Corporate Presentation January 2012
Top 10 Best Performing companies in Indonesia
Best Overall for Corporate Governance in Indonesia
Key Investment Highlights
Strong Future Growth
Largest Private sector Petroleum distributor of Unsubsidised fuel in Indonesia Largest Bulk Chemicals Distributor in Indonesia
Robust Financial Performance
Entry into Coal Mining and Coal Logistics First Private Company allowed to distribute Subsidised Fuel
2
Extensive Logistics to handle bulk products
Integrated Logistics and Supply Chain Company
Coal Mining & Coal Infrastructure in Central Kalimantan
Petroleum distribution Unsubsidised fuel
Retail Stations For Subsidised Petroleum
Container Ports, Coal Terminals, Bulk Cargo Ports in Guigang, China
Logistics Port Operations – bulk cargo & containers Indonesia Basic Chemicals distribution
3
Independent Petroleum Storage & Value added services
Delivering Consistent High Growth in Revenue and Net Profits Strong Revenue Growth 14,383
7
of GR A C rs Ye a
36%
12,195
9M 2011 Sales Revenue Break down 9,476
8,960 Logistics 3%
5,895
Chem 12%
3,970 1,382
2003
2,187
2004
2,828
2005
2006
2007
2008
2009
2010
Consistent Earning Growth
7
rs Ye a
5% of 3 R G CA 191
54
2003
119
128
2005
2006
9M 2011 456 Petrol 81%
311 275
210
76
2004
Mfg 4%
2007
2008
2009
2010
9M 2011
4
Delivering superior returns to Stakeholders Share Performance AKR Corporindo Tbk PT JSX COMPOSITE INDEX
1 Month 6 Months 1 Year +1.68% +40.70% +74.86% +0.78% -3.65% +2.85%
5 Years +485.49% +107.41%
AKRA IJ
Source: www.ft.com (1 Jan 2012) • Bloomberg Code
: AKRA IJ
• Market Cap (US$ mn) :
1,260
• Issued Shares (mn)
3,822
:
• Major Shareholders (%) • PT Arthakencana Rayatama 59.68%
:
• Others 40.32%
:
5
Awarded for Good Corporate Governance 2011 • • • •
Best Best Best Best
Overall for Corporate Governance in Indonesia – Rank 2 for Investor Relations in Indonesia – Rank 1 for Disclosure and Transparency in Indonesia- Rank 2 for Responsibilities of Management and the BOD in Indonesia- Rank 3
• Haryanto Adikoesoemo - Best of Best CEO in Indonesia • Corporate Governance Asia Recognition Award 2011: The Best of Asia • Top 10 Best Performing Companies in Indonesia
2010 • • • • • •
Best Best Best Best Best Best
Overall for Corporate Governance in Indonesia for Disclosure and Transparency in Indonesia for Responsibilities of Management and the Board of Directors in Indonesia for Shareholder’s Right and Equitable Treatment in Indonesia for Investor Relations in Indonesia Investor Relations Officer in Indonesia
Asia Best Companies • Indonesia’s Best Investor Relations
2009 • The Best Managed Small-Cap Corporate in Indonesia • Haryanto Adikoesoemo – E & Y Entrepreneur of the year- Indonesia
2008 • Best Investor Relations Officer in Indonesia
6
Infrastructure spread across the vast Indonesian Archipelago Tank Terminals, bulk warehouse, Ports, Petroleum tankers, Trucks to service customers across Indonesia Operates in 18 major sea and river ports in Indonesia Kalimantan:
Sumatera: 1.
Medan
2.
Parawang (Terminal & Dermaga)**
3.
Palembang (Terminal & Dermaga)
4.
Lampung
11
Stagen
12
Pontianak
13
Banjarmasin
14
Buntok Baru**
15
Sanga sanga / Samarinda **
16
Satui
Sulawesi:
1
17.
Makassar
18.
Bitung**
Eastern Indonesia :
18 2
16
14
12
15 3
19
13 5
6
4
8
11
9
20 17
10 7 Jawa: ** Under construction *** Tankers being acquired
5.
