PT Bukit Asam (Persero) Tbk · IDX:PTBA

PT Bukit Asam (Persero) Tbk — Investor Presentation (July 2011)

20 slides from PT Bukit Asam (Persero) Tbk's investor presentation, July 2011

  1. Slide 1: Corporate Presentation July 2011

    Bukit Asam CORPORATE PRESENTATION July 2011 0 1

  2. Slide 2: Highlights, Overview, Financial and Commercial Performance, Growth Options

    •Highlights •Overview •Financial and Commercial Performance •Growth Options p 2

  3. Slide 3: Highlights

    mated Bukit Asam

  4. Slide 4: Highlights: sales, production, revenue and net profit

    Revenue (IDR.Trillions) 9 2011(F) 1H10 1H11 % YoY 7.2 7.9  Sales volume 16.0 million tons 6.4 million tons 6.5 million tons +2% 3.5 4.1  Production Volume 15.0 million tons 5.8 million tons 6.2 million tons +6%  Coal transportation 13.25 million tons 5.1 million tons 5,6 million tons +11% 2006 20

  5. Slide 5: Overview

    mated Bukit Asam

  6. Slide 6: Mining business license, resources and infrastructure

    MINING BUSINESS LICENSE (IUP) Tanjung Enim Mine : 66,414 Ha Total Resources : 7.29 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 : 90,000 tons Recour

  7. Slide 7: Coal resources by quality

    0.20 bn tons 0.06 bn tons 0.68 bn tons 3.51 bn tons 3.58 bn tons 1 25 bn tons 1.25 *) BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) : < 18 TM (% ar) : 18 -30 TM (% ar) : > 35 CV (Kkal/Kg adb) : > 6 6,400 400 CV (Kkal/Kg adb) : 4,900 4 900 – 6,400 6 400 CV (Kkal/Kg adb) :<4 4,900 900 (Kkal/Kg ar) : 5,8

  8. Slide 8: Seaborne thermal coal demand, supply and prices

    Seaborne thermal coal demand by y region g Pasific basin Seaborne thermal coal demand 2009 ‐ 2025 Other Phillippines 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 Service

  9. Slide 9: Indonesian coal supply and demand and energy policy

    P j t d Indonesian Projected I d i Coal C l Supply S l & Demand D d N ti National lEEnergy Policy P li (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 D

  10. Slide 10: Financial and Commercial Performance

    mated Bukit Asam 10

  11. Slide 11: Total cash cost, stripping ratio and average selling price

    Total Cash Cost (FOB) Composition of Total Cost 3M11 FY10 3M10 3M11 %YoY Shipping Spare Parts Fuel Electricity 4% 2% 3% 1% Rental of heavy Tanjung j g Enim 394,588 , 373.723 40.9,479 , +10% equipments 6% System*) (IDR) Railway Service 28% “or” 43.89 41.00 47.02 +15% Royalty (USD) 11% Currency : IDR

  12. Slide 12: Gross, operating and net profit margins

    GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) 54.1 48.9 39 7 39.7 46.2 30.5 34.6 25.4 29.1 23.7 40 18.4 37.8 22 9 22.9 13 7 13.7 18.6 3% 2% 6% 22% 15% 3% 1% 23% 51% 27% 3% 12% 34% 29% 17% 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 3M11 vs 3

  13. Slide 13: Coal sales distribution by country and brand

    Coal Brand Coal Sales Distribution 1H11 by country 0.2%0.8% 1.02% 2.3% Korea CV Coal TM IM Ash VM FC TS (Kcal/K 6.5% India Brand (%, ar) (%,adb) (%,adb) (%,adb) (%,adb) (%,adb) g, adb) Taiwan IPC 53 5 300 5.300 34 15 8 39 40 05 0.5 Domestic Export 9 1% 9.1% Vi t Vietnam BA 55 5.500 30 14,7 7,3 39,0

  14. Slide 14: Margin comparison with coal peers

    Gross Profit Margin (GPM) Operating Profit Margin (OPM) Net Profit Margin (NPM) 50 46% 40 29% 30 25% 20 10 0 ACI ANR BYAN BTU ADRO ITMG BRAU HRUM BUMI PTBA CNA AVERAGE Based on Financial Report as of December 31, 2010 ACI : Arch Coal Inc. – USA (NYSE) BYAN : PT Bayan Resources – IDX ADRO : PT Adaro

  15. Slide 15: Financial summary

    Description FY10 3M10 3M11 (%) YoY (in billions of IDR) Sales 7,909.15 1,781.83 2,315.10 + 30% COGS 4,258.99 1,075.08 1,071.62 - 0.3% EBITDA 2,669.06 502,78 1,035.54 + 106% Operating Income 2,304.16 422.92 944.64 + 123% Net Income 2,008.89 373,03 760,33 + 104% Assets 8,722.70 9,909.36 + 14% Cash 5,0

  16. Slide 16: Growth Options

    mated Bukit Asam 16

  17. Slide 17: Growth projects: railway and power plant

    Existing Railway Project New Railway Project  Project objective : increase capacity to 22.7 million tons / annum  Capacity : 25.0 million tons / annum  TE – Tarahan : 416.6 Km  Parties : PTBA; Transpacific Railway Infrastructure; TE‐Kertapati : 167.6 Km China Railway Engineering  Expected Comp

  18. Slide 18: Existing and new railway projects

    EXISTING RAILWAY PROJECT NEW RAILWAY PROJECT ((TANJUNG ENIM - TARAHAN PORT & KERTAPATI PIER)) ((TANJUNG ENIM - A NEW PORT IN LAMPUNG PROVINCE)) Parties Existing South Sumatera Railway owned and operated by ‐ PTBA 10 % PT KA, which is a state owned railway company. ‐ Rajawali Asia Resources 80 % ‐ Ch

  19. Slide 19: Banjarsari mine mouth power plant and coal bed methane

    BANJARSARI MINE MOUTH POWER PLANT COAL BED METHANE PROJECT (2x100 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 Energy (45%). Status ‐ Financing from Bank Mandiri ‐ Production Sharing Contract between consort

  20. Slide 20: Contact and disclaimer

    Contact :Investor Relations Address :Menara Kadin, 15th floor, Jl. Rasuna Said, Blok X‐5 Kav. 2 & 3, Jakarta 12950, Indonesia Telephone :+62 21 5254014 Fax :+62 21 5254002 E‐mail address :ntobing@bukitasam.co.id Website :www.ptba.co.id <Disclaimer> The views expressed here contain information derive

PT Bukit Asam (Persero) — Investor Presentation (July 2011) on 6ix