PT Hartadinata Abadi Tbk · IDX:HRTA
PT Hartadinata Abadi Tbk — Investor Presentation (May 2025)
33 slides from PT Hartadinata Abadi Tbk's investor presentation, May 2025
Slide 1: Corporate Presentation
CORPORATE PRESENTATION “Business Prospects of HRTA as a Key Player in the Bullion Bank Ecosystem of Indonesia” May 2025
Slide 2: HRTA at a glance
HRTA at a glance HRTA’s Role in 1Q25 Financial Bullion Bank 2025 Business HRTA at a glance Highlight Ecosystem Strategy
Slide 3: HRTA at a glance
HRTA AT A GLANCE The most integrated gold jewellery and gold bar player from midstream to downstream company in Indonesia INNOVATIVE PRODUCT Varied and innovative gold products, designed with creativity and technology, cater to all market segments. Easy and secure gold investment options range up to
Slide 4: Corporate Structure
CORPORATE STRUCTURE Most integrated and well-diversified business model 99% 99% 99% Refinery Pawn Holding PT. Emas Karya Abadi 99% 99% 99% 99% 99% 99% Operating in East Java Operating in West Nusa Tenggara Operating in East Nusa Tenggara Operating in Sulawesi Operating in DKI Jakarta Operating in We
Slide 5: Our Factories
OUR FACTORIES Pabrik Sukamenak 5 Pabrik Sukamenak 2 • Capacity: 4.5 ton • Capacity: 6 ton • Product: 70%-75% Gold Jewellery • Product: 75% Gold Jewellery Pabrik Sukamenak 1 • Capacity: 7,5 ton • Product: 30%-75% Gold Jewellery Pabrik Sapphire • Capacity: 12 ton • Product: 99.99% Gold Jewellery Refin
Slide 6: Diversified Business
DIVERSIFIED BUSINESS s h Ca l d Go l d Go l d Go Ca sh Go ld The gold shop business uses gold as a means of payment, so the cash received will be converted to gold. Source : Company, Google, Dall-E
Slide 7: Gold Value Chain
GOLD VALUE CHAIN UPSTREAM MIDSTREAM DOWNSTREAM INPUT INPUT Gold Scrap 99,99% Casted Bar/ Granule Distribution 60% 40% Gold Ore From Local Miners PROCESS PROCESS Gold Refinery Gold Manufacturing Pawn Business Smelting PT. Emas Murni Abadi (EMA) PT. Hartadinata Abadi, Tbk. (HRTA) OUTPUT OUTPUT Gold Do
Slide 8: Product Innovation
PRODUCT INNOVATION Where Dedication Meets Innovation ARDORE® EMASKU® REKOMENDASI KESESUAIAN SYARIAH Nomor : RKS-00004082 8k - 16k Jewellery 0,1 gram – 1 kg bullion
Slide 9: Growing Market Share
GROWING MARKET SHARE HRTA Jewellery Sales (Pure Gold Tonnes) HRTA's Jewellery Market Share 100.0 Total Indonesia Gold Demand (Tonnes) % YoY Growth 0.5 6.00 20.00% 90.0 0.4 42.9% 18.33% 18.00% 80.0 0.3 5.00 15.54% 16.00% 70.0 20.3% 24.3% 0.2 14.47% 14.84% 14.00% 60.0 4.00 13.09% 8.9% 0.1 12.00% 50.0
Slide 10: Jewellery Store Expansion
JEWELLERY STORE EXPANSION Kalimantan Sulawesi DIY & Central Java Sumatera Nusa Tenggara Greater Jakarta & West Java East Java 2017 12 stores 2019 44 stores 2021 68 stores 2023 85 stores 1Q25 93 stores 2018 26 stores 2020 65 stores 2022 78 stores 2024 85 stores
Slide 11: Pawn Store Expansion
PAWN STORE EXPANSION Sulawesi NTB West Java & DKI Jakarta NTT East Java 2018 3 stores 2020 64 stores 2022 82 stores 2024 105 stores 2019 16 stores 2021 67 stores 2023 91 stores 1Q25 114 stores
Slide 12: Ecosystem Omni-Channels
