Pt Midi Utama Indonesia Tbk · IDX:MIDI
Pt Midi Utama Indonesia Tbk — FY2023 Earnings Presentation
33 slides from Pt Midi Utama Indonesia Tbk's earnings presentation, May 10, 2024
Slide 1: PT Midi Utama Indonesia Tbk Updates on FY 2023 Results
PT Midi Utama Indonesia Tbk UPDATES ON FY 2023 RESULTS
Slide 2: Agenda
AGENDA ❖ Operational Performance Ytd Dec 2023 ❖ Financial Highlights Ytd Dec 2023 ❖ Outlook and Guidance for 2024 Public MIDI Public Expose - Mgt Expose -27-27 MeiMei Presentation2016 2016 PT PT Midi All Midi Rights Utama Reserved. Utama Indonesia Indonesia Tbk©Tbk Alfamidi 2023 All Rights All Right
Slide 3: Operational Performance Ytd Dec 2023
Operational Performance Ytd Dec 2023 Public MIDI Expose - Mgt -27 Mei 2016 Presentation PT Midi All Rights Utama Indonesia Reserved. Alfamidi ©Tbk 2023 All Rights Reserved. Alfamidi ©32016
Slide 4: Net Stores Addition and Total Number of Stores
Net Stores Addition and Total Number of Stores ▪ Net stores addition YTD Dec 2023 = 543 stores, grew by 23%, with details as follows: Alfamidi : 57 stores; Alfamidi Super : 5 stores; Midi fresh : (1) stores; Lawson : 482 stores (consists of 255 stand alone format and 227 store-in-store format). ▪ To
Slide 5: Stores Growth
Company Owned & Franchise Stores (All Formats) Stores Growth 3 60 121 248 333 536 649 810 1,063 1,265 1,444 1,482 1,626 1,889 2,095 2,363 2,906 +57 +61 +127 +85 +203 +113 +161 +253 +202 +179 +38 +144 +263 +206 +268 +543 120 96 75 54 42 26 34 20 2,786 20 2,267 13 2,020 10 1,584 1,835 6 1,418 1,448 2
Slide 6: Stores Growth
Stores Growth Alfamidi Alfamidi super Lawson Midi fresh Public MIDI Expose - Mgt -27 Mei 2016 Presentation PT Midi All Rights Utama Indonesia Reserved. Alfamidi ©Tbk 2023 All Rights Reserved. Alfamidi ©62016
Slide 7: Stores Composition
Stores Composition • The number of Alfamidi stores in outside Java island is still increasing comparing to Greater Jakarta and Java island (outside Greater Jakarta). Based on geographic breakdown, as of Dec 31, 2023, the number of Alfamidi stores located in outside Java island, Java island (other th
Slide 8: Stores Composition
Stores Composition Number of Stores Number of Stores Net Revenue (By Store Format) (All Formats; (By Store Format) By Geographic Location) • In term of number of stores, contribution of Lawson was increased from 8.1% in 2022 to 23.2% in Ytd Dec 2023. • Meanwhile, in term of net revenues, contributio
Slide 9: Network & Distribution
Network & Distribution Provinces where MIDI stores exist Provinces where MIDI has not penetrated yet Headquarter/branch office/warehouse locations As of Dec 31, 2023 • Alfamidi stores are supported by 11 warehouses, with the detail as follows: 2 warehouses in Greater Jakarta, 2 warehouses in Java is
Slide 10: Network & Distribution
Network & Distribution Warehouse in Bitung (Cikupa, Tangerang) Public Public Expose Expose MIDI -27 Mei Mei 2016 - Mgt- Presentation 18 2017 PT AllAll Midi Rights Rights Utama Indonesia Reserved. Alfamidi Reserved. ©Tbk Alfamidi 2017 © 2023 102016 All Rights Reserved. Alfamidi © 10
Slide 11: Online Channel
Online Channel • To fulfill customers’ need, besides through physical stores (offline channel), the Company does have online channel as well, through app of Midi Kriing, which is available on platform of Google Playstore and Appstore. The order will be delivered to customers without delivery fee (fr
Slide 12: Promotion Activities
