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Page 1
PAPARAN PUBLIK
TAHUNAN
PT M Cash Integrasi Tbk


“Strengthening Foundations, Connecting Innovations and
Empowering the Future of Technology”



    Selasa, 8 April 2025
Page 2
Disclaimer

•   The information contained in this document is strictly confidential and has been prepared by PT M Cash Integrasi Tbk (“MCAS” or the ”Company”). This document may not be taken
    away, reproduced or redistributed, in whole or in part, to any other person without the prior written consent of the Company.
•   This document is not intended to provide and should not be relied upon for tax, legal or accounting advice, investment recommendations or a credit or other evaluation of an
    investment in the Company. Prospective investors should consult their tax, legal, accounting or other advisers. No representation or warranty, express or implied, is made as to, and
    no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, or opinions contained herein. None of the Company, the selling
    shareholder, the International Selling Agents or their respective advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any
    loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.
•   The third party information and statistical data in this presentation have been obtained from sources the Company believes to be reliable but there can be no assurance as to the
    accuracy or completeness of the included information. This presentation may not contain all material information concerning the Company and the information set forth in these
    materials is subject to change without notice. None of the Company, the selling shareholder or the International Selling Agents is under any obligation to update or keep current the
    information contained herein. The contents of these materials have not been verified by the International Selling Agents. Accordingly, none of the International Selling Agents, or
    their respective directors, officers or affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the information in this presentation,
    and nothing in this presentation is, or should be relied upon as, a promise or representation by any of them.
•   Certain statements in this document may constitute "forward-looking statements", including statements regarding the Company's expectations and projections for future operating
    performance and business prospects. Such forward-looking statements are based on numerous assumptions regarding the Company's present and future business strategies and
    the environment in which the Company will operate in the future. Such forward-looking statements speak only as of the date on which they are made. Accordingly, the Company, the
    selling shareholder and the International Selling Agents expressly disclaim any obligation to update or revise any forward-looking statement contained herein to reflect any change
    in the Company's expectations with regard to new information, future events or other circumstances. The Company does not make any representation, warranty or prediction that
    the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in each case, only one of many possible scenarios and
    should not be viewed as the most likely or standard scenario. Accordingly, prospective purchasers should not place undue reliance on any forward-looking statements.
•   This document is for information and convenient reference and does not constitute or form part of, and should not be construed as, any offer for sale or subscription of or solicitation
    or invitation of any offer to buy or subscribe for any securities of the Company. This presentation and the information contained herein are being furnished to you solely for your
    information and may not be reproduced or redistributed to any other person, in whole or in part. In particular, neither the information contained in this presentation nor any copy
    hereof may be, directly or indirectly, taken or transmitted into or distributed in any other jurisdiction which prohibits the same except in compliance with applicable securities laws.
    Any failure to comply with this restriction may constitute a violation of the applicable securities laws. No money, securities or other consideration is being solicited, and, if sent in
    response to this presentation or the information contained herein, will not be accepted.
•   By reviewing these presentation materials, you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and
    that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.


                                                                                                                                                                                                2
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Agenda
• Sekilas tentang Perseroan

• Kinerja Bisnis Perseroan

• Kinerja Keuangan Perseroan

• Tantangan & Peluang yang dihadapi Perseroan

• Strategi untuk meningkatkan kinerja Perseroan




                                                  3
Page 4
RINGKASAN EKSEKUTIF




                      13
                       4
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                           Snapshot 2024

              ▪ Transisi Pemerintahan baru
              ▪ Pertumbuhan PDB nasional hanya mencapai 5,0% (di bawah ekspektasi)
              ▪ Inflasi turun menjadi 1,57%
    Macro
              ▪ Pelemahan mata uang Rupiah




              ▪ Konsolidasi di industri TMT*
              ▪ Pertumbuhan sektor ritel diperkirakan turun menjadi 4,8% (Aprindo)
              ▪ Rasio kredit macet (NPL) gross UMKM naik menjadi 3,75%
   Sector
              ▪ Kuota subsidi kendaraan listrik habis pada akhir kuartal III




(Milyar Rp)                              2023                      2024                               % YoY

Pendapatan                            11.697,1                   7.143,6                            (38,9%)

GP Margin                                1,7%                      2,5%

EBITDA                                   105,4                      92,4                            (12,3%)

                                                                    *) Telekomunikasi, Media dan Teknologi (TMT)   5
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SEKILAS TENTANG PERSEROAN




                            13
                             6
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    Perusahaan Platform Teknologi Plug & Play


