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Adaro Energy Five-Year Highlights

Figures in US$m unless stated

2017

2016

2015

2014

2013

Financial Performance
Net revenue  3,258  2,524  2,684  3,325  3,285
Cost of revenue -2,117 -1,839 -2,141 -2,605 -2,541
Gross profit  1,141  685  543  719  744
Operational EBITDA  1,315  893  730  888  860
Operating income*  952  588  332  490  539
Core earnings  646  398  294  362  286
Basic earnings per share (EPS) (US$)  0.02  0.01  0.01  0.01  0.01
Current assets  1,979  1,593  1,093  1,272  1,371
Total assets  6,814  6,522  5,959  6,414  6,696
Current liabilities  773  645  454  775  774
Total liabilities  2,723  2,736  2,606  3,154  3,522
Stockholders’ equity  4,092  3,786  3,353  3,259  3,174
Interest-bearing debt  1,393  1,450  1,567  1,896  2,221
Cash and cash equivalents  1,207  1,077  702  745  681
Net debt  net cash   373  865  1,151  1,540
Capex  229  80  98  165  185
Free cash flow (EBITDA – Capex)  782  479  458  702  566
Financial Ratios
Gross profit margin (%) 35 27.1 20.2 21.6 22.6
EBITDA margin (%) 40.4 35.4 27.2 26.7 26.2
Operating margin (%) 29.2 23.3 12.4 14.7 16.4
Return on equity (%) 13.1 9 4.5 5.6 7.3
Return on assets (%) 14.0 5.2 2.5 2.9 3.5
Net debt to equity (x) net cash 0.1 0.3 0.4 0.5
Net debt to Operational EBITDA (x) net cash 0.4 1.2 1.3 1.8
Cash from operations to capex (x) 4.7 6.2 5.2 6 4.4
Current ratio (x) 2.6 2.5 2.4 1.6 1.8
Operating Statistics
Coal production volume (Mt) 51.79 52.6 51.5 56.2 52.3
Sales volume (Mt) 51.82 54.1 53.1 57 53.5
Overburden removal (Mbcm) 238.7 234.1 267 319.1 294.9
Planned strip ratio (x) 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
November 28, 2008