PT Astra International Tbk.

Automotive and Allied Products

Head Office AMDI Building Summary of Financial Statement

Jl. Raya Motor Raya No. 8
Sunter II, Jakarta 14330 (Million Rupiah)
Phone (021) 652-2555, 6530-4956 2011 2012 2013
Fax (021) 6530-4957, 651-2058/9 Total Assets 154,319,000 182,274,000 213,994,000
Website: www.astra.co.id Current Assets 66,065,000 75,799,000 88,352,000
Business Automotive, Finance, Heavy Equipment, of which
Cash and cash equivalents 13,111,000 11,055,000 18,557,000
Agribusiness, Information Technology
Trade receivables 14,526,000 16,443,000 19,843,000
and Infrastructure Inventories 11,990,000 15,285,000 14,433,000
Company Status Limited Liability Company Non-Current Assets 88,254,000 106,475,000 125,642,000
of which
Financial Performance: In 2013, the Company booked net Fixed Assets-Net 28,804,000 34,326,000 37,862,000
income amounted IDR23.7 trillion, soaring from IDR22.46 tril- Financing Receivables 18,711,000 20,474,000 25,863,000
lion recorded last year. Investments 21,113,000 24,527,000 28,047,000
Other Assets 1,452,000 1,824,000 2,490,000
Brief History: PT Astra International Tbk (Astra or
Company) was founded in 1957 as a general trading company Liabilities 78,481,000 92,460,000 107,806,000
based in Jakarta, Indonesia and was initially involved in agricul- Current Liabilities 49,169,000 54,178,000 71,139,000
of which
tural trade.
Short-term debt 4,681,000 7,202,000 12,854,000
Astra is now one of the largest conglomeration business Trade payables 15,542,000 12,685,000 17,275,000
group in Indonesia. It diversified into the manufacture and dis- Current maturities
tribution of automobiles, heavy equipment and components in of long term-debt 16,359,000 19,591,000 24,549,000
Non-Current Liabilities 29,312,000 38,282,000 36,667,000
the late 1960s.
It currently has six business divisions: Automotive, Fi- Shareholders' Equity 75,838,000 89,814,000 106,188,000
nancial Services, Heavy Equipment, Agribusiness, Information Share capital 2,024,000 2,024,000 2,024,000
Technology, and Infrastructure. In addition to being a holding Paid-up capital
1,106,000 1,106,000 1,139,000
company, through its own operations and those of its Subsid- Revaluation of fixed assets n.a n.a n.a
iaries and Associates, Astra is an integrated automotive busi- Retained earnings (accumulated loss) 72,708,000 86,684,000 103,025,000
ness with operations ranging from automotive and component
manufacturing, distribution and after-sales services through out Net Sales and Revenue 162,564,000 188,053,000 193,880,000
Cost of Goods Sold 130,530,000 151,853,000 158,569,000
the country, car rental, used car sales, consumer finance for au- Gross Profit 32,034,000 36,200,000 35,311,000
tomotive products, insurance and infrastructure. The Company Operating Expenses 14,202,000 16,330,000 9,361,300
has partnerships with some international automotive entities Operating Profit 17,832,000 19,870,000 25,949,700
Other Income (Expenses) 2,180,000 2,352,000 (4,723,700)
such as Toyota, Honda, Daihatsu, Isuzu, BMW, Peugeot and
Equity Income 5,760,000 5,676,000 6,297,000
Nissan Diesel. Astra adds value to the joint ventures it par- Profit (Loss) before Taxes 25,772,000 27,898,000 27,523,000
ticipates in by supplying valuable local marketing and product Income Tax 5,760,000 5,676,000 6,297,000
development advice as well as extensive experience in distribu- Minority Interest 3,292,000 3,321,000 2,880,000
Net Profit 21,348,000 22,460,000 23,708,000
tion. Over the course of its development, the Company has
formed strategic alliances with reputable international corpo- Per Share Data (Rp)
rations in its efforts to expand business opportunities such as Earnings (Loss) per Share 527 555 586
Komatsu (heavy equipment), Fuji-Xerox (document solution), Equity per Share 1,873 2,219 2,623
Dividend per Share 1380 150 152
General Electric (financial services) and CMG (life insurance). Closing Price 74,000 7,600 6,800
As a public company, Astra implements corporate governance
practices in carrying out its business. The Company gives a pri- Financial Ratios
ority in social care activities in the areas of education, welfare, PER (x) 140.32 13.70 11.61
PBV (x) 39.50 3.43 2.59
health and small and medium enterprises development and it Dividend Payout (%) n.a 27.03 25.95
also actively supports community development. The Company Dividend Yield (%) n.a 1.97 2.24
became a publicly listed company on 4th April, 1990, when it
Current Ratio (x) 1.34 1.40 1.24
listed its shares on the JSX and the SSX. Astra has a diversified
Debt to Equity (x) 1.03 1.03 1.02
shareholder base which includes foreign shareholders with sub- Leverage Ratio (x) 0.51 0.51 0.50
stantial shareholdings. Gross Profit Margin (x) 0.20 0.19 0.18
Operating Profit Margin (x) 0.11 0.11 0.13
Net Profit Margin (x) 0.13 0.12 0.12
Inventory Turnover (x) 10.89 9.93 10.99
Shareholders Total Assets Turnover (x) 1.05 1.03 0.91
ROA (%) 13.83 12.32 11.08
Jardine Cycle & Carriage Ltd. 50.11% ROE (%) 28.15 25.01 22.33
Budi Setiadharma 0.02%
PER = 14,54x ; PBV = 2,53x (June 2014)
Anthony John Liddell Nightingale 0.02% Financial Year: December 31
Public 49.85% Independent Auditor: Tanudiredja, Wibisana & Rekan

