Laporan Tahunan 2010

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Ikh t isar Keu an g an Financial Highlights Ikh t isar Sah am , War an d an Ef ek Lain n ya Shares, Warrants and Securities Highlights

Kr o n o lo g i Pen cat at an Sah am Stock Listing Chronology Ko m p o sisi Pem eg an g Sah am Shareholders’ Composition In f o r m asi Pem eg an g Sah am Information for Shareholders Divid en Dividends Pen g g u n aan Dan a Hasil Pen aw ar an Um u m Use of Proceeds from Public Offerings Ef ek Lain n ya Securities Ren can a St r at eg is Strategic Intent

Visi M isi Vision M ission Daer ah Op er asi Area of Operations St r u kt u r Usah a Business Structure St r u kt u r Or g an isasi Organizational Structure Kilas Balik 2010 2010 in Flash Back Jejak Lan g kah M ilestones Sam b u t an Dew an Ko m isar is M essage from the Board of Commissioners Lap o r an Dir eksi Report of the Board of Directors Disku si d an An alisis M an ajem en M anagement Discussion and Analysis Per n yat aan Ten t an g Tat a Kelo la Per u sah aan Statement on Corporate Governance Tan g g u n g Jaw ab So sial d an Lin g ku n g an Per u sah aan Corporate Social and Environmental Responsibility Su m b er Daya Alam d an Tekn o lo g i Natural and Technological Resources Su m b er Daya M an u sia Human Resources Riw ayat Hid u p Sin g kat Ko m isar is Resumes of the Commissioners Riw ayat Hid u p Sin g kat Dir ekt u r Resumes of the Directors Ko m isar is d an Dir ekt u r An ak Per u sah aan d an Per u sah aan Aso siasi Commissioners and

Directors of Subsidiaries and Associate Companies 2 4 6 6 7 10 11 13 14 16 18 20 24 26 28 30 38 48 72 102

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M enjaga pert umbuhan secara berkelanjut an, BSP

menyeimbangkan upaya meningkat kan produkt ivit as dan upaya

melest arikan lingkungan. Siklus baru t erjadi pada w akt u

produkt ivit as mencapai t ingkat yang lebih t inggi, baik unt uk

perusahaan maupun masyarakat sekit ar, t anpa merusak

lingkungan lebih jauh.

M aint aining sust ainable grow t h, BSP balances t he effort s of

product ivit y improvement and environment al conservat ion. The

new cycle w ill commence w hen product ivit y of bot h t he

company and t he neighboring communit ies has reached a

higher level w it hout any damage t o t he environment .

Creat ing a New Cycle

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Ikht isar Keuangan

Financial Highlights

OPERATIONAL RESULTS

Net Sales

Gross Profit

Income from Operat ions

Tax Expenses - Net

Net Income

EARNING PER SHARE

Outstanding Shares (in million units)

Basic Earnings per Share (IDR)

Dividend per Share (IDR)

FINANCIAL POSITION

Net Working Capit al

Tot al Asset s

Tot al Invest ment s

Tot al Liabilit ies

Equit y - Net

Angka pada t abel dan grafik menggunakan not asi Indonesia

2010

2009 2008 2007 2006

Numerical not at ions in all t ables and graphs are in Indonesian

(dalam jut aan rupiah, kecuali disebut kan lain) (in million IDR, except st at ed ot herw ise)

2010

2009 2008 2007 2006

12.000

10.000

Kew ajiban

|||||

Liabilit ies

(Rp miliar|||||IDR billion)

20.000 18.000 16.000

Aset

|||||

Asset s

HASIL-HASIL OPERASI

Penjualan Bersih 3.004.454 2.325.282 2.931.419 1.755.280 1.180.622

Laba Kotor 1.292.276 672.497 1.022.022 661.014 410.942

Laba Usaha 849.965 470.323 759.697 493.136 292.159

Beban Pajak - Bersih 268.409 115.186 106.205 90.638 77.567

Laba Bersih 805.630 252.783 173.569 206.575 172.898

LABA PER SAHAM

Jumlah Saham Beredar (jut aan saham) 13.554 3.788 3.788 3.788 2.331

Laba Bersih per Saham Dasar (Rupiah) 67,56 66,73 46 70* 74

Dividen per Saham (Rupiah) 3,8 9 17 15 9

POSISI KEUANGAN

M odal Kerja Bersih (1.554.326) 6.718 259.581 997.658 482.307

Jumlah Aset 18.502.257 5.071.797 4.700.319 4.310.904 1.783.001

Jumlah Invest asi 306.362 659.729 569.807 168.129 207.673

Jumlah Kew ajiban 9.955.000 2.401.056 2.229.141 1.924.315 1.140.515

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Angka pada t abel dan grafik menggunakan not asi Indonesia

2010

2009 2008 2007 2006

Numerical not at ions in all t ables and graphs are in Indonesian

2010

2009 2008 2007 2006

RASIO KEUANGAN

Tingkat Pengembalian Aset 4,35% 4,98% 3,69% 4,79% 9,70%

Tingkat Pengembalian Ekuit as 9,68% 9,47% 7,03% 8,66%* 26,91%

Rasio Lancar 53,50% 101,02% 154,83% 355,39% 354,81%

Rasio Kew ajiban t erhadap Ekuit as 119,67% 89,93% 90,24% 80,68%* 177,52%

Rasio Kew ajiban terhadap Aset 53,80% 47,34% 47,43% 44,64%* 63,97%

INFORM ASI KEUANGAN LAINNYA

EBITDA t erhadap Beban Bunga 2,90x 3,09x 4,52x 3,69x 4,92x

Tingkat Perput aran Persediaan 29,44 29,57 24,50 16,80 28,00

Tingkat Perput aran Aset Tet ap 28% 105% 140% 89% 138%

Tingkat Perput aran Jumlah Aset 0,16 0,46 0,62 0,41 0,66

M arjin Laba Kotor 43,01% 28,92% 34,86% 37,66% 34,81%

FINANCIAL RATIOS

Ret urn on Asset s

Ret urn on Equit y

Current Rat io

Liabilit ies t o Equit y Rat io

Liabilit ies t o Asset s Rat io

OTHER FINANCIAL INFORM ATION

EBITDA t o Int erest Expenses

Invent ory Turnover

Fixed Asset s Turnover

Tot al Asset s Turnover

Gross Profit M argin

* ) dampak dari penyesuaian jumlah saham setelah Rights Issue ||||| effects of the adjustments in the number of shares after the Rights Issue

9.000 8.000 7.000 6.000 5.000 4.000 3.000 2.000 1.000 0

Ekuit as

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Equit y

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Invest asi

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Invest ment s

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Harga dan Volume Saham BSP Selama Tahun 2010

Price and Volume Performance of BSP Shares During 2010

Ikht isar Saham, Waran dan Efek Lainnya

Shares, W

Shares, Warrants and Securities Highlights

arrants and Securities Highlights

Harga Penut upan Saham (Rp) Closing Price (IDR)

Volume Saham BSP BSP Shares Volume (unit )

900.000.000

800.000.000

700.000.000

600.000.000

500.000.000

400.000.000

300.000.000

200.000.000

100.000.000 800

700

600

500

400

300

200

100

Jan - M ar Apr - Jun Jul - Sep Oct - Dec

Kinerja Saham

|

Share Performance

(dalam Rupiah) 2010 2009 (in IDR)

Harga Tert inggi 690 1.010 Highest Price

Harga Terendah 230 235 Low est Price

Harga pada Akhir Tahun 390 580 Year-end Price

Laba Bersih per Saham 67,56 66,73 Earning per Share

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Triw ulan I 7.314 151.833.500 0 3.082 47.741.000 475.625 1st Quart er

Triw ulan II 3.472 83.158.500 0 3.875 66.173.500 0 2nd Quarter

Triw ulan III 1.568 111.660.500 0 5.309 100.092.000 0 3rd Quarter

Triw ulan IV 0 0 0 3.091 34.830.000 0 4t h Quart er

(unit) 2010 2009 (unit)

Pasar Reguler Pasar Negosiasi Pasar Reguler Pasar Negosiasi Frekuensi (x) Volume Volume Frekuensi (x) Volume Volume

Peredaran Waran Seri I

|

Warrant Serie I Dist ribut ion

IDX : UNSP

Triw ulan I 57.543 3.493.969.500 478.722.238 62.571 4.451.822.500 79.913.776 1st Quart er

Triw ulan II 50.982 3.707.166.000 1.479.129.705 190.724 11.999.978.000 79.947.014 2nd Quarter

