COMPANY
REPORT
ASRI ALAM SUTERA REALTY TBK. Company Profile PT Alam Sutera Realty Tbk. was established on November 3rd, 1993. The Company commenced its operational activity and purchased the land in 1999. The Company’s activities are developing and manage housing. Group is domiciled at Wisma Argo Manunggal, Jln. Jend. Gatot Subroto Kav. 22, Jakarta and has real estate projects which are located at: Kec. Serpong, Kab. Tangerang, and Kec. Pasar Kemis, Kab. Tangerang, Province Banten, Kec. Setia Budi, Jakarta Selatan, Kec. Kuta Selatan, Badung, Bali. And owns lands for development located in: Kec. Pinang, Kec. Pasar Kemis, Kab. Tangerang, Province Banten, Kec. Pacet, Kab. Cianjur, Province West Java Kec. Tanjung Pinang, Province Riau, Kec. Denpasar Selatan and Badung, Badung, Bali. The main real estate project owned by the Company and Subsidiaries recently are Alam Sutera Residential and Commercial projects in Serpong, and Suvarna Padi and Suvarna Sutera projects in Pasar Kemis, Tangerang. Alam Sutera believes that all the development efforts must take environmental issues into account seriously. The eco‐friendly development meant more than a marketing gimmick— it is the company’s commitment. The Company is committed to do their part in the handling of millions of tons of pollution in their environment every day, by setting an example how to develop a sustainable green green community. The Company has direct ownership in subsidiaries: PT Delta Mega Persada, PT Duta Prakarsa Development, PT Nusa Cipta Pratama, PT Garuda Adhimatra Indonesia, PT Tangerang Matra Real Estate, Alam Sutera International Pte. Ltd., and Alam Synergy Pte. Ltd. The Company and subsidiaries had 1,493 employees as of 31 of 31 December December 2015.
February 2016
Disclaimer: The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
26
ASRI Alam Sutera Realty Tbk. [S] COMPANY REPORT : JANUARY 2016 Main Board Industry Sector : Property, Real Estate And Building Construction (6) Industry Sub Sector : Property And Real Estate (61)
As of 29 January 2016 Individual Index : Listed Shares : Market Capitalization :
305.714 19,649,411,888 6,307,461,216,048
106 | 6.31T | 0.13% | 88.16% 36 | 10.5T | 0.77% | 69.75%
COMPANY HISTORY Established Date : 03-Nov-1993 Listing Date : 18-Dec-2007 Under Writer IPO : PT Ciptadana Securities Securities Administration Bureau : PT Raya Saham Registra Plaza Central Building 2nd Fl. Jln. Jend. Sudirman Kav. 47-48, Jakarta 12930 Phone : (021) 252-5666 Fax : (021) 252-5028 BOARD OF COMMISSIONERS 1. Harjanto Tirtohadiguno 2. Angeline Sutedja 3. The Nicholas 4. Pingki Elka Pangestu *) 5. Prasasto Sudyatmiko *) *) I ndependent Commissioners BOARD OF DIRECTORS 1. Joseph Sanusi Tjong 2. Andrew Charles Walker 3. Lilia Setiprawarti Sukotjo 4. RM Frangky AD AUDIT COMMITTEE 1. Prasasto Sudyatmiko 2. Hidajat Hoesni 3. Sri Wahyuni Sujono CORPORATE SECRETARY Vincent T.W. Sjahbana HEAD OFFICE Wisma Argo Manunggal 18th Fl. Jln. Jend. Gatot Subroto Kav. 22 Jakarta 12930 Phone : (021) 3043-8888, 252-3838 Fax : (021) 252-5050 Homepage Email Homepage Email
: : : :
www.alam-sutera.com
[email protected] www.alam-sutera.com
[email protected]
SHAREHOLDERS (January 2016) 1. PT Manunggal Prime Development 2. Tangerang Fajar Industrial Estate 3. PT Tangerang Fajar Industrial Estate 4. Public (<5%)
5,161,690,364 : 2,982,450,000 : 1,971,650,000 : 9,533,621,524 :
DIVIDEND ANNOUNCEMENT Bonus Cash Year 2008 2009 2010 2011 2012 2014
Shares
Dividend 0.69 1.05 4.03 6.13 14.60 7.00
Cum Date 03-Jul-09 20-Jul-10 01-Jul-11 05-Jul-12 25-Jun-13 30-Jun-15
Ex Date 06-Jul-09 21-Jul-10 04-Jul-11 06-Jul-12 26-Jun-13 01-Jul-15
Recording Date 09-Jul-09 23-Jul-10 06-Jul-11 10-Jul-12 28-Jun-13 03-Jul-15
26.27% 15.18% 10.03% 48.52%
Payment Date 24-Jul-09 06-Aug-10 20-Jul-11 24-Jul-12 12-Jul-13 24-Jul-15
F/I F F F F F F
ISSUED HISTORY No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23.
