PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — Q3 2017 Earnings Presentation
24 slides from PT Bukit Asam (Persero) Tbk's earnings presentation, Oct 18, 2017
Slide 1: Corporate Presentation Q3 2017
Corporate Presentation Q3 2017 Dedicated to Preserve Sustainable Growth www.ptba.co.id 021-5254014 Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA
Slide 2: Contents
Contents 1. Introduction 2. Operating Review 3. Commercial Review 4. Financial Review 5. Development Projects Appendices PT Bukit Asam (Persero) Tbk www.ptba.co.id 2
Slide 3: Introduction: Company's Key Milestones
Introduction Company’s Key Milestones - Indonesia’s Oldest and Most Experienced Coal Producer PN TABA was converted PTBA was publicly During the Dutch into a limited corporation listed on the colonial period, and its name changed to Jakarta Stock the first open-pit PT Tambang Batubara Exchange with
Slide 4: Operating Review
Operating Review FY17 (E) 9M17 9M16 YoY % a B C b/c ▪ SALES VOLUME (MT) 23.17 17.24 15.14 114% ▪ PRODUCTION (MT) 21.92 16.91 12.98 130% ▪ TRADING/PURCHASE (MT) 0.4 0.30 1.04 29% ▪ RAILWAY CAPACITY (MT) 20.48 15.79 12.68 125% ▪ REVENUES (IDR TN) xx.x 13.22 10.04 132% ▪ NET PROFIT (IDR TN) x.xx 2.63 1
Slide 5: Operating Review: Current Operations
Operating Review Current Operations Total Resources 8.27 billion tons Mining Business License (IUP) Total Mineable Reserves 3.33 billion tons Tanjung Enim Mine 66,414 Ha PERANAP MINE IPC MINE Ombilin Mine 2,950 Ha Resources : 0.67 billion tons Resources : 0.024 billion tons Mineable : 0.29 billion t
Slide 6: Operating Review: Coal Resources
Operating Review Coal Resources Total: 8.27 bn tons 2.7% Coal Mineable Reserves Total: 3.33 bn tons 3.0% 48.2% 34.2% 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 –
Slide 7: Commercial Review: Demand and Supply
Commercial Review Demand Side Supply Side India emerges as #1 importer in 2017 Indonesia still the largest coal exporter (349 Mt in 2017) Source : Wood Mackenzie, 2017 JKT : Japan, South Korea and Taiwan SEA : Malaysia, Philippines, Thailand and Vietnam ROW : Rest of World Source : Wood Mackenzie, 2
Slide 8: Commercial Review: Indonesia Coal Production and Sales
Commercial Review Indonesia Coal Production and Sales National Energy Mix Coal Gas Oil Renewable Energy Total Domestic Coal Consumption by Sector Million Tons Source: Statistics Indonesia and Directorate General of MINERBA, 2016 PT Bukit Asam (Persero) Tbk www.ptba.co.id 8
Slide 9: Financial Review: Cash Cost and ASP
Financial Review Total Cash Cost (FOB) 9M17 Total Cost Breakdown Others Depreciation 6% Tanjung Enim System *) 9M17 9M16 YoY Boat 3% Sparepart/ Material 1% Heavy Equipment Transportation Salaries & Rent 2% Ex Royalty (IDR) 511.078 614.145 -16,8% 2% Wages Car & Equipment Rent 1% 13% Total (IDR) 565.7
Slide 10: Financial Review: Sales by Quality and Country
Financial Review 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 BUKI
Slide 11: Financial Review: Profit Margins
Financial Review Gross Profit Margin Operating Profit Margin Net Profit Margin 38% 27% 20% 24% 12% 10% 9M2016 9M2017 9M2016 9M2017 9M2016 9M2017 50 44 35 31 30 30 31.3 31 29 25 19 18 18 16 16 15 14.4 14 2011 2012 2013 2014 2015 2016 2011 2012 2013 2014 2015 2016 2011 2012 2013 2014 2015 2016 PT Buki
Slide 12: PTBA Vs Global & Local Peers
Financial Review PTBA Vs Global & Local Peers 37.4 28.4 30.5 22.9 16.9 4.9 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 Mini
Slide 13: Distribution Infrastructures Development & CBM
