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SMGR
SEMEN GRESIK (PERSERO) TBK.

Company Profile
PT Semen Gresik (Persero) Tbk. was established in 1953 by Notarial Deed No. 41 dated
April17th,1961ofMr.SoewandinamedNVPabrikSemenGresik.TheCompanyengagedin
thebusinessofcement.TheCompanyproducesvarioustypesofcement.Themaintypeof
cementproducedisTypeIPortlandCement(OrdinaryPortlandCementOPC).Inaddition,
variousspecifictypesandmixedcementarealsoproduced,forlimiteduseandinsmaller
amountthanOPC.

ThescopeofactivitiesoftheCompanyanditssubsidiariesareinvolvedinvariousindustrial
activities,butitsmainactivityisinthecementindustry.ThePlantanditssubsidiariesare
located in Gresik and Tuban East Java, Indarung West Sumatra and Pangkep South
Sulawesi.Productsofthecompanyanditssubsidiariesmarketedatdomesticandabroad.

The Companys is domiciled in Gedung Utama Semen Gresik, Jln. Veteran, Gresik 61122.
The Company commenced commercial operations on August 7, 1957. As at September
30th,2011,theCompanyanditssubsidiarieshad6,260employees.

The subsidiaries of the company are established as Strategic Tools, in order to give the
maximumcontributions.Inaddition,theirexistenceisexpectedtoincurbeneficialsynergy
inordertoachievethepurposeinaccordancewiththestipulatedcorebusiness.Beloware
the subsidiaries of the company: PT Semen Padang, PT Sepatim Batamtama, PT Bima
Sepaja Abadi, PT Semen Tonasa, PT United Tractors Semen Gresik, PT Industri Kemasan
SemenGresikandPTKawasanIndustriGresik.

January 2012
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.

Semen Gresik (Persero) Tbk. [S]

SMGR

COMPANY REPORT : JANUARY 2012

As of 31 January 2012
3,932.103
Individual Index
:
5,931,520,000
Listed Shares
:
Market Capitalization : 67,026,176,000,000

Main Board
Industry Sector : Basic Industry And Chemicals (3)
Industry Sub Sector : Cement (31)
COMPANY HISTORY
Established Date

: 25-Mar-1953

Listing Date

: 08-Jul-1991

Under Writer IPO :

SHAREHOLDERS (January 2012)

3,025,406,000 : 51.01%

1. Pemerintah RI c/q Menteri Keuangan RI

DIVIDEND ANNOUNCEMENT

PT Buanamas Investindo

Cash
Devidend

Cum
Date

1991

284.70

1992

267.75

PT Ficorinvest

Year

PT Indovest Securities
PT Merchant Investment Corporation

Bonus
Shares

Ex
Date

Recording
Date

Payment
Date F/I

12-Jun-92

15-Jun-92

22-Jun-92

13-Jul-92 F

14-Jun-93

15-Jun-93

24-Jun-93

22-Jul-93 F

PT Multicor

1993

164.18

13-Jul-94

14-Jul-94

21-Jul-94

19-Aug-94 F

PT Nikko Securities Indonesia

1994

184.51

03-Jul-95

04-Jul-95

12-Jul-95

11-Aug-95 F

PT Nomura Indonesia

1995

109.62

11-Jul-96

12-Jul-96

22-Jul-96

20-Aug-96 F

PT Primarindo Daya Investama

1996

147.87

08-Jul-97

09-Jul-97

18-Jul-97

15-Aug-97 F

Securities Administration Bureau :

