Pt Pertamina Geothermal Energy Tbk · IDX:PGEO
Pt Pertamina Geothermal Energy Tbk — Q1 2024 Earnings Presentation
16 slides from Pt Pertamina Geothermal Energy Tbk's earnings presentation, 2024
Slide 1: Creating Value to Accelerate PGE's 1 GW Geothermal Company
Creating Value to Accelerate PGE’s 1 GW Geothermal Company PT Pertamina Geothermal Energy Tbk First Quarter 2024 Earnings Call Presentation 1
Slide 2: Disclaimer
Disclaimer NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, EXCEPT TO “QUALIFIED INSTITUTIONAL BUYERS” (AS DEFINED IN RULE 144A UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”)) OR IN ANY OTHER JURISDICTION IN WHICH SUCH
Slide 3: Board of Directors
Board of Directors Julfi Hadi Ahmad Yani Rachmat Hidajat Yurizki Rio President Director Director of Operation Director of Exploration and Development Director of Finance Experience: Experience: Experience: Experience: ▪ SVP Geothermal Assets, Medco Power ▪ GM Area Geothermal Lahendong, Director Head
Slide 4: Table of Contents
Table of Contents Q1 2024 Key Performance Highlights Operational and Financials Performances PGE Overview & Expansion Plan Company Concession Area l Company Goal & Objective l Installed Capacity Forecast l Quick Win Strategies 4
Slide 5: Q1 2024 Key Performance Highlights
Q1 2024 Key Performance Highlights 5
Slide 6: Key Operations Highlights
Key Operations Highlights Company's Production Reveals A Strong Year-on-year Growth. Kamojang Lahendong Ulubelu Lumut Balai Karaha 424.72 GWh 227.31 GWh 411.21 GWh 120.47 GWh 24.71 GWh Vs. 441.00 GWh (3M23) Vs. 220.21 GWh (3M23) Vs. 371.69 GWh (3M23) Vs. 120.24 GWh (3M23) Vs. 24.44 GWh (3M23) -3,69%
Slide 7: Production Performance (Own Operation)
Production Performance (Own Operation) Debottlenecking of Ulubelu facility utilization, higher load regulation in Lahendong and Lumut Balai areas, and major overhaul shift in 1Q24 to 2Q24 Production Performance Q1 2024 (GWh) Production Performance Q1 2024 (GWh) – Per Working Area Installed Capacity
Slide 8: Financial Performances
Financial Performances Profit & Loss (in USD mn.) Revenue Breakdown (in USD mn.) Own Production Revenue Sensitivity (in USD mn.) 0.69% 1Q23 1Q24 2.42% 0.09% 2.41% 102.62 103.32 96.43 98.77 1.14 98.77 -3.18% 1Q23 1Q24 91.26 91.34 -3.10% 4.61 76.58 74.15 1.16% 6.34% 61.49 59.58 96.44 46.97 47.51 41.13
Slide 9: Financial Performances
Financial Performances Strong Cash Stream To Support Future Organic and Inorganic Expansions Financial Position December 31 March 31 Capex March 31 March 31 % % (USD mn.) 2023 2024 (USD mn) 2023 2024 Total Assets 2,964 2,990 0.87 Development 3.82 8.51 122.77 Total Liabilities 992 965 (2.72) Maintena
Slide 10: PGE Overview & Expansion Plan
PGE Overview & Expansion Plan 10
Slide 11: PGE Concession Areas
3,794 PGE Concession Areas United States PGE is leading the way for Indonesian geothermal capacity development slated to equal top 5 geothermal nations in 2 years 2,356 Seulawah Lahendong Unit 1-6 (120 MW) Own operation Aceh North Sulawesi Indonesia Lumut Balai Unit 1 (55MW) Exploration Sibayak (12
Slide 12: Growth Strategies: Up To 3 GW
Growth Strategies The Company Continues to Expand its Installed Capacity through Both Organic and Inorganic Growth Strategies Installed Capacity Target by 2034 (MW) Seulawah Up To 3 GW Additional Installed Capacity Potential geothermal resources Sibayak Existing Capacity 1637 1637 1637 1582 1527 Kot
Slide 13: Powering Growth
Powering Growth PGE's Aggressive Expansion through Organic and Inorganic Strategies, Pursuing Numerous New PPAs in 2024 340 500 Green Field Development Co-Generation Technology Quick Win 1 GW MW MW 1. 2. Lumut Balai unit 2 Hululais unit 1 & 2 55 MW 110 MW 1. 2. Kotamobagu Lahendong 7 & 8 90 MW 40 MW
Slide 14: Organic Project Update
Organic Project Update PGE Ensures All Projects Reach Commercial Timelines as Planned LUMUT BALAI UNIT 2 (55 MW) LAHENDONG UNIT 7 & 8 (2X20 MW) HULULAIS UNIT 1&2 (2X55 MW) • Project Progress 64,3%, additional ▪ Additional installed capacity by 2028 ▪ Additional installed capacity by 2026 installed c
Slide 15: New Revenue Stream
New Revenue Stream PGE's Aggressive Expansion into Derivative Businesses: Beyond Electricity Initiatives FLOW2MAX : FLOW METER 2 PHASE PGE LABS SERVICE PGE ICT SOLUTION Key Features Geothermal Sampling • PEKA (Work Safety Observation) Real time, secure & encrypted, online Exploration, well testing g
Slide 16: Thank You
Thank You Investor Relations Pertamina Geothermal Energy Grha Pertamina, 7th Floor Pertamax Tower Jl. Medan Merdeka Timur, Jakarta, Indonesia https://www.pge.pertamina.com pge.ir@pertamina.com
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