Company Presentation PT Estika Tata Tiara Tbk (“KIBIF”) 2019, November
AGENDA 1 INDUSTRY AND BUSINESS PROSPECTS 2 2 INTRODUCTION KIBIF INTRODUCTION KIBIF 3 FINANCIAL HIGHLIGHT KIBIF
INDUSTRY AND BUSINESS PROSPECTS
Industry Overview islands islands The 2 nd longest Coastline Lines 99,000 Kilometers Source : MLA Innovation Report
Industry Overview Meat Supply per person, 2018 Average total meat supply per person measured in kilograms per year. Note that these figures do not correct for waste at the household/consumption level so may not directly reflect the quantity of food finally consumed by a given individual. Note: Data excludes fish and other seafood sources Source : FAOStats https://ourworldindata.org/meat-and-seafood-production-consumption#meat-production-across-the-world
Industry Overview Meat consumption: Beef and veal, Kilograms/capita, 2018 Indonesia: 2.6 Kg/capita Malaysia: 4.8 Kg/capita Source: OECD/FAO
Project Beef Consumption Growth
Contribution of Food & Beverage Industry in the Non Oil & Gas GDP in 1H 2019 Other Processing Furniture Industry Industries; Machine and Machinery & Transport Equipment [PERCENTAGE] Equipment repair and Equipment Industry Industry Installation Services Metal Goods Industry; [PERCENTAGE] [PERCENTAGE] Computers, Electronic [PERCENTAGE] Items, Optics; and FOOD & Electrical Equipment BEVERAGE [PERCENTAGE] INDUSTRY 37% Basic Metal Industry [PERCENTAGE] Non – metal Excavation Non – metal Excavation Industry 4% Tobacco Processing Rubber Industry; Goods Industry from Rubber and [PERCENTAGE] Plastics Textile and Garment [PERCENTAGE] Industry Wood Industry, Wood [PERCENTAGE] Chemical, Pharmaceutic Leather Paper and Paper and Cork Products and al and Traditional Industry, Leather Goods Industry; Printing and Woven Goods from Medicine Industries and Footwear Recording Media Bamboo, Rattan and [PERCENTAGE] [PERCENTAGE] Reproduction others [PERCENTAGE] [PERCENTAGE] Source : BPS diolah Kemenperin
INTRODUCTION KIBIF
Management Team Seasoned practitioners in the field Board of Commissioners Indra Josepha Gita Sapta Adi Budi Satria Adoe President Commissioner Independent Commissioner Commissioner 40 years experience in Human 32 years experience in Feedlot & 23 years experience in Plantation & Resources Development Food Processing Industry Food Processing Industry Board of Directors Board of Directors Wiryo Subagyo Yustinus Sadmoko Agus Suhada Juanita Grace Adoe Maulana M. Joesoef Frederik Wattimena Director Independent Director President Director Director Director Director 22 years experience in 23 years experience 30 years experience 12 years experience in 27 years experience 30 years experience BEEF & Processing in Financial Industry in Accounting & in Financial Industry Marketing, E-commerce in Feedlot and Food Industry Financial Industry & Technology Industry Processing Industry
Group Structure PT Tiga Tunggal Capital PT Tiga Tunggal Adimulya Kepemilikan Publik (‘TTC’) (‘TTA’) (BEEF) 20,0% 0,24% 79,76% PT Estika Tata Tiara Tbk (“the Company ’) 99,62% 70,00% PT De Glow International PT Bina Mandiri Trasindo (“DGI”) (“Transjet”) Engages in the Food Processing Business Cold chain logistic company Distributes all products to customers Warehousing through PT Estika Tata Tiara Import-export services Operates 3 Processing Plants at Estika’s location
Watch The Video KIBIF Video Company Profile.m4v
Business Flow
History & Milestones 2014 - 2015 2017 • Mr. Gita Sapta Adi joined KIBIF • Acquired Cikarang plant and • Acquired Subang plant : cold storage feedlot, meatpacking and • Started manufacturing processing plant processed food under • Started operating the KIBIF, BOSS , and MURATO integrated beef business Brands model • Certified ISO 22000-2005 • Established Adell Brand 2001 - 2011 (Food Safety Management System) PT Estika Tata Tiara was established, operating 2018 2018 in the business of beef and in the business of beef and • Meatpacking capacity cattle trading 3.750 Heads/month 2016 • Further processing