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on please conntact:
Abrun Abu ubakar, Corpporate Secrettary
tel : +62 21
2 2352 8000
fax : + 62
2 21 344 4012
email: corrsec@pttimah h.co.id
www.tima ah.com
PT Tiimah (Pe
ersero) Tbk
T Possted Up Net
N Proffit of Rp 322.3 Billion
B
on ester 2010
n the Firrst Seme
∗ During
g semester I-2010, worldd refined tin consumptio
on is 176,300 0 mt, 27% iincrease com
mpare to
the sam
me period in 2009 which was 139,200 mt. (sumbeer : CRU Monitoor August 2010)
Producttion and Sa
ales:
pa
age 1 from 7
∗ The voolume of tin-in-concentra
ate production from onsshore mining g on the firsst half 2010 is 8,503
ton.Sn or 84% highher than thatt of the same
e period in 2009
2 which was
w 4,618 ton n.Sn.
T
Tin-in-concen
ntarte Producction (ton.Sn
n)
12.000
0
10.000
0
8.000
0
6.000
0
4.000
0
2.000
0
0
Q1.08 Q2
2.08 Q3.08 Q4.08 Q1.09 Q2.09 Q3.0
09 Q4.09 Q
Q1.10 Q2.10
Offshorre 2.546 3.8
839 4.429 3.020 2.566 4.509 6.36
65 4.768 2.156 6.929
Onshore
e 6.178 11..077 10.509 5.469 2.722 1.896 9.10
01 5.773 5.241 3.262
14.00
00
12.00
00
10.00
00
Metirc Ton
8.00
00
6.00
00
4.00
00
2.00
00
0
Q1 Q2 Q3 Q4 Q1
1 Q2 Q3 Q4 Q1 Q2
2
2008 2008 2008 2008 200
09 2009 2009 2009 2010 201
10
Prrod. 11.523 1
11.469 15.114 10.923 10.4
462 8.914 1
14.387 11.321 9.266 10.23
36
Saales 10.156 1
10.798 13.091 12.393 11.0
014 13.307 1
12.343 12.784 9.770 9.99
90
Financial:
∗ Refined tin price
e average recceived by the
e company during
d the firrst half 2010 is US$ 17,529 which
5% higher th
is 45 han that of th
he same periiod in 2009 of
o US$12,087 7.
pa
age 2 from 7
∗ Com
mpany consollidation incomme on first semester
s 200 09 is Rp 3,74
49.4 billion or 6% higher than the
sam
me period onn 2009 was Rp3.539,3 billion.
b Incom me from operation adn net income e on first
sem
mester 2010 is
i Rp414.9 billion
b and Rp322.3
R billio
on respective
ely. While inccome from operation
o
and net income on first half 2009 was Rpp 172.8 billio
on and Rp 422.9 billion resspectively.
ate Events
Corpora
∗ On June
J 2010, the corporatte conduct AGMS
A and EGMS,
E and oone result on
n its decisions is the
dete
ermination off devidend, 50%
5 of the net
n profit or Rp. 31.17 per
p share. To otal cash div
vidends is
Rp. 156,875,5000,000.- paid in
i cash on 28
8 July 2010.
hares [ tins ]
Tins Sh
∗ On the
t first semmester 2010, tin shares price
p fluctuatted on the hiighest positio
on at Rp 2,8
800.- and
the lowestRp 1,8810.- per sha
are. On 30 June
J 2010 thhe closing price was Rp 22.150 slightly
y increase
commpared to the
e opening priice on 4 Januuary 2010 off Rp 2,125.-
∗ Dailyy average trading volumme during firsst half 2010 is 15,555,0113 or 69% de ecreased commpare to
the same period in 2009 of 50,814,558
5 transaction.
∗ Markket Capitaliza
ation on 30 June
J 2010 is Rp 10.82 triilliun.
