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Public Expose
PT Astra Otoparts, Tbk
Performance 1H24
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GROWTH THRU DIGITALIZATION AND EXCELLENCE
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Disclaimer
This report has been prepared by PT Astra Otoparts Tbk independently and is circulated for the purpose of general information only. It is not intended
for the specific person who may receive this report. The information in this report has been obtained from sources which we deem reliable. No
warranty (expressed or implied) is made as to the accuracy or completeness of the information. All opinions and estimations included in this report
constitute our judgment as of this date and are subject to change without prior notice.
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 PT Astra Otoparts Tbk and/or its affiliated companies and/or their respective employees
and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which
might otherwise arise.
Cautionary note on forward-looking statements: This report may contain statements regarding the business of PT Astra Otoparts Tbk and its
subsidiaries that are of a forward-looking nature and are therefore based on management's assumptions about future developments. Forward-
looking statements involve certain risks and uncertainties because they relate to future events. Actual results may vary materially from those
targeted, expected or projected due to several factors. Potential risks and uncertainties includes such factors as general economic conditions,
foreign exchange fluctuations, interest rate changes, commodity price fluctuations and regulatory developments. The reader and/or listener is
cautioned to not unduly rely on these forward-looking statements. We do not undertake any duty to publish any update or revision of any forward-
looking statements.
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List of Content
Company Profile
Our Business
Company Strategy
Company Performance
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GROWTH THRU DIGITALIZATION AND EXCELLENCE
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List of Content
Company Profile
Our Business
Company Strategy
Company Performance
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GROWTH THRU DIGITALIZATION AND EXCELLENCE
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SESSION
COMPANY PROFILE
Hamdhani Dzulkarnaen Salim
President Director
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COMPANY PROFILE
Heavy Equipment, Mining, Information Infrastructure and
Automotive Financial Services Agribusiness Property
Construction, and Energy Technology Logistics
Astra Motor 1 Astra Motor 2 Astra Motor 3 Astra Motor 4 Our Shareholders
Two-Wheeler Four-Wheeler Four-Wheeler Component
80% 20%
Manufacturing Business
4 Business Units and 45 Affiliated
Companies
Trading Business
PT Astra International, Tbk
3 Business Units, 2 Affiliated
Public
Companies, and 15.000 Retail
Networks
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COMPANY STRUCTURE
Astra Otoparts’ 54 companies (49 MFG & 5 TRD) consists of:
• 7 business units,
• 13 consolidated subsidiaries, Manufacturing Units Trading Units
• 20 joint venture and associates companies, and
• 14 indirect investments Unit Astra
Otoparts Nusa
Unit Astra
Otoparts Unit Astra Unit Astra
Otoparts
Unit Astra
Otoparts
Unit Astra
Otoparts
Unit Astra
Otoparts Retail
Metal Winteq Otoparts EDC
Adiwira Plastik Domestik International (Shop&Drive)
Manufacturing Subsidiaries (100% owned) Trading Subsidiaries
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
PT FSCM PT Astra PT Velasto PT Ardendi Jaya PT Senantiasa
PT Autoplastik PT Menara Komponen
Manufacturing Indonesia Terus Makmur Indonesia Sentosa Makmur
Indonesia Indonesia
40.0% 100%
15.0% 85.0% 34.0%
Superior Chain PT Kreasi
(Hangzhou) Co. Mandiri Wintor
Ltd Indonesia
PT Kreasi
Manufacturing Subsidiaries (Consolidated) Mandiri Wintor PT
