COMPANY REPORT

BMRI
BANK MANDIRI (PERSERO) TBK.

Company Profile

PT Bank Mandiri (Persero) Tbk. was formed on October 2, 1998 as part of the government
of Indonesias bank restructuring program. Bank Mandiri is the largest bank in Indonesia.

To support the achievement of the vision of Bank Mandiri To be Indonesias most admired
and progressive financial institution Bank Mandiri changing the structure of its
organization into Strategic Business Units (SBU). The SBU is consists of three major groups,
namely:
1. Business Units,
2. Corporate Center,
3. Shared Services.

As of December 31st, 2013 the Bank had 12 regional offices, 70 area offices, 992 branch
offices, 687 Mandiri Mitra Usaha offices, 301 cash outlets. PT Bank Mandiri (Persero) Tbk.
has several branch offices in overseas: Cayman Islands, Singapore, Hong Kong, Timor Leste
and Shanghai (RRC).

Bank Mandiri is well supported by its subsidiaries. There are, PT Bank Syariah Mandiri, PT
Usaha Gedung Mandiri, PT Bumi Daya Plaza, Bank Mandiri (Europe) Limited, PT Mandiri
Sekuritas, PT Bank Sinar Harapan Bali, PT Mandiri Tunas Finance, Mandiri International
Remittance Sendirian Berhad, PT AXA Mandiri Financial Services, and PT Mandiri AXA
General Insurance.

As of December 31st, 2013, Bank Mandiri employed 33,982 employees and operated 2,050
branches across Indonesia and 5 overseas branches.

January 2014

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.
 BMRI Bank Mandiri (Persero) Tbk.
COMPANY REPORT : JANUARY 2014 As of 30 January 2014
Main Board Individual Index : 1,310.768
Industry Sector : Finance (8) Listed Shares : 23,099,999,999
Industry Sub Sector : Bank (81) Market Capitalization : 200,969,999,991,300
7 | 201.0T | 4.63% | 37.94%

4 | 50.2T | 4.55% | 20.21%

COMPANY HISTORY SHAREHOLDERS (January 2014)

Established Date : 02-Oct-1998 1. Negara Republik Indonesia 14,000,000,000 : 60.00%
Listing Date : 14-Jul-2003 2. Public (<5%) 9,099,999,999 : 40.00%
Under Writer IPO :
PT Danareksa Sekuritas DIVIDEND ANNOUNCEMENT
PT ABN AMRO Asia Securities Indonesia Bonus Cash Recording Payment
F/I
Securities Administration Bureau : Year Shares Dividend Cum Date Ex Date Date Date
PT Datindo Entrycom 2003 50.00 16-Dec-03 17-Dec-03 19-Dec-03 30-Dec-03 I
Wisma Sudirman - Puri Datindo 2003 115.00 11-Jun-04 14-Jun-04 16-Jun-04 30-Jun-04 F
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220 2004 60.00 16-Dec-04 17-Dec-04 21-Dec-04 30-Dec-04 I
Phone : (021) 570-9009 2005 70.50 13-Jun-05 14-Jun-05 16-Jun-05 24-Jun-05
Fax : (021) 570-9026 2005 14.85 14-Jun-06 15-Jun-06 19-Jun-06 30-Jun-06 F
2006 70.02 19-Jun-07 20-Jun-07 22-Jun-07 29-Jun-07 F
BOARD OF COMMISSIONERS 2007 186.00 19-Jun-08 20-Jun-08 24-Jun-08 03-Jul-08 F
1. Edwin Gerungan *) 2008 88.55 26-May-09 27-May-09 29-May-09 12-Jun-09 F
2. Abdul Aziz 2009 19.26 02-Dec-09 03-Dec-09 07-Dec-09 22-Dec-09 F
3. Agus Suprijanto 2010 19.64 21-Dec-10 22-Dec-10 27-Dec-10 30-Dec-10 I
4. Gunarni Soeworo *) 2010 120.60 15-Jun-11 16-Jun-11 20-Jun-11 30-Jun-11 F
5. Krisna Wijaya *) 2011 104.97 15-May-12 16-May-12 22-May-12 05-Jun-12 F
6. Pradjoto *) 2012 199.33 26-Apr-13 29-Apr-13 01-May-13 16-May-13 F
7. Wahyu Hidayat 2013 234.05 26-Mar-14 27-Mar-14 01-Apr-14 15-Apr-14 F
*) Independent Commissioners
ISSUED HISTORY
BOARD OF DIRECTORS Listing Trading
1. Budi Gunadi Sadikin No. Type of Listing Shares Date Date
2. Abdul Rachman 1. First Issue 2,900,000,000 14-Jul-03 14-Jul-03
3. Fransisca Nelwan Mok 2. Company Listing 16,900,000,000 T: 14-Jul-03 : 30-Dec-03
4. Hery Gunardi 3. MSOP Conversion 598,938,831 T: 26-Jul-04 : 09-Jan-07
5. Kresno Sediarsi 4. Partial delisting 1 % -9,955,000 06-Dec-05 06-Dec-05
6. Ogi Prastomiyono 5. MSOP Conversion I & II 32,316,636 T: 11-Dec-06 : 15-Dec-06
7. Pahala Nugraha Mansury 6. MSOP Conversion I 10,547,213 T: 21-Mar-07 : 16-Jul-08
8. Riswinandi 7. MSOP Conversion I, II & III 105,564,065 T: 10-May-07 : 02-Jun-08
9. Royke Tumilaar 8. MSOP Conversion I & III 129,311,724 T: 14-May-07 : 28-May-08
10. Sentot A. Sentausa 9. MSOP Conversion II & III 32,126,466 T: 14-Nov-07 : 19-May-10
11. Sunarso 10. MSOP Conversion III 86,224,280 T: 19-Nov-07 : 16-Dec-10
11. MSOP Conversion II & III 1,376,402 T: 17-Dec-08 : 08-May-09
AUDIT COMMITTEE 12. MSOP Conversion II 44,125 02-Jun-10 02-Jun-10
1. Gunarni Soeworo 13. Right Issue 2,313,505,257 02-Mar-11 02-Mar-11
2. Agus Suprijanto
3. Budi Sulistio
4. Krisna Wijaya
5. Wahyu Hidayat

