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Paparan Publik / Public Expose

27th April 2018


 Company Profile
Profil Perseroan

 Operational Performance 2017


Kinerja Operasi 2017

 Projected Performance 2018


Proyeksi Kinerja 2018

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• TANGGAL PENDIRIAN 1972
• DATE OF ESTABLISHMENT

• BER-OPERASI SECARA KOMERSIAL


1974
• STARTING COMMERCIAL ACTIVITIES

• PENCATATAN DI BURSA
• STOCK EXCHANGE REGISTRATION 1990

• BIDANG USAHA INDUSTRI TEKSTIL DAN PAKAIAN JADI DENGAN FOKUS


• BUSSINESS LINES SAAT INI PAKAIAN JADI/ TEXTILE AND GARMENT
INDUSTRY WITH FOCUS ON GARMENT

• KANTOR PUSAT AXATOWER (KUNINGAN CITY) LANTAI 43


• REGISTERED OFFICE JL. PROF. DR. SATRIO KAV.18, KUNINGAN, SETIABUDI
JAKARTA 12940

SPAZIO BUILDING LANTAI 3, UNIT 319-321


• KANTOR ADMINISTRASI GRAHA FESTIVAL KAV.3 – GRAHA FAMILY. JL. MAYJEN
• ADMINISTRATION OFFICE YONO SOEWOYO
SURABAYA 60216, INDONESIA

• PABRIK JL. RAYA SOEKARNO-HATTA No. 23


• FACTORY KOTA PROBOLINGGO 67212, INDONESIA

Company Profile
Profil Perseroan 3
PT. ERATEX DJAJA
Tbk

PT. ERATEX
PT. ERATEX GARMENT
(HONGKONG) Ltd
99 %
100 %

Company Profile
Profil Perseroan 4
Shareholders Share %

PT. Buana Indah Garments 1,227,082,192 95.38%

Public holders 59,457,600 4.62%

Total 1,286,539,792 100%

4.62%

PT. Buana Indah


Garments
Public holders
95.38%

Company Profile
Profil Perseroan 5
Shareholders Share %

PT. Buana Indah Garments 1,227,082,192 95.38%

Public holders 59,457,600 4.62%

Total 1,286,539,792 100%

4.62%

PT. Buana Indah


Garments
Public holders
95.38%

Company Profile
Profil Perseroan 6
Market
Period Highest (Rp) Lowest (Rp) Closing (Rp) Volume (Share) Value Rp (million) Capitalization Rp
(million)

2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017

Q1 1,170 173 905 122 1,120 150 5,036,800 256,400 5,291 37 180,116 192,981

Q2* 1,450 1,100 1,450 70,700 83 233,185

Q2** 240 208 185 116 226 122 78,800 740,800 18 105 290,758 156,958

136,464,
Q3 278 236 176 115 200 145 769,200 153 23,795 257,308 186,548
800

59,858,
Q4 220 177 155 108 165 118 466,400 82 9,504 212,279 151,812
600

*Before stock split 29th June 2016/Sebelum Stock Split 29 Juni 2016
** After stock split 29th June 2016/Setelah Stock Split 29 Juni 2016

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Value Rp
2017 Highest (Rp) Lowest (Rp) Closing (Rp) Volume (Share)
(full amount)

January 170 140 170 46,600 7,300,500


February 173 122 173 86,100 11,217,000
March 173 128 150 123,700 18,208,300
April 208 122 165 294,500 45,039,700
May 162 128 130 242,700 34,748,800
June 148 116 122 203,600 25,490,700
July 236 115 136 58,381,200 11,439,946,200
August 178 130 153 53,521,800 8,649,998,000
September 162 125 145 24,561,800 3,705,430,900
October 177 135 139 54,504,800 8,786,135,200
November 147 131 135 3,223,100 450,622,600
December 146 108 118 2,130,700 267,096,400

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9
in thousand USD

71,671

72,000

71,500 70,555

71,000

70,500

70,000 69,182

69,500

69,000

68,500

68,000

67,500
2015 2016 2017

Company Profile
Profil Perseroan 10
REGION 2017 2016
USA 47.10% 44.79%
EUROPE 8.40% 8.35%
JAPAN 39.60% 38.76%
OTHER COUNTRIES* 4.30% 7.73%
LOCAL 0.60% 0.38%
TOTAL 100.00% 100.00%
* Export to China, Hong Kong, Korea, Mexico

4.30% 0.60%

USA
47.10%
39.60% EUROPE
JAPAN
OTHER COUNTRIES*
LOCAL

8.40%

Company Profile
Profil Perseroan 11
BUYER 2017 (US$ )
Ann Taylor 10,186

VF-Wrangler & Lee 10,748

VF-Nautica 579

Polo Ralph Lauren 15,860

Sojitz 29,075

Others* 5,224
5,224 10,186

Ann Taylor
10,748 VF-Wrangler & Lee
29,075 VF-Nautica

15,860 579 Polo Ralph Lauren


Sojitz
Others*

Company Profile
Profil Perseroan 12
Sales increased due to increase in sewing capacity in 2017%

Pre-operative cost (wages during training period) relating to capacity expansion and low productivity
during learning curve for new workers increased operational cost

Due to market fluctuations existing buyers gave huge volumes of new products with complex washes
which increased operational challenges resulting into high wastages and affected profitability
temporarily.

