Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — H1 2025 Earnings Presentation
27 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: Financial Data contents
Financial Data 1H 2025 Consolidated Financials 4 Financial Statistics 5 Consolidated Capex Guidance 6 Operational Data Oil and Gas Operational Results 8 Oil and Gas Production and Lifting 9 Reserves and Resources 10 Asset Portfolio 11 – 12 Simplified Funds Flow Structure 13 – 14 Active Gas Contracts
Slide 3: Financial Data
Financial Data
Slide 4: Profit & Loss and Balance Sheet 1H 2025
Profit & Loss (US$ mn) 1H 2025 1H 2024 YoY ∆% Balance Sheet (US$ mn) 1H 2025 1H 2024 YoY ∆% Revenue 1,138 1,165 (2) Cash and cash equivalents1 883 653 35 - Oil and gas 1,036 1,043 (1) Investments 1,770 1,776 (0) - Power 91 118 (23) Fixed Assets 3,157 3,267 (3) - Services 12 4 182 Total Assets 8,073
Slide 5: Quarterly financial statistics
Q2 2025 vs Q2 2025 vs 1H 2025 vs Q2 Q1 1H 1H Q1 Q2 Q3 Q4 Metrics Q2 2024 Q1 2025 1H 2024 2025 2025 2025 2024 2024 2024 2024 2024 ∆% ∆% ∆% Average Realized Price Oil 66.7 72.2 (19) (8) 69.5 80.8 (14) 79.8 81.9 78.1 72.0 Gas 6.9 7.1 (2) (3) 7.0 7.0 (0) 7.0 7.0 7.0 7.1 Revenue Consolidated 578 560 (5)
Slide 6: Consolidated Capex Guidance
E&P1 Capex (US$ mn) Power2 Capex (US$ mn) Exploration Solar PV & Other Renewables Development Drilling Geothermal Facilities Gas IPP 400 365 21 262 231 10 176 10 178 131 106 13 65 72 71 1 8 83 19 168 33 20 30 35 30 21 116 121 101 7 3 1 52 15 43 8 29 27 4 5 15 7 2021 2022 2023 2024 1H 2025 2021 2022
Slide 7: Operational Data
Operational Data
Slide 8: Cost-effectively maintaining production and replenishing reserves
Cost-effectively maintaining production and replenishing reserves 1H 2H YoY 1H YoY FY Oil & Gas Production (mboepd) Oil & Gas Cash Cost (US$/boe) Metrics 2025 2024 ∆% 2024 ∆% 2024 155-160 96 163 160 81 Production1 152 153 78 78 70 143 68 Oil, MBOPD 40.3 40.4 (0) 42.2 (4) 41.3 50% Gas, MMSCFD 558.5 6
Slide 9: Oil and Gas Production and Lifting by Asset
Pro d u c tio n Y T D J u n 2025 Liftin g Y T D J u n 2025 Wo rkin g Asse t Oil Ga s T o ta l Oil Ga s T o ta l In te re st mbopd mmscfd mboepd mbopd bbtupd mboepd In d o n e sia Asse ts Corridor 46.0% 1.9 272.5 50.8 1.9 258.4 46.6 Senoro Toili (Gas Field) 30.0% 2.0 90.6 19.6 2.0 99.3 19.3 Blok B Na
Slide 10: Reserves and Resources as of 30 June 2025
As of 30 June 2025: Proved Reserves Proved & Probable Reserves Contingent Resources Classification Oil Gas Total Oil Gas Total Oil Gas Total mbbls mmscf mboe mbbls mmscf mboe mbbls mmscf mboe Domestic West Indonesia 22,741 596,717 130,801 28,373 890,913 190,053 38,155 1,253,823 264,281 East & Centra
Slide 11: Indonesia Assets
Indonesia Assets Working 1H 2025 Profit Share to Contractor 1 (%) Asset Expiry Area (Km 2 ) Operator Partner Type of Contract Interest Production Crude Oil Natural Gas 2 Corridor 70% 2043 2,095 50.8 MedcoEnergi Pertamina Hulu Energi Corridor 30% PSC Cost Recovery 22.29 39 JOB Pertamina – Pertamina 5
Slide 12: International Assets
