Daftar Saham LQ45 Agustus 2017

IDX LQ45
August 2017
NOTES
1. Trading Volume, Value and Frequency :
Figure of trading volume, value, and frequency are calculated once. Trading Frequency refers to numbers of transaction.
2. Foreign Ownership
In September 1997, the foreign ownership limitation was abolished except for banks (49% of total listed shares). In May 1999, the
maximum number of listed shares and foreign ownership on banks company was set to 99%, based on Government regulation
dated May 7th, 1999.
3. Number of listed shares
This figures refers to the total number of shares that is already listed and can be traded at the exchange
4. Market Capitalization
This figures indicates the aggregate number of listed shares multiplied by regular market closing price
5. Jakarta Composite Index
Jakarta Composite Index =

(Regular Closing Price x Number of Shares )
Base Value
Base Value =
( Base Price x Number of Shares )
Regular Closing Price
Individual Index =
Base Price
6. To calculate the Jakarta Composite Index and Stock Individual Index, Base Price and Base Value are adjusted when bonus and
rights issues, share splits and consolidations are made. Base price for new listed companies is IPO price.
7. Earnings Per Share (EPS)
The figure of EPS is derived by dividing Profit for the period attribute to owners entity by number of issued shares. We annualized
the EPS when interim reports are used (see the Financial statement dates and Financial Year Ends).
8. Book Value per Share (BV)
The figure of BV is derived by dividing the Total Shareholders Equity by number of issued shares.
9. Debt to Assets Ratio (DAR)
Total Liabilities
DAR = x 100%
Total Assets
10. Debt to Equity Ratio (DER)

Total Liabilities
DER = x 100%
Total Equity
11. Return on Assets (ROA)

Profit for the period
ROA = x 100%
Total Assets
12. Return on Equity (ROE)

Profit for the period
ROE = x 100%
Total Equity
13. Gross Profit Margin (GPM)

Gross Profit
GPM = x 100%
Total Sales
14. Operating Profit Margin (OPM)
Operating Income
OPM = x 100%
Total Sales
15. Net Profit Margin (NPM)
Profit for period
NPM = x 100%
Total Sales
Dividend
16. Payout Ratio = x 100%
EPS
Dividend
17. Yield = x 100%
Closing Price
18. [S] Sharia Compliant Stock
19. Period Attribute : Profit for the period attributable to owners entity
20. Comprehensive Attribute : Comprehensive Income attributable to owners entity

FOREWORDS
This publication is designated as a service to domestic investors and other capital market participants, as part of the nation-wide efforts
in educating and improving the dissemination of capital market information. These efforts are important in carrying out the task of
expanding the domestic investor base.
To improve the future editions of this publication, the readers comments and feedback would be highly appreciated.
Jakarta, August 2017
Research and Development Division

Indonesia Stock Exchange
2017 Indonesia Stock Exchange. All rights reserved.
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.
Contents
Forewords
LQ45 Index Constituents for the period of August 2017 January 2018
No. Code Stock Name Page

1. AALI Astra Agro Lestari Tbk. [S] (Plantation, 12) ................................................................................................................................................. 2
2. ADHI Adhi Karya (Persero) Tbk. [S] (Building Construction, 62) ....................................................................................... 6
3. ADRO Adaro Energy Tbk. [S] (Coal Mining, 21) ...................................................................................................................................................... 10
4. AKRA AKR Corporindo Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91)) ........................................................................ 14
5. ANTM Aneka Tambang Tbk. [S] (Metal and Mineral Mining, 23) .................................................................................................................... 18
6. ASII Astra International Tbk. [S] (Automotive and Components, 42)......................................................................................................... 22
7. BBCA Bank Central Asia Tbk. (Bank, 81) ................................................................................................................................................................... 26
8. BBNI Bank Negara Indonesia (Persero) Tbk. (Bank, 81) .................................................................................................................................. 30
9. BBRI Bank Rakyat Indonesia (Persero) Tbk. (Bank, 81) ................................................................................................................................. 34
10. BBTN Bank Tabungan Negara (Persero) Tbk. (Bank, 81). ................................................................................................................................ 38
11. BJBR BPD Jawa Barat dan Banten Tbk. (Bank, 81). ........................................................................................................................................... 42
12. BMRI Bank Mandiri (Persero) Tbk. (Bank, 81) ........................................................................................................................................................ 46
13. BMTR Global Mediacom Tbk. [S] (Investment Company, 98)........................................................................................................................... 50
14. BRPT Barito Pacific Tbk. [S]. (Chemical, 34)............................................................................................................................................................ 54
15. BSDE Bumi Serpong Damai Tbk. [S] (Property and Real Estate, 61) .......................................................................................................... 58
16. BUMI Bumi Resources Tbk. (Coal Mining, 21)........................................................................................................................................................ 62
17. EXCL XL Axiata Tbk. [S] (Telecommunication,73) ................................................................................................................................................ 66
18. GGRM Gudang Garam Tbk. (Tobacco Manufacturers, 52) ................................................................................................................................. 70
19. HMSP HM Sampoerna Tbk. (Tobacco Manufacturers, 52) ................................................................................................................................ 74
20. ICBP Indofood CBP Sukses Makmur Tbk. [S] (Food and Beverages, 51) ............................................................................................. 78
21. INCO Vale Indonesia Tbk. [S] (Metal and Mineral Mining, 23) ........................................................................................................................ 82
22. INDF Indofood Sukses Makmur Tbk. [S] (Food and Beverages, 51) .......................................................................................................... 86
23. INTP Indocement Tunggal Prakasa Tbk. [S] (Cement, 31) .............................................................................................................................. 90
24. JSMR Jasa Marga (Persero) Tbk. [S] (Toll Road, Airport, Harbor and Allied Products, 72) .............................................................. 94
25. KLBF Kalbe Farma Tbk. [S] (Pharmaceuticals, 53) .............................................................................................................................................. 98
26. LPKR Lippo Karawaci Tbk. [S] (Property and Real Estate, 61) ....................................................................................................................... 102
27. LPPF Matahari Department Store Tbk. [S] (Retail Trade, 93) ......................................................................................................................... 106
28. LSIP PP London Sumatera Tbk. [S] (Plantation,12) ........................................................................................................................................... 110
29. MNCN Media Nusantara Citra Tbk. [S] (Advertising, Printing and Media,95) ............................................................................................ 114
30. MYRX Hanson International Tbk. [S] (Investment Company, 98) .................................................................................................................... 118
31. PGAS Perusahaan Gas Negara (Persero) Tbk. [S] (Energy, 71).................................................................................................................... 122
32. PPRO PP Properti Tbk. [S] (Property And Real Estate, 61) .............................................................................................................................. 126
33. PTBA Tambang Batubara Bukit Asam (Persero) Tbk. [S] (Coal Mining, 21) ............................................................................................ 130
34. PTPP PP (Persero) Tbk. [S] (Building Construction, 62) .................................................................................................. 134
35. PWON Pakuwon Jati Tbk. [S] (Property and Real Estate, 61) ........................................................................................................................... 138
36. SCMA Surya Citra Media Tbk. (Advertising, Printing And Media, 95) ........................................................................................................... 142
37. SMGR Semen Indonesia (Persero) Tbk. [S] (Cement, 31) .................................................................................................................................. 146
38. SMRA Summarecon Agung Tbk. [S] (Property and Real Estate, 61) ................................................................................. 150
39. SRIL Sri Rejeki Isman Tbk. (Textile, Garment, 43) ........................................................................................................... 154
40. SSMS Sawit Sumbermas Sarana Tbk. [S] (Plantation, 12) ................................................................................................ 158
41. TLKM Telekomunikasi Indonesia (Persero) Tbk. [S] (Telecommunication, 73) ....................................................................................... 162
42. UNTR United Tractors Tbk. [S] (Wholesale (Durable and Non-Durable Goods, 91) .......................................................... 166
43. UNVR Unilever Indonesia Tbk. [S] (Cosmetics and Household, 54).............................................................................................................. 170
44. WIKA Wijaya Karya (Persero) Tbk. [S] (Building Construction, 62) .............................................................................................................. 174
45. WSKT Waskita Karya (Persero) Tbk. [S] (Building Construction, 62) ................................................................................. 178
LQ45 Index Constituents
for the period of August 2017 January 2018
COMPANY REPORT
AALI
ASTRA AGRO LESTARI TBK.
Company Profile
PT Astra Agro Lestari Tbk. was established dated October 3rd, 1988. The Company is
committedtomanageoilpalmplantationwithlocationsspreadoverSumatra,Kalimantan,
andSulawesi,producinghighqualityCrudePalmOil(CPO),tomeetthedemandsofboth
thedomesticandexportmarkets.
ApartfromproducingCPO,theCompanyalsoproducespalmoilderivativeproductsatits
refinery established in West Sulawesi. These palm oil derivative products are aimed to
satisfythedemandsoftheexportmarket.
AsoneofthelargestoilpalmplantationsinIndonesiawhichhasbeenoperatingfor35
years,PTAstraAgroLestariTbk.maybeconsideredasrolemodelinmanagingoilpalm
estates.Moreover,throughapartnershipmodelwiththecommunities,boththrougha
plasmaprogramandIncomeGeneratingActivities(IGA),theCompanywasabletorealize
itsvisiontobecomealeadingcompanyandcontributetothedevelopmentandprosperity
ofthenation.
In addition to strengthening its position at the upstream sector by managing an area of

297,862 hectares comprising nucleus and plasma plantations, the Company also
strengthened its palm oil downstream business. Owning a palm oil refinery, PT Tanjung
SaranaLestariintheMamujuUtaraRegency,WestSulawesiand50%equitysharesinPT
Kreasijaya Adhikarya in Dumai, Riau Province, has significantly strengthened the
Companyscompetitivenessinthepalmoilbusinesschain.
PTAstraInternationalTbk.istheparententityoftheCompany,whereasJardineMatheson
HoldingsLtd,incorporatedinBermuda,isitsultimateparententity.AsofJune30th,2017,
theCompanyandsubsidiarieshad35,103permanentemployees.
August 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.
2 RESEARCH AND DEVELOPMENT DIVISION

AALI AstraAgroLestariTbk.[S]
COMPANY REPORT : JULY 2017 As of 31 July 2017
Main Board Individual Index : 1,196.222
Industry Sector : Agriculture (1) Listed Shares : 1,924,688,333
Industry Sub Sector : Plantation (12) Market Capitalization : 28,341,035,703,425
39 | 28.3T | 0.44% | 70.31%
56 | 7.54T | 0.40% | 76.96%
COMPANY HISTORY SHAREHOLDERS (June 2017)

Established Date : 03-Oct-1988 1. PT Astra International Tbk. 1,533,682,440 : 79.68%
Listing Date : 09-Dec-1997 2. Public (<5%) 391,005,893 : 20.32%
Under Writer IPO :
PT ABN AMRO Hoare Govett Indonesia DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Bonus Cash Recording Payment
F/I
PT Raya Saham Registra Year Shares Dividend Cum Date Ex Date Date Date
Plaza Central Building 2nd Fl. 1997 37.00 22-Jun-98 23-Jun-98 01-Jul-98 20-Jul-98 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1998 60.00 29-Oct-98 30-Oct-98 09-Nov-98 23-Nov-98 I
Phone : (021) 252-5666 1998 25.00 27-May-99 28-May-99 08-Jun-99 05-Jul-99 F
Fax : (021) 252-5028 1999 5:1 27-May-99 28-May-99 08-Jun-99 05-Jul-99 BS
1999 45.00 31-May-00 02-Jun-00 12-Jun-00 26-Jun-00 F
BOARD OF COMMISSIONERS 2000 7.00 07-Jun-01 08-Jun-01 13-Jun-01 27-Jun-01 F
1. Widya Wiryawan 2001 10.00 18-Jun-02 19-Jun-02 24-Jun-02 04-Jul-02 F
2. Angky Utarya Tisnadisastra *) 2002 60.00 05-Jun-03 06-Jun-03 10-Jun-03 24-Jun-03 F
3. Chiew Sin Cheok 2003 90.00 04-Jun-04 07-Jun-04 09-Jun-04 23-Jun-04 F
4. Djony Bunarto Tjondro 2004 100.00 06-Dec-04 07-Dec-04 09-Dec-04 23-Dec-04 I
5. Soemadi Djoko Moerdjono Brotodiningrat *) 2004 150.00 06-Jun-05 07-Jun-05 09-Jun-05 23-Jun-05 F
*) Independent Commissioners 2005 325.00 12-May-06 15-May-06 17-May-06 01-Jun-06 F
2006 95.00 17-Oct-06 18-Oct-06 20-Oct-06 10-Nov-06 I
BOARD OF DIRECTORS 2006 230.00 11-Jun-07 12-Jun-07 14-Jun-07 25-Jun-07 I
1. Santosa 2007 190.00 19-Oct-07 22-Oct-07 24-Oct-07 02-Nov-07 I
2. Bambang Wijanarko 2007 625.00 16-Jun-08 17-Jun-08 19-Jun-08 30-Jun-08 F
3. Handoko Pranoto 2008 350.00 23-Oct-08 24-Oct-08 28-Oct-08 11-Nov-08 I
4. Joko Supriyono 2008 155.00 04-Jun-09 05-Jun-09 09-Jun-09 23-Jun-09 F
5. M. Hadi Sugeng Wahyudiono 2009 220.00 30-Oct-09 02-Nov-09 04-Nov-09 11-Nov-09 I
6. Mario C Surung Gultom 2009 685.00 08-Jun-10 09-Jun-10 11-Jun-10 25-Jun-10 F
7. Rujito Purnomo 2010 190.00 26-Oct-10 27-Oct-10 29-Oct-10 12-Nov-10 I
2010 640.00 20-May-11 23-May-11 25-May-11 09-Jun-11 F
AUDIT COMMITTEE 2011 300.00 24-Oct-11 25-Oct-11 27-Oct-11 10-Nov-11 I
1. Soemadi Djoko Moerdjono Brotodiningrat 2011 695.00 08-May-12 09-May-12 14-May-12 29-May-12 F
2. Juliani Eliza Syaftari 2012 230.00 16-Oct-12 17-Oct-12 19-Oct-12 05-Nov-12 I
3. Ratna Wardhani 2012 455.00 15-May-13 16-May-13 20-May-13 03-Jun-13 F
2013 160.00 02-Oct-13 03-Oct-13 07-Oct-13 23-Oct-13 I
CORPORATE SECRETARY 2013 515.00 09-May-14 12-May-14 14-May-14 30-May-14 F
Mario Casimirus Surung Gultom 2014 244.00 09-Oct-14 10-Oct-14 14-Oct-14 28-Oct-14 I
2014 716.00 21-Apr-15 22-Apr-15 24-Apr-15 15-May-15 F
HEAD OFFICE 2016 99.00 27-Sep-16 28-Sep-16 30-Sep-16 17-Oct-16 I
Jln. Pulo Ayang Raya Blok OR - I
Kawasan Industri Pulogadung ISSUED HISTORY
Jakarta 13930 Listing Trading
Phone : (021) 461-6555 No. Type of Listing Shares Date Date
Fax : (021) 461-6655, 6677, 6682, 6689 1. First Issue 125,800,000 09-Dec-97 09-Dec-97
2. Company Listing 1,132,200,000 T: 09-Dec-97 : 21-Jul-98
Homepage : www.astra-agro.co.id 3. Bonus Shares 251,600,000 06-Jul-99 06-Jul-99
Email : Investor@astra-agro.co.id 4. Option Conversion 12,005,000 T: 22-Apr-02 : 07-Jun-02
5. Option Conversion I & II 5,494,500 T: 10-Jun-02 : 22-Jan-03
6. Option Conversion II 18,108,500 T: 02-Jul-02 : 18-May-04
7. Option Conversion I 162,000 T: 14-Jan-03 : 31-Jan-03
8. Option Conversion II & III 9,856,500 T: 14-Jan-04 : 23-Apr-04
9. Option Conversion III 19,518,500 T: 15-Jan-04 : 13-May-05
10. Right Issue I 349,943,333 T: 17-Jun-16 : 24-Jun-16
RESEARCH AND DEVELOPMENT DIVISION 3

AALI Astra Agro Lestari Tbk. [S]
TRADING ACTIVITIES
Closing Price* and Trading Volume
Astra Agro Lestari Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
Price* January 2013 - July 2017 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
30,000 40.0 Jan-13 20,850 18,750 18,850 10,591 20,796 409,347 21
Feb-13 19,300 18,250 18,450 11,374 33,001 622,045 20
26,250 35.0 Mar-13 19,200 17,850 18,500 15,207 36,954 678,998 19
Apr-13 18,700 17,300 17,700 10,808 21,488 388,219 22
May-13 19,500 16,900 19,500 16,961 35,698 646,786 22
22,500 30.0
Jun-13 21,000 17,800 19,700 17,880 42,231 814,363 19
Jul-13 19,900 15,500 15,550 13,025 21,333 370,322 23
18,750 25.0
Aug-13 19,800 13,100 19,750 19,132 37,761 640,710 17
Sep-13 21,750 18,350 19,500 15,471 52,971 1,097,030 21
15,000 20.0
Oct-13 21,300 18,500 18,600 10,945 21,638 435,579 21
Nov-13 23,400 18,050 22,250 12,858 35,024 759,116 20
11,250 15.0 Dec-13 25,750 22,250 25,100 12,429 28,622 679,065 19
7,500 10.0 Jan-14 25,800 20,650 21,475 44,874 40,059 875,810 20

Feb-14 25,750 21,250 25,500 32,016 37,535 879,827 20
3,750 5.0 Mar-14 27,900 24,400 26,000 42,550 37,625 991,848 20
Apr-14 29,475 25,125 29,400 36,774 29,006 788,587 20
May-14 29,850 26,600 27,325 32,492 30,003 842,728 18
Jun-14 29,350 26,050 28,175 26,838 28,216 770,842 21
Jan-13 Jan-14 Jan-15 Jan-16 Jan-17
Jul-14 28,175 25,600 26,700 36,013 35,895 954,698 18
Aug-14 26,700 25,500 25,500 30,897 41,565 1,087,452 20
Sep-14 26,050 22,775 23,000 36,936 42,691 1,018,059 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 23,500 19,250 23,500 49,512 57,643 1,222,233 23
Agriculture Index Nov-14 25,450 22,775 24,000 32,960 31,250 749,632 20
January 2013 - July 2017 Dec-14 24,550 22,350 24,250 33,746 27,072 634,605 20
60%
Jan-15 26,150 23,150 23,250 27,912 24,553 601,935 21
45% Feb-15 26,500 23,275 24,650 29,712 29,124 726,319 19
Mar-15 26,525 23,150 24,300 26,722 25,084 637,986 22
34.4%
30% Apr-15 24,300 19,500 20,350 26,871 28,559 638,079 21
May-15 27,525 20,050 24,800 33,350 38,857 974,137 19
15% Jun-15 25,850 21,325 22,950 32,679 24,454 576,705 21
Jul-15 26,000 19,675 20,075 30,222 23,184 550,225 19
Aug-15 20,850 14,425 17,125 28,690 22,867 412,376 20
-
Sep-15 18,750 14,800 18,125 36,232 30,935 544,607 21
Oct-15 22,100 18,025 19,900 55,619 53,626 1,054,439 21
-15%
-18.4% Nov-15 21,000 16,950 16,950 32,399 29,531 555,340 21
-22.9% Dec-15 18,150 15,375 15,850 30,614 24,679 408,397 19
-30%
Jan-16 17,450 15,600 17,075 35,425 32,255 535,544 20

-45% Feb-16 19,550 14,000 14,850 52,893 56,987 949,953 20
Mar-16 18,300 14,800 18,200 49,171 45,802 768,571 21
-60% Apr-16 18,250 15,700 16,100 34,829 29,650 489,398 21
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 16,275 13,825 14,150 35,764 71,927 1,044,949 20
Jun-16 16,250 13,775 14,700 50,168 90,733 1,353,438 22
Jul-16 15,700 14,000 14,500 29,563 51,399 759,717 16
SHARES TRADED 2013 2014 2015 2016 Jul-17 Aug-16 17,225 14,400 16,400 49,045 95,902 1,541,221 22
Volume (Million Sh.) 388 439 355 654 241 Sep-16 16,750 14,800 14,825 26,585 38,216 603,103 21
Value (Billion Rp) 7,542 10,816 7,681 10,285 3,654 Oct-16 16,025 14,600 15,250 28,123 44,008 673,940 21
Frequency (Thou. X) 167 436 391 453 159 Nov-16 17,450 14,450 16,550 39,698 69,435 1,094,629 22
Days 244 242 244 246 135 Dec-16 17,950 16,150 16,775 21,730 27,486 470,914 20
Price (Rupiah) Jan-17 17,200 15,725 15,775 23,077 33,707 551,720 21

High 25,750 29,850 27,525 19,550 17,200 Feb-17 16,275 14,675 14,950 28,822 44,611 689,204 19
Low 13,100 19,250 14,425 13,775 14,100 Mar-17 15,400 14,575 14,900 20,808 48,512 738,341 22
Close 25,100 24,250 15,850 16,775 14,725 Apr-17 15,075 14,350 14,400 22,854 37,743 552,015 17
Close* 23,917 23,107 15,103 16,775 14,725 May-17 14,975 14,100 14,300 26,795 29,351 425,595 20
Jun-17 14,700 14,125 14,700 13,909 14,143 204,106 15
PER (X) 21.94 15.62 40.32 21.14 8.76 Jul-17 15,600 14,475 14,725 22,909 32,687 493,225 21
PER Industry (X) 15.46 19.34 -6.37 19.38 3.01
PBV (X) 3.85 3.41 2.13 1.95 1.52
* Adjusted price after corporate action

AALI Astra Agro Lestari Tbk. [S]
Financial Data and Ratios Book End : December
Public Accountant : Tanudiredja, Wibisana, Rintis & Rekan (Member of PricewaterhouseCoopers Global Network)
BALANCE SHEET Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Cash & Cash Equivalents 709,090 611,181 294,441 531,583 511,485 25,000
Receivables 20,554 47,451 88,026 579,126 620,397

802,978 1,278,120 1,691,575 2,097,204 2,211,302 20,000
Inventories
Current Assets 1,691,694 2,403,615 2,814,123 4,051,544 4,479,221
15,000
Fixed Assets 6,493,712 8,335,003 9,361,731 10,027,968 10,184,813
Other Assets 422,305 403,741 324,410 112,216 87,106
10,000
Total Assets 14,964,431 18,559,354 21,512,371 24,226,122 24,626,236
Growth (%) 24.02% 15.91% 12.61% 1.65% 5,000
Current Liabilities 3,759,265 4,110,955 3,522,133 3,942,967 4,069,147 -

Long Term Liabilities 941,812 2,614,621 6,291,451 2,689,673 2,658,548 2013 2014 2015 2016 Jun-17
Total Liabilities 4,701,077 6,725,576 9,813,584 6,632,640 6,727,695
Growth (%) 43.06% 45.91% -32.41% 1.43%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 17,899
17,593
Paid up Capital 787,373 787,373 787,373 962,344 962,344 17,899
Paid up Capital (Shares) 1,575 1,575 1,575 1,925 1,925

Par Value 500 500 500 500 500
14,247
11,834 11,699
Retained Earnings 9,019,251 10,544,828 10,413,840 12,293,945 12,628,518 10,263
10,263,354 11,833,778 11,698,787 17,593,482 17,898,541
10,596
Total Equity
Growth (%) 15.30% -1.14% 50.39% 1.73% 6,945
INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 3,293
Total Revenues 12,674,999 16,305,831 13,059,216 14,121,374 8,546,154

Growth (%) 28.65% -19.91% 8.13%
-358
2013 2014 2015 2016 Jun-17
Cost of Revenues 8,592,003 11,352,975 9,977,118 10,445,360 6,484,481

Gross Profit 4,082,996 4,952,856 3,082,098 3,676,014 2,061,673
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 1,484,383 1,271,019 1,906,585 1,467,236 566,395
Operating Profit - - - - - 16,306
Growth (%)
16,306
14,121
12,675 13,059
12,979
Other Income (Expenses) - - - - -

Income before Tax 2,598,613 3,681,837 1,175,513 2,208,778 1,495,278 9,653 8,546
Tax 694,729 1,059,765 479,829 94,479 402,683

Profit for the period 1,903,884 2,622,072 695,684 2,114,299 1,092,595 6,327
Growth (%) 37.72% -73.47% 203.92%

3,000
Period Attributable 1,802,193 2,504,467 619,107 2,006,973 1,043,583 -326
Comprehensive Income 1,937,046 2,585,442 689,403 2,179,787 1,095,765 2013 2014 2015 2016 Jun-17
Comprehensive Attributable 1,834,662 2,468,849 612,292 2,070,649 1,046,708
RATIOS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 45.00 58.47 79.90 102.75 110.08
2,622
Dividend (Rp) 675.00 960.00 - 99.00 - 2,622
EPS (Rp) 1,144.43 1,590.40 393.15 1,042.75 542.21 2,114

1,904
BV (Rp) 6,517.47 7,514.73 7,429.00 9,140.95 9,299.45 2,087
DAR (X) 0.31 0.36 0.46 0.27 0.27

DER(X) 0.46 0.57 0.84 0.38 0.38
1,552
1,093
ROA (%) 12.72 14.13 3.23 8.73 4.44
696
1,017
ROE (%) 18.55 22.16 5.95 12.02 6.10

GPM (%) 32.21 30.37 23.60 26.03 24.12 482
OPM (%) - - - - -
NPM (%) 15.02 16.08 5.33 14.97 12.78
-52
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 58.98 60.36 - 9.49 -
Yield (%) 2.69 3.96 - 0.59 -

COMPANY REPORT
ADHI
ADHI KARYA (PERSERO) TBK.
Company Profile

PT Adhi Karya (Persero) Tbk was established dated June 3rd , 1974. The company is
managed to show its ability as a leading construction company in Southeast Asia,
through competitiveness and proven experience by running successful construction
projects.ADHIcouldnothaveachievedsuccesswithoutthesupportandparticipation
of the public. ADHI plays an active role in developing CSR programs as well as the
CompanysPartnershipandEnvironmentalPreservationProgram.

In accordance with the LongTerm Business Plan of ADHI 20122016, the Company
plans for corporate activities in five business lines in order to increase the value of
ADHI. Those business lines are Construction, EPC, Property, Realty and Investment in
Infrastructure.InourcorebusinesslinesofconstructionandEPCservices,ourbusiness
development strategy is focused on continuously enhancing our professionalism
through quality products and timely deliveries. Here, the role of ALC (ADHI Learning
Center)comesintotheforefront.ALChasbeeninoperationsformorethanayear,and
its benefits are already felt. Through ALC, ADHI personnel are equipped with the
passiontoexcel,andtoalwaysstriveforqualitybyworkingintelligentlyandefficiently.
With such passion, we form another subsidiary entity specialize in building
constructionAdhiPersadaGedung(APG).

In addition to the Construction and EPC businesses, the Company has operated and
profited from the Property and Realty businesses through two subsidiary entities,
namelyAdhiPersadaProperti(APP)andAdhiPersadaRealti(APR).Expandingfromthe
Propertybusinessbase,theCompanyhasalsomadeplanstodevelopfourstarhotels
inBlokMareaJakarta,andSurabaya;andthreestarhotelsinBekasiandMedan.This
move is designed to strengthen our Property business structure in the future, in
additiontoreapthebenefitofrecurringincome.Meanwhile,intheRealtybusiness,we
are adopting a strategy of not only developing landed houses, but also managing
commercialareas(malls,lifestylecentersandshoppingcomplexes)alsowiththeaimof
strengthening our recurring income. From the point of view of market demand, the
need for precast concrete has grown significantly in support of major infrastructure
projects. Modern project management also requires applications in precast concrete
technologythatcanenhanceprojectexecutions,whetherintheformofconcretepiles
or other products. In order to manage the business professionally, independent, and
fast emerging, the Company plan to establish a new subsidiary namely Adhi Persada
Beton(APB).

AsofJune30th,2017,theCompanyandsubsidiarieshad1,385permanentemployees.
August 2017
Disclaimer:

ADHI AdhiKarya(Persero)Tbk.[S]
Industry Sector : Property, Real Estate And Building Construction (6) Listed Shares : 3,560,849,376
Industry Sub Sector : Building Construction (62) Market Capitalization : 7,905,085,614,720
116 | 7.91T | 0.12% | 87.85%
39 | 10.6T | 0.56% | 68.76%

Established Date : 11-Mar-1960 1. Negara Republik Indonesia 1,816,046,624 : 51.00%
Listing Date : 18-Mar-2004 2. Public (<5%) 1,744,802,752 : 49.00%
Under Writer IPO :
PT Ciptadana Sekuritas DIVIDEND ANNOUNCEMENT
F/I
PT Datindo Entrycom Year Shares Dividend Cum Date Ex Date Date Date
Wisma Sudirman - Puri Datindo 2003 12.30 07-Jul-04 08-Jul-04 12-Jul-04 23-Jul-04 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2005 19.56 17-Jun-05 20-Jun-05 22-Jun-05 06-Jul-05
Phone : (021) 570-9009 2005 12.98 20-Jul-06 21-Jul-06 25-Jul-06 08-Aug-06 F
Fax : (021) 570-9026 2006 10.61 17-Jul-07 18-Jul-07 20-Jul-07 03-Aug-07 F
2008 11.51 02-Jul-09 03-Jul-09 07-Jul-09 22-Jul-09 F
BOARD OF COMMISSIONERS 2009 28.26 30-Jun-10 01-Jul-10 05-Jul-10 19-Jul-10 F
1. M. Fadjroel Rachman 2010 32.35 04-Jul-11 05-Jul-11 07-Jul-11 20-Jul-11 F
2. Bobby Aa. Nazief 2011 30.33 05-Jun-12 06-Jun-12 08-Jun-12 22-Jun-12 F
3. Hironimus Hilapok *) 2012 23.49 13-May-13 14-May-13 16-May-13 29-May-13 F
4. Muchlis R. Luddin *) 2013 67.61 04-Apr-14 07-Apr-14 10-Apr-14 25-Apr-14 F
5. Rildo Ananda Anwar 2014 35.98 27-Mar-15 30-Mar-15 01-Apr-15 22-Apr-15 I
6. Wicipto Setiadi 2015 26.23 15-Apr-16 18-Apr-16 20-Apr-16 12-May-16 F
*) Independent Commissioners
ISSUED HISTORY
BOARD OF DIRECTORS Listing Trading
1. Budi Harto No. Type of Listing Shares Date Date
2. BEP Adji Satmoko 1. First Issue 397,188,000 18-Mar-04 18-Mar-04
3. Budi Sadewa Soediro 2. Company Listing 918,680,000 18-Mar-04 18-Mar-04
4. Haris Gunawan 3. Employee Management Buy Out (EMBO) 441,320,000 18-Mar-04 03-Jul-06
5. Pundjung Setya Brata 4. Employee Stock Allocation (ESA) 44,132,000 18-Mar-04 26-Jun-04
6. V Partha Sarathi 5. Right Issue I 897,366,624 09-Oct-15 09-Oct-15
6. Right Issue I 259,180,948 13-Oct-15 13-Oct-15
AUDIT COMMITTEE 7. Right Issue I 90,316,424 15-Oct-15 15-Oct-15
1. Murhadi 8. Right Issue I 313,084,300 16-Oct-15 16-Oct-15
2. Salim Siagian 9. Right Issue I 169,499,395 19-Oct-15 19-Oct-15
3. Syaiful 10. Right Issue I 30,081,685 21-Oct-15 21-Oct-15
CORPORATE SECRETARY
Ki Syahgolang Permata
HEAD OFFICE
Jln. Raya Pasar Minggu Km.18
Jakarta - 12510
Phone : (021) 797-5312
Fax : (021) 797-5311
Homepage : www.adhi.co.id
Email : kiki@adhi.co.id
adhi@adhi.co.id

ADHI Adhi Karya (Persero) Tbk. [S]
TRADING ACTIVITIES
Adhi Karya (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
3,400 240 Jan-13 2,150 1,730 2,000 25,820 386,992 740,424 21
Feb-13 2,650 1,990 2,575 17,280 317,854 723,135 20
2,975 210 Mar-13 3,175 2,400 3,100 17,226 224,360 635,962 19
Apr-13 3,175 2,700 2,975 19,520 242,917 711,019 22
May-13 3,925 2,950 3,900 22,507 284,753 931,777 22
2,550 180
Jun-13 4,000 3,100 3,325 27,380 298,365 1,054,227 19
Jul-13 3,375 2,400 3,075 26,992 292,062 856,830 23
2,125 150
Aug-13 3,200 1,690 1,980 22,891 227,303 516,385 17
Sep-13 2,275 1,510 2,025 71,392 1,395,702 2,639,571 21
1,700 120
Oct-13 2,150 1,830 1,950 44,551 759,652 1,504,721 21
Nov-13 1,970 1,570 1,600 22,975 298,528 524,666 20
1,275 90 Dec-13 1,780 1,460 1,510 22,832 383,774 633,407 19
850 60 Jan-14 1,850 1,425 1,780 34,825 523,862 885,065 20

Feb-14 2,390 1,755 2,340 51,624 769,177 1,595,184 20
425 30 Mar-14 3,110 2,275 2,995 53,545 573,781 1,597,729 20
Apr-14 3,335 2,675 2,985 86,169 890,637 2,676,720 20
May-14 3,340 2,950 3,130 50,309 514,322 1,636,032 18
Jun-14 3,150 2,620 2,785 45,534 320,944 925,441 21
Jul-14 3,420 2,725 3,110 77,411 678,458 2,147,006 18
Aug-14 3,230 3,025 3,070 40,426 298,984 938,382 20
Sep-14 3,160 2,740 2,765 30,838 165,105 494,676 22
Property, Real Estate and Bulding Construction Index Nov-14 2,810 2,435 2,780 56,416 568,723 1,501,669 20
January 2013 - July 2017 Dec-14 3,625 2,780 3,480 81,342 933,533 2,875,053 20
140%
Jan-15 3,780 3,320 3,695 64,117 576,447 2,067,005 21
120% Feb-15 3,870 3,330 3,440 64,269 520,481 1,843,502 19
Mar-15 3,475 2,990 3,055 49,578 297,973 949,746 22
100% Apr-15 3,180 2,680 2,765 47,276 291,008 876,099 21
May-15 2,940 2,490 2,505 43,538 232,483 639,163 19
80% Jun-15 2,540 1,910 2,020 59,436 343,741 745,375 21
Jul-15 2,795 2,010 2,300 89,892 672,513 1,613,341 19
Aug-15 2,340 1,665 1,995 70,761 366,814 731,984 20
60%
51.7% Sep-15 2,340 1,855 2,250 85,168 525,345 1,119,272 21
48.7% Oct-15 2,410 1,850 2,230 102,153 1,201,936 2,604,099 21
40%
34.4% Nov-15 2,345 2,105 2,200 55,399 540,360 1,214,604 21
Dec-15 2,270 2,040 2,140 34,926 317,411 683,169 19
20%
Jan-16 2,580 2,070 2,550 70,823 856,813 2,027,511 20

- Feb-16 2,745 2,475 2,610 55,500 549,180 1,444,345 20
Mar-16 2,840 2,555 2,690 48,667 519,063 1,413,655 21
-20% Apr-16 2,910 2,645 2,675 49,750 562,525 1,558,604 21
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 2,710 2,420 2,570 44,806 371,638 945,245 20
Jun-16 2,830 2,530 2,780 44,156 448,114 1,224,428 22
Jul-16 2,900 2,700 2,830 35,306 393,230 1,105,417 16
Volume (Million Sh.) 5,112 6,662 5,887 6,076 2,749 Sep-16 2,730 2,310 2,360 58,883 449,387 1,124,446 21
Frequency (Thou. X) 341 667 767 617 258 Nov-16 2,270 1,830 1,910 42,844 338,379 692,729 22
Days 244 242 244 246 135 Dec-16 2,280 1,855 2,080 64,378 622,275 1,295,451 20
Price (Rupiah) Jan-17 2,260 2,030 2,100 38,049 371,611 802,129 21

High 4,000 3,625 3,870 2,910 2,470 Feb-17 2,350 1,945 2,130 56,156 691,793 1,485,856 19
Low 1,460 1,425 1,665 1,830 1,945 Mar-17 2,470 2,080 2,370 48,413 517,551 1,203,799 22
Close 1,510 3,480 2,140 2,080 2,220 Apr-17 2,420 2,150 2,260 27,827 273,299 623,911 17
Close* 1,281 2,953 2,140 2,080 2,220 May-17 2,420 2,150 2,350 26,000 240,181 549,671 20
Jun-17 2,340 2,130 2,150 17,209 145,864 321,552 15
PER (X) 6.70 46.54 16.43 48.23 100.91 Jul-17 2,240 1,950 2,220 44,200 508,406 1,087,262 21
PER Industry (X) 9.57 16.29 13.36 24.89 14.46
PBV (X) 1.76 4.10 1.48 1.43 1.44

ADHI AdhiKarya(Persero)Tbk.[S]
Public Accountant : Hertanto, Grace, Karunawan (Member of TIAG International)
Cash & Cash Equivalents 1,939,960 811,412 4,317,348 3,364,910 4,340,496 23,750
Receivables 2,705,085 3,214,051 3,311,392 1,596,824 4,197,701

19,000
Inventories 161,560 132,014 162,651 131,016 2,301,844

14,250
Investment 60,034 45,250 399,640 336,214 384,295
Fixed Assets 271,257 496,096 1,099,427 1,459,816 1,421,506
9,500
Other Assets 65,081 27,893 186,808 334,751 392,243
Total Assets 9,720,962 10,458,882 16,761,064 20,095,436 23,061,458 4,750
Growth (%) 7.59% 60.26% 19.89% 14.76%
-
Trade Payable 4,767,420 4,923,213 6,489,310 8,372,701 7,857,595 2013 2014 2015 2016 Jun-17
Growth (%) 6.54% 33.21% 26.33% 20.03%
Minority Interest - - - - 5,474
5,443
Authorized Capital 544,000 544,000 544,000 544,000 544,000 5,474
5,162
Paid up Capital 180,132 180,132 356,085 356,085 356,085

4,357
Par Value 100 100 100 100 100

3,241
Retained Earnings 1,307,301 1,509,579 1,789,885 1,997,137 2,061,723

Total Equity 1,548,463 1,751,543 5,162,132 5,442,780 5,474,157 1,752
1,548
2,124
Growth (%) 13.11% 194.72% 5.44% 0.58%

1,007
INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17

Total Revenues 9,799,598 8,653,578 9,389,570 11,063,943 5,184,368
-109
2013 2014 2015 2016 Jun-17

Growth (%) -11.69% 8.51% 17.83%
Cost of Revenues 8,606,444 7,655,377 8,414,926 9,948,797 4,586,030

Gross Profit 1,247,711 998,202 1,006,724 1,184,570 665,634
Operating Expenses 425,009 273,318 395,494 455,979 236,976 11,064
- 724,884 611,230 728,591 428,658 9,800

11,064
Operating Profit 9,390

8,654
Growth (%) -15.68% 19.20% 8,807
Other Income (Expenses) -108,337 -125,327 134,861 -115,969 -143,656

5,184
6,550
Income before Tax 714,365 599,557 746,091 612,622 285,002

Tax 305,927 267,896 281,066 297,515 153,469
4,293
Profit for the period 408,438 331,661 465,026 315,108 131,532

Growth (%) -18.80% 40.21% -32.24%
2,036
-221
Period Attributable 405,977 329,075 463,685 313,451 131,312 2013 2014 2015 2016 Jun-17
Comprehensive Income 409,862 304,311 878,754 404,657 131,532
Comprehensive Attributable 407,401 301,726 877,408 403,000 131,312
PROFIT FOR THE PERIOD (Bill. Rp)
RATIOS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 465
Dividend (Rp) 67.61 35.98 26.23 - -
408
EPS (Rp) 226.74 184.12 130.59 88.49 36.94
BV (Rp) 859.63 972.37 1,449.69 1,528.51 1,537.32 332
315
370
DAR (X) 0.84 0.83 0.69 0.73 0.76

5.28 4.97 2.25 2.69 3.21
275
DER(X)
ROA (%) 4.20 3.17 2.77 1.57 0.57
132
180
ROE (%) 26.38 18.94 9.01 5.79 2.40

GPM (%) 12.73 11.54 10.72 10.71 12.84 86
OPM (%) - 8.38 6.51 6.59 8.27

NPM (%) 4.17 3.83 4.95 2.85 2.54
-9
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 29.82 19.54 20.08 - -
Yield (%) 3.14 1.67 1.22 - -

COMPANY REPORT
ADRO
ADARO ENERGY TBK.
Company Profile
PTAdaroEnergyTbk.wasestablishedJuly28th,2004.TheCompanyisengagedintrading,
services, industry, coal hauling, workshop activities, mining and construction. The
Companys subsidiaries are engaged in coal mining, coal trading, mining contractor
services,infrastructure,coallogisticsandpowergenerationactivities.

The Company commenced its commercial operations in July 2005. The Companys head
office is domiciled in Jakarta and located at Menara Karya Building, 23rd Floor, Jln. H.R.
RasunaSaidBlockX5,Kav.12,SouthJakarta.

PT Adaro Energy Tbk. is a vertically integrated group; in addition to its core mining
subsidiary Adaro Indonesia, it owns subsidiaries along the length of its coal supply chain
frompittoporttopower,includinginmining,barging,shiploading,dredging,portservices,
marketingandpowergeneration.

The subsidiaries combine with a range of contractors to produce and deliver coal with
industryleadingefficiencyandlowcost.

AsMarch31st,2017,theGrouphad8,032permanentemployees.
August 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.

ADRO AdaroEnergyTbk.[S]
Main Board Individual Index : 162.273
Industry Sector : Mining (2) Listed Shares : 31,985,962,000
Industry Sub Sector : Coal Mining (21) Market Capitalization : 57,094,942,170,000
19 | 57.1T | 0.89% | 58.73%
25 | 15.8T | 0.84% | 59.39%

Established Date : 28-Jul-2004 1. PT Adaro Strategic Investments 14,045,425,500 : 43.91%
Listing Date : 16-Jul-2008 2. Garibaldi Thohir 1,976,632,654 : 6.18%
Under Writer IPO : 3. Public (<5%) 15,963,903,846 : 49.91%
PT Danatama Makmur
Securities Administration Bureau : DIVIDEND ANNOUNCEMENT
PT Ficomindo Buana Registrar Bonus Cash Recording Payment
F/I
Mayapada Tower 10th Fl. Suite 02 B, Jln. Jend. Sudirman Kav. 28, Year Shares Dividend Cum Date Ex Date Date Date
Karet - Setiabudi, Jakarta 12920 2008 11.80 25-Aug-09 26-Aug-09 28-Aug-09 11-Sep-09 F
Phone : (021) 521-2316, 2317 2009 12.00 11-Dec-09 14-Dec-09 16-Dec-09 30-Dec-09 I
Fax : (021) 521-2320 2009 17.00 02-Jun-10 03-Jun-10 07-Jun-10 18-Jun-10 F
2010 9.85 26-Nov-10 29-Nov-10 01-Dec-10 10-Dec-10 I
BOARD OF COMMISSIONERS 2010 20.50 27-May-11 30-May-11 01-Jun-11 09-Jun-11 F
1. Edwin Soeryadjaya 2011 21.35 28-Nov-11 29-Nov-11 01-Dec-11 09-Dec-11 I
2. Arini Saraswaty Subianto 2011 53.66 29-May-12 30-May-12 01-Jun-12 12-Jun-12 F
3. Palgunadi Tatit Setyawan *) 2012 12.13 29-May-12 30-May-12 01-Jun-12 12-Jun-12 I
4. Raden Pardede *) 2012 10.65 26-Dec-12 27-Dec-12 02-Jan-13 15-Jan-13 I
5. Theodore Permadi Rachmat 2012 12.36 29-May-13 30-May-13 03-Jun-13 12-Jun-13 F
*) Independent Commissioners 2013 15.30 24-Dec-13 27-Dec-13 02-Jan-14 16-Jan-14 I
2013 13.47 26-May-14 28-May-14 02-Jun-14 12-Jun-14 F
BOARD OF DIRECTORS 2014 11.73 24-Dec-14 29-Dec-14 02-Jan-15 16-Jan-15 I
1. Garibaldi Thohir 2014 18.52 30-Apr-15 04-May-15 06-May-15 27-May-15 F
2. Chia Ah Hoo 2015 15.29 28-Dec-15 29-Dec-15 04-Jan-16 15-Jan-16 I
3. Christian Ariano Rachmat 2015 17.51 25-Apr-16 26-Apr-16 28-Apr-16 20-May-16 F
4. David Tendian 2016 25.62 28-Dec-16 29-Dec-16 03-Jan-17 13-Jan-17 I
5. Julius Aslan 2016 16.78 04-May-17 05-May-17 09-May-17 26-May-17 F
6. M. Syah Indra Aman
7. Siswanto Prawiroatmodjo ISSUED HISTORY
Listing Trading
AUDIT COMMITTEE No. Type of Listing Shares Date Date
1. Palgunadi Tatit Setyawan 1. First Issue 11,139,331,000 16-Jul-08 16-Jul-08
2. Irwandy Arif 2. Company Listing 20,846,631,000 16-Jul-08 16-Apr-09
3. Mamat Ma'mun
CORPORATE SECRETARY
Mahardika Putranto
HEAD OFFICE
Menara Karya 22nd Fl.
Jln. H.R. Rasuna Said, Blok X-5, Kav. 1 - 2
Jakarta 12950
Phone : (021) 2553-3000
Fax : (021) 2559-3083
Homepage : www.adaro.com
Email : mahardika.putranto@ptadaro.com

ADRO Adaro Energy Tbk. [S]
TRADING ACTIVITIES
Adaro Energy Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,000 480 Jan-13 1,770 1,590 1,650 35,702 693,704 1,175,414 21
Feb-13 1,680 1,550 1,570 29,234 578,305 922,195 20
1,750 420 Mar-13 1,580 1,250 1,310 34,568 1,179,303 1,701,990 19
Apr-13 1,370 1,190 1,230 28,764 699,841 898,296 22
May-13 1,240 920 930 40,369 1,088,707 1,179,144 22
1,500 360
Jun-13 930 750 860 46,114 1,004,249 849,300 19
Jul-13 860 670 700 38,801 1,288,624 930,027 23
1,250 300
Aug-13 940 640 930 42,185 1,653,523 1,307,578 17
Sep-13 1,030 870 900 45,303 1,566,310 1,494,923 21
1,000 240
Oct-13 1,130 890 1,020 42,712 1,230,844 1,250,459 21
Nov-13 1,240 1,010 1,130 49,717 1,820,926 2,085,692 20
750 180 Dec-13 1,250 1,040 1,090 35,467 1,059,797 1,223,837 19
500 120 Jan-14 1,110 870 950 67,166 1,717,526 1,651,052 20

Feb-14 995 880 995 52,885 1,197,188 1,126,593 20
250 60 Mar-14 1,040 945 980 59,759 1,369,759 1,357,397 20
Apr-14 1,205 930 1,185 55,961 1,295,481 1,355,337 20
May-14 1,320 1,100 1,225 60,224 1,439,612 1,768,558 18
Jun-14 1,340 1,130 1,175 59,842 1,173,729 1,460,502 21
Jul-14 1,210 1,080 1,185 58,308 1,079,081 1,241,003 18
Aug-14 1,350 1,170 1,315 67,428 1,186,836 1,515,182 20
Sep-14 1,390 1,150 1,175 58,209 927,416 1,196,582 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 1,185 920 1,135 87,590 1,641,955 1,706,381 23
Mining Index Nov-14 1,150 980 1,080 55,494 1,174,713 1,247,984 20
January 2013 - July 2017 Dec-14 1,145 995 1,040 47,125 1,050,501 1,123,969 20
45%
Jan-15 1,050 925 1,000 70,943 1,137,115 1,117,884 21
34.4%
30% Feb-15 1,025 940 960 53,979 1,400,629 1,385,742 19
Mar-15 1,035 935 950 61,722 1,137,398 1,117,337 22
15% Apr-15 990 835 875 49,786 716,447 686,954 21
May-15 940 835 860 42,790 883,826 789,582 19
- 2.6% Jun-15 925 755 760 44,264 547,730 454,253 21
Jul-15 775 550 590 58,960 1,163,030 730,274 19
Aug-15 650 467 595 66,912 1,314,901 741,787 20
-15%
Sep-15 630 510 535 44,300 786,360 457,284 21
-24.7% Oct-15 710 515 595 72,138 1,316,804 825,705 21
-30%
Nov-15 660 525 550 40,268 801,156 481,184 21
Dec-15 560 441 515 41,140 771,262 409,713 19
-45%
Jan-16 540 437 525 49,972 717,704 348,594 20

-60% Feb-16 655 500 605 49,294 992,131 591,215 20
Mar-16 800 610 645 78,161 1,559,369 1,113,338 21
-75% Apr-16 770 645 730 62,752 1,311,115 936,423 21
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 730 655 710 42,427 699,543 490,135 20
Jun-16 945 705 850 85,576 2,086,354 1,771,262 22
Jul-16 1,090 860 1,040 57,749 1,195,084 1,207,282 16
SHARES TRADED 2013 2014 2015 2016 Jul-17 Aug-16 1,200 1,015 1,150 92,405 1,438,700 1,627,227 22
Volume (Million Sh.) 13,864 15,254 11,977 15,197 4,624 Sep-16 1,290 1,105 1,205 82,920 1,003,718 1,206,185 21
Value (Billion Rp) 15,019 16,751 9,198 15,784 7,756 Oct-16 1,605 1,250 1,585 93,165 1,240,670 1,799,252 21
Frequency (Thou. X) 469 730 647 916 481 Nov-16 1,735 1,465 1,530 142,999 1,757,498 2,829,944 22
Days 244 242 244 246 135 Dec-16 1,770 1,580 1,695 78,919 1,195,610 1,863,543 20
Price (Rupiah) Jan-17 1,760 1,655 1,695 73,011 531,367 911,947 21

High 1,770 1,390 1,050 1,770 1,940 Feb-17 1,755 1,615 1,695 53,483 535,620 910,453 19
Low 640 870 441 437 1,395 Mar-17 1,845 1,565 1,750 81,339 704,697 1,205,722 22
Close 1,090 1,040 515 1,695 1,785 Apr-17 1,940 1,770 1,775 61,224 604,434 1,125,829 17
Close* 1,090 1,040 515 1,695 1,785 May-17 1,795 1,395 1,520 81,970 937,416 1,429,528 20
Jun-17 1,670 1,465 1,580 60,421 531,927 841,432 15
PER (X) 12.29 9.27 7.83 14.96 11.28 Jul-17 1,850 1,565 1,785 69,632 778,160 1,330,716 21
PER Industry (X) 20.76 3.23 0.60 -4.41 6.07
PBV (X) 0.89 0.81 0.36 1.18 1.15

ADRO Adaro Energy Tbk. [S]
BALANCE SHEET Dec-13 Dec-14 Dec-15 Dec-16 Mar-17 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
Cash & Cash Equivalents 8,354,692 9,267,904 9,689,623 14,469,873 14,821,704 100,000
Receivables 3,822,657 3,571,196 2,732,288 4,099,162 4,454,396

1,260,706 1,203,096 1,004,079 986,431 1,014,860 80,000
Inventories
Current Assets 16,820,685 15,814,016 15,070,207 21,399,719 21,968,580
60,000
Fixed Assets 20,930,154 20,104,075 20,237,329 20,747,697 19,940,858
Other Assets 248,811 268,605 359,651 352,265 384,977
40,000
Total Assets 82,623,566 79,762,813 82,193,328 87,633,045 86,725,518
Growth (%) -3.46% 3.05% 6.62% -1.04% 20,000

Long Term Liabilities 33,927,838 29,595,155 29,672,453 28,105,694 27,040,777 2013 2014 2015 2016 Mar-17
Growth (%) -9.66% -8.38% 2.29% -2.35%
Authorized Capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 50,867 50,824
Paid up Capital 3,198,596 3,198,596 3,198,596 3,198,596 3,198,596 50,867
46,252
Paid up Capital (Shares) 31,986 31,986 31,986 31,986 31,986 39,203 40,535
Par Value 100 100 100 100 100
40,490

39,202,687 40,534,794 46,251,875 50,867,111 50,823,678
30,113
Total Equity
Growth (%) 3.40% 14.10% 9.98% -0.09% 19,736
INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Mar-17 9,360
Total Revenues 40,308,692 41,355,222 37,029,662 33,915,675 9,678,333

Growth (%) 2.60% -10.46% -8.41%
-1,017
2013 2014 2015 2016 Mar-17
Cost of Revenues 31,238,880 32,404,572 29,535,382 24,708,307 6,779,869

Gross Profit 9,069,812 8,950,649 7,494,280 9,207,368 2,898,463
Expenses (Income) 2,514,135 2,859,099 2,916,314 1,312,133 380,941
Operating Profit 6,555,677 6,091,551 4,577,967 7,895,235 2,517,522 40,309 41,355
37,030
Growth (%) -7.08% -24.85% 72.46%
41,355
33,916
32,919
Other Income (Expenses) -1,411,062 -2,091,648 -716,019 -552,193 -99,162

Income before Tax 5,144,615 3,999,903 3,861,948 7,343,043 2,418,361 24,482
Tax 2,331,558 1,721,080 1,779,012 2,765,586 953,277

Profit for the period 2,813,057 2,278,822 2,082,935 4,577,457 1,465,084 16,046
9,678
Growth (%) -18.99% -8.60% 119.76%
7,609
Period Attributable 2,837,204 2,212,327 2,102,757 4,495,968 1,293,935 -827
Comprehensive Income 2,765,793 1,845,565 2,433,220 5,129,462 1,353,027 2013 2014 2015 2016 Mar-17
Comprehensive Attributable 2,774,247 1,811,888 2,467,512 5,031,916 1,163,350
RATIOS Dec-13 Dec-14 Dec-15 Dec-16 Mar-17 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 177.19 164.17 240.39 247.10 247.92
4,577
Dividend (Rp) 28.77 30.24 32.80 42.40 - 4,577
EPS (Rp) 88.70 69.17 65.74 140.56 40.45

BV (Rp) 1,225.62 1,267.27 1,446.01 1,590.29 1,588.94 3,644
2,813
DAR (X) 0.53 0.49 0.44 0.42 0.41
2,279
DER(X) 1.11 0.97 0.78 0.72 0.71
2,710
2,083
ROA (%) 3.40 2.86 2.53 5.22 1.69 1,776 1,465
ROE (%) 7.18 5.62 4.50 9.00 2.88
GPM (%) 22.50 21.64 20.24 27.15 29.95 842
OPM (%) 16.26 14.73 12.36 23.28 26.01

NPM (%) 6.98 5.51 5.63 13.50 15.14
-92
2013 2014 2015 2016 Mar-17

Payout Ratio (%) 32.43 43.72 49.89 30.16 -
Yield (%) 2.64 2.91 6.37 2.50 -

COMPANY REPORT
AKRA
AKR CORPORINDO TBK.
Company Profile
PTAKRCorporindoTbk.wasestablisheddatedNovember28th,1977.TheCompanysscope
of activities comprises of chemical industry, general trading and distribution of primarily
chemical products and petroleum products and gas, engaging in the logistics business,
transportation (including for own use and for transport operations by land or sea and
operationsofpipeforseatransportationinfrastructure),rentalofwarehousesandstorage
tanks,includingworkshop,expeditionandpackaging,conductingabusinessandactingasa
representative and/or an agent, with distributorship agreements with foreign and local
entities,contractorsandotherservicesexceptlegalservices.

TheCompanyiscurrentlyengagedinthedistributionofpetroleumproductstoindustrial
customers, distribution and trading of chemical products (such as caustic soda, sodium
sulphate, PVC resin and soda ash) used by various industries in Indonesia in accordance
with distributorship agreements with foreign and local manufacturers, rental of
warehouses,transportationvehicles,tanksandotherlogisticservices.

TheCompanystarteditscommercialoperationsinJune1978.

The Company is domiciled at Wisma AKR, 8th Floor, JIn. Panjang No. 5, Kebon Jeruk,
Jakarta.ItsmajorbranchofficeislocatedatJIn.SumatraNo.5153,Surabaya.Othersales
offices also the tank terminals are located in Medan, Palembang, Lampung, Ciwandan
(Banten), Bandung, Semarang, Pontianak, Balikpapan, Banjarmasin, Stagen (South
Kalimantan),Makassar,ManadoandBali.TheCompanyalsohasarepresentativeofficein
Guigang,China.

AsofJune30th,2017,theCompanyandsubsidiarieshad2,545permanentemployees.
August 2017
Disclaimer:

AKRA AKR Corporindo Tbk. [S]
Industry Sector : Trade, Services & Investment (9) Listed Shares : 4,000,142,270
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91) Market Capitalization : 27,600,981,663,000
41 | 27.6T | 0.43% | 71.18%
50 | 8.75T | 0.47% | 74.38%

Established Date : 28-Nov-1977 1. PT Arthakencana Rayatama 2,338,456,120 : 58.46%
Listing Date : 03-Oct-1994 2. Public (<5%) 1,661,686,150 : 41.54%
Under Writer IPO :
PT Lippo Securities DIVIDEND ANNOUNCEMENT
F/I
Plaza Central Building 2nd Fl. 2010 30.00 19-Nov-10 22-Nov-10 24-Nov-10 09-Dec-10 I
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 2010 135.00 11-Mar-11 14-Mar-11 16-Mar-11 29-Mar-11 I
Phone : (021) 252-5666 2010 2.00 31-May-11 01-Jun-11 06-Jun-11 20-Jun-11 F
Fax : (021) 252-5028 2011 200.00 22-Aug-11 23-Aug-11 25-Aug-11 08-Sep-11 I
2011 25.00 06-Jun-12 07-Jun-12 11-Jun-12 25-Jun-12 F
BOARD OF COMMISSIONERS 2012 40.00 26-Dec-12 27-Dec-12 02-Jan-13 16-Jan-13 I
1. Soegiarto Adikoesoemo 2012 65.00 31-May-13 03-Jun-13 05-Jun-13 20-Jun-13 F
2. I Nyoman Mastra *) 2013 50.00 18-Sep-13 19-Sep-13 23-Sep-13 04-Oct-13 I
3. Mahendra Siregar 2013 65.00 05-Jun-14 06-Jun-14 10-Jun-14 24-Jun-14 F
*) Independent Commissioners 2014 50.00 09-Sep-14 10-Sep-14 12-Sep-14 26-Sep-14 I
2014 80.00 12-May-15 13-May-15 18-May-15 29-May-15 F
BOARD OF DIRECTORS 2015 100.00 07-Aug-15 08-Aug-15 12-Aug-15 21-Aug-15 I
1. Haryanto Adikoesoemo 2015 20.00 09-May-16 10-May-16 12-May-16 25-May-16 F
2. Arief Budiman Utomo 2016 70.00 02-Aug-16 03-Aug-16 05-Aug-16 25-Aug-16 I
3. Bambang Soetiono Soedijanto 2016 50.00 28-Apr-17 02-May-17 04-May-17 19-May-17 F
4. Jimmy Tandyo 2017 100.00 01-Aug-17 02-Aug-17 04-Aug-17 15-Aug-17 I
5. Mery Sofi
6. Nery Polim ISSUED HISTORY
7. Suresh Vembu Listing Trading
8. Ter Murti Tiban No. Type of Listing Shares Date Date
1. First Issue 15,000,000 03-Oct-94 03-Oct-94
AUDIT COMMITTEE 2. Company Listing 50,000,000 T: 03-Oct-94 : 06-May-95
1. I Nyoman Mastra 3. Bonus Shares 39,000,000 01-Apr-96 01-Apr-96
2. Edwin Gerungan 4. Stock Split 2,600,000,000 T: 30-Sep-96 : 27-Jul-07
3. Sahat Pardede 5. Right Issue 1,043,658,500 T: 20-Dec-04 : 16-Feb-10
6. OPSI Conversion 18,292,500 T: Formula : 11-Apr-08
CORPORATE SECRETARY 7. Opsi MSOP Conversion 114,776,500 T: Formula : 09-Apr-10
Harryati Utami 8. MSOP V (2011) 3, I (2012) 2, I (2013) 1 22,714,000 T: 04-Apr-14 : 11-Apr-14
9. MSOP V (2011) 3, I (2012) 2, II (2013) 1 9,996,174 07-Oct-14 07-Oct-14
HEAD OFFICE 10. MSOP I (2012) 2, II (2013) 1 200,000 09-Oct-14 09-Oct-14
Wisma AKR 7th - 8th Fl. 11. MSOP I (2012) 3, MSOP II (2013) 2 20,525,500 T: 06-Apr-15 : 07-Apr-15
Jln. Panjang No. 5, Kebon Jeruk 12. MSOP I (2012) 3, MSOP II (2013) 2, MSOP 2014 5,549,400 T: 08-Apr-15 : 10-Apr-15
Jakarta 13. MSOP Tahap I Tahun 2012 Vesting 3 3,735,000 05-Oct-15 05-Oct-15
Phone : (021) 531-1110 14. MSOP Tahap II Tahun 2013 Vesting 2 3,546,261 T: 05-Oct-15 : 08-Oct-15
Fax : (021) 531-1185, 531-1388, 531-1128 15. MSOP Tahun 2014 Vesting 1 2,036,400 T: 07-Oct-15 : 12-Oct-15
16. MSOP Tahun 2014 Vesting 2 14,647,500 08-Apr-16 08-Apr-16
Homepage : www.akr.co.id 17. MSOP Tahap II Tahun 2013 26,549,435 T: 11-Apr-16 : 13-Apr-16
Email : harryati.utami@akr.co.id 18. MSOP Tahun 2015 Vesting 1 1,554,000 T: 11-Oct-16 : 12-Oct-16
tami@akr.co.id 19. MSOP Tahun 2015 Vesting 2 5,010,000 T: 05-Apr-17 : 13-Apr-17
20. MSOP Tahun 2016 Vesting 1 3,351,100 T: 05-Apr-17 : 13-Apr-17

AKRA AKR Corporindo Tbk. [S]
TRADING ACTIVITIES
AKR Corporindo Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
10,000 160 Jan-13 4,200 3,775 3,875 23,466 315,427 1,245,106 21
Feb-13 4,500 3,825 4,475 19,230 218,111 902,451 20
8,750 140 Mar-13 5,550 4,425 5,000 14,741 189,877 947,949 19
Apr-13 5,350 4,850 5,150 17,228 166,257 851,310 22
May-13 5,500 4,850 5,350 19,669 183,716 958,295 22
7,500 120
Jun-13 6,100 4,625 5,300 31,480 288,147 1,525,542 19
Jul-13 5,450 4,325 4,325 26,256 227,366 1,090,451 23
6,250 100
Aug-13 4,950 3,475 3,975 22,430 245,307 1,040,139 17
Sep-13 4,650 3,500 4,000 22,308 275,681 1,093,424 21
5,000 80
Oct-13 5,350 4,000 4,850 19,727 193,237 914,203 21
Nov-13 5,050 4,425 4,675 19,926 204,324 972,950 20
3,750 60 Dec-13 4,975 4,350 4,375 14,061 129,874 616,656 19
2,500 40 Jan-14 4,820 4,175 4,400 32,248 151,840 680,984 20

Feb-14 4,625 4,200 4,560 34,928 187,729 840,663 20
1,250 20 Mar-14 5,200 4,490 4,835 30,860 182,352 874,778 20
Apr-14 5,200 4,625 4,770 34,583 161,251 781,369 20
May-14 4,750 4,125 4,125 30,225 175,805 789,077 18
Jun-14 4,640 4,175 4,330 26,447 178,895 790,700 21
Jul-14 4,750 4,255 4,400 26,710 188,850 855,524 18
Aug-14 5,375 4,400 5,250 25,846 165,098 786,913 20
Sep-14 5,825 5,050 5,450 28,569 160,850 853,493 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 5,475 4,700 4,925 29,475 160,511 796,156 23
Trade, Sevices and Investment Index Nov-14 4,950 4,540 4,650 30,471 192,944 900,889 20
January 2013 - July 2017 Dec-14 4,680 3,950 4,120 54,597 234,929 1,040,676 20
105%
Jan-15 4,750 4,110 4,695 50,776 274,374 1,245,406 21
90% Feb-15 4,920 4,565 4,870 27,389 161,693 768,346 19
Mar-15 5,200 4,800 5,125 24,742 198,686 999,074 22
75% Apr-15 5,675 4,960 5,200 32,243 261,347 1,384,596 21
67.3% May-15 5,775 5,000 5,475 22,396 111,597 601,606 19
60% Jun-15 6,225 5,100 5,925 24,500 114,486 645,479 21
Jul-15 6,100 5,200 5,750 34,681 155,464 877,200 19
Aug-15 6,100 5,225 6,075 34,867 161,322 912,186 20
45%
Sep-15 6,075 5,500 5,850 45,702 175,509 1,012,181 21
34.4% Oct-15 6,225 5,600 5,900 68,112 205,663 1,197,809 21
30%
Nov-15 6,200 5,775 6,100 70,486 339,847 2,046,075 21
24.2%
Dec-15 7,300 6,075 7,175 45,178 156,416 1,055,458 19
15%
Jan-16 7,900 6,700 7,350 51,362 203,633 1,469,733 20

- Feb-16 8,450 7,150 8,175 48,921 135,035 1,050,475 20
Mar-16 8,075 6,750 6,950 62,967 158,482 1,164,531 21
-15% Apr-16 7,100 6,350 6,500 52,211 183,729 1,240,587 21
Jun-16 6,475 5,800 6,400 42,995 187,797 1,152,130 22
Jul-16 6,925 6,400 6,750 38,261 108,541 727,304 16
SHARES TRADED 2013 2014 2015 2016 Jul-17 Aug-16 7,100 6,550 6,675 43,220 142,869 969,694 22
Volume (Million Sh.) 2,637 2,141 2,316 1,705 1,009 Sep-16 6,950 6,200 6,450 30,439 95,807 637,583 21
Days 244 242 244 246 135 Dec-16 6,775 5,400 6,000 44,065 95,054 587,752 20
Price (Rupiah) Jan-17 6,875 5,650 6,675 29,072 87,885 552,709 21

High 6,100 5,825 7,300 8,450 6,975 Feb-17 6,975 6,100 6,350 33,583 103,395 676,591 19
Low 3,475 3,950 4,110 5,400 5,650 Mar-17 6,750 6,050 6,250 43,221 156,567 995,019 22
Close 4,375 4,120 7,175 6,000 6,900 Apr-17 6,900 6,125 6,775 23,772 140,743 911,661 17
Close* 4,375 4,120 7,175 6,000 6,900 May-17 6,825 6,200 6,625 32,483 190,007 1,212,976 20
Jun-17 6,750 6,275 6,525 22,757 148,574 961,251 15
PER (X) 26.19 20.90 27.41 22.65 26.22 Jul-17 6,900 6,250 6,900 33,588 182,010 1,169,054 21
PER Industry (X) 15.42 22.13 14.53 19.07 8.98
PBV (X) 3.17 2.84 3.89 3.06 3.24

AKRA AKRCorporindoTbk.[S]
Public Accountant : Purwantono, Sungkoro & Surja (Member of Ernst & Young Global Limited)
Cash & Cash Equivalents 820,065 896,591 1,289,809 1,366,943 893,014 17,500
Receivables 4,351,773 4,350,615 3,093,357 2,600,467 3,276,767

1,823,246 934,877 2,598,793 862,466 937,549 14,000
Inventories
Current Assets 7,723,315 6,719,745 7,285,599 7,391,379 7,610,562
10,500
Fixed Assets 4,226,692 4,390,207 4,469,498 4,561,738 4,728,986
Other Assets 20,218 21,220 40,963 47,249 62,248
7,000
Total Assets 14,633,141 14,791,917 15,203,130 15,830,741 16,519,345
Growth (%) 1.09% 2.78% 4.13% 4.35% 3,500

Long Term Liabilities 2,676,688 2,646,978 3,045,552 1,940,713 1,766,906 2013 2014 2015 2016 Jun-17
Growth (%) -4.74% -10.35% -2.03% 2.00%
Paid up Capital 388,073 391,364 393,971 399,178 400,014 8,608
8,074
7,286
Par Value 100 100 100 100 100 5,961
6,852
5,363
5,096
Total Equity 5,363,161 5,961,183 7,286,175 8,074,320 8,608,159

Growth (%) 11.15% 22.23% 10.82% 6.61% 3,340
Total Revenues 22,337,928 22,468,328 19,764,821 15,212,591 9,220,900

Growth (%) 0.58% -12.03% -23.03%
-172
2013 2014 2015 2016 Jun-17
Cost of Revenues 20,970,288 20,736,407 17,548,827 13,337,659 8,168,101

Gross Profit 1,367,641 1,731,920 2,215,994 1,874,932 1,052,799
Expenses (Income) 600,059 695,937 866,825 685,931 260,428
Operating Profit 767,582 1,063,170 1,349,170 1,175,362 792,371 22,338 22,468
38.51% 26.90% -12.88% 19,765

22,468
Growth (%)
15,213
17,885
Other Income (Expenses) -37,581 -69,826 -32,149 -19,195 -7,090

Income before Tax 733,053 993,344 1,317,021 1,118,547 785,281 13,301
Tax 117,426 202,780 233,174 71,695 102,021 9,221
Profit for the period 615,627 790,563 1,058,741 1,046,852 683,260

8,718
Growth (%) 28.42% 33.92% -1.12%

4,134
Period Attributable 648,250 810,094 1,033,630 1,010,786 588,428 -449
Comprehensive Income 980,588 739,586 1,084,776 901,038 677,589 2013 2014 2015 2016 Jun-17
Comprehensive Attributable 969,250 756,333 1,046,610 878,161 584,502
Current Ratio (%) 117.14 108.67 149.56 127.09 123.86
1,059 1,047
Dividend (Rp) 115.00 130.00 120.00 120.00 100.00 1,059
EPS (Rp) 167.04 206.99 262.36 253.22 147.10

791
BV (Rp) 1,382.00 1,523.18 1,849.42 2,022.74 2,151.96 843
683
DAR (X) 0.63 0.60 0.52 0.49 0.48 616
1.73 1.48 1.09 0.96 0.92
627
DER(X)
ROA (%) 4.21 5.34 6.96 6.61 4.14 411
ROE (%) 11.48 13.26 14.53 12.97 7.94

GPM (%) 6.12 7.71 11.21 12.32 11.42 195
OPM (%) 3.44 4.73 6.83 7.73 8.59

NPM (%) 2.76 3.52 5.36 6.88 7.41
-21
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 68.84 62.80 45.74 47.39 67.98
Yield (%) 2.63 3.16 1.67 2.00 1.53

COMPANY REPORT
ANTM
ANEKA TAMBANG (PERSERO) TBK.
Company Profile
PT Aneka Tambang Tbk. was established dated July 5rd, 1968. ANTAM is a vertically
integrated, exportoriented, diversified mining and metals company. With operations
spread throughout the mineralrich Indonesian archipelago, ANTAM undertakes all
activities from exploration, excavation, processing through to marketing of nickel ore,
ferronickel, gold, silver, bauxite and coal. The company has long term loyal blue chip
customersinEuropeandAsia.Duetothevastnessofthecompany'slicensedexploration
areas as well as its known large holdings of high quality reserves and resources, ANTAM
has formed several joint ventures with international partners to profitably develop
geologicalorebodiesintoprofitablemines.

ANTAM's objectives are centered on increasing shareholder value. The company's main
objective is to enhance shareholder value by lowering costs while profitably expanding
operations in a sustainable manner. The strategy maintains focus on ANTAM's core
businessofnickel,goldandbauxitewithaviewtomaximizingoutputinordertoincrease
cash generation and lower unit costs. ANTAM plans to sustain growth through reliable
expansion projects, strategic alliances, increasing quality reserves and adding value by
moving away from selling raw materials and increasing processing activities. ANTAM will
alsomaintainfinancialstrength.BygeneratingasmuchcashaspossibleANTAMensuresit
will have sufficient funds to repay debts, finance continued growth and pay dividends.
Lowering costs means operating more efficiently and productively, as well as increasing
capacitytobenefitfromeconomiesofscale.
2015wasachallengingyearfortheglobalminingindustryduelowercommoditypricesas
a result of the slowdown in global economy condition. Despite these challenges, in 2015
ANTAMsoperationalperformanceremainedpositive.ANTAMwasfocusingoninnovation
and efficiency in its line of businesses. ANTAM also strived to create and implement its
winning strategy to capture the growth potential despite challenging times. ANTAMs
effortstoensurethesuccessfuldeliveryofitscommitmentwilldeterminethecompanys
sustainability.Throughtheseefforts,ANTAMremainedoptimisticofitsfuture.

