Pt Abm Investama Tbk · IDX:ABMM
Pt Abm Investama Tbk — Q1 2014 Earnings Presentation
78 slides from Pt Abm Investama Tbk's earnings presentation, 2014
Slide 1: PT ABM Investama Tbk 1Q 2014 Result
PT ABM Investama Tbk 1Q 2014 Result Company Presentation
Slide 2: Cautionary Statements
Cautionary Statements DISCLAIMER: This presentation has been prepared by PT ABM Investama Tbk (“ABMM” or the "Company") solely for general information. By attending the meeting where the presentation is made, or by reading the presentation slides, you acknowledge and agree to the limitations and not
Slide 3: About ABM
About ABM IDX Stock Code ABMM Listing Date / IPO Price December 6, 2011 / IDR 3,750 Last Price (March 31, 2014) IDR 3,350 Market Cap (March 31, 2014) IDR 9,223 billion (US$ 808.8 million) Free Float 11.3% PT ABM Investama Tbk (ABM) is an integrated energy company involved in strategic investment in
Slide 4: ABM's Five Strategic Business Units (SBUs)
ABM’s Five Strategic Business Units (SBUs) Coal Mine Power Engineering Integrated Mining Contractor Solutions Services Logistics • Established 2010 • Established 1997 • Established 1992 • Established 1977 • Established 1997 • 7,703 hectares • Fleet of 474 heavy • 833 generators (over • 10 engineerin
Slide 5: Recent Updates
Recent Updates 6 Operational Highlights Financial Highlights Strategy and Mitigations Appendices
Slide 6: Recent Updates (1)
Recent Updates (1) January 20, 2014 – ABM made a loan drawdown from the Term Loan Facility (TLF) of US$319 million as part of the Company’s financing consolidation to repay the bank loans of its subsidiaries except Sumberdaya Sewatama February 18, 2014 – Alfa Trans Raya (ATR), the industrial vessel
Slide 7: Recent Updates (2)
Recent Updates (2) February 28, 2014 – ATR executed the sales transaction for “Adinda Bella”, “Adinda Gitta”, and Adinda Hira” with the Maritime Company for Navigation on behalf of Al Blagha Holding Group February 28, 2014 – ABM made a loan drawdown from the Working Capital Facility (WCF) of US$12 m
Slide 8: Operational Highlights
Recent Updates Operational Highlights 9 Financial Highlights Strategy and Mitigations Appendices
Slide 9: Operational Highlights
Operational Highlights Page 10 Page 28 Page 35 Page 40 Page 44 COAL MINE POWER ENGINEERING INTEGRATED MINING CONTRACTOR SOLUTIONS SERVICES LOGISTICS Rapid production One of Indonesia’s top Leading power engine Unique engineering A growing logistics player growth from 3 mining 10 mine contractors ren
Slide 10: Coal Production at TIA, South Kalimantan
Coal Production at TIA, South Kalimantan
Slide 11: Barge Conveyer at TIA, South Kalimantan
Barge Conveyer at TIA, South Kalimantan
Slide 12: Capsize Maiden Shipment for TIA coal
Capsize Maiden Shipment for TIA coal
Slide 13: Reswara Minergi Hartama – Coal Mining Snapshot
Reswara Minergi Hartama (Reswara) – Coal Mining Tunas Inti Abadi (TIA) Snapshot: Mine Location : South Kalimantan Type of Permit : Mining Authorization (IUP) Coal Quality : 4,100-3,900kcal/kg (GAR) 5.7% ash (adb), 0.3%-0.5% Sulfur (adb) JORC Reserves : 52 million tons Commercial Start : August 2009
