20240627_HAJJ_Tanggapan atas Permintaan Penjelasan Bursa_31676435_lamp1.pdf

PI. ARSY BUANA TRAVELINDO TBK
Ruko Harvest No. 3

Jl. Merpati Raya, Sawah Lama

Ciputat, Tangerang Selatan - Banten 15413
Telp. (62-21) 7422898

Email : corporatesecretary@abtitravelid
www.abttravel.id ce bumaltovetndo

d. Utang pajak lebih rendah dari proyeksi: Optimalisasi pembayaran pajak.
e. Uang muka pelanggan lebih rendah dari proyeksi: Uang muka pelanggan dan
pendapatan diterima di muka yang lebih rendah dari proyeksi disebabkan oleh

penurunan permintaan.
f. Pendapatan diterima di muka lebih rendah dari proyeksi: Penurunan penjualan

produk jasa pada kuartal akhir 2023.

g. Upaya mencapai proyeksi total liabilitas 2024: Strategi untuk mencapai proyeksi
total liabilitas tahun 2024 adalah dengan pengendalian utang yang ketat dan
pengelolaan kas yang lebih baik.

h. Keyakinan mencapai proyeksi total liabilitas 2024: Kami yakin dapat mencapai
proyeksi total liabilitas tahun 2024 dan periode berikutnya dengan upaya yang telah
direncanakan.

3. Proyeksi Ekuitas

a. Faktor tidak tercapainya nilai proyeksi total ekuitas: Kinerja laba yang lebih rendah
dari yang diproyeksikan.

b. Upaya dan strategi mencapai proyeksi total ekuitas 2024: Meningkatkan efisiensi
operasional dan memperkuat pendapatan.

c. Keyakinan mencapai proyeksi total ekuitas 2024: Kami yakin dengan perbaikan
kinerja operasional dan manajemen risiko, proyeksi ekuitas dapat tercapai.

B. Terkait Penggunaan Dana Penawaran Umum, Laporan Keuangan, dan
Operasional Perseroan

1. Realisasi Penggunaan Dana Hasil Penawaran Umum Perdana

Penggunaan dana hasil penawaran umum untuk reservasi tiket pesawat dan kamar hotel
telah direalisasikan sesuai dengan rencana. Namun, terdapat pergeseran alokasi dana
yang disebabkan oleh peningkatan permintaan pada reservasi kamar hotel dan margin
laba dari lini bisnis kamar hotel lebih tinggi dibandingkan tiket pesawat.

2. Perubahan nilai realisasi dana

Perubahan disebabkan oleh peningkatan permintaan kamar hotel dan margin labar dari
lini kamar hotel lebih tinggi dibandingkan tiket pesawat.

3. Penggunaan Dana Hasil Konversi Waran Seri I

Realisasi penggunaan dana akan dilaporkan dan dibahas pada RUPST 2024 pada mata
acara nomor 5.

4. Peningkatan signifikan utang bank jangka pendek ke BCA

Penambahan utang bank jangka pendek kepada BCA sebesar IDR 16 miliar digunakan
untuk memenuhi kebutuhan modal kerja.

(0) ya,

PI. ARSY Buana KNVEUNDO TEK

Ruko Harvest No. 3

Jl Merpati Raya, Sawah Lama

Ciputat, Tangerang Selatan - Banten 18413

Telp. (62-21) 7422898

Email : corporatesecretary @abittravel.kd
www.abitrovel.id m—matortras

5. Penjaminan rekening giro atas nama Entin Suryatin

Rekening giro tersebut dijadikan jaminan untuk mendapatkan fasilitas kredit dari BCA
guna mendukung kebutuhan modal kerja.

C. Informasi Lainnya
1. Rencana Tindakan Korporasi

Dalam 12 bulan ke depan, Perseroan berencana akan melakukan pembagian dividen
interim pada bulan Desember 2024.

2. Informasi/Kejadian Penting Lainnya
Perseroan belum memiliki informasi atau kejadian penting lainnya yang material yang
akan dilakukan di masa mendatang dan dapat mempengaruhi kelangsungan hidup
Perseroan serta harga saham.
Demikian tanggapan kami atas permintaan penjelasan dari Bursa Efek Indonesia. Kami
berharap penjelasan ini dapat memenuhi harapan Bursa Efek Indonesia dan mendukung
transparansi serta tata kelola yang baik dalam operasional Perseroan.

Atas perhatian dan kerja sama yang baik, kami ucapkan terima kasih.

Hormat kami,

Corporate Secretary
PT Arsy Buana Travelindo Tbk

Tembusan:
1. Direktur Pengawasan Transaksi Efek, Otoritas Jasa Keuangan

2. Direktur Pengawasan Emiten dan Perusahaan Publik 1, Otoritas Jasa Keuangan
3. Direktur Pengawasan Emiten dan Perusahaan Publik 2, Otoritas Jasa Keuangan

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5-— KAI MASTINDG: uas

PI. ARSY BUANA TRAVELINDO TBK
Ruko Harvest No, 3

Jl. Merpati Raya, Sawah Lama
Ciputat, Tangerang Selatan - Banten 15413
Telp. (62-21) 7422898

Email : corporatesecretary@abitrovel.id
www.abttravel.id (any buararoveindo

Number: 064/ABT-CSL/VI/2024 Jakarta, June 26, 2024

To:

