Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — Q1 2025 Earnings Presentation
29 slides from Pt Medco Energi Internasional Tbk's earnings presentation, 2025
Slide 1: PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
Slide 2: Contents
Financial Data Q1 2025 Consolidated Financials 4 Consolidated Capex Guidance 5 Operational Data Oil and Gas Statistics 7 Oil and Gas Production and Lifting 8 Reserves and Resources 9 Asset Portfolio 10 – 11 Active Gas Contracts 12 – 14 Simplified Funds Flow Structure 15 – 16 PSC Terms 17 – 18 Debt I
Slide 3: Financial Data
Financial Data
Slide 4: Consolidated Financial Performance
Consolidated Financial performance Profit & Loss (US$ mn) Q1 2025 Q4 2024 YoY ∆% Balance Sheet (US$ mn) Q1 2025 Q4 2024 YoY ∆% 1 Revenue 560 616 (9) Cash and cash equivalents 876 697 26 - Oil and gas 510 568 (10) Investments 1,800 1,831 (2) - Power 44 42 6 Fixed Assets 3,178 3,258 (2) - Others 6 6 (
Slide 5: E&P and Power Capex with 2025 Guidance
E&P Capex (US$ mn) Power1 Capex (US$ mn) Exploration Gas IPP Development Drilling Geothermal Facilities Solar PV & Other Renewables 400 365 21 262 231 10 176 10 131 106 72 71 1 8 83 78 19 168 7 33 20 30 35 30 21 116 121 32 7 3 1 52 11 43 8 29 27 38 15 2 4 5 2021 2022 2023 2024 Q1 2025 2021 2022 2023
Slide 6: Operational Data
Operational Data
Slide 7: Metrics
Q1 Q4 QoQ FY FY YoY Metrics 2025 2024 ∆% 2024 2023 ∆% Net 2P Reserves, MMBOE Production1 Q1 2025 Oil, MBOPD 39.0 39.9 (2.3) 41.3 32.1 28.7 5-yr 2P RRR : 157% 5-yr 2P FD&A : US$5.3/boe Gas, MMSCFD 566.6 593.1 (4.5) 603.4 697.4 (13.5) 10.6 years 10.5 years 10.4 years 539 48 Lifting/Sales 74 76 493 2 1
Slide 8: Production and Lifting by Asset
Production YTD Mar 2025 Lifting YTD Mar 2025 Production Working Asset Oil Gas Total Oil Gas Total Interest mbopd mmscfd mboepd mbopd bbtud mboepd Indonesia Assets Rimau 65.0% 2.7 2.3 3.1 2.7 0.0 2.7 South Sumatera 65.0% 1.5 33.7 8.0 1.6 29.6 6.7 Lematang 100.0% 0.0 14.2 2.4 0.0 12.6 2.2 Tarakan 100.
Slide 9: Reserves and Resources as of 31 March 2025
As of 31 March 2025: Pro ve d Re se rve s Pro ve d & Pro b a b le Re se rve s Co n tin g e n t Re so u rc e s Oil Ga s T o ta l Oil Ga s T o ta l Oil Ga s T o ta l mb b ls mmsc f mb o e mb b ls mmsc f mb o e mb b ls mmsc f mb o e Domestic West Indonesia 23,336 574,554 127,491 28,778 850,592 183,298
Slide 10: Indonesia Assets
Indonesia Assets Working Acreage Q1 2025 Production Asset Expiry Operator Partner Type of Contract Interest (Km2) (MBOEPD) Repsol (Corridor) Ltd. 24%, Corridor 46.0% 2043 2,095 52.9 MedcoEnergi PSC Cost Recovery Pertamina Hulu Energi Corridor 30% Senoro-Toili 30.0% 2047 451 19.3 JOB Pertamina – Medc
Slide 11: International Assets
International Assets Q1 2025 Working Acreage Country Asset Expiry Production Operator Partner Type of Contract Interest (Km2) (MBOEPD) Oman Oil Company 25%, Eng. Abdul Rahman Barham Karim Small Fields 58.5% 2040 907 8.8 MedcoEnergi Service Agreement 7.5%, Vision Oil&Gas 5%, Petrovest General Trade 4
Slide 12: Indexed Price GSA
Asset Customer Agreement Date Commitments Expiry Date 1 South Natuna Sea Block B SembGas Singapore 15-Jan-1999 Total Contract Quantity (TCQ) 2,888 TBTU; Daily Contract Quantity (DCQ) 91 - 173 BBTUD 15-Jul-2028 2 South Natuna Sea Block B SembGas Singapore 5-Jun-2023 Total Contract Quantity (TCQ) 105
Slide 13: Indexed Price GSA
Asset Customer Agreement Date Commitments Expiry Date PT PLN (Persero) - 16 Tarakan 25-Nov-2022 Total contract quantity (TCQ) 4.4 TBTU; Daily Contract Quantity (DCQ) 2.74- 3.0 BBTUD 31-Dec-2025 Gunung Belah 17 Tarakan PT PGN Tbk. 21-Jun-2024 Total contract quantity (TCQ) 982.2 MMSCF; Daily Contract
Slide 14: Indexed Price GSA
Asset Customer Agreement Date Commitments Expiry Date 1 Corridor Gas Supply Pte Ltd 12-Feb-2001 Original Contract Quantity of 241 TBTU. DCQ 2024 121 BBTUD 31-Dec-2028 2 Corridor PGN 19-Dec-2023 Original Contract Quantity 482 TBTU. DCQ 2024 410 BBTUD 31-Dec-2028 3 PGN Jargas & BBG 14-Oct-2021 Origina
