ANNUAL REPORT 2019 ANNUAL REPORT 2019 DAFTAR ISI Table Of Contents

I. IKHTISAR DATA KEUANGAN / FINANCIAL HIGHLIGHTS 3 II. INFORMASI MENGENAI SAHAM / INFORMATION Of SHAREHOLDER 5 Komposisi Pemegang Saham / The Composition Of Shareholder Kapitalisasi Pasar / Market Capitalization Laporan Informasi Harga Saham / Stock Price Information Share III. LAPORAN DEWAN KOMISARIS / BOARD OF COMMISSIONERS' REPORT 7 IV. LAPORAN DIREKSI / BOARD OF DIRECTORS' REPORT 11 V. PROFIL PERUSAHAAN / COMPANY PROFILE 14 Nama dan Alamat Perusahaan / Company's Name and Address Riwayat Singkat Perusahaan / Company's Overview Visi dan Misi Perusahaan / The Company's Vision and Mission Kegiatan Perseroan / The Company Operation Struktur Organisasi Perseroan / Organization Chart Of Company Susunan Pengurus Perusahaan / The Board Of Commissioners and Directors Profil Dewan Komisaris / Board of Commissioners' Profile Profil Direksi / Board of Directors' Profile Jumlah Karyawan / Human Resources Komposisi Pemegang Saham / Shareholders' Composition Informasi mengenai Pemegang Saham Utama / Information on Ultimate Shareholder Nama dan Alamat Entitas / Name and Address of Subsidiaries Kronologi Pencatatan Saham / Chronologies of Stock Listing Perubahan Jumlah Saham / Changes in Number of Circulated Shares Lembaga dan Profesi Penunjang Pasar Modal / Capital Market Supporting Institution and Profession Penghargaan dan Sertifikasi / Awards and Certification VI. ANALISA DAN PEMBAHASAN MANAJEMEN 33 / MANAGEMENT ANALYSIS AND DISCUSSION

Tinjauan Operasi Segmen / Review Of Segmen Operation Kinerja Keuangan Komprehensif / Comprehensive Financial Analysis Pertumbuhan Jumlah Aktiva, Kewajiban & Ekuitas / Growth of Asset, Liabilities and Equality Kemampuan Membayar Hutang / Company Solvency Tingkat Kolektibilitas Piutang / Accounts Receivable Collectibility Struktur Modal / Capital Stucture Perbandingan antara target dengan hasil yang dicapai / Comparison between Target and Results Target yang ingin dicapai di tahun mendatang / Target for the Coming Year Investasi barang modal / Discussion on Capital Expenditure Realisasi Penggunaan dana hasil Penawaran Umum / Realization of the Use of Proceeds from Public Offering VII. TATA KELOLA PERUSAHAAN / GOOD CORPORATE GOVERNANCE 47 Dewan Komisaris / Board of Commissioners Tugas dan Tanggungjawab Dewan Komisaris / Responsibility of Board Of Commissioners Komisaris Independen / Independent Commissioners Rapat Dewan Komisaris / Meeting Board of Commissioners Remunerasi Anggota Komisaris / Commissioners Renumeration Dewan Direksi / Board of Directors Tanggungjawab Dewan Direksi / Responsibility Board Of Directors Rapat Dewan Direksi / Meeting Board of Directors Program Pelatihan dalam Rangka Meningkatkan Kompetensi Direksi / Training Program To Enhance Director’s Competence Remunerasi Anggota Direksi / Directors Renumeration Informasi mengenai keputusan RUPS 1 tahun sebelumnya / Information of AGMS Resolution of the Previous Year and its Realization Keputusan RUPS yang direalisasikan pada tahun buku / AGMS Resolution Realized in the Current Year Penilaian terhadap kinerja komite yang mendukung pelaksanaan tugas Direksi / Assessment of the Performance of Committees supporting the Board of Directors Komite Audit / Audit Committee Sekretaris Perusahaan / Corporate Secretary Unit Audit Internal / Internal Audit Unit Sistem Pengendalian Internal / Internal Control System Sistem Manajemen Risiko / Risk Management System Informasi tentang Kode etik Perseroan / Information About Company's Code of Conduct Sistem Pelaporan Pelanggaran / Whistle Blowing System

VIII. TANGGUNG JAWAB SOSIAL DAN LINGKUNGAN 68 / CORPORATE SOCIAL RESPONSIBILITY

Bidang Lingkungan Hidup / Responsibility for the Environment Bidang praktik ketenagakerjaan / Labor Practice Bidang pengembangan Sosial dan Kemasyarakatan / Social and Community Development Bidang tanggung jawab Produk / Responsibility for Product

IX. SURAT PERNYATAAN DEWAN DIREKSI DAN DEWAN KOMISARIS / BOARD OF COMMISSIONERS' AND BOARD OF DIRECTORS' STATEMENT

X. LAPORAN KEUANGAN TAHUNAN YANG TELAH DIAUDIT / AUDITED FINANCIAL STATEMENTS IKHTISAR DATA KEUANGAN Financial Highlight

Dalam Jutaan Rupiah / In million rupiah 2019 2018 2017

Pendapatan/Penjualan / Net Sales 3.512.509 2.826.957 2.825.409 Laba bruto / Gross Profit 953.033 619.688 613.460 Laba Usaha / Profit from Operations 619.233 338.159 325.531 Laba (rugi) / Net Operations 482.591 255.089 216.024 Jumlah laba tahun berjalan yang dapat diatribusikan kepada: Total income for the year that can be attributed to: Pemilik entitas induk / Owner of parent entity 482.622 255.196 216.366 Kepentingan non-pengendali / Non-controling interest (31) (107) (342) 482.591 255.089 216.024 Jumlah penghasilan komprehensif tahun berjalan yang dapat diatribusikan kepada: Total comrehensive income for the year that can be attributed to: Pemilik entitas induk / Owner of parent entity 486.470 258.353 216.181 Kepentingan non-pengendali / Non-controling interest (31) (107) (342) Total laba (rugi) komprehensif / Total comrehensive income 486.439 258.246 215.839 Laba per saham / Basic Earnings per share 368,41 194,81 165,16

Aset lancar / Current assets 1.165.406 1.250.807 940.212 Aset tidak lancar / Non current assets 1.716.157 1.380.383 1.402.220 Jumlah Aset / Total assets 2.881.563 2.631.190 2.342.432

Liabilitas lancar / Current liabilities 408.491 676.674 358.963 Liabilitas tidak lancar / Non current liabilities 325.066 308.128 598.697 Jumlah Liabilitas / Current liabilities 733.556 984.802 957.660

Ekuitas / Equity 2.148.007 1.646.388 1.384.772 Modal kerja / Working Capital 756.916 574.133 581.249 Ebitda 689.661 411.909 392.746 Jumlah saham beredar (lbr) / number of shares outstanding (lbr) 1.310 1.310 1.310

Rasio keuangan (%) Financial ratio (%) 2019 2018 2017

Laba terhadap Jumlah Aset / Return on Assets 16,75% 9,69% 9,22% Laba terhadap Ekuitas / Return on Equity 22,47% 15,49% 15,60% Laba terhadap Pendapatan / Net profit margin 13,74% 9,02% 7,65% Rasio Lancar / Current ratio 285,30% 184,85% 261,92% Liabilitas terhadap Ekuitas / Debt to Equity 34,15% 59,82% 69,16% Liabilitas terhadap Jumlah Aset / Debt to Assets 25,46% 37,43% 40,88% Laba Bruto terhadap Penjualan Bersih / Gross profit margin 27,13% 21,92% 21,71% Laba Usaha terhadap Penjualan Bersih / Operating profit margin 17,63% 11,96% 11,52% Laba Bersih terhadap Penjualan Bersih / Net profit margin 13,74% 9,02% 7,65% Total Aset terhadap Total Ekuitas / Total Assets to Total Equity 134,15% 159,82% 169,16% Margin Ebitda 19,63% 14,57% 13,90%

PT. Siantar Top Tbk. 3 LAPORAN TAHUNAN 2019 ANNUAL REPORT 3.500.000

2.881.563 3.000.000 2.631.190

2.500.000 2.342.432 2.148.007

2.000.000 1.646.388 1.384.772 1.500.000 Pertumbuhan Aktiva, Kewajiban dan 957.660 984.802 1.000.000 Ekuitas untuk tahun yang berakhir 733.556 pada tanggal 31 Desember 2017 - 500.000 2019 ( dalam jutaan rupiah) - 2017 2018 2019

Aktiva Kewajiban Ekuitas

25,00% 22,47%

20,00% 16,75% 15,60% 15,49% 15,00% Laba terhadap Ekuitas

9,22% 9,69% 10,00% Laba terhadap Jumlah Aset

5,00%

0,00% 2017 2018 2019

PENDAPATAN / PENJUALAN Net Sales

4.000.000 3.512.509 3.500.000

3.000.000 2.825.409 2.826.957

2.500.000

2.000.000

Pertumbuhan Penjualan Bersih Untuk 1.500.000

Tahun Yang Berakhir Pada Tanggal 31 1.000.000 Desember 2012 - 2016 (Dalam Jutaan Rupiah) 500.000 0 2017 2018 2019

PERTUMBUHAN LABA Profit Growth

1.200.000 953.033 1.000.000

800.000 613.460 619.688 619.233 600.000 482.591 325.531 338.159 400.000 216.024 255.089 200.000

0 2017 2018 2019

Laba Bruto Laba Usaha Laba (rugi)

PT. Siantar Top Tbk. 4 LAPORAN TAHUNAN 2019 ANNUAL REPORT INFORMASI MENGENAI Information SAHAM of Shareholder

KOMPOSISI PEMEGANG SAHAM The Composition of Shareholders

Komposisi pemegang saham per 31 Desember 2019 adalah sebagai berikut : The Company’s shareholders as per December 31, 2018 were as follows :

Pemegang Saham Jumlah Saham Ditempatkan Prosentase Jumlah Stockholders dan Disetor Penuh Kepemilikan (%) Amount Number of Share Issued Precentage of and FullyPaid(Shares) Ownership (%)

PT Shindo Tiara Tunggal 743.600.500 56,76% 74.360.050.000 Shindo Sumidomo 40.605.000 3,10% 4.060.500.000 Juwita Wijaya 1.145.800 0,09% 114.580.000 Agus Suhartanto 993.600 0,08% 99.360.000 Masyarakat (dibawah 5%) 523.655.100 39.97% 52.365.510.000

1.310.000.000 100% 131.000.000.000

KAPITALISASI PASAR Market Capitalization

Tahun / Years (2019) Tahun / Years (2018)

5.344.800.000.000 Maret / March 4.323.000.000.000 Maret / March 4.978.000.000.000 Juni / June 4.205.100.000.000 Juni / June 4.912.500.000.000 September / September 5.502.000.000.000 September / September 4.912.500.000.000 Desember / December 5.895.000.000.000 Desember / December

LAPORAN INFORMASI HARGA SAHAM Stock Price Information Share

Harga Saham / Price of Share Transaksi / Transaction

Bulan Tertinggi Terendah Penutup Volume Nilai Month Highest Lowest Closing Volume Value

Januari / January 3.750 3.200 3.200 700 2.382.000 Februari / February 3.300 3.300 3.300 500 1.650.000 Maret / March 3.300 3.300 3.300 200 660.000 April / April 3.300 3.200 3.200 2.100 6.730.000 Mei / May 3.800 3.300 3.710 4.100 14.541.000 Juni / June 3.210 3.210 3.210 100 321.000 Juli / July 3.550 3.100 3.100 1.700 5.955.000 Agustus / Agust 3.200 3.110 3.110 200 631.000 September / September 4.200 3.880 4.200 500 2.038.000 Oktober / October 0 0 4.200 0 0 November / November 0 0 4.200 0 0 Desember / December 4.510 4.200 4.500 1.700 7.650.000

PT. Siantar Top Tbk. 5 LAPORAN TAHUNAN 2019 ANNUAL REPORT PT. Siantar Top Tbk. 6 LAPORAN TAHUNAN 2019 ANNUAL REPORT LAPORAN DEWAN Board of Commissioners KOMISARIS Report

PT. Siantar Top Tbk. 7 LAPORAN TAHUNAN 2019 ANNUAL REPORT Yang terhormat para pemegang saham, sebagaima- Dear shareholders, as we know that the economic na kita ketahui bahwa kondisi perekonomian bangsa condition of the Indonesian nation in 2019 showed a Indonesia dalam tahun 2019 memperlihatkan 5.02% growth, while in 2018 it was 5.17% pertumbuhan 5.02 %, sedangkan tahun 2018 sebesar 5.17%.

Pertumbuhan ekonomi global mengalami penurunan Global economic growth has decreased to 2.35 in hingga menjadi 2,35 pada tahun 2019 2019

PENILAIAN TERHADAP KINERJA DIREKSI ASSESSMENT OF THE BOARD OF DIRECTORS MENGENAI PENGELOLAAN PERUSAHAAN & PERFORMANCE ON CORPORATE PANDANGAN ATAS PROSPEK USAHA MANAGEMENT

Kondisi ini secara umum menjelaskan bahwa pada This condition generally said that in year 2019, the tahun 2019, iklim perekonomian bangsa Indonesia economic climate of Indonesia tend to be more cenderung membawa dampak positif, dimana daya positive, that conduce the buying power in general beli masyarakat meningkat. Oleh karenanya hal ini increased. This also brought impact to the perfor- juga berpengaruh pada kinerja perseroan. Dengan mance of take overs. With the economic climate like kondisi iklim perekonomian seperti ini, perseroan this moment, company do preventive measures in melakukan langkah-langkah preventif agar kondisi order to the condition of take overs can still survive, perseroan tetap bisa bertahan, atau tidak terlalu or do not affect anymore with the latest condition. So berpengaruh terhadap kondisi yang sedang terjadi. that in year 2019 company can still increase sales to Sehingga pada tahun 2019 perseroan masih bisa 24,25% from the previous year, where in 2019 the meningkatkan penjualan sebesar 24,25% dari tahun value of sales of Rp 3.513 trillion and Rp 2.827 sebelumnya, dimana pada tahun 2019 nilai trillion in 2018. The gross profit occur increasing penjualan sebesar Rp 3.513 triliyun dan di tahun when compared to previous year, where is Rp. 2018 sebesar Rp 2.827 triliyun. Untuk laba kotor 953.033 billion in 2019 and Rp. 619.688 billion in terjadi kenaikan dibanding dengan tahun 2018. However, the company optimistically improve sebelumnya, dimana pada tahun 2019 sebesar its sales to the next year. Rp. 953.033 milyar dan pada tahun 2018 sebesar Rp. 619.688 milyar. Dengan demikian Perseroan tetap optimis untuk dapat lebih meningkatkan penjualan pada tahun depan.

PANDANGAN ATAS PENERAPAN TATA KELOLA VIEWS ON THE APPLICATION OF EMITENT GOV- PERUSAHAAN ERNANCE OR PUBLIC COMPANIES

Commissioners are responsible for giving approval Komisaris bertanggung jawab untuk memberikan or recommendation appropriate authority which persetujuan atau rekomendasi sesuai kewenangan stipulated in the Articles of Association and AGM and yang ditetapkan dalam Anggaran Dasar dan RUPS perform surveillance in general and / or specialized , serta melakukan pengawasan secara umum dan provide guidance and opinions to the Board of /atau khusus, memberikan pengarahan dan Directors to carry out the management of the pendapat kepada Direksi dalam menjalankan Company. kepengurusan Perseroan.

Commissioners also have the responsibility respon- Komisaris juga memiliki tanggung jawab untuk sibility to carry out the monitoring of the effective- melakukan pemantauan terhadap efektivitas praktik ness of the practice of good corporate governance, GCG, dan memberikan saran-saran perbaikan and provide suggestions for improvement of the mengenai sistem dan implementasi GCG. Perseroan system and the implementation of GCG. The mempunyai 2 (dua) orang Komisaris dan 3 (tiga) Company has 2 ( two ) Commissioners and 3 (three) orang Direksi. Komisaris bertindak atas nama para Directors. Commissioner acting on behalf of the pemegang saham sebagai pengawas dan holders of shares as a supervisor and advisor to the penasehat Direksi sebagai pengurus perseroan. Board of Directors as a board company.

PT. Siantar Top Tbk. 8 LAPORAN TAHUNAN 2019 ANNUAL REPORT Untuk meningkatkan tata kelola perusahaan To improve corporate governance the company has perseroan telah membentuk : established : 1. Komisaris Independen 1. Independent Commissioner 2. Komite Audit 2. Audit Committee 3. Sekretaris Perseroan 3. Corporate Secretary

FREKUENSI DAN CARA PEMBERIAN NASIHAT FREQUENCY AND METHOD OF GIVING ADVICE KEPADA ANGGOTA DIREKSI: TO MEMBERS OF THE BOARD OF DIRECTORS:

Komisaris menyelenggarakan dua belas kali rapat The Commissioner held twelve meetings during selama tahun 2019. Pemberian nasihat kepada 2019. Giving advice to directors can be delivered at direksi bisa disampaikan setiap saat jika diperlukan, any time if needed, does not specify frequency and tidak menentukan frekuensi dan tidak memberikan does not provide a time limit. batas waktu. The Board of Commissioners does not determine the Dewan Komisaris tidak menentukan frekuensi frequency of giving advice to directors. The Board of pemberian nasihat kepada direksi. Dewan Komisaris Commissioners follows the Company's business on mengikuti jalannya usaha Perusahaan secara an ongoing basis, so that giving advice to directors berkesinambungan, sehingga pemberian nasihat can be conveyed at any time if necessary, does not kepada direksi bisa disampaikan setiap saat jika determine the frequency and does not provide a time diperlukan, tidak menentukan frekuensi dan tidak limit memberikan batas waktu. On behalf of the board of commissioners, we express Bersama ini, Kami atas nama Dewan Komisaris, our gratitude to the board of directors, management, menyampaikan rasa terima kasih kepada seluruh staff and all employees for their hardworks, loyalty, jajaran Direksi, Manajemen, Staff dan Seluruh and dedication to this Company. We also express our Karyawan perseroan atas kerja keras, dedikasi dan gratitude to all parties who have helped and work loyalitas kepada perseroan. Terima kasih juga kami together with this Company. We expect that our sampaikan kepada semua pihak yang telah relationship will be kept and improved for the future. membantu dan bekerja sama dengan perseroan, dan kami mengharapkan agar apa yang sudah terjalin ini dapat dijaga dan ditingkatkan untuk dimasa yang akan datang.

Sidoarjo, 15 Juni 2020 / Sidoarjo, June 15 2020

Osbert Kosasih Komisaris Utama & Independen Independent & President Commissioner

PT. Siantar Top Tbk. 9 LAPORAN TAHUNAN 2019 ANNUAL REPORT PT. Siantar Top Tbk. 10 LAPORAN TAHUNAN 2019 ANNUAL REPORT LAPORAN

DEWAN Board of Directors DIREKSI Report

PT. Siantar Top Tbk. 11 LAPORAN TAHUNAN 2019 ANNUAL REPORT Yang Terhormat, para Pemegang Saham dan Dewan To Share holders and the Board of Commisioners, In Komisaris, Kurun Waktu tahun 2019, Stabilitas the periode of year 2019. the economic, political and ekonomi, politik dan sosial sangat mempengaruhi social issues were influence the business climate for iklim usaha secara umum, pada tahun 2019 general, occur in year 2019 was happened that menyebabkan daya beli masyarakat sedikit caused the buying power of people is slightly menurun, disamping tingkat inflasi serta nilai tukar decreased beside the inflation’s level and value of rupiah tehadap dollar Amerika sangat mempen- exchange US Dollar to Rupiah are affecting the garuhi kondisi sektor riil. Juga tingkat pengangguran condition of the real sector. So there still many yang masih cukup tinggi membuat pertumbuhan people jobles that makes the economic slight perekonomian ekonomi nasional pada tahun 2019 decrease growth in 2019 reach 5,02%,meanwhile mengalami sedikit penurunan. Tahun 2019 ini 5,17% in 2018. perekonomian nasional mencapai 5,02%, sementara tahun 2018 sebesar 5,17%. COMPARISON BETWEEN THE RESULTS ACHIEVED WITH THE TARGETED PERBANDINGAN ANTARA HASIL YANG DICAPAI DENGAN YANG DITARGETKAN

Target Pendapatan yang ingin dicapai perseroan Target Revenue who want to achieve the company pada tahun 2019 adalah sebesar 3,497 T. Pada in the year 2019 is at 3.497 T . In the realization of Realisasi tanggal 31 Desember 2019 pendapatan December 31, 2019 the company's revenue reached perseroan mencapai 3,513 T atau tercapai 100,44% 3.513 T or reached 100.4 4% of the company's dari yang ditargetkan perseroan, mengalami target, an increase of 24 . 25% of the year 2018. kenaikan sebesar 24.25% dari tahun 2018.

