Pt Indo Tambangraya Megah Tbk · IDX:ITMG
Pt Indo Tambangraya Megah Tbk — Q2 2025 Earnings Presentation
25 slides from Pt Indo Tambangraya Megah Tbk's earnings presentation, Aug 15, 2025
Slide 1: Analysts Meeting 2Q25 Performance Result
Analysts Meeting 2Q25 Performance Result 15 August 2025
Slide 2: Agenda
Agenda Highlights Coal Market Trends Operational Updates Financial Updates Q&A Session
Slide 3: Disclaimer
Disclaimer The information contained in this presentation is intended solely for your reference. This presentation contains “forward-looking” statements that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements, other than statements of
Slide 4: Highlights
Nim™ Highlights
Slide 5: ITM 2Q25 highlights
ITM 2Q25 highlights Operational Performance ITM has been honored with 3 TOP CSR Awards 2025 ITM was recognized for its CSR initiatives through three awards namely Platinum Production 5.1 Mt -5% QoQ / 17% YoY Trophy, TOP CSR 5 Star Award and TOP Leader on CSR Commitment in TOP CSR Awards 2025. ITM ha
Slide 6: Starting our initial step in strategic minerals through nickel
Starting our initial step in strategic minerals through nickel About PT Adhi Kartiko Pratama Tbk (AKP): An upstream nickel mining company producing both high and low grade nickel ores which are used in stainless steel and EV batteries production. Reserves and resources* Production and sales trend Un
Slide 7: Updates on renewables business
Updates on renewables business Cumulative solar-based renewable contracted capacity trend Strategically capturing market trend Unit: MWp ITM’s renewable energy expansion is our response to the increasing demand for sustainable power. This growth 90 reflects our ability to capture the emerging market
Slide 8: IBP portfolio growth
IBP portfolio growth IBP (ITM subsidiary) has reached 14 provinces until June 2025 and will Project highlights continue to strengthen its solar-based renewable energy portfolio Sinar Sosro 5.3 MWp Semen Jawa 3.7 MWp McDonald 0.8 MWp Capacity stated above is cumulated contracted capacity per customer
Slide 9: Coal Market Trends
Nim (0)72 Coal Market Trends
Slide 10: Global thermal coal market
Global thermal coal market Coal demand and supply change – 2025e vs 2024 Demand trends Global thermal coal demand is expected to rise seasonally with summer power Unit: Mt Demand Supply needs, but coal prices remain under pressure due to weak coal generation and high end-user stockpiles, which will
Slide 11: ITM ASP vs thermal coal benchmark prices
ITM ASP vs thermal coal benchmark prices ITM ASP vs benchmark prices Unit: $/t ITM ASP 400 2Q25 $74.5/t (-9% QoQ/-22% YoY) 300 08 August 2025 NEX ICI 3 200 $116.0/t $57.1/t Monthly NEX June $106.7/t 100 2Q25 ITM ASP $74.5/t Monthly ICI 3 June $56.2/t 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 11
Slide 12: ITM coal sales
ITM coal sales 2Q25 coal sales volume based on sales destination 6M25 coal sales % Others 7% 5.8Mt Bangladesh 3% China 29% (-1% QoQ/0% YoY) Philippines 4% India 13% 1.8 Mt 1.0 Mt 6M25 sales actual 11.7 Mt 0.1 Mt 0.8 Mt Korea Indonesia Japan 16% Japan 27% 0.1 Mt China Bangladesh 0.1 Mt India 0.1 Mt F
Slide 13: Operational Updates
Nim™ Os Operational Updates
Slide 14: Coal mining operational summary
