PT Set Sempurna Tbk
Institusional Investor Day
2014 Performance
Indonesia Stock Exchange
Jakarta, 22 April 2015
PT Selamat Sempurna Tbk (SMSM) is the flagship of ADR Group
(Automotive Division)
The Largest Filter Manufacturer in the region
The Most Comprehensive range of products
Serve more filtration and radiator products than any other auto
component company
Exported to more than 115 countries worldwide
Trademark Registration in more than 100 countries worldwide
Over 90% of our revenue is recurring aftermarket revenue
Strong Balance Sheet and Cash Flow
2
With more than 8,000 part numbers available for
automotive and heavy duty applications, we
serve wide range of products than any other auto
component company.
With additional + 500 part numbers every year.
3
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SMSM owns a 70% stake in PJM
Joint venture with Donaldson Company Inc., USA
Financial Highlights
2014 (A)
2013(A)
2012 (A)
2011 (A)
2010 (A)
Net Sales
557
488
450
509
441
Gross Profit
133
118
106
116
91
Income From Operations
112
98
83
84
66
Net Income
84
73
62
61
48
Current Asset
215
239
181
200
163
Total Asset
294
312
260
281
242
Current Liabilities
76
81
43
53
72
Total Liabilities
62
69
54
65
81
Total Equity
218
231
206
216
161
21
(2
?
SMSM owns a 51% stake in HP
Manufacture dump hoist and body maker of dump truck, trailer, mixer, and tank
Effective on October 10, 2014, the shareholders of HP agreed to proportionately decrease the
share capital in HP by Rp.45.917.640.000 to became Rp.107.141.160.000,- , in which, the
proportion of decrease of the SMSM’s shares ownership in HP is amounted to
Rp.23.417.640.000,Financial Highlights
2014 (A)
2013 (A)
2012 (A)
2011 (A)
2010 (A)
Net Sales
185
243
340
310
229
Gross Profit
26
39
63
43
27
Income From Operations
14
24
47
32
18
Net Income
12
20
34
22
11
Current Asset
89
135
147
102
84
Total Asset
179
230
250
196
160
Current Liabilities
16
20
14
80
51
Total Liabilities
21
24
19
84
55
Total Equity
158
206
231
112
105
11
(
(
< ( =
>
SMSM owns a 99.9% stake in PTC
Sole distributor that specializes on the trading of the Company products in Indonesia aftermarket
sectors.
Financial Highlights PT Prapat Tunggal Cipta and its subsidiaries
Financial Highlights
2014(A)
2013(A)
2012 (A)
2011 (A)
2010 (A)
Net Sales
329
338
290
259
223
Gross Profit
67
55
39
34
31
Income From Operations
37
30
19
14
13
Net Income
26
20
13
10
10
Current Asset
169
149
120
113
100
Total Asset
176
155
126
119
105
Current Liabilities
94
85
72
56
54
Total Liabilities
98
89
75
58
54
Total Equity
78
66
50
61
51
19
(
,
<
,=
% ( >
PTC owns a 99,99% stake in CMG (acquire on June 2014)
Specializes on the distribution of the Company products in North Sumatera and Nanggroe Aceh
Darussalam
Financial Highlights
2014 (A)
2013(A)
2012 (A)
2011 (A)
Net Sales
35,7
34,9
31,8
27,5
Gross Profit
6,9
6,4
5,2
4,3
Income From Operations
2,6
2,6
1,9
1,3
Net Income
1,9
1,9
1,3
1,2
Current Asset
23,6
21,4
18,6
16,8
Total Asset
24,1
21,9
19,2
17,4
Current Liabilities
11,5
11,4
10,6
9,3
Total Liabilities
11,6
11,5
10,6
9,2
Total Equity
12,4
10,5
8,5
8,1
14
(
?
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=
>
SMSM owns a 99.9% stake in SSP
manufacturers rubber O-rings, rubber compounds, polyurethanes, and plastisol adhesives for
automotive industries
Financial Highlights
2014 (A)
2013(A)
2012 (A)
2011 (A)
2010 (A)
Net Sales
183
138
115
108
106
Gross Profit
27
18
13
11
9
Income From Operations
22
11
7
5
5
Net Income
16
8
5
3
3
Current Asset
44
39
43
35
26
Total Asset
67
60
66
58
46
Current Liabilities
13
9
16
15
8
Total Liabilities
16
13
21
18
8
Total Equity
52
47
45
40
37
1
&
& .;
=)
>
Established in 2005
Formerly PT International Steel Indonesia
SMSM owns a 15% stake in POSCO IJPC
Joint venture with POSCO and DAEWOO International Corporation
Scope of activities mainly steel processing
Financial
Highlights
’14(A)
‘13 (A)
’12 (A)
’11 (A)
’10(A)
Net Sales
69,3
73,6
67,9
58,3
35,1
Gross Profit
3,3
2,7
2,5
3,3
2,5
Net Income
(1,1)
(4,7)
(1,1)
0,1
0,8
Asset
82
85,3
65,6
45,6
45,6
Liabilities
67
69,0
44,8
39,2
39,2
Equity
15
16,2
20,8
6,4
6,4
(
26
(( ?
