Pt Rmk Energy Tbk · IDX:RMKE
Pt Rmk Energy Tbk — FY2022 Earnings Presentation
32 slides from Pt Rmk Energy Tbk's earnings presentation, Apr 5, 2023
Slide 1: Analyst Meeting Full Year 2022 Result Announcement
ANALYST MEETING FULL YEAR 2022 RESULT ANNOUNCEMENT 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 pr
Slide 3: Chapter 1: Company Profile
RMKE CHAPTER 1 COMPANY PROFILE
Slide 4: Share Performance and Shares Ownership
SHARE PERFORMANCE SHARES OWNERSHIP Investor % RMK Investama 76.80 RMKE Management 3.20 Local Institution 3.92 Foreign Institution 1.92 Local Retail 13.68 Foreign Retail 0.48 Total 100.00 FREE FLOAT Investor % Local Institution 19.61 Foreign Institution 8.84 Local Retail 72.54 Foreign Retail 2.38 Tot
Slide 5: Why Invest in RMKE
WHY INVEST in RMKE 1 2 3 4 5 STRATEGIC INTEGRATED EFFICIENT & STRONG EFFECTIVE STRONG ASSETS COAL LOGISTICS OPERATIONS REVENUE LOCATION SERVICE COAL SERVICE GROWTH SOLUTIONS 6 7 8 9 10 SUSTAINABLE SOLID BALANCE HIGH SAFETY LONG TRACK GOOD PROFITABILITY SHEET STANDARD RECORD CORPORATE GOVERNANCE 1. L
Slide 6: Management Team
MANAGEMENT TEAM BOARD OF COMMISSIONER SURIANI F. SAMBA TUA ROKHMAD SUNANTO President Commissioner Independent Commissioner Independent Commissioner BOARD OF DIRECTOR TONY SAPUTRA VINCENT SAPUTRA WILLIAM SAPUTRA President Director Finance Director Operational Director 6
Slide 7: Strategy & Target
RMKE CHAPTER 2 STRATEGY & TARGET ©
Slide 8: Full Year 2022 Performance Highlight
FULL YEAR 2022 PERFORMANCE HIGHLIGHT SUSTAINABLE PROFITABILITY SOLID BALANCE SHEET IMPROVING CASH FLOW STRONG OPERATIONS Operating revenue increased by Equity increased by +50.3% YoY to Maintain positive operating Coal sales +46.6%YoY to be IDR2.7T be IDR1.2T cash flow amounting Coal sales volume in
Slide 9: Most Indicators Meet Our Targets
MOST INDICATORS MEET OUR TARGETS 2022 2022 Achievement a b b/a No Indicator Unit Target Actual % Unloading train mio MT 7.8 11.7 149.5 Service Barge mio MT 7.8 7.8 100.2 1 Operational Coal Sales In-house & third parties mio MT 2.5 2.5 100.0 Overburden removal mio Bcm 3.8 2.0 53.4 In-house TBBE Coal
Slide 10: Operational Performance
CHAPTER 3 OPERATIONAL PERFORMANCE
Slide 11: Coal Services Segment Volume Surpasses the Target
COAL SERVICES SEGMENT VOLUME SURPASSES THE TARGET Unloading Train Volume Loading Barge Volume ● Unloading training 12M 2022: 94.8% YoY 12M 2022: 31.3% YoY volume reached 149.5% this year target. 11.7 ● Loading barge volume 7.8 reached reached 6.0 6.0 100.2% this year target. in million MT
Slide 12: Coal Sales Segment Volume Exceeds the Target
COAL SALES SEGMENT VOLUME EXCEEDS THE TARGET 12M 2022: 45.1% YoY ● Coal sales volume reached 100.0% of 2022 target. 2.5 ● Coal volume increase served as a cushion from the normalization of coal price 1.7 ● Coal average selling price decreased by -1.6% YoY in million MT 12
Slide 13: Financial Performance
CHAPTER 4 FINANCIAL PERFORMANCE
Slide 14: Revenue Grows Due to Increasing Volume
REVENUE GROWS DUE TO INCREASING VOLUME Operating Revenue Coal Sales Segment Coal Services Segment 12M 2022: 46.6% YoY 12M 2022: 45.3% YoY 12M 2022: 51.2% YoY 2,733.6 Higher operating revenue due to 2,113.1 increasing volume of coal sales 1,864.5 and services. 1,454.2 Operating revenue contribution Y
Slide 15: Higher Gross Profit Backed by Revenue Hikes
HIGHER GROSS PROFIT BACKED BY REVENUE HIKES Gross Profit Coal Sales Segment Coal Services Segment 12M 2022: 79.9% YoY 12M 2022: 75.8% YoY 12M 2022: 89.9% YoY 29.3 Coal services segment has the highest gross profit margin at 21.5 23.3 29.3% and underpins 19.2 17.5 588.6 consolidated gross profit. 15.
