ADRO Adaro Energy Tbk.

COMPANY REPORT : JULY 2018 As of 31 July 2018

Main Board Individual Index : 173.182
Industry Sector : Mining (2) Listed Shares : 31,985,962,000
Industry Sub Sector : Coal Mining (21) Market Capitalization : 60,933,257,610,000
19 | 60.9T | 0.91% | 56.49%

14 | 31.3T | 1.57% | 42.35%

COMPANY HISTORY SHAREHOLDERS (June 2018)

Established Date : 28-Jul-2004 1. PT Adaro Strategic Investments 14,045,425,500 : 43.91%
Listing Date : 16-Jul-2008 2. Garibaldi Thohir 1,976,632,710 : 6.18%
Underwriter IPO : 3. Public (<5%) 15,963,903,790 : 49.91%
PT Danatama Makmur
Securities Administration Bureau : DIVIDEND ANNOUNCEMENT
PT Ficomindo Buana Registrar Bonus Cash Recording Payment
F/I
Year Shares Dividend Cum Date Ex Date Date Date
BOARD OF COMMISSIONERS 2008 11.80 25-Aug-09 26-Aug-09 28-Aug-09 11-Sep-09 F
1. Edwin Soeryadjaya 2009 12.00 11-Dec-09 14-Dec-09 16-Dec-09 30-Dec-09 I
2. Arini Saraswaty Subianto 2009 17.00 02-Jun-10 03-Jun-10 07-Jun-10 18-Jun-10 F
3. Palgunadi Tatit Setyawan *) 2010 9.85 26-Nov-10 29-Nov-10 01-Dec-10 10-Dec-10 I
4. Raden Pardede *) 2010 20.50 27-May-11 30-May-11 01-Jun-11 09-Jun-11 F
5. Theodore Permadi Rachmat 2011 21.35 28-Nov-11 29-Nov-11 01-Dec-11 09-Dec-11 I
*) Independent Commissioners 2011 53.66 29-May-12 30-May-12 01-Jun-12 12-Jun-12 F
2012 12.13 29-May-12 30-May-12 01-Jun-12 12-Jun-12 I
BOARD OF DIRECTORS 2012 10.65 26-Dec-12 27-Dec-12 02-Jan-13 15-Jan-13 I
1. Garibaldi Thohir 2012 12.36 29-May-13 30-May-13 03-Jun-13 12-Jun-13 F
2. Chia Ah Hoo 2013 15.30 24-Dec-13 27-Dec-13 02-Jan-14 16-Jan-14 I
3. Christian Ariano Rachmat 2013 13.47 26-May-14 28-May-14 02-Jun-14 12-Jun-14 F
4. David Tendian 2014 11.73 24-Dec-14 29-Dec-14 02-Jan-15 16-Jan-15 I
5. Julius Aslan 2014 18.52 30-Apr-15 04-May-15 06-May-15 27-May-15 F
6. M. Syah Indra Aman 2015 15.29 28-Dec-15 29-Dec-15 04-Jan-16 15-Jan-16 I
7. Siswanto Prawiroatmodjo 2015 17.51 25-Apr-16 26-Apr-16 28-Apr-16 20-May-16 F
2016 25.62 28-Dec-16 29-Dec-16 03-Jan-17 13-Jan-17 I
AUDIT COMMITTEE 2016 16.78 04-May-17 05-May-17 09-May-17 26-May-17 F
1. Palgunadi Tatit Setyawan 2017 42.25 28-Dec-17 29-Dec-17 03-Jan-18 12-Jan-18 I
2. Irwandy Arif 2017 65.39 30-Apr-18 02-May-18 04-May-18 18-May-18 F
3. Mamat Ma'Mun
ISSUED HISTORY
CORPORATE SECRETARY Listing Trading
Mahardika Putranto No. Type of Listing Shares Date Date
1. First Issue 11,139,331,000 16-Jul-08 16-Jul-08
HEAD OFFICE 2. Company Listing 20,846,631,000 16-Jul-08 16-Apr-09
Menara Karya 23th Floor
Jl. H.R. Rasuna Said, Blok X-5, Kv. 1-2
Jakarta 12950
Phone : (021) 2553-3000; 521-1265
Fax : (021) 2559-3083; 5794-4687
Homepage : www.adaro.com
Email : [email protected]
[email protected]
 ADRO Adaro Energy Tbk.
TRADING ACTIVITIES
Closing Price* and Trading Volume
Adaro Energy Tbk. Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2014 - July 2018 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
2,600 480 Jan-14 1,110 870 950 67,166 1,717,526 1,651,052 20
Feb-14 995 880 995 52,885 1,197,188 1,126,593 20
2,275 420 Mar-14 1,040 945 980 59,759 1,369,759 1,357,397 20
Apr-14 1,205 930 1,185 55,961 1,295,481 1,355,337 20
May-14 1,320 1,100 1,225 60,224 1,439,612 1,768,558 18
1,950 360
Jun-14 1,340 1,130 1,175 59,842 1,173,729 1,460,502 21
Jul-14 1,210 1,080 1,185 58,308 1,079,081 1,241,003 18
1,625 300
Aug-14 1,350 1,170 1,315 67,428 1,186,836 1,515,182 20
Sep-14 1,390 1,150 1,175 58,209 927,416 1,196,582 22
1,300 240
Oct-14 1,185 920 1,135 87,590 1,641,955 1,706,381 23
Nov-14 1,150 980 1,080 55,494 1,174,713 1,247,984 20
975 180 Dec-14 1,145 995 1,040 47,125 1,050,501 1,123,969 20

