Pt Bakrie & Brothers Tbk Class A · IDX:BNBR
Pt Bakrie & Brothers Tbk Class A — 9M 2024 Earnings Presentation
26 slides from Pt Bakrie & Brothers Tbk Class A's earnings presentation, September 2024
Slide 1: Management Presentation September 2024
September 2024
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 units
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) NETT EBITDA 649 316 3,079 2,723 274 Rp billion Rp billion Rp billion 134 9M23 9M24 9M23 9M24 9M23 9M24 • Revenue decreased by 12% at • The Company booked net • EBITDA was recorded the first nine months of 2024 profit at the first nine months
Slide 6: Balance Sheet Summary
Balance Sheet Summary TOTAL ASSET EQUITY Rp trillion Rp trillion 7.10 7.08 4.33 2.66 YE23 9M24 YE23 9M24 • Asset was relatively stable in the first nine • Equity increased in the first nine months of months of 2024. 2024 as a result of Quasi Reorganization which has become effective on August 22, 20
Slide 7: Loans and debt - Parent Only
Parent Only TOTAL LOAN TOTAL DEBT RUPIAH AND US DOLLAR 810 2 US$ million Rp billion Rp billion 51 1,578 104 0 104 YE23 9M24 YE23 9M24 YE23 9M24 Short Term Loan Long Term Loan MANAGEMENT PRESENTATION
Slide 8: Debt restructuring through loan conversion - Parent Only
Through Loan Conversion - Parent Only • Company’s effort to revitalize its balance sheet has shown positive signs. • Company continue its debt settlement and restructuring efforts with remaining creditors in the end of year 2024. 2019 - 2017 2022 2023 - 2016 2018 2024 Total Debt restructuring done 9
Slide 9: BNBR Business
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Slide 10: Business units overview
• Has partnered with BYD Auto • The pioneer in grey & ductile • Has experience in the building • Specializing in steel • Bakrie Power has the capacity and has launched electric casting iron products for OEM materials industry for fabrication and civil of developing power plants, buses at the IMF eve
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: VKTR business and product development
Entering the battery supply Trade in spare parts, accessories as Business and Product chain ecosystem anticipates part of circular economy support. Development for Battery the need to recycle batteries at Electric Vehicles (BEV). the end of life of batteries used to comply with ESG compliance princi
Slide 13: Product: automotive components
182,373 116,600 24,511 78,805 20,190 18,164 34,743 14,191 11,096 -79,348 2020 2021 2022 2023 9M 2024 2020 2021 2022 2023 9M 2024 *not including sales from BMC which is counted per piece Product Prospect • OEM supplier for automotive components. • In 2023 sales of motor vehicles increased to approxim
Slide 14: Product: prefabricated housing and construction
6,280 4,673 1,332 1,420 1,035 -4,412 -7,852 -3,827 564 -25,128 2020 2021 2022 2023 9M 2024 2020 2021 2022 2023 9M 2024 *not including sales from civil construction product and services Product Prospect • Prefabricated house products and focusing on civil • In the FY2023 period, the growth rate for h
Slide 15: Product: steel structure and pipes
256,449 267,331 103,837 92,329 75,541 67,069 68,287 103,426 105,256 -7,306 2020 2021 2022 2023 9M 2024 2020 2021 2022 2023 9M 2024 *not including production of steel structure in oil & gas sector which is calculated with man-hour unit Product Prospect • Services for steel construction, EPC, and a pr
Slide 16: Growth Strategy
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Slide 17: Growth strategy by business unit
• Increase of production capacity utilization. • Expand further into production of passenger vehicle components and after sales market. • Increase of non-automotive segment. • Shifting of business from manufacturing into services provider. • Business development of prefabricated buildings using new
Slide 18: Energy transition and electric vehicle strategy
• Accelerate the transition from electricity generation using fossil fuels to electricity generation using new and renewable energy. • Developing solar power plants in several factories and facilities of BNBR and other Bakrie groups. • Development of charging stations for electric vehicles. • Expand
Slide 19: Strategic Initiatives
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Slide 20: 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 21: Cimanggis-Cibitung Toll Road
Cimanggis-Cibitung Toll Road • Collaborating with PT Waskita Toll Road (a subsidiary of PT Waskita Karya Tbk) and PT Sarana Multi Infrastruktur. • 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
Slide 22: 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 23: Appendix
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Slide 24: Company 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 25: 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 26: Investor relations contacts
Kartini Sally – Chief Investment Officer ( kartini.sally@bakrie.co.id ) Andini Aritonang – Investor Relations Senior Manager ( andini.aritonang@bakrie.co.id )