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Page 1
PUBLIC
EXPOSE


Presentation by:
Anthony Mc Evoy (President Director)
Jakarta, June 30th, 2025
Page 2
           • Our Story

           • MBA Overview

           • Our Strategies
TABLE OF   • FY2024/Q12025 Financial Highlights
CONTENTS   • 2024/2025 Marketing
             & Operation Highlights

           • ESG / Sustainability Initiatives


                                                  2
Page 3
                  Launch of



                                                                                                             OUR
                                                  Launch of                        IPO of MBA


 2002                             2008                             2016
 Launch of        2006            Launch of       2013             Partnership      2017
                                                                                                            STORY
                                                                      with
                                                                    General
                                                                    Atlantic
                                                                                                     •   Starbucks won
                                                                                                         "Excellence in Loyal
                                                                                                         Marketing" – Marketing
                                              •    Expanded into                                         Interactive
                                                   10 new cities                                     •   MURI & World Record
                 Acquisition of
                                              •    Surpassed                                             for simultaneous
                                                   700 stores                                            Sumatra coffee tasting
                                                   across                                                across the most Starbucks
 2018                             2021             Indonesia                 2023                        stores in Indonesia
                                                                                                                                      2025
Acquisition of    2019            Launch of        2022              •   Starbucks & Subway
                                                                         received LPPOM MUI
                                                                                                               2024                  Acquisition of

                                                                         Halal Award
                                                                     •   MBA won "Best
                                                                         Consumer Cyclicals
                                                                         Sector" – Certified
                                                                         Securities Analyst Awards                                                    3
Page 4
 MBA OVERVIEW (Q1 2025)
  843 8            PREMIUM
                F&B BRANDS
                                                 7,090
RETAIL STORES                                    EMPLOYEES

                                             A MEMBER OF MAP

   61
                LISTED ON
                                                  GROUP
                INDONESIA
                  STOCK                         STRATEGIC
   CITIES       EXCHANGE                     PARTNERSHIP WITH
                                             GENERAL ATLANTIC



                                             *
                                                                4
                   *Acquired in April 2025
Page 5
        595 stores    MBA OVERVIEW
        114 stores       (Q1 2025)
         39 stores
         27 stores
          22 stores
          24 stores
          15 stores
           7 stores
TOTAL   843 stores
                                     5
Page 6
       OUR
STRATEGIES
SCULPTING THE FUTURE



                       6
Page 7
Prudent Expansion

Selective Growth for Sustainable Profitability
• Focus on high-traffic locations

• Store format innovation: kiosk, drive thru,
  flagship

• Data-driven location and format decisions

• Hyper-selective rollout aligned with brand
  potential
                                                 7
Page 8
Enhance
Efficiencies
•   Healthy stores portfolio
•   Optimized inventory
•   Lean cost management
•   Workforce aligned to business needs




                                          8
Page 9
Focus on Customer Experience
            Execute Digital Change
  Enhancing Customer Engagement and Operational Agility




        One Data
               •
     Real-time targeted &
   Personalized Promotions
               •
        Insight-driven
           products
               •                                          Leverage MAPCLUB
         Digital wallet                                   • Expanding digital convenience
                                                          • Focus on converting occasional users to
                •
                                                            habitual customers
                                                                                                      9
Page 10
Focus on Customer Experience
UNIFYING RETAIL EXPERIENCE OPTIONS
MBA strives to make every moment count by seamlessly unifying all its channels across the Company’s
     physical and digital channels as well as third-party marketplaces and delivery aggregators.

           Dine-in/takeaways vs Online Delivery
                        Dine-in/takeaways   Delivery
   12.0%                                               5.0%
                7.0%             5.1%                          5.6%




                93.0%            93.0%                 95.0%   94.4%
   88.0%

                                                                        Working closely with delivery
                                                                       aggregators to create a seamless
                                                                            customer experience
    2022         2023             2024                 1Q24     1Q25                                      10
Page 11
FY2024/Q12025
  FINANCIAL
 HIGHLIGHTS


                11
Page 12
CONSOLIDATED INCOME STATEMENT
         Consolidated                 Unaudited              Audited
        (in Billion Rupiah)   Q1 2025         Q1 2024      2024       *
                                                                     2023
  Net Sales                      720             788      3,228     3,999
  % growth                      -8.6%          -17.7%    -19.3%     16.4%
  Gross Profit                   502             550      2,252     2,760
  %margin                       69.7%           69.8%     69.8%     69.0%
  %growth                       -8.7%          -15.8%    -18.4%     17.4%
  EBIT                           (62)            (26)      (95)      171
  %margin                       -8.6%           -3.3%     -2.9%     4.3%
  %growth                     -138.5%         -182.2%   -155.6%    -21.7%
  EBITDA                          77             125        496      751
  %margin                       10.7%           15.9%     15.4%     18.8%
  %growth                      -38.4%          -24.3%    -34.0%     3.0%
  Net Profit (Loss)              (53)            (22)     (146)      105
  %margin                       -7.4%           -2.8%     -4.5%     2.6%
  %growth                     -140.9%         -262.9%    -239%     -22.7%
                                                                            12
Page 13
                                       NET SALES
                                               3,999