Due to operational challenges, deliveries slide from the target, resulting into higher airfreight & sales
cost.

Shipments to buyer from Japan & USA increased.

All preparations complete for next level of expansion in capacity in 2018.

Operational Performance
Kinerja Operasi 13
Company invested substantially to bring automation in Laundry operations. Expected to start from Q-2,
2018

Primaniyarta awards received for ‘Best Exporter’ category

Company got awards from two of its prestigious buyers as “best “ in Social compliances and
sustainability.

Focus on training remained top priority to increase skill levels of workers.

Overall a year of growth and improvement which will help company to sustain in the coming years

Operational Performance
Kinerja Operasi 14
in thousand USD

2017 2016 2015

PENDAPATAN 71,671 70,555 69,182 REVENUE

LABA KOTOR 3,308 6,409 9,041 GROSS PROFIT

LABA USAHA (685) 3,176 6,110 OPERATING PROFIT

LABA (RUGI) BERSIH (1,762) 1,559 5,267 NET PROFIT (LOSS)

Operational Performance
Kinerja Operasi 15
in thousand USD
2017 2016 2015
JUMLAH ASET LANCAR 28,014 21,464 26,716 CURRENT ASSETS
JUMLAH ASET TIDAK NON CURRENT
31,245 31,195 26,275
LANCAR ASSETS
TOTAL ASET 59,259 52,659 52,991 TOTAL ASSETS
JUMLAH LIABILITAS
26,956 16,920 21,234 CURRENT LIABILITIES
LANCAR
JUMLAH LIABILITAS NON CURRENT
14,426 15,738 14,621
JANGKA PANJANG LIABILITIES
TOTAL LIABILITAS 41,382 32,658 35,855 TOTAL LIABILITIES
TOTAL EKUITAS 17,877 20,001 17,136 TOTAL EQUITY

Operational Performance
Kinerja Operasi 16
in thousand USD

2017 2016 2015


JUMLAH ASET
28,014 21,464 26,716 CURRENT ASSETS
LANCAR
JUMLAH ASET TETAP 29,567 29,899 25,500 FIXED ASSETS
JUMLAH ASET
1,678 1,296 775 OTHER ASSETS
LAINNYA
TOTAL ASET 59,259 52,659 52,991 TOTAL ASSETS

Operational Performance
Kinerja Operasi 17
in thousand USD

29,567 29,899
28,014 26,716
25,500
21,464

CURRENT ASSETS
FIXED ASSETS
OTHER ASSETS

1,678 1,296 775

2017 2016 2015

Operational Performance
Kinerja Operasi 18
2017 2016 2015

RATIO LANCAR 1.04 1.27 1.26 CURRENT RATIO

TOTAL LIABILITAS/TOTAL TOTAL LIABILITAS/TOTAL


0.70 0.62 0.68
ASSET ASSET

TOTAL LIABILITAS/TOTAL TOTAL LIABILITY/TOTAL


2.31 1.63 2.09
EKUITAS EQUITY

LABA BERSIH TERHADAP NET PROFIT OVER EQUITY


-9.9 7.80 30.73
EKUITAS (%) (%)

Operational Performance
Kinerja Operasi 19
in thousand USD
Projected 2017 2016
% % %
2018 ( Audited) (audited)
PENDAPATAN 75,200 100% 71,671 100% 70,555 100% REVENUE
GROSS
LABA KOTOR 5.966 8% 3,308 5% 6,409 9%
PROFIT
OPERATING
LABA USAHA 2,550 3% (685) -1% 3,176 4%
PROFIT
LABA (RUGI) NET PROFIT
1,590 2% (1,762) -2% 1,559 2%
BERSIH (LOSS)

Projected Performance
Proyeksi Kinerja 20
in thousand USD

Projected 2017 2017 ( Audited) Achievement in


VALUE % VALUE % 2017

PENDAPATAN 76,550 100% 71,671 100% 94% REVENUE


GROSS
LABA KOTOR 6,966 9% 3,308 5% 47%
PROFIT
OPERATING
LABA USAHA 3,445 5% (685) -1% -20%
PROFIT
LABA (RUGI)
1,684 2% (1,762) -2% -105% NET PROFIT
BERSIH

Projected Performance
Proyeksi Kinerja 21
Competition in garment business will remain tough from other countries. ( Bangladesh, Vietnam)

Reducing cost by bringing automation & increasing productivity will remain the key to remain
competitive

Retail market of our buyers is also getting competitive due to various online sale portals.

Demand of garments will remain there as it is linked with population which keeps on increasing

Increase in fabric mills in Indonesia will help reducing cost of garment produced in Indonesia

Indonesia is recognized as quality producer of garment which helps in attracting premium buyers.

Business is expected to flow from Bangladesh due to unusual wage hike demand by workforce in
Bangladesh which will increase their cost of operations

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Company’s existing buyer from Japan and USA has given higher projections for 2018

Q-1 sales is one of the highest for the Company.

Laundry automation will improve company’s capabilities to handle complex orders.

Technical Team will be further strengthened

Overall outlook for 2018 looks positive.

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