INTP Indocement Tunggal Prakarsa Tbk.

COMPANY REPORT : JANUARY 2019 As of 31 January 2019

Main Board Individual Index : 769.000
Industry Sector : Basic Industry& Chemicals (3) Listed Shares : 3,681,231,699
Industry Sub Sector : Cement (31) Market Capitalization : 70,771,679,413,275
18 | 70.8T | 0.95% | 56.80%

45 | 10.7T | 0.52% | 72.09%

COMPANY HISTORY SHAREHOLDERS (December 2018)

Established Date : 16-Jan-1985 1. Birchwood Omnia Limited 1,877,480,863 : 51.00%
Listing Date : 05-Dec-1989 (IPO Price: 10,000) 2. Public (<5%) 1,803,750,836 : 49.00%
Underwriter IPO :
PT (Persero) Danareksa DIVIDEND ANNOUNCEMENT
PT Merchant Investment Corporation Bonus Cash Recording Payment
F/I
PT Multicor Bank Pembangunan Indonesia Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1991 150.00 13-Feb-91 14-Feb-91 21-Feb-91 15-Mar-91 I
PT Raya Saham Registra 1991 175.00 27-May-92 29-May-92 5-Jun-92 18-Jun-92 F
1992 250.00 1-Jul-93 2-Jul-93 9-Jul-93 10-Aug-93 F
BOARD OF COMMISSIONERS 1993 208.00 13-Jul-94 14-Jul-94 21-Jul-94 15-Aug-94 F
1. Kevin Gerard Gluskie 1993 1:1 12-Aug-94 15-Aug-94 23-Aug-94 23-Sep-94 BS
2. Albert Scheuer 1994 120.00 19-Jul-95 20-Jul-95 28-Jul-95 25-Aug-95 F
3. Bernhard Schelfele 1995 40.00 23-Aug-95 24-Aug-95 1-Sep-95 29-Sep-95 I
4. Lorenz Naeger 1995 120.00 12-Jul-96 15-Jul-96 23-Jul-96 21-Aug-96 F
5. Simon Subrata *) 1996 70.00 11-Jul-97 14-Jul-97 23-Jul-97 21-Aug-97 F
6. Tedy Djuhar *) 1996 10:3 8-Sep-97 9-Sep-97 17-Sep-97 30-Sep-97 I
*) Independent Commissioners 2005 50.00 19-Jul-06 20-Jul-06 24-Jul-06 7-Aug-06 F
2006 30.00 27-Jun-07 28-Jun-07 2-Jul-07 16-Jul-07 I
BOARD OF DIRECTORS 2007 40.00 5-Jun-08 6-Jun-08 10-Jun-08 24-Jun-08 F
1. Christian Kartawijaya 2008 150.00 2-Jun-09 3-Jun-09 5-Jun-09 19-Jun-09 F
2. Benny Setiawan Santoso 2009 225.00 21-Jun-10 22-Jun-10 24-Jun-10 7-Jul-10 F
3. David Jonathan Clarke 2010 263.00 17-Jun-11 20-Jun-11 22-Jun-11 7-Jul-11 F
4. Franciscus Wellirang 2011 293.00 18-Jun-12 19-Jun-12 21-Jun-12 5-Jul-12 F
5. Hasan Imer 2012 450.00 20-Jun-13 21-Jun-13 25-Jun-13 9-Jul-13 F
6. Juan Francisco Defalque 2013 900.00 19-Jun-14 20-Jun-14 24-Jun-14 8-Jul-14 F
7. Oey Marcos 2014 1,350.00 21-May-15 22-May-15 26-May-15 17-Jun-15 F
8. Ramakanta Bhattacharjee 2015 415.00 17-May-16 18-May-16 20-May-16 10-Jun-16 F
9. Troy Dartojo Soputro 2016 929.00 30-May-17 31-May-17 5-Jun-17 22-Jun-17 F
2017 700.00 30-May-18 31-May-18 5-Jun-18 22-Jun-18 F
AUDIT COMMITTEE
1. Simon Subrata ISSUED HISTORY
2. Jusuf Halim Listing Trading
3. Lindawati Gani No. Type of Listing Shares Date Date
1. First Issue 89,832,150 5-Dec-89 5-Dec-89
CORPORATE SECRETARY 2. Koperasi 6,000,000 T: 26-Jun-92 : 31-Dec-99
Oey Marcos 3. Founder Shares 946,119 T: 7-Mar-94 : 2-Sep-94
4. Convertible Bond 8,555,640 T: 7-Mar-94 : 10-Nov-94
HEAD OFFICE 5. Bonus Shares 599,790,020 T: 12-Sep-94 : 26-Sep-94
Wisma Indocement, 13rd Floor 6. Company Listing 502,102,731 12-Sep-94 12-Sep-94
Jl. Jend. Sudirman Kav.70-71 7. Stock Split 1,207,226,660 2-Sep-96 2-Sep-96
Jakarta 12910 8. Additional Listing 69,863,127 9-Jan-01 9-Jan-01
Phone : (021) 251-2121, 252-2121,570-3817 9. Right Issue 1,196,907,072 24-Apr-01 24-Apr-01
Fax : (021) 570-1693 10. Warrant 8,180 12-May-03 12-May-03
Homepage : www.indocement.com
Email : [email protected]
[email protected]
 INTP Indocement Tunggal Prakarsa Tbk.
TRADING ACTIVITIES
Closing Price* and Trading Volume
Indocement Tunggal Prakarsa Tbk. Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2015 - January 2019 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
26,000 160 Jan-15 25,500 21,325 23,000 59,898 112,706 2,596,245 21
Feb-15 24,325 22,650 24,050 38,270 51,124 1,209,902 19
22,750 140 Mar-15 24,300 20,475 21,925 53,486 87,898 1,969,041 22
Apr-15 23,700 20,700 21,000 39,145 67,087 1,500,898 21
May-15 23,425 21,100 22,400 41,944 185,783 4,180,361 19
19,500 120
Jun-15 22,450 20,625 20,875 36,792 168,941 3,586,859 21
Jul-15 22,450 19,475 20,025 32,856 39,233 831,544 19
16,250 100
Aug-15 20,200 16,175 19,625 48,556 59,733 1,122,761 20
Sep-15 20,050 16,000 16,450 48,472 44,373 811,929 21
13,000 80
Oct-15 21,025 16,100 18,000 71,016 86,080 1,608,882 21
Nov-15 21,400 17,900 18,700 51,050 54,994 1,085,736 21
9,750 60 Dec-15 22,800 19,025 22,325 37,676 33,403 693,474 19

