JAKARTA, 16 March 2017 – PT Aneka Gas Industri, Tbk. (“AGII”) today released audited financial statements for the year ended on 31 December 2016.
Financial Highlights and Operational Indicators
AGII generated higher net revenue for the full year ended on December 31, 2016 of Rp224.695 million or around 15.75% to Rp1,651,136 million from Rp1,426,441 million for the full year ended on December 31, 2015. This higher net revenue was mainly due to the increase in gas product sales of Rp181,660 million or around 13.87% to Rp1,490,983 million that derived from volume growth of around 17.27%. Sales price of industrial gas throughout 2016 declined as a result of the impact from the product mix. However, equipment and services sales increased by Rp43,035 million or 36.75% to Rp160,153 million. This sales increase respectively derives from the start of operations from new plants in Java and outside of Java, thereby increasing the Company’s installed capacity volume by 29% (compared to that in 2015) as well as the rising demand from the medical sector in line with equipment installation associated with medical gases. The sales growth contribution in 2016 was mostly backed by the medical, infrastructure as well as the consumer goods sector, which accounted for around 25%-30% compared to 2015.
As a result of the significant sales growth, the Company also registered improved profitability ratios, namely in terms of its gross profit margin, EBITDA margin, EBIT margin and net profit margin for the year, which was respectively at 46.24%, 32,91%, 20.68%, and 3.89%.
The Company’s solvency ratio improved in 2016 compared to the previous year, which was caused by the Company’s total loans that registered a net decrease of Rp295 billion to Rp2,221,785 million thereby the Interest-bearing Debts/Equities ratio and Net Debts/Equities ratio as well as Interest-bearing Debt to EBITDA and Net Interest-bearing Debt to EBITDA improved respectively to 0.95x, and 0.78x as well as 4,71x and 3,84x. As a result, the Company still has ample room to utilize additional loans based on the financial covenants contained in our bank’s loan facility to date.
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 and is majority owned by the Samator Group.
As of 31 December 2016, AGII had 44 industrial gas plants and 80 filling stations in 22 provinces across Indonesia.
For more information, please contact :
Rachmat Harsono – Aneka Gas Industri
Tel: (62-21) 8370 9111
Email: [email protected]
Tel: (62-21) 8370 9111 ext. 117
Email: [email protected]