1997

156.82

09-Jul-98

10-Jul-98

20-Jul-98

18-Aug-98 F

PT Datindo Entrycom

1998

135.06

13-Jul-99

14-Jul-99

22-Jul-99

20-Aug-99 F

Wisma Sudirman - Puri Datindo

1999

162.24

10-Jul-00

11-Jul-00

19-Jul-00

21-Jul-00 F

Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220

2000

231.14

05-Jul-01

06-Jul-01

13-Jul-01

20-Jul-01 F

Phone : 570-9009

2001

267.61

18-Jul-02

19-Jul-02

24-Jul-02

07-Aug-02 F

Fax

2002

115.03

18-Jul-03

21-Jul-03

23-Jul-03

06-Aug-03 F

2003

174.68

23-Jul-04

26-Jul-04

28-Jul-04

11-Aug-04 F

2003

112.73

22-Dec-04

23-Dec-04

28-Dec-04

07-Jan-05 F

2004

39.67

05-Jan-05

06-Jan-05

10-Jan-05

18-Jan-05

2. Achmad Jazidie *)
3. Chatib Basri *)

2005

267.51

18-Jul-05

19-Jul-05

21-Jul-05

01-Aug-05

2005

443.12

21-Jul-06

24-Jul-06

26-Jul-06

09-Aug-06 F

4. Hadi Waluyo
5. Setia Purwaka

2006

1,092.06

19-Jul-07

20-Jul-07

24-Jul-07

07-Aug-07 F

2007

149.66

29-May-08 30-May-08

03-Jun-08

17-Jun-08 F

6. Sumaryanto Widayatin

2008

215.19

21-Jul-09

22-Jul-09

24-Jul-09

07-Aug-09 F

2009

58.00

07-Dec-09

08-Dec-09

10-Dec-09

2009

250.45

19-Jul-10

20-Jul-10

22-Jul-10

2010

58.00

27-Dec-10

28-Dec-10

30-Dec-10

04-Jan-11

2010

248.26

27-Jul-11

28-Jul-11

01-Aug-11

15-Aug-11 F

: 570-9026

BOARD OF COMMISSIONERS
1. Dedi Aditya Sumanagara

*) Independent Commissioners
BOARD OF DIRECTORS
1. Dwi Soetjipto
2. Ahyanizzaman
3. Bambang Sugeng SI
4. Erizal Bakar
5. Irwan Suarly
6. Suharto
7. Suparni

2. Nina Diyanti Anwar

3. Sahat Pardede
CORPORATE SECRETARY
Sunardi Prionomurti
HEAD OFFICE
Semen Gresik Building
Jln. Veteran, Gresik, Surabaya 61122
Phone : (031) 398-1731 - 3
Fax

: (031) 398-3209, 397-2264

Homepage : www.semengresik.com
Email

: ptsg@sg.sggrp.com; corp.sec@sg.sggrp.com

05-Aug-10 F
I

ISSUED HISTORY
Shares

Listing
Date

1. First Issue

40,000,000

08-Jul-91

08-Jul-91

2. Partial Listing

30,000,000

08-Jul-91

17-May-92

Type of Listing

Trading
Date

78,288,000

02-Jun-95

02-Jun-95

4. Right Issue

444,864,000

10-Aug-95

10-Aug-95

5. Stock Split

5,338,368,000

07-Aug-07

07-Aug-07

3. Company Listing
AUDIT COMMITTEE
1. Achmad Jazidie

23-Dec-09

Semen Gresik (Persero) Tbk. [S]

Volume
(Mill. Sh)

14,000

210

12,000

180

10,000

150

8,000

120

6,000

90

4,000

60

2,000

30

Jan 08

Jan 09

Jan 10

Jan 11

Jan 12

CHANGE OF CLOSING PRICE

BASIC INDEX AND JAKARTA COMPOSITE INDEX
JANUARY 2008 - JANUARY 2012
120%

120%

100%

100%
Jakarta Composite Index
Basic Index
Closing
C
os g Price
ce

80%

80%

60%

60%

40%

40%

20%

20%
-

-20%

-20%

-40%

-40%

-60%

-60%

-80%
Jan 08

-80%
Jan 09

SHARES TRADED

Jan 10

Jan 11

Jan 12

2008
1,035
3,985
67,239
240

2009
1,513
8,846
92,294
241

2010
3,977
31,995
172,173
245

2011
2,068
18,855
232,849
247

Jan-12
211
2,414
31,022
21

Price (Rupiah)
High
Low
Close
Close*

5,800
1,825
4,175
4,175

7,800
3,325
7,550
7,550

10,350
7,250
9,450
9,450

11,450
7,250
11,450
11,450

12,950
10,750
11,300
11,300

PER (X)
PER Industry (X)
PBV (X)

18.71
25.98
5.01

9.81
10.41
3.07

13.95
6.15
4.86

15.43
12.86
4.67

14.78
9.32
4.46

Volume (Million Shares)

