SMRA Summarecon Agung Tbk.

[S]
COMPANY REPORT : JULY 2014
Main Board
Industry Sector : Property, Real Estate And Building Construction (6)
Industry Sub Sector : Property And Real Estate (61)

As of 25 July 2014
Individual Index
:
Listed Shares
:
Market Capitalization :

2,218.206
14,426,781,680
19,476,155,268,000

45 | 19.5T | 0.39% | 72.86%

53 | 4.14T | 0.49% | 80.05%

COMPANY HISTORY
Established Date
: 26-Nov-1975
Listing Date
: 07-May-1990
Under Writer IPO :
PT Danareksa Sekuritas
PT Multicor
Securities Administration Bureau :
PT Sirca Datapro Perdana
Wisma Sirca
Jln. Johar No.18, Menteng, Jakarta 10340
Phone : (021) 314-0032, 390-5920, 390-0645
Fax
: (021) 390-0671, 390-0652
BOARD OF COMMISSIONERS
1. Soetjipto Nagaria
2. Edi Darnadi *)
3. Esther Melyani Homan *)
4. Harto Djojo Nagaria
*) Independent Commissioners
BOARD OF DIRECTORS
1. Johanes Mardjuki
2. Adrianto Pitoyo Adhi
3. G.E. Lilies Yamin
4. Herman Nagaria
5. Lexy Arie Tumiwa
6. Liliawati Rahardjo
7. Sharif Benyamin
8. Soegianto Nagaria
9. Yong King Ching
AUDIT COMMITTEE
1. Edi Darnadi
2. Neneng Martini
3. Poespita Pelangiwati
CORPORATE SECRETARY
Michael Yong
HEAD OFFICE
Jln. Perintis Kemerdekaan No. 42
Jakarta Timur
Phone : (021) 489-2107, 471-4567
Fax
: (021) 489-2976, 471-4486
Homepage
Email

: www.summarecon.com
: corp_secretary@summarecon.com

SHAREHOLDERS (July 2014)

1. MEL BK NA S/A Stichting Dep Ap
2. PT Sinarmegah Jayasentosa
3. PT Semarop Agung
4. PT Semarop Agung
5. Public (<5%)

810,000,000
942,080,224
1,855,985,872
1,812,802,632
9,005,912,952

DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1990
1991
1992
1992
1993
1993
1994
1994
1995
1996
1996
2000
2001
2001
2002
2003
2005
2005
2005
2006
2007
2008
2009
2010
2011
2012
2013

Shares

Dividend
194.00
142.00
60.00
146.00

2:1
50 : 3
2:1
100 : 4

62.00
125.00
89.00
20.00
11.00

100 : 3
25.00
30.00
10 : 1
10.00
15.00
18.00
15.00
5:2

1:1

13.00
11.00
3.00
8.00
10.00
23.00
43.00
23.00

Cum Date
31-May-91
16-Jul-92
13-Jul-93
19-Jul-93
16-Feb-94
22-Jul-94
15-Dec-94
21-Jul-95
09-Jul-96
28-Jul-97
28-Jul-97
24-Jul-01
15-Jul-02
15-Jul-02
15-Jul-03
16-Jul-04
18-Jul-05
13-Jul-06
13-Jul-06
08-Jun-07
21-May-08
30-Jun-09
27-May-10
28-Jun-11
27-Jun-12
26-Jun-13
10-Jul-14

Recording
Date
10-Jun-91
24-Jul-92
21-Jul-93
27-Jul-93
24-Feb-94
01-Aug-94
23-Dec-94
01-Aug-95
18-Jul-96
06-Aug-97
06-Aug-97
01-Aug-01
19-Jul-02
19-Jul-02
18-Jul-03
21-Jul-04
20-Jul-05
18-Jul-06
18-Jul-06
13-Jun-07
26-May-08
03-Jul-09
02-Jun-10
04-Jul-11
02-Jul-12
01-Jul-13
15-Jul-14

Ex Date
03-Jun-91
17-Jul-92
14-Jul-93
20-Jul-93
17-Feb-94
25-Jul-94
16-Dec-94
24-Jul-95
10-Jul-96
29-Jul-97
29-Jul-97
25-Jul-01
16-Jul-02
16-Jul-02
16-Jul-03
19-Jul-04
19-Jul-05
14-Jul-06
14-Jul-06
11-Jun-07
22-May-08
01-Jul-09
31-May-10
30-Jun-11
28-Jun-12
27-Jun-13
11-Jul-14

:
:
:
:
:

5.00%
6.00%
12.00%
12.00%
65.00%

Payment
Date
25-Jul-91
24-Aug-92
31-Jul-93
27-Aug-93
23-Mar-94
01-Sep-94
16-Jan-95
30-Aug-95
16-Aug-96
04-Sep-97
04-Sep-97
20-Aug-01
02-Aug-02
02-Aug-02
21-Jul-03
04-Aug-04
03-Aug-05
01-Aug-06
01-Aug-06
27-Jun-07
09-Jun-08
17-Jul-09
15-Jun-10
18-Jul-11
16-Jul-12
15-Jul-13
05-Aug-14

