COMPANY PRESENTATION 1H 2011 –JUNE 2011 · PT Trakindo Utama PT Chandra SaktiUtama Leasing 3. ABM...
Transcript of COMPANY PRESENTATION 1H 2011 –JUNE 2011 · PT Trakindo Utama PT Chandra SaktiUtama Leasing 3. ABM...
PT ABM Investama Tbk a member of Tiara Marga Trakino Group
ABM Consolidated Financial Highlight 1H 2011
SBU: PT. Cipta Kridatama (CK) – Contract Mining Services
SBU: PT. Sumberdaya Sewatama (SS) – Power Solutions
SBU: PT Reswara Minergi Hartama (Reswara) – Coal Production
SBU: PT.Sanggara Sarana Baja (SSB) – Engineering Services
SBU: PT. Cipta Krida Bahari (CKB)- Integrated Logistic
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Table of Contents
2
Overview of Tiara Marga Trakindo Group
— Established in 1970, Trakindo was
founded by AHK Hamami
— Trakindo became the sole authorized
dealer for Caterpillar in 1971 and now
has more than 70 branches
— Over a 40 year period, Trakindo has
developed into one of the largest
national groups in Indonesia
Shareholder Value Addition
— Access to financial resources to support
growth plans
— Timely market intelligence and access
— TMT refers customers and is itself and
important customer to ABM
ABM Investama A Member of Tiara Marga Trakindo Group
Tiara Marga Trakindo Group Structure
PT Tiara Marga Trakindo Group (TMT)
PT. Chitra
Paratama
PT Tri Swardana
Utama
Others
PT Chakra Jawara
PT Mahadana
Dasha Utama
PT ABM
Investama
Tbk
PT Trakindo
Utama
PT Chandra
Sakti Utama
Leasing
3
ABM Investama Tbk
ABM is an integrated energy company with three key business units in coal production, contract
mining services, and power solutions, supported by two crucial components of engineering
services and integrated logistics.
Our integrated business allow us to create synergy and offer end-to-end energy solutions that
enable us to provide a more efficient cost structure, increasing profitability and assuring business
sustainability.
Vision
“To be the leading investment
company with strategic
investments in energy
resources, services, and
infrastructures.”
Mission
1. To continually create meaningful and challenging
job opportunities for as many Indonesians as
possible
2. To ensure sustainable and profitable growth that
maximize shareholders value
3. To provide value adding solutions that will
optimize customer satisfaction
4. To actively engage with communities as a good
corporate citizen.
Vision and Mission
4
Rachmat Mulyana Hamami
President Commissioner
• Worked in various positions within the
Tiara Marga Trakindo group for more
than 19 years
• Appointed in 2005 as Secretary General
of the China Committee of the
Indonesian Chamber of Commerce and
Industry
• Worked in various positions within the
Tiara Marga Trakindo group for more
than 10 years
• Holds the position of President Director
in PT Mahadana Dasha Utama
Mivida Hamami
Commissioner
• Commissioner of PT Weda Bay Nickel
• Independent Commissioner of PT Hero
Supermarket Tbk.
• Former President Commissioner of
Bank BNI
• Former Vice Chairman /
Superintendent of the Corruption
Eradication Commission
Erry Riyana Hardjapamekas
Independent Commissioner
Board of Commissioners
5
• Former Managing Director at
Standard Chartered Bank,
Jakarta
• Previously Partner of
Corporate Finance / Advisory
Department at Fund Asia,
Jakarta
• Former Managing Director of
Abacus Capital, Jakarta
Achmad Ananda
Djajanegara
President Director
Syahnan Poerba
Corporate Support Service
Director
• Former Country Manager at
PT D&B (Dun & Bradstreet),
Indonesia
• Former Director of
operations at PT AXA
Mandiri Financial Services
• Former Chief Financial Officer
of Sime Darby (Minamas
Plantation), and San Miguel,
Indonesia
• Former Senior Financial
Controller at PT John Crane,
Indonesia
• Former General Manager of
Corporate Finance and
Administration at Keris Group
Willy A. Adipradhana
Finance Director
• Former President Director of
PT Mitra Energi Batam and
PT Dalle Energy Batam
• Former Senior Vice President
of Corporate Growth and
Planning at PT Medco Power
Indonesia
Yovie Priadi
Corporate Strategy Director
Board of Directors
6
Contract Mining: PT Cipta Kridatama (“CK”)
• Top 5 mining contractor in Indonesia by overburden volume providing full end-to-end “pit to port”
services including project survey, mine design, overburden removal, coal extraction, hauling, and mine
rehabilitation
Subsidiaries (SBU)
Power Solutions: PT Sumberdaya Sewatama (“SS”)
• A power solutions related service provider in Indonesia servicing mainly the utility and mining sectors.
