PT Budi Acid Jaya Tbk.

Head Ofce Wisma Budi 8th & 9th Floor Jl. HR. Rasuna Said Kav. C-6, Jakarta 12940 Phone (021) 521-3383, 525-1223 Fax (021) 521-3282, 521-3392, 520-5829 Telex: 60674 SUBUDI IA E-mail: budiacid@centrin.net.id Jl. Ikan Kakap No. 9/12, Bandar Lampung Phone (0721) 486-122 Fax (0721) 486-754, 482-683 - Jl. Lintas Timur Km.154 Kec. Menggala Kab. Lampung Utara - Jl. Raya Kotabumi Ketapang Kec. Sungkai Selatan Kab. Lampung Utara - Jl. Jurusan Kotabumi Km. 75 Kec. Terbanggi Besar Kab. Lampung Tengah - Jl. Jurusan Menggala Km. 73-74 Kec. Terbanggi Besar Kab. Lampung Tengah Fully Integrated Cassava Based Industry PMDN

Chemical and Allied Products Summary of Financial Statement

(Million Rupiah) 2008 2009 2010
Total Assets Current Assets of which Cash and cash equivalents Trade receivables Inventories Non-Current Assets of which Fixed Assets-Net Investments Deffered Tax Assets-Net Other Assets Liabilities Current Liabilities of which Bank Loans Trade payables Accrued Expenses Non-Current Liabilities Minority Interests in Subsidiaries Shareholders' Equity Paid-up capital Paid-up capital in excess of par value Retained earnings (accumulated loss) Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Profit Other Income (Expenses) Profit (Loss) before Taxes Profit (Loss) after Taxes Per Share Data (Rp) Earnings (Loss) per Share Equity per Share Dividend per Share Closing Price Financial Ratios PER (x) PBV (x) Dividend Payout (%) Dividend Yield (%) Current Ratio (x) Debt to Equity (x) Leverage Ratio (x) Gross Profit Margin (x) Operating Profit Margin (x) Net Profit Margin (x) Inventory Turnover (x) Total Assets Turnover (x) ROI (%) ROE (%) 1,698,750 713,029 143,395 164,503 239,894 985,721 971,180 2,100 7,042 n.a 1,050,659 680,717 171,096 67,286 10,333 369,942 29,241 618,850 469,368 96,486 52,996 1,551,987 1,331,548 220,439 84,944 135,495 (99,929) 35,566 32,981 1,598,824 536,438 57,829 207,021 165,289 1,062,386 1,054,857 2,100 552 4,504 816,201 469,833 214,329 86,915 15,375 346,368 38,583 744,040 469,596 96,486 177,958 1,782,132 1,520,875 261,257 107,381 153,876 24,541 178,417 146,415 1,967,633 835,607 177,762 284,689 293,639 1,132,026 1,117,614 12,054 34 2,075 1,165,623 811,791 457,153 105,237 12,433 353,832 39,300 762,710 471,383 96,486 194,841 2,124,381 1,881,605 242,776 108,026 134,750 (62,867) 71,883 46,130

Branch Ofce Factories

Business Company Status

Financial Performance: The Company booked net income amounted IDR 46 billion in 2010, lower than last year income worth IDR 146 billion. Brief History: PT Budi Acid Jaya Tbk ( the Company ) is one of the company under Sungai Budi Group ( SBG ). SBG was established in Lampung in 1947, just in few years after the Indonesians independency. Nowadays SBG grew into one of the largest business group within the agribusiness sector in Indonesia. The rst business of SBG was trading for coffee, black pepper, cassava chips and other agriculture commodities. Under the leadership of Mr. Widarto, as Chairman and Mr. Santoso Winata, as Deputy Chairman, SBG has been rapidly grown and performing its diversication outside Lampungs area especially in Java island as well as in other big cities in Indonesia. Nowadays, SBG is the main producer of tapioca starch as well as rice our, and one of the main player in the palm oil industry and its derivative products as well as series of products used as raw materials for food, paper, confectionery, chemicals and other industries. The Company was established in 1979. In its early years, the Company had 1 (one) citric acid factory only. In line with the growth of SBG and in accordance with SBGs plan to conduct Initial Public Offering over the Companys shares, then in order to increase its value added, the Company was reorganized into a producer of cassavabased products with its main products in forms of tapioca starch and citric acid. After passing through an extensive planning, in 1995 the Company conducted Initial Public Offering over its shares. And as of the time, all SBGs business expansion related with cassava always managed by the Company. As a result, nowadays the Company and its subsidiaries owned the following production facilities: 13 Tapioca starch factories 3 Citric acid factories 1 Sulphuric Acid factory 3 Plastic bag factories 1 Glucose factory 1 Glucose, fructose and malthodextrine factory 1 Glucose and sorbitol factory 2 Modied Tapioca Starch factories 1 MSG ( monosodium glutamate ) factory