AsofMarch31st,2017,theCompanyandsubsidiarieshad3,173permanentemployees.
August 2017
Disclaimer:

ANTM AnekaTambang(Persero)Tbk.[S]
Industry Sub Sector : Metal And Mineral Mining (23) Market Capitalization : 16,581,227,660,250
65 | 16.6T | 0.26% | 79.10%
23 | 16.9T | 0.90% | 57.70%

Established Date : 05-Jul-1968 1. Negara Republik Indonesia 15,620,000,000 : 65.00%
Listing Date : 27-Nov-1997 2. Public (<5%) 8,410,764,725 : 35.00%
Under Writer IPO :
PT Danareksa Sekuritas DIVIDEND ANNOUNCEMENT
PT Bahana Securities Bonus Cash Recording Payment
F/I
PT Pentasena Arthasentosa Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1997 11.00 29-Jun-98 30-Jun-98 09-Jul-98 06-Aug-98 F
PT Datindo Entrycom 1997 11.59 01-Oct-98 02-Oct-98 12-Oct-98 09-Nov-98 F
Wisma Sudirman - Puri Datindo 1998 50.00 29-Jun-99 30-Jun-99 08-Jul-99 06-Aug-99 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 1998 53.87 04-Oct-99 05-Oct-99 13-Oct-99 10-Nov-99 F
Phone : (021) 570-9009 1999 79.19 05-Jun-00 06-Jun-00 14-Jun-00 28-Jun-00 F
2000 75.66 23-Oct-01 24-Oct-01 29-Oct-01 12-Nov-01 F
BOARD OF COMMISSIONERS 2001 100 : 55 10-Jul-02 11-Jul-02 17-Jul-02 30-Jul-02 B
1. Fachrul Razi 2001 47.10 05-Aug-02 06-Aug-02 09-Aug-02 23-Aug-02 F
2. Anang Sri Kusuwardono *) 2001 46.77 28-Oct-02 29-Oct-02 01-Nov-02 15-Nov-02 F
3. Bambang Gatot Ariyono 2002 34.42 17-Jul-03 18-Jul-03 21-Jul-03 05-Aug-03 F
4. Gumilar Rusliwa Somantri *) 2003 38.60 18-Jun-04 21-Jun-04 23-Jun-04 30-Jun-04 F
5. Robert A. Simanjuntak 2004 19.60 23-Dec-04 27-Dec-04 29-Dec-04 10-Jan-05 I
6. Zaelani 2005 128.48 20-Jun-05 21-Jun-05 23-Jun-05 30-Jun-05
*) Independent Commissioners 2005 150.05 22-Jun-06 23-Jun-06 27-Jun-06 11-Jul-06 F
2006 325.58 21-Jun-07 22-Jun-07 26-Jun-07 06-Jul-07 F
BOARD OF DIRECTORS 2007 215.23 17-Jul-08 18-Jul-08 22-Jul-08 01-Aug-08 F
1. Arie Prabowo Ariotedjo 2008 57.47 17-Jun-09 18-Jun-09 22-Jun-09 03-Jul-09 F
2. Dimas Wikan Pramudhito 2009 25.38 28-Jun-10 29-Jun-10 01-Jul-10 15-Jul-10 F
3. Hari Widjajanto 2010 70.71 06-Jul-11 07-Jul-11 11-Jul-11 25-Jul-11 F
4. Johan N. B. Nababan 2011 90.99 27-Jun-12 28-Jun-12 02-Jul-12 16-Jul-12 F
5. Sutrisno S. Tatetdagat 2012 47.09 29-May-13 30-May-13 03-Jun-13 18-Jun-13 F
6. Tatang Hendra 2013 9.67 29-Apr-14 30-Apr-14 05-May-14 20-May-14 F
AUDIT COMMITTEE ISSUED HISTORY

1. Gumilar Rusliwa Somantri Listing Trading
2. Musyid Amal No. Type of Listing Shares Date Date
3. Rukmana Nugraha Adhi 1. Negara RI (Seri A) 1 27-Nov-97 16-Jun-10
4. Zaelani 2. First Issue 430,769,000 27-Nov-97 27-Nov-97
3. Company Listing 799,999,999 27-Nov-97 31-Jul-98
CORPORATE SECRETARY 4. Bonus Shares 676,922,950 30-Jul-02 30-Jul-02
Aprilandi Hidayat Setia 5. Stock Split 7,630,767,800 12-Jul-07 12-Jul-07
6. Right Issue I 9,770,941,207 27-Oct-15 27-Oct-15
HEAD OFFICE 7. Right Issue I 1,419,898,697 28-Oct-15 28-Oct-15
Aneka Tambang Building 8. Right Issue I 1,738,706,667 30-Oct-15 30-Oct-15
Jln. Letjen TB. Simatupang No. 1 9. Right Issue I 1,144,096,939 02-Nov-15 02-Nov-15
Jakarta 12530 10. Right Issue I 418,661,465 03-Nov-15 03-Nov-15
Phone : (021) 780-5119, 789-1234, 781-2635
Fax : (021) 781-2822, 789-1224
Homepage : www.antam.com
Email : corsec@antam.com

ANTM Aneka Tambang (Persero) Tbk. [S]
TRADING ACTIVITIES
Aneka Tambang (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
1,400 800 Jan-13 1,450 1,280 1,360 22,216 334,911 459,571 21
Feb-13 1,410 1,260 1,290 21,263 276,248 370,664 20
1,225 700 Mar-13 1,410 1,270 1,370 21,935 369,713 498,521 19
Apr-13 1,460 1,340 1,380 29,241 379,964 531,390 22
May-13 1,390 1,260 1,280 12,742 163,731 219,021 22
1,050 600
Jun-13 1,280 960 1,000 19,890 222,828 239,560 19
Jul-13 1,320 930 1,160 35,090 484,551 558,097 23
875 500
Aug-13 1,420 1,160 1,330 28,844 459,193 604,265 17
Sep-13 1,540 1,290 1,420 26,297 466,526 670,454 21
700 400
Oct-13 1,620 1,410 1,600 19,048 291,081 444,388 21
Nov-13 1,610 1,250 1,260 20,019 304,490 419,207 20
525 300 Dec-13 1,300 990 1,090 25,778 383,286 449,913 19
350 200 Jan-14 1,110 950 1,030 43,472 652,147 670,288 20

Feb-14 1,080 995 1,040 34,919 573,538 597,164 20
175 100 Mar-14 1,190 1,025 1,135 53,411 1,188,495 1,334,140 20
Apr-14 1,265 1,065 1,175 38,135 798,966 930,016 20
May-14 1,290 1,140 1,200 37,606 849,434 1,038,684 18
Jun-14 1,210 1,070 1,090 20,978 284,324 330,285 21
Jul-14 1,270 1,085 1,270 24,346 403,327 476,916 18
Aug-14 1,275 1,185 1,195 21,286 316,265 391,847 20
Sep-14 1,225 1,070 1,110 25,680 282,688 327,543 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 1,110 925 970 35,500 400,479 390,151 23
Mining Index Nov-14 1,010 920 980 20,237 247,078 237,171 20
January 2013 - July 2017 Dec-14 1,120 945 1,065 25,530 315,920 321,526 20
45%
Jan-15 1,135 1,015 1,065 27,277 358,666 386,504 21
34.4%
30% Feb-15 1,080 990 1,005 15,857 198,657 206,880 19
Mar-15 1,020 850 865 18,637 173,597 176,292 22
15% Apr-15 925 790 795 13,826 119,720 111,098 21
May-15 840 760 760 14,217 142,077 114,866 19
- Jun-15 780 675 680 14,582 105,278 77,529 21
Jul-15 685 475 475 16,768 144,244 131,865 19
Aug-15 655 450 500 46,189 739,580 428,743 20
-15%
Sep-15 540 465 486 34,277 416,378 208,489 21
-24.7% Oct-15 540 372 378 131,861 3,888,004 1,600,412 21
-30%
Nov-15 380 306 315 131,304 4,300,732 1,499,127 21
-38.2% Dec-15 337 285 314 50,579 1,421,659 445,595 19
-45%
Jan-16 335 292 329 62,777 2,410,865 759,355 20

-60% Feb-16 375 328 364 53,244 2,717,517 984,664 20
Mar-16 481 360 464 79,723 4,128,364 1,879,203 21
-75% Apr-16 775 458 760 113,912 5,409,195 3,476,843 21
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 780 625 650 47,998 1,825,883 1,303,940 20
Jun-16 780 640 725 84,693 3,099,489 2,265,324 22
Jul-16 860 710 795 77,562 2,315,202 1,836,504 16
SHARES TRADED 2013 2014 2015 2016 Jul-17 Aug-16 840 695 720 68,878 1,699,867 1,345,673 22
Volume (Million Sh.) 4,137 6,313 12,009 35,906 7,238 Sep-16 850 615 820 77,349 2,673,099 1,983,203 21
Value (Billion Rp) 5,465 7,046 5,387 24,492 5,592 Oct-16 900 770 895 77,772 4,196,316 3,612,322 21
Frequency (Thou. X) 282 381 515 871 301 Nov-16 1,005 865 970 85,469 3,883,073 3,643,626 22
Days 244 242 244 246 135 Dec-16 980 850 895 41,128 1,547,377 1,400,943 20
Price (Rupiah) Jan-17 930 795 800 60,157 1,892,375 1,625,427 21

High 1,620 1,290 1,135 1,005 930 Feb-17 860 740 745 50,104 977,952 785,183 19
Low 930 920 285 292 595 Mar-17 785 690 730 50,757 842,749 625,636 22
Close 1,090 1,065 314 895 690 Apr-17 745 690 695 30,088 389,439 277,889 17
Close* 916 895 314 895 690 May-17 790 595 775 56,729 1,520,556 1,076,788 20
Jun-17 780 690 695 27,157 691,973 509,036 15
PER (X) 25.36 -13.51 -5.24 421.47 624.77 Jul-17 740 685 690 25,623 923,184 691,781 21
PER Industry (X) 20.76 3.23 0.60 -4.41 6.07
PBV (X) 0.81 0.84 0.41 1.17 0.90

ANTM Aneka Tambang (Persero) Tbk. [S]
Receivables 1,189,692 1,098,938 578,145 990,485 912,190

2,445,934 1,761,888 1,752,585 1,388,416 1,523,148 25,000
Inventories
Current Assets 7,080,437 6,343,110 11,252,827 10,630,222 10,363,314
18,750
Fixed Assets 6,700,156 8,699,660 12,267,804 12,958,946 13,160,132
Other Assets 72,239 88,724 81,249 74,723 452,285
12,500
Total Assets 21,865,117 22,044,202 30,356,851 29,981,536 30,299,219
Growth (%) 0.82% 37.71% -1.24% 1.06% 6,250

Growth (%) 11.50% 19.04% -3.88% 2.74%
18,317
Paid up Capital 953,846 953,846 2,403,076 2,403,076 2,403,076 18,410

Par Value 100 100 100 100 100 12,793
14,654
11,930
12,793,488 11,929,561 18,316,719 18,408,796 18,409,599
10,898
Total Equity
Growth (%) -6.75% 53.54% 0.50% 0.00% 7,143
Total Revenues 11,298,322 9,420,631 10,531,505 9,106,261 1,650,819

Growth (%) -16.62% 11.79% -13.53%
-368
2013 2014 2015 2016 Mar-17
Cost of Revenues 9,682,521 8,644,136 10,336,364 8,254,466 1,568,277

Gross Profit 1,615,801 776,495 195,141 851,795 82,542
Expenses (Income) 1,194,769 955,900 896,579 843,639 167,030
Operating Profit 421,032 -179,405 -701,439 8,156 -84,488 11,298
10,532
Growth (%) N/A -290.98% N/A
11,298
9,421 9,106
8,993
Other Income (Expenses) -553,962 -653,730 -967,335 229,136 85,552

Income before Tax -132,930 -833,135 -1,668,774 237,292 1,064 6,689
Tax -542,878 -57,849 -227,921 172,485 -5,570

Profit for the period 409,947 -775,286 -1,440,853 64,806 6,634 4,384
Growth (%) N/A -85.85% N/A 1,651

2,079
Period Attributable 409,944 -775,287 -1,440,852 64,810 6,635 -226
Comprehensive Income 410,139 -775,179 912,556 92,077 803 2013 2014 2015 2016 Mar-17
Comprehensive Attributable 410,135 -775,180 912,557 92,081 804
Current Ratio (%) 183.64 164.21 259.32 244.24 219.03
410
Dividend (Rp) 9.67 - - - - 410
EPS (Rp) 42.98 -81.28 -59.96 2.70 0.28 2014 2015 65 6.6
BV (Rp) 1,341.25 1,250.68 762.22 766.05 766.08 40
DAR (X) 0.41 0.46 0.40 0.39 0.39 2013 2016 Mar-17
DER(X) 0.71 0.85 0.66 0.63 0.65
-330
ROA (%) 1.87 -3.52 -4.75 0.22 0.02 -701
ROE (%) 3.20 -6.50 -7.87 0.35 0.04

-775
GPM (%) 14.30 8.24 1.85 9.35 5.00 -1,071
OPM (%) 3.73 -1.90 -6.66 0.09 -5.12

NPM (%) 3.63 -8.23 -13.68 0.71 0.40
-1,441
-1,441
Payout Ratio (%) 22.50 - - - -
Yield (%) 0.89 - - - -

COMPANY REPORT
ASII
ASTRA INTERNATIONAL TBK.
Company Profile
PTAstraInternationalTbk.wasestablishedin1957asPTAstraInternationalIncorporated.
In1990,thecompanychangeditsnametoPTAstraInternationalTbk.

ThescopeofthecompanysactivitiesassetoutinitsArticlesofAssociationaretoengage
in general trading, industry, mining, transportation, agriculture, construction and
consultancyservices.Thesubsidiariesmainactivitiesaretheassemblyanddistributionof
automobiles, motorcycles and related spare parts, heavy equipment sales and rentals,
mining and related services, development of plantation, financial services, infrastructure,
andinformationtechnology.

The Companyss largest shareholder is Jardine Cycle & Carriage Ltd., a company
incorporatedinSingapore.JardineCycle&CarriageLtd.isasubsidiaryofJardineMatheson
HoldingsLtd.,acompanyincorporatedinBermuda.

Thenumberofemployeesincludingjointventuresandassociates,asatJune30th,2017was
215,338employees.
August 2017
Disclaimer:

ASII AstraInternationalTbk.[S]
Industry Sector : Miscellaneous Industry (4) Listed Shares : 40,483,553,140
Industry Sub Sector : Automotive And Components (42) Market Capitalization : 322,856,336,291,500
6 | 322.9T | 5.04% | 37.49%
3 | 73.4T | 3.90% | 25.25%

Established Date : 20-Feb-1957 1. Jardine Cycle & Carriage Limited 20,288,255,040 : 50.11%
Listing Date : 04-Apr-1990 2. Public (<5%) 20,195,298,100 : 49.89%
Under Writer IPO :
F/I
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1996 120.00 30-Jun-97 01-Jul-97 09-Jul-97 29-Jul-97 F
Phone : (021) 252-5666 2003 50.00 01-Dec-03 02-Dec-03 04-Dec-03 18-Dec-03 I
Fax : (021) 252-5028 2003 170.00 28-Jun-04 29-Jun-04 01-Jul-04 14-Jul-04 F
2004 100.00 01-Nov-04 02-Nov-04 04-Nov-04 12-Nov-04 F
BOARD OF COMMISSIONERS 2005 270.00 16-Jun-05 17-Jun-05 21-Jun-05 04-Jul-05
1. Budi Setiadharma 2005 100.00 09-Nov-05 10-Nov-05 14-Nov-05 24-Nov-05 I
2. Adrian Teng Wei Ann 2005 340.00 15-Jun-06 16-Jun-06 20-Jun-06 04-Jul-06 F
3. Anthony John Liddell Nightingale 2006 150.00 20-Oct-06 30-Oct-06 01-Nov-06 15-Nov-06 I
4. Benjamin William Keswick 2006 290.00 14-Jun-07 15-Jun-07 19-Jun-07 03-Jul-07 F
5. David Alexander Newbigging 2007 160.00 29-Oct-07 30-Oct-07 01-Nov-07 15-Nov-07 I
6. John Raymond Witt 2008 300.00 28-Oct-08 29-Oct-08 31-Oct-08 14-Nov-08 I
7. Jonathan Chang 2008 570.00 17-Jun-09 18-Jun-09 22-Jun-09 03-Jul-09 F
8. Mari Elka Pangestu *) 2009 830.00 16-Jun-10 17-Jun-10 21-Jun-10 05-Jul-10 F
9. Mark Spencer Greenberg 2010 470.00 27-Oct-10 28-Oct-10 01-Nov-10 15-Nov-10 I
10. Muhamad Chatib Basri *) 2011 600.00 26-Oct-11 27-Oct-11 31-Oct-11 14-Nov-11 I
11. Sidharta Utama *) 2011 1,380.00 16-May-12 21-May-12 23-May-12 06-Jun-12 F
12. Yasutoshi Sugimoto *) 2012 66.00 18-Oct-12 19-Oct-12 23-Oct-12 07-Nov-12 I
*) Independent Commissioners 2012 150.00 20-May-13 21-May-13 23-May-13 07-Jun-13 F
2013 64.00 10-Oct-13 11-Oct-13 17-Oct-13 31-Oct-13 I
BOARD OF DIRECTORS 2013 152.00 22-May-14 23-May-14 28-May-14 12-Jun-14 F
1. Prijono Sugiarto 2014 64.00 14-Oct-14 15-Oct-14 17-Oct-14 31-Oct-14 I
2. Bambang Widjanarko Santoso 2014 152.00 06-May-15 07-May-15 11-May-15 29-May-15 F
3. Chiew Sin Cheok 2015 64.00 25-Sep-15 28-Sep-15 30-Sep-15 21-Oct-15 I
4. Djony Bunarto Tjondro 2015 113.00 04-May-16 09-May-16 11-May-16 27-May-16 F
5. Gidion Hasan 2016 55.00 26-Sep-16 27-Sep-16 29-Sep-16 21-Oct-16 I
6. Henry Tanoto 2016 113.00 28-Apr-17 02-May-17 04-May-17 19-May-17 F
7. Johannes Loman
8. Suparno Djasmin ISSUED HISTORY
9. Widya Wiryawan Listing Trading
No. Type of Listing Shares Date Date
AUDIT COMMITTEE 1. First Issue 30,000,000 04-Apr-90 04-Apr-90
1. Muhamad Chatib Basri 2. Partial Listing 24,805,000 T: 04-Apr-90 : 04-Oct-90
2. Adrian Teng Wei Ann (special member) 3. Company Listing 184,893,000 T: 18-Dec-91 : 02-Jan-92
3. Angky Tisnadisastra 4. Koperasi 2,500,000 T: 18-Dec-91 : 31-Dec-99
4. Lindawati Gani 5. Right Issue 1,453,219,775 T: 03-Jan-94 : 21-Jan-03
6. Bonus Shares 871,912,800 08-Sep-94 08-Sep-94
CORPORATE SECRETARY 7. CB Conversion 280,837 T: 12-Mar-97 : 07-Aug-97
Gita Tiffany Boer 8. Stock Split 37,598,029,063 T: 01-Sep-97 : 05-Jun-12
9. Right Conversion 262,168,650 T: 24-Apr-00 : 19-Jan-04
HEAD OFFICE 10. Option I 8,637,003 T: 16-Oct-00 : 16-Feb-01
AMDI Building 11. Option I Conversion 16,203,924 T: 31-Jul-01 : 26-Apr-02
Jln. Gaya Motor Raya No. 8 Sunter II 12. Option II Conversion 30,903,088 T: 26-Apr-02 : 25-May-04
Jakarta 14330
Phone : (021) 653-10418
Fax : (021) 6530-4957
Homepage : www.astra.co.id
Email : gita.tiffanyboer@ai.astra.co.id

ASII Astra International Tbk. [S]
TRADING ACTIVITIES
Astra International Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
10,000 240 Jan-13 7,900 7,300 7,350 56,816 830,431 6,337,529 21
Feb-13 8,000 7,400 7,950 39,847 683,833 5,281,553 20
8,750 210 Mar-13 8,300 7,500 7,900 54,594 849,305 6,681,437 19
Apr-13 8,000 7,150 7,350 52,759 694,670 5,273,240 22
May-13 7,550 6,900 7,050 62,249 1,230,559 8,777,900 22
7,500 180
Jun-13 7,200 6,150 7,000 73,759 1,015,404 6,914,932 19
Jul-13 6,950 6,300 6,500 50,329 667,841 4,413,435 23
6,250 150
Aug-13 6,800 5,100 6,050 58,095 660,601 4,038,190 17
Sep-13 7,500 5,400 6,450 69,701 1,169,088 7,443,312 21
5,000 120
Oct-13 7,250 6,300 6,650 54,573 553,688 3,722,910 21
Nov-13 6,850 6,150 6,250 54,611 662,358 4,332,899 20
3,750 90 Dec-13 6,850 6,050 6,800 41,591 490,150 3,116,581 19
2,500 60 Jan-14 7,400 6,250 6,425 86,235 784,137 5,339,224 20

Feb-14 7,000 6,225 6,950 81,243 984,624 6,596,656 20
1,250 30 Mar-14 8,000 6,725 7,375 94,022 1,300,924 9,611,270 20
Apr-14 8,050 7,350 7,425 91,055 1,107,076 8,532,595 20
May-14 7,800 7,075 7,075 76,478 925,623 6,955,904 18
Jun-14 7,525 7,075 7,275 72,784 680,106 4,942,665 21
Jul-14 8,050 7,325 7,725 70,195 797,969 6,102,553 18
Aug-14 8,000 7,550 7,575 67,060 493,646 3,789,351 20
Sep-14 7,750 6,950 7,050 71,620 652,110 4,783,683 22
Miscellaneous Industry Index Nov-14 7,200 6,700 7,125 59,454 514,457 3,588,238 20
January 2013 - July 2017 Dec-14 7,475 6,850 7,425 65,313 623,730 4,447,913 20
40%
34.4% Jan-15 8,100 7,000 7,850 80,784 804,490 6,050,554 21

30% Feb-15 8,175 7,450 7,850 72,728 692,429 5,401,520 19
Mar-15 8,575 7,800 8,575 77,266 1,094,749 8,817,908 22
20% Apr-15 8,575 6,700 6,850 81,463 962,611 7,475,288 21
May-15 7,950 6,950 7,300 64,001 657,248 4,891,329 19
10% Jun-15 7,350 6,550 7,075 79,359 735,267 5,126,440 21
6.3% Jul-15 7,150 6,325 6,650 62,675 381,032 2,576,235 19
3.8% Aug-15 6,875 5,450 5,925 83,564 881,000 5,385,567 20
-
Sep-15 6,200 4,975 5,225 79,802 590,132 3,412,962 21
Oct-15 6,875 5,075 5,900 120,523 1,170,631 7,099,297 21
-10%
Nov-15 6,850 5,800 5,925 105,808 1,168,021 7,428,850 21
Dec-15 6,600 5,800 6,000 102,962 1,002,948 6,241,308 19
-20%
Jan-16 6,450 5,700 6,450 100,020 1,286,937 7,745,522 20

-30% Feb-16 7,150 6,050 6,800 114,269 1,323,536 8,865,281 20
Mar-16 7,525 6,575 7,250 97,271 1,019,546 7,273,311 21
-40% Apr-16 7,850 6,600 6,725 85,928 904,645 6,505,517 21
Jun-16 7,400 6,500 7,400 95,059 976,858 6,664,491 22
Jul-16 7,825 6,975 7,725 85,978 1,025,887 7,578,146 16
Value (Billion Rp) 66,334 71,070 69,907 88,029 45,041 Oct-16 8,600 8,075 8,225 83,200 790,440 6,572,517 21
Frequency (Thou. X) 669 928 1,011 1,131 519 Nov-16 8,400 7,300 7,550 107,226 978,647 7,745,903 22
Days 244 242 244 246 135 Dec-16 8,275 7,325 8,275 80,062 643,082 5,007,909 20
Price (Rupiah) Jan-17 8,250 7,900 7,950 64,767 515,769 4,162,657 21

High 8,300 8,050 8,575 8,875 9,350 Feb-17 8,425 7,850 8,200 69,729 619,361 5,009,369 19
Low 5,100 6,225 4,975 5,700 7,850 Mar-17 8,800 8,100 8,625 86,727 1,253,345 10,615,445 22
Close 6,800 7,425 6,000 8,275 7,975 Apr-17 9,350 8,350 8,950 70,794 583,383 5,095,422 17
Close* 6,800 7,425 6,000 8,275 7,975 May-17 9,050 8,325 8,750 89,112 739,914 6,440,409 20
Jun-17 9,150 8,650 8,925 51,178 501,548 4,444,226 15
PER (X) 14.18 15.56 16.79 22.28 15.82 Jul-17 9,025 7,900 7,975 86,368 1,096,363 9,273,202 21
PER Industry (X) 13.91 14.44 0.95 13.86 3.82
PBV (X) 2.59 2.60 1.92 2.54 2.21

ASII AstraInternationalTbk.[S]
Receivables 51,645,000 54,759,000 53,005,000 55,063,000 60,005,000

14,433,000 16,986,000 18,337,000 17,771,000 18,902,000 230,000
Inventories
Current Assets 88,352,000 97,241,000 105,161,000 110,403,000 117,688,000
172,500
Fixed Assets 37,862,000 41,250,000 41,702,000 43,237,000 46,067,000
Other Assets 2,490,000 2,869,000 2,978,000 3,007,000 5,322,000
115,000
Total Assets 213,994,000 236,029,000 245,435,000 261,855,000 286,617,000
Growth (%) 10.30% 3.99% 6.69% 9.46% 57,500

Growth (%) 7.33% 2.76% 2.56% 15.70%
Paid up Capital 2,024,178 2,024,178 2,024,000 2,024,178 2,024,178 145,516
131,803
126,533
Paid up Capital (Shares) 40,484 40,484 40,480 40,484 40,484 120,324
106,188
Par Value 50 50 50 50 50
115,831

86,145
Total Equity 106,188,000 120,324,000 126,533,000 131,803,000 145,516,000

Growth (%) 13.31% 5.16% 4.16% 10.40% 56,460
Total Revenues 193,880,000 201,701,000 184,196,000 181,084,000 98,031,000

Growth (%) 4.03% -8.68% -1.69%
-2,910
2013 2014 2015 2016 Jun-17
Cost of Revenues 158,569,000 162,892,000 147,486,000 144,652,000 78,357,000

Gross Profit 35,311,000 38,809,000 36,710,000 36,432,000 19,674,000
Expenses (Income) 7,788,000 11,457,000 17,080,000 14,179,000 5,737,000
193,880
184,196 181,084
Growth (%)
160,554

98,031
Tax 5,226,000 5,227,000 4,017,000 3,951,000 2,580,000
Profit for the period 22,297,000 22,125,000 15,613,000 18,302,000 11,357,000
78,260
Growth (%) -0.77% -29.43% 17.22%

37,113
Period Attributable 19,417,000 19,181,000 14,464,000 15,156,000 9,357,000 -4,034
Comprehensive Income 23,708,000 22,151,000 16,454,000 19,804,000 11,229,000 2013 2014 2015 2016 Jun-17
Current Ratio (%) 124.20 132.26 137.93 123.94 113.00
22,297 22,125
Dividend (Rp) 216.00 216.00 177.00 168.00 - 22,297
EPS (Rp) 479.63 473.80 357.31 374.37 231.13 18,302
BV (Rp) 2,622.99 2,972.17 3,125.82 3,255.72 3,594.45 17,748
15,613
DAR (X) 0.50 0.49 0.48 0.47 0.49

11,357
1.02 0.96 0.94 0.93 0.97
13,200
DER(X)
ROA (%) 10.42 9.37 6.36 6.99 3.96 8,651
ROE (%) 21.00 18.39 12.34 13.89 7.80

GPM (%) 18.21 19.24 19.93 20.12 20.07 4,103
OPM (%) - - - - -
NPM (%) 11.50 10.97 8.48 10.11 11.59
-446
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 45.04 45.59 49.54 44.87 -
Yield (%) 3.18 2.91 2.95 2.03 -

COMPANY REPORT
BBCA
BANK CENTRAL ASIA TBK.
Company Profile
PT Bank Central Asia Tbk. was established under the name N.V. Perseroan Dagang dan
Industrie Semarang Knitting Factory on October 10th, 1955. The name has changed for
severaltime,thelastchangewasonMay21st,1974,whichisPTBankCentralAsia.
The Bank began operations in banking since the date of October 12, 1956. The Bank
operates as a commercial bank. Bank engaged in banking and other financial services in
accordancewiththeregulationsapplicableinIndonesia.
As of June 30th, 2017, BCA had 987 domestics branches and 2 overseas representatives
locatedinHongKongandSingapore.
BCA has direct and indirect ownership in subsidiaries: PT BCA Finance, BCA Finance
Limited, PT Bank BCA Syariah, PT BCA Sekuritas, PT Asuransi Umum BCA, PT Central
SantosaFinance,andPTCentralCapitalVentura.
AsatJune30th,2017,BCAhad26,648permanentemployees.
August 2017
Disclaimer:

BBCA Bank Central Asia Tbk.
Industry Sector : Finance (8) Listed Shares : 24,408,459,120
Industry Sub Sector : Bank (81) Market Capitalization : 456,438,185,544,000
2 | 456.4T | 7.13% | 14.52%
1 | 302.9T | 16.11% | 16.11%

Established Date : 10-Aug-1955 1. PT Dwimuria Investama Andalan 13,545,990,000 : 54.94%
Listing Date : 31-May-2000 2. Public (<5%) 10,862,469,120 : 45.06%
Under Writer IPO :
F/I
Securities Administration Bureau : Year Shares Dividend Cum Date Ex Date Date Date
PT Raya Saham Registra 2001 85.00 14-Nov-01 15-Nov-01 20-Nov-01 04-Dec-01 I
Plaza Central Building 2nd Fl. 2001 140.00 29-Oct-02 30-Oct-02 01-Nov-02 15-Nov-02 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 2002 225.00 03-Dec-03 04-Dec-03 08-Dec-03 19-Dec-03 F
Phone : (021) 252-5666 2003 225.00 30-Jun-04 01-Jul-04 06-Jul-04 20-Jul-04 F
Fax : (021) 252-5028 2004 50.00 22-Nov-04 23-Nov-04 25-Nov-04 08-Dec-04 F
2005 80.00 19-Jul-05 20-Jul-05 22-Jul-05 05-Aug-05
BOARD OF COMMISSIONERS 2005 50.00 06-Oct-05 07-Oct-05 11-Oct-05 25-Oct-05 I
1. Djohan Emir Setijoso 2005 90.00 06-Jun-06 07-Jun-06 09-Jun-06 23-Jun-06 F
2. Cyrillus Harinowo *) 2006 55.00 10-Oct-06 11-Oct-06 13-Oct-06 03-Nov-06 I
3. Raden Pardede *) 2006 115.00 08-Jun-07 11-Jun-07 13-Jun-07 27-Jun-07 I
4. Sumatri Slamet *) 2007 55.00 29-Nov-07 30-Nov-07 04-Dec-07 18-Dec-07 I
5. Tonny Kusnadi 2007 63.50 12-Jun-08 13-Jun-08 17-Jun-08 01-Jul-08 F
*) Independent Commissioners 2008 35.00 15-Jan-09 16-Jan-09 20-Jan-09 30-Jan-09 I
2008 65.00 09-Jun-09 10-Jun-09 12-Jun-09 26-Jun-09 F
BOARD OF DIRECTORS 2009 40.00 12-Nov-09 13-Nov-09 17-Nov-09 02-Dec-09 I
1. Jahja Setiaatmadja 2009 70.00 31-May-10 01-Jun-10 03-Jun-10 17-Jun-10 F
2. Armand Wahyudi Hartono 2010 42.50 19-Nov-10 22-Nov-10 24-Nov-10 09-Dec-10 I
3. Erwan Yuris Ang 2010 70.00 06-Jun-11 07-Jun-11 09-Jun-11 23-Jun-11 F
4. Eugene Keith Galbraith 2011 43.50 06-Dec-11 07-Dec-11 09-Dec-11 23-Dec-11 I
5. Henry Koenaifi 2011 113.50 08-Jun-12 11-Jun-12 13-Jun-12 27-Jun-12 F
6. Inawaty Santoso 2012 43.50 03-Dec-12 04-Dec-12 06-Dec-12 20-Dec-12 I
7. Lianawaty Suwono 2012 71.00 28-May-13 29-May-13 31-May-13 17-Jun-13 F
8. Rudy Susanto 2013 45.00 28-Nov-13 29-Nov-13 03-Dec-13 17-Dec-13 I
9. Santoso 2013 120.00 29-Apr-14 30-Apr-14 05-May-14 20-May-14 F
10. Subur Tan 2014 50.00 04-Dec-14 05-Dec-14 09-Dec-14 23-Dec-14 I
11. Suwignyo Budiman 2014 148.00 16-Apr-15 17-Apr-15 21-Apr-15 13-May-15 F
2015 55.00 12-Nov-15 13-Nov-15 17-Nov-15 09-Dec-15 I
AUDIT COMMITTEE 2016 70.00 30-Nov-16 01-Dec-16 05-Dec-16 22-Dec-16 I
1. Cyrillus Harinowo
2. Ilham Ikhsan ISSUED HISTORY
3. Tjen Lestari Listing Trading
CORPORATE SECRETARY 1. First Issue 662,400,000 31-May-00 31-May-00
Jan Hendra 2. Company Listing 2,252,146,140 T: 31-May-00 : 11-Jan-01
3. Stock Split 21,199,350,480 T: 15-May-01 : 28-Jan-08
HEAD OFFICE 4. Option Conversion 210,852,000 T: 29-Nov-01 : 09-Nov-06
Menara BCA 20th Fl., Grand Indonesia 5. Option Conversion MSOP 89,226,500 T: 04-Aug-03 : 29-Sep-04
Jln. M.H. Thamrin No. 1 6. Partial Delisting -5,516,000 04-Jan-08 04-Jan-08
Jakarta 10310
Phone : (021) 2358-8000
Fax : (021) 2358-8300
Homepage : www.bca.co.id
Email : jan_hendra@bca.co.id
investor_relations@bca.co.id

TRADING ACTIVITIES
Bank Central Asia Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
20,000 16,000 Jan-13 9,750 8,850 9,650 22,825 280,620 2,589,237 21
Feb-13 11,300 9,650 11,000 22,323 662,141 6,634,281 20
17,500 14,000 Mar-13 11,400 10,400 11,400 27,863 259,577 2,789,619 19
Apr-13 11,250 10,450 10,750 25,790 316,861 3,437,786 22
May-13 11,150 10,350 10,350 26,204 253,379 2,749,582 22
15,000 12,000
Jun-13 10,350 8,900 10,000 46,266 521,956 5,000,323 19
Jul-13 10,450 9,100 10,400 31,898 236,737 2,350,258 23
12,500 10,000
Aug-13 10,950 8,500 9,050 33,059 300,896 2,901,118 17
Sep-13 12,500 8,450 10,000 39,349 344,117 3,377,809 21
10,000 8,000
Oct-13 10,800 9,750 10,450 25,605 342,053 3,604,261 21
Nov-13 10,650 9,550 9,650 38,027 253,767 2,565,011 20
7,500 6,000 Dec-13 9,850 9,250 9,600 30,855 186,366 1,776,805 19
5,000 4,000 Jan-14 10,350 9,250 9,925 57,353 367,092 3,602,939 20

Feb-14 10,550 9,700 10,225 46,542 430,305 4,418,825 20
2,500 2,000 Mar-14 11,125 10,150 10,600 59,990 436,023 4,599,025 20
Apr-14 11,250 10,425 11,000 53,682 669,676 7,354,376 20
May-14 11,525 10,775 10,775 45,146 265,133 2,967,458 18
Jun-14 11,400 10,700 11,000 43,261 268,220 2,959,465 21
Jul-14 11,800 10,875 11,600 44,924 396,445 4,549,613 18
Aug-14 11,850 10,950 11,200 49,417 215,348 2,519,575 20
Sep-14 13,125 11,625 13,075 58,544 350,704 4,353,955 22
Finance Index Nov-14 13,525 12,500 13,100 58,896 286,375 3,745,157 20
January 2013 - July 2017 Dec-14 13,425 12,825 13,125 63,765 241,069 3,172,351 20
140%
Jan-15 13,425 12,800 13,375 53,863 273,651 3,592,271 21
120% Feb-15 14,550 13,250 14,100 62,002 260,770 3,622,454 19
Mar-15 14,825 14,025 14,825 90,945 331,831 4,777,845 22
105.5%
100% Apr-15 15,600 12,900 13,475 86,286 451,166 6,531,175 21
May-15 14,500 13,400 14,125 67,586 339,175 4,710,311 19
80% Jun-15 14,125 13,050 13,500 78,844 312,229 4,220,125 21
77.5%
Jul-15 13,900 12,650 13,100 59,176 246,896 3,285,014 19
Aug-15 13,900 11,000 12,900 86,829 484,481 6,064,524 20
60%
Sep-15 12,850 11,300 12,275 62,916 340,220 4,094,909 21
Oct-15 13,775 11,875 12,900 76,510 379,238 4,966,315 21
40%
34.4% Nov-15 13,750 12,375 12,375 70,680 466,909 6,129,554 21
Dec-15 13,800 12,700 13,300 85,393 681,684 9,049,648 19
20%
Jan-16 13,550 12,750 13,100 84,389 565,286 7,404,232 20

- Feb-16 13,575 12,875 13,475 111,412 533,233 7,075,078 20
Mar-16 13,925 13,050 13,300 87,449 561,182 7,541,426 21
-20% Apr-16 13,450 12,775 13,050 75,089 374,867 4,906,411 21
Jun-16 13,450 12,625 13,325 75,748 422,148 5,505,430 22
Jul-16 14,675 13,200 14,450 77,416 628,474 8,850,322 16
Frequency (Thou. X) 370 651 881 981 574 Nov-16 15,650 13,950 14,300 83,694 12,183,909 185,159,678 22
Days 244 242 244 246 135 Dec-16 15,550 14,125 15,500 72,759 551,439 8,145,086 20
Price (Rupiah) Jan-17 15,875 14,950 15,300 60,466 265,560 4,090,291 21

High 12,500 13,575 15,600 16,200 19,000 Feb-17 15,700 15,000 15,450 49,112 291,641 4,526,374 19
Low 8,450 9,250 11,000 12,625 14,950 Mar-17 17,000 15,350 16,550 69,915 505,739 8,118,270 22
Close 9,600 13,125 13,300 15,500 18,700 Apr-17 18,000 16,575 17,750 70,124 2,459,800 42,831,784 17
Close* 9,600 13,125 13,300 15,500 18,700 May-17 18,550 16,800 17,150 134,338 1,008,009 17,752,214 20
Jun-17 18,325 17,325 18,150 84,529 461,064 8,209,641 15
PER (X) 16.61 19.90 18.02 18.95 22.99 Jul-17 19,000 18,075 18,700 105,834 401,795 7,420,533 21
PER Industry (X) 17.20 27.72 25.09 20.71 23.80
PBV (X) 3.70 4.33 3.66 3.49 3.91

Public Accountant : Siddharta Widjaja & Rekan (member of KPMG International)
Cash on Hand 16,284,142 19,577,571 17,849,460 15,943,854 28,150,791 750,000
Placements with Other Banks 12,254,043 11,502,178 56,259,099 35,363,890 32,715,561

89,463,509 26,289,663 515,099 2,547,098 3,619,680 600,000
Marketable Securities
Loans 306,679,132 339,859,068 378,616,292 403,391,221 420,746,147
450,000
Investment 182,544 166,888 51,153,115 161,978 165,498
Fixed Assets 7,440,017 8,844,930 9,712,021 16,990,835 16,813,183
300,000
Other Assets 6,564,382 7,133,595 8,619,292 258,733 251,953
Total Assets 496,304,573 552,423,892 594,372,770 676,738,753 738,199,481
150,000
Growth (%) 11.31% 7.59% 13.86% 9.08%
-
Deposits 413,036,948 451,660,016 478,173,935 535,399,322 580,967,252 2013 2014 2015 2016 Jun-17
Taxes Payable 276,017 251,818 251,091 - -
Fund Borrowings 500,952 3,080,942 1,743,337 2,788,552 2,453,713
Other Liabilities 5,768,437 6,260,219 7,613,476 9,258,788 17,746,123 TOTAL EQUITY (Bill. Rp)
Total Liabilities 432,337,895 472,550,777 501,945,424 560,556,687 613,660,294 120,896
Growth (%) 9.30% 6.22% 11.68% 9.47% 112,715
89,625
Authorized Capital 5,500,000 5,500,000 5,500,000 5,500,000 5,500,000
96,233
77,921
Paid up Capital 1,540,938 1,540,938 1,540,938 1,540,938 1,540,938
71,570
63,967
Par Value 63 63 63 63 63 46,907
Retained Earnings 56,928,028 70,332,010 81,995,065 985,031,800 1,058,321,350

Total Equity 63,966,678 77,920,617 89,624,940 112,715,059 120,895,550 22,245
Growth (%) 21.81% 15.02% 25.76% 7.26%

-2,418
2013 2014 2015 2016 Jun-17

Total Interest Income 34,277,149 43,771,256 55,441,647 50,425,826 26,261,300
Growth (%) 27.70% 26.66% -9.05%
TOTAL INTEREST INCOME (Bill. Rp)
Interest Expenses 7,852,009 11,744,562 11,217,072 10,346,736 5,904,199 55,442

50,426
470,940 1,738,943 3,651,597 1,953,656 1,223,542
55,442
Other Operating Revenue

43,771
Other Operating Expenses 14,631,462 18,306,319 25,219,058 23,378,946 13,246,181 44,132
Income from Operations 17,078,667 20,504,773 22,657,114 25,839,200 13,238,300 34,277

Growth (%) 20.06% 10.50% 14.04% 32,821
26,261
Non-Operating Revenues 736,939 236,348 - - - 21,511
Income Before Tax 17,815,606 20,741,121 22,657,114 25,839,200 13,238,300

3,559,367 4,229,451 4,621,346 5,206,919 2,700,439
10,201
Provision for Income Tax

Profit for the period 14,256,239 16,511,670 18,035,768 20,632,281 10,537,861 -1,109
Growth (%) 15.82% 9.23% 14.40% 2013 2014 2015 2016 Jun-17
Period Attributable 14,253,831 16,485,858 18,018,653 20,605,736 10,534,738

Comprehensive Income 13,004,312 16,925,171 17,691,505 27,404,745 11,385,643 PROFIT FOR THE PERIOD (Bill. Rp)
20,632
18,036
20,632
RATIOS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 16,512

Dividend (Rp) 165.00 198.00 55.00 70.00 - 16,423
14,256
EPS (Rp) 578.13 668.66 730.83 835.76 427.29
10,538
2,594.47 3,160.44 3,635.16 4,571.69 4,903.49
12,214
BV (Rp)
DAR (X) 0.87 0.86 0.84 0.83 0.83 8,005
DER(X) 6.76 6.06 5.60 4.97 5.08

ROA (%) 2.87 2.99 3.03 3.05 1.43 3,796
ROE (%) 22.29 21.19 20.12 18.30 8.72

OPM (%) 49.83 46.85 40.87 51.24 50.41
-413
2013 2014 2015 2016 Jun-17

NPM (%) 41.59 37.72 32.53 40.92 40.13
Payout Ratio (%) 28.54 29.61 7.53 8.38 -
Yield (%) 1.72 1.51 0.41 0.45 -

COMPANY REPORT
BBNI
BANK NEGARA INDONESIA
(PERSERO) TBK.
Company Profile
PTBankNegaraIndonesia(Persero)Tbk.wasoriginallyestablishedinIndonesiaasacentral
bank under the name Bank Negara Indonesia dated July 5th, 1946. Subsequently, BNI
became Bank Negara Indonesia 1946 and changed its status to a stateowned
commercialbank.
BNIsscopeofactivityistoengageingeneralbankingservices.
AsofJune30th,2017,BNIhad198domesticbranches,1,031domesticsubbranches,and
805otheroutlet.Inaddition,BNIsnetworkalsoincluded5overseasbrancheslocatedin
Singapore,HongKong,Tokyo,LondonandSeoul,and1agencyinNewYork.
BNI has direct ownership in the following subsidiaries: PT BNI Life Insurance, PT BNI
Multifinance, PT BNI Sekuritas and subsidiaries, BNI Remittance Ltd. and PT Bank BNI
Syariah.AllofthesubsidiariesofBNIaredomiciledinJakarta,exceptforBNIRemittance
Ltd.whichisdomiciledinHongKong.
As of June 30th, 2017, BNI had 24,579 permanent employees and 3,408 nonpermanent
employees,total27,987employees.
August 2017
Disclaimer:

BBNI Bank Negara Indonesia (Persero) Tbk.
9 | 137.5T | 2.15% | 46.85%
8 | 38.4T | 2.04% | 40.42%

Established Date : 05-Jul-1946 1. Negara Republik Indonesia 11,189,193,875 : 60.00%
Under Writer IPO :
PT Bahana Securities DIVIDEND ANNOUNCEMENT
PT BNI Securities Bonus Cash Recording Payment
F/I
PT Danareksa Sekuritas Year Shares Dividend Cum Date Ex Date Date Date
PT Pentasena Arthasentosa 1996 13.00 06-May-97 07-May-97 16-May-97 14-Jun-97 F
Securities Administration Bureau : 1997 14.00 30-Jun-98 01-Jul-98 10-Jul-98 08-Aug-98 F
PT Datindo Entrycom 2001 4.41 09-Oct-02 10-Oct-02 14-Oct-02 28-Oct-02 F
Wisma Sudirman - Puri Datindo 2002 6.30 23-Oct-03 24-Oct-03 28-Oct-03 05-Nov-03 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2003 23.71 01-Jul-04 02-Jul-04 07-Jul-04 21-Jul-04 F
Phone : (021) 570-9009 2005 118.07 23-Jun-05 24-Jun-05 28-Jun-05 07-Jul-05
Fax : (021) 570-9026 2005 53.26 15-Jun-06 16-Jun-06 20-Jun-06 04-Jul-06 F
2006 72.50 19-Jun-07 20-Jun-07 22-Jun-07 02-Jul-07 F
BOARD OF COMMISSIONERS 2007 29.40 17-Jun-08 18-Jun-08 20-Jun-08 04-Jul-08 F
1. Hartadi Agus Sarwono *) 2008 8.00 18-Jun-09 19-Jun-09 23-Jun-09 07-Jul-09 F
2. Ahmad Fikri Assegaf *) 2009 9.44 25-Nov-09 26-Nov-09 01-Dec-09 11-Dec-09 I
3. Bistok Simbolon 2009 47.48 08-Jun-10 09-Jun-10 11-Jun-10 25-Jun-10 F
4. Joni Swastanto 2010 65.98 10-Jun-11 13-Jun-11 15-Jun-11 30-Jun-11 F
5. Marwanto Harjowiryono 2011 62.48 10-May-12 11-May-12 15-May-12 30-May-12 F
6. Pataniari Siahaan *) 2012 113.35 26-Apr-13 29-Apr-13 01-May-13 16-May-13 F
7. Revrisond Baswir *) 2013 145.71 28-Apr-14 29-Apr-14 02-May-14 19-May-14 F
8. Wahyu Kuncoro *) 2014 144.55 24-Mar-15 25-Mar-15 27-Mar-15 17-Apr-15 I
*) Independent Commissioners 2015 122.53 17-Mar-16 18-Mar-16 22-Mar-16 13-Apr-16 F
2016 212.81 23-Mar-17 24-Mar-17 29-Mar-17 19-Apr-17 F
BOARD OF DIRECTORS
1. Achmad Baiquni ISSUED HISTORY
2. Adi Sulistyowati Listing Trading
3. Anggoro Eko Cahyo No. Type of Listing Shares Date Date
4. Bob Tyasika Ananta 1. Negara RI (Seri A) 1 25-Nov-96 -
5. Catur Budi Harto 2. First Issue 1,085,032,000 25-Nov-96 25-Nov-96
6. Herry Sidharta 3. Company Listing 3,255,095,999 25-Nov-96 28-Jun-97
7. Imam Budi Sarjito 4. Partial Delisting -43,401,280 02-Jul-99 02-Jul-99
8. Panji Irawan 5. Right Issue 151,904,480,000 05-Jul-99 05-Jul-99
9. Putrama Wahju Setiawan 6. Additional Listing 41,375,391,255 20-Apr-01 20-Apr-01
10. Rico Rizal Budidarmo 7. Partial Delisting -343,540,085 12-Dec-01 12-Dec-01
8. Reverse Split -184,084,187,364 23-Dec-03 23-Dec-03
AUDIT COMMITTEE 9. Right Issue 1,974,563,625 13-Aug-07 13-Aug-07
1. Pataniari Siahaan 10. Partial Delisting -2,233,046 31-Aug-07 31-Aug-07
2. Bambang Ratmanto 11. Right Issue 3,340,968,788 29-Dec-10 29-Dec-10
3. P. Donnaria Silalahi
CORPORATE SECRETARY
Kiryanto
HEAD OFFICE
BNI Building 24th Fl.
Jln. Jend. Sudirman Kav. 1
Jakarta 10220
Phone : (021) 572-8387
Fax : (021) 572-8053
Homepage : www.bni.co.id
Email : kiryanto@bni.co.id
Norisa.Esfandiary@bni.co.id
Affenti@bni.co.id

TRADING ACTIVITIES
Bank Negara Indonesia (Persero) Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
7,600 240 Jan-13 3,925 3,650 3,925 21,824 618,278 2,347,177 21
Feb-13 4,625 3,950 4,600 24,739 733,921 3,138,250 20
6,650 210 Mar-13 5,100 4,475 5,050 30,569 659,186 3,126,953 19
Apr-13 5,450 4,850 5,400 30,309 640,452 3,265,931 22
May-13 5,600 4,875 4,875 33,765 679,580 3,560,565 22
5,700 180
Jun-13 4,900 3,975 4,300 46,190 901,397 4,012,428 19
Jul-13 4,425 3,775 4,275 34,934 583,563 2,426,709 23
4,750 150
Aug-13 4,375 3,375 3,850 29,977 612,307 2,370,950 17
Sep-13 5,000 3,400 4,075 37,673 629,913 2,594,062 21
3,800 120
Oct-13 4,875 4,100 4,800 28,491 415,673 1,893,006 21
Nov-13 4,825 4,050 4,100 34,672 463,162 2,040,459 20
2,850 90 Dec-13 4,275 3,700 3,950 30,571 452,169 1,810,642 19
1,900 60 Jan-14 4,420 3,660 4,360 55,797 479,251 1,966,311 20

Feb-14 4,770 4,125 4,550 68,732 712,946 3,157,847 20
950 30 Mar-14 5,325 4,450 4,960 79,616 765,650 3,726,665 20
Apr-14 5,325 4,700 4,815 54,018 556,377 2,802,548 20
May-14 5,150 4,720 4,775 63,923 667,971 3,279,251 18
Jun-14 4,930 4,710 4,765 57,179 461,000 2,221,427 21
Jul-14 5,300 4,740 5,100 61,719 656,779 3,287,150 18
Aug-14 5,525 4,995 5,350 57,420 522,073 2,731,897 20
Sep-14 5,975 5,350 5,525 50,664 574,054 3,261,277 22
January 2013 - July 2017 Dec-14 6,300 5,700 6,100 43,951 450,256 2,718,387 20
105%
100.0%
Jan-15 6,300 5,725 6,250 59,023 605,276 3,684,362 21
90% Feb-15 7,075 6,175 6,875 58,356 468,870 3,156,997 19
Mar-15 7,225 6,550 7,225 80,139 703,023 4,829,845 22
75% 77.5% Apr-15 7,275 6,250 6,425 64,819 618,174 4,250,511 21
May-15 7,125 6,325 6,875 58,043 425,307 2,869,575 19
60% Jun-15 6,825 5,100 5,300 114,675 851,390 4,886,319 21
Jul-15 5,675 4,450 4,760 110,477 877,538 4,483,456 19
Aug-15 5,250 4,070 4,950 154,228 889,236 4,151,806 20
45%
Sep-15 4,890 3,800 4,135 140,264 796,672 3,494,776 21
34.4% Oct-15 5,375 4,075 4,755 110,116 767,305 3,708,085 21
30%
Nov-15 5,250 4,650 4,770 79,530 473,123 2,359,153 21
Dec-15 5,150 4,780 4,990 75,750 522,777 2,595,771 19
15%
Jan-16 5,200 4,850 4,910 75,208 565,592 2,816,764 20

- Feb-16 5,675 4,835 5,075 97,903 945,582 4,897,086 20
Mar-16 5,450 4,965 5,200 72,880 634,035 3,326,553 21
-15% Apr-16 5,300 4,570 4,585 101,018 978,561 4,822,933 21
Jun-16 5,275 4,600 5,200 78,752 714,117 3,480,763 22
Jul-16 5,700 5,100 5,350 72,297 605,068 3,246,926 16
Frequency (Thou. X) 384 696 1,105 951 445 Nov-16 5,725 4,810 5,175 81,983 665,387 3,519,725 22
Days 244 242 244 246 135 Dec-16 5,650 5,200 5,525 50,052 323,755 1,747,808 20
Price (Rupiah) Jan-17 5,800 5,400 5,700 51,030 407,642 2,279,205 21

High 5,600 6,300 7,275 5,975 7,450 Feb-17 6,375 5,675 6,250 64,800 655,534 4,027,677 19
Low 3,375 3,660 3,800 4,270 5,400 Mar-17 6,950 6,150 6,475 79,994 870,115 5,664,000 22
Close 3,950 6,100 4,990 5,525 7,450 Apr-17 6,700 6,075 6,375 55,959 704,986 4,480,590 17
Close* 3,950 6,100 4,990 5,525 7,450 May-17 7,200 6,375 6,550 70,270 541,883 3,574,422 20
Jun-17 6,775 6,350 6,600 47,081 350,064 2,280,943 15
PER (X) 8.14 10.55 10.16 10.01 10.51 Jul-17 7,450 6,550 7,450 75,575 422,729 2,924,154 21
PER Industry (X) 17.20 27.72 25.09 20.71 23.80
PBV (X) 1.54 1.86 1.19 1.19 1.53

Cash on Hand 10,089,927 11,435,686 12,890,427 11,167,643 16,870,317 637,500

11,965,698 6,237,356 9,927,494 23,764,750 24,933,925 510,000
Loans 243,757,807 270,651,986 314,066,531 376,594,527 395,339,927
382,500
Investment 39,507 - 35,793 57,169 775,080
Fixed Assets 5,513,569 6,222,050 20,756,594 21,972,223 23,043,420
255,000
Other Assets 3,156,891 3,369,915 4,482,111 6,793,167 7,436,626
Total Assets 386,654,815 416,573,708 508,595,288 603,031,880 631,741,461
127,500
Growth (%) 7.74% 22.09% 18.57% 4.76%
-
Deposits 295,075,178 317,070,426 358,184,938 425,188,266 453,327,608 2013 2014 2015 2016 Jun-17
Taxes Payable 323,957 317,563 749,396 150,770 345,282
Fund Borrowings 18,950,523 11,212,265 22,523,581 32,695,422 35,245,287
89,254
Growth (%) 0.64% 20.98% 19.38% 4.70%
78,438

74,086
61,021
Paid up Capital 9,054,807 9,054,807 9,054,807 9,054,807 9,054,807
55,099
47,684
Par Value 7,500 & 7,500 & 375 7,500 & 7,500 & 375 7500 & 7500 & 375 7500 & 7500 & 375 7500 & 7500 & 375
36,112

Total Equity 47,683,505 61,021,308 78,438,222 89,254,000 93,072,650 17,125
Growth (%) 27.97% 28.54% 13.79% 4.28%

-1,861
2013 2014 2015 2016 Jun-17

Growth (%) 26.14% 10.58% 18.63%
9,440,904 10,715,356 8,872,380 9,962,683 5,516,724

43,768
Other Operating Revenue 36,895

34,840

Growth (%) 18.96% -14.49% 24.69% 25,911
23,153
Non-Operating Revenues 59,362 178,019 54,067 73,573 -34,408 16,982

2,220,224 2,694,931 2,325,616 2,892,709 1,587,730
8,053

Profit for the period 9,057,941 10,829,379 9,140,532 11,410,196 6,472,181 -875
Growth (%) 19.56% -15.60% 24.83% 2013 2014 2015 2016 Jun-17

11,410
11,410
10,829
RATIOS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 9,058 9,141

Dividend (Rp) 145.71 144.55 122.53 212.81 - 9,083
EPS (Rp) 485.52 578.20 486.18 608.02 343.91 6,472

2,556.94 3,272.16 4,206.11 4,786.08 4,990.85
6,755
BV (Rp)
DAR (X) 0.88 0.82 0.81 0.82 0.82 4,427
DER(X) 7.11 5.59 5.26 5.52 5.54

ROA (%) 2.34 2.60 1.80 1.89 1.02 2,099
ROE (%) 19.00 17.75 11.65 12.78 6.95

OPM (%) 42.41 40.00 30.93 32.51 34.96
-228
2013 2014 2015 2016 Jun-17

NPM (%) 34.24 32.46 24.77 26.07 27.95
Payout Ratio (%) 30.01 25.00 25.20 35.00 -
Yield (%) 3.69 2.37 2.46 3.85 -

COMPANY REPORT
BBRI
BANK RAKYAT INDONESIA (PERSERO) TBK.
Company Profile
Bank Rakyat Indonesia (BRI) is the oldest commercial bank in Indonesia, established on
December 16, 1895, in Purwokerto, Central Java. The stateowned bank went public in
2003 and the Indonesian government holds the majority of its shares with 57.32%,
followedbypublic.
Since its inception, BRIs strategies have been mostly focused on the development of
micro, small and medium business segments. In so doing, BRI takes into account its core
competencies at all organization level. With strategic positioning in Indonesian banking
industrysupportedbystrongbasisofcorecompetenciesinmicrobusinesssegmentsince
1984,BRIwillbeabletoachieveitsoptimalperformanceincomingyears.
As of June 2017, BRI serves its customers through more than 10.000 outlets spreads all
overIndonesia
1HeadOffice
19RegionalOffices
1HeadofAuditOffice
19RegionalAuditOffices
462BranchesOffices
1SpecialBranch
5overseasoffices(CaymanIsland,Singapore,TimorLeste,NewYork,HongKong)
609SubBranchOffices
5,380BRIUnits(MicroOutlet)
986CashCounters
3,188TerasBRI
3TerasShip
BRIprovideaccesstoitsbankingservicesthroughitselectronicchannel;
22,792ATMslinkedtoATMBersama,ATMPrima,ATMLink,Cirrus,andMaestro
187,758ElectronicDataCaptures(EDC)
892CashDepositMachine
57EBuzz
BRI Subsidiaries: PT Bank BRI Syariah, PT Bank Rakyat Indonesia Agroniaga Tbk., BRI
Remittance Co. Ltd. Hong Kong, PT Asuransi BRI Life, and PT BRI Multifinance Indonesia.
Totalpermanentemployees60,402.
August 2017
Disclaimer:

BBRI BankRakyatIndonesia(Persero)Tbk.
5 | 360.8T | 5.64% | 32.44%
4 | 70.7T | 3.76% | 29.01%

Established Date : 16-Dec-1895 1. Negara Republik Indonesia 14,000,000,000 : 56.75%
Under Writer IPO :
PT Bahana Securuties DIVIDEND ANNOUNCEMENT
F/I
PT Datindo Entrycom Year Shares Dividend Cum Date Ex Date Date Date
Wisma Sudirman - Puri Datindo 2003 84.19 06-Jul-04 07-Jul-04 09-Jul-04 23-Jul-04 F
Phone : (021) 570-9009 2005 156.18 21-Jun-06 22-Jun-06 26-Jun-06 10-Jul-06 F
2007 196.34 18-Jun-08 19-Jun-08 23-Jun-08 07-Jul-08 F
1. Andrianof A. Chaniago *) 2009 132.08 28-Jun-10 29-Jun-10 01-Jul-10 15-Jul-10 F
2. A. Fuad Rahmany *) 2010 45.93 17-Dec-10 20-Dec-10 22-Dec-10 30-Dec-10 I
3. A. Sony Keraf *) 2010 70.04 27-May-11 30-May-11 01-Jun-11 15-Jun-11 F
4. Adhyaksa Dault *) 2011 122.28 26-Apr-12 27-Apr-12 01-May-12 15-May-12 F
5. Gatot Trihargo 2012 225.23 26-Mar-13 27-Mar-13 01-Apr-13 15-Apr-13 F
6. Jeffry W. Wurangin 2013 257.33 28-Apr-14 29-Apr-14 02-May-14 14-May-14 F
7. Mahmud *) 2014 294.80 26-Mar-15 27-Mar-15 31-Mar-15 22-Apr-15 I
8. Nicolaus Teguh Budi Harjanto 2015 311.66 31-Mar-16 01-Apr-16 05-Apr-16 22-Apr-16 F
9. Vincentius Sony Loho 2016 428.61 22-Mar-17 23-Mar-17 27-Mar-17 13-Apr-17 F
ISSUED HISTORY
1. Suprajarto No. Type of Listing Shares Date Date
2. Donsuwan Simatupang 1. First Issue 4,764,705,000 10-Nov-03 10-Nov-03
3. Haru Koesmahargyo 2. Company Listing 6,882,352,950 T: 10-Nov-03 : 31-May-04
4. Indra Utoyo 3. MSOP Conversion 114,572,000 T: 24-Nov-04 : 11-Nov-05
5. Kuswiyoto 4. MSOP Conversion I & II 333,814,000 T: 16-Nov-05 : 11-Nov-08
6. Mohammad Irfan 5. MSOP Conversion II 8,928,500 T: 25-Sep-06 : 12-Nov-09
7. Priyastomo 6. MSOP Conversion I, II & III 59,421,500 T: 23-Nov-06 : 27-Dec-07
8. Randi Anto 7. MSOP Conversion II & III 36,021,500 T: 24-Nov-06 : 26-Jun-09
9. Sis Apik Wijayanto 8. MSOP Conversion I 789,000 T: 09-Jan-07 : 13-Nov-08
10. Sunarso 9. MSOP Conversion III 13,836,000 T: 25-Jun-07 : 15-Nov-10
11. Susy Liestiowaty 10. MSOP Conversion I & III 2,493,500 T: 21-Nov-07 : 08-Aug-08
11. Delisting of shares Negara RI -5,698,760 07-Jan-11 07-Jan-11
AUDIT COMMITTEE 12. Stock Split 12,211,235,190 11-Jan-11 11-Jan-11
1. A. Fuad Rahmany
2. A. Sony Keraf
3. Adhyaksa Dault
4. I Gde Yadnya Kusuma
5. Pamuji Gesang Raharjo
6. Sunuaji Noor Widiyanto
CORPORATE SECRETARY
Hari Siaga Amijarso
HEAD OFFICE
BRI I Building, 20th Fl.
Jln. Jend. Sudirman No. 44 - 46
Jakarta 10210
Phone : (021) 251-0244, 0315, 250-0124
Fax : (021) 570-0916
Homepage : www.bri.co.id
Email : ir@bri.co.id

BBRI Bank Rakyat Indonesia (Persero) Tbk.
TRADING ACTIVITIES
Bank Rakyat Indonesia (Persero) Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
16,000 160 Jan-13 8,000 7,000 7,950 49,574 820,165 6,223,729 21
Feb-13 9,450 7,900 9,450 38,683 620,764 5,227,378 20
14,000 140 Mar-13 9,450 8,500 8,750 47,866 684,003 5,985,374 19
Apr-13 9,400 8,250 9,400 45,151 778,102 6,767,136 22
May-13 9,950 8,900 8,900 50,832 689,578 6,403,815 22
12,000 120
Jun-13 8,850 7,050 7,750 92,127 1,301,703 10,051,448 19
Jul-13 8,350 7,150 8,250 61,555 762,741 5,927,722 23
10,000 100
Aug-13 8,450 6,250 6,600 75,898 1,110,192 7,784,877 17
Sep-13 8,650 6,200 7,250 80,681 1,165,249 8,756,072 21
8,000 80
Oct-13 8,500 7,250 7,900 60,781 735,834 5,882,615 21
Nov-13 8,050 7,200 7,450 66,249 674,880 5,169,069 20
6,000 60 Dec-13 7,750 6,750 7,250 60,169 589,234 4,213,752 19
4,000 40 Jan-14 8,850 7,000 8,325 87,119 934,659 7,534,215 20

Feb-14 9,850 8,125 9,275 87,543 1,015,064 9,180,632 20
2,000 20 Mar-14 10,500 9,025 9,575 111,431 903,601 8,566,209 20
Apr-14 10,250 9,350 9,900 103,234 844,361 8,340,740 20
May-14 11,050 9,950 10,200 68,949 556,095 5,802,044 18
Jun-14 10,400 9,850 10,325 73,158 668,924 6,771,119 21
Jul-14 12,200 10,100 11,200 91,236 838,066 9,411,432 18
Aug-14 11,375 10,600 11,050 96,070 733,194 8,022,874 20
Sep-14 11,175 10,150 10,425 91,480 785,001 8,367,361 22
January 2013 - July 2017 Dec-14 11,725 11,000 11,650 82,491 540,205 6,200,187 20
140%
Jan-15 12,100 11,325 11,675 84,255 607,503 7,101,489 21
120% Feb-15 13,050 11,600 12,875 82,946 748,654 9,092,542 19
109.6% Mar-15 13,275 12,600 13,275 82,495 552,663 7,172,234 22
100% Apr-15 13,450 11,250 11,625 96,485 727,168 9,138,329 21
May-15 12,750 11,400 11,775 107,891 702,965 8,433,290 19
80% Jun-15 11,775 10,050 10,350 143,673 854,615 9,122,101 21
77.5%
Jul-15 10,900 9,300 10,000 107,429 692,996 7,012,522 19
Aug-15 10,875 9,025 10,625 120,620 746,258 7,528,574 20
60%
Sep-15 10,550 7,975 8,650 132,204 851,245 7,855,562 21
Oct-15 11,700 8,550 10,525 135,157 824,964 8,421,137 21
40%
34.4% Nov-15 11,600 10,200 10,775 87,443 545,609 5,909,768 21
Dec-15 11,600 10,425 11,425 83,179 511,242 5,704,482 19
20%
Jan-16 11,825 10,750 11,225 88,556 492,583 5,607,189 20

- Feb-16 12,300 10,425 11,075 144,650 842,610 9,542,491 20
Mar-16 11,500 10,650 11,425 116,596 632,000 7,028,852 21
-20% Apr-16 11,300 9,800 10,350 139,975 794,637 8,338,493 21
Jun-16 10,925 9,900 10,800 106,482 555,605 5,766,411 22
Jul-16 12,000 10,700 11,525 93,983 582,709 6,688,896 16
Frequency (Thou. X) 730 1,071 1,264 1,248 550 Nov-16 12,975 10,425 10,900 129,690 771,060 8,911,079 22
Days 244 242 244 246 135 Dec-16 11,875 10,775 11,675 88,419 473,130 5,347,045 20
Price (Rupiah) Jan-17 12,325 11,575 11,725 69,316 378,351 4,502,567 21

High 9,950 12,200 13,450 12,975 15,500 Feb-17 12,125 11,650 11,950 66,503 451,400 5,399,953 19
Low 6,200 7,000 7,975 9,525 11,575 Mar-17 13,250 11,850 12,975 95,193 566,300 7,121,221 22
Close 7,250 11,650 11,425 11,675 14,775 Apr-17 13,250 12,425 12,900 56,073 337,783 4,391,392 17
Close* 7,250 11,650 11,425 11,675 14,775 May-17 15,300 13,000 14,475 103,789 584,920 8,225,901 20
Jun-17 15,300 14,200 15,250 65,330 297,532 4,383,996 15
PER (X) 8.38 11.86 10.99 11.40 13.32 Jul-17 15,500 14,300 14,775 93,829 572,160 8,521,971 21
PER Industry (X) 17.20 27.72 25.09 20.71 23.80
PBV (X) 2.25 2.94 2.49 2.04 2.48

BBRI Bank Rakyat Indonesia (Persero) Tbk.
Cash on Hand 19,171,778 22,469,167 28,771,635 25,212,024 38,203,969 1,037,500

42,673,665 84,168,460 124,873,547 133,039,936 142,528,787 830,000
Loans 419,144,730 479,211,143 547,318,355 621,286,679 638,887,421
622,500
Investment 222,851 251,573 269,130 2,439 2,439
Fixed Assets 3,972,612 5,917,470 8,039,280 24,515,059 24,618,884
415,000
Other Assets 7,004,037 8,792,889 13,514,846 14,490,711 21,808,067
Total Assets 626,182,926 801,955,021 878,426,312 1,003,644,426 1,027,337,529 207,500
Growth (%) 28.07% 9.54% 14.25% 2.36%
-
Deposits 507,972,602 630,977,238 282,157,299 756,755,912 773,575,778 2013 2014 2015 2016 Jun-17
Taxes Payable 1,266,018 59,805 1,497,262 942,401 632,560
Fund Borrowings 9,084,913 24,986,862 35,480,358 35,008,781 25,950,018
146,813
Growth (%) 28.78% 8.67% 11.96% 2.31% 150,686
113,127
119,946
97,737
Paid up Capital 6,167,291 6,167,291 6,167,291 6,167,291 6,167,291
89,206 79,327
Par Value 250 250 250 250 250 58, 466

Total Equity 79,327,422 97,737,429 113,127,179 146,812,590 150,685,998 27,726
Growth (%) 23.21% 15.75% 29.78% 2.64%

-3,014
2013 2014 2015 2016 Jun-17

Growth (%) 26.34% 13.73% 7.86%

85,434
8,348,459 9,299,140 12,409,041 17,213,112 9,364,650
92,151

75,122
Other Operating Expenses 22,380,778 26,660,314 31,275,696 37,098,320 18,800,370 73, 352

50,668
Growth (%) 8.55% 7.58% 11.31% 54,554
Non-Operating Revenues 1,782,489 2,497,196 1,981,111 9,228 84,169 35, 755

6,555,736 6,605,228 7,083,230 7,745,779 2,809,449
16,956

Profit for the period 21,354,330 24,253,845 25,410,788 26,227,991 13,448,492 -1, 843
Growth (%) 13.58% 4.77% 3.22% 2013 2014 2015 2016 Jun-17

25,411 26,228
26,228
24,254
Dividend (Rp) 257.33 294.80 311.66 428.61 - 20, 877
EPS (Rp) 865.22 982.67 1,029.53 1,061.88 544.11

13,448
3,215.65 3,961.93 4,585.77 5,951.26 6,108.27
15, 527
BV (Rp)
DAR (X) 0.87 0.88 0.87 0.85 0.85 10, 176
DER(X) 6.89 7.21 6.76 5.84 5.82

ROA (%) 3.41 3.02 2.89 2.61 1.31 4,826
ROE (%) 26.92 24.82 22.46 17.86 8.92

OPM (%) 43.94 37.75 35.72 36.86 31.92
-525
2013 2014 2015 2016 Jun-17

NPM (%) 35.91 32.29 29.74 28.46 26.54
Payout Ratio (%) 29.74 30.00 30.27 40.36 -
Yield (%) 3.55 2.53 2.73 3.67 -

COMPANY REPORT
BBTN
BANK TABUNGAN NEGARA (PERSERO) TBK.
Company Profile
PTBankTabunganNegara(Persero)Tbk.orBankBTNwasestablishedin1897under
thenameofPostspaarBank.ThenamewaschangedtoBankTabunganPosin1950and
finally became Bank Tabungan Negara in 1963. Bank BTN successfully done The Initial
Public Offering (IPO) and listed on the Indonesia Stock Exchange on 17 December 2009,
andwasthefirstIndonesianbanktosecuritizemortgagethroughAssetBackedSecurities
CollectiveInvestmentContracts(KIKEBA)scheme.BankBTNengagedinactivitiesbasedon
ShariaprinciplesonDecember15,2004.
Bank BTN is a fully commercial bank that focuses on the housing finance. Bank BTN has
been doing mortgage business for more than six decades of consistency by providing a
variety of housing products and services, particularly through the Home Ownership Loan
(mortgage), both Subsidized Mortgages for lowermiddle segment as well as Non
SubsidizedMortgagesformiddleanduppersegments.
AsofJune30th,2017,theBankhas94branchoffices(including23shariabranchoffices),
278subbranchoffices(including36shariasubbranchoffices),484cashoffices(including
6shariacashoffices),and2,951SOPPs(SystemonlinePaymentPoint/onlinePostoffice)
(unaudited).
TheBankhaspermanentemployeesasofJune30th,2017of8,545employees.
August 2017
Disclaimer:

BBTN BankTabunganNegara(Persero)Tbk.
42 | 27.3T | 0.43% | 71.61%
49 | 8.99T | 0.48% | 73.91%

Established Date : 30-Nov-1934 1. Negara Republik Indonesia 6,354,000,000 : 60.00%
Listing Date : 17-Dec-2009 2. Public (<5%) 4,130,100,000 : 40.00%
Under Writer IPO :
PT Mandiri Sekuritas DIVIDEND ANNOUNCEMENT
PT CIMB Securities Indonesia Bonus Cash Recording Payment
F/I
PT Datindo Entrycom 2009 15.09 10-Jun-10 11-Jun-10 15-Jun-10 29-Jun-10 F
Wisma Sudirman - Puri Datindo 2010 31.19 10-Jun-11 13-Jun-11 15-Jun-11 30-Jun-11 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2011 25.31 10-May-12 11-May-12 15-May-12 30-May-12 F
Phone : (021) 570-9009 2012 38.74 26-Apr-13 29-Apr-13 01-May-13 10-May-13 F
Fax : (021) 570-9026 2013 44.36 18-Mar-14 19-Mar-14 21-Mar-14 07-Apr-14 F
2014 21.11 31-Mar-15 01-Apr-15 06-Apr-15 24-Apr-15 I
BOARD OF COMMISSIONERS 2015 34.96 19-Apr-16 20-Apr-16 22-Apr-16 12-May-16 F
1. I Wayan Agus Mertayasa *) 2016 49.46 24-Mar-17 27-Mar-17 30-Mar-17 13-Mar-17 F
2. Arie Coerniadi *)
3. Garuda Wiko *) ISSUED HISTORY
4. Iman Sugema Listing Trading
5. Kamaruddin Sjam *) No. Type of Listing Shares Date Date
6. Lucky Fathul Aziz Hadibrata *) 1. First Issue 2,360,057,000 17-Dec-09 17-Dec-09
7. Maurin Sitorus 2. Company Listing 6,263,228,575 17-Dec-09 17-Dec-09
8. Sumiyati 3. MESOP Conversion I 124,368,000 T: 08-Feb-11 : 13-Aug-14
*) Independent Commissioners 4. MESOP Conversion I & II 5,670,000 T: 06-Feb-12 : 14-Aug-14
5. Right Issue 1,497,728,925 07-Dec-12 07-Dec-12
BOARD OF DIRECTORS 6. MESOP Conversion I, II & III 208,387,000 T: 07-Feb-13 : 17-Jul-13
1. Maryono 7. MESOP Conversion II & III 444,300 T: 14-Mar-14 : 14-Aug-15
2. Adi Setianto 8. MESOP Conversion III 7,759,500 T: 19-Mar-14 : 17-Mar-16
3. Budi Satria 9. MESOP Conversion II 36,000 T: 22-Jul-14 : 18-Mar-15
4. Handayani 10. MESOP Conversion I & III 2,081,000 20-Aug-14 20-Aug-14
5. Iman Nugroho Soeko
6. Nixon L.P. Napitupulu
7. Oni Febriarto R.
8. R. Mahelan Prabantarikso
AUDIT COMMITTEE
1. Kamaruddin Sjam
2. I Wayan Agus Mertayasa
3. Maurin Sitorus
4. Rachmat Supratman
5. Sondang Gayatri
6. Sumiyati
7. Waldy Gutama
CORPORATE SECRETARY
Agus Susanto
HEAD OFFICE
Menara Bank BTN
Jln. Gajah Mada No. 1
Jakarta 10130
Phone : (021) 633-6789; 2666; 6733; 231-0490
Fax : (021) 634-6704; 633-6737
Homepage : www.btn.co.id
Email : agus.susanto@btn.co.id

BBTN Bank Tabungan Negara (Persero) Tbk.
TRADING ACTIVITIES
Bank Tabungan Negara (Persero) Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
2,800 400 Jan-13 1,640 1,450 1,620 12,496 502,676 774,616 21
Feb-13 1,680 1,530 1,630 16,891 460,352 741,687 20
2,450 350 Mar-13 1,740 1,610 1,700 15,925 556,705 936,218 19
Apr-13 1,720 1,470 1,490 13,858 462,242 745,326 22
May-13 1,510 1,260 1,420 24,534 686,550 950,640 22
2,100 300
Jun-13 1,400 1,010 1,150 19,347 347,074 411,522 19
Jul-13 1,250 1,020 1,040 17,377 380,644 430,266 23
1,750 250
Aug-13 1,200 880 950 12,813 270,433 285,056 17
Sep-13 1,160 840 930 29,196 430,902 418,199 21
1,400 200
Oct-13 1,030 910 970 17,269 337,041 325,799 21
Nov-13 1,020 900 970 10,701 240,433 230,220 20
1,050 150 Dec-13 990 820 870 10,010 155,875 145,999 19
700 100 Jan-14 970 835 900 18,385 275,674 252,515 20

Feb-14 1,145 890 1,080 37,825 1,429,330 1,502,277 20
350 50 Mar-14 1,355 1,015 1,285 39,910 1,270,021 1,539,871 20
Apr-14 1,525 1,140 1,155 55,199 1,598,310 2,048,453 20
May-14 1,175 1,070 1,090 36,625 903,411 1,011,693 18
Jun-14 1,090 980 1,040 25,604 570,012 589,252 21
Jul-14 1,230 1,030 1,080 48,574 1,654,735 1,874,974 18
Aug-14 1,215 1,045 1,115 42,735 1,333,365 1,517,629 20
Sep-14 1,180 1,070 1,170 32,063 968,580 1,090,634 22
Finance Index Nov-14 1,155 1,090 1,130 16,256 447,183 498,895 20
January 2013 - July 2017 Dec-14 1,240 1,120 1,205 21,919 566,006 662,843 20
100%
Jan-15 1,230 980 995 44,134 1,247,054 1,302,876 21
80% 77.5% Feb-15 1,095 990 1,070 47,590 1,549,165 1,615,293 19
75.7% Mar-15 1,270 1,060 1,255 40,326 1,207,915 1,392,206 22
60% Apr-15 1,250 1,080 1,115 28,932 701,031 823,389 21
May-15 1,245 1,080 1,205 25,132 547,298 639,653 19
40% Jun-15 1,200 1,070 1,190 28,296 410,752 469,186 21
34.4% Jul-15 1,230 1,150 1,170 22,849 297,190 353,106 19
Aug-15 1,255 935 1,065 32,369 543,842 582,291 20
20%
Sep-15 1,090 970 995 29,159 357,423 367,986 21
Oct-15 1,230 995 1,185 48,255 593,101 667,140 21
-
Nov-15 1,290 1,085 1,270 28,942 365,566 441,398 21
Dec-15 1,315 1,250 1,295 20,431 189,362 245,098 19
-20%
Jan-16 1,420 1,280 1,365 30,750 476,062 645,114 20

-40% Feb-16 1,690 1,350 1,660 58,858 1,005,608 1,526,817 20
Mar-16 1,865 1,600 1,745 43,540 462,332 796,834 21
-60% Apr-16 1,780 1,625 1,760 42,592 485,258 833,245 21
Jun-16 1,745 1,560 1,715 43,493 421,059 713,599 22
Jul-16 2,030 1,690 1,975 38,886 398,887 740,507 16
Days 244 242 244 246 135 Dec-16 1,835 1,610 1,740 42,299 309,590 533,513 20
Price (Rupiah) Jan-17 1,930 1,695 1,905 42,012 348,275 647,126 21

High 1,740 1,525 1,315 2,100 2,710 Feb-17 2,280 1,875 2,140 48,805 526,975 1,085,503 19
Low 820 835 935 1,280 1,695 Mar-17 2,360 2,000 2,270 64,967 651,018 1,422,368 22
Close 870 1,205 1,295 1,740 2,600 Apr-17 2,390 2,140 2,300 26,433 261,541 604,232 17
Close* 870 1,205 1,295 1,740 2,600 May-17 2,650 2,270 2,500 36,144 341,910 827,966 20
Jun-17 2,710 2,400 2,600 22,693 203,060 526,229 15
PER (X) 5.88 12.64 7.33 8.52 11.42 Jul-17 2,650 2,320 2,600 52,642 415,879 1,033,000 21
PER Industry (X) 17.20 27.72 25.09 20.71 23.80
PBV (X) 0.80 1.08 0.99 1.02 1.43

BBTN BankTabunganNegara(Persero)Tbk.
Cash on Hand 924,451 920,482 1,181,219 1,006,682 1,249,782 225,000

4,201,682 5,436,970 1,807,561 4,171,700 9,616,151 180,000
Loans 99,330,214 114,345,618 136,905,226 162,330,347 159,741,770
135,000
Investment - - - - -
Fixed Assets 1,522,724 1,488,383 1,553,401 4,659,379 4,707,632
90,000
Other Assets 783,770 1,007,989 1,553,599 2,189,078 2,732,915
Total Assets 131,169,730 144,582,353 171,807,592 214,168,479 224,066,811 45,000
Growth (%) 10.23% 18.83% 24.66% 4.62%
-
Deposits 96,482,879 107,649,946 129,429,868 163,640,452 157,757,084 2013 2014 2015 2016 Jun-17
Taxes Payable - 115,260 - - -
Fund Borrowings 7,073,035 6,998,213 7,726,728 4,999,616 7,648,742
19,131
Growth (%) 10.63% 19.36% 23.48% 4.71% 19,851

15,802
13,860
12,253
Paid up Capital 5,282,427 5,283,848 5,291,173 5,295,000 5,295,000 11,557
11,752

Par Value 500 500 500 500 500 7,702

Total Equity 11,556,753 12,252,895 13,860,107 19,130,536 19,851,474 3,653
Growth (%) 6.02% 13.12% 38.03% 3.77%

-397
2013 2014 2015 2016 Jun-17

Growth (%) 18.77% 16.86% 14.52%
763,983 894,820 1,106,526 1,282,822 782,788

17,139

12,807
Growth (%) -26.15% 60.62% 32.31% 10,146 8,983
Non-Operating Revenues 4,862 1,960 8,281 -22,148 -4,107

6,650

578,610 433,755 690,979 711,179 365,845
3,154

Profit for the period 1,562,161 1,145,572 1,850,907 2,618,905 1,271,080 -343
Growth (%) -26.67% 61.57% 41.49% 2013 2014 2015 2016 Jun-17

2,619
2,619
RATIOS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17

Dividend (Rp) 44.36 21.11 34.96 49.46 - 2,085
1,851
EPS (Rp) 147.86 108.40 174.91 247.30 120.03 1,562
1,093.89 1,159.47 1,309.74 1,806.47 1,874.55 1,271

1,550
BV (Rp) 1,146
DAR (X) 0.91 0.92 0.92 0.91 0.91 1,016
DER(X) 10.35 10.80 11.40 10.20 10.29

ROA (%) 1.19 0.79 1.08 1.22 0.57 482
ROE (%) 13.52 9.35 13.35 13.69 6.40

OPM (%) 19.81 12.32 16.93 19.56 18.27
-52
2013 2014 2015 2016 Jun-17

NPM (%) 14.49 8.94 12.37 15.28 14.15
Payout Ratio (%) 30.00 19.48 19.99 20.00 -
Yield (%) 5.10 1.75 2.70 2.84 -

COMPANY REPORT
BJBR
BPD JAWA BARAT & BANTEN TBK.
Company Profile
PTBankPembangunanDaerahJawaBaratdanBantenTbk.whichisknownasBankBJB,is
a commercial bank owned by The Provincial Government West Java, Provincial
GovernmentofBanten,allcitiesandregenciesgovernmentinWestJavaandBantenareas,
and public. Bank BJB is Indonesias first Regional Development Bank to have undertaken
IPO,whichwasrealizedonJuly8,2010.

