JSMR Jasa Marga (Persero) Tbk.

COMPANY REPORT : JANUARY 2019 As of 31 January 2019

Main Board Individual Index : 290.128
Industry Sector : Infrastructure, Utilities & Transportation (7) Listed Shares : 7,257,871,200
Industry Sub Sector : Toll Road, Airport, Harbor And Allied Products (72) Market Capitalization : 35,708,726,304,000
34 | 35.7T | 0.48% | 67.39%

61 | 7.70T | 0.37% | 79.22%

COMPANY HISTORY SHAREHOLDERS (December 2018)

Established Date : 01-Mar-1978 1. Republic of Indonesia 5,080,509,840 : 70.00%
Listing Date : 12-Nov-2007 (IPO Price: 1,700) 2. Public (<5%) 2,177,361,360 : 30.00%
Underwriter IPO :
PT Danareksa Sekuritas (Affilliated) DIVIDEND ANNOUNCEMENT
PT Bahana Securities (Affilliated) Bonus Cash Recording Payment
F/I
PT Mandiri Sekuritas (Affiliated) Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 2007 14.31 21-May-08 22-May-08 26-May-08 29-May-08 F
PT Datindo Entrycom 2008 52.00 18-Jun-09 19-Jun-09 23-Jun-09 7-Jul-09 F
2009 87.91 28-Jun-10 29-Jun-10 1-Jul-10 15-Jul-10 F
BOARD OF COMMISSIONERS 2010 105.69 6-Jul-11 7-Jul-11 11-Jul-11 13-Jul-11 F
1. Sapto Amal Damandari *) 2011 78.88 4-Jun-12 5-Jun-12 7-Jun-12 21-Jun-12 F
2. Agus Suharyono 2012 94.24 29-May-13 30-May-13 3-Jun-13 18-Jun-13 F
3. Anita Firmanti Eko Susetyowati 2013 78.61 4-Apr-14 7-Apr-14 10-Apr-14 23-Apr-14 F
4. Muhammad Sapta Murti 2015 43.13 6-Apr-16 7-Apr-16 11-Apr-16 29-Apr-16 F
5. Sugihardjo 2016 78.09 22-Mar-17 23-Mar-17 27-Mar-17 13-Apr-17 F
6. Vincentius Sonny Loho *) 2017 60.63 17-Apr-18 18-Apr-18 20-Apr-18 11-May-18 F
*) Independent Commissioners
ISSUED HISTORY
BOARD OF DIRECTORS Listing Trading
1. Desi Arryani No. Type of Listing Shares Date Date
2. Adrian Priohutomo 1. First Issue 2,040,000,000 12-Nov-07 12-Nov-07
3. Alex Denni 2. Negara RI (Series A) 1 12-Nov-07 -
4. Donny Arsal 3. Company Listing 4,759,999,999 12-Nov-07 10-May-08
5. Mohammad Sofyan 4. Right Issue 8,326,610 7-Dec-16 7-Dec-16
6. Subakti Syukur 5. Right Issue 12,081,825 8-Dec-16 8-Dec-16
6. Right Issue 331,269,578 9-Dec-16 9-Dec-16
AUDIT COMMITTEE 7. Right Issue 64,014,959 13-Dec-16 13-Dec-16
1. Vicentius Sony Loho 8. Right Issue 34,740,139 14-Dec-16 14-Dec-16
2. Agita Widjajanto 9. Right Issue 7,438,089 16-Dec-16 16-Dec-16
3. Anita Firmanti Eko Susetyowati
4. Sugiharjo
5. Teguh Indra Prasetyo

CORPORATE SECRETARY
Mohamad Agus Setiawan

HEAD OFFICE
Tol Taman Mini Indonesia Indah Plaza
Jakarta - 13550
Phone : (021) 841-3630; 841-3526
Fax : (021) 841-3540
Homepage : www.jasamarga.com
Email : jasmar@jasamarga.com
investor.relations@jasamarga.co.id
agus.setiawan@jasamarga.co.id
Formula
 JSMR Jasa Marga (Persero) Tbk.
TRADING ACTIVITIES
Closing Price* and Trading Volume
Jasa Marga (Persero) Tbk. Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2015 - January 2019 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
7,200 64.0 Jan-15 7,250 6,925 7,200 27,993 127,295 896,176 21
Feb-15 7,225 6,900 7,100 29,950 129,358 914,804 19
6,300 56.0 Mar-15 7,200 6,975 7,200 30,454 144,110 1,022,917 22
Apr-15 7,200 5,950 6,200 35,427 198,482 1,328,552 21
May-15 6,600 6,000 6,475 31,326 126,120 799,480 19
5,400 48.0
Jun-15 7,000 5,275 5,475 45,083 161,045 943,906 21
Jul-15 6,075 5,400 5,725 31,791 124,582 722,452 19
4,500 40.0
Aug-15 5,750 4,810 5,150 34,465 98,686 519,567 20
Sep-15 5,400 4,680 4,825 34,158 119,965 617,427 21
3,600 32.0
Oct-15 5,625 4,750 4,840 51,457 194,115 1,001,768 21
Nov-15 5,200 4,500 4,500 42,147 166,593 812,075 21
2,700 24.0 Dec-15 5,250 4,575 5,225 48,841 129,847 631,845 19