Infrastruktur Digital            Customer Engagement


                                  Periklanan, Retail &
                                  Lifestyle
Distribusi
Digital
•   Produk Digital
                                  SaaS & Layanan IT
•   Produk Fisik


                                  Energi Bersih


                                                         7 7
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                 Merchant Sebagai Poros dari Pembangunan Ekosistem Digital Kami




                                      SaaS &
                                     Layanan IT


        Periklanan
      Digital berbasis                                      Energi
           Cloud                                            Bersih




                                    MERCHANT

  Penjualan                                                      Konten &
Produk Digital                                                    Hiburan




                                                                            BIG DATA

                     Agregator                    Grosir
                   Produk Digital                 Digital



                                                                                       8
Page 9
                              Use Case pada Jaringan Toko Modern




                                                                               Swap Battery
                                                                                 Station
                                            WhatsApp
                                            for Business

Platform Teknologi
Plug-and-Play &
Ekosistemnya                     Purchase
                                 airtime
                                 top-up
                                            Digital Coupons      Digital
                                                              advertising on
                                                               the screens




Penciptaan Sinergi dalam
Rantai Nilai Ekosistem Grup




                                                                                              9
Page 10
                         Use Case pada Jaringan Toko Tradisional

                     Platform Teknologi Plug-and-Play & Ekosistemnya
                                      Penciptaan Sinergi dalam Rantai Nilai Ekosistem Grup




                                                                                               Logistic Drop Point

                                                                            Digital Cloud
   Principles                                                            Advertising Screens


                                                     Top-up prepaid
                                                     E-money cards
                          Invoicing


Wholesale Platform


                                                                                                                     Electric Motorcycle
                          Logistics
WAREHOUSE




                                                                                                                                           10
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KINERJA BISNIS PERSEROAN
        • Kinerja Operasional
        • Pencapaian Penting




                                11
                                13
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                                    Kinerja Operasional




                   FY23                                                      FY24




393 ribu                  16 ribu                         421 ribu                  22 ribu
Titik Distribusi          Populasi Motor                  Titik Distribusi          Populasi Motor
                          Listrik Volta                                             Listrik Volta




27,6 ribu                 209 juta                         28,2 ribu                 295 juta
Layar Iklan               SaaS Notification                Layar Iklan               SaaS Notification
                          Traffic                                                    Traffic




                                                                                                         12
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                                                           Penghargaan




                                                                                                                            13




  MCASH mendapat penghargaan sebagai           Tencent Cloud International memberikan penghargaan        DMMX, entitas anak, raih penghargaan dari Samsung
salah satu Perusahaan Teknologi Terbesar di       ‘Innovation Excellence Partners Award 2024’ bagi       “Best Partner for Retail Implementation Smart Digital
    Indonesia dalam daftar Fortune 100.        MCASH dan berkolaborasi dalam menghadirkan solusi                            Signage 2023”.
                                              teknologi AI yang bertujuan untuk meningkatkan efisiensi
                                                            dan inovasi di berbagai sektor.




                                                                                                                                                                 13
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     Kolaborasi dan Sinergi




19




                              14
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Kolaborasi dan Sinergi




                         15
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Peluncuran dan Partisipasi Acara




                                   16
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Peluncuran dan Partisipasi Acara




                                   17
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KINERJA KEUANGAN PERUSAHAAN
          • Laba Rugi
          • Posisi Keuangan




                              18
                              13
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Laba Rugi

(dalam miliar rupiah)                         2023      2024    Change %
Revenues                                   11.697,1   7.143,6      (38,9)
Gross Profit                                 201,8     180,9       (10,4)
EBITDA                                       105,4      92,4       (12,3)
Operating Income                              27,9      (7,9)     (128,3)
       Gain (Loss) on Investments             (4,6)     (0,7)      (85,1)
       Financial Income                         9,5       8,0      (15,8)
       Financial Charges                     (18,0)    (19,7)       N.M.
       Gain (Loss) on Forex                   (0,0)     (6,0)    36891,0
       Income from Associates                 (2,3)     (2,4)       N.M.

       Others                                 (1,2)     (5,6)      366,7

Profit before Tax                             11,2     (34,5)       N.M.

Net Income (Loss)*                              0,5     (0,0)       N.M.



