Company Overview Business Update - Power Plants -...
Transcript of Company Overview Business Update - Power Plants -...
AGENDA
Company OverviewBusiness Update
- Power Plants- BTS Towers- Coal Mining and Trading
Financial Performance (3Q 2010)
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Company Overview
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CORPORATE MILESTONES
2007 Started investment in BTS towers.
1998 Started commercial operations in power and steam generation
2001 Got ISO 9001:1994 Quality Management System certification and upgraded to ISO 9001:2001 certification in year 2003
2004 Merged with PT Supra Veritas ;Started trading business.
2009 Became publicly-listed company on December 10, 2009, and started coal mining and coal trading business.
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RCI
BIB
PT Dian Swastatika Sentosa Tbk
MAL KIM WAL NIL
PT BKES(Mining Holding)
100%
99.97%99.9% 99.8%
TKS
KCP
TBBU
BBUNIP
99.98%99.98%99.98%99.98%70 %
CORPORATE STRUCTURE
100%
99.77%
99%
PT Sinar Mas Tunggal Public
59,90% 40,10%
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Business Update
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Tangerang (19MW)
Karawang-1 (35 MW)
Karawang-2 (90 MW)
PT DSS
Serang (156MW)
1,105 BTS Towers
10 Coal Concessions
Coal MiningBTS Towers
Provider Power Plants
Business Line
Chemical
Trading
Coal
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Business Update
Power Plants
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Fixed Asset (NBV) : $ 240 million Net Dependable Capacity :
POWER PLANT
PLANT POWER (MW) STEAM (ton/hour)
Serang 156 570
Tangerang 19 103Karawang I 35 287
Karawang II 90 376Total 300 1.336
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West Java
Serang Cogen Plant156 MW, 1010 MT/hr
Tangerang Cogen Plant19 MW, 114 MT/hr
Karawang-1 Cogen Plant 35 MW, 387 MT/hrKarawang-2 Cogen Plant90 MW, 376 MT/hr
LOCATION OF DSS POWER PLANTS
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IPP PROJECTS
PLN plans to build phase-2 power plants of 10,000 MW in Indonesia.
We joined and have passed the pre-qualification process (PQ) for PLN IPP projects :
2 X 150 MW IPP Sumsel-5
2 X 100 MW IPP Kalsel-1
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Business Update
BTS Towers
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BTS TOWERS
Fixed Asset : $ 70 million BTS tower location (total 1,105 sites) in Java, Bali
and Lombok Most towers can accommodate 3 operators
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LOCATION OF TOWERS
Jawa Barat : 174 sites
Jawa Tengah : 281 sites Jawa Timur : 307
sites
Jabodetabek: 304 sites
Bali : 24 sites
Lombok: 15 sites
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BTS TOWERS BUSINESS UPDATE
1st tenant : 1105 towers2nd tenant : 273 towers3rd tenant : 48 towers4th tenant : 1 towers
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BTS Towers Business Update
Current tenants :
PT Bakrie Telecom Tbk PT Natrindo Telepon Seluler PT Telekomunikasi Indonesia Tbk (Flexi) PT XL Axiata Tbk PT Hutchison CP Telecommunications PT Indosat Tbk PT Smart Telecom
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Business Prospect and Strategy
Demand is expected to increase within next 5 years
Indonesia telecommunication regulation on BTS Towers sharing by several operators has positive impact on potential revenue increase
Optimization revenue by obtaining second and third tenants for our BTS Towers.
Selective expansion only on strategic locations, either by building new BTS or buying existing BTS.
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Business Update
Coal Mining and Trading
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COAL MINING BUSINESS
DSS, through its subsidiaries, holds 1 CCOW and 10 coal concessions with total areas of 57,276 ha located in Kalimantan and Sumatera.
In addition to local sales, coals are exported to China, Thailand and India.
