Pt Indika Energy Tbk · IDX:INDY
Pt Indika Energy Tbk — Q1 2022 Earnings Presentation
68 slides from Pt Indika Energy Tbk's earnings presentation, May 2022
Slide 1: Indika Energy Group Company Update 3M22
INDIKA ENERGY GROUP COMPANY UPDATE 3M22 PT Indika Energy Tbk. May 2022
Slide 2: Disclaimers
Disclaimers Investors and security holders are cautioned that this communication contains forward-looking statements and that forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of PT Indika Energy Tbk
Slide 3: Indika Energy - To Energize Indonesia for a Sustainable Future
Indika Energy - To Energize Indonesia for a Sustainable Future ✓ Integrated energy value chain with portfolio spanning across Indonesia ✓ Well-placed to capture domestic economic growth and global economic recovery ✓ Provides complementary products and services to domestic and international customer
Slide 4: Indika Energy – 3M22 Revenue Contribution
Indika Energy – 3M22 Revenue Contribution Revenue 3M22 : US$830.8m Revenue 3M21 : US$525.2m Non-coal Non-coal 11.2% 11.4% 1% 1% 9% 2% 7% 2% 5% 14% 6% Kideco MUTU 5,8% Coal Trading 7% Tripatra Interport 68% Others 13,6% 78,1% 78% 7,1% Coal Coal 88.8% 88.6% *) PTRO’s figures have been excluded 4
Slide 5: Consolidated Income Statement Highlights
Indika Energy’s Consolidated Income Statement Highlights Summary P&L 1Q22 1Q21 YoY 4Q21 QoQ Revenues 830.8 525.2 58.2% 1,076.4 -22.8% COGS (570.0) (418.9) 36.1% (685.1) -16.8% Gross Profit 260.8 106.3 145.3% 391.4 -33.4% SG&A Expenses (40.1) (27.0) 48.5% (53.2) -24.7% Operating Profit 220.7 79.3 178
Slide 6: 3M22 Business Highlights – Revenue Breakdown
3M22 Business Highlights – Revenue Breakdown 3M22 3M21 YoY Subsidiaries Remarks (US$ mn) (US$ mn) Chg ASP ▲ 56.6% (+US$25.6/ton) from US$45.2/ton in 3M21 to US$70.8/ton in Kideco 36.1% 3M22 564.6 414.9 Sales Volume ▼ 13.1% (-1.2MT) from 9.2MT to 8.0MT in 3M22. MUTU's ASP ▲ 138.7% to US$183.1 per ton
Slide 7: Business Highlights – Gross Profit/Margin
FY21 Business Highlights- Gross Profit/ Margin 3M22 3M21 YoY Subsidiaries Remarks (US$ mn) (US$ mn) Change Gross Profit 260.8 106.3 145.3% Gross Margin (%) 31.4% 20.2% • ASP ▲ 56.6% (+US$25.6/ton) from US$45.2/ton in 3M21 to US$70.8/ton in 3M22 • Sales Volume ▼ 13.1% (-1.2MT) from 9.2MT to 8.0MT in
Slide 8: Operational Highlights Vs Corporate Guidance
Operational Highlights Vs Corporate Guidance 2022 2022 Budget 3M22 Operational Data Guidance 3M22 3M21 % CAPEX % Budget (US$M) (US$M) KIDECO Kideco 17.0 1.1 6.5% Production (MT) 34.0 7.7 9.1 -15.4% Indika Reources 14.0 0.3 2.1% Strip Ratio (x) 5.5 5.5 5.2 5.8% Indika Hold Co 1.0 0.4 40.0% Newcastle
Slide 9: Cash and Debt Position
Cash and Debt Position Cash and Debt Breakdown as of 31 Mar 2022 US$m 1,469 Petrosea’s Cash & Debt 22 In US$m 197 As of 31 Mar 2022 1) 1,125 Cash 102.0 107 Other Financial Assets 0.4 Total Cash & Other Fin Assets 102.4 Bank Loan 90.8 1,250 Lease 29.6 1,018 Total Debt 120.5 Cash Debt Cash Other Finan
Slide 10: Indika Energy – Sound Balance Sheet
Indika Energy – Sound Balance Sheet Cash Breakdown by Subsidiaries LTM Free Cash Flow US$ million US$ million HoldCo & Others Kideco Petrosea Tripatra MBSS 800 695.3 39.2 700 102.4 596.8 62.9 600 113.7 500 40 35.2 42.7 633.9 400 133.6 40.3 134.4 450.2 323.0 81.3 154.3 300 84.7 187.5 198.4 171.3 176.
