28 annual report 2016
TITIK BALIK YANG
MENJANJIKAN
A PROMISING TURNING POINT
Laporan Tahunan 2016 Annual Report
TITIK BALIK YANG
MENJANJIKAN
A PROMISING TURNING POINT
Tahun 2016 menjadi titik balik yang menjanjikan bagi masa depan
BUMI Resources. Kesuksesan restrukturisasi utang di pertengahan
tahun serta kenaikan harga Batubara yang tak terduga, telah memberi
BUMI Resources sebuag awalan yang baru. Perseroan berkomitmen
untuk memanfaatkan adanya perkembangan yang menggembirakan
ini untuk menciptakan sebuah momentum pertumbuhan nilai yang
terus berlanjut hingga bertahun-tahun mendatang.
The year 2016 was indeed a promising turning point for BUMI
Resources. Following a successful debt restructuring in the mid of
the year, coupled with the unexpected surge of coal prices, BUMI
Resources now has a new start. The Company is committed to
capitalize this encouraging development to create a creating a
momentum of continuous growth in value for years to come.
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
IKHTISAR 2016
2016 HIGHLIGHTS
PT Bumi Resources Tbk. Laporan Tahunan 2016
592.6
2
Juta BCM
Million BCM
3%
Lapisan Penutup Tanah Overburden
Meningkat
Increase
Operasional
Operational
87.7
Juta Ton
Million Ton
10.6%
Volume Penjualan Sales Volume
Penjualan
Sales
Meningkat
Increase
Tinjauan Fungsional
Functional Review
USD
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
117.75
Juta
Million
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
105.39%
Total Laba Total Income
Keuangan
Financial
Meningkat
Increase
PT Bumi Resources Tbk. 2016 Annual Report
Tata Kelola Perusahaan
Good Corporate Governance
3
DAFTAR ISI
CONTENTS
TITIK BALIK YANG
MENJANJIKAN
A PROMISING TURNING POINT
6
Proil Perusahaan
Company Proile
6
Informasi Umum Perusahaan Corporate Information
7
Sekilas Perusahaan Company in Brief
8
Visi, Misi, dan Filosoi Perusahaan
Corporate Vision, Mission, and Philosophy
9
Bisnis Kami Our Business
10
Area Operasional Operation Areas
46
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
48
Tinjauan Kondisi Umum dan Prospek Usaha
Review on General Conditions and Prospects
52
Tinjauan Bisnis Business Review
60
Aspek Pemasaran Marketing Aspects
66
Tinjauan Keuangan Financial Review
78
Tinjauan Fungsional
Functional Review
80
Tinjauan Rencana dan Strategi
Plan and Strategy Overview
11
Jangkauan Pasar Market Distribution
84
Sumber Daya Manusia Human Resources
12
Struktur Organisasi Organization Structure
92
Teknologi Informasi Information Technology
14
Struktur Perseroan Company Structure
96
Manajemen Risiko Risk Management
16
Entitas Anak dan Asosiasi Subsidiaries and Associations
17
Lembaga Penunjang Pasar Modal
Capital Markets Supporting Institutions
18
Jejak Langkah Milestones
20
Peristiwa Penting 2016 Event Highlights 2016
21
Penghargaan & Sertiikasi Awards & Certiications
24
Ikhtisar Keuangan Financial Highlights
26
Ikhtisar Saham Stock Highlights
30
Laporan Manajemen
Management Report
108
Laporan Tata Kelola Perusahaan
Good Corporate Governance Report
111
Struktur Tata Kelola PT Bumi Resources Tbk
Corporate Governance Structure PT Bumi Resources Tbk
111
Rapat Umum Pemegang Saham
General Meeting of Shareholders
115
Rapat Umum Pemegang Saham Luar Biasa
Extraordinary General Meeting of Shareholders
116
Dewan Komisaris Board of Commissioners
122
Komite Komisaris Board of Commissioners Committees
128
Direksi Board of Directors
131
Komite Direksi Board of Directors’ Committee
30
Laporan Dewan Komisaris
Report from the Board of Commissioners
36
Laporan Direksi Report from the Board of Directors
134
Sekretaris Perusahaan Corporate Secretary
Pernyataan Tanggung Jawab Laporan Tahunan 2016
Statement of Responsibility for the 2016 Annual Report
137
Audit Internal Internal Audit
143
Sistem Pengendalian Internal The Internal Control System
145
Audit Eksternal External Audit
145
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
145
Manajemen Risiko Risk Management
45
145
Pedoman Perilaku “Cara Kita Melakukan Usaha”
(Versi 3.0) Oktober 2015
Code of Conduct “The Way we Conduct Business”
(Version 3.0) October 2015
146
Mr. SPIRIT sebagai Maskot Budaya Perusahaan
Mr. SPIRIT as BUMI’s GCG Mascot
146
Sistem Whistleblowing Whistleblowing System
148
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
150
Ikhtisar Kegiatan Tanggung Jawab Sosial Perusahaan
Summary of Social Responsibility Activities
161
Laporan Kegiatan CSR KPC
Report on KPC CSR Activities
182
Laporan Kegiatan CSR Arutmin
Report on Arutmin CSR Activities
206
Data Perusahaan
Corporate Data
208
Proil Dewan Komisaris Board of Commissioners Proile
210
Proil Direksi Board of Directors Proile
212
Proil Komite Audit Audit Committee Proile
213
Alamat Perusahaan Corporate Address
214
Laporan Keuangan Konsolidasian
Consolidated Financial Statement
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
INFORMASI UMUM PERUSAHAAN
CORPORATE INFORMATION
Nama Perseroan
Name of Company
PT Bumi Resources Tbk
Bidang Usaha
Line of Business
Minyak, Gas Bumi, Pertambangan Batubara dan Mineral
Oil, Natural Gas, Coal Mining and Mineral Industry
Modal Dasar
Authorized Capital
Rp38,750,000,000,000
Modal Ditempatkan dan
Disetor Penuh
Issued and Fully Paid Capital
Rp11,972,062,042,700
Kantor Pusat
Head Ofice
PT Bumi Resources Tbk. Laporan Tahunan 2016
PT Bumi Resources Tbk
Bakrie Tower, 12th Floor
Kompleks Rasuna Epicentrum
Jl. H.R. Rasuna Said
Jakarta 12940
Indonesia
6
Tel. +62 21 5794 2080
Fax. +62 21 5794 2070
Email: info@bumiresources.com
www.bumiresources.com
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
SEKILAS PERUSAHAAN
COMPANY IN BRIEF
Sejarah BUMI diawali dengan pendirian PT Bumi Modern,
pada tanggal 26 Juni 1973. PT Bumi Modern pada awalnya
bergerak dalam bidang industri perhotelan dan pariwisata.
Berdiri pada tahun 1973, saat itu bernama PT Bumi Modern, pada
mulanya Perseroan bergerak dalam bidang industri perhotelan
dan pariwisata. Setelah melakukan penawaran saham perdana
pada tahun 1990, BUMI bertransformasi dan memasuki industri
minyak, gas alam dan pertambangan pada tahun 1998. Seiring
dengan booming industri pertambangan nasional, BUMI tumbuh
pesat melakukan ekspansi usaha dengan menggali kekayaan
alam Indonesia, antara lain Batubara dan barang tambang
lainnya. Saat ini, BUMI tercatat sebagai salah satu eksportir
Batubara termal terbesar di dunia. Selain itu, BUMI juga memiliki
portofolio usaha bahan tambang lainnya. Dengan dukungan
pembiayaan yang kuat, kini BUMI juga memainkan peran sebagai
investor strategis.
Founded in 1973, under the name of PT Bumi Modern, the
Company initially engaged in the hospitality and tourism
businesses. Following the initial public offering in 1990, BUMI
transformed itself in order to engage in oil, natural gas and mining
businesses. Along with the booming in national mining industry,
BUMI grew rapidly and expanded its business by engaging in the
exploration of Indonesian natural wealth, among others coal and
other mining commodities. To date, BUMI is acknowledged as
the largest thermal coal exporter in the world. In addition, BUMI’s
business portfolio also includes other mining ventures. Supported
with strong inancial backup, BUMI now also takes the role of
strategic investor.
Seiring dengan perkembangan produksi, beroperasinya tambangtambang baru, serta upaya menciptakan nilai bagi pelanggan,
pemegang saham dan pemangku kepentingan, BUMI akan terus
maju dengan semangat discovery melalui pertumbuhan produksi
dan pertumbuhan yang berkelanjutan.
In line with the development of production, the operation of
new mines, and the efforts to create values for customers,
shareholders and stakeholders, with its discovery spirit BUMI
continues to move forward through its sustainable production and
growth.
PT Bumi Resources Tbk. 2016 Annual Report
BUMI’s history of began when PT Bumi Modern was founded on 26 June 1973.
Initially engaged in the hospitality and tourism businesses.
7
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
VISI, MISI, DAN FILOSOFI PERUSAHAAN
PT Bumi Resources Tbk. Laporan Tahunan 2016
CORPORATE VISION, MISSION, AND PHILOSOPHY
8
VISI
VISION
Menjadi perusahaan operator
bertaraf internasional dalam
sektor energi dan pertambangan.
To be a world-class, global
operator within the energy and
mining sectors.
MISI
MISSION
Menjaga kesinambungan usaha
dan daya saing Perseroan dalam
menghadapi persaingan terbuka
di masa mendatang dengan
tujuan untuk:
• Meningkatkan hasil investasi
dan nilai yang optimal bagi para
pemegang saham
• Memperbaiki kesejahteraan
para karyawan
• Meningkatkan kesejahteraan
masyarakat di wilayah operasi
pertambangan
• Menjaga kelestarian lingkungan
pada seluruh wilayah operasi
pertambangan
BUMI’s action are guided by three
underlying principles:
Langkah-langkah BUMI
berpedoman pada tiga prinsip
dasar:
• Bagaimana cara terbaik untuk
menciptakan nilai.
Achieving sustainability and global
competitiveness to:
FILOSOFI
PHILOSOPHY
• Bagaimana cara terbaik untuk
mencapai kemakmuran.
• Bagaimana cara terbaik
untuk mendapatkan pelbagai
peluang.
• Menjaga kelestarian lingkungan
pada seluruh wilayah operasi
pertambangan
• Increase return on investment
and enhance value for
shareholders
• Improve the welfare of our
employee
• Enhance public prosperity
around our mine sites
• Sustainably preserve the
environment
• Increase return on investment
and enhance value for
shareholders
• Improve the welfare of our
employee
• Enhance public prosperity
around our mine sites
• Sustainably preserve the
environment
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
BISNIS KAMI
Saat ini, Perseroan telah merampungkan proyek tambang
untuk meningkatkan rantai suplai Batubara, melengkapi
conveyor tambahan dengan sensor canggih untuk melacak
aliran dari tambang ke terminal laut. Nilai tinggi diperoleh
dari menjalin kedekatan hubungan dengan pelanggan,
melakukan tindakan cepat atas semua masukan pelanggan,
demi membangun jaringan global terpadu yang Perseroan
miliki saat ini. Hasil ditentukan dengan memenuhi spesiikasi
dan memastikan bahwa tenaga kerja mampu diberdayakan
untuk melakukan pekerjaan secara aman, eisien dan
menguntungkan.
Nowadays, the Company has completed major capacity
projects to optimize the coal supply chain, by adding a number
of conveyors with advanced sensors to maximize low from
the mines to the ocean terminals. High value is placed on
customer relationship, with assured speedy execution of all
customer contracts-to build the enviable integrated global
network we have today. Results are driven by meeting
speciications and ensuring that the workforce is empowered
to do the job safely, eficiently, and economically.
Perseroan telah menjalankan suatu program eisiensi baru
untuk meningkatkan kapasitas tambang seraya melakukan
penghematan atas semua biaya, pada saat tekanan global
memaksa produsen Batubara berkualitas tinggi memberikan
nilai yang lebih. Melalui rencana memonetisasi asetaset mineral yang bernilai, diharapkan Perseroan dapat
fokus dalam mengembangkan aset inti sehingga mampu
membangun kompetensi dan mengawasi permintaan global,
tren ekonomi, dan geopolitik.
Major new eficiency program has boosted mine capacity
whilst rationalizing all costs, at a time when global pressures
are forcing high quality coal producers to deliver even more
value at lower costs. With valuable mineral properties selected
for disposal, focus on core mineral interests can proceed at
pace, building competencies and keeping a close watch on
unfolding global demand, economic and geo-political trends.
Direksi
BUMI
menerapkan
strategi
pertumbuhan
untuk meningkatkan aset, mendongkrak produksi dan
melaksanakan pendekatan manajemen yang terfokus.
Melalui penerapan strategi yang dilakukan secara konsisten
dan dengan pendekatan berbasis risiko ini, BUMI akan
mampu mengirimkan lebih banyak Batubara ke pasar global
dan memproduksi aset tambang mineral yang dimilikinya
dalam rangka memenuhi permintaan global yang terus
meningkat.
BUMI’s Board of Directors is following a growth strategy to
expand its mining properties, to ramp up production, and to
execute a focused management approach. By doing these,
consistently and within a risk based framework, BUMI has
and aims to deliver more coal to global markets and bring its
many minerals properties into production to satisfy increasing
global demand.
Potensi BUMI untuk menjadi penambang berkelas dunia
telah terbukti dengan berkembangnya aset Perseroan
bagi pemegang saham, tersedianya lapangan pekerjaan,
terciptanya peluang yang ada di sekitar lokasi pertambangan
dan terpeliharanya lingkungan dengan keberhasilan dalam
program reboisasi hutan. Misi ini menyeimbangkan prioritas
yang ada di Perseroan dan menjadikan BUMI menjadi
perusahaan pertambangan yang diakui di dunia.
The potential to be a major global miner is visible in the value
already created and sought to be unlocked for its stakeholders,
the jobs already provided, the opportunities existing around
the mining sites, and the care for the environment that BUMI
priorities through its renewal of its natural habitat. These
missions have balanced the priorities of the Company,
and turned BUMI into an environment conscious, globallyrecognized leading mining company.
