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,2016,theGrouphad28,687employees.

August 2016
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.

ICBP Indofood CBP Sukses Makmur Tbk. [S]

COMPANY REPORT : JULY 2016

As of 29 July 2016

Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Food And Beverages (51)

318.814
Individual Index
:
Listed Shares
11,661,908,000
:
Market Capitalization : 100,292,408,800,000

9 | 100.3T | 1.79% | 46.37%

33 | 10.2T | 0.74% | 69.44%

COMPANY HISTORY
Established Date
: 02-Sep-2009
Listing Date
: 07-Oct-2010
Under Writer IPO :
PT Kim Eng Securities
PT Credit Suisse Securities Indonesia
PT Deutsche Securities Indonesia
PT Mandiri Sekuritas
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930
Phone : (021) 252-5666
Fax
: (021) 252-5028
BOARD OF COMMISSIONERS
1. Franciscus Welirang
2. A. Prijohandojo Kristanto *)
3. Alamsyah
4. Florentinus Gregorius Winarno *)
5. Hans Kartikahadi *)
6. Moleonoto (Paulus Moleonoto)
*) Independent Commissioners
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
Email

: www.indofoodcbp.com
: gideon.putro@icbp.indofood.co.id

SHAREHOLDERS (July 2016)

1. PT Indofood Sukses Makmur
2. Public (<5%)

9,329,526,000 :
2,332,382,000 :

DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2010
2011
2013
2014
2015

Shares

Dividend
116.00
169.00
190.00
222.00
256.00

Cum Date
21-Jun-11
13-Jul-12
10-Jul-14
18-May-15
10-Jun-16

Ex Date
22-Jun-11
16-Jul-12
11-Jul-14
19-May-15
13-Jun-16

Recording
Date
24-Jun-11
18-Jul-12
15-Jul-14
21-May-15
15-Jun-16

80.00%
20.00%

Payment
Date
07-Jul-11
31-Jul-12
05-Aug-14
09-Jun-15
24-Jun-16

F/I
F
F
F
F
F

ISSUED HISTORY
No.
1.
2.
3.

Type of Listing
First Issue
Company Listing
Stock Split

Shares
1,166,191,000
4,664,763,000
5,830,954,000

Listing
Date
07-Oct-10
07-Oct-10
27-Jul-16

Trading
Date
07-Oct-10
07-Apr-11
27-Jul-16

ICBP Indofood CBP Sukses Makmur Tbk. [S]

Closing
Price*

TRADING ACTIVITIES
Volume
(Mill. Sh)

10,000

64.0

8,750

56.0

7,500

48.0

6,250

40.0

5,000

32.0

3,750

24.0

2,500

16.0

1,250

8.0

Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Closing Price*, Jakarta Composite Index (IHSG) and

Consumer Goods Industry Index
January 2012 - July 2016
245%
224.5%

210%
175%
140%
105%
70%

76.7%

35%

33.5%

-35%

Jan 12

Jan 13

Jan 14

Jan 15

Jan 16

SHARES TRADED

2012

2013

2014

2015

Jul-16

Volume (Million Sh.)

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

990
6,084
73
246

1,082
11,297
217
244

899
9,593
331
242

735
9,796
389
244

450
6,885
275
140

Price (Rupiah)
High
Low
Close
Close*

8,300
4,975
7,800
3,900

13,400
7,600
10,200
5,100

13,400
9,800
13,100
6,550

16,050
10,900
13,475
6,738

18,025
8,600
8,600
8,600

26.73
15.98
4.48

27.67
24.22
5.26

26.18
17.71
4.79

30.16
17.58
6.56

19.88
PER (X)
19.75
PER Industry (X)
3.79
PBV (X)
* Adjusted price after corporate action

Closing Price
Low
4,975
5,050
5,150
5,000
5,400
5,400
5,700
6,400
6,150
6,300
6,900
7,300

Freq.

