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PT Blue Bird Tbk “BIRD” Audited FY 2023
March, 2024
Public Expose
DISCLAIMER:
This document contains financial conditions and result of operation, and may also contain certain projections, plans, strategies,
and objectives of the Company, which would be treated as forward-looking statements within the meaning of applicable law.
Forward looking statements, by their nature, involve risk and uncertainty that could cause actual results and development to differ
materially from those expressed or implied in these statements. PT Blue Bird Tbk does not guarantee that any action, which may1
have been taken in reliance on this document, will bring specific results as expected.
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1. Company Overview
2. Performance Overview
3. Significant Events & Others
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About PT Blue Bird Tbk
▪ The leading integrated land transportation Regular Taxi Executive Taxi
company in Indonesia with a total fleet for
around 23 thousand units by Dec 31, 2023.
Car Rent
▪ Listed shares on the Indonesia Stock Exchange
Bus Charter
& Limousin
(IDX) since November 5, 2014 with the code
"BIRD", releasing approximately 15% of shares
to the public. Intercity
Shuttle Logistic
▪ As of December 31, 2023, the Company's Used-car &
Auction Business
market capitalization value reached around Maintenance
Rp4.5 trillion.
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PT Blue Bird Tbk Board of Directors
President Director
Vice President Director Adrianto Djokosoetono Director
Sigit Djokosoetono Irawaty Salim
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Today, Bluebird becomes a few companies that grow in the middle of
uncertainty, with a strong footprint nationally
>26,000 Drivers
540 Exclusive Outlets
56 Pools
18 Cities
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We have transformed to provide a meaningful experience in mobility service, to deliver
#SetiapKilometerBerarti
Auction Used-car & Delivery
Taxi service Rental & Bus Shuttle Corporate
Maintenance service
Continuously exploring businesses as an
integrated mobility service …
Ability to co-exist for both online and offline channels, and partners …
MyBluebird, BEBI WhatsApp,
Partnership with
Street-hailing, Outlets, and Call Center
Offering seamless and variety of choice for payment:
E-wallet and e-voucher Credit card QRIS in-fleet Cash
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1. Company Overview
2. Performance Overview
3. Significant Events & Others
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2023 resulted positive developments for Bluebird
Solid financial performance
Stronger presence in the
mobility industry
Reconnect with customers
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Performance Overview
Its beyond Pre-Pandemic Level
28.4K Fleets
4,422
In Rp Bn
4,048
23.4K Fleets 3,590
23.0K Armada
19.8K Fleets
20.9K Fleets
2,221
2,047
316 364 463
9
(163)
2019 2020 2021 2022 2023
Revenue Profit after tax Number of fleet
With only 10% additional in fleets count (2022 vs 2023), the Company manage to book 9
higher growth in topline and bottom-line, 23% and 27% y/y respectively.
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Audited Profit and Loss Statement
Profitability margins also improving ..
thanks to consistent cost management and operational efficiency
4,422 +23% y/y
3,590
31.7%
In Rp Bn 29.9% 25.3%
25.0%
10.5%
1,404 +31% y/y 12.2%
10.1%
1,072 11.7% 1,106 +22% y/y
909
420 541 +29% y/y 463 +27% y/y
364
Revenue Gross Profit Operating Profit EBITDA Profit after tax
2022 2023
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Revenue contribution for non-taxi is increasing . . .
FY 2022 FY 2023
+ 3.3%
22.4% 25.7%
77.6% 74.3%
Taxi Non-taxi Taxi Non-taxi
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Balance Sheet Overview
7,424 7,253 6,893 7,580 In Rp Bn
In Rp Bn 6,598 2,016 2,018 1,949
463 799 983
946 891
1,451 1,542
1,090
Liabilities
1,250 1,016
Assets
6,184 5,668 5,855 678
4,938 5,281 840
926 768 864 932
611
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Cash Fixed Asset Other Assets Total Assets Bank Loan Other Liabilities Total Liabilities
▪ 77% of Balance sheet is contributed from Fixed Assets, In Rp Bn
5,408 5,236 5,148 5,351 5,631
represent the Company’s fleets and other supporting
infrastructures.
