ACES Ace 

Hardware Indonesia Tbk. [S]
COMPANY REPORT : JULY 2012 As of 31 July 2012
Main Board Individual Index : 719.512
Industry Sector : Trade, Services & Investment (9) Listed Shares : 1,715,000,000
Industry Sub Sector : Retail Trade (93) Market Capitalization : 10,118,500,000,000

COMPANY HISTORY SHAREHOLDERS (July 2012)

Established Date : 03-Feb-1995 1. PT Kawan Lama Sejahtera 1,028,490,000 : 59.97%
Listing Date : 06-Nov-2007 2. Public ( <5% ) 686,510,000 : 40.03%
Under Writer IPO :
PT CLSA Indonesia DIVIDEND ANNOUNCEMENT
PT Dinamika Usaha Jaya Bonus Cash Recording Payment
F/I
Securities Administration Bureau : Year Shares Dividend Cum Date Ex Date Date Date
PT Adimitra Transferindo 2007 3.49 16-Apr-08 17-Apr-08 21-Apr-08 06-May-08 I
Plaza Property 2nd Fl. Komp. Pertokoan Pulomas Blok VIII No. 1 2008 7.60 06-May-09 07-May-09 11-May-09 26-May-09 F
Jln. Perintis Kemerdekaan Jakarta 13210 2009 9.20 27-May-10 31-May-10 02-Jun-10 16-Jun-10 F
Phone : 4788-1515 (Hunting) 2010 51.85 03-Jun-11 06-Jun-11 08-Jun-11 22-Jun-11 F
Fax : 470-9697 2011 25.00 08-Jun-12 11-Jun-12 13-Jun-12 27-Jun-12 F

BOARD OF COMMISSIONERS ISSUED HISTORY

1. Kuncoro Wibowo Listing Trading
2. Ijek Widya Krisnadi No. Type of Listing Shares Date Date
3. Letjen.TNI. Purn. Tarub *) 1. First Issue 515,000,000 06-Nov-07 06-Nov-07
4. Teddy Hartono Setiawan *) 2. Company Listing 1,200,000,000 06-Nov-07 04-May-08
*) Independent Commissioners

BOARD OF DIRECTORS
1. Prabowo Widyakrisnadi
2. Hartanto Djasman
3. Rudy Hartono
4. Tarisa Widya Krisnadi

AUDIT COMMITTEE
1. Teddy Hartono Setiawan
2. Iskandar Baha
3. Ngaku Putu Adhiriana

CORPORATE SECRETARY
Helen R. Tanzil

HEAD OFFICE
Kawan Lama Building 5th Fl.
Jln. Puri Kencana No. 1, Meruya Kembangan, Jakarta 11610
Phone : (021) 582-2222
Fax : (021) 582-4022, 582-1520

Homepage : www.acehardware.co.id
Email : helen_tanzil@acehardware.co.id;
ask_ace@acehardware.co.id
 ACES Ace Hardware Indonesia Tbk. [S]
Closing Price* and Trading Volume
TRADING ACTIVITIES
Ace Hardware Indonesia Tbk. [S] Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2008 - July 2012 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
6,400 160 Jan-08 870 750 840 341 49,057 40,713 20
Feb-08 1,020 840 1,000 757 92,087 88,142 19
5,600 140 Mar-08 1,010 960 1,010 671 67,185 66,698 18
Apr-08 1,030 920 950 631 53,575 51,925 22
May-08 980 940 940 157 29,274 27,961 19
4,800 120
Jun-08 960 870 870 124 222,341 199,355 17
Jul-08 930 870 910 147 39,285 35,339 21
4,000 100
Aug-08 960 910 940 143 14,106 12,954 13
Sep-08 950 880 900 69 30,864 27,976 10
3,200 80 Oct-08 880 660 750 82 20,548 16,689 11
Nov-08 810 660 800 127 44,646 33,235 19
2,400 60 Dec-08 820 750 750 27 15,907 12,576 8