Slide 14: Reswara – Coal Mining Recent Updates
Reswara Minergi Hartama (Reswara) – Coal Mining Recent Updates: Total production volume and sales volume of Reswara group in 1Q 2014 amounted 1.43 mn tons and 1.42 mn tons, respectively Tunas Inti Abadi (TIA), the biggest coal mine in Reswara group, reported total sales of 1.35 mn tons, accounted fo
Slide 15: Reswara: Production Volume 1Q 2014 vs. 1Q 2013
Reswara: Production Volume 1Q 2014 vs. 1Q 2013 1Q 2014 Reswara Coal Production ( thousand tons ) Production Volume Breakdown MIFA BEL 2,0% 2,3% 1.432 1.198 TIA 95.7% 1Q 2013 Production Volume Breakdown MIFA BEL 3,7% 2,3% 1Q 2013 1Q 2014 TIA 93.9% 15
Slide 16: Reswara: Production Volume 1Q 2014 vs. 1Q 2013
Reswara: Production Volume 1Q 2014 vs. 1Q 2013 TIA Production (thousand tons) MIFA Production (thousand tons) BEL Production (thousand tons) 1.370 45 33 28 29 1.125 1Q 2013 1Q 2014 1Q 2013 1Q 2014 1Q 2013 1Q 2014 16
Slide 17: Reswara: Sales Volume 1Q 2014 vs. 1Q 2013
Reswara: Sales Volume 1Q 2014 vs. 1Q 2013 1Q 2013 Reswara Coal Sales ( thousand tons ) Sales Volume Breakdown MIFA BEL 2,6% 1,9% 1.412 1.423 TIA 95,5% 1Q 2014 Sales Volume Breakdown MIFA BEL 2,7% 2,3% TIA 1Q 2013 1Q 2014 95,0% 17
Slide 18: Reswara: Sales Volume 1Q 2014 vs. 1Q 2013
Reswara: Sales Volume 1Q 2014 vs. 1Q 2013 TIA Sales (thousand tons) MIFA Sales (thousand tons) BEL Sales (thousand tons) 1.348 1.351 33 37 39 27 1Q 2013 1Q 2014 1Q 2013 1Q 2014 1Q 2013 1Q 2014 18
Slide 19: Reswara: Market Destination 1Q 2014
Reswara: Market Destination 1Q 2014 All of MIFA and BEL coal sold to the domestic buyers Most of TIA coal exported to China and India Breakdown of Customers based on Sales Volume Domestic 5% India 32% China 63% 19
Slide 20: Reswara: Coal Sales and Production 2009 - 2013
Reswara: Coal Sales and Production 2009 - 2013 Production Volume and Sales Volume ( thousand tons ) 6.000 5.325 4.971 5.000 4.665 3.921 4.000 3.000 2.163 2.000 1.906 1.179 999 1.000 695 113 - FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 Entire coal production volume and sales volume contributed by TIA 20
Slide 21: TIA: Monthly Sales Volume and Production Volume
TIA: Monthly Sales Volume and Production Volume 1Q 2014 Coal Sales : 1.35 mn tons, +0% y-o-y 1Q 2014 Coal Production : 1.37 mn tons, +25% y-o-y TIA Coal Sales ( thousand tons ) TIA Coal Production ( thousand tons ) 472,6 475,6 472,9 421,9 441,2 437,2 Jan-14 Feb-14 Mar-14 Jan-14 Feb-14 Mar-14 21
Slide 22: TIA: ASP, Cash Cost, Stripping Ratio (SR)
TIA: ASP, Cash Cost, Stripping Ratio (SR) ASP ( USD/ton ) Cash Cost ( USD / ton ) Stripping Ratio (SR) +1% 38,2 37,7 32,2 -4% 3,7 30,9 +16% 3,2 1Q 2013 1Q 2014 1Q 2013 1Q 2014 1Q 2013 1Q 2014 22
Slide 23: TIA: Monthly ASP, Cash Cost, and Stripping Ratio (SR)
TIA: Monthly ASP, Cash Cost, and Stripping Ratio (SR) 1Q 2014 ASP: USD38.2/ton, Cash Cost: USD30.9/ton 1Q 2014 average SR: 3.7x TIA ASP & Cash Cost TIA SR ( x ) 4,5 4,5 4,5 38,4 38,6 37,7 30,4 31,2 31,2 3,9 3,8 3,3 Jan-14 Feb-14 Mar-14 Jan-14 Feb-14 Mar-14 TIA ASP TIA Cash Cost SR (Act) SR (Std) 23
Slide 24: Newcastle Coal Price Index vs. TIA ASP
