PE 10 June 2016 GEMS bahasa INGGRIS FINAL
PUBLIC EXPOSE
PT Golden Energy Mines Tbk
Jakarta, 10 June 2016
Paseo Room, Sinar Mas Land Plaza, Tower II, 39th floor
Jln. MH Thamrin No. 51, Jakarta Pusat
Table of Contents
COMPANY OVERVIEW
SIGNIFICANT ACHIEVEMENTS
QUARTER 1 FINANCIAL REVIEW
QUESTION AND ANSWER
COMPANY OVERVIEW
PT Golden Energy Mines Tbk :
10 Juni 2016
PUBLIC EXPOSE
Company Overview
1.
Engaged in coal mining through its Subsidiaries and in coal trading
2.
On November 17, 2011, The Company did Initial Public Offering (IPO)
and listed on the main board of IDX with stock code of GEMS.
3.
The strategic investor, GMR Coal Resources Pte. Ltd holds 30% shares
from the total issued and paid-up capital by Company in such IPO.
4.
The Company market capitalization per 11 April 2016 amounting to
Rp 10.000.000.100.000, - (Rp 1,700 / share).
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
COMPANY STRUCTURE
PT Golden Energy Mines Tbk
100%
99%
BAS
Shanghai Co
100%
99.9998%
70%
GEMSTR
KIM
TKS
99.9951%
99.9902%
99.9999%
99%
GEMS ENERGY
99.016%
1.000%
RCI
1%
99.9181%
99.9917%
TBBU
0.0002 %
KCP
0.0083%
BBU
BHBA
0.0098 %
0.0049 %
99.0701%
BNP
BIB
0.0001%
0.0817%
Subsidiaries which majority shares are owned by The Company:
RCI
BIB
TKS
KIM
GEMSTR
Shanghai Co
BAS
TBBU
10 Juni 2016
: PT Roundhill Capital Indonesia
: PT Borneo Indobara
: PT Trisula Kencana Sakti
: PT Kuansingg Inti Makmur
: GEMS Trading Resources Pte.Ltd
: Shanghai Jingguang Energy Co. Ltd
: PT Bumi Anugerah Semesta
: PT Tanjung Belit Bara Utama
KCP
BBU
BHBA
BNP
GEMS Energy
: PT Karya Cemerlang Persada
: PT Bungo Bara Utama
: PT Bara Harmonis Batang Asam
: PT Berkat Nusantara Permai
: PT GEMS Energy Indonesia
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
MINING LOCATIONS AND PERMIT
The total mining area of all Company Subsidiaries is calculated at 38,165 ha
with total resources and reserves of approximately 2 billion tonnes and 600 million tonnes, respectively
Permit
: IUP (2009-2029)
Size
: 2.610 ha
Location : Bungo Regency, Jambi
10 Juni 2016
Permit
: IUP (2009-2028)
Permit
: PKP2B Gen. 2 (2006-2036)
Size
: 11.455 ha
Size
: 24.100 ha
Location
: North Barito and East
Barito Regencies,
Central of Kalimantan
Location
: Tanah Bumbu Regency,
South Kalimantan
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
SIGNIFICANT ACHIEVEMENTS
SIGNIFICANT ACHIEVEMENTS
TOP 50 OF THE PUBLIC LISTED COMPANY WITH THE BEST GCG
According to IICD version announced on 16 November 2015 at the Hotel Indonesia Kempinski,
Jakarta.
The Company manage to maintain its positions in the ranked of 31-40.
This award was received by the Company for the last 3 years.
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
SIGNIFICANT ACHIEVEMENTS
CREDITOR’ CONFIDENCE
Bank Mega Credit Agreement
On 11 May 2016, the Company and PT Bank Mega Tbk has signed an Addendum to Credit
Agreement for additional Demand Loan of USD 10 million with interest of 9% per annum for a
period of 1 year.
On 11 May 2016, the Company's indirect subsidiaries, BIB and PT Bank Mega has signed a
Credit Agreement for Demand Loan of USD 30 million with interest of 9% per annum for a
period of 1 year.
