PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — Investor Presentation (January 2012)
21 slides from PT Bukit Asam (Persero) Tbk's investor presentation, January 2012
Slide 1: Corporate Presentation January 2012
Corporate p Presentation Januaryy 2012
Slide 2: Introduction: Highlights
INTRODUCTION Highlights •Highlights •Overview •Financial and Commercial Performance •Growth Options 2
Slide 3: Highlights
HIGHLIGHTS CD. icasar
Slide 4: Highlights
Highlights FY11 FY10 % YoY Revenue (IDR.Trillions) Sales volume 13,5 million tons 12,9 million tons +4% 9.0 7,9 79 Production Volume 12,9 million tons 12,5 million tons +4% 7.7 7,2 4,1 Coal transportation 11,5 million tons 10.8 million tons +7% 2007 2008 2009 2010 9M11 • Volume penjualan FY201
Slide 5: Overview
OVERVIEW ted Bukit Asam a
Slide 6: Mining Business License (IUP)
MINING BUSINESS LICENSE (IUP) Tanjung T j Enim E i Mine Mi : 66,414 66 414 Ha H Total Resources : 7.29 billion tons Ombilin Mine : 3,950 Ha Peranap/Cerenti Mine : 17,100 Ha Total Mineable Reserves : 1.99 billion tons IPC Mine : 3,238 Ha TOTAL : 90,702 Ha TELUK BAYUR PORT PERANAP MINE Stockpile : 90,
Slide 7: Resources by coal type
0.20 bn tons 0.06 bn tons 0.68 bn tons 3 51 bn tons 3.51 3.58 bn tons 1.25 bn tons *) BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) : < 18 TM (% ar) : 18 -30 TM (% ar) : > 35 CV (Kkal/Kg adb) : > 6,400 CV (Kkal/Kg adb) : 4,900 – 6,400 CV (Kkal/Kg adb) : < 4,900 (Kkal/Kg ar) : 5,800 5 800 – 7.950 7 950
Slide 8: Seaborne thermal coal demand and supply
Seaborne thermal coal demand by region Pasific basin Seaborne thermal coal demand 2009 ‐ 2025 Other Philippines' Philippines Other Thailand Americas Malaysia Europe Taiwan Mt Asia South Korea Japan China India Source : Wood Mackenzie Coal Market Service, Juni 2010 Source : Wood Mackenzie Coal Market
Slide 9: Projected Indonesian Coal Supply & Demand, National Energy Policy
Projected Indonesian Coal Supply & Demand National Energy Policy (Million tons) 1.6% 2% 2.6% 5% 361 405 Oil 5% 321 Nat.gas 5% 18.8% 270 Coal 254 Water 20% 198 206 201 191 220 Geothermal 185 Renewable CTL 28.6% 170 Biofuel 30% 56 64 120 2009 2010 2015 2020 2025 Domestic Export Production 33% 48.4% So
Slide 10: Financial and Commercial Performance
ee Seng ted Bukit Asam 10
Slide 11: Composition of Total Cost 9M11
Composition of Total Cost 9M11 Total Cash Cost (FOB) FY10 9M10 9M11 %YoY Shipping Spare Parts Fuel Electricity Tanjung Enim System*) 4% 2% 3% 1% Rental of heavy Ex Royalty (IDR) 347,231 365,195 396,092 +8% equipments (USD) 38.62 40.07 44.89 +11% 10% Railway Service 26% Total (IDR) 381,943 400,430 44
Slide 12: Financial Ratio (%)
Financial Ratio (%) GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) NET PROFIT MARGIN (%) 54,1 5 , 51.3% 48,9 39.7 36.9% 34.6 46,2 29.1 30.5 30% 23.7 25.4 22.9 40 18.4 2% 6% 22% 15% 1% 3% 23% 1% 51% 23% 27% 51 12% 3% 12% 34% 34% 29% 29% 17% 2007 2008 2009 2010 9M11 2007 200