F/I
F
F
F
F
B
F
I
F
F
F
S
F
F
F
F
F
F
S
I
F
F
F
I
F
B
F

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

Type of Listing
First Issue
Partial Listing
Bonus Shares
Stock Dividend
Company Listing
Stock Dividen
Stock Split
Additional Listing without RI
Right Issue
Warrant

Shares
6,667,000
16,666,700
11,282,833,556
6,000,000
64,999,300
50,345,760
1,664,183,040
433,926,000
459,014,453
442,145,871

T:

T:
T:
T:
T:

Listing
Date
07-May-90
26-Jan-94
24-Mar-94
12-Sep-94
17-Jan-95
19-Aug-96
11-Nov-96
17-Nov-05
25-Jul-07
17-Jan-08

:
:
:
:

Trading
Date
07-May-90
26-Jan-94
15-Jul-13
12-Sep-94
17-Jan-95
02-Aug-02
12-Aug-02
23-Oct-12
25-Jul-07
25-Jun-10

SMRA Summarecon Agung Tbk. [S]

Closing
Price*

Closing Price
Volume
(Mill. Sh)

1,600

480

1,400

420

1,200

360

1,000

300

800

240

600

180

400

120

200

60

Jan-10

Jan-11

Jan-12

Jan-13

Jan-14

Closing Price*, Jakarta Composite Index (IHSG) and

Property, Real Estate and Bulding Construction Index
January 2010 - July 2014

Freq.

Volume

Value

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Summarecon Agung Tbk. [S]
January 2010 - July 2014

Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

High
740
780
920
1,000
980
910
940
1,010
1,110
1,220
1,300
1,190

Low
570
670
710
810
660
720
830
880
910
1,030
1,100
1,050

Close
700
720
830
980
770
850
930
920
1,100
1,130
1,160
1,090

(X)
6,799
6,898
6,971
6,857
6,680
4,705
5,792
7,642
6,823
8,480
5,199
12,986

Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

1,110
1,030
1,160
1,260
1,270
1,200
1,320
1,310
1,310
1,170
1,200
1,250

850
840
940
1,090
1,080
1,080
1,080
1,020
920
870
990
1,030

870
1,000
1,160
1,260
1,140
1,140
1,280
1,210
1,000
1,170
1,060
1,240

12,964
6,850
5,439
3,639
6,300
4,541
9,010
6,023
6,699
5,327
2,210
4,877

350,348
215,422
127,664
58,216
135,128
104,888
262,445
147,933
149,317
125,832
86,134
74,454

346,724
198,509
132,585
68,404
152,632
120,504
312,928
180,703
173,964
125,755
96,826
86,936

21
18
23
20
21
20
21
19
20
21
22
21

Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

1,400
1,320
1,610
1,870
1,830
1,620
1,700
1,660
1,690
1,750
2,000
2,100

1,170
1,100
1,250
1,570
1,420
1,370
1,530
1,380
1,470
1,610
1,730
1,820

1,200
1,290
1,570
1,730
1,420
1,620
1,620
1,470
1,680
1,750
1,920
1,900

6,429
7,872
9,064
17,128
12,631
7,451
7,648
7,030
7,395
5,768
9,139
11,641

134,454
229,937
274,582
854,547
270,187
150,482
137,647
113,212
122,714
222,532
188,716
180,261

169,578
286,861
391,369
1,410,931
441,513
226,314
221,865
178,266
195,074
373,493
349,843
349,136

21
21
21
20
21
21
22
19
20
22
20
18

Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13

1,950
2,500
2,525
2,675
3,050
2,825
1,320
1,070
1,050
1,140
1,080
960

1,710
1,860
2,150
2,150
2,550
1,150
940
660
690
880
780
750

1,890
2,325
2,475
2,600
2,800
1,290
1,000
780
930
1,050
900
780

17,801
15,874
11,644
14,632
18,664
25,478
35,902
27,271
29,817
30,037
19,911
14,769

305,075
289,483
264,854
373,884
314,882
422,548
1,100,648
870,003
1,024,278
896,981
566,805
369,297

560,276
603,334
626,267
882,856
885,175
991,867
1,152,747
779,300
909,108
898,351
507,534
319,726

21
20
19
22
22
19
23
17
21
21
20
19

Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14

980
1,085
1,180
1,150
1,305
1,270
1,405

745
910
980
940
1,080
1,090
1,095

955
1,005
1,065
1,110
1,255
1,135
1,350

27,739
32,185
27,115
26,857
19,968
21,300
41,560

484,736
680,056
528,787
587,245
420,392
275,513
757,675

434,071
676,697
573,389
633,586
515,282
325,634
977,499

20
20
20
20
18
21
18

(Thou. Sh.) (Million Rp)

290,277
184,496
421,299
302,291
542,063
434,516
331,459
295,915
328,801
264,883
177,286
145,180
167,612
147,815
288,743
273,762
241,472
241,376
265,979
300,409
147,191
175,310
308,764
342,132

