QUARTERLY REPORT
PT ANTAM TBK
For the First Six Month Ended June 30, 2022
ARBN - 087 423 998
Securities Ticker: ASX: ATM, IDX: ANTM
Pomalaa Ferronickel Plant | Pongkor Gold Processing Plant | Tayan Bauxite Mine |
HIGHLIGHTS
ANTAM Sales Performance for the first six month period of 2022 (1H22) booked at Rp18.77 trillion an increase of 9% from the first six month period revenue in 2021 (1H21) of Rp17.28 trillion.
ANTAM's booked unaudited ferronickel production volume within 1H22 at 11,982 ton nickel within ferronickel (TNi), with unaudited ferronickel sales volume amounted to 9,622 TNi.
In 1H22, ANTAM's unaudited nickel ore production amounted 4.39 million wet metric ton (wmt), which was used as ore feed for ANTAM's ferronickel plant as well as being sold to domestic market. ANTAM's unaudited nickel ore sales in 1H22 reached at 3.04 million wmt.
ANTAM record unaudited gold sales figure in 1H22 reached of 13,469 kg (433,038 troy oz),
with unaudited production volume amounted to 673 kg (21,637 troy oz).
In 1H22, ANTAM's unaudited bauxite production volume amounted 880,618 wmt, which was used as ore feed for alumina production and as well as being sold to the third party customer.
Meanwhile, the unaudited bauxite sales volume in 1H22 reached 661,266 wmt.
ANTAM Conducted Annual General Meeting of Shareholders Financial Year 2021.
ANTAM Maximizes Greenhouse Gas Emission Reduction to Maintain Sustainability.
CORPORATE INFORMATION AS PER JUNE 30, 2022
Board of Commissioners | |
F.X. Sutijastoto | President Commissioner and Independent Commissioner |
Gumilar Rusliwa Somantri | Independent Commissioner |
Anang Sri Kusuwardono | Independent Commissioner |
Bambang Sunarwibowo | Commissioner |
Dilo Seno Widagdo | Commissioner |
Board of Directors | |
Nicolas D. Kanter | President Director |
I Dewa Wirantaya | Director of Operations and Production |
Dolok Robert Silaban | Director of Business Development |
Elisabeth RT Siahaan | Director of Finance and Risk Management |
Basar Simanjuntak | Director of Human Resources |
Share Information
- ANTAM's market capitalization as at June 30, 2022 was Rp43.26 trillion.
- ANTAM's share prices on the Indonesia Stock Exchange (IDX) hovered within the range of Rp1,725-Rp2,900 per share during January-June 2022.
- ANTAM's average share price on the IDX during 1H22 period was Rp2,288 per share.
- ANTAM's average share price on the ASX during 1H22 period was AU$1.16 per CDI.
Top 10 Public Shareholders:
- PT INDONESIA ASAHAN ALUMINIUM (PERSERO)
- BNYM RE BNYMLB RE EMPLOYEES PROVIDENTFD BOARD-2039927326
- DJS KETENAGAKERJAAN PROGRAM JHT
- DJS KETENAGAKERJAAN PROGRAM JP
- JUNI SETIAWATI WONOWIDJOJO
- JPMCB NA RE - VANGUARD EMERGING MARKETS STOCK INDEX FUND
- JPMCB NA RE-VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND
- DJS KETENAGAKERJAAN PROGRAM JAMINAN KECELAKAAN KERJA
- CACEIS BANK, LUXEMBOURG BRANCH / CANDRIAM EQUITIES L
- CACEIS BANK, LUXEMBOURG BRANCH/ LOMBARDODIER FUNDS
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PRODUCTION VOLUME (UNAUDITED)
2Q21 | 1H21 | 2Q22 | 1H22 | ||||||
Commodity | Unit | (Apr - Jun) | (Jan - Jun) | (Apr - Jun) | (Jan - Jun) | ||||
2021 | 2021 | 2022 | 2022 | ||||||
Ferronickel | TNi | 6,379 | 12,679 | 6,301 | 11,982 | ||||
Nickel Ore | Wmt | 2,705,638 | 5,342,661 | 1,477,420 | 4,394,525 | ||||
Gold | Kg/t oz | 428/13,761 | 718/23,084 | 304/9,773 | 673/21,637 | ||||
Silver | Kg/t oz | 2.929/94,169 | 5,130/164,933 | 1,675/53,852 | 3,781/121,561 | ||||
Bauxite | Wmt | 536,773 | 1,094,127 | 411,296 | 880,618 | ||||
Alumina | Ton | 13,395 | 28,710 | 40,063 | 73,893 | ||||
PRODUCTION AND SALES | During the second quarter of 2022 (April - | ||||||||
During the first six month period of 2022 | June 2022, 2Q22) unaudited ferronickel | ||||||||
production reached 6,31 TNi, grows 11% | |||||||||
(January - June 2022, 1H22) ANTAM marks | compared to the first quarter 2022 (Jan - | ||||||||