Currently has more than 880MW of electricity generation capacity
• Has a 20% stake in Meppogen (80MW simple cycle power plant)
Coal Production: PT Reswara Minergi Hartama (“Reswara”)
• Coal production business with three direct subsidiaries: PT Tunas Inti Abadi (coal producer), PT Media
Djaya Bersama (coal producer) and PT Pelabuhan Buana Reja (manage and service the port subject to
the completion of the port construction and license approval)
Engineering Services: PT Sanggar Sarana Baja (“SSB”)
• Operates engineering services such as fabrication, remanufacturing, transport equipment and site
services
Integrated Logistics: PT Cipta Krida Bahari (“CKB”)
• Provides integrated logistics services, including freight forwarding, project logistics, industrial, offshore
and coal logistics shipping, and warehouse and shore base management services
7
Coal production;
Sub-Holding for
BEL and Mifa
PT Cipta
Kridatama (“CK”)
Contract Mining
99.99%
PT Sumberdaya
Sewatama (“SS”)
Power solutions
99.98%
PT Cipta Krida Bahari (“CKB”)
Integrated logistics
99.99%
PT Sanggar Sarana
Baja (“SSB”)
Engineering services
99.96%
Sub-Holding for
thermal energy IPP
PT Pradipa
Aryasatya (“PAS”)
99.9%
Sub-Holding for
renewable energy
IPP
PT Nagata Bisma
Shakti (“NBS”)
99.9%20.0%
Coal logistics
PT Baruna Dirga
Dharma (“BDD”)
99.9%
Shipping
PT Alfa Trans
Raya (“ATR”)
99.99%
Valle Verde Pte. Ltd. PublicPT Tiara Marga Trakindo (“TMT”)
23.12% 55% 21.88%
99.98%
IPP
PT Metaepsi Pejebe Power
Generation (“Meppogen”)
General trading
PT Prima Wiguna
Parama (“PWP”)
PT Reswara Minergi Hartama
(“Reswara”)
Coal production
PT Bara Energi Lestari
(“BEL”)
Coal production
PT Mifa Bersaudara
(“Mifa”)
Coal production
99.99%
70.0%99.99%99.99%
99.99% 99.99%
Coal
production
PT Tunas Inti
Abadi (“TIA”)
Port operator &
management
PT Pelabuhan Buana
Reja (“PBR”)
PT Media Djaya
Bersama (“MDB”)
ABM Group and Shareholding Structure
8
9
1 Strategically positioned to capitalize on Asian and Indonesian energy markets
2
Exposure across the energy value chain with diverse product offering3
4 Well-established and broad customer base
5 Comprehensive footprint and market coverage across Indonesia
6 Strong sponsorship and support from reputable shareholder
7 Experienced and highly qualified management team with a proven track record
Leading energy market player in Indonesia
Positioning and Highlight
10
— Coal imports in China, India, South East Asia and Indonesia are expected to grow strongly from 2011E to 2014E
114 117 122 124
0
50
100
150
2011E 2012E 2013E 2014E
Million
tons
Thermal Coal Imports
(China)
Source Wood Mackenzie
MALAYSIA
CHINA
INDONESIA
PHILIPPINES
SINGAPORE
INDIA63
75
98107
0
50
100
150
2011E 2012E 2013E 2014E
Million
tons
Thermal Coal Imports
(India)
6473
8288
0
40
80
120
2011E 2012E 2013E 2014E
Million
tons
Thermal Coal Consumption
(Indonesia)
Source Wood Mackenzie
4452
5660
0
30
60
90
2011E 2012E 2013E 2014E
Million
tons
Thermal Coal Imports (SE
Asia)
Source Wood Mackenzie
Source Wood Mackenzie
MDB
TIA
Strategically Positioned to Capitalize on Asian and Indonesian Energy Markets
919
420 365 358 221 159 117
2,836
17%8%
7% 7% 4% 3% 2%
0
1,000
2,000
3,000
Coal ProductionLow Rank Coal Reserves, Market Share by Reserves
MM tons, %
