BUSINESS UPDATE PT Multipolar Tbk December 2015
Multipolar at-a-glance Consolidated Non-consolidated Listed in Jakarta Stock Exchange (MLPL) Market Cap: IDR 2.6tn (USD 186mm) 1) Retail Telecommunication, Multimedia & Technology (TMT) Other Businesses & Investments Indonesia Food Retail Department Store China Retail Operations Retail Others IT Services Multimedia Other TMT Others Properties Matahari Putra Prima (MPPA) 50.2% share Mkt Cap: IDR 9.8tn (USD 0.7bn) 1) Mkt share: 35.5% 2) 112 Hypermarts 72 Foodmarts 108 Boston 1 Smartclub 5) Matahari Dept. Store (MDS) 20.5% share Mkt Cap: IDR 51tn (USD 3.7bn) 1) Mkt share: 34.4% 2) 142 stores 5) Robbinz Department Store Wholly owned 4 Robbinz Department Stores 5) Timezone 50.01% indirect share 88 stores 5) Books & Beyond Wholly owned 37 bookstores 5) Multipolar Technology 80.0% share IT consulting, hardware, software & application system provider to integration & maintenance services Mkt Cap: IDR 2.1tn (USD 153mm) 1) VisioNet 80% indirect share IT outsourcing; operational and support solutions First Media 33.7% indirect share Mkt Cap: IDR 3.3tn (USD 235mm) 1) LinkNet FM owns 41% share Broadband internet, cable TV, data comm PT IMTV 65.0% indirect share Satellite TV provider PT Tecnoves Int l 85.0% indirect share Satellite operator Multifiling Mitra Indonesia (MMI) 33% indirect share Mkt Cap: IDR 141bn (USD 10.2mm) 1) Document management Others Nobu Bank 20.95% indirect share Mkt Cap: IDR 1.9tn (USD 135.1mm) 1) Matahari Pacific Nadya Putra Investama Wholly owned FY 2015 Revenue Breakdown 3) 12.8% 3.1% Data Center 64.0% indirect share Notes: 1) As of Dec 31, 2015; USD 1 = IDR 13,864 2) Source: Euromonitor 3) Includes contribution from consolidated entities only 4) Major contributors of other businesses are Multifiling & properties business. 5) Updated per 31 December 2015 84.1% 4) 2
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. 1 2 3 4 5 6 Largest hypermarket network in Indonesia: 112 stores in 68 cities Opened 33 new stores in FY15 to total 293 multiformat stores FY15 vs FY14 total sales growth: 2.5% to IDR 13.9 tn FY15 vs FY14 same-store sales growth: -1.9% FY15 vs FY14 net profit growth: -67.0% to 183 bn New formats: Foodmart Primo, SmartClub, Foodmart Express (FMX) 3
Matahari Department Store (LPPF) Multipolar owns 20.5% of Matahari Department Store, the #1 department store in Indonesia based on market share 2) and brand awareness with a proven low risk, high-return business model 1 2 3 4 5 6 Largest dept store network in Indonesia: 142 stores in 66 cities Largest market share in Indonesia: 34.4% vs. 23.1% nearest comp Opened 11 new stores in FY15 FY15 vs FY14 ttl sales growth: 10.8% to IDR 16 tn (4Q15: 12.4%) FY15 vs FY14 same-store sales growth: 6.8% (4Q15: 7.6%) FY15 vs FY14 net profit growth: 25.5% to IDR 1781 bn 4
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 1 2 3 4 5 6 Largest system integrator in Indonesia since 1975 FY15 vs FY14 ttl sales growth: 8.9% to IDR 2.1 tn FY15 vs FY14 net profit growth: 44.9% to IDR 97.2 bn Trusted world-class brands IBM, Cisco, Oracle, Microsoft 133 service points in over 125 cities, 1,100 personnels Partners with Mitsui to build tier-4 ready data center (July 2016) 5
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 base amidst 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. 1 2 3 4 5 Largest bandwidth: 7 transponders Largest channels offering: 124 channels incl 46 HD channels FY15 vs FY14 revenue growth: 36% to IDR 249 bn Synergy with Lippo retail, malls, residentials, hotels, hospitals Economy of scale with First Media s cable pay TV 6
Balance Sheet per December 31, 2015 (IDR million) Dec 31, 2015 Dec 31, 2014 Total Assets 22,733,802 22,802,489 Total Liabilities 13,821,171 12,515,176 Total Equity 8,912,631 10,287,313 7
Profit and Loss FY15 (IDR million) Net Sales COGS Gross Profit Net Profit (Loss) Attributable to owners of the parents Attributable to non-controlling interests Dec 31, 2015 Dec 31, 2014 17,866,942 17,074,247 (14,590,058) (14,043,445 ) 3,276,884 3,030,802 (1,246,531) 2,108,188 (1,205,177) 1,894,642 (41,354 ) 213,546 8
2015 Dividend Income Source MDS MPPA Nadya Putra Matahari Pacific MLPT Lippo Karawaci Sharestar Amount 175 bn 147.6 bn 19.9 bn 9.9 bn 8.6 bn 6.9 bn 1.5 bn 9
Dividend Policy Matahari Putra Prima - Net profit up to IDR 100 bn: 15% - Net profit over IDR 100 bn: 20% Over the past 5 years, payout ratios have averaged 30% of net profit Matahari Department Store - 40-50% of net profit Multipolar - Net profit up to IDR 100 bn: 10-15% - Net profit over IDR 100 billion: 15-25% 10
Shareholding Structure Cyport Limited 100% Grandhill Asia Limited Public 26.97% 5.05% 67.98% PT Multipolar Tbk (MLPL) Source: Company materials, filings. 11