Slide 11: Highlights of Recent Key Events
Highlights of Recent Key Events New Fiscal Tariff • On 11 April 2022, the Government of Indonesia has issued a new regulation Peraturan Pemerintah No 15/2022 about taxation on coal miners, including new royalty tariff for CCOW Gen I holders. • With the new royalty tariff (from current 45%), IUPK hol
Slide 12: Thermal Coal Price
Thermal Coal Price USD/ton 350 326 300 264 250 200 184 168 150 109 96 86 93 92 100 81 70 73 82 66 69 57 66 46 47 44 43 43 53 45 54 36 36 35 85 50 38 41 65 71 35 27 31 52 33 34 34 24 0 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 YTD NEWC ICI-4 ASP Apr 22 Supply Demand • Geopoliti
Slide 13: Our Diversified Business Portfolio
Our Diversified Business Portfolio
Slide 14: Net-Zero
Indika Energy has set out bold aspirations as part 50% non-coal revenue by 2025 of its ESG commitment Net-Zero emissions by 2050 2
Slide 15: Transforming into a diversified business portfolio
Transforming into a diversified business portfolio Current: Coal as core business Future: Diversified Business Portfolio Business that ✓ Diversified Business relies on coal, from Portfolio resources, ✓ Significant growth services and ✓ Less volatility infrastructure ✓ ESG investment Funding - Key Co
Slide 16: Indika Energy People Know Today / The Future
Indika Energy People Know Today The Future of Indika Energy Strong capabilities across the entire coal value chain Unlocking sustainable development in Indonesia Logistic assets, EPC Field exploration of coal Energy Logistics & services, infrastructure, resources, production and trading GAPURA TERMI
Slide 17: Diversification Investments – Minerals
Diversification Investments – Minerals Developing Gold Asset Project through Nusantara Resources A Strategic investment in Nusantara Resources Limited (ASX: NUS). Nusantara owned 100% PT Masmindo Dwi Area which has sole rights to exploit in Awak Mas Gold Project Location : South Sulawesi, 370 km fro
Slide 18: Further Acquisition to Accelerate Awakmas Gold Project
Diversification Investments – Minerals Completed Further Acquisition to Accelerate Development of Awakmas Gold Project Ownership in Gold Project Indika energy has direct and indirect 100% ownership in Investment in Gold Project Awakmas project Amount Period Investment (US$ M) Indika Energy Dec-18 In
Slide 19: Kariangau Fuel Tank Storage Is Up and Running
Diversification Investments – Logistics & Infrastructure Kariangau Fuel Tank Storage Is Up and Running Build and operate fuel storages exclusively for ExxonMobil Phase 1 Location : Balikpapan, Kariangau, East Kalimantan Project Company : PT Karingau Gapura Terminal Energy Total Project Cost : US$115
Slide 20: Patimban Port
Diversification Investments – Logistics & Infrastructure Patimban Port ▪ A strategic infrastructure project development; as the first integrated supply chain port in Indonesia ▪ On 30 Dec 20, Ministry of Transport has appointed a consortium, as operator of Patimban Port for Phase 1 ▪ Indika joined t
Slide 21: Solar Power – EMITS
Diversification Investments – Green Businesses Solar Power – EMITS • Formed a JV to develop solar power business with Fourth Partner Energy Limited (4PEL), India’s leading solar developer, called Empat Mitra Indika Tenaga Surya (EMITS), with 51% stakes. • EMITS will provide a one-stop-shop, renewabl
Slide 22: EMITS Has 40MWp Projects in the Pipeline
Diversification Investments – Green Businesses Solar Power – EMITS has Total of 40MWp Projects in the Pipeline • Have installed almost 1MWp in Kideco’s site and INDY’s office building in Bintaro area • Appr. 10MWp to be developed for INDY’s consumption • Projects come from various sectors, located a
Slide 23: Huge Untapped Solar PV Potential in Indonesia
