PT Bukit Asam (Persero) Tbk · IDX:PTBA

PT Bukit Asam (Persero) Tbk — Investor Presentation (October 2012)

19 slides from PT Bukit Asam (Persero) Tbk's investor presentation, October 2012

  1. Slide 1: Focus On Optimizing Value For Both Corporate & Investors

    mitted Bukit Asam “ry, Focus On Optimizing Oalue For Both Corporate & Onvestors october 2012

  2. Slide 2: Contents

    Contents 1. Introduction 2. Operational Review 3. Financial & Commercial Review 4. Projects Development 01

  3. Slide 3: Highlights of Corporate Performance

    Introduction Highlights of Corporate Performance FY11 FY12(F) %YoY 1H11 1H12 % YoY  Sales volume (mn ton) 13,5 18,6 +35% 6,54 7,36 +13%  Production Output (mn tons) 12,9 16,3 +28% 6,52 7,88 +21%  Railway Capacity (mn tons) 11,5 15,6 +32% 5,63 5,85 +4%  Revenues (IDR tn) 10,58 - - 5,12 5,79 +13%

  4. Slide 4: Mines & Ports

    Operational Review Mines & Ports MINING BUSINESS LICENSES (IUP) Total Resources 7.29 billion tons Tanjung Enim Mine 66,414 Ha Total Mineable Reserves 1.99 billion tons Ombilin Mine 3,950 Ha Peranap Mine 18,230 Ha PERANAP MINE Recources : 0.79 billion tons IPC Mine 3,238 Ha Mineable : 0.37 billion to

  5. Slide 5: Coal Resources & Reserves

    Operational Review Coal Resources & Reserves 0.20 bn tons 0.06 bn tons 0.68 bn tons 3.51 bn tons 3.58 bn tons 1.25 bn tons BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) : < 18 : 18 -30 : > 35 CV (Kkal/Kg adb) : > 6,400 : 4,900 – 6,400 : < 4,900 (Kkal/Kg ar) : 5,800 – 7.950 : 4,400 – 5.800 : < 4,400 04

  6. Slide 6: Global Market Outlook

    Operational Review Global Market Outlook Source : Wood Mackenzie Coal Market Service, February 2012 Source : Wood Mackenzie Coal Market Service, February 2012 Spot & Term Contract Price Global Index on 12 Oct 2012 = USD 82.00 ICI 6.500 GAR on 12 Oct 2012 = USD 85,65 ICI 5.800 GAR on 12 Oct 2012 = US

  7. Slide 7: Domestic Market Outlook

    Operational Review Domestic Market Outlook National Energy Policy Projected Indonesian Coal Supply & Demand 5.2% Oil (Million tons) 25.9% Nat.gas 342 405 Coal 24% 337 317 332 361 Water Geothermal 30.7% 252 254 Renewable 234 250 191 220 CTL 20% 185 Biofuel 170 20% 67 82 85 88 49,7% 2011 2012 2013 201

  8. Slide 8: Cost & Price

    Financial & Commercial Review Cost & Price Composition of Total Cost 1H12 Total Cash Cost (FOB) Tanjung Enim FY11 1H11 1H12 %YoY Shipping Spare Parts Fuel Electricity System*) 5% 2% 2% 1% Ex Royalty (IDR) 414,383 394,112 404.157 +2,5% Rental of heavy equipments Railway Service 8% Total (IDR) 25% 464

  9. Slide 9: Financial Ratio (%)

    Financial & Commercial Review Financial Ratio (%) GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) 54.1 50 48.9 39.7 34.6 35 46.2 29.1 30.5 29 22.9 23.7 25.4 40 18.4 12% 34% 29% 17% 14% 2% 6% 22% 15% 8% 1% 3% 23% 1%51% 27% 51 20% 23% 2007 2008 2009 2010 2011 2007 2008 2009 2

