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PUBLIC EXPOSE 2025 PT WIR ASIA TBK HIGHLY CONFIDENTIAL | Do not share this document without written permission of PT WIR ASIA Tbk
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DISCLAIMER The following information contains statements about future events and expectations that are forward-looking statement by the management of PT WIR Asia Tbk (“WIR Group) (“Company”), relating to financial trends for future periods, compared to the results for previous periods, characterized by the use of words and phrases such as “might”, “forecast”, “anticipated”, “projected”, “may”, “believe”, “predict”, “expect”, “continue”, “will”, “estimate”, “target”, and other similar expressions. Forward looking information is based on management’s current views and assumptions including, but not limited to, prevailing economic and market conditions. Our business operates in an ever-changing macro environment. As such, any statement in this information that is not a statement of historical fact is forward-looking statement that involves known and unknown risks, uncertainties, and other factors which may cause WIR Group’s actual results, performance and achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This information does not constitute an offer or invitation to sell, or any solicitation of any offer to subscribe for or purchase any securities and nothing contained herein shall from the basis of any contract or commitment whatsoever no reliance may be placed for any purposes whatsoever on the information contained in the information or on its completeness, accuracy or fairness. None of the Company nor any of its shareholders, directors, officers or employees not any other person accepts any liability whatsoever for any loss howsoever arising from any use of this information or its contents or otherwise arising in connection therewith.
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WIR GROUP OVERVIEW
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2009 1000+ Indonesia
Establishment Projects Focus
23+
Countries where Global Award
projects delivered Winning Company
WIR Group is a technology company
specializing in AR, VR, AI, quick commerce
APIs, blockchain, and Web3 gaming, 2022 5 Patents Registered under PCT
creating innovative digital experiences for Listed at IDX 10+ Patents Pending
businesses and consumers.
344 total employees as of December 2024
HIGHLY CONFIDENTIAL | Do not share this document without written permission of PT WIR ASIA Tbk
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Vision:
To be the leading global ecosystem of interconnected digital
experiences, seamlessly integrating the physical and virtual
worlds through innovative technologies, ultimately shaping
the future of human interaction and engagement.
HIGHLY CONFIDENTIAL | Do not share this document without written permission of PT WIR ASIA Tbk
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mission:
To empower businesses and individuals through cutting-edge AR, VR, AI,
blockchain, and Web3 technologies, delivering transformative digital
experiences that enhance how we live, work, and play.
HIGHLY CONFIDENTIAL | Do not share this document without written permission of PT WIR ASIA Tbk
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About the Company
General Overview Milestones
2009 WIR Group was established to provide AR, VR, and AI solutions
Company Name PT WIR Asia Tbk (“WIRG.IDX”)
Listed as Innovation 40 companies by a UK media awarded at the London Stock
Offering immersive technology and web 3.0 based solutions 2014
Exchange Studios
Main business featuring AR/VR/AI technology through Bespoke Solution and Digital
Platform Solution. 2015- Winner of Auggie Awards as part of Augmented World Expo in Silicon Valley, USA
2016
Establishment date 2009
2018 Launching of Alfamind in partnership with Alfamart
No. of Employees 344 as of 31 December 2024 2019 Launching of MINAR
2020 Winner of German Design Award
5 Patents have been Registered under PCT and more than 10+
Paten
Patents are Pending 2021 Featured in Forbes.com Georgia as one of Metaverse Companies to Watch 2022
IPO Date 4 April 2022 WIR Group Initial Public Offering (IDX: WIRG); Establishment of JV company with
2022 Salim Group for Metaverse Platform
Ownership Structure Key Performances 2023 Awarded The Best Transformation & Digital Innovation 2023 by Digitech Awards
(February 2025) Revenue (In IDR Bn) Awarded Indonesia Best Digital Innovation 2024 & The Best Investortrust
2024
Companies 2024 Category of Best Asset Turn Over
Main Businesses
AR/VR/AI Solution Provider
Bespoke
Solution Branding and Web 3.0 Consultant
EBITDA (In IDR Bn) Interactive IoT Device Platform
&
3D Virtual Stores Network Platform
Digital
Platform Geo-location AR Based App (Lifestyle App)
Solution
Metaverse Platform
CAGR
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Group Company Structure
PT Are Teknologi PT Vatar Media PT Tiga Akar
Kreasi Raya Mimpi
PT Mata Nilai
Republik
PT Metaverse
Indonesia Makmur
8
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Awards
Indonesia Best Digital 'The Best Investortrust Companies Representing Indonesia Digitech Award The 8th Public Relations Best Corporate Secretary
