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Corporate Presentation Best Company In Indonesia for Corporate Governance Asia’s Best Companies 2010 2010 Best
Corporate Presentation Best Company In Indonesia for Corporate Governance Asia’s Best Companies 2010 2010 Best
Corporate Presentation Best Company In Indonesia for Corporate Governance Asia’s Best Companies 2010 2010 Best

Corporate Presentation

Best Company In Indonesia for Corporate Governance Asia’s Best Companies 2010 2010 Best Indonesian Small
Best Company In
Indonesia for Corporate
Governance
Asia’s Best Companies
2010
2010
Best Indonesian Small
Cap
Indonesia’s Best
Investor Relations
AKR & Sorini
2009 & 2007
OSK Asean Corporate Day 2011
Fullerton Hotel, Singapore, 6-7 January 2011
Best Investor Relations
Officer
2008

November 2010

Who We Are Brief overview • Established in 1960, AKR Corporindo is Indonesia’s largest private

Who We Are

Brief overview

• Established in 1960, AKR Corporindo is Indonesia’s largest private distributor of basic chemicals and petroleum with integrated network across the country.

• Operates in 9 sea ports and 11 river ports in two major Asia economic Indonesia & China

• AKR listed in Jakarta Stock Exchange in 1994

Stock data (as of 30/12/10) • Bloomberg Code : AKRA:IJ • Market Cap (US$ mn)
Stock data (as of 30/12/10)
• Bloomberg Code
: AKRA:IJ
• Market Cap (US$ mn) : 730
• Issued Shares (mn)
: 3,792
• Major Shareholders (%)
• PT Arthakencana Rayatama : 59.2
• Others
: 40.8
50 years growing with the nation Chemical business is founded in Surabaya Built tank and
50 years growing with the nation
Chemical
business is
founded in
Surabaya
Built tank and
warehouse
facilities. Built
first 5,000 MT
sorbitol plant
1 st private
company to
import &
distributed
unsubsidized fuel
Signed JV with
Royal Vopak to
build 450,000 tank
terminal
Awarded right to
distribute subsidized
fuel in 2010.
Acquired coal mining.
1960’s
1970’s
1980’s
1990’s
2005
2006
2007
2008
2009
2010
Trading business
Acquired 5
river ports in
China
is expanded
Listed in JSX. Built 2 nd
sorbitol plant in java
and China. Bulk terminal
operations expanded
Stagen 50,000 KL
terminal
commissioned.
Acquired 1 st fuel
vessel.
Successfully conducted
rights issue II.
Awarded right to
distribute subsidized
fuel in 2011
Strong Historical Performance Steady Sales Growth (IDR bn) 9,476 10,000 8,960 8,538 9,000 8,000 7,000

Strong Historical Performance

Steady Sales Growth

(IDR bn) 9,476 10,000 8,960 8,538 9,000 8,000 7,000 5,895 6,000 5,000 3,970 4,000 2,828
(IDR bn)
9,476
10,000
8,960
8,538
9,000
8,000
7,000
5,895
6,000
5,000
3,970
4,000
2,828
3,000
2,000
1,000
0
6yrs CAGR = 26%
2005
2006
2007
2008
2009
9M2010

Rising EBITDA

(IDR bn) 900 762 800 708 700 600 516 492 500 400 330 290 300
(IDR bn)
900
762
800
708
700
600
516
492
500
400
330
290
300
200
100
0
2005
2006
2007
2008
2009
9M2010

Sustainable Net Profit Growth

(IDR bn) 300 275 250 225 210 191 200 150 128 119 100 50 0
(IDR bn)
300
275
250
225
210
191
200
150
128
119
100
50
0
2005
2006
2007
2008
2009
9M2010
6yrs CAGR = 24%

Low Leverage (Net Debt/Equity)

(x)

1.2

1.0

0.8

0.6

0.4

0.2

0.0

1.11 1.04 0.71 0.63 0.37 0.35 2005 2006 2007 2008 2009 9M 2010
1.11
1.04
0.71
0.63
0.37
0.35
2005
2006
2007
2008
2009
9M 2010
Key Investment Highlights • Leading petroleum and chemical distributor supported with integrated infrastructure network

Key Investment Highlights

• Leading petroleum and chemical distributor supported with integrated infrastructure network

• Leading producer of Sorbitol & Starch Sweeteners with strong presence in Asia Pacific & China Capitalizing large opportunity in Indonesia petroleum market

• Capturing growth opportunities through strategic investment in infrastructure and energy related sector

• Beneficiary of strong domestic consumer demand

• To focus and further strengthen its Petroleum and Chemicals Distribution and Logistic Business in the coming years

Distribution and Logistic Business in the coming years Manufacturing Trading and Distribution Logistic Indonesia
Distribution and Logistic Business in the coming years Manufacturing Trading and Distribution Logistic Indonesia

Manufacturing

Trading and Distribution

Logistic

Indonesia

China

Chemicals

Petroleum

Indonesia

China

• Sorbitol

• Starch sweeteners

• Tapioca starch

• Cassava plantation

• Wood adhesives

• Basic chemicals

• Refined petroleum :

• High Speed Diesel

• Fuel Oil

• Industrial Diesel Oil

• Petroleum tank terminal

• Bulk terminals – chemicals

• Ports & terminal operator

• Stevedoring

• Warehousing

• Physical transportation

Update on Sorini Divestment Transaction Update • On 15 December 2010, AKRA has entered into

Update on Sorini Divestment

Transaction Update

• On 15 December 2010, AKRA has entered into agreement (CSPA) to sell 629,166,945 shares of Sorini (68.82%) to Cargill at Rp 3,500 per share.

• The completion of this deal is subject to AKR shareholders approval in the EGM which will be held on 26 January

2011

Number of Shares : 629,166,945 Shares

Sales Price

Proceeds (Net)

: Rp 3,500 per Share

: Rp 2,179 billion

Or equivalent to

: US$ 242 million

Transaction Multiple* : - 27.5x 2010F P/E

- 14.5x 2010F EV/EBITDA

* Bloomberg Consensus’s EPS and EBITDA

Rationale

• AKRA focus is now re-oriented towards fast growing energy, petroleum and chemical distribution and logistics infrastructure

• This divestment of Sorini is at very attractive price, unlocking value of Sorini and will add value to the shareholders by enabling to reinvest the proceeds of the divestment in these focus businesses.

Use of Proceeds

• Strategic investment in an attractive and fast growing energy related sector.

