PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — Q1 2017 Earnings Presentation
24 slides from PT Bukit Asam (Persero) Tbk's earnings presentation, April 2017
Slide 1: Corporate Presentation Q1 2017
CORPORATE PRESENTATION Q1 2017 www.ptba.co.id 021-5254014 Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA 1
Slide 2: Contents
Contents 1. Introduction 2. Operating Review 3. Commercial Review 4. Financial Review 5. Development Projects Appendices PT Bukit Asam (Persero) Tbk www.ptba.co.id 2
Slide 3: Introduction: Company's Key Milestones
Introduction Company’s Key Milestones - Indonesia’s Oldest and Most Experienced Coal Producer PTBA was PN TABA was converted publicly listed on During the into a limited the Jakarta Stock Dutch colonial corporation and its Exchange with period, the first name changed to PT 35% of shares open-pit at
Slide 4: Operating Review: Performance Highlights
Operating Review Performance Highlights FY17 (E) a 3M17 b 3M16 c YoY % b/c SALES VOLUME (MT) 27.28 5.44 5.23 104% PRODUCTION (MT) 24.06 4.49 3.26 137% TRADING/PURCHASE (MT) 3.02 0.05 0.41 12% RAILWAY CAPACITY (MT) 21.70 4.99 4.28 117% REVENUES (IDR TN) xx.x 4.55 3.54 128% NET PROFIT (IDR
Slide 5: Operating Review: Current Operations
Operating Review Current Operations Total Resources 8.27 billion tons Mining Business License (IUP) Total Mineable Reserves 3.33 billion tons Tanjung Enim Mine 66,414 Ha PERANAP MINE IPC MINE Ombilin Mine 2,950 Ha Resources : 0.67billion tons Resources : 0.024 billion tons Mineable : 0.29 billion to
Slide 6: Operating Review: Coal Resources and Reserves
Operating Review Coal Resources Total: 8.27 bn tons 2.7% Coal Mineable Reserves Total: 3.33 bn tons 3.0% 48.2% 34.2% 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 –
Slide 7: Commercial Review
Commercial Review 9.000 8.000 7.000 Colombia 6.000 Russia 5.000 South Af rica Mt Australia 4.000 US 3.000 Indonesia 2.000 India China 1.000 - 2010 2015 2020 2025 2030 2035 NEA : North East Asia (Japan, Taiwan, South Korea), SEA : South East Asia (Malaysia, Thailand, Philippines, Vietnam), RoW : Rest
Slide 8: Indonesia Coal Production and Sales, Energy Mix
Commercial Review Indonesia Coal Production and Sales National Energy Mix Coal Gas Oil Renewable Energy Total Domestic Coal Consumption by Sector Source: Statistics Indonesia and Directorate General of MINERBA, 2016 PT Bukit Asam (Persero) Tbk www.ptba.co.id 8
Slide 9: Financial Review: Cash Cost and ASP
Financial Review Total Cash Cost (FOB) 3M17 Total Cost Breakdown Depreciation & Amortisation; Heavy Equipment Rent, Material &Suppleis, 0.9% Tanjung Enim 3M17 3M16 YoY 2.9% 2.7% Boat transportation, 3.2% System *) Salaries & Wages, 11.5% Contribution CSR, 0.8% Railway Service; Thridparty services, 2
Slide 10: Financial Review: Coal Quality and Sales Breakdown
Financial Review CV TM IM Ash VM FC TS max Ash Fusion Temperatures (oC) Coal Brand Deforma- Hemi- HGI Kcal/Kg, adb Kcal/Kg,ar %,ar %,adb %,ar %,ar %,ar %,adb Spherical Flow tion sphere IPC 53 5,300 - 34 15 8 39 40 0.5 - - - - - BUKITASAM – 45 5,464 4,500 30 15 6 35 29 1.0 1216 1246 1384 1413 52 BUKI
Slide 11: Financial Review: Profit Margins
Financial Review Gross Profit Margin Operating Profit Margin Net Profit Margin 30.7 31.3 17.8 18 14.7 14.4 FY15A FY16 FY15A FY16 FY15 FY16 50 46 44 35 31 30 30.7 31.3 29 31 29 25 25 19 17.8 18 16 16 14.7 14.4 14 2010 2011 2012 2013 2014 2015 2016 2010 2011 2012 2013 2014 2015 2016 2010 2011 2012 201
Slide 12: PTBA Vs Global & Local Peers
Financial Review PTBA Vs Global & Local Peers 48.7 29.79 26.85 17.01 14.34 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 AVERAGE -1.17 YZC :Yanzhou Coal Mining GLEN LN: Glencore PLC.(London) ACI : Arch Coal Inc. – USA (NYSE) SCC PM:
