MERK MerckTbk.

[S]
COMPANY REPORT : JANUARY 2016 As of 29 January 2016
Development Board Individual Index : 18,192.844
Industry Sector : Consumer Goods Industry (5) Listed Shares : 448,000,000
Industry Sub Sector : Pharmaceuticals (53) Market Capitalization : 3,091,200,000,000
168 | 3.09T | 0.06% | 93.95%

296 | 0.05T | 0.004% | 99.82%

COMPANY HISTORY SHAREHOLDERS (January 2016)

Established Date : 14-Oct-1970 1. Merck Holding GMBH 331,483,000 : 73.99%
Listing Date : 23-Jul-1981 2. Emedia Export Company MBH-806144000 56,711,920 : 12.66%
Under Writer IPO : 3. Public (<5%) 59,805,080 : 13.35%
PT Bahana Securities
PT Niaga Securities DIVIDEND ANNOUNCEMENT
PT Multicor Bonus Cash Recording Payment
F/I
PT Ronie Wijata Dharma Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1989 200.00 18-Oct-89 19-Oct-89 25-Oct-89 20-Nov-89 I
PT EDI Indonesia 1989 280.00 08-Jun-90 11-Jun-90 15-Jun-90 18-Jul-90 F
Wisma SMR 10th Fl. 1990 270.00 18-Oct-90 19-Oct-90 26-Oct-90 22-Nov-90 I
Jln. Yos Sudarso Kav. 89, Jakarta 14350 1990 350.00 05-Jul-91 08-Jul-91 12-Jul-91 14-Aug-91 F
Phone : (021) 651-5130, 650-5829 1991 300.00 17-Oct-91 18-Oct-91 25-Oct-91 20-Nov-91 I
Fax : (021)) 651-5131, 650-5987 1991 520.00 16-Jul-92 17-Jul-92 24-Jul-92 10-Aug-92 F
1992 300.00 21-Oct-92 22-Oct-92 29-Oct-92 20-Nov-92 I
BOARD OF COMMISSIONERS 1992 250.00 21-Oct-92 22-Oct-92 29-Oct-92 20-Nov-92
1. Bradley David Simpson 1992 570.00 16-Jun-93 17-Jun-93 25-Jun-93 19-Jul-93 F
2. Hon Keong Choo 1993 650.00 15-Oct-93 18-Oct-93 25-Oct-93 20-Nov-93 F
3. Parulian Simanjuntak *) 1993 690.00 12-Jul-94 13-Jul-94 20-Jul-94 05-Aug-94 F
*) Independent Commissioners 1994 800.00 14-Oct-94 17-Oct-94 24-Oct-94 21-Nov-94 I
1994 855.00 14-Jul-95 17-Jul-95 25-Jul-95 07-Aug-95 F
BOARD OF DIRECTORS 1995 850.00 19-Oct-95 20-Oct-95 30-Oct-95 20-Nov-95 I
1. Martin Feulner 1995 980.00 07-Jun-96 10-Jun-96 18-Jun-96 02-Jul-96 F
2. Arryo Aritrixso Wachjuwidajat 1996 850.00 17-Oct-96 18-Oct-96 28-Oct-96 22-Nov-96 I
3. Bambang Nurcahyo 1996 650.00 27-Jun-97 30-Jun-97 08-Jul-97 01-Aug-97 F
4. Evie Yulin 1997 900.00 21-Oct-97 22-Oct-97 30-Oct-97 27-Nov-97 I
5. Holger Guenzel 1997 50.00 09-Jun-98 10-Jun-98 08-Jul-98 10-Jul-98 F
1999 200.00 15-Nov-99 16-Nov-99 24-Nov-99 10-Dec-99 I
AUDIT COMMITTEE 1999 700.00 24-May-00 25-May-00 05-Jun-00 19-Jun-00 F
1. Parulian Simanjuntak 1999 450.00 07-Nov-00 08-Nov-00 15-Nov-00 01-Dec-00 F
2. Rico Notosagoro 2001 400.00 07-Nov-01 08-Nov-01 15-Nov-01 03-Dec-01 F
3. Swandayani Halim 2001 400.00 21-Jun-02 24-Jun-02 27-Jun-02 11-Jul-02 F
2002 300.00 09-Jan-03 10-Jan-03 14-Jan-03 27-Jan-03 I
CORPORATE SECRETARY 2002 1,000.00 04-Jun-03 05-Jun-03 10-Jun-03 24-Jun-03 F
Atiek Sawitri 2002 800.00 01-Dec-03 02-Dec-03 04-Dec-03 18-Dec-03 F
2003 1,400.00 06-May-04 07-May-04 11-May-04 25-May-04 F
HEAD OFFICE 2004 1,400.00 23-Nov-04 24-Nov-04 26-Nov-04 10-Dec-04 F
Jln. T.B. Simatupang No. 8 2004 1,400.00 04-May-05 06-May-05 10-May-05 25-May-05 F
Pasar Rebo 2005 1,400.00 16-May-06 17-May-06 19-May-06 05-Jun-06 F
Jakarta 2006 2,000.00 16-May-07 21-May-07 23-May-07 07-Jun-07 I
Phone : (021) 285-65600 2007 2,300.00 08-May-08 09-May-08 23-May-08 28-May-08 F
Fax : (021) 285-65601 2008 5,350.00 24-Apr-09 27-Apr-09 29-Apr-09 12-May-09 F
2010 3,570.00 16-Sep-10 17-Sep-10 21-Sep-10 04-Oct-10 I
Homepage : 2010 4,464.00 06-May-11 09-May-11 11-May-11 26-May-11 F
Email : margaretha.manik@merck.co.id 2011 8.27 10-May-12 11-May-12 15-May-12 30-May-12 F
2012 3.57 12-Apr-13 15-Apr-13 17-Apr-13 01-May-13 F
2013 6.25 14-Apr-14 14-Apr-14 17-Apr-14 05-May-14 F
2014 6,500.00 10-Apr-15 13-Apr-15 15-Apr-15 05-May-15 F
2015 3,300.00 17-Nov-15 18-Nov-15 20-Nov-15 27-Nov-15 I

