20230726_MAPI_Laporan Informasi dan Fakta Material_31354597_lamp2.pdf

PRESS RELEASE
For Immediate Distribu7on

MAPI REPORTS ROBUST SALES PERFORMANCE FOR H1’23

Jakarta, July 26th, 2023: PT Mitra Adiperkasa Tbk (MAPI), the leading mul7-channel branded
commerce retailer in Indonesia today announced favorable performance for Q2
and H1 2023.

For the second quarter, MAPI saw net revenue rose by 23% to Rp8.1 trillion from Rp6.6 trillion, and
GPM increased from 45.6% to 46.4%. Opera7ng profit surged 27.9% to Rp1.1 trillion from
Rp836 billion. EBITDA grew 21.6% to Rp1.7 trillion from Rp1.4 trillion, while net profit soared to
Rp766 billion from Rp622 billion.

For the consolidated H1, net revenue grew 27.3% to Rp15.6 trillion from Rp12.2 trillion, with GPM
at 45.4% from 44.4% in the same period last year. Opera7ng profit was up 30.9% to Rp1.7 trillion
from Rp1.3 trillion, and EBITDA was Rp2.9 trillion from the Rp2.4 trillion posted in the same period
in 2022. Excluding the one-7me 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 opera7onal
performance, jumped 31.4% YoY to Rp1.3 trillion from Rp960 billion.

Ra7h D. Gianda, VP Investor Rela7ons, Corporate Communica7ons, and Sustainability of MAP
Group stated, “Our first half and second quarter results consistently demonstrate the effec7veness
of our diverse mul7-brand business model. This year marked the first Lebaran fes7ve period
without any curb since onset of Covid-19 pandemic, and the Company saw momentum picked up
across MAP group. Following the successful Lebaran period, sales con7nued to gain trac7on in
June, par7cularly during the school holiday period. This sustained momentum shows the appeal
and demand for our products and services.”

In June, MAPI established an official partnership with Frasers Group through Sports Direct
Malaysia, gran7ng the Company the opportunity to introduce and operate Sports Direct in
Indonesia. This strategic collaboration allows MAPI to leverage each other's strengths, creating
new growth opportunities and enhancing the customer experience.

Going forward, the Company’s main focus will be on driving synergy, and capturing higher value
from all parts of MAPI. To maintain and enhance the positive momentum in the second half of the
year, MAPI will leverage on the strength of its brand portfolio, fostering growth and driving
innovation through digital platforms and data analytics capabilities.




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