Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — MedcoEnergi — FY2025 Earnings Presentation
30 slides from Pt Medco Energi Internasional Tbk's earnings presentation, Apr 2, 2026
Slide 1: MedcoEnergi 2025 Results
Value. Focus. Growth. MEDCOENERGI 2025 RESULTS Medco Energi Internasional Tbk (IDX: MEDC, OTCQX: MDCOY) 2 April 2026
Slide 2: Today's Speakers
Today’s Speakers Roberto Lorato Ronald Gunawan Amri Siahaan Anthony R. Mathias Chief Executive Officer Chief Operating Officer Chief Administrative Officer Chief Financial Officer Highlights & Operational Power & Financial Portfolio Growth Performance Sustainability Performance The following present
Slide 3: Highlights
Roberto Lorato Highlights Chief Executive Officer 3 East Bali Solar PV, Bali Value. Focus. Growth.
Slide 4: Full Year 2025 Operating & Financial Highlights
Full Year 2025 Operating & Financial Highlights Production Capex Net Income Consol. Debt EBITDA Credit Ratings 156 437 101 3.6 1,264 Fitch S&P : BB- : BB- O&G: 402 Power: 35 mboepd USD mn USD mn USD bn USD mn Moody's : Ba3 RG Net Debt to Power Sales Cash Cost ROE RG Debt EBITDA ESG Ratings 2.0x 4,37
Slide 5: Key Milestones Achieved Across All Three Business Segments
Key Milestones Achieved Across All Three Business Segments New production in Natuna, Corridor and Oman; Renewable sales up 32%; AMMAN Smelter ramping up Oil & Gas Clean Power Copper & Gold Mining • Incremental production from Natuna, • Ijen Geothermal Phase-1 35MW and • AMMN Net Income contribution
Slide 6: Q1 2026 Update
Q1 2026 Update MEDC price tracked ahead of oil price escalation; Oman operations unaffected; TGI pipeline repair mid-April Share Price1 Reflects Changing Assumptions in Q1 Medco in the Middle East TGI Pipeline Ruptured in Jan 2026 2018 2020 2022 2024 Mar 2026 MEDC Brent • Q1 2026 MEDC share price ap
Slide 7: Portfolio Growth
Roberto Lorato Portfolio Growth Chief Executive Officer 7 Corridor PSC, South Sumatra Value. Focus. Growth.
Slide 8: Targeted Expansions
Targeted Expansions New assets added 84 mmboe 2P Reserves in 2025 Core South Sumatra Footprint • Corridor, Sakekemang and PT Transportasi Gas Indonesia (“TGI”) acquisitions expand Sumatra footprint • Corridor acquisition: production impact ~25 mboepd with valuation at ~USD 7/boe for 58 mmboe 2P rese
Slide 9: Oil & Gas Accretive Expansions
Oil & Gas Accretive Expansions We Continue To Focus On Value- And Credit-accretive Opportunities South Natuna Sea Corridor PSC Sakakemang PSCs (45%) & Ophir Energy Plc Corridor PSC Oman 60 & 48 EPSA Cendramas PSC (50%) Block B PSC (increased to 70%) Transgasindo (TGI) (40%) Acquisition price USD 238
Slide 10: Proven Ability to Extract Value from Acquisitions
Proven Ability to Extract Value from Acquisitions 93% of 2025 2P Reserves are Independently Certified Oil & Gas Production (mboepd) Net 2P Reserves (mmboe) Reserves1,2 and Resources as of 31 December 2025: 165-170 163 160 152 156 539 564 1P Reserves 386 mmboe 481 493 50% 389 2P Reserves 564 mmboe 94
Slide 11: Operational Performance
Ronald Gunawan Operational Performance Chief Operating Officer 11 Belida Platform, Block B, Riau Islands Value. Focus. Growth.
Slide 12: Four New Developments Onstream in 2025
Four New Developments Onstream in 2025 Natuna, Corridor, Oman and Senoro Onstream in 2025 Natuna: Forel oil and Terubuk gas fields Oman 60: Bisat-C processing and ABB discoveries Corridor: Seismic and Suban Compressor re-wheeling Senoro: Phase 2A facilities 12 Value. Focus. Growth.
Slide 13: Oil & Gas Operational Results
Oil & Gas Operational Results 156 mboepd production; 11.4-year 2P Reserve Life Index; 206% five-year RRR Oil & Gas Production (mboepd) Oil & Gas Cash Cost1 (USD/boe) 165-170 96 163 160 156 152 78 78 68 67 50% 94 129 128 111 113 60 20% 9.5 < 10 8.3 8.2 8.6 6.8 41 43 30% 34 34 32 2021 2022 2023 2024 F
Slide 14: Operational Progress on Key Oil & Gas Assets
Operational Progress on Key Oil & Gas Assets Terubuk and Forel Onstream; 300 bcf upside on Bangkanai Block B • The Forel and Terubuk fields, inaugurated by President Prabowo, will produce up to 20 mbopd and 60 mmscfd, ~ 30 mboepd1 • Terubuk WHP-L and WHP-M onstream Q2 and Q3 2025 • PSC Extension (20
Slide 15: Cendramas PSC
Cendramas PSC Expanding Regional Footprint: Malaysia, New PSC Signed Effective 23 September 2026 • 140-km offshore Peninsular Malaysia, 680 km2, ~70m water depth • 4 oil producing fields: Cendor, East Cendor, West PM304 Desaru, Irama • 3 DROs1: Cendor Graben, East Desaru, Kemasik Block-B • Current P
Slide 16: Power & Sustainability
Amri Siahaan Power & Sustainability Chief Administration Officer 16 Sarulla Geothermal Power Facilities, North Sumatra Value. Focus. Growth.
