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Page 1
Public Expose

PT Arwana Citramulia Tbk
                             28 Maret 2024
                  Plant II, Serang, Banten
Page 2
       Kinerja Operasional
       Edy Suyanto S.E. | Chief Operating Officer




Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 3
Menjadi perusahaan yang terbaik dalam industri keramik,
                                                         VISI
penuh dengan daya cipta dan inovasi,
serta mampu memberikan kontribusi yang berarti
bagi negara dan masyarakat.




              Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 4
                                                                                 Menjadi yang Terbaik




The World’s Top Ceramic Tile Manufacturers 2023


            Ceramic World Review




                                             Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 5
                                                                         Menjadi yang Terbaik
                                                                                                                      Sertifikasi




ISO 14001:2015                                 ISO 9001:2015
Environmental Management System                Quality Management System


Plant I     : 22 Juni 2012                     Plant I      : 23 Juni 1997
Plant II    : 10 Oktober 2011                  Plant II     : 19 Januari 2001   Standar Industri Hijau SIH 23929.1:2022
Plant III   : 5 Februari 2013                  Plant III    : 2 Juli 2004       SNI ISO 13006: 2010
Plant IV    : 23 Mei 2019                      Plant IV    : 14 Januari 2015    SIRIM MS ISO 13006:2020
Plant V     : 12 April 2018                    Plant V     : 22 Juni 2017       Green Label Indonesia




                                Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 6
                                                   Menjadi yang Terbaik
                                                                       Penghargaan Industri Hijau




2011   2012          2013                2014               2015
                                                                                            2022




2016   2017          2018                2019               2021




              Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 7
                                                                                                                                                Menjadi yang Terbaik


                                                                                                                                              Penghargaan Industri Hijau                                Best of the Best
                     Best Under A Billion
                                                                                      Indonesia My Home Award                         Kementerian Perindustrian Republik Indonesia                      Forbes Indonesia
                          Forbes Asia
                                                                                        2016, 2017, 2022, 2023                                        2011-2022                                       2013-2015, 2021, 2022
                 2006, 2014, 2020, 2022, 2023




                                                                                                                                                    Investor Award                                    Sertifikat Penghargaan
                         Trifecta Award                                                  Capital Market Award
                                                                                                                                                    Majalah Investor                                 Direktorat Jenderal Pajak
         Best of the Best Top 50 Companies 2013-2015                  Emiten Saham Terbaik dengan Kapitalisasi Pasar ≤ Rp10 Triliun
                                                                                                                                                    2019, 2021, 2022                                          2015
                        Forbes Indonesia                                                  Bursa Efek Indonesia
                                                                                                  2014




                Museum Rekor Indonesia [MURI]                                                                                                                                                              The A-List
                                                                                                                                                Asia’s Best Companies
                                                                                  Indonesia Property & Bank Award
Industri Keramik Pertama yang Mendapatkan Sertifikat Industri Hijau                                                                                                                  The 40 Top-performing Small and Medium-sized Companies
                                                                                                                                                Best Managed Company
                                                                                           2016-2020, 2022
    dan Perusahaan Keramik dengan Lokasi Pabrik Terbanyak                                                                                                                                               Forbes Indonesia
                                                                                                                                      and Most Committed to Paying Good Dividends
                               2013                                                                                                                                                                           2011
                                                                                                                                                      FinanceAsia
                                                                                                                                                      2014, 2015
Page 8
                                                                                                          Daya Cipta
                                                                                                               Lokasi Pabrik
   Plant IV [2013]            Plant II [1997]             Plant I [1995]             Plant III [2002]
Ogan Ilir, Sumatera Selatan    Serang, Banten             Tangerang, Banten          Gresik, Jawa Timur




                                                                                                              Plant V [2016]
                                                                                                             Mojokerto, Jawa Timur