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COAL MINING EXPANSION
Acquisitions in year 2010:
1. PT Trisula Kencana Sakti (TKS) – Central Kalimantan 70% ownership – June 29, 2010
2. PT Karya Cemerlang Persada (KCP) – Jambi99.97% ownership – May 11, 2010
3. PT Tanjung Belit Bara Utama (TBBU) - Jambi99.77% ownership – May 11, 2010
4. PT Bungo Bara Utama (BBU) – Jambi99.8% ownership – Aug 10, 2010
5. PT Nusa Indah Permai (NIP) – South Sumatera99.9% ownership – Sep 27, 2010
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LOCATIONS OF COAL MINES
BIB – Tanah Bumbu, Kalimantan Selatan(24.100 ha)
WAL – Tebo, Jambi(9.333 ha)
MAL – Muba, Sumatera Selatan(4.550 ha)
NIL – Indragiri Hulu, Riau(2.000 ha)
KIM – Bungo, Jambi(398 ha)
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LOCATION OF COAL MINES
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COAL RESOURCE & RESERVE
PT Bumi Kencana Eka Sakti, a subsidiary of DSS, has > 1 billion tons of coal resources with low and medium-high caloric value.
Currently, BKES is in the finalization of JORC drilling process.
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Business Prospect and Strategy
Coal industry outlook is especially bright in the next few years, with the Indian and Indonesian market growing very rapidly.- India plans : 74,000 MW coal power plants (requiring
about 100 million tons/year additional coal by 2012)- Indonesia crash program : 10,000 MW of power plants
(requiring about 60 million tons/year additional coal by 2012)
Most of power plants above require coal with CV 5300-5500 kcal/adb of low sulfur and ash, which is the exact specification of PT BIB (a subsidiary of DSS) coal.
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Business Prospect and Strategy
High CV coal is getting more difficult to obtain as coal is a non-renewable product. With the market increasing, supply of Indonesia high CV will decrease. At this point, PT BIB (a subsidiary of DSS) will be the primadona of coal mines.
In the very near future and even at present, our coal will be in a very high demand (Following Adaro’s 5900CV, Kideco’s 5600CV, Arutmin’s 5500CV)
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Financial Performance3Q 2010
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Consolidated Balance Sheets
3Q 2009unaudited
3Q 2010unaudited
% change
Cash and Cash Equivalents (US$’000)
17,509 58,704 235.3%
Current Assets (US$’000) 116,992 181,120 54.8%
Total Assets (US$’000) 507,365 609,504 20.1%
Current Liabilities (US$’000) 49,597 74,315 49.8%
Total Liabilities (US$’000) 200,844 282,444 40.6%
Total Interest Bearing Debt (US$’000)
125,324 203,628 62.5%
Stockholders' Equity (US$’000) 306,521 326,941 6.7%Net Debt to Equity (X) 0.41 0.64 56.1%
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Consolidated Income Statements
3Q 2009unaudited
3Q 2010unaudited
% change
Net Revenue (US$’000) 158,875 156,679 -1.4%
Cost of Revenue (US$’000) 136,768 119,892 -12.3%
Gross income (US$’000) 22,107 36,787 66.4%
Operating Income (US$’000) 20,534 20,156 -1.8%
EBITDA (US$’000) 39,753 35,397 -11.0%
Interest Expense (US$’000) 11,570 12,054 4.2%Net Income (US$’000) 5,491 4,864 -11.5%
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3Q 2009 3Q 2010
Financial Performance
Coal Mining & TradingRental BTSTrading - ChemicalTrading – Pulp, PaperPower Plant
REVENUE GROSS MARGIN
158,875 156,679
22,107
36,787
US$’000 US$’000
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3Q 2009 3Q 2010
Financial Performance
Coal Mining & TradingRental BTSTrading - ChemicalTrading – Pulp, PaperPower Plant
OPERATING MARGIN EBITDA
US$’000
20,534 20,156
39,753
35,398
US$’000
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23%
14%
9%12%
42%
Power Plants
Trading -Pulp, PaperTrading -ChemicalRental BTS
Coal mining &trading
REVENUE DISTRIBUTION BY BUSINESS LINE
INHOUSE 3Q 2010
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44%
1%1%
46%
8%Power Plants
Trading - Pulp,PaperTrading -ChemicalRental BTS
Coal mining &trading
EBITDA DISTRIBUTION BY BUSINESS LINE
INHOUSE 3Q 2010
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Thank You!
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