Pt Petrosea Tbk · IDX:PTRO
Pt Petrosea Tbk — Shareholder Meeting (May 2009)
15 slides from Pt Petrosea Tbk's shareholder meeting presentation, May 27, 2009
Slide 1: Annual General Meeting of Shareholders PT Petrosea Tbk
ANNUAL GENERAL MEETING OF SHAREHOLDERS PT PETROSEA Tbk. Grand Kemang Hotel, Jakarta Wednesday, 27 May 2009
Slide 2: Your Kind Attention Please
Your Kind Attention Please 1. We are not distribute this presentation material, it can be access in Petrosea’s website : www.petrosea.com 2. Please pay attention to the General Meeting of Shareholders’s procedures that already distributed 3. Please refrain from using cellular phones during the prese
Slide 3: Agenda of the Meeting
AGENDA OF THE MEETING • The Directors' report on the Company's business and financial administration for the year 2008 and the Board of Director's proposal to approve the Company's Balance Sheet and Income Statement for the year ended 31st December, 2008 • Appropriation of Profit for the year ended
Slide 4: President Director's Report: Overview
PRESIDENT DIRECTOR’S REPORT OVERVIEW • The Company has succeeded in securing two large mining contracts with a combined value of US$550 million with: 1. Gunung Bayan Pratamacoal (GBP) 2. PT Santan Batubara, Petrosea’s 50/50 Joint Venture company with PT Harum Energy at the northwest of Samarinda, Ea
Slide 5: President Director's Report: Financial Results
PRESIDENT DIRECTOR’S REPORT FINANCIAL RESULTS • Petrosea has managed to achieve a strong revenue growth with operating revenue up by 63% to US$205.7 million. • The operating income has experienced a downward trend by 14% to US$10.8 million. This was mainly driven by the combination of our Pakar proj
Slide 6: President Director's Report
PRESIDENT DIRECTOR’S REPORT • Our work in hand at the end of 2008 was US$381 million. This mainly was related to the five-year extension of our mining contract with Gunung Bayan Pratamacoal (GBP). • In January 2009, Petrosea has managed to secure a five-year mining contract with PT Santan Batubara.
Slide 7: President Director's Report
PRESIDENT DIRECTOR’S REPORT • Despite an increase in equipment financing and short term borrowing to US$46 million at end of 2008 (2007 – US$24 million) • Petrosea was able to maintain a relatively low debt to equity ratio of 0.65 at the end of 2008 PT Petrosea Tbk – AGM – 19 June 2008 7
Slide 8: President Director's Report: Strategic Direction
PRESIDENT DIRECTOR’S REPORT STRATEGIC DIRECTION • Petrosea remains committed to growing, doubling its business by 2010 and achieving satisfactory return on equity by continuing the implementation of our strategic plan. 1. To strengthen company’s mining capabilities by extending services into a one s
Slide 9: President Director's Report
PRESIDENT DIRECTOR’S REPORT 4. To further look at the CBM opportunities in Indonesia with Arrow Energy, Australia, the Company hope to become the contractor of choice for drilling and other mine service activities as well as developing boutique LNG opportunities down stream both for Arrow Energy and
Slide 10: President Director's Report: Outlook
PRESIDENT DIRECTOR’S REPORT OUTLOOK • The steady outlook of the Indonesian mining market, especially for coal, is expected to drive the Company business growth in the short to medium term. • We are currently focused on the operational execution and delivery of the mining projects that we recently se
Slide 11: Agenda of the Meeting
AGENDA OF THE MEETING • The Directors' report on the Company's business and financial administration for the year 2008 and the Board of Director's proposal to approve the Company's Balance Sheet and Income Statement for the year ended 31st December, 2008 • Appropriation of Profit for the year ended
Slide 12: Dividend
DIVIDEND 1. During 2008, the Company did not make any dividend payment. 2. The retained earning will be used to fund ongoing projects and the continuing expansion of the company’s operations PT Petrosea Tbk – AGM – 19 June 2008 12
Slide 13: Agenda of the Meeting
AGENDA OF THE MEETING • The Directors' report on the Company's business and financial administration for the year 2008 and the Board of Director's proposal to approve the Company's Balance Sheet and Income Statement for the year ended 31st December, 2008 • Appropriation of Profit for the year ended
Slide 14: Auditor
AUDITOR • To appoint the Auditors Osman Bing Satrio & Partners (member of Deloitte Touche Tohmatsu) as Auditors of the Company to audit the books of the Company for the accounting year ending 31 December 2008 • Authorise the Board of Directors to fix their remuneration and any other requirements of
Slide 15: Thank You for Attending This Annual General Meeting
THANK YOU FOR ATTENDING THIS ANNUAL GENERAL MEETING OF SHAREHOLDERS OF PT PETROSEA Tbk. THE FOLLOWING EVENT WILL BE THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF PT PETROSEA Tbk. PT Petrosea Tbk – AGM – 19 June 2008 15