PT Bumi Resources Tbk. 2016 Annual Report
OUR BUSINESS
9
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
AREA OPERASIONAL
OPERATION AREAS
Gallo Oil
Saudi Arabia
Block 13
Oman
Republic of Yemen
Block R2
Kaltim Prima Coal
Dairi Prima Mineral
Gorontalo Minerals
Kutai Bara Nusantara
4
Pendopo Energi Batubara
3
6
5
Arutmin Indonesia
1
Citra Palu Minerals
6
PT Bumi Resources Tbk. Laporan Tahunan 2016
2
10
BUMI memiliki area operasional yang tersebar
luas mulai dari Sumatera Utara (Dairi Prima
Mineral & Pendopo Energi Batubara),
Sulawesi (Gorontalo Minerals & Citra Palu
Minerals), Kalimantan (Kaltim Prima Coal,
Arutmin Indonesia & Kutai Bara Nusantara),
dan Republik Yaman (Gallo Oil).
BUMI’s widespread operational areas range
from North Sumatra (Dairi Prima Mineral
& Pendopo Energi Batubara), Sulawesi
(Gorontalo Minerals & Citra Palu Minerals),
Kalimantan (Kaltim Prima Coal, Arutmin
Indonesia & Kutai Bara Nusantara) and the
Republic of Yemen (Gallo Oil).
1
2
3
South Sumatra
North Sumatra
South Kalimantan
4
5
Gorontalo
East Kalimantan
East Kalimantan
Palu
6
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
JANGKAUAN PASAR
MARKET DISTRIBUTION
Europe
0.52%
Korea
0.49%
Pakistan
0.19%
UAE
0.46%
China Mainland
12.00%
Taiwan
1.00%
India
24.00%
50,590,074
57.7%
35,546,894
40.5%
Utility
1,431,594
1.6%
110,799
0.1%
87,679,361
100%
Cement
0.19
0.26
0.03
12.00
37.00
24.00
%
Sales (ton)
Others
Penjualan Berdasarkan Negara Tujuan
Sales by Destination
14.00
Indonesia
37.00%
Power Plant
Total
0.49
0.52
1.00
1.00
1.00
2.00
6.00
Philippines
6.800%
Malaysia
1.00%
End User
57.7
Japan
14.00%
Destination
Sales (ton)
Indonesia
32,020,971
37.00%
India
20,776,308
24.00%
Japan
11,958,921
14.00%
China Mainland
10,428,654
12.00%
Philippines
5,672,688
6.00%
Thailand
2,155,462
2.00%
Hong Kong
1,125,263
1.00%
Taiwan
1,113,351
1.00%
Malaysia
938,214
1.00%
Europe
456,518
0.52%
Korea
429,667
0.49%
UAE
407,059
0.26%
Pakistan
168,427
0.19%
27,859
0.03%
87,679,361
100%
Vietnam
TOTAL
PT Bumi Resources Tbk. 2016 Annual Report
40.5
Thailand
2.00%
Vietnam
0.03%
Pemasaran Menurut Sektor Pengguna
Combined Sales by End User
0.1
1.6
%
Hong Kong
1.00%
11
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
STRUKTUR ORGANISASI
ORGANIZATION STRUCTURE
Rapat Umum Pemegang
Saham
General Meeting of
Shareholders
DEWAN
KOMISARIS
Board of
Commissioners
Eddie J. Subari
Anton Setianto S.
Nalinkant A. Rathod
KOMITE
REMUNERASI &
NOMINASI
Remuneration
& Nomination
Committee
DIREKSI
Board of Directors
DIREKTUR UTAMA
President Director/
CEO
Saptari Hoedaja
DIREKTUR IR &
Corp. Sec.
Director IR & Corp. Sec.
Dileep Srivastava
KOMITE AUDIT
Audit Committee
PT Bumi Resources Tbk. Laporan Tahunan 2016
KOMITE
MANAJEMEN
RISIKO
Risk Management
Committee
12
VP IR/Chief
Economist
Achmad Reza W.
Manager Corp.
Secretary
Irana Candra M.
CEO - PT Kaltim
Prima Coal
Saptari Hoedaja
CEO - PT Arutmin
Indonesia
Ido H. Hutabarat
CEO - PT Pendopo
Energy
Batubara & Sumatra
Coal
Wachjudi A. Martono
CEO - PT Bumi
Resources
Minerals Tbk.
Suseno
Kramadibrata
VP Marketing
Ido H. Hutabarat
VP Operation/HSE
Faisal Firdaus
VP Internal Audit
Lufti Julian
Gallo Oil (Jersey)
Ltd.
VP Risk
Management
Elly Slamet
VP Strategic
Business Dev.
Adika Nuraga
Bakrie
SVP
Communication &
Public Affairs
Christopher K. Fong
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
IT Steering
Committee
Code of Conduct
Committee
Hedge Risk Mgt.
Committee
Human Resources
Committee
DIREKTUR
Director
Andrew C. Beckham
VP Information
Technology
Dharyanto Effendi
Governance, CSR &
HSE Committee
VP Human Res &
General Affairs
Mahmud
Manager
Corporate Legal
Sandra A. Triyana
VP Business
Analyst
Fuad Helmy
Manager GL
Accounting
Zainudin
Legal KPC – AI
Adri Kurnia
Ezra
Manager
Business Analyst
Nugroho
Damardono
Manager Treasury,
Budget & Cost
Control
Dicky Zulkarnaen
Manager
Reporting
Hendy Roswandy
Manager Tax
(Vacant)
PT Bumi Resources Tbk. 2016 Annual Report
VP Finance &
Control
Denny Adrianz
DIREKTUR
Director
R.A. Sri Dharmayanti
13
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
STRUKTUR PERSEROAN
COMPANY STRUCTURE
PT Sitrade Coal
Kalimantan Coal Ltd
Sangatta Holdings
Ltd.
PT Arutmin
Indonesia
BUMI (99.98%)
BUMI (99.99%)
BUMI (99.99%)
BUMI (70%)
PT Arutmin CBM
PT Kaltim Prima
CBM
BUMI (99%)
PT Kaltim Prima Coal
BUMI Seri A (25%)
BUMI Seri B (0.004%)
BUMI (99%)
Enercoal Resources
Pte Ltd
BUMI (100%)
Bumi Netherlands BV
PT Coalindo Energi
BUMI (100%)
BUMI (4.59%)
PT Citra Prima
Sejati (CPS)
BUMI (99.75%)
PT Bumi Resources
Investment (BRI)
PT Mitra Bisnis Harvest
PT MBH Mining Resource
PT Buana Minera Harvest
BUMI (99.99%)
CPS (99.7%)
CPS (99.9%)
CPS (99.9%)
Tansar Gas Pte. Ltd.
Knightley Business (30%)
PT Bumi Resources Tbk. Laporan Tahunan 2016
PT Green
Resources
14
BRI (99.5%)
Pendopo Coal Ltd.
Zurich Assets International
Ltd.
BRI (89%)
BRI (80%)
PT Alphard Resources
International
Goldwave Capital Ltd.
Pendopo Coal (99.92%)
ZAI (100%)
PT Indah Alam Raya (IAR)
PT Darma Henwa Tbk
Alphard (95%)
Shareholders
ZAI (21.61%)
Goldwave (17.46%)
Public (60.93%)
PT Pendopo Energi
Batubara
IAR (99.9%)
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
PT Bumi Resources Tbk
(BUMI)
PT Indocoal Kaltim
Resources
PT Indocoal Kalsel
Resources
Forerunner
International Pte. Ltd.
Indocoal KPC Resources
(Cayman) Limited
BUMI (51%)
BUMI (70%)
BUMI (100%)
BUMI (51%)
PT Artha Widya Persada
PT Visi Multi Artha
Indocoal Resources
(Cayman) Ltd.
BUMI (30%)
BUMI (30%)
Forerunner (70%)
Bumi Capital Pte. Ltd.
Gallo Oil (Jersey) Ltd.
BUMI (100%)
BUMI (100%)
Knightley Business Resources
Pte. Ltd. (Knightley Business)
Ebury International
Pte. Ltd.
Bumi Investment Pte.
Ltd.
PT Lumbung Capital
BUMI (100%)
BUMI (100%)
BUMI (100%)
BUMI (99.8%)
Knightley Seamgas Pte. Ltd.
Knightley Business (100%)
(Previously known as Westside
CSG Holdings Pte. Ltd.)
PT Bintan
Minera
Resources
LC (99.9%)
LC (99.9%)
LC (99.9%)
PT Citra
Palu
Minerals
96.97%
International
Minerals
Company LLC
100%
PT Multi Capital
99.9%
Calipso
Investment
Pte. Ltd.
80%
PT
Gorontalo
Minerals
80%
Bumi Resources
Japan Company
Limited
100%
Herald
Resources Pte. Ltd.
100%
Gain & Win
Pte. Ltd.
100%
PT Dairi
Prima Mineral
80%
PT Multi Daerah
Bersaing
75%
Sahara Resources
Pte. Ltd
100%
PT Bumi Resources Tbk. 2016 Annual Report
BUMI (87.09%)
PT Sarkea Prima
Minerals
20%
Konblo Bumi
Inc.
5%
PT MBH
Minera
Resource
PT Bumi Resources
Minerals Tbk (BRMS)
PT Seamgas Indonesia
1. Knightley Business (50%)
2. Knightley Seamgas
Pte. Ltd.
(50%)
Lemington
Investments
Pte. Ltd.
99.9%
PT Citra
Jaya
Nurcahya
15
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
ENTITAS ANAK DAN ASOSIASI
SUBSIDIARIES AND ASSOCIATIONS
BUMI memiliki kepemilikan langsung di 24 anak perusahaan,
seperti yang dijabarkan pada tabel berikut:
Nama Perusahaan
Company Name
PT Bumi Resources Tbk. Laporan Tahunan 2016
No.
16
BUMI owns direct ownership towards 24 subsidiary companies,
as follows:
Persentase Kepemilikan
Ownership Percentage(%)
Status
1
PT Sitrade Coal
99.98
Aktif | Active
2
Kalimantan Coal Ltd
99.99
Aktif | Active
3
Sangatta Holdings Ltd
99.99
Aktif | Active
4
PT Arutmin Indonesia
70.00
Aktif | Active
5
PT Indocoal Kaltim Resources
51.00
Aktif | Active
6
PT Indocoal Kalsel Resources
70.00
Aktif | Active
7
Forerunner International Pte. Ltd.
100.00
Aktif | Active
8
PT Arutmin CBM
99.00
Aktif | Active
9
PT Kaltim Prima CBM
99.00
Aktif | Active
10
PT Kaltim Prima Coal
13.60
Aktif | Active
11
PT Artha Widya Persada
30.00
Aktif | Active
12
PT Visi Multi Artha
30.00
Aktif | Active
13
Enercoal Resources Pte. Ltd.
100.00
Aktif | Active
14
Bumi Netherlands BV
100.00
Aktif | Active
15
PT Coalindo Energi
4.59
Aktif | Active
16
Bumi Capital Pte. Ltd.
100.00
Aktif | Active
17
Gallo Oil (Jersey) Ltd.
100.00
Aktif | Active
18
Bumi Netherlands BV
100.00
Aktif | Active
19
PT Citra Prima Sejati (CPS)
99.75
Aktif | Active
20
Knightley Business Resources Pte Ltd (Knightley Business)
100.00
Aktif | Active
21
Ebury International Pte. Ltd.
100.00
Aktif | Active
22
Bumi Investment Pte. Ltd.
100.00
Aktif | Active
23
PT Lumbung Capital
99.80
Aktif | Active
24
PT Bumi Resources Minerals Tbk
87.09
Aktif | Active
25
PT Bumi Resources Investment (BRI)
99.99
Aktif | Active
26
PT Citra Palu Minerals
96.97
Aktif | Active
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
LEMBAGA PENUNJANG PASAR MODAL
Akuntan Publik
Public Accountant
Biro Administrasi Efek
Share Registrar & Settlement Agent
Amir Abadi Jusuf, Aryanto, Mawar & Rekan
RSM Indonesia
Plaza Asia, Level 10
Jl. Jend. Sudirman, Kav. 59
Jakarta 12190
Indonesia
Tel. +62 21 5140 1340
Fax. +62 21 5140 1350
PT Ficomindo Buana Registrar
Gedung Wisma Bumiputera, Lt. M Suite 209
Jl. Jenderal Sudirman Kav. 75
Jakarta 12910
Indonesia
Tel. +62 21 526 0976-77
Fax. +62 21 570 0968
PT Bumi Resources Tbk. 2016 Annual Report
CAPITAL MARKETS SUPPORTING INSTITUTIONS
17
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
JEJAK LANGKAH
MILESTONES
1990
1997
Tahun awal pendirian
perusahaan, didirikan
dengan nama PT Bumi
Modern, bergerak di
bidang industri perhotelan
dan pariwisata.
BUMI melakukan
Penawaran Umum
Perdana Saham di Bursa
Efek Jakarta dan Surabaya
(Kini telah melebur menjadi
Bursa Efek Indonesia).
PT Bakrie Capital
Indonesia mengambil alih
58,15% saham Perseroan
dari Asuransi Jiwa
Bersama Bumiputera 1912.
The Company was
established by the name of
PT Bumi Modern, engaging
in the hospitality and
tourism industry.
BUMI conducted Initial
Public Offering of Shares
listed on the Jakarta
and Surabaya Stock
Exchanges (Currently
merged and become
Indonesian Stock
Exchange).
1973
PT Bumi Resources Tbk. Laporan Tahunan 2016
Melalui RUPS Luar Biasa
tanggal 31Agustus,
diputuskan untuk
mengubah bisnis
utama Perseroan dari
bidang perhotelan dan
pariwisata menjadi bidang
minyak, gas alam, dan
pertambangan.
Through the Extraordinary
General Meeting of
Shareholders on 31August,
it was decided to change
the Company’s main
business from hospitality
and tourism into oil, natural
gas, and mining.
