Pt Royaltama Mulia Kontraktorindo Tbk · IDX:RMKO

Pt Royaltama Mulia Kontraktorindo Tbk — FY2023 Earnings Presentation

30 slides from Pt Royaltama Mulia Kontraktorindo Tbk's earnings presentation, May 22, 2024

  1. Slide 1: Press Conference 4Q 2023 Result Announcement

    PRESS CONFERENCE 4Q 2023 RESULT ANNOUNCEMENT PT Royaltama Mulia Kontraktorindo Tbk Service Excellence for the Mining Industry 1

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation material was prepared by PT Royaltama Mulia Kontraktorindo Tbk. (“RMKO”/“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 c

  3. Slide 3: Agenda

    AGENDA 01 02 COMPANY STRATEGY PROFILE & OUTLOOK 03 04 OPERATIONAL FINANCIAL PERFORMANCE PERFORMANCE 05 APPENDIX 3

  4. Slide 4: Company Profile

    oe SS " p 4 : “; : ; =e “ apter 1 COMPANY PROFILE —

  5. Slide 5: Why Invest in RMKO (1/2)

    WHY INVEST in RMKO (1/2) Strategic Integrated Affiliated with New and Strong Assets Location Mining Service PT RMK Energy Tbk Big Fleets Revenue Growth IDR272.4Bn Increased by 47.4% YoY* * based on 12M 2023 performance 5

  6. Slide 6: Why Invest in RMKO (2/2)

    WHY INVEST in RMKO (2/2) Sustainable Profitability Solid Balance Sheet High Long Track Good Safety Standard Record Corporate Governance EBITDA DER 1.17 time* Experienced & Professional Implementing IDR76.1Bn* +64% YoY Zero fatality Management good mining practices *based on 12M 2023 performance 6

  7. Slide 7: Competitive Advantage

    COMPETITIVE ADVANTAGE Affiliated with PT RMK Energy Tbk, providing an integrated coal logistics solution 01 Partnership with PT Kereta 02 Owning 39 km of coal 03 Having Train Loading Api Indonesia (KAI) in hauling road System (TLS) South Sumatera 04 Holding mining permits 05 Competent team 06 New & b

  8. Slide 8: Our Services

    OUR SERVICES 1. Infrastructure Preparation 2. Mining 3. Hauling ● Mining infrastructure ● Survey and exploration ● Hauling road construction ● Emplacement infrastructure ● Mine modelling and design ● Coal hauling ● Overburden removal ● Coal getting 4. Emplacement Services 5. Reclamation Ex-Mining Ar

  9. Slide 9: Management Team

    MANAGEMENT TEAM TONY SAPUTRA President Commissioner ROKHMAD SUNANTO Independent Commissioner NATHANIA PRICILLA SAPUTRA Director VINCENT SAPUTRA President Director WILLIAM SAPUTRA Director 9

  10. Slide 10: Strategy & Outlook

    Chapter 2 STRATEGY & OUTLOOK 10

  11. Slide 11: Corporate Strategy

    CORPORATE STRATEGY STRATEGY 01 Optimizing the potential of coal mining services 02 The completion of dedicated coal hauling road 03 Optimizing coal loading capacity 04 Good mining practices 05 People development 11

  12. Slide 12: Performance Highlight 2023

    PERFORMANCE HIGHLIGHT 2023 Earnings were eroded in the early stages of investment, but revenues and EBITDA grow better. SUSTAINABLE SOLID STRONG PROFITABILITY BALANCE SHEET OPERATIONS Operating revenue Equity +111.3% YoY to IDR246.3 Bn OB removal 4Q 2023 +32.7% to IDR73.4 Bn 4Q 2023 -6.4% YoY to 492

