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Integrated Mining Service Company
Company Profile
Content1 2CompanyInformation
FinancialInformation
Revenue Profile
Cost Profile
Profitability & Margin
Asset , Liabilities &Equity
Company in brief
Milestone
Shareholders
Board of Directors
Business Line
Market
Subsidiaries
Operational Result
Corporate Structure
3 2nd QuarterUpdate
Revenue
Profitability & Margin
Asset
Operational Result
Liabilities
Cash Flow
Capital Expenditure
2014 Plan
2
1 CompanyInformation
Company in brief
Milestone
Shareholders
Board of Directors
Business Line
Market
Subsidiaries
Operational Result
Corporate Structure
3
PT Samindo Resources TbkPT 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 thename 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.
Company in Brief
Vision Mission ValueTo become a holdingcompany with highquality andcomprehensivemining servicesbased on resourcesdevelopment.
• To create anexcellent miningoperation and itsmanagement system
• To secure the fullranged competitivemining services andsustainable reserve
• Integrity Focus
• Global Excellence
• Lead Change
• Mutual Progress
4
• The Company wasestablished
• Initial Public Offering
• Change of name to PTSamindo Resources Tbk
• Change of business nature• Reverse stock• Rights Issue I• Acquisition of PT SIMS Jaya
Kaltim
• Rights Issue II• Acquisition of PT Samindo
Utama Kaltim• Acquisition of PT Trasindo
Murni Perkasa• Acquisition of PT Mintec Abadi
Milestone
2000 2011 2012
5
Corporate Structure
Board of CommissionersBoard of Commissioners
Board of DirectorsBoard of Directors
Accounting &finance TeamAccounting &finance Team HRD & GA TeamHRD & GA Team Legal TeamLegal Team Busdev TeamBusdev Team
Internal AuditInternal Audit
Corporate SecretaryCorporate Secretary
6
Shareholders
Samtan Co.LtdSamtan Co.Ltd is one ofthe biggest KoreanCorporation. Samtanmain business is focusedon energy anddevelopment of resources.Samtan involved inseveral energy project inIndonesia such as:- Coal mining- LPG- Independent Power
Plant- Palm oil
Favor Sum
Public
Investment Companywith portfolio inIndonesia
- Retail Investor- Fund- Corporation
59.11%
25.77%
15.12%
Total Share Issued2,206,312,500 shares 7
Board of Directors
Kim, Young ChanPresident Director
WitoroIndependent Director
Lee, Kang HyeobDirector
Yoo, Hun JaeDirector8
Business Line
PT Samindo Resources Tbk provide a comprehensive coal mining services combine with the humanresources and technology into excellent services
Overburden Removal Coal Getting Coal Hauling Drilling
Equipment:
- Excavator – 16 unit
- Dump Truck – 113 unit
- Bulldozer – 32 unit
- Tractor – 100 unit
Equipment: - Drilling Rig – 2 unit
Equipment:
- Trailer – 190 unit
9
Subsidiaries
SIMS jaya kaltim
Ownership:99.90%
Core Competencies:Overburden & Coal GettingServices
Business Activity:1. Wasted Removal2. Coal Getting
Trasindo Murni Perkasa
Ownership:99.80%
Core Competencies:Coal Hauling Services
Business Activity:Hauling of coal
Samindo Utama Kaltim
Ownership:99.67%
Core Competencies:Coal Hauling Services
Business Activity:Hauling of coal
Mintec Abadi
Ownership:99.60%
Core Competencies:Coal Mining Drillingservices
Business Activity:Business consultant
10
Market
The Company currently is one of the mining services companies entrusted to work on the miningconcession area of PT Kideco Jaya Agung. PT Kideco jaya Agung is 3rd largest Indonesia coal producer
400 million ton
Indonesia 2013 totalcoal production
37 million ton
Kideco CoalProduction
2010 2011 2012 2013
29
32
3437
(Million ton)
Currently PT Samindo Resources Tbk serve PTKideco Jaya Agung as a contractor for wasted
removal, coal getting, coal hauling and drillingactivity
(Source: APBI) 11
OperationActivity
Operational Result
Overburden removal
2011 2012 2013
45
48
(Million BCM)
Coal Getting
2011 2012 2013
87
9
(Million ton)
Coal Hauling
2011 2012 2013
26
29
30
(Million ton)Drilling
2011 2012 2013
2927
29
(Thousand meters)
52
12
2 FinancialInformation
Revenue Profile
Cost Profile
Profitability & Margin
Asset, Liabilities & Equity
2014 Plan
13
Revenue Profile
67%
32%
67% 32%
Coal Hauling
2011 2012 2013
490
588
692
