02 KILAS KINERJA 2016

14

PROFIL PERUSAHAAN

Company Profile

15

Informasi Perusahaan Corporate Information

15

Sekilas Perusahaan Corporate Overview

16

Sejarah Singkat Corporate Milestones

18

Bidang Usaha Line of Business

19

Visi dan Misi

DAFtAR ISI

tABLE OF CONtENtS

02

KILAS KINERJA 2016

2016 Perfomance Review

02

Ikhtisar Data Keuangan

Financial Highlights

03

Ikhtisar Saham

Stock Highlights

07

Laporan Dewan Komisaris

Board of Commissioners’ Report

11

Laporan Direksi

Board of Directors’ Report

06

LAPORAN MANAJEMEN

Management Report

28

Sumber Daya Manusia

Human Resources

30

Komposisi Pemegang Saham

Shareholders Composition

31

Kronologis Pencatatan Saham

Share Listing Chronology

32

Struktur Kepemilikan Saham

Share Ownership Structure

60

tAtA KELOLA PERUSAHAAN

Good Corporate Governance

60

Kebijakan tata Kelola Perusahaan

Good Corporate Governance Policy

61

Rapat Umum Pemegang Saham

General Meeting of Shareholders

63

Dewan Komisaris Board of Commissioners

65

Direksi Board of Directors

68

Hubungan Afiliasi Affiliations

69

Prosedur Penetapan dan Besaran Renumerasi Dewan Komisaris dan Direksi

Procedures for Determining Remuneration for the Board of Commissioners and the Board of Directors

70

Komite Audit

Audit Committee

72

Komite Nominasi & Remunerasi

Nomination & Remuneration Committee

74

Komite Lain di Bawah Dewan Komisaris dan Direksi

Other Committees Under Board of Commissioners and Board of Directors

76

Sekretaris Perusahaan

Corporate Secretary

35

ANALISIS DAN PEMBAHASAN MANAJEMEN

Management Discussion and Analysis

35

tinjauan Umum

Overview

36

tinjauan Industri

Industry Review

37

tinjauan Operasi Per Segmen Usaha

Operational Review by Business Segment

49

tinjuan Keuangan

Financial Review

54

Kemampuan Membayar Hutang & Kolektibilitas Piutang

Capacity to Pay Debts & Collectable Accounts Receivable

53

Struktur Modal dan Kebijakan Manajemen atas Struktur Modal

Capital Structure and Management Policy on Capital Structure

53

Informasi dan Fakta Material Setelah tanggal Laporan Keuangan Akuntan Publik

Subsequent Material Information and Events

54

Kebijakan Dividen

Dividend Policy

54

Realisasi Penggunaan Dana Hasil Penawaran Umum

Utilization of Proceeds from Public Offering

56

Informasi Material Mengenai Investasi, Ekspansi, Divestasi, Penggabungan/Peleburan Usaha, Akuisisi atau Restrukturisasi Utang/Modal

Information on Investments, Expansions, Divestments, Merger/Acquisition or Restructuring of Capital/Debt

56

Informasi transaksi Material yang mengandung Benturan Kepentingan

Information on Material transactions with Conflict of Interest

57

Perubahan Peraturan Perundang-undangan yang Berpengaruh Signifikan bagi Perusahaan

Changes in Government Regulations with Significant Impact on the Company

58

Perubahan Kebijakan Akuntansi

Changes in Accounting Policies

58

Aspek Pemasaran

Marketing Aspect

59

Prospek Usaha

Business Prospect

77

Sistem Pengendalian Internal

Internal Control System

78

Unit Audit Internal

Internal Audit Unit

79

Akuntan Publik

Public Accountant

79

Manajemen Risiko

Risk Management

83

Kasus Litigasi dan Perkara Hukum

Litigations

83

Sanksi Administratif Administrative Sanctions

83

Akses Informasi Access to Information

83

Etika Perusahaan Corporate Ethics

85

Budaya Perusahaan Corporate Culture

86

Program Kepemilikan Saham oleh Karyawan dan/atau Manajemen

Employee and/or Management Stock Ownership Program

86

Sistem Pelaporan Pelanggaran

Whistleblowing System

87

tANGGUNG JAWAB SOSIAL PERUSAHAAN

Corporate Social Responsibility

87

Kebijakan dan tujuan tanggung Jawab Sosial

KILAS KINERJA 2016 / 2016 PERFOMANCE REVIEW

Ikhtisar Data Keuangan

FINANCIAL HIGHLIGHtS

Laporan rugi Laba

Komprehensif 2016 2015 2014 Comprehensive inComestatement

Pendapatan Usaha 263,11 73,94 68,04 Revenue

Beban Usaha (170,62) (50,64) (40,67) Operating Expenses

Laba Usaha 92,49 23,30 27,38 Operating Income Margin

Laba Bersih Tahun Berjalan 522,13 62,10 67,60 Net Income Margin

Jumlah Laba Bersih yang Diatribusikan kepada Pemilik

Entitas Induk 476,36 61,32 67,43

Net Income Attributable to the Owners of the Company

Jumlah Laba Komprehensif

Tahun Berjalan 677,44 166,62 49,77 Total Comprehensive Incomefor the Year

Jumlah Laba Komprehensif yang Diatribusikan kepada

Pemilik Entitas Induk 503,49 165,72 49,67

Comprehensive Income Attributable to the Owners of the Company

Laba Per Saham - Dasar 58,35 8,25 9,07 Earnings Per Share - Basic

Laba Per Saham - Dilusian 58,35 8,25 9,00 Earnings Per Share - Diluted

Laporan arus Kas 2016 2015 2014 Cash fLow statement

Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas

Operasi 1.387 59,12 (24,63)

Net Cash Provided by (Used for) Operating Activities

Kas Bersih Digunakan

untuk Aktivitas Investasi (1.296) (71,93) (58,18) Net Cash Used in InvestmentActivities

Kas Bersih Diperoleh

dari Aktivitas Pendanaan 444,93 20,10 52,26 Net Cash Provided by Financing Activities

Kenaikan (Penurunan)

Bersih Kas Dan Setara Kas 535,61 7,28 (30,55) of Cash and Cash EquivalentsNet Increase (Decrease)

Kas dan Setara Kas Awal Tahun 35.27 27,99 58,53 Cash and Cash Equivalents at the _{Beginning of Year} Kas dan Setara Kas Akhir Tahun 3.013 35,27 27,99 Cash and Cash Equivalents_{at the End of Year}

neraCa 2016 2015 2014 baLanCe sheet

Jumlah Aset 26.500 1.288 1.114 Total Assets

Jumlah Liabilitas 22.241 57,51 97,46 Total Liabilities

Jumlah Ekuitas 3.086 1.231 1.017 Total Equity

* Dalam Miliar Rupiah (kecuali Laba per Saham) / In Billion Rupiah (Except for Earning per Share)

* Dalam Miliar Rupiah / In Billion Rupiah

Ikhtisar Saham

StOCK HIGHLIGHtS

2 0 1 6

Periode

Period TertinggiHigh TerendahLow PenutupanClose Lembar SahamShares

Nilai Transaksi (Rp) Value (IDR) Frekuensi Frequency Kapitalisasi Pasar (Rp Miliar) Market Capitalization (IDR billion) Kuartal I 1st Quarter 126 90 125 425.100 45.590.400 466 968 Kuartal II 2nd Quarter 167 90 132 1.706.600 210.403.400 1.082 1.022 Kuartal III 3rd Quarter 167 90 104 2.036.900 248.467.200 1.137 952 Kuartal IV 4th Quarter 167 89 89 2.409.200 285.202.100 1.225 814 TOTAL 7.532.00 850.741.100 8.511 3.306

2 0 1 5

Periode

Period TertinggiHigh TerendahLow PenutupanClose Lembar SahamShares

Nilai Transaksi (Rp) Value (IDR) Frekuensi Frequency Kapitalisasi Pasar (Rp Miliar) Market Capitalization (IDR billion) Kuartal I 1st Quarter 129 101 109 2.026.400 230.198.000 2.200 844 Kuartal II 2nd Quarter 129 101 111 2.571.200 291.481.600 2.915 859 Kuartal III 3rd Quarter 129 99 106 2.672.400 302.061.500 3.079 821 Kuartal IV 4th Quarter 125 90 101 262.400 27.000.000 317 782 TOTAL 7.532.00 850.741.100 8.511 3.306

KILAS KINERJA 2016 / 2016 PERFOMANCE REVIEW

Rasio Keuangan

FINANCIAL RAtIOS

rasio Keuangan 2016 2015 2014 finanCiaL ratios

Rasio Laba Bersih terhadap Aset 1,97% 4,82% 6,06% Return on Assets

Rasio Laba Bersih

terhadap Ekuitas 16,91% 5,04% 6,65% Return on Equity

Rasio Marjin Laba Usaha

terhadap Pendapatan 35,15% 31,35% 40,24% Operating Income Margin

Rasio Marjin Laba Tahun

Berjalan terhadap Pendapatan 198,45% 83,99% 99,34% Net Income Margin

Rasio Laba Komprehensif

terhadap Aset 2,56% 12,93% 4,47% Return on Assets(Comprehensive)