Manufacturing Aisin Indonesia
51.0% 50.67% 51.0% 58.06% 66.66% 80.0% Distributor
Indirect Investments PT Aisin
100.0% Indonesia
PT PT PT PT Century Automotive
PT Pakoakuina PT Gemala Nusa Keihin Federal Izumi Astra Daido Batteries
Kempa Daya Indonesia Manufacturing Steel Indonesia Indonesia PT Advics
PT Palingda 30.0% Manufacturing
100.0%
Nasional Manufacturing Joint Venture and Associate Companies Indonesia
50.0% 50.0% 20.0% 50.0% 50.0% 50.0% 50.0%
PT Inkoasku 100.0%
PT PT Akebono Brake PT Akebono PT PT
Astra Juoku Astra Nippon Astra Vietnam Brake Astra PT Kayaba Astra Visteon
Gasket Indonesia GS Battery
PT TOPY Indonesia Indonesia Co., Ltd.1 Indonesia Indonesia
Palingda 9.61% 60.0% 100.0% Astra Visteon
Manufacturing Vietnam Co Ltd
Indonesia
25.66% 30.0% 40.0% 36.96% 40.0% 40.0% 42.5% 43.5%
PT PT Metal Art PT Evoluzione PT Federal PT PT Akashi
PT AT Indonesia Nittan Industries PT Wahana Eka 35.0%
Denso Indonesia Astra Indonesia PT SKF Indonesia Tyres Inti Ganda
Paramitra
Wahana
Perdana Indonesia
PT Denso Sales 100.0%
Indonesia PT Asano Gear
20.0% 20.0% 25.0% 25.7% 26.2%
Indonesia
PT Hamaden PT PT PT PT TD
49.0% Toyoda Gosei DIC Astra Automotive PT Astra NTN
Indonesia Toyoda Gosei Safety Systems Compressor 51.0%
Indonesia Chemical Indonesia Driveshaft
Manufacturing Indonesia Indonesia
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OUR MILESTONE
1997
Consolidation of several component 2011 - 2014
manufacturers of Astra Group, • Develop internal engineering capabilities through
company’s name was changed to PT Engineering Development Centre
Astra Otoparts • Completed stocksplit with ratio 1:5
1976 1998
• Successful AOP Right Issue in 2013 with strong
support from AI
Listed on the Indonesia Stock
Founded as PT Alfa Delta Exchange with ticker code 2015 - 2024
Motor with businesses in AUTO.JK • Implemented LEAP strategy
trading of auto industry,
• Launched e-commerce
assembling of machineries
www.astraotoshop.com
and construction
• Launched Astra Otoservice
2006 • Launched Healthcare products
Developed internal engineering • Launched Astra Otopower, developed by Astra
capabilities (Winteq division) Otoparts Group under brand “ALTRO”
1976–1999 2000–2012
Investments into joint venture partnerships with Develop internal engineering capabilities through
leading global auto parts suppliers including Denso, Winteq division and Engineering Development Centre
Kayaba, Aisin, Akebono Brake and GS Yuasa
International
Founded in 1976, Astra Otoparts has developed into a diversified auto parts manufacturer with high quality in-house engineering capabilities,
preparing the company for future growth.
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VISION AND MISSION
VISION
World class auto parts supplier, partner of choice in Indonesia
with excellence engineering competence.
MISSION
1. To develop a strong and competitive automotive
components industry and become a strategic partner for
domestic and regional industry players.
2. To be a responsible corporate citizen that provides positive
contributions to stakeholders.
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COMPANY PROFILE
Astra Otoparts (AOP) is Indonesia's Largest group of automotive parts manufacturing and distributing companies which
provides wide range of spare parts for two wheel and four wheel.
49 Manufacturing Companies 5 Trading Companies
Customers Partners Our Brands Distribution
+15,000 retail networks
International
> 50 countries
Asia Oceania, Africa, Middle East, South
America, and Europe.
Product Portfolio
Employees Our R&D
Four-Wheeler (4W) Commercial Vehicle Two-Wheeler (2W)
• Engineering solution Center • Partner of product
Total Employees (R&D) for implementation of development and testing
30,730 Industry 4.0
*as of Jun 2024
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CUSTOMERS
Astra Otoparts supplies to most 2W, 4W, and commercial vehicle and maintains long term relationship with Tier 1 suppliers across a broad range of products.