Value (Billion Rp)
Frequency (X)
Days

* Adjusted price after corporate action

TRADING ACTIVITIES
Closing Price
Month
High
Low Close
Jan-08
Feb-08
Mar-08
Apr-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
M 10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-00
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jan-00
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

Freq.
(X)

Volume
Value
(Thou. Sh) (Million Rp)

Day

CLOSING PRICE* AND TRADING VOLUME

SEMEN GRESIK (PERSERO) TBK. [S]
JANUARY 2008 - JANUARY 2012

Closing
Price*

SMGR

5,800
5,800
5,300
5,000
4,750
4,350
4,150
4,150
4,125
3,300
3,500
4,175

4,350
5,050
4,225
4,100
4,250
3,950
3,425
3,525
3,150
1,825
2,900
3,150

5,550
5,300
5,000
4,225
4,400
4,000
4,100
4,050
3,425
3,000
3,250
4,175

5,406
3,151
3,842
6,032
7,311
4,250
4,751
3,635
5,589
11,053
7,507
4,712

123,600
56,310
53,126
62,103
92,059
82,877
56,039
46,210
70,666
232,366
104,711
55,072

647,430
311,590
258,316
266,699
415,239
338,169
221,968
181,980
252,862
556,609
331,809
202,132

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

4,275
3,600
4,000
4,350
4,775
5,300
6,100
6,100
6,600
7,100
7,800
7,650

3,325
3,350
3,375
3,700
4,100
4,250
4,900
5,500
5,700
6,100
6,600
7,000

3,475
3,500
3,725
4,100
4,675
4,900
5,950
5,950
6,300
6,850
7,300
7,550

4,783
3,423
4,667
5,066
5,150
6,756
10,179
6,090
6,215
12,359
14,253
13,353

49,125
40,083
50,891
46,874
99,812
179,691
186,249
95,640
98,840
291,702
223,935
150,586

184,655
139,423
182,726
191,435
443,115
860,527
1,030,949
563,656
619,009
1,898,803
1,632,203
1,099,045

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

8,200
8,000
7,850
8,400
9 000
9,000
9,050
9,500
9,250
9,800
10,350
9,900
9,900

7,500
7,250
7,250
7,350
7 600
7,600
7,950
8,650
8,400
8,650
9,600
9,050
9,050

8,000
7,600
7,300
8,200
8 450
8,450
8,750
9,250
8,700
9,900
9,800
9,200
9,450

10,064
7,426
15,012
16,173
15 936
15,936
13,285
15,790
18,106
14,416
11,602
18,320
16,043

10,000
8,850
9,350
9,800
9,800
9,750
10,000
9,650
9,450
9,500
9,550
11,450

7,250 7,750
7,800 8,650
8,250 9,100
9,100 9,500
9,200 9,700
9,150 9,600
9,350 9,450
8,400 9,100
7,400 8,300
7,700 9,500
8,650 9,250
9,300 11,450

28,860
16,970
21,543
13,301
13,524
14,410
13,494
22,705
23,699
24,322
18,215
21,806

279,407
157,200
169,216
120,939
144,637
128,580
241,451
206,839
145,732
149,227
129,289
195,126

2,371,780
1,307,341
1,488,654
1,153,198
1,378,004
1,218,512
2,367,029
1,864,386
1,234,343
1,282,433
1,181,110
2,008,194

12,950 10,750 11,300

31,022

210,657

2,414,273 21

111,316
870,993 20
81,985
632,276 19
1,601,261 11,320,197 22
409,399 3,278,726 21
283 946 2,315,387
283,946
2 315 387 19
259,682 2,094,264 22
197,904 1,806,849 22
190,450 1,666,454 21
204,039 1,896,038 17
215,362 2,130,346 21
257,910 2,436,413 21
163,526 1,547,425 20
21
18
23
20
21
20
21
19
20
21
22
21

Semen Gresik (Persero) Tbk. [S]

SMGR

Financial Data and Ratios

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

Dec-2007

Dec-2008

Dec-2009

Dec-2010

Sep-2011

Cash & Cash Equivalents

2,822,280

3,746,684

3,410,263

3,664,278

2,821,287

Receivable

1,174,073

1,518,940

1,439,816

1,764,284

1,777,923

Book End : December

TOTAL ASSETS AND LIABILITIES

(Million Rp except Par Value)

