Adaro Energy posted a 40 percent plunge in net profit to USD $231 million over 2013 from the previous year. The company's revenue fell 12 percent to USD $3.3 billion. The lower average selling price of coal was cited as the main factor that resulted in weaker financial figures throughout 2013.

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Adaro Energy's Operational Highlights:

      2008     2009     2010     2011     2012     2013
Coal Production volume (Mt)¹
    38.5     40.6     42.2     47.7     47.2     52.3
Coal Sales volume (Mt)¹
    41.1     41.4     43.8     50.8     48.6     53.5
Overburden Removal (Mbcm)      208.5    225.9    299.3    331.5    294.9
Planned Strip Ratio (x)        5.0      5.5      5.9      6.4      5.8

¹ million metric tons
Source: Adaro Energy, Annual Report 2013


Adaro Energy's Financial Highlights:

       2008      2009      2010      2011      2012
     2013  
Net Revenue     1,869     2,591     2,718     3,987     3,722     3,285
Net Income        96       417       247       552       383       231
Gross Profit       436     1,057       829     1,428     1,043       739
EBITDA       506     1,067       883     1,474     1,088       822
Operating Income         898       638     1,131       836       534
Total Assets     3,347     4,530     4,470     5,659     6,692     6,734
Total Liabilities     1,824     2,648     2,438     3,217     3,697     3,539
Earnings per Share¹   0,00392   0,01297   0.00773   0.01721   0.01205   0.00723
Dividend per Share      11.8²      29.0²      30.3²   0.00575¹   0.00126¹  
P/E Ratio (x)                  7.2       9.6

in million USD, unless otherwise stated
¹ in USD
² in IDR rupiah
Source: Adaro Energy, Annual Report 2013


Future Projection Adaro Energy's Financial Highlights:

      2012
    2013
   2014F    2015F    2016F
Net Revenue    3,722    3,285    3,636    3,872    3,900
Net Income      383      231      310      388      333
P/E Ratio (x)      7.2      9.6      8.8      7.0      8.1

in million USD, unless otherwise stated
Source: Adaro Energy, Annual Report 2013 & Investor Daily

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