                                       3,437
                                                       3,228

                               2,431
           2,044



                                                                  788          720



            2020               2021    2022    2023    2024    Q1 2024 UA   Q1 2025 UA
Presented in Billion Rupiah.
                                                                                         13
Page 14
                                             EBIT
                                      219
                                              171



                                25
              (153)                                  (95)     (26)         (62)




               2020            2021   2022    2023   2024   Q1 2024 UA   Q1 2025 UA


Presented in Billion Rupiah.
                                                                                      14
Page 15
                                             EBITDA
                                      729      751



                               547
                                                      496
          402




                                                                125
                                                                             77


          2020                 2021   2022     2023   2024   Q1 2024 UA   Q1 2025 UA

Presented in Billion Rupiah.
                                                                                       15
Page 16
                               NET INCOME (LOSS)
                                      135
                                             105



        (165)                  (13)                 (146)      (22)         (53)




        2020                   2021   2022   2023   2024    Q1 2024 UA   Q1 2025 UA



Presented in Billion Rupiah.
                                                                                      16
Page 17
                    BALANCE SHEET
                                  Unaudited          Audited
            (in Billion Rupiah)
                                  Q1 2025      FY 2024         FY 2023
ASSETS
Cash and Cash Equivalent                 384         469           541
Account Receivables                       58           60           69
Inventories                              133         136           193
Property and Equipment - Net           1,306        1,327        1,495
Right-of-use-assets-net                  653          667          676
Other Assets                             341          306          271
Total Assets                           2,875        2,965        3,245
LIABILITIES AND EQUITY
Account Payables                         552          539         630
Lease Liabilities                        495          511          525
Others                                   334          368          403
Total Liabilities                      1,381        1,418        1,558
Total Equity                           1,494       1,547         1,687   17
Page 18
  2024/2025
MARKETING
      &
OPERATIONAL
 HIGHLIGHTS

              18
Page 19
                                        - NEW STORES


TERMINAL 3 INTERNATIONAL
     AIRSIDE GATE 5           SOUTH KUTA MANDALIKA LOMBOK             LIPPO MALL NUSANTARA




                           JAKARTA PREMIUM OUTLET ALAM SUTERA
   DT AMPERA RAYA                                               DT KM 725A MOJOKERTO - SURABAYA19
                                                                                                19
Page 20
                                    - ANNIVERSARY
     Starbucks Indonesia’s 23 rd Anniversary Campaign




• Special Starbucks Indonesia’s 23rd Anniversary merchandise and beverage
• 14K Blind Box Plush sold out from Starbucks Rewards


                                                                            20
Page 21
           - MAJOR CAMPAIGN
'Green Up Your Day' Campaign




      ▪ > 1K Runners, Ticket Sold out 3 Days.
      ▪ IG 1.1M reach & 600K KOL's reach



                                                21
Page 22
                - PRODUCT INNOVATIONS
UBE - Session         Planet-Based Menu




                                          22
Page 23
                       - NEW STORES



LIPPO MALL NUSANTARA         TERMINAL 3 AIRSIDE                     ICON BALI




                  MARGO CITY DEPOK                GRAND INDONESIA               23
Page 24
                - PRODUCT INNOVATIONS
Ramadan Menu: Beef Pastrami   Captain Fish




                                             24
Page 25
                - PRODUCT INNOVATIONS
Local Taste: Tuna Sambal Roa   Subway Black Edition
                                   (1st in The World)




                                                        25
Page 26
                - PRODUCT INNOVATIONS
3 rd Anniversary Celebration   Taste of Thailand
        Cheesy Beef            (Subway Thai Shrimp)




                                                      26
Page 27
           - NEW STORE
New Store: GRAND INDONESIA




                             27
Page 28
            - PRODUCT INNOVATIONS
New Product Development




                                    28
Page 29
               - MAJOR COLLABORATION




Godiva x Lampung Marriott   Godiva x Westin
                                              29
Page 30
- POP UP STORE
  Central Park Booth




                       30
Page 31
                   - PRODUCT INNOVATIONS
                    New Product Development




  Rocher Creations           Moon Cake Series   Kids Themed Cake
(Crunchy Peanut, Hazelnut)                                         31
Page 32
- MAJOR COLLABORATION
 Cold Stone X Oatside




