Pt Bukit Asam (persero) Tbk · IDX:PTBA

Pt Bukit Asam (persero) Tbk — Q1 2015 Earnings Presentation

24 slides from Pt Bukit Asam (persero) Tbk's earnings presentation, 2015

  1. Slide 1: Corporate Presentation, 3M15 Results

    CORPORATE PRESENTATION, 3M15 RESULTS www.ptba.co.id Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA

  2. Slide 2: Table of Contents

    Table of Contents 1. Introduction 2. Operating Review 3. Commercial Review 4. Financial Review 5. Development Projects Appendices 01

  3. 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

  4. Slide 4: Performance Highlights

    Operating Review Performance Highlights FY14(A) FY15(F) 3M14 3M15 a b c=b/a d e f=e/d  SALES VOLUME (MT) 18.0 24.0 133% 4.21 4.58 109%  PRODUCTION (MT) 16.4 20.9 127% 3.29 3.26 99%  TRADING/PURCHASE (MT) 1.8 2.7 150% 0.47 0.44 94%  RAILWAY CAPACITY (MT) 14.8 18.9 128% 3.41 3.59 105%  REVENUES (

  5. Slide 5: Current Operations

    Operating Review Current Operations 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 billion

  6. Slide 6: Coal Resources

    Operating Review Coal Resources Total : 7.29 bn tons Bituminou s; 2,7% Coal Mineable Reserves Total: 1.99 bn tons Bitumi nous; 3,0% Lignite ; Sub‐ Lignite, 34,2% bituminou 48.2% Sub‐ bitumi s, 49.1% nous; 62,8% Parameter BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) < 18 18 ‐30 > 35 CV (KCal/Kg adb) >

  7. Slide 7: Global Coal Review

    Commercial Review Global Coal Review 1,800 Pacific Basin Seaborne Thermal Coal Import Demand 1,600 by Country and Rank (Mt) Seaborne Thermal Coal Exports by Country (Mt) 1,400 1,200 1,000 800 Mt 600 400 200 0 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 Japan, S Kor, Taiwan high Japan, S K

  8. 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 :

  9. Slide 9: Costs & Prices

    Financial Review Costs & Prices Total Cash Cost (FOB) 3M15 Total Cost Breakdown 3M14 3M15 YoY Electricity; 1% Coal Purchase; 5% Tanjung Enim System *) Environment; 0,1% Heavy Equipment; Ex Royalty (IDR) 521,510 546,989 +5% 3% Fuel; 1% Total (IDR) 567,939 597,570 +5% Mining Service; 30% Salaries & Wa

  10. Slide 10: Coal Brand & Sales Breakdown

    Financial Review Type Of Coal by Quality Coal Brand & Sales Breakdown TS CV TM IM Ash VM FC max 3M15 Sales Breakdown by country Coal Brand HGI Kcal/Kg,ad Kcal/Kg,a %,ar %,adb %,adb %,adb %,adb %,adb b r Srilanka Bangladesh IPC 53 5,300 ‐ 34 15 8 39 40 0.5 ‐ Korea 1% 1% BA 55 5,500 4,550 30 15 8 39 3

  11. Slide 11: Financial Ratios

    Financial Review Financial Ratios GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) 32 17 20 24 11 10 3M14 3M15 3M14 3M15 3M14 3M15 54 50 46 44 40 35 31 31 31 30 29 29 25 25 19 18 16 15 11% 15% 8% 12% 30% 15% 28% 20% 11% 39% 5% 29% 18% 14% 14% 36% 6% 2009 2010 2011 2012 2013

  12. Slide 12: PTBA Versus Global & Local Peers

    Financial Review PTBA Versus Global & Local Peers 29 17 16 5.87 6.23 YZC ACI BYAN BTU BUMI ITMG HRUM BRAU ADRO PTBA AVERAGE ‐2.42 Gross Margin Operating Margin Net Margin Source: Bloomberg, 30 January 2015 YZC :Yanzhou Coal Mining ACI : Arch Coal Inc. – USA (NYSE) ADRO : PT Adaro Energi – IDX HRUM :

  13. Slide 13: Summary Financial Performance

    Financial Review Summary Financial Performance (IDR Tn) FY 14 3M14 3M15 YoY Sales 13.077 3.093 3.277 106% COGS 9.056 2.095 2.506 120% EBITDA 2.870 751 544 72% Net Income 2.016 536 340 63% Assets 14.812 12.150 15.313 126% Cash 4.039 3.573 4.203 118% Net Profit Margin (NPM) 15% 17% 10% 59% Return On A

  14. Slide 14: Distribution Infrastructures Development

    Distribution Infrastructures Development 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 – Kertap

  15. Slide 15: Power Plants Development

    Power Plants Development 800-1200MW Power Plant - Location : Peranap Riau - Coal Cons. : 8.4 M tpa - COD : 2020 3x600MW Sumsel 9&10 PP - Location : Muara Enim - Coal Cons. : 8.4 M tpa - COD : 2019 2x110MW Power Plant - Location : Banjarsari - Coal Cons. : 1.4 M tpa - COD : 2Q 2015 2x620MW Power Plan

  16. Slide 16: Production Infrastructure & CBM

    Development Projects Production Infrastructure & CBM Project Status Upgraded Existing • Tanjung Enim – Tarahan Port (410km), TE – Kertapati Port (161km) Railway Line • 100% owned & operated by State Railway Company, PT KAI • Capacity of 22.7Mtpa (2015 – 2029) • Currently, PT KAI is operating about 2

  17. Slide 17: Power Plants

    Development Projects Power Plants The Plant Status 2x110MW Banjarsari Power • PTBA (59.75%), PJB (29.15%), NII (11.10%) Plant • Investment of USD350 Mn • Coal Consumption: 1.4 M tpa • Commercial Operating Date: 2Q15 2x620MW Banko Tengah Plant • PTBA (45%), China Huadian Hong Kong Company Ltd (55%) •

  18. 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

  19. Slide 19: The New Look of Tarahan Port in 2015

    Appendix The New Look of Tarahan Port in 2015 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

  20. Slide 20: PTBA Structure

    Appendix PTBA Structure PTBA operates a fully integrated large coal mining in Tanjung Enim The Indonesian ( South Sumatera), Ombilin (West Sumatera), Peranap (Riau), and PTBA Government owns 65% of Total East Kalimantan with Total Shares Resources & Reserves are 7.29 billion tons and 1.99 billion to

  21. Slide 21: Top Thirty Five Shareholders of PTBA

    Appendix The Top Thirty Five Shareholders of PTBA as of 31 March 2015 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 Treasury Stock, 3 BPJS KETENAGAKERJAAN‐JHT 53.376.000 2,32 5.64% 4 PT TAS

  22. Slide 22: Production vs Sales; Index Movement; Coal Price Indexes

    Appendix Production Vs Sales 2002 - 2014 Index Movement Dec’02 – Apr’15 17.8 18.0 6000 27500 16.4 5500 25000 15.3 15.1 Sales Production 5000 Jakmine IHSG PTBA 22500 13.4 13.9 4500 12.9 20000 12.7 12.4 12.9 4000 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

  23. Slide 23: Projected Sales Volume to 2017

    Appendix Projected Sales Volume to 2017 In Million Ton 34.0 29.0 24.0 17.8 18.0 15.3 12.4 12.9 13.4 2009(A) 2010(A) 2011(A) 2012 (A) 2013(A) 2014(A) 2015(F) 2016(F) 2017(F) TE System Production Total Sales Railways Transportation 22

  24. 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

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