                                     Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 9
                                                                                                                Daya Cipta
                                                                                                                     Pertumbuhan Outlet
                                 ❸
                 ❶                                                                          Total Sub-distributor & Outlet
                                                         ❺              ❼                   2013 = 42 sub-distributor & 17.493 outlet (12%)
                                                                                            2014 = 44 sub-distributor & 20.648 outlet (18%)
                                               ❹                                            2015 = 45 sub-distributor & 21.881 outlet (5,9%)
                                                                                            2016 = 45 sub-distributor & 24.265 outlet (10,9%)
                                                               ❻                            2017 = 44 sub-distributor & 25.728 outlet (6,0%)
                                                                                            2018 = 44 sub-distributor & 27.452 outlet (6,7%)
                                                                                            2019 = 44 sub-distributor & 29.947 outlet (9,1%)
                           ❷                                                                2020 = 44 sub-distributor & 32.116 outlet (7,2%)
                                                                                            2021 = 44 sub-distributor & 33.980 outlet (5,8%)
                                                                                            2022 = 46 sub-distributor & 35.918 outlet (5,7%)
                                                                                            2023 = 47 sub-distributor & 37.556 outlet (4,6%)
                                                                                            2024 = 47 sub-distributor & 37.892 outlet (0,9%)

❶ Sumatera             ❷ Jawa & Bali           ❸ Kalimantan          ❹ Sulawesi            ❺ Ambon            ❻ Sorong           ❼ Jayapura
   2013 = 10 & 3.410      2013 = 20 & 11.299      2013 = 5 & 1.756      2013 = 5 & 959        2013 = 1 & 40       2015 = 1 & 1      2013 = 1 & 29
   2014 = 11 & 3.974      2014 = 21 & 13.487      2014 = 5 & 2.045      2014 = 5 & 1.073      2014 = 1 & 40       2016 = 1 & 1      2014 = 1 & 29
   2015 = 11 & 4.201      2015 = 21 & 14.275      2015 = 5 & 2.203      2015 = 5 & 1.126      2015 = 1 & 45       2017 = 1 & 1      2015 = 1 & 30
   2016 = 11 & 4.672      2016 = 21 & 15.908      2016 = 5 & 2.364      2016 = 5 & 1.245      2016 = 1 & 45       2019 = 1 & 1      2016 = 1 & 30
   2017 = 11 & 4.963      2017 = 21 & 16.876      2017 = 5 & 2.546      2017 = 5 & 1.312      2017 = 0            2020 = 1 & 1      2017 = 1 & 30
   2018 = 11 & 5.350      2018 = 21 & 17.944      2018 = 5 & 2.677      2018 = 5 & 1.450      2018 = 0            2021 = 1 & 1      2018 = 1 & 30
   2019 = 11 & 6.069      2019 = 21 & 19.438      2019 = 5 & 2.830      2019 = 5 & 1.579      2019 = 0            2022 = 1 &1       2019 = 1 & 30
   2020 = 11 & 6.525      2020 = 21 & 20.898      2020 = 5 & 2.969      2020 = 5 & 1.693      2020 = 0            2023 = 1 & 1      2020 = 1 & 30
   2021 = 11 & 6.975      2021 = 21 & 22.088      2021 = 5 & 3.089      2021 = 5 & 1.797      2021 = 0            2024 = 1 & 1      2021 = 1 & 30
   2022 = 12 & 7.515      2022 = 22 & 23.169      2022 = 5 & 3.286      2022 = 5 & 1.917      2022 = 0                              2022 = 1 & 30
   2023 = 13 & 8.028      2023 = 22 & 24.035      2023 = 5 & 3.453      2023 = 5 & 2.009      2023 = 0                              2023 = 1 & 30
   2024 = 13 & 8.116      2024 = 22 & 24.243      2024 = 5 & 3.481      2024 = 5 & 2.021      2024 = 0                              2024 = 1 & 30
Page 10
                     Plant I                                          Plant II
                   Tangerang, Banten                                  Serang, Banten