=)
>
Established in 2012 , Commercial Operation on June , 2013
SMSM owns a 33% stake in TRSS
Joint venture with Tokyo Radiator Mfg. Co. Ltd
Scope of activities mainly manufacture heat exchanger for OE Market in Indonesia
Obtain ISO/TS 16949:2009 on 05 Des 2014
Financial Highlights
’14(U)
‘13 (U)
Net Sales
67
15
Gross Profit
10
1
Net Income/(Loss)
(3)
(13)
Asset
75
69
Liabilities
60
52
Equity
14
17
27
&
? 1/
2015
(F)
Net Sales
2014
(A)
2013
(A)
2012
(A)
2011
(A)
2010
(A)
2009
(A)
2008
(A)
3.068
2.633
2.382
2.269
2.072
1.562
1.375
1.354
Net Income *)
447
390
308
219
212
150
133
91
NPM
15%
15%
13%
10%
10%
10%
10%
7%
ROA
23%
24%
20%
16%
18%
15%
15%
11%
ROE
37%
39%
36%
30%
32%
29%
27%
17%
Debt/Equity
42%
53%
68%
71%
70%
88%
73%
58%
EPS
311
271
214
152
147
104
92
64
Amount in Billion Rupiah except EPS
F = Forecast ; A = Audited
*) attributable to Equity holders of Parent Company
28
$
@(
9
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,
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# ,
2014 Performance
Indonesia Stock Exchange
Jakarta, 22 April 2015
PT Selamat Sempurna Tbk (SMSM) is the flagship of ADR Group
(Automotive Division)
The Largest Filter Manufacturer in the region
The Most Comprehensive range of products
Serve more filtration and radiator products than any other auto
component company
Exported to more than 115 countries worldwide
Trademark Registration in more than 100 countries worldwide
Over 90% of our revenue is recurring aftermarket revenue
Strong Balance Sheet and Cash Flow
2
With more than 8,000 part numbers available for
automotive and heavy duty applications, we
serve wide range of products than any other auto
component company.
With additional + 500 part numbers every year.
3
6
6
6
6
6*%
6
6
"3 $
! "9
! *%
! "#
!$
!
%
!&
"'
( ")
(
( $
'
'
*
' $
'
' *
+
+
",
)
)
) &
)
)
) *
) *"6
= %
=
,
:
, *
,
, ,* *
.
. *
.
. /
0 $
0
$
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0
0
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0
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2 %
2
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2
2$
5
1
1 :
1
1
*
1 % "2 -"'
1
1 %%
1
1
1
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4
1 % "3 5 6
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3
3
#
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#
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#
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#
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#%
# ". :
#
#
#*
##9 -
9 :
9
9
9
";"9
9
9 : *
9 :
< !
<
SMSM owns a 70% stake in PJM
Joint venture with Donaldson Company Inc., USA
Financial Highlights
2014 (A)
2013(A)
2012 (A)
2011 (A)
2010 (A)
Net Sales
557
488
450
509
441
Gross Profit
133
118
106
116
91
Income From Operations
112
98
83
84
66
Net Income
84
73
62
61
48
Current Asset
215
239
181
200
163
Total Asset
294
312
260
281
242
Current Liabilities
76
81
43
53
72
Total Liabilities
62
69
54
65
81
Total Equity
218
231
206
216
161
21
(2
?
SMSM owns a 51% stake in HP
Manufacture dump hoist and body maker of dump truck, trailer, mixer, and tank
Effective on October 10, 2014, the shareholders of HP agreed to proportionately decrease the
share capital in HP by Rp.45.917.640.000 to became Rp.107.141.160.000,- , in which, the
proportion of decrease of the SMSM’s shares ownership in HP is amounted to
Rp.23.417.640.000,Financial Highlights
2014 (A)
2013 (A)
2012 (A)
2011 (A)
2010 (A)
Net Sales
185
243
340
310
229
Gross Profit
26
39
63
43
27
Income From Operations
14
24
47
32
18
Net Income
12
20
34
22
11
Current Asset
89
135
147
102
84
Total Asset
179
230
250
196
160
Current Liabilities
16
20
14
80
51
Total Liabilities
21
24
19
84
55
Total Equity
158
206
231
112
105
11
(
(
< ( =
>
SMSM owns a 99.9% stake in PTC
Sole distributor that specializes on the trading of the Company products in Indonesia aftermarket
sectors.
