INFORMASI PERUSAHAAN (COMPANY INFORMATION)

Informasi Perusahaan PT Sarana Multigriya Finance (Persero) (Company Information)

INFORMASI PERUSAHAAN (COMPANY INFORMATION)

PT SARANA MULTIGRIYA FINANSIAL (PERSERO) (“Perseroan”) (“The Company”) Kegiatan Usaha (Business Activities) : Pembiayaan Sekunder Perumahan (Secondary Mortgage Financing)

PENTING UNTUK DIPERHATIKAN INFORMASI SINGKAT INI BUKAN MERUPAKAN PENAWARAN KEPADA PIHAK PENERIMA ATAU PIHAK LAIN ATAU PUBLIK PADA UMUMNYA UNTUK MELAKUKAN INVESTASI PADA PRODUK, PRODUK TURUNAN ATAU EFEK APAPUN YANG DIKELUARKAN OLEH PERUSAHAAN TERSEBUT. IMPORTANT NOTICE THE INFORMATION AND OPINION IN THIS INFORMATION ARE NOT AND SHOULD NOT BE CONSTRUED OR CONSIDERED AS AN OFFER, RECOMMENDATION OR SOLICITATION TO BUY OR SELL THE SUBJECT SECURITIES, RELATED INVESTMENTS OR OTHER FINANCIAL INSTRUMENTS THEREOF.

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I. SEKILAS MENGENAI PERSEROAN / COMPANY BRIEF

P

erseroan adalah Badan Usaha Milik Negara (BUMN) yang didirikan pada tahun 2005 dan bergerak dalam bidang jasa pembiayaan sekunder perumahan. Maksud dan tujuan Perseroan adalah membangun dan mengembangkan pasar pembiayaan sekunder perumahan dalam rangka meningkatkan kapasitas pembiayaan dan ketersediaan perumahan yang terjangkau oleh masyarakat. Perseroan telah melakukan 4 kali penerbitan MTN dan 5 kali penerbitan obligasi. The Company is State-Owned Enterprise that was founded in 2005 and engaged in the secondary mortgage financing. The purpose and objectives of the Company are to promote and develop secondary mortgage financing market so as to increase capacity and sustainability of housing finance to most of the Indonesian families. The Company has conducted 4 times MTN issuance and 5 times bonds issuance. Komposisi kepemilikan saham Perseroan adalah sebagai berikut: The composition of ownership shares of the Company are as follows: Keterangan (Description) Modal Dasar (Authorised Capital) Modal Ditempatkan dan Disetor Penuh (Issued and Paid Up Capital) Negara Republik Indonesia (Government of Republic Indonesia) Saham dalam Portepel (Portepel)

Nilai Nominal (Nominal Value) Rp1.000.000 per saham (per share) JumlahSaham Jumlah Nilai Nominal (Rp) (Number of Shares) (Nominal Value) 4.000.000 4.000.000.000.000

1.000.000

1.000.000.000.000

3.000.000

3.000.000.000.000

Persentase (%) (Percentage)

100

Susunan anggota Dewan Komisaris dan Direksi Perseroan adalah sebagai berikut: Composition of the Board of Commissioners and Board of Directors of the Company are as follows: Dewan Komisaris (Boarf of Commissioners) Komisaris Utama Komisaris Komisaris

: : :

Moch. Ihsanuddin Sri Hartoyo Agus Rijanto Sedjati

Direksi (Board of Directors) Direktur Utama Direktur Direktur

: : :

Rahardjo Adisusanto Sutomo Trisnadi Yulrisman

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KEGIATAN DAN PROSPEK USAHA PERSEROAN / COMPANY’S BUSINESS ACTIVITIES AND PROSPECTS Kegiatan Usaha

Business Activities

Kegiatan usaha yang dilakukan Perseroan untuk mencapai maksud dan tujuan Perseroan adalah : a. membeli kumpulan aset keuangan dari lembaga penyalur KPR; b. menyimpan kumpulan aset keuangan; c. menunjuk SPV untuk membeli aset keuangan dari kreditor asal dan menerbitkan Efek Beragun Aset berbentuk Surat Utang.

The business activities performed to achieve the Company’s aims and objectives are: a. buy financial assets from a collection agency mortgage dealer; b. store a collection of financial assets. c. appoint SPV to buy financial assets from creditors of origin and issue Asset Backed Securities.

Persaingan Usaha Perseroan Secara kelembagaan Perseroan tidak memiliki pesaing, karena tidak ada perusahaan sejenis di Indonesia yang mempunyai usaha yang sama. Untuk menjaga peringkat kredit yang terbaik, Perseroan akan menjaga tingkat risiko dalam aset liabilitas dengan melakukan penempatan dana dan penyaluran pinjaman secara prudent. Dengan demikian kesempatan untuk mendapatkan dana dari investor pasar modal dengan harga yang terbaik akan selalu terbuka.

