02 May 2018

AGII Q1 2018 Press Release

AGII’s Q1 2018 Net Income Up Over 10% Y-O-Y totaling over Rp 30 billion

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JAKARTA, May 1, 2018 – PT Aneka Gas Industri, Tbk. (Stock Code: AGII.JK) released its unaudited financial statements for the first quarter of 2018 (Q1 2018) with net income growth exceeding 10% to reach over Rp 31 billion (Profit for the Period Attributable to Owner and Parent Entity was over Rp26 billion) and is reflective of the Management’s right strategic direction. Some of the key highlights of Aneka Gas’ Q1 2018 financial performance are as follows:

Key Highlights
• Q1 2018 sales grew 13% due to 10% volume growth sales.
• Overall margins improved due to favorable contribution from the retail and medical sectors.
• AGII looks to be on track to achieve its target of building 11 new filling stations for the full year and has added 1 (one) filling station during the first three months of this year.
• Incurred over Rp 38 billion of CAPEX targeted for FY 2018 that was allocated for the building of the new filling station and maintenance.
• Q1 2018 net profit after tax attributable to shareholders amounted to Rp26 billion compared to Rp 23 billion for the same period during 2017.
• Q1 2018 Gross Margin amounted to 47%.
• Q1 2018 Net Margin remained around 6% which is similar to the same period last year.
• Total assets as of March 31, 2018 amounted to Rp 6.5 trillion which was slightly higher than in Full Year 2017.
• DER improved slightly to 0.76x for Q1 2018 compared to the same period in 2017.

13% Sales Growth

AGII’s 10% increase in net income was preceded by over 13% sales growth for Q1 2018 of Rp 490 billion compared to Rp 432 billion in the same period in 2017.
Rachmat Harsono, the Vice President Director of PT Aneka Gas Industri Tbk, stated that, “Compared to the challenges that we faced in Q1 2017, overall, Aneka Gas Industri’s Q1 2018 performance was significantly better. We witnessed that in Q1 2018, the main drivers for our growth were retail (24%), medical (25%), and consumer goods (19%) sectors and is reflective of the favorable conditions experienced in the first three months of the year as well as our ability to implement the right strategy overall.”

Solid Financial Position

Total assets of the Company in Q1 2018 is Rp 6.5 trillion while total liabilities were approximately Rp 3.0 trillion. Total equity amounted to Rp 3.4 trillion in Q1 2018. AGII continues to place specific emphasis on maintaining the right balance between its assets and liabilities while maintaining the equity needed to ensure sustainable growth.

Sustainable Profit Margins

AGII’s gross profit margins was higher at 47% in Q1 2018 while Operating Profit (EBIT) margin amounted to above 20%. The Company’s EBITDA margin increased to 33% in Q1 2018 while Net Margin remained at around 6% compared to the same period in the previous year.

Rachmat Harsono added that,” During Q1 2018, we have successfully completed 1 (one) new filling station that brings the total number in our inventory to 92 filing stations overall. We are looking to be on track to achieve our full year target of 11-15% sales growth, 15%-20% EBITDA growth and 30% net profit growth. Our achievements to date are in line with our overall plan to complete 11 new filling stations for this year and serves as our commitment to maintain our position as the market leader in Indonesia.”

In closing, Rachmat Harsono stressed that, “I am fully confident that AGII will continue to perform positively despite the challenging business environment evidenced by our increasing sales volumes & margins. The current emphasis on infrastructure development in Indonesia provides us with a great opportunity to further expand our presence by building new filling stations, particularly outside of Java. As a result, Aneka Gas will be able to obtain a significant bigger market share in line with our vision to be the most desirable company that continuously grows and expands by utilizing natural resources for the benefit of life. We will continue to embark on efforts and initiatives aimed at improving productivity by employing the right strategy.”

Some of the key events that took place in Q1 2018 included the following:
• Opened 1 new filling station.
• In terms of sales breakdown, Retail accounted for 29%, Medical 24%, Consumer Goods 18%, Infrastructure 20%, and Other manufacturers 9%.
• In terms of method of delivery, 77% of AGII’s sales comprises of Bulk (42%) and Cylinder (25%).
• In terms of market positioning, Aneka Gas Industri still retains its position as the industry leader with the biggest market share in the production/distribution of air gas & non-air-gas products in Indonesia.

About PT Aneka Gas Industri Tbk:
PT Aneka Gas Industri Tbk (“AGII”), is the largest industrial gas company in Indonesia and is engaged in four business lines, namely: 1) industrial gas production, 2) industrial gas trading, 3) industrial gas equipment trading and 4) industrial gas equipment installation.
AGII is publicly listed on the Indonesian Stock Exchange (IDX) and is majority owned by the Samator Group.
As of December 31, 2017, AGII had 44 industrial gas plants and 91 filling stations in 23 provinces across Indonesia.

For more information, please contact:
Corporate Secretary

Rachmat Harsono – PT Aneka Gas Industri Tbk
Tel: (62-21) 8370 9111
Email: [email protected]

Investor Relations
Edison Bako
Tel: (62-21) 8370 9111 ext. 117
Email: [email protected]

This press release has been prepared by PT Aneka Gas Industri Tbk. (“AGII”) and is circulated for the purpose of general information only. It is not intended for any specific person or purpose and does not constitute a recommendation regarding the securities of AGII. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this release constitute our judgment as of this date and are subject to change without prior notice. AGII disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this press release and neither AGII nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission here from which might otherwise arise.

Forward-Looking StatementsCertain statements in this release are or may be forward-looking statements. These statements typically contain words such as “will”, “expects” and “anticipates” and words of similar import. By their nature, forward-looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that could cause actual results to differ include, but are not limited to, economic, social and political conditions in Indonesia; the state of the property industry in Indonesia; prevailing market conditions; increases in regulatory burdens in Indonesia, including environmental regulations and compliance costs; fluctuations in foreign currency exchange rates; interest rate trends, cost of capital and capital availability; the anticipated demand and selling prices for our developments and related capital expenditures and investments; the cost of construction; availability of real estate property; competition from other companies and venues; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training, governmental and public policy changes; our ability to be and remain competitive; our financial condition, business strategy as well as the plans and remediation. Should one or more of these uncertainties or risks, among others, materialize, actual results may vary materially from those estimated, anticipated or projected. Specifically, but without limitation, capital costs could increase, projects could be delayed and anticipated improvements in production, capacity or performance might not be fully realized. Although we believe that the expectations of our management as reflected by such forward-looking statements are reasonable based on information currently available to us, no assurances can be given that such expectations will prove to have been correct. You should not unduly rely on such statements. In any event, these statements speak only as of the date hereof, and we undertake no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.