AR TB 2016 PT. SLJ Global Tbk

PTSLJGLOBALTbk 2016

IDENTITAS PERUSAHAANCorporate IdentityAlamat AddressKantor Pusat : Head Office :RDTX Tower, Lantai 19 RDTX Tower, 19th FloorJl. Prof. Dr. Satrio Kav. E IV/6, Jl. Prof. Dr. Satrio Kav. E IV/6,Mega Kuningan, Setiabudi Mega Kuningan, SetiabudiJakarta Selatan – 12950 Jakarta Selatan – 12950Indonesia IndonesiaPO. BOX 3396 PO. BOX 3396Telepon : +62-21 576 1188, 576 1199 Telepon : +62-21 576 1188, 576 1199Faksimili : +62-21 576 1818 Facsimile : +62-21 576 1818Email : [email protected] Email : [email protected] : www.sljglobal.com Website : www.sljglobal.comKantor Operasional : Operational Office :Jl. Dr. Cipto Mangunkusumo Jl. Dr. Cipto MangunkusumoSengkotek, Loa Janan Ilir, Samarinda Sengkotek, Loa Janan Ilir, SamarindaKalimantan Timur – 75391 Kalimantan Timur – 75391Indonesia IndonesiaTelepon : +62-541 262 220, 262 333, 262 696, 260 123, Telepon : +62-541 262 220, 262 333, 262 696, 260 123, 260 256, 260 863, 260 941, 263 372, 260 256, 260 863, 260 941, 263 372, 263 740 263 740Faksimili : +62-541 260 821 Facsimile : +62-541 260 821Tanggal Pendirian Date of Establishment14 April 1980 April 14, 1980Dasar Hukum Legal BasisAkta Pendirian No. 10 tanggal 14 April 1980, yang Deed of Incorporation No. 10 dated on April 14th, 1980,dibuat dihadapan Rukmasanti Hardjasatya, SH., which was made before Rukmasanti Hardjasatya, SH.,yang kemudian diubah dengan Akta No. 1 tanggal 3 Which was then being amended by Deed No. 1 datedJuni 1980 dari notaris yang sama. Akta pendirian dan on June 3rd, 1980 of the same notary. The Deed ofperubahannya telah disahkan oleh Menteri Kehakiman Incorporation and its amendment have been ratifiedmelalui Surat Keputusan No. Y.A.5/303/16 tanggal by the Minister of Justice in accordance with its Decree18 Juni 1980 serta diumumkan dalam Berita Negara of Minister No. Y.A.5/303/16 dated on June 18th, 1980Republik Indonesia No. 89 Tambahan No. 855 tanggal and it is being published in the Official State Gazette of4 November 1980. the Republic of Indonesia No. 89 Supplement to No. 855 dated on November 4th, 1980.Anggaran Dasar Perusahaan telah mengalamibeberapa kali perubahan, antara lain berdasarkan The Company’s Articles of Association has beenAkta Notaris No. 5 tanggal 17 Januari 2013 dari amended several times, among others, based onRismalena Kasri, SH., mengenai perubahan nama dari Notarial Deed No. 5 dated on January 17th, 2013 fromPT Sumalindo Lestari Jaya Tbk menjadi PT SLJ Global Rismalena Kasri, SH., concerning the change of itsTbk, yang telah memperoleh persetujuan dari Menteri name from PT Sumalindo Lestari Jaya Tbk into PT SLJHukum dan Hak Asasi Manusia melalui Surat Keputusan Global Tbk, which has obtained the approval fromNo. AHU-25591.AH.01.02.Tahun 2013 Tanggal 14 Mei the Minister of Justice and Human Rights based on its2013. Dan perubahan yang terakhir berdasarkan Akta Decree of Minister No. AHU-25591.AH.01.02.Tahun 2013Notaris No. 10 tanggal 7 Juli 2015 dari Rismalena Kasri, dated on May 14th, 2013. And the latest amendmentSH., yang mengubah beberapa pasal yang terkait (change) based on Notarial Deed No. 10 dated on Julydengan, antara lain Rapat Umum Pemegang Saham, 7th, 2015 from Rismalena Kasri, SH., which amendedPerubahan Anggaran Dasar, Direksi dan Dewan several articles related to, among others, the GeneralKomisaris untuk menyesuaikan peraturan Otoritas Jasa Meeting of Shareholders, Amendment to the ArticlesKeuangan, yang telah diberitahukan dan memperoleh of Association, the Board of Directors and the Boardsurat penerimaan pemberitahuan dari Menteri Hukum of Commissioners to adjust to the regulations of thedan Hak Asasi Manusia No. AHU-AH-01.03-0949504 Financial Service Authority (OJK), which have beentanggal 8 Juli 2015. notified and obtained notification acceptance letter of the Minister of Justice and Human Rights No. AHU-Bidang Usaha AH-01.03-0949504 dated on July 8th, 2015.Industri Pengolahan Kayu terpadu dan Pengembangan/ Line Of BusinessEksploitasi Hasil Hutan Alam. Integrated Timber Manufacturing and Development/ Exploitation of Natural ForestStatus Perusahaan Company StatusPerusahaan Publik Public CompanyKode Saham Ticker CodeSULI SULI

General Annual Report PT SLJ Global Tbk 2016 VISI DAN MISI 1 Vision and MissionVisi VisionMenjadi industri perkayuan terpadu dan bertanggung jawab sosial, memberikan solusi denganmenghasilkan produk-produk ramah lingkungan yang menggunakan bahan baku dari hutan yang dikelolasecara lestari, serta optimalisasi pemanfaatan sumber daya alam lainnya.Being an integrated timber industry with social responsibility, providing solutions by manufacturing productsthat use environmentally friendly raw materials from sustainably managed forest, as well as optimizing theuse of other natural resources.Misi Mision• Mengelola kelompok usaha industri perkayuan terpadu di bidang kayu lapis dan kayu lapis olahan, MDF serta produk-produk turunan lainnya yang berkaitan dengan industri perkayuan serta mempunyai tanggung jawab sosial.• Menjaga keberlangsungan kebutuhan bahan baku yang dipenuhi dari hutan yang dikelola berdasarkan prinsip pengelolaan hutan lestari.• Melakukan proses produksi yang memenuhi standar ramah lingkungan.• Memberikan nilai tambah produk melalui peningkatan nilai di setiap proses tahapannya, pengembangan produk, sumber daya manusia dan jalur distribusi.• Mengoptimalisasi pemanfaatan sumber daya alam lainnya.• Managing the business group in the field of integrated timber industry plywood and processed plywood, MDF and other derivative products relating to the timber industry as well as implementing social responsibility.• Maintaining continuity of raw material needs which are met from forest are managed according to the principles of sustainable forest management.• Perform production processes that meet environmentally friendly standards.• Provide value-added products through increasing the value of each process stage, product development, human resources and distribution channels.• Optimizing the utilization of other natural resources.

UMUM Laporan Tahunan PT SLJ Global Tbk 2016DAFTAR ISITable of ContentsUMUMGeneral IDENTITAS PERUSAHAAN Corporate Identity01. VISI DAN MISI Vision and Mission02. DAFTAR ISI Table of Contents INFORMASI PERUSAHAAN Corporate Information IKHTISAR KINERJA Performance Highlights 04. IKHTISAR DATA KEUANGAN PENTING Financial Highlights INFORMASI PERDAGANGAN SAHAM Information Trading of Shares 06. INFORMASI PERDAGANGAN SAHAM PERSEROAN DI BURSA EFEK INDONESIA2 Information Trading Of Shares Of The Company In Indonesia Stock Exchange LAPORAN MANAJEMEN Management Report 08. LAPORAN DEWAN KOMISARIS Board Of Commissioners’ Report 10. LAPORAN DIREKSI Board of Directors’ Report PROFIL PERUSAHAAN Company Profile 15. RIWAYAT SINGKAT PERSEROAN A Brief History of The Company 16. STRUKTUR PERUSAHAAN DAN ANAK PERUSAHAAN Structure of The Company and Subsidiaries 17. INFORMASI ANAK PERUSAHAAN Subsidiaries Information 18. PENGELOLAAN SUMBER DAYA HUTAN ALAM Management of Natural Forest Resources 19. SERTIFIKAT Certificate 20. SUMBER DAYA MANUSIA Human Resources Management 23. STRUKTUR ORGANISASI Organization Structure 26. PROFIL DEWAN KOMISARIS The Board of Commissioners’ Profile 30. PROFIL DIREKSI The Board of Directors’ Profile 32. DAFTAR PEMEGANG SAHAM Register of Shareholders 33. IKHTISAR DATA PERMODALAN DAN DATA SAHAM Capital Structure and Share Data

General Annual Report PT SLJ Global Tbk 2016 ANALISIS DAN PEMBAHASAN MANAJEMEN Management Discussion And Analysis Bussiness Segments Review TINJAUAN SEGMEN USAHA .35 Financial Performance KINERJA KEUANGAN .38 TATA KELOLA PERUSAHAAN Good Corporate Governance Good Corporate Governance Implementation PENERAPAN TATA KELOLA .42 General Meeting Of Shareholders RAPAT UMUM PEMEGANG SAHAM .43 The Board Of Commissioners’ DEWAN KOMISARIS .45 The Board Of Directors’ DIREKSI .48 Audit Committee KOMITE AUDIT .52 Corporate Secretary SEKRETARIS PERUSAHAAN .56 Corporate Audit AUDIT INTERNAL .57 Risk Management MANAJEMEN RISIKO .58 Code Of Ethics KODE ETIK .60 .61Access Of Information And Corporate Data AKSES INFORMASI DAN DATA PERUSAHAAN 3 TANGGUNG JAWAB SOSIAL DAN LINGKUNGAN Corporate Social and Environmental Responsibility Environmental Responsibility TANGGUNG JAWAB LINGKUNGAN .63Labour, Health And Work Safety KETENAGAKERJAAN, KESEHATAN DAN KESELAMATAN KERJA .64 .64 Social And Community Development PENGEMBANGAN SOSIAL DAN KEMASYARAKATAN .66 Product Responsibility TANGGUNG JAWAB PRODUK SURAT PERNYATAAN ANGGOTA DIREKSI DAN ANGGOTA DEWAN KOMISARIS TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2016 The Boards of Directors’ and The Boards of Commissioners’ Statement of Responsibility for The 2016 Annual Report LAPORAN KEUANGAN KONSOLIDASIAN BESERTA LAPORAN AUDITOR INDEPENDEN TANGGAL 31 DESEMBER 2016 Consolidated Financial Statement With Independent Auditors’ Report As of 31 Desember 2016

IKHTISAR KINERJA Laporan Tahunan PT SLJ Global Tbk 2016 IKHTISAR DATA KEUANGAN PENTING Financial Highlights Angka pada tabel menggunakan notasi Bahasa Indonesia Numerical notation in the tables is in Bahasa Indonesia Format (Dalam Dolar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise specified)4 73.717 64.284 44.615 13.049 11.123 4.117 Million Million Million Million Million Million 2016 2015 2014 Pendapatan Usaha | Operating Revenues Laba Bruto | Gross Profit

Performance Highlights Annual Report PT SLJ Global Tbk 2016Angka pada tabel menggunakan notasi Bahasa Indonesia Numerical notation in the tables is in Bahasa Indonesia Format(Dalam Dolar AS, kecuali dinyatakan lain) (In US Dollar, unless otherwise specified) 5 6.167 8.927 1.154 91.571 85.015 72.672Million Million Million Million Million MillionTotal Laba (Rugi) Komprehensif | Total Comprehensive Income (Loss) Total Aset | Total Assets

INFORMASI PERDAGANGAN SAHAM Laporan Tahunan PT SLJ Global Tbk 2016INFORMASI PERDAGANGAN SAHAM PERSEROANDI BURSA EFEK INDONESIAInformation Trading of Shares of The Company inIndonesia Stock ExchangeJumlah saham yang dikeluarkan dari portepel The number of shares that have been issued fromPerseroan yang tercatat di PT Bursa Efek Indonesia (BEI) the portfolio of the Company and listed on thesaat ini berjumlah 3.111.401.022 saham. Indonesia Stock Exchange (IDX) is currently amounts to6 3.111.401.022 shares GRAFIK PERGERAKAN HARGA SAHAM Chart of Move on Shares Price

Information Trading of Shares Annual Report PT SLJ Global Tbk 2016GRAFIK VOLUME PERDAGANGAN DAN HARGA PENUTUPAN Chart of Trading Volume and Closing Price CLOSING PRICE TRADING VOLUME 7 GRAFIK KAPITALISASI PASAR Chart of Capitalization Market

WIJIASIH CAHYASASI President CommissionersLAPORAN DEWAN KOMISARISBoard of Commissioners’ ReportPara Pemegang Saham yang Terhormat, Dear Shareholders,Dengan berbagai upaya yang dilakukan Perseroan dalam For the last few years, the Company has made several effortsmemperbaiki kinerja operasional dan struktur keuangannya sejak in order to improve its operational performance and financialbeberapa tahun terakhir, kinerja tahun 2016 menunjukkan hasil structure, as the results, in year 2016, report in the Financialyang cukup menggembirakan sebagaimana tercermin dalam Statement showed a great achievements. Actual BusinessLaporan Keuangan Tahun Buku 2016. Realisasi Pendapatan Revenue in 2016 was USD. 73.72 millions ( equals to 97% of theUsaha Tahun 2016 tercapai USD. 73.72 juta (setara 97% dari target Targeted Plan which was USD. 75.85 millions ) or an increasedsebesar USD. 75.85 juta) atau meningkat 14.67% dari tahun 2015 by 14.67% from year 2015 which was USD. 64.28 millions, withsebesar USD. 64.28 juta, dengan laba operasional meningkat operational profit of USD. 13.05 millions, an increment of 17% from17% dari tahun 2015 menjadi USD. 13.05 juta. year 2015.

Management Report Annual Report PT SLJ Global Tbk 2016Walaupun demikian, tantangan akibat dari berbagai perubahan Nevertheless, challenges due to several factors of externalfaktor-faktor eksternal dalam jangka menengah tidak dapat uncertainty must also be taken into considerations. Given thatdikatakan ringan. Dalam hubungan dengan kondisi demikian, conditions, the Board of Commissary has given their supportsDewan Komisaris mendukung berbagai langkah dan kebijakan on various strategic business policies initiated by the Director forstrategis bisnis yang ditetapkan Direksi untuk tahun 2017 antara the year 2017 such as increase its production volume in orderlain meningkatkan volume produksi untuk memasuki pasar to enter non-traditional market, stay focus on producing highekspor non-tradisional dalam rangka mengimbangi penurunan quality products in order to get the customers’ trust, while alsoharga jual di pasar tradisional, tetap fokus pada produk yang operating its forest concession by implementing Sustainableberkualitas tinggi untuk menjaga kepercayaan konsumen, Forest Management principles.serta melakukan pengelolaan sumber daya bahan baku kayudengan prinsip kelestarian.Dengan kinerja cukup baik yang dicapai dalam tahun 2016 dan Based on a good performance achieved in 2016 and also aprogram kerja tahun 2017 yang cukup realistis Dewan Komisaris realistic plan in 2017, the Board of Commissary feels optimisticoptimis kinerja tahun 2017 dapat lebih baik dari tahun 2016 that the performance in year 2017 will be better than year 2016dengan catatan ketersediaan modal kerja yang cukup dan providing sufficient working capital, market conditions andkondisi pasar serta ekonomi global dan nasional yang tetap also a stable and condusive conditions on both national andkondusif serta memperoleh dukungan semua pihak terutama global economics and with the supports of all parties expeciallypemegang saham. shareholders.Kendati saat ini kondisi ekonomi global masih tetap diliputi Although the current global economy is still full of uncertainties,ketidakpastian, namun industri perkayuan dari produk yang the timber industry which its product comes from sustainableberasal dari hutan yang dikelola secara lestari masih memiliki management forest is still promising and has its market share.prospek dan pangsa pasar yang memadai.Dalam rangka penerapan Tata Kelola Perusahaan (Good In order to implement Good Corporate Governance with the principles of Transparancy, Accountability, Resposibility,Corporate Governance) dengan prinsip Transparansi, Independency and Fairness of all Company Activities and in accordance with the mandate of Regulation of Financial ServiceAkuntabilitas, Tanggung Jawab, Independensi dan Kewajaran Authority ( OJK ) No. 33/POJK.04/2014, since 2015 the Board of Commissioners’ applied “ Commissioners’ Action Charter “ and “atas semua aktivitas Perseroan dan sesuai dengan amanat Company Code of Ethic “.Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014, sejaktahun 2015 Dewan Komisaris memberlakukan “Piagam TindakKomisaris” dan “Kode Etik Perusahaan”.Dalam menjalankan tugas dan fungsinya, Dewan Komisaris To carry out its duties and functions, the Board of Commissioners’dibantu oleh Komite Audit yang memberikan usulan,rekomendasi atas hal-hal yang perlu dilakukan dan secara are being assisted by Audit Committee which providesrutin menyampaikan laporan kepada Dewan Komisaris antaralain mengenai hasil telaah yang dilakukan terhadap laporan suggestions, recommendations on issues need to be done andkeuangan, pelaksanaan tugas unit kerja Audit Internal dankinerja serta ketaatan Perseroan terhadap ketentuan dan routinely submitting reports to the Board of Commissioners’peraturan perundang-undangan yang berlaku. such as feedbacks after reviewing financial statements, results 9 from Internal Audit, company performance and also company compliance on the applicable laws and regulations .Selama tahun 2016 Dewan Komisaris menyelenggarakan Rapat In year 2016, the Board of Commissioners’ conducts 6 ( sixsebanyak 6 (enam) kali dengan tingkat kehadiran 100%. Sebagai ) meetings with 100% attendancy. As an efforts to increaseupaya untuk meningkatkan efisiensi dan kinerja, melaksanakan efficiency, performance and implementing strategy alongstrategi sekaligus pemberian arahan dalam mengatasi with giving some guidance in facing challenges and obstaclestantangan dan hambatan yang dihadapi Perseroan, Dewan faced by the Company. Board of Commissioners’ and Board ofKomisaris bersama Direksi secara berkala mengadakan rapat Directors’ periodically hold a meeting and in 2016 the meetingsdan selama tahun 2016 telah mengadakan rapat sebanyak 4 were held 4 ( four ) times.(empat) kali.Atas nama Dewan Komisaris, kami menyampaikan terima kasih On behalf of the Board of Commissioners’, we would like todan penghargaan kepada Direksi dan tim manajemen serta convey our gratitude as well as appreciation to the Board ofseluruh karyawan atas kerja keras yang dilakukan, dedikasi yang Directors’ and the management team and also to all employeestinggi dan kinerja yang dicapai dalam tahun 2016. Semoga for their hard work, high dedication and performance achievedrencana dan program kerja tahun 2017 yang telah dicanangkan in year 2016. Hope that the working plan for year 2017 which wasdapat dilaksanakan dengan baik untuk mencapai hasil yang set will be well executed in order to achieve a better results thanlebih baik dari tahun 2016. year 2016.Sebagai penutup laporan ini, kepada para Pemegang Finally, we would like to thanks our shareholders for the trustSaham kami menyampaikan terima kasih atas kepercayaan given to us to carry out all the supervisings and directions of theyang diberikan untuk menjalankan fungsi pengawasan dan Company.pengarahan di Perseroan.Semoga Tuhan Yang Maha Kuasa senantiasa menyertai kita May God Almighty always be with us all and give us strength insemua serta memberikan kekuatan dalam menghadapi facing all challenges in the future.tantangan di masa depan. Atas nama Dewan Komisaris On behalf of The Board of Commissioners’ WIJIASIH CAHYASASI Presiden Komisaris | President Commissioner

