BBTN Bank Tabungan Negara (Persero) Tbk.

COMPANY REPORT : JANUARY 2014 As of 30 January 2014

Main Board Individual Index : 117.391
Industry Sector : Finance (8) Listed Shares : 10,458,953,500
Industry Sub Sector : Bank (81) Market Capitalization : 9,413,058,150,000
80 | 9.41T | 0.22% | 83.52%

43 | 6.62T | 0.60% | 70.96%

COMPANY HISTORY SHAREHOLDERS (January 2014)

Established Date : 30-Nov-1934 1. Negara Republik Indonesia 6,354,000,000 : 60.14%
Listing Date : 17-Dec-2009 2. GIC S/A Government Of Singapore 535,514,880 : 5.07%
Under Writer IPO : 3. Public (<5%) 3,569,438,620 : 34.79%
PT Mandiri Sekuritas
PT CIMB Securities Indonesia DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Bonus Cash Recording Payment
F/I
PT Datindo Entrycom Year Shares Dividend Cum Date Ex Date Date Date
Wisma Sudirman - Puri Datindo 2009 15.09 10-Jun-10 11-Jun-10 15-Jun-10 29-Jun-10 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2010 31.19 10-Jun-11 13-Jun-11 15-Jun-11 30-Jun-11 F
Phone : (021) 570-9009 2011 25.31 10-May-12 11-May-12 15-May-12 30-May-12 F
Fax : (021) 570-9026 2012 38.74 26-Apr-13 29-Apr-13 01-May-13 10-May-13 F
2013 44.36 18-Mar-14 19-Mar-14 21-Mar-14 07-Apr-14 F
BOARD OF COMMISSIONERS
1. Mardiasmo *) ISSUED HISTORY
2. Agung Kuswandono Listing Trading
3. Amanah Abdulkadir No. Type of Listing Shares Date Date
4. Dwijanti Tjahjaningsih *) 1. First Issue 2,360,057,000 17-Dec-09 17-Dec-09
5. Maulana Ibrahim 2. Company Listing 6,263,228,575 17-Dec-09 17-Dec-09
6. Sahala Lumban Gaol *) 3. MESOP Conversion I 121,939,500 T: 08-Feb-11 : 23-Jul-13
*) Independent Commissioners 4. MESOP Conversion I & II 5,613,500 T: 06-Feb-12 : 13-Jun-12
5. MESOP Conversion I 1,999,000 T: 14-Feb-12 : 16-Mar-12
BOARD OF DIRECTORS 6. Right Issue 1,497,728,925 07-Dec-12 07-Dec-12
1. Maryono 7. MESOP Conversion I, II & III 208,387,000 T: 07-Feb-13 : 17-Jul-13
2. Hulmansyah
3. Iman Nugroho Soeko
4. Irman A Zahiruddin
5. Mansyur S Nasution
6. Rico Rizal Budidarmo
7. Sri Purwanto

AUDIT COMMITTEE
1. Maulana Ibrahim
2. Sondang Gayatri
3. Waldy Gutama

CORPORATE SECRETARY
Viator Simbolon

HEAD OFFICE
Menara Bank BTN
Jln. Gajah Mada No. 1
Jakarta - 10130
Phone : (021) 633-6789, 633-2666
Fax : (021) 633-6719

Homepage : www.btn.co.id
Email : viator.simbolon@btn.co.id
 BBTN Bank Tabungan Negara (Persero) Tbk.
TRADING ACTIVITIES
Closing Price* and Trading Volume
Bank Tabungan Negara (Persero) Tbk. Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2010 - January 2014 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
2,000 1,600 Jan-10 1,070 830 1,060 25,121 1,224,881 1,173,575 20
Feb-10 1,100 1,000 1,060 16,222 585,934 620,401 19
1,750 1,400 Mar-10 1,350 1,010 1,330 16,767 771,893 894,629 22
Apr-10 1,650 1,320 1,550 29,265 807,174 1,214,725 21
May-10 1,550 1,100 1,360 46,190 1,310,820 1,707,502 19
1,500 1,200
Jun-10 1,750 1,280 1,700 31,961 898,843 1,320,631 22
Jul-10 1,990 1,670 1,950 33,031 798,722 1,459,855 22
1,250 1,000
Aug-10 1,960 1,800 1,810 24,110 485,391 903,376 21
Sep-10 1,920 1,800 1,820 21,490 462,247 854,857 17
1,000 800
Oct-10 2,050 1,820 1,990 27,340 470,454 911,294 21
Nov-10 2,025 1,740 1,750 11,578 214,922 411,218 21
750 600 Dec-10 1,880 1,560 1,640 18,377 313,618 533,092 20

