Quarterly Production SR
Production in Thousand Tons
Production Summary
MT: Million Ton
1H15 1H16
Change Comment
Sales Volume
SR x 3.3
3.1
12.5 13.1
6.1
4.8
1H16 sales volume tracked its 1H16 production volume
SR edged up due to pre-stripping at ABN, and in line with mine plan
3.0 2.8
Production volume in 1H16 stabilized at 2.8 mn tons in line with mine plan, while ensuring certain margin
and optimizing reserve preservation
6.7 Production
Volume
Production Summary
MT: Million Tons
Q-o-q production volume of 1.3 mn tons in 2Q16 came in line with
2016 quarterly guidance of 1.25 - 1.75 mn tons
2Q16 SR rose to 13.9x from 12.4x in 1Q16 due primarily to
pre-stripping activity at ABN new pit
SR in subsequent quarter is expected to remain at similar level
before normalizing in 4Q16
2,160 2,330
1,653 1,505
1,469 1,565
1,529 1,503
1,269 13.8x
12.5x 13.8x
12.4x 12.5x
12.0x 12.1x
12.4x 13.9x
0.0x 5.0x
10.0x 15.0x
20.0x
500 1,000
1,500 2,000
2,500
2Q14 3Q14
4Q14 1Q15
2Q15 3Q15
4Q15 1Q16
2Q16
TOBA
Production Volume 000 Stripping Ratio
ABN
TMU IM
PT Kutai Energi
Quarterly Production SR
Production in Thousand Tons
Key Highlights
2Q16 quarterly production decreased y-o-y and q-o-q from 1Q16 and 2Q15 respectively due to pre-
stripping activity
SR in 2Q16 rose to 15.0x due to pre- stripping activity at ABN’s opening of new pit
969 987
994 1,071
876 13.3x
13.0x 12.6x
12.9x 15.0x
0x 5x
10x 15x
20x
200 400
600 800
1,000 1,200
2Q15 3Q15
4Q15 1Q16
2Q16
ABN
Production Volume 000 Stripping Ratio
TMU ABN
PT Kutai Energi
Quarterly Production SR
Production in Thousand Tons
Key Highlights
Production increase to 173K tons in 1H16 came in line with 2016 internal quarterly guidance of 125K -
175K tons
SR in 1Q16 stabilized y-o-y and q-o-q at 12.0x
231 319
288 140
173 12.7x
12.2x 13.6x
12.0x 12.0x
0x 5x
10x 15x
50 100
150 200
250 300
350
2Q15 3Q15
4Q15 1Q16
2Q16
IM
Production Volume 000 Stripping Ratio
ABN IM
PT Kutai Energi
Note:
- - -
Hauling road
Key Highlights Quarterly Production SR
Production in Thousand Tons
2Q16 production volume came in at 220K tons, slightly below 2016 internal quarterly production guidance
of 225K-325K tons
2Q16 SR on q-o-q stabilized but edged slightly on y-o-y basis
269 259
247 292
220 9.4x
8.3x 8.3x
10.8x 10.6x
0x 5x
10x 15x
50 100
150 200
250 300
350
2Q15 3Q15
4Q15 1Q16
2Q16
TMU
Production Volume 000 Stripping Ratio
17
3
1H16 Financial Highlights
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 deferred exploration development costs and excluding deferred stripping cost
Divergence between SR averaging at 12x-13x and falling FOB cash cost reflect Toba operating within mine plan and more efficiently over time
60 57
55 55
53 49
49 53
51 50
47 43
41 38
35 35
63 52
59 56
51 52
51 54
50 51
46 42
41 38
34 35
14.2x 12.1x
15.1x 13.6x
12.7x 12.7x
13.5x 13.8x
12.5x 13.8x
12.4x 12.5x
12.0x 12.1x
12.4x 13.9x
0x 3x
6x 9x
12x 15x
18x 21x
20 40
60 80
100
3Q12 4Q12
1Q13 2Q13
3Q13 4Q13
1Q14 2Q14
3Q14 4Q14
1Q15 2Q15
3Q15 4Q15
1Q16 2Q16
FOB cash cost Adj. FOB cash cost
SR
Notes: 1 FOB Cash Cost = COGS inc. royalty and selling marketing expense
– depreciation amortization
2 EBITDA = Gross Profit – selling expenses – GA + depreciation amortization + other non-
cash items
23.9 20.2