Newcastle Coal Price Index vs. TIA ASP 140,00 $ 135,00 $ 130,00 $ = Newcastle price/ton – TIA price/ton 125,00 $ 120,00 $ 115,00 $ 110,00 $ 105,00 $ 100,00 $ 95,00 $ NEWC 90,00 $ 85,00 $ 80,00 $ 75,00 $ = US$ 86.5 70,00 $ Jan 2011 65,00 $ = US$ 54.9 60,00 $ Dec 2012 = US$ 34.7 55,00 $ ICI4050 Mar 20
Slide 25: MDB Project Update: 1Q 2014
MDB Project Update: 1Q 2014
Slide 26: MDB Project Progress (1)
MDB Project Progress (1) Progress by March 31, 2014 (December 31, 2013): 1. Land Acquisition 84% (84%) 2. Port Construction 82% (77%) 3. Mining Site 80% (72%) 26
Slide 27: MDB Project Progress (2)
MDB Project Progress (2) Total project cost up to March 31, 2014 = US$122.8 million* (*) including working capital of US$22.6 million Breakdown of MDB Project Cost, excluding working capital, as of March 31, 2014 Legal Process 3% Financing Cost 10% Land Acquisition 13% Mining Construction 22% Port C
Slide 28: Cipta Kridatama: Mine Contractor
Cipta Kridatama: Mine Contractor Snapshot: CK began providing mining contractors services in 2002 Up to Dec 31, 2013, CK served 9 coal mining companies Mobile fleet and equipment amounted 516 units
Slide 29: Cipta Kridatama (CK) – Mine Contractor
Cipta Kridatama (CK) – Mine Contractor Recent Updates: CK reported total 1Q 2014 overburden removal of 24.2 million BCM, 3% higher than 23.5 million BCM reported in 1Q 2013 Total rental services in 1Q 2014 reached 3.43 million tons of coal, relatively flat compared to 3.40 million tons of coal in 1Q
Slide 30: Overburden Removal Volume: 1Q 2014 vs. 1Q 2013
Overburden Removal Volume: 1Q 2014 vs. 1Q 2013 OB Removal ( thousand bcm ) OB Removal ( million bcm ) 24,2 +3% 8.246 8.263 23,5 7.697 Jan-14 Feb-14 Mar-14 1Q 2013 1Q 2014 30
Slide 31: Rental Services Volume: 1Q 2014 vs. 1Q 2013
Rental Services Volume: 1Q 2014 vs. 1Q 2013 Rental Services ( thousand tons coal ) Rental Service ( million tons coal ) 1.161 1.144 3,40 +1% 3,43 1.122 Jan-14 Feb-14 Mar-14 1Q 2013 1Q 2014 31
Slide 32: Overburden Removal Volume 2008 - 2013
Overburden Removal Volume 2008 - 2013 OB Removal ( million bcm ) 150,0 130,0 130,0 118,0 110,0 104,2 100,0 89,2 90,0 73,8 70,0 50,0 30,0 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 32
Slide 33: Rental Services Volume 2008 - 2013
Rental Services Volume 2008 - 2013 Rental Service ( million tons coal ) 14,0 12,4 11,9 12,0 10,6 10,0 8,3 8,0 7,1 6,0 5,4 4,0 2,0 - FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 33
Slide 34: CK Customers and Backlog Order
CK Customers and Backlog Order Operating Agreements as of Sep 30, 2013 Client Mining Project Sites Expected Contract Backlog Kalimantan Duration (bcm/ton) MSJ 1 Separi, East Kalimantan Jun 2004 - Sep 2015 72.5 / 7.5 MHU 2 Jongon, East Kalimantan Nov 2007 - Oct 2015 69.2 / 5 2 1 7 8 3 Sebambam, Tanah
Slide 35: Sumberdaya Sewatama: Power Solution
Sumberdaya Sewatama: Power Solution Snapshot: Indonesia’s leading power engine rental with installed capacity of over 1 GW Expanding into IPP business since 2012 Starting to construct mini-hydro power plant in February 2014 Temporary Power Installed Capacity ( MW ) 1.200 1.113 1.010 1.000 934 758 79
Slide 36: Sumberdaya Sewatama: Power Solution Recent Updates