ECOSYSTEM OMNI-CHANNELS DISTRIBUTION OF GOLD JEWELLERY & PAWN BUSINESS STRATEGIC PARTNERSHIP & BUSINESS ALLIANCES PARTNERS 80+ 900+ wholesalers partner retail shops All over Indonesia RAW MATERIAL PROCUREMENT HRTA • 93 Stores STORE • Coverage area : West Java, Greater Jakarta, Central Java, BULLION
Slide 13: 1Q25 Financial Highlight
1Q25 Financial Highlight HRTA’s Role in 1Q25 Financial Bullion Bank 2025 Business HRTA at a glance Highlight Ecosystem Strategy
Slide 14: Gold Price in USD vs IDR
GOLD PRICE IN USD VS IDR Comparison of the average of gold price growth in rupiah and in USD from 2010 - 2024 Daily Average Price (in IDR/gram) Daily Average Price (in USD/troyounce) % growth (in IDR/gram) % Growth (in USD/troyounce) 33.00% 30.78% 1,400,000.0 3,000.0 28.20% 27.82% 27.12% 1,216,366.6
Slide 15: Solid Performance
SOLID PERFORMANCE Revenue in IDR bn (LHS) Net Income in IDR bn (RHS) 20,000.00 +41.78% 18,000.00 540.00 16,000.00 +44.60% 14,000.00 440.00 +85.84% 12,000.00 340.00 10,000.00 +20.62% 8,000.00 +32.08% +30.70% +68.97% 240.00 6,000.00 +26.56% +27.91% +13.32% 4,000.00 +14.03% +45.82% 140.00 2,000.00 - 40
Slide 16: Income Statement
20% INCOME STATEMENT 10% 9.21% 0% 0.68% 1Q25 1Q24 Refining Services Revenue Loan interest and administration revenues from pawn business Sales with Partners Profit or Loss Highlight (IDR bn) 1Q25 1Q24 % YoY Breakdown Gold sold to Stores Gold sold to Wholesaler Export Sales 6,788.28 4,017.48 68.97% C
Slide 17: Gold Backed Balance Sheet
GOLD BACKED BALANCE SHEET A solid liquidity position in fulfilling the Company's obligations Current Assets (IDR bn) Non-Current Assets (IDR bn) Cash : Rp342.45 billion Cash+ Raw Materials Raw Material: 469.04 Rp1.74 trillion = Rp2.08 trillion -> Cash & cash Total Liabilities: eqv Rp3,68 trillion 93
Slide 18: Profitability & Manageable Debt
PROFITABILITY & MANAGEABLE DEBT Positive trend in profitability and debt management ROA (%) ROE (%) Int. Bearing Debt/Equity (x) 9.37% 1.47 1.45 1.41 23.96% 7.42% 6.08% 18.82% 15.50% 2023 2024 1Q25 2023 2024 1Q25 2023 2024 1Q25
Slide 19: Production & Utilization
PRODUCTION & UTILIZATION Production Volume (Kg) Utilization Rate 25,000 *2017-2022 Manufacturing Capacity: 30 tons 47.00% 2023 Manufacture + Refinery Casting Capacity: 39 tons 45.69% 45.00% 2024 Capacity: 42 tons 2025 Capacity: 48 tons 43.67% 20,000 43.00% 42.24% 41.00% 40.00% 15,000 39.00% 37.00% 3
Slide 20: Dividend Policy
DIVIDEND POLICY DPS (IDR) Dividend Payout Ratio 30.00% 16 26.13% 14 25.00% 25.05% 24.56% 23.74% 22.59% 12 21.59% 21.80% 20.00% 10 15.00% 8 6 10.00% 4 5.00% 2 6 7 8 8 10 12 15 0.00% 0 2017 2018 2019 2020 2021 2022 2023 Consistent dividend distribution every year with a dividend yield of 3% to 5%.
Slide 21: Operating Performance & Valuation
OPERATING PERFORMANCE & VALUATION Chow Tai Fook Titan Co Ltd PNJ HRTA Operating and Efficiency* Hongkong/China India Vietnam Indonesia ROA (%) 5.21 11.94 12.21 8.05 ROE (%) 17.37 32.91 16.71 20.53 Gross Margin (%) 22.64 22.08 18.85 6.02 Operating Margin (%) 9.40 8.00 7.38 4.81 Net Margin (%) 4.62 5.
