PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — Investor Presentation (July 2016)
25 slides from PT Bukit Asam (Persero) Tbk's investor presentation, July 2016
Slide 1: Corporate Presentation - July 2016
Corporate Presentation - July 2016 www.ptba.co.id Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA
Slide 2: Bukit Asam
eo BukitAsam
Slide 3: Indonesia's Oldest and Most Experienced Coal Producer
Indonesia’s Oldest and Most Experienced Coal Producer PN TABA was converted PTBA was publicly listed into a limited corporation on the Jakarta Stock and its name changed to Exchange with 35% of PT Tambang Batubara shares held by the public. During the Dutch colonial Bukit Asam (PTBA). This It traded
Slide 4: Operating and financial highlights FY15 and 6M16
FY15(A) FY16(E) 6M15(A) 6M16(A) YoY % a b c d d/c SALES VOLUME (MT) 19.10 29.1 9.03 10.02 +11% PRODUCTION (MT) 19.28 25.7 8.32 7.65 -8% TRADING/PURCHASE (MT) 1.46 2.5 0.82 0.87 +5,5% RAILWAY CAPACITY (MT) 15.80 23.7 7,47 8,48 +13% REVENUES (IDR TN) 13.73 xx.x 6,51 6,76 +4% NET PROFIT (ID
Slide 5: Total Resources and Total Mineable Reserves
Mining Business License (IUP) Total Resources 8.27 billion tons Tanjung Enim Mine 66,414 Ha Ombilin Mine 2,950 Ha Total Mineable Reserves 3.33 billion tons Peranap Mine 18,230 Ha PERANAP MINE IPC MINE IPC Mine 3,238 Ha Recources : 0.67billion tons Resources : 0.024 billion tons Mineable : 0.29 billi
Slide 6: Coal classification by quality
2.7% 3.0% 34.2% 48.2% 49.1% 62.8% Lignite Sub-bituminous Bituminous Lignite Sub-bituminous Bituminous Parameter BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) < 18 18 -30 > 35 CV (KCal/Kg adb) > 6,400 4,900 – 6,400 < 4,900 (KCal/Kg ar) 5,800 – 7,950 4,400 – 5,800 < 4,400
Slide 7: Coal industry outlook (JP Morgan source)
Source: JP Morgan Update Coal August 2015
Slide 8: Indonesian Domestic Demand vs Exports; Primary Energy Mix
Indonesian Domestic Demand Vs Exports (Mt) Primary Energy Mix (%) Source: Wood Mackenzie Coal Market Service, 2015 Source: Agency For The Assessment And Application Of Technology, Dec 2014 Coal Demand (PLN + IPP) Fuel Mix 2005-2021 : For Power Generation Source : PLN, 2015 Source : PLN, 2014
Slide 9: 6M16 Total Cash Cost and Average Selling Price
Total Cash Cost (FOB) 6M16 Total Cost Breakdown Fuel, 1.5% Oil & Lubricant, 0.1% Tanjung Enim 6M16 6M15 YoY Depreciation & Others, 2.3% CSR, 0.7% Electricity, 0.2% System *) Amortisation, 2.8% Spareparts/Material,… Salaries & Wages, Heavy Equipment Rent,… Ex Royalty (IDR) 603,596 547,572 +10,2% 13.7
Slide 10: Coal Type by Quality and 6M16 Sales Breakdown
Coal Type by Quality 6M16 Sales Breakdown by Country CV TM IM Ash VM FC TS max Coal Brand HGI Kcal/Kg,adb Kcal/Kg,ar %,ar %,adb %,ar %,ar %,ar %,ar IPC 53 5,300 - 34 15 8 39 40 0.5 - BA 45 5,464 4,500 30 15 6 35 29 1.0 52 BA 50 6,111 5,000 28 12 6 35 31 1.0 55 BA 55 6,513 5,500 24 10 6 34 36 1.0 54
Slide 11: Gross, Operating and Net Profit Margin
Gross Profit Margin Operating Profit Margin Net Profit Margin 26,3 24.4 14 12 12.2 10.6 6M15 6M16 6M15 6M16 6M15 6M16 50 46 44 35 31 30 30 31 29 29 25 25 19 18 16 16 14 15 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015
Slide 12: Margin comparison with peers (GPM, OPM, NPM)
30.14 19.9 21.34 17.58 9.46 4.26 YZC US ACI US BYAN IJ BTU US SCC PM COAL IN 1088 HK ITMG IJ HRUM IJ ADRO IJ GLEN LN RIO AU BHP AU BUMI IJ PTBA IJ YZC :Yanzhou Coal Mining GLEN LN: Glencore PLC.(London) ACI : Arch Coal Inc. – USA (NYSE) SCC PM: Semirara Mining and Power co – PHP COAL IN : Coal India
Slide 13: Performance in Environmental, Social and Governance 2015
Performance in Environmental, Social and Governance 2015 Penilaian kepada PTBA RATING “A” atas kinerja dan keberlangsungan usaha melalui perspektif LINGKUNGAN, SOSIAL, dan TATA KELOLA (Environmental, Social, Governance) oleh Morgan Stanley Capital International (MSCI);
Slide 14: Best Company in Emissions and B3 Waste Management
