39324b98aa2c99da02d3dbba1e0709ba
Performance Summary
•
The Company managed to record sales of Rp 1,37 tn or grew by
9.2% compared to same period in the preceding year.
•
Domestic and export sales grew by 9.2% y-o-y respectively.
Export sales has showing a good recovery compared to previous
year. It is expected that this improvement in export sales can be
attained throughout 2017.
•
Hair care category still being the darling driven by GATSBY Styling
Pomade which is recently available in mini size and sachet type.
•
Cost of goods sold increased by 10.7% y-o-y. Nonetheless, gross
profit still growing by 6.7%.
•
Operating expenses increased by 3.4 % y-o-y. The company
successfully maintain its selling expenses at Rp 300 bn or only
increased by 2.2% y-o-y, while G&A Expenses increased by 7.1%
y-o-y
•
Several efficiencies on operating expenses had positive impact on
operating income and net income, growing by 20.8% and 26.8%
respectively.
Business Result
Statements of Income
Rp Billion
Net Sales
COGs
Gross Profit
Operating Expenses
Operating Income
Net Income
Comprehensive Income
Basic Earnings per Share (in Rp)
1H2017
1,367,009
846,845
520,163
407,480
112,683
98,426
85,933
490
1H2016
1,252,404
765,122
487,282
394,006
93,276
77,610
56,254
386
Balance
114,604
81,723
32,881
13,474
19,407
20,816
29,679
104
%Growth
9.2%
10.7%
6.7%
3.4%
20.8%
26.8%
52.8%
26.9%
June 30, 2017
1,211,038
1,032,468
2,243,506
241,773
215,079
1,786,654
2,243,506
969,265
201,066,667
Dec 31, 2016
1,174,482
1,010,619
2,185,101
223,305
178,637
1,783,158
2,185,101
951,177
201,066,667
Balance
36,556
21,849
58,405
18,468
36,442
3,495
58,405
18,088
201,066,667
%Growth
3.1%
2.2%
2.7%
8.3%
20.4%
0.2%
2.7%
1.9%
1H2017
50,759
1H2016
61,212
Balance
-10,453
%Growth
-17.1%
Statements of Financial Position
Rp Billion
Current Assets
Non-Current Assets
Total Assets
Current Liabilities
Non-Current Liability
Equity
Total Liabilities & Equity
Net Working Capital
Issued Shares (in number of shares)
Statements of Cash Flows
Rp Billion
Capital Expenditure
Net Sales
Net Sales by Geographical Segment
1H2017
1H2016
Balance
%Growth
1,036,996
950,095
73,810
7.7%
330,013
302,309
27,704
9.2%
Rp Billion
1H2017
1H2016
Balance
%Growth
Men's
757,234
643,324
113,910
17.7%
Women's
592,027
591,054
974
0.2%
17,748
18,026
-278
-1.5%
Rp Billion
1H2017
1H2017
Balance
%Growth
Skin Care & Make Up
448,752
431,389
17,363
4%
Hair Care
621,066
510,861
110,206
21.6%
Fragrance
282,498
294,164
-11,666
-4.0%
14,693
15,990
-1,297
-8.1%
Rp Billion
Domestic
Export
Net Sales by Category
Others
Net Sales By Segment
Others
Sales by Region and Segments
294,164
431,389
24.1%
75.9%
Domestic
Export
5.3%
282,498
448,752
27.6%
23.1%
510,860
621,066
1H2016
1H2017
Hair Care
Skin Care & Makeup
Fragrance
Management Plan
MID-5
Challenge, Change, Innovation
(Continuously Performing)
The year 2017 is the first year of the Stage 5 of the 3-Year Middle Range Management
Planning (MID-5) which will end in 2019. The theme which will be used in MID-5 is Challenge,
Change, Innovation (Continuously Performing). For that purpose, the Company will make
effort to achieve this target by strengthening sales, domestic and international, through
development of new products, expansion of distribution area, productivity improvement, and
identification of new business categories which can support the Co pa y’s expansion.
Hairstyling
Hair Care
Hair Care category grew by 26.1% driven by
Hairstyling and Hair Color
Until 1H2017 Hairstyling and Hair Color still become the booster of this
category. Thanks to GATSBY Styling Pomade which growing double digit
both for domestic and export during this period. In addition, Hair Color also
showing a positive growth driven by the legendary brand, namely Tancho.
As an effort to maintain this achievement, in 2nd semester of 2017 the
Company will come up with new hairstyling products and strengthen its
marketing strategy both below the line and above the line.
