Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — Q3 2023 Earnings Presentation
20 slides from Pt Mitra Adiperkasa Tbk's earnings presentation, 2023
Slide 1: Unaudited Result 9M/3Q 2023
865 MAP Mitra Adiperkasa UNAUDITED RESULT 9IM/3Q 2023
Slide 2: Table of Contents
TABLE OF CONTENTS Indonesia Macroeconomic 1 Indicators 2 OVERVIEW OF MAP GROUP 9M/3Q 2023 FINANCIAL 3 HIGHLIGHTS 4 APPENDIX 2
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) (%) Inflation Quarter Q1 Q2 Q3 Q4 7.0 2017 5.0 5.0 5.1 5.2 6.0 2018 5.1 5.3 5.2 5.2 5.0 2019 5.1 5.1 5.0 5.0 4.0
Slide 4: Overview of Group
OVERVIEW OF GROUP 3,399 150+ 110+ Retail Stores* + 45 online stores World Class Brands Retail Concepts + Presence in 3rd party online stores Over 80 28,189 Cities** Employees * Data includes Burger King and Domino’s Pizza 4 ** Excluding regional countries
Slide 5: Brand portfolio by business segment
Department Food & Specialty Stores Others Stores Beverage Active Fashion & Beauty Digital Sports Tabata Energetics Digimap Starbucks Coffee Kinokuniya SOGO Zara Travelogue Sephora Sports Station 2XU Champion Digiplus Subway Samsonite SEIBU Massimo Dutti Max Mara Sulwhasoo Planet Sports.Asia Crocs Ae
Slide 6: MAPI Retail Footprint 9M/3Q 2023
MAPI RETAIL FOOTPRINT 9M/3Q 2023 No. stores Space (sqm) CONSOLIDATED 3,008 1,037,740 DEPT STORE 58 332,121 SPC. STORE 2,095 483,934 ACTIVE 1,518 313,654 FASHION & BEAUTY 500 161,493 DIGITAL 77 8,787 F&B 803 209,533 OTHERS 52 12,152 Exclude: 173 Burger King & 218 Domino’s Pizza 6
Slide 7: 9M/3Q 2023 Financial Highlights
9M/3Q 2023 FINANCIAL HIGHLIGHTS 7
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS *) After PSAK 73/ IFRS 16 (IDR bn, %) 9M23 9M22 GROWTH 3Q23 3Q22 GROWTH NET SALES 23,792 18,821 26.4% 8,198 6,573 24.7% GROSS PROFIT 10,859 8,488 27.9% 3,786 3,056 23.9% 45.6% 45.1% 46.2% 46.5% EBIT 2,566 2,178 17.8% 832 854 -2.5% 10.8% 11.6% 10.2% 13.0% EBITDA 4,400 3,926 12.1%
Slide 9: Net Sales & Growth
NET SALES & GROWTH (IDR bn, %) 9M23 9M22 9M21 9M20 9M19 % GROWTH YoY 26.4% 55.8% 18.3% -33.9% 11.7% 23,792 NET SALES 18,821 15,449 12,080 10,216 9M23 9M22 9M21 9M20 9M19 9
Slide 10: Inventory Level
INVENTORY LEVEL (Days, IDR bn, %) 9M23 1Q23 FY22 FY22 2022 FY21 2021 FY20 2020 FY19 2019 AGING INVENTORY > 6 Months 24% 25% 43% 38% 23% 152 125 INVENTORY DAYS 113 109 102 9M23 2022 2021 2020 2019 Our ability to absorb and utilize data has greatly increased year after year, resulting in a significant
Slide 11: Balance Sheet
BALANCE SHEET (IDR bn) As of As of As of LIABILITIES & As of As of As As of of As Asof of ASSETS LIABILITIES EQUITY & EQUITY 31 Dec22 31 Dec21 31 Dec20 30 Sept '23 31 DEC '22 31 DEC '21 30 Sept '23 31 DEC '22 31 DEC '21 CASH & EQUIVALENTS 2,959 3,851 2,778 BANK LOAN 1,680 611 1,146 ACCOUNT RECEIVABL
Slide 12: Presence in Indonesia, Philippines, Vietnam and other countries
as of September 2023 INDONESIA PHILIPPINES VIETNAM • 2,728 stores • 134 stores • 57 stores • 150+ exclusive brands • 12 exclusive brands • 15 exclusive brands THAILAND MALAYSIA SINGAPORE CAMBODIA • 16 stores • 37 stores • 28 stores • 8 stores • 12 exclusive brands • 4 exclusive brands • 5 exclusive
Slide 13: Sales by region
Overseas, 12% Others, 3% Sulawesi, 2% Sumatera, 6% Bali, 5% Jawa, 19% Jakarta, 54% 13
Slide 14: Active, Fashion, Digital online platforms
ACTIVE FASHION DIGITAL 3rd Party Marketplaces Planetsports.asia Newbalance ID ZARA ID DIGIMAP SHOPEE Sportsstation.id Converse ID ZARA VN LAZADA Lineashoes.com Converse PH ZARA Cambodia OTHERS TOKOPEDIA Footlocker ID Converse SG PULL & BEAR ZALORA Footlocker PH Converse MY MASSIMO DUTTI ID KINOKUNIY
Slide 15: Digital Performance
DIGITAL PERFORMANCE (IDR bn, %) 3rd Party 9M23 9M22 2022 2021 2020 2019 Marketplace Own CONTRIBUTION 8.5% 9.5% 9.0% 13.0% 10.9% 1.6% 40% Sites 60% 2,419 2,388 2,029 1,781 1,612 348 Digimap 14% Foodhall 9M23 9M22 2022 2021 2020 2019 2% Active F&B 43% 11% 9M23 Sales Contribution Dept Store 10% 8.5% Fa
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Slide 17: Specialty Store
SPECIALTY STORE *) After PSAK 73/ IFRS 16 In IDR BN 9M 23 9M 22 3Q 23 3Q 22 Net Revenue 18,440 14,337 6,395 4,963 % Growth 28.6% 62.3% 28.9% 145.9% EBIT *) 2,117 1,808 682 706 % Ebit Margin 11.5% 12.6% 10.7% 14.2% FASHION & BEAUTY ACTIVE DIGITAL ZARA 17 Outlets SPORTS STATION 340 Outlets DIGIMAP 66
Slide 18: Food & Beverage
FOOD & BEVERAGE *) After PSAK 73/ IFRS 16 In IDR BN 9M 23 9M 22 3Q 23 3Q 22 FOOD & BEVERAGE STARBUCKS COFFEE 581 Outlets Net Revenue 3,072 2,458 1,073 901 SUBWAY 92 Outlets % Growth 25.0% 48.8% 19.1% 89.2% PIZZA MARZANO 22 Outlets COLD STONE 19 Outlets EBIT *) 178 153 89 48 KRISPY KREME 35 Outlets G
Slide 19: Department Store
DEPARTMENT STORE *) After PSAK 73/ IFRS 16 In IDR BN 9M 23 9M 22 3Q 23 3Q 22 Net Revenue 1,883 1,671 621 559 % Growth 12.7% 33.4% 11.1% 56.1% EBIT *) 268 245 53 112 % Ebit Margin 14.2% 14.7% 8.6% 20.0% DEPARTMENT STORE SOGO 17 Outlets SEIBU 2 Outlets GALERIES LAFAYETTE 1 Outlets THE FOODHALL 38 Outl
Slide 20: 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