Slide 17: Three New Power Assets Commissioned in 2025
Three New Power Assets Commissioned in 2025 Ijen Geothermal, East Bali Solar and ELB Combined Cycle in Service; Bonjol Exploration Drilling in Progress Ijen Geothermal: 35 MW COD1 Q1 2025 East Bali Solar PV: 25 MWp COD Q2 2025 ELB Expansion: 39 MW COD Q4 2025 Bonjol Geothermal: Exploration Drilling
Slide 18: Power Operational Results
Power Operational Results Renewable Capacity Target achieved; 32% YoY growth in Renewable Sales Metric Q4-25 Q3-25 QoQ % FY 25 FY 24 YoY % Gross Power Sales, GWh Gross Operating Installed Capacity, MW Power Sales (GWh) 1,183 1,194 (1.0) 4,371 4,108 6.4 4,371 3,993 4,155 4,108 3,171 - Renewables (GWh
Slide 19: Investing in Gas & Renewables Power
Investing in Gas & Renewables Power New projects and developments building scale Gas to Power Geothermal Solar PV Expanding footprint New greenfield development Pursuing projects with larger scale Completed Projects: Riau, 275 MW Sarulla, 330 MW Sumbawa, 26 MWp COD 2022, 1,458 GWh power sales in 202
Slide 20: Tracking Our ESG and Climate Commitments
Tracking Our ESG and Climate Commitments E&P Scope 1&2 GHG Emissions1,3, mn tCO2e 30% reduction from Base Year 2019 AAA ACHIEVED . AA 5.4 4.8 4.6 4.4 4.2 3.8 3.8 20% 30% A A As of 23 March 2026, BBB PT Medco Energi Internasional Tbk 2019 2020 2021 2022 2023 2024 2025 2025 2030 received an MSCI ESG R
Slide 21: Financial Performance
Anthony R. Mathias Financial Performance Chief Financial Officer 21 Value. Focus. Growth.
Slide 22: Financial Results
Financial Results EBITDA USD 1,264 mn despite 15% YoY realized price decline • Oil and Gas Revenue and EBITDA flat, and margins Metric Q4-25 Q3-25 QoQ % FY-25 FY-24 YoY % Revenue (USD mn) 638.0 618.6 3.1 2,395.0 2,399.2 (0.2) - Oil and Gas (USD mn) 591.1 564.3 4.7 2,189.5 2,178.0 0.5 maintained YoY
Slide 23: Financial Results
Financial Results Record TSR in 2025; Proactive debt management; Moody’s upgrade to Ba3 • Dividends paid USD 80 mn, 19% growth per share and annual TSR of 27% • Consolidated Gross Debt increased by 10% due to purchase of FPSO Marlin, Patriot bond back-to-back funding and project financing for new po
Slide 24: 2026 Guidance
2026 Guidance Oil & Gas Oil & Gas RG Net Debt Power Sales Capex ROE Production Cash Cost to EBITDA 2025 Actual 2.0x 156 4,371 437 8.6 USD 67 per boe 5 O&G: 402 Power: 35 2.0x mboepd GWh USD mn USD per boe Mid-cycle at USD 65 per boe Percent 2026 Guidance 165 - 170 4,550 400-430 < 10 O&G: 415 Power:
Slide 25: Q&A
Q&A 25 Value. Focus. Growth.
Slide 26: Appendix
Appendix 26 Value. Focus. Growth.
Slide 27: Amman Mineral Statistics
Amman Mineral Statistics Metric Q4-25 Q3-25 QoQ % FY 25 FY 24 YoY % Copper Gross Reserves & Resources (Blbs) Gold Gross Reserves & Resources (Moz) Production 31/12/2024 31/12/2024 - Copper (Mlbs) 64 55 16.1 209 395 (47.1) - Gold (Koz) 27 16 69.1 103 803 (87.2) - Copper cathode (t) 38,797 21,247 82.6
Slide 28: Financial Statistics
Financial Statistics Q4 25 vs Q4 25 vs FY 25 vs Metrics Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 FY 24 FY 25 Q4 24 ∆% Q3 25 ∆% FY 24 ∆% Average Realized Price Oil 79.8 81.9 78.1 72.0 72.2 66.5 66.3 62.6 (13.0) (5.6) 78.0 66.6 (14.6) Gas 7.0 7.0 7.0 7.1 7.1 6.9 6.8 6.7 (6.1) (2.3) 7.0 6.8 (2.5
Slide 29: Anchored in Indonesia, We Operate in Southeast Asia and The Middle East
Anchored in Indonesia, We Operate in Southeast Asia and The Middle East Diverse energy mix of Oil & Gas, Clean Power, and Copper & Gold Mining Assets Mexico Yemen Thailand Bualuang, Simenggaris Thailand South Natuna Tarakan Sea Block B West Bangkanai Block A Cendramas Onshore Receiving Bangkanai Fac
Slide 30: PT Medco Energi Internasional Tbk
PT Medco Energi Internasional Tbk The Energy Building 53rd Floor SCBD Lot 11A Jl. Jend. Sudirman, Jakarta 12190 Indonesia P. +62-21 2995 3000 F. +62-21 2995 3001 E. investor.relations@medcoenergi.com investor.relations@medcoenergi.com Website : www.medcoenergi.com