Target Laba usaha yang ingin dicapai perseroan Target profit businesses that want to achieve the pada tahun 2019 adalah sebesar 569,537 M. Pada company in the year 2019 is amounted to 569.537 M. Realisasi tanggal 31 Desember 2019 laba usaha On the Realization of the date of 31 December 2019 perseroan mencapai 619,233 M atau tercapai 109% profit venture company reached 619.233 M or dari yang ditargetkan perseroan. reached 109% of the target company.

Target Laba bersih yang ingin dicapai perseroan Target Earnings net who want to achieve the Compa- pada tahun 2019 adalah sebesar 415,046 M. Pada ny in the year 2019 is amounted to 415,046 M. On Realisasi tanggal 31 Desember 2019 laba bersih the Realization of the date of 31 December 2019 perseroan mencapai 482,591 M atau tercapai profit net the company reached 482.591 M or 116.27% dari yang ditargetkan perseroan. reached 116.27% of the target company.

GAMBARAN TENTANG PROSPEK USAHA OVERVIEW OF BUSINESS PROSPECTS PRODUK YANG DIHASILKAN OLEH PERSEROAN PRODUCED BY THE COMPANY

Dengan kondisi perekonomian nasional yang banyak With economic conditions that have many effect to berdampak pada sektor usaha pada umumnya dan the business sector generally and industrial of industri makanan dan minuman pada khususnya. consumer goods. I daily needs in particular, and is a Perseroan tetap berusaha untuk tidak terpengaruh very make obstacles for industrial companies. Never- kondisi tersebut, hal terlihat dari meningkatnya theless the company is still be able to increase its penjualannya sebesar 24,25% dibanding tahun sales to 0,05% compared to previous years, where sebelumnya, dimana tingkat penjualannya pada the level of sales in 2019 of Rp. 3.513 trillion and Rp. tahun 2019 sebesar Rp.3.513 triliun dan tahun 2018 2.827 trillion in 2018. While going for the gross profit sebesar Rp. 2.827 triliun. Sementara untuk laba increase compared to the previous year, of 53,79%. kotor terjadi kenaikan dibanding tahun sebelumnya, The largest contribution of sales nevernues are stil sebesar 53,79%. Kontribusi penerimaan penjualan come from Crackers products followed by Noodle terbesar masih berasal dari produk Crackers/Keru- product, biscuit and wafer. Many similar company puk disusul olek Produk Mie, Biskuit dan Wafer. that become our competitor are still be noticed by Banyaknya pesaing perusahaan sejenis tetap this company. menjadi perhatian Perseroan.

PT. Siantar Top Tbk. 12 LAPORAN TAHUNAN 2019 ANNUAL REPORT Perseroan selalu mengupayakan adanya terobosan The company always does the breakthrough of usaha, diantaranya diversifikasi produk, dimana business like product diversicationwhich at end of pada akhir tahun 2009 perseroan telah melakukan the year 2009 company has been investing biscuits investasi dengan melakukan pembelian mesin that running well in year 2010 even the product biskuit, yang pada tahun 2010 dapat mulai berjalan already become mechine for the largest sales. dengan baik dan biskuit sendiri sudah masuk dalam penjualan terbesar. APPLICATION OF CORPORATE GOVERNANCE

PENERAPAN TATA KELOLA PERUSAHAAN The company is consistently applying some principles of Tata Manage Company as follows : Perusahaan secara konsisten menerapkan The Principle of Justice beberapa prinsip-prinsip Tata Kelola Perusahaan Every asset / investment that is used entirely for the sebagai berikut : sake of improvement company performance. Their Prinsip Keadilan protection insurance on buildings, supplies and Setiap asset/ investasi yang digunakan seluruhnya machines - machines the production . untuk kepentingan peningkatan kinerja perusahaan. Adanya perlindungan asuransi terhadap bangunan, Principles of Openness and Disclosure persediaan dan mesin-mesin Each of the Corporate Action that material is always produksi. in informed to the Stock Exchange. Disclosure of the structure of ownership of the company and holders of Prinsip Keterbukaan dan Pengungkapan shares majority. In periodic reports of financial Setiap adanya Corporate Action yang material selalu companies in the audit by the Office of the di beritahukan ke BEI. Pengungkapan struktur Accountant Public, reported to the FSA and the kepemilikan perusahaan dan pemegang saham Stock Exchange Indonesia as well as in announced mayoritas. Secara berkala laporan keuangan in two letters newspaper circulation National . perusahaan di Audit oleh Kantor Akuntan Publik, dilaporkan ke OJK dan Bursa Efek Indonesia serta Accounting Principles di umumkan di dua surat kabar peredaran Nasional. The Company has formed an Audit Committee headed by an Independent Commissioner of the Prinsip Akuntansi Company. By periodically minimum one year once, Perusahaan telah membentuk Komite Audit yang the Company held the AGM, Public Exposure and if dikepalai oleh komisaris Independen Perseroan. no corporate action materials that will do the Secara berkala minimal satu tahun sekali, Company that the Company held a meeting of the Perusahaan mengadakan RUPS, Publik Ekspose General Shareholders Shares Beyond Ordinary dan jika ada corporate action yang material yang (EGM) to request the approval of the holders of akan dilakukan Perusahaan maka Perusahaan shares . mengadakan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) untuk meminta persetujuan dari The Company believes that is products will be para pemegang saham. acceptable in society. The Company also believes that political and economic stability will be better in Dengan demikian perseroan tetap optimis produk 2019. Finally, we on behalf on the board of directors produk yang dihasilkan tetap dapat diterima express our deep gratitude to the commissioners, masyarakat dengan baik, dan pada tahun 2019 management, employees, and all parties due to their perseroan optimis pemerintah dapat menjaga hard work, dedication, and contribution toward the stabilitas kondisi politik dan ekonomi menjadi lebih Company. baik. Akhir kata, kami atas nama Dewan Direksi menyampaikan penghargaan yang sebesar- Sidoarjo, 15 Juni 2020 / Sidoarjo, June 15 2020 besarnya kepada seluruh jajaran Komisaris, Managemen, Staff, Semua Karyawan, serta Semua Pihak yang terkait, atas kerja keras, dedikasi dan kontribusinya kepada perseroan.

Agus Suhartanto Direktur Utama President Director

PT. Siantar Top Tbk. 13 LAPORAN TAHUNAN 2019 ANNUAL REPORT PROFIL Company Profile PERUSAHAAN

Profil Emiten terkait dengan: Nama dan Alamat Perusahaan Profil Emiten terkait dengan: Nama dan Alamat Perusahaan

Kantor Pusat Jl. Tambak Sawah 21-23, Waru, Sidoarjo 61256 Head Office Telp : 6231 866 7382 ( 5 lines Hunting ) Fax : 6231 866 7382 Email : [email protected] Web : www.siantartop.co.id

Kantor Cabang Bekasi JL. Narogong KM. 7 Cipendawa No. 07, Bekasi Plant Office RT.04, RW. 07 Kel. Bojong Menteng, Kec. Rawa Lumbu, Kodya Bekasi 17117 Telp : 6221 825 1010 Fax : 6221 825 0337

Kantor Cabang Medan Jl. Raya Medan – Tanjung Morawa Km 12,5 Medan Plant Office Desa Bangun Sari Kecamatan Tanjung Morawa Deli Serdang – Sumatera Utara 20362 Telp : 6261 794 6090 Fax : 6261 794 5345 – 794 4627

Kantor Cabang Makasar Jl. Ir. Sutami No. 15A Makasar Plant Office Kota Makasar – Sulawesi Selatan Telp :62411 514099

PT. Siantar Top Tbk. 14 LAPORAN TAHUNAN 2019 ANNUAL REPORT RIWAYAT

SINGKAT Companny’s PERUSAHAAN Overview

1972 2000

Pertama kali perseroan dirintis, dimulai Penggabungan usaha PT. Saritama dari usaha rumahan. Industri kecil Tunggal (perusahaan mie instan) inilah yang merupakan cikal bakal dengan Perseroan. Pada tahun itu juga Perseroan. melalui RUPS perusahaan melakukan Delisting dari Bursa Efek Surabaya. The company pioneered the first time, ranging from home-based business.This Merger PT. Saritama Single (enterprise small industry which is the forerunner of instant noodles) with the Company. In the the Company. same year by the General Meeting of Shareholders Companies do Delisting 1987 from the Surabaya Stock Exchange.

Nama PT. Siantar Top Industri pertama kali digunakan. 1998

Name PT. Siantar Top Industry first used. Mendirikan pabrik baru sebagai cabang di Medan, Sumatera Utara. 1989 Establish a new factory as a branch in Medan,North Sumatra. Mendirikan pabrik baru dikawasan Jalan Tambak Sawah Waru, Sidoarjo dengan menempati area seluas 25.000 1996 m2. Selain memproduksi krupuk mentah, Perseroan mulai memproduksi PT. Siantar Top berganti bentuk menjadi makanan ringan mie. perusahaan terbuka (Tbk) setelah tercatat dalam Bursa Efek Jakarta Establish a new factory in Jalan Tambak sejumlah 27. 000.000 saham biasa atas Sawah Waru, Sidoarjo with an area of 25,000 nama, dengan nilai nominal sebesar m2. In addition to producing the raw Rp 500 per saham dengan harga crackers, Perseroan start producing noodle penawaran Rp 2.200 setiap saham. snacks.

1991 PT. Siantar Top changed shape into a public company (Tbk) once registered in the Perseroan mulai memproduksi varian Jakarta Stock Exchange number 27.000.000 permen. ordinary shares, with nominal value of Rp 500 per shares at the offering price of The company began producing candy Rp 2,200 per share. variants.

PT. Siantar Top Tbk. 15 LAPORAN TAHUNAN 2019 ANNUAL REPORT 2002

Mendirikan pabrik baru di Bekasi, Jawa Barat.

Establish a new factory in Bekasi, West Java. 2003 2014

Menerima sertifikat ISO 9001 : 2000 Perseroan mengembangkan pabrik dari URS kopi.

Received the ISO 9001: 2000 from URS The Company developed a coffee factory.

2007 2012 Perseroan memperluas jaringan Mendapat penghargaan atas kinerja dengan strategi kemitraan. ekspor atas pengembangan jenis produk dari Gubernur Jawa Timur. Company expands network partnership strategy. Received awards for export performance over development of products from the East Java governor. 2011

2009 Mendirikan pabrik baru di Makasar.

Perseroan berhasil memasarkan Establish a new factory in Makassar. produk biskuit dan wafer yang sudah direncanakan sejak tahun 2007.Selain itu Perseroan menerima peningkatan ISO 9001 : 2008.

The Company successfully market products biscuit and wafer has been planned since 2007.In addition the Com- pany received increasing ISO 9001: 2008.

PT. Siantar Top Tbk. 16 LAPORAN TAHUNAN 2019 ANNUAL REPORT VISI & MISI The Company’s PERUSAHAAN Vision and Mission

Visi Perusahaan The Company vision

MENJADI PERUSAHAAN TERKEMUKA YANG TERUS TUMBUH DAN BERKEMBANG DEMI KEPUASAN BERSAMA. Became a leading company which continouses to grow and evolve for mutual satisfaction

Misi Perusahaan The Company mission

Menjadi perusahaan pelopor produk - produk Become a company with pioneering products from dengan TASTE SPECIALIST. a TASTE SPECIALIST.

Menyediakan produk yang kompetitif Provide products with competitive pricing, harganya, terjamin mutu, halal dan guaranteeing quality, halal status legality. legalitasnya. Contributing to the comon good (Steakholder, Memberikan kontribusi bagi kesejahteraan Employees and Society). bersama (stakeholder’s, karyawan dan masyarakat). Developing products in phase with the needs of Mengembangkan keragaman produk/usaha the market and the consumer. sesuai perkembangan kebutuhan pasar atau konsumen. Open opportunities with third parties, to work Membuka kesempatan untuk pihak lain together in order to synergize capabilities to (investor), untuk bekerja sama dengan streng. mensinergikan kemampuan yang dimiliki untuk memperkuat dalam mengembangkan

Strategi Usaha Work Strategies

Berusaha meningkatkan inovasi produk Product innovation with additional investment in dengan penambahan investasi baru di biscuit and wafer product lines kategori produk biskuit dan wafer.

Meningkatkan kinerja distribusi untuk Increase distribution channel performance to penetrasi pasar luas. enhance market penetration.

Berusaha untuk mendekatkan diri kepasar. Try to keep close to the market.

Meningkatkan soft skill (integritas, inisiatif) Increase human resource’s soft skill (integrity, dari SDM. initiative).

Menggunakan teknologi R&D dan teknologi Develop R&D system and acquiring advance mesin dari Jepang dan Korea. machine technology from Japan and Korea.

PT. Siantar Top Tbk. 17 LAPORAN TAHUNAN 2019 ANNUAL REPORT KEGIATAN The Company PERSEROAN Operation

Perseroan pada saat ini memproduksi berbagai jenis The Company produced variety of snack, such as makanan ringan seperti kerupuk (cracker), mie cracker, noodle, and candy. And in the year 2008 the (noodle) dan permen (candy). Dan pada tahun 2008 company success fully add two new products is Perseroan berhasil menambah 2 produk baru yaitu Biscuit and Wafer. Biskuit dan wafer.

Unit Produksi Kerupuk Cracker Production Unit Perseroan memproduksi bermacam The Company produced variety of -macam jenis makanan olahan yang crackers, such as: raw cracker, berbentuk kerupuk seperti : Kerupuk fully cooked cracker, and etc. Mentah, Kerupuk Matang, Kentang (Potato Chips) dan lain-lain.

Unit Produksi Mie Noodle Production Unit Produk makanan ringan sejenis mie Snack noodle is a food products yang langsung bisa dinikmati tanpa like noodles that light can be harus dimasak terlebih dahulu, enjoyed immediately without having seperti Boyki, Sobamie, Wilco, to be ccoked first, such as Boyki, Tamiku (Mie Gemez, Spix Mie dll). Sobamie, Wilco, Tamiku (Gemez Noddle, Spix Noddle), etc.

Unit Produksi Biskuit Biscuit and Wafer Production Unit dan Wafer Perseroan sudah mengembangkan The Company is developing the field usaha dibidang biskuit dan wafer of business and wafer biscuits, and dan produksi tersebut sudah mampu production is already can help membantu meningkatkan penjualan. increase of sales.

Unit Produksi Lainnya Any Production Unit Unit produksi lain yang dimiliki oleh Other production units owned by the Perseroan adalah unit produksi Company are printing and flour printing dan tepung. Unit produksi ini production units. This production untuk mendukung ketiga unit unit is to support the three existing produksi yang ada. production units.

PT. Siantar Top Tbk. 18 LAPORAN TAHUNAN 2019 ANNUAL REPORT STRUKTUR ORGANISASI Organization Chart of Company PERUSAHAAN

Direktur Utama President Director

Audit Internal Sekretaris Internal Audit Secretary

Direktur Bisnis & Development Direktur Marketing Business & Development Director Marketing Director

Manager Pembelian Manager R & D Manager Marketing Purchase Manager R & D Manager Marketing Manager

Impor Penjualan Lokal Import Local Marketing

Penjualan Ekspor Export Marketing

Promosi Promotion

Desain Design

PT. Siantar Top Tbk. 19 LAPORAN TAHUNAN 2019 ANNUAL REPORT Direktur Operasional Operational Director

Manager Fin. & Acc Manager Produksi Manager Umum & Personalia Fin. & Acc Manager Production Manager General & Personal Manager

PPIC HRD PPIC HRD Finance Finance Kord. Mie Legal Noodle Coord Legal

Accounting Accounting Kord. kerupuk Cracker Coord Umum General Affair

IT Kord. Permen IT Candy Coord

Kord. Biskuit & Wafer Bisquit & Wafer Coord

Manager Logistik Logistic Manager

Gudang Material Gudang Jadi Material Hall Finish Good Hall

Pengiriman Delivery

PT. Siantar Top Tbk. 20 LAPORAN TAHUNAN 2019 ANNUAL REPORT SUSUNAN

PENGURUS Composition of PERUSAHAAN Company Management

Komisaris Utama Osbert Kosasih President Commissioner

Komisaris Independen Osbert Kosasih Independent Commissioner

Komisaris Juwita Wijaya Commissioner

Direktur Utama Agus Suhartanto President Director

Direktur Shindo Sumidomo Director

Direktur Armin Director

Direktur Suwanto Director

Ketua Komite Audit Osbert Kosasih Audit Commite Chairman

Anggota I Gde Cahyadi Member

Anggota Didit Lasmono Member

PT. Siantar Top Tbk. 21 LAPORAN TAHUNAN 2019 ANNUAL REPORT PROFIL

DEWAN Board of Commissioners KOMISARIS Profile

Komisaris Utama & Osbert Independen Juwita Komisaris Independent & President Commisoner Kosasih Commisioner Wijaya

Warga Negara Indonesia, lahir tahun 1960 di Warga Negara Indonesia, lahir pada tahun 1978 di Pekalongan. Mengawali karir sebagai wirausaha Pematang Siantar. Menjadi komisaris perusahaan dibidang contractor pada tahun 1977. Pada tahun pada tahun 2013. Dari tahun 2002 sampai 2004, 1998 menjadi Direktur Fukumura Food Industries. bekerja di departemen akuntansi PT. Siantar Top Menjabat sebagai Coorporate Secretary Perseroan Tbk, kemudian 2004-2006 mengepalai departemen pada tahun 2003 sampai dengan 2004, menjadi Vice Keuangan. President Director di PT. Shindo Tiara Tunggal sampai dengan tahun 2005. Menjabat sebagai Indonesian Citizen, born in 1978 in Pematang Siantar. Komisaris Utama / Independent Perseroan mulai Became a company commissioner in 2013. From 2002 tahun 2010. to 2004, worked at the accounting department of PT. Siantar Top Tbk, then from 2004 to 2006 headed Indonesian citizen, born in 1960 in Pekalongan. He the Finance department. began his career as an entrepreneur in the field of painting contractor in 1977. In 1998 became Director of Fukumura Food Industries. Served as Corporate Secretary of the Company in 2003 to 2004, became Vice President Director of PT. Shindo Tiara Tunggal until 2005. Served as Commisioner / Independent Company, began in 2010.

