Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — Q1 2026 Earnings Presentation
22 slides from Pt Mitra Adiperkasa Tbk's earnings presentation, August 2026
Slide 1: Unaudited Result Q1 2026
UNAUDITED RESULT Q1 2026 1
Slide 2: Table of Contents
TABLE OF CONTENTS 01. Indonesia Macroeconomic Indicators 02. Overview of MAP Group 03. Q1 2026 Financial Highlights 04. Appendix 2
Slide 3: We monitor macroeconomic developments closely
We monitor macroeconomic developments closely to ensure we remain responsive to changing conditions. Indonesia GDP growth (%YoY) (%) INFLATION Quarter Q1 Q2 Q3 Q4 7.0 2019 5.1 5.1 5.0 5.0 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 3.48 2023 5.0 5.2 4.9 5.0 2.0
Slide 4: Overview of Group
OVERVIEW OF GROUP Over 4,192 150 + Retail Stores 80 + 55 online stores + Presence in 3rd party online stores World Class Brands Cities* 7 Countries Indonesia Vietnam Philippines Singapore 34,018 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 & Stores Specialty Stores Others Beverage Active Fashion & Beauty Tech Sports Zara Gianvito Rossi Sephora Digimap Starbucks Coffee Kinokuniya SOGO Sports Station Skechers 2XU BOSS Golf Massimo Dutti Forever New Sulwhasoo Digiplus Subway Alun Alun Indonesia SEIBU New Balance Crocs PXG
Slide 7: Retail Footprint Q1 2026
RETAIL FOOTPRINT Q1 2026 Category No. Stores Space (sqm) Consolidated 4,192 1,267,253 Department Store 69 338,744 Specialty Store 3,258 706,865 Active 2,291 484,264 Fashion & Beauty 731 198,868 Digital 236 23,733 F&B 859 213,513 Others 6 8,131 7
Slide 8: Financial Highlights Q1 2026
Financial Highlights Q1 2026 8
Slide 9: Financial Highlights Q1 2026
*) After PSAK 73/ IFRS 16 Q1 Q1 in IDR Billion % Growth 2026 2025 Net Sales 12,292 9,310 32.0% Gross Profit 4,878 4,094 19.1% % Margin 39.7% 44.0% EBIT 1,051 778 35.0% % Margin 8.6% 8.4% EBITDA 1,947 1,557 25.1% % Margin 15.8% 16.7% Net Profit 762 567 34.5% % Margin 6.2% 6.1% NPATMI 628 472 33.0% %
Slide 10: Net Sales % Growth YoY Q1 26
(IDR bn, %) % GROWTH Q1 26 Q1 25 Q1 24 Q1 23 Q1 22 YoY 32.0% 5.9% 17.8% 32.5% 30.6% 12,292 NET SALES 9,310 8,788 7,462 5,633 Q1 26 Q1 25 Q1 24 Q1 23 Q1 22 10
Slide 11: Inventory Days and Aging Inventory
(Days, IDR bn, %) AGING INVENTORY Q1 26 FY 25 FY 24 FY 23 FY 22 > 6 MONTHS 28% 29% 26% 23% 25% 136 126 126 102 96 INVENTORY DAYS 11
Slide 12: Balance Sheet
(IDR bn) As of As of As of As of As of As of ASSETS LIABILITIES & EQUITY 31 MAR '26 31 DEC '25 31 DEC '24 31 MAR '26 31 DEC '25 31 DEC '24 CASH & EQUIVALENTS 5,274 5,042 4,040 BANK LOAN 3,474 2,898 2,329 ACCOUNT 964 1,157 1,086 BONDS PAYABLE - - 430 RECEIVABLES INVENTORIES 9,777 9,342 8,290 ACCOUNT
