Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — Q3 2024 Earnings Presentation
21 slides from Pt Mitra Adiperkasa Tbk's earnings presentation, 2024
Slide 1: Mitra Adiperkasa Unaudited Result 9M/Q3 2024
Mitra Adiperkasa UNAUDITED RESULT 9M/Q3 2024
Slide 2: Table of Contents
TABLE OF CONTENTS • Indonesia Macroeconomic Indicators • Overview of MAP Group • 9M/Q3 2024 Financial Highlight • Appendix
Slide 3: Positive trends in Indonesia macroeconomic indicators
The Company has observed positive trends in overall macroeconomic indicators, including robust GDP growth along the year and well-controlled inflation rates. Indonesia GDP growth (% YoY) Quarter Q1 Q2 Q3 Q4 2017 5.0 5.0 5.1 5.2 2018 5.1 5.3 5.2 5.2 2019 5.1 5.1 5.0 5.0 2020 3.0 -5.3 -3.5 -2.2 2021 -
Slide 4: Overview of Group
OVERVIEW OF GROUP 3,463 150+ 110+ Retail Stores + 51 online stores World Class Brands Retail Concepts + Presence in 3rd party online stores Over 80 29,569 Cities** Employees ** Excluding regional countries 4
Slide 5: Specialty Stores
Department Food & Specialty Stores Others Stores Beverage Active Fashion & Beauty Digital SOGO Sports Tabata Energetics Zara Travelogue Sephora Digimap Starbucks Coffee Kinokuniya SEIBU Sports Station 2XU Champion Massimo Dutti Max Mara Sulwhasoo Digiplus Subway Alun Alun Indonesia Galeries Lafayett
Slide 6: Retail Footprint 9M 2024
RETAIL FOOTPRINT 9M 2024 No. Stores Space (sqm) Consolidated 3,463 1,134,410 Department Store 61 328,240 Specialty Store 2,553 578,767 Active 1,871 394,190 Fashion & Beauty 533 169,365 Digital 149 15,211 F&B 844 219,210 Others 5 8,193 6
Slide 7: 9M/Q3 2024 Financial Highlights
9M/Q3 2024 FINANCIAL HIGHLIGHTS 7
Slide 8: 9M and Q3 2024 financial results
*) After PSAK 73/ IFRS 16 9M 9M Q3 Q3 in IDR Billion % Growth % Growth 2024 2023 2024 2023 Net Sales 27,616 23,792 16.1% 9,623 8,198 17.4% Gross Profit 11,824 10,859 8.9% 4,029 3,786 6.4% % Margin 42.8% 45.6% 41.9% 46.2% EBIT 2,388 2,566 -6.9% 772 832 -7.3% % Margin 8.6% 10.8% 8.0% 10.2% EBITDA 4,55
Slide 9: % Growth YoY Net Sales
(IDR bn, %) % GROWTH 9M 24 9M 23 9M 22 9M 21 9M 20 YoY 16.1% 26.4% 55.8% 18.3% -33.9% 27,616 NET SALES 23,792 18,821 12,080 10,216 9M 24 9M 23 9M 22 9M 21 9M 20 9
Slide 10: Aging Inventory and Inventory Days
(Days, IDR bn, %) Aging Inventory 9M 24 2023 2022 2021 2020 2019 > 6 month 27% 23% 25% 43% 38% 23% 152 135 126 125 109 102 INVENTORY DAYS 10
Slide 11: Assets, Liabilities and Equity
(IDR bn) As of As of As of LIABILITIES As ofAs of AsAsofof As Asofof ASSETS LIABILITIES && EQUITY 30 SEP '24 31 DEC '23 31 DEC '22 30 SEP '24 31 DEC '23 31 DEC '22 EQUITY 31 Dec22 31 Dec21 31 Dec20 CASH & EQUIVALENTS 3,502 3,675 3,851 BANK LOAN 2,923 2,885 611 ACCOUNT RECEIVABLES 961 1,145 899 BONDS
Slide 12: Stores by country as of September 2024