(Rp billion)
Drilling
2011 2012 2013
1817
12
(Rp billion)
Wasted Removal
Coal Getting
Wasted Removal & Coal Getting
2011 2012 2013
716921
1,355
1158083
(Rp billion)
Consolidated Revenue
2011 2012 2013
(Rp billion)
1,428
1,794
2,456
(Based on Financial Year 2013)14
50%
55%
60%
65%
70%
75%
80%
85%
90%
-
500
1,000
1,500
2,000
2,500
3,000
Cost Profile
Material Overhead Depreciation Labor
CostStructure
53%38%
3%
7%
1,2311,561
2,110
86% 87% 86%
2011 2012 2013
COGS COGS Margin
Samindo consistently managed the cost over thetime. Despite of the increasing in COGS, Samindo
succeed to manage the COGS margin. In the top ofthat there’s a negative trend in Samindo COGS
margin(Based on Financial Year 2013)
COGS VS COGS Margin
15
(Rp billion)
Gross Profit
Gross Profit Margin
Profitability & Margin
197232
2011 2012 2013
13.8% 13.0%
2011 2012 2013
Operating Profit
Operating Profit Margin
147168
2011 2012 2013
10.3% 9.4%
2011 2012 2013
Net Profit
Net Profit Margin
(6) 36
2011 2012 2013
(0.4%) 2.0%
2011 2012 2013
EBITDA
EBITDA Margin
212259
2011 2012 2013
14.8% 14.5%
2011 2012 2013
346 278
174
419
14.1%11.3%
7.1%
17.0%
16
(Rp billion) (Rp billion) (Rp billion) (Rp billion)
Asset, Liabilities & Equity
CurrentAsset
Non CurrentAsset
CurrentLiabilities
NonCurrent
Liabilities
Equity
Current Asset
2011 2012 2013
464
605
911
Non Current Asset
2011 2012 2013
335
688905
Current Liabilities
2011 2012 2013
330
656 525
Non Current Liabilities
2011 2012 2013
8
365508
Equity
2011 2012 2013
461 271
782
(Rp billion)
(Rp billion)
(Rp billion)
(Rp billion)
Total AssetRp 1,816
(FY 2013, billion)
Total LiabilitiesRp 1,034
(FY 2013, billion)
Total EquityRp 782
(FY 2013, billion)17
2014 Plan
Operation Plan
2013 2014 GrowthBusiness Line
OverburdenRemoval
Coal Getting
Coal Hauling
Drilling
(Million BCM)
(Million ton)
(Million ton)
(Thousand meters)
52 58
9 11
30 33
29 27
12%
22%
10%
-7.1%
Financial Plan
2013 2014 GrowthProfit & Loss
Revenue
Gross Profit
Operating Profit
Net Income
(Rp billion)
2,456 3,037
346 349
278 262
173 182
24%
0.9%
-5.7%
5.2%
(Actual) (Plan)(Actual) (Plan)
18
3 2nd Quarter Update
Revenue
Profitability & Margin
Asset
Operational Result
Liabilities
Cash Flow
Capital Expenditure
19
Operation Result
Wasted Removal
2nd Q 2013 2nd Q 2014
25.526.5
Coal Getting
4.34.5
(Million BCM) (Million ton) (Million ton)
Coal Hauling
14.9 16.2
2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014
20
Consolidated
2nd Q 2013 2nd Q 2014
1,1071,478
Revenue
Wasted Removal
2nd Q 2013 2nd Q 2014
605799
Coal Getting
53
62
Coal Hauling Drilling
8 9
(Rp billion)
(Rp billion) (Rp billion) (Rp billion) (Rp billion)
2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014
326
386
21
Profitability & Margin
Gross Profit
155
229
Operating Profit
124
191
Net Profit
87141
EBITDA
188
275
2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014
Gross Profit Margin
14.0%15.5%
Operating Profit Margin
11.2% 12.9%
Net Profit Margin
7.9%
9.6%
EBITDA Margin
17.0% 18.6%
2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014
22
(Rp billion) (Rp billion) (Rp billion) (Rp billion)
Asset
Current Asset
2013 2nd Q 2014
9111,016
Non Current Asset
2013 2nd Q 2014
905 1,009
(Rp billion)
Fixed Asset
2013
(Rp billion)(Rp billion)
Cash A/R Inventory
2nd Q 20142013
(Rp billion)
113
95
238 226 240 227
2nd Q 2014
8981,001 Total Asset
1,816
(Rp billion)
2013
2nd Q 2014 2,025
23
Liabilities
Current Liabilities
2013 2nd Q 2014
525 664
Non Current Liabilities
2013 2nd Q 2014
508 501
(Rp billion)
Long Term Bank Loan
2013
(Rp billion)(Rp billion)
Trade Payable Short Term Loan
2nd Q 20142013
(Rp billion)
219360
268 263
2nd Q 2014
494 485
Total Liabilities1,034
(Rp billion)
2013
2nd Q 2014 1,165
24
Cash flow
Cash Flow from operation
2nd Q 2013 2nd Q 2014
73
241
Cash Flow for Investment
(386)
(202)
(Rp million)
Cash Flow from Financing
290
(57)
(Rp million) (Rp million)
2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014
25
Capital Expenditure
Capital Expenditure
Rp 307 billion
Capital Expenditure Realization (2nd Q 2014)
Rp 5.8 billion
Heavy Equipment
Machinery
Rp 180 billion
Total Rp 186 billion
* 1US$ = Rp 11,000
UtilizeNot Utilize
26
Thank You