Alfa Retailindo Tbk ALFA

Company Report : January 2008 As of 31 January 2008

Main Board Individual Index : 431.818
Industry Sector : Trade, Services & Investment (9) Listed Shares : 468,000,000
Industry Sub Sector : Retail Trade (93) Market Capitalization : 1,111,500,000,000

COMPANY HISTORY SHAREHOLDERS (January 2008)

Established Date : 04-Aug-1989 1. PT Carrefour Indonesia 351,019,450 75.00%
Listing Date : 18-Jan-2000 2. PT Sigmantara Alfindo 93,605,000 20.00%
Under Writer IPO :
PT Ciptadana Sekuritas DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Bonus Cash Cum Ex Recording Payment
PT Adimitra Transferindo Year Shares Devidend Date Date Date Date F/I
Nusalanggeng Building 2nd Fl. Jl. Perintis Kemerdekaan 2000 7.00 26-Jul-01 27-Jul-01 03-Aug-01 22-Aug-01 F
Komplek Pertokoan Pulo Mas Blok VIII No. 1 Jakarta Timur 13210 2001 9.00 18-Jul-02 19-Jul-02 24-Jul-02 07-Aug-02 F
Phone : 4788-1515 (Hunting) 2002 11.00 18-Jul-03 21-Jul-03 23-Jul-03 05-Aug-03 F
Fax : 470-9697
ISSUED HISTORY
BOARD OF COMMISSIONERS Listing Trading
1. Djoko Susanto Type of Listing Shares Date Date
2. Octavianus Hakin M. Hanapie *) 1. First Issue 100,000,000 18-Jan-00 18-Jan-00
*) Independent Commissioners 2. Company Listing 368,000,000 T : 18-Jan-00 : 17-Aug-00

BOARD OF DIRECTORS
1. Rullyanto Loekman
2. Achmad Moestajab
3. Maria Theresia Velina Yulianti
4. Maria Theresia Velina Yulianti
5. Surjadi Budiman
6. Tan Joseph Hadilianto

AUDIT COMMITTEE
1. Octavianus Hakin Matius Hanpi
2. Lucia Hadisurya
3. Wafayu

CORPORATE SECRETARY
Surjadi Budiman

HEAD OFFICE:
Jl. Lodan No. 80 - 81
Jakarta - 14430
Phone : (021) 690-9080, 690-9085
Fax : (021) 690-1310

Homepage : http://www.alfa-retail.co.id/
Email : surjadi_budiman.alfa@sampoerna.co.id

research and product development

D I V I S I O N 1
Alfa Retailindo Tbk ALFA
TRADING ACTIVITIES
CLOSING PRICE* AND TRADING VOLUME
ALFA RETAILINDO TBK Closing Price Freq. Volume Value
JANUARY 2003 - DECEMBER 2007 Month High Low Close (X) (Thou. Sh) (Million Rp) Day
2,450 350 Jan-03 825 725 750 41 277 206 13
Feb-03 750 700 725 27 252 181 10
Mar-03 700 700 700 26 172 120 4
2,100 300
Closing Price*

Apr-03 725 675 675 207 1,996 1,392 15

May-03 775 675 750 244 2,479 1,840 13
1,750 250 Jun-03 750 675 700 180 28,609 21,245 19
Jul-03 825 675 825 238 4,111 2,987 15
Aug-03 1,000 775 950 257 3,108 2,797 18
1,400 200
Sep-03 1,350 950 1,300 370 3,669 4,046 20
Oct-03 1,300 1,125 1,225 84 1,096 1,303 17

Volume (Million Shares)

