December 2014 PUBLIC EXPOSE YOUR LOGO

Transcription

1 December 2014 PUBLIC EXPOSE

2 Index About PT Cakra Mineral Tbk Cakra Mineral Projects Cakra Mineral end game Financial Performance Page 2

3 1 About PT Cakra Mineral Tbk

4 About PT Cakra Mineral Tbk Iron Ore Asset PT Persada Indo Tambang Diverse Line of Business First Zircon & Titanium Sands Exporter in Indonesia Collaborating with Zhejiang Baoli to build Ferronickel Smelter Collaborating with Z&N International Co. Ltd to build Pig-Iron Smelter Has Integrated Mining Business Segments Ranging from Exploration, Mining, Processing to Marketing Page 4

5 Milestones Q Joint Venture on Coking coal Projects containing 3 tenements, acquisition of Zinc and lead tenements, September 2014 Joint Venture with Z&N International Co. Ltd on Pig-Iron Smelter Factory August 2014 CKRA acquired Murui Jaya Perdana that has interest in Zircon Sand tenements July 2014 CKRA Successfully attained an Export Permits on Titanium Sands June 2014 Joint Venture with Zhe Jiang Baoli on Nickel Smelter Factory March 2014 CKRA Successfully attained an Export Permits for Zircon Sands January 2014 Indonesia government has banned on Raw Material Export 18 December 2013 CKRA Acquired Dunestone Development that has interest in Zircon Sand tenements 2 June 2012 The Company acquired an Iron Ore tenement PT Persada Indo Tambang Page 5 2 April 2012 Redstone Resources acquired Cakra Mineral with 80.89% total Shares

6 Portfolio PRODUCTION Two Operating Mines Mines located in Indonesia producing 8,000 10,000 tones of zircon sand annually PROCESSING Added Value Added value to raw mineral resources TRADING Export or Local Sales Meet Domestic and International Demand Takaras Inti Lestari Located in Central Kalimantan Indonesia Murui Jaya Perdana Located in Central Kalimantan Indonesia Cakra Baoli Ferronickel Located in Southeast Sulawesi Indonesia Cakra Smelter Indonesia Located in North Sumatra Indonesia Cakra Mineral Tbk Located in Central Jakarta Indonesia Page 6

7 2 Cakra Mineral Projects

8 Cakra Mineral Projects Iron Ore Zircon & Titanium Ferro-nickel Smelter Pig Iron Smelter Coking Coal Zinc and Lead

9 In Millions US Dollar Iron Ore 88% Persada Indo Tambang Iron Ore Mining Financial Projection Yr 2016 Yr 2017 Yr 2018 Yr 2019 Yr 2020 Persada Indo Tambang Overview Sales Net Profit Iron Ore Tenement Located in Sungai Kunyit, Padang, South Sumatra Province, Indonesia Persada Indo Tambang Total Resource of Iron Ore is around 4 million tones Total Capacity Production of 8000 MT / month Iron Ore that PIT produced will be supplied for Cakra Smelter Indonesia in Pig Iron Smelter Project Page 9

10 Zircon & Titanium 55% 55% Takaras Inti Lestari CKRA has acquired 55% ownership Murui Jaya Perdana CKRA has acquired 55% ownership Takaras Inti Lestari Overview Zircon Sand Tenement Located in Palangka Raya City, Central Kalimantan Province, Indonesia First Zircon Sand Company that successfully attained export permits and exported on March 2014 Total Capacity Production of 1500 MT / month Zircon Sand Tenement Murui Jaya Perdana Overview Located in Palangka Raya City, Central Kalimantan Province, Indonesia Operation and production tenement that supplies its Raw Zircon Sands to TIL to get processed and exported. Total resource of Zircon Sand is around 5,3 million tones Page 10

11 Ferro-nickel Smelter Joint Venture Zhe Jiang Baoli Mining (China) 50.1% 49.9% Ferronickel Smelter Plan Total Investment: ± USD 68 Million Production Capacity: 42,000 MT Ferronickel Grade: 8 12% of Ni content Input vs Output: 12 : 1 Offtake Agreement with PT Jagad Rayatama for laterite nickel feedstock. Output Price: USD USD 18,000 Power Supply: 5-10 MW The Net Present Value of the project is at USD 379 million The Project IRR (10 year) is at 16.87% Net Profit Margin would be at 15.45% EBITDA generated (full year) is at USD 18.2 million Payback period is at 3,5 years without 1 year construction period. Page 11

12 Pig Iron Smelter Joint Venture Z&N International Co.Ltd Persada Indo Tambang Supply Contract 51% Iron Ore Smelter Plan 49% 2 Stage of Iron Ore Smelter Plan: Stage I From Iron Ore to Pig Iron Total Investment: ± USD 35 Million Start Production: Quarter Production Capacity: 200,000 MT / Annum Input vs Output: 1.5 : 1 Stage II From Pig Iron to Steel (Wire Rod) After completing Stage I, Company will progress to Stage II Page 12

13 Coking Coal 51% Central Kalimantan Coal Ltd Twinpine Management Ltd. Consist of Potential Six High Quality Coking Coal IUP Signed NDA & MOU Tambang Benua Alam Raya Overview Ketungau Nusa Raya Located in Murung Raya Regency, Central Kalimantan Province, Indonesia Adjacent to BHP Biliton s Juloi tenement, straddling the Barito River High quality metallurgical coal project in Indonesia ±250 million Mt Measured, Indicated & Inferred Resource Low ash, low sulphur, and high calorific value Tambang Benua Alam Raya Silangkop Nusa Raya Low operating cost & capital investment required (Infrastructure for ship loading already in placed) Domestic Coking Coal demand is guaranteed, because Posco and Wisco s major steel mills in YOUR Java need LOGO minimum of 20% coal come from Indonesia

14 Current CKRA Structure West Sumatera Persada Indo Tambang Southeast Sulawesi Cakra Baoli Ferronickel Takaras Intilestari Central Kalimantan Murui Jaya Perdana Persada Indo Tambang Takaras Intilestari Murui Jaya Perdana Cakra Baoli Ferronickel Cakra Smelter Indonesia Working Interest 88% 55% 55% 50,1% 51% Status Operation & Production Under Construction Resources ± 5 million tons ± 0.5 million tons ± 5.4 million tons Working Interest Status Production Capacity Annually Under Construction ± 42,000 tones ±200,000 tones Area 2,936 hectares 1,365 hectares 1,136 hectares Area 30 hectares 30 Hectares Page 14

15 3 Cakra Mineral end game

16 Cakra Mineral end game Holding Company 100% InterZircon Twinpine Management Ltd. Iron Ore Smelter 55% Takaras Inti Lestari 55% Murui Jaya Perdana 25% Persada Indo Tambang 88% 50.1% Cakra Baoli Ferronickel 51.49% Cakra Smelter Indonesia Coking Coal Assets TBAR KNR SNR Page 16

17 Financial Performance Description (in millions of Rupiah) 3Q13 3Q14 %Change Sales (14,72%) Cost of Goods Sold ,69% Profit (Loss) (9.302) (739,92%) Total Assets ,59% Cash and Cash Equivalents (55,25%) Total Liabilities with Interest ,56% Equity ,06% Debt to Equity Ratio 0,80 1,27 58,30 Page 17

18 Property of : THANK YOU Page 18