Slide 1: www.bayan.com.sg
www.bayan.com.sg 0
Slide 2: Overview 3Q21
Overview 3Q21 2021 has been a very strong year as market prices have increased significantly and are currently forecast to remain strong throughout the remainder of the year. We have utilised this strong financial performance to fully prepay our remaining Bonds and are now in a net cash position
Slide 3: Bayan's Financial and Operational Performance
Bayan’s Financial and Operational Performance YTD YTD 2020 3Q20 3Q21 3Q20 3Q21 Financial Performance (In Million USD) Revenue 1,395.1 307.5 725.4 1,003.2 1,749.1 Gross Profit 462.9 113.3 484.8 300.5 1,076.4 EBITDA 356.7 81.2 438.6 219.5 967.3 Net Profit After Tax * 1 344.5 42.4 321.1 118.2 680.1 Fin
Slide 4: One of the Largest Coal Producers
One of the Largest Coal Producers 1H21 Production Bayan is one of the top five coal producers by production volume 50 40.1 and 3rd in terms of sales volumes in 40 Indonesia. Million Tonnes 30 26.5 20 18.2 18.0 16.5 Bayan’s sales volume will remain at 13.3 8.7 similar to 2021 levels until the new
Slide 5: Low Cost Incremental Growth
Low Cost Incremental Growth Capex Intensity by Country (1) Construction of the new haul road Tabang Capacity Growth commenced in December 2019 250 60+ 218 and is progressing albeit slightly …Unlocking tangible capacity behind schedule. 207 200 30+ upside at ~US$13/ton 175 discretionary growth Cape
Slide 6: One of the Lowest Cost Producers in Indonesia
One of the Lowest Cost Producers in Indonesia Global Cost Competitive Positioning Tabang is independently rated as Q1 Q2 Q3 Q4 one of the worlds lowest cost Tabang energy-adjusted producers of seaborne thermal coal. Tabang has large reserves and a very low Life of Mine (LOM) Seaborne Export Supp
Slide 7: And One of the Highest Margin Producers in Indonesia
And One of the Highest Margin Producers in Indonesia 1H21 EBITDA Margin (%) Over the last few years, Bayan 60 51.7 has transformed itself into one of 50 the highest margin producers in 40.6 40 33.1 Indonesia. 28.2 26.0 30 24.6 This is due to the ramp up of its 20 world class Tabang coal complex,
Slide 8: Deleveraged the Group
Deleveraged the Group Net Debt / EBITDA In January 2020, the Company x issued a 3 year Non-Call Life “NCL” 8 bond of US$ 400 million to ensure 5.8x 6 adequate liquidity going forward. 4 2.6x In 3Q21 Bayan fully prepaid all the 2 0.1x 0 0.5x 0.1x (0.4)x (0.2)x -0.3x outstanding Bonds. 0 2015 2016
Slide 9: 3Q 2021
3Q 2021 Overburden Removal Coal Production Weighted Average Strip Ratio Average Cash Costs Coal Sales Average Selling Price Committed & Contracted Sales EBITDA Debt and Cash Position Capital Expenditure 8 www.bayan.com.sg
Slide 10: Overburden Removal (OB)
Overburden Removal (OB) (million BCM) 40 33.8 36.1 37.1 36.8 3Q21 OB of 36.8 million BCM was generally in line with the Budget 30 despite significantly higher than Budgeted rainfall. 20 3Q21 OB was generally in line with 10 the 2Q21 due to higher rainfall offset by an additional 4 fleets 0 utili
Slide 11: Coal Production
Coal Production (million MT) 10 9.4 9.3 9.0 8.8 3Q21 coal production of 9.3 million 8 MT was slightly higher than the Budget due to site pushing to reach 6 revised RKAB levels and take 4 advantage of higher water levels than anticipated through additional 2 coal barging. 0 3Q21 coal production w
Slide 12: Weighted Average Stripping Ratio (SR)
Weighted Average Stripping Ratio (SR) 6 3Q21 weighted average stripping 5 4.0 4.2 4.0 ratio was slightly lower than the 4 3.6 Budget due to: 3 Slight delay in the 2 commencement of Pakar 1 North Production. 0 3Q20 2Q21 3Q21B 3Q21 Lower SR at WBM. Note : B stands for Budget Figure 3Q21 weight
