c1fed44f39710312cc8fbb7a342d2f86
Performance Summary
•
The Company managed to record sales of Rp 731.35 billion or
grew by 19.6% compared to same period in the preceding year.
•
Domestic and export sales grew double digit by 20.9% and
15.6% 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 in line with the
successful of GATSBY Styling Pomade in the market.
•
Cost of goods sold increased by 19.5% y-o-y. Nonetheless,
gross profit still growing by 19.6%.
•
Operating expenses increased by 15.8% y-o-y mainly due to the
continuing investment on sales promotion activity as an effort
to strengthen several focus products under GATSBY and PIXY
brands.
•
Operating income and net income grew by 27.7% and 33.3%
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)
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
1Q2017
731,353
444,896
286,457
188,814
97,642
73,047
64,147
363
1Q2016
611,575
372,146
239,429
162,988
76,441
54,782
37,982
272
Balance
119,778
72,750
47,028
25,826
21,201
18,265
26,165
91
%Growth
19.6%
19.5%
19.6%
15.8%
27.7%
33.3%
68.9%
33.5%
Mar 31, 2017
1,285,630
1,037,787
2,323,417
267,118
208,993
1,847,306
2,323,417
1,018,512
201,066,667
Dec 31, 2016
1,174,482
1,010,619
2,185,101
223,305
178,637
1,783,159
2,185,101
951,177
201,066,667
Balance
111,148
27,168
138,316
43,813
30,356
64,147
138,316
67,335
201,066,667
%Growth
9.5%
2.7%
6.3%
19.6%
17.0%
3.6%
6.3%
7.1%
1Q2017
32,541
1Q2016
34,455
Balance
-1,914
%Growth
-5.6%
Net Sales
Net Sales by Geographical Segment
Rp Billion
1Q2017
1Q2016
Balance
%Growth
Domestic
558,747
462,255
96,492
20.9%
Export
172,606
149,320
23,286
15.6%
Rp Billion
1Q2017
1Q2016
Balance
%Growth
Men's
397,157
325,464
71,693
22.0%
Women's
327,556
276,891
50,665
18.3%
6,640
9,220
-2,580
-28.0%
Rp Billion
1Q2017
1Q2016
Balance
%Growth
Skin Care & Make Up
248,300
194,591
53,709
27.6%
Hair Care
320,724
260,479
60,245
23.1%
Fragrance
157,437
149,582
7,855
5.3%
4,892
6,923
-2,031
-29.3%
Net Sales by Category
Others
Net Sales By Segment
Others
Sales by Region and Segments
149,582
194,591
23.6%
76.4%
Domestic
Export
5.3%
27.6%
157,437
248,300
23.1%
260,479
320,724
1Q2016
1Q2017
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 23.1% driven by
Hairstyling and Hair Color
As of 1Q2017 Hairstyling and Hair Color become the booster of this
category by growing double digit respectively. For domestic, Hairstyling still
become the darling following the successful of GATSBY Styling Pomade in
the market. While for export, Hair Color has showing a good performance
during 1Q. Going forward the Company will strengthen this category by
launching new products and conducting several A&P Activities.
Activities in 1Q2017
GATSBY
@ JakCloth and HAI DAY
GATSBY @ Ennichisai in Bandung,
Surabaya, Yogyakarta and Medan
Train Branding
Skin Care & Makeup
Base Makeup and Decorative Makeup
grew double digit
Amidst tighter competition in this market, Skin Care & Makeup
category managed to grew double digit in 1Q2017. Decorative
Makeup has been doing well during 1Q2017 in line with the
launching of new products such as PIXY Lip Cream. While for Base
Makeup the contribution still from PIXY TWC Perfect Fit.
Activities in 1Q2017
TVC PIXY lip Cream
PIXY Beauty Career Talks
Express Your Truly Asian
Beauty
Fragrance
Fragrance grew by 5.3 % y-o-y driven by Male
Fragrance namely GATSBY Urban Cologne
This category still facing stiffer competition with low consumer loyalty.
Recently the consumer purchasing power of this products seems
stagnant. However, amidst those issues, the Company still managed to
record growth in this Category driven by male fragrance namely GATSBY
Urban Cologne. Going forward, the Company will strengthen this
category by launching new products. In addition, the Company will be
more active in A&P activities as an effort to boost female fragrance.
Activities in 2016 – 1Q2017
Pucelle Vlogging
Competition
Pucelle School to School
Pinkredible Me
Social Media
Campaign
Financial Ratios
Return on Assets
Return o Equity
5.0%
EBITDA Margin
4.0%
4.8%
3.1%
19.2%
3.2%
4.0%
3.1%
2.5%
17.5%
17.2%
16.4%
1Q2014
1Q2015
1Q2016
1Q2017
1Q2014
1Q2015
272
1Q2014
1Q2015
1Q2016
1Q2014
1Q2017
Rp6,196
Rp6,435
1Q2014
1Q2015
1Q2015
1Q2016
1Q2017
Dividend Yield
Rp8,716
363
310
1Q2017
BVPS
Earning per Share
312
1Q2016
Rp9,186
2.7%
1.9%
1Q2016
1Q2017
1Q2014
1Q2015
2.3%
1Q2016
2.7%
1Q2017
*stock price : Mar 31
CORPORATE SECRETARY/
PR-INVESTOR RELATIONS
Alia Dewi/Reza Azianur
P: 62-21-2980 9500
F: 62-21-2980 9501
E: [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 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 731.35 billion or
grew by 19.6% compared to same period in the preceding year.
