PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — Investor Presentation (December 2015)
24 slides from PT Bukit Asam (Persero) Tbk's investor presentation, December 2015
Slide 1: Corporate Presentation December 2015
www.ptba.co.id Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA
Slide 2: Table of Contents
Table of Contents 1. Introduction 2. Operating Review 3. Commercial Review 4. Financial Review 5. Development Projects Appendices
Slide 3: Introduction: Company's Key Milestones
Introduction Company’s Key Milestones 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 colo
Slide 4: Operating Review: Performance Highlights
Operating Review Performance Highlights FY14(A) 1Q15(A) 2Q15(A) 3Q15(E) 9M14(A) 9M15(A) YoY(A) a b c d e f f/e SALES VOLUME (MT) 18.0 4.58 4.45 5.31 13.24 14.35 +8% PRODUCTION (MT) 16.4 3.26 5.06 5.76 12.47 14.08 +13% TRADING/PURCHASE (MT) 1.8 0.44 0.38 0.35 1.40 1.17 -16% RAILWAY CAPACITY (
Slide 5: Operating Review: Current Operations
Operating Review Current Operations Mining Business License (IUP) Total Resources 7.29 billion tons Tanjung Enim Mine 66,414 Ha Ombilin Mine 2,950 Ha Total Mineable Reserves 1.99 billion tons Peranap Mine 18,230 Ha PERANAP MINE IPC Mine 3,238 Ha Recources : 0.79 billion tons Mineable : 0.37 billion
Slide 6: Operating Review: Coal Resources
Operating Review Coal Resources Total: 7.29 bn tons Bituminous; 2,7% Coal Mineable Reserves Total: 1.99 bn tons Bituminous; 3,0% Lignite; 34,2% Lignite; Sub-bituminous; 48,2% 49,1% Sub-bituminous; 62,8% Parameter BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) < 18 18 -30 > 35 CV (KCal/Kg adb) > 6,400 4
Slide 7: Commercial Review: Global Coal Review
Commercial Review Global Coal Review Source: JP Morgan Update Coal August 2015
Slide 8: Commercial Review: Domestic Coal Review
Commercial Review Indonesian Domestic Demand Vs Exports (Mt) Domestic Coal Primary Energy Mix (%) Review 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
Slide 9: Financial Review: Costs & Prices
Financial Review Costs & Prices Total Cash Cost (FOB) 9M15 Total Cost Breakdown Tanjung Enim FY14(A) 9M14(A) 9M15(A) YoY Sales Expense Environmental 1% System *) 1% Adm & Ex Royalty (IDR) 585,075 584,281 516,664 -12% Salaries & Gen Wages Depreciation & Expense Others Amortization 2% 12% Fuel Heavy T
Slide 10: Financial Review: Coal Brand & Sales Breakdown
Financial Review Coal Brand & Sales Breakdown Coal Type by Quality Coal Brand CV TM IM Ash VM FC TS max HGI 9M15 Sales Breakdown by Country Kcal/Kg,adb Kcal/Kg,ar %,ar %,adb %,adb %,adb %,adb %,adb IPC 53 5,300 - 34 15 8 39 40 0.5 - BA 55 5,500 4,550 30 15 8 39 38 0.8 50 BA 59 5,900 5,000 28 14 6 39
Slide 11: Financial Review: Financial Ratios
Financial Review Financial Ratios Gross Profit Margin Operating Profit Margin Net Profit Margin 32% 28% 19% 17% 16% 14% 9M14(A) 9M15(A) 9M14(A) 9M15(A) 9M14(A) 9M15(A) 54 50 46 44 40 35 31 31 31 30 29 29 25 25 19 18 16 15 7% -8% 4% -6% -13% 8% -11% 6% -4% -12% -1% 6% -5% 4% -4% -9% -1% 2009 2010 201
Slide 12: Financial Review: PTBA Vs Global & Local Peers
Financial Review PTBA Vs Global & Local Peers 31.3 22,68 19.4 13.6 10.6 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 -3.8 GPM OPM NPM YZC :Yanzhou Coal Mining GLEN LN: Glencore PLC.(London) ACI : Arch Coal Inc. – USA (NYSE) SCC PM:
Slide 13: Financial Review: Summary Financial Performance
Financial Review Summary Financial Performance (IDR Tn) FY14(A) 9M14(A) 9M15(A) YoY Sales 13.077 9.656 10.501 +9% COGS 9.056 6.589 7.538 +14% EBITDA 2.870 2.241 2.352 +5% Net Income 2.016 1.582 1.505 -5% Assets 14.812 14.049 16.158 +15% Cash 4.039 4.436 4.119 -7% Net Profit Margin (NPM) 15% 16% 14%
Slide 14: Distribution Infrastructures Development
Distribution Infrastructures Development 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
Slide 15: Power Plants Development
Power Plants Development 800-1200MW Power Plant - Location : Peranap Riau - Coal Cons. : 8.4 M tpa - COD : 2020 3x600MW Sumsel 9&10 PP - Location : Muara Enim - Coal Cons. : 8.4 M tpa - COD : 2019 2x620MW Power Plant - Location : Central Banko - Coal Cons. : 5.4 M tpa - COD : 2019 2x110MW Power Plan
Slide 16: Development Projects: Production Infrastructures & CBM
Development Projects Production Infrastrucures & CBM 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
Slide 17: Development Projects: Power Plants
Development Projects Power Plants The Plant Status 2x110MW Banjarsari Power • PTBA (59.75%), PJB (29.15%), NII (11.10%) Plant • Investment of USD350 Mn • Coal Consumption: 1.4 M tpa • In operation since June 2015 2x620MW Banko Tengah • PTBA (45%), China Huadian Hong Kong Company Ltd (55%) (Sumsel 8)
Slide 18: Long Term Domestic Commitment
Long Term Domestic Commitment 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 Inno
Slide 19: Appendix: Tarahan Coal Terminal
Appendix Tarahan Coal Terminal • 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) R
Slide 20: Appendix: PTBA Structure
Appendix PTBA Structure 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 7.29 billion tons and 1.99 billion to
Slide 21: Appendix: Shareholders Information
Appendix Shareholders Information The Top Forty Four Shareholders of PTBA as of 30 November 2015 NO Shareholder Number % 1 NEGARA REPUBLIK INDONESIA 1.498.087.500 65,02 Treasury Stock; 2 TAMBANG BATU BARA BUKIT ASAM (PERSERO), 3 BPJS KETENAGAKERJAAN-JHT 181.271.500 53.376.000 7,87 2,32 7,87% 4 PT TA
Slide 22: Appendix: Production, Sales, Index and Coal Price Charts
Appendix Production Vs Sales 2002 - 2014 Index Movement Nov’10 – Nov’15 17,8 18,0 6000 27500 16,4 5500 25000 15,3 15,1 Sales Production 5000 22500 13,4 13,9 12,9 4500 20000 12,7 12,4 12,9 12,5 4000 11,6 17500 3500 10,0 10,8 10,8 15000 9,5 9,9 9,6 9,9 3000 9,5 9,8 9,5 9,2 9,2 12500 9,1 2500 10000 200
Slide 23: Appendix: Projected Coal Production 2015–2024
Appendix Projected Coal Production 2015 – 2024 (Mt) 100 95 In Million Ton 90 85 80 75 70 65 60 55 50 45 40 35 30 25 20 15 10 5 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Current TE System Central Banko A Central Banko B Acquisition Mines Acquisition/TE System Peranap Subsidiary
Slide 24: 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
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