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COMPANY REPORT

AKRA
AKR CORPORINDO TBK.

Company Profile

PTAKRCorporindoTbk.wasestablishedinSurabayaonNovember28th,1977andstarted
its commercial operations in June 1978. The Company is currently engaged in the
distribution of petroleum products to industrial customers, distribution and trading of
chemicalproducts(suchascausticsoda,sodiumsulphate,PVCresinandsodaash)usedby
variousindustriesinIndonesiainaccordancewithdistributorshipagreementswithforeign
and local manufacturers, rental of warehouses, transportation vehicles, tanks, and other
logisticservices.

As of 2013, through evaluation and selection process, the Company is appointed by BPH
Migas as one of the companies entitled to supply and distribute subsidized petroleum.
Initially, the Company has been allocated 267,892 KL of subsidized petroleum for
distribution in 2013. As of early June 2013, the allocation quota for the year 2013 for
distributionofMogasgasolineRON88anddieselhasbeenincreasedto880,850KL.The
areaofdistributionisnowexpandedtoincludecitiesintheprovinceofNorthSumatera,
Lampung, DKI Jakarta, Yogyakarta, South Kalimantan, West Kalimantan, East Kalimantan,
Banten,WestJava,CentralJava,EastJava,Bali,andSouthSulawesi.

TheCompanyisdomiciledatWismaAKR,8thFloor,JIn.PanjangNo.5,KebonJeruk,Jakarta.
Its major branch office is located at JI. Sumatra No. 5153, Surabaya. Other sales offices
also the tank terminals are located in Medan, Palembang, Lampung, Ciwandan (Banten),
Bandung, Semarang, Pontianak, Balikpapan, Banjarmasin, Stagen (South Kalimantan),
Makassar, Manado, and Bali. The Company also has a representative office in Guigang,
China.

The Company has ownership in subdidiaries: PT Usaha Era Pratama Nusantara, PT
Andahanesa Abadi, PT Arjuna Utama Kimia, PT Anugrah Karya Raya and subsidiaries, PT
JakartaTankTerminal,Khalista(Liuzhou)ChemicallndustriesLtd.,AKR(Guigang)PortCo.
Ltd.,AKR(Guangxi)CoalTradingCo.Ltd.,Guangxi(Guigang)AKRContainerPortCo.Ltd.,
AKR(Guigang)TransshipmentPortCo.Ltd.,PTAKRSeaTransport,PTAKRNiagaIndonesia,
PT AKR Transportasi Indonesia, PT Bumi Karunia Pertiwi, PT Sarana Tambang Utama, PT
RizkiTambangSelaras,PTMineralTambangWahana,andPTBarutaAbadi.

TheCompanyanditsSubsidiarieshadtotalpermanentemployeesof2,482asofDecember
31th,2013.

January 2014

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.
AKRA AKR Corporindo Tbk. [S]
COMPANY REPORT : JANUARY 2014 As of 30 January 2014
Main Board Individual Index : 3,506.786
Industry Sector : Trade, Services & Investment (9) Listed Shares : 3,880,727,500
Industry Sub Sector : Wholesale (Durable & Non-Durable Goods) (91) Market Capitalization : 17,075,201,000,000
44 | 17.1T | 0.39% | 73.09%

23 | 11.6T | 1.05% | 55.89%

COMPANY HISTORY SHAREHOLDERS (January 2014)


