Expanding our Horizons - upperlineid · 2020. 1. 10. · 33 Peristiwa Penting Event Highlights 06 Ikhtisar Data Keuangan Summary of Financial Data ... Mei-17 1,055,900 12,150 11,700

12018 Annual Report MULTI BINTANG INDONESIA

l a p o r a n t a h u n a n 2 0 1 8 a n n u a l r E p o r t

Expanding our Horizons

2 2018 Annual Report MULTI BINTANG INDONESIA


Contentsd a f t a r i s i

ikhtisar

highlightsprofil perusahaan

company profile

18 Sejarah Perusahaan Company Milestones

20 Struktur Organisasi Organization Structure

26 Visi ,Misi ,Nilai dan Budaya Perusahaan Vision ,Mission, Value, and Corporate Culture

30 Awards dan Sertifikasi Awards and Certification

33 Peristiwa Penting Event Highlights

06 Ikhtisar Data Keuangan Summary of Financial Data

08 Informasi khusus bagi Pemegang Saham Specific Information For Shareholders

13 Kronologi Pencatatan Saham Chronology of Share Listing

Daftar isi


Daftar isi

laporan manajemen

management report

analisa & pembahasan

manajemen

management discussion & analysis

tata kelola perusahaan

corporate governance

laporan keuangan

financial statements

70 Tinjauan Operasional Operational Review

97 Kinerja Keuangan Financial Performance

112 Keberlanjutan dan Tanggung Jawab Sosial Sustainabilty and Corporate Social Responsibility

129 Struktur Tata Kelola GCG Structures

155 Sekretaris Perusahaan Corporate Secretary

160 Manajemen Risiko Risk Management

38 Laporan Dewan Komisaris Report of the Board of Commissioners

46 Profil Dewan Komisaris Profile of the Board of Commissioners

52 Laporan Direksi Report of the Board of Directors

64 Profil Direksi Profile of the Board of Directors

pengesahan

laporan tahunan

2018

Ratification of the 2018 Annual Report

172

175


i k h t i s a r d a t a k E u a n g a n

Summary of Financial Data

dalam juta rp 2018 2017 2016 2015 2014 in milion rp

Penjualan Bersih 3,649,615 3,389,736 3,263,311 2,696,318 2,988,501 Net sales

Laba Kotor 2,462,707 2,271,704 2,147,744 1,622,952 1,805,283 Gross Profit

Laba Usaha 1,653,242 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) 1,653,242 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 1,671,912 1,780,020 1,320,186 675,572 1,078,378 Profit Before Tax

Laba Bersih Tahun Berjalan 1,224,807 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) 1,224,807 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 1,224,586 1,321,795 981,825 496,712 794,708 Owners of the Company

Kepentingan Non-Pengendali 221 272 304 197 175 Non-controlling interest

Total Penghasilan Komprehensif Lain 1,224,807 1,322,067 979,530 503,624 788,057 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 1,227,819 1,320,627 979,228 503,425 787,885 Owners of the Company

Kepentingan Non-Pengendali 222 270 302 199 172 Non-controlling interest

Laba dasar per Saham (dalam Rupiah penuh) 581 627 466 236 377

Basic earnings per share (in full Rupiah amount)

Modal Kerja Bersih (349,958) (227,269) (425,003) (505,272) (772,307) Net Working Capital

Jumlah Aset 2,889,501 2,510,078 2,275,038 2,100,853 2,231,051 Total Assets

Jumlah Liabilitas 1,721,965 1,445,173 1,454,398 1,334,373 1,677,254 Total Liabilities

Jumlah Ekuitas 1,167,536 1,064,905 820,640 766,480 553,797 Total Equity

Rasio Total Penghasilan Komprehensif Lain Terhadap Jumlah Aset % 42% 53% 43% 24% 35%

Other Comprehensive Income to Total Assets Ratio %

Rasio Total Penghasilan Komprehensif Lain Terhadap Jumlah Ekuitas % 105% 124% 119% 66% 142%

Total Comprehensive Income to Total Equity Ratio %

Rasio Lancar % 78% 83% 68% 58% 51% Current Ratio %

Rasio Jumlah LiabilitasTerhadap Jumlah Ekuitas % 147% 136% 177% 174% 303% Total Liabilities to Total Equity Ratio %

Rasio Jumlah Liabilitas Terhadap Jumlah Aset % 60% 58% 64% 64% 75% Total Liabilities to Total Assets Ratio %

Rasio Laba bersih tahun berjalan terhadap Pendapatan % 34% 39% 30% 18% 27% Net Income for the year to Sales Ratio %

*Sebelum dikurangi dampak dari biaya tertentu yang tidak terjadi setiap tahun (sanksi cukai) Efektif per tanggal 6 November 2014, saham Perseroan diperdagangkan dengan nilai nominal baru (stock split / pemecahan nilai nominal saham dari Rp1.000 menjadi Rp10).

*Before the impact of one time charge of exceptional item (excise penalty)Effective as of November 6, 2014, the Company’s shares traded at a new nominal

value (stock split from Rp1,000 to Rp10


PENJUALAN BERSIh (dalam miliar rupiah) Net Sales (in billion rupiah)

LABA USAhA (dalam miliar rupiah) Operating Profit (in billion rupiah)

Jumlah Aset (dalam miliar rupiah) Total Assets (in billion rupiah)

Laba Bersih Tahun Berjalan (dalam miliar rupiah)Net Income for the year (in billion rupiah)

FINANCIAL hIGhLIGhTS

2014 2015 2016 2017 2018

2,98

9

3,39

0

3,65

0

2,69

6

3,26

3

2,23

1

2,51

0

2,89

0

2,10

1

2,27

5

795

1,32

2

1,22

5

497

982

1,14

6

1,78

6

1,65

3

720

1,37

5


i n f o r m a s i k h u s u s b a g i p E m E g a n g s a h a m

Specific Information for Shareholders

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 at 31 December 2018, 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.

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

None of the Company’s Commissioners or Directors own any of the Company’s shares.

komposisi pemegang saham

Pada 31 Desember 2018, Heineken International B.V. memiliki 1.723.151.000 saham, atau 81,78% dari jumlah total saham Perseroan. Selebihnya sebanyak 18,22% saham dimiliki oleh publik.

Tidak ada satu pun pemegang saham publik yang memiliki lebih dari 5% jumlah total saham.

Para Komisaris dan Direktur Perseroan tidak memiliki saham Perseroan.

81.78%

18.22%public

heineken international bV


PEMEGANG SAHAM PUBLIK DENGAN KEPEMILIKAN DI BAWAH 5% (Per 31 Desember 2018)Public shareholders with holding of less than 5% (As per 31 December 2018)

Status Pemegang Saham

Total

% Shareholder StatusJumlah Pemegang Saham

Number of Shareholders

Total Jumlah Saham Number of Shares

Perorangan 1,209 35,426,200 1.68% Individual

Dana Pensiun 16 19,715,000 0.94% Pension fund

Asuransi 8 17,839,300 0.85% Insurance

Perseroan Terbatas 18 967,480 0.05% Limited Liability Company

Badan Usaha 33 243,837,520 11.57% Corporate Bodies

Bank 2 80,000 0.00% Commercial Bank

Reksadana 19 64,213,700 3.05% Mutual Fund

Yayasan 2 1,488,100 0.07% Social Institution

Lain-lain 5 281,700 0.01% Others

Total 1,312 383,849,000 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 2018)Type of Share ownership (As per 31 December 2018)

Tipe Kepemilikan Bersama

Total

% Type of ShareownershipJumlah Pemegang Saham

Number of Shareholders

Total Jumlah Saham Number of Shares

Institusi Lokal 70 104,585,280 4.96% Local Institution

Institusi Asing 34 1,966,988,520 93.36% Foreign Institution

Perorangan Lokal 1,200 35,064,800 1.66% Local Individual

Perorangan Asing 9 361,400 0.02% Foreign Individual

Total 1,313 2,107,000,000 100 % Total

d E V i d E n

DividendDIVIDEN YANG DIBAYARKAN DALAM 2 TAHUN TERAKHIR

Dividend 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)

