COMPANY REPORT

MPPA
MATAHARI PUTRA PRIMA TBK.

Company Profile

PTMatahariPutraPrimaTbk.wasestablishedonMarch11th,1986.TheCompanyoperates
achainofstoreswhichsellsuchitemsasdailyneeds.

The Company is domiciled at Menara Matahari 20th Floor, Boulevard Palem Raya No. 7,
LippoKarawaciTangerang,Banten.TheCompanystartedcommercialoperationsin1986.

TheCompanyhasaSubsidiary,PTMatahariSuperEkonomiwhichstarteditscommercial
operationin1994andengagedinretail,withownershipof99.2%.TheCompanyoperates
Hypermart, Foodmart and Boston Health& Beauty stores in 267 locations in Jakarta and
other cities in Indonesia. The Immediate Parent Company is PT Multipolar Tbk., which is
theCompanysmajorshareholder.TheUltimateParentoftheCompanyisLaniusLimited.

TheCompanyhasapproximately13,169employeesasatDeptember30th,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.

110

RESEARCH AND DEVELOPMENT DIVISION

MPPA MatahariPutraPrimaTbk.[S]

COMPANY REPORT : JANUARY 2016

As of 29 January 2016

Main Board
Industry Sector : Trade, Services & Investment (9)
Industry Sub Sector : Retail Trade (93)

Individual Index
:
Listed Shares
:
Market Capitalization :

702.123
5,377,962,800
8,981,197,876,000

82 | 8.98T | 0.18% | 84.45%

38 | 10.5T | 0.76% | 71.28%

COMPANY HISTORY
Established Date
: 11-Mar-1986
Listing Date
: 21-Dec-1992
Under Writer IPO :
PT Jardine Fleming Nusantara
PT Lippo Securities
Securities Administration Bureau :
PT Sharestar Indonesia
Berita Satu Plasa 7th Fl.
Jln. Jend. Gatot Subroto Kav. 35-36, Jakarta 12950
Phone : (021) 527-7966
Fax
: (021) 527-7967
BOARD OF COMMISSIONERS
1. John Bellis
2. Chua Siang Hwee, Jeffrey *)
3. Johanes Jany
4. John Riady
5. Niel Nielson *)
6. Theo L. Sambuaga
7. William Travis Saucer *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Bunjamin Jonatan Mailool
2. Carmelito Jimenez Regalado
3. Ishak Kurniawan
4. Lina Haryanti Latif
5. Noel Trinder
AUDIT COMMITTEE
1. William Travis Saucer
2. Ganesh Chander Grover
3. Utomo Santoso
CORPORATE SECRETARY
Danny Kojongian
HEAD OFFICE
Menara Matahari 17th Fl.
Jln. Boulevard Palem Raya 7,
Lippo Karawaci 1200, Tangerang 15811

SHAREHOLDERS (January 2016)

1. DBS Bank Ltd. S/A PT Multipolar Tbk.
2. DBS Bank Ltd. Sa Prime Star Inv.
3. Public (<5%)

2,701,391,108 :
1,402,947,000 :
1,273,624,692 :

DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
1993
1994
1995
1996
1999
2000
2001
2002
2003
2005
2005
2006
2007
2009
2010
2010
2011
2012
2013
2014
2015

Shares
1:2

Dividend
100.00
35.00
50.00
15.00
16.50
31.00
11.00
12.00
13.00
14.00
25.00
10.40
11.50
16.10
180.00
300.00
6.00
186.00
186.00
36.00
7.00

Cum Date
06-Jun-94
27-Jun-95
05-Jul-96
11-Jul-97
28-Jul-00
18-Jun-01
19-Apr-02
10-Jun-03
14-Jun-04
14-Jun-05
25-Apr-06
22-May-07
15-Apr-08
07-Jun-10
23-Dec-10
07-Mar-11
30-Apr-12
15-May-13
05-May-14
21-May-15
01-Dec-15

