Source file signed link, expires in 15 minutes
Extracted text 99
Page 1
PUBLIC
EXPOSE
V.P. SHARMA
Vice President Director
June, 30th 2025
1
Page 2
CONTENTS
• Overview of MAP Group
• Financials
• Macroeconomic Conditions
• Group Strategy 2025 & Beyond
• 2024 / 2025 New Stores
• 2024 / 2025 Achievements
• Sustainability
2
Page 3
OVERVIEW OF GROUP (Q1’25)
3,791 150 + Over
Retail Stores
+ 51 online stores World Class Brands
80
Cities *
+ Presence in 3rd party online stores
7 Countries
• Indonesia
• Vietnam
• Philippines
• Singapore
31,766
• Thailand • Malaysia Employees
• Cambodia
* Indonesia only
3
Page 4
TRANSFORMATION OF *
3,791
3,059
MAP has come a long way
2,345
since our incorporation
1,931
821
621
416
From few stores
123 to regional retail powerhouse!
No. of
Stores
1990 1998 2002 2006 2010 2014 2018 2022 MAR
2025
4
Page 5
Page 6
OUR
BRANDS
6
Page 7
DEPARTMENT STORES
(& SUPERMARKETS)
7
Page 8
88
Page 9
ACTIVE: LEISURE
9
Page 10
ACTIVE: KIDS
*
* * * *
* * *
* * * *
*
*
* * * *
* Non-exclusive brands
10
Page 11
FASHION
*
* Joint Venture Company
11
Page 12
BEAUTY
Page 13
DIGITAL
*
* Non-exclusive brands
13
Page 14
FOOD & BEVERAGES
14
Page 15
OTHERS
out of asia
15
Page 16
RETAIL FOOTPRINT
TOTAL STORES Q1’25 SPACE (SQM)
• Consolidated 3,791 1,203,698
• Department Stores 62 327,960
• Specialty Stores 2,880 653,923
- Active 2,099 450,560
- Fashion, Beauty & Health 595 184,920
- Digital 186 18,443
• F&B 843 213,640
• Others 5 8,175
16
Page 17
FINANCIALS
2024/25
17
Page 18
CONSOLIDATED INCOME STATEMENT (2023 - Q1 2025)
Consolidated Unaudited Audited
% Growth % Growth
(IDR Billion) Q1 2025 Q1 2024 2024 2023
Net Sales 9,300 8,788 37,836 33,319
% growth 5.8% 13.6% 23.7%
Gross Profit 4,085 3,748 9.0% 16,140 15,094 6.9%
% margin 43.9% 42.6% 42.7% 45.3%
EBIT 769 713 7.8% 3,450 3,596 -4.1%
% margin 8.3% 8.1% 9.1% 10.8%
EBITDA 1,547 1,462 5.8% 6,447 6,212 3.8%
% margin 16.6% 16.6% 17.0% 18.6%
Net Income* 567 501 13.1% 2,147 2,345 -8.4%
% margin 6.1% 5.7% 5.7% 7.0%
Net Profit After Minority
472 414 14.0% 1,768 1,894 -6.7%
Interest
% margin 5.1% 4.7% 4.7% 5.7%
After implementation of PSAK 73 *Net income before minority 18
Page 19
NET SALES
Q1 2025
CAGR 2020 - 2024 : 26.3% ONLINE SALES 8.6%
CONTRIBUTION
37,836
33,319
26,937
18,424
14,847
8,788 9,300
2020 A 2021 A 2022 A 2023 A 2024 A Q1 2024 UA Q1 2025 UA
Presented in billion Rupiah
19
Page 20
Presented in billion Rupiah After implementation of PSAK 73 20
Page 21
BALANCE SHEET
Balance Sheet UA Audited
(IDR Billion) Q1 2025 2024 2023
Assets
Cash And Cash Equivalent 3,536 4,040 3,675
Account Receivables 1,129 1,086 1,145
Inventories 9,804 8,290 8,088
Property, Plant And Equipment - Net 6,407 6,194 5,291
Right Of Use - Net 5,433 5,556 5,322
Other Assets 4,976 4,359 3,996
Total Assets 31,284 29,525 27,517
Liabilities And Equity
Bank Loan 3,154 2,329 2,885
Bond Payable 430 430 430
Account Payable 4,567 4,373 4,095
Lease Liabilities 4,903 5,066 5,007
Others Liabilities 3,006 2,876 2,688
Total Liabilities 16,060 15,074 15,105
Minority Interest 2,877 2,749 2,414
Equity Attributable to the Owner of the Company 12,347 11,702 9,998
Total Equity 15,224 14,451 12,412
After implementation of PSAK 73 21
Page 22
INDONESIA MACROECONOMIC INDICATORS
We monitor macroeconomic developments closely
to protect against major adverse conditions
Indonesia GDP growth (%YoY)
Quarter Q1 Q2 Q3 Q4 (%) INFLATION
2017 5.0 5.0 5.1 5.2 7,0
2018 5.1 5.3 5.2 5.2 6,0
2019 5.1 5.1 5.0 5.0 5,0
2020 3.0 -5.3 -3.5 -2.2 4,0
2021 -0.7 7.1 3.5 5.0 3,0
2022 5.0 5.4 5.7 5.0 2,0 1,6
2023 5.0 5.2 4.9 5.0 1,0
2024 5.1 5.1 5.0 5.0 0,0
Jan-23
Jan-24
Jan-25
May-23
May-24
Jul-24
May-25
Nov-22
Mar-23
Nov-23
Mar-24
Nov-24
Mar-25
Sep-22
Jul-23
Sep-23
Sep-24
2025 4.9 -1,0
Source: https://www.bps.go.id/
GDP Growth Projection 2025: 4.7% (source: IMF) Source: https://www.bi.go.id/
22
Page 23
UNCERTAINTIES AHEAD?