• Further expansion in AKR core expertise in distribution business and logistic infrastructure i.e. tank storage and logistic network to support future growth

• To exploit new market opportunities: Eastern Indonesia and other sectors

• To capture opportunities from subsidized fuel segment deregulation

PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011 5
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011
5
Impact of Sorini Divestment on AKR Financials Pro Forma Financial Statement as of 31 December

Impact of Sorini Divestment on AKR Financials

Pro Forma Financial Statement as of 31 December 2009

Income Statement

Balance Sheet

 

Historical

Adjustment

Pro Forma

 

Historical

Adjustment

Pro Forma

Revenues Gross Profit Operating Profit Other Income/Expenses Pretax Income Tax Expenses Net Income

8,959,842

-

8,959,842

Current Assets Cash or Cash Equivalents Proposed Transaction Account Receivables Inventories Others Current Assets

2,694,116

1,674,873

4,368,989

953,631

-

953,631

273,694

(115,050)

158,644

539,968

-

539,968

-

2,226,834

2,226,834

(71,713)

1,760,216

1,688,504

1,298,938

(138,672)

1,160,266

468,256

1,760,216

2,228,472

709,518

(246,119)

463,399

(128,359)

-

(128,359)

411,966

(52,120)

359,846

274,719

1,760,216

2,034,935

 
 

Non Current Assets Deferred Tax Assets

3,364,954

(728,215)

2,636,740

68,468

(25,680)

42,788

Fixed Assets Others Non Current Assets

2,859,238

(676,027)

2,183,211

   

437,248

(26,508)

410,740

 

Key Important Date

   
   

Total Assets

6,059,070

946,658

7,005,729

• CSPA Date

:

15 Dec 2010 27 Dec 2010 27 Dec 2010 10 Jan 2011 11 Jan 2011 26 Jan 2010

Current Liabilities Account Payables Short-term Debt Other Current Liabilities

2,810,284

(301,282)

2,509,002

• Announcement of EOGM

:

1,111,622

(56,753)

1,054,869

• Information Disclosure

:

1,256,353

(229,601)

1,026,752

• DPS Date

:

442,309

(14,928)

427,381

• Notice to the Shareholders

:

 

• EOGM

 

:

 

Non Current Liabilities

1,021,968

(156,531)

865,437

Long-term Debt Other Long-term Liabilities

952,415

(126,439)

825,976

 

69,553

(30,092)

39,461

Total Liabilities

3,832,253

457,813

3,374,439

Minority Interest

485,757

(265,395)

220,362

Equity

1,741,060

1,669,867

3,410,927

Segmental Revenues and Gross Profit Trading and Distribution’s contribution to AKR’s revenues and gross profit

Segmental Revenues and Gross Profit

Trading and Distribution’s contribution to AKR’s revenues and gross profit will continue increasing

Segmental Revenue Contribution 9M10 vs. 2009

 

9M10

2009

Trading & Distribution Manufacturing - Sorini Manufacturing - Others Logistic

77%

75%

16%

16%

4%

5%

3%

4%

Segmental Gross Profit Contribution 9M10 vs. 2009

 

9M10

2009

Trading & Distribution Manufacturing - Sorini Manufacturing - Others Logistic

33%

22%

38%

49%

15%

15%

15%

15%

9M10 Volume Performance and 2010 Estimates   UOM 9M10A 2010E Trading & Distribution Chemical Petroleum

9M10 Volume Performance and 2010 Estimates

 

UOM

9M10A

2010E

Trading & Distribution Chemical Petroleum Manufacturing Indonesia China Logistic Indonesia - Cargo/Others Indonesia - Container China - Cargo/Others China - Container

MT

950,691

1,133,495

KL

826,828

1,314,989

MT

317,352

425,663

MT

46,817

69,432

MT

5,376,498

7,070,865

TEUs

143,070

182,883

MT

3,228,106

4,449,308

TEUs

33,142

47,313

Latest Award in Corporate Governance • Asiamoney’s Corporate Governance Polls for 2010, announced in December

Latest Award in Corporate Governance

• Asiamoney’s Corporate Governance Polls for 2010, announced in December 2010, ranked PT AKR Corporindo Tbk. as the Best Company in Indonesia For Corporate Governance.

• AKR swept ALL categories of the Asiamoney Corporate Governance Polls for 2010

• The management would like to thank all the analysts and investors that voted AKR as Indonesia’s best company for corporate governance in Asiamoney’s Corporate Governance Poll for 2010.

Best Company In Indonesia for Corporate Governance 2010 Best Indonesian Small Cap 2009 & 2007

Best Company In Indonesia for Corporate Governance

2010

Best Indonesian Small Cap

2009 & 2007

Best Investor Relations Officer

2008

2009 & 2007 Best Investor Relations Officer 2008 Asia’s Best Companies 2010 Indonesia’s Best Investor
Asia’s Best Companies 2010 Indonesia’s Best Investor Relations AKR & Sorini PT AKR Corporindo Tbk
Asia’s Best Companies
2010
Indonesia’s Best
Investor Relations
AKR & Sorini
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011
9
Corporate Presentation Trading and Distribution Indonesia’s largest private distributor of refined petroleum products

Corporate Presentation

Corporate Presentation Trading and Distribution Indonesia’s largest private distributor of refined petroleum products

Trading and Distribution

Indonesia’s largest private distributor of refined petroleum products

Indonesia’s largest distributor of bulk chemicals

Petroleum Distribution Quarterly Performance 48% YoY 50% YoY (k KL) 450 400 350 300 250

Petroleum Distribution Quarterly Performance

48% YoY

50% YoY

(k KL)

450

400

350

300

250

200

150

100

Quarterly Volume

399

364

320 293 270 259 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10E
320
293
270
259
3Q09
4Q09
1Q10
2Q10
3Q10
4Q10E

(Rp, bn)

2,100

1,600

1,100

600

100

Quarterly Revenue

2,105

2,065

bn) 2,100 1,600 1,100 600 100 Quarterly Revenue 2,105 2,065 1,690 1,642 1,405 1,391 3Q09 4Q09
bn) 2,100 1,600 1,100 600 100 Quarterly Revenue 2,105 2,065 1,690 1,642 1,405 1,391 3Q09 4Q09

1,690

1,642

1,100 600 100 Quarterly Revenue 2,105 2,065 1,690 1,642 1,405 1,391 3Q09 4Q09 1Q10 2Q10 3Q10

1,405

1,391

100 Quarterly Revenue 2,105 2,065 1,690 1,642 1,405 1,391 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10E (Rp/lt)
100 Quarterly Revenue 2,105 2,065 1,690 1,642 1,405 1,391 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10E (Rp/lt)

3Q09

4Q09

1Q10

2Q10

3Q10

4Q10E

(Rp/lt)

6,000

5,500

5,000

4,500

4,000

3,500

3,000

Avg. Selling Price (Rp/lt)

5,238 5,276 5,404 5,606 5,290 5,478 4,298 4,579 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
5,238 5,276 5,404 5,606 5,290 5,478
4,298 4,579
1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10
4Q10E
4,298 4,579 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10E PT AKR Corporindo Tbk | OSK
Latest Development on Fuel Subsidies Policy • In Nov 2010, subsidized fuel consumption has surpassed

Latest Development on Fuel Subsidies Policy

• In Nov 2010, subsidized fuel consumption has surpassed quota allocated for 2010 of 36.5 million KL.