500 400 Jan-11 1,780 1,180 1,330 34,997 868,919 1,245,353 21

Feb-11 1,440 1,260 1,330 14,140 411,907 555,751 18
250 200 Mar-11 1,710 1,340 1,680 26,923 695,738 1,055,066 23
Apr-11 1,790 1,660 1,710 12,729 309,689 536,800 20
May-11 1,720 1,590 1,660 12,410 198,403 327,942 21
Jun-11 1,700 1,590 1,690 8,329 173,340 285,095 20
Jan-10 Jan-11 Jan-12 Jan-13 Jan-14
Jul-11 1,820 1,620 1,700 22,042 470,080 809,924 21
Aug-11 1,740 1,350 1,560 13,235 205,907 322,612 19
Sep-11 1,620 1,000 1,210 16,853 278,246 347,429 20
Closing Price*, Jakarta Composite Index (IHSG) and Oct-11 1,540 1,050 1,440 13,687 225,007 297,558 21
Finance Index Nov-11 1,490 1,210 1,250 20,559 276,832 376,344 22
January 2010 - January 2014 Dec-11 1,290 1,180 1,210 6,786 118,683 145,472 21
175%
Jan-12 1,270 1,180 1,200 11,071 302,240 369,927 21
150% Feb-12 1,250 1,160 1,220 8,442 170,762 205,487 21
Mar-12 1,220 1,160 1,200 3,803 62,277 74,561 21
125% Apr-12 1,440 1,200 1,380 14,473 365,152 486,519 20
May-12 1,390 1,190 1,200 5,250 81,787 107,075 21
100% Jun-12 1,400 1,130 1,290 6,698 139,270 177,699 21
Jul-12 1,380 1,240 1,370 7,747 193,721 255,431 22
87.8%
Aug-12 1,420 1,280 1,310 5,178 119,668 162,886 19
75%
71.6% Sep-12 1,460 1,250 1,440 12,362 317,570 423,906 20
Oct-12 1,650 1,360 1,520 12,271 306,185 452,863 22
50%
Nov-12 1,720 1,420 1,610 15,597 1,585,209 2,241,325 20
Dec-12 1,610 1,440 1,450 9,276 308,764 476,736 18
25%
11.5% Jan-13 1,640 1,450 1,620 12,496 502,676 774,616 21
- Feb-13 1,680 1,530 1,630 16,891 460,352 741,687 20
Mar-13 1,740 1,610 1,700 15,925 556,705 936,218 19
-25% Apr-13 1,720 1,470 1,490 13,858 462,242 745,326 22
Jan 10 Jan 11 Jan 12 Jan 13 Jan 14 May-13 1,510 1,260 1,420 24,534 686,550 950,640 22
Jun-13 1,400 1,010 1,150 19,347 347,074 411,522 19
Jul-13 1,250 1,020 1,040 17,377 380,644 430,266 23
SHARES TRADED 2010 2011 2012 2013 Jan-14 Aug-13 1,200 880 950 12,813 270,433 285,056 17
Volume (Million Sh.) 8,345 4,233 3,953 4,831 276 Sep-13 1,160 840 930 29,196 430,902 418,199 21
Value (Billion Rp) 12,005 6,305 5,434 6,396 253 Oct-13 1,030 910 970 17,269 337,041 325,799 21
Frequency (Thou. X) 301 203 112 200 18 Nov-13 1,020 900 970 10,701 240,433 230,220 20
Days 245 247 246 244 20 Dec-13 990 820 870 10,010 155,875 145,999 19

Price (Rupiah) Jan-14 970 835 900 18,385 275,674 252,515 20

High 2,050 1,820 1,720 1,740 970
Low 830 1,000 1,130 820 835
Close 1,640 1,210 1,450 870 900
Close* 1,577 1,163 1,450 870 900

PER (X) 15.60 10.42 11.06 6.52 6.75

PER Industry (X) 16.00 6.61 6.58 17.01 18.74
PBV (X) 2.22 1.46 1.46 0.83 0.86
* Adjusted price after corporate action
 BBTN Bank Tabungan Negara (Persero) Tbk.
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 on Hand 294,357 362,769 512,399 694,941 924,451 137,500

