Pt Antam (persero) Tbk · IDX:ANTM
Pt Antam (persero) Tbk — Non-Deal Roadshow (December 2016)
36 slides from Pt Antam (persero) Tbk's roadshow presentation, Dec 14, 2016
Slide 1: Corporate Presentation
Corporate Presentation PT ANTAM (Persero) Tbk Non-Deal Roadshow Singapore, Kuala Lumpur and Hong Kong 12 - 14 December 2016
Slide 2: Disclaimer
Disclaimer This presentation contains "forward-looking" statements that are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future and are not a guarantee of future performance. The future event
Slide 3: Table of contents
Table of contents Key Highlights Company Overview Operational and Financial Highlights Commodities Outlook Main Projects Establishment of SOE Mining Holding 2
Slide 4: Quick Updates of ANTAM
Quick Updates of ANTAM 1 Lower ferronickel royalty from 4% to 2% 2 Tax allowance for key projects Strategic alliance agreement with Newcrest to gold and copper 3 exploration in West Java, East Java, South Sumatera, Nusa Tenggara, North Sulawesi, Halmahera and Mollucas Islands 4 Discussion on mineral
Slide 5: Company Overview
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Slide 6: ANTAM at A Glance
ANTAM at A Glance Company description 9M16 Sales Breakdown ANTAM is one of the largest listed diversified metals and Ferronickel mining companies in SEA with vertically integrated Bauxite, 23% operations Alumina, Coal & The Company is export oriented with main markets in Asia Nickel Ore and Europe 7
Slide 7: Integrated Mining Company with Diversified Portfolio of Processed Metals
Integrated Mining Company with Diversified Portfolio of Processed Metals Upstream and Downstream Operations Nickel Gold Bauxite Upstream Pomalaa Nickel Pakal Island Nickel Pongkor and Cibaliung Mine Tayan Bauxite Mine Mine Gold Mines Downstream Pomalaa Pomalaa Ferronickel Haltim Ferronickel Tayan Ch
Slide 8: ANTAM's Finished Product
ANTAM’s Finished Product PRECIOUS METAL Minted bar & Batik motif Dinar & Dirham coins Casting based products Stamping based products Industrial products Gold articles Jewelry CHEMICAL GRADE ALUMINA FERRONICKEL Specialty & Hydroxide Alumina Ferronickel Shot 7
Slide 9: Assets in Operation
Assets in Operation Tayan Chemical Sarolangun Coal Geomin PT Nusa Halmahera Tayan Bauxite Mine Grade Alumina Mine Exploration Unit Minerals1) Plant Precious Metals Pomalaa Nickel Pomalaa Pakal Island Nickel Cibaliung Gold Mine Pongkor Gold Mine Processing and Mine Ferronickel Plant Mine Refinery Not
Slide 10: Reserves and Resources
Reserves and Resources Large Nickel Ore Large Bauxite Ore Large Gold Ore Reserves and Resources(1) Reserves and Resources(2) Reserves and Resources(3) (million wmt) (million wmt) (million dmt) 589.5 9.7 857.80 4.3 2.9 131.06 111.40 130.50 72.5 Reserves Resources Average mine Reserves Resources Avera
Slide 11: Operational and Financial Highlights
Operational and Financial Highlights
Slide 12: Production and Sales
Production and Sales Ferronickel Nickel Ore (TNi) (‘000 wmt) 19,530 19,300 19,747 18,372 18,249 18,643 18,500 11,521 16,851 17,211 14,393 9,426 9,711 14,441 12,095 13,388 8,004 12,838 2,322 1,259 1,654 1,108 1,064 632 215 47 433 - 2012 2013 2014 2015 2016E 9M15 9M16 2012 2013 2014 2015 2016E 9M15 9M
Slide 13: Financial Performance (1)
Financial Performance (1) Net Sales (Rp Trillion) Cost of Goods Sold (Rp Trillion) 11.30 10.45 10.53 10.33 9.42 9.61 9.04 8.63 8.62 8.41 6.45 6.08 2012 2013 2014 2015 9M15 9M16 2012 2013 2014 2015 9M15 9M16 Gross Profit (Rp Billion) Net Profit (Loss) (Rp Billion) 2,036 2,993 1,686 409 38 793 423 365
Slide 14: Financial Performance (2)
Financial Performance (2) Cash & Cash Equivalents (Rp Trillion) Total Asset (Rp Trillion) 29.67 24.79 8.08 7.69 20.23 14.69 14.67 13.14 3.87 2.79 2.62 2.87 2012 2013 2014 2015 9M15 9M16 2012 2013 2014 2015 9M15 9M16 Total Liabilities (Rp Trillion) Total Equity (Rp Trillion) 12.04 18.32 18.34 11.30 1
Slide 15: Selling Prices and Cash Costs
Selling Prices and Cash Costs FERRONICKEL PONGKOR GOLD US$/lb. US$/oz. 1,711.85 9.86 1,605.59 1,523.23 7.81 7.74 1,215.69 6.65 1,277.90 1,259.33 6.9 6.39 6.32 4.97 5.46 4.23 830.27 855.91 812.81 4.31 752.88 808.06 3.38 722.59 2011 2012 2013 2014 2015 9M16 2011 2012 2013 2014 2015 9M16 ASP Cash Cost
Slide 16: Excellent Operator and Low Cost Producer of Processed Metals
Excellent Operator and Low Cost Producer of Processed Metals Excellent operations leading ANTAM to be one of lowest cost ferronickel 9M16 Ferronickel Cash Cost producers US$ 3.38 /lb. Royalty & 14.00 Others Tax 1% Nickel Industry Cash Cost League 10% Marketing Fuel 6% 29% 12.00 Plant Cons. Ferronick
