FPNI Titan Kimia Nusantara Tbk.

[S]
COMPANY REPORT : FEBRUARY 2013
Development Board
Industry Sector : Basic Industry And Chemicals (3)
Industry Sub Sector : Plastics & Packaging (35)

As of 28 February 2013
:
Individual Index
:
Listed Shares
Market Capitalization :

38.826
5,566,414,000
712,500,992,000

289 | 0.60T | 0.01% | 99.07%

399 | 0.004T | 0.0004% | 99.996%

COMPANY HISTORY
Established Date : 09-Dec-1987
Listing Date
: 21-Mar-2002
Under Writer IPO :
PT Ciptadana Sekuritas
Securities Administration Bureau :
PT Adimitra Transferindo

SHAREHOLDERS (February 2013)

1. Lotte Chemical Titan International Sdn. Bhd
2. Public (<5%)

Jln. Perintis Kemerdekaan Jakarta 13210

DIVIDEND ANNOUNCEMENT
Cash
Bonus
Year Shares Dividend Cum Date
2001
25.00 14-Jun-02
2002
25.00 13-Dec-07

Phone : 478-81515 (Hunting)

Fax
: 470-9697

ISSUED HISTORY

Plaza Property 2nd Fl. Komp. Pertokoan Pulomas Blok VIII No. 1

BOARD OF COMMISSIONERS
1. Lee HunKi
2. Mas Achmad Daniri *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Lee Hyung Shik
2. Johanes Bambang Budihardja
3. Yoon SungKu
AUDIT COMMITTEE
1. Kemal A. Stamboel
2. Hari Setianto
CORPORATE SECRETARY
Johanes Bambang Budihardja
HEAD OFFICE
Gedung Setiabudi 2, Lt. 3 Suite 306 - 307
Jln. H.R. Rasuna Said Kav. 62
Jakarta - 12920
Phone : (021) 529-07008
Fax
: (021) 529 07281
Homepage
Email

: www.pttitan.com
: bambang.budihardja@pttitan.com

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

Type of Listing
First Issue
Company Listing
Right Issue
Right Issue
Right Issue
Right Issue
Right Issue
Right Issue

Ex Date
17-Jun-02
14-Dec-07

Shares
67,000,000
343,200,000
4,036,571,815
1,979,000
950,000
2,829,710
37,279,100
1,076,604,375

5,305,434,715 :
260,979,285 :

Recording
Date
20-Jun-02
18-Dec-07

Listing
Date
21-Mar-02
21-Mar-02
14-Jan-08
16-Jan-08
17-Jan-08
22-Jan-08
23-Jan-08
29-Jan-08

95.31%
4.69%

Payment
F/I
Date
04-Jul-02 F
08-Jan-08 F

Trading
Date
21-Mar-02
27-Oct-02
14-Jan-08
16-Jan-08
17-Jan-08
22-Jan-08
23-Jan-08
29-Jan-08

FPNI Titan Kimia Nusantara Tbk. [S]

TRADING ACTIVITIES

Closing Price* and Trading Volume

Titan Kimia Nusantara Tbk. [S]
January 2009 - February 2013

Closing Price
Volume
(Mill. Sh)

280

320

245

280

210

240

175

200

140

160

105

120

70

80

35

40

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Closing Price*, Jakarta Composite Index (IHSG) and

Basic Industry and Chemicals Index
January 2009 - February 2013
315%

Close
60
63
99
140
164
184
197
205
200
230
200
200

37
65
90
563
1,362
1,294
1,642
1,080
430
4,877
1,721
385

430
1,261
408
5,873
17,719
17,442
32,812
13,321
5,107
106,266
27,163
5,960

26
74
30
716
3,156
3,016
6,890
2,714
1,016
25,652
5,973
1,202

10
11
8
13
18
22
21
20
18
22
20
19

Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

235
205
230
245
215
152
179
147
150
147
195
181

198
193
197
210
120
130
122
126
101
120
130
135

200
198
225
220
140
139
155
128
128
135
168
142

1,304
197
3,191
3,703
3,382
1,059
3,157
884
1,656
1,393
6,059
1,257

29,337
5,041
88,246
120,603
50,989
9,161
39,469
6,529
19,056
26,057
122,209
11,492

6,352
994
18,896
26,922
9,374
1,226
6,156
870
2,423
3,534
20,668
1,812

20
18
22
21
19
22
22
21
17
21
21
19

Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

167
143
145
148
147
152
194
205
189
169
170
177

132
132
128
121
133
126
130
145
140
130
131
134

140
136
131
144
140
143
166
178
153
150
136
157

415
101
482
937
331
734
1,216
4,613
1,101
234
212
483

277,914
2,442
4,440
8,617
3,730
3,567
21,233
80,492
9,498
1,680
1,115
2,900

36,768
332
600
1,182
517
485
3,649
15,431
1,691
240
164
427

18
17
22
18
18
16
20
19
20
18
17
18

Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

165
151
156
172
163
142
128
124
110
130
133
126

140
140
140
142
132
116
116
107
101
109
110
106

151
144
145
160
137
118
117
107
109
125
111
115

679
304
290
272
395
121
60
12
12
55
84
32

8,362
1,535
8,336
3,611
4,001
689
957
272
91
215
295
147

1,183
222
1,180
577
594
85
112
29
9
27
35
16

16
17
19
19
20
17
16
7
4
9
11
9

Jan-13
Feb-13

123
152

106
105

107
128

64
138

347
709

39
95

10
12

Month

307.6%

270%
233.7%

225%
180%
135%
90%

58.0%

45%
-45%

Jan 09

Low
52
51
62
70
125
140
155
181
191
192
200
190

Volume
Value
Freq.
(X) (Thou. Sh.) (Million Rp)

Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09

High
81
65
100
167
225
199
245
225
220
270
240
215

Day

Closing
Price*

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

Volume (Million Sh.)

