MARKET RESEARCH

Growth of Vehicle Ownership in Indonesia

Growth of Vehicle Ownership in Indonesia

0

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000

16,000,000

18,000,000 Truck BusPassenger Car

Sumber : Kantor Kepolisian Republik Indonesia. Diolah oleh BPJS, 2013

CAGR (2000 – 2012)10,53%

•Passenger Car 10,83%•Bus 10,77%•Truck 9,88%

The result of CAGR in 2000 to 2012 indicating a positive growth (10,53%) in all category vehicle in Indonesia.

Vehicle Ownership in Indonesia (2000 – 2012)

Years Passenger Car Bus Truck Total (Unit)2000 3.038.913 666.280 1.707.134 2.427.1752001 3.189.319 680.550 1.777.293 2.351.4882002 3.403.433 714.222 1.865.398 2.569.5472003 3.792.510 798.079 2.047.022 2.806.0562004 4.231.901 933.251 2.315.781 3.087.2672005 5.076.230 1.110.255 2.875.116 3.256.9552006 6.035.291 1.350.047 3.398.956 3.429.4832007 6.877.229 1.736.087 4.234.236 3.793.9342008 7.489.852 2.059.187 4.452.343 4.132.0012009 7.910.407 2.160.973 4.452.343 4.439.2902010 8.891.041 2.250.109 4.687.789 4.799.3222011 9.548.866 2.254.406 4.958.738 4.982.7762012 10.432.259 2.273.821 5.286.061 5.171.001

Sumber : Kantor Kepolisian Republik Indonesia, diolah oleh BPJS

Car rental penetration in Indonesia

Indonesian Car Rental Penetration among other countries (2011)

Indonesian car rental penetration is low, much like other countries in which car rencal companies are considered desirable investments

Corporate car rental is a largely untapped market

Major car rental companies in Jakarta (2013)

No Name of Company Brand Description1 Adi Sarana Armada Tbk, PT ASSA Rent Triputra Group2 Cipaganti Citra Graha Tbk, PT Cipaganti Cipaganti Group3 CSM Corporatama, PT Indorent Indomobil Group4 Mitra Pinasthika Mustika Rent, PT MPM Rental MPM Group5 Orix Indonesia Finance, PT Orif 6 Pusaka Prima Transport, PT Blue Bird Blue Bird Group7 Serasi Autoraya Tbk, PT TRAC Astra Group8 Srikandi Multi Rental, PT Srikandi Rental Car Kramayudha Tiga Berlian Group9 Surya Sudeco, PT Tunas Rental Tunas Ridean Group

10 Takari Sources Mulia, PT Takari Rent Columbia Group11 Other

Source: Indonesian Association of Car Rental Companies (Asperkindo)

Market share and market value

No Name of Company Number of Vehicle (units)

1 Serasi Autoraya Tbk, PT 37.000

2 Adi Sarana Armada Tbk, PT 13.000

3 Mitra Pinasthika Mustika Rent, PT 12.000

4 CSM Corporatama, PT 8.000

5 Takari Sources Mulia, PT 5.000

6 Surya Sudeco, PT 44.500

7 Srikandi Multi Rental, PT 4.000

8 Cipaganti Citra Graha 4.000

9 Orix Indonesia Finance, PT 3.500

10 Pusaka Prima Transport, PT 3.500

11 Sub total 94.500

12 Other (around 4.990 companies) 405.500

Total 500.000Orix Indonesia Finance, PT

Pusaka Prima Transport, PT

Srikandi Multi Rental, PT

Cipaganti Citra Graha

Takari Sources Mulia, PT

CSM Corporatama, PT

Mitra Pinasthika Mustika Rent, PT

Adi Sarana Armada Tbk, PT

Serasi Autoraya Tbk, PT

Surya Sudeco, PT

Other (around 4.990 companies)

0% 20% 40% 60% 80%100%

0.7%

0.7%

0.8%

0.8%

1.0%

1.6%

2.4%

2.6%

7.4%

8.9%

81.1%Year Market value (Rp. Trillion) Growth (%)2008 20,7 -2009 22,8 10,14%2010 25 9,65%2011 28,7 14,80%2012 34,4 19,86%

CAGR (2008 – 2012) 13,54%

The Market value of car rental business (2008 - 2012) Market share of car rental companies (2013)

Source: Data Consult

Source: Asperkindo, analysis by Data Consult

Source: Data Consult

Vehicle Sales and Production in Indonesia

Vehicle Sales In Indonesia (2005 – 2013)

Vehicle Production in Indonesia (2005 – 2013)

Domestic Auto Market & Exim by Category (2014)

Sumber : GAIKINDO (2014)

*Total sales in January to august’14

*

Vehicle Brands Market Share in Indonesia (2010 – 2012)

Automotive Market Share by Group Companies in Indonesia (2013)