Pt Bakrie & Brothers Tbk Class A · IDX:BNBR
Pt Bakrie & Brothers Tbk Class A — 6M 2023 Earnings Presentation
25 slides from Pt Bakrie & Brothers Tbk Class A's earnings presentation, June 2023
Slide 1: Management Presentation June 2023
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Slide 2: Agenda
• Financial Update • BNBR Business • Growth Strategy • Strategic Initiatives • Appendix MANAGEMENT PRESENTATION
Slide 3: Financial Update
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Slide 4: Group structure and business lines
Steel Structure Fabrication Building Materials Building Materials Infrastructure Projects Steel Pipes Steel Structure Cimanggis Kalimantan IT & Telco Electric Vehicle Power Plant Manufacturing Fabrication Cibitung Toll Jawa Gas Infrastructure Road *consolidated into VKTR since December 23, 2022 **co
Slide 5: Profit & Loss Summary - Consolidated
Profit & Loss Summary - Consolidated REVENUE PROFIT (LOSS) NET EBITDA Rp billion Rp billion Rp billion 1,967 112 179 1,294 70 -89 6M22 6M23 6M22 6M23 6M22 6M23 • Revenue increased by 52% at • The Company booked net • EBITDA was recorded the first six months of 2023 if profit at the first six months
Slide 6: Balance Sheet Summary
Balance Sheet Summary EQUITY TOTAL ASSET 19.51 17.46 Rp trillion 2.36 Rp trillion 1.53 YE22 6M23 YE22 6M23 • Asset increased at the first six months of • Equity increased in the first six months of 2023 due to increase of cash and cash 2023. equivalents, short term investments and trade receivables
Slide 7: Parent Only loans and debt
Parent Only TOTAL LOAN TOTAL DEBT RUPIAH AND US DOLLAR 32 32 877 813 337 332 US$ million Rp billion Rp billion 13,096 13,481 YE22 6M23 YE22 6M23 YE22 6M23 Short Term Loan Long Term Loan MANAGEMENT PRESENTATION
Slide 8: Parent Only debt restructuring
Parent Only • Company’s effort to revitalize its balance sheet has shown positive signs. • Company will continue its debt restructuring efforts with remaining creditors 2019 - 2017 2021 2022 - 2016 2018 2023 Total Debt restructuring done 990 1,037 9,384 - 251 11,662 Debt restructuring - - 12,283 - -
Slide 9: BNBR Business
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Slide 10: Subsidiaries and business highlights
• Has partnered with BYD Auto • The pioneer in grey & ductile • Has extensive experience as • Specializing in steel • Bakrie Power has the capacity and has launched electric casting iron products for OEM producer of fiber-cement fabrication and civil of developing power plants, buses at the IMF even
Slide 11: Subsidiary experience and focus
• Over 40 years of experience in forging and casting. • One of the pioneers of EV in Indonesia. • Producers of automotive components for OEMs. • Business focus on Heavy eMobility . • Caters mostly to ICE (Internal Combustion Engine) • Owner of leading EV brands with industrial commercial vehicles. i
Slide 12: Electric vehicle milestones
• Securing Partnership with Stakeholders (regulators, busoperators, industry partners). • Contributed to the issuance of Presidential Decree No.55 on BEV. • Pre-trial process completed with TransJakarta. 2019 • Established as PT. Bakrie Steel Industries with focus in • Completed first locally produc
Slide 13: Automotive components
116,600 84,407 78,805 63,008 24,511 20,190 18,713 14,191 11,096 -79,348 2019 2020 2021 2022 6M 2023 2019 2020 2021 2022 6M 2023 *not including sales from BMC which is counted per piece Product Prospect • OEM supplier for automotive components. • In 2022 sales of motor vehicles increased by 18.1% thu
Slide 14: Prefabricated houses and logistics
6,692 6,280 4,673 2,269 1,332 -8,434 -4,412 1,035 500 -25,128 2019 2020 2021 2022 6M 2023 2019 2020 2021 2022 6M 2023 *not including sales from distribution and logistic services Product Prospect • Prefabricated house products and distribution and logistics • In 2022 growth rate of property loans (f
Slide 15: Steel structure and pipes
104,374 268,533 103,525 92,329 92,329 222,787 222,787 216,923 45,047 110,912 2019 2020 2021 2022 6M 2023 2019 2020 2021 2022 6M 2023 *tidak menampilkan produksi struktur pipa baja sektor migas yang diperhitungkan dengan satuan man-hour Product Prospect • Services for steel construction, EPC, and a p
Slide 16: Growth Strategy
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Slide 17: Growth strategy by business
• Increase of production capacity utilization. • Expand further into production of passenger vehicle components and after sales market. • Increase of non-automotive segment. • Development of electric vehicles for usage in DKI Jakarta, Central Java, East Java, and Bali. • Shifting of business from ma
Slide 18: Strategic Initiatives
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Slide 19: Kalija Pipeline Bontang - Banjarmasin
Kalija Pipeline Bontang - Banjarmasin • Feasibility Studies had been conducted for the pipe line between Bontang to Banjarmasin including additional line to new capital city, several industrial estates, and new factories along the route. • Several MOU has been signed by Shipper and Off-taker. • The
Slide 20: Cimanggis-Cibitung Toll Road
Cimanggis-Cibitung Toll Road • Collaborating with PT Waskita Toll Road (a subsidiary of PT Waskita Karya Tbk). • This toll road has started operating on November 10, 2020, starting with Section I (Junction Cimanggis - On / Off Ramp Jatikarya) and is connected to the Cinere-Jagorawi toll road and Jag
Slide 21: PT Multi Kontrol Nusantara
PT Multi Kontrol Nusantara • Focusing on information technology and telecommunication infrastructure. • Has been appointed as one of contractors for Palapa Ring project, a project of Government of Indonesia to develop infrastructure network of telecommunication and internet across Indonesia. • Start
Slide 22: Appendix
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Slide 23: BNBR corporate milestones
• The Cimanggis-Cibitung Toll Road Project continues the land acquisition and completes • BNBR completed phase 1 construction. revitalization, including quasi • The first phase of the Kalija project is fully reorganization. operational. Gas transportation operates according to the GTA. • The Bakrie
Slide 24: Disclaimer
Disclaimer: This presentation has been prepared by PT Bakrie & Brothers Tbk (the "Company") and is only for the information of its investors. None of the information appearing in this presentation may be distributed to the press or other media or reproduced or redistributed in whole or in part in an
Slide 25: Investor relations contacts
Kartini Sally – Chief Investment Officer ( kartini.sally@bakrie.co.id ) Andini Aritonang – Investor Relations Senior Manager ( andini.aritonang@bakrie.co.id )