Rasio Laba Komprehensif

terhadap Ekuitas 21,95% 13,53% 4,89% (Comprehensive)Return on Equity

Rasio Laba Bersih Komprehensif

terhadap Pendapatan 257,47% 225,34% 73,15% Comprehensive Income Margin

Rasio Lancar 1,18x 7,98x 4,32x Current Ratio

Rasio Liabilitas terhadap Aset 83,92% 4,46% 8,74% Liabilities to Asset Ratio

Rasio Liabilitas terhadap Ekuitas 720,55% 4,67% 9,58% Liabilities to Equity Ratio

Chart Keuangan

FINANCIAL CHARt

Pendapatan Usaha Revenues

dalam Miliar Rupiah | in Billion Rupiah dalam Miliar Rupiah | in Billion Rupiah 68,04

263,11

73,94

2014 2015 2016

Rasio Laba Bersih terhadap Ekuitas Return on Equity dalam % | in % 1,288.7 16,91% 5,04% 6,65% 2014 2015 2016

Rasio Marjin Laba Tahun Berjalan terhadap Pendapatan

Net Income Margin

dalam % | in % 99,34% 83,99% 198,45% 2014 2015 2016 Rasio lancar Current Ratio dalam % | in % 73,15% 225,34% 257,47% 2014 2015 2016

Rasio Laba Bersih terhadap Aset Return on Assets dalam % | in % 6,06% 4,82% 1,97% 2014 2015 2016

Laba Bersih Tahun Berjalan Net Income for the Year

522,13

62,10 67,60

LAPORAN MANAJEMEN / MANAGEMENT’S REPORT

Laporan Dewan Komisaris

BOARD OF COMMISSIONERS’ REPORt

Pemegang Saham dan para pemangku kepentingan yang terhormat,

Meski pemulihan ekonomi global masih berjalan lambat, perekonomian Indonesia tumbuh 5,02% pada tahun 2016. Dalam kondisi demikian, PT Victoria Investama Tbk (Perseroan) melalui entitas anak berhasil mencatatkan performa yang baik. Dewan Komisaris pun senantiasa memantau kinerja Perseroan secara konsisten dan berkelanjutan serta menyampaikan pendapat dan masukan kepada Direksi secara terbuka melalui rapat-rapat rutin. Kami berharap nasihat dan masukan yang kami berikan berikut semua pencapaian dan tantangan sepanjang tahun 2016 mampu menjadikan Perseroan lebih tangguh dan responsif terhadap perkembangan industri keuangan dan dinamika perekonomian di masa depan.

Penilaian Kinerja Direksi

Dewan Komisaris beranggapan bahwa Direksi telah bekerja dengan baik pada tahun 2016 seperti dapat dilihat dari peningkatan modal dan pendapatan. Tak hanya itu, seluruh strategi dan rencana usaha Perseroan telah diimplementasikan dengan baik.

Meski demikian, Direksi harus konsisten mempertahankan serta meningkatkan kinerja Perseroan serta mengimplementasikan rencana kerja tahun 2017 yang telah disusun. Tak hanya itu, Direksi dan Perseroan harus menjadikan sistem pemasaran yang terpadu atas seluruh kegiatan usaha entitas anak, sistem pelaporan yang cepat dan efisien, serta peningkatan pelaksanaan tata kelola perusahaan yang baik (GCG) sebagai fokus utama.

Prospek Usaha

Dewan Komisaris telah menerima dan meninjau rencana kerja yang disusun Direksi untuk periode tahun 2017. Sejalan dengan tahun-tahun sebelumnya, Perseroan tetap akan mengembangkan usaha dengan konsep one stop financial

Dear esteemed Shareholders and stakeholders,

Despite sluggish global economic recovery, Indonesia’s economy grew by 5.02% in 2016. In such condition, PT Victoria Investama Tbk (the Company) through its subsidiaries managed to perform admirably. In addition, the Board of Commissioners continuously and consistently monitored the Company’s performance and provided opinions and inputs to the Board of Directors in an open manner through regular meetings. We expect our advices and feedback as well as all the achievements and challenges in 2016 to make the Company stronger and more responsive to the development of the financial industry and the dynamics of the economy in the future.

Assessment on Board of Directors’

Performance

The Board of Commissioners concludes that the Board of Directors had satisfactorily performed its duties in 2016 as indicated by the increase in the Company’s capital and revenue. In addition, all of the Company’s strategies and business plans had been implemented properly.

However, the Board of Directors must consistently maintain and improve the Company’s performance and implement the predetermined work plans for 2017. Furthermore, the Board of Directors and the Company must establish an integrated marketing system for all subsidiaries’ business activities, a swift and efficient reporting system, and improve the implementation of good corporate governance (GCG) as the main focus.

Business prospect

The Board of Commissioners has received and reviewed the work plan prepared by the Board of Directors for 2017. As in previous years, the Company will continue its one-stop financial services solution business development concept

LAPORAN MANAJEMEN / MANAGEMENT’S REPORT

services solution yang dilaksanakan melalui entitas anak.

Kami optimis kondisi perekonomian pada tahun 2017 akan semakin membaik dan meningkatkan minat masyarakat untuk berinvestasi melalui unit usaha kami.

Pelaksanaan Tata Kelola Perusahaan

dan Tanggung Jawab Sosial Perusahaan

Kami yakin penerapan GCG akan memberi dampak positif bagi Perseroan. Sejak diterbitkannya POJK No. 18/ POJK.03/2014 tentang Penerapan Tata Kelola Terintegrasi Bagi Konglomerasi Keuangan, Dewan Komisaris selalu memberi perhatian lebih terhadap implementasi penerapan GCG Perseroan dan grup usaha Victoria sesuai ketentuan yang berlaku.

Dewan Komisaris juga senantiasa menekankan pentingnya pelaksanaan tanggung jawab sosial perusahaan (CSR). Dewan Komisaris percaya bahwa perusahaan yang baik adalah perusahaan yang dapat memberikan dampak positif kepada karyawan dan masyarakat sekitar. Kami menilai pelaksanaan CSR Perseroan sepanjang tahun 2016 telah cukup baik dan tepat sasaran dengan kegiatan-kegiatan di bidang kesehatan, pengembangan sosial dan pendidikan.

Perubahan Susunan Dewan Komisaris

Susunan Dewan Komisaris Perseroan tidak berubah sepanjang tahun 2016. Susunan Dewan Komisaris baru berubah pada bulan Januari 2017 dengan pengunduran diri Ibu Suzanna Tanojo selaku Komisaris Utama Perseroan dan digantikan oleh Bapak Untung Woenardi selaku Komisaris Utama Perseroan yang diangkat berdasarkan Akta Berita Rapat Umum Pemegang Saham Luar Biasa Perseroan No. 183 tanggal 20 Januari 2017 yang dibuat di hadapan Hasbullah Abdul Rasyid S.H., M.Kn., Notaris di Jakarta Selatan akta mana telah diberitahukan kepada Menkumham berdasarkan Surat Penerimaan Pemberitahuan No. AHU-AH.01.03-0039877 tanggal 30 Januari 2017 dan didaftarkan dalam daftar perseroan No. AHU-17098.AH.01.02.Tahun 2013 tanggal 30 Januari 2017.

implemented through subsidiaries. We are certain that economic condition in 2017 will improve and increase public interest to invest through our business units.

Implementation of Good Corporate

Governance and Corporate Social

Responsibility

We firmly believe GCG implementation will have a positive impact on the Company. Since the issuance of POJK No. 18/POJK.03/2014 on the Implementation of Integrated Corporate Governance for Financial Conglomerates, the Board of Commissioners continuously pays greater attention to GCG implementation within the Company and Victoria Group in accordance with applicable regulations.

The Board of Commissioners also consistently emphasizes on the importance of the implementation of corporate social responsibility (CSR). The Board of Commissioners believes a good company is a company with positive impacts on employees and its surrounding communities. We acknowledge that the Company’s CSR implementation throughout 2016 was commendable and on target with activities in the fields of health, social development, and education.

