Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — H1 2025 Earnings Presentation
22 slides from Pt Mitra Adiperkasa Tbk's earnings presentation, 2025
Slide 1: Mitra Adiperkasa Unaudited Result 1H/2Q 2025
Mitra Adiperkasa UNAUDITED RESULT 1H/2Q 2025
Slide 2: Table of Contents
TABLE OF CONTENTS 1. Indonesia Macroeconomic Indicators 2. Overview of MAP Group 3. 1H 2025 Financial Highlights 4. Appendix
Slide 3: We monitor macroeconomic developments closely
We monitor macroeconomic developments closely to ensure we stay responsive to changing conditions. Indonesia GDP growth (%YoY) Quarter Q1 Q2 Q3 Q4 (%) INFLATION 2019 5.1 5.1 5.0 5.0 7.0 6.0 2020 3.0 -5.3 -3.5 -2.2 5.0 2021 -0.7 7.1 3.5 5.0 4.0 2022 5.0 5.4 5.7 5.0 3.0 2023 5.0 5.2 4.9 5.0 1.87 2.0 2
Slide 4: Overview of Group
OVERVIEW OF GROUP Over 3,832 150 + Retail Stores 80 + 51 online stores + Presence in 3rd party online stores World Class Brands Cities* 7 Countries Indonesia Vietnam Philippines Singapore 31,499 Thailand Malaysia Cambodia Employees * Excluding regional countries 4
Slide 5: Morning -
Morning 3 - 38 Power dressing Travelling \, Ree Passion for in-style _ sports
Slide 6: Specialty Stores
Department Food & Specialty Stores Others Stores Beverage Active Fashion & Beauty Digital Tabata SOGO Sports Kids Zara Travelogue Sephora Digimap Starbucks Coffee Kinokuniya Crocs SEIBU Sports Station XXIO Kidz Station Massimo Dutti Max Mara Sulwhasoo Digiplus Subway Alun Alun Indonesia Galeries La
Slide 7: Retail Footprint 1H 2025
RETAIL FOOTPRINT 1H 2025 No. Stores Space (sqm) Consolidated 3,832 1,224,205 Department Store 69 339,939 Specialty Store 2,902 660,808 Active 2,125 457,356 Fashion & Beauty 580 183,852 Digital 197 19,600 F&B 855 215,290 Others 6 8,168 7
Slide 8: 1H/2Q 2025 Financials
1H/2Q 2025 FINANCIALS 8
Slide 9: Financial highlights in IDR Billion
*) After PSAK 73/ IFRS 16 1H 1H 2Q 2Q in IDR Billion % Growth % Growth 2025 2024 2025 2024 Net Sales 19,562 17,993 8.7% 10,262 9,205 11.5% Gross Profit 8,319 7,795 6.7% 4,234 4,048 4.6% % Margin 42.5% 43.3% 41.3% 44.0% EBIT 1,620 1,616 0.2% 851 903 -5.8% % Margin 8.3% 9.0% 8.3% 9.8% EBITDA 3,250 3,0
Slide 10: % Growth YoY Net Sales
(IDR bn, %) % GROWTH 1H 25 1H 24 1H 23 1H 22 1H 21 YoY 8.7% 15.4% 27.3% 34.1% 33.9% 19,562 NET SALES 17,993 15,595 12,248 9,135 1H 25 1H 24 1H 23 1H 22 1H 21 10
Slide 11: Aging Inventory and Inventory Days
(Days, IDR bn, %) AGING INVENTORY 1H 25 FY 24 FY 23 FY 22 FY 21 FY 20 > 6 MONTHS 26% 26% 23% 25% 43% 38% 152 138 136 126 125 102 INVENTORY DAYS 11
Slide 12: Balance Sheet (IDR bn)
(IDR bn) As of As of As of As of As of As of ASSETS LIABILITIES & EQUITY 30 JUNE '25 31 DEC '24 31 DEC '23 30 JUNE '25 31 DEC '24 31 DEC '23 CASH & EQUIVALENTS 3,639 4,040 3,675 BANK LOAN 3,345 2,329 2,885 ACCOUNT 898 1,086 1,145 BONDS PAYABLE 430 430 430 RECEIVABLES INVENTORIES 10,057 8,290 8,088 A