650 120 Jan-15 1,050 925 1,000 70,943 1,137,115 1,117,884 21

Feb-15 1,025 940 960 53,979 1,400,629 1,385,742 19
325 60 Mar-15 1,035 935 950 61,722 1,137,398 1,117,337 22
Apr-15 990 835 875 49,786 716,447 686,954 21
May-15 940 835 860 42,790 883,826 789,582 19
Jun-15 925 755 760 44,264 547,730 454,253 21
Jan-14 Jan-15 Jan-16 Jan-17 Jan-18
Jul-15 775 550 590 58,960 1,163,030 730,274 19
Aug-15 650 467 595 66,912 1,314,901 741,787 20
Sep-15 630 510 535 44,300 786,360 457,284 21
Closing Price*, Jakarta Composite Index (IHSG) and Oct-15 710 515 595 72,138 1,316,804 825,705 21
Mining Index Nov-15 660 525 550 40,268 801,156 481,184 21
January 2014 - July 2018 Dec-15 560 441 515 41,140 771,262 409,713 19
150%
Jan-16 540 437 525 49,972 717,704 348,594 20
120% Feb-16 655 500 605 49,294 992,131 591,215 20
Mar-16 800 610 645 78,161 1,559,369 1,113,338 21
90% Apr-16 770 645 730 62,752 1,311,115 936,423 21
79.7% May-16 730 655 710 42,427 699,543 490,135 20
60% Jun-16 945 705 850 85,576 2,086,354 1,771,262 22
49.0% Jul-16 1,090 860 1,040 57,749 1,195,084 1,207,282 16
37.2% Aug-16 1,200 1,015 1,150 92,405 1,438,700 1,627,227 22
30%
Sep-16 1,290 1,105 1,205 82,920 1,003,718 1,206,185 21
Oct-16 1,605 1,250 1,585 93,165 1,240,670 1,799,252 21
-
Nov-16 1,735 1,465 1,530 142,999 1,757,498 2,829,944 22
Dec-16 1,770 1,580 1,695 78,919 1,195,610 1,863,543 20
-30%

Jan-17 1,760 1,655 1,695 73,011 531,367 911,947 21

-60% Feb-17 1,755 1,615 1,695 53,483 535,620 910,453 19
Mar-17 1,845 1,565 1,750 81,339 704,697 1,205,722 22
-90% Apr-17 1,940 1,770 1,775 61,224 604,434 1,125,829 17
Jan 14 Jan 15 Jan 16 Jan 17 Jan 18 May-17 1,795 1,395 1,520 81,970 937,416 1,429,528 20
Jun-17 1,670 1,465 1,580 60,421 531,927 841,432 15
Jul-17 1,850 1,565 1,785 69,632 778,160 1,330,716 21
SHARES TRADED 2014 2015 2016 2017 Jul-18 Aug-17 1,995 1,805 1,825 80,189 835,382 1,554,666 22
Volume (Million Sh.) 15,254 11,977 15,197 8,996 11,574 Sep-17 1,930 1,630 1,825 80,279 723,828 1,300,512 19
Value (Billion Rp) 16,751 9,198 15,784 15,733 23,363 Oct-17 1,935 1,745 1,825 72,586 746,680 1,394,964 22
Frequency (Thou. X) 730 647 916 863 847 Nov-17 1,925 1,680 1,700 87,243 1,358,622 2,445,129 22
Days 242 244 246 238 138 Dec-17 1,905 1,695 1,860 61,672 708,242 1,281,650 18

Price (Rupiah) Jan-18 2,650 1,810 2,450 112,333 1,644,802 3,661,205 22

High 1,390 1,050 1,770 1,995 2,650 Feb-18 2,590 2,300 2,350 91,655 1,141,539 2,790,115 19
Low 870 441 437 1,395 1,575 Mar-18 2,420 1,945 2,130 119,529 1,686,873 3,599,491 21
Close 1,040 515 1,695 1,860 1,905 Apr-18 2,290 1,820 1,835 105,048 1,391,488 2,904,001 21
Close* 1,040 515 1,695 1,860 1,905 May-18 1,980 1,575 1,885 184,766 3,004,149 5,295,149 20
Jun-18 2,070 1,650 1,790 97,465 1,225,406 2,319,604 13
PER (X) 9.27 7.83 14.96 9.09 14.88 Jul-18 2,130 1,690 1,905 136,665 1,480,225 2,793,338 22
PER Industry (X) 3.23 0.60 -4.41 6.26 6.85
PBV (X) 0.81 0.36 1.18 1.07 1.06
* Adjusted price after corporate action
 ADRO Adaro Energy Tbk.
Financial Data and Ratios Book End : December
Public Accountant : Tanudiredja, Wibisana, Rintis & Partners (Member of PricewaterhouseCoopers Global Network)

