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INDF Indofood Sukses Makmur Tbk.

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

As of 28 February 2013
:
1,249.589
Individual Index
8,780,426,500
:
Listed Shares
Market Capitalization : 64,097,113,450,000

17 | 53.1T | 1.24% | 54.77%


14 | 17.5T | 1.57% | 44.93%

COMPANY HISTORY
Established Date : 14-Aug-1990
Listing Date
: 14-Jul-1994
Under Writer IPO :
PT Merincorp
Securities Administration Bureau :
PT Raya Saham Registra
Plaza Central Building 2nd Fl.
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930
Phone : 252-5666
Fax
: 252-5028
BOARD OF COMMISSIONERS
1. Manuel V. Pangilinan
2. Benny Setiawan Santoso
3. Edward A. Tortorici
4. Graham L. Pickles
5. Robert Charles Nicholson
6. Torstein Stephansen *)
7. Utomo Josodirdjo *)
8. Wahjudi Prakarsa *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Anthoni Salim
2. Axton Salim
3. Darmawan Sarsito (Kevin Sietho)
4. Franciscus Welirang
5. Moleonoto (Paulus Moleonoto)
6. Taufik Wiraatmadja
7. Tjhie Tje Fie (Thomas Tjhie)
8. Werianty Setiawan
AUDIT COMMITTEE
1. Utomo Josodirdjo
2. Monang Silalahi
3. Timotius
4. Wahjudi Prakarsa
CORPORATE SECRETARY
Werianty Setiawan
HEAD OFFICE
Sudirman Plaza, Indofood Tower Lt. 27
Jln. Jend. Sudirman Kav. 76 - 78
Jakarta - 12190
Phone : (021) 5795-8822
Fax
: (021) 5793-7373
Homepage
Email

: www.indofood.com
: werianty@indofood.co.id

SHAREHOLDERS (February 2013)


1. CAB Holdings Limited
2. Public (<5%)

4,394,603,450 :
4,385,823,050 :

DIVIDEND ANNOUNCEMENT
Cash
Bonus
Year Shares Dividend Cum Date
1994
58.00
21-Jul-95
80.00
11-Jul-96
1995
1996
47.00
10-Jul-97
11-Jul-01
2000
18.00
2001
25.00
09-Jul-02
2002
28.00
17-Jul-03
2003
28.00
15-Jul-04
2005
17.50 26-Aug-05
2005
5.00
20-Jul-06
2006
31.00
27-Jul-07
2007
43.00 12-Aug-08
2008
47.00
02-Jul-09
2009
93.00
19-Jul-10
2010
133.00
26-Jul-11
175.00
2011
17-Jul-12

Ex Date
24-Jul-95
12-Jul-96
11-Jul-97
12-Jul-01
10-Jul-02
18-Jul-03
16-Jul-04
29-Aug-05
21-Jul-06
30-Jul-07
13-Aug-08
03-Jul-09
20-Jul-10
27-Jul-11
18-Jul-12

Recording
Date
01-Aug-95
22-Jul-96
22-Jul-97
17-Jul-01
15-Jul-02
22-Jul-03
20-Jul-04
31-Aug-05
25-Jul-06
01-Aug-07
15-Aug-08
07-Jul-09
22-Jul-10
29-Jul-11
20-Jul-12

50.05%
49.95%

Payment
Date
31-Aug-95
21-Aug-96
22-Aug-97
31-Jul-01
29-Jul-02
05-Aug-03
02-Aug-04
15-Sep-05
08-Aug-06
15-Aug-07
27-Aug-08
22-Jul-09
05-Aug-10
09-Aug-11
03-Aug-12

F/I
F
F
F
F
F
F
F
F
F
F
F
F
F
F

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.

Type of Listing
First Issue
Founders Shares
Stock Split
Right Issue
Stock Split
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option Conversion
Option III Conversion
Option III Conversion
Option III Conversion
Option III Conversion
Option III Conversion
Option III Conversion
Buy Back

Shares
21,000,000
742,000,000
763,000,000
305,200,000
7,324,800,000
228,000
185,000
407,500
2,050,500
1,512,500
1,665,500
65,849,500
12,722,000
14,096,000
86,874,500
920,000
190,000
131,500
397,500
92,500
41,577,500
188,500
1,080,000
57,101,000
26,000
9,000
2,000
1,000
1,000
880,500
-663,762,500

Listing
Date
14-Jul-94
14-Jul-94
12-Aug-96
24-Apr-97
29-Sep-00
07-May-02
10-May-02
13-May-02
15-May-02
17-May-02
22-May-02
28-May-02
30-May-02
05-Jun-02
07-Jun-02
10-Jun-02
14-Jun-02
18-Jun-02
25-Jun-02
28-Jun-02
15-Jul-02
20-May-03
21-May-03
12-Jun-03
06-Feb-04
09-Feb-04
22-Apr-04
28-Apr-04
10-May-04
24-May-04
28-Oct-08