Source Wood Mackenzie, JORC
53%
468
295
357
0
200
400
600
Aggreko Others
42%
26%
32%
Source PLN e-procurement website, Aggreko website Investor Relation March 2011
Temporary PowerProduction capacity (2011), Market Share by Capacity
MW, %
661
470
319
128 100 93 85 72
426
28%
20%
14%
5% 4% 4% 4% 3%
18%
0
200
400
600
800
Overburden Removal (2010), Market Share by Overburden Removal
Million BCM, %
Contract Mining
Source Wood Mackenzie
Leading Energy Market Player in Indonesia
11
Exposure Across the Energy Value Chain (1)
Engineering
Services
Integrated
Logistics
Power
Solutions
Contract
Mining
Services
Coal
Production
• 7,703 hectares
concession area under 4
IUPs
• Estimated coal reserves
and resources of 221 and
561 million tons,
respectively
• Fleet of 428 heavy
equipment serving 7
customers as of June 30,
2011
• Estimated outstanding
contracted overburden
removal and coal of 465
million bcm and 34.4
million tons, respectively,
as of June 30, 2011
• Approximately 745
gensets (884MW
capacity)
• Manages more than 70
diesel power generation
projects in Indonesia
• 20% stake in Meppogen,
IPP with simple cycle
power plant
• Operates fleet of vessels,
trucks, loaders and dry
containers
• Provides coal logistics,
freight forwarding and
project logistics
• 35 branches and offices
located throughout
Indonesia
• 10 engineering services
workshops providing
fabrication,
remanufacturing,
transport equipment and
site services
• Customers mainly in
mining, oil and gas,
petrochemical and power
sectors
12
Contract Mining
Project Sites
Integrated Logistics
Offices
Engineering Services
Main Operating Sites
BATAM
PADANG
PEKANBARU
DURI
MEDAN
JAMBI
PALEMBANG
PONTIANAK
PANGKALANBUN
BANJARMASIN
SATUI
BATULICIN
MAKASSAR
SOROAKO
TARAKAN
AMBON
SORONG
BATU HIJAU
MATARAM
DENPASAR
LAMONGAN
SURABAYA
JAKARTA
MANADO
TANJUNG ADARO
SANGATTA
BATUKAJANG
TIMIKA
BANDA ACEH
BALIKPAPAN
SAMARINDA
TERNATE
TANGERANG
GRASBERG
KUALA KENCANA
BONTANG
AIR MUNING MUKO-MUKO
MANGKAL API
SUNGAI
DANAU
SUNGKAI
KOTA BANGUN
JONGGON
KUTAI
KERTANEGARA
SANGA-SANGA
— Able to operate throughout the country; competitive advantage over competitors
— Difficult to replicate coverage strength and poses barriers to entry for new entrants
BENGALON
Comprehensive Footprint and Market Coverage in Indonesia
13
SAMPLE SLIDES
• Leading temporary power
provider, with 42% market share in
Indonesia
• Electricity generation capacity of
884MW
• 20.0% of Meppogen, an IPP with an
installed capacity of 80MW
• Among the top 5 mining
contractors in Indonesia
• Provides full end-to-end “pit to
port” contract mining services
• Estimated 221 million tons of coal
reserves and 561 million tons of coal
resources
• Ability to leverage services offered
by the ABM Group
• SSB and CKB to provide engineering services and integrated logistics
support to the ABM and TMT groups
• The Group subsidiaries provide substantial intragroup services, thereby
reducing costs and increasing business support
Business Strategies
14
ABM is an integrated energy company with three key business units in coal production, contract mining services, and power solutions,
supported by two crucial components of engineering services and integrated logistics
1.372
493 478 377 376
0
500
1.000
1.500
CK SSB SS CKB Reswara
