Pt Rmk Energy Tbk · IDX:RMKE
Pt Rmk Energy Tbk — Q3 2022 Earnings Presentation
32 slides from Pt Rmk Energy Tbk's earnings presentation, Nov 21, 2022
Slide 1: Analyst Meeting Performance 3Q 2022
ANALYST MEETING Performance 3Q 2022 Jakarta, 21 November 2022 PT RMK Energy Tbk 1
Slide 2: Disclaimer
DISCLAIMER This presentation material was prepared by PT RMK Energy Tbk. (“RMKE”/“Company”) and has not been independently verified. No representation or warranty, express or implied, is made and no reliance is made on the accuracy or completeness of the information presented or contained in this pr
Slide 3: Chapter 1: Company Profile
CHAPTER 1 COMPANY PROFILE
Slide 4: Share Performance
SHARE PERFORMANCE SHARES OWNERSHIP Investor % RMK Investama 76.80 RMKE Management 3.20 Local Institution 3.25 Foreign Institution 1.33 Local Retail 14.94 Foreign Retail 0.48 Total 100.00 FREE FLOAT Investor % Local Institution 16.25 Foreign Institution 6.66 Local Retail 74.70 Foreign Retail 2.39 Tot
Slide 5: Why Invest in RMKE?
WHY INVEST in RMKE? 1. STRATEGIC ASSETS 2. INTEGRATED COAL 3. EFFICIENT & EFFECTIVE LOCATION COAL SERVICE SOLUTIONS 4. STRONG OPERATIONS 5. STRONG REVENUE LOGISTICS SERVICE GROWTH 6. SUSTAINABLE 8. HIGH SAFETY 10. GOOD CORPORATE 7. SOLID BALANCE SHEET 9. LONG TRACK RECORD PROFITABILITY STANDARD GOVE
Slide 6: RMK Energy Among the Peers
RMK ENERGY AMONG THE PEERS RMK Energy Peers Competitiveness Mode of transportation Railway Hauling road Safest transportation mode Tariff Rp 670-720/ton/km Rp 1,600-2,000/ton/km > 2 times lower Volume/frequency ̴2,800ton/train ̴30 ton/truck Bigger volume carried Strategic location ̴69 NM* ̴110 NM* T
Slide 7: Vision & Mission
VISION & MISSION MISSION 1. Provide Exceptional Services to Its Partners The Company that prides itself in its commitment to provide excellent VISION: services to its partners, the Company understands the importance of To Be A Leading Coal Logistic Providers In South Sumatera And Indonesia. timeline
Slide 8: Management Team
MANAGEMENT TEAM BOARD OF DIRECTORS TONY SAPUTRA VINCENT SAPUTRA WILLIAM SAPUTRA President Director Finance Director Operational Director 8
Slide 9: Line of Business
LINE OF BUSINESS COAL LOGISTICS SERVICES COAL SALES BUSINESS SEGMENT PT RMK Energy PT Royaltama Marga Kencana PT Royaltama Mulia Kencana PT Royaltama Multi Komoditi Nusantara PT Truba Bara Banyu Enim (RMKE) (RMAK) (RMUK) (RMKN) (TBBE) The Company is the largest The RMUK is to engage in PT Royaltama
Slide 10: Business Process
BUSINESS PROCESS Carrying coal from in-house Kramasan Port with 3 lines and third parties mining Coal logistic by train barge loading conveyors 1 3 5 2 4 Gunung Megang Loading Simpang Unloading Station Station with Train Loading with 5 Tracks Container System (TLS) Yard and Gantry Crane 10
Slide 11: Our Strategic Location & Strong Operations
OUR STRATEGIC LOCATION & STRONG OPERATIONS The only private coal logistics provider integrated with train in South Sumatera. 11
Slide 12: Chapter 2: Strategy & Target
CHAPTER 2 STRATEGY & TARGET
