IIKP Inti Agri Resources Tbk.

COMPANY REPORT : JANUARY 2019 As of 31 January 2019

Development Board Individual Index : 445.315
Industry Sector : Consumer Goods Industry (5) Listed Shares : 33,600,000,000
Industry Sub Sector : Food And Beverages (51) Market Capitalization : 7,795,200,000,000
127 | 7.80T | 0.11% | 87.69%

22 | 25.4T | 1.22% | 53.70%

COMPANY HISTORY SHAREHOLDERS (December 2018)

Established Date : 16-Mar-1999 1. PT ASABRI (Persero) 4,433,246,000 : 13.19%
Listing Date : 14-Oct-2002 (IPO Price: 450) 2. PT Maxima Agro Industri 2,117,686,040 : 6.30%
Underwriter IPO : 3. Public (<5%) 27,049,067,960 : 80.50%
PT Dhanawibawa Arthacemerlang
PT Harumdana Sekuritas DIVIDEND ANNOUNCEMENT
PT Sinarmas Sekuritas Bonus Cash Recording Payment
F/I
Securities Administration Bureau : Year Shares Dividend Cum Date Ex Date Date Date
PT Sinartama Gunita 2006 0.67 9-Jul-07 12-Jul-07 26-Jul-07 24-Jul-07 F
2007 1.24 13-May-08 14-May-08 16-May-08 2-Jun-08 F
BOARD OF COMMISSIONERS
1. Heru Hidayat ISSUED HISTORY
2. Imam Muflih *) Listing Trading
3. Tjai Sauw Wie (Bambang Setiawan) No. Type of Listing Shares Date Date
*) Independent Commissioners 1. First Issue 60,000,000 14-Oct-02 7-Jun-10
2. Company Listing 100,000,000 14-Oct-02 9-Jun-10
BOARD OF DIRECTORS 3. Reverse Stock Split -128,000,000 19-Jan-05 10-Jun-10
1. Susanti Hidayat 4. Right Issue 640,000,000 25-Apr-05 11-Jun-10
2. Kwee Jen Ping (Yenny Wijaya) 5. Right Issue 562,541,300 7-Feb-06 7-Feb-06
6. Right Issue 4,394,200 15-Feb-06 15-Feb-06
AUDIT COMMITTEE 7. Right Issue 2,121,064,500 1-Mar-06 1-Mar-06
1. Imam Muflih 8. Stock Split Series A 288,000,000 19-May-17 19-May-17
2. Tuty Santosa 9. Stock Split Series B 29,952,000,000 19-May-17 19-May-17
3. Veny Indrawatii

CORPORATE SECRETARY
Akbar

HEAD OFFICE
Puri Britania Blok T7 No. B27 - 29
Kembangan Selatan - Kembangan
Jakarta Barat 11610
Phone : (021) 583-04806; 583-04808
Fax : (021) 583-04809
Homepage : [Link]
Email : akbar@[Link]
asiong@[Link]
 IIKP Inti Agri Resources Tbk.
TRADING ACTIVITIES
Closing Price* and Trading Volume
Inti Agri Resources 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)
400 3,200 Jan-15 3,125 2,505 3,125 38 47,904 113,825 13
Feb-15 2,500 1,750 2,150 136 52,361 98,712 16
350 2,800 Mar-15 3,300 1,850 3,300 181 124,040 281,046 22
Apr-15 3,320 1,690 2,240 244 262,012 784,624 21
May-15 3,740 1,265 3,740 311 84,424 194,480 18
300 2,400
Jun-15 3,735 2,100 2,100 1,853 67,132 202,419 21
Jul-15 2,210 1,630 1,630 708 63,478 132,250 19
250 2,000
Aug-15 1,620 795 820 912 33,397 39,783 20
Sep-15 895 650 740 312 64,692 101,407 20
200 1,600
Oct-15 1,060 630 915 505 87,074 65,369 20
Nov-15 1,600 810 1,375 378 11,762 9,326 18
150 1,200 Dec-15 3,675 1,240 3,675 1,415 644,214 1,697,764 18

