Pt Antam (persero) Tbk · IDX:ANTM
Pt Antam (persero) Tbk — PT Aneka Tambang Tbk (Antam) — Shareholder Meeting (May 2005)
27 slides from Pt Antam (persero) Tbk's shareholder meeting presentation, May 30, 2005
Slide 1: Antam Progress 2004 Annual General Meeting of Shareholders
ANTAM PROGRESS a 2004 ANNUAL GENERAL i ING OF ANTAM SHAREHOLDERS | 2004 profitably expanding operations in a sustainable nn
Slide 2: Outlook: Stainless Steel and Nickel
Outlook Stainless Steel |= On May 12, 2005 nickel price. reached..16-year Pigeons. CAGR = 7.3% + Nickel price will average ‘¢ between US$5.3/lbs — US$6.75/Ibs in 2005 + - No significant additional supplies until 2006-2007 » World nickel supply deficit © estimated 14,000 tonnes in 2005 900 . 2001 200
Slide 3: Outlook: Gold price and cost levels
ol ry _ World In Outlook Gold price is linked to movements of US dollar Strong price related to gold, being a safe haven investment, US economic conditions and global geopolitical insecurities China’s middle class now seeking to purchase luxury: goods Barclays 415) 405 JP Morgan GFMS”, Merril] " Inc
Slide 4: Focus on core business
. Focus on core business s . Enhance ongoing operatio * Growth by.maximizing resources, strategic alliances and acquisition opportunities. 2. Sustain solid capital structure. 3. - Improve productivity by implementing a,performance based human resources management. OQ. March 4% A fire in the ile iner
Slide 5: 2004 events: FeNi overhaul and iron sand operation
the full overhaul of FeNi September 10%: An ince conducted every 8- Il, part of the routine maint 10 years. October :7%:.Antam appoints new Corporate Secretary, replacing October 10; PT Antam hand er iron sand mine operation to its subsidiary PY Antam Resourcindo. r. Dohar Siregar.
Slide 6: Vertically integrated activities and production
Kutoarjo {tron Sands) | Antam’s main activities are vertically integrated from exploration, development, a mining, processing, refining and marketing gy — {Fonne Ni) 10,114 10,200 10,3027 {0/259 8, 7245 7,897 2001 2002 ES Proctuction 2000
Slide 7: Nickel cash cost and production cost
7 6 $4 4 3 2 (US$ib Ni) 2000 2004 2002 —@- Cash Cost —ik- Production Cost (000 wmt) 2000 2001 ES Production 2002
Slide 8: Production, cost and selling price
(000 Wmt) 089 1,087 2001 Ea Production (US$wmt) 50 40. 30 20 10.7) a 8.84 10 2000 2001 2002 200 + Cash Cost Production Cost —#- Average Selling Price
Slide 9: Production, cost and selling price
(USS/ wmt) 749g 2000 2001 2002 i [-@- Cash Cost_—a- Production Cost —fa— Average Selling Price 2001 2002: { Production
Slide 10: Gold production and cost
(US$/oz) 450.9 400.5 350.5 3004 250 4 150.71 2000 [3 Production
Slide 11: Environmental performance and spending
{USS/wmt) ~@- Cash Cost —4- Production Cost Se erage Seling Price Performance Rating Program.{PRO Ministry of Environment. Pomiald Indonesia currently does not hav facility for the Chronic. Test:which'¢ is not classified as toxic waste. ‘The proved no toxic waste found: btain Red ratin it nickel «In
Slide 12: Gebe mine closure and Pongkor safety
On November 29%, 2004 Gebe due to depleted nickel Antam has prepared provisions Plan. Gebe post mining activities includ environmental management’ an investors to develop loc commitment to continue economy. Antam will open a new nickel m Maluku in mid 205. | the Gebe Mine Closure land rehabilitation
Slide 13: Work safety and health awards
* In 2004, “Antam was award for its.2003 achievement related to work. safety and health at the Pomalaa ‘nickel facility, Pongkor Gold -Mine, Logam..Mulia.. “Precious, metals ery and the iron sands operation. « Antam’s goal is to achieve a/ze each business unit. However resulting in the fatality of a
Slide 14: Sales breakdown by product and market