Tin Sh
hares Info timah [ tins ] Stock Price o
on Quarterly Base
B
Ja
an 2009 – June e 2010
hares
Sh Per 30
0 Juni 2010
0
Govern
nment RI 3.271.470
0.000 65%
Domesstic 977.029
9.239 19%
Foreign 784.520
0.761 16%
pa
age 3 from 7
PT. Timah (Persero) Tbk and Subdsidiaries
Summary of Operation Performance on 2nd Quarter and 1st Semester of 2010 and 2009
Quarter II Semester I
2010 2009 2010 2009
Unaudited Unaudited Unaudited Unaudited
Production
Earth Moved - m3
- Onshore 1,154,573 885,365 2,168,077 1,493,903
- Offshore 8,968,309 7,413,723 17,941,535 13,995,195
Total 10,122,882 8,299,088 20,109,612 15,489,098
Tin-in-concentrate – ton sn
- Onshore 3,262 1,896 8,503 4,618
- Offshore 6,929 4,509 9,085 7,075
Total 10,191 6,405 17,588 11,693
Sales
Refined tin sales - Mton 9,990 13,096 19,760 24,110
Inventory
- Ore - ton 1,757 1,707 1,757 1,707
- Slag - ton 6,888 8,412 6,888 8,412
- Refined - Mton 2,722 2,413 2,722 2,413
- Solder - Mton 392 - 198 -
Performance Parameter
page 4 from 7
PT. Timah (Persero) Tbk and Subsidiaries
Unaudited Consolidated Income Statement
2nd Quarter and 1st Semester 2010 and 2009
(In Billion Rupiah, unless otherwise stated)
Qurter II Semester I
2010 2009 2010 2009
Unaudited Unaudited Unaudited Unaudited
Ratio-ratio
Gross Profit to Sales- % 17% 13% 18% 11%
Operating Profit to Sales - % 9% 8% 11% 5%
Profit before tax to Sales. - % 9% 3% 11% 3%
page 5 from 7
PT. Timah (Persero) Tbk and Subsidiaries
Balance Sheet
30 June 2010 and 2009
(In Billion Rupiah)
Semester I
Unaudited Unaudited
30-Jun-10 30-Jun-09
Current Asset
Cash and cash equivalents 619.9 433.2
Restricted Cash 63.6 -
Short Term Investment 1.1 1.1
Trade Receivable 496.5 671.4
Other Receivable 89.8 49.6
Tin Inventories 1,265.0 1,050.4
Warehouse Inventories 399.6 471.0
Prepaid Taxes 232.3 326.9
Advances and Prepayment 88.7 119.6
Total Current Assets 3,256.4 3,107.7
Non Current Assets
Inventories, net - 400.8
Due from related parties 0.4 6.5
Other non-current receivables 30.4 12.4
Investmets in associates 139.9 153.5
Deffered tax assets, net 33.5 23.3
Fixed Assets
Costs of fixed assets 3,291.7 2,671.8
Accumulated Depreciations (1,871.1) (1,633.3)
Provision for losses in diminution of value (2.6) (2.6)
Total Fixed Assets 1,418.0 1,035.9
Other Assets 168.8 149.8
Total Non current Assets 1,791.0 1,782.2
Total Assets 5,047.4 4,889.9
Current Liabilities
Short term loan 162.2 495,2
Trade payables 355.2 172.5
Taxes and Royalties Payable 32.8 32.8
Other Payable 588.3 651.7
Total Current Liabilities 1,141.6 1,354.5
Non Current Liabilities
Deffered Taxes 0.6 0.6
Pension & Other post retirements obligation 270.9 277.0
Provision for Environmental Rehabilitation 58.3 79.3
Total Non current Liabilities 329.7 357.0
Minority Interest 0.3 0.3
Equity 3,575.8 3,178.2
Total Liabilities and Equities 5,047.4 4,889.9
page 6 from 7
PT. Timah (Persero) Tbk and Subsidiaries
Cash Flow
2nd Quarter and 1st semester 2010 dan 2009
(In Billion Rupiah)
Quarter II Semester I
2010 2009 2010 2009
Unaudited Unaudited Unaudited Unaudited
Net increase/(decrease) in cash and cash equivalent (68.5) (287.5) 122.4 (12.7)
Cash and cash equivalent at the begining of period 680 735.4 501.9 460.6
Effect of foreign exchange rate fluctuation 8 (14.7) (4.5) (14.7)
Cash and cash equivalent on year end 619.9 433.2 619.9 433.2
Note: consolidated Financial Statement of PT timah (Persero) Tbk and subsidiaries for period ended 30 June 2010 and 2009 is
available at Capital Market Reference Center (KNPM) Indonesia stock Exchange Building (BEI)
page 7 from 7