  13. Slide 13: RMKO Target Achievement in 2023

    RMKO TARGET ACHIEVEMENT IN 2023 2023 2023 ACHIEVEMENT NO INDICATOR UNIT a b Target* Actual % OB Removal Mn Bcm 2.5 2.5 98.7 Coal Getting Mn MT 1.1 1.0 97.9 Mining & Rental 1 Operational Hauling Mn MT 1.1 1.0 97.9 Crushing & Loading TLS Mn MT 1.1 1.0 97.9 Construction New contract Bn IDR 100.0 100.0

  14. Slide 14: RMKO Target in 2024

    RMKO TARGET IN 2024 2023 2024 Change NO INDICATOR UNIT a b b/a ACTUAL TARGET % OB Removal Mn Bcm 2.5 3.8 52.2 Coal Getting Mn MT 1.0 1.2 11.1 Mining & Rental Services Hauling Mn MT 1.0 1.9 83.5 1 Operational Crushing & Loading TLS Mn MT 1.0 1.9 83.5 New contract Bn IDR 100.0 101.1 1.1 Construction*

  15. Slide 15: Operational Performance

    Chapter 3 OPERATIONAL PERFORMANCE 15

  16. Slide 16: 12M 2023 Operational Performance

    12M 2023 OPERATIONAL PERFORMANCE OB-Removal Coal Getting & Hauling 4 Crushing & Loading TLS Performance km Performance Performance 12M 2023 +24.2% YoY to 2.5 Mn Bcm 12M 2023 -8.0% YoY to 1.0 Mn MT 12M 2023 -5.8% YoY to 1.0 Mn MT 2,4 1.8 2.5 2.0 1.1 1.0 1.1 1.0 12M 2022 12M 2023 12M 2022 12M 2023 12M

  17. Slide 17: Operational Efficiency Indicator

    OPERATIONAL EFFICIENCY INDICATOR The Company managed to reduce the fuel Fuel ratio 12M 2022 12M 2023 Efficiency consumption ratio per MT of loaded coal (MT/liter)* with TLS from 0.99 liters/MT from last year *per MT loading TLS 0.99 0.98 (0.01) to 0.98 liters/MT this year, achieving an efficiency impr

  18. Slide 18: Financial Performance

    Chapter 4 FINANCIAL PERFORMANCE 18

  19. Slide 19: All Revenue Segments Increase Sustainably

    ALL REVENUE SEGMENTS INCREASE SUSTAINABLY Operating Revenue Mining Service Segment Rental Segment Construction Segment 12M 2023 +47.4% YoY to IDR 272.4Bn 12M 2023 +1.4% YoY to IDR 142.2Bn 12M 2023 +42.2% YoY to IDR 63.5Bn New revenue segment 12M 2023 IDR 66.7Bn 272.4 184.9 63.5 66.7 142.2 44.7 140.2

  20. Slide 20: All Segments Contribute Positively to Gross Profit

    ALL SEGMENTS CONTRIBUTE POSITIVELY TO GROSS PROFIT Gross Profit Mining Service Segment Rental Segment Construction Segment 12M 2023 -66.9% YoY to IDR 19.3Bn 12M 2023 +204.7% YoY to IDR 20.1Bn New revenue segment 12M 2023 +45.3% YoY to 56.6Bn 12M 2023 IDR 17.2Bn 41.5 25.8% 31.7 21.1% 20.8% 13.5 20.1 5

  21. Slide 21: Cost of Revenues Contribution

    COST OF REVENUES CONTRIBUTION 4.2% 3.1% 2.6% 100.0% 17.7% 23.3% 6.7 5.6 215.9 38.3 9.0 23.3% 50.0 26.0% 50.2 56.1 Fuel Salaries & Repairs & Depreciation & Contractor Others Utility Total cost of allowances maintenance amortization fee revenues in Bn IDR The cost of revenues from coal sales segment,

  22. Slide 22: Company Profitability Is Well Maintained

    COMPANY PROFITABILITY IS WELL MAINTAINED EBIT EBITDA Net Profit 12M 2023 +27.9% YoY to IDR 37.6Bn 12M 2023 +64.0% YoY to IDR76.1Bn 12M 2023 +3.6% YoY to IDR 19.8Bn 10.3% 7.3% 25.1% 27.9% 15.9% 13.8% 76.1 46.4 29.4 37.6 19.1 19.8 12M 2022 12M 2023 12M 2022 12M 2023 12M 2022 12M 2023 EBIT EBITDA Net in

