Key Performance Drivers: Consolidated Income Statement
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30 SEPTEMBER 2010 Consolidated Income Statement In Billion Rupiah 9M’10 9M’09 % Chg USD / IDR 8,924 9,681 -8% Revenue 95,034 70,647 35% Gross Profit 19,382 16,704 16% Operating Income 10,430 9,499 10% EBITDA 14,378 12,503 15% Other Income 1,009 768 31% Equity Income 3,675 1,657 122% Income Tax (2,838) (2,990) n.a Minority Interests (1,914) (1,830) n.a Net Income 10,362 7,104 46% *All financial figures are unaudited. Key Performance Drivers: • Astra’s 4W sales grew by 60% to 311,096 units, representing a market share of 56%. Astra Honda Motor maintained its market leading position with sales improving by 35% to 2,571,266 units, representing a market share of 47%. • The amount financed through Federal International Finance, Astra Credit Companies and Toyota Astra Financial Services in the first nine months of 2010 grew by 43% to Rp33 trillion. • Strong results were seen in United Tractor’s Komatsu heavy equipment business, which sold 4,114 units in the first nine months of 2010, an increase of 84%. • Pamapersada Nusantara – the coal mining contractor – suffered higher production costs and the impact of a stronger Rupiah lead to reduced contribution. • Astra Agro Lestari showed some improvement in the third quarter due to an increase in CPO prices and higher production output. CPO production for the 9 months was however 1% lower at 777,210 tonnes. 30 SEPTEMBER 2010 Investor Update Divisional Revenue In Billion Rupiah 6M’04 6M’039M’10 % Chg9M’09 % Chg 4W 38,248 23,990 59% 2W 8,188 6,849 20% Components 4,587 3,853 19% Financial Services 7,197 6,137 17% Agribusiness 5,722 5,463 5% Heavy Equipment & Mining 27,764 21,263 31% Others 3,328 3,092 8% Total 95,034 70,647 35% Divisional Net Income In Percentage of Total 6M’04 6M’039M’10 % Chg9M’09 4W 24.5% 17.5% 7.0% 2W 17.6% 12.9% 4.6% Components 7.7% 7.4% 0.3% Financial Services 20.2% 20.7% -0.5% Agribusiness 9.4% 14.0% -4.5% Heavy Equipment & Mining 17.3% 25.1% -7.8% Others 3.3% 2.4% 0.9% Important Events: Launching Engine Prices Recent Models Lauched Time Capacity (IDR mn) Car Toyota Grand New Corolla Altis Jul-10 1,800cc/2,000cc 328 - 380 Toyota Kijang Innova E AT Jul-10 2,000cc 228.8 Toyota Kijang Innova G Luxury Jul-10 2,000cc 255.8 Toyota Kijang Innova V Luxury Jul-10 2,000cc 290.7 Sirion Femme Jul-10 1,300cc 155.3 - 165.4 Sirion Drift Sporty Jul-10 1,300cc 158.3 - 168.4 New Terios Sep-10 1,500cc 155.4 - 194.6 Toyota New Rush Oct-10 1,500cc 200.8 - 214.8 Motorcycle Honda Vario Techno Aug-10 125cc 14.8 Honda New Mega Pro SW Aug-10 150cc 18.3 Honda New Mega Pro CW Aug-10 150cc 19.5 New Honda CS1 Oct-10 125cc 17.2 New Honda Blade Oct-10 110cc 13.8 - 14 • On 4th October 2010, Astra’s 44.5%-held associate, Permata Bank, announced a Rp2 trillion 1:6 rights issue to strengthen capital adequacy to support business expansion and growth opportunities. • Astra will distribute an interim dividend of Rp470 per share (2009: Rp290 per share) on 15th November 2010. Investor Update Consolidated Balance Sheet In Billion Rupiah 9M’10 9M’09 % Chg Cash and Cash Equivalent 8,605 8,442 2% Trade Receivables 9,485 7,517 26% Inventories 8,599 6,697 28% Financing Receivables 27,734 20,050 38% Investment in Associates and Jointly 13,959 10,915 28% Controlled Entities Fixed Assets 23,554 19,900 18% Other Assets 16,011 12,048 33% Total Assets 107,947 85,569 26% Short Term Loan 3,745 2,911 29% Trade Payables 8,330 5,753 45% Long Term Loan 24,673 19,024 30% Other Liabilities 13,897 11,044 26% Total Liabilities 50,645 38,732 31% Minority Interest 10,126 8,754 16% Equity 47,176 38,083 24% Net Debt (Cash) 19,766 13,490 47% Net Debt (Cash) (Excl. Financial Services) (227) 135 -268% Consolidated Cash Flow In Billion Rupiah 9M’10 9M’09 EBITDA 14,378 12,503 1,875 Working Capital (8,841) (1,459) 7,382 Net Interest 71 (26) 97 Net Capex (4,461) (3,722) (739) Current Tax (3,638) (3,467) (171) Others (425) (908) 483 Cash Flow from Operation (2,916) 2,921 (5,837) Net Dividend (2,715) (1,376) (1,339) Net Investment (955) (379) 576 Opening Net Cash (Debt) (13,180) (14,656) 1,476 Closing Net Cash (Debt) (19,766) (13,490) (6,276) 30 SEPTEMBER 2010 Investor Update Automotive Review Wholesale Market Share* Car Motorcycle Others Others 12.8% Toyota 0.3% 37.6% Kawasaki Honda 1.1% 8.0% Suzuki 7.1% 9M’10 Suzuki 9.2% Mitsubishi Daihatsu Honda 14.1% 14.8% Yamaha 46.7% Peugeot & Isuzu 44.8% N Diesel 3.1% 0.4% Others Others 12.3% 0.1% Honda Toyota Kawasaki 8.2% 38.4% Suzuki 1.1% 7.8% Suzuki 9.3% 9M’09 Mitsubishi 12.4% Honda Peugeot & Daihatsu 45.8% N Diesel Isuzu 15.8% Yamaha 0.3% 3.3% 45.2% *Car market is based on Gaikindo data. Motorcycle market is based on AISI data. 9M’10 9M’09 Wholesale Astra Wholesale Astra Major Brands Market Market Market Market (Unit) Share (Unit) Share Sedan 26,963 46% 16,243 36% Toyota - Vios/Limo, Altis, Camry; Honda - City, Civic; Mercedes - E Series, C Series 4X2 & 4X4 380,720 66% 231,650 71% Toyota - Avanza, Innova, Rush, Yaris; Daihatsu - Xenia, Terios, Gran Max; Nissan - Grand Livina, Livina; Car Honda - Jazz, CRV, Freed; Suzuki - APV Pick Up 69,915 34% 45,532 26% Suzuki - Carry; Daihatsu - Gran Max; Mitsubishi - L300, T120SS Truck 78,595 28% 44,038 27% Mitsubishi - Canter; Toyota - Dyna; Isuzu - Elf Total 556,193 56% 337,463 58% Cub 2,615,812 52% 2,165,950 54% Honda - Absolute Revo, Supra X 125; Yamaha - Vega ZR/ZRD, Jupiter Z CW; Suzuki - New Shogun 125, New Smash Scooter 2,429,445 45% 1,543,905 37% Yamaha - Mio; Honda - Vario, BeAT; Suzuki - Spin Sport & Others 464,848 25% 429,821 35% Yamaha - V-ixion; Honda - New Mega Pro, Tiger/New Tiger; Suzuki - Satria F 150, Thunder EN 125 Motorcycle Total 5,510,105 47% 4,139,676 46% 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.