Sales was recorded at Rp 1,252 billion or grew by 1.3% compared to preceding year.
Domestic sales managed to book growth of 11.1%, while export sales decreased by
20.6%.
Fragrance decreased by 9.2% compared to previous year due to limited supply of
products containing aerosol. However, non-DPS (aerosol) products maintained its
double digit growth in domestic market.
Hair care category performed positive growth during 2Q16. Hairstyling products such
as pomade were significantly compared to previous year.
Investor Brief 1H2016
(as of June 30)
Security code : TCID
Statements of Income
Rp Billion
1H2016
1H2015
Balance
%Growth
Net Sales 1,252,404 1,236,089 16,315 1.3%
COGs 750,418 780,551 -30,133 -3.9%
Gross Profit 501,986 455,538 46,448 10.2%
Operating Expenses 394,006 354,404 39,602 11.2%
Operating Income 107,980 101,134 6,846 6.8%
Net Income 77,610 505,975 -428,365 -84.7%
Comprehensive Income 56,254 472,157 -415,903 -88.1%
Basic Earnings per Share (in Rp) 386 2,516 -2,130 -84.7%
Statements of Financial Position
Rp Billion Jun 30, 2016 Dec 31, 2015
Balance
%Growth
Current Assets 1,108,309 1,112,673 -4,363 -0.4%
Non-Current Assets 977,767 969,424 8,343 0.9%
Total Assets 2,086,076 2,082,097 3,979 0.2%
Current Liabilities 214,377 222,931 8,554 -3.8%
Non-Current Liability 183,011 144,295 38,716 26.8%
Equity 1,688,688 1,714,871 -26,183 -1.5%
Total Liabilities & Equity 2,086,076 2,082,097 3,979 0.2%
Net Working Capital 893,932 889,742 4,190 0.5%
Issued Shares (in number of shares) 201,066,667 201,066,667 201,066,667
Statements of Cash Flows
Rp Billion
1H2016
1H2015
Balance
%Growth
Capital Expenditure 61,212 106,582 -45,370 -42.6%
Investor Brief 1H2016
Fourth Stage of the 3-Years Middle Range Management Planning (MID-4) 2014 -2016
2016 is the last year of MID-4. In this year the Company is targeting double digit growth
compared to previous year. In order to achieve the said target, the Company will increase
productivity, enhance product development, actively conduct advertising and promotion
activities to maintain consumer awareness, expand distribution area both domestic and
export, improve personnel’s skills, and strengthen quality and production system supported by
systematic working system. The Company expects not only to achieve the target of year 2016
but also Rp 3 trillion sales target in 2017.
Become The Real Global Company
Net Sales by Geographical Segment
Rp Billion
1H2016
1H2015
Balance
%Growth
Domestic 950,095 855,268 94,827 11.1%
Export 302,309 380,821 -78,512 -20.6%
Net Sales by Category
Rp Billion
1H2016
1H2015
Balance
%Growth
Men 643,324 581,274 62,050 10.7%
Women 591,054 625,358 -34,304 -5.5%
Others 18,026 29,457 -11,431 -38.8%
Net Sales by Segment
Rp Billion
1H2016
1H2015
Balance
%Growth
Skin Care & Make Up 431,389 417,959 13,430 3.2%
Hair Care 510,861 470,899 39,962 8.5%
Fragrance 294,164 323,902 -29,738 -9.2%
Others 15,990 23,329 -7,339 -31.5%
75.9% 24.1%
Domestic Export
470,899 510.861
417,959 431,389
323,902 294,164
1H2015 1H2016
Fragrance Skin Care & Make Up Hair Care
-9.2
3.2%
Sales of skin care & make up grew by 3.2% yoy throughout 1H16. Base makeup as the biggest contributor maintained its steady growth. As an effort to strengthen base makeup, PIXY just launched PIXY UV Whitening Two Way Cake Cover Smooth and also Pixy Aqua Beauty Protecting Mist for the skin care category. The launch of PIXY UV Whitening Two Way Cake Cover Smooth is supported by TVC and also several below-the-line activities.
Sales of fragrance decreased by 9.2% compared to previous year. The fire accident which occurred at the aerosol production line last year still affected the performance of this category. Therefore, to invigorate this category, the Company had carried out several efforts especially in non-aerosol products such as launching new fragrance for kids namely CHIBIKKO - Hello Kitty Spray Cologne, fragrance for women namely PUCELLE for Women Eau De Cologne, and displaying TV Commercial of GATSBY Urban Cologne in national television stations and social media.
Investor Brief 1H2016
New Product in 1H16 : GATSBY Executive Shape and
GATSBY Styling Pomade Supreme Hold (Water Base) TVC and Banner Adv. GATSBY Styling Pomade
New Skin Care product : PIXY Aqua Beauty Protecting Mist
Since launched in 2015, GATSBY Styling Pomade has a fantastic performance to drive Hair Care categories. Recorded, during 1H2016 Gatsby Styling Pomade grew over double digits compared to previous year. The Company maintains the effort to strengthen the products in the market by launching new GATSBY Styling Pomade Supreme Hold and displaying new TV Commercial (TVC) of GATSBY Styling Pomade at the national television stations as well as social media.
TVC and Banner Adv. GATSBY Urban Cologne New Product in 1H16 :CHIBIKKO – Hello Kitty
Investor Brief 1H2016
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 change without prior notice. Mandom Indonesia does not guarantee that any actions, which should have been taken in reliance on this report will bring specific result as expected.
*stock price : Jun 30 7.09% 7.85%
30.29%
4.60%
1H2013 1H2014 1H2015 1H2016
Return On Equity
5.90% 5.76%
24.43%
3.72%
1H2013 1H2014 1H2015 1H2016
Return On Assets
14.23% 13.94%
46.38%
12.80%
1H2013 1H2014 1H2015 1H2016
EBITDA Margin
388 470
2516
386
1H2013 1H2014 1H2015 1H2016
EPS
(in rupiah)
Rp5,477.3 Rp5,983.9
Rp8,305.2 Rp8,397.3
1H2013 1H2014 1H2015 1H2016
BVPS
3.52%
2.32%
1.97%
2.77%
1H2013 1H2014 1H2015 1H2016
