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30 Best Companies to Watch 2018

Astra International: ‘Our Mission is to Prosper with the Nation by Providing the Best Value to Our Stakeholders’

thesiliconreview-prijono-sugiarto-president-director-astra-international-2018

“As one of the nation’s largest business groups today, Astra has built a strong reputation through a diverse and quality products and services offering, with due observance to good corporate governance and environmental governance standards.”

The automotive industry has become one of the central pillars of Indonesia’s manufacturing sector, with global corporations investing heavily to take advantage of strong growth in Southeast Asia’s biggest economy. As they increase their local production capacity, many carmakers see Indonesia as a future hub for their sales in the Southeast Asian region.

In view of the above-mentioned scenario, we’re thrilled to present Astra International.

Astraengages in the automotive, financial services, heavy equipment and mining, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia. The company offers cars, trucks, and motorcycles of various brands; manufactures and sells automotive components to the original equipment for manufacturers and replacement markets, as well as provides consultation services to its customers; financing for cars, motorcycles, and heavy equipment; general insurance; and various banking products and services.

Astraalso distributes heavy equipment products for the mining, plantation, construction, forestry, transportation, and material handling industries; provides coal mining contracting services; operates coal mines, and produces palm oil.

In addition, the company is involved in the development and operation of toll roads; rental and leasing of vehicles; resale of used cars; and provision of public transportation services, and port and logistics facilities.

Further, Astraoffers various information technology business solutions based on the document, information, and communication technology; and mobile financial platform services for the financial industry. Additionally, the company engages in property investment, development, and management activities.

Astra Internationalwas incorporated in 1957 and is headquartered in North Jakarta, Indonesia.

The Company Synopsis | Astra International

Astra International: ‘Committed to Staying Ahead of the Curve’

Astra is Southeast Asia’s largest independent automotive group. Operating predominantly in Indonesia, it is the leading provider of a full range of automobile and motorcycle products. In the motor vehicle market, the group partners with Toyota, Daihatsu, Isuzu and Peugeot, as well as being the dealers for UD Trucks and BMW, and in the motorcycle market, it partners with Honda. In the automotive component sector, through its subsidiary PT Astra OtopartsTbk, Astra cooperates with quality component producers.

In addition, Astra has interests in financial services; heavy equipment, mining, construction and energy; agribusiness; infrastructure and logistics; information technology; and property. In financial services, Astra’s businesses provide financial products and services to support its automotive sales through PT Astra Sedaya Finance, PT Toyota Astra Financial Services and PT Federal International Finance, and heavy equipment sales through PT Surya Artha Nusantara Finance and PT Komatsu Astra Finance. The group is also involved in retail banking through a stake in PT Bank PermataTbk and is one of Indonesia’s largest general insurance brokers through PT Asuransi Astra Buana. The company also entered life insurance business through PT Astra Aviva Life.

Astra’s activities in the heavy equipment and mining sectors are conducted through PT United Tractors Tbk, which is the sole distributor for Komatsu heavy equipment and is a leading coal mining contractor, a mine owner and a construction contractor. In agribusiness, Astra has a significant interest in palm oil plantation operator PT Astra Agro Lestari Tbk.

The company is also an active participant in the development of Indonesia’s strategic infrastructure, including toll roads, energy, transportation and logistics and seaports. The business is managed by PT Astra Tol Nusantara and PT Astra Nusa Perdana. PT SerasiAutoraya manages the logistics value chain business. Through PT Astra GraphiaTbk, it is one of the country’s leading providers in the document and IT solution services. In property, in which Astra has participated since 2016, the group is finalising its pilot project, an integrated complex comprising office buildings and residential apartments, Menara Astra and Anandamaya Residences, as well as two new residential projects in Jakarta, Asya and Arumaya.

As of September 2018, Astra employed some 226,000 people in 224 companies, including subsidiaries, joint ventures and associates. It is listed on the Indonesia Stock Exchange.

Astra International: Sales Analysis

During the year ended December of 2017, sales at Astra International were 206.06 trillion Indonesian Rupiahs (US$14.14 billion). This is an increase of 13.8percent versus 2016 when the company’s sales were 181.08 trillion Indonesian Rupiahs. The sales level in 2017 was fairly close to the level five years ago: in 2012, Astra International had sales of 188.05 trillion Indonesian Rupiahs. Sales of Property saw an increase that was more than double the company’s growth rate: sales were up 79.4percent in 2017, from 34.00 billion Indonesian Rupiahs to 61.00 billion Indonesian Rupiahs. The company also saw significant increases in sales in Heavy Equipment and Mining (up 41.8percent to 64.56 trillion Indonesian Rupiahs) and Agribusiness (up 22.6percent to 17.31 trillion Indonesian Rupiahs) and Information Technology (up 44.4percent to 3.92 trillion Indonesian Rupiahs). Not all segments of the company experienced an increase in sales in 2017: sales of Infrastructure and Logistic fell 5.0percent to 7.63 trillion Indonesian Rupiahs. (However, this segment’s sales were only a very small portion of the company's overall sales).

Future Arrangements: Sky’s the Limit

Astra continually aspires to become a corporate citizen that is considered to be a pride of the nation. Keeping that in view, the company has been actively involved in the national efforts to improve the welfare of the Indonesian people. To this end, the company runs business activities by a balanced combination of the business’ commercial interests and non-business contributions through on-going social responsibility programs focused on four basic areas: education, environment, small and medium enterprises (SME) development and health.

About: Prijono Sugiarto

Prijono Sugiarto: Prijono Sugiarto is the President and Director of Astra International.

“Astra has a total of 225,935 employees working in 224 subsidiaries, associated companies, and jointly-controlled entities spanning over seven business segments.”

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