Triw ulan III 54.673 4.442.764.000 1.056.077.558 123.233 6.639.925.500 74.202.032 3rd Quarter

Triw ulan IV 76.864 10.194.883.000 376.600.220 66.375 2.640.796.000 85.352.630 4t h Quart er

(unit) 2010 2009 (unit)

IDX : UNSP Pasar Reguler Pasar Negosiasi Pasar Reguler Pasar Negosiasi

Frekuensi (x) Volume Volume Frekuensi (x) Volume Volume

Peredaran Saham

|

Share Dist ribut ion

Triw ulan I 3.730 124.877.500 0 1st Quart er

Triw ulan II 979 27.520.500 0 2nd Quarter

Triw ulan III 904 16.459.000 0 3rd Quarter

Triw ulan IV 8.084 457.783.000 0 4t h Quart er

(unit) 2010 (unit)

Pasar Reguler Pasar Negosiasi

Frekuensi (x) Volume Volume

Peredaran Waran Seri II

|

Warrant Serie II Dist ribut ion

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IDX : UNSP Tanggal Saham Terakumulasi Nominal Terakumulasi

Date Accumulated Stocks Accumulated Nominal

(saham ||||| shares) (Rp miliar ||||| IDR billion)

Kronologi Pencatatan Saham |

Stock Listing Chronology

Your Company has conduct ed it s init ial public offering at t he Indonesia St ock Exchange (w as

Jakart a St ock Exchange) and list ed it s st ocks only

at t his bourse w it h t he t icker symbol of UNSP.

Jumlah Lembar Saham Jumlah Nominal (Rp.000) % Number of Shares Tot al (IDR.000)

Komposisi Pemegang Saham |

Shareholders’ Composition per 31/12/2010

DB Singapore DCS S/A Long Haul Holdings Lt d. 690.375.000 69.037.500 5,09

PT Bakrie & Brot hers Tbk 565.895.000 56.589.500 4,17

Credit Suisse AG Singapore Branch S/A PR Bakrie and Brot hers Tbk 550.000.000 55.000.000 4,06

PT Asuransi Jiw a Sinarmas 438.792.000 43.879.200 3,24

PT Bakrie Capit al Indonesia 433.333.333 43.333.333 3,20

Credit Suisse AG Singapore Branch S/A Sw iss Invest Capit al Lt d. 430.000.000 43.000.000 3,17

Catatan ||||| Notes: sudah termasuk saham konversi w aran ||||| includes shares from converted w arrants.

Perusahaan Anda melakukan penaw aran saham perdana pada Bursa Efek Indonesia (dahulu Bursa

Efek Jakart a) dan hanya mencat at kan sahamnya

pada bursa ini dengan kode saham UNSP.

Penaw aran Saham Perdana 06-03-1990 11.100.000 11,10 Init ial Public Offering

Pencat at an Perusahaan 02-02-1996 37.000.000 37,00 Company List ing

Pemecahan Nilai Nominal Saham (@ Rp 500) 26-08-1996 74.000.000 37,00 St ock Split (@ IDR 500)

Saham Bonus 16-09-1996 207.200.000 103,60 Bonus Shares

Saham Dividen 23-08-1999 248.640.000 124,32 Dividend Shares

Pemecahan Nilai Nominal Saham (@ Rp 100) 03-11-2004 994.560.000 124,32 St ock Split (@ IDR 100)

Penaw aran Umum Terbat as I 01-12-2004 2.331.000.000 233,10 1st Right s Issue (8:7)

Penaw aran Umum Terbat as II 29-08-2007 3.787.875.000 378,79 2nd Right s Issue (8:5)

Pembelian kembali Saham (6.100.000) 17-11-2008 3.781.775.000 378,18 Share Buyback (6,100,000)

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Informasi Pemegang Saham |

Information for Shareholders

DECISIONS OF THE GM S

The Extraordinary GM S held on 2 Febuary 2010 discussed tw o agenda items and brought forth the follow ing decisions:

AGENDA 1

Approving t he increase of capit al st ock t hrough

t he issuance of t he 3rd Pre-Empt ive Right s Issue w hich includes Warrant Serie II. Tot al number of

shares offered w as 9,454,742,337 at t he price of

IDR 525 per share. Rat io of shares t o right s issued

w as 2:5. Tot al number of Warrant Serie II w as 630,316,155 at t he exercise price of IDR 530.

Rat io of right s issued t o w arrant s w as 15:1.

AGENDA 2

Approving mat erial t ransact ions relat ed t o t he

acquisit ion of several oil palm and rubber

plant at ions and processing companies, as w ell as

oleochemical companies.

The Annual GM S held on 8 June 2010 discussed four agenda items and brought forth the follow ing decisions:

AGENDA 1

Approving and accept ing of t he Direct ors’ Annual Report on Act ivit ies and Financial Administ rat ion

for t he 2009 Fiscal Year.

AGENDA 2

Approving of t he Balance Sheet and Profit /Loss

St at ement for Fiscal Year 2009, including t he

Report on t he Board of Commissioner’s

Supervisory Dut y, and grant ing acquit t al and discharge (acquit et decharge) t o t he Board of Direct ors and Board of Commissioners from all

managerial and supervisory act ivit ies during t he

2009 Fiscal Year, provided t hat t hose act ivit ies are reflect ed in t he Balance Sheet and t he Profit /Loss KEPUTUSAN RUPS

RUPS Luar Biasa yang diselenggarakan pada

tanggal 2 Februari 2010 membahas dua agenda dan menghasilkan keputusan sebagai berikut:

AGENDA 1

M enyet ujui penambahan modal saham melalui

HMETD III yang disertai dengan Waran Seri II. Jumlah saham yang dit aw arkan adalah 9.454.742.337

lembar dengan harga sebesar Rp 525 per lembar.

Rasio saham dengan HM ETD adalah 2:5. Jumlah

Waran Seri II yang dit erbit kan adalah 630.316.155 lembar dengan harga pelaksanaan w aran sebesar

Rp 530. Rasio HMETD t erhadap w aran adalah 15:1.

AGENDA 2

M enyet ujui t ransaksi mat erial t erkait akuisisi

perusahaan perkebunan dan pengolahan kelapa

saw it , karet , sert a oleokimia.

RUPS Tahunan yang diselenggarakan pada tanggal 8 Juni 2010 membahas empat agenda

dan menghasilkan keputusan sebagai berikut:

AGENDA 1

M enyet ujui dan menerima baik Laporan Tahunan Direksi tentang Kegiat an dan Tat a Usaha Keuangan

unt uk Tahun Buku 2009.

AGENDA 2

M enyet ujui dan mengesahkan Neraca dan

Perhit ungan Laba Rugi unt uk Tahun Buku 2009,

t ermasuk Laporan Tugas Pengaw asan Dew an

Komisaris, sert a memberikan pelunasan dan pembebasan t anggung jaw ab sepenuhnya

kepada Direksi dan Dew an Komisaris at as

t indakan pengurusan dan pengaw asan selama

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AGENDA 3

Approving t he use of t he Net Profit of t he 2009

Fiscal Year at IDR 252.78 billion as follow s:

1. Disbursement of Cash Dividends of t he 2009

Fiscal Year at IDR 3.8 per share;

2. Set t ing aside t he remaining net profit as

Ret ained Earnings.

And grant ing of pow er and aut horit y t o t he

Board of Direct ors t o t ake necessary act ions regarding t he payment of t he Cash Dividends in

compliance w it h exist ing rules and regulat ions.

AGENDA 4

Approving t he aut horizat ion of t he Board of

Direct ors t o appoint a Public Account ant t o audit

t he financial report s of t he 2010 Fiscal Year, provided t hat t he Public Account ant has a good

reput at ion and is regist ered at t he Indonesian

Capit al M arket and Financial Inst it ut ions

Aut horit y (BAPEPAM & LK), and aut horizing t he Board of Direct ors t o set t he honorarium of t he

Public Account ant and ot her requirement s

pert aining t o t he assignment .

The Extraordinary GM S held on 8 June 2010 discussed tw o agenda items and brought forth the follow ing decisions:

AGENDA 1

1. Approving t he appoint ment of Ant on

Apriyant ono as a new Independent Commissioner.