2008
2009
2010
30% kepemilikan BUMI di
Arutmin dan KPC dijual
kepada Tata Power India.
Pada bulan Juni dan
Oktober diterbitkan dua
obligasi konversi senilai
total US$ 450 juta dimana
mengalami kelebihan
permintaan 3 sampai 4
kali.
Setelah melalui proses
yang cukup panjang, BUMI
akhirnya dapat memiliki
Herald Resources Ltd
Australia dengan nilai
AU$ 552 juta. Operasi
tambang seng, timah,
dan emas ini berlokasi di
Sumatera Utara.
Dilaksanakannya transaksi
penambahan modal
tanpa hak memesan efek
terlebih dahulu Perseroan
sebagaimana telah
disetujui dalam RUPSLB
pada tanggal 24 Juni.
30% ownership in Arutmin
and KPC sold to Tata
Power of India. In June
and in October issued two
convertible bonds worth
a total of US$ 450 million,
which was oversubscribed
3 to 4 times.
After going through a
long process, BUMI
inally purchased Herald
Resources Ltd of Australia
at a value of AU$ 552
million. This mining
operation, located in North
Sumatra, has zinc, lead
and, gold.
China Investment
Corporation (CIC)
menanamkan modal
di BUMI sebesar US$
1,9 miliar dalam bentuk
instrumen utang, terdiri
dari US$ 600 juta yang
dibayarkan kembali di
tahun 2013, US$ 600
juta di tahun 2014, dan
sisanya US$ 700 juta di
tahun 2015. Investasi ini
memiliki 12% cash coupon
per tahun dengan total
IRR sebesar 19%, dimana
seluruh sisanya akan
dibayarkan pada saat jatuh
tempo. Dana ini digunakan
untuk restrukturisasi utang
dan belanja modal.
2007
18
PT Bakrie Capital
Indonesia took over the
Company’s 58.15% shares
of Asuransi Jiwa Bersama
Bumiputera 1912.
1998
China Investment
Corporation (CIC) provided
US$1.9 billion in debt
instruments, consisting
of US$ 600 million to be
paid back in 2013, US$
600 million in 2014, and
the remaining US$ 700
million in 2015. These
investments have a cash
coupon of 12% per year
with a total IRR of 19%,
with the principle paid at
maturity. These funds were
used for debt restructuring
and capital expenditure.
Execution of capital
increase without preemptive rights as approve
in the EGMS of 24 June.
2000
Perseroan mengakuisisi
saham Gallo Oil (Jersey)
Ltd. sebesar 97,5%.
Berdasarkan SK Menteri
Kehakiman Republik
Indonesia No.C-21041
HT.01.04.-TH 2000
tertanggal 20 September,
nama Perseroan berubah
dari PT Bumi Modern
Tbk menjadi PT Bumi
Resources Tbk.
The Company acquired
97.5% of the shares of
Gallo Oil (Jersey) Ltd.
Based on Decree of the
Minister of Justice of the
Republic of Indonesia No.
C-21 041-TH HT.01.04.
2000 dated 20 September
2000, the Company
changed the name from
PT Bumi Modern Tbk to
PT Bumi Resources Tbk.
2011
Perseroan melakukan
pembayaran cicilan
Tranche A sebesar US$
600 juta kepada China
Investment Corporation
(CIC) yang seharusnya
jatuh tempo pada
30 September 2013,
dibayarkan hampir 2
(dua) tahun lebih awal
berdasarkan kesepakatan
bersama.
The Company has made
repayment of the Tranche
A of US$ 600 million of
the China Investment
Corporation (CIC) debt,
which would have matured
on 30 September 2013,
paid almost 2 (two) years
earlier based upon mutual
agreement.
2001
Di bulan November,
Perseroan mengakuisisi
80% saham PT Arutmin
Indonesia (AI), produsen
Batubara terbesar keempat
di Indonesia.
In November, the Company
acquired an 80% stake
in PT Arutmin Indonesia
(AI), the fourth largest coal
producer in Indonesia.
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
2003
Di bulan Oktober,
Perseroan membeli 100%
saham PT Kaltim Prima
Coal (KPC), produsen
Batubara terbesar di
Indonesia, setelah
mengakuisisi Sangatta
Holdings Ltd (SHL) dan
Kalimantan Coal Ltd.
(KCL).
2004
Perseroan mengakuisisi
19,99% saham Arutmin,
sehingga meningkatkan
kepemilikannya menjadi
99,99%.
The Company acquired a
19.99% stake in Arutmin,
thereby increasing its
ownership to 99.99%.
In October, the Company
purchased 100% shares
of PT Kaltim Prima Coal
(KPC), the largest coal
producer in Indonesia,
after acquiring Sangatta
Holdings Ltd. (SHL) and
Kalimantan Coal Ltd.
(KCL).
2012
2013
Melalui RUPSLB tanggal
21 Mei, diputuskan
perubahan susunan
anggota Dewan Komisaris
dan Direksi Perseroan.
Melalui RUPS Tahunan
dan Luar Biasa tanggal
28 Juni, diputuskan
perubahan susunan
anggota Dewan Komisaris
dan Direksi Perseroan.
Through the EGMS on 21
May, it was decided the
change in composition
of members of Board
of Commissioners and
Board of Directors of the
Company.
Pada tanggal
26 Juni, Perseroan
menyelenggarakan acara
syukuran dalam rangka
Hari Ulang Tahun ke-40.
Through the Annual and
Extraordinary General
Meetings of Shareholders
on 28 June, it was decided
the change in composition
of members of Board
of Commissioners and
Board of Directors of the
Company.
On 26 June, the Company
held a celebration event for
40th Anniversary.
Data Perusahaan
Corporate Data
2005
Laporan Keuangan
Financial Statement
2006
Perseroan telah berhasil
Perseroan melakukan
menyelesaikan seluruh
pembelian kembali saham
proses divestasi saham KPC
dengan jumlah sebanyaksebagaimana disyaratkan
banyaknya 10% dari total
dalam pasal 26 Perjanjian Karya saham yang dikeluarkan.
Pengusahaan Pertambangan
Batubara (PKP2B). Setelah
The Company bought back
selesainya proses divestasi
a maximum of 10% of the
tersebut maka kepemilikan
total issued shares.
saham KPC menjadi sebagai
berikut: SHL dan KCL yang
merupakan unit usaha Perseroan
masing-masing 24,5% dan 13,6%
dimiliki secara langsung oleh
Perseroan serta 32,4% dimiliki
oleh PT Sitrade Coal, yang
merupakan unit usaha Perseroan.
The Company successfully
completed the entire process
of divestment of KPC shares
as required under article 26
of the Coal Contract of Work
(CCOW). After completion of the
divestment process, the KPC
shares are as follows: SHL and
KCL, the Company’s business
units, respectively 24.5% and
13.6% owned directly by the
Company and 32.4% owned
by PT Sitrade Coal, being a
Company’s business unit.
2014
Pemegang saham
menyetujui Penawaran
Umum Terbatas IV dalam
RUPS Luar Biasa pada
tanggal 30 Juni 2014dengan menerbitkan
hingga 32.198.770.000
saham biasa atas nama
Seri B dengan nilai
nominal Rp100 setiap
saham yang ditawarkan
dengan harga Rp250
per saham, atau senilai
Rp8.049.692.500.000.
Sejumlah 15.853.620.427
lembar saham diambil
bagian dan dikeluarkan
pada tanggal 7 Oktober.
Shareholders approved
Rights Issue IV in
Extraordinary General
Meeting held on
June 30, 2014 - to issue
up to 32,198,770,000
common shares Series B
of nominal value of Rp100
per share at an offer price
Rp250 per share valued
at Rp8,049,692,500,000.
15,853,620,427 shares
were subscribed and
issued on 7 October.
2015
2016
Melalui RUPS Tahunan
tanggal 13 Agustus,
pemegang saham
menyetujui perubahan
susunan anggota Dewan
Komisaris dan Direksi
Perseroan. Melalui RUPS
tersebut, Perseroan
melakukan eisiensi dengan
mengurangi jumlah anggota
Direksi dari semula enam
orang menjadi empat orang
dan Dewan Komisaris dari
semula tujuh orang menjadi
tiga orang.
Rencana restrukturisasi
Perusahaan meraih
99,8% dukungan
kreditur berjamin
dan 100% kreditur
tidak berjamin.
Dengan demikian,
Bumi Resources
menghentikan
proses PKPU dan
segera meratiikasi
kesepakatan yang
dicapai.
During the Annual General
Meeting on August 13,
shareholders approved the
change in the composition of
the Board of Commissioners
and the Board of Directors.
Through the GMS
resolution, the Company
conducted eficiency by
reducing the number of
members of the Board of
Directors from six to four
persons and the Board of
Commissioners from seven
to three persons.
The Company’s
restructuring plan
won 99.8% support
of voting secured
creditors and 100%
of voting unsecured
creditors. Hence,
Bumi Resources
announced termination
of PKPU proceedings
and ratiication of
composition agreement.
PT Bumi Resources Tbk. 2016 Annual Report
Tata Kelola Perusahaan
Good Corporate Governance
19
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
PERISTIWA PENTING 2016
EVENT HIGHLIGHTS 2016
22 June
22
28 September
28
June
September
CSR BUMI:
Donor Darah
CSR BUMI: Proyek
Pelestarian Terumbu Karang
dan Penanaman Pohon Bakau
BUMI CSR:
Blood Donation
22
Conservation of Coral Reefs and
Mangrove Tree Planting Project:
BUMI CSR Activities
1
November
December
CSR BUMI dan EMP:
Donor Darah
PT Bumi Resources Tbk. Laporan Tahunan 2016
BUMI and EMP CSR Event:
Blood Donation
20
8
Update Manajemen Risiko mengenai
Economic Outlook, Pasar Batubara,
Risiko, PKPU GCG dan CSR.
Risk Management Knowledge Update on
Economic Outlook, Coal Market, Risks, PKPU
GCG and CSR.
December
Paparan Publik Tahunan Perseroan 2016 di Hotel Manhattan, Jakarta
Annual Public Expose 2016 at Manhattan Hotel, Jakarta
1 December
8 December
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
PENGHARGAAN & SERTIFIKASI
1. Best Sustainability Report for Mining & Metal Sector
pada ajang Sustainability Reporting Award 2016 yang
diselenggarakan oleh National Center for Sustainability
Report (NCSR).
1. Best Sustainability Report for Mining & Metal sector in
Sustainability Reporting Award 2016 held by National Center
for Sustainability Report.
2. Warta Ekonomi Indonesia Social Business Innovation
Company 2016–untuk kategori Coal Mining – Waste
Management Program.
2. Warta Ekonomi Indonesia Social Business Innovation
Company 2016 - Category: Coal Mining – Waste Management
Program.
3. The 1st ASEAN Red Ribbon for Outstanding Workplace
(ARROW) Award 2016 dari ASEAN Business Coalition
on AIDS untuk Program KPC: Comprehensive HIV/AIDS
Prevention Program in the work place.
3. The 1st ASEAN Red Ribbon for Outstanding Workplace
(ARROW) Award 2016 from ASEAN Business Coalition on
AIDS for Program KPC: Comprehensive HIV/AIDS Prevention
Program in the work place.
4. Penghargaan sebagai Wajib Bayar dengan Kontribusi PNBP
(Pemasukan Negara Bukan Pajak) Terbesar 2015 dari
Kementerian Keuangan Republik Indonesia.
4. PNBP Award – one of most obedient and biggest tax payers
in 2015 from Ministry of Finance Republic of Indonesia.
PT Bumi Resources Tbk. 2016 Annual Report
AWARDS & CERTIFICATIONS
21
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
Penghargaan & Sertifikasi \ Awards & Certifications
Zero Accident Award bagi PT Arutmin
Indonesia Tambang Satui dan Terminal
Batubara NPLCT dari Kementerian
Tenaga Kerja Republik Indonesia.
PT Bumi Resources Tbk. Laporan Tahunan 2016
Zero Accident Award for PT Arutmin Indonesia
Tambang Satui and NPLCT from the Ministry of
Manpower of the Republic of Indonesia.
22
Zero Accident Award bagi PT Arutmin
Indonesia Tambang Satui dan Terminal
Batubara NPLCT dari Gubernur Provinsi
Kalimantan Selatan.
Zero Accident Award for PT Arutmin Indonesia
Tambang Satui and NPLCT from the Governor of South
Kalimantan Province.
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
Penghargaan
Awards
Di tahun 2016, pemerintah melalui Kementerian Lingkungan
Hidup dan Kehutanan (KLHK) menganugerahi Tambang Asam
Asam, Batulicin dan Kintap dalam penilaian PROPER periode
2015 - 2016 dengan predikat Biru. Sementara terminal Batubara
NPLCT berhasil mendapatkan PROPER Hijau dari Pemerintah
Provinsi Kalimantan Selatan.
In 2016, the government of Indonesia through the Ministry of
Environment and Forestry (KLHK) awarded Asam Asam, Batulicin
and Kintap Mines with a predicate of PROPER Blue for the period
of 2015 - 2016. While NPLCT was awarded with PROPER Green
from the Provincial Government of South Kalimantan.
