Disclaimer - ABM Investama
Transcript of Disclaimer - ABM Investama
Disclaimer
Tunas Inti Abadi
Bara Energi Lestari
Mifa Bersaudara
Media Djaya Bersama
Alfa Trans Raya
Baruna Dirga Dharma
Pelabuhan Buana Reja
Tiara Marga Trakindo Valle Verde Pte Ltd Public
56.00% 21%23%
ABM is an integrated energy company which focuses on Mining. The Group Structure is established to strengthen Mining Business which consisted of Mining Operation, Mining Contractor, Barging and Fuel Supply
3 IUP
2 Provinces
51 Branches
24 Provinces
8 Locations
4 Provinces
9 Projects
5 Provinces
10 Branches
7 Provinces
6,933 28Employees Provinces
*as of Dec 2018*as of Dec 2018
Low-CV Indonesian Coal Prices Edge Higher
Newcastle thermal coal gains traction amid easing concerns over Chinese import restrictions
Start in mid August, low CV Indonesian coal derivatives prices edge higher and the market was strengthening
*Until 25 Oct 2019
117.2 120.7 118.2 114.4 108.1
99.4 100.0 97.9 91.7 89.4
80.9 78.2 69.2 72.1
62.1 62.6 64.3
48.1 46.5 39.4 38.4 37.9
31.8 30.2 32.6 36.1 38.7 38.2 38.4 36.1 34.8 31.6 32.4 34.1
28.9 28.1 25.6 24.1 23.5 20.9 19.1 20.2 21.6 22.4 22.2 22.8 21.8 21.2 19.5 20.0 21.2
Jun 18 Jul 18 Aug 18 Sep 18 Oct 18 Nov 18 Dec 18 Jan 19 Feb 19 Mar 19 Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19*
Newcastle 6300 GAR ICI Index 4200 GAR (ICI4) ICI Index 3400 GAR (ICI5)
Forward Price (Nov 19 – FY 2020) Coal Demand by Region
Source : • CIF ARA & Newcastle 6300 GAR from Platts as of October 31st 2019• Fob Indo 4,200 GAR from Argus as of October 31st 2019
Others
Other Asia
India
China
OECD
4500
4000
3500
3000
2500
2000
1500
1000
500
Mtoe
2000 2010 2020 2030 2040
Source : BP Energy Outlook: 2019 edition
56.55 58.15
60.20
64.00 67.10 67.25
69.60 71.90
34.50 34.35 34.80 34.90
Nov-19 Dec-19 Q1-20 2020
CIF ARA Newcastle 6300 GAR fob Indo 4,200 GAR
Indonesia Energy Mix of Power PlantProduction and Domestic Consumption
Coal54.4%
Renewable23.0%
Gas22.2%
Fuel0.4%
2025
RUPTL 2018 - 2027
458 461 456 461
528
76 86 91 97 115
2014 2015 2016 2017 2018
Produksi Konsumsi Domestik
Source : Kementerian ESDM RI
Source : Kementerian ESDM RI
▪ Coal production continue to increase in line with domesticconsumption and export
▪ The DMO target in 2018 reaches 121 million tons, but therealization is only 115 million tons. However, the realization of theDMO in 2018 has increased compared to previous years.
▪ The biggest coal market in Indonesia is power plant
▪ In 2025, based on the RUPTL 2018 – 2027, coal still thelargest contributor to the power plant
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5.45.8
5.34.6
3.43.0
2015A 2016A 2017A 2018A 9M 2018 9M 2019
29.8 27.5
40.0 40.8 42.9
33.5
2015A 2016A 2017A 2018A 9M 2018 9M 2019
4.84.1
5.4
7.0 6.77.1
2015A 2016A 2017A 2018A 9M 2018 9M 2019
23.7
19.8
24.1
30.7 30.1 31.0
2015A 2016A 2017A 2018A 9M 2018 9M 2019
1.4
0.5
2.7
4.9
3.7
5.5
2015A 2016A 2017A 2018A 9M 2018 9M 2019
21.7 22.4
26.3 24.926.5
20.2
2015A 2016A 2017A 2018A 9M 2018 9M 2019
2.5
0.7
2.42.2 2.2
2.4
2015A 2016A 2017A 2018A 9M 2018 9M 2019
29.225.4
18.716.7 16.2 17.5
2015A 2016A 2017A 2018A 9M 2018 9M 2019
17.516.6
17.6
20.0
15.4
13.4
2015A 2016A 2017A 2018A 9M 2018 9M 2019
131.1 131.3 129.1
140.4
104.7
71.7
2015A 2016A 2017A 2018A 9M 2018 9M 2019
4.9
42.3 54.9
136.8
89.4
46.1 0.7%
7.2% 8.0%
17.7%
15.4%
10.4%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
-
50.0
100.0
150.0
2015 2016 2017 2018 9M 2018 9M 2019
134.8
166.0 171.6 195.3
157.5
82.2
20.6%
28.1%24.8% 25.3%
27.1%
18.5%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
-
50.0
100.0
150.0
200.0
250.0
2015 2016 2017 2018 9M 2018 9M 2019
654.6 590.7
690.7 773.1
581.5
443.4
2015 2016 2017 2018 9M 2018 9M 2019
(38.1)
12.6 5.6
65.5
30.2 11.3
-5.8%
2.1%0.8%
8.5%
5.2%
2.5%
-10.0%
-5.0%
0.0%
5.0%
10.0%
(60.0)
(40.0)
(20.0)
-
20.0
40.0
60.0
80.0
2015 2016 2017 2018 9M 2018 9M 2019
* Incl. Reversal of of impairment losses on mining properties US$45.4 mn
0.3%
4.5%6.5%
17%14.8%
2015 2016 2017 2018 LTM 9M 2019
4.5
3.2 3.0
1.9
3.0
3.4 2.6
2.2
1.0
2.1
2015 2016 2017 2018 LTM 9M 2019
Debt/EBITDA Net Debt/EBITDA
3.5 3.3 3.2
1.5 1.4 2.7 2.7
2.3
0.8 1.0
2015 2016 2017 2018 LTM 9M 2019
Debt to Equity Net Debt to Equity
-21.9%
7.9% 3.4%
26.4%18.6%
2015 2016 2017 2018 LTM 9M 2019
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