PT Adaro Energy Tbk

1,830.00 IDR
+50.00
+2.81%

Indonesia
Aug 16, 2018
Ticker
JKT(ADRO)
Prev. close
1,780
Market cap (IDR)
56,935.01B
Market cap (USD)
3,896.98M
Shares
31,985.96M

In the news

Resources stocks lift Nikkei Asia300 Index after oil climbs Apr 19, 2018
Indonesia's Adaro Energy to buy Rio Tinto coal mine for $2.25bn Mar 28, 2018
CEO in the news: Coal is still king for Adaro Energy's chief Dec 21, 2017
Indonesia's coal king stands firm amid clean-energy challenges Dec 15, 2017
Indonesia's new mining conglomerate is ready to compete globally Dec 7, 2017

See more articles on PT Adaro Energy Tbk

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.

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.

Financial Highlights

Dec 2017	IDR	USD
Revenue	43,602.33B	3,258.33M
Gross Profit	15,225.72B	1,137.79M
Operating income	12,817.76B	957.85M
Income before tax	12,438.79B	929.53M
Net income	6,467.38B	483.29M
EBITDA	17,536.04B	1,310.44M
Diluted EPS	188.14	0.01
Dividends Per Share	107.64	0.00
Total Assets	92,450.93B	6,814.14M
Total liabilities	36,937.79B	2,722.51M
Total equity	47,055.75B	3,468.26M
Operating cash flow	11,423.76B	853.67M
	Currency in IDR	Currency in USD

Historical Data

IDR | USD

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	34,323.13B	39,452.42B	35,964.57B	33,573.40B	43,602.33B
Gross Profit	7,745.30B	8,484.67B	7,219.71B	9,055.03B	15,225.72B
Operating income	5,966.52B	6,581.48B	5,476.29B	7,076.53B	12,817.76B
Income before tax	4,432.62B	3,815.86B	3,750.86B	7,268.93B	12,438.79B
Net income	2,444.46B	2,110.53B	2,042.27B	4,450.59B	6,467.38B
EBITDA	8,968.24B	10,679.46B	9,948.00B	11,653.61B	17,536.04B
Diluted EPS	71.15	61.45	59.48	129.54	188.14
Dividends Per Share	28.21	30.25	31.93	42.40	107.64
Total Assets	81,489.72B	79,435.70B	82,139.70B	87,871.10B	92,450.93B
Total liabilities	42,859.79B	39,067.14B	35,918.00B	36,865.81B	36,937.79B
Total equity	32,663.97B	34,276.84B	39,506.26B	42,390.65B	47,055.75B
Operating cash flow	7,540.78B	7,024.63B	6,853.94B	8,984.73B	11,423.76B

	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017
Revenue	3,285.14M	3,325.44M	2,684.47M	2,524.23M	3,258.33M
Gross Profit	741.32M	715.17M	538.89M	680.80M	1,137.79M
Operating income	571.06M	554.75M	408.76M	532.05M	957.85M
Income before tax	424.25M	321.63M	279.97M	546.52M	929.53M
Net income	233.96M	177.89M	152.43M	334.62M	483.29M
EBITDA	858.37M	900.17M	742.54M	876.18M	1,310.44M
Diluted EPS	0.00	0.00	0.00	0.00	0.01
Dividends Per Share	0.00	0.00	0.00	0.00	0.00
Total Assets	6,695.95M	6,413.86M	5,958.62M	6,522.25M	6,814.14M
Total liabilities	3,521.75M	3,154.39M	2,605.58M	2,736.37M	2,722.51M
Total equity	2,683.97M	2,767.61M	2,865.88M	3,146.45M	3,468.26M
Operating cash flow	721.74M	592.10M	511.59M	675.52M	853.67M

Valuation Measures

Dec 2017
PER	9.19
ROA	7.17%
ROE	14.46%
Operating margin	29.39%
Profit margin	14.83%

Key executives

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

Shareholders

PT Adaro Strategic Investments (43.9%)
THOHIR GARIBALDI (6.1%)
SOERYADJAYA EDWIN (3.2%)
RACHMAT THEODORE PERMADI (2.5%)
Dimensional Fund Advisors LP (1.6%)
Estate Of Sumodikoro Subianto Arpan (1.3%)
The Vanguard Group, Inc. (1.3%)
BlackRock Fund Advisors (0.8%)
APG Asset Management NV (0.4%)
BlackRock Advisors (UK) Ltd. (0.2%)

Contact Details

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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Competitors

Geo Energy Resources Ltd.
Golden Energy & Resources Limited
PT Bukit Asam Tbk
Cokal Limited
Banpu Public Co. Ltd.
PT Indo Tambangraya Megah Tbk
Vale S.A.

Last Updated on 16 Aug, 2018

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PT Adaro Energy Tbk

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