             Mulai beroperasi: Juni 1995                      Mulai beroperasi: Juli 1997

■ Kapasitas Produksi Awal: 2.880.000 m2/tahun       ■ Kapasitas Produksi Awal: 4.500.000 m2/tahun
■ Kapasitas Produksi Saat Ini: 3.780.000 m2/tahun   ■ Kapasitas Produksi Saat Ini: 19.500.000 m2/tahun
■ SNI ISO 13006:2010                                ■ SNI ISO 13006:2010
  ISO 9001:2015                                       ISO 9001:2015
  ISO 14001:2015                                      ISO 14001:2015
  SIRIM MS ISO 13006:2020                             SIRIM MS ISO 13006:2020
  SIH 23929.1:2022                                    SIH 23929.1:2022
Page 11
                     Plant III                                         Plant IV
                   Gresik, Jawa Timur                           Ogan Ilir, Sumatera Selatan




             Mulai beroperasi: Mei 2002                        Mulai beroperasi: September 2013

■ Kapasitas Produksi Awal: 3.600.000 m2/tahun        ■ Kapasitas Produksi Awal: 8.000.000 m2/tahun
■ Kapasitas Produksi Saat Ini: 18.090.000 m2/tahun   ■ Kapasitas Produksi Saat Ini: 12.000.000 m2/tahun
■ SNI ISO 13006:2010                                 ■ SNI ISO 13006:2010
  ISO 9001:2015                                        ISO 9001:2015
  ISO 14001:2015                                       ISO 14001:2015
  SIRIM MS ISO 13006:2014                              SIH 23929.1:2022
  SIH 23929.1:2022
Page 12
                                                     Plant V
                                                Mojokerto, Jawa Timur




             Mulai beroperasi: Mei 2016                                                Plant 5C

■ Kapasitas Produksi Awal: 8.000.000 m2/tahun                     Seremoni On Kiln: 22 Februari 2023, 00.58 WIB
■ Kapasitas Produksi Saat Ini: 15.400.000 m2/tahun                Peresmian: 1 September 2023
■ SNI ISO 13006:2010
                                                                           Mulai Beroperasi: Q1 2023
  ISO 9001:2015
                                                                                    Produk: ARNA Solitaire [60x60]
  ISO 14001:2015
                                                                         Kapasitas Produksi: 4.400.000 m2/tahun
  SIRIM MS ISO 13006:2020
  SIH 23929.1:2017
Page 13
                                                                   Ekspansi Kapasitas Produksi
                                                                                                                                                                  Capital Expenditure
[Ribu m2/tahun]                                                                                                                                                        [Miliar Rupiah]

2025                                                                                                                                         78,770     Plant 6                  400
2024                                                                                                                                72,770   Plant 4C                            300
2023                                                                                                                       68,770     Plant 5C
2021                                                                                                             64,370     Plant 5B
2019                                                                                                         61,370     Plant 4B
2016                                                                                                57,370     Plant 5A
2013                                                                                  49,370   Plant 4A

2011                                                                    41,370     Plant 2A Upgrade                                                                   Plant 1
2010                                                                   40,870    Plant 3C Phase 2 | Plant 2C Extension                                                Plant 2
2009                                                        34,280    Plant 3C Phase 1
                                                                                                                                                                      Plant 3
2007                                             27,400   Plant 2C Phase 2
                                                                                                                                                                      Plant 4
2006                                    22,400     Plant 2B Phase 1
2005                           17,370   Plant 3B                                                                                                                      Plant 5

2004                12,040     Plant 2 Machinery Upgrade                                                                                                              Plant 6
2002              10,775     Plant 3A
1997        7,490    Plant 2A
1995       2,800 Plant 1

       -             10,000             20,000            30,000          40,000           50,000              60,000               70,000            80,000            90,000
Page 14
                             Strategi Pertumbuhan




