Sido Muncul Presentation 2014 - Update 9M · PDF fileTolak Angin and Kuku Bima ......

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Transcript of Sido Muncul Presentation 2014 - Update 9M · PDF fileTolak Angin and Kuku Bima ......

Page 1: Sido Muncul Presentation 2014 - Update 9M · PDF fileTolak Angin and Kuku Bima ... COMPANY’S POSITION –ENERGY DRINK PRODUCTION OF ENERGY DRINK KUKU BIMA “ENER ... Sido Muncul
Page 2: Sido Muncul Presentation 2014 - Update 9M · PDF fileTolak Angin and Kuku Bima ... COMPANY’S POSITION –ENERGY DRINK PRODUCTION OF ENERGY DRINK KUKU BIMA “ENER ... Sido Muncul

This presentation is made to provide information. No representation or warranty is made as to

the fairness, accuracy, completeness or correctness of the information, opinions and conclusions

contained within this presentation. All information including business forward plans in this

presentation should not be considered as a recommendation in relation to holding purchasing or

selling shares in any jurisdiction. No copy or use of this presentation should occur without the

permission of PT INDUSTRI JAMU DAN FARMASI SIDO MUNCUL TBK.

Disclaimer

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COMPANY OVERVIEWCOMPANY OVERVIEW

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MISSIONMISSIONMISSIONMISSION

• Develop herbal-based products that are rational, safe and truthful and are based on scientific research.

• Develop continuous research on herbal medicines

• Assist and encourage the government, educational institutions, medical professionals to play more active roles

in research and development of traditional medicines and medications.

• Improve public awareness on the importance of maintaining health through healthy lifestyle, the use of natural

ingredients and naturopathy medication.

• Conduct intensive corporate social responsibility (CSR)

• Manage an environmentally friendly company

• To become a worldwide herbal medicine company

VISION & MISSION

VISIONVISIONVISIONVISION

Become herbal medicine, health food-beverage and herbal raw material processing company that

provides benefit to the society and environment.

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MILESTONES

The production process was moved to

Semarang, and an unpretentious company

was founded with the name SIDO MUNCUL

which means “a dream come true” with its

first factory located in Jl. Mlaten Trenggulun,

Semarang.

Cornerstone-laying was held for the

construction of a new, bigger and more

modern factory in Klepu, Ungaran by Sri

Sultan Hamengkubuwono X and witnessed

by Director General of Food and Drug

Administration.

1940 1970 1984 2000

1951 1975 1997 2013

The company initially was a domestic herbal

medicine industry managed by Mrs. Rahmat

Sulistio in Yogyakarta.

The limited partnership was formed under

the name CV Industri Jamu & Farmasi Sido

Muncul.

Eshtablishment of herbal medicine industry

turned into a Limited Company under the

name of PT Industri Jamu dan Farmasi Sido

Muncul.

The factory was moved to Lingkungan

Industri Kecil in Jl. Kaliwage, Semarang. In

order to accommodate the growing market

demand, the plant began to be equipped

with modern machinery.

The new factory is located in Klepu, sub

Bergas, Ungaran with an area of about 30

hectares was inaugurated by the Minister of

Health and Social Welfare of the Republic of

Indonesia.

Sido Muncul conducted initial

public offering of 1,500,000,000

shares with the issue price of Rp

580.- per share.

Sept ‘14

PT Berlico Mulia Farma joined the Sido

Muncul Group, expanding Sido Muncul’s

business in pharmaceutical industry.

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STRUCTURE

99.99%99.99%

HIDAYAT

FAMILY

HIDAYAT

FAMILY

PUBLICPUBLIC

81.00% 19.00%

99.99%

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PT BERLICO MULIA FARMA

PT Berlico Mulia Farma was acquired by PT Industri Jamu

dan Farmasi Sido Muncul Tbk on September 1, 2014.

Located in Kalasan – Yogyakarta, company has

production facilities to manufacture liquid medication,

tablets, coated tablets, and cream.

The company has more than 80 products within the

product line, consisting of ethical drug, OTC, food

supplement and herbal. On the distribution, company

cooperates with 50 pharmaceutical wholesalers to

distribute company’s products to more than 16 major

cities in Indonesia.

