Investor Presentaiton
The Evolution of Bayan Resources (1/2)
Successfully developing the Tabang mine and the associated infrastructure on time and within budget has enabled Bayan to
triple its production since 2016. Growth has historically been, and will continue to be, achieved at very low levels of capex
Overview
Coal Production and Strip Ratios
•
Bayan is committed to the development of the Tabang Concession and
associated infrastructure, repositioning itself as a low cost, low strip ratio
producer of low sulphur, low ash, sub-bituminous coal
• The commencement of mining at Bara Tabang in 2014 and subsequent
ramp-up of the Tabang concession have been instrumental in delivering
Bayan:
-
-
Production stability and tangible low capex brownfield growth with
initial infrastructure development mostly completed; and
- A significant decline in average strip ratios and group cash costs,
driving EBITDA growth and some of the best EBITDA margins in the
industry
Any brownfield production growth at Tabang mine will be supported by
internally generated cash flow, and remains discretionary assuming coal
prices going forward are supportive, giving Bayan the flexibility to
manage its growth
• This has been achieved despite the external challenges posed by coal
price uncertainty and volatility
Mt
40
40
30
30
20
20
2020 production of 30.2Mt
Perkasa
Wahana
Teguh
Tabang
Strip Ratio
31.9
30.2
28.9
20.9
5.1x
4.0x
4.8x
25.2
4.0x
22.7
24.4
3.4x
15.6
9.7
10
6.1
3.4
3.0
3.5
3.2
2.0
1.1
1.1
1.5
1.4
1.1
0.5
0
1.2
1.2 0.4
1.3
0.4
1.2
2016
2017
2018
2019
2020
21
10
Coal Sale Specifications (1)
512
310
Calorific
Value
4,843
4,706
4,689
4,712
4,623
(kcal/kg
GAR)
Note
(1)
Based on a weighted average of coal sold
7
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