Q2 2024 Avia Avian PT Tbk Earnings Call Transcript
Key Points
- PT Avia Avian Tbk (ISX:AVIA) recorded a total revenue of USD106 million in Q2 2024.
- The company reported a gross margin of 43.3%, an EBITDA margin of 26.1%, and a net profit margin of 21.1% for Q2 2024.
- Expanded nationwide distribution network by adding two wholly owned distribution centers, bringing the total to 123.
- Achieved a 92% success rate in providing one-day delivery services to retail outlets across the country.
- Consolidated sales increased by 3.2% in the first half of 2024, reaching IDR3.6 trillion.
- Tough market conditions due to food inflation, online gambling, and digital lending impacting consumer purchasing power.
- Increased promotional activities in response to aggressive competitor actions, impacting gross margin.
- Architectural solutions segment's performance was relatively softer in Q2.
- Challenges in acquiring companies in Indonesia, with M&A efforts not being very successful.
- High inventory levels at retail outlets due to aggressive product pushing by competitors.
Good afternoon, everyone. Thank you for taking the time to participate in today's call. We appreciate your continued interest in Avia and welcome you to our Quarter 2 2024 earnings call. For your information, we uploaded the presentation materials to our website yesterday. The plan for today is to start with a quick presentation followed by one hour Q&A session. If you have any questions during the presentation, please use the Q&A chat box, and we will answer them during the Q&A session.
For those who cannot join us today, please note that the webcast of this event will be uploaded to our website no later than tomorrow. Thank you again for being here today.
Allow me to start by introducing myself. My name is Andreas Hadikrisno, I am Avia's Head of Investor Relations, and I will be moderating this in earnings call today. Joining me on the call from Avia here are Mr. Ruslan Tanoko, the Vice President, Director of our company, followed by Mr. Robert Tanoko, the Operations and Development Director. And finally, Mr.
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