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.
Business Result
Statements of Income
Rp Billion 1Q2017 1Q2016 Balance %Growth
Net Sales 731,353 611,575 119,778 19.6%
COGs 444,896 372,146 72,750 19.5%
Gross Profit 286,457 239,429 47,028 19.6%
Operating Expenses 188,814 162,988 25,826 15.8% Operating Income 97,642 76,441 21,201 27.7%
Net Income 73,047 54,782 18,265 33.3%
Comprehensive Income 64,147 37,982 26,165 68.9% Basic Earnings per Share (in Rp) 363 272 91 33.5%
Statements of Financial Position
Rp Billion Mar 31, 2017 Dec 31, 2016 Balance %Growth Current Assets 1,285,630 1,174,482 111,148 9.5% Non-Current Assets 1,037,787 1,010,619 27,168 2.7% Total Assets 2,323,417 2,185,101 138,316 6.3% Current Liabilities 267,118 223,305 43,813 19.6% Non-Current Liability 208,993 178,637 30,356 17.0%
Equity 1,847,306 1,783,159 64,147 3.6%
Total Liabilities & Equity 2,323,417 2,185,101 138,316 6.3% Net Working Capital 1,018,512 951,177 67,335 7.1% Issued Shares (in number of shares) 201,066,667 201,066,667 201,066,667
Statements of Cash Flows
Rp Billion 1Q2017 1Q2016 Balance %Growth
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%
Net Sales by Category
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%
Others
6,640
9,220
-2,580
-28.0%
Net Sales By Segment
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%
Sales by Region and Segments
260,479 320,724 194,591 248,300 149,582 157,437
1Q2016
1Q2017
Hair Care
Skin Care & Makeup
Fragrance
27.6%
23.1%
76.4%
23.6%
Domestic
Export
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.
MID-5
Challenge, Change, Innovation
(Continuously Performing)
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
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
Express Your Truly Asian Beauty
Fragrance
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
Fragrance grew by 5.3 % y-o-y driven by Male
Financial Ratios
*stock price : Mar 31
5.0% 4.8%
3.1% 4.0%
1Q2014 1Q2015 1Q2016 1Q2017
Return o Equity
4.0%
3.2%
2.5%
3.1%
1Q2014 1Q2015 1Q2016 1Q2017
Return on Assets
17.5%
16.4%
19.2%
17.2%
1Q2014 1Q2015 1Q2016 1Q2017
EBITDA Margin
312 310 272 363
1Q2014 1Q2015 1Q2016 1Q2017
Earning per Share
Rp6,196 Rp6,435
Rp8,716 Rp9,186
1Q2014 1Q2015 1Q2016 1Q2017
BVPS
2.7%
1.9% 2.3%
2.7%
1Q2014 1Q2015 1Q2016 1Q2017
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
CORPORATE
SECRETARY/PR-INVESTOR RELATIONS
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