COMPANY REPORT

ADRO
ADARO ENERGY TBK

Company Profile
PT Adaro Energy Tbk (formerly PT Padang Karunia) (the “Company”) was
established by Notarial Deed No. 25 dated 28 July 2004 of Sukawaty Sumadi, S.H.,
Notary in Jakarta.
In accordance with Article 3 of the Articles of Association, the Company is engaged
in trading, services, industry, coal hauling, workshop activities, mining and
construction. The Company’s subsidiaries are engaged in coal mining, coal trading,
mining contractor services, infrastructure, coal logistics and power plant services.
The Company commenced its commercial operations in July 2005. The Company’s
head office is domiciled in Jakarta and located at Menara Karya Building, 23rd floor,
Jln. H.R. Rasuna Said Block X-5, Kav. 1-2, South Jakarta.

January 2010

Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
Adaro Energy Tbk ADRO
Company Report : January 2010 As of 29 January 2010
Main Board Individual Index : 171.818
Industry Sector : Mining (2) Listed Shares : 31,985,962,000
Industry Sub Sector : Coal Mining (21) Market Capitalization : 60,453,468,180,000

COMPANY HISTORY SHAREHOLDERS (January 2010)

Established Date : 28-Jul-2004 1. PT Adaro Strategic Investments 14,045,425,500 43.91%
Listing Date : 16-Jul-2008 2. Garibaldi Thohir 2,065,100,654 64.60%
Under Writer IPO :
PT Danatama Makmur DIVIDEND ANNOUNCEMENT
Securities Administration Bureau : Bonus Cash Cum Ex Recording Payment
PT Ficomindo Buana Registrar Year Shares Devidend Date Date Date Date F/I
Mayapada Tower 10th Fl. Suite 02 B 2008 11.80 25-Aug-09 26-Aug-09 28-Aug-09 11-Sep-09 F
Jl. Jend. Sudirman Kav. 28 Jakarta 12920 2009 12.00 11-Dec-09 14-Dec-09 16-Dec-09 30-Dec-09 I
Phone : 521-12316, 521-2320
Fax : 521-2320 ISSUED HISTORY
Listing Trading
BOARD OF COMMISSIONERS Type of Listing Shares Date Date
1. Edwin Soeryadjaya 1. First Issue 11,139,331,000 16-Jul-08 16-Jul-08
2. Djoko Suyanto *) 2. Company Listing 20,846,631,000 16-Jul-08 16-Jul-08
3. Lim Soon Huat
4. Palgunadi Tatit Setyawan *)
5. Subianto
6. Theodore Permadi Rachmat
*) Independent Commissioners

BOARD OF DIRECTORS
1. Garibaldi Thohir
2. Alastair Bruce Grant
3. Andre Johannes Mamuaya
4. Chia Ah Hoo
5. Christian Ariano Rachmat
6. David Tendian
7. Sandiaga S. Uno

AUDIT COMMITTEE
1. Palgunadi Tatit Setyawan
2. Irwandy Arif
3. Mamat Ma'mun

CORPORATE SECRETARY
Andre Johannes Mamuaya

HEAD OFFICE:
Menara Karya, 23rd Fl.
Jln. H.R. Rasuna Said, Blok X-5, Kav. 1-2, Jakarta 12950
Phone : (021) 521-1265
Fax : (021) 5794-4687

Homepage : http://www.adaro.com
Email : corpsec@ptadaro.com; andre.mamuaya@ptadaro.com
Adaro Energy Tbk ADRO
TRADING ACTIVITIES
CLOSING PRICE* AND TRADING VOLUME
ADARO ENERGY TBK Closing Price Freq. Volume Value
JULY 2008 - JANUARY 2010 Month High Low Close (X) (Thou. Sh) (Million Rp) Day
2,100 700 Jul-08 1,760 1,500 1,690 25,651 1,831,006 3,057,679 11
Aug-08 1,680 1,490 1,540 8,214 769,352 1,201,053 20
Sep-08 1,550 1,240 1,400 8,683 751,897 1,082,680 21
1,800 600
Oct-08 1,350 490 680 8,436 766,650 542,196 16

Volume (Million Shares)

Nov-08 850 460 520 9,741 359,268 218,578 20
1,500 500 Dec-08 550 460 485 9,200 307,236 155,201 19
Jan-00 - - - - - - -
Jan-09 760 485 740 14,818 627,997 409,536 19
Closing Price*