• The above combined with rising in world oil prices has put a significant pressure on Government budget

• The Government has announced (approved by the House of Representative) to remove subsidies for private car owner starting Mar 2011.

• According the Government plan, the limitation would be carried out at several phases:

• Phase 1 – Mar 2011 - the Greater Jakarta Area.

• Phase 2 – Jul 2011 – Java & Bali.

• Phase 3 – 2012 - Kalimantan

• Phase 4 – 2013 - Sulawesi

• Main beneficiary would be foreign retail player such as Shell, Total, Petronas as at open market competition consumer will prefer buying non-subsidized products from foreign retail gas station for better quality and services.

• AKR through its Jakarta Tank Terminal would be also one of the key beneficiaries as it is the only Independent storage available in the Greater Jakarta area in anticipating volume growth from foreign retail player.

Sufficient Capacity to Cater Immediate Volume Growth • AKR Pioneered construction of Bulk Storage terminals

Sufficient Capacity to Cater Immediate Volume Growth

• AKR Pioneered construction of Bulk Storage terminals in 1980’s to grow basic chemicals business

• Pro-actively invested in key infrastructural facilities to capitalise on growth opportunities in Petroleum downstream sector

• Platform for maintaining volume growth in the coming years

2005

2005 2009 June 2010 2011-2012

2009

2005 2009 June 2010 2011-2012

June 2010

2005 2009 June 2010 2011-2012

2011-2012

2005 2009 June 2010 2011-2012
2005 2009 June 2010 2011-2012
2005 2009 June 2010 2011-2012
2005 2009 June 2010 2011-2012
2005 2009 June 2010 2011-2012
2005 2009 June 2010 2011-2012
2005 2009 June 2010 2011-2012
2005 2009 June 2010 2011-2012
2005 2009 June 2010 2011-2012

150,000 KL

coming years 2005 2009 June 2010 2011-2012 150,000 KL 248,500 KL 509,185 KL Current tank capacity

248,500 KL

2005 2009 June 2010 2011-2012 150,000 KL 248,500 KL 509,185 KL Current tank capacity allocation: •

509,185 KL

Current tank capacity allocation:

Petroleum:151,035 KL

Chemicals: 108,150 KL

Jakarta Tank Terminal (JTT): 250,800 KL

108,150 KL • Jakarta Tank Terminal (JTT): 250,800 KL 509,185 KL + 65,000 KL (2011) +

509,185 KL

+

65,000 KL (2011)

+

200,000 KL (JTT phase 2)

Participating in Retail for future growth • Large market for subsidized fuel (60% of Indonesia

Participating in Retail for future growth

• Large market for subsidized fuel (60% of Indonesia Petroleum Market) being deregulated

• First time Private companies are allowed to distribute subsidized fuels in 2010

• In September 2010 AKR has been again appointed as the only private company to distribute subsidized 103,220 KL fuels for the year 2011

• Provides a platform to understand and build capabilities to serve this large market opportunity from AKR network

• AKR has set up retail locations in 6 provinces in Outside Java.

– North Sumatra

 
   

– Lampung

– West Kalimantan

– South Kalimantan

– East Kalimantan

– South Sulawesi

1
1
2
2

• AKR has a total of 31 retail gas stations (17 of which are New stations commencing in January 2011) selling subsidized fuel.

 
3
3
4
4

1. Existing mini petrol station, 2. Four-island station, 3. Two-islands station, 4. One-island station Pictures no2-4 are artist impressions

PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011 14
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011
14
Large Market For Energy With Limited Supply Indonesia Consumption of Refined Products (Million KL) Non

Large Market For Energy With Limited Supply

Indonesia Consumption of Refined Products (Million KL) Non 40% Subsidized Non- Fuel, 25 60% Subsidized
Indonesia Consumption of Refined Products
(Million KL)
Non
40%
Subsidized
Non- Fuel, 25
60%
Subsidized
Fuel, 37

• Indonesia consumes 62 million KL of refined petroleum products per annum.

• Gap between domestic refinery production and domestic demand continues to grow 30% of refined products imported

• Fuel Subsidies continue to grow, necessitating reduction in coming years

Source: Ministry of Finance

Subsidized vs. Non Subsidized Fuel Consumpsion (%)

100% 80% 39 39 39 41 40 60% 40% 61 61 61 59 60 20%
100%
80%
39
39
39
41
40
60%
40%
61
61
61
59
60
20%
0%
2006
2007
2008
2009
2010
Subsidized
Non Subsidized

Source: Ministry of Finance

(kbpd)

1600

1200

800

400

0

Domestic Refined Products Production vs. Demand in 2012

 

1479

 

918

   

564

256

     

382

152

   

38

     

114

472

     

419

 

Production

 

Demand

Others Fuel Oil Gasolin Diesel

Others

Others Fuel Oil Gasolin Diesel

Fuel Oil

Others Fuel Oil Gasolin Diesel

Gasolin

Others Fuel Oil Gasolin Diesel

Diesel

Source: Pertamina

Reducing Fuel Subsidies is National Priority • Increasing fuel prices and demand for subsidized fuel

Reducing Fuel Subsidies is National Priority

• Increasing fuel prices and demand for subsidized fuel putting pressure on Indonesian Budget

• Fuel subsides in 2010 expected to reach Rp 92.8 trillion ( US$ 10.4 billion)

• Indonesian Government actively planning to reduce the fuel subsidies by limiting consumption of subsidized fuels

• Roadmap laid to remove subsidies in full by 2014 – opportunities for players in downstream sector

Annual Fuel Subsidies Allocation 2001 -2011 (Rp, Trillion)

