Pt Merdeka Copper Gold Tbk · IDX:MDKA
Pt Merdeka Copper Gold Tbk — 19th CITIC CLSA ASEAN Forum 2023
31 slides from Pt Merdeka Copper Gold Tbk's conference presentation, Mar 8, 2023
Slide 1: Merdeka Copper Gold Tbk - 19th CITIC CLSA Asean Forum
Click to edit Master text PTstyles Merdeka Copper Gold Tbk 19th CITIC CLSA Asean Forum 8 – 10th March 2023 IDX: MDKA I www.merdekacoppergold.com 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by PT Merdeka Copper Gold Tbk (“Merdeka” or “MDKA”) and consists of written materials/slides for a presentation concerning Merdeka. By reviewing/attending this presentation, you agree to be bound by the following considerations: No representation or war
Slide 3: Portfolio Overview
Portfolio Overview Merdeka controls a portfolio of globally significant assets across Indonesia with group mineral resources of 34.8Moz of gold, 8.5Mt of copper, 13.8Mt of nickel and ~1.0Mt of cobalt 5 Mine, Smelter and Other Assets1 6 Acid Iron Metal (AIM) Project Ownership: 51.0% (Nickel mine) Own
Slide 4: Key Shareholders
Key Shareholders Provident, Saratoga and the Thohir Group have a long history of co-investments with a proven track record in building value through multi-billion-dollar companies, as well as attracting international institutional investors Edwin Soeryadjaya Michael Soeryadjaya Winato Kartono Hardi
Slide 5: Corporate Structure
Corporate Structure Other Merdeka Thohir Group Shareholders Controlling Shareholders 5% Other MBM Shareholders 8.5% 54.8% 36.7% Proposed ListCo Note: MBM shareholding reflects pro forma position post conversion of Huayou convertible loan, pre-IPO. Post IPO, Merdeka expects to maintain a majority sha
Slide 6: Delivering Value to Shareholders
Delivering Value to Shareholders Merdeka has a proven track record in project execution and operational performance resulting in sustained growth and value creation for all shareholders Future Value US$7.1bn2 Further, significant re- Upside3 Shareholder value rating potential as created since IPO US
Slide 7: Tujuh Bukit Gold Mine
Tujuh Bukit Gold Mine Production Information 2022 Highlights Mining Method Conventional open pit Metals Gold and silver Full year production of 125,133 ounces of gold Mineralisation Type High sulphidation epithermal Ore Reserves1 0.6 Moz cont. Au & 27 Moz cont. Ag 21koz of gold, 142koz of silver sol
Slide 8: Wetar Copper Mine
Wetar Copper Mine Production Information 2022 Highlights Mining Method Conventional open pit Metals Full year production of 19,551 tonnes of copper Copper Mineralisation Type Volcanogenic massive sulphide (“VMS”) 5,085 tonnes of copper sold at an average price of Copper Mineral Reserves1 127 kt cont
Slide 9: Tujuh Bukit Copper Project
Tujuh Bukit Copper Project Merdeka is progressing a Pre-Feasibility Study (PFS) which is targeted for completion in 1Q 2023. The PFS is assessing a phased development approach to optimise pre-production capital investment 9
Slide 10: Competitive "Cycle-Proof" Cost Structure
Competitive “Cycle-Proof” Cost Structure Tujuh Bukit Copper Project is anticipated to be a low-cost, long-life operation with a 1st quartile AISC of US$0.50/lb net of gold credits1 – favourably positioned compared to peer SLC and block caving operations US$/lb 12.0 Underground Open Pit/ Mixed Develo
Slide 11: Pani Gold Project
Pani Gold Project Pani is a significant undeveloped gold resource located across Combined Pani Gold Project Schematic Section two adjacent mining tenements1 in Gorontalo Province, Northern Sulawesi Pani is expected to become a long-life and low-cost gold mine with the potential to produce a signific
Slide 12: Merdeka Battery Materials
Merdeka Battery Materials Various significant EV value chain assets establish MBM as a vertically integrated, global player in the strategic minerals and EV battery value chain Legend MBM’s ownership % Tsingshan’s ownership % 202x Year Commencing Operations 51.0% 49.0% Various% 50.1% 49.9% 80.0% 20.
