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INTP
INDOCEMENT TUNGGAL PRAKARSA TBK.

Company Profile

PT Indocement Tunggal Prakarsa Tbk. was incorporated on January 16th, 1985. The
Companystarteditscommercialoperationsin1985.

The scope of its activities comprises, among others, cement and building materials
manufacturing,mining,constructionandtrading.Currently,theCompanyandSubsidiaries
are involved in several businesses consisting of the manufacture and sale of cement (as
corebusiness)andreadymixconcrete,aggregatesandtrassquarrying.

TheCompanysheadofficeislocatedinJakartawhilethefactoriesarelocatedinCiteureup
WestJava,PalimananWestJava,andTarjunSouthKalimantan.HeidelbergCementAG
istheultimateparentcompanyoftheGroup.

ThecementbusinesscoverstheoperationsoftheCompanystwelve(12)plantslocatedin
threedifferentsites:nineattheCiteureupBogorsite,twoatthePalimananCirebonsite
and one at the Tarjun South Kalimantan site. The manufacture of readymix concrete,
cement distribution, and aggregates quarrying comprise the operations of most of the
CompanysSubsidiaries.

TheCompanyhasdirectownershipinsubsidiaries:
PTDianAbadiPerkasa, PTLenteraAbadiSejahtera,and
PTIndomixPerkasa,
PTSariBhaktiSejati,
PTMakmurAbadiPerkasaMandiri,

TheCompanyalsohasindirectownershipinsubsidiaries:
PTPionirbetonIndustri, PTSahabatMuliaSakti,
PTMandiriSejahteraSentra, PTMultiBangunGalaxy,
PTBahanaIndonor, PTBhaktiSariPerkasaAbadi,
PTTarabatuhManunggal, PTTiroAbadiPerkasa,and
PTMineralIndustriSukabumi PTJayaBerdikariCipta.
PTLintasBahanaAbadi,
PTTerangPrakasaCipta,

TheGrouphadatotalof6,579permanentemployeesasofDecember31st,2016.

February 2017

Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
 INTP IndocementTunggalPrakarsaTbk.[S]
COMPANY REPORT : JANUARY 2017 As of 31 January 2017
Main Board Individual Index : 601.000
Industry Sector : Basic Industry And Chemicals (3) Listed Shares : 3,681,231,699
Industry Sub Sector : Cement (31) Market Capitalization : 55,310,506,277,475
16 | 55.3T | 0.96% | 54.36%

23 | 18.0T | 0.97% | 59.69%

COMPANY HISTORY SHAREHOLDERS (January 2017)

