2015
“Sustainability Resilience”
Operational 1Q14
1Q15
Δ
Production Vol 1.9
1.5 21.1
Sales Vol 1.9
1.9 0.0
Stripping Ratio 13.5
12.4 8.1
Sales 122.0
111.7 8.4
EBITDA 21.1
17.7 16.1
Net Profit 12.8
10.5 18.0
Financial 1Q14
1Q15 62.9
NEWC Index 65.8
15.7 78.1
ASP 58.8
6.5
mn ton mn ton
x USton
USton
US mn US mn
US mn
Δ
EBITDATon 11.1
9.3 16.2
USton
Focused on profitable production output through optimization of :
• Infrastructure and connectivity sharing
hauling road and coal processing plant
• Joint mine plan • Coal sale pricing driven by relationship,
consistency in scheduled delivery and product quality
• Competitive price-fixing relative to
benchmark Newcastle adjusted price
Note: 1 EBITDA = Gross Profit
– selling expenses – GA + depreciation and amortization
2008 2009
2010 2011
2012 2013
2014 2015e
ABN IM
TMU
G uidan
ce Yearly Coal Production
Mt : In Million Tons
5.6 6.5
6.0 – 8.0
8.1
Production volume rose significantly from only 800K tons in 2008 to 8.1
mn tons in 2014, booking CAGR growth of 47.1 over 6 years
2014 production volume of 8.1 mn tons exceeded 2013 volume by
24.6 and 2014 internal target of 7.2-7.8 mn tons
To preserve profitable margin and coal reserves, 2015 production target
expected at 6.0-8.0 mn tons
Stripping Ratio SR expected to stabilize at 11x
– 12x in 2015 from 13.3 in 2014
1Q15 results from subsidiaries came in line with 2015 quarterly guidance
Cumulative production achievement 10 Mt
Cumulative production achievement 20 Mt
5.2 4.1
0.8 2.0
2008 2009
ABN IM
0.1 1.1
0.7 0.9
0.8 2.0
Production Vol. mt
2010 2011
3.1 3.8
1.0 1.4
4.1 5.2
2012 4.4
1.0 5.6
2013 2014
4.2 4.4
1.4 2.3
6.5 8.1
TMU SR x
- -
11.9x 10.5x
- -
9.9x 12.7x
0.2 14.9x
0.9 1.4
13.4x 13.3x
2015e 4.0-5.0
1.1-1.5 6.0-8.0
0.9-1.5 11x
– 12x
Quarterly Production Stripping Ratio SR
Production in Thousand Tons
Production Summary
MT: Million Ton
1Q14 1Q15
Change Comment
Sales Volume mt
SR x 1.9
1.9
13.5 12.4