Promotion Activities To increase brand equity, brand awareness dan maintain customer loyalty, several special promotion events carried out during Ytd Dec 2023 are as follows: Public MIDI Expose - Mgt -27 Mei 2016 Presentation PT Midi All Rights Utama Indonesia Reserved. Alfamidi ©Tbk 2023 All Rights
Slide 13: Customer Relationship Management (CRM)
Customer Relationship Management (CRM) Customer Loyalty Contribution Total Alfamidi Registered Member 5.33 M Total Alfamidi Registered Member Growth 7.33% (Ytd Dec-22 vs Ytd Dec-23) % Sales contribution of member 35.90% Growth 5.70% (Ytd Dec-22 vs Ytd Dec-23) Presence on Social Media FY 2022 Ytd Dec
Slide 14: Market Highlight from NielsenIQ
Market Highlight from NielsenIQ Source: NIQ (Nielsen IQ) Note: SMKA = Supermarket and Minimarket Key Accounts; YA = Year Ago/Last Year Public MIDI Public Expose - Mgt Expose -27-27 MeiMei Presentation2016 2016 PT PT Midi All Midi Rights Utama Reserved. Utama Indonesia Indonesia Tbk©Tbk Alfamidi 2023
Slide 15: Market Highlight from NielsenIQ
Market Highlight from NielsenIQ Source: NIQ (Nielsen IQ) Note: SMKA = Supermarket and Minimarket Key Accounts; KA = Key Accounts; YA = Year Ago/Last Year. Scope: 115 FMCG Categories Public MIDI Public Expose - Mgt Expose -27-27 MeiMei Presentation2016 2016 PT PT Midi All Midi Rights Utama Reserved.
Slide 16: ESG & Sustainability
ESG & Sustainability REDUCING PLASTIC BAG USAGE APPLICATION OF SOLAR PANEL ▪ Plastic bags usage was keep decreasing. ▪ Company has used solar panel in branch Palu, Central Sulawesi with a capacity of 41.44 Kwp It was decreased by 5.01% (YoY) from 31.77% for which can produce electricity power up to
Slide 17: ESG & Sustainability
ESG & Sustainability DISABLED EMPLOYEES DEVELOPING SMEs (LOCAL ITEM) GENDER DIVERSITY 282 People • Developing local Small and Medium- sized Enterpreneurs (SMEs) to sell their In office local products in Alfamidi stores. 35% In Stores In warehouse 11 Currently, approx. 200 SMEs. 65% 188 83 • Giving o
Slide 18: ESG & Sustainability
ESG & Sustainability In term of ESG In Nov 2023, MIDI obtained Naker Award 2023 from Ministry of Labor of Republic of Indonesia as the Best Company in 2023 for *)category Disajikanofkembali Large-Scale Domestic Company. This award is the achievement for MIDI’s contribution in development of national
Slide 19: Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) In line with one of the Company’s visions to be a retail network that integrated with the society, the Company is fully committed to carry out Corporate Social Responsibility (CSR) to the society. Several CSR’s activities carried out are as follows: • Donation t
Slide 20: Financial Highlights Ytd Dec 2023
Financial Highlights Ytd Dec 2023 Public MIDI Expose - Mgt -27 Mei 2016 Presentation PT Midi All Rights Utama Indonesia Reserved. Alfamidi ©Tbk 2023 202016 All Rights Reserved. Alfamidi ©
Slide 21: Financial Highlights YTD Dec 2023
Financial Highlights YTD Dec 2023 FY 2022 vs FY 2023: ▪ Revenue *) Disajikan increased by 11.06% (YoY) from IDR 15.62 trillion to IDR 17.35 trillion. kembali ▪ Gross profit margin grew by 0.68% from 25.30% to 25.98% (YoY). ▪ Operating margin grew by 0.20% from 4.08% to 4.28% (YoY). ▪ Net income marg
Slide 22: Financial Highlights YTD Dec 2023
Financial Highlights YTD Dec 2023 Dec 31, 2022 vs Dec 31, 2023 *) ▪ Disajikan kembali Interest-bearing debts decreased significantly from Rp1.565 trillion as of Dec 31, 2022 to Rp63 bn as of Dec 31, 2023 and gross gearing decreased from 0.79x to 0.02x. ▪ Correspondingly, net interest-bearing debts o
