Consolidated revenue was IDR 3,504 billion in 1H2023, with gross margin of 17.1%; which is tracking lower compared to FY2022. Lower revenue and weakening gross margin were mainly attributable to slower demand from our customers as well as the overall downward trend in chemical prices.
Almost 90% of our total revenue represent sales in Indonesia, mainly to B2B customers in the F&B, Animal Feed, Chemical and Personal & Home Care industry.
2
(IDR billion)
Consolidated Financial Position
2020
2021
2022
1H2022
1H2023
Cash and Bank
376
499
237
245
217
Trade Receivables
817
1,025
1,053
1,240
1,024
Inventories
746
1,044
1,304
1,131
1,199
Fixed Assets
1,829
1,815
1,822
1,801
1,744
Investment in Associates
813
845
828
813
736
Others
934
990
851
1,054
807
Total Assets
5,514
6,218
6,094
6,285
5,728
Interest Bearing Debt
1,959
1,754
1,374
1,549
1,343
Trade Payables
829
1,261
1,258
1,196
1,077
Others
442
464
475
689
471
Total Liabilities
3,230
3,480
3,107
3,434
2,891
Equity
2,284
2,738
2,987
2,852
2,836
Balance sheet position as of 1H2023 relatively stable compare to FY2022.
3
Key Financial Ratio
2020
2021
2022
1H2022
1H2023
Current Ratio (x)
0.98
1.14
1.22
1.27
1.29
EBITDA / Net Interest Expense (x)
3.89
7.16
5.73
5.92
4.96
Net Debt / EBITDA (x)
2.47
1.68
1.49
1.55
2.27
Net Debt / Equity (x)
0.69
0.46
0.38
0.46
0.40
Working Capital Days
2020
2021
2022
1H2022
1H2023
AR Days
53
56
48
55
53
Inventory Days
61
70
74
63
74
AP Days
68
85
71
66
67
WCC Days
46
41
51
51
60
Current ratio improving slightly to 1.29x, with Net debt to Equity remained stable at 0.40x. Net Debt/EBITDA,
EBITDA/Interest and working capital ratio relatively within our expected range despite lower performance in the current
year.
For a more comprehensive analysis of the 1H2023 performance, the quarterly report is available on our company
website (www.lautan-luas.com).
4
Share (millions) *
1,560
52wk High (Rp)
1,645
Price in 2023, June 30 (Rp)
1,105
52wk Low (Rp)
1,065
Price / Earning (x) **
16.72
EPS (Rp)
33
Dividend Yield (%)
6.79
EPS Annualized ** (Rp)
66
ROE (%) **
4.01
* Include 5,149,000 treasury stocks
** Annualized
5
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Disclaimer
PT Lautan Luas Tbk published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 12:37:07 UTC.
PT Lautan Luas Tbk is an Indonesia-based company, which is engaged in distributing and manufacturing of basic and specialty chemicals, as well as supporting businesses and services business. The Companyâs business segments include Distribution, Manufacturing and Support and Services. Its products include sulfuric acid, aluminum sulfate, PAC, sodium silicate, non-dairy creamer, and various other main products. In the logistics sector, the Company provides warehousing and transportation service. The Company represents more than 100 international principals, distributes more than 1,000 chemical products, and serves more than 2,000 industrial customers throughout Indonesia and the Asia Pacific region. It also operates 10 manufacturing facilities in Indonesia and two in China. It serves various industries, such as food and beverages, industrial, drinking and wastewater, personal and home care, automotive, animal feed, building construction, agriculture and others.
PT LAUTAN LUAS TBK 
