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Page 1
                                                                     SIARAN PERS
                                                                   PRESS RELEASE
                                                                   No. 074/KFCP-DIR/PR/X/23



            Kalbe Mempertahankan Pertumbuhan Penjualan yang Positif
                          di Sembilan Bulan Pertama 2023
       Kalbe Maintained Positive Top Line Growth in the First Nine Months of 2023

Jakarta, 31 Oktober 2023 – PT Kalbe               Jakarta, October 31, 2023 – PT Kalbe
Farma Tbk dan entitas anak (“Kalbe” atau          Farma Tbk and Subsidiaries (“Kalbe” or
“Perseroan”) hari ini mengumumkan                 “the Company”) today announced that net
penjualan bersih mencapai Rp 22.561               sales reached Rp 22,561 billion in the first
miliar di sembilan bulan pertama 2023,            nine months of 2023, growing by 6.5%
meningkat 6,5% dibandingkan sembilan              compared to the first nine months of 2022.
bulan pertama 2022. Sementara itu, laba           Meanwhile, net income reached Rp 2,065
bersih mencapai Rp 2.065 miliar di                billion in the first nine months of 2023,
Sembilan bulan pertama 2023, terjadi              declined by -16.9% compared to the same
penurunan -16,9% dibandingkan periode             period last year due to challenging market
yang sama tahun lalu akibat kondisi pasar         in post pandemic transition. Despite market
yang menantang dalam periode transisi             challenges, the Company believes that the
pasca pandemi. Walaupun menghadapi                healthcare industry will continue to grow in
kondisi pasar yang menantang, Perseroan           the long term along with increasing health
meyakini bahwa industri kesehatan tetap           awareness.
akan bertumbuh dalam jangka panjang
seiring dengan meningkatnya kesadaran
kesehatan.

Kami meyakini pemulihan makroekonomi             We believe that macroeconomic recovery
tetap memberikan peluang pertumbuhan.            continues to provide growth opportunities.
Seiring dengan perubahan pola belanja            As consumer spending trends change post-
konsumen pasca pandemi, kami berupaya            pandemic, we strive to remain adaptive and
adaptif dan berfokus pada kebutuhan              focused on consumer needs, keeping in
konsumen, dengan tetap mewaspadai                mind inflationary impact to purchasing
dampak inflasi terhadap daya beli                power. We continued to implement
konsumen. Kami menerapkan strategi               strategies to maintain growth and business
untuk     menjaga     pertumbuhan       dan      sustainability by focusing on products
keberlanjutan bisnis dengan berfokus             recovery and be more aggressive on growth
pada pemulihan produk inti dan lebih             driver categories such as biologic and
agresif dalam kategori produk yang               oncology, preventive, and affordable
mendorong pertumbuhan seperti kategori           products. We continued to manage input
biologi dan onkologi, preventif, dan produk      cost pressure and inventory, portfolio
yang lebih terjangkau untuk masyarakat.          management and managing operating cost
Perseroan       terus      memperhatikan         efficiency. The Company ensures healthy


Untuk keterangan lebih lanjut: / For further information:                                    Hal / Page
Kartika Setiabudy, Chief Financial Officer, PT Kalbe Farma Tbk                                  1/5
Tel: 62-21 42873688 | email: kartika.setiabudy@kalbecorp.com
Syeren Amanda, Investor Relations, PT Kalbe Farma Tbk
Tel: 62-21 42873888 | email: syeren.amanda@kalbecorp.com
Investor Relations, PT Kalbe Farma Tbk
Tel: 62-21 42873888 | email: investor.relations@kalbecorp.com
Website: www.kalbe.co.id
Page 2
                                                                       SIARAN PERS
                                                                     PRESS RELEASE
                                                                     No. 074/KFCP-DIR/PR/X/23



pengelolaan rantai pasok dan persediaan,          financial liquidity for working capital and
mengelola portofolio produk, dan menjaga          expansion. The Company will continue its
efisiensi biaya operasional. Perseroan            focus on innovation to provide products and
juga mempertahankan likuiditas keuangan           services to meet consumers’ needs.
yang baik untuk memenuhi kebutuhan
modal kerja dan ekspansi. Perseroan terus
berfokus melakukan inovasi produk dan
layanan untuk memenuhi kebutuhan
masyarakat.