Slide 13: Stores by Country as of June 2025
as of June 2025 INDONESIA PHILIPPINES VIETNAM • 3,381 stores • 247 stores • 40 stores • 150+ exclusive brands • 21 exclusive brands • 14 exclusive brands THAILAND MALAYSIA SINGAPORE CAMBODIA • 53 stores • 70 stores • 28 stores • 13 stores • 11 exclusive brands • 5 exclusive brands • 8 exclusive bran
Slide 14: Sales by Region as of June 2025
as of June 2025 Others 3% Overseas Sulawesi 17% 2% Sumatera 6% Bali 6% Jakarta Jawa 47% 19% 14
Slide 15: Online Retail Stores
ONLINE RETAIL STORES ACTIVE FASHION DIGITAL OTHERS SPORTS STATION NEW BALANCE ID ZARA ID DIGIMAP ID KINOKUNIYA PLANET SPORTS.ASIA NEW BALANCE TH ZARA VN DIGIMAP PH FOOT LOCKER ID ALDO ID ZARA Cambodia DIGIBOX VN 3rd Party Marketplaces FOOT LOCKER MY ALDO MY PULL & BEAR DIGIBOX Cambodia SHOPEE FOOT L
Slide 16: Contribution by Channel and Segment
(IDR bn, %) CONTRIBUTION BY CHANNEL ONLINE SALES CONTRIBUTION 1H 25 1H 24 2024 2023 2022 2021 CONTRIBUTION 8.7% 8.9% 9.2% 8.8% 9.0% 13.0% 3,482 2,933 2,419 2,388 1,695 1,594 CONTRIBUTION BY SEGMENT Foodhall Digimap 1% 17% F&B 5% 1H 25 1H 24 2024 2023 2022 2021 Dept Store 13% 1H 2025 Sales Contributi
Slide 17: 17
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Slide 18: Operational Expenditure
OPERATIONAL EXPENDITURE *) After PSAK 73/ IFRS 16 in % of sales 1H 25 1H 24 2Q 25 2Q 24 FY 24 FY 23 NET SALES 19,562 17,993 10,262 9,205 37,836 33,319 LABOR 11.2% 11.3% 10.8% 11.6% 10.7% 11.3% RENTAL 4.5% 4.8% 4.1% 4.9% 4.4% 4.3% DEPRECIATION & AMORT. 8.2% 7.8% 8.2% 7.3% 7.8% 7.7% UTILITIES 1.2% 1.2
Slide 19: Specialty Store
SPECIALTY STORE *) After PSAK 73/ IFRS 16 In IDR BN 1H 25 1H 24 2Q 25 2Q 24 Net Revenue 16,544 14,892 8,754 7,587 % Growth 11.1% 23.6% 15.4% 21.1% EBIT 1,513 1,447 818 841 % Ebit Margin 9.1% 9.7% 9.3% 11.1% FASHION ACTIVE DIGITAL ZARA 20 Stores SPORTS STATION 396 Stores DIGIMAP 190 Stores MARKS & SP
Slide 20: Food & Beverage
FOOD & BEVERAGE *) After PSAK 73/ IFRS 16 FOOD & BEVERAGE In IDR BN 1H 25 1H 24 2Q 25 2Q 24 STARBUCKS COFFEE 596 Stores Net Revenue 1,521 1,626 801 838 SUBWAY 115 Stores % Growth -6.5% -18.7% -4.4% -19.6% PIZZA MARZANO 22 Stores COLD STONE 15 Stores EBIT Loss (97) (48) (35) (22) KRISPY KREME 39 Stor
Slide 21: Department Store
DEPARTMENT STORE *) After PSAK 73/ IFRS 16 In IDR BN 1H 25 1H 24 2Q 25 2Q 24 Net Revenue 1,366 1,323 638 703 % Growth 3.2% 4.8% -9.2% 7.7% EBIT 216 180 75 79 % Ebit Margin 15.8% 13.6% 11.7% 11.3% DEPARTMENT STORE SOGO 18 Stores SEIBU 2 Stores GALERIES LAFAYETTE 1 Stores THE FOODHALL 48 Stores TOTAL
Slide 22: 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