180

160

140

120

100

80

60

40

20

-

160

96 93 88 73 67 62 58 40 32 32
96
93
88
73
67
62
58
40
32
32

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Source: Ministry of Finance

2010 Fuel Subsidies Allocation vs. Public Expenditure (%) Line Ministries Others, 3% Fuel Subsidy, Expenditure,
2010 Fuel Subsidies Allocation vs. Public Expenditure (%)
Line Ministries
Others, 3%
Fuel Subsidy,
Expenditure,
8%
35%
Interest
Subsidies, 19%
Payment, 10%
Non-Fuel
Subsidy, 11%
Transfer to
Region, 33%

Source: Ministry of Finance

Capitalizing on Petroleum Deregulation • In 2001, the Government allowed private player to distribute refined

Capitalizing on Petroleum Deregulation

• In 2001, the Government allowed private player to distribute refined products

• In 2005, AKR became the first private company to import and distribute non- subsidized fuel and sales volume grew from only 21,000 KL in 2005 to 1,025 k KL in 2009

• In 2009, first private company allowed to

(k KL)

1500

Petroleum Sales Volume

distribute subsidized fuel by BPH Migas for

2010

• In 2010, reappointed as the only private company to distribute subsidized fuel for 2011

1315

1200 1025 900 671 600 522 258 300 21 0 2005 2006 2007 2008 2009
1200
1025
900
671
600
522
258
300
21
0
2005 2006 2007 2008 2009
2010E
2001 Oct 2005 2006 - 2007 2008 - 2009 2010 onwards
2001 Oct 2005
2006 - 2007
2008 - 2009
2010 onwards

Legislation

1 st Private Player to import Non- subsidized fuel in Indonesia

Significant

Entry into Kalimantan and Sumatra, servicing mining and power sectors

Construction of Largest Private Petroleum Tank Terminal in Indonesia

Growth in

passed Law

growth in

Non-

on Petroleum

Sales &

Subsidized Fuel & Opportunities in Subsidized Fuel Market

Deregulation

Expansions

storage

facilities

Largest Private Distributor of Non Subsidized Fuel • AKR imports and distributes petroleum in Indonesia

Largest Private Distributor of Non Subsidized Fuel

• AKR imports and distributes petroleum in Indonesia

• Main products are High Speed Diesel, Fuel Oil, and Industrial Diesel Oil

• Customers includes mining, manufacture, power generation, plantation, and fishery industries

• Good growth prospects with increasing demand for diesel and shortages in domestic supplies

• Providing value added and customized solutions to customer requirements

added and customized solutions to customer requirements Customers Business Flow Supplier and transporter Refineries
added and customized solutions to customer requirements Customers Business Flow Supplier and transporter Refineries
Customers
Customers
Business Flow
Business Flow

Supplier and transporter

Customers Business Flow Supplier and transporter Refineries Oil Tanker AKR Corporindo Petroleum Hub Terminal

Refineries

Customers Business Flow Supplier and transporter Refineries Oil Tanker AKR Corporindo Petroleum Hub Terminal Retail

Oil Tanker

AKR Corporindo

and transporter Refineries Oil Tanker AKR Corporindo Petroleum Hub Terminal Retail Stations Small Vessel Barge

Petroleum Hub

Refineries Oil Tanker AKR Corporindo Petroleum Hub Terminal Retail Stations Small Vessel Barge Truck PT AKR

Terminal

Refineries Oil Tanker AKR Corporindo Petroleum Hub Terminal Retail Stations Small Vessel Barge Truck PT AKR

Retail Stations

Tanker AKR Corporindo Petroleum Hub Terminal Retail Stations Small Vessel Barge Truck PT AKR Corporindo Tbk
Tanker AKR Corporindo Petroleum Hub Terminal Retail Stations Small Vessel Barge Truck PT AKR Corporindo Tbk
Tanker AKR Corporindo Petroleum Hub Terminal Retail Stations Small Vessel Barge Truck PT AKR Corporindo Tbk

Small Vessel

Barge

Truck

Energy distributor with integrated infrastructure network • Pioneer in establishing key infrastructure in Indonesian

Energy distributor with integrated infrastructure network

• Pioneer in establishing key infrastructure in Indonesian ports: operates in 9 sea ports and 6 river ports

• Only private sector petroleum distributor with integrated network

• Efficient Supply Chain Management with focus on exceptional reliability, high fulfillment rates, high quality standard, competitive pricing, and top- notch service that result in a differentiating experience for customers

• Use of innovative technologies to:

• Increase productivity through integrated and automated business processes

• Reduce transportation and fuel costs through better distribution efficiency

• Improve demand planning and fulfillment to increase customer satisfaction and loyalty

Medan Medan Kalimantan Pontianak Pontianak Sumatra Sanga Sanga* Sanga Sanga* Palembang Palembang Stagen Stagen
Medan
Medan
Kalimantan
Pontianak
Pontianak
Sumatra
Sanga Sanga*
Sanga Sanga*
Palembang
Palembang
Stagen
Stagen
Banjarmasin *
Banjarmasin *
Lampung
Lampung
Jakarta
Jakarta
Tonasa *
Tonasa *
Semarang
Semarang
Eastern Part
Banten
Banten
Surabaya
Surabaya
Bandung
Bandung
Benoa Bali
Benoa Bali
Jawa
* *
Floating Storage
Floating Storage
Benoa Bali Jawa * * Floating Storage Floating Storage Terminals 509,185 KL Petroleum tanker 3,000 KL
Benoa Bali Jawa * * Floating Storage Floating Storage Terminals 509,185 KL Petroleum tanker 3,000 KL

Terminals

509,185 KL

Petroleum tanker 3,000 KL

SPOB and chartered barges 40,307 KL

Trucks Over 200 units

PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011 19
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011
19
Largest Distributor of Basic Chemicals in Indonesia Key Chemicals Caustic Soda Liquid PVC Resins Hydrochloric

Largest Distributor of Basic Chemicals in Indonesia

Key Chemicals

Caustic Soda Liquid PVC Resins Hydrochloric Acid Sodium Hypochlorite Soda Ash Dense Sodium Sulphate Sulphuric Acid Methanol Hydrogen Peroxide

Trading & Distribution

Principals

Asahimas Chemical

Solvay

Qing Dao Soda Ash

Lian Yung Gang Soda Ash

LG International

Indo Bharat Rayon

South Pacific Viscose

Ash LG International Indo Bharat Rayon South Pacific Viscose Customer Industries Rayon industry Textile industry Glass

