PTBentoelInternationalInvestamaTbk.

(FormerlyPTTransindoMultiPrimaTbk)

Business

Cigarettes

CompanyStatus

PMDN

Underwriters

PTIFI,PTASEAM

Shareholders
2000
HSBCInternationalTrusteeLtdA/C
IndonesianRecoveryFundLtd.
MorganStanleyInternationalNomineesLtd.
GoldmanSachsInternational
Public

2005
PTRajawaliCorporation
Public

2001
ABNAmroSingaporeNomineesPte.,Ltd.
41.77% PTBhaktiInvestamaTbk
11.74% Public
6.37%
40.12%

2006
17.38% PTRajawaliCorporation
82.62% Public

2002
10.70% PTDanareksaSekuritas
9.30% PTLemonSilk
80.00% Public

2007
20.05% PTRajawaliCorporation
79.95% EagleHighConsumerProductsPte.,Ltd.
Public

2003
7.39% PTDanareksaSekuritas
6.97% PTRajawaliCorporation
85.64% PTJamsostek(Persero)
Public

2008
40.77% PTRajawaliCorpora
10.10% EagleHighConsumerProductsPte.,Ltd.
49.13% CitibankN.A.
Public

2004
24.61%
11.73%
6.33%
57.33%

PTDanareksaSekuritas
PTSemestaIndovest
PTRajawaliCorporation
Public

24.61%
12.83%
11.73%
50.83%

2009
41.73% BritishAmericanTobacco(PCA2009Ltd.)
14.48% Public
9.66%
34.13%

85.13%
14.87%

Management & Number of Employees

Board of Commissioners

Board of Directors

Number of Employees

2000

President Commissioner
Commissioners

Annisa Sumiati Himawan

Hartono Tanoesoedibjo
Robert Leman

President Director
Directors

Bambang Rudijanto Tanoesoedibjo

Robert Appleby
Jusuf Rachmadi

11

2001

President Commissioner
Commissioners

Maurad Sofyan Arifin

Harianto Mangkusasono
Frans Setiawan Widjaja

President Director
Vice President Director
Directors

Yaya Winarno Junardy

Darjoto Setyawan
Henryanto Komala
Sun Alexander Yapeter
Theodorus Sunarlin

11

2002

President Commissioner
Commissioners

Maurad Sofyan Arifin

Harianto Mangkusasono
Frans Setiawan Widjaja

President Director
Vice President Director
Directors

Yaya Winarno Junardy

Darjoto Setyawan
Henryanto Komala
Sun Alexander Yapeter
Nicolaas Bernadus Tirtadinata

10,288

2003

President Commissioner
Commissioners

Yaya Winarno Junardy

Harianto Mangkusasono
Frans Setiawan Widjaja

President Director
Directors

Darjoto Setyawan
Henryanto Komala
Sun Alexander Yapeter
Nicolaas Bernadus Tirtadinata
Albertus Setiawan Tjahdjadi
Hirawan Djajakirana

10,288

2004

President Commissioner
Commissioners

Yaya Winarno Junardy

Harianto Mangkusasono
Frans Setiawan Widjaja

President Director
Directors

Darjoto Setyawan
Henryanto Komala
Nicolaas Bernadus Tirtadinata
Albertus Setiawan Tjahdjadi
Hirawan Djajakirana
Yohanes Teja

10,288

2005

President Commissioner
Commissioners

Yaya Winarno Junardy

Harianto Mangkusasono
Frans Setiawan Widjaja

President Director
Directors

Darjoto Setyawan
Henryanto Komala
Sun Alexander Yapeter
Nicolaas Bernadus Tirtadinata
Yohanes Teja
Hirawan Djajakirana
Ginawati Wibowo

