COMPANY REPORT

BATA
SEPATU BATA TBK.

Company Profile
PT Sepatu Bata Tbk (the Company) was established in Indonesia on October 15th, 1931 by
deed of Notary Adriaan Hendrick van Ophuijsen No. 64. Operations commenced in 1931.
PT Sepatu Bata Tbk. is a member of the Bata Shoe Organization, which has its head office in
Lausanne, Switzerland. The Company is the world's largest manufacturer of footwear, with
operations in many countries, producing and selling millions of shoes each year.
The Companys production facilities are located in Purwakarta. The Company is involved in
manufacturing leather footwear, canvas built-up, casual and sports shoes, injection
moulded sandals/slippers and industrial safety footwear, and in the import and distribution
of footwear. The Company is also active in exporting footwear. The Company has its head
office in Jakarta.

August 2010
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.

Sepatu Bata Tbk. [S]

BATA

COMPANY REPORT : AUGUST 2010

As of 31 August 2010
Individual Index
:
Listed Shares
:
Market Capitalization:

Main Board
Industry Sector : Miscellaneous Industry (4)
Industry Sub Sector : Footwear (44)
COMPANY HISTORY

7,522.698
13,000,000
754,000,000,000

SHAREHOLDERS (August 2010)

Established Date

: 15-Oct-1931

1. Bafin (Nederland) B.V.

Listing Date

: 24-Mar-1982

2. BP2S Singapore/Fully Taxable

9,973,081 : 76.72%
776,000 : 5.97%

Under Writer IPO :

PT Merchant Investment Corporation

DIVIDEND ANNOUNCEMENT

Securities Administration Bureau :

Cum
Date

Ex
Date

Recording
Date

1989

70.00

07-Sep-89

08-Sep-89

13-Sep-89

26-Sep-89

1990

70.00

05-Feb-90

06-Feb-90

12-Feb-90

27-Feb-90

Phone : 520-1928, 1983, 1993, 1989

1989

100.00

02-May-90 03-May-90 09-May-90 22-May-90

Fax

1990

80.00

07-Sep-90

10-Sep-90

14-Sep-90

27-Sep-90

1991

90.00

06-Feb-91

07-Feb-91

15-Feb-91

27-Feb-91

Year

Bina Mulia Building I, 4th Fl.

Jln. HR. Rasuna Said Kav. 10, Jakarta 12950
: 520-1924

BOARD OF COMMISSIONERS
1. Marcello Pace
2. Hanafiah Djaja Winata *)
3. Jorge Domingo Carbajal Gutierrez
4. Michael Graham Voisey Middleton
5. Sri Hartina Urip Simeon *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Alberto Ericco