1,800 16.0 Jan-16 6,075 4,995 5,750 38,605 209,808 1,185,959 20

Feb-16 6,250 5,200 5,300 52,098 236,731 1,357,849 20
900 8.0 Mar-16 5,700 5,200 5,400 46,990 151,782 828,299 21
Apr-16 5,575 5,250 5,450 29,037 77,850 418,771 21
May-16 5,525 5,200 5,400 29,713 72,265 386,407 20
Jun-16 5,575 4,990 5,275 38,948 100,784 533,131 22
Jan-15 Jan-16 Jan-17 Jan-18 Jan-19
Jul-16 5,650 5,125 5,325 32,745 110,641 599,531 16
Aug-16 5,675 4,810 4,860 54,852 250,495 1,298,317 22
Sep-16 4,910 4,550 4,600 62,806 270,766 1,285,309 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-16 4,750 4,500 4,530 41,089 179,268 830,658 21
Infrastructure, Utilities and Transportation Index Nov-16 4,750 3,900 4,150 68,921 274,572 1,174,674 22
January 2015 - January 2019 Dec-16 4,570 4,110 4,320 51,067 248,754 1,084,481 20
30%
24.6% Jan-17 4,390 4,150 4,220 39,547 102,208 433,704 21
20% Feb-17 4,990 4,210 4,780 62,258 236,304 1,099,374 19
Mar-17 4,820 4,430 4,620 50,791 178,322 822,384 22
10% Apr-17 4,740 4,400 4,640 37,316 142,206 654,218 17
May-17 5,250 4,550 5,250 43,430 226,129 1,110,351 20
- 1.2% Jun-17 5,450 4,980 5,350 23,197 141,013 732,293 15
Jul-17 5,850 5,150 5,850 37,302 157,391 849,540 21
Aug-17 5,875 5,275 5,825 36,768 152,504 845,204 22
-10%
Sep-17 6,050 5,525 5,600 34,597 150,827 879,618 19
Oct-17 6,600 5,625 6,500 36,807 252,664 1,553,162 22
-20%
Nov-17 6,775 6,200 6,375 38,593 205,028 1,336,196 22
Dec-17 6,550 6,100 6,400 38,015 200,198 1,262,590 18
-30% -30.5%
Jan-18 6,600 5,550 5,700 66,716 264,506 1,600,964 22
-40% Feb-18 5,850 5,225 5,350 50,268 186,586 1,035,437 19
Mar-18 5,450 4,460 4,580 46,953 161,916 805,773 21
-50% Apr-18 4,750 4,180 4,370 38,866 112,981 516,113 21
Jan 15 Jan 16 Jan 17 Jan 18 Jan 19 May-18 4,460 3,920 4,450 56,851 129,551 549,491 20
Jun-18 4,750 4,120 4,180 40,678 90,957 409,914 13
Jul-18 5,275 4,000 4,690 56,199 140,620 676,845 22
SHARES TRADED 2015 2016 2017 2018 Jan-19 Aug-18 5,100 4,390 4,530 43,997 87,389 415,719 21
Volume (Million Sh.) 1,720 2,184 2,145 1,710 203 Sep-18 4,610 4,160 4,470 33,861 61,300 271,162 19
Value (Billion Rp) 10,211 10,983 11,579 8,308 989 Oct-18 4,530 4,020 4,150 43,135 87,908 378,213 23
Frequency (Thou. X) 443 547 479 594 70 Nov-18 4,250 3,800 4,130 57,233 182,613 737,201 21
Days 244 246 238 240 22 Dec-18 4,680 4,180 4,280 59,625 203,475 911,094 18

Price (Rupiah) Jan-19 5,150 4,280 4,920 70,162 203,352 988,777 22

High 7,250 6,250 6,775 6,600 5,150
Low 4,500 3,900 4,150 3,800 4,280
Close 5,225 4,320 6,400 4,280 4,920
Close* 5,213 4,320 6,400 4,280 4,920