Secara       berkelanjutan,        Perseroan      The Company continuously works to
berupaya meningkatkan akses kesehatan             improve access to healthcare for the
bagi masyarakat antara lain dengan                community, among others by increasing the
meningkatkan kontribusi produk dalam              contribution of products in the National
program Jaminan Kesehatan Nasional,               Health Insurance program, launching
meluncurkan berbagai produk kesehatan             various preventive and herbal products,
preventif dan herbal, menawarkan produk           offering nutritional products that are more
nutrisi yang lebih terjangkau, memperluas         affordable, expanding health services
ekosistem layanan kesehatan serta                 ecosystem, and developing            medical
pengembangan peralatan medis. Untuk               devices. To expand distribution reach, the
memperluas        jangkauan         distribusi,   Company provides B2B platform – EMOS &
Perseroan menghadirkan platform B2B –             MOSTRANS through its distribution &
EMOS & MOSTRANS melalui divisi                    logistic divisions. The Company also
distribusi dan logistik. Perseroan juga           combines product portfolio management
menggabungkan strategi pengelolaan                strategies, manages the effectiveness of
portofolio produk, mengelola efektivitas          sales and marketing activities, promoting
kegiatan penjualan dan pemasaran,                 digital transformation, and maintains
mendorong transformasi digital, serta             operational cost efficiency.
mempertahankan           efisiensi       biaya
operasional.

Dari segi pertumbuhan dan kontribusi per          In terms of growth and contribution by
Divisi, Divisi Obat Resep Perseroan               Division, Prescription Drugs Division posted
membukukan peningkatan penjualan                  sales growth of 31.4% to Rp 5,791 billion
sebesar 31,4% menjadi Rp 5.791 miliar             from Rp 4,406 billion in the first nine months
dari Rp 4.406 miliar di sembilan bulan            of 2022, and accounted for 25.7% of the
pertama 2022, serta menyumbang 25,7%              Company total net sales. Distribution &
dari total penjualan bersih Perseroan.            Logistics Division achieved a net sales
Divisi Distribusi & Logistik meraih               increase of 3.2% to Rp 8,006 billion from Rp


Untuk keterangan lebih lanjut: / For further information:                                      Hal / Page
Kartika Setiabudy, Chief Financial Officer, PT Kalbe Farma Tbk                                    2/5
Tel: 62-21 42873688 | email: kartika.setiabudy@kalbecorp.com
Syeren Amanda, Investor Relations, PT Kalbe Farma Tbk
Tel: 62-21 42873888 | email: syeren.amanda@kalbecorp.com
Investor Relations, PT Kalbe Farma Tbk
Tel: 62-21 42873888 | email: investor.relations@kalbecorp.com
Website: www.kalbe.co.id
Page 3
                                                                       SIARAN PERS
                                                                     PRESS RELEASE
                                                                     No. 074/KFCP-DIR/PR/X/23



peningkatan penjualan bersih sebesar             7,758 billion in the same period last year and
3,2% menjadi Rp8.006 miliar, dari Rp             contributed 35.5% to the Company's total net
7.758 miliar di periode yang sama tahun          sales. Nutritionals Division recorded net
lalu, serta menyumbang 35,5% terhadap            sales at Rp 5,895 billion in the first nine
total penjualan bersih Perseroan. Divisi         months of 2023, grew by 2.5% from the
Nutrisi membukukan penjualan bersih              same period in the previous year's
sebesar Rp 5.895 miliar di Sembilan bulan        achievement and accounted for 26.1% of
pertama 2023, mengalami pertumbuhan              Kalbe's total net sales in the first nine months
sebesar 2,5% dari pencapaian di periode          of 2023. In the first nine months of 2023,
yang sama tahun sebelumnya dan                   Consumer Health Division recorded a sales
menyumbang 26,1% dari total penjualan            decrease of -12.1% to Rp 2,869 billion
bersih Kalbe di sembilan bulan pertama           compared to the first nine months of 2022
2023. Pada sembilan bulan pertama 2023,          with a contribution of 12.7% to the total net
terjadi penurunan pendapatan Divisi              sales of the Company in the first nine months
Produk Kesehatan sebesar -12,1%                  of 2023, reflecting change in consumer
dibandingkan dengan sembilan bulan               spending pattern to healthcare sector.
pertama tahun 2022 menjadi Rp2.869
miliar dengan kontribusi sebesar 12,7%
terhadap total penjualan bersih Perseroan
di sembilan bulan pertama 2023,
mencerminkan perubahan pola belanja
konsumen terhadap sektor produk
kesehatan.