Ex Date
07-Jun-94
28-Jun-95
08-Jul-96
14-Jul-97
31-Jul-00
19-Jun-01
22-Apr-02
11-Jun-03
15-Jun-04
15-Jun-05
26-Apr-06
23-May-07
16-Apr-08
08-Jun-10
27-Dec-10
08-Mar-11
01-May-12
16-May-13
06-May-14
22-May-15
02-Dec-15

Recording
Date
14-Jun-94
06-Jul-95
16-Jul-96
23-Jul-97
08-Aug-00
22-Jun-01
25-Apr-02
13-Jun-03
17-Jun-04
17-Jun-05
28-Apr-06
25-May-07
18-Apr-08
10-Jun-10
29-Dec-10
10-Mar-11
03-May-12
20-May-13
08-May-14
26-May-15
04-Dec-15

50.23%
26.09%
23.68%

Payment
Date
14-Jul-94
04-Aug-95
14-Aug-96
21-Aug-97
23-Aug-00
06-Jul-01
08-May-02
27-Jun-03
01-Jul-04
01-Jul-05
12-May-06
08-Jun-07
05-May-08
23-Jun-10
10-Jan-11
22-Mar-11
16-May-12
29-May-13
19-May-14
17-Jun-15
23-Dec-15

F
F
F
F
F
F
F
F
F
F
I
I
F
I
F
F
F
F
F
I

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.

Type of Listing
First Issue
Company Listing
CB Conversion
Bonus Shares
Right Issue
Stock Split
Warrant
Delisted Treasury Stock

Shares
8,700,000
33,366,320
8,051,274 T:
100,215,406
4,110,590,000 T:
450,999,000
864,624,800 T:
-198,584,000

Listing
Date
21-Dec-92
21-Dec-92
19-Jul-93 :
15-Jul-94
30-Jun-95 :
15-Sep-97
24-Sep-09 :
23-Jul-13

Trading
Date
21-Dec-92
21-Dec-92
17-Oct-94
15-Jul-94
16-Feb-07
15-Sep-97
15-Jul-10
23-Jul-13

Phone : (021) 546-9333, 547-5333, 5478

Fax
: (021) 547-5229, 547-5673
Homepage
Email

F/I

: www.hypermart.co.id
: danny.kojongian@hypermart.co.id

RESEARCH AND DEVELOPMENT DIVISION

111

MPPA MatahariPutraPrimaTbk.[S]
Closing
Price*

Volume
(Mill. Sh)

4,600

640

4,025

560

3,450

480

2,875

400

2,300

320

1,725

240

1,150

160

575

80

Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Closing Price*, Jakarta Composite Index (IHSG) and

Trade, Sevices and Investment Index
January 2012 - January 2016
385%
330%
275%
220%
165%
110%
79.6%
55%
33.4%
18.1%

-55%

Jan 12

Jan 13

Jan 14

Jan 15

Jan 16

SHARES TRADED

2012

2013

2014

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

787
969
65
245

7,158
14,783
140
244

9,789
27,106
282
242

3,867
13,339
516
244

155
266
30
20

1,630
840
1,150
1,150

3,150
1,080
1,940
1,940

3,665
1,720
3,050
3,050

4,500
1,530
1,825
1,825

1,945
1,595
1,670
1,670

23.45
15.42
3.17

34.76
22.13
6.19

53.63
12.43
3.54

49.08
12.79
3.24

Price (Rupiah)
High
Low
Close
Close*

26.89
PER (X)
19.08
PER Industry (X)
1.67
PBV (X)
* Adjusted price after corporate action

112

2015 Jan-16

RESEARCH AND DEVELOPMENT DIVISION

Closing Price

Freq.

