Indonesia Stock Exchange · 2018. 5. 3. · 48 Laporan Direksi Report from the Board of Directors 58 Profil Direksi Profile of TheBoard of Directors Ikhtisar highlights Daftar Isi

06 Informasi bagi Pemegang Saham Information For Shareholders

08 Ikhtisar Data Keuangan Summary of Financial Data

12 Visi dan Misi Kami Our Vision and Mission

18 Sejarah Perusahaan Company Milestones

22 Peristiwa Penting 2017 2017 Event Highlights

26 Struktur Organisasi Organization Structure

34 Laporan Dewan Komisaris Report of the Board of Commissioners

40 Profil Dewan Komisaris Profile of The Board of Commissioners

48 Laporan Direksi Report from the Board of Directors

58 Profil Direksi Profile of The Board of Directors

Ikhtisar

highlights

Daftar Isi

Contents

Profil perusahaan

company profile

Laporan manajemenmanagement report

66 Tinjauan Opersional Operational Review

90 Kinerja Keuangan Financial Performance

100 Keberlanjutan dan Tanggung Jawab Sosial Perusahaan Sustainability and CSR

112 Struktur GCG GCG Structures

131 Sekretaris Perusahaan Corporate Secretary

135 Manajemen Risiko Risk Management

Analisa & pembahasan manajemen

management discussion & analysis

Tata kelola perusahaan

corporate governance

Pengesahan Laporan Tahunan

ratification of the annual report

Laporan keuangan

financial statements

144

147

2017 Annual Report PT. MULTI BINTANG INDONESIA Tbk.6

Ikhtisar

highlights

Profil perusahaan

company profile

Laporan manajemen

management report



SAHAM BEREDAR

OUTSTANDING SHARES

2017

KUARTAL | QUARTER TertinggiHighest

TerendahLowest

PenutupanClosing

VolumeVolume

Kapitalisasi PasarMarket Capitalization

(dalam Rp penuh / in full Rp amount) (dalam juta Rp / in million Rp)

Q1 11,950 11,400 11,692 1,881,600 24,634,342

Q2 12,275 11,650 11,925 1,850,300 25,125,975

Q3 14,550 12,000 13,233 2,151,700 27,882,633

Q4 15,000 13,350 14,033 1,141,400 29,568,233

Kurs Akhir | Closing rate 15,000 11,400 13,675

Total 7,025,000

2016

KUARTAL | QUARTER TertinggiHighest

TerendahLowest

PenutupanClosing

VolumeVolume

Kapitalisasi PasarMarket Capitalization

(dalam Rp penuh / in full Rp amount) (dalam juta Rp / in million Rp)

Q1 8,525 7,300 7,783 5,343,400 16,399,483

Q2 11,700 7,650 11,100 1,744,900 23,387,700

Q3 13,225 10,700 11,783 2,075,400 24,827,483

Q4 13,000 11,000 11,792 2,429,600 24,845,042

Kurs Akhir | Closing rate 13,225 7,300 11,750

Total 11,593,300

2,107,000,000 per 31 Desember 2017as of 31 December 2017

INFORMASI KHUSUS BAGI PEMEGANG SAHAM

SPECIFIC INFORMATION FOR SHAREHOLDER

2017 Annual Report PT. MULTI BINTANG INDONESIA Tbk. 7




ratification of Annual Report

Laporan keuangan


KINERJA SAHAM

SHARE PERFORMANCE

5,000,000

4,500,000

4,000,000

3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

14,000

15,000

13,000

12,000

11,000

10,000

9,000

8,000

7,000

6,000

5,000Jan 16 Feb 16 Mar 16 Apr 16 Mei 16 Jun 16 Jul 16 Ags 16 Sep 16 Okt 16 Nov 16 Des 16 Jan 17 Feb 17 Mar 17 Apr 17 Mei 17 Jun 17 Jul 17 Ags 17 Sep 17 Okt 17 Nov 17 Des 17

VolumeVolume

TertinggiHighest

TerendahLowest

Penutupan Closing

Saham (unit) RupiahShare (Unit)

VOLUMEVolume

TERTINGGIHighest

TERENDAHLowest

PENUTUPANClosing

KAPITALISASI PASARMarket Capitalization

Jan-16 537,100 8,525 7,450 7,600 16,013,200,000,000 Jan-16

Feb-16 4,516,000 8,150 7,300 7,900 16,645,300,000,000 Feb-16

Mar-16 290,300 8,000 7,400 7,850 16,539,950,000,000 Mar-16

Apr-16 780,500 11,000 7,650 10,750 22,650,250,000,000 Apr-16

Mei-16 772,900 11,600 10,200 11,500 24,230,500,000,000 May-16

Jun-16 191,500 11,700 10,550 11,050 23,282,350,000,000 Jun-16

Jul-16 805,300 11,300 10,700 11,150 23,493,050,000,000 Jul-16

Ags-16 723,700 11,700 10,750 11,200 23,598,400,000,000 Aug-16

Sep-16 546,400 13,225 11,100 13,000 27,391,000,000,000 Sep-16

Okt-16 267,900 13,000 11,800 12,100 25,494,700,000,000 Oct-16

Nov-16 1,146,500 12,325 11,000 11,525 24,283,175,000,000 Nov-16

Des-16 1,015,200 12,000 11,350 11,750 24,757,250,000,000 Dec-16

Jan-17 1,105,500 11,950 11,400 11,800 24,862,600,000,000 Jan-17

Feb-17 426,900 11,900 11,400 11,500 24,230,500,000,000 Feb-17

Mar-17 349,200 11,850 11,500 11,775 24,809,925,000,000 Mar-17

Apr-17 496,100 12,275 11,650 11,875 25,020,625,000,000 Apr-17

Mei-17 1,055,900 12,150 11,700 11,900 25,073,300,000,000 May-17

Jun-17 298,300 12,200 11,700 12,000 25,284,000,000,000 Jun-17

Jul-17 625,800 12,400 12,000 12,300 25,916,100,000,000 Jul-17

Ags-17 671,500 12,900 12,200 12,900 27,180,300,000,000 Aug-17

Sep-17 854,400 14,550 12,950 14,500 30,551,500,000,000 Sep-17

Okt-17 434,100 15,000 14,000 14,425 30,393,475,000,000 Oct-17

Nov-17 391,000 14,475 13,599 14,000 29,498,000,000,000 Nov-17

Des-17 316,300 13,975 13,350 13,675 28,813,225,000,000 Dec-17


Ikhtisar

highlights

Profil perusahaan

company profile

Laporan manajemen

management report



IKHTISAR DATA KEUANGAN

SUMARY OF FINANCIAL DATA

dalam juta Rp

2017 2016 2015 2014

in milion Rp12 months 12 months 12 months 12 months

Penjualan Bersih 3,389,736 3,263,311 2,696,318 2,988,501 Net sales

Laba Kotor 2,271,704 2,147,744 1,622,952 1,805,283 Gross Profit

Laba Usaha 1,785,753 1,375,332 719,548 1,146,368 Operating Profit

Laba Usaha, sebelum dikurangi dampak dari biaya tertentu yang tidak terjadi setiap tahun (sanksi cukai) 1,565,137 1,375,332 940,163 1,146,368

Operating Profit, before the impact of one time charge of exceptional item

(excise penalty)

Laba Sebelum Pajak 1,780,020 1,320,186 675,572 1,078,378 Profit Before Tax

Laba Bersih Tahun Berjalan 1,322,067 982,129 496,909 794,883 Net Income for the year

Laba Bersih Tahun Berjalan, sebelum dikurangi dampak dari biaya tertentu yang tidak terjadi setiap tahun (sanksi cukai) 1,101,451 982,129 662,369 794,883

Net Income for the year before the impact of one time charge of exceptional item

(excise penalty)

Laba Bersih yang dapat diatribusikan kepada: Net Profit attributable to:

Pemilik Entitas Induk 1,321,795 981,825 496,712 794,708 Owners of the Company

Kepentingan Non-Pengendali 272 304 197 175 Non-controlling interest

Total Penghasilan Komprehensif Lain 1,320,897 979,530 503,624 788,057 Other Comprehensive Income

Laba bersih dan jumlah laba rugi komprehensif yang dapat diatribusikan kepada:

Net Income and total comprehensive income attributable to:

Pemilik Entitas Induk 1,320,627 979,228 503,425 787,885 Owners of the Company

Kepentingan Non-Pengendali 270 302 199 172 Non-controlling interest

Laba dasar per Saham (dalam Rupiah penuh) 627 466 236 377

Basic earnings per share (in full Rupiah amount)

Modal Kerja Bersih (227,269) (425,003) (505,272) (772,307) Net Working Capital

Jumlah Aset 2,510,078 2,275,038 2,100,853 2,231,051 Total Assets

Jumlah Liabilitas 1,445,173 1,454,398 1,334,373 1,677,254 Total Liabilities

Jumlah Ekuitas 1,064,905 820,640 766,480 553,797 Total Equity

Rasio Total Penghasilan Komprehensif Lain Terhadap Jumlah Aset % 53% 43% 24% 35%

Other Comprehensive Income to Total Assets Ratio %

Rasio Total Penghasilan Komprehensif Lain Terhadap Jumlah Ekuitas % 124% 119% 66% 142%

Total Comprehensive Income to Total Equity Ratio %

Rasio Lancar % 68% 68% 58% 51% Current Ratio %

Rasio Jumlah LiabilitasTerhadap Jumlah Ekuitas % 136% 177% 174% 303% Total Liabilities to Total Equity Ratio %

Rasio Jumlah Liabilitas Terhadap Jumlah Aset % 58% 64% 64% 75% Total Liabilities to Total Assets Ratio %

Rasio Laba bersih tahun berjalan terhadap Pendapatan % 39% 30% 18% 27% Net Income for the year to Sales Ratio %

Efektif per tanggal 6 November 2014, saham Perseroan diperdagangkan dengan nilai nominal baru (stock split / pemecahan nilai nominal saham dari Rp1.000 menjadi Rp10).

