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20231031_IKAI_Laporan Informasi dan Fakta Material_31483899_lamp1.pdf
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Depend on Mutual Business Strategy, IKAI Positive Net Profits in Q3-2023 JAKARTA (1/11/23) - PT Intikeramik Alamasri Industri Tbk (IKAI) recorded an increase the third quarter financial reports with the positive improvement of bottom line position compared to the previous year. The company has submitted Q3-23 report by posting the financial report in a profitable position, net profit before tax increased by 1.31 billion compared to Q3-22 of 1.59 billion. IKAI's Q3-23 consolidated revenue reached 164.51 billion, with Q3-23 operating profit recorded at 1.75 billion. Summary of Consolidated Income Statement In billion rupiah Q3-23 Q3-22 Sales & Revenue 164,51 171,54 Gross Profit (Loss) 87,32 79,82 Gross Margin (%) 53,08% 46,53% Operating Profit (Loss) 1,76 (1,59) Operating Profit (Loss) 1,07% (0,92%) Margin (%) Profit (Loss) Before Tax for 1,31 (40,89) the Year Net Margin (%) 0,80% (23,84%) The company adopts a mutually supporting business revenue model. As the holding company of PT Internusa Keramik Alamasri (INKA), PT Hotel Properti Internasional (HPI) and PT Saka Mitra Sejati (SMS), the business strategy of synergy and mutual support is one of the efforts to maintain financial growth so that it can reap profits business. The active income from each unit business are sales income of homogenous tiles, income from the hotel business and property development. Significant business growth was felt in the performance of the Hotel segment subsidiary, the performance of the Hotel segment increased by 118% from the previous year of 36.46 billion in Q3- 22. However, although significant growth occurred in the Hotel segment, in terms of the Company's revenue contribution, the manufacture segment remained more dominant, with contribute 57.13% of IKAI's total income and the remain is the income from Hotel subsidiaries. The company's financial report improve, due to several things. First, Contribution from Hotel Segmen is significantly improve. Hotel Revenue has increased after the Covid-19 pandemic. Significant growth was recorded from 32% to 43% in the third quarter of 2023. This year, the company is aggressively implementing efficiency in sales expenses so that maximum gross profit can be achieved. Based on the latest financial report, HPI's hotel business revenue with its assets Swissbel Hotel Bogor until September 2023 reached 42.94 billion or an increase compared to the achievement in September 2022 of 36.46 billion. HPI's operating profit also almost doubled from 5.82 billion to 10.78 billion. Net income before tax became 5.44 billion from the previous loss of 7.30 billion. Trend of Hotel occupancy rate at Swissbel Hotel Bogor increased from 81% to 86%.
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The other Hotel subsidiary with its assets, Hotel Swiss-belinn Gajah Mada Medan and Hotel Saka, has revenues of 27.59 billion. The occupancy rate at Hotel Saka Medan was stable at 62% and Swiss- Belinn Gajah Mada Medan's occupancy reached 91%. In manufacturing subsidiaries, the gross profit margin contribution in INKA's manufacturing business segment is 25.14 billion. The manufacturing subsidiary achieve cost efficiency in production, so company can reduce the operational expense to achieve a maximum margin of GP to Revenue. INKA's recorded revenue until September 2023 reached 93.98 billion, gross profit 25.14 billion, and operating profit 1.18 billion. Net income before tax was 4.64 billion compared to 952.49 million in September 2022. INKA's total tiles production until September 2023 reached 1,062,459 m2. On the other hand, IKAI was also able to restructure the bank's debt in its subsidiaries, as a result of this success the company recorded a gain of 4.64 billion For your information, INKA also continues to find the breakthrough to the market by collaborating with distributor partner. Earlier this year, the tiles with the Essenza brand modernized its distribution network (modern trade) through 15 Modern Outlets which are subsidiaries of the Siam Cement Group (SCG). Besides that, previously ongoing modern outlet collaborations were Mitra10, Building Depot, Building Partners and RKM. INKA is also preparing project expansion to The Ibu Kota Negara (IKN). Apart from supporting government development projects, IKN is also part of the company's plan to complete distribution channels to reach eastern Indonesia starting in 2024. Customer Centric Business Aside focusing on improving performance, President Director of PT Intikeramik Alamasri Industri Tbk, Yohas Raffli said that IKAI's achievements in the third quarter were a successful business model approach, and the basis of all strategic decisions must be customer-focused. "IKAI constantly attempting to understand customer needs and expectations so that it can offer products and services to fulfil market expectations. Customer feedback is very useful for improving products and services as well as increasing brand loyalty, both in the tiles and hotel segments." "In the face of post-pandemic challenges, IKAI always strives to strengthen its market position through an approach that focuses on mutually beneficial business synergies." The rise in revenue from the hotel segment demonstrates the strength of our strategy, and we are pleased to report that this approach resulted in a positive net profit in the third quarter of 2023. We remain committed to innovation and efficiency in order to secure IKAI's long-term success."
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For more information, please contact:
Corporate Secretary
Tel: (62-21) 8370 0435
Email: corpsecretary_legal@intikeramik.com
Website: www.intikeramik.com
This press release has been prepared by PT Intikeramik Alamasri Industri Tbk. ("IKAI") and is
circulated for Public Expose purposes only. All opinions and estimates contained in this press
release are our judgment as of today's date and are subject to change without prior notice.
Forward-Looking Statements
Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as "will",
"expect" and "anticipate" and similar words. By their nature, forward-looking statements are subject to a number of risks and
uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that may lead to
different actual results include, but are not limited to, economic, social and political conditions in Indonesia ; the state of the gas industry
in Indonesia; prevailing market conditions; increased regulatory burden in Indonesia, including environmental regulations and
compliance costs; fluctuations in foreign currency exchange rates; trends in interest rates, cost of capital and availability of capital;
anticipated demand and selling prices for our developments and related capital expenditures and investments; construction costs;
availability of real estate properties; competition from other companies and places; shifts in customer demand; changes in operating
costs, including employee wages, benefits and training, changes in government and public policies; our ability to be and remain
competitive; our financial condition, business strategy and plans and remediation. If one or more of these uncertainties or risks, among
other things, materialize, actual results may vary materially from those estimated, anticipated or projected. In particular, but without
limitation, capital costs may increase, projects may be delayed and anticipated improvements in production, capacity or performance
may not be fully realized. Although we believe that the expectations of our management as reflected by such forward-looking statements
are reasonable based on the information currently available to us, no assurance can be given that such expectations will prove to be
correct. You should not rely too much on such statements. However, these statements speak only as of the date of this agreeme nt, and
we have no obligation to update or revise any of our material content, whether as a result of current information, future events or
otherwise.
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