Slide 13: Corporate Strategy
CORPORATE STRATEGY STRATEGY TARGET PROGRESS • Become a coal port that can ship at least • The in-house coal mining PT Truba Bara Banyu Enim 25 million ton per year (TBBE) has been operating in February 2022. • Develop unloading station with at least (completed) 17 million ton capacity per year • Gun
Slide 14: Medium Term Planning
MEDIUM TERM PLANNING INDICATOR 2022 2023 GOING FORWARD Coal volume Coal volume Coal volume (MT: million ton) OPERATIONAL (MT: million ton) (MT: million ton) Service ̴8.0 MT Service 1̴ 0.8 MT Service 2̴ 0.0 MT* PERFORMANCE Trading ̴2.2 MT Trading 3̴ .0 MT Trading 5 ̴ .0 MT* *End of 2026 Top line ̴IDR
Slide 15: On Track to Meet Our Target
ON TRACK TO MEET OUR TARGET (currency in billion IDR, except stated otherwise) Realization FINANCIAL INDICATOR 2021* 2022** 9M 2022 Chg (%)*** 9M 2022 (%) Operating Revenue 1,864.54 2,476.56 1,904.96 32.82 76.92 Gross Profit 327.18 543.85 435.90 66.23 80.15 Net Profit 198.14 375.38 296.37 89.45 78.9
Slide 16: YTD 9M 2022 Performance Highlight
YTD 9M 2022 PERFORMANCE HIGHLIGHT SUSTAINABLE PROFITABILITY SOLID BALANCE SHEET IMPROVING CASH FLOW STRONG OPERATIONS Operating revenue increased Equity increased by +36.92% Maintaining investment and Coal sales and services volume by +121.66%YoY to be IDR1.90T YoY to be IDR1.10T financing activitie
Slide 17: Chapter 3: Operational Performance
CHAPTER 3 OPERATIONAL PERFORMANCE
Slide 18: Coal Carried Reaches 5.46 M Ton, Increasing 21.08% YoY
COAL CARRIED REACHES 5.46 M TON, INCREASING 21.08% YoY in million ton 3Q 2022: 44.54% YoY 6.00 84.00 5.46 9M 2022: 21.08% YoY 82.00 5.00 4.51 80.00 RMK Energy carried 2.32 million ton 78.00 of coal in 3Q22, or significantly jumped 4.00 76.00 by 44.54% YoY. 3.00 74.00 2.32 For the nine-month period o
Slide 19: Coal Sales Reaches 1.62 Million Ton, Increasing 38.36% YoY
COAL SALES REACHES 1.62 MILLION TON, INCREASING 38.36% YoY in million ton 3Q 2022: (9.03%) YoY 1.80 35.00 9M 2022: 38.36% YoY 1.62 1.60 30.00 1.40 1.17 25.00 1.20 20.00 For the nine-month period of 2022, coal 1.00 sales reached 1.62 million ton of coal 0.80 0.68 0.68 15.00 or rose by 38.36% YoY and
Slide 20: Chapter 4: Financial Performance
CHAPTER 4 FINANCIAL PERFORMANCE
Slide 21: Top Line Stands at IDR1.90 T, Jumping by 121.66% YoY
TOP LINE STANDS AT IDR1.90 T, JUMPING BY 121.66% YoY Operating Revenue in billion IDR Revenue Segment in billion IDR Coal Sales 3Q 2022: 86.94% YoY 3Q 2022: 93.59% YoY 9M 2022: 121.66% YoY 1,600.00 9M 2022: 160.02% YoY 1,515.02 1,400.00 1,200.00 1,000.00 2,500.00 800.00 550.49 654.67 582.66 1,904.96
Slide 22: Booking Gross Profit at IDR435.90 B, Increasing by 126.67% YoY
BOOKING GROSS PROFIT AT IDR435.90 B, INCREASING BY 126.67% YoY Gross Profit in billion IDR Gross Profit Breakdown in billion IDR Coal Sales 3Q 2022: 98.11% 350.00 YoY 324.17 30.00 3Q 2022: 76.62% YoY 300.00 500.00 30.00 9M 2022: 188.87% YoY 25.00 9M 2022: 126.67% 450.00 YoY 435.90 250.00 20.00 400.0
Slide 23: Net Profit & EBITDA Stay High