Slide 13: Average Cash Costs (Budget vs Actual)
Average Cash Costs (Budget vs Actual) 35 3Q21 Cash Costs were US$ 29.9/MT 29.9 30 26.7 which was higher than the Budget due 25 to: (US$ / MT) 20 Higher unit costs of purchased coal 15 due to higher market price. This 10 coal has been used to blend with 5 our Tabang coal to take advantage 0 of ar
Slide 14: Average Cash Costs (2Q21 vs 3Q21)
Average Cash Costs (2Q21 vs 3Q21) 40 3Q21 Cash Costs of US$ 29.9/MT were 35 29.9 higher than 2Q21 of US$ 27.5/MT due to: 30 27.5 25.6 Higher unit cost of coal purchases (US$ / MT) 25 20 due to higher purchase price than 15 2Q21 as market prices continued to 10 increase. 5 Higher wages and sala
Slide 15: Coal Sales (by volume)
Coal Sales (by volume) 12 (million MT) 8.9 9.1 9.6 10 8.5 3Q21 coal sales volumes of 9.6 8 million MT were higher than the 6 Budget and 2Q21. 4 2 Group inventory levels of 2.5 0 million MT as at the end of 3Q20 2Q21 3Q21B 3Q21 September 2021. Note : B stands for Budget Figure Average Senyiur Wat
Slide 16: Coal Sales (by volume) (continued)
Coal Sales (by volume) (continued) Geographic Distribution (YTD 3Q21) – by Volume The Company is focusing on continuing to build its long term Per Region Per Country contracts to Indonesian and other Domestic 11% North Asia Others 10% Philippines South East Asian IPP’s. 34% 28% Malaysia South Asia
Slide 17: Average Selling Price (ASP)
Average Selling Price (ASP) 80 75.4 3Q21 ASP of US$ 75.4/MT was significantly higher than the Budget 70 and 2Q21 due to market prices 57.6 60 continuing to strengthen during the (US$ / MT) 47.5 3Q21. 50 40 34.6 Current forecast by Wood Mackenzie are for market prices to remain strong 30 (and abo
Slide 18: EBITDA
EBITDA 500 438.6 3Q21 EBITDA significantly 400 increased compared to the Budget 300 273.9 and 2Q21 due to significantly 176.9 higher ASP. 200 81.2 100 3Q21 EBITDA was the best quarter 0 ever in the history of Bayan. 3Q20 2Q21 3Q21B 3Q21 Note : B stands for Budget Figure EBITDA Margin 3Q21 EBIT
Slide 19: Total Debt and Cash Position
Total Debt and Cash Position Issued US$ 400 million 3NCL 700 Bonds at 6.125% coupon on 621.9 600 24 January 2020. 547.9 (in million US$) 500 Bayan bought back US$ 250.9 million on 18 May 2021. 406.5 400 7.3 6.8 6.3 400.0 364.6 400.0 400.0 338.6 Working capital facilities of 300 approximately U
Slide 20: Capital Expenditure
Capital Expenditure YTD Capex 2021 was US$ 100.8 60 55.8 million, which was below the 50.5 Budget (US$ 127.1 million) due to 50 46.8 slower than Budgeted progress on the new Tabang 100km coal hauling 40 road and barge loading facilities In Million USD 33.2 30 27.2 primarily as a result of the high
Slide 21: Appendix
Appendix PT Perkasa Inakakerta PIK PT Teguh Sinarabadi TSA PT Firman Ketaun Perkasa FKP PT Wahana Baratama Mining WBM PT Brian Anjat Sentosa BAS PT Bara Tabang BT PT Fajar Sakti Prima FSP PT Dermaga Energi DE Tabang PT Tanur Jaya TJ PT Tiwa Abadi TA PT Silau Kencana SK PT Orkida Makmur OM Pakar PT S
Slide 22: Appendix
Appendix Kangaroo Resources Pty Ltd KRL PT Dermaga Perkasapratama DPP PT Indonesia Pratama IP PT Muji Lines Muji PT Bayan Energy BE PT Metalindo Prosestama MP PT Sumber Aset Utama SAU PT Karsa Optima Jaya KOJ PT Gunungbayan Pratamacoal GBP 21 www.bayan.com.sg
Slide 23: Disclaimer
Disclaimer This presentation contains forward-looking statements based on assumptions and forecasts made by PT. Bayan Resources Tbk management. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are base
Slide 24: Thank You
Thank You 23 www.bayan.com.sg