PT Aqua Golden Mississippi Tbk.

Food and Beverages

Head Office Jl. Pulo Lentut No. 3 Summary of Financial Statement

Kawasan Industri Pulo Gadung
Jakarta 13920 (million rupiah)
Phone (021) 460-3070, 4682-3523 2005 2006 2007
Fax (021) 460-9177 Total Assets 732,354 795,244 891,530
Factories - Jalan Raya Jakarta - Bekasi Km. 27 Current Assets 442,484 527,137 564,787
Bekasi, Pondok Ungu, Jawa Barat of which
Phone (021) 460-0841, 460-0842 Cash and cash equivalents 58,892 36,577 44,200
Fax (021) 460-0842 Trade receivables 339,092 429,729 450,930
- Citeureup Inventories 24,342 23,732 24,701
Phone (021) 8670847, 8670848 Non-Current Assets 289,871 268,107 326,743
Fax (021) 8673545 of which
- Desa Mekarsari, Fixed Assets-Net 287,735 259,610 302,246
Kecamatan Cicurug Liabilities 318,127 342,897 377,577
Sukabumi, Jawa Barat Current Liabilities 62,333 73,395 79,642
Phone (0266) 732-622 of which
Fax (0266) 734433 Trade payables 42,838 48,463 55,404
Business Beverages (Bottled Mineral Water), Taxes payable 6,378 11,930 9,253
Lipton Ice Tea Accrued expenses 8,262 7,791 12,889
Company Status PMDN Non-Current Liabilities 255,794 269,501 297,936
Minority Interests in Subsidiaries 8,903 5,122 6,683
Financial Performance: Net profit surged 34.9% in 2007 to
IDR65.912 billion from IDR48.853 billion in 2006. The net revenue Shareholders' Equity 405,324 447,226 507,270
rose 15.9% in 2007 to IDR1.952 trillion from IDR1.683 trillion. Paid-up capital 13,162 13,162 13,162
Brief History: The company commenced its production in 1974 Paid-up capital
and currently owns bottling plants in Bekasi, Citeureup, Bogor in excess of par value 8,624 8,624 8,624
Revaluation of fixed assests 106 106 106
and Mekarsari, Sukabumi.The Company has total production ca-
Retained earnings 383,432 425,333 485,377
pacity of 640 million liters per annum. The Bekasi plant produces
for non-carbonated beverage with capacity of 40 million liters per Net Sales 1,563,156 1,683,721 1,952,156
annum. The company also grants licenses in Babakan Pari Cost of Goods Sold 1,459,062 1,567,477 1,832,966
(Sukabumi), Kuningan, Wonosobo, Pandaan, Bali, Lampung, Gross Profit 104,094 116,244 119,190
Brastagi, Manado with total capacity of 575 million liters per an- Operating Expenses 31,591 30,575 29,919
num. It also has 80% shares in IBIC Sdn Bhd in Brunei Darusalam, Operating Profit 72,503 85,669 89,271
which also produces bottled water under SEHAT brand. The com- Other Income (Expenses) 18,860 -5,875 6,550
pany has exported its products to Asean country, Vietnam, Cam- Profit before Taxes 91,363 79,794 95,821
Profit after Taxes 64,350 48,854 65,913
bodia, Hongkong, New Zealand, Australia, Taiwan and Canada.
In March 2001, the Utomo family, owners of PT Aqua Golden Mis- Per Share Data (Rp)
sissippi Tbk., approved an increase in the Danone Group’s stake Earnings per Share 4,889 3,712 5,008
in the bottled water company from 40% to 70%. Following this, Equity per Share 30,795 33,979 38,540
Aqua’s name was changed to Aqua Danone. This step was taken Dividend per Share 830 n.a 1,000
in order to strengthen the Aqua Group’s ability to compete in a Closing Price 63,000 110,000 129,500
global market through a strategic alliance with a partner backed
Financial Ratios
by an international network. PER (x) 12.89 29.64 25.86
PBV (x) 2.05 3.24 3.36
Dividend Payout (%) 16.98 n.a 19.97
Dividend Yield (%) 1.32 n.a 0.77

