NIRO City Retail Developments Tbk.

COMPANY REPORT : JANUARY 2019 As of 31 January 2019

Development Board Individual Index : 85.714
Industry Sector : Property, Real Estate & Building Construction (6) Listed Shares : 22,198,871,804
Industry Sub Sector : Property And Real Estate (61) Market Capitalization : 1,997,898,462,360
297 | 2.00T | 0.03% | 97.12%

229 | 0.64T | 0.03% | 97.47%

COMPANY HISTORY SHAREHOLDERS (December 2018)

Established Date : 18-Dec-2003 1. PT Mega Inti Perdana Utama 10,191,964,619 : 45.91%
Listing Date : 13-Sep-2012 (IPO Price: 105) 2. Banque Pictet And Cie Sa 1,803,035,881 : 8.12%
Underwriter IPO : 3. Public (<5%) 10,203,871,304 : 45.97%
PT Andalan Artha Advisindo Sekuritas
Securities Administration Bureau : DIVIDEND ANNOUNCEMENT
PT Sharestar Indonesia Bonus Cash Recording Payment
F/I
Year Shares Dividend Cum Date Ex Date Date Date
BOARD OF COMMISSIONERS -
1. Pingki Elka Pangestu *)
2. Suantopo Po ISSUED HISTORY
*) Independent Commissioners Listing Trading
No. Type of Listing Shares Date Date
BOARD OF DIRECTORS 1. First Issue 6,000,000,000 13-Sep-12 13-Sep-12
1. Soekarman Wiraatmadja Kusnadi 2. Company Listing 12,000,000,000 13-Sep-12 13-Sep-12
2. Hasan 3. Warrant I 4,198,871,804 T: 20-Mar-13 : 17-Sep-15
3. Musa Sinambela
4. Timothy Joseph Daly

AUDIT COMMITTEE
1. Pingki Elka Pangestu
2. Agus R. Panjaitan
3. Gunawan

CORPORATE SECRETARY
Musa Sinambela

HEAD OFFICE
Gedung Office 8, fl. 33, SCBD Lot 28
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190
Phone : (021) 29333775; 08170826365
Fax : (021) 29333715
Homepage : www.nirvanadevelopment.com
Email : [email protected]
[email protected]
 NIRO City Retail Developments Tbk.
TRADING ACTIVITIES
Closing Price* and Trading Volume
City Retail Developments 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)
240 1,600 Jan-15 213 176 213 17,184 4,660,888 857,600 21
Feb-15 241 212 225 33,931 5,146,797 1,128,607 19
210 1,400 Mar-15 231 206 228 29,044 3,812,037 827,109 22
Apr-15 238 176 181 25,890 4,331,229 942,616 21
May-15 223 159 223 17,950 2,529,416 508,860 19
180 1,200
Jun-15 225 192 213 27,357 1,785,492 377,307 21
Jul-15 213 178 192 5,930 433,757 88,194 19
150 1,000
Aug-15 203 129 168 4,861 300,213 48,089 20
Sep-15 171 127 139 4,504 319,148 45,348 21
120 800
Oct-15 150 101 112 20,582 991,095 118,452 21
Nov-15 116 90 96 26,081 1,043,414 107,009 21
90 600 Dec-15 115 97 109 23,766 2,989,752 314,499 19

60 400 Jan-16 109 92 100 9,998 1,384,136 143,694 20

Feb-16 107 97 99 4,681 868,203 86,623 20
30 200 Mar-16 137 98 131 9,655 1,207,219 139,278 21
Apr-16 130 93 101 3,267 610,448 66,049 21
May-16 103 99 100 821 476,898 47,819 20
Jun-16 112 100 105 8,337 758,093 76,420 22
Jan-15 Jan-16 Jan-17 Jan-18 Jan-19
Jul-16 110 99 103 13,321 1,418,310 143,173 16
Aug-16 103 98 100 4,840 1,009,146 107,675 22
Sep-16 101 91 99 3,813 1,144,950 122,157 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-16 101 88 98 4,757 1,038,259 101,845 21
Property, Real Estate and Bulding Construction Index Nov-16 99 91 95 816 613,329 58,408 22
January 2015 - January 2019 Dec-16 96 88 94 536 994,527 94,236 20
45%
Jan-17 95 83 84 1,050 380,535 33,820 21
30% Feb-17 90 78 78 1,154 437,482 36,820 19
24.6% Mar-17 85 78 80 523 600,096 48,329 22
15% Apr-17 82 78 79 303 780,558 62,333 17
May-17 80 74 75 445 808,037 62,604 20
- Jun-17 77 72 74 233 371,571 27,669 15
Jul-17 78 71 74 290 507,799 37,827 21
-12.6% Aug-17 74 69 71 278 578,210 42,044 22
-15%
Sep-17 72 66 66 166 18,089 1,422 19
Oct-17 73 57 59 2,270 69,651 4,173 22
-30%
Nov-17 69 55 59 1,580 782,590 43,327 22
Dec-17 80 54 80 1,101 2,502,269 154,015 18
-45%
-51.9% Jan-18 94 72 90 997 874,265 69,561 22
-60% Feb-18 110 79 90 451 528,070 46,920 19
Mar-18 100 81 95 671 457,674 41,058 21
-75% Apr-18 103 86 91 1,181 179,656 17,093 21
Jan 15 Jan 16 Jan 17 Jan 18 Jan 19 May-18 95 89 91 356 224,191 20,606 20
Jun-18 96 90 90 157 319,556 28,761 13
Jul-18 94 90 90 136 327,281 29,455 19
SHARES TRADED 2015 2016 2017 2018 Jan-19 Aug-18 95 90 90 801 958,510 86,902 21
Volume (Million Sh.) 28,343 11,524 7,837 6,805 1,252 Sep-18 98 89 90 303 257,722 23,307 17
Value (Billion Rp) 5,364 1,187 554 601 113 Oct-18 100 90 92 198 426,901 39,094 22
Frequency (Thou. X) 237 65 9 6 0.5 Nov-18 92 90 90 176 1,177,872 100,114 19
Days 244 246 238 232 22 Dec-18 97 89 89 412 1,073,111 97,995 18