Volume

Value

Close
5,100
5,650
5,450
5,650
5,650
5,750
6,600
6,550
6,350
7,150
7,400
7,800

(X)
4,570
5,499
6,691
5,021
4,606
3,477
8,760
5,188
7,021
9,940
5,982
6,712

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

8,700 7,600 8,000

8,650 7,900 8,500
9,900 8,200 9,600
11,700 9,500 11,450
13,400 11,500 13,100
13,000 9,850 12,200
12,500 10,350 11,200
11,650 8,700 10,000
12,200 8,900 10,250
11,500 10,200 11,200
11,300 9,750 10,000
10,300 9,550 10,200

8,421
7,470
13,589
23,016
35,135
26,910
20,502
15,325
19,020
15,121
19,144
12,888

69,143
78,410
108,935
106,833
183,672
111,166
81,983
68,204
91,623
73,454
71,526
36,835

552,825
638,909
974,749
1,118,431
2,300,353
1,270,060
913,934
680,778
932,990
805,810
740,344
368,146

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

Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14

11,700
11,350
11,300
10,275
10,400
10,275
10,575
10,650
11,400
11,575
11,450
13,400

9,900
10,450
9,950
9,800
9,925
9,875
9,950
10,100
10,500
10,500
10,800
11,150

11,000
11,175
10,100
10,000
10,200
10,000
10,450
10,500
11,350
11,050
11,250
13,100

31,608
33,839
40,130
31,126
22,065
21,362
21,883
27,066
25,934
33,698
18,187
24,568

68,488
78,008
124,778
113,027
55,236
46,268
78,643
74,737
57,043
77,025
56,536
69,230

734,990
852,458
1,318,297
1,131,541
557,582
465,777
812,824
781,831
629,638
858,355
624,570
825,565

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

Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15

16,050
14,650
15,500
14,700
14,225
14,200
13,050
13,000
13,175
13,800
13,500
13,600

12,450
13,900
14,025
12,300
13,300
12,050
11,800
11,550
10,900
12,050
11,925
11,325

14,500
14,300
14,675
13,200
14,100
12,475
12,300
12,750
12,400
13,200
12,625
13,475

33,591
28,064
38,018
31,277
34,554
31,709
33,854
32,387
28,987
37,513
32,730
26,651

90,954
53,007
88,680
95,059
63,037
37,052
44,360
69,230
42,367
65,176
48,234
37,590

1,243,010
751,753
1,289,971
1,306,487
855,040
483,342
545,752
863,442
523,143
848,257
616,032
470,086

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

Jan-16
Feb-16
Mar-16
Apr-16
May-16
Jun-16
Jul-16

14,900
16,600
16,150
15,600
16,500
17,700
18,025

12,850
14,200
14,975
14,125
15,125
15,800
8,600

14,450
15,750
15,200
15,275
16,200
17,225
8,600

37,740
50,673
42,757
37,415
33,163
33,168
40,394

60,286
94,923
75,626
56,794
55,538
50,653
56,169

851,215
1,447,933
1,171,017
850,608
873,493
849,521
841,159

20
20
21
21
20
22
16

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

High
5,350
5,650
5,700
5,650
5,900
5,850
6,850
6,850
6,650
7,750
7,550
8,300

Day

Closing Price* and Trading Volume

Indofood CBP Sukses Makmur Tbk. [S]
January 2012 - July 2016

(Thou. Sh.) (Million Rp)

86,150
439,212
86,833
470,009
70,684
380,098
89,511
468,937
82,359
472,137
49,711
282,356
144,591
897,445
58,263
385,634
67,678
431,645
111,373
787,349
74,371
536,371
532,860
68,335

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

ICBP Indofood CBP Sukses Makmur Tbk. [S]

Financial Data and Ratios

Book End : December

Public Accountant : Purwantono, Sungkoro & Surja (Member of Ernst & Young Global Limited)
Dec-12

Dec-13

Dec-14

Dec-15

Jun-16

Cash & Cash Equivalents

5,484,318

5,526,173

7,342,986

7,657,510

6,997,652

Receivables

2,328,181

2,549,415

2,902,202

3,363,697

5,002,247

Inventories

1,812,887

2,868,722

2,821,618

2,546,835

2,667,168

Current Assets

9,888,440 11,321,715 13,603,527 13,961,500 15,076,840

Fixed Assets

3,839,756

4,844,407

5,838,843

6,555,660

6,838,689

888,529

213,907

222,280

167,789

BALANCE SHEET

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

(Million Rp except Par Value)