Bonus
Shares

Payment
Date F/I

Cash
Devidend

PT Blue Chip Mulia

1990

120.00

15-May-91 16-May-91 23-May-91

05-Jun-91 F

1991

100.00

05-Aug-91

26-Sep-91

1991

200.00

08-May-92 09-May-92 15-May-92 27-May-92 F

1992

105.00

10-Sep-92

1992

150.00

18-May-93 19-May-93 27-May-93

14-Jun-93 F

06-Aug-91
11-Sep-92

13-Sep-91
18-Sep-92

29-Sep-92

I
I

1993

80.00

09-Nov-93

10-Nov-93

17-Nov-93

30-Nov-93

1993

150.00

09-Jun-94

10-Jun-94

17-Jun-94

28-Jun-94 F

1994

105.00

21-Nov-94

22-Nov-94

29-Nov-94

14-Dec-94

1994

200.00

30-May-95

01-Jun-95

08-Jun-95

15-Jun-95 F

1995

105.00

16-Nov-95

17-Nov-95

27-Nov-95

14-Dec-95

2. Fabio Bellini
3. Fadzilah Bin Mohd. Hussein

1995

225.00

17-Jun-96

18-Jun-96

26-Jun-96

27-Jun-96 F

1998

300.00

25-May-99 26-May-99

03-Jun-99

21-Jun-99 F

4. Ibnu Baskoro
5. Solaiappan Mariappan

1999

500.00

30-Nov-99

01-Dec-99

09-Dec-99

14-Dec-99

1999

500.00

10-Dec-99

13-Dec-99

21-Dec-99

23-Dec-99

6. Tan Chee Wee

1999

1,350.00

20-Jun-00

21-Jun-00

29-Jun-00

2000

2,000.00

01-Dec-00

04-Dec-00

11-Dec-00

2000

1,550.00

29-Jun-01

30-Jun-01

09-Jul-01

2001

2,000.00

06-Dec-01

07-Dec-01

12-Dec-01

2001

1,500.00

04-Jul-02

05-Jul-02

10-Jul-02

2002

1,650.00

11-Dec-02

12-Dec-02

16-Dec-02

2002

1,150.00

02-Jul-03

03-Jul-03

07-Jul-03

21-Jul-03 F

2003

900.00

05-Dec-03

08-Dec-03

10-Dec-03

23-Dec-03 F

2003

600.00

30-Jun-04

01-Jul-04

06-Jul-04

2004

850.00

02-Dec-04

03-Dec-04

07-Dec-04

20-Dec-04

2005

650.00

03-Jul-05

04-Jul-05

06-Jul-05

20-Jul-05
22-Dec-05

AUDIT COMMITTEE
1. Marwoto Hadi Soesastro
2. Hanafiah Djajawinata
3. Hans Kartikahadi
CORPORATE SECRETARY
Iwan Nurdiansyah
HEAD OFFICE
Graha Bata, Jln. R.A. Kartini Kav. 28

2005

850.00

05-Dec-05

06-Dec-05

08-Dec-05

Cilandak Barat, Jakarta selatan 12430

2005

150.00

19-Jul-06

21-Jul-06

16-Jul-06

Phone : (021) 750-5353

2006

340.00

07-Dec-06

08-Dec-06

12-Dec-06

Fax

2006

435.00

05-Jul-07

06-Jul-07

10-Jul-07

: (021) 750-5354

04-Jul-00 F
20-Dec-00

25-Jul-01 F
27-Dec-01

24-Jul-02 F
23-Dec-02

20-Jul-04 F
I
I

19-Jul-06 F
21-Dec-06

24-Jul-07 F

2007

870.00

07-Dec-07

10-Dec-07

12-Dec-07

Homepage : www.bata.com

2007

6,361.00

19-Jun-08

18-Jun-08

23-Jun-08

07-Jul-08 F

Email

2007

727.00

05-Dec-08

09-Dec-08

11-Dec-08

16-Dec-08 F

2008

816.00

29-Jun-09

30-Jun-09

02-Jul-09

2009

1,088.00

08-Dec-09

09-Dec-09

11-Dec-09

2009

1,070.00

29-Jun-10

30-Jun-10

02-Jul-10

: jakarta@bataindonesia.com

17-Dec-07

15-Jul-09 F
16-Dec-09

16-Jul-10 F

ISSUED HISTORY
Type of Listing

Shares

Listing
Date

Trading
Date
24-Mar-82

1,200,000

24-Mar-82

2. Additional Listing

288,000

09-Jan-85

09-Jan-85

3. Additional Listing

462,000

24-Dec-86

24-Dec-86

1. First Issue

4. Partial Listing

2,600,000

19-Apr-90

03-May-90

5. Partial Listing

8,450,000

09-Nov-00

09-Nov-00

Sepatu Bata Tbk [S]

CLOSING PRICE* AND TRADING VOLUME
SEPATU BATA TBK [S]
JANUARY 2006 - AUGUST 2010

Volume
(Mill. Sh)

59,500

0.28

51,000

0.24

42,500

0.20

34,000

0.16

25,500

0.12

17,000

0.08

8,500

0.04

0.00
Jan 06

Jan 07

Jan 08

Jan 09

Jan 10

CHANGE OF CLOSING PRICE

MISCELLANEOUS INDUSTRY INDEX AND JAKARTA COMPOSITE INDEX
JANUARY 2006 - AUGUST 2010
360%

360%

300%

300%

Jakarta Composite Index

Miscellaneous Industry Index
Closing Price

240%

240%

180%

180%

120%

120%

60%

60%

-60%
Jan 06

-60%
Jan 07

SHARES TRADED
Volume (Million Shares)
Value (Billion Rp)
Frequency (X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)

