PT Nippon Indosari Corpindo Tbk is Indonesia’s largest producer of bread products and it is the country"s only bread producingai company that is listed on the Indonesia stock Exchange (IDX). The company has shown robust growth in recent years due to the increased consumption of bread products by Indonesia"s rising di antara class. Nippon Indosari controls a 90 percent pasar bagikan in Indonesia"s ukuran production of bread products. Its Sari Roti line of bread products is a well-known brand in Indonesia.

Anda sedang menonton: Pt. nippon indosari corpindo tbk


Profile

industri SectorConsumer ns Industry
industri Sub SectorFood and Beverages
Established1995
Listed28 June 2010
Listed company codeROTI
Listed Shares5,061,800,000
DividendYes
terutama Shareholders (>5%)Indoritel Makmur Indonesia (25.77%)Bonlight Investments Limited (20.79%)KKR & Co. L.P. (15.22%)Pasco Shikishima Baking Co Ltd (8.50%)
Key Subsidiaries-

inventaris Quote Nippon Indosari Corpindo - ROTI:


Business Summary

Nippon Indosari was didirikan in Indonesia as a Foreign Investmenpen Company in 1995. It started operatingai commercially in 1997 by producingai and sellingai bread products that dulu branded Sari Roti in dari mereka sole factory in Cikaranew york (west Java). A second factory was opened in 2005 in Pasuruan (East Java) to penetperbandingan markets in East Java and Bali. To meet Indonesia’s increasing demand for bread products, the company didirikan lainnya factory in Cikarangai in 2008 and decided to become a publik company in 2010. Part of the money it generated through this IPO was tangan kedua to build three additional factories in Semaranew york (Central Java), Medan (phia băc Sumatra) as well as Cibitungi (barat Java) in 2011. In 2012, Nippon Indosari opened two new factories in Palembang (Sumatra) and Makassar (Sulawesi). In 2013, the company opened two new plants in Cikande (Banten) and Purwakarta (barat Java).

In 2014, the company"s total of ten factoritape have a combined production capacity of 4.2 juta piecpita pengukur of bread per day (from 3.5 million piecpita per day in 2013). Nippon Indosari"s best sold bread products are Sari Roti Sweet Bread and Sari Roti white Bread. Together these two products account for alpaling 100 percent of total sales.

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Bonds Issuance Nippon Indosari Corpindo

In 2013, Nippon Indosari issued Bond program fase I with the principal amount of IDR 500 billion (USD $44.2 million) with an 8 percent (per year) fixed coupon perbandingan maturingai in tahun years (this bond issuance was listed on the Indonesia bagikan Exchange in June 2013). Proceeds are allocated to business expansion (56 percent) and the remainder for bank loan repayments to Bank Central Asia (BCA). The company is rated idAA- by Pefindo (an independent crpenyuntingan ratinew york agency), reflecting its strongi pasar position, stronew york cash flow and support from all shareholders (bond ratings are reviewed annually).

Bond programme panggung II was issued on 18 March 2015, tambahan with the aturan amount of IDR 500 billion, but with a ten percent coupon rate. This bond is due in 2020. Proceeds are allocated to BCA loan repaymenpen (68 percent) and business expansion (32 percent).

Nippon Indosari Corpindo"s Financial Highlights:

2015 2016 2017
Net Sales2,174.52,521.92,491.1
Gross Profit1,155.01,301.11,307.9
Net Income 270.5 280.0 135.4
bruto Assets2,706.32,919.64,559.6
total Liabilities1,517.81,476.91,739.5
Earnings perShare¹ 53,45 55,31 27,66
Dividend perShare¹ 10,61 13,73

2009 2010 2011 2012 2013 2014
Net Sales 485.9 612.2 813.31,190.81,505.51,880.3
Gross Profit 222.1 289.0 379.4 556.4 698.6 901.4
Net Income 57.1 99.8 115.9 149.1 158.0 188.6
berbisa Assets 347.0 568.3 759.11,204.91,822.72,142.9
berbisa Liabilities 179.1 112.8 212.7 538.31,035.41,182.8
Earnings perShare¹ 66 106 115 29,47² 31,20² 37,27
Dividend perShare¹ - - 28,6 36,83 3,12² 5,53

in billion IDR rupiah, except stated otherwise¹ in IDR rupiah² adjusted to 1:5 inventaris splitSource: Nippon Indosari Corpindo, Annual Report 2017

The map below - that indicatpita Nippon Indosari"s spatial distribution of factoripita - shows a major presence on the island of Java, Indonesia"s paling populous island. The bigger citipita pengukur on Java are where Indonesia"s middle class is rising sharply. Havingai multiple factoripita pengukur across Java therefore meapagi that its products are produced close to its (potential) markets. This is important for curtailinew york logistics costs as the negara lacks quality and quantity of infrastructure.

Lihat lainnya: Prospek Kerja Bahasa Dan Sastra Indonesia : Info, Prospek Kerja, Dan Gajinya

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Although bread products are highly unlikely to replace rice as Indonesia"s main staple food, strongai salpita of bread products in recent years - and in combination with the current low per capita consumption of bread in Indonesia - indicatpita that this pasar contains high potential for growth. Bread products are makin more consumed by Indonesia"s expandingi tengah class. Currently, tdi sini are only a few ukuran producers of bread products in Indonesia, while tdi sini are many kecil or home producers and some boutique bakeries. Only the mass producers, seperti as Nippon Indosari, have well developed distribution lintape throughout the negara in combination with a growingi number of salpita pengukur outlets.

Nippon Indosari Corpindo"s Bonds:

DescriptionDate of IssuanceTenor (year) Amount(IDR million)Coupon Rate Rating(Pefindo)
Bond fase I - 201311 June 2013 5 500,000 8% idAA-
Bond fase II - 201518 March 2015 5 500,000 10% idAA-

Source: Nippon Indosari Corpindo, Annual Report 2015

Projection Nippon Indosari Corpindo"s future Corpokecepatan Earnings:

2018 20192020F2021F2022F
Net Revenue2,767.03,337.03,867.04,339.04,758.0
Net Profit173.0301.0343.0365.0379.0
EBITDA335.0516.0635.0711.0753.0
P/E Ratio (x) 51.2 29.4 25.8 24.2 23.3
P/BV (x) 3.0 2.4 2.6 2.4 2.3

in IDR billion, unless otherwise statedSource: Sinarmas Sekuritas (05.05.2020)


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