Integrated Mining Service Company

Company Profile

Content1 2CompanyInformation

FinancialInformation

Revenue Profile

Cost Profile

Profitability & Margin

Asset , Liabilities &Equity

Company in brief

Milestone

Shareholders

Board of Directors

Business Line

Market

Subsidiaries

Operational Result

Corporate Structure

3 2nd QuarterUpdate

Revenue

Profitability & Margin

Asset

Operational Result

Liabilities

Cash Flow

Capital Expenditure

2014 Plan

2

1 CompanyInformation

Company in brief

Milestone

Shareholders

Board of Directors

Business Line

Market

Subsidiaries

Operational Result

Corporate Structure

3

PT Samindo Resources TbkPT Samindo Resources, Tbk. (“Company”) is leading investment Company in Indonesia as the holding company

of the subsidiaries in trusted mining services sector. At the beginning the Company was established with thename of PT Myohdotcom Indonesia on 15 March 2000 and then changed the name to PT Myoh Technology, Tbk

on 8 January 2003. Then in 2011, the Company changed its name into PT Samindo Resources, Tbk.

Company in Brief

Vision Mission ValueTo become a holdingcompany with highquality andcomprehensivemining servicesbased on resourcesdevelopment.

• To create anexcellent miningoperation and itsmanagement system

• To secure the fullranged competitivemining services andsustainable reserve

• Integrity Focus

• Global Excellence

• Lead Change

• Mutual Progress

4

• The Company wasestablished

• Initial Public Offering

• Change of name to PTSamindo Resources Tbk

• Change of business nature• Reverse stock• Rights Issue I• Acquisition of PT SIMS Jaya

Kaltim

• Rights Issue II• Acquisition of PT Samindo

Utama Kaltim• Acquisition of PT Trasindo

Murni Perkasa• Acquisition of PT Mintec Abadi

Milestone

2000 2011 2012

5

Corporate Structure

Board of CommissionersBoard of Commissioners

Board of DirectorsBoard of Directors

Accounting &finance TeamAccounting &finance Team HRD & GA TeamHRD & GA Team Legal TeamLegal Team Busdev TeamBusdev Team

Internal AuditInternal Audit

Corporate SecretaryCorporate Secretary

6

Shareholders

Samtan Co.LtdSamtan Co.Ltd is one ofthe biggest KoreanCorporation. Samtanmain business is focusedon energy anddevelopment of resources.Samtan involved inseveral energy project inIndonesia such as:- Coal mining- LPG- Independent Power

Plant- Palm oil

Favor Sum

Public

Investment Companywith portfolio inIndonesia

- Retail Investor- Fund- Corporation

59.11%

25.77%

15.12%

Total Share Issued2,206,312,500 shares 7

Board of Directors

Kim, Young ChanPresident Director

WitoroIndependent Director

Lee, Kang HyeobDirector

Yoo, Hun JaeDirector8

Business Line

PT Samindo Resources Tbk provide a comprehensive coal mining services combine with the humanresources and technology into excellent services

Overburden Removal Coal Getting Coal Hauling Drilling

Equipment:

- Excavator – 16 unit

- Dump Truck – 113 unit

- Bulldozer – 32 unit

- Tractor – 100 unit

Equipment: - Drilling Rig – 2 unit

Equipment:

- Trailer – 190 unit

9

Subsidiaries

SIMS jaya kaltim

Ownership:99.90%

Core Competencies:Overburden & Coal GettingServices

Business Activity:1. Wasted Removal2. Coal Getting

Trasindo Murni Perkasa

Ownership:99.80%

Core Competencies:Coal Hauling Services

Business Activity:Hauling of coal

Samindo Utama Kaltim

Ownership:99.67%

Core Competencies:Coal Hauling Services

Business Activity:Hauling of coal

Mintec Abadi

Ownership:99.60%

Core Competencies:Coal Mining Drillingservices

Business Activity:Business consultant

10

Market

The Company currently is one of the mining services companies entrusted to work on the miningconcession area of PT Kideco Jaya Agung. PT Kideco jaya Agung is 3rd largest Indonesia coal producer

400 million ton

Indonesia 2013 totalcoal production

37 million ton

Kideco CoalProduction

2010 2011 2012 2013

29

32

3437

(Million ton)

Currently PT Samindo Resources Tbk serve PTKideco Jaya Agung as a contractor for wasted

removal, coal getting, coal hauling and drillingactivity

(Source: APBI) 11

OperationActivity

Operational Result

Overburden removal

2011 2012 2013

45

48

(Million BCM)

Coal Getting

2011 2012 2013

87

9

(Million ton)

Coal Hauling

2011 2012 2013

26

29

30

(Million ton)Drilling

2011 2012 2013

2927

29

(Thousand meters)

52

12

2 FinancialInformation

Revenue Profile

Cost Profile

Profitability & Margin

Asset, Liabilities & Equity

2014 Plan

13

Revenue Profile

67%

32%

67% 32%

Coal Hauling

2011 2012 2013

490

588

692

(Rp billion)

Drilling

2011 2012 2013

1817

12

(Rp billion)

Wasted Removal

Coal Getting

Wasted Removal & Coal Getting

2011 2012 2013

716921

1,355

1158083

(Rp billion)

Consolidated Revenue

2011 2012 2013

(Rp billion)

