PT Indika Energy Tbk · IDX:INDY
PT Indika Energy Tbk — FY2010 Earnings Presentation
78 slides from PT Indika Energy Tbk's earnings presentation, Apr 11, 2011
Slide 1: Company Update 2010 Review
PT Indika Energy Tbk. Company Update 2010 Review 11 April 2011
Slide 2: Disclaimer
Disclaimer Investors and security holders are cautioned that this communication contains forward-looking statements and that forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of PT. Indika Energy Tbk
Slide 3: Table of Contents
Table of Contents ● 2010 Review 4 ● Indika Energy Tbk. 11 ● Our Focus in 2011 16 ● Business Overview 23 – Energy Resource 24 – Energy Services 45 – Energy Infrastructure 57 ● Appendix – Fast Facts 64 – FY10A Financial Highlights 69 3
Slide 4: 2010 Review
INDIKA_ 2010 Review
Slide 5: Indika's Financial Highlights
Indika’s Financial Highlights 2010A 2009A Change Explanation (Rp. bln) (Rp. bln) (%) Revenue 3,765 2,487 51.4% Full year contribution of Petrosea in 2010 versus 6-months in 2009 Full year contribution of Petrosea in 2010 versus 6-months in 2009 COGS 3,153 1,867 68.9% Acceleration of work at Tripatra
Slide 6: Kideco's Operating Highlights
Kideco’s Operating Highlights Description 2009A 2010A Change (US$ mn) % Coal Production (mn ton) 24.71 29.05 17.6% Coal Sales (mn ton) 24.92 29.08 16.7% Stripping ratio (X) 6.60 5.85 -11.4% Cash Cost (US$/ton incl. royalty) 31.75 34.36 8.2% Cash Cost (US$/ton excl. royalty) 25.51 27.80 8.9% Average
Slide 7: Cash Balance & Debt
1) Cash Balance & Debt (in US$ mn) 600 555.68 2) 475.31 75.68 Lease 400 409.63 3) 480.00 200 Bond Restricted Cash 4) 65.68 0 Cash Balance Debt Note : IDR 8,991/US$ 1)audited FS December 31, 2010 2)Including Petrosea’s bank loan & financial lease 3)US$ 250 mn due 2012 & US$ 230 mn due 2016 4) Coal as
Slide 8: Execution of Our Strategy – Key Milestones throughout 2010 and 2011
Execution of Our Strategy – Key Milestones throughout 2010 and 2011 Consistent with our long-term strategy, throughout 2010 and 2011, we have continued to leverage our integrated energy platform to capitalize on growth and diversification opportunities. Joint venture with Completion of IPO Tiga Sera
Slide 9: Recent Development MBSS Acquisition
Recent Development MBSS Acquisition Following the completion of the IPO of MBSS on April 6th, Indika acquired 51% of its shares for US$168m in cash. Transaction Banks 3 Bank debt and internal cash 1 Indika entered into an agreement to purchase 51% of MBSS 1 Call Option 2 MBSS was listed on April 6th
Slide 10: Overview of MBSS
Overview of MBSS MBSS provides integrated coal transport and logistic services to top Indonesian coal producers under long-term contracts. Large Fleet of Young Vessels Diverse Base of Top Tier Customers(1) Tug Barges Floating Crane Other(3) (2) Bumi 21% 39% Relationship: Berau 17 years 13% Relations
Slide 11: PT Indika Energy Tbk.
INDIKA_ PT Indika Energy Tbk.
