PT Bukit Asam (Persero) Tbk · IDX:PTBA

PT Bukit Asam (Persero) Tbk — Investor Presentation (April 2013)

19 slides from PT Bukit Asam (Persero) Tbk's investor presentation, April 2013

  1. Slide 1: Contents

    Contents 1. Introduction 2. Operational Review 3. Financial & Commercial Review 4. Projects Development 01

  2. Slide 2: Our Vision: A World Class Energy Company

    Our Vision: “A World Class Energy Company That Care About The Environment” Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA Corporate Presentation - April 2013

  3. Slide 3: Highlights of Corporate Performance

    Introduction Highlights of Corporate Performance FY13(F) %YoY 12M11 12M12 %YoY  Sales volume (mn ton) 20.6 34% 13.5 15.3 13.3%  Production Output (mn ton) 18.0 29% 12.9 13.9 7.8%  Railway Capacity (mn ton) 15.6 31% 11.5 11.9 3.5%  Revenues (IDR tn) ‐ ‐ 10.6 11.6 9.4%  Net Profit (IDR tn) ‐ ‐ 3.

  4. Slide 4: Operational Review: Mines & Ports

    Operational Review Mines & Ports MINING PERMITS (IUP) Total Resources 7.29 billion tons Tanjung Enim Mine 66,414 Ha Total Mineable Reserves 1.99 billion tons Ombilin Mine 2,950 Ha Peranap Mine 18,230 Ha PERANAP MINE Recources : 0.79 billion tons IPC Mine 3,238 Ha Mineable : 0.37 billion tons Total 9

  5. Slide 5: Coal Resources & Reserves

    Operational Review Coal Resources & Reserves 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 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 04

  6. Slide 6: Global Market Outlook

    Operational Review Global Market Outlook Source : Wood Mackenzie Coal Market Service, February 2012 Source : Wood Mackenzie Coal Market Service, February 2012 Spot & Term Contract Price Global Index on 01 Mar 2013 = USD 93.25 ICI 6.500 GAR on 01 Mar 2013 = USD 94.26 ICI 5.800 GAR on 01 Mar 2013 = US

  7. Slide 7: Domestic Market Outlook

    Operational Review Domestic Market Outlook National Energy Policy Projected Indonesian Coal Supply & Demand 5.2% Oil (Million tons) 25.9% Nat.gas 342 405 Coal 24% 337 317 332 361 Water Geothermal 30.7% 252 254 Renewable 234 250 191 220 CTL 20% 185 Biofuel 170 20% 67 82 85 88 49,7% 2011 2012 2013 201

  8. Slide 8: Cost & Price

    Financial & Commercial Review Cost & Price Proportion of FY12 Total Cost Total Cash Cost (FOB) FY11 FY12 %YoY Tanjung Enim System*) Rental of heavy Coal Purchase Raillway service equipments Electricity 9% 23% Ex Royalty (IDR) 414,383 438.232 +6% 8% 1% Spare parts 2% Fuel Total (IDR) 464,353 485.060

  9. Slide 9: Financial Ratio (%)

    Financial & Commercial Review Financial Ratio (%) GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) 54.1 48.9 50 39.7 34.6 35 46.2 29.1 31 30.5 44 29 23.7 25.4 25 40 22.9 18.4 3% 1% 23% 51 2% 6% 22% 15% 8% 12% 1% 23% 51% 27% 20% 11% 12% 34% 29% 17% 14% 14% 2007 2008 2009 2010

  10. Slide 10: Coal Brand & Sales Distribution

    Financial & Commercial Review Coal Brand & Sales Distribution Coal Brand FY12 Coal Sales Distribution by Country Taiwan CV TM IM Ash VM FC TS max Coal Brand HGI 14.5% Kcal/Kg,adb Kcal/Kg,ar %,ar %,adb %,adb %,adb %,adb %,adb IPC 53 5,300 ‐ 34 15 8 39 40 0.5 ‐ China BA 55 5,500 4,550 30 15 8 39 38 0.

