PT Bukit Asam (Persero) Tbk · IDX:PTBA
PT Bukit Asam (Persero) Tbk — FY2014 Earnings Presentation
24 slides from PT Bukit Asam (Persero) Tbk's earnings presentation, March 2015
Slide 1: Corporate Presentation, March 2015
CORPORATE PRESENTATION, MARCH 2015 www.ptba.co.id Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA
Slide 2: Table of Contents
Table of Contents 1. Introduction 2. Operating Review 3. Commercial Review 4. Financial Review 5. Development Projects Appendices 01
Slide 3: Company's Key Milestones
Introduction Company’s Key Milestones 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 colo
Slide 4: Operating Review: Performance Highlights
Operating Review Railway Capacity (Mn ton) 18.9 Performance Highlights 14.8 11.9 12.8 10.5 10.8 11.5 2013 2014 % 2015p % a b a/b c c/b 2009 2010 2011 2012 2013 2014 2015F Total Production 15.1 16.4 108% 20.9 127% Revenue (IDR Trillion) 13.1 Prod. - Tanjung Enim 14.0 15.5 111% 19.9 128% 11.6 11.2 1
Slide 5: Current Operations
Operating Review Current Operations 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 billion
Slide 6: Coal Resources
Operating Review Coal Resources Total : 7.29 bn tons Bituminou s; 2,7% Coal Mineable Reserves Total: 1.99 bn tons Bitumi nous; 3,0% Lignite ; Sub‐ Lignite, 34,2% bituminou 48.2% Sub‐ bitumi s, 49.1% nous; 62,8% Parameter BITUMINOUS SUB BITUMINOUS LIGNITE TM (% ar) < 18 18 ‐30 > 35 CV (KCal/Kg adb) >
Slide 7: Global Coal Review
Commercial Review Global Coal Review 1,800 Pacific Basin Seaborne Thermal Coal Import Demand 1,600 by Country and Rank (Mt) Seaborne Thermal Coal Exports by Country (Mt) 1,400 1,200 1,000 800 Mt 600 400 200 0 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 Japan, S Kor, Taiwan high Japan, S K
Slide 8: National Coal Review
Commercial Review Indonesian Domestic Demand Vs Exports (Mt) National Coal Review Primary Energy Mix (%) Source: Wood Mackenzie Coal Market Service, November 2013 Source: Agency For The Assessment And Application Of Technology, Dec 2013 Coal Consumption Guidance for Electricity Fuel Mix 2005‐2021 :
Slide 9: Costs & Prices
Financial Review Costs & Prices Total Cash Cost (FOB) FY14 Total Cost Breakdown Environment Heavy Electricity Coal Purchase FY13 FY14 YoY 1% 0% 3% Equipment Tanjung Enim System *) 5% Fuel Ex Royalty (IDR) 513,732 585,075 +14% 1% Salaries & Mining Service Total (IDR) 554,655 630,293 +14% Wages 32% 11
Slide 10: Coal Brand & Sales Breakdown
Financial Review Type Of Coal by Quality Coal Brand & Sales Breakdown CV TM IM Ash VM FC TS max Coal Brand HGI Kcal/Kg,adb Kcal/Kg,ar %,ar %,adb %,adb %,adb %,adb %,adb IPC 53 5,300 ‐ 34 15 8 39 40 0.5 ‐ BA 55 5,500 4,550 30 15 8 39 38 0.8 50 FY14 Sales Breakdown by country BA 59 5,900 5,000 28 14 6
Slide 11: Financial Ratios
Financial Review Financial Ratios GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) 31 31 19 18 16 15 FY13 FY14 FY13 FY14 FY13 FY14 54 50 46 44 40 35 31 31 31 30 29 29 25 25 19 18 16 15 11% 15% 8% 12% 30% 15% 28% 20% 11% 39% 5% 29% 18% 14% 14% 36% 6% 2009 2010 2011 2012 2013
Slide 12: PTBA Versus Global & Local Peers
Financial Review PTBA Versus Global & Local Peers 29 17 16 5.87 6.23 YZC ACI BYAN BTU BUMI ITMG HRUM BRAU ADRO PTBA AVERAGE ‐2.42 Gross Margin Operating Margin Net Margin Source: Bloomberg, 30 January 2015 YZC :Yanzhou Coal Mining ACI : Arch Coal Inc. – USA (NYSE) ADRO : PT Adaro Energi – IDX HRUM :
