PT PANORAMA SENTRAWISATA, Tbkpanorama-sentrawisata.com/wp-content/uploads/2017/05/CIMB-10th-Annual-Indonesia... · STRUKTUR ORGANISASI ORGANIZATION STRUCTURE ... Hotel Vouchers (Component)

Company ProfilePT PANORAMA SENTRAWISATA, Tbk

INVESTMENT OVERVIEW

INDUSTRY OUTLOOK

COMPANY PROFILE

FINANCIAL HIGHLIGHTS

BUSINESS STRATEGIES

More than 43 years experiences in Tourism Industry

1

Well positioned to benefit from Indonesia’s fast growing tourism industry (offline and online distribution channel)

2

3

Indonesia’s only and largest Integrated Tourism Companywhich focuses on Tourism and Hospitality, supported by 5business

Partnership with Global Leading Companies, such as Carlson Wagonlit Travel, Chan Brothers, Reed Elsevier, Carlson Rezidor Hotel4Robust Growth with 16 % and 21 % CAGR of Sales and EBITDA, respectively, in the past ten years5

INVESTMENT OVERVIEW

INDUSTRY OUTLOOK

COMPANY PROFILE


BUSINESS STRATEGIES

Industry Outlook: INBOUND

• Pro-Tourism Government

• Tourism sector is projected to be the number one foreign exchange contributor by 2019

• Free VISA policy to Indonesia for 169 countries

• Tourism Authority to build 10 New “Bali” Destinations

• Big marketing and promotional budget from Ministry of Tourism USD 100 million (2015) to become USD 400 million (2016)

www.panorama-sentrawisata.com

Industry Outlook: TRAVEL & LEISURE

• Strenghtening of Rupiah to most of other currencies

• More development on Millenials (Youth market/Gen-Y)

• Implementation of Tax Amnesty, Better Economy Growth, Better Income, More Spending

• Weakening of Oil Price


Industry Outlook: MEDIA

• New developments of venue Exhibitions in several region such as ICE (Indonesia Convention Exhibition), Serpong

• Cities outside Jakarta being developed as MICE destination

• Indonesia as a huge potential market for consumer goods, lifestyle, and business opportunities

• The establishment of the Special Promotion Board to handle MICE (INACEB)

• MICE Tourists spend 3 times more than Leisure Tourists


Industry Outlook: HOSPITALITY

• Travelling has become a lifestyle

• More hotel rooms are needed inline with the growth of the Tourism industry (20 million Foreign Tourist and 275 million Domestic Tourist Movements in 2019)

• Better connectivities, better accessibilities and new destinations provide new opportunities


INVESTMENT OVERVIEW

INDUSTRY OUTLOOK

COMPANY PROFILE


BUSINESS STRATEGIES

Panorama:

Focusing on Core Businesses with technology based integration

www.panorama-sentrawisata.com www.panorama-sentrawisata.com

STRUKTUR ORGANISASIORGANIZATION STRUCTUREwww.panorama-sentrawisata.com www.panorama-sentrawisata.com

Inbound

• Panorama Destination

• Asia World Indonesia

Travel & Leisure

• Panorama Tours• Panorama

Tours.com• Chan Brothers

Travel Indonesia• MG Bedbank• Rajakamar.com• TurEZ• Smart Holiday• J-Travl• Go Holidays• Travelicious.co.id• Orange

• Carlson Wagonlit Travel Indonesia

• Chan Brothers Travel

• Carlson Wagonlit Travel

Subsidiaries Associated Companies Strategic Partner Alliance

Transportation

• White Horse Group

• DayTrans• Joglosemar• Canary• Europcar

Indonesia• GrayLine Jakarta

• GrayLine• Europcar

Media

• Panorama Publication

• Panorama Magazine

• Get Lost Magazine• Panorama Events

• Reed Panorama Exhibition

• Reed Elsevier

Hospitality

• The 1O1 Yogyakarta Tugu

• Carlson RezidorHotel Group

Business Networks

Strategic Partners


http://www.grayline.com/

http://www.grayline.com/

BEACH CRUISING CULINARY CYCLING

HONEYMOON

& WEDDINGS

TAILOR MADE

ITINERARIESFAMILY GOLF

WELLNESS

& SPADIVING &

SNORKELLINGEXPLORATION TREKKING

Inbound’s Product


Inbound’s Fleet


Travel & Leisures’s Outlets


Panorama Tours outlets were focused on urban market. Most of them are located at Premium Shopping Malls or Office Building.