PT Bumi Resources Tbk. 2016 Annual Report
Tata Kelola Perusahaan
Good Corporate Governance
23
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
IKHTISAR KEUANGAN*
FINANCIAL HIGHLIGHTS*
Dalam Dolar AS
URAIAN
In US Dollar
2016
2015
2014
DESCRIPTION
Pendapatan
23,372,429
40,506,538
61,928,455
Revenue
Laba Bruto
23,372,429
40,506,538
56,212,396
Gross Proit
Rugi Usaha
(5,385,866)
(9,374,800)
(74,176,746)
EBITDA
271,266,030
134,977,890
Operating Loss
245,099,755
EBITDA
Beban Lain-lain - Neto
(3,998,166)
(2,031,189,826)
(289,201,108)
Other Expenses - Net
Rugi Sebelum Pajak Penghasilan
(9,384,032)
(2,040,564,626)
(363,377,854)
Loss Before Income Tax
Manfaat (Beban) Pajak Penghasilan - Neto
129,639,742
(144,915,861)
(85,032,056)
Income Tax Beneit (Expense) - Net
Laba (Rugi) Tahun Berjalan
120,255,710
(2,185,480,487)
(448,409,910)
Income (Loss) for the Year
Jumlah Rata-rata Tertimbang Saham Dasar
(Dalam Ribuan Saham)
36,153,807,820
Laba (Rugi) per Saham (Saham Dasar atau
Dilusian per 1000 Saham)
1.87
Aset Lancar
Total Aset
Liabilitas Jangka Pendek
Total Liabilitas
Deisiensi Modal - Bersih
Modal Kerja Bersih
36,153,807,820
(53.26)
25,468,901,998
(14.55)
Weighted Average Number of Ordinary
Shares
(In Thousand Shares)
Basic/Diluted Income (Loss) per 1000
Shares
529,147,220
541,962,176
764,674,650
Current Assets
3,102,193,700
3,394,276,258
4,603,993,244
Total Assets
764,265,922
5,474,152,654
4,938,951,428
Current Liabilities
5,886,968,507
6,299,187,989
5,349,705,445
Total Liabilities
(2,784,774,807)
(2,904,911,731)
(745,712,201)
Capital - Net
(235,118,702)
(4,932,190,478)
(4,174,276,778)
Net Working Capital
Rasio (%)
Laba terhadap Aktiva
3.9%
-64.4%
-9.7%
Return on Assets
Laba terhadap Ekuitas
-4.3%
75.2%
60.1%
Return on Equity
Rasio Lancar
69.2%
9.9%
15.5%
Current Ratio
144.7%
123.7%
90.2%
Debts to Total Assets
-161.2%
-144.6%
-556.7%
Debts to Equity
100%
100%
90.8%
Gross Margin
Marjin Laba Usaha
-23.0%
-23.1%
-119.8%
Operating Margin
Marjin Laba Bersih
514.5%
-5,395.4%
-724.1%
Net Margin
Nilai Tukar Penutup pada Akhir Tahun (Rp/
US$)
13,436
13,795
12,346
Year End Closing Exchange Rate
(Rp/US$)
Nilai Tukar Rata-Rata dalam Setahun (Rp/
US$)
13,307
13,392
11,878
Average Annual Exchange Rate
(Rp/US$)
Utang terhadap Total Aktiva
PT Bumi Resources Tbk. Laporan Tahunan 2016
Utang terhadap Ekuitas
24
Ratio (%)
Marjin Laba Kotor
* Sesuai laporan yang diterbitkan | Published Report Corresponding
BUMI tidak mengkonsolidasikan KPC dan Arutmin sejak 1 Januari 2015. Kepemilikan saham BUMI sebesar 51% di KPC dan 70% di Arutmin dihitung sebagai ekuitas.
BUMI does not consolidate KPC and Arutmin from 1 January 2015. It’s ownership of 51% in KPC and 70% Arutmin is equity accounted
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
PENDAPATAN
Revenue
TOTAL ASET
Total Assets
(Juta Dolar | Million Dollar)
(Juta Dolar | Million Dollar)
61.9
Laporan Keuangan
Financial Statement
4,604.0
3,394.3
40.5
3,102.2
LABA KOTOR
Gross Proit
TOTAL LIABILITAS
Total Liabilities
(Juta Dolar | Million Dollar)
(Juta Dolar | Million Dollar)
6,299.2
56.2
2016
2015
2014
2016
2015
2014
23.4
5,887.0
5,349.7
40.5
LABA (RUGI) BERSIH
Net Income (Loss)
DEFISIENSI MODAL - NET
Capital Deiciency - Net
(Juta Dolar | Million Dollar)
(Juta Dolar | Million Dollar)
2,185.5
2,784.8
2016
2016
2015
120.3
2014
745.7
2015
2014
448.4
2,904.9
PT Bumi Resources Tbk. 2016 Annual Report
2016
2015
2014
2016
2015
2014
23.4
25
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
IKHTISAR SAHAM
STOCK HIGHLIGHTS
Kinerja Saham di Tahun 2016
Share Performance in 2016
Volume
Rp 350
4,000,000,000
300
3,500,000,000
3,000,000,000
250
2,500,000,000
200
2,000,000,000
150
1,500,000,000
100
1,000,000,000
50
500,000,000
0
0
Jan
Feb
Harga Price
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Volume
Perkembangan Harga Saham per Triwulan 2014–2016
Quarterly Share Price Performance 2014–2016
PT Bumi Resources Tbk. Laporan Tahunan 2016
Periode
26
Tertinggi
Highest
Terendah
Low
Penutupan
Close
Period
Triwulan I, 2014
269
269
269
1st Quarter, 2014
Triwulan II, 2014
184
170
170
2nd Quarter, 2014
Triwulan III, 2014
190
190
190
3rd Quarter, 2014
Triwulan IV, 2014
80
80
80
4th Quarter, 2014
Triwulan I, 2015
83
78
78
1st Quarter, 2015
Triwulan II, 2015
62
60
60
2nd Quarter, 2015
Triwulan III, 2015
50
50
50
3rd Quarter, 2015
Triwulan IV, 2015
50
50
50
4th Quarter, 2015
Triwulan I, 2016
50
50
50
1st Quarter, 2016
Triwulan II, 2016
68
67
68
2nd Quarter, 2016
Triwulan III, 2016
68
68
68
3rd Quarter, 2016
Triwulan IV, 2016
280
266
278
4th Quarter, 2016
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
Kronologi Pencatatan Saham
Share Listing Chronology
Keterangan
Description
Rasio
Perbandingan
Comparison
Ratio
Jumlah
Saham Yang
Ditawarkan
Number of
Shares Offered
Nominal Per
Saham
Nominal per
Share
Jumlah Nominal
(Rp)
Total Nominal (Rp)
Jumlah Saham
Total Shares
Tanggal
Pencatatan
Listing Date
Bursa
Regulator
IPO Rp.4,500,-
10,000,000
1,000
10,000,000,000
10,000,000
30-07-90
BE Indonesia
Company Listing
25,000,000
1,000
25,000,000,000
35,000,000
18-03-91
BE Indonesia
Right Issue 1
(7 : 2)
10,000,000
1,000
10,000,000,000
45,000,000
30-06-93
BEJ dan BES
Stock Split
(1 : 2)
45,000,000
500
22,500,000,000
90,000,000
29-09-97
BEJ dan BES
Saham Bonus
(10 : 12)
108,000,000
500
54,000,000,000
198,000,000
30-09-97
BEJ dan BES
Right Issue 2
(1 : 3)
594,000,000
500
297,000,000,000
792,000,000
24-11-97
BEJ dan BES
Right Issue 3
(2 : 47)
18,612,000,000
500
9,306,000,000,000
19,404,000,000
26-05-00
BEJ dan BES
1,369,400,000
500
684,700,000,000
20,773,400,000
05-10-10
BEI
15,853,620,427
100
1,585,362,042,700
36,627,020,427
07-10-14
BEI
Non Pre-Emptive Right
Rights Issue 4
(20 : 31)
Pembagian Dividen Tunai yang Dilakukan oleh Perseroan
Distribution of Cash Dividends by the Company
Dividen Per
Saham (Rp)
Dividends Per
Share (Rp)
Dividen Tunai
Cash Dividend
1991
50.00
35,000,000
Dividen Tunai
Cash Dividend
1992
50.00
35,000,000
Dividen Tunai
Cash Dividend
1993
50.00
45,000,000
Dividen Tunai
Cash Dividend
1998
5.00
792,000,000
Dividen Interim
Interim Dividend
2000
1.00
19,404,000,000
Dividen Final
Final Dividend
2002
2.50
19,404,000,000
13-08-03
Dividen Interim
Interim Dividend
2005
5.00
19,404,000,000
Dividen Final
Final Dividend
2005
10.00
Dividen Final
Final Dividend
2006
16.00
Jumlah Saham
Total Share
Cum Date
Ex Date
Rec Date
Tanggal Pembayaran
Payment Date
13-07-00
17-07-00
14-08-03
19-08-03
02-09-03
09-08-05
10-08-05
12-08-05
18-08-05
19,404,000,000
12-06-06
13-06-06
15-06-06
19-06-06
19,404,000,000
13-06-07
14-06-07
18-06-07
21-06-07
PT Bumi Resources Tbk. 2016 Annual Report
Tahun Buku
Fiscal Year
Keterangan
Description
27
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
Ikhtisar Saham \ Stock Highlights
Pembagian Dividen Tunai yang Dilakukan oleh Perseroan
Distribution of Cash Dividends by the Company
Tahun Buku
Fiscal Year
Dividen Per
Saham (Rp)
Dividends Per
Share (Rp)
Jumlah Saham
Total Share
Cum Date
Ex Date
Rec Date
Dividen Interim 1
Interim Dividend 1
2007
33.00
19,404,000,000
22-06-07
25-06-07
27-06-07
02-07-07
Dividen Interim 2
Interim Dividend 2
2007
33.00
19,404,000,000
28-08-07
29-08-07
31-08-07
05-09-07
Dividen Final | Final Dividend
2007
45.00
19,404,000,000
28-07-08
29-07-08
01-08-08
07-08-08
Dividen Final | Final Dividend
2008
50.60
19,404,000,000
29-07-09
30-07-09
03-08-09
18-08-08
Dividen Final | Final Dividend
2009
27.68
19,404,000,000
28-07-10
29-07-10
02-08-10
16-08-10
Dividen Final | Final Dividend
2010
41.78
20,773,400,000
27-07-11
28-07-11
01-08-11
15-08-11
Dividen Final | Final Dividend
2011
14.31
20,773,400,000
19-06-12
20-06-12
22-06-12
06-07-12
Keterangan
Description
Tanggal
Pembayaran
Payment Date
Rasio Pembayaran Dividen
Dividend Payout Ratio
Perseroan membagikan dividen maksimum 30% dari laba bersih Perseroan bergantung pada Persetujuan Pemegang Saham.
The Company distributes dividends maximum 30% of the net proit of the Company depends on the approval of Shareholders.
Tabel Kepemilikan Saham Per 31 Desember 2016
Table of Share Ownership Per 31 December 2016
Nama Investor
Investor Names
PT Bumi Resources Tbk. Laporan Tahunan 2016
No.
28
Nama Pemegang Rekening
Names of Account Holder
Jumlah
Total Shares
%
1.
CREDIT SUISSE AG SG BRANCH S/A CSAGSING-LHHL(LHHL130M)-2023334064
BUT DEUTSCHE BANK AG
8,477,485,702.00
23.15
2.
PT DAMAR REKA ENERGI
BNI SECURITIES, PT
2,300,000,000.00
6.28
3.
RAIFFEISEN BANK INTERNATIONAL AG, SINGAPORE BRANCH S/A
LONG HAUL HOLDINGS LTD
BUT. STANDARD
CHARTERED BANK
1,264,213,935.00
3.45
4.
HYLTON INVESMENTS LIMITED
PT OSO SECURITIES
900,000,000.00
2.46
5.
PT SOUTHEAST CAPITAL INVESTMENT
PT Bank UOB Indonesia
900,000,000.00
2.46
6.
Others
22,785,320,790.00
62.20
36,627,020,427.00
100
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
Kepemilikan Saham per 31 Desember 2016
Share Ownership as of December 31, 2016
23.15
%
Credit Suisse AG SG CSAGSING-LHHL
(Long Haul Holdings LTD)
6.28
PT Damar Reka Energi
4.83
62.20
Standard Chartered Bank SG PVB Clients AC
Others/Public
Raiffeisen Bank International AG, Singapore
Branch S/A Long Haul Holdings LTD
3.51
Long Haul Holdings, LTD
INFORMASI PEMEGANG SAHAM PENGENDALI
INFORMATION OF CONTROLLING
SHAREHOLDERS
Long Haul Holdings Ltd. (“Long Haul”):
Long Haul merupakan suatu badan hukum yang didirikan secara
sah berdasarkan hukum Negara Nevis dan terdaftar sebagai
perusahaan pada tanggal 3 Februari 1997. Kegiatan usaha Long
Haul bergerak dalam bidang Investasi.
Long Haul Holdings Ltd. (“Long Haul”):
Long Haul is a legal entity established under Nevis ordinance
and is registered as a company on February 3, 1997. Long Haul
engages in the business of investment.
PT Bumi Resources Tbk. 2016 Annual Report
3.45
29
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
LAPORAN DEWAN KOMISARIS
REPORT FROM THE BOARD OF COMMISSIONERS
“
30
“
PT Bumi Resources Tbk. Laporan Tahunan 2016
Keberhasilan negosiasi utang
telah menempatkan Perseroan
pada posisi yang solid untuk
melaksanakan berbagai rencana
pengembangan bisnisnya.
The success of debt restructuring has placed
our Company in a much better position to
execute our business development plans.
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
Eddie J. Subari
Presiden Komisaris
President Commissioner
PT Bumi Resources Tbk. 2016 Annual Report
Tata Kelola Perusahaan
Good Corporate Governance
31
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
PT Bumi Resources Tbk. Laporan Tahunan 2016
Laporan Dewan Komisaris \ Report from the Board of Commissioners
32
Pemegang Saham yang Terhormat,
Dear Shareholders,
Tahun 2016 masih merupakan tahun yang penuh tantangan bagi
industri Batubara. Namun bagi BUMI, tahun 2016 merupakan
sebuah awal baru yang menjanjikan.
The year of 2016 was still a challenging year for the coal industry,
yet it was a new and promising start for BUMI.