Direktur Penilaian Perusahaan

Bursa Efek Indonesia

Indonesia Stock Exchange Building, Tower I, 6th Floor
Jl. Jend. Sudirman Kav. 52-53

Jakarta 12190 — Indonesia

Attn : I Gede Nyoman Yetna, Direktur Penilaian Perusahaan and
Lidia M. Panjaitan. Kepala Divisi Penilaian Perusahaan 3

Subject : Response to Reguest for Explanation

Dear Sir/Madam,

Regarding the letter from the Indonesia Stock Exchange No. S-06430/BEI.PP3/06-2024 dated
June 24, 2024, concerning the Reguest for Explanation on Financial Projections, Annual
Financial Statements, and the Use of Proceeds from the Public Offering of PT Arsy Buana
Travelindo Tbk (the Company), we hereby provide the following responses and explanations:

A. Regarding Financial Projections

1. Asset Projections

a. Main factors for not achieving the projected total assets as of December 31, 2023:
The decline in asset value was primarily due to the company's strategy adjustment in
the last guarter of 2023 due to a decrease in demand.

b. Lower cash balance than projected: Cash usage for operational needs was higher than
projected.

c. Trade receivables balance to PT Madinah Iman Wisata: A new cooperation
agreement that was not previously projected, with the repayment plan to be executed
gradually as per the agreement.

d. Inventory lower than projected: Market demand declined in the last guarter of 2023.

Other current assets higher than projected: Adjustment of the company's strategy.

Efforts and strategies to achieve the 2024 total asset projection: Strategies to

achieve the 2024 total asset projection include enhancing operational efficiency and

Optimizing cash flow.

g- Confidence in achieving the 2024 total asset projection: With the strategies outlined,
we are confident that the projected asset value can be achieved.

»

2. Liability Projections

a. Factors for lower actual total liabilities: The reduction in liabilities was due to faster-
than-projected trade payables payments.
b. Significant increase in short-term bank loans to BCA: Additional loans were taken

to support operations.

c. Trade payables lower than projected: More efficient management of payables and
guicker payments to suppliers.

d. Tax payables lower than projected: Optimization of tax payments.

Uom core

Irvest No. 3

Jl. Merpati Raya, Sawah Lama

Ciputat, Tangerang Selatan - Banten 15413
Tetp. (62-21) 7422498

Emal : corporatesecretary@obttravel.kd
www.abifravel.id lam tuoraltavetnao

PT. ARSY BUANA TRAVELINDO TBK
Ruko Har

e. Customer advances lower than projected: Customer advances and unearned
revenues were lower than projected due to decreased demand.
f. Unearned revenues lower than projected: Decline in service product sales in the last

guarter of 2023.
g. Efforts to achieve the 2024 total liability projection: Strategies include strict debt

control and better cash management.
h. Confidence in achieving the 2024 total liability projection: We are confident in
achieving the 2024 total liability projection and future periods with the planned efforts.

3. Eguity Projections

a. Factors for not achieving the projected total eguity: Lower-than-projected profit

performance.
b. Efforts and strategies to achieve the 2024 total eguity projection: Enhancing

operational efficiency and strengthening revenues.
c. Confidence in achieving the 2024 total eguity projection: We are confident that with
improvements in operational performance and risk management, the eguity projection

can be achieved.

B. Regarding the Use of Public Offering Proceeds, Financial Statements, and
Company Operations
1. Realization of Use of IPO Proceeds
The proceeds from the public offering were used for flight ticket and hotel room
reservations as planned. However, there was a shift in fund allocation due to increased

demand for hotel room reservations and higher profit margins from the hotel room
business compared to airline tickets.

2. Changes in the realization of funds

Changes were due to increased demand for hotel rooms and higher profit margins from
the hotel room business compared to airline tickets.

3. Use of Proceeds from Series I Warrants Conversion

The realization of fund usage will be reported and discussed at the 2024 AGMS under
agenda item number 5.

4. Significant increase in short-term bank loans to BCA

The addition of short-term bank loans to BCA amounting to IDR 16 billion was used
to meet working capital needs.

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Ia GB: MSTINDO HK

PT. ARSY BUANA TRAVELINDO TBK
Ruko Harvest No. 3

Jl Merpati Raya, Sawah Lama

Ciputat, Tangerang Selatan - Banten 15413
Telp, (62-21) 7422898

Email : corporatesecretary@abliravel.id

5. Pledging of current account under the name of Entin Suryatin

The current account pledged to obtain credit facilities from BCA to support working
capital needs.

C. Other Information

1. Corporate Action Plans

Within the next 12 months, the Company plans to distribute interim dividends in
December 2024.

2. Other Important Information/Events

The Company has no other material information or events that will take place in the
future and could affect the Company's continuity and share price.

This is our response to the reguest for explanation from the Indonesia Stock Exchange. We
hope this explanation meets the expectations of the Indonesia Stock Exchange and supports
transparency and good governance in the Company's operations.

Thank you for your attention and cooperation.

Sincerely,

Agung FraboWOna reaveunoo tok
Corporate Secretary

PT Arsy Buana Travelindo Tbk

CC:

1. Direktur Pengawasan Transaksi Efek, Otoritas Jasa Keuangan
2. Direktur Pengawasan Emiten dan Perusahaan Publik 1, Otoritas Jasa Keuangan
3. Direktur Pengawasan Emiten dan Perusahaan Publik 2, Otoritas Jasa Keuangan

Ya KEB MSTNDO jk