CORPORATE SECRETARY
Nixon L.P. Napitupulu

HEAD OFFICE
Plaza Mandiri
Jln. Jend. Gatot Subroto Kav. 36 - 38
Jakarta - 12190
Phone : (021) 529-13321, 300-23166
Fax : (021) 526-3460

Homepage : www.bankmandiri.co.id
Email : cma@bankmandiri.co.id
 BMRI Bank Mandiri (Persero) Tbk.
TRADING ACTIVITIES
Closing Price* and Trading Volume
Bank Mandiri (Persero) Tbk. Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2010 - January 2014 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
12,000 2,400 Jan-10 4,950 4,500 4,675 22,719 491,391 2,332,239 20
Feb-10 4,725 4,150 4,475 20,417 535,563 2,390,152 19
10,500 2,100 Mar-10 5,650 4,400 5,350 26,160 798,081 3,951,369 22
Apr-10 5,800 4,950 5,800 28,179 1,028,306 5,408,909 21
May-10 5,850 4,700 5,350 27,917 770,414 4,037,840 19
9,000 1,800
Jun-10 6,100 5,100 6,000 22,274 581,387 3,297,928 22
Jul-10 6,300 5,600 6,000 23,214 509,689 3,041,572 22
7,500 1,500
Aug-10 6,100 5,450 5,900 22,731 441,460 2,596,339 21
Sep-10 7,250 5,800 7,200 26,623 500,635 3,241,511 17
6,000 1,200
Oct-10 7,200 6,600 7,000 27,983 539,179 3,698,200 21
Nov-10 7,250 6,350 6,400 22,119 374,801 2,610,067 21
4,500 900 Dec-10 6,900 6,100 6,500 27,959 499,676 3,283,238 20

