PT Semen Gresik (Persero) Tbk.

Cement

Head Office Gedung Utama Semen Gresik 9th-11th Floor Summary of Financial Statement
Jl. Veteran-Gresik 61122, Jawa Timur
Phone (031) 398-1731-3 (Million Rupiah)
Fax (031) 397-2264, 398-3209 2009 2010 2011
E-mail: ptsg@sg.sggrp.com Total Assets 12,951,308 15,562,999 19,661,603
Website: http://www.semengresik.com Current Assets 8,221,270 7,345,868 7,646,145
Toll Free: 0800-10-88888 of which
Cash and Cash Equivalents 3,410,263 3,664,278 3,375,645
Representative Office The East Building 18th Floor
Time dweposits 1,875,254 240,609 306,445
Jl. Lingkar Mega Kuningan Kav. E3.2 No. 1 Trade receivables 1,425,303 1,716,582 1,828,478
Jakarta Selatan Inventories 1,407,577 1,624,219 2,006,660
Phone (021) 526-1174-5, Fax (021) 526-1176 Non-Current Assets 4,730,038 8,217,131 12,015,458
Factory Desa Sumberarum, Kec. Kerek, of which
Fixed Assets-Net 4,014,143 7,662,560 11,640,692
Kab. Tuban 62356 Deffered Tax Assets 111,920 95,684 106,489
Phone (0356) 325-001-3, Fax (0356) 322-380 Investments 64,408 69,630 80,193
Business Cement Production Other Assets 17,462 17,202 18,029
Company Status BUMN Liabilities 2,625,604 3,423,246 5,046,506
Current Liabilities 2,293,769 2,517,519 2,889,137
Financial Performance: The company has managed of which
to book net profit in 2011 at IDR 3.955 trillion, rising from IDR Trade payables 822,100 892,022 1,182,562
Taxes payable 538,533 222,697 290,107
3.659 trillion in 2010. Current maturities of
Brief History: The Company is engaging in cement long-term debt 90,410 86,634 77,790
Non-Current Liabilities 331,835 905,727 2,157,369
industry. Officially inaugurated on August 7, 1957 by the first
Shareholders' Equity 10,325,704 12,139,753 14,615,097
President of the Republic of Indonesia with installed capacity of Paid-up capital 593,152 593,152 593,152
250,000 tons cement per year. On July 8, 1991, Semen Gresik Paid-up capital
in excess of par value 1,458,258 1,458,258 1,458,258
was listed at the Jakarta Stock Exchange and Surabaya Stock Retained earnings 8,274,294 10,088,343 12,563,687
Exchange and was the first State-owned Enterprise publicly list- Net Sales 14,387,850 14,344,189 16,378,794
ed by offering 40 million shares to the public. Its shareholding Cost of Goods Sold 7,613,709 7,534,079 8,891,868
Gross Profit 6,774,141 6,810,110 7,486,926
composition was Government 73% and the Public 27%. Operating Expenses 2,431,578 2,300,166 2,594,794
In September 1995, Semen Gresik performed right issue Operating Profit 4,342,563 4,509,944 4,892,132
Other Income (Expenses) 312,625 212,679 197,821
I, which changed the share ownership composition to the State Profit (loss) before Taxes 4,655,188 4,722,623 5,089,953
65% and the Public 35%. In September 15,1995 Semen Gresik Comprehensive Profit (loss) 3,326,488 3,659,114 3,955,273
acquired SP and ST, which was then known as Semen Gresik Per Share Data (Rp)
Group (SGG). The total installed capacity of SGG was 8.5 mil- Earnings per Share 561 617 667
Equity per Share 1,741 2,047 2,464
lion tons of cement per year. Dividend per Share 250 248 331
On September 17, 1998, the Government sold its 14% Closing Price 7,550 9,450 11,450

shares in SGG through an open tender, in which Cemex S.A. Financial Ratios
PER (x) 13.46 15.32 17.17
de C.V, a Mexicobased global cement company, was declared PBV (x) 4.34 4.62 4.65
as the winner. The share ownership composition was then Dividend Payout (%) 44.66 40.20 49.62
Dividend Yield (%) 14.39 12.12 13.43
changed to the Government 51 %, the Public 35%, and Cemex
Current Ratio (x) 3.58 2.92 2.65
14%. Debt to Equity (x) 0.25 0.28 0.35
As of September 30, 1999, the share ownership composi- Leverage Ratio (x) 0.20 0.22 0.26
Gross Profit Margin (x) 0.47 0.47 0.46
tion has changed to the Government 51 %, the Public 23.5%, Operating Profit Margin (x) 0.30 0.31 0.30
and Cemex 25.5%. Meanwhile, SGG has an installed capacity of Net Profit Margin (x) 0.23 0.26 0.24
Inventory Turnover (x) 5.41 4.64 4.43
15.82 million tons cement per year. On July 27 2006 Cemex Total Assets Turnover (x) 1.11 0.92 0.83
S.A. de C.V. shares were sold to Blue Valley Holdings PTE Ltd., ROI (%) 25.68 23.51 20.12
so that the share ownership composition has changed to the ROE (%) 32.22 30.14 27.06