100 800 Jan-16 3,670 3,000 3,495 479 50,972 84,446 20

Feb-16 3,675 2,910 3,675 161 201,506 622,250 19
50 400 Mar-16 3,725 2,800 3,725 1,194 40,159 118,893 21
Apr-16 3,700 2,520 3,675 1,133 117,154 375,251 21
May-16 3,770 3,330 3,770 455 28,825 95,381 20
Jun-16 3,800 3,600 3,800 479 73,005 266,257 22
Jan-15 Jan-16 Jan-17 Jan-18 Jan-19
Jul-16 3,800 3,700 3,800 69 195,637 713,901 16
Aug-16 3,900 3,600 3,730 134 109,344 410,659 19
Sep-16 3,770 3,600 3,600 136 870,963 3,240,276 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-16 3,800 3,200 3,450 255 314,386 1,142,450 18
Consumer Goods Industry Index Nov-16 3,400 2,850 3,000 733 158,517 508,557 22
January 2015 - January 2019 Dec-16 3,120 2,500 2,510 1,338 1,781,254 5,274,767 20
60%
Jan-17 3,200 2,250 3,200 1,750 690,453 1,603,345 21
40% Feb-17 3,100 2,450 2,500 1,587 311,511 823,328 19
Mar-17 2,950 2,370 2,950 1,233 620,620 1,481,920 22
24.6%
20% 20.7% Apr-17 2,900 2,340 2,400 1,118 375,993 918,386 17
May-17 2,560 232 276 2,631 2,832,216 1,370,482 20
- Jun-17 300 222 300 3,501 6,697,336 1,653,623 15
Jul-17 300 216 270 6,791 9,328,961 2,338,909 21
Aug-17 262 218 260 7,619 9,776,849 2,253,631 22
-20%
Sep-17 260 214 238 9,546 8,526,027 2,016,167 19
-30.5%
Oct-17 234 202 206 9,641 12,731,822 2,800,517 22
-40%
Nov-17 328 192 326 32,071 14,591,135 3,479,123 22
Dec-17 348 282 330 13,665 18,368,080 5,341,593 18
-60%

Jan-18 342 260 286 46,176 8,743,096 2,638,525 22

-80% Feb-18 292 212 226 35,136 7,763,666 1,834,295 19
Mar-18 246 150 220 49,420 10,708,548 2,113,582 21
-100% Apr-18 226 180 210 22,155 8,796,377 1,785,136 21
Jan 15 Jan 16 Jan 17 Jan 18 Jan 19 May-18 240 174 240 21,595 7,899,748 1,493,026 20
Jun-18 280 208 280 16,951 6,610,655 1,504,036 13
Jul-18 328 250 320 18,004 8,831,476 2,900,175 22
SHARES TRADED 2015 2016 2017 2018 Jan-19 Aug-18 340 232 276 18,393 6,427,005 1,874,848 21
Volume (Million Sh.) 1,542 3,942 84,851 106,397 12,223 Sep-18 286 220 262 16,973 9,111,724 2,252,659 19
Value (Billion Rp) 3,721 12,853 26,081 25,296 2,786 Oct-18 262 195 199 20,712 9,190,857 2,002,971 23
Frequency (Thou. X) 7 7 91 302 24 Nov-18 240 189 189 17,536 9,230,303 1,908,901 21
Days 226 239 238 240 22 Dec-18 240 188 240 18,780 13,083,456 2,988,230 18

Price (Rupiah) Jan-19 302 198 232 23,995 12,223,083 2,786,347 22

High 3,740 3,900 3,200 342 302
Low 630 2,500 192 150 198
Close 3,675 2,510 330 240 232
Close* 368 251 330 240 232

