d0bb169c9c8a3f856b15f689d88fd637

INVESTOR

BRIEF

[For the three months period ended March 31, 2014 & 2013]

Security code: TCID

BUSINESS RESULT
Statements of Income

2014

2013

Balance

Net Sales

589.694


458.310

131.384

28,7%

COGs

362.198

302.080

60.118

19,9%

Rp Billion

%Growth


Gross Profit

227.496

156.230

71.266

45,6%

Operating Expenses

141.157

107.039

34.118

31,9%


Operating Income

86.340

49.191

37.149

75,5%

Net Income

62.751

38.798

23.953

61,7%


Comprehensive Income

63.122

39.069

24.053

61,6%

312

193

119

61,7%

%Growth


Basic Earnings per Share (in Rp)

Statements of Financial Position

2014

2013

Balance

Current Assets

819.758

870.216

50.458

-5,8%


Non-Current Assets

743.704

481.964

261.740

54,3%

1.563.462

1.352.180

211.282

15,6%

234.706


146.218

88.488

60,5%
17,9%

Rp Billion

Total Assets
Current Liabilities
Non-Current Liability

82.645

70.072

12.573

Equity


1.246.113

1.135.891

110.222

9,7%

Total Liabilities & Equity

1.465.952

1.352.180

113.772

8,4%
-19,2%


Net Working Capital
Issued Shares (in number of shares)

585.052

723.998

-138.946

201.066.667

201.066.667

201.066.667

2014

2013

Balance


%Growth

26.995

12.932

14.063

108,7%

Statements of Cash Flows
Rp Billion

Capital Expenditure

Shareholders Composition
Mandom Corp.: 60.84%
Other founder : 1.62%
Public


: 37.54%

Brief Analysis
Sales was recorded at Rp 589.7 billion, or grew by 28.7% compared to 1Q-13. The achievement is
inline with the Company's double digit annual growth target.
Both domestic and export sales recorded a double digit growth, 21.1% and 47.3% respectively
compared to 1Q-13.
Cost of goods sold increased by 19.9% compared to 1Q-13 to Rp 362.2 billion and operating
expenses also increased by 31.9% to Rp 141.2 billion.
However, net income could recorded a double digit growth of 61.7% with 10.6% ratio to sales.
Capex in 2014 is planned to reach Rp 330 billion including funding for the construction of new
office and factory which is expected to complete the end of this year.

Net Sales
Net Sales by Geographical Segment

2014

2013

Balance

%Growth

Domestic

395.458

326.468

68.990

21,1%

Export

194.236

131.841

62.395

47,3%

Rp Billion

Net Sales by Category

2014

2013

Balance

%Growth

Men's

274.164

199.909

74.255

37,1%

Women's

301.887

241.313

60.574

25,1%

13.643

17.087

-3.444

-20,2%

Rp Billion

Others

Net Sales By Segment

2014

2013

Balance

%Growth

Skin Care & Make Up

203.055

155.229

47.826

30,8%

Hair Care

222.406

155.365

67.041

43,2%

Fragrance

154.811

135.454

19.357

14,3%

9.423

12.261

-2.838

-23,1%

Rp Billion

Others

14.3%
154.811

135.454

30.8%
32.94%

203.055

155.229
67.06%

43,2%

Domestic

155.365

222.406

2013

2014

Export

Hair Care

Skin Care & Make Up

Fragrance

Management Plan
Fourth Stage of the 3-Year Middle Range Management Planning (MID-4)

2014 - 2016

Become The Real Global Company
Mandom Indonesia is entering the MID-4 period which will commence from 2014 - 2016. During this period, the
Company will focus on strengthening Gatsby and Pixy brands, develop new brands-new products-and new
categories, expand export markets, and enhance the quality of production system, research, and product
development. Sales target for this period is Rp 3 trillion which is planned to be achieved in 2016.

Future Expansion
At the moment, we are constructing new factory in Cibitung industrial town starting June 2013.
The construction is estimated to be completed on December 2014. By early 2015, we will move all
the office and production facility from Sunter to the new Cibitung factory.
Investment
Site area

: Rp. 390 billion
: 148,000m2

Building area : 37,692m2
Sunter Factory

Current Cibitung
Factory

Brief Analysis
Hair Care

Sales of Hair Care

222.406

Year on Year

(in Millions Rupiah)
162.072

comparison

43.2%

155.365

Sales of hair care products in 1Q2014
grew significantly by 43.2% to Rp 222.4
billion. Gatsby launched new series of
hair styling products which offers new
way and new look to men's hair style.
2012

2013

2014

Skin Care & Make Up

Skin Care & Make Up
(in Millions Rupiah)
203,055

Year on Year
comparison

30.8%

181.388
155.229

Sales of skin care & make up products
grew significantly by 30.8% to Rp 203.1
billion compared to 1Q2013. The Company
is increasing promotional activities
especially for ladies cosmetics in order to
manage the increasingly tight competition
in the market.

34,26%

2012

2013

2014

Fragrance

Year on Year

Sales of Fragrance
(in Millions Rupiah)

comparison
154.811

14.3%
Sales of fragrance products continuing
its double digit growth and recorded a
growth of 14.3% compared to
1Q2013. In the men's fragrance
market, Gatsby is now number 1 and
its Urban Cologne Series becomes the
number 1 too.

143.734

135.454

2012

2013

2014

Ratios
5,9%

5,0%

Return On Equity
5,0%

Return On Assets
4,0%

3,9%

4,5%

2,9%

3,4%

2011
34,41%

2012

2013

2014

EBITDA Margin

2011

2012

295

2013

2014
312

EPS
239 (in rupiah)
193

16,34%

15,16%

17,35%

2011

2011

2012

2013

2012

2013

2014

2014

Dividen Yield*
BVPS
Rp6.196,5

4,5%
4,1%

Rp5.648,4
Rp5.011,1

2011

Rp5.313,7

2012

2013

Alia Dewi/Reza Azianur
P: 62-21-6510061
F: 62-21-6510069
E-mail:
alia.dewi@mandom.co.id/reza.azianur
@mandom.co.id
W: www.mandom.co.id
PT Mandom Indonesia Tbk
@mandomindonesia

2,7%

2013

2014

2014
2011

PR-INVESTOR RELATIONS

2,8%

2012

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.