www.ptba.co.

id
Reuters: PTBA.JK

Bloomberg: PTBA IJ

Exchange: JKT

Ticker: PTBA

Table of Contents
1.
2.
3.
4.
5.

Introduction
Operating Review
Commercial Review
Financial Review
Development Projects
Appendices

Introduction

Companys Key Milestones

Indonesias Oldest and Most Experienced Coal Producer

During the Dutch colonial

period, the first open-pit
at Airlaya mine, in
Tanjung Enim, South
Sumatera started
operating.

PN TABA was converted

into a limited corporation
and its name changed to
PT Tambang Batubara
Bukit Asam (PTBA). This
date is officially
considered as the base of
the commemoration of
the companys
anniversary.

PTBA was publicly listed

on the Jakarta Stock
Exchange with 35% of
shares held by the public.
It traded with the initial
stock price of IDR575
under the code PTBA.

2 Mar 1981

23 Dec 2002

1919

1990

1950

1876

Another state owned coal

company, Perusahaan
Umum Tambang
batubara merged with
PT Bukit Asam (PTBA).
Since then, PTBA become
the only state owned coal
mining in Indonesia.

The company changed

into an Indonesian state
owned company which
was called PN Tambang
Arang Bukit Asam
(TABA). PN is
abbreviation of
Perusahaan Negara,
means State Company.

Coal Mine in Ombilin,

West Sumatera, started
in operation.

2015
Subsidiaries:

Coal
Business

Coal Trading

Power
Generation

Logistic

CBM Gas

Investment

During the period 1991-1995,

on the behalf of the Indonesian
government, PTBA acted as the
domestic coal regulator for Coal
Contract of Works (CCoW).

Operating Review
FY14(A)
a

Performance Highlights
1Q15(A)
b

2Q15(A)
c

3Q15(E)
d

9M14(A)
e

9M15(A)
f

YoY(A)
f/e

SALES VOLUME (MT)

18.0

4.58

4.45

5.31

13.24

14.35

PRODUCTION (MT)

16.4

3.26

5.06

5.76

12.47

14.08 +13%

1.8

0.44

0.38

0.35

1.40

1.17

-16%

RAILWAY CAPACITY (MT)

14.8

3.59

3.88

4.47

11.00

11.94

+9%

REVENUES (IDR TN)

13.1

3.28

3.23

3.99

9.65

10.50

+9%

NET PROFIT (IDR TN)

2.02

0.34

0.45

0.71

1.58

1.50

-5%

STRIP RATIO (.x)

4.6x

5.59x

4.49x

4.13x

4.5x

4.6x

+2%

TRADING/PURCHASE (MT)

Net Profit (IDR Trillion)

3.08
2.70

Revenue (IDR Trillion)

2.90
10.6

14.8
2.01

2009

18.9

Railway Capacity (Mn ton)

2010

1.80

2011

2012

2013

2.02

2014

10.5

10.8 11.5

2009

2010

2011

11.9

2012

9.0

12.8

2013

2014

2015F

2009

11.6

11.2

2012

2013

+8%

13,1

7.9

2010

2011

2014

Operating Review

Current Operations

Mining Business License (IUP)

Tanjung Enim Mine

Total Resources

66,414 Ha

Ombilin Mine

2,950 Ha

Peranap Mine

18,230 Ha

IPC Mine

Total Mineable Reserves 1.99 billion tons

PERANAP MINE
Recources : 0.79 billion tons
Mineable : 0.37 billion tons

3,238 Ha
Total

7.29 billion tons

90,832 Ha
OMBILIN MINE
Resources : 0.10 billion tons
Mineable : 0.02 billion tons

Samarinda

Pekan Baru
TELUK BAYUR PORT
Stockpile
: 90,000 tons
Throughput : 2.5 M tpa
Vessel
: 40,000 DWT
KERTAPATI PORT
Stockpile
: 50.000 tons
Throughput : 2.5 M tpa
Barging
: 8,000 DWT

