Company Presentation | Samindo
Company Profile
Integrated Mining Service Company
Content
1
Company
Information
2
Financial
Information
3
2nd Quarter
Update
Company in brief
Revenue Profile
Milestone
Cost Profile
Revenue
Profitability & Margin
Profitability & Margin
Corporate Structure
Shareholders
Board of Directors
Business Line
Asset , Liabilities &
Equity
2014 Plan
Subsidiaries
Operational Result
Asset
Liabilities
Cash Flow
Capital Expenditure
Market
Operational Result
2
1
Company
Information
Company in brief
Milestone
Corporate Structure
Shareholders
Board of Directors
Business Line
Subsidiaries
Market
Operational Result
3
Company in Brief
PT Samindo Resources Tbk
PT Samindo Resources, Tbk. ( Company ) is leading investment Company in Indonesia as the holding company
of the subsidiaries in trusted mining services sector. At the beginning the Company was established with the
name of PT Myohdotcom Indonesia on 15 March 2000 and then changed the name to PT Myoh Technology, Tbk
on 8 January 2003. Then in 2011, the Company changed its name into PT Samindo Resources, Tbk.
Vision
To become a holding
company with high
quality and
comprehensive
mining services
based on resources
development.
Mission
•
•
To create an
excellent mining
operation and its
management system
To secure the full
ranged competitive
mining services and
sustainable reserve
4
Value
•
Integrity Focus
•
Global Excellence
•
Lead Change
•
Mutual Progress
Milestone
2000
•
•
The Company was
established
Initial Public Offering
2011
•
•
•
•
•
Change of name to PT
Samindo Resources Tbk
Change of business nature
Reverse stock
Rights Issue I
Acquisition of PT SIMS Jaya
Kaltim
5
2012
•
•
•
•
Rights Issue II
Acquisition of PT Samindo
Utama Kaltim
Acquisition of PT Trasindo
Murni Perkasa
Acquisition of PT Mintec Abadi
Corporate Structure
Board of Commissioners
Board of Directors
Internal Audit
Corporate Secretary
Accounting &
finance Team
Legal Team
HRD & GA Team
6
Busdev Team
Shareholders
Samtan Co.Ltd
Samtan Co.Ltd is one of
the biggest Korean
Corporation. Samtan
main business is focused
on energy and
development of resources.
Samtan involved in
several energy project in
Indonesia such as:
- Coal mining
- LPG
- Independent Power
Plant
- Palm oil
Favor Sum
15.12%
59.11%
Total Share Issued
2,206,312,500 shares
25.77%
7
Investment Company
with portfolio in
Indonesia
Public
-
Retail Investor
Fund
Corporation
Board of Directors
Witoro
Kim, Young Chan
President Director
Lee, Kang Hyeob
Director
Independent Director
8
Yoo, Hun Jae
Director
Business Line
PT Samindo Resources Tbk provide a comprehensive coal mining services combine with the human
resources and technology into excellent services
Overburden Removal
Equipment:
- Excavator
Coal Hauling
Coal Getting
Equipment:
- Tractor 100 unit
16 unit
- Trailer
- Dump Truck 113 unit
- Bulldozer
32 unit
9
190 unit
Drilling
Equipment:
- Drilling Rig 2 unit
Subsidiaries
SIMS jaya kaltim
Ownership:
99.90%
Core Competencies:
Overburden & Coal Getting
Services
Business Activity:
1. Wasted Removal
2. Coal Getting
Trasindo Murni Perkasa
Samindo Utama Kaltim
Ownership:
99.80%
Ownership:
99.67%
Ownership:
99.60%
Core Competencies:
Coal Hauling Services
Core Competencies:
Coal Hauling Services
Core Competencies:
Coal Mining Drilling
services
Business Activity:
Hauling of coal
Business Activity:
Hauling of coal
Business Activity:
Business consultant
10
Mintec Abadi
Market
The Company currently is one of the mining services companies entrusted to work on the mining