Reciprocal Tariffs + Geopolitical Conflicts
23
Page 24
SHARE PRICE GROWTH
• IPO IN 2004: IDR 63/SHARE
1,790
• 2025 YTD: IDR 1,265/SHARE
• CAGR: 18.3% 1,350
1,285 1,300
1,265
1,055
710
620
550
515
380
63 88 70 62
11 Nov 2004 Dec 2005 Dec 2007 Dec 2009 Dec 2011 Dec 2013 Dec 2015 Dec 2017 Dec 2019 Dec 2021 Dec 2023 Jan
Jan 2025 MarMar May2025
2025 May Jun
24
2025
Page 25
Seizing opportunities during each crisis
to strengthen MAP!
• Navigated Asian Financial Crisis (1998)
• Rebounded from Global Financial Crisis (2008)
• Emerged Stronger after Covid-19 Pandemic (2020 – 2021)
HOW MAP IS BUILT FOR RESILIENCE
• Prudent Expansion • Enhanced Efficiencies
• Brand Acquisitions • Inventory Management
• Digitalization & Automation • End-to-End Process Improvements
• E-Commerce Acceleration
25
Page 26
GROUP STRATEGY
for 2025 & Beyond
26
Page 27
OUR STRATEGIES
1 Prudent Expansion
2 Enhance Efficiencies
3 Focus on Customer Experience
27
Page 28
1. Prudent Expansion with Discipline and Foresight
• Unified brand leadership across ASEAN
• Tailored local strategies
• Scalable, cross-border agility
• Led by experienced management
Zara, Indonesia
Aldo, Singapore Dr. Martens, Thailand Hoka, Philippines New Balance, Vietnam Crocs, Cambodia Foot Locker, Malaysia
28
Page 29
2. Enhance Efficiencies
Improve Processes
Trim Expenses
Brand & Store Rationalization
Optimizing Headcount
Refining Inventory Management
29
Page 30
3. Focus On Customer Experience
MAPCLUB - One power App for branded shopping
‘Data as Asset’ Strategy
Offline Online ALL BRANDS
ALL SALES CHANNELS
ALL RETAIL CATEGORIES
eMONEY & INCENTIVES
Market Place Whatsapp
Members, as of May 2025: >12 million
30
Page 31
Focus On Customer Experience (Cont.)