Padang

Peranap

Teluk Bayur
Ombilin

TANJUNG ENIM MINE

Resources
: 6.36 billion tons
Mineable
: 1.59 billion tons
Installed Cap. : 20 M tpa

Palembang Kertapati

Tanjung Enim

IPC MINE
Resources : 0.045 billion tons
Mineable : 0.01 billion tons

Lampung
Tarahan
Jakarta

TARAHAN PORT
Stockpile
: 860,000 tons
Throughput : 13 M tpa
Vessel
: 210,000 DWT
PTBA core operations

Operating Review
Coal Resources
Total: 7.29 bn tons

Coal Mineable Reserves

Total: 1.99 bn tons

Bituminous;
2,7%

Bituminous; 3,0%

Lignite; 34,2%

Lignite;
48,2%

Sub-bituminous;
49,1%

Sub-bituminous; 62,8%

Parameter
TM (% ar)
CV (KCal/Kg adb)
(KCal/Kg ar)

BITUMINOUS

SUB BITUMINOUS

LIGNITE

< 18

18 -30

> 35

> 6,400

4,900 6,400

< 4,900

5,800 7,950

4,400 5,800

< 4,400

Commercial Review

Source: JP Morgan Update Coal August 2015

Global Coal Review

Commercial Review
Indonesian Domestic Demand Vs Exports (Mt)

Domestic
Coal
Review
Primary Energy Mix (%)

Source: Wood Mackenzie Coal Market Service, 2015

Source: Agency For The Assessment And Application Of Technology, Dec 2014

Coal Demand (PLN + IPP)

Source : PLN, 2015

Fuel Mix 2005-2021 : For Power Generation

Source : PLN, 2014

Financial Review

Costs & Prices

Total Cash Cost (FOB)

9M15 Total Cost Breakdown

FY14(A)

9M14(A)

9M15(A)

YoY

Ex Royalty (IDR)

585,075

584,281

516,664

-12%

Total

630,293

630,544

563,012

-11%

Tanjung Enim
System *)

(IDR)

*) Note: Total cash cost include COGS,G&A, Selling Expenses, Inventory

Weighted Average Strip Ratio (.x)

6
5
4
3
2
1
0
6,00
5,00
4,00
3,00
2,00
1,00
-

4,2

4,0

2011

2012

5,59

4,49

4,4

4,6

2013

2014

4,13

4,60

4,50

Sales Expense
Environmental
1%
1%
Adm &
Gen
Depreciation &
Expense Others
2%
Amortization
4%
2%
Material &
Supplies
1%

Salaries &
Wages
Heavy
12%
Fuel
Equipment
1%
4%
Electricity
0%

Royalty
8%
Railway Service
29%

Mining Service
33%

Average Selling Price (ASP)

FY14(A)

9M14(A)

9M15(A)

YoY

Weighted ASP (IDR/Ton)

723,635

728,079

712,099

-2%

Export (USD/Ton)

68.97

71.11

60.81

-14%

Domestic (IDR/Ton)

688,644

671,426

654,192

-2%

Coal
Purchase
2%

Financial Review

Coal Brand & Sales Breakdown

Coal Type by Quality

Coal Brand
IPC 53
BA 55
BA 59
BA 61
BA 63
BA 67
BA 70 LS
BA 70 HS
BA 76

CV
TM
IM
Ash VM
FC TS max
Kcal/Kg,adb Kcal/Kg,ar %,ar %,adb %,adb %,adb %,adb %,adb
5,300
34
15
8
39
40
0.5
5,500
4,550
30
15
8
39
38
0.8
5,900
5,000
28
14
6
39
40
0.6
6,100
5,000
28
12
7
41
40
0.8
6,300
5,550
21
10
6
41
43
0.8
6,700
6,100
16
8
6
42
44
0.8
7,000
6,450
14
7
4
42
47
0.7
7,000
6,450
14
7
4
42
47
1.2
7,600
7,400
5
2
8
14
76
1.2