2. Approving t he composit ion of t he Board of

Commissioners for t he period bet w een t he

AGENDA 3

M enyet ujui penggunaan Keunt ungan Tahun Buku

2009 sebesar Rp 252,78 milyar unt uk

dipergunakan sebagai berikut :

1. Pembagian Dividen Tunai Tahun Buku 2009 sebesar Rp 3,8 per saham;

2. M emasukkan sisanya sebagai Laba Dit ahan.

Sert a memberikan kuasa dan kew enangan

kepada Direksi unt uk melakukan segala t indakan yang diperlukan sehubungan dengan t at a cara

pembayaran Dividen Tunai sesuai perat uran yang

berlaku.

AGENDA 4

M enyet ujui unt uk memberi w ew enang pada

Direksi unt uk menunjuk Akunt an Publik yang

akan melakukan audit laporan keuangan unt uk Tahun Buku 2010, dengan ket ent uan Akunt an

Publik t ersebut mempunyai reput asi baik dan

t erdaft ar di BAPEPAM & LK, sert a memberikan

w ew enang kepada Direksi unt uk menet apkan honorarium Akunt an Publik berikut syarat

penunjukannya.

RUPS Luar Biasa yang diselenggarakan pada

tanggal 8 Juni 2010 membahas dua agenda dan menghasilkan keputusan sebagai berikut:

AGENDA 1

1. Menyetujui pengangkat an Ant on Apriyant ono

sebagai Komisaris Independen yang baru.

2. M enyet ujui susunan Dew an Komisaris unt uk

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3. M enyet ujui pengangkat an Rudi Sarw ono sebagai Direkt ur baru.

4. M enyet ujui susunan Direksi unt uk periode

RUPS Tahunan 2010 sampai dengan RUPS Tahunan 2013:

Direkt ur Ut ama: Ambono Januriant o

Direkt ur: Harry M . Nadir

Direkt ur: Bambang Aria Wisena Direkt ur: How ard J. Sargeant

Direkt ur: M . Iqbal Zainuddin

Direkt ur: Rudi Sarw ono

5. M emberi w ew enang dan kuasa kepada

Komit e Remunerasi dan Nominasi unt uk

menet apkan honorarium at au remunerasi

Komisaris Independen dan Direkt ur yang baru.

AGENDA 2

M enyet ujui perubahan Anggaran Dasar dalam

rangka penyesuaian dengan Perat uran Bapepam No. IX.J.1 t ent ang Pokok-Pokok Anggaran Dasar

Perseroan yang M elakukan Penaw aran Umum

Efek Bersifat Ekuit as dan Perusahaan Publik.

3. Approving t he appoint ment of Rudi Sarw ono as a new Direct or

4. Approving t he composit ion of t he Board of

Direct ors for t he period bet w een t he 2010 Annual GM S t o t he 2013 Annual GM S:

President Direct or: Ambono Januriant o

Direct or: Harry M . Nadir

Direct or: Bambang Aria Wisena Direct or: How ard J. Sargeant

Direct or: M . Iqbal Zainuddin

Direct or: Rudi Sarw ono

5. Authorizing the Remunerat ion and Nominat ion

Commit t ee t o set t he honorarium or

remunerat ion of t he new Independent

Commissioner and t he new Direct or.

AGENDA 2

Approving t he changes of t he Art icles of

Associat ion in compliance w it h Bapepam Regulat ions No. IX.J.1. on t he Principles of t he

Articles of Associat ion for Corporat ions conduct ing

Public Offerings of Equit y-based Securit ies and

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Dividend Payout Ratio

The dividend payout policy is based on net

income and uses t he follow ing formula:

* ) setelah perubahan kebijakan akuntansi dan penyajian kembali laporan keuangan ||||| after change in accounting policy and restatement of financial statements

Tahun Saldo Laba Ditahan Laba (Rugi) Bersih Dividen Tunai Jumlah Saham Dividen Dibayar Payout Ratio

Year Retained Earnings Net Profit (Loss) Cash Dividend Total Share Dividend Payment Payout Ratio

1990 20.958.630 10.054.899 - 37.000 -

-1991 30.741.819 15.185.189 200 37.000 7.400.000 73,59%

1992 32.325.516 11.758.727 275 37.000 10.175.000 67,00%

1993 37.947.393 15.796.846 275 37.000 10.175.000 86,53%

1994 51.588.016 24.185.623 285 37.100 10.545.000 66,75%

1995 71.984.448 33.346.431 350 37.100 12.950.000 53,54%

1996 100.331.884 43.147.436 400 74.000 14.800.000 44,38%

1997 135.160.976 50.369.091 75 207.200 15.540.000 36,00%

1998 166.769.962 50.469.411 75 207.200 15.540.000 30,85%

1999 38.323.862 (6.445.287) - 207.200 -

-2000 (155.326.414) (193.650.277) - 248.640 -

-2001 (225.869.471) (70.543.056) - 248.640 -

-2002 (149.914.301) 75.955.170 - 248.640 -

-2003 (67.347.562) 80.425.611 - 248.640 -

-2004 * ) 8.641.491 95.916.193 - 2.331.000 -

-2005 110.371.065 115.715.575 6 2.331.000 13.986.000 14,58%

2006 262.289.585 172.897.520 9 2.331.000 20.979.000 18,13%

2007 433.899.857 206.575.272 15 3.787.875 34.965.000 20,22%

2008 543.073.253 173.569.364 17 3.787.997 64.395.948 31,17%

2009 761.819.508 252.783.327 9 3.787.997 34.037.072 19,61%

2010 1.528.053.052 805.630.448 3,8 13.553.773 50.292.114 19,90%

Dividen

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Dividends

Dividend Payout Ratio

Laba Bersih set elah Pajak Penghasilan Dividen Tunai

Net Income Cash Dividen

Rasio Pembayaran Dividen

Kebijakan pembayaran dividen dilandasi

pendapat an bersih dengan formula sebagai

berikut :

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Pada Februari 2010, Perusahaan Anda t elah melakukan Penaw aran Umum Terbat as Saham III

(PUT III) dan menerbit kan Waran Seri II. Tot al

perolehan dana hasil PUT III adalah Rp 4.963,74

miliar. Tot al perolehan dana hasil pelaksanaan Waran Seri II adalah Rp 334,07 miliar.

Rencana P Rencana P Rencana P Rencana P

Rencana Penggunaan Dana PUT IIIenggunaan Dana PUT IIIenggunaan Dana PUT IIIenggunaan Dana PUT IIIenggunaan Dana PUT III

Sebesar 64,98% digunakan unt uk peningkat an modal pada anak perusahaan, unt uk kemudian

digunakan dalam akuisisi saham sert a peningkat an

modal dan modal kerja perusahaan perkebunan

saw it , karet , sert a oleokimia. Sebesar 25,56% digunakan unt uk pengembangan bisnis hulu

Perusahaan Anda. Sebesar 9,46% digunakan

sebagai t ambahan modal kerja Perusahaan Anda.

Rencana P Rencana P Rencana P Rencana P

Rencana Penggunaan Dana Hasil Penggunaan Dana Hasil Penggunaan Dana Hasil Penggunaan Dana Hasil Penggunaan Dana Hasil Pelaksanaanelaksanaanelaksanaanelaksanaanelaksanaan W

W W W

Waran Seri IIaran Seri IIaran Seri IIaran Seri IIaran Seri II

Dana hasil pelaksanaan Waran Seri II senilai

Rp 334,07 miliar akan digunakan Perusahaan Anda sebagai cadangan dana unt uk pelunasan

obligasi yang akan jat uh t empo pada t anggal

1 November 2011.

Laporan P Laporan P Laporan P Laporan P

Laporan Penggunaan Dana PUT IIIenggunaan Dana PUT IIIenggunaan Dana PUT IIIenggunaan Dana PUT IIIenggunaan Dana PUT III

Perusahaan Anda t elah menyampaikan Laporan

Realisasi Penggunaan Dana Hasil PUT III PT Bakrie

Sumat era Plant at ions Tbk kepada ot orit as pasar modal Indonesia.

Pada t anggal 15 April 2010, Perusahaan Anda melaporkan kepada Ket ua BAPEPAM -LK:

“ Telah digunakan unt uk pembayaran uang muka

pembelian PT M onrad Int an Barakat sebesar

Rp 274.200.000.000, unt uk pembayaran uang muka pembelian PT Cit alaras Cipt a Indonesia

sebesar Rp 25.000.000.000 dan sebesar

Rp 100.000.000.000 digunakan sebagai modal

kerja (w orking capital) Perseroan. Sisa dana yang belum digunakan disimpan dalam bank, deposit o

dan invest asi.” Di dalam laporan t ersebut ,

Perusahaan Anda juga menjelaskan bahw a belum

In February 2010, Your Company conduct ed t he 3rd Limit ed Public Offering of Shares (3rd Right s

Issue) and issued Warrant Serie II. The t ot al

funds obt ained t hrough t he 3rd Right s Issue w as

IDR 4,963.74 billion. The t ot al funds obt ained through the Warrant Serie II w as IDR 334.07 billion.