These facility will be used by the Company and BIB as working capital.
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
SIGNIFICANT ACHIEVEMENTS
ACHIEVEMENTS FROM GOVERMENT
the Company, through its subsidiary, PT Kuansing Inti Makmur receive award in achievement of
19 million working hour without accident (Lost Time Incident) from Bungo Regent. The award is
given to the company with no working accident (zero accident) and comply to K3 until 31
December 2015.
The Company also through its subsidiaries achieved awards in environmental management,
both KIM and BIB, again obtained PROPER BLUE Certificates from the Ministry of Environment
for the achievement and performance in the sector of environmental management and
monitoring of mining companies for period 2014-2015.
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
QUARTER 1 FINANCIAL REVIEW
EMBRACING CHANGE
ENHANCING OPPORTUNITIES
$113,60
Prices continued to slip
140.00
120.00
100.00
80.00
60.00
$49,85
NEWC
ICI4
1 Nov’11 – 6 Jun’16
Dropped by 52%
$54,14
$50.49
$27,51
1 Nov’11 – 3 Jun’16
Dropped by 45%
$26.65
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
17-Nov-11
21-Dec-11
26-Jan-12
29-Feb-12
3-Apr-12
9-May-12
12-Jun-12
16-Jul-12
17-Aug-12
20-Sep-12
24-Oct-12
27-Nov-12
3-Jan-13
6-Feb-13
12-Mar-13
17-Apr-13
22-May-13
25-Jun-13
29-Jul-13
30-Aug-13
3-Oct-13
13-Nov-13
17-Dec-13
23-Jan-14
26-Feb-14
1-Apr-14
7-May-14
10-Jun-14
14-Jul-14
15-Aug-14
19-Sep-14
23-Oct-14
26-Nov-14
2-Jan-15
5-Feb-15
11-Mar-15
15-Apr-15
20-May-15
24-Jun-15
28-Jul-15
1-Sep-15
5-Oct-15
6-Nov-15
10-Dec-15
15-Jan-16
18-Feb-16
23-Mar-16
28-Apr-16
3-Jun-16
40.00
20.00
60.00
50.00
40.00
30.00
20.00
10.00
-
10 Juni 2016
17 Nov 2011
17 Dec 2011
17 Jan 2012
17 Feb 2012
17 Mar 2012
17 Apr 2012
17 May 2012
17 Jun 2012
17 Jul 2012
17 Aug 2012
17 Sep 2012
17 Oct 2012
17 Nov 2012
17 Dec 2012
17 Jan 2013
17 Feb 2013
17 Mar 2013
17 Apr 2013
17 May 2013
17 Jun 2013
17 Jul 2013
17 Aug 2013
17 Sep 2013
17 Oct 2013
17 Nov 2013
17 Dec 2013
17 Jan 2014
17 Feb 2014
17 Mar 2014
17 Apr 2014
17 May 2014
17 Jun 2014
17 Jul 2014
17 Aug 2014
17 Sep 2014
17 Oct 2014
17 Nov 2014
17 Dec 2014
17 Jan 2015
17 Feb 2015
17 Mar 2015
17 Apr 2015
17 May 2015
17 Jun 2015
17 Jul 2015
17 Aug 2015
17 Sep 2015
17 Oct 2015
17 Nov 2015
17 Dec 2015
17 Jan 2016
17 Feb 2016
17 Mar 2016
17 Apr 2016
17 May 2016
$108.22
BRENT
140.00
120.00
100.00
80.00
60.00
40.00
20.00
-
10 Juni 2016
BRENT
1 Nov’11 – 6 Jun’16
Dropped by 53%
$50.44
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
17-Nov-11
17-Dec-11
17-Jan-12
17-Feb-12
17-Mar-12
17-Apr-12
17-May-12
17-Jun-12
17-Jul-12
17-Aug-12
17-Sep-12
17-Oct-12
17-Nov-12
17-Dec-12
17-Jan-13
17-Feb-13
17-Mar-13
17-Apr-13
17-May-13
17-Jun-13
17-Jul-13
17-Aug-13
17-Sep-13
17-Oct-13
17-Nov-13
17-Dec-13
17-Jan-14
17-Feb-14
17-Mar-14
17-Apr-14
17-May-14
17-Jun-14
17-Jul-14
17-Aug-14
17-Sep-14
17-Oct-14
17-Nov-14
17-Dec-14
17-Jan-15
17-Feb-15
17-Mar-15
17-Apr-15
17-May-15
17-Jun-15
17-Jul-15
17-Aug-15
17-Sep-15
17-Oct-15
17-Nov-15
17-Dec-15
17-Jan-16
17-Feb-16
17-Mar-16
17-Apr-16
17-May-16
IDR Slipped
