Pt Rmk Energy Tbk · IDX:RMKE
Pt Rmk Energy Tbk — Q4 2023 Earnings Presentation
35 slides from Pt Rmk Energy Tbk's earnings presentation, May 17, 2024
Slide 1: Analyst Meeting 4Q 2023 Result Announcement
ANALYST MEETING 4Q 2023 RESULT ANNOUNCEMENT PT RMK ENERGY TBK [RMKE] Sustainable Operations to Support Global Energy Security Operasi Berkelanjutan untuk Menopang Ketahanan Energi Global
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 pre
Slide 3: Chapter 1: Company Profile
RMKE CHAPTER 1 COMPANY PROFILE
Slide 4: Why Invest in RMKE
WHY INVEST in RMKE STRATEGIC ASSETS LOCATION 01 Located in a strategic area and the pioneer in 06 SUSTAINABLE PROFITABILITY Net profit CAGR 37.6%* South Sumatera INTEGRATED COAL LOGISTICS SERVICE 02 The only private coal logistics providers 07 SOLID BALANCE SHEET DER 0.52 time** integrated with train
Slide 5: Management Team
MANAGEMENT TEAM 1. Vincent Saputra 3. Jennifer Angeline President Director Finance Director 2. William Saputra 4. Sugiyanto Tjoa Operational Director Director 2 1 3 4 5
Slide 6: Chapter: Strategy & Target
RMKE CHAPTER 2 STRATEGY & TARGET
Slide 7: Maintaining Sustainable Performance
MAINTAINING SUSTAINABLE PERFORMANCE Management Highlight: SUSTAINABLE SOLID IMPROVING STRONG PROFITABILITY BALANCE SHEET CASH FLOW OPERATIONS Operating revenue Equity +23.1% YoY to IDR 1.5Tn Operating Coal sales volume 4Q 2023 -14.0% to IDR 712.8Bn 4Q 2023 -88.6% to IDR 25.2Bn 4Q 2023 -0.6% YoY to 6
Slide 8: Strategy 2023
STRATEGY 2023 Improving the implementation of better GCG, especially in terms 01 of administrative compliance with regulators (Done) Continuing the construction of hauling roads to open access to 02 coal production integrated with RMKE facilities (Progressing) Establishing cooperation with potential
Slide 9: Our Target Achievement in 2023
OUR TARGET ACHIEVEMENT IN 2023 2023 2023 Achievement No a b b/a Indicator Unit Target* Actual % Unloading train mio MT 11.6 11.1 96.0 Coal Services Loading barge mio MT 7.6 7.6 99.5 1 Operational Coal Sales In-house & third parties mio MT 2.5 2.4 93.7 Overburden removal mio Bcm 2.5 2.5 98.7 In-house
Slide 10: Strategy 2024
STRATEGY 2024 Continuing the construction of hauling roads to open access 01 towards coal production integrated with RMKE facilities Establishing cooperation with potential mines to increase 02 coal sales volume and services Optimizing collaboration within the RMK Grup Indonesia to 03 improve group
Slide 11: RMKE Target Achievement in 2024
RMKE TARGET ACHIEVEMENT IN 2024 2023 2024 Change No b b b/a Indicator Unit Actual Target % Unloading train Mn MT 11.1 10.9 (1.6) Coal Services Loading barge Mn MT 7.6 9.9 31.5 1 Operational Coal Sales In-house & third parties Mn MT 2.4 3.5 48.9 Overburden removal Mn Bcm 2.5 3.8 52.2 In-house TBBE Co
Slide 12: Corporate Outlook
CORPORATE OUTLOOK No 2024 2025 2026 2027 2028 Indicator Unit Projection Projection Projection Projection Projection Unloading train Mn MT 10.9 12.0 14.3 17.2 20.2 Coal Services Loading barge Mn MT 9.9 11.9 14.3 17.2 20.1 1 Operational Coal Sales In-house & third parties Mn MT 3.5 4.2 5.2 6.8 8.8 Ove
Slide 13: Chapter: Operational Performance
CHAPTER 3 OPERATIONAL PERFORMANCE 13
Slide 14: Boost Service Segment Performance to Maintain 2023 Performance