Development Projects Distribution Infrastructures Development & CBM Coal Bed Methane (CBM) Ombilin - Potential Reserve : 0.4 TCF Double Tracks Coal Bed Methane (CBM) Single Track with Crossing Sections Tanjung Enim - Potential Reserve : 0.8 TCF Railway Project (New) Tanjung Enim - Prajin Capacity :
Slide 14: Power Plants Development
Development Projects Power Plants Development TOTAL CFPP Peranap CFPP 2x300MW > 5.000 MW - Location : Peranap Riau - Coal Consumption : 4.2 mtpa - COD : 2023 Kuala Tanjung CFPP 2x350 MW - Location : Kuala Tanjung - Coal Consumption : 3 mtpa Sumsel 6 CFPP 2x300MW - COD : 2020 - Location : Muara Enim
Slide 15: Development Projects: Project Status
Development Projects P Project Status Railway Development • Upgraded Existing Railway ✓ Tanjung Enim – Kertapati : 5 Mt (2019) ✓ Tanjung Enim – Tarahan : 25 Mt (2020) • New Developed Railway ✓ Tanjung Enim – Prajin : 10 Mt (2022) ✓ Tanjung Enim – Srengsem : 20 Mt (2022) ✓ Tanjung Enim – Lampung (BAT
Slide 16: Development Projects: Power Plant Status
Development Projects The Plant Status 2x620 MW Banko Tengah • PTBA (45%), China Huadian Hong Kong Company Ltd (55%) (Sumsel 8) Power Plant • Investment of USD 1.7 Bn • Coal Consumption 5.1 Mtpa • Commercial Operating Date scheduled in 2021 2x300 MW Peranap Power Plant • Located in Peranap • Investme
Slide 17: Long Term Domestic Commitment
Appendix Long Term Domestic Commitment Having A Total Long Term Coal Supply with: Committed Volume o PLN (2010 – 2030) : 262 Mt o Indonesia Power (2013 – 2022) : 52 Mt o Huadian Bukit Asam Power (25 Years) : 150 Mt o Bukit Pembangkit Innovative (30 Years) : 36 Mt o Indonesia Fertilizer (30 Years)
Slide 18: Appendix: Port Facilities
Appendix Appendix • 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 C
Slide 19: PTBA Structure
Appendix PTBA Structure PTBA PTBA operates a fully integrated large coal The Indonesian Government mining in Tanjung Enim ( South Sumatera), owns 65% of Total Shares Ombilin (West Sumatera), Peranap (Riau), and East Kalimantan with Total Resources & The Subsidiaries: Reserves are 8.27 billion tons a
Slide 20: Top Thirty Shareholders
Appendix The Top Thirty Shareholders as of September 30th, 2017 No Name of Shareholder L/A Total of Share % 1 NEGARA REPUBLIK INDONESIA L 1.498.087.500 65,02 2 TAMBANG BATU BARA BUKIT ASAM (PERSERO), L 196.056.700 8,51 Domestic, 17.6% 3 BPJS KETENAGAKERJAAN - JHT L 53.376.000 2,32 4 PT TASPEN (PERSE
Slide 21: Appendix: Production, Sales, Revenues and Net Income
Appendix JCI JAKMINE PTBA 7000 18,000 Production 20.8 16,000 Sales 19.3 19.1 19.6 6000 17.8 18.0 16.9 17.2 14,000 16.4 15.3 15.1 5000 13.9 12,000 12.9 13.4 4000 10,000 3000 8,000 6,000 2000 4,000 1000 2,000 2011 2012 2013 2014 2015 2016 9M 2017 0 - 9/3/2012 9/3/2013 9/3/2014 9/3/2015 9/3/2016 13.73
Slide 22: Appendix: Coal Sales and Allocation
Appendix In Million Ton Coal Sales Coal Allocation 40 40.00 PLTU Halmahera Timur PT IPC 35 35.00 PT IPC PT BAP 30 30.00 PT BAP Tambang Peranap → Peranap/Riau PLTU Riau 1/RPE 25 1 25.00 PLTU Kuala Tanjung 20 Banko Tengah Blok A → Sumsel 20.00 8/9/10 KAI Tanjung Enim - Prajen 15 UPTE/MTB →Banjarsari,
Slide 23: Coal Price Index Movement 2011-2017
Appendix Coal Price Index Movement 2011- 2017 160 140 120 100 80 60 40 20 0 10-Feb-12 27-Feb-15 26-Feb-16 29-Apr-11 24-Apr-15 22-Apr-16 21-Apr-17 27-Mei-11 14-Oct-11 13-Jan-12 09-Mar-12 04-May-12 01-Jun-12 29-Jun-12 19-Oct-12 11-Jan-13 31-May-13 28-Jun-13 18-Oct-13 10-Jan-14 30-May-14 27-Jun-14 17-O
Slide 24: 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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