Pt J Resources Asia Pasifik Tbk · IDX:PSAB

Pt J Resources Asia Pasifik Tbk — Investor Presentation (March 2017)

14 slides from Pt J Resources Asia Pasifik Tbk's investor presentation, March 2017

  1. Slide 1: Company Presentation

    Company Presentation March 2017

  2. Slide 2: Disclaimer

    Disclaimer  This presentation has been prepared by the management of PT J Resources Asia Pasifik Tbk (the “Company”) for information purposes. By accepting this presentation, the recipient of this presentation (the “Recipient”) acknowledges and agrees that all of the information contained in this p

  3. Slide 3: Leading Gold Mining Company in Southeast Asia

    Leading Gold Mining Company in Southeast Asia EBITDA and Margin  Indonesian independent gold producer (US$mm, %) 44.5% 48.7% 51.6%  ~200 koz per annum production for the last 3 50.0% years, derived mainly from our operating Leading Indonesian assets 140 121 0.0% 125 Indonesian Gold US$120-140mm EB

  4. Slide 4: Corporate Structure and Assets

    Corporate Structure and Assets J Resources Public Mining Limited1 7.50% 92.50% Minority9 PT J Resources Asia Pasifik Tbk2 1.13% 98.87% PT J RESOURCES NUSANTARA3 100.00% 100.00% 99.80% 80.00% 99.80% 99.50% 99.90% Minority10 20.00% J&P Resources Gold PT J Resources J Resources PT J Resources PT Sago P

  5. Slide 5: Successful Growth Story

    Successful Growth Story 2012 – ESTABLISHMENT YEAR 2014 – PRODUCTION YEAR 2016 – PERSEVERANCE YEAR  Listed on IDX in January 2012  Bakan & Seruyung commenced commercial  Exploration expands the resource inventory by another 1Moz to 7Moz  Added more than 1 Moz of gold in production  Exploration d

  6. Slide 6: Diversified Mine Portfolio

    Diversified Mine Portfolio The Company has a geographically diverse portfolio of assets across Malaysia and Indonesia BAKAN (80% Owned1) BULAGIDUN (99.9% owned1) BOLANGITANG (99.9% owned1) • Producing since Dec-2013 • Exploration stage • Exploration stage • Contract expiration: 2034 • Copper & gold

  7. Slide 7: A Leader In Cost Efficiency and Exploration

    A Leader In Cost Efficiency and Exploration Mining Rate Processing Rate (US$/Ton) (US$/Ton) 3.1 14.0 1.5 3.9 Jun-11 Dec-16 Jun-11 Dec-16 Cash Cost1 All-In Sustaining cost2 Discovery to Resource Cost (US$/oz) (US$/oz) (US$/oz) 1,133 1,202 27.1 594 683 11.7 Jun-11 Dec-16 Jun-11 Dec-16 Jun-11 Dec-16 So

  8. Slide 8: Solid Operating Performance

    Solid Operating Performance Gold Production Revenue (Koz) (US$mm) 245 280 287 223 235 192 67 78 2013A 2014A 2015A 2016A 2013A 2014A 2015A 2016A EBITDA and Margin Total Debt1/EBITDA (US$mm, %) (x) 23.1x 44.5% 48.7% 51.6% 22.5% 50.0% 140 0.0% 3.2x 125 121 2.6x -50.0% 2.4x -100.0% 18 -150.0% -200.0% 20

  9. Slide 9: Low Cost Structure (Cont’d)

    Low Cost Structure (Cont’d) Mining Rate Trend (US$ / Ton) 6.3 4.5 4.0 4.2 3.3 Total 3.1 3.0 2.9 2.5 2.3 2.3 2.4 2.3 Indonesia 2.0 2.0 2.0 Malaysia 2.5 2.3 2.1 2.1 1.1 2.0 1.9 1.7 1.2 1.6 1.5 1.5 1.4 1.4 1.3 1.1 1.3 2H-2011 1H-2012 2H-2012 1H-2013 2H-2013 1H-2014 2H-2014 1H-2015 2H-2015 1H-2016 2H-20

  10. Slide 10: Sustainable Low Cost Leadership

    Sustainable Low Cost Leadership Cash Cost1, AISC2 and Cash Cost Margin (US$/oz) 73.4% 55.5% 51.3% 48.4% 1,182 1,054 785 697 683 665 600 594 2013A 2014A 2015A 2016A Cash cost AISC Cash Cost Margin Notes: 1.Cash Cost includes mining, processing, SGA and royalty costs. 2. All-In Sustaining Cost, includ

  11. Slide 11: Proven Reserve and Resource Growth Track Record

    Proven Reserve and Resource Growth Track Record Post mine Avocet acquisition, the rate of Reserves replenishment has been over 3x times higher than the rate of its annual production, resulting an significant Reserves increase of +39.8% CAGR from Jun-11 to 2016 Continuous Production Growth… (koz) 3,5

  12. Slide 12: Proven Reserve and Resource Growth Track Record (Cont’d)

    Proven Reserve and Resource Growth Track Record (Cont’d) Resources replenishment have been consistently done in a prudent and cost effective manner and critical foundation for the Company’s long-term Reserves growth Resources Continue to Grow… (koz) 7,020 5,915 5,148 3,940 4,132 3,200 3,087 Jun-11 D

  13. Slide 13: Large Asset Base for Continued Reserve Growth

    Large Asset Base for Continued Reserve Growth Potential upside of resource-to-reserve ratio given large asset base for continued reserve growth Gold Reserves (koz) Reserve-to Resource10,000 15% 29% 24% 29% 35% 33% 45% Ratio (%) 8,000 7,020 5,915 6,000 5,144 3,940 4,129 4,000 3,200 3,088 3,127 1,814

  14. Slide 14: Experienced Management with Proven Track Record

    Experienced Management with Proven Track Record  16 years of industry experience  41 years of industry experience  Co-founder - J&Partners (2010-present)  President Director - PT Bukit Makmur Mandiri Utama (2009–2012)  President Director - PT Bukit Makmur Istindo Nikeltama (2010-2013)  Directo

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