LONG-TERM GROWTH PARTNER
FOR GLOBAL BRANDS
30+ Years of Existing Collaboration with
Trusted Partnership Best-in-Class Global Brands
NEWLY ACQUIRED BRANDS
*Vietnam only
Page 32
2024/2025
NEW STORES
32
Page 33
SENAYAN CITY
33
Page 34
PLAZA SENAYAN
34
Page 35
PLAZA INDONESIA
35
Page 36
PLAZA INDONESIA
36
Page 37
PACIFIC PLACE
37
Page 38
PLAZA SENAYAN
38
Page 39
PONDOK INDAH MALL
39
Page 40
GALERIES LAFAYETTE SIS
40
Page 41
PACIFIC PLACE
41
Page 42
GRAND INDONESIA
42
Page 43
GRAND INDONESIA
43
Page 44
KOTA KASABLANKA
44
Page 45
TP5 SURABAYA
45
Page 46
PAKUWON MALL BEKASI
46
Page 47
MALL BALI GALERIA
47
Page 48
EPICENTRUM LOMBOK
48
Page 49
LOTTE AVENUE CIPUTRA
WORLD
49
Page 50
TP5 SURABAYA
50
Page 51
SANUR ICON BALI
51
Page 52
GRAND INDONESIA
52
Page 53
PAKUWON MALL YOGYA
53
Page 54
TP4 SURABAYA
54
Page 55
GANDARIA CITY
55
Page 56
SENAYAN CITY
LARGEST LEGO CERTIFIED STORE IN ASEAN
56
Page 57
SUPERMALL KARAWACI
57
Page 58
GANDARIA CITY
58
Page 59
GANDARIA CITY
59
Page 60
LOTTE MALL HANOI, VIETNAM
60
Page 61
ONE BANGKOK, THAILAND
61
Page 62
ONE BANGKOK, THAILAND
62
Page 63
CENTRAL WORLD, THAILAND
63
Page 64
JURONG EAST, SINGAPORE
64
Page 65
JURONG EAST, SINGAPORE
65
Page 66
AMAN CENTRAL KEDAH, MALAYSIA
66
Page 67
AEON MALL NILAI, MALAYSIA
67
Page 68
2024/2025
ACHIEVEMENTS
68
Page 69
“HIGH MARKET
”
CAPITALIZATION
- TEMPO-IDN Financials -
2024
69
Page 70
“ INDONESIA’S BIGGEST
COMPANIES
”
(TOP 100)
- Fortune Indonesia -
2024
70
Page 71
“BEST CONSUMER
CYCLICALS SECTOR
”
(MAIN BOARD CATEGORY)
- CSA Award -
2024
71
Page 72
“ MOST
POPULAR BRAND
”
OF THE YEAR
- Jawa Pos -
2025
72
Page 73
Participation in
Fund Raising
“ AYO MELAWAN
”
STUNTING
- PMI Awards -
(Palang Merah Indonesia)
2023 & 2024
73
Page 74
“BEST EMPLOYER
“ BEST SOFT SKILLS
” ”
BRANDING (SILVER) (Gold)
- HR Experiences Awards - - HR Experiences Awards -
2025 2025
74
Page 75
“ BEST
”
HUMAN CAPITAL
- WARTA EKONOMI -
2025
75
Page 76
“ BEST COMPANIES TO WORK FOR
IN ASIA - 3 CONSECUTIVE YEARS
”
(2023, 2024 & 2025)
- HR Asia -
76
Page 77
SUSTAINABILITY
77
Page 78
MSCI ESG RATINGS
As per 9th May 2025
COMPARISON WITH GLOBAL PEERS (RETAIL)
PT MITRA ADIPERKASA TBK
Retail - Consumer Discretionary | ID
Industria de Diseno Textil, S.A. AA
WEIGHT SCORE
The Home Depot, Inc. AA Environment 20% 3.6
Lowe’s Companies, Inc. AA Product Carbon Footprint 10% 3.6
PT Mitra Adiperkasa Tbk A Raw Material Sourcing 10% 3.6
Amazon.com, Inc. Social 45% 6.3
BBB
Labor Management 20% 3.4
Alibaba Group Holding Ltd. BBB
Privacy & Data Security 25% 8.6
Central Retail Corporation PCL BBB Governance 35% 5.8
PT Matahari Department Store Tbk BBB Weighted-Average Key Issue (WAKI) Score 5.6
Industry Adjusted Score 6.9
Lotte Shopping Co., Ltd BB
*THE USE BY PT MITRA ADIPERKASA TBK OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES
HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF PT MITRA ADIPERKASA BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF
MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.
78
Page 79
PEOPLE – GENDER EQUALITY
Gender Composition per Dec 2024
All Employees
48% 52%
Employs more than 31,000 people
and provides Equal Opportunity in all Levels
Female Male
79
Page 80
EQUAL OPPORTUNITIES
Starbucks Signing Store – Hearing-impaired employees Mango Senayan City – Hearing-impaired employees
80
Page 81
MAP RETAIL ACADEMY
Raising Retail Education Standards
The Company provides many training opportunities to help
our employees grow their skills and careers
81
Page 82
People-Focused Culture
• Employee development through continuous training and upskilling programs
• Emphasis on empowerment, accountability, and career growth
• Strong internal culture of collaboration and innovation
• Recognition programs to boost morale and retention
82
Page 83
QUALITY TRAINING FOR THE COMMUNITIES
The Company believes that knowledge is to be shared - MAP Retail Academy
provides training to external parties to strengthen Indonesian Retail Industry
Visit from Airlangga University
Studium Generale
Institut Teknologi Bandung
Business Study Mission Visit from Singapore Visit from Nanyang
Institut Teknologi Bandung Management University Business School
83
Page 84
PARTNERSHIP
Community Development : MAP Retail Academy Signed MoU with Ministry
of Social Affairs Republic Indonesia
Accelerating Education: MAP Retail
Academy Signs MoU with Renowned
Universities
Bridging Education and Industry: MAP Retail Academy Signs MoU with the
Ministry of Higher Education, Research, and Technology
84
Page 85
SCHOLARSHIP
• Started in 2023
• Scholarship for Employee’s Children.
