50 BEST OF THE BEST 2020 COMPANIES

WELCOME to the annual Best of the Best list 2020, recognizing 50 of Indonesia’s best-performing listed companies, all of which are champions in their own right. Entering its 10th year, the list is based on the long-term fundamental performance of these Indonesian companies. It reflects the hard work and commitment of the companies, and the people who manage them, to deliver continuous growth and new business achievements despite the economic challenges, both domestic and global. In the list are also companies and people that have been through challenging times and a down-cycle but emerged to thrive. We therefore hope this recognition can also act as a reminder of the resiliency of the country’s business sector and economy and give a positive energy to weather the current tough situation.

METHODOLOGY

Companies were ranked based on a composite score using multiple metrics assigned various weights in a formula including three-year net income growth, three- year ROE and ROA growth. Those results were then screened for governance. Prices and exchange rates are as of mid-July. Financials used were the latest available full-year, typically for calendar year 2019.

1. INDORITEL MAKMUR INTERNASIONAL 4

RETAIL

MARKET CAP: $3.28 BN

NET INCOME: RP 519 BN

Indoritel Makmur Internasional is an investment holding company focusing mainly on the consumer and retail industries in Indonesia. The company’s controlling shareholder is Megah Eraraharja, which is controlled by the Salim Group. Indoritel owns a 40% of shares in Indomaret, the largest minimarket operator in Indonesia by the number of stores, and 25.77% of shares in Nippon Indosari Corpindo. Indoritel also owns 35.84% of shares in PT Fast Food Indonesia, which owns exclusive operating rights to KFC restaurants in Indonesia. Last year the company booked a 98,63% jump on revenue to Rp 257 billion.

2. MAYORA INDAH 5

FOOD PRODUCERS

MARKET CAP: $3.53 BN

NET INCOME: RP 2.04 TN