PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — PT Tambang Batubara Bukit Asam (Persero) — Investor Presentation (May 2010)
20 slides from PT Bukit Asam (Persero) Tbk's investor presentation, May 2010
Slide 1: Corporate Presentation May 2010
Bukit Asam CORPORATE PRESENTATION May 2010 1
Slide 2: Introduction
INTRODUCTION •Highlights •Overview •Financial and Commercial Performance •Growth Options 2
Slide 3: Highlights
HIGHLIGHTS mated BukitAsam
Slide 4: Highlights
Highlights Revenue (IDR Trillions) % YoY 9,0 2010(F) 3M10 3M09 7,2 Sales volume 15.6 million tons 3.2 million tons 2.8 million tons +14 % 4,1 3,5 3,0 Production Volume 14.0 million tons 2.6 million tons 2.8 million tons -8% Coal transportation 11.5 million tons 2.5 million tons 2.6 million ton
Slide 5: Overview
mated BukitAsam
Slide 6: Mining Authorizations (KP)
MINING AUTHORIZATIONS (KP) Tanjung Enim Mine : 66,414 Ha Total Resources : 7.29 billion tons Ombilin Mine : 3,950 Ha Total Mineable Reserves : 1.99 billion tons Peranap/Cerenti Mine : 17,100 Ha IPC Mine : 3,238 Ha TOTAL : 90,702 Ha PERANAP/CERENTI MINE Recources : 0.79 billion tons Mineable : 0.37 b
Slide 7: Coal resources by type: bituminous, sub bituminous, lignite
0.20 bn tons 0.06 bn tons 0.68 bn tons 3.51 bn tons 3.58 bn tons 1.25 bn tons *) BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) : < 18 TM (% ar) : 18 -30 TM (% ar) : > 35 CV (Kkal/Kg adb) : > 6,400 CV (Kkal/Kg adb) : 4,900 – 6,400 CV (Kkal/Kg adb) : < 4,900 (Kkal/Kg ar) : 5,800 – 7.950 (Kkal/Kg ar) : 4
Slide 8: World Demand, Asian Demand 2010, Spot & Term Contract Price
World Demand Asian Demand 2010 400 31.96% 300 20.80% 200 15.91% 11.16% 100 4.88% 4.70% 3.35% 2.98% 4.25% 0 Japan South Taiwan India Malaysia Thailand China Hong Others 2007 2008 2009(f) 2010(f) Korea Kong Asia Europe Americas Mediteranean Source : McCloskey Issue 54, November 2009 Source : McCloskey
Slide 9: Projected Indonesian Coal Supply & Demand, National Energy Policy
Projected Indonesian Coal Supply & Demand National Energy Policy (Million tons) 405 1% MFO (Marine 4% 3% 361 6% 4% Pumped Fuel Oil) 321 6% 5% Storage Hydro 14% LNG 250 16% 230 209 14% HSD (High 181 189 Geothermal Speed Diesel) 162 175 196 25% 172 Hydro 140 HSD (High Speed Diesel) Geothermal 68 75 Ga
Slide 10: Financial and Commercial Performance
Financial and Commercial Performance 10
Slide 11: Cost & Price
Cost & Price Total Cash Cost (FOB) Composition of Total Cost 3M10 Salaries/Wages Royalty 16% *) 8% FY09 3M09 3M10 %YoY Spare Parts 3% Fuel Tanjung Enim 375,848 366,020 373,723 +2% 3% System*) (IDR) Railway Service Electricity “or” 39.98 31.62 41 +30% 23% 1% *) (USD) Currency : 1 USD= IDR 9,400 IDR 1
Slide 12: Financial Ratio (%)
Financial Ratio (%) GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) 101% 3% 1% 23% 51% 21% 3% 2% 6% 22% 101% 3% 1% 23% 51% 75% 3% 12% 34% 29% 3% 2% 6% 22% 11% 3% 1% 23% 51% 15% 3% 12% 34% 29% 29% 3M10 vs 3M09 36% 53% 47% 12
Slide 13: Sales Distribution
Sales Distribution Coal Brand Coal Sales Distribution 3M10 per country CV Coal TM IM Ash VM FC TS (Kcal/Kg Brand (%, ar) (%,adb) (%,adb) (%,adb) (%,adb) (%,adb) , adb) BA 58 5.800 28 15.0 8.0 40 37.0 0.8 Sub BA 59 5.900 28 14.0 8.0 40 37.5 0.8 Bituminous BA 63 6.300 22 10.5 7.0 40 43.0 0.8 BA 67 6.7
Slide 14: PTBA vs Coal Listed Co's
PTBA vs Coal Listed Co’s Gross Profit Margin (GPM) Operating Profit Margin (OPM) Net Profit Margin (NPM) 70% 60% 54.1% 50% 36.00% 40.98% 39.7% 40% 38% 34% 24.9% 34.5% 29% 29.0% 30.5% 30% 22% 22.7% 20% 20% 4.7% 16.21% 17.7% 14.7% 10% 1.8% 6% 7.0% 0% BYAN BUMI ADRO ITMG INDY PTBA AVERAGE Based on Fina
Slide 15: Growth Options
GROWTH OPTIONS
Slide 16: Projects
Projects Existing Railway Project New Railway Project Project objective : increase capacity to 22.7 million tons / annum Capacity : 25.0 million tons / annum Parties : PTBA and PTKA Parties : PTBA; Transpacific Railway Infrastructure; TE – Tarahan : 416.6 Km China Railway Engineering TE-K
Slide 17: Projects: Existing and New Railway
Projects EXISTING RAILWAY PROJECT (TANJUNG ENIM - TARAHAN PORT & KERTAPATI PIER) Current Condition : Existing South Sumatera Railway owned and operated by PT KA, which is a state owned railway company. Status : To accelerate transportation volume growth, in October 2009 PTBA and PTKA signed a new Co
Slide 18: Projects: Mine Mouth Power Plants
Projects BANJARSARI MINE MOUTH POWER PLANT PROJECT (2x100 MW) Location : Tanjung Enim mine Status : - Financing from Bank Mandiri - EPC contractor by CNEEC - Proposal to PLN for re-negotiation electricity tarif has been submitted. Parties : PTBA (59.75%), PJB (29.15%), NII (11.10%) Coal Consumption
Slide 19: Projects: Coal Bed Methane
Projects COAL BED METHANE Location : Tanjung Enim mine Status : - Production Sharing Contract between consortium and government signed in August 2009 - Work Program and Budget proposal already submitted to government - Joint Operation Agreement is in process. Parties : PTBA (27.5%), Pertamina (27.5%
Slide 20: PT. Tambang Batubara Bukit Asam
PT. TAMBANG BATUBARA BUKIT ASAM Contact :Investor Relations Address :Menara Kadin, 15th floor, Jl. Rasuna Said, Blok X-5 Kav. 2 & 3, Jakarta 12950, Indonesia Telephone :+62 21 5254014 Fax :+62 21 5254002 E-mail address :[email protected] Website :www.ptba.co.id <Disclaimer> The views expressed
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