Slide 12: Indonesia's Leading Fully Integrated Energy Company
Indonesia’s Leading Fully Integrated Energy Company Energy Resources Energy Services Energy Infrastructure No.3 coal producer Established in 1973 Established in 2007 29.1mt production in 2010, Leader in EPC services 660 MW IPP Growing to 37mt in 2013 (onshore Oil & Gas) Signed 30 years PPA with 20%
Slide 13: Maximization of Stakeholders Value
Maximization of Stakeholders Value Enhancing Integration for Pursuing Premium Synergy Energy Resources Energy Services Energy Infrastructure • Coal Assets Acquisition : Brown • Coal Logistic/infrastructure • Finishing CEP Project & learning fields & operating mines Acquisition lessons for future opp
Slide 14: Growth Oriented Strategy Aimed to Enhance Integrated Platform Synergies
Growth Oriented Strategy Aimed to Enhance Integrated Platform Synergies Capitalize on Indonesia's abundant natural resources and growing energy demand – Identify and acquire attractive energy investments Integrate diverse energy platforms and achieve operational synergies Leverage existing partnersh
Slide 15: Disciplined and Focused Acquisition Strategy
Disciplined and Focused Acquisition Strategy Pursue attractive inorganic growth opportunities in the core areas of expertise while maintaining conservative financial profile Primary Acquisition Criteria Decision Making Process We seek opportunities where: The target can provide additional energy Pre
Slide 16: Our Focus in 2011
INDIKA_ Our Focus in 2011
Slide 17: Growth Oriented Strategy
Growth Oriented Strategy Econ. and Eng. and Feasibility Study Construction Exploration (managed) Production Identification / Acquisition Processing Integrate diverse energy platform and achieve operational synergies Land Transportation Coal Resource Continue to diversify earnings to achieve stable c
Slide 18: Strategy and Business Development
INDIKA Sverar ce TRIPATRA STRATEGY BUSINESS DEVELOPM e Enhancing Indika Integration Model e Expansion of Kideco e Improving and Expanding Existing © Expanding the coal trading Businesses: e Finding new coal asset > Expanding the Services Business Gas filling stations through Tripatra and Petrosea °
Slide 19: Accumulating Coal Reserves for Future Growth
Accumulating Coal Reserves for Future Growth Indika expects to grow its reserve base through ongoing exploration, such as at West Kalimantan. Basin 1 (Kubar, Ea Basin 2 st (Kukar, Ea Kalimantan Reserve st ) Kalimantan (mt) 699 ) 416 463 311 s 47 105 Basin 3 (Barito Utara & Selatan, Ce ntral Kalimant
Slide 20: 2011 Key Assumptions
2011 Key Assumptions Exchange rate IDR 9,000/US$1 Coal Price (New Castle Index) US$ 105/ton Fuel Cost (Diesel) IDR 7,200/liter Dividend Payout Ratio 50% Resources Average Selling Price (ASP) US$ 66.0/ton Production Volume 31.0 mn tons Kideco Strip Ratio (SR) 6.2 X Cash Cost exl. Royalty US$ 31.0/ton
Slide 21: Indika's Planned Capex 2011
Indika’s Planned Capex 2011 Petrosea 103.0 Mining Fleet Jetty expansion & supporting POSB 27.6 equipment US$ 185.1 million IT application & building Tripatra 1.5 maintenance Resources 26.4 Exploration ICT 16.9 ERP development & implementation Land development for new office Holding 9.7 complex (Trip
Slide 22: Kideco's Planned Capex 2011
