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PUBLIC EXPOSE 2025 March 2026
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Disclaimer
This material has been prepared by PT Mitra Pinasthika Mustika Tbk (“Company”, “MPM”) and has not been independently verified.
No representation or warranty, express or implied, is made and you may not rely on the accuracy, fairness or completeness of the information
presented in or contained in this material. The Company and/or its affiliates, advisers or representatives shall not be liable for any loss arising
from any information presented in or contained in this material. The information presented in or contained in this material is subject to change
without notice and its accuracy is not guaranteed.
This material may contain forward-looking statements. These statements include descriptions regarding the Company’s or its officers’ current
intentions, beliefs or expectations with respect to the Company’s consolidated operating results and financial condition. Such forward-looking
statements can be identified by the use of words such as “expect”, “plan”, “will”, “estimate”, “project”, “intend”, or other words of similar
meaning. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may
differ from those described in the forward-looking statements as a result of various factors and assumptions. The Company has no obligation
and does not undertake any obligation to revise any forward-looking statements to reflect future events or circumstances.
These materials are provided for informational purposes only and do not constitute, or form part of, any offer, solicitation or invitation of any
offer to buy or subscribe for any shares of the Company in any jurisdiction, and neither this material nor any part of it shall form the basis of, or
be relied upon in connection with, any contract, commitment or investment decision whatsoever. Any decision to buy or subscribe for shares of
the Company should be made only after obtaining advice from appropriate professional advisers.
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1 Company Overview 2 Financial and Business Review 3 Company Strategy
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Shareholders Structure and Business
MPM’s Automotive Ecosystem consist of synergistic businesses including motorcycle sales, general insurance, transportation and financing .
Other Shareholders
PT Saratoga Investama Sedaya Tbk PT Persada Capital Investama 1. Public (37.08%)
2. Treasury (0.16%)
57.67% 5.09% 37.24%
Ownership 99.99% - 99.99% 50.00% 40.00%
Segment Distributor Retail Insurance Transportation Financing
Car Rental, Used Car
Honda Motorcycle Honda Motorcycle
Description General Insurance Sales & Manpower Consumer Financing
Distributor Dealership
Service
Data per 31 December 2025 Shareholders Subsidiary Business Unit
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Operational Network
Broad and widespread service network throughout Indonesia.
8
8 1
16 22
5 1 13
5
5
5
1
33
4 33
34
34
11
77
238
238
31
8 1 27
1 4
265 43 16 29 71
Dealers Dealers Headquarter, Branches, Branches & Sales
Branches, & Representative & offices
Representative offices Service points
Data per 31 December 2025
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Milestones
For almost 40 years, MPM has continued to expand its business and has contributed to the advancement of Indonesia’s automotive industry.
1988 1994 2012 2017 2019 2023 2025
Established PT Acquired financing Acquired the transportation Completed the sale PT Saratoga Investama Increased ownership MPM Motor
Federal Karyatama company PT business (MPM Rent) and of a 20% stake in Sedaya Tbk became the in MPM Insurance to expanded its
(FKT), a Sasana Artha financing business (MPM MPM Finance to Company’s controlling 99.5% operational coverage
manufacturer of Finance (SAF) Finance), and established the JACCS Co., Ltd shareholder to Bangil, Morowali,
Federal Oil insurance business (MPM and Waingapu
lubricants Insurance)
1987 1992 2010 2013 2018 2022 2024
Founded by William Opened MPM Established PT Listed on the Divested its entire Entered into a Increased ownership
Soeryadjaya under Motor, the first Mitra Pinasthika Indonesia Stock 100% ownership in PT strategic partnership in MPM Insurance to
the entity name PT retail outlet for Mulia as a Exchange (IDX) and Federal Karyatama to with Carro and 99.99%
Mitra Pinasthika direct motorcycle motorcycle formally became a the ExxonMobil Group increased ownership
Mustika sales to consumers distribution public company in MPM Insurance to
company (Tbk) 96%
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Board of Commissioner dan Director
Led by a solid and experienced management team in the automotive industry.