Bank BJB is one of the local governmentowned commercial banks in Indonesia which
serves private customers, employees, cooperatives, local enterprises, state enterprises,
alongwithotherinstitutionsbothgovernmentandprivate.

Largely owned by the Governments of West Java and Banten, Bank BJB focused on the
distribution of Guna Bhakti Loan (KGB), which had been tailored to meet the needs of
GovernmentemployeesandastheBankscorebusiness.KGBisexpectedtoplaysignificant
roleandexperiencestrongergrowthcomparedtotheBanksothercorebusinesses

Bank BJB management has determined micro loan as a secondary pillar in its business
development.ThisportraystheBankseffortstocontributetoeconomicgrowthinthereal
sectors, the third pillar is commercial loan, commercial banking products consist of cash
loanandnoncashloanproducts.Cashloanproductsconsistofworkingcapitalloansand
investmentloans,whilenoncashloanistheserviceofprovidingBankGuaranteeforboth
privateandgovernmentprojects.ThiscanincreasefeebasedincomeBankBJB.

BankBJBalsosupportcustomersbusinesstodevelopebyprovidingproductsandfacilities
ofinternationalbankingtransactionsinordertosupporttheirexportandimportactivities
runsmoothlyandcomfortable.

The Bank classifies its branch offices into main branches, special branches, firstclass
branches, secondclass branches and thirdclass branches. Each branch has a subbranch
and/orcashofficeand/orpaymentpoint.AsofMarch31st,2017,theBankhas63branch
offices,311subbranches,337cashofficesand144paymentpoints.TheBankhad7,678
employees.

August 2017
Disclaimer:

BJBR BPD Jawa Barat dan Banten Tbk.
55 | 19.9T | 0.31% | 76.25%
14 | 21.1T | 1.12% | 48.87%

Established Date : 08-Apr-1999 1. Pemda Provinsi Jawa Barat 3,709,994,733 : 38.26%
Listing Date : 08-Jul-2010 2. Pemda Kabupaten Bandung 680,906,967 : 7.02%
Under Writer IPO : 3. Pemda Provinsi Banten 520,589,856 : 5.37%
PT Bahana securities 4. Public (<5%) 4,687,836,698 : 49.35%
PT CIMB Securities Indonesia
PT Datindo Entrycom Bonus Cash Recording Payment
F/I
Wisma Sudirman - Puri Datindo Year Shares Dividend Cum Date Ex Date Date Date
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2010 59.67 19-Apr-11 20-Apr-11 25-Apr-11 09-May-11 F
Phone : (021) 570-9009 2011 61.07 17-Apr-12 18-Apr-12 20-Apr-12 04-May-12 F
Fax : (021) 570-9026 2012 68.46 16-Apr-13 17-Apr-13 19-Apr-13 03-May-13 F
2013 78.10 16-Apr-14 17-Apr-14 22-Apr-14 07-May-14 F
BOARD OF COMMISSIONERS 2014 71.60 08-Apr-15 09-Apr-15 13-Apr-15 30-Apr-15 I
1. Klemi Subiyantoro *) 2015 84.80 31-Mar-16 01-Apr-16 05-Apr-16 27-Apr-16 F
2. Muhadi 2016 89.00 05-Apr-17 06-Apr-17 10-Apr-17 28-Apr-17 F
3. Rudhyanto Mooduto *)
4. Suwarta *) ISSUED HISTORY
5. Yayat Sutaryat *) Listing Trading
*) Independent Commissioners No. Type of Listing Shares Date Date
1. First Issue 2,424,072,500 08-Jul-10 08-Jul-10
BOARD OF DIRECTORS 2. Company Listing 7,175,255,754 08-Jul-10 08-Jul-10
1. Ahmad Irfan
2. Agus Gunawan
3. Agus Mulyana
4. Benny Santoso
5. Fermiyanti
6. Nia Kania
7. Suartini
AUDIT COMMITTEE
1. Suwarta
2. Erie Febrian
3. Klemi Subiyantoro
4. Mokhamad Anwar
5. Muhadi
CORPORATE SECRETARY
Hakim Putratama
HEAD OFFICE
Menara Bank Jabar Banten
Jln. Naripan No.12-14
Bandung 40111
Phone : (022) 423-4868
Fax : (022) 420-6099
Homepage : www.bankjabarbanten.co.id
Email : ir@bankbjb.co.id

TRADING ACTIVITIES
BPD Jawa Barat dan Banten Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
3,600 1,600 Jan-13 1,220 1,060 1,200 11,068 353,729 415,061 21
Feb-13 1,270 1,170 1,220 13,185 429,547 522,788 20
3,150 1,400 Mar-13 1,290 1,210 1,290 28,889 588,639 737,615 19
Apr-13 1,300 1,200 1,220 14,325 385,860 484,741 22
May-13 1,290 1,180 1,220 15,657 393,863 483,096 22
2,700 1,200
Jun-13 1,240 1,100 1,180 13,740 175,192 204,809 19
Jul-13 1,230 1,040 1,060 12,548 207,138 241,258 23
2,250 1,000
Aug-13 1,070 720 780 13,036 194,553 171,835 17
Sep-13 1,010 780 900 15,172 330,520 295,334 21
1,800 800
Oct-13 960 890 910 13,299 315,914 291,265 21
Nov-13 940 810 840 9,202 132,518 115,559 20
1,350 600 Dec-13 890 830 890 5,701 116,317 105,734 19
900 400 Jan-14 920 815 915 15,895 225,665 195,228 20

Feb-14 1,100 900 1,015 16,934 240,821 234,834 20
450 200 Mar-14 1,070 945 1,045 21,409 432,148 441,586 20
Apr-14 1,175 960 965 34,883 618,838 673,023 20
May-14 970 845 865 26,554 400,814 362,925 18
Jun-14 870 820 825 14,476 219,103 187,211 21
Jul-14 895 825 830 22,348 461,285 402,865 18
Aug-14 870 810 870 22,678 570,291 481,912 20
Sep-14 870 790 795 17,259 184,150 151,952 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 805 720 755 23,135 217,701 164,077 23
Finance Index Nov-14 815 720 800 11,020 118,022 91,468 20
January 2013 - July 2017 Dec-14 810 730 730 15,528 249,660 192,311 20
210%
Jan-15 840 730 825 20,417 462,504 369,508 21
175% Feb-15 990 815 980 19,889 452,300 406,971 19
Mar-15 1,010 930 1,000 21,326 245,959 240,546 22
140% Apr-15 1,025 840 875 33,961 593,324 568,184 21
May-15 910 845 890 21,633 336,676 296,141 19
105% Jun-15 1,000 815 820 28,190 193,528 168,713 21
Jul-15 875 790 805 18,456 105,606 87,322 19
86.5%
77.5% Aug-15 815 565 695 23,609 232,877 159,229 20
70%
Sep-15 740 590 615 14,066 74,560 51,218 21
Oct-15 805 585 755 30,887 541,088 385,535 21
35% 34.4%
Nov-15 795 700 710 22,271 244,040 182,319 21
Dec-15 780 705 755 14,891 162,732 123,557 19
-
Jan-16 895 745 870 23,433 383,589 317,025 20

-35% Feb-16 975 860 920 26,728 359,668 330,129 20
Mar-16 995 900 965 33,760 329,699 312,138 21
-70% Apr-16 965 880 940 31,588 395,646 362,870 21
Jun-16 1,140 940 1,125 23,140 265,155 276,639 22
Jul-16 1,535 1,075 1,425 35,579 522,621 649,680 16
Days 244 242 244 246 135 Dec-16 3,510 1,505 3,390 144,205 2,301,473 6,457,197 20
Price (Rupiah) Jan-17 3,400 2,240 2,300 55,966 586,008 1,600,856 21

High 1,300 1,175 1,025 3,510 3,400 Feb-17 2,420 2,210 2,300 24,333 226,131 513,465 19
Low 720 720 565 745 1,925 Mar-17 2,450 2,010 2,020 29,330 429,123 959,536 22
Close 890 730 755 3,390 2,070 Apr-17 2,470 1,960 2,010 39,524 698,601 1,468,573 17
Close* 890 730 755 3,390 2,070 May-17 2,500 1,925 2,350 34,130 579,143 1,259,230 20
Jun-17 2,520 2,150 2,210 27,836 1,712,033 4,748,592 15
PER (X) 6.29 7.44 5.26 21.19 10.67 Jul-17 2,300 1,980 2,070 34,724 999,802 2,090,513 21
PER Industry (X) 17.20 27.72 25.09 20.71 23.80
PBV (X) 1.28 1.06 0.94 3.41 2.09

Cash on Hand 2,595,260 2,767,678 2,402,588 2,215,341 1,802,817 112,500

10,291,810 568,461 12,838,700 9,206,598 2,165,072 90,000
Loans 44,289,060 49,616,998 54,368,172 62,754,600 62,473,916
67,500
Investment 24,415 27,748 27,748 31,984 30,681
Fixed Assets 699,069 1,044,844 1,023,314 2,740,397 2,735,286
45,000
Other Assets 1,764,837 1,408,121 1,271,269 1,306,084 1,414,602
Total Assets 70,958,233 75,836,537 88,697,430 102,318,457 104,764,175
22,500
Growth (%) 6.87% 16.96% 15.36% 2.39%
-
Deposits 52,167,426 53,487,890 66,822,171 79,153,531 84,605,656 2013 2014 2015 2016 Mar-17
Taxes Payable 101,676 105,751 129,533 26,695 115,843
Fund Borrowings 324,337 456,490 434,617 246,055 266,525
Other Liabilities 799,593 766,221 660,998 768,005 1,341,020 TOTAL EQUITY (Bill. Rp)
9,257
Growth (%) -0.55% 19.07% 14.40% 2.84% 9,674
7,757
7,084
7,701
Paid up Capital 2,424,073 2,424,073 2,424,073 2,424,073 2,424,073

5,727

Par Value 250 250 250 250 250 3,754

Total Equity 6,718,265 7,083,607 7,757,218 9,674,228 9,256,635 1,780
Growth (%) 5.44% 9.51% 24.71% -4.32%

-193
2013 2014 2015 2016 Mar-17

INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Mar-17
Growth (%) 8.10% 14.70% 5.88%

10,084
457,258 565,904 565,789 758,197 157,025
10,678

8,500
Income from Operations 1,751,931 1,415,835 1,811,297 1,520,309 589,710

Growth (%) -19.18% 27.93% -16.07% 6,321
Non-Operating Revenues 943 22,655 -44,899 -56,401 -14,962 4,143
2,760
Income Before Tax 1,752,874 1,438,490 1,766,398 1,463,908 574,748
376,487 318,455 385,434 310,683 125,419
1,965

Profit for the period 1,376,387 1,120,035 1,380,964 1,153,225 449,329 -214
Growth (%) -18.62% 23.30% -16.49% 2013 2014 2015 2016 Mar-17
Period Attributable 1,372,913 1,116,095 1,377,109 1,154,421 448,621

Comprehensive Income 1,376,387 1,120,035 1,369,829 2,741,103 449,232 PROFIT FOR THE PERIOD (Bill. Rp)
Comprehensive Attributable 1,372,913 1,116,095 1,365,938 2,471,148 449,232
1,376 1,381
1,381
Dec-13 Dec-14 Dec-15 Dec-16 Mar-17 1,153

RATIOS 1,120
Dividend (Rp) 78.10 71.60 84.80 89.00 - 1,099
EPS (Rp) 141.59 115.11 142.02 119.06 46.27

692.87 730.55 800.02 997.72 954.66
818
BV (Rp)
DAR (X) 0.91 0.84 0.86 0.85 0.85 536
449
DER(X) 9.56 9.02 9.81 9.00 9.67
ROA (%) 1.94 1.48 1.56 1.13 0.43 254
ROE (%) 20.49 15.81 17.80 11.92 4.85

OPM (%) 21.54 16.10 17.96 14.24 21.36
-28
2013 2014 2015 2016 Mar-17

NPM (%) 16.92 12.74 13.69 10.80 16.28
Payout Ratio (%) 55.16 62.20 59.71 74.75 -
Yield (%) 8.78 9.81 11.23 2.63 -

COMPANY REPORT
BMRI
BANK MANDIRI (PERSERO) TBK.
Company Profile
Bank Mandiri was formed on 2 October 1998, as part of the government of Indonesias
bankrestructuringprogram.BankMandiriisthelargestbankinIndonesia.BankMandiri
offersacomprehensiverangeoffinancialsolutionstoprivate andstateownedlargeand
mediumcorporations,smallandmicrobusinessesaswellasretailconsumers.
Amidstthevariousexternalchallenges,MandiriGroupsuccessfullyachievedanumberof
importantmilestones.Inconnectionwiththevariousimprovementstobusinessprocesses,
Mandiri Group conducted disciplined supervision over the microfinancial and macro
external parameters so as to serve as an early warning system. The supervision process
was carried out proactively based on the principles of good corporate governance and
focusedonstrengtheningthefoundationsforachievingourgoalsinourthree(3)business
focusareas(wholesaletransactions,retaildepositsandpayments,andretailfinancing),as
wellasinternalcontrols,improvedriskmanagement,andenhancementstoinfrastructure
andhumanresources.
In line with the product development and the increasing complexity of transactions,
Management has also taken steps to optimize the Internal Audit function, both in
assuranceandadvisoryterms,byenhancingthecapacityofauditors.Suchcapacityisnot
just limited to auditing knowledge and skills, but also extends to knowledge of products
andbankingoperations.
AsofJune30th,2017structureandthenumberofdomesticandoverseasofficesofBank
Mandiri(Total2,609offices)areasfollows:
12thedomesticterritoryOffice
Branchesinthecountry:
o 79AreaOffice
o 1,256BranchOffice
o 1,084MandiriMitraUsahaOffices
o 184CashOutlet
6 Overseas branches (Cayman Islands, Singapore, Hong Kong, Timor Leste,
Shanghai(China)and1remittanceofficeinHongKong)
TotalnumberofBankMandiriemployeesasofJune30th,2017,was38,584.
August 2017
Disclaimer:

BMRI BankMandiri(Persero)Tbk.
7 | 315.3T | 4.93% | 42.42%
5 | 65.5T | 3.48% | 32.49%

Established Date : 02-Oct-1998 1. Negara Republik Indonesia 14,000,000,000 : 60.00%
Listing Date : 14-Jul-2003 2. Public (<5%) 9,099,999,999 : 40.00%
Under Writer IPO :
PT ABN AMRO Asia Securities Indonesia Bonus Cash Recording Payment
F/I
PT Datindo Entrycom 2003 50.00 16-Dec-03 17-Dec-03 19-Dec-03 30-Dec-03 I
Wisma Sudirman - Puri Datindo 2003 115.00 11-Jun-04 14-Jun-04 16-Jun-04 30-Jun-04 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2004 60.00 16-Dec-04 17-Dec-04 21-Dec-04 30-Dec-04 I
Phone : (021) 570-9009 2005 70.50 13-Jun-05 14-Jun-05 16-Jun-05 24-Jun-05
2006 70.02 19-Jun-07 20-Jun-07 22-Jun-07 29-Jun-07 F
1. Hartadi A. Sarwono *) 2008 88.55 26-May-09 27-May-09 29-May-09 12-Jun-09 F
2. Ardan Adipermana 2009 19.26 02-Dec-09 03-Dec-09 07-Dec-09 22-Dec-09 I
3. Askolani 2010 19.64 21-Dec-10 22-Dec-10 27-Dec-10 30-Dec-10 I
4. Bangun Sarwito Kusmulyono *) 2010 120.60 15-Jun-11 16-Jun-11 20-Jun-11 30-Jun-11 F
5. Goei Siauw Hong *) 2011 104.97 15-May-12 16-May-12 22-May-12 05-Jun-12 F
6. Imam Apriyanto Putro 2012 199.33 26-Apr-13 29-Apr-13 01-May-13 16-May-13 F
7. Makmur Keliat *) 2013 234.05 26-Mar-14 27-Mar-14 01-Apr-14 15-Apr-14 F
8. R. Widyopramono 2014 212.91 23-Mar-15 24-Mar-15 26-Mar-15 17-Apr-15 I
*) Independent Commissioners 2015 261.45 29-Mar-16 30-Mar-16 01-Apr-16 22-Apr-16 F
2016 266.27 21-Mar-17 22-Mar-17 24-Mar-17 13-Apr-17 F
BOARD OF DIRECTORS
1. Kartika Wirjoatmodjo ISSUED HISTORY
2. Ahmad Siddik Badruddin Listing Trading
3. Hery Gunardi No. Type of Listing Shares Date Date
4. Kartini Sally 1. First Issue 2,900,000,000 14-Jul-03 14-Jul-03
5. Ogi Prastomiyono 2. Company Listing 16,900,000,000 T: 14-Jul-03 : 30-Dec-03
6. Rico Usthavia Frans 3. MSOP Conversion 598,938,831 T: 26-Jul-04 : 09-Jan-07
7. Royke Tumilaar 4. Partial delisting 1 % -9,955,000 06-Dec-05 06-Dec-05
8. Sulaiman Arif Arianto 5. MSOP Conversion I & II 32,316,636 T: 11-Dec-06 : 15-Dec-06
9. Tardi 6. MSOP Conversion I 10,547,213 T: 21-Mar-07 : 16-Jul-08
7. MSOP Conversion I, II & III 105,564,065 T: 10-May-07 : 02-Jun-08
AUDIT COMMITTEE 8. MSOP Conversion I & III 129,311,724 T: 14-May-07 : 28-May-08
1. Bangun Sarwito Kusmulyono 9. MSOP Conversion II & III 33,502,868 T: 14-Nov-07 : 19-May-10
2. Ardan Adipermana 10. MSOP Conversion III 86,224,280 T: 19-Nov-07 : 16-Dec-10
3. Askolani 11. MSOP Conversion II 44,125 02-Jun-10 02-Jun-10
4. Budi Sulistio 12. Right Issue 2,313,505,257 02-Mar-11 02-Mar-11
5. Goei Siauw Hong
6. Lista Irna
CORPORATE SECRETARY
Rohan Hafas
HEAD OFFICE
Plaza Mandiri
Jln. Jend. Gatot Subroto Kav. 36 - 38
Jakarta 12190
Phone : (021) 5291-3321
Fax : (021) 5296-4024
Homepage : www.bankmandiri.co.id
Email : cma@bankmandiri.co.id

BMRI Bank Mandiri (Persero) Tbk.
TRADING ACTIVITIES
Bank Mandiri (Persero) Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
14,000 240 Jan-13 9,050 8,000 9,050 36,696 517,167 4,358,835 21
Feb-13 10,150 8,700 10,050 33,818 567,187 5,224,978 20
12,250 210 Mar-13 10,050 9,450 10,000 38,478 570,412 5,577,493 19
Apr-13 10,750 9,800 10,500 33,768 525,014 5,402,910 22
May-13 10,550 9,700 9,700 47,425 748,146 7,579,728 22
10,500 180
Jun-13 9,900 8,250 9,000 68,921 871,631 7,848,472 19
Jul-13 9,050 7,450 8,900 68,683 837,483 7,032,852 23
8,750 150
Aug-13 8,900 6,250 7,100 67,391 1,083,003 8,108,305 17
Sep-13 10,300 6,550 7,950 73,619 1,026,893 8,219,662 21
7,000 120
Oct-13 8,950 8,050 8,600 59,726 755,875 6,413,599 21
Nov-13 8,600 7,350 7,650 67,113 754,337 5,883,592 20
5,250 90 Dec-13 8,000 7,300 7,850 41,923 370,112 2,853,587 19
3,500 60 Jan-14 9,525 7,600 8,700 76,373 650,120 5,508,866 20

Feb-14 9,650 8,400 9,100 76,609 701,451 6,330,151 20
1,750 30 Mar-14 10,250 9,000 9,450 87,370 821,343 7,785,861 20
Apr-14 10,350 9,525 9,825 83,068 758,989 7,503,307 20
May-14 10,825 9,775 10,175 67,908 527,196 5,392,549 18
Jun-14 10,250 9,625 9,725 62,399 585,096 5,798,770 21
Jul-14 11,000 9,625 10,250 87,146 885,176 9,132,248 18
Aug-14 10,650 10,025 10,375 59,900 443,282 4,620,858 20
Sep-14 10,700 9,825 10,075 67,815 578,571 5,988,220 22
January 2013 - July 2017 Dec-14 10,875 10,125 10,775 57,885 416,710 4,418,807 20
90%
Jan-15 11,375 10,600 11,000 66,447 515,375 5,623,454 21
75% 77.5%
Feb-15 12,300 10,950 12,000 65,366 563,345 6,593,778 19
Mar-15 12,475 11,750 12,475 70,026 428,152 5,146,324 22
65.5%
60% Apr-15 12,550 10,350 10,750 80,765 638,748 7,347,327 21
May-15 11,725 10,700 10,775 75,800 721,520 8,037,833 19
45% Jun-15 10,825 9,350 10,050 91,798 706,310 7,092,455 21
Jul-15 10,400 9,275 9,525 78,628 566,167 5,596,610 19
34.4% Aug-15 10,075 8,125 9,100 117,687 957,499 8,726,356 20
30%
Sep-15 9,000 7,150 7,925 74,765 574,228 4,839,637 21
Oct-15 9,650 7,675 8,700 92,673 647,562 5,819,148 21
15%
Nov-15 9,275 8,150 8,500 86,552 621,608 5,408,876 21
Dec-15 9,250 8,450 9,250 66,540 386,816 3,436,104 19
-
Jan-16 9,600 9,000 9,600 63,648 481,137 4,499,144 20

-15% Feb-16 10,400 9,175 9,550 96,936 776,545 7,514,552 20
Mar-16 10,375 9,375 10,300 79,327 646,595 6,486,963 21
-30% Apr-16 10,450 9,200 9,650 103,785 640,026 6,220,689 21
Jun-16 9,700 8,850 9,525 80,833 483,413 4,461,305 22
Jul-16 10,475 9,325 10,100 101,843 895,356 8,894,030 16
Frequency (Thou. X) 638 872 967 1,073 440 Nov-16 11,900 10,025 10,500 105,708 623,662 6,719,559 22
Days 244 242 244 246 135 Dec-16 11,725 10,500 11,575 70,688 372,585 4,051,933 20
Price (Rupiah) Jan-17 11,600 10,900 10,900 58,199 353,534 3,936,579 21

High 10,750 11,000 12,550 11,950 13,650 Feb-17 11,600 10,900 11,300 70,997 549,633 6,175,257 19
Low 6,250 7,600 7,150 8,650 10,900 Mar-17 12,025 11,200 11,700 65,917 518,324 6,014,235 22
Close 7,850 10,775 9,250 11,575 13,650 Apr-17 12,425 11,400 11,700 60,748 449,776 5,309,858 17
Close* 7,850 10,775 9,250 11,575 13,650 May-17 13,300 11,500 12,600 76,415 489,638 5,915,605 20
Jun-17 12,850 12,150 12,750 44,727 283,347 3,545,827 15
PER (X) 10.06 13.05 10.51 16.86 18.94 Jul-17 13,650 12,675 13,650 63,234 416,102 5,527,186 21
PER Industry (X) 17.20 27.72 25.09 20.71 23.80
PBV (X) 2.06 2.54 1.81 1.77 2.06

BMRI Bank Mandiri (Persero) Tbk.
Cash on Hand 19,051,934 20,704,563 25,109,124 22,906,775 33,494,286 1,075,000

26,802,548 40,465,158 43,641,564 55,419,454 59,456,088 860,000
Loans 450,634,798 505,394,870 564,393,595 56,551,643 632,927,539
645,000
Investment 616,821 766,524 646,753 829,945 1,721,824
Fixed Assets 7,645,598 8,928,856 9,761,688 35,663,290 35,255,114
430,000
Other Assets 8,908,732 11,239,398 11,292,727 11,557,238 14,403,006
Total Assets 733,099,762 855,039,673 910,063,409 1,038,706,009 1,067,410,775
215,000
Growth (%) 16.63% 6.44% 14.14% 2.76%
-
Deposits 521,439,569 600,980,756 634,968,568 711,399,426 711,763,190 2013 2014 2015 2016 Jun-17
Taxes Payable 2,126,864 1,875,141 2,131,616 1,258,792 888,120
Fund Borrowings 15,997,188 24,227,104 33,764,671 35,882,757 35,909,872
153,370
Growth (%) 16.43% -1.87% 12.00% 2.95% 157,444
119,492
125,326
104,845
Paid up Capital 11,666,667 11,666,667 11,666,667 11,666,667 11,666,667 88,791
93,207

Par Value 500 500 500 500 500 61,088

Total Equity 88,790,596 104,844,562 119,491,841 153,369,723 157,444,295 28,970
Growth (%) 18.08% 13.97% 28.35% 2.66%

-3,149
2013 2014 2015 2016 Jun-17

Growth (%) 24.75% 14.26% 7.18%

71,570
14,686,637 14,687,815 18,378,678 19,286,425 10,175,616
76,710

62,638
Growth (%) 10.30% 1.39% -29.33% 45,412

39,125
Non-Operating Revenues 510,126 29,909 30,458 -39,762 -47,334 29,763

5,231,903 5,353,232 5,217,032 3,922,802 2,577,504
14,115

Profit for the period 18,829,934 20,654,783 21,152,398 14,650,163 9,857,220 -1,534
Growth (%) 9.69% 2.41% -30.74% 2013 2014 2015 2016 Jun-17

20,655 21,152
18,830
21,152
RATIOS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17

Dividend (Rp) 234.05 212.91 261.45 266.27 - 16,837
14,650
EPS (Rp) 780.16 851.65 871.50 591.71 405.56
3,805.31 4,493.34 5,121.08 6,572.99 6,747.61 9,857
12,522
BV (Rp)
DAR (X) 0.88 0.88 0.81 0.79 0.80 8,207
DER(X) 7.26 7.16 6.16 5.38 5.39

ROA (%) 2.57 2.42 2.32 1.41 0.92 3,892
ROE (%) 21.21 19.70 17.70 9.55 6.26

OPM (%) 46.91 41.47 36.80 24.26 31.90
-423
2013 2014 2015 2016 Jun-17

NPM (%) 37.50 32.97 29.55 19.10 25.19
Payout Ratio (%) 30.00 25.00 30.00 45.00 -
Yield (%) 2.98 1.98 2.83 2.30 -

COMPANY REPORT
BMTR
GLOBAL MEDIACOM TBK.
Company Profile
TheCompanystartedcommercialoperationsin1982.Thescopeofcompaniesitsactivities
is in the fields of industry, mining, transportation, agriculture, telecommunications, real
estate, architecture, construction (developer), printing, services and trade, media and
investment. Currently, the Company is engaged in investment sector and the parent
companyofseveralsubsidiaries.

The Company is supported by two main lines of businesses that have generated major
revenuecontribution,namely,contentandadvertisingbasedmediamanagedbyPTMedia
NusantaraCitraTbk.(MNC)andsubscriptionbasedmedia,managedbyPTMNCSkyVision
Tbk (MSKY). Besides content and advertisingbased media and subscriptionbased media,
The Company is also engaged in the investment, infrastructure, new media (news portal
andonlinehomeshopping).
The Company focuses targets for its business lines mainly MNC and MNC Sky Vision.
Through FTA TV, MNC targets to be the leading national TV among others by increasing
audiencesharethroughbroadcastinghighqualityTVprogramminganddevelopingcontent
business.ThroughSINDOTV,MNCalsotargetstotransformlocalTVSindoTVintonational
TVnetworkbyintegratingexisting40regionalbroadcasters.ThroughMNCSkyVision,the
company targets to improve the servicequality delivered to the subscribers byproviding
anddevelopingexclusivecontentstosuitmarketdemandsandthustoincreasesubscribers
byenhancinggoodrelationshipswithnewandloyalcustomers.
TheCompanyhasitsexcellenceinprovidingthesrengthofitscorebusiness(FTA&PayTV)
and broadcast distinguished porgrams that attract more viewership especially women.
Through MSKY, the Company also has a competitive edge as it controls its sales and
distributions and has close to 20 exclusive TV channels, leveraging in particular its local
contentlibrary.
At June 30th, 2017 the Company and its subsidiaries ad total employees of 12,208
employees.
August 2017
Disclaimer:

BMTR Global Mediacom Tbk. [S]
Industry Sub Sector : Investment Company (98) Market Capitalization : 7,383,283,139,440
124 | 7.38T | 0.12% | 88.80%
80 | 5.47T | 0.29% | 85.36%

Established Date : 30-Jun-1981 1. PT MNC Investama Tbk. 4,225,903,470 : 29.70%
Listing Date : 17-Jul-1995 2. DB AG HK SA PT MNC Investama 3,276,739,030 : 23.00%
Under Writer IPO : 3. Widarsadipraja 1,000,000 : 14.90%
PT Makindo 4. A. M. Kusuma Asmara 800,000 : 11.90%
Securities Administration Bureau : 5. Public (<5%) 6,694,178,922 : 20.50%
PT BSR Indonesia
Komplek Perkantoran ITC Roxy Mas Blok E1 No. 10-11 DIVIDEND ANNOUNCEMENT
Jln. K.H. Hasyim Ashari Jakarta 10150 Bonus Cash Recording Payment
F/I
Phone : (021) 631-7828 Year Shares Dividend Cum Date Ex Date Date Date
1996 20.00 05-May-97 06-May-97 15-May-97 03-Jun-97 F
BOARD OF COMMISSIONERS 1997 4.50 22-Jun-98 23-Jun-98 01-Jul-98 24-Jul-98 F
1. Rosano Barack 2000 15.00 28-May-01 29-May-01 01-Jun-01 18-Jun-01 F
2. Beti Puspitasari Santoso *) 2001 20.00 18-Jun-02 19-Jun-02 24-Jun-02 08-Jul-02 F
3. John Aristianto Prasetio *) 2002 26.00 05-Jun-03 06-Jun-03 10-Jun-03 24-Jun-03 F
4. Mohamed Idwan Ganie *) 2003 25.00 11-Jun-04 14-Jun-04 16-Jun-04 30-Jun-04 F
*) Independent Commissioners 2005 1:1 07-Jul-06 10-Jul-06 12-Jul-06 26-Jul-06 S
2006 4.00 11-Jul-07 12-Jul-07 16-Jul-07 30-Jul-07 F
BOARD OF DIRECTORS 2007 14.56 28-Nov-07 29-Nov-07 03-Dec-07 17-Dec-07 I
1. Hary Tanoesoedibjo 2008 3.50 06-Nov-09 09-Nov-09 25-Nov-09 25-Nov-09 F
2. Christophorus Taufik Siswadi 2009 5.00 03-Dec-10 06-Dec-10 09-Dec-10 23-Dec-10 F
3. David Fernando Audy 2010 10.00 06-Dec-11 07-Dec-11 09-Dec-11 23-Dec-11 F
4. Indra Pudjiastuti 2012 24.00 10-Sep-13 11-Sep-13 13-Sep-13 27-Sep-13 F
5. Oerianto Guyandi 2013 25.00 16-Oct-14 17-Oct-14 21-Oct-14 04-Nov-14 F
6. Syafril Nasution 2014 25.00 27-May-15 28-May-15 01-Jun-15 19-Jun-15 F
2016 5.00 07-Jul-17 10-Jul-17 12-Jul-17 03-Aug-17 F
AUDIT COMMITTEE
1. Beti Puspitasari Santoso ISSUED HISTORY
2. Hery Kusnanto Listing Trading
3. John Aristianto Prasetio No. Type of Listing Shares Date Date
4. Mohamed Idwan Ganie 1. First Issue 200,000,000 T: 17-Jul-95 : 10-Jun-10
2. Company Listing 760,000,000 T: 17-Jul-95 : 11-Jun-10
CORPORATE SECRETARY 3. Convertible Bond 57,000,000 T: 17-Jul-95 : 20-Feb-96
Ajun Sri Damayanti 4. Option Conversion 1,088,576 T: 30-Apr-02 : 03-Jun-02
5. ESOP Conversion 84,293,938 T: 20-Jun-02 : 19-Sep-11
HEAD OFFICE 6. Right Issue 266,978,118 28-Jul-04 28-Jul-04
MNC Tower 27th - 29th Fl. 7. Bonus Shares 1,299,013,678 26-Jul-06 26-Jul-06
Jln. Kebon Sirih 17 - 19 8. Stock Split 10,417,945,240 24-Apr-07 24-Apr-07
Jakarta 9. Additional Listing without RI 685,168,000 06-Jul-07 06-Jul-07
Phone : (021) 390-0065 10. ESOP Conversion I 43,722,000 T: 17-Mar-11 : 07-Jun-11
Fax : (021) 390-9207, 230-5281, 392-7859 11. ESOP Conversion I & II 34,647,500 T: 23-Sep-11 : 12-Mar-12
12. ESOP Conversion I, II & III 106,578,500 T: 16-Mar-12 : 18-Oct-12
Homepage : www.mediacom.co.id 13. ESOP Conversion II & III 5,838,500 28-Sep-12 28-Sep-12
Email : Ajun.damayanti@mncgroup.com 14. ESOP Conversion II, III, IV & V 62,991,500 29-May-13 29-May-13
15. Revision ESOP II, III, IV & V 8,000 21-Jun-13 21-Jun-13
16. ESOP Conversion III, IV & V 21,741,500 27-Nov-13 27-Nov-13
17. ESOP Conversion IV & V 145,911,872 T: 28-May-14 : 20-Nov-14
18. ESOP Conversion VII 7,500 18-Aug-16 18-Aug-16

TRADING ACTIVITIES
Global Mediacom Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,800 560 Jan-13 2,575 2,150 2,175 46,238 522,750 1,240,680 21
Feb-13 2,350 2,050 2,300 55,245 480,534 1,079,567 20
2,450 490 Mar-13 2,550 2,275 2,325 34,193 627,244 1,518,188 19
Apr-13 2,400 2,050 2,175 38,596 460,369 1,017,507 22
May-13 2,800 2,075 2,600 51,309 1,054,035 2,583,137 22
2,100 420
Jun-13 2,600 1,860 2,150 46,999 857,900 1,830,708 19
Jul-13 2,550 1,860 2,300 40,269 1,050,215 2,260,063 23
1,750 350
Aug-13 2,375 1,370 1,750 46,422 758,529 1,315,192 17
Sep-13 2,125 1,620 1,930 36,501 600,980 1,138,921 21
1,400 280
Oct-13 2,200 1,810 1,910 31,060 882,237 1,828,517 21
Nov-13 1,970 1,740 1,950 32,673 392,610 740,219 20
1,050 210 Dec-13 2,000 1,810 1,900 24,458 240,075 460,216 19
700 140 Jan-14 1,950 1,780 1,850 29,385 195,531 364,107 20

Feb-14 2,185 1,745 2,185 34,222 170,355 327,917 20
350 70 Mar-14 2,500 2,115 2,350 36,263 293,514 694,364 20
Apr-14 2,405 2,100 2,190 42,963 559,651 1,270,060 20
May-14 2,290 2,050 2,050 47,499 551,725 1,208,378 18
Jun-14 2,200 2,000 2,125 84,349 985,902 2,107,593 21
Jul-14 2,145 1,900 1,920 42,640 663,996 1,341,742 18
Aug-14 2,045 1,745 1,935 42,518 614,598 1,158,193 20
Sep-14 2,125 1,885 1,945 41,246 406,747 803,456 22
January 2013 - July 2017 Dec-14 1,610 1,375 1,425 40,757 635,529 968,053 20
60%
Jan-15 2,015 1,390 1,855 60,991 440,605 793,168 21
40% Feb-15 2,050 1,720 2,015 46,069 262,325 489,181 19
34.4%
Mar-15 2,025 1,670 1,750 49,125 373,592 704,175 22
24.2% Apr-15 1,795 1,400 1,550 40,448 250,699 402,986 21
20%
May-15 1,580 1,275 1,290 50,073 394,587 541,817 19
- Jun-15 1,330 1,045 1,170 71,841 597,032 717,028 21
Jul-15 1,245 1,090 1,245 35,181 211,282 244,332 19
Aug-15 1,350 1,045 1,180 29,430 141,738 173,425 20
-20%
Sep-15 1,180 840 940 28,922 231,215 226,908 21
Oct-15 1,140 870 870 30,983 161,906 163,411 21
-40%
Nov-15 925 780 835 20,310 210,002 178,602 21
Dec-15 1,120 660 1,100 61,575 393,682 333,699 19
-60%
Jan-16 1,170 770 800 81,856 449,021 404,960 20

-80% -78.3% Feb-16 885 725 875 71,388 544,392 440,898 20
Mar-16 1,210 855 1,205 72,185 498,077 489,312 21
-100% Apr-16 1,260 1,035 1,160 49,191 426,760 475,955 21
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 1,230 995 995 41,316 214,859 237,988 20
Jun-16 1,125 895 985 37,663 197,989 200,861 22
Jul-16 1,150 980 1,030 47,463 167,798 176,855 16
SHARES TRADED 2013 2014 2015 2016 Jul-17 Aug-16 1,125 840 890 44,928 299,128 292,775 22
Volume (Million Sh.) 7,927 5,634 3,669 5,999 5,758 Sep-16 940 830 890 35,926 290,713 257,594 21
Value (Billion Rp) 17,013 11,270 4,969 4,918 3,379 Oct-16 920 805 850 25,358 314,019 270,578 21
Frequency (Thou. X) 484 526 525 622 578 Nov-16 890 585 590 65,078 1,337,970 867,946 22
Days 244 242 244 246 135 Dec-16 645 555 615 49,954 1,258,043 802,290 20
Price (Rupiah) Jan-17 680 590 600 76,832 961,670 603,235 21

High 2,800 2,500 2,050 1,260 710 Feb-17 630 505 540 170,840 1,350,827 772,257 19
Low 1,370 1,375 660 555 505 Mar-17 560 505 520 97,392 690,810 364,809 22
Close 1,900 1,425 1,100 615 520 Apr-17 565 510 535 50,076 573,438 307,668 17
Close* 1,900 1,425 1,100 615 520 May-17 710 530 655 50,472 897,861 567,873 20
Jun-17 660 575 580 62,469 587,803 365,368 15
PER (X) 43.04 22.00 299.33 8.89 38.28 Jul-17 615 505 520 70,394 695,764 397,657 21
PER Industry (X) 15.42 22.13 14.53 19.07 8.98
PBV (X) 2.00 1.29 1.02 0.56 0.53

Public Accountant : Satrio Bing Eny & Rekan (Member of Deloitte Touche Tohmatsu Limited)
Cash & Cash Equivalents 1,529,588 1,485,421 631,409 816,140 753,371 27,500
Receivables 3,630,541 3,617,304 3,912,542 3,272,738 3,379,956

1,803,445 2,038,756 1,911,910 2,180,567 2,676,773 22,000
Inventories
Current Assets 9,748,947 10,699,101 9,900,012 8,687,868 9,454,535
16,500
Fixed Assets 4,906,183 6,299,156 7,949,132 855,132 10,602,645
Other Assets 824,763 1,260,497 232,767 175,646 226,062
11,000
Total Assets 21,069,471 25,365,211 26,492,179 24,624,431 26,874,288
Growth (%) 20.39% 4.44% -7.05% 9.14% 5,500

Growth (%) 22.99% 17.98% -4.33% 24.57%
15,295
Paid up Capital 1,405,270 1,419,861 1,419,861 1,419,862 1,419,862
13,912
15,875
13,353 13,530
Par Value 100 100 100 100 100
12,636

13,353,037 15,874,525 15,294,612 13,911,984 13,529,589
9,398
Total Equity
Growth (%) 18.88% -3.65% -9.04% -2.75% 6,159
Total Revenues 10,019,977 10,657,152 10,572,834 10,459,641 5,494,555

Growth (%) 6.36% -0.79% -1.07%
-317
2013 2014 2015 2016 Jun-17
Cost of Revenues 5,486,919 6,131,982 6,551,292 6,239,894 3,096,711

Gross Profit 4,533,058 4,525,170 4,021,542 4,219,747 2,397,844
Expenses (Income) 3,021,595 2,607,623 3,406,924 2,807,572 1,442,576
Operating Profit - - - - - 10,657 10,573 10,460
10,020
Growth (%)
10,657
8,483

Income before Tax 1,511,463 1,917,547 614,618 1,412,175 955,268 6,309
5,495
Tax 481,817 627,539 331,179 625,635 348,090
Profit for the period 1,029,646 1,290,008 283,439 786,540 607,178 4,135
Growth (%) 25.29% -78.03% 177.50%

1,961
Period Attributable 620,395 704,981 52,178 203,902 314,049 -213
Comprehensive Income 1,101,619 1,194,206 251,956 850,990 582,960 2013 2014 2015 2016 Jun-17
Current Ratio (%) 264.84 417.34 153.08 118.39 116.12
1,290
Dividend (Rp) 25.00 25.00 - 5.00 - 1,290
EPS (Rp) 44.15 49.65 3.67 14.36 22.12 1,030

BV (Rp) 950.21 1,118.03 1,077.19 979.81 952.88 1,027
787
DAR (X) 0.37 0.37 0.42 0.44 0.50
DER(X) 0.58 0.60 0.73 0.77 0.99 607
764
ROA (%) 4.89 5.09 1.07 3.19 2.26 501
ROE (%) 7.71 8.13 1.85 5.65 4.49 283

GPM (%) 45.24 42.46 38.04 40.34 43.64 237
OPM (%) - - - - -
NPM (%) 10.28 12.10 2.68 7.52 11.05
-26
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 56.63 50.35 - 34.82 -
Yield (%) 1.32 1.75 - 0.81 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
BRPT
BARITO PACIFIC TBK.
Company Profile
PTBaritoPacificTbk.wasestablishedat1968underthenameofPTBumiRayaPuraMas
Kalimantan. And dated August 29th, 2007 the Company changed its name to PT Barito
PacificTbk.

TheCompanyisdomiciledinBanjarmasinanditsplantsarelocatedinJelapat,Banjarmasin.
The Companys office in Jakarta is located in Wisma Barito Pacific, Jln. Letjen S. Parman
Kav.6263Jakarta.

The Companys scope of business activities comprises of forestry, agriculture, mining,
industry,property,trading,energyrenewableandtransportation.

The Company has ownership of subsidiaries in the field of petrochemicals, forestry and
wood processing industries, industrial plantations, glue (adhesive), property, plantations,
etc.

AsofMarch31st,2017,theCompanyandsubsidiarieshad2,616permanentemployees.

August 2017
Disclaimer:

BRPT Barito Pacific Tbk. [S]
Industry Sector : Basic Industry And Chemicals (3) Listed Shares : 13,959,785,568
Industry Sub Sector : Chemicals (34) Market Capitalization : 23,243,042,970,720
47 | 23.2T | 0.36% | 73.56%
34 | 12.0T | 0.64% | 65.76%

Established Date : 04-Apr-1979 1. Prajogo Pangestu 4,164,404,530 : 59.00%
Listing Date : 01-Oct-1993 2. Prajogo Pangestu 549,713,623 : 7.00%
PT Makindo
PT Sirca Datapro Perdana Bonus Cash Recording Payment
F/I
Jln. Johar No. 18 Year Shares Dividend Cum Date Ex Date Date Date
Menteng, Jakarta 10340 1993 133.00 26-Jul-94 27-Jul-94 03-Aug-94 03-Sep-94 F
Phone : (021) 314-0032, 390-5920, 390-0645 1994 1:1 12-Sep-94 13-Sep-94 20-Sep-94 20-Oct-94 B
Fax : (021) 314-0185, 390-0652, 390-0671 1994 50.00 26-Jul-95 27-Jul-95 04-Aug-95 01-Sep-95 F
1995 50.00 18-Jul-96 19-Jul-96 29-Jul-96 27-Aug-96 F
BOARD OF COMMISSIONERS 1996 55.00 23-Jul-97 24-Jul-97 01-Aug-97 01-Sep-97 F
1. Prajogo Pangestu
2. Alimin Hamdy *) ISSUED HISTORY
3. Harlina Tjandinegara Listing Trading
*) Independent Commissioners No. Type of Listing Shares Date Date
BOARD OF DIRECTORS 2. Company Listing 610,150,000 01-Oct-93 31-May-94
1. Agus Salim Pangestu 3. Koperasi 4,850,000 01-Oct-93 31-May-00
2. Henky Susanto 4. Bonus Shares 700,000,000 21-Oct-94 21-Oct-94
3. Rudy Suparman 5. Additional Listing without RI 1,369,425,752 27-Dec-02 27-Dec-02
4. Salwati Agustina 6. Partial delisting -155,913,126 14-Feb-03 14-Feb-03
7. Additional Listing without RI 3,947,168 28-Aug-03 28-Aug-03
AUDIT COMMITTEE 8. Right Issue 4,362,432,990 02-Jan-08 02-Jan-08
1. Alimin Hamdy 9. Stock Split 6,979,892,784 12-Jul-17 12-Jul-17
2. Dikdik Sugiharto
3. Kurniadi
CORPORATE SECRETARY
Salwati Agustina
HEAD OFFICE
Wisma Barito Pacific Tower B, 9th Fl.
Jln. Letjen S. Parman Kav. 62-63
Jakarta 11410
Phone : (021) 530-6711
Fax : (021) 530-6680
Homepage : www.barito.co.id
Email : corpsec@barito.co.id

BRPT BaritoPacificTbk.[S]
TRADING ACTIVITIES
Barito Pacific Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,000 640 Jan-13 435 390 400 3,102 32,239 14,229 21
Feb-13 415 390 395 1,445 19,657 7,851 20
1,750 560 Mar-13 450 400 435 12,818 112,164 48,546 19
Apr-13 440 400 405 1,203 26,479 10,821 22
May-13 440 375 385 2,278 29,763 12,496 22
1,500 480
Jun-13 405 370 390 1,509 30,307 11,806 19
Jul-13 430 375 425 931 26,803 10,724 23
1,250 400
Aug-13 440 395 425 1,081 17,692 7,297 17
Sep-13 570 415 530 2,381 38,639 18,242 21
1,000 320
Oct-13 590 475 480 1,935 24,238 12,690 21
Nov-13 500 430 440 1,713 20,679 9,496 20
750 240 Dec-13 445 380 410 473 5,802 2,427 19
500 160 Jan-14 420 360 369 605 23,719 9,186 20

Feb-14 371 348 357 784 4,768 1,698 20
250 80 Mar-14 357 339 340 930 8,793 3,063 20
Apr-14 344 302 315 1,423 14,526 4,891 20
May-14 340 298 302 5,976 30,269 9,647 18
Jun-14 305 290 296 834 12,954 5,911 21
Jul-14 300 285 285 356 2,122 616 18
Aug-14 295 281 284 973 7,370 2,112 20
Sep-14 287 271 273 895 4,999 1,398 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 278 253 268 854 2,478 646 23
Basic Industry and Chemicals Index Nov-14 370 260 307 3,105 16,285 5,135 20
January 2013 - July 2017 Dec-14 320 290 303 1,783 7,463 2,265 20
770%
Jan-15 310 280 307 1,090 7,150 2,136 21
660% 674.4% Feb-15 310 288 295 490 3,508 1,044 19
Mar-15 295 271 280 669 5,301 2,581 22
550% Apr-15 290 256 267 309 2,789 1,906 21
May-15 290 249 277 1,126 8,269 2,197 17
440% Jun-15 280 240 242 417 6,392 1,599 21
Jul-15 244 222 222 185 3,036 701 18
Aug-15 232 160 163 713 6,099 1,176 20
330%
Sep-15 164 116 126 904 16,652 2,100 21
Oct-15 169 126 132 1,654 25,177 3,584 21
220%
Nov-15 143 120 127 605 22,075 2,948 21
Dec-15 135 118 130 485 130,494 15,771 19
110%
34.4% Jan-16 215 124 212 1,713 11,996 2,239 20

- 17.0%
Feb-16 395 212 394 3,979 28,581 8,692 20
Mar-16 610 390 470 4,450 30,584 15,708 14
-110% Apr-16 525 340 515 3,542 23,111 10,283 21
Jun-16 500 460 484 3,738 19,158 9,129 22
Jul-16 685 474 645 3,282 44,416 22,103 16
SHARES TRADED 2013 2014 2015 2016 Jul-17 Aug-16 1,090 610 1,075 16,201 220,091 206,996 21
Volume (Million Sh.) 384 136 237 2,714 4,427 Sep-16 1,125 780 975 32,057 406,011 382,508 21
Value (Billion Rp) 167 47 38 3,331 9,808 Oct-16 1,485 910 1,420 48,744 662,129 768,145 21
Days 244 242 241 238 135 Dec-16 1,590 1,290 1,465 43,554 497,894 732,883 20
Price (Rupiah) Jan-17 1,820 1,470 1,805 55,908 566,611 959,501 21

High 590 420 310 1,745 3,730 Feb-17 2,560 1,770 2,220 78,258 685,154 1,512,444 19
Low 370 253 116 124 1,450 Mar-17 3,090 2,210 2,900 70,853 705,534 1,859,438 22
Close 410 303 130 1,465 1,665 Apr-17 3,730 2,900 3,150 51,958 490,588 1,640,537 17
Close* 205 152 65 733 1,665 May-17 3,520 2,940 3,230 46,329 1,073,704 1,737,927 20
Jun-17 3,340 2,750 2,930 26,743 317,340 1,004,417 15
PER (X) -9.02 -15.88 -12.28 6.05 9.07 Jul-17 3,030 1,450 1,665 41,005 588,352 1,093,868 21
PER Industry (X) 6.83 16.60 4.10 20.86 9.66
PBV (X) 0.22 0.16 0.06 0.57 1.14

BRPT Barito Pacific Tbk. [S]
Receivables 2,332,552 1,393,715 879,493 1,993,661 2,909,826

3,629,380 2,769,336 2,687,097 2,719,205 2,759,085 31,000
Inventories
Current Assets 10,477,230 8,637,399 6,573,181 9,791,794 11,682,157
23,250
Fixed Assets 15,800,791 17,879,722 23,265,291 9,791,794 21,112,986
Other Assets 99,939 74,355 50 43,640 390,745
15,500
Total Assets 18,002,299 28,918,911 33,023,452 34,538,447 38,681,333
Growth (%) 60.64% 14.19% 4.59% 11.99% 7,750

Growth (%) 2.04% -1.93% -2.69% 19.12%
Paid up Capital 6,979,893 6,979,893 6,980 6,979,893 6,979,893 20,721
19,460
17,528
Paid up Capital (Shares) 6,980 6,980 7 6,980 6,980
Par Value 1,000 1,000 1,000 1,000 1,000
16,494
12,996 13,119
Retained Earnings -1,312,117 -1,438,111 -1,804,936 114,999 766,064
12,995,893 13,118,774 17,528,438 19,460,272 20,720,869
12,267
Total Equity
Growth (%) 0.95% 33.61% 11.02% 6.48% 8,040
Total Revenues 30,908,081 30,802,567 20,609,779 26,352,121 8,558,876

Growth (%) -0.34% -33.09% 27.86%
-414
2013 2014 2015 2016 Mar-17
Cost of Revenues 29,833,008 29,435,278 18,570,800 19,802,662 6,212,808

Gross Profit 1,075,073 1,367,288 2,038,979 6,549,459 2,346,068
Expenses (Income) 1,251,638 1,297,485 1,529,839 1,443,201 502,188
Operating Profit - 69,803 509,140 - - 30,908 30,803
Growth (%) 629.39% -100.00%

30,908
26,352
20,610
24,603

Income before Tax -176,565 69,803 509,140 5,106,258 1,843,879 18,298
Tax 77,878 87,214 434,653 1,346,919 477,198

Profit for the period -254,443 -17,410 74,487 3,759,339 1,366,681 11,992
8,559
Growth (%) 93.16% N/A 4,946.98%
5,687
Period Attributable -317,388 108,243 78,488 1,769,575 652,050 -618
Comprehensive Income -449,045 -29,349 2,697 3,709,881 1,427,159 2013 2014 2015 2016 Mar-17
Comprehensive Attributable -488,898 119,622 145,515 1,730,597 711,701
Current Ratio (%) 134.92 140.40 110.58 133.83 121.75
3,759
Dividend (Rp) - - - - -
EPS (Rp) -45.47 15.51 11,245.08 253.52 93.42
BV (Rp) 1,861.90 1,879.51 2,511,315.28 2,788.05 2,968.65 2,957
DAR (X) 0.86 0.55 0.47 0.44 0.46

DER(X) 1.19 1.20 0.88 0.77 0.87
2,154
1,367
ROA (%) -1.41 -0.06 0.23 10.88 3.53 1,351
ROE (%) -1.96 -0.13 0.42 19.32 6.60

GPM (%) 3.48 4.44 9.89 24.85 27.41
2013 2014 74
548
OPM (%) - 0.23 2.47 - -

NPM (%) -0.82 -0.06 0.36 14.27 15.97 2015 2016 Mar-17
-254
-17
-254
Payout Ratio (%) - - - - -
Yield (%) - - - - -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
BSDE
BUMI SERPONG DAMAI TBK.
Company Profile

PT Bumi Serpong Damai Tbk. was established in 1984 and started its commercial
operations in 1989. The Companys pupose and objective is to engage in real estate
developmentactivities.Thecompanyhasbeendevelopinganewcity,whichisaplanned
andintegratedresidentialarea,withamenities/infrastructure,environmentalfacilitiesand
parks,caledtheBSDCity.

Nowadays,theCompanyhasbecomealeadingpropertydeveloperinIndonesiawiththe
mainpropertyprojectssituatedinSerpong(BSDCity),anddiversifyingtoJakarta,Bekasi,
Cibubur, Surabaya, Medan and Balikpapan, also expanding to Samarinda, Manado and
Palembang.

Since2008,theCompanyhasbecomeapubliccompanythatlistedintheIndonesiaStock
Exchange. In end of 2010, the Company has done the acquisition process on affiliated
companies in PT Duta Pertiwi Tbk., PT Sinar Mas Teladan and PT Sinar Mas Wisesa. The
acquisition is expected to increase Companys performance particularly due to higher
revenue portfolio and business diversification. The Company and its subsidiaries are
incorporated and conduct their operations in Indonesia. The Group operates under the
groupofPTParagaArtamida.

As of June 30th, 2017, the Company has a total number of 2,219 employees. The total
numberofemployeesoftheGroupis4,153.
August 2017
Disclaimer:

BSDE Bumi Serpong Damai Tbk. [S]
Industry Sub Sector : Property And Real Estate (61) Market Capitalization : 34,451,586,183,680
30 | 34.5T | 0.54% | 65.83%
33 | 12.4T | 0.66% | 65.12%

Established Date : 16-Jan-1984 1. PT Paraga Arta Mida 5,113,851,730 : 26.57%
Listing Date : 06-Jun-2008 2. PT Ekacentra Usahamaju 4,813,031,900 : 25.01%
PT CLSA Indonesia
PT Nusadana Capital Indonesia DIVIDEND ANNOUNCEMENT
PT Sinarmas Sekuritas Bonus Cash Recording Payment
F/I
PT Sinartama Gunita 2008 4.00 01-Jul-09 02-Jul-09 06-Jul-09 22-Jul-09 F
Sinar Mas Land Plaza Menara I, 9th Fl. 2009 6.00 01-Jul-10 02-Jul-10 06-Jul-10 20-Jul-10 F
Jln. M.H. Thamrin No. 51, Jakarta 10350 2010 6.00 05-Jul-11 06-Jul-11 08-Jul-11 22-Jul-11 F
2014 15.00 13-May-15 15-May-15 19-May-15 05-Jun-15 F
BOARD OF COMMISSIONERS 2015 5.00 26-May-16 27-May-16 31-May-16 15-Jun-16 F
1. Muktar Widjaja 2016 5.00 09-Jun-17 12-Jun-17 14-Jun-17 06-Jul-17 F
2. Susiyati Bambang Hirawan *)
3. Teddy Pawitra *) ISSUED HISTORY
4. Teky Mailoa Listing Trading
5. Yoseph Fransciscus Bonang No. Type of Listing Shares Date Date
*) Independent Commissioners 1. First Issue 1,093,562,000 06-Jun-08 06-Jun-08
2. Company Listing 9,842,060,870 06-Jun-08 01-Feb-09
BOARD OF DIRECTORS 3. Right Issue I 6,561,373,722 21-Dec-10 21-Dec-10
1. Franciscus Xaverius Ridwan Darmali 4. Add. Listing without Right Issue 874,849,800 16-May-14 16-May-14
2. Hermawan Wijaya 5. Add. Listing without Right Issue 874,849,800 14-Apr-15 14-Apr-15
3. Liauw Herry Hendarta
4. Lie Jani Harjanto
5. Michael J.P. Widjaja
6. Monik William
7. Petrus Kusuma
8. Syukur Lawigena
AUDIT COMMITTEE
1. Susiyati Bambang Hirawan
2. Herawan Hadidjaja
3. Rusli Prakarsa
CORPORATE SECRETARY
Christy Grassela
HEAD OFFICE
Sinar Mas Land Plaza
Grand Boulevard, BSD Green Office Park
Tangerang 15345
Phone : (021) 503-68368
Fax : (021) 5058-8270
Homepage : www.bsdcity.com
Email : christy.grassela@sinarmasland.com

TRADING ACTIVITIES
Bumi Serpong Damai Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,400 560 Jan-13 1,450 1,090 1,400 26,871 1,122,431 1,405,038 21
Feb-13 1,600 1,320 1,600 18,943 766,112 1,103,713 20
2,100 490 Mar-13 1,790 1,530 1,750 23,894 948,716 1,580,124 19
Apr-13 1,760 1,590 1,730 26,272 941,130 1,588,336 22
May-13 2,200 1,730 2,200 59,301 1,979,407 3,721,967 22
1,800 420
Jun-13 2,125 1,660 1,800 64,726 1,530,160 2,863,844 19
Jul-13 1,850 1,370 1,580 50,647 1,333,112 2,061,537 23
1,500 350
Aug-13 1,670 1,180 1,310 29,602 615,728 878,562 17
Sep-13 1,850 1,200 1,440 36,856 637,213 913,406 21
1,200 280
Oct-13 1,650 1,390 1,570 27,378 544,059 848,331 21
Nov-13 1,580 1,330 1,350 19,446 284,234 407,498 20
900 210 Dec-13 1,480 1,220 1,290 19,589 325,381 444,297 19
600 140 Jan-14 1,600 1,200 1,440 37,323 489,096 698,307 20

Feb-14 1,600 1,405 1,535 33,288 536,893 824,896 20
300 70 Mar-14 1,750 1,490 1,635 49,830 1,086,155 1,786,918 20
Apr-14 1,705 1,455 1,560 41,654 642,305 1,023,903 20
May-14 1,620 1,510 1,610 25,751 310,042 488,501 18
Jun-14 1,610 1,425 1,485 29,429 250,899 386,497 21
Jul-14 1,685 1,470 1,585 41,820 581,695 937,267 18
Aug-14 1,655 1,525 1,605 35,408 402,011 642,263 20
Sep-14 1,660 1,510 1,545 38,489 410,647 651,533 22
Property, Real Estate and Bulding Construction Index Nov-14 1,790 1,510 1,770 25,353 415,384 676,549 20
January 2013 - July 2017 Dec-14 1,895 1,620 1,805 38,562 571,770 1,026,692 20
140%
Jan-15 2,185 1,790 2,020 54,447 1,380,570 2,725,175 21
120% Feb-15 2,230 1,990 2,220 53,279 819,829 1,719,779 19
Mar-15 2,220 1,995 2,135 62,387 862,616 1,783,198 22
100% Apr-15 2,210 1,800 1,865 47,444 642,577 1,310,178 21
May-15 1,995 1,780 1,905 46,933 599,520 1,140,180 19
80% Jun-15 1,925 1,605 1,670 49,946 418,594 739,731 21
Jul-15 1,885 1,660 1,790 40,599 339,339 597,979 19
Aug-15 1,845 1,285 1,605 50,155 345,195 555,520 20
60% 61.3%
Sep-15 1,605 1,235 1,405 52,164 309,768 451,821 21
51.7%
Oct-15 1,795 1,380 1,620 48,845 539,657 893,122 21
40%
34.4% Nov-15 1,750 1,565 1,685 39,619 389,705 657,357 21
Dec-15 1,835 1,580 1,800 38,504 372,398 645,560 19
20%
Jan-16 1,850 1,650 1,730 40,294 505,407 890,031 20

- Feb-16 1,825 1,630 1,685 48,500 621,828 1,080,765 20
Mar-16 1,940 1,675 1,835 55,999 1,460,762 2,583,391 21
-20% Apr-16 2,005 1,795 1,850 46,125 1,220,928 2,300,898 21
Jun-16 2,210 1,815 2,110 58,891 1,084,821 2,158,806 22
Jul-16 2,170 2,000 2,090 51,646 598,437 1,220,871 16
Days 244 242 244 246 135 Dec-16 1,890 1,550 1,755 50,767 451,173 783,762 20
Price (Rupiah) Jan-17 1,900 1,705 1,830 50,289 616,470 1,115,405 21

High 2,200 1,895 2,230 2,380 1,920 Feb-17 1,920 1,800 1,830 34,977 396,792 746,056 19
Low 1,090 1,200 1,235 1,550 1,655 Mar-17 1,885 1,700 1,885 40,260 693,197 1,270,594 22
Close 1,290 1,805 1,800 1,755 1,790 Apr-17 1,900 1,750 1,790 39,696 376,386 679,573 17
Close* 1,290 1,805 1,800 1,755 1,790 May-17 1,865 1,655 1,810 52,522 508,844 908,721 20
Jun-17 1,840 1,755 1,830 36,210 238,327 428,062 15
PER (X) 8.39 7.76 16.19 21.87 11.49 Jul-17 1,900 1,720 1,790 41,729 420,300 752,575 21
PER Industry (X) 9.57 16.29 13.36 24.89 14.46
PBV (X) 1.68 1.89 1.57 1.44 1.35

Public Accountant : Mirawati Sensi Idris (Member of Moore Stephens International Limited)
Receivables 110,327 138,627 165,542 516,499 731,879

34,000
Inventories 3,796,776 5,239,017 6,547,652 7,440,632 7,923,495

25,500
Investment 1,652,477 5,735,418 6,332,810 846,643 7,222,359
Fixed Assets 437,868 607,790 803,253 823,401 791,293
17,000
Other Assets 415 415 415 415 1,574
Total Assets 22,572,159 28,134,725 36,022,148 38,292,206 42,119,352
8,500
Growth (%) 24.64% 28.03% 6.30% 9.99%
-
Trade Payable 95,715 158,055 316,601 261,224 394,904 2013 2014 2015 2016 Jun-17
Growth (%) 5.51% 44.14% 0.10% 13.35%
24,353
22,097
Paid up Capital 1,749,700 1,837,185 1,924,670 1,924,670 1,924,670
20,949
18,473
Par Value 100 100 100 100 100

13,415
5,368,885 8,913,859 10,727,657 12,412,443 14,324,112
15,581
Retained Earnings
Total Equity 13,415,298 18,473,430 22,096,690 24,352,907 26,318,467 10,212
Growth (%) 37.70% 19.61% 10.21% 8.07%

4,843

Total Revenues 5,741,264 5,571,872 6,209,574 6,521,770 4,213,387
-526
2013 2014 2015 2016 Jun-17

Growth (%) -2.95% 11.45% 5.03%
Cost of Revenues 1,575,447 1,440,361 1,571,559 1,840,304 1,120,352

Gross Profit 4,165,817 4,131,511 4,638,016 4,681,466 3,093,035
Operating Expenses 1,256,190 1,499,935 2,090,606 2,205,389 1,143,262 6,522
6,210
Operating Profit 2,909,627 2,631,576 2,547,410 2,476,077 1,949,773 5,741
6,522
5,572
Growth (%) -9.56% -3.20% -2.80% 5,191
4,213
Other Income (Expenses) 322,189 8,170 -232,949 -651,912 -73,706 3,861
Income before Tax 3,278,954 4,306,326 2,362,082 2,065,443 2,136,342

Tax 373,306 309,862 10,702 27,905 9,483 2,530
Profit for the period 2,905,649 3,996,464 2,351,380 2,037,538 2,126,860

Growth (%) 37.54% -41.16% -13.35%
1,200
-130
Period Attributable 2,691,396 3,820,552 2,139,497 1,796,156 2,010,104 2013 2014 2015 2016 Jun-17
Comprehensive Income 2,909,347 3,994,332 2,346,110 2,018,142 2,127,321
Dividend (Rp) 15.00 15.00 5.00 5.00 - 3,996
EPS (Rp) 166.07 217.53 122.17 105.86 110.51

2,906
BV (Rp) 766.72 1,005.53 1,148.08 1,265.30 1,367.43 3,181
DAR (X) 0.41 0.34 0.39 0.36 0.38 2,351

2,038 2,127
DER(X) 0.68 0.52 0.63 0.57 0.60
2,366
ROA (%) 12.87 14.20 6.53 5.32 5.05 1,551
ROE (%) 21.66 21.63 10.64 8.37 8.08

GPM (%) 72.56 74.15 74.69 71.78 73.41 735
OPM (%) 50.68 47.23 41.02 37.97 46.28

NPM (%) 50.61 71.73 37.87 31.24 50.48
-80
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 9.03 6.90 4.09 4.72 -
Yield (%) 0.82 0.82 0.27 0.27 -

COMPANY REPORT
BUMI
BUMI RESOURCES TBK.
Company Profile
PTBumiResourcesTbk.wasestablishedonJune26th,1973.TheCompanycommencedits
commercialoperationonDecember17th,1979.

its scope of activities comprises exploration and exploitation of coal deposits (including
coal mining and selling) and exploration of oil. Currently, the Company is a holding
companyofsubsidiariesengagedinminingactivities.

The Company has direct and indirect share ownerships in the Subsidiaries, jointly
controlledentitiesandassociates.TheCompanysparententityisLongHaulHoldingsLtd,
whichistheCompanysmajorShareholders.TheUltimateParentoftheCompanyisBakrie
Group.

ExplorationandExploitationArea/DevelopmentatSenakin,Sangatta,Dairi,MuaraEnim,
Loa Ulung, Tombolilato, Molotabu, Poboya, Mauritania, Mafa Cost, Satui, Mulla/Asam
Asam,Batulicin,PulauLaut,Sarongga.

AsofJune30th,2017,theGrouphad242employees.
August 2017
Disclaimer:

BUMI Bumi Resources Tbk.
Development Board Individual Index : 19.849
50 | 22.4T | 0.35% | 74.61%
7 | 50.1T | 2.67% | 38.38%

Established Date : 26-Jun-1973 1. Credit Suisse AG SG Branch S/A Csagsing-Lhhl(Lhhl-130M)-2023334064 8,477,485,702 : 23.15%
Listing Date : 30-Jul-1990 2. PT Damar Reka Energi 2,300,000,000 : 6.28%
PT Ficorinvest
PT Pentasena Arthasentosa DIVIDEND ANNOUNCEMENT
PT Bank Pembangunan Indonesia Bonus Cash Recording Payment
F/I
PT Sinar Mas Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1991 50.00 26-May-92 27-May-92 04-Jun-92 06-Jul-92 F
PT Ficomindo Buana Registrar 1992 50.00 12-Mar-93 15-Mar-93 29-Mar-93 29-Apr-93 F
Mayapada Tower 10th Fl. Suite 02 B, Jln. Jend. Sudirman Kav. 28, 1993 50.00 29-Apr-94 02-May-94 09-May-94 09-Jun-94 F
Karet - Setiabudi, Jakarta 12920 1997 5:6 10-Sep-97 11-Sep-97 19-Sep-97 29-Sep-97 B
Phone : (021) 521-2316, 2317 1999 1.00 22-Jun-00 23-Jun-00 03-Jul-00 17-Jul-00 F
Fax : (021) 521-2320 2002 2.50 13-Aug-03 14-Aug-03 19-Aug-03 02-Sep-03 F
2005 5.00 09-Aug-05 10-Aug-05 12-Aug-05 18-Aug-05 I
1. Eddie Junianto Subari 2006 16.00 13-Jun-07 14-Jun-07 18-Jun-07 21-Jun-07 F
2. Anton Setianto Soedarsono *) 2007 33.00 22-Jun-07 25-Jun-07 27-Jun-07 02-Jul-07 I
3. Benjamin Bao 2007 33.00 28-Aug-07 29-Aug-07 31-Aug-07 05-Sep-07 I
4. Jinping Ma 2007 11.00 28-Jul-08 29-Jul-08 01-Aug-08 07-Aug-08 F
5. Kanaka Puradiredja *) 2008 50.60 29-Jul-09 30-Jul-09 03-Aug-09 18-Aug-09 F
6. Nalinkant A. Rathod 2009 27.68 28-Jul-10 29-Jul-10 02-Aug-10 16-Aug-10 F
7. Thomas M. Kearney 2010 41.78 27-Jul-11 28-Jul-11 01-Aug-11 15-Aug-11 F
8. Y. A. Didik Cahyanto *) 2011 14.31 19-Jun-12 20-Jun-12 22-Jun-12 06-Jul-12 F
ISSUED HISTORY
1. Saptari Hoedaja No. Type of Listing Shares Date Date
2. Andrew C. Beckham 1. First Issue 10,000,000 30-Jul-90 30-Jul-90
3. Dileep Srivastava 2. Partial Listing 25,000,000 18-Mar-91 25-Mar-91
4. Haiyong Yu 3. Right Issue 10,000,000 30-Jun-93 30-Jun-93
5. R.A. Sri Dharmayanti 4. Stock Split 45,000,000 29-Sep-97 29-Sep-97
6. Wayne Yao 5. Bonus Shares 108,000,000 30-Sep-97 30-Sep-97
7. Xuefeng Ruan 6. Right Issue 594,000,000 24-Nov-97 24-Nov-97
7. Right Issue 18,612,000,000 26-May-00 26-May-00
AUDIT COMMITTEE 8. Additional Listing without RI 1,369,400,000 06-Oct-10 06-Oct-10
1. Iman Taufik 9. Right Issue IV 15,853,620,427 07-Oct-14 07-Oct-14
2. Mulyadi 10. Right Issue V 28,749,536,197 28-Jul-17 28-Jul-17
3. Myrnie Zachraini Tamin
CORPORATE SECRETARY
Dileep Srivastava
HEAD OFFICE
Bakrie Tower 12th Fl., Kompleks Rasuna Epicentrum
Jln. H.R Rasuna Said
Jakarta 12960
Phone : (021) 5794-2080
Fax : (021) 5794-2070
Homepage : www.bumiresources.com
Email : dileep@bumiresources.com

TRADING ACTIVITIES
Bumi Resources Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
1,200 4,000 Jan-13 690 580 680 25,957 966,108 630,675 21
Feb-13 1,040 640 820 96,495 4,744,248 4,125,438 20
1,050 3,500 Mar-13 850 680 690 41,629 2,279,196 1,747,600 19
Apr-13 790 650 670 42,449 1,676,796 1,200,956 22
May-13 790 620 660 32,090 1,550,772 1,085,006 22
900 3,000
Jun-13 660 490 550 33,065 1,003,108 563,368 19
Jul-13 550 455 510 26,637 957,298 484,931 23
750 2,500
Aug-13 530 390 410 21,195 733,738 316,508 17
Sep-13 550 395 455 42,079 1,786,082 826,654 21
600 2,000
Oct-13 520 445 455 24,323 721,194 339,778 17
Nov-13 460 285 290 47,037 2,731,643 1,006,794 20
450 1,500 Dec-13 375 270 300 42,428 2,490,053 808,137 19
300 1,000 Jan-14 353 288 307 36,714 1,182,499 397,806 20

Feb-14 337 294 325 38,773 1,154,888 368,927 20
150 500 Mar-14 331 267 269 74,907 2,346,636 712,888 20
Apr-14 273 187 204 71,568 2,665,199 606,945 20
May-14 235 188 200 42,093 1,874,461 400,934 18
Jun-14 209 126 170 56,155 2,374,478 397,867 20
Jul-14 194 150 189 43,629 2,063,432 353,101 18
Aug-14 207 176 195 44,577 1,922,859 372,638 20
Sep-14 204 183 190 40,900 6,525,767 1,102,351 18
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 183 118 138 46,636 3,056,216 445,700 19
Mining Index Nov-14 139 87 87 36,577 3,407,543 323,867 20
January 2013 - July 2017 Dec-14 92 52 80 78,720 5,900,373 477,002 20
100%
Jan-15 117 75 101 69,769 8,534,279 851,436 21
75% Feb-15 106 84 90 23,003 2,003,013 199,450 19
Mar-15 100 78 78 24,252 1,450,140 132,879 22
50% Apr-15 89 67 72 22,653 1,866,963 159,187 21
May-15 111 70 78 52,169 4,965,885 466,511 19
34.4%
25% Jun-15 82 60 60 28,661 1,741,761 116,736 21
Jul-15 64 50 50 30,184 2,286,012 128,611 19
Aug-15 50 50 50 986 329,605 15,324 20
-
Sep-15 50 50 50 466 305,495 16,211 21
Oct-15 88 50 50 51,568 5,884,716 361,280 21
-25% -24.7%
Nov-15 51 50 50 3,025 403,793 39,777 21
Dec-15 50 50 50 615 719,569 62,793 19
-44.8%
-50%
Jan-16 50 50 50 364 447,139 22,786 20

-75% Feb-16 50 50 50 424 66,995 2,693 20
Mar-16 50 50 50 1,599 187,916 12,456 21
-100% Apr-16 50 50 50 773 218,326 9,405 21
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 50 50 50 898 516,930 78,165 20
Jun-16 90 50 68 109,103 15,255,825 1,119,412 22
Jul-16 - - 68 110 76,095 4,860 16
SHARES TRADED 2013 2014 2015 2016 Jul-17 Aug-16 - - 68 129 371,449 37,705 22
Volume (Million Sh.) 21,640 34,474 30,491 84,904 96,496 Sep-16 - - 68 116 74,384 17,430 20
Frequency (Thou. X) 475 611 307 779 1,272 Nov-16 322 206 290 342,556 33,234,728 9,104,141 22
Days 240 233 244 245 135 Dec-16 310 240 278 83,278 7,461,137 2,106,492 20
Price (Rupiah) Jan-17 520 264 498 223,683 21,967,073 8,837,507 21

High 1,040 353 117 322 520 Feb-17 505 262 318 291,886 20,350,435 8,033,082 19
Low 270 52 50 50 262 Mar-17 376 278 332 159,076 10,041,434 3,310,325 22
Close 300 80 50 278 342 Apr-17 460 326 448 202,923 15,359,302 6,383,776 17
Close* 300 80 50 278 342 May-17 462 300 384 187,875 15,918,995 6,059,813 20
Jun-17 390 322 340 96,300 6,667,642 2,321,874 15
PER (X) -0.83 13.52 -0.15 6.59 4.99 Jul-17 394 320 342 110,588 6,191,370 2,149,825 21
PER Industry (X) 20.76 3.23 0.60 -4.41 6.07
PBV (X) -1.68 -0.75 -0.09 0.44 -0.65

Public Accountant : Amir Abadi Jusuf, Aryanto, Mawar & Rekan (Member of RSM International)
Cash & Cash Equivalents 1,444,413 849,926 117,078 377,512 199,485 100,000
Receivables 5,964,985 16,644,955 7,122,668 6,880,137 6,821,117

188 1,485,673 - - - 80,000
Inventories
Current Assets 23,855,785 29,185,945 7,475,826 7,109,622 15,540,305
60,000
Fixed Assets 20,916,494 8,504,530 3,121,100 3,013,256 141,705
Other Assets 2,752,632 2,721,893 2,583,690 3,686,679 3,682,657
40,000
Total Assets 85,937,953 80,840,578 46,820,647 41,681,075 41,663,691
Growth (%) -5.93% -42.08% -10.98% -0.04% 20,000

Growth (%) 0.34% -3.41% -8.97% -6.80%
Paid up Capital 10,386,700 11,972,062 11,972,062 3,662,702 21,505,527 2013 2014 2015 2016 Jun-17
Par Value 500 500 & 100 500 & 100 100 USD0,07
-4,808
-3,717
Retained Earnings -12,786,005 -17,784,007 -46,308,317 -44,196,947 -41,651,021
-9,116
-3,717,313 -9,116,102 -40,070,352 -37,416,234 -32,058,643
-13,624
Total Equity
Growth (%) -145.23% -339.56% 6.62% 14.32% -22,439
INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 -31,255
Total Revenues 43,526,898 34,647,530 558,747 314,032 207,776 -32,059

Growth (%) -20.40% -98.39% -43.80%
-40,070
-37,416
-40,070
Cost of Revenues 35,107,173 28,585,486 - - -

Gross Profit 8,419,725 6,062,044 558,747 314,032 207,776
Expenses (Income) 5,597,047 5,279,118 688,063 386,396 235,130
Operating Profit 2,822,678 782,927 -129,316 -72,364 -27,354 43,527
Growth (%) -72.26% N/A 44.04%

43,527
34,648
34,647
Other Income (Expenses) -11,966,760 -4,638,316 -28,018,232 -53,719 2,006,769

Income before Tax -9,144,081 -3,855,389 -28,147,548 -126,084 1,979,415 25,768
Tax -1,044,612 1,938,601 1,998,969 -1,741,840 -37

Profit for the period -8,099,470 -5,793,990 -30,146,518 1,615,756 1,979,452 16,888
Growth (%) 28.46% -420.31% N/A

8,009
559 314 208

Period Attributable -7,472,601 -4,825,021 -26,559,108 909,515 2,161,061 -871
Comprehensive Income -8,528,990 -5,818,714 -30,159,020 1,582,118 1,939,114 2013 2014 2015 2016 Jun-17
Comprehensive Attributable -7,896,488 -4,846,480 -26,567,058 876,190 2,120,724
Current Ratio (%) 41.19 34.52 9.90 69.24 253.05
1,616 1,979
Dividend (Rp) - - - - - 1,979
2013 2014 2015
EPS (Rp) -359.72 -131.73 -725.12 24.83 59.00
2016 Jun-17
BV (Rp) -178.95 -248.89 -1,094.01 -1,021.55 -875.27 -4,446
DAR (X) 1.04 1.11 1.86 1.90 1.77 -5,794

-8,099
DER(X) -24.12 -9.87 -2.17 -2.11 -2.30
-10,871
ROA (%) -9.42 -7.17 -64.39 3.88 4.75 -17,296
ROE (%) 217.89 63.56 75.23 -4.32 -6.17

GPM (%) 19.34 17.50 100.00 100.00 100.00 -23,721
OPM (%) 6.48 2.26 -23.14 -23.04 -13.16

NPM (%) -18.61 -16.72 -5,395.38 514.52 952.68
-30,147
-30,147
Yield (%) - - - - -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
EXCL
XL AXIATA TBK.
Company Profile
Initially starting business as a trading and general services company established on 6

October 1989 under the name of PT Grahametropolitan Lestari. In 1996, XL entered the
telecommunications field after obtaining a GSM 900 operating license and officially
launching its GSM services, becoming the first private company in Indonesia to provide
cellularmobiletelephonyservices.