AMIR SUNARKO President DirectorLAPORAN DIREKSIBoard of Directors’ Report

Management Report Annual Report PT SLJ Global Tbk 2016Para Pemegang Saham yang kami hormati, Dear Shareholders,KINERJA PERUSAHAAN TAHUN 2016 COMPANY PERFORMANCE IN 2016Berbagai tantangan dan perubahan telah kami lalui We have gone through various challenges anddi tahun 2016. Kondisi perekonomian dunia maupun changes in 2016. Both the country and worldtanah air terus memberikan tantangan tersendiri economic conditions are continuosly giving itsbagi kami. Disamping itu, banyak perubahan struktur challenges. Besides, many structural managementpengelolaan yang telah dilakukan sepanjang changes has been undertaken throughtout the yeartahun dalam rangka peningkatan kualitas untuk for improving quality in order to achieve a moremencapai pengelolaan usaha yang lebih efektif effective and sustainable business management.dan berkelanjutan. Firstly, we would to express our outmost gratitudeMengawali Laporan Direksi ini, kami mengucapkan to the Shareholders for the trust and supports given to us in all efforts that has been executed by theterima kasih yang sebesar-besarnya kepada Management in order to maintain its business and continuously giving efforts in improving operationalpara Pemegang Saham atas kepercayaan dan performance as well as Company Financial Structure.dukungan yang telah diberikan kepada kami dalam In year 2016, all Business units has carried out theirsegala upaya yang telah dilakukan Manajemen operations well, except Medium Density Fiberboard ( MDF ) business unit which has been stop operatinguntuk terus mempertahankan jalannya usaha serta until now. In total of year 2016, the company has booked Business Revenue of USD. 73.72 millionsupaya yang terus-menerus dalam memperbaiki or about 97% of the Annual Target of USD. 75.85 millions. An increased on 14,7% from year 2015kinerja operasional dan struktur keuangan which was USD. 64.28 Millions. Overall in year 2016, the company recorded Total Comprehensive ProfitPerseroan. of USD. 6.17 millions , less than year 2015 which was recorder USD. 8.93 millions.Pada tahun 2016 seluruh unit usaha dapat 11menjalankan operasionalnya dengan baik, kecuali WORK PLAN AND BUSINESS PROSPECTSunit usaha Medium Density Fiberboard (MDF)yang belum beroperasi sampai saat ini. Secara In year 2016, Plymill industry produces productionkeseluruhan pada tahun 2016 Perseroan berhasil volume of 116,100 m3 from target of 120,000 m3membukukan Pendapatan Usaha sebesar USD. with total sales of 112,075 m3. While Business Unit73.72 juta atau sekitar 97% dari target Annual Plan of Forest Management recorded a production2016 yang dicanangkan yakni sebesar USD. 75.85 volume of 140,875 m3 from target of 205,000 m3,juta, atau meningkat sebesar 14.67% dibandingkan meanwhile Power Plant Business unit maintains itsPendapatan Usaha Perseroan tahun 2015 yakni stable production as last year which was 153 millionsebesar USD. 64.28 juta. Secara keseluruhan kWh from its plan of 158.4 millions kWh.Perseroan di tahun 2016 mencatat Total LabaKomprehensif sebesar USD. 6.17 juta, lebih kecil Based on the achievements in 2016, we are aimingdibandingkan dengan tahun 2015 yang mencatat at increasing production ouput and sales to 130,000sebesar USD. 8.93 juta. m3 for year 2017 to offset the dropping of selling price so that the company revenues is not goingRENCANA KERJA DAN PROSPEK USAHA down drastically. As an illustrations – average plywood selling price in year 2015 was FOB USD. 627Pada tahun 2016 Industri Plywood (Divisi Plymill) down to USD. 574 in year 2016, thus in year 2017 wemenghasilkan volume produksi sebesar 116.100 assume the price of USD. 520.m3 dari target sebesar 120.000 m3 dengan totalpenjualan (sales) sebesar 112.075 m3. Sementaraunit usaha Pengelolaan dan Pemanfaatan HutanKayu Alam tercatat mengalami penurunan totalvolume produksi yakni sebesar 140.875 m3 daritarget 205.000 m3, sedangkan untuk unit usahaPower Plant tetap menjaga kestabilan produksinyaseperti tahun sebelumnya yakni sebesar 153 jutakWh dari total rencana 158.4 juta kWh.Berdasarkan pencapaian tahun 2016, volumeproduksi dan penjualan plywood kami targetkannaik ke 130.000 m3 untuk tahun 2017 mengimbangipenurunan harga jual agar pendapatanperusahaan tidak menurun secara drastis. Sebagaigambaran harga jual FOB rata-rata plywood tahun2015 USD. 627 turun menjadi USD. 574 di tahun 2016,sehingga kami membuat asumsi harga USD. 520 ditahun 2017.

12 LAPORAN MANAJEMEN Laporan Tahunan PT SLJ Global Tbk 2016 Pencapaian target yang diproyeksikan pada The projected achievement target in 2017 Annual Annual Plan tahun 2017 tentunya tergantung Plan is depending on the adequacy of working pada kecukupan modal kerja, kondisi pasar dan capital, market conditions and continuity of raw kelancaran bahan baku, terpenuhinya pengeluaran materials, the fulfillment of capital expenditures modal untuk menggantikan mesin-mesin serta tidak to replace its machineries and also unexpected terjadi hal-hal di luar kendali Perseroan yang dapat external issues which is beyond the Company mempengaruhi usaha Perseroan. controls which can affects the Company’s business. Terlepas dari minimnya modal kerja yang dialami Regardless of the insufficient of working capitals Perseroan saat ini serta di tengah ketidakpastian and also the uncertainties of national and global ekonomi global dan nasional, kami berkeyakinan economics, we believe that the products derived bahwa produk yang berasal dari hutan yang from sustainable managed forest still have its own dikelola secara lestari masih memiliki pangsa pasar market share. tersendiri. Dear Shareholders, Para Pemegang Saham yang Kami Hormati, Plywood and processed plywood products are still Produk kayu lapis dan kayu lapis olahan masih the Company main product to provide the largest menjadi andalan untuk memberikan kontribusi contribution for the Company’s Business Revenue. terbesar pada Pendapatan Usaha Perseroan. Nevertheless, the Power Plant is also giving a good Namun demikian Power Plant juga memberikan promising in the near future. This Business Unit harapan yang cukup baik di masa mendatang. besides providing power supply to the community Unit usaha ini disamping akan mempertahankan through the State Electricity Company ( PLN ), it daya suplai listrik kepada masyarakat melalui also distributes electricity to private sector whose Perusahaan Listrik Negara (PLN), juga distribusi listrik location is not yet reached by PLN in the province ke pihak swasta yang lokasinya belum terjangkau of East Kalimantan. listrik dari PLN di wilayah Propinsi Kalimantan Timur. Currently, the Company is planning to convert its Saat ini Perseroan sedang merancang perubahan fuel consumption from coal to biomass in order penggunaan bahan bakar dari batu bara ke to expand its Power Plant Business. Currently the biomassa untuk pengembangan bisnis Pembangkit Company is looking for potential investors to fund Listrik. Dimana saat ini Perseroan sedang mencari the plan of increasing its power capacity from 22.5 calon investor potensial untuk mendanai rencana MW to 32.5 MW. peningkatan kapasitas pembangkit tenaga listrik setidaknya dari 22.5 MW menjadi 32.5 MW. Dear Shareholders, Para Pemegang Saham yang Kami Hormati, For Natural Forest Management, Company has proposed the extension of Business License for Dalam Pengelolaan Hutan Alam, Perseroan telah Managing and Utilization of Natural Forest Timber mengajukan perpanjangan Izin Usaha Pengelolaan Forest Products ( IUPHHK – HA ) of subsidiary of PT dan Pemanfaatan Hasil Hutan Kayu – Hutan Alam Essam Timber covering an area of + 288,000 ha and (IUPHHK-HA) anak perusahaan yakni PT Essam PT Sumalindo Lestari Jaya V covering an area of Timber seluas + 288.000 Ha dan PT Sumalindo Lestari + 59,000 ha which both concessions are located in Jaya unit V seluas ± 59.000 Ha yang mana kedua the island of Kalimantan. lokasinya berada di pulau Kalimantan. Plan to relocate MDF Industry to the areas with Rencana melakukan relokasi Industri MDF ke wilayah sufficient, economical and sustainable sources of yang memiliki sumber bahan baku kayu yang cukup raw materials has not been realized. The Company dan ekonomis serta berkesinambungan belum juga has not found any strategic partner whom has the terealisasi. Perseroan belum menemukan strategic same vision and mission to develop MDF Products partners yang memiliki visi dan misi yang sama untuk and also having funding capabilities. mengembangkan produk MDF sekaligus memiliki kemampuan pendanaan. For the settlement of credit re-structuring with PT Bank CIMB Niaga Tbk, the Board of Directors’ will Dalam rangka penyelesaian restrukturisasi kredit propose for an extension with the right option of dengan PT Bank CIMB Niaga Tbk, Direksi akan converting the loan into Company shares together mengajukan permohonan perpanjangan hak with its implementation. opsi konversi utang ke saham sekaligus dengan pelaksanaannya.

Management Report Annual Report PT SLJ Global Tbk 2016PENERAPAN TATA KELOLA PERUSAHAAN APPLICATION OF COOPERATE GOVERNANCESalah satu pedoman yang senantiasa ditegakkan One of the Company guidelines is to uphold the principles of good governance in managing itsPerseroan adalah menjunjung tinggi prinsip- business as well as in all activities on every level in the organization. However, the Company alsoprinsip tata kelola yang baik dalam mengelola ensures that the principles of accountability, responsibility and fairness and those are establishedusaha serta seluruh aktifitas pada setiap jenjang by the Company to be implemented throughout the organization. In the past few years Companyorganisasi. Namun Perseroan juga tetap has established a strong foundation in implementing Corporate Governance principles, among others,memastikan bahwa prinsip-prinsip akuntabilitas, by improving the Standart Operationing Procedures (SOPs) and metting all the provisions which becometanggung jawab dan keadilan serta yang the basis for the governance implementation.ditetapkan Perseroan diimplementasikan di Dear Shareholders,seluruh organisasi. Dalam beberapa tahun terakhir On behalf of the Board of Directors’, we would like convey our outmost gratitude to the Board ofPerseroan telah menetapkan landasan yang kuat Commissioners’ for providing guidance and support to us in managing the Company, as well as to alldalam penerapan prinsip tata kelola perusahaan, employees for their dedication and contributions which result is a good performance in year 2016.antara lain dengan perbaikan Standard Operating We also would like to express our gratitude to allProcedure (SOP) dan memenuhi semua ketentuan Shareholders, Creditors, Partners and Stakeholders who have given trust and supports both directly onyang menjadi dasar penerapan tata kelola. indirectly to achieve a smooth operation for the Company and its Subsidiaries.Para Pemegang Saham yang kami hormati, All efforts that has been carried out by ManagementAtas nama Direksi, kami mengucapkan terima in year 2016, giving us more confidence andkasih kepada Dewan Komisaris yang telah optimism. And we also hope that for the coming yearsmemberikan arahan dan dukungan kepada kami the Company will continuously achieving a betterdalam mengelola Perseroan, serta kepada seluruh performance to maintain its business continuity andkaryawan atas dedikasi dan kontribusinya sehingga also to improve Company performance and itsmenghasilkan kinerja Perseroan yang cukup baik di subsidiaries. May God the Almigthy always bless alltahun 2016. our endeavors. Amin.Kami juga menyampaikan terima kasih kepada As such this report of the Board of Directors’ is 13para Pemegang Saham, Kreditor, Mitra Kerja, dan presented. As for more details, we can see more inpemangku kepentingan yang telah memberikan our Annual Report for Fiscal Year of 2016.kepercayaan dan dukungan baik langsungmaupun tidak langsung pada kelancaran usahaPerseroan dan anak perusahaan.Segala daya upaya yang telah dilakukanManajemen dalam pencapaian tahun 2016,semakin memberikan keyakinan serta rasaoptimis. Dan kami berharap pada tahun yangakan datang Perseroan akan terus memberikankinerja yang lebih baik lagi untuk terus mampumempertahankan keberlangsungan usahanyabahkan dapat meningkatkan kinerja Perseroan dananak perusahaan. Semoga Tuhan Yang Maha Esasenantiasa memberkati usaha kita semua, aamiin.Demikian Laporan Direksi ini disampaikan,selanjutnya Bapak dan Ibu sekalian dapat melihatlebih lengkap dalam Laporan Tahunan kami untukTahun Buku 2016. Atas nama Direksi On behalf of The Board of Directors’ AMIR SUNARKO Presiden Direktur | President Director

PROFIL PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 The Unit I Power Plant14 Located In Tanjung Harapan Plymill Industry Located In Samarinda

Company Profile Annual Report PT SLJ Global Tbk 2016RIWAYAT SINGKAT PERSEROANA Brief History of The CompanyPerseroan didirikan pada tanggal 14 April 1980 dengan The Company was established on April 14th, 1980 undernama PT Sumalindo Lestari Jaya. Sesuai Anggaran the name of PT Sumalindo Lestari Jaya. In accordanceDasar secara garis besar Perseroan berusaha di bidang with the Articles of Association, the Company is primarilykehutanan, perindustrian dan bidang pertambangan. engaged in forestry, industry and mining.Berdasarkan keputusan RUPS-LB Perseroan tanggal 18 Based on the resolution of the Company’s ExtraordinaryDesember 2012, Perseroan berganti nama menjadi PT SLJ General Meeting of Shareholders which was held onGlobal Tbk dan telah mendapatkan pengesahan dari December 18th, 2012, the Company changed its nameMenteri Hukum dan Hak Asasi Manusia Republik Indonesia to PT SLJ Global Tbk. and has received the approval ofsebagaimana tertuang dalam Surat Keputusan Nomor the Minister of Justice and Human Rights of the RepublicAHU-25591.AH.01.02.Tahun 2013 tertanggal 14 Mei 2013. of Indonesia as stated in Decree of Minister No. AHU- 25591.AH.01.02.Tahun 2013 dated on May 14th, 2013.Sejak awal dibentuk, Perseroan mengkhususkan Since its inception, the Company specializes in forestrydiri di bidang kehutanan dan industri perkayuan and timber industry by managing 1 (one) area of IUPHHK- HA (d/h: Forest Concession) with area of 132.000 Ha anddengan mengelola 1 (satu) areal IUPHHK-HA (d/h: Hak plywood factory with a production capacity of 66.000 m3/year. In line with business growth, through variousPengusahaan Hutan) seluas 132.000 Ha dan pabrik corporate actions including business merger, acquisition, additional investment and divestment, currently thekayu lapis dengan kapasitas produksi 66.000 m3/ Company has an installed plywood plant with the capacity of of 190,000 m3/year and MDF (Medium Densitytahun. Sejalan dengan berkembangnya usaha, melalui Fiberboard) plant with the capacity of 200.000 m3/year. The Company and its subsidiaries currently manage 6berbagai corporate action antara lain penggabungan (six) natural forest areas covering an area of 840.500 Ha including IUPHHK-HA on behalf of PT Essam Timber whichusaha, akuisisi, penambahan investasi dan juga divestasi, is still awaiting for the license extension from the Minister of Environment and Forestry. In addition, the other businesssaat ini Perseroan memiliki pabrik kayu lapis berkapasitas unit is Power Plant, which is managed by its subsidiary, PT Kalimantan Powerindo (PT.KP) with a total capacity ofterpasang sebesar 190.000 m3/tahun dan pabrik MDF 22.5 MW.(Medium Density Fiberboard) berkapasitas terpasang In March 1994 for the first time the Company conducted a Public Offering for 25.000.000 registered common200.000 m3/tahun. Perseroan dan anak perusahaan saat shares, to the public and listed all shares issued by the Company on the Jakarta Stock Exchange (s/i: PT Bursaini mengelola 6 (enam) areal hutan alam seluas 840.500 Efek Indonesia). 15Ha termasuk IUPHHK-HA atas nama PT Essam Timber Through several Right Issues, offering of warrants and conversion of debt into share capital, the number ofyang masih menunggu perpanjangan izin dari Menteri shares issued from the Company’s portfolio and listed on the Indonesia Stock Exchange (IDX) currently is amountingLingkungan Hidup dan Kehutanan. Selain itu unit usaha to 3.111.401.022 shares.lain adalah pembangkit listrik (Power Plant), yang dikelola In 2002 PT Astra International Tbk at that time as the Company majority shareholder (75%) sold all of itsoleh anak perusahaan yakni PT Kalimantan Powerindo shares to PT Sumber Graha Sejahtera (PT.SGS). PT.SGS is a Company which has been engaged in timber industry(PT.KP) berkapasitas total 22.5 MW. for a long time, which before releasing its entire share ownership, it was recorded to have 24.63% shares of allPada bulan Maret 1994 untuk pertama kalinya Perseroan shares issued from the Company portfolio.melakukan Penawaran Umum sebanyak 25.000.000saham biasa atas nama, kepada masyarakat dan In November 2016 Mr. Amir Sunarko as the Presidentmencatatkan seluruh saham yang telah dikeluarkan Director of the Company made a purchase transactionPerseroan di Bursa Efek Jakarta (s/i: PT Bursa Efek of all shares owned by PT.SGS (24.63%) in the CompanyIndonesia). through a mechanism in the negotiation market of the Indonesia Stock Exchange.Melalui beberapa kali Penawaran Umum Terbatas (RightIssue), penawaran waran serta konversi utang menjadimodal saham, jumlah saham yang telah dikeluarkandari portepel Perseroan dan tercatat di PT Bursa EfekIndonesia (BEI) saat ini berjumlah 3.111.401.022 saham.Pada tahun 2002 PT Astra International Tbk pada saatitu selaku pemegang saham mayoritas Perseroan (75%)menjual seluruh kepemilikan sahamnya kepada PTSumber Graha Sejahtera (PT.SGS). PT.SGS adalah suatuPerseroan yang telah cukup lama berkecimpung dibidang industri perkayuan, dimana sebelum melepaskanseluruh kepemilikan sahamnya, tercatat memiliki 24.63%saham dari seluruh saham yang dikeluarkan dari portepelPerseroan.Pada November 2016 Bapak Amir Sunarko selaku PresidenDirektur Perseroan melakukan transaksi pembelian seluruhsaham yang dimiliki PT.SGS (24.63%) di Perseroan melaluimekanisme di pasar negosiasi Bursa Efek Indonesia.