Diversification Investments – Green Businesses Solar Power – Huge Untapped Solar PV Potential in Indonesia 500 GWp Solar PV Potential EMITS corporate structure Indika Tenaga Baru & Green Energy, Accelerated. 51% 49% JV Co Established in March 2021 Focused Area on C&I Market 23
Slide 24: Indonesia to Rely More on New and Renewable Energy
Diversification Investments – Green Businesses Solar Power – Indonesia is to Rely More on New and Renewable Energy (NRE) National Primary Energy Mix (MTOE) 2014 2025 NRE, 4.2 2050 Gas, NRE, 23 18.6 NRE, 31 Gas, 22 Gas, 24 Fuel, 43.0 Coal, Coal, Fuel, Coal, 25 34.2 30 25 Fuel, 20 ~400 MTOE 197 MTOE ~
Slide 25: Govt Boosts the Use of Solar PV
Diversification Investments – Green Businesses Solar Power - Govt Boosts the Use of Solar PV Policy To increase Solar Power capacity Utilisation of rooftop for solar panel RUEN • Target to develop solar power capacity by 2025 6.5GW 30% Requirement to utilize minimum of 30% rooftop area on government
Slide 26: Industrial Forestry – Indika Multi Properti
Diversification Investments – Green Businesses Industrial Forestry – Indika Multi Properti Through Indika Multi Properti, we are developing more than 170,000 ha industrial forest area, located in East and Central Kalimantan • Wood pellets for biomass (for co-firing) with effective area for plantatio
Slide 27: Large Size Forestry Concession Area
Diversification Investments – Green Businesses Industrial Forestry – Large Size Forestry Concession Area >170,000 Ha in East & Central Kalimantan DPP 99% 75% 96% 80% PT Jaya Bumi PT Diva Perdana PT Telaga Mas PT Trisetia Cita Paser Persona Kalimantan Graha (JBP) (DPP) (TMK) (TCG) TCG TMK JBP Annual
Slide 28: Electric 2W – Established EMI
Diversification Investments – Green Businesses Electric 2W – Established EMI to Develop EV Business in Indonesia • Indika Energy established 100% owned subsidiary PT Electra Mobilitas Indonesia (EMI), in March 2021 to develop 2W electric vehicle business as mobility solution in Indonesia ✓ Ecosystem
Slide 29: EMI's Vision to be Leading E-Mobility Brand
Diversification Investments – Green Businesses Electric 2W – EMI’s Vision to be the Leading E-Mobility Brand In Indonesia 29
Slide 30: EV Sector - MOU to Develop EV Ecosystem
EV Sector - MOU to Develop EV Ecosystem in Indonesia IBC MOU Electric Battery Industry Electric Vehicle Industry Supporting Industries Value Cell, ESS, Precursor, R&D Chain module exchange cathode, 2-wheel EV 4-wheel EV E-Bus of Battery & & battery stations anode pack EV & recycling INDY signed MOU
Slide 31: Government Sets Up Favourable Policy in EV Sector
EV Sector – Government Sets Up Favourable Policy in EV Sector • Indonesia has aligned with global efforts to adopt EVs as a mean to tackle GHG emissions. The government plans to introduce EVs to the public under the Low Carbon Fiscal Incentives Non-Fiscal Incentives Emission Vehicles(LCEV) scheme. •
Slide 32: Divestment - Reducing Exposure in Coal Related Business
Divestment - Reducing Exposure in Coal Related Business Completed In Process PT Mitrabahtera Segara Sejati Tbk PT Petrosea Tbk ✓ One of strategic directions to diversify away from coal ✓ Signed CSPA to divest 69.8% stake in PTRO on 18 Feb ✓ Signed CSPA to divest 51.0% stake in MBSS on 6 Aug 22 to PT
Slide 33: Net-Zero
Indika Energy has set out bold aspirations as part 50% non-coal revenue by 2025 of its ESG commitment Net-Zero emissions by 2050 2
Slide 34: Setting 2025 Target Across Key ESG Metrics
ESG: Setting 2025 Target Across Key ESG Metrics for Indika Energy 34
Slide 35: Key Initiatives Across Subsidiaries to Drive ESG Impact
