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
0.0
8.1
Sales volume stabilized at 1.9 mn tons
SR continued to fall resulting in lower mining cost
1.9 1.5
Production volume decreased y-o-y to 1Q15 to ensure profitable margin
21.1 Production
Volume mt
Production Summary
MT: Million Ton
1Q15 production came in line with 2015 quarterly guidance of 1.5-
2.0 mn tons To anticipate potentially weaker
coal prices in 2015, the relatively higher SR in 4Q14 stemmed from
higher pre-stripping activities to allow for better coal extraction in
subsequent periods.
In line with internal SR guidance, 1Q15 SR decreased to 12.4x vs
13.8 in 4Q14 and 13.5x in 1Q14
1.298 1.501
1.802 1.950
1.911 2.160
2.330 1.653
1.505 15,1x
13,6x 12,7x
12,7x 13,5x
13,8x 12,5x
13,8x 12,4x
0,0x 5,0x
10,0x 15,0x
20,0x
500 1.000
1.500 2.000
2.500
1Q13 2Q13
3Q13 4Q13
1Q14 2Q14
3Q14 4Q14
1Q15
Production Volume 000 Stripping Ratio
ABN
TMU IM
PT Kutai Energi
Quarterly Production Stripping Ratio
Production in Thousand Tons
Key Highlights
Dump Dist. m
1,894 1,842
1,853 2,111
2,153
Q-o-q production declined 9.9 to 0.9 mn tons in 1Q15 but in line with 2015 internal guidance
4Q14 SR rose from previous quarters due to relatively high pre-stripping to anticipate better coal
extraction during continued weak coal prices in 2015
SR decreased y-o-y by 7.1 to 13.1x in 1Q15
1.003 1.213
1.300 930
904 14,1x
14,9x 12,4x
14,2x 13,1x
0x 5x
10x 15x
20x
200 400
600 800
1.000 1.200
1.400
1Q14 2Q14
3Q14 4Q14
1Q15
Production Volume 000 Stripping Ratio
TMU ABN
PT Kutai Energi
Quarterly Production Stripping Ratio
Production in Thousand Tons
Key Highlights
Although 1Q15 production volume fell y-o-y to 1Q15, it came in line with 2015 quarterly internal guidance
of 200K – 300K tons
SR decreased significantly from 13.7x in 1Q14 and from 13.3x in 4Q14 to 12.0x in 1Q15
Dump Dist. m
1,904 1,751
1,957 1,831
2,255 547
570 700
493 388
13,7x 12,8x
13,3x 13,3x
12,0x
0x 5x
10x 15x
100 200
300 400
500 600
700 800
1Q14 2Q14
3Q14 4Q14
1Q15
Production Volume 000 Stripping Ratio
ABN IM
PT Kutai Energi
Note:
- - -
Hauling road
Key Highlights Quarterly Production Stripping Ratio
Production in Thousand Tons
1Q15 production volume came in line with 2015 internal production guidance
SR declined 8.8 and 19.4 from 11.4x in 1Q14 to 10.4x in 1Q15 and from 12.9x in 4Q14 to 10.4x in
1Q15 respectively
362 379
400 231
213 11,4x
11,7x 11,7x
12,9x 10,4x
0x 5x
10x 15x
50 100
150 200
250 300
350 400
450
1Q14 2Q14
3Q14 4Q14
1Q15
Production Volume 000 Stripping Ratio
16
1Q15 Financial Highlights
3
Quarterly FOB Cash Cost In USton
Notes: 1 FOB Cash Cost = COGS including royalty and selling marketing expense
– depreciation and amortization 2 Adj. FOB cash costs = COGS, including selling marketing expense and royalty
– depreciation amortization of exploration development and excluding deferred stripping cost
Constant convergence between FOB cash cost and adjusted FOB cash cost underline normalization of SR over quarterly period resulting from more efficient mine operations
67 69
60 57
55 55
53 49
49 53
51 50
47 77
73 63
52 59
56 51
52 51
54 50
51 46
17,7x 16,6x
14,2x 12,0x
15,1x 13,6x
12,7x 12,7x
13,5x 13,8x
12,5x 13,8x
12,4x
0x 3x
6x 9x
12x 15x
18x 21x
20 40
60 80
100
1Q12 2Q12
3Q12 4Q12
1Q13 2Q13
3Q13 4Q13
1Q14 2Q14
3Q14 4Q14
1Q15 FOB cash cost
Adj. FOB cash cost SR
15,8 13,9
2,6 3,7
2,6 0,9
1Q14 1Q15
TMU IM
ABN
01 0,9
0,5 0,4
0,4 0,2
1Q14 1Q15
TMU IM
ABN
Production in mt
1.9 1.5
