PT Sepatu Bata Tbk.

Apparel and Other Textile Products

Head Office Jl. RA. Kartini Kav. 28, Cilandak Barat Summary of Financial Statement
Jakarta 12430
Phone (021) 750-5353 (Million Rupiah)
Fax (021) 750-5354 2011 2012 2013
Email: Jakarta@bataindonesia.com Total Assets 516,649 574,108 680,685
Branch Offices - Bata Surabaya Current Assets 316,644 357,374 435,579
Komplek Pergudangan Meiko Abadi B 18-19 of which
Desa Betro Kec. Sedati, Sidoarjo, Jawa Timur Cash and cash equivalents 11,628 9,445 3,287
Phone (031) 801-4715, Fax (031) 801-4716 Trade receivables 27,260 31,449 39,678
Inventories 193,997 221,854 281,406
- Bata Medan
Non-Current Assets 200,006 216,734 245,106
Jl Thamrin No. 75-W, Medan
of which
Phone (061) 735-5267, Fax (061) 736-6263
Fixed Assets-Net 169,555 187,893 210,124
Factories - Jl. Pahlawan Kalibata Po Box 1069 Other Assets 30,451 28,842 34,982
Jakarta 10010
- Desa Cibening, Kec. Bungursari, Liabilities 162,169 186,620 194,762
Kab. Purwakarta Current Liabilities 148,823 168,268 168,268
Phone (0264) 203-870, 203-871 of which
Fax (0264) 203-560 Short-term debt n.a 17,000 31,000
Business Distribution & Import (Industry Foot Wear) Trade payables 102,005 97,581 169,724
Company Status PMA Taxes Payable 3,729 8,024 4,237
Accrued Expenses 8,065 8,227 9,728
Financial Performance: The Company booked net income Non-Current Liabilities 13,346 18,352 26,494
amounted IDR44.37 billion in 2013, lower than last year income
worth IDR69.34 billion. Shareholders' Equity 354,480 387,488 396,853
Paid-up capital 13,000 13,000 13,000
Brief History: The company started its operation in 1939
Revaluation of fixed assets n.a n.a n.a
originally under the name of NV Nederlandsch Indische Schoen- Retained earnings 341,480 374,488 383,853
handel Maatschappij Bata. The company has firmly established
its position as a major domestic shoe manufacturer. Net Sales 678,592 751,449 902,459
The companys products are marketed under the names Cost of Goods Solds 369,611 400,963 539,447
Gross Profit 308,980 350,486 363,012
of Bata, Power, North Star, Marie Claire, Weinbrenner, Ha-
Operating Expenses 226,922 250,322 297,621
waianas, and Bubble gummers, distributed via 6 distributors. Operating Profit 82,058 100,164 65,392
The company markets its products to 10 countries, with total Other Income (Expenses) (2,402) (1,016) (1,633)
exports of 326,000 pairs of shoes. The company also has an Profit (Loss) before Taxes 79,656 99,148 63,758
assistance agreement within technology, product development, Comprehensive Profit (loss) 56,615 69,343 44,374

administration and materials with Bata Ltd. of Canada. During Per Share Data (Rp)
1993, 37 new stores were opened, making a total of 350 deal- Earnings per Share 4,355 5,334 3,413
ers and Bata department stores outlets throughout Indonesia. Equity per Share 27,268 29,807 30,527
In 1994 the company has installed a new factory with a produc- Dividend per Share 1565 1,185 13.47

tion capacity of 5 million pairs of shoes. With this expansion the Closing Price 55,000 60,000 1,060