PER (X) -765.21 -803.36 -900.07 -789.84 -763.51

PER Industry (X) -6.37 19.38 2.40 24.94 36.52
PBV (X) 38.69 29.30 42.80 28.67 27.72
* Adjusted price after corporate action
 IIKP Inti Agri Resources Tbk.
Financial Data and Ratios Book End : December
Public Accountant : Herman, Dody Tanumihardja & Partners

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 295 147 5,361 904 1,494 375

Receivables 63 237 26,870 4,497 4,549

9,970 9,555 13,626 11,739 16,226 300
Inventories
Current Assets 11,752 11,356 47,792 18,602 23,790
225
Fixed Assets 123,074 111,909 115,334 98,128 92,851
Other Assets 79 79 79 79 79
150
Total Assets 350,911 332,003 364,933 313,925 306,018
Growth (%) -5.39% 9.92% -13.98% -2.52% 75

Current Liabilities 3,516 11,255 70,486 22,704 22,668 -

Long Term Liabilities 12,056 1,604 14,213 2,332 2,125 2014 2015 2016 2017 Sep-18
Total Liabilities 15,571 12,859 84,699 25,037 24,793
Growth (%) -17.42% 558.69% -70.44% -0.97%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 1,459,200 1,459,200 1,459,200 1,459,200 1,459,200 335
319
Paid up Capital 364,800 364,800 364,800 65,280 65,280 335

280 289 281

Paid up Capital (Shares) 3,360 3,360 3,360 33,600 33,600
Par Value 1000 & 100 1000 & 100 1000 & 100 100 &10 100 &10
267

Retained Earnings -38,869 -54,959 -81,991 -85,191 -92,848

335,340 319,144 280,235 288,888 281,225
199

Total Equity
Growth (%) -4.83% -12.19% 3.09% -2.65% 130

INCOME STATEMENTS Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 62

Total Revenues 21,629 19,953 84,355 21,413 13,856

Growth (%) -7.75% 322.76% -74.62%
-7

2014 2015 2016 2017 Sep-18

Cost of Revenues 30,840 29,854 95,903 26,086 18,707

Gross Profit -9,210 -9,901 -11,548 -4,673 -4,851
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 8,816 8,383 17,101 7,201 4,945
Operating Profit -18,027 -18,283 -28,650 -11,874 -9,795 84

Growth (%) -1.42% -56.70% 58.55%

84

67

Other Income (Expenses) 3,208 -1,524 -3,558 -5,250 -340

Income before Tax -14,819 -19,808 -32,208 -17,124 -10,136 50

Tax -2,963 -3,658 -4,639 -4,114 -2,473

Profit for the period -11,856 -16,150 -27,569 -13,010 -7,663 33

22 21
20
Growth (%) -36.21% -70.71% 52.81% 14
16

Period Attributable -11,856 -16,137 -27,415 -13,003 -7,657 -2

Comprehensive Income -11,856 -16,313 -27,187 -13,139 -7,663 2014 2015 2016 2017 Sep-18
Comprehensive Attributable -11,843 -16,300 -27,033 -13,132 -7,657

RATIOS Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 334.30 100.90 67.80 81.93 104.95
Dividend (Rp) - - - - - 3
2014 2015 2016 2017 Sep-18
EPS (Rp) -3.53 -4.80 -8.16 -0.39 -0.23
BV (Rp) 99.80 94.98 83.40 8.60 8.37 -3

DAR (X) 0.04 0.04 0.23 0.08 0.08

DER(X) 0.05 0.04 0.30 0.09 0.09
-9

-7.7

ROA (%) -3.38 -4.86 -7.55 -4.14 -2.50 -12

-15

-13
ROE (%) -3.54 -5.06 -9.84 -4.50 -2.72 -16
GPM (%) -42.58 -49.62 -13.69 -21.82 -35.01 -22

OPM (%) -83.34 -91.63 -33.96 -55.45 -70.69

NPM (%) -54.82 -80.94 -32.68 -60.76 -55.31
-28

-28
Payout Ratio (%) - - - - -
Yield (%) - - - - -

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