Slide 13: Summary Financial Performance
Financial Review Summary Financial Performance (IDR Tn) FY13 FY 14 YoY Sales 11.209 13.077 116% COGS 7.745 9.056 116% EBITDA 2.529 2.870 113% Net Income 1.826 2.016 110% Assets 11.677 14.812 126% Cash 3.343 4.039 120% Net Profit Margin (NPM) 16% 15% 94% Return On Asset (ROA) 16% 14% 87% Return On Eq
Slide 14: Distribution Infrastructures Development
Distribution Infrastructures Development Double Tracks Single Track with Crossing Sections Tanjung Enim Mine with the installed production capacity of 25 Mtpa Kertapati Palembang Barging Port TANJUNG ENIM MINE Muara Enim Lahat Prabumulih Railway (Upgraded) - Capacity : up to 22.7 M tpa - TE – Kertap
Slide 15: Power Plants Development
Power Plants Development 800-1200MW Power Plant - Location : Peranap Riau - Coal Cons. : 8.4 M tpa - COD : 2020 3x600MW Sumsel 9&10 PP - Location : Muara Enim - Coal Cons. : 8.4 M tpa - COD : 2019 2x110MW Power Plant - Location : Banjarsari - Coal Cons. : 1.4 M tpa - COD : 2Q 2015 2x620MW Power Plan
Slide 16: Development Projects: Production Infrastructure & CBM
Development Projects Production Infrastructure & CBM Project Status Upgraded Existing • Tanjung Enim – Tarahan Port (410km), TE – Kertapati Port (161km) Railway Line • 100% owned by State Railway Company, PT KAI • Capacity of 22.7Mtpa (2015 – 2029) • Currently, it has a total of 3,071 wagons, includ
Slide 17: Development Projects: Power Plants
Development Projects Power Plants The Plant Status 2x110MW Banjarsari Power • PTBA (59.75%), PJB (29.15%), NII (11.10%) Plant • Investment of USD350 Mn • Coal Consumption: 1.4 M tpa • Estimated Commercial Date: 2Q15 2x620MW Banko Tengah • PTBA (45%), China Huadian Hong Kong Company Ltd (55%) Plant •
Slide 18: Long Term Domestic Commitment
Long Term Domestic Committment 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 Inn
Slide 19: The New Look of Tarahan Port in 2015
Appendix The New Look of Tarahan Port in 2015 Note: TOTAL STOCKPILE will be 860,000 tons 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
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
Slide 21: Top Thirty Five Shareholders
Appendix The Top Thirty Five Shareholders of PTBA ended 31 January 2015 Shareholders Information No Shareholders Number % 1 NEGARA REPUBLIK INDONESIA 1,498,087,500 65,02 2 TAMBANG BATU BARA BUKIT ASAM (PERSERO), 129,997,500 5,64 Treasury Stock, 3 BPJS KETENAGAKERJAAN‐JHT 53.376.000 2,32 5.64% 4 PT T
Slide 22: Production vs Sales, Revenues vs Net Income, Index Movement
Appendix Production Vs Sales 2002 - 2014 Index Movement Dec’02 – Dec’14 17.8 18.0 6000 27500 16.4 5500 25000 15.3 15.1 5000 Jakmine IHSG PTBA 22500 13.4 13.9 4500 12.9 20000 12.7 12.4 12.9 4000 12.5 17500 11.6 3500 10.0 10.8 10.8 15000 9.5 3000 9.8 9.9 9.6 9.9 12500 9.5 9.5 9.2 9.2 2500 9.1 10000 20
Slide 23: Projected Sales Volume to 2017
Appendix Projected Sales Volume to 2017 In Million Ton 34.0 29.0 24.0 17.8 18.0 15.3 12.4 12.9 13.4 2009(A) 2010(A) 2011(A) 2012 (A) 2013(A) 2014(A) 2015(F) 2016(F) 2017(F) TE System Production Total Sales Railways Transportation 22
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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