Kideco’s Planned Capex 2011 To maintain existing infrastructure : Maintenance • TMCT infrastructure & facilities • Hauling road • Crushing plant 21.1 • Workshop facilities US$ 55 million • Heavy Equipments & Machinery 6.4 Workshop facilities at Samarangau area Expansion 7th infrastructure expansion
Slide 23: Business Overview
INDIKA_ Business Overview
Slide 24: Energy Resources
Energy Resources Kideco Santan Batubara West Kalimantan 24
Slide 25: Rapid Growth in Demand for Sub-Bituminous Coal
Rapid Growth in Demand for Sub- Bituminous Coal Indonesia, the largest thermal coal exporter globally, is strategically positioned to supply Asia’s growing coal demand and benefit from the favorable trend in thermal coal prices. Global Sub-bituminous Coal Import Demand Indonesian Sub-bituminous Coal
Slide 26: Global Thermal Coal Outlook
Global Thermal Coal Outlook (mn ton) 1,000 shortfall still continues 750 500 250 0 2008 2009 2010F 2011F 2012F 2013F 2014F 2015F Demand Supply Source: various 26
Slide 27: Strong Coal Market Fundamentals Over Medium-to-Long Term
Strong Coal Market Fundamentals Over Medium-to-Long Term Growing Demand Installed Power Plant Capacity was 157 GW in Feb 2010 – 77% was coal fired. Estimated demand to double to 313 GW by 2017. India Coal import is estimated to increase to 100 mn tons in 2013 from current level of 65 mn tons. Coal i
Slide 28: Strong Coal Market Fundamentals Over Medium-to-Long Term
Strong Coal Market Fundamentals Over Medium-to-Long Term Tight Supply Has become a Net Importer since 2009. China’s policy on coal industry consolidation by closing small mines and increasing China standard of Health Safety and Environment (HSE) of mine operation. Logistic interruptions. Will contin
Slide 29: Healthy Demand Outlook Fuelling Domestic Coal Production Growth
Healthy Demand Outlook Fuelling Domestic Coal Production Growth Indonesian Thermal Coal Production (mn tons) 450 Domestic 20 years CAGR : 8.3% 405 361 321 300 185 270 254 191 240 217 193 201 198 206 150 191 163 145 220 170 120 48 54 49 56 64 0 2006 2007 2008 2009 2010F 2015F 2020F 2025F Domestic Exp
Slide 30: PLN's Coal Consumption
PLN’s Coal Consumption Mostly Driven by Low Rank Coal (mn tons) 125 100 95.3 87.5 8.9 77.0 8.9 75 8.9 59.4 42.1 4.9 43.2 50 40.8 36.9 4.9 28.7 25 27.7 44.3 32.2 35.4 25.8 0 8.2 2010F 2011F 2012F 2013F 2014F 4200 kcal 5100 kcal 6100 kcal 4,200 kcal Projected Consumption 5 years CAGR : 52.5% 30 Source
Slide 31: Coal Price - Newcastle Benchmark
Coal Price - Newcastle Benchmark (US$/ton) 200 Jan 07’11 175 168.4 129.9 150 125 119.5 100 95.2 88.9 91.8 80.5 81.6 79.5 75 123.3 Apr 08’11 50 51.1 2007 Average 2008 Average 2009 Average 2010 Average 2010 ytd Average US$ 64.9/ton US$ 125.2/ton US$ 72.3/ton US$ 99.2/ton US$ 127.1/ton 25 0 Jan07 Dec07
Slide 32: PT. Kideco Jaya Agung
PT. Kideco Jaya Agung Indika owns 46% of Kideco, the third- largest coal producer in Indonesia with 50,400 Ha concession in East Kalimantan Kideco is engaged in surface open-cut mining since 1993 First-generation Coal Contract of Work valid through 2023 JORC resources as of April 2011 at 1,376mt and
Slide 33: Indika and Samtan are equal partners in the Kideco joint venture
Indika and Samtan are equal partners in the Kideco joint venture PT Muji Inti Utama Shareholding 46% 49% 5% Indonesian expertise and local access Leading Korean energy company Indonesian coal producer Role Business opportunities via the energy 45 years of mining experience A customer of Indika platf