Ciwandan (Merak)
6.
Jakarta
7.
Bandung
8.
Semarang
9.
Surabaya
Bali:
10. Benoa
7
19.
Tanker***
20.
Tanker***
Assets Petroleum and Chemical Tank Terminals
Location: Medan- Palembang- Lampung- Banten- Bandung- Jakarta- SemarangSurabaya- Tanjung Benoa- Pontianak- Stagen- Satui- Banjarmasin- Muara TeweSanga-Sanga- Pangkep Number of Tanks: 135 Tanks
Total Cap: 542,650 KL
8
Under construction: 76,900 KL
Assets Sea and River Transport
SPOB AKRA 20 Capacity (DWT)
Ownership
Permit
MT AKRA 10
1.000
AKR
SIOPSUS. No B XXXIV.239/AT 54
SPOB AKRA 20
2.000
AKR
MT & TNB (20 Units)
27.050
Chartered
TOTAL
30.050
Vessel
9
Assets Road Transport units
10
500+ units fleet ( Owned + 3rd Party )
Assets Bulk Warehouses
Location : Medan Bandung Jakarta Semarang Surabaya Total Space : 58,240 M2
11
Assets River Ports in Pearl River China
5 River Ports handling Containers and General Cargo Coal and Bulk Cargo in the Pearl River
12
Guigang- Guangxi- China
Largest distributor of Basic Chemicals Principals
Basic Chemical Portfolio Caustic Soda Hydrochloric Acid PVC Resin Soda Ash Sodium Sulfate Sulfuric Acid Methanol
Customes covering entire spectrum of Indonesian Economy • • • • • •
Chemicals Textiles Paper Construction Consumer Industry Fertilizers
Agriculture Plywood and wood working Food and Pharmaceuticals Mining Energy Bunker Services
• AKR is Indonesia’s largest Basic Chemicals distributor with over 50 years of operation history (since 1960’s) • Dominant market share as a supplier of many of the Basic Chemicals that it distributes • Stable Revenues Stream: Predominantly commission based products 13
Basic Chemical Performance Indonesian GDP and consumer growth drives Revenues Quarterly Basic Chemicals Revenue (Rp bio)
Quarterly volume of Basic Chemicals (k MT)
261
280
286
306
302
310
332
754
294
446
1Q10
645
665
2Q11
3Q11
584
2Q10
3Q10
4Q10
1Q11
2Q11
3Q11
1Q10
4Q11
520
488
480
2Q10
3Q10
4Q10
2,261
2,273
3Q11
4Q11
Quarterly Basic Chemicals ASP (Rp / kg)
1,936 1,707
1,745
1,677
1,702
1Q10
2Q10
3Q10
4Q10
14
1Q11
2,084
2Q11
1Q11
4Q11
A major player in Distribution of Petroleum Products in Indonesia
15
Delivering fuels from Reliable and efficient end-to-end supply chain End-to-end supply chain International Suppliers
AKR Corporindo Logistics/Supply Chains
Refineries
Hub Terminal
Terminal
Inv Mgmt System
Import
Small Vessel
Barge
Truck
Petroleum Products
Gasoil Fuel Oil Industrial Diesel Oil Mogas
Customers
How AKR adds value to our Petroleum customers:
• Controls the entire Supply Chain thereby ensuring Quality products and reliability in supplies • Petroleum products from Reputed Oil Majors • Competitive pricing • Innovative solutions to customer requirements 16
Overview of Indonesian Petroleum downstream Market Indonesia Consumption of Refined Products Indonesia Downstream Petroleum Market 2011
Increase in Imports to meet shortfall in domestic production (k bbl/day) 1,500 1,400
Non40% Non Subsidised Subsidized 26.4 Mn KL Fuel, 25
1,300 1,200 Subsidised Subsidized 40.45 Mn KL
Fuel, 37
1,100
60%
1,000
Consumption Source : Ministry of Finance
Production
20 10
20 08
20 06
20 04
20 00
800
20 02
900
Consumption Linear Trendline
Source : BP Statistical Review of World Energy 2011
Subsidy quota for 2012.. 37.5 Mn KL Ron 88 .. Premium 21.9 Mn KL, Kerosene 1.7 Mn KL, Diesel 13.9 Mn KL
• Indonesia is one of the largest downstream petroleum market in the Region • Deregulation mandated by Law 22/2001 implemented from Oct 2005 • Commodity boom and Strong GDP growth is driving energy demand • AKR being the first mover has invested in infrastructure and registered significant increase in Petroleum sales