2018 2017 Final 487 18 Mei / May 2018 1,029,109

2018 Interim 47 29 November / November 2018

99,029

2017 2016 Final 37118 Mei / May 2017 781,697

2017 Interim 140 28 November / November 2017

294,980


s a h a m b E r E d a r

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

2018

KUARTAL | QUARTER TertinggiHighest

TerendahLowest

PenutupanClosing

VolumeVolume

Kapitalisasi PasarMarket Capitalization

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

Q1 16,500 13,600 15,517 5,072,100 32,693,617

Q2 18,000 16,125 16,700 1,520,000 35,186,900

Q3 16,900 15,000 16,200 938,000 34,233,400

Q4 16,150 15,500 15,992 1,009,200 33,694,442

Kurs Akhir | Closing rate 18,000 13,600 16,000

Total 8,539,300

2,107,000,000 per 31 Desember 2018as of 31 December 2018

i n f o r m a s i k h u s u s b a g i p E m E g a n g s a h a m

SPECIFIC INFORMATION FOR SHAREHOLDERS


k i n E r J a s a h a m

Share Performance

VOLUMEVolume

TERTINGGIHighest

TERENDAHLowest

PENUTUPANClosing

KAPITALISASI PASARMarket Capitalization

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

Agu-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

Jan-18 945,800 14,500 13,600 14,500 30,551,500,000,000 Jan-18

Feb-18 768,200 16,000 13,900 15,650 32,974,550,000,000 Feb-18

Mar-18 3,358,100 16,500 14,800 16,400 34,554,800,000,000 Mar-18

Apr-18 1,228,800 18,000 16,125 16,500 34,765,500,000,000 Apr-18

Mei-18 155,200 16,975 16,525 16,800 35,397,600,000,000 May-18

Jun-18 136,000 16,900 16,250 16,800 35,397,600,000,000 Jun-18

Jul-18 221,700 16,900 16,100 16,300 34,344,100,000,000 Jul-18

Agu-18 530,700 16,375 15,500 15,800 33,290,600,000,000 Aug-18

Sep-18 185,600 16,500 15,000 16,500 34,765,500,000,000 Sep-18

Okt-18 576,300 16,100 15,650 16,000 33,712,000,000,000 Oct-18

Nov-18 140,400 16,100 15,500 15,975 33,659,325,000,000 Nov-18

Des-18 292,500 16,150 15,500 16,000 33,712,000,000,000 Dec-18

-‐

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

17,000

18,000

19,000

-‐

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

Jan-‐17

Feb-‐17

Mar-‐17

Apr-‐17

May-‐17

Jun-‐17

Jul-‐17

Aug-‐17

Sep-‐17

Oct-‐17

Nov-‐17

Dec-‐17

Jan-‐18

Feb-‐18

Mar-‐18

Apr-‐18

May-‐18

Jun-‐18

Jul-‐18

Aug-‐18

Sep-‐18

Oct-‐18

Nov-‐18

Dec-‐18

Share Performance 2017 -‐ 2018

Volume Volume

TerGnggi Highest

Terendah Lowest

Penutupan Closing


s t r u k t u r k E p E m i l i k a n

Ownership Structure

HEINEKEN N.V

HEINEKEN INTERNATIONAL B.V

PT MULTI BINTANG INDONESIA Tbk HEINEKEN ASIA PACIFIC PTE LTD

PUBLIC

99.9%

81.78%

100%

18.22%

0.10%

0.10%99.9%

PT MULTI BINTANG INDONESIA NIAGA

PT TIRTA PRIMA INDONESIA


k r o n o l o g i p E n c a t a t a n s a h a m

Chronology of Share Listing

k r o n o l o g i s p E n c a t a t a n s a h a m d i b u r s a E f E k i n d o n E s i a

Registation of Shares on the Indonesian Stock Exchange

k r o n o l o g i s p E n c a t a t a n s u r a t b E r h a r g a l a i n n Y a

OTHER SECURITIES LISTING CHRONOLOGY

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 /January 2001

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

17,549,988 21,070,000

5 Februari /February 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

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 2018, saham Perseroan hanya tercatat di Bursa Efek Indonesia. Perseroan tidak menerbitkan surat berharga lainnya di bursa efek mana pun.

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.

As of 31 December 2018, the Company’s shares were listed only on the Indonesia Stock Exchange. The Company has not issued any other securities on any exchange.


Profil Perusahaan

c o m p a n Y p r o f i l E


IDENTITAS PERUSAHAANCompany Identity

Nama 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- 27833800F 021-7592 4617

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

Kepemilikan | Ownershipheineken 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/Surabaya Stock Exchange since 1981. 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 beverages

Jumlah karyawan | Number of employees 465 karyawan pada 2018 dan 456 karyawan pada 2017 465 employees in 2018 and 456 employees in 2017

p r o f i l p E r u s a h a a n

Company Profile

Multi Bintang in Brief The Company was established in 1929 in Medan under the name NV Nederlandsch-Indische Bierbrouwerijen. It began operating commercially two years later, on 21 November 1931, when it opened its first brewery in Surabaya. In 1936, the Company relocated its official domicile from Medan to Surabaya. In the same year, Heineken became the Company’s major shareholder, changing the Company’s name to N.V. Heineken’s Nederlandsch-Indische Bierbrouweerijen Maatschappij. After closing during World War II, the brewery resumed operations in 1949 and launched Heineken beer on the Indonesian market. In 1951 the Company changed its name to Heineken’s Indonesische Bierbrouwerijen Maatschappij NV.

Multi Bintang Sekilas PandangPerseroan didirikan pada 1929 di Medan dengan nama NV Nederlandsch-Indische Bierbrouwerijen. Mulai beroperasi secara komersial dua tahun kemudian, pada 21 November 1931, bertepatan dengan pembukaan brewery pertamanya di Surabaya. Pada 1936, Perseroan merelokasi domisili resminya dari Medan ke Surabaya. Di tahun yang sama, Heineken menjadi pemegang saham utama Perseroan, mengubah nama Perseroan menjadi N.V. Heineken’s Nederlandsch-Indische Bierbrouweerijen Maatschappij. Setelah ditutup selama Perang Dunia II, brewery melanjutkan kembali usahanya pada 1949 dan meluncurkan bir Heineken ke pasar Indonesia. Pada 1951 Perseroan mengubah namanya kembali menjadi Heineken’s Indonesische Bierbrouwerijen Maatschappij NV.


The Company underwent a further change of name in 1972, becoming P.T. Perusahaan Bir Indonesia, and built a new brewery in Tangerang, which began operating in 1973.

On 1 January 1981, the Company acquired Medan-based beer and soft drinks producer P.T. Brasseries de l’Indonesia. On 2 September 1981, the Company moved its domicile to Jakarta and changed its name to PT Multi Bintang Indonesia. Later in 1981, the Company listed its shares on the (then) Jakarta Stock Exchange (JSX) and Surabaya Stock Exchange (SSX). Since the merger of the JSX and SSX in December 2007, the Company’s shares have been listed on the Indonesia Stock Exchange (IDX).

In 1997, the Company moved its brewing operation from Surabaya to its new, purpose-built brewery in Sampangagung, East Java.

The Company established its first subsidiary, PT Multi Bintang Indonesia Niaga, in 2004, as the Company’s main distributor, handling sales and marketing operations in Indonesia and overseas. The subsidiary commenced commercial operations on 1 January 2005.

In 2010, Asia Pacific Breweries Limited (APB), based in Singapore, took over Heineken International BV (HIBV)’s majority stake in the Company. HIBV became the Company’s majority shareholder again in September 2013.

In 2014, Multi Bintang supported its expansion into the non-alcoholic beverage and soft drinks business by investing Rp 210 billion in building a modern non-alcoholic beverages plant in Sampangagung. The plant was commissioned 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. PT Tirta Prima Indonesia started commercial production in 2018.

Kemudian pada 1972, Perseroan kembali mengubah namanya menjadi P.T. Perusahaan Bir Indonesia, dan membangun brewery baru di Tangerang, yang mulai beroperasi pada 1973.

Pada 1 Januari 1981, Perseroan mengakuisisi produsen bir dan minuman yang berbasis di Medan, P.T. Brasseries de l’Indonesia. Pada 2 September 1981, Perseroan memindahkan domisilinya ke Jakarta sekaligus mengubah nama menjadi PT Multi Bintang Indonesia. Selanjutnya pada 1981, Perseroan mencatatkan sahamnya di Bursa Efek Jakarta (BEJ) dan Bursa Efek Surabaya (BES). Sejak merjer antara BEJ dan BES pada Desember 2007, saham Perseroan telah dicatatkan di Bursa Efek Indonesia (BEI).

Pada 1997, Perseroan memindahkan usaha brewing dari Surabaya ke brewery baru yang khusus dibangun di Sampangagung, Jawa Timur

Perseroan mendirikan entitas anak yang pertama, PT Multi Bintang Indonesia Niaga, pada 2004, sebagai distributor utama Perseroan, menjalankan usaha penjualan dan pemasaran di Indonesia dan manca negara. Anak perusahaan ini mulai beroperasi secara komersial pada 1 Januari 2005.

Pada 2010, Asia Pacific Breweries Limited (APB), berbasis di Singapura, mengambil alih kepemilikan saham mayoritas Heineken International BV (HIBV)’s di Perseroan. HIBV kembali menjadi pemegang saham utama Perseroan pada September 2013.

Pada 2014, Multi Bintang mendukung ekspansi usahanya ke bisnis minuman non-alkohol dan minuman ringan dengan menginvestasikan Rp 210 miliar untuk pembangunan pabrik minuman non-alkohol moderen di Sampangagung. Pabrik ini diresmikan pada Desember 2014.

Di tahun 2017, Multi Bintang mendirikan entitas anak yang baru, PT Tirta Prima Indonesia, untuk mendukung fokus yang lebih tajam pada bisnis minuman non-alkohol Perseroan. PT Tirta Prima Indonesia memulai produksinya secara komersial pada 2018.

profil bod

Company Milestones

NV Nederlandsch Indische Bierbrouwerijen didirikan di Medan.

NV Nederlandsch Indische Bierbrouwerijen was established in Medan.

1931

1949

1936

1936

1965

1967

1973

1929

Sebuah brewery greenfield dibuka di Surabaya dan mulai memproduksi ‘Java Beer’

The Company commissioned a greenfield brewery in Surabaya and began producing ‘Java Beer’.

Brewery Medan ditutup sementara.

The Medan brewery closed temporarily.

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

The brewery resumed operations after World War II and launched Heineken beer in Indonesia.

Perseroan diambil-alih oleh Pemerintah.