BALANCE SHEET Dec-14 Dec-15 Dec-16 Dec-17 Jun-18 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Cash & Cash Equivalents 9,267,904 9,689,623 14,469,873 16,350,377 15,238,870 100,000

Receivables 3,571,196 2,732,288 4,099,162 4,354,964 5,025,800

1,203,096 1,004,079 986,431 1,157,893 1,704,267 80,000
Inventories
Current Assets 15,814,016 15,070,207 21,399,719 26,813,687 24,322,551
60,000
Fixed Assets 20,104,075 20,237,329 20,747,697 20,410,780 22,045,452
Other Assets 268,605 359,651 352,265 385,712 518,875
40,000
Total Assets 79,762,813 82,193,328 87,633,045 92,318,064 97,717,831
Growth (%) 3.05% 6.62% 5.35% 5.85% 20,000

Current Liabilities 9,632,863 6,269,001 8,660,241 10,476,695 11,245,404 -

Long Term Liabilities 29,595,155 29,672,453 28,105,694 26,408,005 26,467,797 2014 2015 2016 2017 Jun-18
Total Liabilities 39,228,019 35,941,453 36,765,935 36,884,701 37,713,201
Growth (%) -8.38% 2.29% 0.32% 2.25%
TOTAL EQUITY (Bill. Rp)
Authorized Capital 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 60,005
Paid up Capital 3,198,596 3,198,596 3,198,596 3,198,596 3,198,596 60,005
55,433
50,867
Paid up Capital (Shares) 31,986 31,986 31,986 31,986 31,986 46,252
Par Value 100 100 100 100 100 40,535
47,764

Retained Earnings 16,302,141 19,132,402 21,868,555 26,645,136 28,991,003

40,534,794 46,251,875 50,867,111 55,433,363 60,004,630
35,523

Total Equity
Growth (%) 14.10% 9.98% 8.98% 8.25% 23,282

INCOME STATEMENTS Dec-14 Dec-15 Dec-16 Dec-17 Jun-18 11,041

Total Revenues 41,355,222 37,029,662 33,915,675 44,143,895 23,194,632

Growth (%) -10.46% -8.41% 30.16%
-1,200

2014 2015 2016 2017 Jun-18

Cost of Revenues 32,404,572 29,535,382 24,708,307 28,678,826 16,107,835

Gross Profit 8,950,649 7,494,280 9,207,368 15,465,069 7,086,797
TOTAL REVENUES (Bill. Rp)
Expenses (Income) 2,859,099 2,916,314 1,312,133 2,569,744 1,448,437
Operating Profit 6,091,551 4,577,967 7,895,235 12,895,325 5,638,359 44,144
41,355
Growth (%) -24.85% 72.46% 63.33%
44,144

37,030
33,916
35,139

Other Income (Expenses) -2,091,648 -716,019 -552,193 -302,039 -75,779

Income before Tax 3,999,903 3,861,948 7,343,043 12,593,286 5,562,580 26,133 23,195

Tax 1,721,080 1,779,012 2,765,586 5,325,624 2,335,378

Profit for the period 2,278,822 2,082,935 4,577,457 7,267,662 3,227,202 17,128

Growth (%) -8.60% 119.76% 58.77%

8,122

Period Attributable 2,212,327 2,102,757 4,495,968 6,547,708 2,814,297 -883

Comprehensive Income 1,845,565 2,433,220 5,129,462 7,019,639 3,551,393 2014 2015 2016 2017 Jun-18
Comprehensive Attributable 1,811,888 2,467,512 5,031,916 6,303,790 3,152,272

RATIOS Dec-14 Dec-15 Dec-16 Dec-17 Jun-18 PROFIT FOR THE PERIOD (Bill. Rp)
Current Ratio (%) 164.17 240.39 247.10 255.94 216.29
7,268
Dividend (Rp) 30.24 32.80 42.40 107.64 - 7,268

EPS (Rp) 69.17 65.74 140.56 204.71 87.99

BV (Rp) 1,267.27 1,446.01 1,590.29 1,733.05 1,875.97 5,785

4,577
DAR (X) 0.49 0.44 0.42 0.40 0.39
DER(X) 0.97 0.78 0.72 0.67 0.63
4,302

3,227
ROA (%) 2.86 2.53 5.22 7.87 3.30 2,279
2,820

2,083
ROE (%) 5.62 4.50 9.00 13.11 5.38
GPM (%) 21.64 20.24 27.15 35.03 30.55 1,337

OPM (%) 14.73 12.36 23.28 29.21 24.31

NPM (%) 5.51 5.63 13.50 16.46 13.91
-145

2014 2015 2016 2017 Jun-18

Payout Ratio (%) 43.72 49.89 30.16 52.58 -
Yield (%) 2.91 6.37 2.50 5.79 -