concession area of PT Kideco Jaya Agung. PT Kideco jaya Agung is 3rd largest Indonesia coal producer
(Million ton)
34
37
32
29
Indonesia 2013 total
coal production
400 million ton
Kideco Coal
Production
2010
37 million ton
2011
2012
2013
Currently PT Samindo Resources Tbk serve PT
Kideco Jaya Agung as a contractor for wasted
removal, coal getting, coal hauling and drilling
activity
(Source: APBI)
11
Operational Result
(Million BCM)
(Million ton)
Overburden removal
45
2011
52
48
2012
8
2011
2013
(Million ton)
Coal Hauling
29
Coal Getting
7
2012
Operation
Activity
9
2013
(Thousand meters)
Drilling
30
29
27
29
26
2011
2012
2011
2013
12
2012
2013
2
Financial
Information
Revenue Profile
Cost Profile
Profitability & Margin
Asset, Liabilities & Equity
2014 Plan
13
Revenue Profile
(Rp billion)
Consolidated Revenue
2,456
1,428
1,794
(Rp billion)
Coal Hauling
2011
2012
2013
(Rp billion)
Wasted Removal & Coal Getting
32%
1,355
921
716
83
2011
115
80
2012
67%
67%
2011
2011
(Based on Financial Year 2013)
14
2013
Drilling
12
Wasted Removal
2012
(Rp billion)
32%
2013
Coal Getting
490
588
692
17
2012
18
2013
Cost Profile
(Rp billion)
COGS VS COGS Margin
7%
3,000
87%
86%
86%
90%
85%
2,500
2,110
2,000
Cost
Structure
38%
75%
53%
1,500
60%
2011
2012
COGS
2013
COGS Margin
Samindo consistently managed the cost over the
time. Despite of the increasing in COGS, Samindo
succeed to manage the COGS margin. In the top of
that there s a negative trend in Samindo COGS
margin
3%
(Based on Financial Year 2013)
Depreciation
1,231
70%
65%
-
Overhead
1,561
1,000
500
Material
80%
Labor
15
55%
50%
Profitability & Margin
(Rp billion)
Gross Profit
(Rp billion)
(Rp billion)
(Rp billion)
Operating Profit
EBITDA
Net Profit
419
197
2011
232
346
147
2012
2013
Gross Profit Margin
13.8%
278
13.0%
14.1%
2011
174
168
(6)
2012
2013
2011
Operating Profit Margin
2012
2013
36
2012
2013
Net Profit Margin
2011
2012
2013
EBITDA Margin
17.0%
10.3%
9.4%
11.3%
(0.4%)
2011
212
259
2011
2012
2013
2011
16
2.0%
2012
7.1%
2013
14.8%
14.5%
2011
2012
2013
Asset, Liabilities & Equity
(Rp billion)
Total Liabilities
911
(FY 2013, billion)
Current Asset
Rp 1,034
605
464
2011
2012
Current
Liabilities
2013
Current
Asset
Total Asset
Rp 1,816
Non
Current
Liabilities
(FY 2013, billion)
Non Current Asset
688
905
(Rp billion)
Current Liabilities
656
330
2011
2012
Non Current Liabilities
365
508
8
2011
Non Current
Asset
Equity
2013
Total Equity
17
Rp 782
(FY 2013, billion)
2012
Equity
461
2012
2013
(Rp billion)
335
2011
525
2011
2013
(Rp billion)
782
271
2012
2013
2014 Plan
Financial Plan
Operation Plan
Business Line
2013
2014
Growth
2,456
3,037
24%
Gross Profit
346
349
0.9%
10%
Operating Profit
278
262
-5.7%
-7.1%
Net Income
173
182
5.2%
Growth
2013
2014
52
58
12%
Revenue
Coal Getting
9
11
22%
Coal Hauling
30
33
Drilling
29
27
Overburden
Removal
(Million BCM)
(Million ton)
(Million ton)
(Thousand meters)
(Actual)
(Plan)
(Rp billion)
Profit & Loss
18
(Actual)
(Plan)
3
2nd Quarter Update
Operational Result
Revenue
Profitability & Margin
Asset
Liabilities
Cash Flow
Capital Expenditure
19
Operation Result
(Million BCM)
Wasted Removal
25.5
2nd Q 2013
26.5
2nd Q 2014
(Million ton)
Coal Getting
Coal Hauling
4.5
14.9
16.2
2nd Q 2014
2nd Q 2013
2nd Q 2014
4.3
2nd Q 2013
(Million ton)
20
Revenue
(Rp billion)
Consolidated
1,478
1,107
2nd Q 2014
2nd Q 2013
(Rp billion)
Wasted Removal
605
(Rp billion)
(Rp billion)
Coal Hauling
Coal Getting
799
53
(Rp billion)
62
Drilling
386
326
8
2nd Q 2013
2nd Q 2014
2nd Q 2013
2nd Q 2013
2nd Q 2014
21
2nd Q 2014
2nd Q 2013
9
2nd Q 2014
Profitability & Margin
(Rp billion)
Gross Profit