ESG: We Also Identified Key Initiatives Across Subsidiaries to Drive ESG Impact Environmental Social Governance • Install solar cells with • Develop settling pond • Develop flagship • Establish (409 kWp and 11 MWp mud removal with community Sustainability planned capacity at slurry pump development
Slide 36: Environmental - Implementing Digital Technology in Mining
ESG: Environmental - Implementing Digital Technology in Mining Operations Target Reduce GHG emissions intensity by 10% by 2025 Fuel consumption Provide real-time monitoring of fuel performance with capturing Our key actions Man, machine and environment parameters. Then integrate with operator indivi
Slide 37: Environmental - Installing Solar PV at Operational Area
ESG: Environmental - Installing Solar PV at our Operational Area Target Reduce GHG emissions intensity by 10% by 2025 Our key actions Solar PV at Kideco, East Kalimantan ▪ To replace the electrical power currently supplied by diesel generators with solar PV. The system implemented and started to ope
Slide 38: Environmental - Adopting the Use of B30 Biodiesel
ESG: Environmental - Adopting the Use of B30 Biodiesel Target B30 out of Total Fuel Usage Reduce GHG emissions intensity by 10% by 2025 MUTU Kideco Our key actions Complying with regulations In 2020, the Indonesian government set out a regulation about the mandatory use of B30 diesel, a blend that u
Slide 39: Land Reclamation and Reforestation Program
ESG: Environmental - Increase Land Reclamation and Reforestation Program Target Increase land reclamation by 20% by 2025 Our key actions Reclamation and reforestation programs In 2020, our total reclamation area reached 5,101 Ha. In addition to that, we offset our emissions by investing in reforesta
Slide 40: Social - Prioritizing Employee's Health and Safety
ESG: Social - Prioritizing Employee’s Health and Safety Target Maintain zero fatalities in all of our operations Our key actions Digitalization of health and safety reporting In 2020, Petrosea leveraged digital apps to improve health and safety reporting. Petrosea designed two mobile apps, called SH
Slide 41: Social - Enhancing Community Development
ESG: Social - Enhancing Community Development Target Highlights initiatives Spend 1% of EBIT annually for community development by 2025 In 2021 Indika Energy Group disbursed IDR 137 billion for a total of 70 community development initiatives in its operational areas, including COVID 19 relief activi
Slide 42: Social - Enhancing Community Development
ESG: Social - Enhancing Community Development Our key actions As a part of our health pillar, we carried out a number of COVID-19 relief initiatives Rice package donation #SwabAndSaveIndonesia Rumah Oksigen Gotong-Royong Oxygen cylinders and ISO tank Indika Energy Group Indika Energy Group donated R
Slide 43: Governance - Initiatives at the Holding Level
ESG: Governance - Implementing Various Initiatives at the Holding Level Initiatives Status 1 Obtain Anti-Bribery Management System 37001 Done Strengthen risk management through the Audit, Risk, and Compliance Committee and an in-house Done 2 web-based management system (PRISMA) 3 Strengthen manageme
Slide 44: Upgrades of ESG Scores by Two Global Providers
ESG: Upgrades of ESG Scores by Two Independent Global Providers from ‘BB’ to ‘BBB’ from 44.2 (Severe Risk) to 38.1 (High Risk) Last update: 22 December 2020 Last update: 24 June 2021 Score: BBB Score: 38.1 (High Risk) • The company falls into the • Exposure: Overall exposure is average scoring range
Slide 45: Appendix
INDIKA ENE 45
Slide 46: Kideco's cash cost ex-royalty has been manageable
Kideco’s cash cost ex-royalty has always been manageable despite fluctuation of oil price. US$/liter US$/bbl US$ per ton SR (X) 2.00 120.0 80.0 8.0 100.9 70.0 7.0 100.0 6.7 6.3 6.3 6.3 1.50 60.0 6.0 6.0 5.7 5.0 5.5 80.0 68.0 50.0 5.0 71.7 64.2 1.00 60.0 40.0 4.0 53.6 54.7 31.2 32.8 29.6 30.9 29.2 45