Feronickel 30% CD Fer €@ Nickel Ore 33% 8B Nickel Ore 32 mp Gold 28% Gp Gold \ 26%» S Bauxite 7% S&S Bauxite 5% @ \ironSands 2% @® tron Sands 0% “ies ‘oni Ferronickel Japan 14% S> Taiwan 17% e) South Korea 21% > Europe 48 % © Japan > Australia 14
Slide 15: Domestic sales
@ Domestic 1,500.0 5 1,000.0 + $00.0 - 0.0 +8 15
Slide 16: Assets, liabilities, equity and cash flows
(Rp Billion) 7,000.0 5 6,000.0 5 5,000.0 + 4,000.0 4 3,000.0 + 2,000.0 + 1,000.0 + 0.0 2003 2004 HAssets C Liabilities H Equities (Rp 000) | 31-Dec-04 31-Dec-03 | CASH FLOWS FROM OPERATING ACTIVITI Net Cash Provided by Operating Activities 768,536,563 | 481,183,110 ““CASH FLOWS FROM INVESTING ACTIVI
Slide 17: Margins and returns
2003 5 STE @ Gross Margin 0 Operating Margin @ Net Ma 2003 O Return on Assets (ROA) & Return on Investment (ROI) @ Return 6n Equity (ROE 17
Slide 18: Non-productive asset auction and shareholders
tara Was appointed at an auction on October 2004 to appraise 10 nom: productive assets located at Jakarta, Cilacap and Makass: «..Based-on-the-appraisal report, an Open auction was conducted through the State Auctioneer after. advertisements in local-and national'r ¢ The auction did not sell an ' be
Slide 19: Capital expenditure and project spending
FeNi tli Expansion.*} 73 406.152 381.646 Construction of coal-fired lant at ‘ORS: uetone GOal-lred power planial 9 50.074 . Pomalaa **} bamesiaey and modernization of 3 ste ‘27998 Repayment of certain indebtedness to PT Bank Mandisi (Ex BDN} . Development of The Logam. Mutia 0 ee song 26.394 17.486
Slide 20: Employees and productivity
» Antam had a total of 3,30. decrease compared to 2003. = -Productivity per employee : 1,..Ferronickel..preduction ‘per @ ployee decreased 14% to 2.17 tonnes contained nickel du overhaul of FeNi II. = Antam . improves 1 s development -through leadership ..development, . sta elopment and .system deve
Slide 21: Employee costs and community development
=. Due to -higher net income, | m increased the. annual year end bonuses to five mo of monthly base salaries, totaling Rp55 billion, from three months of monthly base salaries in 2003... * In 2004, employee costs reache Rp308. 5 billion, a 27% increase compared to 2003 s.- Since 2004, Antam provides
Slide 22: Resources by commodity
Saprolite nickel 90,210,000: 3,152,000 Limonite nickel | 184,560,000 943,000 Gold 6,244,000 Bauxite 113,070,000 Iron Sands 3,250,000. *Based on the Com resources) petent Person's report. Figures as per December 386,000 22
Slide 23: Strategic initiatives and FeNi III expansion
Focus on core * Copper Cooler i i yy i business * Trafo Capacit —_ * “Rotary Kin” Strategic FeNi lV initiative ae Bi TEES > z Seek opportunities, | improve existing | activities, final High Pressure Acid Leaching (HPAL) feasibility determines actions 2004 2005 2008 ‘2007 Nota: Implementation Probabi
Slide 24: Diesel Power Plant III
\ |=. Planned *In April 2005, Diesel Power Plant III was completed o © Sf S$ Dd Sd | FEF FES PLM gs t T \ [=e 24
Slide 25: Alumina project and FeNi IV
= Project cost estimated at ‘0 million and joint venture revenue estimated US$130 million per year based on bankable feasibility study conducted by Mizuho. » Processing 850,000 tonnes baux' Chernical Grade Alumina per-year » In 2004, discussions with Antam’s partners resulted in a preliminary Letter
Slide 26: Subsidiary dividend
rates commercially, Tovactivities du On August 24, 2004 PT Nusa Halmahera Mine announced cash dividend of, US$3:25 mil Antam was entitled to US$570,000..__ 26
Slide 27: Corporate governance
«Establishment of). -new d Committees. at Commissioners level. to help De Pension task .of the Commissioners. Committees and Internal A " The signing by employees ofa Code of Ethics. = Antam achieved the Best ‘Annual Repo! On March 2005, Standard & Poor's assigned a Corporate Governance Score (GCG)
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