Sumberdaya Sewatama: Power Solution Recent Updates: Electricity production from temporary power reached 1,226 million kWh, a 10% Y-o-Y increase Leased rate slightly improved by 2% Y-o-Y to IDR 282 per kWh in 1Q 2014 Construction of mini-hydro plant had started on February with commencement target in
Slide 37: Temporary Power: Electricity Production
Temporary Power: Electricity Production Electricity Production ( in million kWh ) Electricity Production ( in million kWh ) 1.226 +10% 1.116 435 417 374 1Q 2014 1Q 2014 Jan-14 Feb-14 Mar-14 37
Slide 38: Temporary Power: Lease Rate
Temporary Power: Lease Rate Lease Rate ( IDR/kWh ) Lease Rate ( IDR/kWh ) 282 +2% 282 281 282 275 1Q 2013 1Q 2014 Jan-14 Feb-14 Mar-14 38
Slide 39: Temporary Power: Installed Capacity & Generator
Temporary Power: Installed Capacity & Generator Installed Capacity ( MW ) Fuel-based Power Generator Gas MFO 0,8% 1,8% 1.113 +10% 1.010 1,113 MW Diesel 97,4% 1Q 2013 1Q 2014 39
Slide 40: Sanggar Sarana Baja: Engineering Services
Sanggar Sarana Baja: Engineering Services Snapshot: Established in 1977, one of Indonesia’s pioneer in modern engineering services Operating in 15 locations serving Indonesia’s largest coal and mineral mining sites Currently SSB provides four different engineering services as below FABRICATION REMAN
Slide 41: Sanggar Sarana Baja: Engineering Services Recent Updates
Sanggar Sarana Baja: Engineering Services Recent Updates: Fabrication currently handled 33 projects with total on hand of about US$11 million as of 1Q 2014 Transport Equipment achieved 47 units in 1Q 2014 Remanufacturing reported machine hours and man hours of 53,716 and 39,683 in 1Q 2014, respectiv
Slide 42: Fabrication and Transportation
Fabrication and Transportation Number of Fabrication Projects Number of Transport Units 83 56 47 33 1Q 2013 1Q 2014 1Q 2013 1Q 2014 42
Slide 43: Remanufacturing and Site Services
Remanufacturing and Site Services Remanufacturing Activities (hours) Site Services’ Man Hours (thousand hours) Man Hours 513 50.142 Man Hours 39.683 Machine 376 Hours Machine 67.611 Hours 53.716 1Q 2013 1Q 2014 1Q 2013 1Q 2014 43
Slide 44: Cipta Krida Bahari: Integrated Logistics
Cipta Krida Bahari: Integrated Logistics Snapshot: CKB expanded to be an integrated logistics provider offering various services such as: • Freight Forwarding • Project Logistics • Warehouse Management • Shore Base Management • Industrial / Offshore and Coal Logistics Shipping Total Weight ( thousan
Slide 45: Cipta Krida Bahari (CKB): Integrated Logistics
Cipta Krida Bahari (CKB): Integrated Logistics Recent Updates: Chargeable weight of Integrated Logistics achieved 10.2 thousand tons, number of heavy equipment moved amounted 460 units, and floor space rented was 261 thousand square meters (SQM) as of 1Q 2014 ATR had total billable days of 1,279 fro
Slide 46: CKB: Integrated Logistics
CKB: Integrated Logistics Integrated Logistics Project Logistics Warehouse Management Chargeable Weight (thousand tons) Number of Heavy Equipment (units) Space Rented (thousand SQM) 380,8 1.065 11,2 261,2 10,2 460 1Q 2013 1Q 2014 1Q 2013 1Q 2014 1Q 2013 1Q 2014 46