Later on, following a cooperation agreement with the Rajawali Group and three foreign
investors(NYNEX,AIFandMitsui),theCompanysnamewaschangedtoPTExcelcomindo
Pratama. In September 2005, XL launched an Initial Public Offering (IPO) and listed its
sharesontheJakartaStockExchangenowknownastheIndonesiaStockExchange(IDX).At
thattime,XLwasasubsidiaryofIndocelHoldingSdn.Bhd.,whichisnowknownasAxiata
Investment (Indonesia) Sdn. Bhd., which all shares owned by TM International Sdn.Bhd.,
(TMI) through TM International (L) Limited. In 2009, TMI changed its name to Axiata
GroupBerhad(Axiata)whichlaterinthesameyearPTExcelcomindoPratamaTbk.also
changeditsnametoPTXLAxiataTbk.forsynergypurpose.

AsaleadingmarketplayerinIndonesia,XLprovidesservicesforretailcustomersandoffers
business solutions to corporate customers with wide network and service coverage
throughoutIndonesia.TheservicesincludeData,Voice,SMSandothervalueaddeddigital
services. XL operates its network on GSM 900/DCS 1800 and IMT2000/3G technologies.
XL also holds a Content Provider License, Internet Services Provider (ISP), Internet
Interconnection Services License, Voice Over Internet Protocol License, Leased Line
License, Money Remittance as well as EMoney Issuer License from the Central Bank of
Indonesia,whichenablesXLtoprovideremittanceservicetoitssubscribers.

Currently,themajorityofEXCLssharesareownedbyAxiatathroughAxiataInvestments
(Indonesia)Sdn.Bhd.(66.4%)andtheremainingisheldbythepublic(33.6%).Thenumber
ofpermanentemployeesasatJune30th,2017are1,886employees.
August 2017
Disclaimer:

EXCL XL Axiata Tbk. [S]
Industry Sector : Infrastructure, Utilities And Transportation (7) Listed Shares : 10,687,960,423
Industry Sub Sector : Telecommunication (73) Market Capitalization : 35,911,547,021,280
27 | 35.9T | 0.56% | 64.20%
54 | 7.98T | 0.42% | 76.15%

Established Date : 06-Oct-1989 1. Axiata Investments (Indonesia) Sdn. Bhd. 7,092,656,612 : 66.36%
Listing Date : 29-Sep-2005 2. Public (<5%) 3,595,303,811 : 33.64%
Under Writer IPO :
PT CIMB Niaga Securities DIVIDEND ANNOUNCEMENT
PT GK Goh Indonesia Bonus Cash Recording Payment
F/I
PT Datindo Entrycom 2006 7.00 22-May-07 23-May-07 25-May-07 11-Jun-07 I
Wisma Sudirman - Puri Datindo 2007 20.00 28-Apr-08 29-Apr-08 02-May-08 16-May-08 F
Fax : (021) 570-9026 2012 135.00 02-May-13 03-May-13 07-May-13 22-May-13 F
2013 64.00 13-May-14 14-May-14 19-May-14 04-Jun-14 F
BOARD OF COMMISSIONERS
1. Muhamad Chatib Basri ISSUED HISTORY
2. Dato Mohamed Shazalli Ramly Listing Trading
3. David R. Dean *) No. Type of Listing Shares Date Date
4. Mohd Khairil Abdullah 1. First Issue 1,427,500,000 29-Sep-05 29-Sep-05
5. Peter J Chambers *) 2. Company Listing 5,662,500,000 29-Sep-05 29-Sep-05
6. Tan Sri Jamaludin Ibrahim 3. Right Issue 1,418,000,000 16-Dec-09 16-Dec-09
7. Vivek Sood 4. Additional Listing without RI 10,566,332 26-Apr-11 26-Apr-11
8. Yasmin S. Wirjawan *) 5. Long Term Incentive Program 7,710,279 16-Apr-12 16-Apr-12
*) Independent Commissioners 6. Long Term Incentive Program 8,214,056 12-Apr-13 12-Apr-13
7. Long Term Incentive Program 6,891,003 21-Apr-15 21-Apr-15
BOARD OF DIRECTORS 8. Long Term Incentive Program 8,986,668 04-Apr-16 04-Apr-16
1. Dian Siswarini 9. Right Issue II 103,889,680 25-May-16 25-May-16
2. Mohamed Adlan bin Ahmad Tajudin 10. Right Issue II 1,453,844,085 26-May-16 26-May-16
3. Williem Lucas Timmermans 11. Right Issue II 20,855,009 27-May-16 27-May-16
4. Yessie D. Yosetya 12. Right Issue II 167,112,008 01-Jun-16 01-Jun-16
AUDIT COMMITTEE
1. Yasmin S. Wirjawan
2. Haryanto Thamrin
3. Paul Capelle
CORPORATE SECRETARY
Murni Nurdini
HEAD OFFICE
Grha XL
Jln. DR. Ide Anak Agung Gde Agung Lot. E4 - 7 No. 1
Kawasan Mega Kuningan, Jakarta Selatan 12950
Phone : (021) 576-1881
Fax : (021) 576-1880
Homepage : www.xl.co.id
Email : murni@xl.co.id
DwiyaniA@xl.co.id

TRADING ACTIVITIES
XL Axiata Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
7,000 240 Jan-13 5,900 4,975 5,000 12,646 136,402 745,434 21
Feb-13 6,000 4,975 5,450 20,158 170,736 921,705 20
6,125 210 Mar-13 5,450 5,150 5,250 12,633 159,235 841,208 19
Apr-13 6,050 5,000 5,100 20,992 382,743 2,040,764 22
May-13 5,250 4,575 5,000 17,351 260,528 1,312,833 22
5,250 180
Jun-13 4,950 4,200 4,825 16,274 170,260 780,647 19
Jul-13 4,850 4,225 4,500 12,273 119,887 548,178 23
4,375 150
Aug-13 4,525 3,750 4,475 12,814 150,302 643,652 17
Sep-13 4,925 3,975 4,250 24,599 183,487 809,028 21
3,500 120
Oct-13 4,900 4,125 4,475 14,003 127,756 584,006 21
Nov-13 5,200 4,400 5,000 14,996 111,870 535,369 20
2,625 90 Dec-13 5,250 4,725 5,200 12,087 73,628 366,722 19
1,750 60 Jan-14 5,300 4,850 4,850 22,225 99,350 503,950 20

Feb-14 5,000 4,300 4,650 32,727 103,733 480,312 20
875 30 Mar-14 4,550 3,990 4,400 33,592 97,339 421,072 20
Apr-14 5,175 4,365 5,175 28,635 305,643 1,568,654 20
May-14 5,575 4,860 5,475 26,302 109,043 573,104 18
Jun-14 5,450 4,900 5,100 28,657 67,767 345,596 21
Jul-14 5,525 5,000 5,400 20,387 53,902 286,216 18
Aug-14 6,025 5,375 5,950 31,608 337,915 1,932,196 20
Sep-14 7,075 5,400 6,200 34,983 190,918 1,228,932 22
Infrastructure, Utilities and Transportation Index Nov-14 5,525 4,980 5,100 27,877 126,255 658,998 20
January 2013 - July 2017 Dec-14 5,150 4,580 4,865 37,529 141,702 691,756 20
45%
34.4% Jan-15 5,000 4,300 4,800 47,136 229,930 1,060,346 21

30% 33.8% Feb-15 5,225 4,610 4,795 32,949 121,070 593,061 19
Mar-15 4,800 4,175 4,350 49,816 230,600 1,018,405 22
15% Apr-15 4,450 3,905 4,035 37,660 195,169 838,312 21
May-15 4,350 3,800 4,290 29,621 100,898 407,344 19
- Jun-15 4,460 3,650 3,685 31,254 164,023 677,856 21
Jul-15 3,710 2,750 2,965 35,973 141,421 452,658 19
Aug-15 3,120 2,340 3,000 40,431 130,973 374,144 20
-15%
Sep-15 3,000 2,240 2,615 27,068 96,437 238,542 21
Oct-15 3,475 2,460 3,115 42,057 165,166 522,333 21
-30%
Nov-15 3,900 2,975 3,460 35,281 106,369 369,303 21
-40.2% Dec-15 4,005 3,500 3,650 43,055 153,235 576,473 19
-45%
Jan-16 3,860 3,290 3,675 47,353 114,613 409,075 20

-60% Feb-16 4,150 3,590 3,900 61,342 206,204 808,969 20
Mar-16 4,275 3,840 4,000 44,334 138,315 559,520 21
-75% Apr-16 4,010 3,440 3,520 40,185 78,577 298,065 21
Jun-16 3,920 3,400 3,670 49,695 256,584 944,220 22
Jul-16 3,950 3,540 3,710 48,090 253,208 948,865 16
Days 244 242 244 246 135 Dec-16 2,400 2,180 2,310 33,998 124,490 286,063 20
Price (Rupiah) Jan-17 2,980 2,250 2,910 36,546 206,007 557,924 21

High 6,050 7,075 5,225 4,275 3,500 Feb-17 3,250 2,780 2,990 39,289 221,355 670,805 19
Low 3,750 3,990 2,240 2,030 2,250 Mar-17 3,310 2,810 3,060 43,717 192,125 592,123 22
Close 5,200 4,865 3,650 2,310 3,360 Apr-17 3,270 2,900 3,210 31,037 97,559 298,121 17
Close* 5,129 4,799 3,600 2,310 3,360 May-17 3,240 2,950 2,960 35,951 172,270 524,656 20
Jun-17 3,500 2,970 3,410 41,683 151,385 497,833 15
PER (X) 42.97 -34.55 -1,230.41 115.94 189.62 Jul-17 3,410 3,110 3,360 37,373 148,190 484,910 21
PER Industry (X) 12.11 20.04 9.49 8.16 15.40
PBV (X) 2.90 2.97 2.21 1.18 1.66

Receivables 1,332,444 264,902 1,285,195 662,711 950,187

49,218 77,237 78,979 161,078 134,625 60,000
Inventories
Current Assets 5,844,114 13,309,762 10,151,586 6,806,863 6,883,989
45,000
Fixed Assets 30,928,452 35,859,030 33,426,750 33,182,920 33,511,904
Other Assets 468,199 412,648 415,666 353,402 270,154
30,000
Total Assets 40,277,626 63,706,488 58,844,320 54,896,286 54,751,337
Growth (%) 58.17% -7.63% -6.71% -0.26% 15,000

Growth (%) 99.16% -10.04% -24.73% -0.92%
21,209
Paid up Capital 853,449 853,449 854,138 1,068,796 1,068,796 21,373

100 100 100 100 100 15,300
Par Value
17,013
13,961 14,092
15,300,147 13,960,625 14,091,635 21,209,145 21,372,659
12,653
Total Equity
Growth (%) -8.75% 0.94% 50.51% 0.77% 8,293
Total Revenues 21,265,060 23,460,015 22,876,182 21,341,425 10,933,553

Growth (%) 10.32% -2.49% -6.71%
-427
2013 2014 2015 2016 Jun-17
Cost of Revenues - - - - -
Gross Profit - - 22,876,182 21,341,425 10,933,553
Expenses (Income) 19,606,772 23,031,603 19,736,905 19,654,551 10,159,850
Operating Profit 1,658,288 428,412 3,139,277 1,686,874 773,703 23,460 22,876
21,265 21,341
Growth (%) -74.17% 632.77% -46.27%
23,460
18,674
Other Income (Expenses) -268,621 -1,498,198 -3,769,803 -1,501,293 -748,037

Income before Tax 1,389,667 -1,069,786 -630,526 185,581 25,666
10,934
13,888
Tax 356,850 178,723 -605,188 -189,935 -117,449

Profit for the period 1,032,817 -891,063 -25,338 375,516 143,115 9,102
Growth (%) N/A 97.16% N/A

4,317
Period Attributable 1,032,817 -891,063 -25,338 375,516 143,115 -469
Comprehensive Income 1,055,965 -917,315 7,871 396,549 152,002 2013 2014 2015 2016 Jun-17
Comprehensive Attributable 1,055,965 -917,315 7,871 396,549 152,002
Current Ratio (%) 73.69 86.44 64.46 47.02 43.82
1,033
Dividend (Rp) 64.00 - - - - 1,033
EPS (Rp) 121.02 -104.41 -2.97 35.13 13.39

BV (Rp) 1,792.74 1,635.79 1,649.81 1,984.40 1,999.69 648
376
DAR (X) 0.62 0.78 0.76 0.61 0.61
143
DER(X) 1.63 3.56 3.18 1.59 1.56
263
2014 2015
ROA (%) 2.56 -1.40 -0.04 0.68 0.26
2013 2016 Jun-17
-122
-25
ROE (%) 6.75 -6.38 -0.18 1.77 0.67
GPM (%) - - 100.00 100.00 100.00 -506
OPM (%) 7.80 1.83 13.72 7.90 7.08

NPM (%) 4.86 -3.80 -0.11 1.76 1.31
-891
-891
Payout Ratio (%) 52.89 - - - -
Yield (%) 1.23 - - - -

COMPANY REPORT
GGRM
GUDANG GARAM TBK.
Company Profile
PT Gudang Garam Tbk. previously named as PT Perusahaan Rokok Tjap Gudang Garam
Kediri (PT Gudang Garam), was established on June 30th, 1971. The Company is a
continuation of a Proprietorship which was established in 1958. In 1969, the Company
changed its legal status to a Partnership and in 1971 it was further changed its existing
legalentityasaLimitedLiabilityCompany.Commercialoperationwascommencedin1958.
The Company is engaged in cigarette industry and other related cigarette industry
activities.PTSuryadutaInvestamaistheCompanysultimateparent.
The Companys Head Office is at Jln. Semampir II/1, Kediri, East Java, and its plants are
located in Kediri, Gempol, Karanganyar and Sumenep. The Company also has
representativeoffices,whichareJakartaRepresentativeOfficeatJln.JenderalA.Yani79,
JakartaandSurabayaRepresentativeOfficeatJln.Pengenal715,Surabaya,EastJava.
The Company is a leading Kretek cigarette manufacturer in Indonesia which produces

various high quality products, varied from Corn Husk Cigarette (SKL), Handmade Kretek
Cigarette(SKT)andMachinemadeKretekCigarette(SKM)thathasbeendistributedboth
nationwideandworldwide.
Measuredbytotalasset,productssalesgain,numberofemployees,taxandcustomsand
other contributions, PT Gudang Garam Tbk. has become a national cigarette company
whichgivessignificantcontributionforIndonesia.

The company has direct ownership in subsidiaries: PT Surya Pamenang, PT Surya
Madistrindo,PTSuryaAir,PTGrahaSuryaMedia,PTSuryaIntiTembakau,PTSuryaAbadi
Semesta,GalaxyPrimeLtd.,PTSuryaDhohoInvestama.
TheendofJune2017,theCompanyandsubsidiarieshad34,964employees.
August 2017
Disclaimer:

GGRM Gudang Garam Tbk.
Industry Sector : Consumer Goods Industry (5) Listed Shares : 1,924,088,000
Industry Sub Sector : Tobacco Manufacturers (52) Market Capitalization : 146,423,096,800,000
8 | 146.4T | 2.29% | 44.70%
22 | 17.4T | 0.93% | 56.81%

Established Date : 26-Jun-1958 1. Suryaduta Investama 1,333,146,800 : 69.29%
Listing Date : 27-Aug-1990 2. Suryamitra Kusuma 120,442,700 : 6.26%
Under Writer IPO : 3. Public (<5%) 470,498,500 : 24.45%
PT Danareksa
PT Multicorp DIVIDEND ANNOUNCEMENT
PT Merincorp Bonus Cash Recording Payment
F/I
PT Surya Securities Year Shares Dividend Cum Date Ex Date Date Date
PT Ficonensia 1991 150.00 12-Jul-91 15-Jul-91 20-Jul-91 09-Aug-91
Securities Administration Bureau : 1992 150.00 22-Jul-93 23-Jul-93 30-Jul-93 23-Aug-93 F
PT Raya Saham Registra 1993 155.00 06-Jul-94 07-Jul-94 14-Jul-94 13-Aug-94 F
Plaza Central Building 2nd Fl. 1994 210.00 05-Jul-95 06-Jul-95 14-Jul-95 14-Aug-95 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1995 1:1 25-Apr-96 26-Apr-96 06-May-96 03-Jun-96 B
1997 120.00 03-Jul-98 07-Jul-98 15-Jul-98 13-Aug-98 F
BOARD OF COMMISSIONERS 1998 260.00 05-Jul-99 06-Jul-99 14-Jul-99 11-Aug-99 F
1. Juni Setiawati Wonowidjojo 1999 500.00 06-Jul-00 07-Jul-00 17-Jul-00 31-Jul-00 F
2. Frank Willem Van Gelder *) 2000 500.00 27-Nov-00 28-Nov-00 05-Dec-00 19-Dec-00 I
3. Gotama Hengdratsonata *) 2001 300.00 02-Jul-02 03-Jul-02 08-Jul-02 19-Jul-02 F
4. Lucas Mulia Suhardja 2002 300.00 27-Jun-03 30-Jun-03 02-Jul-03 11-Jul-03 F
*) Independent Commissioners 2003 300.00 16-Jul-04 19-Jul-04 21-Jul-04 04-Aug-04 F
2005 500.00 21-Jul-05 22-Jul-05 26-Jul-05 08-Aug-05
1. Susilo Wonowidjojo 2006 250.00 23-Jul-07 24-Jul-07 26-Jul-07 09-Aug-07 F
2. Buana Susilo 2007 250.00 15-Jul-08 16-Jul-08 18-Jul-08 01-Aug-08 F
3. Herry Susianto 2008 350.00 14-Jul-09 15-Jul-09 17-Jul-09 30-Jul-09 F
4. Heru Budiman 2009 650.00 13-Jul-10 14-Jul-10 16-Jul-10 29-Jul-10 F
5. Istata Taswin Sidharta 2010 880.00 25-Jul-11 26-Jul-11 28-Jul-11 08-Aug-11 F
6. Lenga Nurullah 2011 1,000.00 30-Jul-12 31-Jul-12 02-Aug-12 16-Aug-12 F
7. Sony Sasono Rahmadi 2012 800.00 22-Jul-13 23-Jul-13 25-Jul-13 15-Aug-13 F
2013 800.00 06-Aug-14 07-Aug-14 11-Aug-14 25-Aug-14 F
AUDIT COMMITTEE 2014 800.00 03-Jul-15 06-Jul-15 08-Jul-15 30-Jul-15 F
1. Gotama Hengdratsonata 2015 2,600.00 28-Jun-16 29-Jun-16 01-Jul-16 22-Jul-16 F
2. Chetryana Gunardi 2016 2,600.00 03-Jul-17 04-Jul-17 06-Jul-17 19-Jul-17 F
3. Tony Gunawan
ISSUED HISTORY
CORPORATE SECRETARY Listing Trading
Heru Budiman No. Type of Listing Shares Date Date
1. First Issue 57,807,800 27-Aug-90 27-Aug-90
HEAD OFFICE 2. Partial Listing 38,396,600 27-Aug-90 27-Feb-91
Jakarta: Jln. Jend. A. Yani No. 79, Jakarta - 10510 3. Founders Shares 375,197,600 31-May-94 31-May-94
Kediri: Jln. Semampir II/1 Kediri 64121 4. Koperasi 9,620,000 31-May-94 00-Jan-00
Phone : (021) 420-2460, 421-2018, 815-5154 5. Stock Split 481,022,000 03-Jun-96 03-Jun-96
Fax : (021) 424-3136, 421-2024, (0354) 681-555 6. Bonus Shares 962,044,000 04-Jun-96 05-Jun-96
Homepage : www.gudanggaramtbk.com
Email : corporate_secretary@gudanggaramtbk.com

TRADING ACTIVITIES
Gudang Garam Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
100,000 16.0 Jan-13 57,000 49,500 51,850 20,401 36,082 1,900,377 21
Feb-13 52,850 48,300 48,300 16,161 39,784 2,000,127 20
87,500 14.0 Mar-13 51,200 45,800 48,950 17,514 32,644 1,590,282 19
Apr-13 54,450 48,600 49,400 28,414 51,702 2,660,507 22
May-13 57,800 49,300 53,500 22,413 41,575 2,221,861 22
75,000 12.0
Jun-13 54,500 45,300 50,600 22,532 31,333 1,555,537 19
Jul-13 51,600 42,250 42,350 21,809 30,731 1,419,705 23
62,500 10.0
Aug-13 43,650 32,000 37,950 22,201 29,240 1,128,039 17
Sep-13 43,900 35,000 35,000 23,464 31,451 1,223,270 21
50,000 8.0
Oct-13 38,450 33,150 36,900 33,633 50,193 1,809,844 21
Nov-13 38,350 34,600 37,000 21,934 34,618 1,262,239 20
37,500 6.0 Dec-13 42,000 36,800 42,000 21,396 37,811 1,513,018 19
25,000 4.0 Jan-14 45,525 39,700 41,900 36,083 31,659 1,343,558 20

Feb-14 48,500 40,600 47,700 32,197 27,944 1,265,725 20
12,500 2.0 Mar-14 49,550 43,600 49,400 45,202 30,887 1,455,094 20
Apr-14 57,125 48,075 56,500 47,605 34,082 1,778,189 20
May-14 57,925 52,050 52,050 40,365 29,671 1,633,510 18
Jun-14 55,000 51,300 53,500 27,283 14,579 775,015 21
Jul-14 54,475 52,075 54,200 31,574 17,100 913,076 18
Aug-14 55,900 52,925 54,000 28,021 15,965 868,891 20
Sep-14 57,050 53,750 56,675 31,266 18,150 1,012,034 22
Consumer Goods Industry Index Nov-14 64,250 57,550 61,175 29,427 17,355 1,057,785 20
January 2013 - July 2017 Dec-14 61,525 57,100 60,700 24,515 12,653 757,153 20
80%
Jan-15 64,000 51,900 57,800 51,790 31,660 1,822,015 21
60% Feb-15 58,500 53,400 53,425 34,568 20,001 1,112,549 19
55.8%
Mar-15 55,325 47,525 51,000 46,689 28,926 1,510,900 22
40% 37.1% Apr-15 54,650 49,025 50,000 49,629 33,822 1,754,518 21
34.4% May-15 50,600 44,750 47,100 58,307 34,542 1,620,711 19
20% Jun-15 47,500 42,000 45,100 37,643 15,845 710,356 21
Jul-15 54,150 44,775 49,500 37,887 20,455 1,000,185 19
Aug-15 49,875 41,000 44,500 35,432 17,485 776,131 20
-
Sep-15 44,500 39,500 42,000 30,568 13,048 548,579 21
Oct-15 47,800 41,950 42,950 59,672 36,514 1,616,201 21
-20%
Nov-15 52,650 42,925 48,900 62,483 33,338 1,609,672 21
Dec-15 55,000 48,275 55,000 42,043 26,125 1,352,426 19
-40%
Jan-16 59,000 52,550 58,350 48,532 30,319 1,683,368 20

-60% Feb-16 67,225 56,300 63,700 51,055 36,430 2,260,534 20
Mar-16 67,375 58,750 65,300 70,197 39,728 2,495,093 21
-80% Apr-16 72,300 64,200 69,250 57,516 30,735 2,066,825 21
Jun-16 70,600 62,150 69,000 72,203 46,355 3,057,574 22
Jul-16 77,950 67,525 67,525 84,491 40,981 2,936,952 16
Volume (Million Sh.) 447 270 312 408 123 Sep-16 65,275 59,225 62,000 52,759 30,092 1,902,824 21
Days 244 242 244 246 135 Dec-16 67,750 60,025 63,900 36,559 19,464 1,265,700 20
Price (Rupiah) Jan-17 65,600 61,750 61,750 30,623 12,128 769,625 21

High 57,800 64,250 64,000 77,950 81,300 Feb-17 66,000 60,050 65,850 39,070 21,477 1,339,524 19
Low 32,000 39,700 39,500 52,550 60,050 Mar-17 66,900 62,150 65,525 39,752 18,844 1,217,926 22
Close 42,000 60,700 55,000 63,900 76,100 Apr-17 68,575 63,500 66,400 36,236 15,542 1,022,339 17
Close* 42,000 60,700 55,000 63,900 76,100 May-17 78,475 66,325 73,950 57,052 23,491 1,688,339 20
Jun-17 80,325 73,200 78,300 36,237 13,843 1,075,711 15
PER (X) 18.67 21.67 16.44 20.04 20.31 Jul-17 81,300 75,000 76,100 49,236 17,460 1,348,653 21
PER Industry (X) 15.98 24.22 17.71 23.77 7.46
PBV (X) 2.75 3.66 2.78 3.27 3.71

Receivables 2,196,086 1,532,275 1,568,098 2,089,949 3,447,889

30,241,368 34,739,327 37,255,928 37,545,222 34,529,698 60,000
Inventories
Current Assets 34,604,461 38,532,600 42,568,431 41,933,173 40,643,323
45,000
Fixed Assets 14,788,915 18,973,272 20,106,488 20,498,950 20,976,952
Other Assets 1,318,730 604,404 639,170 381,081 580,813
30,000
Total Assets 50,770,251 58,220,600 63,505,413 62,951,634 62,364,930
Growth (%) 14.67% 9.08% -0.87% -0.93% 15,000

Growth (%) 17.04% 2.02% -8.28% 5.85%
38,008 37,610
Paid up Capital 962,044 962,044 962,044 962,044 962,044 39,564
33,229
29,416
Par Value 500 500 500 500 500
31,493

29,416,271 33,228,720 38,007,909 39,564,228 37,610,074
23,422
Total Equity
Growth (%) 12.96% 14.38% 4.09% -4.94% 15,351
Total Revenues 55,436,954 65,185,850 70,365,573 76,274,147 40,245,294

Growth (%) 17.59% 7.95% 8.40%
-791
2013 2014 2015 2016 Jun-17
Cost of Revenues 44,563,096 51,806,284 54,879,962 59,657,431 31,818,182

Gross Profit 10,873,858 13,379,566 15,485,611 16,616,716 8,427,112
Expenses (Income) 418,214 4,801,910 5,420,744 6,494,678 3,850,529
70,366
Growth (%) 28.18% 17.34% 0.57%
76,274
65,186
60,714 55,437
Other Income (Expenses) -755,518 -1,371,811 -1,429,592 -1,190,902 -363,215
Tax 1,552,272 1,810,552 2,182,441 2,258,454 1,088,234

Growth (%) 23.07% 19.60% 3.41%

14,034
Current Ratio (%) 172.21 162.02 177.04 193.79 177.62
6,673
6,453
Dividend (Rp) 800.00 800.00 2,600.00 2,600.00 -
EPS (Rp) 2,249.76 2,790.19 3,344.78 3,470.26 1,623.92 5,395
BV (Rp) 15,288.42 17,269.85 19,753.73 20,562.59 19,546.96 5,311
4,384
DAR (X) 0.42 0.43 0.40 0.37 0.40
DER(X) 0.73 0.75 0.67 0.59 0.66 3,125
3,950
ROA (%) 8.63 9.27 10.16 10.60 5.01 2,589
ROE (%) 14.90 16.24 16.98 16.87 8.31

GPM (%) 19.61 20.53 22.01 21.79 20.94 1,228
OPM (%) 12.07 13.16 14.30 13.27 11.37

NPM (%) 7.91 8.28 9.17 8.75 7.77
-133
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 35.56 28.67 77.73 74.92 -
Yield (%) 1.90 1.32 4.73 4.07 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
HMSP
HANJAYA MANDALA SAMPOERNA TBK.
Company Profile
PTHanjayaMandalaSampoernaTbk.wasestablishedonOctober19th,1963.

ThescopeofactivitiesoftheCompanycomprisesmanufacturingandtradingofcigarettes
andinvestinginothercompanies.TheCompanystarteditscommercialoperationsin1913
inSurabaya,asahomeindustry.In1930,thishomeindustrywasofficiallyorganisedunder
thenameofNVBMHandelMaatschapijSampoerna.TheCompanymadeapublicoffering
in1990.

The Company is domiciled in Surabaya and its plants are located in Surabaya, Pasuruan,
Malang,Karawang,andProbolinggo.TheCompanyalsohasacorporateofficeinJakarta.
As of December 31st, 2016, the Company and subsidiaries had 29,225 permanent
employees.

TheCompanyisoneoftheleadingtobaccocompaniesinIndonesia.Itisthemakerofsome
of the most wellknown kretek (clove) cigarette brands such as Sampoerna Hijau,
SampoernaAMild,andthelegendaryKingofKretekDjiSamSoe.Infact,onMay18th,
2005, when the company was acquired by Philip Morris International, it became part of
one of the worlds largest tobacco companies. Today the Company distributes Marlboro,
theworldsbestsellingcigarettebrand,inIndonesia.

TheCompanyhasdirectandindirectownershipinanumberofsubsidiariesamongothers:
PTPerusahaanDagangdanIndustriPanamas,
PTSampoernaPrintpack,
PTHandalLogistikNusantara,
PTSampoernaIndonesiaSembilan,
PTUnionSampoernaDinamika,
PTTamanDayu,
PTGolfTamanDayu,
PTWahanaSampoerna,
SampoernaInternationalPte.Ltd.,
PTHarapanMajuSentosa,and
PTPersadaMakmurIndonesia.
February 2017
Disclaimer:

HMSP HM Sampoerna Tbk.
Industry Sub Sector : Tobacco Manufacturers (52) Market Capitalization : 412,929,172,995,000
3 | 412.9T | 6.45% | 20.97%
21 | 18.0T | 0.96% | 55.88%

Established Date : 27-Mar-1905 1. PT Philip Morris Indonesia 107,594,221,125 : 92.00%
Listing Date : 15-Aug-1990 2. Public (<5%) 8,723,855,775 : 8.00%
Under Writer IPO :
PT Inter- Pacific DIVIDEND ANNOUNCEMENT
PT Multicorp Bonus Cash Recording Payment
F/I
PT Jardine Fleming Nusantara Finance Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2001 25.00 08-Aug-02 09-Aug-02 14-Aug-02 27-Aug-02 F
PT Sirca Datapro Perdana 2002 50.00 07-Apr-03 08-Apr-03 10-Apr-03 17-Apr-03 I
Jln. Johar No. 18 2002 140.00 21-Jul-03 22-Jul-03 24-Jul-03 07-Aug-03 F
Menteng, Jakarta 10340 2003 120.00 18-May-04 19-May-04 24-May-04 31-May-04 F
Phone : (021) 314-0032, 390-5920, 390-0645 2003 120.00 18-May-04 19-May-04 24-May-04 31-May-04 F
Fax : (021) 314-0185, 390-0652, 390-0671 2003 120.00 26-Jul-04 27-Jul-04 29-Jul-04 09-Aug-04 F
2003 80.00 26-Jul-04 27-Jul-04 29-Jul-04 09-Aug-04 F
BOARD OF COMMISSIONERS 2003 175.00 23-Nov-04 24-Nov-04 26-Nov-04 09-Dec-04 F
1. John Gledhill 2004 175.00 23-Nov-04 24-Nov-04 26-Nov-04 09-Dec-04 F
2. Goh Kok Ho *) 2005 275.00 21-Jul-05 22-Jul-05 26-Jul-05 09-Aug-05
3. Niken Kristiawan Rachmad 2005 340.00 13-Oct-05 14-Oct-05 18-Oct-05 27-Oct-05 I
4. RB. Permana Agung Dradjattun *) 2005 200.00 30-Jun-06 03-Jul-06 05-Jul-06 19-Jul-06 F
5. Wayan Mertasana Tantra 2005 250.00 15-Sep-06 18-Sep-06 20-Sep-06 04-Oct-06 F
*) Independent Commissioners 2006 100.00 23-Nov-06 24-Nov-06 28-Nov-06 12-Dec-06 I
2006 145.00 11-Jun-07 12-Jun-07 14-Jun-07 28-Jun-07 F
BOARD OF DIRECTORS 2007 150.00 31-Aug-07 03-Sep-07 05-Sep-07 21-Sep-07 I
1. Mindaugas Trumpaitis 2006 510.00 26-Feb-08 27-Feb-08 29-Feb-08 17-Mar-08 F
2. Andre Dahan 2007 280.00 10-Oct-08 13-Oct-08 15-Oct-08 29-Oct-08 I
3. Michael Sandritter 2007 110.00 06-Mar-09 10-Mar-09 12-Mar-09 25-Mar-09 F
4. Michael Scharer 2008 110.00 02-Dec-09 03-Dec-09 07-Dec-09 22-Dec-09 F
5. Mimi Kurniawan 2009 150.00 08-Feb-10 09-Feb-10 11-Feb-10 25-Feb-10 F
6. The Ivan Cahyadi 2009 615.00 07-Sep-10 15-Sep-10 17-Sep-10 29-Sep-10 F
7. Troy J. Modlin 2010 1,110.00 10-Jun-11 13-Jun-11 15-Jun-11 24-Jun-11 F
8. William Giff 2010 270.00 12-Sep-11 13-Sep-11 15-Sep-11 29-Sep-11 F
9. Yos Adiguna Ginting 2010 260.00 06-Dec-11 07-Dec-11 09-Dec-11 23-Dec-11 F
2011 200.00 06-Dec-11 07-Dec-11 09-Dec-11 23-Dec-11 I
AUDIT COMMITTEE 2011 1,050.00 22-May-12 23-May-12 25-May-12 05-Jun-12 F
1. Goh Kok Ho 2011 500.00 06-Dec-12 07-Dec-12 11-Dec-12 27-Dec-12 F
2. Hanafi Usman 2012 1,300.00 10-Jun-13 11-Jun-13 13-Jun-13 27-Jun-13 F
3. Raden Bagus Permana Agung Dradjattun 2013 969.00 02-Dec-13 03-Dec-13 06-Dec-13 18-Dec-13 I
2013 927.00 03-Jun-14 04-Jun-14 06-Jun-14 20-Jun-14 F
CORPORATE SECRETARY 2013 360.00 11-Sep-14 12-Sep-14 16-Sep-14 30-Sep-14 F
Ike Andriani 2013 1,143.00 04-Dec-14 05-Dec-14 09-Dec-14 23-Dec-14 F
2014 975.00 05-May-15 06-May-15 08-May-15 28-May-15 F
HEAD OFFICE 2014 1,033.00 18-Aug-15 19-Aug-15 21-Aug-15 09-Sep-15 F
One Pacific Place 18th Fl., SCBD 2015 2,225.00 04-May-16 09-May-16 11-May-16 27-May-16 F
Jln. Jend. Sudirman Kav. 52-53 2016 107.70 05-May-17 08-May-17 10-May-17 26-May-17 F
Jakarta 12190 2016 107.70 05-May-17 08-May-17 10-May-17 26-May-17 F
Phone : (021) 515-1234
Fax : (021) 515-2234 ISSUED HISTORY
Listing Trading
Homepage : www.sampoerna.co.id No. Type of Listing Shares Date Date
Email : ike.andriani@sampoerna.com 1. First Issue 27,000,000 15-Aug-90 15-Aug-90
2. Partial Listing 18,000,000 T: 15-Aug-90 : 15-Feb-91
3. Company Listing 135,000,000 15-Jun-92 15-Jun-92
4. Bonus Shares 270,000,000 28-Sep-94 28-Sep-94
5. Stock Split 115,827,353,824 T: 18-Nov-96 : 14-Jun-16
6. Additional Listing 28,000,000 18-Jun-99 18-Jun-99
7. Buy Back -257,000,000 T: 17-Oct-01 : 27-Sep-04
8. Right Issue 269,340,247 T: 27-Oct-15 : 03-Nov-15

TRADING ACTIVITIES
HM Sampoerna Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
4,600 320 Jan-13 63,500 59,100 63,300 96 186 11,678 18
Feb-13 74,900 63,250 74,900 178 486 33,411 20
4,025 280 Mar-13 84,500 74,900 84,500 232 236 18,861 19
Apr-13 85,100 82,350 84,300 145 636 51,331 21
May-13 88,000 84,500 87,500 132 209 17,941 19
3,450 240
Jun-13 87,500 79,500 85,000 156 116 9,564 16
Jul-13 85,000 80,000 82,000 53 42 3,458 12
2,875 200
Aug-13 81,000 59,500 65,500 551 558 40,238 17
Sep-13 70,000 64,000 65,400 165 115 7,657 19
2,300 160
Oct-13 68,400 64,000 66,900 142 126 8,216 21
Nov-13 68,100 64,000 65,000 123 134 8,761 18
1,725 120 Dec-13 66,000 59,750 62,400 285 249 15,132 19
1,150 80 Jan-14 68,000 60,000 67,050 484 327 20,297 20

Feb-14 71,500 66,500 68,500 412 138 9,572 20
575 40 Mar-14 69,900 68,025 69,000 227 80 5,590 20
Apr-14 70,300 68,000 69,900 254 176 12,199 18
May-14 74,000 68,000 68,900 238 63 4,317 18
Jun-14 69,000 66,000 67,300 343 276 18,618 21
Jul-14 71,600 67,100 69,700 254 188 13,058 17
Aug-14 70,650 67,000 70,650 210 173 12,026 18
Sep-14 72,500 70,000 72,000 116 74 5,352 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 72,100 70,000 71,100 146 85 6,047 21
Consumer Goods Industry Index Nov-14 71,500 69,250 69,850 253 246 17,359 20
January 2013 - July 2017 Dec-14 70,000 67,375 68,650 418 272 19,365 19
105%
Jan-15 68,650 66,250 67,200 294 99 6,683 21
90% Feb-15 66,900 64,900 65,200 269 1,889 121,465 19
Mar-15 73,850 64,900 73,475 562 440 29,284 21
75% Apr-15 75,375 71,750 73,500 273 99 7,369 19
May-15 73,750 71,000 72,500 156 203 7,970 17
60% Jun-15 72,500 70,500 72,000 149 64 4,562 16
55.8% Jul-15 90,050 70,500 83,450 1,318 584 47,679 19
46.6% Aug-15 84,850 71,000 76,000 633 291 22,329 20
45%
Sep-15 77,250 74,250 75,975 588 288 21,750 21
34.4% Oct-15 99,000 76,000 91,975 37,998 287,642 22,430,794 21
30%
Nov-15 101,900 91,900 101,900 51,731 54,195 5,310,744 21
Dec-15 102,000 91,025 94,000 21,935 11,202 1,078,449 19
15%
Jan-16 109,800 89,000 103,500 36,158 24,636 2,430,871 20

- Feb-16 112,125 99,400 109,950 36,736 17,453 1,853,483 20
Mar-16 111,875 95,050 98,400 54,403 26,004 2,648,824 21
-15% Apr-16 102,850 92,500 99,875 50,409 24,529 2,391,750 21
Jun-16 100,100 3,560 3,800 68,602 344,650 2,049,175 22
Jul-16 4,070 3,630 3,630 65,162 498,828 1,917,070 16
Volume (Million Sh.) 3 2 357 2,985 2,855 Sep-16 4,250 3,760 3,950 53,596 529,459 2,103,398 21
Value (Billion Rp) 226 144 29,089 22,740 11,142 Oct-16 4,240 3,950 3,950 57,637 262,366 1,069,604 21
Days 219 233 234 246 135 Dec-16 4,050 3,620 3,830 54,880 312,401 1,208,891 20
Price (Rupiah) Jan-17 4,020 3,750 3,850 63,603 265,560 1,042,308 21

High 88,000 74,000 102,000 112,125 4,150 Feb-17 4,000 3,800 3,870 48,665 263,177 1,023,576 19
Low 59,100 60,000 64,900 3,560 3,550 Mar-17 4,150 3,830 3,900 76,777 829,211 3,320,768 22
Close 62,400 68,650 94,000 3,830 3,550 Apr-17 4,030 3,820 3,820 39,258 268,009 1,047,348 17
Close* 2,478 2,726 3,760 3,830 3,550 May-17 4,000 3,760 3,930 81,391 607,522 2,346,984 20
Jun-17 3,900 3,770 3,840 46,422 303,374 1,167,097 15
PER (X) 25.28 29.48 42.20 36.79 32.25 Jul-17 3,870 3,550 3,550 54,271 318,070 1,194,273 21
PER Industry (X) 15.98 24.22 17.71 23.77 7.46
PBV (X) 19.32 27.35 13.66 14.51 11.33

Cash & Cash Equivalents 657,276 65,086 1,718,738 5,056,183 9,822,024 43,750
Receivables 1,449,427 1,097,937 4,726,827 4,996,420 5,431,332

17,332,558 17,431,586 19,071,523 19,442,023 15,061,625 35,000
Inventories
Current Assets 21,247,830 20,777,514 29,807,330 33,647,496 32,612,322
26,250
Fixed Assets 4,708,669 5,919,600 6,281,176 6,895,483 6,825,881
Other Assets 574,203 804,448 844,896 870,447 820,848
17,500
Total Assets 27,404,594 28,380,630 38,010,724 42,508,277 41,281,354
Growth (%) 3.56% 33.93% 11.83% -2.89% 8,750

Growth (%) 12.32% -59.72% 39.01% 63.58%
Paid up Capital 438,300 438,300 465,272 465,272 465,272 34,175
32,016
Par Value 100 100 100 4 4

27,203

14,155,035 13,498,114 32,016,060 34,175,014 27,650,131
20,232
Total Equity 14,155 13,498

Growth (%) -4.64% 137.19% 6.74% -19.09% 13,260
Total Revenues 75,025,207 80,690,139 89,069,306 95,466,657 46,589,661

Growth (%) 7.55% 10.38% 7.18%
-684
2013 2014 2015 2016 Jun-17
Cost of Revenues 54,953,870 60,190,077 67,304,917 71,611,981 35,193,935

Gross Profit 20,071,337 20,500,062 21,764,389 23,854,676 11,395,726
Expenses (Income) 5,561,627 6,781,763 7,831,745 6,843,229 3,377,959
89,069
Growth (%)
95,467
80,690
75,025
75,991

46,590
Tax 3,691,224 3,537,216 3,569,336 4,249,218 1,967,467
Growth (%) -5.89% 1.79% 23.15%

17,566
Current Ratio (%) 175.26 152.77 656.74 523.41 279.12
12,762
Dividend (Rp) 3,399.00 2,008.00 2,225.00 215.40 -
10,818
EPS (Rp) 2,468.28 2,322.86 2,227.36 109.72 52.02 10,181 10,363
BV (Rp) 3,229.53 3,079.65 6,881.14 293.81 237.71 10,159
DAR (X) 0.48 0.52 0.16 0.20 0.33

DER(X) 0.94 1.10 0.19 0.24 0.49 6,050
7,555
ROA (%) 39.48 35.87 27.26 30.02 14.66 4,952
ROE (%) 76.43 75.43 32.37 37.34 21.88

GPM (%) 26.75 25.41 24.44 24.99 24.46 2,348
OPM (%) - - - - -
NPM (%) 14.42 12.62 11.64 13.37 12.99
-255
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 137.71 86.45 99.89 196.32 -
Yield (%) 5.45 2.92 2.37 5.62 -

COMPANY REPORT
ICBP
INDOFOOD CBP SUKSES MAKMUR TBK.
Company Profile
PTIndofoodCBPSuksesMakmurTbk.wasestablishedonSeptember2nd,2009.

The Company was the result of the spinoff of the Noodle Division and Food Ingredients
DivisionofPTIndofoodSuksesMakmurTbk.,thecontrollingshareholderoftheCompany,
andstartedtocarryouttherelatedbusinessoperationsonOctober1st,2009.

Thescopeofitsactivitiescomprises,amongothers,themanufactureofnoodlesandfood
ingredients,culinaryfoodproducts,biscuits,snacks,nutritionandspecialfoods,packaging,
trading,transportation,warehousingandcoldstorage,managementservices,andresearch
anddevelopment.

The Companys head office is located in Jakarta, while the Company and its Subsidiaries
factoriesarelocatedinvariouslocationsinJava,Sicumatera,Kalimantan,SulawesiIslands
andMalaysia.

PTIndofoodSuksesMakmur,Indonesia,andFirstPacificCompanyLimited,HongKong,are
theparententityandtheultimateparententity,respectively,oftheCompany.

TheCompanyisanestablishedmarketleadingproducerofpackagedfoodproductswitha
diverse range of products providing everyday food solutions for consumers of all ages.
ManyofitsproductsbrandsareamongthestrongestbrandswithsignificantTopofMind
status in Indonesia and have gained the trust and loyalty of millions of consumers in
Indonesiafordecades.

The Company has direct share ownerships in Drayton Pte. Ltd., Indofood (M) Food
Industries Sdn. Bhd., PT Surya Rengo Containers, PT Indofood Fritolay Makmur, PT
Indofood Asahi Sukses Beverage, PT Indofood Tsukishima Sukses Makmur, PT Indofood
MitraBahariMakmur,PTIndofoodComsaSuksesMakmur,PTIndoOjiSuksesPratama.

The longterm investment in the associated entity are PT Nestle Indofood Citarasa
Indonesia,PTAsahiIndofoodBeverageMakmurandPTPrimaCahayaIndobeverages.As
ofJune30th,2017,theGrouphad29,242employees.
August 2017
Disclaimer:

ICBP Indofood CBP Sukses Makmur Tbk. [S]
Industry Sub Sector : Food And Beverages (51) Market Capitalization : 97,376,931,800,000
11 | 97.4T | 1.52% | 50.13%
37 | 11.6T | 0.62% | 67.63%

Established Date : 02-Sep-2009 1. PT Indofood Sukses Makmur 9,329,526,000 : 80.00%
Under Writer IPO :
PT Kim Eng Securities DIVIDEND ANNOUNCEMENT
PT Credit Suisse Securities Indonesia Bonus Cash Recording Payment
F/I
PT Deutsche Securities Indonesia Year Shares Dividend Cum Date Ex Date Date Date
PT Mandiri Sekuritas 2010 116.00 21-Jun-11 22-Jun-11 24-Jun-11 07-Jul-11 F
Securities Administration Bureau : 2011 169.00 13-Jul-12 16-Jul-12 18-Jul-12 31-Jul-12 F
Plaza Central Building 2nd Fl. 2014 222.00 18-May-15 19-May-15 21-May-15 09-Jun-15 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 2015 256.00 10-Jun-16 13-Jun-16 15-Jun-16 24-Jun-16 F
Fax : (021) 252-5028
ISSUED HISTORY
BOARD OF COMMISSIONERS Listing Trading
1. Franciscus Welirang No. Type of Listing Shares Date Date
2. A. Prijohandojo Kristanto *) 1. First Issue 1,166,191,000 07-Oct-10 07-Oct-10
3. Alamsyah 2. Company Listing 4,664,763,000 07-Oct-10 07-Apr-11
4. Florentinus Gregorius Winarno *) 3. Stock Split 5,830,954,000 27-Jul-16 27-Jul-16
5. Hans Kartikahadi *)
6. Moleonoto (Paulus Moleonoto)
BOARD OF DIRECTORS
1. Anthoni Salim
2. Axton Salim
3. Darmawan Sarsito (Kevin Sietho)
4. Hendra Widjaja
5. Suaimi Suriady
6. Sulianto Pratama
7. Taufik Wiraatmadja
8. Tjhie Tje Fie (Thomas Tjhie)
9. Werianty Setiawan
AUDIT COMMITTEE
1. Hans Kartikahadi
2. A. Prijohandojo Kristanto
3. Hendra Susanto
CORPORATE SECRETARY
Gideon Ariprastomo Putro
HEAD OFFICE
Sudirman Plaza, Indofood Tower 25th Fl.
Jln. Jend. Sudirman Kav. 76 - 78
Jakarta 12910
Phone : (021) 5795-8822
Fax : (021) 5793-7373
Homepage : www.indofoodcbp.com
Email : gideon.putro@icbp.indofood.co.id

TRADING ACTIVITIES
Indofood CBP Sukses Makmur Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
12,000 64.0 Jan-13 8,700 7,600 8,000 8,421 69,143 552,825 21
Feb-13 8,650 7,900 8,500 7,470 78,410 638,909 20
10,500 56.0 Mar-13 9,900 8,200 9,600 13,589 108,935 974,749 19
Apr-13 11,700 9,500 11,450 23,016 106,833 1,118,431 22
May-13 13,400 11,500 13,100 35,135 183,672 2,300,353 22
9,000 48.0
Jun-13 13,000 9,850 12,200 26,910 111,166 1,270,060 19
Jul-13 12,500 10,350 11,200 20,502 81,983 913,934 23
7,500 40.0
Aug-13 11,650 8,700 10,000 15,325 68,204 680,778 17
Sep-13 12,200 8,900 10,250 19,020 91,623 932,990 21
6,000 32.0
Oct-13 11,500 10,200 11,200 15,121 73,454 805,810 21
Nov-13 11,300 9,750 10,000 19,144 71,526 740,344 20
4,500 24.0 Dec-13 10,300 9,550 10,200 12,888 36,835 368,146 19
3,000 16.0 Jan-14 11,700 9,900 11,000 31,608 68,488 734,990 20

Feb-14 11,350 10,450 11,175 33,839 78,008 852,458 20
1,500 8.0 Mar-14 11,300 9,950 10,100 40,130 124,778 1,318,297 20
Apr-14 10,275 9,800 10,000 31,126 113,027 1,131,541 20
May-14 10,400 9,925 10,200 22,065 55,236 557,582 18
Jun-14 10,275 9,875 10,000 21,362 46,268 465,777 21
Jul-14 10,575 9,950 10,450 21,883 78,643 812,824 18
Aug-14 10,650 10,100 10,500 27,066 74,737 781,831 20
Sep-14 11,400 10,500 11,350 25,934 57,043 629,638 22
Consumer Goods Industry Index Nov-14 11,450 10,800 11,250 18,187 56,536 624,570 20
January 2013 - July 2017 Dec-14 13,400 11,150 13,100 24,568 69,230 825,565 20
175%
Jan-15 16,050 12,450 14,500 33,591 90,954 1,243,010 21
150% Feb-15 14,650 13,900 14,300 28,064 53,007 751,753 19
Mar-15 15,500 14,025 14,675 38,018 88,680 1,289,971 22
125% Apr-15 14,700 12,300 13,200 31,277 95,059 1,306,487 21
May-15 14,225 13,300 14,100 34,554 63,037 855,040 19
108.8%
100% Jun-15 14,200 12,050 12,475 31,709 37,052 483,342 21
Jul-15 13,050 11,800 12,300 33,854 44,360 545,752 19
Aug-15 13,000 11,550 12,750 32,387 69,230 863,442 20
75%
Sep-15 13,175 10,900 12,400 28,987 42,367 523,143 21
55.8% Oct-15 13,800 12,050 13,200 37,513 65,176 848,257 21
50%
Nov-15 13,500 11,925 12,625 32,730 48,234 616,032 21
34.4% Dec-15 13,600 11,325 13,475 26,651 37,590 470,086 19
25%
Jan-16 14,900 12,850 14,450 37,740 60,286 851,215 20

- Feb-16 16,600 14,200 15,750 50,673 94,923 1,447,933 20
Mar-16 16,150 14,975 15,200 42,757 75,626 1,171,017 21
-25% Apr-16 15,600 14,125 15,275 37,415 56,794 850,608 21
Jun-16 17,700 15,800 17,225 33,168 50,653 849,521 22
Jul-16 18,025 8,600 8,600 40,394 56,169 841,159 16
Volume (Million Sh.) 1,082 899 735 1,093 798 Sep-16 10,275 8,975 9,475 69,142 176,081 1,670,088 21
Days 244 242 244 246 135 Dec-16 9,025 7,550 8,575 47,590 94,406 795,561 20
Price (Rupiah) Jan-17 8,825 8,350 8,400 34,645 93,349 800,266 21

High 13,400 13,400 16,050 18,025 9,225 Feb-17 8,575 8,250 8,325 31,128 112,405 945,296 19
Low 7,600 9,800 10,900 7,550 7,975 Mar-17 8,950 8,075 8,150 44,076 123,072 1,040,304 22
Close 10,200 13,100 13,475 8,575 8,350 Apr-17 8,950 7,975 8,775 27,002 135,455 1,133,363 17
Close* 5,100 6,550 6,738 8,575 8,350 May-17 9,225 8,425 8,700 40,655 114,581 998,113 20
Jun-17 8,875 8,275 8,800 25,087 93,137 801,977 15
PER (X) 26.73 27.67 26.18 26.48 22.63 Jul-17 8,825 8,275 8,350 34,204 125,801 1,075,742 21
PER Industry (X) 15.98 24.22 17.71 23.77 7.46
PBV (X) 4.48 5.26 4.79 5.61 4.99

Receivables 2,549,415 2,902,202 3,363,697 3,893,925 5,789,769

2,868,722 2,821,618 2,546,835 3,109,916 2,950,940 26,000
Inventories
Current Assets 11,321,715 13,603,527 13,961,500 15,571,362 17,888,331
19,500
Fixed Assets 4,844,407 5,838,843 6,555,660 7,114,288 7,573,352
Other Assets 888,529 213,907 222,280 111,864 148,988
13,000
Total Assets 21,267,470 24,910,211 26,560,624 28,901,948 32,391,520
Growth (%) 17.13% 6.63% 8.82% 12.07% 6,500

Growth (%) 23.35% 3.07% 2.24% 30.24%
18,501
Paid up Capital 583,095 583,095 583,095 583,095 583,095
16,387
18,845

Par Value 100 100 100 100 100
15,000
13,266

13,265,731 15,039,947 16,386,911 18,500,823 18,844,824
11,156
Total Equity
Growth (%) 13.37% 8.96% 12.90% 1.86% 7,312
Total Revenues 25,094,681 30,022,463 31,741,094 34,466,069 18,460,818

Growth (%) 19.64% 5.72% 8.59%
-377
2013 2014 2015 2016 Jun-17
Cost of Revenues 18,668,990 21,962,609 22,121,957 23,606,755 12,655,041

Gross Profit 6,425,691 8,059,854 9,619,137 10,859,314 5,805,777
Expenses (Income) 3,653,767 4,931,161 5,627,005 5,995,146 3,026,646
31,741
Growth (%) 12.87% 27.60% 21.84% 30,022
34,466
27,435 25,095
Other Income (Expenses) 195,066 260,032 17,502 125,086 62,926
18,461
Tax 733,699 857,044 1,086,486 1,357,953 696,009

Growth (%) 13.27% 15.46% 24.23%

6,342
Current Ratio (%) 241.06 218.32 232.60 240.68 189.93
3,631
Dividend (Rp) 190.00 222.00 256.00 154.00 - 3,631
EPS (Rp) 381.63 446.62 514.62 617.45 358.79 2,923

BV (Rp) 2,275.05 2,579.33 2,810.33 3,172.86 3,231.86 2,891
2,532
2,235 2,146
DAR (X) 0.38 0.40 0.38 0.36 0.42
DER(X) 0.60 0.66 0.62 0.56 0.72
2,150
ROA (%) 10.51 10.16 11.01 12.56 6.63 1,409
ROE (%) 16.85 16.83 17.84 19.63 11.39

GPM (%) 25.61 26.85 30.30 31.51 31.45 668
OPM (%) 11.05 10.42 12.58 14.11 15.05

NPM (%) 8.91 8.43 9.21 10.54 11.62
-73
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 49.79 49.71 49.75 24.94 -
Yield (%) 1.86 1.69 1.90 1.80 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
INCO
VALE INDONESIA TBK.
Company Profile
PT Vale Indonesia Tbk. (formerly International Nickel Indonesia Tbk.) was established on
July25th,1968.

The Companys immediate parent company is Vale Canada Limited and thee ultimate
parententityisValeS.A.,acompanyestablishedunderthelawsoftheFederalRepublicof
Brazil. The Companys plant is located in Sorowako, South Sulawesi and the registered
officeislocatedinJakarta.

The Companys main activities are exploration and mining, processing, storage,
transportation and marketing of nickel and associated mineral products. The Company
starteditscommercialoperationsin1978.

PTValeIndonesiaTbk.isoneoftheworldspremierproducersofnickel.Aversatilemetal,
whichisimportantinimprovinglivingstandardsandfosteringeconomicgrowth.Formore
than three decades, since the signing of its Contract of Work with the Indonesian
Governmentin1968,theCompanyhasprovidedskilledjobs,shownconcernfortheneeds
ofthecommunitiesinwhichitoperates,benefitedshareholdersandcontributedpositively
totheIndonesianeconomy.

ThetotalnumberofemployeesasofJune30th,2017was3,076.

August 2017
Disclaimer:

INCO ValeIndonesiaTbk.[S]
Industry Sub Sector : Metal And Mineral Mining (23) Market Capitalization : 24,045,939,702,400
46 | 24.0T | 0.38% | 73.20%
46 | 9.56T | 0.51% | 72.45%

Established Date : 25-Jul-1968 1. Public (<5%) 2,104,449,080 : 100.00%
Listing Date : 16-May-1990 2. Sumitomo Metal Mining Co. Ltd. 1,996,281,680 : 0.00%
Under Writer IPO : 3. Vale Canada Limited 5,835,607,960 : 0.00%
PT Danareksa Sekuritas
PT Vale Indonesia Tbk. Bonus Cash Recording Payment
F/I
Plaza Bapindo - Citibank Tower 22nd Fl. Year Shares Dividend Cum Date Ex Date Date Date
Jln. Jend. Sudirman Kav. 54 - 55, Jakarta 12190 1990 USD 0.35 17-Sep-90 18-Sep-90 25-Sep-90 25-Oct-90 I
Phone : (021) 524-9000 1991 USD 0.15 20-Mar-91 21-Mar-91 28-Mar-91 30-Apr-91
Fax : (021) 524-9030 1991 USD 0.15 19-Sep-91 20-Sep-91 30-Sep-91 30-Oct-91 I
1991 USD 0.15 19-Mar-92 20-Mar-92 27-Mar-92 30-Apr-92 I
BOARD OF COMMISSIONERS 1992 USD 0.05 15-Apr-93 16-Apr-93 23-Apr-93 21-May-93 F
1. Jennifer Anne Maki 1993 USD 0,05 25-Apr-94 26-Apr-94 03-May-94 01-Jun-94 F
2. Akira Nozaki 1994 USD 0,05 28-Oct-94 31-Oct-94 07-Nov-94 07-Dec-94 I
3. Andrea Maques de Almeida 1994 USD 0,05 24-Apr-95 25-Apr-95 02-May-95 02-Jun-95 F
4. Irwandy Arif *) 1995 USD 0,05 03-Nov-95 04-Nov-95 14-Nov-95 13-Dec-95 I
5. Mahendra Siregar *) 1995 USD 0,05 26-Apr-96 29-Apr-96 07-May-96 05-Jun-96 F
6. Mark James Travers 1996 USD 0.05 04-Nov-96 05-Nov-96 13-Nov-96 12-Dec-96 I
7. Michael Baril 1996 121.60 25-Apr-97 28-Apr-97 06-May-97 04-Jun-97 F
8. Nobuhiro Matsumoto 1997 174.15 10-Nov-97 11-Nov-97 19-Nov-97 18-Dec-97 I
9. Raden Sukhyar *) 2002 84.65 29-Apr-03 30-Apr-03 02-May-03 19-May-03 F
10. Robert Alan Morris 2002 10.61 13-Nov-03 14-Nov-03 18-Nov-03 05-Dec-03 F
*) Independent Commissioners 2003 USD 0,15 23-Apr-04 26-Apr-04 28-Apr-04 13-May-04 F
2004 USD 0.0125 04-Nov-04 05-Nov-04 09-Nov-04 25-Nov-04 F
BOARD OF DIRECTORS 2004 USD 0.0975 19-Apr-05 20-Apr-05 25-Apr-05 10-May-05 F
1. Nicolaas D. Kanter 2005 USD 0.025 22-Nov-05 23-Nov-05 25-Nov-05 08-Dec-05 I
2. Bernardus Irmanto 2005 745.88 25-Apr-06 26-Apr-06 28-Apr-06 12-May-06 F
3. Febriany Eddy 2006 USD 0.025 17-Nov-06 20-Nov-06 22-Nov-06 05-Dec-06 I
4. Lovro Paulic 2006 454.50 24-Apr-07 27-Apr-07 27-Apr-07 11-May-07 F
2007 USD 0,9787 20-Nov-07 21-Nov-07 23-Nov-07 07-Dec-07 I
AUDIT COMMITTEE 2007 USD 0.02264 16-Apr-08 17-Apr-08 21-Apr-08 06-May-08 F
1. Irwandy Arif 2009 USD 0,01107 09-Dec-09 10-Dec-09 14-Dec-09 29-Dec-09 I
2. Dedi Rudaedi 2010 178.44 05-Oct-10 06-Oct-10 08-Oct-10 22-Oct-10 I
3. Joseph F.P. Luhukay 2010 125.06 02-May-11 03-May-11 05-May-11 20-May-11 F
2011 89.68 02-Nov-11 03-Nov-11 07-Nov-11 21-Nov-11 I
CORPORATE SECRETARY 2011 79.70 14-May-12 15-May-12 21-May-12 01-Jun-12 F
Ratih Amri 2012 24.31 06-Dec-12 07-Dec-12 11-Dec-12 27-Dec-12 I
2012 24.70 14-May-13 15-May-13 17-May-13 31-May-13 F
HEAD OFFICE 2013 30.14 29-Nov-13 02-Dec-13 04-Dec-13 18-Dec-13 I
The Energy Building 31st Fl. 2014 123.81 28-Nov-14 01-Dec-14 03-Dec-14 17-Dec-14 I
SCBD Lot 11 A, Jln. Jend. Sudirman
Kav. 52-53, Jakarta 12190 ISSUED HISTORY
Phone : (021) 524-9000 Listing Trading
Fax : (021) 524-9020 No. Type of Listing Shares Date Date
1. First Issue 49,681,694 16-May-90 16-May-90
Homepage : www.vale.com/indonesia 2. Company Listing 198,726,774 31-Jan-01 31-Jan-01
Email : ratih.amri@valeinco.com 3. Stock Split 745,225,404 03-Aug-04 03-Aug-04
pti_corsec@valeinco.com 4. Stock Split 8,942,704,848 15-Jan-08 15-Jan-08

INCO Vale Indonesia Tbk. [S]
TRADING ACTIVITIES
Vale Indonesia Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
4,600 160 Jan-13 2,900 2,350 2,750 16,519 264,254 707,204 21
Feb-13 3,075 2,600 2,700 15,878 189,153 535,185 20
4,025 140 Mar-13 2,850 2,350 2,375 18,082 156,260 416,753 19
Apr-13 2,850 2,375 2,850 11,715 243,235 608,803 22
May-13 2,850 2,450 2,550 9,351 115,097 304,185 22
3,450 120
Jun-13 2,575 1,920 2,025 14,312 129,454 294,878 19
Jul-13 2,175 1,770 1,770 26,994 275,925 550,652 23
2,875 100
Aug-13 2,525 1,770 2,300 22,109 259,951 543,386 17
Sep-13 2,725 2,200 2,250 17,867 239,312 586,568 21
2,300 80
Oct-13 2,750 2,250 2,475 12,214 142,143 359,087 21
Nov-13 2,650 2,300 2,400 9,622 97,518 241,610 20
1,725 60 Dec-13 2,800 2,300 2,650 11,825 197,647 515,246 19
1,150 40 Jan-14 2,800 2,115 2,305 28,319 285,267 707,505 20

Feb-14 2,650 2,230 2,390 26,254 267,495 658,048 20
575 20 Mar-14 2,850 2,390 2,820 42,732 554,968 1,485,366 20
Apr-14 3,745 2,815 3,550 44,937 476,712 1,599,051 20
May-14 4,240 3,430 3,915 57,730 454,246 1,775,539 18
Jun-14 3,965 3,525 3,555 27,874 191,590 711,230 21
Jul-14 4,025 3,525 4,025 40,957 310,152 1,162,055 18
Aug-14 4,185 3,785 4,180 51,392 260,878 1,044,808 20
Sep-14 4,575 3,710 3,750 64,604 295,695 1,224,296 22
Mining Index Nov-14 4,175 3,625 3,985 53,963 201,141 778,894 20
January 2013 - July 2017 Dec-14 4,145 3,525 3,625 48,022 201,988 828,546 20
80%
Jan-15 3,695 3,285 3,450 49,254 157,356 555,099 21
60% Feb-15 3,675 3,350 3,525 42,735 153,140 534,741 19
Mar-15 3,565 3,230 3,235 41,098 178,101 602,947 22
40% Apr-15 3,275 2,605 2,795 35,215 225,188 677,054 21
34.4% May-15 3,545 2,740 3,120 48,244 260,581 857,171 19
20% Jun-15 3,280 2,675 2,710 37,285 208,810 597,379 21
Jul-15 2,745 1,960 1,960 25,380 92,103 224,276 19
Aug-15 2,135 1,190 1,545 46,269 320,687 516,928 20
-
-4.2% Sep-15 2,220 1,265 2,185 73,280 497,430 811,348 21
Oct-15 2,700 2,135 2,235 86,392 331,743 783,392 21
-20%
-24.7% Nov-15 2,280 1,645 1,645 43,182 200,892 378,750 21
Dec-15 1,695 1,340 1,635 34,124 196,891 319,271 19
-40%
Jan-16 1,635 1,370 1,445 25,378 134,782 196,679 20

-60% Feb-16 1,650 1,375 1,535 32,734 204,914 306,034 20
Mar-16 2,045 1,530 1,750 52,471 391,455 736,442 21
-80% Apr-16 2,010 1,710 1,860 35,363 286,809 542,339 21
Jun-16 1,870 1,630 1,820 26,831 225,438 398,859 22
Jul-16 2,630 1,800 2,560 40,083 367,864 863,081 16
Days 244 242 244 246 135 Dec-16 3,500 2,620 2,820 39,537 246,788 768,000 20
Price (Rupiah) Jan-17 3,110 2,230 2,370 76,644 594,870 1,533,079 21

High 3,075 4,575 3,695 3,630 3,110 Feb-17 2,850 2,390 2,550 52,817 479,642 1,280,953 19
Low 1,770 2,115 1,190 1,370 1,835 Mar-17 2,580 2,270 2,390 31,843 279,808 664,474 22
Close 2,650 3,625 1,635 2,820 2,420 Apr-17 2,420 2,140 2,220 26,839 162,661 368,725 17
Close* 2,650 3,625 1,635 2,820 2,420 May-17 2,300 1,840 1,905 36,781 233,968 463,047 20
Jun-17 2,020 1,840 1,850 19,168 113,881 217,207 15
PER (X) 55.52 16.97 23.32 -230.18 -75.39 Jul-17 2,510 1,835 2,420 34,878 315,479 689,392 21
PER Industry (X) 20.76 3.23 0.60 -4.41 6.07
PBV (X) 1.25 1.60 0.64 1.18 1.02

INCO Vale Indonesia Tbk. [S]
Receivables 808,618 1,152,892 1,146,177 1,969,933 1,729,725

1,852,721 1,732,173 1,525,295 1,743,939 1,714,408 27,000
Inventories
Current Assets 6,840,464 7,728,153 8,793,628 8,050,233 7,605,136
20,250
Fixed Assets 20,267,120 20,003,592 23,499,597 20,592,726 19,846,908
Other Assets 164,602 197,135 191,728 141,226 120,910
13,500
Total Assets 27,989,330 29,027,987 33,552,233 29,901,711 28,894,705
Growth (%) 3.71% 15.59% -10.88% -3.37% 6,750

Growth (%) -1.87% -2.25% -21.28% -9.60%
Paid up Capital 248,408 248,408 248,408 248,408 248,408 26,880
24,650 24,147
21,034
Par Value 25 25 25 25 0
21,397

21,034,044 22,202,650 26,880,308 24,649,538 24,146,601
15,913
Total Equity
Growth (%) 5.56% 21.07% -8.30% -2.04% 10,430
Total Revenues 11,308,498 12,909,588 11,575,292 7,848,545 3,887,643

Growth (%) 14.16% -10.34% -32.20%
-538
2013 2014 2015 2016 Jun-17
Cost of Revenues 9,591,999 9,095,939 9,840,549 7,390,042 4,127,318

Gross Profit 1,716,499 3,813,649 1,734,744 458,504 -239,675
Expenses (Income) 855,918 711,551 565,833 266,396 124,946
Operating Profit 860,581 3,102,098 1,168,910 192,108 -364,621 12,910
11,575
Growth (%) 260.47% -62.32% -83.57% 11,308
12,910
10,276
Other Income (Expenses) -180,099 -155,624 -145,441 -122,711 -55,340 7,849

Income before Tax 680,482 2,946,474 1,023,469 69,397 -419,961 7,642
Tax 206,222 804,112 283,276 43,788 -133,883

Profit for the period 474,260 2,142,362 740,193 25,609 -286,079 5,009
3,888
Growth (%) 351.73% -65.45% -96.54%

2,375
Period Attributable 474,260 2,142,362 740,193 25,609 -286,079 -258
Comprehensive Income 526,530 2,128,372 712,389 8,492 -288,290 2013 2014 2015 2016 Jun-17
Comprehensive Attributable 526,530 2,128,372 712,389 8,492 -288,290
Current Ratio (%) 330.07 298.21 404.02 453.94 469.10
2,142
Dividend (Rp) 30.14 123.81 - - - 2,142
EPS (Rp) 47.73 215.61 74.49 2.58 -28.79

BV (Rp) 2,116.88 2,234.49 2,705.25 2,480.75 2,430.13 1,657
DAR (X) 0.25 0.24 0.20 0.18 0.16

DER(X) 0.33 0.31 0.25 0.21 0.20
1,171
740
ROA (%) 1.69 7.38 2.21 0.09 -0.99 685
474
ROE (%) 2.25 9.65 2.75 0.10 -1.18
GPM (%) 15.18 29.54 14.99 5.84 -6.17 200 26 Jun-17
OPM (%) 7.61 24.03 10.10 2.45 -9.38
2013 2014 2015 2016
NPM (%) 4.19 16.60 6.39 0.33 -7.36
-286
-286
Payout Ratio (%) 63.15 57.42 - - -
Yield (%) 1.14 3.42 - - -

COMPANY REPORT
INDF
INDOFOOD SUKSES MAKMUR TBK.
Company Profile
PT Indofood Sukses Makmur Tbk was established on August 14, 1990 under its original
namePTPanganjayaIntikusuma.
PT Indofood Sukses Makmur Tbk. is a leading Total Food Solutions Company with
operation spanning from the production of raw materials and their processing, to
consumerproductsinthemarket.Indofoodcapitalizesonitsresilientbusinessmodelwith
5complementaryStrategicBusinessGroups:
Consumer Branded Products. Its business activities are conducted by PT Indofood CBP
Sukses Makmur Tbk., which was listed on the Indonesia Stock Exchange from 7 October
2010.ICBPisoneoftheleadingconsumerbrandedproductproducersinIndonesia,witha
wide range of consumer products. In 2013, ICBP started its nonalcoholic beverage
business,andhascurrentportfolioofreadytodrinktea,packagedwater,carbonatedsoft
drinksandfruitjuicedrinks.
Bogasari. The Group is primarily a producer of wheat flour and pasta, with business
operationssupportedbyitsownshippingandpackagingunits.
Agribusiness. The Group is led by Indofood Agri Resources Ltd., listed on the Singapore
StockExchange.BothofIndoAgrissubsidiaries,PTSalimIvomasPratamaTbk.andPTPP
London Sumatra Indonesia Tbk., are listed on the IDX. The Groups principal business
activities range from research and development, seed breeding, oil palm cultivation and
milling to the production and marketing of branded cooking oils, margarine and
shortening. In 2013, IndoAgri initiated expansion of its global business through equity
investmentinthesugarbusinessinBrazilandthePhilippines.
Distribution. With the most extensive distribution network in Indonesia, this Group
distributes the majority of Indofoods and its subsidiaries consumer products as well as
otherthirdpartyproducts.
Cultivation & Processed Vegetables. This Group activities are conducted by China
Minzhong Food Corporation Limited, which is listed on the SGX and is an integrated
vegetableprocessingcompanyinthePeople'sRepublicofChina.
AsofJune30th,2017,theGrouphasatotalof84,050employees
August 2017
Disclaimer:

INDF Indofood Sukses Makmur Tbk. [S]
Industry Sub Sector : Food And Beverages (51) Market Capitalization : 73,536,071,937,500
14 | 73.5T | 1.15% | 53.94%
12 | 23.4T | 1.25% | 46.56%

Established Date : 14-Aug-1990 1. CAB Holdings Limited 4,396,103,450 : 50.07%
Under Writer IPO :
PT Merincorp DIVIDEND ANNOUNCEMENT
F/I
Plaza Central Building 2nd Fl. 1994 58.00 21-Jul-95 24-Jul-95 01-Aug-95 31-Aug-95 F
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1995 80.00 11-Jul-96 12-Jul-96 22-Jul-96 21-Aug-96 F
Fax : (021) 252-5028 2000 18.00 11-Jul-01 12-Jul-01 17-Jul-01 31-Jul-01 F
2001 25.00 09-Jul-02 10-Jul-02 15-Jul-02 29-Jul-02 F
1. Manuel Velez Pangilinan 2003 28.00 15-Jul-04 16-Jul-04 20-Jul-04 02-Aug-04 F
2. Adi Pranoto Leman *) 2005 17.50 26-Aug-05 29-Aug-05 31-Aug-05 15-Sep-05
3. Bambang Subianto *) 2005 5.00 20-Jul-06 21-Jul-06 25-Jul-06 08-Aug-06 F
4. Benny Setiawan Santoso 2006 31.00 27-Jul-07 30-Jul-07 01-Aug-07 15-Aug-07 F
5. Christopher Huxley Young 2007 43.00 12-Aug-08 13-Aug-08 15-Aug-08 27-Aug-08 F
6. Edward Anthony Tortorici 2008 47.00 02-Jul-09 03-Jul-09 07-Jul-09 22-Jul-09 F
7. Robert Charles Nicholson 2009 93.00 19-Jul-10 20-Jul-10 22-Jul-10 05-Aug-10 F
8. Utomo Josodirdjo *) 2010 133.00 26-Jul-11 27-Jul-11 29-Jul-11 09-Aug-11 F
*) Independent Commissioners 2011 175.00 17-Jul-12 18-Jul-12 20-Jul-12 03-Aug-12 F
2012 185.00 17-Jul-13 18-Jul-13 22-Jul-13 02-Aug-13 F
1. Anthoni Salim 2014 220.00 18-May-15 19-May-15 21-May-15 11-Jun-15 F
2. Axton Salim 2015 168.00 10-Jun-16 13-Jun-16 15-Jun-16 28-Jun-16 F
3. Darmawan Sarsito (Kevin Sietho) 2016 235.00 09-Jun-17 12-Jun-17 14-Jun-17 06-Jul-17 F
4. Franciscus Welirang
5. Joedianto Soejonopoetro ISSUED HISTORY
6. Joseph Bataona Listing Trading
7. Moleonoto (Paulus Moleonoto) No. Type of Listing Shares Date Date
8. Taufik Wiraatmadja 1. First Issue 21,000,000 14-Jul-94 14-Jul-94
9. Tjhie Tje Fie (Thomas Tjhie) 2. Founders Shares 742,000,000 T: 14-Jul-94 : 08-Feb-95
10. Werianty Setiawan 3. Stock Split 8,087,800,000 T: 12-Aug-96 : 29-Sep-00
4. Right Issue 305,200,000 24-Apr-97 24-Apr-97
AUDIT COMMITTEE 5. Option Conversion 287,269,500 T: 07-May-02 : 12-Jun-03
1. Utomo Josodirdjo 6. Option III Conversion 919,500 T: 06-Feb-04 : 24-May-04
2. Adi Pranoto Leman 7. Buy Back -663,762,500 28-Oct-08 28-Oct-08
3. Hendra Susanto
CORPORATE SECRETARY
Elly Putranti
HEAD OFFICE
Sudirman Plaza, Indofood Tower 27th Fl.
Jakarta 12190
Phone : (021) 5795-8822
Fax : (021) 5793-7373
Homepage : www.indofood.com
Email : elly.putranti@indofood.co.id

TRADING ACTIVITIES
Indofood Sukses Makmur Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
10,000 160 Jan-13 6,200 5,750 6,050 28,192 381,477 2,293,129 21
Feb-13 7,300 5,950 7,300 28,087 302,233 1,969,793 20
8,750 140 Mar-13 8,000 7,100 7,450 30,888 288,028 2,147,746 19
Apr-13 7,600 7,200 7,350 19,978 246,584 1,832,014 22
May-13 7,850 7,000 7,350 31,881 370,021 2,741,321 22
7,500 120
Jun-13 7,450 6,150 7,350 38,863 314,861 2,148,930 19
Jul-13 7,400 6,450 6,500 30,651 217,023 1,503,617 23
6,250 100
Aug-13 7,050 5,350 6,500 28,933 192,419 1,192,526 17
Sep-13 7,200 5,750 7,050 33,670 233,737 1,537,090 21
5,000 80
Oct-13 7,450 6,600 6,650 33,020 303,938 2,126,484 21
Nov-13 6,850 6,200 6,650 31,088 195,086 1,283,220 20
3,750 60 Dec-13 6,850 6,250 6,600 23,609 161,902 1,067,696 19
2,500 40 Jan-14 7,350 6,550 6,975 39,285 194,431 1,339,609 20

Feb-14 7,175 6,825 7,175 35,519 171,841 1,205,017 20
1,250 20 Mar-14 7,800 6,900 7,300 44,656 280,916 2,058,174 20
Apr-14 7,475 6,900 7,050 41,446 221,397 1,587,966 20
May-14 7,150 6,700 6,825 41,676 277,765 1,926,273 18
Jun-14 6,950 6,700 6,700 41,644 173,202 1,181,682 21
Jul-14 7,150 6,700 7,075 44,580 206,306 1,441,386 18
Aug-14 7,200 6,875 6,875 41,427 169,528 1,191,886 20
Sep-14 7,125 6,825 7,000 41,539 220,047 1,542,026 22
January 2013 - July 2017 Dec-14 6,775 6,325 6,750 41,362 214,262 1,410,046 20
90%
Jan-15 7,725 6,850 7,550 59,020 454,670 3,360,218 21
75% Feb-15 7,675 7,250 7,400 38,795 183,393 1,357,302 19
Mar-15 7,550 7,300 7,450 54,233 329,852 2,445,636 22
60% Apr-15 7,500 6,475 6,750 41,210 220,479 1,599,979 21
55.8% May-15 7,400 6,600 7,300 59,010 287,107 2,003,105 19
45% Jun-15 7,250 6,425 6,575 51,699 152,355 1,030,242 21
44.4%
Jul-15 6,750 5,775 6,100 44,219 169,619 1,074,125 19
34.4% Aug-15 6,325 4,560 5,300 66,387 264,443 1,448,909 20
30%
Sep-15 5,575 4,845 5,500 51,705 161,241 833,125 21
Oct-15 6,425 5,275 5,525 52,746 189,030 1,106,788 21
15%
Nov-15 6,100 4,875 4,875 59,131 178,196 965,686 21
Dec-15 5,300 4,840 5,175 51,839 174,809 889,022 19
-
Jan-16 6,200 5,175 6,200 54,060 245,954 1,402,717 20

-15% Feb-16 7,250 6,050 7,050 49,174 194,555 1,287,771 20
Mar-16 7,575 6,800 7,225 67,818 292,582 2,112,209 21
-30% Apr-16 7,300 6,800 7,125 38,431 173,600 1,240,617 21
Jun-16 7,400 6,875 7,250 51,200 193,240 1,382,192 22
Jul-16 8,725 6,975 8,325 46,898 227,720 1,735,739 16
Days 244 242 244 246 135 Dec-16 8,125 7,200 7,925 54,497 217,445 1,672,999 20
Price (Rupiah) Jan-17 8,150 7,700 7,925 44,461 130,722 1,036,766 21

High 8,000 7,800 7,725 9,200 9,000 Feb-17 8,200 7,875 8,125 31,002 148,451 1,188,765 19
Low 5,350 6,325 4,560 5,175 7,700 Mar-17 8,525 7,875 8,000 55,584 235,935 1,905,664 22
Close 6,600 6,750 5,175 7,925 8,375 Apr-17 8,525 7,925 8,375 35,597 192,281 1,571,623 17
Close* 6,600 6,750 5,175 7,925 8,375 May-17 9,000 8,300 8,750 47,376 258,980 2,217,485 20
Jun-17 8,950 8,300 8,600 41,418 259,018 2,213,387 15
PER (X) 23.14 14.67 15.31 16.11 15.67 Jul-17 8,800 8,250 8,375 44,875 146,573 1,266,372 21
PER Industry (X) 15.98 24.22 17.71 23.77 7.46
PBV (X) 1.51 1.45 1.05 1.55 1.65

Receivables 4,959,416 4,339,670 5,116,610 5,204,517 7,512,458

8,160,539 8,454,845 7,627,360 8,469,821 8,506,110 80,000
Inventories
Current Assets 32,464,497 40,995,736 42,816,745 28,985,443 35,030,940
60,000
Fixed Assets 23,027,913 22,011,488 25,096,342 25,701,913 26,757,364
Other Assets 2,748,446 1,702,988 1,529,983 3,479,254 3,266,821
40,000
Total Assets 78,092,789 85,938,885 91,831,526 82,174,515 89,777,796
Growth (%) 10.05% 6.86% -10.52% 9.25% 20,000

Growth (%) 12.57% 8.95% -21.51% 18.53%
43,122 43,941
Paid up Capital 878,043 878,043 878,043 878,043 878,043 44,459 41,228
38,373
Par Value 100 100 100 100 100
35,390

26,320
Total Equity 38,373,129 41,228,376 43,121,593 43,941,423 44,459,468

Growth (%) 7.44% 4.59% 1.90% 1.18% 17,250
Total Revenues 57,731,998 63,594,452 64,061,947 66,750,317 35,651,851

Growth (%) 10.15% 0.74% 4.20%
-889
2013 2014 2015 2016 Jun-17
Cost of Revenues 43,402,144 46,544,646 46,803,889 47,321,877 25,444,238

Gross Profit 14,329,854 17,049,806 17,258,058 19,428,440 10,207,613
Expenses (Income) 7,611,873 9,841,074 9,895,163 11,143,433 5,646,927
63,594 64,062
Growth (%) 7.31% 2.14% 12.52% 57,732
53,133
Other Income (Expenses) -2,051,023 -979,435 -2,400,811 -899,779 -383,836

35,652
Tax 1,252,072 1,828,217 1,730,371 2,532,747 1,102,146

Growth (%) 50.63% -27.92% 41.98%

12,282
Current Ratio (%) 166.73 180.74 170.53 150.81 145.97
5,146 5,267
Dividend (Rp) 142.00 220.00 168.00 235.00 - 5,267
EPS (Rp) 285.16 442.50 338.02 472.02 258.66

BV (Rp) 4,370.30 4,695.49 4,911.10 5,004.47 5,063.47 4,192
3,710
3,417
DAR (X) 0.51 0.52 0.53 0.47 0.50 3,075
1.04 1.08 1.13 0.87 1.02
3,118
DER(X)
ROA (%) 4.38 5.99 4.04 6.41 3.42 2,044
ROE (%) 8.90 12.48 8.60 11.99 6.92

GPM (%) 24.82 26.81 26.94 29.11 28.63 969
OPM (%) 11.64 11.34 11.49 12.41 12.79

NPM (%) 5.92 8.09 5.79 7.89 8.62
-105
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 49.80 49.72 49.70 49.79 -
Yield (%) 2.15 3.26 3.25 2.97 -

CC O
OMM PP AA N
N YY RR EE PP O
O RR TT
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.HeidelbergCementAGis
theultimateparentcompanyoftheGroup.