3,000 600 Jan-11 6,900 5,350 5,950 59,751 1,408,041 8,314,520 21

Feb-11 6,250 5,350 5,800 44,183 2,993,290 16,377,961 18
1,500 300 Mar-11 6,800 5,700 6,800 53,774 1,286,491 7,886,597 23
Apr-11 7,250 6,550 7,150 36,842 775,150 5,336,328 20
May-11 7,350 6,800 7,200 31,537 804,177 5,712,250 21
Jun-11 7,250 6,700 7,200 32,742 542,273 3,787,371 20
Jan-10 Jan-11 Jan-12 Jan-13 Jan-14
Jul-11 8,150 7,150 7,850 34,821 878,996 6,697,558 21
Aug-11 8,100 6,650 6,850 55,412 949,354 6,871,060 19
Sep-11 7,300 5,100 6,300 75,984 1,284,590 8,041,492 20
Closing Price*, Jakarta Composite Index (IHSG) and Oct-11 7,300 5,500 7,150 63,194 1,009,050 6,473,321 21
Finance Index Nov-11 7,400 6,300 6,400 63,227 893,643 6,122,844 22
January 2010 - January 2014 Dec-11 7,000 6,200 6,750 46,300 693,425 4,597,460 21
140%
Jan-12 7,150 6,600 6,700 38,879 724,875 4,954,614 21
120% Feb-12 6,750 6,000 6,450 76,926 1,462,741 9,269,521 21
Mar-12 6,950 6,350 6,850 45,324 984,952 6,573,813 21
100% Apr-12 7,400 6,800 7,400 24,798 676,326 4,780,291 20
May-12 7,450 6,650 6,900 23,052 615,116 4,369,398 21
87.8%
80% 79.6%
Jun-12 7,350 6,550 7,200 24,789 420,561 2,956,044 21
71.6% Jul-12 8,300 6,850 8,300 30,999 586,543 4,352,468 22
Aug-12 8,600 7,350 7,800 26,979 398,429 3,208,709 19
60%
Sep-12 8,300 7,600 8,200 31,515 480,997 3,812,109 20
Oct-12 8,400 7,900 8,250 23,531 473,867 3,854,682 22
40%
Nov-12 8,900 8,150 8,250 25,336 417,060 3,548,485 20
Dec-12 8,450 7,700 8,100 38,789 660,905 5,339,337 18
20%

Jan-13 9,050 8,000 9,050 36,696 517,167 4,358,835 21

- Feb-13 10,150 8,700 10,050 33,818 567,187 5,224,978 20
Mar-13 10,050 9,450 10,000 38,478 570,412 5,577,493 19
-20% Apr-13 10,750 9,800 10,500 33,768 525,014 5,402,910 22
Jan 10 Jan 11 Jan 12 Jan 13 Jan 14 May-13 10,550 9,700 9,700 47,425 748,146 7,579,728 22
Jun-13 9,900 8,250 9,000 68,921 871,631 7,848,472 19
Jul-13 9,050 7,450 8,900 68,683 837,483 7,032,852 23
SHARES TRADED 2010 2011 2012 2013 Jan-14 Aug-13 8,900 6,250 7,100 67,391 1,083,003 8,108,305 17
Volume (Million Sh.) 7,071 13,518 7,902 8,627 650 Sep-13 10,300 6,550 7,950 73,619 1,026,893 8,219,662 21
Value (Billion Rp) 39,889 86,219 57,019 74,504 5,509 Oct-13 8,950 8,050 8,600 59,726 755,875 6,413,599 21
Frequency (Thou. X) 298 598 411 638 76 Nov-13 8,600 7,350 7,650 67,113 754,337 5,883,592 20
Days 245 247 246 244 20 Dec-13 8,000 7,300 7,850 41,923 370,112 2,853,587 19

Price (Rupiah) Jan-14 9,525 7,600 8,700 76,373 650,120 5,508,866 20

High 7,250 8,150 8,900 10,750 9,525
Low 4,150 5,100 6,000 6,250 7,600
Close 6,500 6,750 8,100 7,850 8,700
Close* 6,392 6,750 8,100 7,850 8,700

PER (X) 14.81 12.62 11.63 10.73 11.89

PER Industry (X) 16.00 6.61 6.58 17.01 18.74
PBV (X) 3.29 2.51 2.47 2.19 2.42
* Adjusted price after corporate action
 BMRI Bank Mandiri (Persero) Tbk.
Financial Data and Ratios Book End : December
Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)

BALANCE SHEET Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Cash on Hand 8,867,881 9,521,713 11,357,523 15,286,190 19,051,934 737,500

Placements with Other Banks 41,402,410 28,914,035 51,393,062 48,238,225 45,113,834