Effective as of November 6, 2014, the Company’s shares traded at a new nominal value

(stock split from Rp1,000 to Rp10)






Laporan keuangan


PENJUALAN BERSIH LABA USAHANET SALES OPERATING PROFIT

4% 30%

PENJUALAN BERSIH (dalam miliar Rp) Net Sales (in billion Rp)

LABA USAHA (dalam miliar Rp) Operational Profit (in billion Rp)

LABA DASAR PER SAHAM (dalam Rp penuh)

Basic Earning Per Share (in full Rp amount)

LABA BERSIH TAHUN BERJALAN (dalam miliar Rp)

Net income for the Year (in billion Rp)

2017 2016 2015 2014

2014

2014

20142017 2016 2015 2017 2016 2015

2017 2016 2015

3,263 1,375

466 982

2,696 2,988 719

236 377

1,146

795497

3,390 1,786

627 1,322

FINANCIAL HIGHLIGHTS

ProfilPerusahaanCompany Profile


Ikhtisar

highlights

Profil perusahaan

company profile

Laporan manajemen

management report



VISI MISI

VISION MISSION

MisionMisiMenjadi perusahaan minuman Indonesia yang memiliki reputasi baik dan bertanggung jawab, dengan portofolio brand bir dan minuman ringan terkemuka.To be a reputable & responsible Indonesian beverage company, with a portfolio of leading beer and softdrink brands.

Visi Vision

WOW! INDONESIA melalui brand, karyawan dan kinerja.

WOW! INDONESIA with our brands, people, and performance.






Laporan keuangan


ValueNilai - nilai Budaya Perusahaan

Be AccountableCommunicate OpenlyCollaborate in Trust

ACT

Corporate Culture

Hasrat untuk kualitas dalam segalasesuatu yang kita lakukan.Passion for quality in everything we do.

Brand yang orang cintai.Brands that people love.

Menikmati hidup.Enjoyment of life.

Menghargai sesama dan bumi.Respect for people & planet.


Ikhtisar

highlights

Profil perusahaan

company profile

Laporan manajemen

management report



IDENTITAS PERUSAHAAN | COMPANY IDENTITYNama Perseroan | Company Name PT Multi Bintang Indonesia Tbk

Domisili | Domicile Jakarta Selatan, Indonesia South Jakarta, Indonesia

Tanggal Pendirian Date of Establishment

3 Juni 1929Berdasarkan Akta Notaris No.8 yang dibuat oleh Tjeerd Dijkstra, Notaris Umum di Medan, dengan nama N.V. Nederlandsch Indische Bierbrouwerijen. June 3, 1929Based on notarial deed No. 8 drawn up by Tjeerd Dijkstra, notary public in Medan, under the name N.V. Nederlandsch Indische Bierbrouwerijen.

Mulai Beroperasi secara Komersial Commencement of Commercial Operations

1931

Alamat Kantor Pusat Address of Head Office

Talavera Office Park 20th FloorJl. Let. Jend. TB Simatupang Kav. 22-26Jakarta 12430, IndonesiaPO BOX 3264 JKT, Jakarta 10032T 021-2783 3800F 021-7592 4617

Website Perseroan | Company website www.multibintang.co.id

KepemilikanOwnership

Heineken International BV 81.78%Publik | Public 18.22%

Informasi Pencatatan Saham Share listing information

Terdaftar di Bursa Efek Jakarta tanggal 12 Januari 2001 dan Bursa Efek Surabaya tanggal 5 Februari 2001.Listed on the Jakarta Stock Exchange from 12 January 2001 and on the Surabaya Stock Exchange from 5 February 2001.

Pada 30 November 2007, dilakukan merger antara Bursa Efek Surabaya dan Bursa Efek Jakarta menjadi Bursa Efek Indonesia (BEI) dan sejak itu, saham Perseroan diperdagangkan di BEI, dengan kode MLBI.On 30 November 2007, the Surabaya Stock Exchange was merged with the Jakarta Stock Exchange to become the Indonesia Stock Exchange (IDX) and since then, the Company’s shares have been traded on the IDX, under the code MLBI.

Modal Dasar | Authorized Capital 21,070,000,000

Modal Ditempatkan dan Disetor Penuh Issued and Fully Paid Up Capital

21,070,000,000

Aktivitas Bisnis Inti berdasarkan Anggaran Dasar Perseroan Core Business Activities according to the Articles of Association

Memproduksi minuman beralkohol (golongan A) dan minuman non-alkoholProduction of alcoholic beverages (Category A /golongan A) and non-alcoholic beverage

Jumlah karyawan | Number of employees 456 karyawan pada 2017 dan 442 karyawan pada 2016 456 employees in 2017 and 442 employees in 2016.

PROFIL PERSEROAN

COMPANY PROFILE

Sejarah Singkat PT Multi Bintang Indonesia Tbk memiliki riwayat yang kuat perihal produksi bir (brewing) dan minuman non-alkohol di Indonesia, selama 86 tahun terakhir.

Perseroan pada awalnya didirikan pada 1929 di Medan sebagai NV Nederlandsch-Indische Bierbrouwerijen. Membuka brewery pertama di Surabaya, yang mulai beroperasi secara komersial pada 21 November 1931. Lima tahun kemudian, pada 1936, Perseroan memindahkan domisili resminya dari Medan ke Surabaya, dan Heineken menjadi pemegang saham utama Perseroan. Hal ini kemudian mengubah nama Perseroan sehingga resmi menjadi N.V. Heineken’s Nederlandsch-Indische Bierbrouweerijen Maatschappij. Brewery ini ditutup selama Perang Dunia II, namun kembali beroperasi pada 1949, dengan memperkenalkan bir Heineken ke pasar Indonesia. Perseroan pun pada 1951 berganti nama menjadi Heineken’s Indonesische Bierbrouwerijen Maatschappij NV.

Pada 1972, Perseroan berganti nama menjadi P.T. Perusahaan Bir Indonesia, dan membangun brewery baru di Tangerang, yang mulai beroperasi pada tahun berikutnya, 1973.

History in BriefPT Multi Bintang Indonesia Tbk has a strong legacy of brewing and non-alcoholic beverage production in Indonesia, for the last 86 years.

The Company was originally established in 1929 in Medan as NV Nederlandsch-Indische Bierbrouwerijen. It opened its first brewery in Surabaya, commencing commercial operations on 21 November 1931. Five years later, in 1936, the Company moved its official domicile from Medan to Surabaya, and Heineken became the Company’s major shareholder. This resulted in a change of name, with the Company formally becoming N.V. Heineken’s Nederlandsch-Indische Bierbrouweerijen Maatschappij. The brewery closed briefly during World War II, but resumed operations in 1949, introducing Heineken beer to the Indonesian market. The Company was renamed in 1951, becoming Heineken’s Indonesische Bierbrouwerijen Maatschappij NV.

In 1972, the Company was renamed P.T. Perusahaan Bir Indonesia, and built a new brewery in Tangerang, which began operating the following year, in 1973.






Laporan keuangan


Pada 1 Januari 1981, Perseroan mengambil alih P.T. Brasseries de l’Indonesia, sebuah produsen bir dan minuman ringan yang berbasis di Medan. Kemudian di tahun yang sama, pada 2 September 1981, Perseroan merelokasi domisilinya ke Jakarta dan mengubah nama menjadi PT Multi Bintang Indonesia. Pada tahun yang sama, Perseroan menjadi perusahaan publik, mencatatkan sahamnya pada Bursa Efek Jakarta (BEJ) dan Bursa Efek Surabaya (BES). Saham Perseroan telah tercatat di Bursa Efek Indonesia (BEI) sejak berlangsungnya merjer antara BEJ dan BES pada Desember 2007.

Perseroan merelokasi usaha brewing Surabaya ke Sampangagung, Jawa Timur, pada 1997, membangun sebuah brewery moderen yang baru. Pada 2010, Asia Pacific Breweries Limited (APB) yang berbasis di Singapura mengakuisisi mayoritas saham Heineken International BV (HIBV) pada Perseroan. HIBV kemudian memperoleh kembali status sebagai pemegang saham utama Perseroan pada September 2013.

Pada 2004, Perseroan mendirikan entitas anak, PT Multi Bintang Indonesia Niaga, untuk menangani operasi penjualan dan pemasaran di Indonesia dan manca negara sebagai distributor utama Perseroan. Entitas anak perusahaan mulai beroperasi secara komersial pada 1 Januari 2005.

Pada 2014, Multi Bintang menginvestasikan sekitar Rp 210 miliar dalam sebuah pabrik yang canggih untuk meinuman non-alkohol di Sampangagung guna menunjang ekspansi usaha ke minuman non-alkohol dan minuman ringan. Produksi telah dimulai di pabrik pada Desember 2014.

Pada 2017, Multi Bintang mendirikan sebuah entitas anak baru, PT Tirta Prima Indonesia, untuk mempertajam fokus pada bisnis minuman non-alkohol Perseroan.

Multi Bintang menghasilkan produk-produk sebagai berikut: • Bir Bintang, merek bir ikonik dan paling digemari di

Indonesia;• Heineken®, merek bir premium internasional yang paling

bernilai di dunia; • Bintang Radler, minuman kombinasi unik Bir Bintang

dengan jus lemon alami yang tersaji dalam dua varian: Bintang Radler Lemon and Bintang Radler Grapefuit;

• Bintang Zero 0.0%, minuman malt non-alkohol pertama di Indonesia;

• Bintang Maxx 0.0%, minuman malt berkarbonasi dengan rasa bunga hop yang unik, tanpa kandungan alkohol;

• Bintang Radler Lemon 0.0%, sebuah minuman malt berkarbonasi bebas-alkohol dengan campuran jus lemon alami;

• Fayrouz, sebuah minuman soda dengan kombinasi unik malt, jus buah-buahan dan air yang berkilauan, tersedia dalam dua macam rasa, nanas dan pir.

• Green Sands, sebuah minuman ringan berkarbonasi yang tersedia dalam tiga cita-rasa berbasis citrus, Lime & Apple, Lime & Grape, dan Lime & Lychee.

• Heineken Light, bir rendah kalori dengan konten alkohol 3%.

Multi Bintang juga mengimpor:• Strongbow, brand cider terkemuka di dunia, yang tersedia

dalam dua varian: Gold Apple dan Elderflower.

Penjualan dan pemasaran seluruh produk tersebut ditangani oleh entitas anak Perseroan, PT Multi Bintang Indonesia Niaga, sebagai distributor utama.

On 1 January 1981, the Company took over P.T. Brasseries de l’Indonesia, a beer and soft drinks producer based in Medan. Later that year, on 2 September 1981, the Company relocated its domicile to Jakarta and changed its name to PT Multi Bintang Indonesia. In the same year, the Company went public, listing its shares on the (then) Jakarta Stock Exchange (JSX) and Surabaya Stock Exchange (SSX). The Company’s shares have been listed on the Indonesia Stock Exchange (IDX) since the merger of the JSX and SSX in December 2007.

The Company relocated its Surabaya brewing operation to Sampangagung, East Java, in 1997, building a new, modern brewery. In 2010, Singapore-based Asia Pacific Breweries Limited (APB) acquired Heineken International BV (HIBV)’s majority stake in the Company. HIBV later regained its status as the Company’s majority shareholder in September 2013.