20
19
22
21
19
22
22
21
17
21
21
20

455%
390%
373.7%
325%
260%
213.8%

195%
130%

97.6%
65%
-65%

Jan 10

Jan 11

Jan 12

Jan 13

Jan 14

SHARES TRADED

2010

2011

2012

2013

Jul-14

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

3,511
3,108
86
245

1,838
1,996
74
247

2,879
4,594
109
246

6,799
9,117
262
244

3,734
4,136
197
137

Price (Rupiah)
High
Low
Close
Close*

1,300
570
1,090
545

1,320
840
1,240
620

2,100
1,100
1,900
950

3,050
660
780
780

1,405
745
1,350
1,350

21.93
11.09
3.44

17.30
17.34
3.59

9.59
17.79
2.57

17.96
19.77
3.82

32.09
PER (X)
9.97
PER Industry (X)
3.50
PBV (X)
* Adjusted price after corporate action

SMRA Summarecon Agung Tbk. [S]

Financial Data and Ratios

Book End : December

Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET

Dec-10

Dec-11

Dec-12

Dec-13

Jun-14

1,120,483

1,495,901

2,427,999

2,544,845

2,328,145

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

(Million Rp except Par Value)

Cash & Cash Equivalents

Assets

Receivables

216,974

82,776

138,931

275,967

203,105

Inventories

1,308,433

2,741,082

2,819,764

3,058,266

3,139,931

Investment

1,282,418

1,929,125

3,699

284,282

6,354,604

379,106

304,427

282,418

351,832

376,848

254,769

67,756

83,250

Fixed Assets
Other Assets
Total Assets

118,369
6,139,640

8,099,175 10,876,387 13,659,137 14,173,936

31.92%

Growth (%)

3,000
-

841,780

822,823

1,911,032

2,221,506

184,225

63,235

57,682

3,982,107

5,622,075

7,060,987

9,001,470

9,074,788

41.18%

25.59%

27.48%

0.81%

1,000,000

1,000,000

2,500,000

2,500,000

2,500,000

687,314

687,314

721,339

1,442,678

1,442,678

6,873

6,873

7,213

14,427

14,427

100

100

100

100

100

Retained Earnings

1,207,161

1,531,470

2,171,202

2,963,203

3,173,601

Total Equity

2,139,887

2,477,100

3,815,400

4,657,667

5,099,148

15.76%

54.03%

22.08%

9.48%

Growth (%)

6,000

3.77%

246,765

Total Liabilities

9,000

25.59%

Trade Payable

12,000

34.29%

181,665

Bank Payable

Liabilities

15,000

2010

2011

2012

2013

2014

TOTAL EQUITY (Bill. Rp)

Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value

5,099
4,658

5,100

3,815

4,080

3,060

Growth (%)
INCOME STATEMENTS
Total Revenues

Dec-10

Dec-11

Dec-12

Dec-13

Jun-14

1,695,444

2,359,331

3,463,163

4,093,789

1,976,547

39.16%

46.79%

18.21%

Growth (%)

2,477
2,140

2,040

1,020

Cost of Revenues

947,778

1,312,185

1,871,176

1,943,287

Gross Profit

747,666

1,047,145

1,591,987

2,150,503

987,634
988,913

Operating Expenses

370,007

482,671

581,085

803,365

292,360

Operating Profit

377,659

564,475

1,010,901

1,347,138

696,553

49.47%

79.09%

33.26%

TOTAL REVENUES (Bill. Rp)

4,094
4,094

Growth (%)

3,463
3,259

Other Income (Expenses)

-33,747

-33,559

-24,507

-27,712

-44,184

Income before Tax

343,911

530,916

986,395

1,319,425

652,369

Tax

109,574

142,209

194,309

223,537

113,121

Profit for the period

234,337

388,707

792,086

1,095,888

539,248

65.88%

103.77%

38.35%

Growth (%)

2,359
1,977

2,424

1,695
1,588

753

Period Attributable

233,478

392,019

797,814

1,102,177

539,248

Comprehensive Income

234,337

388,707

792,086

1,095,888

539,248

Comprehensive Attributable

233,478

392,019

787,814

1,102,177

539,248

RATIOS

Dec-10

Dec-11

Dec-12

Dec-13

Jun-14

Dividend (Rp)

10.00

23.00

43.00

23.00

EPS (Rp)

33.97

57.04

110.60

76.40

37.38

BV (Rp)

311.34

360.40

528.93

322.85

353.45

DAR (X)

0.65

0.69

0.65

0.66

0.64

DER(X)

1.86

2.27

1.85

1.93

1.78

ROA (%)

3.82

4.80

7.28

8.02

3.80

ROE (%)

10.95

15.69

20.76

23.53

10.58

GPM (%)

44.10

44.38

45.97

52.53

50.03

OPM (%)

22.27

23.93

29.19

32.91

35.24

-82

2010

2011

2012

2013

PROFIT FOR THE PERIOD (Bill. Rp)

1,096
1,096

792

872

539

649

NPM (%)

13.82

16.48

22.87

26.77

27.28

Payout Ratio (%)

29.44

40.33

38.88

30.11

0.92

1.85

2.26

2.95

Yield (%)

2014

389
425

234
202

-22

2010

2011

2012

2013

2014