*) attributable to owners of the Company
                                                                            19
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Posisi Keuangan
Aset



(dalam miliar rupiah)                                       2023      2024    Chg %
 Cash and Near Cash*                                       286,6     224,0    (21,8)
 Trade Receivables                                         159,3     197,4     23,9
 Inventories                                               383,8     349,6     (8,9)
 Advances And Prepaid Expenses                             223,9     293,3     31,0
 Other Current Assets                                      222,6     176,2    (20,9)
 Total Current Assets                                     1.276,2   1.240,5    (2,8)
 LT Investments                                            238,1     224,1     (5,9)
 Fixed and Intangible Assets - Net                         414,5     356,7    (13,9)
 Other Non Current Assets                                   61,2      70,3     14,9
 Total Non Current Assets                                  713,7     651,1     (8,8)
 Total Assets                                             1.990,0   1.891,6    (4,9)


*) includes cash, banks, deposits and other investments                                20
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Posisi Keuangan
Liabilitas dan Ekuitas

  (dalam milyar rupiah)                     2023      2024    Chg %
  Short-term Bank Loans                    105,9       86,3   (18,5)
  Trade Payables                           247,1      206,6   (16,4)
  Deposits From Customers                    70,9      78,5     10,7
  CPLTD - Bank Loans                         16,8       8,3   (50,7)
  CPLTD – Lease & Financing Payables          0,9       0,4   (54,4)
  Other Current Liabilities                219,8      169,1   (23,1)
  Current Liabilities                      661,5      549,2   (17,0)
  Long Term Bank Loans                       11,2       2,9   (74,2)
  Long Term Lease & Financing Payables        0,4       0,4    N.M.
  Convertible Note                         136,9      198,1     44,7
  Other Non Current Liabilities              10,0      12,0     19,9
  Total Non Current Liabilities            158,6      213,4     34,6
  Total Liabilities                        820,0      762,6    (7,0)
  Controlling Parties                      187,3      186,2    (0,6)
  Non Controlling Parties                  982,7      942,8    (4,1)
  Total Equity                           1.169,9    1.129,0    (3,5)



                                                                       21
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TANTANGAN
DAN PELUANG




              22
              13
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                        Tantangan & Peluang Yang Dihadapi Perusahaan



                  Tantangan                                                       Peluang

• Instabilitas ekonomi global dapat                  • Laporan Goldman Sachs terbaru memproyeksikan Indonesia menjadi
  memperlambat pemulihan ekonomi nasional              negara dengan ekonomi terbesar ke-4 di dunia pada 2050
                                                     • Pemerintahan baru meluncurkan berbagai program pro pertumbuhan
• Pelemahan daya beli masyarakat                       yang agresif guna mencapai target pertumbuhan ekonomi sebesar
  mempengaruhi pertumbuhan sektor ritel dan            8,0%
  UKMKM nasional                                     • Proses konsolidasi di industri TMT mendekati titik infleksi, diharapkan
                                                       ekuilibrium persaingan baru yang lebih sehat dan berimbang akan
                                                       terwujud. Potensi pertumbuhan pendapatan industri ini diperkirakan
• Kemajuan teknologi, khususnya di bidang
                                                       dapat mencapai 6-7% per tahun.
  kecerdasan buatan (AI), akan mendisrupsi
  berbagai rantai nilai dalam proses bisnis, serta   • Permintaan dunia usaha akan solusi otomatisasi dan efisiensi lewat
  membuat iklim persaingan menjadi semakin             pemanfaatan teknologi digital semakin meningkat
  cepat dan dinamis.                                 • Indonesia menduduki peringkat ke-3 sebagai negara dengan populasi
                                                       sepeda motor terbanyak di dunia, dengan sekitar 85% rumah tangga
• Berbagai bisnis “Ekonomi Baru” masih                 memiliki sepeda motor.
  membutuhkan dukungan Pemerintah                    • Presiden Prabowo menargetkan Nol Emisi pada 2050, 10 tahun lebih
                                                       cepat dari pemerintahan sebelumnya

                                                                                                                             23
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STRATEGI UNTUK MENINGKATKAN
     KINERJA PERSEROAN
         • Roadmap Strategi
         • Outlook Bisnis 2024




                                 24
                                 13
Page 25
                               Roadmap Perusahaan




 0.0               1.0                   2.0                 3.0                    4.0


Telco sebagai   Membangun             Transformasi      Menghubungkan       Pertumbuhan
Embrio          Jaringan Distribusi   melalui Inovasi   Berbagai Komponen   & Profitabilitas
                yang Kuat                               dalam Ekosistem     secara Masif
                                                        (Sinergi)




                                                                                               25
Page 26
                           Prospek Bisnis & Strategi Pertumbuhan 2025




                                                        • Menciptakan sinergi baru untuk meningkatkan
                                                          koneksi yang telah terjalin dengan Grup

