AISA Tiga Pilar Sejahtera Food Tbk.

[S]
COMPANY REPORT : FEBRUARY 2013
Development Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Food And Beverages (51)

As of 28 February 2013
:
158.230
Individual Index
2,926,000,000
:
Listed Shares
3,803,800,000,000
Market Capitalization :

155 | 3.34T | 0.08% | 94.44%

80 | 2.75T | 0.25% | 86.18%

COMPANY HISTORY
Established Date : 26-Jan-1990
Listing Date
: 11-Jun-1997
Under Writer IPO :
PT Trimegah Securindolestari
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. Anton Apriantono
2. Bondan Haryo Winarno *)
3. Haryadi *)
4. Hengky Koestanto
5. Kang Hongkie Widjaja
*) Independent Commissioners
BOARD OF DIRECTORS
1. Stefanus Joko Mogoginta
2. Achmad Subchan
3. Budhi Istanto Suwito
4. Jo Tjong Seng
AUDIT COMMITTEE
1. Haryadi
2. Sri Wahyuni
3. Trisnawan Widodo
CORPORATE SECRETARY
Yulianni Liyuwardi
HEAD OFFICE
Alun Graha Lt. 1
Jln. Prof. Dr. Soepomo No. 233
Jakarta Selatan - 12820
Phone : (021) 831-8775, 579-56768
Fax
: (021) 835-1215
Homepage
Email

: www.tigapilar.com
: yulianni.l@tigapilar.com
vito.p@tigapilar.com
firman.k@tigapilar.com

SHAREHOLDERS (February 2013)

1. PT Raiffeisen Bank Int'l AG, Spore Br S/A
2. PT Raiffeisen Bank Int'l AG, Spore Br S/A
3. Primanex Pte Ltd
4. Public (<5%)
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year Shares Dividend Cum Date
1996
60.00
21-Jul-97
6.50 28-Aug-12
2011
2011
6.50 28-Aug-12

Ex Date
22-Jul-97
29-Aug-12
29-Aug-12

815,000,000
296,100,000
228,000,000
1,586,900,000

Recording
Date
30-Jul-97
31-Aug-12
31-Aug-12

:
:
:
:

27.85%
10.12%
7.79%
54.23%

Payment
Date
30-Aug-97
14-Sep-12
14-Sep-12

F/I
F
F
F

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.

Type of Listing
First Issue
Company Listing
Additional Listing
Right Issue
CB Conversion
Right Issue
Right Issue

Shares
45,000,000
90,000,000
230,000,000
547,500,000
132,500,000
627,000,000
1,254,000,000

Listing
Date
11-Jun-97
11-Jun-97
11-Nov-02
20-Nov-03
01-Dec-03
30-May-08
22-Dec-11

Trading
Date
11-Jun-97
14-Jan-98
11-Nov-02
20-Nov-03
01-Dec-03
30-May-08
22-Dec-11

AISA Tiga Pilar Sejahtera Food Tbk. [S]

TRADING ACTIVITIES

Closing Price* and Trading Volume

Tiga Pilar Sejahtera Food Tbk. [S]
January 2009 - February 2013

Closing Price
Volume
(Mill. Sh)

1,400

400

1,225

350

1,050

300

875

250

700

200

525

150

350

100

175

50

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Closing Price*, Jakarta Composite Index (IHSG) and

Consumer Goods Industry Index
January 2009 - February 2013

Low
375
360
350
365
380
385
400
405
405
360
330
295

Close
395
385
375
405
425
425
445
420
410
375
350
360

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

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
425
400
390
415
435
445
445
460
440
410
375
360

Day

Closing
Price*

698
744
899
1,354
2,122
2,938
2,399
2,780
2,060
2,735
87
46

20,533
22,244
27,710
37,915
52,045
71,285
69,682
83,335
58,041
72,886
1,069
262

8,198
8,568
10,297
14,733
21,196
30,003
29,449
35,590
24,591
28,497
385
90

19
20
20
20
20
22
21
20
18
22
10
13

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

355
340
350
420
500
570
610
660
670
660
660
860

300
305
300
325
385
455
450
530
530
560
580
570

345
340
345
410
500
520
590
610
640
580
630
780

178
9
142
425
2,621
7,058
7,220
9,206
8,171
4,215
8,309
21,014

713
122
856
4,648
69,029
110,013
93,006
86,755
89,635
38,515
89,152
229,637

226
40
280
1,788
32,855
56,475
48,109
52,815
51,001
23,659
53,463
167,539

6
4
13
19
19
22
22
21
17
21
21
20

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

800
800
820
830
750
710
810
810
790
700
720
700

630
720
670
720
620
630
650
600
640
580
640
440

720
740
800
750
620
660
760
750
670
650
680
495

8,267
5,122
16,779
12,937
11,189
9,445
20,142
20,871
13,027
15,035
9,489
20,718

327,773
43,130
179,589
170,283
151,336
130,412
357,597
292,932
141,512
131,923
106,521
1,060,303

216,272
32,918
130,203
126,124
93,224
81,864
265,447
193,460
102,392
86,396
72,072
580,293

