Investor Presentaiton
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Delta / BUMA - Key Financial Highlights (1)
Delta Dunia
■ Reporting Currency. Delta and BUMA changed the reporting currency from Rupiah to its functional
currency, US Dollars, starting from the FY 2012 audited financial report.
■ Depreciation Policy. With effect from January 1, 2013, BUMA adopted a straight-line method for
commercial/accounting depreciation policy to be in-line with the industry standard.
BUMA Key Highlights:
Net revenue (excl. fuel) declined by 10% YoY to US$489 million in 9M 2013 on lower volume.
EBITDA declined by 16% YoY to US$151 million in 9M 2013 as fixed costs can not adjust as quickly as customer
volumes.
EBITDA margin to net revenue contracted to 31% versus 32.8% in 9M 2012 and 32.1% in 4Q 2012.
Management continues to put persistent focus on cost reduction.
BUMA significantly scaled back capital expenditures during 9M 2013 to US$17mn versus US$239 million
spent in 9M 2012. Around 68% was for replacement capex, 21% for infrastructure at mine sites and others made
up the balance. Depreciation expenses amounted to US$90.5 million (down 30% YoY)
Total debt as of the end of Sept 2013 was US$904 million versus US$927 million in December 2012.
Delta Key Highlights:
Delta 9M 2013 consolidated EBITDA was at US$150 million
Total consolidated net debt as of the end of September 2013 was US$716 million
We posted a net loss of US$13 million in 9M 2013View entire presentation