9M15 Sales Breakdown by Quality

BA59
100%
80%

BA63

BA67

2%
2%

32%
3%

60%

BA70

HGI

9M15 Sales Breakdown by Country

50
50
50
55
55
55
55
-

Taiwan
24%

Domestic
52%

17%
1%
23%

Malaysia
6%
India
5%
Philippines

96%

40%
59%

1%

20%
21%

Bangladesh
1%

0%
Domestic
Total: 7.46 Mt

Export
Total: 6.88 Mt

Total
Total: 14.34 Mt

Japan
9%

Cambodia
Thailand
0%
Pakistan Srilanka Vietnam
0%
1%
1%
0%

Financial Review
Gross Profit Margin

Financial Ratios

Operating Profit Margin

Net Profit Margin

32%

28%

19%

17%

16%

14%

9M14(A)

9M15(A)

9M14(A)

9M15(A)

9M14(A)

9M15(A)

54
50
46

44
40
35

31

31

31

29

30

29
25

19

7%

-8%

4%

-6%

-13%

2009

2010

2011

2012

2013

2014

25

18

8%

-11%

6%

-4%

-12%

-1%

2009

2010

2011

2012

2013

2014

6%

2009

16

15

-5%

4%

-4%

-9%

-1%

2010

2011

2012

2013

2014

Financial Review
PTBA Vs Global & Local Peers
31.3
22,68

13.6

YZC US

ACI US

BYAN IJ

BTU US

SCC PM

COAL IN

1088 HK

ITMG IJ

HRUM IJ

ADRO IJ

GLEN LN

RIO AU

BHP AU

BUMI IJ

19.4
10.6

PTBA IJ

-3.8

GPM

OPM

NPM

YZC
:Yanzhou Coal Mining
GLEN LN: Glencore PLC.(London)
ACI
: Arch Coal Inc. USA (NYSE)
SCC PM: Semirara Mining and Power co PHP
COAL IN : Coal India Ltd INR
1080 HK: China Shenhua Energy CO-H
ADRO : PT Adaro Energi IDX
HRUM : PT Harum Energi IDX
BRAU : PT Berau coal IDX
ITMG : PT Indo Tambangraya Megah IDX
BTU
: Peabody Energy Corp. USA (NYSE) PTBA : PT Bukit Asam IDX
BYAN : PT Bayan Resources IDX
RIO AU : Rio Tinto LTD. ( Australia)
BHP AU : Billiton LTD (Australia)

Source: Bloomberg, 30 NOV 2015

Financial Review

Summary Financial Performance

(IDR Tn) FY14(A) 9M14(A) 9M15(A) YoY
Sales 13.077
9.656 10.501
+9%
COGS
9.056
6.589
7.538
+14%

EBITDA
Net Income

2.870
2.016

2.241
1.582

2.352
1.505

Assets
Cash

14.812
4.039

14.049
4.436

16.158
4.119

Net Profit Margin (NPM)

Return On Asset (ROA)
Return On Equity (ROE)

15%
14%
23%

16%
11%
19%

14%
9%
16%

Return On Investment (ROI)

21%

18%

16%

+5%
-5%
+15%
-7%
-2%
-2%
-3%
-2%

Distribution Infrastructures Development

Double Tracks
Single Track with Crossing Sections

Kertapati
Barging Port

Tanjung Enim Mine with

the installed production
capacity of 25 Mtpa

Tanjung Enim
Muara Enim

Lahat

Railway (Upgraded)
- Capacity
: up to 22.7 M tpa
- TE Kertapati : 160.9 Km
- TE Tarahan : 409.5 Km
- Expect. COD
: 2015

Baturaja

Railway Project (New) - BATR

- Capacity
: 25.0 M tpa
- Distance
: 280 Km
- Expect. COD : 2019

Tarahan Port Expansion

- Capacity: From 13.0 to 25.0 Mtpa
- Expect. COD : April 2015

Prabumulih

(The proposed
railway)

