Adaro Energy Financial and Operational Highlights
| Figures in US$m unless stated |
1Q20 |
2019 |
2018 |
2017 |
2016 |
2015 |
|---|---|---|---|---|---|---|
| Financial Performance | ||||||
| Net revenue | 750 | 3,457 | 3,620 | 3,258 | 2,524 | 2,684 |
| Cost of revenue | -552 | -2,493 | -2,410 | -2,117 | -1,839 | -2,141 |
| Gross profit | 198 | 965 | 1,210 | 1,141 | 685 | 543 |
| Operational EBITDA | 265 | 1,207 | 1,408 | 1,315 | 893 | 730 |
| Operating income* | 128 | 618 | 892 | 952 | 588 | 332 |
| Profit for the Period attributable to: | ||||||
| Owners of the parent entity | 98 | 404 | 418 | 483 | 335 | 152 |
| Non-controlling interest | 7 | 31 | 60 | 53 | 6 | (1.4) |
| Profit for the period | 106 | 435 | 478 | 536 | 341 | 151 |
| Total comprehensive income for the period attributable to: | ||||||
| Owners of the parent entity | 9 | 355 | 411 | 465 | 375 | 179 |
| Non-controlling interest | 6 | 33 | 58 | 53 | 7 | (2.5) |
| Core earnings | 136 | 635 | 728 | 646 | 398 | 294 |
| Basic earnings per share (EPS) (US$) | 0.003 | 0.013 | 0.01 | 0.02 | 0.01 | 0.01 |
| Current assets | 1,831 | 2,110 | 1,600 | 1,979 | 1,593 | 1,093 |
| Total assets | 6,924 | 7,217 | 7,061 | 6,814 | 6,522 | 5,959 |
| Current liabilities | 1,020 | 1,233 | 816 | 773 | 645 | 454 |
| Total liabilities | 2,946 | 3,234 | 2,758 | 2,723 | 2,736 | 2,606 |
| Stockholders’ equity | 3,978 | 3,983 | 4,303 | 4,092 | 3,786 | 3,353 |
| Interest-bearing debt | 1,904 | 1,957 | 1,431 | 1,393 | 1,450 | 1,567 |
| Cash and cash equivalents | 1,251 | 1,576 | 928 | 1,207 | 1,077 | 702 |
| Net debt | 550 | 375 | 414 | net cash | 373 | 865 |
| Capex | 56 | 489 | 496 | 229 | 80 | 98 |
| Free cash flow (EBITDA – Capex) | 96 | 566 | 660 | 782 | 479 | 458 |
| Financial Ratios | ||||||
| Gross profit margin (%) | 26.4 | 27.9 | 33.4 | 35 | 27.1 | 20.2 |
| Operational EBITDA margin (%) | 35.3 | 34.9 | 38.9 | 40.4 | 35.4 | 27.2 |
| Operating margin (%) | 17.1 | 17.9 | 24.6 | 29.2 | 23.3 | 12.4 |
| Return on equity (%) | 5 | 20.7 | 22.2 | 13.1 | 9 | 4.5 |
| Return on assets (%) | 3 | 12.2 | 13.5 | 14.0 | 5.2 | 2.5 |
| Net profit margin (%) | 14.1 | 12.6 | 13.2 | 16.5 | 13.5 | 5.6 |
| Net debt to equity (x) | 0.14 | 0.09 | 0.01 | net cash | 0.1 | 0.3 |
| Net debt to Operational EBITDA (x) | 0.48 | 0.31 | 0.29 | net cash | 0.4 | 1.2 |
| Cash from operations to capex (x) | 2.56 | 2.01 | 2.39 | 4.7 | 6.2 | 5.2 |
| Current ratio (x) | 0.2 | 0.2 | 2.0 | 2.6 | 2.5 | 2.4 |
| Debt Ratio (x) | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
|
1Q20 |
2019 |
2018 |
2017 |
2016 |
2015 |
|
| Operating Statistics | ||||||
| Coal production volume (Mt) | 14.41 | 58.03 | 54.04 | 51.79 | 52.6 | 51.5 |
| Sales volume (Mt) | 14.39 | 59.18 | 54.39 | 51.82 | 54.1 | 53.1 |
| Overburden removal (Mbcm) | 49.76 | 272.09 | 273.55 | 238.7 | 234.1 | 267 |
| Planned strip ratio (x) | 3.45 | 4.69 | 5.06 | 4.5 | 4.5 | 5.2 |
* 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.