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Page 1
Public Expose
PT Integra Indocabinet Tbk
Sidoarjo, 27 Juni 2024
Page 2
Sekilas Perusahaan

 ➢ Salah satu produsen produk kayu terintegrasi terbesar di Indonesia, dimana kegiatan
   usahanya meliputi kehutanan, furniture manufaktur dan ritel & distribusi.
 ➢ Memiliki pengalaman lebih dari 32 tahun di bidang manufaktur berbahan baku kayu
 ➢ Salah satu Perusahaan pertama yang berhasil mendapatkan sertifikat FSC
   (mengelola hutan secara bertanggung jawab)
 ➢ Produk utama perseroan seperti, kayu alam, knock-down furniture, fully-assembled
   furniture dan building components.

                            Vertically Integrated Operations
                        Kehutanan                   Manufaktur                Distribusi & Ritel
                                             •Furniture                    Wooden and non-wooden
 PRODUK            Logs (Shorea / Meranti)
                                             •Building components          furniture
                   Mempunyai 2 konsesi
                                             Total Kapasitas 49,688m3      Memiliki lebih dari 170
                   hutan lebih dari
 KEGIATAN USAHA                              untuk furniture dan 389,060   akses di seluruh Indonesia
                   163,425ha yang
                                             m3 untuk building             dan 2 gerai di Surabaya, 1
                   menghasilkan
                                             components                    di Bali dan 1 di Jakarta
                   90,000m3/tahun
                                                                                                        2
Page 3
  Jejak Langkah Perusahaan



                     Pendirian Interkraft          Akuisisi Belayan          • Pendirian Integriya
                                                                               Dekorindo                      • Relokasi pabrik Interkraft
                    (berfokus pada fully-            and Narkata
                                                                               (berfokus pada                   ke Lamongan.                                        Meningkatkan
Pendirian Integra        assembled                 (berfokus pada                                                                                                                         Penerbitan PUB
                                                   konsesi hutan)              distribusi dan ritel)          • Pendirian Woodone                                      kapasitas
                         furniture)                                                                             Integra (berfokus pada                             Millwork/Gesso           Obligasi dan
                                                                             • Pendirian divisi                                        Konversi fasilitas
                                                                                                                produksi pintu)                                   (dari 113,520 cbm        Sukuk sebesar
                                                                               pintu dan panel di                                      Barecore menjadi
                                                                                                                                                                   ke 198,660 cbm)         IDR359 miliar
                                                                               Integra                        • Mulai memproduksi sofa Millwork/Gesso


                                                                                                                                                                       2020                   2022
     1989       1998        2002            2004        2008          2012           2013              2015            2016         2017       2018


                                                                                                                                                           2019                    2021                    2024


       Pendirian Intertrend          Ekspansi pabrik             Pendirian Intera           Pendirian KANA Home               Initial Public           Meningkatkan            Penerbitan PUB        Pelunasan PUB
         (berfokus pada              Integra dari 2.2            (berfokus pada                                                 Offering                  kapasitas           Obligasi dan Sukuk       Obligasi dan
        outdoor furniture             ha menjadi 20            barecore, kayu, dan                                              (WOOD)                 Millwork/Gesso           IDR 600 miliar       Sukuk sebesar
          dan building                     ha                     produk rotan)                                                                       (dari 61,760 cbm                                IDR518 miliar
          components)                                                                                                                                                            Akuisisi pabrik
                                                                                                                                                      ke 113,520 cbm)
                                                                                                                                                                               seluas 2ha untuk
                                                                                                                                                                               fasilitas produksi
                                                                                                                                                                              building component
                                                                                                                                                                                  di Lumajang




                                                                                                                                                                                                             3
Page 4
Struktur Perusahaan



      PT. INTEGRA INDO LESTARI                                    PUBLIC
                                   71.05%           28.95%




               Forestry             Manufacturing            Retail & Distribution
           PT Narkata Rimba          PT Intertrend Utama       PT Integriya Dekorindo
         PT Belayan River Timber         PT Interkraft
                                     PT Intera Indonesia




