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20240401_DMMX_Laporan Informasi dan Fakta Material_31622118_lamp1.pdf
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INVESTOR LETTER FY23 Financial Results
HIGHLIGHTS
• FY23 revenue steady at Rp1.9 trillion, while operating profit rose by 54.8% YoY to Rp23.7 billion
• Digital cloud advertising screens increase to 27,596 now deployed at over 14,631 locations
• Pojok Bayar maintains growth accumulating 161,316 members in FY23
• ZKDigimax Pte. Ltd Begins Production of AI-Based Smart Retail Solutions Serving 15 Countries
FY23 revenue steady at Rp1.9 trillion, while operating profit rose by 54.8% YoY to Rp23.7 billion
PT Digital Mediatama Maxima Tbk (“DMMX” or “the Company”) demonstrated a stable revenue growth of 0.4%
YoY, reaching Rp1.9 trillion in FY23. This was supported by increases in trade marketing [6.1% YoY], hardware sales
[38.6% YoY], and managed services [19.2% YoY]. More notably, Infrastructure-as-a-Service (IAAS) experienced
significant growth, soaring by 59.0% YoY due to the persisting demand for the Company’s digital cloud advertising
solutions.
Throughout 2023, the Company prioritized optimizing profitability. Gross margin managed to move northward, from
3.7% in FY22 to 4.2% in FY23. This was primarily driven by the margin improvements in advertising exchange hub,
content & entertainment as well as digital wholesale segments. Meanwhile, operating expense ratio managed to be
maintained stable at 2.9% in FY22 and FY23. The result, operating margin rose, from 0.8% in FY22 to 1.2% in FY23,
translating to a 54.8% YoY surge in operating profit, from Rp15.3 billion in FY22 to Rp23.7 billion in FY23.
Bottom line, the Company reported a net loss position of Rp267.2 billion in FY23, compared to a net profit of Rp4.8
billion in FY22. This loss was largely attributed to the unrealized loss on other investments amounting to Rp285.7
billion in FY23 versus Rp8.4 billion loss in FY22.
Digital cloud advertising screens increase to 27,596 now deployed at over 14,631 locations
Furthermore, 2023 witnessed a continued increase in digital cloud advertising users, with DMMX expanding its total
screens to 27,596, up 11.6% YoY from 2022. Additionally, total advertising points grew by 7.2% YoY to 14,631 sites,
leading to a higher screen per site ratio of 1.9x from 1.8x. Looking ahead to 2024, the Company aims to significantly
increase these numbers and expand its market presence across new locations by diversifying its available products
and solutions.
Pojok Bayar maintains growth accumulating 161,316 members in FY23
In the trade marketing segment, DMMX experienced growth from 146,902 to 161,316 members [9.8% YoY] in 2023,
driven by new client sign-ups and the expansion of SRC shops. This translated to a total revenue of Rp1.7 trillion for
2023. Despite the increase in outlet members, the average revenue generated by each shop remained steady around
Rp10.5 million.
PT Digital Mediatama Maxima Tbk
Mangkuluhur City Office Tower One, 18th floor. Jl Gatot Subroto Kav 1-3, South Jakarta 12930. Indonesia
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INVESTOR LETTER FY23 Financial Results
ZKDigimax Pte. Ltd Begins Production of AI-Based Smart Retail Solutions Serving 15 Countries
In November 2023, ZKDigimax Pte. Ltd, has commenced the production of Smart Retail solutions, such as LED,
signage, and AI retail peripherals, at its new manufacturing plant in Dongguan City, Guangdong Province, China.
The manufacturing line is outfitted with cutting-edge technology and advanced control systems, including High-
Speed SMT, Automatic Packaging Machines, Automatic Screw Machines, Automatic Welding Machines, Automatic
Bending Machines, AGV system, Three-dimensional Intelligent Storage, and Robotic Manufacturing. These facilities
enable ZKDigimax to produce high-capacity AI-based Smart Retail solutions with the highest quality.