as of September 2024 INDONESIA PHILIPPINES VIETNAM • 3,042 stores • 218 stores • 48 stores • 150+ exclusive brands • 20 exclusive brands • 16 exclusive brands THAILAND MALAYSIA SINGAPORE CAMBODIA • 50 stores • 61 stores • 30 stores • 14 stores • 14 exclusive brands • 6 exclusive brands • 9 exclusive
Slide 13: Sales contribution by region
as of September 2024 Overseas 16% Others 3% Jakarta Sulawesi 49% 2% Sumatera 6% Bali 5% Jawa 19% 13
Slide 14: Online platforms by segment
ACTIVE FASHION DIGITAL OTHERS Planetsports.asia Newbalance ID ZARA ID DIGIMAP ID KINOKUNIYA Sportsstation.id Converse ID ZARA VN DIGIMAP PH Lineashoes.com Converse PH ZARA Cambodia DIGIBOX VN 3rd Party Marketplaces Footlocker ID Converse SG PULL & BEAR DIGIBOX Cambodia SHOPEE Footlocker PH Converse
Slide 15: Contribution by channel and digital sales performance
(IDR bn, %) CONTRIBUTION BY CHANNEL DIGITAL SALES PERFORMANCE Own 9M 24 9M 23 2023 2022 2021 Platforms CONTRIBUTION 9.0% 8.5% 8.8% 9.0% 13.0% 55% + 23% 2,933 2,489 2,419 2,388 3rd Party Marketplaces 2,029 45% CONTRIBUTION BY SEGMENT 9M 24 9M 23 2023 2022 2021 9M 2024 Sales Contribution 9.0% 15
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Slide 17: Operating expenses in % of sales
*) After PSAK 73/ IFRS 16 in % of sales 9M 24 9M 23 2023 2022 NET SALES 27,616 23,792 33,319 26,937 LABOR 11.2% 11.7% 11.3% 10.9% RENTAL 4.8% 4.7% 4.3% 3.5% DEPRECIATION & AMORT. 7.8% 7.6% 7.7% 8.8% UTILITIES 1.2% 1.2% 1.2% 1.2% A&P 1.5% 1.5% 1.7% 1.4% OTHERS 7.7% 8.2% 8.4% 7.5% TOTAL OPEX 34.2% 34.
Slide 18: Specialty Store
SPECIALTY STORE *) After PSAK 73/ IFRS 16 In IDR BN 9M 24 9M 23 Q3 24 Q3 23 Net Revenue 22,996 18,440 8,104 6,395 % Growth 24.7% 28.6% 26.7% 28.9% EBIT *) 2,198 2,117 751 682 % Ebit Margin 9.6% 11.5% 9.3% 10.7% FASHION & BEAUTY ACTIVE DIGITAL ZARA 21 Stores SPORTS STATION 369 Stores DIGIMAP 141 Stor
Slide 19: Food & Beverage
FOOD & BEVERAGE *) After PSAK 73/ IFRS 16 In IDR BN 9M 24 9M 23 Q3 24 Q3 23 FOOD & BEVERAGE Net Revenue 2,421 3,072 796 1,073 STARBUCKS COFFEE 603 Stores SUBWAY 106 Stores % Growth -21.2% 25.0% -25.8% 19.1% PIZZA MARZANO 21 Stores EBIT *) (84) 178 (36) 89 COLD STONE 18 Stores KRISPY KREME 35 Stores
Slide 20: Department Store
DEPARTMENT STORE *) After PSAK 73/ IFRS 16 In IDR BN 9M 24 9M 23 Q3 24 Q3 23 Net Revenue 1,988 1,883 665 621 % Growth 5.6% 12.7% 7.0% 11.1% EBIT *) 263 268 83 53 % Ebit Margin 13.3% 14.2% 12.5% 8.6% DEPARTMENT STORE SOGO 18 Stores SEIBU 2 Stores GALERIES LAFAYETTE 1 Stores THE FOODHALL 40 Stores TOT
Slide 21: Thank You
THANK YOU INVESTOR RELATIONS CONTACT DETAILS: " This presentation material contains the latest financial information, business strategies and the prospective financial information Ratih Darmawan Gianda of the Company. The business strategies are subject to changes due to uncertainties that could aff