United Tractors Wins the 2023 CSA Award for Outstanding Performance

The award presentation by AAEI representatives to the Corporate Secretary of UT, Sara K. Loebis.

Jakarta, November 23, 2023 – PT United Tractors Tbk (UT), with the stock code UNTR, won the 2023 CSA Award in The Best Industrials Sector on the Main Board and Best of The Best categories. This award, presented by the Indonesian Securities Analysts Association (AAEI) in collaboration with CSA Research, recognizes companies with sustainable fundamental performance and business achievements. Analysts and capital market experts also acknowledge UT for positively contributing to developing Indonesia’s capital market.

“This award aims to appreciate companies with sustained positive performance. Additionally, it provides an opportunity for companies to showcase themselves as the right investment choice for investors,” said Haryajid Ramelan, Chairman of the CSA Award Implementation Committee.

This award shows that UT has achieved positive performance despite internal financial challenges and the less stable global economy. The award was presented by AAEI representatives to UT’s Corporate Secretary, Sara K. Loebis, at Menara 165 Building, Jakarta.

UT’s success in receiving this award is a testament to the Company’s strong fundamental performance. Moreover, UT is committed to enhancing sustainability initiatives consistently reported in its sustainability report. This demonstrates UT’s attention to maintaining and improving its performance, consistently implementing Environmental, Social, and Governance (ESG) aspects in its business operations.

“We express our gratitude for the appreciation and recognition given. Hopefully, this award will be able to motivate every individual at UT to work better and contribute to building Indonesia’s future sustainably,” said Corporate Secretary UT, Sara K. Loebis.

The evaluation criteria focus on qualitative assessments based on the Company’s business prospects, innovation, and analysts’ responses. The jury’s assessment considers profitability, transparency to shareholders, Good Corporate Governance (GCG), stock liquidity, risk management, and ESG.

Through this award, UT continues its commitment to innovation, providing the best solutions for the environment and society and making positive contributions internally and externally. Additionally, UT will continue to enhance governance in its business operations through better decision-making processes, improved operational efficiency, optimized services, and strengthening corporate values and stakeholder trust.

United Tractors’ Overview

PT United Tractors Tbk (UT), known as Indonesia’s largest heavy equipment distributor, has been established since 1972. UT operates in five business pillars: Construction Machinery, Mining Contracting, Mining, Construction Industry, and Energy. The company also actively works towards achieving Sustainable Development Goals (SDGs) and promoting sustainability.

ESG United Tractors

As a world-class heavy equipment, mining, and energy company with more than 50 years of experience in Indonesia, UT is committed to presenting a sustainable future for Indonesia through the effective application of ESG principles by paying attention to the environment, having a good impact on society, and upholding good corporate governance. good corporate governance at all levels of its business operations and optimizing its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.