Slide 13: MBM Development Strategy
MBM Development Strategy MBM’s various high quality EV value chain assets in Indonesia establishes MBM as a vertically integrated, global player in the strategic minerals and EV battery value chain Map of MBM’s Assets – Central and South East Sulawesi, Indonesia 1 SCM Mine 2 Under Development 3 The
Slide 14: World Class Nickel Resource
World Class Nickel Resource The SCM Mine is one of the world’s largest nickel resources containing 13.8Mt of nickel and 1.0Mt of cobalt – this resource attracts downstream asset JV opportunities with leading players all along the battery value chain World Nickel Mines Overview – Top 25 Mines by Cont
Slide 15: Capturing the Entire Nickel Battery Value Chain
Capturing the Entire Nickel Battery Value Chain Merdeka Battery Materials is a vertically integrated operation with existing profitable nickel processing facilities and planned HPAL plants to capture future battery materials value chain Limonite, Acid, Steam, Limestone Limestone 3rd Party HPAL SCM M
Slide 16: AIM Project
AIM Project AIM is a significant growth opportunity for Merdeka and is well positioned to benefit from the growth in acid demand expected as additional HPAL plants are constructed at IMIP and across Indonesia Wetar AIM High-grade pyrite (80%) (20%) (FeS2) feedstock from Raw Step One Step Two Step Th
Slide 17: Construction Progress at AIM Project
Construction Progress at AIM Project Construction activities continue to progress with design reaching 98% completion while international procurement reached 75% completion Pyrite Plant Acid Plant Site works completed during the quarter include: • Pyrite Plant: construction activities ahead of sched
Slide 18: Commitment to Sustainability
Commitment to Sustainability Merdeka ESG Mission Select Merdeka ESG Initiatives Select Merdeka ESG Achievements July 2022 November 20221 January 20232 “Our Mission is … to be a • TCFD (Task Force on Climate leader in safety, environmental Related Financial Disclosures) assessment across Merdeka’s pr
Slide 19: GHG Emissions Reduction Roadmap
GHG Emissions Reduction Roadmap BASELINE STRATEGIES Achieving net Signed two agreements with PLNc for green electricity in zero by 2050 as Energy Substitution 2022, with the first site to utilize green energy from November a contribution Renewable electricity from geothermal sources. 2022. towards h
Slide 20: Summary
Summary Established and Strong Indonesian Well placed to deliver Strong balance sheet Commitment to proven gold and shareholders with a value to shareholders with the ability to sustainability, safety, copper production proven track record of through its access equity and environmental capability va
Slide 21: Contact
Click to edit Master text styles For more information, please contact or visit investor.relations@merdekacoppergold.com www.merdekacoppergold.com 21
Slide 22: Appendix
Click to edit Master text styles Appendix 22
Slide 23: Management Team with a Proven Track Record
Management Team with a Proven Track Record Albert Saputro Jason Greive Andrew Starkey Gavin Caudle David Fowler Titien Supeno Eric Rahardja Boyke Abidin Peter Scanlon Luke Morris Executive President Commercial and Title Acting CEO Chairman & Director CFO & Director Director External Affairs Construc
Slide 24: Merdeka Project Developments Overview
Merdeka Project Developments Overview Merdeka is advancing multiple operations and growth projects through exploration, feasibility study and development phases Prior to 2022 2022 2023 2024 2025 2026 2027 Tujuh Bukit Future annual production guidance of 120,000 to 140,000 ounces of gold Produced fir
Slide 25: Select Merdeka Corporate Developments
Select Merdeka Corporate Developments Since IPO, Merdeka has engaged in a number of value adding acquisitions, as well as attracting blue chip international institutional investors and a consortium of high-quality lenders Tujuh 2012 2013-2015 2016 2017 2018 2019-2020 Acquired TB Drilling and feasibi
Slide 26: Indonesia's Rich Resources and Supportive Government Makes it an Optimal Country for EV
Indonesia’s Rich Resources and Supportive Government Makes it an Optimal Country for EV Indonesia has established itself as the largest nickel producer globally underpinned by its large nickel resource base and strong government support allowing it develop into a global EV supply chain hub Indonesia
Slide 27: Established Partnerships with Global EV Battery Leaders
Established Partnerships with Global EV Battery Leaders Merdeka Battery Materials has strong strategic cooperation with CATL, Tsingshan and Huayou Cobalt, who are all major global players in the EV battery value chain • One of the world’s largest nickel and stainless-steel producers • World’s no.1 E
Slide 28: World's Leading EV Players in Indonesia
World’s Leading EV Players in Indonesia Merdeka Battery Materials is well positioned as a leading supplier of EV battery precursors to capture future commercial opportunities with the world’s leading EV players • Launched the first locally made • Announced a US$6bn integrated EV IONIQ 5 in March 202
Slide 29: Competent Person's Statements
Click to edit Master text styles Competent Person’s Statements 29
Slide 30: Merdeka Competent Person's Statement
Merdeka Competent Person’s Statement The information in this report which relates to Exploration Activities and Exploration Results is based on, and fairly represents, information compiled by Mr. Zach Casley, BSc (Hons). Mr. Casley is full-time employee of PT Merdeka Copper Gold Tbk. Mr. Casley is a
Slide 31: SCM Mine Competent Person's Statement
SCM Mine Competent Person’s Statement The information in this report that relates to Mineral Resources is based on information compiled by Mr. Mick Elias and Mr. Dmitry Pertel. Mr. Elias is a part-time employee of CSA Global Pty Ltd and Mr. Pertel is a full-time employee of AMC. Mr. Elias is a Fello
PT Merdeka Copper Gold — 19th CITIC CLSA ASEAN Forum 2023 on 6ix