INDIKA ENERGY IN BRIEF
Incorporated in 2000, PT Indika Energy Tbk (''Indika Energy'') was previously known as PT Dipta Diwangkara/PT Indika Inti Energi. Indika Energy however has its roots in the energy sector as far back as 1973 with the establishment of Tripatra, a leader in providing integrated engineering, procurement and construction (EPC) services to the oil and gas industry in Indonesia.
Today, Indika Energy (''INDY'', hereafter also referred to as ''the Company'' or ''the Group'') is publicly listed on the Indonesian Stock Exchange (IDX) with a market capitalisation of Rp. 11.6 trillion (US$ 1.2 billion)1 with subsidiaries and associated companies concentrating in its three business pillars of energy resources, energy services, and energy infrastructure.
The core strategy for growth has been ''strengthening the foundation for greater value-chain integration''. In 2009, Indika Energy completed its acquisition of PT Petrosea Tbk, a multi-disciplinary engineering, construction and contract mining company with a track record of achievement in Indonesia since 1972.
This significant acquisition not only served to strengthen the Group's foothold and leadership in EPC services, but consolidated its capacity to deliver total energy services from acquiring mining rights and feasibility studies, to mining operations, processing, production and barging, to transshipment and offtake. In effect, the Company became a fully integrated energy company with strategic synergies in place to power its growth.
As at 31 December 2009, Indika Energy's consolidated net worth stood at Rp. 5.3 trillion total revenues of Rp. 2.5 trillion, and net income of Rp. 725.7 billion2. The company and its subsidiaries now employ 2,529 employees nationwide. The year 2009 continued Indika Energy's track record performance in delivering strong profit: Rp. 109.6 billion (2005), Rp. 177.3 billion (2006), Rp. 265 billion (2007), Rp. 1,084.7 billion (2008) and Rp. 725.7 billion2 (2009), while maintaining strong cash balances.
The principal businesses in Indika Energy's three business