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PT SARIMELATI KENCANA TBK.
PUBLIC EXPOSE 2024
JAKARTA / 14 NOVEMBER 2024
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DISCLAIMER This presentation material has been prepared solely for use in a presentation to be made by PT Sarimelati Kencana Tbk. (SMK or the "Company"). This presentation material and any information contained herein is highly confidential and may not be copied, reproduced, redistributed, transmitted or disclosed, in whole or in part, to any other person without obtaining prior approval from the Company. This presentation material contains the latest financial information, business strategies and prospective financial information of the Company. Any and all financial information contained herein is presented on a basis consistent with the accounting policies adopted by the Company, and it reflects the current reasonable judgment of the Company regarding the expected conditions. The business strategies are subject to changes due to uncertainties that could affect the business of the Company, and other factors that are not within the Company’s control. The prospective financial information is prepared on a number of assumptions made by the Company that are inherently subject to significant uncertainty due to factors, which are not within the Company’s control. The Company’s actual result may differ from such forecast and such differences may be material. Under no circumstances should this prospective financial information be regarded as a representation or warranty with respect to the achievement by the Company of any particular result and there can be no assurance that the business strategies will not vary. The information contained in this presentation has not been, and will not be, updated to reflect material developments which may occur after the date of the presentation. The Company may alter, modify or otherwise change in any manner the content of this presentation material, without obligation to notify any person of such change or changes. Neither the Company or any of their affiliates or any of their respective directors, officers, agents, advisers and employees accepts any liability whatsoever (in negligence, for misrepresentation, in tort, under contract or otherwise) for any loss howsoever arising from any information contained in this presentation material or otherwise arising in connection with this presentation material.
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COMPANY OVERVIEW
Snapshot Share Highlights
PT Sarimelati Kencana Tbk. (“SMK”)(ticker IDX: PZZA) was Number of issued shares : 3,021,875,000
established in 1987 and holds franchise agreement of Pizza Hut
Indonesia from Pizza Hut Asia Pacific Holdings LLC. (Yum!).
SMK developed the Pizza Hut brand to become one of the most PT Sriboga Raturaya
successful food franchises in Indonesia. By September 2024, SMK 22.65%
operates combined number of 595 Pizza Hut Outlets across
Indonesia. Albizia ASEAN
IDX: Opportunities Fund
7.00%
SMK also operates a pasta factory in Jakarta, a protein factory in
West Java and dough ball facilities in West, Central and East Java, PZZA The Scottish Oriental
Smaller Co. Trust
Bali, South Sulawesi, North and South Sumatra and Riau. 5.56% 64.79%
Public
New factory in Cikarang has been operated since August 2020, to
provide protein needs for the outlets. This facility is going to expand
its production line to produce pasta, meet/cheese sauce, dough ball
and vegetable processing factory to support SMK for the next 10
years of operation.
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INCOME STATEMENT HIGHLIGHTS
In IDR billion
3Q-24 2Q-24 1Q-24
Net Sales 664.8 734.9 638.2
Gross Profit 462.3 503.6 432.9
Gross Profit Margin 69.5% 68.5% 67.8%
Operating Profit -15.4 -6.9 -60.1
Operating Margin Profit -2.3% -0.9% -9.4%
Net Profit -21.6 -16.4 -58.7
Net Profit Margin -3.2% -2.2% -9.2%
Number of Outlet 595 610 611
YoY (-17) (-2) (-3)
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SALES AND PROFITABILITY (1)
Net Sales Gross Profit & Gross Profit Margin
in IDR billion in IDR billion
69.5%
68.5%
65.4% 65.8% 67.2% 66.6% 67.8%
3,612 3,544
3,458 3,419
2,429 2,360
2,263 2,249
638 735 665
433 504 462
2020 2021 2022 2023 1Q-24 2Q-24 3Q-24 2020 2021 2022 2023 1Q-24 2Q-24 3Q-24