Two-Wheeler (2W) Four-Wheeler (4W) Commercial Vehicle
Others
Represent Astra Group
Represent EV customer
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PARTNERS
AOP are working with leading global auto parts partnership, like
Gemala Grup
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4W PRODUCTS & PARTNERS’ PORTFOLIO
Our Trading Brands
Outer Mirror, Painting Instrument panel, Head Lamp, Window Regulator, Door
Steering Frame, Door Check, Door
Line, Plastic Injection Interior/Exterior Rear Lamp Rubber Molded Parts, Hoses,
Air Filter, Wheels Shock Absorber
Parts Plastic Parts Anti-Vibrant Components Handle, Door Hinge, Striker,
Fuel Filter, Hood Lock, Door Lock,
Oil Filter Clutch Cover, Clutch Disc,
Intake Manifold
Radiator & Fan, Air
Conditioner, Spark Plug,
Horn, Compressor Air Flywheel, Exhaust
Cleaner, O2 Sensor Stick Manifold, Bearing Cap,
coil, Alternator Pulley, Gear Case
Wheel Hub Bearing,
Automotive Battery
Transmission Bearing Our Trading Stores & Platform
Gasket Cyl Head, Gasket
Exhaust Manifold Front Drive Shaft
Transmission
& Gearbox Rear Axle &
Propeller Shaft
Compressor &
Compressor with Casting Wheel
Clutch Steel Wheel
Cover Cylinder Head, Press Parts
Housing Clutch
Drum Brake, Shift Lever Assy,
Colorants and Tool Steel, Machinery Steel,
Engine Piston Engine Valve Forging & Forging Parts, Caliper Assy Machining & Aluminium
Compound for Stainless Steel, Parts Heat
Machining Parts Mechanical Jack Parts Assembling
Plastic and Leather Treatment, Machining Service
& Hand Tools
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COMMERCIAL VEHICLE PRODUCTS & PARTNERS’ PORTFOLIO
Our Trading Brands
Instrument panel, Head Lamp, Automotive Battery Door Lock , Door Check,
Interior/Exterior Rear Lamp Drum Brake,
Door Handle, Door Hinge,
Plastic Parts Caliper Assy
Outer Mirror, Painting Line, Striker
Plastic Injection Parts
Shock Absorber
Steering
Wheels
Rubber Molded
Parts, Hoses, Torque
Radiator & Fan, Air
Assy Rod, Engine
Conditioner, Spark
Mounting
Plug, Horn,
Compressor Air
Cleaner, O2 Sensor
Stick coil, Alternator Wheel Hub Bearing,
Transmission Bearing
Gasket Cyl Head,
Gasket Exhaust
Manifold Rear Axle & Propeller
Shaft
Air Filter,
Fuel Filter,
Oil Filter Cover Cylinder Head, Forging Parts,
Colorants and Housing Clutch Mechanical Tool Steel, Machinery Steel,
Compound for Shift Lever Assy, Engine Valve Engine Piston Frame Chassis Steel Wheel Jack & Hand Stainless Steel, Parts Heat
Plastic and Leather Machining & Press Parts Tools Treatment, Machining Service
Aluminium Parts
Assembling
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2W PRODUCTS & PARTNERS’ PORTFOLIO
Our Trading Brands
Mirror, Painting,
Speedometer
Plastic products
Rubber Parts Automotive
Ball Bearing
Gasket
Automotive
Lamps Motorcycle Battery
Shock Absorber,
Plastic Injection, Front Fork, Oil
Seat Bottom Cushion Unit
Our Trading Stores & Platform
ACG Starter, Engine Parts,
Spark Plug, Casting Parts &
Oxygen Sensor, other components
Horn Comp.