Realization Plan of the 3rd Rights Issue Proceeds Realization Plan of the 3rd Rights Issue ProceedsRealization Plan of the 3rd Rights Issue Proceeds Realization Plan of the 3rd Rights Issue Proceeds Realization Plan of the 3rd Rights Issue Proceeds About 64.98% w ill be used t o increase t he capit al of subsidiaries, and will be in t urn used t o acquire

shares and to increase capit al and w orking capit al

of palm, rubber, and oleochemical companies.

About 25.56% will be used to develop the upst ream business of Your Company. About 9.46% w ill be

used t o increase t he w orking capit al of Your

Company.

Realization Plan of W Realization Plan of WRealization Plan of W Realization Plan of W

Realization Plan of Warrant Serie II Conversionarrant Serie II Conversionarrant Serie II Conversionarrant Serie II Conversionarrant Serie II Conversion Proceeds

ProceedsProceeds Proceeds Proceeds

The t ot al funds obt ained t hrough t he conversion

of Warrant Serie II amount ing t o IDR 334.07 billion w ill be used by Your Company as reserve

funds for t he set t lement of bonds payables due

on 1 November 2011.

Report of Realization of the 3rd Rights Issue Report of Realization of the 3rd Rights IssueReport of Realization of the 3rd Rights Issue Report of Realization of the 3rd Rights Issue Report of Realization of the 3rd Rights Issue Proceeds

ProceedsProceeds Proceeds Proceeds

Your Company has submit t ed Report s of t he

Realizat ion of t he 3rd Right s Issue of PT Bakrie Sumat era Plant at ions Tbk t o t he Indonesian

capit al market aut horit ies.

On 15 April 2010, Your Company report ed t o t he Chairman of BAPEPAM -LK:

“ The funds have been used for t he dow n payment

for t he acquisit ion of PT M onrad Int an Barakat at

t he amount of IDR 274,200,000,000, t he dow n payment for t he acquisit ion of PT Cit alaras Cipt a

Indonesia at t he amount of IDR 25,000,000,000;

and t he amount of IDR 100,000,000,000 w as

used as t he w orking capit al of t he Company. The balance of unused funds is deposit ed in bank

account s, t ime deposit s and invest ment s.” In t he

report , Your Company also explained t hat no

Penggunaan Dana Hasil Penaw aran Umum |

(14)

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Pada t anggal 5 Agust us 2010, Perusahaan Anda melaporkan kepada Ket ua BAPEPAM -LK:

1. Sebesar lebih kurang 64,98% at au sekit ar

Rp 3.160 miliar akan digunakan unt uk

meningkat kan modal pada anak perusahaan t ert ent u, unt uk selanjut nya akan digunakan

oleh anak perusahaan t ert ent u t ersebut

unt uk melakukan akuisisi

perusahaan-perusahaan yang bergerak di bidang perkebunan kelapa saw it dan karet sert a

pengolahan oleokimia.

Rp 1.243 miliar akan digunakan unt uk pengembangan usaha Perseroan, t erut ama

t erkait bisnis hulu sepert i perkebunan.

Rp 460 miliar akan digunakan sebagai t ambahan modal kerja (w orking capital)

Perseroan.

Pada t anggal 15 Okt ober 2010, Perusahaan Anda melaporkan kepada Ket ua BAPEPAM -LK:

Realisasi Penggunaan Waran Seri II Periode

30 Sept ember 2010. Tot al Waran Seri II yang

dit erbit kan 630.316.155 dan belum dikonversi.

Pada t anggal 14 Januari 2011, Perusahaan Anda

melaporkan kepada Ket ua BAPEPAM -LK: Realisasi Penggunaan Waran Seri II Periode

31 Desember 2010. Tot al Waran Seri II yang

dit erbit kan 630.316.155 dan jumlah yang t elah

dikonversi 310.992.501 dengan nilai

On 5 August 2010, Your Company report ed t o t he Chairman of BAPEPAM -LK:

1. About 64.98% or around IDR 3,160 billion

w ill be used t o increase t he capit al of cert ain

subsidiaries, and w ill be furt her used by t hose part icular subsidiaries t o acquire oil palm

plant at ion companies, rubber plant at ion

companies, and oleochemical processing

companies.

2. About 25.56% or around IDR 1,243 billion

w ill be used t o develop t he business of t he

Company, part icularly t he upst ream business

such as plant at ions.

3. About 9.46% or around IDR 460 billion w ill

be used t o increase t he w orking capit al of t he

Company.

In t he report , Your Company also explained t hat no Warrant Serie II has been convert ed yet .

On 15 Oct ober 2010, Your Company report ed t o t he Chairman of BAPEPAM -LK:

The Realizat ion of t he Use of Warrant Serie II for

t he Period of 30 Sept ember 2010. The t ot al

Warrant Serie II issued and unconvert ed w as 630,316,155.

On 14 January 2011, Your Company report ed t o

t he Chairman of BAPEPAM -LK:

The Realizat ion of t he Use of Warrant Serie II for

t he Period of 31 December 2010. The t ot al

Warrant Serie II issued w as 630,316,155 and t he

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13 Efek Lainnya |

Securities

Obligasi | Senior Secured Not es• BSP Finance B.V.

Bursa Tanggal Pencat at an Jumlah (USD) Bunga / Jangka Waktu

Bourse List ing Dat e Amount (USD) Int erest / Period

SGX-ST 17 Okt ober 2006 110.000.000 10,75% p.a. / 5 years

SGX-ST 27 Februari 2007 50.000.000 10,75% p.a. / 4 years

SGX-ST 16 Okt ober 2009 25.000.000 10,75% p.a. / 3 years

Tanggal | Date Jumlah | Amount (USD)

Pembayaran Bunga Obligasi | Payment of Bond Int erest s

Pada tahun 2006, BSP Finance B.V., anak

perusahaan, pert ama kali mengeluarkan Senior

Secured Not es dan mencat at kannya di Bursa

Singapura. Selengkapnya, pencat at an obligasi

t erkait Perusahaan Anda adalah sebagai berikut :

In 2006, BSP Finance B.V., a subsidiary, has issued for t he first t ime Senior Secured Not es and list ed

t hem at t he Bourse of Singapore. In det ail, t he

list ing of t he securit ies relat ed t o Your Company

is as follow s:

Rat ings Rat ings Rat ings Rat ings Rat ings

The rat ing agency of M oody’s Invest ors Service Inc. has independent ly aw arded rat ings for t he

bonds of BSPF and AIRPL.

M oody’s Invest or Service Inc. has published rat ings for t he BSPF bonds from 2006 t o 2010

(successively: B2, B2, B2, B-, and Caa1), as w ell as

P P P P Peringkateringkateringkateringkateringkat

Lembaga pemeringkat M oody’s Invest ors Service Inc. secara independen t elah memberikan

peringkat unt uk obligasi BSPF dan AIRPL.

M oody’s Invest or Service Inc. t elah memberikan peringkat obligasi BSPF sejak 2006 hingga 2010

(bert urut -t urut : B2, B2, B2, B-, dan Caa1), sert a

1. 2 M ei 2007 9.316.666,67

2. 1 November 2007 8.552.222,22

3. 2 M ei 2008 8.647.777,78

4. 3 November 2008 8.647.777,78

5. 5 M ei 2009 8.695.555,56

6. 2 November 2009 9.778.020,83

7. 15 Januari 2010 8.156.250,00

8. 3 M ei 2010 10.054.236,11

9. 15 Juli 2010 8.156.250,00

(16)

a Wealt h of Our Communit y by Ext ract ing t he Opt imum Value Creat ion t hrough Environment ally Friendly

Int egrat ed Sust ainable Agro-Business and Relat ed

M ulai 2010, Perusahaan Anda memasuki

siklus pert umbuhan baru, sebagaimana

yang dirumuskan dalam rencana st rat egis

2010-2014.

St art ing in 2010, Your Company has

ent ered a new cycle of grow t h.

