PT Exploitasi Energi Indonesia Tbk.
Indonesia’s Integrated Energy Provider
Presentation , September 2013
Strictly Private ...
Executive Summary
2
An Integrated Domestic Energy Provider1
Cost Synergy throughout Chain Operations4
Secured Supply throu...
Business Model
3
EEI
Power Plant
State-owned
Company
(PLN)
Coal Concessions
Electricity
Supply
Coal
Supply
PPA
Contract
Co...
CURRENTBUSINESS
VERTICALLY INTEGRATED ENERGY PLAYER
Company Overview
4
  Six coal concessions in Central
and South Kaliman...
Five Years Profitability Projections (All in US$ Million)
169
309
430
556
607
47
104
147
225
262
30
76
109
175
203
29
68
9...
Competitive Advantages as an Integrated Energy Player
6
Coal Mining
Trading, Logistics
& Infrastructure
PLN Off-take
Elect...
Delivery to power plants,
PLN or mother vessels
Division Trading, Infrastructure and Logistics
7
Coal
Concession
CONVEYOR ...
Coal Terminal Development Plan
CRUSHER
(Existing)
UPGRADING TDGP COAL TERMINAL (45 ha land)
JETTY
(Existing)
CRUSHER
(Exis...
9
Division Power Plant : PLN Offtake Contract Provides Stable Profit Margin
  Contract advantage: the passthrough coal pri...
Appendix
10
Coal Overview
Coal Production / Consumption Overview
Power Demand in Indonesia
Industrial
57 TWh
29%
Residential
&
commercial
115 TWh
58%
System
losses
26 TWh
13%
0
50
100
150
200
250
300
350
2012
2013...
Available capacity by region (2012 – 2020) Crash Build I Capacity by Region
0
10
20
30
40
50
60
70
2012
2013
2014
2015
201...
Crash Build II Capacity by ownership and region Crash Build II by Fuel Type
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
IP...
Grid Power Generation by Fuel (2012 – 2020)
0
50
100
150
200
250
300
350
2012
2013
2014
2015
2016
2017
2018
2019
2020
Grid...
Indonesian Planning map for Grid and supply of electricity
1
32
Export electricity
Export electricity
Thank You
Henry halomoan sitanggang
Henry halomoan sitanggang
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Henry halomoan sitanggang

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delivered the presentation at IMM’s 2014 Kalimantan Coal Conference.

The IMM’s Kalimantan Coal Conference brings together 120+ senior executives, decision makers from government, mining, infrastructure, shipping and supply sectors to discuss new policies and strategies for tackling the current and emerging issues within the burgeoning Kalimantan coal sector.

For more information about the event, please visit: http://www.immevents.com/kalicoalconference13