Perseroan berhasil mempertahankan                The Company continued to maintain the
pangsa pasar produk-produk Perseroan             products’ market share and to monitor the
serta terus menjaga efisiensi kegiatan           efficiency of operational activities to maintain
operasional untuk mempertahankan rasio           the profitability ratios. Operating profit
profitabilitas. Laba usaha mencapai Rp           reached Rp 2,715 billion in the first nine
2.715 miliar di sembilan bulan pertama           months of 2023 with operating profit margin
2023, dengan rasio laba usaha terhadap           of 12.0%. Earnings per share reached Rp
penjualan sebesar 12,0%.      Laba per           44.39 in the first nine months of 2023,
saham mencapai Rp 44,39 di sembilan              decreased by -16.9% compared to the same
bulan pertama 2023, turun -16,9%                 period last year.
dibandingkan periode yang sama tahun
sebelumnya.

Sejalan dengan perubahan pola belanja            Along with the change in consumer spending
konsumen dan daya beli masyarakat,               pattern and purchasing power, the Company
                                                 revised its net sales growth target into 5%-

Untuk keterangan lebih lanjut: / For further information:                                       Hal / Page
Kartika Setiabudy, Chief Financial Officer, PT Kalbe Farma Tbk                                     3/5
Tel: 62-21 42873688 | email: kartika.setiabudy@kalbecorp.com
Syeren Amanda, Investor Relations, PT Kalbe Farma Tbk
Tel: 62-21 42873888 | email: syeren.amanda@kalbecorp.com
Investor Relations, PT Kalbe Farma Tbk
Tel: 62-21 42873888 | email: investor.relations@kalbecorp.com
Website: www.kalbe.co.id
Page 4
                                                                      SIARAN PERS
                                                                    PRESS RELEASE
                                                                    No. 074/KFCP-DIR/PR/X/23



Perseroan merevisi target pertumbuhan            7%, growing above the market rate. In
penjualan bersih tahun 2023 menjadi              addition, the Company projected earnings
sekitar 5%-7% dan tetap tumbuh di atas           per share growth of around -15% to -12%.
pasar.    Di    samping    itu,  proyeksi        Despite increasing uncertainty due to the
pertumbuhan laba bersih per saham                global financial and geopolitical crisis, the
adalah sekitar -15% hingga -12%.                 Company is committed to maintain product
Walaupun menghadapi ketidakpastian               availability and minimize the impact of rising
yang meningkat karena krisis finansial dan       raw material prices by implementing pricing
geopolitik global, Perseroan berkomitmen         and portfolio management strategies. The
untuk menjaga ketersediaan produk dan            Company maintained a capital expenditure
meminimalkan dampak kenaikan harga               maximum budget of Rp 1.0 trillion, which will
bahan baku melalui pengelolaan harga             be used to expand production and
dan      portofolio.   Perseroan      juga       distribution     capacity.    The    dividend
mempertahankan anggaran belanja modal            distribution ratio is maintained at a ratio of
maksimum sebesar Rp 1,0 triliun yang             45%-55%, while taking into account the
akan digunakan untuk perluasan kapasitas         availability of funds and internal funding
produksi dan distribusi. Rasio pembagian         needs.
dividen dipertahankan pada rasio 45%-
55%,         dengan        memperhatikan
ketersediaan dana dan kebutuhan
pendanaan internal.

Optimisme Perseroan untuk tumbuh                 The Company's optimism for growth,
mendorong Perseroan terus konsisten              encourages the Company to consistently
melakukan        aktivitas   riset   dan         pursue research and development activities
pengembangan untuk menghasilkan inovasi          to produce innovation of product and
produk dan layanan. Perseroan berupaya           services. The Company strives to increase
mendorong peningkatan TKDN (Tingkat              local content through various initiatives to
Komponen Dalam Negeri) melalui berbagai          provide products and medical devices.
inisiatif penyediaan produk obat dan alat        Through     the    synergy    of      ABGC
kesehatan.        Melalui sinergi ABGC           (Academician, Business, Government and
(Akademisi, Business, Government dan             Community), the Company continues to
Komunitas), Perseroan terus berkolaborasi        collaborate to produce products and
menghasilkan produk dan layanan yang             services that can be utilized by the
dapat dimanfaatkan oleh masyarakat dan           community and are able to contribute to the
mampu memberikan kontribusi pada                 Company's business performance.
performa bisnis Perseroan.