The Company was nationalised by the Indonesian government.

Heineken memperoleh kembali kepemilikan Perseroan dan meluncurkan brand Bintang Baru.

Heineken regained ownership of the Company and introduced a new brand, ‘Bintang Baru’.

Brewery baru milik Perseroan di Tangerang mulai beroperasi.

The Company’s new Tangerang brewery commenced operations.

1981

1997

1992

Perseroan menjadi perusahaan publik, dan dicatatkan sahamnya di Bursa Efek Jakarta dan Surabaya sebagai PT Multi Bintang Indonesia (MLBI).

The Company held an IPO and listed its shares on the Jakarta and Surabaya Stock Exchanges as PT Multi Bintang Indonesia (MLBI).

Perseroan mengambil alih PT Brasseries de L’Indonesie dan brewery-nya di Medan

The Company acquired PT Brasseries de L’Indonesie and its brewery in Medan.

Brewery di Medan ditutup.

The Medan brewery was closed.

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

The Company’s brewing operation in Surabaya relocated to our new brewery in Sampangagung, Mojokerto.

s E J a r a h p E r u s a h a a n

Perseroan berganti nama menjadi PT Perusahaan Bir Indonesia. The Company changed its name again, to PT Perusahaan Bir Indonesia.

1972

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

The Heineken Group became the Company’s main shareholder, renaming it N.V. Heineken’s Nederlandsch-Indische Bierbrouweerijen Maatschappij.

2005Perseroan mendirikan entitas anak perusahaan, PT Multi Bintang Indonesia Niaga, untuk menangani penjualan dan pemasaran brand-brand Perseroan.

The Company established a subsidiary, PT Multi Bintang Indonesia Niaga, to handle the sales and marketing of our brands.

Kami meluncurkan bir non-alkohol pertama dari Perseroan, Bintang Zero.

We launched Multi Bintang’s first non-alcoholic beer, Bintang Zero.

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

Asia Pacific Breweries Limited of Singapore became the majority shareholder in the Company.

Heineken International BV kembali menjadi pemegang saham utama Perseroan. Heineken International BV was re-established as the Company’s majority shareholder.

2010

2013

2013

2014

2017

2018

2015

2016 2017

Kami meluncurkan Bintang Radler, bir dengan kadar 2% alkohol yang dicampur dengan jus jeruk alami.

We launched Bintang Radler, a beer with 2% alcohol and flavoured with natural lemon juice.

Dua produk baru diluncurkan: • Heineken Light• Bintang Radler OrangeTwo new products were launched: • Heineken Light• Bintang Radler Orange

Perseroan mulai mengekspor Bir Bintang ke AS dan Korea Selatan.The Company began exporting Bintang Beer to the USA and South Korea.

PT Tirta Prima Indonesia memulai produksi komersialnya untuk minuman non-alkohol Perseroan.PT Tirta Prima Indonesia started commercial production of the Company’s non-alcoholic beverages.

Fayrouz disertifikasi sebagai halal oleh MUI, menunjukkan bahwa PT Tirta Prima Indonesia sepenuhnya mematuhi Sistem Jaminan Halal MUI.Fayrouz was certified as halal by the MUI, indicating that PT Tirta Prima Indonesia is fully compliant with the MUI’s Halal Assurance System.

Perseroan membuka Pabrik Minuman Non-alkohol di Sampangagung.

Our new non-alcoholic beverages plant in Sampangagung began operating

Kami memperkenalkan branding baru Multi Bintang yang menampilkan logo ‘Spark’ dengan karakter khas.

We introduced Multi Bintang’s new branding with the distinctive ‘Spark’ logo.

PT Multi Bintang Indonesia Tbk merayakan ulang tahun ke 85. Kami meluncurkan sejumlah produk baru:• Bintang Radler 0,0% • Strongbow Cider• Fayrouz, minuman fruit soda dengan rasa pir dan nanas.

PT Multi Bintang Indonesia Tbk celebrated its 85th anniversary.

We launched several new products:

• Bintang Radler 0.0%

• Strongbow Cider

• Fayrouz, a fruit soda in Pear and Pineapple flavours

Brewery Tangerang menuntaskan program upgrading teknisnya. The Tangerang brewery was upgraded.

Perseroan mendirikan entitas anak baru, PT Tirta Prima Indonesia, untuk menjalankan bisnis minuman non-alkohol.

The Company established a new subsidiary, PT Tirta Prima Indonesia, to operate the non-alcoholic beverages business.


Supply Chain Bussiness Controller

Process & Control Improvement Manager

ICT Manager

Commercial Business Controller

Tax Manager

Revenue 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

s t r u k t u r o r g a n i s a s i

Organization Structure

Chin Kean Huat (Michael Chin) PRESIDENT DIRECTOR

CORPORATE SECERTARY

Bambang BritonoCORPORATE AFFAIRS DIRECTOR

Brewery Manager - Tangerang

Brewery Manager - Sampangagung

OpCo Engineering Manager

OpCo Procurement Manager

Senior QA Technologist

Customer Service & Logistic Manager

Chew Boon HeeSUPPLY CHAIN DIRECTOR

Erik Pieter Mul FINANCE DIRECTOR


head of hR Operations

human Resources Manager - Sampangagung Brewery

hRBP TA Brewery & Supply Chain

hR Manager Commercial

health & Safety Manager

Talent Acquisition Manager

People & Organization Development Manager

Regional Sales Manager - West

Regional Sales Manager - Central

Regional Sales Manager - North

Regional Sales Manager - East

Commercial Project Manager

Trade Marketing Manager

Distributor Development Manager

Sales Training Manager

Demand Planning Manager

Marketing Manager National

Marketing Manager International

Media & Digital Manager

Insight Manager

Marketing Manager Services

PT MULTI BINTANG INDONESIA NIAGA

INTERNAL AUDIT MANAGER

Rudy Hidayat SALES DIRECTOR

Winda Yunita*HUMAN RESOURCES

DIRECTOR

Mariska van Drooge-Parlevliet

MARKETING DIRECTOR

* Non Statutory Director


Business ActivitiesIn accordance with the Articles of Association, the Company operates in the beer and other beverages industry. To achieve its business objectives, the Company can conduct the following activities:• The production of beer and other beverages and other

relevant products;• The marketing of its products, as mentioned above, in

local and international markets;• The import of promotional materials relevant to the

above products.

Our BrandsMulti 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; • Heineken Light, a low-calorie beer with a 3% alcohol

content• Bintang Radler, a fusion of Bintang beer 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 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.

In addition, Multi Bintang imports:• Strongbow Gold Apple, the world’s leading cider brand.

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

Kegiatan Usaha

Sesuai dengan Anggaran Dasar, Perseroan menjalankan usaha dalam industri bir dan jenis minuman lainnya. Untuk mencapai tujuan bisnisnya, Perseroan dapat melakukan kegiatan-kegiatan berikut:• Produksi bir dan minuman lain serta produk-produk

terkait lainnya;• Pemasaran produk-produknya, seperti tersebut di

atas, baik di pasar lokal maupun internasional;• Impor materi-materi promosi yang relevan dengan

produk-produk tersebut.

Brand-brand KamiMulti Bintang menghasilkan produk-produk sebagai berikut:• Bir Bintang, brand bir ikonik dan paling digemari di

Indonesia;• Heineken®, brand bir premium internasional yang

paling bernilai di dunia; • Heineken Light, bir rendah kalori dengan kadar

alkohol 3%;.• Bintang Radler, minuman kombinasi unik Bir Bintang

dengan jus citrus alami yang tersaji dalam dua varian: Bintang Radler Lemon dan Bintang Radler Orange;

• Bintang Zero 0,0%, minuman malt non-alkohol pertama di Indonesia;

• Bintang Radler Lemon 0,0%, minuman malt berkarbonasi bebas-alkohol dengan campuran jus lemon alami;

• Fayrouz, minuman soda unik berbasis malt, jus buah dan sparkling water, tersedia dalam dua macam rasa, Nanas dan Pir ;

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

Sebagai tambahan, Multi Bintang melakukan impor:• Strongbow Gold Apple, brand cider terkemuka di

dunia.

Penjualan dan pemasaran keseluruhan produk tersebut dijalankan oleh entitas anak perusahaan, PT Multi Bintang Indonesia Niaga, sebagai distributor utama.


Entitas AnakPT 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

BreweriesJl. 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

(dioperasikan oleh PT Tirta Prima Indonesia)Jl. Raya Sampangagung, Kuripansari Km 1,Desa Sampang Agung, Kec. Kutorejo,Kab. Mojokerto, Jawa Timur, IndonesiaT 0321- 2800880F 0321- 592 508

SubsidiariesPT 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

BreweriesJl. 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 (operated by PT Tirta Prima Indonesia)Jl. Raya Sampangagung, Kuripansari Km 1,Desa Sampang Agung, Kec. Kutorejo,Kab. Mojokerto, Jawa Timur, IndonesiaT 0321- 2800880F 0321- 592 508

E n t i t a s a n a k

Subsidiaries


n a m a d a n a l a m a t l E m b a g a d a n p r o f E s i o n a l

p E n u n J a n g p a s a r m o d a l

Names and addresses of capital market supporting

institutions and/or professionals

i n f o r m a s i w E b s i t E p E r u s a h a a n

INFORMATION ON THE COMPANY WEBSITE

The corporate website, www.multibintang.co.id, provides amongst others the following information: • Information on the majority shareholder and number

of public shareholders;• The Code of Business Conduct in full;• Summaries of the minutes of Annual and Extraordinary

General Meetings of Shareholders as well as related notices and invitations, dating back to 2015;

• The Company’s annual reports/financial statements dating from 2005, and quarterly (interim) financial statements dating from 2011;

• Profiles of the Board of Commissioners, Board of Directors and the Audit Committee; and

• The Charters of the Board of Directors, Audit Committee and Internal Audit Unit, and the Terms of Reference of the Remuneration Committee.