Volume

Value

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Matahari Putra Prima Tbk. [S]
January 2012 - January 2016

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
960
970
950
940
970
960
1,120
1,330
1,630
1,600
1,600
1,330

Low
910
910
840
870
850
890
960
910
1,280
1,460
950
1,040

Close
920
930
880
940
940
960
1,020
1,290
1,500
1,510
1,330
1,150

(X)
1,374
4,901
4,960
1,563
2,035
2,133
3,982
11,930
11,229
5,137
9,938
5,601

Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13

1,330
1,900
1,950
2,025
2,525
3,150
3,000
2,525
2,225
2,475
2,475
2,050

1,080
1,230
1,690
1,600
1,760
2,225
1,980
1,800
1,800
2,025
1,970
1,840

1,220
1,780
1,820
1,990
2,425
2,925
2,425
2,150
2,050
2,400
1,990
1,940

8,016
17,145
6,263
9,290
14,479
19,045
19,628
8,660
10,914
8,799
7,279
10,218

95,364
2,238,349
1,201,762
162,030
632,628
356,820
441,101
278,973
291,423
543,862
423,849
491,440

113,111
4,178,771
2,384,897
296,089
1,325,297
967,543
1,123,951
633,042
591,414
1,256,005
959,690
952,824

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

2,020
2,225
2,755
3,025
3,100
3,385
3,500
3,145
3,500
3,345
3,375
3,665

1,720
2,000
2,100
2,450
2,465
2,850
2,675
2,650
3,005
2,650
2,980
3,050

2,005
2,165
2,685
2,770
3,100
3,125
2,945
3,080
3,150
3,145
3,265
3,050

15,355
13,543
22,424
21,586
19,245
15,931
19,715
25,031
24,841
39,355
35,027
30,107

1,067,464
953,123
1,005,504
637,742
822,381
770,793
698,384
675,132
1,183,344
1,012,928
505,329
457,043

2,017,903
2,018,158
2,388,968
1,782,415
2,317,655
2,451,819
2,093,143
2,008,343
3,816,651
3,059,473
1,603,980
1,547,231

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

3,985
4,500
4,500
4,190
4,120
3,750
3,135
2,890
2,450
2,750
2,270
1,955

2,825
3,560
3,875
3,620
3,650
2,950
2,700
2,020
1,825
1,935
1,855
1,530

3,800
4,180
3,960
3,960
3,650
2,950
2,900
2,500
1,920
2,245
1,875
1,825

52,197
42,901
65,140
48,681
30,880
41,366
46,401
31,822
22,446
43,874
53,113
37,179

965,027
733,820
960,099
152,376
68,604
97,328
100,334
103,234
68,227
236,463
209,419
171,643

3,152,305
3,000,209
4,008,062
590,738
266,983
323,499
295,593
250,811
150,491
568,523
430,981
300,349

21
19
22
21
19
21
19
20
21
21
21
19

Jan-16

1,945

1,595

1,670

30,441

155,300

265,824

20

(Thou. Sh.) (Million Rp)

20,571
19,147
30,362
28,385
33,299
30,280
15,097
13,696
29,919
27,779
50,794
54,947
31,578
33,311
182,567
209,632
142,859
210,894
122,065
79,736
109,812
155,895
56,270
66,849

21
21
21
20
21
21
22
19
20
22
19
18

MPPA MatahariPutraPrimaTbk.[S]
Financial Data and Ratios

Book End : December

Public Accountant : Amir Abadi Jusuf, Aryanto, Mawar & Rekan (Member of RSM International)
BALANCE SHEET

Dec-11

Dec-12

Dec-13

Dec-14

Dec-15

1,403,075

1,361,736

1,302,610

747,710

408,945

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

(Million Rp except Par Value)

Cash & Cash Equivalents

Assets

Receivables

257,596

43,338

414,042

383,264

673,879

Inventories

1,266,120

1,670,574

2,273,548

2,655,023

2,758,970

Current Assets

3,618,563

5,084,740

4,167,989

3,904,064

3,971,189

Fixed Assets

1,643,505

775,125

1,086,757

1,272,601

1,461,743

Other Assets
Total Assets

9,000
6,750

310,902

126,162

183,642

175,619

175,783

10,308,169

8,225,206

6,579,518

5,827,294

6,294,210

-20.21%

-20.01%

-11.43%

8.01%

2,250
-

Growth (%)
Current Liabilities

2,960,433

2,715,926

3,037,430

2,749,630

2,814,709

Long Term Liabilities

1,664,288

1,663,526

247,118

228,978

703,907

Total Liabilities

4,624,721

4,379,452

3,284,548

2,978,608

3,518,616

-5.30%

-25.00%

-9.31%

18.13%

Growth (%)