PT. Siantar Top Tbk. 22 LAPORAN TAHUNAN 2019 ANNUAL REPORT PROFIL

DIREKSI Board of Directors PERSEROAN Profile

Agus Direktur Utama Shindo Direktur Suhartanto President Director Sumidomo Director

Warga Negara Indonesia, lahir tahun 1970, di Kediri, Warga Negara Indonesia, lahir tahun 1953 di Jawa Timur. Mengawali karir sebagai Factory Pematang Siantar, Sumatera Utara. Mengawali karir Manager PT. Sari Alam pada tahun 1995 hingga sebagai Wira Usaha sebelum mendirikan perseroan 2006. Pada tahun 2006 hingga 2018 menjabat pada tahun 1987 dan menjabat sebagai direktur sebagai direktur PT. Cita Rasa Sukses. Pada tahun utama perseroan sejak tahun 1996 sampai 2012. 2019 menjabat sebagai direktur utama PT. Siantar Mendirikan dan menjabat sebagai Komisaris Utama Top, Tbk. PT. Sari Bumi Alam Indonesia (Industri Bumbu) tahun 1992, PT. Saritama Tunggal (Industri Mie Indonesian citizen, born in 1970, in Kediri, East Instan) telah melakukan merger kedalam perseroan Java. Started his career as a Factory Manager of tahun 2000) dan PT. Semestanustra Distrindo PT. Sari Alam from 1995 to 2006. In 2006 to 2018 he (Perusahaan Distribusi) pada tahun 1994. served as director of PT. Cita Rasa Sukses. In 2019 Mendirikan dan menjabat sebagai Direktur Utama he served as the president director of PT. Siantar PT. Shindo Tiara Tunggal (Perusahaan Holding) Top, Tbk. Pada tahun 1994.

Indonesian Citizen, born in 1953 in Pematang Siantar, North Sumatra. He began his carrier as an entrepreneur before establishing the company in 1987 and served as President Director of the compa- ny since 1996. Founded and served as President commissioner of PT. Sari Bumi Alam Indonesia (seasoning industry) since 1992, of PT. Saritama Tunggal (Instant Noodles) until the merger with the company in 2000, and of PT. Semestanustra Distrindo since 1994. Founded and acting as President Director of PT. Shindo Tiara Tunggal, a holding company, since 1994.

PT. Siantar Top Tbk. 23 LAPORAN TAHUNAN 2019 ANNUAL REPORT Direktur Direktur Armin Director Suwanto Director

Warga Negara Indonesia, lahir tahun 1972, di Tebing Warga Negara Indonesia, lahir tahun 1970, di Tinggi, Sumatera Utara. Mengawali karir sebagai Pangkalan Dodek, Sumatera Utara. Mengawali karir Supervisor Marketing pada UD. Serdang Utara – sebagai Kepala Penjualan di PT. Delion Medan. Pada tahun 1998 menjabat sebagai Koordi- Citradinamika pada tahun 1990-1995. Menjabat nator PT. Siantar Tama, Sidoarjo. Pada awal tahun sebagai National Settlement Manager pada tahun 2002 bergabung dengan perseroan menjabat 1996-1999 di Modern Group. Menjadi GM Marketing sebagai koordinator Bekasi & Medan sebelum dan Sales di Maspion Group pada tahun 1999-2005. menjabat sebagai direktur perseroan pada tahun Pada awal tahun 2006-2011 menjadi Business 2003. Director di PT. Shindo Tiara Tunggal dan PT. Semestanustra Disrindo, kemudian menjadi Indonesian citizen, born in 1972, in Tebing Tinggi, Marketing Director di PT. Platinum Ceramics Industry North Sumatera. Starting his carier as Marketing tahun 2012-2015. Pada April 2015 bergabung Supervisor of UD. Serdang Utama – Medan. dengan PT. Siantar Top, Tbk dan menjabat sebagai Became coordinator of PT. Siantar Tama, Sidoarjo in Direktur Perusahaan. 1998. Joined the company at the beginning of 2002 as a coordiantor of Bekasi & Medan Plan, acts as Indonesian citizen, born in 1970, in the Pangkalan director of the company since 2003. Dodek, North Sumatra. He started his career as Head of Sales at PT. Delion Citradinamika in 1990-1995. Served as National Settlement Manager in 1996-1999 at Modern Group. Being GM Marketing and Sales at Maspion Group in 1999-2005. At the beginning of 2006-2011 became Business Director at PT. Shindo Tiara Tunggal and PT. Semestanustra Distrindo, later became Marketing Director of PT. Platinum Ceramics Industry in 2012-2015. In April 2015 he joined PT. Siantar Top Tbk and served as Director of company.

PT. Siantar Top Tbk. 24 LAPORAN TAHUNAN 2019 ANNUAL REPORT JUMLAH KARYAWAN DAN PERKEMBANGAN Human Resources

Perseroan adalah industri padat karya dengan jumlah The company is categorized as labour- intensive sumber daya manusia yang cukup banyak, dengan industry. The number of employees is 2159 persons jumlah karyawan 2.159 orang yang terdiri dari berbagai with various position and education background. So tingkat jabatan, pendidikan, umur dan disiplin ilmu. far, the success achieved by the company is related Sehingga keberhasilan yang telah dicapai oleh to the continuous supports and hard work contribut- Perseroan hingga saat ini tidak lepas dari dukungan ed by all employees in implementing the company’ dan kerja keras dari seluruh karyawan dalam strategy and management policy. Human resources menerapkan strategi dan kebijakan manajemen. development conducted by the company to engage Pengembangan sumber daya manusia dilakukan oleh employees in various training and seminars that are Perseroan dengan mengikutsertakan karyawan dalam held by provate and instantion’s in the country. In berbagai pelatihan maupun seminar-seminar yang addition the company also provides training for diadakan oleh swasta maupun instasi-instasi di dalam employees to improve their knowledge in the devel- negeri. Selain itu, Perseroan juga memberikan pelati- opment of technology. With the increament of opera- han/training bagi karyawan untuk meningkatkan penge- tion and business expansion, the company requires tahuan dibidang perkembangan teknologi. Dengan sufficient number of capable employee to ensure the semakin meningkatnya intensitas kegiatan usaha dan effectiveness and efficiency of the production. Dele- perluasan usaha perseroan, dibutuhkan jumlah tenaga gations of assignments are done with full responsibil- kerja yang cukup dan terampil demi kelancaran operasi ities and concrete purposes. dan efisiensi. Penugasan pekerjaan dilaksanakan dengan penuh tanggung jawab dan tujuan yang jelas.

PT. Siantar Top Tbk. 25 LAPORAN TAHUNAN 2019 ANNUAL REPORT PT. Siantar Top Tbk. 26 LAPORAN TAHUNAN 2019 ANNUAL REPORT KOMPOSISI PEMEGANG SAHAM Shareholder’s Composition

Pemegang saham dan persentase kepemilikan per akhir tahun buku : Shareholders and ownership percentage at the end of the financial year:

Kelompok Jumlah Pemegang Saham Prosentase Kepemilikan Classification Number Of Shareholders Ownership Percentage

Kepemilikan Institusi Lokal 770.848.000 58,84% Local Intitution

Kepemilikan Institusi Asing 186.662.200 14,25% Foreign Intitusion

Kepemilikan Individu Lokal 352.489.701 26,91% Local Individu

Kepemilikan Individu Asing 0 0 Foreign Individu

INFORMASI MENGENAI PEMEGANG SAHAM UTAMA DAN PENGENDALI, BAIK LANGSUNG MAUPUN TIDAK LANGSUNG, SAMPAI KEPADA PEMILIK INDIVIDU Chart Of Information Regarding Ultimate Shareholders Directly and Indirectly Up to Individual Owners

Dalam Negeri Luar Negeri

99,90% 98,00% 30,00%

SMJ SIH FFM

100% 99,99% 99,99% 99,92% 50,00% 50,00% 99,00%

GMI MTA GPJ TAM NBA SPI HXW 99,80%

35,00%

SUI WFJ 2,00%

NAMA DAN ALAMAT ENTITAS ANAK / Name and Address of Subsidiaries

Siantar Megah Jaya Siantar International Holding Co., Ltd. (SIH) SMJ SIH Jl. Lidah Harapan Timur, perum lembah Harapan Siantar International Holding Company Limited No. 09, Lidah Wetan, Lakar Santri, Surabaya. Flat/Rm C 15/F, Full Win Commercial Centre, 573 Nathan Road Mongkok Kln Gemopolis Indonesia GMI Jl Tambak Sawah NO. 26-28, Tambakrejo, Waru, PT. Ngaliyan Bantolo Asri NBA sidoarjo. JL.Puspo Giwang Timur No.6, Salaman Mloyo, Semarang. Megah Tanah Abang Surabaya MTA Jl Tambak Sawah No. 26-28, Tambakrejo, Waru, Henan Xianda Weimei Food Co., Ltd. sidoarjo. HXW Unit 2501, Graham Building A, No.17 outer Loop of Business Road, Free Trade Zone PT. Trisena Anugerah Megah ( East Area ) Zhengzhou, Henan, China. TAM Jl. Kapten Piere Tendean Lingk.Tegal Bai RT 002 RW 004 Karangrejo, Sumbersari, Fukumura Food Manufacturing Jember FFM PT 754 Jalan Stesyen Rasa 64200 Rasa SELANGOR. Wahana Famntasia Jaya WFJ Jl Raya waru No. 3, Desa Kureksari, Waru, PT. Spirit Unggul Indonesia SUI Sidoarjo. Superblok Permata Juanda Blok B No.35 Jl. Raya Juanda, Sedati Agung - Sidoarjo PT. Sands Property Indonesia SPI Lidah Harapan Timur, Perum Lembah Harapan Genta Persada Jaya GPJ No.9, Lidah Wetan-Lakarsantri Surabaya. Jl Raya waru No. 31, Waru, Sidoarjo

PT. Siantar Top Tbk. 27 LAPORAN TAHUNAN 2019 ANNUAL REPORT KRONOLOGI PENCATATAN SAHAM Chronologies of Stock Listing

Saham dari Awal Pencatatan Hingga Akhir Tahun The Company had listed its shares in Jakarta Buku. Pada tanggal 16 Desember 1996, Perseroan Stock Exchange (now Indonesia Stock Exchange) telah mencatatkan sahamnya di Bursa Efek Jakarta in December 16, 1996. The Company shares code (sekarang Bursa Efek Indonesia) dan Bursa Efek was STTP. The initial public offering was Surabaya dengan kode STTP sejumlah 27.000.000 27,000,000 shares of common stock with nominal saham biasa atas nama, dengan nilai nominal Rp value of Rp 500 per shares and market value 500 per saham, dan harga penawaran Rp 2.200 of Rp 2,200 per shares. In 2000, the general setiap saham, tetapi pada tahun 2000 melalui Rapat shareholders meeting had decided to delisted Umum Pemegang Saham, perusahaan melakukan from Surabaya Stock Exchange. Number of delisting dari Bursa Efek Surabaya. Jumlah kepemi- shareholdership’s from 1996 until 2000 didn’t likan saham dari tahun 1996 sampai dengan tahun changed. 2000 tidak mengalami perubahan.

TRANSAKSI PENGGABUNGAN USAHA Business Combination’s Transaction

Pada tahun 2000, Perseroan telah melakukan In 2000, the company merged with PT. Saritama penggabungan usaha dengan PT. Saritama Tunggal Tunggal (affliated company), an instant noodle (pihak yang mempunyai hubungan istimewa), manufacturer, which is located at Tambak Sawah perusahaan yang bergerak dibidang industri mie 27-33 Sidoarjo. instan, yang berlokasi di Jl. Tambak Sawah No. 27-33 Sidoarjo.

STOCK SPLIT Stock Split

Sesuai dengan Keputusan Rapat Umum Pemegang Based on decision of extraordinary Shareholder’s Saham Luar Biasa Perseroan yang diselenggarakan Meeting on June 29th, 2001, stock split has been pada tanggal 29 Juni 2001, perihal pemecahan made by the company with ratio 1:5 (every 1 share saham (Stock Split) dengan perbandingan 1:5 splitted into 5 shares) with share’s price from Rp500 (setiap 1 saham dipecah menjadi 5 saham) dengan per each share turned into Rp100 and effectived nilai nominnal per saham dari Rp500 menjadi Rp100, from December 28, 2001. After stock split, the telah dilaksanakan, dan efektif per tanggal 28 number of circulated share’s turned to be Desember 2001 jumlah saham beredar perseroan 1.310.000.000 share’s with nominal value Rp100 per menjadi 1.310.000.000 saham, dengan nilai nominal share’s.t Rp100 per saham.

PT. Siantar Top Tbk. 28 LAPORAN TAHUNAN 2019 ANNUAL REPORT PERUBAHAN JUMLAH SAHAM BEREDAR Changes in Number of Circulated Shares

Lembar Saham Number of Share’s

Saldo per 1 januari 2000 95.000.000 Balance of January 1, 2000 Pembagian saham bonus dari : 60.800.000 Selisih Penilaian Kembali Aktiva Tetap Distribution of Bonus shares from : Difference of revalution increasement in Property, Plant and Equipment Tambahan Modal disetor - bersih 95.000.000 Addition in Paid - in Capital-net Saldo per 31 desember 2000 95.000.000 Balance asof December 31, 2000 Penerbitan saham baru dalam rangka Penggabungan usaha 95.000.000 PT Saritama Tunggal New Shares distributed in relation with the merger of PT Saritama Tunggal Saldo per 31 Desember 2000 95.000.000 (Nominal Rp500 per saham) Balance as of December 31th, 2000 (As retarted Rp500 par value per share) Penambahan dalam rangka perubahan nilai 95.000.000 nominal saham (stock split) Increase in number of shares outstanding due to change in par value per share Saldo per 31 Desember 2001 (nominal Rp100 per saham) 95.000.000 Balance as of December 31th, 2001 (Rp100 par value per share)

TAMBAHAN MODAL DISETOR BERSIH Additional Paid - In Capital Net

Saldo 1 Januari 2000 yang berasal dari pengeluaran Balance as of January 1th, 2000, from issuance of 27.000.000 saham Perseroan melalui penjualan 27.000.000 shares through initial public offering in saham Perseroan pada penawaran umum tahun 1996, 45.900.000.000. Distribution of bonus shares 1996, 45.900.000.000. Pembagian saham bonus in 2000, 45.600.000.000. Balance as of December tahun 2000, 45.600.000.000. Saldo 31 Desember 31th, 2000 and 2001, 300.000.000. Number of 2001 dan 2000, 300.000.000. Posisi kepemilikan shares in 2001 - 2009 doesn’t change in total. jumlah saham sejak tahun 2001 - 2009 tidak However there are changes of shareholder’s mengalami perubahan. perbedaan hanya pada percentage. prosentase kepemilikan saja.

PT. Siantar Top Tbk. 29 LAPORAN TAHUNAN 2019 ANNUAL REPORT LEMBAGA DAN PROFESI PENUNJANG PASAR MODAL KANTOR PENCATATAN SAHAM Capital Market Supporting Institution and Profession

Akuntan Publik Paul Hadiwinata, Hidajat, Arsono, Retno, Palilingan Public Accountant dan rekan. Public Accountant Registered Public Accountants Jl. Ngagel Jaya no.90 Surabaya 60283 - Indonesia Phone : 62-31-5012161 Fax : 62-31-5012335 email : [email protected]

Pendaftaran Saham PT. Datindo Entrycom Share Register Jl. Jendral Sudirman Kav. 34 -35, Jakarta 10220 Phone : 62-21-5709009 | Fax : 62-21-5709026

PT. Kustodian Sentral Efek Indonesia JL. Jendral Sudirman Kav. 52 – 53, Jakarta

Besarnya fee/imbalan yang diberikan kurang dari 1 milyar rupiah

PT. Siantar Top Tbk. 30 LAPORAN TAHUNAN 2019 ANNUAL REPORT PENGHARGAAN & SERTIFIKASI YANG DITERIMA PERUSAHAAN Certification and Awards

Sebagai wujud komitmen perusahaan terhadap As commitment of the Company about product kualitas produk maka perusahaan mengupayakan quality, the company tried to standardized product standarisasi kualitas produk. Hal tersebut ditandai quality. And on December 1st, 2006, and start from dengan diterimanya Sertifikat ISO 9001:2000 dari dec 1st 2009, it become to ISO 9001 : 2008 certifica- URS pada tanggal 1 Desember 2006, dimulai tion. On December 12, 2007 the Company was tanggal 1 Desember 2009 mengalami peningkatan awarded by East Java’s Governor of its exportation. menjadi sertifikat ISO 9001 : 2008. Pada tanggal 12 Desember 2007 perseroan mendapat penghargaan atas ekspor dari Gubernur Jawa Timur.

Penghargaan Perusahaan Corporate Awards

Global BrandReward Developer Halal Certi cate

The Bestof the Quality Year 2013Product

PT. Siantar Top Tbk. 31 LAPORAN TAHUNAN 2019 ANNUAL REPORT Penghargaan Perusahaan Corporate Awards

TOP BRAND AWARDS

PT. Siantar Top Tbk. 32 LAPORAN TAHUNAN 2019 ANNUAL REPORT ANALISA DAN PEMBAHASAN Management Analysis MANAJEMEN and Discussion

TINJAUAN OPERASI SEGMEN Review of Segment Operation

Produksi Production

Pada tahun 2019 ini Perseroan telah mengoper- In the year 2019 this has been the Company asikan fasilitas produksinya di empat lokasi yaitu operates production facilities in four locations Sidoarjo, Medan, Bekasi dan Makassar. Kapasitas namely Sidoarjo, Medan, Bekasi and Makassar. produksi total yang terpasang dari keempat tempat Total production capacity installed from fourth place tersebut berjumlah 98.224 ribu ton dengan amounted to 98.224 thousand tons of each product masing-masing produk kapasitas produksi terpas- Mie production capacity of 32.525 thousand tons, angnya Mie 32.525 ribu ton, crackers 19.421 ribu 19.421 thousand tons Crackers, of biscuits and ton, biskuit dan wafer 46.278 ribu ton. Dari kapasitas wafer 46.278 thousand tons. Of production capacity produksi terpasang tersebut dalam tahun 2019 installed in the year 2019 was used 60% - 90%. terpakai sebesar 60%-90%.

Perseroan pada saat ini memproduksi berbagai jenis The Company produced variety of snack, such as makanan ringan seperti kerupuk (cracker), mie cracker, noodle, and candy. And in the year 2008 the (noodle) dan permen (candy). Dan pada tahun 2008 company success fully add two new products is Perseroan berhasil menambah 2 produk baru yaitu Biscuit and Wafer. Biskuit dan wafer.

Unit Produksi Kerupuk Cracker Production Unit Perseroan memproduksi bermacam -macam jenis The Company produced variety of crackers, such makanan olahan yang berbentuk kerupuk seperti : as: raw cracker, fully cooked cracker, and etc. Kerupuk Mentah, Kerupuk Matang, Kentang (Potato Chips) dan lain-lain. Unit Produksi Mie Noodle Production Unit Produk makanan ringan sejenis mie yang langsung Snack noodle is a food products like noodles that bisa dinikmati tanpa harus dimasak terlebih dahulu, light can be enjoyed immediately without having to seperti Boyki, Sobamie, Wilco, Tamiku (Mie Gemez, be ccoked first, such as Boyki, Sobamie, Wilco, Spix Mie dll). Tamiku (Gemez Noddle, Spix Noddle), etc. Unit Produksi Biskuit dan Wafer Biscuit and Wafer Production Unit Perseroan sudah mengembangkan usaha dibidang The Company is developing the field of business and biskuit dan wafer dan produksi tersebut sudah wafer biscuits, and production is already can help mampu membantu meningkatkan penjualan. increase of sales.

Unit Produksi Lainnya Any Production Unit Unit produksi lain yang dimiliki oleh Perseroan Other production units owned by the Company are adalah unit produksi printing dan tepung. Unit printing and flour production units. This production produksi ini untuk mendukung ketiga unit produksi unit is to support the three existing production units. yang ada.