1,050 150 Nov-03 1,250 1,150 1,250 18 159 188 7
Dec-03 1,250 1,150 1,250 4 5 6 2
Jan-00 - - - - - - -
700 100
Jan-04 1,225 1,125 1,150 14 68 78 4
Feb-04 1,150 1,150 1,150 1 2 2 1
350 50 Mar-04 - - 1,150 - - - -
Apr-04 1,000 850 950 4 14 13 3
May-04 - - 950 - - - -
- - Jun-04 975 900 975 36 114 109 20
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07
Jul-04 975 975 975 15 58 56 10
Aug-04 1,025 975 1,000 7 41 40 4
Sep-04 1,050 875 900 459 3,725 3,596 18
CHANGE OF CLOSING PRICE, Oct-04 950 850 875 410 2,843 2,534 20
TRADE INDEX AND JAKARTA COMPOSITE INDEX
Nov-04 925 875 925 133 852 768 16
JANUARY 2003 - DECEMBER 2007
Dec-04 1,200 900 1,000 269 1,841 1,835 15
600% 600%
Jan-00 - - - - - - -
Jan-05 1,050 920 1,000 56 566 565 11
500% 500% Feb-05 1,010 920 970 176 1,971 1,927 14
Mar-05 1,000 910 1,000 48 300 289 11
Jakarta Composite Index Apr-05 1,140 1,000 1,030 48 362 370 13
400% Trade Index 400%
May-05 1,000 1,000 1,000 1 25 25 1
Closing Price
Jun-05 1,050 950 1,000 7 46 45 5
300% 300% Jul-05 1,190 1,000 1,100 20 520 531 6
Aug-05 1,250 1,050 1,250 6 17 14 3
Sep-05 1,660 1,200 1,660 29 90 117 7
200% 200%
Oct-05 1,580 1,300 1,580 16 214 278 3
Nov-05 1,900 1,160 1,850 61 694 965 9
100% 100% Dec-05 2,000 1,900 1,900 2 9 17 1
Jan-00 - - - - - - -
Jan-06 1,800 1,600 1,700 7 10 18 2
0 0
Feb-06 1,450 1,340 1,340 8 25 35 3
Mar-06 1,180 1,060 1,150 7 10 11 2
-100% -100% Apr-06 1,100 1,050 1,090 7 29 29 2
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 May-06 1,100 1,010 1,010 13 35 38 4
Jun-06 - - 1,010 - - - -
Jul-06 1,070 1,000 1,000 22 4,701 4,899 3
SHARES TRADED 2003 2004 2005 2006 2007 Aug-06 1,100 1,050 1,100 3 6 6 3
Volume (Million Sh) 46 10 5 388 20 Sep-06 1,510 1,120 1,460 112 312,118 451,894 17
Value (Billion Rp) 36 9 5 534 35 Oct-06 1,510 1,460 1,510 20 159 235 8
Frequency (X) 1,696 1,348 470 251 159 Nov-06 1,520 1,000 1,000 43 49,535 59,908 15
Days 153 111 84 63 49 Dec-06 1,450 1,200 1,450 9 21,567 17,263 4
Jan-00 - - - - - - -
Price (Rupiah) Jan-07 1,020 1,020 1,020 2 26 26 2
High 1,350 1,225 2,000 1,800 2,300 Feb-07 1,320 1,310 1,320 2 3 3 1
Low 675 850 910 1,000 1,020 Mar-07 1,200 1,200 1,200 1 5 6 1
Close 1,250 1,000 1,900 1,450 2,100 Apr-07 1,320 1,320 1,320 1 1 1 1
Close * 1,250 1,000 1,900 1,450 2,100 May-07 1,320 1,320 1,320 2 11 14 2
Jun-07 1,740 1,320 1,740 41 337 507 9
PER (X) 78.13 92.34 89.43 17.37 43.03 Jul-07 2,200 1,680 1,900 54 5,203 9,010 13
PER Industry (X) 21.94 10.84 9.39 18.25 12.81 Aug-07 2,100 1,700 2,000 32 14,251 25,683 10
PBV (X) 1.83 1.46 2.70 1.84 2.55 Sep-07 2,100 1,670 1,670 5 3 5 3
*) Adjusted price after corporate action Oct-07 1,870 1,710 1,870 6 6 10 2
Nov-07 2,100 2,100 2,100 2 2 4 1
Dec-07 2,300 2,100 2,100 11 46 99 4

research and product development

D I V I S I O N 2
Alfa Retailindo Tbk ALFA
Financial Data and Ratios
Public Accountant : Purwantono, Sarwoko & Sandjaja (Ernst & Young) Book End : December

