born public expose 16 okt 2013
PT Borneo Lumbung Energi & Metal Tbk (“BORN”)
PAPARAN PUBLIK
16 Oktober 2013
Hotel Indonesia Kempinski Jakarta
1
Disclaimer
This presentation is prepared by PT Borneo Lumbung Energi & Metal Tbk (the “Company”) solely for the purpose of investor presentations and unless otherwise
expressly authorized by the Company, shall not be used by any third party. The recipient of this presentation shall only use the information contained herein solely
in the context of obtaining information about the Company and/or updating such information and not for any other purposes, commercial or otherwise. This
presentation does not constitute or form part of any offer for sale or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither this
presentation nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. The information set
out herein is not and does not purport to be an appraisal or valuation of any of the securities, assets or businesses mentioned herein. You acknowledge that any
assessment of the Company that may be made by you will be independent of this document and that you will be solely responsible for your own assessment of the
market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential
future performance of the business of the Company.
This presentation contains “forward-looking” statements that relate to future events which are, by their nature, subject to significant risks and uncertainties. All
statements, other than statements of historical facts contained in this presentation, on the Company’s future financial position, strategy, plans, goals, and targets,
future developments are forward-looking statements. The future events referred to in these forward-looking statements involve known and unknown risks,
uncertainties and other factors, many of which are beyond our control, which may cause the actual results to be materially different from those expressed or implied
by the forward-looking statements. These forward-looking statements are based on numerous assumptions regarding our present and future business strategies
and the environment in which we operate and are not a guarantee of future performance. Any reference to past performance should not be taken as an indication
of future performance. The Company makes no representation, warranty or prediction that the results anticipated by such forward-looking statements will be
achieved, and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or
standard scenario, nor any liability therefore (including direct, indirect or consequential loss or damage).
You agree to keep the contents of this presentation strictly confidential. This presentation material is highly confidential, is being presented solely for your
information and may not be copied, reproduced or redistributed to any other person in any manner. In particular, this presentation may not be taken or transmitted
into the United States, Canada, Indonesia or Japan or distributed, directly or indirectly, in the United States, Canada, Indonesia or Japan. The Company does not
intend to register any of its securities for offer or sale in the United States, or to conduct a public offering of securities in the United States.
Certain data in this presentation was obtained from various external data sources, and the Company has not verified such data with independent sources.
Accordingly, the Company makes no representations as to the accuracy or completeness of that data, and such data involves risks and uncertainties and is subject
to change based on various factors.
The information contained in this document is as of 30 September 2013. Neither the delivery of this document nor any further discussions of the Company with any
of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.
By attending the meeting where this presentation is made, or by reading these presentation slides, you agree to be bound by the foregoing limitations.
2
Pembaruan BORN
3
BORN
Dari sebuah konsesi greenfield di tahun 2008, BORN mengembangkan AKT
menjadi produsen coking coal terbesar dan terpenting di Indonesia
BORN adalah perusahaan induk, berkecimpung
dalam usaha pertambangan coking coal melalui
anak perusahaannya yaitu PT Asmin Koalindo Tuhup
(“AKT”)
Struktur Perseroan saat ini
PT Republik Energi & Metal
Masyarakat
AKT merupakan pemegang PKP2B generasi ketiga
yang memiliki hak-hak dan/atau kondisi-kondisi
khusus yang menguntungkan.
Borneo Mining Services (“BMS”) memiliki
peralatan pertambangan yang disewakan kepada
AKT
61%
39%
PT
BORN terdaftar di
November 2010
PT Borneo Lumbung Energi & Metal TBK
Bursa Efek Indonesia pada 26
99.9%
Menghasilkan lebih dari 12 juta ton hard coking coal
sejak tahun 2009 sampai dengan Juni 2013
Berhasil mengakuisisi 23,8% kepemilikan saham di
BUMI Plc pada 20 Januari 2012
(1)
Notes:
1 23.8% saham dipegang secara tidak langsung oleh dua usaha patungan dengan Bakrie Group
4
PT ASMIN
KOALINDO
TUHUP
(PKP2B)
99.9%
PT BORNEO
MINING
SERVICES
23.8%
BUMI Plc
Peningkatan Sumber Daya dan Cadangan
Potensi Sumber Daya dan Cadangan yang masih tinggi.
Peningkatan sumber daya
dan cadangan di kedua
blok, yakni Blok Kohong
dan Blok Telakon
Sertifikasi
JORC; total
sumber daya 317,8 juta
dan total cadangan 167,8
juta,
masih
dapat
mencukupi untuk produksi
sampai 33 tahun ke
depan, dengan asumsi
kapasitas poduksi 2012 di
level 5 juta ton per tahun
Masa
berlaku PKP2B
hingga tahun 2039.
