Why Adaro? Company
Performance
Annual
Report
Shareholders
Information
Dividend
Information
Presentation Press
Release
Analyst
Coverage

Adaro Energy Financial and Operational Highlights

Figures in US$m unless stated

9M18

2017

2016

2015

2014

2013

 
Financial Performance
Net revenue 2,667  3,258  2,524  2,684  3,325  3,285
Cost of revenue -1,788 -2,117 -1,839 -2,141 -2,605 -2,541
Gross profit 879  1,141  685  543  719  744
Operational EBITDA 1,061  1,315  893  730  888  860
Operating income* 740  952  588  332  490  539
Core earnings 526  646  398  294  362  286
Basic earnings per share (EPS) (US$) 0.01  0.02  0.01  0.01  0.01  0.01
Current assets 1,673  1,979  1,593  1,093  1,272  1,371
Total assets 7,151  6,814  6,522  5,959  6,414  6,696
Current liabilities 930  773  645  454  775  774
Total liabilities 2,846  2,723  2,736  2,606  3,154  3,522
Stockholders’ equity 4,305  4,092  3,786  3,353  3,259  3,174
Interest-bearing debt 1,361  1,393  1,450  1,567  1,896  2,221
Cash and cash equivalents 965  1,207  1,077  702  745  681
Net debt 305  net cash   373  865  1,151  1,540
Capex 339  229  80  98  165  185
Free cash flow (EBITDA – Capex) 478  782  479  458  702  566
 
Financial Ratios
Gross profit margin (%) 32.9 35 27.1 20.2 21.6 22.6
EBITDA margin (%) 39.8 40.4 35.4 27.2 26.7 26.2
Operating margin (%) 27.8 29.2 23.3 12.4 14.7 16.4
Return on equity (%) 10.1 13.1 9 4.5 5.6 7.3
Return on assets (%) 16.8 14.0 5.2 2.5 2.9 3.5
Net debt to equity (x) 0.07 net cash 0.1 0.3 0.4 0.5
Net debt to Operational EBITDA (x) 0.22 net cash 0.4 1.2 1.3 1.8
Cash from operations to capex (x) 3.09 4.7 6.2 5.2 6 4.4
Current ratio (x) 1.8 2.6 2.5 2.4 1.6 1.8
 
Operating Statistics
Coal production volume (Mt) 54.04 51.79 52.6 51.5 56.2 52.3
Sales volume (Mt) 54.39 51.82 54.1 53.1 57 53.5
Overburden removal (Mbcm) 273.55 238.7 234.1 267 319.1 294.9
Planned strip ratio (x) 5.06 4.5 4.5 5.2 5.8 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, 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
April 26, 2012 Adaro Energy 1Q12 Financial Statements & Notes
March 27, 2012 Adaro Energy FY11 Financial Statements & Notes
October 31, 2011 Adaro Energy 9M11 Financial Statements & Notes
August 15, 2011 Adaro Energy 1H11 Financial Statements & Notes