Trading
Date
14-Jul-94
08-Feb-95
12-Aug-96
24-Apr-97
29-Sep-00
07-May-02
10-May-02
13-May-02
15-May-02
17-May-02
22-May-02
28-May-02
30-May-02
05-Jun-02
07-Jun-02
10-Jun-02
14-Jun-02
18-Jun-02
25-Jun-02
28-Jun-02
15-Jul-02
20-May-03
21-May-03
12-Jun-03
06-Feb-04
09-Feb-04
22-Apr-04
28-Apr-04
10-May-04
24-May-04
28-Oct-08

INDF Indofood Sukses Makmur Tbk. [S]


Closing
Price*

Closing Price
Volume
(Mill. Sh)

7,400

400

6,475

350

5,550

300

4,625

250

3,700

200

2,775

150

1,850

100

925

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
665%

475%
397.2%

380%
285%

233.7%
190%
95%
-95%

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

Volume (Million Sh.)


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

10,912
18,975
373
241

6,114
26,422
364
245

3,845
20,321
335
247

3,371
17,526
274
246

684
4,263
56
41

3,625
820
3,550
3,550

5,800
3,300
4,875
4,875

6,800
4,150
4,600
4,600

6,200
4,400
5,850
5,850

7,300
5,750
7,300
7,300

15.02
14.50
PER (X)
20.07
16.41
PER Industry (X)
3.07
2.55
PBV (X)
* Adjusted price after corporate action

8.05
16.22
1.28

10.02
19.75
1.54

12.50
21.70
1.92

Price (Rupiah)
High
Low
Close
Close*

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
1,130
1,030
1,000
1,300
1,950
1,990
2,350
2,725
3,050
3,300
3,250
3,625

Low
920
860
820
900
1,240
1,620
1,730
2,175
2,375
2,700
2,925
3,075

Close
980
880
940
1,280
1,780
1,890
2,275
2,500
3,025
3,075
3,075
3,550

29,766
21,979
22,837
49,778
33,717
43,502
37,559
50,780
32,194
21,560
12,704
16,435

1,290,037
588,202
607,038
2,183,917
1,063,904
1,017,696
959,545
1,036,578
854,259
497,217
294,624
519,266

1,331,224
553,241
556,675
2,394,865
1,686,046
1,901,543
1,936,235
2,493,334
2,316,405
1,520,961
908,260
1,375,914

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

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

3,900
3,950
4,225
3,950
3,950
4,225
4,725
4,850
5,800
5,700
5,200
4,975

3,400
3,375
3,700
3,700
3,300
3,475
4,100
4,100
4,450
4,800
4,525
4,425

3,600
3,800
3,775
3,900
3,650
4,150
4,625
4,550
5,450
5,200
4,575
4,875

19,155
16,258
22,401
26,928
33,032
22,744
20,043
53,114
40,387
50,506
29,814
29,244

416,987
332,640
373,683
468,345
644,511
514,572
355,861
779,462
668,483
689,172
460,205
409,963

1,542,974
1,220,407
1,463,808
1,798,803
2,320,315
1,995,277
1,561,997
3,398,163
3,419,349
3,550,603
2,269,103
1,881,471

20
19
22
21
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

5,100
4,900
5,450
5,700
5,750
5,850
6,500
6,800
6,250
5,750
5,250
4,875

4,300
4,550
4,750
5,200
5,250
5,150
5,700
5,850
4,150
4,575
4,600
4,500

4,700
4,750
5,400
5,550
5,400
5,750
6,350
6,100
5,050
5,250
4,700
4,600

29,796
15,394
27,762
17,178
18,291
19,672
22,022
34,598
51,427
36,536
38,862
23,694

364,749
180,015
313,582
212,478
270,736
268,060
267,156
378,704
588,035
388,580
371,421
241,411

1,725,256
853,054
1,581,400
1,161,362
1,497,017
1,463,174
1,590,534
2,396,653
3,052,287
2,046,847
1,822,817
1,130,332

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

4,975
5,150
5,200
4,900
4,900
4,875
5,650
5,500
5,650
6,200
5,900
6,200

4,600
4,800
4,750
4,575
4,625
4,400
4,825
5,100
5,300
5,550
5,500
5,450

4,800
5,100
4,850
4,850
4,725
4,850
5,400
5,400
5,650
5,700
5,850
5,850

25,256
26,576
24,300
27,216
22,748
18,225
31,601
18,695
19,243
18,532
17,512
24,477

255,981
299,674
263,089
372,042
270,366
207,237
412,934
231,332
239,535
354,341
227,499
236,709

1,232,987
1,482,914
1,293,314
1,763,910
1,297,395
984,904
2,195,788
1,238,115
1,304,306
2,056,934
1,300,727
1,375,205