Slide 34: Abundant Reserves and Resources
Abundant Reserves and Resources Reserves (in million tons)1) Calorific 2) Area Value (kcal) Proved Probable Total Roto South 4,870 91 66 157 Roto North 5,470 - 18 18 651 million tons Roto Middle 4,730 22 17 39 in Reserves Susubang 5,120 - 16 16 Samarangau 4,430 79 342 421 Total 192 459 651 1) Resour
Slide 35: Kideco - A Well Developed Infrastructure with End-to-End Control
Kideco-A Well Developed Infrastructure with End-to-End Control of Mining Process … Overburden Removal Process Barging and Shipping Production of “Run of Mine” (58km) 1 (ROM) Coal 6 2 Capable of loading a number of vessels simultaneously Total Distance: 99 – 107km Stockpiling at TMCT Crushing (3-11km
Slide 36: Supporting Reputation as the Most Reliable Supplier
… Supporting Reputation as the Most Reliable Supplier Unmatched Track Record of Production Achievement (mn ton) 40 100.2% 103.1% 29.0 29.1 30 102.2% 104.1% 100.0% 101.1% 24.0 24.8 22.0 22.0 18.5 18.9 19.7 20.5 20 18.0 18.2 10 0 2005 2006 2007 2008 2009 2010 Target Actual Zero occurrence of force maj
Slide 37: Kideco Production Plan
Kideco Production Plan (mn ton) (multiple) 200 2011 Quarterly Breakdown 9 191.8 150 6.02 6.38 6.11 6.19 6.24 6 100 3 50 34.0 37.0 31.0 44.7 48.0 49.0 50.1 7.3 8.0 7.9 7.9 0 0 1Q 2Q 3Q 4Q FY11 FY12 2012 FY13Plan – 2013 Production Overburden Coal Production Strip Ratio 37
Slide 38: Kideco Production Breakdown
Kideco Production Breakdown Samarangau 30% Roto 67% Susubang 3% Samarangau 25% 2011 Planning Susubang Roto 2% 73% Samarangau 15% Susubang 1% 2010 Roto 84% 2009 38
Slide 39: Kideco Operations Performance
Kideco Operations Performance (mn ton) (multiple) 200 8 7.05 175 6.60 150 5.45 5.85 6 4.85 170.1 125 163.0 133.3 100 4 112.1 75 106.7 50 2 25 29.1 18.9 20.6 22.0 24.7 0 0 2006 2007 2008 2009 2010 Overburden Coal Production Strip Ratio 39
Slide 40: Kideco's Operating Highlights
Kideco’s Operating Highlights Description 2009 2010 (US$ mn) 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY Coal Production (mn ton) 5.3 6.1 6.5 6.8 24.71 7.0 7.2 7.0 7.8 29.05 Coal Sales (mn ton) 5.8 6.1 6.4 6.6 24.92 7.3 7.2 7.3 7.3 29.08 Stripping ratio (X) 5.82 6.58 6.75 7.08 6.60 6.24 5.84 5.58 5.76 5.85 Cash C
Slide 41: One of the Lowest Cost Coal Producer in Indonesia
One of the Lowest Cost Coal Producer in Indonesia Cash Cost Component US$ Cash Cost / ton Freight Material Freight Material Labor 5% 14% 5% 7% 1% FY10A Gov. Labor Gov. Overhead 7% US$ 34.36 incl. royalty 1% Royalty Royalty 19% Overhead 20% US$ 27.80 ex. royalty 6% FY09A US$ 31.75 incl. royalty Minin
Slide 42: Kideco Sales By Countries
Kideco Sales By Countries Strong Presence in Traditional & New Markets FY10A FY09A Others Thailand Others 8% Philippines 5% 4% Indonesia Thailand 4% 23% Philippines 6% Indonesia Hong Kong 1% 23% 2% Hong Kong Malaysia 7% 5% Malaysia 6% India 13% Korea Korea 17% 14% India 12% China Taiwan China Japan
Slide 43: Santan Batubara – High Value Coal Mining Asset
Santan Batubara – High Value Coal Mining Asset Ownership and Operating Structure Asset Overview (mt) 284 PT Santan Batubara 48 Samarinda Reserves Resources Balikpapan 50% 50% Palangkaraya Mining Coal marketing services services Banjarmasin Key Operating Highlights Production (mt) ASP(1) (US$/t) 4.0