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,cementdistribution
PTIndomixPerkasa,readymixconcretemanufacturing
PTSariBhaktiSejati,investmentcompany
PTMakmurAbadiPerkasaMandiri,investmentcompany
PTLenteraAbadiSejahtera,investmentcompany.

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

TheGrouphadatotalof6,362permanentemployeesasofJune30th,2017.
August 2017
Disclaimer:

INTP Indocement Tunggal Prakarsa Tbk. [S]
Industry Sub Sector : Cement (31) Market Capitalization : 64,421,554,732,500
16 | 64.4T | 1.01% | 55.96%
28 | 14.0T | 0.75% | 61.70%

Established Date : 16-Jan-1985 1. Birchwood Omnia Limited 1,877,480,863 : 51.00%
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
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
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
1. Kevin Gluskie 1996 10:3 08-Sep-97 09-Sep-97 17-Sep-97 30-Sep-97 B
2. Albert Scheuer 2005 50.00 19-Jul-06 20-Jul-06 24-Jul-06 07-Aug-06 F
3. Bernd Scheifele 2006 30.00 27-Jun-07 28-Jun-07 02-Jul-07 16-Jul-07 I
4. Daniel Lavalle *) 2007 40.00 05-Jun-08 06-Jun-08 10-Jun-08 24-Jun-08 F
5. Lorenz Naeger 2008 150.00 02-Jun-09 03-Jun-09 05-Jun-09 19-Jun-09 F
6. Simon Subrata *) 2009 225.00 21-Jun-10 22-Jun-10 24-Jun-10 07-Jul-10 F
7. Tedy Djuhar *) 2010 263.00 17-Jun-11 20-Jun-11 22-Jun-11 07-Jul-11 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. David Jonathan Clarke 2016 929.00 30-May-17 31-May-17 05-Jun-17 22-Jun-17 F
4. Franciscus Welirang
5. Hasan Imer ISSUED HISTORY
6. Juan Francisco Defalque Listing Trading
7. Kuky Permana No. Type of Listing Shares Date Date
8. Ramakanta Bhattacharjee 1. First Issue 89,832,150 05-Dec-89 05-Dec-89
9. Troy Dartojo Soputro 2. Koperasi 6,000,000 T: 26-Jun-92 : 31-Dec-99
3. Founders Shares 946,119 T: 07-Mar-94 : 02-Sep-94
AUDIT COMMITTEE 4. Convertible Bonds 8,555,640 T: 07-Mar-94 : 10-Nov-94
1. I Nyoman Tjager 5. Bonus Shares 599,790,020 T: 12-Sep-94 : 26-Sep-94
2. Jusuf Halim 6. Company Listing 502,102,731 12-Sep-94 12-Sep-94
3. Lindawati Gani 7. Stock Split 1,207,226,660 02-Sep-96 02-Sep-96
8. Additional Listing 69,863,127 09-Jan-01 09-Jan-01
CORPORATE SECRETARY 9. Right Issue 1,196,907,072 24-Apr-01 24-Apr-01
Oey Marcos 10. Warrant 8,180 12-May-03 12-May-03
HEAD OFFICE
Wisma Indocement 8th Fl.
Jakarta
Phone : (021) 251-0057, 570-3817
Fax : (021) 570-1693, 251-0066
Homepage : www.indocement.com
Email : corpsec@indocement.co.id

TRADING ACTIVITIES
Indocement Tunggal Prakarsa Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
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
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
Basic Industry and Chemicals Index Nov-14 24,975 22,475 24,675 37,852 62,863 1,508,616 20
January 2013 - July 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
34.4%
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
15% 17.0% 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
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
-20.1%
Dec-15 22,800 19,025 22,325 37,676 33,403 693,474 19
-30%
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
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
Volume (Million Sh.) 955 874 991 1,111 318 Sep-16 18,400 16,900 17,350 38,832 41,799 737,059 21
Days 244 242 244 246 135 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 19,000 Feb-17 16,100 15,100 15,150 24,219 24,366 378,430 19
Low 16,500 19,825 16,000 14,275 14,600 Mar-17 16,875 15,175 16,600 32,509 53,083 845,082 22
Close 20,000 25,000 22,325 15,400 17,500 Apr-17 17,200 15,975 16,950 20,014 36,865 610,964 17
Close* 20,000 25,000 22,325 15,400 17,500 May-17 19,000 15,800 18,500 47,567 85,381 1,523,427 20
Jun-17 18,775 17,500 18,450 35,966 46,831 852,149 15
PER (X) 14.69 18.57 18.86 13.51 33.04 Jul-17 18,975 17,150 17,500 33,868 47,917 863,926 21
PER Industry (X) 6.83 16.60 4.10 20.86 9.66
PBV (X) 3.20 3.96 3.44 2.23 2.44

Receivables 2,518,588 2,670,993 2,534,690 2,616,979 2,473,291

1,473,645 1,665,546 1,521,197 1,780,410 2,020,870 25,000
Inventories
Current Assets 16,846,248 16,086,773 13,133,854 14,424,622 11,680,755
18,750
Fixed Assets 9,304,992 12,143,632 13,813,892 14,643,695 14,570,853
Other Assets 324,750 421,823 398,265 453,899 465,694
12,500
Total Assets 26,607,241 28,884,973 27,638,360 30,150,580 27,293,770
Growth (%) 8.56% -4.32% 9.09% -9.48% 6,250

Long Term Liabilities 889,465 839,613 1,084,667 824,135 806,667 2013 2014 2015 2016 Jun-17
Growth (%) 12.97% -7.99% 6.35% -8.46%
Paid up Capital 1,840,616 1,840,616 1,840,616 1,840,616 1,840,616 30,151
22,978 23,621
Par Value 500 500 500 500 500
24,000

22,977,687 24,784,801 23,865,950 30,150,580 23,621,349
17,849
Total Equity
Growth (%) 7.86% -3.71% 26.33% -21.66% 11,698
Total Revenues 18,691,286 19,996,264 17,798,055 15,361,894 6,543,718

Growth (%) 6.98% -10.99% -13.69%
-603
2013 2014 2015 2016 Jun-17
Cost of Revenues 10,036,632 10,909,595 9,888,919 9,030,433 4,302,495

Gross Profit 8,654,654 9,086,669 7,909,136 6,331,461 2,241,223
Expenses (Income) 2,590,554 3,111,676 2,852,206 2,686,866 1,346,589
Operating Profit 6,064,100 5,974,993 5,056,930 3,644,595 894,634 19,996
18,691
-1.47% -15.37% -27.93% 17,798
Growth (%)
19,996
15,362
15,917
Other Income (Expenses) 531,054 814,609 588,181 501,784 242,167

Tax 1,582,860 1,515,593 1,288,450 747 234,961

6,544
Profit for the period 5,012,294 5,274,009 4,356,661 3,870,319 901,840 7,759
Growth (%) 5.22% -17.39% -11.16%

3,679
Period Attributable 5,010,240 5,270,872 4,356,661 3,870,319 901,840 -400
Comprehensive Income 5,217,953 5,153,776 4,258,600 3,800,464 902,510 2013 2014 2015 2016 Jun-17
Current Ratio (%) 614.81 493.37 488.66 452.50 407.60
5,274
Dividend (Rp) 900.00 1,350.00 415.00 929.00 - 5,274
5,012
EPS (Rp) 1,361.02 1,431.82 1,183.48 1,051.37 244.98 4,357

3,870
BV (Rp) 6,241.85 6,732.75 6,483.14 8,190.35 6,416.70 4,198
DAR (X) 0.14 0.14 0.14 0.13 0.13

DER(X) 0.16 0.17 0.16 0.13 0.16
3,122
ROA (%) 18.84 18.26 15.76 12.84 3.30 2,046
ROE (%) 21.81 21.28 18.25 12.84 3.82

902
GPM (%) 46.30 45.44 44.44 41.22 34.25 970
OPM (%) 32.44 29.88 28.41 23.72 13.67

NPM (%) 26.82 26.37 24.48 25.19 13.78
-105
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 66.13 94.29 35.07 88.36 -
Yield (%) 4.50 5.40 1.86 6.03 -

C
COOM
M PP A
ANN YY RR EE PP O
O RR TT
JSMR
JASA MARGA (PERSERO) TBK.
Company Profile
PT Jasa Marga (Persero) Tbk was established under the Government Regulation of the
Republic of Indonesia No. 4 Year 1978 regarding the State Capital Investment for the
establishment of a StateOwned Company (Persero) in the area of management,
maintenance and development of toll roads, and the detailed management regulations.
TheCompanystarteditscommercialoperationsin1978.
Jasa Marga is a state owned company with the line business of planning, constructing,
operatingandmaintainingtollroadsalongwithdevelopingandmaximizingtheuseofland
in toll road areas and other related businesses. Jasa Margas business characteristics are
defensiveandresistanttofluctuatedconditionofglobaleconomy.
AddingnewtollroadconcessionsisJasaMargasmainstrategicplan.Currently,JasaMarga
has added 18 new toll road concessions with the total length of 600 km, through its
subsidiaries, in which Jasa Marga is the major shareholder. As total, Jasa Marga will
manage1260kmofconcessionbytheendof2019.ThiswillmaintainJasaMargasposition
asthemarketleaderintollroadindustryinIndonesia,wherecurrently,asof30June2017,
theCompanyoperates600kmor61%ofthemarketshareintermsoftollroadlengthand
80%ofthecountrystollroadsaveragedailytraffic.
TheCompanystargettoadditsoperatingtollroadsin2017wassuccessfullyachievedwith
theoperationofonetollroadsectionsinthefirstsemesterof2017,i.e.GempolPasuruan
Toll Road (7 km) to prove the commitment of the Company to constantly adding its
operatingtollroadsandmaintainingitspositiontokeepdominatingthemarketshareof
toll roads in Indonesia. In the second semester of 2017, the Company has targeted to
operate two additional toll road sections: GempolPasuruan Toll Road Section Gempol
Bangil(6.8km)andsectionRembangPasuruan(6.6km),alsolastsectionofSemarangSolo
TollRoadsectionBawenSalatiga(17.50km),andSurabayaMojokertoSectionSepanjang
Krian (15.5 km), MedanKualanamuTebing Tinggi Toll Road (41.69 km), SoloNgawi Toll
Road(90.25km)andNgawiKertosono(49.51km).
Goingforward,theCompanysbusinessprospectwillberobustasitissupportedbynew
concessions with sound financial feasibility that is integrated with existing concession
portfolio,strongandtrustedfinancialstructure,aswellasassetsutilizationinprospective
businesses,which,inturnwillsupporttheCompanyssustainablegrowth..
TheCompanyanditssubsidiarieshad8,211permanentemployeesasofJune30th,2017.
August 2017
Disclaimer:

JSMR JasaMarga(Persero)Tbk.
Industry Sub Sector : Toll Road, Airport, Harbor And Allied Products (72) Market Capitalization : 42,458,546,520,000
23 | 42.5T | 0.66% | 61.77%
40 | 10.5T | 0.56% | 69.32%

Under Writer IPO :
F/I
PT Mandiri Sekuritas Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2007 14.31 21-May-08 22-May-08 26-May-08 29-May-08 F
PT Datindo Entrycom 2008 52.00 18-Jun-09 19-Jun-09 23-Jun-09 07-Jul-09 F
Wisma Sudirman - Puri Datindo 2009 87.91 28-Jun-10 29-Jun-10 01-Jul-10 15-Jul-10 F
Fax : (021) 570-9026 2012 94.24 29-May-13 30-May-13 03-Jun-13 18-Jun-13 F
2013 78.61 04-Apr-14 07-Apr-14 10-Apr-14 23-Apr-14 F
BOARD OF COMMISSIONERS 2015 43.13 06-Apr-16 07-Apr-16 11-Apr-16 29-Apr-16 F
1. Refly Harun *) 2016 78.09 22-Mar-17 23-Mar-17 27-Mar-17 13-Apr-17 F
2. Agus Suharyono
3. Boediarso Teguh Widodo ISSUED HISTORY
4. Muhammad Sapta Murti Listing Trading
5. Sigit Widyawan *) No. Type of Listing Shares Date Date
6. Sugihardjo 1. First Issue 2,040,000,000 12-Nov-07 12-Nov-07
*) Independent Commissioners 2. Negara RI (Seri A) 1 12-Nov-07 12-Nov-07
3. Company Listing 4,759,999,999 12-Nov-07 10-May-08
BOARD OF DIRECTORS 4. Right Issue I 8,326,610 07-Dec-16 07-Dec-16
1. Desi Arryani 5. Right Issue I 12,081,825 08-Dec-16 08-Dec-16
2. Donny Arsal 6. Right Issue I 331,269,578 09-Dec-16 09-Dec-16
3. Hasanudin 7. Right Issue I 64,014,959 13-Dec-16 13-Dec-16
4. Kushartanto Koeswiranto 8. Right Issue I 34,740,139 14-Dec-16 14-Dec-16
5. Mohammad Sofyan 9. Right Issue I 7,438,089 16-Dec-16 16-Dec-16
6. Subakti Syukur
AUDIT COMMITTEE
1. Sigit Widyawan
2. Agita Widjajanto
3. Teguh Indra Prasetyo
CORPORATE SECRETARY
Mohamad Agus Setiawan
HEAD OFFICE
Plaza Tol Taman Mini Indonesia Indah
Jakarta - 13550
Phone : (021) 841-3630
Fax : (021) 840-1533, 841-3540
Homepage : www.jasamarga.com
Email : sekper@jasamarga.co.id
jasmar@jasamarga.com
agus.setiawan@jasamarga.co.id

JSMR Jasa Marga (Persero) Tbk.
TRADING ACTIVITIES
Jasa Marga (Persero) Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
7,200 64.0 Jan-13 5,700 5,100 5,500 17,310 287,693 1,560,093 21
Feb-13 5,650 5,400 5,550 13,401 204,434 1,133,501 20
6,300 56.0 Mar-13 5,950 5,600 5,950 15,101 195,334 1,128,937 19
Apr-13 6,750 5,900 6,700 14,419 221,969 1,418,115 22
May-13 6,950 6,500 6,700 17,482 146,129 973,809 22
5,400 48.0
Jun-13 6,800 5,700 6,050 25,472 256,837 1,596,449 19
Jul-13 6,400 5,200 5,350 20,579 159,785 952,854 23
4,500 40.0
Aug-13 6,150 5,300 5,450 18,323 152,358 868,013 17
Sep-13 5,850 5,050 5,200 19,992 204,787 1,144,362 21
3,600 32.0
Oct-13 5,800 5,250 5,250 17,277 166,818 927,029 21
Nov-13 5,450 4,825 5,100 22,103 154,529 793,812 20
2,700 24.0 Dec-13 5,350 4,525 4,725 18,175 149,099 732,436 19
1,800 16.0 Jan-14 5,450 4,400 5,175 32,974 182,407 906,070 20

Feb-14 5,525 4,975 5,375 30,448 196,866 1,037,649 20
900 8.0 Mar-14 6,025 4,750 6,000 31,058 234,470 1,337,548 20
Apr-14 6,175 5,700 5,900 31,308 206,360 1,240,359 20
May-14 6,175 5,850 5,875 21,239 110,940 669,436 18
Jun-14 6,050 5,800 5,975 22,644 90,733 540,393 21
Jul-14 6,500 5,925 6,425 30,588 211,439 1,322,874 18
Aug-14 6,625 6,100 6,200 32,799 94,443 594,250 20
Sep-14 6,475 6,150 6,450 23,935 106,343 677,115 22
Infrastructure, Utilities and Transportation Index Nov-14 7,075 6,325 6,750 25,934 202,949 1,345,264 20
January 2013 - July 2017 Dec-14 7,050 6,675 7,050 28,826 94,777 653,785 20
40%
34.4% Jan-15 7,250 6,925 7,200 27,993 127,295 896,176 21
33.8%
30% Feb-15 7,225 6,900 7,100 29,950 129,358 914,804 19
Mar-15 7,200 6,975 7,200 30,454 144,110 1,022,917 22
20% Apr-15 7,200 5,950 6,200 35,427 198,482 1,328,552 21
May-15 6,600 6,000 6,475 31,326 126,120 799,480 19
10% Jun-15 7,000 5,275 5,475 45,083 161,045 943,906 21
5.7% Jul-15 6,075 5,400 5,725 31,791 124,582 722,452 19
Aug-15 5,750 4,810 5,150 34,465 98,686 519,567 20
-
Sep-15 5,400 4,680 4,825 34,158 119,965 617,427 21
Oct-15 5,625 4,750 4,840 51,457 194,115 1,001,768 21
-10%
Nov-15 5,200 4,500 4,500 42,147 166,593 812,075 21
Dec-15 5,250 4,575 5,225 48,841 129,847 631,845 19
-20%
Jan-16 6,075 4,995 5,750 38,605 209,808 1,185,959 20

-30% Feb-16 6,250 5,200 5,300 52,098 236,731 1,357,849 20
Mar-16 5,700 5,200 5,400 46,990 151,782 828,299 21
-40% Apr-16 5,575 5,250 5,450 29,037 77,850 418,771 21
Jun-16 5,575 4,990 5,275 38,948 100,784 533,131 22
Jul-16 5,650 5,125 5,325 32,745 110,641 599,531 16
Days 244 242 244 246 135 Dec-16 4,570 4,110 4,320 51,067 248,754 1,084,481 20
Price (Rupiah) Jan-17 4,390 4,150 4,220 39,547 102,208 433,704 21

High 6,950 7,075 7,250 6,250 5,850 Feb-17 4,990 4,210 4,780 62,258 236,304 1,099,374 19
Low 4,525 4,400 4,500 3,900 4,150 Mar-17 4,820 4,430 4,620 50,791 178,322 822,384 22
Close 4,725 7,050 5,225 4,320 5,850 Apr-17 4,740 4,400 4,640 37,316 142,206 654,218 17
Close* 4,714 7,034 5,213 4,320 5,850 May-17 5,250 4,550 5,250 43,430 226,129 1,110,351 20
Jun-17 5,450 4,980 5,350 23,197 141,013 732,293 15
PER (X) 24.04 34.16 24.51 18.04 18.90 Jul-17 5,850 5,150 5,850 37,302 157,391 849,540 21
PER Industry (X) 12.11 20.04 9.49 8.16 15.40
PBV (X) 2.96 4.20 2.87 2.26 2.52

JSMR Jasa Marga (Persero) Tbk.
Receivables 177,198 148,829 164,374 8,278,539 11,956,713

- - 20,154 86,975 131,094 60,000
Inventories
Current Assets 3,746,345 3,641,372 3,729,047 12,965,884 17,337,451
45,000
Fixed Assets 593,028 701,727 913,843 884,666 990,885
Other Assets 130,965 121,561 1,007,135 882,977 1,211,011
30,000
Total Assets 28,366,345 31,857,948 36,724,982 53,500,323 65,812,047
Growth (%) 12.31% 15.28% 45.68% 23.01% 15,000

Growth (%) 16.76% 19.20% 52.57% 29.04%
Paid up Capital 3,400,000 3,400,000 3,400,000 3,400,000 3,628,936 17,858
16,339
Par Value 500 500 500 500 500 12,369
14,215
10,867 11,425
10,866,980 11,424,996 12,368,664 16,338,840 17,857,968
10,572
Total Equity
Growth (%) 5.13% 8.26% 32.10% 9.30% 6,929
Total Revenues 10,294,668 9,175,319 9,848,242 16,661,403 13,098,026

Growth (%) -10.87% 7.33% 69.18%
-357
2013 2014 2015 2016 Jun-17
Cost of Revenues - - 5,720,422 11,805,012 10,619,009

Gross Profit - - 4,127,820 4,856,391 2,479,017
Expenses (Income) 7,631,490 6,131,283 650,155 690,884 70,856
Growth (%) 14.30% 14.25% 19.78%

16,661
13,098
13,262
Other Income (Expenses) -948,522 -1,222,062 -1,409,361 -1,515,828 -972,339 10,295 9,848
9,175
Tax 476,835 606,642 749,104 846,625 475,617

Growth (%) -1.82% 8.55% 36.68%

3,066
Current Ratio (%) 76.15 84.43 48.16 69.61 114.19
1,803
Dividend (Rp) 78.61 - 43.13 78.09 -
EPS (Rp) 196.52 206.39 213.14 260.40 133.37
1,319
BV (Rp) 1,598.09 1,680.15 1,818.92 2,402.77 2,460.50 1,435
1,238 1,215
DAR (X) 0.62 0.64 0.66 0.69 0.73
960
DER(X) 1.61 1.79 1.97 2.27 2.69
1,067
ROA (%) 4.36 3.81 3.59 3.37 1.46 700
ROE (%) 11.39 10.64 10.67 11.04 5.38

GPM (%) - - 41.91 29.15 18.93 332
OPM (%) 25.87 33.18 35.31 25.00 18.39

NPM (%) 12.02 13.25 13.40 10.82 7.33
-36
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 40.00 - 20.24 29.99 -
Yield (%) 1.66 - 0.83 1.81 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
KLBF
KALBE FARMA TBK.
Company Profile
PTKalbeFarmaTbk.wasestablisheddatedSeptember10th,1966,withintheframeworkof
theDomesticCapitalInvestmentLaw.

ThescopeofactivitiesoftheCompanycomprises,amongothers,pharmaceuticals,trading
and representative. Currently, the Company is primarily engaged in the development,
manufacturing, and trading of pharmaceuticals preparation including medicines and
consumerhealthproducts.TheCompanystarteditscommercialoperationsin1966.

TheSubsidiariesareengagedin:
ThePharmaceutical:PTBintangToedjoe,PTHexpharmJayaLaboratories,PTSakaFarma
Laboratories, PT Finusolprima Farma Internasional, PT Bifarma Adiluhung, Innogene
KalbiotechPte.Ltd.,PTDankosFarma,PTPharmaMetricLabs.,PTKalGenDNA,PTKalbio
GlobalMedika,PTKalbeGenexineBiologics,PTInnolabSainsnternasional.
Health Foods and Drinks: PT Sanghiang Perkasa, PT Kalbe Morinaga Indonesia, PT Hale
International,PTKalbeMilkoIndonesia.
SaleandDistribution:PTEnsevalPuteraMegatradingTbk.,PTTriSaptaJaya,PTMillenia
DharmaInsani,PTEnsevalMedikaPrima,PTGlobalChemindoMegatrading,PTRenalmed
Tiara Utama, PT Medika Renal Citraprima, Kalbe Vision Pte. Ltd., Kalbe International Pte.
Ltd.,AsiawideKalbePhilippinesInc.,PTKarsaLintasBuwana,KalbeMalaysiaSdn.Bhd,PT
MedikaKomunikaTeknologi.

The Companys production plants is located at Kawasan Industri Delta Silicon, Jln. M.H.
Thamrin,BlockA31,LippoCikarang,Bekasi.

As of June 30th, 2017, the Company and its subsidiaries have total of 12,857 permanent
employees.
August 2017
Disclaimer:

KLBF Kalbe Farma Tbk. [S]
Industry Sub Sector : Pharmaceuticals (53) Market Capitalization : 81,328,336,860,850
13 | 81.3T | 1.27% | 52.79%
30 | 12.9T | 0.68% | 63.12%

Established Date : 10-Sep-1966 1. PT Gira Sole Prima 4,774,709,485 : 10.19%
Listing Date : 30-Jul-1991 2. PT Santa Seha Sanadi 4,527,734,940 : 9.66%
Under Writer IPO : 3. PT Diptanala Bahana 4,454,807,040 : 9.50%
PT Merincorp 4. PT Lucasta Murni Cemerlang 4,439,895,440 : 9.47%
PT Niaga Securities 5. PT Ladang Ira Panen 4,326,289,540 : 9.23%
Securities Administration Bureau : 6. PT Bina Artha Charisma 4,063,459,440 : 8.67%
PT Adimitra Jasa Korpora 7. Public (<5%) 20,288,226,225 : 43.28%
Rukan Kirana Boutique Office
Jln. Kirana Avenue III Blok F3 No. 5, Kelapa Gading, Jakarta Utara DIVIDEND ANNOUNCEMENT
Phone : (021) 2974-5222 Bonus Cash Recording Payment
F/I
Fax : Year Shares Dividend Cum Date Ex Date Date Date
1991 200.00 16-Apr-92 20-Apr-92 27-Apr-92 29-May-92 F
BOARD OF COMMISSIONERS 1991 1: 1 20-Oct-92 21-Oct-92 28-Oct-92 16-Nov-92 B
1. Johannes Setijono 1992 60.00 09-Dec-92 10-Dec-92 17-Dec-92 15-Jan-93 I
2. Farid Anfasa Moeloek *) 1992 70.00 30-Jun-93 01-Jul-93 08-Jul-93 06-Aug-93 F
3. Ferdinand Aryanto 1993 10 : 3 & 10 : 7 75.00 07-Jun-94 08-Jun-94 15-Jun-94 15-Jul-94 F
4. Johanes Berchman Apik Ibrahim *) 1994 50.00 29-Aug-94 30-Aug-94 06-Sep-94 06-Oct-94 I
5. Lucky Surjadi Slamet *) 1994 85.00 10-Jul-95 11-Jul-95 19-Jul-95 18-Aug-95 F
6. Ronny Hadiana 1995 115.00 09-Jul-96 10-Jul-96 18-Jul-96 15-Aug-96 F
7. Santoso Oen 1996 75.00 23-Jul-97 24-Jul-97 01-Aug-97 29-Aug-97 F
*) Independent Commissioners 1999 2.00 10-Nov-00 13-Nov-00 20-Nov-00 06-Dec-00 F
1999 100 : 88 10-Nov-00 13-Nov-00 20-Nov-00 06-Dec-00 F
BOARD OF DIRECTORS 2002 2.00 25-Aug-03 26-Aug-03 28-Aug-03 11-Sep-03 F
1. Bernadette Ruth Irawaty Setiady 2003 1.00 16-Aug-04 18-Aug-04 20-Aug-04 03-Sep-04 F
2. Bujung Nugroho 2005 3.00 05-Jul-05 06-Jul-05 08-Jul-05 22-Jul-05
3. Djonny Hartono Tjahyadi 2006 10.00 14-Jun-07 15-Jun-07 19-Jun-07 03-Jul-07 I
4. Ongkie Tedjasurja 2007 10.00 31-Jul-08 01-Aug-08 05-Aug-08 20-Aug-08 F
5. Vidjongtius 2008 12.50 29-Jul-09 30-Jul-09 03-Aug-09 14-Aug-09 F
2009 25.00 15-Jul-10 16-Jul-10 20-Jul-10 30-Jul-10 F
AUDIT COMMITTEE 2010 70.00 27-Jun-11 28-Jun-11 01-Jul-11 13-Jul-11 F
1. Lucky Surjadi Slamet 2011 95.00 28-Jun-12 29-Jun-12 03-Jul-12 17-Jul-12 F
2. Kai Arief Iman Selomulya 2012 19.00 13-Jun-13 14-Jun-13 18-Jun-13 02-Jul-13 F
3. Kurniawan Tedjo 2013 17.00 13-Jun-14 16-Jun-14 18-Jun-14 02-Jul-14 F
2014 19.00 25-May-15 26-May-15 28-May-15 17-Jun-15 F
CORPORATE SECRETARY 2015 19.00 07-Jun-16 08-Jun-16 10-Jun-16 30-Jun-16 F
Vidjongtius 2016 22.00 12-Jun-17 13-Jun-17 15-Jun-17 07-Jul-17 F
HEAD OFFICE ISSUED HISTORY

Kalbe Building 3rd Fl. Listing Trading
Jln. Let. Jend. Suprapto Kav. 4, Cempaka Putih No. Type of Listing Shares Date Date
Jakarta 10510 1. First Issue 10,000,000 30-Jul-91 30-Jul-91
Phone : (021) 4287-3688, 89424-3908 2. Partial Listing 10,000,000 T: 30-Jul-91 : 30-Jan-92
Fax : (021) 428-73678 3. Koperasi 500,000 T: 27-Feb-92 : 31-Dec-99
4. Company Listing 29,500,000 29-Apr-92 29-Apr-92
Homepage : www.kalbe.co.id 5. Bonus Shares 2,026,400,000 T: 17-Nov-92 : 06-Dec-00
Email : Vidjongtius@kalbe.co.id 6. Right Issue 8,000,000 T: 14-May-93 : 25-Jun-93
7. Dividen Shares 32,400,000 18-Jul-94 18-Jul-94
8. Stock Split 6,004,800,000 T: 07-Oct-96 : 02-Jan-04
9. Additional Listing (Merger) 2,034,414,422 21-Dec-05 21-Dec-05
10. Stock Splits 40,624,057,688 08-Oct-12 08-Oct-12
11. Decrease in Issued and Fully Paid Shares -3,904,950,000 13-Dec-13 13-Dec-13

TRADING ACTIVITIES
Kalbe Farma Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,000 400 Jan-13 1,130 1,000 1,090 48,914 1,891,111 1,965,394 21
Feb-13 1,300 1,070 1,290 69,492 1,682,306 1,946,563 20
1,750 350 Mar-13 1,380 1,190 1,240 51,451 1,724,553 2,181,688 19
Apr-13 1,390 1,200 1,390 51,858 1,928,884 2,479,590 22
May-13 1,560 1,320 1,450 67,894 1,973,262 2,887,922 22
1,500 300
Jun-13 1,450 1,130 1,440 76,854 1,752,293 2,311,851 19
Jul-13 1,500 1,300 1,430 100,827 1,558,750 2,191,524 23
1,250 250
Aug-13 1,510 1,110 1,350 71,639 1,391,354 1,888,689 17
Sep-13 1,440 1,180 1,180 92,703 1,885,390 2,494,405 21
1,000 200
Oct-13 1,390 1,220 1,300 82,161 1,732,152 2,302,731 21
Nov-13 1,370 1,200 1,220 55,361 1,256,613 1,624,072 20
750 150 Dec-13 1,260 1,160 1,250 54,113 1,220,791 1,480,756 19
500 100 Jan-14 1,455 1,260 1,405 115,285 1,481,958 2,036,864 20

Feb-14 1,480 1,360 1,450 90,285 1,393,045 1,969,357 20
250 50 Mar-14 1,495 1,400 1,465 100,433 1,431,485 2,067,755 20
Apr-14 1,550 1,455 1,545 90,527 1,213,480 1,838,928 20
May-14 1,660 1,535 1,540 54,597 933,943 1,482,209 18
Jun-14 1,670 1,560 1,660 94,173 726,980 1,181,149 21
Jul-14 1,800 1,640 1,730 88,132 1,239,481 2,139,985 18
Aug-14 1,700 1,580 1,660 113,962 1,752,185 2,873,280 20
Sep-14 1,710 1,640 1,700 91,511 907,341 1,522,631 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 1,715 1,595 1,705 92,218 1,088,205 1,816,283 23
January 2013 - July 2017 Dec-14 1,835 1,715 1,830 79,479 1,036,522 1,844,446 20
105%
Jan-15 1,880 1,775 1,865 67,451 931,699 1,699,637 21
90% Feb-15 1,870 1,780 1,805 72,888 924,635 1,684,580 19
Mar-15 1,865 1,775 1,865 76,831 1,156,024 2,102,717 22
75% Apr-15 1,915 1,750 1,795 72,828 906,565 1,672,698 21
66.8%
May-15 1,870 1,730 1,840 92,844 1,178,383 2,127,734 19
60% Jun-15 1,825 1,590 1,675 90,201 712,306 1,205,743 21
55.8% Jul-15 1,745 1,630 1,745 92,629 560,733 938,956 19
Aug-15 1,735 1,405 1,675 110,480 1,084,676 1,706,243 20
45%
Sep-15 1,700 1,250 1,375 86,684 887,975 1,334,895 21
34.4% Oct-15 1,610 1,345 1,430 125,064 1,275,026 1,870,332 21
30%
Nov-15 1,455 1,305 1,335 94,453 1,193,529 1,635,558 21
Dec-15 1,390 1,135 1,320 97,512 1,356,241 1,718,826 19
15%
Jan-16 1,505 1,275 1,335 88,640 1,293,400 1,780,459 20

- Feb-16 1,370 1,250 1,300 97,172 1,169,685 1,532,788 20
Mar-16 1,465 1,270 1,445 111,539 1,864,143 2,497,670 21
-15% Apr-16 1,470 1,320 1,375 81,214 1,099,897 1,551,019 21
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 1,430 1,295 1,430 81,608 1,189,673 1,617,860 20
Jun-16 1,545 1,370 1,530 88,348 1,087,339 1,562,244 22
Jul-16 1,715 1,490 1,675 62,357 569,437 912,427 16
Frequency (Thou. X) 823 1,088 1,080 934 294 Nov-16 1,755 1,385 1,500 76,734 1,188,212 1,805,036 22
Days 244 242 244 246 135 Dec-16 1,590 1,410 1,515 65,131 650,147 990,194 20
Price (Rupiah) Jan-17 1,570 1,450 1,450 42,602 341,931 516,733 21

High 1,560 1,835 1,915 1,815 1,735 Feb-17 1,550 1,445 1,530 42,767 651,516 965,235 19
Low 1,000 1,260 1,135 1,250 1,440 Mar-17 1,550 1,440 1,540 51,872 925,901 1,331,644 22
Close 1,250 1,830 1,320 1,515 1,735 Apr-17 1,620 1,535 1,585 30,979 731,864 1,139,146 17
Close* 1,250 1,830 1,320 1,515 1,735 May-17 1,595 1,480 1,540 51,643 849,651 1,190,064 20
Jun-17 1,630 1,520 1,625 28,169 488,991 770,218 15
PER (X) 30.53 43.27 30.87 31.28 34.26 Jul-17 1,735 1,580 1,735 45,995 558,286 927,632 21
PER Industry (X) 15.98 24.22 17.71 23.77 7.46
PBV (X) 6.89 9.30 5.66 6.01 6.16

Receivables 2,273,379 2,464,902 2,434,082 2,725,808 3,154,234

3,053,495 3,090,544 3,003,150 3,344,404 3,327,016 14,000
Inventories
Current Assets 7,497,319 8,120,805 8,748,492 9,572,530 10,612,022
10,500
Fixed Assets 2,925,547 3,404,457 3,938,494 4,555,756 4,672,297
Other Assets 357,861 326,536 346,531 413,327 513,971
7,000
Total Assets 11,315,061 12,425,032 13,696,417 15,226,009 16,437,500
Growth (%) 9.81% 10.23% 11.17% 7.96% 3,500

Long Term Liabilities 174,513 221,637 392,251 445,000 458,848 2013 2014 2015 2016 Jun-17
Growth (%) -7.37% 5.77% 0.15% 36.20%
12,464
Paid up Capital 507,801 468,751 468,751 468,751 468,751 12,676
10,938
Par Value 10 10 10 10 10 8,500
10,090

8,499,958 9,817,476 10,938,286 12,463,847 12,675,528
7,504
Total Equity
Growth (%) 15.50% 11.42% 13.95% 1.70% 4,918
Total Revenues 16,002,131 17,368,533 17,887,464 19,374,231 10,066,305

Growth (%) 8.54% 2.99% 8.31%
-254
2013 2014 2015 2016 Jun-17
Cost of Revenues 8,323,018 8,892,737 9,295,887 9,886,263 5,141,279

Gross Profit 7,679,113 8,475,795 8,591,577 9,487,968 4,925,025
Expenses (Income) 5,106,591 5,712,095 5,870,696 6,396,780 3,302,119
17,369 17,887
Growth (%)
19,374
16,002
15,422

Tax 602,070 642,610 663,187 740,304 384,979
Growth (%) 7.64% -2.99% 14.25%

3,565
Current Ratio (%) 283.93 340.36 369.78 413.11 321.27
2,351
Dividend (Rp) 17.00 19.00 19.00 22.00 - 2,121 2,058
2,351
37.80 44.05 42.76 49.06 25.95 1,970

EPS (Rp)
BV (Rp) 167.39 209.44 233.35 265.89 270.41 1,871
DAR (X) 0.25 0.21 0.20 0.18 0.23

1,238
DER(X) 0.33 0.27 0.25 0.22 0.30
1,392
ROA (%) 17.41 17.07 15.02 15.44 7.53 912
ROE (%) 23.18 21.61 18.81 18.86 9.77

GPM (%) 47.99 48.80 48.03 48.97 48.93 433
OPM (%) - - - - -
NPM (%) 12.31 12.21 11.50 12.13 12.30
-47
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 44.97 43.14 44.44 44.84 -
Yield (%) 1.36 1.04 1.44 1.45 -

COMPANY REPORT
LPKR
LIPPO KARAWACI TBK.
Company Profile

PT Lippo Karawaci Tbk. wasestablished under thenamePT Tunggal Reksakencanadated
October15th,1990.

TheCompanysscopeofactivitiesincluderealestate,urbandevelopment,landpurchasing
and clearing, land cut and fill, land development and excavation, infrastructure
development planning, developing, leasing, selling and managing of buildings, houses,
offices and industrial estates, hotels, hospitals, commercial centers and sports centers,
supporting infrastructure, including but not limited to golf courses, club houses,
restaurants, other entertainment centers, medical laboratories, medical pharmacies and
related facilities, directly or by investment or capital divestment; build and operate
environmentinfrastructure,buildandmanagepublicfacilitiesandaccommodationservices
andoperatingactivitiesinservicesconsistingofpublictransportation,securityservicesand
othersupportingservices,exceptforlegalandtaxationservices.
The main activities of the Company include urban development, large scale integrated
development,retailmalls,healthcare,hospitals&infrastructure,alsoproperty&portfolio
management.

The Company creates wellplanned developments that circumvent traffic congestion, are
floodfree, and possess worldclass infrastructure. The Company is driven by its vision of
impacting lives, while continuously creating value for its stakeholders. The needs of the
growingmiddle,uppermiddleandupperclassesofIndonesiaaremetbythequalityofthe
services offered through each business segment, while sustainable growth is achieved
throughabalancedportfolioofdevelopmentprojectssupportedandsustainedbyastable
level of recurring income from healthcare, hotel leisure & hospitality, infrastructure, and
feebasedincomeasRetailEstateInvestmentTrust(REIT)andpropertymanagers.

ThecompanyisoneoftheincorporatedinthebusinessgroupLippoGroup.

AsofMarch31st,2017,theCompanyandsubsidiarieshad9,873employees.
August 2017
Disclaimer:

LPKR Lippo Karawaci Tbk. [S]
67 | 16.5T | 0.26% | 79.62%
19 | 18.1T | 0.97% | 53.97%

Established Date : 15-Oct-1990 1. CS Ag Singapore Tr Ac Client Itradiaz Investment Ltd. 1,700,000,000 : 7.37%
Listing Date : 28-Jun-1996 2. CS Ag Singapore Tr Ac Client Crescendo Investment Ltd. 1,690,000,000 : 7.32%
Under Writer IPO : 3. CS Ag Singapore Tr Ac Client Bullion Investment Ltd. 1,351,000,000 : 5.85%
PT Pentasena Arthasentosa 4. Credit Suisse Ag Sg Tr A/C Cl Bullion Inv Ltd-2023904301 1,252,500,000 : 5.43%
Securities Administration Bureau : 5. Credit Suisse AGSG Traccl PT Metropolis Propertindo Utama-2023904215 1,212,280,000 : 5.25%
PT Sharestar Indonesia 6. Pacific Asia Holding Ltd. 1,126,619,908 : 4.88%
Berita Satu Plasa 7th Fl. 7. Bank Julius Baerand Co. Ltd. S/A Pacific Asia Holdings Limited 600,000,000 : 2.60%
Jln. Jend. Gatot Subroto Kav. 35-36, Jakarta 12950 8. Public (<5%) 14,145,289,711 : 61.30%
Phone : (021) 527-7966
Fax : (021) 527-7967 DIVIDEND ANNOUNCEMENT
Bonus Cash Recording Payment
F/I
BOARD OF COMMISSIONERS Year Shares Dividend Cum Date Ex Date Date Date
1. Theo L. Sambuaga 1995 40.00 05-Dec-96 06-Dec-96 16-Dec-96 14-Jan-97 F
2. Agum Gumelar *) 1997 10.00 13-Jan-98 14-Jan-98 22-Jan-98 20-Feb-98 F
3. Farid Harianto *) 2005 10.00 19-Aug-05 22-Aug-05 24-Aug-05 08-Sep-05
4. Surjadi Soedirdja *) 2005 9.99 01-Dec-06 04-Dec-06 06-Dec-06 20-Dec-06 F
5. Sutiyoso *) 2006 4.62 04-Dec-07 05-Dec-07 07-Dec-07 27-Dec-07 F
6. Tanri Abeng 2010 2.88 11-Nov-10 12-Nov-10 16-Nov-10 01-Dec-10 I
*) Independent Commissioners 2010 4.33 05-Oct-11 06-Oct-11 10-Oct-11 24-Oct-11 F
2011 7.79 27-Aug-12 28-Aug-12 30-Aug-12 13-Sep-12 F
BOARD OF DIRECTORS 2012 11.85 29-Nov-13 02-Dec-13 04-Dec-13 18-Dec-13 F
1. Ketut Budi Wijaya 2013 14.05 02-Dec-14 03-Dec-14 05-Dec-14 19-Dec-14 F
2. Alwi Sjaaf 2015 3.50 01-Apr-16 04-Apr-16 06-Apr-16 27-Apr-16 F
3. Jenny Kuistono 2016 1.94 31-Mar-17 03-Apr-17 05-Apr-17 21-Apr-17 F
4. Johanes Jany
5. Lee Heok Seng ISSUED HISTORY
6. Richard H Setiadi WP Listing Trading
7. Tjokro Libianto No. Type of Listing Shares Date Date
1. First Issue 30,800,000 28-Jun-96 28-Jun-96
AUDIT COMMITTEE 2. Company Listing 244,000,000 T: 28-Jun-96 : 28-Feb-97
1. Muladi 3. Convertible Bond 105,072,500 28-Jun-96 28-Jun-96
2. Achamd Kurniadi 4. Right Issue 5,815,239,737 T: 16-Jan-98 : 30-Dec-10
3. Herbudianto 5. Add Listing (Merger) 1,063,275,250 02-Aug-04 02-Aug-04
6. Warrant 279,099 T: 28-Jul-05 : 17-May-06
CORPORATE SECRETARY 7. Stock Split 13,314,419,679 T: 28-Jul-06 : 26-Dec-07
Sri Mulyati Handojo 8. Warrant I 1,054,603,354 T: 23-Nov-06 : 05-Dec-07
9. Additional Listing without RI 1,450,000,000 08-Jun-11 08-Jun-11
HEAD OFFICE
Menara Matahari Fl. 22, 7 Boulevard Palem Raya
Lippo Karawaci Central
Tangerang - 15811
Phone : (021) 256-69000
Fax : (021) 256-69099
Homepage : www.lippokarawaci.co.id
Email : corsec@lippokarawaci.co.id

TRADING ACTIVITIES
Lippo Karawaci Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,000 1,600 Jan-13 1,050 980 1,030 18,954 1,044,107 1,060,012 21
Feb-13 1,130 1,000 1,130 19,101 1,320,934 1,410,229 20
1,750 1,400 Mar-13 1,380 1,100 1,370 27,626 1,944,365 2,354,312 19
Apr-13 1,420 1,270 1,350 47,000 1,764,716 2,375,613 22
May-13 1,840 1,330 1,840 69,663 4,005,347 6,269,291 22
1,500 1,200
Jun-13 1,850 1,400 1,520 56,929 2,584,811 4,219,775 19
Jul-13 1,520 1,070 1,280 59,085 2,688,034 3,436,476 23
1,250 1,000
Aug-13 1,420 850 1,150 45,795 1,988,899 2,346,408 17
Sep-13 1,370 930 1,090 64,901 2,818,915 3,229,906 21
1,000 800
Oct-13 1,190 990 1,130 68,222 2,516,548 2,710,895 21
Nov-13 1,150 860 910 41,217 2,116,780 2,026,117 20
750 600 Dec-13 990 870 910 29,306 1,988,284 1,817,800 19
500 400 Jan-14 1,000 855 950 37,016 2,155,619 2,024,577 20

Feb-14 960 910 940 39,852 2,392,473 2,240,643 20
250 200 Mar-14 1,295 920 1,085 61,757 2,407,412 2,582,770 20
Apr-14 1,220 1,040 1,070 47,022 1,840,563 2,076,457 20
May-14 1,160 1,035 1,035 29,729 1,310,521 1,437,331 18
Jun-14 1,065 930 960 28,924 1,476,320 1,487,519 21
Jul-14 1,180 945 1,100 38,898 2,232,519 2,453,791 18
Aug-14 1,240 1,060 1,070 43,011 1,402,081 1,610,434 20
Sep-14 1,080 935 940 49,324 1,734,697 1,771,314 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 1,080 885 1,070 68,627 2,797,512 2,764,165 23
Property, Real Estate and Bulding Construction Index Nov-14 1,180 1,005 1,165 33,157 1,493,052 1,613,526 20
January 2013 - July 2017 Dec-14 1,195 970 1,020 49,252 1,979,358 2,101,691 20
100%
Jan-15 1,155 980 1,135 59,914 2,548,120 2,690,503 21
80% Feb-15 1,180 1,090 1,180 46,815 1,659,815 1,874,205 19
Mar-15 1,355 1,070 1,350 49,443 2,003,589 2,359,437 22
60% Apr-15 1,460 1,150 1,185 35,527 1,133,692 1,522,562 21
51.7% May-15 1,375 1,185 1,300 36,156 955,769 1,242,448 19
40% Jun-15 1,310 1,085 1,180 62,466 1,226,392 1,425,250 21
34.4% Jul-15 1,225 1,105 1,155 50,953 1,569,210 1,826,821 19
Aug-15 1,170 910 1,070 52,105 1,139,478 1,198,968 20
20%
Sep-15 1,195 995 1,130 49,567 1,787,071 1,991,245 21
Oct-15 1,320 1,120 1,190 65,756 2,280,706 2,763,596 21
-
Nov-15 1,350 1,110 1,285 83,527 1,626,938 2,003,360 21
Dec-15 1,380 1,005 1,035 72,222 1,064,529 1,250,885 19
-20%
-28.5% Jan-16 1,080 990 1,055 93,352 1,411,606 1,466,344 20
-40% Feb-16 1,080 975 1,025 80,509 1,575,610 1,610,472 20
Mar-16 1,180 1,025 1,045 76,677 1,138,313 1,241,236 21
-60% Apr-16 1,095 1,000 1,015 76,777 1,496,730 1,564,087 21
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 1,020 900 955 77,251 1,671,778 1,589,084 20
Jun-16 1,170 945 1,145 82,504 1,813,736 1,855,059 22
Jul-16 1,215 1,110 1,135 43,208 972,983 1,126,878 16
Volume (Million Sh.) 26,782 23,222 18,995 21,170 12,390 Sep-16 1,140 990 990 74,183 2,538,907 2,631,927 21
Value (Billion Rp) 33,257 24,164 22,149 20,524 9,181 Oct-16 1,005 865 905 110,367 2,324,270 2,166,909 21
Frequency (Thou. X) 548 527 664 954 372 Nov-16 915 755 765 97,454 2,668,579 2,217,798 22
Days 244 242 244 246 135 Dec-16 780 690 720 80,180 2,542,735 1,877,300 20
Price (Rupiah) Jan-17 805 715 735 50,028 1,249,616 928,715 21

High 1,850 1,295 1,460 1,215 850 Feb-17 785 720 735 55,131 2,094,137 1,584,847 19
Low 850 855 910 690 610 Mar-17 755 705 725 50,953 1,860,993 1,370,859 22
Close 910 1,020 1,035 720 715 Apr-17 815 720 790 45,543 1,935,358 1,504,107 17
Close* 910 1,020 1,035 720 715 May-17 850 680 680 55,892 2,177,821 1,680,903 20
Jun-17 695 610 660 40,840 1,514,932 1,004,332 15
PER (X) 17.10 16.76 44.61 18.75 27.70 Jul-17 750 655 715 73,458 1,556,888 1,107,232 21
PER Industry (X) 9.57 16.29 13.36 24.89 14.46
PBV (X) 1.48 1.44 1.26 0.76 0.69

Receivables 781,409 951,104 1,434,348 1,822,596 1,861,100

37,000
Inventories 13,894,009 16,553,036 20,458,990 23,370,271 23,783,444

27,750
Investment 130,431 123,284 385,271 506,997 621,488
Fixed Assets 2,810,892 3,208,763 2,731,533 2,902,208 3,070,540
18,500
Other Assets 60,968 718,887 43,067 72,243 79,123
Total Assets 31,300,362 37,761,221 41,326,558 45,603,683 46,050,797
9,250
Growth (%) 20.64% 9.44% 10.35% 0.98%
-
Trade Payable 397,748 395,134 782,916 818,572 960,811 2013 2014 2015 2016 Mar-17
Growth (%) 17.47% 11.41% 4.99% -1.45%
22,075
Paid up Capital 2,307,769 2,307,769 2,307,769 2,307,769 2,307,769 18,917

17,646
18,200
14,178
Par Value 100 100 100 100 100
4,748,453 6,975,738 7,101,438 7,945,093 8,043,582
13,536
Retained Earnings
Total Equity 14,177,573 17,646,449 18,916,765 22,075,139 22,864,087 8,871
Growth (%) 24.47% 7.20% 16.70% 3.57%

4,207

Total Revenues 6,666,214 11,655,042 8,703,650 10,324,633 2,540,525
-457
2013 2014 2015 2016 Mar-17

Growth (%) 74.84% -25.32% 18.62%
Cost of Revenues 3,619,572 6,257,664 4,791,656 6,020,661 37,191

Gross Profit 3,046,643 5,397,378 3,911,994 4,303,972 2,503,334
Operating Expenses 1,103,623 1,588,588 2,421,661 2,489,599 760,394 11,655
Operating Profit 1,943,020 3,808,790 1,490,333 1,814,373 280,118 10,325

11,655
Growth (%) 96.02% -60.87% 21.74% 9,277

8,704
6,666
Income before Tax 1,924,830 3,694,979 1,284,830 1,557,747 256,892

Tax 332,339 559,763 260,709 330,373 30,610 4,522
2,541
Profit for the period 1,592,491 3,135,216 1,024,121 1,227,374 226,282
Growth (%) 96.87% -67.33% 19.85%
2,145
-233
Period Attributable 1,228,230 2,547,285 535,394 882,411 142,667 2013 2014 2015 2016 Mar-17
Comprehensive Income 1,676,148 2,996,884 616,914 1,636,156 835,125
Comprehensive Attributable 1,311,887 2,408,953 148,483 1,279,844 676,281
RATIOS Dec-13 Dec-14 Dec-15 Dec-16 Mar-17 3,135
Dividend (Rp) 14.05 - 3.50 1.94 - 3,135
EPS (Rp) 69.01 135.85 44.38 53.18 9.81

BV (Rp) 614.34 764.65 819.70 956.56 990.74 2,496
DAR (X) 0.55 0.53 0.54 0.52 0.50

1,592
DER(X) 1.21 1.14 1.18 1.07 1.01
1,856
1,227
ROA (%) 5.09 8.30 2.48 2.69 0.49 1,216
1,024
ROE (%) 11.23 17.77 5.41 5.56 0.99
GPM (%) 45.70 46.31 44.95 41.69 98.54 577
226
OPM (%) 29.15 32.68 17.12 17.57 11.03
NPM (%) 23.89 26.90 11.77 11.89 8.91
-63
2013 2014 2015 2016 Mar-17

Payout Ratio (%) 20.36 - 7.89 3.65 -
Yield (%) 1.94 - 0.48 0.27 -

COMPANY REPORT
LPPF
MATAHARI DEPARTMENT STORE TBK.
Company Profile

PTMatahariDepartmentStoreTbk.wasestablishedunderthenamePTStephensUtama
International Leasing Corp. dated April 1st, 1982. The Company started its commercial
operationsin1982.

Since30October2009,thCompanyhasengagedinthereailbussinessforseveraltypesof
products such as clothes, accessories, bags, shoes, cosmetics, and household appliances,
andmanagementconsultingservice.

The Companys operational head office is located in Menara Matahari 15th Fl., Jln.
Boulevard Palem Raya No. 7, Lippo Karawaci Tangerang, Banten, and the stores are
located in cities throughout Indonesia. As of 31 December 2016, the Company operates
150stores.

Parent company is PT Indonesia Meadow and PT Indonesia Meadow parent company is
MeadowAsiaHoldingLtd.,acompanydomiciledinCaymanIslands.

ThetotalnumberofemployeesatJune30th,2017was13,965.
August 2017
Disclaimer:

LPPF Matahari Department Store Tbk. [S]
Industry Sub Sector : Retail Trade (93) Market Capitalization : 36,984,611,664,000
26 | 37.0T | 0.58% | 63.64%
9 | 35.3T | 1.88% | 42.30%

Established Date : 01-Apr-1982 1. PT Multipolar Tbk. 509,992,000 : 17.48%
Under Writer IPO :
PT Aseam Indonesia DIVIDEND ANNOUNCEMENT
PT Finconesia Bonus Cash Recording Payment
F/I
PT Multicor Year Shares Dividend Cum Date Ex Date Date Date
PT Bank Pembangunan Indonesia 1990 5:1 50.00 11-Jul-90 12-Jul-90 20-Jul-90 22-Aug-90 I
PT Danareksa 1990 100.00 02-Jul-91 03-Jul-91 10-Jul-91 12-Aug-91 F
Securities Administration Bureau : 1991 1 :2 175.00 13-Jul-92 14-Jul-92 21-Jul-92 11-Aug-92 F
PT Sharestar Indonesia 1992 75.00 10-Jun-93 11-Jun-93 19-Jun-93 19-Jul-93 F
Berita Satu Plasa 7th Fl. 1993 5:1 50.00 21-Jul-94 22-Jul-94 29-Jul-94 26-Aug-94 F
Jln. Jend. Gatot Subroto Kav. 35-36, Jakarta 12950 1994 75.00 23-Jun-95 26-Jun-95 04-Jul-95 03-Aug-95 F
2010 32.25 10-Jun-11 13-Jun-11 15-Jun-11 30-Jun-11 F
BOARD OF COMMISSIONERS 2010 14.00 22-Aug-11 23-Aug-11 25-Aug-11 15-Sep-11 F
1. John Bellis *) 2013 157.70 11-Jun-14 12-Jun-14 16-Jun-14 30-Jun-14 F
2. Henry Jani Liando 2015 427.30 02-Jun-16 03-Jun-16 07-Jun-16 29-Jun-16 F
3. Herbert Stepic *) 2016 484.60 04-May-17 05-May-17 09-May-17 26-May-17 F
4. Johanes Jany
5. John Riady ISSUED HISTORY
6. Jonathan Limbong Parapak *) Listing Trading
7. Niel Byron Nielson No. Type of Listing Shares Date Date
8. Sigit Prasetya 1. First Issue 2,140,000 09-Oct-89 09-Oct-89
9. William Travis Saucer 2. Partial Listing 2,250,000 12-Apr-90 24-Apr-90
*) Independent Commissioners 3. Bonus Shares 878,000 27-Aug-90 27-Aug-90
4. Bonus Shares 10,536,000 13-Aug-92 13-Aug-92
BOARD OF DIRECTORS 5. Dividen Shares 3,160,800 02-Sep-94 02-Sep-94
1. Bunjamin Jonatan Mailool 6. Company Listing 11,880,000 11-Jun-97 11-Jun-97
2. Andre Rumantir 7. Right Issue 1,295,481,600 19-Jul-01 19-Jul-01
3. Christian Kurnia 8. Reverse Stocks -1,061,061,120 09-Nov-09 09-Nov-09
4. Eddy Harsono Handoko 9. Right Issue 2,652,652,800 04-Dec-09 04-Dec-09
5. Richard Thomas Gibson
AUDIT COMMITTEE
1. John Bellis
2. Farid Harianto
3. Isnandar Rachmat Ali
CORPORATE SECRETARY
Miranti Hadisusilo
HEAD OFFICE
Menara Matahari 15th Fl.
Jln. Bulevar Palem Raya No. 7, Lippo Karawaci - 1200
Tangerang 15811
Phone : (021) 546-9333, 547-5333, 547-5758
Fax : (021) 547-5650
Homepage : www.matahari.co.id
Email : miranti.hadisusilo@matahari.co.id

TRADING ACTIVITIES
Matahari Department Store Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
22,000 1,600 Jan-13 - - 2,700 - - - -
Feb-13 3,375 2,500 3,375 8 8 20 2
19,250 1,400 Mar-13 11,550 4,200 11,000 5,694 2,299,282 17,961,295 5
Apr-13 12,200 11,000 12,100 16,693 158,212 1,822,277 22
May-13 14,200 11,950 13,000 15,960 94,072 1,243,071 22
16,500 1,200
Jun-13 13,050 9,750 11,600 20,216 159,803 1,792,094 19
Jul-13 13,250 10,500 12,450 19,188 99,430 1,158,399 23
13,750 1,000
Aug-13 14,500 10,500 12,450 39,379 254,031 3,143,021 17
Sep-13 13,600 10,000 10,500 30,316 109,528 1,229,329 21
11,000 800
Oct-13 13,300 10,300 12,300 15,842 54,281 633,331 21
Nov-13 12,200 10,550 11,550 15,927 65,331 745,396 20
8,250 600 Dec-13 11,400 10,300 11,000 14,073 45,788 493,022 19
5,500 400 Jan-14 13,075 10,800 11,625 32,152 56,432 661,262 20

Feb-14 15,000 11,475 14,000 47,132 131,382 1,738,718 20
2,750 200 Mar-14 15,000 12,900 13,900 50,174 338,527 4,466,054 20
Apr-14 15,500 13,675 15,000 44,656 114,974 1,700,858 20
May-14 15,175 13,500 14,525 27,255 66,252 970,987 18
Jun-14 14,550 13,500 13,800 37,570 61,124 855,042 21
Jul-14 15,450 13,475 14,500 36,632 83,450 1,204,403 18
Aug-14 18,000 13,725 16,275 71,943 487,072 7,064,996 20
Sep-14 17,100 15,650 16,225 66,159 97,910 1,593,883 22
Trade, Sevices and Investment Index Nov-14 15,700 14,025 15,000 47,206 75,862 1,121,722 20
January 2013 - July 2017 Dec-14 15,850 14,025 15,000 52,839 99,075 1,469,530 20
700%
Jan-15 16,200 14,125 15,525 58,908 446,605 6,762,194 21
600% Feb-15 18,100 14,800 17,850 59,414 263,261 3,981,884 19
Mar-15 20,000 17,300 19,700 72,275 119,919 2,180,042 22
500% Apr-15 20,225 16,100 17,500 67,293 120,762 2,193,928 21
May-15 18,450 16,200 17,450 70,303 118,558 2,058,595 19
400% Jun-15 18,000 15,800 16,550 62,890 103,593 1,750,968 21
369.4% Jul-15 18,125 15,800 17,500 63,226 98,391 1,691,697 19
Aug-15 18,800 14,300 17,525 71,109 113,964 1,914,180 20
300%
Sep-15 17,475 15,150 16,100 63,237 92,007 1,467,454 21
Oct-15 18,025 15,600 16,575 87,571 129,214 2,124,978 21
200%
Nov-15 16,875 14,500 15,650 70,212 99,786 1,568,901 21
Dec-15 17,900 15,800 17,600 59,417 69,198 1,168,321 19
100%
34.4% Jan-16 17,750 15,625 16,000 69,519 115,327 1,906,616 20

24.2%
- Feb-16 18,475 15,925 18,475 70,520 133,282 2,211,645 20
Mar-16 18,450 16,600 18,350 87,844 140,089 2,479,966 21
-100% Apr-16 19,450 17,275 19,000 58,129 117,473 2,151,389 21
Jun-16 20,700 18,475 20,000 82,444 132,534 2,562,757 22
Jul-16 22,575 19,750 19,925 70,353 93,768 1,955,675 16
Frequency (Thou. X) 193 568 806 1,001 511 Nov-16 17,800 13,325 14,400 148,743 321,547 4,955,632 22
Days 191 242 244 246 135 Dec-16 16,100 14,025 15,125 94,024 171,236 2,543,130 20
Price (Rupiah) Jan-17 15,900 14,550 14,775 67,458 129,962 1,982,508 21

High 14,500 18,000 20,225 22,575 15,950 Feb-17 15,525 13,650 13,650 77,673 201,868 2,993,748 19
Low 2,500 10,800 14,125 13,325 11,175 Mar-17 14,350 11,175 13,175 126,544 534,500 6,975,483 22
Close 11,000 15,000 17,600 15,125 12,675 Apr-17 15,150 13,025 14,600 49,665 121,303 1,642,657 17
Close* 11,000 15,000 17,600 15,125 12,675 May-17 15,950 14,200 15,100 67,370 156,988 2,353,935 20
Jun-17 15,400 14,100 14,175 43,108 71,631 1,048,376 15
PER (X) 27.91 30.96 28.84 20.56 36.45 Jul-17 14,600 11,925 12,675 79,480 195,279 2,509,464 21
PER Industry (X) 15.42 22.13 14.53 19.07 8.98
PBV (X) -41.08 -241.68 46.43 30.03 16.96

Cash & Cash Equivalents 772,217 785,895 946,658 1,712,844 2,550,264 7,500
Receivables 62,932 109,381 76,026 94,566 114,838

723,809 955,231 1,007,811 995,276 1,225,665 6,000
Inventories
Current Assets 1,703,067 2,117,507 2,272,941 2,974,052 4,048,931
4,500
Fixed Assets 727,186 725,954 876,566 979,858 976,550
Other Assets 28,268 24,577 153,172 252,750 719
3,000
Total Assets 2,936,882 3,408,372 3,889,291 4,858,878 6,313,525
Growth (%) 16.05% 14.11% 24.93% 29.94% 1,500

Long Term Liabilities 1,828,073 712,261 344,110 415,281 430,707 2013 2014 2015 2016 Jun-17
Growth (%) -13.11% -13.86% 7.92% 50.96%
Authorized Capital 386,794 386,794 386,794 386,794 386,794 1,855 1,779
Paid up Capital 386,794 386,794 386,794 386,794 386,794 1,855

Par Value 5,000 & 350 & 100 5,000 & 350 & 100 5,000 & 350 & 100 5,000 & 350 & 100 5,000 & 350 & 100
1,328
1,106

-781,372 177,590 1,106,167 1,855,243 1,779,306
801
Total Equity
Growth (%) N/A 522.88% 67.72% -4.09% 178
2013
273
INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 -254
2014 2015 2016 Jun-17

Total Revenues 6,754,326 7,925,547 9,006,893 9,897,046 5,737,042
Growth (%) 17.34% 13.64% 9.88%
-781
-781
Cost of Revenues 2,391,274 2,877,507 3,335,638 3,685,279 2,082,146

Gross Profit 4,363,052 5,048,040 5,671,255 6,211,767 3,654,896
Expenses (Income) 2,548,184 2,964,128 3,333,607 3,677,856 1,979,597
9,007
Growth (%) 14.82% 12.18% 8.40%
9,897
7,926
6,754
7,878
Other Income (Expenses) -291,246 -233,368 -92,827 -1,245 7,462

5,737
Tax 373,462 431,426 463,973 512,961 344,675

Growth (%) 23.38% 25.49% 13.41%

1,821
Current Ratio (%) 90.10 84.08 93.19 114.90 98.67
2,020
Dividend (Rp) 157.70 - 427.30 484.60 -
1,781
2,020
EPS (Rp) 394.17 486.35 610.31 692.17 458.58

BV (Rp) -267.78 60.86 379.09 635.81 609.79 1,608
1,419
1,338
DAR (X) 1.27 0.95 0.72 0.62 0.72 1,150
DER(X) -4.76 18.19 2.52 1.62 2.55
1,196
ROA (%) 39.16 41.64 45.79 41.57 21.19 784
ROE (%) -147.20 799.10 160.99 108.86 75.20

GPM (%) 64.60 63.69 62.97 62.76 63.71 372
OPM (%) 26.87 26.29 25.95 25.60 29.20

NPM (%) 17.03 17.91 19.77 20.41 23.32
-40
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 40.01 - 70.01 70.01 -
Yield (%) 1.43 - 2.43 3.20 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
LSIP
PP LONDON SUMATRA INDONESIA TBK.
Company Profile
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk. was established December

18th, 1962. The Company commenced its commercial operations in 1963 and engaged in
theplantationbusinesslocatedinNorthSumatera,SouthSumatera,Java,EastKalimantan,
North Sulawesi, and South Sulawesi with a total planted area of 110,656 hectares as of
September 30th, 2014. The main products are crude palm oil and rubber, and small
quantitiesofcocoa,teaandseeds.

The Company is domiciled in Jakarta with operational branch offices located in Medan,
Palembang,Makassar,SurabayaandSamarinda.TheCompanysregisteredofficeaddress
atPrudentialTower15thFl.,Jln.Jend.SudirmanKav.79,Jakarta.

Lonsums 38 inti estates (Company owned) and 14 plasma estates (smallholder farmer),
which are currently operational in Sumatra, Java, Kalimantan and Sulawesi, make use of
advanced research and development as well as agromanagement expertise and a highly
skilledandanexperiencedworkforce.Thescopeofthebusinesshasbroadenedtoinclude
plant breeding, planting, harvesting, milling, processing and the selling of palm products,
rubber, cocoa and tea. The Company now has 20 factories which are operational in
Sumatra,JavaandSulawesi.Lonsumisknownintheindustryforthequalityofitsoilpalm
ancocoaseeds,andthishightechbusinessisnowamajorgrowthdriverfortheCompany.

In addition to the development of its own plantations, the Company is developing
plantationsonbehalfoflocalsmallholders(plasmaplantations)inlinewiththenucleus
plasmaplantationschemethatwasselectedwhentheCompanyexpandeditsplantations.

PT Salim Ivomas Pratama Tbk. (SIMP) and First Pacific Company Limited, Hong Kong, are
theparentcompanyandtheultimateparentcompanyoftheGroup.AsofJune30th,2017,
theGrouphadatotalof15,265permanentemployees.

ThesubsidiariescontrolledbytheCompanyeitherdirectlyorindirectlyareasfollows:
PTMultiAgroKencanaPrima,
LonsumSingaporePte.Ltd.,
PTTaniMusiPersada,
PTSumatraAgriSejahtera,
PTTaniAndalasSejahtera,
AgriInvestmentsPte.,Ltd.,
PTWushanHijauLestari.
August 2017
Disclaimer:

LSIP PP London Sumatra Indonesia Tbk. [S]
96 | 9.62T | 0.15% | 85.15%
61 | 7.21T | 0.38% | 78.91%

Established Date : 18-Dec-1962 1. PT Salim Ivomas Pratama 4,058,425,010 : 59.48%
Under Writer IPO :
F/I
Plaza Central Building 2nd Fl. 1996 10 : 14 23-Jul-97 24-Jul-97 01-Aug-97 25-Aug-97 B
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1996 110.00 23-Jul-97 24-Jul-97 01-Aug-97 25-Aug-97 F
2008 208.00 26-May-09 27-May-09 29-May-09 05-Jun-09 F
1. Moleonoto (Paulus Moleonoto) 2010 61.00 16-Jun-11 17-Jun-11 21-Jun-11 06-Jul-11 F
2. Axton Salim 2011 100.00 05-Jun-12 06-Jun-12 08-Jun-12 22-Jun-12 F
3. Edy Sugito *) 2012 66.00 14-Jun-13 17-Jun-13 19-Jun-13 03-Jul-13 F
4. Hendra Widjaja 2013 46.00 16-Jun-14 17-Jun-14 19-Jun-14 03-Jul-14 F
5. Monang Silalahi *) 2014 53.00 12-May-15 13-May-15 18-May-15 05-Jun-15 F
6. Werianty Setiawan 2015 37.00 09-Jun-16 10-Jun-16 14-Jun-16 28-Jun-16 F
BOARD OF DIRECTORS ISSUED HISTORY

1. Benny (Benny Tjoeng) Listing Trading
2. Joefly Joesoef Bahroeny No. Type of Listing Shares Date Date
3. Mark Julian Wakeford 1. First Issue 38,800,000 05-Jul-96 05-Jul-96
4. Tan Agustinus Dermawan 2. Company Listing 163,538,872 05-Jul-96 05-Jul-96
5. Tio Eddy Hariyanto 3. Bonus Shares 283,274,421 26-Aug-97 26-Aug-97
4. Additional Listing without RI 280,096,500 24-Jun-04 24-Jun-04
AUDIT COMMITTEE 5. Mandatory Convertible Note Conversion 329,519,500 22-Sep-04 22-Sep-04
1. Monang Silalahi 6. Mandatory Convertible Note Conversion 269,343,500 02-Nov-07 02-Nov-07
2. Hendra Susanto 7. Stock Splits 5,458,291,172 25-Feb-11 25-Feb-11
3. Timotius
CORPORATE SECRETARY
Endah Resmiati Madnawidjaja
HEAD OFFICE
Ariobimo Sentral 12th Floor
Jln. HR. Rasuna Said Blok X-2 Kav. 5
Jakarta 12950
Phone : (021) 8065-7388
Fax : (021) 8065-7399
Homepage : www.londonsumatra.com
Email : endah.resmiati@londonsumatra.com
lonsum@londonsumatra.com

TRADING ACTIVITIES
PP London Sumatra Indonesia Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,600 160 Jan-13 2,525 2,150 2,200 17,678 323,112 747,259 21
Feb-13 2,325 2,025 2,075 14,561 260,360 572,168 20
2,275 140 Mar-13 2,125 1,810 1,930 22,788 292,084 572,071 19
Apr-13 1,930 1,520 1,520 18,150 267,715 477,137 22
May-13 1,940 1,490 1,920 24,889 393,131 672,303 22
1,950 120
Jun-13 1,980 1,670 1,720 34,477 528,876 966,936 19
Jul-13 1,740 1,120 1,120 39,032 633,985 848,808 23
1,625 100
Aug-13 1,500 960 1,490 41,005 883,004 1,082,001 17
Sep-13 1,670 1,260 1,270 42,086 794,744 1,163,598 21
1,300 80
Oct-13 1,640 1,230 1,600 32,600 804,006 1,161,385 21
Nov-13 1,870 1,600 1,840 26,145 553,262 971,603 20
975 60 Dec-13 2,050 1,740 1,930 24,982 511,934 970,207 19
650 40 Jan-14 1,980 1,470 1,655 72,532 1,054,575 1,738,764 20

Feb-14 2,110 1,625 2,070 50,243 849,896 1,599,785 20
325 20 Mar-14 2,400 2,020 2,210 69,302 901,196 2,009,766 20
Apr-14 2,480 2,120 2,450 56,810 770,823 1,800,557 20
May-14 2,465 2,185 2,310 43,233 459,812 1,076,352 18
Jun-14 2,400 2,175 2,315 40,198 381,878 874,975 21
Jul-14 2,315 1,995 2,100 55,975 494,979 1,073,280 18
Aug-14 2,150 1,855 1,870 67,017 593,511 1,193,758 20
Sep-14 1,930 1,715 1,900 61,978 713,775 1,330,095 22
Agriculture Index Nov-14 2,060 1,865 1,985 44,540 492,111 968,338 20
January 2013 - July 2017 Dec-14 2,040 1,845 1,890 40,505 355,184 689,206 20
45%
Jan-15 2,070 1,805 1,840 45,212 435,491 844,838 21
34.4%
30% Feb-15 1,960 1,775 1,880 49,958 515,066 963,712 19
Mar-15 1,945 1,640 1,730 47,115 523,934 963,618 22
15% Apr-15 1,745 1,370 1,425 50,810 534,502 841,066 21
May-15 1,790 1,380 1,665 62,094 775,206 1,263,882 19
- Jun-15 1,780 1,515 1,555 34,739 346,699 577,961 21
Jul-15 1,685 1,315 1,355 30,607 291,516 453,815 19
Aug-15 1,425 910 1,080 36,766 333,486 390,385 20
-15%
-18.4% Sep-15 1,450 1,015 1,385 41,532 510,467 649,682 21
Oct-15 1,585 1,310 1,550 51,469 608,049 921,948 21
-30%
Nov-15 1,560 1,200 1,200 45,437 475,644 634,604 21
-41.9%
Dec-15 1,415 1,220 1,320 32,836 350,465 464,155 19
-45%
Jan-16 1,480 1,210 1,425 31,138 331,930 434,693 20

-60% Feb-16 1,535 1,335 1,430 30,818 272,850 394,239 20
Mar-16 1,830 1,425 1,820 40,352 326,021 544,021 21
-75% Apr-16 1,840 1,525 1,535 35,945 291,909 489,531 21
Jun-16 1,595 1,330 1,380 38,753 346,859 506,016 22
Jul-16 1,535 1,345 1,405 41,610 503,283 723,939 16
Days 244 242 244 246 135 Dec-16 1,905 1,650 1,740 24,893 201,281 360,504 20
Price (Rupiah) Jan-17 1,780 1,550 1,550 39,606 412,231 686,516 21

High 2,525 2,480 2,070 1,905 1,780 Feb-17 1,645 1,470 1,475 38,941 394,158 614,493 19
Low 960 1,470 910 1,210 1,355 Mar-17 1,545 1,410 1,465 31,388 324,791 484,219 22
Close 1,930 1,890 1,320 1,740 1,410 Apr-17 1,495 1,355 1,395 22,284 197,144 278,247 17
Close* 1,930 1,890 1,320 1,740 1,410 May-17 1,540 1,360 1,525 36,538 406,599 595,771 20
Jun-17 1,515 1,360 1,370 20,649 148,366 210,928 15
PER (X) 17.11 13.84 14.45 32.70 6.40 Jul-17 1,460 1,380 1,410 28,907 190,466 270,833 21
PER Industry (X) 15.46 19.34 -6.37 19.38 3.01
PBV (X) 1.99 1.84 1.23 1.61 1.20

Cash & Cash Equivalents 1,401,395 1,356,532 737,114 1,140,614 1,451,408 10,000
Receivables 116,796 84,586 112,289 202,745 240,042

374,485 380,360 398,426 569,085 364,154 8,000
Inventories
Current Assets 1,999,126 1,863,506 1,268,557 1,919,661 2,177,310
6,000
Fixed Assets 2,776,825 3,238,752 3,427,971 3,436,091 3,368,782
Other Assets 63,000 127,552 239,021 332,603 330,507
4,000
Total Assets 7,974,876 8,655,146 8,848,792 9,459,088 9,655,787
Growth (%) 8.53% 2.24% 6.90% 2.08% 2,000
Current Liabilities 804,428 748,076 571,162 780,627 712,895 -

Long Term Liabilities 556,461 688,236 939,652 1,032,477 1,077,384 2013 2014 2015 2016 Jun-17
Growth (%) 5.54% 5.19% 20.01% -1.26%
7,646
Paid up Capital 682,286 682,286 682,286 682,286 682,286 7,866
7,219 7,338
6,614
Par Value 100 100 100 100 100
6,261

4,656
Total Equity 6,613,987 7,218,834 7,337,978 7,645,984 7,865,508

Growth (%) 9.14% 1.65% 4.20% 2.87% 3,052
Total Revenues 4,133,679 4,726,539 4,189,615 3,847,869 2,467,583

Growth (%) 14.34% -11.36% -8.16%
-157
2013 2014 2015 2016 Jun-17
Cost of Revenues 2,880,220 3,090,100 3,073,774 2,737,084 1,731,577

Gross Profit 1,253,459 1,636,439 1,115,841 1,110,785 736,006
Expenses (Income) 227,810 395,917 279,935 300,011 165,804
Operating Profit 1,025,649 1,240,522 835,906 810,774 570,202 4,727
Growth (%) 20.95% -32.62% -3.01% 4,134 4,190

4,727
3,848
3,762
Other Income (Expenses) -28,658 -51,591 -8,024 -32,213 25,192

Income before Tax 996,991 1,188,931 827,882 778,561 595,394 2,798 2,468
Tax 228,366 272,236 204,573 185,792 135,508
Profit for the period 768,625 916,695 623,309 592,769 459,886 1,834
Growth (%) 19.26% -32.00% -4.90%

870
Comprehensive Income 788,003 918,566 689,704 560,324 458,223 2013 2014 2015 2016 Jun-17
Current Ratio (%) 248.52 249.11 222.10 245.91 305.42
917
Dividend (Rp) 46.00 53.00 37.00 35.00 - 917
112.78 134.36 91.36 87.04 67.35 769

EPS (Rp)
BV (Rp) 969.39 1,058.04 1,075.50 1,120.64 1,152.82 730
623
593
DAR (X) 0.17 0.17 0.17 0.19 0.19
460
0.21 0.20 0.21 0.24 0.23
543
DER(X)
ROA (%) 9.64 10.59 7.04 6.27 4.76 356
ROE (%) 11.62 12.70 8.49 7.75 5.85

GPM (%) 30.32 34.62 26.63 28.87 29.83 169
OPM (%) 24.81 26.25 19.95 21.07 23.11

NPM (%) 18.59 19.39 14.88 15.41 18.64
-18
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 40.79 39.45 40.50 40.21 -
Yield (%) 2.38 2.80 2.80 2.01 -

COMPANY REPORT
MNCN
MEDIA NUSANTARA CITRA TBK.
Company Profile

PT Media Nusantara Citra Tbk. has core businesses in content and the ownership and
operations of 3 out of the 10 national FreeToAir televisions in Indonesia. MNC have 3
FreeToAir (FTA) TVs RCTI, MNCTV and GlobalTV as well as 16 channels created and
produced by MNC that is broadcasted on PayTV. Currently, MNC also have other media
based business that supports the core businesses of MNC. Those businesses consist of
radio,printmedia,talentmanagement,andaproductionhouse.MNCwasestablishedon
June17,1997.