Placements with Other Banks 132,925 2,374,930 9,777,564 11,466,296 4,839,268

5,483,561 928,357 733,953 1,013,796 4,201,682 110,000
Marketable Securities
Loans 40,029,401 47,977,801 62,619,586 75,410,705 99,330,214
82,500
Investment - - - - -
Fixed Assets 1,236,672 1,460,837 1,497,455 1,582,812 1,522,724
55,000
Other Assets 477,303 512,830 626,938 759,956 783,770
Total Assets 58,516,058 68,385,539 89,121,459 111,748,593 131,169,730 27,500
Growth (%) 16.87% 30.32% 25.39% 17.38%
-
Deposits 40,719,717 48,104,318 62,762,985 81,374,686 96,482,879 2009 2010 2011 2012 2013
Taxes Payable - - - - -
Fund Borrowings 2,983,997 3,399,787 5,695,307 6,737,260 7,073,035
Other Liabilities 1,698,318 1,825,584 2,258,809 2,441,809 2,882,703 TOTAL EQUITY (Bill. Rp)
Total Liabilities 53,054,542 61,938,261 81,799,816 101,469,722 119,612,977 11,557
Growth (%) 16.74% 32.07% 24.05% 17.88% 11,557

10,279

Authorized Capital 10,239,216 10,239,216 10,239,216 10,239,216 10,239,216

9,199

7,322
Paid up Capital 4,357,029 4,357,029 4,404,536 5,178,220 5,282,427 6,447
5,462
6,842

Paid up Capital (Shares) 8,714 8,714 8,809 10,356 10,565

Par Value 500 500 500 500 500 4,484

Retained Earnings 450,709 1,262,197 1,157,372 3,175,036 4,328,008

Total Equity 5,461,516 6,447,278 7,321,643 10,278,871 11,556,753 2,126

Growth (%) 18.05% 13.56% 40.39% 12.43%

-231

2009 2010 2011 2012 2013

INCOME STATEMENTS Dec-09 Dec-10 Dec-11 Dec-12 Dec-13
Total Interest Income 5,729,941 6,498,752 7,556,104 8,818,579 10,782,877
Growth (%) 13.42% 16.27% 16.71% 22.27%
TOTAL INTEREST INCOME (Bill. Rp)

Interest Expenses 3,427,732 3,143,934 3,770,231 4,091,760 5,129,554 10,783

264,857 487,890 512,017 571,494 763,983

10,783

Other Operating Revenue

8,819
Other Operating Expenses 1,763,409 2,247,211 2,720,117 3,213,561 3,849,042 8,583

7,556
Income from Operations 739,438 1,263,717 1,525,749 1,870,969 2,135,909 6,499
Growth (%) 70.90% 20.74% 22.63% 14.16% 6,383
5,730

Non-Operating Revenues 6,379 -13,495 -3,489 -7,767 4,862

4,184

Income Before Tax 745,817 1,250,222 1,522,260 1,863,202 2,140,771

Provision for Income Tax 239,574 334,284 403,599 499,240 578,610
1,984

Profit for the period 506,243 915,938 1,118,661 1,363,962 1,562,161 -216

Growth (%) 80.93% 22.13% 21.93% 14.53% 2009 2010 2011 2012 2013

Period Attributable - - - 1,363,962 1,562,161

Comprehensive Income 490,453 915,938 1,026,201 1,357,839 1,443,057 PROFIT FOR THE PERIOD (Bill. Rp)
Comprehensive Attributable - - - - 1,443,057
1,562
1,364
RATIOS Dec-09 Dec-10 Dec-11 Dec-12 Dec-13
Dividend (Rp) 15.09 31.19 25.31 38.74 44.36 1,243
1,119

EPS (Rp) - - - 131.70 147.86 916

626.75 739.87 831.15 992.51 1,093.89

925

BV (Rp)
DAR (X) 0.91 0.91 0.92 0.91 0.91 606 506
DER(X) 9.71 9.61 11.17 9.87 10.35
ROA (%) 0.87 1.34 1.26 1.22 1.19 287

ROE (%) 9.27 14.21 15.28 13.27 13.52

OPM (%) 12.90 19.45 20.19 21.22 19.81
-31

2009 2010 2011 2012 2013

NPM (%) 8.84 14.09 14.80 15.47 14.49
Payout Ratio (%) 29.41 30.00
Yield (%) 1.80 1.90 2.09 2.67 5.10