Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — FY2022 Earnings Presentation
21 slides from Pt Mitra Adiperkasa Tbk's earnings presentation, 2023
Slide 1: Audited Result
AUDITED RESULT 1
Slide 2: Table of Contents
TABLE OF CONTENTS 1 OVERVIEW OF MAP GROUP FY/4Q22 FINANCIAL 2 HIGHLIGHTS 3 APPENDIX 2
Slide 3: Overview of Group
OVERVIEW OF GROUP 3,059 150+ 110+ Retail Stores* + 26 online stores World Class Brands Retail Concepts + Presence in 3rd party online stores 88 24,896 Cities** Employees * Data includes Burger King and Domino’s Pizza 3 ** Excluding regional countries
Slide 4: More Than 150 Exclusive Brands
MORE THAN 150 EXCLUSIVE BRANDS ENTERTAIN OUR SHOPPERS 24 HOURS A DAY 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 Taylormade Digiplus Subway Samso
Slide 5: MAPI Retail Footprint 2022
MAPI RETAIL FOOTPRINT 2022 No. stores Space (sqm) CONSOLIDATED 2,660 967,259 DEPT STORE 57 349,157 SPC. STORE 1,842 418,109 ACTIVE 1,327 270,129 FASHION & BEAUTY 455 141,108 DIGITAL 60 6,872 F&B 716 188,777 OTHERS 45 11,216 Exclude: 180 Burger King & 219 Domino’s Pizza 5
Slide 6: FY/4Q 2022 Financial Highlights
FY/4Q 2022 FINANCIAL HIGHLIGHTS 6
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS *) After PSAK 73/ IFRS 16 IDR bn, % FY22 FY21 Growth (%) 4Q22 4Q21 Growth (%) Net sales 26,937 18,424 46.2% 8,116 6,343 27.9% Gross Profit 12,029 7,692 56.4% 3,541 2,670 32.6% GPM (%) 44.7% 41.8% 43.6% 42.1% EBIT 3,070 1,222 151.3% 891 833 7.0% EBIT Margin (%) 11.4% 6.6% 11.0% 1
Slide 8: Net Sales & Growth
NET SALES & GROWTH (IDR bn, %) 2022 2021 2020 2019 % Growth YoY 46.2% 24.1% -31.4% 14.4% NET SALES 26,937 21,637 18,424 14,847 2022 2021 2020 2019 8
Slide 9: Profitability
PROFITABILITY *) Prior PSAK 73/ IFRS 16 (IDR bn, %) 2022 2021 2020 2019 Gross Margin 44.7% 41.8% 41.6% 47.7% EBIT Margin 10.8% 5.8% -1.7% 9.2% EBITDA Margin 14.0% 10.5% 4.5% 13.2% 2,904 EBIT 1,989 1060 -259 2022 2021 2020 2019 9
Slide 10: Inventory Level
INVENTORY LEVEL (Days, IDR bn, %) 2022 2021 2020 2019 Aging inventory > 6 month 25 % 43 % 38 % 23 % 152 INVENTORY DAYS 125 109 102 2022 2021 2020 2019 Our ability to absorb and utilize data has greatly increased year after year, resulting in a significantly faster selling cycle for MAP and eventuall
Slide 11: Balance Sheet
BALANCE SHEET (IDR bn) As of As of As of LIABILITIES & As of As of As of ASSETS 31 Dec22 31 Dec21 31 Dec20 EQUITY 31 Dec22 31 Dec21 31 Dec20 Cash & Equivalents 3,851 2,778 2,788 Bank loan 611 1,146 2,504 Account Receivables 899 606 508 Account Payable 3,309 2,520 2,486 Inventories 4,699 3,731 3,715
Slide 12: Sales Contribution by Region
Overseas, 10% Others, 2% Sulawesi, 2% Sumatera, 6% Bali, 4% Jawa, 19% Jakarta, 57% 12
Slide 13: Digital Retail Stores
DIGITAL RETAIL STORES ACTIVE FASHION DIGITAL • Planet Sports.Asia • Zara ID • Digimap • Sports Station • Zara VN • Foot Locker ID • Massimo Dutti ID • Foot Locker PH • Massimo Dutti VN OTHERS • Converse • Pull and Bear • Crocs • Kinokuniya • Stradivarius • Skechers • Bershka • Reebok • Zara Home WHA
Slide 14: Digital Performance
DIGITAL PERFORMANCE (IDR bn, %) CONTRIBUTION BY CHANNEL DIGITAL SALES PERFORMANCE 2022 2021 2020 2019 3rd Party Marketplace Contribution 9.0% 13.0% 10.9% 1.6% 40% 2,419 2,388 Own Sites 60% 1,612 CONTRIBUTION BY SEGMENT Foodhall 2% 348 Digimap 11% Active 2022 2021 2020 2019 36% F&B 18% FY22 Sales Con
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Slide 16: Specialty Store
SPECIALTY STORE *) After PSAK 73/ IFRS 16 In IDR BN FY 22 FY 21 4Q22 4Q21 Net Revenue 20,665 13,645 6,327 4,810 % Growth 51.5% 27.5% 31.5% 37.2% EBIT *) 2,490 1,035 751 622 % Ebit Margin 12.0% 7.6% 11.9% 12.9% FASHION & BEAUTY ACTIVE DIGITAL ZARA 16 Outlets SPORTS STATION 342 Outlets DIGIMAP 52 Outl
Slide 17: Food & Beverage
FOOD & BEVERAGE *) After PSAK 73/ IFRS 16 In IDR BN FY 22 FY 21 4Q22 4Q21 FOOD & BEVERAGE STARBUCKS COFFEE 540 Outlets Net Revenue 3,437 2,431 979 779 SUBWAY 53 Outlets % Growth 41.3% 18.9% 25.6% 32.8% PIZZA MARZANO 23 Outlets COLD STONE 18 Outlets EBIT *) 215 18 62 93 KRISPY KREME 34 Outlets GODIVA
Slide 18: Department Store
DEPARTMENT STORE *) After PSAK 73/ IFRS 16 In IDR BN FY 22 FY 21 4Q22 4Q21 Net Revenue 2,109 1,853 585 600 % Growth 13.8% 4.5% -2.5% 39.7% EBIT *) 308 131 63 97 % Ebit Margin 14.6% 7.1% 10.8% 16.2% DEPARTMENT STORE SOGO 18 Outlets SEIBU 2 Outlets GALERIES LAFAYETTE 1 Outlets THE FOODHAL 36 Outlets T
Slide 19: Appendix III: Additional Information
Appendix III: Additional information 19
Slide 20: PSBB & PPKM Timeline
PSBB & PPKM TIMELINE 2020 – 2022 10 Apr – 14 Sep – 21 Dec’20 9 Feb – 3 Jul – 10 Aug – 2 Nov’21 – 19 Apr – 4 Jun’20 11 Oct’20 – 8 Jan’21 28 Jun’21 2 Aug’21 4 Oct’21 21 Feb ’22 15 Aug’22 PSBB I Phase 1-3 PPKM Year End PPKM Micro Emergency PPKM PPKM Level 2-4 PPKM Level 1-3 PPKM Level 1-2 PSBB Tight Ma
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