COMPANY REPORT

BATA
SEPATU BATA TBK.

Company Profile

PT Sepatu Bata Tbk (“the Company”) was established in Indonesia on October 15th, 1931 by
deed of Notary Adriaan Hendrick van Ophuijsen No. 64. Operations commenced in 1931.

PT Sepatu Bata Tbk. is a member of the Bata Shoe Organization, which has its head office in
Lausanne, Switzerland. The Company is the world's largest manufacturer of footwear, with
operations in many countries, producing and selling millions of shoes each year.

The Company’s production facilities are located in Purwakarta. The Company is involved in
manufacturing leather footwear, canvas built-up, casual and sports shoes, injection
moulded sandals/slippers and industrial safety footwear, and in the import and distribution
of footwear. The Company is also active in exporting footwear. The Company has its head
office in Jakarta.

August 2010

Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
Sepatu Bata Tbk. [S] BATA
COMPANY REPORT : AUGUST 2010 As of 31 August 2010
Main Board Individual Index : 7,522.698
Industry Sector : Miscellaneous Industry (4) Listed Shares : 13,000,000
Industry Sub Sector : Footwear (44) Market Capitalization: 754,000,000,000

COMPANY HISTORY SHAREHOLDERS (August 2010)

Established Date : 15-Oct-1931 1. Bafin (Nederland) B.V. 9,973,081 : 76.72%
Listing Date : 24-Mar-1982 2. BP2S Singapore/Fully Taxable 776,000 : 5.97%
Under Writer IPO :
PT Merchant Investment Corporation DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Bonus Cash Cum Ex Recording Payment
PT Blue Chip Mulia Year Shares Devidend Date Date Date Date F/I
Bina Mulia Building I, 4th Fl. 1989 70.00 07-Sep-89 08-Sep-89 13-Sep-89 26-Sep-89 I
Jln. HR. Rasuna Said Kav. 10, Jakarta 12950 1990 70.00 05-Feb-90 06-Feb-90 12-Feb-90 27-Feb-90 I
Phone : 520-1928, 1983, 1993, 1989 1989 100.00 02-May-90 03-May-90 09-May-90 22-May-90 I
Fax : 520-1924 1990 80.00 07-Sep-90 10-Sep-90 14-Sep-90 27-Sep-90 I
1991 90.00 06-Feb-91 07-Feb-91 15-Feb-91 27-Feb-91 I
BOARD OF COMMISSIONERS 1990 120.00 15-May-91 16-May-91 23-May-91 05-Jun-91 F
1. Marcello Pace 1991 100.00 05-Aug-91 06-Aug-91 13-Sep-91 26-Sep-91 I
2. Hanafiah Djaja Winata *) 1991 200.00 08-May-92 09-May-92 15-May-92 27-May-92 F
3. Jorge Domingo Carbajal Gutierrez 1992 105.00 10-Sep-92 11-Sep-92 18-Sep-92 29-Sep-92 I