Tarahan Port is the largest

Coal Terminal on Sumatera since it can
accomodate Capesize bulkcarrier
vessels of upto 210,000DWT. It is fully
owned and operated by PTBA

(The proposed
port)

Tarahan
Coal Terminal

Power Plants Development

800-1200MW Power Plant
- Location
: Peranap Riau
- Coal Cons.
: 8.4 M tpa
- COD
: 2020

3x600MW Sumsel 9&10 PP

- Location
: Muara Enim
- Coal Cons.
: 8.4 M tpa
- COD
: 2019

2x620MW Power Plant

- Location
: Central Banko
- Coal Cons. : 5.4 M tpa
- COD
: 2019

2x110MW Power Plant

- Location
: Banjarsari
- Coal Cons.
: 1.4 M tpa
- COD
: 2Q 2015

3x10MW Power Plant

- Usage : Internal Mine Sites
- Coal Cons. : 0.15 M tpa
- In Operation since Oct 2012

2x8MW Power Plant

- Usage : Internal Port Sites
- Coal Cons. : 0.10 M tpa
- In Operation since Dec 2013

Peranap
Riau

Palembang
Tanjung Enim

4x65MW Power Plant

- Location
: Tanjung Enim
- Coal Cons. : 1.4 M tpa
- In Operation since 1987

Tarahan

Tender/Cooperation Process
Projects in Operation

Development Projects
Production Infrastrucures & CBM
P

Project

Status

Upgraded Existing
Railway Line

Tanjung Enim Tarahan Port (410km), TE Kertapati Port (161km)

100% owned & operated by State Railway Company, PT KAI
Capacity of 22.7Mtpa (2015 2029)
Currently, PT KAI is operating about 2.944 Wagons and 106 Locomotives, including 600
new wagons and 5 new locomotives that arrived in 2014.

BATR Newly
Developed Railway
(Bukit Asam
Transpacific Railway)

Tanjung Enim New Coal Terminal in Lampung (280km)

PTBA (10%), Rajawali Asia Resources (80%), China Railway EC (10%)
Investment of USD2 Bn, EPC Contract of USD1.3 Bn
18 Nov 2011, Frame Work Agreement funding with China Bank Consortium was signed.
Currently in finalization for mining JV Restructuring
Project will reach its peak capacity of 25 Mtpa in 4 years

Tarahan Port Expansion

Located at the southern tip of Sumatera Island

Newly developed infrastructures for RCD3 & RCD4, Jetty #2 & Shiploader, Additional
stockpile of 2x150,000Mt, and Office.
Commissioning In June 2015, in operation with the new Jetty #2 is able to accomodate
the giant Capesize bulkcarrier vessels of upto 210,000DWT.
It is the largest coal terminal in Indonesia
Investment of about USD230 mn

Coal Bed Methane

(CBM)

Located in Tanjung Enim Mine

Cost Recovery Project between PTBA (27.5%), Pertamina (27.5%), Dart Energy Australia
(45%)
40 MMSCF (Million Standard Cubic Feet per Day, with potential reserve of 0.8 Trillion
Cubic Feet (TCF)
Investment of USD14.48 Mn (for the first three years)

Development Projects

Power Plants

The Plant

Status

2x110MW Banjarsari Power

Plant

PTBA (59.75%), PJB (29.15%), NII (11.10%)

Investment of USD350 Mn
Coal Consumption: 1.4 M tpa
In operation since June 2015

2x620MW Banko Tengah

(Sumsel 8) Power Plant

PTBA (45%), China Huadian Hong Kong Company Ltd (55%)

Investment of USD1.6 Bn
Coal Consumption: 5.4 M tpa
Facility Loan Agreement of US$1.2 Bn has been signed with Cexim in March 2015
Financial Closing to be finalised in 2H15
Groundbreaking to start at the beginning of 2016
Commercial Operating Date scheduled in 2019