Website Perseroan, www.multibintang.co.id, menyajikan antara lain informasi berikut: • Informasi tentang pemegang saham utama dan jumlah

pemegang saham publik; • Kode Etik Bisnis - edisi lengkap;• Kesimpulan dari Notulen hasil Rapat Umum

Pemegang Saham Tahunan (RUPST) dan RUPS Luar Biasa (RUPSLB) serta surat edaran dan undangan, sejak tahun 2015;

• Laporan tahunan/laporan keuangan sejak tahun 2005, dan laporan keuangan kuartalan (interim) sejak tahun 2011;

• Profil Dewan Komisaris, Direksi dan Komite Audit; • Piagam-piagam Direksi, Komite Audit dan Unit

Audit Internal, serta Kerangka Acuan untuk Komite Remunerasi.

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]

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]


visi misi profil kami

Vision

Wow! IndonesIa melalui brand-brandnya, orang-orangnya dan kinerjanya.

to Wow! Indonesia with our brands, people, and performance.

visi


visi misi profil kami

corporate culture

Budaya Perusahaan

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

ValueNilaiHasrat untuk kualitas dalam segala sesuatu 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 alam. Respect for people & planet.

Multi Bintang telah mengadopsi ‘Heineken Behaviours and Leadership Expectations’ sebagai budaya korporasi. Perilaku, yang berlaku bagi seluruh karyawan, meliputi: ‘Put Safety First, Act as an Entrepreneur, Collaborate Through Trust, Keep it Simple, dan Learn to Improve.’ ‘The Leadership Expectations’, yang berlaku untuk peran kepemimpinan, yaitu: ‘Connect, Shape, Develop, Deliver, dan Role Model the Behaviours’.

Multi Bintang has adopted the Heineken Behaviours and Leadership Expectations as its corporate culture. The Behaviours, which apply all employees, are: Put Safety First, Act as an Entrepreneur, Collaborate Through Trust, Keep it Simple, and Learn to Improve. The Leadership Expectations, which apply to people in leadership roles, are: Connect, Shape, Develop, Deliver, and Role Model the Behaviours.


p r o f i l k a r Y a w a n

Employee Profile

89 85

376

Komposisi karyawan berdasarkan jender

Employee composition by gender

Komposisi karyawan berdasarkan jenjang pendidikan

Employee composition by educational level

Komposisi karyawan berdasarkan usia

Employee composition by age

Master (S2, S3) | Master’s DegreeSarjana (S1) | Bachelor’s Degree

2017

2017

2018

2018

371

57.8%

7.1% 6.1%

55.7%

18.1% 17%17.5%

20.6%

Diploma | DiplomaSekolah Lanjutan & Kejuruan | high School & Vocational

KELOMPOK USIA Age group 2018 2017

20 - 25 tahun | years 27 31

25 - 30 tahun | years 102 95

30 - 35 tahun | years 99 95

35 - 40 tahun | years 77 77

40 - 45 tahun | years 45 46

45 - 50 tahun | years 67 65

50 - 55 tahun | years 37 36

55 - 60 tahun | years 11 11

Jumlah Total | Grand Total 465 456


Komposisi karyawan berdasarkan status kerja

Employee composition by employment status

Komposisi karyawan berdasarkan peringkat jabatan

Employee composition by job level

Kontrak | ContractTetap | PermanentMasa Percobaan | Probation

2018

2018

2017

2017

45

414

6

52

397

7

Kepala DivisiDivisional Head

Kepala DivisiDivisional Head

DireksiBoard Of Directors

DireksiBoard Of Directors

Manajer SeniorSenior Manager

Manajer SeniorSenior Manager

Supervisor / Manajer JuniorSupervisor / Junior Manager

Supervisor / Manajer JuniorSupervisor / Junior Manager

StaffStaff

StaffStaff

PKB CLA

PKB CLA

4

3

4

2

75 72

180 166

124 131

79 81


a w a r d s d a n s E r t i f i k a s i

Awards and Certification

Jakarta, 23 Februari 2018

Board of Jury:

Hj. Irlisa Rachmadiana,SSn.,MM.

Pendiri

AWArded to :

Dr. Ayu Ekasari,SE.,MM.

Ketua Dewan Juri

A w A r d -II- 2 0 18

PT. Multi Bintang Indonesia, TbkPlatinum

Score : 100 n Very excellent - A

Public comPany

Jakarta, 23 Februari 2018

Board of Jury:


Pendiri


Ketua Dewan Juri

A w A r d -II- 2 0 18

AWArded to :

PT. Multi Bintang Indonesia, Tbk

The Big 7The Best of The Best CSR of The Year 2018

Score : 100

Brand-Brand Indonesia Paling Berharga (Brand Finance dan Majalah SWA) Bir Bintang mendapat peringkat Brand Indonesia Paling Berharga ke-52 pada 2018. Multi Bintang telah memperoleh penghargaan ini setiap tahun dengan peringkat yang terus meningkat, sejak 2013.Most Valuable Indonesian Brands (Brand Finance and SWA Magazine) Bintang Beer was ranked 52nd Most Valuable Indonesian Brand in 2018. Multi Bintang has received this award annually, improving its ranking, since 2013.

Penghargaan Corporate Social Responsibility II-2018 (Majalah Economic Review) Multi Bintang merebut tiga penghargaan:

Corporate Social Responsibility Awards II-2018 (Economic Review Magazine) Multi Bintang received three awards:

Penghargaan K3 dari Propinsi Banten (Gubernur Banten) Multi Bintang meraih penghargaan ‘Zero Accident Award’.

Banten Province OHS Awards (Governor of Banten) Multi Bintang received a Zero Accident Award.

1

3 4

2Jakarta, 23 Februari 2018

Board of Jury:


Pendiri

AWArded to :


Ketua Dewan Juri

A w A r d -II- 2 0 18

PT. Multi Bintang Indonesia, Tbk

Peringkat - 1

Kategori : TbkIndustri : INDUSTRI BARANG & KONSUMSI

PLATINUM

Peringkat pertama dalam Kategori Perusahaan

Publik, Industri Barang-barang Konsumsi.

Ranked first in the Public Company Category,

Consumer Goods Industry.

Penghargaan Platinum dengan peringkat ‘Sangat Unggul’ dalam Kategori

Perusahaan Publik.Platinum Award with ‘Very

Excellent’ rating in the Public Company Category

Penghargaan ‘7 Besar’ dalam kategori Best of the

Best CSR Tahun 2018.‘Big 7’ Award in the Best

of the Best CSR of the Year 2018 Category

Penghargaan Perusahaan Publik Terbaik Indonesia 2018 (Warta Ekonomi) Perusahaan Publik yang Sangat Baik, kategori Barang-barang Konsumsi.Indonesia’s Best Public Companies Awards 2018 (Warta Ekonomi) Very Good Public Company Award, Consumer Goods Category.


Jakarta, July 26th, 2018

Kemal GaniGroup Chief Editor SWA

Based on WAITM (Wealth Added Index) Method*

* Method by:

This is to certify that

PT Multi Bintang Indonesia TbkAs

The 15th Ranking ofINDONESIA THE BEST PUBLIC COMPANIES BASED ON WAITM (OVERALL) 2018

The 4th Ranking ofINDONESIA THE BEST PUBLIC COMPANIES BASED ON WAITM 2018

INDUSTRY CATEGORY : Food Beverages & Tobacco

100 Perusahaan Publik Terbaik di Indonesia dari SWA: Best Wealth Creator (Majalah SWA) Multi Bintang memperoleh peringkat ke-15 dari keseluruhan, dan ke-4 dalam kategori Makanan, Minuman & Tembakau.SWA 100 Indonesia Best Public Companies 2018: Best Wealth Creator (SWA Magazine) Multi Bintang was ranked 15th overall and 4th in the Food, Beverage & Tobacco Category.

‘Australian International Beer Awards 2018’ (Royal Agricultural Soicety of Victoria) Bintang Bir dianugerahi Medali Perak di ajang Kejuaraan Bir Internasional Australia.Australian International Beer Awards 2018 (Royal Agricultural Society of Victoria) Bintang Beer was awarded the Silver Medal at the Australia International Beer Awards.

Monde Selection 2018 Bir Bintang memenangkan Gold Quality Award dari Monde Selection, sebuah lembaga internasional terkemuka yang memeringkat kualitas dari bir, air dan minuman ringan.Monde Selection 2018 Bintang Beer received a Gold Quality Award from Monde Selection, a leading international institution that rates the quality of beers, waters and soft drinks.

5

6

7‘Melbourne International Beer Competition 2018’ Bir Bintang memenangkan hadiah Emas dalam Kategori Pilsner.Melbourne International Beer Competition 2018 Bintang Beer won Gold in the Pilsner Category.