Lingkungan                  Energi                Produk             Teknologi           Sumber Daya
                                                                                           Manusia
  Industri hijau dan     Efisiensi pemakaian   Menghasilkan produk    Investasi pada
pelestarian lingkungan          energi          berkualitas tinggi   teknologi terbaik   Mengembangkan SDM
Page 15
Lingkungan
Page 16
                                          Energi

29%    27%    27%    26%    25%    27%    29%     33%      31%      33%    35%    39%    38%    38%




34%    37%    37%    40%    42%
                                   43%    42%              38%
                                                  39%               37%    33%           30%    30%
                                                                                  30%



22%    22%    23%    22%    21%                            20%             20%    19%    19%    18%
                                   19%    18%     18%               19%

15%    14%    13%    12%    12%    11%    11%              11%      11%    12%    12%    13%    14%
                                                  10%
2010   2011   2012   2013   2014   2015   2016    2017     2018     2019   2020   2021   2022   2023

                                   Body   Glaze   Energy   Others
Page 17
Produk
                                      Desain Baru 2023
                              Motif          SKU

                    Arwana     35             78

                      UNO     109             206
                     ARNA      42             61
                Total Baru    186             345
     Total Existing + Baru    1.025          2.276



                                      Produk Baru 2023
                              Motif          SKU

     ARNA Solitaire [60x60]    32             43
     UNO Rectified [50x50]     19             34
Page 18
                                                  Teknologi
                             Press




                                     Qualitron                Multigecko               Squaring




Multi-channel Horizontal Dryer       Palletizer                Multipack   Polishing
Page 19
                                                                                    Kinerja Produksi




                                  2009     2010    2011     2012    2013    2014     2015    2016    2017    2018    2019    2020    2021    2022    2023

Produksi [juta m2]                30,04   36,14    37,35   41,26    44,20   49,08    41,66   50,23   51,43   55,74   60,20   63,02   69,07   70,62   62,12

Pertumbuhan produksi              9,49%   20,47%   3,35%   10,47%   7,13%   11,04% -15,12% 20,57%    2,39%   8,38%   8,00%   4,68%   9,60%   2,24%   12,04%

Kapasitas terpasang [juta m2]     31,86   38,87    40,87   41,37    49,37   49,37    49,37   57,37   57,37   57,37   61,37   61,37   64,37   64,37   68,77

Pemanfaatan kapasitas terpasang   94%      93%     91%     100%     90%      99%     84%     88%     90%     97%     97%     103%    107%    110%     92%
Page 20
    Kinerja Keuangan
    Ir. Rudy Sujanto, M.B.A. | Chief Financial Officer




Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 21
Kinerja Perseroan 2023

  Profitabilitas
     Penjualan Bersih turun 5% dari Rp2,59 triliun pada tahun 2022 menjadi
      Rp2,45 triliun pada tahun 2023.
     Margin Laba Bersih tahun 2023 dibukukan sebesar 18%, turun dibandingkan
      tahun 2022 yang sebesar 22%.
     Laba Bersih tahun 2023 dibukukan sebesar Rp445,3 miliar, mengalami
      penurunan 23% dari Rp576,2 miliar pada tahun 2022.
     Rasio Profitabilitas, RoE tahun 2023 sebesar 24% dibandingkan 32% pada
      tahun 2022.




                   Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 22
                 Margin Laba Bersih

                                                                22%

                                                        18%            18%
16%
                                               15%

                                       10%
                                8%
                        7%
               6%
       5%



2014   2015    2016    2017     2018    2019    2020    2021    2022   2023

       Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 23
                            INCOME STATEMENT             2022                 2023               %
            NET SALES                                 2,586,665,297,359    2,447,442,037,598     -5.4%
                                                                 38,831               39,676      2.2%
  Laporan   COST OF GOOD SOLD                         1,533,948,666,880
                                                                 23,028
                                                                           1,543,235,116,993
                                                                                      25,017
                                                                                                  0.6%
                                                                                                  8.6%

Laba-Rugi   GROSS PROFIT                              1,052,716,630,479
                                                                  40.7%
                                                                             904,206,920,605
                                                                                       36.9%
                                                                                                -14.1%


