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 2011 2012 2013
Telex 33234 SAMPRN IA Total Assets 19,329,758 26,247,527 27,404,594
Factory Jl. Rungkut Industri Raya No.18 Current Assets 14,851,460 21,128,313 21,247,830
Surabaya 60293, Jawa Timur of which
Phone (031) 843-1699 Cash and cash equivalents 2,070,123 783,505 657,276
Fax (031) 843-0986 Trade receivables 891,413 1,076,545 1,393,160
Telex 33234 SAMPRN IA Inventories 8,913,348 15,669,906 17,332,558
Representative Office One Pacific Palace 16th-20th Floor Non-Current Assets 4,478,298 5,119,214 6,156,764
of which
Jl. Jend. Sudirman Kav. 52-53
Fixed Assets-Net 3,850,665 4,115,078 4,708,669
Jakarta 12190
Deffered Tax Assets-Net 94,237 164,862 149,792
Phone (021) 515-1234 Investments 22,177 24,783 34,232
Fax (021) 515-2234 Other Assets 277,277 468,924 574,203
Business Cigarettes Industry
Company Status PMA Liabilities 9,027,088 12,939,107 13,249,559
Current Liabilities 8,368,408 11,897,977 12,123,790
Financial Performance: Net income was IDR10.807 trillion of which
in 2013, increasing from IDR9.805 trillion achieved in 2012. Trade payables 1,938,105 2,404,289 2,193,703
Brief History: PT HM Sampoerna Tbk was founded in Taxes and excise payable 5,935,889 6,664,202 6,883,943
1913 and today is Indonesias third largest tobacco company Accrued expenses 438,276 87,031 77,249
Non-Current Liabilities 658,680 1,041,130 1,125,769
with a 19.4% cigarette market share in 2004. Sampoernas shares
are listed on the Jakarta and Surabaya exchanges. Sampoernas Shareholders' Equity 10,302,670 13,308,420 14,155,305
market capitalization was approximately Rp. 35.7 trillion (USD Paid-up capital 438,300 438,300 438,300
3.8 billion) as of the end of February 2005. Its principal activ- Paid-up capital
ity is the manufacture and sale of kreteks, which are cigarettes in excess of par value 142,958 136,937 120,622
Revaluation of fixed assets n.a n.a n.a
made with tobacco and cloves. Dji Sam Soe and A Mild are the Retained earnings 9,721,412 12,733,183 13,596,383
core brands in Sampoernas premium portfolio, while Sampoer-
na A Hijau competes in the medium price segment. Sampoerna Net Sales 52,856,708 66,626,123 75,025,207
operates three major cigarette manufacturing facilities in Indo- Cost of Goods Sold 37,661,205 48,118,835 54,953,870
Gross Profit 15,195,503 18,507,288 20,071,337
nesia. Its main facility is located in Pandaan, a central location
Operating Expenses 4,578,116 5,156,838 5,471,081
between Surabaya and Malang in East Java. The other two are Operating Profit 10,617,387 13,350,450 14,600,256
in Surabaya and Malang. On March 2005, Philip Morris Interna- Other Income (Expenses) 293,695 32,807 (90,546)
tional Inc. (PMI), the international tobacco operating company Profit (loss) before Taxes 10,911,082 13,383,257 14,509,710
of Altria Group, Inc. (NYSE:MO) announced that it has entered Comprehensive Profit (loss) 8,051,057 9,805,421 10,807,957

