Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — Investor Presentation (June 2025)
99 slides from Pt Mitra Adiperkasa Tbk's investor presentation, Jun 30, 2025
Slide 1: Public Expose
PUBLIC EXPOSE V.P. SHARMA Vice President Director June, 30th 2025 1
Slide 2: Contents
CONTENTS • Overview of MAP Group • Financials • Macroeconomic Conditions • Group Strategy 2025 & Beyond • 2024 / 2025 New Stores • 2024 / 2025 Achievements • Sustainability 2
Slide 3: Overview of Group (Q1'25)
OVERVIEW OF GROUP (Q1’25) 3,791 150 + Over Retail Stores + 51 online stores World Class Brands 80 Cities * + Presence in 3rd party online stores 7 Countries • Indonesia • Vietnam • Philippines • Singapore 31,766 • Thailand • Malaysia Employees • Cambodia * Indonesia only 3
Slide 4: Transformation of MAP
TRANSFORMATION OF * 3,791 3,059 MAP has come a long way 2,345 since our incorporation 1,931 821 621 416 From few stores 123 to regional retail powerhouse! No. of Stores 1990 1998 2002 2006 2010 2014 2018 2022 MAR 2025 4
Slide 5: Morning
Morning >-Up: ready for¥ school _ shopping Passion for sports
Slide 6: Our Brands
OUR BRANDS 6
Slide 7: Department Stores (& Supermarkets)
DEPARTMENT STORES (& SUPERMARKETS) 7
Slide 8: Active: Sports
ACTIVE: SPORTS PLANET SPORTS.asia axu 9, % 2 seas . AIRWALK qetrex. aslec SPORTS Reebok \N ¥ Sees > STATION 2 : > CONVERSE EL. pi Co Cleveland eleece el i. HOKA crocs Tava GSE energetics Y ezorre HOUSE LACOSTE _LYLeescort Ss B BAY an Oo 55. SKECHERS. new balance IREEF| NBA wx... wo - Fad Lome prince
Slide 9: Active: Leisure
ACTIVE: LEISURE LINEA Feie* STACCATO STEVE MADDEN NINEWEST Clarks ALDO Onitsuka ROCKPORT PAZZION DUDE) BIRKENSTOCK KENNETH COLE _ fitflop
Slide 10: Active: Kids
ACTIVE: KIDS * * * * * * * * * * * * * * * * * * * Non-exclusive brands 10
Slide 11: Fashion
FASHION * * Joint Venture Company 11
Slide 12: Beauty
BEAUTY SEPHORA Loeb SKIN ~~ LANEIGE HARLEY ST. LONDON KIKO Sulwhasoo Adja ATELIER REBUL DEPUIS 1895
Slide 13: Digital
DIGITAL * * Non-exclusive brands 13
Slide 14: Food & Beverages
FOOD & BEVERAGES STARBUCKS® GENRI SUSHI E> SUBWAY [., TOAST PAUL BOX ta 14
Slide 15: Others
OTHERS INDONESIA Kinokuniya —_ Sams@nite — i = | = ———— "Iii —_. il
Slide 16: Retail Footprint
RETAIL FOOTPRINT TOTAL STORES Q1’25 SPACE (SQM) • Consolidated 3,791 1,203,698 • Department Stores 62 327,960 • Specialty Stores 2,880 653,923 - Active 2,099 450,560 - Fashion, Beauty & Health 595 184,920 - Digital 186 18,443 • F&B 843 213,640 • Others 5 8,175 16
Slide 17: Financials 2024/25
FINANCIALS 2024/25 17
Slide 18: Consolidated Income Statement (2023 - Q1 2025)
CONSOLIDATED INCOME STATEMENT (2023 - Q1 2025) Consolidated Unaudited Audited % Growth % Growth (IDR Billion) Q1 2025 Q1 2024 2024 2023 Net Sales 9,300 8,788 37,836 33,319 % growth 5.8% 13.6% 23.7% Gross Profit 4,085 3,748 9.0% 16,140 15,094 6.9% % margin 43.9% 42.6% 42.7% 45.3% EBIT 769 713 7.8% 3,
Slide 19: Net Sales
NET SALES Q1 2025 CAGR 2020 - 2024 : 26.3% ONLINE SALES 8.6% CONTRIBUTION 37,836 33,319 26,937 18,424 14,847 8,788 9,300 2020 A 2021 A 2022 A 2023 A 2024 A Q1 2024 UA Q1 2025 UA Presented in billion Rupiah 19
Slide 20: Presented in billion Rupiah After implementation of PSAK 73
Presented in billion Rupiah After implementation of PSAK 73 20
Slide 21: Balance Sheet
BALANCE SHEET Balance Sheet UA Audited (IDR Billion) Q1 2025 2024 2023 Assets Cash And Cash Equivalent 3,536 4,040 3,675 Account Receivables 1,129 1,086 1,145 Inventories 9,804 8,290 8,088 Property, Plant And Equipment - Net 6,407 6,194 5,291 Right Of Use - Net 5,433 5,556 5,322 Other Assets 4,976 4
Slide 22: Indonesia Macroeconomic Indicators
INDONESIA MACROECONOMIC INDICATORS We monitor macroeconomic developments closely to protect against major adverse conditions Indonesia GDP growth (%YoY) Quarter Q1 Q2 Q3 Q4 (%) INFLATION 2017 5.0 5.0 5.1 5.2 7,0 2018 5.1 5.3 5.2 5.2 6,0 2019 5.1 5.1 5.0 5.0 5,0 2020 3.0 -5.3 -3.5 -2.2 4,0 2021 -0.7
Slide 23: Uncertainties Ahead?