     2023   OPERATING EXPENSES
                 Sales
                                                                 (3,258)
                                                       (217,023,243,207)
                                                                                      (4,033)
                                                                            (248,779,954,797)
                                                                                                23.8%
                                                                                                14.6%
                 General and Administration             (94,430,517,374)     (92,127,535,352)    -2.4%
                 Currency Net Gain (Loss)                (5,853,428,268)       3,335,803,430
                 Other Income (Expense)                   6,430,811,673        7,002,717,346
                 Total Operating Expenses              (310,876,377,176)    (330,568,969,373)     6.3%
                                                                 (4,667)              (5,359)   14.8%
            OPERATING INCOME                            741,840,253,303      573,637,951,232    -22.7%
                                                                  28.7%                23.4%
            FINANCIAL INCOME (EXPENSES)
                  Financial income                      11,919,581,158        14,810,047,385
                  Financial costs                       (7,663,740,464)      (12,779,697,681)
                  Total Financial income (expenses)      4,255,840,694         2,030,349,705
            INCOME BEFORE INCOME TAX                   746,096,093,997      575,668,300,937     -22.8%

            INCOME TAX EXPENSES
                 Current                               163,745,978,975      127,444,875,070
                 Deffered                                  792,704,421         (857,302,510)
                 Total Income Tax Expenses             164,538,683,396      126,587,572,560

            INCOME BEFORE MINIRITY INTEREST            581,557,410,601      449,080,728,377

            MINORITY INTEREST                            5,343,846,317        3,789,221,451
            NET INCOME                                 576,213,564,285      445,291,506,926     -22.7%
                                                                  22.3%                18.2%
            TOTAL SALES (m2)                                66,613,001           61,686,255      -7.4%
            TOTAL PRODUCTION (m2)                           70,623,228           62,121,444     -12.0%
Page 24
                  Product Mix dan ASP
32,645   32,570   33,468       34,232         36,053           36,166   37,731    38,831   39,676
                                                                            3%      5%       9%
 16%
          28%
                   43%
                                51%
 31%                                           59%
                                                                65%
                                                                           65%     63%
          22%                                                                                61%

                   17%
                                14%
                                               11%
                                                                 8%
 53%                                                                        7%      7%
          50%                                                                                9%
                   40%
                                35%
                                               30%              27%        25%     25%       21%


2015      2016    2017          2018          2019              2020       2021    2022     2023
                                   Best Buy          Reguler
                  Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 25
Historical RoE 2016-2023
   In million Rp       2016          2017        2018        2019        2020        2021           2022       2023
Net Profit Margin         6.0%      7.0%      7.9%     10.0%     14.6%     18.4%     22.3%                        18.2%
- Net Profit            90,483   120,830   156,624   215,535   323,013   470,903   576,214                      445,292
- Net Sales          1,511,978 1,732,985 1,971,478 2,151,801 2,211,744 2,554,881 2,586,665                    2,447,442
Asset Turnover            0.98          1.08        1.19        1.20        1.12        1.14           1.00        0.93
- Net Sales          1,511,978     1,732,985   1,971,478   2,151,801   2,211,744   2,554,881      2,586,665   2,447,442
- Total Assets       1,543,216     1,601,347   1,652,906   1,799,137   1,970,340   2,243,523      2,578,868   2,620,492
Financial Leverage        1.63          1.56        1.51        1.53        1.53        1.45           1.43        1.44
- Total Assets       1,543,216     1,601,347   1,652,906   1,799,137   1,970,340   2,243,523      2,578,868   2,620,492
- Equity               948,088     1,029,400   1,096,596   1,176,782   1,284,037   1,548,315      1,804,073   1,823,503
ROE                       9.5%         11.7%       14.3%       18.3%       25.2%          30.4%       31.9%       24.4%




                                 Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 26
Kinerja Perseroan 2023

  Neraca Keuangan
     Kas dan Setara Kas pada tahun 2023 dibukukan sebesar Rp440,66 miliar,
      turun 26,54% dibandingkan Kas dan Setara Kas tahun 2022 yang sebesar
      Rp599,86 miliar.
     Rasio Likuiditas, Current Ratio tahun 2023 dibukukan sebesar 241%, naik
      dibandingkan tahun 2022 yang sebesar 234%.
     Rasio Solvabilitas, Debt to Asset Ratio tahun 2023 dibukukan 29%, sama
      dengan posisi tahun 2022.