8,500
9,500
IDR appreciated ~ 2% during
1 Jan’1 – 6 Jun’1
10,500
11,500
13,478
12,500
13,500
14,500
13,795
15,500
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Quantitative Performance (in mmt)
Production
Sales
10.000
10.000
8.697
9.000
9.000
8.000
6.582
6.000
7.688
5.345
7.000
6.000
5.356
5.689
5.000
4.390
4.000
4.000
3.000
2.679
3.000
1.617
2.000
1.963
1.000
1.928
2.000
1.000
-
11
10 Juni 2016
8.370
8.000
7.000
5.000
9.474
9.010
12
13
14
15
Q1 2015 Q1 2016
11
12
13
14
15
Q1 2015 Q1 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Market portfolio - changing landscape
Performance (in mmt)
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Costs
Performance (in mmt)
BIB COGS cash cost*
usd/pmt
36.00
34.40
34.00
32.00
30.00
29.11
27.85
28.00
25.39
26.00
23.53
24.00
22.00
20.25
20.00
18.00
2012
2013
2014
2015
Q1 2015
Q1 2016
* Includes selling expenses
Cost rationalization initiatives:
McKinsey (2012) and AT Kearney (2015) engaged for a cost optimization and process
improvement study
Recalibration of contractor costs
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Q1 Financial Performance
Performance (in mmt)
Q1 2015
Q1 2016
%
Production (mmt)
1.617
1.963
21%
Sales (mmt)
1.928
2.679
39%
Net Sales
77.983
94.165
21%
Gross Profit
31.034
23.644
-24%
40%
25%
9.625
11.943
12%
13%
4.298
4.408
6%
5%
2.737
1.533
4%
2%
7.683
8.950
10%
10%
(m usd)
GM %
EBITDA
EBITDA %
EBT
EBT %
EAT
EAT %
Cash Profit
CP %
10 Juni 2016
24%
3%
-44%
16%
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Statement of Financial Position (m usd)
Performance (
Liabilities
Dec 2015
Mar 2016
Net Worth
247.512
Borrowings
49.238
49.050
3.770
3.973
Other liabilities
TOTAL
10 Juni 2016
300.520
Assets
Dec 2015
248.829 Fixed Assets
Mar 2016
52.972
52.250
Def Exploration
and Def Stripping
60.619
57.603
Net Working
Capital
83.167
91.021
Cash and cash
equivalents
43.422
42.166
Other assets
60.340
58.812
300.520
301.852
301.852 T O T A L
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Cash Management
Performance (in mmt)
Description
31 Dec 2012
31 Dec 2013
31 Dec 2014
31 Dec 2015
30 Apr 2016
98
64
63
43
38
Debt Balance – in m usd
-
-
-
49
49
Debt to Equity Ratio (X)
-
-
-
0.20
0.20
End cash balance – in m usd
In May 2016, the Company and BIB signed USD 40 million Demand Loan facility with PT Bank Mega
Tbk
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Key Ratio
Performance (in mmt)
FINANCIAL RATIO
Q1 2015
Q1 2016
Return on Asset Ratio (%)
0.9%
0.4%
Return on Equity Ratio (%)
1.0%
0.6%
Net Income to Net Sales Ratio (%)
3.4%
1.6%
Current Ratio (X)
2.64
2.85
Liabilities to Equity Ratio (X)
0.19
0.50
Liabilities to Assets Ratio (X)
0.16
0.33
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Q &A
THANK YOU
PT Golden Energy Mines Tbk
Jakarta, 10 June 2016
Paseo Room, Sinar Mas Land Plaza, Tower II, 39th floor
Jln. MH Thamrin No. 51, Jakarta Pusat
Table of Contents
COMPANY OVERVIEW
SIGNIFICANT ACHIEVEMENTS
QUARTER 1 FINANCIAL REVIEW
QUESTION AND ANSWER
COMPANY OVERVIEW
PT Golden Energy Mines Tbk :
10 Juni 2016
PUBLIC EXPOSE
Company Overview
1.
