Pt Mitra Adiperkasa Tbk · IDX:MAPI
Pt Mitra Adiperkasa Tbk — Q1 2025 Earnings Presentation
21 slides from Pt Mitra Adiperkasa Tbk's earnings presentation, 2025
Slide 1: Unaudited Result - Mitra Adiperkasa
iperkasa DITED RESULT itra Ad M UNAU
Slide 2: Table of Contents
TABLE OF CONTENTS 1. Indonesia Macroeconomic Indicators 2. Overview of MAP Group 3. Q1 2025 Financial Highlights 4. Appendix
Slide 3: Indonesia GDP growth and inflation
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) INFLATION Quarter Q1 Q2 Q3 Q4 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 3,791 150+ 110+ Retail Stores + 51 online stores World Class Brands Retail Concepts + Presence in 3rd party online stores Over 80 31,766 Cities** Employees ** Excluding regional countries 4
Slide 5: Specialty Stores and brand portfolio
Department Food & Specialty Stores Others Stores Beverage Active Fashion & Beauty Digital Tabata SOGO Sports Kids Zara Travelogue Sephora Digimap Starbucks Coffee Kinokuniya Crocs SEIBU Sports Station XXIO Kidz Station Massimo Dutti Max Mara Sulwhasoo Digiplus Subway Alun Alun Indonesia Galeries La
Slide 6: Retail Footprint Q1 2025
RETAIL FOOTPRINT Q1 2025 No. Stores Space (sqm) Consolidated 3,791 1,203,698 Department Store 62 327,960 Specialty Store 2,880 653,923 Active 2,099 450,560 Fashion & Beauty 595 184,920 Digital 186 18,443 F&B 843 213,640 Others 6 8,176 6
Slide 7: Q1 2025 Financial Highlights
Q1 2025 FINANCIAL HIGHLIGHTS 7
Slide 8: Q1 2025 income statement summary
*) After PSAK 73/ IFRS 16 Q1 Q1 in IDR Billion % Growth 2025 2024 Net Sales 9,300 8,788 5.8% Gross Profit 4,085 3,748 9.0% % Margin 43.9% 42.6% EBIT 769 713 7.8% % Margin 8.3% 8.1% EBITDA 1,547 1,462 5.8% % Margin 16.6% 16.6% Net Profit 567 501 13.1% % Margin 6.1% 5.7% NPATMI 472 414 14.1% % Margin
Slide 9: % Growth YoY Net Sales
(IDR bn, %) % GROWTH Q1 25 Q1 24 Q1 23 Q1 22 Q1 21 YoY 5.8% 17.8% 32.5% 30.6% -8.7% 9,300 8,788 NET SALES 7,462 5,633 4,313 Q1 25 Q1 24 Q1 23 Q1 22 Q1 21 9
Slide 10: Aging Inventory and Inventory Days
(Days, IDR bn, %) AGING INVENTORY Q1 25 FY 24 FY 23 FY 22 FY 21 FY 20 > 6 MONTHS 25% 26% 23% 25% 43% 38% 152 145 136 126 125 102 INVENTORY DAYS 10
Slide 11: Balance sheet
(IDR bn) As of As of As of As of As of As of ASSETS LIABILITIES & EQUITY 31 MAR '25 31 DEC '24 31 DEC '23 31 MAR '25 31 DEC '24 31 DEC '23 CASH & EQUIVALENTS 3,536 4,040 3,675 BANK LOAN 3,154 2,329 2,885 ACCOUNT RECEIVABLES 1,129 1,086 1,145 BONDS PAYABLE 430 430 430 INVENTORIES 9,804 8,290 8,088 AC
Slide 12: Regional store presence
as of March 2025 INDONESIA PHILIPPINES VIETNAM • 3,336 stores • 243 stores • 42 stores • 150+ exclusive brands • 21 exclusive brands • 14 exclusive brands THAILAND MALAYSIA SINGAPORE CAMBODIA • 54 stores • 69 stores • 33 stores • 14 stores • 10 exclusive brands • 6 exclusive brands • 9 exclusive bra
Slide 13: Geographical % Sales
GEOGRAPHICAL % SALES as of March 2025 Jawa 19% Bali 5% Sumatera Jakarta 47% 6% —— Sulawesi 2% Others 3% Overseas 18%
Slide 14: Digital Retail Stores
DIGITAL RETAIL STORES ACTIVE FASHION DIGITAL OTHERS SPORTS STATION NEW BALANCE ID ZARA ID DIGIMAP ID KINOKUNIYA PLANET SPORTS.ASIA NEW BALANCE TH ZARA VN DIGIMAP PH FOOT LOCKER ID ALDO ID ZARA Cambodia DIGIBOX VN 3rd Party Marketplaces FOOT LOCKER MY ALDO MY PULL & BEAR DIGIBOX Cambodia SHOPEE FOOT
Slide 15: Contribution by Channel Digital Sales Performance
(IDR bn, %) CONTRIBUTION BY CHANNEL DIGITAL SALES PERFORMANCE Q1 25 Q1 24 2024 2023 2022 2021 CONTRIBUTION 8.6% 9.1% 9.2% 8.8% 9.0% 13.0% 3,482 2,933 2,419 2,388 CONTRIBUTION BY SEGMENT 802 798 Q1 25 Q1 24 2024 2023 2022 2021 Q1 2025 Sales Contribution 8.6% 15
Slide 16: 16
16
Slide 17: Operational Expenditure
OPERATIONAL EXPENDITURE *) After PSAK 73/ IFRS 16 in % of sales Q1 25 Q1 24 FY 24 FY 23 NET SALES 9,300 8,788 37,836 33,319 LABOR 11.6% 11.0% 10.7% 11.3% RENTAL 4.8% 4.7% 4.4% 4.3% DEPRECIATION & AMORT. 8.2% 8.4% 7.8% 7.7% A&P 1.4% 1.5% 1.7% 1.7% OTHERS 9.6% 8.9% 9.0% 9.5% TOTAL OPEX 35.7% 34.5% 33.
Slide 18: Specialty Store
SPECIALTY STORE *) After PSAK 73/ IFRS 16 In IDR BN Q1 25 Q1 24 FY 24 FY 23 Net Revenue 7,791 7,305 31,631 26,229 % Growth 6.6% 26.4% 20.6% 26.9% EBIT *) 696 606 3,120 3,070 % Ebit Margin 8.9% 8.3% 9.9% 11.7% FASHION ACTIVE DIGITAL ZARA 21 Stores SPORTS STATION 391 Stores DIGIMAP 178 Stores MARKS &
Slide 19: Food & Beverage
FOOD & BEVERAGE *) After PSAK 73/ IFRS 16 FOOD & BEVERAGE In IDR BN Q1 25 Q1 24 FY 24 FY 23 STARBUCKS COFFEE 595 Stores Net Revenue 720 788 3,228 3,999 SUBWAY 114 Stores % Growth -8.6% -17.7% -19.3% 16.4% PIZZA MARZANO 22 Stores COLD STONE 15 Stores EBIT *) (62) (26) (96) 170 KRISPY KREME 39 Stores
Slide 20: Department Store
DEPARTMENT STORE *) After PSAK 73/ IFRS 16 In IDR BN Q1 25 Q1 24 FY 24 FY 23 Net Revenue 727 621 2,694 2,547 % Growth 17.2% 1.8% 5.8% 11.1% EBIT *) 141 101 415 347 % Ebit Margin 19.4% 16.3% 15.4% 13.6% DEPARTMENT STORE SOGO 18 Stores SEIBU 2 Stores GALERIES LAFAYETTE 1 Stores THE FOODHALL 41 Stores
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