an unaudited revenue of Rp18.77 trillion, a | Mar 2022, 1Q22) production of 5,681 TNi. | ||||||||
rise to 9% compared to the first six month | Meanwhile, production volume within the | ||||||||
period of 2021 revenue of Rp17.28 trillion. | second quarter of 2021 (Apr - Jun 2021, | ||||||||
ANTAM's gold sales commodity becomes | 2Q21) reached 6,379 TNi. | ||||||||
the biggest sales contributor of Rp12.28 | |||||||||
trillion or equal with 65% from 1H22 | In 1H22, ANTAM ferronickel unaudited sales | ||||||||
revenue. | volume reach 9,622 TNi, met with 80% of | ||||||||
The production and sales figures within 1H22 | 1H21 unaudited sales volume of 12,068 TNi. | ||||||||
During 2Q22 ANTAM sold 3,962 TNi | |||||||||
are generally reflected by the volatility of | (unaudited) ferronickel products, a lower of | ||||||||
global economics & geopolitics tension as | 30% from the previous unaudited 1Q22 sales | ||||||||
well as the COVID-19 pandemic approached | volume of 5,660 TNi. The ferronickel | ||||||||
in East Asia. A series of conditions affect the | performance during 2Q22 are be affected by | ||||||||
demand of based metal product absorption | the COVID-19 lockdown condition in several | ||||||||
as well as the fluctuation of the international | sales destination locations in East Asia which | ||||||||
base metal selling price. | also bring an impact on limiting export | ||||||||
FERRONICKEL | trading activities. In addition to the high | ||||||||
fluctuations | in nickel prices | in 2Q22 also | |||||||
In 1H22, ANTAM's unaudited ferronickel | affected the level of customer absorption for | ||||||||
ferronickel products. | |||||||||
production volume reached 11,982 ton of | |||||||||
nickel in ferronickel (TNi), equal to 95% of | In the midst of the recent volatility of the | ||||||||
1H21 ferronickel unaudited production of | global economy and base metal commodity | ||||||||
12,679 TNi. | market conditions, ANTAM focuses on the | ||||||||
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implementation of strategic policies to meet | In 2Q22, ANTAM recorded gold production |
an appropriate cost efficiency approach, | volume of 304 kg (9,773 t.oz). Meanwhile, in |
while maintaining the stability of production | 2Q22 ANTAM recorded an unaudited gold |
level and aims to expand the export | sales volume of 6,894 kg (221,647 t.oz) |
destination of ferronickel product. | improved by 5% from the gold sales volume |
The Company believes the performance of | in 1Q22 of 6.575 kg (211.391 t.oz). Moreover, |
ANTAM's Nickel Segment will consistently | the 2Q22 sales achievement was positively |
grow in line with strengthening global eco- | increased by 16% compared to the 2Q21 |
nomic conditions and the positive outlook | sales volume. The recovery of national |
for the absorption of nickel commodities. | economic growth led to an increase in |
domestic gold aspiration. |
In 1H22, ferronickel sales become a second
contributor to the Company's revenue of In 2022, ANTAM will focus on developing
Rp3.12 trillion, a rise of 20% compared to | customer base in the domestic market, which |
1H21 ferronickel sales of Rp2.59 trillion due | is line with the increase in public awareness |
to the higher average nickel selling prices | of investing in gold and the growing |
during the 1H22 period. | demand for gold in the domestic market. |
GOLD | Pursuant to the Company's aim to ease |
In 1H21, ANTAM recorded unaudited gold | customer access, on February 2022, ANTAM |
commences the Precious Metal product sales | |
production volume of 673 kg (21,637 t.oz) | activity through the marketplace platform |
from the Company's gold mines. Meanwhile, | Tokopedia and Shopee with the opening of |
in 1H22 ANTAM recorded the unaudited | the "Butik Emas ANTAM Official" account in |