▪ The company records net debt of Rp33 bn, still a lot of 2,763 2,763 2,763
2,763 2,763
Equities
headroom for leverage.
▪ The Company pursuing continuous improvement in its 2,546 2,375 2,287 2,485 2,757
Capital Structure. Per end of 2023, Debt-to-Equity ratio
remain low at 0.18x.
2019 2020 2021 2022 2023
▪ The Company’s equity, again to growth at stable level in Capital called Retained Total
line with the Company performance. and held Earnings
NCI
Equities 12
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Cash Flow Overview
345
(51)
In Rp Bn In Rp Bn
(649)
(1,049) (1,093)
1,035
909
739
230 304
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Net cash from Operating Activities Net cash from/(used for) Investing Activities
▪ The Company continue to generate positive cash from In Rp Bn 197 157 150
operating activities, in this year records at Rp1035 Bn .
▪ Net capex booked at Rp1093 Bn with gross capex (503)
(315)
spend at Rp1.4 trillion for fleet purchase and its
supporting necessities.
▪ The Company starting to have net addition in loan, inline 2019 2020 2021 2022 2023
with capex plan.
Net cash from/(used for) Financing Activities
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Capex Spending
Gross Capex realization in FY 2023 reached Rp1,393 billion. It is approximately
73% capex realization for the year 2023 allocation.
1,393
In Rp Bn
Net adds
940 20.9k +2.1k 23.0k
fleets fleets fleets
Dec-22 Dec-23
Capex Realizations
2022 2023
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1. Company Overview
2. Performance Overview
3. Significant Events & Others
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Commitment to Tech Investment for Seamless Customer Experience ...
MyBluebird App, our
reservation platform is pivotal in
channel ensuring seamless
experience with its features.
Our dedication to enhancing
MyBluebird through #EZ-er and
Subscriptions Plan mobility with
Bluebird remains steadfast.
Launching All New MyBluebird
Adding new Subscription Plan
to enhance #EZ Mobility with
in the Beginning of 2024
EZPay
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Some recent Key Activities ...
Launch Standar Nyaman Indonesia Collaborate with partners to provide
(SNI) Campaign seamless travel experience
Continuous innovation to
maintain customer relevance. In
addition, Bluebird also
continues to strive to improve
the quality of service that has
been known for more than Expanding Cititrans Customer touch point &
Launch BirdMobil
routes
decades.
Launch new fleet as our promise to provide
Became 1st mobility provider at IKN 17
SNI mobility experience
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Our Sustainability Vision Continues to be Pursued !
Upholding our commitment to
the Sustainability Vision, guided
by the ambitious 50:30 agenda.
Transforming every driven Better environment Greater quality Sustainable business with
education and society good corporate
kilometer into a meaningful impact governance
contribution to building a
brighter nation. Our initiatives lead to these key takeaways
Carbon Footprint Greater Social Impact Good Corporate
Reduction Governance
Society Empowerment Sustainability
Waste Reduction Certifications
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Shift to Renewable energy by increase the number of electric
Support Blue Economy at Lombok
implementing solar panel vehicles
Collaborate with partner to support 3R Support plastic WWF Plastic smart
Carry out mangrove planting
Program cities program
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Supporting World Health Day Providing complimentary vision
Program care and eyewear to drivers
Empowering generations to Over Cultivating the potential of young
Supporting local governance to Continue to empower women
38,000 children of drivers and participants in the Kampus
empower society through Kartini Bluebird
employees Merdeka program
Facilitating the spiritual journey of Providing free circumcision
Enhancing financial literacy
Bluebird drivers through the Support local cultural activity services to the children of 20
Umrah program among Bluebird drivers Bluebird drivers and employees
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In BlueCorps sustainability pillar, we receive awards such as …
Indonesia Digital Innovation Summit: PPKM Award
Innovation Achievement for Indonesia Best Business
Very Good Predicate for Outstanding For supporting the Ministry of Health's Covid-
Pioneering EV Transformations 2023
Digital Innovations 19 response
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Thank You!
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Names mentioned 4 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Indonesia Stock Exchange
p.4
unresolved
org
Ministry of Health's Covid-Pioneering EV
p.22
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