Important Notice - listed...
Transcript of Important Notice - listed...
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Important Notice
Important Notice
This presentation contains certain statements that are not statements of historical fact, i.e. forward-looking statements. Investors can identify some of these statements by forward-looking items such as ‘expect’, ‘believe’, ‘plan’, ‘intend’, ‘estimate’, ‘anticipate’, ‘may’, ‘will’, ‘would’, and ‘could’ or similar words. However, you should note that these words are not the exclusive means of identifying forward-looking statements. These forward-looking statements are based on current expectations, projections and assumptions about future events. Although Geo Energy Resources Limited believes that these expectations, projections, and assumptions are reasonable, these forward-looking statements are subject to the risks (whether known or unknown), uncertainties and assumptions about Geo Energy Resources Limited and its business operations.
• Some of the key factors that could cause such differences are, among others, the following:
• changes in the political, social and economic conditions and regulatory environment in the jurisdictions where we conduct business or expect to conduct business;
• the risk that we may be unable to realise our anticipated growth strategies and expected internal growth;
• changes in currency exchange rates;
• changes in customer preferences and needs;
• changes in competitive conditions in the dental services industry and our ability to compete under these conditions;
• changes in pricing for our services; and
• changes in our future capital needs and the availability of financing and capital to fund these needs.
• Given these risks, uncertainties and assumptions, the forward-looking events referred to in this presentation may not occur and actual results may differ materially from those expressly or impliedly anticipated in these forward-looking statements. Investors are advised not to place undue reliance on these forward-looking statements.
• Investors should assume that the information in this presentation is accurate only as of the date it is issued. Geo Energy Resources Limited’s business, financial conditions, results of operations and prospects may have changed since that day. Geo Energy Resources Limited has no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
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Understanding Geo
Coal Mining Specialist in Indonesia
Headquartered in Jakarta with a corporate office in Singapore
Mine Owner and Contractor having produced more than 4 million tonnes of coal since 2008
Owns BEK Mining Concession and has entered into conditional S&P agreements for five other mining
concessions
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Work Process
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Production Planning & Scheduling
Secure and Maintain Licenses and
Permits
Land Clearing and Overburden
Removal Coal Excavation
Coal Haulage
Crushing and Loading
Coal Sale
Reclamation and Rehabilitation
Mine Owner
Legend: Work activity undertaken by the Group
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Work Process
Production Planning & Scheduling
Secure and Maintain Licenses and
Permits
Land Clearing and Overburden
Removal Coal Excavation
Coal Haulage
Crushing and Loading
Coal Sale
Reclamation and Rehabilitation
Legend: Work activity undertaken by the Group
Work activity undertaken by third party mine owner
Mine Contractor
Our Track Record
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Location Site Area Period of Operations Calorific Value (GAR) (Kcal/Kg)
Coal Produced (Tonnes)
Banjar Regency, South Kalimantan
156 ha Oct 2008 – Jul 2009 >3,800 326,000
Kutai Kartanegara Regency, East Kalimantan
100 ha Aug 2009 – Jun 2010 >5,500 218,000
Kutai Kartanegara Regency, East Kalimantan
195 ha Nov 2009 – Sep 2012 >5,500 549,000
Samarinda City, East Kalimantan
192 ha July 2010 – Sep 2012 >5,500 1,100,000
Paser Regency, East Kalimantan
94 ha Dec 2010 – May 2011 >3,500 87,000
Kutai Kartanegara Regency, East Kalimantan
98 ha June 2011 – Mar 2012 >5,500 344,000
BEK Mine Concession