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

234
50
14
202

528
99
27
243

418
61
11
221

2012 Feb-13
29
4
2
164

1
0.1
0.2
22

Price (Rupiah)
High
Low
Close
Close*

270
51
200
200

245
101
142
142

205
121
157
157

172
101
115
115

152
105
128
128

3.17
-3.86
PER (X)
9.88
12.86
PER Industry (X)
0.72
0.62
PBV (X)
* Adjusted price after corporate action

-7.53
10.41
0.79

-4.48
9.79
0.60

-4.99
9.95
0.67

FPNI Titan Kimia Nusantara Tbk. [S]

Financial Data and Ratios
Public Accountant : Osman Bing Satrio & Rekan (Member of Deloitte Touche Tohmatsu Limited)
Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

49,744

27,647

46,165

28,628

23,575

Receivable

432,739

496,887

2,622,869

609,324

567,919

Inventories

386,792

411,462

516,935

578,765

703,115

Current Assets

998,890

971,188

993,057

1,388,438

1,502,544

Fixed Assets

2,245,314

1,833,051

1,661,433

1,481,167

1,456,931

Other Assets

20,903

12,206

54,694

6,048

13,963

Total Assets

3,519,539

3,120,767

2,931,802

3,003,993

3,077,361

-11.33%

-6.06%

2.46%

2.44%

1,240,806

1,340,415

1,577,315

1,646,376

BALANCE SHEET
(Million Rp except Par Value)
Cash & Cash Equivalents

Book End : December

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

Liabilities

3,625
2,900

Growth (%)

2,175
1,450
725
-

Current Liabilities

1,632,548
467,065

338,745

314,463

321,179

411,400

2,099,613

1,579,551

1,654,879

1,898,495

2,057,776

-24.77%

4.77%

14.72%

8.39%

Authorized Capital

2,000,000

2,000,000

2,000,000

2,000,000

2,000,000

Paid up Capital

1,391,604

1,391,604

1,391,604

1,391,604

1,391,604

5,566

5,566

5,566

5,566

5,566

Long Term Liabilities

Total Liabilities

Growth (%)

2008

2009

2010

2011

2012

TOTAL EQUITY (Billion Rupiah)

1,541

Minority Interest

Paid up Capital (Shares)

1,541

1,420
1,277
1,105

1,227

1,020

912

Par Value
Retained Earnings
Total Equity

250

250

250

-682,010

-331,202

-673,368

1,419,926

1,541,216

1,276,923

1,105,498

1,019,585

8.54%

-17.15%

-13.42%

-7.77%

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

3,707,544

4,066,332

3,845,807

4,871,665

5,512,761

9.68%

-5.42%

26.67%

13.16%

3,690,233

3,551,617

3,857,748

4,816,314

5,435,884

Growth (%)
INCOME STATEMENTS
Total Revenues

Growth (%)
Expenses
Gross Profit
Operating Expenses
Operating Profit

250

250

-796,225 -1,008,388

17,311

514,715

-11,941

55,351

76,877

132,938

154,116

134,059

154,981

166,817

-115,627

360,599

-146,000

-99,630

N/A

N/A

31.76%

100.00%

Growth (%)

598

284

-31

2008

2009

2010

2011

2012

TOTAL REVENUES (Billion Rupiah)

5,513
4,872
4,388

3,708

4,066

3,846

3,264

Other Income (Expenses)

-243,840

-59,046

-82,032

Income before Tax

-359,466

301,553

-228,032

-99,630

-89,941

202,842

-49,254

-23,253

6,874

69,363

-562,308

350,807

-204,779

-116,107

-159,304

N/A

N/A

43.30%

-37.20%

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

61.19

78.27

74.09

88.03

91.26

-101.02

63.02

-36.79

-20.86

-28.62

BV (Rp)

255.09

276.88

229.40

198.60

183.17

DAR (X)

0.60

0.51

0.56

0.63

0.67

DER(X)

1.48

1.02

1.30

1.72

2.02

Tax

2,139

1,014

Minority Interest
Net Income

Growth (%)
RATIOS
Current Ratio (%)
Dividend (Rp)
EPS (Rp)

-110

2008

2009

2010

2011

2012

NET INCOME (Billion Rupiah)

351

168

2008

2010

2011

2012

-14

ROA (%)

-10.21

9.66

-7.78

-3.32

-2.92

ROE (%)

-25.32

19.57

-17.86

-9.01

-8.82

GPM (%)

0.47

12.66

-0.31

1.14

1.39

OPM (%)

-3.12

8.87

-3.80

-2.05

NPM (%)

-15.17

8.63

-5.32

-2.38

-2.89

Payout Ratio (%)

Yield (%)

2009
-116

-197

-205
-380

-562

-562

-159