Direct ions of t his cycle are formulat ed in

BIDANG USAHA KITA

Business

A re We I n

What

FOCUS STRATEGIES 2010-2014 : PALM & RUBBER 1. Develop Right Land w it h Suit able Climat e 2. Nurt ure t he Right Organizat ion

and Talent Pool

3. Build & M aint ain Right Infrast ruct ure 4. At t ain High Yield and Low est

Compet it ive Cost Posit ion

5. Part ner w it h Reput able Funding Resources 6. Leverage and Expand Sizeable

Land Bank

7. Adapt Applied Technology (R&D)

CORE VALUES • BSP is Our Home

• Init iat ive and Empow erment w it h Account abilit y

• Sense of M ission • Adapt ive t o and

Driving Change

FOCUS STRATEGIES 2010-2014 : OLEO 1. Develop & Sust ain Operat ional

Exellence

2. Nurt ure t he Right Organizat ion and Talent Pool

3. Ext end St rat egic Sourcing Part ners & Alt ernat ives

4. Deliver Promised Service Rat e

5. Consist ent ly Comply w it h Indust ry St andard 6. Part ner w it h Reput able Funding Resources

(17)

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Penerapan nilai dasar Perusahaan Anda diukur dengan Indikat or Kinerja Kunci (Key Perfomance Indicator / KPI).

B

BSP Rumah Kita

SP Rumah Kita

•••••

B

BSP is Our Home

SP is Our Home

Rasa memiliki yang kuat :

senant iasa menjunjung kerja sama t im, sikap saling

menghargai, dan komunikasi

t erbuka; meraw at perusahaan

layaknya rumah sendiri; mengembangkan rasa

nyaman sepert i di rumah

sendiri; bert enggang rasa dan

memperjuangkan harmoni menuju arah yang sama.

St rong sense of belonging:

consist ent ly upholds

t eamw ork, mut ual respect , and open communicat ions;

prot ect s and beaut ifies t he

company just like our house;

develops comfort as in our home; nurt ures t olerance and

harmonious relat ions t ow ards

t he common same direct ion.

Semangat M embaw a M isi

•••••

Sense of M ission

Keselarasan vert ikal dan horizont al.

Vert ical and horizont al alignment of harmony.

M ampu Berubah, Dorong P

M ampu Berubah, Dorong Perubahan

erubahan

•••••

Adaptive to Change, Driving Change

Berpikiran t erbuka, bersikap proakt if, dan bert indak inovat if.

Open mind, proact ive, innovat ive.

NILAI DASAR

C ore Val ues

Inisiatif dan P

Inisiatif dan Pemberdayaan Bertanggungjaw ab

emberdayaan Bertanggungjaw ab

•••••

Initiative and Empow erment w ith Accountability

Set iap Unit Usaha menent ukan t ujuannya sejalan dengan

Arahan Korporat .

Each Business Unit cont rols it s object ives in line w it h t he

(18)

B

M encapai posisi sebagai perusahaan yang t erbesar di Indonesia

berdasarkan ukuran pendapat an, t ercepat dalam kont eks CAGR, dan/

at au t erbaik dilihat dari segi EVA.

Reaching t he posit ion as t he biggest company in t he indust ry based on t he revenue size, t he fast est in t erms of CAGR, and/or t he best in

Usaha Agro

•••••

Agro-Business

Usaha kit a meliput i beraneka jenis t anaman dan mencakup segmen usaha saw it , karet , sert a oleokimia.

Our business covers mult i-crops and includes palm, rubber, and oleochemical lines of business.

Indonesia

VISI

Vision

M enjadi Perusahaan Usaha Agro Terpadu Nomor Sat u

yang Paling Dikagumi di Indonesia.

To be the

Number One

and

M ost Admired

Integrated

Agro-Business

Company in

Indonesia.

P

Paling Dikagumi

aling Dikagumi

•••••

M ost Admired

M enjadi perusahaan yang ingin dit iru oleh

perusahaan lain, berkembang dengan

operasi yang sempurna sert a menjadi t olok

ukur bagi indust ri; memiliki sumber pendapatan dari aneka tanaman serta t ingkat

keselamat an dan kesehat an kerja yang jauh

di at as perusahaan agro-bisnis lainnya.

Being a company t hat ot hers w ould like t o emulat e, running w it h excellent operat ions

and set t ing new indust ry st andards; w it h

mixed revenues from mult i-crops as w ell as

environment , healt h & safet y rat ings t hat are beyond t hose of ot her agrobusiness

companies.

TTerpadu

erpadu

•••••

Integrated

Berkembang di hulu (melalui riset dan pengembangan kebun), sert a

di hilir (dengan pengembangan kegiat an pemrosesan menjadi operasi mid-stream - non-consumer branded goods).

Developing bot h in t he upst ream (t hrough R&D of plant at ions), and in

t he dow nst ream (by expanding from processing t o mid-st ream

(19)

A

M engembangkan dan M enjaga K

M engembangkan dan M enjaga Kesinambungan

esinambungan

•••••

Nurture and Sustain

Perusahaan Anda membina manfaat ekonomis bagi komunit as int ernal dan ekst ernal. Komunit as int ernal mencakup karyaw an dan keluarga mereka, sert a invest or. Komunit as ekst ernal mencakup seluruh pemangku kepent ingan yang mengembangkan hubungan ekonomis yang saling mengunt ungkan dengan Perusahaan Anda. Pemenuhan misi ini diukur dengan KPI NOPAT, COC, dan CompBen; sert a Net Operat ing Cycle, Price Index variant s, dan Service Rat e.

Your Company sust ains economic benefit s for bot h int ernal and ext ernal communit ies. The int ernal communit y includes employees and t heir families, as w ell as invest ors. The ext ernal communit y comprises all st akeholders having mut ual economic relat ionships w it h Your Company. Fulfillment of t his mission component is measured by t he KPIs of NOPAT, COC, and CompBen; as w ell as t he Net Operat ing Cycle, Price Index variant s, and Service Rat e.

Nilai Optimal

•••••

Optimum

V

Value

alue

Perusahaan Anda memperoleh nilai t ambah ekonomis dalam semua proses rant ai nilai guna mencapai ekst raksi pencipt aan nilai yang opt imal. KPInya mencakup Pencapaian Hasil, OER, Zero Defect , Zero Unplanned Breakdow n, sert a Tingkat Ut ilisasi.

Your Company gains economic added values in every process of t he value chain t o ext ract t he opt imum value creat ion. The KPIs include t he Yield

Achievement , OER, Zero Defect , Zero Unplanned Breakdow n, and Ut ilizat ion Rat e.

Ramah Lingkungan

•••••

Environment-friendly

Perusahaan Anda memat uhi best practices indust ri dalam hal lingkungan dan sosial. Unt uk mengukur sukses pelaksanaan misi ini, Perusahaan Anda menggunakan KPI sepert i RSPO Compliance, CSR Rat ing, EHS Rat ing, dan ISO 14001.

Your Company complies w it h t he indust ry’s best pract ices in bot h environment and social mat t ers. To measure t he success of t his mission, Your Company uses t he KPIs such as t he RSPO Compliance, CSR Rat ing, EHS Rat ing, and ISO 14001.

K

Keahlian K

eahlian K

eahlian Kunci

unci

•••••

Core Expertise

Perusahaan Anda mengadakan penelit ian dan pengembangan unt uk meningkat kan hasil dari kebun dan fasilit as pemrosesan yang dimiliki. KPI mencakup: Pencapaian Hasil, OER, Zero Defect , Zero Unplanned Breakdow n, sert a Tingkat Ut ilisasi; dan juga persent ase M ent oring Implement at ion.

Your Company conduct s research and development t o improve t he out put s of our plant at ions and processing facilit ies. The KPIs used: Yield Achievement , OER, Zero Defect , Zero Unplanned Breakdow n, and Ut ilizat ion Rat e; as w ell as t he M ent oring Implement at ion percent age.

M ulti T

M ulti Tanaman dan Operasi Global

anaman dan Operasi Global

•••••

M ulti-Crops and Global Operations

Perusahaan Anda akan mengelola kebun kelapa saw it di Afrika dan kebun karet di negara ASEAN; juga mengembangkan fasilit as pemrosesan oleokimia. KPInya mencakup persent ase Kont ribusi Pendapat an dan Keunt ungan Global, yang t erbagi at as produk

dan geografi; sert a persent ase Rasio Karyaw an, yang membandingkan operasi home-base dengan operasi global.