UNCERTAINTIES AHEAD? Reciprocal Tariffs + Geopolitical Conflicts 23
Slide 24: Share Price Growth
SHARE PRICE GROWTH • IPO IN 2004: IDR 63/SHARE 1,790 • 2025 YTD: IDR 1,265/SHARE • CAGR: 18.3% 1,350 1,285 1,300 1,265 1,055 710 620 550 515 380 63 88 70 62 11 Nov 2004 Dec 2005 Dec 2007 Dec 2009 Dec 2011 Dec 2013 Dec 2015 Dec 2017 Dec 2019 Dec 2021 Dec 2023 Jan Jan 2025 MarMar May2025 2025 May Jun
Slide 25: Seizing opportunities during each crisis to strengthen MAP!
Seizing opportunities during each crisis to strengthen MAP! • Navigated Asian Financial Crisis (1998) • Rebounded from Global Financial Crisis (2008) • Emerged Stronger after Covid-19 Pandemic (2020 – 2021) HOW MAP IS BUILT FOR RESILIENCE • Prudent Expansion • Enhanced Efficiencies • Brand Acquisiti
Slide 26: Group Strategy for 2025 & Beyond
GROUP STRATEGY for 2025 & Beyond 26
Slide 27: Our Strategies
OUR STRATEGIES 1 Prudent Expansion 2 Enhance Efficiencies 3 Focus on Customer Experience 27
Slide 28: Prudent Expansion with Discipline and Foresight
1. Prudent Expansion with Discipline and Foresight • Unified brand leadership across ASEAN • Tailored local strategies • Scalable, cross-border agility • Led by experienced management Zara, Indonesia Aldo, Singapore Dr. Martens, Thailand Hoka, Philippines New Balance, Vietnam Crocs, Cambodia Foot Lo
Slide 29: Enhance Efficiencies
2. Enhance Efficiencies Improve Processes Trim Expenses Brand & Store Rationalization Optimizing Headcount Refining Inventory Management 29
Slide 30: Focus On Customer Experience
3. Focus On Customer Experience MAPCLUB - One power App for branded shopping ‘Data as Asset’ Strategy Offline Online ALL BRANDS ALL SALES CHANNELS ALL RETAIL CATEGORIES eMONEY & INCENTIVES Market Place Whatsapp Members, as of May 2025: >12 million 30
Slide 31: Long-Term Growth Partner for Global Brands
Focus On Customer Experience (Cont.) LONG-TERM GROWTH PARTNER FOR GLOBAL BRANDS 30+ Years of Existing Collaboration with Trusted Partnership Best-in-Class Global Brands NEWLY ACQUIRED BRANDS ** ** *Vietnam only ** Non Exclusive
Slide 32: New Stores 2024/2025
2 2024/2025 »sNEW STORES
Slide 33: Senayan City
KIKO SENAYAN CITY MILANO
Slide 34: Plaza Senayan
TISKIN PLAZA SENAYAN
Slide 35: Plaza Indonesia
Chloé PLAZA INDONESIA
Slide 36: Plaza Indonesia
PLAZA INDONESIA 36
Slide 37: Pacific Place
LOEWE PACIFIC PLACE
Slide 38: Plaza Senayan
SANDRO PLAZA SENAYAN : 4 To a ies: i re | + He — ie E:
Slide 39: Pondok Indah Mall
GAIN T PONDOK INDAH MALL aS
Slide 40: Galeries Lafayette SIS
alice + olivia GALERIES LAFAYETTE SIS
Slide 41: Pacific Place
flying tiger PACIFIC PLACE 41
Slide 42: Grand Indonesia
LACOSTE @@=< GRAND INDONESIA 42
Slide 43: Grand Indonesia
Calvin Klein GRAND INDONESIA
Slide 44: Kota Kasablanka
KOTA KASABLANKA 44
Slide 45: TP5 Surabaya
{Ss TPS SURABAYA
Slide 46: Pakuwon Mall Bekasi
PAKUWON MALL BEKASI 46
Slide 47: Mall Bali Galeria
TY mys Cie MALL BALI GALERIA
Slide 48: Epicentrum Lombok
EPICENTRUM LOMBOK 48
Slide 49: Lotte Avenue Ciputra World
LOTTE AVENUE CIPUTRA WORLD 49
Slide 50: TP5 Surabaya
TP5 SURABAYA 50
Slide 51: Sanur Icon Bali
HSKA SANUR FLY HUMAN FLY ICON BALI 51
Slide 52: Grand Indonesia
@ GRAND INDONESIA 52
Slide 53: Pakuwon Mall Yogya
PLANET SPORTS. PAKUWON MALL YOGYA 53
Slide 54: TP4 Surabaya
KENNETH COLE TP4 SURABAYA
Slide 55: Gandaria City
ipz STATIC Imagine-Play GANDARIA CITY 55
Slide 56: Senayan City
SENAYAN CITY LARGEST LEGO CERTIFIED STORE IN ASEAN 56
Slide 57: Supermall Karawaci
digimap SUPERMALL KARAWACI