Masih terjadi perlambatan ekomomi global di samping adanya
peningkatan risiko geopolitik di kawasan Timur Tengah. Namun, di
luar
MENJANJIKAN
A PROMISING TURNING POINT
Laporan Tahunan 2016 Annual Report
TITIK BALIK YANG
MENJANJIKAN
A PROMISING TURNING POINT
Tahun 2016 menjadi titik balik yang menjanjikan bagi masa depan
BUMI Resources. Kesuksesan restrukturisasi utang di pertengahan
tahun serta kenaikan harga Batubara yang tak terduga, telah memberi
BUMI Resources sebuag awalan yang baru. Perseroan berkomitmen
untuk memanfaatkan adanya perkembangan yang menggembirakan
ini untuk menciptakan sebuah momentum pertumbuhan nilai yang
terus berlanjut hingga bertahun-tahun mendatang.
The year 2016 was indeed a promising turning point for BUMI
Resources. Following a successful debt restructuring in the mid of
the year, coupled with the unexpected surge of coal prices, BUMI
Resources now has a new start. The Company is committed to
capitalize this encouraging development to create a creating a
momentum of continuous growth in value for years to come.
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
IKHTISAR 2016
2016 HIGHLIGHTS
PT Bumi Resources Tbk. Laporan Tahunan 2016
592.6
2
Juta BCM
Million BCM
3%
Lapisan Penutup Tanah Overburden
Meningkat
Increase
Operasional
Operational
87.7
Juta Ton
Million Ton
10.6%
Volume Penjualan Sales Volume
Penjualan
Sales
Meningkat
Increase
Tinjauan Fungsional
Functional Review
USD
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
117.75
Juta
Million
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
105.39%
Total Laba Total Income
Keuangan
Financial
Meningkat
Increase
PT Bumi Resources Tbk. 2016 Annual Report
Tata Kelola Perusahaan
Good Corporate Governance
3
DAFTAR ISI
CONTENTS
TITIK BALIK YANG
MENJANJIKAN
A PROMISING TURNING POINT
6
Proil Perusahaan
Company Proile
6
Informasi Umum Perusahaan Corporate Information
7
Sekilas Perusahaan Company in Brief
8
Visi, Misi, dan Filosoi Perusahaan
Corporate Vision, Mission, and Philosophy
9
Bisnis Kami Our Business
10
Area Operasional Operation Areas
46
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
48
Tinjauan Kondisi Umum dan Prospek Usaha
Review on General Conditions and Prospects
52
Tinjauan Bisnis Business Review
60
Aspek Pemasaran Marketing Aspects
66
Tinjauan Keuangan Financial Review
78
Tinjauan Fungsional
Functional Review
80
Tinjauan Rencana dan Strategi
Plan and Strategy Overview
11
Jangkauan Pasar Market Distribution
84
Sumber Daya Manusia Human Resources
12
Struktur Organisasi Organization Structure
92
Teknologi Informasi Information Technology
14
Struktur Perseroan Company Structure
96
Manajemen Risiko Risk Management
16
Entitas Anak dan Asosiasi Subsidiaries and Associations
17
Lembaga Penunjang Pasar Modal
Capital Markets Supporting Institutions
18
Jejak Langkah Milestones
20
Peristiwa Penting 2016 Event Highlights 2016
21
Penghargaan & Sertiikasi Awards & Certiications
24
Ikhtisar Keuangan Financial Highlights
26
Ikhtisar Saham Stock Highlights
30
Laporan Manajemen
Management Report
108
Laporan Tata Kelola Perusahaan
Good Corporate Governance Report
111
Struktur Tata Kelola PT Bumi Resources Tbk
Corporate Governance Structure PT Bumi Resources Tbk
111
Rapat Umum Pemegang Saham
General Meeting of Shareholders
115
Rapat Umum Pemegang Saham Luar Biasa
Extraordinary General Meeting of Shareholders
116
Dewan Komisaris Board of Commissioners
122
Komite Komisaris Board of Commissioners Committees
128
Direksi Board of Directors
131
Komite Direksi Board of Directors’ Committee
30
Laporan Dewan Komisaris
Report from the Board of Commissioners
36
Laporan Direksi Report from the Board of Directors
134
Sekretaris Perusahaan Corporate Secretary
Pernyataan Tanggung Jawab Laporan Tahunan 2016
Statement of Responsibility for the 2016 Annual Report
137
Audit Internal Internal Audit
143
Sistem Pengendalian Internal The Internal Control System
145
Audit Eksternal External Audit
145
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
145
Manajemen Risiko Risk Management
45
145
Pedoman Perilaku “Cara Kita Melakukan Usaha”
(Versi 3.0) Oktober 2015
Code of Conduct “The Way we Conduct Business”
(Version 3.0) October 2015
146
Mr. SPIRIT sebagai Maskot Budaya Perusahaan
Mr. SPIRIT as BUMI’s GCG Mascot
146
Sistem Whistleblowing Whistleblowing System
148
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
150
Ikhtisar Kegiatan Tanggung Jawab Sosial Perusahaan
Summary of Social Responsibility Activities
161
Laporan Kegiatan CSR KPC
Report on KPC CSR Activities
182
Laporan Kegiatan CSR Arutmin
Report on Arutmin CSR Activities
206
Data Perusahaan
Corporate Data
208
Proil Dewan Komisaris Board of Commissioners Proile
210
Proil Direksi Board of Directors Proile
212
Proil Komite Audit Audit Committee Proile
213
Alamat Perusahaan Corporate Address
214
Laporan Keuangan Konsolidasian
Consolidated Financial Statement
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
INFORMASI UMUM PERUSAHAAN
CORPORATE INFORMATION
Nama Perseroan
Name of Company
PT Bumi Resources Tbk
Bidang Usaha
Line of Business
Minyak, Gas Bumi, Pertambangan Batubara dan Mineral
Oil, Natural Gas, Coal Mining and Mineral Industry
Modal Dasar
Authorized Capital
Rp38,750,000,000,000
Modal Ditempatkan dan
Disetor Penuh
Issued and Fully Paid Capital
Rp11,972,062,042,700
Kantor Pusat
Head Ofice
PT Bumi Resources Tbk. Laporan Tahunan 2016
PT Bumi Resources Tbk
Bakrie Tower, 12th Floor
Kompleks Rasuna Epicentrum
Jl. H.R. Rasuna Said
Jakarta 12940
Indonesia
6
Tel. +62 21 5794 2080
Fax. +62 21 5794 2070
Email: info@bumiresources.com
www.bumiresources.com
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
SEKILAS PERUSAHAAN
COMPANY IN BRIEF
Sejarah BUMI diawali dengan pendirian PT Bumi Modern,
pada tanggal 26 Juni 1973. PT Bumi Modern pada awalnya
bergerak dalam bidang industri perhotelan dan pariwisata.
Berdiri pada tahun 1973, saat itu bernama PT Bumi Modern, pada
mulanya Perseroan bergerak dalam bidang industri perhotelan
dan pariwisata. Setelah melakukan penawaran saham perdana
pada tahun 1990, BUMI bertransformasi dan memasuki industri
minyak, gas alam dan pertambangan pada tahun 1998. Seiring
dengan booming industri pertambangan nasional, BUMI tumbuh
pesat melakukan ekspansi usaha dengan menggali kekayaan
alam Indonesia, antara lain Batubara dan barang tambang
lainnya. Saat ini, BUMI tercatat sebagai salah satu eksportir
Batubara termal terbesar di dunia. Selain itu, BUMI juga memiliki
portofolio usaha bahan tambang lainnya. Dengan dukungan
pembiayaan yang kuat, kini BUMI juga memainkan peran sebagai
investor strategis.
Founded in 1973, under the name of PT Bumi Modern, the
Company initially engaged in the hospitality and tourism
businesses. Following the initial public offering in 1990, BUMI
transformed itself in order to engage in oil, natural gas and mining
businesses. Along with the booming in national mining industry,
BUMI grew rapidly and expanded its business by engaging in the
exploration of Indonesian natural wealth, among others coal and
other mining commodities. To date, BUMI is acknowledged as
the largest thermal coal exporter in the world. In addition, BUMI’s
business portfolio also includes other mining ventures. Supported
with strong inancial backup, BUMI now also takes the role of
strategic investor.
Seiring dengan perkembangan produksi, beroperasinya tambangtambang baru, serta upaya menciptakan nilai bagi pelanggan,
pemegang saham dan pemangku kepentingan, BUMI akan terus
maju dengan semangat discovery melalui pertumbuhan produksi
dan pertumbuhan yang berkelanjutan.
In line with the development of production, the operation of
new mines, and the efforts to create values for customers,
shareholders and stakeholders, with its discovery spirit BUMI
continues to move forward through its sustainable production and
growth.
PT Bumi Resources Tbk. 2016 Annual Report
BUMI’s history of began when PT Bumi Modern was founded on 26 June 1973.
Initially engaged in the hospitality and tourism businesses.
7
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
VISI, MISI, DAN FILOSOFI PERUSAHAAN
PT Bumi Resources Tbk. Laporan Tahunan 2016
CORPORATE VISION, MISSION, AND PHILOSOPHY
8
VISI
VISION
Menjadi perusahaan operator
bertaraf internasional dalam
sektor energi dan pertambangan.
To be a world-class, global
operator within the energy and
mining sectors.
MISI
MISSION
Menjaga kesinambungan usaha
dan daya saing Perseroan dalam
menghadapi persaingan terbuka
di masa mendatang dengan
tujuan untuk:
• Meningkatkan hasil investasi
dan nilai yang optimal bagi para
pemegang saham
• Memperbaiki kesejahteraan
para karyawan
• Meningkatkan kesejahteraan
masyarakat di wilayah operasi
pertambangan
• Menjaga kelestarian lingkungan
pada seluruh wilayah operasi
pertambangan
BUMI’s action are guided by three
underlying principles:
Langkah-langkah BUMI
berpedoman pada tiga prinsip
dasar:
• Bagaimana cara terbaik untuk
menciptakan nilai.
Achieving sustainability and global
competitiveness to:
FILOSOFI
PHILOSOPHY
• Bagaimana cara terbaik untuk
mencapai kemakmuran.
• Bagaimana cara terbaik
untuk mendapatkan pelbagai
peluang.
• Menjaga kelestarian lingkungan
pada seluruh wilayah operasi
pertambangan
• Increase return on investment
and enhance value for
shareholders
• Improve the welfare of our
employee
• Enhance public prosperity
around our mine sites
• Sustainably preserve the
environment
• Increase return on investment
and enhance value for
shareholders
• Improve the welfare of our
employee
• Enhance public prosperity
around our mine sites
• Sustainably preserve the
environment
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
BISNIS KAMI
Saat ini, Perseroan telah merampungkan proyek tambang
untuk meningkatkan rantai suplai Batubara, melengkapi
conveyor tambahan dengan sensor canggih untuk melacak
aliran dari tambang ke terminal laut. Nilai tinggi diperoleh
dari menjalin kedekatan hubungan dengan pelanggan,
melakukan tindakan cepat atas semua masukan pelanggan,
demi membangun jaringan global terpadu yang Perseroan
miliki saat ini. Hasil ditentukan dengan memenuhi spesiikasi
dan memastikan bahwa tenaga kerja mampu diberdayakan
untuk melakukan pekerjaan secara aman, eisien dan
menguntungkan.
Nowadays, the Company has completed major capacity
projects to optimize the coal supply chain, by adding a number
of conveyors with advanced sensors to maximize low from
the mines to the ocean terminals. High value is placed on
customer relationship, with assured speedy execution of all
customer contracts-to build the enviable integrated global
network we have today. Results are driven by meeting
speciications and ensuring that the workforce is empowered
to do the job safely, eficiently, and economically.
Perseroan telah menjalankan suatu program eisiensi baru
untuk meningkatkan kapasitas tambang seraya melakukan
penghematan atas semua biaya, pada saat tekanan global
memaksa produsen Batubara berkualitas tinggi memberikan
nilai yang lebih. Melalui rencana memonetisasi asetaset mineral yang bernilai, diharapkan Perseroan dapat
fokus dalam mengembangkan aset inti sehingga mampu
membangun kompetensi dan mengawasi permintaan global,
tren ekonomi, dan geopolitik.
Major new eficiency program has boosted mine capacity
whilst rationalizing all costs, at a time when global pressures
are forcing high quality coal producers to deliver even more
value at lower costs. With valuable mineral properties selected
for disposal, focus on core mineral interests can proceed at
pace, building competencies and keeping a close watch on
unfolding global demand, economic and geo-political trends.
Direksi
BUMI
menerapkan
strategi
pertumbuhan
untuk meningkatkan aset, mendongkrak produksi dan
melaksanakan pendekatan manajemen yang terfokus.
Melalui penerapan strategi yang dilakukan secara konsisten
dan dengan pendekatan berbasis risiko ini, BUMI akan
mampu mengirimkan lebih banyak Batubara ke pasar global
dan memproduksi aset tambang mineral yang dimilikinya
dalam rangka memenuhi permintaan global yang terus
meningkat.
BUMI’s Board of Directors is following a growth strategy to
expand its mining properties, to ramp up production, and to
execute a focused management approach. By doing these,
consistently and within a risk based framework, BUMI has
and aims to deliver more coal to global markets and bring its
many minerals properties into production to satisfy increasing
global demand.
Potensi BUMI untuk menjadi penambang berkelas dunia
telah terbukti dengan berkembangnya aset Perseroan
bagi pemegang saham, tersedianya lapangan pekerjaan,
terciptanya peluang yang ada di sekitar lokasi pertambangan
dan terpeliharanya lingkungan dengan keberhasilan dalam
program reboisasi hutan. Misi ini menyeimbangkan prioritas
yang ada di Perseroan dan menjadikan BUMI menjadi
perusahaan pertambangan yang diakui di dunia.
The potential to be a major global miner is visible in the value
already created and sought to be unlocked for its stakeholders,
the jobs already provided, the opportunities existing around
the mining sites, and the care for the environment that BUMI
priorities through its renewal of its natural habitat. These
missions have balanced the priorities of the Company,
and turned BUMI into an environment conscious, globallyrecognized leading mining company.
