Investor Presentaiton
Key Highlights -1H 2021 (30th June 2021)
1
2
3
Consolidated revenues was 9% higher at US$142.4mn, compared to US$130.1mn in the same period last year, supported by
higher average gold selling price of US$1,802 per oz compared to US$1,656 per oz.
EBITDA was 5% higher at US$75.5mn, net profit recorded 24% higher at US$32.6mn compared to same period last year.
Ore processed reached 1.75mn tons, 3% higher compared to 1.70mn tons in the same period last year. Average gold head grade
of ore processed lower from 1.81 g/t to 1.66 g/t. Consequently, gold production was 6% lower at 81.6 koz compared to 86.4 koz in
the same period last year.
4
5
Promising results from the ongoing exploration program at the high grade Bima gold deposit in Western Corridor.
Total net debt was at US$314.2mn, reflecting debt to equity ("DER") ratio of 1.7x, a significant improvement compared to 4.1x as
at 31st December 2020.
6
Capex during 1H 2021 amounted to US$76.2mn. All capex spending was funded from internal cash.
7
Company listed its shares on Indonesia Stock Exchange ("IDX") main trading board on the 28th June 2021.
Company is expected to achieve gold production of 138 koz - 148 koz in 2H 2021, bringing total gold production to 220 koz -
230 koz for the full year 2021 based on the current mine, reflecting 5% -10% growth in the gold produced YoY.
Note: Information as of 30 June 2021.
5View entire presentation