Casting Wheel
Motorcycle Tyres
Engine Valve
Colorants and Engine Piston Motorcycle Chain
Compound for Brake Caliper Assy, Tool Set, Kick Starter, Con (Drive Chain, Cam Chain, Tool Steel, Machinery Steel,
Plastic and Leather Silent Chain) Stainless Steel, Parts Heat
Brake Master Cylinder Rod, Under Bracket, Race
Treatment, Machining Service
Steering
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List of Content
Company Profile
Our Business
Company Strategy
Company Performance
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SESSION
OUR BUSINESS
Hamdhani Dzulkarnaen Salim
President Director
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OUR BUSINESS
Manufacturing Business Trading Business
Subsidiaries Joint Venture & Associates Domestic Modern Retailer International
• Market segment: OEM (Original Equipment Market) & REM (Replacement Market) Market Segment: REM (Aftermarket)
• World class manufacturing across a broad product portfolio Largest auto parts distribution Selling fast moving spare parts To expand its presence as a
• Partnerships with leading global auto OEMs and suppliers network in Indonesia: (battery, oil, etc) through strong regional player, the Company also
• 27 Sales Offices (Java & Bali) portfolio of consumer brands. markets its products to more than
• 45 Main Dealers (Outside Java & 50 countries across the Middle
Bali) Our stores as of Jun’24: 568 stores East, Asia-Pacific, Africa, Europe,
and the South Americas.
Sales by Business Composition
6M23
TRD 6M24
44% MFG TRD
MFG 9,383 -2.0% 9,195 49%
51%
56% Bio Bio
MFG : Manufacturing
TRD : Trading 18
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MANUFACTURING BUSINESS
Astra Otoparts diversified the business to 4W and 2W market & Astra and Non-Astra
Revenue by Segment Revenue to OEM customer
Others Others Non-Astra
Non-Astra
4% 4% 38% 40%
6M23 2W 6M24 2W 6M23 6M24
5,298 45% -10.9% 4,719 47% 5,298 -10.9% 4,719
4W 4W Astra
Bio Bio Astra Bio Bio
51% 49% 60%
62%
New Product (ICE) Common Parts (xEV) Specific Parts (xEV)
Hose Cooling Inverter & motor Hybrid Damper
Cylinder Comp Wheel Disc Driveshaft Resonator Intake Air
Cover Back Panel Outside Mirror (CV) Front View Back View
Duct HV Battery Intake Battery Case
Gasket Head Cover Front Winker Lamp Elbow Auxiliary Battery Front Axle Mirror & Plastic Parts
EV Battery Box
4W Parts 2W Parts 19
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ENTERING THE EV ECOSYSTEM THROUGH EV INFRASTRUCTURE
Astra Otopower is an EV Charging Station Facility which can be used by all types of 4W electric vehicles using charging station manufactured by Astra Otoparts Group under brand “ALTRO” and developed by
Engineering Development Centre (AOP R&D Centre).
ASTRA OTOPOWER Currently, there are 29 Astra Otopower’s stations (as of Jun 2024) which located mostly at Astra Otoservice.
Home Charging Standing Home Charging Ultra Fast Charging
7 kW 22 kW Up to 240 kW
Our Channel Office Building
AOSE Galaxy Bekasi AOSE Kelapa Gading Wisma BNI46 Menara Astra
7 kW 7 kW 22 kW 50 kW
EV CHARGING STATION (ALTRO) Residential Public Area
Astra Group through PT Astra Otoparts Tbk (AUTO) collaborates with Toyota Astra Motor in providing
EV Charging Unit to Toyota & Lexus customers.
Basic Wall-Mount Charger Home Charging Standing Home Charging
7 kW 7 kW 22 kW with 2 Connectors
Asya JGC Arumaya Rest Area 260B Resta 456A
22 kW 22 kW 120kW & 22 kW 2Connector 120 kW
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ENTERING THE EV ECOSYSTEM THROUGH EV COMPONENTS
Astra Otoparts products which are being developed Astra Otoparts products which are still in development stage
Head Lamp 4WD Electric Control
Unit (ECU)
Inverter – EV Rotor Sheet – EV Fuel Cell Stack – EV EV Battery Charger – EV
Bracket Bell
Mount Cover Motor Unit
Switch Fast Charging Lithium Battery Management Thin Film Transistor
Battery Pack – EV System – EV Meter Cluster
Inboard License Plate Light
Foglamp Base Staor
Mobile Charger Motor Gear Unit Driver EV Conversion – E2W Battery Swap System
EV
4W Parts 2W Parts 21
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FACTORY LOCATION IN INDONESIA
Astra Otoparts Group has 55 factories distributed in Indonesia.
