PT Mitra Pinasthika Mustika Tbk · IDX:MPMX
PT Mitra Pinasthika Mustika Tbk — 9M 2022 Earnings Presentation
21 slides from PT Mitra Pinasthika Mustika Tbk's earnings presentation, December 2022
Slide 1: 9M-2022 Business Update
9M-2022 Business Update (Ticker: MPMX)
Slide 2: Disclaimer
DISCLAIMER These materials have been prepared by PT Mitra Pinasthika Mustika Tbk (the “Company”, “MPM”) and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information
Slide 3: Table of Content
01 A Glance of MPM Group TABLE 02 9M-2022 Performance OF CONTENT 03 Segment Business Updates 04 MPM Group Financials
Slide 4: Shareholders Composition
Shareholders Composition Our Shareholders (as of 30 Sep 2022) 2.5% Number of Shares Shareholders (in Mn) Saratoga 2,530 35.8% Persada Capital 223 Public 1,601 56.7% Treasury 109 Total 4,463 5.0% 4
Slide 5: Business Structure & Key Milestone
Business Structure & Key Milestone Business Structure Recent Key Milestone • Established strategic partnership with Carro (Carro invested Operation Business Ownership Offices / Branches 50% stakes in MPM Rent) 2 Segment Description 2022 • Ownership increase in MPMI to 96% 2W Distribution • Shares su
Slide 6: 9M-2022 Performance
01 A Glance of MPM Group 9M-2022 Performance TABLE 02 OF CONTENT 03 Segment Business Updates 04 MPM Group Financials
Slide 7: Results Snapshot
Results Snapshot MPMX books solid performance with Net Profit growth by 42% YoY to IDR 457 billion in 9M22 Net Revenues 1 Net Profit Cash and Cash Equivalents 1 (in IDR bn) (in IDR bn) (in IDR bn) -3% +42% +13% 8,811 8,564 457 1,988 1,752 323 9M21 9M22 9M21 9M22 2021 9M22 Highlight Summary: • MPMX m
Slide 8: Performance Summary: 9M22 vs 9M21
Performance Summary : 9M22 vs 9M21 Financial Results Performance Summary vs vs vs Distribution and Retail Insurance in IDR bn 9M22 9M21 3Q22 3Q21 2Q22 Motorcycle Spare part Gross Investment Units Sold Revenue Premium Rate2 Net Revenues 8,564 (3%) 3,453 19% 51% -12% 17% 12% -5% Distribution & Retail
Slide 9: Segment Business Updates
01 A Glance of MPM Group 02 9M-2022 Performance TABLE OF CONTENT 03 Segment Business Updates 04 MPM Group Financials
Slide 10: Distribution & Retail – Main Dealer
Segment: 1 Distribution & Retail – Main Dealer Resulted from the recovery of motorcycle sales volume in 3Q22, we managed to increase the sales volume to 424 thousand units while spare parts sales still improved by 17% YoY driven by increase in sales price and volume Mulia Motorcycle Sales Volume (In
Slide 11: Distribution & Retail – Retail Outlet
Segment: 1 Distribution & Retail – Retail Outlet The retail unit sales volume had surpassed last year’s sales by 3% YoY followed by the increase in spare part & service revenue by 12% YoY MPM Motor (MSO) Motorcycle Sales Volume (In ‘000 Units) MPM Motor (MSO) Spare Parts and Service Revenue (In IDR
Slide 12: Insurance
Segment: 2 Insurance Growth of gross premium mainly driven by property and motor vehicle insurance General Insurance Gross Premium (In IDR bn) Breakdown of General Insurance Gross Premium Premium Product Type Proportion Product +12% YoY Changes 9M21 9M22 619 Motor Vehicle +12% 35% 35% 551 Property +
Slide 13: Associated Co – MPM Rent
Segment: 3 Associated Co – MPM Rent Commercial fleet became the main rental growth contributor which The number of car rented units is increasing by 11% to 12,191 units was driven by higher demand from logistics and trading customers Increment Of Total Car Available For Rent (In Units) Shifting In R
Slide 14: Associated Co – MPM Rent
Segment: 3 Associated Co – MPM Rent Used car sales volume increased by 14% in 9M22 and external unit Improvement in car sales gross margin to 32% in 9M22 drives to contribution improved from 14% to 27% higher profitability Used Car Sales Volume (In Units) Used Car Sales Gross Margin Improvement (In
Slide 15: Associated Co – MPM Rent
Segment: 3 Associated Co – MPM Rent The number of rented drivers is increasing by 8% to 1,453 persons in Higher average monthly revenue per driver by 12% in 9M22 driven by 9M22 higher overtime Number of Rented Drivers (In Persons) Average Monthly Revenue per Driver (In IDR Mn) +8% +12% 1,453 11 1,34
Slide 16: Associated Co – JACCS MPMF Indonesia
Segment: 4 Associated Co – JACCS MPMF Indonesia Positive trend on 9M22 average new bookings compared to the FY20 and FY21 average driven by used motor vehicle financing Monthly New Booking Amount (In IDR bn) 500 467 461 450 428 418 9M22 Avg: IDR 374 Bn 400 377 380 350 +27% 320 295 300 2021 Avg: IDR
Slide 17: Associated Co – JACCS MPMF Indonesia
Segment: 4 Associated Co – JACCS MPMF Indonesia Used vehicle financing is the main contributor and growth driver in 9M22 New Booking Amount by Products (In IDR bn) +41% 3,363 2,383 +95% +9% 100% 1,386 1,174 1,278 100% +34% +63% 710 -14% 41% 49% 38% 268 358 301 30% 185 47 40 11% 11% 8% 9% 2% 1% Total
Slide 18: MPM Group Financials
01 A Glance of MPM Group 9M-2022 Performance TABLE 02 OF CONTENT 03 Segment Business Updates 04 MPM Group Financials
Slide 19: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account In IDR bn P&L Account 9M21 9M22 Changes Continuing Operation Net Revenues 8,811 8,564 (3%) Gross Profit 716 733 2% Operating Expenses (538) (570) 6% Other Income 108 141 30% Other Expenses (11) (5) (56%) Operating Profit 275 299 9% Finance Income 94 75 (19%) Financ
Slide 20: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position In IDR bn Balance Sheet Account FY21 9M22 Changes Assets Cash and Cash Equivalents 1,848 1,988 8% Trade Receivables 261 355 36% Inventories 148 202 37% Investment in Associates 1) 856 2,243 162% Guarantee Deposits 925 940 2% Fixed Assets 2) 2,899 834 (71%
Slide 21: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow In IDR bn +153% 3) -215% 2) +44% 1) 766 113 533 1,988 1,773 76 1,848 1,631 -99 -739 -292 Beginning Operational Investment Financing End Balance Changes to Beginning Operational Investment Financing End Balance Balance Activities Activities Activities 9M21 End of 2
PT Mitra Pinasthika Mustika — 9M 2022 Earnings Presentation on 6ix