Jan 08

2006
1
13
89
48

Jan 09

2007
1
8
130
69

Jan 10

2008
0.3
5
158
64

2009
0.1
2
71
38

Aug-10
0.4
18
27
21

15,900
12,250
14,000
14,000

23,000
12,000
23,000
23,000

26,500
19,000
20,500
20,500

41,000
21,000
36,000
36,000

58,000
29,000
58,000
58,000

9.03
9.61
0.96

13.54
7.41
1.49

1.69
2.32
0.98

9.04
6.55
1.55

24.73
2.75
2.49

* Adjusted price after corporate action

TRADING ACTIVITIES
Closing Price
Month
High
Low Close
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Jun-06
Jul-06
Aug-06
Sep-06
Oct-06
Nov-06
Dec-06
Jan-00
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-00
Jan-08
Feb-08
Mar-08
Apr-08
May 08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-00
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-00
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

Freq.
(X)

Volume
Value
(Thou. Sh) (Million Rp)

Day

Closing
Price*

BATA

15,900
13,250
14,500
14,500
13,500
13,250
13,250
13,000
13,000
12,500
13,000
14,000

13,000
13,150
14,000
13,300
13,250
13,250
13,250
12,500
12,250
12,500
12,700
13,000

13,100
13,250
14,500
14,000
13,250
13,250
13,250
12,500
12,500
12,500
13,000
14,000

3
13
10
9
6
7
5
9
8
1
11
7

2
42
23
10
10
10
84
483
277
1
13
25

29
556
320
139
133
133
1,113.0
6,157
3,460
6
165
365

3
3
6
5
3
1
4
5
5
1
6
6

14,900
14,700
15,300
15,000
14,600
14,500
15,000
14,600
16,500
21,000
23,000
-

14,000
12,000
14,500
14,500
14,000
14,400
14,400
14,300
15,000
15,000
22,000
-

14,500
14,700
15,300
14,500
14,400
14,500
14,400
14,600
16,000
21,000
23,000
23,000

19
8
11
10
5
27
9
8
11
16
6

20
24
16
14
5
216
10
112
26
52
12
-

285
347
226
198
65
3,119
138
1,619
409
881
260
-

9
7
6
6
3
6
7
7
7
9
2

23,000
19,000
22,000
26 000
26,000
26,500
20,000
22,000
21,600
20,000
20,500
20,500

19,000
19,000
20,000
19 000
19,000
20,000
19,000
19,500
19,500
19,500
20,000
20,500

19,000
19,000
19,000
22,000
26 000
26,000
20,000
19,100
21,500
19,500
19,750
20,000
20,500

21,000
21,500
25,500
41,000
37,350
29,900
32,500
30,000
26,500
36,000

21,000
21,500
25,000
25,000
23,000
24,500
29,000
26,000
25,000
30,000

20,500
21,000
21,500
25,000
39,000
30,150
30,150
29,900
32,500
30,000
26,500
36,000

36,000
30,000
30,150
30,150
51,950
57,500
58,000

36,000
29,000
30,000
30,150
36,150
45,000
58,000

36,000
36,000
30,000
30,150
30,150
48,000
57,500
58,000

4
1
-

8
1
-

44
31
25
13
15
9
5
10
1
-

76
34
39
28
29
15
9
21
3
-

2
4
2
26
17
-

3
3
7
4
3

2
6
5
2
2

1
-

1
2
252
4
22
161

63
672
51
762
328
40
176
126
40
69

1
-

2
7
4
6
5
2

162 3
10 1
1,524 10
785 7
847 11
535 8
582 10
302 5
170 4
421 4
51 1
-

3
40
2
28
11

1
3
1
7
9
-

3
2
5
4
3

18
30
45
7,598
156
1,031
9,229

1
-

2
5
2
6
3
2

Sepatu Bata Tbk. [S]