17
Indonesia now a Net Importer of Petroleum products - Falling crude and refinery output pushes Imports Forecast of Indonesian Petroleum Consumption
‘000 BBL 120
100
'Miillion Kilo liters
80
60
40
20
0 2010
2012
2014
2016
2020
2022
2025
2027
2030
Year Gasoline
Refined Products consumption
Gasoline Diesel Kerosene Fuel Oil Total Mn KL Total '000 Bbl per day
Kerosene
Fuel Oil
2010
2012
2014
2016
2020
2022
2025
2027
2030
21.58 31.36 8.89 5.07
23.79 31.51 8.48 5.48
26.23 31.89 8.11 5.91
28.91 32.68 7.94 6.15
35.15 35.1 7.19 7.46
38.75 36.46 6.94 8.07
44.86 38.73 6.62 9.07
49.45 40.4 6.44 9.81
57.25 43.13 6.21 11.03
66.9
69.26
72.14
75.68
84.9
90.22
99.28
106.1
117.62
1,153
1,463
18 Source: BCG Report / Pertamina
Diesel
2,027
Petroleum sales volume grew 51% CAGR (2006 -2011) Low base offers future growth opportunity
Strong Growth in AKR Sales Volume
y 50
o
y 2,040
% 1,356
1,025 671 522 258 21 2005
2006
2007
2008
2009
2010
(Million KL) 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 -
2011
AKR Market Share 8.0%
AKR Market Share 0.3%
38.5 24.4 2.0
0.1
Non Subsidized
Subsidized AKR
Other Players
• Sales volume in 2011 reached over 2.0 Million Kilo liters ( 50% growth Y o Y ) • Growth driven by higher sales volume to Mining companies in Kalimantan, Irian Jaya and Eastern Indonesia • Significant growth opportunity considering current market share and increased demand for Petroleum products in Mining, Power and other sectors
19
Providing value added solutions to miners in Kalimantan • • • •
Eastern Indonesia Provinces contribute over 70% of AKR fuel sales Driven by demand from coal mining/energy related sector. Established a robust supply chain with coastal and inland terminals Delivery mechanisms to service customer requirements – SPOB, Fuel Management systems
Kalimantan Island
Stagen, Pulau Laut Hub (80,000 KL) Sanga-Sanga Pontianak
Muara Teweh Balikpapan
Banjarmasin
Stagen (HUB Terminal)
Existing Terminal Proposed New terminal
20
SPOB for river transport
Petroleum distribution – strong revenue growth Quarterly voluem of Petroleum (k KL) Quarterly Petroleum revenue (Rp bio)
592 507 399 259
4,298
490
450
405
3,464
293
2,105 1,391
1Q10
2Q10
3Q10
4Q10
1Q11
2Q11
3Q11
4Q11
1Q10
Quarterly Petroleum ASP (Rp / L) 7,652 6,830 5,382
5,597
5,279
1,642
2Q10
3Q10
4Q10
2Q10
3Q10
2Q11
7,599
Jawa & Bali 21%
5,767
4Q10
1Q11
Petroleum Volume by Region
7,258
1Q11
2Q11
3Q11
4Q11
21
3,422
2,336
Kalimantan, Sulawesi, Papua 71% 1Q10
3,750
Sumatera 8%
3Q11
4Q11
Growth Drivers 2012- 2015 1. Opportunity for growth in Retail Sector
22
Fuel subsidy removal priority of the Indonesian Government 2011 Energy Subsidies Allocation as % of budget
Fuel Subsidies Rp Trillion 180
Salary Allow 22%
168
160
140
123 92
88
100 67
60
Energy Subsidy 16% Other sub 6%
Others 2%
58
Capital Invst 16%
Soc Assist 8%
40
20 2005
2006
2007
2008
2009
2010
2011
2012(B)
Interest 14%
Mtl Proc 16%
Subsidies availed by the well to do class – Mis allocation of subsidies
Higher Income range
Middle Income Range
23
Lower Income Range
Recent Developments on Subsidy Removal •Indonesian government has announced plans for limiting fuel subsidies during 2012 •Law No. 22 of 2011 on the Indonesian State Budget 2012 mandates limitation of use of subsidized gasoline for private cars •Private car owners in Java and Bali banned from using subsidised fuel wef April 1, 2012 •Deregulation of the Retail segment expected to open up market in the coming years • Opportunity for local and foreign players to participate in Retail distribution