Karawang &
Cikarang
Jakarta Subang
Semarang
Cirebon
Bogor
Purwakarta
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FACTORY LOCATION IN ASIA
Astra Otoparts Group has 3 factories distributed in China & Vietnam.
Superior Chain
(Hangzhou) Co. Ltd
40%
Hangzhou
China
Astra Visteon Vietnam
Vietnam
Hanoi Co Ltd
100%
Akebono Brake Astra
Vietnam Co Ltd
50%
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SESSION
TRADING BUSINESS
Tujuh Martogi Siahaan
Director
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TRADING BUSINESS
Trading Group Domestic
27 Sales Offices (Java & Bali) 45 Main Dealers (Outside Java & Bali)
Trading Group Composition
RET RET
14% 14%
INT INT
6M23 12% 6M24 12%
4,085 4,476
Billion
9.6% Billion
DOM DOM
74% 74% DOM : Domestic
RET : Modern Retailer
INT : International > 15.000 Retailers
Our E-Commerce
Domestic Trading Sales Performance
Distribution & Retail
(in bio)
7,138 CAGR: 7.9%
7,068
6,209 Maintain position as
5,677 dominant player in Indonesia’s
aftermarket business
3,612 3,953
The Company continues to drive digitalization across all its business lines, including its trading
business through Astra Otoshop. The Company's digital platform enables customers to make
transactions anytime and anywhere. Moreover, this platform also supports an omnichannel
concept, allowing for digital ordering and product replacement at the Company-owned outlets.
2020 2021 2022 2023 6M'23 6M'24
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TRADING BUSINESS
Modern Retailer Our new stores
Retail outlet coverage in Indonesia
1 5
1 2
8 Samarinda 5
Batam Manado
North Sumatera
8 3 6
Riau Pontianak Balikpapan
5 3
8
West Sumatera Jambi 7
Palembang
Sumatera Kalimantan Banjarmasin
8 2
4 Greater Jakarta & Banten Kendari
19 Makasar
Lampung
The total number 99 7 5 104 East Indonesia
of our stores West Java 43 4
1 Bali
5 1 Central Java 54 1
568 100 37
Java, Bali, and NTB
2
East Java
9
1
NTB
Astra Otoparts officially opened Astra Otoservice, 11th November 2020.
Astra Otoservice is a modern workshop focused on providing regular maintenance services and care
Shop & Drive – 381 Super Shop & Drive – 7 Astra Otoservice – 16 Shop & Bike – 60 Motoquick – 104 solutions for all types of vehicles.
Currently, there are 16 Astra Otoservice’s stores (as of Jun 2024) which located at Java & Sumatera
Our stores
Continue prudent expansion 4W outlet, emphasizing in Astra Otoservice
4W 2W
Services at Astra Otoservice
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TRADING BUSINESS
International
To expand its presence as a regional player, the Company also markets its products to more than
❑ Leverage Export Business
50 countries across the Middle East, Asia-Pacific, Africa, Europe, and the South Americas.
The products marketed by the Company include batteries, tires, and various other replacement
parts, either under its own brands (Incoe, Aspira, and others) or those of its subsidiaries.
