FREN Smartfren Telecom Tbk.

COMPANY REPORT : FEBRUARY 2013

Main Board
Industry Sector : Infrastructure, Utilities & Transportation (7)
Industry Sub Sector : Telecommunication (73)

As of 28 February 2013
:
5.111
Individual Index
17,795,870,091
:
Listed Shares
1,637,220,048,372
Market Capitalization :

201 | 1.60T | 0.04% | 96.97%

123 | 1.18T | 0.11% | 93.36%

COMPANY HISTORY
Established Date : 16-Dec-2002
Listing Date
: 29-Nov-2006
Under Writer IPO :
PT Bhakti Securities
PT CIMB-GK Securities Indonesia
PT Danareksa Sekuritas
Securities Administration Bureau :
PT Sinartama Gunita
Plaza BII Menara 1, 9th Fl.
Jln. M.H. Thamrin No. 51 Jakarta 10350
Phone : 392-2332
Fax
: 392-3003
BOARD OF COMMISSIONERS
1. Sofjan Wanandi
2. Drs. Endro Agung Partoyo
3. Handra Karnadi
4. Ir. Gandi Sulistiyanto Soeherman
5. Reynold Manahan Batubara
6. Sarwono Kusumaatmadja
*) Independent Commissioners
BOARD OF DIRECTORS
1. Rodolfo Paguia Pantoja
2. Antony Susilo
3. Lim Juliana Dotulong
4. Marco Paul Iwan Sumampouw
5. Merza Fachys
6. Yopie Widjaya
AUDIT COMMITTEE
1. Reynold M. Batubara
2. Andreas Bahana
3. Prof. Wahjudi Prakarsa
CORPORATE SECRETARY
James Wewengkang
HEAD OFFICE
Kantor Smartfren
Jln. H. Agus Salim No. 45 Menteng - Sabang
Jakarta - 10340
Phone : (021) 319-22255
Fax
: (021) 315-6853
Homepage
Email

: www.mobile-8.com
: corpsec.division@smartfren.com

SHAREHOLDERS (February 2013)

1. PT Wahana Inti Nusantara
2. PT Global Nusa Data
3. PT Bali Media Telekomunikasi
4. Public (<5%)

5,839,300,400
4,415,700,542
4,288,319,438
3,252,549,711

DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year Shares Dividend Cum Date
-

Ex Date

Recording
Date

:
:
:
:

32.81%
24.81%
24.10%
18.28%

Payment
F/I
Date

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.

Type of Listing
First Issue
Company Listing
Additional Listing (Merger)
Warrant

Additional Listing without Right Issue

Shares
3,900,000,000
15,685,360,160
43,045,567
607,466,700
12,797,783,900
4,002,357,107
5,844,866,826
75,684,753,658
52,500,000
21,000,000
13
9

Reverse Stock

-112,707,177,243

Additional Listing without Right Issue

Additional Listing without Right Issue
Additional Listing without Right Issue

Right Issue
Additional Listing without Right Issue
Additional Listing without Right Issue
Additional Listing without Right Issue

Listing
Date
29-Nov-06
29-Nov-06
04-Jun-07
05-Sep-07
08-Dec-09
05-Jul-10
22-Nov-10
20-Jan-11
23-May-11
27-Oct-11
16-Feb-12
16-Feb-12
16-Feb-12

Trading
Date
29-Nov-06
15-Jul-07
04-Jun-07
05-Sep-07
08-Dec-09
05-Jul-10
22-Nov-10
20-Jan-11
23-May-11
27-Oct-11
16-Feb-12
16-Feb-12
16-Feb-12

FREN Smartfren Telecom Tbk.

Closing
Price*

Closing Price
Volume
(Mill. Sh)

640

4,800

560

4,200

480

3,600

400

3,000

320

2,400

240

1,800

160

1,200

80

600

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Closing Price*, Jakarta Composite Index (IHSG) and

Infrastructure, Utilities and Transportation Index
January 2009 - February 2013

Month
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09

High
50
50
50
72
93
68
60
57
54

Low
50
50
50
51
52
57
52
51
50

Close
50
50
50
50
50
50
53
63
59
54
52
50

Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

50
50
52
50
50
53
50
50
50
53

50
50
50
50
50
50
50
50
50
50

50
50
50
50
50
50
50
50
50
50
50
50

Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

50
50
50
50
50
50
50
50
50
50
50
50

50
50
50
50
50
50
50
50
50
50
50
50

Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

50
305
98
159
127
102
108
98
98
119
107
97

Jan-13
Feb-13

99
99

Volume
Value
Freq.
(X) (Thou. Sh.) (Million Rp)

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Smartfren Telecom Tbk.
January 2009 - February 2013

51
2,197
46
8,010
20
1,696
23,268 4,106,011
71,217 14,506,398
26,266 4,132,596
26,589 3,410,428
18,731 6,599,961
6,294
999,719

96
374
69
243,480
1,057,779
256,101
188,871
359,864
50,806

13
18
7
16
20
18
22
20
19

1,350
255
6,035
348
129
5,186
296
117
39
4,750

95,956
52,398
771,968
65,375
46,224
2,093,757
61,067
44,513
28,565
633,610

4,678
2,244
38,639
3,007
1,914
105,335
2,802
2,123
1,397
31,835

20
19
13
21
19
22
22
21
6
5

50
50
50
50
50
50
50
50
50
50
50
50

742
204
171
153
213
657
210
145
110
108
77
106

83,997
17,748
217,450
36,210
56,699
253,115
54,556
34,273
77,146
28,346
1,409,853
40,697

