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COMPANY REPORT

INAI
INDAL ALUMINUM INDUSTRY TBK.

Company Profile

PT Indal Aluminium Industry Tbk (the Company) was established within the framework of
the Domestic Capital Investment Law No. 6 year 1968 as amended by Law No. 12 year 1970
th
based on Notarial Deed No. 62 dated July 16 ,1971 of Djoko Supadmo, S.H., notary in
st
Jakarta which was amended by notarial deed No. 2 dated November 1 , 1973 of Eliza
Pondaag, S.H., notary in Jakarta.
The Company's head office is located at Jln. Kembang Jepun No. 38 - 40 Surabaya 60162
and its plants are located in Maspion Unit I Gedangan, Sidoarjo.
In Accordance with articles number 3 of Company's article association, the scope of its
activities is mainly to engage in the manufacture of aluminium sheets, rolling mill, and
plant extrusion. The Company started commercial operations in January 1974. The
Company's product are marketed both domestically and internasionally, including
Australia, Asia and Europe.
The Company has ownership interest in the following subsidiaries; PT Indalex , PT Indal
Investindo, PT Indal Servis Sentra and PT ERP Multisolusi Indonesia.
Now, the Company has become one of the largest fully-integrated aluminium
manufacturers in South East Asia that delivers value in product quality and customer
service. Being an ISO 9001:2000 certified company and having semi-automatic production
facilities, Indals extrusion and fabrication divisions ensure the production processes
adhere to the international quality standards.

August 2010
Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.

Indal Aluminium Industry Tbk.

INAI

COMPANY REPORT : JANUARY 2011

As of 31 January 2011
Individual Index
:
Listed Shares
:
Market Capitalization:

Development Board
Industry Sector : Basic Industry And Chemicals (3)
Industry Sub Sector : Metal And Allied Products (33)
COMPANY HISTORY

SHAREHOLDERS (December 2010)

Established Date

: 16-Jul-1971

1. PT Husin Investama

Listing Date

: 05-Dec-1994

2. PT Satria Investindo

Under Writer IPO :


PT Standard Chartered
Securities Administration Bureau :

27.347
158,400,000
47,520,000,000

46,264,000 : 29.00%
15,836,000 : 9.00%
12,420,000 : 7.00%

3. PT Marindo Investama

9,936,000 : 6.00%
9,936,000 : 6.00%

4. PT Guna Investindo
5. PT Mulindo Investama

PT Sirca Datapro Perdana

6. PT Prakindo Investama

Wisma Sirca

7. Haiyanto

9,936,000 : 6.00%
8,443,500 : 5.00%

Jln. Johar No.18, Menteng, Jakarta 10340


Phone : 314-0032, 390-5920, 390-0645
Fax

DIVIDEND ANNOUNCEMENT

: 390-0671, 390-0652
Year

BOARD OF COMMISSIONERS
1. Angkasa Rachmawati

1994

2. Alim Mulia Sastra Gunadi


3. Budiprajogo Limanto *)

1995

4. Gunardi
5. Supranoto Dipokusumo *)

Bonus
Shares

Cash
Devidend

Cum
Date

Ex
Date

Recording
Date

Payment
Date F/I
18-Aug-95 F

10-Jul-95

11-Jul-95

19-Jul-95

12-Jan-96

15-Jan-96

23-Jan-96

30.00

18-Jul-96

19-Jul-96

29-Jul-96

1996

30.00

28-Jul-97

29-Jul-97

06-Aug-97

02-Sep-97 F

1998

20.00

26-Jul-99

27-Jul-99

04-Aug-99

02-Sep-99 F

1999

35.00

26-Jul-00

27-Jul-00

04-Aug-00

21-Aug-00 F

1996

100.00
5:4

16-Feb-96
27-Aug-96 F

*) Independent Commissioners
ISSUED HISTORY
BOARD OF DIRECTORS
1. Alim Markus

Shares

Listing
Date

Trading
Date

1. First Issue

05-Dec-94

Type of Listing

2. Alim Prakasa
3. Alim Satria
4. Cahyadi Salim

13,200,000

05-Dec-94

2. Company Listing

30,800,000

05-Dec-94

09-Jul-95

3. Stock Split

44,000,000

29-Jan-96

29-Jan-96

5. Welly Mullawan

4. Bonus Shares

70,400,000

26-Feb-96

26-Feb-96

AUDIT COMMITTEE
1. Budiprajogo Limanto
2. Dina Kusumawati
3. Heri Kustiyono Rudiantoro
CORPORATE SECRETARY
Ariawan Wiradinata
HEAD OFFICE
Jln. Kembang Jepun 38 - 40
Surabaya 60162
Phone : (031) 353-0333, 353-1445, 354-1040
Fax

: (031) 353-3055

Homepage : www.indalcorp.com
Email

: info@indalcorp.com

Indal Aluminium Industry Tbk.