                                                                                        4
Page 5
Jejak Langkah Perusahaan

                                                                                                                     Forestry (FSC Certified)
                                                                                                                     o Logs (Shorea / Meranti)
                                                                                                                     o 2 forestry concessions of over 163,425 ha
                                    Forest mgmt, planning,
                                                                                                                       with capacity of 90,000 m3 per year
                 Forest resources                                 Heavy equipment             Logs pond and
                                        and harvesting
                                                                  and infrastructure             grading




Distribution & Retail
o Points of sale across Indonesia with 1store in
                                                                                                  Shipping
  Jakarta, and 1 store in Surabaya

                                                                                                                              Manufacturing
                                                                                                                              o Furniture – 49,688 cbm
                                                                                                                              o BC – 389,060 cbm
                                                                               Plywood, veneer,
                   Distribution                                                                                 Factory
                                                      Furniture                sawn timber and
                    and retail                                                                                local sales
                                                                               millwork product




                   Local sales                                        Export



                                                                                                                                                                   5
Page 6
Kapasitas Produksi
Installed capacity (in m3)

       Integra Indocabinet           Intera                  Interkraft                       Intertrend                         Total

                                                                                                       BC:
                                            BC:                      BC:                    BC:                   BC:
Year   Furniture   BC: FJLB   Furniture              Furniture                Furniture              Wooden              Furniture       BC
                                          Millwork                 Millwork               Millwork             Plywood
                                                                                                      Blind

2018   19,688      43,000      6,125      35,833      7,088                    8,750      25,927           -   22,000     41,651     126,760

2019   28,438      43,000      9,188      56,760      7,088                       -       56,760     13,200    44,000    44,710      213,720

2020   28,438      43,000     12,250      56,760      7,088                       -       141,900    26,400    77,000    47,775      345,060

2021   33,438         -       12,250      84,200      7,088                       -       157,460    26,400    77,000    52,775      345,060

2022   37,438         -       12,250      84,200         -          44,000        -       157,460    26,400    77,000    49,688      389,060

Di tahun 2021, Perseroan meningkatkan kapasitas produksi untuk building component dengan mengakuisisi pabrik seluas
2.3ha di Lumajang. Pabrik tersebut sudah mulai beroperasi di 1Q22 dan diperkirakan akan menambah kapasitas produksi
building component sekitar 20%.




                                                                                                                                         6
Page 7
Produk Utama Perusahaan

 Knock-down furniture




 Fully-assembled furniture




 Building components




        Millwork             Plywood   Wall paneling   Window blinds   Doors

                                                                               7
Page 8
Produk Utama Perusahaan

 Target: Knock-down furniture   Coaster/Scott Living Furniture: Setup furniture




 Costco: Setup furniture




                                                                                  8
Page 9
Produk Utama Perusahaan

 Government projects: Mid-low housing and                  Government projects:
 boarding house furniture                                  School furniture




                         On Friday, 04 January 2019,
                         Indonesian President Jokowi
                         Widodo inaugurated 3
                         apartment towers, in which one
                         was a student apartment named
                         “STKIP PGRI” in Tulungagung,
                         East Jakarta.
                         President Jokowi said that in
                         2018 the government
                         developed 275 apartment
                         towers and will develop another
                         300 towers in 2019.
                                                                                  9
Page 10
Produk Utama Perusahaan

 Fast-growing products




         Window blinds




              Millwork




             Wall panel




               Plywood


                          10
Page 11
Ikhtisar Keuangan

       Rp (Miliar)   2017   2018   2019   2020   2021   2022    2023    1Q23     4Q23     1Q24     QoQ      YoY
 Penjualan           1,734 2,101 2,136 2,929 5,416 4,527        2,186     633      481      641    33.3%     1.2%
 Laba Kotor           561    739    744    986 1,917 1,308        739     198      204      168    -17.5%   -15.1%
 GPM                 32.3% 35.2% 34.8% 33.6% 35.4% 31.1%        33.8%    31.3%    42.3%    26.2%

 Laba Usaha           353    473    490    664    961    433      342      93       82       97    18.3%     4.7%
 OPM                 20.4% 22.5% 23.0% 22.7% 17.7%       9.6%   15.7%    14.6%     17%     15.1%
 Laba Bersih          171    242    218    338    543    177       95      26       38       42    11.3%    63.1%

 NPM                  9.9% 11.5% 10.2% 11.5% 10.0%       3.9%    4.3%     4.1%     7.9%     6.6%




  1Q24
  • Penjualan peseroan di kuartal 1 2024 sebesar Rp 641 miliar, tumbuh sebesar 1,2% YoY. Kenaikan penjualan di
    kuartal 1 2024 dikarenakan kembalinya demand dari USA.
  • Dari segmentasi pendapatapan perseroan di kuartal 1 2024, building component berkontribusi sebesar Rp
    419 miliar, tumbuh signifikan sebesar 86,3% YoY dari Rp 225 miliar pada kuartal 1 2023.
  • Komponen pendapatan eksport sebesar Rp 636 miliar merupakan 99,2% dari total penjualan di tahun 2022.