9 165 n.a 130

39 198 9 220

12 202 5 220

14.80 0.79 n.a n.a 1.05 1.70 0.62 0.14 0.09 2.13 5.55 0.91 1.94 5.33

5.64 1.11 23.79 4.21 1.14 1.10 0.51 0.15 0.09 8.22 9.20 1.11 9.16 19.68

17.98 1.09 39.48 2.20 1.03 1.53 0.59 0.11 0.06 2.17 6.41 1.08 2.34 6.05

PER = 9.05x ; PBV = 1.17x (June 2011) Financial Year: December 31 Public Accountant: Johan Malonda Astika & Co. (2009); Mulyamin Sensi Suryanto (2010
(million rupiah) 2011 2010
1,731,000 969,000 724,000 938,648 17,026 0.98 2.35

Shareholders PT Sungai Budi PT Budi Delta Swakarya Treasury Stock (Bay Back) Public

25.73% 25.31% 1.56% 47.40%

Total Assets Liabilities Shareholders' Equity Net Sales Profit after Taxes ROI (%) ROE (%) in June

1,858,444 984,251 873,656 1,276,816 81,819 4.40 9.37

238

Indonesian Capital Market Directory 2011

PT Budi Acid Jaya Tbk.

Board of Commissioners President Commissioner Widarto Commissioners Oey Alfred, Daniel Kandinata

Chemical and Allied Products

Board of Directors President Director Santoso Winata Vice President Director Sudarmo Tasmin Directors Winoto Prajitno, Tan Anthony Sudirdjo, Sugandhi, Oey Albert, Djunaidi Nur Number of Employees 3,623
Listing Date
08-May-95 08-May-95 16-Aug-96 14-Aug-97 05-Jan-99 28-Sep-99 24-Feb-05 1-Aug-07 2008 2009 2010 10-Jan-11 25-Feb-11 4-Mar-11 13-Apr-11 9-May-11 8-Jun-11

No
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Type of Listing
First Issue Company Listing Bonus Shares Bonus Shares Additional Listing Stock Split Additional Listing Without Pre-emptive Rights Right Issue Warrant Warrant Warrant Warrant I Warrant I Warrant I Warrant I Warrant I Warrant I

Trading Date
08-May-95 30-Nov-95 16-Aug-96 14-Aug-97 05-Jan-99 28-Sep-99 24-Feb-05 1-Aug-07 2008 2009 2010 19-Jan-11 25-Feb-11 15-Mar-11 26-Apr-11 9-May-11 27-Jun-11

Number of Shares per Listing

30,000,000 70,000,000 100,000,000 50,000,000 12,500,000 787,500,000 181,500,000 2,463,000,000 146,139,833 1,826,500 14,294,666 121,500 450,000 2,003,000 1,525,500 699,000 2,856,830

Total Listed Shares

30,000,000 100,000,000 200,000,000 250,000,000 262,500,000 1,050,000,000 1,231,500,000 3,694,500,000 3,840,639,833 3,842,466,333 3,856,760,999 3,856,882,499 3,857,332,499 3,859,335,499 3,860,860,999 3,861,559,999 3,864,416,829

Underwriters PT Lippo Securities Tbk, PT Mandiri Sekuritas, PT Sinarmas Sekuritas Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization

Stock Price and Traded Chart

Stock Price (Rp) 300 Million Shares 40 35 30 200 25 20 15 10 50 5 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11

250

150

100

Institute for Economic and Financial Research

239