Slide 13: Stores by Country as of March 2026
as of March 2026 INDONESIA PHILIPPINES VIETNAM • 3,667 stores • 263 stores • 47 stores • 150+ exclusive brands • 23 exclusive brands • 13 exclusive brands THAILAND MALAYSIA SINGAPORE CAMBODIA • 49 stores • 127 stores • 27 stores • 12 stores • 11 exclusive brands • 9 exclusive brands • 10 exclusive b
Slide 14: Stores by Region in Indonesia
as of March 2026 Bali Jawa 6% Sumatera 18% 8% Sulawesi 2% Others 3% Overseas Jakarta 16% 47% 14
Slide 15: Online Retail Stores
ONLINE RETAIL STORES ACTIVE FASHION DIGITAL 3rd Party Marketplaces SPORTS STATION NEW BALANCE ID ZARA ID DIGIMAP ID SHOPEE PLANET SPORTS.ASIA NEW BALANCE TH ZARA VN DIGIMAP PH LAZADA FOOT LOCKER ID ALDO ID ZARA Cambodia DIGIBOX VN TOKOPEDIA FOOT LOCKER MY ALDO MY PULL & BEAR DIGIBOX Cambodia ZALORA
Slide 16: Contribution by Channel and Segment
(IDR bn, %) CONTRIBUTION BY CHANNEL ONLINE SALES CONTRIBUTION Own Platforms, Q1 26 Q1 25 2025 2024 2023 36% CONTRIBUTION 11.3% 8.6% 9.8% 9.2% 8.8% 4,203 3,482 3rd Party Marketplaces, 64% 2,933 CONTRIBUTION BY SEGMENT 1,395 Dept Store 802 Fashion F&B 12% 8% 4% Foodhall 1% Q1 26 Q1 25 2025 2024 2023 Q
Slide 17: 17
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Slide 18: Operational Expenditure
OPERATIONAL EXPENDITURE *) After PSAK 73/ IFRS 16 Q1 Q1 FY FY in % of sales 2026 2025 2025 2024 NET SALES 12,292 9,310 43,083 37,836 LABOR 10.2% 11.6% 10.2% 10.7% RENTAL 4.0% 4.8% 4.1% 4.4% DEPRECIATION & AMORT. 7.2% 8.2% 7.6% 7.8% UTILITIES 1.0% 1.3% 1.1% 1.2% A&P 1.5% 1.4% 1.8% 1.7% OTHERS 7.2% 8.
Slide 19: Specialty Store
SPECIALTY STORE *) After PSAK 73/ IFRS 16 In IDR BN Q1 26 Q1 25 FY 25 FY 24 Net Revenue 10,662 7,800 36,846 31,631 % Growth 36.7% 6.8% 16.5% 20.6% EBIT 998 705 3,753 3,120 % Ebit Margin 9.4% 9.0% 10.2% 9.9% FASHION ACTIVE TECH ZARA 21 Stores SPORTS STATION 404 Stores DIGIMAP 230 Stores MARKS & SPENC
Slide 20: Food & Beverage
FOOD & BEVERAGE *) After PSAK 73/ IFRS 16 FOOD & BEVERAGE In IDR BN Q1 26 Q1 25 FY 25 FY 24 STARBUCKS COFFEE 592 Stores SUBWAY 112 Stores Net Revenue 806 719 3,236 3,228 PIZZA MARZANO 23 Stores % Growth 12.0% -8.7% 0.2% -19.3% COLD STONE 15 Stores KRISPY KREME 44 Stores EBIT (63) (62) (137) (96) GOD
Slide 21: Department Store
DEPARTMENT STORE *) After PSAK 73/ IFRS 16 In IDR BN Q1 26 Q1 25 FY 25 FY 24 Net Revenue 758 727 2,742 2,694 % Growth 4.1% 17.2% 1.8% 5.8% EBIT 119 141 377 415 % Ebit Margin 15.7% 19.4% 13.7% 15.4% DEPARTMENT STORE SOGO 18 Stores SEIBU 1 Stores GALERIES LAFAYETTE 1 Stores THE FOODHALL 49 Stores TOTA
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