PT Nippon Indosari Corpindo Tbk.

Food and Beverages

Head Office Kawasan Industri Jababeka Summary of Financial Statement

Jl. Jababeka XII A, Blok W No. 40-41
Cikarang, Bekasi 17530 (Million Rupiah)
Phone (021) 893-5088 2012 2013 2014
Fax (021) 893-5286, 893-5473 Total Assets 1,204,945 1,822,689 2,142,894
Business Food Manufacturer (Breads and Bakery) Current Assets 219,818 363,881 420,316
Company Status PMDN of which
Cash and cash equivalents 37,872 101,142 162,584
Brief History: PT Nippon Indosari Corpindo Tbk was Trade receivables 136,203 182,689 213,306
founded in 1995 and has been a part of peoples lives in Indo- Inventories 22,599 36,533 40,796
Non-Current Assets 985,127 1,458,808 1,722,578
nesia providing high quality breads as a vital source of nutrition
of which
and energy for breakfast and wholesome variety bread prod- Fixed Assets-Net 893,898 1,175,251 1,679,982
ucts for the past 19 years. Deffered Tax Assets-Net n.a n.a n.a
As the dominant bread manufacturer in Indonesia whose Investments n.a n.a n.a
products are made using top Japanese baking methods, its Sari Other Assets 76,635 261,451 15,493
Roti name has become a well-known brand Indonesian consum- Liabilities 538,337 1,035,351 1,182,772
ers have come to trust. Current Liabilities 195,456 320,197 307,609
Our consistent performance and the quality of our earn- of which
ings has enabled us to be included as a member of the MSCI Bank loans 6,073 n.a n.a
Trade payables 79,033 159,315 125,605
small cap index since 2012, just two years after our shares were
Taxes payable 6,775 5,303 6,271
listed on the Indonesia Stock Exchange in June 2010. Current maturities of
PT Nippon Indosari Corpindo Tbk. laid a strong founda- long-term debt n.a n.a 47,647
tion in 2013 by building two new double capacity plants in Pur- Non-Current Liabilities 342,882 715,154 875,163
wakarta and Cikande. The Company enhanced its distribution Shareholders' Equity 666,608 787,338 960,122
system using state of the art technology. The Company also Paid-up capital 101,236 101,236 101,236
optimized its collaboration with Pasco Shikishima Corporation Paid-up capital
(previously named Shikishima Baking Co., Ltd.) in new product in excess of par value 173,001 173,001 173,001
development, product quality and human resource develop- Retained earnings 392,370 513,100 685,885
ment. Net Sales 1,190,826 1,505,520 1,880,263
Cost of Goods Sold 634,413 806,918 978,850
Gross Profit 556,413 698,602 901,412
Operating Expenses 357,010 466,211 602,784
Operating Profit 199,403 232,391 298,629
Other Income (Expenses) 390 (21,586) (45,866)
Profit (Loss) before Taxes 199,793 210,805 252,763
Comprehensive Profit (Loss) 149,150 158,015 188,578

Per Share Data (Rp)

Earnings per Share 147 31 37
Equity per Share 658 778 948
Dividend per Share 37 3 n.a
Closing Price 6,900 1,020 1,385

Financial Ratios
PER (x) 46.83 32.67 37.18
PBV (x) 10.48 1.31 1.46
Dividend Payout (%) 25.00 9.99 n.a
Dividend Yield (%) 0.53 0.31 n.a

Current Ratio (x) 1.12 1.14 1.37

Debt to Equity (x) 0.81 1.32 1.23
Leverage Ratio (x) 0.45 0.57 0.55
Gross Profit Margin (x) 0.47 0.46 0.48
Operating Profit Margin (x) 0.17 0.15 0.16
Net Profit Margin (x) 0.13 0.10 0.10
Inventory Turnover (x) 28.07 22.09 23.99
Shareholders Total Assets Turnover (x) 0.99 0.83 0.88
PT Indoritel Makmur Internasional Tbk 31.50% ROI (%) 12.38 8.67 8.80
Bonlight Investments Limited (BIL) 26.50% ROE (%) 22.37 20.07 19.64
Pasco Shikishima Corporation (Pasco) 8.50% PER = 22,25x ; PBV = 5,81x (March 2015)
Sojitz Corporation. Japan (Sojitz) 4.25% Financial Year: December 31
Public 29.25% Public Accountant: Purwantono, Suherman & Surja

