PT Bukit Asam (Persero) Tbk · IDX:PTBA

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

25 slides from PT Bukit Asam (Persero) Tbk's investor presentation, December 2013

  1. Slide 1: PT Bukit Asam (Persero) Tbk Corporate Presentation

    PT Bukit Asam (Persero) Tbk The Oldest and Most Experienced Coal Producer in Indonesia Our Vision: “A World Class Energy Company That is Conscious About The Environment” www.ptba.co.id Corporate Presentation Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA December 2013

  2. Slide 2: Agenda

    Agenda 1. Introduction 2. Operational Review 3. Commercial Review 4. Financial Review 5. Project Development Appendices 01

  3. Slide 3: Company Brief History

    Introduction Company Brief History The Oldest and Most Experienced Coal Producer in Indonesia During the Dutch colonial PN TABA was converted PTBA was publicly listed period, the first open-pit into a limited corporation on the Jakarta Stock at Airlaya mine, in and its name changed to Exchange with

  4. Slide 4: Operational Highlights

    Operational Review Operational Highlights Revenue (IDR Trillion) Net Profit (IDR Trillion) Railway Capacity (Mn ton) Sales Volume (Mn ton) 20.6 15.6 15.3 3.08 2.9 12.8 12.9 13.5 11.6 2.7 11.9 12.5 2.01 11.5 10.6 10.8 9.0 7.9 1.7 10.3 10.5 7.2 0.8 4.1 2007 2008 2009 2010 2011 2012 2007 2008 2009 2010

  5. Slide 5: Operations Location

    Operational Review Operations Location Mining Business License (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 billi

  6. Slide 6: Resources & Reserves

    Operational Review 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 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 05

  7. Slide 7: Global Coal Review

    Commercial Review Global Coal Review Global Thermal Coal Import Demand by Basin (Mt) Seaborne Thermal Coal Export by Country (Mt) Source: Wood Mackenzie Coal Market Service, June 2013 Source: Wood Mackenzie Coal Market Service, June 2013 Seaborne Thermal Export Supply Change Spot & Term Contract Pri

  8. Slide 8: National Coal Review

    Commercial Review Indonesian Coal Supply & Demand 2008-2013 National Coal Review National Energy Mix Planning (%) Source : Ministry of Energy and Mineral Resources 2013 Source : Ministry of Energy and Mineral Resources, 2013 Coal Consumption Guidance for Electricity Fuel Mix 2005‐2021 : For Power Ge

  9. Slide 9: Costs & Prices

    Financial Review Costs & Prices Total Cash Cost (FOB) 9M13 Total Cost Breakdown FY12 9M12 9M13 YoY Royalty 7.5% Tanjung Enim System *) Others 2.6% Mining Service Salaries & Wages Ex Royalty (IDR) 477,435 491,490 514,675 +5% 25.0% 8.3% Total (IDR) 528,353 543,191 556,984 +3% Fuel 1.3% Heavy Equipment

  10. Slide 10: Coal Brand & Sales Breakdown

    Financial Review Coal Brand & Sales Breakdown Coal Brand 9M13 Sales Breakdown by country CV TM IM Ash VM FC TS max Coal Brand HGI Kcal/Kg,adb Kcal/Kg,ar %,ar %,adb %,adb %,adb %,adb %,adb Vietnam IPC 53 5,300 ‐ 34 15 8 39 40 0.5 ‐ 2% BA 55 5,500 4,550 30 15 8 39 38 0.8 50 China BA 59 5,900 5,000 28

  11. Slide 11: Financial Ratios

    Financial Review Financial Ratios GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) 45 29 32 25 18 15 9M12 9M13 9M12 9M13 9M12 9M13 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%

  12. Slide 12: PTBA Versus Global & Local Peers

    Financial Review PTBA Versus Global & Local Peers 30.76% 30 20.63% 20 18.53% 15.58% 9.49% 10 0.05% 0 ACI BYAN BTU BUMI ITMG HRUM BRAU ADRO PTBA Average ‐10 GROSS_MARGIN OPER_MARGIN NET_MARGIN ‐20 ACI : Arch Coal Inc. – USA (NYSE) ADRO : PT Adaro Energi – IDX HRUM : PT Harum Energi – IDX BRAU : PT Be