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4,570 ha in Kutai Barat Regency, East Kalimantan 6 year mine life based on 12.5m tonnes of reserves 30.7m tonnes of resources in addition to reserves Approximately 1,438,000 tonnes of coal produced as at 31 Mar 2013 Calorific value in excess of 3,400 GAR Commenced production in February 2012 Concession period of 20 years, commencing April 2011
Key milestones for the BEK Concession Area
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Jan 2012
• Land Clearing
Feb 2012
• Overburden Removal
• Coal Extraction
31 Dec 2012 964,000 tonnes of coal produced
31 Mar 2013 1,438,000 tonnes of coal produced
Mine Contracting Services
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Entered into Mining Services Agreement and Coal Sale and Purchase Agreement for Block I and II Overburden removal and coal hauling services
PT Bumi Jaya Prima Etam
Our Customers
Geo Energy Resources
Coal Traders and Export Companies
(Coal Sales)
Power plants, cement factories and other
industrial users
Other Mine Owners (Mine Contracting Services)
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63.0
1.7
14.1
FY2012 Revenue (US$'m)
Indonesia China South Korea
Competitive Strengths
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Experienced management with extensive knowledge of the Indonesia coal industry
Extensible customer network and established reputation
Owns and operates a comprehensive fleet of mining equipment and mining facilities
Cordial working relationship with regulatory authorities and communities
Experienced Management Team
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Mr. Charles Antonny Melati, Executive Chairman
• Mr. Melati is one of the founders of the Group and oversees the overall strategic directions and expansion plans for the growth and development of the Group
• Extensive commercial contacts within the Indonesian coal mining industry players; good relationships with the relevant regulatory authorities
Mr. Dhamma Surya, CEO
• Mr. Surya is one of the founders of the Group and is responsible for the overall business and general management of our Group
• Responsible for day-to-day ground operations at Group’s coal mining sites; conversant with the Group’s mining operations
Mr. Huang She Thong, Executive Director
• Mr. Huang is one of the founders of the Group and oversees the business developments and sales targets of our Group
• Hands on management of coal mining operations; extensive participation in coal mining seminars & conferences
Mr. James Beeland Rogers Jr, Non-Executive Director
• Mr. Rogers joined the Group in December 2012
• Renowned international investor with active interests and extensive knowledge in the mining and energy industries
Corporate Initiatives
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Worker Health and Safety Standards
Environmental Matters and Auditing
Corporate Social Responsibility
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Indonesian Coal Industry
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161 billion tonnes of coal resources in Indonesia
More than 30% found in East Kalimantan
Source: Ministry of Energy and Mineral Resources, Republic of Indonesia, February 2012
17 Source: Asia Pacific Mining Conference Indonesia (APMCI) 2012, 10-11 October 2012, Bob Kamandanu
Indonesian Coal Long Term Outlook
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Coal Demand
Japan Market • Japan will buy more lower-grade thermal coal to cut
power-generation costs
China and India Market
• Global coal demand growth expected to remain strong
• China coal imports in 2012 totalled 227m tonnes
• Indian coal imports expected to rise to approx. 110m tonnes in 2013/14
Indonesia Market • Domestic coal demand is expected to grow from
60.0m tonnes (2010) to 300m tonnes (2025)
• Indonesia is world largest coal exporter in 2011*
*Source: http://www.worldcoal.org/resources/coal-statistics/; Statistics for 2012 are not yet available / Bloomberg
19 Source: http://www.bloomberg.com/news/2013-02-20/indonesia-s-2013-coal-output-may-rise-5-2-association-says-1-.html
Why Indonesian Coal?
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Why Indonesian Coal?