Slide 58: Gandaria City
GANDARIA CITY 58
Slide 59: Gandaria City
TOAST Eo) GANDARIA CITY / > ‘) ie 4 6 be
Slide 60: Lotte Mall Hanoi, Vietnam
% VICTORIA'S SECRET LOTTE MALL HANOI, VIETNAM 60
Slide 61: One Bangkok, Thailand
ONE BANGKOK, THAILAND 61
Slide 62: One Bangkok, Thailand
=z new balance ONE BANGKOK, THAILAND 62
Slide 63: Central World, Thailand
ALDO CENTRAL WORLD, THAILAND 63
Slide 64: Jurong East, Singapore
JURONG EAST, SINGAPORE 64
Slide 65: Jurong East, Singapore
JURONG EAST, SINGAPORE 65
Slide 66: Aman Central Kedah, Malaysia
AMAN CENTRAL KEDAH, MALAYSIA 66
Slide 67: AEON Mall Nilai, Malaysia
AEON MALL NILAI, MALAYSIA 67
Slide 68: Achievements 2024/2025
Cry 2024/2025 om ACHIEVEMENTS
Slide 69: High Market Capitalization
“HIGH MARKET ” CAPITALIZATION - TEMPO-IDN Financials - 2024 69
Slide 70: Indonesia's Biggest Companies (Top 100)
“ INDONESIA’S BIGGEST COMPANIES ” (TOP 100) - Fortune Indonesia - 2024 70
Slide 71: Best Consumer Cyclicals Sector
“BEST CONSUMER CYCLICALS SECTOR ” (MAIN BOARD CATEGORY) - CSA Award - 2024 71
Slide 72: Most Popular Brand of the Year
“ MOST POPULAR BRAND ” OF THE YEAR - Jawa Pos - 2025 72
Slide 73: Ayo Melawan Stunting
Participation in Fund Raising “ AYO MELAWAN ” STUNTING - PMI Awards - (Palang Merah Indonesia) 2023 & 2024 73
Slide 74: Best Employer Branding, Best Soft Skills
“BEST EMPLOYER “ BEST SOFT SKILLS ” ” BRANDING (SILVER) (Gold) - HR Experiences Awards - - HR Experiences Awards - 2025 2025 74
Slide 75: Best Human Capital
“ BEST ” HUMAN CAPITAL - WARTA EKONOMI - 2025 75
Slide 76: Best Companies to Work For in Asia
“ BEST COMPANIES TO WORK FOR IN ASIA - 3 CONSECUTIVE YEARS ” (2023, 2024 & 2025) - HR Asia - 76
Slide 77: Sustainability
SUSTAINABILITY 77
Slide 78: MSCI ESG Ratings
MSCI ESG RATINGS As per 9th May 2025 COMPARISON WITH GLOBAL PEERS (RETAIL) PT MITRA ADIPERKASA TBK Retail - Consumer Discretionary | ID Industria de Diseno Textil, S.A. AA WEIGHT SCORE The Home Depot, Inc. AA Environment 20% 3.6 Lowe’s Companies, Inc. AA Product Carbon Footprint 10% 3.6 PT Mitra Adi
Slide 79: People – Gender Equality
PEOPLE – GENDER EQUALITY Gender Composition per Dec 2024 All Employees 48% 52% Employs more than 31,000 people and provides Equal Opportunity in all Levels Female Male 79
Slide 80: Equal Opportunities
EQUAL OPPORTUNITIES Starbucks Signing Store – Hearing-impaired employees Mango Senayan City – Hearing-impaired employees 80
Slide 81: MAP Retail Academy
MAP RETAIL ACADEMY Raising Retail Education Standards The Company provides many training opportunities to help our employees grow their skills and careers 81
Slide 82: People-Focused Culture
People-Focused Culture • Employee development through continuous training and upskilling programs • Emphasis on empowerment, accountability, and career growth • Strong internal culture of collaboration and innovation • Recognition programs to boost morale and retention 82
Slide 83: Quality Training for the Communities
QUALITY TRAINING FOR THE COMMUNITIES The Company believes that knowledge is to be shared - MAP Retail Academy provides training to external parties to strengthen Indonesian Retail Industry Visit from Airlangga University Studium Generale Institut Teknologi Bandung Business Study Mission Visit from S
Slide 84: Partnership
PARTNERSHIP Community Development : MAP Retail Academy Signed MoU with Ministry of Social Affairs Republic Indonesia Accelerating Education: MAP Retail Academy Signs MoU with Renowned Universities Bridging Education and Industry: MAP Retail Academy Signs MoU with the Ministry of Higher Education, Re