1,428

1,794

2,456

(Based on Financial Year 2013)14

50%

55%

60%

65%

70%

75%

80%

85%

90%

-

500

1,000

1,500

2,000

2,500

3,000

Cost Profile

Material Overhead Depreciation Labor

CostStructure

53%38%

3%

7%

1,2311,561

2,110

86% 87% 86%

2011 2012 2013

COGS COGS Margin

Samindo consistently managed the cost over thetime. Despite of the increasing in COGS, Samindo

succeed to manage the COGS margin. In the top ofthat there’s a negative trend in Samindo COGS

margin(Based on Financial Year 2013)

COGS VS COGS Margin

15

(Rp billion)

Gross Profit

Gross Profit Margin

Profitability & Margin

197232

2011 2012 2013

13.8% 13.0%

2011 2012 2013

Operating Profit

Operating Profit Margin

147168

2011 2012 2013

10.3% 9.4%

2011 2012 2013

Net Profit

Net Profit Margin

(6) 36

2011 2012 2013

(0.4%) 2.0%

2011 2012 2013

EBITDA

EBITDA Margin

212259

2011 2012 2013

14.8% 14.5%

2011 2012 2013

346 278

174

419

14.1%11.3%

7.1%

17.0%

16

(Rp billion) (Rp billion) (Rp billion) (Rp billion)

Asset, Liabilities & Equity

CurrentAsset

Non CurrentAsset

CurrentLiabilities

NonCurrent

Liabilities

Equity

Current Asset

2011 2012 2013

464

605

911

Non Current Asset

2011 2012 2013

335

688905

Current Liabilities

2011 2012 2013

330

656 525

Non Current Liabilities

2011 2012 2013

8

365508

Equity

2011 2012 2013

461 271

782

(Rp billion)

(Rp billion)

(Rp billion)

(Rp billion)

Total AssetRp 1,816

(FY 2013, billion)

Total LiabilitiesRp 1,034

(FY 2013, billion)

Total EquityRp 782

(FY 2013, billion)17

2014 Plan

Operation Plan

2013 2014 GrowthBusiness Line

OverburdenRemoval

Coal Getting

Coal Hauling

Drilling

(Million BCM)

(Million ton)

(Million ton)

(Thousand meters)

52 58

9 11

30 33

29 27

12%

22%

10%

-7.1%

Financial Plan

2013 2014 GrowthProfit & Loss

Revenue

Gross Profit

Operating Profit

Net Income

(Rp billion)

2,456 3,037

346 349

278 262

173 182

24%

0.9%

-5.7%

5.2%

(Actual) (Plan)(Actual) (Plan)

18

3 2nd Quarter Update

Revenue

Profitability & Margin

Asset

Operational Result

Liabilities

Cash Flow

Capital Expenditure

19

Operation Result

Wasted Removal

2nd Q 2013 2nd Q 2014

25.526.5

Coal Getting

4.34.5

(Million BCM) (Million ton) (Million ton)

Coal Hauling

14.9 16.2

2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014

20

Consolidated

2nd Q 2013 2nd Q 2014

1,1071,478

Revenue

Wasted Removal

2nd Q 2013 2nd Q 2014

605799

Coal Getting

53

62

Coal Hauling Drilling

8 9

(Rp billion)

(Rp billion) (Rp billion) (Rp billion) (Rp billion)

2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014

326

386

21

Profitability & Margin

Gross Profit

155

229

Operating Profit

124

191

Net Profit

87141

EBITDA

188

275

2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014

Gross Profit Margin

14.0%15.5%

Operating Profit Margin

11.2% 12.9%

Net Profit Margin

7.9%

9.6%

EBITDA Margin

17.0% 18.6%

2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014

22

(Rp billion) (Rp billion) (Rp billion) (Rp billion)

Asset

Current Asset

2013 2nd Q 2014

9111,016

Non Current Asset

2013 2nd Q 2014

905 1,009

(Rp billion)

Fixed Asset

2013

(Rp billion)(Rp billion)

Cash A/R Inventory

2nd Q 20142013

(Rp billion)

113

95

238 226 240 227

2nd Q 2014

8981,001 Total Asset

1,816

(Rp billion)

2013

2nd Q 2014 2,025

23

Liabilities

Current Liabilities

2013 2nd Q 2014

525 664

Non Current Liabilities

2013 2nd Q 2014

508 501

(Rp billion)

Long Term Bank Loan

2013

(Rp billion)(Rp billion)

Trade Payable Short Term Loan

2nd Q 20142013

(Rp billion)

219360

268 263

2nd Q 2014

494 485

Total Liabilities1,034

(Rp billion)

2013

2nd Q 2014 1,165

24

Cash flow

Cash Flow from operation

2nd Q 2013 2nd Q 2014

73

241

Cash Flow for Investment

(386)

(202)

(Rp million)

Cash Flow from Financing

290

(57)

(Rp million) (Rp million)

2nd Q 2013 2nd Q 2014 2nd Q 2013 2nd Q 2014

25

Capital Expenditure

Capital Expenditure

Rp 307 billion

Capital Expenditure Realization (2nd Q 2014)

Rp 5.8 billion

Heavy Equipment

Machinery

Rp 180 billion

Total Rp 186 billion

* 1US$ = Rp 11,000

UtilizeNot Utilize

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