Business Potential

FMCG, or known as Fast Moving Consumer Goods, is one of the large industries in Indonesia, where this
industry is engaged in the community's needs. The community's needs are increasing day by day,
resulting in the FMCG industry having a fast movement. Therefore UNVR has a relatively prolonged and
considerable potential for growth and development to go bankrupt though this industry is relatively
slight.

Investment Risk

Debt Risk

UNVR needs to keep the Debt to Equity Ratio below 400% and Current Ratio above 1, the maximum and
minimum allowed by the lender or the bank. Until 2019, UNVR has a Debt to Equity Ratio of 291% and a
Current Ratio of 0.65x, which means UNVR has obtained quite many loans. However, UNVR must
manage its Financial Leverage so as not to exceed the limit.

Economy Growth

Economic conditions that continue to change can result in changes in company performance, where if
the economy decreases, a decrease in consumer demand for UNVR products will occur. Government
policies, such as fiscal stimulus, tax changes, and price controls, can affect UNVR's growth and
profitability.