Source: http://www.bloomberg.com/news/2013-06-05/china-coal-import-ban-unlikely-on-cost-indonesian-miners-say.html
Market Developments
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New Mining Law (30 Sep 2012) - Mine owners are required to carry out coal production and sale activities
Geo Energy has transformed into a full-fledged mining contractor with mining services capabilities
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Overburden Removal
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8,707
13,945
8,029
4,154
1,688
1,912
FY2010 FY2011 FY2012 1Q2013
BCM (‘000) Coal Cooperation Contracts BEK Mining Services
Coal Production
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787 853
593
964
474
FY2010 FY2011 FY2012 1Q2013
Tonnes (‘000)
Coal Cooperation Contracts BEK
Coal Sales Volume
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763 910
645
945
410
FY2010 FY2011 FY2012 1Q2013
Sales Volume (‘000 tonnes)
Coal Cooperation Contracts BEK
50.1
69.2 78.8
19.3 17.8
37.9 38.5
46.0
39.7
54.9
0
50
100
FY2010 FY2011 FY2012 1Q2012 1Q2013
Revenue (US$'m) Gross Profit Margin (%)
Revenue and Gross Profit Margin
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Group Net Profit and Net Profit Margin
11.1 14.4
19.2
4.3 5.1
22.2 20.8
24.3
22.2
28.9
0
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FY2010 FY2011 FY2012 1Q2012 1Q2013
Group Net Profit Net Profit Margin (%)
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Our Fleet Of Mining Equipment
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Dec-10 Dec-11 Dec-12 Mar-13
Articulated 11 13 13 34
Compact 1 1 1 1
Bulldozer 19 21 23 27
Dump Truck 53 76 76 96
HD Truck 7
Excavator 35 39 40 48
Grader 3 4 5 6
Hauling Truck 22 22 22 22
Wheel Loader 3 3 6 6
Total 147 179 186 247
Our Fleet Of Mining Equipment
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HE Type Brand Model Unit
Articulated CAT 740 3
Volvo A40E 10
Volvo A40F 21
Bulldozer CAT D6R 1
CAT D6R XL 2
CAT D7G 11
CAT D8R 4
CAT D9R 2
CAT D10T 2
Bulldozer Komatsu D85E-SS-2 6
Komatsu D375A-5 2
HD Truck CAT 773E 7
Dump Truck Nissan CWB45ALDN 63
Hino FM260 JD 26
Hino FM260 TI 2
Hino FM320 JD 5
Manhaul Hino FM320 JD 2
HE Type Brand Model Unit
Fuel Truck Hino FM320 JD 1
Service Truck Hino FM320 JD 1
Hauling Truck Scania P420CB 14
Excavator CAT 320 D 9
CAT 330 DL 7
CAT 336 DL 5
CAT 345 DL 16
Excavator Komatsu PC400L8E-8 6
Komatsu PC1250 2
Excavator Hitachi ZX870H-5G 3
Hitachi ZX879 H 1
Grader CAT 120 H 2
CAT 14 M 2
CAT 160 K 2
Wheel Loader CAT 966 H 6
Compact CAT CS-533E 1
Total (As at Mar 2013) 247
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Future Plans
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Acquisition of new mining
concessions
Securing new mining
services contracts
Acquisition of
additional mining
equipment
Broadening customer
base regionally
Recent Mining Concession Acquisitions
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• Kutai Barat Regency, East Kalimantan
• 5,010ha
• 4,000 kcal/kg (GAR)
PT Kencana Wilsa
• Kutai Barat Regency, East Kalimantan
• 6,350ha
• 6,500 kcal/kg (GAR)
PT Karya Permata Prima
• Kutai Barat Regency, East Kalimantan
• 5,094ha
• 5,500 kcal/kg (GAR)
PT Central Coalindo Utama
• Kutai Barat Regency, East Kalimantan
• 4,923ha
• 5,000 – 6,500 kcal/kg (GAR)
PT Bomboy Central Prima Coal
• Kutai Barat Regency, East Kalimantan
• 4,600ha
• 7,200 kcal/kg (GAR) and Semi-Coking Coal
PT Surya Tambang Tolindo
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Map of New Mining Concessions
1. Kencana Wilsa
2. Central Coalindo Utama
3. Bomboy Central Prima Coal
5. Surya Tambang Tolindo
4. Karya Permata Prima
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Robust Coal Demand
Comprehensive Fleet of Mining
Equipment
Asset Owner with Potential
for Growth and Strong Local
Knowhow
Experienced Management
Team
Investment Merits
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Investor Relations | Financial PR Pte Ltd | Romil SINGH, Associate Director | Jonathan THEO, Associate T: +65 6438 2990 F: +65 6438 0064 | [email protected].,sg
Appendix
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Company Pictures - Operations
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Company Pictures - Operations
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Company Pictures – Machinery Fleet
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Company Pictures – Machinery Fleet
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Company Pictures – CSR
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Company Pictures – CSR