PROFIL PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 STRUKTUR PERUSAHAAN DAN ANAK PERUSAHAAN Structure of the Company and Subsidiaries16 Kantor Pusat : Head Office : RDTX Tower, Lantai 19 RDTX Tower, 19th Floor Jl. Prof. Dr. Satrio Kav. E IV/6, Jl. Prof. Dr. Satrio Kav. E IV/6, Mega Kuningan, Setiabudi Mega Kuningan, Setiabudi Jakarta Selatan – 12950 Jakarta Selatan – 12950 Indonesia Indonesia PO. BOX 3396 PO. BOX 3396 Telepon : +62-21 576 1188, 576 1199 Telepon : +62-21 576 1188, 576 1199 Faksimili : +62-21 577 1818 Facsimile : +62-21 577 1818 Email : [email protected] Email : [email protected] Website : www.sljglobal.com Website : www.sljglobal.com Kantor Operasional : Operational Office : Jl. Dr. Cipto Mangunkusumo Jl. Dr. Cipto Mangunkusumo Sengkotek, Loa Janan Ilir, Samarinda Sengkotek, Loa Janan Ilir, Samarinda Kalimantan Timur – 75391 Kalimantan Timur – 75391 Indonesia Indonesia Telepon : +62-541 262 220, 262 333, 262 696, 260 123, Telepon : +62-541 262 220, 262 333, 262 696, 260 123, 260 256, 260 863, 260 941, 263 372, 260 256, 260 863, 260 941, 263 372, 263 740 263 740 Faksimili : +62-541 260 821 Facsimile : +62-541 260 821

Company Profile Annual Report PT SLJ Global Tbk 2016INFORMASI ANAK PERUSAHAANSubsidiaries Information PT ESSAM TIMBERPT KARYA WIJAYA SUKSES Bergerak di bidang Pengelolaan Hutan Alam (IUPHHK-HA dalam proses perpanjangan diBergerak di bidang Pengelolaan Hutan Alam. Didirikan Kementerian Lingkungan Hidup dan Kehutanan).7 Februari 1998. Diakuisisi oleh Perseroan efektif pada Diakuisisi oleh Perseroan efektif pada 12 Juni 2008.3 November 2006. Komposisi kepemilikan saham : Komposisi kepemilikan saham : Perseroan 99.99%Perseroan 98.00% dan Pribadi 2.00%. Berdomisili di dan PT Kalimantan Powerindo 0.01%. Berdomisili diJl. Dr. Cipto Mangunkusumo, Sengkotek, Loa Janan, Jl. Dr. Cipto Mangunkusumo, Sengkotek, Loa Janan,Samarinda, Kalimantan Timur. Samarinda, Kalimantan Timur.This company is engaged in Natural ForestManagement. Established in February 7, 1998, it was This company is engaged in natural foresteffectively acquired by the Company on November management (IUPHHK-HA is in the process or3, 2006. Shares composition: Company 98.00% and extension). Effectively acquired by the Company onPrivate Individuals 2.00%. This company is domiciled 12 June, 2008. With shares composition : Companyat Jl. Dr. Cipto Mangunkusumo, Sengkotek, Loa holding 99,99% and PT Kalimantan PowerindoJanan, Samarinda, East Kalimantan. 0,01%. This company is domiciled at Jl. Dr. Cipto Mangunkusumo, Sengkotek, Loa Janan, Samarinda, PT KALIMANTAN POWERINDO East Kalimantan. Bergerak di bidang Industri Sumber Energi Listrik PT SULI INTI RESOURCE (Power Generation). Didirikan 28 Agustus 2001. Diakuisisi Perseroan pada 16 Agustus 2006. Komposisi Bergerak di bidang Pertambangan (kegiatan saat 17 kepemilikan saham : Perseroan 99.99% dan Pribadi ini dalam proses mendapatkan lokasi perijinan 0.01%. Berdomisili di RDTX Tower, Lantai 19, Jl. Prof. Dr. pertambangan). Didirikan 21 Oktober 2010. Satrio Kav. E IV/6 Mega Kuningan, Jakarta Selatan. Komposisi kepemilikan saham : Perseroan 99.20% dan This company is engaged in power plant industry. Koperasi Karyawan Lestari 0.80%. Berdomisili di RDTX Established on 28 August 2001. It was acquired Tower, Lantai 19, Jl. Prof. Dr. Satrio Kav. E IV/6 Mega by the Company on 16 August, 2006. With shares Kuningan, Jakarta Selatan. composition : Company holding 99,99% and 0,01% are held by private individuals. This company is This company is engaged in mining (in the process domiciled at Menara Bank Danamon, 19th Floor, of securing location and obtaining mining permit). Jl. Prof. Dr. Satrio Kav. E IV/6 Mega Kuningan, South Established on 21 October 2010. With shares Jakarta. composition : company holding 99,20% and Koperasi Kayawan Lestari 0,80%. This company is domiciled atPT NITYASA PRIMA (TIDAK AKTIF | IDLE) Menara Bank Danamon, 19th Floor, Jl. Prof. Dr. Satrio Kav. E IV/6 Mega Kuningan, South Jakarta. Memiliki aset berupa areal tanah. Didirikan 24 Agustus 1990. Komposisi kepemilikan saham : PT INTI PRONA (TIDAK AKTIF | IDLE) Perseroan 99.90% dan Koperasi Karyawan Lestari 0.10%. Berdomisili di RDTX Tower, Lantai 19, Jl. Prof. Dr. Anak perusahaan ini secara kepemilikan saham Satrio Kav. E IV/6 Mega Kuningan, Jakarta Selatan. dimiliki Perseroan 99.00%. Perusahaan ini dahulu Having the assets of plots of land. Established on 24 memiliki Ijin Pengelolaan Hutan Alam berlokasi di August 1990. With shares composition : Company Propinsi Riau seluas 74.500 Ha yang ijinnya tidak holding 99,90% and Koperasi Karyawan Lestari diperpanjang lagi sejak berakhir pada tahun 2001 0,10%. This company is domiciled at Menara Bank dengan berakhirnya ijin tersebut perusahaan ini tidak Danamon, 19th Floor, Jl. Prof. Dr. Satrio Kav. E IV/6 aktif lagi dan tidak direncanakan untuk diaktifkan Mega Kuningan, South Jakarta. kembali. 99,00% of the shares of this subsidiary are held by the Company. This company previously held natural forest exploitation permit in Riau Province with an area having the size of 74.500 hectares in which the said permit is not extended after being expired in 2001. Upon the expiry of the said permit, the company is no longer active, but there is no a plan to activate this company.

PROFIL PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 SUMBER DAYA Resources Pengelolaan Sumber Daya Hutan Alam Management of Natural Forest Resources Konsistensi menjaga komitmen dalam hal penerapan prinsip-prinsip pengelolaan hutan alam berkelanjutan TThe consistency to maintain the commitment in sesuai standar yang ditetapkan oleh Kementerian implementing the principles of sustainable natural Lingkungan Hidup dan Kehutanan, serta standar forest management in accordance with the standards pengelolaan hutan alam yang diakui tingkat dunia determined by the Ministry of Environment and Forestry, akan terus diupayakan dengan sungguh-sungguh oleh as well as the natural forest management standards Perseroan dan anak perusahaan. Dengan demikian which is recognized worldwide will continue to be seriously akan terus terjadi keseimbangan antara pemenuhan pursued by the Company and its subsidiaries. Thus, there bahan baku dari hutan alam untuk jangka panjang will be a balance between the fulfilment of raw materials dengan kelestarian hutan alam itu sendiri. from natural forests for long term and the sustainability of Perseroan dan anak perusahaan mengelola 6 (enam) natural forest itself. unit IUPHHK-HA (Izin Usaha Pengelolaan Hasil Hutan Kayu The Company and its subsidiaries are managing 6 (six) units of IUPHHK-HA (Business License for Management – Hutan Alam) dengan total luas areal 840.500 hektar. and Utilization of Natural Forest - Timber Forest Products) with a total area of 840,500 hectares. Berikut tabel areal–areal hutan alam yang dikelola oleh The following is the table of natural forest areas managed Perseroan dan anak perusahaan : by the Company and its subsidiaries:18 *) Masa berlaku IUPHHK-HA telah berakhir pada tanggal 22 Juni 2012. *) The forest concession right validity period has expired on june 22, 2012. PT Essam Timber telah mengajukan permohonan perpanjangan kepada PT Essam Timber has filed an application for renewal to the Ministry of Life Menteri Lingkungan Hidup dan Kehutanan melalui suratnya tanggal Environment and Forestry through its letters dated March 26, 2010, May 3, 26 Maret 2010, 3 Mei 2012 dan 27 November 2012. Pada tanggal 22 2012 and November 27, 2012. On September 22, 2016, PT Essam Timber September 2016, PT Essam Timber telah memperoleh Surat Persetujuan has obtained Principle Approval Letter (RATTUSIP) renewal IUPHHK-HA with Prinsip (RATTUSIP) perpanjangan IUPHHK-HA dengan area yang disetujui approved area of + 288.430 Hectars and has submitted the geographic seluas + 288.430 Hektar dan telah menyampaikan koordinat geografis coordinates of the boundary area and environmental permits on batas areal dan izin lingkungan masing-masing pada tanggal 15 Desember December 15, 2016 and January 23, 2017, respectively, to the Investment 2016 dan 23 Januari 2017 kepada Badan Koordinasi Penanaman Modal. Coordinating Board. Until now, the renewal is still under process in the Sampai dengan saat ini, perpanjangan tersebut masih dalam proses di Ministry of Life Environment and Forestry. Kementerian Lingkungan Hidup dan Kehutanan. **) On February 18, 2016, the Company has filed an application for renewal **) Pada tanggal 18 Februari 2016, Perseroan mengajukan permohonan the forest concession rights of SLJ Unit V to the Ministry of Life Environment perpanjangan IUPHHK-HA SLJ Unit V kepada Menteri Lingkungan and Forestry. On February 3, 2017, the Company has obtained Principle Hidup dan Kehutanan. Pada tanggal 3 Februari 2017, Perseroan telah Approval Letter (RATTUSIP) renewal IUPHHK-HA with approved area of memperoleh Surat Persetujuan Prinsip (RATTUSIP) perpanjangan IUPHHK- + 59.990 Hectares. Until now, the Company has not yet submitted the HA dengan area yang disetujui seluas + 59.990 Hektar. Sampai dengan geographic coordinates of the boundary are and environmental permits saat ini, Perseroan belum menyampaikan koordinat geografis batas areal to the Investment Coordinating Board. dan izin lingkungan kepada Badan Koordinasi Penanaman Modal. BRIK-VLK-0015-R1 DM P52006 TT-COC-003748 CE : 1224-CPR-0653 DM P52007 TPC 6/CARB-ATCM/M002-HWPW002

Company Profile Annual Report PT SLJ Global Tbk 2016 SERTIFIKAT Certificate• INDUSTRI KAYU LAPIS | Plymill Industry• PENGELOLAAN HUTAN ALAM | Natural Forest Management 19 012.SVLK.010-IDN.03.13Piagam Penghargaan Peringkat Hijau PROPER Peringkat Hijau 001.PHPL.019 - IDN.016.13 001.PHPL.019 - IDN.016.13 SGS-CW/FM-010986 009.SVLK.010-IDN.03.13 011.SVLK.010-IDN.03.13 PT Sumalindo Lestari Jaya II PT Sumalindo Lestari Jaya II

PROFIL PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 Sumber Daya Manusia Human Resources Perkembangan bisnis kami sangat ditentukan oleh kemampuan The development of our business is determined by our ability to kami dalam mengembangkan sumber daya manusia sebagai develop human resources as one of the assets (capital) of the salah satu aset (capital) perusahaan. Keputusan untuk company. The decision to implement a strategic policy which menjalankan kebijakan strategis yang mengarah pada sasaran- leads to the strategic objectives of the Company is also directly sasaran strategis Perseroan juga berhubungan langsung dengan related to human capital. The action plan and the allocation of human capital. Penyusunan rencana tindakan serta alokasi qualified human capital will increase the likelihood to achieve kekuatan human capital yang mumpuni akan meningkatkan the predetermined targets. kemungkinan untuk mencapai sasaran-sasaran yang telah ditetapkan. The last few years management’s evaluation towards the adjustment of the required permanent workforce with the Evaluasi yang dilakukan Manajemen beberapa tahun terakhir production volume target, was quite successful in reducing fixed terhadap penyesuaian jumlah tenaga kerja tetap yang costs in labor costs post. In 2016 and 2015, business Group has dibutuhkan dengan target volume produksi, cukup berhasil permanent employees of approximately 327 persons and 341 menekan biaya tetap pada post biaya tenaga kerja. Pada persons (unaudited) respectively. tahun 2016 dan tahun 2015, Grup usaha mempunyai karyawan tetap masing-masing sekitar 327 orang dan 341 orang (tidak The prospect of company’s industry is still very good although diaudit). the level of competition is also getting more intense. However, we realize that growth opportunities are always available and Prospek industri Perseroan masih sangat bagus walaupun are still wide open. Therefore we always strive to manage each tingkat kompetisi juga menjadi semakin tinggi. Namun, kami of company’s resources effectively and always lead to the menyadari bahwa peluang pertumbuhan selalu tersedia dan creation of smart innovations in order to produce excellent masih terbuka sangat lebar. Oleh karena itu kami senantiasa and sustainable performance, so that sustainable growth mengelola setiap sumber daya perusahaan dengan efektif dan opportunities can be achieved to the maximum extent. senantiasa mengarah pada penciptaan inovasi-inovasi cerdas untuk menghasilkan kinerja prima dan berkesinambungan, sehingga peluang pertumbuhan yang berkelanjutan dapat diraih dengan maksimal.20 Employee of Functional Division Located in Samarinda Komposisi Karyawan Perseroan Berdasarkan Usia Employee Composition Based on Ages 2016

Company Profile Annual Report PT SLJ Global Tbk 2016Komposisi Karyawan Perseroan Berdasarkan Jenjang PendidikanEmployee Composition Based on Education 2016Komposisi Karyawan Perseroan Berdasarkan Jenjang Jabatan S2 4Employee Composition Based on Positions 44 S1 51 196 Diploma 32 SMA atau sederajat 3 44 Dibawah SMA 280 JENJANG PENDIDIKAN 2016 Direksi Manajer Non Manajer JABATAN 21 Employee of Functional Division Located in SamarindaKomposisi Karyawan Perseroan Berdasarkan Jenis KelaminEmployee Composition Based on GenderJENIS KELAMIN TAHUN | Years 2016 Gender 2016 2015 2016 302 Pria | Male 295 Wanita | Female 32 39 327 341 295 32Komposisi Karyawan Perseroan Berdasarkan Status KepegawaianEmployee Composition Based on Employment Status 327

