PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — Investor Presentation (January 2017)
24 slides from PT Bukit Asam (Persero) Tbk's investor presentation, January 2017
Slide 1: Corporate Presentation FY 2016
CORPORATE PRESENTATION FY 2016 Achieving Success in Challenging Time www.ptba.co.id 021-5254014 Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA
Slide 2: Bukit Asam
eo BukitAsam
Slide 3: Indonesia's Oldest and Most Experienced Coal Producer
Indonesia’s Oldest and Most Experienced Coal Producer PN TABA was converted PTBA was into a limited publicly listed on During the corporation and its the Jakarta Stock Dutch colonial name changed to PT Exchange with period, the first Tambang Batubara Bukit 35% of shares open-pit at Asam (PTBA). This
Slide 4: FY2016 Key Operating and Financial Highlights
FY17 (E) FY16 FY15 YoY % a b c b/c SALES VOLUME (MT) 27.28 20.76 19.10 +9% PRODUCTION (MT) 24.06 19.62 19.28 +2% TRADING/PURCHASE (MT) 3.02 1.20 1.46 -18% RAILWAY CAPACITY (MT) 21.70 17.72 15.80 +12% REVENUES (IDR TN) xx.x 14.06 13.85 +1.5% NET PROFIT (IDR TN) x.xx 2.02 2.04 -0.6% STRI
Slide 5: Total Resources and Total Mineable Reserves
Mining Business License (IUP) Total Resources 8.27 billion tons Tanjung Enim Mine 66,414 Ha Ombilin Mine 2,950 Ha Total Mineable Reserves 3.33 billion tons Peranap Mine 18,230 Ha PERANAP MINE IPC MINE IPC Mine 3,238 Ha Recources : 0.67billion tons Resources : 0.024 billion tons Mineable : 0.29 billi
Slide 6: Resources by Coal Rank
2.7% 3.0% 34.2% 48.2% 49.1% 62.8% Lignite Sub-bituminous Bituminous Lignite Sub-bituminous Bituminous Parameter BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) < 18 18 -30 > 35 CV (KCal/Kg adb) > 6,400 4,900 – 6,400 < 4,900 (KCal/Kg ar) 5,800 – 7,950 4,400 – 5,800 < 4,400
Slide 7: Commercial Review and Global Coal Review
mercial Review ‘Spot —.P-_ Morgan ——=WeodMackenzie 410 Jan14 Jan15 Jan16 Dee16 Dec17 Deci8 Deci9 Dec20 LT Neweastle thermal coal price Source: Bloomberg, Wood Mackenzie, Broker reports, FactSet as of 30 January 2017 Note: ZCE Thermal Goal Tuture used for December 2017 Non-OECD Asia Electrical Capaci
Slide 8: Indonesian Domestic Demand vs Exports; Primary Energy Mix
Indonesian Domestic Demand Vs Exports (Mt) Primary Energy Mix (%) Source: Wood Mackenzie Coal Market Service, 2015 Source: Agency For The Assessment And Application Of Technology, Dec 2014 Coal Demand (PLN + IPP) Fuel Mix 2005-2021 : For Power Generation Source : PLN, 2015 Source : PLN, 2014
Slide 9: Total Cash Cost (FOB) and Average Selling Price
Total Cash Cost (FOB) FY 16 Total Cost Breakdown Depreciation & Amortisation, Fuel, 2.0% Oil Lubricant and fuel, 2.0% 4.0% Tanjung Enim FY16 FY15 YoY Traveling and training, 1.0% System *) Salaries & Wages, 13.0% Spareparts/Material, 3.0% Railway Service; 28.0% Ex Royalty (IDR) 495.553 493,764 +0,4%
Slide 10: Coal Type by Quality and FY16 Sales Breakdown
Coal Type by Quality CV TM IM Ash VM FC TS max Ash Fusion Temperatures (oC) Coal Brand Deforma- Hemi- HGI Kcal/Kg, adb Kcal/Kg,ar %,ar %,adb %,ar %,ar %,ar %,adb Spherical Flow tion sphere IPC 53 5,300 - 34 15 8 39 40 0.5 - - - - - BUKITASAM – 45 5,464 4,500 30 15 6 35 29 1.0 1216 1246 1384 1413 52
Slide 11: Gross, Operating and Net Profit Margins
Gross Profit Margin Operating Profit Margin Net Profit Margin 30 31,3 18 18 15 14,4 FY15A FY16 FY15A FY16 FY15 FY16 50 46 44 35 31 30 30 31.3 31 29 29 25 25 19 18 18 16 16 15 14.4 14 2010 2011 2012 2013 2014 2015 2016 2010 2011 2012 2013 2014 2015 2016 2010 2011 2012 2013 2014 2015 2016
Slide 12: Margin Comparison with Peers
48.7 29.79 26.85 17.01 14.34 YZC US ACI US BYAN IJ BTU US SCC PM COAL IN 1088 HK ITMG IJ HRUM IJ ADRO IJ GLEN LN RIO AU BHP AU BUMI IJ PTBA IJ -1.17 YZC :Yanzhou Coal Mining GLEN LN: Glencore PLC.(London) ACI : Arch Coal Inc. – USA (NYSE) SCC PM: Semirara Mining and Power co – PHP COAL IN : Coal Ind
