PT Surya Toto Indonesia Tbk.

Stone, Clay, Glass and Concrete Products

Head Office Toto Building Summary of Financial Statement

Jl. Tomang Raya No. 16-18
Jakarta 11430 (Million Rupiah)
Phone (021) 2929-8686 (Hunting) 2011 2012 2013
Fax (021) 568-2282, 560-1296 Total Assets 1,339,570 1,522,664 1,746,178
E-mail: sti@toto.co.id Current Assets 837,114 966,806 1,089,799
Factories - Jl. M.H Thamrin Km. 7, Desa Pakulonan, of which
Serpong, Tangerang, Banten Cash and cah equivalents 213,979 200,151 252,491
Trade receivables 313,231 404,437 450,022
Phone (021) 539-7909, 539-7908
Inventories 280,977 331,839 359,987
Fax (021) 539-7911, 539-7912
Non-Current Assets 502,456 555,858 656,379
- Jl. Raya Tiga Raksa No.1 Km.21 of which
Phone (021) 596-0657, 596-1676 Fixed Assets-Net 476,327 461,182 558,783
Fax (021) 596-0656 Deffered Tax Assets 15,290 23,489 31,756
Desa Bojong, Cikupa, Tangerang, Banten Other Assets 10,839 71,187 65,840
- Jl. Raya Pasar Kemis Km. 7, Kampung Cilongo
Desa Sukamantri Kec. Pasar Kemis- Liabilities 579,029 624,499 710,527
Tangerang-Banten Current Liabilities 444,637 448,768 496,495
Business Manufacturers of Sanitary wires and of which
Short-term debt 157,670 149,505 141,095
Plumbing Fittings & System Kitchen
Trade payables 155,349 148,944 208,359
Company Status PMDN
Taxes payable 8,534 26,854 11,898
Financial Performance: In 2013, the Company booked Accrued expenses 11,692 4,476 3,331
Current maturities of
net income amounted IDR236.558 billion, decrease from
long-term debt 16,612 20,232 24,742
IDR236.696 billion recorded last year. Non-Current Liabilities 134,392 175,731 214,032
Brief History: PT Surya Toto Indonesia was established
in 1977 as a joint venture between three Indonesian company, Shareholders' Equity 760,541 898,165 1,035,650
PT Intimitra Sejahtera, PT Suryaparamitra Abadi and PT Mul- Paid-up capital 49,536 49,536 49,536
Paid-up capital
tifortuna Asindo, and two Japanese companies, Toto Ltd., and
in excess of far value 426 426 426
Kashima Trading Company Ltd. Retained earnings (accumulated loss) 710,579 848,203 985,688
Foreseeing a promising future in the production of sani-
tary ware, CV Surya entered into a joint venture with TOTO Net Sales 1,341,927 1,576,763 1,711,307
Cost of Goods Sold 944,934 1,097,694 1,223,978
Limited of Japan under the name P.T. SURYA TOTO INDO-
Gross Profit 396,992 479,069 487,329
NESIA. This measure was taken in order to take the advantage Operating Expenses 97,194 105,203 139,921
of Indonesias ample resources, which include a plentiful supply Operating Profit 299,798 373,866 347,408
of skilled workers, abundant raw materials and low fuel cost. Other Income (Expenses) (6,772) (37,584) (24,203)
P.T. SURYA TOTO INDONESIA currently operates two sani- Profit (Loss) before Taxes 293,027 336,282 323,205
Comprehensive Profit (Loss) 218,724 236,696 236,558
tary ware plants, and a sanitary fitting plant, and employs ap-
proximately 3,508 people. This dynamic enterprise continue Per Share Data (Rp)
to rely on superior product, savvy marketing, highly motivated Earnings (Loss) per Share 4,415 478 478
employees and the expansion of its worldwide sales network to Equity per Share 15,353 1,813 2,091
provide quality products that improve our way of life. Dividend per Share 1,000 100 100
Closing Price 50,000 6,650 7,700

Financial Ratios
PER (x) 11.32 13.92 16.12
PBV (x) 3.26 3.67 3.68
Dividend Payout (%) 22.65 20.93 20.94
Dividend Yield (%) 2.00 1.50 1.30