(4) (11)
127 53 208(0%) (0%)
3%2%
7%
(4%)
0%
4%
8%
(150)
0
150
300
2008 2009 2010 1H 2010 1H 2011
Net Income Margin
Net Income(1)
IDR BN
3.2353.926
4.486
2.1972.778
0
2.000
4.000
6.000
2008 2009 2010 1H 2010 1H 2011
Revenue(1)
IDR BN
Income / (Loss) from Operations(1)
IDR BN
(470)
491 316 140341
(15%)
13% 7% 6%
12%
(15%)
0%
15%
(800)
0
800
2008 2009 2010 1H 2010 1H 2011
Income / (Loss) from Operations Margin
Year Ended Dec 31 6 Months Ended Jun 30
Year Ended Dec 31 6 Months Ended Jun 30
Year Ended Dec 31 6 Months Ended Jun 30
Breakdown of Revenue and Income / (Loss) from Operations(3)
IDR BN
Revenue
6 Months Ended Jun 30, 2011
Income from Operations
6 Months Ended Jun 30, 2011
(4)
(5)
44% 16% 15% 12% 12%
135 133
41 40 25
0
50
100
150
CK SS CKB SSB Reswara
36% 36% 11% 11% 7%
ABM Consolidated – Financial Highlight 1H 2011
Notes
1. ABM Group consolidated figures
2. CAGR = (2010 figure / 2008 figure) ^ (1 / number of years) -1
3. Based on standalone financials. Includes intragroup transactions
4. Net Income Margin = Net Income / Revenue
5. Income / (Loss) from Operations Margin = Income / (Loss) from Operations / Revenue 15
16
1.372
493 478 377 376
0
500
1.000
1.500
CK SSB SS CKB Reswara
2.222
844 803 539
97
0
1.000
2.000
3.000
CK SSB SS CKB Reswara
Revenue by Division
Year Ended Dec 31, 2010(1) 6 Months Ended Jun 30, 2011(1)
Income from Operations by Division
Year Ended Dec 31, 2010(1)(2) 6 Months Ended Jun 30, 2011(1)
Notes:
1. Figures are based on pre-elimination of intercompany transactions
2. Includes loss of IDR48BN from coal production
49% 19% 18% 12% 2% 44% 16% 15% 12% 12%
154
130
65
41
(41)(50)
0
50
100
150
200
CK SS SSB CKB Reswara
44% 37% 19% 12% -12%
135 133
41 40 25
0
50
100
150
200
CK SS CKB SSB Reswara
36% 36% 11% 11% 7%
IDR BN
IDR BN
IDR BN
IDR BN
Breakdown by Subsidiaries
17
510 463 713 508 1.006
1.9121.216
1.2111.141
2.825
0
2.000
4.000
2008 2009 2010 1H 2010 1H 2011
Short Term Long Term
Total Debt(1)
IDR BN
12,0x
3,1x2,8x 2,7x
4,3x
0,0x
5,0x
10,0x
15,0x
2008 2009 2010 1H 2010 1H 2011
Total Debt / EBITDAx
153% 171%
140%
287%
0%
100%
200%
300%
2008 2009 2010 1H 2010 1H 2011
Total Debt / Total Equity%
1.8x
4,3x
6,8x 6,5x
7,8x
0,0x
2,0x
4,0x
6,0x
8,0x
2008 2009 2010 1H 2010 1H 2011
EBITDA / Interest Expensex
Notes:
1. Total debt = Short term bank loans + long term bank loans + current maturities of long term debts and finance lease obligations + other long term loans (related and third parties) +
finance leases (related and third parties)
2. Used two times 1H2010 EBITDA as proxy for LTM 1H2010 EBITDA in calculation; Used LTM EBITDA in 1H2011 calculation
3. Used two times 1H2010 EBITDA and Interest expense for LTM calculation; Used LTM EBITDA and LTM interest expense in 1H2011 calculation
NM
(2)
(3)
Year Ended Dec 31 6 Months Ended Jun 30 Year Ended Dec 31 6 Months Ended Jun 30
Year Ended Dec 31 6 Months Ended Jun 30 Year Ended Dec 31 6 Months Ended Jun 30
(2)
(3)
Consolidated Balance Sheet
Contract Mining Operations Brief as of June 2011
• Top 5 contract mining service in Indonesia by overburden
removal(1)
• Full end-to-end “pit to port” contract mining services from
exploration(2), mine planning, overburden removal, coal
extraction and loading, transportation and processing,