(Rp billion)
Operating Profit
229
155
2nd Q 2013
124
2nd Q 2014
Gross Profit Margin
14.0%
15.5%
(Rp billion)
2nd Q 2013
Net Profit
EBITDA
275
191
87
2nd Q 2013
2nd Q 2014
Operating Profit Margin
11.2%
(Rp billion)
141
2nd Q 2014
Net Profit Margin
9.6%
12.9%
188
2nd Q 2013
2nd Q 2014
EBITDA Margin
17.0%
18.6%
7.9%
2nd Q 2013
2nd Q 2014
2nd Q 2013
2nd Q 2013
2nd Q 2014
22
2nd Q 2014
2nd Q 2013
2nd Q 2014
Asset
Current Asset
911
(Rp billion)
(Rp billion)
1,016
113
238
2013
905
2013
227
Inventory
2nd Q 2014
(Rp billion)
(Rp billion)
Fixed Asset
1,009
898
2013
2013
A/R
Q 2014
Non Current Asset
240
95
Cash
2nd
226
2nd Q 2014
23
1,001
2nd Q 2014
(Rp billion)
Total Asset
2013
1,816
2nd Q 2014
2,025
Liabilities
(Rp billion)
Current Liabilities
525
(Rp billion)
219
664
360
Trade Payable
2013
508
2013
(Rp billion)
2nd Q 2014
2nd Q 2014
(Rp billion)
Long Term Bank Loan
494
501
2013
24
263
Short Term Loan
2013
2nd Q 2014
Non Current Liabilities
268
485
2nd Q 2014
(Rp billion)
Total Liabilities
2013
1,034
2nd Q 2014
1,165
Cash flow
(Rp million)
Cash Flow from operation
(Rp million)
Cash Flow for Investment
(386)
(Rp million)
Cash Flow from Financing
290
241
(202)
73
2nd Q 2013
(57)
2nd Q 2014
2nd Q 2013
2nd Q 2014
25
2nd Q 2013
2nd Q 2014
Capital Expenditure
* 1US$ = Rp 11,000
Capital Expenditure Realization (2nd Q 2014)
Capital Expenditure
Rp 307 billion
Not Utilize
Utilize
26
Machinery
Rp 5.8 billion
Heavy Equipment
Rp 180 billion
Total
Rp 186 billion
Thank You
Integrated Mining Service Company
Content
1
Company
Information
2
Financial
Information
3
2nd Quarter
Update
Company in brief
Revenue Profile
Milestone
Cost Profile
Revenue
Profitability & Margin
Profitability & Margin
Corporate Structure
Shareholders
Board of Directors
Business Line
Asset , Liabilities &
Equity
2014 Plan
Subsidiaries
Operational Result
Asset
Liabilities
Cash Flow
Capital Expenditure
Market
Operational Result
2
1
Company
Information
Company in brief
Milestone
Corporate Structure
Shareholders
Board of Directors
Business Line
Subsidiaries
Market
Operational Result
3
Company in Brief
PT Samindo Resources Tbk
PT Samindo Resources, Tbk. ( Company ) is leading investment Company in Indonesia as the holding company
of the subsidiaries in trusted mining services sector. At the beginning the Company was established with the
name of PT Myohdotcom Indonesia on 15 March 2000 and then changed the name to PT Myoh Technology, Tbk
on 8 January 2003. Then in 2011, the Company changed its name into PT Samindo Resources, Tbk.
Vision
To become a holding
company with high
quality and
comprehensive
mining services
based on resources
development.
Mission
•
•
To create an
excellent mining
operation and its
management system
To secure the full
ranged competitive
mining services and
sustainable reserve
4
Value
•
Integrity Focus
•
Global Excellence
•
Lead Change
•
Mutual Progress
Milestone
2000
•
•
The Company was
established
Initial Public Offering
2011
•
•
•
•
•
Change of name to PT
Samindo Resources Tbk
Change of business nature
Reverse stock
Rights Issue I
Acquisition of PT SIMS Jaya
Kaltim
5
2012
•
•
•
•
Rights Issue II
Acquisition of PT Samindo
Utama Kaltim
Acquisition of PT Trasindo
Murni Perkasa
Acquisition of PT Mintec Abadi
Corporate Structure
Board of Commissioners
Board of Directors
Internal Audit
Corporate Secretary
Accounting &
finance Team
Legal Team
HRD & GA Team
6
Busdev Team
Shareholders
Samtan Co.Ltd
Samtan Co.Ltd is one of
the biggest Korean
Corporation. Samtan
main business is focused
on energy and
development of resources.