Innovation 2024 2024' event for the category of WEF DAVOS 2023 Indonesia Awards 2023 Award 2023
Best Asset Turn Over, 2024 2019-2023
Best Data & AI Technology by Frontier Award Alibaba WIR Solutions won an award Indonesia Technology Excellence Indonesia Top Digital PR Awarded Best Public Company
DataGov AI Summit & Award Cloud’s Asiastar 10 x 10 hosted by the Asian Business Awards for AR and VR Technology Award September 2022 by Warta Ekonomi with
November 2022 November 2022 Review October 2022 October 2022 Prominent Trading Frequency
August 2022
Best IPO at the Investor Coverage by Forbes Germany Design
Silicon Valley, USA Silicon Valley, USA Listed at Innovation 40 Companies
Awards 2022 by Investor 2021 Award winner
2016 2015 by The New Economy awarded at
Magazine 2020
the London Stock Exchange Studios
& Berita Satu Holdings 2014
July 2022
HIGHLY CONFIDENTIAL | Do not share this document without written permission of PT WIR ASIA Tbk
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10
2024 Awards
December 2024 May 2024
Award for The The Company
Indonesia Best was awarded in
Digital Innovation the category of
2024 Best Asset Turn
Over at The Best
Investortrust
Companies 2024
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SOLUTIONS & SERVICES
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Ekosistem Solusi
Augmented Reality (AR)
Pioneering
Immersive Bespoke
Technology & Platform Solutions Gaming & Web3 Platforms
Solutions
Web3 Solutions Customized solutions of immersive and web 3.0 Platform based digital solutions featuring Platform based digital solutions featuring
featuring technologies implementation through bespoke immersive technologies that enable business immersive gamification and web 3.0
AR-VR-AI to a software and application outcome-based to utilize virtual stores platform, kiosks as technologies such as metaverse ecosystem
variety of projects across industries for more interactive virtual storefronts through various revenue and blockchain based services
business needs and engaging users experience. sharing scheme based on utilizations.
through B2B &
AR&Co DMID Mindstores DAV MinarAce Nusameta
B2B2C model
Virtual Reality (VR)
B2B
Develops AR / VR- Brand consultancy Immersive virtual Interactive IoT Geo–location mobile Indonesia Metaverse
enabled software for immersive tech store solutions and device powered by gaming application, Ecosystem - One of
to enhance and Web 3.0 one-stop digital AR and AI implemented with
B2B2C product implementation payments solutions technologies AR & GPS features
the local pioneers in
the business
experiences
B2C
Web 3.0 and Metaverse
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Revenue Segment Overview
Services Offered Bespoke Solutions Digital Platform Solutions
- 3D Virtual Store platform
- AR/VR/AI powered software development
- IoT Device platform
- Branding strategy and web 3.0 implementation consultancy
Descriptions - Platform adjustments and customization.
- Geolocation with Augmented Reality based App
- Metaverse platform
- AR/VR based theme park and entertainment enabler
- Blockchain Application
1. Transactions and Commission on transactions done through the
1. Software development platform
Revenue Streams 2. Brand and IT Consultancy 2. Fees for Promotion and advertising done within the platform
3. Virtual goods and services offered within the platform*
25,9% 62,1%
Revenue Trends
(in IDR billion)
*Upcoming products and services
CAGR
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Business Updates
The following are some of the updates of the Company and its subsidiaries throughout 2024
AR&Co developed AIRA Nusameta & Santa Angela AR&Co web-based AI Photo
AR&Co, developed AIRA Nusameta is collaborating with AR&Co web-based AI photo apps to
(Artificial Intelligence Santa Angela School Bandung to allows users to create selfies with
Relationship Avatar) for Nano build (Angelaverse). To support the Presidential and
Bank Syariah. AIRA Helps the teaching and learning vice-presidential (Prabowo –
customers fnd and search for process at primary & secondary Gibran). This campaign was
products and provides a new education levels in Indonesia. considered successful in gaining 2.5
experience for customers. Million interactions in 40 days.
Immersive Space Creation Competition Mindstores “Hijrah Groceries” Nusa Borobudur & Binus University
Nusameta held a Nusa Mindstores collaborates with Nusameta collaborates with Binus
Studio workshop at Bunda Bank Muamalat launched a University to present Nusa
Mulia University, this Quick Commerce Borobudur as an inclusive Metaverse
competition aims to explore (Q-Commerce) servies “Hijrah Platform in Indonesia. In this
creativity in creating Groceries”. This service allows collaboration, Nusameta offers
interactive experiences in more than a million active virtual experience in utilizing
the Metaverse and is a users of Muamalat Digital technology to usher education and
workshop that is carried out Islamic Network (DIN) mobile tourism into an innovative era.
continuously for 4 days, on banking application to shop
March 5, 7, 12 and 14 2024. easily, quickly, and safely in the
Alfamart network.
