Pt Archi Indonesia Tbk · IDX:ARCI
Pt Archi Indonesia Tbk — H1 2022 Earnings Presentation
21 slides from Pt Archi Indonesia Tbk's earnings presentation, Aug 5, 2022
Slide 1: PT Archi Indonesia Tbk Earnings Call – 1H22
PT Archi Indonesia Tbk (IDX: ARCI) Earnings Call – 1H22 Published date: 5 August 2022
Slide 2: Disclaimer
Disclaimer IMPORTANT: You must read the following before continuing. In accessing the presentation (this “presentation”), you agree to be bound by the following terms and conditions. The materials in this presentation have been prepared by PT Archi Indonesia Tbk (the “Company” or “Archi”) and are ge
Slide 3: Asset Overview
Asset Overview Asset / Project Toka Tindung Gold Mine Mineral Resources 5.5 Moz (as of end 2020) PT Meares Soputan Mining (“PT MSM”) & PT Ore Reserves 3.9 Moz (as of end 2020) Operating Companies Tambang Tondano Nusajaya (“PT TTN”); both are wholly-owned subsidiaries of PT Archi Indonesia Tbk Contra
Slide 4: Key Highlights – 1H22
Key Highlights – 1H22 Ore processed reached 1.82 Mt, 4% higher compared to 1.75 Mt in the same period last year. While the average gold head grade 1 of ore processed was 1.10 g/t, 35% lower compared to the same period last year of 1.70 g/t. As a resulted, gold production was 29% lower at 58.3 koz co
Slide 5: Mining, Processing & Production
Mining, Processing & Production Lower gold produced mainly due lower average gold head grade The Company has optimized mining activities of 3 (three) mining pits and processed high grade ore to maintain operational performances. Stripping ratio was significantly lower at 3.2x compared to 10.2x i
Slide 6: Exploration Updates
Exploration Updates Throughout the first six months of 2022, Archi continued doing exploration activities, both in the Eastern and Western Corridor, in order to discover new Mineral Resources and Ore Reserves. Exploration activities carried out by the Company, through its subsidiaries PT MSM and P
Slide 7: Consolidated Profit & Loss Statement – 1H22
Consolidated Profit & Loss Statement – 1H22 Selected Key Items In US$ million, For the period ended 30st June Lower revenue and profitability as a result from unless stated otherwise 2022 2021 % chg lower gold sales volume Revenue 119.6) 142.4) (16.0) Archi’s consolidated revenue reached US$119.6 C
Slide 8: Consolidated Statement of Financial Position – 30th June 2022
Consolidated Statement of Financial Position – 30th June 2022 Selected Key Items In US$ million, As at As at Maintain debt to equity (“DER”) level % chg unless stated otherwise 30th Jun 2022 31st Dec 2021 Cash and cash equivalents(1) 12.4 12.3 0.8) Increase in short term bank loans due to Inventori
Slide 9: Consolidated Statement of Cash Flow – 1H22
Consolidated Statement of Cash Flow – 1H22 Selected Key Items In US$ million, For the period ended 30th June Sustainable cash flows to support capital unless stated otherwise 2022 2021 chg expenditures requirements Net cash flows provided from operating activities 16.6) 64.4) (74.2) Net cash flows
Slide 10: Long-term Debt Repayment Schedule
Long-term Debt Repayment Schedule Existing Long-term Debt Outstanding Balance Tenor Interest Rate Maturity Date (as at 30th June 2022) (Years) Conventional Facility and MMQ US$255.6mn LIBOR / JIBOR + 4.00%(1) 5.0 2025 (excl. amortized costs) Repayment Schedule (US$ mn) 19 35 68 151 400 273 254 220 1
Slide 11: Latest Conditions in Araren Pit
Latest Conditions in Araren Pit Pit wall remediation on progress (in April, ESDM has allowed the Company to access Araren for pit remediation for the purpose of mining activities preparation). Araren river has been diverted Road relocation currently used temporary road. Fully operations for re
Slide 12: Business Prospects
Business Prospects Considering the natural disaster incident which affected Araren pit, the Company expects that gold production for this year will be reduced by approximately 25% compared to 2021, and impacted financial performance accordingly. The Company is currently studying underground mini
Slide 13: Q & A Session
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Slide 14: Appendix
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Slide 15: Business Overview
Business Overview Exploration Mining Processing Refining Processing Plant Mine Drill & Planning Blast Grade Load & Control Haul Gold Dore Based on latest JORC Report: Mining at site is undertaken by Process utilizes a standard - Ore Reserve 2020 (Gold: 3.9 mining contractors using Carbon in Leach de
Slide 16: Historical Operational Trend
Historical Operational Trend Waste Mined Ore Mined (‘000 tonnes) 13.5x 11.3x 10.7x 41,114 9.0x 6.4x 6.8x 5.6x 5.2x 27,417 4.4x 4.4x 3.7x 3.2x 23,879 21,828 18,569 5,025 13,766 15,488 14,808 15,256 15,082 15,484 4,590 3,441 3,212 3,482 7,872 2,744 2,858 2,346 2,552 2,453 1,219 1,774 2011 2012 2013 20
Slide 17: Shareholding Structure
Shareholding Structure IPO Completion on 99.99% Public 28th June 2021 84.99% PT Wijaya Anugrah Cemerlang 15.00% Archipelago 100.00% 0.01% Resources PTE LTD 0.50% 0.50% 99.50% 99.50% 99.96% 99.99% 51.00% PT Meares PT Tambang PT Jasa PT Elang Mulia PT Karya Kreasi Soputan Mining Tondano Nusajaya Perta
Slide 18: ESG Commitment
ESG Commitment Archi will make continuous efforts on sustainable operations and strive to maintain its position as an ESG leader, as recognized by various industry bodies and the Indonesian government. Soil and Mine Management Community Relationship Progressive reclamation of mine sites Maintain
Slide 19: Occupational, Health & Safety Measures
Occupational, Health & Safety Measures Improved safety & risk controls helping to reduce higher potential injuries to the workforce Health & Safety Statistics 2019 2020 2021 1H2022 Incident Frequency Rate 17.33 15.69 13.11 3.12 Lost Time Injury (“LTI”) 0 3 0 0 LTI Frequency Rate 0 0.57 0 0 Medically
Slide 20: Corporate Social Responsibilities
Corporate Social Responsibilities Social & Cultural Biodiversity conservation Forest conservation Basic foods donation in response to 1,000 Days of Life program to support babies’ Worship facilities construction Covid-19 pandemic health Health Education Health post centre Scholarship educa
Slide 21: Thank You!
For Further Information, please contact: Archi Indonesia – Head Office Thank You! MENARA RAJAWALI, 19th Floor Jl.DR. Ide anak Agung Gde Agung Lot #5.1 Kawasan Mega Kuningan – Kuningan Timur – Setiabudi, Jakarta 12950 – Indonesia Phone : +62 21 576 1719 Email : corsec@archimining.com Website : www.ar