PROFIL PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 Pelatihan dan Pengembangan Training and Development Untuk mengatasi perubahan lingkungan dan organisasi To cope with dynamic environmental and organizational yang dinamis dan mampu menjawab tuntutan bisnis, changes as well as to be able to respond to business demands, kami berkomitmen melaksanakan program pelatihan dan we are committed to implement the human resource training pengembangan sumber daya manusia dengan profesional. and development programs in professional manner. The training Program pelatihan dan pengembangan dirancang berdasarkan and development programs are designed based on a defined model kompetensi yang telah ditetapkan dan bertujuan untuk competency model and are aimed to meet the existing memenuhi kesenjangan kompetensi yang ada. Program ini gaps of competency. These programs include competency mencakup peningkatan kompetensi yang bersifat teknis, improvement in terms of technical, managerial, and certification manajerial, maupun keahlian sertifikasi. expertise. Manajemen menyadari betul bahwa konsistensi pengelolaan The management is well aware that the consistency on forest management based on sustainability principles is an obligation hutan berdasarkan prinsip-prinsip kelestarian merupakan suatu that must be maintained and developed. Therefore, the Company and its subsidiaries continue to improve the capabilities kewajiban yang harus dipertahankan dan dikembangkan. Oleh of their Human Resources (employees) in the sector of forest management as well as the plywood industry. In addition to karenanya Perseroan dan anak perusahaan terus meningkatkan cooperate along with non-profit organizations which share similar concerns regarding forest sustainability (conservation) and the kemampuan Sumber Daya Manusia (karyawan) di bidang use of timber raw materials sourced from sustainably managed forests, the Company regularly engages its employees in any pengelolaan hutan dan juga industri kayu lapis. Disamping trainings, whether carried out internally, by government or other private parties. bekerjasama dengan organisasi-organisasi nirlaba yang memiliki concern yang sama terhadap kelestarian hutan dan penggunaan bahan baku kayu bersumber dari areal hutan yang dikelola secara lestari, Perseroan secara rutin mengikutsertakan karyawan-karyawannya pada setiap pelatihan baik yang dilakukan di internal, Pemerintah maupun pihak swasta lainnya.22 Pada tahun 2016 Perseroan melaksanakan pelatihan karyawan Management Trainee PT SLJ Global Tbk di Divisi Natural Forest Management, Plymill dan Power Located In Samarinda Generation serta Fungsional sebagai berikut: 1. Pelatihan Tenaga Teknis (Ganis) Pengelolaan Hutan Produksi In 2016 the Company conducts employee training in the Division of Natural Forest Management, Ply mill and Power Generation Lestari – Canhut. and Functional as follows: 2. Pelatihan Tenaga Teknis (Ganis) Pengelolaan Hutan Produksi 1. Technical Manpower Training for Sustainable Production Lestari – Nenhut. Forest Management – Forest Planning. 3. Pelatihan Tenaga Teknis (Ganis) Pengelolaan Hutan Produksi 2. Technical Manpower Training for Sustainable Production Lestari – Binhut. Forest Management – Forest Harvesting. 4. Pelatihan Tenaga Teknis (Ganis) Pengelolaan Hutan Produksi 3. Technical Manpower Training for Sustainable Production Lestari – Kurpet. Forest Management – Forest Development. 5. Pelatihan Reduce Impact Logging (RIL). 4. Technical Manpower Training for Sustainable Production 6. Pelatihan Ahli K3 Umum. Forest Management – Measurement and Mapping. 7. Pelatihan RIL Modul 1 “Pemetaan Topografi dan Posisi 5. Training for Reduce Impact Logging (RIL). Pohon”. 6. Expert Training for General Occupational Health and Safety 8. Pelatihan Lacak Balak. 9. Pelatihan Legal Source. (OHS). 10. Pelatihan Penggunaan Merk Dagang FSC. 7. Training for RIL Module 1 “Topographic and Tree Position 11. Pelatihan Control Wood. 12. Pelatihan Biodiversity. Mapping”. 13. Pelatihan Ril Monocable. 8. Training for Chain-of-Custody. 14. Training Industrial Investigasi. 9. Training for Legal Source. 15. In House Training Standard Marine Plywood (Q Mark). 10. Training for the Use of FSC Trademark. 16. In House Training Uji Emisi Standard ASTM. 11. Training for Control Wood. 17. Pelatihan Sertifikasi Izin Operator. 12. Training for Biodiversity. 18. Training GIS. 13. Training for RIL Mono cable. 19. Seminar Human Resource Expo. 14. Training for Industrial Investigation. 15. In House Training for Standard Marine Plywood (Q Mark). 16. In House Training for ASTM Standard Emission Test. 17. Training for Operator License Certification. 18. Training for GIS. 19. Seminar for Human Resource Expo.

Company Profile Annual Report PT SLJ Global Tbk 2016 STRUKTUR ORGANISASI Organization Structure 23KETERANGAN : DCE : DEPUTY CHIEF EXECUTIVE H: HEADPD : PRESIDENT DIRECTOR DH : DEPUTY HEAD PM : PLANT MANAGERVPD : VICE PRESIDENT DIRECTOR DPM : DEPUTY PLANT MANAGERDIR : DIRECTORCE : CHIEF EXECUTIVE

PThPReORBoOFaIrLdFDIoLfECWDomAEmNWissKAioOnNeMrs’KIPSrOAofiRleMISISARIS The Board of Commissioners’ Profile AMIRUDDIN ARRIS WIJIASIH CAHYASASIIndependent Commissioner President Commissioner

KADARYANTO DR. TONNY HENDRATONO, SE. MMCommissioner Independent Commissioner

PROFIL PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 WIJIASIH CAHYASASI Indonesian citizen, Born in Magelang on January 27, 1950 (66 Presiden Komisaris years old). Bachelor of Medical Science of Trisakti University, President Commissioner Jakarta - Indonesia in 1974. Appointed for the first time as President Commissioner of the Company on September 21, 2010 by virtue of resolution of Extraordinary General Meeting of Shareholders of the Company as set out in Deed of Notary Public Benny Kristianto, SH No. 20 dated September 21, 2010. In addition to being as President Commissioner of the Company, Currently, Her also acts as the President Commissioner of PT Sampoerna Karya Persada, President Commissioner of PT Sampoerna Karya Pertiwi and Commissioner of PT Misi Mulia Petronusa. Warga Negara Indonesia, Lahir di Magelang, 27 Januari 1950 (usia 66 tahun). Sarjana Muda, Kedokteran Trisakti, Jakarta - Indonesia Tahun 1974. Diangkat untuk pertama kali sebagai Presiden Komisaris Perseroan pada tanggal 21 September 2010 berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa Perseroan sebagaimana tertuang dalam Akta Notaris Benny Kristianto, SH. No. 20 tanggal 21 September 2010. Selain menjabat selaku Presiden Komisaris Perseroan, saat ini Beliau juga menjabat sebagai Komisaris Utama PT Sampoerna Karya Persada, Komisaris Utama PT Sampoerna Karya Pertiwi dan Komisaris PT Misi Mulia Petronusa.26 AMIRUDDIN ARRIS Wana Artha Tahun 1998-2003. Sebagai Advisor Bidang Audit & Komisaris Independen Operations PT Bank Bumiputera Tbk Tahun 2003-2005. Pernah Independent Commissioner menduduki berbagai posisi dari officer bagian audit, Kepala Urusan Pengawasan Administrasi sampai Deputy Main Branch Warga Negara Indonesia, Lahir di Brebes, 25 April 1946 (usia 70 Manager Gajah Mada di PT Bank Niaga Tahun 1973-1987. tahun). Magister bidang Hukum Bisnis, Universitas Padjajaran, Menduduki berbagai jabatan managerial di Bank Utama Tahun Bandung - Indonesia Tahun 2005 lulus dengan predikat cum 1987-1999 mulai dari Kepala Divisi Pengawasan, Kepala Divisi laude. Sarjana Ekonomi Fakultas Ekonomi Akuntansi, Universitas Operasi, Kepala Divisi Treasury, Direktur Operation, Komisaris dan Tarumanegara, Jakarta - Indonesia Tahun 1991. Akademi Komisaris Utama. Perniagaan Indonesia (API), Jakarta - Indonesia Tahun 1971. Indonesian citizen, Born in Brebes, 25 April 1946 (70 years old). Diangkat untuk pertama kali sebagai Komisaris Independen Master of Business Law from Padjajaran University, Bandung - Indonesia in 2005, graduated with cum laude. Bachelor of Perseroan pada tanggal 27 Juni 2011 berdasarkan Keputusan Economy of Faculty of Economy Accounting of Tarumanegara University, Jakarta - Indonesia in 1991. Akademi Perniagaan Rapat Umum Pemegang Saham Tahunan Perseroan Indonesia (API), Jakarta - Indonesia in 1971. sebagaimana tertuang dalam Akta Notaris Bennny Kristianto, SH. Appointed for the first time as an Independent Commissioners of the company on June 27, 2011 by virtue of resolution of Annual No. 54 tanggal 27 Juni 2011. Sebelumnya bergabung dengan General Meeting of Shareholders as set out in Deed of Notary Public Benny Kristianto,SH No. 54 dated June 27 2011. He joined Perseroan Sebagai anggota Komite Audit sejak 1 Maret 2011. the company as member of Audit Committee since March 1, 2011. Since July 5, 2011 he was appointed as Commissioner of Diangkat sebagai Ketua Komite Audit Perseroan sejak tanggal the Company as Head of Audit Committee of the Company. 5 Juli 2011 berdasarkan Keputusan Dewan Komisaris tanggal 5 In addition to being as Independent Commissioner of the Company, Currently he is acting as Independent Commissioner Juli 2011. of PT Pelayaran Nelly Dwi Putri Tbk since May 2012 and Head of Audit Committee of PT Pelayaran Nelly Dwi Putri Tbk since Selain menjabat selaku Komisaris Independen Perseroan, saat October 2012 and He also act as the Commissioner of PT ABC ini menjabat sebagai Komisaris Independen PT Pelayaran Consulting since 2011. Nelly Dwi Putri Tbk sejak Mei 2012 dan sekaligus menjadi Ketua Komite Audit PT Pelayaran Nelly Dwi Putri Tbk sejak Oktober 2012. He once acted as Program Director of PT Audit Pro Indonesia Menjabat sebagai Komisaris PT ABC Consulting sejak Tahun 2011. since 2006-2011 and member of Audit Committee and Risk Monitoring since 2007-2011. He once acted as Program Director Pernah menjabat sebagai Direktur PT Audit Pro Indonesia Tahun of PT Nobel Consulting since 2005-2006 and Financial Director 2006-2011 dan anggota Komite Audit dan Komite Pemantau of PT Asuransi Jiwa Adisarana Wana Artha since 1998-2003 and Risiko Bank Multi Artha Sentosa Tahun 2007-2011. Pernah Advisor of Audit & Operations of PT Bank Bimuputera Tbk since menjabat sebagai Direktur Program PT Nobel Consulting Tahun 2003-2005. He also held various position such as Officer of Audit 2005-2006 dan Direktur Keuangan PT Asuransi Jiwa Adisarana Department to Deputy Branch Manager in PT Bank Niaga since 1973-1987 and held various managerial positions such as has Head of Operation, Commissioner and President Commissioner.

Company Profile Annual Report PT SLJ Global Tbk 2016 KADARYANTO Sumber Daya Manusia Tahun 1998, Wakil Inspektur Jenderal Komisaris Kapolri Tahun 1998, Kapolda Jawa Tengah Tahun 1998, Sebagai Commissioner Asisten Personil Kapolri Tahun 1997, Direktur Perencanaan Pengendalian Personil Tahun 1996, Kepala Direktorat PersonilWarga Negara Indonesia, Lahir di Kudus, 3 April 1948 (usia Kepolisian Daerah Sumatera Utara, Tahun 1993 dan Kepala68 tahun). Sarjana Perguruan Tinggi Ilmu Kepolisian Republik Kepolisian Resort berturut-turut di Boyolali Tahun 1986, TegalIndonesia di Jakarta - Indonesia. Sekolah Staff dan Pimpinan Tahun 1988 dan Surakarta Tahun 1990.POLRI serta Sekolah Staff dan Komando ABRI. Indonesian citizen, Born in Kudus, April 3, 1948 (68 years old).Diangkat untuk pertama kali sebagai Komisaris Perseroan pada Bachelor of Police Science of Indonesia Police Universities oftanggal 20 Desember 2004 berdasarkan Keputusan Rapat Republic of Indonesia in Jakarta - Indonesia, Staff and LeadershipUmum Pemegang Saham Luar Biasa Perseroan sebagaimana Education of Indonesian Police and Staff and Commandtertuang dalam Akta Notaris Benny Kristianto, SH. No. 34 Tanggal Education of Indonesian Armed Forces.20 Desember 2004. Appointed for the first time as Commissioner of the CompanySebelumnya menjabat sebagai Advisor di Perseroan sejak on December 20, 2004 by virtue of resolution of ExtraordinaryOktober-Desember 2004. Pernah menjabat sebagai Wakil General Meeting of Shareholders of the Company as set outKepala POLRI pada Tahun 2004 dan berbagai jabatan di in Deed of Notary Public Benny Kristianto, SH No. 34 datedKepolisian Republik Indonesia yakni Deputi Kapolri bidang December 20, 2004. Previously acted as Advisor in the Company since October 2004 to December 2004, he also acted as Deputy Chief of Indonesian Police in and various positions in the Indonesian Police, namely as Deputy Chief of Indonesian Police in Human Resources sector in 1998, Deputy inspector General of Indonesian Police in 1998, Head of Central Java Police in 1998, Assistant Personnel of Chief of Ondonesian Police in 1997, Director or Personnel Planning and Control in 1996, Head of Directorate of Personnel of North Sumatera Ploice in 1993 and Head of Police Precinct in Boyolali in 1986, Tegal in 198 and Surakarta in 1990. DR. TONNY HENDRATONO, SE. MM Komisaris Independen Independent Commissioner 27Warga Negara Indonesia, Lahir di Solo, 25 September 1958 (usia Pemberdayaan Ekonomi Rakyat. Dan menjadi anggota58 tahun). Doktor bidang Ilmu Manajemen IBII, Jakarta - Indonesia Organisasi Profesi baik di dalam negeri maupun di luar negeri.Tahun 2010. Magister Management Universitas Persada (UPI-YAI),Jakarta - Indonesia Tahun 1998. Sarjana Ekonomi Universitas Indonesian citizen, Born in Solo, September 25, 1958 (58 years old).Kristen Satya Wacana, Salatiga - Indonesia Tahun 1985. Doctor of Management Sciences IBII, Jakarta - Indonesia in 2010. Master in Management on Persada University (UPI-YAI), Jakarta -Diangkat untuk pertama kali sebagai Komisaris Independen Indonesia in 1998. Bachelor of Economics Satya Wacana Christian University, Salatiga - Indonesia in 1985.Perseroan pada tanggal 11 Juni 2015 berdasarkan Keputusan Appointed for the first time as an Independent CommissionerRapat Umum Pemegang Saham Tahunan Perseroan of the Company on June 11, 2015 based on the decision of the General Meeting of Shareholders of the Company as set out insebagaimana tertuang dalam Akta Notaris Rismalena Kasri, SH. Notary Deed Rismalena Kasri, SH No. 9 dated July 7, 2015.No. 9 tanggal 7 Juli 2015. In addition to being as Independent Commissioner and Head Audit Committee of the Company. Currently serves as a lecturerSelain menjabat selaku Komisaris Independen Perseroan dan for Master degree at several universities include Pelita Harapansekaligus menjadi Ketua Komite Audit Perseroan. Saat ini Beliau University, IBII, STP Trisakti and Bunda Mulia University and servedjuga menjabat sebagai Dosen Pasca sarjana di beberapa as Vice Chancellor for Student Affairs and Alumni of Bunda MuliaPerguruan Tinggi antara lain Universitas Pelita Harapan, IBII, STP University since 2012.Trisakti dan Universitas Bunda Mulia dan menjabat sebagai WakilRektor Bidang Kemahasiswaan dan Alumni Universitas Bunda Has served as Dean of the Faculty of Social Sciences andMulia sejak Tahun 2012. Humanities University of Bunda Mulia since 2010-2012. As Vice chairman II at Pelita Harapan Tourism College since 2002-2005. AsPernah menjabat sebagai Dekan Fakultas Ilmu Sosial dan the first Vice director at the Pelita Harapan Tourism Academy sinceHumaniora Universitas Bunda Mulia Tahun 2010-2012. Sebagai 1995-1997. As Director Coordinator on LPK Academy. CoordinatorPuket II Sekolah Tinggi Pariwisata Pelita Harapan Tahun 2002- Director of the Academy-LPK Santa Ursula Academy since 1992-2005. Sebagai Pudir I Akademi Pariwisata Pelita Harapan Tahun 1995. As Director LPK Santa Ursula since 1986-1987. And currently1995-1997. Sebagai Koordinator Direktur Akademi-Akademi LPK still active in various organizations including the Chairman of theSanta Ursula Tahun 1992-1995. Sebagai Direktur LPK Santa Ursula Expert Council of the National Tourism Awareness Movement,Tahun 1986-1987. Dan saat ini masih aktif di berbagai organisasi Vice Chairman of the Association of Institutions Higher Educationantara lain Ketua Dewan Pakar Gerakan Nasional Sadar Indonesian Tourism, Vice - Chairman of the Board of Trustees ofWisata, Wakil Ketua Himpunan Lembaga Pendidikan Tinggi the Institute for Economic Empowerment of the People. And aPariwisata Indonesia, Wakil Ketua Dewan Pembina Lembaga member of professional organizations both domestically and abroad.