Your Company w ill manage oil palm est at es in Africa and rubber est at es in ASEAN count ries; it is also developing oleochemical processing facilit ies. The KPIs include t he percent age of Global Revenue & Earning Cont ribut ions, by product s and by geography;

M ISI

M ission

Nurture and Sustain

the Wealth of Our Community by Extracting the

Optimum Value

Creation through

Environmentally Friendly

Operations and Leveraging

Core Expertise

in

M ulti-Crops and Global Operations

A

M engembangkan dan M enjaga Kesinambungan Kesejaht eraan Komunit as dengan Ekst raksi Pencipt aan Nilai Opt imal melalui Kegiat an Operasi yang Ramah Lingkungan dan M emanfaat kan Keahlian Kunci dalam Operasi

(20)

S

Tanjung M oraw a: Fatty Acid Plant

Lokasi| Locat ion : Tanjung M oraw a

Luas Area| Area : 7Ha

Unit Sumut 2| North Sumatra 2 GLP

Lokasi| Locat ion : Labuhan Bat u Luas Lahan Saw it| Palm Field Area 7.820Ha

Unit ARBV GFII

Lokasi| Locat ion : Sarolangun, Jambi Luas Lahan Sawit| Palm Field Area : 11.278Ha

Kuala Tanjung: Oleochemical Complex

Lokasi| Locat ion : Kuala Tanjung Luas Fasilit as Terpadu|

Oleochemical Int egrat ed Facilit ies : 114Ha

Unit Riau GIN

Lokasi| Locat ion : Indragiri Hilir Luas Lahan Sawit| Palm Field Area : 12.200Ha

MALAY NANGGROE

ACEH DARUSSALAM

Unit Sumut 1| North Sumatra 1 BSP

Lokasi| Locat ion : Asahan Luas Lahan| Field Area :

. Saw it| Palm 9.847Ha

. Karet| Rubber 10.675Ha

Unit Sumbagsel & Bengkulu AM , JOP, NAM

Unit Lampung HIM

Lokasi| Locat ion : Tulang Baw ang Luas Lahan Karet| Rubber Field Area : 3.683Ha

Unit Jambi AGW, SNP, AM M

Lokasi| Locat ion :

. AGW Tanjung Jabung Barat

. SNP M uaro Jambi

. AM M Jam bi

Luas Lahan| Field Area :

. Plasma Saw it| Palm Plasma 9.078Ha

Unit Sumbar| West Sumatra BPP, CCI

Lokasi| Locat ion : Pasaman Luas Lahan| Field Area :

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N

SOUTH KALIMANTAN

EAST KALIMANTAN

Unit Kalsel | South Kalimantan M IB

Lokasi| Locat ion : Banjar Baru Luas Lahan Sawit| Palm Field Area : 7.171Ha

YSIA BRUNEI

SABAH

Note: •As of December 31, 2010

•Field area represents the size of planted area

Greenfield Project

Lokasi| Locat ion : Kalimant an Tengah|

Cent ral Kalimant an Luas Lahan Sawit | Palm Field Area : 11.133Ha

(22)

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St rukt ur Usaha

Business Structure

HIM BSPF BPP AGW AM M SNP GLP IRI ASD BRBE

M IB CCI Fordw ay JOP GIN

IKP BSEP

M PG M itra M akmur

BSPL

96,55% 100,00% 99,76% 99,93% 85,00% 99,99% 99,99% 100,00% 100,00% 50,00%

99,99% 99,99% 100,00% 99,99% 99,97%

85,00% 13,15%

62,50% 95,31% 94,77%

PT Bakrie Sumatera Plantations Tbk

5,23% 37,5%

70,00% 100,00%

AM 99,90%

BSPN

(23)

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Bookwise 100,00%

NAM

DAIP FSC SIP DSIP

AIRPL

M M M PBJ TSP PP EM AL JAW

GFII ARBV

Solegna

AI

SM AP DAP

99,99% 77,13%

100,00% 100,00% 100,00% 100,00%

99,99% 99,99% 99,99% 95,00% 99,99% 99,99%

100,00% 100,00%

75,00%

25,00% 100,00%

99,60% 100,00%

(24)

Tahun Operasi

Komersial | Persent ase Kepemilikan | Year of Percent age of Ow nership

Anak perusahaan | Lokasi | Kegiat an Usaha Ut ama | Commercial 2010 2009

Subsidiaries Domicile Principal Act ivit ies Operat ion (%) (%)

B

S

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Kepemilikan saham secara langsung | Direct Ow nership

Agri International Resources Pte. Ltd. Singapura Perusahaan investasi 2007 77,13

-(AIRPL) Singapore Investment company

Agri Resources B.V. (ARBV) Belanda Perusahaan investasi 2007 25,00

-The Netherlands Investment company

BSP Finance B.V. (BSPF) Belanda Jasa keuangan 2006 100,00 100,00

The Netherlands Financial services

PT Agro M itra M adani (AM M ) Jambi Pengolahan minyak kelapa saw it 2004 85,00 85,00 Oil palm processing

PT Agrow iyana (AGW) Jambi Perkebunan kelapa saw it 1998 99,93 99,93

Oil palm plantations

PT Bakrie Pasaman Plantations (BPP) Sumatera Barat Perkebunan kelapa saw it 1998 99,76 99,76 West Sumatra dan pengolahan minyak kelapa saw it

Oil palm plantations and processing

PT Bakrie Rekin Bio Energy (BRBE) Batam Bio-diesel - 70,00 70,00

PT Grahadura Leidongprima (GLP) Sumatera Utara Perkebunan dan pengolahan 2000 99,99 99,99 North Sumatra kelapa saw it

PT Huma Indah M ekar (HIM ) Lampung Perkebunan dan pengolahan karet 1992 96,55 96,55 Rubber plantations and processing

PT Nibung Arthamulia (NAM ) Palembang Pengolahan dan perdagangan hasil 2002 99,99 90,00 perkebunan karet

Processing and trading of rubber plantations crop

PT Sumbertama Nusapertiw i (SNP) Jambi Perkebunan dan pengolahan 2005 99,99 99,99

kelapa saw it

BSP Netherlands Finance B.V. (BSPN) Belanda Perusahaan investasi 2010 100,00

BSP Liberia B.V. (BSPL) Belanda Perusahaan investasi - 100,00

International Rubber Investment Pte. Ltd. Singapura Perusahaan investasi - 100,00

-(IRI) Singapore Investment company

Kepemilikan saham secara tidak langsung | Indirect Ow nership

M elalui Agri International Resources Pte. Ltd. ||||| through Agri International Resources Pte. Ltd.

Agri Resources B.V. (ARBV) Belanda Perusahaan investasi 2007 75,00

Agri International Finance B.V. (AI) Belanda Jasa keuangan 2007 100,00

-The Netherlands Financial services

M elalui PT Nibung Arthamulia ||||| through PT Nibung Arthamulia

(25)

Tahun Operasi

Komersial | Persent ase Kepemilikan | Year of Percent age of Ow nership

Anak perusahaan | Lokasi | Kegiat an Usaha Ut ama | Commercial 2010 2009

Subsidiaries Domicile Principal Act ivit ies Operat ion (%) (%)

Not es:

M elalui PT Domas Agrointi Prima ||||| through PT Domas Agrointi Prima

PT Saw itimas Agro Perkasa (SM AP) Sumatera Utara Pengolahan fatty alcohol - 100,00 -North Sumatra Fatty alcohol facility

M elalui PT Grahadura Leidongprima ||||| through PT Grahadura Leidongprima

Fordway Management Ltd. (Fordway) Kep. Virgin Britania Raya Jasa keuangan 2009 100,00 100,00 British Virgin Islands Financial services

PT Citalaras Cipta Indonesia (CCI) Sumatera Barat Perkebunan kelapa saw it 2010 99,99 -West Sumatra Oil palm plantations

PT M onrad Intan Barakat (M IB) Kalimantan Selatan Perkebunan kelapa saw it - 99,95 -South Kalimantan Oil palm plantations

PT Julang Oca Permana (JOP) Bengkulu Perkebunan karet 2010 99,99

-Rubber plantations

M elalui PT Julang Oca Permana ||||| through PT Julang Oca Permana

PT Inti Kemitraan Perdana (IKP) Jakarta Perkebunan karet - 85,00

-Rubber plantations

M elalui PT Grahadura Leidongprima dan PT Sumbertama Nusapertiw i |||||

through PT Grahadura Leidongprima and PT Sumbertama Nusapertiw i

PT Guntung Idamannusa (GIN) Riau Perkebunan dan pengolahan 2003 99,97 100,00

kelapa saw it

M elalui Agri Resources B.V. ||||| through Agri Resources B.V.