  10. Slide 10: Coal Brand & Sales Distribution

    Financial & Commercial Review Coal Brand & Sales Distribution Coal Brand Coal Sales Distribution 1H12 by country 0,2% CV Coal TM IM Ash VM FC TS (Kcal/Kg Brand (%, ar) (%,adb) (%,adb) (%,adb) (%,adb) (%,adb) , adb) India 16,3% IPC 53 5.300 34 15 8 39 40 0.5 Taiwan BA 55 5.500 30 14,7 7,3 39,0 39,0 0

  11. Slide 11: PTBA among Global & Local Peers

    Financial & Commercial Review PTBA among Global & Local Peers 50 45% 40 32% 28% 30 20 10 0 ACI BYAN BTU BUMI YZC ITMG BRAU HRUM ADRO PTBA AVERAGE -10 -20 -30 -40 -50 Gross Profit Margin (GPM) Operating Profit Margin (OPM) Net Profit Margin (NPM) Based on Bloomberg 28 September 2012 ACI : Arch Coal I

  12. Slide 12: Financial Performance

    Financial & Commercial Review Financial Performance Description FY11 1H11 1H12 (%) YoY (in billions of IDR) Sales 10,581.57 5.119.299 5.789.907 +13.1% COGS 5,302.59 2.430.957 3.111.057 + 28% EBITDA 4125.63 2.185.804 2.128.182 ‐ 3% Net Income 3,082.78 1.610.777 1.564.292 ‐3% Assets 11,745.49 1.507.10

  13. Slide 13: Projects Location

    Projects Development Projects Location Coal Bed Methane (CBM) - Capacity : ± 40 Tanjung Api-api Port MMSCF/day - Expect. COD : 2013 Power Plant – Bukit Asam Railway Project (New) - Adani - Capacity : 4 x 65 MW - Capacity : 35.0 M tpa - Coal Cons. : 1 M tpa - Distance : 270 Km - Since : 1987 - Expect

  14. Slide 14: Railway Projects

    Projects Development Railway Projects PT KA – Existing Railway BATR ‐ New Railway Project Adani ‐ New Railway Project (BukitAsam Transpacific Railway) Tanjung Enim – Tarahan Port (410 Km) Location Tanjung Enim – New Port in Lampung (280 Km) Tanjung Enim – New Port in Tanjung Api Api (270 Km) Tanjung

  15. Slide 15: Infrastructure Expansion & CBM Projects

    Projects Development Infrastructure Expansion & CBM Projects Production Infrastructure Coal Bed Methane (CBM) Expansion Location Tanjung Enim / Kertapati port / Tarahan port Tanjung Enim Shareholders PTBA (100%) PTBA (27,5 %), Pertamina (27.5%), Dart Energy (45%) To increase and expand the existing

  16. Slide 16: Mine Mouth Power Plant Projects

    Projects Development Mine Mouth Power Plant Projects Banjarsari Banko Tengah Peranap Mine Mouth Power Plant Mine Mouth Power Plant Mine Mouth Power Plant Location Tanjung Enim Mine Tanjung Enim Mine Peranap Riau Objective To underpin the coal based energy business To underpin the coal based energy b

  17. Slide 17: Small Scale Power Plant Projects

    Projects Development Small Scale Power Plant Projects Power Plant For Internal Use Power Plant For Internal Use Location Tanjung Enim Tarahan Port Objective efficiency through cost savings of electricity used efficiency through cost savings of electricity used ‐ First Firing of Unit on 1 November 20

  18. Slide 18: For Further Information / Disclaimer

    For Further Information: Contact : Hendri Rudiawan Position : Head of Investor Relations Address : PT Bukit Asam (Persero) Tbk Menara Kadin, 15th Foor, Jl. Rasuna Said, Blok X‐5 Kav. 2 & 3, Jakarta 12950, Indonesia Telephone : +62 21 5254014 Facsimile : +62 21 5254002 E‐mail : hrudiawan@bukitasam.co

  19. Slide 19: Appendix: Expanded Development of Tarahan Port in 2013

    Appendix THE EXPANDED DEVELOPMENT OF TARAHAN PORT IN 2013 Note: TOTAL STOCKPILE will be 860,000 tons in 2013 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

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