  11. Slide 11: PTBA among Global & Local Peers

    Financial & Commercial Review PTBA among Global & Local Peers 40.8% 25.4% 24.7% 22.6% 12.7% 6.6% ACI BYAN BTU BUMI YZC ITMG BRAU HRUM ADRO PTBA AVERAGE GROSS_MARGIN OPER_MARGIN NET_MARGIN ACI : Arch Coal Inc. – USA (NYSE) ADRO : PT Adaro Energi – IDX HRUM : PT Harum Energi – IDX BRAU : PT Berau coal

  12. Slide 12: Financial Performance

    Financial & Commercial Review Financial Performance Description FY11 FY12 (%) YoY (IDR mn) Sales 10,581.57 11,594.06 110% COGS 5,302.59 6,505.93 122% EBITDA 4,204.83 4,011.54 95% Net Income 3,085.83 2,900.11 94% Assets 11,510.26 12,728.99 111% Cash 6,791.29 5,917.03 87% (%) Net Margin 29 25 86% Retu

  13. Slide 13: Projects Location

    Projects Development Projects Location Coal Bed Methane (CBM) - Capacity : ± 40 MMSCF/day Tanjung Api-api Port - Expect. COD : 2014 Power Plant – Bukit Asam Railway Project (New) - Adani - Capacity : 4 x 65 MW - Capacity : 35.0 M tpa - Coal Cons. : 1 M tpa - Distance : 270 Km - Since : 1987 - Status

  14. Slide 14: Railway Projects

    Projects Development Railway Projects PT KA – Existing Railway BATR ‐ New Railway Project Adani ‐ New Railway Project (BukitAsam Transpacific Railway) Tanjung Enim – Tarahan Port (410 Km) Location Tanjung Enim – New Port in Lampung (280 Km) Tanjung Enim – New Port in Tanjung Api Api (270 Km) Tanjung

  15. Slide 15: Infrastructure Expansion & CBM Projects

    Projects Development Infrastructure Expansion & CBM Projects Production Infrastructure Expansion Coal Bed Methane (CBM) Location Tanjung Enim / Kertapati port / Tarahan port Tanjung Enim Shareholders PTBA (100%) PTBA (27.5%), Pertamina (27.5%), Dart Energy (45%) To increase and expand the existing c

  16. Slide 16: Mine Mouth Power Plant Projects

    Projects Development Mine Mouth Power Plant Projects Banjarsari Banko Tengah Peranap Mine Mouth Power Plant Mine Mouth Power Plant Mine Mouth Power Plant Location Tanjung Enim Mine Tanjung Enim Mine Peranap Riau Objective To underpin the coal based energy company To underpin the coal based energy co

  17. Slide 17: Small Scale Power Plant Projects

    Projects Development Small Scale Power Plant Projects Power Plant For Internal Use Power Plant For Internal Use Location Tanjung Enim Tarahan Port Objective Efficiency and Cost Reduction Efficiency and Cost Reduction ‐ First Firing of Unit on 1 November 2011 Completion progress up to March 2013: 85%

  18. Slide 18: For Further Information / Disclaimer

    Contact : Hendri Rudiawan For Further Information: Position : Head of Investor Relations Address : PT Bukit Asam (Persero) Tbk Menara Kadin, 15th Foor, Jl. Rasuna Said, Blok X‐5 Kav. 2 & 3, Jakarta 12950, Indonesia Telephone : +62 21 5254014 Facsimile : +62 21 5254002 E‐mail : [email protected]

  19. Slide 19: Appendix: Expanded Development of Tarahan Port in 2013

    Appendix THE EXPANDED DEVELOPMENT OF TARAHAN PORT IN 2013 Note: TOTAL STOCKPILE will be 860,000 tons in 2013 Stockpile 1 = 60,000 tons Stockpile 4a = 150,000 tons Stockpile 2 = 250,000 tons Stockpile 4b = 150,000 tons Stockpile 3 = 250,000 tons 18

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