Established Date : 28-Nov-1977 1. PT Arthakencana Rayatama 2,296,640,320 : 59.18%
Listing Date : 03-Oct-1994 2. Public (<5%) 1,584,087,180 : 40.82%
Under Writer IPO :
PT Lippo Securities DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Bonus Cash Recording Payment
F/I
PT Raya Saham Registra Year Shares Dividend Cum Date Ex Date Date Date
Plaza Central Building 2nd Fl. 1995 80.00 27-Jan-95 30-Jan-95 06-Feb-95 28-Feb-95 I
Jln. Jend. Sudirman Kav. 47 - 48 Jakarta 12930 1994 50.00 11-Jul-95 12-Jul-95 20-Jul-95 11-Aug-95 F
Phone : (021) 252-5666 1995 80.00 17-Nov-95 20-Nov-95 28-Nov-95 18-Dec-95 I
Fax : (021) 252-5028 1996 10 : 6 26-Feb-96 27-Feb-96 06-Mar-96 29-Mar-96
1995 70.00 07-Jun-96 10-Jun-96 18-Jun-96 11-Jul-96 F
BOARD OF COMMISSIONERS 1996 50.00 23-Jun-97 24-Jun-97 01-Aug-97 26-Aug-97 F
1. Soegiarto Adikoesoemo 2002 25.00 03-Sep-03 04-Sep-03 08-Sep-03 19-Sep-03 F
2. I Nyoman Mastra *) 2003 50.00 28-Jun-04 29-Jun-04 01-Jul-04 14-Jul-04 F
3. Sabirin Saiman 2005 40.00 02-May-05 03-May-05 06-May-05 19-May-05
*) Independent Commissioners 2005 60.00 01-Sep-06 04-Sep-06 06-Sep-06 19-Sep-06 F
2006 65.00 27-Jun-07 28-Jun-07 02-Jul-07 16-Jul-07 F
BOARD OF DIRECTORS 2007 19.00 03-Jun-08 04-Jun-08 06-Jun-08 16-Jun-08 F
1. Haryanto Adikoesoemo 2008 21.00 09-Jun-09 10-Jun-09 12-Jun-09 19-Jun-09 F
2. Arief Budiman Utomo 2009 25.00 25-May-10 26-May-10 31-May-10 14-Jun-10 F
3. Bambang Soetiono Soedijanto 2010 30.00 19-Nov-10 22-Nov-10 24-Nov-10 09-Dec-10 I
4. Jimmy Tandyo 2010 135.00 11-Mar-11 14-Mar-11 16-Mar-11 29-Mar-11 I
5. Mery Sofi 2010 2.00 31-May-11 01-Jun-11 06-Jun-11 20-Jun-11 F
6. Nery Polim 2011 200.00 22-Aug-11 23-Aug-11 25-Aug-11 08-Sep-11 I
7. Suresh Vembu 2011 25.00 06-Jun-12 07-Jun-12 11-Jun-12 25-Jun-12 F
2012 40.00 26-Dec-12 27-Dec-12 02-Jan-13 16-Jan-13 I
AUDIT COMMITTEE 2012 65.00 31-May-13 03-Jun-13 05-Jun-13 20-Jun-13 F
1. I Nyoman Mastra 2013 50.00 18-Sep-13 19-Sep-13 23-Sep-13 04-Oct-13 I
2. Ngurah Gede
3. Subarto Zaini ISSUED HISTORY
Listing Trading
CORPORATE SECRETARY No. Type of Listing Shares Date Date
Harryati Utami 1. First Issue 15,000,000 03-Oct-94 03-Oct-94
2. Company Listing 50,000,000 T: 03-Oct-94 : 06-May-95
HEAD OFFICE 3. Bonus Shares 39,000,000 01-Apr-96 01-Apr-96
Wisma AKR 7th - 8th Fl. 4. Stock Split 2,600,000,000 T: 30-Sep-96 : 27-Jul-07
Jln. Panjang No. 5, Kebon Jeruk 5. Right Issue 1,043,658,500 T: 20-Dec-04 : 16-Feb-10
Jakarta 6. OPSI Conversion 18,292,500 T: 11-Apr-08 : 15-Oct-09
Phone : (021) 531-1110 7. Opsi MSOP Conversion I, II & III 26,537,500 T: 09-Apr-10 : 13-Oct-10
Fax : (021) 531-1185, 531-1388, 531-1128 8. Opsi MSOP Conversion I & III 447,500 T: 12-Apr-10 : 15-Apr-10
9. Opsi MSOP Conversion II, III & IV 28,607,500 T: 13-Apr-11 : 14-Apr-11
Homepage : www.akr.co.id 10. Opsi MSOP Conversion II, III, IV 432,500 12-Oct-11 12-Oct-11
Email : harryati.utami@akr.co.id 11. Opsi MSOP Conversion IV 195,000 T: 13-Oct-11 : 12-Apr-13
tami@akr.co.id 12. Opsi MSOP Conversion III, IV, V 28,907,500 09-Apr-12 09-Apr-12
13. Opsi MSOP Conversion III 550,000 10-Apr-12 10-Apr-12
14. Opsi MSOP Conversion IV, V 29,099,000 T: 09-Apr-13 : 10-Apr-13
AKRA AKR Corporindo Tbk. [S]
TRADING ACTIVITIES
Closing Price* and Trading Volume
AKR Corporindo Tbk. [S] Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2010 - January 2014 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
6,000 480 Jan-10 1,330 1,120 1,180 12,300 378,735 467,942 20
Feb-10 1,200 980 1,020 9,796 730,443 772,002 19
5,250 420 Mar-10 1,040 900 930 11,390 404,402 401,185 22
Apr-10 1,050 880 1,030 18,201 472,646 461,177 21
May-10 1,040 910 970 9,782 303,828 297,455 19
4,500 360
Jun-10 1,150 950 1,060 9,030 305,999 321,697 22
Jul-10 1,200 990 1,190 10,576 344,118 370,729 22
3,750 300
Aug-10 1,400 1,190 1,230 10,505 297,345 388,187 21
Sep-10 1,540 1,220 1,510 15,621 365,415 507,625 17
3,000 240
Oct-10 1,590 1,320 1,510 21,910 540,611 790,741 21
Nov-10 1,720 1,450 1,460 18,191 396,989 629,461 21
2,250 180 Dec-10 1,820 1,460 1,730 17,921 319,477 532,404 20