Changes in Composition of Board of

Commissioners

There were no changes in the composition of the Board of Commissioners in 2016. The composition did change in January 2017 following the resignation of Mrs. Suzanna Tanojo from her position as President Commissioner. Mr. Untung Woenardi was appointed as the new President Commissioner in accordance with the Deed of Extraordinary General Meeting of Shareholders No. 183 dated January 20th_{, 2017, prepared by Hasbullah Abdul Rasyid S.H., M.Kn.,} Notary in South Jakarta. The deed has been notified to Law and Human Rights Minister based on Letter of Acceptance of Notification No. AHU-AH.01.03-0039877 dated January 30th_{, 2017, and registered in the Company Registry No.} AHU-17098.AH.01.02.Tahun 2013 dated January 30th_{, 2017.}

Atas nama Dewan Komisaris

On behalf of the Board of Commissioners of

PT Victoria Investama Tbk

Peter Rulan Isman

Komisaris Independen

Independent Commissioner

Penutup

Saya atas nama Dewan Komisaris mengucapkan terima kasih dan memberikan penghargaan sebesar-besarnya kepada Direksi dan seluruh karyawan Perseroan serta Grup Victoria atas semangat, kerja keras serta dedikasi mereka sehingga Perseroan mampu melewati tahun 2016 dengan baik. Selain itu kami juga mengucapkan terima kasih kepada Pemegang Saham serta pemangku kepentingan lainnya yang telah memberikan kepercayaan kepada Perseroan. Kami optimis Perseroan dapat memberikan manfaat yang lebih besar kepada seluruh insan Perseroan, Pemegang Saham dan pemangku kepentingan lainnya pada tahun 2017.

Closing

On behalf of the Board of Commissioners, I would like to extend my gratitude to the Board of Directors and all employees of the Company and Victoria Group for their passion, hard work and dedication that the Company was able to made it through 2016 in good condition. We also would like to thank the shareholders and other stakeholders for their trust in the Company. We are optimistic that the Company will be able provide greater benefit to all members of the Company, shareholders and other stakeholders in 2017.

LAPORAN MANAJEMEN / MANAGEMENT’S REPORT

Laporan Direksi

BOARD OF DIRECtOR’S REPORt

Pemegang Saham dan para pemangku kepentingan yang terhormat,

Pemulihan ekonomi global masih berjalan lambat dan diwarnai risiko ketidakpastian selama tahun 2016. Meski demikian, pertumbuhan sektor jasa keuangan domestik pada tahun tersebut tergolong baik. Hal itu tercermin dari Indeks Harga Saham Gabungan (IHSG) yang ditutup pada posisi 5.302,57, meningkat sebesar 15,45% dibandingkan posisi penutupan tahun sebelumnya. Selain itu, industri reksa dana juga mengalami pertumbuhan yang cukup baik. Nilai Aktiva Bersih (NAB) Reksa Dana meningkat 22,66% menjadi Rp333,61 triliun. Pada sektor perbankan, Dana Pihak Ketiga tumbuh sebesar 8,40% (yoy) menjadi Rp4.734 triliun yang didominasi oleh pertumbuhan tabungan sebesar 12,49% kemudian giro (8,29%) dan deposito (5,85%).

Strategi Perseroan

Dalam kondisi tersebut, sepanjang tahun 2016 Perseroan melalui entitas anak terus memperluas jaringan pemasaran. Salah satunya adalah pembukaan cabang yang dilakukan oleh PT Victoria Insurance Tbk di Surabaya. Selain itu Perseroan juga terus berusaha untuk menaikkan gairah pasar modal di Indonesia melalui penawaran produk-produk reksa dana yang menarik oleh PT Victoria Manajemen Investasi serta jasa market research kepada nasabah secara harian oleh PT Victoria Securities Indonesia. PT Bank Victoria International Tbk turut pula meluncurkan layanan Internet Banking dan Mobile Banking guna memberikan kenyamanan dan kemudahan bagi nasabah.

Kinerja Perseroan

Kinerja Perseroan selama tahun 2016 terpengaruh oleh keadaan perekonomian Indonesia yang masih belum stabil. Program tax amnesty yang dijalankan oleh pemerintah turut pula berdampak, baik secara langsung maupun tidak langsung, terhadap kegiatan usaha Perseroan. Meski demikian, Perseroan tetap dapat membukukan laba sebesar Rp522 miliar dibandingkan dengan tahun 2015 sebesar Rp62 miliar. Kenaikan ini diakibatkan karena pada tahun 2016, perseroan mengkonsolidasi PT Bank Victoria International, Tbk.

Dear esteemed Shareholders and stakeholders,

The slow pace of global economic recovery in 2016 was marred by the risk of uncertainty. However, domestic financial services sector grew relatively well in that year as indicated by the Indonesian Composite Index (IHSG) that was closed at 5,302.57, up by 15.45% compared with that of the previous year end. In addition, the mutual fund industry also enjoyed a steady growth as Net Asset Value (NAV) of mutual funds increased by 22.66% to Rp333.61 trillion. In the banking sector, third party funds grew by 8.40% year-on-year (yoy) to Rp4,734 trillion, dominated by savings deposit’s growth of 12.49%, followed by giro 8.29% and deposits 5.85%.

Corporate Strategy

In line with the abovementioned development, in 2016 the Company through its subsidiaries continued to expand its marketing network. PT Victoria Insurance Tbk, for example, opened a branch office in Surabaya. The Company also consistently invigorated the Indonesian capital market by offering attractive mutual fund products through PT Victoria Manajemen Investasi as well as daily market research services though PT Victoria Securities Indonesia. In addition, PT Bank Victoria International Tbk launched Internet Banking and Mobile Banking services to provide customers with comfort and convenience.

Corporate Performance

The Company’s performance in 2016 was affected by the state of domestic economy that had yet to fully stabilize. Tax amnesty program run by the government also influenced the Company’s business activities either directly or indirectly. However, the Company was still able to post Rp522 billion profit, significantly higher than Rp62 billion in 2015 as the Company consolidated the PT Bank Victoria International Tbk.

LAPORAN MANAJEMEN / MANAGEMENT’S REPORT

Tak hanya itu, entitas anak juga mencatatkan kinerja yang solid. PT Victoria Insurance Tbk membukukan pertumbuhan Premi Bruto lebih dari 62% selama tahun 2016. PT Victoria Securities Indonesia pun berhasil meningkatkan pendapatan penjaminan pelaksana emisi obligasi sebesar 73% dibandingkan dengan tahun 2015. PT Victoria Manajemen Investasi turut pula berhasil meningkatkan jumlah dana kelolaan hampir mencapai 1.000% dari tahun sebelumnya. Pencapaian-pencapaian entitas anak Perseroan tersebut merupakan prestasi sangat memuaskan di tengah kondisi perekonomian yang masih belum stabil.

Tata Kelola Perusahaan, Tanggung

Jawab Sosial, dan Pengembangan

Sumber Daya Manusia

Perseroan senantiasa berpedoman kepada peraturan perundang-undangan yang berlaku terkait penerapan tata kelola perusahaan yang baik (GCG). Sebagai bagian kepatuhan terhadap ketentuan Otoritas Jasa Keuangan (OJK), Perseroan telah menerapkan tata kelola dan manajemen risiko terintegrasi bagi konglomerasi keuangan. Hal ini memungkinkan pemantauan dan evaluasi pelaksanaan GCG secara terpadu dan berkelanjutan di Perseroan serta seluruh entitas anak.

Sepanjang tahun 2016, Perseroan melaksanakan beberapa program tanggung jawab sosial (CSR) secara langsung atau melalui entitas anak. Adapun kegiatan-kegiatan yang dijalankan secara langsung oleh Perseroan bersama entitas anak adalah donor darah dan kunjungan ke panti tuna netra. Pengembangan SDM juga menjadi salah satu fokus utama Perseroan di tahun 2016. Berdasarkan keyakinan bahwa SDM yang terlatih dan kompeten akan meningkatkan efektivitas usaha, Perseroan telah mengikutsertakan karyawan dan manajemennya dalam seminar-seminar dan pelatihan yang sesuai dengan bidang masing-masing.

Kendala

Tahun 2016 merupakan tahun yang penuh tantangan bagi grup usaha Perseroan. Keadaan ekonomi Indonesia yang masih belum stabil menyebabkan perlambatan pertumbuhan usaha Perseroan meskipun secara konsolidasi Perseroan masih dapat membukukan laba pada tahun 2016. Selain itu efektivitas kerja sama antar unit usaha juga masih terkendala. Oleh karena itu Perseroan akan lebih memperhatikan hal ini pada tahun 2017.

Moreover, subsidiaries also performed impeccably. PT Victoria Insurance Tbk booked Gross Premium growth of more than 62% in 2016. PT Victoria Securities Indonesia also managed to increase bond underwriting revenue by 73% compared with 2015. Likewise, PT Victoria Manajemen Investasi successfully boosted assets under management by almost 1,000% from the previous year. Amid economic climate that had yet to fully stabilize, these exceptional results marked the Company’s outstanding performance.