ISSUED HISTORY
Listing Trading
No. Type of Listing Shares Date Date
1. First Issue 1,680,000 23-Jul-81 23-Jul-81
2. Right Issue 16,800,000 19-May-99 19-May-99
3. Company Listing 3,920,000 22-Dec-00 22-Dec-00
4. Stock Splits 425,600,000 21-Dec-15 21-Dec-15
 MERK MerckTbk.[S]
TRADING ACTIVITIES
Closing Price* and Trading Volume
Merck Tbk. [S] Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2012 - January 2016 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
12,000 0.24 Jan-12 138,000 133,000 136,000 14 21 2,880 7
Feb-12 140,050 140,000 140,000 8 28 3,882 6
10,500 0.21 Mar-12 147,000 140,000 147,000 10 14 1,954 4
Apr-12 149,000 147,000 148,500 10 9 1,257 7
May-12 150,000 145,000 145,000 18 40 5,753 5
9,000 0.18
Jun-12 - - 145,000 - - - -
Jul-12 - - 145,000 - - - -
7,500 0.15
Aug-12 146,750 146,750 146,750 2 2 220 2
Sep-12 152,000 146,750 149,000 3 2 224 2
6,000 0.12
Oct-12 156,500 149,000 156,500 12 91 13,867 6
Nov-12 147,000 139,000 147,000 37 22 3,111 10
4,500 0.09 Dec-12 152,000 150,000 152,000 5 2 247 5

3,000 0.06 Jan-13 152,000 152,000 152,000 1 0.5 76 1

Feb-13 152,000 152,000 152,000 7 5 685 4
1,500 0.03 Mar-13 152,000 150,000 152,000 3 2 303 3
Apr-13 - - 152,000 1 0.0 0.5 1
May-13 235,500 145,000 233,500 96 70 14,586 15
Jun-13 225,000 210,000 210,000 8 8 1,556 3
Jan-12 Jan-13 Jan-14 Jan-15 Jan-16
Jul-13 215,000 151,500 210,000 34 24 4,585 9
Aug-13 215,000 200,000 215,000 7 3 628 4
Sep-13 - - 215,000 - - - -
Closing Price*, Jakarta Composite Index (IHSG) and Oct-13 180,000 170,000 170,000 45 34 5,890 6
Consumer Goods Industry Index Nov-13 182,000 170,000 178,000 27 20 3,413 6
January 2012 - January 2016 Dec-13 189,000 170,000 189,000 11 6 1,077 5
105%
Jan-14 189,000 189,000 189,000 1 0.1 19 1
90% Feb-14 - - 189,000 - - - -
Mar-14 207,000 190,000 199,950 51 90 17,206 13
75% Apr-14 200,000 200,000 200,000 11 74 13,220 6
May-14 199,950 175,000 175,000 10 3 609 5
60% 61.6% Jun-14 194,000 194,000 194,000 1 0.1 19 1
Jul-14 199,950 199,950 199,950 2 0.5 100 2
Aug-14 173,500 170,000 173,500 9 1 191 2
45%
Sep-14 199,175 165,000 170,000 31 8 1,365 8
Oct-14 173,000 160,000 173,000 26 4 694 9
30%
Nov-14 179,000 150,000 169,900 18 5 787 6
Dec-14 169,000 150,000 160,000 53 20 4,632 8
18.1%
15%