Slide 47: Indika Energy, Indonesia's leading fully integrated energy company
Indika Energy, Indonesia’s leading fully integrated energy company PT Indika Energy Tbk. 1 ▪ Energy Resources 2 ▪ Energy Services 3 Energy Infrastructure 4 ▪ Other Portfolios - Established since 2007 - Established since 2011 - Established since 1991 - 20.0% owned 660MW, enviro- - Investment company
Slide 48: Synergy across the Group
As a Group, Indika Energy creates synergy and offers comprehensive set of multi-sector expertise and competencies Synergy across the Group Example: IEG end-to-end competencies in coal value chain Identification / • Operational synergy from intra-Group cross-selling acquisition of assets resources op
Slide 49: Indika Energy Subsidiary Results
Indika Energy Subsidiary Results Petrosea Tripatra Cirebon Electric Power Interport Total Backlog Total Backlog 660MW Power Plant Logistic – Infrastructures & Services $1,155.8M $207.6M 1Q22 Net Income 1Q22 Net Income 1Q22 Net Income 1Q22 Net Income $2.2M -$1.4M $0.8M (20% Indika) $2.3M 1Q22 EBITDA
Slide 50: Subsidiaries Backlog
Indika Energy’s Subsidiaries Backlog New Contract/ Remaining Contract Adjustment Value Revenue Recognition Remaining Contract Descriptions Value Value in 2020 Per 31 Dec 20201 Per 31 Mar 2022 Per 31 Mar 2022 Petrosea Contract mining 1129.8 5.0 60.2 1,074.6 E&C 62.2 10.0 20.8 51.4 POSB 27.1 17.5 14.8
Slide 51: Indika Energy's Financial Highlights
Indika Energy’s Financial Highlights Revenues (USD mn) Gross Profit (USD mn) Operating Profit (USD mn) 3,200.0 2,962.9 3,069.2 918.1 900 900 772.7 750 720 2,400.0 641.2 2,783 1,813.8 600 540 508.1 1,600.0 426.7 450 360 289.5 830.8 300 260.8 220.7 800.0 173.3 180 150 71.9 - 0 0 2018 2019 2020 2021 1Q
Slide 52: Key Business and Credit Ratios
Indika Energy’s Key Business and Credit Ratios LTM Adj EBITDA* (USD mn) & LTM Adj EBITDA Margin (%) Gross Debt & Net Debt / Adj. EBITDA (x) Debt / Capital (%) 7.0 68.0% 1,400.0 31.8% 31.7% 35.0% 6.2 66.1% 6.0 66.0% 1,200.0 1,069.4 30.0% 63.7% 977.5 64.0% 1,000.0 25.0% 5.0 62.0% 800.0 652.5 20.0% 59.
Slide 53: Kideco – Leading Coal Producer in Indonesia
Kideco – Leading Coal Producer in Indonesia • Third largest coal producer in Indonesia • Environmental friendly thermal coal with ultra-low sulphur of 0.1% and low ash of (2.1% to 4.9%) • Attractive location with well-built infrastructure, and integrated value chain within the group, allowing for st
Slide 54: Kideco's Financial Highlights
Kideco’s Financial Highlights Revenues (USD mn) Gross Profit (USD mn) Operating Profit (USD mn) 2,400 900.0 835.4 800.0 773.7 2,196.9 1,802.2 1,800 600.0 1,574.2 600.0 1,249.5 492.1 450.3 1,200 400.0 564.6 300.0 248.5 208.2 212.1 191.2 600 177.1 200.0 138.3 0 0.0 0.0 2018 2019 2020 2021 1Q22 2018 20
Slide 55: Kideco's Operational Highlights
Kideco’s Operational Highlights Cash Cost Breakdown Coal Production (mn ton) Coal Sales (mn ton) O/H, Labor & 45.0 45.0 10.8% Other, 2.2% Freight, 35.8 34.9 35.8 34.0 34.3 33.0 34.1 33.0 6.7% 30.0 30.0 Material, 8.6% CM & Rental, 15.0 15.0 Gov. 54.5% 8.0 Royalty, 7.7 17.2% 0.0 0.0 2018 2019 2020 202
Slide 56: Kideco's Operational Highlights – Quarter Data
Kideco’s Operational Highlights Quarter Data Summary P&L (US$mn) 1Q22 1Q21 YoY 4Q21 QoQ Sales 564.6 414.9 36.1% 710.8 -20.6% Gross profit 212.1 103.7 104.5% 355.9 -40.4% Operating profit 191.2 91.7 108.6% 333.7 -42.7% Net income 102.9 51.1 101.2% 182.6 -43.6% EBITDA 201.4 97.2 107.1% 339.3 -40.6% Gr
Slide 57: Peer Comparison (FY21 Data)