Board of Commissioner
EDWIN SOERYADJAYA TOSSIN HIMAWAN DANNY WALLA
President Commissioner Commissioner Commissioner
• Founder & President Commissioner, PT Saratoga • More than 37 years of experienced at Astra Group (as • More than 34 years of experienced at Astra Group
Investama Sedaya Tbk Director and Commissioner) • Board of Directors Advisors, PT Toyota Tsusho
• President Commissioner, PT Alamtri Resources • President Director, PT Rasi Unggul Bestari Indonesia
Indonesia Tbk (previously PT Adaro Energy • President Commissioner, PT Mitra Pinasthika Mulia • Independent Commissioner, PT Dharma Satya
Indonesia Tbk) Nusantara Tbk
• President Commissioner, PT Tower Bersama • Commissioner, PT Oerlikon Balzer Artoda Indonesia
Infrastructure Tbk
• President Commissioner, PT Merdeka Copper BENNY REDJO ISTAMA SIDDHARTA
Gold Tbk Independent Commissioner Independent Commissioner
• President Director, PT Industri dan Perdagangan • President Director,
Bintraco Dharma Tbk. PT Amalgamated Consulting Indonesia
• Commisioner & Member of the Nomination and • Member of Audit Committee, PT Diamond Foods
Remuneration Committee of PT JACCS Mitra Indonesia
Pinasthika Mustika Finance Indonesia
Board of Directors
SUWITO MAWARWATI BEATRICE KARTIKA KEMAL MAWIRA
President Director Director Director
• Head of Sales, Representative and Branch • Finance Director at several subsidiaries of Saratoga • Commissioner, PT Mulia Bosco Logistik
Manager PT Astra Motor International (1987-1997) Group (2015-2017) • Commissioner, PT Mitra Pinasthika Mulia
• President Director, PT Mitra Pinasthika Mulia • Head of Finance Department, Saratoga Group (2013- • Senior Executive Vice President - Portfolio Managem
• President Director, PT Mitra Pertama Mulia 2015) • ent PT Saratoga Investama Sedaya Tbk
• Commissioner, PT Mitra Pinasthika Mustika Auto • Director, PT Mitra Pinasthika Mustika Auto
• Commissioner, PT Putra Mustika Prima • Director, PT Armada Maha Karya
• Commissioner, PT Armada Maha Karya • Director, PT Putra Mustika Prima
• Commissioner, PT Mitra Pertama Mulia
Data per 31 December 2025
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Achievements
MPM received various awards, reflecting its commitment to sustainable growth and long-term success.
Company Performance Environmental, Social and Governance
The Best Digital Awards 2025 The Best General Insurance The 16th IICD Awards Best Digital Transformation Asia Sustainability Reporting PR Program of the Year 2025
Specialty Retail 2025 “Effective Strategy Top 50 Mid Cap Companies in Human Capital Rating 2025 - Silver Category “ESG Campaign Program”
by JakTV Implementation” by IICD1 by First Magazine Indonesia by NCCR2 by SWA Media Group
by Warta Ekonomi
Top Corporate Awards 2025 Top Executive Awards 2025 The Best Performing General Top CSR Awards 2025 Top Leader on CSR Indonesia Sustainability
“Good Performing Public “Great Leader of The Year” Insurance 2025 # Star 4 Commitment 2025 Award 2025
Company” by Tras n Co & Infobrand.id by The Finance by Top Business by Top Business by First Magazine
by Tras n Co & Infobrand.id Indonesia and KNKG
Data per 31 December 2025 1 Indonesian Institute for Corporate Directorship (IICD) 3 Komite Nasional Kebijakan Governance (KNKG)
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2 National Center for Corporate Reporting (NCCR)
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ESG Program
MPM consistently enhances value creation through sustainable business practices, with a strong focus on environmental, social and governance.
Environmental
Planting of 100.000 Mangrove Seedlings Contibute to Recycle of Waste to the Waste Bank
A recurring program aimed at rehabilitating mangrove forests in Supporting waste reduction and the circular economy through
Golo Sepang Village, West Manggarai Regency, East Nusa sustainable waste management initiatives, including the
Tenggara, while also empowering local fishermen through establishment of four assisted waste banks.
sustainable crab farming.
Social
45.673 Safety Riding Education Skills and Capacity Development Strengthening Access to Education
Participants & Scholarships
Through 463 training sessions, MPM Financial literacy education for 100 university Supporting improvements in education quality
Distributor continue to strengthen safe students, as well as skills training for 51 through strengthening facilities at 2 schools in
riding education for the community. prospective driver partners to support job the operational area and providing
readiness. scholarships to 20 journalists’ children
Governance
Score of 8,67 Sustainalytics ESG Risk Strengthening Operational Resilience Risk Management & Information
Risk Rating Security Enhancement
Placing MPM in the Negligible Risk Redesigning the BCMS (ISO 22301:2019) and Integration of information asset-based risk
category, as well as ranking 2nd out of 85 strengthening ERM (ISO 31000:2018) to enhance management (ISO 27005:2022), along with
peer companies assessed. operational resilience and risk management. MPMRent’s achievement of ISO 27001:2022
certification.