In 2004, the Company established a subsidiary, PT Multi Bintang Indonesia Niaga, to handle the Company’s sales and marketing operations in Indonesia and abroad as the Company’s main distributor. The subsidiary began operating commercially on 1 January 2005.

In 2014, Multi Bintang invested around Rp210 billion in a state-of-the-art plant for non-alcoholic beverages in Sampang Agung to support its expansion into non-alcoholic beverages and soft drinks. Production began at the plant in December 2014.

In 2017, Multi Bintang established a new subsidiary, PT Tirta Prima Indonesia, to enable a sharper focus on the Company’s non-alcoholic beverages business.

Multi Bintang produces the following products: • Bintang beer, an iconic Indonesian brand and Indonesia’s

preferred beer;• Heineken®, the world’s most valuable international

premium beer brand; • Bintang Radler, a fusion of Bir Bintang and natural citrus

juice, available in two variants: Bintang Radler Lemon and Bintang Radler Orange;

• Bintang Zero 0.0%, Indonesia’s first non-alcoholic malt beverage;

• Bintang Maxx 0.0%, a carbonated malt beverage with a unique hop flavour and zero alcohol content;

• Bintang Radler Lemon 0.0%, an alcohol-free carbonated malt beverage mixed with natural lemon juice;

• Fayrouz, a unique malt-based soda with fruit juice and sparkling water, available in two variants, Pineapple and Pear;

• Green Sands, a carbonated soft drink available in three citrus-based flavours, Lime & Apple, Lime & Grape and Lime & Lychee;

• Heineken Light, a low-calorie beer with a 3% alcohol content.

Multi Bintang also imports:• Strongbow, the world’s leading cider brand, available in two

variants: Gold Apple and Elderflower.

The sale and marketing of all the products above is handled by Company’s subsidiary, PT Multi Bintang Indonesia Niaga, as the main distributor.


Ikhtisar

highlights

Profil perusahaan

company profile

Laporan manajemen

management report



ENTITAS ANAK:

PT Multi Bintang Indonesia NiagaTalavera Office Park Building, 20th FloorJl. Let. Jend. TB Simatupang Kav. 22-26Jakarta 12430Indonesia

PT Tirta Prima Indonesia Talavera Office Park Building, 20th FloorJl. Let. Jend. TB Simatupang Kav. 22-26Jakarta 12430Indonesia

Jaringan Lokasi/Kantor Perseroan

Breweries Jl. Daan Mogot Km 19,Tangerang 15122, IndonesiaT 021-27880800F 021-619 0190

Jl. Raya Mojosari-Pacet Km. 50,Sampang Agung, Kec. Kutorejo,Kab. Mojokerto, Jawa Timur, IndonesiaT 0321- 2800800F 0321- 592 508

Pabrik Minuman Non-alkohol

Jl. Raya Sampangagung, Kuripansari Km 1,Desa Sampang Agung, Kec. Kutorejo,Kab. Mojokerto, Jawa Timur, IndonesiaT 0321- 2800880F 0321- 592 508

SUBSIDIARY:

PT Multi Bintang Indonesia NiagaTalavera Office Park Building, 20th FloorJl. Let. Jend. TB Simatupang Kav. 22-26Jakarta 12430Indonesia

PT Tirta Prima Indonesia Talavera Office Park Building, 20th FloorJl. Let. Jend. TB Simatupang Kav. 22-26Jakarta 12430Indonesia

Company Network/Locations/Offices

Brewery Jl. Daan Mogot Km 19,Tangerang 15122, IndonesiaT 021-27880800F 021-619 0190

Jl. Raya Mojosari-Pacet Km. 50,Sampang Agung, Kec. Kutorejo,Kab. Mojokerto, Jawa Timur, IndonesiaT 0321- 2800800F 0321- 592 508

Non-Alcoholic Beverages Plant

Jl. Raya Sampangagung, Kuripansari Km 1,Desa Sampang Agung, Kec. Kutorejo,Kab. Mojokerto, Jawa Timur, IndonesiaT 0321- 2800880F 0321- 592 508

ENTITAS ANAK

SUBSIDIARY






Laporan keuangan


LEMBAGA DAN PROFESIONAL PENUNJANG PASAR MODAL

CAPITAL MARKET SUPPORTING INSTITUTIONS OR PROFESSIONALS

LEMBAGA DAN PROFESI PENUNJANG

PASAR MODAL

Biro Administrasi Efek:PT Sirca Datapro PerdanaJl. Johar No. 18MentengJakarta 10340, IndonesiaTel.: +62 21 3140032, 3900645Fax: +62 21 3140815, 3900652

Akuntan Publik Terdaftar: Satrio Bing Eny & RekanThe Plaza Office Tower, 32nd FloorJl. M.H. Thamrin Kav. 28 – 30Jakarta 10350, IndonesiaTel.: +62 21 29923100Fax: +62 21 29928200, 29928300

Bursa Efek:PT Bursa Efek IndonesiaIndonesia Stock Exchange BuildingTower I, 6th FloorJl. Jend. Sudirman Kav. 52 – 53 Jakarta 12190, IndonesiaTel.: +62 21 5150515Fax: +62 21 [email protected]

Total pengeluaran atas jasa lembaga dan profesi penunjang pasar modal diatas adalah Rp 2.094 juta

CAPITAL MARKET SUPPORTING

INSTITUTIONS AND PROFESSIONALS

Share Registrar:PT Sirca Datapro PerdanaJl. Johar No. 18MentengJakarta 10340, IndonesiaTel.: +62 21 3140032, 3900645Fax: +62 21 3140815, 3900652

Registered Public Accountant:Satrio Bing Eny & RekanThe Plaza Office Tower, 32nd FloorJl. M.H. Thamrin Kav. 28 – 30Jakarta 10350, IndonesiaTel.: +62 21 29923100Fax: +62 21 29928200, 29928300

Stock Exchange:PT Bursa Efek IndonesiaIndonesia Stock Exchange BuildingTower I, 6th FloorJl. Jend. Sudirman Kav. 52 – 53 Jakarta 12190, IndonesiaTel.: +62 21 5150515Fax: +62 21 [email protected]

The total expenditure for capital market supporting institutions and professionals was Rp 2,094 million


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SEJARAH PERSEROAN

MILESTONE

NV Nederlandsch Indische Bierbrouwerijen didirikan di Medan.

NV Nederlandsch Indische Bierbrouwerijen was established in Medan.

1929

1931Sebuah brewery greenfield dibuka di Surabaya dan mulai memproduksi “Java Beer”

A greenfield brewery was commissioned in Surabaya; production of “Java Beer” commenced.

1936

1949Brewery mulai beroperasi pasca Perang Dunia II dan memperkenalkan bir Heineken ke pasar.

The Brewery resumed operations after World War II and

introduced Heineken beer to the market.

1965Perseroan diambil-alih

oleh Pemerintah. The Company was nationalised by the Government.

1967Heineken memperoleh kembali kepemilikan Perseroan dan meluncurkan brand Bintang Baru.

Heineken regained ownership of the Company and launched the Bintang Baru brand.

1972Perseroan berganti nama menjadi PT Perusahaan Bir Indonesia. The Company was renamed PT Perusahaan Bir Indonesia.

1973Brewery baru di Tangerang mulai beroperasi.

The new brewery in Tangerang began operating.

1981

1992Brewery di Medan ditutup.

The brewery in Medan was closed.

1997Usaha brewing Surabaya di-relokasi ke brewery baru Perseroan di Sampangagung.

The Surabaya brewing operation was relocated to the

Company’s new brewery in Sampangagung.

2005PT Multi Bintang Indonesia Niaga didirikan untuk menangani penjualan dan pemasaran brand-brand Perseroan. Bir non-alkohol pertama dari Perseroan, Bintang Zero, diluncurkan. PT Multi Bintang Indonesia Niaga was established to handle the sales and marketing of the Company’s brands.The Company’s first non-alcoholic beer, Bintang Zero, was launched.

Brewery Medan ditutup.Heineken Group menjadi pemegang saham utama Perseroan dan mengganti nama menjadi N.V. Heineken’s Nederlandsch-Indische Bierbrouweerijen Maatschappij.

The Medan brewery closed.The Heineken Group became the Company’s main shareholder and renamed it N.V. Heineken’s Nederlandsch-Indische Bierbrouweerijen Maatschappij.

Perseroan menjadi perusahaan publik, dan dicatatkan sahamnya di Bursa Efek Jarta dan Surabaya sebagai PT Multi Bintang IndonesiaPerseroan mengambil alih PT Brasseries de L’Indonesie dan brewery-nya di Medan.

The Company went public, and was listed on the Jakarta and Surabaya Stock Exchanges as PT Multi Bintang Indonesia. The Company took over PT Brasseries de L’Indonesie and its brewery in Medan.






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Perseroan meluncurkan dua produk baru: • Heineken Light• Bintang Radler Orange

Perseroan mendirikan entitas anak

yang baru, PT Tirta Prima Indonesia, untuk mempertajam fokus pada bisnis

minuman non alkohol.

The Company launched two new

products:

• Heineken Light

• Bintang Radler Orange

The Company established a new

subsidiary, PT Tirta Prima Indonesia,

to allow for a sharper focus on the non-

alcoholic beverages business.

Asia Pacific Breweries Limited, Singapura menjadi pemegang saham utama PT Multi Bintang Indonesia Tbk.

Singapore’s Asia Pacific Breweries Limited became a major shareholder of PT Multi Bintang Indonesia Tbk.

2010

Heineken International BV kembali menjadi pemegang saham utama PT Multi Bintang Indonesia Tbk. Brewery Tangerang menuntaskan program upgrading teknisnya.

Heineken International BV once again became the majority shareholder of PT Multi Bintang Indonesia Tbk. The Tangerang Brewery completed a technical upgrade.

2013 2015

2016 20172014Perseroan membuka Pabrik

Minuman Non-alkohol di Sampangagung.

Bintang Radler diluncurkan.

The Company opened its Non-alcoholic

Beverages Plant in Sampangagung.

Bintang Radler was launched

Perseroan meluncurkan identitas baru, menampilkan logo ‘Spark’ yang cemerlang.

The Company launched its new identity, featuring the distinctive ‘Spark’ logo.

PT Multi Bintang Indonesia Tbk merayakan ulang tahun ke 85. Serangkaian produk baru diluncurkan: • Bintang Radler 0.0% • Bir non-alkohol baru,

Bintang 0.0% Maxx• Strongbow Gold

Apple Cider dan Strongbow Elderflower Cider

• Fayrouz, minuman berbasis soda dalam rasa pir dan nanas.