Net Sales Gross Profit Gross Profit Margin
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SALES AND PROFITABILITY (2)
EBITDA & EBITDA Margin Net Profit & Net Profit Margin
in IDR billion 13.3% in IDR billion
10.6% 12.9% -0.6%
12.9% -2.7%
11.2% 1.5% -9.2% -3.2%
8.9%
6.9% -2.7% -2.2%
455
404
376
307
50
95 86
44 2020 2021 2022 2023 1Q-24 2Q-24 3Q-24
(23) (16) (22)
(59)
(94)
2020 2021 2022 2023 1Q-24 2Q-24 3Q-24 (96)
EBITDA EBITDA Margin Net Profit Net Profit Margin
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Liquidity Ratio Solvency Ratio
1.32
0.62
B 0.83
0.93
0.59
0.52
0.61
A S 0.61
0.49
0.30
0.29
0.04
L H 2019 2020 2021 2022 2023 9M-24 2019 2020 2021 2022 2023 9M-24
Current Assets/Current Liabilities (x) Debt/Equity (x)
A E
Debt to EBITDA Debt Service Coverage Ratio (DSCR)
N E 1.70
1.78
1.70
8.51
7.59 7.70
C T 1.12
3.84
0.77 2.52
E 0.13
1.77
2019 2020 2021 2022 2023 9M-24 2019 2020 2021 2022 2023 9M-24
Debt/EBITDA (x) EBITDA/(Current Portion LTD+Interest) (x)
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UNDRAWN DEBT FACILITIES
Total Cash and
Outstanding Loan
Undrawn Debt Facilities
in IDR billion
24
-
Cash
198 Undrawn Short-
term Debt
1
9M-24
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NATIONWIDE PRESENCE
in Outlets
Kalimantan Sulawesi
37 38
(6.2%) (6.4%)
Sumatera
86
(14.5%)
Jawa & Bali Eastern
419 15
(70.4%) (2.5%)
✓ By end of 9M-24, 595 outlets are operated in more than 120 cities across Indonesia.
✓ We rejuvenate our current outlets to be more relevant as a melting pot for Gen Z and Alpha
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OUTLET DEVELOPMENT BY REGION
Number of Outlets
Region by 9M-23 Net built by 9M-24
Greater Jakarta, Jawa, Bali 431 -12 419
Sumatera 91 -5 86
Sulawesi 39 -1 38
Kalimantan 38 -1 37
Eastern Indonesia 13 2 15
Total 612 -17 595
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NEW OPENING RISTORANTE OUTLET PIZZA HUT RISTORANTE METRO PONDOK INDAH
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PIZZA HUT CARES "8P PROGRAM"
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Pizza Hut Ristorante,
Gatot Subroto
Jakarta Selatan
30 Female Employees
OUR FIRST FEMALE OUTLET
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FOOD WASTE MANAGEMENT Pizza Hut x TUKR Instead of disposing used cooking oil irresponsibly, we channel it to trusted distributors to be processed into more environmentally friendly products, such as biodiesel and alternative raw materials.
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National Children's Day • 3 Cities & Nutritionist • > 600 Children
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DIVERSITY AND INCLUSIVITY • 3 Teman Tuli Crew • Participated in The 11th WFD RSA Youth Camp, Yogyakarta • Received an award from BPJS Employment for diversity and inclusivity employment
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FARMERS AND SMEs EMPOWERMENT > 100 Farmers 100% Local-made Paprikas 9 Indonesian Territories
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HUMANITARIAN AID
Red Cross and Orphanage
> 500 Blood > 100 Disaster Relief > 1000 Orphanage
Bags Food Packages Food Aid Packages
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SAVING AND TRANSFERRING TO RENEWABLE ENERGY
Pizza Hut x ALVA Pizza Hut x Voltron x HAKA AUTO
100% LED Lights in PHR and PHD outlets
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PIZZA HUT DELIVERY HOT BOX
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EMPLOYEE PRIORITY
Sports Activities
Disaster Relief Assistance
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PIZZA HUT INDONESIA CELEBRATES 40TH
ANNIVERSARY THROUGH COLLABORATION
WITH KOMIKFAKTAP
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ALL YOU CAN EAT AT PIZZA HUT Celebration of Indonesia Independence day RISTORANTE
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Premium Meaty Pizza and more menu with Pizza Hut
c
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THANK YOU
Names mentioned 5 people and organisations named in the text · linked when the evidence is strong
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Pizza Hut Asia Pacific Holdings LLC
p.3
unresolved
org
Current Portion LTD
p.7
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