rehabilitation and reclamation
• Experienced management having worked in major
companies
• As of 30 Jun 2011, CK employs over 2,800 employees
• Provides services to seven Indonesian coal producers for
nine different projects. The contract mining agreements
have terms ranging from three years to life of the mine
• Fleet of 428 heavy vehicles and mining equipment,
including bulldozers, excavators, cranes and drilling
machines
• Equipment manufactured by Caterpillar, Liebherr,
Hitachi, and Terex
PT. Cipta Kridatama (CK)- Contract Mining Services
18
Overburden Removal and Coal Production Volumes
Year Ended Dec 31
73,8
104,2100,0
49,6 53,05,4
7,1
8,3
3,5
4,6
0
4
8
12
0
40
80
120
Overburden Removal (LHS) Coal Production (RHS)
Source Company Information
Million BCM Million Tons
6 Months Ended Jun 30
2008 2009 2010 1H2010 1H2011
Overburden and Key Customers
19
Type of equipment Capacity Number of units Average age (in years)
Excavator 250 - 350 tons 13 3 – 5
20 - 100 tons 83 3.4 - 6.5
Truck 40 - 100 tons 220 3.8 - 5.6
Dozer 64 4.5
Grader 14 - 16 feet 30 2.8
Wheel loader 6 5.3
Compactor 11 7.2
Drill machine 1 6
Total 428
20
Operating Agreements
12
3
4
6
7
Kalimantan
Sumatra
Concession Holder
Mining Project Sites Expected Contract Duration
Estimated Outstanding Contracted Volume of Coal /
Overburden (Million Tons / Million BCM) as of
June 30, 2011(3)
Samarinda, East Kalimantan
From Jun 14, 2004 – Aug 31, 2015 125.0
Kotabangun, Kutai Kertanegara, East Kalimantan
From Dec 2007 – Completion of all work< 42 months from the commencement of overburden removal
12.5
Desa Batuah (Air Panas), Kecamatan Loa Janan, Kabupaten Kutai Kartanegara, East Kalimantan
From Mar 18, 2005 – Target of 54.2 million BCM of overburden and/or 7.7 MT coal ROM is reached
2.8 / 12.3
Jonggong, Busang and Loa Kulu, East Kalimantan
From Nov 29, 2007 – Oct 18, 2015 1.1 / 14.4
Satui and Kusan Hulu, Tanah Bumbu,East Kalimantan
From Jun 25, 2009 – Later of Life of mine, or Jun 30, 2020
27.0 / 155.3
Batulicin,South Kalimantan
From Jul 1, 2006 – Life of mineSungkai site: From start of operations or by Aug 2008 – Earlier of Jul 2011 or when the pit coal reserve is considered to be un-economical to mine
3.5 / 16.2
Tanjung Dalam Village,Bengkulu Province
From Mar 18, 2011 – 72 months from start of operations, or completion of obligations, whichever is earlier
- / 129.6
Total 34.4 / 465.3
1
2
3
4
5
6
7
5
CK’s Current Customers
SS Operations- PLTD Bitung Menado Services Offer
Temporary Power
Pillar and
Operations and
Maintenance
(“O&M”)
Independent
Power Generation
• Provides power solutions mainly to utility sector customers
• 884MW of electricity generation capacity as of June 30, 2011
• Main customer is PT PLN (Persero) (“PLN”),
• Utility customers contributed 80.6% of Temporary Power
division’s revenue for 6 months ended June 30, 2011
• Pillar business provides dewatering management services,
rental of centrifugal pumps, load bank, temperature control
units, and intends to provide optimization and consultation
services
• O&M provides end-to-end power plant operations,
maintenance services and specific repair and maintenance
services
• Thermal Energy
– 20% stake in Meppogen, a 80MW simple cycle power plant
in South Sumatra.