Currently in the initial phase, the Company has started distributing its AI-based Smart Retail products and solutions
to 15 countries, including Chile, Peru, Dubai, Malaysia, Indonesia, Panama, Colombia, Kazakhstan, Spain, Thailand,
Vietnam, Kenya, Singapore, Egypt, Angola, South Africa, Mexico, where they are currently being implemented at
the Travoy Hub Integrated LRT Station, Hotel Posto Dormire, and Janji Jiwa stores. Additionally, these solutions are
being applied at Lawson convenience stores, Fook Supermarkets and Luckin Coffee in China and at Everrise
Supermarkets, LePapa Supermarkets, and SDEC in Malaysia.
In this initial year, ZKDigimax managed to record FY23 revenue of Rp50.7 billion with a thick net income of Rp4.3
billion. This contributed Rp854 million in earnings to DMMX in FY23.
PT Digital Mediatama Maxima Tbk
Mangkuluhur City Office Tower One, 18th floor. Jl Gatot Subroto Kav 1-3, South Jakarta 12930. Indonesia
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INVESTOR LETTER FY23 Financial Results
FINANCIAL FIGURES
(Expressed in billions of Rupiah, unless otherwise stated)
Profit & Loss FY22 FY23 Change (%)
Revenue 1,938.2 1,945.1 0.4
Gross Profit 71.5 80.7 12.9
EBITDA 50.2 72.3 44.0
Operating Profit 15.3 23.7 54.8
Net Income* 4.8 (267.2) N.M.
*) net income attributable to the Owners of the Company
Financial Position 2022 2023 Change (%)
Assets 1,134.7 1,074.7 (5.3)
Liabilities 190.1 211.0 11.0
Equity 944.6 863.7 (8.6)
Revenue by Segment FY22 FY23 Change (%)
Managed Services 20.2 24.1 19.2
Infrastructure as a service (IaaS) 50.3 79.9 59.0
Advertising exchange hub 1.4 1.5 4.2
Hardware Sales 78.5 108.8 38.6
Trade Marketing 1,588.4 1,686.0 6.1
Digital wholesale 196.9 43.5 (77.9)
Content & Entertainment 2.4 1.3 (46.8)
Total Revenue 1,938.2 1945.1 0.4
Gross Margin by Segment (in %) FY22 FY23
Managed Service 85.8 84.8
IaaS 50.4 49.4
Advertising exchange hub 49.6 60.0
Hardware Sales 19.0 8.2
Trade Marketing 0.7 0.5
Digital wholesale 0.2 2.4
Content & Entertainment 48.6 79.1
Average Gross Margin 3.7 4.2
PT Digital Mediatama Maxima Tbk
Mangkuluhur City Office Tower One, 18th floor. Jl Gatot Subroto Kav 1-3, South Jakarta 12930. Indonesia
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INVESTOR LETTER FY23 Financial Results Operational Matrix FY22 FY23 Change (%) Digital cloud advertising Total sites 13,651 14,631 7.2 Total screens 24,732 27,596 11.6 Digital trade marketing Number of Outlet Members 146,902 161,316 9.8 For further Information, please contact: Niko Aquino Vice President of Investor Relations PT M Cash Integrasi Tbk Email: nikonaquino@mcash.id PT Digital Mediatama Maxima Tbk Mangkuluhur City Office Tower One, 18th floor. Jl Gatot Subroto Kav 1-3, South Jakarta 12930. Indonesia
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INVESTOR LETTER FY23 Financial Results PT Digital Mediatama Maxima Tbk Mangkuluhur City Office Tower One, 18th floor. Jl Gatot Subroto Kav 1-3, South Jakarta 12930. Indonesia
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INVESTOR LETTER FY23 Financial Results PT Digital Mediatama Maxima Tbk Mangkuluhur City Office Tower One, 18th floor. Jl Gatot Subroto Kav 1-3, South Jakarta 12930. Indonesia
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INVESTOR LETTER FY23 Financial Results PT Digital Mediatama Maxima Tbk Mangkuluhur City Office Tower One, 18th floor. Jl Gatot Subroto Kav 1-3, South Jakarta 12930. Indonesia
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INVESTOR LETTER FY23 Financial Results PT Digital Mediatama Maxima Tbk Mangkuluhur City Office Tower One, 18th floor. Jl Gatot Subroto Kav 1-3, South Jakarta 12930. Indonesia
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INVESTOR LETTER FY23 Financial Results PT Digital Mediatama Maxima Tbk Mangkuluhur City Office Tower One, 18th floor. Jl Gatot Subroto Kav 1-3, South Jakarta 12930. Indonesia
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