Slide 16: Coal Services Segment Safeguards Robust Profitability
COAL SERVICES SEGMENT SAFEGUARDS ROBUST PROFITABILITY Net Profit in billion IDR EBIT in billion IDR EBITDA ● Lower finance cost (- 12M 2022: 103.9% YoY 12M 2022: 22.0% YoY 65.7% QoQ, -22.3% YoY) also played important role in supporting the 19.5 robust profitability. 15.5 ● Company manages its 14.8 f
Slide 17: Balance Sheet Strengthened with Lower Debt Level
BALANCE SHEET STRENGTHENED WITH LOWER DEBT LEVEL Debt Asset Equity 4Q 2022: -49.4% YoY in billion IDR 4Q 2022: 19.7% YoY in trillion IDR 4Q 2022: 50.3% YoY in trillion IDR 428.82 23 0.5 217.14 14 0.2 1.7 1.2 1.4 0.8 Maintaining a lower level of debt helped to sustain the company's favorable financia
Slide 18: Coal Service Segment Bolster Solid Cash Flow
COAL SERVICE SEGMENT BOLSTER SOLID CASH FLOW Cash Flow from Financing Cash Flow from Investing Cash Flow from Operating 12M 2022: (350.9%) YoY in billion IDR 12M 2022: (79.9%) YoY in billion IDR 12M 2022: (7.0%) YoY in billion IDR 309.29 72.27 287.67 (181.33) (67.01) Coal services segment enhances o
Slide 19: Appendix
RMKE CHAPTER 5 APPENDIX
Slide 20: Coal Services Segment Volume Surpasses the Target
COAL SERVICES SEGMENT VOLUME SURPASSES THE TARGET Unloading Train Volume Loading Barge Volume 4Q 2022: 119.0% YoY 4Q 2022: 63.2% YoY in million MT 12M 2022: 94.8% YoY 12M 2022: 31.3% YoY 11.7 7.8 6.0 6.0 2.7 3.2 3.3 2.4 2.3 2.4 1.5 1.4 1.5 1.7 ● Unloading training volume reached 149.5% this year tar
Slide 21: Coal Sales Segment Volume Exceeds the Target
COAL SALES SEGMENT VOLUME EXCEEDS THE TARGET 4Q 2022: 25.9% YoY 12M 2022: 45.1% YoY 2.5 0.7 0.7 0.8 1.7 0.5 0.3 in million MT Coal sales volume reached 109.9% of 2022 target. Coal volume increase served as a cushion from the normalization of coal price
Slide 22: Revenue Grows Due to Increasing Volume
REVENUE GROWS DUE TO INCREASING VOLUME Operating Revenue Coal Sales Segment 4Q 2022: -17.6% YoY 4Q 2022: -31.4% YoY 12M 2022: 46.6% YoY 12M 2022: 45.3% YoY 2,113.1 2,733.6 1,454.2 871.5 1,864.5 550.5 654.7 598.1 309.9 1,005.1 833.2 828.6 658.2 413.5 Coal Services Segment 4Q 2022: 72.5% YoY in billio
Slide 23: Higher Gross Profit Backed by Revenue Hikes
HIGHER GROSS PROFIT BACKED BY REVENUE HIKES Gross Profit Coal Sales 4Q 2022: 13.2% YoY 4Q 2022: -30.7%YoY 12M 2022: 79.9% YoY 12M 2022: 75.8% YoY 27.9 25.1 22.0 19.2 24.4 15.9 21.5 13.7 13.8 18.4 17.5 8.6 16.4 13.4 406.7 588.6 231.4 119.2 153.4 144.2 26.6 82.6 327.2 152.7 164.9 203.3 134.9 67.7 in b
Slide 24: Coal Services Segment Safeguards Robust Profitability
COAL SERVICES SEGMENT SAFEGUARDS ROBUST PROFITABILITY Net Profit EBITDA 4Q 2022: 32.5% YoY 4Q 2022: 25.3% YoY 12M 2022: 103.9% YoY in billion IDR 12M 2022: 22.0% YoY in billion IDR 404.0 17.6 17.0 331.2 14.8 13.8 10.6 404.1 9.3 204.2 8.1 164.8 160.7 198.1 128.2 116.0 141.7 73.1 81.3 38. 107.7 6 7.5*