2018

PT MULTI BINTANG INDONESIA BINTANG PILSNER BEER BINTANG

94 8

‘World Beer Awards 2018’ Bir Bintang memenangkan hadiah sebagai Juara Indonesia. World Beer Awards 2018 Bintang Beer was the Country Winner.

9


a w a r d s d a n s E r t i f i k a s i

Awards and CertificationPT MULTI BINTANG INDONESIA

BINTANG PILSNER BEER

92

10

Kepatuhan ketentuan bea cukai (Kantor Pajak Tangerang). Brewery Tangerang meraih penghargaan atas kepatuhannya terhadap pembayaran bea dan cukai.Excise Duty Compliance (Tangerang Tax Office) The Tangerang Brewery received an award for its excise payment compliance in 2018.

PT MULTI BINTANG INDONESIA BINTANG PILSNER BEERIndonesia Brewery of the Year

12 Kontributor Pembayaran Bea Cukai Terbesar (Kantor Pajak Tangerang). Brewery Tangerang memperoleh

penghargaan untuk kinerja pembayaran bea cukai selama

2018.Largest Excise Duty

Contributor (Tangerang Tax Office) The Tangerang Brewery received an award for its excise payment performance in 2018.

11

SERTIFIKAT DI 2018Certification in 2018

JENIS SERTIFIKASI Certification Type

PENERIMA Recipient

BERLAKU SAMPAI Valid until

LEMBAGA SERTIFIKASI Certifying body

ISO 9001 (Quality Management System)Tangerang Brewery 17 Mei | May 2019 Lembaga ISO (SGS)

ISO Organisation (SGS)Sampangagung Brewery 21 April | April 2019

FSSC 22000 (Sistem Keamanan Pangan) FSSC 22000 (Food Safety System)

Tangerang Brewery 13 Februari | February 2020 Lembaga ISO (SGS) ISO Organisation (SGS)Sampangagung Brewery 28 April| April 2020

Laboratory Star System Sampangagung Brewery 3 Juli | July 2023 heineken Global Supply Chain

PROPER (Manajemen Lingkungan dan Keberlanjutan) Peringkat hIJAU PROPER (Environmental Management and Sustainability) GREEN rating

Tangerang Brewery 2017-2018

Kementerian Lingkungan dan Kehutanan Ministry of Environment and Forestry

ISO 14001 (Environmental Management System)

PT Multi Bintang Indonesia Tbk

26 Mei | May 2019Lembaga ISO (SGS) ISO Organisation (SGS)

Sampangagung Brewery 24 Mei | May 2019

Sistem Manajemen Kesehatan & Keselamatan Kerja SMK3 (Occupational health & Safety Management System)

Tangerang Brewery,Peringkat EMASTangerang Brewery, GOLD rating

14 Juli | July 2020

Kementerian Tenaga Kerja dan Transmigrasi Ministry of Manpower and Transmigration

‘Asia International Beer Competition 2018’ Multi Bintang memenangkan dua penghargaan:• Bir Bintang mendapat medali Perak dalam kategori German Style Pilsner.• Brewery Tangerang dinobatkan sebagai ‘Indonesian Brewery of the Year’.

Asia International Beer Competition 2018 Multi Bintang won two awards: • Bintang Beer was awarded the Silver medal in the German Style Pilsner Category.• The Tangerang Brewery was named Indonesian Brewery of the Year.


Event Highlightsp E r i s t i w a p E n t i n g

marEt MARCHBintang menjadi salah satu sponsor resmi Jakarta International Java Jazz Festival, salah satu event jazz terbesar di dunia.

Bintang was one of the official sponsors of the Jakarta International Java Jazz Festival, one of the world’s biggest jazz events.

Para fans sepakbola di Indonesia berbagi kemeriahan kompetisi sepakbola paling bergengsi di Eropa dengan menonton siaran langsung yang disponsori oleh Heineken, mitra resmi Liga Champions UEFA.

Football fans in Indonesia shared the excitement of Europe’s most prestigious football competition at live screening hosted by Heineken, the official partner for the UEFA Champions League.

april APRILKami menyelenggarakan ‘Heineken National Bartender Competition 2018’.

We held the Heineken National Bartender Competition 2018

Heineken Light mensponsori acara USS Live, menampilkan kolaborasi edisi terbatas antara Heineken USA x A Bathing Ape Capsule Collection. Acara ini juga menarik merek lokal seperti Untold dan CMMN

Heineken Light sponsored the USS Live event, showcasing a limited edition collaboration between Heineken USA x A Bathing Ape Capsule Collection. The event also attracted local brands such as Untold and CMMN.


Juli JULYBintang menghadirkan ribuan fans sepakbola untuk berbagi kemeriahan nobar (nonton bareng) tayangan langsung siaran Piala Dunia 2018 dan promosi di lebih dari 1130 gerai di seluruh Nusantara selama Juni dan Juli.

agustus AUGUSTBir Bintang mulai melakukan ekspor ke AS.Bintang Beer began exporting to the USA.

Heineken Light menggoncangkan kalayak milenial dengan menampilkan event EDM terbesar di dunia ke Indonesia.Heineken Light thrilled millennials by bringing Sensation, one of the world’s biggest EDM events to Indonesia.

sEptEmbEr SEPTEMBERHeineken mensponsori ‘Invasion Party’, sebuah festival musik dan tari indoor terbesar di Indonesia. Heineken sponsored the Invasion Party, Indonesia’s biggest indoor dance music festival.

Bintang brought thousands of football fans together to share the excitement of the 2018 World Cup with live match screening and promotions in more than 1130 outlets across the country in June and July.

Juni JUNEBir Bintang mulai melakukan ekspor ke Korea Selatan.Bintang Beer began exporting to South Korea.

mEi MAYKami meresmikan pelaksanaan acara relaunch format baru dari Responsible Serving Training, Excellent and Responsible Service on Alcoholic Beverages (ERSA) pada 2 Mei 2018 di Grand Hyatt Jakarta.

We officially relaunched the new format of our Responsible Serving Training, Excellent and Responsible Service on Alcoholic Beverages (ERSA) on 2 May 2018 at the Grand Hyatt Jakarta.

Event Highlightsp E r i s t i w a p E n t i n g

Bintang menyediakan platform untuk kolaborasi kreatif yang seru antara jawara Gen X dan milenial terkemuka melalui acara Sound of Bintang, yang berlangsung dari Mei hingga Desember.

Bintang provided a platform for intriguing, creative collaborations between prominent Gen X and millennials through its Sound of Bintang event, which ran from May to December.

TPI menghasilkan produk pertamanya dari pabrik bersertifikat halal.TPI produced its first products from its halal-certified plant.


Fasilitas Biomassa di Sampangagung resmi dibuka.The Biomass Facility in Sampangagung was officially launched.

s E p t E m b E r SEPTEMBERBintang mensponsori Soundrenaline, festival musik terkemuka di Indonesia, yang mementaskan penampilan artis musisi lokal dan internasional dari beragam genre. Bintang sponsored Soundrenaline, Indonesia’s foremost music festival, presented local and international acts from multiple genres.

oktobEr OCTOBER

Perseroan mengadakan acara tahunan Kunjungan Media Oktoberfest.

The Company held its annual Oktoberfest Media Visit.

dEsEmbErDECEMBER

Kami menggelar Radler Finger Food Festival, festival kudapan paling pertama di Indonesia, menampilkan Bintang Radler sebagai teman ideal untuk makan santai, di siang maupun

malam hari.We held the Radler Finger Food Festival, the country’s first ever snack food festival, featuring Bintang Radler as the ideal pairing for casual

eating at any time of day or night.

Event Light Here Light There dari Heineken menjuarai kompetisi event Peluncuran Produk Terbaik 2018 dari Majalah MIX.

Heineken’s Light Here Light Now event won the Best Product Launching Event 2018 from MIX Magazine.

Prakarsa GO Bintang (Green Office Multi Bintang) diperkenalkan secara resmi. The GO Bintang (Green Office Multi Bintang) initiative was officially launched.

Heineken mensponsori Urban Sneakers Society 3.0, salah satu acara streetwear gaya hidup terbesar di Asia Pasifik, di Jakarta. USS adalah platform kolaborasi tahunan pasar hype streetwear, musik hype, dan instalasi seni perspektif hype.Heineken sponsored Urban Sneakers Society 3.0, one of the biggest lifestyle streetwear events in Asia Pacific, in Jakarta. USS is an annual collaborative platform of hype streetwear marketplace, hype music, and hype perspective art installations.

n o V E m b E r NOVEMBER


Laporan Manajemen

m a n a g E m E n t r E p o r t


Report of the Board of Commisioners

l a p o r a n d E w a n k o m i s a r i s


DENGAN BESAR HATI SAYA

MENGUMUMKAN BAHWA MULTI BINTANG

KEMBALI MEMPEROLEH PENDAPATAN

YANG SOLID SEKALIGUS MELAKUKAN

PERCEPATAN TRANSFORMASI MENJADI

SEBUAH PERUSAHAAN multi-beverage

YANG AKAN MENJADI LANDASAN

BAGI PERTUMBUHAN MASA DEPAN

PERSEROAN.

I A M P L E A S E D T O A N N O U N C E M U L T I

B I N T A N G W A S A G A I N A B L E T O D E L I V E R

S O L I D R E S U L T S W H I L E A C C E L E R A T I N G

T H E T R A N S F O R M A T I O N I N T O A M U L T I -

B E V E R A G E C O M P A N Y T H A T W I L L B E T H E

B A S I S F O R O U R F U T U R E G R O W T H .