PT Multi Bintang Indonesia Tbk celebrated its 85th

anniversary. Several new products

were launched: • Bintang Radler 0.0% • A new

non-alcoholic beer, Bintang 0.0% Maxx

• Strongbow Gold Apple Cider and Strongbow Elderflower Cider

• Fayrouz, a malt-based soda in Pear and Pineapple flavours


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AWARDS DAN SERTIFIKASI

Awards and Certification

Multi Bintang meraih sejumlah award berikut selama 2017:

Corporate Governance Award(Economic Review Magazine) Multi Bintang Indonesia memperoleh Gold Award dan peringkat 7 dari perusahaan-perusahaan swasta di Indonesia, dalam Good Corporate Governance Awards tahun 2017.

Penghargaan Angka Kecelakaan Nihil (Gubernur Jawa Timur), Brewery Multi Bintang Sampangagung menerima penghargaan ini berkat mencatat rekor lebih dari 11 juta person work hours selama periode 1 Januari 2006 hingga 31 Oktober 2017 tanpa satu kecelakaan pun.

PROPER Award (Kementerian Lingkungan Hidup dan Kehutanan). Brewery Multi Bintang Tangerang menerima award PROPER dengan peringkat Hijau, menunjukkan bahwa Perseroan telah menerapkan manajemen lingkungan dan program keberlanjutan ‘di atas standar kepatuhan’.

Perusahaan Peduli Hijau Indonesia 2017 (majalah SWA dan Sri Kehati)

Corporate Social Responsibility Award (Economic Review Magazine) Multi Bintang berada di peringkat kedua dari seluruh perusahaan makanan dan minuman Indonesia pada Indonesia CSR Awards 2017.

Stellar Workplace Awards (Kontan dan PT GML Performance Consulting). Multi Bintang memenangkan tiga award:- Perlibatan yang Tinggi- Komitmen Karyawan- Kepuasan Karyawan.

Brand Indonesia Paling Bernilai (Brand Finance dan Majalah SWA). Bir Bintang berada di peringkat 64 dari seluruh brand Indonesia tahun 2017. Multi Bintang telah memperoleh award ini setiap tahun sejak 2013.

Perusahaan Publik Terbaik Indonesia SWA 100: Best Wealth Creator (Majalah SWA). Multi Bintang memperoleh peringkat 4 dalam kategori Makanan, Minuman dan Tembakau.

Top Issuer 2017 (Business Newa). Multi Bintang menerima award dalam kategori Makanan dan Minuman di Top Capital Market Awards 2017.

Penyumbang Bea Cukai Terbesar (Kantor Pajak Tangerang). Brewery Multi Bintang Tangerang meraih pengharaan atas kinerja pembayaran bea dan cukai tahun 2017.

Multi Bintang received the following awards in 2017:

Corporate Governance Award (Economic Review Magazine) Multi Bintang Indonesia received a Gold Award and was ranked 7th out of private companies in Indonesia at the 2017 Good Corporate Governance Awards.

Zero Accident Award (Governor of East Java) Multi Bintang’s Sampangagung Brewery received this award for logging more than 11 million person work hours over the period 1 January 2006 until 31 October 2017 without any accidents.

PROPER Award (Ministry of Environment and Forestry) Multi Bintang’s Tangerang Brewery received a PROPER Award with a Green Rating, indicating that the Company has performed ‘beyond compliance’ in its implementation of environmental management and sustainability programs.

Indonesia Green Concern Company 2017 (SWA Magazine and Sri Kehati)

Corporate Social Responsibility Award (Economic Review Magazine) Multi Bintang was ranked second out of all Food and Beverage companies in Indonesia at the 2017 Indonesia CSR Awards.

Stellar Workplace Awards (Kontan and PT GML Performance Consulting). Multi Bintang won three awards: • High Engagement • Employee Commitment • Employee Satisfaction.

Most Valuable Indonesian Brands (Brand Finance and SWA Magazine) Bintang Beer was ranked #64 out of all Indonesian brands in 2017. Multi Bintang has received this award every year since 2013.

SWA 100 Indonesia Best Public Companies 2017: Best Wealth Creator (SWA Magazine) Multi Bintang was ranked 4th in the Food, Beverage & Tobacco Category.

Top Issuer 2017 (BusinessNews) Multi Bintang received this award in the Food and Beverage Category at the Top Capital Market Awards 2017.

Largest Excise Duty Contributor (Tangerang Tax Office) Multi Bintang’s Tangerang Brewery award for its excise payment performance in 2016.






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Certificate of Merit (Kementerian Perindustrian). Brewery Sampangagung Multi Bintang memperoleh penghargaan atas partisipasinya dalam program pendidikan kejuruan pemerintah bagi para siswa SLA.

Pembaharuan Sertifikasi tahun 2017Brewery Tangerang menjalani audit PROPER dari Kementerian Lingkungan Hidup dan Kehutanan, dan memperoleh peringkat Hijau, menunjukkan kinerja unggul yang ‘melebihi standar kepatuhan’.

Certificate of Merit (Ministry of Industry) Multi Bintang’s Sampangagung Brewery was recognized for its participation in the government’s vocational education program for senior high school students.

Certification renewed in 2017: The Tangerang Brewery underwent a PROPER audit by the Ministry of Environment and Forestry, and was awarded a Green rating, indicating that performance goes ‘beyond compliance’.

JENIS SERTIFIKASICertification Type

PENERIMARecipient

MASA BERLAKUValidity period

LEMBAGA SERTIFIKASICertifying body

ISO 9001 (Sistem Manajemen Mutu)ISO 9001 (Quality Management

System)

Tangerang Brewery 15 September/September 2018 ISO Organisation (SGS)

FSSC 22000 (Sistem Keamanan Makanan)

FSSC 22000 (Food Safety System)

Tangerang Brewery 13 Februari/February 2020 ISO Organisation (SGS)

Laboratory Star System Tangerang Brewery, Two Star

25 Mei/May 2018 Heineken Global Supply Chain

PROPER (Manajemen Lingkungan dan Keberlanjutan)

PROPER (Environmental Manage-

ment and Sustainability)

Tangerang Brewery, GREEN rating 2016 – 2017 Kementerian Lingkungan Hidup dan KehutananMinistry of Environment and Forestry

ISO 14001

(Sistem Manajemen Lingkungan)

ISO 14001 (Environmental Manage-ment System)

Tangerang Brewery 15 September/September 2018 ISO Organisation

pSMK3 (Occupational Health & Safety Management System)

Tangerang Brewery, GOLD rating 14 Juli/July 2020 Ministry of Manpower and Trans-migration Menteri Tenaga Kerja dan Trans-migrasi


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03

PERISTIWA 2017

2017 Key Highlight

Jakarta International Java Jazz Festival 3, 4, 5 Maret 2017Bintang menjadi sponsor resmi Jakarta International Java Jazz Festival, salah satu dari festival jazz tahunan terbesar di dunia. Lebih dari 110,000 pecinta jazz dapat menikmati rasa istimewa Bintang sambil menonton lebih dari 100 artis lokal dan internasional.

Jakarta International Java Jazz Festival 3, 4, 5 March 2017Bintang was an official beer sponsor of Jakarta International Java Jazz Festival, one of the largest annual jazz festivals in the world. More than 110,000 jazz fans were able to enjoy the great taste of Bintang while watching over 100 leading local and international artists.

Armin Van Buuren World Tour March 2017Heineken partnered with Armin Van Buuren’s solo world tour, inviting more than 6,000 people to participate in this live EDM experience.

Armin Van Buuren World Tour Maret 2017Heineken bermitra dengan Armin Van Buuren’s solo world tour, mengundang lebih dari 6,000 orang untuk berpartisipasi menikmati pengalaman baru EDM live ini.

Liga Champions UEFA Maret-Mei 2017Sebagai mitra resmi ternama untuk Liga Champions UEFA, Heineken kembali menjamu lebih dari 20.000 pecinta bola Indonesia di event nonton bareng dalam pertandingan-pertandingan bersejarah untuk memperebutkan trophy sepakbola yang paling didambakan.

UEFA Champions League March-May 2017As the long-standing official partner for the UEFA Champions League, Heineken once again hosted over 20,000 Indonesian football fans at its legendary match-viewing events on the journey towards Europe’s most coveted football trophy.






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0506

0807

Kampanye Liburan Juni 2017Fayrouz meluncurkan kampanye digital bertajuk ‘Ramadhan Kaleem’ selama Ramadhan dan Lebaran, yang mencapai hingga 10 juta orang.

Mudik Asik Green Sands Green Sands mempersiapkan 20 lokasi Green Sands ‘Mudik’, yang memberi kesempatan kepada para pemudik Lebaran untuk beristirahat sambil mencicipi Green Sands dan menikmati fun activities.

Green Room Heineken®: Agustus & Oktober 2017Heineken memberi kesempatan kepada lebih dari 3000 pecinta musik untuk menikmati musik ‘lebih dari sekedar mendengarkannya’ di event tahunan Green Room.

Heineken® Green Room: August & October 2017Heineken gave more than 3000 music lovers a chance to experience music beyond just listening at the annual Green Room event.

Multi Bintang Indonesia bermitra dengan Pemkot Tangerang dan sejumlah pengusaha lokal dan multi nasional, LSM, serta kelompok komunitas setempat untuk menggelar kegiatan Aliansi Aliran Sungai Cisadane sekaligus program bersih-bersih sungai Cisadane.

Multi Bintang Indonesia partnered with the Tangerang City Government and several local and multinational businesses, NGOs, and local community groups to formally launch the Cisadane Watershed Alliance and clean up the Cisadane river at the same time.

Green Sands Mudik Asik Green Sands hosted 20 Green Sands “Mudik” spots, giving consumers travelling home for the Idul Fitri festivities a chance to take a break, sample a Green Sands and enjoy some fun activities.

Festive Campaign June 2017Fayrouz launched its digital “Ramadhan Kaleem” campaign during the month of Ramadhan and the Lebaran festive period, reaching around 10 million people.

Proyek Kolaborasi Bintang Mei 2017Bintang menggelar sejumlah musisi etnik terkemuka dan artis-artis yang sedang ‘naik daun’ dalam pertunjukan kolaborasi musik yang unik di 7 kota besar Indonesia.

Bintang Collaboration Project May 2017 Bintang brought together several leading ethnic musicians and up-and-coming artists in a unique live music collaboration in 7 major cities in Indonesia.