International Sales Contribution
Europe 5.0% Automechanika Ho Chi Minh – Vietnam 2024 Agritehnica Asia 2024 Automechanika Shanghai 23
Asia 61.4%
Middle East 23.8% ❑ Strengthen ASPIRA Brand and Product
Aspira New Product Launching
South America 5.0% Africa4. 8%
• Aspira Battery 4W MF – for passenger part
• Aspira Oil 2W (New variant)
Oceania 0,0%
• Aspira Premio Tire 2W for racing segment. Complies with IMI (Ikatan Motor Indonesia) regulations
> 50 Countries
New Product Launching for global market
Aspira Premio Sportivo
Aspira Oil 2W, Launching for Aspira Battery 4W MF,
RS01– Tire Racing,
Indonesian market, Launching for Indonesian
Launching for Indonesian
September 2023 Market, July 2024
Market, June 2024
Aspira Oil Launching in the Akebono Brake pad & KYB Shock
Aspira Oil, Aspira Exposio Brake Philippines, March 2024 breaker Launching for global market,
Pad, & FIM Piston Launching for
April 2024
global market, December 2023 27
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BUSINESS DIVERSIFICATION
Medical Devices 1 Product 1 Product
Local 2 Local 2
Content 0 Content 0
52.63% 46.17%
2 2
AEROSOL & DROPLET SUCTION 0 HIGH FLOW NASAL CANNULA 1
Suction machine for dental needs High pressure oxygen therapy equipment
8 Products 9 Products
Local Local Local
Local Local
Content Content Content
Content Content
56.78% 50.18% 51.34%
50.56% 58.87%
DIGITAL FLAT SCALE v1 DIGITAL
PATIENT MONITOR
AUTOCLAVE Medical scales to measure weight SYRINGE PUMP INFANTOMETER
Measure the patient’s vital signs, display the
for adults / children Baby height
Sterilization for surgical tools data obtained therefrom, and transmit it on the Device that intravenously infuses fluids,
monitoring network drugs, or nutrients in the patient measurement tool
Local Local Local Local Local
Content Content Content 2 Content Content Local Content 2
55.91% 54.81%
52.61% 59.19% 0 52.96% 46.95% 0
SUCTION PUMP STADIOMETER MEASUREMENT TAPE 2 2
CENTRIFUGE USG 2D v2
Tool used to suck various Adult height Baby head circumference 2 Device that uses centrifugal force USG 2D which can be used to see DIGITAL STADIOMETER 3
types of liquids measurement tool measurement tool
to subject a specimen to a the baby's body and internal organs Adult height measurement tool
specified constant force including breast cancer
Local Local Local Local
Local Content Local
Content Content Content Content
50.39% Content
56.49% 59.24% 50.39% 52.93%
56.92%
DIGITAL BABY SCALE INFANTOMETER USG 2D v1
Medical scales to measure weight Baby height measurement INFUSION PUMP BLOOD PRESSURE MONITOR DIGITAL FLAT SCALE v2
High frequency sound waves
for baby tool to scan the internal organs Medical device to infuses fluids, Read the blood pressure automatically based Medical scales to measure weight
medication or nutrients into a patient’son variations in the volume of blood in the for adults / children
circulatory system arteries 28
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BUSINESS DIVERSIFICATION
Medical Devices
New Product Launch of Healthcare
(Accumulated) 24
19
10
5 Products
1 2
Local Content Local Content Local Content
On Registered On Registered On Registered
Y 2020 2021 2022 2023 YTD June 2024
T
DIGITAL COLOUMN SCALE BLOOD PRESSURE MONITOR LITE D
Medical scales to measure
BABY INCUBATOR
maintain specialized light, temperature, Read the blood pressure automatically based Product Product Launch
weight for adults / children + on variations in the volume of blood in the
humidity and oxygen levels optimized for a J
Body Mass Index baby's development (premature baby) arteries
u
Digital Coloumn Scale March 2024
n Baby Incubator April 2024
e
Blood Pressure Monitor Lite June 2024
Local Content Local Content
On Registered 2
On Registered
0 Electrocardiography June 2024
2 Infant Warmer June 2024
INFANT WARMER
4
ELECTROCARDIOGRAPHY
maintain specialized light,
used to check how the heart is functioning
temperature, humidity and oxygen