PT. Siantar Top Tbk. 33 LAPORAN TAHUNAN 2019 ANNUAL REPORT Aspek Pemasaran Marketing Aspect

Tahun 2019 penjualan perusahaan sebesar Company sales in 2019 of Rp. 3.513 trillion an Rp. 3.513 Triliun mengalami kenaikan sebesar increase of 24,25% compared to the year 2018. 24,25% jika dibandingkan dengan tahun 2018. Hal Management is always trying to create new products ini membuat pihak manajemen terpacu untuk selalu that can compete in the market with an affordable berusaha menciptakan produk-produk baru agar price. dapat bersaing di pasar dengan harga yang terjangkau.

Prospek Usaha Business Prospect

Hal lain yang masih menjadi kendala bagi para Another thing that is still a constraint for the pengusaha adalah situasi politik dan ekonomi baik entrepreneur is the political and economic situation dalam negeri maupun regional yang tidak menentu, in the country and regional fixed income who do not, yang berakibat pada menurunnya kegiatan usaha the result in the decrease of business interests and serta minat investor asing untuk menanamkan foreign investors to infuse capital in Indonesia. With modalnya di Indonesia. Dengan menargetkan laju the economic growth target of 5,37% in 2019, is pertumbuhan ekonomi sebesar 5,37% pada tahun expected to provide new employment opportunities 2019, diharapkan mampu menyediakan lapangan and increase business, so it can reduce the level of kerja baru dan meningkatkan usaha, sehingga dapat unemployment and poverty. Where economic mengurangi tingkat pengangguran dan kemiskinan. growth is still largely ditopang by sector Dimana pertumbuhan ekonomi tersebut sebagian consumption and investment. In addition, inflation is besar masih ditopang oleh sektor konsumsi dan also expected to remain stable in the range of 5 - 7 investasi. Selain itu, inflasi juga diharapkan akan percent. Thus–the people of Indonesia remains tetap stabil pada kisaran 5-7 persen. Dengan optimistic that the national economy will continue to demikian masyarakat Indonesia tetap optimis bahwa be the better, especially in the industrial sector perekonomian nasional akan terus menjadi lebih consumption. baik terutama pada sektor industri konsumsi.

Dengan demikian, diharapkan untuk tahun 2019 It is expected that the Indonesian economic will perekonomian Indonesia masih bisa terjaga dengan getting better in 2019, with emphasis in economic baik, dengan terus menekankan pemulihan ekonomi recovery and emphasis in private sector especially. pada umumnya dan disektor swasta pada And hoping that the Government policy will promote khususnya. Juga kebijakan pemerintah diharapkan good ambiance for investment and advantageous mampu menciptakan iklim investasi dan bisnis yang business where this is assist the company to lebih kondusif. Dimana hal ini akan membantu improve its performance in order to achieve the perseroan dalam memperbaiki kinerja untuk target. mencapai target yang telah ditetapkan.

PT. Siantar Top Tbk. 34 LAPORAN TAHUNAN 2019 ANNUAL REPORT Produk Makanan Ringan Kerupuk & Mie Snack Crackers & Snack Noodle Product

PT. Siantar Top Tbk. 35 LAPORAN TAHUNAN 2019 ANNUAL REPORT Produk Biskuit dan Wafer Biscuit and Wafer Products

PT. Siantar Top Tbk. 36 LAPORAN TAHUNAN 2019 ANNUAL REPORT KINERJA KEUANGAN KOMPREHENSIF Comprehensive Financial Analysis

Pertumbuhan Penjualan Bersih Growth of Net Sales

Penjualan bersih perusahaan untuk tahun yang Company's net sales for ’he year ended on 31 berakhir pada tanggal 31 Desember 2019 dan 2018 December 2019 and 2018 each of Rp. 3.513 billion masing-masing sebesar Rp 3.513 trilyun dan and Rp. 2.827 billion increased by Rp.686 billion or Rp. 2.827 trilyun naik sebesar Rp. 686 milyar atau 24,25% compared with the same period the previous 24,25% dibanding dengan periode yang sama tahun year. sebelumnya.

4.000.000 3.512.509 3.500.000

3.000.000 2.825.409 2.826.957

2.500.000

2.000.000

1.500.000

1.000.000

500.000

0 2017 2018 2019

Pertumbuhan Penjualan Bersih Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2012 - 2016 (Dalam Jutaan Rupiah). The Growth of Net Sales For Years Ended on December 31, 2012 - 2016 (in Million Rupiah).

Pendapatan Komprehensif Lain Another Successful Income

Pendapatan Komprehensif lain perusahaan untuk The company's other comprehensive income for Tahun 2019 adalah sebesar Rp 3,848 milyar sedang- 2019 is IDR 3,848 billion while in 2018 it is IDR 3,156 kan pada tahun 2018 adalah sebesar Rp 3,156 billion milyar

Total Laba Rugi Komprehensif Total Comprehensive Income

Total Laba Rugi Komprehensif perusahaan untuk The company's total Comprehensive Income for Tahun 2019 adalah sebesar Rp 486 milyar sedang- 2019 is IDR 486 billion while in 2018 it is IDR 258 kan pada tahun 2018 adalah sebesar Rp 258 milyar billion

PT. Siantar Top Tbk. 37 LAPORAN TAHUNAN 2019 ANNUAL REPORT Pertumbuhan Laba Profit Growth

Laba Kotor Gross Profit Laba kotor Perusahaan untuk tahun yang Company gross profit for the year ended on 31 berakhir pada tanggal 31 Desember 2019 dan December 2019 and 2018 each of Rp.953 billion 2018 masing masing sebesar Rp.953 milyar and Rp. 620 billion an increase of Rp. 333 billion dan Rp.620 milyar mengalami kenaikan sebesar or 53,79% compared to the same period the Rp. 333 milyar atau 53,79% dibandingkan previous year. The increase in gross profit periode yang sama tahun sebelumnya. Kenaikan primarily was due to the Company increase the laba kotor Perusahaan terutama disebabkan level of sales. karena kenaikan tingkat penjualan.

Beban Usaha Operation Expenses Beban usaha Perusahaan untuk tahun yang Corporate operating expenses for the year ended berakhir pada tanggal 31 Desember 2019 dan on 31 December 2019 and 2018 each of Rp. 334 2018 masing-masing sebesar Rp. 334 milyar dan billion and Rp 282 billion is an increase of Rp. 52 Rp. 282 milyar yang mengalami penurunan billion or 18,57% compared to the same period in sebesar Rp. 52 milyar atau 18,57% dibanding the previous year. The increase is mainly caused periode yang sama pada tahun sebelumnya. due to an increase in advertising & promotion. Kenaikan tersebut terutama disebabkan karena adanya kenaikan beban promosi & iklan.

Laba Usaha Operation Profit Laba Usaha Perusahaan untuk tahun yang Business Profit Company for the year ending on berakhir pada tanggal 31 Desember 2019 dan 31 December 2019 and 2018 each of Rp. 619 2018 masing–masing sebesar Rp. 619 milyar dan billion and Rp. 338 billion to an increase of Rp. 338 milyar yang mengalami kenaikan Rp. 281 billion or 83,12% if compared with the sebesar Rp. 281 milyar atau 83,12% jika same period the previous year. dibandingkan dengan periode yang sama tahun sebelumnya.

Laba Bersih Net Income Laba bersih Perusahaan untuk tahun yang Company net profit for the year ending on 31 berakhir pada tanggal 31 Desember 2019 dan December 2019 and 2018 each of Rp. 483 billion 2018 masing-masing sebesar Rp. 483 milyar dan and Rp. 255 billion increase of Rp. 288 million, or Rp. 255 milyar yang mengalami kenaikan 89,19% If compared with the same period the sebesar Rp. 288 milyar atau 89,19% jika previous year . dibandingkan dengan periode yang sama tahun sebelumnya. PERTUMBUHAN LABA Profit Growth 1.200.000

1.000.000 953.033

800.000 613.460 619.688 619.233 600.000 482.591 325.531 338.159 400.000 216.024 255.089 200.000

0 2017 2018 2019

Laba Bruto Laba Usaha Laba (rugi)

The Growth of Assets, Liabilities and Equity for Year Ended on December 31, 2017 - 2019 (In Millions Rupiah)

PT. Siantar Top Tbk. 38 LAPORAN TAHUNAN 2019 ANNUAL REPORT PERTUMBUHAN JUMLAH AKTIVA, KEWAJIBAN & EKUITAS Growth of Asset, Liabilities, and Equity

Aktiva Asset

Aktiva Lancar Perusahaan pada Tahun 2019 dan The Company's Current Assets in 2019 and 2018 2018 masing masing sebesar Rp 1,165 triliun dan amounted to Rp 1.165 trillion and Rp 1.251 trillion, Rp 1,251 triliun. Aktiva tidak Lancar Perusahaan respectively. The Company's Non-current Assets in pada Tahun 2019 dan 2018 masing masing sebesar 2019 and 2018 amounted to Rp 1.716 trillion and Rp 1,716 triliun dan Rp 1,380 triliun. Rp 1,380 trillion, respectively.

Aktiva Perusahaan pada tanggal 31 Desember 2019 The Company's assets as of December 31, 2019 and dan 2018 masing masing sebesar Rp. 2.882 triliun 2018 amounted to Rp. 2,882 trillion and Rp. 2,631 dan Rp. 2.631 trilyun yang mengalami kenaikan trillion, which increased by Rp. 250 billion or 9.52% sebesar Rp. 250 milyar atau 9,52% dibandingkan compared to the previous year. dengan tahun sebelumnya.

Kewajiban Liabilities

Kewajiban Jangka Pendek Perusahaan pada Tahun The Company's Short-Term Obligations in 2019 and 2019 dan 2018 masing masing sebesar Rp 408 2018 amounted to Rp 408 billion and Rp 676 billion, milyar dan Rp 676 milyar. Kewajiban Jangka respectively. The Company's long-term obligations in Panjang Perusahaan pada Tahun 2019 dan 2018 2019 and 2018 amounted to Rp 325 billion and masing masing sebesar Rp 325 milyar dan Rp 308 Rp 308 billion, respectively. milyar.

Kewajiban Perusahaan pada tanggal 31 Desember The Company's obligations as of December 31, 2019 2019 dan 2018 masing-masing sebesar Rp. 734 and 2018 amounted to Rp. 734 billion and Rp. 985 milyar dan Rp. 985 milyar yang mengalami billion, which decreased by Rp. 251 billion or 25.51% penurunan sebesar Rp. 251 milyar atau 25,51% compared to the previous year. dibandingkan dengan tahun sebelumnya.

Ekuitas Equity

Ekuitas Perusahaan pada tanggal 31 Desember Company equity on 31 December 2019 and 2018 2019 dan 2018 masing-masing sebesar Rp. 2.148 each of Rp. 2.148 billion and Rp. 1.646 billion in the milyar dan Rp. 1.646 milyar yang mengalami increased Rp. 502 billion or 30,47% compared with kenaikan sebesar Rp. 502 milyar atau 30,47% the previous year. dibandingkan dengan tahun sebelumnya.

PT. Siantar Top Tbk. 39 LAPORAN TAHUNAN 2019 ANNUAL REPORT 3.500.000

2.881.563 3.000.000 2.631.190

2.500.000 2.342.432 2.148.007

2.000.000 1.646.388 1.384.772 1.500.000 957.660 984.802 1.000.000 733.556

500.000

- 2017 2018 2019

Aktiva Kewajiban Ekuitas

Pertumbuhan Aktiva Lancar dan Aktiva Tidak Lancar Tahun yang Berakhir Pada Tanggal 31 Desember 2012 - 2016 (Dalam Jutaan Rupiah) The Growth of Current Asset and Non Asset for Years Ended on December 31, 2012 - 2016 (In Millions Rupiah)

25,00% 22,47%

20,00% 16,75% 15,60% 15,49% 15,00%

9,22% 9,69% 10,00%

5,00%

0,00% 2017 2018 2019

Laba terhadap Ekuitas Laba terhadap Jumlah Aset

Pertumbuhan Aktiva Kewajiban dan Ekuitas uantuk Tahun yang Berakhir Pada Tanggal 31 Desember 2017 - 2019 (Dalam Jutaan Rupiah) Growth in liabilities and equity for the year Ended December 31, 2017 - 2019 (In Millions of Rupiah)

PT. Siantar Top Tbk. 40 LAPORAN TAHUNAN 2019 ANNUAL REPORT ARUS KAS Cash Flow

Nilai aliran arus kas bersih yang diperoleh dari aktivi- The net cash flow value obtained from the Compa- tas operasi Perseroan untuk tanggal yang berakhir ny's operational activities for the date ended Decem- pada 31 Desember 2019 adalah sebesar Rp. 500 ber 31, 2019 is Rp. 500 billion increased by Rp.255 miliar meningkat sebesar Rp.255 miliar atau billion or 104.04% compared to December 31, 2018 104,04% dibandingkan pada 31 Desember 2018 amounting to Rp. 245 billion, due to increased sebesar Rp. 245 miliar, yang disebabkan oleh revenues from receivables and payments to suppli- adanya pendapatan dari piutang yang meningkat dan ers that have decreased. pembayaran kepada pemasok yang mengalami penurunan.

KEMAMPUAN MEMBAYAR HUTANG Company's Solvency

Selain hutang kepada Pemegang Obligasi Siantar In addition to the debt to Siantar Top1 Phase 2 Bond- Top1 Tahap 2 Tahun 2016, serta hutang dagang, holders in 2016, as well as trade payables, the debt hutang yang harus ditanggung oleh Perseroan per to be borne by the Company as of December 31, tanggal 31 Desember 2019 adalah Pinjaman Bank 2019 is Short-Term Bank Loans, which are as Jangka Pendek yaitu sebagai berikut : follows:

Pinjaman Bank Jangka Pendek 2019 2018 Short - Term Bank Loans

PT Bank Central Asia Tbk 30.995.681.483 -

PT Bank Mandiri ( Persero ) Tbk - 18.598.095.933

Jumlah Total 30.995.681.483 18.598.095.933 - Diluar hutang hutang tersebut, kewajiban Perseroan Beyond these debts, the Company's obligations are adalah hutang yang timbul atas pembelian bahan debts arising from the purchase of raw materials and baku dan keperluan produksi. Manajemen berkeyak- production needs. Management believes that there inan bahwa, tidak akan ada kesulitan bagi Perseroan will be no difficulty for the Company to meet its debt untuk memenuhi kewajiban membayar hutang obligations when they are due because the Compa- hutang tersebut pada saat jatuh tempo karena ny still has sufficient liquid assets to meet its obliga- Perseroan masih memiliki aset lancar (liquid) yang tions when due. cukup untuk memenuhi kewajiban pada saat jatuh tempo.

TINGKAT KOLEKTIBILITAS PIUTANG Accounts Receivable Collectibility

Pada akhir tahun 2019, jumlah piutang usaha At the end of 2019, the Company's trade receivables Perseroan adalah sebesar Rp. 541.811.807.501,- amount to Rp. 541,811,807,501, - with a receivable dengan tingkat kolektibilitas piutang adalah 49 hari collectibility rate of 49 days, down from the previous menurun dari tahun sebelumnya sebesar 50 hari. Hal year at 50 days. This is caused by the Company's ini disebabkan oleh kebijakan Perseroan yang policy that in the long run can reduce the risk of secara jangka panjang dapat mengurangi resiko customers failing to pay. pelanggan gagal bayar.

PT. Siantar Top Tbk. 41 LAPORAN TAHUNAN 2019 ANNUAL REPORT Tingkat Kolektibilitas Piutang Tahun 2019 (Dalam Juta Rupiah) Tahun 2018 (Dalam Juta Rupiah) Accounts Receivable Rate 2019 (In Million Rupiah) 2018 (In Million Rupiah)

Penjualan bersih 3.512.509 2.826.957 Net Sales 482.094 396.335 Rata-rata piutang usaha Average Trade

Periode rata-rata penagihan 49 50 piutang (hari) Average billing period accounts receivable (days)

STRUKTUR MODAL KEBIJAKAN MANAJEMEN ATAS STRUKTUR MODAL Capital Stucture

Pada tahun 2019, kontribusi utang terhadap stuktur At 2019, the contribution of debt to the Company's modal Perseroan adalah sebesar 25,46% turun capital structure was 25,46%, down from 37,70% last dibandingkan dengan tahun lalu sebesar 37,70%. year. The decrease in debt contribution was largely Penurunan kontribusi utang sebagian besar disebab- due to a reduction in bank loans and an increase in kan oleh berkurangnya pinjaman bank dan peningka- the Company's equity. tan ekuitas Perseroan.

Kebijakan struktur modal Perseroan sejalan dan The Company's capital structure policy is in line and mematuhi peraturan pajak yang berlaku (Peraturan complies with applicable tax regulations (Minister of Menteri Keuangan No. 169/PMK.010/2015) dimana Finance Regulation No. 169 / PMK.010 / 2015) rasio maksimum untuk DER yang diperbolehkan where the maximum ratio for DER allowed for untuk tujuan perpajakan adalah 0,5:1. Pada akhir taxation purposes is 0,5: 1. At the end of 2018, the tahun 2018, DER yang dimiliki oleh Perseroan DER owned by the Company is 0.5: 1. adalah 0,5 : 1.

2019 Kontribusi 2018 Kontribusi Contribution Contribution

Jumlah Liabilitas 733.556 25,5 % 984.802 37,4 % amount of liability Liabilitas Jangka Pendek 408.491 14,2 % 676.674 25,7 % Short-term liabilities

Liabilitas Jangka Panjang 325.065 11,3 % 308.128 11,7 % Long-term liabilities Ekuitas 2.148.007 74,5 % 1.646.388 62,6 % Equity

Jumlah Liabilitas dan Ekuitas 2.881.563 100 % 2.631.190 100 % Total Liabilities and Equity

2019 2018

Rasio Utang Terhadap Ekuitas 0,5 : 1 0,5 : 1 debt ratio without equity

PT. Siantar Top Tbk. 42 LAPORAN TAHUNAN 2019 ANNUAL REPORT PERBANDINGAN ANTARA TARGET DENGAN HASIL YANG DICAPAI ( MENGENAI PENDAPATAN, LABA, DAN STRUKTUR MODAL) Comparison between target and results ( About income, profit and capital structure)

Target Pendapatan yang ingin dicapai perseroan The revenue target to be achieved by the company pada tahun 2019 adalah sebesar 3,497 T. Pada in 2019 is 3.497 T. In the realization of December 31, Realisasi tanggal 31 Desember 2019 pendapatan 2019 the company's revenue reached 3.513 T or perseroan mencapai 3,513 T atau tercapai 100,44% reached 100.44% of the company's target, an dari yang ditargetkan perseroan, mengalami increase of 24.25% from 2018 kenaikan sebesar 24.25% dari tahun 2018 The target of operating profit to be achieved by the Target Laba usaha yang ingin dicapai perseroan company in 2019 is 569.537 billion. In the realization pada tahun 2019 adalah sebesar 569,537 M. Pada of December 31, 2019 the company's operating Realisasi tanggal 31 Desember 2019 laba usaha profit reached 619.233 M or 109% of the company's perseroan mencapai 619,233 M atau tercapai 109% target dari yang ditargetkan perseroan The net profit target that the company wants to Target Laba bersih yang ingin dicapai perseroan achieve in 2019 is 415,046 M. In the realization of pada tahun 2019 adalah sebesar 415,046 M. Pada December 31, 2019 the company's net profit Realisasi tanggal 31 Desember 2019 laba bersih reached 482.591 billion or reached 116.27% of the perseroan mencapai 482,591 M atau tercapai company's target 116.27% dari yang ditargetkan perseroan

TARGET YANG INGIN DICAPAI PERUSAHAAN UNTUK SATU TAHUN MENDATANG Target Desired To Be Achived For The Coming Year

Pada tahun 2020 dengan adanya pandemi covid 19 In 2020, with the covid pandemic 19 affecting the yang mempengaruhi kegiatan usaha Perseroan Company's business activities, the Company has maka Perseroan mempunyai ekspektasi penjualan sales expectations up to the end of 2020 of 10%. sampai dengan akhir tahun 2020 sebesar 10%.