1,500 120 Jan-11 1,730 1,390 1,440 21,826 383,691 600,618 21


Feb-11 1,630 1,350 1,560 13,847 227,243 339,089 18
750 60 Mar-11 1,660 1,420 1,470 22,274 343,580 527,701 23
Apr-11 1,720 1,450 1,710 21,474 394,286 615,401 20
May-11 1,840 1,580 1,840 19,868 352,872 589,727 21
Jun-11 2,200 1,770 2,125 13,270 258,481 495,557 20
Jan-10 Jan-11 Jan-12 Jan-13 Jan-14
Jul-11 3,125 2,100 3,050 24,160 378,575 948,766 21
Aug-11 3,100 2,450 2,650 33,390 463,554 1,302,769 19
Sep-11 2,775 2,150 2,400 21,997 339,598 863,164 20
Closing Price*, Jakarta Composite Index (IHSG) and Oct-11 3,125 2,200 3,025 22,226 282,903 759,571 21
Trade, Sevices and Investment Index Nov-11 3,250 2,750 2,850 24,988 317,985 950,762 22
January 2010 - January 2014 Dec-11 3,075 2,900 3,025 25,252 339,968 1,011,851 21
420%
Jan-12 3,650 3,000 3,650 39,838 414,607 1,404,452 21
360% Feb-12 3,900 3,500 3,600 22,274 284,426 1,042,116 21
Mar-12 4,425 3,550 4,300 24,831 311,040 1,231,547 21
300% Apr-12 4,350 4,000 4,125 23,979 243,621 1,019,079 20
280.4% May-12 4,200 3,325 3,375 23,693 271,922 1,014,240 21
240% Jun-12 3,775 3,150 3,475 21,238 224,399 789,842 21
Jul-12 3,950 3,500 3,650 27,387 311,055 1,151,428 22
Aug-12 3,750 3,325 3,500 18,714 297,106 1,049,276 19
180% 180.6%
Sep-12 4,275 3,450 4,250 20,476 278,456 1,072,492 20
Oct-12 4,550 3,975 4,450 18,786 216,605 931,478 22
120%
Nov-12 4,700 4,225 4,300 17,677 217,527 962,649 20
Dec-12 4,325 3,950 4,150 16,535 226,058 935,688 18
71.6%
60%

Jan-13 4,200 3,775 3,875 23,466 315,427 1,245,106 21


- Feb-13 4,500 3,825 4,475 19,230 218,111 902,451 20
Mar-13 5,550 4,425 5,000 14,741 189,877 947,949 19
-60% Apr-13 5,350 4,850 5,150 17,228 166,257 851,310 22
Jan 10 Jan 11 Jan 12 Jan 13 Jan 14 May-13 5,500 4,850 5,350 19,669 183,716 958,295 22
Jun-13 6,100 4,625 5,300 31,480 288,147 1,525,542 19
Jul-13 5,450 4,325 4,325 26,256 227,366 1,090,451 23
SHARES TRADED 2010 2011 2012 2013 Jan-14 Aug-13 4,950 3,475 3,975 22,430 245,307 1,040,139 17
Volume (Million Sh.) 4,860 4,083 3,297 2,637 152 Sep-13 4,650 3,500 4,000 22,308 275,681 1,093,424 21
Value (Billion Rp) 5,941 9,005 12,604 12,158 681 Oct-13 5,350 4,000 4,850 19,727 193,237 914,203 21
Frequency (Thou. X) 165 265 275 251 32 Nov-13 5,050 4,425 4,675 19,926 204,324 972,950 20
Days 245 247 246 244 20 Dec-13 4,975 4,350 4,375 14,061 129,874 616,656 19

Price (Rupiah) Jan-14 4,820 4,175 4,400 32,248 151,840 680,984 20


High 1,820 3,250 4,700 6,100 4,820
Low 880 1,350 3,000 3,475 4,175
Close 1,730 3,025 4,150 4,375 4,400
Close* 1,730 3,025 4,150 4,375 4,400