Oil Majors are currently only selling Un subsidised Gasoline
24
Reappointed to distribute Subsidised fuel during 2012
• •
AKR has been re appointed by BPH Migas to distribute subsidised fuel during 2012. Operates retail stations – Own / Franchisee owned in 31 locations Province
# petrol station
• North Sumatra • Lampung • West Kalimantan • South Kalimantan • East Kalimantan • South Sulawesi Total
7 10 5 5 3 1 31
Franchisee Based Business Model I T systems and packages implemented to control operations Presents Growth Opportunity as Subsidised segment is deregulated
25
Provider of Petroleum logistics facilities to oil majors - Independent Tank Storage and Haulier Services Independent Tank terminal facilities from the largest Private Tank Storage facilities in Tanjung Priok Port – Joint venture with Royal Vopak Premium haulier for meeting the transportation needs of Oil Companies
Largest Independent Petroleum Storage facility in Jakarta – inaugurated 2010
Premium Transportation Provider
26
Petroleum Distribution Growth Plan
Consolidate and grow market share
Develop Franchise Based Retail distribution supported by Network
Mining, Power Industrial and Commercial Sector
Participate in opening up of Retail Sector
( Un subsidised )
( Now subsidised )
2011
Provide Value added Terminal and Haulier Facilities to Third Parties
2015 27
Building an Integrated Coal Logistics & Coal Mining and distribution Business
28
FLASH : First shipment of Coal delivered in December 2011 First Shipment of Coal delivered to Buyer from Muara Tewe Port on December 21, 2011 Coal Specification : S. No
Parameters
Typical Values
1
GCV KCals / kg on ‘As Received Basis’
5000
2
TM % (As Received Basis)
26
3
IM % (Air Dried Basis)
18
4
Sulfur % (Air Dried Basis)
Max1
5
Ash % (Air Dried Basis)
8%
6
VM % (Air Dried Basis)
36
7
HGI
59
8
Size
0 – 50 mm – 90%
AKR coal expects to increase production of coal and commence exports to China during 2012
29
Coal Logistics infrastructure to connect Pit to Port in China
Kalimantan, Indonesia
Building an integrated Coal Logistics Infrastructure to enable movement of coal from Mine to Customer a) Hauling Roads from Pit to River Port - 50: 50 JV with Forest concession owner in Central Kalimantan b) River Port at Buntok Baru - Already commissioned c) Intermediate stock pile at Teluk Timbau - Under Planning – completion by 2012 d) Coal Ports in Guigang China - Acquired in 2006, expansion and building of stock pile completed e) Announced acquisition of 33.5% shareholding in PT Jabal Nor, a company in Tapin, South Kalimantan engaged in Coal river Port and Road project.
30
Coal Mining and Infrastructure Assets Coal Concessions
24,388 ha
Indonesian Coal Terminal
China Guigang Coal Terminals
Hauling Roads & Coal Ports
PT Anugerah Karya Raya ( AKR : 94.64%) Coal Concessions : IUP / CCOW • PT Bumi Karunia Pertiwi – Operational since July 2011 • • • •
PT PT PT PT
Sarana Tambang Utama Rizki Tambang Selaras Mineral Tambang Wahana Baruta Abadi
Not yet operational
• Location : Muara Tewe, 38 ha, capacity 1,000 MT/hour, 100% owned by AKR, handles AKR and 3rd Parties Coal, commissioned in 2011 • Intermediate coal terminal under construction at Teluk Timbau, area 42 ha, Ownership: 100% AKR, expected to be completed by 2012.