16

2006

President Commissioner
Commissioners

Darjoto Setyawan
Harianto Mangkusasono
Frans Setiawan Widjaja

President Director
Directors

Nicolaas Bernadus Tirtadinata

Sun Alexander Yapeter
Ginawati Wibowo

6,482

2007

President Commissioner
Commissioners

Darjoto Setyawan
Harianto Mangkusasono
Frans Setiawan Widjaja

President Director
Directors

Nicolaas Bernadus Tirtadinata

Sun Alexander Yapeter
Ginawati Wibowo

6,551

2008

President Commissioner
Commissioners

Darjoto Setyawan
Harianto Mangkusasono
Frans Setiawan Widjaja

President Director
Directors

Nicolaas Bernadus Tirtadinata

Sun Alexander Yapeter
Ginawati Wibowo
Chrisdianto Tedjawidjaja
Heru Kuntjoro

6,273

2009

President Commissioner
Commissioners

Darjoto Setyawan
Harianto Mangkusasono
Frans Setiawan Widjaja

President Director
Directors

Nicolaas Bernadus Tirtadinata

Sun Alexander Yapeter
Ginawati Wibowo
Chrisdianto Tedja Widjaja
Heru Kuntjoro

5,820

(million rupiah)
2001

1998

1999

2000

Total Assets
Current Assets
of which
Cash on hand and in banks
Cash and cash equivalents
Short-term investments
Trade receivables
Inventories
Non-current Assets
of which
Fixed Asset Net
Deffered Tax Assets-Net
Investment
Other Assets

7,089
433

1,080,106
644,885

1,677,351
1,215,378

175

20,095

5
1

271

6,385

9,497

13,251

Liabilities
Current Liabilities
of which
Bank borrowings
Trade payables
Taxes payable
Accrued expenses
Current maturities of
long-term debt
Long-term Liabilities
Non-current Liabilities
Minority Interests in Subsidiaries

3,380
380

987,991
464,198

1,113,973
557,097

144,304
107,321

91,253
151,113

114,610
200,675

3,000

379,469

359,768

325,146

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Revaluation of fixed assets
Retained earnings
Net Sales
Cost of Good Sold
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit before Taxes
Profit after Taxes

2002

2003

2004

2005

2,001,056
1,545,412

2,072,801
1,558,401

2,015,102
1,487,989

1,956,823
1,450,167

1,842,317
1,367,677

276,433

442,743

481,859

537,749

392,153

58,461
512,197

96,117
816,899

170,140
883,598

195,677
810,670
514,400

174,782
683,261
527,113

111,620
717,338
506,657

68,005
596,794
474,640

425,724

448,722

436,739

18,906

429,364
46,468
487
2,328

430,486
60,765
836
2,237

390,028
60,227
619
2,711

360,124
77,127
619
1,953

1,260,694
678,690

976,813
780,703

1,014,340
818,174

904,084
720,392

728,245
618,162

123,669
123,669

336,228
145,096

204,901
181,907

52,606
206,613

466,080

155,524

197,109

256,858

92,115
6,650

563,378
89,775

740,363
269,325

1,095,089
336,656

1,000,762
336,656

1,052,739
336,656

1,114,072
336,656

265,120

85,570

245,031

245,031

245,031

245,031

81
80
1
557
(556)
460
(96)
317

85,459
1,548,462
1,179,436
369,026
181,388
187,638
(26,480)
161,158
116,747

24
279
1,200

878
693
0.25 1,600

Financial Ratios
PER (x)
PBV (x)
Dividend Payout (%)
Dividend Yield (%)

50
4
-

1.82
2.31
0.03 0.02 -

1
2
3
4

Growth (%)
Indicators
Total Asset
Share Holder's Equity
Net Sales/Income
Net Provit

1.14
0.91
0.48
0
n.a.
3.90
135.59
0.01
4.47
8.55

1998

1.39
10.73
0.91
0.24
0.12
0.08
2.30
1.43
10.81
126.74

1999
15,136.37
2,383.55
1,911,581.48
36,728.71

208,483

385,468

513,401

2,198,931
1,820,543
378,388
241,008
137,380
56,893
194,273
132,408

3,872,953
3,334,881
538,072
279,506
258,566
15,612
274,178
176,985

4,770,686
4,276,775
493,911
427,151
66,760
43,210
109,970
100,780

74
314

33
137

419,075
4,264,617
3,907,086
357,531
407,275
(49,743)
13,990
(35,754)
(23,682)

183,692
n.a

566

144,324

(2,947)

196,166
n.a

6,830

3,709
6,650

Per Share Data (Rp)

Earnings per Share
Equity per Share
Dividend per Share
Closing Price

Current Ratio (x)

Debt to Equity (x)
Leverage Ratio (x)
Gross Profit Margin (x)
Operating Profit Margin (x)
Net Profit Margin (x)
Inventory Turnover (x)
Total Assets Turnover (x)
ROI (%)
ROE (%)

