Optimisme dalam

Beradaptasi dan
Berinovasi
Optimism in Adaptation and Innovation
Panduan Umum:
Harap diperhatikan petunjuk dalam membaca laporan ini,
‘Perseroan’ dan ‘Astra’ mengacu pada PT Astra International Tbk
sebagai perusahaan induk. ‘Grup’ dan ‘Grup Astra’ mengacu
pada PT Astra International Tbk, anak perusahaan dan
perusahaan afiliasinya. Laba bersih mengacu pada laba yang
diatribusikan kepada pemilik entitas induk.

General Use of Terms:

For guidance when reading this report, please note the terms
‘the Company’ and ‘Astra’ refer to PT Astra International Tbk
as the parent company. ‘Group’ and ‘Astra Group’ refer to PT
Astra International Tbk, its subsidiaries and its affiliates. Net
income refers to profit attributable to owners of the parent.

Sangkalan:
Laporan Tahunan ini berisi pernyataan-pernyataan yang
beberapa di antaranya dapat dianggap sebagai pandangan masa
depan (forward looking statements), yang memiliki prospek
risiko dan ketidakpastian, dan kenyataan yang terjadi mungkin
dapat secara material berbeda dengan apa yang terdapat dalam
pernyataan.
Beberapa foto dalam laporan ini diambil sebelum masa
pandemi. Untuk foto yang diambil di masa pandemi, dilakukan
dengan protokol kesehatan.

Disclaimer:
This Annual Report contains statements, some of which may be
considered forward looking statements, which have the
prospect of risk and uncertainty, and their actual development
may be materially different from that which is stated.
Some of the pictures in this report were taken before the
pandemic. Photos taken during the pandemic was done
following
the health protocols.
Tahun 2020, dunia dilanda pandemi COVID-19 dan menimbulkan
krisis yang belum pernah terjadi dalam 100 tahun terakhir.

Menyikapi situasi yang menantang dengan penuh ketidakpastian

ini, Grup Astra dengan cepat merumuskan strategi dan kebijakan
penanggulangan pandemi untuk beradaptasi dan berinovasi
menghadapi realitas baru, yang selanjutnya diterapkan secara
serentak oleh portofolio bisnis Astra. Selain itu, Astra juga
senantiasa mendukung Insan Astra, masyarakat dan bangsa
Indonesia untuk bersama-sama menghadapi pandemi ini.

Tahun 2020 juga memiliki makna penting bagi Grup Astra dalam
memetakan perjalanan berikutnya menjadi “Kebanggaan Bangsa”
menuju Goal 2030 untuk menjadi salah satu perusahaan yang
membanggakan bagi Indonesia di mata dunia dalam semua
aktivitasnya.

Dengan fondasi bisnis yang kuat, yang telah dibangun selama

ini melalui ketahanan, kekuatan, kemampuan beradaptasi,
dan kegigihan, Grup Astra menyongsong masa depan dengan
senantiasa berusaha yang terbaik dan optimis dalam mewujudkan
bisnis yang solid dan berkelanjutan.

In 2020, the world was hit by the COVID-19 pandemic, which precipitated a crisis that
has no precedent in the last 100 years.
Responding to this challenging and uncertain situation, Astra Group formulated
pandemic response strategies and policies to adapt and innovate to the new realities,
which were implemented simultaneously across all Astra Group’s business portfolios. In
addition, Astra also continued to support its employees, the surrounding community
and the nation in facing the pandemic.
2020 also marked a milestone for Astra Group in charting the next stage of its “Pride
of the Nation” journey towards the Goal 2030 to become one of the companies that
make Indonesia proud in the eyes of the world in all its activities.
Having built a robust business foundation over the years with resilience, energy,
adaptability, and persistence, Astra Group continues to leverage its optimism and best
efforts to realize a solid and sustainable business.
Daftar
Isi
contents

06 50
Profil Perusahaan
Ikhtisar Company Profile
Highlights 52 Informasi Perseroan
01 Tema | Theme Company Information