PT Bumi Resources Tbk. 2016 Annual Report
OUR BUSINESS
9
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
AREA OPERASIONAL
OPERATION AREAS
Gallo Oil
Saudi Arabia
Block 13
Oman
Republic of Yemen
Block R2
Kaltim Prima Coal
Dairi Prima Mineral
Gorontalo Minerals
Kutai Bara Nusantara
4
Pendopo Energi Batubara
3
6
5
Arutmin Indonesia
1
Citra Palu Minerals
6
PT Bumi Resources Tbk. Laporan Tahunan 2016
2
10
BUMI memiliki area operasional yang tersebar
luas mulai dari Sumatera Utara (Dairi Prima
Mineral & Pendopo Energi Batubara),
Sulawesi (Gorontalo Minerals & Citra Palu
Minerals), Kalimantan (Kaltim Prima Coal,
Arutmin Indonesia & Kutai Bara Nusantara),
dan Republik Yaman (Gallo Oil).
BUMI’s widespread operational areas range
from North Sumatra (Dairi Prima Mineral
& Pendopo Energi Batubara), Sulawesi
(Gorontalo Minerals & Citra Palu Minerals),
Kalimantan (Kaltim Prima Coal, Arutmin
Indonesia & Kutai Bara Nusantara) and the
Republic of Yemen (Gallo Oil).
1
2
3
South Sumatra
North Sumatra
South Kalimantan
4
5
Gorontalo
East Kalimantan
East Kalimantan
Palu
6
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
JANGKAUAN PASAR
MARKET DISTRIBUTION
Europe
0.52%
Korea
0.49%
Pakistan
0.19%
UAE
0.46%
China Mainland
12.00%
Taiwan
1.00%
India
24.00%
50,590,074
57.7%
35,546,894
40.5%
Utility
1,431,594
1.6%
110,799
0.1%
87,679,361
100%
Cement
0.19
0.26
0.03
12.00
37.00
24.00
%
Sales (ton)
Others
Penjualan Berdasarkan Negara Tujuan
Sales by Destination
14.00
Indonesia
37.00%
Power Plant
Total
0.49
0.52
1.00
1.00
1.00
2.00
6.00
Philippines
6.800%
Malaysia
1.00%
End User
57.7
Japan
14.00%
Destination
Sales (ton)
Indonesia
32,020,971
37.00%
India
20,776,308
24.00%
Japan
11,958,921
14.00%
China Mainland
10,428,654
12.00%
Philippines
5,672,688
6.00%
Thailand
2,155,462
2.00%
Hong Kong
1,125,263
1.00%
Taiwan
1,113,351
1.00%
Malaysia
938,214
1.00%
Europe
456,518
0.52%
Korea
429,667
0.49%
UAE
407,059
0.26%
Pakistan
168,427
0.19%
27,859
0.03%
87,679,361
100%
Vietnam
TOTAL
PT Bumi Resources Tbk. 2016 Annual Report
40.5
Thailand
2.00%
Vietnam
0.03%
Pemasaran Menurut Sektor Pengguna
Combined Sales by End User
0.1
1.6
%
Hong Kong
1.00%
11
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
STRUKTUR ORGANISASI
ORGANIZATION STRUCTURE
Rapat Umum Pemegang
Saham
General Meeting of
Shareholders
DEWAN
KOMISARIS
Board of
Commissioners
Eddie J. Subari
Anton Setianto S.
Nalinkant A. Rathod
KOMITE
REMUNERASI &
NOMINASI
Remuneration
& Nomination
Committee
DIREKSI
Board of Directors
DIREKTUR UTAMA
President Director/
CEO
Saptari Hoedaja
DIREKTUR IR &
Corp. Sec.
Director IR & Corp. Sec.
Dileep Srivastava
KOMITE AUDIT
Audit Committee
PT Bumi Resources Tbk. Laporan Tahunan 2016
KOMITE
MANAJEMEN
RISIKO
Risk Management
Committee
12
VP IR/Chief
Economist
Achmad Reza W.
Manager Corp.
Secretary
Irana Candra M.
CEO - PT Kaltim
Prima Coal
Saptari Hoedaja
CEO - PT Arutmin
Indonesia
Ido H. Hutabarat
CEO - PT Pendopo
Energy
Batubara & Sumatra
Coal
Wachjudi A. Martono
CEO - PT Bumi
Resources
Minerals Tbk.
Suseno
Kramadibrata
VP Marketing
Ido H. Hutabarat
VP Operation/HSE
Faisal Firdaus
VP Internal Audit
Lufti Julian
Gallo Oil (Jersey)
Ltd.
VP Risk
Management
Elly Slamet
VP Strategic
Business Dev.
Adika Nuraga
Bakrie
SVP
Communication &
Public Affairs
Christopher K. Fong
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
IT Steering
Committee
Code of Conduct
Committee
Hedge Risk Mgt.
Committee
Human Resources
Committee
DIREKTUR
Director
Andrew C. Beckham
VP Information
Technology
Dharyanto Effendi
Governance, CSR &
HSE Committee
VP Human Res &
General Affairs
Mahmud
Manager
Corporate Legal
Sandra A. Triyana
VP Business
Analyst
Fuad Helmy
Manager GL
Accounting
Zainudin
Legal KPC – AI
Adri Kurnia
Ezra
Manager
Business Analyst
Nugroho
Damardono
Manager Treasury,
Budget & Cost
Control
Dicky Zulkarnaen
Manager
Reporting
Hendy Roswandy
Manager Tax
(Vacant)
PT Bumi Resources Tbk. 2016 Annual Report
VP Finance &
Control
Denny Adrianz
DIREKTUR
Director
R.A. Sri Dharmayanti
13
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
STRUKTUR PERSEROAN
COMPANY STRUCTURE
PT Sitrade Coal
Kalimantan Coal Ltd
Sangatta Holdings
Ltd.
PT Arutmin
Indonesia
BUMI (99.98%)
BUMI (99.99%)
BUMI (99.99%)
BUMI (70%)
PT Arutmin CBM
PT Kaltim Prima
CBM
BUMI (99%)
PT Kaltim Prima Coal
BUMI Seri A (25%)
BUMI Seri B (0.004%)
BUMI (99%)
Enercoal Resources
Pte Ltd
BUMI (100%)
Bumi Netherlands BV
PT Coalindo Energi
BUMI (100%)
BUMI (4.59%)
PT Citra Prima
Sejati (CPS)
BUMI (99.75%)
PT Bumi Resources
Investment (BRI)
PT Mitra Bisnis Harvest
PT MBH Mining Resource
PT Buana Minera Harvest
BUMI (99.99%)
CPS (99.7%)
CPS (99.9%)
CPS (99.9%)
Tansar Gas Pte. Ltd.
Knightley Business (30%)
PT Bumi Resources Tbk. Laporan Tahunan 2016
PT Green
Resources
14
BRI (99.5%)
Pendopo Coal Ltd.
Zurich Assets International
Ltd.
BRI (89%)
BRI (80%)
PT Alphard Resources
International
Goldwave Capital Ltd.
Pendopo Coal (99.92%)
ZAI (100%)
PT Indah Alam Raya (IAR)
PT Darma Henwa Tbk
Alphard (95%)
Shareholders
ZAI (21.61%)
Goldwave (17.46%)
Public (60.93%)
PT Pendopo Energi
Batubara
IAR (99.9%)
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
PT Bumi Resources Tbk
(BUMI)
PT Indocoal Kaltim
Resources
PT Indocoal Kalsel
Resources
Forerunner
International Pte. Ltd.
Indocoal KPC Resources
(Cayman) Limited
BUMI (51%)
BUMI (70%)
BUMI (100%)
BUMI (51%)
PT Artha Widya Persada
PT Visi Multi Artha
Indocoal Resources
(Cayman) Ltd.
BUMI (30%)
BUMI (30%)
Forerunner (70%)
Bumi Capital Pte. Ltd.
Gallo Oil (Jersey) Ltd.
BUMI (100%)
BUMI (100%)
Knightley Business Resources
Pte. Ltd. (Knightley Business)
Ebury International
Pte. Ltd.
Bumi Investment Pte.
Ltd.
PT Lumbung Capital
BUMI (100%)
BUMI (100%)
BUMI (100%)
BUMI (99.8%)
Knightley Seamgas Pte. Ltd.
Knightley Business (100%)
(Previously known as Westside
CSG Holdings Pte. Ltd.)
PT Bintan
Minera
Resources
LC (99.9%)
LC (99.9%)
LC (99.9%)
PT Citra
Palu
Minerals
96.97%
International
Minerals
Company LLC
100%
PT Multi Capital
99.9%
Calipso
Investment
Pte. Ltd.
80%
PT
Gorontalo
Minerals
80%
Bumi Resources
Japan Company
Limited
100%
Herald
Resources Pte. Ltd.
100%
Gain & Win
Pte. Ltd.
100%
PT Dairi
Prima Mineral
80%
PT Multi Daerah
Bersaing
75%
Sahara Resources
Pte. Ltd
100%
PT Bumi Resources Tbk. 2016 Annual Report
BUMI (87.09%)
PT Sarkea Prima
Minerals
20%
Konblo Bumi
Inc.
5%
PT MBH
Minera
Resource
PT Bumi Resources
Minerals Tbk (BRMS)
PT Seamgas Indonesia
1. Knightley Business (50%)
2. Knightley Seamgas
Pte. Ltd.
(50%)
Lemington
Investments
Pte. Ltd.
99.9%
PT Citra
Jaya
Nurcahya
15
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
ENTITAS ANAK DAN ASOSIASI
SUBSIDIARIES AND ASSOCIATIONS
BUMI memiliki kepemilikan langsung di 24 anak perusahaan,
seperti yang dijabarkan pada tabel berikut:
Nama Perusahaan
Company Name
PT Bumi Resources Tbk. Laporan Tahunan 2016
No.
16
BUMI owns direct ownership towards 24 subsidiary companies,
as follows:
Persentase Kepemilikan
Ownership Percentage(%)
Status
1
PT Sitrade Coal
99.98
Aktif | Active
2
Kalimantan Coal Ltd
99.99
Aktif | Active
3
Sangatta Holdings Ltd
99.99
Aktif | Active
4
PT Arutmin Indonesia
70.00
Aktif | Active
5
PT Indocoal Kaltim Resources
51.00
Aktif | Active
6
PT Indocoal Kalsel Resources
70.00
Aktif | Active
7
Forerunner International Pte. Ltd.
100.00
Aktif | Active
8
PT Arutmin CBM
99.00
Aktif | Active
9
PT Kaltim Prima CBM
99.00
Aktif | Active
10
PT Kaltim Prima Coal
13.60
Aktif | Active
11
PT Artha Widya Persada
30.00
Aktif | Active
12
PT Visi Multi Artha
30.00
Aktif | Active
13
Enercoal Resources Pte. Ltd.
100.00
Aktif | Active
14
Bumi Netherlands BV
100.00
Aktif | Active
15
PT Coalindo Energi
4.59
Aktif | Active
16
Bumi Capital Pte. Ltd.
100.00
Aktif | Active
17
Gallo Oil (Jersey) Ltd.
100.00
Aktif | Active
18
Bumi Netherlands BV
100.00
Aktif | Active
19
PT Citra Prima Sejati (CPS)
99.75
Aktif | Active
20
Knightley Business Resources Pte Ltd (Knightley Business)
100.00
Aktif | Active
21
Ebury International Pte. Ltd.
100.00
Aktif | Active
22
Bumi Investment Pte. Ltd.
100.00
Aktif | Active
23
PT Lumbung Capital
99.80
Aktif | Active
24
PT Bumi Resources Minerals Tbk
87.09
Aktif | Active
25
PT Bumi Resources Investment (BRI)
99.99
Aktif | Active
26
PT Citra Palu Minerals
96.97
Aktif | Active
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
LEMBAGA PENUNJANG PASAR MODAL
Akuntan Publik
Public Accountant
Biro Administrasi Efek
Share Registrar & Settlement Agent
Amir Abadi Jusuf, Aryanto, Mawar & Rekan
RSM Indonesia
Plaza Asia, Level 10
Jl. Jend. Sudirman, Kav. 59
Jakarta 12190
Indonesia
Tel. +62 21 5140 1340
Fax. +62 21 5140 1350
PT Ficomindo Buana Registrar
Gedung Wisma Bumiputera, Lt. M Suite 209
Jl. Jenderal Sudirman Kav. 75
Jakarta 12910
Indonesia
Tel. +62 21 526 0976-77
Fax. +62 21 570 0968
PT Bumi Resources Tbk. 2016 Annual Report
CAPITAL MARKETS SUPPORTING INSTITUTIONS
17
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
JEJAK LANGKAH
MILESTONES
1990
1997
Tahun awal pendirian
perusahaan, didirikan
dengan nama PT Bumi
Modern, bergerak di
bidang industri perhotelan
dan pariwisata.
BUMI melakukan
Penawaran Umum
Perdana Saham di Bursa
Efek Jakarta dan Surabaya
(Kini telah melebur menjadi
Bursa Efek Indonesia).
PT Bakrie Capital
Indonesia mengambil alih
58,15% saham Perseroan
dari Asuransi Jiwa
Bersama Bumiputera 1912.
The Company was
established by the name of
PT Bumi Modern, engaging
in the hospitality and
tourism industry.
BUMI conducted Initial
Public Offering of Shares
listed on the Jakarta
and Surabaya Stock
Exchanges (Currently
merged and become
Indonesian Stock
Exchange).
1973
PT Bumi Resources Tbk. Laporan Tahunan 2016
Melalui RUPS Luar Biasa
tanggal 31Agustus,
diputuskan untuk
mengubah bisnis
utama Perseroan dari
bidang perhotelan dan
pariwisata menjadi bidang
minyak, gas alam, dan
pertambangan.
Through the Extraordinary
General Meeting of
Shareholders on 31August,
it was decided to change
the Company’s main
business from hospitality
and tourism into oil, natural
gas, and mining.
2008
2009
2010
30% kepemilikan BUMI di
Arutmin dan KPC dijual
kepada Tata Power India.