BOOST SERVICE SEGMENT PERFORMANCE TO MAINTAIN 2023 PERFORMANCE Train Unloading Volume Barge Loading Volume 4Q 2023 -41.6% YoY to 1.9 Mn MT 4Q 2023 -44.3% YoY to 1.3 Mn MT 12M 2023 -4.7% YoY to 11.1 Mn MT 12M 2023 -3.2% YoY to 7.6 Mn MT 7.8 7.6 11.7 11.1 2.4 3.3 1.3 1.9 4Q 2022 4Q 2023 12M 2022 12M 2
Slide 15: Support the Sales by Optimizing In-House Production
SUPPORT THE SALES BY OPTIMIZING IN-HOUSE PRODUCTION Coal Sales Volume & ASP In-house Coal Production Volume & OB Removal Coal sales volume Average selling price Coal getting OB removal 4Q 2023 -0.6% YoY to 674.8K 4Q 2023 -17.0% YoY to IDR704.0 4Q 2023 -57.5% YoY to 134.7K MT 4Q 2023 -6.4% YoY to 492
Slide 16: Enhance Efficiency with On-Time Performance
ENHANCE EFFICIENCY WITH ON-TIME PERFORMANCE 12M 2022 12M 2023 Efficiency Train unloading time (hour) 04:09 03:24 (00:45) Fuel ratio 12M 2022 12M 2023 Efficiency (MT/liter)* 0.90 0.88 (0.02) * per MT loading barge 16
Slide 17: Chapter: Financial Performance
CHAPTER 4 FINANCIAL PERFORMANCE 17
Slide 18: Revenue Supported by Increased Service Contributions
REVENUE SUPPORTED BY INCREASED SERVICE CONTRIBUTIONS Operating Revenue Coal Sales Segment Coal Services Segment 12M2023: -6.6% YoY to IDR2.6 Tn 12M2023: -15.6% YoY to IDR1.8 Tn 12M2023: 24.0% YoY to IDR769.5 Bn 2,733.6 2,113.1 2,553.1 769.5 620.5 1,783.6 12M 2022 12M 2023 12M 2022 12M 2023 12M 2022
Slide 19: Service Segment Still Supports the 2023 Performance
7.77 SERVICE SEGMENT STILL SUPPORTS THE 2023 PERFORMANCE Gross Profit Coal Sales Segment Coal Services Segment 12M2023: -16.9% YoY to IDR489.1 Bn 12M2023: -39.3% YoY to IDR259.0 Bn 12M2023: 42.1% YoY to IDR230.1 Bn 21.5% 20.2% 29.9% 19.2% 26.1% 14.5% 588.6 489.1 426.6 259.0 230.1 162.0 12M 2022 12M 2
Slide 20: RMKE Maintains Positive Profitability
7.77 RMKE MAINTAINS POSITIVE PROFITABILITY EBIT EBITDA Net Profit 12M2023: -21.9% YoY to IDR415.6 Bn 12M2023: -21.4% YoY to IDR475.0 Bn 12M2023: -23.5% YoY to IDR308.9 Bn 22.1% 19.5% 18.6% 16.3% 604.1 14.8% 12.1% 532.0 475.0 415.6 404.1 308.9 12M 2022 12M 2023 12M 2022 12M 2023 12M 2022 12M 2023 EBIT
Slide 21: Cost of Revenues Contribution
COST OF REVENUES CONTRIBUTION Coal Sales Segment Coal Services Segment 100% 10.5% 5.0% 100% 2.7% 2.5% 6.5% 13.0% 88.2% 16.7% 25.0% 29.7% Coal Transportation Others Royalty Total Repair and Rent Fuel Salary and Depreciation Others Total maintenance allowance The cost of revenues from coal sales segme
Slide 22: Solid Balance Sheet Meets Credit Covenants
SOLID BALANCE SHEET MEETS CREDIT COVENANTS Asset Liability Equity 4Q 2023: 34.0% YoY to IDR2.2 4Q 2023: 62.3% YoY to IDR762.9 Bn 4Q 2023: 23.1% YoY to IDR1.5 Tn Tn 2.2 0.5 1.8 27.8 0.4 21.9 2,247.7 1,676.8 1,484.8 1,206.7 762.9 470.2 4Q 2022 4Q 2023 4Q 2022 4Q 2023 4Q 2022 4Q 2023 Asset Liability Eq
Slide 23: RMKE Maintains Operating Cash Flow Stays Positive
7.77 RMKE MAINTAINS OPERATING CASH FLOW STAYS POSITIVE Cash Flow from Operating Cash Flow from Investing Cash Flow from Financing 12M2023: -34.8% YoY to IDR187.4 Bn 12M2023: +496.6% YoY to IDR399.8 Bn 12M2023: +151.3% YoY to IDR93.0 Bn 93.0 287.7 187.4 (67.0) (181.3) 12M 2022 12M 2023 (399.8) 12M 20
Slide 24: Appendix
RMKE CHAPTER 5 APPENDIX
Slide 25: Revenue Supported by Increased Service Contributions
REVENUE SUPPORTED BY INCREASED SERVICE CONTRIBUTIONS Operating Revenue Coal Sales Segment Coal Services Segment 4Q 2023 -14.0% YoY to IDR712.8 Bn 4Q 2023 -5.7% YoY to IDR563.8 Bn 4Q 2023 -35.4% YoY to IDR149.0 Bn 12M2023: -6.6% YoY to IDR2.6 Tn 12M2023: -15.6% YoY to IDR1.8 Tn 12M2023: 24.0% YoY to
