Hero Supermarket Tbk HERO

Company Report : January 2010 As of 29 January 2010

Main Board Individual Index : 803.616
Industry Sector : Trade, Services & Investment (9) Listed Shares : 329,420,000
Industry Sub Sector : Retail Trade (93) Market Capitalization : 1,317,680,000,000

COMPANY HISTORY SHAREHOLDERS (January 2010)

Established Date : 05-Oct-1971 1. Mulgrave Corporation B.V. 189,757,686 57.60%
Listing Date : 21-Aug-1989 2. Hero Pusakasejati 89,701,266 27.23%
Under Writer IPO : 3. Mulgrave Corporation B.V. 39,946,800 12.13%
PT Danareksa
PT Multinational Finance Corporation DIVIDEND ANNOUNCEMENT
PT Pentasena Arthasentosa Bonus Cash Cum Ex Recording Payment
Securities Administration Bureau : Year Shares Devidend Date Date Date Date F/I
PT EDI Indonesia 1990 120.00 12-Jun-91 13-Jun-91 19-Jun-91 19-Jul-91 F
Wisma SMR 10th Fl. 1992 85.00 02-Jul-93 05-Jul-93 12-Jul-93 09-Aug-93 F
Jl. Yos Sudarso Kav. 89 Jakarta 14350 1994 1:1 20-Dec-93 21-Dec-93 28-Dec-93 26-Jan-94
Phone : 520-4855 1993 50.00 01-Jul-94 04-Jul-94 11-Jul-94 05-Aug-94 F
Fax : 520-4883 1994 50.00 22-Jun-95 23-Jun-95 03-Jul-95 01-Aug-95 F
1996 35.00 08-Jul-97 09-Jul-97 18-Jul-97 12-Aug-97 F
BOARD OF COMMISSIONERS
1. Ipung Kurnia ISSUED HISTORY
2. Ali Darwin *) Listing Trading
3. Budi Setiadharma Type of Listing Shares Date Date
4. Dato John Coyle 1. First Issue 1,765,000 21-Aug-89 21-Aug-89
5. Erry Riyana Hardjapamekas *) 2. Partial Listing 3,000,000 T : 09-Apr-90 : 16-Apr-90
6. Poh Seng Pol 3. Right Issue 17,647,500 18-Jul-90 18-Jul-90
*) Independent Commissioners 4. Right Issue 29,412,500 10-Sep-92 10-Sep-92
5. Bonus Shares 58,825,000 27-Jan-94 27-Jan-94
BOARD OF DIRECTORS 6. Stock Split 110,650,000 15-Apr-96 15-Apr-96
1. John Callaghan 7. Company Listing 14,000,000 27-Jan-97 27-Jan-97
2. Anton Lukmanto 8. Right Issue 94,120,000 05-Sep-01 05-Sep-01
3. Mabel Thela Iskandar
4. Sugiyanto Wibawa
5. Vincent Jean Jegou

AUDIT COMMITTEE
1. Ali Darwin
2. Dorojatun Kuntjoro
3. Yaumi Azhar

CORPORATE SECRETARY
Vivien Goh

HEAD OFFICE:
HERO II Building
Jln. Gatot Subroto No. 177A, Jakarta 12870
Phone : (021) 8378-8388
Fax : (021) 831-1549

Homepage : http://www.hero.co.id
Email : vivien@hero.co.id
Hero Supermarket Tbk HERO
TRADING ACTIVITIES
CLOSING PRICE* AND TRADING VOLUME
HERO SUPERMARKET TBK Closing Price Freq. Volume Value
JANUARY 2006 - JANUARY 2010 Month High Low Close (X) (Thou. Sh) (Million Rp) Day
6,125 0.14 Jan-06 - - 6,050 - - - -
Feb-06 5,950 4,900 5,950 7 13 69 2
Mar-06 6,000 4,800 5,900 14 39 222 4
5,250 0.12
Apr-06 6,000 5,800 5,800 12 112 662 2
May-06 5,900 5,800 5,900 4 30 176 3
4,375 0.10 Jun-06 6,000 5,900 6,000 3 23 134 2
Closing Price*