Slide 13: Distribution Infrastructures Development & CBM
Development Projects Distribution Infrastructures Development & CBM Coal Bed Methane (CBM) Ombilin - Potential Reserve : 0.4 TCF Double Tracks Coal Bed Methane (CBM) Single Track with Crossing Sections Tanjung Enim - Potential Reserve : 0.8 TCF Tanjung Enim Mine with Prajin the installed production
Slide 14: Power Plants Development
Development Projects Power Plants Development TOTAL CFPP CFPP 800-1200MW > 5.000 MW - Location : Peranap Riau - Coal Consumption : 8.4 mtpa - COD : 2020 CFPP 2x350 MW - Location : Kuala Tanjung - Coal Consumption : 3 mtpa 3x600MW Sumsel 9&10 - COD : 2021 - Location : Muara Enim - Coal Consumption :
Slide 15: Development Projects: Railway Status
Development Projects P Project Status Upgraded Existing • Capacity of 75 Mtpa (MoU PTBA – PTKAI 2016) Railway Line • 100% owned & operated by State Railway Company, PT KAI • Tanjung Enim – Tarahan Port, Lampung (25 MTPA, Year 2019) • Tanjung Enim – Kertapati Port, South Sumatra (5 MTPA, Year 2019) •
Slide 16: Development Projects: Power Plant Status
Development Projects The Plant Status 2x110MW Banjarsari Power Plant • PTBA (59.75%), PJB (29.15%), NII (11.10%) • Investment of USD350 Mn • Coal Consumption: 1.4 M tpa • In operation since June 2015 2x620MW Banko Tengah (Sumsel • PTBA (45%), China Huadian Hong Kong Company Ltd (55%) 8) Power Plant
Slide 17: Long Term Domestic Commitment
Appendix Long Term Domestic Commitment Having A Total Long Term Coal Supply with: Committed Volume o PLN (2010 – 2030) : 262 Mt o Indonesia Power (2013 – 2022) : 52 Mt o Huadian Bukit Asam Power (25 Years) : 150 Mt o Bukit Pembangkit Innovative (30 Years) : 36 Mt o Indonesia Fertilizer (30 Years)
Slide 18: Appendix: Port Facilities
Appendix Appendix • 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 C
Slide 19: PTBA Structure
Appendix PTBA Structure PTBA PTBA operates a fully integrated large coal The Indonesian Government mining in Tanjung Enim ( South Sumatera), owns 65% of Total Shares Ombilin (West Sumatera), Peranap (Riau), and East Kalimantan with Total Resources & The Subsidiaries: Reserves are 8.27 billion tons a
Slide 20: Top Forty Shareholders
Appendix The Top Forty Shareholders as of MAR 31st, 2017 NO SHAREHOLDER SHARES PERCENTAGE 1 NEGARA REPUBLIK INDONESIA 1,498,087,500 65.0174381 2 PT TAMBANG BATU BARA BUKIT ASAM (PERSERO) 196,056,700 8.5089184 Domestic, 3 BPJS KETENAGAKERJAAN - JHT 53,376,000 2.3165341 19.3% 4 PT TASPEN (PERSERO) - T
Slide 21: Production, Sales, Revenue and Net Income
Appendix JCI JAKMINE PTBA 6000 25000 Production Sales 20.8 19.3 19.1 19.6 17.8 18.0 5000 20000 16.4 15.3 15.1 4000 13.9 12.9 13.4 15000 3000 10000 2000 5.4 5000 1000 4.5 0 0 2/01/2012 2/01/2013 2/01/2014 2/01/2015 2/01/2016 2/01/2017 14.10 13.73 2011 2012 2013 2014 2015 2016 Q1 2017 13.10 11.59 11.2
Slide 22: Coal Sales and Allocation
Appendix In Million Ton Coal Sales Coal Allocation 40 40.00 PLTU Halmahera Timur PT IPC 35 35.00 PT IPC PT BAP 30 30.00 PT BAP Tambang Peranap → Peranap/Riau PLTU Riau 1/RPE 25 1 25.00 PLTU Kuala Tanjung 20 Banko Tengah Blok A → Sumsel 20.00 8/9/10 KAI Tanjung Enim - Prajen 15 UPTE/MTB →Banjarsari,
Slide 23: Coal Price Index Movement 2011-2017
Appendix Coal Price Index Movement 2011- 2017 160 140 120 100 80 60 40 20 0 11-Nov-11 16-Nov-12 15-Nov-13 14-Nov-14 06-Nov-15 7-Okt-16 4-Nov-16 2-Des-16 24-Juni 11 14-Dec-12 07-Jan-11 13-Jan-12 01-Jun-12 29-Jun-12 11-Jan-13 28-Jun-13 10-Jan-14 27-Jun-14 02-Jan-15 30-Jan-15 19-Jun-15 29-Jan-16 17-Jun
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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