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PT ASTRA INTERNATIONAL TBK
First Half of 2026
Results Presentation
www.astra.co.id
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The materials in this presentation have been prepared by PT Astra International Tbk (Astra) and show general background information about Astra group (the Group)
business performances are current as at the date of this presentation and are subject to change without prior notice.
This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not
be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or
instruments and does not take into account their particular investment objectives, financial situation or needs. Before acting on any information, readers should
consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, readers should seek independent
financial advice.
Forward-Looking Statements
This presentation may contain forward looking statements, including statements regarding our intent, belief or current expectations with respect to the Group
businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices.
Readers are cautioned not to place undue reliance on these forward-looking statements; past performance is not a reliable indication of future performance. Astra
does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date
hereof to reflect the occurrence of unanticipated events. We disclaim any responsibility or liability whatsoever arising which may be brought or suffered by any
person as a result of acting in reliance upon the whole or any part of the contents of this report and neither Astra and/or its affiliated companies and/or their
respective employees and/or agents accepts liability for any errors, omissions, negligence or otherwise, in this report and any inaccuracy herein or omission here from
which might otherwise arise.
Consolidated Financial Information
The financial results for the three months ended June 30th 2026 and 2025, as well as the financial position as at June 30th 2026 have been prepared in accordance
with Indonesian Financial Accounting Standards and are unaudited.
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Strategy Roadmap
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Astra Strategy Roadmap
A mindset shift to deliver stable and sustainable TSR through greater focus, clarity, discipline, and commitment.
Focus on 3 Core Businesses that delivered 90% of group profit Pursue portfolio clarity for wider businesses:
each business to earn its place
Automotive Financial Services MSHE Invest Partner Reallocate
for growth with capabilities capital
Defend market share & grow Pursue ecosystem full Reinforce integrated mining value Strategic fit with Astra ecosystem Strategic fit with Astra ecosystem Limited ecosystem value
ecosystem profit beyond new potential chain & forge new growth engines Right to win on its own External capabilities required to win Unclear path to control
vehicle sales Path to leadership Path to leadership Underperforming assets
MSHE: Mining Solutions & Heavy Equipment
Capital Allocation: Increased discipline with clear framework Aligned leadership team committed to drive new strategy
5- Year Capital Deployment Capital Allocation Alignment with shareholders
• Maintenance capex • Absolute TSR-linked share-based long-term remuneration
• Dividends policy • Directors’ shareholding commitment
Buybacks • Growth investments and/or buybacks
Buybacks • Prudent gearing and investment grade rating
Dividends Market Engagement
• Revamped investor relations
Dividends Investment Considerations • Enhanced disclosure and engagement
Investment • Strategic fit or material standalone
Investment
• Continue world-class governance
• Required return above appropriate hurdle rate
Maintenance
Maintenance • Prioritise control or path to control
Capex
Capex
2021-2025 2026-2030 (Indicative)
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Financial Highlights
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Others
Financial Highlights 11%
41% Automotive
• Earnings growth in Automotive and Financial Services at 9% and 6%, respectively, offset by Net
weaker performance from Mining Solutions & Heavy Equipment Revenue
37%
• Repositioned the Group’s strategy to focus on three Core Businesses MSHE
• Announced new share buyback programmes of up to Rp8 trillion at Astra and Rp2 trillion at
United Tractors 11%
• Adopted a long-term management share ownership program (MSOP) Financial Services
• Earnings per share excluding non-recurring items decreased by 6% to Rp372 (down 18%
including non-recurring items)
Others
For the period ended 30th June 2026 11%
Automotive
Net Income MSHE
18% 40%
Excluding Non-Recurring Items Net Income
Excl. Non-
Rp14,892bn 7% Recurring Items
Net Revenue
Rp157,913bn 3% 31%
Net Income Financial Services
Rp12,533bn 19% MSHE: Mining Solutions & Heavy Equipment
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Segment Net Income
Consolidated Net Income Excluding Non-Recurring Items (In Rupiah billion)
Automotive
• Healthy unit growth from car sales
-7% • Strong contribution from components
+272 -2,318
+510
Financial Services
+6%
+9% • Higher contribution from larger loan portfolios
+387
-46% +31%
Mining Solutions & Heavy Equipment
• Minimal gold sales from Martabe Gold Mine. Operations resumed in
second quarter
• Lower national coal production quota (RKAB allocation) impacts
16,041
14,892 demand in heavy equipment and mining services businesses, as well
as lower coal mining volumes
Others
• Improved Agribusiness performance, supported by higher CPO
price and sales volume
• Contribution from newly acquired industrial warehouse platform
1H25 Automotive Financial
Services
Mining Solutions &
Heavy Equipment
Others
1H26
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Corporate Actions
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Corporate Actions 2026
Share Buybacks & Long-Term MSOP
• Since November 2025, Astra and United Tractors had completed a total of Rp7.4 trillion of
share buyback programmes as at end of June 2026, underscoring their commitment to
improving total shareholder returns. Astra further announced a new share buyback programme
of up to Rp8 trillion for a 12-month starting in July. United Tractors also announced a new share
buyback programme of up to Rp2 trillion for a 3-month period starting in July. These actions
reaffirm our disciplined capital allocation framework and commitment to enhancing long-term
shareholder returns.