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PRODUCTS PORTFOLIO

HERBAL MEDICINE

TOLAK ANGIN VARIANTS TRADITIONAL HERBAL MEDICINE

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PRODUCTS PORTFOLIO

ENERGY DRINK

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PRODUCTS PORTFOLIO

BEVERAGE & CONFECTIONERY

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PRODUCTS PORTFOLIO

HEALTHY DRINK

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PRODUCTS PORTFOLIO

PHARMACIES

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PRODUCTS PORTFOLIO

SUPPLEMENT & OTHERS

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Medan

Batam

PadangBangka

Belitung

Palembang

Bandar Lampung

Bengkulu

Jambi

Samarinda

Tarakan

Pontianak

Ketapang

Banjarmasin

Manado

GorontaloPalu

Kendari

Makassar

Ambon

Tobelo

Ternate

BiakSorong

Manokwari

Nabire

Timika

Jayapura

Merauke

Atambua

KupangSumbawa

LombokBali

Jakarta

Surabaya

YogyakartaSolo

Cilacap

Tangerang

Purwakarta

Cilacap

Madura

Jombang

DISTRIBUTION SYSTEM

East Java & East

Indonesia

Wholesale, Supermarket, Store, Retailer

End Customer

Central JavaJakarta & West

Indonesia

Sido Muncul is supported by over 108 Sub-

Distributors and over 160,000 wholesalers that

cover 76 major cities in Indonesia

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EXPORT MARKET

AFGHANISTANALGERIA

USA

BRUNEIMALAYSIA

AUSTRALIA

GHANA

HONG KONG

JORDAN

CANADA

SOUTH KOREA

MAURITIUS

SINGAPORE

MONGOLIA

NIGERIA

QATAR

SURINAME

The Company products are sold in some countries in America, Europe, Asia, Africa and Australia due to the higher

demand of Company’s products.

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AWARDS & CERTIFICATIONS

MINISTRY OF HEALTH

CPOB AND CPOTB CERTIFICATE

The first Herbal Company in Indonesia with

pharmacy standard

MARKETING MAGAZINE IN

COLLABORATION WITH FRONTIER

CONSULTING GROUP

TOP BRAND AWARD 2013

Tolak Angin and Kuku Bima

MARKETEERS MAGAZINE IN

COLLABORATION WITH MARKPLUS

INSIGHT

INDONESIA BRAND CHAMPION

Herbal Medicine Category 2013 and Minor

Health Category Pro 2013 – Tolak Angin

BLOOMBERG BUSINESSWEEK & FRONTIER

CONSULTING GROUP

CORPORATE IMAGE AWARD

Traditional Herbal Medicine Category 2012

FRONTIER CONSULTING GROUP

& SWA MAGAZINE

ICSA 2012

The Best in Achieving Total Customer

Satisfaction – Kuku Bima TL

SWA & MARS MAGAZINES

INDONESIA BEST BRAND AWARD 2012

Tolak Angin

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HERBAL INDUSTRY AT A GLANCEHERBAL INDUSTRY AT A GLANCE

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TRADITIONAL MEDICINE INDUSTRY

DISTRIBUTION OF TRADITIONAL MEDICINE COMPANIES – 2012

Source: Capricorn Indonesia Consult, September 2013

In 2012, there are 1,358 herbal medicine

companies where about 78% from total is

from Java and there are 6,176 registered

herbal medicine brand in BPOM

(Indonesia’s Food & Drug Administration)

during the period 2008 – May 2013.

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COMPANY’S POSITION – HERBAL MEDICINE COLD SYMPTOMS

PRODUCTION OF HERBAL MEDICINE COLD SYMPTOMS TOLAK ANGIN MARKET SHARE

Source: Capricorn Indonesia Consult, September 2013

Increased consumption of herbal medicine coupled with an increasingly modern production technology has led to the production of herbal medicine increased rapidly.

In the period 2008-2012, the production of herbal medicine colds recorded increased an average of 34% per year. Production of herbal medicine which in 2008

amounted to 3,941.8 tonnes in 2012 has increased to 12,709.1 tons

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COMPANY’S POSITION – ENERGY DRINK

PRODUCTION OF ENERGY DRINK KUKU BIMA “ENER-G!” MARKET SHARE

Source: Capricorn Indonesia Consult, September 2013

Market demand and industry developments have prompted increased production of energy drinks in Indonesia. During the period 2008-2012 the production of energy

drinks in Indonesia on average each year increased 23.9%. Production of energy drinks in 2008 amounted to 425.8 million liters, and continue to increase to 1 billion

liters by 2012.

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FINANCIAL OVERVIEWFINANCIAL OVERVIEW

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1,742.8

1,594.0

Consolidated

-8.5%

Others

+4.1% (YoY)

Pharmacies

N/A (YoY)

Beverage /Conf.