Volume
(Mill. Sh)

595

210

510

180

425

150

340

120

255

90

170

60

85

30

Jan 07

Jan 08

Jan 09

Jan 10

Jan 11

CHANGE OF CLOSING PRICE


BASIC INDEX AND JAKARTA COMPOSITE INDEX
JANUARY 2007 - JANUARY 2011
210%

210%

175%

175%

140%

140%

105%

105%

70%

70%

35%

35%

-35%

-70%
Jan 07

Jan 08

SHARES TRADED
Volume (Million Shares)
Value (Billion Rp)
Frequency (X)
Days
Price (Rupiah)
High
Low
Close
Close*
PER (X)
PER Industry (X)
PBV (X)

-35%

Jakarta Composite Index


Basic Index
Closing Price

Jan 09

-70%
Jan 10

Jan 11

2007
133
61
5,755
203

2008
187
59
8,478
181

2009
764
282
59,837
160

2010
626
206
71,859
243

Jan-11
2
1
268
20

630
171
285
285

360
83
120
120

440
83
215
215

425
181
360
360

370
285
300
300

135.01
25.98
0.60

18.87
10.41
0.25

-1.24
6.15
0.61

4.57
11.19
0.78

3.81
10.74
0.65

* Adjusted price after corporate action

TRADING ACTIVITIES
Closing Price
Month
High
Low Close
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-00
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-00
Jan-09
Feb-09
Mar-09
Apr-09
May 09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-00
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-00
Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

Freq.
(X)

Volume
Value
(Thou. Sh) (Million Rp)

Day

CLOSING PRICE* AND TRADING VOLUME


INDAL ALUMINIUM INDUSTRY TBK.
JANUARY 2007 - JANUARY 2011

Closing
Price*

INAI

200
195
210
415
390
300
610
630
485
405
455
340

176
173
171
205
290
240
255
210
280
330
315
270

180
173
200
330
300
300
590
280
380
345
345
285

68
75
141
805
260
19
567
1,970
856
156
731
107

1,117
1,463
3,614
15,687
3,509
102
13,041
58,604
14,800
1,626
17,303
2,074

207
271
715
4,716
1,219
29
5,332.5
33,530
6,368
578
7,161
697

13
13
18
19
15
9
21
22
20
17
22
14

300
265
250
360
310
260
265
255
230
167
131
125

230
225
180
190
250
220
220
210
150
83
97
111

250
230
250
255
260
240
230
225
190
83
131
120

38
30
29
5,698
950
524
661
326
97
82
18
25

1,330
1,483
1,741
154,344
9,722
4,151
6,462
3,562
1,403
1,759
254
300

468
536
531
50,591
2,738
1,000
1,555
842
290
205
27
38

10
15
13
19
20
20
22
20
14
13
9
6

120
130
225
240
370
230
235
395
440
370
290

120
93
130
225
210
192
210
225
260
335
270
215

93
83
115
180
175
186
200
225
245
270
205

5
81
32
141
2,399
209
76
5,727
38,054
12,614
499

95
428
529
10 004
10,004
39,820
1,693
1,360
56,287
495,637
153,423
4,337

11
50
74
1 707
1,707
12,727
345
298
20,046
192,955
53,149
1,068

2
5
6
7
22
20
19
18
22
20
19

245
255
270
335
420
255
255
265
295
405
390
425

205
215
235
245
181
200
235
235
250
250
325
340

220
235
250
270
215
235
240
260
290
400
375
360

714
225
1,451
11,418
45,982
4,916
1,342
428
1,232
1,766
958
1,427

3,677
4,428
18,192
110,569
384,593
31,473
11,239
5,323
9,475
17,615
14,205
14,893

804
1,003
4,643
33,918
134,225
7,562
2,796
1,322
2,636
5,690
5,205
5,809

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

370

285

300

268

1,953

610 20

Indal Aluminium Industry Tbk.

