PT ABM Investama Tbk · IDX:ABMM
PT ABM Investama Tbk — Investor Presentation (June 2011)
32 slides from PT ABM Investama Tbk's investor presentation, June 2011
Slide 1: Company Presentation 1H 2011 – June 2011
COMPANY PRESENTATION 1H 2011 – JUNE 2011
Slide 2: Table of Contents
Table of Contents PT ABM Investama Tbk a member of Tiara Marga Trakino Group p. 3 ABM Consolidated Financial Highlight 1H 2011 p.15 SBU: PT. Cipta Kridatama (CK) – Contract Mining Services p.18 SBU: PT. Sumberdaya Sewatama (SS) – Power Solutions p.21 SBU: PT Reswara Minergi Hartama (Reswara) – Coal
Slide 3: ABM Investama A Member of Tiara Marga Trakindo Group
ABM Investama A Member of Tiara Marga Trakindo Group Tiara Marga Trakindo Group Structure Overview of Tiara Marga Trakindo Group — Established in 1970, Trakindo was PT Tiara Marga Trakindo Group (TMT) founded by AHK Hamami — Trakindo became the sole authorized PT Chandra PT ABM Sakti Utama PT Mahada
Slide 4: Vision and Mission
Vision and Mission ABM Investama Tbk ABM is an integrated energy company with three key business units in coal production, contract mining services, and power solutions, supported by two crucial components of engineering services and integrated logistics. Our integrated business allow us to create s
Slide 5: Board of Commissioners
Board of Commissioners Rachmat Mulyana Hamami Mivida Hamami Erry Riyana Hardjapamekas President Commissioner Commissioner Independent Commissioner • Worked in various positions within the • Worked in various positions within the • Commissioner of PT Weda Bay Nickel Tiara Marga Trakindo group for mor
Slide 6: Board of Directors
Board of Directors Achmad Ananda Willy A. Adipradhana Syahnan Poerba Yovie Priadi Djajanegara Finance Director Corporate Support Service Corporate Strategy Director President Director Director • Former Managing Director at • Former Chief Financial Officer • Former Country Manager at • Former Preside
Slide 7: Subsidiaries (SBU)
Subsidiaries (SBU) Contract Mining: PT Cipta Kridatama (“CK”) • Top 5 mining contractor in Indonesia by overburden volume providing full end-to-end “pit to port” services including project survey, mine design, overburden removal, coal extraction, hauling, and mine rehabilitation Power Solutions: PT
Slide 8: ABM Group and Shareholding Structure
ABM Group and Shareholding Structure PT Tiara Marga Trakindo (“TMT”) Valle Verde Pte. Ltd. Public 23.12% 55% 21.88% 99.99% 99.98% 99.99% 99.96% 99.99% PT Cipta PT Sumberdaya PT Reswara Minergi Hartama PT Sanggar Sarana PT Cipta Krida Bahari (“CKB”) Kridatama (“CK”) Sewatama (“SS”) (“Reswara”) Baja (
Slide 9: Positioning and Highlight
Positioning and Highlight 1 Strategically positioned to capitalize on Asian and Indonesian energy markets 2 Leading energy market player in Indonesia 3 Exposure across the energy value chain with diverse product offering 4 Well-established and broad customer base 5 Comprehensive footprint and market
Slide 10: Strategically Positioned to Capitalize on Asian and Indonesian Energy Markets
Strategically Positioned to Capitalize on Asian and Indonesian Energy Markets — Coal imports in China, India, South East Asia and Indonesia are expected to grow strongly from 2011E to 2014E Thermal Coal Imports (China) Million Thermal Coal Imports tons 150 Thermal Coal Imports (SE 124 (India) 114 11
Slide 11: Leading Energy Market Player in Indonesia
Leading Energy Market Player in Indonesia Contract Mining Coal Production Overburden Removal (2010), Market Share by Overburden Removal Low Rank Coal Reserves, Market Share by Reserves Million BCM, % MM tons, % 53% 800 28% 661 3,000 2,836 600 20% 18% 470 14% 426 2,000 400 17% 319 5% 4% 8% 200 4% 4%
