Pt Indo Tambangraya Megah Tbk · IDX:ITMG
Pt Indo Tambangraya Megah Tbk — Q3 2025 Earnings Presentation
25 slides from Pt Indo Tambangraya Megah Tbk's earnings presentation, Nov 17, 2025
Slide 1: Analysts Meeting 3Q25 Performance Result
Analysts Meeting 3Q25 Performance Result 17 November 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
Simm Highlights
Slide 5: ITM 3Q25 highlights
ITM 3Q25 highlights Operational Performance Contracted capacity of the solar based- renewable energy reached 102MWp Production 5.0 Mt -2% QoQ / -14% YoY Total cumulative contracted capacity of solar-based renewable project up to 3Q25 has reached 102 MWp, 13% QoQ increase from 90 MWp in the previous
Slide 6: Empowering performance through digitalization
Empowering performance through digitalization Digitalization product highlights More than 6 years since we start digitalization through Triple Operations Transformation: Smart Business, Smart Technology, and Smart People 69 AI Barge Logistic Mine Operation Infused work and Management System Collabor
Slide 7: Making innovation into our culture
Making innovation into our culture ITM fosters innovation, empower employees to develop ideas reinforced through training and innovation conventions across all levels. Engagement platform Banpu-level Site-level ITM-level Highlights innovations in the Focuses on technical quality Assesses business im
Slide 8: Digitalization and innovation: it takes two to tango
Digitalization and innovation: it takes two to tango Innovation drives digitalization and digitalization amplifies innovation. Together, they create a reinforcing cycle and synergy to achieve business goals. Process automation Out of the box solution Automate processes to reduce Solve problems in ne
Slide 9: Coal Market Trends
Simm (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 coal demand remains resilient, driven by restocking, industrial activity, Unit: Mt Demand Supply and constrained supply, though high inventories may curb spot demand. The outlook is weighed down by economic
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 3Q25 $73.5/t (-1% QoQ/-24% YoY) 300 7 November 2025 NEX ICI 3 200 $108.2/t $63.1/t Monthly NEX September $104.1/t 100 3Q25 ITM ASP $73.5/t Monthly ICI 3 September $58.5/t 0 2017 2018 2019 2020 2021 2022 2023 2
Slide 12: ITM coal sales
ITM coal sales 3Q25 coal sales volume based on sales destination 9M25 coal sales % Others 9% 6.1Mt Bangladesh 2% (4% QoQ/-3% YoY) China 35% Philippines 4% 2.9 Mt India 11% 1.2 Mt 9M25 sales actual 17.9 Mt 0.2 Mt Korea Japan 17% Indonesia 0.5 Mt Japan 0.1 Mt 22% China Bangladesh 0.2 Mt India FY25 Ind
Slide 13: Operational Updates
Simm Os Operational Updates
Slide 14: Coal mining operational summary
Coal mining operational summary IMM Target production Indominco Mandiri FY25 target: 7.0 Mt FY25: 21.1 Mt EAST 4Q25: 5.7 Mt KALIMANTAN IMM GPK GPK Graha Panca Karsa Coal production FY25 target: 2.1 Mt TCM 3Q25: 5.0 Mt -2% QoQ/ -14% YoY TIS TCM BEK Strip ratio Trubaindo Coal Mining 3Q25: 9.4x -4% QoQ
Slide 15: Operational update – Indominco Mandiri
Operational update – Indominco Mandiri Quarterly production (Mt) IMM Indominco Mandiri FY25 Target: 7.0 Mt 1.9 2.0 9M25 Actual: 5.0 Mt 1.7 1.8 3Q24 2Q25 3Q25 4Q25e SR (bcm/t) 11.5x 12.2x 12.1x 13.1x EAST KALIMANTAN ▪ 3Q25 production was below target at 1.8 Mt, with a strip ratio of 12.1x, due to hig
Slide 16: Operational update – Trubaindo Coal Mining
Operational update – Trubaindo Coal Mining Quarterly production (Mt) TCM Trubaindo Coal Mining FY25 Target: 3.1 Mt 9M25 Actual: 2.1 Mt 1.0 0.7 0.8 0.6 3Q24 2Q25 3Q25 4Q25e SR (bcm/t) 15.4x 14.0x 12.2x 10.5x EAST KALIMANTAN ▪ 3Q25 production was slightly below the target at 0.8 Mt with a strip ratio
Slide 17: Operational update – Bharinto Ekatama
Operational update – Bharinto Ekatama Quarterly production (Mt) BEK Bharinto Ekatama 2.8 FY25 Target: 8.5 Mt 2.3 2.0 9M25 Actual: 6.1 Mt 1.8 3Q24 2Q25 3Q25 4Q25e SR (bcm/t) 6.6x 7.3x 5.8x 7.6x EAST KALIMANTAN ▪ 3Q25 production reached the target of 1.8 Mt with lower strip ratio of 5.8x. ▪ 4Q25 produ
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: 0.5 Mt NORTH KALIMANTAN 0.7 9M25 Actual: 1.7 Mt 9M25 Actual: 0.4 Mt 0.1 0.6 0.5 0.5 0.1 0.1 0.1 TIS 0.6 0.5 0.4 0.4 GPK 3Q24 2Q25 3Q25 4Q25e SR (bcm/t) 24.8x 16.4
Slide 19: Financial Updates
Nit™ alal Financial Updates
Slide 20: Financial performance – profitability
Financial performance – profitability INCOME STATEMENT EBITDA REVENUE Unit: $ Mn Unit: $ Mn 360 1,657 1,369 237 161 608 437 450 72 73 3Q24 2Q25 3Q25 9M24 9M25 3Q24 2Q25 3Q25 9M24 9M25 Average selling price ($/ton) 96.7 74.5 73.5 96.6 76.5 NET PROFIT Unit: $ Mn Gross profit ($ Mn) 204 89 102 480 327
Slide 21: Financial performance – cost
Financial performance – cost TOTAL COST BREAKDOWN STRIP RATIO Unit: $/ton Unit: (x) 68.7 74.7 63.4 63.6 63.9 11.3 10.9 8.6 8.4 8.7 Royalty 9.7 10.1 9.2 9.4 9.3 3Q24 2Q25 3Q25 9M24 9M25 63.8 57.4 3Q24 2Q25 3Q25 9M24 9M25 54.8 55.2 55.3 SG&A expenses FUEL PRICE D&A expenses Unit: $/liter Other product
Slide 22: Financial position
Financial position BALANCE SHEET Borrowing Borrowing Unit: $ Mn 85 42 Other Other Liabilities TOTAL ASSETS DEBT TO EQUITY Liabilities 433 423 Cash As of 30 September 2025 As of 30 September 2025 Cash 964 972 $2,383Mn 0.02x 9M24: $2,346Mn 9M24: 0.05x Total Total CASH TO ACTUAL Equity Equity TOTAL ASS
Slide 23: Q&A Session
OS Q&A Session T/A =
Slide 24: QoQ and YoY financial performance
QoQ and YoY financial performance Unit: US$ thousand 3Q25 2Q25 QoQ (%) 3Q24 YoY(%) 9M25 9M24 YoY(%) Net Revenues 449,800 436,900 3% 607,647 (26%) 1,369,216 1,657,176 (17%) Gross Profit 102,298 89,362 14% 204,267 (50%) 327,010 479,502 (32%) Gross Profit Margin 23% 20% 34% 24% 29% Selling Expenses (38
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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