive funding sources.
Mar ‘17
Transaction finalization expected to be in 2Q17
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1Q17 KEY EVENTS
Mulia received Best Performance PIC Community 2016 from AHM
Jan’17
MPM received The Most Innovative Business Award 2017 for category Wholesale from Warta Ekonomi
Feb’17
FKT received Top Brand Award 2017 category 2W Engine Lubricant for its brand Federal Oil
Feb’17
Federal Oil received Silver Champion of Indonesia WOW Brand 2017 for category 2W engine lubricant
Mar’17
MPM rebranding with its new vision & mission
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TABLE OF CONTENT
01
MPM: Company Highlights
02
Consolidated Financial Results: FY 16 and 1Q 17 Updates
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902 912 897
FY15 FY16 1Q17
-2%
Revenue (in Billions of Rupiah, YoY%) Sales Volume (Unit in thousands, YoY%)
+1%
261 338 339
FY15 FY16 1Q17
+30%
Mulia
129 132 131
FY15 FY16 1Q17
+2%
MSO
FY15 FY16 1Q17
14,459 14,365
+7%
13,544
-0%
-1%
+0% 9,823
NPAT (in Billions of Rupiah, YoY%) 1Q17 Highlights
Overall sales volume in 1Q17 was slightly lower than 1Q16 but well above industry average due to the following:
o Unfavorable weather condition affected the local
economy, thus lower purchasing power.
o Higher inventory at dealers.
o The national motorcycle sales slipped 8% YoY to 1.4M.
Key Initiatives
o Launch of new scooter & sport motorcycles. o Ramp up sales promotion activities to consumer,
dealers, and financing companies.
o Improve cost efficiency by relocating outsourced labor. o Finalize third warehouse construction to lower rental
costs.
o Continuously improve current business processes.
2W DISTRIBUTION & RETAIL :
CONTINUE LEADERSHIP IN E. JAVA AND NTT
1Q16 1Q17
1Q16 1Q17
72 73
1Q16 1Q17
1Q16 1Q17
212 197
29 28
3,184 3,278
-7%
-2%
-3%
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-85
-102 -112
4W DEALERSHIP :
IMPROVE SALES PRODUCTIVITY & SERVICE LEVEL
Sales Volume (Units, YoY%) 1Q17 Highlights
Overall sale volume was decreased in 1Q17 due to the following:
o 528 units of Nissan-Datsun cars were sold, representing a
66% decrease from the same period due to the limited product availability.
Key Initiatives
o Focus on operational efficiency and sales productivity as
well as after-sales service quality to the customers for the rest of the year.
FY15 FY16 1Q17
-22% +29%
-13% 260
-10% 9,823
NPAT (in Billions of Rupiah, YoY%) Revenue (in Billions of Rupiah, YoY%)
FY15 FY16 1Q17
FY15 FY16 1Q17
773 619
+20%
643
-20%
1Q16 1Q17
1Q16 1Q17
256
-25 -35
1Q16 1Q17
1,551 528
102
-66%
-60%
-38%
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CONSUMER PARTS:
STRENGTHEN CHANNEL & NEW PRODUCT DEVELOPMENT
FKT maintained stable performance despite the slowdown in the economy. Here are the drivers:
o Low consumer traffic to retail outlets due to weather
impacted the level of demand.
o Steady profit illustrates a solid foundation of the business.
Key Initiatives
o Federal Oil (2W)
o Strengthen channel development o Increase product quality
o Federal Mobil (4W)
o Focusing on market growth outside of Jakarta and
Surabaya
o Improve B2B channels
Sales Volume (Units in thousand litres, YoY%)
FY15 FY16 1Q17
+7%
260 9,823
NPAT (in Billions of Rupiah, YoY%) Revenue (in Billions of Rupiah, YoY%)
-0%
FY15 FY16 1Q17
1,675 1,651 1,582
-1%
59,200 63,341 63,320
-0% 1Q17 Highlights
1Q16 1Q17
-7%
14,590
1Q16 1Q17
-6%
69 69
1Q16 1Q17
-0% -10%
48 253
+6%
15,611
409 385
272 272
1Q17 FY16
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1 8 -33
1Q17 Highlights
AUTO SERVICES:
MAINTAIN OPERATIONAL EXCELLENCE & CASH FLOW
An excellent first quarter for MPMRent. Here is the summary:
o Strong net profit delivered, representing a significant
growth from last year.