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Business Updates
The following are some of the updates of the Company and its subsidiaries throughout 2024
AR&Co, Lip Lab Beat Mixer & Surprise Airy WIRG & Thales LOI at Bali International Blockchain-based
Dance Floor at EUREKA FEST 2024 Airshow 2024 Certificate
AR&Co developed two interactive
The Company and Thales have signed a *Letter Nusameta has run trials on the
gaming experiences that combine
of Intent* (LoI) at the Bali International Airshow blockchain-based certificate
dance and music for Emina
2024. In addition, both parties are also authentication system. Blockchain is
Cosmetics at the “Beauty
exploring further opportunities to collaborate in
Technology Experience: EUREKA renowned for its decentralized security
the supply, installation and maintenance of
FEST 2024. The interactive games and reliability, designed to securely store
airport control and management systems
developed by AR&Co include Lip Lab and share information, which includes
across Indonesia, with the aim of driving growth
Beat Mixer and Surprise Airy Dance certificates.
in the national aviation sector.
Floor.
D Futuro Futurist Summit 2024 Allianz Asia Pacific Summit 2024 Manasik Haji Virtual - Nusameta
AR&Co participated in the AR&Co introduced “Shake to the Star” at Nusameta has collaborated with
2024 D•Futuro Futurist the Allianz Asia Pacific Summit 2024, Manara Studios to develop the
Summit (DFFS) held at The taking interactive engagement to a more gamified e-learning program “Virtual
Casablanca, Jakarta. At this innovative level. The motion sensor-based Manasik Haji”, which provides learners
event, AR&Co showcased a game provides an immersive intergalactic with a virtual experience of Manasik
range of innovative adventure experience, while highlighting Haji, enabling a deeper understanding
technologies designed to Allianz Indonesia's main entities: Allianz of Hajj in an interactive manner.
create interactive and Life, Allianz Utama, and Allianz Syariah.
futuristic experiences.
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COMPANY FINANCIALS
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Financial summary in IDR
(In billion IDR)
Descriptions 2021A 2022A 2023A 2024A
Revenue 605 1.694 2.492 2.602
Gross Profit 75 205 300 286
Operating Profit 35 73 107 103
Net Profit 24 48 69 79
Net Profit Margin 4.1% 2.8% 2.7% 3.0%
EBITDA 46 90 142 155
EBITDA Margin 7.6% 5.3% 5.7% 6.0%
Total Assets 260 885 1.127 1.440
Total Liabilities 110 259 411 632
Total Equity 150 626 715 808
HIGHLY CONFIDENTIAL | Do not share this document without written permission of PT WIR ASIA Tbk
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Key Financial Performance
Revenue (in IDR Billions) Total Assets (in IDR Billions)
Net Income (in IDR Billions) Total Liabilities (in IDR Billions)
Ebitda (in IDR Billions) Total Equity (in IDR Billions)
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Latest Financial Summary
(in IDR)
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Historical Revenue Breakdown
Healthy Year-on-Year
Growth
WIR Group has successfully recorded a revenue of
IDR 2.6 trillion throughout the full year period of
2024, a significant growth of 4,4% when compared
to last year’s performance.
The largest contributor of the revenue growth was
the revenue generated from Digital platform
Solution segment, which was mainly contributed
from commerce transaction and advertising &
sponsorship done through the digital platform.
The Company is also maintaining its Bespoke
Segment 2021-22: 24.3% 2021 - 2022: 225.9%
Solution segment growth through completion of
Revenue
2022-23: 5.3% 2022 - 2023: 51.8% bespoke technology related projects for its
Growth
y-o-y 2023-24: 35.9% 2023 - 2024: 2.0% business partners.
Bespoke Solution Digital Platform
Solution
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INDUSTRY OUTLOOK
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22
Industry Outlook
Global GDP Growth Indonesia GDP Growth
Resilience in the Indonesian Economy
Despite global economic growth being projected to stagnate at 3.2% with a
relatively high inflation rate of 4.5% in 2025, Indonesia's economy is still
expected to grow within the range of 5.1% to 5.5% during that year.
Source: fiskal keuangan kemenkeu (2025)
Pasar Atraktif di Indonesia
Indonesia remains an appealing market for our online-to-offline (O2O) solutions.
