20231027_MAPI_Laporan Informasi dan Fakta Material_31482488_lamp1.pdf

PRESS RELEASE
For Immediate Distribu7on

MAPI RECORDS SUSTAINED GROWTH FOR 9M’23

Jakarta, October 30th, 2023 – PT Mitra Adiperkasa Tbk (MAPI), the leading mul7-channel branded
commerce retailer in Indonesia today reported posi7ve 9M 2023 sales and net profit growth,
reflec7ng steady momentum across nearly all business segments.

For the consolidated 9M, MAPI’s net revenue grew 26.4% YoY to Rp23.8 trillion from Rp18.8 trillion,
with GPM improved to 45.6% from 45.1% in the same period last year. Opera7ng profit increased
by 17.8% YoY to Rp2.6 trillion, and EBITDA reached Rp4.4 trillion, an improvement from the
Rp3.9 trillion posted in 9M’22. Excluding the one-time gain from Burger King divestment worth of
Rp309 billion (net of tax) that occurred in Q1 22, core profit, which represents the Company's core
operational performance, jumped 20.2% YoY to Rp1.8 trillion.

In Q3, MAPI saw net revenue increase by 24.7% YoY to Rp8.2 trillion from Rp 6.6 trillion in the
same period last year. GPM slightly declined to 46.2% from 46.5%, while opera7ng profit and
EBITDA stood at Rp 832 billion and Rp 1.4 trillion, respec7vely. On the bogom-line, MAPI managed
to improve its net profit to Rp 577 billion, versus net profit of Rp 569 billion last year.

Ra7h D. Gianda, VP Investor Rela7ons, Corporate Communica7ons, and Sustainability of MAP
Group commented, “During the 9-month period, we saw solid growth across the Group, driven by
our diverse mul7-brand business model and the resilience of our consumer base. In a broader
sense, we have observed posi7ve trends in overall macroeconomic indicators. Our main target
market, par7cularly within the middle and upper segments, has demonstrated increasing
consumer confidence on the back of their solid founda7ons. These compelling factors were driving
a surge in customer traffic and demand for our products.”

MAPI has consistently witnessed a notable up7ck in customer foolall across its stores. The “Back-
to-School” campaigns held in July garnered a favorable response, and this sustained momentum
shows the Company’s ability to effec7vely engage and meet the needs of its customers.
Furthermore, MAPI con7nued its focus on building strategic partnerships with leading
interna7onal brands. The Company strengthened its presence by launching the first Zara store in
Makassar. Beyond Indonesia, MAPI also launched the first Zara store in Cambodia, as well as the
first Foot Locker stores in Thailand and Vietnam, posi7oning MAPI as one of the go-to des7na7ons
for fashion and premium sportswear in both countries.




                                                                                                 1