Panorama World and Panorama Express were designed to tap middle-class market in emerging cities. Most of them are located at Shop-Houses.

Travel & Leisures E-Commerce


Media

MINING & ENGINEERING

I N D O N E S I A


HospitalityThe 1O1 Yogyakarta Tugu

Start of Operation : June 2014 Acquired : Q3 2015Land Size / Building Size : 2,185 sqm / 9,273 sqmNo of Room Bays / Keys : 156 / 150Location : Yogyakarta, DIYFacility : Restaurant & Lounge Bar, Gym & Spa, Swimming Pool, Meeting Room


Great Performing Brand in Social Media for Tour & Travel Category

Social Media Award2015

Superbrands Indonesia 2014-2015

Indonesia Travel & tourism Awards (ITTA) 2014-2015

Most Valued Brand 2016

The Best in Building & Managing corporate Image

Corporate Image Awards (IMAC) 2008-2015

Service Quality Awards 2016

Remark: Other awards from vendors and industry are not included. Above awards are won from respected medias, international award committees. Above awards were given during 2012 – 2016, some were won consecutively.

Panorama’s Credential


Rekor BisnisIndonesia 2015

50 Best of The Best Company 2014 - 2016

INVESTMENT OVERVIEW

INDUSTRY OUTLOOK

COMPANY PROFILE


BUSINESS STRATEGIES

29 45 53 58

75

116 145

202

247

195

245

-

50

100

150

200

250

300

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 *

BIL

LIO

NS

EBITDA

890 1,191

1,647 1,525 1,782

2,064

2,584 2,642

3,446 3,756

4,752

-

1,000

2,000

3,000

4,000

5,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 *

BIL

LIO

NS

Sales (Gross Revenue)

10 Years Performance


* 2016 Figures Annualized

Result Highlights

Description H1 2015*Un-Audited

H1 2016Un-Audited

Change % Change

Sales (Gross Revenue) (Rp Billion) 1,994 2,376 382 19.1 %

Net Revenue (Rp Billion) 1,097 1,185 87 7.9 %

Operating Income (Rp Billion) 70 89 19 27.7 %

Net Income (Rp Billion)** 22 23 1 2.7 %

Earnings per Share (Rp) (annualized) 37.52 38.53 1.01 2.7 %

• Consolidation include WEHA (based on Last Year Financial Report)** Attributable to Parent Company*** Statement of Financial Position as at 31 December 2015

• Earnings per Share on H1 2016 increase by 2.7 % compare with H1 2015• Sales (Gross Revenue) on H1 2016 reported Rp 2,376 Billion , increase by 19.1% compare with H1 2015• The biggest Sales contributed from Travel & Leisure Pillar with the implementation of digital information

technology and supported with Government’s Priority Programs for Tourism, the weakening of oil price, and theappreciation of Rupiah

• The newly acquired Inbound company helped increase Sales (Gross Revenue)

2015***Audited

H1 2016Un-Audited

Change % Change

Shareholders’ funds (Rp Billion) 190 364 174 91.6 %

Book Value per Share (Rp) 158.25 303.13 144.88 91.6 %


Consolidated Balance Sheet

Description(In Rp Billion )