Financial Highlights PT Prapat Tunggal Cipta and its subsidiaries
Financial Highlights
2014(A)
2013(A)
2012 (A)
2011 (A)
2010 (A)
Net Sales
329
338
290
259
223
Gross Profit
67
55
39
34
31
Income From Operations
37
30
19
14
13
Net Income
26
20
13
10
10
Current Asset
169
149
120
113
100
Total Asset
176
155
126
119
105
Current Liabilities
94
85
72
56
54
Total Liabilities
98
89
75
58
54
Total Equity
78
66
50
61
51
19
(
,
<
,=
% ( >
PTC owns a 99,99% stake in CMG (acquire on June 2014)
Specializes on the distribution of the Company products in North Sumatera and Nanggroe Aceh
Darussalam
Financial Highlights
2014 (A)
2013(A)
2012 (A)
2011 (A)
Net Sales
35,7
34,9
31,8
27,5
Gross Profit
6,9
6,4
5,2
4,3
Income From Operations
2,6
2,6
1,9
1,3
Net Income
1,9
1,9
1,3
1,2
Current Asset
23,6
21,4
18,6
16,8
Total Asset
24,1
21,9
19,2
17,4
Current Liabilities
11,5
11,4
10,6
9,3
Total Liabilities
11,6
11,5
10,6
9,2
Total Equity
12,4
10,5
8,5
8,1
14
(
?
<
=
>
SMSM owns a 99.9% stake in SSP
manufacturers rubber O-rings, rubber compounds, polyurethanes, and plastisol adhesives for
automotive industries
Financial Highlights
2014 (A)
2013(A)
2012 (A)
2011 (A)
2010 (A)
Net Sales
183
138
115
108
106
Gross Profit
27
18
13
11
9
Income From Operations
22
11
7
5
5
Net Income
16
8
5
3
3
Current Asset
44
39
43
35
26
Total Asset
67
60
66
58
46
Current Liabilities
13
9
16
15
8
Total Liabilities
16
13
21
18
8
Total Equity
52
47
45
40
37
1
&
& .;
=)
>
Established in 2005
Formerly PT International Steel Indonesia
SMSM owns a 15% stake in POSCO IJPC
Joint venture with POSCO and DAEWOO International Corporation
Scope of activities mainly steel processing
Financial
Highlights
’14(A)
‘13 (A)
’12 (A)
’11 (A)
’10(A)
Net Sales
69,3
73,6
67,9
58,3
35,1
Gross Profit
3,3
2,7
2,5
3,3
2,5
Net Income
(1,1)
(4,7)
(1,1)
0,1
0,8
Asset
82
85,3
65,6
45,6
45,6
Liabilities
67
69,0
44,8
39,2
39,2
Equity
15
16,2
20,8
6,4
6,4
(
26
(( ?
=)
>
Established in 2012 , Commercial Operation on June , 2013
SMSM owns a 33% stake in TRSS
Joint venture with Tokyo Radiator Mfg. Co. Ltd
Scope of activities mainly manufacture heat exchanger for OE Market in Indonesia
Obtain ISO/TS 16949:2009 on 05 Des 2014
Financial Highlights
’14(U)
‘13 (U)
Net Sales
67
15
Gross Profit
10
1
Net Income/(Loss)
(3)
(13)
Asset
75
69
Liabilities
60
52
Equity
14
17
27
&
? 1/
2015
(F)
Net Sales
2014
(A)
2013
(A)
2012
(A)
2011
(A)
2010
(A)
2009
(A)
2008
(A)
3.068
2.633
2.382
2.269
2.072
1.562
1.375
1.354
Net Income *)
447
390
308
219
212
150
133
91
NPM
15%
15%
13%
10%
10%
10%
10%
7%
ROA
23%
24%
20%
16%
18%
15%
15%
11%
ROE
37%
39%
36%
30%
32%
29%
27%
17%
Debt/Equity
42%
53%
68%
71%
70%
88%
73%
58%
EPS
311
271
214
152
147
104
92
64
Amount in Billion Rupiah except EPS
F = Forecast ; A = Audited
*) attributable to Equity holders of Parent Company
28
$
@(
9
".
,
"(
# ,