(In Million US Dollar)

2018

2019

2020

2021

2022

Financial Performance

Revenue

3,620

3,457

2,535

3,993

8,102

Cost of revenue

 (2,410)

 (2,493)

 (1,958)

 (2,223)

 (3,449)

Gross profit

1,210

965

577

1,770

4,653

Operational EBITDA

1,408

1,207

883

2,104

5,030

Operating Income

892

618

285

1,528

4,308

Net Income

478

435

159

1,028

2,831

Core Earnings

728

635

405

1,256

3,013

Basic Earnings Per Share (EPS) in US$

0.01306

0.01264

0.00459

0.02927

0.0800

Current Assets

1,600

2,110

1,732

2,838

5,319

Total Assets

7,061

7,217

6,382

7,587

10,782

Current Liabilities

816

1,233

1,145

1,362

2,448

Total Liabilities

2,758

3,234

2,430

3,129

4,255

Total Equity

4,303

3,983

3,952

4,458

6,527

Interest Bearing Debt

1,431

1,957

1,493

1,598

1,573

Cash and Cash Equivalents

928

1,576

1,174

1,811

4,067

Net Debt

414

375

167

 (434)

 (2,599)

Capex

496

489

169

193

424

Free Cash Flow

660

566

630

1,270

2,769

Financial Ratios

Gross Profit Margin (%)

33.4

27.9

22.7

44.3

57.4

Operational EBITDA margin (%)

38.89

34.93

34.84

52.7

62.0

Operating Margin (%)

24.6

17.86

11.24

38.3

53.0

Return on Equity (%)

11.0

10.92

4.02

23.1

43.4

Return on Assets (%)

6.8

6.0

2.5

13.6

26.3

Net Debt to Equity (x)

0.10

0.09

0.04

 (0.10)

 (0.40)

Net Debt to Operational EBITDA (x)

0.29

0.31

0.19

 (0.32)

 (0.76)

Cash from Operations to Capex (x)

2.39

2.01

4.55

8.11

9.7

Current Ratio (x)

1.96

1.71

1.51

2.08

2.2

Operating Statistics

Coal Production

55.05

58.03

54.53

52.7

62.9

Sales Volume

54.39

59.19

54.14

51.58

61.4

Overburden Removal

273.38

272.09

209.48

218.9

235.68

Actual Strip Ratio (x)

5.1

469.0

3.84

4.15

3.75