Slide 44: West Kalimantan Project
West Kalimantan Project Asset Overview Acquired coal mining rights (“KPs”) in February 2009 for US$18.0 mn Original Concession area was 53,050 Ha in Melawi, West Kalimantan. Detailed Geological Survey and Paloh Mapping has focused on the remaining 34,200 Ha 109 Coal Outcrops have been identified Pon
Slide 45: Energy Services
Energy Services Tripatra & Subsidiaries PT Petrosea Tbk. 45
Slide 46: Direct Exposure to Growth in Indonesian Infrastructure Spending
Direct Exposure to Growth in Indonesian Infrastructure Spending Energy services will experience strong growth driven by significant infrastructure investment. Expected New LNG Capacity in Indonesia Upstream Oil and Gas Capex Investment Plan for IPP and PLN Indonesia (US$bn) (US$bn) (m mtpa) 8,000 14
Slide 47: Tripatra Has 37 Years Track Record in the Energy Services
Tripatra Has 37 Years Track Record in the Energy Services Established in 1973 Multi-discipline engineering / EPC and project capabilities Well-established track record with highly rated multinational companies Long-term relationships with key customers including Chevron, Exxon Mobil and HESS Leading
Slide 48: Tripatra's Backlog in 2011
Tripatra’s Backlog in 2011 Client Project descriptions Contract Time period Remaining Value Contract Value (US$ mn) (US$ mn) Per 31 Dec 2010 Ongoing Jambi Merang Field Development 185.7 2007–2010 0.9 Gas project in South Sumatera 137.9 2010–2012 117.5 Blanket Engineering Services 9.0 2009–2012 5.2 S
Slide 49: Tripatra's Project Pipelines in 2011
Tripatra’s Project Pipelines in 2011* Client Project descriptions Contract Time period value (US$ mn) Exxon Mobil – Cepu 450.0 2011-2014 CVX-ECM** 150.0 2011-2015 “Power Project” 100.0 2011-2014 Total 700.0 *estimated, in tender process (short listed) **retender of PMEC Project 49
Slide 50: PT. Petrosea Tbk.
PT. Petrosea Tbk. PT Petrosea Tbk is a multidisciplinary engineering, construction and mining company with a track record of achievement in Indonesia since 1972. Today, Petrosea is recognised as one of Indonesia's leading engineering and construction contractors. Petrosea’s strategy is tobe an Indon
Slide 51: Petrosea Completes Indika's Capabilities Across the Entire Mining Chain
Petrosea Completes Indika’s Capabilities Across the Entire Mining Chain Identification / Acquisition Exploration (managed) Economic and Feasibility Study Engineering and Construction Production Barge Unloading Barging Barge Loading Land Transportation Processing Loading Terminal Transshipment Offtak
Slide 52: Petrosea Offshore Supply Base
Petrosea Offshore Supply Base Facilities Equipment • Quay (inner : 4-6 meters & outer 5-8 meters water depth) • 8 various type Cranes • Storage : • 9 various type Fork lifts - Undercover (13,500 square meters) & Open (80,000 square meters) • 4 prime mover and trailers - Oil (4,000 cubic meters) & di
Slide 53: Petrosea's Strong Backlog in 2011
Petrosea’s Strong Backlog in 2011 Client Project descriptions Contract Scope of Work Time period Remaining value Contract Value (US$ mn) (US$ mn) Per 31 Dec 2010 Existing Contract Gunung Bayan Pratama 314.9 Overburden 180 mn bcm 2009–2013 181.9 Overburden 99 mn bcm Santan Batubara 248.6 2009–2014 14