                                                        • Memperluas portofolio produk dan layanan
                                                          Perusahaan untuk menjangkau klien dan pelanggan
Matriks Operasional         2024A       2025F             baru;

Titik Distribusi Digital    420k         433k           • Melakukan portfolio rebalancing dalam bisnis, dengan
Layar Iklan Digital          28k         32k              fokus khusus pada bisnis inti yang kuat, memberikan
                                                          dampak multiplikasi yang besar, dan berdampak
Populasi Motor Volta         22k         33k              langsung pada laba;

                                                        • Berkolaborasi dengan prinsipal teknologi terkemuka
                                                          untuk memperluas bisnis solusi IT secara agresif,
                                                          dengan special focus di bidang AI;

                                                        • Meningkatkan inisiatif penghematan biaya



                                                                                                                 26
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                                  Driver Pertumbuhan Utama dan Strategi



            Advertising,
                                                        Energi Bersih                         SaaS & Layanan IT
        Retail & Lifestyle


• Penguatan inovasi di bidang           • Aktif meluncurkan model-model motor      • Penguatan inovasi dan tawaran
  teknologi analitik dan AI               baru untuk mengisi berbagai ceruk          produk, terutama di bidang AI
  (Smart Retail Solutions)                pasar
                                        • Meningkatkan persebaran dan kualitas     • Penguatan kerjasama dan sinergi
• Ekspansi deployment produk              layanan baterei di stasiun SGB,            dengan berbagai pemain
  Large Format Videotron di             • Melakukan kemitraan strategis dengan       teknologi besar dunia untuk
  berbagai area publik                    berbagai principle ternama, baik di        pengembangan inisiatif teknologi
                                          supply chain motor maupun baterei          perusahaan
• Ekspansi ke segmen entry-             • Penetrasi pasar agresif ke segmen B2B
  level retailer dan non-retail           untuk mengurangi ketergantungan          • Menciptakan usecase yang kuat
  (perkantoran, consumer                  terhadap program subsidi Pemerintah        (otomatisasi & efisiensi), serta
  industry, hospitality, dll)           • Perluasan jaringan di luar Jabodetabek     menawarkan solusi yang mudah
                                        • Memperluas sayap ke bisnis OEM             diterapkan (plug-and-play) bagi
                                        • Meningkatkan kemudahan akses               para mitra
                                          kepemilikan motor listrik lewat
                                          program Semolis                                                               27
Page 28
                                                       SaaS & Layanan IT




Principles
                                                                   Tech Enabler
                                                                                                                                       Various
                                Kerjasama dan                                                         Kolaborasi dan
                                       Sinergi                                                        penguatan usecase              Industries

                                                  Crafting tailored solutions for businesses




                                                           Enterprise      Industry       Green       Middleware &
                                    AI           IoT
                                                           Application    Application     Mobility   Communication




Tencent Cloud International memberikan              Telkomsel berkolaborasi dengan Tencent                      Telkomsel, Tencent dan MCASH
  penghargaan ‘Innovation Excellence              Cloud dan MCASH, mengeksplorasi teknologi                       mengembangkan teknologi
   Partners Award 2024’ bagi MCASH                  pemindaian dan verifikasi telapak tangan                          komunikasi dan AI           28
Page 29
                                                  Digital Cloud Advertising



Large Format LED Videotron                                          Consumer Profiling
Media tampilan digital berukuran besar yang menggunakan teknologi   Sistem pengenalan profil pengunjung otomatis yang mengumpulkan
LED (Light Emitting Diode) untuk menampilkan gambar, video, dan     data demografis pengunjung seperti usia, jenis kelamin, hingga
animasi secara dinamis dan terang, bahkan di bawah sinar matahari   detail pakaian yang mereka kenakan.
langsung.




  LRT STATION
  TRAVOY HUB




                                                                                                                                     29
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                                                       Energi Bersih


Inovasi Produk dan Varian Motor Listrik
Peluncuran berbagai tipe dan varian terbaru motor listrik Volta yang menghadirkan teknologi dan desain terkini




            Cyrus                          Eagle                          Volta eX                   Mandala X & Patriot X

                                                                                                                             30
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                                                       Energi Bersih


Inovasi Program Kepemilikan Motor Listrik
Peluncuran varian terbaru motor listrik yang tidak hanya menghadirkan teknologi dan desain terkini, tetapi juga disertai dengan
berbagai skema kepemilikan yang fleksibel dan terjangkau.




               Potongan harga & Paket Khusus              Program Sewa Baterai                  Sewa Motor Listrik

                                                                                                                                  31
Page 32
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