Data per 31 December 2025 1 Business Continuity Management System (BCMS) 9
2 Enterprise Risk Management (ERM)
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1 Company Overview 2 Financial and Business Review 3 Company Strategy
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Consolidated Financial Performance
MPM recorded a decline in net revenue and net profit due to weaker performance across all business segments.
Net Revenue Net Profit
(in IDR billion) (in IDR billion)
-1% -19%
16,385 16,152 572
462
2024 *) 2025 2024 *) 2025
• Net revenue weakened due to softer performance across all • Net profit decreased due to weaker performance across all
business segments. business segments.
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*) re-stated in accordance with IFRS 17 (PSAK 74) for Insurance company
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Distribution dan Retail – MPM Distributor & MPM Motor
Motorcycle sales revenue declined in the distribution and retail segments, though after-sales revenue maintained growth.
Motorcycle Sales Revenue After-Sales Revenue
(in IDR billion) (in IDR billion)
-3% +3%
13,191 12,850 1,361 1,407
2024 2025 2024 2025
-4% +24%
3,430 3,285 98
79
2024 2025 2024 2025
• Weaker sales volumes reflected the broader slowdown • Growth in after-sales revenue was supported by higher
in motorcycle demand. sales of spare parts and services 1.
1 Service revenue is solely generated from retail sales (MPM Motor) 12
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General Insurance – MPM Insurance
MPMI recorded an improvement in Insurance Revenue, an increase net claims expenses, and growth in investment results.
Insurance Revenue Cost of Revenue Investment Result
(in IDR billion) (in IDR billion) (in IDR billion)
+2% Finance Income Other Income
+1% +45%
913 928
778 784 54
Others1 274 +15% 317 +9%
303 330
38
Property 373 -2% -2% 49
364 +71%
331 29
326
Motor -7% -11%
266 247 -37%
Vehicle 144 129 9 6
2024 2025 2024 2025 2024 2025
• Insurance revenue improved mainly due to • The increase in cost of revenue was mainly • Gains from investments in equities, bonds,
engineering segment, while the property driven by higher claims from engineering and mutual funds led to better investment
and motor vehicle segments weakened. segment. returns.
1 Others includes AKM (Asuransi Kredit Multiguna), marine hull, marine cargo, engineering,
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general accident dan liability.
Note: Presented in accordance with IFRS 17 (PSAK 74)
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Transportation – MPM Rent
Transportation segment revenue remained stable, with used car sales growth concentrated in commercial vehicles, despite a decline in total driver
volume
Total Revenue +0,1% Remarks
(IDR Billion)
Total Rented 13,32 13,33
• Car rental: Total rented fleet was
+1% Fleet stable.
1,430 1,440 (in ‘000 unit)
2024 2025
-4,2% • Driver service: Lower driver
Total Rented demand was mainly driven by
Driver 1,51 1,44 clients’ cost efficiency initiatives
and project completions
(in ‘000 unit)
2024 2025
+5,8%
Total Used Car • Used car sales: Commercial
3,94 4,17
Sales vehicle sales drive the growth in
Passenger 79% 68% used car sales segment.
(in ‘000 unit)
Commercial 21% 32%
2024 2025 2024 2025
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Financing - JACCS MPM Finance
Company remained focused on risk management, recovery, and operational efficiency.
Total Net Loss +12% Strategic Focus:
(in IDR billion)
55 1. Improving Asset Quality:
+53% 49 • Revamped risk assessment
Recoveries from
model to strengthen credit
written-off
evaluation.
receivables
• Enhanced internal collection
processes.
(in IDR billion)
2. Accelerating Asset
Management:
2024 2025
• Enhancing repossession and
disposal processes to
accelerate recovery and
-25%
monetize non-productive
-285 554 assets more quickly.
Total Operating 414
Expenses (OPEX) 3. OPEX Management:
• Focus on cost efficiency
(in IDR billion) through workforce
-437 optimization and operational
discipline.
2024 2025 2024 2025
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1 Company Overview 2 Financial and Business Review 3 Company Strategy
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Company Strategy 2025
The company focuses on strategies encompassing synergy, investment, human resources, digitalization, technology, and environmental and social
initiatives.
Business Collaboration New Business Portfolio Scale up people competencies
Investing in businesses that Enhancing employee
Actively identifying
can grow alongside the MPM capabilities through programs
opportunities to strengthen
ecosystem and remain & training to improve
synergies across business
relevant to current industry competitiveness and support
segments.
trends. Company’s growth.
Advancement on IT Infrastructure Accelerate Digital Implementation Engagement and Social Program
Accelerating digital Increasing activities and
Enhancing IT infrastructure
transformation to strengthen participation in environmental
and systems to support
operational capabilities and and social programs to deliver
business efficiency and
deliver added value to positive impacts to
innovation.
stakeholders. communities.