                                                                                                                     11
Page 12
Sales by segment 1Q24 vs 1Q23
                            0.0%                                3.0%
                            Forestry
                                                                 Forestry

                                       99.2%                 1.5%                  95.5%
           0.9%                        Manufacturing                               Manufacturing
     Manufacturing                                     Manufacturing
                                       (export)           (domestic)               (export)
        (domestic)




                     1Q24                                                   1Q23




                                                                                                   12
Page 13
Sales by region 1Q24 VS 1Q23


             1Q24                                             92.5%                                     5.9% 0.8%
                                                                                                           0.8%




             1Q23                                         89.7%                                    3.8% 4.8%
                                                                                                      1.7%




                    0%    10%       20%    30%      40%           50%           60%   70%   80%   90%       100%




        in IDR           1Q24               1Q23                Growth

 America                 592,922,461,957   568,323,438,925             4.33%

 Asia                     38,134,284,298    24,233,413,081            57.36%

 Europe                    4,991,808,062    10,463,485,652            -52.29%

 Others                                -                  -            0.00%

 Indonesia                 5,262,327,768    30,396,904,403            -82.69%
                                                                                                                    13
Page 14
Sales by region 12M23 VS 12M22


              12M23                                       80.9%                                 3.8%   9.9%   5.4%




              12M22                                               91.3%                                  1.9%
                                                                                                           1.5%5.3%




                      0%        10%      20%     30%       40%        50%         60%   70%   80%      90%       100%




         in IDR               12M23               12M22              Growth

  America                  1,768,582,564,618   4,131,808,592,867          -57%

  Asia                       82,681,349,692      87,136,570,749             -5%

  Europe                    216,255,681,452      68,400,174,853           216%

  Others                                   -                     -            -

  Indonesia                 118,514,315,647     239,354,193,972           -50%


                                                                                                                        14
Page 15
Ikhtisar Keuangan
 DEWAN KOMISARIS
 Komisaris Utama                            : Hendro Rusli
 Komisaris Independen                       : Bing Hartono Poernomosidi
 Komisaris Independen                       : Heri Sunaryadi
 Komisaris                                  : Stephanie Kane Ilham


 DEWAN DIREKSI
 Direktur Utama                   : Halim Rusli
 Wakil Direktur Utama           Thank   you
                                  : Meity Lin Lin
 Direktur Operasional             : Sjany Tjandra
 Direktur Pemasaran               : Widjaja Karli
 Direktur Keuangan (Independen)   : Wang Sutrisno
PT INTEGRA INDOCABINET TBK
Desa Betro, Kecamatan Sedati
Sidoarjo 61253 – Indonesia
Phone: +62 31 8910434, +62 31 8910435, +62 31 8910436
Faximile: +62 31 8911391
E-mail: corsec.integra@iil.co.id
Website: www.integragroup-indonesia.com
                                                                          15

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Names mentioned 15 people and organisations named in the text · linked when the evidence is strong

linked org Integra Indocabinet Tbk p.1 ×6
linked person Stephanie Kane Ilham p.15
linked person Halim Rusli p.15
linked person Sjany Tjandra p.15
linked person Widjaja Karli p.15
linked person Wang Sutrisno p.15
possible org PT. INTEGRA INDO LESTARI p.4
possible person Bing Hartono Poernomosidi p.15
possible person Heri Sunaryadi p.15
unresolved org PT Narkata Rimba p.4
unresolved org PT Intertrend Utama p.4
unresolved org PT Integriya Dekorindo p.4
unresolved org PT Belayan River Timber p.4
unresolved org PT Interkraft p.4
unresolved org PT Intera Indonesia p.4

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