Established Date : 16-Jan-1985 1. Birchwood Omnia Limited 1,877,480,863 : 51.00%
Listing Date : 05-Dec-1989 2. Public (<5%) 1,803,750,836 : 49.00%
Under Writer IPO :
PT (Persero) Danareksa DIVIDEND ANNOUNCEMENT
PT Merchant Investment Corporation Bonus Cash Recording Payment
F/I
PT Multicor Year Shares Dividend Cum Date Ex Date Date Date
Bank Pembangunan Indonesia 1991 150.00 13-Feb-91 14-Feb-91 21-Feb-91 15-Mar-91 I
Securities Administration Bureau : 1991 175.00 27-May-92 29-May-92 05-Jun-92 18-Jun-92 F
PT Raya Saham Registra 1992 250.00 01-Jul-93 02-Jul-93 09-Jul-93 10-Aug-93 F
Plaza Central Building 2nd Fl. 1993 208.00 13-Jul-94 14-Jul-94 21-Jul-94 15-Aug-94 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1993 1:1 12-Aug-94 15-Aug-94 23-Aug-94 23-Sep-94 B
Phone : (021) 252-5666 1994 120.00 19-Jul-95 20-Jul-95 28-Jul-95 25-Aug-95 F
Fax : (021) 252-5028 1995 40.00 23-Aug-95 24-Aug-95 01-Sep-95 29-Sep-95 I
1995 120.00 12-Jul-96 15-Jul-96 23-Jul-96 21-Aug-96 F
BOARD OF COMMISSIONERS 1996 70.00 11-Jul-97 14-Jul-97 23-Jul-97 21-Aug-97 F
1. Albert Scheuer 1996 10:3 08-Sep-97 09-Sep-97 17-Sep-97 30-Sep-97 B
2. Daniel Lavalle *) 2005 50.00 19-Jul-06 20-Jul-06 24-Jul-06 07-Aug-06 F
3. I Nyoman Tjager *) 2006 30.00 27-Jun-07 28-Jun-07 02-Jul-07 16-Jul-07 I
4. Tedy Djuhar *) 2007 40.00 05-Jun-08 06-Jun-08 10-Jun-08 24-Jun-08 F
5. Bernhard Scheifele 2008 150.00 02-Jun-09 03-Jun-09 05-Jun-09 19-Jun-09 F
6. Kevin Gerard Gluskie 2009 225.00 21-Jun-10 22-Jun-10 24-Jun-10 07-Jul-10 F
7. Lorenz Naeger 2010 263.00 17-Jun-11 20-Jun-11 22-Jun-11 07-Jul-11 F
*) Independent Commissioners 2011 293.00 18-Jun-12 19-Jun-12 21-Jun-12 05-Jul-12 F
2012 450.00 20-Jun-13 21-Jun-13 25-Jun-13 09-Jul-13 F
BOARD OF DIRECTORS 2013 900.00 19-Jun-14 20-Jun-14 24-Jun-14 08-Jul-14 F
1. Christian Kartawijaya 2014 1,350.00 21-May-15 22-May-15 26-May-15 17-Jun-15 F
2. Benny S. Santoso 2015 415.00 17-May-16 18-May-16 20-May-16 10-Jun-16 F
3. Tju Lie Sukanto
4. Franciscus Welirang ISSUED HISTORY
5. Hasan Imer Listing Trading
6. Juan Francisco Defalque No. Type of Listing Shares Date Date
7. Kuky Permana 1. First Issue 89,832,150 05-Dec-89 05-Dec-89
8. Ramakanta Bhattacharjee 2. Koperasi 6,000,000 T: 26-Jun-92 : 31-Dec-99
9. Troy Dartojo Soputro 3. Founders Shares 946,119 T: 07-Mar-94 : 02-Sep-94
4. Convertible Bonds 8,555,640 T: 07-Mar-94 : 10-Nov-94
AUDIT COMMITTEE 5. Bonus Shares 599,790,020 T: 12-Sep-94 : 26-Sep-94
1. I Nyoman Tjager 6. Company Listing 502,102,731 12-Sep-94 12-Sep-94
2. Jusuf Halim 7. Stock Split 1,207,226,660 02-Sep-96 02-Sep-96
3. Lindawati Gani 8. Additional Listing 69,863,127 09-Jan-01 09-Jan-01
9. Right Issue 1,196,907,072 24-Apr-01 24-Apr-01
CORPORATE SECRETARY 10. Warrant 8,180 12-May-03 12-May-03
Pigo Pramusakti Kusdihardjo

HEAD OFFICE
Wisma Indocement 8th Fl.
Jln. Jend. Sudirman Kav. 70 - 71
Jakarta
Phone : (021) 251-0057, 570-3817
Fax : (021) 570-1693, 251-0066

Homepage : www.indocement.com
Email : corpsec@indocement.co.id
 INTP IndocementTunggalPrakarsaTbk.[S]
TRADING ACTIVITIES
Closing Price* and Trading Volume
Indocement Tunggal Prakarsa Tbk. [S] Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2013 - January 2017 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
28,000 160 Jan-13 22,600 21,250 21,750 23,664 71,422 1,550,241 21
Feb-13 22,150 21,350 21,950 16,173 69,389 1,501,495 20
24,500 140 Mar-13 23,550 21,850 23,300 23,869 94,226 2,139,138 19
Apr-13 26,450 22,750 26,400 22,551 75,064 1,827,956 22
May-13 27,400 23,750 23,750 27,114 77,761 1,949,529 22
21,000 120
Jun-13 24,550 20,450 24,450 39,750 137,049 3,109,151 19
Jul-13 24,400 20,600 20,850 26,673 72,376 1,592,849 23
17,500 100
Aug-13 22,450 16,500 19,700 27,991 79,314 1,531,570 17
Sep-13 21,900 18,000 18,000 32,816 92,486 1,815,659 21
14,000 80
Oct-13 21,000 18,000 20,900 28,227 66,651 1,308,829 21
Nov-13 21,200 18,250 18,850 25,471 62,059 1,201,282 20
10,500 60 Dec-13 20,200 18,300 20,000 20,099 57,378 1,099,328 19

