Pt Bukit Asam (persero) Tbk · IDX:PTBA
Pt Bukit Asam (persero) Tbk — Investor Presentation (June 2014)
25 slides from Pt Bukit Asam (persero) Tbk's investor presentation, June 2014
Slide 1: Our Vision: An Environmentally Conscious World Class Energy Company
Our Vision: “An Environmentally Conscious World Class Energy Company” www.ptba.co.id Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA
Slide 2: Contents
Contents 1. Introduction 2. Operational Review 3. Commercial Review 4. Financial Review 5. Project Development Appendices 01
Slide 3: Company's Key Milestones
Introduction Company’s Key Milestones Indonesia’s Oldest and Most Experienced Coal Producer During the Dutch colonial PN TABA was converted PTBA was publicly listed period, the first open-pit into a limited corporation on the Jakarta Stock at Airlaya mine, in and its name changed to Exchange with 35
Slide 4: Operational Highlights
Operational Review Operational Highlights 24.7 Revenue (IDR Trillion) Net Profit (IDR Trillion) Railway Capacity (Mn ton) Sales Volume (Mn ton) 17.9 3.08 17.8 2.9 2.7 15.3 11.6 11.2 2.01 12.8 12.9 13.5 10.6 1.8 12.5 11.5 11.9 9.0 7.9 10.8 10.5 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2
Slide 5: Operations Location
Operational Review Operations Location Mining Business License (IUP) Total Resources 7.29 billion tons Tanjung Enim Mine 66,414 Ha Total Mineable Reserves 1.99 billion tons Ombilin Mine 2,950 Ha Peranap Mine 18,230 Ha PERANAP MINE Recources : 0.79 billion tons IPC Mine 3,238 Ha Mineable : 0.37 billi
Slide 6: Resources & Reserves
Operational Review Resources & Reserves 0.20 bn tons 0.06 bn tons 0.68 bn tons 3.51 bn tons 3.58 bn tons 1.25 bn tons Parameter BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) < 18 18 ‐30 > 35 CV (KCal/Kg adb) > 6,400 4,900 – 6,400 < 4,900 (KCal/Kg ar) 5,800 – 7,950 4,400 – 5,800 < 4,400 05
Slide 7: Global Coal Review
Commercial Review Global Coal Review Pacific Basin Seaborne Thermal Coal Import Demand Thermal Seaborne Export by Country (Mt) by Country and Rank (Mt) Source: Wood Mackenzie Coal Market Service, November 2013 Source: Wood Mackenzie Coal Market Service, November 2013 Atlantic Basin Seaborne Thermal
Slide 8: National Coal Review
Commercial Review Indonesian Domestic Demand Vs Exports (Mt) National Coal Review National Energy Mix Planning (%) Source: Wood Mackenzie Coal Market Service, November 2013 Source: Ministry of Energy and Mineral Resources, 2013 Coal Consumption Guidance for Electricity Fuel Mix 2005‐2021 : For Power
Slide 9: Costs & Prices
Financial Review Costs & Prices Total Cash Cost (FOB) 3M14 Total Cost Breakdown BARGE transportation Community Depreciation and 3M13 3M14 YoY 3% Development amortis 1% 2% Tanjung Enim System *) Salaries/Wages Raillway service 13% Ex Royalty (IDR) 559,987 521,510 93% 24% Total (IDR) 602,417 567,939 9
Slide 10: Coal Brand & Sales Breakdown
Financial Review Type Of Coal Brand Coal Brand & Sales Breakdown CV TM IM Ash VM FC TS max 3M14 Sales Breakdown by country Coal Brand HGI Kcal/Kg,adb Kcal/Kg,ar %,ar %,adb %,adb %,adb %,adb %,adb IPC 53 5,300 ‐ 34 15 8 39 40 0.5 ‐ China BA 55 5,500 4,550 30 15 8 39 38 0.8 50 22% BA 59 5,900 5,000 28
Slide 11: Financial Ratios
Financial Review Financial Ratios GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) 34 32 21 22 18 17 3M13 3M14 3M13 3M14 3M13 3M14 54.1 39.7 50 34.6 48.9 35 30.5 44 29.1 31 29 46.2 25.4 23.7 25 31 19 16 2% 11% 15% 8% 12% 30% 1% 15% 28% 20% 11% 39% 12% 29% 18% 14% 14% 36% 200
Slide 12: PTBA Versus Global & Local Peers
Financial Review PTBA Versus Global & Local Peers (%) 35 32 30 25 22 20 16.60 17 15 10 8.32 5 0 YZC ACI BTU BUMI ITMG HRUM BRAU ADRO PTBA AVERAGE ‐5 ‐10 ‐15 ‐20 ‐25 ‐30 GROSS_MARGIN OPER_MARGIN NET_MARGIN Source: Bloomberg, 17 April 2014 YZC : Yanzhou Coal Mining ‐U.S (YZC) ACI : Arch Coal Inc. – US
Slide 13: Summary Financial Performance
Financial Review Summary Financial Performance (IDR bn) FY13 3M13 3M14 YoY Sales 11.209 2.777 3.093 111% COGS 7.745 1.823 2.095 115% EBITDA 2.530 671 751 112% Net Income 1.826 493 536 109% Assets 11.677 13.426 12.150 90% Cash 3.343 6.024 3.573 59% Net Margin 16% 17.8% 17.3% 97% Return On Asset 16% 3
Slide 14: Projects Location
Project Development Projects Location Coal Bed Methane (CBM) - Capacity : ± 40 MMSCF/day - Expect. COD : 2015 4x65MW Power Plant - Capacity : Tanjung Enim - Coal Cons. : 1 M tpa - Since : 1987 Kertapati Palembang 2x110MW Power Plant Barging Port - Location : Banjarsai TANJUNG ENIM MINE - Coal Cons.