International Assets Working 1H 2025 Profit Share to Contractor 1 (%) Country Asset Expiry Area (Km 2 ) Operator Partner Type of Contract Interest Production Crude Oil Natural Gas Oman Oil Company 25% Karim Small Eng. Abdul Rahman Barham 7.5% 59% 2040 907 8.9 MedcoEnergi Service Agreement 12 – 30 N/
Slide 13: 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 14: 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 14
Slide 15: Active Gas Contracts: Commitments
Commitments No. Asset Customer Agreement Date Total Contract Daily Contract Expiry Date Quantity (TCQ) Quantity (DCQ) DMR: 379 BBTUD 1 South Natuna Sea Block B SembGas Singapore 1999-Jan-15 2,888 TBTU 2028-Jul-15 (Block B: 155 BBTUD) 2 South Natuna Sea Block B SembGas Singapore 2023-Jun-05 105 TBTU
Slide 16: Active Gas Contracts: Commitments
Commitments No. Asset Customer Agreement Date Total Contract Daily Contract Expiry Date Quantity (TCQ) Quantity (DCQ) 17 Tarakan PT PLN (Persero) -Gunung Belah 2022-Nov-25 4.4 TBTU 2.74- 3.0 BBTUD 2025-Dec-31 18 Tarakan PT PGN Tbk. 2024-Jun-21 982.2 MMSCF 0.30 MMSCFD 2030-Dec-31 19 Senoro-Toili DS-L
Slide 17: Active Gas Contracts: Commitments
Commitments No. Asset Customer Agreement Date Total Contract Daily Contract Expiry Date Quantity (TCQ) Quantity (DCQ) 1 Corridor Gas Supply Pte Ltd 2022-Nov-21 241 TBTU 87 - 136 BBTUD 2028-Dec-31 2 Corridor PT PGN Tbk. 2023-Dec-19 482.3 TBTU 129 - 410 BBTUD 2028-Dec-31 3 Corridor PGN Jargas & BBG 20
Slide 18: Debt Info
MEDCOENERG! Debt Info
Slide 19: Debt Maturity Profile: Bullet vs Installment
Restricted Group Debt1,2 (US$ mn) Medco Power Debt (US$ mn) Bullet 690 Bullet Instalment Instalment 602 555 248 18 291 549 328 542 306 254 156 230 168 187 148 76 79 71 62 263 51 30 141 172 65 31 32 8 50 141 138 1 106 43 49 46 60 30 29 21 11 2025 2026 2027 2028 2029 2030 2031 2025 2026 2027 2028 2029
Slide 20: Medco Power Indonesia
Medco Power Indonesia
Slide 21: Accelerating growth in renewables power
Accelerating growth in renewables power 1H 2H YoY 1H YoY FY IPP Power Sold, Gross 100%, GWh Gross Operating Installed Capacity, MW Metrics 2025 2024 ∆% 2024 ∆% 2024 4,155 4,108 4,300 IPP Sold and O&M Capacity1 3,993 3,038 801 1,000 2,864 2,851 2,901 2,851 855 831 IPP Sold, GWh 1,994 2,105 (5) 2,003
Slide 22: Amman Mineral Nusa Tenggara
Amman Mineral Nusa Tenggara
Slide 23: Amman Mineral Statistics
1H 1H YoY FY FY YoY Copper Gross Reserves & Resources (Blbs) Gold Gross Reserves Oil & Gas & Resources Cash Cost (US$/boe)(Moz) Metrics 2025 2024 ∆% 2024 2023 ∆% 31/12/2024 31/12/2024 Mining Operations Copper (in concentrate) 25.1 Production, Mlbs 89.2 235.6 (62) 394.9 312.0 27 35.1 Sales, Mlbs - 17
Slide 24: ESG
ESG
Slide 25: Reports in accordance with the 2016 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 26: Tracking Our Climate Commitments and ESG Performance
E&P Scope 1&2 GHG Emissions1,3, million tCO2e 30% reduction from Base Year 2019 AAA AA AA ACHIEVED . 5.4 4.8 A A A 4.6 4.4 4.2 3.8 20% 30% BBB BBB As of 2024, PT Medco Energi Internasional Tbk received 2019 2020 2021 2022 2023 2024 2025 2030 BB BB an MSCI ESG Rating of AA. E&P Methane Emissions1,3,
Slide 27: 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
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