Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — 9M 2025 Earnings Presentation
23 slides from Pt Medco Energi Internasional Tbk's earnings presentation, Oct 31, 2025
Slide 1: MedcoEnergi Nine-Month 2025 Results
MedcoEnergi Nine-Month2025 Results PT Medco Energi Internasional Tbk (IDX Ticker: MEDC) | Jakarta, 31 October 2025
Slide 2: Nine-Month 2025 Results Agenda
Nine-Month2025 Results Highlights 3 Operational Performance 9 Financial Performance 12 2026 Guidance 15 Appendix 17 Oyong Platform, Sampang PSC, East Java The following presentation has been prepared by PT Medco Energi Internasional Tbk. (“Company” or “MedcoEnergi”) and contains certain projections,
Slide 3: Highlights
Highlights 3 Ijen Geothermal, East Java
Slide 4: Nine-Month 2025 Operating & Financial Highlights
Nine-Month 2025Operating & Financial Highlights EBITDA & Production & Capex & Net Income Consolidated Credit & RG Net Debt Power Sales Cash Cost & ROE & RG Debt ESG Ratings to EBITDA 150 297 86 3.7 946 Fitch S&P : BB- : BB- O&G: 276 Power: 21 mboepd USD mn USD mn USD bn USD bn Moody's : Ba3 2.0x 3,1
Slide 5: Selective Acquisitions Strengthening Growth
Selective Acquisitions Strengthening Growth Expand Sumatra footprint and infrastructure Acquisition of 24% Corridor PSC Core South Sumatra Footprint • Increased MedcoEnergi ownership to 70% from 46% • Acquired 45% and Operatorship of Sakakemang PSC and increased effective interest in PT Transportasi
Slide 6: Incremental Production Onstream
Incremental Production Onstream Production and value growth Natuna: Forel oil and Terubuk gas fields Oman 60: Bisat-C processing and ABB discoveries Corridor: Seismic and Suban re-wheeling Senoro: Phase 2A facilities completed 6
Slide 7: Additional Power Capacity
Additional Power Capacity Increasing Power footprint and scale Ijen Geothermal: 35 MW COD* Q1 2025 East Bali Solar PV: 25 MWp COD Q2 2025 ELB Expansion: 39 MW COD Q4 2025 Bonjol Geothermal: Exploration Drilling 7 *Commercial Operation Date
Slide 8: 2025 Guidance
2025 Guidance Oil & Gas Oil & Gas RG Net Debt Power Sales Capex ROE Production Cash Cost to EBITDA Nine-Month 2025 Financial Results 2.0x 150 3,188 297 8.8 USD 68 per boe 9 O&G: 276 Power: 21 2.1x mboepd GWh USD mn USD per boe Mid-cycle at USD 65 per boe Percent 2025 Guidance 155 - 160 4,300 430 < 1
Slide 9: Operational Performance
Operational Performance 9 Belida Platform, Block B, Riau Islands
Slide 10: Oil & Gas Operational Results
Oil & Gas Operational Results Monetizing resources value Metric Q3-25 Q2-25 Qo Q % 9M -25 9M -24 Yo Y % Oil & Gas Production (mboepd) Oil & Gas Cash Cost1 (USD/boe) Production Total (mboepd) 163 143 13.7 150 153 (2.3) 163 96 - Oil (mbopd) 45 42 7.7 42 42 0.5 160 155 - 160 152 153 150 78 78 80 - Gas
Slide 11: Power Operational Results
Power Operational Results Building scale and growing both Gas and Renewables IPPs Metric Q3-25 Q2-25 Qo Q % 9M -25 9M -24 Yo Y % IPP Power Sold, Gross 100%, GWh Gross Operating Installed Capacity, MW IPP Sold (GWh) 1,194 1,122 6.4 3,188 2,962 7.6 4,155 4,300 3,138 - Renewables (GWh) 302 254 19.2 799