gold sales volume achievement of 13,469 kg | addition to the existing official online sales |
(433,038 t.oz), a positive improvement | through www.logammulia.com website. |
compared to 1H21 gold sales volume of | |
13,341 kg (428,923 t.oz). | ANTAM through the Precious Metals |
SALES VOLUME (UNAUDITED)
2Q21 | 1H21 | 2Q22 | 1H22 | ||
Commodity | Unit | (Apr - Jun) | (Jan - Jun) | (Apr - Jun) | (Jan - Jun) |
2021 | 2021 | 2022 | 2022 | ||
Ferronickel | TNi | 6,444 | 12,068 | 3,962 | 9,622 |
Nickel Ore | Wmt | 2,057,289 | 3,655,505 | 708,045 | 3,039,479 |
Gold | Kg/t oz | 5,930/190,654 | 13,341/428,923 | 6,894/221,647 | 13,469/433,038 |
Silver | Kg/t oz | 2,488/79,991 | 5,137/165,158 | 3,235/104,007 | 6,035/194,029 |
Bauxite | Wmt | 202,500 | 587,285 | 558,893 | 661,266 |
Alumina | Ton | 26,927 | 61,241 | 39,321 | 74,143 |
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Processing and Refinery Business Unit is the | With a good resource profile and nickel ore |
only gold refining plant in Indonesia with | reserves, in line with the Company's nickel |
"Good Delivery List Refiner" accreditation | segment development plan, ANTAM will |
from the London Bullion Market Association | strengthen the Company's business scale |
(LBMA). | through the efforts to develop nickel mineral |
downstream, including to support the | |
During the 1H22 period, ANTAM's unaudited | development of the National Electric Battery |
net sales of gold amounted to Rp12.28 | industry. |
trillion or a rise 3% from gold sales revenue | |
in 1H21 of Rp11.87 trillion. | During 1H22, ANTAM nickel ore sales |
contribute Rp2.33 trillion or 14% from the | |
NICKEL ORE | total Company's sales figure. |
During 1H22, ANTAM unaudited nickel ore | BAUXITE |
production volume produced as ferronickel | In 1H22, ANTAM recorded unaudited bauxite |
plant feed ore material as well as being sold | |
to domestic market customers are | ore production volume, which was used as |
amounting to 4.39 million wet metric ton | ore feed for alumina production and as well |
(wmt) or meeting 82% of the production | as being sold to the third party customer, |
volume in 1H21 of 5.34 million wmt. The | amounted to 811 thousand wmt. ANTAM |
realization of production is also determined | unaudited bauxite ore production volume in |
with the unaudited domestic nickel ore sales | 2Q21 reached 411 thousand wmt. |
volume during 1H22 which amounted to 3.04 | In 1H22, ANTAM recorded an unaudited |
million wmt which equals to 83% of sales | |
volume in 1H21 of 3.66 million wmt. | bauxite ore sales volume of 661 thousand |
wmt, which grew 13% compared to 1H21 | |
ANTAM unaudited nickel ore production | bauxite ore sales volume. Moreover, |
volume in 2Q22 reached 1.48 million wmt, | unaudited bauxite ore sales volume in 2Q22 |
lower than production volume in 1Q22 of | reached 559 thousand wmt, significantly |
2.92 million wmt. The lower tone on | increased from 1Q22 bauxite sales of 102 |
production is determined by the lower 2Q22 | thousand wmt. In addition to export sales, in |
nickel ore sales of 709 thousand wmt. The | 2022, the Company will also focus on |
decline in nickel sales performance in the | developing domestic sales of bauxite ore. |
2Q22 was also influenced by the significant | The sales contribution from bauxite during |
upward trend in nickel ore prices during | |
2Q22 was not followed by a similar | 1H22 amounted to Rp276 billion, a rise 30% |
significance in the price of nickel ore | from 1H21 sales revenue of Rp213 billion. |
derivative products (e.g. stainless steel | |
products) which also brought affected the | ALUMINA |
absorption rate of ANTAM's nickel segment | |
products . |
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PT Aneka Tambang (Persero) Tbk published this content on 02 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2022 05:19:03 UTC.