PPRROOFFIILL DDIIRREEKKSSIITThhee BBooaarrdd ooff DDiirreeccttoorrss’’ PPrrooffiillee DR. DAVID, SE. MM AMIR SUNARKOVice President Director President Director

RUDY GUNAWAN Director

PROFIL PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 201630 AMIR SUNARKO Indonesian citizen, Born in Selat Panjang, on October 1, 1963 (53 years old). He holds Bachelor Degree in Finance Presiden Direktur from University of Southern California, USA. President Director He was appointed as President Director of PT SLJ Warga Negara Indonesia, Lahir di Selat Panjang, 1 Global Tbk of the Company on September 27, 2002 by Oktober 1963 (usia 53 tahun). Sarjana Keuangan University virtue of resolution of Extraordinary General Meeting of Southern California, USA. of Shareholders of the Company as set out in Deed of Notary Public P. Sutrisno A. Tampubolon, SH No. 53 dated Diangkat untuk pertama kali sebagai Presiden Direktur September 27, 2002. Perseroan pada tanggal 27 September 2002 berdasarkan Keputusan Rapat Umum Pemegang Saham Luar Biasa In addition to being as President Director of the Perseroan sebagaimana tertuang dalam Akta Notaris P. Company, He is currently also serves as Commissioner of Sutrisno A. Tampubolon, SH. No. 53 tanggal 27 September the subsidiary, namely PT Kalimantan Powerindo since 2002. February 19, 2013, PT Nityasa Prima since October 2007 and as a Commissioner of PT Suli Inti Resource since Selain menjabat selaku Presiden Direktur Perseroan, October 2010. saat ini Beliau menjabat selaku Komisaris Utama anak perusahaan yaitu PT Kalimantan Powerindo sejak tanggal He served as a Commissioner of PT Putra Sumber 19 Februari 2013, PT Nityasa Prima sejak Oktober 2007 dan Utama from 1995-2000 and was re-appointed in 2002, selaku Komisaris PT Suli Inti Resource sejak Oktober 2010. Commissioner of PT Hasko Jaya Abadi from 2002-2008, Commissioner of PT Putra Source Kimindo from 2002-2010, Pernah menjabat selaku Komisaris di PT Putra Sumber Commissioner of PT Navatani Persada from 2002-2006, Utama Timber Tahun 1995-2000 dan diangkat kembali Commissioner of PT Shipping Nelly Dwi Putri from 1998- Tahun 2002, Komisaris PT Hasko Jaya Abadi pada Tahun 2012, President Commissioner of PT Panca Usaha Palopo 2002-2008, Komisaris PT Putra Sumber Kimindo pada Plywood from 2006-2010 and became President Director Tahun 2002-2010, Komisaris PT Navatani Persada Tahun from 1998-2006, Director of PT Nelly Permata Wood 2002-2006, Komisaris PT Pelayaran Nelly Dwi Putri Tahun Industry from 1998-2000, Director of PT Basirih Industrial 1998-2012, Presiden Komisaris PT Panca Usaha Palopo from 2005-2007, President Commissioner of PT Sumalindo Plywood Tahun 2006-2010 dan menjadi Direktur Utama Mitra Resindo from February to December 2010. Served Tahun 1998-2006, Direktur PT Nelly Permata Wood Industri as Commissioner of PT Sumber Graha Sejahtera since Tahun 1998-2000, Direktur PT Basirih Industrial Tahun 2005- 2002-2016, served as non-executive Directors at Samko 2007, sebagai Presiden Komisaris di PT Sumalindo Mitra Timber Limited since 2012-2016. Resindo bulan Februari sampai dengan bulan Desember 2010. Menjabat selaku Komisaris pada PT Sumber Graha In addition, He also acted as Director of PT Okuratama Sejahtera sejak Tahun 2002-2016, menjabat selaku non- executive Directors di Samko Timber Limited sejak 2012- Sejati, Director of PT Sarana Indo Creations, President 2016. Director of PT Buana Semesta Alam, President Selain itu pernah juga berkarir sebagai Direktur Utama PT Okuratama Sejati, Direktur PT Sarana Indo Kreasi, Direktur Commissioner of PT Nelly Jaya Pratama, Commissioner Utama PT Buana Semesta Alam, Komisaris Utama PT Nelly Jaya Pratama, Komisaris PT Artha Sejahtera, Komisaris of PT Araha Sejahtera, Commissioner of PT Wana Tirta Edi PT Wana Tirta Edi Wibowo, Direktur PT Sarana Indo Kreasi, Komisaris Utama PT Permata Barito Shipyard And Wibowo, Director of PT Sarana Indo Kreasi, Commissioner Engineering, Direktur PT Bakti Agung Alam Lestari, Direktur Utama PT Pedamaran Indah. of PT Permata Barito Shipyard And Engineering, Director of PT Bhakti Agung Alam Lestari, President Director of PT Pedamaran Indah.

Company Profile Annual Report PT SLJ Global Tbk 2016 31 DR. DAVID, SE. MM Utama Timber Tahun 2002-2005. Direktur Operasional di Wakil Presiden Direktur - PT Putra Sumber Utama Timber, Tahun 1995-2002. GM PT Vice President Director Putra Sumber Utama Timber Tahun 1993-1995. Direktur PT Nelly Zuyu International Tahun 1991-1993. GM PT NellyWarga Negara Indonesia, Lahir di Padang Sidempuan, Zuyu Internasional Industry Tahun 1990-1991 dan Asisten6 Februari 1964 (usia 52 tahun). Magister Management GM PT Panca Usaha Palopo Plywood Tahun 1988-1990.bidang Ekonomi, STIE IBII, Jakarta - Indonesia Tahun 2004.Doktor bidang Ilmu Manajemen, IBII, Jakarta - Indonesia Indonesian citizen, Born in Padang Sidempuan, onTahun 2008. February 6, 1964 (52 years old). He holds Master Degree in Management from STIE IBII, Jakarta - Indonesia sinceDiangkat untuk pertama kali sebagai Wakil Presiden 2004. He also holds Doctoral decree in Management,Direktur Perseroan pada tanggal 27 September 2002 from IBII, Jakarta - Indonesia since 2008.berdasarkan Keputusan Rapat Umum Pemegang SahamLuar Biasa Perseroan sebagaimana tertuang dalam Akta He was appointed for the first time as Vice PresidentNotaris P. Sutrisno A. Tampubolon, SH. No. 53 tanggal 27 Director of the Company on September 27, 2002 bySeptember 2002. virtue of resolution of Extraordinary General Meeting of Shareholders of the Company as set out in Deed ofSelain menjabat selaku Wakil Presiden Direktur Perseroan, Notary Public P. Sutrisno A. Tampubolon, SH No. 53 datedsaat ini Beliau menjabat pula selaku Presiden Direktur September 27, 2002.PT Kalimantan Powerindo (anak perusahaan) sejakDesember 2007, Direktur Utama PT Suli Inti Resource (anak In addition to being as Vice President Director of theperusahaan) sejak Oktober 2010. Direktur PT Nityasa Prima Company, He also acts as President Director of PT(anak perusahaan) sejak Oktober 2007. Kalimantan Powerindo (Subsidiary) since December 2007. President Director of PT Suli Inti Resource (Subsidiary) sincePernah menjabat sebagai Komisaris PT Karya Wijaya October 2010. Director of PT Nityasa Prima (Subsidiary)Sukses sejak November 2006-2011. Komisaris PT Sumalindo since October 2007.Alam Lestari Tahun 2005-2013. Komisaris PT WanaKaltim Lestari Tahun 2008-2013. Komisaris PT Kalimantan He was appointed as Commissioner of PT Karya WijayaPowerindo Tahun 2006-2007. Komisaris PT Putra Sumber Sukses since November 2006-2011. Commissioner of PT Sumalindo Alam Lestari since Oktober 2005-2013. RUDY GUNAWAN Commissioner of PT Wana Kaltim Lestari since 2008-2013. Direktur Commissioner of PT Kalimantan Powerindo since 2006- Director 2007. Commissioner of PT Putra Sumber Utama Timber, since 2002-2005. Operational Director of PT Putra SumberWarga Negara Indonesia, Lahir di Medan, 27 Mei Utama Timber, since 1995-2002. GM of PT Putra Sumber1970 (usia 46 tahun). Bachelor Of Science, Majoring Utama Timber since 1993-1995. Director of PT Nelly Zuyuin International Bussiness and Economic Oregon State International since 1991-19913. GM of PT Nelly ZuyuUniversity Tahun 1989-1992, Oregon - USA. Internasional Industry, since 1990-1991 and and Assistant GM of PT Panca Usaha Palopo Plywood, from 1988-1990.Diangkat untuk pertama kali sebagai Direktur Perseroanpada tanggal 27 Juni 2011 berdasarkan keputusan Sebelumnya pernah menduduki posisi Kepala DivisiRapat Umum Pemegang Saham Tahunan Perseroan Marketing Perseroan Tahun 2008-2011, pernah menjabatsebagaimana tertuang dalam Akta Notaris Benny sebagai General Manager & Plant Manager di PT PelindaKristianto, SH. No. 54 tanggal 27 Juni 2011. Sarana sukses tahun 2001-2008 dan PT Indigift Chuenher Indah tahun 1994-2001 dengan jabatan akhir sebagaiSelain menjabat selaku Direktur Perseroan, saat ini Beliau Manager Divisi Marketing.menjabat selaku Direktur PT Kalimantan Powerindo (anakperusahaan) Sejak Februari 2013. Indonesian citizen, Born in Medan, May 27, 1970 (46 years old). He holds Bachelor of Science, Majoring in International Bussiness and Economic from Oregon State University in 1989-1992, Oregon - USA. Appointed for the first time as Director of the Company on June 27, 2011 by virtue of resolution of Annual General Meeting of the Company as set out in Deed of Notary Public Benny Kristianto, SH No. 54 dated Juni 27, 2011. In addition to being as the Director of the Company, He also acts as Director of PT Kalimantan Powerindo (subsidiary) since February 2013. He was previously appointed as Head of Marketing Division of the Company from 2008-2011, He also acted as General Manager & Plant Manager of PT Pelinda Sarana Sukses since April 2001-May 2008 and PT Indigift Chuenher Indah since 1994-2001 with last position of Manager of Marketing Division.

PROFIL PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 DAFTAR PEMEGANG SAHAM Register of Shareholders Sesuai Daftar Pemegang Saham (DPS) Perseroan Per 31 According to Register of Shareholders (DPS) of the Desember 2016, jumlah pemegang saham tercatat 1.825 Company Per December 31, 2016, the number of terdiri dari lokal 1.776 dan asing 49. shareholders is recorded to be 1.825 consisting of 1.776 Local shareholders and 49 Foreign shareholders. Komposisi pemegang saham yang memiliki 5% (lima persen) atau lebih saham yang ditempatkan dan The table below show the composition of shareholders disetorkan penuh serta Komisaris Perseroan dan Kelompok holding 5% (five percent) or more of the shares issued and Masyarakat adalah sebagai berikut : fully paid-in and the Commissioners of the Company and Group of People Holding the shares of the Company :32 Deddy Hartawan Jamin Lain - lain 582.174.500 919,092,877 Koperasi 1.518.624 Amir Sunarko UOB Kay Hian Pte Ltd (Presiden Direktur | President Director) 434.864.439 766.275.582 Bonham Nominees Pte Ltd INFORMASI PEMEGANG SAHAM UTAMA PERSEROAN 407.475.000 Pada tanggal 29 November 2016, Perseroan telah menyampaikan surat keterbukaan informasi kepada Major Shareholder Information Company Otoritas Jasa Keuangan (OJK) dan PT Bursa Efek On November 29th, 2016, the Company submitted a letter Indonesia (BEI) sehubungan dengan transaksi pengalihan of information accountability to the Financial Service 766.275.582 saham perusahaan dari PT Sumber Graha Authority (OJK) and Indonesia Stock Exchange (IDX) in Sejahtera (PT.SGS) kepada Bapak Amir Sunarko selaku connection with the transfer transaction of 766.275.582 Presiden Direktur Perseroan yang dilakukan di pasar shares from PT Sumber Graha Sejahtera (PT.SGS) to Mr. negosiasi Bursa Efek Indonesia. Amir Sunarko as the President Director of the Company which was conducted in the negotiation market of Indonesia Stock Exchange.

Company Profile Annual Report PT SLJ Global Tbk 2016IKHTISAR DATA PERMODALAN DANDATA SAHAMCapital Structure And Shares DataSTRUKTUR PERMODALAN PER 31 DESEMBER 2016 CAPITALIZATION STRUCTURES PER DECEMBER 31, 2016Modal dasar : Rp. 3.000.000.000.000,- Authorized capital : Rp. 3,000,000,000,000,-Terdiri dari : 1.236.022.311 saham dengan nilai nominal Rp. Comprising : 1,236,022,311 shares with par value of Rp.1.000,- per saham dan 17.639.776.890 saham dengan nilai 1,000,- per share and 17,639,776,890 shares having parnominal Rp. 100,- per saham. value of Rp. 100,- per share.Modal ditempatkan dan disetor : Rp. 1.423.560.182.100,- Paid – in and issued capital of the Company is Rp. 1,423,560,182,100,-Terdiri dari: 3.111.401.022 saham masing-masing Comprising : 3,111,401,022 shares, each of 1,236,022,311 shares has par value of Rp. 1.000,- per share and each of1.236.022.311 saham dengan nilai nominal Rp. 1.000,- per 1,875,378,711 shares has par value of Rp. 100,- per share.saham dan 1.875.378.711 saham dengan nilai nominal SHARE DATARp. 100,- per saham. • In March 1994 Company registered 125,000,000 shares in Indonesian Stock Exchange (formerly :DATA SAHAM Jakarta Stock Exchange) with par value of Rp. 1,000,- per share ;• Maret 1994 Perseroan mencatatkan 125.000.000 saham di Bursa Efek Indonesia (d/h : Bursa Efek • In January 1998 the Company issued new shares by Jakarta) dengan nominal Rp. 1.000,- per saham; Rights Issue (PUT) I for the purpose of exercising Pre- Emptive Rights (HMETD) of 343,750,000 shares with par• Januari 1998 menerbitkan saham baru melalui value Rp. 1,000,- per share ; 33 Penawaran Umum Terbatas (PUT) I dalam rangka pelaksanaan Hak Memesan Efek Terlebih Dahulu • In December 2004 to June 2006 the Company issued (HMETD) sebanyak 343.750.000 saham dengan nilai new shares from the conversion of loan into capital, nominal Rp. 1.000,- per saham; by Debt to Equity Conversion of a total of 465,530,686 shares with par value of Rp. 1,000,- per share ;• Desember 2004 sampai Juni 2006 Perseroan mengeluarkan saham-saham baru hasil konversi • In July 2006 Company issued 155,713,448 new shares utang menjadi modal, melalui penambahan modal by Rights Issue (PUT) II for the purpose of exercising Tanpa HMETD (Debt to Equity Conversion) seluruhnya Pre-Emptive Rights (HMETD) with par value Rp. 1,000,- sebesar 465.530.686 saham dengan nilai nominal Rp. per share ; 1.000,- per saham; • In January 2007 Company issued as many as• Juli 2006 Perseroan menerbitkan 155.713.448 saham 155,713,448 Series I Warrant along with the issuance baru melalui PUT II dalam rangka pelaksanaan HMETD of new shares from Rights Issue. As of the completion dengan nilai nominal Rp. 1.000,- per saham; of the conversion of Series I Warrant to shares on July 9, 2009 the amount of Series I Warrant converted• Januari 2007 Perseroan menerbitkan Waran seri I into shares are 146,028,177 or equal to 146,028,177 bersamaan dengan pengeluaran saham-saham shares with par value of Rp. 1,000,- per share, hence baru PUT II sebanyak 155.713.448 waran. Sampai the number of shares in the Company becomes dengan selesainya pelaksanaan konversi Waran seri 1,236,022,311 shares ; I menjadi saham pada tanggal 9 Juli 2009, jumlah Waran seri I yang terkonversi menjadi saham adalah • In April 2010 the Company issued 1,236,022,311 new sebanyak 146.028.177 waran atau sama dengan shares by Rights Issue (PUT) III for the purpose of 146.028.177 saham dengan nilai nominal Rp. 1.000,- exercising Pre-Emptive Rights with par value of Rp. per saham, sehingga jumlah saham Perseroan 100,- per shares ; menjadi 1.236.022.311 saham; • In December 2012 the Company for the purpose• April 2010 Perseroan menerbitkan 1.236.022.311 of converting loan into shares by issuing new shares saham baru melalui PUT III dalam rangka pelaksanaan without Rights Issue, had issued 629,356,400 new HMETD dengan nilai nominal Rp. 100,- per saham; shares with par value of Rp. 100,- per share. Hence there is an increase in the paid-in and issued capital• Desember 2012 Perseroan dalam rangka to 3,111,401,022 shares consisting of 1,236,022,311 shares with par value of Rp. 1,000,- per share andpelaksanaan konversi utang menjadi saham dengan 1,875,378,711 shares with par value of Rp. 100,- per share, hence the amount of paid-in capital of thecara pengeluaran saham baru Tanpa HMETD Company became Rp. 1,423,560,182,100,-.menerbitkan 639.356.400 saham baru dengan nilainominal Rp. 100,- per saham. Dengan demikianterjadi penambahan modal ditempatkan dandisetor menjadi 3.111.401.022 saham yang terdiri dari1.236.022.311 saham dengan nilai nominal Rp. 1.000,-per saham dan 1.875.378.711 saham dengan nilainominal Rp. 100,- per saham, sehingga modal disetorPerseroan menjadi Rp. 1.423.560.182.100,-.

