PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — PT Bukit Asam — Investor Presentation (2019)
20 slides from PT Bukit Asam (Persero) Tbk's investor presentation, 2019
Slide 1: PT Bukit Asam Tbk Corporate Presentation 1H 2019
PT BUKIT ASAM Tbk Corporate Presentation 1H 2019
Slide 2: Outline
Outline 1. Introduction 2. 1H 2019 Update 3. Company Overview 1
Slide 3: 1. Introduction
1. Introduction 2
Slide 4: PTBA continues to diversify its source of revenues
PT Indonesia Asahan Aluminium (Persero) owns ~65,93% of total shares The Subsidiaries and Indirect Subsidiaries Mining Trading Power Logistics Gas Investment Others Mining Power Gas Others Trading Logistics Investment PTBA continues to diversify its source of revenues – The Company’s core business
Slide 5: Key Milestones
Key Milestones 23 Dec 2002 PTBA was publicly listed on the Jakarta 1876 2 Mar 1981 Coal Mine in Ombilin, PN TABA was converted into a West Sumatera, limited corporation and its Stock Exchange with 35% of shares started operations name changed to PT Tambang held by the public. It traded with th
Slide 6: PTBA among peers
PTBA among peers 2018 Coal Production 2015 – 2018 Production CAGR (Mt) (%) 83,3 37,5% 36,8% 54,0 34,0 28,9 26,4 22,6 22,1 14,8% 11,0% 1,6% Bumi Adaro Indika Bayan PTBA Golden ITMG Energy (4,5%) (8,1%) Golden Bayan Bumi PTBA Adaro Indika ITMG Energy 2018 EBITDA Margin 2018 Weighted Average Stripping
Slide 7: 2. 1H 2019 Update
2. 1H 2019 Update 6
Slide 8: Key Performance Highlights
Key Performance Highlights YoY FY2019 E 1H 2019 1H 2018 (% change) Sales volume (Mt) 28.4 13.4 12.2 9.7% Production (Mt) 27.3 12.8 11.2 14.1% Railway Capacity (Mt) 25.3 11.7 11.1 5.5% Revenue (IDR TN) n.a. 10.6 10.5 1.1% Net Profit (IDR TN)* n.a. 2.0 2.7 -24.4% Weighted Average n.a. 778,821 835,965
Slide 9: Key Operational Highlights
Key Operational Highlights Production and Sales Volume Railway Capacity (Mt) (Mt) 22,7 21,4 26,4 24,2 23,6 24,7 17,7 19,6 20,8 11,1 11,7 12,8 13,4 11,2 12,2 FY2016 FY2017 FY2018 1H 2018 1H 2019 FY2016 FY2017 FY2018 1H 2018 1H 2019 Production (Mt) Sales Volume (Mt) Weighted Average Stripping Ratio We
Slide 10: Key Financial Highlights
Key Financial Highlights Revenue and Growth Gross Profit and Margins (IDR bn) (IDR bn) 1,5% 38,5% 8,7% 16,7% 1,2% 31,3% 43,7% 40,4% 41,5% 34,4% 8.507 8.546 19.471 21.167 14.059 4.401 4.349 10.492 10.615 3.656 FY2016 FY2017 FY2018 1H 2018 1H 2019 FY2016 FY2017 FY2018 1H 2018 1H 2019 Revenue (IDR bn)
Slide 11: Key Financial Highlights (Cont.)
Key Financial Highlights (Cont.) Sales Breakdown by Country(1) Cost Breakdown Spareparts & materials Others Thailand; Sri Lanka; 2% 7% 2% 2% (2) Heavy Fuel Japan; 2% Equipment 4% Others; 3% 5% Train Taiwan; 3% Transportation Depreciation 5% 30% Philippines; 3% Domestic; Third Party Hongkong; 57% 6%
Slide 12: 3. Company Overview
3. Company Overview 11
Slide 13: Company Overview
Company Overview Captive Market for Domestic Market Expanding Railways Capacity and New Ports Development Projects Financial Strength and High Dividend Payout Ratio 12
Slide 14: Captive Market for Domestic Market
Captive Market for Domestic Market Domestic coal consumption expected to grow at ~12% (1) Coal remains the key source of Indonesia’s energy over time(3) Overall coal domestic consumptions is expected to grow at 12%, largely Indonesia's energy mix is expected to undergo a transformation over the
Slide 15: Expanding Railway Capacity and New Ports
Expanding Railway Capacity and New Ports Indonesia New Barging Port Project Construction of Prajin Barging Port Capacity : 10 Mtpa (2024) Prajin Barging Port Railway Project (New) Kertapati Development to Northern South Sumatera Barging Port Option to Prajin Barging Port Capacity: 10 Mtpa (2024) M
Slide 16: Expanding Railway Capacity and New Ports (Cont.)
Expanding Railway Capacity and New Ports (Cont.) Optimisation of Railway Capacity and Future Expansion Projects Increasing Railway Capacity (Mt) Estimated capacity Existing capacity upgrade New railway projects 7% 12% 21% 6% 12% 30,0 Tanjung Enim – Prajin n.a. 10 Mtpa (2024) 25,0 25,3 20,0 21.4
Slide 17: Development Projects – Power Plants
Development Projects – Power Plants Total Power Plants ~ 1,700 MW Halmahera Timur CFPP 3x60 MW & DEPP 3x17 MW Location: East Halmahera Coal Consumption: 0.65 Mtpa COD: 2023 PTBA: 75% Investment: USD 350.1 mn Sumsel 8 CFPP 2x620 MW Location: Central Banko Coal 5.4 Mtpa Consumption: COD: 2021/22 PTBA:
Slide 18: Development Projects – Coal to Chemical
Development Projects – Coal to Chemical Coal to Chemical in Peranap Mine Coal consumption : 8,7 mta Declaration of Coal Dowstreaming Project in Peranap Coal to Chemical Tanjung Enim Mine Coal consumption : 8,1 mta Declaration of Coal Downstreaming Project in Tanjung Enim by the Minister of SOE, Mini
Slide 19: Financial Strength and High Dividend Payout Ratio
Financial Strength and High Dividend Payout Ratio Total Revenue, Net Profit and Net Profit Margin Minimal Debt (1) with Overall Net Cash Position (IDR bn) (IDR bn) 15% 14% 23% 24% 19% 1.093 1.306 2.582 5.469 4.637 21.167 6.301 19.471 5.287 13.845 14.059 10.615 3.675 3.555 3.115 5.024 2.022 2.369 4.4
Slide 20: For More Information / Disclaimer
For More Information : Contact : Septyo Cholidie Position : Investor Relation Manager Address : PT Bukit Asam Tbk Menara Kadin, 15th Floor, Jl. Rasuna Said, Blok X-5 Kav. 2 & 3, Jakarta 12950 Indonesia Telephone : +62 21 5254014 Facsimile : +62 21 5254002 E-mail : scholidie@bukitasam.co.id Website :