Sidoarjo, July 5th, 2021

Largest vertically integrated wooden products manufacturer in Indonesia, PT Integra Indocabinet Tbk (WOOD IJ) recorded 6M21 on hand sales order reached IDR3.4 trillion, which was an additional IDR765 billion sales order June 2021 alone.

The global shipping-container shortage and port congestion have pushed the logistic cost higher for buyers/importers to bear. Exporting countries which import most of their raw materials such as wood are struggling in increasing selling prices to maintain profit margin while need to offer competitive prices and take into account the increasing shipping cost that bear by buyers. Fortunately, Integra which strategically located in Indonesia, dominantly sources its raw materials domestically. Therefore, Integra could offer more competitive selling prices to buyers. The disruption in international trade creates a positive spillover effect in escalating the demand on both Company’s furniture and building component products.

As of June 2021 period, Integra revenue reach IDR526 billion (vs. IDR254 billion: June 2020) or grew by 106.9% YoY, hence bring its 2Q21 revenue to IDR1.2 trillion (vs. IDR652 billion: 2Q20) or grew by 90.4%; and 6M21 revenue to IDR2.2 trillion (vs. IDR1.1 trillion: 6M20) or grew by 89.8% YoY.

The strong sales order and sales revenue in 1H21 showed its prospective potential growth going forward. In the 2H21, we should expect higher sales orders to coming in as huge demand from both furniture and building component segments start to kick in. US market will remain as the largest sales contributor with other regions like Europe and domestic starting to recover

About PT Integra Indocabinet Tbk:

Founded in 1989 in Sidoarjo, East Java, PT Integra Indocabinet Tbk is the largest vertically integrated wooden products manufacturer in Indonesia. Integra has established itself as the fastest growing furniture manufacturer with international and domestic accreditation. Integra promotes the use of sustainable resources and supports the livelihoods of local communities. The group employs over 2,500 team members across Indonesia.

For further information, please contact:
E-mail : corsec.integra@iil.co.id
Tel : (62 31) 891 0434
Website : www.integragroup-indonesia.com

This press release has been prepared by PT Integra Indocabinet Tbk (WOOD) and is circulated for the purpose of general information only. It is not intended for any specific person or purpose and does not constitute a recommendation regarding the securities of WOOD. No warranty (expressed or implied) is made to the accuracy or completeness of the information. All opinions and estimations included in this release constitute our judgment as of this date and are subject to change without prior notice. Integra disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this press release and neither Integra nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission here from which might otherwise arise.

Forward-Looking Statements
Certain statements in this release are or may be forward-looking statements. These statements typically contain words such as “will”, “expects” and “anticipates” and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that could cause actual results to differ include, but are not limited to, economic, social and political conditions in Indonesia; the state of the property industry in Indonesia; prevailing market conditions; increases in regulatory burdens in Indonesia, including environmental regulations and compliance costs; fluctuations in foreign currency exchange rates; interest rate trends, cost of capital and capital availability; the anticipated demand and selling prices for our developments and related capital expenditures and investments; the cost of construction; availability of real estate property; competition from other companies and venues; shifts in customer demands; changes in operation expenses, including employee wages, benefits and training, governmental and public policy changes; our ability to be and remain competitive; our financial condition, business strategy as well as the plans and objectives of our management for future operations; generation of future receivables; and environmental compliance and remediation. Should one or more of these uncertainties or risks, among others, materialize; actual results may vary materially from those estimated, anticipated or projected. Specifically, but without limitation, capital costs could increase, projects could be delayed and anticipated improvements in production, capacity or performance might not be fully realized. Although we believe that the expectations of our management as reflected by such forward-looking statements are reasonable based on information currently available to us, no assurances can be given that such expectations will prove to have been correct. You should not unduly rely on such statements. In any event, these statements speak only as of the date hereof, and we undertake no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.