  13. Slide 13: Summary Financial Performance

    Financial Review Summary Financial Performance IDR tn FY12 9M12 9M13 YoY Sales 11.594 8.721 8.123 93% COGS 6.505 4.804 5.738 119% EBITDA 4.011 3.063 1.746 57% Net Income 2.900 2.195 1.243 57% Assets 12.728 11.688 11.372 97% Cash 5.917 5.246 3.266 62% Net Margin 25% 25% 15% 60% Return On Asset 23% 19

  14. Slide 14: Projects Location

    Project Development Projects Location Coal Bed Methane (CBM) - Capacity : ± 40 MMSCF/day - Expect. COD : 2014 4x65MW Power Plant - Capacity : Tanjung Enim - Coal Cons. : 1 M tpa - Since : 1987 Kertapati Palembang 2x110MW Power Plant Barging Port - Location : Banjarsai TANJUNG ENIM MINE - Coal Cons.

  15. Slide 15: Railway Projects

    Project Development Railway Projects PT KA – Existing Railway BATR ‐ New Railway Project (BukitAsam Transpacific Railway) Tanjung Enim – Tarahan Port (410 Km) Location Tanjung Enim – New Port in Lampung (280 Km) Tanjung Enim – Kertapati Port (161 Km) ‐ PTBA 10% Shareholders PTKA (State Railway Compa

  16. Slide 16: Production Infrastructure & CBM Projects

    Project Development Production Infrastructure & 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

  17. Slide 17: Power Generation Projects

    Project Development Power Generation 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 company T

  18. Slide 18: Internal Power Generation Projects

    Project Development Internal Power Generation 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 September 2013

  19. Slide 19: The New Look of Tarahan Port in 2014

    Appendix The New Look of Tarahan Port in 2014 Note: TOTAL STOCKPILE will be 860,000 tons as of Dec 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

  20. Slide 20: PTBA Structure

    Appendix PTBA Structure PTBA operates a fully integrated The Indonesian large coal mining in Tanjung Enim ( South Sumatera), Ombilin (West PTBA Government owns 65% of Total Shares Sumatera), Peranap (Riau), and East Kalimantan with Total Resources & Reserves are 7.29 billion tons and The Subsidiarie

  21. Slide 21: Shareholders Information

    Appendix Shareholders Information The Top Twenty Public Shareholders of PTBA as 22 October 2013 No Shareholders\Investors % 1 Tambang Batubara Bukit Asam (Persero), Tbk PT 5.00 2 Jamsostek (Persero) – JHT, PT 2.32 3 Taspen (Persero) – THT, PT 1.54 Share Holders Breakdown 4 Jamsostek (Persero) – Non

  22. Slide 22: Production vs Sales, Revenues, Index Movement

    Appendix PTBA Production Vs Sales 2002 - 2013 Index Movement Dec’02 – Oct’13 22 20.6 21 5500 27450 5300 25950 20 5100 4900 24450 19 18.2 4700 22950 18 4500 4300 21450 17 4100 19950 15.3 3900 18450 16 3700 15 13.4 3500 16950 13.9 3300 14 12.9 3100 15450 12.7 12.4 12.5 12.9 2900 13950 13 11.6 2700 124

  23. Slide 23: Projected Sales Volume to 2017

    Appendix Projected Sales Volume to 2017 In Million Ton 50.0 44.6 45.0 Actual Forecast 40.0 34.8 35.0 31.2 30.0 26.2 25.0 20.6 20.0 15.3 15.0 12.4 12.9 13.4 10.0 5.0 0.0 2009(A) 2010(A) 2011(A) 2012 (A) 2013(.E) 2014(F) 2015(F) 2016(F) 2017(F) TE System Production Total Sales Railways Transportation

  24. Slide 24: Supporting National Energy Policy

    Appendix Supporting National Energy Policy  Having A Total Long Term Coal Supply of Approx. 574 Million Tons (Mt) with: 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 Innovativ

  25. Slide 25: 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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