Pt Barito Pacific Tbk · IDX:BRPT
Pt Barito Pacific Tbk — FY2024 Earnings Presentation
18 slides from Pt Barito Pacific Tbk's earnings presentation, March 2025
Slide 1: Impact Beyond Returns: FY24 Earnings Call
Impact Beyond Returns Company Presentation FY24 Earnings Call PT Barito Pacific Tbk March 2025
Slide 2: Disclaimer
PAGE 1 Disclaimer This presentation has been prepared by the management of PT Barito Pacific Tbk. (“Barito Pacific” or the “Company”) for information purposes and contains general background information about Barito Pacific group including forward-looking statements on its business, financial condit
Slide 3: Key Discussions
PAGE 2 Key Discussions 01 02 03 FY2024: Operational Projects: Result Update Existing & Summary Pipelines
Slide 4: FY24 Results Summary
01 FY24 Results Summary
Slide 5: Key Dynamic Factors
1 PAGE 4 Key Dynamic Factors Petrochemical Producers in Indonesia Petrochemical Spread to Naphtha Run rates & Capacity Factor Oil Price & EBITDA 99 99 92% 95 93 88 82 81 Before SEG 71 64 Turnaround Maintenance in 3Q24 58 Avg. utilization rate 2020-2024: > 90% 52 47 47 60% 37 1Q23 2Q23 3Q23 4Q23 1Q24
Slide 6: Key Financial Summary
1 PAGE 5 Key Financial Summary Revenue (US$ million) EBITDA (US$m) & EBITDA Margin Net profit after tax (US$m) 3,156 34,0% 2,962 25,3% 537 2,760 21,4% 16,0% 296 570 2,387 797 595 356 591 596 570 475 111 76 493 515 2.580 476 123 2.385 441 2.160 100 1.785 32 2021 2022 2023 2024 2021 2022 2023 2024 202
Slide 7: Safeguarded Capital Structure Amid Expansions
1 PAGE 6 Safeguarded Capital Structure Amid Expansions Net Debt to Equity (x) Fixed vs. Floating (%) 17% 29% 31% 31% 0,72x 0,63x 0,60x 83% 71% 69% 70% 0,18x 2021 2022 2023 2024 2021 2022 2023 2024 Fixed Floating Debt to Capital (%) Debt composition IDR Bank Loan 51,6% 50,90% 52,50% 10% 42,0% USD Ban
Slide 8: Key Operational Update
02 Key Operational Update Utilization rate & Capacity Factor
Slide 9: Petrochemical: Market Product Prices
2 PAGE 8 Petrochemical Market Product Prices: Spreads remain generally healthy despite lower overall product prices Olefins Polyolefins Styrene Monomer (SM) & Butadiene 1.476 1.420 1.197 1.280 1.384 1.056 1.040 1.052 1.060 937 1.106 937 873 1.023 873 976 950 873 840 807 657 657 651 651 651 657 Polye
Slide 10: Petrochemical: Operating Rates
2 PAGE 9 Petrochemical Operating Rates: Maintaining Strong Operational Efficiency During Turnaround Maintenance Naphtha Cracker Polyethylene Plant Polypropylene Plant Styrene Monomer Plant 83% 88% 88% 75% 53% 61% 60% 57% FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 Butadiene Plant MTBE Pl
Slide 11: Petrochemical: Production & Sales
2 P A G E 10 Petrochemical Production & Sales: Sustaining Production Levels to Ensure Reliable Market Supply amidst Turnaround Maintenance Production Sales (all figures in KT) Ethylene Plant(1) Polyethylene Plant Polypropylene Plant Styrene Monomer Plant 743 650 647 517 511 480 441 439 445 452 205 2
Slide 12: Energy operating performance
2 P A G E 11 Energy operating performance Wayang Windu Salak Units 1 to 3 (IP operated turbine) Salak Units 4 to 6 (1) 99,0% 99,0% 99,0% 97% 95% 97% 95% 97% 96% 97,0% 96,6% 90% 93% 90% 86% 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Darajat Unit 1 (IP operated turbine)
Slide 13: Projects: Existing & Pipeline
03 Projects: Existing & Pipeline Fostering resilience & sustainable growth through balance pillars
Slide 14: Clear Roadmap for growth trajectory
3 Clear Roadmap for growth trajectory P A G E 13 Petrochemical Projects Status Capex Estimated Completion FID CA-EDC +/-US$800 million 2026 Ground Breaking 2024 SECP Acquisition CSPA with Shell TBA After Regulatory Approval 2024 Energy: Development Projects On Existing area Projects Status Capex Est
Slide 15: Chemical & Infrastructure
3 P A G E 14 Chemical & Infrastructure Establishing Stronger Presence in The Region Seamlessly Integrating Organic Growth and Strategic Acquisitions ~5x Revenue Growth Total Production Volume projected from 2024-2026 ‘000 ton 9.572 9.572 8.672 900 8 4.440 . 5 0 1 4.232 4.232 4.232 4.061 3.301 3.301
Slide 16: Renewable Energy
3 P A G E 15 Renewable Energy Aiming > 1GW milestone by 2025 through capacity addition on existing operating assets, before reaching 1.94GW milestone by 2030 Geothermal Development Plan (in MW) Windfarm Development Plan (in MW) Geothermal capacity addition under base case scenario W indfarm capacit
Slide 17: Property
3 P A G E 16 Property Early-stage development to seize FDI Opportunity Residential Patimban Industrial Estate • Exclusive residential with six cluster • Strategic Asset Location adjacent to the Patimban Deep Sea Port • +/-27ha 1st phase of a land plot in Western • Join venture development of 600ha l
Slide 18: Q&A
Q&A