PER (X) 24.51 18.04 23.37 15.48 17.79

PER Industry (X) 9.49 8.16 16.02 9.50 10.05
PBV (X) 2.87 2.26 2.53 1.65 1.89
* Adjusted price after corporate action
 JSMR Jasa Marga (Persero) Tbk.
Financial Data and Ratios Book End : December
Public Accountant : Purwantono, Sungkoro & Surja

BALANCE SHEET Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(in Million Rp, except Par Value) Assets Liabilities
Cash & Cash Equivalents 3,290,784 3,323,221 4,124,886 6,873,021 3,834,857 87,500

Receivables 48,089 164,374 8,278,539 11,547,364 10,773,166

21,960 20,154 86,975 134,245 309,889 70,000
Inventories
Current Assets 3,545,784 3,729,047 12,965,884 18,987,065 15,233,377
52,500
Fixed Assets 701,685 913,843 884,666 1,036 706,810
Other Assets 124,319 1,007,135 882,977 - 512,114
35,000
Total Assets 31,859,963 36,724,982 53,500,323 79,192,773 75,504,099
Growth (%) 15.27% 45.68% 48.02% -4.66% 17,500

Current Liabilities 4,301,010 7,743,787 18,626,989 24,997,940 27,511,964 -

Long Term Liabilities 16,538,224 16,612,531 18,534,494 35,835,393 29,142,986 2014 2015 2016 2017 Sep-18
Total Liabilities 20,839,233 24,356,318 37,161,483 60,833,333 56,654,950
Growth (%) 16.88% 52.57% 63.70% -6.87%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 9,520,000 9,520,000 9,520,000 9,520,000 9,520,000 18,849
18,359
Paid up Capital 3,400,000 3,400,000 3,400,000 3,628,936 3,628,936 18,849

16,339
Paid up Capital (Shares) 6,800 6,800 6,800 7,258 7,258
Par Value 500 500 500 500 500
15,004

12,369
Retained Earnings 3,920,148 4,895,330 6,491,367 8,124,829 9,456,036 11,021

11,020,729 12,368,664 16,338,840 18,359,440 18,849,149

11,159

Total Equity
Growth (%) 12.23% 32.10% 12.37% 2.67% 7,313

INCOME STATEMENTS Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 3,468

Total Revenues 9,173,817 9,848,242 16,661,403 35,092,196 27,384,519

Growth (%) 7.35% 69.18% 110.62%
-377

2014 2015 2016 2017 Sep-18

Cost of Revenues 5,483,825 5,720,422 11,805,012 29,784,309 23,148,718

Gross Profit 3,689,992 4,127,820 4,856,391 5,307,887 4,235,800
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 617,268 650,155 690,884 659,807 30,032
Operating Profit 3,072,724 3,477,665 4,165,507 4,648,080 4,205,769 35,092

Growth (%) 13.18% 19.78% 11.58%

35,092

27,385
27,933

Other Income (Expenses) -1,222,062 -1,409,361 -1,515,828 -1,397,628 -1,701,794

Income before Tax 1,850,661 2,068,304 2,649,679 3,250,452 2,503,975
16,661
20,775

Tax 613,647 749,104 846,625 1,156,796 -825,664

Profit for the period 1,237,014 1,319,201 1,803,054 2,093,656 1,678,311 13,616

9,174 9,848
Growth (%) 6.64% 36.68% 16.12%
6,457

Period Attributable 1,421,729 1,449,327 1,770,726 2,200,256 1,771,258 -702

Comprehensive Income 1,180,215 1,302,378 1,684,225 1,881,185 1,412,560 2014 2015 2016 2017 Sep-18
Comprehensive Attributable 1,365,670 1,466,382 1,889,313 1,988,011 1,771,258

RATIOS Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 82.44 48.16 69.61 75.95 55.37
2,094
Dividend (Rp) - 43.13 78.09 60.63 - 2,094

1,803
EPS (Rp) 209.08 213.14 260.40 303.15 244.05 1,678
BV (Rp) 1,620.70 1,818.92 2,402.77 2,529.59 2,597.06 1,667

1,319
DAR (X) 0.65 0.66 0.69 0.77 0.75 1,237

DER(X) 1.89 1.97 2.27 3.31 3.01

1,239

ROA (%) 3.88 3.59 3.37 2.64 2.22 812

ROE (%) 11.22 10.67 11.04 11.40 8.90

GPM (%) 40.22 41.91 29.15 15.13 15.47 385

OPM (%) 33.49 35.31 25.00 13.25 15.36

NPM (%) 13.48 13.40 10.82 5.97 6.13
-42

2014 2015 2016 2017 Sep-18

Payout Ratio (%) - 20.24 29.99 20.00 -
Yield (%) - 0.83 1.81 0.95 -

*US$ Rate (BI), Rp 12,436 13,794 13,436 13,548 14,929