Pt Trimegah Bangun Persada Tbk · IDX:NCKL
Pt Trimegah Bangun Persada Tbk — 1Q24 Earnings Presentation
23 slides from Pt Trimegah Bangun Persada Tbk's earnings presentation, May 2024
Slide 1: Analyst Call 1Q24 Company Presentation
Analyst Call 1Q24 Company Presentation 1Q24 May 2024 tbpnickel.com
Slide 2: Table of Contents
Table of Contents Operation Overview 3 Project Updates - ONC + KPS 9 Financial Highlights 12 CSR, ESG & Sustainability 15 2
Slide 3: Operation Overview
Operation Overview 3
Slide 4: Harita Nickel's Highly Potential Mines and Integrated Facilities Location
Harita Nickel's Highly Potential Mines and Integrated Facilities Location Obi Island All the mines are located in the ultramafic areas Short Transportation Distance Between Assets All production facilities and supporting infrastructures are strategically planned and built in the west part of Obi Isl
Slide 5: Mining Operations
Mining Operations Mining Production Output (million wmt) Nickel Ore Sales (million wmt) 20.75 15.38 9.08 10.72 14.66 YoY 7.77 38% YoY 30% 6.29 5.88 3.59 3.61 4.25 5.89 3.22 2.78 3.97 6.30 6.09 2.64 2.03 1.97 2.36 4.43 2.06 1.62 1.90 1.56 1.88 1.65 0.86 0.72 FY21 FY22 FY23 1Q23 1Q24 FY21 FY22 FY23 1Q
Slide 6: HPAL Operations
HPAL Operations HPAL Production Output (In metal ton) HPAL Sales Volume (In metal ton) 55,000 46,093 42,251 63,655 YoY YoY MHP Ni MHP Ni 42,310 -38% 15% 16,716 12,699 14,564 13,750 14,778 12,671 7,899 15,641 9,664 13,349 7,765 5,317 5,303 6,651 1,533 1,605 1,651 943 1,721 1,058 1,391 1,811 797 945 4
Slide 7: RKEF Operations
RKEF Operations FeNi Production Output (In metal ton) FeNi Sales Volume (In metal ton) 90,000 101,538 100,891 YoY YoY 115% 110% 30,000 30,434 31,646 26,047 25,372 26,182 25,302 14,157 15,069 FY21 FY22 FY23 1Q23 1Q24 FY21 FY22 FY23 1Q23 1Q24 Notes: nameplate capacity • In FY21 - FY22, FeNi production
Slide 8: Production Capacity Growth Plans (Total Tons Contained Ni/Year)
Production Capacity Growth Plans (Total Tons Contained Ni/Year) 425,000*) Mixed Hydroxide Precipitate (MHP) • Intermediate nickel product produced by the HPAL process. 120,000 • Can be further processed into nickel Nickel Sulfate sulfate. • Mixed Hydroxide Precipitate (MHP) 240,000 Cobalt Sulfate (t
Slide 9: Project Updates – ONC + KPS
Project Updates – ONC + KPS 9
Slide 10: HPAL (ONC) - MHP Plant
HPAL (ONC) - MHP Plant Ore slurry storage and thickening 1st 2nd and 3rd autoclave, 1st 2nd and 3rd ore slurry storage & thickening and concentrated sulfuric acid storage tanks Autoclave 10
Slide 11: RKEF (KPS) – 1st Stage Construction
RKEF (KPS) – 1st Stage Construction Electric furnace section Power plant 3x380 MW to support KPS project (end of April, 2024 - 32.5% completed) Construction progress (end of April, 2024 – 32.5%completed) Dryer off gas cleaning station, electric furnace sections and other facilities 11
Slide 12: Financial Highlights
Financial Highlights 12
Slide 13: Highlights Profit & Loss Statement – 1Q24
Revenue Gross Profit and Margin 48% 55% 49% 35% 33% 27% CAGR (1) 80% CAGR (1) 62% 1,564 543 23,858 YoY (2) 8,276 YoY (2) 26% 314 3% 315 575 643 4,675 4,514 134 Highlights Profit & 279 4,072 8,229 9,568 314 4,786 385 6,034 1,957 103 1,567 103 1,618 Loss Statement – 1Q24 FY20 FY21 FY22 FY23 1Q23 1Q24
Slide 14: 1Q24 ASP, Cash Cost and Cash Margin (Mining & Processing Business)
1Q24 ASP, Cash Cost and Cash Margin (Mining & Processing Business) Mining Products (USD/wmt) HPAL Products (USD/mt) RKEF Product (USD/mt) Limonite Saprolite MHP Ni NiSO₄ CoSO₄ 17,025 11,208 33 12,789 8,692 11,691 21 9,830 8,724 16 7,195 6,346 11 12 5,345 4,065 2,516 5 ASP Cash Cost Cash Margin ASP C
Slide 15: ESG, CSR & Sustainability
ESG, CSR & Sustainability 15
Slide 16: Alignment with Best Practice Governance & Reporting Standards
Alignment with Best Practice Governance & Reporting Standards IRMA progress IFRS Sustainability Disclosure Standards readiness RMI RMAP progress (PT HPL) • Self-assessment completed • Standard 1: 80% indicators disclosed • Pre-Assessment phase completed • Auditing firm selected • Standard 2: 65% ind
Slide 17: Emissions Intensity as of December 2023
Emissions Intensity as of December 2023 Emissions intensity by product After the change in methodology, the intensity of PT HPL, MHP Tons CO2 equivalent / ton nickel content (tCO2e/Ni production emissions remains significantly lower than industry standards content) 75.33 59 68.38 *increase in emissi
Slide 18: Ecosystem and Environment
Ecosystem and Environment Water Size of Sediment Pond Commitments. >500 olympic-sized swimming pools. Net Terrestrial Conservation Gain within 20 years. Cr-VI Bunaken Landscape-level Nature Risk Assessment. Detailed Environmental And Social Impact Assessments. STP Bunaken PerMen LHK No. 9/1006 0.2 0
Slide 19: Commercial Area in New Kawasi Village as of April 2024
Commercial Area in New Kawasi Village as of April 2024 Blok C Blok A Infrastructure Infrastructure Blok D Blok B 209 Stores in the commercial area still on progress, where as permanent stores also are on progress. New Economic Areas: Blok C Blok C - Landfill/land clearing = 100%. - Block B construct
Slide 20: 1Q24 Community Development & Empowerment Program
1Q24 Community Development & Empowerment Program Health Service Education Socio Culture Village maternity shelter (Polindes) - numbers Harita mengajar - number of participants Eid Mubarak donations - number of of visits participants Taman ceria - number of students Easter donations - number of Suppl
Slide 21: Community Development & Empowerment Program
Community Development & Empowerment Program 691 65 26 Job Creation Local Suppliers Farmers Group Highest transaction amount/month IDR 13.2 Bn (~USD 852k) 21
Slide 22: How to ask the questions:
How to ask the questions: 1. Kindly raise your hand. 2. Moderator will allow you to talk. 22
Slide 23: THANK YOU
THANK YOU For futher information: PT Trimegah Bangun Persada Tbk | Headquarters, Panin Bank Building, Jendral Sudirman Kav.1 | Jakarta 102720 – Indonesia | Tel. +62 – 21 - 5722924 | Fax. +62 – 21 – 72789908. Email: lukito.gozali@haritanickel.com | investor.relations@haritanickel.com. 23
PT Trimegah Bangun Persada — 1Q24 Earnings Presentation on 6ix