Good Corporate Governance, Corporate

Social Responsibility and Human

Resources Development

The Company continues to comply with applicable laws and regulations on the implementation of good corporate governance (GCG). Pursuant to the provisions of the Financial Services Authority (OJK), the Company has implemented integrated corporate governance and risk management for financial conglomerates. This enables integrated and sustainable monitoring and evaluation of corporate governance implementation in the Company and all of its subsidiaries.

Throughout 2016, the Company carried out its corporate social responsibility (CSR) directly or through subsidiaries. CSR activities conducted directly by the Company and its subsidiaries included a blood donation and a visit to a home for the blind.

Human resources development was also one of the Company’s main focuses in 2016. Based on the belief that trained and competent human resources will increase business efficacy, the Company had sent employees and members of its management board to participate in seminars and trainings tailored to their respective field.

Obstacles

The Company sees 2016 as a challenging year for its business group. Indonesia’s economic condition that had yet to stabilize led to the Company’s business growth slowdown despite the fact that the Company was still able to post consolidated profit in that year. Furthermore, the effectiveness of cooperation between business units was still below expectation. The Company therefore will pay more attention to the issue in 2017.

Atas nama Direksi

On behalf of the Board of Directors of

PT Victoria Investama Tbk

Prospek Usaha

Untuk tahun 2017, Perseroan berencana membentuk unit usaha baru melalui salah satu entitas anak guna memperluas pemasaran grup usaha Perseroan secara keseluruhan. Rencana ini adalah bagian dari inisiatif pemasaran terpadu yang merupakan salah satu fokus utama Perseroan untuk tahun depan yang akan membawa Perseroan semakin dekat dengan tujuannya untuk dapat memberikan one stop

financial services solution kepada para nasabah.

Perseroan juga akan fokus pada peningkatan pelaksanaan GCG secara menyeluruh serta pembangunan sistem yang terintegrasi. Selain itu entitas anak Perseroan juga akan melakukan pengembangan pelayanan kepada nasabah seperti halnya dilakukan oleh BVIC melalui layanan

internet banking dan mobile banking dan VSI yang akan

mengembangkan layanan VSOP. Di luar fokus-fokus utama tersebut, Perseroan akan terus melakukan pengembangan di berbagai bidang lain.

Langkah-langkah di atas akan meningkatkan efisiensi kegiatan usaha Perseroan baik secara langsung maupun tidak langsung. Perseroan optimis pada tahun 2017 Perseroan bersama entitas anak mampu memberikan kontribusi terbaik untuk mengembangkan industri keuangan Indonesia.

Perubahan Susunan Direksi

Tidak ada perubahan susunan Direksi Perseroan sepanjang tahun 2016.

Penutup

Direksi mengucapkan terima kasih yang sebesar-besarnya kepada Pemegang Saham dan nasabah grup Victoria atas kepercayaan yang telah diberikan. Kami juga mengucapkan terima kasih atas dukungan dan kerja sama yang diberikan oleh Dewan Komisaris, karyawan dan seluruh pemangku kepentingan lainnya. Dengan sumber daya yang berharga tersebut, PT Victoria Investama Tbk siap menjadi perusahaan investasi papan atas dalam skala internasional dan memberikan jasa pelayanan keuangan terpadu yang terpercaya.

Business Prospect

For 2017, the Company plans to establish a new business unit through one of its subsidiaries in order to expand the group’s marketing network. This plan is part of an integrated marketing initiative, which is one of the Company’s main focuses for next year that will bring the Company closer to its goal of becoming a one-stop financial services solution provider for its customers.

The Company will also focus on improving the overall GCG implementation as well as the development of an integrated system. In addition, our subsidiaries will also improve customer service such as BVIC that has launched internet banking and mobile banking services as well as VSI that plans to develop VSOP service. Other than the aforementioned key focuses, the Company will continue development in various other fields.

The abovementioned steps will increase the efficiency of the Company’s business activities either directly or indirectly. The Company is optimistic that in 2017, the Company and its subsidiaries will be able to contribute their best to develop financial industry in Indonesia

Changes in Composition of Board of

Directors

There were no changes in the composition of the Board of Directors in 2016.

Closing

The Board of Directors would like to extend its gratitude to the Shareholders and the customers of Victoria Group for their trust. We also would like to thank the Board of Commissioners, the employees, and other stakeholders for their support and cooperation. With these valuable resources, PT Victoria Investama Tbk is ready to become a top-class investment services company at international level and provide reliable one-stop financial solutions.

PROFIL

PERUSAHAAN

Informasi Perusahaan

CORPORAtE INFORMAtION

Nama

Name : PT Victoria Investama Tbk (d.h. PT Tata Sekuritas Maju, PT Victoria Sekuritas)

PT Victoria Investama Tbk (previously PT Tata Sekuritas Maju, PT Victoria Sekuritas)

Kode Saham

Ticker Symbol : VICO

Bidang Usaha

Line of Business : Investasiinvestment

Status Perusahaan

Company Status : Perusahaan PublikPublic Company

Tanggal Akta Pendirian

Date of Deed : 26 Oktober 1989October 26th_{, 1989} Modal Dasar

Authorized Capital : 15.000.000.000 Saham15,000,000,000 Shares

Modal Ditempatkan dan Disetor Penuh

Issued and Fully Paid-Up Capital

: 9.150.094.680 Saham

9,150,094,680 Shares

Tanggal Pencatatan Saham

Date of Share Listing : 8 Juli 2013 di Bursa Efek Indonesia

July 8th_{, 2013, on Indonesia Stock}

Exchange

Jumlah SDM

Number of Employees : 7 orang 7 People

Alamat

Address : Victoria Suites, Panin Tower lantai 8, Senayan City Jalan Asia Afrika Lot 19, Gelora, Tanah Abang, Jakarta 10270 Telp : (62-21) 7278 2287 Faks. 021 7278-2281 Website : www.victoriainvestama.co.id Email : corsec@victoriainvestama.co.id

Sekilas tentang Perusahaan

COMPANy OvERvIEW

PT Victoria Investama Tbk (Perseroan) didirikan pada tanggal 26 Oktober 1989 dengan nama PT Tata Sekuritas Maju sebagai sebuah perusahaan yang bergerak di bidang perantara efek dan penjaminan emisi efek. Sesuai kapasitas usahanya, Perseroan terdaftar sebagai anggota Bursa Efek Jakarta pada tahun 1995, dan selanjutnya di Bursa Efek Surabaya pada tahun 1999. Pada tahun 2000, Perseroan mengubah nama menjadi PT Victoria Sekuritas. Pada tahun 2012, Perseroan kembali mengubah nama menjadi PT Victoria Investama sesuai fokus dan konsolidasi usaha sebagai perusahaan investasi.

Demi mewujudkan visi menjadi perusahaan investasi papan atas dalam skala internasional dan memberikan jasa pelayanan keuangan terpadu yang terpercaya melalui entitas anak, pada tanggal 8 Juli 2013 Perseroan melakukan penawaran umum perdana dan mencatatkan sahamnya di Bursa Efek Indonesia dengan kode saham VICO. Penawaran umum perdana tersebut juga bertujuan untuk mengakomodasi ekspansi usaha Perseroan dan entitas anak di masa depan.

Sejak awal pendiriannya hingga saat ini, Perseroan dijalankan oleh sumber daya manusia profesional dan berdedikasi tinggi. Tak hanya itu, berkat pengelolaan yang efektif dan progresif serta sinergi yang kuat dengan entitas anak, Perseroan berhasil melewati krisis keuangan dengan baik.

Ke depannya, Perseroan berkomitmen untuk terus memperluas dan mengembangkan layanan investasinya sesuai misi memaksimalkan nilai pemegang saham.

PT Victoria Investama Tbk (the Company) was established on October 26th, 1989, under the name PT Tata Sekuritas Maju as a company engaged in securities brokerage and underwriting. In line with its business capacity, the Company was registered as a member of the Jakarta Stock Exchange in 1995, and subsequently as a member of the Surabaya Stock Exchange in 1999. In 2000, the Company changed its name to PT Victoria Sekuritas. In 2012, the Company changed its name to PT Victoria Investama in accordance with its business focus and consolidation as an investment company.

In order to realize its vision of becoming a top-class investment services company at international level, and providing reliable one stop financial solutions through subsidiaries, on July 8th_{, 2013, the Company conducted initial public offering and listed its}

shares on the Indonesia Stock Exchange with ticker symbol VICO. The initial public offering was also intended to accommodate the expansion of the Company and its subsidiaries in the future.

Since its establishment to date, the Company is run by professional and dedicated human resources. In addition, Company had successfully navigated through the financial crisis thanks to effective management as well as progressive and strong synergy

PROFIL PERUSAHAAN / COMPANY PROFILE

2007

Sejarah Singkat

CORPORAtE MILEStONES

Perseroan didirikan dengan nama PT Tata Sekuritas Maju dan mendapatkan izin sebagai perantara perdagangan efek.

The Company was established as PT Tata Sekuritas Maju and obtained securities brokerage license.

