PT Hanjaya Mandala Sampoerna Tbk.

Tobacco Manufacturers

Head Office Jl. Rungkut Industri Raya No.18 Summary of Financial Statement
Surabaya 60293, Jawa Timur
Phone (031) 843-1699 (Million Rupiah)
Fax (031) 843-0986 2008 2009 2010
Telex 33234 SAMPRN IA Total Assets 16,133,819 17,716,447 20,525,123
Factory Jl. Rungkut Industri Raya No.18 Current Assets 11,037,287 12,688,643 15,768,558
of which
Surabaya 60293, Jawa Timur Cash and cash equivalents 499,362 527,981 3,209,559
Phone (031) 843-1699 Trade receivables 132,938 496,019 856,450
Fax (031) 843-0986 Inventories 7,657,848 9,539,067 9,802,455
Non-Current Assets 5,096,532 5,027,804 4,756,565
Telex 33234 SAMPRN IA of which
Representative Office One Pacific Palace 16th-20th Floor Fixed Assets-Net 4,329,506 4,310,194 4,087,338
Jl. Jend. Sudirman Kav. 52-53 Deffered Tax Assets-Net 74,435 63,226 42,537
Investments 22,373 20,587 12,161
Jakarta 12190 Other Assets 181,515 182,858 201,944
Phone (021) 515-1234 Liabilities 8,083,584 7,250,522 10,309,671
Fax (021) 515-2234 Current Liabilities 7,642,207 6,747,030 9,778,942
Business Cigarettes Industry of which
Trade payables 474,660 1,136,840 1,074,517
Company Status PMA Taxes and excise payable 3,455,714 3,691,539 3,691,539
Accrued expenses 906,111 455,197 474,144
Financial Performance: Net income was IDR 6.421 trillion Non-Current Liabilities 441,377 503,492 530,729
in 2010, increasing from IDR 5.087 trillion achieved in 2009. Minority Interests in Subsidiaries 2,339 4,309 988

Brief History: PT HM Sampoerna Tbk was founded in Shareholders' Equity 8,047,896 10,461,616 10,214,464
Paid-up capital 438,300 438,300 438,300
1913 and today is Indonesia’s third largest tobacco company Paid-up capital
with a 19.4% cigarette market share in 2004. Sampoerna’s in excess of par value 42,077 42,077 42,077
Revaluation of fixed assets n.a n.a n.a
shares are listed on the Jakarta and Surabaya exchanges. Sampo- Retained earnings 7,567,519 9,981,239 9,734,087
erna’s market capitalization was approximately Rp. 35.7 trillion Net Sales 34,680,445 38,972,186 43,381,658
(USD 3.8 billion) as of the end of February 2005. Its principal Cost of Goods Sold 24,695,196 27,744,232 30,725,665

activity is the manufacture and sale of kreteks, which are ciga- Gross Profit
Operating Expenses
9,985,249
3,760,016
11,227,954
3,963,432
12,655,993
3,944,859
rettes made with tobacco and cloves. Dji Sam Soe and A Mild Operating Profit 6,225,233 7,264,522 8,711,134

are the core brands in Sampoerna’s premium portfolio, while Other Income (Expenses)
Profit before Taxes
(427,944)
5,797,289
(51,056)
7,213,466
37,095
8,748,229
Sampoerna A Hijau competes in the medium price segment. Profit after Taxes 3,895,280 5,087,339 6,421,429
Sampoerna operates three major cigarette manufacturing facili- Per Share Data (Rp)
ties in Indonesia. Its main facility is located in Pandaan, a central Earnings per Share
Equity per Share
889
1,836
1,161
2,387
1,465
2,330
location between Surabaya and Malang in East Java. The other Dividend per Share n.a n.a 270
two are in Surabaya and Malang. On March 2005, Philip Mor- Closing Price 8,100 10,400 28,150