                   Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 27
                                                                                            599.9
            Grafik                                                               602.6
Kas dan Setara Kas                                                                                  440.7
          [Miliar Rupiah]


                                                                     435.9
                                                           349.9



                                              192.8

                                     59.5
                              3.2
                            2016       2017       2018        2019       2020        2021    2022      2023



                            Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
Page 28
                                            Grafik
                            Current Ratio dan Debt-to-Asset Ratio



                                   240%          241%             39%
                                          234%

                                                                         36%
                            196%                                                        35%
                                                                                34%            34%
              174% 174%
       163%
                                                                                                      30%
                                                                                                             29%    29%
135%




2016   2017   2018   2019   2020   2021   2022   2023             2016   2017   2018    2019   2020   2021   2022   2023

                     Current Ratio                                                             DEBT
                                                                                   Debt-to-Asset Ratio TO

                               Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024
                                                                                                ASSET
                                                                                                RATIO
Page 29
                        INCOME STATEMENT                     2023                 2024P            %
            NET SALES                                    2,447,442,037,598    2,637,159,974,226    7.8%
                                                                    39,676               39,735    0.1%

 Proyeksi   COST OF GOOD SOLD                            1,543,235,116,993
                                                                    25,017
                                                                              1,679,267,916,736
                                                                                         25,302    1.1%

Laba-Rugi   GROSS PROFIT                                  904,206,920,605
                                                                     36.9%
                                                                               957,892,057,489
                                                                                          36.3%

     2024
            OPERATING EXPENSES                                      (4,033)              (4,177)   3.6%
                    Sales                                (248,779,954,797)    (277,220,840,727)
                    General and Administration             (92,127,535,352)     (92,899,431,199)
                    Currency Net Gain (Loss)                 3,335,803,430         (332,740,967)
                    Other Income (Expense)                   7,002,717,346       13,239,075,877
                    Total Operating Expenses             (330,568,969,373)    (357,213,937,017)
                                                                    (5,359)              (5,382)   0.4%
            OPERATING INCOME                              573,637,951,232      600,678,120,473
                                                                     23.4%                22.8%
            FINANCIAL INCOME (EXPENSES)
                     Financial income                       14,810,047,385        9,266,828,557
                     Financial costs                       (12,779,697,681)     (14,662,471,456)
                     Total Financial income (expenses)       2,030,349,705       (5,395,642,899)

            INCOME BEFORE INCOME TAX                      575,668,300,937      595,282,477,573

            INCOME TAX EXPENSES
                    Current                               127,444,875,070      134,077,105,722
                    Deffered                                 (857,302,510)       (3,455,970,378)
                    Total Income Tax Expenses             126,587,572,560      130,621,135,344

            INCOME BEFORE MINIRITY INTEREST               449,080,728,377      464,661,342,229

            MINORITY INTEREST                               3,789,221,451        3,499,770,810
            NET INCOME                                    445,291,506,926      461,161,571,419     3.6%
                                                                     18.2%                17.5%
            TOTAL SALES (m2)                                   61,686,255           66,369,498     7.6%
Page 30
Terima Kasih


Public Expose PT Arwana Citramulia Tbk ■ 28 Maret 2024

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unresolved org Direktorat Jenderal Pajak Best p.7
unresolved org Bank Award Industri Keramik Pertama p.7
unresolved person Ir. Rudy Sujanto p.20

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