KLBF Kalbe Farma Tbk.

[S]
COMPANY REPORT : FEBRUARY 2013
Main Board
Industry Sector : Consumer Goods Industry (5)
Industry Sub Sector : Pharmaceuticals (53)

As of 28 February 2013
:
12,581.683
Individual Index
50,780,072,110
:
Listed Shares
Market Capitalization : 65,506,293,021,900

16 | 55.4T | 1.30% | 53.53%

20 | 14.8T | 1.33% | 53.34%

COMPANY HISTORY
Established Date : 10-Sep-1966
Listing Date
: 30-Jul-1991
Under Writer IPO :
PT Merincorp
PT Niaga Securities
Securities Administration Bureau :
PT Adimitra Transferindo
Plaza Property 2nd Fl. Komp. Pertokoan Pulomas Blok VIII No. 1

SHAREHOLDERS (February 2013)

1. PT Gira Sole Prima
2. PT Santa Seha Sanadi
3. PT Diptanala Bahana
4. Lucasta Murni Cemerlang
5. PT Ladang Ira Panen
6. PT Bina Arta Charisma
7. PT Kalbe Farma Tbk
8. Public (<5%)

4,767,872,885
4,509,646,840
4,447,970,440
4,439,895,440
4,322,952,940
4,060,816,540
3,904,950,000
20,325,967,025

:
:
:
:
:
:
:
:

9.39%
8.88%
8.76%
8.74%
8.51%
8.00%
7.69%
40.03%

Jln. Perintis Kemerdekaan Jakarta 13210

Phone : 478-81515 (Hunting)
Fax
: 470-9697
BOARD OF COMMISSIONERS
1. Johannes Setijono
2. Farid A. Moeloek *)
3. Ferdinand Aryanto
4. Jozef Darmawan Angkasa
5. Santoso Oen
6. Wahjudi Prakarsa *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Bernadette Ruth Irawaty Setiady
2. Budi Dharma Wreksoatmodjo
3. Herman Widjaja
4. Ongkie Tedjasurja
5. Vidjongtius
AUDIT COMMITTEE
1. Farid A. Moeloek
2. Dianawati Sugiarto
3. Ichsan Gunawan
CORPORATE SECRETARY
Vidjongtius
HEAD OFFICE
Gedung Kalbe Lt. 3
Jln. Let. Jend. Suprapto Kav. 4, Cempaka Putih
Jakarta - 10510
Phone : (021) 428-73688, 894-243908
Fax
: (021) 428-73678
Homepage
Email

: www.kalbe.co.id
: Vidjongtius@kalbe.co.id

DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year Shares Dividend Cum Date
1991
200.00 16-Apr-92
1992
1: 1
20-Oct-92
1992
60.00 09-Dec-92
1992
70.00 30-Jun-93
75.00 07-Jun-94
1994 10 : 3 & 10 : 7
1994
50.00 29-Aug-94
1994
85.00
10-Jul-95
1995
115.00
09-Jul-96
1996
75.00
23-Jul-97
1999
2.00 10-Nov-00
1999 100 : 88
10-Nov-00
2002
2.00 25-Aug-03
2003
1.00 16-Aug-04
2005
3.00
05-Jul-05
2006
10.00 14-Jun-07
2007
10.00
31-Jul-08
2008
12.50
29-Jul-09
2009
25.00
15-Jul-10
2010
70.00 27-Jun-11
2011
95.00 28-Jun-12

Recording
Date
27-Apr-92
28-Oct-92
17-Dec-92
08-Jul-93
15-Jun-94
06-Sep-94
19-Jul-95
18-Jul-96
01-Aug-97
20-Nov-00
20-Nov-00
28-Aug-03
20-Aug-04
08-Jul-05
19-Jun-07
05-Aug-08
03-Aug-09
20-Jul-10
01-Jul-11
03-Jul-12

Ex Date
20-Apr-92
21-Oct-92
10-Dec-92
01-Jul-93
08-Jun-94
30-Aug-94
11-Jul-95
10-Jul-96
24-Jul-97
13-Nov-00
13-Nov-00
26-Aug-03
18-Aug-04
06-Jul-05
15-Jun-07
01-Aug-08
30-Jul-09
16-Jul-10
28-Jun-11
29-Jun-12

Payment
Date
29-May-92
16-Nov-92
15-Jan-93
06-Aug-93
15-Jul-94
06-Oct-94
18-Aug-95
15-Aug-96
29-Aug-97
06-Dec-00
06-Dec-00
11-Sep-03
03-Sep-04
22-Jul-05
03-Jul-07
20-Aug-08
14-Aug-09
30-Jul-10
13-Jul-11
17-Jul-12

F/I
F
I
F
F
I
F
F
F
F
F
F
F
I
F
F
F
F
F

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

Type of Listing
First Issue
Partial Listing
Koperasi
Company Listing
Bonus Shares
Right Issue
Dividen Shares
Stock Split
Additional Listing (Merger)
Stock Splits

