Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — FY2024 Earnings Presentation
21 slides from Pt Mitra Adiperkasa Tbk's earnings presentation, 2025
Slide 1: PT Mitra Adiperkasa Tbk Audited Result FY/Q4 2024
MAP PT MITRA ADIPERKASA TBK Q AUDITED RESULT a FY/Q4 2024 1 XY | sf
Slide 2: Table of Contents
TABLE OF CONTENTS 1. Indonesia Macroeconomic Indicators 2. Overview of MAP Group 3. FY/Q4 2024 Financial Highlights 4. Appendix
Slide 3: Indonesia GDP growth
The company continues to monitor macroeconomic developments closely and will maintain flexibility in its investment strategy to protect against major adverse conditions. Indonesia GDP growth (%YoY) Quarter Q1 Q2 Q3 Q4 INFLATION 2019 5.1 5.1 5.0 5.0 2020 3.0 -5.3 -3.5 -2.2 2021 -0.7 7.1 3.5 5.0 2022
Slide 4: Overview of Group
OVERVIEW OF GROUP 3,730 150+ 110+ Retail Stores + 51 online stores World Class Brands Retail Concepts + Presence in 3rd party online stores Over 80 30,687 Cities** Employees ** Excluding regional countries 4
Slide 5: Brand portfolio by store category
Department Food & Specialty Stores Others Stores Beverage Active Fashion & Beauty Digital Sports 2XU Kids SOGO Kidz Station Zara Travelogue Sephora Digimap Starbucks Coffee Kinokuniya Sports Station Crocs SEIBU Hasbro Massimo Dutti Max Mara Sulwhasoo Digiplus Subway Alun Alun Indonesia Planet Spo
Slide 6: Retail Footprint FY 2024
RETAIL FOOTPRINT FY 2024 No. Stores Space (sqm) Consolidated 3,730 1,192,601 Department Store 62 329,598 Specialty Store 2,813 638,461 Active 2,049 438,110 Fashion & Beauty 594 183,471 Digital 170 16,880 F&B 849 216,305 Others 6 8,236 6
Slide 7: FY/Q4 2024 Financial Highlights
FY/Q4 2024 FINANCIAL HIGHLIGHTS 7
Slide 8: FY and Q4 2024 income statement summary
*) After PSAK 73/ IFRS 16 FY FY Q4 Q4 in IDR Billion % Growth % Growth 2024 2023 2024 2023 Net Sales 37,836 33,319 13.6% 10,220 9,526 7.3% Gross Profit 16,140 15,094 6.9% 4,316 4,235 1.9% % Margin 42.7% 45.3% 42.2% 44.5% EBIT 3,450 3,596 -4.1% 1,062 1,030 3.1% % Margin 9.1% 10.8% 10.4% 10.8% EBITDA
Slide 9: Net Sales
(IDR bn, %) % GROWTH FY 24 FY 23 FY 22 FY 21 FY 20 YoY 13.6% 23.7% 46.2% 24.1% -31.4% 37,836 NET SALES 33,319 26,937 18,424 14,847 FY 24 FY 23 FY 22 FY 21 FY 20 9
Slide 10: Aging inventory and inventory days
(Days, IDR bn, %) AGING INVENTORY FY 24 FY 23 FY 22 FY 21 FY 20 FY 19 > 6 MONTHS 26% 23% 25% 43% 38% 23% 152 136 126 125 109 102 INVENTORY DAYS 10
Slide 11: Assets and Liabilities & Equity
(IDR bn) As of As of As of LIABILITIES & As of As of As of As of AsAsofof ASSETS LIABILITIES & EQUITY 31 DEC '24 31 DEC '23 31 DEC '22 31 31 DEC '24 31 31 Dec21 DEC '23 3131 DEC '22 EQUITY Dec22 Dec20 CASH & EQUIVALENTS 4,040 3,675 3,851 BANK LOAN 2,329 2,885 611 ACCOUNT RECEIVABLES 1,086 1,145 899