Customer Industries

Rayon industry Textile industry Glass & construction Soaps & detergents Chemicals MSG Consumer goods Pulp & paper Others

• Raw material for production of consumer goods

– Demand growth in line with Indonesian GDP

• Long term relationship with our Principals

• Strong Supply Chain adds value to customers and Principals

• Minimum Risk :

– Stable margins

– Foreign exchange - natural hedge

4Q10E

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10

4Q10E 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 Basic Chemicals Quarterly Performance (MT) Quarterly Volume 27%

Basic Chemicals Quarterly Performance

(MT)

Quarterly Volume

27% YoY

(Rp, bn)

Quarterly Revenue

26% YoY

350

300

250

200

150

100

307

286 280 261 249 225 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10E
286
280
261
249
225
3Q09
4Q09
1Q10
2Q10
3Q10
4Q10E

560

500

440

380

320

260

200

554

488 480 446 394 380 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10E
488
480
446
394
380
3Q09
4Q09
1Q10
2Q10
3Q10
4Q10E

(Rp/kg)

2,500

2,000

1,500

1,000

500

Avg. Selling Price (Rp/kg)

2,180 1,915 1,732 1,627 1,752 1,757 1,696 1,736

7 5 2 1 , 7 5 7 1 , 6 9 6 1 , 7
7 5 2 1 , 7 5 7 1 , 6 9 6 1 , 7
7 5 2 1 , 7 5 7 1 , 6 9 6 1 , 7
Corporate Presentation Manufacturing The world’s second largest producer of Sorbitol Leading producer of wood adhesive

Corporate Presentation

Corporate Presentation Manufacturing The world’s second largest producer of Sorbitol Leading producer of wood adhesive

Manufacturing

The world’s second largest producer of Sorbitol

The world’s second largest producer of Sorbitol Leading producer of wood adhesive in Indonesia PT AKR
The world’s second largest producer of Sorbitol Leading producer of wood adhesive in Indonesia PT AKR

Leading producer of wood adhesive in Indonesia

of Sorbitol Leading producer of wood adhesive in Indonesia PT AKR Corporindo Tbk | OSK Asean
of Sorbitol Leading producer of wood adhesive in Indonesia PT AKR Corporindo Tbk | OSK Asean
Sorbitol Business – World’s Second Largest Producer • AKR through its subsidiary; Sorini and Khalista

Sorbitol Business – World’s Second Largest Producer

• AKR through its subsidiary; Sorini and Khalista is the world’s 2 nd largest Sorbitol producer

– Sorini (68.82% AKR ownership) is based in Indonesia and the preferred supplier to global FMCG companies exporting to over 78 countries

– Khalista (100% AKR ownership) is based in China and only catering domestic market

24 hours
24 hours

• Sorini has extended its production to other type of starch sweeteners as well as going up stream producing tapioca starch

• Sorini was incorporated in 1983 and listed in the Indonesian Stock Exchange since1992 with ticker code: SOBI

Sorini - Operation and production facilities Sorini Unit II (30,000MT) Production capacity by products ('000

Sorini - Operation and production facilities

Sorini - Operation and production facilities Sorini Unit II (30,000MT) Production capacity by products ('000 MT)

Sorini Unit II (30,000MT)

Production capacity by products ('000 MT)

500 400 288 245 BTJ (45,000MT) 300 200 244 245 SUMATRA 215 228 100 195
500
400
288
245
BTJ (45,000MT)
300
200
244 245
SUMATRA
215 228
100
195 195
Sorini Way Bungur (60,000MT)
90
78
30
30
-
2005
2006
2007
2008
2009
2010
Starch
Starch sweeteners
Bandar
Lampung
STBC (55,000MT)
Sorini Kedaton (30,000MT)
Surabaya
Jakarta
J A V A
SIP (30,000MT)
(30,000MT) Surabaya Jakarta J A V A SIP (30,000MT) Operational Offices Starch Sweetener Factories Starch

Operational Offices

Starch Sweetener Factories

(30,000MT) Operational Offices Starch Sweetener Factories Starch Factories Plantation Office (AAM) Sorini Pandaan

Starch Factories

Plantation Office (AAM)

Sweetener Factories Starch Factories Plantation Office (AAM) Sorini Pandaan (232,800MT) PT AKR Corporindo Tbk | OSK
Sweetener Factories Starch Factories Plantation Office (AAM) Sorini Pandaan (232,800MT) PT AKR Corporindo Tbk | OSK
Sweetener Factories Starch Factories Plantation Office (AAM) Sorini Pandaan (232,800MT) PT AKR Corporindo Tbk | OSK

Sorini Pandaan (232,800MT)

Factories Plantation Office (AAM) Sorini Pandaan (232,800MT) PT AKR Corporindo Tbk | OSK Asean Corporate Day
Sorini - Primary focus in Asia Pacific Sorbitol market share: Global – 15% Sorini is

Sorini - Primary focus in Asia Pacific

Sorbitol market share:

Global – 15% Sorini is exporting to over 78 countries Khalista caters China market Indonesia
Global –
15%
Sorini is exporting to over 78 countries
Khalista caters China market
Indonesia – 96%
China – 12%
Japan – 35%
Thailand – 50%
Malaysia – 70%
Philippines – 85%
Singapore – 60%
Vietnam – 45%
• Higher growth potential from emerging and
developing countries where households are
improving incomes and living standards
• Strategically located near the rapidly
growing and largely populated countries of
India and China
• Focused on potential markets in the Middle
East and Asia Pacific region
• Asian markets combined (including
Indonesia) contribute to over 86% of total
sales value
Indonesia) contribute to over 86% of total sales value PT AKR Corporindo Tbk | OSK Asean
Sorini - Performance 2006 - 9m10 1,600 1,400 1,200 1,000 800 600 400 320 290

Sorini - Performance 2006 - 9m10

1,600

1,400

1,200

1,000

800

600

400

320

290

260

230

200

Sales (Rpbn)

1,493 1,471 1,339 1,042 807 FY06 FY07 FY08 FY09 9m10
1,493
1,471
1,339
1,042
807
FY06
FY07
FY08
FY09
9m10

Sales Volume ('000 MT)

289 288 264 246 215 FY06 FY07 FY08 FY09 9m10
289
288
264
246
215
FY06
FY07
FY08
FY09
9m10

GrossProfit (Rpbn)