– Mepoggen to convert to a 110MW combined cycle
power plant
– Entered into a PPA in 2005 with PLN Kitlur Sumbagsel to
sell 80MW of power for 20 years
– Subsidiary PAS to acquire 2 independent power producers
• Renewable Energy
– SS and NBS to invest / acquire to develop independent
power production through renewable energy
PT Sumber Daya Sewatama (SS) – Power Solutions
21
Key Customers
Year Ended Dec 31, 2010
Total Revenue: IDR803BN(1)
6 Months Ended Jun 30, 2011
Total Revenue: IDR478BN(1)
Temporary
Power
94.7%
Other Services(2)
5.3%
65,5%78,2% 81,8%
0%
25%
50%
75%
100%
2008 2009 2010
Revenue Contribution from PLN to SS
PT PLN (Persero)
Temporary
Power
95.7%
Other Services(2)
4.3%
Revenue By Division and key Customers
22
ModelNumber of Units as
of Jun 30, 2011Capacity
(kW)
Average Useful Life
(Yrs) (2)
Average Age as of Jun 30, 2011
(Yrs)
Diesel
Generator
Sets
745 875,492 10 6
Gas
Generator
Sets
5 8,662 15 2
Total 750 884,154
Generators
Electricity Generation Capacity and Average
Utilization RatekW %
637.214
757.804 791.680 759.680
884.154
72%70%
74%72%
73%
60%
65%
70%
75%
80%
0
250.000
500.000
750.000
1.000.000
2008 2009 2010 1H 2010 1H 2011
Electricity Generation Capacity Average Utilization Rate
Average Lease Rate per kWh
196 199
235 233249
0
100
200
300
2008 2009 2010 1H2010 1H2011
IDR / kWh
Electricity Generations Capacity, Lease Rate, Generators, Competition
23
TIA Operations Reswara
— Coal mining conducted through Reswara’s 2 subsidiaries
— PT Tunas Inti Abadi (“TIA”, 99.99% ownership)
— PT Media Djaya Bersama (“MDB”, 70% ownership)
— Port to be owned and managed through PT Pelabuhan Buana
Reja (“PBR”) (99.99% shareholding), upon construction
completion and license approval
— Current port management utilize third party services
— Reswara to utilize services of PBR when it achieves full
commercial capability, subject to construction completion
and license approval
— TIA mine utilizes open cut mining methodology, producing
low rank coal with low ash and low sulphur content
— Coal mined from TIA’s mines are marketed as “TIA Compliant
Coal”; coal bought from third parties are sold as “TIA Traded
Coal”
PT. Reswara Minergi Hartama (Reswara) – Coal Production
24
TIA MDB Total
Coal Reserves (MT)
Proved Reserves 13 7 20
Probable Reserves 39 162 201
Total Reserves 52 169 221
Coal Resources
Measured 32 18 50
Indicated 39 289 328
Inferred 35 148 183
Total 106 455 561
Concession (ha) 3,074 4,629 7,703
Balikpapan
South Kalimantan
Central Kalimantan
Palangkaraya
Banjarmasin
Indonesia
Kalimantan
Tunas Inti Abadi Project Area
Balikpapan
South Kalimantan
Central Kalimantan
Palangkaraya
Banjarmasin
Indonesia
Kalimantan
Tunas Inti Abadi Project Area
TIA
23.5%
MDB
76.5%
TIA
18.9%
MDB
81.1%
Coal Resources
Total Resources: 561 Million Tons Total Reserves: 221 Million Tons
Coal Reserves
Source PT Runge Indonesia Statement of Open Cut Coal Resources and Reserves for TIA, BEL and Mifa concessions, as of 30 June 2011
MDB Site
TIA Site
Coal Resources and Reserves
TIA Operations
Coal Productions
Coal Productions
26
Year Ended Dec 31
113
999
537
873
70
1.179
590
940
0
500
1000
1500
2009 2010 1H2010 1H2011
Production Volume Sales Volume
‘000 tons
6 Months Ended Jun 30
PT Tunas Inti Abadi
— TIA was acquired in Dec 2007, commenced commercial production
in Aug 2009 and coal sales in Oct 2009
— Coal mining is contracted to ABM subsidiary, CK
— 25 km from pit to port at Bunati
— 26 kmfrom port to anchorage point at Muara Satui
— 8,000 ton barge loading capacity at jetty
— 120,000 tons temporary pile facility at the mining pit
— Logistic advantages: Close to the Ocean
Road Concession Area Sea
Indonesia
ROM SP
PLTU
PLTU
X
Meulaboh Port
INDIAN OCEAN
PT. Mifa
Bersaudara
PT Bara Energi Lestari
Mifa and BEL
PT Media Djaya Bersama