Sumber Daya JORC per Oktober 2012
Cadangan JORC per Maret 2013
(mt)
Proved
Probable
Total
(mt)
Measured
Indicated
Inferred
Total
Kohong
53,0
84,0
137,0
Kohong
77,9
70,4
81,8
230,1
Telakon
4,0
26,8
30,8
Telakon
4,7
30,8
52,2
87,7
57,0
110,8
167,8
82,6
101,2
134,0
317,8
Total
5
Total
Ringkasan Posisi Keuangan
Dalam Jutaan Dolar AS
NERACA
LABA RUGI
2009
2010
2011
2012
Aset Lancar
32
348
970
753
Aset Tidak Lancar
451
587
719
1.309
Total Aset
483
934
1.688
2.062
Total Pinjaman Pihak Ketiga
329
32
410
1.319
Total Liabilitas
477
215
759
1.709
Total Ekuitas
6
719
929
353
Penjualan Bersih
22
303
693
646
EBITDA
9
147
360
221
Laba Usaha
6
103
289
132
-11
39
210
(570)
Pinjaman Bersih terhadap Ekuitas
54,8X
0,04X
0,06X
4,84X
EBITDA terhadap Pinjaman Bersih
0,02X
4,62X
5,81X
0,17X
Marjin EBITDA
41%
48%
52%
34%
Marjin laba usaha
27%
34%
42%
20%
Marjin laba bersih
-
12,5%
30,7%
N/A
Laba/(Rugi) Bersih
RASIO
6
Kinerja Operasional dan Keuangan
BORN mencapai tingkat produksi, pendapatan dan hasil usaha di industrinya
Pendapatan (FYE Dec)
Produksi (FYE Dec)
000 tonnes
US$’000
30%
(7%)
US$
US$ Million
Million
(1)
EBITDA (FYE Dec) (1)
US$’000
,6
%
% marjin
US$’000
1%
(17
(3
8
Laba Bersih (FYE Dec)
% marjin
)
)
Notes:
1 EBITDA dihitung dari laba operasi sebelum depresiasi dan amortisasi
7
Langkah selanjutnya
8
23,8% di Bumi Plc
PT Republik Energi & Metal
Masyarakat
61%
Bakrie Group
Lainnya
39%
PT Borneo Lumbung Energi & Metal TBK
99.9%
PT ASMIN
KOALINDO
TUHUP
(PKP2B)
99.9%
PT BORNEO
MINING
SERVICES
51%
49%
49%
BORNEO BUMI
51%
BUMI BORNEO
47.6%
42.4%
BUMI Plc
Pemisahan Bakrie Group (dan
BORN) di Bumi Plc
29.2%
84.7%
Berau
Divestasi strategis saham AKT
BUMI Resources
87%
(sampai dengan 20 %)
BUMI Resources Minerals
9
TANYA JAWAB
10
TERIMA KASIH
11
PAPARAN PUBLIK
16 Oktober 2013
Hotel Indonesia Kempinski Jakarta
1
Disclaimer
This presentation is prepared by PT Borneo Lumbung Energi & Metal Tbk (the “Company”) solely for the purpose of investor presentations and unless otherwise
expressly authorized by the Company, shall not be used by any third party. The recipient of this presentation shall only use the information contained herein solely
in the context of obtaining information about the Company and/or updating such information and not for any other purposes, commercial or otherwise. This
presentation does not constitute or form part of any offer for sale or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither this
presentation nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. The information set
out herein is not and does not purport to be an appraisal or valuation of any of the securities, assets or businesses mentioned herein. You acknowledge that any
assessment of the Company that may be made by you will be independent of this document and that you will be solely responsible for your own assessment of the
market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential
future performance of the business of the Company.
This presentation contains “forward-looking” statements that relate to future events which are, by their nature, subject to significant risks and uncertainties. All
statements, other than statements of historical facts contained in this presentation, on the Company’s future financial position, strategy, plans, goals, and targets,
future developments are forward-looking statements. The future events referred to in these forward-looking statements involve known and unknown risks,
uncertainties and other factors, many of which are beyond our control, which may cause the actual results to be materially different from those expressed or implied
by the forward-looking statements. These forward-looking statements are based on numerous assumptions regarding our present and future business strategies
and the environment in which we operate and are not a guarantee of future performance. Any reference to past performance should not be taken as an indication
of future performance. The Company makes no representation, warranty or prediction that the results anticipated by such forward-looking statements will be
achieved, and such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or
standard scenario, nor any liability therefore (including direct, indirect or consequential loss or damage).
You agree to keep the contents of this presentation strictly confidential. This presentation material is highly confidential, is being presented solely for your
information and may not be copied, reproduced or redistributed to any other person in any manner. In particular, this presentation may not be taken or transmitted
into the United States, Canada, Indonesia or Japan or distributed, directly or indirectly, in the United States, Canada, Indonesia or Japan. The Company does not
intend to register any of its securities for offer or sale in the United States, or to conduct a public offering of securities in the United States.
Certain data in this presentation was obtained from various external data sources, and the Company has not verified such data with independent sources.
Accordingly, the Company makes no representations as to the accuracy or completeness of that data, and such data involves risks and uncertainties and is subject
to change based on various factors.
The information contained in this document is as of 30 September 2013. Neither the delivery of this document nor any further discussions of the Company with any
of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.
