PT Bukit Asam (Persero) Tbk · IDX:PTBA

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

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

  1. Slide 1: Corporate Presentation 1H2013

    Our Vision: “Being Environmentally Conscious World Class Energy Company” Reuters: PTBA.JK Bloomberg: PTBA IJ Exchange: JKT Ticker: PTBA Corporate Presentation 1H2013

  2. Slide 2: Contents

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

  3. Slide 3: Introduction: Performance Highlights

    Introduction Performance Highlights FY12(A) FY13(F) YoY 1H12 1H13 YoY  Sales volume (mn ton) 15.3 20.6 34% 7.36 8.81 +20%  Production Output (mn ton) 13.9 18.2 30% 7.08 6.66 ‐6%  Coal Purchase (mn ton) 1.5 1.9 27% 0.81 1.55 +91%  Railway Capacity (mn ton) 11.9 15.6 31% 5.85 6.22 +6%  Revenues (

  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: Operational Review: 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: Operational Review: 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 12 JULY 2013 = USD 76,6 160 ICI 6.500 GAR on 12 JULY 2013 = USD 80,70 Average Composite coal price

  7. Slide 7: Operational Review: 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: Financial & Commercial Review: Cost & Price

    Financial & Commercial Review Cost & Price Proportion of 1H13 Total Cost Total Cash Cost (FOB) Electricity Coal Purchase Admin & Gen Exp FY12 1H12 1H13 YoY 0.2% 10.7% 10.0% Tanjung Enim System*) Rental of heavy Sales Exp Ex Royalty (IDR) 438,232 431,141 488,129 +13% 7.3% equipments 5.5% Total (IDR)

  9. Slide 9: Financial & Commercial Review: Coal Brand & Sales Distribution

    Financial & Commercial Review Coal Brand & Sales Distribution Coal Brand Coal Sales Distribution 1H13 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 IPC 53 5,300 ‐ 34 15 8 39 40 0.5 ‐ Taiwan BA 55 5,500 4,550 30 15 8 39 38 0.8 50 23% BA

  10. Slide 10: Financial & Commercial Review: Financial Ratio (%)

    Financial & Commercial Review Financial Ratio (%) GROSS PROFIT MARGIN (%) OPERATING PROFIT MARGIN (%) NET PROFIT MARGIN (%) 46 33 32 27 18 16 1H12 1H13 1H12 1H13 1H12 1H13 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. Slide 11: Financial & Commercial Review: PTBA among Global & Local Peers

    Financial & Commercial Review PTBA among Global & Local Peers GROSS_MARGIN OPER_MARGIN NET_MARGIN 34.4% 23.5% 19.94% 17.8% 10.24% 2.82% ACI BYAN BTU BUMI ITMG HRUM BRAU YZC ADRO PTBA Average ACI : Arch Coal Inc. – USA (NYSE) ADRO : PT Adaro Energi – IDX HRUM : PT Harum Energi – IDX BRAU : PT Berau c

  12. Slide 12: Financial & Commercial Review: Financial Performance

    Financial & Commercial Review Financial Performance Description FY12 1H12 1H13 YoY (IDR mn) Sales 11,594.06 5,789.90 5,433.27 94% COGS 6,505.93 3,111.05 3,662.31 118% EBITDA 4,011.54 1,868.58 978.61 52% Net Income 2,900.11 1,564.29 880.51 56% Assets 12,728.99 11,174.41 10,454.88 94% Cash 5,917.03 4,

  13. Slide 13: Projects Development: Projects Location

    Projects Development Projects Location Coal Bed Methane (CBM) - Capacity : ± 40 Tanjung Api-api Port MMSCF/day - 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: Projects Development: 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: Projects Development: 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: Projects Development: 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: Projects Development: 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 June 2013: 89%

  18. Slide 18: 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 17

  19. Slide 19: For Further Information: Disclaimer

    Contact : Hendri Rudiawan Position : Head of Investor Relations For Further Information: 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]

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