ThescopeofCompany'sactivitiesistoengageingeneraltrading,construction,industrial,
agricultural, transportation, printing, multimedia through satellite and other
telecommunicationsperipheral,servicesandinvestments.

The Companyis part of Mediacom Group. The Company has ownership in the following
subsidiaries:
Broadcasting:
1. PTRajawaliCitraTelevisiIndonesia(RCTI)
2. PTGlobalInformasiBermutu
3. PTCiptaTelevisiPendidikanIndonesia(CTPI)
4. PTSunTelevisiNetwork(STN)andsubsidiaries
5. PTMNCNetworks(MNCN)andsubsidiaries
Printandonline:
1. PTMediaNusantaraInformasiandsubsidiaries
2. PTMNIGlobal
3. PTMNIPublishinganditssubsidiaries
Advertisingagency:
1. PTMNCStudioMediaInternasionalandsubsidiaries
Contentproduction:
1. MNCInternationalMiddleEastLtd.
Talentmanagementandothers:
1. PTMNCLisensiInternational
2. PTMNCMediaUtama
3. PTInnoformIndonesia
4. PTMNCMediaInvestasi

TheCompanystarteditscommercialoperationsinDecember2001.TheCompanyandits
subsidiarieshadatotalof8,244employeesasofJune30th,2017.
August 2017
Disclaimer:

MNCN Media Nusantara Citra Tbk. [S]
Industry Sub Sector : Advertising, Printing And Media (95) Market Capitalization : 25,696,986,300,000
45 | 25.7T | 0.40% | 72.82%
51 | 8.60T | 0.46% | 74.84%

Established Date : 17-Jun-1997 1. PT Global Mediacom Tbk. 8,344,876,950 : 58.40%
Listing Date : 22-Jun-2007 2. Public (<5%) 5,931,226,550 : 41.60%
Under Writer IPO :
PT Bhakti Securities DIVIDEND ANNOUNCEMENT
PT Danareksa Sekuritas Bonus Cash Recording Payment
F/I
PT BSR Indonesia 2007 5.00 01-Dec-08 02-Dec-08 04-Dec-08 19-Dec-08 F
Komplek Perkantoran ITC Roxy Mas Blok E1 No. 10-11 2009 5.00 02-Oct-09 05-Oct-09 07-Oct-09 21-Oct-09 I
Jln. K.H. Hasyim Ashari Jakarta 10150 2009 7.00 29-Nov-10 30-Nov-10 02-Dec-10 17-Dec-10 F
Phone : (021) 631-7828 2010 15.00 29-Nov-11 30-Nov-11 02-Dec-11 16-Dec-11 F
2012 55.00 06-Sep-13 09-Sep-13 11-Sep-13 25-Sep-13 F
BOARD OF COMMISSIONERS 2013 25.00 24-Dec-13 27-Dec-13 02-Jan-14 16-Jan-14 I
1. Hary Tanoesoedibjo 2013 35.00 14-Oct-14 15-Oct-14 17-Oct-14 31-Oct-14 F
2. Adam Chesnoff 2014 63.00 27-May-15 28-May-15 01-Jun-15 17-Jun-15 F
3. Sutanto *) 2016 42.00 07-Jul-17 10-Jul-17 12-Jul-17 02-Aug-17 F
ISSUED HISTORY
1. David Fernando Audy No. Type of Listing Shares Date Date
2. Angela Herliani Tanoesoedibjo 1. First Issue 4,125,000,000 22-Jun-07 22-Jun-07
3. Arya Mahendra Sinulingga 2. Company Listing 9,625,000,000 T: 22-Jun-07 : 22-Feb-08
4. Ella Kartika 3. EMSOP Conversion II 23,504,500 T: 29-Nov-10 : 06-Jan-11
5. Faisal Dharma Setiawan 4. EMSOP Conversion II & III 52,960,500 T: 17-Feb-11 : 19-Jul-11
6. Gwenarty Setiadi 5. EMSOP Conversion II, III & IV 37,076,500 T: 26-Jul-11 : 21-May-12
7. Kanti Mirdiati Imansyah 6. EMSOP Conversion III & IV 3,988,000 04-Aug-11 04-Aug-11
7. EMSOP Conversion II, III, IV & V 79,965,500 T: 23-May-12 : 15-Jun-12
AUDIT COMMITTEE 8. ESOP/MSOP Conversion II, III, IV & V 8,114,000 T: 22-Oct-12 : 19-Nov-12
1. Sutanto 9. ESOP/MSOP Conversion III, IV & V 517,500 T: 29-Oct-12 : 01-Nov-12
2. Hery Kusnanto 10. ESOP/MSOP Conversion III, IV, V & VI 143,344,500 T: 29-May-13 : 27-Nov-13
3. John Aristianto Prasetio 11. Revision ESOP/MSOP III, IV, V & VI -8,000 24-Jun-13 24-Jun-13
4. Mohamed Idwan Ganie 12. ESOP/MSOP Conversion V & VI 176,625,500 T: 28-May-14 : 19-Nov-14
13. ESOP/MSOP Conversion VIII 15,000 18-Aug-16 18-Aug-16
CORPORATE SECRETARY
I Made Ray Karuna Wijaya
HEAD OFFICE
MNC Tower 26th Fl.
Jln. Kebon Sirih Kav. 17 - 19
Jakarta 10340
Phone : (021) 390-0065
Fax : (021) 392-0109, 390-4965, 392-7859
Homepage : www.mncgroup.com
Email : ray.wijaya@mncgroup.com

TRADING ACTIVITIES
Media Nusantara Citra Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
3,800 400 Jan-13 2,650 2,275 2,375 34,386 642,003 1,559,472 21
Feb-13 2,975 2,300 2,950 26,895 380,307 980,432 20
3,325 350 Mar-13 3,275 2,750 2,825 30,497 358,184 1,053,598 19
Apr-13 3,275 2,850 3,125 25,671 1,047,479 2,498,012 22
May-13 3,675 3,025 3,350 40,792 827,156 2,754,723 22
2,850 300
Jun-13 3,350 2,425 3,125 52,067 641,136 1,868,702 19
Jul-13 3,375 2,650 3,100 37,323 386,505 1,188,245 23
2,375 250
Aug-13 3,375 2,350 2,950 40,251 459,397 1,292,266 17
Sep-13 3,375 2,700 2,700 37,027 594,473 1,829,040 21
1,900 200
Oct-13 3,025 2,475 2,500 42,841 679,718 1,829,601 21
Nov-13 2,725 2,325 2,675 39,727 547,552 1,370,696 20
1,425 150 Dec-13 2,750 2,400 2,625 27,379 238,428 610,480 19
950 100 Jan-14 2,650 2,180 2,235 58,448 341,933 821,125 20

Feb-14 2,535 2,200 2,535 46,230 333,935 789,549 20
475 50 Mar-14 2,850 2,470 2,630 49,623 301,730 791,129 20
Apr-14 2,940 2,600 2,715 44,177 294,985 809,448 20
May-14 2,830 2,585 2,830 32,371 190,004 514,792 18
Jun-14 2,900 2,605 2,760 30,902 153,671 427,351 21
Jul-14 2,800 2,550 2,615 41,980 222,941 590,045 18
Aug-14 2,980 2,640 2,805 40,202 189,092 537,696 20
Sep-14 3,230 2,650 3,195 41,293 189,308 558,581 22
January 2013 - July 2017 Dec-14 2,555 2,180 2,540 60,432 309,297 746,815 20
60%
Jan-15 2,905 2,460 2,860 58,171 413,394 1,160,725 21
45% Feb-15 3,150 2,800 3,150 88,106 421,290 1,283,964 19
Mar-15 3,160 2,725 2,865 75,423 367,509 1,087,081 22
34.4%
30% Apr-15 2,880 2,200 2,205 65,901 462,054 1,284,744 21
24.2% May-15 2,345 2,050 2,060 65,110 320,034 708,945 19
15% Jun-15 2,180 1,815 1,940 58,576 275,467 547,239 21
Jul-15 2,125 1,830 2,045 43,492 245,312 484,833 19
Aug-15 2,190 1,450 1,895 59,482 214,122 398,068 20
-
Sep-15 1,855 1,410 1,640 47,061 161,442 264,114 21
Oct-15 2,000 1,630 1,785 76,795 316,534 573,119 21
-15%
Nov-15 1,840 1,595 1,625 38,242 108,085 184,152 21
Dec-15 1,925 1,635 1,855 36,738 153,831 273,103 19
-30% -30.1%
Jan-16 1,870 1,185 1,190 56,486 529,219 764,824 20
-45% Feb-16 2,050 1,190 1,860 98,075 938,608 1,413,108 20
Mar-16 2,220 1,810 2,180 89,938 622,524 1,274,909 21
-60% Apr-16 2,415 1,960 2,350 67,257 621,218 1,402,403 21
Jun-16 2,360 2,090 2,200 49,067 366,494 817,268 22
Jul-16 2,330 2,120 2,150 41,555 274,504 612,491 16
Days 244 242 244 246 135 Dec-16 1,900 1,470 1,755 40,351 548,551 1,036,970 20
Price (Rupiah) Jan-17 1,810 1,625 1,695 34,701 274,029 474,246 21

High 3,675 3,230 3,160 2,415 2,050 Feb-17 1,715 1,495 1,660 58,961 505,787 819,734 19
Low 2,275 2,180 1,410 1,185 1,495 Mar-17 1,850 1,610 1,850 54,977 521,093 887,844 22
Close 2,625 2,540 1,855 1,755 1,800 Apr-17 1,910 1,685 1,825 49,862 281,494 510,372 17
Close* 2,625 2,540 1,855 1,755 1,800 May-17 2,050 1,720 1,900 89,311 467,092 889,858 20
Jun-17 1,970 1,795 1,840 36,667 200,942 379,448 15
PER (X) 26.86 19.58 22.34 13.02 15.25 Jul-17 1,855 1,700 1,800 43,135 232,977 414,990 21
PER Industry (X) 15.42 22.13 14.53 19.07 8.98
PBV (X) 4.78 4.14 2.77 2.57 2.61

Cash & Cash Equivalents 574,761 1,132,001 306,810 499,174 434,865 15,000
Receivables 3,062,803 3,215,473 3,395,309 3,053,716 3,073,597

1,332,726 1,634,832 1,593,231 1,950,303 2,075,468 12,000
Inventories
Current Assets 6,811,828 8,670,175 7,726,851 6,638,010 6,610,238
9,000
Fixed Assets 1,542,677 2,659,203 4,145,497 4,824,369 5,118,663
Other Assets 56,382 530,609 78,920 108,322 134,568
6,000
Total Assets 9,615,280 13,609,033 14,474,557 14,239,867 14,729,516
Growth (%) 41.54% 6.36% -1.62% 3.44% 3,000
Current Liabilities 1,606,491 892,276 1,039,805 4,198,739 4,826,983 -

Long Term Liabilities 265,215 3,323,544 3,868,359 554,030 557,334 2013 2014 2015 2016 Jun-17
Growth (%) 125.24% 16.42% -3.17% 13.29%
9,393 9,487 9,345
Paid up Capital 1,409,946 1,427,609 1,427,609 1,427,610 1,427,610 9,566
Par Value 100 100 100 100 100

7,615

7,743,574 9,393,213 9,566,393 9,487,098 9,345,199
5,663
Total Equity
Growth (%) 21.30% 1.84% -0.83% -1.50% 3,712
Total Revenues 6,522,347 6,665,978 6,444,935 6,730,276 3,625,492

Growth (%) 2.20% -3.32% 4.43%
-191
2013 2014 2015 2016 Jun-17
Cost of Revenues 2,850,657 2,813,381 2,860,607 2,874,751 1,511,172

Gross Profit 2,850,657 3,852,597 3,584,328 3,855,525 2,114,320
Expenses (Income) 1,278,161 1,308,818 1,903,550 1,702,593 864,150
6,445
Growth (%)
6,730
5,357

3,625
Tax 583,687 660,347 403,810 669,977 415,759

Growth (%) 4.07% -32.20% 16.13%

1,238
Current Ratio (%) 424.02 971.69 743.11 158.10 136.94
1,883
1,810
Dividend (Rp) 60.00 63.00 - 42.00 - 1,883
EPS (Rp) 119.95 123.42 83.05 95.87 54.29 1,483

BV (Rp) 549.21 657.97 670.10 664.54 654.60 1,499
1,277
DAR (X) 0.19 0.31 0.34 0.33 0.37
DER(X) 0.24 0.45 0.51 0.50 0.58
1,115
834
ROA (%) 18.82 13.84 8.82 10.41 5.66 731
ROE (%) 23.37 20.05 13.35 15.63 8.93

GPM (%) 43.71 57.79 55.61 57.29 58.32 347
OPM (%) - - - - -
NPM (%) 27.75 28.25 19.81 22.03 23.02
-38
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 50.02 51.04 - 43.81 -
Yield (%) 2.29 2.48 - 2.39 -

COMPANY REPORT
MYRX
HANSON INTERNATIONAL TBK.
Company Profile

PTHansonInternationalTbk.(formerlyPTHansonIndustriUtamaTbk.)wasestablishedon
July7th,1971andstarteditscommercialoperationin1973.

TheCompanyismainlyengagedinindustry,generaltradeanddevelopment.TheCompany
starteditscommercialoperationin1997.TheCompanyscurrentactivityisonlyinvesting
initssubsidiaries.

Hanson establishing in the Property Sector. Hansonland PT Hanson International Tbk. is
emerging as Indonesias major property developer, with a landbank in excess of 3,000
hectaresinverystrategiclocationsingreaterJakarta.HansonlandisdedicatedtoBuilding
CitiesforLifeandtodeliverhighqualitypropertiestoitscustomers.

PTHansonInternationalTbk.,holdingcompanyalongwithitssubsidiarieshasmadesteady
progress in the development of land banks into residential and commercial areas. The
CompanyhassignedstrategicJointVentureagreementswithCiputraGroup,areputedand
established company to develop close to 500 hectares of land in Maja Raya, Greater
Jakarta.

TheCompanyhasalsosecuredJointVentureagreementswithaconsortiumofprominent
developers in Indonesia to develop 850 Hectares of land in Serpong. This would become
City of Future with all modern amenities. The Company partners with Pacific Millennium
Land is a consortium of prominent developers of Jakarta, who foresee Serpong as a
tremendous potential opportunity and are committed to develop a world class city. The
developers are experienced in building Seven Star and Five star Hotels, high rise
commercial and residential properties. Hanson has synergized with PML to develop
MillenniumCityinSerpongoveranareaof850Hectares.ThisstrategiclocationinSerpong
areawillbethemostsoughtafterlivingdestinationbecauseoftheexcellentinfrastructure,
schools,medicalfacilitiesandshoppingmalls.

The Company does not have parent entity and ultimate parent entity which has control
overtheCompany.ThetotalnumberofemployeesatJune30th,2017was21permanent
employees.
August 2017
Disclaimer:

MYRX Hanson International Tbk. [S]
Development Board Individual Index : 88.657
93 | 10.2T | 0.16% | 84.69%
6 | 60.5T | 3.22% | 35.71%

Established Date : 07-Jul-1971 1. Benny Tjokrosaputro 8,426,148,776 : 10.70%
Listing Date : 31-Oct-1990 2. PT ASABRI (Persero) 7,049,963,500 : 8.96%
PT Aseam Indonesia
PT PDFCI Securities DIVIDEND ANNOUNCEMENT
PT Sinar Mas Bonus Cash Recording Payment
F/I
PT Ficomindo Buana Registrar 1989 118.00 16-Jan-91 17-Jan-91 24-Jan-91 25-Feb-91 F
Mayapada Tower 10th Fl. Suite 02 B, Jln. Jend. Sudirman Kav. 28, 1990 50.00 16-Jan-91 17-Jan-91 24-Jan-91 25-Feb-91 I
Karet - Setiabudi, Jakarta 12920 1990 10 : 1 21-Jun-91 24-Jun-91 01-Jul-91 22-Jul-91 SD
Phone : (021) 521-2316, 2317 1991 1:1 200.00 18-May-92 19-May-92 26-May-92 26-Jun-92 F
Fax : (021) 521-2320 1992 50.00 28-Apr-93 29-Apr-93 10-May-93 10-Jun-93 F
1995 10.00 23-Jul-96 24-Jul-96 01-Aug-96 30-Aug-96 F
BOARD OF COMMISSIONERS 1996 20.00 26-May-97 27-May-97 04-Jun-97 03-Jul-97 F
1. I Nyoman Tjager 1997 4:9 13-Nov-98 16-Nov-98 25-Nov-98 21-Dec-98 BS
2. Monang Situmeang SH.
3. Venkatama Ramana Tata *) ISSUED HISTORY
*) Independent Commissioners Listing Trading
BOARD OF DIRECTORS 1. First Issue 1,000,000 31-Oct-90 31-Oct-90
1. Benny Tjokrosaputro 2. Partial Listing 1,450,000 31-Oct-90 07-Nov-90
2. Adnan Tabrani 3. Bonus Shares 700,000 21-Feb-92 21-Feb-92
3. George Ignasius Ratulangi 4. Company Listing 4,550,000 18-Jun-92 18-Jun-92
4. R.Agus Santosa 5. Bonus Shares 7,700,000 14-Aug-92 14-Aug-92
5. Rony Agung Suseno 6. Right Issue 92,400,000 29-Dec-97 29-Dec-97
7. Stock Split 107,800,000 02-Nov-98 02-Nov-98
AUDIT COMMITTEE 8. Bonus Shares 485,100,000 11-Jan-99 11-Jan-99
1. Venkata Ramana Tata 9. Additional Listing 4,513,705,164 11-Dec-02 11-Dec-02
2. Dewi Kencana Sari 10. Additional Listing without RI 633,540,016 13-Dec-12 13-Dec-12
3. Ibrahim Hasybi 11. Right Issues 8,362,728,216 02-Jan-14 02-Jan-14
12. Additional Listing without RI 500,000,000 16-Dec-15 16-Dec-15
CORPORATE SECRETARY 13. Additional Listing without RI 143,614,500 30-Dec-15 30-Dec-15
Rony Agung Suseno 14. Additional Listing without RI 889,552,339 06-Jan-16 06-Jan-16
15. Stock Split Seri A 2,802,800,000 15-Aug-16 15-Aug-16
HEAD OFFICE 16. Stock Split Seri B 60,172,560,940 15-Aug-16 15-Aug-16
Mayapada Tower 21st Fl.
Jln. Jend. Sudirman Kav. 28
Jakarta
Phone : (021) 521-3555
Fax : (021) 521-4555
Homepage : www.hanson.co.id
Email : rony@hanson.co.id

TRADING ACTIVITIES
Hanson International Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
200 5,600 Jan-13 320 260 315 87,950 1,803,276 483,087 21
Feb-13 440 315 440 114,729 2,942,086 1,071,247 20
175 4,900 Mar-13 510 410 510 38,068 1,968,622 835,915 19
Apr-13 510 450 490 30,119 1,858,711 874,265 22
May-13 630 470 630 29,777 2,058,740 1,058,741 22
150 4,200
Jun-13 740 610 740 32,980 2,247,657 1,427,005 19
Jul-13 740 610 630 30,767 1,833,184 1,194,730 23
125 3,500
Aug-13 640 550 580 17,268 1,302,136 774,395 17
Sep-13 670 550 560 25,322 2,073,031 1,212,263 21
100 2,800
Oct-13 600 520 530 19,065 1,771,312 982,315 21
Nov-13 540 500 500 15,384 1,328,809 704,556 20
75 2,100 Dec-13 590 495 570 14,342 1,838,843 938,820 19
50 1,400 Jan-14 615 520 595 30,182 1,513,524 829,800 20

Feb-14 605 565 600 33,198 1,709,521 968,617 20
25 700 Mar-14 680 575 670 35,590 1,902,399 1,121,541 20
Apr-14 670 590 620 36,945 2,413,894 1,409,251 20
May-14 670 600 625 26,991 1,385,837 849,269 18
Jun-14 665 605 605 126,341 2,157,050 1,307,572 21
Jul-14 635 575 625 102,581 3,118,104 1,824,044 18
Aug-14 680 600 665 92,688 2,244,923 1,298,751 20
Sep-14 695 590 620 88,381 3,486,173 2,151,596 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 635 600 620 73,817 2,536,871 1,545,151 23
Property, Real Estate and Bulding Construction Index Nov-14 710 615 690 67,495 3,091,209 1,796,035 20
January 2013 - July 2017 Dec-14 695 645 695 47,966 1,950,424 1,290,320 20
245%
Jan-15 720 650 710 38,282 1,701,983 1,066,302 21
210% Feb-15 775 695 755 89,953 1,505,853 1,060,692 19
Mar-15 785 735 755 76,400 1,888,313 1,392,377 22
175% Apr-15 755 705 710 55,146 1,356,293 981,428 21
May-15 780 705 780 66,636 1,730,755 1,247,310 19
140% Jun-15 770 469 740 82,737 2,666,721 1,796,143 21
132.1% Jul-15 745 700 715 45,087 1,231,383 877,347 19
Aug-15 720 625 720 52,202 2,204,681 1,513,002 20
105%
Sep-15 730 670 695 58,029 2,938,886 2,019,706 21
Oct-15 710 660 675 59,702 4,373,759 2,960,989 21
70%
Nov-15 695 635 655 68,064 5,149,621 3,398,221 21
51.7% Dec-15 685 595 635 18,682 6,833,162 4,280,684 19
35% 34.4%
Jan-16 700 600 670 23,562 4,758,101 2,934,954 20
- Feb-16 920 650 855 29,817 3,494,048 2,574,432 20
Mar-16 850 780 805 28,042 3,689,544 2,877,165 21
-35% Apr-16 835 780 810 40,405 4,617,569 3,607,729 21
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 810 760 765 40,449 4,317,393 3,286,056 20
Jun-16 835 745 785 43,783 5,584,822 4,320,872 22
Jul-16 805 755 775 26,477 3,872,905 2,919,991 16
Days 244 242 244 246 135 Dec-16 192 155 169 65,349 40,856,479 6,910,818 20
Price (Rupiah) Jan-17 175 151 152 66,010 45,790,343 6,952,301 21

High 740 710 785 920 175 Feb-17 153 112 124 96,529 55,664,921 6,968,819 19
Low 260 520 469 130 108 Mar-17 150 108 142 99,482 68,221,447 7,938,655 22
Close 570 695 635 169 130 Apr-17 150 132 139 56,901 43,376,272 5,640,548 17
Close* 114 139 127 169 130 May-17 140 123 123 27,842 27,980,883 3,443,531 20
Jun-17 135 125 131 12,298 12,544,912 1,556,689 15
PER (X) 313.21 -2,376.29 475.77 65.08 -50.16 Jul-17 139 125 130 12,649 9,246,954 1,198,133 21
PER Industry (X) 15.42 22.13 14.53 24.89 14.46
PBV (X) 0.68 2.03 1.49 2.18 1.72

Receivables 18,446 56,270 131,568 168,808 132,864

8,000
Inventories 4,037 773 471,368 342,564 540,604

6,000
Investment - 554,878 652,973 1,037,454 1,036,918
Fixed Assets 272,367 269,168 2,021 3,242 3,673
4,000
Other Assets 23,089 22,489 929 53 49
Total Assets 5,335,863 5,414,788 8,298,895 8,410,269 9,554,344
2,000
Growth (%) 1.48% 53.26% 1.34% 13.60%
-
Trade Payable 823 - - 17,713 104,412 2013 2014 2015 2016 Jun-17
Total Liabilities 454,786 552,854 1,977,051 2,396,356 3,054,350
Growth (%) 21.56% 257.61% 21.21% 27.46%
Minority Interest - - - 6,500
6,322
6,014
Paid up Capital 1,836,450 1,836,340 1,976,571 2,005,080 2,145,220

4,881 4,862
5,174
Par Value 500 & 110 500 & 110 500 & 110 100 & 22 100 & 22
-1,150,889 -1,154,006 -1,127,590 -1,056,871 -1,054,804
3,848
Retained Earnings
Total Equity 4,881,077 4,861,934 6,321,844 6,013,913 6,499,904 2,522
Growth (%) -0.39% 30.03% -4.87% 8.08%

1,196

Total Revenues 170,002 135,409 81,858 740,024 271,982
-130
2013 2014 2015 2016 Jun-17

Growth (%) -20.35% -39.55% 804.04%
Cost of Revenues 140,205 73,589 52,440 322,977 154,070

Gross Profit 29,796 61,820 29,417 417,047 117,912
Operating Expenses -56,502 24,501 54,978 116,796 70,137 740
Operating Profit 86,298 37,319 -25,560 300,252 47,775

740
Growth (%) -56.76% N/A N/A 589
Other Income (Expenses) -73,193 -35,571 -26,161 -195,223 -44,402 438
Income before Tax 13,105 1,748 -55,814 105,029 3,373 272

Tax 12,861 377 40 36,976 1,186 287
170
Profit for the period 245 1,371 14,494 68,053 2,187 135
82
Growth (%) 460.18% 957.54% 369.54%
136
-15
Period Attributable 10,642 3,117 19,826 70,719 23,346 2013 2014 2015 2016 Jun-17
Comprehensive Income -119,320 1,371 14,481 68,021 2,097
Comprehensive Attributable -108,922 -3,117 19,813 70,687 23,346
Dividend (Rp) - - - - - 68
EPS (Rp) 0.02 0.10 0.95 0.86 0.03

BV (Rp) 343.48 342.13 412.34 76.40 82.57 54
DAR (X) 0.09 0.10 0.24 0.28 0.32

DER(X) 0.09 0.11 0.31 0.40 0.47
40
ROA (%) 0.00 0.03 0.17 0.81 0.02 26
ROE (%) 0.01 0.03 0.23 1.13 0.03 14

GPM (%) 17.53 45.65 35.94 56.36 43.35 13
0.2 1.4 2.2

OPM (%) 50.76 27.56 -31.23 40.57 17.57
NPM (%) 0.14 1.01 17.71 9.20 0.80
-1
2013 2014 2015 2016 Jun-17

Yield (%) - - - - -

COMPANY REPORT
PGAS
PERUSAHAAN GAS NEGARA
(PERSERO) TBK.
Company Profile
PTPerusahaanGasNegara(Persero)Tbk.wasestablishedin1859.OnMay13th,1965,theCompany
wasstatedasstateownedenterpriseandknownasPerusahaanNegaraGas(PN.Gas).

ThestatusoftheCompanywaschangedfromapublicserviceenterprise(Perum)toastateowned
limited liability company (Persero) and the name was changed to PT Perusahaan Gas Negara
(Persero)basedonGovernmentRegulationNo.37year1994.

The Companys purposes are to implement and support the Governments economic and national
developmentprograms,particularlyindevelopingusesofnaturalgasforthebenefitofthepublicas
well as in the supply of a sufficient volume and quality of gas for public consumption. To achieve
these objectives, the Company carries out planning, construction, operating and development of
natural gas downstream business which includes processing, transporting, storing and trading,
planning, construction, production development, supplying and distribution of processed gas; or
other businesses which support the foregoing activities in accordance with prevailing laws and
regulations. Currently, the Companys principal business was the distribution and transmission of
naturalgastoindustrial,commercialandhouseholdusers.

To achieve responsive sales target, the Company has divided its business areas into three Regional
Distribution(RD)andoneRegionalTransmission(RT),asfollows:
1. RegionalDistributionI,coversWesternJavaRegionuntilSouthSumatera,
2. RegionalDistributionII,coversEasternJavaRegion,
3. RegionalDistributionIII,coversNorthernSumateraRegionandtheRiauIslands,
4. RegionalTransmissioncoversSumateraJavaRegion.

TheCompanycommencedtheconstructionofSouthSumateraWestJavagastransmissionIandII
willexpectedopereatingmaximumcapacityof460mmscfdand520mmscfd.

Thecompanyhasownershipinsubsidiaries: PTPGASTelekomunikasiNusantara,PTPGASSolution,
PT Saka Energi Indonesia, PT Gagas Energi Indonesia, PT PGN LNG Indonesia, PT Permata Graha
Nusantara.AsofMarch31st,2017,theCompanyandSubsidiarieshadatotalof2,304employees.

August 2017
Disclaimer:
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 publicat

PGAS Perusahaan Gas Negara (Persero) Tbk. [S]
Industry Sub Sector : Energy (71) Market Capitalization : 54,543,393,441,000
20 | 54.5T | 0.85% | 59.58%
11 | 26.2T | 1.39% | 45.32%

Established Date : 01-Feb-1905 1. Negara Republik Indonesia 13,809,038,756 : 56.96%
Under Writer IPO :
PT ABN AMRO Asia Securities Indonesia Bonus Cash Recording Payment
F/I
Wisma Sudirman - Puri Datindo 2004 1.71 23-Dec-04 27-Dec-04 29-Dec-04 30-Dec-04 I
Phone : (021) 570-9009 2005 104.43 30-Jun-06 03-Jul-06 05-Jul-06 14-Jul-06 F
2008 41.74 15-Jul-09 16-Jul-09 21-Jul-09 04-Aug-09 F
BOARD OF COMMISSIONERS 2009 10.00 08-Dec-09 09-Dec-09 11-Dec-09 23-Dec-09 I
1. Fajar Harry Sampurno 2009 144.20 08-Jul-10 09-Jul-10 13-Jul-10 27-Jul-10 F
2. IGN Wiratmaja Puja 2010 10.20 27-Dec-10 28-Dec-10 30-Dec-10 04-Jan-11 I
3. Kiswodarmawan *) 2010 144.24 19-Jul-11 20-Jul-11 22-Jul-11 04-Aug-11 F
4. Mohamad Ikhsan 2011 10.87 30-Nov-11 01-Dec-11 05-Dec-11 16-Dec-11 I
5. Paiman Rahardjo *) 2011 123.75 12-Jun-12 13-Jun-12 15-Jun-12 29-Jun-12 F
6. Tirta Hidayat 2012 202.77 10-May-13 13-May-13 15-May-13 29-May-13 F
*) Independent Commissioners 2013 210.40 28-Apr-14 29-Apr-14 02-May-14 19-May-14 F
2016 75.18 12-May-17 15-May-17 17-May-17 07-Jun-17 F
BOARD OF DIRECTORS
1. Hendi Prio Santoso ISSUED HISTORY
2. Danny Praditya Listing Trading
3. Dilo Seno Widagdo No. Type of Listing Shares Date Date
4. Hendi Kusnadi 1. First Issue 1,296,296,000 15-Dec-03 15-Dec-03
5. Muhammad Wahid Sutopo 2. Company Listing 3,024,691,000 T: 15-Dec-03 : 15-Jun-04
6. Nusantara Suyono 3. MSOP Conversion 215,637,305 T: 13-Dec-04 : 28-Dec-06
4. MSOP Conversion II 3,261,500 T: 10-Nov-06 : 16-Feb-07
AUDIT COMMITTEE 5. ESOP Conversion 53,551,388 T: 18-Jan-08 : 19-Feb-08
1. Paiman Rahardjo 6. Stock Split 18,373,748,772 04-Aug-08 04-Aug-08
2. Kurnia Sari Dewi 7. Government Project Fund Conversion 1,274,322,231 T: 16-Apr-09 : 16-Oct-09
3. Luki Karunia
4. Tirta Hidayat
5. Yovita Lasti Handini
CORPORATE SECRETARY
Heri Yusup
HEAD OFFICE
Jln. K.H. Zainul Arifin No. 20
Jakarta - 11140
Phone : (021) 633-4838
Fax : (021) 633-1632
Homepage : www.pgn.co.id
Email : heri.yusup@pgn.co.id

TRADING ACTIVITIES
Perusahaan Gas Negara (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
6,400 400 Jan-13 4,725 4,450 4,675 33,296 535,744 2,462,840 21
Feb-13 4,875 4,575 4,800 27,481 517,665 2,446,564 20
5,600 350 Mar-13 6,100 4,850 5,950 37,631 684,572 3,657,960 19
Apr-13 6,350 5,550 6,250 29,703 573,930 3,376,638 22
May-13 6,450 5,500 5,500 39,143 655,792 4,013,862 22
4,800 300
Jun-13 5,800 4,600 5,750 59,111 873,388 4,642,986 19
Jul-13 6,050 5,350 5,900 50,191 572,520 3,265,952 23
4,000 250
Aug-13 6,000 4,875 5,400 38,726 416,560 2,206,294 17
Sep-13 5,600 4,975 5,200 48,396 718,169 3,806,937 21
3,200 200
Oct-13 5,500 4,975 5,100 50,291 579,000 3,018,710 21
Nov-13 5,100 4,450 4,850 53,784 531,321 2,588,151 20
2,400 150 Dec-13 4,950 4,375 4,475 37,139 414,903 1,956,824 19
1,600 100 Jan-14 4,780 4,120 4,770 106,143 731,381 3,299,365 20

Feb-14 5,075 4,660 4,900 61,662 432,426 2,115,770 20
800 50 Mar-14 5,350 4,850 5,125 73,931 547,714 2,773,081 20
Apr-14 5,575 5,100 5,325 62,511 494,101 2,620,377 20
May-14 5,800 5,250 5,425 39,910 403,160 2,219,449 18
Jun-14 5,575 5,200 5,575 46,024 388,534 2,098,889 21
Jul-14 6,125 5,400 5,900 53,554 391,901 2,259,475 18
Aug-14 6,100 5,700 5,800 53,579 296,364 1,739,898 20
Sep-14 6,100 5,825 6,000 55,429 355,364 2,126,646 22
Infrastructure, Utilities and Transportation Index Nov-14 6,225 5,825 5,950 44,381 382,941 2,307,438 20
January 2013 - July 2017 Dec-14 6,075 5,775 6,000 56,406 424,716 2,521,726 20
60%
Jan-15 6,050 4,995 5,050 92,906 887,651 4,816,967 21
45% Feb-15 5,500 5,050 5,200 66,654 624,549 3,312,449 19
Mar-15 5,400 4,600 4,800 96,871 782,389 3,975,099 22
34.4%
30% 33.8% Apr-15 4,890 4,100 4,100 121,106 952,937 4,338,820 21
May-15 4,360 3,855 4,295 106,169 768,554 3,183,949 19
15% Jun-15 4,390 4,155 4,315 82,956 429,183 1,834,395 21
Jul-15 4,350 3,900 4,000 63,869 386,941 1,600,087 19
Aug-15 4,020 2,720 2,780 113,149 640,762 1,974,156 20
-
Sep-15 2,965 2,150 2,530 168,748 1,736,188 4,599,265 21
Oct-15 3,160 2,535 3,000 125,908 1,030,877 3,030,555 21
-15%
Nov-15 3,080 2,560 2,655 94,906 782,374 2,261,286 21
Dec-15 2,915 2,305 2,745 96,859 569,389 1,521,635 19
-30%
Jan-16 2,770 2,350 2,405 96,049 607,085 1,517,643 20

-45% Feb-16 2,720 2,365 2,635 83,348 1,011,133 2,548,238 20
-51.1% Mar-16 2,760 2,585 2,615 91,592 1,160,564 3,080,358 21
-60% Apr-16 2,860 2,555 2,620 115,718 1,454,665 3,904,125 21
Jun-16 2,560 2,270 2,340 71,250 675,312 1,651,499 22
Jul-16 3,440 2,340 3,290 137,007 1,862,286 5,379,890 16
Frequency (Thou. X) 505 712 1,230 1,153 482 Nov-16 2,690 2,200 2,650 81,469 661,513 1,637,985 22
Days 244 242 244 246 135 Dec-16 2,940 2,460 2,700 62,582 785,642 2,142,389 20
Price (Rupiah) Jan-17 2,900 2,580 2,880 62,106 505,603 1,403,585 21

High 6,450 6,225 6,050 3,520 3,050 Feb-17 3,050 2,680 2,830 58,894 660,069 1,874,921 19
Low 4,375 4,120 2,150 2,170 2,200 Mar-17 2,850 2,410 2,530 97,897 811,989 2,084,960 22
Close 4,475 6,000 2,745 2,700 2,250 Apr-17 2,560 2,360 2,430 55,081 644,313 1,589,096 17
Close* 4,475 6,000 2,745 2,700 2,250 May-17 2,570 2,270 2,400 94,106 707,003 1,710,589 20
Jun-17 2,470 2,240 2,250 53,939 438,428 1,031,920 15
PER (X) 10.27 15.09 12.02 15.61 13.38 Jul-17 2,390 2,200 2,250 60,234 623,981 1,423,338 21
PER Industry (X) 12.11 20.04 9.49 8.16 15.40
PBV (X) 3.24 4.24 1.60 1.62 1.25

Receivables 3,875,102 5,125,490 5,675,984 7,459,754 7,241,576

179,329 812,909 636,891 877,280 801,667 80,000
Inventories
Current Assets 21,847,077 23,141,099 25,247,134 28,547,123 30,219,615
60,000
Fixed Assets 22,542,829 30,904,599 28,269,719 24,569,486 24,569,429
Other Assets 50,620 97,582 85,452 67,748 113,185
40,000
Total Assets 53,536,157 77,295,913 95,197,541 91,823,679 93,056,767
Growth (%) 44.38% 23.16% -3.54% 1.34% 20,000

Growth (%) 101.50% 25.82% -3.27% 0.30%
42,595 43,680
Paid up Capital 2,424,151 2,424,151 2,424,151 2,424,151 2,424,151 44,305
24,242 24,242 24,242 24,242 24,242 36,849

Paid up Capital (Shares)
33,463
Par Value 100 100 100 100 100
35,267

33,463,069 36,848,736 44,305,239 42,594,718 43,680,090
26,229
Total Equity
Growth (%) 10.12% 20.24% -3.86% 2.55% 17,190
Total Revenues 36,828,609 42,389,226 44,979,267 39,431,687 9,937,954

Growth (%) 15.10% 6.11% -12.33%
-886
2013 2014 2015 2016 Mar-17
Cost of Revenues 19,429,817 24,172,867 30,862,955 27,514,762 6,990,996

Gross Profit 17,398,792 18,216,359 14,116,312 11,916,925 2,946,958
Expenses (Income) 5,942,474 6,003,474 5,827,914 5,948,087 872,556
42,389
Growth (%) 6.60% -32.13% -27.99% 39,432
44,979
36,829
35,803
Other Income (Expenses) 2,348,434 -40,958 -1,793,392 -796,178 -392,535

Tax 2,836,789 2,873,884 591,768 1,026,527 379,940

9,938
Growth (%) -15.23% -36.51% -29.77%
8,276
Comprehensive Income 10,898,403 9,305,661 6,135,587 4,235,682 1,354,291 2013 2014 2015 2016 Mar-17
Current Ratio (%) 201.01 170.62 258.13 260.58 267.93
10,968
Dividend (Rp) 210.40 - - 75.18 - 10,968
9,298
EPS (Rp) 435.56 370.78 242.58 168.67 53.21
BV (Rp) 1,380.40 1,520.07 1,827.66 1,757.10 1,801.87 8,730
DAR (X) 0.37 0.52 0.53 0.54 0.53 5,903

DER(X) 0.60 1.10 1.15 1.16 1.13
6,493
4,146
ROA (%) 20.49 12.03 6.20 4.52 1.40 4,256
ROE (%) 32.78 25.23 13.32 9.73 2.98

GPM (%) 47.24 42.97 31.38 30.22 29.65 2,018 1,302
OPM (%) 31.11 28.81 18.43 15.14 20.87

NPM (%) 29.78 21.93 13.12 10.51 13.10
-219
2013 2014 2015 2016 Mar-17

Payout Ratio (%) 48.31 - - 44.57 -
Yield (%) 4.70 - - 2.78 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
PPRO
PP PROPERTI TBK.
Company Profile
PTPPPropertiTbkwasestablishedonDecember18th,2013.

TheobjectivesandgoalsoftheCompanyaredealinginservices,trading'sandconstructions,which
includesthefollowingactivities:
1. Hotel management services covering all aspects of planning, development, marketing,
operationsandmaintenanceofthehotel,bothsoftwareandhardware.
2. Servicesinplanningandsupervisionofconstructionandpropertyrelatedbusinessactivities.
3. Leasing and property management services, including management of leasing and
maintenance, maintenance and supplies of other supporting facilities, of, but not limited to,
housings,offices,apartments,condos,flatsandotherrelatedbusinessactivities.
4. Consulting services business field operations management and maintenance of real estate
propertiesandtheirareaofphysicalinfrastructureregional
5. Conductingbusinessinthefieldofpropertydevelopment,includingbutnotlimitedtotheareas
of housing, hotels, apartments, offices, industrial areas, tourism, management of sports
facilitiesandotherpropertyproducts.
6. Realty, including but not limited to the provision of landsites ready for development,
procurementofhousing,andmanagementofresidentialareas.
7. BuildingManagement
8. Traderelatedtorealestate,namelysaleandpurchaseofemptyorreadyforconstructionland
areas, sale and purchase of buildings, houses, office buildings, shopping buildings ,units of
apartment,condominiums,officespaces,shoppingareas,supermarketsandmalls.

As end of 2016, portofolio of PT PP Properti Tbk consisted of 3 segments, such as Residential,
Commercial and Hospitalitywith total 31projects thathad been built and developed, including 3
Hotels, 20 residential and 8 commercials across several cities nationwide, such as Jakarta,
Tangerang,Bogor,Semarang,Surabaya,BandungdanBalikpapan.

In 2016, management of PT PP Properti Tbk implemented comprehensive business strategy
includingseriesofeffectiveandefficientprogramandactivitiestosupportbusinessgrowthaswell
asstrengthenoperationalaspectofPTPPPropertiTbk.Realizationofbusinessstrategythroughout
2016 was achieved by improving principal aspects, as follows : 1. Advancing existing land assets
development,2.Addinglandassets,3.Increasingrecurringincome,3.Focusingonmidmarket,and
4.Continuosinnovation.

Thetotalnumberofemployees454employeesatJune30th,2017.

August 2017
Disclaimer:

PPRO PP Properti Tbk. [S]
77 | 12.8T | 0.20% | 81.84%
16 | 20.1T | 1.07% | 51.01%

Established Date : 12-Dec-2013 1. PT PP Persero Tbk. 40,063,119,098 : 64.90%
Listing Date : 19-May-2015 2. Asuransi Jiwasraya 5,458,760,970 : 8.80%
PT CLSA Indonesia
F/I
PT Mandiri Sekuritas Year Shares Dividend Cum Date Ex Date Date Date
PT CIMB Securities Indonesia 2015 4.27 27-Apr-16 28-Apr-16 02-May-16 20-May-16 F
Securities Administration Bureau : 2016 1.30 15-Mar-17 16-Mar-17 20-Mar-17 05-Apr-17 F
PT BSR Indonesia
Komplek Perkantoran ITC Roxy Mas Blok E1 No. 10-11 ISSUED HISTORY
Jln. K.H. Hasyim Ashari Jakarta 10150 Listing Trading
Fax : (021) 631-7827 1. First Issue 4,912,346,000 19-May-15 19-May-15
2. Company Listing 9,132,060,000 19-May-15 19-May-15
BOARD OF COMMISSIONERS 3. Stock Splits 42,133,218,000 16-Feb-17 16-Feb-17
1. Betty Ariana 4. Right Issue 23,561,621 18-Apr-17 18-Apr-17
2. Mohammad Farela *) 5. Right Issue 25,060,495 20-Apr-17 20-Apr-17
*) Independent Commissioners 6. Right Issue 22,491,067 21-Apr-17 21-Apr-17
7. Right Issue 4,659,845,129 25-Apr-17 25-Apr-17
BOARD OF DIRECTORS 8. Right Issue 767,089,571 27-Apr-17 27-Apr-17
1. Taufik Hidayat
2. Galih Saksono
3. Giyoko Surahmat
4. Indaryanto
5. Sinurlinda Gustina M.
AUDIT COMMITTEE
1. Mohammad Farela
2. Aryo Wibisono
3. Herry Subiyono
CORPORATE SECRETARY
Indaryanto
HEAD OFFICE
Plaza PP - Wisma Subiyanto, 2nd Fl.
Jln. Letjend. TB. Simatupang No. 57
Pasar Rebo, Jakarta 13760
Phone : (021) 8779-2734
Fax : (021) 841-5606
Homepage : www.pp-properti.com
Email : investor.relations@pp-properti.com

TRADING ACTIVITIES
PP Properti Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
Price* May 2015 - July 2017 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
380 5,600 May-15 250 193 194 63,574 4,545,009 908,518 9
Jun-15 198 151 187 37,224 1,793,892 328,470 21
333 4,900 Jul-15 195 178 181 16,315 731,268 137,014 19
Aug-15 184 135 147 20,022 931,865 147,882 20
Sep-15 153 127 127 17,126 767,189 112,354 21
285 4,200
Oct-15 171 127 163 38,507 2,155,686 340,186 21
Nov-15 210 150 188 56,009 4,301,928 800,763 21
238 3,500
Dec-15 192 165 178 22,773 1,470,938 268,028 19
190 2,800
Jan-16 193 173 185 30,977 1,538,488 285,756 20
Feb-16 210 181 196 35,793 2,202,315 425,738 20
143 2,100 Mar-16 237 196 220 35,108 2,321,386 474,641 21
Apr-16 328 218 303 73,814 5,456,919 1,568,438 21
95 1,400 May-16 390 280 376 61,664 2,716,746 906,531 20
Jun-16 535 374 505 65,467 2,560,413 1,126,635 22
48 700 Jul-16 630 500 615 34,404 1,530,987 833,742 16
Aug-16 860 615 770 61,694 2,601,588 1,949,825 22
Sep-16 1,385 755 1,330 97,418 3,473,350 3,514,761 21
Oct-16 1,490 1,185 1,355 79,556 2,587,794 3,151,114 21
May-15 Nov-15 May-16 Nov-16 May-17
Nov-16 1,450 1,110 1,445 47,841 1,568,010 2,052,087 22
Dec-16 1,445 1,160 1,360 28,546 2,753,161 3,293,074 20
Closing Price*, Jakarta Composite Index (IHSG) and Jan-17 1,360 1,200 1,270 19,290 405,458 527,108 21
Property, Real Estate and Bulding Construction Index Feb-17 1,330 270 328 53,033 1,559,747 624,366 19
May 2015 - July 2017 Mar-17 326 270 290 62,568 1,956,076 581,643 22
630% Apr-17 304 264 264 30,002 1,883,104 477,690 17
May-17 268 216 228 42,180 1,650,831 385,005 20
540% Jun-17 242 222 226 19,486 11,895,609 3,517,633 15
Jul-17 236 202 208 22,120 1,040,581 236,523 21
450%
360%
300.3%
270%
180%
90%
- 10.8%
-10.7%
-90%
May 15 Nov 15 May 16 Nov 16 May 17
SHARES TRADED 2015 2016 Jul-17

Volume (Million Sh.) 16,698 31,311 20,391
Value (Billion Rp) 3,043 19,582 6,350
Frequency (Thou. X) 272 652 249
Days 151 246 135
Price (Rupiah)
High 250 1,490 1,360
Low 127 173 202
Close 178 1,360 208
Close* 44 340 208
PER (X) 8.32 54.99 35.17

PER Industry (X) 13.36 24.89 14.46
PBV (X) 0.99 6.92 4.30

Public Accountant : Soejatna, Mulyana & Rekan
Cash & Cash Equivalents 357,422 624,472 1,120,260 11,250
Receivables 1,199,500 2,810,291 3,643,611

9,000
Inventories 1,498,070 1,606,415 1,792,356

6,750
Investment 208,875 312,974 360,329
Fixed Assets 1,674,282 1,997,713 2,124,736
4,500
Other Assets - - -
Total Assets 5,318,957 8,826,284 10,710,540
2,250
Growth (%) 65.94% 21.35%
-
Trade Payable 658,506 1,526,642 1,533,860 2015 2016 Jun-17
Total Liabilities 2,801,370 5,858,373 6,041,247
Growth (%) 109.13% 3.12%
Minority Interest - - 4,669
Authorized Capital 3,652,824 3,652,824 3,652,824 4,669
Paid up Capital 3,652,824 1,404,441 1,541,892

Paid up Capital (Shares) 36,528 14,044 61,676
3,717
2,968
Par Value 100 100 25 2,518
2,515,879 1,059,082 1,146,560
2,764
Retained Earnings
Total Equity 2,517,587 2,967,911 4,669,292 1,812
Growth (%) 17.89% 57.33%

859

Total Revenues 1,505,172 2,150,061 1,049,103
-93
2015 2016 Jun-17

Growth (%) 42.84%
Cost of Revenues 1,057,350 1,564,157 793,652

Gross Profit 447,823 585,904 255,450
Operating Expenses 62,323 78,631 42,090 2,150
Operating Profit 385,500 507,273 213,360

2,150
Growth (%) 31.59% 1,711
1,505
Other Income (Expenses) -13,848 -136,634 -51,058 1,273
1,049
Income before Tax 372,738 368,223 163,763
Tax 72,409 2,848 170 834
Profit for the period 300,329 365,374 163,593

Growth (%) 21.66%
396
-43
Period Attributable 300,325 365,383 160,569 2015 2016 Jun-17

Comprehensive Income 656,307 365,358 163,593
Comprehensive Attributable 635,658 365,366 160,569
Dividend (Rp) 4.27 1.30 - 365
EPS (Rp) 8.22 26.02 2.65 300
BV (Rp) 68.92 211.32 75.71 291
DAR (X) 0.53 0.66 0.56

DER(X) 1.11 1.97 1.29
216
164
ROA (%) 5.65 4.14 1.53 142
ROE (%) 11.93 12.31 3.50

GPM (%) 29.75 27.25 24.35 67
OPM (%) 25.61 23.59 20.34

NPM (%) 19.95 16.99 15.59
-7
2015 2016 Jun-17

Payout Ratio (%) 51.93 5.00 -
Yield (%) 1.89 0.58 -

COMPANY REPORT
PTBA
TAMBANG BATUBARA
BUKIT ASAM (PERSERO) TBK.
Company Profile

PT Tambang Batubara Bukit Asam (Persero) Tbk. was established on March 2, 1981. In
1993, the Company was appointed by the Indonesian Government to develop a Coal
BriquetteOperatingUnit.

ThescopeofactivitiesoftheCompanyanditssubsidiariescomprisescoalminingactivities,
including general surveying, exploration, exploitation, processing, refining, transportation
and trading, maintenance of special coal port facilities for internal and external needs,
operationofsteampowerplantsforinternalandexternalneedsandprovidingconsulting
servicesrelatedtothecoalminingindustryaswellasitsderivativeproducts.

Thecompanyhasdirectownershipinsubsidiaries:
PTBatubaraBukitKendi,businessactivity:coalmining
PTBukitAsamPrima,businessactivity:coaltrading
PTInternationalPrimaCoal,businessactivity:coalmining
PTBukitAsamMetanaOmbilin,businessactivity:coalmethanegasmining
PTBukitAsamMetanaEnim,businessactivity:coalmethanegasmining
PTBukitAsamMetanaPeranap,businessactivity:coalmethanegasmining
PTBukitAsamBanko,businessactivity:coalmining,tradingandindustry
PTBukitMultiInvestama,businessactivity:investmentinothercompanies
PTBukitEnergiInvestama.businessactivity:investmentinothercompanies.

TheCompanyhasanownershipinterestinthefollowingjointventureentities:
PT Bukit Pembangkit Innovative, Independent power producer, Tanjung Enim
SumateraSelatan
PTBukitAsamTranspacificRailway,Coaltransportationservices,Jakarta
PT Huadian Bukit Asam Power, Independent power producer, Tanjung Enim
SumateraSelatan.

AsofJune30th,2017,theCompanyhadatotalof2,469permanentemployees.
August 2017
Disclaimer:

PTBA Tambang Batubara Bukit Asam (Persero) Tbk. [S]
38 | 30.2T | 0.47% | 69.87%
42 | 9.79T | 0.52% | 70.39%

Listing Date : 23-Dec-2002 2. PT Tambang Batu Bara Bukit Asam (Persero) Tbk. 196,056,700 : 8.51%
Under Writer IPO : 3. Public (<5%) 609,987,650 : 26.47%
PT Danareksa Sekuritas
PT Datindo Entrycom Bonus Cash Recording Payment
F/I
Wisma Sudirman - Puri Datindo Year Shares Dividend Cum Date Ex Date Date Date
Fax : (021) 570-9026 2004 5.80 22-Dec-04 23-Dec-04 28-Dec-04 29-Dec-04 I
2005 87.48 05-Jul-05 06-Jul-05 08-Jul-05 22-Jul-05
1. Agus Suhartono *) 2006 105.39 29-May-07 30-May-07 04-Jun-07 15-Jun-07 I
2. Heru Setyobudi Suprayogo 2007 164.97 18-Jun-08 19-Jun-08 23-Jun-08 07-Jul-08 F
3. Johan O. Silalahi *) 2009 66.75 25-Nov-09 26-Nov-09 01-Dec-09 15-Dec-09 I
4. Muhammad Said Didu 2009 466.65 26-May-10 27-May-10 01-Jun-10 15-Jun-10 F
5. Purnomo Sinar Hadi 2010 66.75 20-Dec-10 21-Dec-10 23-Dec-10 29-Dec-10 I
6. Robert Heri 2010 456.37 04-Jul-11 05-Jul-11 07-Jul-11 21-Jul-11 F
*) Independent Commissioners 2011 103.46 28-Nov-11 29-Nov-11 01-Dec-11 15-Dec-11 I
2011 700.48 29-May-12 30-May-12 01-Jun-12 15-Jun-12 F
BOARD OF DIRECTORS 2012 720.75 20-May-13 21-May-13 23-May-13 07-Jun-13 F
1. Arviyan Arifin 2013 461.97 28-Apr-14 29-Apr-14 02-May-14 16-May-14 F
2. Arie Prabowo Ariotedjo 2014 324.57 07-Apr-15 08-Apr-15 10-Apr-15 30-Apr-15 I
3. Fuad Iskandar Zulkarnain Fachroeddin 2015 289.73 21-Apr-16 22-Apr-16 26-Apr-16 18-May-16 F
4. Joko Pramono 2016 285.50 28-Apr-17 02-May-17 04-May-17 24-May-17 F
5. Orias Petrus Moedak
6. Suryo Eko Hadianto ISSUED HISTORY
Listing Trading
AUDIT COMMITTEE No. Type of Listing Shares Date Date
1. S. Koenaryo 1. First Issue 346,500,000 23-Dec-02 23-Dec-02
2. Ai Supardini 2. Company Listing 1,785,000,000 23-Dec-02 23-Dec-02
3. Nuhindro Priagung Widodo 3. Warrant 172,631,850 T: 14-Dec-04 : 28-Dec-05
4. Seger Budiarjo
CORPORATE SECRETARY
Adib Ubaidillah
HEAD OFFICE
Menara Kadin Indonesia 15th Fl. & 9th Fl.
Jln. H.R. Rasuna Said X-5, Kav. 2 & 3
Jakarta 12950
Phone : (021) 525-4014
Fax : (021) 525-4002
Homepage : www.ptba.com
Email : aubaidillah@bukitasam.co.id

TRADING ACTIVITIES
Tambang Batubara Bukit Asam (Persero) Closing Price Freq. Volume Value
Day
Closing Volume
18,000 72.0 Jan-13 17,000 15,250 15,500 18,751 48,043 775,403 21
Feb-13 15,800 14,700 15,100 15,553 36,334 556,775 20
15,750 63.0 Mar-13 15,550 13,500 14,400 15,521 51,161 758,208 19
Apr-13 15,500 14,550 15,250 13,609 73,416 1,119,626 22
May-13 15,650 12,100 12,200 20,997 103,759 1,496,445 22
13,500 54.0
Jun-13 13,350 11,200 13,300 28,007 64,863 795,670 19
Jul-13 13,700 9,700 9,950 18,764 40,845 481,465 23
11,250 45.0
Aug-13 12,650 9,900 12,100 16,624 45,370 515,876 17
Sep-13 14,150 12,000 12,750 14,849 40,865 540,723 21
9,000 36.0
Oct-13 14,100 12,100 12,150 12,379 25,773 335,993 21
Nov-13 12,750 11,500 12,000 24,137 70,921 852,812 20
6,750 27.0 Dec-13 12,100 10,150 10,200 14,770 52,142 590,411 19
4,500 18.0 Jan-14 10,600 8,975 9,250 44,679 108,649 1,027,710 20

Feb-14 9,750 9,100 9,575 32,839 63,663 597,991 20
2,250 9.0 Mar-14 9,650 9,125 9,325 31,705 71,519 681,021 20
Apr-14 10,375 9,275 9,875 37,927 93,241 911,383 20
May-14 11,900 9,650 10,700 38,397 110,174 1,171,293 18
Jun-14 11,550 10,250 10,725 33,290 72,603 794,402 21
Jul-14 11,700 10,350 11,650 27,074 46,806 522,367 18
Aug-14 13,900 11,450 13,350 44,905 84,949 1,111,304 20
Sep-14 14,150 12,600 13,200 42,360 51,496 687,303 22
Mining Index Nov-14 13,575 11,875 13,150 24,797 40,529 519,174 20
January 2013 - July 2017 Dec-14 13,650 12,200 12,500 30,786 39,684 519,559 20
45%
Jan-15 12,525 10,100 11,375 41,254 60,844 690,666 21
34.4%
30% Feb-15 11,725 10,350 10,675 36,099 55,708 616,697 19
Mar-15 11,250 10,150 10,750 36,562 57,946 619,774 22
15% Apr-15 11,175 9,350 9,350 27,080 36,037 394,197 21
May-15 10,925 9,100 9,825 32,764 50,187 507,612 19
- Jun-15 9,950 8,250 8,400 30,956 42,212 390,524 21
Jul-15 8,475 6,000 6,000 35,339 60,945 426,944 19
Aug-15 6,625 5,025 5,850 39,760 73,026 428,155 20
-15%
-20.8% Sep-15 6,275 5,350 5,625 25,247 47,937 291,890 21
-24.7% Oct-15 7,550 5,500 7,300 53,867 112,986 784,874 21
-30%
Nov-15 7,825 5,600 5,600 60,412 204,268 1,249,230 21
Dec-15 5,800 4,305 4,525 76,121 143,545 708,778 19
-45%
Jan-16 4,610 4,150 4,450 44,672 60,404 267,843 20

-60% Feb-16 5,475 4,295 5,075 55,758 109,081 530,510 20
Mar-16 7,225 5,075 6,275 60,540 157,836 1,005,316 21
-75% Apr-16 7,800 6,125 7,050 52,267 135,945 964,444 21
Jun-16 8,300 6,425 7,700 49,476 114,910 891,749 22
Jul-16 10,375 7,650 9,850 39,970 80,512 761,313 16
Volume (Million Sh.) 653 830 946 1,198 439 Sep-16 10,450 9,075 9,625 33,524 79,943 803,546 21
Days 244 242 244 246 135 Dec-16 13,625 11,725 12,500 38,603 67,509 853,687 20
Price (Rupiah) Jan-17 12,825 10,675 11,600 30,453 47,180 552,513 21

High 17,000 14,150 12,525 13,775 14,200 Feb-17 11,850 10,625 11,175 36,698 57,220 641,083 19
Low 9,700 8,975 4,305 4,150 10,200 Mar-17 13,350 10,200 13,200 42,277 82,932 961,215 22
Close 10,200 12,500 4,525 12,500 13,100 Apr-17 14,200 11,975 12,675 36,205 64,571 838,708 17
Close* 10,200 12,500 4,525 12,500 13,100 May-17 12,600 10,525 10,900 39,612 71,810 803,729 20
Jun-17 11,975 10,725 11,950 29,865 64,742 735,063 15
PER (X) 12.87 13.65 5.12 20.54 8.71 Jul-17 13,375 11,750 13,100 33,026 50,973 646,176 21
PER Industry (X) 20.76 3.23 0.60 -4.41 6.07
PBV (X) 3.11 3.53 1.12 3.00 2.68

Receivables 1,427,572 1,439,401 1,595,580 2,285,065 3,276,337

901,952 1,033,360 1,233,175 1,102,290 854,470 15,000
Inventories
Current Assets 6,479,783 7,416,805 7,598,476 8,349,927 8,234,673
11,250
Fixed Assets 2,803,393 3,987,565 5,579,117 6,087,746 6,103,006
Other Assets 119,746 119,719 102,318 154,010 453,719
7,500
Total Assets 11,677,155 14,812,023 16,894,043 18,576,774 18,669,611
Growth (%) 26.85% 14.06% 9.96% 0.50% 3,750

Growth (%) 48.86% 23.86% 5.49% -16.65%
Paid up Capital 1,152,066 1,152,066 1,152,066 1,152,066 1,152,066 10,552
8,671
Par Value 500 500 500 500 500
9,537
7,552
7,551,569 8,670,842 9,287,547 10,552,405 11,980,935
7,093
Total Equity
Growth (%) 14.82% 7.11% 13.62% 13.54% 4,649
Total Revenues 11,209,219 13,077,962 13,733,627 14,058,869 8,967,029

Growth (%) 16.67% 5.01% 2.37%
-240
2013 2014 2015 2016 Jun-17
Cost of Revenues 7,745,646 9,056,219 9,593,903 9,657,400 5,622,085

Gross Profit 3,463,573 4,021,743 4,139,724 4,401,469 3,344,944
Expenses (Income) 1,310,735 1,711,545 1,725,384 1,870,662 867,620
Operating Profit 2,152,838 2,310,198 2,414,340 2,530,807 2,477,324 13,734 14,059
13,078
Growth (%) 7.31% 4.51% 4.82%
14,059
11,209
11,191
Other Income (Expenses) 308,524 364,528 249,456 202,992 -2,588 8,967

Tax 607,081 655,512 626,685 672,511 728,024

Growth (%) 8.89% 0.89% -0.62%

2,587
Current Ratio (%) 286.59 207.51 154.35 165.58 234.01
2,019 2,037 2,024
Dividend (Rp) 461.97 324.57 289.73 285.50 - 2,037
1,854
1,747
EPS (Rp) 792.55 875.02 883.59 870.69 748.18
BV (Rp) 3,277.40 3,763.17 4,030.82 4,579.77 5,199.76 1,622
DAR (X) 0.35 0.41 0.45 0.43 0.36

DER(X) 0.55 0.71 0.82 0.76 0.56
1,206
ROA (%) 15.88 13.63 12.06 10.90 9.36 790
ROE (%) 24.55 23.29 21.93 19.18 14.58

GPM (%) 30.90 30.75 30.14 31.31 37.30 375
OPM (%) 19.21 17.66 17.58 18.00 27.63

NPM (%) 16.54 15.44 14.83 14.40 19.48
-41
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 58.29 37.09 32.79 32.79 -
Yield (%) 4.53 2.60 6.40 2.28 -

COMPANY REPORT
PTPP
PEMBANGUNAN PERUMAHAN
(PERSERO) TBK.
Company Profile

PTPembangunanPerumahan(Persero)Tbk.wasestablisheddatedAugust26th,1953.

The Company's goals and objectives are to take part in construction business industry,
fabrication industry, rental service, agency, investment, agro industry, engineering
procurement and constructions (EPC), trades, site area management, enhancement in
constructioncapabilityservices,informationtechnology,tourism,hotelsbusinessservice,
engineeringandplanningservice,developmentservicestoproducehighqualityandhighly
competitive goods and/or service, and to generate profit to add value to the entity by
applyinglimitedliabilitycompanyprinciples.

The current business activities of the Company are in construction services, real estate
(developer),propertiesandinvestmentininfrastructureandenergy.

ToincreasevaluetotheCompany,themanagementadoptsacorporatestrategiesonthe
basis of four business pillars: Construction, EPC (Energy, Oil & Gas), Investment and
Property. To achieve the goals, the Company adopted the Company's vision: "PT PP
(Persero)TbkVision".

The vision shall become strategic guide lines in facing future challenge, which is: "To
becomealeadingconstructionandinvestmentcompanywhichprovideshighaddedvalues
toallofitsstakeholders".TheCompany'snewvision:"ToBeaLeaderinConstrustionand
InvestmentCompanyinIndonesiawhichInternationallyCompetitive".

AsofJune30th,2016theCompanyhad1,885employees.
August 2017
Disclaimer:

PTPP PP (Persero) Tbk. [S]
59 | 18.8T | 0.29% | 77.46%
26 | 14.9T | 0.79% | 60.19%

Established Date : 26-Aug-1953 1. Negara Republik Indonesia 3,161,947,836 : 51.00%
Listing Date : 09-Feb-2010 2. Public (<5%) 3,037,949,518 : 49.00%
Under Writer IPO :
PT Mandiri Sekuritas DIVIDEND ANNOUNCEMENT
F/I
PT DBS Vickers Securities Indonesia Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2009 10.11 09-Jul-10 12-Jul-10 14-Jul-10 28-Jul-10 F
PT BSR Indonesia 2010 14.57 07-Jul-11 08-Jul-11 12-Jul-11 15-Jul-11 F
Komplek Perkantoran ITC Roxy Mas Blok E1 No. 10-11 2011 14.88 07-Jun-12 08-Jun-12 12-Jun-12 15-Jun-12 F
Jln. K.H. Hasyim Ashari Jakarta 10150 2012 19.19 22-May-13 23-May-13 27-May-13 10-Jun-13 F
2016 49.52 23-Mar-17 24-Mar-17 29-Mar-17 13-Apr-17 F
1. Oktavianus Dominggus AGN (Andi Gani Nena Wea) *) ISSUED HISTORY
2. Arie Setiadi Moerwanto Listing Trading
3. Aryanto Sutadi *) No. Type of Listing Shares Date Date
4. Hediyanto W. Husaini 1. Negara RI (Seri A) 1 09-Feb-10 00-Jan-00
5. Muhammad Khoerur Roziqin 2. Penawaran Umum 1,038,976,500 09-Feb-10 09-Feb-10
6. Sumardi 3. Company Listing 2,469,642,759 09-Feb-10 09-Feb-10
7. Wismana Adi Suryabrata 4. PP Employees Cooperative 1,333,817,240 09-Feb-10 08-Oct-10
*) Independent Commissioners 5. Right Issue I 194,201,459 15-Dec-16 15-Dec-16
6. Right Issue I 802,295,711 16-Dec-16 16-Dec-16
BOARD OF DIRECTORS 7. Right Issue I 251,487,198 19-Dec-16 19-Dec-16
1. Tumiyana 8. Right Issue I 90,074,959 21-Dec-16 21-Dec-16
2. Abdul Haris Tatang 9. Right Issue I 19,401,527 27-Dec-16 27-Dec-16
3. Agus Purbianto
4. Lukman Hidayat
5. M. Aprindy
6. Mohamad Toha Fauzi
AUDIT COMMITTEE
1. Aryanto Sutadi
2. Handoko Tripriyono
3. Sularso
CORPORATE SECRETARY
Nugroho Agung Sanyoto
HEAD OFFICE
Plaza PP
Jln. Letjend. T.B. Simatupang No. 57,
Pasar Rebo, Jakarta 13760
Phone : (021) 840-3883; 877-84137
Fax : (021) 840-3890
Homepage : www.pt-pp.com
Email : corsec@pt-pp.com

TRADING ACTIVITIES
PP (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
4,600 160 Jan-13 900 760 870 16,564 617,373 522,744 21
Feb-13 940 860 920 11,923 419,197 378,668 20
4,025 140 Mar-13 1,230 890 1,200 17,716 790,488 798,175 19
Apr-13 1,430 1,130 1,420 19,097 690,182 884,041 22
May-13 1,750 1,410 1,750 24,287 727,035 1,131,154 22
3,450 120
Jun-13 1,780 1,250 1,350 36,109 812,645 1,189,127 19
Jul-13 1,530 950 1,420 37,739 873,532 1,103,275 23
2,875 100
Aug-13 1,530 830 1,060 31,214 672,174 765,094 17
Sep-13 1,270 840 1,120 51,644 1,283,678 1,414,590 21
2,300 80
Oct-13 1,440 1,060 1,310 34,973 898,458 1,077,363 21
Nov-13 1,350 1,100 1,150 19,864 372,873 448,996 20
1,725 60 Dec-13 1,250 1,110 1,160 17,127 421,327 489,944 19
1,150 40 Jan-14 1,370 1,105 1,350 18,040 347,504 443,365 20

Feb-14 1,465 1,295 1,405 25,148 496,128 694,477 20
575 20 Mar-14 1,850 1,385 1,830 30,450 618,599 1,026,256 20
Apr-14 1,960 1,630 1,845 34,058 562,369 1,009,244 20
May-14 1,990 1,780 1,910 24,955 332,727 625,382 18
Jun-14 1,900 1,710 1,850 17,958 257,943 464,091 21
Jul-14 2,420 1,795 2,260 42,486 462,899 998,247 18
Aug-14 2,505 2,200 2,465 33,365 266,229 641,406 20
Sep-14 2,535 2,100 2,150 34,176 272,040 638,895 22
January 2013 - July 2017 Dec-14 3,625 3,060 3,575 43,018 339,061 1,125,226 20
490%
Jan-15 3,925 3,475 3,915 56,124 403,485 1,503,473 21
420% Feb-15 4,245 3,850 4,060 50,094 269,943 1,079,418 19
Mar-15 4,070 3,645 3,795 60,287 350,386 1,344,045 22
350% Apr-15 4,100 3,600 3,925 50,080 355,458 1,380,910 21
May-15 4,215 3,800 4,020 40,119 176,464 711,806 19
293.6% Jun-15 4,030 3,130 3,470 52,156 194,400 691,295 21
280%
Jul-15 4,190 3,440 3,905 50,075 199,427 774,366 19
Aug-15 3,960 2,960 3,310 68,100 249,986 862,115 20
210%
Sep-15 3,585 3,110 3,465 42,260 165,650 568,854 21
Oct-15 3,930 3,470 3,810 43,871 192,689 719,571 21
140%
Nov-15 3,905 3,625 3,625 26,147 92,107 346,353 21
Dec-15 3,920 3,600 3,875 20,317 66,476 250,396 19
70%
51.7%
34.4% Jan-16 4,015 3,770 3,900 28,192 121,525 477,360 20
- Feb-16 4,015 3,645 3,690 44,874 188,256 727,058 20
Mar-16 3,985 3,670 3,860 37,755 159,238 608,761 21
-70% Apr-16 3,895 3,550 3,665 25,658 124,271 465,637 21
Jun-16 3,980 3,600 3,900 35,263 269,621 1,039,186 22
Jul-16 4,170 3,780 3,860 25,698 185,919 730,981 16
Days 244 242 244 246 135 Dec-16 4,250 3,510 3,810 40,317 367,445 1,414,387 20
Price (Rupiah) Jan-17 3,840 3,440 3,590 41,657 322,631 1,170,603 21

High 1,780 3,625 4,245 4,850 3,840 Feb-17 3,810 3,470 3,480 35,899 302,769 1,097,521 19
Low 760 1,105 2,960 3,300 2,690 Mar-17 3,630 3,250 3,310 55,119 503,864 1,712,769 22
Close 1,160 3,575 3,875 3,810 3,030 Apr-17 3,510 3,000 3,180 43,801 464,183 1,514,204 17
Close* 1,103 3,398 3,683 3,810 3,030 May-17 3,230 2,690 3,130 88,165 958,387 2,808,838 20
Jun-17 3,250 3,040 3,140 25,550 206,278 647,407 15
PER (X) 13.35 44.75 25.35 31.26 36.56 Jul-17 3,370 2,840 3,030 46,285 395,937 1,225,815 21
PER Industry (X) 9.57 16.29 13.36 24.89 14.46
PBV (X) 2.83 8.06 3.67 4.12 1.79

Public Accountant : Soejatna, Mulyana & Rekan
Receivables 2,187,005 3,135,044 4,111,735 6,297,782 7,423,983

26,000
Inventories 177,419 2,570,346 2,498,625 2,655,638 2,845,384

19,500
Investment 289,598 417,692 622,833 634,235 1,020,596
Fixed Assets 141,882 493,576 2,989,066 4,177,883 4,448,204
13,000
Other Assets - - - 21,204 21,001
Total Assets 12,415,669 14,611,865 19,128,812 31,232,767 31,824,912
6,500
Growth (%) 17.69% 30.91% 63.28% 1.90%
-
Growth (%) 17.17% 14.63% 45.87% -1.58%
10,796
Paid up Capital 484,244 484,244 484,244 619,990 619,990
9,321
Par Value 100 100 100 100 100

1,037,220 1,442,959 2,076,892 2,921,539 3,187,076
6,933
Retained Earnings 5,119

Total Equity 1,984,747 2,390,270 5,119,072 10,796,158 11,710,330 4,544
Growth (%) 20.43% 114.16% 110.90% 8.47% 2,390

1,985
2,155

Total Revenues 11,655,844 12,427,371 14,217,373 16,458,884 8,126,182
-234
2013 2014 2015 2016 Jun-17

Growth (%) 6.62% 14.40% 15.77%
Cost of Revenues 10,382,923 10,894,711 12,210,412 14,003,355 6,944,054

Gross Profit 1,272,922 1,532,660 2,006,961 2,455,530 1,182,129
Operating Profit 1,073,385 1,256,702 1,597,164 1,968,199 889,586

16,459
14,217
Growth (%) 17.08% 27.09% 23.23% 13,101
11,656
12,427
Other Income (Expenses) -306,495 -337,257 -309,630 -264,589 2,292 9,744
8,126
Income before Tax 766,890 919,445 1,287,534 1,703,610 891,878
Tax 346,170 387,380 441,971 552,178 260,020 6,386
Profit for the period 420,720 532,065 845,563 1,151,432 631,858

Growth (%) 26.47% 58.92% 36.17%
3,028
-329
Period Attributable 420,708 531,951 740,323 1,023,369 572,548 2013 2014 2015 2016 Jun-17
Comprehensive Income 420,720 532,065 2,037,652 1,277,066 617,629
Comprehensive Attributable 420,708 531,951 1,932,412 1,149,004 558,319
Dividend (Rp) 26.06 21.97 - 49.52 - 1,151
EPS (Rp) 86.88 109.88 174.62 185.72 101.91

846
BV (Rp) 409.87 493.61 1,057.13 1,741.34 1,888.79 917
DAR (X) 0.84 0.84 0.73 0.65 0.63 632

DER(X) 5.26 5.11 2.74 1.89 1.72 532
682
ROA (%) 3.39 3.64 4.42 3.69 1.99 421

447
ROE (%) 21.20 22.26 16.52 10.67 5.40

GPM (%) 10.92 12.33 14.12 14.92 14.55 212
OPM (%) 9.21 10.11 11.23 11.96 10.95

NPM (%) 3.61 4.28 5.95 7.00 7.78
-23
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 29.99 20.00 - 26.66 -
Yield (%) 0.83 0.70 - 1.58 -

COMPANY REPORT
PWON
PAKUWON JATI TBK.
Company Profile

PTPakuwonJatiTbk.isadiversifiedrealestatedeveloperfocusedinJakartaandSurabaya.
The Company's portfolio of prime properties includes retail, residential, commercial and
hospitalitydevelopments

Established in 1982 and listed on both the Jakarta and Surabaya Stock exchanges since
1989, Pakuwon Jati is an established brand name with over 25 years of experience
successfully developing, marketing and operating properties. The Company is vertically
integrated across the full real estate value chain from land acquisition, property
development,marketingandoperationalmanagement.