Slide 25: Balance Sheet Strengthened with Lower Debt Level
BALANCE SHEET STRENGTHENED WITH LOWER DEBT LEVEL Debt Asset 4Q 2022: (49.4%) YoY in billion IDR 4Q 2022: 19.7% YoY in trillion IDR 428.82 436.29 2.3 2.3 1.4 1.3 1.6 376.14 289.06 1.6 1.7 217.14 1.5 1.5 1.4 Equity 4Q 2022: 50.3% YoY in trillion IDR Maintaining a lower level of debt helped to sustain
Slide 26: Coal Service Segment Bolsters Solid Cash Flow
COAL SERVICE SEGMENT BOLSTERS SOLID CASH FLOW Cash Flow from Financing Cash Flow from Investing 4Q 2022: (193.6%) YoY 4Q 2022: (77.0%) YoY 12M 2022: (350.9%) YoY 12M 2022: (79.9%) YoY 38.69 72.27 (18.31) (7.55) (2.52) (38.64) (67.01) (38.19) (35.54) (16.17) (72.38) (112.11) (181.33) (334.21) Cash Fl
Slide 27: Consolidated Operational Performance
CONSOLIDATED OPERATIONAL PERFORMANCE (in million MT unit, except stated otherwise) 1Q INDICATOR 4Q 2021 2Q 2022 3Q 2022 4Q 2022 Chg (%) 12M 2021 12M 2022 Chg (%) 2022 COAL SALES Coal sales 0.5 0.3 0.7 0.8 0.7 25.9 1.7 2.5 45.1 COAL SERVICES Unloading train 1.5 2.4 2.7 3.2 3.3 119.0 6.0 11.7 94.8 Loa
Slide 28: Consolidated Statements of Profit (Loss)
CONSOLIDATED STATEMENTS OF PROFIT (LOSS) (currency in billion IDR, except stated otherwise) INDICATOR 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Chg (%) 12M 2021 12M 2022 Chg (%) REVENUES Coal Sales 871.50 309.85 550.5 654.7 598.1 (31.4) 1,454.2 2,113.1 45.3 Services 133.65 103.69 107.7 178.5 230.6 72.
Slide 29: Consolidated Statements of Financial Position
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (currency in billion IDR, except stated otherwise) INDICATOR 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Chg (%) ASSETS Current Assets 527.1 619.4 614.9 731.1 780.0 48.0 Non Current Assets 873.3 891.6 881.8 871.5 896.8 2.7 Total Asset 1,400.4 1,511.1 1,496.6
Slide 30: RMKE Meets the Minimum Requirements of Credit Covenant
RMKE MEETS THE MINIMUM REQUIREMENTS OF CREDIT COVENANT (currency in billion IDR, except stated otherwise) INDICATOR 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Chg (%) Long Term Debt FINANCIAL DEBT SEGMENT Short Term Debt 214.9 237.1 220.1 105.8 112.3 (47.7) 48.3% Long Term Debt 213.9 199.1 156.1 183.3
Slide 31: Consolidated Statements of Cash Flow
CONSOLIDATED STATEMENTS OF CASH FLOW (currency in billion IDR, except stated otherwise) INDICATOR 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Chg (%) 12M 2021 12M 2022 Chg (%) CASH FLOW Cash Flows From Operating 200.4 (78.4) 114.2 29.9 222.0 10.8 309.3 287.7 (7.0) Cash Flows From Investing Activities (1
Slide 32: 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