Financial Update

BBB Rating From Fitch
Ratings Indonesia

In 2018, ABL obtained BBB rating with stable outlook from Fitch Ratings Indonesia.

This rating supported by ABL long term visibility of contracts with top tier coal producers in Indonesia, that provides long term revenue assurance.

ABL generates strong EBITDA from its contracted revenue which translates into strong cashflow.

ABL’s credit metrics, with leverage, as measured by funds from operation to adjusted debt are solid for its rating.

Fitch expect ABL’s sales volume to be supported by the recovery in commodities price.

USD 77,5 Million Loan
Facility

ABL secured loan facility of USD 77,5 Million from one of the biggest Indonesian state-owned bank in 2018.

It shows financial market confidence of ABL strong capability in expanding the business and diversifying into integrated sea logistics and infrastructure.

With this facility, ABL will develop coal port/terminal that expected to commence by the end of 2019. It marked ABL journey in on-shore infrastructure services.

In addition, we use the facility to support us in strengthening our sea logistic services by adding 3 more CTS under our operation as well as owning and operating more than 12 dozers to optimize the whole value chain.

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