Jul-06 6,000 6,000 6,000 2 2 9 2

Aug-06 - - 6,000 - - - -

Volume (Million Shares)

3,500 0.08
Sep-06 - - 6,000 - - - -
Oct-06 6,000 6,000 6,000 3 56 336 2
2,625 0.06 Nov-06 - - 6,000 - - - -
Dec-06 - - 6,000 - - - -
Jan-00 - - - - - - -
1,750 0.04
Jan-07 6,000 6,000 6,000 1 20 120 1
Feb-07 - - 6,000 - - - -
875 0.02 Mar-07 5,200 5,200 5,200 2 1 6 2
Apr-07 4,200 4,200 4,200 1 2 6 1
May-07 - - 4,200 - - - -
- - Jun-07 4,250 3,400 4,250 3 11 36 2
Jan-06 Jan-07 Jan-08 Jan-09 Jan-10
Jul-07 - - 4,250 1 650 2,210 1
Aug-07 4,250 4,250 4,250 3 4,501 15,302 3
Sep-07 5,250 5,250 5,250 1 1 5 1
CHANGE OF CLOSING PRICE, Oct-07 - - 5,250 - - - -
TRADE INDEX AND JAKARTA COMPOSITE INDEX
Nov-07 4,800 3,800 4,800 11 2,740 9,524 7
JANUARY 2006 - JANUARY 2010
Dec-07 4,500 4,500 4,500 2 2 7 1
200% 200%
Jan-00 - - - - - - -
Jakarta Composite Index Jan-08 4,550 4,550 4,550 2 24,070 26,555 2
Trade Index
Feb-08 4,550 4,550 4,550 1 1 2 1
150% Closing Price 150%
Mar-08 4,550 4,500 4,550 2 28 127 1
Apr-08 - - 4,550 2 82,971 387,226 1
May-08 4,000 4,000 4,000 4 3 10 4
100% 100%
Jun-08 4,000 4,000 4,000 2 3 12 2
Jul-08 - - 4,000 - - - -
Aug-08 - - 4,000 - - - -
50% 50%
Sep-08 - - 4,000 1 0.1 0.4 1
Oct-08 - - 4,000 - - - -
0 0
Nov-08 - - 4,000 - - - -
Dec-08 - - 4,000 - - - -
Jan-00 - - - - - - -
-50% -50% Jan-09 - - 4,000 - - - -
Feb-09 - - 4,000 - - - -
Mar-09 - - 4,000 - - - -
-100% -100% Apr-09 - - 4,000 - - - -
Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 May-09 - - 4,000 - - - -
Jun-09 - - 4,000 - - - -
Jul-09 - - 4,000 - - - -
SHARES TRADED 2006 2007 2008 2009 Jan-10 Aug-09 - - 4,000 - - - -
Volume (Million Sh) 0.3 8 107 0.001 - Sep-09 - - 4,000 - - - -
Value (Billion Rp) 2 27 414 0.002 - Oct-09 4,000 4,000 4,000 1 1 2 1
Frequency (X) 45 25 14 1 - Nov-09 - - 4,000 - - - -
Days 17 19 12 1 - Dec-09 - - 4,000 - - - -
Jan-00 - - - - - - -
Price (Rupiah) Jan-10 - - 4,000 - - - -
High 6,000 6,000 4,550 4,000 - Feb-10 - - - - - - -
Low 4,800 3,400 4,000 4,000 - Mar-10 - - - - - - -
Close 6,000 4,500 4,000 4,000 4,000 Apr-10 - - - - - - -
Close * 6,000 4,500 4,000 4,000 4,000 May-10 - - - - - - -
Jun-10 - - - - - - -
PER (X) 30.80 21.48 13.63 7.67 7.67 Jul-10 - - - - - - -
PER Industry (X) 18.25 12.81 8.30 17.58 17.02 Aug-10 - - - - - - -
PBV (X) 3.43 2.30 1.75 1.42 1.42 Sep-10 - - - - - - -
*) Adjusted price after corporate action Oct-10 - - - - - - -
Nov-10 - - - - - - -
Dec-10 - - - - - - -
Hero Supermarket Tbk HERO
Financial Data and Ratios
Public Accountant : Haryanto Sahari & Co. - PricewaterhouseCoopers Book End : December