Type of Listing First Issue Company Listing Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Warrant Additional Listing without RI
Shares 3,142,000,000 13,986,810,000 4,974,500 40,050,000 1,000,000 18,500,000 20,000,000 250,000 3,325,000 55,000,000 45,500,000 27,500,000 63,108,500 15,000,000 60,000,000 27,500,000 388 27,500,000 277,976,000 15,000,000 1,695,000 30,412,500 1,786,310,000
Listing Date 18-Dec-07 18-Dec-07 11-Jun-09 18-Jun-09 19-Jun-09 22-Jun-09 28-Jul-09 12-Oct-09 14-Oct-09 23-Oct-09 27-Oct-09 28-Oct-09 29-Oct-09 03-Nov-09 24-Nov-09 26-Nov-09 03-Dec-09 10-Dec-09 14-Dec-09 15-Dec-09 21-Dec-09 28-Dec-09 25-Jan-12
Trading Date 18-Dec-07 18-Aug-08 11-Jun-09 18-Jun-09 19-Jun-09 22-Jun-09 28-Jul-09 12-Oct-09 14-Oct-09 23-Oct-09 27-Oct-09 28-Oct-09 29-Oct-09 03-Nov-09 24-Nov-09 26-Nov-09 03-Dec-09 10-Dec-09 14-Dec-09 15-Dec-09 21-Dec-09 28-Dec-09 25-Jan-12
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ASRI Alam Sutera Realty Tbk. [S] TRADING ACTIVITIES
Closing Price* and Trading Volume Alam Sutera Realty Tbk. [S] January 2012 - January 2016
Closing Price*
Closing Price Volume (Mill. Sh)
1,200
4,000
1,050
3,500
900
3,000
750
2,500
600
2,000
450
1,500
300
1,000
150
500
Jan-12
Jan-13
Jan-14
Jan-15
Jan-16
Closing Price*, Jakarta Composite Index (IHSG) and Property, Real Estate and Bulding Construction Index January 2012 - January 2016
Freq.
Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12
High
Low
Close
520 610 630 650 620 570 520 495 520 580 620 640
455 480 560 560 510 455 455 430 410 470 550 550
485 570 620 600 540 490 460 440 495 580 610 600
(X) 24,608 26,234 22,571 28,484 22,850 27,226 27,925 28,541 30,974 26,538 15,187 15,745
(Thou. Sh.) (Million Rp) 3,163,247 1,462,365 3,013,912 1,651,814 2,116,918 1,272,835 1,831,503 1,099,178 1,453,973 832,432 4,923,539 2,336,855 1,557,100 754,451 1,985,545 910,746 2,734,556 1,274,455 2,210,093 1,173,362 2,653,169 1,535,319 1,766,756 1,065,978
Volume
Value
Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13
810 970 1,160 1,090 1,130 1,080 800 830 760 700 610 530
600 750 930 970 1,020 720 650 445 450 560 455 425
770 930 1,070 1,050 1,060 750 700 550 600 610 475 430
28,260 26,881 36,275 41,384 43,176 65,671 45,919 45,493 58,331 43,176 43,705 32,921
2,758,752 1,503,613 2,093,327 2,555,637 2,136,655 4,696,607 1,984,976 2,264,238 3,063,421 4,867,653 2,060,989 1,686,157
2,724,524 1,299,168 2,178,327 2,636,209 2,296,257 4,021,982 1,452,171 1,407,217 1,822,815 3,050,634 1,091,598 800,565
21 20 19 22 22 19 23 17 21 21 20 19
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14
550 605 680 645 550 499 560 570 510 490 565 610
424 500 560 525 494 435 440 497 451 430 444 497
510 575 595 530 500 442 525 510 455 464 560 560
53,655 46,156 54,398 44,870 34,759 38,963 53,818 36,313 40,311 49,400 43,394 48,903
2,182,118 2,449,458 2,986,797 1,895,164 1,321,748 782,146 2,225,772 1,908,074 906,677 1,057,391 1,656,102 3,168,955
1,083,703 1,364,848 1,854,302 1,085,403 683,943 360,303 1,155,784 1,010,420 442,646 484,283 834,439 1,743,856
20 20 20 20 18 21 18 20 22 23 20 20
Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15
620 700 675 680 675 625 585 525 362 428 396 372
550 585 525 545 600 500 505 323 307 317 323 323
595 29,139 670 36,985 555 61,613 615 36,708 600 28,356 575 39,772 505 31,143 354 69,420 316 53,105 389 104,304 339 58,540 343 29,391
1,821,531 2,518,964 2,758,825 2,218,790 1,153,314 1,309,474 1,266,002 2,160,455 1,676,933 3,309,709 1,555,477 711,010
1,069,965 1,623,053 1,604,821 1,396,763 745,260 732,783 700,001 875,763 572,259 1,294,183 559,415 251,865
21 19 22 21 19 21 19 20 21 21 21 19
Jan-16
352
317
321
553,709
182,447
20
y a D
21 21 21 20 21 21 22 19 20 22 20 18
150% 125% 103.1%
100% 75% 50% 25%
