PT Delta Dunia Makmur Tbk (DOID) is pursuing an increase in operational performance this year.This is reflected in the targets targeted by the mining contractor service issuer.
This year, DOID is pursuing a target volume ofoverburden removal(OB) of 310-350 million bank cubic meters (BCM) in 2021, an increase compared to the realization of OB in 2020 of 281.8 million BCM.
Along with this target, DOID also targets coal production of 45-50 million tons.As a comparison, DOID through its subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), recorded a production volume of 45.3 million tons of coal over the past year.
Delta Dunia MakmurHead of Investor Relations, Regina Korompis, said the recent coal price trend has made DOID customers slowly increase their coal production to normal numbers.
“This optimism comes with the hope that coal prices will continue to be strong,” said Regina to Kontan.co.id, Wednesday (17/3).
As is well known, coal prices have indeed shown a strengthening recently.Citing the publication of the Ministry of Energy and Mineral Resources’ Bureau of Communication, Public Information Services and Cooperation (KLIK), the HBA increased from US $ 51 per ton in October 2020 and then increased to US $ 55.71 per ton in November 2020, US $ 59.65 per tonne in December 2020, US $ 75.84 per tonne in January 2021, and US $ 97.79 per tonne in February 2021.
In March 2021, the HBA slightly decreased by US $ 3.3 per ton to US $ 84.49 per ton.However, this figure is still higher than the position of the HBA in December 2020 which was US $ 59.65 per ton and the HBA in January 2021 which was US $ 75.84 per ton.
Note, in addition todemand and supplyfactors, thecalculation of the HBA value is also obtained from the average of four world coal price indexes, namely the Indonesia Coal Index (ICI), Newcastle Export Index (NEX), Globalcoal Newcastle Index (GCNC), and Platt’s 5900 on previous month.
In line with the operational target, DOID is targeting revenues of US $ 780 million – US $ 860 million this year.From there, DOID targets income before interest, taxes, depreciation and amortization, akaEarning Before Interest, Taxes, Depreciation, and Amortization(EBITDA) of US $ 200 million – US $ 240 million.
For capital expenditure or capital expenditure (capex), the plan is to allocate a capex of US $ 150 – US $ 200 million this year, larger than last year’s capex absorption.
Just so you know, last year DOID decided not to issue too many capex, considering the pandemic situation.However, DOID has not released the exact number of capex absorption last year.”Our capex (in 2021) is bigger because there is an additional volume from Bayan’s contract for next year,” said Regina.