ANALISIS DAN PEMBAHASAN MANAJEMEN Laporan Tahunan PT SLJ Global Tbk 201634

Management Discussion and Analysis Annual Report PT SLJ Global Tbk 2016ANALISIS DAN PEMBAHASAN MANAJEMENManagement Discussion and AnalysisTinjauan Segmen Usaha Business Segments ReviewKinerja operasional dan keuangan Perseroan pada The Company’s operational and financial performance in the fiscal year of 2016 has been encouraging. If in previoustahun buku 2016 mengalami peningkatan yang 2015 it’s only able to record Business Revenue as much as USD. 64.28 million, in the fiscal year of 2016 the Companymenggembirakan. Jika pada tahun 2015 lalu hanya succeeded in increasing its Operating Revenue to USD. 73.72 million, or there is an increase of approximately 15%mampu mencatatkan Pendapatan Usaha sebesar from the previous year. This achievement is already 97% of the Operating Revenue target on the projected AnnualUSD. 64.28 juta, di tahun buku 2016 Perseroan berhasil Plan which is proclaimed at the early of 2016 as much as USD. 75.85 million.meningkatkan Pendapatan Usaha menjadi USD. The Company’s revenues in 2016 derived from the73.72 juta terjadi peningkatan sekitar 15% dari tahun increase of sales of plywood (Plymill Division) as much as 112,075 m3 from the target of 100,000 m3, the Businesssebelumnya. Pencapaian tersebut adalah 97% dari Unit of Natural Timber Forest Management and Utilization which reached the production volume of approximatelytarget Pendapatan Usaha pada proyeksi Annual Plan 142,875 m3 out of its target of 205,000 m3. And also business unit of Power Plant that is able to maintainyang dicanangkan awal tahun kerja 2016 sebesar USD. production stability as much as 153 million kWh from total plan of 158.4 million kWh.75.85 juta. The following is composition of operating revenues forPendapatan usaha Perseroan pada tahun 2016 each business unit of the Company and its subsidiaries inberasal dari meningkatnya sales plywood (Divisi Plymill) 2016 in comparison of 2015:sebesar 112.075 m3 dari target 100.000 m3, Unit usahaPengelolaan dan Pemanfaatan Hutan Kayu Alam yangmencapai produksi sekitar 140.875 m3 dari target 205.000m3. Dan juga unit usaha Power Plant yang mampumenjaga kestabilan produksi sebesar 153 juta kWh daritotal rencana 158.4 juta kWh.Berikut komposisi pendapatan usaha masing-masing unitusaha Perseroan dan anak perusahaan sepanjang tahun2016 dengan perbandingan tahun 2015: 35 GRAFIK PENDAPATAN USAHA Chart of Operating Revenue 1% 6% 5% 10% 10% 2016 12% 2015 84% 72%PLYWOOD ENERGY LOGS SAWMILL & PLYWOOD ENERGY LOGS SAWMILL & OTHERS OTHERS

ANALISIS DAN PEMBAHASAN MANAJEMEN Laporan Tahunan PT SLJ Global Tbk 2016 Plymill Industry Located In Samarinda Kapasitas Produksi dan Penjualan Kayu Lapis Serta Kayu Production Capacity and Sale of Plywood and Processed Lapis Olahan Plywood Product36 Produksi Plywood sepanjang tahun 2016 sekitar 116.100 The Plywood production throughout 2016 is approximately m3 atau meningkat 47% dari produksi tahun 2015 sekitar 116,100 m3 or increasing by 47% from production in 79.200 m3. Seiring dengan peningkatan volume produksi, 2015 which was around 79,200 m3. Along with the volume penjualan mengalami peningkatan yang increase in production volume, the sales volume also signifikan menjadi sebesar 112.075 m3 atau meningkat increased significantly to 112,075 m3 or increasing by 42% 42% dibanding tahun 2015 sebesar 79.176 m3. Pada compared to 2015 which was amounting to 79,176 m3. tahun buku 2016 sektor ini kembali menjadi pemberi In the fiscal year of 2016 this sector again became the kontribusi terbesar bagi Pendapatan Usaha Perseroan largest contributor to the Company’s Operating Revenue yaitu sebesar 84%. as much as 84%. Harga rata-rata produk kayu lapis dan kayu lapis olahan The average price of plywood and processed plywood untuk pasar ekspor dan lokal mengalami penurunan products for export and local markets has decreased masing-masing dari USD 627/m3 pada tahun 2015 turun from respectively USD 627/m3 in 2015 to USD 574/m3 by menjadi USD 574/m3 pada tahun 2016. Dan untuk pasar 2016. And for the local market from USD 260/m3 in 2015 lokal dari USD 260/m3 pada tahun 2015 menjadi USD. into USD. 231/m3 by 2016. 231/m3 pada tahun 2016. Dari total penjualan tahun 2016 dan 2015 sekitar 93% Of the total sales in 2016 and 2015, around 93% was diserap pasar ekspor dan terbesar adalah ke pasar Korea absorbed by export market while the largest share is to Selatan dan Amerika. Ke depan pasar ekspor tetap the South Korean and American markets. In future, export menjadi tujuan pasar Perseroan. markets remain becoming market destination of the Company. GRAFIK PANGSA PASAR PRODUK KAYU LAPIS DAN KAYU LAPIS OLAHAN Chart of Destination Sales of Plywood and Processed Plywood Product 7% 2%5%2% 11% 3% 2% 2016 1% 8% 8% 26% 27% 49% 2015 49% EC/UK JAPAN KOREA USA INDONESIA EC/UK JAPAN KOREA USA INDONESIA AUSTRALIA & NEW ZEALAND OTHER (China, Taiwan, India) AUSTRALIA & NEW ZEALAND OTHER (China, Taiwan, India)

Management Discussion and Analysis Annual Report PT SLJ Global Tbk 2016Kapasitas Produksi dan Penjualan Kelebihan Daya Power The Unit I Power PlantPlant (Energi) Located In Tanjung HarapanUnit usaha Power Plant yang dikelola anak perusahaan Production Capacity and Sale of Excess Power of the 37yakni PT Kalimantan Powerindo (PT.KP) pada tahun 2016 Power Plant (Energy)berjalan relatif stabil. Dengan kapasitas terpasang yangdimiliki sebesar 22.5 MW, PT.KP mampu memproduksi listrik Business unit of Power Plant which was managed by onesekitar 153 juta kWh, dengan total volume penjualan of Company’s subsidiary, PT. Kalimantan Powerindo (PT.sekitar 133 juta kWh. Dimana hasil produksi listrik terbesar KP) in 2016 was operated relatively stable. With installeddijual kepada masyarakat wilayah Kalimantan Timur capacity of 22.5 MW, PT. KP was capable of producingmelalui Perusahaan Listrik Negara (PLN) dan selebihnya around 153 million kWh of electricity, with total salesuntuk memenuhi kebutuhan listrik internal perusahaan volume of approximately 133 million kWh. Where thedengan rincian sebagai berikut : largest electricity production was sold to the people at East Kalimantan region through State Electricity1. Pada tahun 2016 Perseroan menjual kelebihan daya Company (PLN) while the rest was used to meet the2. (excess power) ke PLN sekitar 103 juta kWh, dan internal electricity / power needs of the company with Penjualan ke Industri Kayu Lapis sekitar 30 juta kWh. the following details: 1. In 2016 the Company sold the excess power to PLN ofBerbanding tahun 2015 PT.KP mampu memproduksisekitar 155 juta kWh dengan total volume penjualan approximately 103 million kWh, andsekitar 135 juta kWh, dengan rincian sebagai berikut : 2. Sales to Plywood Industry approximately 30 million1. Penjualan ke PLN sekitar 119 juta kWh, dan2. Penjualan ke Industri Kayu Lapis sekitar 16 juta kWh kWh. Compared to 2015 PT. KP is able to produce around 155 million kWh with total sales volume of approximately 135 million kWh, with the following details: 1. Sales to PLN is about 119 million kWh, and 2. Sales to the Plywood Industry is around 16 million kWh.Produksi dan Penjualan Kayu Bulat Log Pond Located In SamarindaDari seluruh areal IUPHHK-HA yang dimiliki grup usaha Perseroan,hanya 3 (tiga) areal konsesi yang melakukan kegiatan produksi Production and Sale of Logdi tahun 2016. Kontribusi pendapatan usaha pada unit inimengalami penurunan baik dari segi produksi maupun penjualan, Of all the areas of Business License for Management andpenurunan ini lebih banyak dipengaruhi oleh faktor alam. Untuk Utilization of Natural Forest - Timber Forest Products (IUPHHK-tahun 2016 sektor ini mampu mencatatkan produksi kayu bulat HA) owned by the Company’s business group, only 3 (three)sebesar 140.875 m3, dengan volume penjualan sebesar 32.841 concession areas are engaged in production activities in 2016.m3. Angka tersebut jauh lebih rendah dibandingkan dengan The contribution of business revenue of this unit has decreasedproduksi kayu bulat pada tahun 2015 yakni sebesar 191.311 m3 both in terms of production and sales, such decrease was moredengan mencatatkan volume penjualan sebesar 85.659 m3. influenced by natural factors. For 2016 this sector was able to record wooden logs production amounting to 140,875 m3, with sales volume amounting to 32,841 m3. This figure is much lower than the production of logs in 2015 which was amounting to 191,311 m3 with recorded sales volume of 85,659 m3.

38 ANALISIS DAN PEMBAHASAN MANAJEMEN Laporan Tahunan PT SLJ Global Tbk 2016 KINERJA KEUANGAN FINANCIAL PERFORMANCE Aset Lancar, Aset Tidak Lancar dan Total Aset Current Assets, Non-Current Assets and Total Assets Aset lancar pada tanggal 31 Desember 2016 meningkat Current assets as of December 31st, 2016 has increased 4% dari USD. 33.28 juta di tahun 2015 menjadi USD. 34.47 by 4% from USD. 33.28 million in 2015 to USD. 34.47 million juta di tahun 2016. Porsi paling besar dalam aset lancar in 2016. The largest portion of current assets consists of terdiri dari kas dan setara kas, piutang usaha serta cash and cash equivalents, accounts receivable and persediaan. inventories. Aset tidak lancar pada tanggal 31 Desember 2016 Non-current assets as of December 31st, 2016 was meningkat 10% dari USD. 51.74 juta di tahun 2015 menjadi increased by 10% from USD. 51.74 million in 2015 into USD. USD. 57.10 juta di tahun 2016. Kenaikan aset tidak lancar 57.10 million in 2016. The increase in non-current assets dikarenakan penambahan aset tetap bersih sebesar was due to the addition of net fixed assets as much as USD. 3.66 juta diimbangi dengan depresiasi tahunan atas USD. 3.66 million was offseted by annual depreciation on aset tetap sebesar USD. 3.03 juta. fixed assets amounting to USD. 3.03 million. Perseroan membukukan total aset pada tanggal 31 The Company has recorded total assets as of December Desember 2016 sebesar USD. 91.57 juta, yang 38% adalah 31st, 2016 amounting to USD. 91.57 million, 38% of which aset lancar dan 62% adalah aset tidak lancar. Secara were current assets while 62% were non-current assets. keseluruhan total aset Perseroan mengalami kenaikan As a whole, the Company’s total assets increased sekitar 8% dari USD. 85 juta pada tahun 2015. Kenaikan by approximately 8% from USD. 85 million in 2015. The ini terbanyak disebabkan oleh persediaan, revaluasi aset increase was mostly due to the inventories, revaluation of tetap dan restitusi pajak. fixed assets and tax restitution. Liabilitas Jangka Pendek, Liabilitas Jangka Panjang dan Short Term Liabilities, Long Term Liabilities and Total Total Liabilitas Liabilities Liabilitas jangka pendek pada tanggal 31 Desember Short-term liabilities as of December 31st, 2016 has 2016 meningkat sebesar 5% dari USD. 37.32 juta di tahun increased by 5% from USD. 37.32 million in 2015 to USD. 2015 menjadi USD. 39.04 juta di tahun 2016. Kenaikan 39.04 million in 2016. The largest increase was in the terbesar adalah pada utang usaha kepada pemasok accounts payable to third-party suppliers. pihak ketiga. Long-term liabilities of the company as of December 31st, Liabilitas jangka panjang pada tanggal 31 Desember 2016 has decreased by 2% from USD. 69.31 million in 2015 2016 menurun sebesar 2% dari USD. 69.31 juta di tahun to USD. 67.97 million in 2016. This decline was due to the 2015 menjadi USD. 67.97 juta di tahun 2016. Penurunan reclassification of long-term bank debt that will mature in ini akibat reklasifikasi utang bank jangka panjang yang 2017. akan jatuh tempo tahun 2017. Total liabilities as of December 31st, 2016 has increased by Total liabilitas pada tanggal 31 Desember 2016 meningkat 0.4% from USD. 106.62 million in 2015 to USD. 107.01 million sebanyak 0.4% dari USD. 106.62 juta di tahun 2015 menjadi in 2016. Total Liabilities in 2016 consisted of 36% short-term USD. 107.01 juta di tahun 2016. Total Liabilitas di tahun 2016 liabilities and 64% long-term liabilities. terdiri dari 36% liabilitas jangka pendek dan 64% liabilitas jangka panjang. Equity Ekuitas Total equity of the company has increased by 29% from USD. (21.61) million in 2015 to USD. (15.44) million in Jumlah ekuitas meningkat 29% dari USD. (21.61) juta 2016. The increase in total equity was due to additional di tahun 2015 menjadi USD. (15.44) juta di tahun 2016. earnings/profits of current year as well as revalued profits Naiknya total ekuitas ini disebabkan oleh tambahan laba of land fixed asset for the valuation in 2016. tahun berjalan dan juga keuntungan revaluasi aset tetap tanah tahun penilaian 2016. Business (Operating) Income Principle Cost, Operating Expenses, Income (Loss), Other Comprehensive Income Beban Pokok Penjualan, Beban Usaha, Laba (Rugi), and Total Comprehensive Income Penghasilan Komprehensif Lain dan Total Laba (Rugi) Komprehensif Along with the increase in production and Operating revenues in 2016 by 15%, the Operating Revenue Seiring kenaikan produksi dan pendapatan usaha di Principle Cost also rose around 14% from USD. 53.16 tahun 2016 sebesar 15%, maka beban pokok pendapatan million to USD. 60.67 million. Likewise business expenses usaha juga naik sekitar 14% dari USD. 53.16 juta menjadi rose by 31% from USD. 4.41 to USD. 5.78 million in 2016. The USD. 60.67 juta. Begitu juga beban usaha naik 31% dari increase in operating expenses occurred at the posts of USD. 4.41 menjadi USD. 5.78 juta di tahun 2016. Kenaikan sales expenses, wages, wage costs and welfare, office beban usaha ini terjadi di pos beban penjualan, biaya expenses, taxes and permits and others. gaji, upah dan kesejahteraan, keperluan kantor, pajak dan perijinan dan lain-lain.

Management Discussion and Analysis Annual Report PT SLJ Global Tbk 2016Seperti tahun 2015, perusahaan juga melakukan revaluasi As of 2015, the company also revalued its land assetsatas aset tanah yang berdasarkan penilaian dari kantor based on the valuation of the appraisal office where inpenilai dimana tahun 2016 nilai tanah perusahaan dan 2016 the land value of Company and its subsidiaries hasanak perusahaan naik sebesar USD. 5.94 juta yang dicatat increased by USD. 5.94 million which was recorded assebagai penghasilan komprehensif lain. Sementara other comprehensive revenue. While the increase in landkenaikan nilai tanah di tahun 2015 telah dicatat sebesar value in 2015 has been recorded as much as USD. 7.94USD. 7.94 juta. million.Dari kenaikan pendapatan usaha, biaya, dan laba From the increase in total operating/business revenues,komprehensif di atas, perusahaan mencatatkan total costs, and comprehensive profits, the company haslaba komporehensif tahun berjalan turun 31% dari USD. recorded total comprehensive profit of current year as8.93 juta menjadi USD. 6.17 juta di tahun 2016. much as 31% from USD. 8.93 million to USD. 6.17 million in 2016.Arus Kas Cash flowPeningkatan produksi dan penjualan di tahun 2016,tidak diikuti oleh kenaikan arus kas neto diperoleh dari The increased production and sales in 2016, was notaktivitas operasi tetapi menurun dari USD. 4.17 juta pada followed by increase in net cash flows derived fromtahun 2015 menjadi USD. 3.18 juta pada tahun 2016. Hal operating activities, instead it was decreased from USD.ini disebabkan banyaknya porsi pembayaran eks biaya 4.17 million in 2015 to USD. 3.18 million in 2016. This was duetahun 2015. to the large portion of the payment of ex-cost in 2015.Saldo kas dan bank per 31 Desember 2016 juga The cash and bank balances as of December 31st, 2016meningkat dari USD. 3.47 juta pada tahun 2015 menjadi was also increased from USD. 3.47 million in 2015 into USD.USD. 3.73 juta. 3.73 million.Kemampuan Membayar Utang, Tingkat Kolektabilitas Ability to Pay Debts, Receivables Collectibility Level andPiutang dan Struktur Modal Capital StructureMembaiknya kinerja operasional dan keuangan serta The improved operational and financial performance as well as the completion of debt restructuring in 2 (two) majorselesainya restrukturisasi utang pada 2 (dua) kreditor creditors of the Company and its subsidiaries, namely PT. Bank CIMB Niaga Tbk. in 2013 and PT. Bank Mandiribesar Perseroan dan anak perusahaan yaitu PT Bank Persero Tbk. in 2014, has enhanced the Company’s ability 39 to repay its debts as reflected in the current ratio of 2016CIMB Niaga Tbk pada tahun 2013 dan PT Bank Mandiri as much as 0.88 x (times) which was almost equal to 2015 as much as 0.89 x (times).Persero Tbk pada tahun 2014, meningkatkan kemampuan To increase its liquidity, the Company continues toPerseroan untuk membayar utang sebagaimana stabilize its receivables collectibility, as evidenced by the percentage of receivables which is more than 90 daystercermin pada current ratio tahun 2016 sebesar 0.88 x in 2015 as much as 41%, slightly increased to 42% in 2016.(kali) yang hampir sama dengan tahun 2015 sebesar 0.89 In the mid of lack Company’s capital structure, Management implements several management policiesx (kali). for existing working capital. These policies include reducing the value of work-in-progress inventory, extending supplierUntuk meningkatkan likuiditasnya, Perseroan terus credit, accelerating the L/C negotiation of export salesmenstabilkan kolektabilitas piutang, hal ini terlihat dari and increasing or adding the financing/deposit facility ofprosentasi piutang yang umurnya lebih dari 90 hari di particular customer.tahun 2015 sebesar 41% naik sedikit menjadi 42% di tahun2016. Capital Expenditure Investment in 2016Di tengah minimnya struktur permodalan Perseroan, During 2016 the company had tried to set aside from the operational excess to pay down payment for theManajemen menerapkan beberapa kebijakan purchase of machines and overhaul in order to rejuvenate the machines to achieve the output and quality stability.pengelolaan modal kerja yang ada. Kebijakan-kebijakan Total cost expenditure for investment purposes of capital goods which has been issued is amounting to USD. 239.758ini meliputi pengurangan nilai persediaan work-in-progress, memperpanjang kredit supplier, mempercepatnegosiasi L/C penjualan ekspor dan meningkatkan ataumenambah fasilitas pendanaan/deposit dari pelanggantertentu.Investasi Barang Modal Tahun 2016Selama tahun 2016 perusahaan berusaha menyisihkandari kelebihan operasional untuk membayarkan uangmuka pembelian mesin-mesin maupun overhaul gunameremajakan mesin-mesin agar tercapai stabilitas outputdan mutu. Total pengeluaran dana untuk keperluaninvestasi barang modal yang telah dikeluarkan adalahsebesar USD. 239.758

