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Adaro Energy Financial and Operational Highlights

Figures in US$m unless stated

1Q19

2018

2017

2016

2015

2014

 
Financial Performance
Net revenue 846  3,620  3,258  2,524  2,684  3,325
Cost of revenue -582 -2,410 -2,117 -1,839 -2,141 -2,605
Gross profit 265  1,210  1,141  685  543  719
Operational EBITDA 323  1,408  1,315  893  730  888
Operating income* 199  892  952  588  332  490
Core earnings 156  728  646  398  294  362
Basic earnings per share (EPS) (US$) 0.003  0.01  0.02  0.01  0.01  0.01
Current assets 1,474  1,600  1,979  1,593  1,093  1,272
Total assets 7,028  7,061  6,814  6,522  5,959  6,414
Current liabilities 736  816  773  645  454  775
Total liabilities 2,609  2,758  2,723  2,736  2,606  3,154
Stockholders’ equity 4,419  4,303  4,092  3,786  3,353  3,259
Interest-bearing debt 1,369  1,431  1,393  1,450  1,567  1,896
Cash and cash equivalents 813  928  1,207  1,077  702  745
Net debt 460  414  net cash  373  865  1,151
Capex 106  496  229  80  98  165
Free cash flow (EBITDA – Capex) 97  660  782  479  458  702
 
Financial Ratios
Gross profit margin (%) 31.3 33.4 35 27.1 20.2 21.6
EBITDA margin (%) 38.2 38.9 40.4 35.4 27.2 26.7
Operating margin (%) 23.6 24.6 29.2 23.3 12.4 14.7
Return on equity (%) 11.9 22.2 13.1 9 4.5 5.6
Return on assets (%) 7.5 13.5 14.0 5.2 2.5 2.9
Net debt to equity (x) 0.10 0.01 net cash 0.1 0.3 0.4
Net debt to Operational EBITDA (x) 0.33 0.29 net cash 0.4 1.2 1.3
Cash from operations to capex (x) 2.63 2.39 4.7 6.2 5.2 6
Current ratio (x) 2.0 2.0 2.6 2.5 2.4 1.6
 
 

1Q19

2018

2017

2016

2015

2014

 
Operating Statistics
Coal production volume (Mt) 13.74 54.04 51.79 52.6 51.5 56.2
Sales volume (Mt) 13.31 54.39 51.82 54.1 53.1 57
Overburden removal (Mbcm) 61.50 273.55 238.7 234.1 267 319.1
Planned strip ratio (x) 4.48 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.

* 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
October 31, 2016 Adaro Energy 9M16 Financial Statements & Notes
August 29, 2016 Adaro Energy 1H16 Financial Statements & Notes
April 29, 2016 Adaro Energy 1Q16 Financial Statements & Notes
March 14, 2016 Adaro Energy FY15 Financial Statements & Notes
October 30, 2015 Adaro Energy 9M15 Financial Statements & Notes
August 31, 2015 Adaro Energy 1H15 Financial Statements & Notes
April 30, 2015 Adaro Energy 1Q15 Financial Statements & Notes
March 10, 2015 Adaro Energy FY14 Financial Statements & Notes
October 31, 2014 Adaro Energy 9M14 Financial Statements & Notes
August 27, 2014 Adaro Energy 1H14 Financial Statements & Notes