PT Bakrie & Brothers Tbk. (“Perseroan” atau “BNBR”) mengumumkan bahwa proses Kuasi Reorganisasi (“Kuasi”) telah selesai dilakukan. Seluruh rangkaian proses Kuasi telah dilewati dengan baik dan diselesaikan sesuai tata cara dan prosedur yang berlaku.

The Company's shareholders have expressed their approval at the Extraordinary General Meeting of Shareholders on Friday, June 21 2024. Until the end of the notification period to the Company's creditors on August 21 2024, no creditors of the Company have objected or expressed objections to the Company's plans regarding the Quasi.

On August 22 2024, BNBR also received approval from the Minister of Law and Human Rights of the Republic of Indonesia (Menkumham) regarding this corporate action. This approval is based on Minister of Law and Human Rights Decree No. AHU-0052501.AH.01.02. YEAR 2024 dated 22 August 2024 concerning Approval of Amendments to the Articles of Association of the Limited Liability Company PT Bakrie & Brothers Tbk. (“Minister of Law and Human Rights Approval”). With the approval of the Minister of Law and Human Rights obtained, the reduction in the Company's capital in connection with the Quasi Reorganization of the Company will become effective.

"Alhamdulillah, we are grateful that all accounting procedures and legal regulations for carrying out Quasi have been completed. Now we can focus on running the business with clean books to move better in the future. "BNBR continues to be committed to providing optimal added value to our investors," said BNBR Director, Roy Hendrajanto M. Sakti, Monday (26/8/2024).

Roy added that the Quasi Reorganization process carried out by BNBR required a lot of energy and time. Because, to carry out Quasi, BNBR must carry out complex and very detailed work which will result in improving the Company's balance sheet. With commitment, hard work and support from investors and stakeholders, the Quasi process can run smoothly and be completed on time.

"We express our high appreciation for the support from stakeholders for the successful implementation of this BNBR Quasi Reorganization," said Roy.

Roy is optimistic that the Company's performance in the future will continue to improve. "With better performance, it is hoped that the Company can provide added value to its stakeholders by distributing dividends to the Company's shareholders as a concrete manifestation of our commitment," said Roy.

Through this Quasi, BNBR succeeded in eliminating a deficit of IDR 19.5 trillion. This deficit comes from the value of the Company's accumulated profit and loss (deficit) in the 2011-2023 period.

Tujuan Kuasi Reorganisasi

Roy merinci, terdapat lima tujuan dari Kuasi Reorganisasi yang dilaksanakan oleh Perseroan. Pertama, dengan aksi korporasi ini Perseroan dapat memulai awal yang baru (fresh start) dengan neraca keuangan yang menunjukkan saldo laba tanpa dibebani defisit masa lampau.

Second, improve the Company's equity structure by eliminating accumulated losses (deficits) by using other equity components such as share premium, differences in transactions with non-controlling parties and a decrease in share capital.

Ketiga, dengan kondisi neraca keuangan yang menunjukkan nilai sekarang tanpa dibebani defisit masa lampau, Perseroan diharapkan akan lebih mudah memperoleh pendanaan, jika diperlukan, dalam rangka pengembangan usaha.

Keempat, dengan tidak adanya saldo defisit, maka akan dapat memberikan dampak positif bagi para pemegang saham karena Perseroan dapat membagi dividen sesuai dengan peraturan yang berlaku, termasuk Undang-undang Perseroan Terbatas (UUPT).

"Fifth, increase investor interest and attraction to own Company shares, so it is hoped that this will also increase the trading liquidity of the Company's shares," explained Roy.

Performa Keuangan Membaik

Roy Hendrajanto mengatakan, dari tahun ke tahun Perseroan secara konsisten menunjukkan tren performa keuangan yang membaik. Hal ini terlihat dari peningkatan pendapatan sebesar 16,24% CAGR selama periode tahun 2021 hingga 2023 .

"The increase in the Company's revenue was largely due to the development of the Company's business through its subsidiary PT VKTR Teknologi Mobilitas Tbk. (VKTR) which operates in the field of electric vehicle sales, PT Bakrie Metal Industries (BMI) and its subsidiaries which operate in the field of corrugated steel fabrication, steel pipe fabrication and steel construction and PT Bakrie Indo-Infrastructure (BIIN) which operates in the construction sector and infrastructure services including telecommunications infrastructure," said Roy.

More than that, continued Roy, this positive performance trend can also be seen from the increase in the Company's operating profit for three consecutive years, respectively amounting to IDR 20.69 billion, IDR 231.91 billion and IDR 348.31 billion, with an average margin of operating profit of 5.51%.

Roy said, in December 2023, the Company had completed the restructuring of most of the Company's obligations to creditors. With this restructuring, the Company's performance in the following year will be better.

In the period 2021 to 2023, the Company has a profit for the year attributable to the owners of the parent entity of IDR 63.67 billion in 2021, IDR 266.13 billion in 2022 and IDR 237.46 billion in 2023, respectively. "The three-year average of profit for the current year attributable to the owners of the parent entity is IDR 189.09 billion," explained Roy. Furthermore, the Company has good prospects, as evidenced by the positive current year profit in the audited annual consolidated financial statements for 3 (three) consecutive years, respectively amounting to IDR 86.78 billion in 2021, IDR 306.15 billion in in 2022, and IDR 264.46 billion in 2023.