Pt Hartadinata Abadi Tbk · IDX:HRTA
Pt Hartadinata Abadi Tbk — Investor Presentation (March 2026)
30 slides from Pt Hartadinata Abadi Tbk's investor presentation, March 2026
Slide 1: Corporate Presentation: Business Prospects of HRTA in Bullion Bank Ecosystem
CORPORATE PRESENTATION “Business Prospects of HRTA as a Key Player in the Bullion Bank Ecosystem of Indonesia” MARCH 2026
Slide 2: HRTA at a glance
HRTA’s What’s Next? Role in Bullion Bank FY25 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: Integrated Factory
INTEGRATED FACTORY Previous Capacity New Capacity 4 Factories + 1 Refinery : 48 Tons Integrated Factory & Refinery : 60 Tons • Jewellery & Bullion Manufacturing : 30 tons • Jewellery & Bullion Manufacturing : 30 tons • Refinery : 18 tons • Refinery : 30 tons Moving forward, HRTA is taking steps to b
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 50.0% HRTA Jewellery Sales (Pure Gold Tonnes) HRTA's Jewellery Market Share 90.0 40.0% 6.00 20.00% 42.9% 18.33% 80.0 18.00% 30.0% 5.00 70.0 20.3% 24.3% 15.54% 16.00% 20.0% 14.47% 14.84% 14.00% 60.0 4.00 13.09% 8.9% 10.0% 12
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 FY25 84 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 FY25 133 stores
Slide 12: Ecosystem Omni-Channels
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 84 Retail Stores HRTA Store Coverage area : West Java, Greater Jakart
Slide 13: FY25 Financial Highlight
HRTA’s What’s Next? Role in Bullion Bank FY25 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 – February 2026 Daily Average Price (in IDR/gram) Daily Average Price (in USD/troyounce) % growth (in IDR/gram) 89.17% 3,000,000 6,000.0 79.76% 2,711,188 83.00% 78.31% 5015.22 73.25% 2,500,000 5,00
Slide 15: Solid Performance
SOLID PERFORMANCE Revenue in IDR bn (LHS) Net Income in IDR bn (RHS) 45,000.00 +144.39% 40,000.00 1,050.00 +121.29% 35,000.00 850.00 30,000.00 25,000.00 650.00 20,000.00 +41.78% 15,000.00 +44.60% 450.00 +85.84% 10,000.00 +20.62% +32.08% +27.91% +26.56% 250.00 +30.70% 5,000.00 +14.03% +13.32% - 50.00
Slide 16: Income Statement
30% 20% INCOME STATEMENT 10% 0% 0.68% 1Q25 9.21% 1Q24 Refining Services Profit or Loss Highlight (IDR bn) FY25 FY24 % YoY Revenue Loan interest and administration revenues from pawn business Sales with Partners Sales 44,548.42 18,228.63 144.39% Breakdown Gold sold to Stores Gold sold to Wholesaler E
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 : Rp1.53 trillion Cash+ Raw Materials Raw Material: 692.82 Rp3.88 trillion = Rp5.41 trillion -> Cash & cash Total Liabilities: eqv Rp4.03 trillion 95%
Slide 18: Profitability & Manageable Debt
PROFITABILITY & MANAGEABLE DEBT Positive trend in profitability and debt management ROA (%) ROE (%) Int. Bearing Debt/Equity (x) 1.45 7.76% 1.41 1.39 7.42% 30.29% 6.08% 18.82% 15.50% 2023 2024 2025 2023 2024 2025 2023 2024 2025
Slide 19: Production & Utilization
PRODUCTION & UTILIZATION Production Volume (Kg) Utilization Rate 30,000 *2017-2022 Manufacturing Capacity: 30 tons 57.00% 2023 Manufacture + Refinery Casting Capacity: 39 tons 2024 Capacity: 42 tons 25,000 2025 Capacity: 48 tons 51.92% 52.00% 2026 Capacity: 60 tons 20,000 47.00% 45.69% 43.67% 15,000
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
Slide 21: Operating Performance & Valuation
OPERATING PERFORMANCE & VALUATION Chow Tai Fook Titan Co Ltd PNJ HRTA Operating and Efficiency* China India Vietnam Indonesia ROA (%) 7.16 9.09 13.39 9.39 ROE (%) 22.69 36.64 19.04 27.13 Gross Margin (%) 29.51 19.28 20.85 4.72 Operating Margin (%) 15.74 9.40 8.57 3.97 Net Margin (%) 6.68 6.27 6.90 2
Slide 22: HRTA's Role in Bullion Bank Ecosystem
HRTA’s What’s Next? FY25 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: Why Bullion Bank Matters?
Why Bullion Bank Matters? Maximizing Indonesia’s Gold Commodity Value Gold Resources Financial System Economic Value Indonesia has significant gold resources Bullion banking transforms gold from a • Unlocking the gold commodity value with est 3,600 tonnes and yearly gold physical commodity into a fi
Slide 25: Role of HRTA
Role of HRTA Having a Strategic Position in the Ecosystem HRTA’s Contribution Hartadinata is well positioned to become a trusted domestic gold supplier for Bullion Banks Strategic Impact: through: Bullions Banks • Supports local sourcing Local Gold Miners • Reduces dependency on • Integrated from mi
Slide 26: Supply Chain Integration
Supply Chain Integration How HRTA Integrate from Mine into Vault of Bullion Banking Key integration points for private producers: Sourcing Processing Custody Financial Linkage HRTA has a multi-sourcing Supported by refining & Establishing secure Providing physical gold of gold supply from gold manuf
Slide 27: From Gold Producer to Ecosystem Enabler
From Gold Producer to Ecosystem Enabler Hartadinata’s role extends beyond production,supporting trust, structure, and long-term sustainabilitywithin Indonesia’s bullion banking ecosystem. HRTA GOLD — The Gold You Can Trust
Slide 28: What's Next?
HRTA’s What's Next? Role in Bullion Bank FY25 Ecosystem Financial Highlight HRTA at a glance
Slide 29: What's Next: Branding, Production, Retail Network
OPTIMIZING MULTI-CHANNEL MARKET PENETRATION “HRTA GOLD” BRANDING Leveraging an integrated multi- HRTA Gold is positioned as ”the channel approach through expanded gold you can trust” for safe-haven owned retail network and distribution asset and designed to meet rising across digital platforms and s
Slide 30: 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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