PT. Siantar Top Tbk. 43 LAPORAN TAHUNAN 2019 ANNUAL REPORT INVESTASI BARANG MODAL Capital Goods Investment

Asuransi Insurance Pada tahun 2019, perusahaan telah mengasuran- In 2019, the company has insured all fixed asset and sikan seluruh aktiva tetap dan persediaan terhadap inventory from loss due to risk of fire and other risk kerugian dari kebarakan dan resiko lainnya dengan with insurance amount Rp. 1.228.406.386.949. nilai pertanggungan sebesar Rp. 1.228.406.386.949.

Aktiva Yang Dijaminkan Pledged Asset Pada tahun 2019, Perusahaan juga menjaminkan The Company pledged several fixed assets such as beberapa jenis aktiva tetap berupa tanah, land, building, machines, and inventory for facilities bangunan, mesin-mesin dan persediaan atas fasili- received from PT Indonesia Exim Bank, PT. Bank tas yang diperoleh dari PT. Bank Central Asia. Central Asia Tbk and PT. Bank Central Asia in 2019.

Komponen - komponen Subtansial Substantial Component of dari Pendapatan & Beban Lain - Lain Other Income/Expense Pada tahun 2019 pendapatan dan beban In 2019, income and expenses in the form of a lain-lain yang substansial berupa biaya bunga substantial the cost of interest on loans amounting pinjaman sebesar Rp. 30.727 milyar yang to Rp. 30.727 billion in net income that affect the mempengaruhi laba bersih perusahaan. company.

PT. Siantar Top Tbk. 44 LAPORAN TAHUNAN 2019 ANNUAL REPORT Dampak perubahan harga terhadap Influence of Price Changes penjualan dan pendapatan bersih on the Company Sales and Net Income Perseroan

Adanya perubahan portofolio terhadap sebagian Changes in the portfolio of some existing products produk exist dari harga Rp 500 menjadi Rp 1.000 from the price of Rp 500 to Rp 1,000 and Rp 1,000 to dan Rp 1.000 menjadi Rp 2.000 berdampak terhadap Rp 2,000 have an impact on sales and gross profit of penjualan dan laba kotor perusahaan, karena the company, because with these price changes dengan perubahan harga tersebut menyebabkan cause profit margins to be greater, so the company’s margin Laba menjadi lebih besar, sehingga laba gross profit also increases. kotor perseroan juga meningkat.

Informasi dan fakta material yang terjadi Informasi dan fakta material yang terjadi setelah tanggal laporan akuntan setelah tanggal laporan akuntan

Berdasarkan hasil pemantauan tahunan atas Based on the annual monitoring result of bonds by Obligasi oleh PT Pemeringkat Efek Indonesia PT Pemeringkat Efek Indonesia (Pefindo) through (Pefindo) melalui Surat tanggal 10 Januari 2020, letter dated January 10, 2020, the bonds are rated Obligasi tersebut telah mendapat Single A Plus as Single A

Pada bulan Januari 2020, Entitas telah mengadakan On January 2020, the Entity entered into a lease perjanjian sewa menyewa dengan PT Semestanus- agreement on the vehicle with PT Semestanustra tra Distrindo atas kendaraan dan bangunan dan Distrindo and will be due on December 31, 2020. akan berakhir pada tanggal 31 Desember 2020.

Pada tanggal 04 April 2020, Entitas telah mendapat- On April 04, 2020, the Entity had received approval kan persetujuan dari PT Bank Central Asia Tbk, atas letter from PT Bank Central Asia Tbk, for credit term perpanjangan jangka waktu kredit menjadi sampai extension until April 08, 2021 tanggal 08 April 2021

Deviden Dividend

Pada tahun 2004 Perusahaan telah membagikan In 2004 the Company distributed dividend from net deviden atas laba bersih tahun 2003 sebesar income in 2003 in total amount of Rp 11,310 million Rp 11.310 Juta (per saham sebesar Rp 8,63) atau (Rp8.63 per shares) or approximately 40% from net lebih kurang 40% dari laba tahun buku 2003. income 2003. The Company did not distribute Sedangkan untuk tahun 2010 sampai 2018 sesuai dividend in 2010 until 2018 due to decision of share- dengan Rapat Umum Pemegang saham memutus- holders’ meeting. The Company recorded it as kan untuk mencatat laba perseroan sebagai laba retained income to increase the Company’s capital. ditahan untuk memperkuat modal perseroan.

Investasi mengenai barang modal yang dilakukan Investment in capital goods carried out in 2019 in the pada tahun 2019 berupa penambahan aset tetap form of additional fixed assets worth senilai Rp. 114.897.614.905,- dalam bentuk pembeli- Rp. 114.897.614.905, - in the form of land purchase, an tanah, pembangunan gudang, perbaikan dan warehouse construction, repair and addition of penambahan mesin serta peralatan lainnya yang machinery and other equipment used to support the digunakan untuk menunjang peningkatan produksi increase in the Company's production. Perseroan.

PT. Siantar Top Tbk. 45 LAPORAN TAHUNAN 2019 ANNUAL REPORT REALISASI PENGGUNAAN DANA HASIL PENAWARAN UMUM Realization of the Use of Proceeds from Public Offering

Realisasi penggunaan dana hasil penggunaan dana Realization of cumulative use of proceeds from the Obligasi secara kumulatif sampai dengan akhir tahun use of Bond funds until the end of 2019. 2019.

PT. Siantar Top Tbk. 46 LAPORAN TAHUNAN 2019 ANNUAL REPORT TATA KELOLA PERUSAHAAN Good Corporate’s Govermance

Perusahaan secara konsisten menerapkan The Company has consistently implemented good beberapa prinsip-prinsip Tata Kelola Perusahaan corporate governance are as followings : sebagai berikut :

Prinsip Keadilan Dividend

Setiap asset/ investasi yang digunakan All asset / investment are used to improve the seluruhnya untuk kepentingan peningkatan Company’s performance. kinerja perusahaan.

Adanya perlindungan asuransi terhadap Insurance Protections for buildings, inventories, bangunan, persediaan dan mesin-mesin and production machineries. produksi.

Prinsip Keterbukaan dan Pengungkapan Transparancy and disclosure principle

Setiap adanya Corporate Action yang material Reports of every material corporate to Indonesia selalu di beritahukan ke BEI. Pengungkapan Stock Exchange. Discloses of corporate owner- struktur kepemilikan perusahaan dan pemegang ship structure and major shareholders. saham mayoritas. Periodically audits Financial statements of the Secara berkala laporan keuangan perusahaan Company by public accounting firm periodically, di Audit oleh Kantor Akuntan Publik, dilaporkan submits to OJK and Indonesia Stock Exchange, ke OJK dan Bursa Efek Indonesia serta di and post in two national newspapers. umumkan di dua surat kabar peredaran Nasional.

Prinsip Akuntansi Principle of Accountability

Perusahaan telah membentuk Komite Audit The Company has formed an audit committee yang dikepalai oleh komisaris Independen which is lead by independent commissioner. Perseroan.

Secara berkala minimal satu tahun sekali, The Company holds shareholders meeting and Perusahaan mengadakan RUPS, Publik public expose periodically, minimum once a year. Ekspose dan jika ada corporate action yang If the Company performs material corporate material yang akan dilakukan Perusahaan maka action, the Company should hold extraordinary Perusahaan mengadakan Rapat Umum shareholders’ meeting. Pemegang Saham Luar Biasa (RUPSLB) untuk meminta persetujuan dari para pemegang saham.

PT. Siantar Top Tbk. 47 LAPORAN TAHUNAN 2019 ANNUAL REPORT TUGAS DAN TANGGUNG JAWAB KOMISARIS DAN DIREKSI PERUSAHAAN Duties and responsibilities of the commisioners and board of directors of the company

DEWAN KOMISARIS Board of Commissioners

Perseroan menetapkan komposisi Komisaris The Company shall specify the composition of Board sedemikian rupa, sehingga pengambilan keputusan of Commissioners in such way in order to allow dapat dilakukan dengan cepat dan tepat. Komisaris proper and expeditious decision making. The Board dituntut agar bertindak secara independen, tanpa of Commissioners is required to act independently, adanya benturan kepentingan yang dapat meng- without any conflict of interest that may hinder its ganggu kemampuannya untuk melaksanakan tugas ability to perform its tasks independent and detail secara mandiri dan kritis, baik dalam hubungan satu whether relates with other or Director. sama lain maupun hubungan dengan Direksi.

Komisaris independen paling sedikit berjumlah 30% The number of Independent Commissioner must be (tiga puluh persen) dari keseluruhan jumlah anggota at least 30% (thirty percent) of total members of the Komisaris, sehingga terdapat jaminan kemandirian Board of Commissioners, in order to guarantee the pengambilan keputusan oleh Komisaris. independency of decision making by the Board of Commissioners.

TUGAS DAN TANGGUNG JAWAB DEWAN KOMISARIS Duties and responsibility Board Of Commissioners

Komisaris bertanggung jawab untuk memberikan The Board of Commissioners has the responsibility persetujuan atau rekomendasi sesuai kewenangan to approves or recommends based on the authority yang ditetapkan dalam Anggaran Dasar dan RUPS that has been decided in the Article of Association serta melakukan pengawasan secara umum dan and RUPS ( Shareholder Meeting ) as well as to /atau khusus, memberikan pengarahan dan supervise generally and/or specially, provides pendapat kepada Direksi dalam menjalankan advices and opinions to the Board of Director for the kepengurusan Perseroan. Company’s operation.

Komisaris juga memiliki tanggung jawab untuk The Board of Commissioners has the responsibility melakukan pemantauan terhadap efektivitas praktik in the monitoring the effectiveness of the practice of GCG, dan memberikan saran-saran perbaikan GCG, and to provide constructive suggestions in the mengenai sistem dan implementasi GCG. system of GCG and its implementation. Boards of Perseroan mempunyai 2 (dua) orang Komisaris dan Commissioners of the company are comprised of 3 (tiga) orang Direksi. Komisaris bertindak atas two members, while the boards of directors are nama para pemegang saham sebagai pengawas comprised of three members. Commissioner acts as dan penasehat Direksi sebagai pengurus perseroan. a supervisor and advisor of the board of directors on the behalf of the shareholders. Untuk meningkatkan tata kelola perusahaan perseroan telah membentuk : To promote good corporate governance, the 1. Komisaris Independen company has appointed : 2. Komite Audit 1. Independent commissioner 3. Sekretaris Perseroan 2. Audit committee 3. Corporate secretary

PT. Siantar Top Tbk. 48 LAPORAN TAHUNAN 2019 ANNUAL REPORT KOMISARIS INDEPENDEN Independent Commissioner

Perseroan telah menunjuk salah satu dari komisaris The Company has appointed one of the member of sebagai Komisaris Independen dalam arti tidak board of commissioners as an independent memiliki hubungan apapun dengan Direksi atau commissioner who has not any affiliation to the badan hukum perseroan. Pembentukkan Komisaris Directors or the legal of the company. The appoint- Independen merupakan bagian dari upaya perseroan ment of independent commissioner is a part of the untuk memenuhi persyaratan yang ditetapkan dalam Company’s effort to fulfill the requirements of the pasar modal serta untuk membawa aspirasi capital market, and as a representative of the pemegang saham minoritas. minority shareholders.

RAPAT DEWAN KOMISARIS Meeting Board of Commissioners

Rapat Komisaris diselenggarakan minimal satu kali Meetings of Board of Commissioners (Boc) held at dalam satu bulan. Rapat Komisaris terdiri dari rapat least once a month. The meeting of Board of internal Komisaris dan rapat Komisaris dengan Commissioners consists of internal meeting of Board mengundang Direksi. Rapat Komisaris dapat of Directors and meetings of Board of Commissioner diadakan diseluruh wilayah Republik Indonesia yang by inviting Board of Directors which can be hold ditetapkan oleh Komisaris. Setiap rapat Komisaris anywhere within terrority of the Republic of selalu dibuatkan risalah yang menggambarkan Indonesia as decided by the Board of Commissioner. jalannya rapat. Risalah asli diadministrasikan Every Board of Commissioner meeting is recorded in sebagaimana dokumen Perseroan lainnya. minutes of meeting describing the meeting progress. The original minutes of Meetings are administered as other company’s document. Frekuensi Pertemuan dan Tingkat Kehadiran Dewan Komisaris Meeting Frequency and Attendance Rate of Commissioners

Nama Jabatan Komisaris (BOC) Rapat yang Diikuti Dewan Komisaris Name Position Commissioners (BOC) Meeting Attended by Commissioners

Osbert Kosasih Komisaris Utama 12 12 (Independen)

President Commissioners (Independent)

Juwita Wijaya Komisaris 12 12 Commissioners

RENUMERASI ANGGOTA DEWAN KOMISARIS Commissioners Renumeration

Dalam menjalankan tugasnya setiap anggota Commissioners received renumeration packaged Komisaris memperoleh renumerasi dan fasilitas and other facilities for performing their tasks. These lainnya yang ditentukan oleh RUPS. Besar compensations are decided by Shareholder meeting. renumerasi anggota dewan komisaris untuk tahun Renumeration package for commissioners in 2019 2019 adalah sebesar Rp. 203.000.000,-. were Rp. 203.000.000,- in total amount.

PT. Siantar Top Tbk. 49 LAPORAN TAHUNAN 2019 ANNUAL REPORT DEWAN DIREKSI Board Of Directors

Direksi ditentukan sedemikian rupa untuk Composition of Board of Director is stipulated in such memungkinkan pengambilan keputusan secara tepat away as to allow proper and expeditious decision dan cepat serta memungkinkan Direksi untuk bertin- making as well as allowing Board of Director to act dak secara independen, dalam arti tidak mempunyai independently without any conflict of interest that kepentingan yang dapat mengganggu kapasitasnya may hinder its ability to perform task independent untuk melaksanakan tugas secara mandiri dan kritis. and detail.

TANGGUNG JAWAB DEWAN DIREKSI Responsibilty of Board of Directors

Direksi bertanggung jawab penuh atas pengurusan Directors are fully responsible for management of the Perseroan untuk kepentingan dan tujuan perseroan Company for the purposes and objectives of the serta mewakili perseroan baik didalam maupun diluar company and represents both corporate and outside pengadilan sesuai dengan ketentuan Anggaran the court in accordance with the provisions of Budget Dasar. Tanggung jawab tersebut bersifat tanggung Basics. Responsibilities are shared responsibilities, renteng, yang berarti bahwa seluruh Direktur which means that all Directors are responsible bertanggungjawab bersama-sama hingga harta together to private property when that guilty or forget pribadi apabila yang bersangkutan bersalah atau its duty to run for the benefit of the company. lalai menjalankan tugasnya untuk kepentingan perusahaan.

RAPAT DEWAN DIREKSI Meeting Board of Directors

Rapat Direksi diselenggarakan secara rutin minimal Meetings of Board of Commissioners are held on a sekali dalam satu bulan. Rapat Direksi dapat routine basis but at least once a month. Meetings of diadakan diseluruh wilayah Republik Indonesia yang Bod can be held anywhere within territory the ditetapkan oleh Direksi. Setiap rapat direksi selalu Republic of Indonesia. Every meeting of Board of dibuatkan risalah yang menggambarkan jalannya Director and Board of Commissioners are recorded rapat. Risalah asli diadministrasikan sebagaimana in Minutes of Meeting, note the progress and result of dokumen Perseroan lainnya. meeting. The original Minutes of Meetings are administratif just as one of company’s documents.

Nama Jabatan Komisaris (BOC) Rapat yang Diikuti Dewan Komisaris Name Position Commissioners (BOC) Meeting Attended by Commissioners

Agus Suhartanto Direktur Utama 12 12 President Director

Shindo Sumidomo Direktur 12 12 Director

Armin Direktur 12 12 Director

PT. Siantar Top Tbk. 50 LAPORAN TAHUNAN 2019 ANNUAL REPORT PROGRAM PELATIHAN DALAM RANGKA MENINGKATKAN KOMPETENSI DIREKSI Training Program to Enhance Director’s Competence

Upaya Perseroan dalam meningkatkan kompetensi In the effort of enhancement of Director’s Direksi, dengan mengikuti sertakan seminar- competemcy, the company enroll Directors to the seminar yang diadakan oleh swasta maupun training/seminars held by private or government instansi-instansi didalam dan diluar negeri. either in Indonesia or overseas. The company also Perseroan juga mendatangkan tenaga ahli dari luar hires consultant from overseas to absord knowledge negeri untuk transfer ilmu untuk meningkatkan in order to increase and enhance competency of kompetensi Direksi. Directors.

RENUMERASI ANGGOTA DIREKSI Directors Renumeration

Dalam menjalankan tugasnya setiap anggota Direksi Directors received renumeration packaged and other memperoleh renumerasi dan fasilitas lainnya yang facilities for performing their tasks. These ditentukan oleh RUPS. Besar renumerasi anggota compensations are decided by Shareholder dewan Direksi untuk tahun 2019 adalah sebesar meeting. Remuneration package for Directors in Rp 6.231.516.700,- 2019 were Rp 6.213.516.700,- in total amount.

INFORMASI MENGENAI KEPUTUSAN RUPS TAHUN SEBELUMNYA (2018) Information Of AGMS Resolution Of The Previous Year and Its Realization

Pada hari Kamis, tanggal 28 Juni 2018, RUPST On Thursday, June 28, 2018, the GMS was held at dilangsungkan dari pukul 10.37 WIB sampai 10:37 a.m. to 11:10 p.m., and the EGMS was held dengan 11.10 WIB, dan RUPSLB dilangsungkan from 11:15 to 11:23, held at SANTIKA, Jemursari dari pukul 11.15 WIB sampai dengan 11.23 WIB, highway 258, Surabaya. bertempat di Hotel SANTIKA, jalan Raya Jemursari No.258, Surabaya.

Keputusan Rapat Umum Pemegang Saham General Meeting of Shareholders and General Tahunan dan Rapat Umum Pemegang Saham Luar Shareholders General Meeting: Biasa :

RUPST :

KEPUTUSAN MATA ACARA PERTAMA FIRST AGENDA DECISION

Menerima baik Laporan Pengurusan Direksi dan Receive both the Directors 'Management Report and Pengawasan Dewan Menerima baik Laporan Board Oversight Reports Receive both the Directors' Pengurusan Direksi dan Pengawasan Dewan Management and Board of Commissioners Supervi- Komisaris mengenai jalannya Perseroan dan tata sory Reports regarding the Company's running and usaha Perseroan untuk tahun buku yang berakhir the Company's administration for the fiscal year pada tanggal 31 Desember 2017; ending on December 31, 2017;

Memberikan pembebasan sepenuhnya (acquit et Give full acquit (acquit et de charge) to the Board of de charge) kepada Dewan Komisaris Perseroan Commissioners of the Company for supervisory atas tugas pengawasan dan Direksi Perseroan duties and the Company's Board of Directors

PT. Siantar Top Tbk. 51 LAPORAN TAHUNAN 2019 ANNUAL REPORT atas tugas pengurusan dalam tahun 2017, sepan- for management tasks in 2017, as long as those jang tindakan tersebut tercermin dalam Laporan actions are reflected in the 2017 Financial State- Keuangan Perseroan tahun buku 2017; Menerima ments of the Company; Receive the Company's Laporan Tahunan Perseroan untuk tahun buku yang Annual Report for the year ending in December 31, berakhir pada tanggal 31 Desember 2017; 2017;

Mengesahkan Laporan Posisi Keuangan Konsolida- To ratify the Consolidated Financial Position Report sian dan Laporan Laba Rugi Komprehensif and the Consolidated Comprehensive Income State- Konsolidasian Perseroan untuk tahun buku yang ment of the Company for the fiscal year ending berakhir pada tanggal 31 Desember 2017 yang telah December 31, 2017 which have been audited by the diaudit oleh Kantor Akuntan Publik PAUL Public Accounting Firm PAUL HADIWINATA, HADIWINATA, HIDAYAT, ARSONO, RETNO, HIDAYAT, ARSONO, RETNO, PALILINGAN and PALILINGAN dan Rekan dengan pendapat Wajar Partners with a Fair opinion without exception in all Tanpa Pengecualian dalam semua hal yang material matters material as described in Report sebagaimana diuraikan dalam Laporan No.138 / PHARP-S / GA / VI / 2018 dated June 6, No. 138/PHARP-S/GA/VI/2018 tertanggal 6 Juni 2018; 2018;

KEPUTUSAN MATA ACARA KEDUA SECOND AGENDA DECISION Menyetujui penggunaan Laba untuk tahun buku yang Approve the use of profit for the financial year ending berakhir pada tanggal 31 Desember 2017. December 31, 2017.