Pada bulan Juni dan
Oktober diterbitkan dua
obligasi konversi senilai
total US$ 450 juta dimana
mengalami kelebihan
permintaan 3 sampai 4
kali.
Setelah melalui proses
yang cukup panjang, BUMI
akhirnya dapat memiliki
Herald Resources Ltd
Australia dengan nilai
AU$ 552 juta. Operasi
tambang seng, timah,
dan emas ini berlokasi di
Sumatera Utara.
Dilaksanakannya transaksi
penambahan modal
tanpa hak memesan efek
terlebih dahulu Perseroan
sebagaimana telah
disetujui dalam RUPSLB
pada tanggal 24 Juni.
30% ownership in Arutmin
and KPC sold to Tata
Power of India. In June
and in October issued two
convertible bonds worth
a total of US$ 450 million,
which was oversubscribed
3 to 4 times.
After going through a
long process, BUMI
inally purchased Herald
Resources Ltd of Australia
at a value of AU$ 552
million. This mining
operation, located in North
Sumatra, has zinc, lead
and, gold.
China Investment
Corporation (CIC)
menanamkan modal
di BUMI sebesar US$
1,9 miliar dalam bentuk
instrumen utang, terdiri
dari US$ 600 juta yang
dibayarkan kembali di
tahun 2013, US$ 600
juta di tahun 2014, dan
sisanya US$ 700 juta di
tahun 2015. Investasi ini
memiliki 12% cash coupon
per tahun dengan total
IRR sebesar 19%, dimana
seluruh sisanya akan
dibayarkan pada saat jatuh
tempo. Dana ini digunakan
untuk restrukturisasi utang
dan belanja modal.
2007
18
PT Bakrie Capital
Indonesia took over the
Company’s 58.15% shares
of Asuransi Jiwa Bersama
Bumiputera 1912.
1998
China Investment
Corporation (CIC) provided
US$1.9 billion in debt
instruments, consisting
of US$ 600 million to be
paid back in 2013, US$
600 million in 2014, and
the remaining US$ 700
million in 2015. These
investments have a cash
coupon of 12% per year
with a total IRR of 19%,
with the principle paid at
maturity. These funds were
used for debt restructuring
and capital expenditure.
Execution of capital
increase without preemptive rights as approve
in the EGMS of 24 June.
2000
Perseroan mengakuisisi
saham Gallo Oil (Jersey)
Ltd. sebesar 97,5%.
Berdasarkan SK Menteri
Kehakiman Republik
Indonesia No.C-21041
HT.01.04.-TH 2000
tertanggal 20 September,
nama Perseroan berubah
dari PT Bumi Modern
Tbk menjadi PT Bumi
Resources Tbk.
The Company acquired
97.5% of the shares of
Gallo Oil (Jersey) Ltd.
Based on Decree of the
Minister of Justice of the
Republic of Indonesia No.
C-21 041-TH HT.01.04.
2000 dated 20 September
2000, the Company
changed the name from
PT Bumi Modern Tbk to
PT Bumi Resources Tbk.
2011
Perseroan melakukan
pembayaran cicilan
Tranche A sebesar US$
600 juta kepada China
Investment Corporation
(CIC) yang seharusnya
jatuh tempo pada
30 September 2013,
dibayarkan hampir 2
(dua) tahun lebih awal
berdasarkan kesepakatan
bersama.
The Company has made
repayment of the Tranche
A of US$ 600 million of
the China Investment
Corporation (CIC) debt,
which would have matured
on 30 September 2013,
paid almost 2 (two) years
earlier based upon mutual
agreement.
2001
Di bulan November,
Perseroan mengakuisisi
80% saham PT Arutmin
Indonesia (AI), produsen
Batubara terbesar keempat
di Indonesia.
In November, the Company
acquired an 80% stake
in PT Arutmin Indonesia
(AI), the fourth largest coal
producer in Indonesia.
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
2003
Di bulan Oktober,
Perseroan membeli 100%
saham PT Kaltim Prima
Coal (KPC), produsen
Batubara terbesar di
Indonesia, setelah
mengakuisisi Sangatta
Holdings Ltd (SHL) dan
Kalimantan Coal Ltd.
(KCL).
2004
Perseroan mengakuisisi
19,99% saham Arutmin,
sehingga meningkatkan
kepemilikannya menjadi
99,99%.
The Company acquired a
19.99% stake in Arutmin,
thereby increasing its
ownership to 99.99%.
In October, the Company
purchased 100% shares
of PT Kaltim Prima Coal
(KPC), the largest coal
producer in Indonesia,
after acquiring Sangatta
Holdings Ltd. (SHL) and
Kalimantan Coal Ltd.
(KCL).
2012
2013
Melalui RUPSLB tanggal
21 Mei, diputuskan
perubahan susunan
anggota Dewan Komisaris
dan Direksi Perseroan.
Melalui RUPS Tahunan
dan Luar Biasa tanggal
28 Juni, diputuskan
perubahan susunan
anggota Dewan Komisaris
dan Direksi Perseroan.
Through the EGMS on 21
May, it was decided the
change in composition
of members of Board
of Commissioners and
Board of Directors of the
Company.
Pada tanggal
26 Juni, Perseroan
menyelenggarakan acara
syukuran dalam rangka
Hari Ulang Tahun ke-40.
Through the Annual and
Extraordinary General
Meetings of Shareholders
on 28 June, it was decided
the change in composition
of members of Board
of Commissioners and
Board of Directors of the
Company.
On 26 June, the Company
held a celebration event for
40th Anniversary.
Data Perusahaan
Corporate Data
2005
Laporan Keuangan
Financial Statement
2006
Perseroan telah berhasil
Perseroan melakukan
menyelesaikan seluruh
pembelian kembali saham
proses divestasi saham KPC
dengan jumlah sebanyaksebagaimana disyaratkan
banyaknya 10% dari total
dalam pasal 26 Perjanjian Karya saham yang dikeluarkan.
Pengusahaan Pertambangan
Batubara (PKP2B). Setelah
The Company bought back
selesainya proses divestasi
a maximum of 10% of the
tersebut maka kepemilikan
total issued shares.
saham KPC menjadi sebagai
berikut: SHL dan KCL yang
merupakan unit usaha Perseroan
masing-masing 24,5% dan 13,6%
dimiliki secara langsung oleh
Perseroan serta 32,4% dimiliki
oleh PT Sitrade Coal, yang
merupakan unit usaha Perseroan.
The Company successfully
completed the entire process
of divestment of KPC shares
as required under article 26
of the Coal Contract of Work
(CCOW). After completion of the
divestment process, the KPC
shares are as follows: SHL and
KCL, the Company’s business
units, respectively 24.5% and
13.6% owned directly by the
Company and 32.4% owned
by PT Sitrade Coal, being a
Company’s business unit.
2014
Pemegang saham
menyetujui Penawaran
Umum Terbatas IV dalam
RUPS Luar Biasa pada
tanggal 30 Juni 2014dengan menerbitkan
hingga 32.198.770.000
saham biasa atas nama
Seri B dengan nilai
nominal Rp100 setiap
saham yang ditawarkan
dengan harga Rp250
per saham, atau senilai
Rp8.049.692.500.000.
Sejumlah 15.853.620.427
lembar saham diambil
bagian dan dikeluarkan
pada tanggal 7 Oktober.
Shareholders approved
Rights Issue IV in
Extraordinary General
Meeting held on
June 30, 2014 - to issue
up to 32,198,770,000
common shares Series B
of nominal value of Rp100
per share at an offer price
Rp250 per share valued
at Rp8,049,692,500,000.
15,853,620,427 shares
were subscribed and
issued on 7 October.
2015
2016
Melalui RUPS Tahunan
tanggal 13 Agustus,
pemegang saham
menyetujui perubahan
susunan anggota Dewan
Komisaris dan Direksi
Perseroan. Melalui RUPS
tersebut, Perseroan
melakukan eisiensi dengan
mengurangi jumlah anggota
Direksi dari semula enam
orang menjadi empat orang
dan Dewan Komisaris dari
semula tujuh orang menjadi
tiga orang.
Rencana restrukturisasi
Perusahaan meraih
99,8% dukungan
kreditur berjamin
dan 100% kreditur
tidak berjamin.
Dengan demikian,
Bumi Resources
menghentikan
proses PKPU dan
segera meratiikasi
kesepakatan yang
dicapai.
During the Annual General
Meeting on August 13,
shareholders approved the
change in the composition of
the Board of Commissioners
and the Board of Directors.
Through the GMS
resolution, the Company
conducted eficiency by
reducing the number of
members of the Board of
Directors from six to four
persons and the Board of
Commissioners from seven
to three persons.
The Company’s
restructuring plan
won 99.8% support
of voting secured
creditors and 100%
of voting unsecured
creditors. Hence,
Bumi Resources
announced termination
of PKPU proceedings
and ratiication of
composition agreement.
PT Bumi Resources Tbk. 2016 Annual Report
Tata Kelola Perusahaan
Good Corporate Governance
19
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
PERISTIWA PENTING 2016
EVENT HIGHLIGHTS 2016
22 June
22
28 September
28
June
September
CSR BUMI:
Donor Darah
CSR BUMI: Proyek
Pelestarian Terumbu Karang
dan Penanaman Pohon Bakau
BUMI CSR:
Blood Donation
22
Conservation of Coral Reefs and
Mangrove Tree Planting Project:
BUMI CSR Activities
1
November
December
CSR BUMI dan EMP:
Donor Darah
PT Bumi Resources Tbk. Laporan Tahunan 2016
BUMI and EMP CSR Event:
Blood Donation
20
8
Update Manajemen Risiko mengenai
Economic Outlook, Pasar Batubara,
Risiko, PKPU GCG dan CSR.
Risk Management Knowledge Update on
Economic Outlook, Coal Market, Risks, PKPU
GCG and CSR.
December
Paparan Publik Tahunan Perseroan 2016 di Hotel Manhattan, Jakarta
Annual Public Expose 2016 at Manhattan Hotel, Jakarta
1 December
8 December
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
PENGHARGAAN & SERTIFIKASI
1. Best Sustainability Report for Mining & Metal Sector
pada ajang Sustainability Reporting Award 2016 yang
diselenggarakan oleh National Center for Sustainability
Report (NCSR).
1. Best Sustainability Report for Mining & Metal sector in
Sustainability Reporting Award 2016 held by National Center
for Sustainability Report.
2. Warta Ekonomi Indonesia Social Business Innovation
Company 2016–untuk kategori Coal Mining – Waste
Management Program.
2. Warta Ekonomi Indonesia Social Business Innovation
Company 2016 - Category: Coal Mining – Waste Management
Program.
3. The 1st ASEAN Red Ribbon for Outstanding Workplace
(ARROW) Award 2016 dari ASEAN Business Coalition
on AIDS untuk Program KPC: Comprehensive HIV/AIDS
Prevention Program in the work place.
3. The 1st ASEAN Red Ribbon for Outstanding Workplace
(ARROW) Award 2016 from ASEAN Business Coalition on
AIDS for Program KPC: Comprehensive HIV/AIDS Prevention
Program in the work place.
4. Penghargaan sebagai Wajib Bayar dengan Kontribusi PNBP
(Pemasukan Negara Bukan Pajak) Terbesar 2015 dari
Kementerian Keuangan Republik Indonesia.
4. PNBP Award – one of most obedient and biggest tax payers
in 2015 from Ministry of Finance Republic of Indonesia.
PT Bumi Resources Tbk. 2016 Annual Report
AWARDS & CERTIFICATIONS
21
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
Penghargaan & Sertifikasi \ Awards & Certifications
Zero Accident Award bagi PT Arutmin
Indonesia Tambang Satui dan Terminal
Batubara NPLCT dari Kementerian
Tenaga Kerja Republik Indonesia.
PT Bumi Resources Tbk. Laporan Tahunan 2016
Zero Accident Award for PT Arutmin Indonesia
Tambang Satui and NPLCT from the Ministry of
Manpower of the Republic of Indonesia.
22
Zero Accident Award bagi PT Arutmin
Indonesia Tambang Satui dan Terminal
Batubara NPLCT dari Gubernur Provinsi
Kalimantan Selatan.
Zero Accident Award for PT Arutmin Indonesia
Tambang Satui and NPLCT from the Governor of South
Kalimantan Province.
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
Penghargaan
Awards
Di tahun 2016, pemerintah melalui Kementerian Lingkungan
Hidup dan Kehutanan (KLHK) menganugerahi Tambang Asam
Asam, Batulicin dan Kintap dalam penilaian PROPER periode
2015 - 2016 dengan predikat Biru. Sementara terminal Batubara
NPLCT berhasil mendapatkan PROPER Hijau dari Pemerintah
Provinsi Kalimantan Selatan.
In 2016, the government of Indonesia through the Ministry of
Environment and Forestry (KLHK) awarded Asam Asam, Batulicin
and Kintap Mines with a predicate of PROPER Blue for the period
of 2015 - 2016. While NPLCT was awarded with PROPER Green
from the Provincial Government of South Kalimantan.