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

Jan-13
Feb-13

6,200
7,300

5,750
5,950

6,050
7,300

28,192
28,087

381,477
302,233

2,293,129
1,969,793

21
20

644.9%

570%

Jan 09

Month

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume


Indofood Sukses Makmur Tbk. [S]
January 2009 - February 2013

2012 Feb-13

INDF Indofood Sukses Makmur Tbk. [S]


Financial Data and Ratios
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
BALANCE SHEET
(Million Rp except Par Value)

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

Book End : December

TOTAL ASSETS AND LIABILITIES (Bill. Rp)


Assets

Cash & Cash Equivalents

4,271,208

4,474,830 10,439,353 13,049,048 12,961,410

Receivable

2,760,971

2,296,474

2,686,273

3,669,305

3,438,499

Inventories

6,061,219

5,117,484

5,644,141

6,536,343

7,410,620

Liabilities

62,500
50,000

Current Assets

14,598,422 12,954,813 20,077,994 24,501,734 25,473,747

Fixed Assets

9,586,545 10,808,449 11,737,142 12,921,013 14,276,224

Other Assets

1,673,000

Total Assets

2,044,473

1,133,994

1,216,694

1,388,537

39,594,264 40,382,953 47,275,955 53,585,933 57,115,131

1.99%

Growth (%)

17.07%

13.35%

37,500
25,000
12,500

6.59%
-

Current Liabilities

16,262,161 11,158,962

9,859,118 12,831,304 12,132,836

Long Term Liabilities

10,170,208 13,727,819 12,563,999

Total Liabilities

26,435,324 24,886,781 22,423,117 21,975,708 23,774,538

Growth (%)

-5.86%

-9.90%

-2.00%

8.19%

4,660,191

5,340,677

8,068,167

Authorized Capital

3,000,000

3,000,000

3,000,000

3,000,000

3,000,000

878,043

878,043

878,043

878,043

878,043

8,780

8,780

8,780

8,780

8,780

100

100

100

100

100

Retained Earnings

5,328,387

6,991,568

Total Equity

8,498,749 10,155,495 16,784,671 31,610,225 33,340,593

Paid up Capital (Shares)

2009

Growth (%)
INCOME STATEMENTS
Total Revenues

Dec-08

31,610

33,341

Expenses

9,110,852 11,020,235 12,033,617

19.49%

65.28%

88.33%

5.47%

Dec-09

Dec-10

Dec-11

Sep-12

-4.27%

3.40%

Sep-12

33,341

26,539

16,785

12,936

8,499

10,155

6,135

-667

2008

38,799,279 37,140,830 38,403,360 45,332,256 37,254,978

Growth (%)

2011

TOTAL EQUITY (Billion Rupiah)

19,738

Par Value

2010

9,144,404 11,641,702

Minority Interest
Paid up Capital

2008

2009

2010

2011

Sep-12

18.04%
TOTAL REVENUES (Billion Rupiah)

29,822,362 27,018,884 25,932,908 32,749,190 26,953,075

Gross Profit

8,976,917 10,121,946 12,470,452 12,583,066 10,301,903

Operating Expenses

4,635,441

5,117,737

5,741,141

5,732,047 -4,940,646

Operating Profit

4,341,476

5,004,209

6,729,311

6,851,019

15.27%

34.47%

1.81%

-940,396 -1,296,936

-498,630

-350,341
5,010,916

45,332
45,332

Growth (%)

5,361,257

38,799

37,141

38,403

2009

2010

37,255

36,084

26,837

Other Income (Expenses)


Income before Tax
Tax

-1,741,653
2,599,823

4,063,813

5,432,375

6,352,389

801,553

1,207,032

1,497,567

1,460,716 -1,205,940

-782,597

-780,920

-981,950

1,034,389

2,075,861

2,952,858

5,017,425

3,845,612

100.68%

42.25%

69.92%

17,589

8,341

Minority Interest
Net Income

Growth (%)

2008

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

Current Ratio (%)

89.77

116.09

203.65

190.95

209.96

Dividend (Rp)

47.00

93.00

133.00

175.00

EPS (Rp)

117.81

236.42

336.30

571.43

437.98

BV (Rp)

967.92

1,156.61

1,911.60

3,600.08

3,797.15

DAR (X)

0.67

0.62

0.47

0.41

0.42

DER(X)

3.11

2.45

1.34

0.70

0.71

ROA (%)

6.57

10.06

11.49

11.85

8.77

ROE (%)

30.59

40.02

32.37

20.10

15.03

GPM (%)

23.14

27.25

32.47

27.76

27.65

OPM (%)

11.19

13.47

17.52

15.11

14.39

RATIOS

-907

2011

Sep-12

NET INCOME (Billion Rupiah)


5,017
5,017

3,846
3,994

2,953
2,970

NPM (%)
Payout Ratio (%)
Yield (%)

2.67

5.59

7.69

11.07

10.32

39.90

39.34

39.55

30.62

5.05

2.62

2.73

3.80

2,076
1,947

1,034
923

-100

2008

2009

2010

2011

Sep-12