Slide 47: CKB: Industrial Shipping
CKB: Industrial Shipping Billable Days Number of Vessel 1.279 18 +32% +38% 971 13 1Q 2013 1Q 2014 1Q 2013 1Q 2014 47
Slide 48: CKB: Coal Logistics
CKB: Coal Logistics Coal Logistics: TIA Coal Logistics: MIFA Total Coal Logistics ( thousand metric tons ) ( thousand metric tons ) ( thousand metric tons ) 31,1 1.436 1.397 +17% +16% 1.225 1.202 - 1Q 2013 1Q 2014 1Q 2013 1Q 2014 1Q 2013 1Q 2014 48
Slide 49: Financial Highlights
Recent Updates Operational Highlights Financial Highlights 50 Strategy and Mitigations Appendices
Slide 50: Key Selected Consolidated Financial Figures
Key Selected Consolidated Financial Figures (in USD million) 1Q 2014 1Q 2013 YoY Net Revenues 172.6 213.2 (19%) EBITDA 36.0 44.3 (19%) Net Profit1 5.9 15.8 (63%) As at As at Mar 31, 2014 Dec 31, 2013 Change Rupiah per USD 11,404 12,189 (785) Cash and Near Cash2 83.3 104.3 (21.0) Total Interest Beari
Slide 51: ABM and Subsidiaries' Financial Reporting & Loans
ABM and Subsidiaries’ Financial Reporting & Loans Functional Currency: USD Club Deal: YES Functional Functional Functional Functional Functional Currency: Currency: Currency: Currency: Currency: USD USD Rupiah Rupiah Rupiah Club Club Club Club Club Deal: Deal: Deal: Deal: Deal: YES YES NO YES YES NO
Slide 52: Consolidated Income Statements
Consolidated Income Statements (in USD million) 1Q 2014 1Q 2013 YoY Net Revenues 172.6 213.2 -19% Gross Profit 42.3 38.5 10% Selling, G&A, Expenses (29.5) (31.3) -6% EBIT 12.8 7.2 79% EBITDA 36.0 44.3 -19% Other Operating Income (Expenses) 3.8 18.4 -79% Profit from Operation 16.6 25.5 -35% Pre-tax P
Slide 53: Consolidated EBITDA
Consolidated EBITDA (in USD million) 1Q 2014 1Q 2013 Pre-tax Profit 8.2 15.8 Less: Finance Income (1.4) (1.1) Add: Finance Charges 9.9 11.4 Less: Equity in Net Income of Associated Company (0.1) (0.7) Less: Other Operating Income (8.0) (19.4) Add: Other Operating Expense 4.2 1.1 Add: Depreciation 22
Slide 54: Consolidated Balance Sheet
Consolidated Balance Sheet (in USD million) 1Q 2014 1Q 2013 Change Cash & Near Cash 83.3 104.3 (21.0) Trade Receivables, net 185.9 174.8 11.1 Fixed Assets, net 625.3 613.6 11.7 Mining Properties, net 106.6 107.1 (0.5) Other Assets 208.6 213.4 (4.8) Total Assets 1,209.7 1,213.1 (3.5) Trade Payables,
Slide 55: Consolidated Cash Flow
Consolidated Cash Flow (in USD million) 1Q 2014 1Q 2013 YoY Receipt from Customers 164.8 193.5 (28.7) Payment for Suppliers & Employees (124.6) (164.8) 40.2 Payment for Interest & Tax, net (11.2) (13.7) 2.6 Net Cash from Operating Activities 29.0 14.9 14.1 Acquisition of Assets (65.4) (13.0) (52.4)
Slide 56: Leverage Ratios
Leverage Ratios Net Debt to Equity 1.62x (x) Net Debt to EBITDA ( x ) 1.58x All figures 1.62x in US$ million 1.58x unless otherwise stated 3,85 542,8 511,1 3,42 Net Debt Shareholders' Equity 323,4 335,2 1Q 2013 1Q 2014 1Q 2013 1Q 2014 Outstanding Debts (US$ million) As at As at Mar 31, 2014 Dec 31,
Slide 57: Debt Profile
Debt Profile Debt Maturity Profile* (in US$ million) Type of Debts 351,7 Bonds and Sukuk 268,8 13,9% Finance Lease Bank Loans Payables 65,0% 21,1% 117,1 - Below 1 year 1 - 3 years 3 - 5 years Above 5 years NOTE: (*) Including payment of interests Debt Profile based on Currency Interest Rate Profile
