Operational Excellence and Employee Training Overview
PROFITABILITY (IDR bn, %)
MAP
Mitra Adiperkasa
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
3Q21 4Q21
1Q22
Gross Margin
45.8%
36.2%
40.5%
40.7%
41.7%
43.5%
38.2%
42.1%
42.9%
I
EBITDA Margin
16.8%
6.2%
14.3%
18.2%
16.9%
21.7%
8.3%
22.6%
18.2% i
I
EBIT Margin
3.7%
-22.6%
-3.3%
7.7%
4.4%
10.3%
-10.0%
13.3%
8.7%
QUARTERLY
I
846
EBIT
175
496
357
188
488
1Q20
2Q20
3Q20
4Q20
1Q21
2Q21
(113)
3Q21
(296)
4Q21
1Q22
(476)
TIMELINE
Pre-COVID
Jan-Feb'20
still normal
ā
Beginning of COVID
in Mar'20
Malls closure
Mar-Jun 20
(1st PSBB Apr'20)
"
Since malls allowed to reopen in mid-Jun'20, there
are still limitations in traffic capacity and adjustment
in operating hours to date (in malls and F&B dine-ins).
COVID-19 vaccine started to be rolled out in Jan'21
Malls closure
Jul-Aug'21
(Emergency PPKM)
Gradual relaxation
11
since mid-Aug
11
PPKM relaxed
as COVID-19
daily cases eased
Jabodetabek
level 1 in Nov-Dec
Slightly tighter
PPKM in Feb'22
due to Omicron
variant,
then being
relaxed since
Mar'22
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