Pt Abm Investama Tbk · IDX:ABMM
Pt Abm Investama Tbk — Q3 2012 Earnings Presentation
40 slides from Pt Abm Investama Tbk's earnings presentation, 2012
Slide 1: Company Presentation 3Q-2012 Result
COMPANY PRESENTATION 3Q – 2012 Result PT. ABM Investama Tbk
Slide 2: Table of Contents
Table of Contents Structure and Business Strategy p Financial Overview p.6 Operational Highlights Sub: PT Reswara Minergi Hartama (Reswara) – Coal Production p.19 Sub: PT. Cipta Kridatama (CK) – Contract Mining Services p.26 Sub: PT. Sumberdaya Sewatama (SS) – Power Solutions p.32 Sub: PT.Sanggara S
Slide 3: ABM Investama A Member of Tiara Marga Trakindo Group
ABM Investama A Member of Tiara Marga Trakindo Group Tiara Marga Trakindo Group Structure Overview of Tiara Marga Trakindo Group — Established in 1970, Trakindo was PT Tiara Marga Trakindo Group (TMT) founded by AHK Hamami — Trakindo became the sole authorized PT Chandra PT ABM Sakti Utama PT Mahada
Slide 4: ABM's Five Strategic Business Units
ABM’s Five Strategic Business Units Contract Power Coal Engineering Integrated Mining Solutions Production Services Logistics Services • Established 1997 • Established 1992 • Established 2010 • Established 1977 • Established 1997 • Fleet of 624heavy • Approximately 755 • 7,703 hectares • 10 engineer
Slide 5: Appx: Comprehensive Footprint and Market Coverage in Indonesia
Appx: Comprehensive Footprint and Market Coverage in Indonesia — Able to operate throughout the country; competitive advantage over competitors — Difficult to replicate coverage strength and poses barriers to entry for new entrants BANDA ACEH MEDAN TARAKAN BENGALON MANADO TERNATE BATAM SANGATTA PADA
Slide 6: Financial Highlights and Review
9M 2012 Financial Highlights and Review 6
Slide 7: 3Q-2012 Revenue Increased 27% YoY
3Q-2012 Revenue Increased 27% YoY ABM Console 9M 2012 9M 2011 ∆ (in USD thousand) Sales 655,342 515,899 27.0% COGS (514,081) (406,795) 26.4% Gross Profit 141,261 109,103 29.5% Gross Profit Margin 21.6% 21.1% Operating Expenses (84,041) (61,053) 37.7% Other operating (5,135,) 3,712 -238.3% Income fro
Slide 8: ABM Consolidated Balance Sheet
ABM Console Balance Sheet ABM Console 9M 2012 9M 2011 ∆ (in USD thousand) Current Asset 479,983 384,484 24.8% Non Current Assets 771,085 500,733 54.0% Total Assets 1,251,069 885,218 41.3% Current Liabilities 393,209 311,608 26.2% Non Current Liabilities 505,395 418,491 20.8% Equity 352,463 155,118 1
Slide 9: ABM Operational Result and Revised FY 2012 Guideline
ABM Operational Result and Revise FY 2012 Guideline Subsidiaries FY 2011 9M 2011 9M 2012 Growth Revised Operation ’s Indicator YoY Target FY 2012 CK Overburden Removal 118 85.6 102.7 19.98% 120 (mn bcm) CK Rental Business 10.6 7.7 8.7 12.99% 11 Services (mn ton coal) Reswara – Coal sales & 2.1 1.5 3
Slide 10: Revenue: Historical and 9M 2012
Revenue: Historical and 9M 2012 10
Slide 11: Net Income: Historical and 9M 2012
Net Income : Historical and 9M 2012 Net Income- 1H 2012 ( in million USD) (4) Historical Net Income- Year Ended Dec 31- IDR Bn 11
Slide 12: Income from Operations: Historical and 9M 2012
Income from Operations : Historical and 9M 2012 Income from Operations 1H 2012 (in million USD ) (4) Historical Income from Operations (in Rp bn ) 12
Slide 13: Capex 9M 2012
Capex 9M 2012 Capex 9 M 2012 USD Allocation in % SSB 3 1.30% SS 53 22.90% CK 93 40.02% CKB 54 23.30% Reswara 28 12.20% Total 231 100.00% Capex 9M 2012 Allocation Machinery & Equipments 71% Construction in Progress 24% others 5% 13
Slide 14: Contribution from SBU
9M 2012 Contribution from SBU 14
Slide 15: Contribution from Subsidiaries: Revenue
Contribution from Subsidiaries Revenue Revenue Contribution 2012 Revenue Contribution 2011 Reswara Reswara 13% 18% CKB 12% CK CK 46% CKB 44% 13% SSB 14% SSB 12% SS SS 13% 15% 15
Slide 16: Contribution from Subsidiaries: Gross Profit
Contribution from Subsidiaries Gross Profit Gross Profit Contribution 2012 Gross Profit Contribution 2011 Reswara CK Reswara CK 24% 18% 21% 27% CKB CKB 15% 14% SS SSB SSB 28% SS 14% 26% 13% 16
Slide 17: Contribution from Subsidiaries: Income From Operations
Contribution from Subsidiaries Income From Operations Income from Operation Contribution 2011 Income from Operation Contribution 2012 Reswara Reswara 2% CKB 5% CKB 15% 12% SSB SSB 3% 3% CK CK 38% 45% SS SS 35% 42% 17
Slide 18: ABM's Five SBU
3Q 2012 ABM’s Five SBU Os ortard
Slide 19: Reswara, Our Coal Production Unit
Reswara, Our Coal Production Unit
Slide 20: Sales and Production 1H 2012
Sales and Production 1H 2012 20
Slide 21: Average Selling Price, Cash Cost and Stripping Ratio
