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PT CARSURIN Tbk Public Expose 16 November 2023
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Highlights Business Strategy Operation Financial Highlights Disclaimer This report and any electronic access hereto are restricted and intended only for the clients and related entities of PT CARSURIN Tbk. This report is only for information and recipient use. It shall not be reproduced, copied, or made available to others. Under no circumstances shall this document be considered as a selling offer or solicitation of securities buying. PT CARSURIN Tbk, its affiliated companies, officers and employees are held harmless from any responsibility and liability for claims, proceedings, actions, losses, expenses, damages, or costs filed against or suffered by any person as a result of acting pursuant to the contents hereof. Neither is PT CARSURIN Tbk, its affiliated companies, officers nor employees liable for errors, omissions, misstatements, negligence, or inaccuracy contained herein. All rights reserved by PT CARSURIN Tbk
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Highlights Business Strategy Operation Financial Highlights
Company
Overview
© PT CARSURIN Tbk – 2023 – All Rights Reserved
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Highlights Business Strategy Operation Financial Highlights
What is TIC? Testing, Inspection & Certification (TIC) Services
Shielding Against Risk & Ensuring Products & Services Meet Safety, Quality, And Regulatory Standards
ROLE OF TIC:
Trusted Partner for Key Ensuring Product
Empowering Mitigating Business & Protector of Safety, Quality, &
Global Trade Risk Government Consumers Compliance
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Highlights Business Strategy Operation Financial Highlights
TIC in The Supply Chain
Shipper Logistics Buyer
Regulatory
Seller Producer Transportation
Authority
End
Consumer
Distributor Retailer
Manufacturer Government
Financial Institution Insurance Company
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CAGR
• 2017-2022: 14%
• Established 1968
• Driven By Core Values Labs & Offices
• 1ˢᵗ TIC Indonesian Company to Tbk • 20 Branch Offices
• Market Leader • 17 Laboratories
Team
• Competent & Professional Products & Deliverables
• 900+ Team Members • Certificates & Reports
• Internal Audited • Data Analysis
55+ Years of Knowledge & Experience
Accreditation • Local & Market Knowledge
• TIC Council Membership • Mitigating Risks
• ISO & KAN Accredited • Technical & Non-Technical Issues
• Customized Solutions
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Highlights Business Strategy Operation Financial Highlights
Milestones
1968 1969 1979 1992 2001 2002 2007 2008
Company Qualitative First coal export First dedicated ISO 9001 ISO/IEC: ISO 14001 Government license
founded
analysis of bulk & shipment laboratory & certification 17025 OHSAS 18001 for export
break-bulk goods remaining certification certification verification
(RI Trade Ministry)
2023 2019 2018 2015 2013 2011 2010
Progressive: Safety: 6.5 ISO/IEC 17065 Online Systems: 1st Indonesian ISO/IEC
Launch innovative million safe work Certification Operations & labs private co. 17020
technology UAV hours without LSPro fully integrated w/ full TIC Certification
services LTI accreditation online across Council
Indonesia membership
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Highlights Business Strategy Operation Financial Highlights
Our Shareholders
50,04%
Sheila Tiwan 29,48%
Flora Regian
20,48%
Public
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Highlights Business Strategy Operation Financial Highlights
Business
Strategy
© PT CARSURIN Tbk – 2023 – All Rights Reserved
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Highlights Business Strategy Operation Financial Highlights Industry Outlook
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Highlights Business Strategy Operation Financial Highlights
Growth Opportunities
Green Economy Blue Economy Energy Transition
Climate Change Mitigation EV Ecosystem
Environmental Testing Ni Ore Value Chain Marine Infrastructure Energy Efficiency Audit
Carbon Footprint EV Battery Testing Maritime Transport UAV Digital Transformation
GHG Certification Downstream Electrification Dangerous Goods Biofuels, PKS, GGL
Carbon Trading Human Resource Development
Services to Support Transforming the Economy Towards Resilient and Sustainable Economic Growth
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Highlights Business Strategy Operation Financial Highlights
Operation
Highlights
© PT CARSURIN Tbk – 2023 – All Rights Reserved
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Highlights Business Strategy Operation Financial Highlights Locations by Division & Branches v
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Highlights Business Strategy Operation Financial Highlights Branch Revitalisation - Before SAMARINDA KENDARI CIKARANG PALEMBANG JAMBI PONTIANAK MEDAN
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Highlights Business Strategy Operation Financial Highlights Branch Revitalisation - After SAMARINDA KENDARI CIKARANG PALEMBANG JAMBI PONTIANAK MEDAN