Indonesia Internet Indonesia AR/VR Market According to the e-Conomy SEA 2023 report by Google, Indonesia’s internet
Economy (in USD) Size (in USD)
economy is projected to reach a Gross Merchandise Value (GMV) of USD 82
billion by 2025. Additionally, the Augmented Reality (AR) and Virtual Reality (VR)
market in Indonesia is expected to generate revenue of USD 463.8 million in
2025, with a compound annual growth rate (CAGR) of 8.14% during the 2025-2029
period, reaching USD 634.2 million by 2029.
Source: Country Spotlight Indonesia (2023) , Statista (2025)
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Prospek Industri
Artificial Intelligence (AI)
The APAC AI Outlook 2025 report, initiated by IBM, indicates that
companies in the Asia-Pacific region, including Indonesia, have moved
beyond the experimental stage and are now focusing on maximizing the
impact of their AI investments. Around 54% of companies expect
long-term benefits, such as innovation and revenue growth, through the
implementation of cost-effective and flexible AI solutions.
Source: telset.id (2025)
Augmented Reality & Virtual Reality
AR and VR technologies are expected to be increasingly utilized not only
in gaming but also in e-commerce, education, corporate training, and
real estate. The implementation of AR and VR will create more
interactive and immersive experiences for users, opening up new
business opportunities across various sectors.
Source: litera.id (2025) news.ahmaddahlan.ac.id (2025)
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Prospek Industri
Metaverse
Large companies like Meta (formerly Facebook) have invested billions of
dollars to build the metaverse, including platforms for virtual
collaboration and social interaction. In the gaming sector, platforms like
Roblox and Fortnite have been pioneers in creating a functional
metaverse. In Indonesia, metaverse adoption is expected to increase
along with the development of digital infrastructure and the growing
public interest in new technologies.
Source: kreatifparenting (2025)
Blockchain dan NFT
Blockchain technology is expected to go beyond cryptocurrency usage
and revolutionize supply chains, ensure data security, and enable smart
contracts. By 2025, blockchain could be used to enhance transparency,
reduce fraud, and streamline business operations. Meanwhile, NFTs will
continue to evolve as a tool for digital ownership, particularly in the art,
music, and gaming sectors.
Source: news.ahmaddahlan.ac.id (2025)
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COMPANY STRATEGIC PILLARS
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Competitive Advantages
Pioneer in SEA Region Extensive and Proven Track Record
WIR Group has done thousands of projects
WIR Group is one the pioneers who introduced
AR/VR technology application in the SEA
region. Providing good positioning as AR/VR
1 2 in 20+ countries which has won many local
and global accolades since its inception in
2009.
player in the market.
Sustainable Business Model
WIR Group approach to market is by
Unique Value Proposition
partnering and providing AR, VR, and AI WIR Group is offering immersive
based business solutions to key players
and industry leaders to ensure
6 3 technology and web 3.0 based
solutions featuring AR/VR/AI
sustainable revenue generation that technology through Bespoke
resulted in consistent positive bottom Solution and Digital Platform
lime. Solution.
Cross Industries Adoption High Scalability
The solution and platform made
5 4 WIR Group platforms are highly
by WIR Group that are applicable replicable and can be
across industries providing huge implemented by different clients
market opportunities. with minimum customization.
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27 Revenue Stream Transformation
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5-Year roadmap
Targeted Market Entry: Launch commercial Ecosystem Expansion:
products and services in select target markets. Focus on attracting more
Focus on early adopters and build brand developers, content creators,
awareness. and users to our platform.
Platform Development: Develop a robust Foster a thriving community.
platform that allows third-party developers to
create and integrate their own experiences.
2025 2027
2024 2026 2028
Core Technology Enhancement: Geographic Expansion: Interconnected Experiences:
To strengthen our core AR/VR, AI, Expand operations to new Focus on seamlessly integrating
blockchain, and Web3 platforms. geographic markets. our platform with other
Focus on scalability, security, and Product Diversification: Introduce technologies and platforms.
interoperability. new products and services that Enable true interoperability.
leverage our core technologies.
Explore adjacent markets.
HIGHLY CONFIDENTIAL | Do not share this document without written permission of PT WIR ASIA Tbk
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THANK YOU
Names mentioned 7 people and organisations named in the text · linked when the evidence is strong
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PT Vatar Media
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PT Tiga Akar Kreasi
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PT Metaverse Indonesia Makmur
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Bank Syariah. AIRA Helps
p.14
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org
Bank Muamalat
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