PT Indofood CBP Sukses Makmur Tbk.

Food and Beverages

Head Office Sudirman Plaza, Indofood Tower 25th Floor Summary of Financial Statement
Jl. Jend. Sudirman Kav. 76-78
Jakarta 12910 (Million Rupiah)
Phone (021) 5795-8822, 5793-7500 2011 2012 2013
Fax (021) 5793-7557, 5793-7373
Total Assets 15,354,878 17,819,884 21,267,470
E-mail: hery_kurniawan@indofood.co.id Current Assets 8,689,138 9,922,662 11,321,715
Website: www.indofoodcbp.com of which
Business Noodles Cash and cash equivalents 5,526,173 5,487,171 5,526,173
Company Status PMDN Trade receivables 2,344,028 2,253,257 2,454,553
Inventories 1,640,700 1,816,459 2,868,722
Financial Performance: The Company booked net income Non-Current Assets 6,665,740 7,897,222 9,945,755
at IDR2.286 trillion in 2013, slightly decrease from IDR2.287 of which
billion booked in 2012. Fixed Assets-Net 2,610,653 3,869,239 4,844,407
Brief History: PT Indofood CBP Sukses Makmur Tbk is Deffered Tax Assets-Net 120,978 164,031 231,593
Investments 83,201 151,495 308,219
an Indonesia-based company engaged in the production of con-
Other Assets 170,485 180,968 888,529
sumer branded products (CBP), such as instant noodles, dairy,
food seasonings, snack foods, nutrition and biscuits. The Com- Liabilities 4,654,102 5,835,523 8,001,739
pany has five business activities, namely noodles division, dairy Current Liabilities 3,127,996 3,648,069 4,696,583
division, food seasonings division, snack foods division and nu- of which
Bank loans 417,851 400,396 557,484
trition and special foods division. Its subsidiaries are Indofood Trade payables 1,401,477 1,649,151 2,137,102
(M) Food Industries Sdn. Bhd., which is engaged in trading of Taxes payable 226,428 86,280 61,339
instant noodles in Malaysia; PT Surya Rengo Containers, which Accrued expenses 627,060 847,116 848,674
is engaged in office supplies; PT Nestle Indofood Citarasa In- Non-Current Liabilities 1,526,106 2,187,454 3,305,156

donesia; Drayton Pte. Ltd., which is engaged in dairy products;

Shareholders' Equity 107,000,776 11,984,361 13,266,731
PT Indofood Fritolay Makmur, which is engaged in snack foods; Paid-up capital 583,095 583,095 583,095
PT Pinnacle Permata Makmur, which is an investment company; Paid-up capital
PT Sukses Artha Jaya, which is an investment company, and PT in excess of par value 5,985,469 5,985,469 5,985,469
Indolakto, which is engaged dairy products. Retained earnings 100,432,212 5,415,797 6,698,167

Net Sales 19,367,155 21,716,913 25,094,681

Cost of Goods Sold 14,335,896 15,913,098 18,668,990
Gross Profit 5,031,259 5,803,815 6,425,691
Operating Expenses 2,422,511 2,954,565 3,653,767
Operating Profit 2,608,748 2,849,250 2,771,924
Other Income (Expenses) 136,162 185,144 195,066
Profit (Loss) before Taxes 2,744,910 3,034,394 2,966,990
Comprehensive Profit (Loss) 2,064,049 2,287,242 2,286,639

Per Share Data (Rp)

Earnings per Share 354 392 392
Equity per Share 18,350 2,055 2,275
Dividend per Share 169 186 190
Closing Price 5,200 7,800 10,200

Financial Ratios
PER (x) 14.69 19.88 26.01
PBV (x) 0.28 3.80 4.48
Dividend Payout (%) n.a 47.42 48.45
Dividend Yield (%) n.a 2.38 1.86