Engaged in coal mining through its Subsidiaries and in coal trading
2.
On November 17, 2011, The Company did Initial Public Offering (IPO)
and listed on the main board of IDX with stock code of GEMS.
3.
The strategic investor, GMR Coal Resources Pte. Ltd holds 30% shares
from the total issued and paid-up capital by Company in such IPO.
4.
The Company market capitalization per 11 April 2016 amounting to
Rp 10.000.000.100.000, - (Rp 1,700 / share).
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
COMPANY STRUCTURE
PT Golden Energy Mines Tbk
100%
99%
BAS
Shanghai Co
100%
99.9998%
70%
GEMSTR
KIM
TKS
99.9951%
99.9902%
99.9999%
99%
GEMS ENERGY
99.016%
1.000%
RCI
1%
99.9181%
99.9917%
TBBU
0.0002 %
KCP
0.0083%
BBU
BHBA
0.0098 %
0.0049 %
99.0701%
BNP
BIB
0.0001%
0.0817%
Subsidiaries which majority shares are owned by The Company:
RCI
BIB
TKS
KIM
GEMSTR
Shanghai Co
BAS
TBBU
10 Juni 2016
: PT Roundhill Capital Indonesia
: PT Borneo Indobara
: PT Trisula Kencana Sakti
: PT Kuansingg Inti Makmur
: GEMS Trading Resources Pte.Ltd
: Shanghai Jingguang Energy Co. Ltd
: PT Bumi Anugerah Semesta
: PT Tanjung Belit Bara Utama
KCP
BBU
BHBA
BNP
GEMS Energy
: PT Karya Cemerlang Persada
: PT Bungo Bara Utama
: PT Bara Harmonis Batang Asam
: PT Berkat Nusantara Permai
: PT GEMS Energy Indonesia
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
MINING LOCATIONS AND PERMIT
The total mining area of all Company Subsidiaries is calculated at 38,165 ha
with total resources and reserves of approximately 2 billion tonnes and 600 million tonnes, respectively
Permit
: IUP (2009-2029)
Size
: 2.610 ha
Location : Bungo Regency, Jambi
10 Juni 2016
Permit
: IUP (2009-2028)
Permit
: PKP2B Gen. 2 (2006-2036)
Size
: 11.455 ha
Size
: 24.100 ha
Location
: North Barito and East
Barito Regencies,
Central of Kalimantan
Location
: Tanah Bumbu Regency,
South Kalimantan
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
SIGNIFICANT ACHIEVEMENTS
SIGNIFICANT ACHIEVEMENTS
TOP 50 OF THE PUBLIC LISTED COMPANY WITH THE BEST GCG
According to IICD version announced on 16 November 2015 at the Hotel Indonesia Kempinski,
Jakarta.
The Company manage to maintain its positions in the ranked of 31-40.
This award was received by the Company for the last 3 years.
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
SIGNIFICANT ACHIEVEMENTS
CREDITOR’ CONFIDENCE
Bank Mega Credit Agreement
On 11 May 2016, the Company and PT Bank Mega Tbk has signed an Addendum to Credit
Agreement for additional Demand Loan of USD 10 million with interest of 9% per annum for a
period of 1 year.
On 11 May 2016, the Company's indirect subsidiaries, BIB and PT Bank Mega has signed a
Credit Agreement for Demand Loan of USD 30 million with interest of 9% per annum for a
period of 1 year.
These facility will be used by the Company and BIB as working capital.