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Soundrenaline 2017 9-10 September 2017 Bintang mensponsori Soundrenaline 2017, ajang festival musik terbesar di Indonesia, yang menampilkan pertunjukan musisi lokal maupun internasional dari beragam genre.

Kampanye Color Escape FayrouzFayrouz merupakan salah satu dari minuman resmi acara Color Run Tahunan, dimana sekitar 20.000 runners berpartisipasi di dalamnya.

Festival UK/ID Strongbow, brand cider no 1 di dunia, merupakan minuman cider resmi untuk Festival UK/ID, hasil kerjasama dengan British Council. Festival mempersembahkan kolaborasi antara para artis dan seniman kreatif Inggris dan Indonesia.

Fayrouz Color Escape CampaignFayrouz was one of the official beverages for the annual Color Run, which saw some 20,000 colourful runners taking part on the day.

UK / ID FestivalStrongbow, the world’s No. 1 cider brand, was the official cider drink for the UK/ID Festival, in partnership with the British Council. The festival showcased collaborations between British and Indonesian artists and creatives.

Rejuvenasi DesainHeineken memperkenalkan identitas visual yang telah diperbaharui.

Design RejuvenationHeineken launched its rejuvenated visual identity.

Soundrenaline 2017 9-10 September 2017 Bintang sponsored Soundrenaline 2017, Indonesia’s largest music festival, which featured performances from both local and international musicians from a variety of genres.

09

10

Peluncuran Heineken LightKami meluncurkan Heineken Light, sebuah bir premium dengan kadar alkohol hanya 3%.

Heineken Light LaunchWe launched Heineken Light, a premium beer with an alcohol content of just 3%.






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Pembukaan Bintang Gallery Brewery Multi Bintang Sampangagung merayakan ulang tahun ke 20 dengan peresmian Galeri Bintang, dimana pengunjung dapat mengamati dan mempelajari lebih jauh tentang proses brewing, sejarah Multi Bintang dan kegiatan keberlanjutan Perseroan.

Green Sands di Jakcloth Green Sands mengambil peran di Jakcloth, salah satu dari even busana kawula muda di Indonesia. Lebih dari 450.000 remaja menghadiri event yang digelar di 10 kota ini

Green Sands at Jakcloth Green Sands took part Jakcloth, one of the biggest youth clothing events in Indonesia. More than 450,000 people attended the events in 10 different cities.

Bintang Gallery Opening Multi Bintang’s Sampangagung Brewery celebrated its 20th anniversary by inaugurating the Bintang Gallery, where visitors can see learn more about the brewing process, the history of Multi Bintang and the Company’s sustainability activities.

11Peluncuran Bintang Radler Orange Multi Bintang meluncurkan Bintang Radler Orange.

Bintang Radler Orange LaunchMulti Bintang launched Bintang Radler Orange.


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STRUKTUR ORGANISASI

ORGANIZATION STRUCTURE

Supply Chain - Controller

Process & Control Improvement Manager

ICT Manager

Commercial Business Controller

Tax Manager

Reporting & Accounting Manager

Legal Counsel

Sr. Strategic Buss Ctrl & Invs Rel Mgr

Stakeholders Relations Manager Sampangagung

Stakeholders Relations Manager Tangerang

Corporate Communication Manager

Corporate Sustainability Manager

Public and Regulatory Affairs Manager

Brewery Manager - Tangerang

Brewery Manager - Sampangagung

Central Purchasing Manager

SC Planning & Logistic Manager

Chin Kean Huat (Michael Chin) PRESIDENT DIRECTOR

CORPORATE SECRETARY

Bambang BritonoCORPORATE AFFAIRS DIRECTOR

Chew Boon HeeSUPPLY CHAIN DIRECTOR

Erik Pieter Mul FINANCE DIRECTOR






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Human Resources Manager - Tangerang Brewery

Human Resources Manager - Sampangagung Brewery

HR Manager Commercial

Health & Safety Manager

HR Operations Manager

People & Organization Development Manager

Regional Sales Manager - West

Regional Sales Manager - Central

Regional Sales Manager - East

National Key Account Manager

Trade Marketing Manager

Distributor Development Manager

Sales Training Manager

Sales Force Automation (SFA) Project Manager

Demand Planning Manager

Marketing Manager National

Marketing Manager International

Marketing Manager Shopper

Marketing Manager Services

PT MULTI BINTANG INDONESIA NIAGA

INTERNAL AUDIT MANAGER

Hning Wahyu WicaksonoHUMAN RESOURCES DIRECTOR

Rudy Hidayat SALES DIRECTOR

VACANT MARKETING DIRECTOR


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81.78%

18.22%Publik | Public

Heineken International BV

Pemegang Saham | Shareholders Jumlah SahamNumber of Shares %

Nilai NominalPar Value

Heineken International BV 1,723,151,000 81.78% 17,231,510,000

Public 383,849,000 18.22% 3,838,490,000

2,107,000,000 100% 21,070,000,000

KEPEMILIKAN MODAL DITEMPATKAN

PT MULTI BINTANG INDONESIA TBK SEBAGAI BERIKUT :

The ownership of the issued share capital of PT Multi Bintang Indonesia Tbk is as follows:

COMPOSITION OF SHAREHOLDERS

As per 31 December 2017, Heineken International B.V. owned 1,723,151,000 shares or 81.78% of the Company’s total shares. The remaining 18.22% of the shares was owned by the public (see table), with each shareholder owning less than 5% of the total shares.

No single group of public shareholders holds more than 5% of the total shares.

The Company’s Commissioners and Directors do not own any of the Company’s shares.

KOMPOSISI PEMEGANG SAHAM

Per 31 Desember 2017, Heineken International B.V. memiliki 1.723.151.000 saham atau 81,78% dari total saham Perseroan. Jumlah sisanya sebanyak 18,22% saham dimiliki oleh publik (lihat tabel), dengan masing-masaing pemegang saham memiliki kurang dari 5% dari total saham.

Tidak ada kelompok tunggal dari pemegang saham publik yang memiliki lebih dari 5% jumlah total saham.

Para Komisaris dan Direktur Perseroan tidak memiliki saham Perseroan.

INFORMASI KHUSUS BAGI PEMEGANG SAHAM

SPECIFIC INFORMATION FOR SHAREHOLDERS






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PEMEGANG SAHAM PUBLIK DENGAN KEPEMILIKAN DI BAWAH 5% (Per 31 Desember 2017)Public shareholders with holding of less than 5% (As per 31 December 2017)

Status Pemegang Saham

Total

% Shareholder StatusJumlah Pemegang Saham

Number of Shareholders

Total Jumlah Saham Number of Shares

Perorangan 1,231 40,616,500 1.92% Individual

Dana Pensiun 15 9,266,400 0.44% Pension fund

Asuransi 1 10,000 0.00% Insurance

Perseroan Terbatas 19 977,480 0.05% Limited Liability Company

Badan Usaha 31 284,160,820 13.49% Corporate Bodies

Bank 2 80,000 0.00% Commercial Bank

Reksadana 17 47,440,400 2.25% Mutual Fund

Yayasan 2 955,600 0.05% Social Institution

Lain-lain 7 341,800 0.02% Others

Total 1,325 383,849,000 18.22% Total

* Kepemilikan saham diatas 5% hanya dipegang oleh Heineken International B.V The only shareholder with a share of more than 5% is Heineken International B.V.

JENIS KEPEMILIKAN SAHAM (Per 31 Desember 2017)Type of Share ownership (As per 31 December 2017)

Tipe Kepemilikan Bersama

Total

% Type of ShareownershipJumlah Pemegang Saham

Number of Shareholders

Total Jumlah Saham Number of Shares

Institusi Lokal 63 59,071,680 2.80% Local Institution

Institusi Asing 32 2,007,311,820 95.27% Foreign Institution

Perorangan Lokal 1,225 40,258,800 1.91% Local Individual

Perorangan Asing 6 357,700 0.02% Foreign Individual

Total 1,326 2,107,000,000 100% Total

DEVIDEN

DIVIDEND

DIVIDEN YANG DIBAYARKAN DALAM 2 TAHUN TERAKHIRDividend payment in the last 2 years

TahunYear

Tahun BukuBook Year

Dividen/saham (Rp)Dividend/share (Rp)

Tanggal Pembayaran Payment Date

Jumlah Dividen (dalam jutaan Rp)

Total Dividend ( in Rp million)

2016 2015 Final 344 29 Juni/ June 2016 724,808

2016 Interim 95 26 Oktober / October 2016

200,165

2017 2016 Final 37118 Mei / May 2017 781,697

2017 Interim 140 28 November / November 2017

294,980


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HEINEKEN N.V

HEINEKEN INTERNATIONAL B.V

PT MULTI BINTANG INDONESIA Tbk HEINEKEN ASIA PACIFIC PTE LTD

PT MULTI BINTANG INDONESIA NIAGA

PT TIRTA PRIMA INDONESIA

PUBLIC

STRUKTUR KEPEMILIKAN

OWNERSHIP STRUCTURE

99.9%

81.78% 18.22%

0.10%

0.10%99.9%






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KRONOLOGI PENCATATAN SAHAM

CHRONOLOGY OF SHARE LISTING

Tanggal Date

Aksi KorporasiCORPORATE ACTION

Total Kenaikan/Penurunan Saham

TOTAL INCREASE/ DECREASE IN SHARE

Total SahamTotal share

4 November / November 1981

Penawaran Umum- Pemegang saham Indonesia yang sudah ada- Saham yang ditawarkan kepada masyarakat IndonesiaInitial Public Offering- Existing Indonesia Shareholders- Shares offered to Indonesian public

358,012 3,162,000 3,520,012

15 Desember / December 1981

Saham yang ditawarkan dalam Penawaran Umum Perdana dicatat-kan di bursa efekShares offered during IPO were listed at the stock exchange

3,520,012

12 Januari /Janu-ary 2001

Pencatatan saham Perseroan (Bursa Efek Jakarta)Company listing (Jakarta Stock Exchange)

17,549,988 21,070,000

5 Februari /Febru-ary 2001

Pencatatan saham Perseroan (Bursa Efek Surabaya)Company listing (Surabaya Stock Exchange)

10 Februari / February 2010

Transfer kepemilikan saham dari Heineken International BV ke Asia Pacific Breweries LtdTransfer of share ownership from Heineken International BV to Asia Pacific Breweries Ltd

21,070,000

23 September/ September 2013

Transfer kepemilikan saham dari Asia Pacific Breweries Ltd ke Heineken International BVTransfer of share ownership from Asia Pacific Breweries Ltd to Heineken International BV

21,070,000

6 November /November 2014

Pemecahan Saham dengan rasio 1:100Nilai nominal Rp 1.000 ke Rp 10Stock Split with ratio 1:100Par value Rp 1,000 to Rp 10

2,085,930,000 2,107,000,000

KRONOLOGIS PENCATATAN SAHAM DI BURSA EFEK INDONESIA

REGISTRATION OF SHARES ON THE INDONESIAN STOCK EXCHANGE

KRONOLOGIS PENCATATAN SURAT BERHARGA LAINNYA

OTHER SECURITIES LISTING CHRONOLOGY

Pada tanggal 4 November 1981 hingga 17 November 1981 Perseroan melakukan penawaran umum kepada masyarakat. Sejumlah 3.162.000 saham dengan nilai nominal Rp 1.000 per saham ditawarkan kepada masyarakat dengan harga Rp 1.570 per saham.