Current Ratio (x) 7.10 7.18 7.09

Debt to Equity (x) 0.78 0.77 0.74
Leverage Ratio (x) 0.43 0.43 0.42
Gross Profit Margin (x) 0.07 0.07 0.06
Operating Profit Margin (x) 0.05 0.05 0.05
Net Profit Margin (x) 0.04 0.03 0.03
Inventory Turnover (x) 59.94 66.05 74.21
Total Assets Turnover (x) 2.13 2.12 2.19
ROI (%) 8.79 6.14 7.39
ROE (%) 15.88 10.92 12.99

Shareholders PER = 27.57x ; PBV = 3.16x (June 2008)

PT Tirta Investama 93.60% Financial Year: December 31
Public Accountant: Haryanto Sahari & Rekan
Public 6.40%

96 Indonesian Capital Market Directory 2008

 PT Aqua Golden Mississippi Tbk. Food and Beverages

Board of Commissioners Board of Directors

President Commissioner Lisa Tirto Utomo President Director Parmaningsih, SE
Commissioners R. Soekardi, Janto Utomo Directors Burhan Sutanto, Theresia Lianawaty Setionegoro

Number of Employees 1,797

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 01-Mar-90 01-Mar-90 1,000,000 1,000,000
2 Company Listing 01-Mar-90 01-Mar-90 5,000,000 6,000,000
3 Bonus Shares 14-Oct-94 14-Oct-94 3,000,000 9,000,000
4 Bonus Shares 13-Oct-95 13-Oct-95 2,700,000 11,700,000
5 Stock Dividen 11-Aug-97 11-Aug-97 1,462,473 13,162,473

Underwriter
PT FICORINVEST
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Stock Price Shares Traded Trading Listed Market
Month High Low Close Volume Value Frequency Day Shares Capitalization
(Rp) (Rp) (Rp) (Thousand Shares) (Rp Million) (Rp Million)
January-07 120,000 120,000 120,000 1.00 60.00 1 1 13,162,473.00 1,579,497.00
February-07 129,000 129,000 129,000 1.00 85.00 2 2 13,162,473.00 1,697,959.00
March-07 0 0 129,000 0.10 10.00 1 1 13,162,473.00 1,697,959.00
April-07 129,000 129,000 129,000 3.00 323.00 2 2 13,162,473.00 1,697,959.00
May-07 0 0 129,000 0.00 0.00 2 2 13,162,473.00 1,697,959.00
June-07 0 0 129,000 0.00 0.00 0 0 13,162,473.00 1,697,959.00
July-07 0 0 129,000 0.00 0.00 0 0 13,162,473.00 1,697,959.00
August-07 0 0 129,000 0.00 0.00 0 0 13,162,473.00 1,697,959.00
September-07 118,000 110,000 110,000 2.00 228.00 3 2 13,162,473.00 1,447,872.00
October-07 0 0 110,000 2.00 230.00 1 2 13,162,473.00 1,447,872.00
November-07 129,500 129,500 129,500 1.00 65.00 1 1 13,162,473.00 1,704,540.00
December-07 129,500 128,000 129,500 2.00 194.00 2 1 13,162,473.00 1,704,540.00
January-08 129,500 129,500 129,500 4.00 453.00 1 1 13,162,473.00 1,704,540.00
February-08 0 0 129,500 0.00 0.00 0 0 13,162,473.00 1,704,540.00
March-08 104 100,000 100,000 4.00 411.00 7 5 13,162,473.00 1,316,247.00
April-08 125,000 100,000 125,000 3.00 336.00 8 6 13,162,473.00 1,645,309.00
May-08 0 0 125,000 0.40 30.00 3 3 13,162,473.00 1,645,309.00
June-08 126,000 126,000 126,000 1.00 126.00 2 2 13,162,473.00 1,658,472.00

Stock Price and Traded Chart

Stock Price (Rp) Thousand Shares
140,000 4

120,000 4

3
100,000
3
80,000
2
60,000
2
40,000
1

20,000 1

- -
Jan- Feb- Mar- Apr- May- Jun- Jul- Aug- Sep- Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun-
07 07 07 07 07 07 07 07 07 07 07 07 08 08 08 08 08 08

Institute for Economic and Financial Research 97