ADRO Adaro Energy Tbk.

[S]
COMPANY REPORT : JULY 2014

As of 25 July 2014

Main Board
Industry Sector : Mining (2)
Industry Sub Sector : Coal Mining (21)

Individual Index
:
Listed Shares
:
Market Capitalization :

107.727
31,985,962,000
37,903,364,970,000

26 | 37.9T | 0.75% | 63.09%

22 | 9.96T | 1.18% | 56.12%

COMPANY HISTORY
Established Date
: 28-Jul-2004
Listing Date
: 16-Jul-2008
Under Writer IPO :
PT Danatama Makmur
Securities Administration Bureau :
PT Ficomindo Buana Registrar
Mayapada Tower 10th Fl. Suite 02 B
Jln. Jend. Sudirman Kav. 28 Jakarta 12920
Phone : (021) 521-2316, 521-2317
Fax
: (021) 521-2320
BOARD OF COMMISSIONERS
1. Edwin Soeryadjaya
2. Palgunadi Tatit Setyawan *)
3. Raden Pardede *)
4. Subianto
5. Theodore Permadi Rachmat
*) Independent Commissioners
BOARD OF DIRECTORS
1. Garibaldi Thohir
2. Chia Ah Hoo
3. Christian Ariano Rachmat
4. David Tendian
5. Julius Aslan
6. M. Syah Indra Aman
7. Sandiaga S. Uno
8. Siswanto Prawiroatmodjo
AUDIT COMMITTEE
1. Palgunadi Tatit Setyawan
2. Irwandy Arif
3. Mamat Ma'mun
CORPORATE SECRETARY
Mahardika Putranto
HEAD OFFICE
Menara Karya 23rd Fl.
Jln. H.R. Rasuna Said, Blok X-5, Kav. 1 - 2
Jakarta - 12950
Phone : (021) 521-1265, 255-33040
Fax
: (021) 579-44687, 579-44648
Homepage
Email

: www.adaro.com
: corsec@ptadaro.com
devindra.ratzarwin@ptadaro.com

SHAREHOLDERS (July 2014)

1. Garibaldi Thohir
2. PT Adaro Strategic Investments
3. Public (<5%)

1,976,632,654 :
14,045,425,500 :
15,963,903,846 :

DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year
2008
2009
2009
2010
2010
2011
2011
2012
2012
2012
2013
2013

Shares

Dividend
11.80
12.00
17.00
9.85
20.50
USD 0.00235
USD 0.00575

USD 0.0013
USD 0.0011
USD 0.00126
USD 0.00125

USD 0.0011

Cum Date
25-Aug-09
11-Dec-09
02-Jun-10
26-Nov-10
27-May-11
28-Nov-11
29-May-12
29-May-12
26-Dec-12
29-May-13
24-Dec-13
26-May-14

Ex Date
26-Aug-09
14-Dec-09
03-Jun-10
29-Nov-10
30-May-11
29-Nov-11
30-May-12
30-May-12
27-Dec-12
30-May-13
27-Dec-13
28-May-14

Recording
Date
28-Aug-09
16-Dec-09
07-Jun-10
01-Dec-10
01-Jun-11
01-Dec-11
01-Jun-12
01-Jun-12
02-Jan-13
03-Jun-13
02-Jan-14
02-Jun-14

6.18%
43.91%
49.91%

Payment
Date
11-Sep-09
30-Dec-09
18-Jun-10
10-Dec-10
09-Jun-11
09-Dec-11
12-Jun-12
12-Jun-12
15-Jan-13
12-Jun-13
16-Jan-14
12-Jun-14

F/I
F
I
F
I
F
I
F
I
I
F
I
F

ISSUED HISTORY
No. Type of Listing
1. First Issue
2. Company Listing

Shares
11,139,331,000
20,846,631,000

Listing
Date
16-Jul-08
16-Jul-08

Trading
Date
16-Jul-08
16-Apr-09

ADRO Adaro Energy Tbk. [S]

Closing
Price*

Closing Price
Volume
(Mill. Sh)

3,000

400

2,625

350

2,250

300

1,875

250

1,500

200

1,125

150

750

100

375

50

Jan-10

Jan-11

Jan-12

Jan-13

Jan-14

Closing Price*, Jakarta Composite Index (IHSG) and

Mining Index
January 2010 - July 2014

Freq.