21
18
23
20
21
20
21
19
20
21
22
21

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

495
510
540
720
710
660
770
740
740
930
1,190
1,230

440
455
460
495
540
500
600
640
620
720
840
1,000

475
470
510
710
570
610
720
660
730
900
1,190
1,080

20,170
14,504
11,672
12,666
10,433
7,895
14,533
7,647
6,217
11,571
13,261
11,718

335,280
391,849
466,046
471,262
433,867
331,303
473,183
167,270
187,362
320,282
343,439
418,848

159,389
155,352
187,999
275,197
258,073
185,198
321,889
115,331
123,517
250,926
302,572
412,702

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

Jan-13
Feb-13

1,220
1,330

1,030
1,100

1,140
1,300

13,140
12,932

254,343
298,963

276,548
351,914

21
20

Month

420%
397.2%
360%
300%
238.5%
233.7%

240%
180%
120%
60%
-60%

Jan 09

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

2012 Feb-13

Volume (Million Sh.)

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

517
212
19
225

812
488
69
205

3,093
1,981
163
247

4,340
2,748
142
246

553
628
26
41

Price (Rupiah)
High
Low
Close
Close*

460
295
360
329

860
300
780
713

830
440
495
495

1,230
440
1,080
1,080

1,330
1,030
1,300
1,300

15.93
17.19
PER (X)
20.07
16.41
PER Industry (X)
1.40
2.27
PBV (X)
* Adjusted price after corporate action

9.66
16.22
0.79

12.11
19.75
1.60

14.58
21.70
1.93

AISA Tiga Pilar Sejahtera Food Tbk. [S]

Financial Data and Ratios
Public Accountant : RSM Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)
Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

Cash & Cash Equivalents

20,279

20,494

15,427

634,673

252,020

Receivable

83,858

145,080

163,024

474,549

606,999

Inventories

195,362

234,690

424,332

331,899

514,985

Current Assets

322,793

434,645

666,009

1,726,581

1,662,550

Fixed Assets

559,524

543,788

520,043

933,668

1,074,871

Other Assets

544

1,827

6,279

2,003

Total Assets

1,016,958

1,347,036

1,936,949

3,590,309

3,820,679

32.46%

43.79%

85.36%

6.42%

364,579

370,659

518,294

911,836

1,136,540

Long Term Liabilities

261,335

547,511

828,587

845,656

708,638

Total Liabilities

625,913

918,170

1,346,881

1,757,492

1,845,178

46.69%

46.69%

30.49%

4.99%

389

424

14,306

Authorized Capital

998,000

998,000

998,000

998,000

998,000

Paid up Capital

374,900

374,900

374,900

374,900

625,700

BALANCE SHEET
(Million Rp except Par Value)

Book End : December

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

Liabilities

3,875
3,100

Growth (%)

2,325
1,550
775
-

Current Liabilities

Growth (%)

2008

2009

2010

2011

Sep-12

TOTAL EQUITY (Billion Rupiah)

1,976

Minority Interest

Paid up Capital (Shares)

1,672

1,672

1,672

1,672

2,926

500 & 200

500 & 200

500 & 200

500 & 200

500 & 200

1,833

1,976

1,572

1,169

Par Value
Retained Earnings
Total Equity

-131,251

-93,464

-18,109

108,797

247,445

390,656

428,442

575,763

1,832,817

1,975,501

9.67%

34.39%

218.33%

7.78%

Growth (%)
INCOME STATEMENTS

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

Total Revenues

489,172

533,194

705,220

1,752,802

1,952,519

9.00%

32.26%

148.55%
1,330,461

1,507,597

Growth (%)
Expenses

336,280

380,217

521,405

Gross Profit

152,892

152,978

183,815

422,341

444,922

39,916

47,509

57,425

237,162

184,675

112,976

105,469

126,390

185,179

-6.65%

19.84%

46.51%

-60,001

-53,025

-32,203

Income before Tax

52,975

52,443

94,187

185,179

260,247

Tax

15,489

14,620

14,744

35,228

64,535

-30

-36

-4,209

195,712

576

766

391

428

2008

2009

363

-40

2010

Operating Profit

Growth (%)

Sep-12

TOTAL REVENUES (Billion Rupiah)

1,953
1,753

1,953

Operating Expenses

2011

1,554

1,156

Other Income (Expenses)

705
758

489

533

2008

2009

359

Minority Interest

37,787

75,235

149,951

31.72%

99.10%

99.31%

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

88.54

117.26

128.50

189.35

146.28

13.00

17.16

22.60

45.00

89.68

66.89

BV (Rp)

233.65

256.25

344.36

1,096.18

675.15

DAR (X)

0.62

0.68

0.70

0.49

0.48

DER(X)

1.60

2.14

2.34

0.96

0.93

ROA (%)

5.21

3.89

4.86

5.16

6.81

ROE (%)

13.56

12.24

16.36

10.10

13.17

GPM (%)

31.26

28.69

26.06

24.10

22.79

OPM (%)

23.10

19.78

17.92

10.56

NPM (%)

Net Income

28,686

Growth (%)
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)

-39

2010

2011

Sep-12

NET INCOME (Billion Rupiah)

196
196

150
156

116

5.86

7.09

10.67

8.55

10.02

Payout Ratio (%)

14.50

Yield (%)

2.63

75
76

29

38

36

-4

2008

2009

2010

2011

Sep-12