Activities in 1H2017
GATSBY
@ JakCloth Lebaran
GATSBY @ Ennichisai in Bandung,
Surabaya, Yogyakarta and Medan
Train Branding
Skin Care & Makeup
PIXY Lip Cream accepted well by the market
Competition is getting tighter in this category. Thus, during 1H2017 Skin
Care & Makeup category only grew by 4% y-o-y. Decorative makeup,
especially PIXY Lip Cream has been doing well. While for base makeup
recorded a sluggish growth. Going forward PIXY will strengthen A&P
activities and launch new products in 2nd Semester of 2017.
Activities in 1H2017
TVC PIXY lip Cream
PIXY & Hijup Ramadhan
Festival
X Jakarta Beauty with
Female Daily
Fragrance
Fragrance decreased by 4 % y-o-y
Low consumer purchasing power, lot of competitors and low consumer
loyalty has become several challenges in this category. Thus, until
1H2017 this category decreased by 4% y-o-y. However, if we breakdown
the sales by gender, e ’s fragrance still managed to record growth
driven by GATSBY Urban Cologne. While female fragrance decrease due
to stiffer competition. Going forward, the Company will strengthen this
category by launching new products and more active in A&P activities
especially to boost female fragrance.
Activities in 1H2017
Now Pucelle has its own
Website! www.pucelle.id
SocMed Campaign
#SobiSabiShow
SocMed Campaign
#PucelleNgabuburit
Financial Ratios
Return On Equity
Return On Assets
30.3%
7.8%
1H2014
1H2015
EBITDA Margin
46.4%
24.4%
4.6%
5.5%
5.8%
1H2016
1H2017
1H2014
Earning Per Share
1H2015
3.7%
4.4%
13.9%
1H2016
1H2017
1H2014
IDR 8,305
IDR 8,397
Rp8,884
1H2014
1H2015
490
1H2016
1H2017
1H2014
1H2015
1H2016
1H2017
2.8%
2.3%
IDR 5,984
386
13.7%
BVPS
BVPS
2,516
470
1H2015
12.8%
1H2016
1H2017
1H2014
2.0%
1H2015
1H2016
2.3%
1H2017
*stock price : Jun 30
CORPORATE SECRETARY/
PR-INVESTOR RELATIONS
Alia Dewi/Reza Azianur
P: 62-21-2980 9500
F: 62-21-2980 9501
E: corporatesecretary@mandom.co.id
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 changhave been taken in reliance on this report will bring specific result as expectede without prior notice.
Mandom Indonesia does not guarantee that any actions, which should
•
The Company managed to record sales of Rp 1,37 tn or grew by
9.2% compared to same period in the preceding year.
•
Domestic and export sales grew by 9.2% y-o-y respectively.
Export sales has showing a good recovery compared to previous
year. It is expected that this improvement in export sales can be
attained throughout 2017.
•
Hair care category still being the darling driven by GATSBY Styling
Pomade which is recently available in mini size and sachet type.
•
Cost of goods sold increased by 10.7% y-o-y. Nonetheless, gross
profit still growing by 6.7%.
•
Operating expenses increased by 3.4 % y-o-y. The company
successfully maintain its selling expenses at Rp 300 bn or only
increased by 2.2% y-o-y, while G&A Expenses increased by 7.1%
y-o-y
•
Several efficiencies on operating expenses had positive impact on
operating income and net income, growing by 20.8% and 26.8%
respectively.
Business Result
Statements of Income
Rp Billion
Net Sales
COGs
Gross Profit
Operating Expenses
Operating Income
Net Income
Comprehensive Income
Basic Earnings per Share (in Rp)
1H2017
1,367,009
846,845
520,163
407,480
112,683
98,426
85,933
490
1H2016
1,252,404
765,122
487,282
394,006
93,276
77,610
56,254
386
Balance
114,604
81,723
32,881
13,474
19,407
20,816
29,679
104
%Growth
9.2%
10.7%
6.7%
3.4%
20.8%
26.8%
52.8%
26.9%
June 30, 2017
1,211,038
1,032,468
2,243,506
241,773
215,079
1,786,654
2,243,506
969,265
201,066,667
Dec 31, 2016
1,174,482
1,010,619
2,185,101
223,305
178,637
1,783,158
2,185,101
951,177
201,066,667
Balance
36,556
21,849
58,405
18,468
36,442
3,495
58,405
18,088
201,066,667
%Growth
3.1%
2.2%
2.7%
8.3%
20.4%
0.2%
2.7%
1.9%
1H2017
50,759
1H2016
61,212
Balance
-10,453
%Growth
-17.1%
Statements of Financial Position
Rp Billion
Current Assets
Non-Current Assets
Total Assets
Current Liabilities
Non-Current Liability
Equity
Total Liabilities & Equity
Net Working Capital
Issued Shares (in number of shares)
Statements of Cash Flows