  23. Slide 23: Solid Balance Sheet Meets Credit Covenants

    SOLID BALANCE SHEET MEETS CREDIT COVENANTS Asset Liability Equity 4Q 2023 +131.4% YoY to IDR 535.2Bn 4Q 2023 +151.8% YoY to IDR 288.9Bn 4Q 2023 +111.3% YoY to IDR 246.3Bn 8.3% 16.4% 1.2 3.7% 8.0% 535.2 1.0 231.3 288.9 246.3 114.7 116.5 4Q 2022 4Q 2023 4Q 2022 4Q 2023 4Q 2022 4Q 2023 Asset Liabilitie

  24. Slide 24: RMKO Is Still in the Investment Stage

    RMKO IS STILL IN THE INVESTMENT STAGE Cash from Operating Cash from Investing Cash From Financing 12M 2023: -172.7% YoY to IDR -31.0Bn 12M 2023: +8.9% YoY to IDR -123.7Bn 12M 2023: 146.6% YoY to IDR 170.4Bn 170.4 42.6 69.1 (113.6) (31.0) (123.7) 12M 2022 12M 2023 12M 2022 12M 2023 12M 2022 12M 2023

  25. Slide 25: Appendix

    Chapter 5 APPENDIX 25

  26. Slide 26: Consolidated Operational Performance

    CONSOLIDATED OPERATIONAL PERFORMANCE (in thousand metric ton, unless stated otherwise) INDICATOR 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 Chg (%) 12M 2022 12M 2023 Chg (%) COAL PRODUCTION OB removal (Bcm) 526.5 527.9 877.4 588.0 492.6 (6.4) 2,001.1 2,486.0 24.2 Coal getting 316.8 303.6 368.2 229.0 13

  27. Slide 27: Consolidated Statements of Profit (Loss)

    CONSOLIDATED STATEMENTS OF PROFIT (LOSS) (currency in Bn IDR, unless stated otherwise ) INDICATOR 4Q 2022 4Q 2023 Chg (%) 12M 2022 12M 2023 Chg (%) REVENUES Mining services 41.5 22.7 (45.2) 140.2 142.2 1.4 Rental 13.8 12.1 (12.0) 44.7 63.5 42.2 Construction services 0.0 38.5 #DIV/0! 0.0 66.7 N.A! To

  28. Slide 28: Consolidated Statements of Financial Position

    CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (currency in Bn IDR, except stated otherwise) INDICATOR 4Q 2022 3Q 2023 4Q 2023 Chg (%) ASSETS Current Assets 72.3 143.3 195.1 170.1 Non Current Assets 159.0 309.2 340.0 113.8 Total Asset 231.3 452.5 535.2 131.4 LIABILITY Current Liabilities 71.2 98.8 12

  29. Slide 29: RMKO Meets the Minimum Requirements of Credit Covenant

    RMKO MEETS THE MINIMUM REQUIREMENTS OF CREDIT COVENANT (currency in Bn IDR, unless stated otherwise) INDICATOR 4Q 2022 3Q 2023 4Q 2023 Chg (%) Short Term Debt FINANCIAL DEBT SEGMENT Short Term Debt 24.7 64.6 92.7 275.6 35.7% Long Term Debt 43.0 124.2 167.2 288.9 Total Financial Debt 67.7 188.8 259.9

  30. Slide 30: Thank You

    Wisma RMK 3rd Floor Jalan Puri Kencana Blok M4 No.1 Kembangan, Jakarta Barat, Jakarta 11610 E:rmk@ptrmk.com T:+62 21-5822-555 rmko.co.id Thank You PT Royaltama Mulia Kontraktorindo 30

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