Assessment of the Board of Directors’ management of the business in 2018 A rebound in domestic consumption and continued export expansion drove a slight acceleration of Indonesia’s GDP growth to 5.2% in 2018. Nevertheless, the country was challenged by a deepening current account deficit and a weakening Rupiah, which put pressure on the Company’s input costs. Consumer confidence continued to be strong, although this was not reflected in strong growth in spending on fast-moving consumer goods in general. The positive sentiment mainly led to rising spending on overseas travel, education and eating out, whilst car and motorcycle sales were also up versus 2017.

In the beginning of 2018, Indonesia’s tourism sector still faced the lingering effects of the threat of a volcanic eruption on Bali, which is the key focus of the tourist industry. However, as from the second quarter, the situation normalised and by year-end, a record of almost 16 million international tourists had flocked to both established and emerging destinations across the country, thereby putting the country back on track to meet the President’s target of 20 million arrivals. While the situation in Bali contributed to a bleak first quarter for the Company, management maximised the opportunities offered by the subsequent upsurge in tourist arrivals, as well as by special events such as activation around Football World Cup and the IMF-World Bank meeting in Bali in September, and closed the year with satisfactory results.

Throughout the year, the Board of Directors maintained a sharp focus on delivering Multi Bintang’s transformation strategy. We were pleased to note that this resulted in some tangible outcomes, all of which were milestones for the Company. We realised strong double-digit volume and revenue growth in non-alcoholic beverages and added two prestigious export markets for Bintang beer, namely the United States and Korea. We launched a new, digital route to market through our B2B app, Toko Bintang. As part of our Corporate Sustainability agenda, we completed the first biomass facility for FMCG factories in Indonesia, a key step towards our renewable energy future. Finally yet importantly, we obtained halal certification for the production facilities of Tirta Prima Indonesia, the Company’s subsidiary that produces non-alcoholic drinks. Together, these achievements put the Company on a firm footing for sustained value growth.


Report of the Board of Commisioners

Penilaian pengelolaan bisnis oleh Direksi

selama 2018Bergairahnya kembali konsumsi domestik dan pengembangan ekspor yang berkelanjutan mendorong percepatan pertumbuhan PDB Indonesia menjadi 5,2% pada 2018. Namun demikian, Indonesia menghadapi tantangan berupa defisit neraca pembayaran yang membesar saat ini serta melemahnya nilai Rupiah, yang memberi tekanan terhadap input cost Perseroan. Kepercayaan konsumen makin menguat, kendati hal tersebut belum tercermin dalam kuatnya pertumbuhan pengeluaran untuk FMCG pada umumnya. Sentimen positif tersebut khususnya terarah pada peningkatan pengeluaran untuk perjalanan ke manca negara, pendidikan dan kuliner, sedangkan penjualan mobil dan sepeda motor juga naik dibandingkan 2017.

Di awal 2018, sektor pariwisata Indonesia masih menghadapi dampak berlarut-larutnya ancaman erupsi gunung berapi di Bali, yang merupakan fokus utama industri pariwisata. Namun demikian, sejak kuartal kedua, situasi kembali pulih dan pada akhir tahun, mencatatkan prestasi hampir 16 juta wisatawan internasional yang mengunjungi destinasi wisata, baik yang telah mapan maupun baru berkembang di seluruh Nusantara, sehingga membawa Indonesia kembali ke jalur yang tepat untuk meraih target yang dicanangkan Presiden sebanyak 20 juta kunjungan wisatawan. Sementara situasi di Bali berkontribusi terhadap hasil di bawah harapan pada kuartal pertama bagi Perseroan, manajemen telah memaksimalkan peluang yang ditawarkan oleh pasang-naiknya kunjungan wisatawan, serta berkat event-event khusus seperti aktivasi sekitar Piala Dunia Sepak Bola dan pertemuan IMF-Bank Dunia yang digelar di Bali pada September, sehingga menutup tahun dengan mencapai hasil yang memuaskan.

Sepanjang tahun, Direksi menjaga fokus dengan tajam dalam menerapkan strategi transformasi Multi Bintang. Dengan gembira kami sampaikan bahwa konsistensi tersebut membuahkan hasil yang nyata, yang keseluruhannya menjadi tonggak sejarah bagi Perseroan. Kami merealisasikan pertumbuhan volume dan pendapatan double-digit yang kuat dalam minuman non-alkohol dan memperluas dua pasar ekspor bergengsi untuk Bir Bintang, yaitu Amerika Serikat dan Korea. Kami meluncurkan jalur digital baru ke pasar melalui B2B app kami, Toko Bintang. Sebagai bagian dari agenda Keberlanjutan Korporasi, kami telah merampungkan fasilitas biomass pertama untuk pabrik FMCG di Indonesia, sebuah langkah utama dalam mewujudkan masa depan energi terbarukan kami. Akhirnya dan tidak kalah pentingnya, kami telah meraih sertifikat halal untuk fasilitas produksi PT Tirta Prima Indonesia, anak perusahaan Perseroan yang memproduksi minuman non-alkohol. Secara bersamaan, kedua pencapaian ini telah menempatkan Perseroan dalam landasan yang kokoh menuju pertumbuhan nilai yang berkelanjutan.


We cannot sum up the year without mentioning the series of natural disasters that devastated Indonesia in 2018. As the country rallied to support the recovery efforts, the Company was able to contribute its small part through the Yayasan Sahabat Multi Bintang, which supplied much needed water pumps in Lombok as well as providing support through the Indonesian Red Cross to the people of Palu and Donggala.

Through the Yayasan, the Company is also working to prevent disasters of a different nature, namely flooding, landslides and acute water shortage, by collaborating with communities to regreen the watersheds that provide our water. In 2018 alone, some 4,000 trees were planted in Mojokerto district.

Strategic supervision and guidance of the

Board of DirectorsI can confirm that the Board of Commissioners actively supervised the implementation of Multi Bintang’s business strategy through the various means at our disposal during the year. Corporate strategic plans were developed, refined and reviewed at the six joint Board meetings we held with the Directors during the year. We used these occasions to request explanations and offer direction where needed. We are also available to the Directors at any time, on an individual basis, to advise on specific areas where our respective expertise and experience can be of value. One of the important strategic projects for the company in 2018, which we discussed in detail with the Board, was the operational go-live of production at our subsidiary Tirta Prima Indonesia which started production of our non-alcoholic beverages in 2018 and which obtained halal certification for our Fayrouz products.

The Audit Committee assisted us in ensuring that the strategies were executed in accordance with the Company’s agreed procedures, controls and standards. We also held several discussions with the Board of Directors on their implementation of the recommendations of the Audit Committee, the Internal Audit Department and the external auditor.

Corporate governanceWe believe that good corporate governance is the foundation for the Company’s sustained growth: it strengthens accountability, reduces risk and builds trust among all our stakeholders. To remain effective, however, our corporate governance systems and practices must be regularly reviewed and updated to reflect the development of the business and the dynamism of our operating environment.

Kami tidak dapat menyimpulkan laporan tahun ini tanpa menyebut serangkaian bencana alam yang menghancurkan sebagian wilayah tanah air pada 2018. Saat bangsa Indonesia menggalang dukungan upaya pemulihan, Perseroan berkontribusi mengambil bagian kecilnya melalui Yayasan Sahabat Multi Bintang, dengan menyediakan pompa air yang sangat diperlukan di Lombok serta memberikan dukungan melalui Palang Merah Indonesia bagi masyarakat di Palu dan Donggala.

Melalui Yayasan, Perseroan juga bekerja untuk mencegah berbagai bencana alam, seperti banjir, tanah longsor dan kekurangan air akut, melalui kerja sama dengan masyarakat untuk mengatur kembali daerah aliran sungai yang menyediakan air untuk kita. Pada tahun 2018 saja, sekitar 4.000 pohon ditanam di kabupaten Mojokerto.

Supervisi dan panduan strategis terhadap

DireksiSaya dapat menegaskan bahwa Dewan Komisaris secara aktif melakukan pengawasan terhadap implementasi dari strategi bisnis Multi Bintang melalui berbagai cara yang menjadi kebijakan kami selama tahun berjalan. Rencana strategis korporasi dikembangkan, disempurnakan dan dikaji dalam enam kali pertemuan Dewan yang kami selenggarakan bersama Direksi dalam setahun. Kami memanfaatkan forum tersebut untuk meminta penjelasan dan memberikan arahan apabila diperlukan. Kami juga siap secara pribadi untuk melayani Direksi setiap waktu, guna memberikan saran tentang aspek-aspek tertentu yang menjadi keahlian dan pengalaman kami yang bermanfaat. Salah satu proyek strategis penting Perseroan pada 2018, yang kami bahas secara rinci bersama Dewan adalah mulai beroperasinya produksi dari anak perusahaan PT Tirta Prima Indonesia yang mulai memproduksi minuman non-alkohol sejak 2018 dan memperoleh sertifikat halal untuk produk- Fayrouz kami.

Komite Audit membantu kami dalam memastikan bahwa strategi tersebut dilaksanakan sesuai dengan prosedur, pengendalian dan aturan baku yang disetujui Perseroan. Kami juga mengadakan serangkaian diskusi dengan Direksi tentang penerapan dari rekomendasi Komite Audit, Departemen Audit Internal dan auditor eksternal.