• Astra has also adopted a long-term MSOP in July, further aligning management incentives with
long-term value creation.
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Business Update
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Automotive
• Net income from the Group’s Automotive business increased by 9% to Rp5.9 trillion, largely contributed by healthy unit growth from car sales
and strong contributions from Component division.
• 4W wholesale market increased by 16% to 437k units, while the Group’s sales increased by 10%. Toyota and Daihatsu continue to lead as the
first and second best-selling car brands in Indonesia, with the Group’s overall market share at 51%. 2W wholesale market increased by 1% to
3.1m units. Honda motorcycle sales also rose by 1%, with a strong market share of 77%.
• The Group’s Component division posted 23% higher net income contribution to Rp921 billion, with higher contribution from all segments.
4W WS Astra, k units 2W WS Astra, k units Astra Otoparts Revenue by Segment, Rp bn
10,853
9,583
49%
48%
13%
51% Manufacturing 52%
Trading
222 2,395 2,380
10% 202 1% 1H26 1H25
OLXmobbi Used Car SERA Vehicles Under
Sales, units Contract, units
15,718 4% 29,249 13%
1H26 1H25 1H26 1H25
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Financial Services
1H26 vs 1H25
Net income from the Group’s Financial Services business 4W 2W Heavy Equipment
continues to demonstrate resilient growth, with net Units Financed
income increased by 6% to Rp4.6 trillion.
ACC 114,510 17% FIFGROUP SANF 2,205 7%
1,805,572 2%
TAF 66,092 12% KAF 489 9%
Amount Financed (Rp billion)
ACC 21,641 14% FIFGROUP SANF 4,733 3%
26,103 7%
TAF 14,028 9% KAF 3,416 1%
Insurance
Asuransi Astra Asuransi Jiwa Astra
• Net income contribution of Rp811bn (+6%) • Net income contribution of Rp95bn (+17%)
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Mining Solutions & Heavy Equipment
• The Group’s Mining Solutions & Heavy Equipment business reported net income (excluding
non-recurring items) of Rp2.7 trillion, down 46% compared to the prior year. The lower
results were due to minimal gold sales from Martabe gold mine, as well as the impact of
lower national coal production quota (RKAB allocation), which resulted in weaker demand
in heavy equipment, mining services, as well as lower coal mining volumes.
• During the first half of 2026, Mining Solutions & Heavy Equipment business recognised non-
recurring items of Rp2.1 trillion in its geothermal and nickel divisions. Including these items,
reported net income decreased by 88% to Rp607 billion.
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Mining Solutions & Heavy Equipment
Komatsu Sales Volume Mining Services
(in units) Overburden Removal (million bcm)
2,728
Coal Sales Volume & Price* 1,994
65%
(million tonnes & USD/t)
52%
127.9 27% 481
10% 533
25%
102.5 16% 13%
20% 11%
7.8 12% 11%
7.2
1.1 1H26 1H25 1H26 1H25
1.2 Forestry Construction Plantation Mining
2.1
1.6 Gold Mining Sales Volume & Price* Nickel Mining Ore Sales & Price* (Stargate)
7%
UT Owned UT Owned (k Oz & USD/oz) (k wmt & USD k/t)
Coal: 6.0 Coal: 6.6
4,698 17.8
4.4 4.6 53% 17% 15.2
3,072
1,087
886
1H26 1H25 18% 727
82% 626
125
Thermal Coal Metallurgical Coal Coal Trading
260 360
* Newcastle Coal Price 23
1H26 1H25 1H26 1H25
* Gold Price Index Saprolite Limonite
* Nickel LME 14
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Others
Total net income from the Others segment, which primarily reflects the Group’s Wider Businesses, excluding non-recurring items,
was Rp1.6 trillion. This is 31% higher compared to the same period last year, mainly driven by improved agribusiness performance
supported by higher crude palm oil price and sales volume, as well as improved property performance following contributions from
newly acquired industrial warehouse platform.
The Others segment recorded non-recurring fair value loss of Rp259 billion in the first half of 2026, compared to Rp484 billion in the
same period last year. The fair value loss reflects mainly the mark-to-market fluctuation of the Group’s equity investments.
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For further information please contact: PT Astra International Tbk Corporate Investor Relations P: (+62 21) 5084 3888 E: investor@ai.astra.co.id
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