KEPUTUSAN MATA ACARA KETIGA THIRD AGENDA DECISION

Menyetujui Penunjukkan Akuntan Publik yang akan Approve the Appointment of a Public Accountant who memeriksa Laporan Keuangan Perseroan untuk will examine the Company's Financial Statements for tahun buku 2018 dan pemberian wewenang kepada the 2018 financial year and authorize the Board of Dewan Komisaris Perseroan untuk menetapkan Commissioners of the Company to determine the honorarium dan menunjuk akuntan pengganti serta honorarium and appoint a replacement accountant persyaratan lain dari penunjukan tersebut. and other requirements of the appointment.

KEPUTUSAN MATA ACARA KEEMPAT DECISION ON THE FOURTH AGENDA Menyetujui untuk memberikan kuasa dan wewenang Agree to grant power and authority to the Company's kepada Dewan Komisaris Perseroan untuk menetap- Board of Commissioners to determine the amount of kan besaran gaji dan tunjangan lainnya bagi para salary and other benefits for members of the Board anggota Direksi dan Dewan Komisaris sesuai of Directors and the Board of Commissioners in dengan struktur, kebijakan dan besaran remunerasi accordance with the structure, policies and berdasarkan kebijakan Perseroan untuk tahun buku remuneration amount based on Company policy for yang berakhir pada tanggal 31 Desember 2018. the fiscal year ending on December 31, 2018.

KEPUTUSAN MATA ACARA KELIMA DECISION OF THE FIFTH AGENDA

Menerima baik Penyampaian dan menyetujui Receive both Submission and approval of the Report Laporan Realisasi Penggunaan Dana Hasil on the Use of Proceeds from the Public Offering of Penawaran Umum Obligasi Berkelanjutan I Tahap II the Company's Phase II Sustainable Bonds. Perseroan.

PT. Siantar Top Tbk. 52 LAPORAN TAHUNAN 2019 ANNUAL REPORT RUPSLB :

KEPUTUSAN MATA ACARA PERTAMA FIRST AGENDA DECISION Menyetujui rencana Perseroan untuk menjadikan Approved the Company's plan to make loan guaran- jaminan hutang atas harta kekayaan milik perse- tees on properties owned by the Company as collat- roan sebagai jaminan hutang perseroan di masa eral for the Company in the future will come, both to yang akan datang, baik kepada pihak bank atau the banks and / or other financial institutions. lembaga keuangan lainnya.

KEPUTUSAN MATA ACARA KEDUA SECOND AGENDA DECISION Menyetujui rencana perluasan usaha dan investasi Agree on plans to expand businesses and invest- di dalam dan di luar negeri. ments at home and abroad.

Pada hari Rabu, tanggal 19 Desember 2018 On Wednesday, December 19, 2018 the Company Perseroan mengadakan Rapat Umum Pemegang held an Extraordinary General Meeting of Share- Saham Luar Biasa di HOTEL VERWOOD Jl. Raya holders at VERWOOD HOTEL Jl. Raya Kupang Kupang Indah Surabaya. Indah Surabaya.

Hasil Keputusan RUPS Luar Biasa : Extraordinary GMS Resolutions :

KEPUTUSAN MATA ACARA PERTAMA FIRST AGENDA DECISION

Menyetujui Perubahan Pasal 3 Anggaran Dasar, Approving Amendment to Article 3 of the Articles of menyesuaikan Maksud dan Tujuan serta Kegiatan Association, adjusting the Purpose and Objectives usaha perseroan sesuai dengan Klasifikasi Baku and business activities of the company in accor- Lapangan Usaha Indonesia (KBLI) Tahun 2017 dance with the 2017 Indonesian Business Field Standard Classification (KBLI)

SECOND AGENDA DECISION KEPUTUSAN MATA ACARA KEDUA Menyetujui perubahan susunan pengurus Perseroan To approve changes in the composition of the dengan mengangkat anggota Direksi yang baru Company's management by appointing a new sebagai pengganti yaitu Bapak AGUS member of the Board of Directors as Mr. AGUS SUHARTANTO, sehingga susunan pengurus SUHARTANTO, so that the composition of the Perseroan menjadi sebagai berikut : Company's management becomes as follows:

Komisaris Utama Bapak Osbert Kosasih Independent Commissioner

Komisaris Ibu Juwita Wijaya Commissioner

Direktur Utama Bapak Agus Suhartanto Independent Director Direktur Bapak Shindo Sumidomo Director Direktur Bapak Armin Director

Direktur Bapak Suwanto Director

Realisasi atas keputusan dalam RUPST tersebut Realization of the decision at the AGMS has been telah direalisasikan sepenuhnya pada tahun buku fully realized in fiscal year 2018 in accordance with 2018 sesuai dengan yang diputuskan dalam rapat. what was decided at the meeting.

PT. Siantar Top Tbk. 53 LAPORAN TAHUNAN 2019 ANNUAL REPORT KEPUTUSAN RUPS PADA TAHUN BUKU 2019 AGMS Resolution Realized in The Current Year

Pada hari jumat, tanggal 28 Juni 2019, RUPST On Friday , 28 June 201 9 , the RUP ST was held dilangsungkan dari pukul 10.42 WIB sampai dengan from 10.42 West Indonesia Time until 11:21 West 11.21 WIB, bertempat di Hotel Verwood, Jl. Raya Indonesia Time, located at the Verwood Hotel , Kupang Indah, Surabaya. Jl. Raya Kupang Indah, Surabaya .

Keputusan Rapat Umum Pemegang Saham Tahunan Resolution of the Annual General Meeting of Share- holders

KEPUTUSAN MATA ACARA PERTAMA FIRST AGENDA DECISION

Menerima baik Laporan Pengurusan Direksi dan Receive both the Report on the Management of the Pengawasan Dewan Komisaris mengenai jalannya Board of Directors and the Supervision of the Board Perseroan dan tata usaha Perseroan untuk tahun of Commissioners regarding the Company's running buku yang berakhir pada tanggal 31 Desember and the Company's business administration for the 2018; fiscal year ending on December 31, 2018;

Memberikan pembebasan sepenuhnya (acquit et de Give full acquit (acquit et de charge) to the Board of charge) kepada Dewan Komisaris Perseroan atas Commissioners of the Company for supervisory tugas pengawasan dan Direksi Perseroan atas duties and the Board of Directors of the management tugas pengurusan dalam tahun 2018, sepanjang duties in 2018, as long as those actions are reflected tindakan tersebut tercermin dalam Laporan Keuan- in the Company's Financial Statements for the fiscal gan Perseroan tahun buku 2018; year 2018;

Menerima Laporan Tahunan Perseroan untuk tahun Receive the Company's Annual Report for the year buku yang berakhir pada tanggal 31 Desember ending in December 31, 2018; 2018;

Mengesahkan Laporan Posisi Keuangan Ratifying the Statements of Financial Position Konsolidasian dan Laporan Laba Rugi Consolidated and Statement of Comprehensive Komprehensif Konsolidasian Perseroan untuk tahun Income Consolidated Company for the year ended buku yang berakhir pada tanggal 31 Desember 2018 on December 31, 2018 , audited by accounting firm yang telah diaudit oleh Kantor Akuntan PAUL PAUL HADIWINATA, HIDAYAT, Arsono, RETNO, HADIWINATA, HIDAYAT, ARSONO, RETNO, PALILINGAN and Partners with the reasonable PALILINGAN dan Rekan dengan pendapat wajar opinion without exception in all things material as Tanpa Pengecualian dalam semua hal yang material described in Report No.00072/3.0355/AU.1/04/ sebagaimana diuraikan dalam Laporan No. 1192-2/1/III/2019 dated March 30, 2019; 00072/3.0355/ AU.1/04/1192-2/1/III/2019 tertanggal 30 Maret 2019

KEPUTUSAN MATA ACARA KEDUA SECOND AGENDA DECISION Menyetujui penggunaan Laba untuk tahun buku Approve the use of profit for the year ending in yang berakhir pada tanggal 31 Desember 2018. December 31, 2018.

PT. Siantar Top Tbk. 54 LAPORAN TAHUNAN 2019 ANNUAL REPORT KEPUTUSAN MATA ACARA KETIGA THIRD AGENDA DECISION

Menyetujui Penunjukkan Akuntan Publik yang akan Approve the Appointment of a Public Accountant who memeriksa Laporan Keuangan Perseroan untuk will examine the Company's Financial Statements for tahun buku 2019 dan pemberian wewenang kepada the 2019 financial year and authorize the Company's Dewan Komisaris Perseroan untuk menetapkan Board of Commissioners to determine the honorari- honorarium dan menunjuk akuntan pengganti serta um and appoint a replacement accountant as well as persyaratan lain dari penunjukan tersebut. other requirements for the appointment.

KEPUTUSAN MATA ACARA KEEMPAT DECISION ON THE FOURTH AGENDA

Menyetujui untuk memberikan kuasa dan wewenang Agree to grant power and authority to the Company's kepada Dewan Komisaris Perseroan untuk Board of Commissioners to determine the amount of menetapkan besaran gaji dan tunjangan lainnya bagi salary and other benefits for members of the Board para anggota Direksi dan Dewan Komisaris sesuai of Directors and the Board of Commissioners in dengan struktur, kebijakan dan besaran remunerasi accordance with the structure, policies and remuner- berdasarkan kebijakan Perseroan untuk tahun buku ation amount based on Company policy for the fiscal yang berakhir pada tanggal 31 Desember 2018. year ending on December 31, 2018.

KEPUTUSAN MATA ACARA KELIMA DECISION OF THE FIFTH AGENDA

Menerima baik Penyampaian dan menyetujui Receive both Submission and approval of the Report Laporan Realisasi Penggunaan Dana Hasil on the Use of Proceeds from the Public Offering of Penawaran Umum Obligasi Berkelanjutan I Tahap II the Company's Phase II Sustainable Bonds. Perseroan.

KEPUTUSAN MATA ACARA KEENAM DECISION OF THE SIXTH AGENDA

Menyetujui rencana Perseroan untuk menjadikan Approved the Company's plan to make loan guaran- jaminan hutang atas harta kekayaan milik Perseroan tees on properties owned by the Company as collat- sebagai jaminan hutang Perseroan di masa yang eral for the Company in the future will come, both to akan datang, baik kepada pihak perbankan dan/atau the banks and / or other financial institutions. lembaga keuangan lainnya

Realisasi atas keputusan dalam RUPST tersebut Realization of the decision at the AGMS has been telah direalisasikan sepenuhnya pada tahun buku fully realized in fiscal year 2019 in accordance with 2019 sesuai dengan yang diputuskan dalam rapat what was decided at the meeting

PT. Siantar Top Tbk. 55 LAPORAN TAHUNAN 2019 ANNUAL REPORT PENILAIAN TERHADAP KINERJA KOMITE YANG MENDUKUNG PELAKSANAAN TUGAS DIREKSI Assessment of the Performance of Committees supporting the Board of Directors

KOMITE AUDIT Audit Commite

Anggota internal audit perseroan adalah sebagai Members of the audit committee are as follows: berikut:

Osbert Kosasih - Ketua komite Osbert Kosasih – Audit Committee Head I Gde Cahyadi - Anggota I Gde Cahyadi – Member Didit Lasmono - Anggota Didit Lasmono – Member

DAFTAR RIWAYAT HIDUP ANGGOTA KOMITE AUDIT Curriculum Vitae of Members of Audit Committee

Osbert Kosasih, Warga Negara Indonesia, lahir Osbert Kosasih, Indonesian citizen, born in 1960 in tahun 1960 di Pekalongan. Mengawali karir sebagai Pekalongan. He began his career as an entrepre- wirausaha dibidang contractor pada tahun 1977. neur in the field of painting contractor in 1977. In Pada tahun 1998 menjadi Direktur Fukumura Food 1998 became Director of Fukumura Food Industries. Industries. Menjabat sebagai Coorporate Secretary Served as Corporate Secretary of the Company in Perseroan pada tahun 2003 sampai dengan 2004, 2003 to 2004, became Vice President Director of menjadi Vice President Director di PT. Shindo Tiara PT. Shindo Tiara Tunggal until 2005. Served as Tunggal sampai dengan tahun 2005. Menjabat Commisioner / Independent Company, began in sebagai Komisaris Utama / Independent Perseroan 2010. mulai tahun 2010. I Gde Cahyadi, Indonesian citizen, born in Sidoarjo I Gde Cahyadi, Warga Negara Indonesia, lahir in 1980. Starting his carrier as internal controller in tahun 1980, di Sidoarjo. Mengawali karir di PT PT Musim Mas Sejahtera as Marketing & Sales Musim Mas Sejahtera sebagai Manager Sales & Manager in 2004 - 2006, as Operational Manager PT Marketing tahun 2004 - 2006, tahun 2006 - 2007 Graha Amartya in 2006 - 2007. Now he is working sebagai Manager Operasional PT Graha Amartya. as Stakeholder Audit Commitee. Pada tahun 2009 - sekarang menjabat sebagai anggota Komite Audit Perseroan. Didit Lasmono, Indonesian citizen, born in Jakarta in 1977. Starting his carrier as Lawyer Consultant in Didit Lasmono, Warga Negara Indonesia, lahir di 2002-2005, as Strategic Consultant in 2005-2008, Jakarta tahun 1977. Mengawali karir sebagai as Auditor in Registered Public Accountant in 2008, Konsultan Hukum di Susanto, Simanungkalit, now and as Stakeholder Audit Commitee in 2015. Saputra tahun 2002-2005, sebagai Strategic Consultant tahun 2005-2008, sebagai Auditor di konsultan public mulai 2008 sampai sekarang. Menjabat sebagai anggota Komite Audit Perseroan dari tahun 2015.

PT. Siantar Top Tbk. 56 LAPORAN TAHUNAN 2019 ANNUAL REPORT TUGAS KOMITE AUDIT Audit Committee Tasks

Komite Audit bertugas untuk memberikan pendapat Audit committee shall provide professional opinion profesional yang independen kepada Dewan independently to the Board of Commissioners about Komisaris terhadap laporan atau hal-hal yang the submmited by the Board of Directors to the disampaikan oleh Direksi kepada Dewan Komisaris Board of Commissioners. Audit committee shall serta mengidentifikasi hal-hal yang memerlukan identify issues which need extra attention by the perhatian komisaris, yang antara lain meliputi: Board of Commissioners such as:

Melakukan peninjauan atas informasi keuangan Evaluates financial information such as financial yang akan dikeluarkan oleh perseroan seperti statements, which will be issued by the laporan keuangan dan informasi keuangan Company. lainnya.

Melakukan peninjauan atas ketaatan perusahaan Evaluates the Company’s compliance to the law terhadap peraturan perundang-undangan di of capital market and other laws, which are bidang pasar modal dan peraturan perundang- related to the Company’s activities. undangan lainnya yang berhubungan dengan kegiatan perusahaan.

Melakukan peninjauan atas kecukupan Evaluates required audit performed by public pemeriksaan yang dilakukan oleh Akuntan Publik accountant to ensure that all risks have been untuk memastikan semua resiko yang penting considered. telah dipertimbangkan.

TANGGUNG JAWAB KOMITE AUDIT Audit Committee Responsibilty

Komite Audit bertanggung jawab kepada dewan Audit committee has responsibility to perform komisaris atas pelaksanaan tugas yang their assignment assigned by the board of ditentukan. commissioner.

Komite Audit wajib membuat laporan kepada The audit committee shall submit report to the Dewan Komisaris atas setiap penugasan yang board of commissioner for the entire assignment diberikan. assigned to them.

AKTIVITAS KOMITE AUDIT Audit Committee Activities

Komite audit secara berkala telah membuat laporan Audit committee submits report to the commissioner kepada komisaris Perseroan dan Komisaris telah periodically. The commissioner informs the work memberitahukan kepada Direksi atas hasil kerja dari result of the audit committee to the director. team Audit. Berdasarkan review kami secara berkala terhadap kinerja perseroan berikut ini kami sampaikan hal hal sebagai berikut:

Perseroan telah melaporkan kinerja usahanya The company has reported the business berupa laporan berkala. performance

PT. Siantar Top Tbk. 57 LAPORAN TAHUNAN 2019 ANNUAL REPORT Semua informasi yang merupakan informasi yang All important information has been reported to penting sudah dilaporkan ke OJK dan IDX. OJK and IDX

Semua informasi yang merupakan transaksi yang All information concerning important transaction penting juga telah dilaporkan ke OJK dan BEI. has been reported to OJK and IDX.

Review pelaksanaan total paket kompensasi Review implementation of the total package Direksi dan Komisaris adalah sebesar konpensasi the Board of Directors and Board of Rp. 4.907.420.383 pada tahun 2018 dan Commissioners is Rp. 4.907.420.383 billion in the Rp. 6.434.516.700 pada tahun 2019 year 2018 and Rp. 6.434.516.700 million in 2019

AKTIVITAS KOMITE AUDIT Audit Committee Activities

Nama Jabatan Komite Audit Name Position Audit Committe

Osbert Kosasih Ketua Komite / Audit Committe Head 4

I Gde Cahyadi Anggota / Member 4 Didit Lasmono Anggota / Member 4

DASAR HUKUM PENUNJUKAN ANGGOTA KOMITE Audit Committee Regarding

Dasar hukum penunjukan anggota komite: The legal basis for the appointment of committee members Peraturan Otoritas Jasa Keuangan Nomor 55/ Financial Services Authority Regulation Number POJK.04/2015 tentang Pembentukan dan 55 / POJK.04 / 2015 concerning the Formation Pedoman Pelaksanaan Kerja Komite Audit and Guidelines for the Implementation of Audit Committee Work.

Ketentuan-ketentuan Anggaran Dasar Perseroan The provisions of the Company's Articles of Asso- mengenai tugas dan wewenang Dewan ciation concerning the duties and authorities of Komisaris. the Board of Commissioners.

Keputusan Dewan Komisaris tanggal 08 April Decision of the Board of Commissioners dated 2016 tentang penunjukan dan pengangkatan April 8, 2016 regarding the appointment and ketua Komite Audit dan Anggotanya. appointment of the chair of the Audit Committee and its Members.