BATA

Financial Data and Ratios

Public Accountant : Purwantono, Sarwoko & Sandjaja (Member of Ernst & Young Global Limited)
BALANCE SHEET

Dec-2006

Dec-2007

Dec-2008

Dec-2009

Mar-2010

4,619

50,240

5,219

9,789

7,290

18
18,569
569

21,635
21 635

17,066
17 066

22,666
22 666

30,118
30 118

TOTAL ASSETS AND LIABILITIES

(Million Rp except Par Value)

Cash & Cash Equivalents
R
Receivable
i bl

(Billion Rupiah)
438
350

Inventories

119,441

134,153

169,324

153,761

Current Assets

185,152

251,649

243,818

242,303

256,939

68,222

66,262

139,021

155,768

160,574

Fixed Assets

Book End : December

Liabilities

159,337

Other Assets

18,087

14,168

21,061

18,608

19,076

Total Assets

271,461

332,080

401,901

416,679

436,589

22.33%

21.03%

3.68%

4.78%

Growth (%)

Assets

263
175
88
-

Current Liabilities

63,851

109,667

110,429

103,019

122,122

Long Term Liabilities

17,523

14,713

18,354

12,317

9,340

Total Liabilities

81,374

124,381

128,782

115,335

131,463

52.85%

3.54%

-10.44%

13.98%

Authorized Capital

20,000

20,000

20,000

20,000

20,000

Paid up Capital

13,000

13,000

13,000

13,000

13,000

13

13

13

13

13

1,000

1,000

1,000

1,000

1,000

Growth (%)
Minority Interest

Paid up Capital (Shares)

2006

2007

2008

2009

Mar-10

TOTAL EQUITY (Billion Rupiah)

301

305

2009

Mar-10

273

305

244

208

190
183

Par Value
Retained Earnings

174,827

192,440

260,118

288,344

292,126

Total Equity

190,087

207,700

273,118

301,344

305,126

9.27%

31.50%

10.33%

1.26%

Dec-2006

Dec-2007

Dec-2008

Dec-2009

Mar-2010

428,630

493,717

539,762

598,466

125,135

15.19%

9.33%

10.88%

244,811

274,023

301,240

322,782

Gross Profit

183,818

219,695

238,522

275,684

57,681

Operating Expenses

147,517

158,001

182,420

200,726

51,787

36,301

61,694

56,103

74,958

5,894

69.95%

-9.06%

33.61%

-7,755

172,651

-3,280

-195

Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Expenses

Operating Profit
Growth (%)

122

61

2006

2007

2008

TOTAL REVENUES (Billion Rupiah)

67,454

598
540

598

494
479

429

359

Other Income (Expenses)

-3,893

Income before Tax

32,409

53,939

228,754

71,678

5,698

Tax

12,248

19,361

71,191

18,697

1,916

3,782

Minority Interest
Net Income

20,161

Growth (%)
RATIOS

34,578

157,563

52,981

71.51%

355.68%

-66.37%

125
120

2006

Dec-2006

Dec-2007

Dec-2008

Dec-2009

Mar-2010

Current Ratio (%)

289.98

229.47

220.79

235.20

210.39

Dividend (Rp)

775.00

7,958.00

816.00

2,158.00

1,550.83

2,659.82

12,120.21

4,075.43

290.93

BV (Rp)

14,622.07

15,976.89

21,009.10

23,180.30

23,471.23

DAR (X)

0.30

0.37

0.32

0.28

0.30

EPS (Rp)

239

DER(X)

0.43

0.60

0.47

0.38

0.43

ROA (%)

11.94

16.24

56.92

17.20

1.31

2007

2008

2009

Mar-10

NET INCOME (Billion Rupiah)

158
158

126

95

ROE (%)

17.05

25.97

83.76

23.79

1.87

GPM (%)

42.89

44.50

44.19

46.07

46.10

OPM (%)

8.47

12.50

10.39

12.53

4.71

NPM (%)

4.70

7.00

29.19

8.85

3.02

49.97

299.19

6.73

52.95

5.54

34.60

3.98

5.99

Payout Ratio (%)

Yield ((%))

53

63

35
32

20
4

2006

2007

2008

2009

Mar-10