AKR Guigang Transshipment Port, China (AKR : 78%) & AKR Guigang Port ( AKR 100%) • Coal Terminal capacity 8 mn MT • Acquired in 2006 • Coal Market: End Users (Power Plants, Steel Factory, Industrials, etc) PT Berkah Rukun Bersama ( JV 50: 50 ) • Central Kalimantan : Upgrade and develop road infrastructure 58 kilometers to serve AKR mines and 3rd party users PT Jabal Nor ( AKR : 33.5%) • South Kalimantan : Project to develop 28 kms coal hauling roads and Coal port in Tapin Regency, to serve 3rd party coal mines
31
Coal mining in Central Kalimantan; it is about logistics Capitalizing on its strong logistics and supply chain capabilities AKR is now investing and building a robust coal mining and coal logistics business in Central Kalimantan % of Logistics cost Muara Tewe 51 km
AKR Buntok Baru Coal Terminal
213 km
AKR Coal Mining
Map of Kalimantan
23 9k
m
AKR Teluk Timbau Intermediate Stock Pile (ISP)
• Over 50% of the FOB cost of Coal mined in Central Kalimantan is Logistics • Mining cost – paid to Mining contractor includes 30% cost of Fuel • AKR sees significant Synergies in Coal Business Medium to High CV Coal
• Central Kalimantan home for medium to high calorie coal • Logistics infrastructure key to mining and transporting coal • Low Sulphur – ideal for blending with Chinese coal
Coal Resources in Central Kalimantan Inferred
: 2,427,890,674 MT
Indicated
: 1,576,837,874 MT
Measured
: 1,353,795,594 MT
Total
: 5,358,524,142 MT
Source: Central Kalimantan Government
Coal Logistics Network from Buntok Baru to Taboneo Transshipment Port
32
Synergies between coal, petroleum, and logistics Key Strategies: 1. Mine and distribute coal from Own mines in a cost effective way 2. Synergize with Petroleum distribution business 3. Develop hauling roads, coal terminals for own use and also generate 3rd parties logistics income 4. Opportunity to buy coal directly from surrounding mine sites 5. Explore opportunities to acquire undervalued coal concessions surrounding AKR coal logistics network 6. Market coal to China through AKR Coal Terminal in Guigang River Ports: • Blend with high sulfur Chinese coal and sell as environmentally friendly coal • Increase coal handled in AKR Coal Terminal in China
Linking the world’s largest thermal coal exporter with the world’s largest consumer of coal
Coal Mining
Hauling Road
Indonesia coal terminal 33
Guigang Coal Terminals
2011 – Year of Profitable growth in Trading and Distribution
34
9M 2011 Financial performance Strong core net profit and revenue growth in 9M 2011 driven by strong petroleum performance
Consolidated Income Statement (IDR billion) Sales Cost Of Goods Sold Gross profit Operating expense Operating profit Interest expense Forex gain (loss) Other income (expense) Earning Before Tax Tax Earning before minority interest Minority interest Net income Extraordinary items Net income including extraordinary items Gross margin Operating margin Net margin