By attending the meeting where this presentation is made, or by reading these presentation slides, you agree to be bound by the foregoing limitations.
2
Pembaruan BORN
3
BORN
Dari sebuah konsesi greenfield di tahun 2008, BORN mengembangkan AKT
menjadi produsen coking coal terbesar dan terpenting di Indonesia
BORN adalah perusahaan induk, berkecimpung
dalam usaha pertambangan coking coal melalui
anak perusahaannya yaitu PT Asmin Koalindo Tuhup
(“AKT”)
Struktur Perseroan saat ini
PT Republik Energi & Metal
Masyarakat
AKT merupakan pemegang PKP2B generasi ketiga
yang memiliki hak-hak dan/atau kondisi-kondisi
khusus yang menguntungkan.
Borneo Mining Services (“BMS”) memiliki
peralatan pertambangan yang disewakan kepada
AKT
61%
39%
PT
BORN terdaftar di
November 2010
PT Borneo Lumbung Energi & Metal TBK
Bursa Efek Indonesia pada 26
99.9%
Menghasilkan lebih dari 12 juta ton hard coking coal
sejak tahun 2009 sampai dengan Juni 2013
Berhasil mengakuisisi 23,8% kepemilikan saham di
BUMI Plc pada 20 Januari 2012
(1)
Notes:
1 23.8% saham dipegang secara tidak langsung oleh dua usaha patungan dengan Bakrie Group
4
PT ASMIN
KOALINDO
TUHUP
(PKP2B)
99.9%
PT BORNEO
MINING
SERVICES
23.8%
BUMI Plc
Peningkatan Sumber Daya dan Cadangan
Potensi Sumber Daya dan Cadangan yang masih tinggi.
Peningkatan sumber daya
dan cadangan di kedua
blok, yakni Blok Kohong
dan Blok Telakon
Sertifikasi
JORC; total
sumber daya 317,8 juta
dan total cadangan 167,8
juta,
masih
dapat
mencukupi untuk produksi
sampai 33 tahun ke
depan, dengan asumsi
kapasitas poduksi 2012 di
level 5 juta ton per tahun
Masa
berlaku PKP2B
hingga tahun 2039.
Sumber Daya JORC per Oktober 2012
Cadangan JORC per Maret 2013
(mt)
Proved
Probable
Total
(mt)
Measured
Indicated
Inferred
Total
Kohong
53,0
84,0
137,0
Kohong
77,9
70,4
81,8
230,1
Telakon
4,0
26,8
30,8
Telakon
4,7
30,8
52,2
87,7
57,0
110,8
167,8
82,6
101,2
134,0
317,8
Total
5
Total
Ringkasan Posisi Keuangan
Dalam Jutaan Dolar AS
NERACA
LABA RUGI
2009
2010
2011
2012
Aset Lancar
32
348
970
753
Aset Tidak Lancar
451
587
719
1.309
Total Aset
483
934
1.688
2.062
Total Pinjaman Pihak Ketiga
329
32
410
1.319
Total Liabilitas
477
215
759
1.709
Total Ekuitas
6
719
929
353
Penjualan Bersih
22
303
693
646
EBITDA
9
147
360
221
Laba Usaha
6
103
289
132
-11
39
210
(570)
Pinjaman Bersih terhadap Ekuitas
54,8X
0,04X
0,06X
4,84X
EBITDA terhadap Pinjaman Bersih
0,02X
4,62X
5,81X
0,17X
Marjin EBITDA
41%
48%
52%
34%
Marjin laba usaha
27%
34%
42%
20%
Marjin laba bersih
-
12,5%
30,7%
N/A
Laba/(Rugi) Bersih
RASIO
6
Kinerja Operasional dan Keuangan
BORN mencapai tingkat produksi, pendapatan dan hasil usaha di industrinya
Pendapatan (FYE Dec)
Produksi (FYE Dec)
000 tonnes
US$’000
30%
(7%)
US$
US$ Million
Million
(1)
EBITDA (FYE Dec) (1)
US$’000
,6
%
% marjin
US$’000
1%
(17
(3
8
Laba Bersih (FYE Dec)
% marjin
)
)
Notes:
1 EBITDA dihitung dari laba operasi sebelum depresiasi dan amortisasi
7
Langkah selanjutnya
8
23,8% di Bumi Plc
PT Republik Energi & Metal
Masyarakat
61%
Bakrie Group
Lainnya
39%
PT Borneo Lumbung Energi & Metal TBK
99.9%
PT ASMIN
KOALINDO
TUHUP
(PKP2B)
99.9%
PT BORNEO
MINING
SERVICES
51%
49%
49%
BORNEO BUMI
51%
BUMI BORNEO
47.6%
42.4%
BUMI Plc
Pemisahan Bakrie Group (dan
BORN) di Bumi Plc
29.2%
84.7%
Berau
Divestasi strategis saham AKT
BUMI Resources
87%
(sampai dengan 20 %)
BUMI Resources Minerals
9
TANYA JAWAB
10
TERIMA KASIH
11