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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
October 31, 2014 Adaro Energy 9M14 Financial Statements & Notes
August 27, 2014 Adaro Energy 1H14 Financial Statements & Notes
April 29, 2014 Adaro Energy 1Q14 Financial Statements & Notes
March 10, 2014 Adaro Energy FY13 Financial Statements & Notes
October 31, 2013 Adaro Energy 9M13 Financial Statements & Notes
August 29, 2013 Adaro Energy 1H13 Financial Statements & Notes
April 29, 2013 Adaro Energy 1Q13 Financial Statements & Notes
March 20, 2013 Adaro Energy FY12 Financial Statements & Notes
October 31, 2012 Adaro Energy 9M12 Financial Statements & Notes
August 30, 2012 Adaro Energy 1H12 Financial Statements & Notes