4. Michael Graham Voisey Middleton 1992 150.00 18-May-93 19-May-93 27-May-93 14-Jun-93 F
5. Sri Hartina Urip Simeon *) 1993 80.00 09-Nov-93 10-Nov-93 17-Nov-93 30-Nov-93 I
*) Independent Commissioners 1993 150.00 09-Jun-94 10-Jun-94 17-Jun-94 28-Jun-94 F
1994 105.00 21-Nov-94 22-Nov-94 29-Nov-94 14-Dec-94 I
BOARD OF DIRECTORS 1994 200.00 30-May-95 01-Jun-95 08-Jun-95 15-Jun-95 F
1. Alberto Ericco 1995 105.00 16-Nov-95 17-Nov-95 27-Nov-95 14-Dec-95 I
2. Fabio Bellini 1995 225.00 17-Jun-96 18-Jun-96 26-Jun-96 27-Jun-96 F
3. Fadzilah Bin Mohd. Hussein 1998 300.00 25-May-99 26-May-99 03-Jun-99 21-Jun-99 F
4. Ibnu Baskoro 1999 500.00 30-Nov-99 01-Dec-99 09-Dec-99 14-Dec-99 I
5. Solaiappan Mariappan 1999 500.00 10-Dec-99 13-Dec-99 21-Dec-99 23-Dec-99 I
6. Tan Chee Wee 1999 1,350.00 20-Jun-00 21-Jun-00 29-Jun-00 04-Jul-00 F
2000 2,000.00 01-Dec-00 04-Dec-00 11-Dec-00 20-Dec-00 I
AUDIT COMMITTEE 2000 1,550.00 29-Jun-01 30-Jun-01 09-Jul-01 25-Jul-01 F
1. Marwoto Hadi Soesastro 2001 2,000.00 06-Dec-01 07-Dec-01 12-Dec-01 27-Dec-01 I
2. Hanafiah Djajawinata 2001 1,500.00 04-Jul-02 05-Jul-02 10-Jul-02 24-Jul-02 F
3. Hans Kartikahadi 2002 1,650.00 11-Dec-02 12-Dec-02 16-Dec-02 23-Dec-02 I
2002 1,150.00 02-Jul-03 03-Jul-03 07-Jul-03 21-Jul-03 F
CORPORATE SECRETARY 2003 900.00 05-Dec-03 08-Dec-03 10-Dec-03 23-Dec-03 F
Iwan Nurdiansyah 2003 600.00 30-Jun-04 01-Jul-04 06-Jul-04 20-Jul-04 F
2004 850.00 02-Dec-04 03-Dec-04 07-Dec-04 20-Dec-04 I
HEAD OFFICE 2005 650.00 03-Jul-05 04-Jul-05 06-Jul-05 20-Jul-05
Graha Bata, Jln. R.A. Kartini Kav. 28 2005 850.00 05-Dec-05 06-Dec-05 08-Dec-05 22-Dec-05 I
Cilandak Barat, Jakarta selatan 12430 2005 150.00 19-Jul-06 21-Jul-06 16-Jul-06 19-Jul-06 F
Phone : (021) 750-5353 2006 340.00 07-Dec-06 08-Dec-06 12-Dec-06 21-Dec-06 I
Fax : (021) 750-5354 2006 435.00 05-Jul-07 06-Jul-07 10-Jul-07 24-Jul-07 F
2007 870.00 07-Dec-07 10-Dec-07 12-Dec-07 17-Dec-07 I
Homepage : www.bata.com 2007 6,361.00 19-Jun-08 18-Jun-08 23-Jun-08 07-Jul-08 F
Email : [email protected] 2007 727.00 05-Dec-08 09-Dec-08 11-Dec-08 16-Dec-08 F
2008 816.00 29-Jun-09 30-Jun-09 02-Jul-09 15-Jul-09 F
2009 1,088.00 08-Dec-09 09-Dec-09 11-Dec-09 16-Dec-09 I
2009 1,070.00 29-Jun-10 30-Jun-10 02-Jul-10 16-Jul-10 F