Samtan involved in
several energy project in
Indonesia such as:
- Coal mining
- LPG
- Independent Power
Plant
- Palm oil
Favor Sum
15.12%
59.11%
Total Share Issued
2,206,312,500 shares
25.77%
7
Investment Company
with portfolio in
Indonesia
Public
-
Retail Investor
Fund
Corporation
Board of Directors
Witoro
Kim, Young Chan
President Director
Lee, Kang Hyeob
Director
Independent Director
8
Yoo, Hun Jae
Director
Business Line
PT Samindo Resources Tbk provide a comprehensive coal mining services combine with the human
resources and technology into excellent services
Overburden Removal
Equipment:
- Excavator
Coal Hauling
Coal Getting
Equipment:
- Tractor 100 unit
16 unit
- Trailer
- Dump Truck 113 unit
- Bulldozer
32 unit
9
190 unit
Drilling
Equipment:
- Drilling Rig 2 unit
Subsidiaries
SIMS jaya kaltim
Ownership:
99.90%
Core Competencies:
Overburden & Coal Getting
Services
Business Activity:
1. Wasted Removal
2. Coal Getting
Trasindo Murni Perkasa
Samindo Utama Kaltim
Ownership:
99.80%
Ownership:
99.67%
Ownership:
99.60%
Core Competencies:
Coal Hauling Services
Core Competencies:
Coal Hauling Services
Core Competencies:
Coal Mining Drilling
services
Business Activity:
Hauling of coal
Business Activity:
Hauling of coal
Business Activity:
Business consultant
10
Mintec Abadi
Market
The Company currently is one of the mining services companies entrusted to work on the mining
concession area of PT Kideco Jaya Agung. PT Kideco jaya Agung is 3rd largest Indonesia coal producer
(Million ton)
34
37
32
29
Indonesia 2013 total
coal production
400 million ton
Kideco Coal
Production
2010
37 million ton
2011
2012
2013
Currently PT Samindo Resources Tbk serve PT
Kideco Jaya Agung as a contractor for wasted
removal, coal getting, coal hauling and drilling
activity
(Source: APBI)
11
Operational Result
(Million BCM)
(Million ton)
Overburden removal
45
2011
52
48
2012
8
2011
2013
(Million ton)
Coal Hauling
29
Coal Getting
7
2012
Operation
Activity
9
2013
(Thousand meters)
Drilling
30
29
27
29
26
2011
2012
2011
2013
12
2012
2013
2
Financial
Information
Revenue Profile
Cost Profile
Profitability & Margin
Asset, Liabilities & Equity
2014 Plan
13
Revenue Profile
(Rp billion)
Consolidated Revenue
2,456
1,428
1,794
(Rp billion)
Coal Hauling
2011
2012
2013
(Rp billion)
Wasted Removal & Coal Getting
32%
1,355
921
716
83
2011
115
80
2012
67%
67%
2011
2011
(Based on Financial Year 2013)
14
2013
Drilling
12
Wasted Removal
2012
(Rp billion)
32%
2013
Coal Getting
490
588
692
17
2012
18
2013
Cost Profile
(Rp billion)
COGS VS COGS Margin
7%
3,000
87%
86%
86%
90%
85%
2,500
2,110
2,000
Cost
Structure
38%
75%
53%
1,500
60%
2011
2012
COGS
2013
COGS Margin
Samindo consistently managed the cost over the
time. Despite of the increasing in COGS, Samindo
succeed to manage the COGS margin. In the top of
that there s a negative trend in Samindo COGS
margin
3%
(Based on Financial Year 2013)
Depreciation
1,231
70%
65%
-
Overhead
1,561
1,000
500
Material
80%
Labor
15
55%
50%
Profitability & Margin
(Rp billion)
Gross Profit
(Rp billion)
(Rp billion)
(Rp billion)
Operating Profit
EBITDA
Net Profit
419
197
2011
232
346
147
2012
2013
Gross Profit Margin
13.8%
278
13.0%
14.1%
2011
174
168
(6)
2012
2013
2011
Operating Profit Margin