production capacity 1.600 Tons/month 2012 – 2013 • Acquired Salatiga factory • Feedlot capacity and cold storage to 8.000 Heads of cattle manufacture frozen dough • Cold storage capacity Collaborated with KIBIF 1995 products under the KIPAO 3.000 Tons Founder in selling KIBIF Brand • Delivery capacity products to Supermarkets • Certified ISO 9001-2015 (refrigerated trucks) KIBIF Brand was registered (Quality Management 3.600 Tons/month by the Founder, Mr. Juan System) • KIBIF Brands are available Permata Adoe – the first in all 5 Major Islands in Beef Commodity brand in Indonesia Indonesia • Obtained import permit for Live Cattle 14
Road Map 2021: 2019: (Start Go Public) No. 1 in Frozen Bakery Category National Expansion & Starting the Digital Transformation • Strengthen same day delivery capability to smaller cities • 10 Retail Distribution Center • Double frozen bakery capacity at • Start B2B and B2C e- Subang production Centre commerce • Acquisition of fish or chicken • Subang Production Centre processing to strengthen the with capacity of 2.000 diversification Dec 2023: mt/month (incl chicken & • Enter dairy business fish processing Top 3 Frozen Food • Acquisition of feedlot for Company and ready to centre of partnership with Challenge the Top 2 small farmers small farmers • Set minimarkets as one of 2022 major next growth sources A Strongly Diversified • Double the capacity of Frozen Food Company: Salatiga frozen dough and Beef, Chicken, Fish dim sum Processing and Frozen Bakery 2020: No. 1 Retail Cold Chain Logistic Company Bond/Sukuk Issuance: • Retail Distribution Center at all major cities in Indonesia and ready for same day delivery at those areas • TokoKIBIF.com starts operation • Chicken and fish processing start operation • Feedlot capacity upgraded to 10.000 heads
Subang Plant Beef Cattle Beef Cattle • • Land Area: 20 ha (used land 5 ha) • • Meatpacking Production Capacity: 3750 Heads of cattle per month • • Feedlot Capacity: 8.000 Heads • • Portioning Production Capacity: 20 Tons/Day • • Other Processing Production Capacity: 2 Tons/Day • • Products: Live Cattle, Chilled & Frozen Beef, Portion Cuts, Meatballs • • On Going Contruction Factory of 1.2 hectares area for Processing Food (Capacity : 2000 Factory of 1.2 hectares area for Processing Food (Capacity : 2000 tons per month) dan Cold Storage (Capacity : 3000 Tons per month)
Cikarang Plant Packing IQF Machine Cold Storage • • Land Area: 0.5 ha • • Processing Production Capacity: 20 Tons/Day • • Cold Storage Capacity: 450 Tons • • Located in industrial area and easy access to toll roads and important suppliers • • Products: Minced Beef, Delicious Meat, Sausages
Salatiga Plant Production Packing • • Land Area: 5 ha • • Processing Production Capacity: 12 Tons/Day • • Cold Storage Capacity: 200 Tons • • Products: Frozen dough, Dimsum • • On Going Contruction for Raw Material Warehouse of 1500m area (capacity : 300 Tons)
Product Portfolio
Awards and Achievements Certifications : 5 5 Halal Certification Halal Certification Halal Certification YUM! Certification (T II) YUM! Certification (T II) YUM! Certification (T II) 6 6 2 2 NK Certification NK Certification NK Certification Badan POM Certification Badan POM Certification Badan POM Certification Awards : ISO 22000 Certification ISO 22000 Certification ISO 22000 Certification 3 3 • The Best Fresh Supplier Award from Transmart Carrefour • The Best Fresh Supplier Award from Hero Supermarket Tbk (2013) 4 4 • The Best Supplier Award from Super Indo ISO 9001 Certification ISO 9001 Certification ISO 9001 Certification Supermarket (2012)
FINANCIAL HIGHLIGHT
Performance Graphic 2015 - 2018
Performance Graphic 2015 - 2018
FINANCIAL HIGHLIGHT 3Q-2019
(in Bio) 2018 3Q 2018 3Q 2019 QOQ (%) Sales 641,9 641,9 903,3 40,7% Gross Profit 136,2 28,1 62,8 123,5% Net Income 30,8 21,0 46,3 120,5% 40,7% 123,5% 120,5%
Revenue Target 2019 is IDR 1.2tn
Net Income Target 2019 is IDR 60Bn
Thank You
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