800-1200MW Peranap Power

Plant

PTBA (Majority in Mining), PLN (Majority in Power Plant), TNB (Majority in

Transmission)
Investment of USD2.4 Bn
Coal Consumption: up to 8.4 M tpa
Currently in the process of preparation for the FS of power plant & transmission
Commercial Operating Date: 2020

3x10MW Power Plant for the

internal use

Located at Tanjung Enim Mine

Investment of USD37 Mn
Coal consumption: 0.15 Mtpa
In operation since October 2012

2x8MW Power Plant for the

internal use

Located at Tarahan Port

Investment of USD21 Mn
Coal consumption: 0.10 Mtpa
In operation since December 2013

Long Term Domestic Commitment

Supporting National Energy Policy
Having A Total Long Term Coal Supply with:
o National Power Company\PLN (2010 2030)
o Indonesia Power (2013 2022)
o Huadian Bukit Asam Power\Power Plant (25 Years)
o Bukit Pembangkit Innovative\Power Plant (30 Years)
o Indonesia Fertilizer (30 Years)
o Cilacap Power Plant (4 Years)

Committed Volume

Total

Supporting Power Plants Projects Development for:

o 3x10MW Power Plant, Muara Enim (In Operation)
o 2x8MW Power Plant, Lampung (In Operation)
o 2x110MW Banjarsari Power Plant (In Operation)
o 2x610MW Banko Tengah Power Plant (In Progress)
o 800 1200MW Peranap (In Process)
o 1800MW Sumsel 9-10 Power Plants (In Bidding Process)

:
:
:
:
:
:
:

262 Mt
52 Mt
150 Mt
36 Mt
69 Mt
5 Mt
574 Mt

Coal Consumption

:
:
:
:
:
:

0.15 Mtpa
0.10 Mtpa
1.40 Mtpa
5.40 Mtpa
8.40 Mtpa
8.10 Mtpa

Appendix

Tarahan Coal Terminal

Coverage: 43 Ha
Throughput: 25 Mtpa
Capacity of Berths:
Shiploader#2 210,000DWT
Shiploader#1
80,000DWT
Bargeloader
10,000DWT
Supporting Facilities:
Total Stockpiles: 0.9 Million ton
2x8MW Coal Fired Power Plant
Train Unloading System with 4 (Four) RCDs (Rotary Car Dumper)
10,000DWT Barge Unloading
Certified by ISPS Code

Appendix

The Subsidiaries:

PTBA operates a fully integrated

large coal mining in Tanjung Enim
( South Sumatera), Ombilin (West
Sumatera), Peranap (Riau), and
East Kalimantan with Total
Resources & Reserves are 7.29
billion tons and 1.99 billion tons
respectively

Bukit Kendi (75%),

coal mining, South
Sumatera
International Prima
Coal (51%), East
Kalimantan
Bukit Asam Banko
(65%), South
Sumatera

Bukit Asam Prima

(99.99%)

Bukit Prima
Bahari
Pelabuhan
Bukit Prima
Anthrakas

Internasional
Prima Cemerlang

Panajam
Internasional
Terminal

PTBA Structure
PTBA

Bukit Pembangkit
Innovative (59.75%)
Huadian Bukit Asam
Power (45%)

The Indonesian
Government owns
65% of Total
Shares

Bukit Asam
Transpacific Railway
(10%)

Bukit Asam Metana

Enim (99.99%)
Bukit Asam Metana
Ombilin (99.99%)
Bukit Asam Metana
Peranap (99.99%)

Bukit Multi
Investama
(99,86%)