PT. Siantar Top Tbk. 58 LAPORAN TAHUNAN 2019 ANNUAL REPORT SEKRETARIS PERUSAHAAN The Corporate Secretary

Perseroan mempunyai satu orang Sekretaris The Company has one of the Company Secretary of Perseroan yaitu Bp. Armin. Disamping menjabat the Mr. Armin. Besides the secretary of the sekretaris Perseroan, yang bersangkutan juga Company, that also serves as Director of the menjabat sebagai Direktur Perseroan. Company

RIWAYAT HIDUP SINGKAT SEKRETARIS PERUSAHAAN Curriculum Vitae of Corporate Secretary

Bp, Armin, Warga Negara Indonesia, lahir tahun Mr. Armin, Indonesian citizen, born in 1972, in 1972, di Tebing Tinggi, Sumatera Utara. Mengawali Tebing Tinggi, North Sumatera. Starting his carrier karir sebagai Supervisor Marketing pada as Marketing Supervisor of UD. Serdang Utama - UD. Serdang Utama – Medan. Pada tahun 1998 Medan. Worked as Coordinator of PT. Siantar Tama, menjabat sebagai Koordinator PT. Siantar Tama, Sidoarjo in 1998. Joined the Company in the Sidoarjo. Pada awal tahun 2002 bergabung dengan beginning of 2002 as a coordinator of Bekasi plant, perseroan menjabat sebagai Koordinator Bekasi and acts as director and corporate secretary of the sebelum menjabat sebagai direktur perseroan pada Company since 2003. tahun 2003. Sejak tahun 2003 menjabat sebagai sekretaris perusahaan.

TUGAS DARI SEKRETARIS PERUSAHAAN The Corporate Secretary Task

Mengikuti perkembangan pasar modal Stays updated for Development of Capital Market, khususnya peraturan-peraturan yang berlaku di especially Capital Market terms and regulations; Pasar Modal.

Memberikan pelayanan kepada masyarakat atas Provides services to the community for any setiap informasi yang dibutuhkan pemodal yang information needed related to the capitalist berkaitan dengan kondisi Perseroan conditions of the company

Memberikan masukkan kepada Direksi Advising the Company’s Board of Directors to Perseroan untuk mematuhi ketentuan comply the Law No. 8, 1995 concerning the Undang-undang Nomor 8 tahun 1995 tentang Capital Market and its term and regulation for Pasar Modal dan peraturan pelaksanaannya. implementations.

Sebagai penghubung antara Perseroan dengan Act as the Company’s contact person to Bapepam Bapepam dan Masyarakat. and public.

PT. Siantar Top Tbk. 59 LAPORAN TAHUNAN 2019 ANNUAL REPORT DASAR HUKUM PENUNJUKAN SEKERTARIS PERUSAHAAN Audit Committee Activities

Dasar hukum penunjukan sekertaris perusahaan: The legal basis for the appointment is:

UU No. 8 Tahun 1995 tentang Pasar Modal. UU no. 8 of 1995 concerning Capital Markets.

Peraturan Otoritas Jasa Keuangan Nomor Financial Services Authority Regulation Number 35/POJK.04/2014 tentang Sekretaris Pe- 35 / POJK.04 / 2014 concerning Corporate rusahaan Emiten atau Perusahaan Publik Secretary of Issuers or Public Companies (“POJK No. 35/2014”). ("POJK No. 35/2014").

Peraturan Pencatatan efek Nomor I-A tentang Securities Listing Regulations Number IA Pencatatan saham dan Efek Bersifat Ekuitas concerning Listing of Shares and Equity-Type selain Saham yang diterbitkan oleh perusahaan Securities other than Shares issued by listed tercatat (Lampiran Keputusan Direksi PT. Bursa companies (Attachment of Decree of the Board Efek Indonesia Nomor: Kep-00001/BEI/01-2014 of Directors of PT. Bursa Efek Indonesia Number: tanggal 30 Januari 2014). Kep-00001/BEI/01-2014, 30 January 2014).

Surat Keputusan Direksi PT. Siantar Top Tbk Decree of the Directors of PT. Siantar Top Tbk No:045/HRD-SKKT/IV/2016 tanggal 10 April No: 045 / HRD-SKKT / IV / 2016 April 10, 2016 2016.

PT. Siantar Top Tbk. 60 LAPORAN TAHUNAN 2019 ANNUAL REPORT UNIT AUDIT INTERNAL Internal Audit Unit

DASAR HUKUM PENUNJUKAN SEBAGAI LEGAL BASIS FOR THE APPOINTMENT AS HEAD KEPALA UNIT AUDIT INTERNAL OF THE INTERNAL AUDIT UNIT

Unit Audit Internal Perseroan dipimpin oleh seorang The Company's Internal Audit Unit is led by a Head Kepala Unit Kerja yang menjalankan fungsi audit of Work Unit who carries out the internal audit internal dalam Perseroan sebagaimana ditetapkan function within the Company as stipulated in the OJK dalam Peraturan OJK Nomor 56/POJK.04/2015 Regulation Number 56 / POJK.04 / 2015 Concerning Tentang Pembentukan dan Pedoman Penyusunan the Establishment and Guidelines for the Prepara- Piagam Unit Audit Internal (“POJK 56/2015”). Surat tion of Internal Audit Unit Charter ("POJK 56/2015"). Pengangkatan Kepala Audit Internal tanggal 08 April Letter of Appointment Head of Internal Audit Head 2016 dated April 8, 2016

PENGALAMAN KERJA BESERTA PERIODE WORK EXPERIENCE AND TIME PERIODS BOTH WAKTUNYA BAIK DI DALAM MAUPUN DI LUAR INSIDE AND OUTSIDE THE ISSUER OR PUBLIC EMITEN ATAU PERUSAHAAN PUBLIK COMPANY

Unit Kerja Audit Internal Perseroan memiliki integri- The Company's Internal Audit Work Unit has tas dan professional dalam bidangnya, didukung integrity and professionalism in their fields, support- dengan pengetahuan dan pengalamannya selama ed by their knowledge and experience while serving menjabat sebagai kepala Unit Audit Internal. as head of the Internal Audit Unit.

KUALIFIKASI ATAU SERTIFIKASI SEBAGAI QUALIFICATION OR CERTIFICATION AS AN PROFESI AUDIT INTERNAL (JIKA ADA) INTERNAL AUDIT PROFESSION (IF ANY)

Kepala Unit Kerja Audit Internal Perseroan telah The Head of the Company's Internal Audit Work Unit memenuhi kualifikasi yang dibutuhkan Perseroan has fulfilled the qualifications needed by the antara lain : Company, including: Memiliki integritas dan perilaku yang profesional, Having integrity and professional, independent, independen, jujur, dan objektif dalam honest and objective behavior in carrying out their pelaksanaan tugasnya, duties, Memiliki pengetahuan dan pengalaman mengenai Having knowledge and experience regarding teknis audit dan disiplin ilmu lain yang relevan technical audits and other disciplines relevant to dengan bidang tugasnya, their area of work, Memiliki pengetahuan tentang peraturan perunda- Having knowledge about the laws and regulations ngundangan di bidang Pasar Modal dan peraturan in the Capital Market and other related laws and perundang-undangan terkait lainnya, regulations, Memiliki kecakapan untuk berinteraksi dan Having the ability to interact and communicate berkomunikasi baik lisan maupun tertulis secara both verbally and in writing effectively, efektif, Mematuhi standar profesi yang dikeluarkan oleh Comply with professional standards issued by the asosiasi Audit Internal, Internal Audit association, Mematuhi kode etik Audit Internal, Comply with the Internal Audit code of conduct, Menjaga kerahasiaan informasi dan/atau data Maintain the confidentiality of company informa- perusahaan terkait dengan pelaksanaan tugas tion and / or data related to the implementation of dan tanggung jawab Audit Internal kecuali diwajib- Internal Audit duties and responsibilities unless kan berdasarkan peraturan perundang-undangan required by statutory regulations or court atau penetapan atau putusan pengadilan, decisions or decisions, Memahami prinsip tata kelola perusahaan yang Understand the principles of good corporate baik dan manajemen risiko, dan governance and risk management, and Bersedia meningkatkan pengetahuan, keahlian, Willing to increase knowledge, expertise, and dan kemampuan profesionalismenya secara professionalism capabilities continuously. terus-menerus.

PT. Siantar Top Tbk. 61 LAPORAN TAHUNAN 2019 ANNUAL REPORT PENDIDIKAN DAN/ATAU PELATIHAN YANG EDUCATION AND / OR TRAINING FOLLOWED IN DIIKUTI DALAM TAHUN BUKU THE FINANCIAL YEAR

Audit internal telah memiliki pedoman untuk Internal audits have guidelines for carrying out their menjalankan tugas dan tanggung jawabnya duties and responsibilities.

URAIAN TUGAS DAN TANGGUNG JAWAB DESCRIPTION OF DUTIES AND RESPONSIBILITIES

Menyusun dan melaksanakan rencana Audit Prepare and implement an annual Internal Audit Internal tahunan, plan, Menguji dan mengevaluasi pelaksanaan pengen- Test and evaluate the implementation of internal dalian internal dan sistem manajemen risiko control and risk management systems in accor- sesuai dengan kebijakan perusahaan, dance with company policy, Melakukan pemeriksaan dan penilaian atas Checking and evaluating the efficiency and effec- efisiensi dan efektivitas di bidang keuangan, tiveness in finance, accounting, operations, akuntansi, operasional, sumber daya manusia, human resources, marketing, information pemasaran, teknologi informasi, dan kegiatan technology, and other activities, lainnya, Memberikan saran perbaikan dan informasi yang Provide suggestions for improvements and objektif tentang kegiatan yang diperiksa pada objective information about the activities semua tingkat manajemen, examined at all levels of management, Membuat laporan hasil audit dan menyampaikan Make an audit report and submit the report to the laporan tersebut kepada direktur utama dan managing director and the Board of Dewan Komisaris, Commissioners, Memantau, menganalisis dan melaporkan pelak- Monitor, analyze and report the implementation sanaan tindak lanjut perbaikan yang telah of the improvements that have been suggested, disarankan, Bekerja sama dengan Komite Audit, Cooperate with the Audit Committee, Menyusun program untuk mengevaluasi mutu Develop a program to evaluate the quality of kegiatan audit internal yang dilakukannya, dan internal audit activities that it does, and Melakukan pemeriksaan khusus apabila Conducting special inspection if needed. diperlukan.

PERNYATAAN BAHWA TELAH MEMILIKI STATEMENT THAT THE INTERNAL AUDIT UNIT PEDOMAN ATAU PIAGAM (CHARTER) UNIT HAS A GUIDELINE OR CHARTER (CHARTER) AUDIT INTERNAL

Unit Audit internal memiliki Piagam, yang digunakan The Internal Audit Unit has a Charter, which is used sebagai pedoman dalam pelaksanaan tugasnya. as a guide in carrying out its duties

URAIAN SINGKAT PELAKSANAAN TUGAS UNIT A BRIEF DESCRIPTION OF THE IMPLEMENTA- AUDIT INTERNAL PADA TAHUN BUKU, TION OF THE DUTIES OF THE INTERNAL AUDIT Pada tahun 2019, Unit Audit Internal telah UNIT IN THE FINANCIAL YEAR melakukan tugas dan tanggung jawabnya. In 2019, the Internal Audit Unit has carried out its duties and responsibilities. Menyusun dan melaksanakan rencana Audit Internal tahunan, Prepare and implement an annual Internal Audit Menguji dan mengevaluasi pelaksanaan pengen- plan, dalian internal dan sistem manajemen risiko Test and evaluate the implementation of internal sesuai dengan kebijakan perusahaan, control and risk management systems in accor- Melakukan pemeriksaan dan penilaian atas dance with company policy, efisiensi dan efektivitas di bidang keuangan, Checking and evaluating the efficiency and effec- akuntansi, operasional, sumber daya manusia, tiveness in finance, accounting, operations, pemasaran, teknologi informasi, dan kegiatan human resources, marketing, information lainnya, technology, and other activities, Memberikan saran perbaikan dan informasi yang Provide suggestions for improvements and objektif tentang kegiatan yang diperiksa pada objective information about the activities exam- semua tingkat manajemen, ined at all levels of management,

PT. Siantar Top Tbk. 62 LAPORAN TAHUNAN 2019 ANNUAL REPORT Membuat laporan hasil audit dan menyampaikan Make an audit report and submit the report to the laporan tersebut kepada direktur utama dan managing director and the Board of Commission- Dewan Komisaris, ers, Memantau, menganalisis dan melaporkan Monitor, analyze and report the implementation of pelaksanaan tindak lanjut perbaikan yang telah the improvements that have been suggested, disarankan, Bekerja sama dengan Komite Audit, Cooperate with the Audit Committee, Menyusun program untuk mengevaluasi mutu Develop a program to evaluate the quality of kegiatan audit internal yang dilakukannya,dan internal audit activities that it does; and Melakukan pemeriksaan khusus apabila Conducting special inspection if needed. diperlukan.

SISTEM PENGENDALIAN INTERNAL Internal Control System

PENGENDALIAN KEUANGAN DAN OPERASIONAL, FINANCIAL AND OPERATIONAL CONTROLS, AS SERTA KEPATUHAN TERHADAP PERATURAN WELL AS COMPLIANCE WITH OTHER LAWS AND PERUNDANG-UNDANGAN LAINNYA DAN REGULATIONS AND A REVIEW OF THE TINJAUAN ATAS EFEKTIVITAS SISTEM EFFECTIVENESS OF THE INTERNAL CONTROL PENGENDALIAN INTERNAL SYSTEM

Sistem pengendalian internal meliputi berbagai The internal control system includes various control kebijakan dan prosedur pengendalian yang diterapkan policies and procedures implemented by the oleh Direksi dan manajemen guna memberikan Directors and management in order to provide keyakinan yang memadai terhadap pelaksanaan adequate confidence in the implementation of operasional yang efektif dan efisien, laporan keuangan effective and efficient operations, accurate and yang akurat dan dapat diandalkan, serta kepatuhan reliable financial reports, and compliance with appli- terhadap peraturan yang berlaku. Direksi bertanggung cable regulations. The Board of Directors is respon- jawab atas sistem pengendalian internal Perseroan. sible for the Company's internal control system.

Pengendalian keuangan dan operasional, Perseroan Financial and operational control, the Company has telah menerapkan dan akan terus mengembangkan implemented and will continue to develop an internal sistem pengendalian internal untuk memberikan control system to provide certainty that the kepastian bahwa asset perseroan terjaga dengan company's assets are safely maintained and aman dan resiko bisnis yang dihadapi dapat ditangani business risks faced can be handled properly. dengan baik. The Company fully understands that compliance with Perseroan sangat memahami bahwa kepatuhan legal and regulatory environment is an obligation that terhadap hukum dan peraturan peruandang undangan must be implemented so that the company can run its merupakan hal yang wajib diterapkan agar perseroan business smoothly and can continue to grow healthy. dapat menjalankan kegiatan usahanya dengan lancar dan dapat terus bertumbuh dengan sehat.

PT. Siantar Top Tbk. 63 LAPORAN TAHUNAN 2019 ANNUAL REPORT TINJAUAN ATAS EFEKTIVITAS SISTEM PENGEN- REVIEW OF THE EFFECTIVENESS OF THE DALIAN INTERNAL INTERNAL CONTROL SYSTEM

Sistem Pengendalian Internal yang dilakukan oleh The Internal Control System conducted by the perseroan, diantaranya dituangkan dalam bentuk company includes, among other things, a standard standart operasional prosedur yang diberlakukan operational procedure that is implemented in every dalam setiap kegiatan perseroan dengan melakukan company activity by separating clear duties and pemisahan tugas dan wewenang yang jelas antar authority between workers, but still interconnected pekerja, namun tetap saling berhubungan dan and mutually supporting and correcting each other. saling mendukung dan mengoreksi satu sama lain. In its operational activities the separation of duties Dalam kegiatan operasionalnya pemisahan tugas and authority is supported by the existence of dan wewenang tersebut didukung oleh adanya processes and standardization that is able to avoid proses dan standarisasi yang mampu menghindari the mistakes made by workers both intentionally or terjadinya kesalahan yang dibuat oleh pekerja baik unintentionally. sengaja maupun tidak disengaja.

URAIAN MENGENAI SISTEM PENGENDALIAN A DESCRIPTION OF THE INTERNAL CONTROL INTERNAL (INTERNAL CONTROL) YANG SYSTEM (INTERNAL CONTROL) IMPLEMENTED DITERAPKAN OLEH EMITEN ATAU BY THE ISSUER OR PUBLIC COMPANY, AT PERUSAHAAN PUBLIK, PALING SEDIKIT LEAST REGARDING FINANCIAL AND OPERA- MENGENAI PENGENDALIAN KEUANGAN DAN TIONAL CONTROL, AS WELL AS COMPLIANCE OPERASIONAL, SERTA KEPATUHAN TERHADAP WITH OTHER LAWS AND REGULATIONS, AND A PERATURAN PERUNDANG-UNDANGAN LAINN- REVIEW OF THE EFFECTIVENESS OF THE YA, DAN TINJAUAN ATAS EFEKTIVITAS SISTEM INTERNAL CONTROL SYSTEM, PENGENDALIAN INTERNAL,

Sistem pengendalian internal meliputi berbagai The internal control system includes various control kebijakan dan prosedur pengendalian yang diterap- policies and procedures implemented by the kan oleh Direksi dan manajemen guna memberikan Directors and management in order to provide keyakinan yang memadai terhadap pelaksanaan adequate confidence in the implementation of operasional yang efektif dan efisien, laporan effective and efficient operations, accurate and keuangan yang akurat dan dapat diandalkan, serta reliable financial reports, and compliance with kepatuhan terhadap peraturan yang berlaku. Direksi applicable regulations. The Board of Directors is bertanggung jawab atas sistem pengendalian responsible for the Company's internal control internal Perseroan. system.

Pengendalian keuangan dan operasional, Perseroan Financial and operational control, the Company has telah menerapkan dan akan terus mengembangkan implemented and will continue to develop an internal sistem pengendalian internal untuk memberikan control system to provide certainty that the kepastian bahwa asset perseroan terjaga dengan company's assets are safely maintained and aman dan resiko bisnis yang dihadapi dapat ditan- business risks faced can be handled properly. gani dengan baik.

PT. Siantar Top Tbk. 64 LAPORAN TAHUNAN 2019 ANNUAL REPORT SISTEM MANAJEMEN RESIKO Risk Management System

Sebagaimana halnya kegiatan yang dijalankan oleh Just like other activities performed by the other perusahaan-perusahaan lain, Perseroan juga tidak companies, the company is not free from business terlepas dari beberapa resiko usaha yang dapat risk which will influence the company’s income. The mempengaruhi pendapatan Perseroan, antara lain risks are as follows : sebagai berikut :

Resiko Persaingan Risk of Competition

Resiko Persaingan. Pertumbuhan perusahaan The expansion and growth of similar snack -perusahaan sejenis dalam bisnis industri manufacturers can reduce the company’s market makanan ringan dapat memperkecil pangsa share, which at the end will influence income and pasar laba perusahaan. profit of the company.

Resiko Penyediaan Bahan Baku Risk of Raw Material’s Supply Bahan baku yang dipakai untuk produksi Raw materials used for production are mostly sebagian besar diperoleh dari dalam negeri. bought from domestic suppliers. Shortage of Raw Kekurangan bahan baku yang diakibatkan material which is caused by failure of harvest and karena faktor kegagalan hasil panen dan delayed delivery of raw material from suppliers keterlambatan pengiriman bahan baku yang will effect process of production. dilakukan sepihak oleh pemasok dapat mengakibatkan terganggunya kelancaran proses produksi.

Resiko Fluktuasi Harga Bahan Baku Risk of Raw Material’s Price Fluctuation Perubahan harga bahan baku yang tidak dapat di Unanticipated raw materials prices movement will antisipasi secara umum dapat mengakibatkan affect the company’s profit. dampak negatif terhadap keuntungan perseroan.