04 Kesinambungan Tema 56 Motto, Cita-Cita, Filosofi, Misi, dan Visi

Themes Continuity Motto, Aim, Corporate Philosophy, Mission, and Vision

06 Ikhtisar Keuangan 58 Sekilas Grup Astra

Financial Highlights Astra Group at a Glance

08 Ikhtisar Saham 60 Produk dan Jasa/Segmen Usaha

Stock Highlights Products and Services/Business Segments

10 Penghargaan dan Sertifikasi 62 Tonggak Sejarah

Awards and Certifications Milestones

12 Peristiwa Penting 68 Profil Dewan Komisaris

Event Highlights Board of Commissioners’ Profile

18 72 Profil Direksi
Board of Directors’ Profile
Laporan Manajemen
Management Reports 76 Struktur Organisasi
20 Laporan Dewan Komisaris Organizational Structure
Board of Commissioners’ Report
79 Profil Komite-Komite
28 Dewan Komisaris Committees’ Profiles
Board of Commissioners
80 Struktur Grup Astra
30 Laporan Direksi Astra Group Structure
Board of Directors’ Report
82 Anak Perusahaan, Ventura Bersama, dan Entitas
46 Direksi Asosiasi
Board of Directors Subsidiaries, Joint Ventures, and Associates

48 Tanggung Jawab Laporan Tahunan 2020 89 Lembaga Penunjang Pasar Modal

Responsibility for Annual Report 2020 Capital Market Supporting Institut…

2016
Merintis Jalan Menuju Tingkat Pertumbuhan
Selanjutnya
Menyikapi kondisi lingkungan bisnis yang penuh
tantangan sepanjang tahun 2016, Astra terus berinovasi
dan merintis berbagai terobosan pada portofolio dan
proses bisnis serta organisasi, agar dapat menyesuaikan
dengan realitas tantangan dan kondisi pasar yang ada.
Dengan tetap fokus pada kekuatan Astra dalam hal
keunggulan produk, hubungan erat dengan pelanggan,
serta inisiatif efisiensi di segala bidang, Astra berhasil
membukukan kinerja operasional dan pada tahun 2016.
Pencapaian tersebut memungkinkan Astra untuk tetap
mempertahankan posisi kepemimpinan pasar sebagai
salah satu perusahaan terbaik di Indonesia saat ini,
membuka jalan menuju aspirasi Goal 2020, yaitu
Kebanggaan Bangsa.
Paving the Way for the Next Level of Growth
Facing the challenging business environment throughout
2016, Astra has continued to innovate and pioneer
various business portfolio and process as well as
organization, in order to adapt to the reality of challenges
and market conditions. By consistently focusing on its
strengths in product excellence, customer intimacy and
efficiency across the board, Astra was able to maintain a
good business and operational performance in 2016. This
accomplishment allows Astra to sustain its market
leadership position as one of Indonesia’s prominent
companies today, paving the way for its Goal 2020
aspiration, to be the Pride of the Nation
2018
Inovasi dan Digitalisasi: Menciptakan Nilai untuk Tumbuh Secara
2017 Berkelanjutan
Di tengah berbagai tantangan perekonomian dan bisnis sepanjang
tahun 2018, Grup Astra mempertahankan keberlanjutan bisnisnya
Memberdayakan Keunggulan Internal dengan terus membangun kapabilitas pada empat fokus utama:
Tahun 2017 merupakan tonggak penting perjalanan Astra yang telah
melakukan inovasi yang berkelanjutan, membangun Insan Astra yang
mencapai usia 60 tahun sejak didirikan pada tahun 1957. Dalam
berorientasi global, menjadi organisasi yang agile serta menjadi mitra
perjalanan enam dasawarsa Astra dalam menginspirasi negeri sekaligus
pilihan. Dalam menghadapi perubahan bisnis yang masif, cepat dan
mewujudkan cita-cita “Sejahtera Bersama Bangsa”, Astra telah
sulit diprediksi arahnya sebagai dampak dari pesatnya kemajuan
bertransformasi menjadi satu grup perusahaan di Indonesia yang
teknologi informasi dan komunikasi, Grup Astra juga telah
menaungi lebih dari 210.000 karyawan yang tersebar di lebih dari 200
mempercepat inisiatif digitalisasinya untuk mendorong efektivitas
perusahaan di seluruh tanah air.
