(Formerly PT Branta Mulia Tbk)

Head Ofce/Factory Jl. Pahlawan, Desa Karang Asem Timur Citeureup, Bogor 16810, Jawa Barat Phone (021) 875-2115 Fax (021) 875-3031, 875-3934 Website: www.brantamulia.com Tire Yarn & Cord Fabric Manufacturer PMDN

PT Indo Kordsa Tbk.

Automotive and Allied Products Summary of Financial Statement

(Million Rupiah) 2008 2009 2010
Total Assets Current Assets of which Cash and cash equivalents Trade receivables Inventories Non-Current Assets of which Fixed Assets-Net Deffered Tax Assets-Net Investments Other Assets Liabilities Current Liabilities of which Trade payables Taxes payable Current maturities of long-term debt Non-Current Liabilities Minority Interests in Subsidiaries Shareholders' Equity Paid-up capital Paid-up capital in excess of par value Retained earnings (accumulated loss) Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Profit Other Income (Expenses) Profit (Loss) before Taxes Profit (Loss) after Taxes Per Share Data (Rp) Earnings (Loss) per Share Equity per Share Dividend per Share Closing Price Financial Ratios PER (x) PBV (x) Dividend Payout (%) Dividend Yield (%) Current Ratio (x) Debt to Equity (x) Leverage Ratio (x) Gross Profit Margin (x) Operating Profit Margin (x) Net Profit Margin (x) Inventory Turnover (x) Total Assets Turnover (x) ROI (%) ROE (%) 1,672,766 978,226 276,769 239,189 402,957 694,540 647,075 34 100 19,163 480,181 446,468 139,629 30,852 202,723 33,714 194,561 998,025 225,000 3,125 769,900 1,637,886 1,390,234 247,653 109,374 138,279 22,587 160,866 94,776 1,349,631 656,111 133,843 225,939 237,106 693,520 645,429 n.a 100 24,959 224,873 189,982 120,511 12,312 n.a 34,891 142,771 981,988 225,000 3,125 753,863 1,500,639 1,260,000 240,639 86,278 154,361 (20,423) 133,938 72,106 1,492,728 725,930 55,529 264,316 291,293 766,798 724,663 n.a 100 24,883 283,851 180,688 97,289 20,184 n.a 103,162 136,321 1,072,556 225,000 3,125 844,431 1,805,360 1,497,479 307,881 93,451 214,430 (533) 213,897 134,160

Business Company Status

Financial Performance: The Company recorded net income in 2010 at IDR 134.16 million, or increased from IDR 72.105 million recorded in 2009. Brief History : As Southeast Asias leading tire cord fabric producer since 1981, the Company has proven track record in the manufacture of premium Nylon 66 Yarn, Polyester Yarn and a complete range of tire cord fabric. The company bases its operations on product quality, professionalism, innovation and responsiveness to the customers needs. The Company has manufacturing facilities in Indonesia and Thailand and numbers the worlds foremost tire companies among its customers. The Company has been listed on the Jakarta Stock Exchange since 1990 and is the majority shareholder in Thai Branta Mulia Co. Ltd. And PT Branta Mulia Teijin Indonesia. In 2007, the Company changed its name to PT Indo Kordsa Tbk.

211 2,218 125 1,800

160 2,182 n.a 1,450

298 2,383 n.a 2,400

8.55 0.81 59.35 5.64 2.19 0.48 0.29 0.15 0.08 0.06 3.45 0.98 5.67 9.50

9.05 0.66 n.a n.a 3.45 0.23 0.17 0.16 0.10 0.05 5.31 1.11 5.34 7.34

8.05 1.01 n.a n.a 4.02 0.26 0.19 0.17 0.12 0.07 5.14 1.21 8.99 12.51

PER = 10.86x ; PBV = 0.93x (June 2011) Financial Year: December 31 Public Accountant: Tanudiredja, Wibisana & Co. (2009); Osman Bing Satrio & Co. (2010)

(million rupiah) 2011

Total Assets 1,639,221 834,950 804,270 452,181 1,187,039 967,437 58,042 3.54 4.89 Current Assets

2010
1,403,313 729,811 673,501 291,259 984,464 856,425 64,825 4.62 6.58

Shareholders Kordsa Global A.S. Robby Sumampow PT Risjadson Suryatama Ievan Daniar Sumampow Iefenn Andrianne Sumampow Public

60.21% 23.92% 5.61% 2.87% 1.31% 6.08%

Non-Current Assets Liabilities Shareholders' Equity Net Sales Profit after Taxes ROI (%) ROE (%) In June

390

Indonesian Capital Market Directory 2011

PT Indo Kordsa Tbk. (Formerly PT Branta Mulia Tbk)

Board of Commissioners President Commissioner Robby Sumampow Vice President Commissioner Selim Hakan Tiftik Commissioners Sertan Ozan, Bekir Soyturk, Ievan Daniar Sumampow, Adil Ilter Turan, Handityo Purnomo

Automotive and Allied Products

Board of Directors President Director Ali Caliskan Directors Cenk Alper, Reza Herman Surjaningrat, Iefenn Adrianne Sumampow, Ibrahim Haluk Kaban, Bulent Arasli, Fikret Comert Number of Employees 1,474

No 1 2 3 4 5

Type of Listing First Issue Partial Listing Founders Shares Bonus Shares (Founders & Public) Stock Split

Listing Date 05-Sep-90 11-Sep-90 18-Jul-94 18-Jul-94 27-Aug-97

Trading Date 05-Sep-90 18-Sep-90 18-Jul-94 18-Jul-94 27-Aug-97

Number of Shares per Listing 12,500,000 25,000,000 87,500,000 100,000,000 225,000,000

Total Listed Shares 12,500,000 37,500,000 125,000,000 225,000,000 450,000,000

Underwriters PT (Persero) Danareksa, PT Nomura Indonesia, PT Batavia Prosperindo Sekuritas Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization

Stock Price and Traded Chart

Stock Price (Rp) 3,000 Thousand Shares 60

2,500

50

2,000

40

1,500

30

1,000

20

500

10

Jan-10 Feb-10Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11

Institute for Economic and Financial Research

391