levels optimized for a baby's
development
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BUSINESS DIVERSIFICATION
Heavy Equipment Industrial Railway Industry
INDUSTRIAL BATTERY INDUSTRIAL CHAIN
GEAR SEGMENT PAD BOOT CONICAL BONDED
RUBBER SPRING
TIRE LAMP WORK LAMP
PAD DOUBLE SURFACE RIPPING
ELBOW
SHOCK ABSORBER FOR
TRAIN
STASIONERY BATTERY STASIONERY BATTERY
SPACER PIN VESSEL
32 Ah 25 Ah
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List of Content
Company Profile
Our Business
Company Strategy
Company Performance
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SESSION
COMPANY STRATEGY
Hamdhani Dzulkarnaen Salim
President Director
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COMPANY STRATEGY
Leverage Trading Business Operational Excellence in All Product based instead of
Aspects process based
to become Lowest Cost
Leverage Position as Producer People Readiness &
Preferred OEM Suppliers to ensure sustainability Organization Effectiveness
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List of Content
Company Profile
Our Business
Company Strategy
Company Performance
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SESSION
COMPANY PERFORMANCE
Sophie Handili
Director
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MARKET LANDSCAPE & COMPANY’S PERFORMANCE TREND
4W Market CAGR 2015 - 2023 Market Landscape 2W Market
In Million unit 2W Market 4W Market In Million unit
0.5% 0.1%
1.5 The automotive market is declining, both 2W & 4W
CAGR 2015 - 2023
AOP Performance 6.5 6.5
6.2
Pandemic Pandemic
1.03 Revenue Net Income
1.01 1.01
1.0
6.0% 24.6%
The Company’s performance show a strong growth in
revenue and net income that beats the automotive market’s
0.5 declining growth
2015 2016 2017 2018 2019 2020 2021 2022 2023 2015 2016 2017 2018 2019 2020 2021 2022 2023
Revenue & Net Income
In Trillion IDR 18.6
Long-term Strategic Goals 18.0 Post-Pandemic New Record
15.4 Pandemic
New Record Profit
AOP has a strategic role in Astra 15.0 IDR 1.8 T2.0 Even though market conditions have not recovered back to
automotive value chain as component pre-pandemic levels,
maker for OEM OES and After Market 11.7 in units
12.0 New Record Profit
Revenue
Business. IDR 1.3 T 2019 2023 Growth
4W Market 1,030,126 1,005,802 -2.4%
9.0
AOP keeps moving forward by continuing 2W Market 6,487,460 6,236,992 -3.9%
to focus on the LEAP strategy to enhance 0.7 (in Trillion Rupiah)
6.0
revenue and net income growth. 2019 2023 Growth
0.3
Revenue 15.4 18.6 20.7%
3.0 Net Income 0.7 1.8 149.1%
Net Income
AOP booked 20% higher revenue and
0.0 0.0
2015 2016 2017 2018 2019 2020 2021 2022 2023
2.5 times higher net income compared to 2019
Revenue Net Income
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INDUSTRY & FINANCIAL HIGHLIGHT
in billion IDR
4W Markets In Units 2W Market In Units
Income Statement 1H'24 1H'23 Variance %
1,048,040 1,005,802 6,236,992
Revenue 9,195 9,383 (188) -2.0%
887,202 5,057,516 5,221,470
Gross Profit 1,434 1,483 (49) -3.3%
3,660,616
532,407 506,427 3,201,930 3,170,994 Gross Profit Margin 15.6% 15.8% -0.2%
407,932
Operating Income 490 520 (30) -5.8%
Operating Margin 5.3% 5.5% -0.2%
2020 2021 2022 2023 1H'23 1H'24 2020 2021 2022 2023 1H'23 1H'24 Equity Income 449 415 34 8.2%
Revenue In billion IDR Net Income In billion IDR Other Income 268 90 178 198.0%
18,580 18,649 1,842 Net Income 1,014 802 212 26.5%
15,152 Net Income Margin 11.0% 8.5% 2.5%
1,327
11,869
1,014
Earning Per Share 210 166 44 26.5%
9,383 9,195
802
611
EBITDA 739 779 (39) -5.1%
EBITDA Margin 8.0% 8.3% -0.3%
2
2020 2021 2022 2023 1H'23 1H'24 2020 2021 2022 2023 1H'23 1H'24
Astra Otoparts reported 26,5% increase in net income to Rp 1,014 billion in the first half of 2024, mainly due to higher contribution from trading business, manufacturing exports
which offset lower domestic OEM sales, and gain on sales of land. Excluding the gain on sale of land, net income increased by 6.8% YoY.