— 70% ownership in MDB
— To begin coal production in 2012 by using existing
infrastructure and begin construction of own infrastructure
in 2012
— Intends to sell coal to Indian power plants for blending
— Logistic advantages: Close to the Ocean – 12 km pit to port
— Plan to build land conveyer belt for logistic
Site Layout of TIA Concession Area Site Layout of MDB Concession Areas
Sumatra
Indonesia
Kalimantan
TIA
Concession Area
Pt Tunas Inti Abadi
Rom Stockpile
Office and Camp Facilities
Intermediate
Stockpile
Area Port Pt. PBR
Road Concession Area River
Site Layout – Concession Area
27
Entity
Concession
Holding
Company
Type of
Concession Location
Current
Concession
Area (ha)
Expiry
Date of
Current
Phase
TIA TIA IUP(1) South
Kalimantan2,355
Mar 16,
2021
TIA TIA IUP(1) South
Kalimantan719
Mar 5,
2021
BEL BEL IUP(1) Aceh 1,495Sep 26,
2017
Mifa Mifa IUP(1) Aceh 3,134Apr 13,
2025
TIA MDB
Calorific Value (Adb) 5,370 kcal/kg 5,310 kcal/kg
Caloric Value (GAR) 3,960 kcal/kg 3,440 kcal/kg
Total Moisture (AR) 37.4% 43.8%
Ash Content (Adb) 5.7% 4.6%
Sulfur (Adb) 0.15% 0.16%
Source PT Runge Indonesia Statement of Open Cut Coal Resources and Reserves
for TIA, BEL and Mifa concessions, as of 30 June 2011
Concession Breakdown Coal Characteristics
Concession Breakdown and Coal Char
28
Expected PBR Port Capacity
Loading Conveyor5 mtpa
900 meters long
Barge300 feet barge (8,000 tons)
2 loading facilities
Crusher Up to 750 tons / hour
Stockpile 120,000 tons
28,437,1 34,9
46,6
0
25
50
2009 2010 1H 2010 1H 2011
Year Ended Dec 31
29,0 31,0 30,0 32,0
0
25
50
2009 2010 1H 2010 1H 2011
Year Ended Dec 31
TIA - Average Selling Price(1)
US$ / ton
TIA - Total Cash Cost (1)(3)
US$ / ton
6 Months Ended Jun 30
6 Months Ended Jun 30
Historical Coal Production and Projected Capacity (1)
Million Tons
Average Strip Ratio
Year Ended Dec 31
14,6
4,7 3,76,8
0
5
10
15
2009 2010 1H 2010 1H 2011
6 Months Ended Jun 30
Year Ended Dec 31
0,1
1,0
0,0
0,5
1,0
1,5
2009 2010
(2)
Average Selling Price, Production Cash Cost and Strip Ratio
29
SSB Operations SSB Business
Transport
Equipment
Division
Designing, manufacturing and distributing
products for transportation and material
handling business
Site Services
Division
On-site repair, process plant maintenance and
construction services
Fabrication
Division
Design and manufacture of process equipment,
general fabrication, site construction and
installation solutions
Re-Manufacturing
Division
Salvaging, remanufacturing and manufacturing
of heavy equipment core components
PT. Sanggar Sarana Baja (SSB) – Engineering Services
30
Business Overview
— Integrated logistics provider offering freight forwarding,
project logistics, industrial / offshore and coal logistics
shipping, warehouse and shorebase management services
— Freight forwarding services: Integrated logistics services
via owner and third party operated freight services
— Project logistics: Transportation of over weight and over
size cargo (heavy equipment, machines and engines)
— Energy related logistics: Industrial, offshore and coal
logistics shipping and warehouse and shorebase
management services
— PT Baruna Dirga Dharma (BDD) is our coal logistic.
— Provides through CKB and a third-party sub-contractor,
barging services to TIA as a part of its coal logistics chain
— Over 330 employees and operates integrated sea, air and
road networks from 35 branches and offices in Indonesia
— ISO 9001: 2008 and OHSAS 18001: 2007
PT. Cipta Krida Bahari (CKB) – Integrated Logistic
31
32
Contact
Investor Relations
Errinto Pardede
Tel:6221-2997-6767 Ext.1874
Fax : 6221-2997-6768
Email : [email protected]
Email : [email protected]
Website : www.abm-investama.com
Gedung TMT 1, 18th Fl, Suite 1802
Jl Cilandak KKO No.1
Jakarta 12560 - Indonesia