Great Four International M auritius Perusahaan investasi 2000 100,00

-Investment Co. Ltd. (GFII) Investment company

Solegna B.V. (Solegna) Belanda Perusahaan investasi 2006 100,00

M elalui Great Four International Investment Co. Ltd. ||||| through Great Four International Investment Co. Ltd.

PT Eramitra Agrolestari (EM AL) Jambi Perkebunan kelapa saw it 1997 99,99

-Oil palm plantations

PT Jambi Agrow ijaya (JAW) Jambi Perkebunan kelapa saw it 1999 99,99

-Oil palm plantations

M elalui Solegna B.V. ||||| through Solegna B.V.

PT M ultrada M ulti M aju (M M M ) Sumatera Selatan Perkebunan kelapa saw it 1997 99,99 -South Sumatra Oil palm plantations

PT Padang Bolak Jaya (PBJ) Sumatera Selatan Perkebunan kelapa saw it 1998 99,99

-South Sumatra Oil palm plantations

PT Perjapin Prima (PP) Sumatera Selatan Perkebunan kelapa saw it 1997 95,00

-South Sumatra Oil palm plantations

PT Trimitra Sumberperkasa (TSP) Sumatera Selatan Perkebunan kelapa saw it 2000 99,99 -South Sumatra Oil palm plantations

M elalui PT Huma Indah M ekar ||||| through PT Huma Indah M ekar

PT Air M uring (AM ) Bengkulu Perkebunan dan pengolahan karet 1998 99,90 99,99

Rubber plantations and processing

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CORP. HUM AN RESOURCES, CORP. SOCIAL RESPONSIBILITY & CORP. INFORM ATION SYSTEM AND SHARED SERVICES (CHR, CSR & CISS)

Chief : Rudi Sarw ono

CORPORATE OFFICE OF STRATEGY M ANAGEM ENT Chief : Azrul Lat if

STRATEGIC INVESTM ENT PORTFOLIO Chief Execut ive : Bambang Aria Wisena OLEOCHEM ICALS

Chief Execut ive : M . Iqbal Zainuddin RUBBER

Chief Execut ive : Bambang Aria Wisena PALM

Chief Execut ive : How ard J. Sargeant

DIC : RUDI SARWONO DIC : AM BONO JANURIANTO DIC : AM BONO JANURIANTO

CORPORATE FUNCTIONS CORPORATE STRATEGIC BUSINESS UNITS

Execut ive M anagement Commit t ee Board of Direct ors

President Direct or : Ambono Januriant o Direct ors : Harry M . Nadir

Bambang Aria Wisena How ard J. Sargeant M . Iqbal Zainuddin Rudi Sarw ono

CEO

CEO : Ambono Januriant o

Audit Commit t ee (AC)

Chairman : Soedjai Kart asasmit a M ember : Apandi Kosasih

M arzuki Ramli

Remunerat ion & Nominat ion Commit t ee (RNC) Chairman : Soedjai Kart asasmit a M ember : Bobby Gafur S. Umar Ambono Januriant o Harry M . Nadir Rudi Sarw ono Risk M anagement Commit t ee (RM C) Chairman : Bungaran Saragih M ember : Harry M . Nadir

M . Iqbal Zainuddin

Invest ment M anagement Commit t ee Chairman : Yuanit a Rohali M ember : Ambono Januriant o

Bambang Aria Wisena Board of Commissioners

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CORPORATE COM PLIANCES

CORPORATE LEGAL

CORPORATE INVESTOR RELATIONS / COM M UNICATION CORPORATE FINANCIAL, ACCOUNTING & TAX

CORPORATE M ANAGEM ENT ACCOUNTING, CONTROL & EVA

CORPORATE FINANCE & TREASURY

CORPORATE PROCUREM ENT CORPORATE SOCIAL RESPONSIBILITY

CORPORATE ORGANIZATION & TALENT M ANAGEM ENT

CORPORATE HR OPERATIONS

CORPORATE INFORM ATION SYSTEM & SHARED SERVICES CORPORATE AUDIT & RISK M ANAGEM ENT

CORPORATE BUSINESS DEVELOPM ENT & STRATEGIC INVESTM ENT KUALA TANJUNG

TANJUNG M ORAWA

UNIT KALSEL

Head : Bermansyah Sinaga UNIT JAM BI I

Head : Ahmad Najib UNIT JAM BI II Head : Andi Sucipt o UNIT INTERNATIONAL Head : TBD

UNIT BENGKULU Head : Darw in Daud UNIT SUM SEL 2 Head : Darw in Daud UNIT RIAU

Head : Lilik Qusairi UNIT SUM UT 2 Head : Fauzie Orbant a UNIT SUM SEL 1 Head : Deni Abdullah UNIT SUM BAR Head : Edy Sukamt o

OPERATION BUSINESS UNITS

St rukt ur Organisasi

Organizational Structure

UNIT LAM PUNG Head : Dw i Hart ono UNIT SUM UT 1

Head : Nahum Pangabean

DIC : Direct or in Charge TBD : To Be Det ermined ENVIRONM ENT, HEALTH & SAFETY

INDOGREEN INTERNATIONAL PLANTATION

SAWIT M AS PLANTATIONS M ANAGED OPERATION

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Kilas Balik 2010

2010 in Flash Back

2 Februari 2010

Rapat Umum Pemegang Saham Luar Biasa.

Ext raordinary General M eet ing of Shareholders.

2 Februari 2010

M elakukan PUT III dengan HM ETD, dengan rasio 2:5; sert a menerbit kan Waran Seri II.

Conduct ed 3rd Right s Issue, w it h t he rat io of 2:5; and issued Warrant Serie II.

16 Februari 2010

M eningkat kan kepemilikan saham di AIRPL dari 36,54% menjadi 58,86%.

Increase t he share ow nership in AIRPL from 36.54% t o 58.86%.

11 M aret 2010

M enerbit kan first t ranche Equit y-Linked Not es sejumlah USD 77.336.000 dari rencana penerbit an sampai dengan jumlah USD 100.000.000.

Issued t he first t rance of Equit y-Linked Not es amount ing t o USD 77,336,000 from t he planned t ot al amount of USD 100,000,000.

11 M aret 2010

19 April 2010

M eluncurkan program Strategic Intent yakni GREAT yang memiliki makna “ GO! Reach Extraordinary Achievement through Transformation” .

Launched St rat egic Int ent program - GREAT - w hich means “ GO! Reach Ext raordinary Achievement t hrough Transformat ion” .

26 April 2010

M elalui GLP mengakuisisi seluruh saham PT M onrad Int an Barakat dan PT Julang Oca Permana sebagai realisasi PUT III.

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1-3 Juni 2010

M enjadi sponsor ut ama dalam International Oil Palm Conference (IOPC) 2010 yang diselenggarakan di Yogyakart a.

Became t he main sponsor of t he Int ernat ional Oil Palm Conference (IOPC) 2010 held in Yogyakart a.

8 Juni 2010

Rapat Umum Pemegang Saham Tahunan dan Rapat Umum Pemegang Saham Luar Biasa.

Annual General M eet ing of Shareholders and Ext raordinary General M eet ing of Shareholders.

14 Juni 2010

BSP Unit Sumut 1, Kisaran, mendapat kan sert ifikasi Roundt able on Sust ainable Palm Oil (RSPO).

BSP Nort h Sumat ra 1 Unit / Kisaran received t he RSPO (Roundt able on Sust ainable Palm Oil) cert ificat ion.

5 Agustus 2010

16 Agustus 2010

M enerbit kan sisa Equit y-Linked Not es sejumlah USD 22.664.000 dari rencana penerbit an sampai dengan jumlah USD 100.000.000.

Issued t he remaining Equit y-Linked Not es amount ing t o USD 22,664,000 of t he planned t ot al amount of USD 100,000,000.

22 Oktober 2010

M elalui NAM mengakuisisi seluruh saham PT Sarana Indust ama Perkasa, PT Flora Saw it a Chemindo, PT Domas Agroint i Perkasa dan PT Domas Saw it int i Perdana sebagai realisasi PUT III.

Through NAM acquired all shares of PT Sarana Indust ama Perkasa, PT Flora Saw it a Chemindo, PT Domas Agroint i Perkasa and PT Domas Saw it int i Perdana as a realizat ion of t he 3rd Right s Issue.

8 Desember 2010

Ekspor Perdana Fat t y Acid dan Gliserin.

First Export of Fat t y Acid and Glycerine.

13 Desember 2010

Public Expose Tahunan.

Annual Public Expose.

NAM melakukan penjualan seluruh aset kepada PT Julang Oca Permana.

NAM sold all of it s asset s t o PT Julang Oca Permana.

