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Unilever Indonesia Announces 111% dividend payout ratio at AGMS


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Unilever Indonesia announced final dividends for 2023 during its Annual General Meeting of Shareholders today.

Grha Unilever, Unilever Indonesia head office

Tangerang, 20 June 2024 – PT Unilever Indonesia, Tbk. (the “Company”, “Unilever Indonesia”) today held its Annual General Meeting of Shareholders (AGMS) and Public Expose (PE) in hybrid format at Unilever Indonesia Head Office, Grha Unilever BSD and broadcasted it virtually. Several agendas were discussed including the re-appointment of the Company’s Board of Directors, the Company's financial performance for the full year of 2023 (audited); dividend announcement; and future-fit business strategies.

In 2023, the Company recorded net sales of IDR 38.6 trillion, net profit of IDR 4.8 trillion, and improved Gross Margins by 346 bps compared to 2022.

Dividend Payout Ratio at 111%

At the AGMS meeting, it was determined that the final dividend for the fiscal year 2023 is IDR 77 (seventy-seven Rupiah) per share amounting to a total of IDR 2,937,550,000,000 (two trillion nine hundred thirty seven billion five hundred fifty million Rupiah). This final dividend is taken from net profit 2023 and unappropriated retained earnings from previous years. The final dividend will be disbursed no later than July 18, 2024.

The Company has distributed interim dividends for the 2023 financial year in the amount of IDR 63 (sixty-three Rupiah) per share or a total of IDR 2,403,450,000,000 (two trillion four hundred and three billion four hundred and fifty million Rupiah) to the Company's shareholders whose names are recorded in the Company's list of shareholders on December 8, 2023, at 16:00 West Indonesia Time.

Therefore, total dividend for the Fiscal Year of 31st December 2023 is IDR 140 (one hundred forty Rupiah) per share or a total of IDR 5,341,000,000,000 (five trillion three hundred forty-one billion Rupiah). The total amount of dividends for the financial year ended December 31, 2023, is the same as the total amount of dividends distributed for the financial year ended December 31, 2022.

Benjie Yap, President Director of PT Unilever Indonesia, Tbk., said “Our focus remains on strengthening the drivers of growth that underpin our business. Our consistent efforts to navigate through external crisis have started to show progress this year, and we are grateful for the unwavering support from loyal consumers, customers, partners, and stakeholders in 2023.”

Streamlining for Agility

Unilever Indonesia today also announced a more compact composition of the Board of Directors to ensure faster and more efficient decision-making process.

“Streamlined organisation will empower us to be more agile in responding to consumer and channel trends, while maintaining unequivocal accountability for delivery,” said Benjie.

The new composition of the Board of Directors of Unilever Indonesia are:

  • Benjie Yap, President Director
  • Vivek Agarwal, Director
  • Ainul Yaqin, Director
  • Enny Hartati Sampurno, Director
  • Hernie Raharja, Director
  • Willy Saelan, Director

Nurdiana Darus (Ade) will be proposed to be appointed as the President Director of Unilever Enterprises Indonesia (UEI), subject to UEI’s shareholders approval, while continuing her senior role with Unilever Indonesia as the Head of Sustainability and Corporate Affairs. Amaryllis Esti Wijono (Lilis) is now Nutrition General Manager of Unilever Indonesia and will focus on driving competitive + profitable growth and market development of the category in Indonesia. Meanwhile, Hira Triadi resigned to pursue external opportunities.

“We would like to thank Hira for her contribution, wishing her good health and success in her next endeavours. We are also excited for Ade and Lilis who are entering the next chapter of their journey with the Company,” added Benjie.

“As we move forward, our commitment to drive competitiveness continues. We are optimistic that the company is on the right path to deliver faster growth, drive productivity and simplicity, and dial up our performance culture,” Benjie concluded.

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