Airport and Energy Business Overview
Coal Assets - PT GEMS Performance YoY
GAR
(figures in INR mn)
Particulars
Q4 FY2020
Golden Energy Mines
Q4FY2021
FY2020
FY2021
Sales Vol. (mn tons)
10.2
9.4
31.0
34.0
Revenues
24,466
20,473
77,776
78,620
EBITDA
2,092
3,471
8,219
11,294
PAT
1.395
2,255
4,689
7,100
•
O Production
6% YoY to 9.5 mn tons in Q4FY21. Production for FY21 9% YoY
• Sales volumes
9% YoY in Q4 FY21. Sales volume for FY21
10% YoY
Realisation
14% YoY to USD 29.7/ton in Q4 FY21 from USD 34.7/ton in Q4 FY20, mainly
because of the decline in the global market prices due to Covid
• Reduced Per ton Costs by 22% YoY to USD 24.6/ton in Q4 FY21, due to lower strip ratio and lower
tier rate to the contractors
⚫ EBITDA per ton USD 2.0/ton YoY to USD 5/ton in Q4 FY21, despite the lower prices as a result
of proactive efforts to lower stripping cost and reducing cost of production.
Subsequent Improvement in Indonesian coal prices have resulted into the better profitability
✓ Indonesian coal prices have increased after touching lows in Sep 2020 to USD 56-58/ ton currently
✓ PTGEMS Q1CY21 (Jan 2021 - March 2021) performance has significantly improved and achieved EBITDA
of USD 135 mn translating to an EBITDA/ ton of USD 15.2
Note: Financials at 100% levely | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual
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