3,645
737
10,642
1,382
2,222
9,569
2,235
1,246
2,764
1,008
70,294
1,478

21
17
23
20
21
20
21
18
18
21
17
18

50
50
65
65
93
83
91
80
78
84
92
82

50
90
66
119
96
92
95
84
92
103
96
84

527
30,748
47,055
38,252
27,464
8,396
9,910
4,277
9,083
30,064
11,142
5,667

245,636
2,366,886
1,470,955
2,603,953
1,132,911
229,620
390,815
96,781
380,198
1,800,637
556,194
234,065

9,472
235,991
127,832
308,938
126,607
20,967
39,620
8,747
33,694
187,996
55,274
21,085

21
21
21
20
21
21
22
19
20
22
20
18

85
89

90
92

7,948
5,915

342,130
335,609

31,390
31,386

21
20

250%
233.7%
200%
150%
100%

90.5%

50%
-50%
-77.0%
-100%
-150%

Jan 09

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

33,767
2,157
172
153

3,893
194
19
168

2,310
107
3
235

11,509
1,176
223
246

678
63
14
41

93
50
50
400

53
50
50
400

50
50
50
400

305
50
84
84

99
85
92
92

-2.28
-1.53
PER (X)
7.19
14.36
PER Industry (X)
2.08
-17.94
PBV (X)
* Adjusted price after corporate action

-2.47
11.09
1.81

-1.66
17.53
0.31

-1.82
15.84
0.34

Price (Rupiah)
High
Low
Close
Close*

2012 Feb-13

FREN Smartfren Telecom Tbk.

Financial Data and Ratios
Public Accountant : Mulyamin Sensi Suryanto & Lianny (Member of Moore Stephens International Ltd.)
Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

Cash & Cash Equivalents

23,734

23,839

20,713

227,343

115,364

Receivable

24,568

16,428

58,016

59,298

80,798

Inventories

81,876

32,590

216,081

186,834

245,133

743,951

539,174

446,531

794,529

677,042

Fixed Assets

3,613,932

3,505,513

3,337,593

8,872,642

9,856,478

Other Assets

11,092

344,566

264,750

160,308

81,597

Total Assets

4,797,892

4,756,935

BALANCE SHEET
(Million Rp except Par Value)

Book End : December

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

Liabilities

15,000
12,000

Current Assets

4,483,610 12,296,579 13,827,486

-0.85%

-5.75%

174.26%

12.45%

1,122,146

1,269,211

2,075,185

3,099,634

2,820,427

Long Term Liabilities

2,948,428

2,695,192

2,527,907

5,927,973

6,174,345

Total Liabilities

4,070,574

3,964,402

4,603,093

9,027,607

8,994,772

-2.61%

16.11%

96.12%

-0.36%

Growth (%)

9,000
6,000
3,000
-

Current Liabilities

Growth (%)

2008

2009

2010

2011

Sep-12

TOTAL EQUITY (Billion Rupiah)

4,833

Minority Interest

Authorized Capital

6,000,000

8,000,000 12,600,000 12,600,000 12,600,000

Paid up Capital

2,023,587

2,663,476

3,155,838

6,943,750

8,130,142

20,236

33,034

42,881

118,639

7,805

100

100 & 50

100 & 50

Paid up Capital (Shares)

4,833

3,842

3,269

2,852

Par Value
Retained Earnings
Total Equity

100 & 50 2000 & 1000

-1,871,648 -2,596,044 -4,002,022 -6,401,958 -7,416,576

727,318

Growth (%)

792,532

-119,483

3,268,972

4,832,713

8.97%

N/A

N/A

47.84%

1,861

793

727
871

2010

INCOME STATEMENTS

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

Total Revenues

731,831

368,969

376,511

954,331

1,109,773

-49.58%

2.04%

153.47%

1,044,478

1,243,898

3,175,959

Growth (%)
Expenses
Gross Profit

1,134,882
-403,051

-675,509

1,134,882

1,044,478

-119

2008

2009

-119

2011

Sep-12

TOTAL REVENUES (Billion Rupiah)

2,294,636

1,110

-867,386 -2,221,628 -1,184,863

1,110

Operating Expenses
Operating Profit

-403,051

Growth (%)

1,243,898

3,175,959

2,294,636

-675,509

-867,386 -2,221,628 -1,184,863

-67.60%

-28.40%

954
883

732

-156.13%
657

Other Income (Expenses)

Income before Tax
Tax

-775,442
-1,178,493

835

-496,377

-427,867

-129,301

-674,674 -1,363,764 -2,649,495 -1,314,164

-109,625

49,722

38,050

-249,247

-299,378

431

369

377

2009

2010

204

Minority Interest
Net Income

-1,068,868

RATIOS
Current Ratio (%)
Dividend (Rp)

-724,396 -1,401,813 -2,400,248 -1,014,785

-93.51%

-71.22%

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

66.30

42.48

21.52

25.63

24.00

-52.82

-21.93

-32.69

-20.23

-130.01

BV (Rp)

35.94

23.99

-2.79

27.55

619.15

DAR (X)

0.85

0.83

1.03

0.73

0.65

EPS (Rp)

5.60

5.00

-38.53

2.76

1.86

ROA (%)

-24.56

-14.18

-30.42

-21.55

-9.50

ROE (%)

-162.03

-85.13

1,141.39

-81.05

-27.19

GPM (%)

-55.07

-183.08

-230.37

-232.79

-106.77

OPM (%)

-55.07

-183.08

-230.37

-232.79

-106.77

NPM (%)

DER(X)

-22

2008

32.23%

Growth (%)

2011

Sep-12

NET INCOME (Billion Rupiah)

2008

2009

2010

2011

Sep-12

-288

-816

-146.05

-196.33

-372.32

-251.51

-91.44

Payout Ratio (%)

Yield (%)

-724
-1,344

-1,015

-1,069
-1,402

-1,872

-2,400

-2,400