Slide 13: Coal Brand and Sales Distribution
Coal Brand C l Sales Coal S l Distribution Di t ib ti 2011 by b country t 0.96% Coal CV TM IM Ash VM FC TS 4.48% (Kcal/K Brand g, adb)) g (%, ar) (%,adb) (%,adb) (%,adb) (%,adb) (%,adb) 5.44% Taiwan Vietnam IPC 53 5.300 34 15 8 39 40 0.5 7.04% Domestic Export 65% Jepang BA 55 5.500 30 14,7 7,3 39,0
Slide 14: Peer margin comparison
Gross Profit Margin (GPM) Operating Profit Margin (OPM) Net Profit Margin (NPM) 53% 50 39% 40 32% 30 20 10 0 ACI BTU BYAN ITMG ADRO BRAU HRUM BUMI YZC CNA PTBA AVERAGE Based on Financial Report as of 30 June 2011 ACI : Arch Coal Inc. – USA (NYSE) CNA : Coal & Allied – AUS (ASX) ADRO : PT Adaro Energ
Slide 15: Financial summary 9M11
Description FY10 9M10 9M11 (%) YoY (in billions of IDR) Sales 7,909.15 5,901,73 7,754.73 + 31% COGS 4,258.99 3,257.17 3,776.62 + 16% EBITDA 2,669.06 1,865.94 3,213.99 + 72% Operating Income 2,304.16 1,633.44 2,862.40 + 75% Net Income 2 008 89 2,008.89 1 389 89 1,389.89 2 326 49 2,326.49 + 67% Assets
Slide 16: Growth Options
GROWTH OPTIONS ted Bukit Asam 16
Slide 17: Projects
Projects Existing Railway Project Adani- New Railway Project Project Target : increase capacity up to 22.7 Mtpa TANJUNG API API Capacity : 35 Mtpa TE – Tarahan : 416.6 Km Coal Bed Methane Distance : 270 Km TE‐Kertapati : 167.6 Km ± 50 MMSCF/day Expected E t d Completion C l ti : 2014 KERT
Slide 18: Existing Railway and Coal Handling Port Projects
Projects EXISTING RAILWAY PROJECT PTBA COAL HANDLING PORT PROJECT (TANJUNG ENIM - TARAHAN PORT & KERTAPATI PIER) Parties Existing South Sumatera Railway owned and operated by PTBA PT KA, which is a state owned railway company. Status To accelerate transportation volume growth, in October 2009 To inc
Slide 19: Mine Mouth Power Plant and Coal Bed Methane
Projects BANJARSARI MINE MOUTH POWER PLANT COAL BED METHANE PROJECT (2x110 MW) Location Tanjung Enim mine Tanjung Enim mine Parties PTBA (59.75%), PJB (29.15%), NII (11.10%) PTBA (27.5%), Pertamina (27.5%), Arrow/Dart Energy (45%). Status ‐ Financing from BNI ‐ Production Sharing Contract between co
Slide 20: New Railway Projects
Projects NEW RAILWAY PROJECT ADANI – NEW RAILWAY PROJECT (TANJUNG ENIM - A NEW PORT IN LAMPUNG PROVINCE) Location Tanjung Enim – Srengsem, Lampung Tanjung Enim – New Port, Tanjung Api‐api P i Parties ‐ PTBA 10 % ‐ Adani Ad i Global Gl b l 98% 8% ‐ Rajawali Asia Resources 80 % ‐ South Sumatera Local
Slide 21: Contact: Investor Relations
Contact :Investor Relations Address Kadin 15th floor, :Menara Kadin, floor Jl Jl. Rasuna Said, Said Blok X‐5 X5 Kav. 2 & 3, Jakarta 12950, Indonesia Telephone :+62 21 5254014 Fax :+62 21 5254002 E‐mail address :hrudiawan@bukitasam.co.id Website :www.ptba.co.id <Disclaimer> The views expressed here c
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