Other Assets
Total Assets

Assets

17,753,480 21,267,470 24,910,211 26,560,624 27,903,491

19.79%

Growth (%)

17,250
11,500

6.63%

5.06%

5,750
-

3,579,487

4,696,583

6,230,997

6,002,344

6,884,354

Long Term Liabilities

2,187,195

3,305,156

3,639,267

4,171,369

4,123,652

Total Liabilities

5,766,682

8,001,739

9,870,264 10,173,713 11,008,006

Growth (%)

23,000

17.13%

Current Liabilities

38.76%

23.35%

3.07%

8.20%

Liabilities

28,750

2012

2013

2014

2015

Jun-16

TOTAL EQUITY (Bill. Rp)

Authorized Capital

750,000

750,000

750,000

750,000

750,000

Paid up Capital

583,095

583,095

583,095

583,095

583,095

5,831

5,831

5,831

5,831

5,831

100

100

100

100

100

4,837,947

5,978,662

7,475,019

8,850,067

9,328,181

Paid up Capital (Shares)

Par Value
Retained Earnings
Total Equity

11,986,798 13,265,731 15,039,947 16,386,911 16,895,485

Growth (%)
INCOME STATEMENTS
Total Revenues

Dec-12

13.37%

8.96%

3.10%

Dec-13

Dec-14

Dec-15

Jun-16

13,449

16.31%

19.64%

5.72%

6,425,691

8,059,854

9,619,137

5,759,884

2,936,549

3,653,767

4,931,161

5,627,005

3,022,600

Operating Profit

2,842,060

2,771,924

3,128,693

3,992,132

2,737,284

-2.47%

12.87%

27.60%

Growth (%)

3,109

2013

2014

TOTAL REVENUES (Bill. Rp)

31,741

25,095

185,130

195,066

260,032

17,502

-13,544

3,027,190

2,966,990

3,388,725

4,009,634

2,723,740

744,819

733,699

857,044

1,086,486

675,389

2,282,371

2,235,040

2,531,681

2,923,148

2,048,351

-2.07%

13.27%

15.46%

Growth (%)

30,022

31,741

25,266

Profit for the period

Jun-16

6,555

15,796,183 18,668,990 21,962,609 22,121,957 12,415,221

5,778,609

Tax

2015

13,266

10,002

2012

Expenses (Income)

Income before Tax

16,895

-338

Gross Profit

Other Income (Expenses)

11,987

16,387

21,574,792 25,094,681 30,022,463 31,741,094 18,175,105

Growth (%)
Cost of Revenues

10.67%

15,040

16,895

21,575
18,175

18,791

12,316

5,840

Period Attributable

2,179,592

2,225,272

2,604,239

3,000,713

1,979,267

Comprehensive Income

2,287,242

2,286,639

2,522,328

3,025,095

2,029,878

Comprehensive Attributable

2,183,205

2,260,929

2,598,808

3,093,809

1,959,319

Dec-12

Dec-13

Dec-14

Dec-15

Jun-16

276.25

241.06

218.32

232.60

219.00

190.00

222.00

256.00

RATIOS
Current Ratio (%)
Dividend (Rp)

373.80

381.63

446.62

514.62

339.44

BV (Rp)

2,055.72

2,275.05

2,579.33

2,810.33

2,897.55

DAR (X)

0.32

0.38

0.40

0.38

0.39

DER(X)

0.48

0.60

0.66

0.62

0.65

ROA (%)

12.86

10.51

10.16

11.01

7.34

ROE (%)

19.04

16.85

16.83

17.84

12.12

GPM (%)

26.78

25.61

26.85

30.30

31.69

OPM (%)

13.17

11.05

10.42

12.58

15.06

NPM (%)

10.58

8.91

8.43

9.21

11.27

Payout Ratio (%)

49.79

49.71

49.75

Yield (%)

1.86

1.69

1.90

EPS (Rp)

-635

2012

2013

2014

2015

Jun-16

PROFIT FOR THE PERIOD (Bill. Rp)

2,923
2,923

2,532

2,282

2,235

2012

2013

2,048

2,327

1,731

1,134

538

-58

2014

2015

Jun-16