Slide 54: Petrosea's Project Pipelines in 2011
Petrosea’s Project Pipelines in 2011 Client Project descriptions Contract Scope of Work Time period value (US$ mn)* Target Contract Extention/Additional Volume Gunung Bayan Pratama 221.1 Overburden 276.5 mn bcm 2011–2015 Overburden 215.5 mn bcm Santan Batubara 453.9 2011–2016 Coal Extraction12.9 mn
Slide 55: Mining Fleet
Mining Fleet Petrosea maintains an extensive & high quality fleet. This allows flexibility in fleet management and lowers the risk of operational disruptions to customers. Excavator Dump Trucks Bulldozers 20 16 102 7 27 2c Graders Ancillary Equipment 10 116 137 Total operational fleet & mining equip
Slide 56: Petrosea Coal Mining Highlights
Petrosea Coal Mining Highlights Overburden Removal Volume Coal Getting Volume (mn BCM) (mn ton) 90 5 80.8 72.2 4.09 60 53.1 3 47.2 2.44 42.1 30 1.87 1.25 1.28 0 0 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 56
Slide 57: Energy Infrastructure
Energy Infrastructure *Site development (Boiler Plant in picture), as of January 31, 2011 Cirebon Electric Power PT Mitrabahtera Segara Sejati Tbk. 57
Slide 58: CEP's Project Structure
CEP’s Project Structure Location ● Cirebon, Java Capacity ● 1x660MW Shareholding ● Marubeni Corp.: 32.5% ● KOMIPO Co.: 27.5% ● Samtan Co.: 20% ● Indika: 20% Off-taker ● PLN Target Completion ● 2011 Indika hold a 20% equity interest in CEP, the first international tender of IPP post Asian financial c
Slide 59: CEP's Project Status
CEP’s Project Status ● Overall Progress Accomplishment As of January 31, 2011 overall project progress is 94.80% Equipment Supply : 99.96% Construction : 95.18% Commissioning : 5.99% ● Operation & Maintenance (O&M) – PT. Cirebon Power Services Established in February 2010 Started mobilization to pre
Slide 60: CEP's Progress Development (1)
CEP’s Progress Development (1) December 31, 2009 March 31, 2010 June 30, 2010 Boiler Plant Construction January 31, 2011 December 31, 2010 September 30, 2010 60
Slide 61: CEP's Progress Development (2)
CEP’s Progress Development (2) Boiler Plant – Pipe Insulation Fly Ash Silo Structure Major Facilities Construction Progress – up to January 31, 2011 Boiler Plant – Pulverizer Boiler – Bottom Ash Handling 61
Slide 62: CEP's Progress Development (3)
CEP’s Progress Development (3) Jetty – Coal Handling Jetty – Trestle & Coal Conveyor Major Facilities Construction Progress – up to January 31, 2011 Turbine Insulation Control Building - Control Room 62
Slide 63: Appendix
Appendix 1. Fast Facts 2. FY10A Financial Highlights 63
Slide 64: Fast Facts
INDIKA_ Fast Facts
Slide 65: Corporate Structure
Corporate Structure As of November 10, 2010 PT. Indika Energy Tbk. (Indonesia) 100% 100% 100% 98.55% 100% 100% 99.6% PT. Indika Inti Corpindo (Indonesia) PT. Tripatra Engineers & PT Indika Infrastruktur Indika Power PT. Indika Energy PT. Tripatra Engineering PT. Petrosea Tbk. Investments Pte. Ltd. I
Slide 66: INDY Shareholding Structure
INDY Shareholding Structure PT. Indika Mitra Individual Founders Public Energi (less than 5% each) 63.117%* 29.363% 7.520% PT. Indika Energy Tbk. (INDY) listed in the Indonesia Stock Exchange on June 11, 2008 Number of shares : 5,207,142,000 Part of IDX’s LQ 45 Index and MSCI Indonesia Index Market
Slide 67: Awards
