PT Adaro Energy Tbk

In the news

Falling commodity prices deal blow to Asia's oil and metals companies Apr 3, 2020
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

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, 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 2019	IDR	USD
Revenue	48,889.73B	3,457.15M
Gross Profit	13,440.85B	950.44M
Operating income	10,248.41B	724.69M
Income before tax	9,320.77B	659.10M
Net income	5,715.89B	404.18M
EBITDA	16,073.63B	1,136.61M
Diluted EPS	166.30	0.01
Dividends Per Share	--	--
Total Assets	100,191.46B	7,217.10M
Total liabilities	44,891.97B	3,233.71M
Total equity	51,782.72B	3,730.07M
Operating cash flow	12,971.86B	917.28M
	Currency in IDR	Currency in USD

Historical Data

IDR | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	35,964.57B	33,573.40B	43,602.33B	51,533.60B	48,889.73B
Gross Profit	7,219.71B	9,055.03B	15,225.72B	17,149.49B	13,440.85B
Operating income	5,476.29B	7,076.53B	12,817.76B	14,467.54B	10,248.41B
Income before tax	3,750.86B	7,268.93B	12,438.79B	11,688.36B	9,320.77B
Net income	2,042.27B	4,450.59B	6,467.38B	5,946.98B	5,715.89B
EBITDA	9,948.00B	11,653.61B	17,536.04B	19,626.25B	16,073.63B
Diluted EPS	59.48	129.54	188.14	172.97	166.30
Dividends Per Share	31.93	42.40	107.64	90.15	--
Total Assets	82,139.70B	87,871.10B	92,450.93B	101,533.65B	100,191.46B
Total liabilities	35,918.00B	36,865.81B	36,937.79B	39,660.94B	44,891.97B
Total equity	39,506.26B	42,390.65B	47,055.75B	52,492.73B	51,782.72B
Operating cash flow	6,853.94B	8,984.73B	11,423.76B	12,897.24B	12,971.86B

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	2,684.47M	2,524.23M	3,258.33M	3,619.75M	3,457.15M
Gross Profit	538.89M	680.80M	1,137.79M	1,204.59M	950.44M
Operating income	408.76M	532.05M	957.85M	1,016.20M	724.69M
Income before tax	279.97M	546.52M	929.53M	820.99M	659.10M
Net income	152.43M	334.62M	483.29M	417.71M	404.18M
EBITDA	742.54M	876.18M	1,310.44M	1,378.55M	1,136.61M
Diluted EPS	0.00	0.00	0.01	0.01	0.01
Dividends Per Share	0.00	0.00	0.00	0.00	--
Total Assets	5,958.62M	6,522.25M	6,814.14M	7,060.75M	7,217.10M
Total liabilities	2,605.58M	2,736.37M	2,722.51M	2,758.06M	3,233.71M
Total equity	2,865.88M	3,146.45M	3,468.26M	3,650.39M	3,730.07M
Operating cash flow	511.59M	675.52M	853.67M	905.90M	917.28M

Valuation Measures

Dec 2019
PER	8.69
ROA	5.66%
ROE	10.96%
Operating margin	20.96%
Profit margin	11.69%

Key executives

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

Shareholders

PT Adaro Strategic Capital (43.9%)
THOHIR GARIBALDI (6.1%)
SOERYADJAYA EDWIN (3.2%)
RACHMAT THEODORE PERMADI (2.5%)
Dimensional Fund Advisors LP (1.5%)
The Vanguard Group, Inc. (1.4%)
BlackRock Fund Advisors (0.8%)
Canada Pension Plan Investment Board (0.2%)
SUBIANTO ARINI SARASWATY (0.2%)
BlackRock Advisors (UK) Ltd. (0.2%)

Contact Details

Website:http://www.adaro.com
Address: Menara Karya, Jalan H. R. Rasuna Said Block X-5, Jakarta, 12950, Indonesia
Phone: +62.21.2553.3000

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Competitors

PT Bukit Asam Tbk
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Peabody Energy Corporation

Last Updated on 29 May, 2020