PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — PT Bukit Asam — 9M 2018 Earnings Presentation
20 slides from PT Bukit Asam (Persero) Tbk's earnings presentation, 2018
Slide 1: PT Bukit Asam Tbk Corporate Presentation – 9M 2018
PT Bukit Asam Tbk Corporate Presentation – 9M 2018
Slide 2: Agenda
Agenda 1. Introduction 2. 9M 2018 Update 3. Company Overview 1
Slide 3: 1. Introduction
miffed BukitAsam beyondcoal 1. Introduction
Slide 4: PT Bukit Asam Tbk
PT Bukit Asam Tbk PT Indonesia Asahan Aluminium (Persero) owns ~65% of total shares The subsidiaries Mining Trading Power Logistics Gas Investment PT Bukit Asam Tbk (“PTBA” or the “Company”) operates a fully integrated large coal mining in Tanjung Enim (South Sumatera), Ombilin (West Sumatera), Pe
Slide 5: Key milestones
Key milestones Coal Mine in PN TABA was converted PTBA was publicly Established a holding company of 1876 2017 2 Mar 1981 23 Dec 2002 Ombilin, West into a limited corporation listed on the Jakarta mining businesses on 29 Sumatera, started and its name changed to Stock Exchange with November
Slide 6: PTBA is one of the Fastest Growing and Lowest Cost Coal Producers in Indonesia
PTBA is one of the Fastest Growing and Lowest Cost Coal Producers in Indonesia 2017 Coal Production 2015 – 2017 Production CAGR (Mt) (%) 36.0% 33.9% 83.7 23.3% 51.8 12.2% 32.7 0.3% 24.2 22.1 20.9 15.6 (8.4%) (11.9%) Bumi Adaro Indika PTBA ITMG Bayan Golden Bayan Golden Bumi PTBA Adaro Indika ITMG En
Slide 7: 2. 9M 2018 Update
miffed BukitAsam beyondcoal 2. 9M 2018 Update
Slide 8: Key performance highlights
Key performance highlights 9M18 vs 9M17 FY18E 9M17 9M18 (% change) Sales volume (Mt) 25.88 17.24 18.58 7.8% Production (Mt) 25.54 16.91 19.68 16.4% Railway capacity (Mt) 23.10 15.79 16.97 7.5% Revenue (IDR TN) n.a. 13.29 16.04 20.7% Net profit (IDR TN) n.a. 2.63 3.93 49.7% Weighted average selling p
Slide 9: Key operational highlights
Key operational highlights Production and sales volume Railway capacity (Mt) (Mt) 24.2 23.6 19.6 20.8 21.4 19.3 19.1 19.7 18.6 16.9 17.2 17.7 17.0 15.8 15.8 FY2015 FY2016 FY2017 9M17 9M18 FY2015 FY2016 FY2017 9M17 9M18 Production (Mt) Sales Volume (Mt) Weighted average stripping ratio Weighted avera
Slide 10: Key financial highlights
Key financial highlights Revenue and growth Gross profit and margins (IDR bn) (IDR bn) 5.9% 1.5% 38.5% 31.0% 20.7% 30.7% 31.3% 43.7% 38.5% 41.6% 8,507 19,471 6,667 16,036 5,112 13,845 14,059 13,287 4,251 4,401 FY2015 FY2016 FY2017 9M17 9M18 FY2015 FY2016 FY2017 9M17 9M18 Revenue (IDR bn) Growth (%)
Slide 11: Key financial highlights (cont’d)
Key financial highlights (cont’d) 9M18 sales breakdown by country(1) 9M18 cost breakdown Taiwan Others (2) Fuel Boat Transportation Others 2.9% 4.6% 1.4% 8.7% Thailand Heavy 1.5% 3.8% Equipment Rent Hong Kong 1.7% 4.9% Train Third party Transportation South Korea 3.3% 32.2% 6.5% Depreciation Domesti
Slide 12: 3. Company Overview
miffed BukitAsam beyondcoal 3. Company Overview
Slide 13: Company Overview
Company Overview Significant coal sales exposure to Indonesia market and benefiting the 1 most from growth in domestic coal demand 1 2 Expanding railways capacity to Sumatra mines Resilient operational track record, further propelled by the 3 1 optimism of railway capacity and future development pro
Slide 14: Significant coal sales exposure to Indonesia market and benefiting the most from growth in domestic coal demand
1 Significant coal sales exposure to Indonesia market and benefiting the most from growth in domestic coal demand Coal remains the key source of Indonesia’s energy over Domestic coal consumption expected to grow at ~8% (1) time (3) Overall coal domestic consumptions is expected to grow at 7.9%, la
Slide 15: Expanding railways capacity to Sumatra mines
2 1 Expanding railways capacity to Sumatra mines Indonesia Prajin Barging Port Railway Project (New) Kertapati Development to Northern South Sumatera Barging Port Option to Prajin Port Capacity: 10 Mtpa (2023) Lahat Tanjung Enim Prabumulih Double Tracks Muara Enim Railway (Upgraded): Baturaja Shor
Slide 16: Resilient operational track record further propelled by railway capacity
3 1 Resilient operational track record further propelled by the optimism of railway capacity and future development projects Optimisation of railway capacity and future expansion projects Increasing railway capacity (Mt) 23.1 Existing Estimated capacity 21.4 capacity upgrade New railway projects 17.
Slide 17: Development projects Power Plants
Development projects Power Plants Total Power Plant ~ 1,900 MW Solar Photovoltaic AP II Pomalaa CFPP 2x30 MW & East Halmahera CFPP 3x60 MW & Location: AP II DEPP 8x17 MW DEPP 3x17 MW Size: on study Location: East Halmahera Location: East Halmahera COD: 2019 Coal consumption: 0.3 Mtpa Coal consumptio
Slide 18: Development projects Coal to Chemical Plant
Development projects Coal to Chemical Plant PRODUCT PROJECT OWNER Propylene Polypropylene 450 KTA Methanol DME 400 KTA Gasification Syngas Ammonia Urea PTBA Coal 570 KTA Coal Consumption Feedstock 5.5 Million Tpa Power Plant 3.5 Million Tpa Total 9 Million Tpa 17
Slide 19: Robust financial strength with strong net cash position
4 1 Robust financial strength with strong net cash position Total revenue, net profit, and net profit margin Minimal debt (1) with overall net cash position (IDR bn) (IDR bn) 14.2% 14.7% 14.3% 23.0% 24.5% 1.784 1.093 1.306 2.582 5.191 6.059 19,471 16,036 4,039 13,078 13,845 14,059 3,675 3,555 3,115
Slide 20: For More Information / Disclaimer
For More Information : Contact : Niko Chandra Position : Investor Relations Manager Address : PT Bukit Asam Tbk Menara Kadin, 15th Foor, Jl. Rasuna Said, Blok X-5 Kav. 2 & 3, Jakarta 12950 Indonesia Telephone : +62 21 5254014 Facsimile : +62 21 5254002 E-mail : nchandra@bukitasam.co.id Website : www