Volume

Value

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Adaro Energy Tbk. [S]
January 2010 - July 2014

Month
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

High
2,075
1,960
1,980
2,250
2,175
2,100
2,100
2,150
2,150
2,300
2,500
2,650

Low
1,730
1,760
1,820
1,970
1,700
1,820
1,940
1,880
1,760
2,000
2,100
2,250

Close
1,890
1,830
1,960
2,200
2,000
1,990
2,000
1,900
2,025
2,100
2,325
2,550

(X)
61,583
62,241
53,408
47,066
62,496
46,897
22,120
33,954
63,258
27,439
23,353
19,294

Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11

2,900
2,500
2,475
2,350
2,475
2,500
2,700
2,700
2,125
2,150
2,150
2,025

2,225
2,250
2,175
2,200
2,200
2,250
2,450
1,990
1,430
1,500
1,830
1,730

2,250
2,450
2,200
2,200
2,450
2,450
2,650
2,025
1,720
2,025
1,910
1,770

43,230
28,318
46,772
37,572
48,050
19,872
20,831
44,376
63,571
63,762
41,895
41,384

1,713,532
1,202,450
1,404,886
1,105,133
1,735,498
834,507
1,032,290
1,384,272
1,819,818
1,830,149
1,180,537
1,070,469

4,350,610
2,872,429
3,245,738
2,502,053
4,063,096
2,009,815
2,644,882
3,166,937
3,335,150
3,396,335
2,322,064
1,977,409

21
18
23
20
21
20
21
19
20
21
22
21

Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12

1,860
2,025
1,980
1,970
1,880
1,490
1,630
1,610
1,610
1,490
1,430
1,610

1,750
1,790
1,870
1,770
1,460
1,180
1,320
1,330
1,350
1,340
1,320
1,320

1,830
1,920
1,930
1,860
1,470
1,450
1,460
1,370
1,500
1,370
1,340
1,590

36,837
42,144
33,313
31,778
31,426
48,253
39,070
25,007
26,552
25,135
23,953
28,273

999,140
1,294,177
1,076,242
801,403
824,427
1,628,248
896,114
589,119
550,208
973,400
651,960
1,065,599

1,807,345
2,500,859
2,056,482
1,481,681
1,400,499
2,145,363
1,301,281
876,431
825,189
1,379,202
899,730
1,578,648

21
21
21
20
21
21
22
19
20
22
20
18

Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13

1,770
1,680
1,580
1,370
1,240
930
860
940
1,030
1,130
1,240
1,250

1,590
1,550
1,250
1,190
920
750
670
640
870
890
1,010
1,040

1,650
1,570
1,310
1,230
930
860
700
930
900
1,020
1,130
1,090

35,702
29,234
34,568
28,764
40,369
46,114
38,801
42,185
45,303
42,712
49,717
35,467

693,704
578,305
1,179,303
699,841
1,088,707
1,004,249
1,288,624
1,653,523
1,566,310
1,230,844
1,820,926
1,059,797

1,175,414
922,195
1,701,990
898,296
1,179,144
849,300
930,027
1,307,578
1,494,923
1,250,459
2,085,692
1,223,837

21
20
19
22
22
19
23
17
21
21
20
19

Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14

1,110
995
1,040
1,205
1,320
1,340
1,210

870
880
945
930
1,100
1,130
1,080

950
995
980
1,185
1,225
1,175
1,185

67,166
52,885
59,759
55,961
60,224
59,842
58,308

1,717,526
1,197,188
1,369,759
1,295,481
1,439,612
1,173,729
1,079,081

1,651,052
1,126,593
1,357,397
1,355,337
1,768,558
1,460,502
1,241,003

20
20
20
20
18
21
18

(Thou. Sh.) (Million Rp)

2,799,639 5,331,665
2,100,343 3,875,968
2,193,373 4,134,081
2,289,030 4,885,796
2,256,118 4,396,708
1,804,252 3,538,083
1,301,338 2,636,195
1,342,163 2,723,121
2,156,620 4,227,054
1,524,272 3,226,243
1,733,585 4,064,785
1,414,180 3,587,072

20
19
22
21
19
22
22
21
17
21
21
20

125%
100%

97.6%

75%
50%
25%
-25%

-32.3%
-33.0%

-50%
-75%

Jan 10

Jan 11

Jan 12

Jan 13

Jan 14

SHARES TRADED

2010

2011

2012

2013

Jul-14

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

22,915
46,627
523
245

16,314
35,887
500
247

11,350
18,253
392
246

13,864
15,019
469
244

9,272
9,960
414
137

2,650
1,700
2,550
2,550

2,900
1,430
1,770
1,770

2,025
1,180
1,590
1,590

1,770
640
1,090
1,090

1,340
870
1,185
1,185

11.16
16.17
2.56

13.78
8.49
1.76

12.26
19.30
0.96

9.43
4.45
0.96

Price (Rupiah)
High
Low
Close
Close*

36.95
PER (X)
17.69
PER Industry (X)
4.39
PBV (X)
* Adjusted price after corporate action

ADRO Adaro Energy Tbk. [S]

Financial Data and Ratios

Book End : December

Public Accountant : Tanudiredja, Wibisana & Rekan (Member of PricewaterhouseCoopers Global Network)
Dec-10

