ASRI Alam Sutera Realty Tbk.

[S]
COMPANY REPORT : FEBRUARY 2013
Main Board
Industry Sector : Property, Real Estate And Building Construction (6)
Industry Sub Sector : Property And Real Estate (61)

As of 28 February 2013
:
885.714
Individual Index
19,649,411,888
:
Listed Shares
Market Capitalization : 18,273,953,055,840

53 | 15.1T | 0.35% | 77.04%

17 | 15.4T | 1.38% | 49.30%

COMPANY HISTORY
Established Date : 03-Nov-1993
Listing Date
: 18-Dec-2007
Under Writer IPO :
PT Ciptadana Securities
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : 252-5666
Fax
: 252-5028
BOARD OF COMMISSIONERS
1. Marzuki Usman
2. Harjanto Tirtohadiguno
3. Kristianto Sudiono
4. Pingki Elka Pangestu *)
5. Prasasto Sudyatmiko *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Tri Ramadi
2. Andrew Charles Walker
3. Joseph Sanusi Tjong
4. Lilia Setiprawarti Sukotjo
5. Soelaeman Soemawinata
AUDIT COMMITTEE
1. Prasasto Sudyatmiko
2. Agus R. Panjaitan
3. Satino
CORPORATE SECRETARY
Hendra Kurniawan
HEAD OFFICE
Wisma Argo Manunggal Lt. 18
Jln. Jend. Gatot Subroto Kav. 22
Jakarta - 12930
Phone : (021) 531-40628, 252-3838
Fax
: (021) 252-5050
Homepage
Email

: www.alam-sutera.com
: corsec@alam-sutera.com
nathan@alam-sutera.com

SHAREHOLDERS (February 2013)

1. PT Manunggal Prime Development
2. Tangerang Fajar Industrial Estate
3. UBS AG London A/C Delta 1-2140724002
4. PT Tangerang Fajar Industrial Estate
5. Public (<5%)
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year Shares Dividend Cum Date
2008
0.69
03-Jul-09
2009
1.05
20-Jul-10
2010
4.03
01-Jul-11
2011
6.13
05-Jul-12

Ex Date
06-Jul-09
21-Jul-10
04-Jul-11
06-Jul-12

3,670,931,000
2,982,450,000
2,301,473,500
1,971,650,000
8,722,907,388

Recording
Date
09-Jul-09
23-Jul-10
06-Jul-11
10-Jul-12

:
:
:
:
:

18.68%
15.18%
11.71%
10.03%
44.39%

Payment
Date
24-Jul-09
06-Aug-10
20-Jul-11
24-Jul-12

F/I
F
F
F
F

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.

Type of Listing
First Issue
Company Listing
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant
Warrant

Shares
3,142,000,000
13,986,810,000
4,974,500
40,050,000
1,000,000
18,500,000
20,000,000
250,000
3,325,000
55,000,000
45,500,000
27,500,000
63,108,500
15,000,000
60,000,000
27,500,000
388
27,500,000
277,976,000
15,000,000
1,695,000
30,412,500
Additional Listing without Right Issue 1,786,310,000

Listing
Date
18-Dec-07
18-Dec-07
11-Jun-09
18-Jun-09
19-Jun-09
22-Jun-09
28-Jul-09
12-Oct-09
14-Oct-09
23-Oct-09
27-Oct-09
28-Oct-09
29-Oct-09
03-Nov-09
24-Nov-09
26-Nov-09
03-Dec-09
10-Dec-09
14-Dec-09
15-Dec-09
21-Dec-09
28-Dec-09
25-Jan-12

Trading
Date
18-Dec-07
18-Aug-08
11-Jun-09
18-Jun-09
19-Jun-09
22-Jun-09
28-Jul-09
12-Oct-09
14-Oct-09
23-Oct-09
27-Oct-09
28-Oct-09
29-Oct-09
03-Nov-09
24-Nov-09
26-Nov-09
03-Dec-09
10-Dec-09
14-Dec-09
15-Dec-09
21-Dec-09
28-Dec-09
25-Jan-12

ASRI Alam Sutera Realty Tbk. [S]

Closing
Price*

Closing Price
Volume
(Mill. Sh)

1,000

7,200

875

6,300

750

5,400

625

4,500

500

3,600

375

2,700

250

1,800

125

900

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Closing Price*, Jakarta Composite Index (IHSG) and

Property, Real Estate and Bulding Construction Index
January 2009 - February 2013
1,820%

1,300%
1,040%
780%
520%
298.5%
233.7%

260%
-260%

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

Volume (Million Sh.)