proses bisnis, mengoptimalisasi jangkauan penetrasi pasar, dan
memperkenalkan berbagai inovasi dan layanan baru dengan platform
Dalam menghadapi berbagai tantangan bisnis sepanjang tahun 2017,
digital.
Astra melakukan terobosan-terobosan yang memfokuskan pada
pendayagunaan kapabilitas internal berupa kompetensi teknikal dan non-
Dengan mengembangkan kapabilitas digital dan terus mendorong
teknikal yang mumpuni, budaya organisasi yang kokoh, sistem
penciptaan nilai tambah bagi pelanggan, karyawan, mitra bisnis,
manajemen yang mapan, jaringan yang luas, kepercayaan pelanggan yang
pemegang saham dan bangsa Indonesia, Grup Astra terus maju dalam
kuat dan brand value Astra yang tinggi. Hasilnya, Astra meraih kinerja
perjalanan strategisnya menuju Kebanggaan Bangsa.
operasional dan bisnis yang menggembirakan di tahun 2017. Dengan ini,
Astra melanjutkan langkahnya menuju aspirasi Goal 2020, yaitu
Kebanggaan Bangsa.
Innovation and Digitalization: Creating Value to Sustain
Growth
Amidst challenges in the economy and business throughout 2018,
Building up Our Natural Capabilities
Astra Group maintained the sustainability of its business by continuing
The year 2017 is an important milestone as Astra commemorated the
to build its capabilities focusing on four core areas: continuous
60th year anniversary since it was first established in 1957. In Astra’s six
innovation, developing globally oriented employees, being an agile
decades of journey to aspire to “Prosper with the Nation”, Astra has
organization, and being a partner of choice. Also, in the face of
transformed to become an Indonesian group company with more than
massive, rapid and unpredictable changes in the business landscape,
210,000 employees spread across more than 200 companies throughout
Astra Group has stepped-up its digitalization initiatives to drive more
Indonesia. Amid the various business challenges in 2017, Astra made
effective business processes, optimize market penetration capability,
breakthroughs by focusing on building our natural capabilities, such as our
and introduce various innovations and new services on digital
technical and non-technical competencies, solid company culture,
platforms. By building digital capabilities while continuing to
established management system, wide network, strong customers’ trust
encourage the creation of added value for its customers, employees,
and high value of Astra brand. The result was Astra generated outstanding
business partners, shareholders and the people of Indonesia, Astra
operational and business performance in 2017. With this, Astra continue
Group moves forward in its strategic journey towards the Pride of the
its course to reach its 2020 Goal, to be Pride of the Nation.
Nation.
Ikhtisar
Keuangan
Financial Highlights

* Restated due to implementation of PSAK 69 (2015) -

Agriculture. 1. Trade Receivables + Inventories - Trade
Payables. 2. Profit for the year/Total Assets. 3. Profit for the
year/Total Equity. 4. Subject to the approval of shareholders at
Annual General Meeting of Shareholders in April 2021. 5. (Net
Cash)/Net Debt excludes Financial Services/Total Equity

Pendapatan Bersih
Net Revenue dalam miliar
Rupiah | in billions Rupiah
Laba yang Diatribusikan
kepada Pemilik Entitas
Induk Profit Attributable to
Owners of the Parent dalam
miliar Rupiah | in billions
Rupiah
Price Movements and Trading Volume of the Company's Shares (ASII) 2019-2020 on the IDX
2019-2020 Company (ASII) Stock Price Movement and Trading Volume at IDX

2019-2020 Quarterly Company (ASII) Stock Price and Trading Volume at IDX
 Stock Listing Chronology

Corporate Actions
The Company did not undertake any corporate actions related to its shares in 2020
Suspension or Delisting