Shares
10,000,000
10,000,000
500,000
29,500,000
2,026,400,000
8,000,000
32,400,000
6,004,800,000
2,034,414,422
40,624,057,688

T:
T:
T:
T:
T:

Listing
Date
30-Jul-91
30-Jul-91
27-Feb-92
29-Apr-92
17-Nov-92
14-May-93
18-Jul-94
07-Oct-96
21-Dec-05
08-Oct-12

:
:
:
:
:

Trading
Date
30-Jul-91
30-Jan-92
31-Dec-99
29-Apr-92
06-Dec-00
25-Jun-93
18-Jul-94
02-Jan-04
21-Dec-05
08-Oct-12

KLBF Kalbe Farma Tbk. [S]

Closing
Price*

Closing Price
Volume
(Mill. Sh)

1,400

320

1,225

280

1,050

240

875

200

700

160

525

120

350

80

175

40

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Closing Price*, Jakarta Composite Index (IHSG) and

Consumer Goods Industry Index
January 2009 - February 2013
1,540%

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
500
710
670
930
910
1,120
1,350
1,390
1,330
1,360
1,350
1,330

Low
400
465
590
610
790
860
950
1,240
1,160
1,170
1,170
1,250

Close
465
650
620
900
880
1,010
1,310
1,270
1,330
1,220
1,250
1,300

8,667
12,269
4,586
11,694
5,660
10,599
8,537
6,538
7,004
8,266
10,181
5,819

425,802
611,332
130,054
431,831
336,006
442,308
366,946
318,301
192,711
213,358
577,284
316,170

188,899
384,205
82,396
333,674
291,545
438,123
410,200
420,202
236,717
278,045
750,806
409,502

19
20
20
20
20
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

1,540
1,640
1,900
2,125
2,125
2,150
2,550
2,475
2,725
2,725
4,100
3,825

1,290
1,430
1,570
1,800
1,620
1,780
2,000
2,225
2,300
2,500
2,675
2,975

1,540
1,560
1,870
2,075
1,880
2,100
2,450
2,325
2,550
2,675
3,500
3,250

10,843
9,652
27,381
29,043
31,887
20,196
21,430
13,405
14,065
15,376
26,804
29,162

546,542
491,564
1,292,608
1,329,016
1,142,739
763,008
856,260
319,097
374,294
475,379
932,118
709,139

760,159
767,800
2,247,853
2,672,996
2,166,262
1,505,050
1,995,278
746,780
946,092
1,248,286
2,980,808
2,415,538

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

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

3,375
3,000
3,400
3,725
3,600
3,575
3,700
3,550
3,725
3,550
3,600
3,600

2,450
2,700
2,875
3,350
3,225
3,225
3,400
2,900
2,650
2,975
3,300
3,300

2,825
2,925
3,400
3,575
3,575
3,375
3,475
3,475
3,250
3,475
3,525
3,400

31,889
12,472
26,005
21,717
27,352
19,396
23,402
18,325
22,062
26,568
17,036
12,427

512,854
175,174
409,546
366,099
309,123
206,133
357,183
192,858
249,601
182,564
129,667
343,677

1,539,793
503,579
1,256,625
1,318,778
1,078,937
693,300
1,269,992
638,119
835,454
622,602
451,000
1,182,729

21
18
23
20
21
20
21
19
20
21
22
21

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

3,650
3,600
3,550
4,050
4,025
4,000
3,900
4,000
4,700
4,975
1,040
1,150

3,375
3,400
3,375
3,400
3,750
3,700
3,675
3,750
3,900
910
960
980

3,525
3,500
3,550
4,025
3,875
3,775
3,825
3,875
4,700
970
1,030
1,060

15,399
18,914
18,538
31,628
39,920
30,929
32,278
33,041
33,617
54,533
68,691
53,129

122,271
172,533
283,565
485,446
454,029
384,956
394,523
255,670
272,454
779,898
1,528,172
1,506,913

428,028
602,764
982,054
1,795,766
1,783,899
1,485,524
1,497,405
999,731
1,158,254
998,575
1,514,316
1,585,510

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

Jan-13
Feb-13

1,130
1,300

1,000
1,070

1,090
1,290

48,914
69,492

1,891,111
1,682,306

1,965,394
1,946,563

21
20

1492.6%

1,320%
1,100%
880%
660%
440%

397.2%
233.7%

220%
-220%

Jan 09

Month

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Kalbe Farma Tbk. [S]
January 2009 - February 2013

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

Volume (Million Sh.)