(Billion Rupiah)
18,750

Assets

Liabilities

15,000

Inventories

1,047,872

1,580,552

1,407,578

1,624,219

1,796,854

Current Assets

5,267,912

7,083,422

8,207,041

734,360

6,768,572

Fixed Assets

3,101,866

3,308,878

4,014,143

Other Assets

26,954

19,729

17,462

Total Assets

7,662,560 10,296,864
17,202

15,532

8,515,227 10,602,964 12,951,308 15,562,999 17,804,288

Growth (%)

24.52%

22.15%

20.17%

14.40%

1,445,874

2,092,099

2,294,842

2,517,519

2,613,733

349,766

337,149

338,372

905,727

1,739,774

1,795,640

2,429,249

2,633,214

3,423,246

4,353,507

35.29%

8.40%

30.00%

27.17%

92,324

104,129

120,415

133,314

2,000,000

2,000,000

2,000,000

2,000,000

2,000,000

593,152

593,152

593,152

593,152

593,152

5,932

5,932

5,932

5,932

5,932

100

100

100

100

100

Retained Earnings

4,786,755

6,422,588

8,143,284

Total Equity

6,627,263

8,069,586 10,197,679 12,006,439 13,450,781

11,250
7,500
3,750
-

Current Liabilities
Long Term Liabilities
Total Liabilities
Growth (%)
Minority Interest
Authorized Capital
Paid up Capital
Paid up Capital (Shares)

2007

Growth (%)

9,954,536 11,242,962

21.76%

26.37%

17.74%

12.03%

Dec-2008

Dec-2009

Dec-2010

Sep-2011

INCOME STATEMENTS

Dec-2007

Total Revenues

9,600,801 12,209,846 14,387,850 14,344,189 11,610,808

Growth (%)

27.18%

17.84%

-0.30%

6,855,225

7,613,709

7,534,079

6,328,078

Expenses

5,600,144

Gross Profit

4,000,657

5,354,621

6,774,141

6,810,110

5,282,730

Operating Expenses

1,603,808

1,967,435

2,431,578

2,321,085

1,880,663

Operating Profit

2,396,848

3,387,186

4,342,563

4,489,025

3,402,066

Growth (%)

2009

2010

Sep-11

TOTAL EQUITY (Billion Rupiah)

13,451
12,006

13,451

10,198
10,761

8,070
8,0
0
8,070

Par Value

2008

6,627
6 627

5,380

2,690

2007

2008

2009

2010

Sep-11

TOTAL REVENUES (Billion Rupiah)

14,388

14,344

14,388

12,210

11,611

11,510

9,601

41.32%

28.21%

3.37%

155,393

191,297

301,714

224,358

181,385

8,633

Other Income (Expenses)

Income before Tax

2,560,214

3,589,529

4,655,188

4,722,623

3,583,451

Tax

766,675

1,045,569

1,302,433

1,063,509

795,439

Minority Interest

-18,131

-20,416

-26,267

-25,894

1,775,408

2,523,544

3,326,488

3,633,220

2,791,915

42.14%

31.82%

9.22%

Net Income
Growth (%)
RATIOS

5,755

2,878

2007

Dec-2007

Dec-2008

Dec-2009

Dec-2010

Sep-2011

Current Ratio (%)

364.34

338.58

357.63

29.17

258.96

Dividend (Rp)

149.66

215.19

308.45

306.26

EPS (Rp)

299.32

425.45

560.82

612.53

470.69

BV (Rp)

1,117.30

1,360.46

1,719.24

2,024.18

2,267.68

DAR (X)

0.21

0.23

0.20

0.22

0.24

DER(X)

0.27

0.30

0.26

0.29

0.32

ROA (%)

30.07

33.85

35.94

30.35

20.13

ROE (%)

38.63

44.48

45.65

39.33

26.64

GPM (%)

41.67

43.85

47.08

47.48

45.50

OPM (%)

24.97

27.74

30.18

31.30

29.30

NPM (%)

18.49

20.67

23.12

25.33

24.05

Payout Ratio (%)

50.00

50.58

55.00

50.00

2.67

5.15

4.09

3.24

2009

2010

Sep-11

NET INCOME (Billion Rupiah)

3,633
3,326

3,633

2,792
2,524

2,907

2,180

Yield (%)

2008

1,775

1,453

727

2007

2008

2009

2010

Sep-11