Slide 13: Tanjung Enim Railway and Port Infrastructure
Double Tracks Single Track with Crossing Sections Prajin Tanjung Enim Mine with Kertapati Barging Port the installed production Barging Port capacity of 25 Mtpa Kramasan Barging Port Tanjung Enim Railway Development KAI - Capacity : up to 45 M tpa Muara Enim - TE – Prajin : 172 Km - TE – Kramasan :
Slide 14: Power Plant Projects
600-1200MW MMPP - Location : Peranap Riau TOTAL PLTU 2x350 MW Kuala Tanjung CPP - Coal Cons. - COD : 8.4 M tpa : 2021 - Partner : INALUM > 5.000 MW - Coal Cons. : 3 Mtpa - COD : 2021 1800MW Sumsel 9&10 MMPP - Location : Muara Enim - Coal Cons. : 8.4 M tpa - COD : 2022 2x620MW Sumsel 8 MMPP - Locatio
Slide 15: Railway Project Status
P Project Status Upgraded Existing • Capacity of 75 Mtpa (MoU PTBA – PTKAI 2016) Railway Line • 100% owned & operated by State Railway Company, PT KAI • Tanjung Enim – Tarahan Port, Lampung (25 MTPA, Year 2019) • Tanjung Enim – Kertapati Port, South Sumatra (5 MTPA, Year 2019) • Tanjung Enim – Praji
Slide 16: Power Plant Status
The Plant Status 2x110MW Banjarsari Power Plant • PTBA (59.75%), PJB (29.15%), NII (11.10%) • Investment of USD350 Mn • Coal Consumption: 1.4 M tpa • In operation since June 2015 2x620MW Banko Tengah (Sumsel • PTBA (45%), China Huadian Hong Kong Company Ltd (55%) 8) Power Plant • Investment of USD1.
Slide 17: Supporting National Energy Policy
Supporting National Energy Policy Having A Total Long Term Coal Supply with: Committed Volume o PLN (2010 – 2030) : 262 Mt o Indonesia Power (2013 – 2022) : 52 Mt o Huadian Bukit Asam Power (25 Years) : 150 Mt o Bukit Pembangkit Innovative (30 Years) : 36 Mt o Indonesia Fertilizer (30 Years) : 69
Slide 18: Tarahan Port
• Coverage: 43 Ha • Throughput: 25 Mtpa • Capacity of Berths: Shiploader#2 210,000DWT Shiploader#1 80,000DWT Bargeloader 10,000DWT • Supporting Facilities: Total Stockpiles: 0.9 Million ton 2x8MW Coal Fired Power Plant Train Unloading System with 4 (Four) RCDs (Rotary Car Dumper) 10,00
Slide 19: PTBA and Subsidiaries
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 8.27 billion tons and 3.33 billion tons The Subsidiaries: res
Slide 20: The Top Forty Shareholders as of Dec 31st, 2016
The Top Forty Shareholders as of Dec 31st, 2016 No Nama pemegang saham Jumlah saham persentase 1 NEGARA REPUBLIK INDONESIA 1.498.087.500 65,02 2 TAMBANG BATU BARA BUKIT ASAM (PERSERO), Tbk PT 196.056.700 8.51 Domestic, 3 BPJS Ketenagakerjaan-JHT 53.376.000 2.32 18.4% 4 PT TASPEN (Persero) - THT 35.5
Slide 21: Sales, Production and Net Income
20.8 19.3 19.6 JCI JAKMINE PTBA 19.1 6000 30000 17.8 18.0 Sales Production 16.4 5000 25000 15.3 15.1 4000 20000 13.4 13.9 12.9 12.7 12.4 12.5 12.9 3000 15000 11.6 10.8 10.8 2000 10000 9.5 10.0 9.5 9.8 9.99.5 9.6 9.9 9.2 9.2 9.1 1000 5000 0 0 4/01/2010 4/01/2011 4/01/2012 4/01/2013 4/01/2014 4/01/201
Slide 22: Coal Sales Volume Outlook (Million Ton)
In Million Ton PT IPC 120 120 PT BAP CAT HTR / IER 100 100 Gasifikasi PUSRI PLTU LN 80 Anak Perusahaan 80 PLTU Pertalian Tambang Akuisisi PLTU Sumsel 9/10 60 Konsumsi PLTU LN 60 PLTU Sumsel 8 Peranap PLTU Banjarsari II 40 Banteng B 40 PLTU Banjarsari I Banteng A PLTU Bukit Asam & Semen Baturaja 20 U
Slide 23: Coal Price Index Movement 2011-2016
Pergerakan Indek Harga Batubara 2011 - 2016 160 140 120 100 80 60 40 20 0 9-Dec-11 4-Dec-15 2-Dec-16 1-Apr-11 27-Mei-11 13-Jan-12 09-Mar-12 5-Apr-12 04-May-12 11-Jan-13 5-Apr-13 31-May-13 10-Jan-14 4-Apr-14 30-May-14 30-Jan-15 27-Mar-15 22-May-15 9-Oct-15 6-Nov-15 29-Jan-16 24-Mar-16 20-May-16 7-Oct
Slide 24: Disclaimer and For More Information
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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