2012
2013
36
2012
2013
Net Profit Margin
2011
2012
2013
EBITDA Margin
17.0%
10.3%
9.4%
11.3%
(0.4%)
2011
212
259
2011
2012
2013
2011
16
2.0%
2012
7.1%
2013
14.8%
14.5%
2011
2012
2013
Asset, Liabilities & Equity
(Rp billion)
Total Liabilities
911
(FY 2013, billion)
Current Asset
Rp 1,034
605
464
2011
2012
Current
Liabilities
2013
Current
Asset
Total Asset
Rp 1,816
Non
Current
Liabilities
(FY 2013, billion)
Non Current Asset
688
905
(Rp billion)
Current Liabilities
656
330
2011
2012
Non Current Liabilities
365
508
8
2011
Non Current
Asset
Equity
2013
Total Equity
17
Rp 782
(FY 2013, billion)
2012
Equity
461
2012
2013
(Rp billion)
335
2011
525
2011
2013
(Rp billion)
782
271
2012
2013
2014 Plan
Financial Plan
Operation Plan
Business Line
2013
2014
Growth
2,456
3,037
24%
Gross Profit
346
349
0.9%
10%
Operating Profit
278
262
-5.7%
-7.1%
Net Income
173
182
5.2%
Growth
2013
2014
52
58
12%
Revenue
Coal Getting
9
11
22%
Coal Hauling
30
33
Drilling
29
27
Overburden
Removal
(Million BCM)
(Million ton)
(Million ton)
(Thousand meters)
(Actual)
(Plan)
(Rp billion)
Profit & Loss
18
(Actual)
(Plan)
3
2nd Quarter Update
Operational Result
Revenue
Profitability & Margin
Asset
Liabilities
Cash Flow
Capital Expenditure
19
Operation Result
(Million BCM)
Wasted Removal
25.5
2nd Q 2013
26.5
2nd Q 2014
(Million ton)
Coal Getting
Coal Hauling
4.5
14.9
16.2
2nd Q 2014
2nd Q 2013
2nd Q 2014
4.3
2nd Q 2013
(Million ton)
20
Revenue
(Rp billion)
Consolidated
1,478
1,107
2nd Q 2014
2nd Q 2013
(Rp billion)
Wasted Removal
605
(Rp billion)
(Rp billion)
Coal Hauling
Coal Getting
799
53
(Rp billion)
62
Drilling
386
326
8
2nd Q 2013
2nd Q 2014
2nd Q 2013
2nd Q 2013
2nd Q 2014
21
2nd Q 2014
2nd Q 2013
9
2nd Q 2014
Profitability & Margin
(Rp billion)
Gross Profit
(Rp billion)
Operating Profit
229
155
2nd Q 2013
124
2nd Q 2014
Gross Profit Margin
14.0%
15.5%
(Rp billion)
2nd Q 2013
Net Profit
EBITDA
275
191
87
2nd Q 2013
2nd Q 2014
Operating Profit Margin
11.2%
(Rp billion)
141
2nd Q 2014
Net Profit Margin
9.6%
12.9%
188
2nd Q 2013
2nd Q 2014
EBITDA Margin
17.0%
18.6%
7.9%
2nd Q 2013
2nd Q 2014
2nd Q 2013
2nd Q 2013
2nd Q 2014
22
2nd Q 2014
2nd Q 2013
2nd Q 2014
Asset
Current Asset
911
(Rp billion)
(Rp billion)
1,016
113
238
2013
905
2013
227
Inventory
2nd Q 2014
(Rp billion)
(Rp billion)
Fixed Asset
1,009
898
2013
2013
A/R
Q 2014
Non Current Asset
240
95
Cash
2nd
226
2nd Q 2014
23
1,001
2nd Q 2014
(Rp billion)
Total Asset
2013
1,816
2nd Q 2014
2,025
Liabilities
(Rp billion)
Current Liabilities
525
(Rp billion)
219
664
360
Trade Payable
2013
508
2013
(Rp billion)
2nd Q 2014
2nd Q 2014
(Rp billion)
Long Term Bank Loan
494
501
2013
24
263
Short Term Loan
2013
2nd Q 2014
Non Current Liabilities
268
485
2nd Q 2014
(Rp billion)
Total Liabilities
2013
1,034
2nd Q 2014
1,165
Cash flow
(Rp million)
Cash Flow from operation
(Rp million)
Cash Flow for Investment
(386)
(Rp million)
Cash Flow from Financing
290
241
(202)
73
2nd Q 2013
(57)
2nd Q 2014
2nd Q 2013
2nd Q 2014
25
2nd Q 2013
2nd Q 2014
Capital Expenditure
* 1US$ = Rp 11,000
Capital Expenditure Realization (2nd Q 2014)
Capital Expenditure
Rp 307 billion
Not Utilize
Utilize
26
Machinery
Rp 5.8 billion
Heavy Equipment
Rp 180 billion
Total
Rp 186 billion
Thank You