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Adaro Energy Five-Year Highlights

Figures in US$m unless stated

2015

2014

2013

2012

2011

Financial Performance
Net revenue 2,684 3,325 3,285 3,722 3,987
Cost of revenue (2,141) (2,605) (2,541) (2,680) (2,559)
Gross profit 1,428 1,043 744 720 543
Operational EBITDA 730 888 860 1,111 1,472
Operating income* 332 490 539 836 1,131
Net income 151 182 232 383 552
Core earnings 293 362 286 440 597
Basic earnings per share (EPS) (US$) 0.00477 0.00556 0.00731 0.01205 0.01721
Current assets 1,093 1,272 1,371 1,414 1,298
Total assets 5,959 6,414 6,696 6,692 5,659
Current liabilities 454 775 774 899 779
Total liabilities 2,606 3,154 3,522 3,697 3,217
Stockholders’ equity 3,353 3,259 3,174 2,995 2,442
Interest-bearing debt 1,596 1,896 2,221 2,445 2,105
Cash and cash equivalents 702 745 681 500 559
Net debt 865 1,151 1,540 1,945 1,546
Capex 98 165 185 541 651
Free cash flow (EBITDA – Capex) 458 702 566 206 307
Financial Ratios
Gross profit margin (%) 20.2 21.6 22.6 28.0 35.8
EBITDA margin (%) 27.2 26.7 26.2 29.8 36.9
Operating margin (%) 12.4 14.7 16.4 16.4 28.4
Return on equity (%) 4.5 5.6 7.3 12.8 22.6
Return on assets (%) 2.5 2.9 3.5 5.7 9.8
Net debt to equity (x) 0.3 0.4 0.5 0.6 0.6
Net debt to Operational EBITDA (x) 1.2 1.3 1.8 1.8 1.0
Cash from operations to capex (x) 5.2 6.0 4.4 0.9 1.1
Current ratio (x) 2.4 1.6 1.8 1.6 1.7
Operating Statistics
Coal production volume (Mt) 51.5 56.2 52.3 47.2 47.7
Sales volume (Mt) 53.1 57.0 53.5 48.6 50.8
Overburden removal (Mbcm) 267.0 319.1 294.9 331.5 299.3
Planned strip ratio (x) 5.2 5.8 5.8 6.4 5.9
Coal cash cost, excl. royalty (US$/t) 28.0 33.2 34.8 38.9 35.8
* 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
August 31, 2009 Adaro Energy 1H09 Financial Statements & Notes
May 1, 2009 Adaro Energy 1Q09 Financial Statements & Notes
March 31, 2009 Adaro Energy FY08 Financial Statements & Notes
November 28, 2008