Current Ratio (x) 2.78 2.72 2.41

Debt to Equity (x) 0.04 0.49 0.60
Leverage Ratio (x) 0.30 0.33 0.38
Gross Profit Margin (x) 0.26 0.27 0.26
Operating Profit Margin (x) 0.13 0.13 0.11
Net Profit Margin (x) 0.11 0.11 0.09
Inventory Turnover (x) 8.74 8.76 7.61
Total Assets Turnover (x) 1.26 1.22 1.18
ROI (%) 13.44 12.84 10.75
ROE (%) 1.93 19.09 17.24

PER = 24,71x ; PBV = 4,80x (June 2014)

Shareholders Financial Year: December 31
PT Indofood Sukses Makmur Tbk 80.53% Public Accountant:Purwantono, Suherman & Surja
Public 19.47%

170 Indonesian Capital Market Directory 2014

PT Indofood CBP Sukses Makmur Tbk. Food and Beverages

Board of Commissioners Board of Directors

President Commissioner Benny Setiawan Santoso President Director Anthoni Salim
Commissioners Moleonoto, Alamsyah, Adi Pranoto Leman, Directors Taufik Wiraatmadja, Werianty Setiawan,
Franciscus Welirang, F.G. Winarno, Suaimi Suriady, Tjhie Tje Fie (Thomas Tjie),
Wahjudi Prakarsa Axton Salim, Hendra Widjaja,
Sulianto Pratama, Yungki Setiawan
Number of Employees 30,096

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 7-Oct-10 7-Oct-10 1,166,191,000 1,166,191,000
2 Company Listing 7-Oct-10 7-Oct-10 4,664,763,000 5,830,954,000

Underwriter
PT Kim Eng Securities
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 8,700 7,600 8,000 69,143.00 552,825.00 8,421 21 5,830,954,000 46,647,632.00
February-13 8,650 7,900 8,500 78,410.00 638,909.00 7,470 20 5,830,954,000 49,563,109.00
March-13 9,900 8,200 9,600 108,935.00 974,749.00 13,589 19 5,830,954,000 55,977,158.00
April-13 11,700 9,500 11,450 106,833.00 1,118,431.00 23,016 22 5,830,954,000 66,764,423.00
May-13 13,400 11,500 13,100 183,672.00 2,300,353.00 35,135 22 5,830,954,000 76,385,497.00
June-13 13,000 9,850 12,200 111,166.00 1,270,060.00 26,910 19 5,830,954,000 71,137,639.00
July-13 12,500 10,350 11,200 81,983.00 913,934.00 20,502 23 5,830,954,000 65,306,685.00
August-13 11,650 8,700 10,000 68,204.00 680,778.00 15,325 17 5,830,954,000 58,309,540.00
September-13 12,200 8,900 10,250 91,623.00 932,990.00 19,020 21 5,830,954,000 59,767,279.00
October-13 11,500 10,200 11,200 73,454.00 805,810.00 15,121 21 5,830,954,000 65,306,685.00
November-13 11,300 9,750 10,000 71,526.00 740,344.00 19,144 20 5,830,954,000 58,309,540.00
December-13 10,300 9,550 10,200 36,835.00 368,146.00 12,888 19 5,830,954,000 59,475,731.00
January-14 11,700 9,900 11,000 68,488.00 734,990.00 31,608 20 5,830,954,000 64,140,494.00
February-14 11,350 10,450 11,175 78,008.00 852,458.00 33,839 20 5,830,954,000 65,160,911.00
March-14 11,300 9,950 10,100 124,778.00 1,318,297.00 40,130 20 5,830,954,000 58,892,635.00
April-14 10,275 9,800 10,000 113,027.00 1,131,541.00 31,126 20 5,830,954,000 58,309,540.00
May-14 10,400 9,925 10,200 55,236.00 557,582.00 22,065 18 5,830,954,000 59,475,731.00
June-14 10,275 9,875 10,000 46,268.00 465,777.00 21,362 21 5,830,954,000 58,309,540.00

Stock Price and Traded Chart

Stock Price (Rp) Thousand Shares
14,000 60,000

12,000
50,000

10,000
40,000

8,000
30,000
6,000

20,000
4,000

10,000
2,000

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

Institute for Economic and Financial Research 171