Adaro Energy Financial and Operational Highlights
| Figures in US$m unless stated |
9M19 |
2018 |
2017 |
2016 |
2015 |
2014 |
|---|---|---|---|---|---|---|
| Financial Performance | ||||||
| Net revenue | 2,654 | 3,620 | 3,258 | 2,524 | 2,684 | 3,325 |
| Cost of revenue | -1,855 | -2,410 | -2,117 | -1,839 | -2,141 | -2,605 |
| Gross profit | 799 | 1,210 | 1,141 | 685 | 543 | 719 |
| Operational EBITDA | 976 | 1,408 | 1,315 | 893 | 730 | 888 |
| Operating income* | 631 | 892 | 952 | 588 | 332 | 490 |
| Profit for the Period attributable to: | ||||||
| Owners of the parent entity | 406 | 418 | 483 | 335 | 152 | 178 |
| Non-controlling interest | 32 | 60 | 53 | 6 | (1.4) | 5 |
| Profit for the period | 438 | 478 | 536 | 341 | 151 | 183 |
| Total comprehensive income for the period attributable to: | ||||||
| Owners of the parent entity | 326 | 411 | 465 | 375 | 179 | 146 |
| Non-controlling interest | 32 | 58 | 53 | 7 | (2.5) | 3 |
| Core earnings | 513 | 728 | 646 | 398 | 294 | 362 |
| Basic earnings per share (EPS) (US$) | 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 profit margin (%) | 16.5 | 13.2 | 16.5 | 13.5 | 5.6 | 5.5 |
| 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 |
| Debt Ratio (x) | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 |
|
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.