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Untuk informasi lebih lanjut silahkan hubungi ir@mpm-ho.com Kunjungi website investor kami www.mpmgroup.co.id/id/investors
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APPENDICES
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Consolidated Profit & Loss Account
in IDR billion
P&L Account 2024*) 2025 Changes
Continuing Operation
Net Revenues 16,385 16,152 -1%
Gross Profit 1,339 1,361 +2%
Operating Expenses (909) (939) +3%
Other Income, net 261 252 -3%
Operating Profit 690 674 -2%
Finance Income, net 97 88 -9%
Share of Profit of Associates1 (75) (156) +108%
Profit Before Tax 712 606 -15%
Income Tax Expense (142) (146) +3%
Net Profit from Continuing Operations 570 460 -19%
Discontinued Operation
Net Profit from Discontinued Operations 2 2 +3%
Profit for The Period 572 462 -19%
1 Share of profit of associates from 40% ownership in JMFI and 50% ownership in MPM Rent 20
*) re-stated in accordance with IFRS 17 (PSAK 74) for Insurance company
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Consolidated Statement of Financial Position
in IDR billion
Balance Sheet Account 2024 2025 Changes
Assets
Cash and Cash Equivalents 1,867 1,643 -12%
Trade Receivables 170 181 +6%
Inventories 437 668 +53%
Reinsurance Contract Assets 872 886 +2%
Investment in Associates 1,838 1,681 -9%
Investment in Securities 1,204 1,143 -5%
Guarantee Deposits 1,033 1,079 +4%
Fixed Assets, Net and Other Intangible Assets 950 919 -3%
Other Assets 320 335 +5%
Total Assets 8,691 8,535 -2%
Liabilities
Borrowings 10 205 +1.913%
Trade Payables 898 680 -24%
Insurance Contract Liabilities 1,311 1,221 -7%
Other Liabilities 442 446 +1%
Total Liabilities 2,661 2,552 -4%
Equity
Equity Attributable to Owners of the Company 6,030 5,982 -1%
Non-controlling Interests 0 0 +4%
Total Equity 6,030 5,982 -1%
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*) re-stated in accordance with IFRS 17 (PSAK 74) for Insurance company
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Consolidated Statement of Cash Flow
in IDR billion
-33%3)
-113%2)
-89%1)
745
(108)
83 14
24 1.867
1,712 15 1,643
(506)
(336)
Beginning Operational Investment Financing Effect on End Balance Operational Investment Financing Effect on Ending
*) *)
Balance 2024 Activities Activities Activities Changes in of FY24 Activities Activities Activities Changes in Balance FY25
Exchange Rates Exchange Rates
Notes:
1) Lower cash inflows from operating activities in FY25 due to lower cash receipt from customers and higher payments to motorcycle supplier.
2) Higher cash inflows from investing activities in FY25 due to investment realization on mutual funds.
3) Lower cash outflows from financing activities in FY25 due to proceed from short-term bank loans
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*) re-stated in accordance with IFRS 17 (PSAK 74) for Insurance company
Names mentioned 36 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Sedaya Tbk
p.6
unresolved
org
JACCS Co., Ltd
p.6
unresolved
org
Astra Group Investama Sedaya Tbk
p.7
unresolved
org
PT Rasi Unggul Bestari
p.7
unresolved
org
Indonesia Indonesia Tbk
p.7
unresolved
org
PT Mitra Pinasthika Mulia
p.7 ×3
unresolved
org
Dharma Satya Indonesia Tbk
p.7 ×2
unresolved
org
Oerlikon Balzer Artoda Indonesia Infrastructure Tbk
p.7 ×2
unresolved
org
PT Merdeka Copper
p.7
unresolved
org
ISTAMA SIDDHARTA Gold Tbk
p.7
unresolved
org
Bintraco Dharma Tbk.
p.7
unresolved
org
PT Amalgamated Consulting Indonesia
p.7
unresolved
org
PT Diamond Foods Remuneration Committee
p.7
unresolved
org
PT JACCS Mitra
p.7
unresolved
org
PT Mulia Bosco Logistik Manager
p.7
unresolved
org
PT Astra Motor International
p.7
unresolved
org
PT Mitra Pertama Mulia
p.7
unresolved
org
PT Mitra Pinasthika Mustika Auto
p.7 ×2
unresolved
org
PT Putra Mustika Prima
p.7 ×2
unresolved
org
PT Armada Maha Karya
p.7 ×2
unresolved
org
PT Mitra Pertama Mulia Data
p.7
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