500

400

300

200

100

466 462 302 256 159
466
462
302
256
159

35.0%

30.0%

25.0%

20.0%

15.0%

10.0%

Gross Margin 32.5% 29.1% 22.3% 17.4% 18.0% FY06 3Q09 FY07 4Q09 FY08 1Q10 FY09 2Q10
Gross Margin
32.5% 29.1%
22.3%
17.4%
18.0%
FY06
3Q09
FY07
4Q09
FY08
1Q10
FY09
2Q10
9m10
3Q10

160

120

80

40

0

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

Net Profit (Rpbn)

158

142 94 67 28 FY06 FY07 FY08 FY09 9m10
142
94
67
28
FY06
FY07
FY08
FY09
9m10
Return on Equity 27.9% 18.8% 17.6% 12.8% 8.6% 3Q09 4Q09 1Q10 2Q10 3Q10
Return on Equity
27.9%
18.8%
17.6%
12.8%
8.6%
3Q09
4Q09
1Q10
2Q10
3Q10
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011 26
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011
26
Khalista – Catering Domestic Sorbitol Market in China • AKR through subsidiary, Khalista (100% ownership),

Khalista – Catering Domestic Sorbitol Market in China

Khalista – Catering Domestic Sorbitol Market in China • AKR through subsidiary, Khalista (100% ownership), is

• AKR through subsidiary, Khalista (100% ownership), is a leading Sorbitol producer in China

• Khalista, commenced operation in 1995, has a installed capacity of 120,000 MT p.a. and is supplying to consumer goods companies in China

• Main products includes Sorbitol Solution, Maltitol Solution, Mannitol Solution

• Khalista performance has been improving and we expect to have a positive bottom line in 2011

• We are increasing volumes and continue implementing various measures to improve profitability

(MT)

20,000

15,000

10,000

(Rp, bn)

70,000

60,000

50,000

40,000

Quarterly Volume

19,651 16,907 16,577 15,554 14,356 -14% YoY 3Q09 4Q09 1Q10 2Q10 3Q10
19,651
16,907
16,577
15,554
14,356
-14% YoY
3Q09
4Q09
1Q10
2Q10
3Q10

Quarterly Revenue

70,540 69,950 68,816 1% YoY 63,033 58,444 3Q09 4Q09 1Q10 2Q10 3Q10
70,540
69,950
68,816
1% YoY
63,033
58,444
3Q09
4Q09
1Q10
2Q10
3Q10
Aruki – Leading Wood Adhesive Producer in Indonesia • AKR through subsidiary ,PT Arjuna Utama

Aruki – Leading Wood Adhesive Producer in Indonesia

Aruki – Leading Wood Adhesive Producer in Indonesia • AKR through subsidiary ,PT Arjuna Utama Kimia
Aruki – Leading Wood Adhesive Producer in Indonesia • AKR through subsidiary ,PT Arjuna Utama Kimia

• AKR through subsidiary ,PT Arjuna Utama Kimia or Aruki (99.99% owned by AKR), is a leading Wood Adhesive producer in Indonesia

• Established in 1975, Aruki is serving both local and export market.

• In 2007, AKR acquired 65% stake from Mitsui Chemicals to increase its shareholding to 99.99%

• Aruki contributes nearly to 10% of AKR’s net profit in 2009 and 2010

• Main products includes wood adhesive (90%) and paper chemicals (10%)

• Product applications:

– Plywood

– Block Board

– Particle Board

– MDF Board

– Wood working

– Wood Furniture

– Paper Making

Corporate Presentation Other Businesses Synergy from strategic investments in infrastructure and energy related sector PT

Corporate Presentation

Corporate Presentation Other Businesses Synergy from strategic investments in infrastructure and energy related sector PT

Other Businesses

Synergy from strategic investments in infrastructure and energy related sector

Location of coal mining concessions - North Barito District* Muaratewe River port
Location of coal mining
concessions - North
Barito District*
Muaratewe
River port

Coal Mining as a Strategic Investment

• In 2009, AKR acquired 87.5% stake in PT Anugrah Karya Raya, a holding company with 5 coal mining concessions in the North Barito District, Kalimantan (Borneo) with a total area approximately 24,388 Ha

• Expected to mine medium calorific value coal with low sulphur content

• The coal mining concessions are located nearby AKR’s Muaratewe river port

• Potential markets:

– Indonesian customers

– Export to AKR’s Guigang Port in China for sale to Chinese customers after blending

• As with other Indonesian coal producers, majority of capital expenditure for production in the future would be funded by mining contractors

Liuzhou Guigang China River Ports: As a Hub of South West China • River Ports
Liuzhou Guigang China River Ports: As a Hub of South West China • River Ports
Liuzhou Guigang
Liuzhou
Guigang

China River Ports: As a Hub of South West China

• River Ports in Pearl River in Guigang City, Guangxi Province, China, acquired in 2006

• The ports are the largest port in Pearl River, and the 13 th largest river port in China

• Modernization of facilities completed to efficiently handle containers, coal, cement, paper and other bulk cargo

• Current Capacity includes

– Container

– General cargo : 1,500,000 MT pa

: 5,900,000 MT pa

– Bulk cargo

: 140,000 TEU pa

• Profitable Operations; China Ports contributed nearly 10% of Consolidated profits in 2009

Corporate Presentation Consolidated Financial Statements 9 months ended 30th September 2010 PT AKR Corporindo Tbk

Corporate Presentation

Corporate Presentation Consolidated Financial Statements 9 months ended 30th September 2010 PT AKR Corporindo Tbk |

Consolidated Financial Statements

9 months ended 30th September 2010

Sales Volumes Segment UOM 9M10 9M09 Inc (Dec) Trading & Distribution Petroleum Basic Chemical KL
Sales Volumes
Segment
UOM
9M10
9M09
Inc (Dec)
Trading & Distribution
Petroleum
Basic Chemical
KL
950,691
705,170
35%
MT
826,828
655,372
26%
Manufacturing
Indonesia
MT
317,352
257,778
23%
China
MT
46,817
49,020
-4%
Bulk Logistic
Indonesia
MT
5,376,498
4,478,948
20%
China
MT
3,228,106
2,936,042
10%
Container Logistic
Indonesia
TEUs
143,070
148,194
-3%
China
TEUs
33,142
32,412
2%

9M10 Revenue Breakdown

9M09 Revenue Breakdown

Logistic, 3% Logistic, 4% Basic Basic Chemicals, Chemicals, 17% 20% Petroleum, Manufacturing Petroleum, 53% ,
Logistic, 3%
Logistic, 4%
Basic
Basic
Chemicals,
Chemicals,
17%
20%
Petroleum,
Manufacturing
Petroleum,
53%
, 20%
60%
Manufacturing
, 23%
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011
33
Income Statements in IDR Billion 9M10 9M09 Inc (Dec) Net Sales Gross Profit Operating Profit