INAI

Financial Data and Ratios


Public Accountant : Paul Hadiwinata, Hidajat, Arsono, Ade Fatma & Rekan (Member of PKF International Ltd)
BALANCE SHEET

Dec-2006

Dec-2007

Dec-2008

Dec-2009

Sep-2010

3,956

5,520

28,060

3,815

4,900

119,270
119 270

108,959
108 959

138
138,522
522

107,853
107 853

56,748
56 748

TOTAL ASSETS AND LIABILITIES

(Million Rp except Par Value)


Cash & Cash Equivalents
R
Receivable
i bl

Book End : December

(Billion Rupiah)
625

Assets

Liabilities

500

Inventories

181,832

131,057

194,742

118,170

158,358

Current Assets

330,309

288,603

419,384

273,189

285,162

62,818

47,214

37,888

31,782

28,417

Fixed Assets
Other Assets

772

42

4,114

4,202

4,873

Total Assets

534,462

482,712

622,405

470,416

491,266

-9.68%

28.94%

-24.42%

4.43%

Growth (%)

375
250
125
-

Current Liabilities

181,538

198,613

348,410

263,876

189,185

Long Term Liabilities

299,194

208,501

197,390

142,759

228,933

Total Liabilities

480,733

407,114

545,800

406,635

418,118

-15.31%

34.07%

-25.50%

2.82%

154,000

154,000

154,000

154,000

154,000

79,200

79,200

79,200

79,200

79,200

Paid up Capital (Shares)

158

158

158

158

158

Par Value

500

500

500

500

500

-29,210

-28,876

-27,868

-40,693

-31,326

53,730

75,598

76,605

63,781

73,147

40.70%

1.33%

-16.74%

14.69%

Dec-2006

Dec-2007

Dec-2008

Dec-2009

Sep-2010

557,583

514,055

642,018

470,650

335,635

-7.81%

24.89%

-26.69%

485,602

431,549

551,068

386,818

Gross Profit

71,980

82,505

90,950

83,832

60,547

Operating Expenses

40,194

43,420

47,049

45,660

36,709

Operating Profit

31,786

39,085

43,901

38,172

23,838

22.96%

12.32%

-13.05%

-39,448

-41,800

-48,834

-11,260

Growth (%)
Minority Interest
Authorized Capital
Paid up Capital

2006

2007

2008

2009

Sep-10

TOTAL EQUITY (Billion Rupiah)


76

77

73

77

64
61

54

46

Retained Earnings
Total Equity
Growth (%)
INCOME STATEMENTS
Total Revenues
Growth (%)
Expenses

Growth (%)

31

15

2006

2007

2008

2009

TOTAL REVENUES (Billion Rupiah)

275,088

642
642

558

514

471

514

336

385

Other Income (Expenses)

-27,594

Income before Tax

4,192

-363

2,101

-10,663

12,578

Tax

1,963

-697

1,094

2,162

3,211

9,366

Minority Interest
Net Income

12,539

334

1,008

-12,824

-97.33%

201.31%

N/A

Dec-2006

Dec-2007

Dec-2008

Dec-2009

Sep-2010

181.95

145.31

120.37

103.53

150.73

79.16

2.11

6.36

-80.96

59.13

BV (Rp)

339.20

477.26

483.62

402.66

461.79

DAR (X)

0.90

0.84

0.88

0.86

0.85

DER(X)

8.95

5.39

7.12

6.38

5.72

ROA (%)

0.78

-0.08

0.34

-2.27

2.56

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

257

128

2006

7.80

-0.48

2.74

-16.72

17.19

GPM (%)

12.91

16.05

14.17

17.81

18.04

OPM (%)

5.70

7.60

6.84

8.11

7.10

NPM (%)

2.25

0.07

0.16

-2.72

2.79

Payout Ratio (%)

Yield (%)
( )

2007

2008

2009

Sep-10

NET INCOME (Billion Rupiah)


13
13

ROE (%)

Sep-10

-3

2006

2007

2008

2009

-8

-13

-13

Sep-10