Perseroan terdaftar menjadi anggota Bursa Efek Jakarta.

The Company was listed as member of the Jakarta Stock Exchange.

Perseroan mengubah nama menjadi PT Victoria Sekuritas dan mendapatkan izin sebagai penjamin emisi efek.

The Company changed its name to PT Victoria Sekuritas and obtained securities underwriter license.

1989

2005

2000

1992

• Perseroan mendapatkan izin transaksi marjin dari Bursa Efek Jakarta.

The Company obtained license to perform margin transactions from the Jakarta Stock Exchange.

• Perseroan menjadi pemegang saham atas PT Bank Victoria International Tbk.

The Company became a shareholder of PT Bank Victoria International Tbk.

Pendirian PT Bank Victoria International.

PT Bank Victoria International was established. PT Bank Victoria International Tbk mengakuisisi PT Bank Swaguna. PT Bank Victoria International Tbk acquired PT Bank Swaguna.

1995

• PT Bank Victoria International melakukan penawaran umum perdana di Bursa Efek Jakarta dengan kode saham BVIC.

PT Bank Victoria International conducted initial public offering on the Jakarta Stock Exchange with the ticker symbol BVIC.

• Perseroan terdaftar menjadi anggota Bursa Efek Surabaya

The Company listed as member of the Surabaya Stock Exchange.

1999

2010

2013

2012

2016

2015

2016

• Perseroan melakukan relokasi kantor pusat ke Panin Tower, Senayan City.

The Company relocated its headquarters to Panin Tower, Senayan City.

• Perseroan mengakuisisi PT Asuransi Umum Centris dan mengubah namanya menjadi PT Victoria Insurance.

The Company acquired PT Asuransi Umum Centris and changed its name to PT Victoria Insurance.

• PT Bank Swaguna mengubah namanya menjadi PT Bank Victoria Syariah.

PT Bank Swaguna changed its name to PT Bank Victoria Syariah.

Perseroan mengubah nama menjadi PT Victoria Investama.

The Company changed its name to PT Victoria Investama.

Perseroan melakukan penawaran umum perdana dan

mencatatkan sahamnya di Bursa Efek Indonesia dengan kode saham VICO.

The Company conducted initial public offering on the Indonesia Stock Exchange with the ticker symbol VICO.

Perseroan melakukan reorganisasi kegiatan usaha dengan mentransfer usaha perantara perdagangan efek dan penjamin emisi efek kepada PT Victoria Securities Indonesia.

The Company reorganized its business activities by assigning its securities brokerage and underwriting businesses to PT Victoria Securities Indonesia.

Entitas anak PT Victoria Insurance melakukan penawaran umum perdana dan mencatatkan sahamnya di Bursa Efek Indonesia dengan kode saham VINS.

Subsidiary PT Victoria Insurance conducted initial public offering and listed its shares on the Indonesia Stock Exchange with the ticker symbol VINS.

Perseroan melakukan persiapan pembentukan perusahaan asuransi jiwa dan melakukan penyetoran modal kepada PT Victoria Alife Indonesia yang direncanakan akan beroperasi pada tahun 2017.

The Company conducted preparation to establish a life insurance company and invested capital in PT Victoria Alife Indonesia that is expected to be operational in 2017.

Entitas anak PT Victoria Manajemen Investasi memperoleh izin sebagai manajer investasi dari OJK.

Subsidiary PT Victoria Manajemen Investasi obtained license as investment manager from the Financial

PROFIL PERUSAHAAN / COMPANY PROFILE

Bidang Usaha

LINE OF BUSINESS

Perseroan merupakan perusahaan yang fokus pada kegiatan usaha investasi serta melakukan kegiatan usaha dalam bidang keuangan seperti memberikan jasa penasihat keuangan dan structured finance. Selain itu sebagai perusahaan induk, Perseroan memberikan dukungan serta layanan jasa lainnya kepada entitas anak.

Per akhir 2016, Perseroan memiliki penyertaan pada lima entitas anak dengan perincian sebagai berikut:

PT Victoria Securities Indonesia (VSI)

PT Victoria Securities Indonesia bergerak di bidang usaha perantara pedagang efek dan penjamin emisi efek, dengan menawarkan jasa keuangan bagi klien perorangan serta badan usaha lokal dan asing yang ingin memperoleh akses ke pasar modal di Indonesia.

PT Victoria Insurance Tbk (VINS)

PT Victoria Insurance Tbk menjalankan kegiatan usaha sebagai perusahaan asuransi yang menyediakan jasa asuransi umum, baik program standar maupun khusus, termasuk asuransi yang meliputi kebakaran, kendaraan bermotor, angkutan laut, engineering, dan surety bond, kepada pelanggan, antara lain multifinance, perbankan, pemerintah daerah, badan usaha milik negara, swasta dan individu.

PT Victoria Manajemen Investasi (VMI)

PT Victoria Manajemen Investasi bergerak sebagai manajer investasi yang mengelola beragam sekuritas atau surat berharga seperti saham, obligasi dan aset lainnya seperti properti dengan tujuan untuk mencapai target investasi yang menguntungkan bagi investor.

PT Victoria Alife Indonesia (VAI)

PT Victoria Alife Indonesia akan bergerak di bidang usaha asuransi jiwa dengan menawarkan berbagai produk dan layanan yang dirancang untuk melindungi sekaligus menjawab kebutuhan nasabah dan pemegang polis.

PT Bank Victoria International Tbk

(BVIC)

PT Bank Victoria International Tbk beroperasi dalam industri perbankan sebagai bank umum yang menawarkan produk-produk dan jasa perbankan yang meliputi produk penghimpunan dana seperti rekening giro, tabungan dan deposito berjangka, serta layanan pembayaran gaji karyawan (payroll). PT Bank Victoria International Tbk juga

The Company is engaged in investment business and provides financial services such as financial advisory and structured finance services. As a parent entity, the Company also provides support and other services to its subsidiaries.

As of the end of 2016, the Company had equity capital in five subsidiaries, as follows:

PT Victoria Securities Indonesia (VSI)

PT Victoria Securities Indonesia is engaged in securities brokerage and securities underwriting by offering financial services to individual clients as well as national and foreign institutions, providing them with access to capital market in Indonesia.

PT Victoria Insurance Tbk (VINS)

PT Victoria Insurance Tbk provides general insurance services, both standard and special programs, including insurance covering fire damages, motor vehicles, marine transportation, engineering, and surety bonds, to customers that include multi finance institutions, banks, local governments, state-owned enterprises, private companies, and individuals.

PT Victoria Manajemen Investasi (VMI)

PT Victoria Investment Management operates as an investment manager, managing a variety of securities such as stocks, bonds and other assets such as properties with the purpose of achieving profitable investment targets for investors.

PT Victoria Alife Indonesia (VAI)

PT Victoria Alife Indonesia is set to engage life insurance business by offering a range of products and services designed to protect customers and policyholders and address their needs.

PT Bank Victoria International Tbk

(BVIC)

PT Bank Victoria International Tbk operates in the banking industry as a commercial bank that offers banking products and services including checking accounts, savings and time deposits, as well as payroll service. In addition, PT Bank Victoria International Tbk owns a subsidiary operating in the Islamic banking industry, PT Bank Victoria Syariah. As a

visi dan Misi

MISI /

MISSION

vISI /

vISION

vISION AND MISSION

Menjadi perusahaan investasi papan atas dalam skala internasional dan memberikan jasa pelayanan keuangan terpadu yang terpercaya melalui entitas anak.

To become a top-class investment services company at international level, and provide reliable one stop financial solutions through our subsidiaries.

• Melakukan investasi pada perusahaan-perusahaan yang berprospek baik guna memaksimalkan nilai pemegang saham;

• Memberikan pelayanan dan jasa informasi terkini di bidang keuangan yang terintegrasi bagi customer; • Mendorong pengembangan sumber daya manusia

melalui pengembangan yang berkelanjutan.

• To invest in companies with good prospect in order to maximize shareholders’ value;

• To provide integrated services and the latest information in finances to customers;

• To encourage the development of human capital through continuous improvement.