Income Statements

in IDR Billion

9M10

9M09

Inc (Dec)

Net Sales Gross Profit Operating Profit Net Profit before Tax Net Profit EPS ( Full Amount)

8,538

6,307

35%

680

720

-6%

320

427

-25%

317

347

-9%

225

192

17%

61.3

61.4

0%

Key Ratio (%) Gross Margin Operating Margin Net Margin ROE ROA

8.0%

11.4%

3.8%

6.8%

2.6%

3.0%

12.6%

15.3%

4.2%

4.6%

(Rp, bn)

3,500

3,000

2,500

2,000

1,500

1,000

Quarterly Revenue

40% YoY

3,317

2,500 2,000 1,500 1,000 Quarterly Revenue 40% YoY 3,317 2 , 6 5 3 2,789 2,371

2,653

1,500 1,000 Quarterly Revenue 40% YoY 3,317 2 , 6 5 3 2,789 2,371 2,433 3Q09

2,789

1,000 Quarterly Revenue 40% YoY 3,317 2 , 6 5 3 2,789 2,371 2,433 3Q09 4Q09

2,371

2,433

Revenue 40% YoY 3,317 2 , 6 5 3 2,789 2,371 2,433 3Q09 4Q09 1Q10 2Q10
Revenue 40% YoY 3,317 2 , 6 5 3 2,789 2,371 2,433 3Q09 4Q09 1Q10 2Q10

3Q09

4Q09

1Q10

2Q10

3Q10

(Rp, bn)

Quarterly Net Profit

4% YoY

90

70

50

30

81

83

85

70 71
70 71
70 71
70 71
70 71
70 71
70 71
70 71
70 71

70

70 71
70 71
70 71

71

70 71
70 71
70 71
70 71
70 71
70 71

3Q09

4Q09

1Q10

2Q10

3Q10

PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011 34
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011
34
Balance Sheets In Rp Billion 9M10 9M09 Cash & Cash Equivalent Receivables Inventories Fixed Assets
Balance Sheets
In Rp Billion
9M10
9M09
Cash & Cash Equivalent
Receivables
Inventories
Fixed Assets
Other Assets
Total Assets
578
493
1,797
1,138
1,079
599
2,947
2,652
810.47
722.22
7,211
5,604
Payable
Total Debt
Other Liabilities
Total Liabilities
1,786
1,214
2,257
1,944
322
300
4,365
3,458
Minority Interest
Total Equity
Total Liabilities & Equity
470
474
2,376
1,672
7,211
5,604
Key Ratio
Receivable Days
Inventory Days
Payable Days
Net Gearing (x)
54
46
38
29
54
49
0.71
0.88
Working Capital & Net Gearing Working Capital Turnover N e t G e a r

Working Capital & Net Gearing

Working Capital Turnover

Net Gearing

(Days)

65

60

55

50

45

40

35

30

25

20

60 54 53 52 54 46 51 45 49 42 41 44 41 39 39
60
54
53
52
54
46
51
45
49
42
41
44
41
39
39
38
34
35
33
32
29
3M09 6M09 9M09
12M09 3M10 6M10 9M10

Receivable Days38 34 35 33 32 29 3M09 6M09 9M09 12M09 3M10 6M10 9M10 Payable Days Inventory

Payable Days32 29 3M09 6M09 9M09 12M09 3M10 6M10 9M10 Receivable Days Inventory Days (x) 1.20 1.10

Inventory Days6M09 9M09 12M09 3M10 6M10 9M10 Receivable Days Payable Days (x) 1.20 1.10 1.00 0.90 0.80

(x)

1.20

1.10

1.00

0.90

0.80

0.70

0.60

0.50

0.40

1.12

Days (x) 1.20 1.10 1.00 0.90 0.80 0.70 0.60 0.50 0.40 1.12 0.88 0.64 0.79 0.76

0.88

(x) 1.20 1.10 1.00 0.90 0.80 0.70 0.60 0.50 0.40 1.12 0.88 0.64 0.79 0.76 0.64
0.64
0.64

0.79

0.76

1.00 0.90 0.80 0.70 0.60 0.50 0.40 1.12 0.88 0.64 0.79 0.76 0.64 0 . 7

0.64

0.71

0.70 0.60 0.50 0.40 1.12 0.88 0.64 0.79 0.76 0.64 0 . 7 1 3M09 6M09

3M09

6M09

9M09

12M09

3M10

Loan Breakdown

6M10

9M10

Entity

Loan (Rp Bio)

%

AKR

660

29%

Usaha Era Nusa Pratama

3

0%

Guigang Ports

312

14%

Khalista

19

1%

Total Debt - Without Sorini & JTT

994

44%

Jakarta Tank Terminal (JTT)

491

22%

Total Debt - Without Sorini

1,485

66%

Sorini

772

34%

Total Debt

2,257

100%

Capital Expenditure 2010-11 Location Type of Assets Add. Capacity Petroleum Terminals Palembang tanks 6,000 KL

Capital Expenditure 2010-11

Location

Type of Assets

Add. Capacity

Petroleum Terminals

Palembang

tanks

6,000 KL

Gabion, North Sumatra

tanks

10,000 KL

Stagen, South Kalimantan

tanks

30,000 KL

Pontianak, West Kalimantan

tanks

19,000 KL

Nilam Utara, East Jawa

jetty

65,000 DWT

Transportation Units

Trucks

Petroleum vessels

To fund part of the long term working capital and capital expenditure plans, raised Rp 531 billion (net) through Rights Issue in 1Q10

raised Rp 531 billion (net) through Rights Issue in 1Q10 S i t e P l
raised Rp 531 billion (net) through Rights Issue in 1Q10 S i t e P l
raised Rp 531 billion (net) through Rights Issue in 1Q10 S i t e P l

Site Plan

Tank No. 12

Tank No. 13

PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011 37
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011
37
Outlook & Strategies 2010 Chemicals • Strong domestic demand for basic chemicals from consumer industries

Outlook & Strategies 2010

Chemicals

• Strong domestic demand for basic chemicals from consumer industries arising from robust GDP growth in Indonesia

• We expect 2010 Sales Volume to grow by 20% compared to last year

Petroleum

• Increase Sales Volume growth in key sectors including mining, power generation, bunker, etc