M elalui NAM mengakuisisi seluruh saham PT Domas Agroint i Prima yang memiliki 99,60% saham PT Saw it mas Agro Perkasa, dan juga mengakuisisi sisa saham PT Saw it mas Agro Perkasa sebagai realisasi PUT III.

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B Plant age M aat schappij

Est ablished as Naamlooze

Government unt il 1967

Bergant i nama menjadi PT Uniroyal Sumat ra Plant at ions

Changed it s name t o PT Uniroyal Sumatra

M elakukan penaw aran saham perdana melalui Bursa Efek Indonesia (dahulu Bursa Efek Jakart a) dengan harga nominal Rp 1.000 per lembar saham

Conduct ed an Init ial Public Offering of it s shares t hrough t he Indonesia St ock Exchange (previously know n as t he Jakart a St ock Exchange) w it h a nominal price of IDR 1,000 per share

Bergant i nama menjadi PT Unit ed Sumat ra Plant at ions (UNSP)

PT Bakrie & Brot hers mengambil alih kepemilikan 75% saham UNSP

Renamed as PT Unit ed Sumat ra Plant at ions (UNSP)

PT Bakrie & Brot hers acquired 75% of UNSP shares

Bergant i nama menjadi PT Bakrie Sumat era Plant at ions (BSP), dan mulai

Perusahaan Anda merupakan usaha agro t erpadu yang berkelanjut an yang bergerak di bidang usaha perkebunan kelapa

saw it dan produksi minyak saw it sert a t urunannya; bidang usaha perkebunan karet dan pengolahan produk karet alam dan

t urunannya; sert a bidang usaha pengolahan produk oleokimia.

Diaw ali pada t ahun 1911, Perusahaan Anda berdiri di Asahan, Sumat era Ut ara sebagai NV Hollandsch Amerikaansche

Plant age M aat schappij, yang mengusahakan perkebunan karet . Dalam perjalanan sejarahnya, Perusahaan Anda mengalami

beberapa perubahan mendasar, kemudian pada t ahun 1986, sebagai PT Uniroyal Sumat ra Plant at ions, diambil alih

oleh PT Bakrie & Brot hers. Pada t ahun 1990, PT Unit ed Sumat ra Plant at ions melakukan penaw aran saham perdana di Bursa Efek Jakart a, kemudian memasuki usaha saw it melalui PT Bakrie

Pasaman Plant at ions, anak perusahaan, di Sumat era Barat , lalu berubah nama menjadi

PT Bakrie Sumat era Plant at ions Tbk. Dua puluh t ahun kemudian, Perusahaan Anda, sebagai

indust ri perkebunan yang holist ik dan t elah berkembang hingga ke Afrika Barat , memasuki usaha oleokimia. Perkembangan ini menandai aw al siklus pert umbuhan baru yang membaw a

Perusahaan Anda menuju usaha agro multi-crop

yang berkelanjut an, dan senant iasa

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A

M elakukan st ock split 2:1 dan mengubah harga nominal saham menjadi Rp 500 per lembar saham

M enyesuaikan dengan ket ent uan Undang-undang t ent ang Perseroan Terbat as, nama menjadi PT Bakrie Sumat era Plant at ions Tbk

Conduct ed a 2:1 st ock split and changed t he share’s nominal price t o IDR 500 per share

In compliance w it h t he Law on Limit ed Company, t he name w as alt ered as PT Bakrie Sumat era Plant at ions Tbk

M elakukan st ock split 5:1 dan mengubah harga nominal saham menjadi Rp 100 per lembar saham

Penaw aran Umum Terbat as I: saham yang beredar menjadi 2.331.000.000 lembar saham

Conduct ed a 5:1 st ock split and changed t he share’s nominal price t o IDR 100 per share

The First Limit ed Public Offering: t raded shares became

2,331,000,000 shares

Penaw aran Umum Terbat as II: saham yang beredar menjadi 3.787.875.000 lembar saham

The Second Limit ed Public Offering: t raded shares

Penaw aran Umum Terbat as III: saham yang beredar menjadi 13.553.772.676 lembar saham

M emasuki usaha oleokimia dan mencanangkan Rencana St rat egis Baru

The Third Limit ed Public Offering: t raded shares became

13,553,772,676 shares

Ent ers t he oleochemical business and launched t he New St rat egic Int ent

Your Company is an integrated and

sust ainable agrobusiness t hat operat es

in t he business field of oil palm plant at ion and

t he product ion of palm oil and it s derivat ives; t he business field of rubber plant at ion and t he processing of nat ural rubber product s; and t he business field of

processing oleochemical product s.

Beginning in 1911, Your Company w as est ablished in Asahan, Nort h Sumat ra as NV Hollandsch Amerikaansche Plant age M aat schappij, t o plant and process nat ural rubber. In it s

hist ory, Your Company has experienced several fundament al changes, and w as lat er in 1986, as PT Uniroyal

Sumat ra Plant at ions, acquired by PT Bakrie & Brot hers. In 1990, PT Uniroyal Sumat ra Plant at ions conduct ed it s init ial public

offering of it s shares at t he Jakart a St ock Exchange, ent ered t he palm business t hrough PT Bakrie Pasaman Plant at ions, a subsidiary, and lat er changed names t o become PT Bakrie Sumat era Plant at ions Tbk. Tw ent y years lat er, Your Company, as

an holist ic plant at ion indust ry t hat has expanded as far as t o West ern Africa, ent ered t he oleochemical business. This

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30 Sambut an Dew an Komisaris

M essage from the Board of Commissioners

Perusahaan A nda tel ah

memasuki fase baru dal am

proses pertumbuhannya.

Secara horizontal ,

Perusahaan A nda

mel akukan pengembangan

kebun sawit dan kebun karet

mel al ui akuisisi dari pihak

ketiga. Secara vertikal ,

Perusahaan A nda

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Dear Shareholder,

It is a dist inct honor t o be able t o present you t he

2010 annual report of PT Bakrie Sumat era

Plant at ions Tbk. This report w ill give you t he

opport unit y t o experience briefly t he dynamics t hat have driven Your Company t o become even

more compet it ive.

Creating a Long-Term Sustainable Shareholder Value

Your Company has ent ered a new phase in it s

grow t h process. Horizont ally, Your Company has developed it s palm and rubber est at es t hrough

acquisit ions from t hird part ies. Vert ically, Your

Company has developed new businesses bot h at

t he upst ream and t he dow nst ream of t he indust ry.

Increase of product ion capacit ies had t o be

accelerat ed t o t ake advant age of market condit ions, w it h booming prices of rubber up t o

t he highest level in hist ory. Consequent ly, t he

profit abilit y of t he rubber business, more t han

palm, has increased enormously in 2010.

One development at t he upst ream t hat w ill

become t he cent er of at t ent ion in t he palm

business is t he est ablishment of an oil palm seed garden in Kisaran; t he result of t he collaborat ion

w it h ASD de Cost a Rica, an int ernat

ionally-renow ned company and producer of prime oil

palm seeds. Pemegang Saham Yang Terhormat,

Bagi kami adalah suat u kebanggaan t ersendiri

dapat menyampaikan kepada Anda laporan

t ahunan PT Bakrie Sumat era Plant at ions Tbk

unt uk t ahun 2010; suat u laporan yang memberi Anda kesempat an unt uk melihat secara sekilas

dinamika yang t elah mendorong Perusahaan

Anda unt uk menjadi lebih kompet it if.

M enciptakan Sustainable Shareholder Value

Jangka Panjang

Perusahaan Anda t elah memasuki fase baru dalam

proses pert umbuhannya. Secara horizont al, Perusahaan Anda melakukan pengembangan

kebun saw it dan kebun karet melalui akuisisi dari

pihak ket iga. Secara vert ikal, Perusahaan Anda

mengembangkan usaha baru di hulu maupun di hilir.

Peningkat an kapasit as produksi perlu dipercepat

unt uk memanfaat kan sit uasi pasar, dengan lonjakan harga karet hingga mencapai t ingkat

t ert inggi dalam sejarah. Tingkat profit abilit as

usaha karet pun meningkat pesat pada t ahun

2010, melebihi profit abilit as saw it .

Perkembangan di hulu yang akan menjadi perhat ian

para pelaku bisnis saw it ialah pembangunan

kebun bibit kelapa saw it di Kisaran, perw ujudan kerja sama dengan ASD de Cost a Rica, sebuah

perusahaan yang di lingkungan int ernasional

t erkenal sebagai produsen benih kelapa saw it