7,000 40 Jan-14 22,500 19,825 22,400 42,897 63,573 1,340,256 20

Feb-14 22,850 20,800 22,450 36,786 53,504 1,170,267 20
3,500 20 Mar-14 27,300 21,550 23,375 50,809 82,794 1,947,053 20
Apr-14 25,125 21,675 21,950 53,758 103,849 2,419,573 20
May-14 24,450 21,175 22,650 38,535 64,887 1,481,991 18
Jun-14 25,025 22,350 22,550 36,440 59,436 1,405,231 21
Jan-13 Jan-14 Jan-15 Jan-16 Jan-17
Jul-14 27,500 22,425 24,950 47,705 84,985 2,170,522 18
Aug-14 25,500 24,000 24,250 48,865 66,643 1,636,144 20
Sep-14 24,700 21,125 21,550 49,050 85,318 1,981,406 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 24,275 20,800 24,000 64,236 86,327 1,966,007 23
Basic Industry and Chemicals Index Nov-14 24,975 22,475 24,675 37,852 62,863 1,508,616 20
January 2013 - January 2017 Dec-14 25,725 22,900 25,000 46,054 59,966 1,479,007 20
60%
Jan-15 25,500 21,325 23,000 59,898 112,706 2,596,245 21
45% Feb-15 24,325 22,650 24,050 38,270 51,124 1,209,902 19
Mar-15 24,300 20,475 21,925 53,486 87,898 1,969,041 22
30% Apr-15 23,700 20,700 21,000 39,145 67,087 1,500,898 21
May-15 23,425 21,100 22,400 41,944 185,783 4,180,361 19
21.8%
15% Jun-15 22,450 20,625 20,875 36,792 168,941 3,586,859 21
Jul-15 22,450 19,475 20,025 32,856 39,233 831,544 19
6.6%
Aug-15 20,200 16,175 19,625 48,556 59,733 1,122,761 20
-
Sep-15 20,050 16,000 16,450 48,472 44,373 811,929 21
Oct-15 21,025 16,100 18,000 71,016 86,080 1,608,882 21
-15%
Nov-15 21,400 17,900 18,700 51,050 54,994 1,085,736 21
Dec-15 22,800 19,025 22,325 37,676 33,403 693,474 19
-30% -31.4%
Jan-16 22,425 18,075 19,700 63,144 74,904 1,483,571 20
-45% Feb-16 20,300 18,450 20,025 49,336 64,737 1,263,594 20
Mar-16 20,850 19,250 19,725 43,398 63,350 1,282,258 21
-60% Apr-16 20,800 19,550 19,725 27,722 38,762 774,930 21
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 19,550 15,525 16,650 56,302 74,033 1,266,067 20
Jun-16 16,875 15,550 16,875 38,912 41,403 674,323 22
Jul-16 17,300 16,350 17,075 40,954 185,206 2,938,432 16
SHARES TRADED 2013 2014 2015 2016 Jan-17 Aug-16 19,400 17,000 17,700 46,606 328,271 5,603,734 22
Volume (Million Sh.) 955 874 991 1,111 24 Sep-16 18,400 16,900 17,350 38,832 41,799 737,059 21
Value (Billion Rp) 20,627 20,506 21,198 19,124 369 Oct-16 18,225 16,250 16,450 37,638 120,944 1,892,755 21
Frequency (Thou. X) 314 553 559 513 24 Nov-16 16,600 14,275 15,975 41,996 44,920 688,693 22
Days 244 242 244 246 21 Dec-16 16,800 14,675 15,400 28,099 32,276 518,964 20

Price (Rupiah) Jan-17 16,000 14,600 15,025 24,266 23,885 368,934 21

High 27,400 27,500 25,500 22,425 16,000
Low 16,500 19,825 16,000 14,275 14,600
Close 20,000 25,000 22,325 15,400 15,025
Close* 20,000 25,000 22,325 15,400 15,025

PER (X) 14.69 18.57 18.86 13.51 13.18

PER Industry (X) 6.83 16.60 4.10 20.86 23.23
PBV (X) 3.20 3.96 3.44 2.23 2.17
* Adjusted price after corporate action
 INTP IndocementTunggalPrakarsaTbk.[S]
Financial Data and Ratios Book End : December
Public Accountant : Purwantono, Sungkoro & Surja (Member of Ernst & Young Global Limited)

