Investor Update April 2022
Other Business: Coal business (SAR)
ptt
QoQ: NI improved due to rising avg. selling prices and sales volume as well as higher hedging gain
2021 vs 2020: NI increased from higher avg. selling prices referenced to Newcastle price surged and impairment of assets in 2020
Avg. Selling Price¹/ & Cash cost¹/
Unit: $/Ton
૨૦૧
184
I
Sales Volume
K.Ton
168
10%
I
137
6,366
9% QoQ
5% YoY
461
4%
6,136
75
Sebuku
>100%
95
89
Newcastle
7% 1
83
67
Avg. Selling
60
52
60
54%
1,784
Price
1,699
5,905
6,061 Jembayan
1,634
2%
Total Cash
14%
51
161
38
8
50
Costs
36
43
49
1,538
1,596
1,776
4Q20
3Q21
4Q21
2020
2021
1/ Average Calorific value
~
5,400 kcal/kg
4Q20
3Q21
4Q21
2020
2021
Net Income (100%)
Unit: MMUSD
>100% QoQ
>100% YoY
NI
I
(206.9)
69.7
Operating
3.0
profit 19.9
Extra
items (226.8)
>100%
97.8
(198.0)
21.3
(219.3)
4Q20
3Q21
4Q21
2020
2021
Key Highlights
૨૦૨
-
+ Avg. selling prices increased due to escalated Newcastle price
+ Higher sales volume from higher China's demand due to energy shortage crisis
+ NI improved mainly from increased avg. selling prices and sales volume with higher
commodity hedging gain (3Q21 = hedging loss)
2021 vs 2020
+ Avg. selling prices largely improved following referenced Newcastle price
Sales volume dropped from lower production plan and ceased operation of the Sebuku
coal mine
+ NI improved mainly from sharply increased avg. selling prices and there was
impairment of assets in 2020
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