Pada 31 Desember 2016, Perseroan hanya mencatatkan sahamnya di Bursa Efek Indonesia. Tidak ada surat berharga lain yang diterbitkan oleh Perseroan di bursa efek manapun.

The Company’s initial public offering took place for the first time on 4 to 17 November 1981. The total of 3,162,000 shares with par value of Rp 1,000 per share was offered to the public at the price of Rp 1,570 per share

On 31 December 2016, the Company’s shares were listed only on the Indonesia Stock Exchange. The Company did not issue any other securities on any other exchange.

LaporanManajemenManajement Report


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“Penerapan strategi yang jitu dalam kondisi pasar yang rumit telah memungkinkan Perseroan untuk menghasilkan pendapatan yang meningkat (+4% dibandingkan 2016)”

Sound execution of the strategy in a difficult market

enabled the Company to deliver a record level of

revenue (+4% vs 2016).

TOWARDS A STAR COMPANY

SURAT DARI DEWAN KOMISARIS

Letter from the Board of Commisioners






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Para pemegang saham yang terhormat,

Saya berlega hati dapat melaporkan bahwa Perseroan kembali berhasil mewujudkan tahun dengan kinerja yang kuat pada 2017. Kendati menghadapi lingkungan eksternal yang penuh tantangan, pelaksanaan berbagai prakarsa efisiensi yang efektif telah membantu menunjang pertumbuhan pendapatan yang solid dan hasil keuntungan yang mantap. Bahkan, Perseroan telah melangkah maju dalam proses transformasinya untuk menjadi perusahaan multi-beverage dengan portofolio produk yang luas.

Implementasi strategis dan kinerja manajemen tahun 2017

Dengan kondisi perekonomian Indonesia yang terus mengalami pertumbuhan pada level tahunan sedikit di atas 5%, Perseroan menikmati iklim ekonomi yang stabil pada 2017, dengan indikator makroekonomi seperti nilai tukar mata-uang, tingkat bunga dan neraca pembayaran seimbang yang pada seluruh levelnya mendukung perkembangan ekonomi. Bahkan, pemerintah terus melakukan investasi dalam infrastruktur tanah air, yang sangat vital bagi perkembangan ekonomi, khususnya di luar kawasan ekonomi utama pulau Jawa. Namun demikian, pertumbuhan Perseroan mengalami perlambatan yang sebagian diakibatkan oleh keengganan kalangan konsumen Indonesia untuk berbelanja barang konsumsi, seperti yang secara nyata dialami semua perusahaan yang bergerak dalam bidang FMCG. Volume bisnis non-alkohol kami mengalami tekanan yang berat akibat dari tren tersebut, seiring dengan maraknya sentimen pasar.

Pesatnya ekspansi kunjungan wisatawan asing ke Indonesia, didorong oleh penghapusan kewajiban visa masuk untuk 169 negara di tahun 2016 seiring keberhasilan kampanye ‘Pesona Indonesia’, turut menunjang kinerja penjualan Perseroan di kawasan destinasi wisata utama tanah air. Namun demikian, liputan pers internasional yang meluas tentang risiko erupsi gunung berapi di Bali telah membawa dampak susutnya jumlah wisatawan yang berkunjung ke Indonesia hingga akhir tahun. Hal ini pada gilirannya menimbulkan tekanan terhadap kinerja operasional kami hingga akhir tahun

Strategi Perseroan tetap berfokus pada pelaksanaan transformasi Multi Bintang menjadi sebuah perusahaan multi-beverage. Untuk mewujudkannya, Perseroan meluncurkan serangkaian produk baru dalam kategori minuman beralkohol-rendah sekaligus mengembangkan portofolio minuman non-alkohol. Di bisnis inti bir, pengaruh dari peraturan pemerintah tahun 2015 yang

Dear respected shareholders,

It gives me great pleasure to report that the Company delivered another year of strong performance in 2017. Despite challenges in the external environment, strong execution on various efficiency initiatives helped to drive solid top-line and strong bottom-line growth. In addition, the Company made further advances in its transformation into a multi-beverage company with a broad product portfolio.

Strategic implementation and management performance in 2017

With the Indonesian economy continuing to grow at an annual rate just over 5%, the Company benefited from a more stable economic climate in 2017, with macroeconomic indicators such as the exchange rate, interest rate and current account balance all at levels supportive of economic development. In addition, the government continued to invest in Indonesia’s infrastructure, which is critical for economic development, especially outside the core economic zones on Java. However, the Company’s growth was slowed down to some extent by a hesitancy among Indonesian consumers to spend on consumer goods, as has been apparent to all companies active in the fast-moving consumer goods categories. The volumes in our non-alcoholic business were under particular pressure from this trend, in line with market sentiment.

The rapid expansion in foreign visitor arrivals to Indonesia, encouraged by the removal of visa requirements for 169 countries in 2016 and the successful ‘Wonderful Indonesia’ campaign, supported the Company’s sales performance in the country’s main tourist destinations. However, the extended international press coverage of the risk of a volcanic eruption on Bali had a downward effect on the number of tourists coming to Indonesia towards the end of the year. This in turn put pressure on our operating performance in the last months of the year.

The Company’s strategy remained focused on delivering Multi Bintang’s transformation into a multi-beverage company. To this end, the Company launched several new products in the low-alcohol category as well as developing the portfolio of non-alcoholic beverages. In the core beer business, the impact of the 2015 government regulation restricting the sale of alcoholic beverages in minimarts






Laporan keuangan


membatasi penjualan minuman beralkohol di minimart masih terasa saat kami terus mencermati peralihan dari sistem penjualan off-premise ke on-premise. Sesuai perkiraan, Perseroan mengalami penurunan signifikan dalam volume ekspor sebagai akibat dari pembukaan brewery Heineken di Dili, Timor-Leste.

Pelaksanaan strategi Direksi yang efektif di tengah kondisi pasar yang kompleks telah memungkinkan Perseroan untuk menorehkan prestasi pada level pendapatan (+4% dibanding 2016). Laba usaha yang melonjak naik dapat terwujud berkat pelaksanaan manajemen pendapatan yang cermat serta pengendalian biaya yang ketat, membuahkan pertumbuhan laba usaha sebesar 30% , yang juga mencakup dampak dari biaya luar-biasa yang terjadi satu kali, terkait dengan kasus peradilan pajak yang dimenangkan Perseroan pada 2017.

Fungsi pengawasan terhadap Direksi

Dewan Komisaris melaksanakan pengawasan terhadap manajemen Perseroan oleh Direksi sepanjang tahun 2017 melalui beberapa saluran. Kami melaksanakan enam kali rapat gabungan dengan Direksi selama tahun pelaporan, dengan membahas pengembangan dan pelaksanaan rencana serta prakarsa strategis Perseroan. Dalam serangkaian pertemuan tersebut kami memberikan pertimbangan dan rekomendasi tentang sejumlah risiko dan peluang yang berkembang. Bahkan, kami juga memberi advis berbasis kasus per kasus pada masalah-masalah dimana pengalaman dan pendapat kami dapat membantu Direksi dalam pengambilan keputusan mereka. Satu contoh kasus pada 2017 adalah pendirian entitas hukum terbaru dari Perseroan untuk minuman non-alkohol.

Peran serta Komisaris dalam Komite Audit dan Komite Remunerasi semakin memperkuat lapis pengawasan lebih lanjut. Pemutakhiran informasi mereka secara berkala kepada Dewan merupakan bagian penting dari tinjauan kami terhadap efektivitas dan integritas serta pelaksanaan audit internal dan eksternal, pengendalian, kepatuhan, pengungkapan informasi, manajemen risiko dan hubungan industrial.

Penerapan tata kelola perusahaan

Dewan Komisaris menghargai pentingnya tata kelola perusahaan yang baik dalam dunia masa kini, dan kami secara terus menerus mengevaluasi praktik tatakelola kami dengan tujuan untuk menjadikan Perseroan semakin transparan dan akuntabel bagi seluruh pemangku kepentingan. Salah satu kriteria yang kami gunakan

was still being felt as we continued to see a shift from off-premise to on-premise sales. As planned, the Company saw its export volumes drop significantly due to Heineken opening a brewery in Dili, Timor-Leste.

The Board of Directors’ sound execution of the strategy in a difficult market enabled to Company to deliver a record level of revenue (+4% vs 2016). A surge in operating profit was realised by a strong execution on revenue management as well as vigilant cost controls, leading to an operating profit growth of 30%, which also includes the impact of some one-off exceptional items relating to a tax court case that the Company won in 2017.

Supervision of the Board of Directors

The Board exercised oversight over the Board of Directors’ management of the Company in 2017 through a number of channels. We held six joint meetings with the Board of Directors during the year, at which we discussed the development and execution of the corporate strategic plans and initiatives. During these meetings we give our considerations and recommendations on emerging risks and opportunities. In addition, we also provide advice on a case-by-case basis in cases where our experience and opinions can assist the Board of Directors in their decision making. One such case in 2017 was the establishment of the Company’s new legal entity for non-alcoholic beverages.

The Commissioners’ participation on the Audit Committee and the Remuneration Committee provides a further layer of supervision. Their regular updates to the Board are an essential part of our review of the effectiveness and integrity of the Company’s internal and external audits, controls, compliance, disclosure, risk management and labour relations.

