20240402_IKAI_Laporan Informasi dan Fakta Material_31623114_lamp2.pdf

the right marketing plan, this section will immediately increase. Quality management
strategies and adaptability to ongoing technology advancements are critical.

Hospitality Segment: Focus on Customer Experience with Attractive Hotel Concepts.

The hospitality/hotel property segment, on the other hand, experienced a revenue CAGR
growth of 5.05% over the last five years, with a higher average gross margin of 81.64%.
The hotel segment serves as an anchor for the tourism sector, which has recovered from
the pandemic. In FY23, this division had an operating income of IDR 89.5 billion, up
17% from IDR 76.47 billion in FY22, with a gross margin of 82%. The hotel segment
was able to sustain IKAI after the pandemic, with an average growth rate of 25.94%
over the past three years following the epidemic in 2020. The three-hotel portfolio,
which includes Hotel Swissbel Bogor, Hotel Swissbel-Inn Medan, and Hotel Saka, has
swiftly become a tourist hotspot due to its strategic location. With the MICE (meetings,
incentives, conferences, and exhibitions) and FIT (free and independent traveler) business
models that prioritize customer experience, this area provides an appealing contrast to
the ceramic segment.

FY23 Profitability: Profitability Ratios Improved, Reflecting Operational Efficiency and
The Positive Effects of Banking Restructuring

Overall, IKAI's profits have increased. On the top line, gross margin rose from 44.71%
in FY22 to 48.57% in FY23. The bottom line improved from -14.9% to 8.4%.
Meanwhile, the net profit margin grew from -15 to 3%. Aside from operational efficiency
in all areas of business, the margin improvement was influenced by the results of bank
debt restructuring, which impacted various items in IKAI's profit and loss statement.
Other revenue from bank debt restructuring gains, bank interest accrual write-offs, and
PKPU debt write-offs resulted in an FY23 profit of 6.75 billion, as opposed to a deficit
of 35.29 billion in FY22. FY23 Comprehensive Profit was 6.98 billion, compared to a
comprehensive loss of 36.44 billion in FY22.

FY23 Financial Position: Maintains Solidity with Liquidity Relaxation

In terms of financial status, IKAI's total assets in FY23 were valued at IDR 1.184 trillion,
marking 2.3% decrease from FY22 because of a reduction in business loan balances to
third parties by 17.46%, which was in line with more effective bill management and
there was a 3% decrease in the book value of fixed assets due to normal accumulated
depreciation. As for total liabilities in FY23, are IDR 430.1 billion, representing a 7%
decrease because aligned with successful credit reconstruction efforts, leading to
adjustments in long-term bank debt obligations and relaxation of restructured facility



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agreements. These factors contributed to an improved liquidity ratio in 2023, reaching
0.47x compared to 0.35x in 2022.

IKAI'S FUTURE: Continuous Improvement and Growth

From a business perspective, IKAI's business model is appealing since it preserves
business segments in two distinct industries, However, there are intersections, but with
different revenue models, cost structures, and investment patterns. If properly managed
through the deployment of effective risk management, it will develop synergies that
support each other in the face of changing business circumstances. This is consistent
with IKAI's business strategy of sustainable investment and shareholder value creation.

In his statement, IKAI President Director Teuku Yohas Raffli highlighted that IKAI's future
business growth will be dependent on the effectiveness of business models that
complement one another, focus on consumers, and compete healthily while managing
risks effectively. Furthermore, Yohas stated that IKAI, as a holding, continues to
encourage its business sectors to develop, be innovative, and be self-sufficient through
the IKAI ways concept, which includes teamwork, integrity, accountability, diversity, and
excellence. Healthy competition arises naturally since there is no reciprocal
cannibalization and everyone must collaborate to attain maximum efficiency. It was
established that at the start of the pandemic, when the tourism sector was stagnant, the
ceramics business segment saved IKAI since it was able to thrive due to its great brand
recognition. However, following the pandemic, the hotel business segment was able to
offer a balanced contribution despite the ceramic segment's condition, which was
impacted by the industry's overall increase in production costs.

He admitted that IKAI must continue to develop itself in the after pandemic, but he was
certain that in the future, IKAI will have positive growth, both organically and
inorganically, and would not rule out the idea of growing inorganically if the opportunity
arose. Yohas, through his statement.

                       About PT Intikeramik Alamasri Industri
                       PT Intikeramik Alamasri Industri Tbk (IKAI) was established on June 26, 1991, which is one of
                       the largest porcelain tile manufacturers in Indonesia. The Company started commercial
                       operations in May 1993, with the trademark "Essenza". In May 2019, the Company added
                       tourism, restaurant and hotel industry into their business activities. IKAI was publicly listed on
                       the Jakarta Stock Exchange and Surabaya Stock Exchange, which is now the Indonesia Stock
                       Exchange on June 4, 1997.

                       For further information, please contact
                       Corporate Secretary
                       Tel: (62-21) 8370 0435
                       Email : corporatesecretary@intikeramik.com
                       Website : www.intikeramik.com




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This press release has been prepared by PT Intikeramik Alamasri Industri Tbk. ("IKAI") and is circulated for general information
purposes only. It is not intended for any individual or specific purpose and does not constitute a recommendation regarding
IKAI shares. No warranty (express or implied) is made as to the accuracy or completeness of the information. All opinions and
estimates contained in this press release are our judgment as of today's date and are subject to change without prior notice.
IKAI accepts no responsibility whatsoever for the consequences to any individual or persons as a result of reliance on the whole
or any part of the contents of this press release and neither IKAI nor any of its affiliated companies and their respective
employees and agents accept liability for any errors, omissions, or otherwise, in this press release and any inaccuracies herein
or omissions herein that may arise.

Forward-Looking Statements
Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as
"will", "expects" and "anticipates" and similar words. By their nature, forward-looking statements involve a number of risks and
uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that
could cause actual results to differ include, but are not limited to, economic, social and political conditions in Indonesia; the
state of the gas industry in Indonesia; prevailing market conditions; increased regulatory burdens in Indonesia, including
environmental regulations and compliance costs; foreign exchange rate fluctuations; interest rate trends, cost of capital and
availability of capital; anticipated demand and selling prices for our developments and related capital expenditures and
investments; construction costs; availability of real estate properties; competition from other companies and venues; shifts in
customer demand; changes in operating costs, including employee wages, benefits and training, changes in government and
public policies; our ability to become and remain competitive; our financial condition, business strategy and plans and
remediation. If one or more of these uncertainties or risks, among others, materialize, actual results could vary materially from
those estimated, anticipated or projected. In particular, but without limitation, capital costs may increase, projects may be
delayed and anticipated improvements in production, capacity or performance may not be fully realized. Although we believe
that the expectations of our management as reflected by such forward-looking statements are reasonable based on information
currently available to us, no assurance can be given that such expectations will prove to be correct. You should not place undue
reliance on such statements. In any event, these statements speak only as of the date hereof, and we undertake no obligation
to update or revise any of our material content, whether as a result of current information, future events or otherwise.




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