Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — FY2024 Earnings Presentation
28 slides from Pt Medco Energi Internasional Tbk's earnings presentation, 2024
Slide 1: PT Medco Energi Internasional Tbk Fact Book
PT Medco Energi Internasional Tbk (IDX Ticker: MEDC)
Slide 2: Contents
Financial Data 2024 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 Info
Slide 3: Financial Data
Financial Data
Slide 4: Consolidated Financial Performance
Consolidated Financial performance Profit & Loss (US$ mn) FY 2024 FY 2023 YoY ∆% Balance Sheet (US$ mn) FY 2024 FY 2023 YoY ∆% 2 Revenue 2,399 2,249 7 Cash and cash equivalents 697 425 64 - Oil and gas 2,180 1,961 11 Investments 1,831 1,664 10 - Power 205 281 (27) Fixed Assets 3,258 3,401 (4) - Othe
Slide 5: Capex and 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 9 176 10 131 144 106 35 72 71 63 1 83 8 68 168 6 20 19 30 33 39 21 116 121 34 30 7 8 1 3 41 43 39 29 32 27 16 2020 2021 2022 2023 FY 2025 2020 2021 2
Slide 6: Operational Data
Operational Data
Slide 7: Oil and Gas Statistics
FY FY YoY Metrics Net 2P Reserves, MMBOE 2024 2023 ∆% Production1 FY 2024 5-yr 2P RRR : 187% Oil, MBOPD 41.3 32.1 28.7 5-yr 2P FD&A : US$5.1/boe 10.6 years Gas, MMSCFD 603.4 697.4 (13.5) 8.4 years 10.4 years 55 539 48 Lifting/Sales 481 51 53 74 76 493 Oil Lifting, MBOPD 40.6 30.8 31.9 Gas Sales, BBT
Slide 8: Oil and Gas Production and Lifting by Asset
Production YTD Dec 2024 Lifting YTD Dec 2024 Working Asset Oil Gas Total Oil Gas Total Interest mbopd mmscfd mboepd mbopd bbtud mboepd Indonesia Assets Rimau 65.0% 3.1 2.5 3.5 3.2 0.0 3.2 South Sumatera 65.0% 1.8 44.6 10.3 1.8 40.4 8.8 Lematang 100.0% 0.0 15.8 2.7 0.0 13.8 2.4 Tarakan 100.0% 0.7 2.1
Slide 9: Reserves and Resources
As of 31 December 2024: Proved Reserves Proved & Probable Reserves Contingent Resources Oil Gas Total Oil Gas Total Oil Gas Total mbbls mmscf mboe mbbls mmscf mboe mbbls mmscf mboe Domestic West Indonesia 24,325 607,908 134,525 29,767 883,946 190,332 38,548 1,255,166 264,915 East & Central Indonesia
Slide 10: Indonesia Assets
Indonesia Assets Working Acreage 2024 Production Asset Expiry Operator Partner Type of Contract Interest (Km2) (MBOEPD) Repsol (Corridor) Ltd. 24%, Corridor 46.0% 2043 2,095 58.0 MedcoEnergi PSC Cost Recovery Pertamina Hulu Energi Corridor 30% Senoro-Toili 30.0% 2047 451 20.5 JOB Pertamina – MedcoEn
Slide 11: International Assets
International Assets Working Acreage 2024 Production Country Asset Expiry Operator Partner Type of Contract Interest (Km2) (MBOEPD) Oman Oil Company 25%, Eng. Abdul Rahman Barham Karim Small Fields 58.5% 2040 907 8.9 MedcoEnergi Service Agreement 7.5%, Vision Oil&Gas 5%, Petrovest General Trade 4% O
Slide 12: Active Gas Contracts: Indexed Price GSA
Asset Customer Agreement Date Commitments Expiry Date SembGas 1 South Natuna Sea Block B 15-Jan-1999 Total Contract Quantity (TCQ) 2,888 TBTU, Daily Contract Quantity (DCQ) 162 BBTUD 15-Jul-2028 Singapore SembGas 2 South Natuna Sea Block B 5-Jun-2023 Total Contract Quantity (TCQ) 105 TBTU, Daily Con
Slide 13: Active Gas Contracts: Indexed Price GSA
Asset Customer Agreement Date Commitments Expiry Date 17 Senoro-Toili DS-LNG 22-Jan-2009 Total contract quantity (TCQ) 1,307,508 BBTU, Daily Contract Quantity (DCQ) 277.5 BBTUD 3-Dec-2027 PT Panca Amara Total contract quantity (TCQ) 275,750 BBTU (equal to 248,200 MMSCF), Daily Contract Quantity (DCQ
Slide 14: Active Gas Contracts: 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: PSC Terms: Share to Contractor (Indonesia)
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: PSC Terms: Share to Contractor (International)
Share to Contractor1 Contract Area Type Current Type Location Contract Expiry Date Profit Crude Oil (%) Profit Natural Gas (%) 13.7% 13.7% With adjustment for several factors With adjustment for several factors Libya - Area 47 EPSA IV Libya 2045 such as production rate and such as production rate an
Slide 19: Debt Info
MEDCOENERG! Debt Info
Slide 20: Debt Maturity Profile: Bullet vs Installment
Restricted Group Debt1,2 (US$ mn) Medco Power Debt (US$ mn) Bullet Bullet Instalment Instalment 652 663 628 190 467 5 316 479 563 290 292 93 186 147 74 59 312 65 31 33 40 174 173 27 144 53 1 18 100 37 40 43 28 26 26 18 2025 2026 2027 2028 2029 2030 2031 2025 2026 2027 2028 2029 2030 2031 onwards onw
Slide 21: Medco Power Indonesia
Medco Power Indonesia
Slide 22: Medco Power Statistics
FY FY YoY Gross Operating Installed Capacity, MW Metrics 2024 2023 ∆% 2,864 2,844 2,894 IPP Sold and O&M Capacity1 2,788 638 2,288 939 919 919 IPP Sold, GWh 4,108 4,155 (1.1) 638 Renewables, GWh 831 801 3.8 Gas, GWh 3,277 3,353 (2.3) 2,150 1,925 1,925 1,975 1,650 O&M Capacity, MW 1,975 1,925 2.6 Ave
Slide 23: Amman Mineral Nusa Tenggara
Amman Mineral Nusa Tenggara
Slide 24: Amman Mineral Statistics
Copper Gross Reserves & Resources (Blbs) Gold Gross Reserves & Resources (Moz) YoY 31/12/2024 31/12/2024 Metrics FY 2024 FY 2023 ∆% 25.1 35.1 Production 17.8 26.4 Copper, Mlbs 395 312 26.60 16.5 13.0 5.6 6.3 Gold, Kozs 803 463 73.25 Reserves Reserves & Resources Reserves Reserves & Resources Elang B
Slide 25: ESG
ESG
Slide 26: Sustainability Report and ESG Ratings
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 2023 96 indicators 2022 93 indicators 2021 86 indicators 2020 75 ind
Slide 27: ESG Performance and 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. 2021* 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 Performance Production Average
Slide 28: 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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