ANALISIS DAN PEMBAHASAN MANAJEMEN Laporan Tahunan PT SLJ Global Tbk 2016 Target Saat ini dan Prospek Usaha di Masa Depan Current Targets and Business Prospects in the Future Untuk menunjang tujuan perusahaan, pada tahun To support the company’s objectives, by 2016 the 2016 Perseroan menempatkan nilai tinggi pada Company places a high value on the development of pengembangan produk yang diciptakan. Sesuai dengan created products. In accordance with (consistent with) permintaan konsumen atas kualitas produk yang lebih consumer demand for a better product quality. baik. The Company’s future business prospects are subject to Prospek usaha Perseroan di masa yang akan datang the following assumptions: tergantung beberapa asumsi sebagai berikut : 1. The stable condition of national and worldwide 1. Keadaan perekonomian nasional dan dunia yang economy. stabil. 2. There are no barriers to the availability of wood/ 2. Tidak ada hambatan tersedianya bahan baku kayu timber raw materials (logs) for industry and availability (logs) untuk industri serta bahan baku batubara of coal raw materials for Power Plant. untuk Power Plant. 3. There is no significant natural weather disturbance 3. Tidak ada gangguan cuaca alam yang signifikan that will affect the smoothness of logs’ production yang akan mempengaruhi kelancaran kegiatan and distribution activities. produksi dan distribusi logs. 4. There is no government policy that has any effect to 4. Tidak ada kebijakan Pemerintah yang berpengaruh the Company’s business. pada usaha Perseroan. 5. And the availability of sufficient working capital. 5. Dan tersedianya modal kerja yang cukup. For the above matters, then with the approval of the Atas hal tersebut, maka dengan persetujuan Dewan Board of Commissioners for the fiscal year of 2017, the Management projects an increase in Business Revenue Komisaris untuk tahun buku 2017 Manajemen Target of approximately 10%. memproyeksikan peningkatan target Pendapatan Usaha The future Company’s working capital derives from Cash and Bank at the end of 2016 and also cash receipts from sekitar 10%. current operations in 2017. The Company also expects to obtain additional working capital from external funding40 Modal kerja Perseroan di masa mendatang berasal dari activities. Kas dan Bank pada akhir tahun 2016 serta penerimaan kas dari aktivitas operasi berjalan di tahun 2017. Perseroan Sales and Marketing juga berharap mendapatkan tambahan modal kerja dari aktivitas pendanaan dari eksternal. The Company is focusing its sales and marketing strategy to serve the premium market that prioritizes product Penjualan dan Pemasaran quality and production consistency. With a good strategy, the Company strives to create quality products Perseroan memfokuskan penjualan dan strategi in accordance with customer needs. And with the credibility that has been built by the Company so far, the pemasarannya untuk melayani pasar premium yang Company believes it will be able to continue to grow and to innovate so that it can continue to grow sustainably. mengedepankan kualitas produk serta konsistensi Dividend produksi. Dengan strategi yang baik Perseroan berupaya Although the position of Company’s financial began menciptakan produk-produk yang berkualitas sesuai to improving but it still experience deficit in capital deficiency, so that the management has not been kebutuhan pelanggan. Dan dengan kredibilitas yang able to issue a policy on dividend distribution. However, without prejudice to the right of the General Meeting of dibangun Perseroan selama ini, Perseroan yakin akan Shareholders to determine otherwise in accordance with the Company’s Articles of Association and applicable mampu terus berkembang dan berinovasi sehingga laws and regulations, as well as to due regard to the cash availability. dapat terus bertumbuh secara berkesinambungan. For a detailed breakdown of the company’s financial Dividen performance, you may refer to the Audited Consolidated Financial Statements as of December 31, 2016 and for the Meskipun posisi keuangan Perseroan mulai membaik year then ended with independent auditors’ report. tetapi masih mengalami defisit pada defisiensi modal, sehingga manajemen belum dapat mengeluarkan kebijakan mengenai pembagian dividen. Namun demikian tanpa mengurangi hak RUPS untuk menentukan lain sesuai ketentuan Anggaran Dasar Perseroan serta perundangan yang berlaku, dan memperhatikan ketersediaan kas. Untuk mengetahui lebih rinci mengenai kinerja keuangan Perseroan, dapat dibaca pada Laporan Keuangan Konsolidasian beserta Laporan Auditor Independen tanggal 31 Desember 2016.



TATA KELOLA PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 TATA KELOLA PERUSAHAAN Good Corporate Governance Penerapan Tata Kelola Perusahaan yang Baik Good Corporate Governance Implementation Kami berkomitmen untuk tumbuh berkembang dan We hold our commitment on continuous growth and berdaya saing tinggi dengan memperhatikan prinsip- excelling our competitiveness by taking into account prinsip Tata Kelola Perusahaan yang baik (Good the principles of Good Corporate Governance (GCG). Corporate Governance – GCG). Implementasi GCG A maximum and thorough implementation of GCG dalam lingkungan bisnis Perseroan telah dilakukan has been performed since the first establishment of the secara maksimal dan menyeluruh sejak Perseroan dan Company and its Subsidiaries. entitas anak perusahaan berdiri. Every corporate action plans and policies that will be Setiap rencana tindakan korporasi serta kebijakan conducted by the Company, especially for matters which are considered important, the Board of Directors yang akan diambil dalam pelaksanaan tata kelola will consult and apply for approval which will be accompanied adequate explanations to the Board perusahaan khususnya untuk hal-hal yang dianggap of Commissioners. In developing plans, strategies and policies to be taken, especially related to the daily penting. Direksi melakukan konsultasi serta mengajukan operational and functional activities, the Board of Directors involve the role of the employees through the permohonan persetujuan yang disertai dengan divisions are established within the organization which is in accordance with their respective functions. Therefore, penjelasan–penjelasan yang memadai kepada Dewan what has been decided and implemented will still refer to the principle of Good Corporate Governance (GCG), Komisaris. Dalam hal penyusunan rencana, strategi Standard Operational Procedure (SOP) of the Company, in addition to consideration and compliance with each maupun kebijakan yang akan diambil khususnya terkait provision applying in the capital market, articles of association of the Company and other relevant rules and dengan kegiatan operasional dan fungsional sehari- regulations. hari, Direksi mengikutsertakan peran para karyawan We consistently implement GCG’s principles in view of it being our responsibility. Company continuously melalui divisi–divisi yang dibentuk dalam organisasi sesuai trying to implement Good Corporate Governance principles (GCG) in each of its business activities in all dengan fungsinya masing-masing. Dengan demikian apa levels or organization level, starting from the Board of Commissioners’, Directors’ until the officer employees. yang diputuskan dan dilaksanakan tetap berpedoman The implementation of the Company was based on the 5 (five) basic principles, as followed : pada prinsip Good Corporate Governance (GCG), • Transparency42 Standard Operational Procedure (SOP) Perseroan, • Accountability • Responsibility selain memperhatikan dan memenuhi setiap ketentuan • Independency • Fairness yang berlaku di bidang pasar modal, Anggaran Dasar Corporate Governance Structure Perseroan serta peraturan dan perundangan terkait Our instruments have their respective functions or lainnya. roles, duty, and responsibilities. We have appointed a competent Independent Commissioner, Audit Kami menerapkan prinsip-prinsip GCG secara konsisten Committee, Corporate Secretary, and Internal Audit to dengan memandang bahwa implementasi GCG perform in line with the Company’s Vision, Mission, and merupakan sebuah kewajiban. Perseroan terus berupaya Corporate Value. We ensure the division of responsibility in untuk menetapkan prinsip-prinsip Tata Kelola Perusahaan the management, both under the Board of Commissioners (GCG) dalam setiap usahanya pada seluruh tingkatan and Board of Directors, has been properly managed and atau jenjang organisasi, mulai dari Dewan Komisaris, taking into account the present risks. Direksi, sampai dengan pegawai tingkat pelaksana. Pelaksanaan GCG Perseroan berlandaskan pada 5 (lima) prinsip dasar, yaitu : • Transparansi • Akuntabilitas • Pertanggungjawaban • Independensi • Kewajaran Struktur Tata Kelola Perusahaan Kami memiliki organ-organ dengan masing-masing fungsi atau peran, tugas dan tanggung jawabnya. Kami juga telah menunjuk Komisaris Independen, Komite Audit, Sekretaris Perusahaan, serta Corporate Audit yang kompeten dan mampu bekerja selaras dengan Visi, Misi serta nilai-nilai Perseroan. Kami juga memastikan bahwa pembagian tanggung jawab diantara manajemen Perseroan, baik yang berada di bawah naungan Dewan Komisaris, maupun yang berada di bawah Direksi, telah dilaksanakan dengan seksama dan telah mempertimbangkan pula faktor risiko yang ada.

Good Corporate Governance Annual Report PT SLJ Global Tbk 2016Struktur Tata Kelola Perseroan meliputi struktur organ The Corporate Governance Structure covered main andperusahaan utama dan pendukung, dimana organ supporting instruments of Company, in which the mainutama terdiri dari : instrument consisted of :• Rapat Umum Pemegang Saham (RUPS) • General Meeting of Shareholders (GMS)• Dewan Komisaris • The Board of Commissioners’• Direksi • The Board of Directors’Sementara organ pendukung terdiri dari : Meanwhile the supporting instruments consisted of :• Komite Audit • Audit Committee• Sekretaris Perusahaan • Corporate Secretary• Internal Audit • Corporate Audit 43RAPAT UMUM PEMEGANG SAHAM GENERAL MEETING OF SHAREHOLDERS GMS was the Company highest instrument in which allRUPS merupakan organ tertinggi Perseroan dimana matters related with the interest of the Company businesssegala hal yang berkaitan dengan kepentingan usaha would be discussed and decided in this forum by takingPerseroan akan dibahas dan diputuskan dalam forum into account the articles of association and also theini dengan memperhatikan Anggaran Dasar serta prevailing rules and regulation. GMS consisted of :peraturan perundang-undangan yang berlaku. Adapun • Annual GMS (AGMS)RUPS terdiri dari :• RUPS Tahunan (RUPS-T) Denoted that GMS which was held every year and followed agendas such as approving the Merupakan RUPS yang diadakan tiap-tiap tahun Annual Report, the proposal of Public Accountant yang memiliki agenda seperti persetujuan Laporan appointment, and other programs in accordance Tahunan, usulan penunjukan Akuntan Publik dan with the Articles of Association and prevailing rules agenda-agenda lain yang sesuai dengan Anggaran and regulations. Dasar dan peraturan perundang-undangan yang • Extraordinary GMS (EGMS) berlaku. Is other GMS that could be held any time based on the needs in decision making related with the interest• RUPS Luar Biasa (RUPS-LB) of the Company business.Merupakan RUPS lainnya yang dapat diadakansetiap waktu berdasarkan kebutuhan dalam The shareholders are fully authorized to acquirepengambilan keputusan terkait kepentingan usaha information about the performance of monitoring andPerseroan. management from the Board of Commissioners and the Board of Directors through the Annual General MeetingPemegang saham memiliki kewenangan penuh dan of Shareholders (AGMS). In AGMS, the shareholders makeberhak memperoleh keterangan mengenai kinerja a resolution to accept or decline reports from the Boardpengawasan dan pengelolaan Perseroan dan Dewan of Commissioners’ and the Board of Directors’.Komisaris atau Direksi, melalui forum Rapat UmumPemegang Saham Tahunan (RUPS-T). Melalui RUPS-T,Pemegang Saham mengambil keputusan untuk menerimaatau menolak laporan Dewan Komisaris dan Direksi.

TATA KELOLA PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 Informasi Keputusan RUPS Tahun Buku 2014 -11 Juni 2015 Information of Resolution of General Meeting of Shareholder (GMS) for Fiscal year of 2014 - June 11st, 2015 Pada tahun 2015, Perseroan mengadakan satu kali RUPS In 2015, the Company held single Annual General Meeting of Shareholder (RUPS). Such Company’s Annual General Tahunan. RUPS Tahunan Perseroan diselenggarakan Meeting of Shareholders was held on June 11th, 2015 in Jakarta, and the resolution set out in such the AGMS are pada tanggal 11 Juni 2015 di Jakarta, dan keputusan as follows: 1. a. Accepting and approving the Annual Report of yang ditetapkan dalam RUPS Tahunan tersebut adalah the Company, as well as approving and sebagai berikut: validating the Company’s Annual Calculation for the fiscal year of 2014. 1. a. Menerima dan menyetujui Laporan Tahunan b. Providing the full redemption and discharge of Perseroan, serta menyetujui dan mengesahkan responsibility (acquit et decharge) to the members of the Board of Directors of the Company for their Perhitungan Tahunan Perseroan untuk tahun management actions that they implemented and carried out during the fiscal year of 2014 buku 2014. as well as to the Board of Commissioners of the Company for the supervisory actions they carried b. Memberikan pelunasan dan pembebasan out and implemented during the fiscal year of 2014. To the extent that such actions were tanggung jawab sepenuhnya (acquit et reflected in the annual consolidated calculations of the Company and its subsidiaries for the fiscal decharge) kepada para anggota Direksi year concerned. c. Approving that there will be no dividend payout Perseroan atas tindakan pengurusan yang for fiscal year of 2014. mereka lakukan dan jalankan selama tahun buku 2014 dan kepada Dewan Komisaris Perseroan atas tindakan pengawasan yang dilakukan dan dijalankan selama tahun buku 2014. Sejauh tindakan-tindakan tersebut tercermin dalam perhitungan tahunan konsolidasian Perseroan dan anak perusahaan untuk tahun buku yang bersangkutan. c. Menyetujui tidak ada pembagian dividen untuk tahun buku 2014. 2. a. Menyetujui dan mengangkat kembali 2. a. Approving and reappointing the composition susunan Direksi dan Dewan Komisaris Perseroan (structure) of Company’s Board of Directors and sebagai berikut : Board of Commissioners as follows: BOARD OF DIRECTORS’44 DIREKSI - President Director : Amir Sunarko - Presiden Direktur : Amir Sunarko - Vice President Director : Dr. David, SE. MM - Wakil Presiden Direktur : Dr. David, SE. MM - Director : Rudy Gunawan - Direktur : Rudy Gunawan DEWAN KOMISARIS BOARD OF COMMISSIONERS’ - Presiden Komisaris : Wijiasih Cahyasasi - President Commissioner : Wijiasih Cahyasasi - Komisaris : Kadaryanto - Commissioner : Kadaryanto - Komisaris Independen : Amiruddin Arris - Independent Commissioner : Amiruddin Arris - Komisaris Independen : Dr. Tonny Hendratono, - Independent Commissioner : Dr. Tonny SE. MM Hendratono, SE. MM b. Menyetujui penetapan gaji dan tunjangan Direksi dan Dewan Komisaris. b. Approving the determination of salaries and allowances of the Board of Directors and Board of Commissioners. 3. Menyetujui perubahan dan pernyataan kembali 3. Approving the amendment and re-statement of the Anggaran Dasar Perseroan pasal 13 sampai dengan Company’s Articles of Association in article 13 up pasal 25 untuk disesuaikan dengan peraturan OJK to article 25 to conform with regulation of Financial nomor 32 dan nomor 33. Service Authority (OJK) number 32 and number 33. 4. Menyetujui memberikan wewenang kepada Direksi 4. Approving to authorize the Board of Directors of Perseroan untuk menunjuk Akuntan Publik yang akan the Company to appoint a Public Accountant who melakukan audit laporan keuangan Perseroan untuk will audit the Company’s financial statements for tahun buku yang berakhir pada tanggal 31 Desember the financial year ending on December 31st, 2015 2015 dan memberikan wewenang kepada Direksi as well as to authorize the Board of Directors of the Perseroan untuk menetapkan honorarium Akuntan Company to determine the honorarium rate of the Publik tersebut. Public Accountant concerned. Keputusan-keputusan RUPS tahun buku 2014 telah The Decisions of the General Meeting of Shareholder seluruhnya direalisasikan dan dijalankan sepanjang for fiscal year of 2014 have been fully realized and tahun 2015. implemented throughout 2015.