Slide 15: Railway Projects
Project Development Railway Projects PT KA – Existing Railway BATR ‐ New Railway Project (BukitAsam Transpacific Railway) Tanjung Enim – Tarahan Port (410 Km) Location Tanjung Enim – New Port in Lampung (280 Km) Tanjung Enim – Kertapati Port (161 Km) ‐ PTBA 10% Shareholders PTKA (State Railway Compa
Slide 16: Production Infrastructure & CBM Projects
Project Development Production Infrastructure & CBM Projects Production Infrastructure Expansion Coal Bed Methane (CBM) Location Tanjung Enim / Kertapati port / Tarahan port Tanjung Enim Shareholders PTBA (100%) PTBA (27.5%), Pertamina (27.5%), Dart Energy (45%) To increase and expand the existing c
Slide 17: Power Generation Projects
Project Development Power Generation Projects Banjarsari Banko Tengah Peranap Mine Mouth Power Plant Mine Mouth Power Plant Mine Mouth Power Plant Location Tanjung Enim Mine Tanjung Enim Mine Peranap Riau Objective To underpin the coal based energy company To underpin the coal based energy company T
Slide 18: Internal Power Generation Projects
Project Development Internal Power Generation Projects Power Plant For Internal Use Power Plant For Internal Use Location Tanjung Enim Tarahan Port Objective Efficiency and Cost Reduction Efficiency and Cost Reduction In Operation Status In Operation Capacity 3 x 10 MW 2 x 8 MW Investment USD 42 mil
Slide 19: The New Look of Tarahan Port in 2014
Appendix The New Look of Tarahan Port in 2014 Note: TOTAL STOCKPILE will be 860,000 tons as of Dec 2013 Stockpile 1 = 60,000 tons Stockpile 4a = 150,000 tons Stockpile 2 = 250,000 tons Stockpile 4b = 150,000 tons Stockpile 3 = 250,000 tons 18
Slide 20: PTBA Structure
Appendix PTBA Structure PTBA operates a fully integrated The Indonesian large coal mining in Tanjung Enim ( South Sumatera), Ombilin (West PTBA Government owns 65% of Total Shares Sumatera), Peranap (Riau), and East Kalimantan with Total Resources & Reserves are 7.29 billion tons and The Subsidiarie
Slide 21: Shareholders Information
Appendix Shareholders Information The Top Twenty Public Shareholders of PTBA as 22 April 2014 No Shareholders\Investors % 1 Tambang Batubara Bukit Asam (Persero), Tbk PT 5.64 2 BPJS Ketenagakerjaan ‐ JHT 2.32 3 Taspen (Persero) – THT, PT 1.54 Share Holders Breakdown 4 BBH Boston S/A Vangrd EMG MKTS
Slide 22: Production vs Sales, Revenues, Index Movement
Appendix PTBA Production Vs Sales 2002 - 2013 Index Movement Dec’02 – Apr’14 19 5500 25575 17.8 5300 18 5100 4900 23075 17 4700 JCI Jakmine PTBA 4500 20575 16 15.3 15.1 4300 15 4100 13.4 13.9 3900 18075 14 12.9 3700 12.7 12.9 3500 15575 13 12.4 12.5 3300 11.6 3100 12 10.8 10.8 2900 13075 10.0 2700 1
Slide 23: Projected Sales Volume to 2017
Appendix Projected Sales Volume to 2017 In Million Ton 50 44.6 45 Actual Forecast 40 34.8 35 31.2 30 25.0 25 20 17.8 15.3 15 12.4 12.9 13.4 10 05 00 2009(A) 2010(A) 2011(A) 2012 (A) 2013(A) 2014(F) 2015(F) 2016(F) 2017(F) TE System Production Total Sales Railways Transportation Source: The Company’s
Slide 24: Supporting National Energy Policy
Appendix Supporting National Energy Policy Having A Total Long Term Coal Supply with: Committed Volume o National Power Company\PLN (2010 – 2030) : 262 Mt o Indonesia Power (2013 – 2022) : 52 Mt o Huadian Bukit Asam Power\Power Plant (25 Years) : 150 Mt o Bukit Pembangkit Innovative\Power Plant (3
Slide 25: Disclaimer
Disclaimer: This presentation contains forward-looking statements based on assumptions and forecasts made by PT Bukit Asam (Persero) Tbk management. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are
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