9M11 9M10 % increase 14,383 8,538 68.5% 13,626 7,858 757 680 11.3% 291 360 466 320 45.4% -28 -83 80 57 38 22 556 317 75.6% -112 -58 444 258 71.8% 13 -33 456 225 102.4% 1,683 0 2,139 225 849.4% 5.3% 3.2% 3.2%
8.0% 3.8% 2.6%
Performance of Trading and Distribution Business
Income Statement (IDR billion) Sales Cost Of Goods Sold Gross profit Operating expense Operating profit Interest expense Forex gain (loss) Other income (expense) Earning Before Tax Tax Earning before minority interest Minority interest Net income gross margin operating margin net margin
35
9M11 9M10 % increase 13,594 6,685 103.4% 12,996 6,389 597 296 102.2% 180 133 418 162 157.3% -4 -43 78 53 46 5 537 178 202.0% -101 -31 436 147 196.5% 0 0 436 147 196.5% 4.4% 4.4% 3.1% 2.4% 3.2% 2.2%
Top line driven Strong growth performance in all segments reported during 9M 2011 drives profitability
Products Trading and Distribution Petroleum Basic Chemicals Logistics - General & Bulk BU, UEPN, & ADH AGP & AGTP Logistics - Container Indonesia GGACP Manufacturing Aruki Khalista Coal Trading
Unit
9M11
KL MT
1,589,339 905,242
950,691 826,848
67.2% 9.5%
MT MT
6,925,268 2,604,167
5,376,498 3,228,106
28.8% -19.3%
TEUs TEUs
108,061 58,795
143,070 33,142
-24.5% 77.4%
MT MT MT
66,835 69,226 17,742
53,346 46,817 12,534
25.3% 47.9% 41.5%
36
9M10
% increase
Strong balance sheet to fund growth Balance sheet as at September 30, 2011 compared to June 30, 2011 and Dec 31, 2010 Consolidated Balance Sheet (IDR billion) Current asset Cash Trade receivable Other receivable Inventory Prepaid expense Other current asset Noncurrent asset Fixed asset Other noncurrent asset Total asset Current liabilities Trade payable Other payable Advance received Accrued expense Short-term loan Other short-term liabilities Long-term liabilities Long-term loan Other long-term liabilities Minority interest Equity Capital Retained earning Total liabilities and equity
30-Sep-11 30-Jun-11 31-Dec-10
Working Capital Turnover 70
1,334 2,198 92 1,181 309 54
1,591 2,192 79 947 358 138
716 1,607 79 1,425 78 125
66 60 50 42
40 30
24
20
2,370 571 8,109
2,314 496 8,115
3,038 600 7,666
10 0 3M10
6M10
9M10
Receivable Days
3,269 150 24 124 155 129
2,688 133 92 133 123 137
1,967 188 11 141 1,441 95
826 62 188
836 57 188
880 82 472
1,114 2,069 8,109
1,076 2,652 8,115
1,173 1,213 7,666
37
12M10
3M11
Inventory Days
6M11
9M11
Payable Days
Net Gearing 1.1
0.8
0.7
0.7
3Q10
4Q10
0.6
4Q09
1Q10
2Q10
1Q11
2Q11
-0.2
-0.2
3Q11 -0.1
Key financial ratio Ratios profitability gross margin operating margin net margin Return On Asset * Return On Equity *
Unit % % % % %
asset management * total asset turnover receivable period inventory period payable period cash conversion cycle leverage current ratio asset / equity net gearing times interest earned * Annualized 38
9M11
9M10
5.3% 3.2% 3.2% 7.5% 19.1%
8.0% 3.8% 2.6% 4.2% 12.6%
x days days days days
2.4 42 24 66 0
1.6 54 38 54 37
x x x x
1.3 2.5 -0.1 81.9
1.1 3.0 0.7 4.8
Consistent payout of dividend Consistent dividend payout ratio above 30% in the last 7 years.