Slide 22: HRTA's Role in Bullion Bank Ecosystem
HRTA’s Role in Bullion Bank HRTA’s Role in 1Q25 Financial Bullion Bank 2025 Business HRTA at a glance Highlight Ecosystem Strategy
Slide 23: Overview
Bullion Bank BSI Gold Cooperation with Pegadaian Cooperation with Bank in regards of Indonesian Syariah Indonesia (BSI) on Bullion Bank Establishment launching BSI Gold OVERVIEW Cost of Fund Efficiency LBMA CERTIFICATION • Bank Loan from Mandiri with JIBOR + 2.25% Interest Rate In the process to acq
Slide 24: Global Background & Context
Global Background & Context 1 140.0 Gold Production (in tonnes) 131.8 132.5 2 Export gold dore USD +5 billion/tahun 120.0 108.2 100.9 100.0 92.3 Indonesia is ranked 7th 80.0 largest gold producer in the Import gold Bullion USD +2 billion/year world in 2023 with gold 60.0 production of 132.5 tons. 40
Slide 25: Global vs Indonesia Paradox
Global vs Indonesia Paradox • The world's central banks have continued to purchase 1,000 tons of physical gold bullion since 2022. The gold accumulation action of the world's central banks is expected to continue in 2025 amid the uncertainty of global economic and geopolitical conditions. In 2024, t
Slide 26: China Policy Becomes Bullion Bank Catalyst
China Policy Becomes Bullion Bank Catalyst Potential Bullion Pilot Project Demand from China 2025 Indonesian Financial • Ten Chinese Insurance companies including PICC Property & Institutions Casualty Co. and China Life Insurance Co., two of China's largest Bank Umum** 12,147.17 companies will be ab
Slide 27: Bullion Bank Indonesia
BULLION BANK INDONESIA 2 1st License Jan 6, 2025 2nd License Targeted in 1H25 FUNCTIONS OF BULLION BANK INDONESIA MAIN PLAYERS Gold Gold Gold Gold Others Deposits & Saving Custody Trading Financing Financial Services BACKGROUND MIN THE ESTABLISHMENT MIN CAPITAL Gold TRANSACTION (IDR TN) (gold in gra
Slide 28: Potential Value of Gold Business Ecosystem in Indonesia
Potential Value of Gold Business Ecosystem in Indonesia Upstream Midstream Gold Mining Production Manufacturing Production INDONESIA INDONESIA Total Production (2023) Total Production (2024) Downstream x x ASP in Ton (2024) ASP in Ton (2023) Total Gold Demand INDONESIA 190 (2024) x Rp1.240 bn 132.5
Slide 29: Economic Impact of Bullion Bank in Indonesia
Economic Impact of Bullion Bank in Indonesia Impact of functioning gold ecosystem Bullion Service will increase the money supply by up to (increased gold production) IDR 53 trillion (+0.75%) GDP Opening New Job GDP Consumption Investment (Impact from Gold Business) Opportunities (Impact from Money S
Slide 30: HRTA's Position in the Gold Business Value Chain
HRTA's Position in the Gold Business Value Chain UPSTREAM MIDSTREAM OFFTAKER FROM MINING (REFINERY) DOWNSTREAM LARGEST DISTRIBUTION FROM BOTH DOMESTIC AND INTERNATIONAL GOLD JEWELLERY AND GOLD BAR MANUFACTURING FACTORY
Slide 31: 2025 Business Strategy
2025 Business Strategy HRTA’s Role in 1Q25 Financial Bullion Bank 2025 Business HRTA at a glance Highlight Ecosystem Strategy
Slide 32: 2025 Business Strategy
2025 BUSINESS STRATEGY BULLION BANK INDONESIA Boosting company performance to be LBMA CERTIFICATION 1 a key player in the Bullion Bank 4 In the process to acquire LBMA ecosystem Certification for bullion product STRENGTHENING HRTA’S BRAND IMAGE ENGAGING LOCAL MINERS 2 Enhancing HRTA’s brand image by
Slide 33: Disclaimer
Disclaimer By attending this presentation, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. The information and opinions contained in this presentation are intended solely for your
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