Adaro in Summary
- Five Year Financial Highlights
- 2009 Important Dates and Share Price Information
- Our Vision
- Adaro Described
- Why Adaro?
- Why Adaro?
- 1 Robust industry prospects
- 2 Good track record of growth, large reserves to support continued expansion
- 3 Amongst the world’s largest and lowest cost, vertically integrated producers
- 4 Reputable and supportive shareholders, and experienced management team
- 5 Highly differentiated product - EnvirocoalTM
- 6 Diversified and loyal customer base and high earnings visibility
- 7 Consistently improving financial profile since LBO
- 8 Growth and value ceation set to continue
- 9 Committed to corporate social responsibility
- 10 Excellent safety record
- 11 Award winning performance and standards
- Map of Operations
- Our Subsidiaries = Our Coal Supply Chain
- Vertically Integrated from Pit to Port
- Management Report
- Corporate Overview
- Our Subsidiaries Described
- Review of Operations
- Interview with Chia Ah Hoo, Director of Operations
- Special Section: Historical Photo Album
- Interview with Alastair Grant, Director of Marketing
- Health, Safety and the Environment
- Financial Review
- Interview with David Tendian, Director of Finance
- Special Section: Adaro Bond in the News
- Exploration and Reserves
- Exploring Initiatives for a Bigger and Better Adaro Energy
- Interview with Sandiaga S. Uno, Director
- Governing Adaro
- Status of Corporate Governance Practices
- Implementation of the Company’s Good Corporate Governance
- General Meeting of Shareholders (GMS)
- Board of Directors Training Programs to Enhance Competency
- Board of Commissioners and Board of Directors
- The Board of Commissioners
- Audit Committee
- The Board of Directors
- Board of Directors Meetings
- Nomination of Members of the Boards
- Internal Audit
- External Auditor
- Corporate Secretary
- Remuneration of the Boards
- Share Ownership of the Boards 2009
- Audit Committee Report
- Internal Audit Unit Report
- Interview With Andre J. Mamuaya, Director of Corporate Affairs and Corporate Secretary
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Interview With David Tendian, Director of Finance
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How did you manage to issue 10 year Notes worth US$800 at quasi-investment grade rates? While we are new to the equity market we are well known in the bank loan and credit markets. I believe our straight forward no nonsense business plan, together with our good track record helps to ensure the market we are a reliable issuer. Also, we priced at the perfect time in October of 2009. After securing both US$800 million bond and US$500 million standby amortizing revolving facility in 2009, do you have additional funding requirements? At the moment we have with the bond secured the funding we need for our expansion and infrastructure improvements and with the stand-by loan we have the certainty of sufficient liquidity. What was your greatest challenge in 2009? How to handle the financial crisis, how to deal with the unprecedented, unchartered waters of the global financial crisis. What was your greatest achievement in 2009? My greatest achievement was being able to navigate successfully these difficult times. We concluded six transactions in 2009, with total fund raising of US$1.5 billion. We also acquired a barging and ship loading company that we negotiated at the bottom of the market. We transformed and strengthened the company’s financial structure in the midst of a crisis. Finally, we were able to secure a two rating upgrade to Ba1 from Moody’s, which for a time was two notches above the sovereign. What do you hope to achieve in 2010? My challenge for 2010 to maintain the performance we had in 2009. We finished 2009 so strongly and the challenge will be how to continue to create shareholder value at such a pace when starting from such a strong position. |