1,200 400
Feb-09 890 710 770 10,870 369,076 297,189 20
Mar-09 1,000 710 880 12,670 615,398 545,300 20
900 300 Apr-09 1,060 880 1,020 34,216 1,232,844 1,201,294 20
May-09 1,360 1,000 1,340 46,156 1,557,279 1,868,507 20
Jun-09 1,450 1,050 1,200 57,577 3,650,746 4,592,454 22
600 200
Jul-09 1,300 1,070 1,280 29,339 15,054,731 16,952,862 21
Aug-09 1,520 1,260 1,360 58,823 2,316,697 3,224,002 20
300 100 Sep-09 1,440 1,310 1,430 30,056 1,046,865 1,441,429 18
Oct-09 1,630 1,370 1,540 51,434 2,056,029 3,091,310 22
Nov-09 1,770 1,490 1,740 52,740 2,981,716 4,983,879 20
- - Dec-09 1,780 1,650 1,730 25,903 1,492,509 2,545,435 19
Jul-08 Jan-09 Jul-09 Jan-10 Jan-00 - - - - - - -
Jan-10 2,075 1,730 1,890 61,583 2,799,639 5,331,665 20
Feb-10 - - - - - - -
CHANGE OF CLOSING PRICE, Mar-10 - - - - - - -
MINING INDEX AND JAKARTA COMPOSITE INDEX
Apr-10 - - - - - - -
JULY 2008 - JANUARY 2010
May-10 - - - - - - -
30% 30%
Jun-10 - - - - - - -
Jakarta Composite Index Jul-10 - - - - - - -
15% Mining Index 15% Aug-10 - - - - - - -
Closing Price Sep-10 - - - - - - -
0 0 Oct-10 - - - - - - -
Nov-10 - - - - - - -
-15% -15% Dec-10 - - - - - - -
Jan-00 - - - - - - -
Jan-11 - - - - - - -
-30% -30%
Feb-11 - - - - - - -
Mar-11 - - - - - - -
-45% -45%
Apr-11 - - - - - - -
May-11 - - - - - - -
-60% -60% Jun-11 - - - - - - -
Jul-11 - - - - - - -
-75% -75% Aug-11 - - - - - - -
Sep-11 - - - - - - -
-90% -90% Oct-11 - - - - - - -
Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Nov-11 - - - - - - -
Dec-11 - - - - - - -
Jan-00 - - - - - - -
SHARES TRADED 2006 2007 2008 2009 Jan-10 Jan-12 - - - - - - -
Volume (Million Sh) - - 4,785 33,002 2,800 Feb-12 - - - - - - -
Value (Billion Rp) - - 6,257 41,153 5,332 Mar-12 - - - - - - -
Frequency (X) - - 69,925 424,602 61,583 Apr-12 - - - - - - -
Days - - 107 241 20 May-12 - - - - - - -
Jun-12 - - - - - - -
Price (Rupiah) Jul-12 - - - - - - -
High - - 1,760 1,780 2,075 Aug-12 - - - - - - -
Low - - 460 485 1,730 Sep-12 - - - - - - -
Close - - 485 1,730 1,890 Oct-12 - - - - - - -
Close * - - 485 1,730 1,890 Nov-12 - - - - - - -
Dec-12 - - - - - - -
PER (X) 0.00 0.00 17.49 11.81 12.90 Jan-00 - - - - - - -
PER Industry (X) 0.00 0.00 19.09 26.37 25.29 Jan-13 - - - - - - -
PBV (X) 0.00 0.00 1.11 3.24 3.53 Feb-13 - - - - - - -
*) Adjusted price after corporate action Mar-13 - - - - - - -
Apr-13 - - - - - - -
May-13 - - - - - - -
Adaro Energy Tbk ADRO
Financial Data and Ratios
Public Accountant : Haryanto Sahari & Co. - PricewaterhouseCoopers Book End : December

BALANCE SHEET Dec-2005 Dec-2006 Dec-2007 Dec-2008 Sep-2009

TOTAL ASSETS AND LIABILITIES
(Million Rp except Par Value) (in Billion Rupiah)
Cash & Cash Equivalents 2,415,853 4,966,012
37,500
Accounts Receivable 2,349,929 3,462,274
30,000
Inventories 304,670 359,009 Assets Liabilities
Current Assets 7,856,799 10,044,978 22,500
Fixed Assets 5,924,184 7,453,944
Other Assets 30,577 26,923 15,000

Total Assets 33,720,170 36,712,950

8.88% 7,500
Growth (%)

0
Current Liabilities 6,721,627 7,377,234 2005 2006 2007 2008 Sep-09
Long Term Liabilities 12,970,919 12,074,800
Total Liabilities 19,692,546 19,452,034
Growth (%) -1.22% TOTAL EQUITY (in Billion Rupiah)

Minority Interest 18,379 158,750 17,102

17,102

Authorized Capital 8,000,000 8,000,000 14,009

Paid up Capital 3,198,596 3,198,596 13,682

Paid up Capital (Shares) 31,986 31,986

Par Value 100 100
10,261

Retained Earnings 422,141 3,559,344 6,841

Total Equity 14,009,245 17,102,166

Growth (%) 22.08% 3,420

INCOME STATEMENTS (Million Rp)

2005 2006 2007 2008 Sep-09
Total Revenues 18,092,502 20,013,679
Growth (%)
TOTAL REVENUES (in Billion Rupiah)
Expenses 13,149,270 11,598,298
Gross Profit 4,943,232 8,415,381 20,014
20,014
18,093
Operating Expenses 731,374 839,572
Operating Profit 4,211,858 7,575,809 16,011

Growth (%)
12,008

Other Income (Expenses) -1,287,154 -799,738

Income before Tax 2,924,704 6,776,071 8,005

Tax 1,601,976 3,179,750

4,003

Minority Interest 63,601 -72,052

Net Income 887,198 3,514,637 0

Growth (%) 2005 2006 2007 2008 Sep-09

RATIOS
Current Ratio (%) 116.89 136.16 TOTAL INCOME (in Billion Rupiah)
Dividend (Rp) 11.80 12.00
3,515
EPS (Rp) 27.74 109.88 3,515

BV (Rp) 437.98 534.68

DAR (X) 0.58 0.53 2,812

DER(X) 1.41 1.14

2,109

ROA (%) 8.67 18.46

ROE (%) 20.88 39.62 1,406

GPM (%) 27.32 42.05 887

OPM (%) 23.28 37.85 703

NPM (%) 4.90 17.56

0
Payout Ratio (%) 42.54 10.92
2005 2006 2007 2008 Sep-09
Yield (%) 2.43 0.69