Pt Bayan Resources Tbk · IDX:BYAN
Pt Bayan Resources Tbk — Q2 2011 Earnings Presentation
16 slides from Pt Bayan Resources Tbk's earnings presentation, August 2011
Slide 1: Second Quarter 2011 Update Presentation
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Slide 2: Highlights – Year to Date
Highlights – Year to Date Overall financial performance in 1H11 increased significantly compared to 1H10 (in million USD) 2009 2010 1H10 1H11 Var Revenue 745.6 962.6 412.2 728.3 +77% Gross Profit 113.2 224.9 74.3 225.5 +203% Gross Profit Margin 15% 23% 18% 31% Profit before income tax 18.4 118.9 3
Slide 3: Highlights – Year to Date
Highlights – Year to Date Sales and Production volumes are on track to hit record levels and achieve the FY11 Budget ASP and cash costs exceeded the range of the FY11 Budget and will likely be in the region of US$96/MT and US$72/MT, respectively Bayan held its AGM/EGM in June 2011 and the shar
Slide 4: 2Q 2011
2Q 2011 Coal Production Overburden Removal Weighted Average Strip Ratio Average Cash Costs Coal Sales Average Selling Price Committed & Contractual Sales Debt and Cash Position Capex 3 www.bayan.com.sg
Slide 5: 2Q11 - Coal Production
2Q11 - Coal Production Coal Production Volume (million MT) 2Q11 coal production volume 3.7 to 3.9 was in line with 2Q11 Budget 3.7 3.4 2.9 2Q11 coal production volume was 3.7 million MT which was 9% higher than 1Q10 coal production at 3.4 million MT Coal production YoY went up by 28% with less
Slide 6: 2Q11 - Overburden Removal (OB)
2Q11 - Overburden Removal (OB) 2Q11 OB was in line with 2Q11 2Q11 Overburden Removal Budget (million BCM) 51.0 to 56.0 51.7 2Q11 OB was 51.7 million BCM 48.3 44.7 which was 7% higher than 1Q11 OB at 48.3 million BCM OB YoY was higher due to continued mobilization and overall better weather con
Slide 7: 2Q11 - Weighted Average Strip Ratio (SR)
2Q11 - Weighted Average Strip Ratio (SR) 2Q11 Weighted Average Strip Ratio 2Q11 weighted average SR was 15.5 in line with the Budget 14.0 to 15.0 14.3 13.8 SR YoY went down as the majority of pre stripping activities were completed and weather conditions improved SR was lower than 2Q11 Budget
Slide 8: 2Q11 - Average Cash Costs
2Q11 - Average Cash Costs Average Cash Costs per MT(*) (US$ / MT) 75.3 64 to 67 66.8 63.3 2Q11 average cash costs were higher than 1Q11 average cash costs, Budget and YoY due to Higher fuel prices Longer OB hauling distance 2Q10 2011B 1Q11 2Q11 * (1) Average Cash Costs include Royalty, Barging
Slide 9: 2Q11 - Coal Sales (by volume)
2Q11 - Coal Sales (by volume) 2Q11 Coal Sales Volume (million MT) 3.8 3.6 to 3.9 3.7 2Q11 coal sales volume was in line 2.9 with 2Q11 Budget 2Q11 coal sales volume was 3.8 million MT which was marginally higher by 3% than 1Q11 coal sales volume at 3.7 million MT 2Q10 2Q11B 1Q11 2Q11 Coal Sales
Slide 10: Average Selling Price (ASP)
Average Selling Price (ASP) Average Selling Price (*) (US$ / MT) 2Q11 ASP exceeded FY11 97.2 99.2 Budgeted ASP 85 to 87 71.1 2Q11 ASP was US$99.2/MT which was higher than 1Q10 ASP at US$97.2/MT 2Q11 average CV was 5,754 GAR kcal compared to 1Q11 2Q10 2011B 1Q11 2Q11 average CV at 5,781 GAR kca
Slide 11: Committed and Contracted Sales (after 2Q11 Deliveries)
Committed and Contracted Sales (after 2Q11 Deliveries) 14.5 million MT As at 30 June 2011 committed and contracted sales were 14.5 million MT with an average CV of 5,776 GAR kcal 89.7% 2011 Fixed Price element at US$96.91 with an average CV of 5,783 GAR kcal (which includes all sales delivered t
Slide 12: Total Debt and Cash
Total Debt and Cash 276.0 275.2 270.6 266.4 258.2 245.6 (in million US$) 201.2 209.8 160.7 108.9 116.3 92.3 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 Total Debt Cash Note : US$ is a convenience translation using the closing quarterly exchange rate Positive cash flow generated from strong volumes and margin gr
Slide 13: Capital Expenditure
Capital Expenditure Total Capital Expenditure YTD: US$14.4m Lower Capex than Budget 0.1 0.4 due to PIK jetty extension 0.2 0.1 change in payment 2.9 terms from percentage completed to lump sum on final completion 3.5 Suspension of the overland conveyor at FTB pending finalization 2.5 of IBU de
Slide 14: Appendix
Appendix PT Gunungbayan Pratamcoal GBP PT Perkasa Inakakerta PIK PT Wahana Baratama Mining WBM PT Teguh Sinar Abadi / 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 Contractor Indonesia Thiess
Slide 15: 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 16: Thank You
Thank You For more information, please contact : Investor Relations Jocelle Concio Investor Relations investor.relations@bayan.com.sg 15 www.bayan.com.sg