business update - multipolar-group.com · shareholding value: usd 37 million - nobu bank market...
TRANSCRIPT
- MPPA FMCG retail
Market cap: USD 732 millionShareholding value: USD 368 million
- Matahari Department Store fashion retail
Market cap: USD 4.1 billion Shareholding value: 725 million
New retail channels:
- Matahari Mall B2C e-commerce
(thru MPPA & MDS)
- Mbiz B2B & B2G e-commerce
Complementary/other retail:
Timezone, Books & Beyond, Robbinz department store
Investment Summary
• Listed in Jakarta Stock Exchange (MLPL)• Market Cap: IDR 3.6tn (USD 277mm)1)
RetailTelecommunication, Multimedia &
Technology (TMT)Other Businesses
& Investments
- Property GroupRetail malls, free-standingretail stores, warehouse, office buildingBook value: USD 149 million
- Lippo KarawaciMarket cap: USD 1.7 billionShareholding value:USD 37 million
- Nobu BankMarket cap: USD 153 milionShareholding value:USD 29.9 million
- Multipolar TechnologyGroupIT system integration, services,data center
Market cap: USD 150 millionShareholding value: USD 120 million
- First Media GroupCable TV, broadband Internet,4G LTE, satellite TV, cinema
Market cap: USD 323 millionShareholding value: USD 109 million
1 USD = IDR 12,998
Multipolar at-a-Glance
PT IMTV 44.00% indirect share Satellite TV
provider
PT Tecnoves Int’l 85.00% indirect share Satellite operator
• Listed in Jakarta Stock Exchange (MLPL)• Market Cap: IDR 3.6tn (USD 277mm)1)
Matahari Putra Prima (MPPA)
50.23% share
Mkt Cap: IDR 9.5tn(USD 0.7bn)1)
Mkt share: 35.5%2)
112 Hypermarts25 Foodmarts49 FMX106 Boston2 Smartclub4)
Retail
Indonesia Food Retail
China Retail Operations
Robbinz Department Store Wholly owned
3 RobbinzDepartment Stores4)
Telecommunication, Multimedia & Technology (TMT)
Multipolar Technology 80.00% share IT consulting, hardware, software
& application system provider to integration & maintenance services
Mkt Cap: IDR 1.9tn(USD 150mm)1)
VisioNet
80.00% indirect share
IT outsourcing; operational and support solutions
Data Center• 52.00% indirect share
IT Services Multimedia
First Media
33.76% indirect share
Mkt Cap:IDR 4.2tn(USD 323mm)1)
Link Net
BroadbandInternet, cable TV, data comm
Other Businesses & Investments
Department Store
Matahari Dept. Store(MDS)
17.48% share
Mkt Cap:IDR 54tn(USD 4.1bn)1)
Mkt share: 34.4%2)
147 stores4)
Timezone
• 50.01% indirect share
• 81 stores4)
Books & Beyond
Wholly owned
37 bookstores4)
Other TMT Others
Multifiling MitraIndonesia (MMI)
33.13% indirect share
Mkt Cap:IDR 200bn(USD 15mm)1)
Documentmanagement
Others
Nobu Bank• 19.58% indirect share• Mkt Cap:
IDR 1.9tn(USD 153mm)1)
Notes:
1) As of Sep 30, 2016; USD 1 = IDR 12,998
2) Source: Euromonitor
3) Includes contribution from consolidated entities only
4) Updated per 30 Sep 2016
Consolidated Non-consolidated
RetailOthers
Properties
MatahariPacific
Nadya PutraInvestama
Wholly owned
86%
10%4%9M16 Sales
Contribution
Retail
TMT
Others
Matahari Putra Prima (MPPA)Multipolar owns 50.2% of MPPA, operator of the fastest growing hypermarket chain in Indonesia
with an extensive store portfolio of hypermarkets, supermarkets and health & beauty stores across Indonesia.
New formats: Foodmart Primo, SmartClub, Foodmart Express (FMX)6
9M16 net profit IDR 32.6 bn vs 9M15 net profit IDR 261.1 bn5
9M16 vs 9M15 SSSG without store closures for renovations: 1.3%4
9M16 vs 9M15 total sales growth: -0.5% to IDR 10.4 tn 3
294 multiformat stores 2
Largest hypermarket network in Indonesia: 112 stores in 68 cities1
Matahari Department Store (LPPF)Multipolar owns 17.5% of Matahari Department Store, the #1 department store in Indonesia based on
market share2) and brand awareness with a proven low risk, high-return business model
9M16 vs 9M15 net profit growth: 16.3% to IDR 1,610 bn 6
9M16 vs 9M15 same-store sales growth: 6.0%5
9M16 vs 9M15 ttl sales growth: 9.2% to IDR 13.2 tn4
Opened 5 new stores in 9M163
Largest dept store network in Indonesia: 147 stores in 68 cities1
Largest market share in Indonesia: 34.4% vs. 23.1% nearest comp2
Multipolar Technology (MLPT)Multipolar owns 80% of Multipolar Technology, which provides end-to-end IT services to Indonesian
corporate clients with special focus on the financial, Telecom & natural resources industries
9M16 vs 9M15 net profit growth: 30.7% to IDR 103.1 bn3
9M16 vs 9M15 ttl sales growth: -11.6% to IDR 1,345 bn2
155 service points in 133 cities5
Largest system integrator in Indonesia since 19751
Trusted world-class brands – IBM, HP, Cisco, Oracle, Microsoft 4
Partners with Mitsui to build Rate-4 ready data center6
Indonesia Media Televisi (BigTV)Indonesia Media Televisi (IMTV) is Multipolar’s direct-to-home (DTH) satellite pay TV subsidiary,
operating under the “Big TV” brand. Launched in late 2013, IMTV continues to grow its subscriber baseamidst an increasingly competitive landscape, with the help of its extensive nationwide sales distribution
network, dynamic sales and marketing campaigns, as well as a robust installation capacity.
Largest channels offering: 124 channels incl 46 HD channels1
Reduced OPEX by efficiency measures3
9M16 vs 9M15 revenue growth: -34% to IDR 131 bn 2
EBITDA improved from IDR -235 bn in 9M15 to IDR -68 bn in 9M16 4
Synergy with Lippo retail, malls, residentials, hotels, hospitals 5
Economy of scale with First Media’s cable pay TV 6
9M16 Profit and Loss
in million IDR
Sep 30, 2016 Sep 30, 2015
Net Sales 12,992,065 13,336,972
COGS (10,568,392) (10,734,681)
Gross Profit 2,423,673 2,602,291
Net Profit (Loss) 903,538 (824,315)
Attributable to owners
of the parents889,992 (853,604)
Attributable to non-
controlling interests13,546 29,289
Balance Sheet as of Sep 30, 2016
in million IDR
Sep 30, 2016 Dec 31, 2015
Total Assets 23,516,996 22,472,352
Total Liabilities 14,047,883 13,821,171
Total Equity 9,469,113 8,651,181