1,600 40 Jan-09 810 610 630 86 40,658 29,279 14

Feb-09 650 610 650 15 4,365 2,775 6
800 20 Mar-09 800 650 690 15 2,097 1,403 7
Apr-09 800 680 800 48 4,325 3,000 18
May-09 930 800 920 84 13,994 12,240 16
Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jun-09 950 900 920 125 130,683 122,136 17
Jul-09 1,090 920 1,090 114 41,619 40,316 19
Aug-09 1,110 1,030 1,110 143 8,475 8,811 16
Sep-09 1,230 1,090 1,230 138 17,661 20,461 17
Change of Closing Price, Oct-09 1,510 1,220 1,510 249 42,821 56,768 20
Trade Index and Jakarta Composite Index Nov-09 1,600 1,480 1,550 233 2,601 3,982 20
January 2008 - July 2012 Dec-09 1,550 1,480 1,510 115 2,119 3,229 18
665%

602.4% Jan-10 1,530 1,400 1,450 144 1,509 2,221 19

Jakarta Composite Index
570% Feb-10 1,470 1,320 1,360 122 5,031 6,826 12
Trade Index
Closing Price Mar-10 1,670 1,360 1,640 286 17,451 25,872 20
475% Apr-10 1,720 1,610 1,710 101 15,962 25,857 17
May-10 1,730 1,700 1,730 179 16,781 28,964 14
380% Jun-10 1,810 1,730 1,800 57 6,436 11,240 16
Jul-10 1,870 1,810 1,840 76 17,404 31,564 18
Aug-10 1,870 1,780 1,780 160 4,622 8,405 17
285%
Sep-10 2,225 1,760 2,025 695 12,591 25,648 16
Oct-10 2,700 2,025 2,700 1,072 8,743 19,300 21
190%
Nov-10 2,825 2,200 2,675 737 8,660 22,580 21
Dec-10 2,950 2,400 2,950 319 7,314 19,161 20
95% 75.2%
51.7% Jan-11 2,950 2,425 2,650 137 6,258 16,397 18
- Feb-11 2,600 2,250 2,500 238 5,988 14,841 16
Mar-11 2,650 2,400 2,550 180 5,169 13,345 23
-95% Apr-11 2,700 2,400 2,650 1,341 31,938 83,313 20
Jan 08 Jan 09 Jan 10 Jan 11 Jan 12 May-11 2,700 2,600 2,700 176 11,835 31,637 21
Jun-11 3,200 2,600 3,025 575 16,298 48,534 20
Jul-11 3,575 2,850 3,450 118 33,523 102,238 21
SHARES TRADED 2008 2009 2010 2011 Jul-12 Aug-11 3,500 3,000 3,300 209 7,917 25,540 17
Volume (Million Sh.) 679 311 123 267 244 Sep-11 3,350 3,025 3,300 204 54,383 178,871 19
Value (Billion Rp) 614 304 228 849 1,199 Oct-11 3,525 3,050 3,375 809 37,519 126,446 20
Frequency (Thou. X) 3 1 4 5 14 Nov-11 3,900 3,150 3,800 509 41,307 149,661 21
Days 197 188 211 236 145 Dec-11 4,400 3,600 4,100 918 14,813 57,833 20

Price (Rupiah) Jan-12 4,250 3,800 4,150 436 5,546 22,460 20

High 1,030 1,600 2,950 4,400 6,250 Feb-12 4,800 4,100 4,325 1,118 30,112 130,298 20
Low 660 610 1,320 2,250 3,800 Mar-12 4,650 4,025 4,450 1,290 23,254 104,761 21
Close 750 1,510 2,950 4,100 5,900 Apr-12 5,200 4,300 5,150 1,746 53,843 245,743 20
Close* 750 1,510 2,950 4,100 5,900 May-12 6,100 4,900 5,500 2,752 47,009 246,898 21
Jun-12 5,500 4,875 5,050 3,253 33,023 166,671 21
PER (X) 9.85 16.77 28.45 25.16 29.40 Jul-12 6,250 5,050 5,900 3,242 50,818 282,666 22
PER Industry (X) 8.30 17.60 21.27 22.34 18.88
PBV (X) 1.90 2.98 4.91 5.71 7.68
* Adjusted price after corporate action
 ACES Ace Hardware Indonesia Tbk. [S]
Financial Data and Ratios Book End : December
Public Accountant : RSM Aryanto, Amir Jusuf, Mawar & Saptoto (Member of RSM International)