Good Corporate Governance Annual Report PT SLJ Global Tbk 2016Informasi Keputusan RUPS Tahun Buku 2015 - 2 Juni 2016 Information of Resolution of General Meeting of Shareholder (GMS) for the Fiscal Year 2015 - June 2nd, 2016Pada tahun 2016, Perseroan mengadakan satu kali RUPS In 2016, the Company held single Annual GeneralTahunan. RUPS Tahunan Perseroan diselenggarakan Meeting of Sharholders (RUPS). The Company’s Annualpada tanggal 2 Juni 2016 di Jakarta, dan keputusan General Meeting of Shareholders was held on June 2nd,yang ditetapkan dalam RUPS Tahunan tersebut adalah 2016 in Jakarta, and the resolutions set out in such AGMSsebagai berikut: are as follows:1. a. Menerima dan menyetujui Laporan Tahunan 1. a. Accepting and approving the Annual Report Perseroan, serta menyetujui dan mengesahkan of the Company, as well as approving and Perhitungan Tahunan Perseroan untuk tahun validating the Company’s Annual Calculation buku 2015. for the fiscal year of 2015. b. Memberikan pelunasan dan pembebasan b. Providing the full redemption and discharge tanggung jawab sepenuhnya (acquit et of responsibility (acquit et decharge) to the decharge) kepada para anggota Direksi members of the Board of Directors of the Perseroan atas tindakan pengurusan yang Company for their management actions that mereka lakukan dan jalankan selama tahun buku they implemented and carried out during 2015 dan kepada Dewan Komisaris Perseroan the fiscal year of 2014 as well as to the Board atas tindakan pengawasan yang dilakukan of Commissioners of the Company for the dan dijalankan selama tahun buku 2015. Sejauh supervisory actions they carried out and tindakan-tindakan tersebut tercermin dalam implemented during the fiscal year of 2014. To perhitungan tahunan konsolidasian Perseroan the extent that such actions were reflected in dan anak perusahaan untuk tahun buku yang the annual consolidated calculations of the bersangkutan. Company and its subsidiaries for the fiscal year concerned. c. Menyetujui tidak ada pembagian dividen untuk c. Approving that there will be no dividend payout tahun buku 2015. for fiscal year of 2015.2. Menyetujui memberikan wewenang kepada Direksi 2. Approving to authorize the Board of Directors of Perseroan untuk menunjuk Akuntan Publik yang akan the Company to appoint a Public Accountant who melakukan audit laporan keuangan Perseroan untuk will audit the Company’s financial statements for 45 tahun buku yang berakhir pada tanggal 31 Desember the financial year ending on December 31st, 2016 2016 dan memberikan wewenang kepada Direksi as well as to authorize the Board of Directors of the Perseroan untuk menetapkan honorarium Akuntan Company to determine the honorarium rate of the Publik tersebut. Public Accountant concerned.Keputusan-keputusan RUPS tahun buku 2015 telah The Decisions of the General Meeting of Shareholderseluruhnya direalisasikan dan dijalankan sepanjang for fiscal year of 2015 have been fully realized andtahun 2016. implemented throughout 2016.DEWAN KOMISARIS THE BOARD OF COMMISSIONERS’Dewan Komisaris merupakan organ Perseroan yang The Board of Commissioners is a Company’s instrumentbertanggung jawab secara kolektif untuk melakukan with collective responsibility to monitor and give advicepengawasan dan memberikan saran serta masukan to the Board of Directors to ensure the implementation ofkepada Direksi guna memastikan bahwa Perseroan GCG’s principles in all organization levels. An individualmelaksanakan prinsip-prinsip GCG pada seluruh jenjang is eligible to be appointed as member of the Board oforganisasi. Adapun kriteria bagi seseorang yang dapat Commissioners by the following criteria: an individualdiangkat sebagai anggota Dewan Komisaris adalah who meets the requirements pursuant to the prevailingorang perseorangan yang memenuhi persyaratan regulations, never been declared bankrupt, is not asesuai peraturan perundang-undangan yang berlaku, member of Board of Directors or Board of Commisionerstidak pernah dinyatakan pailit, tidak menjadi anggota which is found guilty has been convicted of criminal actDireksi atau Komisaris yang dinyatakan bersalah karena prior to his appointment. The Company shall employ anmelakukan tindak pidana sebelum pengangkatannya. Independent Commissioner pursuant to the prevailingPerseroan wajib memiliki Komisaris Independen sesuai regulations. The Board of Commissioners is supported bydengan peraturan perundang-undangan yang berlaku. the Audit Committee in performing its duties. RegulationDalam rangka mendukung pelaksanaan tugasnya, about Commissioners’ and Directors’ were performedDewan Komisaris dibantu oleh Komite Audit. Ketentuan according to OJK regulation number 33/POJK.04/2014.mengenai Dewan Komisaris dan Direksi dilaksanakansesuai Peraturan Otoritas Jasa Keuangan nomor 33/ Composition of The Board of Commissioners’POJK.04/2014. In 2016, the Board of Commissioners’ consists of 4 (four)Komposisi Dewan Komisaris members as follow :Pada 2016, komposisi Dewan Komisaris berjumlah 4(empat) orang sebagai berikut :

TATA KELOLA PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 Pengangkatan dan Pemberhentian Dewan Komisaris Appoinment and Dismissal of the Board of Commissioners Anggota Dewan Komisaris diangkat dan diberhentikan dengan Members of the Board of Commissioners are appointed and keputusan RUPS setelah melalui proses pencalonan sesuai dismissed pursuant to the AGMS resolution after candidacy dengan Anggaran Dasar dan perundang-undangan yang process in accordance with the prevailing rules and regulation. berlaku. Sesuai Akta Pernyataan Keputusan Rapat Umum Pursuant to the Deed of Meeting Minutes of PT SLJ Global Tbk No. Pemegang Saham Tahunan PT SLJ Global Tbk No. 9 tanggal 7 Juli 9 dated July 7, 2015, Board of Commissioners’ terms of office is 2015, dengan masa jabatan anggota Dewan Komisaris selama 2 years. 2 tahun. Duties and Authority of the Board of Commissioners Tugas dan Wewenang Dewan Komisaris The Board of Commissioners’ has the rights and authority to46 Dewan Komisaris memiliki hak dan wewenang untuk melakukan monitor the policy of the Company’s management conducted pengawasan terhadap kebijakan manajemen Perseroan yang by the Board of Directors. The policy includes development dilaksanakan oleh Direksi meliputi rencana pengembangan, plan, business and annual budet plan, implementation and rencana bisnis dan anggaran tahunan, pelaksanaan dan compliance to the Articles of Association, the GMS resolutions, kepatuhan pada ketentuan Anggaran Dasar, serta keputusan and the prevailing rules and regulation. RUPS dan peraturan perundang-undangan yang berlaku. In term of the implementation of GCG practice in the Dalam kaitan dengan pelaksanaan praktik GCG di lingkungan Company, the Board of Commissioners has the following duty Perseroan, tugas dan tanggung jawab untuk melakukan and responsibilities: to monitor the Board of Directors’ policy in pengawasan atas kebijaksanaan Direksi dalam menjalankan running the Company; to request and acquire information on all Perseroan: meminta dan memperoleh penjelasan dari Direksi matters related to the Company from the Board of Directors; has atas segala hal yang terkait dengan Perseroan, memperoleh the right to access the Company’s information; to form an Audit akses atas informasi Perseroan, membentuk Komite Audit dan Committee and other Committees as deemed necessary; and komite lainnya sesuai dengan kebutuhan Perseroan, serta to monitor the effectiveness of GCG practice. memantau efektivitas praktik GCG Perseroan. Board of Commissioners exercises control over its main function Dewan Komisaris Perseroan melakukan kontrol melalui fungsi as the supervisor of Directors in implementing corporate governance. The monitoring function will be carried out utamanya sebagai pengawas Direksi dalam menjalankan through the optimization of the independent Audit Committee established by the Board of Commissioners. Based on the tata kelola perusahaan. Fungsi pengawasan tersebut information submitted in the form of regular reports from the Audit Committee, the Board shall provide advice, consideration dilaksanakan antara lain melalui optimalisasi fungsi Komite Audit and suggestions to the Board of Directors relating to the maintenance policy and specific activities to be executed by Independen yang dibentuk Dewan Komisaris. Berdasarkan the Company. Board of Commisioners can give consent or refuse certain actions proposed or which will be made by the Board of informasi-informasi yang disampaikan dalam bentuk laporan Directors whenever in the opinion of the Board of Commissioners, the actions are contrary to the interests of the Company. rutin dari Komite Audit, Dewan Komisaris memberikan nasihat, Board Manual of Board of Commissioners pertimbangan dan masukan kepada Direksi terkait dengan The Board of Commissioners performs its monitoring function kebijakan pengurusan serta aktifitas–aktifitas tertentu yang akan based on the Board Manual of Board of Commissioners and Board of Directors. Board Manual consists of guidelines of work dilaksanakan Perseroan. Dewan Komisaris dapat memberikan governance of the Board of Commissioners and the Board of Directors as well as description of activity stages in a structural and persetujuan maupun menolak tindakan-tindakan tertentu yang straightforward manner and consistent implementation. Board Manual becomes a reference for the Board of Commissioners diusulkan atau akan dilakukan oleh Direksi bilamana menurut and Board of Directors in performing their respective duties pertimbangan Dewan Komisaris tindakan tersebut bertentangan dengan kepentingan Perseroan. Pedoman Kerja Dewan Komisaris Dewan Komisaris menjalankan fungsi pengawasan dengan berpegang pada Pedoman Kerja Dewan Komisaris dan Direksi (board manual). Board manual berisi petunjuk tata laksana kerja Dewan Komisaris dan Direksi serta penjelasan tahapan aktifitas secara terstruktur, sistematis, mudah dipahami, dan dapat dijalankan dengan konsisten. Board manual menjadi acuan bagi Dewan Komisaris dan Direksi dalam melaksanakan tugas masing-masing untuk mencapai visi dan misi Perseroan,

Good Corporate Governance Annual Report PT SLJ Global Tbk 2016sehingga diharapkan tercapai standar kerja yang tinggi selaras to achieve the Company’s Vision and Mission, as well as highdengan prinsip-prinsip GCG. performance standard.Remunerasi Dewan Komisaris Remuneration of Board of Commissioners’Penetapan remunerasi Dewan Komisaris dilakukan sesuai Determination of remuneration for the members of Board ofdengan ketentuan dalam Anggaran Dasar dan keputusan Commissioners’ is conducted in accordance with the provisionsRUPS Perseroan yang kemudian ditindaklanjuti dengan of the articles of association and the resolution of Generalkeputusan Dewan Komisaris. Jumlah remunerasi untuk seluruh Meeting of Shareholders of the Company and will be followedDewan Komisaris sebagaimana tercantum pada halaman with the decision of the Board of Commissioners. The amount13 Laporan Keuangan Perseroan tanggal 31 Desember 2016 of remuneration for all members Board of Commissioners’ is asyang merupakan satu kesatuan dengan Laporan Tahunan set out on page 13 of the Financial Statements of the Companyini. dated December 31, 2016 which forms an integral part of this Annual Report.Frekuensi Rapat dan Kehadiran Dewan Komisaris Meeting Frequency and Attendance of Board of CommissionersSelama 2016, Dewan Komisaris mengadakan rapat internalsebanyak 6 (enam) kali dan rapat gabungan Dewan Komisaris In 2015, the Board of Commissioners held 6 (six) internal meetingsdengan Direksi sebanyak 4 (empat) kali dengan tingkat and 4 (four) joint meetings with the Board of Directors withkehadiran 100% untuk setiap anggota. attendance rate of 100% for each member. 47Penilaian Kinerja Dewan Komisaris The Assessment of Board of Commissioners’Penilaian kinerja Dewan Komisaris dilakukan dalam RUPS dimana Performance assessment of the Board of Commissioners’ waspenilaian dilakukan secara self assessment terhadap KPI (Key conducted in GMS in which the assessment is a self assessmentPerformance Index) yang telah ditetapkan. on the KPI (Key Performance Index) set.Penilaian Kinerja Komite Penunjang Dewan Komisaris The Assessment of Committee Under the Board of CommissionersPenilaian terhadap kinerja Komite Audit Perseroan dilakukan Performance assessment of Audit Committee Company thesecara self assessment terhadap KPI yang telah ditetapkan. assessment is a self assessment on the KPI set. The functions of theKomite Audit berfungsi memberikan pendapat kepada Dewan Audit Committee of the Company are to advice the Board ofKomisaris mengenai laporan Direksi. Dalam pelaksanaan Commissioners concerning the reports of the Board of Directors.tugasnya untuk menjaga agar tidak terjadi kasus penyelewengan In the performace of its duties to prevent misapporopriationatau kecurangan dalam tubuh perusahaan, Komite Audit or fraud within the Company, the Audit Committee is directlybertanggung jawab secara langsung kepada Dewan Komisaris. responsible to the Board of Commissioners.Prosedur Nominasi dan Remunerasi Procedure Nomination and RemunerationUntuk melaksanakan fungsi Nominasi dan Remunerasi, Dewan In order to implement the functions of Nomination andKomisaris tidak membentuk Komite Khusus dengan penjelasan Remuneration Committee, the Board of Commissioners’ did notsebagai berikut : form a special committee with the following explanation:a. Fungsi Nominasi dan Remunerasi merupakan fungsi Dewan a. Nomination and Remuneration function is a function of the Komisaris dan untuk melaksanakan fungsi tersebut telah b. Board of Commissioners and to perform these functions dibuat Pedoman Dewan Komisaris yang disebut “Piagam Board of Commissioners has created guidelines called Pelaksanaan Fungsi Nominasi dan Remunerasi”. Piagam ini “Implementation of the Charter of the Nomination and dibuat sesuai dengan ketentuan Pasal 20 Peraturan OJK Remuneration function”. The Charter is made in accordance No. 34/POJK.04/2014. with the provisions of Article 20 of the FSA Regulation No. 34 / POJK.04 / 2014.b. Terkait fungsi Nominasi, mengingat kewenangan untuk Related to Nomination Function, The authority to propose someone in the position as member of the Board of Directors mengusulkan seseorang dalam jabatan sebagai anggota or the Board of Commissioners exist on the shareholders, Hence, function of the Board of Commissioners’ in this case Direksi dan atau anggota Dewan Komisaris ada pada pemegang saham, maka fungsi Dewan Komisaris

TATA KELOLA PERUSAHAAN Laporan Tahunan PT SLJ Global Tbk 2016 dalam hal ini dibatasi pada memberikan rekomendasi is limited to making recommendations submitted to the yang disampaikan ke Rapat Umum Pemegang Saham, General Meeting of Shareholders, Throughout nominated sepanjang calon yang diajukan memenuhi persyaratan candidates meet the administrative requirements as administrasi sebagaimana ketentuan dalam Undang- stipulated in the laws and regulations related to the FSA. Undang dan Peraturan OJK terkait. c. Terkait Remunerasi untuk Dewan Komisaris, diberikan sesuai c. Related Remuneration to the Board of Commissioners, d. dengan basis formula yang ditetapkan oleh RUPS dan d. granted in accordance with the base formula set by the besarnya untuk masing-masing anggota Dewan Komisaris GMS and the amount for each member of the Board of ditetapkan oleh Dewan Komisaris. Commissioners determined by the Board of Commissioners. Terkait Remunerasi untuk Direksi, diusulkan oleh pemegang Related Remuneration to the Board of Directors, proposed saham dan besarnya untuk masing-masing anggota Direksi by shareholders and the amount for each member ditetapkan oleh Dewan Komisaris. of the Board of Directors determined by the Board of Commissioners. Independensi Dewan Komisaris Board of Commissioners’ Independency Antar anggota Dewan Komisaris dan antara anggota Dewan Among members of the Board of Commissioners and between Komisaris dengan anggota Direksi tidak ada hubungan keluarga the members of the Board of Commissioners and Directors sedarah sampai dengan derajat kedua, baik menurut garis lurus had no family relationship up to second degree, horizontally or maupun garis ke samping atau hubungan pernikahan. vertically or marriage relationship. DIREKSI THE BOARD OF DIRECTORS’ Direksi merupakan organ Perseroan yang bertugas dan The Board of Directors is a Company’s instrument collegially bertanggung jawab secara kolegial dalam mengelola serves and takes responsibility in managing the Company. The Perseroan. Tugas utama Direksi adalah bertindak dan mewakili Board of Directors’ main duty is to take action and represent for untuk dan atas nama Perseroan. Direksi juga bertanggung and on behalf of the Company. The Board of Directors performs jawab melaksanakan tugasnya mencapai visi dan misi dengan its duty to achieve the vision and mission by ensuring an optimum memastikan aktifitas kinerja Perseroan dilakukan secara optimal. performance of the Company.48 Anggota Direksi dapat diberhentikan sewaktu-waktu sebelum Members of Board of Directors may at any time be dismissed, masa jabatannya berakhir, dengan menyebutkan alasannya, based on reasonable consideration, after the aforementioned setelah anggota Direksi yang bersangkutan diberi kesempatan member is invited for an opportunity to defend oneself in the untuk hadir dalam Rapat Umum Pemegang Saham guna General Meeting of Shareholders. The terms of office of the membela diri dalam Rapat umum Pemegang Saham tersebut. Directors ceases if such member : Jabatan anggota Direksi berakhir apabila: a. Meninggal dunia; a. Passes away; b. Masa jabatannya berakhir; b. Is at the end of his term; c. Diberhentikan berdasarkan keputusan Rapat Umum c. Is dismissed pursuant to the resolution of General Meeting of Pemegang Saham; Shareholders; d. Mengundurkan diri; d. Resigns; e. Tidak lagi memenuhi persyaratan sebagai anggota Direksi e. Is no longer eligible as members of the Board of Directors berdasarkan ketentuan Anggaran Dasar dan peraturan pursuant to the Articles of Association and prevailing rules perundang-undangan yang berlaku. and regulations. Komposisi Direksi Composition of Board of Directors Pada 2016, komposisi Direksi Perseroan berjumlah 3 (tiga) orang In 2016, the Board of Directors consists of 3 (three) members as sebagai berikut : follow :