Slide 12: Exposure Across the Energy Value Chain (1)
Exposure Across the Energy Value Chain (1) Contract Power Coal Engineering Integrated Mining Solutions Production Services Logistics Services • Fleet of 428 heavy • Approximately 745 • 7,703 hectares • 10 engineering services • Operates fleet of vessels, equipment serving 7 gensets (884MW concession
Slide 13: Comprehensive Footprint and Market Coverage in Indonesia
Comprehensive Footprint and Market Coverage in Indonesia — Able to operate throughout the country; competitive advantage over competitors — Difficult to replicate coverage strength and poses barriers to entry for new entrants BANDA ACEH MEDAN TARAKAN BENGALON MANADO TERNATE BATAM SANGATTA PADANG KUT
Slide 14: Business Strategies
Business Strategies ABM is an integrated energy company with three key business units in coal production, contract mining services, and power solutions, supported by two crucial components of engineering services and integrated logistics • Among the top 5 mining contractors in Indonesia • Provides f
Slide 15: ABM Consolidated – Financial Highlight 1H 2011
ABM Consolidated – Financial Highlight 1H 2011 Revenue(1) Net Income(1) IDR BN IDR BN Year Ended Dec 31 6 Months Ended Jun 30 Year Ended Dec 31 6 Months Ended Jun 30 6.000 300 7% 8% 3% 4.000 150 2% 4% (0%) (0%) 127 208 4.486 53 2.000 3.926 0 0% 3.235 2.778 (4) (11) 2.197 0 (150) (4%) 2008 2009 2010
Slide 16: Breakdown by Subsidiaries
Breakdown by Subsidiaries Revenue by Division IDR BN IDR BN Year Ended Dec 31, 2010(1) 6 Months Ended Jun 30, 2011(1) 49% 19% 18% 12% 2% 44% 16% 15% 12% 12% 3.000 1.500 1.372 2.222 2.000 1.000 844 803 493 478 1.000 500 377 376 539 97 0 0 CK SSB SS CKB Reswara CK SSB SS CKB Reswara Income from Operat
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet Total Debt(1) Total Debt / EBITDA IDR BN x Year Ended Dec 31 6 Months Ended Jun 30 Year Ended Dec 31 6 Months Ended Jun 30 4.000 15,0x 12,0x 10,0x 2.825 2.000 1.912 3,1x 4,3x 1.211 5,0x 2,8x 2,7x 1.216 1.141 713 508 1.006 510 463 0 0,0x 2008 2009 2010 1H 2010 1H 2011 2008
Slide 18: PT Cipta Kridatama (CK) - Contract Mining Services
PT. Cipta Kridatama (CK)- Contract Mining Services Contract Mining Operations Brief as of June 2011 • Top 5 contract mining service in Indonesia by overburden removal(1) • Full end-to-end “pit to port” contract mining services from exploration(2), mine planning, overburden removal, coal extraction a
Slide 19: Overburden and Key Customers
Overburden and Key Customers Type of equipment Capacity Number of units Average age (in years) Excavator 250 - 350 tons 13 3–5 20 - 100 tons 83 3.4 - 6.5 Truck 40 - 100 tons 220 3.8 - 5.6 Dozer 64 4.5 Grader 14 - 16 feet 30 2.8 Wheel loader 6 5.3 Compactor 11 7.2 Drill machine 1 6 Total 428 Overburd
Slide 20: CK’s Current Customers
CK’s Current Customers Operating Agreements Estimated Outstanding Contracted Volume of Coal / Kalimantan Concession Mining Project Expected Contract Duration Overburden Holder Sites (Million Tons / Million BCM) as of June 30, 2011(3) Samarinda, East 1 From Jun 14, 2004 – Aug 31, 2015 125.0 Kalimanta
Slide 21: PT Sumber Daya Sewatama (SS) – Power Solutions
PT Sumber Daya Sewatama (SS) – Power Solutions SS Operations- PLTD Bitung Menado Services Offer • Provides power solutions mainly to utility sector customers • 884MW of electricity generation capacity as of June 30, 2011 Temporary Power • Main customer is PT PLN (Persero) (“PLN”), • Utility customer
Slide 22: Revenue By Division and Key Customers