Company's Business Competition Institutionally, the Company has no competition, because there is no similar companies in Indonesia that have the same activities. To maintain the best credit ratings, the Company will maintain the level of risk in asset liability by prudent placing and lending funds. Thus the Copany will get the opportunity to obtain funds from capital market investors with the best price.

Prospek Usaha Perseroan Pertumbuhan portofolio KPR di Indonesia selama 5 tahun terakhir cukup signifikan, dari Rp46 triliun pada tahun 2005 menjadi Rp136,4 triliun pada tahun 2010. Pada Juli 2011 portofolio telah tumbuh menjadi sekitar Rp152,8 triliun. Besarnya tingkat pertumbuhan portofolio KPR belum memberikan gambaran baik bagi KPR di Indonesia. Besarnya portofolio KPR dibandingkan dengan PDB baru sebesar 2% pada akhir tahun 2010. Hal ini menggambarkan masih adanya potensi untuk pertumbuhan KPR. Sampai dengan Juni 2011, baru 1,16% pasar KPR yang dapat disupport oleh Perseroan, karenanya masih besar potensi dan kegiatan yang harus dilaksanakan agar dapat melakukan penetrasi pasar lebih dalam dan lebih luas.

Company's Business Prospects Mortgage portfolio growth in Indonesia during the last 5 years is quite significant, from Rp46 trillion in 2005 to Rp136, 4 trillion in 2010. In July 2011 the portfolio has grown to about a Rp152, 8 trillion. The amount of housing loan portfolio growth rate has not provided a good overview for mortgages in Indonesia. The amount of housing loan portfolio just 2% of GDP by the end of 2010. This illustrates the persistence of the potential growth in mortgages. As of June 2011, only 1.16% mortgage market that can be supported by the Company, and therefore still great potential for activities that should be implemented in order to penetrate the market deeper and wider.

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II. IKHTISAR DATA KEUANGAN PENTING / FINANCIAL HIGHLIGHT Berikut adalah data keuangan penting Perseroan untuk tahun yang berakhir pada tanggal-tanggal 30 September 2011 (audited), 31 Desember 2010, 2009, 2008, 2007 dan 2006 yang disajikan berdasarkan laporan keuangan Perseroan : Below financial highlight as of 30 September 2011 (audited), 31 December 2010, 2009, 2008, 2007 and 2006 which extracted from audit financial report of the Company : (dalam jutaan Rupiah) (in million Rupiah)

Keterangan (Description) 2006 Aset (Asset) Kewajiban (Liabilities) Ekuitas (Equity) Jumlah Pendapatan (Revenue) Jumlah Beban (Expenses) Laba Sebelum Pajak Penghasilan (Net Income Before Tax) Laba Bersih (Net Income)

2007

31 Desember (31 December) 2008

2009

2010

30 September 2011

1.123.148 7.373 1.115.775 102.984 (17.155)

1.188.150 7.277 1.180.873 83.724 (20.628)

1.268.211 10.078 1.258.134 100.485 (21.962)

1.927.470 575.889 1.351.582 121.859 (23.564)

2.571.117 1.142.831 1.428.286 105.606 (29.780)

2.937.419 1.448.825 1.488.595 86.329 (22.937)

87.125 88.511

65.351 65.098

80.220 77.260

101.518 93.449

78.085 77.638

64.934 61.085

Rasio Keuangan (Financial Ratio) 2006 Profitabilitas (Profitability) (%) Imbal Hasil Investasi (ROA) Imbal Hasil Ekuitas (ROE) Laba Bersih/Jumlah Pendapatan (Net Income/Revenue) Likuiditas (Liquidity) (X) Pinjaman yang diberikan terhadap Kewajiban (Loan to Liabilities) Aset Lancar terhadap Kewajiban Lancar (Current Asset/Current Liabilities) Jumlah Ekuitas terhadap Pinjaman Yang Diberikan (Equity to Loan) Jumlah Kewajiban Terhadap Jumlah Ekuitas (Debt to Equity)

31 Desember (31 December) 2007 2008 2009

2010

30 September 2011

7,88 7,93

5,48 5,51

6,09 6,14

4,85 6,91

3,02 5,44

2,08 4,10

84,88

75,72

75,61

74,71

71,98

70,76

-*

-*

-

1,71

1,97

-

174,92

222,22

96,77

3,39

2,89

0,96

11,16

3,48

125,84

3,35

2,25

0,80

0,01

0,01

2,36

1,44

1,00

0,97

* Belum ada hutang ( have no liabilities)