BALANCE SHEET Dec-08 Dec-09 Dec-10 Dec-11 Mar-12 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Cash & Cash Equivalents 98,688 395,772 366,378 210,454 341,374 1,750

Receivable 21,142 13,966 377,073 52,394 48,157

1,400

Inventories 197,984 95,569 135,198 290,356 295,197

1,050
Current Assets 619,284 775,772 862,190 846,867 992,563
Fixed Assets 82,784 105,122 226,465 361,381 406,708
700
Other Assets 21,856 22,872 38,281 59,081 49,509
Total Assets 790,277 970,556 1,191,333 1,451,755 1,629,451 350
Growth (%) 22.81% 22.75% 21.86% 12.24%
-
Current Liabilities 91,853 73,186 110,310 166,524 229,103 2008 2009 2010 2011 Mar-12

Long Term Liabilities 20,966 29,601 36,437 53,358 82,420

Total Liabilities 112,819 102,787 146,747 219,882 311,523
Growth (%) -8.89% 42.77% 49.84% 41.68% TOTAL EQUITY (Billion Rupiah)

1,318
Minority Interest - 1 14,449 - - 1,318 1,232

Authorized Capital 480,000 480,000 480,000 480,000 480,000 1,030

171,500 171,500 171,500 171,500 171,500
1,049

Paid up Capital 868

Paid up Capital (Shares) 1,715 1,715 1,715 1,715 1,715
780
677
Par Value 100 100 100 100 100
Retained Earnings 186,135 328,146 490,275 666,785 754,931 511

Total Equity 677,458 867,768 1,030,138 1,231,874 1,317,928

Growth (%) 28.09% 18.71% 19.58% 6.99% 242

Dec-08 Dec-09 Dec-10 Dec-11 Mar-12

-26

INCOME STATEMENTS
2008 2009 2010 2011 Mar-12
Total Revenues 1,279,834 1,358,775 1,641,122 2,426,438 720,790
Growth (%) 6.17% 20.78% 47.85%

TOTAL REVENUES (Billion Rupiah)

Expenses 777,113 806,337 932,519 1,290,264 372,419
Gross Profit 502,721 552,437 708,603 1,136,175 348,371 2,426
2,426

Operating Expenses 338,244 374,236 490,710 765,309 235,497

Operating Profit 164,477 178,201 217,893 370,866 112,875 1,931

1,641
Growth (%) 8.34% 22.27% 70.21%
1,359
1,436 1,280

Other Income (Expenses) 18,980 28,129 11,275 - 3,018

Income before Tax 183,458 206,330 229,167 370,866 115,893 941

721

Tax 52,815 51,888 54,628 91,361 29,838

446

Minority Interest - 0 3,312 - -

Net Income 130,643 154,443 177,851 279,505 86,055 -49

Growth (%) 18.22% 15.16% 57.16% 2008 2009 2010 2011 Mar-12

RATIOS Dec-08 Dec-09 Dec-10 Dec-11 Mar-12

Current Ratio (%) 674.21 1,060.00 781.61 508.56 433.24 NET INCOME (Billion Rupiah)
Dividend (Rp) 7.60 9.20 51.85 25.00 -
280
EPS (Rp) 76.18 90.05 103.70 162.98 50.18 280

BV (Rp) 395.02 505.99 600.66 718.29 768.47

DAR (X) 0.14 0.11 0.12 0.15 0.19 222

178
DER(X) 0.17 0.12 0.14 0.18 0.24 154
165

ROA (%) 23.21 21.26 19.24 25.55 7.11 131

ROE (%) 27.08 23.78 22.25 30.11 8.79 108

86
GPM (%) 39.28 40.66 43.18 46.82 48.33
OPM (%) 12.85 13.11 13.28 15.28 15.66 51

NPM (%) 10.21 11.37 10.84 11.52 11.94

9.98 10.22 50.00 15.34 -
-6

Payout Ratio (%)

2008 2009 2010 2011 Mar-12
Yield (%) 1.01 0.61 1.76 0.61 -