PER (X) 21.10 22.62 21.15 24.25 24.39


PER Industry (X) 21.27 16.89 19.08 15.43 17.12
PBV (X) 2.75 3.23 3.80 3.16 3.18
* Adjusted price after corporate action
AKRA AKR Corporindo Tbk. [S]
Financial Data and Ratios Book End : December
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)

BALANCE SHEET Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Cash & Cash Equivalents 273,694 691,848 1,329,789 1,884,943 820,065 15,000

Receivables 1,411,368 1,685,658 2,189,012 3,224,397 4,351,773


709,518 1,424,614 1,250,135 1,415,169 1,823,246 12,000
Inventories
Current Assets 2,694,116 4,028,178 5,239,361 7,414,601 7,723,315
9,000
Fixed Assets 2,859,238 3,037,893 2,437,215 3,177,350 4,226,692
Other Assets 41,770 54,569 40,371 24,372 20,218
6,000
Total Assets 6,059,070 7,665,590 8,308,244 11,787,525 14,633,141
Growth (%) 26.51% 8.38% 41.88% 24.14% 3,000

Current Liabilities 2,810,284 3,844,218 3,860,012 5,142,386 6,593,292 -


Long Term Liabilities 1,021,968 962,539 873,528 2,435,399 2,676,688 2009 2010 2011 2012 2013
Total Liabilities 3,832,253 4,806,757 4,733,540 7,577,785 9,269,980
Growth (%) 25.43% -1.52% 60.09% 22.33%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 750,000 750,000 750,000 750,000 750,000 5,363
Paid up Capital 313,829 379,294 382,199 385,144 388,073
Paid up Capital (Shares) 3,138 3,793 3,822 3,851 3,881 4,210
Par Value 100 100 100 100 100
4,269

3,575
Retained Earnings 1,106,861 1,213,492 2,222,920 2,931,851 3,289,047
3,175

Total Equity 1,741,060 2,386,407 3,574,704 4,209,740 5,363,161 2,386


Growth (%) 37.07% 49.79% 17.76% 27.40% 2,081 1,741

INCOME STATEMENTS Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 987

Total Revenues 8,959,842 12,194,997 18,805,950 21,673,954 22,337,928


Growth (%) 36.11% 54.21% 15.25% 3.06%
-107

2009 2010 2011 2012 2013

Cost of Revenues 8,006,211 11,235,313 17,787,552 20,412,678 20,970,288


Gross Profit 953,631 959,684 1,018,398 1,261,276 1,367,641
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 413,663 498,761 302,869 430,920 600,059
Operating Profit 539,968 460,923 715,529 830,356 767,582 21,674 22,338
22,338

Growth (%) -14.64% 55.24% 16.05% -7.56% 18,806


17,781

Other Income (Expenses) -71,713 -40,832 24,443 -20,673 -37,581


468,256 420,091 739,972 809,682 733,053 12,195
Income before Tax 13,224

Tax 128,359 80,999 145,838 190,849 117,426 8,960


Profit for the period 339,896 339,092 2,284,080 618,833 615,627
8,667

Growth (%) -0.24% 573.59% -72.91% -0.52%


4,110

Period Attributable 339,896 310,916 2,293,427 649,314 648,250 -447

Comprehensive Income 274,719 311,166 2,331,631 755,870 980,588 2009 2010 2011 2012 2013
Comprehensive Attributable - 290,721 2,339,138 775,371 969,250

RATIOS Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 95.87 104.79 135.73 144.19 117.14
2,284
Dividend (Rp) 25.00 167.00 225.00 105.00 50.00 2,284

EPS (Rp) 108.31 81.97 600.06 168.59 167.04


BV (Rp) 554.78 629.17 935.30 1,093.03 1,382.00 1,818

DAR (X) 0.63 0.63 0.57 0.64 0.63


1,352

DER(X) 2.20 2.01 1.32 1.80 1.73


ROA (%) 5.61 4.42 27.49 5.25 4.21 886

619 616
ROE (%) 19.52 14.21 63.90 14.70 11.48
340 339
GPM (%) 10.64 7.87 5.42 5.82 6.12 420

OPM (%) 6.03 3.78 3.80 3.83 3.44


NPM (%) 3.79 2.78 12.15 2.86 2.76
-46

2009 2010 2011 2012 2013


Payout Ratio (%) 23.08 203.73 37.50 62.28 29.93
Yield (%) 2.14 9.65 7.44 2.53 1.14