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Informasi Perusahaan PT Sarana Multigriya Finance (Persero) (Company Information) Jumlah Aset (dalam jutaan Rupiah)

Jumlah Kew ajiban (dalam jutaan Rupiah) 1.448.825 2.937.419

2.571.117

1.142.831

1.927.470 1.123.148 1.188.150

2006

1.115.775

2007

1.268.211

2008

575.889

2009

2010

Sep 2011

Jumlah Ekuitas (dalam jutaan Rupiah) 1.488.595 1.428.286 1.351.582 1.258.134 1.180.873

7.373

7.277

10.078

2006

2007

2008

2009

2010

Sep 2011

Jumlah Pendapatan (dalam jutaan Rupiah) 121.859 102.984

105.606

100.485

86.329

83.724

2006

88.511

2007

2008

2009

2010

Sep 2011

2006

2007

2008

Laba Bersih (dalam jutaan Rupiah) 93.449

2009

ROA

2010

ROE

77.638

77.260 65.098

61.085

7.93 7.88

5.51 5.48

6.91

6.14

5.44 6.09

4.10

4.85 3.02

2006 2006

2007

2008

Sep 2011

2009

2010

Sep 2011

2007

2008

2009

2010

2.08

Sep 2011

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III. PERTIMBANGAN INVESTASI / INVESTMENT CONSIDERATIONS Pemegang saham yang kuat 100% dimiliki oleh Negara Republik Indonesia. Perseroan menerima tugas khusus dari Pemerintah untuk mengembangkan pembiayaan pasar sekunder perumahan. Peraturan ini telah ditetapkan berdasarkan Peraturan Pemerintah No 5 / 2005 dan Keputusan Presiden Nomor 19/2005 dan 1 / 2008.

Strong Shareholder 100% owned by Government of Indonesia. The Company received special mandate from Government of Indonesia for developing secondary market in mortgage financing. The regulation has been stipulated based on Government Regulation No. 5/2005 and Presidential Decree No. 19/2005 and 1/2008.

Manajemen yang bereputasi Reputable Management Perseroan didukung oleh manajemen yang The Company has been supported by professional profesional dan berpengalaman dalam bidang and experienced managements who specialization in pembiayaan perumahan dan keuangan. housing finance and financial sector. Kinerja keuangan yang baik High Financial Performance Perseroan menjaga kinerja keuangan dengan The company managed to book a significant profit as memberikan laba yang signifikan, dimana net profit evidence by net profit margin of more than 70%. margin mencapai lebih dari 70%. Peringkat yang bagus Strategi Perseroan dalam mengembangkan pembiayaan pasar sekunder perumahan dengan nilai yang memuaskan tercermin dalam peringkat AA(idn) dari Fitch.

Commendable rating The Strategic importance of the Company in developing the nation’s secondary mortgage financing at an achievable pricing reflected in the rating of AA(idn) by Fitch

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PT CIMB Securities Indonesia (Member of Indonesian Stock Exchanges) Indonesian Stock Exchanges Building Tower II, 11th Floor Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 – Indonesia Telephone (62-21) 515 4660 ext.527 Facsimile (62-21) 515 4661 www.cimb.com Contact Person Syubban Aqdamy Disclosure & Disclaimer By accepting this information, the recipient hereof represents and warrants that he is entitled to receive such information in accordance with the restrictions set forth below and agrees to be bound by the limitations contained herein (including the “Restrictions on Distributions” set out below). Any failure to comply with these limitations may constitute a violation of law. This publication is strictly confidential and is for private circulation only to invitees and prospective investor of PT CIMB Securities Indonesia (“CIMB”). This publication is being supplied to you strictly on the basis that it will remain confidential. No part of this material may be (i) copied, photocopied, duplicated, stored or reproduced in any form by any means or (ii) redistributed or passed on, directly or indirectly, to any other person in whole or in part, for any purpose without the prior written consent of CIMB. CIMB, its affiliates and related companies, their directors, associates, connected parties and/or employees may own or have positions in securities of the company(ies) covered in this information or any securities related thereto and may from time to time add to or dispose of, or may be materially interested in, any such securities. Further, CIMB, its affiliates and its related companies do and seek to do business with the company(ies) covered in this information and may from time to time act as market maker or have assumed an underwriting commitment in securities of such company(ies), may sell them to or buy them from customers on a principal basis and may also perform or seek to perform significant investment banking, advisory or underwriting services for or relating to such company(ies) as well as solicit such investment, advisory or other services from any entity mentioned in this information. The information is prepared from data believed to be correct and reliable at the time of issue of this information. This information does not purport to contain all the information that a prospective investor may require. CIMB does not make any guarantee, representation or warranty, express or implied, as to the adequacy, accuracy, completeness, reliability or fairness of any such information and opinion contained in this information and accordingly, neither CIMB nor any of its affiliates nor its related persons shall not be liable in any manner whatsoever for any consequences (including but not limited to any direct, indirect or consequential losses, loss of profits and damages) of any reliance thereon or usage thereof. This information is general in nature and has been prepared for information purposes only. It is intended for circulation amongst CIMB’s clients generally and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information and opinions in this information are not and should not be construed or considered as an offer, recommendation or solicitation to buy or sell the subject securities, related investments or other financial instruments thereof. Investors are advised to make their own independent evaluation of the information contained in this information, consider their own individual investment objectives, financial situation and particular needs and consult their own professional and financial advisers as to the legal, business, financial, tax and other aspects before participating in any transaction in respect of the securities of company(ies) covered in this information. The securities of such company(ies) may not be eligible for sale in all jurisdictions or to all categories of investors. This information is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.

