PT Hartadinata Abadi Tbk · IDX:HRTA
PT Hartadinata Abadi Tbk — Investor Presentation (July 2025)
33 slides from PT Hartadinata Abadi Tbk's investor presentation, July 2025
Slide 1: Corporate Presentation
CORPORATE PRESENTATION “Business Prospects of HRTA as a Key Player in the Bullion Bank Ecosystem of Indonesia” July 2025
Slide 2: HRTA at a glance
HRTA’s What’s Next? Role in Bullion Bank 1H25 Ecosystem Financial Highlight HRTA at a glance
Slide 3: HRTA at a glance
HRTA AT A GLANCE The most integrated gold jewellery and gold bar player from midstream to downstream company in Indonesia INNOVATIVE PRODUCT Varied and innovative gold products, designed with creativity and technology, cater to all market segments. Easy and secure gold investment options range up to
Slide 4: Corporate structure
CORPORATE STRUCTURE Most integrated and well-diversified business model 99% 99% 99% Refinery Pawn Holding PT. Emas Karya Abadi 99% 99% 99% 99% 99% 99% Operating in East Java Operating in West Nusa Tenggara Operating in East Nusa Tenggara Operating in Sulawesi Operating in DKI Jakarta Operating in We
Slide 5: Our factories
OUR FACTORIES Pabrik Sukamenak 5 Pabrik Sukamenak 2 • Capacity: 4.5 ton • Capacity: 6 ton • Product: 70%-75% Gold Jewellery • Product: 75% Gold Jewellery Pabrik Sukamenak 1 • Capacity: 7,5 ton • Product: 30%-75% Gold Jewellery Pabrik Sapphire • Capacity: 12 ton • Product: 99.99% Gold Jewellery Refin
Slide 6: Diversified business
DIVERSIFIED BUSINESS s h Ca l d Go l d Go l d Go Ca sh Go ld The gold shop business uses gold as a means of payment, so the cash received will be converted to gold. Source : Company, Google, Dall-E
Slide 7: Gold value chain
GOLD VALUE CHAIN UPSTREAM MIDSTREAM DOWNSTREAM INPUT INPUT Gold Ore From Local Miners 99,99% Gold Scrap Casted Bar / Granule Wholesale & Retail PROCESS PROCESS Smelting Gold Refinery Gold Manufacturing Gadaiku (Pawn Business) PT. Emas Murni Abadi (EMA) PT Hartadinata Abadi, Tbk. (HRTA) OUTPUT OUTPUT
Slide 8: Product innovation
PRODUCT INNOVATION #EMASKUMASADEPANKU Source Image: Company
Slide 9: Growing market share
GROWING MARKET SHARE 100.0 Total Indonesia Gold Demand (Tonnes) % YoY Growth 0.5 HRTA Jewellery Sales (Pure Gold Tonnes) HRTA's Jewellery Market Share 90.0 0.4 6.00 20.00% 42.9% 18.33% 18.00% 80.0 0.3 5.00 70.0 20.3% 24.3% 15.54% 16.00% 0.2 14.47% 14.84% 14.00% 60.0 4.00 13.09% 8.9% 0.1 12.00% 50.0
Slide 10: Jewellery store expansion
JEWELLERY STORE EXPANSION Kalimantan Sulawesi DIY & Central Java Sumatera Nusa Tenggara Greater Jakarta & West Java East Java 2017 12 stores 2019 44 stores 2021 68 stores 2023 85 stores 1H25 93 stores 2018 26 stores 2020 65 stores 2022 78 stores 2024 85 stores
Slide 11: Pawn store expansion
PAWN STORE EXPANSION Sulawesi NTB West Java & DKI Jakarta NTT East Java 2018 3 stores 2020 64 stores 2022 82 stores 2024 105 stores 2019 16 stores 2021 67 stores 2023 91 stores 1H25 114 stores
Slide 12: Ecosystem omni-channels partners
