AGII Announces Full Year 2021 Performance, Reports All-Time High Annual Sales and +111.8% Profit Growth

By Press Release11 April 2022

Jakarta, 11 April 2022 – PT Aneka Gas Industri Tbk (Bloomberg Code: AGII IJ or the “Company”) has announced its Consolidated Financial Statements for the years ended 31 December 2021 (“FY2021”) and 2020 (“FY2020”). During 2021, the Company recorded sales of IDR 2.74 Trillion, increased 25.2% compared to that of the previous year. Profit for the Year reached IDR 211.48 billion per 31 December 2021, or increased 111.8% year-on-year.

President Director of AGII, Mr. Rachmat Harsono, said “The year 2021 was indeed a profounding year. Throughout the year, the company held an important role in fulfilling the nation’s medical gas needs and, despite the difficult challenges that we had to overcome, we remain committed to providing our best in meeting customer needs. We not only managed to record our highest ever annual sales, but also delivered strong operating performance and therefore managed to significantly increase the overall profitability of the business. We have consistently outperformed GDP growth throughout the years, and have beaten our 2021 targets of 10%-15% Sales Growth and 5%-7% Net Profit Margin.”

“In the coming years, we hope to continue to be the lead provider of industrial gas needs in the nation. We proactively engage in dialogue with government agencies and customers to support Indonesia's agenda related to industrialization, green innovation, downstreaming, and the development of health facilities. By operating more than 50 factories and 100 branches located across 28 provinces in Indonesia, we believe we will become a trusted partner for our customers, which spread across many sectors, including Retail, Consumer Goods, Infrastructure, Healthcare and Other Manufacturing” he added.

During 2021, the Company has successfully opened 2 (two) new branches each in East Nusa Tenggara and West Sumatra, received a long-term national rating of A-(idn) with Positive Outlook from Fitch Ratings Indonesia, received an award from the Regional Government of West Java Province for the Company’s contribution in meeting the needs of medical gas, won a 12-year contract to become the industrial gas provider for PT Timah Tbk’s Tin Refining Smelter Development in Bangka Belitung, as well as completing the acquisition transaction of 2 (two) business units belonging to Samator Group to increase synergies in the Company’s gas business.

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