Untuk keterangan lebih lanjut: / For further information:                                     Hal / Page
Kartika Setiabudy, Chief Financial Officer, PT Kalbe Farma Tbk                                   4/5
Tel: 62-21 42873688 | email: kartika.setiabudy@kalbecorp.com
Syeren Amanda, Investor Relations, PT Kalbe Farma Tbk
Tel: 62-21 42873888 | email: syeren.amanda@kalbecorp.com
Investor Relations, PT Kalbe Farma Tbk
Tel: 62-21 42873888 | email: investor.relations@kalbecorp.com
Website: www.kalbe.co.id
Page 5
                                                                      SIARAN PERS
                                                                    PRESS RELEASE
                                                                    No. 074/KFCP-DIR/PR/X/23



Di lain pihak, Perseroan terus membangun         On the other hand, the Company continues
kerja sama dengan berbagai pihak, baik           to build cooperation with various parties,
dalam bentuk perusahaan patungan, akusisi        either in the form of joint-ventures,
atau bentuk kolaborasi lainnya. Perusahaan       acquisitions or other forms of business
memperkuat kolaborasi riset dan uji klinis       cooperation. Among such collaborations, the
dengan pihak ketiga untuk produk                 Company is conducting collaborative
penemuan baru (novel products) melalui PT        research and clinical trials with third parties
Kalbe       Genexine   Biologics   (KGBio),      for new invention products (novel products)
melanjutkan proses integrasi PT Kalventis        through PT Kalbe Genexine Biologics
Sinergi Farma untuk memperkuat Divisi            (KGBio), integration of PT Kalventis Sinergi
Obat Resep        serta memperkuat pasar         Farma       to   strengthen       Prescription
ekspor melalui anak perusahaan patungan          Pharmaceuticals          business          and
seperti Global Starway Synergy Co., Ltd di       strengthening export presence through
China serta Kalbe Ecossential International      Global Starway Synergy Co., Ltd in China
Inc. di Filipina.                                and Kalbe Ecossential International Inc. In
                                                 the Philippines.
Sekilas Kalbe
PT Kalbe Farma Tbk (“Kalbe”) berdiri sejak       Kalbe at a Glance
tahun 1966 dan merupakan salah satu              PT Kalbe Farma Tbk. (“Kalbe”) was
perusahaan farmasi terbuka terbesar di Asia      established in 1966 and is one of the largest
Tenggara. Kalbe memiliki empat divisi            publicly-listed pharmaceutical companies in
utama yang menangani portofolio merek            Southeast Asia. Kalbe has four main
yang handal dan beragam; Divisi Obat             divisions managing a broad and strong
Resep; Divisi Produk Kesehatan yang              portfolio      of   brands;     Prescription
menangani obat bebas, juga minuman               Pharmaceuticals Division, Consumer Health
suplemen dan siap saji, Divisi Nutrisi; dan      Division comprising over-the-counter drugs,
Divisi Distribusi & Logistik. Kalbe kini         as well as supplement drink and ready to
memiliki lebih dari 40 anak perusahaan dan       drink products, Nutritionals Division, and
14      fasilitas    produksi      berstandar    Distribution & Logistics Division. Kalbe
internasional,     mempekerjakan       sekitar   currently has more than 40 subsidiaries and
16.000 karyawan dan mempunyai 72                 14 production facilities with international
cabang distribusi & logistik di seluruh          standards, employed around 16,000
Indonesia. Sejak tahun 1991, saham Kalbe         employees and have 72 branches of
tercatat di Bursa Efek Indonesia (IDX:KLBF).     distribution & logistics across Indonesia.
                                                 Since 1991, Kalbe’s shares have been listed
                                                 on the Indonesia Stock Exchange (IDX:
                                                 KLBF).




Untuk keterangan lebih lanjut: / For further information:                                      Hal / Page
Kartika Setiabudy, Chief Financial Officer, PT Kalbe Farma Tbk                                    5/5
Tel: 62-21 42873688 | email: kartika.setiabudy@kalbecorp.com
Syeren Amanda, Investor Relations, PT Kalbe Farma Tbk
Tel: 62-21 42873888 | email: syeren.amanda@kalbecorp.com
Investor Relations, PT Kalbe Farma Tbk
Tel: 62-21 42873888 | email: investor.relations@kalbecorp.com
Website: www.kalbe.co.id

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