Slide 23: Consolidated Statement of Income (YTD Dec 2023; in IDR Billion)
Consolidated Statement of Income (YTD Dec 2023; in IDR Billion) REVENUE Income for the year attributable to owners of the parent company EBITDA Earnings Per Share (Full Amount) Public MIDI Expose - Mgt -27 Mei 2016 Presentation PT Midi All Rights Utama Indonesia Reserved. Alfamidi ©Tbk 2023 232016 A
Slide 24: Return & Leverage (YTD Dec 2023)
Return & Leverage (YTD Dec 2023) ROAA (%) Gross Interest Bearing Debt-to-Equity (x) ROAE (%) Net Interest Bearing Debt-to-Equity (x) Decrease was due to pre-emptive right issuance in Jul 2023. Public MIDI Expose - Mgt -27 Mei 2016 Presentation PT Midi All Rights Utama Indonesia Reserved. Alfamidi ©T
Slide 25: Trend of Dividend Payout Ratio
Trend of Dividend Payout Ratio 29.97% 30.15% 30.77% 30.14% 30.00% 30.06% 30.09% 30.01% 30.01% 30.01% 24.98% 24.98% +42.3% +79.5% +107.1% +3.4% +36.7% -47.8% +55.1% +27.7% -1.7% +37.4% +45.2% • Since listed in the end of 2010, we have been consistently distributing dividend every year. The payout rat
Slide 26: Outlook and Guidance for 2024
Outlook and Guidance for 2024 MIDI - Mgt Presentation All Rights Reserved. Alfamidi © 2023 26
Slide 27: Outlook for 2024
Outlook for 2024 Source: NIQ (Nielsen IQ) Public MIDI Public Expose - Mgt Expose -27-27 MeiMei Presentation2016 2016 PT PT Midi All Midi Rights Utama Reserved. Utama Indonesia Indonesia Tbk©Tbk Alfamidi 2023 All Rights All Rights Reserved. Reserved. Alfamidi Alfamidi 272016 © © 2016
Slide 28: Outlook for 2024
Outlook for 2024 Source: NIQ (Nielsen IQ) Public MIDI Public Expose - Mgt Expose -27-27 MeiMei Presentation2016 2016 PT PT Midi All Midi Rights Utama Reserved. Utama Indonesia Indonesia Tbk©Tbk Alfamidi 2023 All Rights All Rights Reserved. Reserved. Alfamidi Alfamidi 282016 © © 2016
Slide 29: Guidance for 2024
Guidance for 2024 ▪ Target for SSSG of Alfamidi FY 2024 → +6% y-y. ▪ Top Line Growth FY 2024 → 11% y-y. ▪ Warehouse - We plan to relocate 2 rented warehouses in North Sulawesi and Southeast Sulawesi to owned-warehouses in the same province, which are planned to operate in Q2 and Q4, respectively. -
Slide 30: Snapshot of Market Highlight for Feb 24 from NielsenIQ
Snapshot of Market Highlight for Feb 24 from NielsenIQ Source: NIQ (Nielsen IQ) Note: SMKA = Supermarket and Minimarket Key Accounts; YA = Year Ago/Last Year Public MIDI Public Expose - Mgt Expose -27-27 MeiMei Presentation2016 2016 PT PT Midi All Midi Rights Utama Reserved. Utama Indonesia Indonesi
Slide 31: Guidance for 2024
Guidance for 2024 +482 +127 ▪ Lawson After almost 11 years stagnant and then, aggressive expansion since 2nd half of 2022, by opening 127 stores in 2022 and 482 stores in 2023 (up to Dec), penetrating to province of Central Java, Yogya and East Java, 55 cities/districts in 2023 with various characte
Slide 32: Guidance for 2024
Guidance for 2024 Capex Requirement FY 2024 ▪ Alfamidi Capex requirement = IDR 1.2 trillion. ▪ Lawson Capex requirement = IDR 200 billion. Total Capex requirement is amounted to IDR 1.4 trillion and planned to be funded by: • internal cash flow and • remaining balance of fund from right issuance. Pu
Slide 33: Thank You!
Thank You! t +62 21 8082 1618 f +62 21 8082 1628 PT MIDI UTAMA INDONESIA Tbk Gedung Alfa Tower Lantai 12 Jl. Jalur Sutera Barat, Alam Sutera Tangerang - Banten 15143
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