PROFIL PERUSAHAAN / COMPANY PROFILE

rups

General Meeting of Shareholders

Struktur Organisasi

ORGANIzAtIONAL StRUCtURE

Dewan Komisaris Board of Commissioners DireKtur utama President Director DireKtur

Director inDepenDenDireKtur Independent Director Divisi hrD & ga HRD & GA Division finanCe Finance Divisi Keuangan Financial Division aKunting

Accounting Divisi operasionaLOperations Division

unit auDit internaL Internal Audit Division seKretaris Secretary Corporate seCretarY Corporate Secretary Komite auDit Audit Committee

Komite nominasi & remunerasi

Nomination & Remuneration Committee

Komite investasi

Investment Committee

Dewan Komisaris / Board of Commissioners

Komisaris Utama / President Commissioner : Suzanna Tanojo Komisaris Independen / Independent Commissioner : Peter Rulan Isman Komisaris / Commissioner : Rebecca Wahjutirto Tanoyo Direksi / Board of Directors

Direktur Utama / President Director : Aldo Jusuf Tjahaja Direktur Independen / Independent Director : Cendrasuri Ependy

Direktur / Director : Debora Wahjutirto Tanoyo

Sekretaris Perusahaan / Corporate Secretary : Caprie Ardira Azhar Internal Audit / AuditInternal : Christine Wayu Indrayani Divisi Operasional / OperationDivison : Maria

Divisi Keuangan / FinanceDivison : Ayu Endah Hapsari Divisi HRD & GA / HRD & GA Division : Caprie Ardira Azhar

Profil Dewan Komisaris

BOARD OF COMMISSIONERS’ PROFILE

Warga Negara Indonesia, 59 tahun. Menjabat sebagai Komisaris Utama Perseroan sejak tahun 2012 berdasarkan Akta No. 200/2014. Meraih gelar Sarjana Akuntansi dari Fakultas Ekonomi Universitas Airlangga, Surabaya, pada tahun 1982. Memulai karier di PT Unggul Indah Corporation Tbk dengan jabatan sebagai CFO (1986-1995), kemudian pada PT Apac Citra Centertex Tbk dan anak perusahaan PT Apac Inti Corpora dengan jabatan terakhir sebagai CFO (1995-2003), serta PT Bhuwanatala Indah Permai Tbk (1996-2003) sebagai CFO. Saat ini juga aktif sebagai pengusaha di bidang industri tekstil, kimia, properti, dan keuangan dalam grup Victoria (sejak 1995) serta menjabat sebagai Komisaris PT Bank Victoria International Tbk (2006-2016). Pengunduran diri Ibu Suzanna Tanojo selaku Komisaris Utama Perseroan telah diterima oleh RUPS Perseroan berdasarkan Akta No. 183/2017.

Indonesian citizen, 59 years old. Serving as President Commissioner since 2012 in accordance with Deed No. 200/2014. Obtained her Bachelor of Accountancy degree from the Faculty of Economics, Department of Accounting, Airlangga University, Surabaya, in 1982. Started her career at PT Unggul Indah Corporation Tbk as CFO (1986-1995), and then at PT Apac Citra Centertex Tbk and its subsidiary PT Apac Inti Corpora with the last position held as CFO (1995-2003), and at PT Bhuwanatala Indah Permai Tbk (1996-2003) also as CFO. Currently she is also an entrepreneur whose businesses cover textile, chemical, property, and finance industries, all within the Victoria group (since 1995), and previously served as Commissioner of PT Bank Victoria International Tbk (2006-2016). Her resignation from the position of President Commissioner has been accepted by the GMS in accordance with Deed No. 183/2017.

SUzANNA tANOJO

Komisaris Utama

PROFIL PERUSAHAAN / COMPANY PROFILE

Warga Negara Indonesia, 45 tahun. Menjabat sebagai Komisaris Independen Perseroan sejak tahun 2013 berdasarkan Akta No. 200/2014. pernah menjabat sebagai Direktur PT Redialindo Mandiri (1998-1999), Direktur Utama PT Victoria Kapitalindo International (1999-2003), Direktur Utama PT Victoria Sekuritas (2003-2005), dan Direktur Utama PT Akbar Indo Makmur Stimec Tbk (2005-2012). Saat ini juga menjabat Direktur Utama PT Cakrawala Sejahtera Sejati (2012 - 2013).

Indonesian citizen, 45 years old. Serving as Independent Commissioner since 2013 in accordance with Deed No. 200/2014. Previously served as Director of PT Redialindo Mandiri (1998-1999), President Director of PT Victoria Kapitalindo International (1999-2003), and President Director of PT Victoria Sekuritas (2003-2005), and President Director of PT Akbar Indo Makmur Stimec Tbk (2005-2012). Currently also serves as President Director of PT Cakrawala Sejahtera Sejati (2012 - 2013).

PEtER RULAN ISMAN

Komisaris Independen

Warga Negara Indonesia, 30 tahun. Menjabat sebagai Komisaris Perseroan sejak tahun 2014 berdasarkan Akta No. 200/2014. Meraih gelar Bachelor of Arts dari University of San Fransisco, USA, pada tahun 2010. Memulai kariernya di PT Wings Surya sebagai Marketing Manager.

Indonesian citizen, 30 years old. Serving as Commissioner since 2014 in accordance with No. 200/2014. Obtained her Bachelor of Arts degree from the University of San Francisco, USA, in 2010. Started her career at PT Wings Surya as marketing manager.

REBECCA

WAHJUtIRtO tANOyO

Komisaris

PROFIL PERUSAHAAN / COMPANY PROFILE

Warga Negara Indonesia, 58 tahun. Menjabat sebagai Komisaris Utama sejak 20 Januari 2017 berdasarkan Akta No. 183. Meraih gelar Diploma in Business Studies dari Ngee Ann College, Singapore pada tahun 1980 dan meraih gelar

Master of Business Administration in Banking dari Golden Gate

University, USA, pada tahun 1987. Pernah menjabat Direktur PT Bank Surya Indonesia (1981-1988), Wakil Direktur Utama PT Bank Ekonomi Raharja (1989-1997), Direktur Utama PT Bank Victoria International Tbk (1997-2005), Direktur PT Gema Rahmi Persada pada tahun (2008-2014). Saat ini juga menjabat sebagai Wakil Direktur Utama PT Arkon Mineratama (2006-sekarang).

Indonesian citizen, 58 years old. Serving as President Commissioner since January 20th_{, 2017, in accordance with}

Deed No. 183. Obtained his Diploma in Business Studies degree from the Ngee Ann College, Singapore, in 1980 and his Master of Business Administration in Banking degree from the Golden Gate University, USA, in 1987. Previously served as Director of PT Bank Surya Indonesia (1981-1988), Vice President Director of PT Bank Ekonomi Raharja (1989-1997), President Director of PT Bank Victoria International Tbk (1997-2005), and Director of PT Gema Rahmi Persada (2008-2014). Currently also serves as Vice President Director of PT Arkon Mineratama (2006-present).

*UNtUNG WOENARDI

Komisaris Utama (sejak 20 Januari 2017)

Profil Direksi

BOARD OF DIRECtORS’ PROFILE

Warga Negara Indonesia, 44 tahun. Menjabat sebagai Direktur Utama Perseroan yang bertanggung jawab atas kegiatan operasional Perseroan sejak tahun 2009 berdasarkan Akta No. 200/2014. Meraih gelar Bachelor of Science dari University of Oregon, USA, pada tahun 1995 dan meraih Gelar MM Executive dari Binus Business School Jakarta pada tahun 2013. Memiliki izin WMI (Wakil Manajer Investasi), BBJ (Broker Bursa Berjangka), dan sertifikasi JATS (Jakarta Automated Trading System). Memulai karier sebagai Analis Kredit di PT Bank Aspac (1995-1996), kemudian menjabat sebagai

Equity Sales di PT Sasson Securities Indonesia (1996-1997),

Wakil Direktur Utama PT Ciptamahardhika Sekuritas (1997-1999), Vice President PT Henan Putihrai Sekuritas (1999-2000), Direktur Asset Management PT Ekokapital Sekuritas (2003-2009), dan Direktur Utama Perseroan (2009-sekarang).

Indonesian citizen, 44 years old. Serving as President Director that is responsible for the Company’s operational activities since 2009 in accordance with Deed No. 200/2014. Obtained his Bachelor of Science degree from the University of Oregon, USA, in 1995 and obtained the MM Executive Degree from Binus Business School Jakarta in 2013. Holds the WMI (Investment Manager Representative), BBJ (Futures Broker), and JATS (Jakarta Automated Trading System) certifications. Started his career as Credit Analyst at PT Bank Aspac (1995-1996) and served as Equity Sales at PT Sasson Securities Indonesia (1996-1997), Vice President Director of PT Ciptamahardhika Sekuritas (1997-1999), Vice President of PT Henan Putihrai Sekuritas (1999-2000), Director of Asset Management at PT Ekokapital Sekuritas (2003-2009), and President Director of the Company (2009-now).

ALDO JUSUF tJAHAJA

Direktur Utama

PROFIL PERUSAHAAN / COMPANY PROFILE

Warga Negara Indonesia, 37 tahun. Menjabat sebagai Direktur Independen Perseroan yang bertanggung jawab atas keuangan Perseroan sejak tahun 2013 berdasarkan Akta No. 200/2014. Mendapatkan gelar Magister Manajemen dari Universitas Pelita Harapan pada tahun 2007. Memulai karier sebagai akuntan pada PT Kotaminyak Internusa (2003-2005), dan selanjutnya diangkat sebagai Manajer Akuntansi dan Pajak di PT Bumimerak Terminalindo (2005-2010).