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Highlights Business Strategy Operation Financial Highlights
Financial
Highlights
© PT CARSURIN Tbk – 2023 – All Rights Reserved
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Highlights Business Strategy Operation Financial Highlights
Revenue – Service Type
SERVICE TYPE – YTD SEPTEMBER SERVICE TYPE – ANNUALLY
(IDR BILLIONS) (IDR BILLIONS)
500 500
400 400
300 300
200 200
100 100
0 0
YTD SEP 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
Service Type YTD SEP 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
Inspection 210.87 259.43 307.40 350.51 375.29
Testing 24.12 34.74 37.67 46.65 51.33
Certification 7.88 6.11 9.52 12.41 36.02
Consulting 4.93 5.79 7.72 11.83 35.10
Product Sales 1.05 6.88 1.05 8.65 9.26
Total Revenue 248.85 312.95 363.37 430.05 507.00
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Highlights Business Strategy Operation Financial Highlights
EBITDA & Net Profit
PROFITABILITY - YTD SEPTEMBER PROFITABILITY – ANNUALLY
(IDR BILLIONS) (IDR BILLIONS)
YTD SEP 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
507.00
500 500
430.05
400 400
363.37
312.95
300 300
248.85 227.24 240.82
200 200
183.48
150.94
113.30 93.44 91.98
100 100
73.79
44.90 63.02
27.86 67.21
18.07 30.56 48.71
53.26 49.05
10.59 18.69 30.21
0 0
YTD SEP 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
248.85 312.95 363.37 430.05 507.00
113.30 150.94 183.48 227.24 240.82
18.07 30.56 48.71 73.79 67.21
10.59 18.69 30.21 53.26 49.05
27.86 44.90 63.02 93.44 91.98
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Highlights Business Strategy Operation Financial Highlights
Margin
MARGIN – YTD SEPTEMBER MARGIN – ANNUALLY
(IN PERCENTAGE) (IN PERCENTAGE)
YTD SEP 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
60% 60%
52.84%
50% 48.23% 50.49% 47.50%
50%
45.53%
40% 40%
30% 30%
21.73%
17.16%
20% 20% 17.34% 18.14%
14.35%
11.20% 13.40% 13.26%
10% 9.76% 10%
7.26% 12.39% 9.67%
8.31%
5.97%
4.26%
0% 0%
YTD SEP 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
45.53% 48.23% 50.49% 52.84% 47.50%
7.26% 9.76% 13.40% 17.16% 13.26%
4.26% 5.97% 8.31% 12.39% 9.67%
11.20% 14.35% 17.34% 21.73% 18.14%
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Highlights Business Strategy Operation Financial Highlights
Cash Flow
CASHFLOW – YTD SEPTEMBER CASHFLOW – ANNUALLY
(IDR BILLIONS) (IDR BILLIONS)
YTD SEP 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
80 80
67.60
60 59.47 60.07 60.07
60 63.26
52.84
46.15
40 42.28
31.37
40
20
29.03 12.47 -
20 0 (7.22)
(14.78)
14.44 12.73 (18.90)
4.89
(25.32)
(1.60) 3.29 -20
0
(9.55)
-40
-20
(34.23)
-60
-40 (46.96) (84.79)
-80
-60 -100
YTD SEP 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
14.44 12.73 46.15 59.47 60.07
(9.55) (46.96) (14.78) (84.79) -
(1.60) 63.26 (18.90) 67.60 (7.22)
4.89 (34.23) 31.37 (25.32) 60.07
3.29 29.03 12.47 42.28 52.84
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Highlights Business Strategy Operation Financial Highlights
Cash Flow – YTD September 2023
CF Used in Investing
CF From Operating Activities Activities CF From Financing Activities
12.73 (46.96) 63.26
75.00
52.38
IDR BILLIONS
27.38
23.35
0.26
(3.24) (2.89) (3.14) (1.31)
(4.40)
(11.67)
(16.24)
(30.72)
Cash Cash Income Finance Others Acquisition Advance Stock Additional Short-Term Payment of Payment Cash End
Beginning From Taxes Costs Of FA For FA Issuance Paid-In Bank Consumer Of Lease Of
01-01-’23 Operations Paid Paid Purchasing Capital Loans Financing Liabilities 30-09-’23
Payables
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Highlights Business Strategy Operation Financial Highlights
Financial Position
ASSET, LIABILITIES & EQUITY - YTD SEPTEMBER ASSET, LIABILITIES & EQUITY – ANNUALLY
(IDR BILLIONS) (IDR BILLIONS)
YTD DEC 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
300 300
274.55
250 250
225.50
200 205.34 200
194.03
150 150
144.05
134.02 129.85
119.70 119.27
114.53 114.53
100 100
85.33 84.76 85.33 84.76
50 50
32.08 30.77 23.48 32.08 29.49
23.48 17.62 18.90
15.42
23.34
0 0
YTD DEC 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
85.33 134.02 85.33 129.85 194.03
84.76 119.70 84.76 144.05 119.27
23.48 17.62 23.48 18.90 15.42
32.08 30.77 32.08 29.49 23.34
114.53 205.34 114.53 225.50 274.55
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Highlights Business Strategy Operation Financial Highlights
Financial Ratio
ROE & ROA ROE & ROA
50%
50%
26.38%
26.38% 23.62%
17.87%
17.76% 17.76% 19.45%
12.14% 15.66%
9.82%
5%
5% 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
YTD DEC 2022 YTD SEP 2023
ROE 26.38% 23.62% 17.87%
ROE 26.38% 12.14% ROA 17.76% 19.45% 15.66%
ROA 17.76% 9.82%
DEBT TO EQUITY RATIO
2024
0.14 x
PROJECTION
YTD SEP
0.24 x
2023
2023
0.21 x
FORECAST
YTD DEC
0.49 x
2022
2022 ACTUAL 0.49 x
YTD DEC 2022 YTD SEP 2023 2022 ACTUAL 2023 FORECAST 2024 PROJECTION
DER 0.49 x 0.24 x DER 0.49 x 0.21 x 0.14 x
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Thank
You
© PT CARSURIN Tbk – 2023 – All Rights Reserved
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Q&A
© PT CARSURIN Tbk – 2023 – All Rights Reserved
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