430 Indonesian Capital Market Directory 2014

PT Astra International Tbk. Automotive and Allied Products

Board of Commissioners Board of Directors

President Commissioner Budi Setiadharma
Commissioners Jonathan Chang, Soemadi Djoko Moerdjono Brotoningrat, Hisayuki Inoue,
Anthony John Liddell Nightingale, Mark Spencer Greenberg,
Sidharta Utama, Benjamin William Keswick , Chiew Sin Cheok,
Erry Firmansyah, David Alexander Newbigging
President Director Prijono Sugiarto
Directors Gunawan Geniusahardja, Sudirman Maman Rusdi,
Djoko Pranoto, Suparno Djasmin, Simon Collier Dixon, Widya Wiryawan,
Johannes Loman, Bambang Widjanarko Santoso
Number of Employees 198,863

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 04-Apr-90 04-Apr-90 30,000,000 30,000,000
2 Partial Listing 04-Apr-90 04-Oct-90 24,805,000 54,805,000
3 Company Listing 18-Dec-91 02-Jan-92 184,893,000 239,698,000
4 Cooperative 18-Dec-91 31-Dec-99 2,500,000 242,198,000
5 Right Issue 03-Jan-94 24-Jan-94 48,439,600 290,637,600
6 Bonus Shares 08-Sep-94 08-Sep-94 871,912,800 1,162,550,400
7 Convertible Bonds 1997 1997 280,837 1,162,831,237
8 Stock Split 01-Sep-97 01-Sep-97 1,162,831,237 2,325,662,474
9 Right Conversion 1999 1999 146,793,682 2,472,456,156
10 Right Conversion 2000 2000 27,826,740 2,500,282,896
11 Option Conversion 2000 2000 6,359,500 2,506,642,396
12 Right Conversion 2001 2001 24,637,387 2,531,279,783
13 Option Conversion 2001 2001 6,900,000 2,538,179,783
14 Right Conversion 2002 2002 26,798,627 2,564,978,410
15 Option Conversion 2002 2002 43,110,500 2,608,088,910
16 Right Conversion 2003 2003 16,552,875 2,624,641,785
17 Option Conversion 2003 2003 5,954,500 2,630,596,285
18 Right Issue 2003 2003 1,404,780,175 4,035,376,460
19 Option Conversion 2004 2004 2,429,500 4,037,805,960
20 Right Conversion 2004 2004 10,549,354 4,048,355,314
21 Stock Split 05-Jun-12 05-Jun-12 36,435,197,826 40,483,553,140
Underwriter PT (Persero) Danareksa (IPO)

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-13 7,900 7,300 7,350 830,431.00 6,337,529.00 56,816 21 40,483,553,140 297,554,116.00
February-13 8,000 7,400 7,950 683,833.00 5,281,553.00 39,847 20 40,483,553,140 321,844,247.00
March-13 8,300 7,500 7,900 849,305.00 6,681,437.00 54,594 19 40,483,553,140 319,820,070.00
April-13 8,000 7,150 7,350 694,670.00 5,273,240.00 52,759 22 40,483,553,140 297,554,116.00
May-13 7,550 6,900 7,050 1,230,559.00 8,777,900.00 62,249 22 40,483,553,140 285,409,050.00
June-13 7,200 6,150 7,000 1,015,404.00 6,914,932.00 73,759 19 40,483,553,140 283,384,872.00
July-13 6,950 6,300 6,500 667,841.00 4,413,435.00 50,329 23 40,483,553,140 263,143,095.00
August-13 6,800 5,100 6,050 660,601.00 4,038,190.00 58,095 17 40,483,553,140 244,925,496.00
September-13 7,500 5,400 6,450 1,169,088.00 7,443,312.00 69,701 21 40,483,553,140 261,118,918.00
October-13 7,250 6,300 6,650 553,688.00 3,722,910.00 54,573 21 40,483,553,140 269,215,628.00
November-13 6,850 6,150 6,250 662,358.00 4,332.00 54,611 20 40,483,553,140 253,022,207.00
December-13 6,850 6,050 6,800 490,150.00 3,116,581.00 41,591 19 40,483,553,140 275,288,161.00
January-14 7,400 6,250 6,425 784,137.00 5,339,224.00 86,235 20 40,483,553,140 260,106,829.00
February-14 7,000 6,225 6,950 984,624.00 6,596,656.00 81,243 20 40,483,553,140 281,360,694.00
March-14 8,000 6,725 7,375 1,300,924.00 9,611,270.00 94,022 20 40,483,553,140 298,566,204.00
April-14 8,050 7,350 7,425 1,107,076.00 8,532,595.00 91,055 20 40,483,553,140 300,590,382.00
May-14 7,800 7,075 7,075 925,623.00 6,955,904.00 76,478 18 40,483,553,140 286,421,138.00
June-14 7,525 7,075 7,275 680,106.00 4,942,665.00 72,784 21 40,483,553,140 294,517,849.00

Stock Price and Traded Chart

Stock Price (Rp) Thousand Shares
9,000 120,000

8,000
100,000
7,000

6,000 80,000

5,000
60,000
4,000

3,000 40,000

2,000
20,000
1,000

- -
Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14

Institute for Economic and Financial Research 431