Quarterly Production Stripping Ratio SR
Production in Thousand Tons
Production Summary
MT: Million Ton
9M14 9M15
Change Comment
Sales Volume mt
SR x 6.1
4.8
13.2 12.3
21.3
6.8
Sales decreased by 21.3
SR continued to fall resulting in lower mining cost
6.4 4.5
Production volume decreased y-o-y to 4.5 mn tons in 9M15 to ensure profitable margin
29.7 Production
Volume mt
Production Summary
MT: Million Ton
Q-o-q production volume of 1.6 mn tons remained stable, which
came in line with 2015 quarterly guidance of 1.5-2.0 mn tons
9M15 SR stabilized at 12.3x, on track of achieving annual SR
guidance of 11x – 12x
Q-o-q SR decreased by 4.0 from 12.5x in 3Q15 to 12.0x in
3Q15
12
1,802 1,950
1,911 2,160
2,330 1,653
1,505 1,469
1,565 12.7x
12.7x 13.5x
13.8x 12.5x
13.8x 12.4x
12.5x 12.0x
00x 05x
10x 15x
20x
500 1,000
1,500 2,000
2,500
3Q13 4Q13
1Q14 2Q14
3Q14 4Q14
1Q15 2Q15
3Q15
Production Volume 000 Stripping Ratio
ABN
TMU IM
PT Kutai Energi
Quarterly Production Stripping Ratio
Production in Thousand Tons
Key Highlights
Q-o-q production increased to 987 thousand tons in 3Q15, in line with 2015 internal guidance
SR stabilized at 13.0x in 3Q15, on track of achieving annual SR guidance
SR decreased y-o-y by 5.1 from 13.8x in 9M15 to 13.1x in 9M15
13
1,300 930
904 969
987 12.4x
14.2x 13.1x
13.3x 13.0x
0x 5x
10x 15x
20x
200 400
600 800
1,000 1,200
1,400
3Q14 4Q14
1Q15 2Q15
3Q15
Production Volume 000 Stripping Ratio
Dump Dist. m
1,853 2,111
2,153 2,327
2,461
TMU ABN
PT Kutai Energi
Quarterly Production Stripping Ratio
Production in Thousand Tons
Key Highlights
Production increase of 38.1 q-o-q from 231K tons in 2Q15 to 319K tons in 3Q15 came in line with 2015
quarterly internal guidance of 200K – 300K tons
Q-o-q SR decreased from 12.7x in 2Q15 to 12.2x in 3Q15 and y-o-y SR decreased from 13.2x in 9M14 to
12.2x in 9M15, on track of achieving the annual SR guidance
14
700 493
388 231
319 13.3x
13.3x 12.0x
12.7x 12.2x
0x 5x
10x 15x
100 200
300 400
500 600
700 800
3Q14 4Q14
1Q15 2Q15
3Q15
Production Volume 000 Stripping Ratio
Dump Dist. m
1,957 1,831
2,255 2,346
2,099
ABN IM
PT Kutai Energi
Note:
- - -
Hauling road
Key Highlights Quarterly Production Stripping Ratio
Production in Thousand Tons
3Q15 production volume decreased slightly to 259K tons, achieving 2015 quarterly internal production
guidance
Q-o-q and y-o-y SR declined by 11.7 and 26.8 respectively, from 9.4x in 2Q14 to 8.3x in 3Q15 and from 12.7x in 9M14 to 9.3x in 9M15
15
400 231
213 267
259 11.7x
12.9x 10.4x
9.4x 8.3x
0x 5x
10x 15x
50 100
150 200
250 300
350 400
450
3Q14 4Q14
1Q15 2Q15
3Q15
Production Volume 000 Stripping Ratio
16
9M15 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
17
67 69
60 57
55 55
53 49
49 53
51 50
47 43
41 77
73 63
52 59
56 51
52 51
54 50
51 46
42 40
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 12.5x
12.0x
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 2Q15
3Q15
FOB cash cost Adj. FOB cash cost
SR
Production in mt
6.4 4.5