BALANCE SHEET Dec-2003 Dec-2004 Dec-2005 Dec-2006 Sep-2007

TOTAL ASSETS AND LIABILITIES
(Million Rp except Par Value) (in Billion Rupiah)
Cash & Cash Equivalents -9 8 50,682 101,574 127,757 875
Accounts Receivable 34,792 45,128 42,576 51,946 49,779 Assets Liabilities
700
Inventories 201,087 230,456 209,853 215,922 260,596
Current Assets 318,334 346,346 317,565 381,552 457,244 525

Fixed Assets 336,994 380,546 382,343 328,292 323,890

350
Other Assets 2,042 2,835 2,371 5,051 2,663
Total Assets 663,015 742,487 719,830 744,926 823,096
175
Growth (%) 11.99% -3.05% 3.49% 10.49%

0
Current Liabilities 188,169 259,610 229,340 207,400 266,640 2003 2004 2005 2006 Sep-07
Long Term Liabilities 154,954 162,637 160,264 168,214 170,014
Total Liabilities 343,123 422,247 389,604 375,614 436,654
Growth (%) 23.06% -7.73% -3.59% 16.25% TOTAL EQUITY (in Billion Rupiah)

386
Minority Interest 373 366 409 421 423 386
369
320 330
Authorized Capital 630,000 630,000 630,000 630,000 630,000 320
Paid up Capital 234,000 234,000 234,000 234,000 234,000 309

Paid up Capital (Shares) 468 468 468 468 468

232

Par Value 500 500 500 500 500

Retained Earnings 81,732 82,088 92,031 131,105 148,233 154

Total Equity 319,518 319,874 329,817 368,891 386,019

Growth (%) 0.11% 3.11% 11.85% 4.64% 77

INCOME STATEMENTS (Million Rp)

2003 2004 2005 2006 Sep-07
Total Revenues 3,614,851 3,265,440 3,363,877 3,624,924 2,410,356
Growth (%) -9.67% 3.01% 7.76%
TOTAL REVENUES (in Billion Rupiah)
Expenses 3,404,601 3,051,386 3,116,035 3,396,528 2,240,702
3,615 3,625
Gross Profit 210,250 214,054 247,842 228,396 169,654 3,625
3,364
3,265
Operating Expenses 209,073 212,362 246,162 315,373 227,611
Operating Profit 1,177 1,692 1,680 15,885 11,672 2,900

2,410
Growth (%) 43.77% -0.72% 845.75%
2,175

Other Income (Expenses) 5,061 -248 3,151 18,559 -243

1,450

Income before Tax 6,238 1,444 4,830 34,444 11,429

Tax -1,258 -3,617 -5,156 -4,642 -5,701
725

Minority Interest - - -43 -11 -3

Net Income 7,487 5,068 9,943 39,074 17,128 0

Growth (%) -32.30% 96.18% 292.97% 2003 2004 2005 2006 Sep-07

RATIOS
Current Ratio (%) 169.17 133.41 138.47 183.97 171.48 TOTAL INCOME (in Billion Rupiah)
Dividend (Rp) - - - - - 39
EPS (Rp) 16.00 10.83 21.25 83.49 36.60 39

BV (Rp) 682.73 683.49 704.74 788.23 824.83

31

DAR (X) 0.52 0.57 0.54 0.50 0.53

DER(X) 1.07 1.32 1.18 1.02 1.13 23

ROA (%) 0.94 0.19 0.67 4.62 1.39 17

ROE (%) 1.95 0.45 1.46 9.34 2.96 16

GPM (%) 5.82 6.56 7.37 6.30 7.04 10

7
OPM (%) 0.03 0.05 0.05 0.44 0.48 8 5
NPM (%) 0.21 0.16 0.30 1.08 0.71
0
Payout Ratio (%) - - - - -
2003 2004 2005 2006 Sep-07
Yield (%) - - - - -

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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 Jakarta 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.

research and product development

D I V I S I O N 3