company total capacity production becomes 15 million pairs Financial Ratios

of shoes per annum. In 2000, the export business represented PER (x) 12.63 11.25 0.31
9% of the company total sales value. The company achieved a PBV (x) 2.02 2.01 0.03
29% increase against 1999 in sales to Bata Shoe Organization Dividend Payout (%) n.a 22.22 n.a
Dividend Yield (%) n.a 3.98 n.a
companies in Europe and Asia. 40 new stores were established
by Indonesian Independent Retail Dealers and 14 were closed, Current Ratio (x) 2.13 2.12 2.59
bringing the total to 419 at the end of 2000. The company is a Debt to Equity (x) 0.46 0.48 0.49
member of the Bata Shoe Organization which its head office in Leverage Ratio (x) 0.31 0.33 0.29
Toronto, Canada. Gross Profit Margin (x) 0.46 0.47 0.40
Operating Profit Margin (x) 0.12 0.13 0.07
Net Profit Margin (x) 0.08 0.09 0.05
Inventory Turnover (x) 1.91 1.81 1.92
Total Assets Turnover (x) 1.31 1.31 1.33
ROI (%) 10.96 12.08 6.52
ROE (%) 15.97 17.90 11.18

PER = 21,02x ; PBV = 3,12x (June 2014)

Financial Year: December 31
Shareholders Public Accountant: Purwantono, Suherman & Surja
Bafin (Nederland) B.V. 81.80%
HSBC Fund Services 5.20%
Public 13.00%

250 Indonesian Capital Market Directory 2014

PT Sepatu Bata Tbk. Apparel and Other Textile Products

Board of Commissioners Board of Directors

President Commissioner Rajeev Gopalakrishnan President Director Muhammad Imran Malik
Commissioners Farid Harijanto, Shaibal Sinha, Directors Hatta Tutuko, Fabio Bellini, Pierluigi Pontecorvo,
Hanafiah Djajawinata, Solaiappan Mariappan, Ricardo Lumalessil
Jorge Domingo Carbajal Gutierrez
Number of Employees 1,026

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 24-Mar-82 24-Mar-82 1,200,000 1,200,000
2 Additional Listing 09-Jan-85 09-Jan-85 288,000 1,488,000
3 Additional Listing 24-Dec-86 24-Dec-86 462,000 1,950,000
4 Partial Listing 19-Apr-90 03-May-90 2,600,000 4,550,000
5 Partial Listing 09-Nov-00 09-Nov-00 8,450,000 13,000,000
6 Stock Splits 04-Sep-13 04-Sep-13 1,287,000,000 1,300,000,000

Underwriters
PT Merchant Investment Corporation, PT DANAREKSA
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-13 55,000 55,000 55,000 0.50 28.00 1 1 13,000,000 715,000.00
February-13 55,000 55,000 55,000 1.00 55.00 2 2 13,000,000 715,000.00
March-13 0 0 55,000 0.00 0.00 0 0 13,000,000 715,000.00
April-13 0 0 55,000 0.03 2.00 1 1 13,000,000 715,000.00
May-13 85,000 60,000 85,000 4.00 255.00 5 5 13,000,000 1,105,000.00
June-13 0 0 85,000 0.31 26.00 2 2 13,000,000 1,105,000.00
July-13 0 0 85,000 0.01 1.00 3 3 13,000,000 1,105,000.00
August-13 0 0 85,000 0.00 0.00 0 0 13,000,000 1,105,000.00
September-13 2,025 1,000 1,090 25,603.00 30,917.00 3,062 19 1,300,000,000 1,417,000.00
October-13 1,140 1,070 1,070 6,626.00 7,033.00 474 21 1,300,000,000 1,391,000.00
November-13 1,090 1,020 1,050 388.00 413.00 213 20 1,300,000,000 1,365,000.00
December-13 1,120 1,010 1,060 285.00 306.00 112 18 1,300,000,000 1,378,000.00
January-14 1,070 970 990 473.00 475.00 357 20 1,300,000,000 1,287,000.00
February-14 1,010 975 990 352.00 349.00 306 18 1,300,000,000 1,287,000.00
March-14 1,000 920 960 634.00 614.00 321 19 1,300,000,000 1,248,000.00
April-14 1,010 920 950 212.00 205.00 186 18 1,300,000,000 1,235,000.00
May-14 980 920 955 363.00 346.00 118 17 1,300,000,000 1,241,500.00
June-14 1,000 905 995 562.00 538.00 309 20 1,300,000,000 1,293,500.00

Stock Price and Traded Chart

Stock Price (Rp) Thousand Shares
1,200 120

1,000 100

800 80

600 60

400 40

200 20

- -
Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14

Institute for Economic and Financial Research 251