Best Company in Emmissions and B3 Waste Management PT Bukit Asam (Persero) Tbk was ranked first as the world’s best company in emissions and B3 waste management Source: Morgan Stanley Capital International (MSCI) 2015
Slide 15: Tanjung Enim railway and Tarahan Coal Terminal
Double Tracks Single Track with Crossing Sections Tanjung Enim Mine with Kertapati the installed production capacity of 25 Mtpa Barging Port Tanjung Enim Muara Enim Lahat Prabumulih Railway (Upgraded) - Capacity : up to 22.7 M tpa - TE – Kertapati : 160.9 Km - TE – Tarahan : 409.5 Km Baturaja - Expe
Slide 16: Power plant projects: tender and in operation
800-1200MW Power Plant 2x350 MW Power Plant - Location : Peranap Riau - Location : Kuala Tanjung - Coal Cons. : 8.4 M tpa - Coal Cons. : 4,5 M tpa - COD : 2020 - COD : 2020 3x600MW Sumsel 9&10 PP 2x40 MW Power Plant - Location : Muara Enim - Location : Halmahera timur - Coal Cons. : 8.4 M tpa - Coal
Slide 17: Railway and Coal Bed Methane project status
P Project Status Upgraded Existing • Tanjung Enim – Tarahan Port (410km), TE – Kertapati Port (161km) Railway Line • 100% owned & operated by State Railway Company, PT KAI • Capacity of 22.7Mtpa (2015 – 2029) • Currently, PT KAI is operating about 2.944 Wagons and 106 Locomotives, including 600 new
Slide 18: Power plant status
The Plant Status 2x620MW Banko Tengah (Sumsel • PTBA (45%), China Huadian Hong Kong Company Ltd (55%) 8) Power Plant • Investment of USD1.6 Bn • Coal Consumption: 5.4 M tpa • Facility Loan Agreement of US$1.2 Bn has been signed with Cexim in March 2015 • Financial Closing to be finalised in 2H15 • G
Slide 19: Supporting National Energy Policy
Supporting National Energy Policy Having A Total Long Term Coal Supply with: Committed Volume o National Power Company\PLN (2010 – 2030) : 262 Mt o Indonesia Power (2013 – 2022) : 52 Mt o Huadian Bukit Asam Power\Power Plant (25 Years) : 150 Mt o Bukit Pembangkit Innovative\Power Plant (30 Years)
Slide 20: Coal terminal facilities
• Coverage: 43 Ha • Throughput: 25 Mtpa • Capacity of Berths: Shiploader#2 210,000DWT Shiploader#1 80,000DWT Bargeloader 10,000DWT • Supporting Facilities: Total Stockpiles: 0.9 Million ton 2x8MW Coal Fired Power Plant Train Unloading System with 4 (Four) RCDs (Rotary Car Dumper) 10,00
Slide 21: PTBA group structure and subsidiaries
PTBA operates a fully integrated large coal mining in Tanjung Enim The Indonesian ( South Sumatera), Ombilin (West Sumatera), Peranap (Riau), and PTBA Government owns 65% of Total East Kalimantan with Total Shares Resources & Reserves are 8.27 billion tons and 3.33 billion tons The Subsidiaries: res
Slide 22: The Top Forty Shareholders as of July 13, 2016
The Top Fourty Shareholders as of July 13, 2016 No Nama Investor Jumlah Percentage (%) 1 NEGARA REPUBLIK INDONESIA 1.498.089.500 65.02 2 TAMBANG BATU BARA BUKIT ASAM (PERSERO), Tbk PT 196,056,700 8.51 3 BPJS Ketenagakerjaan-JHT 53,376,000 2.32 Foreign, Treasury 4 PT Taspen (Persero) - THT 35,516,000
Slide 23: Share price, sales, production, revenues and net income
19.3 19.1 6000 30000 17.8 18.0 Sales Production 16.4 5000 25000 15.3 15.1 13.4 13.9 4000 20000 12.9 12.7 12.4 12.9 12.5 3000 15000 11.6 10.0 10.8 10.8 9.5 9.9 9.6 9.9 2000 10000 9.5 9.8 9.5 9.2 9.2 9.1 1000 5000 0 0 4/01/2010 4/01/2011 4/01/2012 4/01/2013 4/01/2014 4/01/2015 4/01/2016 20022003200420
Slide 24: Coal volume outlook in million tons 2016-2024
In Million Ton PT IPC 120 120 PT BAP CAT HTR / IER 100 100 Gasifikasi PUSRI PLTU LN 80 Anak Perusahaan 80 PLTU Pertalian Tambang Akuisisi PLTU Sumsel 9/10 60 Konsumsi PLTU LN 60 PLTU Sumsel 8 Peranap PLTU Banjarsari II 40 Banteng B 40 PLTU Banjarsari I Banteng A PLTU Bukit Asam & Semen Baturaja 20 U
Slide 25: Disclaimer
Disclaimer: This presentation contains forward-looking statements based on assumptions and forecasts made by PT Bukit Asam (Persero) Tbk management. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are
PT Bukit Asam (Persero) — Investor Presentation (July 2016) on 6ix