184 Indonesian Capital Market Directory 2015

PT Nippon Indosari Corpindo Tbk. Food and Beverages

Board of Commissioners Board of Directors

President Commissioner Benny Setiawan Santoso President Director Wendy Sui Cheng Yap
Commissioners Tan Hang Huat, Gidion Slamet Oetomo Directors Indrayana, Kaneyoshi Morita,
Takao Okabe, Yenni Husodo, Chin Yuen Loke

Number of Employees 1,665

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares

1 First Issue 28-Jun-10 28-Jun-10 151,854,000 151,854,000

2 Company Listing 28-Jun-10 28-Jun-10 860,506,000 1,012,360,000
3 Stock Split 29-Nov-13 29-Nov-13 4,049,440,000 5,061,800,000

Underwriter
PT OSK Nusadana Securities Indonesia

Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Stock Price Shares Traded Trading Listed Market
Month High Low Close Volume Value Frequency Day Shares Capitalization
(Rp) (Rp) (Rp) (Thousand Shares) (Rp Million) (Rp Million)
January-14 1,110 980 1,055 27,427.00 28,723.00 5,877 20 5,061,800,000 5,340,199.00
February-14 1,220 1,000 1,150 121,851.00 140,391.00 12,233 20 5,061,800,000 5,821,070.00
March-14 1,225 1,030 1,105 70,571.00 79,342.00 11,142 20 5,061,800,000 5,593,289.00
April-14 1,180 1,035 1,090 69,778.00 77,591.00 10,335 20 5,061,800,000 5,517,362.00
May-14 1,270 1,070 1,270 74,228.00 87,038.00 8,417 18 5,061,800,000 6,428,486.00
June-14 1,455 1,210 1,430 88,794.00 118,926.00 9,055 21 5,061,800,000 7,238,374.00
July-14 1,480 1,255 1,310 53,247.00 72,565.00 7,859 18 5,061,800,000 6,630,958.00
August-14 1,310 1,180 1,215 147,012.00 179,998.00 14,115 20 5,061,800,000 6,150,087.00
September-14 1,245 1,080 1,140 110,022.00 131,290.00 10,403 22 5,061,800,000 5,770,452.00
October-14 1,245 1,045 1,240 75,971.00 87,397.00 11,644 23 5,061,800,000 3,276,632.00
November-14 1,250 1,155 1,210 174,210.00 20,345.00 6,921 20 5,061,800,000 6,124,778.00
December-14 1,455 1,225 1,385 159,503.00 215,252.00 13,937 20 5,061,800,000 7,010,593.00
January-15 1,420 1,275 1,375 56,895.00 75,859.00 8,638 21 5,061,800,000 6,959,975.00
February-15 1,390 1,200 1,230 231,087.00 299,975.00 12,195 19 5,061,800,000 6,226,014.00
March-15 1,270 1,090 1,220 89,772.00 108,048.00 12,273 22 5,061,800,000 6,175,396.00
April-15 1,220 1,045 1,140 221,404.00 247,311.00 21,848 21 5,061,800,000 5,770,452.00
May-15 1,300 1,080 1,265 114,691.00 136,034.00 10,838 19 5,061,800,000 6,403,177.00
June-15 1,285 1,120 1,150 115,309.00 136,342.00 7,885 21 5,061,800,000 5,821,070.00

Stock Price and Traded Chart

Stock Price (Rp) Thousand Shares
1,600 10,000

1,400 9,000
8,000
1,200
7,000
1,000 6,000
800 5,000

600 4,000
3,000
400
2,000
200 1,000
- -
Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15

Institute for Economic and Financial Research 185