PT Adaro Energy Tbk

In the news

Why Japan finds coal hard to quit Nov 21, 2018
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, 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 2018	IDR	USD
Revenue	51,533.60B	3,619.75M
Gross Profit	17,149.49B	1,204.59M
Operating income	14,467.54B	1,016.20M
Income before tax	11,688.36B	820.99M
Net income	5,946.98B	417.71M
EBITDA	19,626.25B	1,378.55M
Diluted EPS	172.97	0.01
Dividends Per Share	90.15	0.00
Total Assets	101,533.65B	7,060.75M
Total liabilities	39,660.94B	2,758.06M
Total equity	52,492.73B	3,650.39M
Operating cash flow	12,897.24B	905.90M
	Currency in IDR	Currency in USD

Historical Data

IDR | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	39,452.42B	35,964.57B	33,573.40B	43,602.33B	51,533.60B
Gross Profit	8,484.67B	7,219.71B	9,055.03B	15,225.72B	17,149.49B
Operating income	6,581.48B	5,476.29B	7,076.53B	12,817.76B	14,467.54B
Income before tax	3,815.86B	3,750.86B	7,268.93B	12,438.79B	11,688.36B
Net income	2,110.53B	2,042.27B	4,450.59B	6,467.38B	5,946.98B
EBITDA	10,679.46B	9,948.00B	11,653.61B	17,536.04B	19,626.25B
Diluted EPS	61.45	59.48	129.54	188.14	172.97
Dividends Per Share	30.25	31.93	42.40	107.64	90.15
Total Assets	79,435.70B	82,139.70B	87,871.10B	92,450.93B	101,533.65B
Total liabilities	39,067.14B	35,918.00B	36,865.81B	36,937.79B	39,660.94B
Total equity	34,276.84B	39,506.26B	42,390.65B	47,055.75B	52,492.73B
Operating cash flow	7,024.63B	6,853.94B	8,984.73B	11,423.76B	12,897.24B

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	3,325.44M	2,684.47M	2,524.23M	3,258.33M	3,619.75M
Gross Profit	715.17M	538.89M	680.80M	1,137.79M	1,204.59M
Operating income	554.75M	408.76M	532.05M	957.85M	1,016.20M
Income before tax	321.63M	279.97M	546.52M	929.53M	820.99M
Net income	177.89M	152.43M	334.62M	483.29M	417.71M
EBITDA	900.17M	742.54M	876.18M	1,310.44M	1,378.55M
Diluted EPS	0.00	0.00	0.00	0.01	0.01
Dividends Per Share	0.00	0.00	0.00	0.00	0.00
Total Assets	6,413.86M	5,958.62M	6,522.25M	6,814.14M	7,060.75M
Total liabilities	3,154.39M	2,605.58M	2,736.37M	2,722.51M	2,758.06M
Total equity	2,767.61M	2,865.88M	3,146.45M	3,468.26M	3,650.39M
Operating cash flow	592.10M	511.59M	675.52M	853.67M	905.90M

Valuation Measures

Dec 2018
PER	6.53
ROA	6.13%
ROE	11.94%
Operating margin	28.07%
Profit margin	11.54%

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
Chief Legal Officer & Director: M. Syah Indra Aman

Shareholders

PT Adaro Strategic Capital (43.9%)
THOHIR GARIBALDI (6.1%)
SOERYADJAYA EDWIN (3.2%)
RACHMAT THEODORE PERMADI (2.5%)
Dimensional Fund Advisors LP (1.6%)
The Vanguard Group, Inc. (1.4%)
BlackRock Fund Advisors (0.9%)
PT Schroder Investment Management Indonesia (0.3%)
BlackRock Advisors (UK) Ltd. (0.2%)
Canada Pension Plan Investment Board (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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Last Updated on 21 Feb, 2020