Resiko Perubahan Selera Konsumen Risk of Customer Taste Distortion Sebagai Perusahaan industri makanan ringan, As a manufacturer of snack, the income and profit pendapatan atau laba usaha Perseroan of the company rely on taste of the products. If tergantung kepada kegemaran selera konsumen there is decreasing of customer’s delighment and terhadap hasil produksi Perseroan, dengan desire to the products, it will influence the demikian apabila ada kegemaran atau selera company income. konsumen menurun terhadap produk-produk perseroan, maka akan mempengaruhi tingkat pendapatan perseroan.

PT. Siantar Top Tbk. 65 LAPORAN TAHUNAN 2019 ANNUAL REPORT INFORMASI TENTANG KODE ETIK PERUSAHAAN Information About Company's Code of Conduct

Informasi mengenai kode etik Perusahaan meliputi: Information regarding company code of conduct public include: POKOK-POKOK KODE ETIK POINTS OF THE CODE OF ETHICS Kode etik perusahaan dijabarkan dalam bentuk Visi The company code of ethics is spelled out in the form dan Misi, yaitu : of a Vision and Mission, namely: VISI : VISION: Menjadi Perusahaan terkemuka di bidang makanan Being a leading company in the field of food and dan minuman dengan cita rasa spesial beverages with special flavors MISI : MISSION: 1.Menyediakan produk yang berkualitas dan 1. Providing quality products and satisfying memuaskan konsumen consumers 2.Mengembangkan keragaman produk dan usaha 2.Developing a variety of products and businesses in sesuai perkembangan kebutuhan pasar accordance with market needs 3.Mengembangkan distribusi di tingkat nasional dan 3. Develop distribution at the national and internasional international levels 4.Membuka kesempatan pihak lain (investor) untuk 4. Open the opportunity for other parties (investors) bekerjasama dengan mensinergikan kemampuan to collaborate by synergizing their capabilities to yang dimiliki untuk memperkuat pengembangan strengthen business development. usaha

BENTUK SOSIALISASI KODE ETIK DAN UPAYA FORM OF CODE OF CONDUCT SOCIALIZATION PENEGAKANNYA, AND ENFORCEMENT EFFORTS Bentuk sosialisasi kode etik adalah dengan diterap- The form of code of ethics socialization is implement- kan, harus dipamahami serta terintegrasi prinsip ed, must be understood and integrated with the prinsip tersebut disetiap tingkat organisasi Perse- principles at every level of the Company's roan. organization.

PERNYATAAN BAHWA KODE ETIK BERLAKU STATEMENT THAT THE CODE OF CONDUCT BAGI ANGGOTA DIREKSI, ANGGOTA DEWAN APPLIES TO MEMBERS OF THE BOARD OF KOMISARIS, DAN KARYAWAN EMITEN ATAU DIRECTORS, MEMBERS OF THE BOARD OF PERUSAHAAN PUBLIK COMMISSIONERS, AND EMPLOYEES OF THE ISSUER OR PUBLIC COMPANY

Kode etik ini wajib diterapkan disetiap kegiatan This code of ethics must be applied in every opera- operasional perusahaan dan berlaku untuk setiap tional activity of the company and applies to every anggota Direksi, anggota Dewan Komisaris, dan member of the Board of Directors, members of the karyawan Board of Commissioners, and employees

INFORMASI MENGENAI BUDAYA PERUSAHAAN INFORMATION ABOUT CORPORATE CULTURE (CORPORATE CULTURE) ATAU NILAI- NILAI OR CORPORATE VALUES PERUSAHAAN. The Company is a labor-intensive industry with a Perseroan adalah industri padat karya dengan considerable amount of human resources, with 2.159 jumlah sumber daya manusia yang cukup banyak, employees consisting of various levels of position, dengan jumlah karyawan 2.159 orang yang terdiri education, age and scientific disciplines. So that the dari berbagai tingkat jabatan, penddikan, umur dan disiplin ilmu. Sehingga keberhasilan yang telah success achieved by the Company to date cannot be dicapai oleh Perseroan hingga saat ini tidak lepas separated from the support and hard work of all dari dukungan dan kerja keras dari seluruh karyawan employees.

PT. Siantar Top Tbk. 66 LAPORAN TAHUNAN 2019 ANNUAL REPORT dalam menerapkan strategi dan kebijakan in implementing management strategies and manajemen. Pengembangan sumber daya manusia policies. Human resource development is carried out dilakukan oleh Perseroan dengan mengikutsertakan by the Company by involving employees in various karyawan dalam berbagai pelatihan maupun semi- trainings and seminars held by the private sector as nar-seminar yang diadakan oleh swasta maupun well as domestic institutions. In addition, the Compa- instasi - instasi di dalam negeri. Selain itu, Perseroan ny also provides training / training for employees to juga memberikan pelatihan/ training bagi karyawan increase knowledge in the field of technological untuk meningkatkan pengetahuan dibidang perkem- development. With the increasing intensity of bangan teknologi. Dengan semakin meningkatnya business activities and expansion of the company's intensitas kegiatan usaha dan perluasan usaha business, a sufficient and skilled workforce is needed perseroan, dibutuhkan jumlah tenaga kerja yang for smooth operations and efficiency. Job assign- cukup dan terampil demi kelancaran operasi dan ments are carried out with full responsibilities and efisiensi. Penugasan pekerjaan dilaksanakan clear objectives. dengan penuh tanggung jawab dan tujuan yang jelas.

SISTEM PELAPORAN PELANGGARAN Whistle Blowing System

Sistem pelaporan pelanggaran di Perseroan terkait The violation reporting system in the Company is hasil dari penanganan pengaduan, terkait tentang related to the results of handling complaints, related cara penyampaian laporan pelanggaran, perlindun- to how to submit reports of violations, protection for gan bagi pelapor, penanganan pengaduan, pihak reporters, handling complaints, parties that manage yang mengelola pengaduan, jumlah pengaduan yang complaints, the number of complaints that come in masuk dan diproses dalam tahun buku dan tindak and be processed in the financial year and follow up lanjut pengaduan. complaints.

Perseroan menyediakan sarana pengaduan The Company provides a means of consumer konsumen karena menyadari betapa pentingnya complaints because it realizes how important the tingkat kepuasan pelanggan dan dalam rangka mem- level of customer satisfaction is and in order to berikan pelayanan terbaik ke pada konsumen. provide the best service to consumers. The Company Perseroan bersungguh - sungguh dalam menyikapi is serious in responding to every consumer complaint setiap pengaduan konsumen dan selalu menyiapkan and is always preparing for countermeasures in the penanggulangan ke depan agar tidak terulang future so that it does not recur kembali To accommodate input from consumers, in every Untuk menampung masukan dari konsumen, dalam package of products sold, the Company always setiap kemasan produk yang dijual, Perseroan selalu includes the address and hotline for consumer mencantumkan alamat dan hotline pengaduan complaints konsumen Customer service: Customer service : 0 800-111-000 (Toll Free / Toll Free) 0 800-111-000 (Bebas Pulsa/Toll Free ) [email protected] [email protected] www.siantartop.co.id www.siantartop.co.id

PT. Siantar Top Tbk. 67 LAPORAN TAHUNAN 2019 ANNUAL REPORT TANGGUNG JAWAB SOSIAL PERUSAHAAN TERHADAP MASYARAKAT DAN LINGKUNGAN. Corporate Social Responsibility to The Community and Environment

Tanggung jawab sosial perusahaan merupakan Corporate social responsibility is the responsibility of tanggung jawab Perseroan terhadap seluruh the Company to all stakeholders, both to the environ- pemangku kepentingan, baik terhadap lingkungan, ment, employees, consumers and shareholders to karyawan, konsumen maupun pemegang saham support smooth operations. guna mendukung kelancaran operasional.

Oleh karena itu Kebijakan Perseroan terkait Therefore, the Company's policies related to social tanggung jawab sosial dan lingkungan selalu and environmental responsibility are always carried dijalankan secara konsisten dan diwujudkan dalam out consistently and manifested in various programs berbagai program dengan biaya yang dikeluarkan with costs incurred during 2019 of 132 million, selama tahun 2019 sebesar 132 juta antara lain including related aspects: terkait aspek :

BIDANG LINGKUNGAN HIDUP Responsibility for the Environment

Perseroan berupaya meminimalisir dampak The Company strives to minimize operational operasional terhadap lingkungan hidup dan selalu impacts on the environment and always maintain menjaga kelestarian lingkungan dan selalu environmental sustainability and is always berkomitmen mengembangkan industri yang ramah committed to developing environmentally friendly lingkungan. industries.

Setiap aspek dalam operasional produksi yang Every aspect of production operations that can affect dapat berpengaruh pada lingkungan kami pantau our environment is monitored and controlled dan dikendalikan secara sungguh – sungguh. seriously.

PRAKTIK KETENAGAKERJAAN, KESEHATAN, DAN KESELAMATAN KERJA Labor, health and safety practices

Perseroan berupaya meminimalisir dampak The Company strives to minimize operational operasional terhadap lingkungan hidup dan selalu impacts on the environment and always preserve menjaga kelestarian lingkungan dan selalu the environment and is always committed to berkomitmen mengembangkan industri yang ramah developing environmentally friendly industries. lingkungan.

Setiap aspek dalam operasional produksi yang Every aspect of production operations that can dapat berpengaruh pada lingkungan kami pantau affect our environment is monitored and controlled dan dikendalikan secara sungguh – sungguh. seriously.

Tingkat Perpindahan (turn over) karyawan Turnover rate of employees

Tingkat Perpindahan Karyawan selama tahun 2019 Employee Movement Rate in 2019 is 0,7%. Work adalah sebesar 0,7 %. Pendidikan dan/atau education and / or training During 2018, the Compa- pelatihan kerja Selama tahun 2018, Perseroan ny developed employee competencies with training mengembangkan kompetensi karyawan dengan and development programs with an average of 27 Program training dan pengembangan dengan hours per employee. rata - rata 27 jam per karyawan.

PT. Siantar Top Tbk. 68 LAPORAN TAHUNAN 2019 ANNUAL REPORT Tingkat Kecelakaan Kerja Work Accident Rate Tingkat Kecelakaan Kerja Pada tahun 2019 adalah Work Accident Rate In 2019 was 0.02% of the Total sebesar 0.02 % dari Total Karyawan pada tanggal Employees as at 31 December 2019. 31 Desember 2019.

Remunerasi Remuneration Perseroan menerapkan prinsip keadilan dalam The Company applies the principle of fairness in remunerasi yang diberikan kepada karyawan remuneration provided to employees by structuring dengan cara menyusun struktur gaji masing - the salary structure of each employee level. masing tingkatan karyawan.

Mekanisme Pengaduan Masalah Labor Complaints Mechanism Ketenagakerjaan The Company realizes the importance of maintain- Perseroan menyadari pentingnya menjaga ing a good relationship between the Company and hubungan yang baik antara Perseroan dengan Workers to achieve favorable results. If there are Pekerja untuk mencapai hasil yang menguntungkan. manpower problems, the grievance mechanism is Bila terjadi masalah ketanagakerjaan, maka based on the Collective Labor Agreement (CLA) mekanisme pengaduan didasarkan pada Perjanjian agreed by the Company and the Workers Union Kerja Bersama (PKB) yang telah disepakati oleh which was signed by the Head of the Manpower and Pihak Perseroan dan Serikat Pekerja yang turut Transmigration Office. ditanda tangani oleh Kepala Dinas Tenaga Kerja dan Transmigrasi.

Kesehatan dan Keselamatan Konsumen Consumer Health and Safety Kesehatan dan Keselamatan konsumen menjadi Consumer Health and Safety is the Company's top prioritas utama Perseroan, sehingga Perseroan priority, so the Company is committed to producing berkomitmen untuk menghasilkan produk yang healthy products and always maintaining product sehat dan selalu menjaga kualitas dan mutu produk. quality. The Company has implemented and has Perseroan telah implementasikan dan sudah received an ISO 9001 Quality Management System mendapatkan Sertifikat Sistem Manajemen Mutu Certificate for All Products, ISO 22000 Food Safety ISO 9001 untuk All Produk, Sistem Manajemen Management System for Coffee and Export Prod- Keamanan Pangan ISO 22000 untuk Kopi dan ucts, HAS 23000 Halal Guarantee System. Produk Eksport, Sistem Jaminan Halal HAS 23000.

Informasi barang dan/atau jasa Information on goods and / or services Informasi mengenai barang yang dihasilkan oleh Information regarding goods produced by the Com- Perseroan telah tercantum dalam “Kegiatan Usaha pany has been stated in "Business Activities as well serta jenis produk yang dihasilkan as the types of products produced

BIDANG PENGEMBANGAN SOSIAL DAN KEMASYARAKATAN Social and Community Development

Pemberdayaan bagi masyarakat sekitar perseroan Empowerment for the community around the compa- dalam bentuk lowongan pekerjaan, perbaikan ny in the form of job vacancies, improvement of sarana dan prasarana sosial di sekitar pabrik seperti social facilities and infrastructure around the factory renovasi tempat ibadah, berpatisipasi dalam such as renovation of places of worship, participa- kegiatan masyarakat di sekitar perseroan dapat tion in community activities around the company can berupa dana, produk atau lainya. be in the form of funds, products or others.

Sarana, Jumlah dan Penanggulangan atas Means, Amounts and Countermeasures for pengaduan Konsumen Perseroan menyediakan Consumer Complaints The Company provides a sarana pengaduan konsumen karena menyadari means of consumer complaints because it realizes betapa pentingnya tingkat kepuasan pelanggan dan how important the level of customer satisfaction is dalam rangka memberikan pelayanan terbaik ke and in order to provide the best service to pada konsumen. consumers.

PT. Siantar Top Tbk. 69 LAPORAN TAHUNAN 2019 ANNUAL REPORT BIDANG TANGGUNG JAWAB PRODUK Responsibility for Product

Kesehatan dan Keselamatan Konsumen Consumer Health and Safety Kesehatan dan Keselamatan konsumen menjadi Consumer Health and Safety is the Company's top prioritas utama Perseroan, sehingga Perseroan priority, so the Company is committed to producing berkomitmen untuk menghasilkan produk yang sehat healthy products and always maintaining product dan selalu menjaga kualitas dan mutu produk. quality. The Company has implemented and has Perseroan telah implementasikan dan sudah received an ISO 9001 Quality Management System mendapatkan Sertifikat Sistem Manajemen Mutu Certificate for All Products; ISO 22000 Food Safety ISO 9001 untuk All Produk; Sistem Manajemen Management System for Coffee and Export Prod- Keamanan Pangan ISO 22000 untuk Kopi dan ucts; Halal Assurance System HAS 23000, Produk Eksport; Sistem Jaminan Halal HAS 23000,

Sarana, Jumlah dan Penanggulangan atas Means, Amounts and Countermeasures for pengaduan Konsumen Consumer complaints Perseroan menyediakan sarana pengaduan The Company provides a means of consumer konsumen karena menyadari betapa pentingnya complaints because it realizes how important the tingkat kepuasan pelanggan dan dalam rangka level of customer satisfaction is and in order to memberikan pelayanan terbaik ke pada konsumen. provide the best service to consumers.

Perseroan bersungguh - sungguh dalam menyikapi The Company is serious in responding to every setiap pengaduan konsumen dan selalu menyiapkan consumer complaint and is always preparing for penanggulangan ke depan agar tidak terulang countermeasures in the future so that it does not kembali. recur.

Untuk menampung masukan dari konsumen, dalam To accommodate input from consumers, in every setiap kemasan produk yang dijual, Perseroan selalu package of products sold, the Company always mencantumkan alamat dan hotline pengaduan includes the address and hotline for consumer konsumen. complaints.

Customer service : Customer service: 0 800-111-000 (Bebas Pulsa/Toll Free ) 0 800-111-000 (Toll Free / Toll Free) [email protected] [email protected] www.siantartop.co.id www.siantartop.co.id

PT. Siantar Top Tbk. 70 LAPORAN TAHUNAN 2019 ANNUAL REPORT LAPORAN TAHUNAN Annual Report

Surat pernyataan Direksi tentang tanggung jawab Director’s statment letter relating to the responsibility atas Laporan Keuangan konsolidasi untuk tahun on the Consolidated Financial Statment of yang berakhir tanggal 31 Desember 2019 dan 2018 PT. Siantar Top Tbk, for the Year ended December PT. Siantar Top Tbk. 31, 2019 and 2018.

Kami yang bertanda tangan dibawah ini : We, the undersigned :

Nama : Agus Suhartanto Name Alamat Kantor : Jl. Tambak sawah No 21-23 Waru – Sidoarjo Office address Alamat domisili sesuai KTP atau identitas : Jl. Baruk Utara 4/55, Surabaya Domicile as stated in ID Card Nomor Telepon : (081) – 1349957 Phone Number Jabatan : Direktur Utama / President Director Position

Nama : Armin Name Alamat Kantor : Jl. Tambak sawah No 21-23 Waru – Sidoarjo Office address Alamat domisili sesuai KTP atau identitas : Jl. Boulevard 8 AD Cemara Asri Sampali Percut - Domicile as stated in ID Card Sei Tuan - Deli Serdang - Sumatra Utara

Nomor Telepon : (031) – 8667382 ( 5 Line Hunting ) Phone Number Jabatan : Direktur / Director Position Menyatakan bahwa, State that,

Bertanggung jawab atas penyusunan dan penyajian We are responsible for the preparation and presen- laporan keuangan Perusahaan, Laporan keuangan tation of the Company financial statements of , The perusahaan telah disusun dan disajikan sesuai Company financial statements have been prepared dengan prinsip akutansi yang berlaku umum di and presented in accordance with generally Indonesia, Semua informasi dalam laporan keuan- accepted accounting principles in Indonesia, All gan Perusahaan telah dimuat secara lengkap dan information contained in the Company financial benar, Laporan keuangan Perusahaan tidak statements are complete and correct, The Company mengandung informasi atau fakta material yang tidak financial statements do not contain misleading benar dan tidak menghilangkan informasi atau fakta material information or facts and do not omit material material, Bertanggung jawab atas sistem information or facts, We are responsible for the pengendalian intern dalam Perusahaan. Company’s internal control system.

Surabaya, 27 Mei 2020 / Surabaya, May 27, 2020 Director / Director

Agus Suhartanto Armin Direktur Utama / President Director Direktur / Director

PT. Siantar Top Tbk. LAPORAN TAHUNAN 2019 ANNUAL REPORT Surat pernyataan anggota dewan Komisaris dan Board members statement board of commissioners Direksi tentang tanggung jawab atas Laporan and responsibilities Annual Report for 2019 Tahunan 2019 PT. Siantar Top Tbk. PT. Siantar Top Tbk.

Kami yang bertanda tangan dibawah ini menyatakan We the undersigned declare that all information in bahwa semua informasi dalam Laporan Tahunan the Annual Report PT. Siantar Top Tbk. in 2019 PT. Siantar Top, Tbk. tahun 2019telah dimuat secara have been fully and take full responsibility for the lengkap dan bertanggung jawab penuh atas truth of the company's annual report. kebenaran isi laporan tahunan perusahaan. Demikian pernyataan ini dibuat dengan sebenarnya. This statement was made with actual.

Sidoarjo, 15 Juni 2020

Dewan Komisaris dan Direksi Board of Commissioner and Directors

Osbert Kosasih Juwita Wijaya Komisaris Utama & Independen Komisaris Independent & President Commissioner Commissioner

Agus Suhartanto Direktur Utama President Director

Shindo Sumidomo Suwanto Armin Direktur Direktur Direktur Director Director Director

PT. Siantar Top Tbk. LAPORAN TAHUNAN 2019 ANNUAL REPORT Wd^/EdZdKWdďŬ EEd/d^E<ͬ E/d^^h^//Z/^

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