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PUBLIC EXPOSE MINUTE
PT. ERATEX DJAJA Tbk
Venue : Griyo Avi Hotel, Jl. Raya Bukit Darmo No. 6, Surabaya
Day / Date : Jum’at / 14 Juni 2024
Time : 11.00 until finished
Attend By:
1. Mr. Afiq Firdaus – Radar Surabaya
2. Mr. Didik Sutrisno (Dio) - Kabarbisnis.com
3. Mr. Abdul Munir - Radar Surabaya
Based on Regulation Number I – E regarding Obligation to submit informatio especially clause III.3
about Public Expose Obligation, then We, PT. Eratex Djaja, Tbk inform that we already held Public
Disclosure as per above mentioned schedule. Our management is represented by:
1. Mr. Bejoy Balakrishnan – Director
2. Ms. Juliarti Pudji Kurniawati – Corporate Secretary
3. Mr. Sunny – Finance Head
4. Ms. Isyana Ningsih – Accounting
On 11:00 Western Indonesia Time, Public Expose was opened by Ms. Juliarti Pudji Kurniawati.
The presentation began with a presentation of Public Expose Material from Ms. Juliarti regarding
company profiles, subsidiaries, share ownership and stock performance in 2023 and continued with
a presentation from Mr. Sunny regarding 2023 Revenue, Important Events in 2023, Profit and Loss
Report, Financial Position Report, Asset Structure, Finance Ratios, Projected Profit (Loss) 2024,
Comparison of projected profit and loss with actual 2023, Business Outlook 2024.
After Q&A session, then public expose closed at 11.28 Western Indonesia Time.
Q&A session
1. How is the performance achieved in 2023 and what percentage growth will there be compared
to 2022?
In 2023, the Company recorded revenue of US$ 121 million, a significant increase of 9.6%
compared to 2022
2. What factors influence the growth
Increasing orders volumes from exsisting and new customers
3. How is market prosepect in 2024, in local market and global market?
Business with Japanese and local customers is expected to grow further due to their
improved retail business but on the other hand growth in USA and European market will be
little slower compared to 2023
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4. Until Q1/2024 how is this year's sales
In Q1-2024 there was a decrease in sales volume from the United States market compared
to Q1-2023 due to uncertainty in demand from the United States market. However, this
decline was offset by an increase in Japanese customers and the local market. Overall sales
in Q1-2024 decreased by 6.9% compared to Q1-2023
5. What is the impact of the increase in the dollar exchange rate on the need for raw materials
The impact is not much, because even though raw materials are imported in USD, our sales
are also exported in USD too
6. What is the impact of geopolitics on future global market developments?
Geopolitically Indonesia is a favorable destination due to ongoing issues with China whereas
Vietnam and Bangladesh are experiencing market saturation (more products than market
demand). Despite these factors, pricing and margin challenges are expected to persist until
broader market conditions improve. There is also challenges for rising shipping costs and
delays in delivery due to conflicts in the Middle East and Red Sea that could further escalate.
Overall Market conditions are still remain stagnant.
7. What strategies will the company carry out to boost performance this year?
The key strategy for 2024 will be: :
1) Continue to increase production capacity
2) Strengthening marketing team
3) Developing new products and explore new customers
4) Strengthening laundry team
5) Reducing fixed cost
6) Strengthen the company to efficiently handle complex washes and reduce cost of
operation.
7) replace old machines in Sewing operations with new technology automation machines
to improve quality and reduce operational cost
8) Worker’s training to be further enriched to develop multi skills
9) Improving production planning and coordination to execute low volumes orders with
shorter lead time efficiently
10) Improving operational efficiencies to maintain margins in highly competitive
environment
11) Reducing interest cost and maintaining adequate liquidity by efficient fund management
8. Are there any plans to expand the market this year? Which market?
As of now, there is no additional new buyers in first quarter of 2024
We try to maintain order and increasing sales order from existing buyers and new buyers in
2023
9. What is the capex requirement this year and what is it used for?
Kami merencanakan capex US$ 3 juta, sebagian besar untuk:
1) Renovation work on one of the older production buildings to extend life time of buildi
2) Replacement of old machines with new technology automation machines to improve
quality and reduce operational cost
3) Addition of factory equipment to increase productivity and reduce operational cost
Names mentioned 9 people and organisations named in the text · linked when the evidence is strong
unresolved
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Afiq Firdaus
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Didik Sutrisno
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Abdul Munir
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Isyana Ningsih
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Juliarti
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