2015Audited

H1 2016Un-Audited

Change % Change

Cash and Cash equivalent 101 142 41 39.7 %

Restricted Time Deposit 21 21 0 1.9 %

Trade Account Receivables 303 335 32 10.5 %

Property and Equipment-net 811 978 167 20.6 %

Other Assets 510 695 185 36.5 %

Total Assets 1,746 2,171 425 24.4 %

Short-term Debt 222 231 9 4.0 %

Trade Account Payables 230 296 66 28.5 %

Due from Related Parties 37 7 (30) (81.2) %

Long-term Debt 613 756 143 23.4 %

Other Liabilities 231 261 30 13.3 %

Total Liabilities 1,333 1,551 218 16.4 %

Equity attributable to Parents Company 190 364 174 91.6 %

Non-controlling Interest 223 256 33 14.9 %

Total Equity 413 620 207 50.1 %

Net Debt 713 824 111 15.6 %

• There are signifcant changes of Assets and Equity due to Assets Revaluation on Q2 2016• The increase of Debt used to finance working capital• Panorama’s Net Asset value per shares amounted to Rp 303.13 in H1 2016, 91.6% higher compare to the end of

2015.


Q on Q Performance Result

351.41 406.66 458.79

666.78 690.69 725.73

462.53 456.81

475.32 368.98

2014 2015 2016

Net Revenue

Q1 Q2 Q3 Q4

75.98 89.77 113.29 119.34 118.81

148.66 86.45 85.99

106.83 104.98

2014 2015 2016

Gross Profit

Q1 Q2 Q3 Q4

7.50 8.26 12.18

14.00 14.25 10.93

15.60 10.95

9.01 15.55

2014 2015 2016

Net Profit

Q1 Q2 Q3 Q4

Q12014

Q22014

Q32014

Q42014

Q12015

Q22015

Q32015

Q42015

Q12016

Q22016

Gross Profit Margin 22% 18% 19% 22% 22% 17% 19% 28% 25% 20%

Operating Profit Margin 6.5% 6.7% 5.2% 6.2% 6.0% 6.6% 6.2% 2.7% 8.3% 7.1%

Net Profit Margin 2.3% 2.5% 3.8% 3.7% 2.1% 3.1% 2.9% 2.0% 2.9% 2.4%

0%

5%

10%

15%

20%

25%

30%

Profitability Margin

1,956 1,923

2,50030%

389 400

62155%

46 49

7247%


Gross Revenue based on Pillars H1

Gross Revenue(In Million Rupiah)

H1 2015Un-Audited

H1 2016Un-Audited

% Change

Inbound 147,680 194,198 31.5 %

Travel & Leisure 1,756,838 2,159,700 22.9 %

Media 3,658 5,865 60.3 %

Hospitality & Others 4,363 16,226 271.9 %

Transportation 81,699 - N/A

Sales (Gross Revenue) 1,994,238 2,375,989 19.1 %

8%

88%

0%0% 4%

H1 20158%

91%

0% 1%H1 2016


14%

78%

0%0% 8%

H1 2015

Net Revenue based on Pillars H1

Net Revenue(In Million Rupiah)

H1 2015Un-Audited

H1 2016Un-Audited

% Change

Inbound 147,680 194,198 31.5 %

Travel & Leisure 859,953 968,233 12.6 %

Media 3,658 5,865 60.3 %

Hospitality & Others 4,363 16,226 271.9 %

Transportation 81,699 - N/A

Total Net Revenue 1,097,353 1,184,522 7.9 %

16%

82%

1% 1% 0%

H1 2016


Inbound• Inbound Pillar, Growth of Sales (Gross Revenue) catalyst such as 169 countries free visa granted policy and

massive marketing for tourism by Government. The newly acquired an Inbound company contributed more than30% to the Sales (Gross Revenue).

JAN-JUN 2015 JAN-JUN 2016 Increment

Sales (in Million) Rp 147,680 Rp 194,198 31.5%

Pax handled 52,933 77,350 46.1%

Increment of incoming foreign tourist in Indonesia Jan-Jun 2016 compare to Jan-Jun 2015 *

5.9%

10%5%

61%

3%2%

19%

PDES HANDLED PAX JAN-JUN 2016

10%

6%

64%

1%

1%18%

PDES HANDLED PAX JAN-JUN2015

• Asia Pacific• Asean• Europe• America• Middle East/Africa• Others

Note : * source data from BPS and processed by the Company


75.2% 73.2%

24.8% 26.8%

H1 2015 H1 2016

Breakdown Sales based on Distribution Channel

Offline Online

21.8% 24.2%

78.2% 75.8%

H1 2015 H1 2016

Breakdown Sales based on Market

Retail Corporate

Travel Leisure• Travel & Leisure Pillar, Growth Sales (Gross Revenue) catalyst such as higher purchasing power from customers,

weakening of oil prices, and the use of technology both for marketing and distribution channel.