•
Domestic and export sales grew double digit by 20.9% and
15.6% 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 in line with the
successful of GATSBY Styling Pomade in the market.
•
Cost of goods sold increased by 19.5% y-o-y. Nonetheless,
gross profit still growing by 19.6%.
•
Operating expenses increased by 15.8% y-o-y mainly due to the
continuing investment on sales promotion activity as an effort
to strengthen several focus products under GATSBY and PIXY
brands.
•
Operating income and net income grew by 27.7% and 33.3%
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)
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
1Q2017
731,353
444,896
286,457
188,814
97,642
73,047
64,147
363
1Q2016
611,575
372,146
239,429
162,988
76,441
54,782
37,982
272
Balance
119,778
72,750
47,028
25,826
21,201
18,265
26,165
91
%Growth
19.6%
19.5%
19.6%
15.8%
27.7%
33.3%
68.9%
33.5%
Mar 31, 2017
1,285,630
1,037,787
2,323,417
267,118
208,993
1,847,306
2,323,417
1,018,512
201,066,667
Dec 31, 2016
1,174,482
1,010,619
2,185,101
223,305
178,637
1,783,159
2,185,101
951,177
201,066,667
Balance
111,148
27,168
138,316
43,813
30,356
64,147
138,316
67,335
201,066,667
%Growth
9.5%
2.7%
6.3%
19.6%
17.0%
3.6%
6.3%
7.1%
1Q2017
32,541
1Q2016
34,455
Balance
-1,914
%Growth
-5.6%
Net Sales
Net Sales by Geographical Segment
Rp Billion
1Q2017
1Q2016
Balance
%Growth
Domestic
558,747
462,255
96,492
20.9%
Export
172,606
149,320
23,286
15.6%
Rp Billion
1Q2017
1Q2016
Balance
%Growth
Men's
397,157
325,464
71,693
22.0%
Women's
327,556
276,891
50,665
18.3%
6,640
9,220
-2,580
-28.0%
Rp Billion
1Q2017
1Q2016
Balance
%Growth
Skin Care & Make Up
248,300
194,591
53,709
27.6%
Hair Care
320,724
260,479
60,245
23.1%
Fragrance
157,437
149,582
7,855
5.3%
4,892
6,923
-2,031
-29.3%
Net Sales by Category
Others
Net Sales By Segment
Others
Sales by Region and Segments
149,582
194,591
23.6%
76.4%
Domestic
Export
5.3%
27.6%
157,437
248,300
23.1%
260,479
320,724
1Q2016
1Q2017
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 23.1% driven by
Hairstyling and Hair Color
As of 1Q2017 Hairstyling and Hair Color become the booster of this
category by growing double digit respectively. For domestic, Hairstyling still
become the darling following the successful of GATSBY Styling Pomade in
the market. While for export, Hair Color has showing a good performance
during 1Q. Going forward the Company will strengthen this category by
launching new products and conducting several A&P Activities.
Activities in 1Q2017
GATSBY
@ JakCloth and HAI DAY
GATSBY @ Ennichisai in Bandung,
Surabaya, Yogyakarta and Medan
Train Branding
Skin Care & Makeup
Base Makeup and Decorative Makeup
grew double digit
Amidst tighter competition in this market, Skin Care & Makeup
category managed to grew double digit in 1Q2017. Decorative
Makeup has been doing well during 1Q2017 in line with the
launching of new products such as PIXY Lip Cream. While for Base
Makeup the contribution still from PIXY TWC Perfect Fit.
Activities in 1Q2017
TVC PIXY lip Cream
PIXY Beauty Career Talks
Express Your Truly Asian
Beauty
Fragrance
Fragrance grew by 5.3 % y-o-y driven by Male
Fragrance namely GATSBY Urban Cologne
This category still facing stiffer competition with low consumer loyalty.
Recently the consumer purchasing power of this products seems
stagnant. However, amidst those issues, the Company still managed to
record growth in this Category driven by male fragrance namely GATSBY
Urban Cologne. Going forward, the Company will strengthen this
category by launching new products. In addition, the Company will be
more active in A&P activities as an effort to boost female fragrance.
Activities in 2016 – 1Q2017
Pucelle Vlogging
Competition
Pucelle School to School
Pinkredible Me
Social Media
Campaign
Financial Ratios
Return on Assets
Return o Equity
5.0%
EBITDA Margin
4.0%
4.8%
3.1%
19.2%
3.2%
4.0%
3.1%
2.5%
17.5%
17.2%
16.4%
1Q2014
1Q2015
1Q2016
1Q2017
1Q2014
1Q2015
272
1Q2014
1Q2015
1Q2016
1Q2014
1Q2017
Rp6,196
Rp6,435
1Q2014
1Q2015
1Q2015
1Q2016
1Q2017
Dividend Yield
Rp8,716
363
310
1Q2017
BVPS
Earning per Share
312
1Q2016
Rp9,186
2.7%
1.9%
1Q2016
1Q2017
1Q2014
1Q2015
2.3%
1Q2016
2.7%
1Q2017
*stock price : Mar 31
CORPORATE SECRETARY/
PR-INVESTOR RELATIONS
Alia Dewi/Reza Azianur
P: 62-21-2980 9500
F: 62-21-2980 9501
E: [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 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