Investor Presentaiton
Summary
Operating &
Financial
Metrics
In IDR Billions,
unless otherwise stated
On-demand services
E-commerce
Financial technology
For The Three Months Ended
June 30,
For The Six Months Ended
June 30,
2023
2022¹
2023
2022¹
13,242
14,491
26,980
28,908
58,685
67,343
121,485
132,478
90,482
87,317
182,003
164,767
Logistics
n/a
n/a
n/a
n/a
All other segments
718
338
1,029
351
Adjustments and eliminations
(19,388)
(18,952)
Group GTV
143,739
150,537
(39,220)
292,277
(35,969)
290,535
On-demand services
2,880
2,783
5,868
5,452
E-commerce
2,220
2,047
4,480
3,919
Financial technology
399
390
823
728
Logistics
562
510
1,142
1,029
All other segments
29
62
97
116
Adjustments and eliminations
(257)
(285)
(596)
(506)
Group Gross Revenues
5,833
5,507
Take rate
4.1%
3.7%
11,814
4.0%
10,738
3.7%
Incentives to customers
(2,281)
(3,604)
(4,930)
Group Net Revenues
Total cost of revenues
3,552
1,903
6,884
(7,338)
3,400
(1,222)
(1,255)
(2,575)
(2,471)
Sales and marketing expenses²
(1,253)
(2,616)
(2,538)
(5,378)
Others³
(32)
(55)
(90)
(111)
Contribution Margin
1,045
(2,023)
1,681
(4,560)
As Percentage of Gross Revenues
18%
(37)%
14%
(42)%
Non-variable expenses
(2,436)
(5,187)
(6,411)
Other (expenses)/income (ex. interest exp/ income)
(1,318)
271
(1,501)
(9,683)
1,360
Group EBITDA
(2,709)
(6,939)
Adjustments
1,501
2,616
(6,231)
3,426
(12,883)
3,701
Group Adjusted EBITDA
As Percentage of Gross Revenue
(1,208)
(21)%
(4,323)
(78)%
(2,805)
(9,182)
(24)%
(86)%
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2Q 2023
Notes:
1. 2022 figures have been aligned to follow current segment presentation
2. A portion of sales and marketing expenses relating to the promotional excess and product marketing
3. Others consists mainly of withholding taxes related to sales and marketing expenses and other insignificant expenses
4. Non-variable expenses are a portion of sales and marketing expenses, general and administrative expenses, operational and support expenses and product development expenses
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