Profile

Industry Sector Consumer Goods
Industry Sub Sector Cosmetics and Household
Established 5 December 1933
Listed 11 January 1982
Listed Company Code UNVR
Listed Shares 7,630,000,000
Dividend Yes
Major Shareholders (>5%) Unilever Indonesia Holding B.V. (85.00%)
Key Subsidiaries Anugrah Lever
Technopia Lever

Stock Quote Unilever Indonesia - UNVR:

Business Summary

Unilever Indonesia's business activities and products comprise the manufacturing, marketing and distribution of consumer goods. This includes soaps, detergents, margarine, ice cream, savory, soy sauce, cosmetic products, tea based beverages and fruit juice.

Products manufactured by Unilever Indonesia can be divided in two business lines: home and personal care products (including soaps, detergents, cosmetics), which account for about 73 percent of the company's total sales, and foods and refreshment (including margarine, dairy products, ice cream, tea), which account for the remaining 27 percent of sales. It is estimated that each Indonesian household uses at least one product that is sold by Unilever.

In 2012, the Mega Distribution Centre in Cibitung (West Java) started operations. With a floor area of around 80,000 square meters, it constitutes the biggest warehouse in Indonesia for a Fast Moving Consumer Goods (FMCG) company and the largest Unilever warehouse in the world. Unilever Indonesia’s distribution network comprises more than one million outlets across the Indonesian archipelago, more than half of which is covered directly by the company. The company's products are marketed through a network of more than 800 independent distributors who serve hundreds of thousands of stores across Indonesia.

About 55 percent of the company's input costs are linked to foreign currencies. That is why sharp rupiah depreciation constitutes a challenge for Unilever Indonesia.

Per 2016 Unilever Indonesia owns nine factories; seven located in the Jababeka Industrial Zone (Cikarang, near Jakarta) and two in Rungkut (Surabaya). The company's head office relocated from Jakarta to BSD City in late-2016. Unilever Indonesia has 39 core brands and nearly 1,000 stock keeping units.

Unilever Indonesia says it has only just begun to tap the potential of Indonesia's market. Regarding the medium to long term, the company expects to grow further on the back of Indonesia’s demographic profile. The country, Southeast Asia's largest economy, has a young and growing population. In combination with Indonesia's robust economic growth it creates a rapidly expanding middle class that enjoys rising disposable income, hence forming a strengthening consumer force.

Unilever Indonesia's Financial Highlights:

    2009   2010   2011   2012   2013   2014   2015   2016
Net Sales 18,247 19,690 23,469 27,303 30,757 34,511 36,484 40,054
Gross Profit  9,042 10,205 12,006 13,889 15,778 17,207 18,649 20,459
Net Income  3,044  3,387  4,163  4,839  5,353  5,927  5,852  6,391
Operating
Income
 4,215  4,543  5,568  6,498  7,164  8,013  7,939  8,708
Profit before
Tax
 4,249  4,546  5,575  6,467  7,158  7,928  7,829  8,572
EBITDA  4,474  4,832  5,929  6,857  7,675  8,388  8,444  9,258
Total Assets  7,485  8,701 10,482  11,985 12,703 14,281 15,730 16,746
Total Liabilities  3,776  4,652  6,801  8,017  8,449  9,534 10,903 12,042
Basic Earnings
per Share¹
  399   444   546   634   701   776   766   838
Cash Dividend
per Share¹
  399   294   596   664   707   758   799

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Unilever Indonesia, Annual Report 2016

Future Projection Unilever Indonesia's Financial Highlights:

    2015   2016  2017F  2018F
Net Sales
 36,484  40,054  44,264  53,122
EBITDA   8,444   9,258  10,581  11,706
Operational Income   7,939   8,708  10,064  11,090
Net Profit   5,852   6,391   7,424   8,184
P/E Ratio (x)    56.1    44.2    40.1
P/BV (x)    68.0    48.8    42.8
EV/EBITDA (x)    38.9    31.1    28.4
ROE (x)   122.2   129.5   131.9

in billion IDR rupiah (except stated otherwise)
Source: UOB Kay Hian Securities (15/04/2016)

Location

Contact Details

Graha Unilever
Green Office Park Kav. 3
Jalan BSD Boulevard Barat
BSD City, Tangerang - 15345
Phone: +62 21 8082 7000
Fax: +62 21 8082 7002
Email: unvr.indonesia@unilever.com
www.unilever.co.id