Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — FY2023 Earnings Presentation
20 slides from Pt Mitra Adiperkasa Tbk's earnings presentation, 2024
Slide 1: Mitra Adiperkasa Audited Result FY/4Q 2023
Mitra Adiperkasa AUDITED RESULT FY/4Q 2023
Slide 2: Table of Contents
Table of Contents •Indonesia Macroeconomic indicators •Overview of MAP Group •FY/4Q 2023 Financial Highlight •Appendix
Slide 3: Indonesia GDP growth and inflation trends
The Company has observed positive trends in overall macroeconomic indicators, including robust GDP growth along the year and well-controlled inflation rates. Indonesia GDP growth (% YoY) (%) Inflation Quarter Q1 Q2 Q3 Q4 7.0 2017 5.0 5.0 5.1 5.2 6.0 2018 5.1 5.3 5.2 5.2 5.0 2019 5.1 5.1 5.0 5.0 4.0
Slide 4: Overview of Group
OVERVIEW OF GROUP 3,150 150+ 110+ Retail Stores + 47 online stores World Class Brands Retail Concepts + Presence in 3rd party online stores Over 80 29,558 Cities** Employees ** Excluding regional countries 4
Slide 5: Brand portfolio by category
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 Champion Digiplus Subway Alun Alun Indonesia SEIBU Massimo Dutti Max Mara Sulwhasoo Planet Sports.Asi
Slide 6: MAPI Retail Footprint FY/4Q 2023
MAPI RETAIL FOOTPRINT FY/4Q 2023 No. Stores Space (sqm) Consolidated 3,150 1,083,744 Department Store 59 333,855 Specialty Store 2,256 526,160 Active 1,646 350,108 Fashion & Beauty 516 165,506 Digital 94 10,546 F&B 830 215,755 Others 5 7,974 6
Slide 7: FY/4Q 2023 Financial Highlights
FY/4Q 2023 FINANCIAL HIGHLIGHTS 7
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS *) After PSAK 73/ IFRS 16 2022 4Q 4Q in IDR Billion 2023 % Growth % Growth (Restated) 2023 2022 Net Sales 33,319 26,937 23.7% 9,526 8,116 17.4% Gross Profit 15,094 12,029 25.5% 4,235 3,541 19.6% % Margin 45.3% 44.7% 44.5% 43.6% EBIT 3,596 3,070 17.2% 1,030 891 15.6% % Margin 10.
Slide 9: Net Sales & Growth
NET SALES & GROWTH (IDR bn, %) % GROWTH 2023 2022 2021 2020 2019 YoY 23.7% 46.2% 24.1% -31.4% 14.4% 33,319 NET SALES 26,937 21,637 18,424 14,847 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 9
Slide 10: Inventory Level
INVENTORY LEVEL (Days, IDR bn, %) Aging Inventory 2023 2022 2021 2020 2019 > 6 month 23% 25% 43% 38% 23% 152 126 125 109 102 INVENTORY DAYS 10
Slide 11: Balance Sheet
BALANCE SHEET (IDR bn) As of As of As of LIABILITIES & As ofAs of As As of of AsAsof of ASSETS LIABILITIES & EQUITY 31 DEC '23 31 DEC '22 31 DEC '21 EQUITY 31 Dec22 31 DEC '233131 Dec21 DEC '22 31 31 Dec20 DEC '21 CASH & EQUIVALENTS 3,675 3,851 2,778 BANK LOAN 2,885 611 1,146 ACCOUNT RECEIVABLES 1,1
Slide 12: Stores and exclusive brands by country
as of December 2023 INDONESIA PHILIPPINES VIETNAM • 2.805 stores • 167 stores • 58 stores • 150+ exclusive brands • 20 exclusive brands • 16 exclusive brands THAILAND MALAYSIA SINGAPORE CAMBODIA • 37 stores • 48 stores • 25 stores • 10 stores • 14 exclusive brands • 5 exclusive brands • 5 exclusive
Slide 13: Sales contribution by region
as of December 2023 Overseas, 13% Others, 2% Sulawesi, 3% Sumatera, 6% Bali, 5% Jawa, 18% Jakarta, 53% 13
Slide 14: Online platforms by category
ACTIVE FASHION DIGITAL 3rd Party Marketplaces Planetsports.asia Newbalance ID ZARA ID DIGIMAP ID SHOPEE Sportsstation.id Converse ID ZARA VN DIGIMAP PH LAZADA Lineashoes.com Converse PH ZARA Cambodia DIGIBOX VN TOKOPEDIA Footlocker ID Converse SG PULL & BEAR DIGIBOX Cambodia ZALORA Footlocker PH Con
Slide 15: Digital Performance
DIGITAL PERFORMANCE (IDR bn, %) 3rd Party Marketplace 2023 2022 2021 2020 2019 41% Own Sites CONTRIBUTION 8.8% 9.0% 13.0% 10.9% 1.6% 59% 2,933 2,419 2,388 1,612 348 Digimap 16% 2023 2022 2021 2020 2019 Foodhall 1% Active 42% F&B 10% FY 2023 Sales Contribution 8.8% Dept Store 10% Fashion 15 21%
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Slide 17: Specialty Store
SPECIALTY STORE *) After PSAK 73/ IFRS 16 In IDR BN FY 23 FY 22 4Q 23 4Q 22 Net Revenue 26,229 20,677 7,789 6,340 % Growth 26.9% 51.5% 22.8% 31.8% EBIT *) 3,070 2,563 954 755 % Ebit Margin 11.7% 12.4% 12.2% 11.9% FASHION & BEAUTY ACTIVE DIGITAL ZARA 21 Stores SPORTS STATION 347 Stores DIGIMAP 83 Sto
Slide 18: Food & Beverage
FOOD & BEVERAGE *) After PSAK 73/ IFRS 16 In IDR BN FY 23 FY 22 4Q 23 4Q 22 FOOD & BEVERAGE Net Revenue 3,999 3,437 928 979 STARBUCKS COFFEE 598 Stores SUBWAY 101 Stores % Growth 16.4% 41.3% -5.2% 25.6% PIZZA MARZANO 22 Stores COLD STONE 17 Stores EBIT *) 170 216 (8) 62 KRISPY KREME 35 Stores % Ebit
Slide 19: Department Store
DEPARTMENT STORE *) After PSAK 73/ IFRS 16 In IDR BN FY 23 FY 22 4Q 23 4Q 22 Net Revenue 2,547 2,292 664 621 % Growth 11.1% 23.7% 6.8% 3.6% EBIT *) 347 309 79 64 % Ebit Margin 13.6% 13.5% 11.9% 10.3% DEPARTMENT STORE SOGO 17 Stores SEIBU 2 Stores GALERIES LAFAYETTE 1 Stores THE FOODHALL 39 Stores TO
Slide 20: 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