Cash Dividend per Share (Rp)(1) 8 12 13 19 21 25 32 335(2)
Year 2004 2005 2006 2007 2008 2009 2010 2011
(1) adjusted with a 1: 5 stock split
140 120 100 80 60 40 20 -
Total Dividend (Rp Mn) 24,960 37,440 40,560 59,379 65,633 94,591 122,289 1,276,355
(%)
Historical Cash Dividend Payment 122
Consistent Payout Ratio
40%
95 35% 59 25
37
Payout Ratio 32.8% 31.4% 31.7% 31.0% 31.2% 34.4% 39.3% - na -
(2) Interim dividend. Including Interim Dividend II of Rp 200/share paid on 8 September 2011 (Cum Date is on 22 August 2011)
(3) 6M 2011 Net Profit
(Rp Bio)
Net Profits (Rp Mn) 76,117 119,289 128,084 191,208 210,033 274,718 310,916 1,958,263(3)
66
41
39%
34% 33% 31%
32%
31%
31%
2005
2006
2007
2008
30% 25%
2004
2005
2006
2007
2008
2009
2004
2010
39
2009
2010
Outlook 2012
40
Consolidated Revenue 2010 - 2012
Revenue (IDR billion) 12,195
Year 2010
YOY Growth
2011 E
18,589
52%
2012 B
24,970
34%
Consolidated Revenue (in IDR billion)
rs CA 6 Yea
3,970
2006
) 012 B 2 6 00 GR ( 2
24,970
% of 36 18,589 12,195
9,476
8,960
2008
2009
5,895
2007
2010
2011 E
The figures for 2011 are subject to audit. Read Disclaimer
41
2012 B
Consolidated Net Income Estimates Net Income (IDR billion) 311
Year 2010
YOY Growth
2011 E
610
96%
2012 B
735
20%
Consolidated Net Profit (in IDR billion)
735 610
128
2006
f 34% o ) B - 2012 6 0 0 2 ( 311 CAGR s 275 r a e Y 6 210 191
2007
2008
2009
2010
2011 E
2012 B
Note : 2011 Net Profit Estimate not including Extraordinary gain of Rp 1,683 Billion The figures for 2011 are subject to audit. Read Disclaimer
42
Revenue Projection 2011 and 2012 Petroleum Sales Value (IDR billion)
Chemicals Sales Value (IDR billion) 3,031
19,574
2,525
14,637
1,934
7,477
2,010
2011 E
Sales Value Coal
2012 B
2,010
2011 E
Sales Value Aruki (IDR billion)
AKR (IDR billion)
Sales Value Khalista (IDR billion)
380
366 788
239
2012 B
439
459
2011 E
2012 B
288
5
0
0
2,010
2011 E
2012 B
2,010
2011 E
2012 B
The figures for 2011 are subject to audit. Read Disclaimer
43
2,010
Capex Plans 2012 Company AKR
Amount (IDR Million) 945,623
UEPN
150,000
ARUKI
13,529
JTT
13,515
GGACP
36,232
AGTP
79,346
Total Exchange rates: USD RMB Note : Excludes Capex and Investments of AKR Coal
1,238,245 8,700 1,400 44
Capex 2012 AKR BU PT AKR CORPORINDO, Tbk Budget Capital Expenditure 2012 Sl
Particulars
Budget Rp Million
1 AKRA 30- OIL BARGE
17,850
2 AKRA 60- TUG BOAT
10,150
3 AKRA 50- SPOB
17,500
4 H2SO4 Project - Surabaya
31,794
5 LAB and methanol Methanol - Surabaya
39,354
6 HCL Project - Surabaya
61,562
7 Capex for Buntok Baru, Teluk Timbau, and Bitung, Surabaya Jetty 8 Tanker and Inland Transportation
500,000 90,000
9 Palaran
150,000
10 Furniture, Office, Equipment
27,413
Total
945,623
11 UEPN : - HMC, Port equipment
150,000
AKR BU
1,095,623
45
Thank you Please visit us at www.akr.co.id Mailing address: PT AKR Corporindo Tbk. Wisma AKR, 6-8th Floor Jl. Panjang no.5, Kebon Jeruk Jakarta 11530 Indonesia Contacts: V Suresh Director AKR Corporindo Tbk. e-mail
[email protected] ph +62 21 531 1177
Disclaimer: This communication is solely for the addressees) and may contain confidential or privileged information. This publication does not have regard to specific investment objectives, financial situation and the particular needs of any specific person or entity who may receive this report. Accordingly, neither we nor any of our affiliates nor persons related to us accept any liability whatsoever for any direct, indirect or consequential losses or damages that may arise from the use of information or opinions in this publication. Many factors, including those discussed more fully elsewhere in this release and in PT AKR Corporindo Tbk Or its affiliates' filings with the respective regulatory authorities particularly their quarterly financial statements, annual reports, corporate presentations as well as others, could cause results to differ materially from those stated. Opinions expressed may be subject to change without notice. Please contact us if you do not wish to receive these communications in the future.
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