ECOSYSTEM OMNI-CHANNELS DISTRIBUTION OF GOLD JEWELLERY & PAWN BUSINESS STRATEGIC PARTNERSHIP & BUSINESS ALLIANCES 80+ 900+ All Over partners partners partners Partners in RAW MATERIAL wholesalers retail shops INDONESIA PROCUREMENT 93 Retail Stores HRTA Store Coverage area : West Java, Greater Jakart
Slide 13: 1H25 Financial Highlight
HRTA’s What’s Next? Role in Bullion Bank 1H25 Ecosystem HRTA Financial Highlight at a glance
Slide 14: Gold price in USD vs IDR
GOLD PRICE IN USD VS IDR Comparison of the average of gold price growth in rupiah and in USD from 2010 - 2024 Daily Average Price (in IDR/gram) Daily Average Price (in USD/troyounce) % growth (in IDR/gram) 42.13% 2,000,000 3,280.4 3,500.0 43.00% 40.73% 1,800,000 3,000.0 1,600,000 1,741,837 33.00% 30
Slide 15: Solid performance
SOLID PERFORMANCE Revenue in IDR bn (LHS) Net Income in IDR bn (RHS) 20,000.00 +41.78% 18,000.00 540.00 16,000.00 +82.63% +44.60% 14,000.00 440.00 +85.84% 12,000.00 +69.49% 340.00 10,000.00 +20.62% +32.08% 8,000.00 +30.70% 240.00 +26.56% 6,000.00 +27.91% +13.32% +14.03% 4,000.00 140.00 2,000.00 - 40
Slide 16: Income statement
30% 20% INCOME STATEMENT 10% 0% 0.68% 1Q25 9.21% 1Q24 Refining Services Profit or Loss Highlight (IDR bn) 1H25 1H24 % YoY Revenue Loan interest and administration revenues from pawn business Sales with Partners Sales 15,051.32 8,241.38 82.63% Breakdown Gold sold to Stores Gold sold to Wholesaler Exp
Slide 17: Gold backed balance sheet
GOLD BACKED BALANCE SHEET A solid liquidity position in fulfilling the Company's obligations Current Assets (IDR bn) Non-Current Assets (IDR bn) Cash : Rp350 billion Cash+ Raw Materials Raw Material: 514.48 Rp2.09 trillion = Rp2.44 trillion -> Cash & cash Total Liabilities: eqv Rp3,84 trillion 92% T
Slide 18: Profitability & manageable debt
PROFITABILITY & MANAGEABLE DEBT Positive trend in profitability and debt management ROA (%) ROE (%) Int. Bearing Debt/Equity (x) 10.24% 26.79% 1.53 1.45 1.41 7.42% 18.82% 6.08% 15.50% 2023 2024 1H25 2023 2024 1H25 2023 2024 1H25
Slide 19: Production & utilization
PRODUCTION & UTILIZATION Production Volume (Kg) Utilization Rate 25,000 47.00% *2017-2022 Manufacturing Capacity: 30 tons 2023 Manufacture + Refinery Casting Capacity: 39 tons 45.69% 45.00% 2024 Capacity: 42 tons 2025 Capacity: 48 tons 43.67% 20,000 43.00% 42.24% 41.00% 40.22% 15,000 39.00% 37.00% 3
Slide 20: Dividend policy
DIVIDEND POLICY DPS (IDR) Dividend Payout Ratio 30.00% 25 26.13% 25.00% 25.05% 24.56% 23.74% 20 22.59% 21.59% 21.80% 21.87% 20.00% 15 15.00% 10 10.00% 5 5.00% 6 7 8 8 10 12 15 21 0.00% 0 2017 2018 2019 2020 2021 2022 2023 2024 Consistent dividend distribution every year with a dividend yield of 3% t
Slide 21: Operating performance & valuation
OPERATING PERFORMANCE & VALUATION Chow Tai Fook Titan Co Ltd PNJ HRTA Operating and Efficiency* Hongkong/China India Vietnam Indonesia ROA (%) 5.21 11.94 12.21 8.05 ROE (%) 17.37 32.91 16.71 20.53 Gross Margin (%) 22.64 22.08 18.85 6.02 Operating Margin (%) 9.40 8.00 7.38 4.81 Net Margin (%) 4.62 5.
