Pt Alamtri Minerals Indonesia Tbk · IDX:ADMR
Pt Alamtri Minerals Indonesia Tbk — PT Adaro Energy Indonesia — 9M22 Earnings Presentation
20 slides from Pt Alamtri Minerals Indonesia Tbk's earnings presentation, Nov 1, 2022
Slide 1: PT Adaro Energy Indonesia Tbk / PT Adaro Minerals Indonesia Tbk Results Presentation
PT Adaro Energy Indonesia Tbk / PT Adaro Minerals Indonesia Tbk Results Presentation November 1, 2022
Slide 2: Disclaimer
Disclaimer These materials have been prepared by PT Adaro Energy Indonesia Tbk (the “Company”) and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presente
Slide 3: Recent business performance
Recent business performance Continue to Report Record Revenues, Operational EBITDA & Profits in 9M22 1 Pricing and Sales Volume Drove a Repeat of Outsized EBITDA Growth - 9M22 Average selling price(ASP) increased by 106% YoY and sales volume increased by 14% to 44.2 mt from 38.9 mt in the year ago p
Slide 4: Key Business Metrics
Key Business Metrics Adaro continues to meet targets, driving business expansion & solid results • Production figures continue to increase with the target of 58-60 mt of consolidated (ADRO & ADMR) production forecast for FY22, representing an increase of 10-14% YoY. Despite inclement weather and cha
Slide 5: Regulatory Changes in 2022
Regulatory Changes in 2022 New regulations will have a minor impact IUP and IUPK Royalty Scheme • Regulation: Government Regulations No. 15 and No. 26 of 2022 both set the type and tariff for government’s non-tax revenue from the Ministry of Energy and Mineral Resources. In the coal sector, holders
Slide 6: Balance of People, Planet and Profit
Balance of People, Planet and Profit Adaro strives to balance our responsibilities among the generation of profit, the utilization of planet and employment of people. ADRO’s corporate social responsibility Our environmental programs cover four main areas: programs focus on five main areas: land, air
Slide 7: Financials That Will Drive the Transition
Financials That Will Drive the Transition
Slide 8: Adaro Energy Indonesia's Performance
Adaro Energy Indonesia’s Performance Continue to deliver consistent results and strong cash flows OPERATIONAL 9M22 9M21 Change Production (Mt) 45.37 39.64 14% Sales (Mt) 44.17 38.86 14% OB removal (Mbcm) 173.52 173.03 0% FINANCIAL (US$ millions, unless indicated) 9M22 9M21 Change Net Revenue 5,913 2
Slide 9: 9M22 Balance Sheet – Adaro Energy Indonesia
9M22 Balance Sheet – Adaro Energy Indonesia Cash Generation Driving Driving Outsized Expansion in Capital Assets 9M22 FY21 Liabilities & Stockholder Equity 9M22 FY21 CURRENT ASSETS CURRENT LIABILITIES Cash and cash equivalent 3,352,639 1,811,141 Trade payables 339,064 272,409 Trade receivables 753,5
Slide 10: Cash balance of $3.35 Billion
Cash balance of $3.35 Billion Debt to Equity at 26%, Net Cash to Equity 29% Deleveraging of Balance Sheet Historical Cash Position $mn $mn 4,000 3,500 3,353 3,000 2,500 2,000 1,811 1,576 1,500 1,207 1,174 1,000 928 500 - FY17 FY18 FY19 FY20 FY21 9M22 10 10
Slide 11: Solid Financials Backed by Strong Operations
Solid Financials Backed by Strong Operations Steady Production Through the Commodity Cycle Strong free cash flow generation to support Capex 60 8.0 2,500 7.0 2,071 50 2,000 6.0 40 5.0 1,500 Production (Mt) Strip Ratio (x) 1,270 30 4.0 3.0 1,000 20 782 660 630 2.0 566 10 500 496 489 1.0 277 229 193 1
Slide 12: Well Positioned Product and Strong Customer Base Focused on Asia
Well Positioned Product and Strong Customer Base Focused on Asia Envirocoal is among the lowest pollutant content coal in the seaborne market Ash content: 2%-3% (adb) Nitrogen content : 0.9% - 1.0% (daf) Sulfur content: 0.1% - 0.25% (adb) Sales by Destination (9M22) Customer type by volume (9M22) Ot
Slide 13: 9M22 P&L – Adaro Energy Indonesia
9M22 P&L – Adaro Energy Indonesia Strong Results to Finance Transformation Revenue Gross Profit & Margin 7,000 4,000 57% 60% 5,913 3,500 3,365 6,000 50% 3,000 44% 5,000 35% 40% 2,500 33% 3,993 28% 4,000 3,620 3,457 2,000 1,770 30% 3,258 1,500 1,210 3,000 2,535 1,142 965 23% 20% 1,000 2,000 577 10% 5
Slide 14: Income Statement Highlights
Income Statement Highlights P & L Movement Cost Of Revenues Disaggregation 2,168 Revenue By Segment (not adjusted for elimination) Adaro’s estimated coal cash cost breakdown (9M22) 7,000 Coal Fixed 5,796 processing overhead 6,000 10% 5% 5,000 Mining 4,000 35% - 40% Freight & 3,000 handling 20% 2,000
Slide 15: Adaro Minerals MetCoal Business
Adaro Minerals MetCoal Business supports the Steel Industry, a key component in Renewables Adaro Minerals key financial highlights Adaro Minerals metcoal production (Mt) OPERATIONAL 9M22 We expect consistent production growth, 4.0 Production (Mt) 2.56 reaching 6 MT+ by 2025 Sales (Mt) 2.19 2. 8 - 3.
Slide 16: 9M22 P&L – Adaro Minerals
9M22 P&L – Adaro Minerals Strong Results driven by pricing and volume expansion Revenue Gross Profit 600,000 66% 70.0% 700,000 666,485 52.3% 60.0% 500,000 600,000 414,886 50.0% 400,000 In US$ thousands 500,000 460,171 40.0% 300,000 240,450 30.0% 400,000 200,000 20.0% 300,000 10.0% 100,000 200,000 -9
Slide 17: Outlook
Outlook
Slide 18: Macro & Industry Outlook
Macro & Industry Outlook Macro Environment Coal Industry 18 18
Slide 19: On track to meet FY22 guidance
On track to meet FY22 guidance provides cash to invest in EV value chain and renewables Coal production (Mt) Consolidated planned strip ratio (bcm/t) 58-60 58.0 5.1 4.6 4.7 4.2 4.1 3.8 54.0 54.5 52.7 51.8 2017 2018 2019 2020 2021 2022F 2017 2018 2019 2020 2021 2022F Kestrel MetCoal Production (Mt) C
Slide 20: Thank You
adaro® Thank You
PT Adaro Energy Indonesia — 9M22 Earnings Presentation on 6ix