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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 & Alumina. 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 & 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 2021 IDRUSD
Revenue38,445.59B2,689.46M
Gross Profit7,539.62B527.43M
Operating income4,021.41B281.31M
Income before tax3,043.50B212.90M
Net income1,861.74B130.23M
EBITDA4,920.63B344.22M
Diluted EPS77.470.00
Dividends Per Share38.730.00
Total Assets32,916.15B2,309.50M
Total liabilities12,079.05B847.50M
Total equity20,837.08B1,461.99M
Operating cash flow5,042.66B352.76M
Currency in IDRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 12,653.61B 25,275.24B 32,718.54B 27,372.46B 38,445.59B
Gross Profit 1,539.09B 4,636.01B 4,671.91B 4,685.04B 7,539.62B
Operating income 600,606.31M 1,679.20B 1,390.46B 2,418.96B 4,021.41B
Income before tax 454,396.52M 2,013.15B 687,034.05M 1,641.17B 3,043.50B
Net income 136,506.78M 1,636.00B 193,851.14M 1,149.35B 1,861.74B
EBITDA 1,550.06B 2,523.15B 2,500.47B 3,518.29B 4,920.63B
Diluted EPS 5.68 68.07 8.06 47.82 77.47
Dividends Per Share 1.99 12.74 2.82 16.73 38.73
Total Assets 30,014.27B 32,195.35B 30,194.90B 31,729.51B 32,916.15B
Total liabilities 11,523.86B 13,746.98B 12,061.48B 12,690.06B 12,079.05B
Total equity 18,490.38B 18,448.34B 18,133.39B 19,039.42B 20,837.08B
Operating cash flow 1,551.12B 2,094.27B 1,965.56B 2,218.67B 5,042.66B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 945.58M 1,775.34M 2,313.63M 1,882.34M 2,689.46M
Gross Profit 115.01M 325.63M 330.36M 322.18M 527.43M
Operating income 44.88M 117.94M 98.32M 166.34M 281.31M
Income before tax 33.95M 141.40M 48.58M 112.86M 212.90M
Net income 10.20M 114.91M 13.70M 79.03M 130.23M
EBITDA 115.83M 177.22M 176.81M 241.94M 344.22M
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Dividends Per Share 0.00 0.00 0.00 0.00 0.00
Total Assets 2,212.21M 2,238.89M 2,175.03M 2,258.32M 2,309.50M
Total liabilities 849.37M 955.97M 868.82M 903.20M 847.50M
Total equity 1,362.84M 1,282.91M 1,306.20M 1,355.11M 1,461.99M
Operating cash flow 115.91M 147.10M 138.99M 152.57M 352.76M

Valuation Measures

Dec 2021
PER29.04
ROA5.75%
ROE9.33%
Operating margin10.46%
Profit margin4.84%

Key executives

  • President Director: Nicolas D. Kanter
  • Operations Director & Director: I Dewa Wirantaya
  • Director & Director-Finance & Risk Management: Elisabeth R. T. Siahaan
  • Director-Business Development & Director: Dolok Robert Silaban
  • Director-Human Resources & Director: Basar Simanjuntak

Shareholders

  • Government of Indonesia (65.2%)
  • PT Schroder Investment Management Indonesia (1.2%)
  • The Vanguard Group, Inc. (1.1%)
  • BlackRock Fund Advisors (0.8%)
  • PT Indo Premier Securities (Investment Management) (0.4%)
  • Candriam Belgium SA (0.3%)
  • Axiom Investors LLC (0.2%)
  • Norges Bank Investment Management (0.2%)
  • Lombard Odier (Hong Kong) Ltd. (0.2%)
  • Baillie Gifford & Co. (0.2%)

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

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Competitors

  • Nickel Asia Corp.
  • Nickel Industries Limited
Last Updated on 4 Oct, 2022

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