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

11,928
1,352
128
219

40,925
7,809
261
245

20,150
7,571
244
247

29,410
15,370
297
246

4,262
4,024
55
41

158
50
105
105

320
103
295
295

500
225
460
460

650
410
600
600

970
600
930
930

19.95
18.14
PER (X)
18.12
9.97
PER Industry (X)
0.97
2.39
PBV (X)
* Adjusted price after corporate action

13.63
11.09
2.95

11.78
17.34
2.82

18.26
19.09
4.38

Price (Rupiah)
High
Low
Close
Close*

Volume
Value
Freq.
(X) (Thou. Sh.) (Million Rp)

Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09

High
54
50
53
83
130
158
119
123
117
137
113
114

Low
50
50
50
50
70
101
100
111
106
98
101
100

Close
50
50
50
72
114
109
114
112
114
109
103
105

1,793
30
990
5,821
14,707
30,397
12,476
9,971
7,249
23,738
9,041
11,803

48,056
1,888
51,904
252,724
1,139,599
2,641,694
803,262
876,875
436,225
3,482,747
811,569
1,381,676

2,441
84
2,533
15,934
128,510
332,460
90,137
102,849
49,372
394,360
86,769
146,990

11
10
16
20
20
22
21
20
18
22
20
19

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

118
141
171
225
225
195
220
210
210
290
320
310

103
108
132
164
132
162
178
177
180
200
265
275

109
136
164
215
170
183
205
178
205
265
280
295

10,132
23,405
18,621
36,473
34,855
17,755
16,716
18,700
25,103
27,171
19,783
12,442

1,684,788
4,589,029
3,365,306
5,312,287
9,896,529
2,199,381
2,882,832
1,740,934
2,333,177
3,606,905
2,309,919
1,004,337

184,241
592,735
497,356
1,058,509
1,842,298
391,028
575,462
336,021
455,386
906,899
673,270
295,880

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

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

310
255
290
305
325
345
450
450
440
500
470
480

230
225
240
265
280
305
315
360
340
340
395
430

245
245
285
295
310
325
420
420
385
435
425
460

19,196
9,005
12,373
10,749
12,896
12,324
21,840
24,237
25,423
45,657
31,786
18,406

1,651,106
590,906
937,975
1,006,591
1,311,172
1,143,722
2,374,352
2,168,218
2,016,360
3,459,789
2,106,554
1,383,018

445,752
142,983
249,543
287,673
398,549
370,811
899,084
894,522
811,334
1,508,461
934,363
628,154

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

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

520
610
630
650
620
570
520
495
520
580
620
640

455
480
560
560
510
455
455
430
410
470
550
550

485
570
620
600
540
490
460
440
495
580
610
600

24,608
26,234
22,571
28,484
22,850
27,226
27,925
28,541
30,974
26,538
15,187
15,745

3,163,247
3,013,912
2,116,918
1,831,503
1,453,973
4,923,539
1,557,100
1,985,545
2,734,556
2,210,093
2,653,169
1,766,756

1,462,365
1,651,814
1,272,835
1,099,178
832,432
2,336,855
754,451
910,746
1,274,455
1,173,362
1,535,319
1,065,978

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

Jan-13
Feb-13

810
970

600
750

770
930

28,260
26,881

2,758,752
1,503,613

2,724,524
1,299,168

21
20

1760.0%

1,560%

Jan 09

Month

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Alam Sutera Realty Tbk. [S]
January 2009 - February 2013