Liabilities

11,250

4,500

2011

2012

2013

2014

Dec-15

TOTAL EQUITY (Bill. Rp)

Authorized Capital

5,400,000

540,000

540,000

540,000

540,000

Paid up Capital

2,788,273

278,827

268,898

268,898

268,898

5,577

5,577

5,378

5,378

5,378

500

50

50

50

50

Retained Earnings

2,642,389

2,831,270

2,251,464

1,805,180

1,732,088

Total Equity

5,683,448

3,845,754

3,294,970

2,848,686

2,775,594

-32.33%

-14.32%

-13.54%

-2.57%

Dec-12

Dec-13

Dec-14

Dec-15

Paid up Capital (Shares)

Par Value

Growth (%)
INCOME STATEMENTS
Total Revenues

Dec-11

22.00%

9.61%

14.08%

2.49%

Cost of Revenues

7,351,010

8,970,603 10,023,943 11,235,948 11,572,378

Gross Profit

1,557,601

1,897,561

1,888,820

2,354,457

2,356,481

Expenses (Income)

1,393,229

1,555,054

1,300,345

1,642,796

2,087,857

342,507

588,475

711,661

268,624

71.81%

20.93%

-62.25%

Growth (%)
Other Income (Expenses)
Income before Tax
Tax
Profit for the period

3,846

4,524

3,295
3,365

2,849

2,776

2014

Dec-15

2,205

1,046

8,908,611 10,868,164 11,912,763 13,590,405 13,928,859

Growth (%)

Operating Profit

5,683

-44,418

-3,454

19,177

-35,578

164,372

298,089

585,021

730,838

233,046

44,073

58,611

140,116

176,821

50,047

120,299

239,478

444,905

554,017

182,999

99.07%

85.78%

24.52%

-66.97%

Growth (%)

-114

2011

2012

2013

TOTAL REVENUES (Bill. Rp)

13,590

10,868
10,818

13,590

13,929

2014

Dec-15

11,913

8,909

8,046

5,273

2,501

Period Attributable

105,037

220,547

444,905

554,017

182,999

Comprehensive Income

120,301

238,448

444,905

554,017

178,334

Comprehensive Attributable

105,039

219,517

444,905

554,017

178,334

RATIOS

Dec-11

Dec-12

Dec-13

Dec-14

Dec-15

122.23

187.22

137.22

141.99

141.09

6.00

186.00

186.00

36.00

7.00

Current Ratio (%)

Dividend (Rp)

18.84

39.55

82.73

103.02

34.03

BV (Rp)

1,019.17

689.63

612.68

529.70

516.11

DAR (X)

0.45

0.53

0.50

0.51

0.56

DER(X)

0.81

1.14

1.00

1.05

1.27

ROA (%)

1.17

2.91

6.76

9.51

2.91

ROE (%)

2.12

6.23

13.50

19.45

6.59

GPM (%)

17.48

17.46

15.86

17.32

16.92

OPM (%)

3.15

4.94

5.24

1.93

NPM (%)

1.35

2.20

3.73

4.08

1.31

31.85

470.30

224.83

34.95

20.57

0.65

16.17

9.59

1.18

0.38

EPS (Rp)

Payout Ratio (%)

Yield (%)

-272

2011

2012

2013

PROFIT FOR THE PERIOD (Bill. Rp)

554
554

445
441

328

239
183

215

120
102

-11

2011

2012

2013

2014

Dec-15

RESEARCH AND DEVELOPMENT DIVISION

113