Company Presentation | Samindo

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Content

1 Company

2 Information

Financial

Information

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

2 nd

_Quarter

Update

Revenue

Profitability & Margin

Asset

Operational Result

Liabilities

Cash Flow

Capital Expenditure

2014 Plan

(3)

1 Company

Information

Company in brief

Milestone

Shareholders

Board of Directors

Business Line

Market

Subsidiaries

Operational Result

Corporate Structure

(4)

PT Samindo Resources Tbk

PT 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 the name 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

_Value

To become a holding company with high quality and

comprehensive mining services based on resources development.

• To create an

excellent mining operation and its management system

• To secure the full

ranged competitive mining services and sustainable reserve

• Integrity Focus • Global Excellence • Lead Change • Mutual Progress

(5)

• The Company was

established

• Initial Public Offering

• Change of name to PT

Samindo 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

(6)

Corporate Structure

Board of Commissioners

Board of Directors

Accounting &

finance Team

Accounting &

finance Team

HRD & GA Team

Legal Team

Busdev Team

Internal Audit

Corporate Secretary

(7)

Shareholders

Samtan Co.Ltd

Samtan Co.Ltd is one of

the biggest Korean

Corporation. Samtan

main business is focused

on energy and

development of resources.

Samtan involved in

several energy project in

Indonesia such as:

-

_{Coal mining}

-

_LPG

-

_{Independent Power}

Plant

-

_{Palm oil}

Favor Sum

Public

Investment Company

with portfolio in

Indonesia

-

_{Retail Investor}

-

_Fund

-

_Corporation

59.11%

25.77%

15.12%

Total Share Issued

2,206,312,500 shares

(8)

Board of Directors

Kim, Young Chan

President Director Independent Director

Witoro

Lee, Kang Hyeob

(9)

Business Line

PT Samindo Resources Tbk provide a comprehensive coal mining services combine with the human

resources 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

(10)

Subsidiaries

SIMS jaya kaltim

Ownership: 99.90%

Core Competencies:

Overburden & Coal Getting Services

Business Activity: 1. Wasted Removal 2. 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 Drilling services

Business Activity: Business consultant

(11)

Market

The Company currently is one of the mining services companies entrusted to work on the mining

concession area of PT Kideco Jaya Agung. PT Kideco jaya Agung is 3

rd

_{largest Indonesia coal producer}

400 million ton

Indonesia 2013 total

coal production

37 million ton

Kideco Coal

Production

2010

2011

2012

2013

29

32

34

37

(Million ton)

Currently PT Samindo Resources Tbk serve PT

Kideco Jaya Agung as a contractor for wasted

removal, coal getting, coal hauling and drilling

activity

(12)

Operation

Activity

Operational Result

Overburden removal

2011 2012 2013

45

48

(Million BCM)

Coal Getting

2011 2012 ₂₀₁₃

8

7

9

(Million ton)

Coal Hauling

2011 2012 2013

26

29

30

(Million ton)

Drilling

2011 2012 2013

29

27 29

(Thousand meters)

52

(13)

2 Financial

Information

Revenue Profile

Cost Profile

Profitability & Margin

Asset, Liabilities & Equity

2014 Plan

(14)

Revenue Profile

67%

32%

67%

32%

Coal Hauling

2011 2012 2013

490

588

692

(Rp billion)

Drilling

2011 2012 2013

18 17

12

(Rp billion)

Wasted Removal Coal Getting

Wasted Removal & Coal Getting

2011 2012 2013

716

(Rp billion)

Consolidated Revenue

2011 2012 2013

(Rp billion)

1,428

1,794

2,456

(Based on Financial Year 2013)

(15)

50%

Cost Profile

Material _Overhead _Depreciation _Labor

Cost

Structure

53%

38%

2011

2012

2013

COGS COGS Margin

Samindo consistently managed the cost over the time. Despite of the increasing in COGS, Samindo succeed to manage the COGS margin. In the top of

that there s a negative trend in Samindo COGS margin

(Based on Financial Year 2013)

COGS VS COGS Margin

15

(16)

Gross Profit

Gross Profit Margin

Profitability & Margin

197

232

2011 2012 2013

13.8% 13.0%

2011 2012 2013

Operating Profit

Operating Profit Margin

147 168

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

212

259

2011 2012 2013

14.8% 14.5%

2011 2012 2013

346 278

174

(17)

Asset, Liabilities & Equity

Current Asset

Non Current Asset

Current Asset

2011 2012 2013

464

605

911

Non Current Asset

2011 2012 2013

335

688 905

Current Liabilities

2011 2012 2013

330

656 ₅₂₅

Non Current Liabilities

2011 2012 2013

8

365 508

Equity

2011 2012 2013

461 ₂₇₁

782

(Rp billion)

Total Asset

Rp 1,816

(FY 2013, billion)

Total Liabilities

Rp 1,034

(FY 2013, billion)

Total Equity

Rp 782

(

FY 2013, billion

)

(18)

2014 Plan

Operation Plan

2013

2014

Growth

Business Line

Overburden

Removal

Coal Getting

Coal Hauling

Drilling

(Million BCM)

(Million ton)

(Thousand meters)

52

58 Financial Plan

2013

2014

Growth

Profit & 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)

(19)

3 ₂

nd

Quarter Update

Revenue

Profitability & Margin

Asset

Operational Result

Liabilities

Cash Flow

Capital Expenditure

(20)

Operation Result

Wasted Removal

2nd_{Q 2013} ₂nd _{Q 2014}

25.5 26.5

Coal Getting

4.3 4.5

(Million BCM) (Million ton) (Million ton)

Coal Hauling

14.9 16.2

2nd_{Q 2013} ₂nd _{Q 2014} 2ndQ 2013 2nd _{Q 2014}

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Consolidated

2

nd

_{Q 2013}

₂

nd

_{Q 2014}

1,107 1,478

Revenue

Wasted Removal

2nd_{Q 2013 2}nd_{Q 2014}

605

799

Coal Getting

53

62

Coal Hauling Drilling

8 9

(Rp billion)

(Rp billion) (Rp billion) (Rp billion) (Rp billion)

2nd_{Q 2013 2}nd_{Q 2014} ₂nd_{Q 2013 2}nd_{Q 2014} ₂nd_{Q 2013 2}nd_{Q 2014}

326

386

(22)

Profitability & Margin

Gross Profit

155

229

Operating Profit

124

191

Net Profit

87 141

EBITDA

188

275

2nd_{Q 2013 2}nd_{Q 2014} ₂_nd_{Q 2013 2}_nd_{Q 2014} ₂_nd_{Q 2013 2}_nd_{Q 2014} ₂_nd_{Q 2013 2}_nd_{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 2}nd_{Q 2014} ₂nd_{Q 2013 2}nd_{Q 2014} ₂nd_{Q 2013} ₂nd_{Q 2014} ₂nd_{Q 2013} ₂nd_{Q 2014}

22

(23)

Asset

Current Asset

2013 2nd_{Q 2014}

911 1,016

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 2014}

2013

(Rp billion)

113 95

238 226 _{240 227}

2nd_{Q 2014}

898 1,001

Total Asset

1,816

(Rp billion)

2013

2

nd

_{Q 2014}

2,025

(24)

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 2014}

2013

(Rp billion)

219

360

268 ₂₆₃

2nd_{Q 2014}

494 ₄₈₅

Total Liabilities

1,034

(Rp billion)

2013

2

nd

_{Q 2014}

1,165

(25)

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} 2ndQ 2013 2ndQ 2014

(26)

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

Utilize Not Utilize

(27)