2012 Feb-13

ASRI Alam Sutera Realty Tbk. [S]

Financial Data and Ratios
Public Accountant : Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan (Member of PKF International Ltd)
BALANCE SHEET
(Million Rp except Par Value)

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

Cash & Cash Equivalents

315,989

430,593

732,357

844,906

1,641,316

Receivable

14,812

25,512

14,693

21,596

29,721

Inventories

1,532,866

1,841,950

2,186,131

2,395,213

1,661,094

Investment

7,249

28,827

57,476

Fixed Assets

34,673

50,900

148,063

341,514

708,121

Other Assets

688

72,449

322,433

806,319

11,619

Total Assets

3,056,537

3,559,965

4,587,986

16.47%

28.88%

30.94%

82.21%

Book End : December

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

Liabilities

11,250
9,000

Growth (%)

6,007,548 10,946,417

6,750
4,500
2,250
-

Trade Payable

52,519

19,063

26,212

35,519

35,257

Total Liabilities

1,294,146

1,624,837

2,371,566

3,220,676

6,214,543

25.55%

45.96%

35.80%

92.96%

7,548

7,705

8,116

Authorized Capital

2,400,000

2,400,000

24,000

2,400,000

2,400,000

Paid up Capital

1,712,881

1,786,310

1,786,310

1,786,310

1,964,941

17,129

17,863

17,863

17,863

19,649

Growth (%)

2008

2009

2010

2011

2012

TOTAL EQUITY (Billion Rupiah)

Minority Interest

Paid up Capital (Shares)

Par Value

100

100

100

100

100

75,583

167,392

448,273

977,938

2,050,204

1,754,843

1,927,423

2,208,305

2,786,872

4,731,875

9.83%

14.57%

26.20%

69.79%

4,732
4,732

3,767

2,787
2,801

Retained Earnings
Total Equity

Growth (%)

1,755

1,927

2,208

1,836

871

INCOME STATEMENTS

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

Total Revenues

435,325

403,627

765,213

1,381,046

2,446,414

-7.28%

89.58%

80.48%

77.14%

566,656

979,517

Growth (%)
Expenses

324,158

241,599

349,046

Gross Profit

111,167

162,029

416,167

814,391

1,466,897

Operating Expenses

55,883

51,388

73,088

120,770

212,884

Operating Profit

55,284

-95

2008

2009

2010

2011

2012

TOTAL REVENUES (Billion Rupiah)

2,446
2,446

Growth (%)

110,641

343,079

693,620

1,254,013

100.13%

210.08%

102.18%

80.79%

1,947

1,381
1,448

Other Income (Expenses)

24,202

7,170

-12,897

-22,477

90,182

Income before Tax

79,486

117,811

330,182

671,143

1,344,195

Tax

20,591

23,634

39,287

68,407

128,103

-80

-157

-411

765

949

435

404

2008

2009

450

Minority Interest
Net Income

58,815

Growth (%)

94,021

290,484

602,737

1,216,092

59.86%

208.96%

107.49%

101.76%

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

Dividend (Rp)

0.69

1.05

4.03

6.13

EPS (Rp)

3.43

5.26

16.26

33.74

61.89

BV (Rp)

102.45

107.90

123.62

156.01

240.82

DAR (X)

0.42

0.46

0.52

0.54

0.57

DER(X)

0.74

0.84

1.07

1.16

1.31

ROA (%)

2.60

3.31

7.20

11.17

12.28

ROE (%)

4.53

6.11

14.95

24.08

28.41

GPM (%)

25.54

40.14

54.39

58.97

59.96

OPM (%)

12.70

27.41

44.83

50.22

51.26

NPM (%)

13.51

23.29

37.96

43.64

49.71

Payout Ratio (%)

20.10

19.95

24.78

18.17

1.38

1.00

1.37

1.33

RATIOS

-49

2010

2012

NET INCOME (Billion Rupiah)

1,216
1,216

968

603

720

Yield (%)

2011

472

290
59

94

2008

2009

224

-24

2010

2011

2012