o Fleet size grows steadily.
o Strong growth was driven by higher gross profit, OpEx cost
saving, and lower financing cost. Key Initiatives
o Continue improving operational efficiency and productivity o Improve the portfolio of corporate clients, including new
offerings to customers
Fleet Size (Units, YoY%)
FY15 FY16 1Q17
+1%
260 9,823
NPAT (in Billions of Rupiah, YoY%) Revenue (in Billions of Rupiah, YoY%)
+2%
FY15 FY16 1Q17
1,091 1,092 1,123 -3% +0% 13,935 14,137 14,425
+700%
1Q16 1Q17
+2%
1Q16 1Q17
+0%
266 267
5 12
1Q16 1Q17
+169% +103%
13,847 14,135
1Q17 FY16
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25
1,185
1,189 1,164
+2%
+3%
MPM
FINANCE
:
SELECTIVE GROWTH WHILE MAINTAINING FOCUS ON ASSET QUALITY
An excellent first quarter performance for MPMFinance, and here is why.
o Asset quality greatly improved, posting NPL level of 2.3% in
1Q17 from 3.3% last year.
o New bookings and net profit increased significantly.
New Booking (in Billions of Rupiah, YoY%)
FY15 FY16 1Q17
+37%
9,823
NPAT (in Billions of Rupiah, YoY%) Revenue (in Billions of Rupiah, YoY%)
+11%
2,934 4,015 4,461
0 20 40
Dec'15 Mar'16 Jun'16 Sep'16 Dec'16 Mar'17 3.1% 3.3% 3.2% 3.2% 2.7% 2.3%
Key Initiatives
o Continuously monitor and manage asset quality by
implementing early warning system across network.
o Diversify sources of funding and optimize cost of funding.
1Q17 Highlights
1Q16 1Q17
+56%
1,237
1Q16 1Q17
289
82
122
27
+198%
+49%
-6 34
1Q16 1Q17
+675% 791
+9%
285
1Q17 FY16
FY15
1Q17 FY16
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FY15 FY16 1Q17
385 392 259
41 42
1Q17 Highlights
MPM
INSURANCE
:
INCREASE PENETRATION GROUP & NON-GROUP BUSINESSES
o Gross premium continues to grow steadily. o Revenue and profit both increased in 1Q17.
Key Initiatives
o Increase market penetration in MPM Group businesses as
well as non-group businesses.
Gross Premium (in Billions of Rupiah, YoY%)
+49%
31 9,823
NPAT (in Billions of Rupiah, YoY%)
+2%
+32% +2%
72 79
1Q16 1Q17
11 12
1Q16 1Q17
+4%
31 41 42
FY15 FY16 1Q17
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DISCLAIMER
• These materials have been prepared by PT Mitra Pinasthika Mustika Tbk (the
Company , MPM ) and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented or contained in these materials. The Company or any of its affiliates, advisers or representatives accepts no liability whatsoever for any loss howsoever arising from any information presented or contained in these materials. The information presented or contained in these materials is subject to change without notice and its accuracy is not guaranteed.
• These materials may contain statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition of the Company. These statements can be recognized by the use of words such as expects, plan, will, estimates,
projects, intends, or words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. The Company has no obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances.
• These materials are for information purposes only and do not constitute or form part of an offer, solicitation or invitation of any offer to buy or subscribe for any securities of the Company, in any jurisdiction, nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract, commitment or investment decision whatsoever. Any decision to purchase or subscribe for any securities of the Company should be made after seeking appropriate professional advice.
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(1)
CONSUMER PARTS:
STRENGTHEN CHANNEL & NEW PRODUCT DEVELOPMENT
FKT maintained stable performance despite the slowdown in the economy. Here are the drivers:
o Low consumer traffic to retail outlets due to weather
impacted the level of demand.
o Steady profit illustrates a solid foundation of the business.