PT Bumi Resources Tbk. 2016 Annual Report
Tata Kelola Perusahaan
Good Corporate Governance
23
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
IKHTISAR KEUANGAN*
FINANCIAL HIGHLIGHTS*
Dalam Dolar AS
URAIAN
In US Dollar
2016
2015
2014
DESCRIPTION
Pendapatan
23,372,429
40,506,538
61,928,455
Revenue
Laba Bruto
23,372,429
40,506,538
56,212,396
Gross Proit
Rugi Usaha
(5,385,866)
(9,374,800)
(74,176,746)
EBITDA
271,266,030
134,977,890
Operating Loss
245,099,755
EBITDA
Beban Lain-lain - Neto
(3,998,166)
(2,031,189,826)
(289,201,108)
Other Expenses - Net
Rugi Sebelum Pajak Penghasilan
(9,384,032)
(2,040,564,626)
(363,377,854)
Loss Before Income Tax
Manfaat (Beban) Pajak Penghasilan - Neto
129,639,742
(144,915,861)
(85,032,056)
Income Tax Beneit (Expense) - Net
Laba (Rugi) Tahun Berjalan
120,255,710
(2,185,480,487)
(448,409,910)
Income (Loss) for the Year
Jumlah Rata-rata Tertimbang Saham Dasar
(Dalam Ribuan Saham)
36,153,807,820
Laba (Rugi) per Saham (Saham Dasar atau
Dilusian per 1000 Saham)
1.87
Aset Lancar
Total Aset
Liabilitas Jangka Pendek
Total Liabilitas
Deisiensi Modal - Bersih
Modal Kerja Bersih
36,153,807,820
(53.26)
25,468,901,998
(14.55)
Weighted Average Number of Ordinary
Shares
(In Thousand Shares)
Basic/Diluted Income (Loss) per 1000
Shares
529,147,220
541,962,176
764,674,650
Current Assets
3,102,193,700
3,394,276,258
4,603,993,244
Total Assets
764,265,922
5,474,152,654
4,938,951,428
Current Liabilities
5,886,968,507
6,299,187,989
5,349,705,445
Total Liabilities
(2,784,774,807)
(2,904,911,731)
(745,712,201)
Capital - Net
(235,118,702)
(4,932,190,478)
(4,174,276,778)
Net Working Capital
Rasio (%)
Laba terhadap Aktiva
3.9%
-64.4%
-9.7%
Return on Assets
Laba terhadap Ekuitas
-4.3%
75.2%
60.1%
Return on Equity
Rasio Lancar
69.2%
9.9%
15.5%
Current Ratio
144.7%
123.7%
90.2%
Debts to Total Assets
-161.2%
-144.6%
-556.7%
Debts to Equity
100%
100%
90.8%
Gross Margin
Marjin Laba Usaha
-23.0%
-23.1%
-119.8%
Operating Margin
Marjin Laba Bersih
514.5%
-5,395.4%
-724.1%
Net Margin
Nilai Tukar Penutup pada Akhir Tahun (Rp/
US$)
13,436
13,795
12,346
Year End Closing Exchange Rate
(Rp/US$)
Nilai Tukar Rata-Rata dalam Setahun (Rp/
US$)
13,307
13,392
11,878
Average Annual Exchange Rate
(Rp/US$)
Utang terhadap Total Aktiva
PT Bumi Resources Tbk. Laporan Tahunan 2016
Utang terhadap Ekuitas
24
Ratio (%)
Marjin Laba Kotor
* Sesuai laporan yang diterbitkan | Published Report Corresponding
BUMI tidak mengkonsolidasikan KPC dan Arutmin sejak 1 Januari 2015. Kepemilikan saham BUMI sebesar 51% di KPC dan 70% di Arutmin dihitung sebagai ekuitas.
BUMI does not consolidate KPC and Arutmin from 1 January 2015. It’s ownership of 51% in KPC and 70% Arutmin is equity accounted
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
PENDAPATAN
Revenue
TOTAL ASET
Total Assets
(Juta Dolar | Million Dollar)
(Juta Dolar | Million Dollar)
61.9
Laporan Keuangan
Financial Statement
4,604.0
3,394.3
40.5
3,102.2
LABA KOTOR
Gross Proit
TOTAL LIABILITAS
Total Liabilities
(Juta Dolar | Million Dollar)
(Juta Dolar | Million Dollar)
6,299.2
56.2
2016
2015
2014
2016
2015
2014
23.4
5,887.0
5,349.7
40.5
LABA (RUGI) BERSIH
Net Income (Loss)
DEFISIENSI MODAL - NET
Capital Deiciency - Net
(Juta Dolar | Million Dollar)
(Juta Dolar | Million Dollar)
2,185.5
2,784.8
2016
2016
2015
120.3
2014
745.7
2015
2014
448.4
2,904.9
PT Bumi Resources Tbk. 2016 Annual Report
2016
2015
2014
2016
2015
2014
23.4
25
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
IKHTISAR SAHAM
STOCK HIGHLIGHTS
Kinerja Saham di Tahun 2016
Share Performance in 2016
Volume
Rp 350
4,000,000,000
300
3,500,000,000
3,000,000,000
250
2,500,000,000
200
2,000,000,000
150
1,500,000,000
100
1,000,000,000
50
500,000,000
0
0
Jan
Feb
Harga Price
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Volume
Perkembangan Harga Saham per Triwulan 2014–2016
Quarterly Share Price Performance 2014–2016
PT Bumi Resources Tbk. Laporan Tahunan 2016
Periode
26
Tertinggi
Highest
Terendah
Low
Penutupan
Close
Period
Triwulan I, 2014
269
269
269
1st Quarter, 2014
Triwulan II, 2014
184
170
170
2nd Quarter, 2014
Triwulan III, 2014
190
190
190
3rd Quarter, 2014
Triwulan IV, 2014
80
80
80
4th Quarter, 2014
Triwulan I, 2015
83
78
78
1st Quarter, 2015
Triwulan II, 2015
62
60
60
2nd Quarter, 2015
Triwulan III, 2015
50
50
50
3rd Quarter, 2015
Triwulan IV, 2015
50
50
50
4th Quarter, 2015
Triwulan I, 2016
50
50
50
1st Quarter, 2016
Triwulan II, 2016
68
67
68
2nd Quarter, 2016
Triwulan III, 2016
68
68
68
3rd Quarter, 2016
Triwulan IV, 2016
280
266
278
4th Quarter, 2016
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
Kronologi Pencatatan Saham
Share Listing Chronology
Keterangan
Description
Rasio
Perbandingan
Comparison
Ratio
Jumlah
Saham Yang
Ditawarkan
Number of
Shares Offered
Nominal Per
Saham
Nominal per
Share
Jumlah Nominal
(Rp)
Total Nominal (Rp)
Jumlah Saham
Total Shares
Tanggal
Pencatatan
Listing Date
Bursa
Regulator
IPO Rp.4,500,-
10,000,000
1,000
10,000,000,000
10,000,000
30-07-90
BE Indonesia
Company Listing
25,000,000
1,000
25,000,000,000
35,000,000
18-03-91
BE Indonesia
Right Issue 1
(7 : 2)
10,000,000
1,000
10,000,000,000
45,000,000
30-06-93
BEJ dan BES
Stock Split
(1 : 2)
45,000,000
500
22,500,000,000
90,000,000
29-09-97
BEJ dan BES
Saham Bonus
(10 : 12)
108,000,000
500
54,000,000,000
198,000,000
30-09-97
BEJ dan BES
Right Issue 2
(1 : 3)
594,000,000
500
297,000,000,000
792,000,000
24-11-97
BEJ dan BES
Right Issue 3
(2 : 47)
18,612,000,000
500
9,306,000,000,000
19,404,000,000
26-05-00
BEJ dan BES
1,369,400,000
500
684,700,000,000
20,773,400,000
05-10-10
BEI
15,853,620,427
100
1,585,362,042,700
36,627,020,427
07-10-14
BEI
Non Pre-Emptive Right
Rights Issue 4
(20 : 31)
Pembagian Dividen Tunai yang Dilakukan oleh Perseroan
Distribution of Cash Dividends by the Company
Dividen Per
Saham (Rp)
Dividends Per
Share (Rp)
Dividen Tunai
Cash Dividend
1991
50.00
35,000,000
Dividen Tunai
Cash Dividend
1992
50.00
35,000,000
Dividen Tunai
Cash Dividend
1993
50.00
45,000,000
Dividen Tunai
Cash Dividend
1998
5.00
792,000,000
Dividen Interim
Interim Dividend
2000
1.00
19,404,000,000
Dividen Final
Final Dividend
2002
2.50
19,404,000,000
13-08-03
Dividen Interim
Interim Dividend
2005
5.00
19,404,000,000
Dividen Final
Final Dividend
2005
10.00
Dividen Final
Final Dividend
2006
16.00
Jumlah Saham
Total Share
Cum Date
Ex Date
Rec Date
Tanggal Pembayaran
Payment Date
13-07-00
17-07-00
14-08-03
19-08-03
02-09-03
09-08-05
10-08-05
12-08-05
18-08-05
19,404,000,000
12-06-06
13-06-06
15-06-06
19-06-06
19,404,000,000
13-06-07
14-06-07
18-06-07
21-06-07
PT Bumi Resources Tbk. 2016 Annual Report
Tahun Buku
Fiscal Year
Keterangan
Description
27
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
Ikhtisar Saham \ Stock Highlights
Pembagian Dividen Tunai yang Dilakukan oleh Perseroan
Distribution of Cash Dividends by the Company
Tahun Buku
Fiscal Year
Dividen Per
Saham (Rp)
Dividends Per
Share (Rp)
Jumlah Saham
Total Share
Cum Date
Ex Date
Rec Date
Dividen Interim 1
Interim Dividend 1
2007
33.00
19,404,000,000
22-06-07
25-06-07
27-06-07
02-07-07
Dividen Interim 2
Interim Dividend 2
2007
33.00
19,404,000,000
28-08-07
29-08-07
31-08-07
05-09-07
Dividen Final | Final Dividend
2007
45.00
19,404,000,000
28-07-08
29-07-08
01-08-08
07-08-08
Dividen Final | Final Dividend
2008
50.60
19,404,000,000
29-07-09
30-07-09
03-08-09
18-08-08
Dividen Final | Final Dividend
2009
27.68
19,404,000,000
28-07-10
29-07-10
02-08-10
16-08-10
Dividen Final | Final Dividend
2010
41.78
20,773,400,000
27-07-11
28-07-11
01-08-11
15-08-11
Dividen Final | Final Dividend
2011
14.31
20,773,400,000
19-06-12
20-06-12
22-06-12
06-07-12
Keterangan
Description
Tanggal
Pembayaran
Payment Date
Rasio Pembayaran Dividen
Dividend Payout Ratio
Perseroan membagikan dividen maksimum 30% dari laba bersih Perseroan bergantung pada Persetujuan Pemegang Saham.
The Company distributes dividends maximum 30% of the net proit of the Company depends on the approval of Shareholders.
Tabel Kepemilikan Saham Per 31 Desember 2016
Table of Share Ownership Per 31 December 2016
Nama Investor
Investor Names
PT Bumi Resources Tbk. Laporan Tahunan 2016
No.
28
Nama Pemegang Rekening
Names of Account Holder
Jumlah
Total Shares
%
1.
CREDIT SUISSE AG SG BRANCH S/A CSAGSING-LHHL(LHHL130M)-2023334064
BUT DEUTSCHE BANK AG
8,477,485,702.00
23.15
2.
PT DAMAR REKA ENERGI
BNI SECURITIES, PT
2,300,000,000.00
6.28
3.
RAIFFEISEN BANK INTERNATIONAL AG, SINGAPORE BRANCH S/A
LONG HAUL HOLDINGS LTD
BUT. STANDARD
CHARTERED BANK
1,264,213,935.00
3.45
4.
HYLTON INVESMENTS LIMITED
PT OSO SECURITIES
900,000,000.00
2.46
5.
PT SOUTHEAST CAPITAL INVESTMENT
PT Bank UOB Indonesia
900,000,000.00
2.46
6.
Others
22,785,320,790.00
62.20
36,627,020,427.00
100
Tata Kelola Perusahaan
Good Corporate Governance
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
Kepemilikan Saham per 31 Desember 2016
Share Ownership as of December 31, 2016
23.15
%
Credit Suisse AG SG CSAGSING-LHHL
(Long Haul Holdings LTD)
6.28
PT Damar Reka Energi
4.83
62.20
Standard Chartered Bank SG PVB Clients AC
Others/Public
Raiffeisen Bank International AG, Singapore
Branch S/A Long Haul Holdings LTD
3.51
Long Haul Holdings, LTD
INFORMASI PEMEGANG SAHAM PENGENDALI
INFORMATION OF CONTROLLING
SHAREHOLDERS
Long Haul Holdings Ltd. (“Long Haul”):
Long Haul merupakan suatu badan hukum yang didirikan secara
sah berdasarkan hukum Negara Nevis dan terdaftar sebagai
perusahaan pada tanggal 3 Februari 1997. Kegiatan usaha Long
Haul bergerak dalam bidang Investasi.
Long Haul Holdings Ltd. (“Long Haul”):
Long Haul is a legal entity established under Nevis ordinance
and is registered as a company on February 3, 1997. Long Haul
engages in the business of investment.
PT Bumi Resources Tbk. 2016 Annual Report
3.45
29
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
LAPORAN DEWAN KOMISARIS
REPORT FROM THE BOARD OF COMMISSIONERS
“
30
“
PT Bumi Resources Tbk. Laporan Tahunan 2016
Keberhasilan negosiasi utang
telah menempatkan Perseroan
pada posisi yang solid untuk
melaksanakan berbagai rencana
pengembangan bisnisnya.
The success of debt restructuring has placed
our Company in a much better position to
execute our business development plans.
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility
Data Perusahaan
Corporate Data
Laporan Keuangan
Financial Statement
Eddie J. Subari
Presiden Komisaris
President Commissioner
PT Bumi Resources Tbk. 2016 Annual Report
Tata Kelola Perusahaan
Good Corporate Governance
31
Proil Perusahaan
Company Proile
Laporan Manajemen
Management Report
Pembahasan dan Analisa Manajemen
Management Discussion & Analysis
Tinjauan Fungsional
Functional Review
PT Bumi Resources Tbk. Laporan Tahunan 2016
Laporan Dewan Komisaris \ Report from the Board of Commissioners
32
Pemegang Saham yang Terhormat,
Dear Shareholders,
Tahun 2016 masih merupakan tahun yang penuh tantangan bagi
industri Batubara. Namun bagi BUMI, tahun 2016 merupakan
sebuah awal baru yang menjanjikan.
The year of 2016 was still a challenging year for the coal industry,
yet it was a new and promising start for BUMI.
Masih terjadi perlambatan ekomomi global di samping adanya
peningkatan risiko geopolitik di kawasan Timur Tengah. Namun, di
luar