7,645

196,110
900

471,052
4,226,135
3,775,869
450,266
412,029
38,238
52,008
90,246
80,938

110,083
n.a

532,385
2,176,178
1,749,448
426,730
439,469
(12,739)
118,140
105,402
108,166

15
163
n.a
125

(4)
149
n.a
90

12
156
n.a
110

16
165
n.a
135

4.26
1.02

8.35
0.77
n.a
n.a

(25.59)
0.61
n.a
n.a

9.15
0.70
n.a
n.a

8.40
0.82
n.a
n.a

2.18
1.98
0.66
0.17
0.06
0.06
2.23
1.31
7.89
23.50

2.28
1.70
0.63
0.14
0.07
0.05
3.77
1.94
8.84
23.91

2.00
0.89
0.47
0.10
0.01
0.02
5.28
2.30
4.86
9.20

1.82
1.01
0.50
0.08
n.a
n.a
5.72
2.12
(1.18)
(2.37)

2.01
0.86
0.46
0.11
0.01
0.02
5.26
2.16
4.14
7.69

2.21
0.65
0.40
0.20
n.a
0.05
2.93
1.18
5.87
9.71

2000
55.30
511.60
42.01
13.41

2001
19.30
31.41
76.13
33.67

2002
3.59
47.91
23.18
(43.06)

500

140

6.78
1.59
-

2003
(2.78)
(8.61)
(10.61)
(123.50)

2004
(2.89)
5.19
(0.90)
(441.77)

2005
(5.85)
5.83
(48.51)
33.64

Summary of Financial Statement

PT. Bentoel International Investama Tbk. (RMBA)

2006

(millionrupiah)
2007

2008

TotalAssets
CurrentAssets
ofwhich
Cashandcashequivalents
Tradereceivables
Inventories
NonCurrentAssets
ofwhich
FixedAssetsNet
DefferedTaxAssets
Investment
OtherAssets

2,347,942
1,693,183

3,859,160
2,976,925

4,455,532
3,053,065

273,691
96,371
842,688
654,759

593,403
138,587
2,106,726
882,235

76,694
136,669
2,644,169
1,402,467

560,160
58,864
715
1,897

615,954
57,153
715
3,036

1,033,092
102,828
715
8,313

Liabilities
CurrentLiabilities
ofwhich
Tradepayables
Taxespayable
Currentmaturities
oflongtermdebt
NonCurrentLiabilities
Minorityinterestsinsubsidiaries

1,156,914
1,053,455

2,317,641
842,737

2,725,331
1,231,919

79,861
359,947

116,090
531,134

220,127
563,497

52
103,459
n.a

1,730
1,474,904
n.a

2,714
1,493,413
n.a

Shareholders'Equity
Paidupcapital
Paidupcapital
inexcessofparvalue
Retainedearnings

1,191,027
336,656

1,541,519
336,656

1,730,201
336,656

245,031
609,340

350,814
854,050

350,814
1,042,731

NetSales
CostofGoodsSold
GrossProfit
OperatingExpenses
OperatingProfit
OtherIncome(Expenses)
ProfitbeforeTaxes
ProfitafterTaxes

2,996,514
2,295,512
701,002
534,499
166,503
13,035
179,538
145,510

4,586,007
3,581,029
1,004,978
661,659
343,319
(62,235)
281,084
242,917

5,940,801
4,824,168
1,116,633
706,493
410,140
(165,963)
244,177
239,138

PerShareData(Rp)
Earnings(Loss)perShare
EquityperShare
DividendperShare
ClosingPrice

22
177
8
310

36
229
8
560

36
257
n.a
520

FinancialRatios
PER(x)
PBV(x)
DividendPayout(%)
DividendYield(%)

14.34
1.75
34.70
2.42

15.52
2.45
20.79
1.34

14.64
2.02
n.a
n.a

CurrentRatio(x)
DebttoEquity(x)
LeverageRatio(x)
GrossProfitMargin(x)
OperatingProfitMargin(x)
NetProfitMargin(x)
InventoryTurnover(x)
TotalAssetsTurnover(x)
ROI(%)
ROE(%)

1.61
0.97
0.49
0.23
0.06
0.05
2.72
1.28
6.20
12.22

3.53
1.50
0.60
0.22
0.07
0.05
1.70
1.19
6.29
15.76

2.48
1.58
0.61
0.19
0.07
0.04
1.82
1.33
5.37
13.82

PER=73.37x;PBV=3.23x(June2009)
FinancialYear:December31
PublicAccountant:OsmanBingSatrio&Co.