-24.2% (YoY)

Energy Drink

-23.0% (YoY)

Herbal Medicine

+6.9% (YoY)

SALES MIX (Rp Billion)

SALES PROPORTION 9M‘14

Healthy Drink

+1.2% (YoY)

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GROSS PROFIT MIX (Rp Billion)

CONSOLIDATED GROSS PROFIT MARGIN

677.5

561.7

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PRE-TAX EARNINGS

OPERATING PERFORMANCE (Rp Billion)

OPERATING EXPENSES TO NET SALES

OPERATING PROFIT MARGIN

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NET INCOME (Rp Billion)

NET PROFIT NET PROFIT MARGIN

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CASH CONVERSION

BALANCE SHEET (Rp Billion)

ASSETS & EQUITY

DEBT POSITION

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CAPITAL EXPENDITURE PLAN (Rp Billion)

309

130

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Main Office:

Gedung Menara Suara Merdeka Lantai 16

Jl Pandanaran No.30

Semarang 50134, Indonesia

Phone: (+6224) 7692-8811

Fax: (+6224) 7692-8815

Factory:

Jl Soekarno Hatta km 28

Kecamatan Bergas, Klepu

Semarang 50552, Indonesia

Phone: (+62298) 523-515

Fax: (+62298) 523-509

Website : www.sidomuncul.com

Online Store : www.sidomunculherbal.com

: @Sidomuncul_Corp

: Sidomuncul Corp

APPENDICESAPPENDICES

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INCOME STATEMENT

(Rp Billion)(Rp Billion)(Rp Billion)(Rp Billion) 9M'149M'149M'149M'14 9M'139M'139M'139M'13 %

SalesSalesSalesSales 1,594.01,594.01,594.01,594.0 1,742.81,742.81,742.81,742.8 -8.5%

COGSCOGSCOGSCOGS 1,032.31,032.31,032.31,032.3 1,065.31,065.31,065.31,065.3 -3.1%

Gross ProfitGross ProfitGross ProfitGross Profit 561.7561.7561.7561.7 677.5677.5677.5677.5 -17.1%

Margin 35.2% 38.9%

Selling ExpensesSelling ExpensesSelling ExpensesSelling Expenses 175.8175.8175.8175.8 248.5248.5248.5248.5

General & Admin. ExpensesGeneral & Admin. ExpensesGeneral & Admin. ExpensesGeneral & Admin. Expenses 73.973.973.973.9 60.460.460.460.4

Operating ProfitOperating ProfitOperating ProfitOperating Profit 311.9311.9311.9311.9 368.6368.6368.6368.6 -15.4%

Margin 19.6% 21.2%

Other Income (Expenses)Other Income (Expenses)Other Income (Expenses)Other Income (Expenses) 92.092.092.092.0 39.639.639.639.6

Pre-Tax IncomePre-Tax IncomePre-Tax IncomePre-Tax Income 403.9403.9403.9403.9 408.2408.2408.2408.2 -1.1%

Tax Expenses (Income)Tax Expenses (Income)Tax Expenses (Income)Tax Expenses (Income) 89.589.589.589.5 105.5105.5105.5105.5

Net IncomeNet IncomeNet IncomeNet Income 314.5314.5314.5314.5 302.7302.7302.7302.7 3.9%

Margin 19.7% 17.4%

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BALANCE SHEET

(Rp Billion)(Rp Billion)(Rp Billion)(Rp Billion) 9M'149M'149M'149M'14 2013201320132013 2012201220122012 2011201120112011

AssetsAssetsAssetsAssets 2,709.22,709.22,709.22,709.2 2,951.52,951.52,951.52,951.5 2,151.02,151.02,151.02,151.0 1,168.71,168.71,168.71,168.7

Current Assets 1,748.2 2,366.9 1,584.9 743.8

Non-Current Assets 960.9 584.6 566.1 424.9

LiabilitiesLiabilitiesLiabilitiesLiabilities 175.2175.2175.2175.2 326.1326.1326.1326.1 846.3846.3846.3846.3 633.3633.3633.3633.3

Current Liabilities 173.9 324.7 837.7 360.7

Non-Current Liabilities 1.3 1.3 8.7 272.6

EquityEquityEquityEquity 2,533.92,533.92,533.92,533.9 2,625.52,625.52,625.52,625.5 1,304.71,304.71,304.71,304.7 535.3535.3535.3535.3