JAN-JUN 2015 JAN-JUN2016 Increment

Sales (in Million) Rp 1,756,838 Rp 2,159,700 22.9 %

Airline Tickets (Component) (in pax) 194,812 259,630 33.3 %

Increment of domestic and international passenger in Indonesia * 14.7 %

Hotel Vouchers (Component) (in room nights) 440,322 616,303 40.0 %

Increment of total hotel room nights in Indonesia * 14.6 %

Specialist (Tour Packages) (in pax) 44,246 47,977 8.4 %

Note : * source data from BPS and processed by the Company


Media52%

Event48%

JAN-JUN 2015

18

8

20

10

2015 2016*

Event Handled

Jan-Jun Jul-Dec

Media

• Pilar Media, booked Sales (Gross Revenue) ofRp 5.9 Billion for Jan-Jun 2016, experiencingsignificant increase by 60.3% compare to Jan-Jun2015 recorded at Rp 3.7 Billion.

• Total Sales from Event projected to Rp 14.4Billion in 2016, increase by 65.5% compare to2015

* Jul-Dec 2016 based on projection

Media44%

Event56%

JAN-JUN 2016


20 30 40 50 60 70 80 90

1O1 YOGYAKARTA

DI YOGYAKARTA

INDONESIA

3 STAR HOTEL

4 STAR HOTEL

Occupancy Rate 2016

Jan Feb Mar Apr Mei Jun

20 30 40 50 60 70 80 90

1O1 YOGYAKARTA

DI YOGYAKARTA

INDONESIA

3 STAR HOTEL

4 STAR HOTEL

Occupancy Rate 2015


Hospitality & Others

• Hospitality & Others Pillar, booked Salesincrement of 17.8% become Rp 11.95 Billion onJan-Jun 2016 compare to Jan-Jun 2015amounted Rp 10.14 Billion

• Average Occupancy Rate in the first half of 2016around 72% compare to the first half of 2015which around 69%

Source: BPS and processed by the Company

54.41 64.93

54.09

71.31

89.59

77.13

63.51 71.01

75.51 83.73 84.02

54.31


Occupancy Rate THE 1O1 Yogyakarta Tugu

2015 2016


INVESTMENT OVERVIEW

INDUSTRY OUTLOOK

COMPANY PROFILE


BUSINESS STRATEGIES

To expand the operation networks and market accessto tap the growing demands in the Indonesia domesticsource market.

1

To strengthen and widen the MICE businessesby launching and acquiring new exhibitions.

2

3

Panorama’s Grand Strategies for 2016 - 2017

To strengthen capital structure through Asset Revaluation,to explore cooperation with strategic partners, and toexplore an opportunity for a Right-Issue plan in H1 2017with fund target of Rp 300 – 500 Billion

To synergize all business pillars through Information &Technology.

4

5

Panorama’s Grand Strategies for 2016 - 2017

To expand the hospitality sector in various touristdestinations as well as emerging cities aroundIndonesia.6

To improve and upgrade the quality andprofessionalism of the human resources to meet theinternational standard in the tourism industry.

For further information please contact:PT . Panorama Sentrawisata Tbk

Corporate SecretaryPanorama Building 6th floor,Jl. Tomang Raya no. 63Jakarta Barat 11440T : +62 21 25565000F : +62 21 25565055E: [email protected]

[email protected] : www.panorama-sentrawisata.com

mailto:[email protected]

mailto:[email protected]

http://www.panorama-sentrawisata.com/

PT PANORAMA SENTRAWISATA, Tbkpanorama-sentrawisata.com/wp-content/uploads/2017/05/CIMB-10th-Annual-Indonesia... · STRUKTUR ORGANISASI ORGANIZATION STRUCTURE ... Hotel Vouchers (Component)

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