PT AKR Corporindo Tbk (AKRA) Corporate Presentation August 2024 summary

Business overview and strategy

• Operates as a leading logistics and supply chain company serving industrial and retail sectors, with a proven business model and consistent performance.

• Monetizes integrated industrial estate and port (JIIPE) as a recurring income base, targeting significant FDI inflows.

• Expands infrastructure in Eastern Indonesia, retail fuel network (AKR BP), and new business lines including aviation fuel and lubricants.

• Recognized for sustainability initiatives and future green energy projects.

• Maintains a strong balance sheet, robust cash flow, and consistent dividend payments.

Financial performance and shareholder returns

• Achieved a 23% CAGR in market cap over 30 years, with 2024 market cap at IDR 32 trillion.

• Net profit grew at a 31% CAGR (2019–2023), reaching IDR 2.78 trillion in 2023.

• 1H 2024 EBITDA: IDR 1,003 billion; gross profit: IDR 1,424 billion; ROE (TTM): 18%.

• Maintains low net gearing (0.00 in 1H 2024) and strong cash position (17% of total assets).

• Consistent dividend payout, with over IDR 8.2 trillion distributed in 7 years and a payout ratio above 60%.

Logistics, distribution, and retail expansion

• Operates 819,000 KL storage across 17 major ports, 14 vessels, and 250 trucks, supported by a robust IT platform.

• Distributes petroleum and basic chemicals nationwide, serving over 2,000 industrial customers.

• Retail fuel network (bp AKR) reached 53 outlets in 1H 2024, targeting 35–40 new outlets in 2024.

• Committed to government-subsidized fuel distribution, operating 106 outlets including in remote areas.

• Retail fuel market offers significant growth potential, with private sector share at only 2%.