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BUSINESS UPDATEPT Multipolar Tbk
September 2015
Multipolar at-a-Glance
2
PT IMTV 65.0% indirect share Satellite TV
provider
PT Tecnoves Int’l 85.0% indirect share Satellite operator
• Listed in Jakarta Stock Exchange (MLPL)• Market Cap: IDR 3.1tn (USD 210mm)1)
Matahari Putra Prima (MPPA)
50.2% share
Mkt Cap:IDR 10.3tn(USD 0.7bn)1)
Mkt share: 35.5%2)
109 Hypermarts71 Foodmarts105 Boston5)
Retail
Indonesia Food Retail
China Retail Operations
Robbinz Department Store & Hipermart
Wholly owned
4 RobbinzDepartment Stores5)
Telecommunication, Multimedia & Technology (TMT)
Multipolar Technology 80.0% share IT consulting, hardware, software
& application system provider to integration & maintenance services
Mkt Cap: IDR 2.9tn(USD 196mm)1)
VisioNet
80% indirect share
IT outsourcing; operational and support solutions
Data Center• 64.0% indirect share
IT Services Multimedia
First Media
33.7% indirect share
Mkt Cap:IDR 3.7tn(USD 248mm)1)
LinkNet
FM owns 41% share
Broadband internet, cable TV, data comm
Other Businesses & Investments
Department Store
Matahari Dept. Store(MDS)
20.5% share
Mkt Cap:IDR 47tn(USD 3.2bn)1)
Mkt share: 34.4%2)
140 stores5)
Timezone
• 50.01% indirect share
• 88 stores5)
Books & Beyond
Wholly owned
36 bookstores5)
Other TMT Others
Multifiling MitraIndonesia (MMI)
33% indirect share
Mkt Cap:IDR 199bn(USD 13.5mm)1)
Documentmanagement
Others
Nobu Bank• 20.95% indirect share• Mkt Cap:
IDR 3tn(USD 206.9mm)1)
Notes:
1) As of Sep 30, 2015; USD 1 = IDR 14,730
2) Source: Euromonitor
3) Includes contribution from consolidated entities only
4) Major contributors of other businesses are Multifiling &
properties business.
5) Updated per 30 September 2015
Consolidated Non-consolidated
RetailOthers
9M 2015 RevenueBreakdown3)
4)
Properties
MatahariPacific
Nadya PutraInvestama
Wholly owned
84.7%
12.4%
2.9%
Matahari Putra Prima (MPPA)
3
Multipolar owns 50.2% of MPPA, operator of the fastest growing hypermarket chain in Indonesiawith an extensive store portfolio of hypermarkets, supermarkets and health & beauty stores across Indonesia.
New formats: Foodmart Primo & SmartClub6
9M15 vs 9M14 net profit growth: -15.22% to 245.6 bn5
9M15 vs 9M14 same-store sales growth: -0.3% (weak market condition)4
9M15 vs 9M14 total sales growth: 3.8% to IDR 10.4 tn 3
Opened 25 new stores in 9M15 to total 285 multiformat stores 2
Largest hypermarket network in Indonesia: 109 stores in 67 cities1
Matahari Department Store (LPPF)
4
Multipolar owns 20.5% 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
9M15 vs 9M14 net profit growth: 30.5% to IDR 1384 bn6
9M15 vs 9M14 same-store sales growth: 6.6% (3Q15: -0.1%)5
9M15 vs 9M14 ttl sales growth: 10.2% to IDR 12.1 tn (3Q15: 4.4%) 4
Opened 9 new stores in 9M153
Largest dept store network in Indonesia: 140 stores in 66 cities1
Largest market share in Indonesia: 34.4% vs. 23.1% nearest comp2
Robbinz Department Store (China)
5
Multipolar wholly owns Robinz Department Store in China
Hipermart (4 stores) closed down in June 20153
4 stores in 4 cities: Tianjin, Chengdu, Yangzhou, Shenyang 1
9M15 vs 9M14 sales growth: 21.3% to equiv IDR 1.9 tn2
Tianjin Chengdu Yangzhou Shenyang
Multipolar Technology (MLPT)
6
Multipolar owns 80% of Multipolar Technology, which provides end-to-end IT services to Indonesiancorporate clients with special focus on the financial, Telecom & natural resources industries
9M15 vs 9M14 net profit growth: 97.5% to IDR 78.8 bn3
9M15 vs 9M14 ttl sales growth: 21.2% to IDR 1.5 tn2
Over 150 service points in over 125 cities, 1,100 personnels 5
Largest system integrator in Indonesia since 19751
Trusted world-class brands – IBM, Cisco, Oracle, Microsoft 4
Partners with Mitsui to build tier-4 ready data center (July 2016) 6
Indonesia Media Televisi (BigTV)
7
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 distributionnetwork, dynamic sales and marketing campaigns, as well as a robust installation capacity.
Largest bandwidth: 12 transponders1
9M15 vs 9M14 revenue growth: 66% to IDR 199 bn3
Largest channels offering: 188 channels incl 24 HD channels2
Synergy with Lippo retail, malls, residentials, hotels, hospitals 4
Economy of scale with First Media’s cable pay TV 5
8
Sep 30, 2015 Dec 31, 2014(IDR million)
Total Assets
Total Liabilities
Total Equity
22,787,532
12,515,175
10,272,357
23,018,237
13,712,627
9,305,610
Balance Sheet per September 30, 2015
9
Profit and Loss 9M15
Sep 30, 2015 Sep 30, 2014
13,337,973 12,430,257
(10,756,530) (10,123,555)
2,581,443 2,306,702
(839,739 ) 224,304
(849,908 ) 72,188
10,169 152,116
Net Sales
COGS
Gross Profit
Net Profit
Attributable to owners of the parents
Attributable to non-controlling interests
(IDR million)
10
2015 Dividend Income
Amount
175 bn
147.6 bn
19.9 bn
9.9 bn
MDS
MPPA
Nadya Putra
Matahari Pacific
8.6 bnMLPT
Source
6.9 bnLippo Karawaci
1.5 bnSharestar
11
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 haveaveraged 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%
12
Source: Company materials, filings.
26.97% 5.05%
100%
67.98%
Cyport Limited
Grandhill Asia Limited
Public
PT Multipolar Tbk
(MLPL)
Shareholding Structure