Awards Best Corporate Overall Best Managed Governance in Indonesia Company in Indonesia -Medium Cap- Most Convincing and Best Executive in Coherent Strategy Indonesia in Indonesia M. Arsjad Rasjid P.M. Most Convincing and Coherent Strategy - Metal and Mining 67
Slide 68: Outstanding High-Yield Bonds
Outstanding High-Yield Bonds B2 B1 Positive Outlook Upgraded to Positive Outlook Both Senior Notes are rated: B+ B+ Stable Outlook Reaffirmed to Stable Outlook Indo Integrated Energy B.V. Indo Integrated Energy II B.V. US$ 250 mn US$ 230 mn 8.50% 5-year Senior Notes 9.75% 7-year Senior Notes Reg S R
Slide 69: FY10A Financial Highlights
FY10A Financial Highlights 69
Slide 70: Indika's Financial Highlights (1)
Indika’s Financial Highlights* (1) Revenue Net Profit Indika 7% Petrosea 20% Petrosea 45% Tripatra 3% Tripatra 48% Kideco 77% Note : *FY10A 70
Slide 71: Indika's Financial Highlights (2)
Indika’s Financial Highlights (2) Description 2008 2009 2010 Changes (in Rp. Billion) audited audited audited 2009-2008 2010-2009 Revenue 2,314 2,487 3,765 7.4% 51.4% Gross Profit 287 620 612 116.1% -1.2% Operating Profit 123 191 -66 55.4% -134.3% Adjusted EBITDA * 718 1,557 1,881 116.8% 20.8% Incom
Slide 72: Indika's Financial Highlights (3)
Indika’s Financial Highlights (3) Ratio 2008 2009 2010 audited audited audited Gross Margin 12.4% 24.9% 16.3% Operating Margin 5.3% 7.7% -1.7% Net Margin 46.9% 29.2% 20.5% Core Net Margin*** 38.4% 48.7% n/a Adjusted EBITDA Margin* 31.0% 62.6% 49.9% ROA 12.5% 6.2% 6.7% ROE 20.8% 13.6% 14.2% Current R
Slide 73: Kideco's Financial and Operating Highlights
Kideco’s Financial and Operating Highlights Description 2008 2009 2010 Changes (in US$ mn) audited audited audited 2009-2008 2010-2009 Revenue 1,082 1,312 1,605 21.3% 22.3% Gross Profit 440 506 581 14.9% 14.7% Operating Profit 425 490 556 15.2% 13.5% Net Profit 229 288 316 25.5% 9.9% EBITDA 440 511
Slide 74: Tripatra's Financial Highlights (1)
Tripatra’s Financial Highlights* (1) Revenue Net Profit Port & ** Logistic Cotrans*** 17% & SBS 59% O&M 12% EPC Tripatra 71% 41% Note : *FY10A **Kuala Pelabuhan Indonesia (KPI) ***Associate companies 74
Slide 75: Tripatra's Financial Highlights (2)
Tripatra’s Financial Highlights (2) Description 2008 2009 2010 Changes (in Rp. Billion) audited audited audited 2009-2008 9M10-9M09 Revenue 1,991 1,226 1,774 -38.4% 44.8% Gross Profit 261 298 96 14.0% -67.6% Operating Profit 249 278 72 12.0% -74.0% Adjusted EBITDA * 372 332 183 -10.8% -45.0% Income
Slide 76: Petrosea's Financial Highlights (1)
Petrosea’s Financial Highlights* (1) Revenue Net Profit E&C TKCM** POSB 3% 1.4% 13% Santan ** Batubara 27.9% E&C 0.2% Coal Coal Contract Contract POSB Mining Mining 12.1% 58.3% 84% Note : *FY10A **Associate companies 76
Slide 77: Petrosea's Financial Highlights (2)
Petrosea’s Financial Highlights* (2) Description 2008 2009 2010 Changes (in US$ mn) audited audited audited 2009-2008 2010-2009 Revenue 205.8 171.8 186.9 -16.5% 8.8% Gross Profit 30.7 55.2 55.3 79.9% 0.1% Operating Profit 10.9 39.5 38.3 263.4% -3.0% EBITDA 24.6 61.4 64.6 149.3% 5.2% Income from Asso
Slide 78: Thank You
Thank You PT. Indika Energy Tbk. Mitra Building 7th Floor Jl. Jend. Gatot Subroto Kav. 21 Jakarta 12930 Indonesia (6221) 2557-9888 www.indikaenergy.co.id investor.relations@indikaenergy.co.id 78