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Henry halomoan sitanggang

  1. 1. PT Exploitasi Energi Indonesia Tbk. Indonesia’s Integrated Energy Provider Presentation , September 2013 Strictly Private & Confidential
  2. 2. Executive Summary 2 An Integrated Domestic Energy Provider1 Cost Synergy throughout Chain Operations4 Secured Supply through Owning Coal Concessions3 Strong Earnings Stability amid Coal Price Volatility2 Secured Revenues through Long Term PLN Offtake Contract5 Strongly Positive Regulatory Environment6 One of Indonesia’s integrated energy companies
  3. 3. Business Model 3 EEI Power Plant State-owned Company (PLN) Coal Concessions Electricity Supply Coal Supply PPA Contract Coal Contract   EEI Business model provides both coal and electricity to domestic market (PLN) under long term offtake contract   Long term contracts assure revenue and margin stability unlike other pure-coal play companies
  4. 4. CURRENTBUSINESS VERTICALLY INTEGRATED ENERGY PLAYER Company Overview 4   Six coal concessions in Central and South Kalimantan   Est. combined resources of over 300 million MT and reserves of over 200 million MT COAL MINING   Three coal terminals with processing capacity up to 3.5 million MT annually   Operates 18 coal tug and barge units to transport up to 3.1 million MT annually   Majority trading is to fulfill supply agreements with PLN COAL TRADING, LOGISTICS & TRANSPORT   Three coal-fired power plants with total installed capacity of 42 MW in Kalimantan and Sumatra   PLN agreements for 25 years until year 2036 – 2038   E n t e r e d A g r e e m e n t s f o r combined capacity of 12 MW of hydro and 130 MW of coal plants POWER GENERATION EEI is listed on the IDX (ticker code:CNKO) since 2001, has completed US$ 245 million Rights Offering in January 2013 to arrive at US$ 364 million market capitalization company
  5. 5. Five Years Profitability Projections (All in US$ Million) 169 309 430 556 607 47 104 147 225 262 30 76 109 175 203 29 68 92 147 162 10 33 47 91 106 2013 E 2014 E 2015 E 2016 E 2017 E Revenue Gross Profit EBITDA EBIT NI
  6. 6. Competitive Advantages as an Integrated Energy Player 6 Coal Mining Trading, Logistics & Infrastructure PLN Off-take Electricity Sale   Security of coal supply   Increased production to satisfy contracts with assured off-take   Increased trading and logistics capacity   Ability to blend, wash and dry aggregates domestic coal and export   Infrastructure play   Long term revenue stability   Assured profit margin
  7. 7. Delivery to power plants, PLN or mother vessels Division Trading, Infrastructure and Logistics 7 Coal Concession CONVEYOR CRUSHER STOCKPILE COAL WASHING PLANT COAL TERMINALS (EEI, TDGP and KGB) Coal terminal facilities to serve other coal companies & EEI Coal delivery flow through river or roads 2 Coal Concession Coal Concession Coal Concession Coal Concession Coal Concession 3 1 TUGBOATS & BARGES (TLS)   EEI is able to ensure chain operations and increase profitability through trading   Fixed revenue from surrounding dependent concessions
  8. 8. Coal Terminal Development Plan CRUSHER (Existing) UPGRADING TDGP COAL TERMINAL (45 ha land) JETTY (Existing) CRUSHER (Existing) JETTY (Existing) UPGRADING KGB COAL TERMINAL (20 ha land) Capacity to develop:   345,438 MT Stockpile Capacity and 16,000 MT ROM   Fitting for 5 units of 300 feet barges with 8,000 DWT each d Capacity to develop:   671,455 MT Stockpile Capacity and 16,000 MT ROM   Fitting for a mother vessel with 80,000 DWT d Note: Red arrows shows ROM coal flow and green arrows shows truck movements
  9. 9. 9 Division Power Plant : PLN Offtake Contract Provides Stable Profit Margin   Contract advantage: the passthrough coal price is based on the last 3 months of the year (during winter period which generally fetches higher price)   The volatile coal price is bourne by PLN hence fixed revenue over long term is assured PPA contract - Electricity sale price will reflect: A: Capital Cost for 5 years B: Coal Price: Passthrough to PLN C: Fixed Costs for Operation and Maintenance D: Variable Costs for Operation and Maintenance E: Transmission Costs Fixed Revenues in 25 years contract 60 70 80 90 100 110 120 130 Jan 2010Jul 2010Jan 2011Jul 2011Jan 2012Jul 2012 Newcastle Coal Index (US $/MT) 1 2 1 2
  10. 10. Appendix 10
  11. 11. Coal Overview
  12. 12. Coal Production / Consumption Overview
  13. 13. Power Demand in Indonesia
  14. 14. Industrial 57 TWh 29% Residential & commercial 115 TWh 58% System losses 26 TWh 13% 0 50 100 150 200 250 300 350 2012 2013 2014 2015 2016 2017 2018 2019 2020 Powerdemand(TWh) Java-Bali Sumatra Rest of Indonesia CAGR 7.5% Indonesian Power demand by sector (2012) Indonesian Power Sales by region (2012- 2020)
  15. 15. Available capacity by region (2012 – 2020) Crash Build I Capacity by Region 0 10 20 30 40 50 60 70 2012 2013 2014 2015 2016 2017 2018 2019 2020 Capacity(GW) 0% 2% 4% 6% 8% 10% 12% 14% 16% Java-Bali Sumatra Kalimantan Others Reserve Margin (%) CAGR 7.1% Java-Bali 7,340 MW 79% Sumatra 1,275 MW 13% Sulaw esi 220 MW 2% Kalimantan 410 MW 4% Papua & Timor 202 MW 2%
  16. 16. Crash Build II Capacity by ownership and region Crash Build II by Fuel Type 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 IPP PLN Capacity(MW) Java-Bali Sumatra Kalimantan Sulaw esi Papua & Timor Gas 280 MW 3% Hydro 1,657 MW 17% Geothermal 4,860 MW 49% Coal 3,089 MW 31%
  17. 17. Grid Power Generation by Fuel (2012 – 2020) 0 50 100 150 200 250 300 350 2012 2013 2014 2015 2016 2017 2018 2019 2020 Gridgeneration(TWh) 48% 50% 52% 54% 56% 58% 60% 62% 64% Lost load Renew ables Solar Geothermal Diesel Fuel oil Hydro Gas Coal Coal (%)
  18. 18. Indonesian Planning map for Grid and supply of electricity 1 32 Export electricity Export electricity
  19. 19. Thank You

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