PakuwonJatiisthepioneeroftheSuperblockconceptinIndonesia,alargescaleintegrated
mixeduse development of retail shopping mall, office, condominium and hotel. Its
successful track record and reputation within the property industry has secured strong
longtermrelationshipswithtenantsandbuyers,whichprovidesastableplatformforrapid
businessexpansion.

BasedonCompanysArticleofAssociations,theCompanyisengagedinbusiness:
1) Shoppingcenter:TunjunganPlaza,KotaKasablanka,GandariaCity
2) BusinesscenternamedasMandiriOfficeTower,Gandaria8OfficeTower
3) HotelnamedasSheratonSurabayaHotelandTowers,GandariaHotel
4) Real estate business Pakuwon City Township, Condominium Regensi, CasaGrande
Condominium,GandariaHeightsCondominium.

TheCompanyhasdirectandindirectownershipinsubsidiaries:PTArtisanWahyu,PTElite
PrimaHutama,PTPakuwonSentraWisata,PTPakuwonRegency,PTGramaPramesiSiddhi,
PakuwonPrimaPte.Ltd.Singapore,ArtiusGrandisPte.Ltd.Singapore,PTCentrumUtama
Prima, PT Pakuwon Permai, PT Dwijaya Manunggal, PT Pakuwon Sentosa Abadi, and PT
PermataBerlianRealty.

The company started commercial operations in May 1986. The Company and its
subsidiarieshadtotalnumberofemployeesof3,112asofJune30th,2017.
August 2017
Disclaimer:

PWON Pakuwon Jati Tbk. [S]
31 | 34.2T | 0.53% | 66.37%
35 | 11.8T | 0.63% | 66.39%

Established Date : 20-Sep-1982 1. PT Pakuwon Arthaniaga 24,759,548,800 : 51.00%
Listing Date : 09-Oct-1989 2. JPMCB Na Re- PT Pakuwon 6,080,129,840 : 12.00%
PT Danareksa (Persero)
PT Inter-Pacific Financial Corporation Bonus Cash Recording Payment
F/I
PT Sirca Datapro Perdana 1990 50.00 08-Jun-90 11-Jun-90 15-Jun-90 22-Jul-90
Jln. Johar No. 18 1991 75.00 28-Feb-91 01-Mar-91 08-Mar-91 08-Apr-91
Menteng, Jakarta 10340 1991 30.00 10-Jun-92 12-Jun-92 19-Jun-92 20-Jul-92 F
Phone : (021) 314-0032, 390-5920, 390-0645 1991 2:1 23-Nov-92 24-Nov-92 01-Dec-92 23-Dec-92 B
Fax : (021) 314-0185, 390-0652, 390-0671 1992 25.00 09-Aug-93 10-Aug-93 18-Aug-93 18-Sep-93 F
1993 25.00 12-Jul-94 13-Jul-94 20-Jul-94 19-Aug-94 F
1. Alexander Tedja 1995 17.50 30-May-96 31-May-96 10-Jun-96 08-Jul-96 F
2. Dyah Pradnyaparamita Duarsa *) 1996 25.00 27-Jun-97 30-Jun-97 08-Jul-97 06-Aug-97 F
3. Richard Adisastra 2011 1.45 09-Oct-12 10-Oct-12 12-Oct-12 25-Oct-12 F
*) Independent Commissioners 2012 3.50 08-Oct-13 09-Oct-13 11-Oct-13 25-Oct-13 F
2013 4.50 17-Jul-14 18-Jul-14 22-Jul-14 12-Aug-14 F
BOARD OF DIRECTORS 2014 4.50 02-Jul-15 03-Jul-15 07-Jul-15 29-Jul-15 F
1. Alexander Stephanus Ridwan Suhendra 2015 4.50 11-Jul-16 12-Jul-16 14-Jul-16 29-Jul-16 F
2. Eiffel Tedja 2016 4.50 09-Jun-17 12-Jun-17 14-Jun-17 06-Jul-17 F
3. Lauw, Syane Wahyuni Loekito
4. Minarto ISSUED HISTORY
5. Sutandi Purnomosidi Listing Trading
6. Wong Boon Siew Ivy No. Type of Listing Shares Date Date
AUDIT COMMITTEE 2. Company Listing 17,000,000 09-Oct-89 09-Oct-89
1. Agus Soesanto 3. Right Issue 50,000,000 01-Oct-91 01-Oct-91
2. Antonius Susanto 4. Bonus Shares 35,000,000 24-Dec-92 24-Dec-92
3. Lisawati 5. Right Issue 1,650 18-Jul-94 19-Aug-94
6. Right Issue 20,500 18-Jul-94 19-Aug-94
CORPORATE SECRETARY 7. Right Issue 20,078,445 18-Jul-94 24-Aug-94
Minarto 8. Right Issue 9,804,048 18-Jul-94 30-Aug-94
9. Right Issue 74,483,629 18-Jul-94 31-Aug-94
HEAD OFFICE 10. Right Issue 543,853 18-Jul-94 01-Sep-94
EastCoast Center 5th Fl. 11. Right Issue 5,000 18-Jul-94 29-Jul-94
Pakuwon Town Square - Pakuwon City 12. Right Issue 4,300 18-Jul-94 05-Aug-94
Jln. Kejawan Putih Mutiara No. 17, Surabaya 13. Right Issue 6,500 18-Jul-94 10-Aug-94
Phone : (031) 582-08788 14. Right Issue 21,625 18-Jul-94 11-Aug-94
Fax : (031) 582-08798 15. Right Issue 30,450 18-Jul-94 16-Aug-94
16. Stock Split 210,000,000 29-Jan-96 29-Jan-96
Homepage : www.pakuwon.com 17. Add. Listing without RI 247,000,000 03-Feb-06 03-Feb-06
Email : minarto@pakuwon.com 18. Add. Listing without RI (canceled) -247,000,000 20-Mar-06 20-Mar-06
19. CB Conversion 22,705,000 21-Mar-06 21-Mar-06
20. CB Conversion 224,295,000 27-Mar-06 27-Mar-06
21. CB Conversion 876,577,000 08-Aug-06 08-Aug-06
22. Stock Split 6,174,308,000 19-Sep-07 19-Sep-07
23. Bonus Shares 2,315,365,500 22-Aug-08 22-Aug-08
24. Right Issue 2,006,650,100 02-Jan-12 02-Jan-12
25. Stock Split 36,119,701,800 30-Mar-12 30-Mar-12

TRADING ACTIVITIES
Pakuwon Jati Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
760 3,200 Jan-13 285 220 275 33,019 1,794,827 468,474 21
Feb-13 365 270 360 37,849 2,265,935 696,864 20
665 2,800 Mar-13 390 330 385 39,189 2,099,959 754,102 19
Apr-13 410 345 405 55,798 2,863,722 1,079,612 22
May-13 430 370 420 63,308 5,045,118 2,006,700 22
570 2,400
Jun-13 425 305 345 53,787 2,935,423 1,041,998 19
Jul-13 390 310 380 40,125 2,138,014 729,542 23
475 2,000
Aug-13 390 240 290 26,014 1,402,520 447,531 17
Sep-13 310 250 285 38,823 1,910,635 551,184 21
380 1,600
Oct-13 320 260 310 41,350 1,643,983 475,042 21
Nov-13 315 250 250 26,908 1,219,425 331,106 20
285 1,200 Dec-13 290 250 270 23,647 1,320,513 351,679 19
190 800 Jan-14 340 261 307 48,959 976,326 299,281 20

Feb-14 355 303 330 45,367 1,135,771 374,607 20
95 400 Mar-14 392 323 350 52,428 1,413,058 511,373 20
Apr-14 392 338 352 61,363 1,702,129 622,424 20
May-14 408 353 408 43,214 1,025,350 388,372 18
Jun-14 400 337 349 36,740 791,084 293,337 21
Jul-14 449 344 415 50,717 1,380,171 550,046 18
Aug-14 500 390 435 84,200 4,427,598 1,911,446 20
Sep-14 445 391 404 77,849 2,110,045 890,296 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 450 376 450 63,633 1,644,833 684,270 23
Property, Real Estate and Bulding Construction Index Nov-14 525 429 515 55,333 1,190,333 555,625 20
January 2013 - July 2017 Dec-14 555 456 515 54,593 1,351,233 683,696 20
245%
Jan-15 545 462 499 112,556 6,716,000 3,274,163 21
210% 215.6%
Feb-15 565 481 550 69,429 2,561,866 1,316,795 19
Mar-15 555 486 515 85,765 2,978,488 1,509,847 22
175% Apr-15 535 435 438 90,113 2,140,590 1,061,334 21
May-15 475 417 442 92,895 3,477,942 1,530,904 19
140% Jun-15 455 372 430 85,264 2,619,761 1,091,585 21
Jul-15 451 390 415 61,440 1,756,072 737,236 19
Aug-15 422 313 380 60,816 2,245,579 826,986 20
105%
Sep-15 378 328 331 53,599 1,480,527 524,279 21
Oct-15 464 329 426 78,340 2,154,735 876,440 21
70%
Nov-15 468 408 461 54,174 1,081,725 481,291 21
51.7% Dec-15 505 416 496 47,304 1,190,925 554,015 19
35% 34.4%
Jan-16 505 418 448 69,744 1,567,648 723,416 20
- Feb-16 498 435 458 81,565 1,774,679 824,176 20
Mar-16 540 456 484 71,210 1,787,386 894,038 21
-35% Apr-16 550 481 525 49,505 1,334,420 691,248 21
Jun-16 645 530 615 60,831 1,835,551 1,076,340 22
Jul-16 665 600 650 50,914 1,696,267 1,073,981 16
Days 244 242 244 246 135 Dec-16 700 535 565 64,212 2,085,323 1,275,702 20
Price (Rupiah) Jan-17 610 555 560 53,285 1,080,674 633,472 21

High 430 555 565 765 725 Feb-17 615 550 590 52,646 1,306,378 748,621 19
Low 220 261 313 418 540 Mar-17 630 550 615 47,746 915,329 536,537 22
Close 270 515 496 565 710 Apr-17 650 540 625 38,985 642,888 384,275 17
Close* 270 515 496 565 710 May-17 705 560 610 79,366 1,366,885 851,351 20
Jun-17 635 600 615 26,796 984,853 601,956 15
PER (X) 11.48 14.14 18.93 15.55 24.05 Jul-17 725 600 710 40,480 928,860 592,791 21
PER Industry (X) 9.57 16.29 13.36 24.89 14.46
PBV (X) 3.17 4.57 2.53 2.56 2.94

Receivables 166,915 303,348 301,528 237,296 513,317

18,000
Inventories 1,051,081 1,671,766 2,254,347 2,859,710 3,242,657

13,500
Investment 268,531 20,971 18,056 54,810 49,406
Fixed Assets 673,096 964,375 1,457,275 1,699,652 1,667,536
9,000
Other Assets 11 20,725 3,337 3,477 3,240
Total Assets 9,298,245 16,770,743 18,778,122 20,674,142 21,885,258
4,500
Growth (%) 80.36% 11.97% 10.10% 5.86%
-
Growth (%) 63.36% 9.84% 3.55% 4.90%
11,020
Paid up Capital 1,203,990 1,203,990 1,203,990 1,203,990 1,203,990 9,455

9,359
8,283
Par Value 25 25 25 25 25
2,310,166 1,607,954 5,654,568 7,108,616 7,792,403
6,961
Retained Earnings
Total Equity 4,102,509 8,283,071 9,455,056 11,019,694 11,758,066 4,562
4,103
Growth (%) 101.90% 14.15% 16.55% 6.70%

2,163

Total Revenues 3,029,797 3,872,273 4,625,053 4,841,105 2,950,671
-235
2013 2014 2015 2016 Jun-17

Growth (%) 27.81% 19.44% 4.67%
Cost of Revenues 1,264,879 1,714,248 1,956,525 2,087,579 1,279,914

Gross Profit 1,764,919 2,158,025 2,668,528 2,753,526 1,670,757
Operating Expenses 433,727 -701,281 1,243,386 1,021,762 685,732 4,841
4,625
Operating Profit - - - 1,731,764 -
4,841
3,872
Growth (%) 3,854
3,030 2,951
Other Income (Expenses) - - - - - 2,866

Tax 194,644 260,165 24,588 -48,491 11,378 1,878

Growth (%) 128.69% -46.11% 27.11%
891
-97
Period Attributable 1,132,820 2,515,505 1,261,887 1,670,767 900,505 2013 2014 2015 2016 Jun-17
Comprehensive Income 1,136,548 2,597,079 1,408,606 1,776,412 968,910
Dividend (Rp) 4.50 4.50 4.50 4.50 - 2,599
EPS (Rp) 23.60 53.97 29.08 36.97 20.22

BV (Rp) 85.19 171.99 196.33 228.82 244.15 2,069
1,780
DAR (X) 0.56 0.51 0.50 0.47 0.46 1,401
DER(X) 1.27 1.02 0.99 0.88 0.86
1,539
1,137
974
ROA (%) 12.22 15.50 7.46 8.61 4.45 1,008
ROE (%) 27.70 31.38 14.81 16.16 8.28

GPM (%) 58.25 55.73 57.70 56.88 56.62 478
OPM (%) - - - 35.77 -

NPM (%) 37.51 67.12 30.28 36.77 33.00
-52
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 19.07 8.34 15.47 12.17 -
Yield (%) 0.73 0.73 0.73 0.73 -

COMPANY REPORT
SCMA
SURYA CITRA MEDIA TBK.
Company Profile

The Company was formed on 29 January 1999 to operate as a holding company for
multimediaservicesaswellasconsultancyservicesinthemediaandrelatedbusiness.The
mainpurposebehinditscreation,however,wastobroadenthehorizonsofPTSuryaCitra
Televisi(SCTV),oneofthelargestTVbroadcastingstationsinIndonesia,today.
As a media broadcasting company, SCTV is restricted by law to operate solely and

exclusively as a broadcasting company for which it was licenced for. Yet, the business
prospects of an integrated multimedia services group are simply too promising to be
ignored.
Hence,theestablishmentofTheCompanysignifiedtheemergenceofahighlyprospective
multimedia group with longterm growth opportunities. The Company subsequently
acquired 100% share of SCTV over a period of time between November 2001 and April
2002,andwentpublicinJuly2002.
PT Elang Mahkota Teknologi Tbk. is the ultimate parent entity of the Company and its
subsidiaries.

SubsidiariesdirectlyownedbytheCompanyareasfollows:
PTSuryaCitraTelevisi(SCTV),
PTIndosiarVisualMandiri,
PTScreenplayProduksi,
PTBangkaTeleVision,
PTSuryaCitraPesona,
PTSuryaTrioptimaMultikreasi,
PTSuryaCitraGelora,and
PTIndonesiaEntertainmenGroup.

AsofJune30th,2017,theCompanyandSubsidiarieshad2,851employees.

August 2017
Disclaimer:

SCMA SuryaCitraMediaTbk.
Industry Sub Sector : Advertising, Printing And Media (95) Market Capitalization : 34,506,978,912,240
29 | 34.5T | 0.54% | 65.29%
45 | 9.70T | 0.52% | 71.94%

Established Date : 29-Jan-1999 1. PT Elang Mahkota Teknologi 8,892,740,251 : 60.82%
Under Writer IPO :
PT CLSA Indonesia DIVIDEND ANNOUNCEMENT
F/I
Plaza Central Building 2nd Fl. 2002 15.00 20-Aug-02 21-Aug-02 26-Aug-02 09-Sep-02 I
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 2002 30.00 01-Jul-03 02-Jul-03 04-Jul-03 18-Jul-03 F
Phone : (021) 252-5666 2003 5.00 05-Aug-04 06-Aug-04 10-Aug-04 25-Aug-04 F
2004 25.00 08-Dec-05 09-Dec-05 13-Dec-05 28-Dec-05 F
1. Raden Soeyono 2006 8.00 15-Dec-06 18-Dec-06 20-Dec-06 05-Jan-07 I
2. Glenn Muhammad Surya Yusuf *) 2007 20.00 01-Aug-07 02-Aug-07 06-Aug-07 21-Aug-07 I
3. Jay Geoffrey Wacher 2007 8.00 10-Sep-08 11-Sep-08 15-Sep-08 29-Sep-08 F
4. Raden Alvin Widarta Sariaatmadja 2008 40.00 16-Dec-08 17-Dec-08 19-Dec-08 08-Jan-09 I
5. Suryani Zaini *) 2008 130.00 19-Jun-09 22-Jun-09 24-Jun-09 07-Jul-09 F
2010 60.00 08-Nov-10 09-Nov-10 11-Nov-10 23-Nov-10 I
BOARD OF DIRECTORS 2010 225.00 27-Jun-11 28-Jun-11 01-Jul-11 12-Jul-11 F
1. Sutanto Hartono 2011 35.00 27-Jun-11 28-Jun-11 01-Jul-11 12-Jul-11 I
2. Harsiwi Achmad 2011 125.00 14-Jun-12 15-Jun-12 19-Jun-12 03-Jul-12 F
3. Imam Sudjarwo 2012 48.00 06-May-13 07-May-13 10-May-13 24-May-13 F
4. Mutia Nandika 2013 15.00 21-Nov-13 22-Nov-13 26-Nov-13 10-Dec-13 I
5. Rusmiyati Djajaseputra 2013 51.00 18-Aug-14 19-Aug-14 21-Aug-14 04-Sep-14 F
2014 70.00 28-Apr-15 29-Apr-15 04-May-15 21-May-15 F
AUDIT COMMITTEE 2015 55.00 03-Dec-15 04-Dec-15 08-Dec-15 22-Dec-15 I
1. Glenn Muhammad Surya Yusuf 2015 28.00 25-May-16 26-May-16 30-May-16 06-Jun-16 F
2. Emmanuel Bambang Suyitno 2016 55.00 02-Dec-16 05-Dec-16 07-Dec-16 22-Dec-16 I
3. Patricia M. Sugondo 2016 18.00 26-May-17 29-May-17 31-May-17 08-Jun-17 F
CORPORATE SECRETARY ISSUED HISTORY

Gilang Iskandar Listing Trading
HEAD OFFICE 1. First Issue 375,000,000 16-Jul-02 16-Jul-02
SCTV Tower -Senayan City 2. First Issue (Green Shoe) 56,250,000 16-Jul-02 16-Jul-02
Jln. Asia Afrika Lot. 19 3. Company Listing 1,443,750,000 T: 16-Jul-02 : 28-Feb-03
Jakarta 10270 4. Warrant 18,750,000 05-Mar-03 05-Mar-03
Phone : (021) 279-35599 5. ESOP Conversion 56,250,000 T: 23-May-08 : 14-Jun-12
Fax : (021) 279-35598 6. Stock Splits 7,800,000,000 29-Oct-12 29-Oct-12
7. Merger with IDKM 4,871,601,234 01-May-13 01-May-13
Homepage : www.scm.co.id
Email : gilang.iskandar@indosiar.com

TRADING ACTIVITIES
Surya Citra Media Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
4,200 800 Jan-13 2,500 2,175 2,375 2,844 74,017 168,664 21
Feb-13 2,975 2,150 2,575 7,347 114,123 268,789 20
3,675 700 Mar-13 2,925 2,450 2,775 5,901 158,946 415,150 19
Apr-13 2,950 2,625 2,800 4,171 177,045 482,182 20
May-13 3,125 2,625 2,900 7,102 224,109 651,217 22
3,150 600
Jun-13 2,950 2,250 2,725 8,696 192,983 503,785 19
Jul-13 2,925 2,300 2,675 7,002 124,551 329,380 23
2,625 500
Aug-13 3,000 2,300 2,500 5,905 140,977 378,417 17
Sep-13 2,750 2,300 2,550 7,547 167,051 421,739 21
2,100 400
Oct-13 2,575 2,150 2,350 9,540 196,809 473,590 21
Nov-13 2,975 2,250 2,850 22,527 652,332 1,798,826 20
1,575 300 Dec-13 2,875 2,450 2,625 10,133 252,342 676,768 19
1,050 200 Jan-14 2,750 2,530 2,650 24,535 120,592 313,839 20

Feb-14 2,805 2,410 2,805 46,992 310,886 785,287 20
525 100 Mar-14 3,300 2,700 3,200 60,060 357,086 1,066,820 20
Apr-14 3,415 3,000 3,150 45,515 201,924 655,546 20
May-14 3,415 3,015 3,170 31,337 256,918 813,709 18
Jun-14 3,615 3,100 3,585 30,599 387,714 1,298,374 21
Jul-14 3,900 3,250 3,800 41,264 519,179 1,817,851 18
Aug-14 4,200 3,690 4,110 55,141 696,177 2,697,996 20
Sep-14 4,190 3,725 3,825 46,879 173,175 681,805 22
January 2013 - July 2017 Dec-14 3,510 3,190 3,500 40,549 921,781 3,194,315 20
105%
Jan-15 3,730 3,205 3,415 62,923 408,147 1,407,805 21
90% Feb-15 4,040 3,325 3,650 72,671 383,350 1,392,435 19
Mar-15 3,680 3,150 3,395 70,054 418,705 1,451,881 22
75% Apr-15 3,470 2,710 2,900 55,063 425,381 1,395,129 21
May-15 3,240 2,875 3,090 47,429 179,558 548,669 19
60% Jun-15 3,700 2,750 2,875 52,981 236,568 693,372 21
Jul-15 3,130 2,800 2,950 40,018 146,752 432,260 19
Aug-15 2,920 2,285 2,730 57,267 316,060 823,566 20
45%
Sep-15 2,845 2,470 2,740 43,883 189,189 491,120 21
34.4% Oct-15 3,450 2,645 2,925 60,159 240,686 716,870 21
30%
Nov-15 3,455 2,950 3,030 65,032 232,719 740,646 21
24.2%
Dec-15 3,185 2,950 3,100 47,180 197,277 603,671 19
15%
Jan-16 3,320 2,625 2,700 56,917 235,608 681,337 20

3.7%
- Feb-16 3,075 2,525 2,900 50,749 274,548 774,420 20
Mar-16 3,320 2,785 3,140 57,381 281,605 838,593 21
-15% Apr-16 3,305 3,010 3,200 39,120 196,512 623,649 21
Jun-16 3,550 3,120 3,300 40,830 356,521 1,177,885 22
Jul-16 3,340 3,130 3,160 35,176 171,534 557,692 16
Days 242 242 244 246 135 Dec-16 2,890 2,460 2,800 37,832 396,526 1,016,794 20
Price (Rupiah) Jan-17 2,970 2,560 2,820 39,750 225,902 631,439 21

High 3,125 4,200 4,040 3,550 3,180 Feb-17 3,180 2,780 2,950 46,930 285,740 839,994 19
Low 2,150 2,410 2,285 2,130 2,160 Mar-17 2,950 2,540 2,700 55,255 305,286 832,308 22
Close 2,625 3,500 3,100 2,800 2,360 Apr-17 2,950 2,720 2,860 36,519 251,457 715,448 17
Close* 2,625 3,500 3,100 2,800 2,360 May-17 3,010 2,690 2,910 38,409 255,017 724,222 20
Jun-17 2,910 2,560 2,590 32,546 256,497 690,218 15
PER (X) 29.99 34.72 29.75 26.57 27.19 Jul-17 2,680 2,160 2,360 64,559 738,555 1,698,849 21
PER Industry (X) 15.42 22.13 14.53 19.07 8.98
PBV (X) 13.76 16.34 13.28 9.80 7.91

Cash & Cash Equivalents 1,043,283 1,246,109 685,722 454,732 222,865 6,250
Receivables 1,014,685 1,291,374 1,411,872 1,533,512 1,942,189

374,639 462,439 532,656 689,291 809,020 5,000
Inventories
Current Assets 2,570,167 3,200,366 2,843,500 2,952,181 3,143,143
3,750
Fixed Assets 724,970 761,978 962,114 966,766 980,775
Other Assets 22,115 27,969 29,919 32,558 44,192
2,500
Total Assets 4,010,166 4,728,436 4,565,964 4,820,612 5,595,112
Growth (%) 17.91% -3.44% 5.58% 16.07% 1,250
Current Liabilities 705,700 819,158 860,470 990,468 1,035,964 -

Long Term Liabilities 515,010 431,090 291,818 124,736 140,944 2013 2014 2015 2016 Jun-17
Growth (%) 2.42% -7.84% -3.22% 5.53%
Paid up Capital 731,080 731,080 731,080 731,080 731,080 4,418
3,705
Par Value 50 50 50 50 50
3,517
2,789
Retained Earnings 184,867 2,432,821 2,100,622 23,753,808 2,963,706
2,616
Total Equity 2,789,457 3,478,188 3,413,676 3,705,408 4,418,205

Growth (%) 24.69% -1.85% 8.55% 19.24% 1,714
INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 813
Total Revenues 3,694,748 4,055,702 4,237,980 4,524,136 2,415,538

Growth (%) 9.77% 4.49% 6.75%
-88
2013 2014 2015 2016 Jun-17
Gross Profit - - 4,237,980 4,524,136 2,415,538
Expenses (Income) 1,935,962 2,138,831 2,223,431 2,520,794 1,272,745
4,238
4,056
8.99% 5.10% -0.56%
4,524
Growth (%) 3,695

3,601
Other Income (Expenses) 5,309 221 23,918 20,210 -5,352

2,416
Tax 448,139 468,818 513,470 509,923 291,570

1,755
Growth (%) 12.63% 5.06% -0.69%

832
Period Attributable 1,280 1,453,644 1,523,524 1,500,932 838,910 -90
Comprehensive Attributable 1,280 1,453,644 1,540,528 1,493,437 838,726
Current Ratio (%) 364.20 390.69 330.46 298.06 303.40
1,522 1,511
66.00 70.00 83.00 73.00 - 1,448
Dividend (Rp) 1,522
1,286
EPS (Rp) 0.09 99.42 104.20 102.65 57.37
BV (Rp) 190.78 237.88 233.47 253.42 302.17 1,211
DAR (X) 0.30 0.26 0.25 0.23 0.21 846

0.44 0.36 0.34 0.30 0.27
901
DER(X)
ROA (%) 32.07 30.63 33.32 31.35 15.12 590
ROE (%) 46.10 41.64 44.57 40.78 19.15

GPM (%) - - 100.00 100.00 100.00 280
OPM (%) 47.60 47.26 47.54 44.28 47.31

NPM (%) 34.80 35.71 35.90 33.40 35.02
-30
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 75,411.53 70.41 79.66 71.11 -
Yield (%) 2.51 2.00 2.68 2.61 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
SMGR
SEMEN INDONESIA (PERSERO) TBK.
Company Profile
PTSemenIndonesia(Persero)Tbk,previouslynamedPTSemenGresik(Persero)Tbk.isa
companyengagedincementindustry,inauguratedinGresikon7August1957.PTSemen
Indoonesia(Persero)Tbk.isthelargestcementproducerinIndonesiaandlistedasthefirst
State Owned Enterprise (SOE) to go regional. Continuing its support for the nation
development, the company is currently intensifying its downstream cement products
development,expandingmarketcoverageandensuringthesufficientofproduction.

Cement is the companys core business and the business activities in production and
distributionofcementproductanddownstreamcementproducts.Thecompanyproduces
several cement types. Its flagship product is portland cement type IIV (Non OPC). The
Company also produce specific types and mixed cement products for limited usage. The
following lists all cement types are Portland Cement Type I (Ordinary Portland cement
OPC),PortlandCementTypeIIV,SpecialBlendedCement(SBC),PortlandPozzolanCement
(PPC),PortlandCompositeCement(PCC),SuperMansoryCement(SMC),OilWellCement
(OWC)ClassGHRC,SuperWhiteCement(SWC).

PortlandCementtypeIandPPCareavailableintheretailmarket,whiletheothetypesare
producedbyorderandincertainquantity.

Theproductsaresoldprimarilyfordomesticmarketwithsomeallocationforexport.They
aremainlysoldinpacksandtherestissoldinbulk.

The company establish subsidiaries, associates and affiliates that are engaged in cement
relatedbusiness,fromcementproduction,distributiontoproductusage,whichcoverCoal
mining, trading and transportation, Ready mix concrete production, Limestone and Clay
mining, Cement bag producer, Industrial development, Information system, Investment,
Loading and unloading services and construction, Cement raw material production,
Tranportation management service, Transhipment service, Cement packing and
distribution and Developer, civil contractors, mechanical and electrical contractors,
workshopandmanufacturing,steelfabrication,heavyequipmentrentalandmaintanance
services,engineering,andindustrialandtrainingbureau.

AsofJune30th,2017,theCompanyanditssubsidiarieshad7,123employees.

August 2017
Disclaimer:

SMGR SemenIndonesia(Persero)Tbk.[S]
Industry Sub Sector : Cement (31) Market Capitalization : 59,018,624,000,000
18 | 59.0T | 0.92% | 57.84%
17 | 19.1T | 1.02% | 52.02%

Established Date : 25-Mar-1953 1. Pemerintah RI QQ Menteri Keuangan RI 3,025,406,000 : 51.01%
Under Writer IPO :
PT Buanamas Investindo DIVIDEND ANNOUNCEMENT
PT Ficorinvest Bonus Cash Recording Payment
F/I
PT Indovest Securities Year Shares Dividend Cum Date Ex Date Date Date
PT Merchant Investment Corporation 1991 284.70 12-Jun-92 15-Jun-92 22-Jun-92 13-Jul-92 F
PT Multicor 1992 267.75 14-Jun-93 15-Jun-93 24-Jun-93 22-Jul-93 F
PT Nikko Securities Indonesia 1993 164.18 13-Jul-94 14-Jul-94 21-Jul-94 19-Aug-94 F
PT Nomura Indonesia 1994 184.51 03-Jul-95 04-Jul-95 12-Jul-95 11-Aug-95 F
PT Primarindo Daya Investama 1995 109.62 11-Jul-96 12-Jul-96 22-Jul-96 20-Aug-96 F
Securities Administration Bureau : 1996 147.87 08-Jul-97 09-Jul-97 18-Jul-97 15-Aug-97 F
PT Datindo Entrycom 1997 156.82 09-Jul-98 10-Jul-98 20-Jul-98 18-Aug-98 F
Wisma Sudirman - Puri Datindo 1998 135.06 13-Jul-99 14-Jul-99 22-Jul-99 20-Aug-99 F
Phone : (021) 570-9009 2000 231.14 05-Jul-01 06-Jul-01 13-Jul-01 20-Jul-01 F
2002 115.03 18-Jul-03 21-Jul-03 23-Jul-03 06-Aug-03 F
1. Mahendra Siregar 2003 112.73 22-Dec-04 23-Dec-04 28-Dec-04 07-Jan-05 F
2. Djamari Chaniago *) 2004 39.67 05-Jan-05 06-Jan-05 10-Jan-05 18-Jan-05 I
3. Hambra 2005 267.51 18-Jul-05 19-Jul-05 21-Jul-05 01-Aug-05
4. Marwanto Harjowiryono 2005 443.12 21-Jul-06 24-Jul-06 26-Jul-06 09-Aug-06 F
5. Muchammad Zaidun *) 2006 1,092.06 19-Jul-07 20-Jul-07 24-Jul-07 07-Aug-07 F
6. Sony Subrata 2007 149.66 29-May-08 30-May-08 03-Jun-08 17-Jun-08 F
7. Wahyu Hidayat 2008 215.19 21-Jul-09 22-Jul-09 24-Jul-09 07-Aug-09 F
*) Independent Commissioners 2009 58.00 07-Dec-09 08-Dec-09 10-Dec-09 23-Dec-09 I
2009 250.45 19-Jul-10 20-Jul-10 22-Jul-10 05-Aug-10 F
BOARD OF DIRECTORS 2010 58.00 27-Dec-10 28-Dec-10 30-Dec-10 04-Jan-11 I
1. Johan Samudra 2010 248.26 27-Jul-11 28-Jul-11 01-Aug-11 15-Aug-11 F
2. Ahyanizzaman 2011 330.89 17-Jul-12 18-Jul-12 20-Jul-12 03-Aug-12 F
3. Aunur Rosyidi 2012 367.74 29-May-13 30-May-13 03-Jun-13 17-Jun-13 F
4. Budi Siswoyo 2013 407.42 28-Apr-14 29-Apr-14 02-May-14 19-May-14 F
5. Gatot Kustyadji 2014 375.34 23-Apr-15 24-Apr-15 28-Apr-15 20-May-15 F
2015 304.91 20-May-16 23-May-16 25-May-16 16-Jun-16 F
AUDIT COMMITTEE
1. Djamari Chaniago ISSUED HISTORY
2. Elok Tresnaningsih Listing Trading
3. Hambra No. Type of Listing Shares Date Date
4. Sahat Pardede 1. First Issue 40,000,000 08-Jul-91 08-Jul-91
2. Partial Listing 30,000,000 08-Jul-91 17-May-92
CORPORATE SECRETARY 3. Company Listing 78,288,000 02-Jun-95 02-Jun-95
Agung Wiharto 4. Right Issue 444,864,000 10-Aug-95 10-Aug-95
5. Stock Split 5,338,368,000 07-Aug-07 07-Aug-07
HEAD OFFICE
Semen Indonesia Main Building, Jln. Veteran, Gresik 61122
The East Tower 18th Fl., Jln Dr. Ida Anak Agung Gde Agung
Kav. E3.2 No. 1, Jakarta 12950
Phone : (031) 398-1731 - 3, (021) 526-1174 - 5
Fax : (031) 398-3209, (021) 526-1176
Homepage : www.semenindonesia.com
Email : agung.wiharto@semenindonesia.com

SMGR Semen Indonesia (Persero) Tbk. [S]
TRADING ACTIVITIES
Semen Indonesia (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
20,000 80.0 Jan-13 16,500 14,800 15,750 36,762 178,167 2,774,872 21
Feb-13 17,350 15,650 17,350 25,757 127,417 2,087,807 20
17,500 70.0 Mar-13 19,050 16,750 17,700 33,701 163,665 2,914,490 19
Apr-13 19,000 17,550 18,400 30,277 174,546 3,160,011 22
May-13 19,150 17,800 18,000 34,933 170,557 3,163,710 22
15,000 60.0
Jun-13 18,100 15,100 17,100 62,937 338,786 5,634,798 19
Jul-13 17,350 14,500 15,200 56,573 251,155 3,838,600 23
12,500 50.0
Aug-13 16,100 11,350 12,600 48,611 218,078 2,926,645 17
Sep-13 16,100 12,000 13,000 58,179 271,286 3,754,482 21
10,000 40.0
Oct-13 14,900 12,650 14,350 42,313 256,768 3,562,387 21
Nov-13 14,450 12,500 12,800 40,588 214,362 2,844,746 20
7,500 30.0 Dec-13 14,250 12,550 14,150 26,707 183,705 2,448,156 19
5,000 20.0 Jan-14 15,900 13,775 14,200 55,849 192,064 2,808,267 20

Feb-14 15,275 13,500 15,000 52,652 170,519 2,515,811 20
2,500 10.0 Mar-14 17,400 14,600 15,800 61,774 237,643 3,743,636 20
Apr-14 17,050 14,800 14,850 69,330 235,917 3,757,029 20
May-14 16,050 14,175 14,725 66,131 273,242 4,131,554 18
Jun-14 15,475 14,700 15,075 53,891 171,469 2,598,357 21
Jul-14 17,150 14,950 16,575 58,210 200,012 3,265,081 18
Aug-14 16,900 16,100 16,225 55,142 133,507 2,210,220 20
Sep-14 16,500 14,700 15,425 60,859 164,556 2,624,106 22
Basic Industry and Chemicals Index Nov-14 16,350 15,000 16,000 45,771 109,742 1,736,450 20
January 2013 - July 2017 Dec-14 16,800 15,350 16,200 62,239 123,648 2,004,124 20
60%
Jan-15 16,475 13,950 14,575 86,580 270,215 4,033,800 21
45% Feb-15 15,150 14,350 14,875 52,352 153,045 2,256,306 19
Mar-15 14,950 12,525 13,650 70,512 170,929 2,401,500 22
34.4%
30% Apr-15 13,875 12,400 12,500 56,978 172,031 2,302,086 21
May-15 13,500 12,500 13,450 45,572 155,975 2,054,754 19
15% 17.0% Jun-15 13,575 11,800 12,000 46,571 92,958 1,178,852 21
Jul-15 12,350 9,900 10,100 55,477 119,013 1,330,665 19
Aug-15 10,300 7,100 9,250 75,560 175,405 1,544,000 20
-
Sep-15 10,500 8,100 9,050 66,098 150,962 1,445,208 21
Oct-15 11,300 9,050 9,800 69,272 158,028 1,648,908 21
-15%
Nov-15 11,775 9,625 10,625 66,730 144,770 1,571,643 21
Dec-15 11,500 10,275 11,400 55,352 119,304 1,300,428 19
-30%
-37.6% Jan-16 11,475 10,000 11,050 57,333 159,850 1,708,818 20
-45% Feb-16 11,175 9,925 10,250 56,610 140,574 1,491,946 20
Mar-16 10,750 10,000 10,175 61,762 148,201 1,554,343 21
-60% Apr-16 10,800 9,800 9,900 50,072 127,500 1,319,702 21
Jun-16 9,350 8,700 9,350 62,183 148,752 1,344,282 22
Jul-16 9,850 8,950 9,375 78,841 355,241 3,346,668 16
Volume (Million Sh.) 2,548 2,173 1,883 2,454 900 Sep-16 10,700 9,625 10,100 67,010 275,818 2,802,929 21
Days 244 242 244 246 135 Dec-16 9,500 8,875 9,175 44,800 115,618 1,064,342 20
Price (Rupiah) Jan-17 9,500 8,575 9,025 43,912 111,066 1,003,395 21

High 19,150 17,400 16,475 11,875 10,400 Feb-17 9,875 9,025 9,625 41,592 120,445 1,133,685 19
Low 11,350 13,500 7,100 8,050 8,575 Mar-17 9,625 8,750 9,000 49,228 131,215 1,205,612 22
Close 14,150 16,200 11,400 9,175 9,950 Apr-17 9,225 8,650 8,825 34,829 127,117 1,132,891 17
Close* 14,150 16,200 11,400 9,175 9,950 May-17 9,500 8,600 9,450 46,405 136,277 1,225,227 20
Jun-17 10,250 9,025 10,000 39,381 111,872 1,090,751 15
PER (X) 15.63 17.63 14.96 13.94 19.96 Jul-17 10,400 9,750 9,950 47,774 162,433 1,643,111 21
PER Industry (X) 6.83 16.60 4.10 20.86 9.66
PBV (X) 3.85 4.09 2.46 1.91 2.02

SMGR Semen Indonesia (Persero) Tbk. [S]
Receivables 2,916,062 3,432,557 3,628,641 4,018,284 4,498,197

2,645,893 2,811,704 2,408,974 2,671,145 3,606,865 39,000
Inventories
Current Assets 9,972,110 11,648,545 10,538,704 10,373,159 14,077,285
29,250
Fixed Assets 18,862,518 20,221,067 25,167,683 30,864,750 31,733,312
Other Assets 224,136 326,264 360,109 347,866 382,624
19,500
Total Assets 30,792,884 34,314,666 38,153,119 44,226,896 48,648,587
Growth (%) 11.44% 11.19% 15.92% 10.00% 9,750

Growth (%) 3.60% 15.04% 27.45% 38.51%
Paid up Capital 593,152 593,152 593,152 593,152 593,152 27,441
100 100 100 100 100 21,804

Par Value
24,337

21,803,976 25,002,452 27,440,798 30,574,391 29,738,922
18,100
Total Equity
Growth (%) 14.67% 9.75% 11.42% -2.73% 11,863
Total Revenues 24,501,241 26,987,035 26,948,004 26,134,306 12,714,008

Growth (%) 10.15% -0.14% -3.02%
-611
2013 2014 2015 2016 Jun-17
Cost of Revenues 13,557,147 15,388,431 16,302,008 16,278,434 8,857,496

Gross Profit 10,944,094 11,598,604 10,645,996 9,855,872 3,856,512
Expenses (Income) 4,023,694 4,507,838 4,795,073 4,771,251 2,362,868
24,501
Growth (%)
26,987
21,482

Income before Tax 6,920,400 7,090,766 5,850,923 5,084,622 1,493,644
12,714
15,976
Tax 1,566,101 1,517,189 1,325,482 549,585 388,759

Growth (%) 4.10% -18.81% 0.21%

4,966
Current Ratio (%) 188.24 220.90 159.70 127.25 159.89
5,574
5,354
Dividend (Rp) 407.42 375.34 304.91 - - 5,574
EPS (Rp) 905.37 938.35 762.28 762.30 184.27 4,525 4,535

BV (Rp) 3,675.95 4,215.18 4,626.27 5,154.56 5,013.71 4,437
DAR (X) 0.29 0.27 0.28 0.31 0.39

DER(X) 0.41 0.37 0.39 0.45 0.64
3,300
ROA (%) 17.39 16.24 11.86 10.25 2.27 2,163
ROE (%) 24.56 22.29 16.49 14.83 3.72 1,105

GPM (%) 44.67 42.98 39.51 37.71 30.33 1,026
OPM (%) - - - - -
NPM (%) 21.85 20.65 16.79 17.35 8.69
-111
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 45.00 40.00 40.00 - -
Yield (%) 2.88 2.32 2.67 - -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
SMRA
SUMMARECON AGUNG TBK.
Company Profile
PT Summarecon Agung Tbk. was founded in 1975 to undertake real estate construction
and development. The Companys scope of activities engaged in the field of real estate
development as well as supporting facilities and operating within the services and trade.
Currently, the scope of the company's business is engaged in the sales / leasing of real
estate, shopping centers, office facilities, as well as a means supporting. The Company
started commercial operations in 1976. PT Semarop Agung was the last of the parent
entityoftheCompany.
Summarecon'sbusinessunitsarenowgroupedintothreedistinctactivities:
1. PropertyDevelopment
Property Development is Summarecon's core business. This business unit develops
propertyproductsforsalesuchasresidentialhouse,apartment,landplotsandcommercial
shoplots. These property projects are integral to the development of a township's
residential and commercial development and include supporting facilities such as
educationfacilities,sportsandrecreation,placesofworshipandhealthcarefacilities.
2. PropertyInvestmentandManagement
Thisbusinessunitdevelopspropertieswhichareretainedandleasedout,particularlyretail
shopping malls. The revenue stream from shopping malls and other rental properties
provide stable and consistent recurring incomes to the company. In each township
developmentisanareadesignatedasacentralbusinessdistrictwhereinashoppingmall
willprovideforfullrangeoffacilitiesthatmeetstheneedsofmodernsociety.
3. Leisure,HospitalityandOthers
Summarecon is also developing other properties including offices which are intended for
own corporate use, hotels and residential buildings to further support facilities in its
township.
To ensure the availabilty of readytodevelop land, company has been continuously
acquiring land for potential future developments in existing locations and in any new
strategic/potential locations. Our current available landbank are more than 1,500 ha
(existing and new location). Company also strengthening the business portfolio by
developingtheinvestmentproperties,leisureandhospitalitythatwillprovideaconsistent
stream of recurring revenues. The Company and Subsidiaries had 2,437 permanent
employeesatJune30th,2017.
August 2017
Disclaimer:

SMRA Summarecon Agung Tbk. [S]
73 | 14.1T | 0.22% | 81.02%
67 | 6.70T | 0.36% | 81.09%

Established Date : 26-Nov-1975 1. PT Semarop Agung 1,855,985,872 : 12.00%
Listing Date : 07-May-1990 2. PT Semarop Agung 1,812,802,632 : 12.00%
Under Writer IPO : 3. PT Sinarmegah Jayasentosa 942,080,224 : 6.00%
PT Danareksa Sekuritas 4. Bnymsanv Re Ams Re Stichting D 810,000,000 : 5.00%
PT Multicor 5. Public (<5%) 9,005,912,952 : 65.00%
Securities Administration Bureau :
PT Sirca Datapro Perdana DIVIDEND ANNOUNCEMENT
Jln. Johar No. 18 Bonus Cash Recording Payment
F/I
Menteng, Jakarta 10340 Year Shares Dividend Cum Date Ex Date Date Date
Phone : (021) 314-0032, 390-5920, 390-0645 1990 194.00 31-May-91 03-Jun-91 10-Jun-91 25-Jul-91 F
Fax : (021) 314-0185, 390-0652, 390-0671 1991 142.00 16-Jul-92 17-Jul-92 24-Jul-92 24-Aug-92 F
1992 60.00 13-Jul-93 14-Jul-93 21-Jul-93 31-Jul-93 F
1. Soetjipto Nagaria 1993 2:1 16-Feb-94 17-Feb-94 24-Feb-94 23-Mar-94 B
2. Edi Darnadi *) 1993 50 : 3 62.00 22-Jul-94 25-Jul-94 01-Aug-94 01-Sep-94 F
3. Esther Melyani Homan *) 1994 2:1 125.00 15-Dec-94 16-Dec-94 23-Dec-94 16-Jan-95 I
4. Harto Djojo Nagaria 1994 89.00 21-Jul-95 24-Jul-95 01-Aug-95 30-Aug-95 F
*) Independent Commissioners 1995 100 : 4 20.00 09-Jul-96 10-Jul-96 18-Jul-96 16-Aug-96 F
1996 11.00 28-Jul-97 29-Jul-97 06-Aug-97 04-Sep-97 F
BOARD OF DIRECTORS 1996 100 : 3 28-Jul-97 29-Jul-97 06-Aug-97 04-Sep-97 S
1. Adrianto Pitoyo Adhi 2000 25.00 24-Jul-01 25-Jul-01 01-Aug-01 20-Aug-01 F
2. Ge Lilies Yamin 2001 30.00 15-Jul-02 16-Jul-02 19-Jul-02 02-Aug-02 F
3. Herman Nagaria 2001 10 : 1 15-Jul-02 16-Jul-02 19-Jul-02 02-Aug-02 F
4. Lexy Arie Tumiwa 2002 10.00 15-Jul-03 16-Jul-03 18-Jul-03 21-Jul-03 F
5. Liliawati Rahardjo 2003 15.00 16-Jul-04 19-Jul-04 21-Jul-04 04-Aug-04 F
6. Sharif Benyamin 2005 18.00 18-Jul-05 19-Jul-05 20-Jul-05 03-Aug-05
7. Soegianto Nagaria 2005 15.00 13-Jul-06 14-Jul-06 18-Jul-06 01-Aug-06 F
8. Yong King Ching 2005 5:2 13-Jul-06 14-Jul-06 18-Jul-06 01-Aug-06 S
2006 13.00 08-Jun-07 11-Jun-07 13-Jun-07 27-Jun-07 I
AUDIT COMMITTEE 2007 11.00 21-May-08 22-May-08 26-May-08 09-Jun-08 F
1. Esther Melyani Homan 2008 3.00 30-Jun-09 01-Jul-09 03-Jul-09 17-Jul-09 F
2. Leo A. Mancianno 2009 8.00 27-May-10 31-May-10 02-Jun-10 15-Jun-10 F
3. Neneng Martini 2010 10.00 28-Jun-11 30-Jun-11 04-Jul-11 18-Jul-11 F
2011 23.00 27-Jun-12 28-Jun-12 02-Jul-12 16-Jul-12 F
CORPORATE SECRETARY 2012 1:1 43.00 26-Jun-13 27-Jun-13 01-Jul-13 15-Jul-13 B
Michael Yong 2013 23.00 10-Jul-14 11-Jul-14 15-Jul-14 05-Aug-14 F
2015 5.00 30-Jun-16 01-Jul-16 12-Jul-16 27-Jul-16 F
HEAD OFFICE 2016 5.00 22-Jun-17 03-Jul-17 05-Jul-17 19-Jul-17 F
Plaza Summarecon, Jln. Perintis Kemerdekaan No. 42
Jakarta Timur 13210 ISSUED HISTORY
Phone : (021) 489-2107, 471-4567 Listing Trading
Fax : (021) 489-2976, 471-4486 No. Type of Listing Shares Date Date
1. First Issue 6,667,000 07-May-90 07-May-90
Homepage : www.summarecon.com 2. Partial Listing 16,666,700 26-Jan-94 26-Jan-94
Email : corp_secretary@summarecon.com 3. Bonus Shares 11,282,833,556 T: 24-Mar-94 : 15-Jul-13
4. Stock Dividend 6,000,000 12-Sep-94 12-Sep-94
5. Company Listing 64,999,300 17-Jan-95 17-Jan-95
6. Stock Dividen 50,345,760 T: 19-Aug-96 : 02-Aug-02
7. Stock Split 1,664,183,040 T: 11-Nov-96 : 12-Aug-02
8. Additional Listing without RI 433,926,000 T: 17-Nov-05 : 23-Oct-12
9. Right Issue 459,014,453 25-Jul-07 25-Jul-07
10. Warrant 442,145,871 T: 17-Jan-08 : 25-Jun-10

TRADING ACTIVITIES
Summarecon Agung Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
2,000 720 Jan-13 1,950 1,710 1,890 17,801 305,075 560,276 21
Feb-13 2,500 1,860 2,325 15,874 289,483 603,334 20
1,750 630 Mar-13 2,525 2,150 2,475 11,644 264,854 626,267 19
Apr-13 2,675 2,150 2,600 14,632 373,884 882,856 22
May-13 3,050 2,550 2,800 18,664 314,882 885,175 22
1,500 540
Jun-13 2,825 1,150 1,290 25,478 422,548 991,867 19
Jul-13 1,320 940 1,000 35,902 1,100,648 1,152,747 23
1,250 450
Aug-13 1,070 660 780 27,271 870,003 779,300 17
Sep-13 1,050 690 930 29,817 1,024,278 909,108 21
1,000 360
Oct-13 1,140 880 1,050 30,037 896,981 898,351 21
Nov-13 1,080 780 900 19,911 566,805 507,534 20
750 270 Dec-13 960 750 780 14,769 369,297 319,726 19
500 180 Jan-14 980 745 955 27,739 484,736 434,071 20

Feb-14 1,085 910 1,005 32,185 680,056 676,697 20
250 90 Mar-14 1,180 980 1,065 27,115 528,787 573,389 20
Apr-14 1,150 940 1,110 26,857 587,245 633,586 20
May-14 1,305 1,080 1,255 19,968 420,392 515,282 18
Jun-14 1,270 1,090 1,135 21,300 275,513 325,634 21
Jul-14 1,405 1,095 1,350 41,560 757,675 977,499 18
Aug-14 1,415 1,270 1,340 32,205 483,471 646,706 20
Sep-14 1,350 1,195 1,220 40,295 662,162 836,334 22
January 2013 - July 2017 Dec-14 1,615 1,300 1,520 29,385 550,649 842,088 20
120%
Jan-15 1,760 1,470 1,650 40,621 660,999 1,064,832 21
100% Feb-15 1,880 1,605 1,815 33,126 505,458 887,016 19
Mar-15 1,835 1,585 1,720 64,624 1,055,330 1,768,316 22
80% Apr-15 1,975 1,705 1,780 120,547 998,159 1,851,732 21
May-15 2,000 1,735 1,975 93,826 1,677,754 3,207,244 19
60% Jun-15 1,975 1,560 1,635 67,292 728,188 1,287,622 21
51.7% Jul-15 1,815 1,600 1,740 45,986 341,149 585,689 19
Aug-15 1,830 1,385 1,620 53,561 390,321 624,401 20
40%
34.4% Sep-15 1,640 950 1,120 78,406 894,023 1,149,029 21
Oct-15 1,695 1,095 1,395 63,272 811,318 1,134,834 21
20%
Nov-15 1,620 1,325 1,550 63,590 767,749 1,124,852 21
5.4% Dec-15 1,665 1,415 1,650 44,026 360,941 561,552 19
-
Jan-16 1,645 1,405 1,445 49,545 566,338 855,165 20

-20% Feb-16 1,685 1,375 1,595 45,420 557,394 863,654 20
Mar-16 1,760 1,560 1,585 47,676 611,816 1,008,800 21
-40% Apr-16 1,700 1,470 1,565 49,170 646,120 1,017,908 21
Jun-16 1,825 1,540 1,810 52,330 721,673 1,232,400 22
Jul-16 1,900 1,650 1,695 57,492 616,055 1,089,325 16
Days 244 242 244 246 135 Dec-16 1,500 1,250 1,325 31,101 277,803 384,597 20
Price (Rupiah) Jan-17 1,420 1,280 1,310 35,634 275,678 371,710 21

High 3,050 1,615 2,000 1,970 1,460 Feb-17 1,460 1,300 1,370 38,692 291,405 396,636 19
Low 660 745 950 1,225 975 Mar-17 1,405 1,275 1,340 31,930 275,616 375,302 22
Close 780 1,520 1,650 1,325 980 Apr-17 1,415 1,295 1,360 20,816 211,352 287,007 17
Close* 780 1,520 1,650 1,325 980 May-17 1,445 1,210 1,320 29,827 227,853 303,767 20
Jun-17 1,340 1,220 1,290 23,725 180,711 235,387 15
PER (X) 10.21 18.61 27.84 248.83 49.93 Jul-17 1,350 975 980 47,935 488,553 541,525 21
PER Industry (X) 9.57 16.29 13.36 24.89 14.46
PBV (X) 2.42 4.00 3.16 2.48 1.74

Receivables 275,967 85,514 152,036 548,310 532,468

17,000
Inventories 3,058,266 3,103,252 4,924,807 5,531,047 5,580,172

12,750
Investment 284,282 - - - -
Fixed Assets 351,832 366,762 420,472 451,343 433,235
8,500
Other Assets 67,756 144,088 167,750 160,989 173,042
Total Assets 13,659,137 15,379,479 18,758,262 20,810,320 21,204,858
4,250
Growth (%) 12.59% 21.97% 10.94% 1.90%
-
Growth (%) 4.28% 19.62% 12.61% 2.74%
8,166
7,530
Paid up Capital 1,442,678 1,442,678 1,442,678 1,442,678 1,442,678
5,993
6,538
Par Value 100 100 100 100 100 4,658

2,963,203 4,029,681 4,545,366 4,775,526 4,747,809
4,863
Retained Earnings
Total Equity 4,657,667 5,992,636 7,529,750 8,165,555 8,213,974 3,187
Growth (%) 28.66% 25.65% 8.44% 0.59%

1,511

Total Revenues 4,093,789 5,333,593 5,623,561 5,397,949 2,684,622
-164
2013 2014 2015 2016 Jun-17

Growth (%) 30.28% 5.44% -4.01%
Cost of Revenues 1,943,287 2,545,542 2,716,756 2,799,538 1,529,546

Gross Profit 2,150,503 2,788,051 2,906,805 2,598,411 1,155,076
Operating Expenses 803,365 929,013 1,115,408 1,188,475 614,153 5,624
5,334 5,398
5,624
Growth (%) 38.00% -3.64% -21.29% 4,476 4,094

2,685
3,329
Income before Tax 1,319,425 1,684,099 1,382,183 877,505 259,740

Tax 223,537 296,582 318,103 272,454 134,601 2,182
Profit for the period 1,095,888 1,387,517 1,064,080 605,051 125,139

Growth (%) 26.61% -23.31% -43.14%
1,035
-112
Period Attributable 1,102,177 1,398,294 855,186 311,666 48,802 2013 2014 2015 2016 Jun-17
Comprehensive Income 1,095,888 1,387,517 1,086,441 595,879 120,553
Comprehensive Attributable 1,102,177 1,398,294 877,547 302,494 44,216
Dividend (Rp) 23.00 - 5.00 5.00 - 1,388
EPS (Rp) 75.96 96.18 73.76 41.94 8.67 1,096 1,064

BV (Rp) 322.85 415.38 521.93 566.00 569.36 1,104
DAR (X) 0.66 0.61 0.60 0.61 0.61

DER(X) 1.93 1.57 1.49 1.55 1.58
821
605
ROA (%) 8.02 9.02 5.67 2.91 0.59 538
ROE (%) 23.53 23.15 14.13 7.41 1.52

GPM (%) 52.53 52.27 51.69 48.14 43.03 255
125
OPM (%) 32.91 34.86 31.86 26.12 20.15
NPM (%) 26.77 26.01 18.92 11.21 4.66
-28
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 30.28 - 6.78 11.92 -
Yield (%) 1.78 - 0.39 0.39 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
SRIL
SRI REJEKI ISMAN TBK.
Company Profile

PTSriRejekiIsmanTbk.wasestablisheddatedMay22,1978inSurakarta.Thescopeof
majoractivitiesoftheCompanyconsistsofspinning,weaving,dyeing,printing,finishingof
fabricandmanufacturingofgarments.TheCompanystarteditscommercialoperationsin
1978.

TheCompanysvisionistobethelargest,mostreputableandtrustedglobaltextileand
garment producer. The Biggest Integrated Vertical Textile Garment Producer In South
EastAsia.Sritexhasachievedaglobalrecognition&serves55countriesworldwide

Sritex, currently exports 48 percent of its products to around 30 countries in Asia,
including Papua New Guinea and Timor Leste, the Middle East, including the UAE and
Qatar, Europe, including Germany, Sweden, Norway and the Netherlands, the US and
Africa.Forfurtherexpandmarket,Sritexwillexporttoatleastfivemorecountriesina
bidtoboostitstotalrevenuesbyaminimum10percentthisyear.

Sritexs versatility has enabled it to penetrate the international fashion market with its
topnotchinternationalhighfashionclienteleofmorethan100householdnamebrands.
Sritexsclientlistincludeprominentplayersinthefashionsceneallacrosstheglobe,from
childrens lines, retailers such as Walmart and Sears, to big fashion lines such as Guess,
H&Mandmanymore.Highqualitytranslatestohighcustomerretention,alotofSritexs
customerreturnstoSritexandbecomespartnerstodeveloptheirproductsanddesign.

Ecological protection is the key driver behind Sritexs innovation on waste water
treatment. Sritex continuously improves its technologies of waste water treatment in
aiding the process of residual waste and to ensure its accordance to the international
environmentalregulations.
The Company have 2 direct ownership subsidiaries, PT Sinar Pantja Djaja Indonesia,
GoldenLegacyPte.Ltd.Singapore,andGoldenMountainTextileandTradingPte.Ltd.
Singapore.AsofJune30th,2017,theCompanyanditsSubsidiaryhadatotalnumberof
17,921employees.
August 2017
Disclaimer:

SRIL SriRejekiIsmanTbk.
Industry Sector : Miscellaneous Industry (4) Listed Shares : 18,592,888,040
Industry Sub Sector : Textile, Garment (43) Market Capitalization : 6,284,396,157,520
140 | 6.28T | 0.10% | 90.48%
15 | 20.1T | 1.07% | 49.94%

Established Date : 22-May-1978 1. PT Huddleston Indonesia 10,425,274,040 : 56.07%
Listing Date : 17-Jun-2013 2. Public (<5%) 8,167,614,000 : 43.93%
Under Writer IPO :
F/I
PT Adimitra Jasa Korpora Year Shares Dividend Cum Date Ex Date Date Date
Kirana Boutique Office, Jln. Kirana Avenue III 2013 2.00 30-Jun-14 01-Jul-14 03-Jul-14 18-Jul-14 F
Blok F3 No. 5, Kelapa Gading, Jakarta Utara 2014 5.38 06-Jul-15 07-Jul-15 09-Jul-15 31-Jul-15 F
Phone : (021) 2974-5222 2015 3.00 25-May-16 26-May-16 30-May-16 17-Jun-16 F
Fax : (021) 2928-9961 2016 3.00 26-May-17 29-May-17 31-May-17 21-Jun-17 F
BOARD OF COMMISSIONERS ISSUED HISTORY

1. Susyana Lukminto Listing Trading
2. Megawati No. Type of Listing Shares Date Date
3. Sudjarwadi *) 1. First Issue 5,600,000,000 17-Jun-13 17-Jun-13
*) Independent Commissioners 2. Company Listing 12,992,888,040 17-Jun-13 17-Jun-13
BOARD OF DIRECTORS
1. Iwan Setiawan
2. Allan Moran Severino
3. Arief Halim
4. Eddy Prasetyo Salim
5. Iwan Kurniawan Lukminto
6. Karunakaran Ramamoorthy
7. M. Nasir Tamara Tamimi
AUDIT COMMITTEE
1. Sudjarwadi
2. lda Bagus Oka Nila
3. Yose Rizal
CORPORATE SECRETARY
Welly Salam
HEAD OFFICE
Jln. K.H. Samanhudi 88 Jetis,
Sukoharjo 57511
Solo, Jawa Tengah
Phone : (0271) 593-188, 488, (021) 380-9115, 310-0996
Fax : (0271) 593-488
Homepage : www.sritex.co.id
Email : welly.salam@sritex.co.id
welly_salam@yahoo.com
cmo@sritex.co.id

SRIL Sri Rejeki Isman Tbk.
TRADING ACTIVITIES
Sri Rejeki Isman Tbk. Closing Price Freq. Volume Value
Day
Closing Volume
Price* June 2013 - July 2017 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
500 4,000 Jun-13 290 200 240 4,338 3,348,240 805,220 10
Jul-13 240 196 240 2,927 410,603 89,744 23
438 3,500 Aug-13 330 225 275 9,513 1,311,972 351,578 17
Sep-13 305 235 245 7,534 872,011 227,117 21
Oct-13 290 240 265 5,520 606,148 161,184 21
375 3,000
Nov-13 275 240 250 5,281 713,199 185,761 20
Dec-13 275 225 245 5,400 651,303 159,427 19
313 2,500
Jan-14 303 230 296 9,644 905,583 240,642 20

250 2,000
Feb-14 296 241 257 15,670 948,067 249,258 20
Mar-14 291 182 222 48,617 2,164,168 482,506 20
188 1,500 Apr-14 230 186 190 43,182 734,908 149,198 20
May-14 219 190 204 21,379 803,788 164,944 18
125 1,000 Jun-14 210 173 179 11,540 309,003 59,782 21
Jul-14 186 150 157 14,895 484,811 81,768 18
63 500 Aug-14 178 152 152 22,042 784,219 127,886 20
Sep-14 167 127 129 35,591 1,391,467 195,194 22
Oct-14 173 120 167 22,637 1,145,391 168,265 23
Nov-14 182 140 172 36,199 1,935,546 311,164 20
Jun-13 Jun-14 Jun-15 Jun-16 Jun-17
Dec-14 172 151 163 31,612 979,420 158,637 20
Jan-15 180 149 155 26,148 1,994,729 315,639 21

Closing Price*, Jakarta Composite Index (IHSG) and Feb-15 166 148 153 28,613 2,051,613 319,408 19
Miscellaneous Industry Index Mar-15 270 152 229 167,822 8,131,661 1,742,646 22
June 2013 - July 2017 Apr-15 279 229 271 112,951 7,701,622 1,977,162 21
100% May-15 350 271 339 114,262 3,327,174 1,073,958 19
Jun-15 349 269 303 104,878 2,929,507 934,877 21
80% Jul-15 497 304 470 231,373 8,903,014 3,580,929 19
Aug-15 495 283 325 244,239 6,980,305 2,660,259 20
60% Sep-15 417 316 384 93,795 2,335,340 844,763 21
Oct-15 417 366 379 50,890 918,404 362,221 21
40% Nov-15 398 323 372 49,201 727,982 269,862 21
35.2% Dec-15 395 350 389 78,428 1,176,910 450,095 19
20% 22.3%
Jan-16 417 256 266 162,832 3,099,188 1,029,980 20
8.4% Feb-16 291 232 241 135,436 2,901,948 762,344 20
-
Mar-16 328 241 323 123,430 4,191,918 1,213,137 21
Apr-16 324 286 288 61,737 1,966,921 594,820 21
-20% May-16 296 250 272 60,798 2,110,777 572,625 20
Jun-16 288 254 260 58,820 1,942,871 520,227 22
-40% Jul-16 284 256 264 37,770 1,499,067 406,218 16
Aug-16 302 252 256 66,852 3,068,648 849,865 22
-60% Sep-16 268 208 208 60,467 2,528,685 609,492 21
Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Oct-16 270 204 254 165,892 6,078,641 1,455,597 21
Nov-16 282 230 240 125,704 3,673,716 940,595 22
Dec-16 246 220 230 53,556 1,250,881 290,292 20
SHARES TRADED 2013 2014 2015 2016 Jul-17
Volume (Million Sh.) 7,913 12,586 47,178 34,313 53,832 Jan-17 262 224 232 104,866 2,905,948 701,102 21
Value (Billion Rp) 1,980 2,389 14,532 9,245 18,095 Feb-17 360 232 340 104,056 5,980,486 1,728,024 19
Frequency (Thou. X) 41 313 1,303 1,113 1,411 Mar-17 496 278 350 501,044 23,467,798 8,605,880 22
Days 131 242 244 246 135 Apr-17 354 298 302 131,573 4,209,125 1,331,816 17
May-17 362 282 326 283,316 6,651,547 2,173,686 20
Price (Rupiah) Jun-17 338 296 320 100,034 4,592,333 1,462,586 15
High 330 303 497 417 496 Jul-17 378 316 338 186,500 6,024,654 2,091,937 21
Low 196 120 148 204 224
Close 245 163 389 230 338
Close* 245 163 389 230 338
PER (X) 14.71 8.58 9.42 5.50 6.93

PER Industry (X) 13.91 14.44 0.95 13.86 3.82
PBV (X) 1.96 1.19 1.89 1.07 1.41

SRIL SriRejekiIsmanTbk.
Public Accountant : Tanubrata Sutanto Fahmi Bambang & Rekan (Member of BDO International Limited)
Cash & Cash Equivalents 74,440 1,014,831 1,130,591 812,707 2,970,181 15,000
Receivables 741,126 1,607,225 1,497,681 2,009,497 1,918,139

1,458,638 1,362,611 1,990,249 1,983,368 2,005,201 12,000
Inventories
Current Assets 2,342,148 4,005,530 4,736,230 5,079,147 7,104,778
9,000
Fixed Assets 3,047,672 4,011,821 6,461,933 6,977,375 7,102,932
Other Assets 15,982 51,636 - - 355,416
6,000
Total Assets 5,590,982 8,691,096 11,481,513 12,726,172 14,727,943
Growth (%) 55.45% 32.11% 10.84% 15.73% 3,000
Current Liabilities 2,232,337 751,756 984,296 1,659,721 1,663,108 -

Growth (%) 77.09% 28.17% 11.48% 21.82%
4,449
Paid up Capital 1,859,289 1,859,289 1,859,289 1,859,289 1,859,289 4,644
4,056
Par Value 100 100 100 100 100
3,697
2,898
Retained Earnings 333,784 945,521 1,792,408 2,386,770 2,602,431
2,749
2,320
Total Equity 2,319,599 2,897,795 4,056,195 4,448,787 4,644,117
Growth (%) 24.93% 39.98% 9.68% 4.39% 1,802
INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Mar-17 855
Total Revenues 4,714,576 6,897,287 9,116,561 9,135,667 2,400,231

Growth (%) 46.30% 32.18% 0.21%
-93
2013 2014 2015 2016 Mar-17
Cost of Revenues 3,696,164 5,374,885 7,161,091 7,182,731 1,870,738

Gross Profit 1,018,412 1,522,402 1,955,470 1,952,936 529,492
Expenses (Income) 350,516 348,920 517,779 401,716 84,584
Operating Profit 667,896 1,173,481 1,437,692 1,551,220 444,908 9,117 9,136
75.70% 22.52% 7.90%

9,136
Growth (%)
7,272
6,897

Income before Tax 462,825 820,269 946,618 887,149 273,153 5,408
4,715
Tax 133,657 192,022 130,752 89,512 37,064
Profit for the period 309,603 628,210 815,866 797,637 236,090
3,545
2,400
Growth (%) 102.91% 29.87% -2.23%
1,681
Comprehensive Income 309,603 556,594 810,329 784,496 233,407 2013 2014 2015 2016 Mar-17
Current Ratio (%) 104.92 532.82 481.18 306.02 427.20
816 798
Dividend (Rp) 2.00 5.38 3.00 3.00 - 816
EPS (Rp) 16.65 29.94 43.88 42.90 12.70 628

BV (Rp) 124.76 155.86 218.16 239.27 249.78 649
DAR (X) 0.59 0.67 0.65 0.65 0.68

1.41 2.00 1.83 1.86 2.17
483
DER(X)
310
ROA (%) 5.54 7.23 7.11 6.27 1.60 317
236
ROE (%) 13.35 21.68 20.11 17.93 5.08
GPM (%) 21.60 22.07 21.45 21.38 22.06 150
OPM (%) 14.17 17.01 15.77 16.98 18.54

NPM (%) 6.57 9.11 8.95 8.73 9.84
-16
2013 2014 2015 2016 Mar-17

Payout Ratio (%) 12.01 17.97 6.84 6.99 -
Yield (%) 0.82 3.30 0.77 1.30 -

COMPANY REPORT
SSMS
SAWIT SUMBERMAS SARANA TBK.
Company Profile

PT Sawit Sumbermas Sarana Tbk. was established in Jakarta dated November 22, 1995.
ThescopeofCompanysactivitiesisagriculture,trade,andindustry.

The Company commenced its commercial operations in 2005. The company is primarily
involvedintheoperationsofoilpalmplantationsandapalmoilmillwhichproducescrude
palmoilandpalmkernelwithprocessingcapacitiesof90MToffreshfruitbunches(FFB)
perhour.OnApril12,2013,theCompanyhasstartedtheproductionofthesecondpalm
oilmillwithprocessingcapacitiesof60MTperhour.Theoilpalmplantationandbothpalm
oilmillarelocatedinArutSelatan,KotawaringinBarat,CentralKalimantan.

AsofMarch30th,2017,theCompanyanditssubsidiarieshad5,175permanentemployees.

TheCompanyhasdirectandindirectownershipinterestsintheconsolidatedsubsidiaries,
areasfollows:
PTKalimantanSawitAbadi,
PTTanjungSawitAbadi,
PTSawitMultiUtama,
PTMitraMendawaiSejati,
PTMirzaPratamaPutra,
PTMentengKencanaMas,
PTKalimantanSawit Abadi,
PTTanjungSawitAbadi,
PTSawitMandiriLestari.

