Adaro Energy update: Maritim Barito Perkasa

Wednesday, February 5 2014 - 12:12 AM WIB

The following is an edited excerpt from IDX-listed energy firm PT. Adaro Energy 's quarterly report released on Tuesday. (ed)

PT Maritim Barito Perkasa (MBP)
MBP is a key barging and ship loading contractor for AI. During 4Q13, coal volume from AI accounted for 95% and 100% of MBP?s total coal barged and coal loaded to ships, respectively. MBP increased coal barged by 6% q-o-q and 2% y-o-y to 7.49 Mt due to an increase in coal production from AI. Total coal loaded decreased 5% q-o-q due to rough swell conditions at the Taboneo anchorage, while it increased 25% y-o-y. (end of edited excerpt)

MBP Operating Highlights
Actual Quarter on Quarter Year on Year
Units 4Q13 3Q13 % Change 4Q12 % Change
Total Coal Barged Mt 7.49? 7.07 6% 7.32 2%
Adaro Mt 7.12 6.67 7% 6.92 3%
Others Mt 0.37 0.41 -10% 0.40 -7%
Total Coal Loaded Mt 6.11 6.43 -5% 4.90 25%
Adaro Mt 6.11 6.43 -5% 4.90 25%
Others Mt - - - - -

?

FY13 vs FY12
? Units FY13 FY12 % Change
Total Coal Barged MT 27.36 22.48 22%
Adaro MT 25.85 21.47 20%
Others MT 1.51 1.01 50%
Total Coal Loaded MT 20.83 15.61 33%
Adaro MT 20.83 15.61 33%
Others MT - - -

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