Tata kelola PerusahaanKami meyakini bahwa tata kelola perusahaan yang baik merupakan fondasi bagi pertumbuhan berkelanjutan Perseroan: memperkuat akuntabilitas, mengurangi risiko dan membangun kepercayaan di antara sesama pemangku kepentingan kami. Agar senantiasa efektif, bagaimana pun juga, sistem dan praktik-praktik tata kelola perusahaan kami harus selalu ditinjau dan diperbaharui secara teratur untuk merefleksikan perkembangan bisnis dan dinamika dari lingkungan operasional kami.


In 2018, we oversaw several changes in the governance framework, such as the introduction of a new risk management methodology and the launch of a revamped, more comprehensive Code of Business Conduct, whilst we consistently strengthened several of our internal controls. We believe these improvements have made the governance framework more fit for purpose.

Within the Indonesian business community, the Indonesian Institute for Corporate Directorship (IICD)’s annual assessment of the country’s top 200 listed companies, based on the OECD’s corporate governance principles, is increasingly being used as an objective measure of GCG performance. In 2018, the Company managed to maintain its IICD ranking in the Top 50 of the large cap companies, which reinforced our confidence that our governance practices are well embedded. Nevertheless, we still see some room for improvement, and we will continue to ensure that the IICD findings, as well as those of our internal and external auditors, are promptly and effectively addressed.

Whistleblower systemAn important support for our strengthened controls is a robust whistle-blower mechanism. At Multi Bintang, any suspected misconduct can be reported through multiple secure and confidential channels. Claims that merit further investigation are dealt with by the Internal Audit Department. Through their regular reports to the Audit Committee, which is chaired by one of our Independent Commissioners, the Board is able to monitor the cases and their follow-up, and the functioning of the system overall. Based on the number of reports received in 2018, we believe that employees are well aware of the whistle-blower mechanism and feel free to report their concerns.

Overview and opinion of business

prospects In general, analysts expect Indonesia to maintain its moderate growth momentum throughout 2019, with GDP hovering around the 2018 level. The IMF has downgraded its forecast to 5.1%, citing global uncertainties, particularly those arising from US-China trade tensions, the protracted Brexit negotiations and rising global oil prices, as a potential drag on national and global economic growth over the coming months.


Report of the Board of CommisionersPada 2018, kami mencermati beberapa perubahan dalam kerangka kerja tata kelola, seperti pengenalan metodologi pengelolaan risiko baru dan peluncuran Kode Etik Bisnis yang diperbaharui menjadi lebih komprehensif, seraya konsisten memperketat sejumlah pengendalian internal kami. Kami percaya bahwa serangkaian penyempurnaan tersebut menjadikan kerangka kerja tata kelola semakin sesuai dengan tujuannya.

Dalam komunitas bisnis Indonesia, penilaian tahunan dari Indonesian Institute for Corporate Directorship (IICD) terhadap top 200 perusahaan terbuka di Indonesia, berdasarkan prinsip-prinsip tata kelola perusahaan yang baik (GCG) dari OECD, semakin dimanfaatkan sebagai parameter obyektif GCG. Pada 2018, Perseroan berhasil mempertahankan peringkat IICD dalam Top 50 perusahaan bermodal besar, yang kian mengukuhkan kepercayaan kami bahwa praktik-praktik tata kelola kami telah diterapkan secara baik. Bagaimana pun juga, kami masih melihat adanya beberapa bidang yang memerlukan penyempurnaan, dan kami akan terus memastikan bahwa hasil-hasil temuan IICD, serta temuan auditor internal maupun eksternal, akan segera ditindak-lanjuti secara efektif.

Sistem pengungkapan pelanggaranDukungan penting bagi penguatan kontrol kami adalah tersedianya mekanisme whistle-blower yang efektif. Di Multi Bintang, setiap tindak pelanggaran yang dicurigai dapat dilaporkan melalui saluran dengan pengaman berganda yang bersifat rahasia. Klaim-klaim yang memerlukan pemeriksaan lebih-lanjut akan ditangani oleh Departemen Audit Internal. Melalui sistem pelaporan berkala mereka kepada Komite Audit, yang diketuai oleh seorang Komisaris Independen, Direksi mampu memantau kasus-kasus dan tindak-lanjutnya, serta fungsionalisasi dari keseluruhan sistem. Berdasarkan jumlah laporan yang diterima sepanjang tahun 2018, kami percaya bahwa para karyawan memahami mekanisme whistle-blower dan merasa bebas untuk melaporkan pengaduannya.

Tinjauan dan pendapat tentang prospek

bisnisPada umumnya, para analis berharap Indonesia terus mempertahankan momentum pertumbuhan moderat selama 2019, dengan PDB yang bergerak pada kisaran level 2018. IMF telah mnurunkan perkiraannya ke angka 5,1%, terkait dengan ketidak-pastian global, khususnya yang timbul akibat ketegangan hubungan dagang AS-China, berlarut-larutnya perundingan Brexit dan kenaikan harga minyak dunia, sebagai hambatan potensial terhadap pertumbuhan ekonomi nasional dan global selama beberapa bulan mendatang.


In the Board’s view, the country’s economic fundamentals remain sound, and consumer sentiment is expected to remain cautiously upbeat. The healthy increase in tourist arrivals to Indonesia looks likely to continue and will provide a positive boost to the growth in the beverage market, particularly beer. Moreover, the growth in spending on travel and consumer foodservices by Indonesians, particularly millennials, may represent further growth opportunities for the beverage industry.

The Board of Directors has signalled its intention in evolving the Company’s transformation by strengthening execution and penetration, particularly in premium beer, cider, low and non-alcohol categories; continuing to empower customers through digital innovation; and deriving more value from the supply chain. Having carefully reviewed the Board of Directors’ strategic plans and priorities in light of the projections above, we are confident that they reflect an appropriate balance of ambition and prudence, and will keep the business on track for sustained value growth.

Changes in the composition of the Board

of CommissionersOn behalf of the Board I would like to express my thanks and good wishes to Mr Henricus Petrus van Zon, who stepped down from his position as a Commissioner at the Extraordinary Meeting of Shareholders on 6 December 2018 to enjoy his well-deserved retirement. We also express a warm welcome to Mr Yong Weng Hong, who succeeds him on the Board.

Our thanks go, as ever, to the Board of Directors, management and all the employees for their dedication to delivering the Company’s strong performance. I would also like to extend the Board’s appreciation to our shareholders, partners, customers and consumers for your continued support during the year. We are excited about continuing to create value for all of you in the year ahead.

Jakarta, Maret/March 2019

Untuk dan atas nama dewan Komisaris, For and on behalf of the Board of Commissioners,

Dr. Cosmas Batubara

Presiden Komisaris —President Commissioner

Dalam pandangan Dewan, fundamental ekonomi Indonesia tetap kokoh, dan sentimen konsumen diharapkan tetap positif bergairah. Peningkatan kunjungan wisatawan secara mantap ke Indonesia nampaknya akan terus berlanjut dan memberikan dorongan positif bagi pertumbuhan pasar minuman, khususnya bir. Lebih dari itu, pertumbuhan pengeluaran masyarakat Indonesia dalam jasa perjalanan dan layanan makanan konsumen, khususnya pada kalangan milenial, dapat merepresentasikan peluang pertumbuhan lebih lanjut bagi industri minuman.

Direksi telah mengisyaratkan niatnya untuk menggulirkan transformasi Perseroan dengan memperkuat eksekusi dan penetrasi, khususnya dalam kategori bir premium, cider, minuman rendah kalori dan non-alkohol; terus memberdayakan pelanggan melalui inovasi digital; dan mengupayakan nilai lebih dari mata-rantai pasokan. Setelah melakukan pengkajian terhadap rencana strategis dan prioritas Direksi selaras dengan proyeksi di atas, kami merasa yakin bahwa hal-hal tersebut telah mencerminkan keseimbangan yang tepat antara ambisi dan sikap hati-hati, serta akan menjaga bisnis tetap berada di jalur yang tepat untuk pertumbuhan nilai berkelanjutan.

Perubahan komposisi Dewan Komisaris

Atas nama Dewan Komisaris saya menyampaikan terima kasih dan pengharapan yang baik kepada Bp Henricus Petrus van Zon, yang mengundurkan diri dari jabatannya sebagai Komisaris pada Rapat Umum Pemegang Saham Luar Biasa 6 Desember 2018 untuk selanjutnya menikmati masa pensiun. Selamat datang dan sambutan hangat juga kami sampaikan kepada Bp Yong Weng Hong yang menggantikan posisinya di Dewan.

Ucapan terima kasih kami tujukan, seperti lazimnya, kepada Direksi, manajemen dan seluruh karyawan atas dedikasi mereka dalam mewujudkan kinerja Perseroan yang kuat. Saya juga ingin menyatakan apresiasi Dewan kepada para pemegang saham, pelanggan dan konsumen atas dukungan berkelanjutan sepanjang tahun. Kami sungguh bersemangat dalam melanjutkan penciptaan nilai lebih bagi Anda semua di tahun mendatang.