Slide 12: Stores and exclusive brands by country
as of December 2024 INDONESIA PHILIPPINES VIETNAM • 3,274 stores • 242 stores • 49 stores • 150+ exclusive brands • 20 exclusive brands • 15 exclusive brands THAILAND MALAYSIA SINGAPORE CAMBODIA • 51 stores • 68 stores • 32 stores • 14 stores • 11 exclusive brands • 6 exclusive brands • 9 exclusive
Slide 13: Geographical % Sales
GEOGRAPHICAL % SALES as of December 2024 Jawa 19% Bali 5% Sumatera / 6% Sol Sulawesi 3% Others 3% Jakarta 47% Overseas 17%
Slide 14: Online and third-party platforms
ACTIVE FASHION DIGITAL OTHERS Planetsports.asia Newbalance ID ZARA ID DIGIMAP ID KINOKUNIYA Sportsstation.id New Balance TH ZARA VN DIGIMAP PH Lineashoes.com Converse ID ZARA Cambodia DIGIBOX VN 3rd Party Marketplaces Footlocker ID Converse PH PULL & BEAR DIGIBOX Cambodia SHOPEE Footlocker PH Conver
Slide 15: Contribution by Channel, Digital Sales, Segment
(IDR bn, %) CONTRIBUTION BY CHANNEL DIGITAL SALES PERFORMANCE 2024 2023 2022 2021 2020 CONTRIBUTION 9.2% 8.8% 9.0% 13.0% 10.9% +19% 3,482 2,933 2,419 2,388 CONTRIBUTION BY SEGMENT 1,612 2024 2023 2022 2021 2020 FY 2024 Sales Contribution 9.2% 15
Slide 16: 16
16
Slide 17: Operating expenses in % of sales
*) After PSAK 73/ IFRS 16 in % of sales FY 24 FY 23 FY 22 FY 21 NET SALES 37,836 33,319 26,937 18,424 LABOR 10.7% 11.3% 10.9% 12.1% RENTAL 4.4% 4.3% 3.5% 0.5% DEPRECIATION & AMORT. 7.8% 7.7% 8.8% 11.9% UTILITIES 1.2% 1.2% 1.2% 1.4% A&P 1.7% 1.7% 1.4% 1.6% OTHERS 7.8% 8.3% 7.5% 7.6% TOTAL OPEX 33.5%
Slide 18: Specialty Store
SPECIALTY STORE *) After PSAK 73/ IFRS 16 In IDR BN 2024 2023 Q4 24 Q4 23 Net Revenue 31,631 26,229 8,634 7,789 % Growth 20.6% 26.9% 10.9% 22.8% EBIT *) 3,120 3,070 921 954 % Ebit Margin 9.9% 11.7% 10.7% 12.2% FASHION ACTIVE DIGITAL ZARA 21 Stores SPORTS STATION 384 Stores DIGIMAP 162 Stores MARKS &
Slide 19: Food & Beverage
FOOD & BEVERAGE *) After PSAK 73/ IFRS 16 In IDR BN 2024 2023 Q4 24 Q4 23 FOOD & BEVERAGE STARBUCKS COFFEE 604 Stores Net Revenue 3,228 3,999 807 928 SUBWAY 110 Stores % Growth -19.3% 16.4% -13.0% -5.2% PIZZA MARZANO 21 Stores EBIT *) (96) 170 (12) (8) COLD STONE 17 Stores KRISPY KREME 37 Stores % E
Slide 20: Department Store
DEPARTMENT STORE *) After PSAK 73/ IFRS 16 In IDR BN 2024 2023 Q4 24 Q4 23 Net Revenue 2,694 2,547 706 664 % Growth 5.8% 11.1% 6.4% 6.8% EBIT *) 415 347 151 79 % Ebit Margin 15.4% 13.6% 21.4% 11.9% DEPARTMENT STORE SOGO 18 Stores SEIBU 2 Stores GALERIES LAFAYETTE 1 Stores THE FOODHALL 41 Stores TOTA
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