Bumi
Sawindo
Permai
Satria
Bahana
Sarana
Bukit Asam
Medika

Tabalong Prima Resources

Mitra Hasrat Bersama

Bukit
Energi
Service
Terpadu

Appendix
Shareholders Information

The Top Forty Four Shareholders of PTBA

as of 30 November 2015
NO

Shareholder
1 NEGARA REPUBLIK INDONESIA

Number

1.498.087.500

65,02

181.271.500

7,87

3 BPJS KETENAGAKERJAAN-JHT

53.376.000

2,32

4 PT TASPEN (PERSERO) - THT

35.516.000

1,54

5 PEMERINTAH PROPINSI SUMATERA SELATAN

21.315.000

0,93

6 BBH BOSTON S/A VANGRD EMG MKTS STK INFD

14.399.625

0,62

7 BNYM SA/NV AS CUST OF PEOPLE'S BANK OF C

11.821.800

0,51

8 BPJS KETENAGAKERJAAN - JKK

10.888.000

0,47

2 TAMBANG BATU BARA BUKIT ASAM (PERSERO),

9 DEUTSCHE BK AG LONDON-2018304002

Treasury Stock;
7,87%

Domestic;
14,68%
Foreign;
12,43%

9.446.188

0,41

10 PAMAPERSADA NUSANTARA, PT

9.000.000

0,39

11 BPJS KETENAGAKERJAAN - BPJS

8.529.900

0,37

12 JPMCB-VANGUARD TOTAL INTERNTNL STOCK IND

7.860.500

0,34

13 PEMERINTAH DAERAH KABUPATEN MUARA ENIM

6.946.000

0,30

14 BBH LUXEMBOURG S/A FIDELITY FD, SICAV-IN

6.793.500

0,29

15 REKSA DANA SCHRODER DANA PRESTASI DINAMI

6.132.300

0,27

16 CITIBANK NEW YORK S/A EMERGING MARKETS C

5.825.000

0,25

17 PT AIA FINL - UL EQUITY

5.810.600

0,25

18 GIC S/A GOVERNMENT OF SINGAPORE

5.810.014

0,25

19 ASURANSI JIWA MANULIFE INDONESIA, PT-494

5.486.300

0,24

20 SSB 1BA9 ACF MSCI EQUITY INDEX FUND B-IN

5.443.200

0,24

21 SSB WTAU S/A WISDOMTREE EMERGING MRKTS S

5.319.000

0,23

22 JPMCB-STICHTING DEPOSITARY APG EME MRKT

4.844.600

0,21

23 SSB OBIH S/A ISHARES MSCI EMERGING MARKE

4.472.700

0,19

24 REKSA DANA BNP PARIBAS INFRASTRUKTUR PLU

4.145.700

0,18

25 HSBC BK PLC RE TRANG FUND MANAGER S/A AB

3.792.695

0,16

26 CITIBANK LONDON S/A STICHTING PGGM DEPOS

3.779.700

0,16

70%

27 REKSA DANA MANDIRI SAHAM ATRAKTIF

3.432.500

0,15

60%

28 BPJS KETENAGAKERJAAN - JK

3.372.100

0,15

29 HSBC BK PLC RE AGUS FUND MANAGER S/A ABU

3.279.734

0,14

30 SSB OD66 S/A BLACKROCK INSTITUTIONAL TRU

3.163.700

0,14

40%

31 J.P.MORGAN BANK(IRELAND) RE J.P.MORGAN I

3.147.170

0,14

30%

32 PT ASURANSI JIWA SEQUIS LIFE

3.090.000

0,13

33 SSL 2GLH S/A ST. JAMES'S PLACE GLB EQ UN

3.057.100

0,13

20%

34 SSB 0BQM S/A ISHARES MSCI EMG MARKETS MI

3.043.800

0,13

10%

35 CITIBANK LONDON S/A L&G ASSURANCE (PENS

2.879.602

0,12

36 SSB FA20 S/A PARAMETRIC EMERGING MARKETS

2.672.800

0,12

0%

37 REKSA DANA PANIN DANA MAKSIMA 91033.40.0

2.582.200

0,11

38 BBH BOSTON S/A GMO EMERGING MARKETS FUND

2.580.380

0,11

39 BNYM LUX S/A EASTSPRING INVESTMENTS-2040

2.549.900

0,11

40 BANQUE DE LUXEMBOURG - CLIENT ACCOUNT

2.549.300

0,11

Source: Datindo, 03 December 2015

Note: Total outstanding shares of 2,304,131,850

50%

Government
; 65,02%

60%

60%
50%

45%

1000

55%

800

803,56

35%

533,4

400

Dividend Payout Ratio

Dividend per share (IDR)
