Important Notice. Important Notice

Transcription

1 1

2 Important Notice Important Notice This presentation contains certain statements that are not statements of historical fact, i.e. forward-looking statements. Investors can identify some of these statements by forward-looking items such as expect, believe, plan, intend, estimate, anticipate, may, will, would, and could or similar words. However, you should note that these words are not the exclusive means of identifying forwardlooking statements. These forward-looking statements are based on current expectations, projections and assumptions about future events. Although Geo Energy Resources Limited believes that these expectations, projections, and assumptions are reasonable, these forward-looking statements are subject to the risks (whether known or unknown), uncertainties and assumptions about Geo Energy Resources Limited and its business operations. Some of the key factors that could cause such differences are, among others, the following: changes in the political, social and economic conditions and regulatory environment in the jurisdictions where we conduct business or expect to conduct business; the risk that we may be unable to realise our anticipated growth strategies and expected internal growth; changes in currency exchange rates; changes in customer preferences and needs; changes in competitive conditions in the dental services industry and our ability to compete under these conditions; changes in pricing for our services; and changes in our future capital needs and the availability of financing and capital to fund these needs. Given these risks, uncertainties and assumptions, the forward-looking events referred to in this presentation may not occur and actual results may differ materially from those expressly or impliedly anticipated in these forward-looking statements. Investors are advised not to place undue reliance on these forward-looking statements. Investors should assume that the information in this presentation is accurate only as of the date it is issued. Geo Energy Resources Limited s business, financial conditions, results of operations and prospects may have changed since that day. Geo Energy Resources Limited has no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. 2

3 Understanding Geo Coal Mining Specialist in Indonesia Headquartered in Jakarta with a corporate office in Singapore Mine Owner and Contractor having produced more than 4 million tonnes of coal since 2008 Owns BEK Mining Concession and has entered into conditional S&P agreements for five other mining concessions 3

4 4

5 Work Process Mine Owner Production Planning & Scheduling Crushing and Loading Coal Sale Secure and Maintain Licenses and Permits Coal Haulage Reclamation and Rehabilitation Land Clearing and Overburden Removal Coal Excavation Legend: Work activity undertaken by the Group 5

6 Work Process Mine Contractor Production Planning & Scheduling Crushing and Loading Coal Sale Secure and Maintain Licenses and Permits Coal Haulage Reclamation and Rehabilitation Land Clearing and Overburden Removal Coal Excavation Legend: Work activity undertaken by the Group Work activity undertaken by third party mine owner 6

7 Our Track Record Location Site Area Period of Operations Calorific Value (GAR) (Kcal/Kg) Coal Produced (Tonnes) Banjar Regency, South Kalimantan Kutai Kartanegara Regency, East Kalimantan Kutai Kartanegara Regency, East Kalimantan Samarinda City, East Kalimantan Paser Regency, East Kalimantan Kutai Kartanegara Regency, East Kalimantan 156 ha Oct 2008 Jul 2009 >3, , ha Aug 2009 Jun 2010 >5, , ha Nov 2009 Sep 2012 >5, , ha July 2010 Sep 2012 >5,500 1,100, ha Dec 2010 May 2011 >3,500 87, ha June 2011 Mar 2012 >5, ,000 7

8 BEK Mine Concession 4,570 ha in Kutai Barat Regency, East Kalimantan 6 year mine life based on 12.5m tonnes of reserves 30.7m tonnes of resources in addition to reserves Approximately 1,438,000 tonnes of coal produced as at 31 Mar 2013 Calorific value in excess of 3,400 GAR Commenced production in February 2012 Concession period of 20 years, commencing April

9 Key milestones for the BEK Concession Area Jan 2012 Land Clearing 31 Dec ,000 tonnes of coal produced Feb 2012 Overburden Removal Coal Extraction 31 Mar ,438,000 tonnes of coal produced 9

10 Mine Contracting Services PT Bumi Jaya Prima Etam Entered into Mining Services Agreement and Coal Sale and Purchase Agreement for Block I and II Overburden removal and coal hauling services 10

11 Our Customers Geo Energy Resources FY2012 Revenue (US$'m) Coal Traders and Export Companies (Coal Sales) Other Mine Owners (Mine Contracting Services) Power plants, cement factories and other industrial users Indonesia China South Korea 11

12 Competitive Strengths Experienced management with extensive knowledge of the Indonesia coal industry Extensible customer network and established reputation Owns and operates a comprehensive fleet of mining equipment and mining facilities Cordial working relationship with regulatory authorities and communities 12

13 Experienced Management Team Mr. Charles Antonny Melati, Executive Chairman Mr. Melati is one of the founders of the Group and oversees the overall strategic directions and expansion plans for the growth and development of the Group Extensive commercial contacts within the Indonesian coal mining industry players; good relationships with the relevant regulatory authorities Mr. Dhamma Surya, CEO Mr. Surya is one of the founders of the Group and is responsible for the overall business and general management of our Group Responsible for day-to-day ground operations at Group s coal mining sites; conversant with the Group s mining operations Mr. Huang She Thong, Executive Director Mr. Huang is one of the founders of the Group and oversees the business developments and sales targets of our Group Hands on management of coal mining operations; extensive participation in coal mining seminars & conferences Mr. James Beeland Rogers Jr, Non-Executive Director Mr. Rogers joined the Group in December 2012 Renowned international investor with active interests and extensive knowledge in the mining and energy industries 13