37
GROWTH THRU DIGITALIZATION AND EXCELLENCE
Page 38
FINANCIAL HIGHLIGHT
in billion IDR
Balance Sheet Jun'24 Dec'23
In billion IDR
Asset
Cash & Cash Equivalents 3,127 2,743
20,426
Trade Receivables 2,487 2,290
19,613
18,521 Inventories 2,443 2,527
16,947
15,180 Fixed Assets 3,255 3,245
Investment in Associates & Jointly Controlled Entities 6,669 6,630
Other Assets 2,446 2,177
Total Assets 20,426 19,613
Debt 524 444
Trade Payables 2,413 2,171
Other Liabilites 2,648 2,458
2020 2021 2022 2023 1H'24
Total Liabilities 5,585 5,073
Equity Attributable to The Owners of The Parent 13,712 13,333
DER Non-Controlling Interest 1,129 1,206
0.06 Total Equity 14,841 14,540
Total Liabilities and Equity 20,426 19,613
0.04 Net Debt / (Net Cash) (2,602) (2,299)
0.04
0.04 Net Working Capital 2,517 2,647
0.03
Financial Ratios Jun'24 Dec'23
Return On Assets (ROA) 10.5% 10.3%
Return On Equity (ROE) 14.8% 13.8%
Debt to Equity Ratio 3.5% 3.1%
2020 2021 2022 2023 1H'24
Net Debt to Equity Ratio -17.5% -15.8%
Astra Otoparts, reported total assets of Rp 20.4 trillion, a 4.1% increase compared to the end of Dec 2023.
38
GROWTH THRU DIGITALIZATION AND EXCELLENCE
Page 39
Thank You
Contact: investor@component.astra.co.id
39
GROWTH THRU DIGITALIZATION AND EXCELLENCE
Names mentioned 38 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT FSCM
p.7
unresolved
org
PT Astra
p.7
unresolved
org
PT Velasto
p.7
unresolved
org
PT Ardendi Jaya
p.7
unresolved
org
PT Autoplastik
p.7
unresolved
org
PT Kreasi
p.7
unresolved
org
Mandiri Wintor Ltd
p.7
unresolved
org
PT Kreasi Manufacturing Subsidiaries
p.7
unresolved
org
PT Aisin
p.7
unresolved
org
PT Century
p.7
unresolved
org
PT Pakoakuina
p.7
unresolved
org
PT Gemala
p.7
unresolved
org
PT Advics
p.7
unresolved
org
PT Palingda
p.7
unresolved
org
PT Inkoasku
p.7
unresolved
org
PT Akebono
p.7
unresolved
org
PT Astra Juoku
p.7
unresolved
org
PT TOPY
p.7
unresolved
org
Vietnam Co Ltd
p.7
unresolved
org
PT Metal Art
p.7
unresolved
org
PT Evoluzione
p.7
unresolved
org
PT Federal
p.7
unresolved
org
PT Akashi
p.7
unresolved
org
PT AT Indonesia Nittan Industries
p.7
unresolved
org
PT Wahana Eka
p.7
unresolved
org
PT SKF Indonesia
p.7
unresolved
org
PT Denso Sales
p.7
unresolved
org
PT Asano Gear
p.7
unresolved
org
PT Hamaden
p.7
unresolved
org
PT TD
p.7
unresolved
org
PT Astra NTN Indonesia
p.7
unresolved
org
PT Alfa Delta
p.8
unresolved
org
Co. Ltd
p.23 ×2
unresolved
org
Akebono Brake Astra Vietnam Co Ltd
p.23
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