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

4,362
4,224
100
241

9,232
20,453
249
245

3,434
11,391
259
247

6,640
14,832
431
246

2012 Feb-13
3,573
3,912
118
41

Price (Rupiah)
High
Low
Close
Close*

1,390
400
1,300
260

4,100
1,290
3,250
650

3,725
2,450
3,400
680

4,975
910
1,060
1,060

1,300
1,000
1,290
1,290

14.21
25.66
PER (X)
20.07
16.41
PER Industry (X)
3.06
6.14
PBV (X)
* Adjusted price after corporate action

22.43
16.22
5.30

31.87
19.75
7.83

38.79
21.70
9.53

KLBF Kalbe Farma Tbk. [S]

Financial Data and Ratios
Public Accountant : Purwantono, Suherman & Surja (Member of Ernst & Young Global Limited)
Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

Cash & Cash Equivalents

1,321,798

1,562,664

1,901,872

2,291,336

1,372,678

Receivable

1,001,161

1,318,080

1,363,957

1,635,311

1,832,804

Inventories

1,606,124

1,561,382

1,550,829

1,705,189

2,159,863

Current Assets

4,168,055

4,701,893

5,037,270

5,956,123

5,914,266

Fixed Assets

1,327,347

1,398,128

1,605,266

1,860,288

2,170,298

Other Assets

19,511

26,101

47,115

286,899

45,007

Total Assets

5,703,832

6,482,447

7,032,497

8,274,554

8,745,245

13.65%

8.49%

17.66%

5.69%

1,574,137

1,146,489

1,630,589

1,738,284

BALANCE SHEET
(Million Rp except Par Value)

Book End : December

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

Liabilities

8,750
7,000

Growth (%)

5,250
3,500
1,750
-

Current Liabilities
Long Term Liabilities
Total Liabilities

1,250,372
108,618

117,375

113,872

128,031

136,656

1,359,297

1,691,775

1,260,580

1,758,619

1,874,940

24.46%

-25.49%

39.51%

6.61%

Growth (%)
Minority Interest

722,137

480,234

398,133

Authorized Capital

850,000

850,000

850,000

850,000

850,000

Paid up Capital

507,801

507,801

507,801

507,801

507,801

10,156

10,156

10,156

10,156

10,156

50

50

50

50

50

Retained Earnings

3,717,530

4,529,299

5,581,254

6,407,439

6,759,435

Total Equity

3,622,399

4,310,438

5,373,784

6,515,935

6,870,305

18.99%

24.67%

21.25%

5.44%

Dec-09

Dec-10

Dec-11

Sep-12

9,087,348 10,226,789 10,911,860

9,694,015

Paid up Capital (Shares)

Growth (%)
INCOME STATEMENTS
Total Revenues

Dec-08
7,877,366

Growth (%)

15.36%

12.54%

6.70%

Expenses

4,073,726

4,575,407

5,060,404

5,360,687

4,971,235

Gross Profit

3,803,641

4,511,940

5,166,386

5,551,173

4,722,780

Operating Expenses

2,660,928

2,946,066

3,375,482

3,563,914

3,065,682

Operating Profit

1,142,712

1,565,875

1,790,904

1,987,259

37.03%

14.37%

10.96%

35,309

-94,803

-20,469

1,178,022

1,471,072

1,770,435

1,987,259

1,657,098

352,517

421,405

426,636

464,303

386,640

-118,682

-120,663

-57,469

1,266,662

2009

2011

6,516

Sep-12

6,870

5,374
5,469

4,310
3,622

2,666

1,264

-137

2008

2009

2010

2011

Sep-12

TOTAL REVENUES (Billion Rupiah)

10,227

10,912

Growth (%)

2010

TOTAL EQUITY (Billion Rupiah)

4,067

Par Value

2008

10,912
9,694

9,087
8,686

7,877

6,460

Other Income (Expenses)

Income before Tax
Tax

4,234

2,008

Minority Interest

929,004

1,286,330

1,539,721

31.43%

38.46%

19.70%

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

333.35

298.70

439.36

365.27

340.24

Dividend (Rp)

12.50

25.00

70.00

95.00

EPS (Rp)

69.60

91.47

126.66

151.61

124.72

BV (Rp)

356.68

424.42

529.12

641.58

676.48

DAR (X)

0.24

0.26

0.18

0.21

0.21

DER(X)

0.38

0.39

0.23

0.27

0.27

Net Income

706,822

Growth (%)
RATIOS
Current Ratio (%)

-218

2008

2009

2010

2011

Sep-12

NET INCOME (Billion Rupiah)

1,540
1,540

1,286

1,267

1,226

929
912

ROA (%)

20.65

22.69

25.18

24.02

18.95

ROE (%)

32.52

34.13

32.95

30.50

24.12

GPM (%)

48.29

49.65

50.52

50.87

48.72

OPM (%)

14.51

17.23

17.51

18.21

NPM (%)

8.97

10.22

12.58

14.11

13.07

17.96

27.33

55.27

62.66

3.13

1.92

2.15

2.79

Payout Ratio (%)

Yield (%)

707
597

283

-31

2008

2009

2010

2011

Sep-12