14 Corporate Initiatives Worker Health and Safety Standards Environmental Matters and Auditing Corporate Social Responsibility 14

15 15

16 Indonesian Coal Industry 161 billion tonnes of coal resources in Indonesia More than 30% found in East Kalimantan Source: Ministry of Energy and Mineral Resources, Republic of Indonesia, February

17 Indonesian Coal Long Term Outlook Source: Asia Pacific Mining Conference Indonesia (APMCI) 2012, October 2012, Bob Kamandanu 17

18 Coal Demand Japan Market Japan will buy more lower-grade thermal coal to cut power-generation costs China and India Market Global coal demand growth expected to remain strong China coal imports in 2012 totalled 227m tonnes Indian coal imports expected to rise to approx. 110m tonnes in 2013/14 Indonesia Market Domestic coal demand is expected to grow from 60.0m tonnes (2010) to 300m tonnes (2025) Indonesia is world largest coal exporter in 2011* *Source: Statistics for 2012 are not yet available / Bloomberg 18

19 Why Indonesian Coal? Source: 19

20 Why Indonesian Coal? Source: 20

21 Market Developments New Mining Law (30 Sep 2012) - Mine owners are required to carry out coal production and sale activities Geo Energy has transformed into a fullfledged mining contractor with mining services capabilities 21

22 22

23 Overburden Removal BCM ( 000) Coal Cooperation Contracts BEK Mining Services 4,154 13,945 8,707 8,029 1,912 1,688 FY2010 FY2011 FY2012 1Q

24 Coal Production Coal Cooperation Contracts BEK Tonnes ( 000) FY2010 FY2011 FY2012 1Q

25 Coal Sales Volume Sales Volume ( 000 tonnes) Coal Cooperation Contracts BEK FY2010 FY2011 FY2012 1Q

26 Revenue and Gross Profit Margin 100 Revenue (US$'m) Gross Profit Margin (%) FY2010 FY2011 FY2012 1Q2012 1Q

27 Group Net Profit and Net Profit Margin 30 Group Net Profit Net Profit Margin (%) FY2010 FY2011 FY2012 1Q2012 1Q

28 Our Fleet Of Mining Equipment Dec-10 Dec-11 Dec-12 Mar-13 Articulated Compact Bulldozer Dump Truck HD Truck 7 Excavator Grader Hauling Truck Wheel Loader Total

29 Our Fleet Of Mining Equipment HE Type Brand Model Unit Articulated CAT Volvo A40E 10 Volvo A40F 21 Bulldozer CAT D6R 1 CAT D6R XL 2 CAT D7G 11 CAT D8R 4 CAT D9R 2 CAT D10T 2 Bulldozer Komatsu D85E-SS-2 6 Komatsu D375A-5 2 HD Truck CAT 773E 7 Dump Truck Nissan CWB45ALDN 63 Hino FM260 JD 26 Hino FM260 TI 2 Hino FM320 JD 5 Manhaul Hino FM320 JD 2 HE Type Brand Model Unit Fuel Truck Hino FM320 JD 1 Service Truck Hino FM320 JD 1 Hauling Truck Scania P420CB 14 Excavator CAT 320 D 9 CAT 330 DL 7 CAT 336 DL 5 CAT 345 DL 16 Excavator Komatsu PC400L8E-8 6 Komatsu PC Excavator Hitachi ZX870H-5G 3 Hitachi ZX879 H 1 Grader CAT 120 H 2 CAT 14 M 2 CAT 160 K 2 Wheel Loader CAT 966 H 6 Compact CAT CS-533E 1 Total (As at Mar 2013)

30 30

31 Future Plans Acquisition of new mining concessions Securing new mining services contracts Acquisition of additional mining equipment Broadening customer base regionally 31

32 Recent Mining Concession Acquisitions PT Kencana Wilsa PT Karya Permata Prima PT Central Coalindo Utama PT Bomboy Central Prima Coal PT Surya Tambang Tolindo Kutai Barat Regency, East Kalimantan 5,010ha 4,000 kcal/kg (GAR) Kutai Barat Regency, East Kalimantan 6,350ha 6,500 kcal/kg (GAR) Kutai Barat Regency, East Kalimantan 5,094ha 5,500 kcal/kg (GAR) Kutai Barat Regency, East Kalimantan 4,923ha 5,000 6,500 kcal/kg (GAR) Kutai Barat Regency, East Kalimantan 4,600ha 7,200 kcal/kg (GAR) and Semi-Coking Coal 32

33 Map of New Mining Concessions 1. Kencana Wilsa 2. Central Coalindo Utama 3. Bomboy Central Prima Coal 4. Karya Permata Prima 5. Surya Tambang Tolindo 33

34 34

35 Investment Merits Robust Coal Demand Comprehensive Fleet of Mining Equipment Asset Owner with Potential for Growth and Strong Local Knowhow Experienced Management Team 35

36 Investor Relations Financial PR Pte Ltd Romil SINGH, Associate Director Jonathan THEO, Associate T: F:

37 Appendix 37

38 Company Pictures - Operations 38

39 Company Pictures - Operations 39

40 Company Pictures Machinery Fleet 40

41 Company Pictures Machinery Fleet 41

42 Company Pictures CSR 42

43 Company Pictures CSR 43