PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — Investor Presentation (November 2016)
26 slides from PT Bukit Asam (Persero) Tbk's investor presentation, November 2016
Slide 1: Corporate Presentation 9M 2016
KINERJA UNGGUL BERKELANJUTAN Excellent Competitive Advantages CORPORATE PRESENTATION 9M 2016 www.ptba.co.id Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA PT.Bukit Asam (Persero), Tbk.
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: 9M 2016 Operational and Financial Highlights
FY15(A) FY16(E) 9M15(A) 9M16(A) YoY % a b c d d/c SALES VOLUME (MT) 19.10 23.08 14.35 15.14 +5.5% PRODUCTION (MT) 19.28 19.95 14.08 12.98 -7.8% TRADING/PURCHASE (MT) 1.46 1.85 1.17 1.04 -11.1% RAILWAY CAPACITY (MT) 15.80 19.12 11.94 12.68 +6.2% REVENUES (IDR TN) 13.73 xx.x 10.50 10.04 -4.4
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 Quality Classification
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 Price Forecasts and Demand
Commerce Thermal coal price forecasts (nominal, US$/t) Spot ———Anaryst Consensus. J.P. Moraan ——— Wooamackenzie Broker range 900” percentile Tota! cash cost 2016E: US$59t cs hated BukitAsam Global Coal Review Met coal price forecasts (nominal, US$/t) ——.P-. Morgan ——— WeeaMackenzie 90" percentile to
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: Total Cash Cost and Average Selling Price
Total Cash Cost (FOB) 9M16 Total Cost Breakdown Depreciation & Fuel, 2.0% Oil Lubricant and… Tanjung Enim 9M16 9M15 YoY Amortisation, 4.0% Traveling and System *) training, 1.0% Salaries & Wages, Spareparts/Material,… Ex Royalty (IDR) 528.951 516.664 +2,4% Railway Service; 28.0% 13.0% Thridparty ser
Slide 10: Coal Type by Quality and Sales Breakdown
Coal Type by Quality 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
Slide 11: Gross, Operating and Net Profit Margin
Gross Profit Margin Operating Profit Margin Net Profit Margin 28 24,3 17 12,3 14 10,5 9M15 9M16 9M15 9M16 9M15 9M16 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
24.22 13.78 18.48 12.69 5.81 YZC ACIIQ BYAN BTU SCC COAL IN 1088 HK ITMG HRUM ADRO GLEN LN RIO AU BHP AU BUMI PTBA 2.33 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 Ltd –INR 1080 HK: China Sh
Slide 13: MSCI ESG Rating A
Assessment to PTBA with RATING “A” for performance and going concern on perspective of ENVIRONMENTAL, SOCIAL AND GOVERNANCE by Morgan Stanley Capital International (MSCI)
Slide 14: Ranked First in Emissions and 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 Port Logistics
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
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: Project Status: Railway and Coal Bed Methane
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 75 Mtpa BATR – Newly • Tanjung Enim – New Coal Terminal in Lampung (280km) Developed Railway • PTBA (10%), Rajawal
Slide 18: Power Plant Status
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 • Investment of USD1.
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: 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) 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: Top Forty Shareholders as of Oct 31, 2016
The Top Forty Shareholders as of Oct 31st, 2016 NO. URUT NAMA INVESTOR JUMLAH PERCENTAGE 1 TAMBANG BATU BARA BUKIT ASAM (PERSERO), Tbk PT 196,056,700.00 8.51 2 BPJS Ketenagakerjaan-JHT 53,376,000.00 2.32 Foreign, Treasury 3 PT Taspen (Persero) - THT 35,516,000.00 1.54 10.51% Stock, 8.51% 4 PT. PRUDE
Slide 23: Sales, Production, Revenues and Net Income History
19.1 19.3 JCI JAKMINE PTBA 17.8 18.0 6000 30000 Sales Production 16.4 15.3 15.1 5000 25000 13.4 13.9 12.9 4000 20000 12.7 12.4 12.9 12.5 11.6 10.0 10.8 10.8 3000 15000 9.5 9.9 9.6 9.9 9.5 9.8 9.5 9.2 9.2 9.1 2000 10000 1000 5000 0 0 20022003200420052006200720082009201020112012201320142015 13.73 13.1
Slide 24: Coal Sales Volume Projection (Million Ton)
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: Share Price and Coal Index Performance
160 In Million Ton 140 120 100 80 60 40 20 0 9-Dec-11 4-Dec-15 1-Apr-11 27-Mei-11 13-Jan-12 09-Mar-12 5-Apr-12 04-May-12 11-Jan-13 5-Apr-13 31-May-13 10-Jan-14 4-Apr-14 30-May-14 30-Jan-15 27-Mar-15 22-May-15 9-Oct-15 6-Nov-15 29-Jan-16 24-Mar-16 20-May-16 7-Oct-16 16-Sep-11 10-Feb-12 21-Sep-12 20-S
Slide 26: Disclaimer and For More Information
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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