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Non-Energy Minerals

PT Aneka Tambang Tbk

Company Background

Aneka Tambang, known as Antam, is a state-owned diversified mining company. It is Indonesia's largest producer of nickel, which is used for car components and kitchen utensils. The company also produces gold, silver and bauxite.

Antam has seen sales and profits plunge since Indonesia in January banned nickel ore exports. The company has since agreed with Freeport Indonesia, the local unit of U.S. based Freeport-McMoRan, to develop a copper-processing plant in Indonesia. Antam has also pushed efforts to expand its gold unit, but the business has been hit by softening prices.

Company Chairman R. Sukhyar is also the director general for coal and mineral resources at Indonesia's Ministry of Energy and Mineral Resources. At his government post, Sukhyar issues operating permits and fleshes out regulations. Tato Miraza, who joined Antam in 1992, was appointed president in 2013. The Indonesian government owns about 65% of Antam's shares.

Business Summary

PT Aneka Tambang Tbk engages in the exploration, exploitation, processing, refining, and marketing of minerals, precious metals, and coal. It operates through the following segments: Nickel, Precious Metals and Refinery, Bauxite and Alumina, and Head Office. The Nickel segment consists of ferronickel, and high-grade and low-grade nickel ore. The Precious Metals and Refinery segment comprises of gold, silver mining, processing, refining and marketing as well precious metals refining services. The Bauxite and Alumina segment operates the bauxite mine in Tayan, West Kalimantan; and produces ANTAM coal in Sarolangun mine in Jambi. The Head Office segment records financial income and expenses, income tax expenses, and other earnings and expenses. The company was founded on July 5, 1968 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2019 IDRUSD
Revenue32,718.54B2,313.63M
Gross Profit4,671.91B330.36M
Operating income1,390.46B98.32M
Income before tax687,034.05M48.58M
Net income193,851.14M13.70M
EBITDA2,500.47B176.81M
Diluted EPS8.060.00
Dividends Per Share2.820.00
Total Assets30,194.90B2,175.03M
Total liabilities12,061.48B868.82M
Total equity18,133.39B1,306.20M
Operating cash flow1,965.56B138.99M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 10,531.50B 9,106.26B 12,653.61B 25,275.24B 32,718.54B
Gross Profit 124,211.06M 740,789.28M 1,539.09B 4,636.01B 4,671.91B
Operating income -701,438.52M 3,959.90M 600,606.31M 1,679.20B 1,390.46B
Income before tax -1,668.77B 237,291.59M 454,396.52M 2,013.15B 687,034.05M
Net income -1,440.85B 64,810.32M 136,506.78M 1,636.00B 193,851.14M
EBITDA 67,943.10M 692,468.29M 1,550.06B 2,523.15B 2,500.47B
Diluted EPS -120 3 5.68 68.07 8.06
Dividends Per Share 0 0 1.99 12.74 2.82
Total Assets 30,356.85B 29,981.53B 30,014.27B 32,195.35B 30,194.90B
Total liabilities 12,040.13B 11,572.74B 11,523.86B 13,746.98B 12,061.48B
Total equity 18,316.69B 18,408.77B 18,490.38B 18,448.34B 18,133.39B
Operating cash flow 715,077.23M 1,102.70B 1,551.12B 2,094.27B 1,965.56B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 786.09M 684.66M 945.58M 1,775.34M 2,313.63M
Gross Profit 9.27M 55.69M 115.01M 325.63M 330.36M
Operating income -52.35M 0.29M 44.88M 117.94M 98.32M
Income before tax -124.56M 17.84M 33.95M 141.40M 48.58M
Net income -107.54M 4.87M 10.20M 114.91M 13.70M
EBITDA 5.07M 52.06M 115.83M 177.22M 176.81M
Diluted EPS -0.00 0.00 0.00 0.00 0.00
Dividends Per Share 0 0 0.00 0.00 0.00
Total Assets 2,202.16M 2,225.38M 2,212.21M 2,238.89M 2,175.03M
Total liabilities 873.42M 858.98M 849.37M 955.97M 868.82M
Total equity 1,328.74M 1,366.39M 1,362.84M 1,282.91M 1,306.20M
Operating cash flow 53.37M 82.90M 115.91M 147.10M 138.99M

Valuation Measures

Dec 2019
PER104.13
ROA0.62%
ROE1.05%
Operating margin4.24%
Profit margin0.59%

Key executives

  • President Director: Dana Amin
  • Director-Operations & Production: Hartono
  • Finance Director: Anton Herdianto
  • VP-Information & Communication Technology: Zakri Muhammad
  • Vice President-Legal & Compliance: Rusdi Irwanto

Shareholders

  • Government of Indonesia (65.2%)
  • Djs Ketenagakerjaan Program Jht (2.1%)
  • PT Taspen (1.8%)
  • BPJS Ketenagakerjaan (1.4%)
  • The Vanguard Group, Inc. (1.1%)
  • Dimensional Fund Advisors LP (1.0%)
  • Reksa Dana Sucorinvest Equity Fund (0.9%)
  • WONOWIDJOJO JUNI SETIAWATI /ANEKA/ (0.6%)
  • BlackRock Fund Advisors (0.6%)
  • Norges Bank Investment Management (0.5%)

Contact Details

  • Website:http://www.antam.com
  • Address: Gedung Aneka Tambang Tower A, Jalan Letjen T. B. Simatupang No. 1, Jakarta, 12530, Indonesia
  • Phone: +62.21.789.1234

Related Companies

  • PT Menara Antam Sejahtera
  • PT Antam Niterra Haltim
  • Aceros Coyote SA de CV
  • PT International Mineral Capital
  • Asia Pacific Nickel Pty Ltd.
  • PT Dwimitra Enggang Khatulistiwa
  • PT Indonesia Chemical Alumina
  • PT Mega Citra Utama
  • PT Antam Resourcindo
  • PT Cibaliung Sumberdaya

Competitors

  • Kingsgate Consolidated Limited
  • Newcrest Mining Limited
  • Freeport-McMoRan, Inc.
  • PT Astra International Tbk
  • Nickel Asia Corp.
Last Updated on 30 Sep, 2020

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