• Further expansion in Tank storage to support growth

• Optimizing through-puts and improving capacity utilization

• New market exploration: Eastern Indonesia and other sectors

• Opportunities from subsidized fuel segment deregulation

Manufacture (Sorini)

• Continue focusing on the Domestic market to increase sales volume

• Closely reviewing raw material purchasing and selling price

• Increasing sales of Starch Sweeteners from the new capacities

• Restructuring and improving efficiencies in the Starch plants

• Increasing production capacity of Starch and its utilization facilities

Corporate Structure and shareholding PT Arthakencana Rayatama 59.24% ( 2 ) Public 40.76% (2) Trading

Corporate Structure and shareholding

PT Arthakencana Rayatama
PT Arthakencana
Rayatama

59.24% (2)

Public 40.76% (2)
Public
40.76% (2)
PT Arthakencana Rayatama 59.24% ( 2 ) Public 40.76% (2) Trading and Distribution 100.0% Manufacturing Logistics
PT Arthakencana Rayatama 59.24% ( 2 ) Public 40.76% (2) Trading and Distribution 100.0% Manufacturing Logistics
PT Arthakencana Rayatama 59.24% ( 2 ) Public 40.76% (2) Trading and Distribution 100.0% Manufacturing Logistics
PT Arthakencana Rayatama 59.24% ( 2 ) Public 40.76% (2) Trading and Distribution 100.0% Manufacturing Logistics
PT Arthakencana Rayatama 59.24% ( 2 ) Public 40.76% (2) Trading and Distribution 100.0% Manufacturing Logistics
Trading and Distribution
Trading and Distribution

100.0%

Manufacturing
Manufacturing
Logistics
Logistics
Indonesia China
Indonesia
China

PT Sorini Agro Asia Corporindo Tbk.

50.1% 70.0% (1) 65.0% 99.99%
50.1%
70.0% (1)
65.0%
99.99%

PT Sorini Towa Berlian Corporindo

PT Saritanam Pratama
PT Saritanam
Pratama
PT Agro Asia Manunggal
PT Agro Asia
Manunggal
PT Bumi Tapioka Jaya
PT Bumi Tapioka
Jaya
Indonesia 99.99% PT Usaha Era Nusa Pratama 99.99% PT Andahanesa Abadi 51.0% PT Jakarta Tank
Indonesia
99.99%
PT Usaha Era Nusa
Pratama
99.99%
PT Andahanesa
Abadi
51.0%
PT Jakarta Tank
Terminal
87.5%
PT Anugrah Karya Raya
PT Anugrah Karya
Raya

China

93.98%

AKR Guigang

Guangxi Container Port

100.0%

AKR Guigang Port Co

78.0%

AKR Guigang Transshipment Port

100.0%

AKR Guigang Coal Trading

PT Arjuna Utama Kimia Khalista (Liuzhou) Chemical Industries Ltd
PT Arjuna Utama Kimia
Khalista (Liuzhou)
Chemical Industries Ltd

99.96%

68.82% (2)

Free float >40% - AKR eligible for 5% reduction in corporate tax rate

(1)

PT AKR Corporindo Tbk also owns 30% directly in PT Saritanam Pratama

(2)

Shareholding as of 30 th Novemberl 2010

Increasing Shareholder Value Source: Financial Time (3 January 2011) AKRA Share Performance 1 Week 1

Increasing Shareholder Value

Source: Financial Time (3 January 2011)

AKRA
AKRA

Share Performance

1 Week

1 Month 6 Months

1 Year

5 Years

AKR Corporindo Tbk PT JSX COMPOSITE INDEX

2.40%

8.23%

66.02%

54.17%

501.27%

2.99%

1.01%

29.76%

47.32%

215.15%

 

Cash Dividend

Year

per Share

(Rp)*

Net Profits

(Rp Mio)

Dividend

(Rp Mio)

Payout

Ratio

2004

8

76,117

24,960

32.8%

2005

12

119,289

37,440

31.4%

2006

13

128,084

40,560

31.7%

2007

19

191,208

59,379

31.0%

2008

21

210,033

65,633

31.2%

2009

25

274,718

94,591

34.4%

2010**

30

225,341***

113,790

na

*adjusted with a 1: 5 stock split

** Interim dividend payable on 9 Dec 2010

Consistent dividend payout ratio above 30% since 2004

Rights Issue and divestment of Majority shareholder’s shareholding has resulted in enhancement of the stock’s liquidity

AKR will continue the efforts to increase shareholders value, including by way of investing in fast growing businesses (i.e. petroleum distribution)

** 9M10 net profit PT AKR Corporindo Tbk | OSK Asean Corporate Day – January
** 9M10 net profit
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011
40
Thank You Please visit us at www.akr.co.id Mailing address: PT AKR Corporindo Tbk. Wisma AKR,
Thank You Please visit us at www.akr.co.id Mailing address: PT AKR Corporindo Tbk. Wisma AKR,
Thank You Please visit us at www.akr.co.id Mailing address: PT AKR Corporindo Tbk. Wisma AKR,
Thank You Please visit us at www.akr.co.id Mailing address: PT AKR Corporindo Tbk. Wisma AKR,

Thank You

Please visit us at www.akr.co.id

Mailing address:

PT AKR Corporindo Tbk. Wisma AKR, 8 th Floor Jl. Panjang no.5, Kebon Jeruk Jakarta 11530 Indonesia

Contacts:

V Suresh Director – AKR Corporindo Tbk. e-mail suresh.vembu@akr.co.id ph +62 21 531 1177

Teguh Sunyoto Investor Relations Manager AKR Corporindo Tbk. e-mail teguh.sunyoto@akr.co.id ph +62 21 531 1110 cell +62 8128255911

Disclaimer: This communication is solely for the addressee(s) and may contain confidential or privileged information. This publication

does not have regard to specific investment objectives, financial situation and the particular needs of any specific person or entity who may receive this report. Accordingly, neither we nor any of our affiliates nor persons related to us accept any liability whatsoever for any direct, indirect or consequential losses or damages that may arise from the use of information or opinions in this publication. Many factors, including those discussed more fully elsewhere in this release and in PT AKR Corporindo Tbk Or its affiliates' filings with the

respective regulatory authorities particularly their quarterly financial statements,

others, could cause results to differ materially from those stated. Opinions expressed may be subject to change without notice. Please contact us if you do not wish to receive these communications in the future.

annual reports, corporate presentations as well as

PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011 41
PT AKR Corporindo Tbk | OSK Asean Corporate Day – January 2011
41