Peer Comparison (FY21 Data) PRODUCTION ANNUAL (MT) STRIP RATIO (x) CASH COSTS ex Royalty (US$/t) 60 12 70 53 10.5 60 50 60 10 50 40 36 8 39 30 40 36 30 6 5.0 29 4.7 30 4.0 20 18 4 20 10 2 10 0 0 - ADRO INDY * PTBA ITMG PTBA ADRO INDY * ITMG ADRO PTBA INDY * ITMG EBITDA MARGIN Domestic Sales/ Total (
Slide 58: Petrosea's Financial Highlights (1)
Petrosea’s Financial Highlights (1) * Revenues (USD mn) Gross Profit (USD mn) Overburden Removal (mbcm) 600 100.0 140 81.1 121.1 123.5 500 465.7 476.4 80.0 73.1 74.9 74.9 415.7 105 400 340.7 60.0 74.9 74.6 300 70 40.0 200 95.8 35 24.7 100 20.0 12.0 0 - 0 2018 2019 2020 2021 1Q22 2018 2019 2020 2021
Slide 59: Petrosea's Financial Highlights (2)
Petrosea’s Financial Highlights (2) * Revenues Breakdown by Value 1Q22: US$95.8 mn 1Q21: US$91.1 mn PLSS Others PLSS 4.3% 1.4% 3.4% Others 12.0% E&C 15.7% E&C 21.7% Contrac Contract t Mining Mining 62.8% 78.6% * Cost Structure 1Q22: 83.8 mn 1Q21: US$77.7 mn Rental Others Rental Others 2.3% 1.5% Mate
Slide 60: Tripatra's Financial Highlights (1)
Tripatra’s Financial Highlights (1) Revenue (USD mn) Gross Profit (USD mn) Net Profit* (USD mn) 500 462.3 35 28.4 50 41.7 28 37.5 21 16.9 375 35 14 301.0 7 278.3 0 20 250 233.3 -7 2018 2019 2020 2021 1Q22 4.9 5 -14 -1.4 -21 125 -10 2018 2019 2020 2021 1Q22 -28 -21.6 74.2 -35 -6.0 -42 -25 -49 -43.5 0
Slide 61: Tripatra's Financial Highlights (2)
Tripatra’s Financial Highlights (2) * Revenues Breakdown by Value 1Q22: US$74.2 mn 1Q21 : US$39.2 mn TPE TPE 9.4% 12.0% TPEC TPEC 90.6% 88.0% Cost Structure 1Q22: US$74.2 mn 1Q21: US$39.2 mn Others 11.9% Rental 8.1% Rental Others 5.2% 16.0% Constructions Constructions 41.8% Travel Travel 43.3% 13.5%
Slide 62: Indika Resources' Financial Highlights
Indika Resources’ Financial Highlights Revenues (USD mn) Cost of Good Sold (USD mn) Gross Profit (USD mn) 600.0 500.0 100.0 491.4 417.4 500.0 400.0 80.0 74.0 359.4 398.8 400.0 300.8 325.9 300.0 60.0 300.0 200.0 167.9 40.0 36.2 190.5 172.7 200.0 133.8 21.3 22.6 100.0 20.0 100.0 7.9 - - - 2018 2019 20
Slide 63: Indika Resources' Financial Highlights (2)
Indika Resources’ Financial Highlights (2) * Revenues Breakdown 1Q22: US$172.7 mn 1Q21: US$57.1 mn MUTU Coal 34.0% Trading Coal MUTU 45.9% Trading 54.1% 66.0% MUTU ASP (USD/ton) * MUTU Cash Cost ex Royalty (USD/ton) 200 183.1 120 102.2 100 150 80 61.3 60.3 100 87.6 93.0 60 53.2 76.3 46.6 60.1 40 50
Slide 64: Interport's Financial Highlights
Interport’s Financial Highlights Revenues (USD mn) Revenue Breakdown 1Q22 Gross Profit (USD mn) 35.0 20.0 28.7 29.0 18.0 30.0 Others 16.0 25.0 19.0% 14.0 20.0 12.0 15.2 IBP 8.3% 10.0 8.7 15.0 8.0 7.2 10.0 8.4 KGTE 6.0 5.7 72.6% 4.0 3.2 3.1 5.0 2.0 2.0 - - 2018 2019 2020 2021 1Q22 2018 2019 2020 2021
Slide 65: Notes Outstanding
Notes Outstanding Ba 3 Stable Outlook (as of Oct. 2021) The Senior BB - / Negative Outlook Notes are rated: International Ratings (as of Aug 2021) A + / Negative Outlook National Ratings (as of Aug 2021) Indo Energy Capital III Pte. Ltd. Indo Energy Capital IV Pte. Ltd. USD575.0 mn USD675.0 mn 5.875
Slide 66: Strong Focus on and Commitment to ESG Initiatives
Strong Focus on and Commitment to ESG Initiatives Environmental Social Responsibility Governance ✓ Comply with all Indonesian environmental laws, ✓ Focus on supporting long-term economic growth and improving the quality of life in regions of operation ✓ Continuously implementing and improving good r
Slide 67: Our Commitment to Good Governance
Our Commitment to Good Governance Strong Business Ethics Board Diversity Share Buyback Obtained Board of Directors is The Company bought back 7.5 million shares with ISO37001:2016 for Anti- Bribery Management 20% Female average price of Rp 692.99 per share. System from British Standard Institute New
Slide 68: Thank You
INDIKA ENERGY THANK YOU 68