27 November 2023

ROTI Public Expose 2023 9M/2023 Sales at Rp2.8T ROTI Business Remains Promising

Jakarta, 27 November 2023 – PT Nippon Indosari Corpindo Tbk. (ticker code: ROTI), producer of “Sari Roti” dan “Sari Kue”, has held the 2023 Public Expose this afternoon.

The board represented by Arlina Sofia and Ida Apulia Simatupang accompanied by the Head of Investor & Public Relations, Hadi Susilo, virtually presented the Company's performance and business prospects.

The Company along with another 45 listed companies, was selected to participate in the "Public Expose Live 2023" event held by the Indonesia Stock Exchange (BEI) in collaboration with the Indonesian Clearing and Guarantee Corporation (KPEI) and the Indonesian Central Securities Depository (KSEI).

It was disclosed that the Company recorded Net Sales of Rp2.837 trillion for 9M/2023, slightly down by 0.9% from last year but still 16.5% higher compared to the same period in 2021. It began in 1Q/2023 when extreme weather challenges affected product distribution and sales. Likewise, the national bread consumption declined in 2Q/2023 during the fasting month that mostly falling in April. Until the Net Sales saw a significant increase in 3Q/2023, reaching Rp1.014 trillion, marking a 15% QoQ growth.

The company is committed in maintaining production cost efficiency and effective operational expenses. The Gross Profit Margin continued to rise from 52.9% at the beginning of the year to reach 55.0% in 3Q/2023. The Net Profit Margin saw a substantial increase, more than doubling from 5.2% to 11.0% in 3Q/2023.

As reflected in the Financial Report of 9M/2023, the Company achieved a Net Profit of Rp230 billion. "We acknowledge that the good performance in 3Q/2023 is not sufficient to surpass the Net Profit of 9M/2023 compared to last year. However, with these results, we are optimistic to achieving business growth in the future," said Ida Apulia Simatupang, Director of the Company.

The Company operates 14 strategically located plants with a total capacity of 5.1 million breads per day. Meanwhile, Pekanbaru Plant which will be the 15th, is expected to complete its construction process soon. Until 9M/2023, the company has bursed Capital Expenditures of Rp107.7 billion, 57.5% of the realization in 2022.

"We believe that the prospects for mass-scale bread and cake in Indonesia are still significantly wide. It is our commitment to offer halal, high quality, and affordable products for the Indonesian families," closing remarks from Arlina Sofia, Director of the Company.

PT Nippon Indosari Corpindo Tbk.
Wisma GKBI Lt. 12 Suite 1217
Jl. Jend. Sudirman No.28
Central Jakarta

About the Company:
PT Nippon Indosari Corpindo Tbk. (ticker code: ROTI), the first and largest mass-produced bread company in Indonesia with its brands “Sari Roti” and “Sari Kue” currently operates 14 plants strategically located across Indonesia. The Company is committed to implement the ISO standards of Food Safety Management System and Quality Management System. Establishing a network of modern and traditional channels to distribute a variety of halal, high quality and affordable products to all Indonesian Families. Visit www.sariroti.com for more details about the Company.