6,500 40 Jan-16 22,425 18,075 19,700 63,144 74,904 1,483,571 20

Feb-16 20,300 18,450 20,025 49,336 64,737 1,263,594 20
3,250 20 Mar-16 20,850 19,250 19,725 43,398 63,350 1,282,258 21
Apr-16 20,800 19,550 19,725 27,722 38,762 774,930 21
May-16 19,550 15,525 16,650 56,302 74,033 1,266,067 20
Jun-16 16,875 15,550 16,875 38,912 41,403 674,323 22
Jan-15 Jan-16 Jan-17 Jan-18 Jan-19
Jul-16 17,300 16,350 17,075 40,954 185,206 2,938,432 16
Aug-16 19,400 17,000 17,700 46,606 328,271 5,603,734 22
Sep-16 18,400 16,900 17,350 38,832 41,799 737,059 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-16 18,225 16,250 16,450 37,638 120,944 1,892,755 21
Basic Industry and Chemicals Index Nov-16 16,600 14,275 15,975 41,996 44,920 688,693 22
January 2015 - January 2019 Dec-16 16,800 14,675 15,400 28,099 32,276 518,964 20
80%

68.3% Jan-17 16,000 14,600 15,025 24,266 23,885 368,934 21

60% Feb-17 16,100 15,100 15,150 24,219 24,366 378,430 19
Mar-17 16,875 15,175 16,600 32,509 53,083 845,082 22
40% Apr-17 17,200 15,975 16,950 20,014 36,865 610,964 17
May-17 19,000 15,800 18,500 47,567 85,381 1,523,427 20
24.6% Jun-17 18,775 17,500 18,450 35,966 46,831 852,149 15
20%
Jul-17 18,975 17,150 17,500 33,868 47,917 863,926 21
Aug-17 20,000 17,200 19,800 30,432 56,884 1,086,888 22
-
Sep-17 19,650 18,325 18,900 27,230 32,263 612,834 19
Oct-17 23,500 18,900 22,450 40,779 46,483 921,088 22
-20%
-22.5% Nov-17 23,950 18,375 18,425 46,188 45,225 925,876 22
Dec-17 22,000 18,375 21,950 42,780 43,774 872,279 18
-40%

Jan-18 23,400 20,725 21,800 49,107 33,837 753,002 22

-60% Feb-18 22,725 19,875 21,975 40,068 32,639 695,297 19
Mar-18 21,975 15,850 16,000 50,394 48,623 908,210 21
-80% Apr-18 19,875 15,550 17,725 48,725 56,878 1,009,561 21
Jan 15 Jan 16 Jan 17 Jan 18 Jan 19 May-18 19,600 16,025 17,625 57,272 48,873 861,097 20
Jun-18 17,875 12,875 13,650 43,985 52,413 797,378 13
Jul-18 15,175 12,500 14,125 43,687 52,803 728,610 22
SHARES TRADED 2015 2016 2017 2018 Jan-19 Aug-18 17,850 13,425 17,725 53,460 72,861 1,128,670 21
Volume (Million Sh.) 991 1,111 543 600 55 Sep-18 18,500 15,500 18,500 44,276 58,922 973,959 19
Value (Billion Rp) 21,198 19,124 9,862 10,482 1,015 Oct-18 18,225 15,475 17,300 40,749 42,532 706,732 23
Frequency (Thou. X) 559 513 406 584 60 Nov-18 21,250 16,600 19,100 64,697 58,645 1,112,184 21
Days 244 246 238 240 22 Dec-18 20,775 17,925 18,450 47,374 41,064 807,554 18