18,153,392 27,247,529 12,002,918 10,769,775 26,802,548 590,000
Marketable Securities
Loans 184,690,704 232,545,259 298,988,258 370,570,356 450,634,798
442,500
Investment 186,848 7,218,361 38,785 11,366,225 616,821
Fixed Assets 4,963,306 5,527,000 6,589,594 7,002,690 7,645,598
295,000
Other Assets 3,812,265 5,384,797 7,249,901 7,339,965 8,908,732
Total Assets 394,616,604 449,774,551 551,891,704 635,618,708 733,099,762 147,500
Growth (%) 13.98% 22.70% 15.17% 15.34%
-
Deposits 330,336,908 369,842,016 397,046,488 456,854,700 521,439,569 2009 2010 2011 2012 2013
Taxes Payable 1,855,829 1,408,798 761,737 2,662,421 2,126,864
Fund Borrowings 3,944,356 5,634,838 11,703,498 11,608,832 15,997,188
Other Liabilities 9,132,586 10,338,954 15,378,187 13,002,765 14,166,214 TOTAL EQUITY (Bill. Rp)
Total Liabilities 359,318,341 407,704,515 489,237,296 559,085,843 644,309,166 88,791
Growth (%) 13.47% 20.00% 14.28% 15.24% 88,791

76,533

Authorized Capital 16,000,000 16,000,000 16,000,000 16,000,000 16,000,000

70,677

62,654

Paid up Capital 10,485,058 10,498,247 11,666,667 11,666,667 11,666,667

41,543
52,564

Paid up Capital (Shares) 20,970 20,996 23,333 23,333 23,333

35,109
Par Value 500 500 500 500 500 34,451

Retained Earnings 17,858,633 24,442,177 33,505,527 46,079,465 59,631,998

Total Equity 35,108,769 41,542,808 62,654,408 76,532,865 88,790,596 16,337

Growth (%) 18.33% 50.82% 22.15% 16.02%

-1,776

2009 2010 2011 2012 2013

INCOME STATEMENTS Dec-09 Dec-10 Dec-11 Dec-12 Dec-13
Total Interest Income 32,598,964 33,931,650 37,730,019 42,550,442 50,208,842
Growth (%) 4.09% 11.19% 12.78% 18.00%
TOTAL INTEREST INCOME (Bill. Rp)

Interest Expenses 15,821,849 14,413,041 15,954,037 15,019,850 17,432,216 50,209

5,484,363 8,432,817 11,768,351 11,897,822 14,686,637

50,209

Other Operating Revenue 42,550

Other Operating Expenses 10,009,867 12,074,973 16,312,021 18,913,028 21,500,987 37,730
33,932
39,966

Income from Operations 10,434,478 13,742,020 16,348,933 19,625,447 23,551,711 32,599

Growth (%) 31.70% 18.97% 20.04% 20.01% 29,724

Non-Operating Revenues 389,596 230,142 163,102 878,821 510,126

19,481

Income Before Tax 10,824,074 13,972,162 16,512,035 20,504,268 24,061,837

Provision for Income Tax 3,625,586 4,602,936 3,816,150 4,460,650 5,231,903
9,238

Profit for the period 7,198,488 9,369,226 12,695,885 16,043,618 18,829,934 -1,004

Growth (%) 30.16% 35.51% 26.37% 17.37% 2009 2010 2011 2012 2013

Period Attributable 7,198,488 9,218,298 12,246,044 15,504,067 18,203,753

Comprehensive Income 7,155,464 9,474,023 12,479,456 16,256,581 17,996,086 PROFIT FOR THE PERIOD (Bill. Rp)
Comprehensive Attributable - 9,323,095 12,029,615 15,717,030 17,369,905
18,830
18,830

16,044
RATIOS Dec-09 Dec-10 Dec-11 Dec-12 Dec-13
Dividend (Rp) 19.26 140.24 104.97 199.33 234.05 14,989

12,696
EPS (Rp) 343.27 439.04 524.83 664.46 780.16
9,369
1,674.23 1,978.56 2,685.19 3,279.98 3,805.31
11,147

BV (Rp)
7,198
DAR (X) 0.91 0.91 0.89 0.88 0.88 7,306

DER(X) 10.23 9.81 7.81 7.31 7.26

ROA (%) 1.82 2.08 2.30 2.52 2.57 3,465

ROE (%) 20.50 22.55 20.26 20.96 21.21

OPM (%) 32.01 40.50 43.33 46.12 46.91
-377

2009 2010 2011 2012 2013

NPM (%) 22.08 27.61 33.65 37.70 37.50
Payout Ratio (%) 5.61 31.94 20.00 30.00 30.00
Yield (%) 0.41 2.16 1.56 2.46 2.98