Slide 22: HRTA's Role in Bullion Bank Ecosystem
HRTA’s What’s Next? 1H25 Role in Bullion Bank Financial Highlight HRTA Ecosystem at a glance
Slide 23: Overview
Bullion Bank BSI Gold Cooperation with Pegadaian in regards of Indonesian Bullion Cooperation with Bank Bank Establishment Syariah Indonesia (BSI) on launching BSI Gold OVERVIEW Cost of Fund Efficiency LBMA Certification •Bank Loan from Mandiri In the process to acquire •IDR 1tn Corporate LBMA certi
Slide 24: Bullion Bank Indonesia
Bullion Bank Indonesia 2 1st License 2nd FUNCTIONS License OF BULLION BANK INDONESIA Jan 6, 2025 Targeted in 1H25 MAIN PLAYERS Gold Gold Gold Gold Others Deposits & Saving Custody Trading Financing Financial Services BACKGROUND THE ESTABLISHMENT 1. Indonesia’s Rich Gold Resources : Indonesia is the
Slide 25: Global vs Indonesia Paradox
Global vs Indonesia Paradox Gold Production (in tonnes) Export gold dore USD +5 billion/tahun 140.0 131.8 132.5 120.0 108.2 100.9 100.0 92.3 80.0 Indonesia is ranked 7th largest gold producer in the Import gold Bullion USD +2 billion/year 60.0 world in 2023 with gold 40.0 production of 132.5 tons. I
Slide 26: Global Background & Context
Global Background & Context • The world's central banks have continued to purchase 1,000 tons of physical gold bullion since 2022. The gold accumulation action of the world's central banks is expected to continue in 2025 amid the uncertainty of global economic and geopolitical conditions. In 2024, t
Slide 27: China Policy Becomes Bullion Bank Catalyst
China Policy Becomes Bullion Bank Catalyst Potential Bullion Demand from Indonesian Financial Pilot Project China 2025 Institutions • Ten Chinese Insurance companies including PICC Property & Casualty Co. Bank Umum** 12,147.17 and China Life Insurance Co., two of China's largest companies will be ab
Slide 28: Potential Value of Gold Business Ecosystem in Indonesia
Potential Value of Gold Business Ecosystem in Indonesia Upstream Midstream Gold Mining Production Manufacturing Production INDONESIA INDONESIA Total Production (2023) Downstream X Total Production (2024) ASP in Ton (2023) X ASP in Ton (2024) Total Gold Demand INDONESIA (2024) 132.5 x Rp960,8 bn 190
Slide 29: Economic Impact of Bullion Bank in Indonesia
Economic Impact of Bullion Bank in Indonesia Impact of functioning gold ecosystem Bullion Service will increase the money supply by up to (increased gold production) IDR 53 trillion (+0.75%) GDP Opening New Job GDP Consumption Investment (Impact from Gold Business) Opportunities (Impact from Money S
Slide 30: HRTA's Position in the Gold Business Value Chain
HRTA's Position in the Gold Business Value Chain UPSTREAM MIDSTREAM OFFTAKER FROM MINING (REFINERY) DOWNSTREAM LARGEST DISTRIBUTION FROM BOTH DOMESTIC AND INTERNATIONAL GOLD JEWELLERY AND GOLD BAR MANUFACTURING FACTORY
Slide 31: HRTA's What's Next?
HRTA’s What's Next? Role in Bullion Bank 1H25 Ecosystem Financial Highlight HRTA at a glance
Slide 32: What's next: Bullion Bank, LBMA, brand, design
BULLION BANK INDONESIA LBMA CERTIFICATION Boosting company Boosting company performance to be a key player performance to be a key player in the Bullion Bank Ecosystem in the Bullion Bank Ecosystem STRENGTHENING HRTA’S BRAND IMAGE ENGAGING LOCAL MINERS Enhancing HRTA’s brand image Enhancing HRTA’s b
Slide 33: Disclaimer
DISCLAIMER By attending this presentation, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. The information and opinions contained in this presentation are intended solely for your
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