Pt Bayan Resources Tbk · IDX:BYAN
Pt Bayan Resources Tbk — Q3 2011 Earnings Presentation
19 slides from Pt Bayan Resources Tbk's earnings presentation, 2011
Slide 1: Third Quarter 2011 Update Presentation
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Slide 2: Highlights
Highlights Overall financial performance in YTD Sept 2011 increased significantly compared to YTD Sept 2011 YTD Sept YTD Sept (in million USD) 2009 2010 Var 2010 2011 Revenue 745.6 962.6 670.2 1,063.4 59% Gross Profit 113.2 224.9 151.1 322.8 114% Gross Profit Margin 15% 23% 23% 30% Profit before i
Slide 3: Recent Acquisition
Recent Acquisition On the 28 July 2011, Bayan fully drew down the US$ 185 million Bridge Facility PT. Bayan Resources Tbk provided by ANZ/SCB to fund the partial completion of the IBU transaction On the 24 August 2011, Bayan paid a total for 100% of the equity of one IUP and Bayan 99% of the equ
Slide 4: Increase in Coal Reserves and Resources
Increase in Coal Reserves and Resources Coal Reserves(*) Coal Resources(*) (As at December 31, 2010) (As at December 31, 2010) Total Calorific Value Total Sulphur Total Calorific Value Total Sulphur (million tonnes) Reserves Kcal/kg GAR % (million tonnes) Resources Kcal/kg GAR % Gunungbayan – Block
Slide 5: 3Q 2011
3Q 2011 Overburden Removal Coal Production Weighted Average Strip Ratio Average Cash Costs Coal Sales Average Selling Price Committed & Contractual Sales Debt and Cash Position Capex 4 www.bayan.com.sg
Slide 6: 3Q11 - Overburden Removal (OB)
3Q11 - Overburden Removal (OB) Overburden Removal 3Q11 OB was 60.3 million BCM (million BCM) which was 17% higher than 2Q11 60.3 52.0 to 58.0 OB at 51.7 million BCM 51.7 44.6 OB YoY was higher due to: Prolonged dry season boosted production levels BUMA started to deliver better results and a
Slide 7: 3Q11 - Coal Production
3Q11 - Coal Production Coal Production Volume 3Q11 coal production volume was (million MT) 4.5 4.5 million MT which was 18% 3.8 to 4.1 3.8 higher than 2Q11 coal production 3.0 at 3.8 million MT Coal production YoY went up by 33% due to Lower rainfall compared to last year 3Q10 3Q11B 2Q11 3Q11
Slide 8: 3Q11 - Weighted Average Strip Ratio (SR)
3Q11 - Weighted Average Strip Ratio (SR) Weighted Average Strip Ratio SR YoY was lower due to: 14.7 13.0 to 14.0 13.8 13.4 Less rainfall allowed sites to access lower levels of the pits Large in pit inventory at Tabang allowed coal production to continue whilst OB removal remained constrained
Slide 9: 3Q11 - Average Cash Costs
3Q11 - Average Cash Costs Average Cash Costs per MT(*) (US$ / MT) 75.3 74.12 64 to 67 63.3 3Q11 average cash costs were marginally lower than 2Q11 due to Slightly lower weighted average strip ratio in 3Q11 Lower fuel prices in 3Q11 vs 3Q10 2011B 2Q11 3Q11 2Q11 * (1) Average Cash Costs include
Slide 10: 3Q11 - Coal Sales (by volume)
3Q11 - Coal Sales (by volume) Coal Sales Volume (million MT) 3Q11 coal sales volume was lower by 8% 4.1 to 4.3 vs 2Q11 coal sales volume due to : 3.8 3.5 3.2 Initial operational issues occurred when utilizing rented floating cranes whilst the KFT was in dry dock thus temporarily disrupting WBM s
Slide 11: Average Selling Price (ASP)
Average Selling Price (ASP) Average Selling Price (*) (US$ / MT) 99.2 3Q11 ASP was US$95.7/MT which was 95.7 85 to 87 lower than 2Q11 ASP at US$99.2/MT 79.94 3Q11 average CV was 5,744 GAR kcal compared to 5,754 GAR kcal in 2Q11 ASP YoY however remains higher due to continued strong market cond
Slide 12: Committed and Contracted Sales (after 3Q11 Deliveries)
Committed and Contracted Sales (after 3Q11 Deliveries) 14.5 million MT As at 30 September 2011 committed and contracted sales were 14.5 million MT with an average CV of 5,758 GAR kcal 2011 Fixed Price element at 92.6% US$97.09 with an average CV of 5,732 GAR kcal (which includes all sales delive
Slide 13: Total Debt and Cash
Total Debt and Cash 421.1 266.4 276.0 275.2 270.6 258.2 245.6 209.8 (in million US$) 201.2 160.7 145.4 108.9 116.3 92.3 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 Note : 3Q11 Total Debt increased due to the bridging loan for the IBU acquisition Total Debt US$ is a convenience translation using the closing q
Slide 14: Capital Expenditure (in million US$)
Capital Expenditure (in million US$) Total Capital Expenditure YTD : YS$21.3 Million YTD Sept 2011 Capex remains well below budget, however, a number Q1 2011: US$8.5m of projects are underway : Q2 2011: US$5.7m Q3 2011: US$7.1m 0.5 IPC 0.3 0.4 0.1 0.1 Engineering concept design for 0.2 5.1 the T
Slide 15: Capital Expenditure (in million US$)
Capital Expenditure (in million US$) WBM Continued expansion of the stockpiles and reclaiming capacity at the jetty and the intermediate crushing facility are progressing well and are anticipated to be completed in the 1Q12 Muji Line Commissioned the construction of a KFT-2 in 2Q11 and completio
Slide 16: Capital Expenditure
Capital Expenditure Lubuk Tutung jetty extension PIK The piling work for the PIK jetty has been completed and construction of the marine dolphins has commenced Construction of the conveyor gantry and ship loader continues and the overall project is anticipated to be completed 3Q12 Payment for
Slide 17: Appendix
Appendix PT Gunungbayan Pratamacoal GBP PT Perkasa Inakakerta PIK PT Wahana Baratama Mining WBM PT Teguh Sinarabadi / PT Firman Ketaun Perkasa TSA / FKP PT Fajar Sakti Prima / PT Bara Tabang / PT Brian Anjat Sentosa FTB PT Leighton Contractors Indonesia Leighton PT Thiess Contractors Indonesia Thies
Slide 18: Disclaimer
Disclaimer This presentation contains forward-looking statements based on assumptions and forecasts made by PT. Bayan Resources Tbk management. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are base
Slide 19: Thank You
Thank You For more information, please contact : Investor Relations Jocelle Concio Investor Relations investor.relations@bayan.com.sg 18 www.bayan.com.sg