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
SIGNIFICANT ACHIEVEMENTS
ACHIEVEMENTS FROM GOVERMENT
the Company, through its subsidiary, PT Kuansing Inti Makmur receive award in achievement of
19 million working hour without accident (Lost Time Incident) from Bungo Regent. The award is
given to the company with no working accident (zero accident) and comply to K3 until 31
December 2015.
The Company also through its subsidiaries achieved awards in environmental management,
both KIM and BIB, again obtained PROPER BLUE Certificates from the Ministry of Environment
for the achievement and performance in the sector of environmental management and
monitoring of mining companies for period 2014-2015.
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
QUARTER 1 FINANCIAL REVIEW
EMBRACING CHANGE
ENHANCING OPPORTUNITIES
$113,60
Prices continued to slip
140.00
120.00
100.00
80.00
60.00
$49,85
NEWC
ICI4
1 Nov’11 – 6 Jun’16
Dropped by 52%
$54,14
$50.49
$27,51
1 Nov’11 – 3 Jun’16
Dropped by 45%
$26.65
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
17-Nov-11
21-Dec-11
26-Jan-12
29-Feb-12
3-Apr-12
9-May-12
12-Jun-12
16-Jul-12
17-Aug-12
20-Sep-12
24-Oct-12
27-Nov-12
3-Jan-13
6-Feb-13
12-Mar-13
17-Apr-13
22-May-13
25-Jun-13
29-Jul-13
30-Aug-13
3-Oct-13
13-Nov-13
17-Dec-13
23-Jan-14
26-Feb-14
1-Apr-14
7-May-14
10-Jun-14
14-Jul-14
15-Aug-14
19-Sep-14
23-Oct-14
26-Nov-14
2-Jan-15
5-Feb-15
11-Mar-15
15-Apr-15
20-May-15
24-Jun-15
28-Jul-15
1-Sep-15
5-Oct-15
6-Nov-15
10-Dec-15
15-Jan-16
18-Feb-16
23-Mar-16
28-Apr-16
3-Jun-16
40.00
20.00
60.00
50.00
40.00
30.00
20.00
10.00
-
10 Juni 2016
17 Nov 2011
17 Dec 2011
17 Jan 2012
17 Feb 2012
17 Mar 2012
17 Apr 2012
17 May 2012
17 Jun 2012
17 Jul 2012
17 Aug 2012
17 Sep 2012
17 Oct 2012
17 Nov 2012
17 Dec 2012
17 Jan 2013
17 Feb 2013
17 Mar 2013
17 Apr 2013
17 May 2013
17 Jun 2013
17 Jul 2013
17 Aug 2013
17 Sep 2013
17 Oct 2013
17 Nov 2013
17 Dec 2013
17 Jan 2014
17 Feb 2014
17 Mar 2014
17 Apr 2014
17 May 2014
17 Jun 2014
17 Jul 2014
17 Aug 2014
17 Sep 2014
17 Oct 2014
17 Nov 2014
17 Dec 2014
17 Jan 2015
17 Feb 2015
17 Mar 2015
17 Apr 2015
17 May 2015
17 Jun 2015
17 Jul 2015
17 Aug 2015
17 Sep 2015
17 Oct 2015
17 Nov 2015
17 Dec 2015
17 Jan 2016
17 Feb 2016
17 Mar 2016
17 Apr 2016
17 May 2016
$108.22
BRENT
140.00
120.00
100.00
80.00
60.00
40.00
20.00
-
10 Juni 2016
BRENT
1 Nov’11 – 6 Jun’16
Dropped by 53%
$50.44
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
17-Nov-11
17-Dec-11
17-Jan-12
17-Feb-12
17-Mar-12
17-Apr-12
17-May-12
17-Jun-12
17-Jul-12
17-Aug-12
17-Sep-12
17-Oct-12
17-Nov-12
17-Dec-12
17-Jan-13
17-Feb-13
17-Mar-13
17-Apr-13
17-May-13
17-Jun-13
17-Jul-13
17-Aug-13
17-Sep-13
17-Oct-13
17-Nov-13
17-Dec-13
17-Jan-14
17-Feb-14
17-Mar-14
17-Apr-14
17-May-14
17-Jun-14
17-Jul-14
17-Aug-14
17-Sep-14
17-Oct-14
17-Nov-14
17-Dec-14
17-Jan-15
17-Feb-15
17-Mar-15
17-Apr-15
17-May-15
17-Jun-15
17-Jul-15
17-Aug-15