Rp Billion
Capital Expenditure
Net Sales
Net Sales by Geographical Segment
1H2017
1H2016
Balance
%Growth
1,036,996
950,095
73,810
7.7%
330,013
302,309
27,704
9.2%
Rp Billion
1H2017
1H2016
Balance
%Growth
Men's
757,234
643,324
113,910
17.7%
Women's
592,027
591,054
974
0.2%
17,748
18,026
-278
-1.5%
Rp Billion
1H2017
1H2017
Balance
%Growth
Skin Care & Make Up
448,752
431,389
17,363
4%
Hair Care
621,066
510,861
110,206
21.6%
Fragrance
282,498
294,164
-11,666
-4.0%
14,693
15,990
-1,297
-8.1%
Rp Billion
Domestic
Export
Net Sales by Category
Others
Net Sales By Segment
Others
Sales by Region and Segments
294,164
431,389
24.1%
75.9%
Domestic
Export
5.3%
282,498
448,752
27.6%
23.1%
510,860
621,066
1H2016
1H2017
Hair Care
Skin Care & Makeup
Fragrance
Management Plan
MID-5
Challenge, Change, Innovation
(Continuously Performing)
The year 2017 is the first year of the Stage 5 of the 3-Year Middle Range Management
Planning (MID-5) which will end in 2019. The theme which will be used in MID-5 is Challenge,
Change, Innovation (Continuously Performing). For that purpose, the Company will make
effort to achieve this target by strengthening sales, domestic and international, through
development of new products, expansion of distribution area, productivity improvement, and
identification of new business categories which can support the Co pa y’s expansion.
Hairstyling
Hair Care
Hair Care category grew by 26.1% driven by
Hairstyling and Hair Color
Until 1H2017 Hairstyling and Hair Color still become the booster of this
category. Thanks to GATSBY Styling Pomade which growing double digit
both for domestic and export during this period. In addition, Hair Color also
showing a positive growth driven by the legendary brand, namely Tancho.
As an effort to maintain this achievement, in 2nd semester of 2017 the
Company will come up with new hairstyling products and strengthen its
marketing strategy both below the line and above the line.
Activities in 1H2017
GATSBY
@ JakCloth Lebaran
GATSBY @ Ennichisai in Bandung,
Surabaya, Yogyakarta and Medan
Train Branding
Skin Care & Makeup
PIXY Lip Cream accepted well by the market
Competition is getting tighter in this category. Thus, during 1H2017 Skin
Care & Makeup category only grew by 4% y-o-y. Decorative makeup,
especially PIXY Lip Cream has been doing well. While for base makeup
recorded a sluggish growth. Going forward PIXY will strengthen A&P
activities and launch new products in 2nd Semester of 2017.
Activities in 1H2017
TVC PIXY lip Cream
PIXY & Hijup Ramadhan
Festival
X Jakarta Beauty with
Female Daily
Fragrance
Fragrance decreased by 4 % y-o-y
Low consumer purchasing power, lot of competitors and low consumer
loyalty has become several challenges in this category. Thus, until
1H2017 this category decreased by 4% y-o-y. However, if we breakdown
the sales by gender, e ’s fragrance still managed to record growth
driven by GATSBY Urban Cologne. While female fragrance decrease due
to stiffer competition. Going forward, the Company will strengthen this
category by launching new products and more active in A&P activities
especially to boost female fragrance.
Activities in 1H2017
Now Pucelle has its own
Website! www.pucelle.id
SocMed Campaign
#SobiSabiShow
SocMed Campaign
#PucelleNgabuburit
Financial Ratios
Return On Equity
Return On Assets
30.3%
7.8%
1H2014
1H2015
EBITDA Margin
46.4%
24.4%
4.6%
5.5%
5.8%
1H2016
1H2017
1H2014
Earning Per Share
1H2015
3.7%
4.4%
13.9%
1H2016
1H2017
1H2014
IDR 8,305
IDR 8,397
Rp8,884
1H2014
1H2015
490
1H2016
1H2017
1H2014
1H2015
1H2016
1H2017
2.8%
2.3%
IDR 5,984
386
13.7%
BVPS
BVPS
2,516
470
1H2015
12.8%
1H2016
1H2017
1H2014
2.0%
1H2015
1H2016
2.3%
1H2017
*stock price : Jun 30
CORPORATE SECRETARY/
PR-INVESTOR RELATIONS
Alia Dewi/Reza Azianur
P: 62-21-2980 9500
F: 62-21-2980 9501
E: corporatesecretary@mandom.co.id
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 changhave been taken in reliance on this report will bring specific result as expectede without prior notice.
Mandom Indonesia does not guarantee that any actions, which should