Cosmas Batubara Presiden Komisaris/Komisaris Independen —President Commissioner/Independent Commissioner

From Left to Rightdari kiri ke kanan:

Nicolaas Adrianus Vervelde Komisaris —Commissioner

Jasper Christiaan Hamaker Komisaris —Commissioner


Yong Weng Hong Komisaris —Commissioner

Sumantri Slamet Komisaris Independen —Independent Commissioner

Wahyu Hidayat Komisaris Independen —Independent Commissioner


p r o f i l d E w a n k o m i s a r i s

Profile of the Board of Commisioners

Presiden Komisaris/Komisaris Independen

President Commissioner | Independent Commissioner

Cosmas Batubara

Indonesian citizen, aged 80, domiciled in Jakarta. He was appointed as the Company’s Independent President Commissioner by the Annual General Meeting of Shareholders on 30 June 1998. He holds a number of concurrent positions: President Director of PT Agung Podomoro Land Tbk (since 2016), President Commissioner of PT Intiland Development Tbk (since 1994), and Vice President Commissioner and Chairman of the Audit Committee of PT Tunas Ridean Tbk (since 1994), and as a Commissioner of PT Catur Mitra Sejati Sentosa Tbk (since 1996), Commissioner of PT Bonauli Realestat (since 1994) and Commissioner of PT Mandiri Eka Abadi Tbk (since 2003).

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

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

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

Warga negara Indonesia, 80 tahun, berdomisili di Jakarta. Diangkat sebagai Presiden Komisaris Independen Perseroan oleh Rapat Umum Pemegang Saham Tahunan pada 30 Juni 1998. Beliau memangku secara bersamaan sejumlah posisi berikut: Presiden Direktur PT Agung Podomoro Land Tbk (sejak 2016), Presiden Komisaris PT Intiland Development Tbk (sejak 1994), dan Wakil Presiden Komisaris dan Ketua Komite Audit PT Tunas Ridean Tbk (sejak 1994), dan sebagai Komisaris PT Catur Mitra Sejati Sentosa Tbk (sejak 1996), Komisaris PT Bonauli Realestat (sejak 1994) dan Komisaris PT Mandiri Eka Abadi Tbk (sejak 2003).

Beliau adalah lulusan Sekolah Tinggi Publisistik, Jakarta tahun 1964 dengan gelar BA (Bachelor of Arts). Selanjutnya memperoleh gelar sarjana berikutnya pada 1974 dari Fakultas Ilmu Sosial dan Ilmu Politik, Universitas Indonesia, yang juga meluluskan promosi gelar doktornya pada 2002. Beliau tidak mempunyai hubungan afiliasi dengan anggota Dewan Komisaris dan/atau Direksi lainnya, maupun para pemegang saham utama Perseroan.

Sebagai Komisaris Independen Perseroan selama lebih dari dua masa-jabatan, Cosmas Batubara menyatakan bahwa dirinya berstatus independen sesuai kriteria komisaris independen yang termaktub dalam Ketentuan OJK no.33/POJK.04/2014.


Komisaris Independen

Independent Commissioner

Sumantri Slamet

Warga negara Indonesia, 64 tahun, berdomisili di Jakarta. Diangkat sebagai Komisaris Independen Perseroan oleh Rapat Umum Pemegang Saham Tahunan pada 12 Mei 2014. Saat ini beliau juga menjabat sebagai Komisaris Independen, Ketua Komite Pengawas Risiko dan Ketua Komite Tatakelola Korporasi Terpadu dari PT Bank BCA Tbk (sejak 2016), serta anggota Wali Amanah dan Ketua Komite Manajemen Risiko Universitas Indonesia (sejak 2014). Sebelumnya telah memangku jabatan senior di beberapa perusahaan terkemuka, termasuk PT Medco Energy International Tbk, Medco Energy Global Pte dan Medco Energy International (2008 - 2013). Menjabat Komisaris Independen dan Ketua Komite Audit dari PT Trimegah Securities Tbk (2007 - 2010), Wakil Presiden Komisaris PT Bank International Indonesia Tbk (2002 - 2006), Komisaris PT Astra International (2000 - 2000), dan Komisaris PT Bank Central Asia (1999 - 2002).

Sarjana matematika, lulus dari Universitas Indonesia pada 1978, dan meraih gelar M.Sc (1981) dan Ph.D (1983) dalam ilmu komputer dari University of Illinois Urbana-Champaign, Amerika Serikat.

Beliau tidak mempunyai hubungan afiliasi dengan anggota Dewan Komisaris dan/atau Direksi lainnya, maupun para pemegang saham utama Perseroan.

Indonesian citizen, aged 64, domiciled in Jakarta. He was appointed as an Independent Commissioner of the Company by the Annual General Meeting of Shareholders on 12 May 2014. He is concurrently an Independent Commissioner, Chairman of the Risk Oversight Committee and Chairman of the Integrated Corporate Governance Committee of PT Bank BCA Tbk (since 2016), and as a member of the Board of Trustees and Chairman of the University of Indonesia’s Risk Management Committee (since 2014). He previously held senior positions at a number of prominent companies, including PT Medco Energy International Tbk, Medco Energy Global Pte and Medco Energy International (2008 - 2013). He was an Independent Commissioner and Chairman of the Audit Committee of PT Trimegah Securities Tbk (2007 - 2010), Vice President Commissioner of PT Bank International Indonesia Tbk (2002 - 2006), Commissioner of PT Astra International (2000 - 2000), and a Commissioner of PT Bank Central Asia (1999 - 2002).

He graduated from the University of Indonesia with a BS in Mathematics in 1978, and holds an MSc. (1981) and a Ph.D. (1983) in Computer Science from University of Illinois Urbana-Champaign, USA.



p r o f i l d E w a n k o m i s a r i s

Profile of the Board of Commisioners

Komisaris Independen

Independent Commissioner

Wahyu Hidayat

Indonesian citizen, aged 64, domiciled in Jakarta. He was appointed as a Commissioner of the Company by the Annual General Meeting of Shareholders in May 2015. He is concurrently a Commissioner of PT Semen Indonesia (2014-present). During a distinguished career in the public sector between 1985 and 2014 he played strategic roles 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). In addition, he has held leadership roles business, such as President Commissioner of PT Rajawali Nusantara Indonesia (2008-2012), Jamsostek (2007-2008) and PT Madani Securities (2002-2006), 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), and as Finance Director at PT SUCOFINDO (Persero) (1995-1999). In the airline sector, he served as President Director of PT Pelita Air Service (2003-2005) and PT Merpati Nusantara Airlines (1999-2002).

He holds a Bachelor’s degree in Corporate Economics from Gajah Mada University (1979), and a Diploma in Development Finance from the University of Birmingham, UK (1984).


Warga negara Indonesia, 64 tahun, berdomisili di Jakarta. Beliau ditetapkan sebagai Komisaris Perseroan oleh Rapat Umum Pemegang Saham Tahunan pada Mei 2015. Beliau juga menjabat sebagai Komisaris PT Semen Indonesia (2014-sekarang). Selama karirnya yang bersinar di sektor publik antara 1985 dan 2014, beliau memainkan peran strategis di Kementerian Keuangan dan Kemeneg BUMN, sebagai Deputi Menteri untuk Restrukturisasi dan Perencanaan Strategis (2013-2014) dan Sekretaris Menteri (2012-2013). Sebagai tambahan, beliau juga berpengalaman menjalankan peran kepemimpinan bisnis, seperti menjadi Presiden Komisaris PT Rajawali Nusantara Indonesia (2008-2012), Jamsostek (2007-2008) dan PT Madani Securities (2002-2006), juga Komisaris di PT Bank Mandiri (2012-2014), PT Krakatau Steel (2012), PT Indo Exchange Tbk (2003-2006) dan PT Adhi Karya (1992-1995), serta Direktur Keuangan PT SUCOFINDO (Persero) (1995-1999). Di sektor penerbangan, beliau menjabat Presiden Direktur PT Pelita Air Service (2003-2005) dan PT Merpati Nusantara Airlines (1999-2002).

Beliau meraih gelar sarjana Ekonomi Perusahaan, dari Universitas Gadjah Mada (1979), dan pemegang Diploma Development Finance dari University of Birmingham, Inggris (1984).

Beliau tidak mempunyai hubungan afiliasi dengan anggota Dewan Komisaris dan/atau Direksi lainnya, maupun para pemegang saham utama Perseroan.


Komisaris

Commissioner

Nicolaas Adrianus

Vervelde

Dutch citizen, aged 60, domiciled in Singapore. He was appointed as a Commissioner of the Company by the Extraordinary General Meeting of Shareholders on 30 October 2017. He serves concurrently the Managing Director (MD) of Heineken Asia Pacific Region (since 2017), being responsible for Singapore, Indonesia, Philippines, Papua New Guinea, Solomon Islands, New Zealand, New Caledonia, Timor-Leste and Heineken Asia Pacific Export. Prior to this, , he was the Managing Director/CEO of Heineken subsidiary Nigerian Breweries Limited (2010-2017), Managing Director of Heineken Caribbean and Central America (2006-2010) and Managing Director of Heineken Ireland (2003-2006). He first joined Heineken in 1984 as a Management Trainee and held a number of increasingly senior management positions 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 holds a degree in Management Science and Chemical Engineering from the

Documents

Expanding our Horizons - upperlineid · 2020. 1. 10. · 33 Peristiwa Penting Event Highlights 06 Ikhtisar Data Keuangan Summary of Financial Data ... Mei-17 1,055,900 12,150 11,700