ISSUED HISTORY
Listing Trading
Type of Listing Shares Date Date
1. First Issue 1,200,000 24-Mar-82 24-Mar-82
2. Additional Listing 288,000 09-Jan-85 09-Jan-85
3. Additional Listing 462,000 24-Dec-86 24-Dec-86
4. Partial Listing 2,600,000 19-Apr-90 03-May-90
5. Partial Listing 8,450,000 09-Nov-00 09-Nov-00
Sepatu Bata Tbk [S] BATA
TRADING ACTIVITIES
CLOSING PRICE* AND TRADING VOLUME
Closing Volume Closing Price Freq. Volume Value

Day
SEPATU BATA TBK [S]
Price* JANUARY 2006 - AUGUST 2010 (Mill. Sh) Month High Low Close (X) (Thou. Sh) (Million Rp)
59,500 0.28 Jan-06 15,900 13,000 13,100 3 2 29 3
Feb-06 13,250 13,150 13,250 13 42 556 3
Mar-06 14,500 14,000 14,500 10 23 320 6
51,000 0.24
Apr-06 14,500 13,300 14,000 9 10 139 5
May-06 13,500 13,250 13,250 6 10 133 3
42,500 0.20 Jun-06 13,250 13,250 13,250 7 10 133 1
Jul-06 13,250 13,250 13,250 5 84 1,113.0 4
Aug-06 13,000 12,500 12,500 9 483 6,157 5
34,000 0.16 Sep-06 13,000 12,250 12,500 8 277 3,460 5
Oct-06 12,500 12,500 12,500 1 1 6 1
Nov-06 13,000 12,700 13,000 11 13 165 6
25,500 0.12
Dec-06 14,000 13,000 14,000 7 25 365 6
Jan-00
17,000 0.08 Jan-07 14,900 14,000 14,500 19 20 285 9
Feb-07 14,700 12,000 14,700 8 24 347 7
Mar-07 15,300 14,500 15,300 11 16 226 6
8,500 0.04 Apr-07 15,000 14,500 14,500 10 14 198 6
May-07 14,600 14,000 14,400 5 5 65 3
Jun-07 14,500 14,400 14,500 27 216 3,119 6
0.00
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jul-07 15,000 14,400 14,400 9 10 138 7
Aug-07 14,600 14,300 14,600 8 112 1,619 7
Sep-07 16,500 15,000 16,000 11 26 409 7
Oct-07 21,000 15,000 21,000 16 52 881 9
CHANGE OF CLOSING PRICE Nov-07 23,000 22,000 23,000 6 12 260 2
MISCELLANEOUS INDUSTRY INDEX AND JAKARTA COMPOSITE INDEX Dec-07 - - 23,000 - - - -
JANUARY 2006 - AUGUST 2010
Jan-00
360% 360%
Jan-08 23,000 19,000 19,000 4 8 162 3
Feb-08 19,000 19,000 19,000 1 1 10 1
300% 300% Mar-08 - - 19,000 - - - -
Jakarta Composite Index
Apr-08 22,000 20,000 22,000 44 76 1,524 10
Miscellaneous Industry Index
Closing Price May 08
May-08 26 000
26,000 19 000
19,000 26 000
26,000 31 34 785 7
240% 240% Jun-08 26,500 20,000 20,000 25 39 847 11
Jul-08 20,000 19,000 19,100 13 28 535 8
Aug-08 22,000 19,500 21,500 15 29 582 10
180% 180%
Sep-08 21,600 19,500 19,500 9 15 302 5
Oct-08 20,000 19,500 19,750 5 9 170 4
120% 120% Nov-08 20,500 20,000 20,000 10 21 421 4
Dec-08 20,500 20,500 20,500 1 3 51 1
Jan-00
60% 60%
Jan-09 - - 20,500 - - - -

Feb-09 21,000 21,000 21,000 2 3 63 1

- -
Mar-09 21,500 21,500 21,500 4 40 672 3
Apr-09 25,500 25,000 25,000 2 2 51 1
May-09 41,000 25,000 39,000 26 28 762 7
-60% -60% Jun-09 37,350 23,000 30,150 17 11 328 9
Jan 06 Jan 07 Jan 08 Jan 09 Jan 10 Jul-09 - - 30,150 - - - -

Aug-09 29,900 24,500 29,900 3 2 40 3

Sep-09 32,500 29,000 32,500 3 6 176 2
SHARES TRADED 2006 2007 2008 2009 Aug-10 Oct-09 30,000 26,000 30,000 7 5 126 5
Volume (Million Shares) 1 1 0.3 0.1 0.4 Nov-09 26,500 25,000 26,500 4 2 40 4
Value (Billion Rp) 13 8 5 2 18 Dec-09 36,000 30,000 36,000 3 2 69 3
Frequency (X) 89 130 158 71 27 Jan-00
Days 48 69 64 38 21 Jan-10 36,000 36,000 36,000 1 1 18 1
Feb-10 - - 36,000 - - - -

Price (Rupiah) Mar-10 30,000 29,000 30,000 2 1 30 2

High 15,900 23,000 26,500 41,000 58,000 Apr-10 30,150 30,000 30,150 7 2 45 5
Low 12,250 12,000 19,000 21,000 29,000 May-10 30,150 30,150 30,150 4 252 7,598 2
Close 14,000 23,000 20,500 36,000 58,000 Jun-10 51,950 36,150 48,000 6 4 156 6
Close* 14,000 23,000 20,500 36,000 58,000 Jul-10 57,500 45,000 57,500 5 22 1,031 3
Aug-10 58,000 58,000 58,000 2 161 9,229 2
PER (X) 9.03 13.54 1.69 9.04 24.73 Sep-10
PER Industry (X) 9.61 7.41 2.32 6.55 2.75 Oct-10
PBV (X) 0.96 1.49 0.98 1.55 2.49 Nov-10
Dec-10
* Adjusted price after corporate action
Sepatu Bata Tbk. [S] BATA
Financial Data and Ratios
Public Accountant : Purwantono, Sarwoko & Sandjaja (Member of Ernst & Young Global Limited) Book End : December

