Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — Mitra Adiperkasa — Q1 2024 Earnings Presentation
21 slides from Pt Mitra Adiperkasa Tbk's earnings presentation, 2024
Slide 1: Mitra Adiperkasa Unaudited Result Q1 2024
Mitra Adiperkasa UNAUDITED RESULT Ql 2024
Slide 2: Table of Contents
Table of Contents •Indonesia Macroeconomic Indicators •Overview of MAP Group •Q1 2024 Financial Highlights •Appendix
Slide 3: Indonesia GDP growth and inflation
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 7.0 Quarter Q1 Q2 Q3 Q4 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 3,277 150+ 110+ Retail Stores + 49 online stores World Class Brands Retail Concepts + Presence in 3rd party online stores Over 80 29,747 Cities** Employees ** Excluding regional countries 4
Slide 5: Brands by 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 Alun Alun Indonesia SEIBU Massimo Dutti Max Mara Sulwhasoo Planet Sports.Asi
Slide 6: Retail Footprint Q1 2024
RETAIL FOOTPRINT Q1 2024 No. Stores Space (sqm) Consolidated 3,277 1,110,261 Department Store 62 333,802 Specialty Store 2,367 549,087 Active 1,719 366,625 Fashion & Beauty 535 170,385 Digital 113 12,077 F&B 843 219,398 Others 5 7,974 6
Slide 7: Q1 2024 Financial Highlights
Q1 2024 FINANCIAL HIGHLIGHTS 7
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS *) After PSAK 73/ IFRS 16 Q1 Q1 in IDR Billion % Growth 2024 2023 Net Sales 8,788 7,462 17.8% Gross Profit 3,748 3,302 13.5% % Margin 42.6% 44.3% EBIT 713 664 7.4% % Margin 8.1% 8.9% EBITDA 1,462 1,280 14.2% % Margin 16.6% 17.2% Net Profit 501 477 5.0% % Margin 5.7% 6.4% NPATMI
Slide 9: Net Sales & Growth
NET SALES & GROWTH (IDR bn, %) % GROWTH Q1 24 Q1 23 Q1 22 Q1 21 Q1 20 YoY 17.8% 32.5% 30.6% -8.7% 0.6% 8,788 NET SALES 7,462 5,633 4,722 4,313 Q124 Q123 Q122 Q121 Q120 9
Slide 10: Inventory Level
INVENTORY LEVEL (Days, IDR bn, %) Aging Inventory Q1 24 2023 2022 2021 2020 2019 > 6 month 24% 23% 25% 43% 38% 23% 152 138 126 125 109 102 INVENTORY DAYS 10
Slide 11: Balance Sheet
BALANCE SHEET (IDR bn) As of As of As of As of As of As of ASSETS LIABILITIES & EQUITY 31 MAR '24 31 DEC '23 31 DEC '22 LIABILITIES & As31 ofMAR '24 As 31 of DEC '23 31As of '22 DEC CASH & EQUIVALENTS 2,830 3,675 3,851 EQUITY BANK LOAN 31 Dec22 3,477 31 Dec21 2,885 31 Dec20 611 ACCOUNT RECEIVABLES 1
Slide 12: Stores by country
as of March 2024 INDONESIA PHILIPPINES VIETNAM • 2,911 stores • 179 stores • 53 stores • 150+ exclusive brands • 20 exclusive brands • 15 exclusive brands THAILAND MALAYSIA SINGAPORE CAMBODIA • 42 stores • 50 stores • 31 stores • 11 stores • 14 exclusive brands • 5 exclusive brands • 7 exclusive bra
Slide 13: Store distribution by region
as of March 2024 Overseas Others 16% 3% Sulawesi 3% Sumatera Jakarta 5% 50% Bali 5% Jawa 18% 13
Slide 14: Online platforms
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 Footlocker PH Converse MY MASS
Slide 15: Digital sales contribution
(IDR bn, %) Q1 24 Q1 23 2023 2022 2021 CONTRIBUTION 9.1% 8.1% 8.8% 9.0% 13.0% 3rd Party 2,933 Marketplace Own Sites 50.2% 49.8% 2,419 2,388 798 604 Digimap 20% Foodhall 1% Q1 24 Q1 23 2023 2022 2021 Food &Beverage 5% Active Dept Store 46% Q1 2024 Sales Contribution 9.1% 10% Fashion 18% 15
Slide 16: 16
16
Slide 17: Operational Expenditure
OPERATIONAL EXPENDITURE *) After PSAK 73/ IFRS 16 in % of sales Q1 24 Q1 23 2023 2022 NET SALES 8,788 7,462 33,319 26,937 LABOR 11.0% 11.9% 11.3% 10.9% RENTAL 4.8% 4.7% 4.3% 3.5% DEPRECIATION & AMORT. 8.4% 8.2% 7.7% 8.8% UTILITIES 1.2% 1.2% 1.2% 1.2% A&P 1.5% 1.0% 1.7% 1.4% OTHERS 7.7% 8.4% 8.4% 7.5
Slide 18: Specialty Store
SPECIALTY STORE *) After PSAK 73/ IFRS 16 In IDR BN Q1 24 Q1 23 FY 23 FY 22 Net Revenue 7,305 5,778 26,229 20,677 % Growth 26.4% 33.9% 26.9% 51.5% EBIT *) 606 506 3,070 2,563 % Ebit Margin 8.3% 8.8% 11.7% 12.4% FASHION & BEAUTY ACTIVE DIGITAL ZARA 21 Stores SPORTS STATION 359 Stores DIGIMAP 105 Stor
Slide 19: Food & Beverage
FOOD & BEVERAGE *) After PSAK 73/ IFRS 16 In IDR BN Q1 24 Q1 23 FY 23 FY 22 FOOD & BEVERAGE STARBUCKS COFFEE 607 Stores Net Revenue 788 957 3,999 3,437 SUBWAY 104 Stores % Growth -17.7% 34.8% 16.4% 41.3% PIZZA MARZANO 22 Stores COLD STONE 17 Stores EBIT *) (26) 31 170 216 KRISPY KREME 35 Stores % Eb
Slide 20: Department Store
DEPARTMENT STORE *) After PSAK 73/ IFRS 16 In IDR BN Q1 24 Q1 23 FY 23 FY 22 Net Revenue 621 610 2,547 2,292 % Growth 1.8% 21.1% 11.1% 23.7% EBIT *) 101 111 347 309 % Ebit Margin 16.3% 18.3% 13.6% 13.5% DEPARTMENT STORE SOGO 18 Stores SEIBU 2 Stores GALERIES LAFAYETTE 1 Stores THE FOODHALL 41 Stores
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