Slide 15: Indonesian PSC Cost Recovery and Gross Split
Indonesian PSC Cost Recovery Indonesian PSC Gross Split Gross Revenue Gross Revenue Government Contractor FTP Split Split Cost Recovery Profit Split DMO & reimbursement DMO & reimbursement Costs Taxable Income Taxable Income Income Tax Income Tax Government Contractor Government Contractor Share Sha
Slide 16: Thailand Concession and Oman EPSA Simplified Cost Recovery
Thailand Concession Oman EPSA Simplified Cost Recovery Gross Revenue Gross Revenue Royalty Cost Recovery Special Remuneratory Profit Split Benefit Tax Government Contractor Government Contractor Share Share Share Share 16
Slide 17: Share to Contractor
Share to Contractor1 Contract Area Type Current Type Location Contract Expiry Date Profit Crude Oil (%) Profit Natural Gas (%) South Sumatera Block PSC Cost Recovery South Sumatra 2033 12.50 27.50 Lematang PSC Cost Recovery South Sumatra 2027 15.00 29.50 Senoro-Toili PSC Cost Recovery Sulawesi 2047
Slide 18: Share to Contractor
Share to Contractor1 Contract Area Type Current Type Location Contract Expiry Date Profit Crude Oil (%) Profit Natural Gas (%) Oman - Karim Small Fields Service Agreement The Sultanate of Oman 2040 12 – 30 N/A 20 – 30 20 – 40 Oman - Block 48 EPSA The Sultanate of Oman 2025 Depend on oil price and pr
Slide 19: Debt Info
MEDCOENERG! Debt Info
Slide 20: Debt Maturity Profile: Bullet vs Installment
Restricted Group Debt2,3 (US$ mn) Medco Power Debt (US$ mn) Bullet Bullet Instalment Instalment 652 667 631 474 317 477 567 298 261 213 17 126 315 142 106 77 75 67 196 175 176 58 48 135 27 30 100 63 32 8 49 14 27 1 26 40 45 18 2025 2026 2027 2028 2029 2030 2031 2025 2026 2027 2028 2029 2030 2031 onw
Slide 21: Medco Power Indonesia
Medco Power Indonesia
Slide 22: Medco Power Metrics
Q1 Q4 QoQ FY FY YoY Gross Operating Installed Capacity, MW Metrics 2025 2024 ∆% 2024 2023 ∆% IPP Sold and O&M Capacity1 2,864 2,851 2,901 3,013 IPP Sold, GWh 871 1,146 (24.0) 4,108 4,155 (1.1) 2,288 939 926 953 926 Renewables, GWh 243 219 11.1 831 801 3.8 638 Non Renewables, GWh 628 927 (32.2) 3,277
Slide 23: Amman Mineral Nusa Tenggara
Amman Mineral Nusa Tenggara
Slide 24: Amman Mineral Metrics
Q1 Q4 QoQ FY FY YoY Copper Gross Reserves & Resources Gold Gross Reserves & Resources Metrics 2025 2024 ∆% 2024 2023 ∆% (Blbs) 31/12/2024 (Moz) 31/12/2024 Production Copper, Mlbs 36.9 59.4 (37.9) 395 312 26.6 25.1 Gold, Kozs 32.3 94.8 (65.9) 803 463 73.3 35.1 Sales 17.8 26.4 Copper, Mlbs - 16.5 (100
Slide 25: ESG
ESG
Slide 26: Sustainability Reporting in Accordance with GRI Standards
Reports in accordance with the 2016 GRI Standards and its subsequent updates Improved quality of disclosure in our reporting by increasing the number of GRI performance indicators disclosed and assured by Ernst & Young year-on-year 2024 101 indicators 2023 96 indicators 2022 93 indicators 2021 86 in
Slide 27: Delivering on Climate Commitments
E&P Scope 1&2 GHG Emissions1,3, million tCO2e • Achieved 27% renewable mix installed 30% reduction from Base Year 2019 capacity, exceeding 2025 target ACHIEVED • Met 2025 Scope 1 & 2 GHG emission . 5.4 4.8 4.6 4.4 4.2 3.8 20% 30% and methane emission reduction interim GHG targets, and assured & disc
Slide 28: ESG Ratings
AAA We support AA AA CDP Score Report - A A A Climate Change BBB BBB As of 2024, PT Medco Energi Internasional Tbk received BB BB an MSCI ESG Rating of AA. 20211 2022 2023 2024 MedcoEnergi’s Score C B B B Dec-20 Nov-21 Dec-22 Nov-23 Nov-24 Oil & Gas Extraction & C C B B Performance Production Averag
Slide 29: PT Medco Energi Internasional Tbk
PT Medco Energi Internasional Tbk The Energy Building 53rd Floor SCBD Lot 11A Jl. Jend. Sudirman, Jakarta 12190 Indonesia P. +62-21 2995 3000 F. +62-21 2995 3001 E. investor.relations@medcoenergi.com investor.relations@medcoenergi.com Website : www.medcoenergi.com
PT Medco Energi Internasional — Q1 2025 Earnings Presentation on 6ix