Company Profile of Adaro Energy: A Leading Indonesian Coal Miner
The updated company profile of Adaro Energy is presented in our Indonesian Companies section. The company is one of the leading Indonesian coal mining companies and Indonesia's second-largest producer of thermal coal, operating the largest single coal mine in the country (located in South Kalimantan). Adaro Energy produces a type of sub-bituminous coal that is less environment unfriendly because of its low content of sulfur, nitrogen and ash. This coal is globally trademarked as envirocoal.
Adaro Energy posted a 40 percent plunge in net profit to USD $231 million over 2013 from the previous year. The company's revenue fell 12 percent to USD $3.3 billion. The lower average selling price of coal was cited as the main factor that resulted in weaker financial figures throughout 2013.
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Adaro Energy's Operational Highlights:
2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
Coal Production volume (Mt)¹ |
38.5 | 40.6 | 42.2 | 47.7 | 47.2 | 52.3 |
Coal Sales volume (Mt)¹ |
41.1 | 41.4 | 43.8 | 50.8 | 48.6 | 53.5 |
Overburden Removal (Mbcm) | 208.5 | 225.9 | 299.3 | 331.5 | 294.9 | |
Planned Strip Ratio (x) | 5.0 | 5.5 | 5.9 | 6.4 | 5.8 |
¹ million metric tons
Source: Adaro Energy, Annual Report 2013
Adaro Energy's Financial Highlights:
2008 | 2009 | 2010 | 2011 | 2012 |
2013 |
|
Net Revenue | 1,869 | 2,591 | 2,718 | 3,987 | 3,722 | 3,285 |
Net Income | 96 | 417 | 247 | 552 | 383 | 231 |
Gross Profit | 436 | 1,057 | 829 | 1,428 | 1,043 | 739 |
EBITDA | 506 | 1,067 | 883 | 1,474 | 1,088 | 822 |
Operating Income | 898 | 638 | 1,131 | 836 | 534 | |
Total Assets | 3,347 | 4,530 | 4,470 | 5,659 | 6,692 | 6,734 |
Total Liabilities | 1,824 | 2,648 | 2,438 | 3,217 | 3,697 | 3,539 |
Earnings per Share¹ | 0,00392 | 0,01297 | 0.00773 | 0.01721 | 0.01205 | 0.00723 |
Dividend per Share | 11.8² | 29.0² | 30.3² | 0.00575¹ | 0.00126¹ | |
P/E Ratio (x) | 7.2 | 9.6 |
in million USD, unless otherwise stated
¹ in USD
² in IDR rupiah
Source: Adaro Energy, Annual Report 2013
Future Projection Adaro Energy's Financial Highlights:
2012 |
2013 |
2014F | 2015F | 2016F | |
Net Revenue | 3,722 | 3,285 | 3,636 | 3,872 | 3,900 |
Net Income | 383 | 231 | 310 | 388 | 333 |
P/E Ratio (x) | 7.2 | 9.6 | 8.8 | 7.0 | 8.1 |
in million USD, unless otherwise stated
Source: Adaro Energy, Annual Report 2013 & Investor Daily