• Aim to impact the lives of our employees’
children
• By providing them the opportunity to
pursue a high-quality education.
• To date full scholarship awarded to
11 employees' children.
85
Page 86
RUMAH BELAJAR ANAK BINTANG - RAJAB
• Initiated in 2014, in cooperation with
Karang Taruna Jawa Barat (West Java
Youth Organization)
• RAJAB is a character building education
program for underprivileged children
• Currently RAJAB operates in 7 villages
across West Java
86
Page 87
RAJAB WASTE REDUCTION
Through Rumah Belajar Anak Bintang (RAJAB), our community development program,
we also encourage sustainable lifestyle from the early age
ECOBRICS
The reinforced plastic bottles/ecobricks are
Used mineral bottles are hardened by compacting hard then tied together
to recycle plastic packaging (sachet, candy wraps, etc)
inside the bottle
Small stool chair is
made from 23 used
plastic bottle and
Tied ecobricks approx. 5.75kg
are then covered plastic waste
with fabrics
87
Page 88
RAJAB WASTE REDUCTION
PLANTING THE EARTH SOIL BIOPORE CREATION
We teach the next generation that planting is fun and important Besides teaching the students about composting, this
activity will also stimulate soil organism to create biopores,
which increase soil ability to absorb water
PLANT VASES FROM USED FABRICS
REUSE/RECYCLING OF USED PAPER
RAJAB Panyocokan
RAJAB Sukawening
88
Page 89
WASTE REDUCTION
No Single-use Plastic Shopping Bags Take Back Program
Greener Nusantara Program Waste Management Program
- Plastic reduction in F&B Stores - Working with local start-ups to recycle our waste
89
Page 90
BEACH CLEAN UP
90
Page 91
COACHING CLINICS
MAP conducts Coaching Clinics to encourage kids to pursue
a healthy and active lifestyle
Running Coaching Clinic Swimming Coaching Clinic
Badminton Coaching Clinic Basketball Coaching Clinic
91
Page 92
DONATION AND VOLUNTARY PROGRAMS
MAP conducts various donations and voluntary programs
to support communities
Kidz Station Anniversary Celebration: Planet Sports Donation: Donated groceries, Red Cross Partnership:
With Sekolah Masjid Terminal, a free school bags, and stationery to Panti Asuhan Blood donation drive with PMI,
school for underprivileged children Izmi during Ramadan organized by SOGO
92
Page 93
STARBUCKS “GREENER” STORE - FIRST IN INDONESIA
At Adhyaksa Lebak Bulus, Jakarta
93
Page 94
ENERGY AND EMISSION REDUCTION
Utilization of Solar Panel in Starbucks stores
Planting of Mangrove Trees
to rehabilitate the environment & protect
the coastline
Veggie Delight
Plant Based Menu
94
Page 95
CLEAN WATER SUPPLY
Built 18 Water Towers to provide Clean Water Filtration System Donated
access to clean water to Disaster Impacted Areas
95
Page 96
MAP: MANUFACTURING FOR THE WORLD
pt out of asia
Main Factory/Warehouse:
• Location: Bantul (Jogjakarta)
• Employ over 3,000 artisans in 4 islands
(Bali + Java + Lombok + Sumatra)
• Export to over 20 countries worldwide
Some of our clients:
Plus many more!
96
Page 97
SUPPORTING INDONESIAN BRANDS
DEPARTMENT STORES MAP ACTIVE
97
Page 98
PARTNERSHIP WITH LOCAL FARMERS
Donation of Coffee Tree Seeds to Indonesia Sumatera Coffee is Sold in
Starbucks Farmer Support Center Over 80 Countries through Starbucks
98
Page 99
THANK
YOU
113
Names mentioned 11 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Dr. Martens
p.28
unresolved
org
Alibaba Group Holding Ltd.
p.78
unresolved
org
Central Retail Corporation
p.78
unresolved
org
Matahari Department Store Tbk
p.78 ×2
unresolved
org
Lotte Shopping Co., Ltd
p.78
unresolved
org
RESEARCH LLC
p.78
unresolved
org
PT MITRA ADIPERKASA BY MSCI. MSCI SERVICES
p.78
unresolved
org
Ministry of Higher Education
p.84
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.