Government 51,01%, Blue Valley Holdings PTE Ltd. 24,90% and

PER = 16.38x ; PBV = 4.59x (June 2012)
public 24,09%. Financial Year: December 31
Presently, the real installed capacity of SGG has reached Public Accountant: Purwantono, Suherman & Surja

16,92 million tons per year, and it covers about 46% of domes- (million rupiah)
tic cement market. 2012 2011
Total Assets 22,278,132 18,037,737
Current Assets 8,679,253 7,834,263
Non-Current Assets 13,598,879 10,203,474
Liabilities 7,526,290 5,482,085
Shareholders' Equity 14,602,416 12,555,653
Net Sales 8,657,562 7,605,787
Profit after Taxes 2,115,257 1,896,114
Shareholders ROI (%) 9.49 10.51
Indonesia Government 51.01% ROE (%) 14.49 15.10
Public 48.99% In June

318 Indonesian Capital Market Directory 2012

PT Semen Gresik (Persero) Tbk. Cement

Board of Commissioners Board of Directors

President Commissioner Mahendra Siregar President Director Dwi Soetjipto
Commissioners Setia Purwaka, Achmad Jazidie, Directors Bambang Sugeng, Suparni,
Hadi Waluyo, Sumaryanto Widayatin, Suharto, Amat Pria Darma,
Djawahir Adnan Erizal Bakar, Ahyanizzaman

Number of Employees 6,517

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 08-Jul-91 08-Jul-91 40,000,000 40,000,000
2 Partial Listing 08-Jul-91 17-May-92 30,000,000 70,000,000
3 Company Listing 02-Jun-95 02-Jun-95 78,288,000 148,288,000
4 Right Issue 10-Aug-95 10-Aug-95 444,864,000 593,152,000
5 Stock Split 07-Aug-07 07-Aug-07 5,338,368,000 5,931,520,000

Underwriters
PT Danareksa Sekuritas, PT Deutsche Securities Indonesia, PT Trimegah Securities Tbk
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-11 10,000 7,250 7,750 279,407.00 2,371,780.00 28,860 21 5,931,520,000 45,969,280.00
February-11 8,850 7,800 8,650 157,200.00 1,307,341.00 16,970 18 5,931,520,000 51,307,648.00
March-11 9,350 8,250 9,100 169,216.00 1,488,654.00 21,543 23 5,931,520,000 53,976,832.00
April-11 9,800 9,100 9,500 120,939.00 1,153,198.00 13,301 20 5,931,520,000 56,349,440.00
May-11 9,800 9,200 9,700 144,637.00 1,378,004.00 13,524 21 5,931,520,000 57,535,744.00
June-11 9,750 9,150 9,600 128,580.00 1,218,512.00 14,410 20 5,931,520,000 56,942,592.00
July-11 10,000 9,350 9,450 241,451.00 2,367,029.00 13,494 21 5,931,520,000 56,052,864.00
August-11 9,650 8,400 9,100 206,839.00 1,864,386.00 22,705 19 5,931,520,000 53,976,832.00
September-11 9,450 7,400 8,300 145,732.00 1,234,343.00 23,699 20 5,931,520,000 49,231,616.00
October-11 9,500 7,700 9,500 149,227.00 1,282,433.00 24,322 21 5,931,520,000 56,349,440.00
November-11 9,550 8,650 9,250 129,289.00 1,181,110.00 18,215 22 5,931,520,000 54,866,560.00
December-11 11,450 9,300 11,450 195,126.00 2,008,194.00 21,806 21 5,931,520,000 67,915,904.00
January-12 12,950 10,750 11,300 210,657.00 2,414,273.00 31,022 21 5,931,520,000 67,026,176.00
February-12 11,700 10,400 11,250 290,757.00 3,283,417.00 29,475 21 5,931,520,000 66,729,600.00
March-12 12,650 11,050 12,250 156,721.00 1,871,958.00 23,712 21 5,931,520,000 72,661,120.00
April-12 12,650 11,600 12,150 134,207.00 1,629,480.00 17,193 20 5,931,520,000 72,067,968.00
May-12 12,400 10,400 10,950 217,770.00 2,436,384.00 23,702 21 5,931,520,000 64,950,144.00
June-12 11,650 9,900 11,300 150,083.00 1,665,904.00 24,678 21 5,931,520,000 67,026,176.00

Stock Price and Traded Chart

Institute for Economic and Financial Research 319