Price (Rupiah) Jan-19 93 89 90 524 1,252,414 112,763 22

High 241 137 95 110 93
Low 90 88 54 72 89
Close 109 94 80 89 90
Close* 109 94 80 89 90

PER (X) -124.74 -122.91 -51.06 -120.94 -122.30

PER Industry (X) 13.36 24.89 14.52 27.07 28.17
PBV (X) 0.88 0.69 0.60 0.54 0.55
* Adjusted price after corporate action
 NIRO City Retail Developments 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 40,809 655,706 956,494 1,466,105 1,006,432 6,250

Receivables 17,340 350,064 314,138 324,218 342,470

5,000

Inventories 660,369 133,691 149,611 34,053 45,848

3,750
Investment 1,685 2,099 2,139 - -
Fixed Assets 178,031 173,845 168,196 224,898 258,033
2,500
Other Assets 1,423 3,841 12,867 147 15,129
Total Assets 3,037,201 3,141,666 3,791,983 4,892,234 5,039,954
1,250
Growth (%) 3.44% 20.70% 29.02% 3.02%
-
Trade Payable 44,213 32,223 12,767 30,895 32,454 2014 2015 2016 2017 Sep-18
Total Liabilities 1,296,939 383,189 818,301 1,236,500 1,398,874
Growth (%) -70.45% 113.55% 51.11% 13.13%
TOTAL EQUITY (Bill. Rp)
3,656 3,641
Authorized Capital 4,000,000 4,000,000 8,800,000 8,800,000 8,800,000 3,656

Paid up Capital 1,802,979 2,219,887 2,219,887 2,219,887 2,219,887 2,974

2,758
Paid up Capital (Shares) 18,030 22,199 22,199 22,199 22,199
2,910

Par Value 100 100 100 100 100

-76,856 -92,686 -143,983 -151,862 -164,115 1,740
2,164

Retained Earnings
Total Equity 1,740,261 2,758,477 2,973,682 3,655,734 3,641,081 1,418

Growth (%) 58.51% 7.80% 22.94% -0.40%

673

INCOME STATEMENTS Dec-14 Dec-15 Dec-16 Dec-17 Sep-18

Total Revenues 245,386 505,051 263,634 380,880 342,631
-73

2014 2015 2016 2017 Sep-18

Growth (%) 105.82% -47.80% 44.47%

Cost of Revenues 155,747 377,859 157,857 243,111 169,095

TOTAL REVENUES (Bill. Rp)
Gross Profit 89,639 127,192 105,776 137,769 173,536
Operating Expenses - 154,260 135,931 79,953 124,508 505

Operating Profit - - -30,155 57,816 49,028

505

Growth (%) N/A 381

343
402

Other Income (Expenses) -177,009 - 21,586 -23,645 -33,803 299

245
264
Income Before Tax -87,370 -27,068 -8,569 34,170 -12,245
Tax 21,131 939 22,768 30,449 4,273 196

Profit for the period -108,501 -28,007 -31,337 3,722 -16,518

Growth (%) 74.19% -11.89% N/A
93

-10

Period Attributable -108,599 -19,398 -37,227 -7,879 -12,252 2014 2015 2016 2017 Sep-18
Comprehensive Income -108,451 -27,667 -30,258 2,975 -14,653
Comprehensive Attributable 108,549 -19,056 -36,742 -8,369 -10,387
PROFIT FOR THE PERIOD (Bill. Rp)
RATIOS Dec-14 Dec-15 Dec-16 Dec-17 Sep-18 3.7
2014 2015 2016 Sep-18
Dividend (Rp) - - - - - 4

EPS (Rp) -6.02 -1.26 -1.41 0.17 -0.74 2017

BV (Rp) 96.52 124.26 133.96 164.68 164.02 -19

-17
DAR (X) 0.43 0.12 0.22 0.25 0.28
-28 -31
DER(X) 0.75 0.14 0.28 0.34 0.38
-41

ROA (%) -3.57 -0.89 -0.83 0.08 -0.33 -64

ROE (%) -6.23 -1.02 -1.05 0.10 -0.45

GPM (%) 36.53 25.18 40.12 36.17 50.65 -86

OPM (%) - - -11.44 15.18 14.31

NPM (%) -44.22 -5.55 -11.89 0.98 -4.82
-109

-109
Payout Ratio (%) - - - - -
Yield (%) - - - - -

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