PT CIMB Securities Indonesia (Member of Indonesian Stock Exchanges) Indonesian Stock Exchanges Building Tower II, 11th Floor, Jl. Jend. Sudirman Kav. 52-53 Jakarta 12190 – Indonesia Telephone (62-21) 515 4660, Facsimile (62-21) 515 4661 www.cimb.com

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APLIKASI BOOKBUILDING A. Informasi Obligasi Nama Emiten Nama Obligasi Jenis Obligasi, Tenor & Indikasi Tingkat Bunga

: : :

Periode Bookbuilding

:

PT. Sarana Multigriya Finansial (Persero / SMF Obligasi Berkelanjutan I Tahap Sarana Multigriya Finansial Tahap II Tahun 2012 Seri A : 2 (dua) tahun, indikasi tingkat bunga FR26 + (1.75 % – 2.75 %) atau antara 6.45 % - 7.45 % Seri B : 3 (tiga) tahun, indikasi tingkat bunga FR27 + (2.15 % – 3.15 %) atau antara 6.98 % - 7.98 % Seri C : 5 (lima) tahun, indikasi tingkat bunga FR60 + (2.15 % – 3.15 %) atau antara 7.32 % - 8.32 % 15 Maret 2012 s/d 28 Maret 2012 (pk. 16.00 Wib.)

B. Persyaratan Aplikasi Bookbuilding : 1. 3. 4.

5.

Pesanan sekurang-kurangnya Rp.1.000.000.000,- (satu miliar rupiah) Nasabah harus mengisi Formulir Aplikasi Bookbuilding pada huruf C dibawah secara lengkap, jelas dan benar dan diserahkan / dikirimkan kepada PT. Phillip Securities Indonesia Ktr. Pusat (u.p Div. Corfin) melalui Fax No. 0 2 1 - 5 7 9 0 0 8 0 9 atau melalui email [email protected] , selambat-lambatnya tanggal 28 Maret 2012 pukul 16.00 Wib. Aplikasi Bookbuilding yang telah ditanda-tangani tidak dapat dibatalkan namun bukan berarti bahwa Nasabah pasti akan memperoleh penjatahan, karena penjatahan tersebut merupakan keputusan dan wewenang mutlak dari Penjamin Pelaksana Emisi (Lead Underwriter). Ketentuan ini mohon dimengerti oleh Nasabah sehingga tidak melakukan gugatan atas keputusan penjatahan yang diterima. Nasabah yang memperoleh penjatahan, wajib melakukan pembayaran senilai jumlah jatah Obligasi yang diperoleh dan pembayaran tersebut harus dilakukan selambat-lambatnya tanggal 16 April 2012 pukul 15.00 Wib (in good funds) dengan menyetor langsung ke Rekening Dana Investor (RDI) Nasabah.

C. Formulir Aplikasi Bookbuilding : ▪

Nama & Kode Nasabah

:

▪

No. Telp. / HP / Fax

:

▪

Alamat Email

:

▪

Jenis, Tingkat Bunga

:

Kode :

Jenis Obligasi

Tingkat Bunga Oligasi (per tahun)

Jumlah Nominal Obligasi (Rp)

Obligasi Seri A

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,%

Rp. ……………………………………..

Obligasi Seri B

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,%

Rp. ……………………………………..

Obligasi Seri C

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,%

Rp. ……………………………………..

dan Jumlah Obligasi Yang Diminati

......….……………………., …………………, 2012 Kantor Cabang / Sales :

Nasabah :

(……………………..………………….) Nama & Tanda-tangan

(……………………………..………….) Nama & Tanda-tangan

INFORMASI PERUSAHAAN (COMPANY INFORMATION)

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