Throughout the 2020 financial year, no delisting or suspension was imposed on

the stock trading of PT Astra International Tbk by the Indonesia Stock Exchange.
 Event Highlights
January
For the first time, PT Astra
Honda Motor (AHM) exported
Honda PCX in a completely
knock down (CKD) form out of
Asia, to Brazil. This was a
testament to the appreciation
and trust from the global
market in the quality of
products and components
produced domestically in
Indonesia. In 2020, AHM
exported around 409,000 units
of CKD Honda motorcycles and
more than 288,000 units of
completely built up (CBU)
Honda motorcycles
February
On its 63rd anniversary, Astra
remained spirited to
continue contributing to the
development of Indonesia.
Pride of the Nation remained
the theme of Astra’s 63rd
anniversary in 2020. One of
its contributions was the
launching of the Spirit to
Reduce Plastic movement in
Astra’s 63rd anniversary. The
movement also invited Astra
Group and foundations to
reduce plastic waste and
boost the circular economy
 March May June
InnovAstra annual
competition award Astra completed the sale of PT Astra International Tbk
returned for the 36th its 44.56% stake in Permata held its 2020 Annual
time in 2020. The Bank. However, the General Meeting of
award aimed to business collaboration Shareholders (AGMS), which
appreciate innovators between Astra Group and among others appointed
in Astra Group who Permata Bank continues, Rahmat Waluyanto and
implemented which primarily aimes to Apinont Suchewaboripont
improvement projects provide more as Independent
and innovations for its comprehensive products Commissioners. The AGMS
companies with the Juneand build a broader also approved the 2019
theme, Embracing ecosystem through digital annual report and financial
Startup Spirit Through channels. statements.
Innovation.
 July
Astra continued its
commitment to develop the
Desa Sejahtera Astra (DSA)
program in 105 more
villages, hence the total DSA
becomes 750 villages. The
commitment was marked
by the extending the
memorandum of
understanding on DSA
development with the
Ministry for Villages,
Underdeveloped Regions
Development and
Transmigration in the Kick-
Off of Desa Sejahtera Astra
2020, held virtually. DSA is a
form of Astra’s sustainable
social contribution.
August October
In the spirit of independence, Astra held In conjunction with Youth Pledge day,
75th Indonesian Anniversary celebrations SATU Indonesia Awards determined 11
with strict observance of health “nation’s diamonds” across the
protocols, limiting attendance and country as the recipients of 11th SATU
hosting a virtual music concert and Indonesia Awards 2020, held virtually
traditional games
Astra is committed to the development
of quality Indonesian vocational
education by participating in the
construction of the Diponegoro
University (Undip) Vocational School
Building. Inaugurated virtually by
President Joko Widodo, the Vocation
School Building is expected to provide
real and relevant skills with the need of
the industry and public, in line with the
industry 4.0 revolution.
 November
The Astra Group, through ASTRA Infra, acquired a
100% stake in Jakarta Marga Jaya, which owns 35%
of Marga Lingkar Jakarta, the operator of the
7.7km Kebon JerukUlujami toll road, part of the
Jakarta Outer Ring Road I
December
In supporting non-oil and gas exports and boosting national
economic growth, Astra Group participated in the Export
Release from Indonesia to Global Market event led by
Indonesian President Joko Widodo virtually from the State
Palace.

Astra, through PT Sedaya Multi Investama (SMI),

acquired 49.99% shares of PT Astra Aviva Life
(subsequently PT Asuransi Jiwa Astra), known as
Astra Life, from Aviva International Holdings
Limited (Aviva). With this transaction, Astra Life is
99.99% owned by Astra directly and indirecty.
Changes in the Board of Commissioners’ Composition
In 2020, Astra made changes to the composition of the Board of Commissioners, as
approved by the Annual General Meeting of Shareholders (AGMS) held on 16 June 2020.
The composition of the Board of Commissioners at the end of 2020 was as follows:

The Company received the resignation letter of Mr. Mark Spencer Greenberg on 22 December
2020

. The Board of Commissioners expresses gratitude to Mr. Muhamad Chatib Basri, Mr. Akihiro
Murakami and Mr. David Alexander Newbigging for their contribution and service as
commissioners.