Indonesian citizen, 37 years old. Serving as Independent Director that is responsible for the Company’s finances since 2013 in accordance with Deed No. 200/2014. Obtained her Master of Management degree from Pelita Harapan University in 2007. Started her career as accountant at PT Kotaminyak Internusa in (2003-2005), and then served as Manager of Accounting and Taxation of PT Bumimerak Terminalindo (2005-2010).

CENDRASURI EPENDy

Direktur Independen

Warga Negara Indonesia, 32 tahun. Menjabat sebagai Direktur Perseroan yang bertanggung jawab atas sumber daya manusia dan kegiatan umum Perseroan sejak tahun 2014 berdasarkan Akta No. 200/2014. Meraih gelar Bachelor

of Science dari University of San Fransisco, California, USA,

pada tahun 2006 dan gelar Master dari University of San Fransisco, California, USA, pada tahun 2009. Memulai kariernya sebagai Assurance Staff di Burr Pilger & Mayer LLP, San Fransisco (2007-2008), kemudian menjabat Senior

Associate 2 di Ernst & Young LLP, Singapore (2011-2013) dan

menjabat sebagai Komisaris PT Bank Victoria International Tbk sejak tahun (2016 - sekarang).

Indonesian citizen, 32 years old. Serving as Director that is responsible for the Company’s human resources and general affairs since 2014 in accordance with Deed No. 200/2014. Obtained her Bachelor of Science degree from the University of San Francisco, California, in 2006, and her Master’s degree from the University of San Francisco, California, in 2009. Started her career as assurance staff at Burr Pilger & Mayer LLP, San Francisco (2007-2008) and then served as Senior Associate 2 at Ernst & Young LLP, Singapore (2011-2013) Currently also serving as Commissioner of PT Bank Victoria International Tbk (since 2016).

DEBORA

WAHJUtIRtO tANOyO

Direktur

PROFIL PERUSAHAAN / COMPANY PROFILE

Sumber Daya Manusia

HUMAN RESOURCES

Sumber daya manusia merupakan aset utama Perseroan yang berperan penting dalam setiap aktivitas operasional. Perseroan selalu berkomitmen untuk meningkatkan kualitas, kompetensi dan kesejahteraan karyawan sebagai salah satu upaya untuk menumbuhkan rasa loyalitas karyawan. Perseroan berkeyakinan bahwa sumber daya manusia yang berkualitas dan kompeten akan sangat menentukan keberhasilan usaha Perseroan.

Komposisi Karyawan

Hingga 31 Desember 2016, Perseroan mempekerjakan 7 orang karyawan, sedangkan total karyawan grup Victoria adalah sebanyak 1.312 orang dengan komposisi sebagai berikut:

Komposisi Karyawan Berdasarkan Jenjang Pendidikan

Employees Composition Based on Education Level

Jenjang

Pendidikan

Education Level

31 Desember 2016

December 31st_{, 2016 December 31}31 Desember 2015st_{, 2015}

Perseroan

The Company VSI VINS VMI BVIC VAI The CompanyPerseroan VSI VINS VMI BVIC VAI Sarjana (S1 & S2) Undergraduate & Postgraduate 7 20 19 8 542 - 4 23 11 10 522 -Sarjana Muda (D3) Diploma 0 8 9 3 184 - 0 7 8 0 198 -Non Sarjana Others 0 4 10 1 498 - 0 6 9 0 457 -Total 7 32 37 12 1.224 - 4 36 28 10 1.177

-Komposisi Karyawan Berdasarkan Level Jabatan

Employees Composition Based on Position

Jabatan

Position

31 Desember 2016

December 31st_{, 2016 December 31}31 Desember 2015st_{, 2015}

Perseroan

The Company VSI VINS VMI BVIC VAI The CompanyPerseroan VSI VINS VMI BVIC VAI Manajer

Manager 3 4 8 6 38 - 3 5 4 6 265

Pelaksana

Staff 4 28 29 6 538 - 1 31 24 4 912

Total 7 32 37 12 576 - 4 36 28 10 1.177

Human resources are the Company’s main asset that plays pivotal role in every operational activity. The Company has always been committed to improving the quality, competence and welfare of its employees as part of efforts to foster a sense of employee loyalty. The Company believes qualified and competent human resources will largely determine the success of the Company.

Employees Composition

As of December 31st, 2016, the Company employed 7 employees, whereas the total number of employees within Victoria group was 1.312 with the following composition:

Komposisi Karyawan Berdasarkan Jenjang Usia

Employees Composition Based on Age Group

Jenjang Usia

Age Group

31 Desember 2016

December 31st_{, 2016 December 31}31 Desember 2015st_{, 2015}

Perseroan

The Company VSI VINS VMI BVIC VAI The CompanyPerseroan VSI VINS VMI BVIC VAI

<30 2 6 10 5 489 - 2 8 9 5 444

-31-40 3 16 18 5 403 - 2 11 12 3 401

->41 2 10 9 2 332 - 2 17 7 2 332

-Total 7 32 37 12 1.224 - 4 36 28 10 1.177

-Komposisi Karyawan Berdasarkan Status

Employees Composition Based on Employment Status

Status Kerja

Employment Status

31 Desember 2016

December 31st_{, 2016 December 31}31 Desember 2015st_{, 2015}

Perseroan

The Company VSI VINS VMI BVIC VAI The CompanyPerseroan VSI VINS VMI BVIC VAI Pegawai Tetap Permanent Employees 7 19 31 10 659 - 4 21 22 10 669 -Pegawai Kontrak Contract Employees 0 13 6 2 565 - 0 15 6 0 508 -Total 7 32 37 12 1.224 - 4 36 28 10 1.177

-Program Pengembangan Kompetensi

Karyawan

Sepanjang tahun 2016, kegiatan pengembangan kompetensi karyawan yang dilakukan Perseroan adalah sebagai berikut:

No. Tanggal_Date Kegiatan_Activities Penyelenggara_Organizer 1 _{1 February 2016}1 Februari 2016 CSR Talks For Leaders PT Bursa Efek Indonesia_{Indonesia Stock Exchange}

2 _{1 June 2016}1 Juni 2016 Issuer Gathering PT Kustodian Sentral Efek Indonesia_{Indonesian Central Securities Depository}

3 _{26 July 2016}26 Juli 2016

Halal Bi Halal dan Seminar Amnesti Pajak dan Perkembangan Kebijakan Ekonomi Indonesia

Gathering and Seminar on Tax Amnesty and Indonesia’s Economic Policy Development

PT Bursa Efek Indonesia

Indonesia Stock Exchange

4 18 Agustus 2016_{18 August 2016} Sosialisasi dan Diskusi Persaingan UsahaBusiness Competition Dissemination and Discussion

Kamar Dagang dan Industri Indonesia

Indonesian Chamber of Commerce and Industry

5 26 Oktober 2016_{26 October 2016}

Merger dan Akuisisi dalam Perspektif Persaingan usaha serta Tren dalam Perekonomian Global

Merger and Acquisition in the Perspective of

PT Bursa Efek Indonesia dan Komite Pengawasa Persaingan Usaha

Indonesia Stock Exchange and Business Competition Supervisory Commission

Employee Competency Development

Program

Employee competency development programs implemented by the Company throughout 2016 were as follows:

PROFIL PERUSAHAAN / COMPANY PROFILE

Komposisi Pemegang Saham

SHAREHOLDERS COMPOSItION

Keterangan

Description Number of SharesJumlah saham

Nilai Nominal Rp 100,- per Saham

Nominal Amount Rp 100,- / Share _{Status Kepemilikan} Ownership Status

Jumlah Nominal (Rp)

Nominal Amount (Rp) %

Modal Dasar 15.000.000.000 1.500.000.000.000

Modal Ditempatkan dan Disetor

Issued and Paid Up Capital

Mencapai 5% atau lebih

5% or higher

PT. Gratamulia Pratama 6.088.500.000 608.850.000.000 66,54 _{Local Institution}Institusi lokal UBS AG Singapore 1.078.000.000 1.078.000.000 11,78 _{Foreign Institution}Institusi asing

Louise Li 574.744.000 57.474.400.000 6,28 _{Foreign Individual}Individu Asing

Di bawah 5%

Below 5%

Suzanna Tanojo 411.500.000 41.150.000.000 4,5 _{Local Individual}Individu lokal Debora Wahjutirto

Tanoyo 362.547.400 36.254.740.000 3,96 Local IndividualIndividu Lokal

Masyarakat

Public 634.803.280 63.480.328.000 6,94

Individu dan Institusi lokal

Local Individual and Institution

Jumlah Modal

Ditempatkan & Disetor

Penuh 9.150.094.680 915.009.468.000 100,00

No. Tanggal_Date Kegiatan_Activities Penyelenggara_Organizer 6 27 Oktober 2016_{27 October 2016}