Dec-11

Dec-12

Cash & Cash Equivalents

5,459,971

5,067,851

4,838,559

Receivables

2,504,335

4,396,801

4,692,058

3,822,657

4,536,383

Inventories

288,732

475,345

623,589

1,260,706

1,281,557

BALANCE SHEET

Dec-13

Jun-14

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

(Million Rp except Par Value)

Current Assets
Fixed Assets
Other Assets
Total Assets

Assets

Liabilities

87,500
70,000

10,200,290 11,765,957 13,672,171 16,820,685 19,210,772

8,810,252 12,988,087 17,106,385 20,930,154 20,241,793
72,947

125,873

96,226

248,811

266,418

40,600,921 51,315,458 64,714,116 82,623,566 82,622,270

Growth (%)
Current Liabilities

8,354,692 11,227,173

5,793,531

35,000

26.39%

26.11%

27.67%

-0.002%

17,500

7,065,795

8,695,486

9,493,041

9,749,780

Long Term Liabilities

16,176,838 22,103,586 27,056,457 33,927,838 33,242,018

Total Liabilities

21,970,369 29,169,380 35,751,943 43,420,880 42,991,798

Growth (%)

52,500

32.77%

22.57%

21.45%

-0.99%

2010

2011

2012

2013

Jun-14

TOTAL EQUITY (Bill. Rp)

Authorized Capital

8,000,000

8,000,000

8,000,000

8,000,000

8,000,000

Paid up Capital

3,198,596

3,198,596

3,198,596

3,198,596

3,198,596

31,986

31,986

31,986

31,986

31,986

100

100

100

100

100

Paid up Capital (Shares)

Par Value
Retained Earnings

5,376,617

39,203

39,630

2013

Jun-14

39,630

28,962

31,546

8,542,056 10,314,612 14,940,038 15,912,965

22,146
23,461

Total Equity

Growth (%)
INCOME STATEMENTS
Total Revenues

Dec-10

Gross Profit

19.22%

30.78%

35.36%

1.09%

Dec-11

Dec-12

Dec-13

Jun-14

46.45%

-0.45%

11.98%

2010

2011

2012

16,957,291 23,205,121 25,914,314 31,238,880 15,086,649

7,732,042 12,952,668 10,082,155
957,764

9,069,812

5,178,543

1,994,321

2,514,135

856,609

6,774,278 11,639,422

8,087,833

6,555,677

4,321,934

71.82%

-30.51%

-18.94%

-1,724,360

-2,547,745

-1,186,122

-1,411,062

-664,028

Income before Tax

5,049,918

9,091,677

6,901,711

5,144,615

3,657,906

Tax

2,668,668

4,085,207

3,195,132

2,331,558

1,602,003

Profit for the period

2,216,273

5,006,470

3,706,579

2,813,057

2,055,903

125.90%

-25.96%

-24.11%

Operating Profit

7,292

-793

1,313,246

Expenses (Income)

15,377

24,689,333 36,157,789 35,996,469 40,308,692 20,265,193

Growth (%)
Cost of Revenues

18,576

18,576,441 22,146,078 28,962,172 39,202,687 39,630,472

TOTAL REVENUES (Bill. Rp)

40,309
36,158

40,309

Growth (%)

35,996

32,086

Other Income (Expenses)

Growth (%)

24,689
20,265

23,863

15,640

7,417

Period Attributable

2,219,020

4,990,610

3,726,305

2,837,204

2,009,631

Comprehensive Income

2,220,879

5,073,546

3,691,474

2,765,793

2,067,848

Comprehensive Attributable

2,223,240

5,057,940

3,711,201

2,774,247

2,049,691

Dec-10

Dec-11

Dec-12

Dec-13

Jun-14

176.06

166.52

157.23

177.19

197.04

30.35

EPS (Rp)

69.37

156.03

116.50

88.70

62.83

BV (Rp)

580.77

692.37

905.47

1,225.62

1,239.00

DAR (X)

0.54

0.57

0.55

0.53

0.52

DER(X)

1.18

1.32

1.23

1.11

1.08

ROA (%)

5.46

9.76

5.73

3.40

2.49

ROE (%)

11.93

22.61

12.80

7.18

5.19

GPM (%)

31.32

35.82

28.01

22.50

25.55

OPM (%)

27.44

32.19

22.47

16.26

21.33

NPM (%)

8.98

13.85

10.30

6.98

10.14

43.75

1.19

RATIOS
Current Ratio (%)
Dividend (Rp)

-806

2010

2011

2012

2013

Jun-14

PROFIT FOR THE PERIOD (Bill. Rp)

5,006
5,006

3,707

3,985

2,813
2,964

Payout Ratio (%)

Yield (%)

2,216

2,056

1,943

921

-100

2010

2011

2012

2013

Jun-14