Slide 17: Share Price, Nickel Price and Gold Price Movement
Share Price, Nickel Price and Gold Price Movement As of 7 December 2016 1,600 10 1,400 9 Share & Gold Price 8 Nickel Price 1,200 7 1,000 6 800 5 4 600 3 400 2 200 1 - 0 ANTAM (Rp/Share) Gold (US$/Troy Ounce) Nickel (US$/lb) Price as of Price as of 31 Dec 2015 8 Dec 2016 ANTM Rp314/share Rp950/share
Slide 18: Commodities Outlook
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Slide 19: Nickel Outlook
Nickel Outlook Latest Development Nickel End Use Nickel price shows uptrend movement since the Global Ni Consumption Batteries & beginning of 4Q16. YTD nickel price has increased 29% Others 6% 2016 = 1.98Mt to US$5.06 per lb. from US$3.92 per lb. at the beginning Foundry 3% of 2016 Higher demand is
Slide 20: Gold Outlook
Gold Outlook Latest Development Gold Users Gold price shows uptrend movement since the beginning of 4Q16. Gold price YTD has increased 11% to US$1,174 per oz. from US$1,061 per oz at the beginning of 2016 Industrial Use Higher gold price is largely due to limited gold supply 9% Jewelry 50% Brexit is
Slide 21: Bauxite Outlook
Bauxite Outlook Latest Development Alumunium End Use Bauxite is the main raw material for aluminium. Long term Others Transportation aluminium demand is expected to remain solid due to 5% 27% growth in the transportation and construction sector. Consumer durables For industrial application, bauxite
Slide 22: Main Projects
anTtam Main Projects
Slide 23: Main Projects Under Development
Main Projects Under Development Anode Slime & Precious Metal Refinery (PMR) Project Haltim Ferronickel Plant Development Project Anode slime processing Nickel processing to ferronickel Capacity: Facility is planned to have processing capacity of Capacity: Line 1: 13,500 TNi pa capacity, from Stage I
Slide 24: Capex Plan
Capex Plan (in Rp Billion) 2,823.8 7.78 2,346.7 2,265.73 154.31 33.76 2,013.8 47.14 2,552.14 1,708.64 1,920.78 1,740.24 841.82 9.50 642.20 483.74 263.91 226.43 311.19 190.11 2013 2014 2015 9M16 2016E Routine Development Deferred Expenses ANTAM’s capex plan reflects prudent financial management amids
Slide 25: P3FH Layout
P3FH Layout 24
Slide 26: P3FH Power Plant Layout
P3FH Power Plant Layout antam
Slide 27: P3FH Progress
P3FH Progress Drainage in River Plant Area Normalization Access Road in Land Leveling Jetty Area in Jetty Area 26
Slide 28: SGAR Mempawah Plant Layout
SGAR Mempawah Plant Layout Legend : 1. Bauxite & Coal Storage 2. Coal Power Plant 3. Digester 4. Precipitation 5. Alumina Storage 6. ATH Storage 7. Calciner 8. Office 27
Slide 29: SGAR Mempawah Progress
SGAR Mempawah Progress Land Leveling in Land Clearing in Mining Area Mining Area Drainage Land Leveling Prepraration Activities on Works in Mining Plant Site Site 28
Slide 30: Anode Slime and PMR Project Progress
Anode Slime and PMR Project Progress MoU Signing with PT Freeport Indonesia & PT Smelting 29
Slide 31: Corporate Social Responsibility (CSR) Programs
Corporate Social Responsibility (CSR) Programs Distribution of CSR Funds Rp Billion 160 152 140 CD PK 120 115 BL 100 90 80 75 72 63 64 60 45 40 30 20 20 10 13 7 2 0.6 0 2012 2013 2014 2015 9M16 ANTAM’s CSR Program is comprised of 4 programs: Community Development (CD), Partnership Program (PK), Envi
Slide 32: External Recognition and Accolades
External Recognition and Accolades Date Event Award Organizer July 1, 2016 Corporate Image Award 2016 Corporate Image Awards – Mineral Mining Tempo Magazine and Frontier Consulting August 25, 2016 Social Business Innovation • Social Business Innovation Company 2016 in the Metal and Warta Ekonomi Mag
Slide 33: Establishment of SOE Mining Holding
Establishment of SOE Mining Holding
Slide 34: Mining Holding SOE - Background
Mining Holding SOE - Background Background Objective Although Indonesia enjoys vast coal and 1. Create Cost Efficiency following mineral reserves and resources, the majority implementation of Business Synergy of the mines are retained by foreign/private 2. Increased Financial Capability and companie
Slide 35: Structure Before and After the Creation of Mining Holding
Structure Before and After the Creation of Mining Holding BEFORE AFTER 1 A series share 100% 100% 65% 65.02% 65% 9.36% 65% 65.02% 65% 9.36% 34
Slide 36: Thank You
anTam Thank You
PT ANTAM (Persero) — Non-Deal Roadshow (December 2016) on 6ix