Current Ratio (x) 1.88 2.15 2.19

Debt to Equity (x) 0.76 0.70 0.69
Leverage Ratio (x) 0.43 0.41 0.41
Gross Profit Margin (x) 0.30 0.30 0.28
Operating Profit Margin (x) 0.22 0.24 0.20
Net Profit Margin (x) 0.16 0.15 0.14
Inventory Turnover (x) 3.36 3.31 3.40
Total Assets Turnover (x) 1.00 1.04 0.98
Shareholders ROI (%) 16.33 15.54 13.55
ROE (%) 28.76 26.35 22.84
Toto Limited, Japan 39.48%
PT Multifortuna Asindo 31.38% PER = 11,33x ; PBV = 3,23x (June 2014)
PT Suryaparamitra Abadi 25.34% Financial Year: December 31
Public Accountant: Purwantono, Suherman & Surja
Public 3.80%

402 Indonesian Capital Market Directory 2014

PT Surya Toto Indonesia Tbk. Stone, Clay, Glass and Concrete Products

Board of Commissioners Board of Directors

President Commissioner Mardjoeki Atmadiredja
Vice President Commissioner Soichi Abe
Commissioners Segara Utama, Umarsono Andy,
Achmad Kurniadi
President Director Hanafi Atmadiredja
Vice President Director Yuji Inoue
Directors Benny Suryanto, Juliawan Sari, Fauzie Munir
Yutaka Hirota, Ferry Prajogo,
Setia Budi Purwadi, Kazuo Watanabe,
Anton Budiman, Hiroshi Tanie,

Number of Employees 3,710

No Type of Listing Listing Date Trading Date Number of Shares Total Listed
per Listing Shares
1 First Issue 30-Oct-90 30-Oct-90 2,687,500 2,687,500
2 Partial Listing 01-May-91 19-Jul-91 2,680,000 5,367,500
3 Bonus Shares 12-Jun-91 12-Jun-91 4,300,000 9,667,500
4 Partial Listing 29-Jul-92 29-Jul-92 217,125 9,884,625
5 Bonus Shares 29-Jul-92 29-Jul-92 5,160,000 15,044,625
6 Bonus Shares 08-Nov-94 08-Nov-94 18,576,000 33,620,625
7 Company Listing 29-Nov-00 29-Nov-00 15,915,375 49,536,000
8 Stock Splits 09-Aug-12 09-Aug-12 445,824,000 495,360,000
Underwriters
PT INDOVEST, PT Asean Development Securities, PT Nomura 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 6,850 6,450 6,600 52.00 343.00 60 14 495,360,000 3,269,376.00
February-13 7,500 6,500 7,300 230.00 1,640.00 116 14 495,360,000 3,616,128.00
March-13 8,100 7,200 8,000 138.00 1,079.00 61 18 495,360,000 3,962,880.00
April-13 8,450 7,500 8,450 249.00 2,003.00 39 13 495,360,000 4,185,792.00
May-13 8,950 7,950 8,050 295.00 2,492.00 128 16 495,360,000 3,987,648.00
June-13 8,150 7,000 8,000 160.00 1,218.00 113 17 495,360,000 3,962,880.00
July-13 8,000 7,350 8,000 102.00 794.00 69 14 495,360,000 3,962,880.00
August-13 8,700 7,100 8,200 166.00 1,307.00 121 13 495,360,000 4,061,952.00
September-13 8,200 7,500 7,700 72.00 564.00 54 12 495,360,000 3,814,272.00
October-13 7,850 7,250 7,600 118.00 886.00 78 12 495,360,000 3,764,736.00
November-13 7,700 7,300 7,600 37.00 280.00 31 8 495,360,000 3,764,736.00
December-13 7,900 7,400 7,700 50.00 384.00 30 8 495,360,000 3,814,272.00
January-14 8,000 7,275 7,875 778.00 339.00 128 17 495,360,000 3,900,960.00
February-14 7,775 7,300 7,675 30.00 231.00 40 11 495,360,000 3,801,888.00
March-14 7,975 7,200 7,700 86.00 648.00 83 11 495,360,000 3,814,272.00
April-14 7,700 7,250 7,325 56.00 412.00 98 18 495,360,000 3,628,512.00
May-14 7,475 6,700 7,050 84.00 606.00 157 18 495,360,000 3,492,288.00
June-14 7,075 6,500 6,675 168.00 1,155.00 221 21 495,360,000 3,306,528.00

Stock Price and Traded Chart

Stock Price (Rp) Thousand Shares
9,000 140

8,000
120
7,000
100
6,000

5,000 80

4,000 60

3,000
40
2,000
20
1,000

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

Institute for Economic and Financial Research 403