Implementation of corporate governance

The Board of Commissioners considers good corporate governance to be of the utmost importance in today’s world, and we constantly evaluate our governance practices with a view to making the Company more transparent and accountable to all our stakeholders. One of the measures we use to do this is the ASEAN Corporate Governance


Ikhtisar

highlights

Profil perusahaan

company profile

Laporan manajemen

management report





adalah ASEAN Corporate Governance Scorecard, yang diterima secara luas di seluruh Asia Tenggara sebagai benchmark yang dipercaya. Pada 2017, untuk tahun kedua berturut-turut, Perseroan termasuk dalam peringkat Top 50 perusahaan terbaik pada Scorecard dari seluruh perusahaan terbuka di Indonesia. Kami juga merasa bangga atas penghargaan Gold Award dari majalah Economic Review atas kualitas pelaporan tatakelola kami. Meskipun prestasi ini merupakan pembuktian atas struktur tatakelola yang sudah berjalan baik di Perseroan, kami mengakui bahwa masih ada ruang untuk penyempurnaan, dan kami terus menindak-lanjuti hasil temuan Scorecard maupun audit dan tinjauan internal kami.

Kami berbesar hati menyaksikan kemajuan yang dicapai Perseroan dalam melaksanakan agenda keberlanjutan korporasi. Salah satunya adalah pendirian Yayasan Sahabat Multi Bintang oleh Perseroan pada 2017 sebagai sarana yang lebih terfokus untuk memenuhi cita-cita kami tumbuh berkembang bersama masyarakat kami. Yayasan ini segera dirasakan manfaatnya dengan kemampuannya untuk menyediakan sarana WC umum dan air minum bagi para pengungsi di Bali yang dievakuasi dari rumah-rumah mereka akibat ancaman erupsi Gunung Agung.

Pandangan Dewan Komisaris terhadap prospek bisnis

Dengan fundamental ekonomi Indonesia yang semakin menguat serta kenaikan harga komoditas baru-baru ini, diprediksi akan terjadi akselerasi pada pertumbuhan GDP hingga mencapai sedikit di atas 5%. Investasi publik dan swasta diharapkan dapat menunjang pertumbuhan ekonomi, khususnya apabila program infrastruktur pemerintah berlangsung lancar seperti yang direncanakan, sehingga akan mendorong konsumsi domestik untuk pulih kembali ke jalur pertumbuhannya. Dari sisi yang kurang positif, tarif bunga AS diperkirakan akan merangkak naik pada 2018, dan hal ini secara potensial dapat berdampak negatif terhadap perekonomian global. Kami juga sedang memantau perkembangan dari rancangan undang-undang yang akan mengatur produksi, distribusi dan konsumsi dari minuman beralkohol, yang akan terus digulirkan di persidangan DPR tahun 2018.

Menghadapi situasi yang demikian, kami meyakini bahwa Direksi telah merumuskan prioritas strategis yang tepat untuk menjamin pertumbuhan yang stabil dan penciptaan nilai tambah pada tahun mendatang. Strategi ini akan memusatkan perhatian pada pengembangan segmen bir premium lebih lanjut, meningkatkan penetrasi pasar ke arah perdagangan umum, dan melanjutkan optimalisasi dalam supply chain

Scorecard, which is widely accepted throughout Southeast Asia as a reliable benchmark. In 2017, for the second year running, the Company was among the Top 50 best performers on the Scorecard out of all publicly listed companies in Indonesia. We also noted with pride the Company’s Gold award from Economic Review Magazine for the quality of our GCG reporting. Although these achievements are an affirmation of the robust governance structures in place at the Company, we acknowledge that there is still scope for improvement, and we continue to follow up on the findings of the Scorecard and our internal audits and reviews.

We are pleased to see the progress the Company is making on its corporate sustainability agenda. As part of this, the Company established the Sahabat Multi Bintang Foundation in 2017 to provide a more focused channel for our ambition to grow together with our communities. The foundation was immediately of use by being able to provide public toilets and drinking water to refugees in Bali who were evacuated from their homes due to the threat of possible eruption of Mount Agung.

Board of Commissioners’ assessment of the business prospects

With the fundamentals of the Indonesia’s economy continuing to be strong and a recent pick-up in commodity pricing, a slight acceleration of GDP growth to just above 5% is forecast. Public and private investment are expected to support economic growth, particularly if the government’s infrastructure program resumes as planned, and will likely drive domestic consumption back to its growth trajectory. On a less positive note, US interest rates are expected to creep up in 2018, and this could potentially negatively impact the global economy. We are also monitoring developments with regard to a bill that would regulate the production, distribution and consumption of alcoholic beverages, which will continue to be deliberated in parliament in 2018.

Against this overall backdrop, we are convinced that the Board of Directors has put the right strategic priorities in place for consistent growth and value creation over the coming year. These strategies will focus on further developing the premium beer segment, increasing market penetration towards general trade, and continued optimisations in the supply chain.






Laporan keuangan


Perubahan komposisi Dewan Komisaris

Komposisi Dewan Komisaris mengalami beberapa perubahan pada 2017. Salah satu agenda pada RUPST 2017 adalah penunjukan kembali Dewan Komisaris dan Direksi perseroan karena berakhirnya masa jabatan mereka. Pada kesempatan ini, Bp Bobby Noya tidak melanjutkan masa jabatannya sebagai Komisaris Perseroan. Karenanya, komposisi Dewan Komisaris berubah dari 7 anggota menjadi 6 anggota. Selanjutnya, Bp Frans Erik Eusman mengundurkan diri dari jabatannya sebagai Komisaris Perseroan di RUPSLB pada 30 Oktober 2017. Kami berterima kasih atas kontribusi beliau dan Bp Noya pada Perseroan dan mengharapkan yang terbaik untuk masa depan mereka. Pada RUPSLB yang sama, kami menyambut Bp Nicolaas Adrianus Vervelde yang ditunjuk sebagai Komisaris Perseroan yang baru.

Kemajuan yang berlangsung sepanjang tahun lalu tak mungkin dapat diraih tanpa dedikasi penuh dari Direksi dan seluruh karyawan Multi Bintang, dan penghargaan yang tulus kami sampaikan kepada mereka. Kami juga ingin mengucapkan terima kasih kepada seluruh pemegang saham, pelanggan dan mitra bisnis Multi Bintang atas dukungan mereka yang berharga. Saya meyakini bawa Perseroan berada dalam posisi yang kuat untuk memainkan peran terdepan dalam mengembangkan industri minuman di Indonesia dan terus menciptakan nilai bagi seluruh pemangku kepentingan kami.

Change in the composition of the Board of Commissioners

There were some changes in the composition of the Board of Commissioners in 2017. One of the items on the agenda of the 2017 Annual General Meeting of Shareholders was the reappointment of the Board of Commissioners and the Board of Directors as their term of office had expired. On this occasion, Mr Bobby Noya chose not to continue his service as a Commissioner of the Company. As a result, the composition of the Board of Commissioners changed from seven members to six members. Subsequently, Mr Frans Erik Eusman resigned as a Commissioner at the Extraordinary General Meeting of Shareholders (EGMS) on 30 October 2017. We are grateful to him and Mr Noya for their contributions to the Company and wish them all the best for the future. At the same EGMS, we welcomed the appointment of Mr Nicolaas Adrianus Vervelde as the Company’s new Commissioner.

The progress made during the past year would not have been possible without the tremendous dedication of the Board of Directors and all Multi Bintang’s people, and they have our deep appreciation. We would also like to thank all Multi Bintang’s shareholders, customers and business partners for their valued support. I believe that the Company is strongly positioned to continue to play a leading role in developing the beverage industry in Indonesia and continue to create value for all our stakeholders.

Jakarta, Maret/March 2018 Untuk dan atas nama Dewan Komisaris, For and on behalf of the Board of Commissioners,

Dr. Cosmas Batubara Presiden Komisaris

—President Commissioner


Ikhtisar

highlights

Profil perusahaan

company profile

Laporan manajemen

management report



Henricus Petrus van Zon

Komisaris —Commissioner

Cosmas Batubara

Presiden Komisaris/Komisaris Independen—President Commissioner/Independent Commissioner

Nicolaas Adrianus

Vervelde

Komisaris—Commissioner

PROFIL DEWAN KOMISARIS

Profile of The Board of Commisioners






Laporan keuangan


Jasper Christiaan Hamaker

Komisaris —Commissioner

Sumantri Slamet

Komisaris Independen —Independent Commissioner

Wahyu Hidayat

Komisaris Independen —Independent Commissioner


Ikhtisar

highlights

Profil perusahaan

company profile

Laporan manajemen

management report



Warga negara Indonesia, lahir di Simalungun, 79 tahun. Beliau diangkat sebagai Presiden Komisaris Perseroan oleh RUPS Tahunan tanggal 30 Juni 1998, yang berlaku efektif sejak penutupan RUPS tersebut. Beliau juga menjabat sebagai Presiden Direktur PT Agung Podomoro Land Tbk, Presiden Komisaris PT Intiland Development Tbk, dan Wakil Presiden Komisaris dan Ketua Komite Audit PT Tunas Ridean Tbk, dan sebagai Komisaris PT Catur Mitra Sejati Sentosa, Komisaris PT Bonauli Realestat dan Komisaris PT Mandiri Eka Abadi.

Menyelesaikan pendidikan dengan memperoleh gelar BA (Bachelor of Arts) dari Sekolah Tinggi Publisistik, Jakarta pada tahun 1964 dan gelar Drs. (Doktorandus) dari Fakultas Ilmu Sosial dan Ilmu Politik Universitas Indonesia pada tahun 1974. Beliau memperoleh gelar Dr. (Doktor) dari Fakultas Ilmu Sosial dan Ilmu Politik Universitas Indonesia pada tahun 2002

Beliau tidak memiliki hubungan afiliasi dengan anggota lain dari Dewan Komisaris, anggota Direksi, maupun dengan pemegang saham mayoritas.

Cosmas Batubara, adalah Komisaris Independen Perseroan selama lebih dari dua kali masa jabatan, yang menyatakan bahwa dirinya adalah independen berdasarkan kriteria komisaris independen yang ditetapkan dalam Peraturan OJK no.33/POJK.04/2014.

Indonesian citizen, born in Simalungun, 79 y.o. He was appointed as the Company’s President Commissioner by the Annual General Meeting of Shareholders on 30 June 1998, effective since the closing of said meeting. He serves concurrently as President Director of PT Agung Podomoro Land Tbk, President Commissioner of PT Intiland Development Tbk, and Vice President Commissioner and Chairman of the Audit Committee of PT Tunas Ridean Tbk, and as a Commissioner of PT Catur Mitra Sejati Sentosa, Commissioner of PT Bonauli Realestat and Commissioner of PT Mandiri Eka Abadi.

He graduated with a BA (Bachelor of Arts) from Sekolah Tinggi Publisistik (the Public Sciences Academy), Jakarta in 1964 and earned a further Bachelor’s degree from the Faculty of Social and Political Sciences at the University of Indonesia in 1974. He received his doctorate from the Faculty of Social and Political Sciences at the University of Indonesia in 2002.