BALANCE SHEET Dec-2006 Dec-2007 Dec-2008 Dec-2009 Mar-2010

TOTAL ASSETS AND LIABILITIES
(Million Rp except Par Value) (Billion Rupiah)
Cash & Cash Equivalents 4,619 50,240 5,219 9,789 7,290 438
R
Receivable
i bl 18
18,569
569 21,635
21 635 17,066
17 066 22,666
22 666 30,118
30 118 Assets
350 Liabilities

Inventories 119,441 134,153 169,324 153,761 159,337

Current Assets 185,152 251,649 243,818 242,303 256,939 263

Fixed Assets 68,222 66,262 139,021 155,768 160,574

175
Other Assets 18,087 14,168 21,061 18,608 19,076
Total Assets 271,461 332,080 401,901 416,679 436,589
88
Growth (%) 22.33% 21.03% 3.68% 4.78%
-
Current Liabilities 63,851 109,667 110,429 103,019 122,122 2006 2007 2008 2009 Mar-10
Long Term Liabilities 17,523 14,713 18,354 12,317 9,340
Total Liabilities 81,374 124,381 128,782 115,335 131,463
Growth (%) 52.85% 3.54% -10.44% 13.98% TOTAL EQUITY (Billion Rupiah)

301 305
Minority Interest - - - - - 305

273
Authorized Capital 20,000 20,000 20,000 20,000 20,000
Paid up Capital 13,000 13,000 13,000 13,000 13,000
244

208
190
Paid up Capital (Shares) 13 13 13 13 13
183

Par Value 1,000 1,000 1,000 1,000 1,000

Retained Earnings 174,827 192,440 260,118 288,344 292,126 122

Total Equity 190,087 207,700 273,118 301,344 305,126

Growth (%) 9.27% 31.50% 10.33% 1.26% 61

INCOME STATEMENTS Dec-2006 Dec-2007 Dec-2008 Dec-2009 Mar-2010

-

2006 2007 2008 2009 Mar-10

Total Revenues 428,630 493,717 539,762 598,466 125,135
Growth (%) 15.19% 9.33% 10.88%

TOTAL REVENUES (Billion Rupiah)

Expenses 244,811 274,023 301,240 322,782 67,454
Gross Profit 183,818 219,695 238,522 275,684 57,681 598
598

540
Operating Expenses 147,517 158,001 182,420 200,726 51,787
494
Operating Profit 36,301 61,694 56,103 74,958 5,894 479
429
Growth (%) 69.95% -9.06% 33.61%
359

Other Income (Expenses) -3,893 -7,755 172,651 -3,280 -195

Income before Tax 32,409 53,939 228,754 71,678 5,698
239

Tax 12,248 19,361 71,191 18,697 1,916 125

120

Minority Interest - - - - -
Net Income 20,161 34,578 157,563 52,981 3,782 -

Growth (%) 71.51% 355.68% -66.37% 2006 2007 2008 2009 Mar-10

RATIOS Dec-2006 Dec-2007 Dec-2008 Dec-2009 Mar-2010

Current Ratio (%) 289.98 229.47 220.79 235.20 210.39 NET INCOME (Billion Rupiah)
Dividend (Rp) 775.00 7,958.00 816.00 2,158.00 - 158
EPS (Rp) 1,550.83 2,659.82 12,120.21 4,075.43 290.93 158

BV (Rp) 14,622.07 15,976.89 21,009.10 23,180.30 23,471.23

DAR (X) 0.30 0.37 0.32 0.28 0.30
126

DER(X) 0.43 0.60 0.47 0.38 0.43

95

ROA (%) 11.94 16.24 56.92 17.20 1.31

ROE (%) 17.05 25.97 83.76 23.79 1.87 63 53
GPM (%) 42.89 44.50 44.19 46.07 46.10 35
OPM (%) 8.47 12.50 10.39 12.53 4.71 32
20
NPM (%) 4.70 7.00 29.19 8.85 3.02 4

Payout Ratio (%) 49.97 299.19 6.73 52.95 -

-

Yield ((%)) 5.54 34.60 3.98 5.99 - 2006 2007 2008 2009 Mar-10