into agreements to acquire a 40% stake in Indonesian kretek

Per Share Data (Rp)
cigarette manufacturer PT HM Sampoerna Tbk (Sampoerna) Earnings per Share 1,837 2,237 2,466
from a number of Sampoernas principal shareholders, and will Equity per Share 2,351 3,036 3,230
proceed to make a public tender offer for 100% of the remain- Dividend per Share 1050 1,300 927
Closing Price 39,000 59,900 62,400
ing shares at a price per share of Rp. 10,600 (USD 1.13 per
share), a premium of 20% over the price of Rp. 8,850 (USD Financial Ratios
0.95) on Thursday, 10 March 2005. PER (x) 21.23 26.78 25.31
At the end of 2009, Sampoerna and its subsidiaries em- PBV (x) 16.59 19.73 19.32
ployed approximately 28,300 people. The Company operates Dividend Payout (%) n.a 58.11 37.59
Dividend Yield (%) n.a 2.17 1.49
six cigarette manufacturing facilities in Indonesia. The Company
sells and distributes cigarettes trought 59 offices. Current Ratio (x) 1.77 1.78 1.75
Debt to Equity (x) 0.88 0.97 0.94
Leverage Ratio (x) 0.47 0.49 0.48
Gross Profit Margin (x) 0.29 0.28 0.27
Operating Profit Margin (x) 0.20 0.20 0.19
Net Profit Margin (x) 0.15 0.15 0.14
Inventory Turnover (x) 4.23 3.07 3.17
Total Assets Turnover (x) 2.73 2.54 2.74
ROI (%) 41.65 37.36 39.44
ROE (%) 78.15 73.68 76.35

PER = 31,36x ; PBV = 37,75x (June 2014)

Shareholders Financial Year: December 31
PT Philip Morris Indonesia 98.18% Public Accountant:Tanudiredja, Wibisana & Rekan
Public 1.82%

208 Indonesian Capital Market Directory 2014

PT Hanjaya Mandala Sampoerna Tbk. Tobacco Manufacturers

Board of Commissioners Board of Directors

President Commissioner John Gledhill President Director Paul Norman Janelle
Vice President Commissioner Charles Herve Bendotti Directors Wayan Mertayasa Tantra, Andre Dahan,
Commissioners Phang Cheow Hock, Goh Kok Ho, Michael Sandritter, Yos Adiguna Ginting,
Niken K. Rachmad, RB. Permana Agung D. Peter Alfred Kurt Haase, Nikolaos Papathanasiou

Number of Employees 34,500

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 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 63,500 59,100 63,300 186.00 11,678.00 96 18 4,500,000,000 277,443,900.00
February-13 74,900 63,250 74,900 486.00 33,411.00 178 20 4,500,000,000 328,286,700.00
March-13 84,500 74,900 84,500 236.00 18,861.00 232 19 4,500,000,000 370,363,500.00
April-13 85,100 82,350 84,300 636.00 51,331.00 145 21 4,500,000,000 369,486,900.00
May-13 88,000 84,500 87,500 209.00 17,941.00 132 19 4,500,000,000 383,512,500.00
June-13 87,500 79,500 85,000 116.00 9,564.00 156 16 4,500,000,000 372,555,000.00
July-13 85,000 80,000 82,000 42.00 3,458.00 53 12 4,500,000,000 359,406,000.00
August-13 81,000 59,500 65,500 558.00 40,238.00 551 17 4,500,000,000 287,086,500.00
September-13 70,000 64,000 65,400 115.00 7,657.00 165 19 4,500,000,000 286,648,200.00
October-13 68,400 64,000 66,900 126.00 8,216.00 142 21 4,500,000,000 293,222,700.00
November-13 68,100 64,000 65,000 134.00 8,761.00 123 18 4,500,000,000 284,895,000.00
December-13 66,000 59,750 62,400 249.00 15,132.00 285 19 4,500,000,000 273,499,200.00
January-14 68,000 60,000 67,050 327.00 20,297.00 484 20 4,500,000,000 293,880,150.00
February-14 71,500 66,500 68,500 138.00 9,572.00 412 20 4,500,000,000 300,235,500.00
March-14 69,900 68,025 69,000 80.00 5,590.00 227 20 4,500,000,000 302,427,000.00
April-14 70,300 68,000 69,900 176.00 12,199.00 254 18 4,500,000,000 306,371,700.00
May-14 74,000 68,000 68,900 63.00 4,317.00 238 18 4,500,000,000 301,988,700.00
June-14 69,000 66,000 67,300 276.00 18,618.00 343 21 4,500,000,000 294,975,900.00

Stock Price and Traded Chart

Stock Price (Rp)
Thousand Shares
100,000 70

90,000
60
80,000

70,000 50

60,000
40
50,000
30
40,000

30,000 20
20,000
10
10,000

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

Institute for Economic and Financial Research 209