PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — 9M14 Earnings Presentation
24 slides from PT Bukit Asam (Persero) Tbk's earnings presentation, Oct 30, 2014
Slide 1: PT Bukit Asam (Persero) Tbk Corporate Presentation, 9M14 Results
PT Bukit Asam (Persero) Tbk Our Vision: To be “An Environmentally Conscious World Class Energy Company” www.ptba.co.id Corporate Presentation, 9M14 Results Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA Release on 30 October 2014
Slide 2: Contents
Contents 1. Introduction 2. Operational Review 3. Commercial Review 4. Financial Review 5. Project Development Appendices 01
Slide 3: Company's Key Milestones
Introduction Company’s Key Milestones Indonesia’s Oldest and Most Experienced Coal Producer PN TABA was converted PTBA was publicly listed into a limited corporation on the Jakarta Stock and its name changed to Exchange with 35% of PT Tambang Batubara shares held by the public. During the Dutch colo
Slide 4: Operational Highlights
Operational Review Operational Highlights 24.7 Revenue (IDR Trillion) Net Profit (IDR Trillion) Railway Capacity (Mn ton) Sales Volume (Mn ton) 17.9 3.08 17.8 2.9 2.7 15.3 11.6 11.2 2.01 12.8 12.9 13.5 10.6 1.8 12.5 11.5 11.9 9.0 7.9 10.8 10.5 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2
Slide 5: Operations Location
Operational Review Operations Location Mining Business License (IUP) Total Resources 7.29 billion tons Tanjung Enim Mine 66,414 Ha Total Mineable Reserves 1.99 billion tons Ombilin Mine 2,950 Ha Peranap Mine 18,230 Ha PERANAP MINE Recources : 0.79 billion tons IPC Mine 3,238 Ha Mineable : 0.37 billi
Slide 6: Resources & Reserves
Operational Review Resources & Reserves 0.20 bn tons 0.06 bn tons 3.51 bn tons 0.68 bn tons 3.58 bn tons 1.25 bn tons Parameter BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) < 18 18 ‐30 > 35 CV (KCal/Kg adb) > 6,400 4,900 – 6,400 < 4,900 (KCal/Kg ar) 5,800 – 7,950 4,400 – 5,800 < 4,400 05
Slide 7: Global Coal Review
Commercial Review Global Coal Review Pacific Basin Seaborne Thermal Coal Import Demand Thermal Seaborne Export by Country (Mt) by Country and Rank (Mt) Source: Wood Mackenzie Coal Market Service, November 2013 Source: Wood Mackenzie Coal Market Service, November 2013 Atlantic Basin Seaborne Thermal
Slide 8: National Coal Review
Commercial Review Indonesian Domestic Demand Vs Exports (Mt) National Coal Review Primary Energy Mix (%) Source: Wood Mackenzie Coal Market Service, November 2013 Source: Agency For The Assessment And Application Of Technology, Dec 2013 Coal Consumption Guidance for Electricity Fuel Mix 2005‐2021 :
Slide 9: Costs & Prices
Financial Review Costs & Prices Total Cash Cost (FOB) 1H14 Total Cost Breakdown Electricity, 1% Coal Purchase, 8% Mining Service, 9M13 9M14 YoY 31% Tanjung Enim System *) Heavy Equipment, 4% Ex Royalty (IDR) 556,121 584,281 +5% Fuel, 1% Total (IDR) 598,033 630,544 +5% Salaries & Wages, *) Note: Tota
Slide 10: Coal Brand & Sales Breakdown
Financial Review Type Of Coal by Quality Coal Brand & Sales Breakdown CV TM IM Ash VM FC TS max Coal Brand HGI Kcal/Kg,adb Kcal/Kg,ar %,ar %,adb %,adb %,adb %,adb %,adb IPC 53 5,300 ‐ 34 15 8 39 40 0.5 ‐ BA 55 5,500 4,550 30 15 8 39 38 0.8 50 9M14 Sales Breakdown by country BA 59 5,900 5,000 28 14 6
Slide 11: Financial Ratios
Financial Review Financial Ratios GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) 32 29 19 18 16 15 9M13 9M14 9M13 9M14 9M13 9M14 54.1 39.7 50 34.6 48.9 35 30.5 44 29.1 31 29 46.2 25.4 23.7 25 31 19 16 2% 11% 15% 8% 12% 30% 1% 15% 28% 20% 11% 39% 12% 29% 18% 14% 14% 36% 200
Slide 12: PTBA Versus Global & Local Peers
Financial Review PTBA Versus Global & Local Peers 33% 22% 17% 16.959 7.954 YZC ACI BYAN BTU BUMI ITMG HRUM BRAU ADRO PTBA AVERAGE ‐0.692 GROSS_MARGIN OPER_MARGIN NET_MARGIN Source: Bloomberg, 14 October 2014 YZC :Yanzhou Coal Mining ACI : Arch Coal Inc. – USA (NYSE) ADRO : PT Adaro Energi – IDX HRUM