ris International Inc. (PMI), the international tobacco operating Financial Ratios
PER (x) 9.11 8.96 19.21
company of Altria Group, Inc. (NYSE:MO) announced that it PBV (x) 4.41 4.36 12.08
has entered into agreements to acquire a 40% stake in Indo- Dividend Payout (%) n.a n.a 18.43
Dividend Yield (%) n.a n.a 0.96
nesian kretek cigarette manufacturer PT HM Sampoerna Tbk
Current Ratio (x) 1.44 1.88 1.61
(Sampoerna) from a number of Sampoerna’s principal share- Debt to Equity (x) 1.00 0.69 1.01
holders, and will proceed to make a public tender offer for Leverage Ratio (x) 0.50 0.41 0.50
Gross Profit Margin (x) 0.29 0.29 0.29
100% of the remaining shares at a price per share of Rp. 10,600 Operating Profit Margin (x) 0.18 0.19 0.20
(USD 1.13 per share), a premium of 20% over the price of Rp. Net Profit Margin (x) 0.11 0.13 0.15
Inventory Turnover (x) 3.22 2.91 3.13
8,850 (USD 0.95) on Thursday, 10 March 2005. At the end of Total Assets Turnover (x) 2.15 2.20 2.11
2009, Sampoerna and its subsidiaries employed approximately ROI (%) 24.14 28.72 31.29
ROE (%) 48.40 48.63 62.87
28,300 people. The Company operates six cigarette manufac-
turing facilities in Indonesia. The Company sells and distributes PER = 17,87x ; PBV = 18,43x (June 2011)
Financial Year: December 31
cigarettes trought 59 offices. Public Accountant:Tanudiredja, Wibisana & Co.

(million rupiah)
2011 2010

Total Assets 15,789,445 17,816,124

Current Assets 11,354,028 12,836,871
Non-Current Assets 4,435,417 4,979,253
Liabilities 8,959,299 11,140,899
Shareholders' Equity 6,830,146 6,674,621
Net Sales 24,684,154 20,621,104
Profit after Taxes 3,791,569 2,899,351

Shareholders ROI (%) 24.01 16.27

PT Philip Morris Indonesia 98.18% ROE (%) 55.51 43.44

Public 1.82% in June

162 Indonesian Capital Market Directory 2011

PT Hanjaya Mandala Sampoerna Tbk. Tobacco Manufacturers

Board of Commissioners Board of Directors

President Commissioner Paul Norman Janelle President Director John Gledhill
Vice President Commissioner Eunice Carol Hamilton Directors Wayan Mertayasa Tantra, Shea Lih Goh,
Commissioners Phang Cheow Hock, Ekadharmajanto Kasih, Mark Ingo Niehaus
Niken Rachmad
Number of Employees 27,150

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 15-Aug-90 15-Aug-90 27,000,000 27,000,000
2 Partial Listing 15-Aug-90 15-Feb-91 18,000,000 45,000,000
3 Company Listing 15-Jun-92 15-Jun-92 135,000,000 180,000,000
4 Bonus Shares 28-Sep-94 28-Sep-94 270,000,000 450,000,000
5 Stock Split 18-Nov-96 18-Nov-96 450,000,000 900,000,000
6 Add Listed 18-Jun-99 18-Jun-99 28,000,000 928,000,000
7 Stock Split 24-Sep-01 24-Sep-01 3,712,000,000 4,640,000,000
8 Buy Back 17-Oct-01 17-Oct-01 -140,000,000 4,500,000,000
Underwriters
PT Danareksa Securities, PT ABN Amro Asia Securities Indonesia
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization

Stock Price and Traded Chart

Stock Price (Rp) Thousand Shares
35,000 700

30,000 600

25,000 500

20,000 400

15,000 300

10,000 200

5,000 100

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Jan-10 Feb-10Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11Mar-11 Apr-11 May-11 Jun-11

Institute for Economic and Financial Research 163