Seminar bertema “Konsolidasi Keuangan & Sistem Pelaporan”

“Financial Consolidation & Reporting System” seminar

Asosiasi Emiten Indonesia

Indonesian Public Listed Companies Association

7 16 November 2016_{16 November 2016}

Workshop Keterbukaan Informasi Emiten dan Perusahaan Publik

Listed and Public Companies Information Disclosure Workshop

Otoritas Jasa Keuangan

Financial Services Authority

8 23 November 2016_{23 November 2016} Indonesia Economic Outlook 2017 PT Bursa Efek Indonesia_{Indonesia Stock Exchange}

9 15 Desember 2016_{15 December 2016}

Perlindungan Hukum Bagi Direksi dan Dewan Komisaris Terhadap Tindak Pidana Korporasi

Legal Protection for Board of Directors and Board of Commissioners Against Corporate Crimes

Lembaga Komisaris dan Diraksi Indonesia

Indonesian Institute for Commissioners and Directors

Kronologis Pencatatan Saham

SHARE LIStING CHRONOLOGy

Tanggal

Date PeristiwaEvent

Jumlah Saham yang ditransaksikan Number of Shares Involved in Transaction Jumlah Saham yang ditempatkan dan disetor Number of Shares Issued and Fully

Paid Nilai Nominal Saham Share Nominal Price Nilai Pelaksanaan Exercise Price 8 Juli 2013 Penawaran Saham Perdana Initial Public Offering 1.200.000.000 7.350.000.000 100 125

21 Juli 2014 Pelaksanaan Waran

Warrant Exercise 50 7.350.000.050 100 125

2 Oktober 2014 Pelaksanaan Waran

Warrant Exercise 200.000.000 7.550.000.050 100 125 17 November 2014 Pelaksanaan Waran Warrant Exercise 192.000.000 7.742.000.050 100 125 17 November 2014 Pelaksanaan Waran Warrant Exercise 192.000.000 7.742.000.050 100 125

20 Maret 2015 Pelaksanaan Waran

Warrant Exercise 125 7.742.000.175 100 125

15 Juli 2015 Pelaksanaan Waran

Warrant Exercise 5 7.742.000.180 100 125

13 Mei 2016 Pelaksanaan Waran

Warrant Exercise 10.500 7.742.010.680 100 125

24 Mei 2016 Pelaksanaan Waran

Warrant Exercise 3.500 7.742.014.180 100 125

30 Mei 2016 Pelaksanaan Waran

Warrant Exercise 4.000 7.742.018.180 100 125

16 Juni 2016 Pelaksanaan Waran

Warrant Exercise 10.000 7.742.028.180 100 125

28 Juni 2016 Pelaksanaan Waran

Warrant Exercise 1.500.000 7.743.528.180 100 125

30 Juni 2016 Pelaksanaan Waran

Warrant Exercise 334.000.000 8.077.528.180 100 125

11 Juli 2016 Pelaksanaan Waran

Warrant Exercise 2.106.500 8.079.634.680 100 125

12 Juli 2016 Pelaksanaan Waran

Warrant Exercise 812.060.000 8.891.694.680 100 125

PROFIL PERUSAHAAN / COMPANY PROFILE

Struktur Kepemilikan Saham

SHARE OWNERSHIP StRUCtURE

* Per tanggal 31 Desember 2016 / as of Desecember 31st_{, 2016} 6,94%

99,50% 73,37% 95,00% 99,00% 49,92%

99,98%

66,54% 11,78% 6,28% 4,5% 3,96%

masYaraKat

Public pt gratamuLia pratama singaporeubs ag

vsi vins vmi vai bviC

bvis Debora wahJutirto tanoYo suZanna tanoJo Louise Li perseroan the Company

Pencapaian, Penghargaan dan

Peristiwa Penting

ACHIEvEMENtS, AWARDS AND SIGNIFICANt EvENtS

PT Victoria Manajemen Investasi

- Meningkatkan dana kelolaan dari sebelumnya dari Rp126 miliar menjadi Rp1,25 triliun.

PT Bank Victoria International Tbk

- Peringkat 2, Kategori Bank Buku II (Aset Rp. 10 T s/d Rp. 25 T) - Anugerah Perbankan 2016 (Economic Review & Perbanas Institute) 13 Oktober 2016

- Peringkat 3, Kategori Corporate Social Responsibility (CSR) - Anugerah Perbankan 2016 (Economic Review & Perbanas Institute) 13 Oktober 2016

- Pemenang Best Banking Brand 2016 - For Best Reputation, Best Digital, Best Service and Best Performance Title, Indonesia Best Banking Brand Award 2016 (Warta Ekonomi) 16 Desember 2016

PT Victoria Insurance Tbk

- Peringkat 3, Kategori Perusahan Asuransi Umum Berpremi Bruto di Bawah Rp250 Miliar – Rating Asuransi 2016 (Infobank) - Peringkat 2 Kinerja Keuangan Asuransi Umum di Kelompok

Ekuitas Rp150 Miliar-Rp250 Miliar (Media Asuransi)

PT Victoria Manajemen Investasi

- Increased assets under management from Rp126 billion to Rp1.25 trillion.

PT Bank Victoria International Tbk

- Second Place in BUKU II Bank category (Rp 10 Trillion-Rp25 Trillion Assets) - 2016 Banking Award (Economic Review & Perbanas Institute) on October 13th_{, 2016}

- Third Place in Corporate Social Responsibility Category (CSR) - 2016 Banking Award (Economic Review & Perbanas Institute) on October 13th_{, 2016}

- The Winner of Best Banking Brand 2016 - For Best Reputation, Best Digital, Best Service and Best Performance Title, Indonesia Best Banking Brand Award 2016 (Warta Ekonomi) on December 16th_{, 2016}

PT Victoria Insurance Tbk

- Third Place in General Insurance Company With Gross Premiums Under Rp250 Billion Category -2016 Insurance Rating (Infobank) - Second Best General Insurance Financial Performance in Rp150

Billion-Rp250 Billion Equity Group (Media Asuransi)

26 April

/ April, 26

27 Juni

/ June, 27

27 Desember / December, 27

Perseroan meresmikan kantor pemasaran yang beralamat di Jl. Raya Darmo No. 173, RT. 05 / RW. IV, Kel. Darmo, Kec. Wonokromo, Kota Surabaya, Jawa Timur, dan dikepalai oleh Bapak Benny Fauzan serta telah dicatat ke dalam administrasi Direktorat Kelembagaan dan Produk Industri Keuangan Non Bank sesuai Surat Otoritas Jasa Keuangan Nomor. S-1003/ NB.111/2016 tanggal 14 April 2016

The Company inaugurated its marketing office on Darmo Highway No. 173, RT. 05 / RW. IV, Darmo Administrative Village, Wonokromo Sub District, Surabaya City, East Java, headed by Mr. Benny Fauzan

Perseroan melaksanakan Rapat Umum Pemegang Saham Tahunan di Gedung Graha BIP, Function Hall Lantai 11, Jl. Jenderal Gatot Subroto Kav 23, Jakarta 12930

The Company held the Annual General Meeting of Shareholders at the Graha BIP Building, Function Hall 11th _{Floor, Gatot}

Subroto Road Kav 23, Jakarta 12930

Pencairan Klaim Program VIP Safe Bank Victoria – Victoria Insurance sebesar Rp18.009.083 atas nama nasabah Tan Tik Joe di Jakarta Barat

Bank Victoria – Victoria Insurance VIP Safe Program Claim Disbursement amounted to Rp18,009,083 on behalf of customer Tan Tik Joe in West Jakarta

PROFIL PERUSAHAAN / COMPANY PROFILE

Akuntan Publik

Public Accountant

Tjahjadi dan Tamara

Gedung Jaya lantai 4

Jl. M.H. Thamrin No. 12

Jakarta 10340

Biro Administrasi Efek

Share Registrar

PT Adimitra Jasa Korpora

Rukan Kirana Boutiqe Office

Jl Kirana Aveneu III Blok F3 No 5

Kelapa Gading

Jakarta Utara

Notaris

Public Notary

Hasbullah Abdul Rasyid, S.H., M.Kn.

Gedung THE ‘H’ Tower Lantai 20 Suite A.

Jl. H.R. Rasuna Said Kav. C-20 Kuningan

Jakarta Selatan 12940

Konsultan Hukum

Legal Consultant

Marsinih Martoatmodjo Iskandar Kusdihardjo

Law Office

Office 8, 15

th

_{Floor Suite H}

SCBD Lot 28, JalanSenopati Raya No. 8B

Jakarta 12190

Lembaga dan Profesi Penunjang

Pasar Modal