Slide 85: Scholarship
SCHOLARSHIP • Started in 2023 • Scholarship for Employee’s Children. • Aim to impact the lives of our employees’ children • By providing them the opportunity to pursue a high-quality education. • To date full scholarship awarded to 11 employees' children. 85
Slide 86: Rumah Belajar Anak Bintang - RAJAB
RUMAH BELAJAR ANAK BINTANG - RAJAB • Initiated in 2014, in cooperation with Karang Taruna Jawa Barat (West Java Youth Organization) • RAJAB is a character building education program for underprivileged children • Currently RAJAB operates in 7 villages across West Java 86
Slide 87: RAJAB Waste Reduction
RAJAB WASTE REDUCTION Through Rumah Belajar Anak Bintang (RAJAB), our community development program, we also encourage sustainable lifestyle from the early age ECOBRICS The reinforced plastic bottles/ecobricks are Used mineral bottles are hardened by compacting hard then tied together to recycle pla
Slide 88: RAJAB Waste Reduction
RAJAB WASTE REDUCTION PLANTING THE EARTH SOIL BIOPORE CREATION We teach the next generation that planting is fun and important Besides teaching the students about composting, this activity will also stimulate soil organism to create biopores, which increase soil ability to absorb water PLANT VASES F
Slide 89: Waste Reduction
WASTE REDUCTION No Single-use Plastic Shopping Bags Take Back Program Greener Nusantara Program Waste Management Program - Plastic reduction in F&B Stores - Working with local start-ups to recycle our waste 89
Slide 90: Beach Clean Up
BEACH CLEAN UP 90
Slide 91: Coaching Clinics
COACHING CLINICS MAP conducts Coaching Clinics to encourage kids to pursue a healthy and active lifestyle Running Coaching Clinic Swimming Coaching Clinic Badminton Coaching Clinic Basketball Coaching Clinic 91
Slide 92: Donation and Voluntary Programs
DONATION AND VOLUNTARY PROGRAMS MAP conducts various donations and voluntary programs to support communities Kidz Station Anniversary Celebration: Planet Sports Donation: Donated groceries, Red Cross Partnership: With Sekolah Masjid Terminal, a free school bags, and stationery to Panti Asuhan Blood
Slide 93: Starbucks "Greener" Store - First in Indonesia
STARBUCKS “GREENER” STORE - FIRST IN INDONESIA At Adhyaksa Lebak Bulus, Jakarta 93
Slide 94: Energy and Emission Reduction
ENERGY AND EMISSION REDUCTION Utilization of Solar Panel in Starbucks stores Planting of Mangrove Trees to rehabilitate the environment & protect the coastline Veggie Delight Plant Based Menu 94
Slide 95: Clean Water Supply
CLEAN WATER SUPPLY Built 18 Water Towers to provide Clean Water Filtration System Donated access to clean water to Disaster Impacted Areas 95
Slide 96: MAP: Manufacturing for the World
MAP: MANUFACTURING FOR THE WORLD pt out of asia Main Factory/Warehouse: • Location: Bantul (Jogjakarta) • Employ over 3,000 artisans in 4 islands (Bali + Java + Lombok + Sumatra) • Export to over 20 countries worldwide Some of our clients: Plus many more! 96
Slide 97: Supporting Indonesian Brands
SUPPORTING INDONESIAN BRANDS DEPARTMENT STORES MAP ACTIVE 97
Slide 98: Partnership with Local Farmers
PARTNERSHIP WITH LOCAL FARMERS Donation of Coffee Tree Seeds to Indonesia Sumatera Coffee is Sold in Starbucks Farmer Support Center Over 80 Countries through Starbucks 98
Slide 99: Thank You
THANK YOU 113
PT Mitra Adiperkasa — Investor Presentation (June 2025) on 6ix