BALANCE SHEET Dec-2005 Dec-2006 Dec-2007 Dec-2008 Dec-2009

TOTAL ASSETS AND LIABILITIES
(Million Rp except Par Value) (in Billion Rupiah)
Cash & Cash Equivalents 81,666 98,847 148,823 148,636 52,743 2,875
Receivable 88,961 110,894 108,845 100,322 122,740 Assets Liabilities
2,300
Inventories 401,521 427,941 494,919 626,283 836,502
Current Assets 642,643 729,673 855,659 1,000,063 1,177,681 1,725

Fixed Assets 515,473 553,162 561,000 124,822 1,291,480

1,150
Other Assets 35,364 34,061 33,450 37,949 37,538
Total Assets 1,506,693 1,615,240 1,753,298 2,127,692 2,830,288
575
Growth (%) 7.20% 8.55% 21.35% 33.02%

0
Current Liabilities 759,868 745,198 918,600 1,163,587 1,649,114 2005 2006 2007 2008 2009
Long Term Liabilities 235,573 294,627 190,284 209,222 254,483
Total Liabilities 995,441 1,039,825 1,108,884 1,372,809 1,903,597
Growth (%) 4.46% 6.64% 23.80% 38.66% TOTAL EQUITY (in Billion Rupiah)

927
Minority Interest - - - - - 927

Authorized Capital 450,000 450,000 450,000 450,000 450,000 755

Paid up Capital 164,710 164,710 164,710 164,710 164,710 741
644
Paid up Capital (Shares) 329 329 329 329 329 575
556
511
Par Value 500 500 500 500 500
Retained Earnings 275,317 339,480 408,479 518,948 690,756 371

Total Equity 511,252 575,415 644,414 754,883 926,691

Growth (%) 12.55% 11.99% 17.14% 22.76% 185

INCOME STATEMENTS (Million Rp)

2005 2006 2007 2008 2009
Total Revenues 4,260,086 4,808,530 5,147,229 5,863,988 6,653,396
Growth (%) 12.87% 7.04% 13.93% 13.46%
TOTAL REVENUES (in Billion Rupiah)
Expenses 3,414,487 3,787,679 4,035,116 4,497,313 5,041,558
Gross Profit 845,599 1,020,851 1,112,113 1,366,675 1,611,838 6,653
6,653

Operating Expenses 808,465 940,847 1,032,698 1,185,998 1,356,882 5,864

Operating Profit 37,134 80,004 79,415 180,677 254,956 5,147

5,323
4,809
Growth (%) 115.45% -0.74% 127.51% 41.11% 4,260
3,992

Other Income (Expenses) 26,847 10,531 17,657 -29,750 -21,503

2,661
Income before Tax 63,981 90,535 97,072 150,927 233,453
Tax 8,780 26,372 28,073 54,222 61,645
1,331

Minority Interest - - - - -
Net Income 55,201 64,163 68,999 96,705 171,808 0

Growth (%) 16.24% 7.54% 40.15% 77.66% 2005 2006 2007 2008 2009

RATIOS
Current Ratio (%) 84.57 97.92 93.15 85.95 71.41 TOTAL INCOME (in Billion Rupiah)
Dividend (Rp) - - - - -
172
EPS (Rp) 167.57 194.78 209.46 293.56 521.55 172

BV (Rp) 1,551.98 1,746.75 1,956.21 2,291.55 2,813.10

DAR (X) 0.66 0.64 0.63 0.65 0.67 137

DER(X) 1.95 1.81 1.72 1.82 2.05 97

103

ROA (%) 4.25 5.61 5.54 7.09 8.25

64 69
ROE (%) 12.51 15.73 15.06 19.99 25.19 69
55
GPM (%) 19.85 21.23 21.61 23.31 24.23
OPM (%) 0.87 1.66 1.54 3.08 3.83 34

NPM (%) 1.30 1.33 1.34 1.65 2.58

0
Payout Ratio (%) - - - - -
2005 2006 2007 2008 2009
Yield (%) - - - - -

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