Coal mining operational summary IMM Target production Indominco Mandiri FY25 target: 7.0 Mt FY25: 20.8 – 21.9 Mt EAST 3Q25: 5.5 Mt KALIMANTAN IMM GPK GPK Graha Panca Karsa Coal production FY25 target: 2.1 Mt TCM 2Q25: 5.1 Mt -5% QoQ/ 17% YoY TIS TCM BEK Strip ratio Trubaindo Coal Mining 2Q25: 9.7x 1
Slide 15: Operational update – Indominco Mandiri
Operational update – Indominco Mandiri Quarterly production (Mt) IMM Indominco Mandiri FY25 Target: 7.0 Mt 2.0 6M25 Actual: 3.2 Mt 1.7 1.6 1.7 2Q24 1Q25 2Q25 3Q25e SR (bcm/t) 11.9x 12.1x 12.2x 12.1x EAST KALIMANTAN ▪ 2Q25 production was achieved as targeted at 1.7 Mt, with a strip ratio of 12.2x, am
Slide 16: Operational update – Trubaindo Coal Mining
Operational update – Trubaindo Coal Mining Quarterly production (Mt) TCM Trubaindo Coal Mining FY25 Target: 3.3 Mt 6M25 Actual: 1.3 Mt 0.9 0.6 0.6 0.7 2Q24 1Q25 2Q25 3Q25e SR (bcm/t) 17.2x 7.6x 14.0x 11.8x EAST KALIMANTAN ▪ 2Q25 production was slightly below the target at 0.7 Mt with higher strip ra
Slide 17: Operational update – Bharinto Ekatama
Operational update – Bharinto Ekatama Quarterly production (Mt) BEK Bharinto Ekatama 2.4 FY25 Target: 8.3 Mt 2.0 6M25 Actual: 4.4 Mt 1.8 1.8 2Q24 1Q25 2Q25 3Q25e SR (bcm/t) 7.1x 7.9x 7.3x 6.2x EAST KALIMANTAN ▪ 2Q25 production was below target at 2.0 Mt, with a strip ratio of 7.3x due to challenging
Slide 18: Operational update – other mines
Operational update – other mines Quarterly production (Mt) GPK TIS Graha Panca Karsa Tepian Indah Sukses FY25 Target: 2.1 Mt FY25 Target: 0.6 Mt NORTH KALIMANTAN 0.7 0.7 0.7 6M25 Actual: 1.2 Mt 6M25 Actual: 0.3 Mt 0.1 0.1 TIS 0.2 0.2 0.03 0.6 0.6 GPK 0.5 0.2 2Q24 1Q25 2Q25 3Q25e SR (bcm/t) 43.5x 17.
Slide 19: Financial Updates
Nim alal Financial Updates
Slide 20: Financial performance – profitability
Financial performance – profitability INCOME STATEMENT EBITDA REVENUE Unit: $ Mn Unit: $ Mn 198 1,050 164 919 114 560 91 483 437 72 2Q24 1Q25 2Q25 6M24 6M25 2Q24 1Q25 2Q25 6M24 6M25 Average selling price ($/ton) 95.8 81.7 74.5 96.5 78.1 NET PROFIT Unit: $ Mn Gross profit ($ Mn) 156 135 89 275 225 Op
Slide 21: Financial performance – cost
Financial performance – cost TOTAL COST BREAKDOWN STRIP RATIO Unit: $/ton Unit: (x) 75 78 65 63 64 11 11 10.5 10.6 9 9 9 Royalty 9.7 9.3 8.8 2Q24 1Q25 2Q25 6M24 6M25 68 2Q24 1Q25 2Q25 6M24 6M25 65 56 55 55 FUEL PRICE SG&A expenses Unit: $/liter D&A expenses Other production costs* 0.81 0.78 0.72 0.7
Slide 22: Financial position
Financial position BALANCE SHEET Borrowing 51 Borrowing 15 Other Other Liabilities TOTAL ASSETS DEBT TO EQUITY 465 Liabilities As of 30 June 2025 As of 30 June 2025 Cash 370 1,040 Cash 877 $2,387Mn 0.03x 6M24: $2,161Mn 6M24: 0.01x Total CASH TO ACTUAL Total Equity Equity 1,870 TOTAL ASSETS REALIZED
Slide 23: Q&A Session
O}S) Q&A Session
Slide 24: QoQ and YoY financial performance
QoQ and YoY financial performance Unit: US$ thousand 2Q25 1Q25 QoQ (%) 2Q24 YoY(%) 6M25 6M24 YoY(%) Net Revenues 436,900 482,516 (9%) 560,292 (22%) 919,416 1,049,529 (12%) Gross Profit 89,362 135,350 (34%) 155,874 (43%) 224,712 275,235 (18%) Gross Profit Margin 20% 28% 28% 24% 26% Selling Expenses (
Slide 25: ITM group structure
ITM group structure PT Indo Tambangraya Megah Tbk. INDONESIAN STOCK EXCHANGE (65% shares owned by Banpu and 35% by Public) IPO 18th Dec 2007 (Ticker: ITMG) MINING 99.99% 99.99% 99.00% 99.99% 1 70.00% 99.99% 99.99% 99.99% PT Indominco PT Trubaindo PT Bharinto PT Jorong PT Graha PT Tepian PT Nusa PT K
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