Asia300

PT Adaro Energy Tbk

Indonesia

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May 26, 2017
Prev close: 1,485
May 26, 2017
Market cap:
Market cap(USD):
47,499.2B
3,572.71M
Shares: 31,986M

Currency in IDR

Company profile

Market(Ticker): JKT(ADRO)
Sector:
Industry:
Energy Minerals
Coal
Full time employees: 7,923

Business summary

PT Adaro Energy Tbk engages in the integrated coal mining, mining services and logistics, and power businesses through its subsidiaries. It operates through the following segments: Coal Mining and Trading, Mining Services, Logistics, and Others. The Coal Mining and Trading segment produces and distributes thermal coal. The Mining Services segment provides exploration, drilling, transportation, logistical support, and overburden mining removal services. The Logistics and Others segment focuses on coal terminal operations, barging and ship loading, channel dredging, and maintenance contracting activities. The company was founded on July 28, 2004 and is headquartered in Jakarta, Indonesia.

Company background

Adaro Energy is Indonesia's second-largest coal miner by production volume and largest by market capitalization. The company owns mines in South Kalimantan Province and produced more than 50 million tons of coal in 2013.

Adaro started commercial production in the early 1990s and was acquired by a group of businessmen in 2005. The group included Edwin Soeryadjaya and Garibaldi Thohir, both of whom are sons of the co-founders of Astra International, one of Indonesia's largest conglomerates. After taking Adaro public in 2008, the group of investors merged most of their share ownerships into a single entity, Adaro Strategic Investments, which currently controls more than 40% of total shares. Soeryadjaya serves as Adaro's president commissioner and Thohir as president director & CEO.

In 2011, Adaro joined a consortium of Japanese companies to build one of the largest coal-fired power plants in Asia. But the $4 billion project has since been delayed due to opposition by land owners and environmental groups.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 33,573.40B
Gross profit 9,055.03B
Operating income 7,076.53B
Income before tax 7,268.93B
Net income 4,450.59B
EBITDA 11,653.61B
Diluted EPS 129.54
Dividends per share 42.40
Total assets 87,871.10B
Total liabilities 36,865.81B
Total equity 42,390.65B
Operating cash flow 8,984.73B

Currency in IDR

Revenue 2,524.23M
Gross profit 680.80M
Operating income 532.05M
Income before tax 546.52M
Net income 334.62M
EBITDA 876.18M
Diluted EPS 0.00
Dividends per share 0.00
Total assets 6,522.25M
Total liabilities 2,736.37M
Total equity 3,146.45M
Operating cash flow 675.52M

Currency in USD

Valuation measures

Dec 2016

PER 12.18
ROA 5.23%
ROE 10.86%
Operating margin 21.07%
Profit margin 13.25%

Key executive

  • President Director & Chief Executive Officer: Garibaldi Thohir
  • Chief Operating Officer & Director: Ah Hoo Chia
  • Chief Financial Officer & Director: David Tendian
  • Chief Human Resources General Affairs: Julius Aslan
  • Vice President Director & Deputy CEO: Christian Ariano Rachmat

Share holders

  • PT Adaro Strategic Investments(43.9%)
  • THOHIR GARIBALDI(6.1%)
  • SOERYADJAYA EDWIN(3.2%)
  • RACHMAT THEODORE PERMADI(2.5%)
  • Dimensional Fund Advisors LP(1.7%)
  • The Vanguard Group, Inc.(1.3%)
  • BlackRock Fund Advisors(0.8%)
  • APG Asset Management NV(0.3%)
  • BlackRock Advisors (UK) Ltd.(0.2%)
  • Trilogy Global Advisors LP(0.2%)

Address

  • Website: http://www.adaro.com
  • Address: Menara Karya, 23rd Floor, Jalan H. R. Rasuna Said Block X-5, Jakarta, 12950, Indonesia
  • Phone: +62.21.521.1265

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