Slide 26: Service Segment Still Supports the 2023 Performance
SERVICE SEGMENT STILL SUPPORTS THE 2023 PERFORMANCE Gross Profit Coal Sales Segment Coal Services Segment 4Q 2023 -64.1% YoY to IDR54.8 Bn 4Q 2023 -18.7% YoY to IDR83.3 Bn 4Q 2023 -156.6% YoY to IDR-28.5 Bn 12M2023: -16.9% YoY to IDR 489.1 Bn 12M2023: -39.3% YoY to IDR259.0 Bn 12M2023: 42.1% YoY to I
Slide 27: RMKE Maintains Positive Profitability
RMKE MAINTAINS POSITIVE PROFITABILITY EBIT EBITDA Net Profit 4Q 2023 -77.3% YoY to IDR30.7 Bn 4Q 2023 -75.9% YoY to IDR39.3 Bn 4Q 2023 -77.9% YoY to IDR23.8 Bn 12M2023: -21.9% YoY to IDR415.6 Bn 12M2023: -21.4% YoY to IDR475.0 Bn 12M2023: -23.5% YoY to IDR308.9 Bn 19.5% 22.1% 16.4% 19.6% 18.6% 16.3%
Slide 28: RMKE Maintains Operating Cash Flow Stays Positive
7.77 RMKE MAINTAINS OPERATING CASH FLOW STAYS POSITIVE Cash Flow from Operating Cash Flow from Investing Cash Flow from Financing 4Q 2023 -88.6% YoY to IDR25.2 Bn 4Q 2023 628.3% YoY to IDR281.4 Bn 4Q 2023 +308.3% YoY to IDR233.5 Bn 12M2023: -34.8% YoY to IDR187.4 Bn 12M2023: 496.6% YoY to IDR399.8 B
Slide 29: Consolidated Operational Performance
CONSOLIDATED OPERATIONAL PERFORMANCE (in metric ton, unless stated otherwise) INDICATOR 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 Chg (%) 12M 2022 12M 2023 Chg (%) COAL SALES Coal sales 678,785.9 719,284.6 402,451.3 553,856.3 674,829.3 (0.6) 2,484,008.7 2,350,421.6 (5.4) Average selling price 847,977.
Slide 30: Consolidated Statements of Profit (Loss)
CONSOLIDATED STATEMENTS OF PROFIT (LOSS) (currency in billion IDR, unless stated otherwise) INDICATOR 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 Chg (%) 12M 2022 12M 2023 Chg (%) REVENUES Coal Sales 598.1 545.7 314.7 359.4 563.8 (5.7) 2,113.1 1,783.6 (15.6) Services 230.6 216.2 206.0 198.3 149.0 (35.4)
Slide 31: Consolidated Statements of Financial Position
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (currency in billion IDR, unless stated otherwise) INDICATOR 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 Chg (%) ASSETS Current Assets 780.0 950.3 944.3 1,023.1 1,208.7 55.0 Non Current Assets 896.8 941.7 922.8 995.0 1,038.9 15.8 Total Asset 1,676.8 1,892.0
Slide 32: RMKE Meets the Minimum Requirements of Credit Covenant
RMKE MEETS THE MINIMUM REQUIREMENTS OF CREDIT COVENANT (currency in billion IDR, unless stated otherwise) INDICATOR 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 Chg (%) Short Term Debt FINANCIAL DEBT Short Term Bank Loans 2.3 79.2 56.2 152.4 343.5 15,100.8 79.4% Current Maturity Long Term Liabilities Ban
Slide 33: Consolidated Statements of Cash Flow
CONSOLIDATED STATEMENTS OF CASH FLOW (currency in billion IDR, unless stated otherwise) INDICATOR 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 Chg (%) 12M 2022 12M 2023 Chg (%) CASH FLOW Cash Flows From Operating 222.0 20.4 71.9 69.9 25.2 (88.6) 287.7 187.4 (34.8) Cash Flows From Investing Activities (38
Slide 34: Awards
AWARDS CNBC Indonesia Awards 2023 The Best Investortrust Companies 2023 Best Energy Companies The Best Sectors Investortrust Companies 2023, The Most Impressive Coal Logistic Company Energy Sector 34
Slide 35: Thank You
Thank You RMKE Investor & Public Relations rmkenergy.com PT RMK Energy Tbk rmke.official Wisma RMK Lantai 2 Jalan Puri Kencana Blok M4/1 Jakarta Barat, DKI Jakarta 11610 PT RMK Energy Tbk (021) 582 2555