                        32
Page 33
         - MAJOR COLLABORATION
Cold Stone X Teazzi   Cold Stone X Despicable Me 4




                                                     33
Page 34
- NEW STORE
New Store: LIPPO MALL NUSANTARA




                                  34
Page 35
- BRAND CAMPAIGN
                  New Activation




Family of the Month                Sushi Class   35
Page 36
           - PRODUCT INNOVATIONS
                 New Product Development
Krispy Kreme X        Krispy Kreme X Marjan   Krispy Kreme X Ovaltine
Ferrero Rocher            Ramadan 2024




                                                                        36
Page 37
          - PRODUCT INNOVATIONS
                 New Products Development




Flat Croissant       PAUL X Tolak Angin 2024   Ramadan 2024
                                                              37
Page 38
- NEW STORE
New Store: TERMINAL 3 AIRSIDE




                                38
Page 39
               - NEW STORE
New Store: LIPPO MALL NUSANTARA (March 2025)




                                               39
Page 40
        - PRODUCT INNOVATIONS
June 2025 – Product Innovations




                                  19 new menu on our 19th
                                  Anniversary as well as
                                  menu book design revamp
                                                            40
Page 41
      - BRAND ACQUISITION
Acquired Toast Box in April 2025




                                   41
Page 42
                       AWARDS


Simultaneous Sumatra
 Coffee Tasting at the
     Most Outlets
- Indonesia World Record Museum -
               2024
                                    42
Page 43
                       AWARDS


 Indonesia Brand Communication
Excellence (Digital Brand Campaign,
 Digital Campaign, and Integrated
    Brand Campaign category)

      - MIX Marketing &
   Communication Magazine -
              2024
                                      43
Page 44
                  AWARDS


    Indonesia Best
       Employer
     Brand Award
- Employer Branding Award -
           2024
                              44
Page 45
                    AWARDS



Marketing Excellence
       Award

- Marketing-Interactive.com -
            2024
                                45
Page 46
SUSTAINABILITY
  INITIATIVES


46
Page 47
"LESS PLASTIC POLICY"             Plastic reduction initiatives
                                      through "Greener
                                     Nusantara" initiative.

                                  Use of "greener" materials
                                   in all Starbucks stores.




         “Recycled PET Cups,
            Paper Straws,     “
            Wooden Stirrers                                       47
Page 48
CARING FOR               Collaborating with Planet
THE COMMUNITIES        Water Foundation, we built 18
                       water towers that provide clean
WHERE WE DO BUSINESS      water to the surrounding
                                communities.​




                                                         48
Page 49
ETHICALLY SOURCED COFFEE
99.75%* of Starbucks coffee beans are sourced
   from farmers that implement Coffee and
      Farmer Equity (C.A.F.E) practices.




*Source: Starbucks Global Environmental and Social Impact ReportPage 19.                49
https://stories.starbucks.com/uploads/2024/02/2023-Starbucks-Global-Impact-Report.pdf
Page 50
STARBUCKS FARMER
SUPPORT CENTER IN
BRASTAGI
   Support the establishment
   of Farmer Support Center
            in Brastagi.
     Helping local farmers
          to implement
    sustainable agriculture
 practices, which increase the
  quality of their coffee beans
         and livelihoods.
                                  50
Page 51
EMPLOYMENT   Creating jobs and income for over 7,000
              employees, as at end of March 2025.




                                                       51
Page 52
EQUALITY      Our employees consisted
           of 43% Female and 57% Male,
             as at 31st December 2024.




                                         52
Page 53
EQUALITY    Opening of the first Starbucks
           "Signing Store" dedicated to the
            hearing-impaired community.




                                              53
Page 54
BOOK DONATIONS BY KRISPY KREME & STARBUCKS
                           Krispy Kreme’s “Buku untuk Sahabat” project
                           and Starbucks’ participation in “Book for the
                          Future” collectively donated over 10,000 books.




“ InISCO
     collaboration with
          Foundation,
     Sahabat Anak
    Foundation, and
     Taman Bacaan
      Masyarakat      “
   “Lentera Pustaka”.                                                       54
Page 55
CARE FOR ENVIRONMENT
   COLD STONE beach clean-up
       at Kuta Beach, Bali.​




                               55
Page 56
TURNING TOTE BAGS INTO ALTERNATIVE FUEL

                           • Invites customers to
                             trade unused tote
                             bags for Pizza
                             Marzano vouchers

                           • Bags are upcycled
                             into alternative fuel
                             by JangJo




                                                     56
Page 57
VOLUNTARY WORKS    The Company encourage our
WITH HABITAT FOR       employee to actively
                     participates in our NGO
HUMANITY                partner activities.




                                               57
Page 58
HUMANITARIAN AID FOR GAZA
• 17th May 2024:
During Starbucks’ 22nd anniversary, The
Starbucks Foundation and Starbucks Indonesia
announce a joint donation of IDR 5 billion in
humanitarian aid for Gaza.
• The aid was provided to the World Central
Kitchen, which will provide >100 thousand meals
in Gaza.




                                                  58
Page 59
THANK
 YOU

        59

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