Consolidated Income Statement Key Performance Drivers

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Consolidated Income Statement Key Performance Drivers 30 SEPTEMBER 09 Consolidated Income Statement In Billion Rupiah 9M’09 9M’08 % Chg USD / IDR 9,681 9,378 3% Revenue 70,647 73,765 -4% Gross Profit 16,704 17,067 -2% Operating Income 9,499 9,964 -5% EBITDA 12,503 12,354 1% Other Income 768 585 31% Equity Income 1,657 1,909 -13% Income Tax (2,990) (3,403) n.a Minority Interests (1,830) (1,684) n.a Net Income 7,104 7,371 -4% Key Performance Drivers: • Wholesale car market declined 28% yoy to 337,470 units while Astra car sales decreased 18% yoy to 194,877 units. Wholesale motorcycle market dropped by 14% to 4,139,711 units, while Honda sales declined by a larger 16% to 1,897,842 units due to intense competition. • The contribution from Astra’s consumer finance operations increased reflecting the growth in their overall book, including balances financed through joint financing without recourse. • Agribusiness revenue decreased 18% yoy due to fluctuation in crude palm oil prices. CPO production increased by 7%. • Komatsu unit sales decreased by 41% from 3,823 units (9M08) to 2,237 units (9M09), but operating profit were stronger due to model mix. As the largest mining contractor in Indonesia, Pama benefited from continued expansion in the sector. During the period, coal extracted increased by 10% to 48.5 million tonnes and overburden removed rose by 32% to 435.5 million bcm. The group’s own coal mining activity produced 1.8 mn tonnes coal and contributed 10% to UT’s revenue. 30 SEPTEMBER 09 Investor Update Divisional Revenue In Billion Rupiah 6M’04 6M’039M’09 % Chg9M’08 % Chg 4W 25,971 27,929 -7% 2W 6,849 7,666 -11% Components 3,853 4,108 -6% Financial Services 6,137 5,751 7% Agribusiness 5,463 6,697 -18% Heavy Equipment 21,263 20,998 1% Others 1,111 616 80% Total 70,647 73,765 -4% Divisional Net Profit In Percentage of Total 9M’09 9M’08 4W 23.9% 23.5% 0.4% 2W 12.2% 16.3% -4.1% Components 7.0% 7.2% -0.2% Financial Services 18.5% 14.2% 4.4% Agribusiness 13.3% 21.7% -8.4% Heavy Equipment 23.8% 15.9% 7.9% Others 1.3% 1.3% 0.0% Important Events: Launching Engine Prices Prev. Prices Recent Models Launched Time Capacity (IDR mn) (IDR mn) Car Toyota Fortuner 2.5 G Diesel A/T minor change August 2009 2,500cc 370 - Kijang Innova J August 2009 2,000cc 179.9 - New Rush Type G minor change October 2009 1,500cc 186.2 184.8 New Rush Type S M/T minor change October 2009 1,500cc 195.3 - New Rush Type S A/T minor change October 2009 1,500cc 209.3 - Sirion M M/T October 2009 1,300cc 161 - Sirion M A/T October 2009 1,300cc 171.1 - Motorcycle Vario Techno July 2009 125cc 15.5 - • Astra ownership in AOP increased from 93.91% to 95.65% at the end of July 2009. • Astra declared an interim dividend for the year ending 31 Dec 2009 in the amount of IDR 290 and will pay on 16 November 2009. • Astra Sedaya Finance issued MTN in July and August in the amount of IDR 200 million and IDR 600 million, respectively. Interest rates range from 10% to 11.475% and will amortize up to 2 years. Investor Update Consolidated Balance Sheet In Billion Rupiah 9M’09 9M’08 % Chg Cash and Cash Equivalent 8,442 9,092 -7% Trade Receivables 