He has no affiliated relationship with other members of the Board of Commissioners, members of the Board of Directors, or majority shareholders.

Cosmas Batubara, as an Independent Commissioner of the Company for more than two terms, has declared himself independent according to the criteria for independent commissioners stated in OJK Regulation no.33/POJK.04/2014.

Cosmas Batubara Presiden Komisaris/Komisaris Independen

President Commissioner | Independent Commissioner








Laporan keuangan


Warga negara Indonesia, lahir di Jakarta, 63 tahun. Beliau ditunjuk sebagai Komisaris Perseroan oleh RUPS Tahunan tanggal 12 Mei 2014, efektif sejak saat penutupan RUPS. Beliau juga menjadi Komisaris Independen, Ketua Risk Oversight Committee dan Ketua Integrated Corporate Governance Committee PT Bank BCA Tbk, dan juga menjadi Wali Amanah dan Ketua Komite Manajemen Risiko Universitas Indonesia. Sebelum komitmen-komitmen tersebut, beliau mengemban posisi-posisi senior di berbagai perusahaan,termasuk PT Medco Energy International Tbk, Medco Energy Global Pte dan Medco Energy International. Beliau juga menjadi Komisaris Independen dan Ketua Komite Audit PT Trimegah Securities Tbk, Wakil Presiden Komisaris PT Bank International Indonesia Tbk, Komisaris PT Astra International, dan Komisaris PT Bank Central Asia. Beliau meraih gelar BS dalam Matematika dari Universitas Indonesia (1978), dan gelar MSc. Serta Ph.D. dalam Computer Science dari University of Illinois Urbana Champaign secara berturut-turut di tahun 1981 dan 1983.


Shareholders on 12 May 2014, effective as of the closing of said meeting. He serves concurrently as an Independent Commissioner, Chairman of the Risk Oversight Committee and Chairman of the Integrated Corporate Governance Committee of PT Bank BCA Tbk, and as a member of the Board of Trustees and Chairman of the University of Indonesia’s Risk Management Committee. Prior to his current commitments, he served in senior positions at various companies, including PT Medco Energy International Tbk, Medco Energy Global Pte and Medco Energy International. He was also an Independent Commissioner and Chairman of the Audit Committee of PT Trimegah Securities Tbk, Vice President Commissioner of PT Bank International Indonesia Tbk, Commissioner of PT Astra International, and a Commissioner of PT Bank Central Asia. He holds a BS in Mathematics from the University of Indonesia (1978), and earned an MSc. and a Ph.D. in Computer Science from the University of Illinois Urbana Champaign in 1981 and 1983, respectively.

He has no affiliated relationship with other members of the Board of Commissioners, members of the Board of Directors, or majority shareholders.

Sumantri SlametKomisaris Independen

Independent Commissioner


Ikhtisar

highlights

Profil perusahaan

company profile

Laporan manajemen

management report



Warga negara Indonesia, lahir di Madiun, 63 tahun. Beliau diangkat sebagai Komisaris Perseroan oleh RUPS Tahunan pada Mei 2015, efektif sejak saat penutupan RUPS termaksud. Beliau juga mengemban jabatan sebagai anggota Dewan Komisaris PT Semen Indonesia (2014-sekarang). Antara 1985 dan 2014 beliau memegang berbagai jabatan di sejumlah posisi strategis di Kementerian Keuangan dan Kementerian BUMN, termasuk menjabat Deputy Menteri bidang Restrukturisasi dan Perencanaan Strategis, (2013-2014) dan Sekretaris Menteri (2012-2013). Beliau juga memegang berbagai peran kepemimpinan, termasuk Presiden Komisaris PT Rajawali Nusantara Indonesia (2008-2012), Jamsostek (2007-2008) dan PT Madani Securities (2002-2006), serta Komisaris di PT Bank Mandiri (2012-2014), PT Krakatau Steel (2012), PT Indo Exchange Tbk (2003-2006) dan PT Adhi Karya (1992-1995). Dari 1995 hingga 1999, beliau menjabat Direktur Keuangan PT SUCOFINDO (Persero). Beliau juga memiliki karir di sektor penerbangan, sebagai Presiden Direktur PT Pelita Air Service (2003-2005) dan PT Merpati Nusantara Airlines (1999-2002). Beliau adalah Sarjana Ekonomi Perusahaan dari Universitas Gajah Mada pada 1979, dan meraih gelar Diploma dalam Development Finance dari University of Birmingham, Inggris, tahun 1984.


Indonesian citizen, born in Madiun, 63 y.o. He was appointed as a Commissioner of the Company by the Annual General Meeting of Shareholders in May 2015, effective as of the closing of said meeting. He serves concurrently as a member of the Board of Commissioners of PT Semen Indonesia (2014-present). Between 1985 and 2014 he served in a number of strategic posts at the Ministry of Finance and the Ministry of State-Owned Enterprises, where he was Deputy Minister for Restructuring and Strategic Planning (2013-2014) and Ministry Secretary (2012-2013). He has also served in many other leadership roles, including as President Commissioner of PT Rajawali Nusantara Indonesia (2008-2012), Jamsostek (2007-2008) and PT Madani Securities (2002-2006), and as a Commissioner at PT Bank Mandiri (2012-2014), PT Krakatau Steel (2012), PT Indo Exchange Tbk (2003-2006) and PT Adhi Karya (1992-1995). From 1995 to 1999, he served as Finance Director at PT SUCOFINDO (Persero) He also had a career in the airline sector, as President Director of PT Pelita Air Service (2003-2005) and PT Merpati Nusantara Airlines (1999-2002). He graduated with a Bachelor’s degree in Corporate Economics from Gajah Mada University in 1979, and was awarded a Diploma in Development Finance from the University of Birmingham, UK, in 1984. He has no affiliated relationship with other members of the Board of Commissioners, members of the Board of Directors, or majority shareholders.

Wahyu Hidayat Komisaris Independen

Independent Commissioner








Laporan keuangan


Warga negara Belanda, lahir di Rotterdam, Belanda, 59 tahun. Beliau diangkat sebagai Komisaris Perseroan oleh RUPS Luar Biasa pada 30 Oktober 2017. Beliau saat ini memangku jabatan Managing Director (MD) dari Heineken Asia Pacific Region, efektif sejak 1 Agustus 2017, yang bertanggung jawab atas Singapura, Indonesia, Filipina, Papua New Guinea, Solomon Islands, New Zealand, New Caledonia, Timor-Leste and Heineken Asia Pacific Export. Sejak 2010 hingga July 2017, beliau menjadi Managing Director/CEO dari Nigerian Breweries Limited, sebuah entitas anak Heineken. Sebelumnya,beliau menjabat Managing Director dari Heineken Caribbean dan Central America selama empat tahun (2006-2010) dan Heineken Ireland selama tiga tahun (2003-2006). Beliau bergabung dengan Heineken pada 1984 sebagai Management Trainee dan selanjutnya memegang sejumlah jabatan manajemen yang lebih senior di Belanda, Rwanda, Bahamas, Ireland, dan Puerto Rico. Beliau juga menjabat Deputy Director dan Director untuk kawasan Afrika dan Timur Tengah (1998-2003).

Beliau adalah lulusan Agricultural University of Wageningen, Belanda dengan gelar dalam Management Science and Chemical Engineering tahun 1986.

Dutch citizen, born in Rotterdam, the Netherlands, 59 y.o. He was appointed as a Commissioner of the Company by the Extraordinary General Meeting of Shareholders on 30 October 2017. He is currently the Managing Director (MD) of Heineken Asia Pacific Region, effective 1 August 2017, with responsibility for Singapore, Indonesia, Philippines, Papua New Guinea, Solomon Islands, New Zealand, New Caledonia, Timor-Leste and Heineken Asia Pacific Export. From 2010 to July 2017, he was the Managing Director/CEO of Nigerian Breweries Limited, a Heineken subsidiary. Previously, he was Managing Director of Heineken Caribbean and Central America for four years (2006-2010) and Heineken Ireland for three years (2003-2006). He joined Heineken in 1984 as a Management Trainee and subsequently held a number of ever more senior management roles in the Netherlands, Rwanda, Bahamas, Ireland, and Puerto Rico. He also served as Deputy Director and Director for the Africa and Middle-East region (1998-2003).

He graduated from the Agricultural University of Wageningen, the Netherlands, with a degree in Management Science and Chemical Engineering in 1986.

Nicolaas Adrianus Komisaris

Commissioner


Ikhtisar

highlights

Profil perusahaan

company profile

Laporan manajemen

management report



Warga negara Belanda, lahir di Assen, Belanda, 45 tahun. Beliau ditunjuk sebagai Komisaris Perseroan pada 20 Agustus 2015, efektif sejak saat penutupan RUPS termaksud. Beliau saat ini menjabat Senior Director untuk Regional Finance pada Heineken Asia Pacific (2014-sekarang). Sebelumnya, beliau menjadi Finance Director dari Nigerian Breweries mulai 2010 hingga 2015. Bergabung dengan Heineken pada 1996 dan bekerja di berbagai posisi keuangan di Heineken Netherlands, Heineken’s Head Office dan Nigerian Breweries sebelum ditunjuk sebagai Finance Director PT Multi Bintang Indonesia Tbk (2006-2010).

Beliau adalah sarjana Business Econometrics dari University of Amsterdam, Belanda lulusan tahun 1996. Beliau juga seorang akuntan publik terdaftar, yang memperoleh Certified Financial Management (CFM) designation dari Institute of Certified Management Accountants in 2001.

Dutch citizen, born in Assen, the Netherlands, 45 y.o. He was appointed as a Commissioner of the Company on 20 August 2015, effective since the closing of the said meeting. He is currently the Senior Director for Regional Finance at Heineken Asia Pacific (2014-present). Prior to this, he served as the Finance Director of Nigerian Breweries from 2010 until 2015. He joined Heineken in 1996 and worked in various finance positions at Heineken Netherlands, Heineken’s Head Office and Nigerian Breweries before being appointed as Finance Director of PT Multi Bintang Indonesia Tbk (2006-2010).

He graduated from the University of Amsterdam, the Netherlands a degree in Business Econometrics in 1996. He is also a certified public accountant, having received his Certified Financial Management (CFM) designation from the Institute of Certified Management Accountants in 2001.

Jasper Christiaan HamakerKomisaris

Commissioner


Profile of The

Documents

Indonesia Stock Exchange · 2018. 5. 3. · 48 Laporan Direksi Report from the Board of Directors 58 Profil Direksi Profile of TheBoard of Directors Ikhtisar highlights Daftar Isi