Revenue By Division and key Customers Year Ended Dec 31, 2010 6 Months Ended Jun 30, 2011 Total Revenue: IDR803BN(1) Total Revenue: IDR478BN(1) Other Services(2) 4.3% Other Services(2) 5.3% Temporary Power Temporary 95.7% Power 94.7% Key Customers PT PLN (Persero) Revenue Contribution from PLN to SS
Slide 23: Electricity Generations Capacity, Lease Rate, Generators, Competition
Electricity Generations Capacity, Lease Rate, Generators, Competition Electricity Generation Capacity and Average Average Lease Rate per kWh Utilization kW Rate % IDR / kWh 1.000.000 884.154 80% 300 791.680 235 249 757.804 759.680 233 750.000 637.214 75% 196 199 200 500.000 74% 73% 70% 72% 72% 70% 1
Slide 24: PT Reswara Minergi Hartama (Reswara) – Coal Production
PT. Reswara Minergi Hartama (Reswara) – Coal Production TIA Operations Reswara — Coal mining conducted through Reswara’s 2 subsidiaries — PT Tunas Inti Abadi (“TIA”, 99.99% ownership) — PT Media Djaya Bersama (“MDB”, 70% ownership) — Port to be owned and managed through PT Pelabuhan Buana Reja (“PBR
Slide 25: Coal Resources and Reserves
Coal Resources and Reserves TIA MDB Total Coal Resources Coal Reserves Total Resources: 561 Million Tons Total Reserves: 221 Million Tons Coal Reserves (MT) Proved Reserves 13 7 20 TIA TIA Probable Reserves 39 162 201 18.9% 23.5% Total Reserves 52 169 221 Coal Resources Measured 32 18 50 MDB 81.1% M
Slide 26: Coal Productions
Coal Productions TIA Operations Coal Productions Year Ended Dec 31 6 Months Ended Jun 30 ‘000 tons 1500 1.179 999 940 1000 873 590 537 500 113 70 0 2009 2010 1H2010 1H2011 Production Volume Sales Volume 26
Slide 27: Site Layout – Concession Area
Site Layout – Concession Area PT Tunas Inti Abadi PT Media Djaya Bersama — TIA was acquired in Dec 2007, commenced commercial production — 70% ownership in MDB in Aug 2009 and coal sales in Oct 2009 — To begin coal production in 2012 by using existing — Coal mining is contracted to ABM subsidiary, C
Slide 28: Concession Breakdown and Coal Characteristics
Concession Breakdown and Coal Char Concession Breakdown Coal Characteristics Expiry Concession Current Date of Holding Type of Concession Current TIA MDB Entity Company Concession Location Area (ha) Phase South Mar 16, TIA TIA IUP(1) 2,355 Calorific Value (Adb) 5,370 kcal/kg 5,310 kcal/kg Kalimantan
Slide 29: Average Selling Price, Production Cash Cost and Strip Ratio
Average Selling Price, Production Cash Cost and Strip Ratio TIA - Average Selling Price(1) Historical Coal Production and Projected Capacity (1) US$ / ton Million Tons Year Ended Dec 31 6 Months Ended Jun 30 Year Ended Dec 31 50 1,5 1,0 25 46,6 37,1 34,9 1,0 28,4 0,5 (2) 0,1 0 0,0 2009 2010 1H 2010
Slide 30: PT Sanggar Sarana Baja (SSB) – Engineering Services
PT. Sanggar Sarana Baja (SSB) – Engineering Services SSB Operations SSB Business Transport Designing, manufacturing and distributing Equipment products for transportation and material Division handling business Site Services On-site repair, process plant maintenance and Division construction service
Slide 31: PT Cipta Krida Bahari (CKB) – Integrated Logistic
PT. Cipta Krida Bahari (CKB) – Integrated Logistic Business Overview — Integrated logistics provider offering freight forwarding, project logistics, industrial / offshore and coal logistics shipping, warehouse and shorebase management services — Freight forwarding services: Integrated logistics serv
Slide 32: Investor Relations Contact
Gedung TMT 1, 18th Fl, Suite 1802 Jl Cilandak KKO No.1 Contact Jakarta 12560 - Indonesia Investor Relations Errinto Pardede Tel:6221-2997-6767 Ext.1874 Fax : 6221-2997-6768 Email : errinto.pardede@abm-Investama.co.id Email : ir@abm-investama.co.id Website : www.abm-investama.com 32