7,517 7,428 1% Inventories 6,697 6,870 -3% Financing Receivables 20,050 18,885 6% Investment in Associates and Jointly Controlled Entities 10,915 10,515 4% Fixed Assets 20,934 16,002 31% Other Assets 11,014 8,996 22% Total Assets 85,569 77,788 10% Short Term Loan 2,911 2,652 10% Trade Payables 5,753 6,992 -18% Long Term Loan 19,024 17,415 9% Other Liabilities 11,044 12,628 -13% Total Liabilities 38,732 39,687 -2% Minority Interest 8,754 7,086 24% Equity 38,083 31,015 23% Net Debt (Cash) 13,490 10,937 23% Net Debt (Cash) (Excluding Financial Services) 135 (2,212) -106% Consolidated Cash Flow In Billion Rupiah 9M’09 9M’08 EBITDA 12,503 12,354 149 Working Capital (2,044) (1,974) (70) Net Interest (26) (13) (13) Net Capex (3,722) (3,024) (698) Current Tax (3,467) (2,406) (1,061) Others 188 1,067 (879) Cash Flow from Operation 3,432 6,004 (2,572) Net Dividend (1,376) (1,166) (210) Net Investment (890) (2,252) 1,362 Opening Net Cash (Debt) (14,656) (13,523) (1,133) Closing Net Cash (Debt) (13,490) (10,937) (2,553) 30 SEPTEMBER 09 Investor Update Automotive Review Car Market Share* Motorcycle Market Share* Others Others 12.8% 0.6% Toyota Honda 33.2% Kawasaki 9.2% 0.7% Suzuki 13.3% 9M’08 Suzuki 12.8% Mitsubishi Daihatsu Honda 14.7% 12.5% Yamaha 46.8% Peugeot & Isuzu 38.6% N Diesel 4.3% 0.5% Others Others 12.3% 0.1% Honda Toyota Kawasaki 38.4% 1.0% 8.2% Suzuki 7.8% Suzuki 9.3% 9M’09 Mitsubishi 12.4% Daihatsu Honda Peugeot & 15.8% 45.8% N Diesel Isuzu Yamaha 0.3% 3.3% 45.2% *Car market is based on Gaikindo data. Motorcycle market is based on AISI data. 9M’09 9M’08 Wholesale Astra Wholesale Astra Major Brands Market Market Market Market (Unit) Share (Unit) Share Sedan 16,243 36% 28,988 46% Toyota - Vios/Limo, Altis, Camry; Honda - City, Civic 4X2 & 4X4 231,650 71% 294,927 62% Toyota - Avanza, Innova, Rush; Daihatsu - Xenia, Terios, Gran Max; Nissan - Grand Livina; Honda - CRV, Jazz, Freed; Suzuki - APV Pick Up 45,532 26% 74,308 30% Suzuki - Carry; Mitsubishi - L300, T120, L200; Car Daihatsu - Gran Max Truck 44,045 27% 68,990 27% Mitsubishi - Canter; Toyota - Dyna; Isuzu - Elf; Hino; Nissan Diesel Total 337,470 58% 467,213 51% Cub 2,165,949 54% 3,111,292 53% Honda - Supra X 125, Revo, Supra Fit X; Yamaha - Vega R, Jupiter Z, Jupiter MX; Suzuki - New Smash, Shogun 125 Scooter 1,543,905 37% 1,174,464 31% Yamaha - Mio; Honda - Vario, BeAT Sport & Others 429,857 35% 518,998 46% Honda - Mega Pro, Tiger; Suzuki - Thunder, Satria S; Yamaha - V-ixion Motorcycle Total 4,139,711 46% 4,804,754 47% For further information: Investor Relations of PT Astra International Tbk - Attn: Novian Fitriawan / Tira Ardianti / Rully Anggia Ph: (62) (021) 652 2555 ext 144 / 145 / 147 Fax: (62) (021) 6530 4957 Email: [email protected] / [email protected] / [email protected] Disclaimer Notice : PT Astra International Tbk makes no representations or warranties as to the adequacy, completeness, suitability or alike for any purpose of the information contained in this release, and disclaim liability for any error or omissions therein and for any damages whatsoever or howsoever arising, including from any action taken in reliance on any information in this release. www.astra.co.id.
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