Slide 13: Summary Financial Performance
Financial Review Summary Financial Performance (IDR Tn) FY13 9M13 9M14 YoY Sales 11.209 8.104 9.638 119% COGS 7.745 5.738 6.589 115% EBITDA 2.530 1.746 2.241 128% Net Income 1.826 1.243 1.582 127% Assets 11.677 11.372 14.049 124% Cash 3.343 3.266 4.436 136% Net Margin 16% 15% 16% 107% Return On Asse
Slide 14: Infrastructures Expansion
Infrastructures Expansion Double Tracks Single Track with Crossing Sections Tanjung Enim Mine with the installed production capacity of 25 Mtpa Kertapati Palembang Barging Port TANJUNG ENIM MINE Muara Enim Lahat Prabumulih Railway (Upgraded) - Capacity : up to 22.7 M tpa - TE – Kertapati : 160.9 Km
Slide 15: Power Plants Projects
Power Plants Projects 800-1200MW Power Plant - Location : Peranap Riau - Coal Cons. : 8.4 M tpa - COD : 2018 3x600MW Sumsel 9&10 PP - Location : Muara Enim - Coal Cons. : 8.4 M tpa - COD : 2018 2x110MW Power Plant - Location : Banjarsari - Coal Cons. : 1.4 M tpa - COD : 2014 2x620MW Power Plant - Lo
Slide 16: Production Infrastructure & CBM Projects
Project Development Production Infrastructure & CBM Projects Project Status Upgraded Existing • Tanjung Enim – Tarahan Port (410km), TE – Kertapati Port (161km) Railway Line • 100% owned by State Railway Company, PT KAI • Capacity of 22.7Mtpa (2015 – 2029) • Currently, it has a total of 3,071 wagons
Slide 17: Power Generation Projects
Project Development Power Generation Projects The Plant Status 2x110MW Banjarsari Power • PTBA (59.75%), PJB (29.15%), NII (11.10) Plant • Investment of USD320 Mn • Coal Consumption: 1.4 M tpa • Estimated Commercial Date: 4Q14 2x620MW Banko Tengah • PTBA (45%), China Huadian Hong Kong Company Ltd (5
Slide 18: Long Term Domestic Commitment
Long Term Domestic Committment Supporting National Energy Policy Having A Total Long Term Coal Supply with: Committed Volume o National Power Company\PLN (2010 – 2030) : 262 Mt o Indonesia Power (2013 – 2022) : 52 Mt o Huadian Bukit Asam Power\Power Plant (25 Years) : 150 Mt o Bukit Pembangkit Inn
Slide 19: The New Look of Tarahan Port in 4Q 2014
Appendix The New Look of Tarahan Port in 4Q 2014 Note: TOTAL STOCKPILE will be 860,000 tons Stockpile 1 = 60,000 tons Stockpile 4a = 150,000 tons Stockpile 2 = 250,000 tons Stockpile 4b = 150,000 tons Stockpile 3 = 250,000 tons 18
Slide 20: PTBA Structure
Appendix PTBA Structure PTBA operates a fully integrated The Indonesian large coal mining in Tanjung Enim ( South Sumatera), Ombilin (West PTBA Government owns 65% of Total Shares Sumatera), Peranap (Riau), and East Kalimantan with Total Resources & Reserves are 7.29 billion tons and The Subsidiarie
Slide 21: Shareholders Information
Appendix The Top Thirty Shareholders of PTBA ended 30 September 2014 Shareholders Information NO Shareholders Number % 1 NEGARA REPUBLIK INDONESIA 1,498,087,500 65.02 2 TAMBANG BATU BARA BUKIT ASAM (PERSERO), 129,997,500 5.64 3 BPJS KETENAGAKERJAAN‐JHT 53,376,000 2.32 4 PT TASPEN (PERSERO) ‐ THT 35,
Slide 22: Production vs Sales, Revenues vs Net Income, Index Movement
Appendix PTBA Production Vs Sales 2002 - 2013 Index Movement Dec’02 – Oct’14 17.8 6000 27500 5500 25000 15.3 15.1 5000 Jakmine IHSG PTBA 22500 13.4 13.9 4500 12.9 20000 12.7 12.9 4000 12.4 12.5 17500 11.6 3500 10.0 10.8 10.8 15000 9.5 3000 9.8 9.9 9.6 9.9 12500 9.5 9.5 9.2 9.2 2500 9.1 10000 2000 15
Slide 23: Projected Sales Volume to 2017
Appendix Projected Sales Volume to 2017 In Million Ton 35.0 30.0 25.0 20.0 17.8 15.3 12.4 12.9 13.4 2009(A) 2010(A) 2011(A) 2012 (A) 2013(A) 2014(F) 2015(F) 2016(F) 2017(F) TE System Production Total Sales Railways Transportation 22
Slide 24: Disclaimer
Disclaimer: This presentation contains forward-looking statements based on assumptions and forecasts made by PT Bukit Asam (Persero) Tbk management. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are