2009

600

720,75
523,12

371,05

2008

55%

2010

2011

2012

461,97 324,57

200
0

2013

2014

Appendix
Index Movement Nov10 Nov15

Production Vs Sales 2002 - 2014

17,8 18,0
16,4

Sales

15,3

Production

10,0
9,5
9,9 9,6 9,9
9,8
9,5
9,5
9,2
9,1

15,1

13,4
13,9
12,9
12,9
12,7 12,4
12,5
11,6
10,8
10,8

6000

27500

5500

25000

5000

22500

4500

20000

4000

17500

3500

15000

3000
9,2

12500

2500

10000

2000

7500

1500
1000
500

2002200320042005200620072008200920102011201220132014

JCI/IHSG

PTBA

2500

0
04/11/2010

Revenues Vs Net Income 2002 - 2014

5000

Jakmine

0
04/11/2011

04/11/2012

04/11/2013

04/11/2014

04/11/2015

Coal Price Indices Nov10 Nov15 (USD/t)

195,00

13,10
11,59
10,58

Revenues

Net Income

11,20

165,00
150,00
135,00

8,94

120,00

7,90

7,21

180,00

105,00
90,00

2,61
2,16 2,28

2,99

3,53

75,00

4,12
2,72
1,70

3,08 2,90
2,00

60,00
1,82 2,02

0,72
0,17 0,21 0,41 0,46 0,48

45,00
30,00

Indeks NEX

Indeks JPU

Indeks HBA

15,00

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

4-Nov-10

4-Nov-11

4-Nov-12

4-Nov-13

4-Nov-14

4-Nov-15

Appendix
Projected Coal Production 2015 2024 (Mt)
100
95
90
85
80
75
70
65
60
55
50
45
40
35
30
25
20
15
10
5
0

In Million Ton

2015

2016

Current TE System

2017
Central Banko A

2018

2019

Central Banko B

2020

Acquisition Mines

2021

2022

Acquisition/TE System

2023
Peranap

2024
Subsidiary

Disclaimer:
This presentation contains forward-looking statements based on assumptions and forecasts made by PT Bukit
Asam (Persero) Tbk management. Statements that are not historical facts, including statements about our beliefs
and expectations, are forward-looking statements. These statements are based on current plans, estimates and
projections, and speak only as of the date they are made. We undertake no obligation to update any of them in light
of new information or future events.
These forward-looking statements involve inherent risks and are subject to a number of uncertainties, including
trends in demand and prices for coal generally and for our products in particular, the success of our mining
activities, both alone and with our partners, the changes in coal industry regulation, the availability of funds for
planned expansion efforts, as well as other factors. We caution you that these and a number of other known and
unknown risks, uncertainties and other factors could cause actual future results or outcomes to differ materially
from those expressed in any forward-looking statement.

Palembang
Tanjung Enim
Lampung

For More Information:

Contact
Position
Address

Telephone
Facsimile
E-mail
Website

: Mr Hendri Rudiawan
: Head of Investor Relations
: PT Bukit Asam (Persero) Tbk
Menara Kadin, 15th Foor,
Jl. Rasuna Said, Blok X-5 Kav. 2 & 3,
Jakarta 12950, Indonesia
: +62 21 5254014
: +62 21 5254002
: hrudiawan@bukitasam.co.id
: www.ptba.co.id