August 2017
Disclaimer:

SSMS SawitSumbermasSaranaTbk.[S]
74 | 14.0T | 0.22% | 81.23%
24 | 16.0T | 0.85% | 58.55%

Established Date : 22-Nov-1995 1. PT Citra Borneo Indah 2,970,430,600 : 31.19%
Listing Date : 12-Dec-2013 2. PT Mandiri Indah Lestari 1,300,000,000 : 13.65%
Under Writer IPO : 3. PT Prima Sawit Borneo 1,300,000,000 : 13.65%
PT BNP Paribas Securities Indonesia 4. Bank Of Singapore Limited-2048834001 802,500,000 : 8.43%
PT Mandiri Sekuritas 5. PT Putra Borneo Agro Lestari 652,682,900 : 6.85%
PT RHB OSK Securities Indonesia 6. Public (<5%) 2,499,386,500 : 26.23%
Securities Administration Bureau :
PT Datindo Entrycom DIVIDEND ANNOUNCEMENT
Wisma Sudirman - Puri Datindo Bonus Cash Recording Payment
F/I
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 Year Shares Dividend Cum Date Ex Date Date Date
2016 18.64 26-May-17 29-May-17 31-May-17 21-Jun-17 F
1. Bungaran Saragih ISSUED HISTORY
2. Marzuki Usman *) Listing Trading
3. Rimbun Situmorang No. Type of Listing Shares Date Date
*) Independent Commissioners 1. First Issue 1,500,000,000 12-Dec-13 12-Dec-13
2. Company Listing 8,025,000,000 12-Dec-13 12-Dec-13
BOARD OF DIRECTORS
1. Vallauthan Subraminam
2. Nicholas Justin Whittle
3. Ramzi Sastra
AUDIT COMMITTEE
1. Marzuki Usman
2. Wahyudi Susanto
3. Zulfitry Ramdan
CORPORATE SECRETARY
Deni A. Damayanto
HEAD OFFICE
Equity Tower 43rd Fl., Suite 43 D, SCBD Lot. 9
Jln. Jend. Sudirman Kav. 52-53
Jakarta 12190
Phone : (021) 2903-5401
Fax : (021) 2903-5405
Homepage : www.ssms.co.id
Email : corporate@ssms.co.id

TRADING ACTIVITIES
Sawit Sumbermas Sarana Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
Price* December 2013 - July 2017 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
2,400 1,600 Dec-13 850 670 820 40,829 1,031,455 790,493 11
2,100 1,400 Jan-14 940 780 840 90,546 1,525,166 1,313,401 20

Feb-14 1,000 795 995 124,186 1,968,412 1,819,170 20
Mar-14 1,105 970 1,035 151,752 2,801,526 2,882,007 20
1,800 1,200
Apr-14 1,215 1,035 1,200 124,281 1,499,197 1,678,780 20
May-14 1,330 1,185 1,245 109,941 1,336,469 1,694,579 18
1,500 1,000
Jun-14 1,305 1,230 1,245 138,806 853,528 1,084,394 21
Jul-14 1,290 1,130 1,265 96,713 850,674 1,029,194 18
1,200 800
Aug-14 1,360 1,245 1,305 95,927 994,842 1,280,910 20
Sep-14 1,450 1,255 1,265 191,666 1,626,852 2,252,941 22
900 600 Oct-14 1,285 970 1,245 132,232 1,118,780 1,343,498 23
Nov-14 1,490 1,105 1,460 121,970 1,046,976 1,364,530 20
600 400 Dec-14 1,700 1,430 1,665 73,625 953,444 1,460,547 20
300 200 Jan-15 1,735 1,605 1,650 106,690 964,382 1,624,413 21

Feb-15 2,005 1,635 1,985 96,459 880,303 1,547,313 19
Mar-15 2,040 1,950 1,990 90,903 1,051,135 2,095,972 22
Apr-15 2,185 1,855 1,900 81,703 1,050,938 2,146,096 21
Dec-13 Dec-14 Dec-15 Dec-16
May-15 2,425 1,895 2,350 74,128 1,594,465 3,350,131 19
Jun-15 2,350 1,755 1,845 74,060 1,405,027 2,645,755 21
Jul-15 2,035 1,830 1,965 84,049 2,452,024 4,652,566 19
Closing Price*, Jakarta Composite Index (IHSG) and Aug-15 1,980 1,560 1,615 57,854 1,261,217 2,300,148 20
Agriculture Index Sep-15 1,735 1,520 1,615 113,300 1,334,266 2,185,068 21
December 2013 - July 2017 Oct-15 2,050 1,620 1,900 142,293 1,408,432 2,616,336 21
245% Nov-15 1,970 1,555 1,580 113,733 1,563,679 2,706,985 21
Dec-15 2,050 1,555 1,950 101,789 1,696,965 2,861,298 19
210%
Jan-16 2,035 1,660 1,985 114,379 1,620,597 2,929,389 20
175% Feb-16 2,010 1,840 1,980 125,667 1,459,749 2,836,047 20
Mar-16 2,075 1,880 1,925 117,266 1,283,665 2,524,871 21
140% Apr-16 1,945 1,850 1,855 93,911 1,181,990 2,247,539 21
May-16 1,915 1,585 1,760 63,293 1,054,475 1,922,908 20
Jun-16 1,895 1,765 1,880 52,538 1,381,553 2,538,561 22
105% 103.5%
Jul-16 1,920 1,665 1,675 23,179 824,668 1,497,674 16
Aug-16 1,715 1,560 1,675 92,966 1,402,957 2,300,473 22
70%
Sep-16 1,735 1,545 1,555 63,437 850,400 1,397,735 21
Oct-16 1,585 1,440 1,520 63,513 1,320,217 2,006,126 21
35% 38.7%
Nov-16 1,540 1,300 1,370 79,071 1,230,427 1,766,536 22
Dec-16 1,445 1,300 1,400 60,293 1,129,486 1,603,592 20
-
-13.5% Jan-17 1,635 1,320 1,620 61,137 940,683 1,410,453 21
-35% Feb-17 1,685 1,455 1,525 30,549 929,237 1,473,119 19
Dec 13 Dec 14 Dec 15 Dec 16 Mar-17 1,685 1,375 1,655 48,221 811,916 1,223,091 22
Apr-17 1,750 1,625 1,750 40,103 561,794 950,080 17
May-17 1,790 1,630 1,790 26,294 732,167 1,194,538 20
SHARES TRADED 2013 2014 2015 2016 Jul-17 Jun-17 1,795 1,540 1,680 19,830 395,744 648,519 15
Volume (Million Sh.) 1,031 16,576 16,663 14,740 5,136 Jul-17 1,695 1,465 1,465 36,382 764,532 1,194,062 21
Value (Billion Rp) 790 19,204 30,732 25,571 8,094
Frequency (Thou. X) 41 1,452 1,137 950 263
Days 11 242 244 246 135
Price (Rupiah)
High 850 1,700 2,425 2,075 1,795
Low 670 780 1,520 1,300 1,320
Close 820 1,665 1,950 1,400 1,465
Close* 820 1,665 1,950 1,400 1,465
PER (X) 13.54 25.60 33.11 44.72 24.95

PER Industry (X) 15.46 19.34 -6.37 19.38 3.01
PBV (X) 3.37 5.78 6.12 4.19 4.27

Receivables 199,500 160,673 822,689 501,422 1,188,897

45,809 67,667 164,189 121,834 225,072 7,000
Inventories
Current Assets 1,957,546 2,300,594 1,732,968 1,796,842 2,857,299
5,250
Fixed Assets 593,891 596,197 2,298,868 1,749,108 1,746,596
Other Assets 250,512 241,486 48,678 1,414 1,497
3,500
Total Assets 3,701,917 4,032,885 6,973,851 7,162,970 8,261,550
Growth (%) 8.94% 72.92% 2.71% 15.34% 1,750
Current Liabilities 697,129 509,465 1,302,633 1,314,578 876,686 -

Long Term Liabilities 688,518 518,821 2,637,166 2,394,595 3,686,442 2013 2014 2015 2016 Mar-17
Growth (%) -25.79% 283.14% -5.85% 23.02%
Paid up Capital 952,500 952,500 952,500 952,500 952,500 3,454
Par Value 100 100 100 100 100

2,944
2,316
Retained Earnings 443,443 1,113,039 1,459,853 1,865,977 2,105,059
2,189
Total Equity 2,316,270 3,004,600 3,034,052 3,453,797 3,698,421

Growth (%) 29.72% 0.98% 13.83% 7.08% 1,435
INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Mar-17 681
Total Revenues 1,962,435 2,180,673 2,371,878 2,722,678 715,360

Growth (%) 11.12% 8.77% 14.79%
-74
2013 2014 2015 2016 Mar-17
Cost of Revenues 949,458 1,027,885 1,123,966 1,256,619 290,706

Gross Profit 1,012,977 1,152,788 1,247,912 1,466,059 424,654
Expenses (Income) 74,648 219,724 362,403 571,247 87,525
Operating Profit 938,329 933,065 885,509 894,811 337,129 2,723
-0.56% -5.10% 1.05%

2,723
Growth (%) 2,372

2,181
2,167
1,962
Other Income (Expenses) -84,910 53,824 -110,060 -47,424 -12,217
Income before Tax 853,419 986,889 775,449 847,388 324,911 1,612
Tax 221,750 249,059 188,305 255,729 84,375

Profit for the period 631,669 737,830 587,144 591,659 240,536 715
1,056
Growth (%) 16.81% -20.42% 0.77%

501
Period Attributable 576,824 719,097 -26,231 591,659 239,082 -54
Comprehensive Income 631,669 737,830 599,622 601,455 241,487 2013 2014 2015 2016 Mar-17
Comprehensive Attributable 576,824 719,097 -26,578 601,455 237,627
Current Ratio (%) 280.80 451.57 133.04 136.69 325.92
738
Dividend (Rp) - 22.65 17.67 18.64 - 738
632
EPS (Rp) 60.56 75.50 -2.75 62.12 25.10 587 592
BV (Rp) 243.18 315.44 318.54 362.60 388.29 587
DAR (X) 0.37 0.25 0.56 0.52 0.55

0.60 0.34 1.30 1.07 1.23
437
DER(X)
ROA (%) 17.06 18.30 8.42 8.26 2.91 286
241
ROE (%) 27.27 24.56 19.35 17.13 6.50
GPM (%) 51.62 52.86 52.61 53.85 59.36 136
OPM (%) 47.81 42.79 37.33 32.87 47.13

NPM (%) 32.19 33.83 24.75 21.73 33.62
-15
2013 2014 2015 2016 Mar-17

Payout Ratio (%) - 30.00 -641.50 30.01 -
Yield (%) - 1.36 0.91 1.33 -

COMPANY REPORT
TLKM
TELEKOMUNIKASI INDONESIA
(PERSERO) TBK.
Company Profile
Telkom Group is transforming to become digital telecommunication company that

envisions to be the King of Digital in The Region, the king of telecommunication and
digital services. Telkom envisions To be the King of Digital In the Region, which means
thatasadigitaltelco,Telkomiscommittedtoprovidevarious,customerexperiencebased,
endtoenddigitalsolutionservices.
In order to serve customers better as well as to grow digital business, Telkom Group
continues to invest in digital infrastructure including access network, backbone network
and data center. Telkom continues to strengthen broadband connectivity services as its
corebusiness,developdigitalmediationplatformanddigitalservices.Thesearethethree
pillars for Telkoms digital business growth in order to increase its competitiveness and
companyvalue.
TLKM continue to explore business development opportunities through various inorganic
domestic and global initiatives, selectively and prudently and in consideration to synergy
value.Thisisgiventhefactthattechnologyanddigitalbusinessareincreasinglyborderless.
Wealwaysdevelopourdigitalcompetenceinaccordancetotheinternationalstandardsso
thatwehavethecompetitiveedgetooperatemoreextensivelyintheglobalmarket.
TLKM business is to provide telecommunications networks and telecommunications and
information services, and to optimize the Companys resources. To attain the
aforementioned objectives, the Company may undertake business activities that
incorporatethefollowing:
1. MainBusiness
a. To plan, build, deliver, develop, operate, market or sell/lease, and maintain
telecommunications and information networksin the broadest sense with
respecttoprovisionsoflawsandregulations.
b. Toplan,develop,deliver,marketorsellandimprovetelecommunicationsand
information servicesin the broadest sense with respect to provisions of laws
andregulations.
2. SupportingBusiness
a. To provide payment transaction and remittance services via
telecommunicationsandinformationnetworks.
b. To carry out activities and other undertakings in respect of optimizing the
Companysresources,amongotherstheutilizationoftheCompanysproperty,
plant and equipment and movable assets, information system facilities,
educationandtrainingfacilitiesandmaintenanceandrepairfacilities.
TheCompanyanditssubsidiarieshadatotalof23,726employeesasofJune30th,2017.
August 2017
Disclaimer:

TLKM Telekomunikasi Indonesia (Persero) Tbk. [S]
Industry Sub Sector : Telecommunication (73) Market Capitalization : 472,751,983,116,000
1 | 472.8T | 7.39% | 7.39%
2 | 98.5T | 5.24% | 21.35%

Established Date : 24-Sep-1991 1. Negara Republik Indonesia 51,602,353,560 : 51.19%
Under Writer IPO :
F/I
PT Makindo Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1995 24.48 07-Jun-96 10-Jun-96 18-Jun-96 17-Jul-96 F
PT Datindo Entrycom 1996 41.25 13-May-97 14-May-97 23-May-97 20-Jun-97 F
Wisma Sudirman - Puri Datindo 1997 32.75 22-May-98 25-May-98 02-Jun-98 01-Jul-98 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 1997 15.75 23-Nov-98 24-Nov-98 02-Dec-98 30-Dec-98 F
Phone : (021) 570-9009 1998 35.69 24-May-99 25-May-99 02-Jun-99 01-Jul-99 F
Fax : (021) 570-9026 1998 50 : 4 24-Jun-99 25-Jun-99 05-Jul-99 02-Aug-99 B
1998 15.30 24-May-99 25-May-99 02-Jun-99 30-Dec-99 F
BOARD OF COMMISSIONERS 1999 53.88 26-Apr-00 27-Apr-00 05-May-00 22-May-00 F
1. Hendri Saparini 1999 53.88 09-Oct-00 10-Oct-00 18-Oct-00 01-Nov-00 F
2. Dolfie Othniel Fredric Palit 2000 44.08 31-May-01 01-Jun-01 07-Jun-01 21-Jun-01 I
3. Hadiyanto 2000 44.08 10-Oct-01 11-Oct-01 17-Oct-01 31-Oct-01 F
4. Margiyono Darsasumarja *) 2001 210.82 24-Jul-02 25-Jul-02 30-Jul-02 12-Aug-02 F
5. Pamiyati Pamela Johana Waluyo *) 2002 331.16 03-Jun-03 04-Jun-03 06-Jun-03 12-Jun-03 F
6. Pontas Tambunan 2003 301.95 23-Aug-04 24-Aug-04 26-Aug-04 07-Sep-04 F
7. Rinaldi Firmansyah *) 2004 7.11 23-Dec-04 27-Dec-04 29-Dec-04 06-Jan-05 I
*) Independent Commissioners 2005 144.90 15-Jul-05 18-Jul-05 20-Jul-05 03-Aug-05
2005 218.86 21-Jul-06 24-Jul-06 26-Jul-06 09-Aug-06 F
BOARD OF DIRECTORS 2006 48.45 21-Dec-06 22-Dec-06 27-Dec-06 02-Jan-07 I
1. Alex Janangkih Sinaga 2006 254.76 20-Jul-07 23-Jul-07 25-Jul-07 08-Aug-07 F
2. Abdus Somad Arief 2007 48.45 29-Nov-07 30-Nov-07 04-Dec-07 18-Dec-07 I
3. Dian Rachmawan 2007 309.42 11-Jul-08 14-Jul-08 16-Jul-08 31-Jul-08 F
4. Harry M. Zen 2007 97.73 09-Oct-08 10-Oct-08 14-Oct-08 28-Oct-08 F
5. Herdy Rosadi Harman 2008 296.94 07-Jul-09 08-Jul-09 10-Jul-09 27-Jul-09 F
6. Honesti Basyir 2009 26.65 09-Dec-09 10-Dec-09 14-Dec-09 29-Dec-09 I
7. Indra Utoyo 2009 261.41 07-Jul-10 08-Jul-10 12-Jul-10 26-Jul-10 F
8. Muhamad Awaluddin 2010 26.75 22-Dec-10 23-Dec-10 28-Dec-10 11-Jan-11 I
2010 295.84 13-Jun-11 14-Jun-11 16-Jun-11 01-Jul-11 F
AUDIT COMMITTEE 2011 371.05 05-Jun-12 06-Jun-12 08-Jun-12 22-Jun-12 F
1. Margiyono Darsasumarja 2012 436.10 29-May-13 30-May-13 03-Jun-13 18-Jun-13 F
2. Cahyana Ahmadjayadi 2013 102.40 28-Apr-14 29-Apr-14 02-May-14 19-May-14 F
3. Dolfie Othniel Fredric Palit 2015 94.64 29-Apr-16 02-May-16 04-May-16 26-May-16 F
4. Rinaldi Firmansyah 2016 19.38 14-Dec-16 15-Dec-16 19-Dec-16 27-Dec-16 I
5. Sarimin Mietra Sardi 2016 136.76 02-May-17 03-May-17 05-May-17 26-May-17 F
6. Tjatur Purwadi
ISSUED HISTORY
CORPORATE SECRETARY Listing Trading
Andi Setiawan No. Type of Listing Shares Date Date
1. Negara RI (Seri A) 1 14-Nov-95 -
HEAD OFFICE 2. Negara RI (Seri B) (C/ L) 7,466,665,999 14-Nov-95 -
Telkom Landmark Tower, 37th Fl. 3. First Issue 933,333,000 14-Nov-95 14-Nov-95
Jln. Taman Widya Chandra, RT 6/RW 1, RT 6/RW 1 4. First Issue (LN) 700,000,000 14-Nov-95 14-Nov-95
Kuningan Barat., Mampang Prapatan., Jakarta Selatan 5. First Issue (divesment) 233,334,000 14-Nov-95 14-Nov-95
Phone : (021) 521-5109 6. Bonus Shares 746,666,640 03-Aug-99 03-Aug-99
Fax : (021) 522-0500 7. Stock Split 10,079,999,640 28-Sep-04 28-Sep-04
8. Stock Split 86,247,402,484 28-Aug-13 28-Aug-13
Homepage : www.telkom.co.id
Email : andi.setiawan@telkom.co.id; investor@telkom.co.id

TRADING ACTIVITIES
Telekomunikasi Indonesia (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
4,800 3,200 Jan-13 9,800 8,800 9,700 36,521 503,515 4,706,492 21
Feb-13 10,950 9,550 10,750 33,202 490,700 4,847,559 20
4,200 2,800 Mar-13 11,150 10,250 11,000 48,503 431,788 4,644,566 19
Apr-13 12,500 10,400 11,700 47,977 628,400 7,176,984 22
May-13 12,900 11,050 11,050 53,417 600,206 7,142,391 22
3,600 2,400
Jun-13 11,700 9,500 11,250 69,132 840,094 8,855,033 19
Jul-13 12,200 10,500 11,900 62,831 1,036,661 11,830,601 23
3,000 2,000
Aug-13 12,200 1,980 2,200 55,347 800,356 5,440,892 17
Sep-13 2,450 1,950 2,100 88,615 3,130,995 6,767,447 21
2,400 1,600
Oct-13 2,375 2,100 2,350 73,248 2,393,760 5,401,091 21
Nov-13 2,350 2,025 2,175 71,880 2,327,085 5,106,312 20
1,800 1,200 Dec-13 2,200 1,980 2,150 65,021 2,557,552 5,303,635 19
1,200 800 Jan-14 2,275 2,060 2,275 73,661 2,046,978 4,477,865 20

Feb-14 2,420 2,170 2,325 89,854 2,341,555 5,388,836 20
600 400 Mar-14 2,340 2,130 2,215 138,480 3,078,227 6,852,057 20
Apr-14 2,380 2,150 2,265 92,955 2,509,934 5,764,026 20
May-14 2,700 2,275 2,575 85,833 2,521,242 6,220,057 18
Jun-14 2,550 2,405 2,465 85,531 5,009,842 12,180,200 21
Jul-14 2,710 2,465 2,650 86,242 2,002,276 5,218,503 18
Aug-14 2,800 2,590 2,665 105,961 2,532,990 6,865,678 20
Sep-14 3,010 2,675 2,915 103,021 2,088,870 5,878,718 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 2,930 2,680 2,750 136,701 2,888,270 8,092,823 23
Infrastructure, Utilities and Transportation Index Nov-14 2,830 2,590 2,825 95,257 1,713,846 4,692,945 20
January 2013 - July 2017 Dec-14 2,890 2,725 2,865 93,946 1,493,266 4,209,293 20
175%
162.0% Jan-15 2,930 2,780 2,830 89,423 1,809,529 5,148,840 21
150% Feb-15 3,020 2,800 2,935 110,113 2,270,639 6,527,476 19
Mar-15 2,995 2,770 2,890 119,901 2,438,708 7,127,764 22
125% Apr-15 2,910 2,595 2,615 117,916 2,712,082 7,596,492 21
May-15 2,895 2,620 2,845 108,012 2,139,833 6,010,790 19
100% Jun-15 2,955 2,800 2,930 109,106 1,540,444 4,431,918 21
Jul-15 2,950 2,800 2,940 102,810 1,522,353 4,386,763 19
Aug-15 2,970 2,590 2,870 142,706 2,079,634 5,899,128 20
75%
Sep-15 2,875 2,485 2,645 108,224 1,393,722 3,782,598 21
Oct-15 2,830 2,600 2,680 118,031 1,786,848 4,869,451 21
50%
Nov-15 2,980 2,660 2,930 100,904 1,724,444 4,878,723 21
34.4%
33.8% Dec-15 3,170 2,900 3,105 113,512 2,208,650 6,693,917 19
25%
Jan-16 3,385 3,045 3,340 134,592 2,367,503 7,527,167 20

- Feb-16 3,510 3,140 3,250 161,321 2,337,972 7,726,475 20
Mar-16 3,500 3,250 3,325 158,527 2,865,640 9,655,758 21
-25% Apr-16 3,810 3,305 3,550 149,352 2,438,118 8,628,631 21
Jun-16 4,010 3,710 3,980 130,408 3,968,000 15,180,095 22
Jul-16 4,500 3,950 4,230 118,236 1,997,166 8,329,961 16
Frequency (Thou. X) 706 1,187 1,341 1,692 801 Nov-16 4,300 3,640 3,780 185,349 3,064,343 12,205,850 22
Days 244 242 244 246 135 Dec-16 4,020 3,670 3,980 128,029 1,714,691 6,636,241 20
Price (Rupiah) Jan-17 4,030 3,780 3,870 104,153 1,570,645 6,187,403 21

High 12,900 3,010 3,170 4,570 4,790 Feb-17 3,980 3,830 3,850 99,554 1,864,775 7,248,139 19
Low 1,950 2,060 2,485 3,045 3,780 Mar-17 4,190 3,810 4,130 140,069 2,195,885 8,830,526 22
Close 2,150 2,865 3,105 3,980 4,690 Apr-17 4,520 4,010 4,370 96,536 1,932,288 8,208,882 17
Close* 2,150 2,865 3,105 3,980 4,690 May-17 4,670 4,270 4,350 136,167 2,109,583 9,260,680 20
Jun-17 4,540 4,290 4,520 90,159 2,173,809 9,495,629 15
PER (X) 15.26 18.92 20.21 20.42 17.71 Jul-17 4,790 4,500 4,690 134,755 1,903,450 8,824,948 21
PER Industry (X) 12.11 20.04 9.49 8.16 15.40
PBV (X) 2.80 3.57 3.35 4.23 4.21

Receivables 6,421,000 6,848,000 7,872,000 7,900,000 11,602,000

509,000 474,000 528,000 584,000 1,139,000 150,000
Inventories
Current Assets 33,075,000 33,762,000 47,912,000 47,701,000 42,012,000
112,500
Fixed Assets 86,761,000 94,809,000 103,700,000 114,498,000 121,374,000
Other Assets - - - - 9,131,000
75,000
Total Assets 127,951,000 140,895,000 166,173,000 179,611,000 177,843,000
Growth (%) 10.12% 17.94% 8.09% -0.98% 37,500

Growth (%) 8.40% 32.82% 1.82% 2.37%
102,024
Paid up Capital 5,040,000 5,040,000 5,040,000 5,040,000 5,040,000 105,544
93,428
77,424
Par Value 50 50 50 50 0
84,013

77,424,000 86,125,000 93,428,000 105,544,000 102,024,000
62,482
Total Equity
Growth (%) 11.24% 8.48% 12.97% -3.34% 40,951
Total Revenues 82,967,000 89,696,000 102,470,000 116,333,000 64,021,000

Growth (%) 8.11% 14.24% 13.53%
-2,111
2013 2014 2015 2016 Jun-17
Gross Profit - - - - 64,021,000
Expenses (Income) 55,121,000 60,319,000 70,052,000 77,138,000 40,235,000
Growth (%) 5.50% 10.35% 20.91% 102,470

116,333
89,696
92,601
82,967
Other Income (Expenses) -697,000 -593,000 -1,076,000 -1,006,000 -531,000
64,021
Tax 6,859,000 7,338,000 8,025,000 9,017,000 5,760,000

Growth (%) 5.70% 8.72% 25.11%

21,405
Current Ratio (%) 116.31 106.22 135.29 119.97 106.84
29,172
Dividend (Rp) 102.40 - 94.64 156.14 - 29,172
EPS (Rp) 140.92 145.22 153.66 171.93 120.08 23,317

21,446
BV (Rp) 768.10 854.41 926.87 1,047.06 1,012.14 23,221
20,290
DAR (X) 0.39 0.39 0.44 0.41 0.43 17,495
DER(X) 0.65 0.64 0.78 0.70 0.74

17,270
ROA (%) 15.86 15.22 14.03 16.24 9.84 11,319
ROE (%) 26.21 24.90 24.96 27.64 17.15

GPM (%) - - - - 100.00 5,368
OPM (%) 33.56 32.75 31.64 33.69 37.15

NPM (%) 24.46 23.91 22.75 25.08 27.33
-583
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 72.66 - 61.59 90.82 -
Yield (%) 4.76 - 3.05 3.92 -

COMPANY REPORT
UNTR
UNITED TRACTORS TBK.
Company Profile

PTUnitedTractorsTbk.wasestablishedonOctober13th,1972,underthenameofPTInter
Astra Motor Works, as heavy equipment distributor in Indonesia. The Company
commencedcommercialoperationsin1973.

The principal activities of the Company and its subsidiaries include sales and rental of
heavyequipment(Constructionmachineries)andrelatedaftersalesservices,coalmining
and mining contracting. Included in mining contracting is integrated mining contracting
service.

TheCompanyiscontrolledbyitsimmediateparentcompanyPTAstraInternationalTbk.,a
company incorporated in Indonesia. PT Astra International Tbk's largest shareholder is
Jardine Cycle & Carriage Ltd, a company incorporated in Singapore. Jardine Cycle &
CarriageLtdisasubsidiaryofJardineMathesonHoldingsLtd,acompanyincorporatedin
Bermuda.

The Company is domiciled in Jakarta with 20 branches, 22 site offices and 10
representativeofficesthroughoutIndonesia.

Thecompanyhasdirectownershipindomesticandforeignsubsidiaries:
PTPamapersadaNusantara,
PTKaryaSupraPerkasa,
PTUnitraPersadaEnergia,
PTUnitedTractorsPanduEngineering,
PTBinaPertiwi,
PTAndalanMultiKencana,
UTHeavyIndustry(S)Pte.Ltd.(UTHI),Singapore
PTUniversalTeknoReksajaya,
PTTambangSupraPerkasa.

AsofJune30th,2017,theGrouphadapproximately27,953employees.
August 2017
Disclaimer:

UNTR United Tractors Tbk. [S]
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91) Market Capitalization : 112,277,067,593,600
10 | 112.3T | 1.75% | 48.61%
10 | 30.5T | 1.62% | 43.92%

Established Date : 13-Oct-1972 1. PT Astra International Tbk. 2,219,317,358 : 59.50%
Listing Date : 19-Sep-1989 2. Public (<5%) 1,510,817,778 : 40.50%
Under Writer IPO :
PT (Persero) Danareksa Bonus Cash Recording Payment
F/I
PT Finconesia Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1995 85.00 20-Jun-96 21-Jun-96 01-Jul-96 31-Jul-96 F
PT Raya Saham Registra 1996 60.00 21-Nov-96 22-Nov-96 02-Dec-96 27-Dec-96 I
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 1999 5:9 08-Jun-00 09-Jun-00 14-Jun-00 23-Jun-00 B
Phone : (021) 252-5666 2004 20.00 30-Nov-04 01-Dec-04 03-Dec-04 17-Dec-04 I
Fax : (021) 252-5028 2005 35.00 23-Jun-05 22-Jun-05 27-Jun-05 11-Jul-05
2005 110.00 12-Jun-06 13-Jun-06 15-Jun-06 29-Jun-06 F
BOARD OF COMMISSIONERS 2006 45.00 13-Oct-06 16-Oct-06 18-Oct-06 03-Nov-06 I
1. Prijono Sugiarto 2006 85.00 20-Jun-07 21-Jun-07 25-Jun-07 08-Jul-07 F
2. Buntoro Muljono *) 2007 60.00 10-Oct-07 11-Oct-07 18-Oct-07 01-Nov-07 I
3. Chiew Sin Cheok 2007 150.00 10-Jun-08 11-Jun-08 13-Jun-08 27-Jun-08 F
4. Djoko Pranoto Santoso 2008 100.00 23-Oct-08 24-Oct-08 28-Oct-08 11-Nov-08 I
5. Djony Bunarto Tjondro 2008 220.00 11-Jun-09 12-Jun-09 16-Jun-09 26-Jun-09 F
6. Nanan Soekarna *) 2009 330.00 14-Jun-10 15-Jun-10 17-Jun-10 01-Jul-10 F
*) Independent Commissioners 2010 160.00 27-Oct-10 28-Oct-10 01-Nov-10 12-Nov-10 I
2010 430.00 31-May-11 01-Jun-11 06-Jun-11 13-Jun-11 F
BOARD OF DIRECTORS 2011 185.00 27-Oct-11 28-Oct-11 01-Nov-11 11-Nov-11 I
1. Gidion Hasan 2011 635.00 11-May-12 14-May-12 16-May-12 30-May-12 F
2. Edhie Sarwono 2012 210.00 16-Oct-12 17-Oct-12 19-Oct-12 02-Nov-12 I
3. Franciscus Xaverius Laksana Kesuma 2012 620.00 14-May-13 15-May-13 17-May-13 31-May-13 F
4. Idot Supriadi 2013 175.00 02-Oct-13 03-Oct-13 07-Oct-13 23-Oct-13 I
5. Imam Nurwahyu 2013 515.00 14-May-14 16-May-14 20-May-14 05-Jun-14 F
6. Iwan Hadiantoro 2014 195.00 09-Oct-14 10-Oct-14 14-Oct-14 28-Oct-14 I
7. Loudy Irwanto Ellias 2014 740.00 28-Apr-15 29-Apr-15 04-May-15 22-May-15 F
2015 251.00 28-Sep-15 29-Sep-15 01-Oct-15 16-Oct-15 I
AUDIT COMMITTEE 2015 440.00 02-May-16 03-May-16 09-May-16 23-May-16 F
1. Buntoro Muljono 2016 143.00 28-Sep-16 29-Sep-16 03-Oct-16 17-Oct-16 I
2. Diana Makmur
3. Lianny Leo ISSUED HISTORY
Listing Trading
CORPORATE SECRETARY No. Type of Listing Shares Date Date
Sara K. Loebis 1. First Issue 2,700,000 19-Sep-89 19-Sep-89
2. Partial Listing 8,436,000 T: 26-Dec-89 : 27-Feb-91
HEAD OFFICE 3. Right Issue 2,151,579,636 T: 27-May-91 : 06-Jun-11
Jln. Raya Bekasi Km. 22 4. Company Listing 11,864,000 T: 25-Mar-92 : 01-Apr-92
Jakarta 13910 5. Bonus Shares 351,900,000 T: 04-Apr-94 : 26-Jun-00
Phone : (021) 460-5959-79 6. Stock Split 1,159,200,000 05-Sep-00 05-Sep-00
Fax : (021) 460-0655, 460-0677 7. ESOP Conversion 1,201,500 T: 27-May-03 : 12-Jun-03
8. ESOP Conversion II 43,254,000 T: 11-Jun-03 : 14-Jul-05
Homepage : www.unitedtractors.com
Email : sarakl@unitedtractors.com
ir@unitedtractors.com

TRADING ACTIVITIES
United Tractors Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
32,000 40.0 Jan-13 22,000 19,250 19,750 37,566 137,029 2,832,813 21
Feb-13 20,250 18,800 19,300 28,991 103,417 1,998,532 20
28,000 35.0 Mar-13 20,650 17,150 18,200 32,376 126,007 2,424,466 19
Apr-13 19,400 17,700 17,750 24,930 101,694 1,879,304 22
May-13 18,200 16,200 16,300 28,432 106,717 1,837,046 22
24,000 30.0
Jun-13 18,200 15,500 18,200 41,315 128,783 2,184,264 19
Jul-13 18,200 16,000 16,800 24,018 65,178 1,091,719 23
20,000 25.0
Aug-13 19,000 13,650 15,800 23,353 72,694 1,173,353 17
Sep-13 18,300 15,500 16,300 25,190 89,382 1,498,912 21
16,000 20.0
Oct-13 18,900 16,400 17,500 20,649 52,815 949,367 21
Nov-13 20,900 17,200 18,250 25,361 87,744 1,709,298 20
12,000 15.0 Dec-13 19,550 17,900 19,000 17,545 48,524 906,953 19
8,000 10.0 Jan-14 21,200 18,500 19,300 45,472 60,972 1,184,893 20

Feb-14 19,300 17,725 18,975 52,632 90,170 1,659,792 20
4,000 5.0 Mar-14 20,950 18,600 20,750 47,174 79,381 1,582,790 20
Apr-14 22,100 19,850 21,700 49,419 83,360 1,769,643 20
May-14 22,500 20,750 21,675 45,767 62,208 1,366,231 18
Jun-14 23,200 21,700 23,100 38,741 50,682 1,149,000 21
Jul-14 25,350 22,250 22,900 46,771 55,653 1,307,864 18
Aug-14 24,500 22,050 22,150 64,706 77,392 1,807,628 20
Sep-14 22,500 19,825 19,900 69,814 87,634 1,850,874 22
January 2013 - July 2017 Dec-14 18,275 16,425 17,350 57,332 87,212 1,551,160 20
60%
Jan-15 18,275 16,850 17,900 52,951 63,591 1,113,496 21
45% 43.7% Feb-15 21,025 17,525 20,750 50,302 82,703 1,569,832 19
Mar-15 22,350 20,300 21,800 71,498 93,856 2,010,940 22
34.4%
30% Apr-15 23,400 20,475 21,400 53,700 82,243 1,859,237 21
24.2% May-15 24,000 20,300 20,300 62,249 66,582 1,499,440 19
15% Jun-15 22,325 18,875 20,375 62,456 63,471 1,313,939 21
Jul-15 20,600 17,850 20,200 57,869 46,188 878,654 19
Aug-15 20,750 16,050 19,125 65,365 50,710 942,170 20
-
Sep-15 20,700 15,225 17,475 71,271 55,235 995,809 21
Oct-15 21,200 16,825 18,100 82,824 94,272 1,782,476 21
-15%
Nov-15 19,250 16,050 16,300 96,641 93,992 1,659,051 21
Dec-15 17,025 13,925 16,950 80,623 86,646 1,348,310 19
-30%
Jan-16 17,450 15,625 17,400 72,205 79,869 1,311,592 20

-45% Feb-16 17,475 14,475 15,525 66,700 66,192 1,058,219 20
Mar-16 15,725 14,825 15,300 76,498 104,001 1,593,464 21
-60% Apr-16 17,100 14,600 15,000 58,588 101,144 1,587,539 21
Jun-16 15,200 13,375 14,800 60,247 95,185 1,377,860 22
Jul-16 16,350 14,600 15,750 59,316 123,776 1,942,498 16
Volume (Million Sh.) 1,120 1,005 879 1,434 680 Sep-16 19,250 16,525 17,700 62,436 155,946 2,798,517 21
Days 244 242 244 246 135 Dec-16 23,950 19,200 21,250 82,313 110,733 2,393,569 20
Price (Rupiah) Jan-17 22,975 20,575 21,850 54,239 75,436 1,652,241 21

High 22,000 25,350 24,000 23,975 30,200 Feb-17 25,525 22,075 24,650 51,491 95,386 2,256,137 19
Low 13,650 16,425 13,925 12,550 20,575 Mar-17 28,200 23,750 26,500 85,633 125,481 3,290,455 22
Close 19,000 17,350 16,950 21,250 30,100 Apr-17 29,450 26,150 26,900 65,561 83,780 2,336,730 17
Close* 19,000 17,350 16,950 21,250 30,100 May-17 27,775 22,875 27,775 104,942 154,671 3,861,092 20
Jun-17 27,700 25,975 27,450 60,503 67,567 1,815,994 15
PER (X) 14.66 10.17 16.41 19.01 18.23 Jul-17 30,200 26,175 30,100 66,277 77,837 2,207,645 21
PER Industry (X) 15.42 22.13 14.53 19.07 8.98
PBV (X) 1.99 1.68 1.61 1.97 2.47

Receivables 11,814,937 13,586,675 12,169,624 12,114,511 15,320,272

6,176,470 7,770,086 8,328,331 7,108,044 8,149,194 70,000
Inventories
Current Assets 27,814,126 33,579,799 39,259,708 42,197,323 49,691,328
52,500
Fixed Assets 14,574,384 13,625,012 12,659,736 12,072,399 14,539,360
Other Assets - - - - -
35,000
Total Assets 57,362,244 60,292,031 61,715,399 63,991,229 78,258,738
Growth (%) 5.11% 2.36% 3.69% 22.30% 17,500

Growth (%) 0.01% 3.45% -4.88% 56.74%
42,622
Paid up Capital 932,534 932,534 932,534 932,534 932,534
39,250
44,764
38,577
Par Value 250 250 250 250 250
35,632

26,500
Total Equity 35,648,898 38,576,734 39,250,325 42,621,943 44,764,284

Growth (%) 8.21% 1.75% 8.59% 5.03% 17,369
Total Revenues 51,012,385 53,141,768 49,347,479 45,539,238 29,430,572

Growth (%) 4.17% -7.14% -7.72%
-895
2013 2014 2015 2016 Jun-17
Cost of Revenues 41,495,567 41,071,359 37,645,186 35,878,274 23,181,199

Gross Profit 9,516,818 12,070,409 11,702,293 9,660,964 6,249,373
Expenses (Income) 2,929,481 5,448,551 7,509,547 2,930,934 1,614,606
51,012 49,347
Growth (%)
53,142
45,539
42,301

29,431
Tax 1,788,559 1,781,888 1,400,307 1,625,553 1,058,900

Growth (%) 0.86% -42.30% 82.80%

9,778
Current Ratio (%) 191.02 206.04 214.77 229.88 182.65
5,104
Dividend (Rp) 690.00 935.00 691.00 143.00 - 5,104
4,799 4,840
EPS (Rp) 1,295.85 1,439.52 1,033.07 1,341.03 917.64

BV (Rp) 9,557.00 10,341.91 10,522.49 11,426.38 12,000.71 4,063
3,576
DAR (X) 0.38 0.36 0.36 0.33 0.43 2,792

0.61 0.56 0.57 0.50 0.75
3,022
DER(X)
ROA (%) 8.37 8.03 4.52 7.98 4.57 1,981
ROE (%) 13.46 12.55 7.11 11.98 7.99

GPM (%) 18.66 22.71 23.71 21.21 21.23 939
OPM (%) - - - - -
NPM (%) 9.41 9.11 5.66 11.21 12.15
-102
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 53.25 64.95 66.89 10.66 -
Yield (%) 3.63 5.39 4.08 0.67 -

CC O
OMM PP A
ANN YY RR EE PP O
O RR TT
UNVR
UNILEVER INDONESIA TBK.
Company Profile
PTUnileverIndonesiaTbk.wasestablishedonDecember5th,1933.UnileverIndonesiahas
growntobealeadingcompanyofHomeandPersonalCareaswellasFoodsandIceCream
productsinIndonesia.

The Company is engaged in the manufacturing, marketing and distribution of consumer
goods including soaps, detergents, margarine, dairy based foods, ice cream, cosmetic
products,teabasedbeveragesandfruitjuice.TheCompanycommenceditscommercial
operationsin1933.

Unilever Indonesias portfolio includes many of the worlds best known and wellloved
brands, such as: epsodent, Lux, Lifebuoy, Dove, Sunsilk, Clear, Rexona, Vaseline, Rinso,
Molto,Sunlight,Walls,BlueBand,Royco,Bango,etc.

TheCompanysmajorityshareholderasat31December2016isUnileverIndonesiaHolding
B.V.("UIH"),whileitsultimateparententityisUnileverN.V.,Netherlands.

TheCompanysfactoriesarelocatedatJln.Jababeka9BlokD,Jln.JababekaRayaBlokO,
Jln.JababekaVBlokUNo.1416,Jln.JababekaXIBlokLNo12,JababekaIndustrialEstate
Cikarang, Bekasi, West Java, and Jln. Rungkut Industri IV No. 511, Rungkut Industrial
Estate,Surabaya,EastJava.AsatJune30th,2017theCompanyhad6,241employees.

August 2017
Disclaimer:

UNVR UnileverIndonesiaTbk.[S]
Industry Sub Sector : Cosmetics And Household (54) Market Capitalization : 373,488,500,000,000
4 | 373.5T | 5.84% | 26.81%
13 | 22.2T | 1.18% | 47.74%

Established Date : 05-Dec-1933 1. Unilever Indonesia Holding BV 6,484,877,500 : 84.99%
Listing Date : 11-Jan-1982 2. Public (<5%) 1,145,122,500 : 15.01%
Under Writer IPO :
PT Danareksa Bonus Cash Recording Payment
F/I
PT Merchant Investment Corporation Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2000 200.00 28-Nov-00 29-Nov-00 04-Dec-00 18-Dec-00 I
PT Sharestar Indonesia 2000 490.00 12-Jul-01 13-Jul-01 18-Jul-01 01-Aug-01 F
Berita Satu Plasa 7th Fl. 2001 250.00 19-Nov-01 20-Nov-01 23-Nov-01 07-Dec-01 I
Jln. Jend. Gatot Subroto Kav. 35-36, Jakarta 12950 2001 250.00 28-Jan-02 29-Jan-02 01-Feb-02 18-Feb-02 I
Fax : (021) 527-7967 2001 300.00 05-Nov-02 06-Nov-02 08-Nov-02 22-Nov-02 I
2002 400.00 11-Feb-03 13-Feb-03 17-Feb-03 04-Mar-03 I
1. Maurits Daniel Rudolf Lalisang 2003 50.00 17-Feb-04 18-Feb-04 20-Feb-04 05-Mar-04 I
2. Cyrillus Harinowo *) 2003 80.00 15-Jul-04 16-Jul-04 20-Jul-04 03-Aug-04 F
3. Erry Firmansyah *) 2004 70.00 02-Dec-04 03-Dec-04 06-Dec-04 17-Dec-04 I
4. Hikmahanto Juwana *) 2004 60.00 04-Mar-05 07-Mar-05 09-Mar-05 24-Mar-05 I
5. Mahendra Siregar *) 2005 80.00 08-Jul-05 11-Jul-05 13-Jul-05 27-Jul-05
*) Independent Commissioners 2005 60.00 05-Dec-05 06-Dec-05 08-Dec-05 21-Dec-05 I
2005 120.00 22-Jun-06 23-Jun-06 27-Jun-06 11-Jul-06 F
BOARD OF DIRECTORS 2006 80.00 29-Nov-06 30-Nov-06 04-Dec-06 18-Dec-06 I
1. Hemant Bakshi 2006 125.00 22-Jun-07 25-Jun-07 27-Jun-07 11-Jul-07 F
2. Amparo Cheung Aswin 2007 90.00 28-Nov-07 29-Nov-07 03-Dec-07 14-Dec-07 I
3. Annemarieke de Haan 2007 167.00 26-Jun-08 27-Jun-08 01-Jul-08 11-Jul-08 F
4. Enny Hartati 2008 95.00 26-Nov-08 27-Nov-08 01-Dec-08 15-Dec-08 I
5. Hernie Raharja 2008 220.00 26-Jun-09 29-Jun-06 01-Jul-09 14-Jul-09 F
6. Jochanan Senf 2009 100.00 25-Nov-09 26-Nov-09 01-Dec-09 15-Dec-09 I
7. Sancoyo Antarikso 2009 299.00 28-Jun-10 29-Jun-10 01-Jul-10 13-Jul-10 F
8. Tevilyan Yudhistira Rusli 2010 100.00 26-Nov-10 29-Nov-10 01-Dec-10 15-Dec-10 I
9. Vikas Gupta 2010 344.00 27-Jun-11 28-Jun-11 01-Jul-11 13-Jul-11 F
10. Willy Saelan 2011 250.00 06-Dec-11 07-Dec-11 09-Dec-11 15-Dec-11 I
2011 296.00 27-Jun-12 28-Jun-12 02-Jul-12 13-Jul-12 F
AUDIT COMMITTEE 2012 300.00 10-Dec-12 11-Dec-12 13-Dec-12 20-Dec-12 I
1. Erry Firmansyah 2012 334.00 28-Jun-13 01-Jul-13 03-Jul-13 16-Jul-13 F
2. Dwi Martani 2013 330.00 02-Dec-13 03-Dec-13 05-Dec-13 12-Dec-13 I
3. Haryanto Sahari 2013 371.00 26-Jun-14 27-Jun-14 01-Jul-14 15-Jul-14 F
2014 336.00 02-Dec-14 03-Dec-14 05-Dec-14 12-Dec-14 I
CORPORATE SECRETARY 2015 342.00 01-Dec-15 02-Dec-15 04-Dec-15 17-Dec-15 I
Sancoyo Antarikso 2015 424.00 21-Jun-16 22-Jun-16 24-Jun-16 15-Jul-16 F
2016 375.00 05-Dec-16 06-Dec-16 08-Dec-16 22-Dec-16 I
HEAD OFFICE 2016 460.00 05-Jul-17 06-Jul-17 10-Jul-17 20-Jul-17 F
Graha Unilever, BSD Green Office Park Kav. 3
Jln. BSD Boulevard Barat, BSD City ISSUED HISTORY
Tangerang 15345 Listing Trading
Fax : (021) 8082-7002 1. First Issue 9,200,000 11-Jan-82 11-Jan-82
2. Bonus Shares 1,533,334 15-Dec-89 15-Dec-89
Homepage : www.unilever.co.id 3. Bonus Shares 717,891 22-Sep-93 22-Sep-93
Email : unvr.indonesia@unilever.com 4. Company Listing 64,848,775 02-Jan-98 02-Jan-98
5. Stock Split 686,700,000 06-Nov-00 06-Nov-00
6. Stock Split 6,867,000,000 03-Sep-03 03-Sep-03

UNVR Unilever Indonesia Tbk. [S]
TRADING ACTIVITIES
Unilever Indonesia Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
50,000 16.0 Jan-13 23,150 20,900 22,050 23,609 61,636 1,347,431 21
Feb-13 23,300 21,650 22,850 17,807 44,383 1,001,564 20
43,750 14.0 Mar-13 23,100 21,700 22,800 16,433 50,808 1,147,414 19
Apr-13 26,250 22,150 26,250 15,906 50,732 1,178,848 22
May-13 34,500 24,800 30,500 21,913 57,502 1,657,707 22
37,500 12.0
Jun-13 31,550 25,550 30,750 34,773 62,429 1,795,607 19
Jul-13 34,600 26,000 31,800 24,938 45,612 1,435,491 23
31,250 10.0
Aug-13 32,350 26,600 31,200 25,112 39,989 1,191,169 17
Sep-13 33,300 30,100 30,150 28,077 50,371 1,587,564 21
25,000 8.0
Oct-13 37,350 29,600 30,000 26,976 54,142 1,698,290 21
Nov-13 30,800 25,700 26,600 27,121 53,564 1,502,119 20
18,750 6.0 Dec-13 27,300 25,100 26,000 22,404 36,810 963,138 19
12,500 4.0 Jan-14 28,775 25,800 28,550 44,445 49,313 1,352,166 20

Feb-14 28,650 27,525 28,575 35,716 35,118 990,814 20
6,250 2.0 Mar-14 31,350 27,525 29,250 47,590 47,568 1,377,944 20
Apr-14 30,975 28,500 29,250 46,776 36,990 1,102,426 20
May-14 30,850 28,800 29,125 31,684 34,883 1,051,523 18
Jun-14 30,550 29,200 29,275 35,479 39,009 1,161,481 21
Jul-14 33,000 29,250 30,750 39,880 40,817 1,262,274 18
Aug-14 32,100 29,500 31,025 32,144 24,671 774,229 20
Sep-14 32,100 31,025 31,800 29,938 22,402 708,602 22
Consumer Goods Industry Index Nov-14 32,000 29,700 31,800 30,080 28,440 877,909 20
January 2013 - July 2017 Dec-14 32,300 30,525 32,300 33,887 33,894 1,063,175 20
140%
Jan-15 36,275 32,100 35,825 35,934 40,100 1,368,300 21
124.0%
120% Feb-15 37,000 34,850 36,000 40,106 34,539 1,238,699 19
Mar-15 40,500 35,750 39,650 50,052 51,654 1,975,029 22
100% Apr-15 44,500 37,675 42,600 63,276 53,485 2,155,514 21
May-15 46,000 42,150 43,300 46,562 41,628 1,831,169 19
80% Jun-15 43,700 39,300 39,500 64,240 45,770 1,889,850 21
Jul-15 41,375 38,100 40,000 48,134 32,657 1,306,892 19
Aug-15 40,400 33,000 39,725 58,033 51,971 1,908,691 20
60%
55.8% Sep-15 40,250 35,350 38,000 54,837 34,163 1,307,719 21
Oct-15 40,000 37,000 37,000 65,118 39,538 1,523,171 21
40%
34.4% Nov-15 38,500 34,500 36,750 50,036 39,978 1,471,337 21
Dec-15 37,825 34,150 37,000 47,897 39,437 1,426,482 19
20%
Jan-16 37,500 35,300 36,700 61,635 48,570 1,758,009 20

- Feb-16 46,175 36,050 44,525 61,609 60,547 2,467,245 20
Mar-16 47,800 41,975 42,925 83,827 71,335 3,117,613 21
-20% Apr-16 47,300 42,025 42,575 61,443 42,830 1,895,250 21
Jun-16 45,600 42,800 45,075 49,805 44,188 1,922,485 22
Jul-16 47,800 43,625 45,050 54,039 41,226 1,845,188 16
Volume (Million Sh.) 608 435 505 611 274 Sep-16 46,000 44,000 44,550 54,577 59,751 2,679,123 21
Days 244 242 244 246 135 Dec-16 42,425 37,825 38,800 60,970 57,838 2,329,836 20
Price (Rupiah) Jan-17 42,000 38,800 41,200 51,627 44,325 1,784,042 21

High 37,350 33,000 46,000 47,800 50,025 Feb-17 42,900 41,100 42,175 38,576 29,829 1,253,205 19
Low 20,900 25,800 32,100 35,300 38,800 Mar-17 44,200 41,825 43,325 46,728 45,851 1,967,676 22
Close 26,000 32,300 37,000 38,800 48,950 Apr-17 45,800 43,400 44,500 32,501 35,530 1,597,678 17
Close* 26,000 32,300 37,000 38,800 48,950 May-17 50,025 44,800 46,175 63,703 58,636 2,743,131 20
Jun-17 49,500 46,250 48,800 30,957 20,965 1,002,417 15
PER (X) 37.06 45.65 48.24 46.74 47.06 Jul-17 49,550 46,525 48,950 57,378 38,597 1,859,619 21
PER Industry (X) 15.98 24.22 17.71 23.77 7.46
PBV (X) 46.63 45.03 58.48 46.67 55.38

UNVR Unilever Indonesia Tbk. [S]
Receivables 3,279,694 3,052,260 3,602,272 3,809,854 5,554,630

2,084,331 2,325,989 2,297,502 2,318,130 2,405,585 16,000
Inventories
Current Assets 5,862,939 6,337,170 6,623,114 6,588,109 8,624,713
12,000
Fixed Assets 6,874,177 7,348,025 8,320,917 9,529,476 10,094,948
Other Assets 69,271 81,310 292,968 156,383 105,608
8,000
Total Assets 7,485,249 14,280,670 15,729,945 16,745,695 19,286,387
Growth (%) 90.78% 10.15% 6.46% 15.17% 4,000

Long Term Liabilities 674,076 817,056 775,043 1,163,363 1,204,895 2013 2014 2015 2016 Jun-17
Growth (%) 6.47% 12.61% 10.45% 19.42%
4,827 4,704
Paid up Capital 76,300 76,300 76,300 76,300 76,300 4,906
4,599
4,255
Par Value 10 10 10 10 10
3,905

4,254,670 4,598,782 4,827,360 4,704,258 4,906,114
2,904
Total Equity
Growth (%) 8.09% 4.97% -2.55% 4.29% 1,904
INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 903
Total Revenues 30,757,435 34,511,534 36,484,030 40,053,732 21,263,708

Growth (%) 12.21% 5.72% 9.78%
-98
2013 2014 2015 2016 Jun-17
Cost of Revenues 14,978,947 17,412,413 17,835,061 19,594,636 10,350,543

Gross Profit 15,778,488 17,099,121 18,648,969 20,459,096 10,913,165
Expenses (Income) 8,614,043 9,336,793 10,709,568 11,751,435 6,013,985
36,484
Growth (%) 8.35% 2.28% 9.68%
40,054
34,512
30,757
31,883

21,264
Tax 1,806,183 1,938,199 1,977,685 2,181,213 1,219,412

Growth (%) 7.21% 1.97% 9.21%

7,370
Current Ratio (%) 69.64 71.49 65.40 60.56 65.46
6,391
Dividend (Rp) 701.00 336.00 766.00 375.00 - 6,391
5,739 5,852
701.52 752.10 766.95 837.57 474.96 5,353
EPS (Rp)
BV (Rp) 557.62 602.72 632.68 616.55 643.00 5,087
DAR (X) 1.21 0.68 0.69 0.72 0.75 3,624

DER(X) 2.14 2.11 2.26 2.56 2.93
3,783
ROA (%) 71.51 40.18 37.20 38.16 18.79 2,480
ROE (%) 125.81 124.78 121.22 135.85 73.87

GPM (%) 51.30 49.55 51.12 51.08 51.32 1,176
OPM (%) 23.29 22.49 21.76 21.74 23.04

NPM (%) 17.40 16.63 16.04 15.96 17.04
-128
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 99.93 44.67 99.88 44.77 -
Yield (%) 2.70 1.04 2.07 0.97 -

CC O
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ANN YY RR EE PP O
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WIKA
WIJAYA KARYA (PERSERO) TBK.
Company Profile
PTWijayaKarya(Persero)Tbk.establisheddated29March1960.

The purpose and objectives of the Company is to engage in the construction industry,
manufacturing industry, conversion industry, rental, agency services, investment, agro
industry, renewable energy and conversion energy , trading, engineering, procurement,
construction,area(industrialzone)management,servicecapacityupgradesinthefieldof
construction,informationtechnologyforengineeringandplanningservices,byapplyingthe
principlesoflimitedliabilitycompanies.

The Company is domiciled at Jln. D.I. Panjaitan Kav. 9, Jakarta. The main activities
throughoutIndonesiaandoverseas.TheCompanystarteditsactivitiescommerciallyin1961.

TheCompanydirectlyownedmorethan50%sharesonsubsidiariesasfollows:
PTWijayaKaryaBeton,
PTWijayaKaryaRealty,
PTWijayaKaryaIndustridanKonstruksi,
PTWijayaKaryaRekayasaKonstruksi,
PTWijayaKaryaBangunanGedung,
PTWijayaKaryaBitumen.
TheentiresubsidiariesaredomiciledinIndonesia.

NumberofEmployeesoftheCompanyonMarch31st,2017was2,147employees.

August 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.

WIKA WijayaKarya(Persero)Tbk.[S]
60 | 18.7T | 0.29% | 77.75%
38 | 10.6T | 0.57% | 68.20%

Under Writer IPO :
PT CIMB-GK Securities Indonesia DIVIDEND ANNOUNCEMENT
F/I
PT Indo Premier Securities Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2007 5.97 06-Jun-08 09-Jun-08 11-Jun-08 25-Jun-08 F
Wisma Sudirman - Puri Datindo 2009 10.02 27-May-10 31-May-10 02-Jun-10 16-Jun-10 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2010 17.08 06-Jun-11 07-Jun-11 09-Jun-11 23-Jun-11 F
Phone : (021) 570-9009 2011 17.28 23-May-12 24-May-12 28-May-12 11-Jun-12 F
2013 27.82 28-Apr-14 29-Apr-14 02-May-14 13-May-14 F
BOARD OF COMMISSIONERS 2014 20.03 29-Apr-15 30-Apr-15 05-May-15 22-May-15 F
1. Bakti Santoso Luddin 2015 20.35 09-May-16 10-May-16 12-May-16 27-May-16 F
2. Eddy Kristanto 2016 33.86 24-Mar-17 27-Mar-17 30-Mar-17 18-Mar-17 F
3. Freddy R Saragih
4. Imas Aan Ubudiah *) ISSUED HISTORY
5. Liliek Mayasari Listing Trading
6. Mudijadi No. Type of Listing Shares Date Date
7. Nurrachman *) 1. First Issue 1,846,154,000 29-Oct-07 29-Oct-07
*) Independent Commissioners 2. Negara RI (Seri A) 1 29-Oct-07 29-Oct-07
3. Company Listing 3,999,999,999 29-Oct-07 29-Oct-07
BOARD OF DIRECTORS 4. ESOP II 213,500 T: 16-Dec-09 : 22-Dec-09
1. Bintang Perbowo 5. MSOP I 2,183,500 T: 24-May-10 : 30-Jun-10
2. Antonius MS Kosasi 6. MSOP II 908,000 T: 24-May-10 : 30-Jun-10
3. Bambang Pramujo 7. MSOP I & II 152,081,500 T: 22-Nov-10 : 05-Jan-11
4. Destiawan Soewardjono 8. ESOP/MSOP I & II 137,504,500 T: 20-May-11 : 01-Jul-13
5. Gandira Gutawa Sumapraja 9. ESOP/MSOP II 9,974,000 T: 22-Nov-11 : 01-Jul-14
6. I Gusti Ngurah Askhara Danadiputra 10. ESOP/MSOP I 206,000 30-Dec-13 30-Dec-13
11. Right Issue I 2,820,726,372 T: 22-Nov-16 : 29-Nov-16
AUDIT COMMITTEE
1. Nurrachman
2. Darsono Prawironegoro
3. M. Sjukrul Amien
4. Waluyati Supriyantini
CORPORATE SECRETARY
Puspita Anggraeni
HEAD OFFICE
Jln. D.I. Panjaitan Kav. 9
Jakarta 13340
Phone : (021) 819-2808, 850-8640
Fax : (021) 819-1235, 859-11969
Homepage : www.wika.co.id
Email : puspita@wikamail.id

WIKA Wijaya Karya (Persero) Tbk. [S]
TRADING ACTIVITIES
Wijaya Karya (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
3,600 240 Jan-13 1,730 1,470 1,650 25,183 446,947 726,586 21
Feb-13 1,780 1,590 1,770 22,785 521,572 871,607 20
3,150 210 Mar-13 2,075 1,680 2,025 39,561 759,537 1,407,679 19
Apr-13 2,475 1,950 2,400 27,075 501,903 1,087,356 22
May-13 2,900 2,375 2,825 24,613 424,941 1,105,249 22
2,700 180
Jun-13 2,875 1,930 2,050 45,363 735,887 1,669,932 19
Jul-13 2,325 1,590 2,075 48,860 935,852 1,864,035 23
2,250 150
Aug-13 2,250 1,350 1,740 38,418 604,516 1,095,151 17
Sep-13 2,125 1,620 1,920 52,542 912,763 1,717,307 21
1,800 120
Oct-13 2,125 1,820 1,920 31,706 501,965 982,191 21
Nov-13 1,950 1,600 1,650 27,137 392,473 683,096 20
1,350 90 Dec-13 1,810 1,540 1,580 22,377 320,791 543,658 19
900 60 Jan-14 1,985 1,580 1,950 39,945 484,540 901,013 20

Feb-14 2,185 1,900 2,145 57,551 850,413 1,734,639 20
450 30 Mar-14 2,505 2,120 2,390 53,471 842,897 1,956,887 20
Apr-14 2,535 2,050 2,265 88,318 1,193,527 2,718,051 20
May-14 2,475 2,230 2,345 48,610 678,582 1,597,528 18
Jun-14 2,345 2,145 2,215 29,386 300,893 677,128 21
Jul-14 2,860 2,205 2,650 53,246 583,781 1,491,132 18
Aug-14 2,990 2,595 2,870 42,619 442,129 1,229,926 20
Sep-14 2,950 2,580 2,605 48,236 379,891 1,065,777 22
January 2013 - July 2017 Dec-14 3,895 3,015 3,680 52,094 394,563 1,292,573 20
175%
Jan-15 3,795 3,455 3,745 52,642 422,511 1,535,100 21
150% Feb-15 3,895 3,460 3,660 55,188 417,389 1,520,634 19
Mar-15 3,670 3,320 3,495 50,820 304,513 1,059,529 22
125% Apr-15 3,620 2,930 2,985 44,846 296,524 1,000,500 21
May-15 3,390 2,835 3,140 48,134 364,505 1,126,932 19
100% Jun-15 3,190 2,480 2,505 44,211 244,883 673,596 21
Jul-15 3,190 2,515 2,655 48,347 321,152 931,043 19
Aug-15 2,835 2,370 2,765 53,430 374,592 989,582 20
75%
Sep-15 2,920 2,485 2,590 41,560 208,513 576,663 21
Oct-15 3,150 2,580 2,940 49,738 296,308 879,972 21
50% 51.7%
46.8% Nov-15 2,950 2,690 2,815 38,394 169,330 481,458 21
34.4% Dec-15 2,880 2,535 2,640 29,813 235,174 634,206 19
25%
Jan-16 2,910 2,605 2,800 35,647 287,391 807,865 20

- Feb-16 2,820 2,580 2,605 44,554 326,810 877,033 20
Mar-16 2,730 2,425 2,610 67,712 465,055 1,199,333 21
-25% Apr-16 2,765 2,520 2,650 37,202 215,531 575,267 21
Jun-16 3,000 2,400 2,960 46,124 456,973 1,281,418 22
Jul-16 3,070 2,830 2,980 27,396 213,347 623,073 16
Days 244 242 244 246 135 Dec-16 2,620 2,270 2,360 38,278 398,293 981,027 20
Price (Rupiah) Jan-17 2,590 2,340 2,570 39,608 460,644 1,146,818 21

High 2,900 3,895 3,895 3,390 2,590 Feb-17 2,590 2,450 2,500 29,940 391,553 982,876 19
Low 1,350 1,580 2,370 2,200 1,965 Mar-17 2,550 2,380 2,410 32,518 315,531 778,311 22
Close 1,580 3,680 2,640 2,360 2,080 Apr-17 2,430 2,180 2,370 42,095 339,707 787,387 17
Close* 1,463 3,408 2,445 2,360 2,080 May-17 2,420 2,180 2,290 39,167 336,456 771,209 20
Jun-17 2,290 2,190 2,210 26,060 209,842 468,245 15
PER (X) 17.02 42.35 25.97 39.54 18.94 Jul-17 2,280 1,965 2,080 48,826 353,369 739,213 21
PER Industry (X) 9.57 16.29 13.36 24.89 14.46
PBV (X) 3.01 4.79 2.99 3.71 1.45

WIKA Wijaya Karya (Persero) Tbk. [S]
Public Accountant : Soetjana, Mulyana & Rekan
Receivables 2,132,198 2,639,364 3,836,199 1,961,818 4,401,637

27,000
Inventories 1,118,390 817,307 1,031,278 1,247,710 1,665,707

20,250
Investment 1,583,043 1,941,539 1,897,987 439,202 2,775,820
Fixed Assets 1,640,292 2,676,043 3,184,400 3,465,843 3,489,105
13,500
Other Assets 71,743 71,075 41,183 22,103 73,805
Total Assets 12,594,963 15,915,162 19,602,406 31,096,539 32,766,325
6,750
Growth (%) 26.36% 23.17% 58.64% 5.37%
-
Trade Payable 3,061,518 3,902,807 4,323,398 4,680,244 5,244,118 2013 2014 2015 2016 Mar-17
Growth (%) 16.74% 29.52% 31.30% 7.55%
12,499
Paid up Capital 613,997 614,923 614,923 896,995 896,995

10,160
Par Value 100 100 100 100 100

1,202,095 1,518,306 2,013,224 2,627,883 2,872,961
7,556
Retained Earnings 5,438

4,979
Total Equity 3,226,959 4,978,758 5,438,101 12,498,715 12,763,894 4,952
3,227
Growth (%) 54.29% 9.23% 129.84% 2.12%
2,349

Total Revenues 11,884,668 12,463,216 13,620,101 15,668,833 3,813,447
-255
2013 2014 2015 2016 Mar-17

Growth (%) 4.87% 9.28% 15.04%
Cost of Revenues 10,562,234 11,038,647 11,965,441 13,441,729 3,400,938

Gross Profit 1,583,448 1,794,327 1,943,063 2,605,939 560,066

15,669
13,620
12,463
Growth (%) 15.21% 8.07% 37.33% 12,472
11,885

Tax 392,319 395,094 395,077 83,345 22,130 6,080
3,813
Profit for the period 624,372 750,796 703,005 1,147,145 265,179
Growth (%) 20.25% -6.37% 63.18%
2,883
-313
Period Attributable 569,940 615,181 625,044 1,011,828 245,078 2013 2014 2015 2016 Mar-17
Comprehensive Income 624,372 750,796 709,311 1,128,869 265,179
RATIOS Dec-13 Dec-14 Dec-15 Dec-16 Mar-17 1,147
Dividend (Rp) 27.82 20.03 20.35 33.86 - 1,147
EPS (Rp) 101.69 122.10 114.32 127.89 29.56

BV (Rp) 525.57 809.66 884.36 1,393.40 1,422.96 913
751
703
DAR (X) 0.74 0.69 0.72 0.60 0.61 624
DER(X) 2.90 2.20 2.60 1.49 1.57
679
ROA (%) 4.96 4.72 3.59 3.69 0.81 445
ROE (%) 19.35 15.08 12.93 9.18 2.08 265
GPM (%) 13.32 14.40 14.27 16.63 14.69 211
OPM (%) 10.23 11.24 11.12 13.27 11.60

NPM (%) 5.25 6.02 5.16 7.32 6.95
-23
2013 2014 2015 2016 Mar-17

Payout Ratio (%) 27.36 16.40 17.80 26.48 -
Yield (%) 1.15 0.83 0.84 1.41 -

CC O
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WSKT
WASKITA KARYA (PERSERO) TBK.
Company Profile
The Company was first established as a foreign company under the name "Volker
AanemingMaatschappijNV"whichlaterbecamenationalizedStateCompany(PN)Waskita
KarjaonJanuary1,1961,andtheCompanyatthetimewasbasedinJakarta.
Sincethecompanygoespublicin2012,thecompanyhasstartedtoexpandbyengagingin
otherbusinesslinessuchasConcretePrecast,TollRoad,RealtyandEnergy.Until2016,the
company has 4 subsidiaries; PT Waskita Beton Precast engages in Precast business, PT
WaskitaKaryaEnergyengagesinMiniHydroPowerPlant,PTWaskitaKaryaRealtyengages
inRealtyandProperty,andPTWaskitaTollRoadengagesinTollRoads.
As the government plans to develop the infrastructur projects, the company is currently
striving to expand the toll road business through its subsidiary, PT Waskita Toll Road by
engaging 18 toll roads in total. Company effort to exceed the toll road development
projectsinJavaandSumatraleadsthecompanytoincreaseitscontractvalueby118.09%
in2016.Thecompanyalsorecordedanincreaseofrevenuesby68.08%comparedto2015.
Intheupcomingyears,thecompanyplanstowinmoretollroadconcessionsandtobethe
biggesttollroadcontractorinthecountry.
During2016,thecompanyseesbuildingprojects,civilprojects,aswellasEPCprojectsfrom
thegovernmentarequiteappealingwiththegrowingcivilprojects,thecompanyseeksto
keep up with this development by making investment in new resources while still
maintaininggoodportfolioofcompany'sbuildingprojects.
The Companys strategy is realized by achieving set targets in terms of contract value,
revenueandprofitbyemployingthefollowingstrategiesandpolicies:
Remain focus on the core business with new market expansion in related business
sectors:precastconcrete,realtyandinvestmentintollroads;
Focus on public sector and potential civil works from private sector, particularly large
scaleandprestigiousinfrastructureprojects;
Improvement of competitiveness through improvement in work system and capital
structure;
ImprovementofcooperationwithstrategicpartnersandEPCactivities;
Focusontheapplicationofvalueengineering;
Increaseofmarginthroughcostreductionprogramandbusinessdiversification;
Expandingforeignmarket;
ImprovingITsystemwiththeimplementationoftheEnterpriseResourcesPlanning(ERP)
program.
With the motto of Onward through High Quality Performance, the company is
committedtomoveforwardanddevelopastheleadingIndonesiacompanyinconstruction
industry, engineering, infrastructure investment and realty. Given the advantages,
experiences,andresources,TheCompanyisreadytowelcomeabrighterfuture.Thetotal
numberofemployeesatJune30th,2017was1,641.
August 2017
Disclaimer:

WSKT Waskita Karya (Persero) Tbk. [S]
35 | 32.4T | 0.51% | 68.42%
32 | 12.6T | 0.67% | 64.46%

Established Date : 01-Jan-1961 1. Pemerintah Republik Indonesia 8,963,697,887 : 66.04%
Under Writer IPO :
PT Bahana Securities (affiliated) DIVIDEND ANNOUNCEMENT
PT Danareksa Sekuritas (affiliated) Bonus Cash Recording Payment
F/I
PT Mandiri Sekuritas (affiliated) Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2012 2.11 10-May-13 13-May-13 15-May-13 29-May-13 F
PT Datindo Entrycom 2013 11.46 28-Apr-14 29-Apr-14 02-May-14 19-May-14 F
Wisma Sudirman - Puri Datindo 2014 10.31 04-May-15 05-May-15 07-May-15 28-May-15 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2015 15.44 05-Apr-16 06-Apr-16 08-Apr-16 29-Apr-16 F
Phone : (021) 570-9009 2016 37.87 24-Mar-17 27-Mar-17 30-Mar-17 20-Mar-17 F
Fax : (021) 570-9026
ISSUED HISTORY
BOARD OF COMMISSIONERS Listing Trading
1. Mohamad Hasan No. Type of Listing Shares Date Date
2. Arif Baharudin 1. First Issue 3,082,315,000 19-Dec-12 19-Dec-12
3. Danis Hidayat Sumadilaga 2. Company Listing 6,549,921,000 19-Dec-12 19-Dec-12
4. M. Aqil Irham *) 3. MESOP I 98,027,925 T: 23-May-14 : 22-Jun-17
5. R. Agus Sartono 4. MESOP II 190,116,275 T: 20-May-15 : 07-Jul-17
6. Viktor S. Sirait *) 5. Right Issue 3,653,498,200 08-Jul-15 08-Jul-15
BOARD OF DIRECTORS
1. M. Choliq
2. Adi Wibowo
3. Agus Sugiono
4. Desi Arryani
5. Nyoman Wirya Adnyana
6. Tunggul Rajagukguk
AUDIT COMMITTEE
1. Viktor S. Sirait
2. Hengki Z P Tampubolon
3. R Agus Sartono
4. Tjahjo Winarto
CORPORATE SECRETARY
Y. Ariandi Siregar
HEAD OFFICE
Waskita Building 9th Fl.
Jln. M.T. Haryono Kav. No. 10
Cawang, Jakarta 13340
Phone : (021) 850-8510
Fax : (021) 850-8506
Homepage : www.waskita.co.id
Email : waskita@waskita.co.id

TRADING ACTIVITIES
Waskita Karya (Persero) Tbk. [S] Closing Price Freq. Volume Value
Day
Closing Volume
3,000 400 Jan-13 490 425 470 16,190 795,507 361,316 21
Feb-13 630 460 610 25,036 1,549,717 829,186 20
2,625 350 Mar-13 730 580 720 36,894 1,497,699 977,725 19
Apr-13 800 660 770 28,087 1,190,414 861,257 22
May-13 1,080 770 1,050 38,880 1,506,312 1,351,118 22
2,250 300
Jun-13 1,060 710 770 68,307 2,193,824 1,872,431 19
Jul-13 850 620 790 48,239 1,511,901 1,144,500 23
1,875 250
Aug-13 830 445 550 37,846 1,206,295 744,295 17
Sep-13 680 450 590 50,717 1,781,255 1,024,650 21
1,500 200
Oct-13 650 550 600 31,903 1,227,099 738,953 21
Nov-13 610 440 455 29,709 907,064 452,235 20
1,125 150 Dec-13 485 400 405 27,797 812,597 370,734 19
750 100 Jan-14 580 402 540 45,714 1,361,373 694,196 20

Feb-14 690 535 665 39,580 1,445,390 913,294 20
375 50 Mar-14 820 645 760 48,633 1,772,927 1,326,054 20
Apr-14 800 665 745 44,750 1,653,393 1,230,960 20
May-14 800 705 720 23,385 703,583 533,679 18
Jun-14 720 640 680 25,205 717,438 487,344 21
Jul-14 870 665 810 48,388 1,657,700 1,311,470 18
Aug-14 950 785 905 40,511 1,277,869 1,125,149 20
Sep-14 945 820 835 44,374 1,365,148 1,201,303 22
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 985 800 970 47,946 1,467,392 1,312,756 23
Property, Real Estate and Bulding Construction Index Nov-14 1,060 940 1,045 32,150 864,321 873,185 20
January 2013 - July 2017 Dec-14 1,550 1,040 1,470 60,018 1,285,521 1,619,692 20
595%
Jan-15 1,740 1,355 1,715 70,104 1,483,277 2,224,845 21
510% Feb-15 1,890 1,680 1,815 66,468 1,082,352 1,936,847 19
470.2% Mar-15 1,825 1,630 1,780 59,602 922,085 1,598,474 22
425% Apr-15 1,815 1,550 1,720 32,693 492,663 852,730 18
May-15 1,815 1,505 1,700 28,488 323,352 555,369 19
340% Jun-15 1,745 1,490 1,520 32,477 446,526 722,925 21
Jul-15 1,900 1,515 1,770 52,634 847,192 1,460,006 19
Aug-15 1,845 1,505 1,605 38,175 524,748 874,353 20
255%
Sep-15 1,675 1,525 1,550 32,563 419,021 676,229 21
Oct-15 1,770 1,565 1,630 52,743 914,328 1,523,625 21
170%
Nov-15 1,760 1,605 1,605 46,419 639,780 1,085,373 21
Dec-15 1,690 1,605 1,670 30,077 407,446 673,388 19
85%
34.4%
51.7% Jan-16 1,775 1,615 1,735 56,094 850,420 1,459,308 20
- Feb-16 2,000 1,725 1,930 63,550 848,534 1,598,813 20
Mar-16 2,045 1,880 2,005 46,588 561,814 1,103,782 21
-85% Apr-16 2,395 1,995 2,345 68,067 827,418 1,820,681 21
Jun-16 2,580 2,360 2,550 97,531 1,240,574 3,067,552 22
Jul-16 2,860 2,490 2,770 68,115 871,744 2,372,370 16
Days 244 242 241 246 135 Dec-16 2,650 2,290 2,550 35,516 363,350 912,572 20
Price (Rupiah) Jan-17 2,680 2,500 2,560 31,508 318,343 826,513 21

High 1,080 1,550 1,900 2,860 2,680 Feb-17 2,650 2,430 2,480 33,660 350,423 890,325 19
Low 400 402 1,355 1,615 2,180 Mar-17 2,500 2,320 2,370 48,847 446,818 1,071,230 22
Close 405 1,470 1,670 2,550 2,390 Apr-17 2,440 2,230 2,390 33,377 274,924 648,930 17
Close* 395 1,433 1,670 2,550 2,390 May-17 2,450 2,210 2,380 45,580 356,209 836,541 20
Jun-17 2,380 2,210 2,320 27,392 185,512 429,405 15
PER (X) 10.60 84.55 21.63 27.78 19.78 Jul-17 2,400 2,180 2,390 42,796 366,798 831,192 21
PER Industry (X) 9.57 16.29 13.36 24.89 14.46
PBV (X) 1.64 5.90 2.34 2.14 1.59

Receivables 2,342,084 2,990,509 5,512,986 8,622,125 15,461,094

70,000
Inventories 292,227 604,279 826,384 2,556,732 2,552,787

52,500
Investment 70,168 659,691 972,699 2,619,105 2,883,481
Fixed Assets 415,440 621,792 1,923,144 3,275,335 3,801,603
35,000
Other Assets 21,180 33,023 236,767 98,338 245,267
Total Assets 8,788,303 12,542,041 30,309,111 61,425,182 75,901,666
17,500
Growth (%) 42.71% 141.66% 102.66% 23.57%
-
Growth (%) 51.34% 112.57% 116.71% 23.24%
Paid up Capital 963,224 966,634 1,357,249 1,357,328 1,357,371 16,773

16,614
Par Value 100 100 100 100 100

563,911 954,024 1,933,161 3,334,162 4,096,655 9,704
12,356
Retained Earnings
Total Equity 2,383,437 2,848,830 9,704,207 16,773,219 20,871,515 8,098
Growth (%) 19.53% 240.64% 72.84% 24.43%

3,840 2,383 2,849

Total Revenues 9,686,610 10,286,813 14,152,753 23,788,323 15,548,068
-417
2013 2014 2015 2016 Jun-17

Growth (%) 6.20% 37.58% 68.08%
Cost of Revenues 8,775,914 9,177,917 12,231,515 19,820,484 12,858,396

Gross Profit 1,012,371 1,306,012 1,932,837 3,967,838 2,689,672
Operating Profit 706,898 939,383 1,739,500 3,145,782 2,443,080

23,788
Growth (%) 32.89% 85.17% 80.84% 18,936
15,548
14,153
10,287
Income before Tax 611,201 755,602 1,398,004 2,155,589 1,589,109 9,687
Tax 243,230 254,389 350,413 342,520 162,927 9,230
Profit for the period 367,970 501,213 1,047,591 1,813,069 1,426,182

Growth (%) 36.21% 109.01% 73.07%
4,377
-476
Period Attributable 368,060 501,531 1,047,738 1,713,261 1,281,933 2013 2014 2015 2016 Jun-17
Comprehensive Income 366,629 497,058 1,483,266 1,809,183 1,421,259
Comprehensive Attributable 366,719 497,375 1,483,414 1,709,375 1,277,010
Dividend (Rp) 11.46 10.31 15.44 37.87 - 1,813
EPS (Rp) 38.20 51.85 77.18 133.58 105.07 1,426

BV (Rp) 247.44 294.72 714.99 1,235.75 1,537.64 1,443
DAR (X) 0.73 0.77 0.68 0.73 0.73 1,048

DER(X) 2.69 3.40 2.12 2.66 2.64
1,073
ROA (%) 4.19 4.00 3.46 2.95 1.88

501
703
ROE (%) 15.44 17.59 10.80 10.81 6.83 368

GPM (%) 10.45 12.70 13.66 16.68 17.30 334
OPM (%) 7.30 9.13 12.29 13.22 15.71

NPM (%) 3.80 4.87 7.40 7.62 9.17
-36
2013 2014 2015 2016 Jun-17

Payout Ratio (%) 30.01 19.89 20.00 28.35 -
Yield (%) 0.49 0.44 0.67 1.63 -

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IDX LQ45

Jakarta Composite Index =

10. Debt to Equity Ratio (DER)

11. Return on Assets (ROA)

12. Return on Equity (ROE)

13. Gross Profit Margin (GPM)

18. [S] Sharia Compliant Stock

20. Comprehensive Attribute : Comprehensive Income attributable to owners entity

Jakarta, August 2017

Research and Development Division

2017 Indonesia Stock Exchange. All rights reserved.

No. Code Stock Name Page

ASTRA AGRO LESTARI TBK.

In addition to strengthening its position at the upstream sector by managing an area of

2 RESEARCH AND DEVELOPMENT DIVISION

56 | 7.54T | 0.40% | 76.96%

COMPANY HISTORY SHAREHOLDERS (June 2017)

RESEARCH AND DEVELOPMENT DIVISION 3

7,500 10.0 Jan-14 25,800 20,650 21,475 44,874 40,059 875,810 20

Jan-16 17,450 15,600 17,075 35,425 32,255 535,544 20

Price (Rupiah) Jan-17 17,200 15,725 15,775 23,077 33,707 551,720 21

4 RESEARCH AND DEVELOPMENT DIVISION

Receivables 20,554 47,451 88,026 579,126 620,397

Current Liabilities 3,759,265 4,110,955 3,522,133 3,942,967 4,069,147 -

Paid up Capital (Shares) 1,575 1,575 1,575 1,925 1,925

INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17 3,293

Total Revenues 12,674,999 16,305,831 13,059,216 14,121,374 8,546,154

2013 2014 2015 2016 Jun-17

Cost of Revenues 8,592,003 11,352,975 9,977,118 10,445,360 6,484,481

Other Income (Expenses) - - - - -

Tax 694,729 1,059,765 479,829 94,479 402,683

Growth (%) 37.72% -73.47% 203.92%

Period Attributable 1,802,193 2,504,467 619,107 2,006,973 1,043,583 -326

EPS (Rp) 1,144.43 1,590.40 393.15 1,042.75 542.21 2,114

DAR (X) 0.31 0.36 0.46 0.27 0.27

ROE (%) 18.55 22.16 5.95 12.02 6.10

2013 2014 2015 2016 Jun-17

RESEARCH AND DEVELOPMENT DIVISION 5

6 RESEARCH AND DEVELOPMENT DIVISION

39 | 10.6T | 0.56% | 68.76%

COMPANY HISTORY SHAREHOLDERS (June 2017)

RESEARCH AND DEVELOPMENT DIVISION 7

850 60 Jan-14 1,850 1,425 1,780 34,825 523,862 885,065 20

Jan-16 2,580 2,070 2,550 70,823 856,813 2,027,511 20

Price (Rupiah) Jan-17 2,260 2,030 2,100 38,049 371,611 802,129 21

8 RESEARCH AND DEVELOPMENT DIVISION

Receivables 2,705,085 3,214,051 3,311,392 1,596,824 4,197,701

Inventories 161,560 132,014 162,651 131,016 2,301,844

Paid up Capital 180,132 180,132 356,085 356,085 356,085

Par Value 100 100 100 100 100

Retained Earnings 1,307,301 1,509,579 1,789,885 1,997,137 2,061,723

Growth (%) 13.11% 194.72% 5.44% 0.58%

INCOME STATEMENTS Dec-13 Dec-14 Dec-15 Dec-16 Jun-17

2013 2014 2015 2016 Jun-17

Cost of Revenues 8,606,444 7,655,377 8,414,926 9,948,797 4,586,030

- 724,884 611,230 728,591 428,658 9,800

Operating Profit 9,390

Other Income (Expenses) -108,337 -125,327 134,861 -115,969 -143,656

Income before Tax 714,365 599,557 746,091 612,622 285,002

Profit for the period 408,438 331,661 465,026 315,108 131,532

DAR (X) 0.84 0.83 0.69 0.73 0.76

ROE (%) 26.38 18.94 9.01 5.79 2.40

OPM (%) - 8.38 6.51 6.59 8.27