Slide 58: 1Q 2014 Capex Breakdown by SBU
1Q 2014 Capex Breakdown by SBU CK 4,30% Reswara 34,87% Total Capex: US$33.3mn SS CKB 58,86% 0,86% SSB 1,09% Note: ABM parent capex amounted US$7,879 or only about 0.02% of total 1Q 2014 total capex 58
Slide 59: Revenues Breakdown by SBU
Revenues Breakdown by SBU 1Q 2014 1Q 2013 Reswara Reswara 21,7% 25,9% CK 36,4% CK 39,7% Total Total Revenues*: Revenues*: US$208.2mn CKB US$243.1mn 12,7% CKB 14,6% SSB SSB SS 11,6% SS 7,8% 15,2% 14,3% Note (*): Revenues before elimination and excluded the gross revenues from ABM parent (“dewatering
Slide 60: Gross Profit Breakdown by SBU
Gross Profit Breakdown by SBU 1Q 2014 1Q 2013 CK 9,3% CK Reswara Reswara 28,8% 29,6% 31,4% Total Gross Total Gross SS Profit*: Profit*: 30,5% US$41.2mn US$38.4mn CKB CKB SS 11,5% 15,6% 20,1% SSB SSB 8,2% 15,0% Note (*): Gross Profit before elimination and excluded the gross profit from ABM parent op
Slide 61: EBITDA Breakdown by SBU
EBITDA Breakdown by SBU 1Q 2014 1Q 2013 Reswara Reswara CKB 1,2% 11,8% SSB 7,7% 3,9% CKB 8,1% CK 36,6% SSB 2,0% Total Total CK EBITDA*: EBITDA*: 49,2% US$36.8mn US$46.4mn SS 38,0% SS 41,5% Note (*): EBITDA before elimination and excluded the EBITDA from ABM parent operation (“dewatering business”) 6
Slide 62: Net Profit Breakdown by SBU
Net Profit Breakdown by SBU Segment / Subsidiary 1Q 2014 1Q 2013 Coal Mine / Reswara 8.5% -10.1% Mine Contractor / CK 55.9% -11.5% Power Solution / Sewatama 25.2% 21.7% Engineering Services / SSB -2.7% 93.2% Integrated Logistics / CKB 13.2% 6.7% Total 100.0% 100.0% 62
Slide 63: Strategy and Mitigations
Recent Updates Operational Highlights Financial Highlights Strategy and Mitigations 63 Appendices
Slide 64: Strategy and Mitigations
Strategy and Mitigations Slowdown in the U.S. and China economic growth may affect global business in 2014, as such ABM undertakes consolidation efforts with focus heavily on: Operational excellence Cost efficiency Prudent cash flow management Capex for 2014 estimated at about USD 130-150 million Fo
Slide 65: Strategy and Mitigations
Strategy and Mitigations Increase exposure to the domestic market Completion of the MDB Project in Aceh Start to enter into earthmoving construction works Eyeing non-coal mining works Accelerate development of the IPP projects Seeks opportunity for non-organic growth Amplify diversification to beyon
Slide 66: Our thesis for long-term remain solid
Strategy and Mitigations Our thesis for long-term remain solid Rising global population, higher energy needs Strategic investment business model Diversification to capture growth opportunity 66
Slide 67: Appendices
Recent Updates Operational Highlights Financial Highlights Strategy and Mitigations Appendices 65
Slide 68: Tiara Marga Trakindo Group Profile
Tiara Marga Trakindo Group Profile Tiara Marga Trakindo Group Structure Overview of Tiara Marga Trakindo Group — Established in 1970, Trakindo was PT Tiara Marga Trakindo (TMT) founded by AHK Hamami — Trakindo became the sole authorized PT Chandra PT ABM Sakti Utama PT Mahadana PT Trakindo Investama