19.6%
-25%
-31.0%
-50%
Jan 12
Jan 13
Jan 14
Jan 15
Jan 16
SHARES TRADED
2012
2013
2014
2015
Jan-16
Volume (Million Sh.) Value (Billion Rp) Frequency (Thou. X) Days
29,410 15,370 297 246
31,672 24,781 511 244
22,540 12,104 545 242
22,460 11,426 578 244
554 182 28 20
650 410 600 600
1,160 425 430 430
680 424 560 560
700 307 343 343
352 317 321 321
9.64 9.57 1.58
10.08 16.29 1.81
11.30 18.66 1.02
10.57 17.68 0.96
Price (Rupiah) High Low Close Close*
9.69 PER (X) 17.34 PER Industry (X) 2.49 PBV (X) * Adjusted price after corporate action
28
27,569
ASRI Alam Sutera Realty Tbk. [S] Financial Data and Ratios
Book End : December
Public Accountant : Paul Hadiwinata, Hidajat, Arsono, Achmad, Suharli & Rekan (Member of PKF International Ltd) BALANCE SHEET
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
844,906
1,641,316
890,181
880,754
638,388
TOTAL ASSETS AND LIABILITIES (Bill. Rp) Assets Liabilities
(Million Rp except Par Value)
Cash & Cash Equivalents Receivables
21,596
29,721
84,690
192,197
153,124
Inventories
2,395,213
1,661,094
937,153
930,602
1,156,083
Investment
-
-
-
-
-
Fixed Assets
341,514
708,121
801,678
957,762
1,097,190
Other Assets
806,319
11,619
61,186
74,140
64,345
Total Assets
6,007,548 10,946,417
Growth (%)
82.21%
14,428,083 16,924,367 18,709,870
31.81%
17.30%
12,000 8,000 4,000 -
554,227
795,658
45,000
230,000
1,072,260
Trade Payable
35,519
35,257
165,089
160,587
1,033,021
3,220,676
6,214,543
Growth (%)
16,000
10.55%
Bank Payable Total Liabilities
20,000
2011
2012
2013
2014
Dec-15
9,096,298 10,553,173 12,107,460
92.96%
46.37%
16.02%
14.73% TOTAL EQUITY (Bill. Rp)
Authorized Capital
2,400,000
2,400,000
2,400,000
2,400,000
2,400,000
Paid up Capital
1,786,310
1,964,941
1,964,941
1,964,941
1,964,941
17,863
19,649
19,649
19,649
19,649
Paid up Capital (Shares) Par Value Retained Earnings Total Equity
100
100
100
100
100
977,938
2,050,204
2,640,107
3,599,980
4,061,177
2,786,872
4,731,875
5,331,785
6,371,194
6,602,410
69.79%
12.68%
19.49%
3.63%
Growth (%) INCOME STATEMENTS
Total Revenues
6,371
6,602
6,371
5,332 4,732
5,071
3,772
2,787 2,472
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
1,381,046
2,446,414
3,684,240
3,630,914
2,783,700
77.14%
50.60%
-1.45%
-23.33%
Growth (%) Cost of Revenues
566,656
979,517
1,846,814
1,324,196
727,637
Gross Profit
814,391
1,466,897
1,837,425
2,306,718
2,056,063
Operating Expenses
120,770
212,884
304,204
398,953
1,297,106
Operating Profit
693,620
1,254,013
1,533,221
1,907,766
-
1,172
-127
2011
2012
2013
2014
Dec-15
TOTAL REVENUES (Bill. Rp) 3,684
3,631
3,684
80.79%
Growth (%)
24.43% 2,784 2,933
Other Income (Expenses)
-22,477
Income before Tax
671,143
1,344,195
1,081,776
68,407
128,103
192,199
208,812
74,670
602,737
1,216,092
889,577
1,176,955
684,288
-26.85% 32.31%
-41.86%
Tax Profit for the period
90,182 -451,445
101.76%
Growth (%)
-521,999
-
1,385,767
758,957
2,446 2,181
1,381 1,429
678
Period Attributable
601,654
1,192,716
876,785
1,176,955
596,515
Comprehensive Income
602,737
1,216,092
889,577
1,176,955
686,485
Comprehensive Attributable
601,654
1,192,716
876,785
1,097,418
598,743
RATIOS
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
6.13
14.60
-
7.00
-
EPS (Rp)
33.68
60.70
44.62
59.90
30.36
BV (Rp)
156.01
240.82
271.35
324.24
336.01
DAR (X)
0.54
0.57
0.63
0.62
0.65
DER(X)
1.16
1.31
1.71
1.66
1.83
Dividend (Rp)
-74
2011
10.03
11.11
6.17
6.95
3.66
ROE (%)
21.63
25.70
16.68
18.47
10.36
GPM (%)
58.97
59.96
49.87
63.53
73.86
OPM (%)
50.22
51.26
41.62
52.54
-
NPM (%)
43.64
49.71
24.15
32.41
24.58
Payout Ratio (%)
18.20
24.05
-
11.69
-
1.33
2.43
-
1.25
-
Yield (%)
2013
2014
Dec-15
PROFIT FOR THE PERIOD (Bill. Rp) 1,216
1,177
1,216
890
968
684 720
ROA (%)
2012
603
472
224
-24
2011
2012
2013
2014
Dec-15
29