BALANCE SHEET Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Cash & Cash Equivalents 10,474,126 12,595,187 11,256,129 8,655,562 9,674,030 31,250

Receivables 2,454,818 2,518,588 2,670,993 2,534,690 2,616,979

1,470,305 1,473,645 1,665,546 1,521,197 1,780,410 25,000
Inventories
Current Assets 14,579,400 16,846,248 16,086,773 13,133,854 14,424,622
18,750
Fixed Assets 7,935,224 9,304,992 12,143,632 13,813,892 14,643,695
Other Assets 141,371 324,750 421,823 398,265 453,899
12,500
Total Assets 22,755,160 26,607,241 28,884,973 27,638,360 30,150,580
Growth (%) 16.93% 8.56% -4.32% 9.09% 6,250

Current Liabilities 2,418,762 2,740,089 3,260,559 2,687,743 3,187,742 -

Long Term Liabilities 917,660 889,465 839,613 1,084,667 824,135 2012 2013 2014 2015 2016
Total Liabilities 3,336,422 3,629,554 4,100,172 3,772,410 4,011,877
Growth (%) 8.79% 12.97% -7.99% 6.35%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 30,151
Paid up Capital 1,840,616 1,840,616 1,840,616 1,840,616 1,840,616 30,151

Paid up Capital (Shares) 3,681 3,681 3,681 3,681 3,681 24,785 23,866
22,978
Par Value 500 500 500 500 500
24,000

19,419
Retained Earnings 14,848,447 18,202,133 20,159,896 19,540,851 21,883,459
19,418,738 22,977,687 24,784,801 23,865,950 30,150,580
17,849

Total Equity
Growth (%) 18.33% 7.86% -3.71% 26.33% 11,698

INCOME STATEMENTS Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 5,548

Total Revenues 17,290,337 18,691,286 19,996,264 17,798,055 15,361,894

Growth (%) 8.10% 6.98% -10.99% -13.69%
-603

2012 2013 2014 2015 2016

Cost of Revenues 9,020,338 10,036,632 10,909,595 9,888,919 9,030,433

Gross Profit 8,269,999 8,654,654 9,086,669 7,909,136 6,331,461
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 2,393,257 2,590,554 3,111,676 2,852,206 2,686,866
Operating Profit 5,876,742 6,064,100 5,974,993 5,056,930 3,644,595 19,996
18,691
3.19% -1.47% -15.37% -27.93% 17,798
Growth (%)
19,996

17,290
15,362
15,917

Other Income (Expenses) 362,808 531,054 814,609 588,181 501,784

Income before Tax 6,239,550 6,595,154 6,789,602 5,645,111 4,146,379 11,838

Tax 1,476,162 1,582,860 1,515,593 1,288,450 747

Profit for the period 4,763,388 5,012,294 5,274,009 4,356,661 3,870,319
7,759

Growth (%) 5.23% 5.22% -17.39% -11.16%

3,679

Period Attributable 4,760,382 5,010,240 5,270,872 4,356,661 3,870,319 -400

Comprehensive Income 4,763,388 5,217,953 5,153,776 4,258,600 3,800,464 2012 2013 2014 2015 2016
Comprehensive Attributable 4,760,382 5,215,899 5,150,639 4,258,600 3,800,464

RATIOS Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 602.76 614.81 493.37 488.66 452.50
5,274
Dividend (Rp) 450.00 900.00 1,350.00 415.00 - 5,012
5,274

4,763
EPS (Rp) 1,293.15 1,361.02 1,431.82 1,183.48 1,051.37 4,357
3,870
BV (Rp) 5,275.07 6,241.85 6,732.75 6,483.14 8,190.35 4,198

DAR (X) 0.15 0.14 0.14 0.14 0.13

DER(X) 0.17 0.16 0.17 0.16 0.13
3,122

ROA (%) 20.93 18.84 18.26 15.76 12.84 2,046

ROE (%) 24.53 21.81 21.28 18.25 12.84

GPM (%) 47.83 46.30 45.44 44.44 41.22 970

OPM (%) 33.99 32.44 29.88 28.41 23.72

NPM (%) 27.55 26.82 26.37 24.48 25.19
-105

2012 2013 2014 2015 2016

Payout Ratio (%) 34.80 66.13 94.29 35.07 -
Yield (%) 2.00 4.50 5.40 1.86 -