NET PROFIT & EBITDA STAY HIGH Net Profit in billion IDR EBITDA in billion IDR 3Q 2022: 82.50% YoY 3Q 2022: 75.76% YoY 9M 2022: 153.62% YoY 9M 2022: 117.82% 500.00 YoY 30.00 442.10 350.00 20.00 450.00 296.37 18.00 400.00 25.00 300.00 16.00 350.00 20.00 250.00 14.00 300.00 12.00 200.00 250.00 204.23 2
Slide 24: Solid Balance Sheet
SOLID BALANCE SHEET Liabilities in billion IDR Asset in trillion IDR 1.65 2.50 1.60 1.60 2.00 3Q 2022: 14.44% YoY1.55 1.51 1.50 3Q 2022: 15.76% YoY 1.50 1.50 1.45 1.40 1.40 1.00 1.35 800.00 0.50 669.71 1.30 700.00 597.68 600.00 539.23 503.48 1.25 4Q 2021 1Q 2022 2Q 2022 3Q 2022 0.00 500.00 Total Ass
Slide 25: Cash Flow Remains Healthy
CASH FLOW REMAINS HEALTHY Cash Flow from Investing in billion IDR 3Q 2022: 96.23% YoY YTD 9M 2022: 82.91% YoY Cash Flow from Financing in billion IDR 0.00 (20.00) (7.55) (2.52) 3Q 2022: 161.83% YoY (40.00) (18.31) (28.38) (60.00) (80.00) YTD 9M 2022: 162.66% YoY (100.00) (66.82) (120.00) 150.00 110.
Slide 26: Chapter 5: Appendix
| | Nie CHAPTER 5 APPENDIX
Slide 27: Consolidated Operational Performance
CONSOLIDATED OPERATIONAL PERFORMANCE (in metric ton unit, except stated otherwise) INDICATOR 3Q 2021 1Q 2022 2Q 2022 3Q 2022 Chg (%) 9M 2021 9M 2022 Chg (%) OPERATIONAL Coal sales 681,619.85 321,204.76 681,022.74 620,072.09 (9.03) 1,172,500.55 1,622,299.59 38.36 Coal services 1,601,852.31 1,450,527.
Slide 28: Consolidated Statements of Profit (Loss)
CONSOLIDATED STATEMENTS OF PROFIT (LOSS) (currency in billion IDR, except stated otherwise) INDICATOR 3Q 2021 1Q 2022 2Q 2022 3Q 2022 Chg (%) 9M 2021 9M 2022 Chg (%) REVENUES Coal sales 338.17 309.85 550.49 654.67 93.59 582.66 1,515.02 160.02 Coal Services 107.53 103.69 107.70 178.54 66.04 276.73 38
Slide 29: Consolidated Statements of Financial Position
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (currency in billion IDR, except stated otherwise) INDICATOR 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Chg (%) ASSETS Current assets 527.05 619.44 614.86 731.10 38.71 Non current assets 873.33 891.62 881.77 871.46 (0.21) Total asset 1,400.38 1,511.06 1,496.63 1,60
Slide 30: RMKE Meets the Minimum Requirements of Credit Covenant
RMKE MEETS THE MINIMUM REQUIREMENTS OF CREDIT COVENANT (currency in billion IDR, except stated otherwise) INDICATOR 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Chg (%) FINANCIAL DEBT SEGMENT Short term debt 214.90 237.14 220.07 105.77 (50.78) Long term debt 213.93 199.15 156.07 183.29 (14.32) Total financial de
Slide 31: Consolidated Statements of Cash Flow
CONSOLIDATED STATEMENTS OF CASH FLOW (currency in billion IDR, except stated otherwise) INDICATOR 3Q 2021 1Q 2022 2Q 2022 3Q 2022 Chg (%) 9M 2021 9M 2022 Chg (%) CASH FLOW Cash flows from operating 98.19 (78.44) 114.21 29.86 (69.60) 108.89 65.63 (39.73) Cash flows from investing activities (66.82) (
Slide 32: Thank You
RMKE Investor Relations PT RMK Energy Tbk Thank You Wisma RMK Lantai 2 Jalan Puri Kencana Blok M4/1 Jakarta Barat, DKI Jakarta 11610 (021) 582 2555 investor.relations@rmkenergy.com www.rmkenergy.com