17-Sep-15
17-Oct-15
17-Nov-15
17-Dec-15
17-Jan-16
17-Feb-16
17-Mar-16
17-Apr-16
17-May-16
IDR Slipped
8,500
9,500
IDR appreciated ~ 2% during
1 Jan’1 – 6 Jun’1
10,500
11,500
13,478
12,500
13,500
14,500
13,795
15,500
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Quantitative Performance (in mmt)
Production
Sales
10.000
10.000
8.697
9.000
9.000
8.000
6.582
6.000
7.688
5.345
7.000
6.000
5.356
5.689
5.000
4.390
4.000
4.000
3.000
2.679
3.000
1.617
2.000
1.963
1.000
1.928
2.000
1.000
-
11
10 Juni 2016
8.370
8.000
7.000
5.000
9.474
9.010
12
13
14
15
Q1 2015 Q1 2016
11
12
13
14
15
Q1 2015 Q1 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Market portfolio - changing landscape
Performance (in mmt)
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Costs
Performance (in mmt)
BIB COGS cash cost*
usd/pmt
36.00
34.40
34.00
32.00
30.00
29.11
27.85
28.00
25.39
26.00
23.53
24.00
22.00
20.25
20.00
18.00
2012
2013
2014
2015
Q1 2015
Q1 2016
* Includes selling expenses
Cost rationalization initiatives:
McKinsey (2012) and AT Kearney (2015) engaged for a cost optimization and process
improvement study
Recalibration of contractor costs
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Q1 Financial Performance
Performance (in mmt)
Q1 2015
Q1 2016
%
Production (mmt)
1.617
1.963
21%
Sales (mmt)
1.928
2.679
39%
Net Sales
77.983
94.165
21%
Gross Profit
31.034
23.644
-24%
40%
25%
9.625
11.943
12%
13%
4.298
4.408
6%
5%
2.737
1.533
4%
2%
7.683
8.950
10%
10%
(m usd)
GM %
EBITDA
EBITDA %
EBT
EBT %
EAT
EAT %
Cash Profit
CP %
10 Juni 2016
24%
3%
-44%
16%
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Statement of Financial Position (m usd)
Performance (
Liabilities
Dec 2015
Mar 2016
Net Worth
247.512
Borrowings
49.238
49.050
3.770
3.973
Other liabilities
TOTAL
10 Juni 2016
300.520
Assets
Dec 2015
248.829 Fixed Assets
Mar 2016
52.972
52.250
Def Exploration
and Def Stripping
60.619
57.603
Net Working
Capital
83.167
91.021
Cash and cash
equivalents
43.422
42.166
Other assets
60.340
58.812
300.520
301.852
301.852 T O T A L
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Cash Management
Performance (in mmt)
Description
31 Dec 2012
31 Dec 2013
31 Dec 2014
31 Dec 2015
30 Apr 2016
98
64
63
43
38
Debt Balance – in m usd
-
-
-
49
49
Debt to Equity Ratio (X)
-
-
-
0.20
0.20
End cash balance – in m usd
In May 2016, the Company and BIB signed USD 40 million Demand Loan facility with PT Bank Mega
Tbk
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Key Ratio
Performance (in mmt)
FINANCIAL RATIO
Q1 2015
Q1 2016
Return on Asset Ratio (%)
0.9%
0.4%
Return on Equity Ratio (%)
1.0%
0.6%
Net Income to Net Sales Ratio (%)
3.4%
1.6%
Current Ratio (X)
2.64
2.85
Liabilities to Equity Ratio (X)
0.19
0.50
Liabilities to Assets Ratio (X)
0.16
0.33
10 Juni 2016
Ruang Paseo, Sinar Mas Land Plaza, Menara II, Lantai 39
Q &A
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