Corporate Presentation

Company Profile | History | The

Tranformation | Key Milestone | Award
& Certifications | Market Company |
International Rute | Domestic Rute
 A state-owned company, Garuda Indonesia is a major
A state-owned company, Garuda Indonesia is a major
international and domestic airline that has been the flagship of
international and domestic airline that has been the flagship of
Indonesia's airways for more than forty years. It is the largest airline in
Indonesia's airways for more than forty years. It is the largest airline in
Southeast Asia and one of the largest in the Southern Hemisphere,
Southeast Asia and one of the largest in the Southern Hemisphere,
carrying more than 16,000 passengers daily to an expanding list of 16
carrying more than 16,000 passengers daily to an expanding list of 16
domestic and 28 international destinations.
domestic and 28 international destinations.
History

In October 1948, shortly before world recognition of

Indonesia's independence, Garuda began humbly
when a team of Indonesian Air Force officers
purchased a single DC-3 Dakota from Singapore with
the tail number “RI 001” and the name “Indonesia
Airways”. The airline launched its maiden flight from
Calcutta to Rangoon on January 26, 1949.

Garuda
Garuda has has acted
acted asas aa domestic
domestic airair link
link for
for the
the nation.
nation. InIn addition,
addition,
Garuda's
Garuda's establishment
establishment ofof international
international flight
flight routes
routes has
has been
been partly
partly responsible
responsible
for
for developing
developing the the national
national tourism
tourism industry
industry since
since the
the 1980s,
1980s, when
when Indonesia
Indonesia
began
began turning
turning itsits focus
focus away
away from
from the
the petroleum
petroleum trade
trade after
after the
the oil
oil glut
glut ofof that
that
decade
decadeand
andsought
soughttotocultivate
cultivatetourism
tourismasasananalternative
alternativemeans
meansofofincome.
income.
Garuda Internasional Focus

In 1950, Garuda Indonesia was officialy established as a State Corporation

Garuda Indonesia made its first flight to Mecca carrying Indonesia hajj in 1958

Garuda expanded its service to include 16 domestic destinations and 37

international cities on five continents.

Market research for Garuda indicated that European travel to Indonesia was
likely to increase six-fold by the year 2000.
The Transformation
Joining the global
alliances; SkyTeam
Recognized as 4 Star
Airline and The Most Awarded as “The word Best Cabin
The inaugural flight Ranked among Top Improved Airline by Crew” and “5 Star Airline” by
of Garuda Indonesia 30 Global Airlines Skytrax Skytrax
1954 2008 2011 2015

1949 1990’s 2010 2014

Taken over by the IPO Awarded as “The World’s

Reluch of Citilink
Goverment Best Cabin Crew” for two
consecutive years
The 1st Indonesia
Airlines that certified Issued global sukuk
by IOSA amounted US$500
million
Key Milestone
January Feburary March
Garuda Indonesia commemorate 50 years fly to Garuda Indonesia received 2 new aircraft Airbus Garuda Indonesia moved the UK flight destination
Singapore A330-300 with the first “Super Diamond Business from London Gatwick to London Heathrow
Class” and new aircraft Boeing 777-300ER.

Garuda Indonesia Group And Airbus to expand

longstanding relationship

Garuda Indonesia received 2 new aircraft Airbus

A330-300 with the first “Super Diamond Business
Class” and new aircraft Boeing 777-300ER

April May June

Garuda Indonesia held Annual General Garuda Indonesia received “Indonesia Most Garuda Indonesia launches the reoperation
Shareholders Meeting 2016 and M. Arif Admired Companies” Award for 8 consecutive of Medan-Singapore flight route
Wibowo continues to lead Garuda Indonesia years
with the new formations of Board of
Directions
Develop new directorate for cargo and
ancillary revenue
AWARD & CERTIFICATIONS

(3) SERVICES
(9) BUSSINES • THE WORD BEST CABIN CREW
• INDONESIAN GREEN AWARDS* • OUTSTANDING FOOD BY A CARRIER (3) HUMAN CAPITAL
• MOST ADMIRED COMPANY • 5-STAR AIRLINE** • INDONESIA HUMAN CAPITAL AWARD*
• MOST ADMIRED COMPANY –
TRANSPORT CATEGORY
(1) SAFETY (1) COMMUNICATIONS
• THE MOST POWERFUL BRAND ASIA
• PENGHARGAAN KECELAKAAN NIHIL • PR INDONESIA RELATIATIONS AWARDS
• INDONESIA GREEN COMPANY & SUMMIT (PRIMAS) 2016
• UNWTO AWARD FOR INNOVATION IN
ENTERPRISES – 1st RUNNER UP
 Garuda Indonesia
Market

