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Adaro Energy Financial and Operational Highlights

Figures in US$m unless stated

9M19

2018

2017

2016

2015

2014

 
Financial Performance
Net revenue 2,654  3,620  3,258  2,524  2,684  3,325
Cost of revenue -1,855 -2,410 -2,117 -1,839 -2,141 -2,605
Gross profit 799  1,210  1,141  685  543  719
Operational EBITDA 976  1,408  1,315  893  730  888
Operating income* 631  892  952  588  332  490
Core earnings 513  728  646  398  294  362
Basic earnings per share (EPS) (US$) 0.013  0.01  0.02  0.01  0.01  0.01
Current assets 1,549  1,600  1,979  1,593  1,093  1,272
Total assets 7,241  7,061  6,814  6,522  5,959  6,414
Current liabilities 1,263  816  773  645  454  775
Total liabilities 2,712  2,758  2,723  2,736  2,606  3,154
Stockholders’ equity 4,529  4,303  4,092  3,786  3,353  3,259
Interest-bearing debt 1,305  1,431  1,393  1,450  1,567  1,896
Cash and cash equivalents 1,008  928  1,207  1,077  702  745
Net debt 291  414  net cash  373  865  1,151
Capex 364  496  229  80  98  165
Free cash flow (EBITDA – Capex) 437  660  782  479  458  702
 
Financial Ratios
Gross profit margin (%) 30.1 33.4 35 27.1 20.2 21.6
EBITDA margin (%) 36.8 38.9 40.4 35.4 27.2 26.7
Operating margin (%) 23.8 24.6 29.2 23.3 12.4 14.7
Return on equity (%) 19.8 22.2 13.1 9 4.5 5.6
Return on assets (%) 12.2 13.5 14.0 5.2 2.5 2.9
Net debt to equity (x) 0.06 0.01 net cash 0.1 0.3 0.4
Net debt to Operational EBITDA (x) 0.22 0.29 net cash 0.4 1.2 1.3
Cash from operations to capex (x) 2.62 2.39 4.7 6.2 5.2 6
Current ratio (x) 1.2 2.0 2.6 2.5 2.4 1.6
 
 

9M19

2018

2017

2016

2015

2014

 
Operating Statistics
Coal production volume (Mt) 44.13 54.04 51.79 52.6 51.5 56.2
Sales volume (Mt) 44.66 54.39 51.82 54.1 53.1 57
Overburden removal (Mbcm) 210.04 273.55 238.7 234.1 267 319.1
Planned strip ratio (x) 4.76 5.06 4.5 4.5 5.2 5.8

* Capital market regulations were revised in 2012 to require operating income to include “other expenses.” All years up to 2012 have been restated to reflect this revision.

Financial Statements and Notes

Release Date Document Title Document
November 22, 2019 Adaro Energy 9M19 Financial Statements & Notes
August 22, 2019 Adaro Energy 1H19 Financial Statements & Notes
April 30, 2019 Adaro Energy 1Q19 Financial Statements & Notes
March 4, 2019 Adaro Energy FY18 Financial Statements & Notes
October 31, 2018 Adaro Energy 9M18 Financial Statements & Notes
August 23, 2018 Adaro Energy 1H18 Financial Statements & Notes
April 26, 2018 Adaro Energy 1Q18 Financial Statements & Notes
March 6, 2018 Adaro Energy FY17 Financial Statements & Notes
October 31, 2017 Adaro Energy 9M17 Financial Statements & Notes
August 28, 2017 Adaro Energy 1H17 Financial Statements & Notes