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Adaro Energy Five-Year Highlights

Figures in US$m unless stated

2016

2015

2014

2013

2012

Financial Performance
Net revenue 2,524 2,684 3,325 3,285 3,722
Cost of revenue (1,839) (2,141) (2,605) (2,541) (2,680)
Gross profit 685 543 719 744 1,085
Operational EBITDA 893 730 888 860 1,111
Operating income* 588 332 490 539 836
Core earnings 398 294 362 286 360
Basic earnings per share (EPS) (US$) 0.010 0.005 0.006 0.007 0.011
Current assets 1,593 1,093 1,272 1,371 1,414
Total assets 6,522 5,959 6,414 6,696 6,692
Current liabilities 645 454 775 774 899
Total liabilities 2,736 2,606 3,154 3,522 3,697
Stockholders’ equity 3,786 3,353 3,259 3,174 2,995
Interest-bearing debt 1,450 1,567 1,896 2,221 2,445
Cash and cash equivalents 1,077 702 745 681 500
Net debt 373 865 1,151 1,540 1,945
Capex 80 98 165 185 541
Free cash flow (EBITDA – Capex) 479 458 702 566 206
Financial Ratios
Gross profit margin (%) 27.1 20.2 21.6 22.6 28.0
EBITDA margin (%) 35.4 27.2 26.7 26.2 29.8
Operating margin (%) 23.3 12.4 14.7 16.4 16.4
Return on equity (%) 9.0 4.5 5.6 7.3 12.8
Return on assets (%) 5.2 2.5 2.9 3.5 5.7
Net debt to equity (x) 0.1 0.3 0.4 0.5 0.6
Net debt to Operational EBITDA (x) 0.4 1.2 1.3 1.8 1.8
Cash from operations to capex (x) 8.5 5.2 6.0 4.4 0.9
Current ratio (x) 2.5 2.4 1.6 1.8 1.6
Operating Statistics
Coal production volume (Mt) 52.6 51.5 56.2 52.3 47.2
Sales volume (Mt) 54.1 53.1 57.0 53.5 48.6
Overburden removal (Mbcm) 234.1 267.0 319.1 294.9 331.5
Planned strip ratio (x) 4.5 5.2 5.8 5.8 6.4
* 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 29, 2009 Adaro Energy 9M09 Financial Statements & Notes
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