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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, Gold & Refinery Operating, Bauxite & Alumina, and Head Office. The Nickel segment consists of ferronickel, and high-grade and low-grade nickel ore. The Gold & Refinery Operating 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 2020 IDRUSD
Revenue27,372.46B1,882.34M
Gross Profit4,685.04B322.18M
Operating income2,418.96B166.34M
Income before tax1,641.17B112.86M
Net income1,149.35B79.03M
EBITDA3,518.29B241.94M
Diluted EPS47.820.00
Dividends Per Share16.730.00
Total Assets31,729.51B2,258.32M
Total liabilities12,690.06B903.20M
Total equity19,039.42B1,355.11M
Operating cash flow2,218.67B152.57M
Currency in IDRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 9,106.26B 12,653.61B 25,275.24B 32,718.54B 27,372.46B
Gross Profit 740,789.28M 1,539.09B 4,636.01B 4,671.91B 4,685.04B
Operating income 3,959.90M 600,606.31M 1,679.20B 1,390.46B 2,418.96B
Income before tax 237,291.59M 454,396.52M 2,013.15B 687,034.05M 1,641.17B
Net income 64,810.32M 136,506.78M 1,636.00B 193,851.14M 1,149.35B
EBITDA 692,468.29M 1,550.06B 2,523.15B 2,500.47B 3,518.29B
Diluted EPS 3 5.68 68.07 8.06 47.82
Dividends Per Share 0 1.99 12.74 2.82 16.73
Total Assets 29,981.53B 30,014.27B 32,195.35B 30,194.90B 31,729.51B
Total liabilities 11,572.74B 11,523.86B 13,746.98B 12,061.48B 12,690.06B
Total equity 18,408.77B 18,490.38B 18,448.34B 18,133.39B 19,039.42B
Operating cash flow 1,102.70B 1,551.12B 2,094.27B 1,965.56B 2,218.67B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 684.66M 945.58M 1,775.34M 2,313.63M 1,882.34M
Gross Profit 55.69M 115.01M 325.63M 330.36M 322.18M
Operating income 0.29M 44.88M 117.94M 98.32M 166.34M
Income before tax 17.84M 33.95M 141.40M 48.58M 112.86M
Net income 4.87M 10.20M 114.91M 13.70M 79.03M
EBITDA 52.06M 115.83M 177.22M 176.81M 241.94M
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Dividends Per Share 0 0.00 0.00 0.00 0.00
Total Assets 2,225.38M 2,212.21M 2,238.89M 2,175.03M 2,258.32M
Total liabilities 858.98M 849.37M 955.97M 868.82M 903.20M
Total equity 1,366.39M 1,362.84M 1,282.91M 1,306.20M 1,355.11M
Operating cash flow 82.90M 115.91M 147.10M 138.99M 152.57M

Valuation Measures

Dec 2020
PER40.45
ROA3.71%
ROE6.18%
Operating margin8.83%
Profit margin4.19%

Key executives

  • President Director: Dana Amin
  • Director-Operations & Business Development: Risono
  • Finance Director: Anton Herdianto
  • VP-Information & Communication Technology: Zakri Muhammad
  • Secretary & Senior Vice President: Yulan Kustiyan

Shareholders

  • Government of Indonesia (65.2%)
  • Djs Ketenagakerjaan Program Jht (2.1%)
  • BPJS Ketenagakerjaan (1.4%)
  • PT Schroder Investment Management Indonesia (1.2%)
  • The Vanguard Group, Inc. (1.1%)
  • BlackRock Fund Advisors (0.9%)
  • Norges Bank Investment Management (0.6%)
  • PT Sucorinvest Asset Management (0.5%)
  • PT Manulife Aset Manajemen Indonesia (0.5%)
  • Government of Norway (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
  • Freeport-McMoRan, Inc.
  • PT United Tractors Tbk
  • Alumina Limited
  • Nickel Asia Corp.
Last Updated on 4 Aug, 2021

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