Jan-15 154,000 145,000 154,000 20 3 501 7

4.2%
- Feb-15 146,000 140,000 145,100 35 9 1,316 11
Mar-15 146,500 144,500 145,000 29 11 1,522 6
-15% Apr-15 146,000 137,500 142,500 75 34 4,890 11
Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 May-15 145,000 140,000 141,000 25 14 2,080 6
Jun-15 130,000 120,000 122,000 32 11 1,324 10
Jul-15 145,000 119,000 145,000 31 5 573 11
SHARES TRADED 2012 2013 2014 2015 Jan-16 Aug-15 143,500 130,000 143,000 13 15 2,109 4
Volume (Million Sh.) 0.2 0.2 0.2 0.6 0.3 Sep-15 141,500 127,000 135,000 42 7 864 10
Value (Billion Rp) 33 33 39 47 2 Oct-15 140,000 130,000 140,000 86 17 2,261 17
Frequency (Thou. X) 0.1 0.2 0.2 0.9 0.2 Nov-15 138,000 128,500 128,500 308 166 22,321 20
Days 54 57 61 125 20 Dec-15 130,250 6,500 6,775 236 297 7,671 12

Price (Rupiah) Jan-16 7,100 6,475 6,900 221 340 2,249 20

High 156,500 235,500 207,000 154,000 7,100
Low 133,000 145,000 150,000 6,500 6,475
Close 152,000 189,000 160,000 6,775 6,900
Close* 7,600 9,450 8,000 6,775 6,900

PER (X) 31.58 24.13 66.61 21.29 21.69

PER Industry (X) 19.75 15.98 24.22 17.69 17.48
PBV (X) 8.17 8.27 6.97 6.41 6.53
* Adjusted price after corporate action
 MERK MerckTbk.[S]
Financial Data and Ratios Book End : December
Public Accountant : Siddharta Widjaja & Rekan (member of KPMG International)

BALANCE SHEET Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Cash & Cash Equivalents 253,731 143,552 184,227 257,412 140,832 750

Receivables 108,103 68,546 1,310,001 144,634 171,588

123,559 237,577 249,319 183,724 161,125 600
Inventories
Current Assets 491,726 463,883 588,238 595,339 483,680
450
Fixed Assets 61,536 63,318 61,627 81,385 110,784
Other Assets 2,355 3,611 1,755 1,820 1,769
300
Total Assets 584,389 569,431 696,946 716,600 641,647
Growth (%) -2.56% 22.39% 2.82% -10.46% 150

Current Liabilities 65,431 119,828 147,818 129,820 132,436 -

Long Term Liabilities 24,776 32,861 36,909 33,089 35,668 2011 2012 2013 2014 2015
Total Liabilities 90,207 152,689 184,728 162,909 168,104
Growth (%) 69.27% 20.98% -11.81% 3.19%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 22,400 22,400 22,400 22,400 22,400 554
Paid up Capital 22,400 22,400 22,400 22,400 22,400 554

494 512
474
Paid up Capital (Shares) 22 22 22 22 22
417
Par Value 1,000 1,000 1,000 1,000 1,000
441

Retained Earnings 454,220 376,780 472,257 513,729 433,582

328

Total Equity 494,182 416,742 512,219 553,691 473,543

Growth (%) -15.67% 22.91% 8.10% -14.48% 215

INCOME STATEMENTS Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 102

Total Revenues 918,532 929,877 1,193,952 863,208 983,446

Growth (%) 1.24% 28.40% -27.70% 13.93%
-11

2011 2012 2013 2014 2015

Cost of Revenues 436,394 505,435 648,473 404,752 487,190

Gross Profit 482,138 424,442 545,480 458,455 496,256
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 283,556 283,195 315,454 258,020 309,742
Operating Profit 198,582 141,248 230,026 200,436 186,514 1,194

Growth (%) -28.87% 62.85% -12.86% -6.95%

1,194

983
919 930
950 863
Other Income (Expenses) 84,645 4,667 4,682 4,623 7,427
Income before Tax 283,227 145,915 234,708 205,058 193,941 707

Tax 52,068 -38,107 59,263 54,683 51,395

Profit for the period 231,159 107,808 175,445 181,472 142,545
463

Growth (%) -53.36% 62.74% 3.44% -21.45%

220

Period Attributable - 107,808 175,445 181,472 142,545 -24

Comprehensive Income 231,159 107,808 175,445 181,472 148,819 2011 2012 2013 2014 2015
Comprehensive Attributable - - 175,445 181,472 148,819

RATIOS Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 751.52 387.12 397.95 458.59 365.22
231
Dividend (Rp) 8.27 3.57 6.25 6,500.00 3,400.00 231

EPS (Rp) - 4,812.86 7,832.36 8,101.44 6,363.64 181

175
BV (Rp) 22,061.68 18,604.55 22,866.90 24,718.34 21,140.33 184

143
DAR (X) 0.15 0.27 0.27 0.23 0.26
0.18 0.37 0.36 0.29 0.35 108
137

DER(X)
ROA (%) 39.56 18.93 25.17 25.32 22.22 90

ROE (%) 46.78 25.87 34.25 32.78 30.10

GPM (%) 52.49 45.65 45.69 53.11 50.46 43

OPM (%) 21.62 15.19 19.27 23.22 18.97

NPM (%) 25.17 11.59 14.69 21.02 14.49
-5

2011 2012 2013 2014 2015

Payout Ratio (%) 0.07 0.08 80.23 53.43
Yield (%) 0.01 0.00 0.00 4.06 50.18