Internasional Domestic

Business Business Economy

Class Goverments Labors Class Class

For the market structure, Garuda Indonesia adapts oligopoly. Oligopoly means that in the
markets there is only a few sellers or firms that involve or competing. There is a barrier to
enter the market and also whenever the firms or sellers want to exit the market.
MARKET SHARE

For domestik market share, Garuda indonesia’s market share is calculated is a group
(including citilink) both of domestic and international market share were calculated based
on all Garuda Indonesia’s routes.
Internasional Rute of Garuda Indonesia
Domestic Rute of Garuda Indonesia
Financial Performance
Income Statment Summary |
Operating Revenue | Balance Sheet
 Income Statment of Garuda Indonesia
In milion USD June 30, 2016 December 31, 2015
No Audit %
EBITDAR 531,1 586,3 (9.4)

Scheduled Airline 1,563.5 1,608.0 (2.8)

Operating Non-Scheduled Airline 20.0 58.1 (65.6)

Others 180.4 174,1 3.7

Revenue Total Revenues 1,764.0 1,840.1 (4.1)

Fuel 418.5 533.2 (21.5)

Aircraft Rental And 488.1 423.8 15.2

Charter
Operating Non-Fuel 895.2 805.5 11.1

Expense Total Expenses 1,801.8 1,762.6 2.2

EBIT (37.8) 77.5 (148.7)

EBT (78.0) 46.4 (268.0)

Net Income Current (63.2) 29.3 (305.7)

Period
Income
 Operating Revenue
Key Indicator (In Milion USD) June 30, 2016 December 31, % % of Total
No Audit 2015 (+/-)

Scheduled Airline 1,563.5 1,608.0 (44.4) (2.8) 88.6

Non-Scheduled Airline 20.0 58.1 (38.0) (65.5) 1.1
Others 180.4 174,1 6.4 3.7 10.2
Total Operating Revenue 1763,9 1840,2
 Summary of Consolidated Balance Sheet

Key indicator June 30, 2016 December 31, 2015 %

(In USD) No audit

• Current Asset 1,151.0 1,007.8 14,20

Asset • Non Current Asset

Total Assets
2,483.8
3,634.8
2,302.2
3,310.0
7,89
9,81
• Current Liabilities 1,507.3 1,195.8 26,05
• Non Current Liabilities 1,210.9 1,163.4
Liability
4,08
Total Liabilities 2,718.2 2,359.3 15.21
Total Equity 916.6 950.7 (3.59)
Total Liabilities & 3,634.8 3,310.0 9,81

Equity Equity
Subsidiaries
Subdiaries of Garuda Indonesia
Citilink
Citilink Profile’s

In 2001, Citilink was officialy established as a low-cost subsidiary of Garuda

Indonesia

On July 05, 2012 Citilink has officially operated

Citilink now has 70 domestic routes and 16 regional service.

INCOME STATEMENT OF CITILINK

INCOME SATATEMENT June 30, 2016 December 31,

No Audit 2015 %
(In bilion USD)
Operating Revenue 222,078 221,450 (0.3)
Operating Income 4,906 (23,907) (587.3)
Net Income 1,457 (21,298) (1,561.8)
EBTA 71,432 52,808 (26.1)

Citilink contribute amount 13% to Garuda Indonesia in 2016

SHAREHOLDER

PUBLIC OWNERSHIP DISTRIBUTION

DOMESTIC INTERNATIONAL

• EMPLOYEE 0.28% • INSTITUTIONAL (<5%) 4.93%

• INSTITUTIONAL (<5%) 5.34% • RETAIL 0.04%
• RETAIL 0.04% DOMESTIC 66.54%
REAL FREE FLOAT (EXCL.indonesian
government & trans airways ownership)
DOMESTIC 66.54%
 SHARE PERFORMANCE

YTD JUNI 2016 FY 2015.

AVERAGE LIQUIDITY (IN BILION) 19.91 5.45
AVERAGE VOLUME (IN MILLION) 44.46 13.48
AVERAGE CLOSE PRICE 436 440
MARKET CAPITALIZATION (IN TRILLION) 12.26 7.99