Slide 12: Financial Performance
Financial Performance 12 Ijen Geothermal Power Facilities, East Java
Slide 13: Financial Results
Financial Results Financial resilience with strong EBITDA and liquidity Metric Q3-25 Q2-25 Qo Q % 9M -25 9M -24 Yo Y % EBITDA (USD mn) Restricted Group (RG) Debt (USD bn)1 Revenue (USD mn) 619 578 7.0 1,757 1,783 (1.5) - Oil and Gas (USD mn) 564 524 7.6 1,598 1,611 (0.8) 163 160 152 153 150 2.7 94 2
Slide 14: Delivering Shareholder Value
Delivering Shareholder Value Strong debt discipline and committed to increasing shareholder returns ROE vs Peers Relative 20231 Share 1Price Dividend History (IDR/share) Equity 45 41 • Outperforming both Brent and IDX LQ45 39 • Performance improvements justify dividend 28 24 29 25 growth 21 • Share
Slide 15: 2026 Guidance
2026 Guidance 15 Corridor PSC, South Sumatera
Slide 16: 2026 Guidance
2026 Guidance Oil & Gas Oil & Gas RG Net Debt Power Sales Capex ROE Production Cash Cost to EBITDA 2025 Guidance 155 - 160 4,300 430 < 10 < 2.5 > 10 O&G: 400 Power: 30 mboepd GWh USD mn USD per boe Mid-cycle at USD 65 per boe Percent 2026 Guidance 165 - 170 4,550 400-430 < 10 O&G: 415 Power: 15 < 2.
Slide 17: Appendix
Appendix 17 Terubuk Platform, Block B, Riau Islands
Slide 18: Our Business Strategy is Delivering Long-Term Value
Our Business Strategy is Delivering Long-Term Value Medco has built a diversified energy and natural resources portfolio anchored in Southeast Asia and the Middle East Oil & Gas Clean Power Copper & Gold Mining Production 155-160 Sales 4,300 Production 228 90 Guidance mboepd Guidance GWh IPP Power S
Slide 19: Diversified Oil & Gas portfolio across Southeast Asia and the Middle East
Diversified Oil & Gas portfolio across Southeast Asia and the Middle East 17 19 Thailand 22 11 12 13 1 21 14 6 15 7 8 18 20 Kalimantan 2 Sulawesi 3 Papua 4 9 16 5 Java 10 Production Pipeline Development West Natuna Transportation System Exploration Grissik-Batam-Singapore Grissik-Duri 1. Block A 6.
Slide 20: Power and Mining portfolio
Power and Mining portfolio Installed Production Development Development Exploration Exploration 1. Sarulla Geothermal 5. Cibalapulang Mini-hydro 9. Ijen Geothermal 12. Batu Hijau 2. Samosir Geothermal 6. Pusaka Mini-hydro 10. East and West Bali Solar PVs 13. Elang 3. Riau Gas-fired 7. DEB,MEB & ELB
Slide 21: Amman Mineral Statistics
Amman Mineral Statistics Metric Q3-25 Q2-25 Qo Q % 9M -25 9M -24 Yo Y % Copper Gross Reserves & Resources Gold Gross Reserves & Resources (Moz) Production (Blbs) 31/12/2024 31/12/2024 - Copper (Mlbs) 55 52 5.9 145 335 (56.9) - Gold (Koz) 16 27 (41.1) 76 708 (89.3) - Copper cathode (t) 21,247 19,170
Slide 22: Financial Statistics
Financial Statistics Q3 25 vs Q3 25 vs 9M 25 vs Metrics Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 9M 24 9M 25 Q3 24 ∆% Q2 25 ∆% 9M 24 ∆% Average Realized Price Oil 79.8 81.9 78.1 72.3 72.2 66.5 66.4 (14.9) (0.0) 79.9 68.3 (14.6) Gas 7.0 7.0 7.0 7.1 7.1 6.9 6.8 (2.9) (1.2) 7.0 6.9 (1.1) Revenue Conso
Slide 23: 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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