Key Initiatives
o Federal Oil (2W)
o Strengthen channel development o Increase product quality
o Federal Mobil (4W)
o Focusing on market growth outside of Jakarta and Surabaya
o Improve B2B channels
Sales Volume (Units in thousand litres, YoY%)
FY15 FY16 1Q17
+7%
260 9,823
NPAT (in Billions of Rupiah, YoY%) Revenue (in Billions of Rupiah, YoY%)
-0%
FY15 FY16 1Q17
1,675 1,651 1,582
-1% 59,200 63,341 63,320
-0% 1Q17 Highlights
1Q16 1Q17
-7% 14,590
1Q16 1Q17
-6%
69 69
1Q16 1Q17
-0%
-10%
48 253
+6%
15,611
409 385
272 272
1Q17 FY16
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1 8
-33 1Q17 Highlights
AUTO SERVICES:
MAINTAIN OPERATIONAL EXCELLENCE & CASH FLOW
An excellent first quarter for MPMRent. Here is the summary:
o Strong net profit delivered, representing a significant
growth from last year.
o Fleet size grows steadily.
o Strong growth was driven by higher gross profit, OpEx cost
saving, and lower financing cost. Key Initiatives
o Continue improving operational efficiency and productivity o Improve the portfolio of corporate clients, including new
offerings to customers
Fleet Size (Units, YoY%)
FY15 FY16 1Q17
+1%
260 9,823
NPAT (in Billions of Rupiah, YoY%) Revenue (in Billions of Rupiah, YoY%)
+2%
FY15 FY16 1Q17
1,091 1,092
1,123 -3% +0%
13,935 14,137 14,425
+700%
1Q16 1Q17
+2%
1Q16 1Q17
+0%
266 267
5 12
1Q16 1Q17
+169%
+103%
13,847 14,135
1Q17 FY16
(3)
1,185
1,189 1,164
+2%
+3%
MPM
FINANCE
:
SELECTIVE GROWTH WHILE MAINTAINING FOCUS ON ASSET QUALITY
An excellent first quarter performance for MPMFinance, and here is why.
o Asset quality greatly improved, posting NPL level of 2.3% in
1Q17 from 3.3% last year.
o New bookings and net profit increased significantly.
New Booking (in Billions of Rupiah, YoY%)
FY15 FY16 1Q17
+37%
9,823
NPAT (in Billions of Rupiah, YoY%) Revenue (in Billions of Rupiah, YoY%)
+11%
2,934 4,015 4,461
0 20 40
Dec'15 Mar'16 Jun'16 Sep'16 Dec'16 Mar'17
3.1% 3.3% 3.2% 3.2% 2.7% 2.3%
Key Initiatives
o Continuously monitor and manage asset quality by
implementing early warning system across network.
o Diversify sources of funding and optimize cost of funding.
1Q17 Highlights 1Q16 1Q17 +56% 1,237 1Q16 1Q17 289 82 122 27 +198% +49%
-6 34
1Q16 1Q17
+675% 791 +9% 285 1Q17 FY16 FY15 1Q17 FY16 FY15
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FY15 FY16 1Q17
385 392
259
41 42
1Q17 Highlights
MPM
INSURANCE
:
INCREASE PENETRATION GROUP & NON-GROUP BUSINESSES
o Gross premium continues to grow steadily. o Revenue and profit both increased in 1Q17.
Key Initiatives
o Increase market penetration in MPM Group businesses as
well as non-group businesses.
Gross Premium (in Billions of Rupiah, YoY%)
+49%
31
9,823
NPAT (in Billions of Rupiah, YoY%) +2%
+32% +2%
72 79
1Q16 1Q17
11 12
1Q16 1Q17
+4%
31
41
42
FY15 FY16 1Q17
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DISCLAIMER
• These materials have been prepared by PT Mitra Pinasthika Mustika Tbk (the
Company , MPM ) and have not been independently verified. No representation or
warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented or contained in these materials. The Company or any of its affiliates, advisers or representatives accepts no liability whatsoever for any loss howsoever arising from any information presented or contained in these materials. The information presented or contained in these materials is subject to change without notice and its accuracy is not guaranteed.
• These materials may contain statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition of the Company. These statements can be recognized by the use of words such as expects, plan, will, estimates,
projects, intends, or words of similar meaning. Such forward-looking statements
are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. The Company has no obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances.
• These materials are for information purposes only and do not constitute or form part of an offer, solicitation or invitation of any offer to buy or subscribe for any securities of the Company, in any jurisdiction, nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract, commitment or investment
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