PT Bukit Asam (Persero) Tbk · IDX:PTBA

PT Bukit Asam (Persero) Tbk — Investor Presentation (February 2016)

24 slides from PT Bukit Asam (Persero) Tbk's investor presentation, February 2016

  1. Slide 1: PTBA Company Presentation

    www.ptba.co.id Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA

  2. Slide 2: Bukit Asam

    fo BukitAsam

  3. 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

  4. Slide 4: Operational and Financial Highlights FY2015

    FY14(A) 1Q15(A) 2Q15(A) 3Q15(A) 4Q15(A) FY15(A) YoY % FY16(E) a b c d e f f/a  SALES VOLUME (MT) 18.0 4.58 4.45 5.31 4.76 19.10 +6% 29.1  PRODUCTION (MT) 16.4 3.26 5.06 5.76 5.20 19.28 +18% 25.7  TRADING/PURCHASE (MT) 1.8 0.44 0.38 0.35 0.29 1.46 -19% 2.5  RAILWAY CAPACITY (MT) 14.8 3.59 3.88 4.

  5. 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

  6. Slide 6: Coal Resources by Rank

    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

  7. Slide 7: Source: JP Morgan Update Coal August 2015

    Source: JP Morgan Update Coal August 2015

  8. 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

  9. Slide 9: Total Cash Cost, Strip Ratio and Average Selling Price

    Total Cash Cost (FOB) FY15(A) Total Cost Breakdown Tanjung Enim FY14(A) FY15 (A) YoY Fuel, 1% Electricity use System *) Environmental, 1% alone, 1% Others, 3% Material, 2% Ex Royalty (IDR) 585,075 493,764 -16% Depreciation, 2% Heavy Equipment Travelling, 1% Total (IDR) 630,293 538,566 -15% Salaries,

  10. Slide 10: Coal Type by Quality and 2015 Sales Breakdown

    Coal Type by Quality Coal Brand CV TM IM Ash VM FC TS max HGI 2015 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 45 5,464 4,500 30 15 6 35 29 0.6 52 BA 55 5,500 4,550 30 15 8 39 38 0.8 50 BA 59 5,900 5,000 28 14 6 39 40 0.6

  11. Slide 11: Gross, Operating and Net Profit Margins

    Gross Profit Margin Operating Profit Margin Net Profit Margin 30% 30% 16% 18% 15% 14% FY14 A FY15 A FY14 A FY15 A FY14 A FY15 A 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

  12. Slide 12: Margin Comparison with Coal Peers

    30.75 22.26 17.84 16.14 11.25 5.82 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 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 Ind

  13. Slide 13: Financial Summary FY14-FY15

    (IDR Tn) FY14(A) FY15(A) YoY(A) Sales 13.077 13.733 +5% COGS 9.155 9.593 +5% EBITDA 2.678 3.184 +19% Net Income 1.863 2.037 +9% Assets 14.860 16.894 +14% Cash 4.039 3.115 -23% Net Profit Margin (NPM) 14% 15% +9% Return On Asset (ROA) 13% 12% -4% Return On Equity (ROE) 22% 22% 0% Return On Investment

  14. Slide 14: Tanjung Enim Rail and Port Infrastructure

    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

  15. Slide 15: 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

  16. Slide 16: Infrastructure Project Status

    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 2.944 Wagons and 106 Locomotives, including 600 new

  17. Slide 17: 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.

  18. Slide 18: 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)

  19. Slide 19: Tarahan Port Facilities

    • 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

  20. Slide 20: PTBA Subsidiaries and Ownership

    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

  21. Slide 21: Top Forty Shareholders of PTBA

    The Top Forty Four Shareholders of PTBA The top forty shareholders PTBA as of 31 January 2016 as of 31 January 2016 No Name of Shareholder total of shares % 1 NEGARA REPUBLIK INDONESIA 1,498,087,500 65.02 2 TAMBANG BATU BARA BUKIT ASAM (PERSERO), 196,056,700 8.51 3 BPJS KETENAGAKERJAAN-JHT 53,376,00

  22. Slide 22: Sales, Production, Revenues and Net Income History

    19.3 19.1 17.8 18.0 16.4 Sales Production 15.3 15.1 13.4 13.9 12.9 12.7 12.4 12.5 12.9 11.6 10.0 10.8 10.8 9.5 9.5 9.8 9.99.5 9.6 9.9 9.2 9.2 9.1 20022003200420052006200720082009201020112012201320142015 13.72 13.10 11.59 11.20 10.58 Revenues Net Income 8.94 7.90 7.21 4.12 3.53 2.99 2.72 3.08 2.90 2.

  23. Slide 23: Production and Supply Outlook 2016-2024

    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

  24. Slide 24: Disclaimer and Contact 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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