Slide 69: 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% 99.99% 99.98% 99.96% 99.99% PT Reswara Minergi Hartama PT Cipta PT Sumberdaya PT Sanggar Sarana PT Cipta Krida Bahari (“CKB”) (“Reswara”) Kridatama (“CK”) Sewatama (“SS”) Baja (
Slide 70: Reswara: Coal Reserves, Resources, and Concession
Reswara: Coal Reserves, Resources, and Concession TIA MDB Total Total Resources: 561 Million Tons Coal Reserves (MT) Proved Reserves 13 7 20 Probable Reserves 39 162 201 Total Reserves 52 169 221 Total Reserves: 221 Million Tons Coal Resources Measured 32 18 50 Indicated 39 289 328 Inferred 35 148 1
Slide 71: Reswara: Coal Quality Parameters, Mine Concession
Reswara: Coal Quality Parameters, Mine Concession Coal Characteristics TIA MDB Calorific Value (Adb) 5,500-5,300 kcal/kg 5,300-5,100 kcal/kg Caloric Value (GAR) 4,100-3,900 kcal/kg 3,400-3,200 kcal/kg Total Moisture (AR) 35-37% 43-45% Ash Content (Adb) 5.7% 4.6% Sulfur (Adb) 0.3-0.5% 0.2-0.4% Conces
Slide 72: TIA: Mine and Infrastructure Profile
TIA: Mine and Infrastructure Profile PT Tunas Inti Abadi TIA Site (South Kalimantan Province ) • TIA was acquired in Dec 2007, Central Kalimantan Balikpapan commenced commercial production in Aug 2009 and coal sales in Oct 2009 • Coal mining is contracted to ABM Palangkaraya subsidiary, CK • 27 km f
Slide 73: MDB: Mine and Infrastructure Profile
MDB: Mine and Infrastructure Profile MDB Site (Aceh Province) PT Media Djaya Bersama • 70% ownership in MDB • To begin coal production in 2012 by using existing infrastructure and begin construction of own infrastructure in 2012 • Intends to sell coal to Indian power plants for blending • Logistic a
Slide 74: TIA: 1Q 2014 Production Cash Cost Structure
TIA: 1Q 2014 Production Cash Cost (Ex-Royalty) Structure Exploration Others 1,3% 4,5% Warehousing 3,1% Mining Cost 91,2% 74
Slide 75: CK: Heavy Equipment and Machinery Fleet
CK: Heavy Equipment and Machinery Fleet Type of equipment Capacity Number of units Average age (in years) Dec 31, 2013 Excavator 250 - 350 tons 17 6.3 20 - 100 tons 99 2.5 Truck 30 - 100 tons 272 4.1 Dozer 73 2.4 Grader 14 - 16 feet 40 3.1 Wheel loader 4 2.8 Compactor 11 7.4 Total 516 75
Slide 76: CK: 1Q 2014 Cash Cost Structure
CK: 1Q 2014 Cash Cost Structure Tool, Equipment, Spareparts 2,7% Others 4,4% Blasting Rental 3,3% 4,2% Fuel & Lubricant 31,4% Mining Cost 4,5% Labor 15,0% Repairs & Subcontractor Maintenance 17,8% 16,6% 76
Slide 77: SS: Generator Profile
SS: Generator Profile Number of Units Average Average Age as of Capacity Useful Life as of Dec 31, 2013 Model Dec 31, 2013 (kW) (Years) (Years) Diesel 905 1,084,154 9 10 Generator Sets Gas 5 9,000 14 6 Generator Sets MFO 11 20,000 14 2 Generator Sets Total 921 1,113,154 77
Slide 78: Contact Investor Relations
Contact Investor Relations Adi Hartadi Tel:6221-2997-6767 Ext.1874 Fax : 6221-2997-6768 Email : adi.hartadi@abm-Investama.co.id Gedung TMT 1, 18th Fl, Suite 1802 Email : ir@abm-investama.co.id Jl Cilandak KKO No.1 Website : www.abm-investama.com Jakarta 12560 - Indonesia A member of Tiara Marga Trak