Average Selling Price (ASP), Cash Cost and Stripping Ratio 9.5% 1% 29% 21 21
Slide 22: Coal Resources, Reserves and Concession
Coal Resources, Reserves and Concession TIA MDB Total Total Resources: 561 Million Tons Coal Reserves (MT) Proved Reserves 13 7 20 Probable 39 162 201 Reserves Total Reserves 52 169 221 Coal Resources Total Reserves: 221 Million Tons Measured 32 18 50 Indicated 39 289 328 Inferred 35 148 183 Total 1
Slide 23: TIA Site Layout – Concession Area
TIA Site Layout – Concession Area PT Tunas Inti Abadi TIA Site (South Kalimantan Province ) • TIA was acquired in Dec 2007, Central Kalimantan Balikpapan commenced commercial production in Aug 2009 and coal sales in Oct 2009 • Coal mining is contracted to ABM Palangkaraya subsidiary, CK • 25 km from
Slide 24: MDB Site Layout – Concession Area
MDB Site Layout – Concession Area MDB Site (Aceh Province) PT Media Djaya Bersama • 70% ownership in MDB • To begin coal production in 2012 by using existing infrastructure and begin construction of own infrastructure in 2012 • Intends to sell coal to Indian power plants for blending • Logistic adva
Slide 25: Concession Breakdown and Coal Characteristic
Concession Breakdown and Coal Characteristic Coal Characteristics TIA MDB Calorific Value (Adb) 5,370 kcal/kg 5,310 kcal/kg Caloric Value (GAR) 3,960 kcal/kg 3,440 kcal/kg Total Moisture (AR) 37.4% 43.8% Ash Content (Adb) 5.7% 4.6% Sulfur (Adb) 0.15% 0.16% Concession Breakdown Current Expiry Date Co
Slide 26: CK, Our Contract Mining
CK, Our Contract Mining 26
Slide 27: Overburden and Rental Services 9M 2012
Overburden and Rental Services 9M 2012 20% 12.9% 27
Slide 28: CK Overburden 2008-2011
CK Overburden 2008-2011 CK Historical’s Overburden Removal in mn tons 118 120 FY 2008 FY2009 FY 2010 FY 2011 FY 2012F
Slide 29: CK Rental Services' Historical 2008-2011
CK Rental Services’ Historical 2008-2011 29
Slide 30: Current Customers & Backlog
Current Customers & Backlog Operating Agreements as of Sept 30, 2012 Client Mining Project Sites Expected Backlog Kalimantan Contract Duration (bcm/ton) Jun 2004 – Sep 1 Separi, East Kalimantan 88 / 8.8 2015 2 Sanga-sanga East Mar 2005 – Project 2 2/- 1 Kalimantan Completed 4 3 3 Nov, 2007 – Oct Jon
Slide 31: CK's Type of Heavy Equipment & Average Age
CK’s Type of Heavy Equipment & Average Age Type of equipment Capacity Number of units Average age (in years) Sept 30, 2012 Excavator 250 - 350 tons 16 6 20 - 100 tons 109 1.9 Truck 30 - 100 tons 339 3.7 Dozer 90 2.2 Grader 14 - 16 feet 48 2.5 Wheel loader 8 2.6 Compactor 13 6.5 Drill machine 1 7 Tot
Slide 32: PT Sumber Daya Sewatama (SS) – Power Solutions
PT Sumber Daya Sewatama (SS) – Power Solutions 32
Slide 33: Revenue By Division and Key Customers
Revenue By Division and Key Customers Average Lease Rate per kWh (IDR/kWh) 33
Slide 34: Diesel Genset is the Majority of Generators
Diesel Genset is the majority of Generators Average Average Age as of Number of Units as Capacity Useful Life Mar 31, 2012 Model of Sept 30, 2012 (kW) (Yrs) (2) (Yrs) Diesel 750 970,192 10 6 Generator Sets Gas Generator 5 8,662 15 2 Sets Total 755 978,854 34
Slide 35: Electricity Generation Capacity & Lease Rate
Electricity Generations Capacity & Lease Rate Electricity Generator Capacity and Average – Utilization Rate in MW 35
Slide 36: PT Sanggar Sarana Baja (SSB) – Engineering Services
PT. Sanggar Sarana Baja (SSB) – Engineering Services Business Overview Transport Designing, manufacturing and distributing products for Equipment Division transportation and material handling business Site Services On-site repair, process plant maintenance and construction Division services Design a
Slide 37: PT Sanggar Sarana Baja (SSB) – Engineering Services
PT. Sanggar Sarana Baja (SSB) – Engineering Services 37
Slide 38: PT Cipta Krida Bahari (CKB) – Integrated Logistic
PT. Cipta Krida Bahari (CKB) – Integrated Logistic Business Overview • Integrated logistics provider offering freight forwarding, project logistics, industrial / offshore and coal logistics shipping, warehouse and shorebase management services • Freight forwarding services: Integrated logistics serv
Slide 39: PT Cipta Krida Bahari (CKB) – Integrated Logistic
PT. Cipta Krida Bahari (CKB) – Integrated Logistic Tug and Barges Wharehouse 39
Slide 40: Thank You
THANK YOU Contact Gedung TMT 1, 18th Fl, Suite 1802 Investor Relations Jl Cilandak KKO No.1 Errinto Pardede Jakarta 12560 - Indonesia Tel:6221-2997-6767 Ext.1874 Fax : 6221-2997-6768 Email : errinto.pardede@abm-Investama.co.id Email : ir@abm-investama.co.id Website : www.abm-investama.com A member o