Price (Rupiah) Jan-19 20,200 17,000 19,225 59,501 54,961 1,014,857 22

High 25,500 22,425 23,950 23,400 20,200
Low 16,000 14,275 14,600 12,500 17,000
Close 22,325 15,400 21,950 18,450 19,225
Close* 22,325 15,400 21,950 18,450 19,225

PER (X) 18.86 13.51 43.45 82.47 85.93

PER Industry (X) 4.10 20.86 13.10 13.74 15.89
PBV (X) 3.44 2.23 3.29 3.01 3.13
* Adjusted price after corporate action
 INTP Indocement Tunggal Prakarsa Tbk.
Financial Data and Ratios Book End : December
Public Accountant : Purwantono, Sungkoro & Surja

BALANCE SHEET Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(in Million Rp, except Par Value) Assets Liabilities
Cash & Cash Equivalents 11,256,129 8,655,562 9,674,030 8,294,891 5,778,773 31,250

Receivables 2,670,993 2,534,690 2,616,979 2,503,780 3,142,850

1,665,546 1,521,197 1,780,410 1,768,603 1,845,875 25,000
Inventories
Current Assets 16,086,773 13,133,854 14,424,622 12,883,074 11,170,522
18,750
Fixed Assets 12,143,632 13,813,892 14,643,695 14,979,453 14,434,787
Other Assets 421,823 398,265 453,899 456,247 580,456
12,500
Total Assets 28,884,973 27,638,360 30,150,580 28,863,676 26,634,347
Growth (%) -4.32% 9.09% -4.27% -7.72% 6,250

Current Liabilities 3,260,559 2,687,743 3,187,742 3,479,024 3,250,017 -

Long Term Liabilities 839,613 1,084,667 824,135 828,145 784,671 2014 2015 2016 2017 Sep-18
Total Liabilities 4,100,172 3,772,410 4,011,877 4,307,169 4,034,688
Growth (%) -7.99% 6.35% 7.36% -6.33%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 26,139
1,840,616 1,840,616 1,840,616 1,840,616 1,840,616 24,785 24,557
Paid up Capital 26,139
23,866
22,600
Paid up Capital (Shares) 3,681 3,681 3,681 3,681 3,681
Par Value 500 500 500 500 500
20,806

Retained Earnings 20,159,896 19,540,851 21,883,459 20,323,413 18,364,242

24,784,801 23,865,950 26,138,703 24,556,507 22,599,659
15,474

Total Equity
Growth (%) -3.71% 9.52% -6.05% -7.97% 10,142

INCOME STATEMENTS Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 4,810

Total Revenues 19,996,264 17,798,055 15,361,894 14,431,211 10,772,857

Growth (%) -10.99% -13.69% -6.06%
-523

2014 2015 2016 2017 Sep-18

Cost of Revenues 10,909,595 9,888,919 9,030,433 9,423,490 7,894,353

Gross Profit 9,086,669 7,909,136 6,331,461 5,007,721 2,878,504
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 3,111,676 2,852,206 2,686,866 3,132,876 2,351,827
Operating Profit 5,974,993 5,056,930 3,644,595 1,874,845 526,677 19,996

-15.37% -27.93% -48.56% 17,798

Growth (%)
19,996

15,362
15,917
14,431
Other Income (Expenses) 814,609 588,181 501,784 413,144 234,776
Income before Tax 6,789,602 5,645,111 4,146,379 2,287,989 761,453 11,838
10,773

Tax 1,515,593 1,288,450 276,060 428,171 143,762

Profit for the period 5,274,009 4,356,661 3,870,319 1,859,818 617,691 7,759

Growth (%) -17.39% -11.16% -51.95%

3,679

Period Attributable 5,270,872 4,356,661 3,870,319 1,859,818 617,691 -400

Comprehensive Income 5,153,776 4,258,600 3,800,464 1,837,668 620,014 2014 2015 2016 2017 Sep-18
Comprehensive Attributable 5,150,639 4,258,600 3,800,464 1,837,668 620,014

RATIOS Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 493.37 488.66 452.50 370.31 343.71
5,274
Dividend (Rp) 1,350.00 415.00 929.00 700.00 - 5,274

EPS (Rp) 1,431.82 1,183.48 1,051.37 505.22 167.79 4,357

3,870
BV (Rp) 6,732.75 6,483.14 7,100.53 6,670.73 6,139.16 4,198

DAR (X) 0.14 0.14 0.13 0.15 0.15

DER(X) 0.17 0.16 0.15 0.18 0.18
3,122

ROA (%) 18.26 15.76 12.84 6.44 2.32 1,860

2,046

ROE (%) 21.28 18.25 14.81 7.57 2.73

GPM (%) 45.44 44.44 41.22 34.70 26.72 970 618

OPM (%) 29.88 28.41 23.72 12.99 4.89

NPM (%) 26.37 24.48 25.19 12.89 5.73
-105

2014 2015 2016 2017 Sep-18

Payout Ratio (%) 94.29 35.07 88.36 138.55 -
Yield (%) 5.40 1.86 6.03 3.19 -

*US$ Rate (BI), Rp 12,436 13,794 13,436 13,548 14,929