Pt Indo Tambangraya Megah Tbk · IDX:ITMG

Pt Indo Tambangraya Megah Tbk — Q2 2022 Earnings Presentation

28 slides from Pt Indo Tambangraya Megah Tbk's earnings presentation, Aug 18, 2022

  1. Slide 1: 2Q22 Performance Result

    2Q22 18 May 2022 PERFORMANCE RESULT 18 August 2022

  2. Slide 2: Disclaimer

    DISCLAIMER The information contained in this presentation is intended solely for your reference. This presentation contains “forward-looking” statements that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements, other than statements of

  3. Slide 3: 2Q22 Highlights

    Transporting coal through hauling road 01 2Q22 Highlights

  4. Slide 4: 2Q22 highlights – Good and responsible miner towards greener, smarter transformation

    2Q22 highlights – Good and responsible miner towards greener, smarter transformation Upbeat Bottom Line Moving towards greener, smarter transformation Committed as a good and responsible miner Strong coal price has brought a solid positive impacts to ITM financial performance. 2Q22 net profit record

  5. Slide 5: Our solar renewable venture: greener, smarter energy provider

    Our solar renewable venture: greener, smarter energy provider Bunyut Solar PV power plant Bunyut Solar PV power plant pictures ▪ The project consists of 2MW Solar PV plant with 1MWh Battery Topography survey Material unloading Energy Storage System (BESS) with estimated CAPEX of $3.4 million. ▪ The

  6. Slide 6: Corporate responsibility and the development of capital city Nusantara

    Our strong corporate responsibility allow us to take part in the development of capital city “Nusantara” Background About Mentawir Nursery ▪ The Government plan to build 30 seed nursery center by 2024 to support Nusantara. ▪ Located 30 km from the ▪ ITM is offered to build the Mentawir nursery as it

  7. Slide 7: Real actions to ascertain our intention to be a responsible miner

    Real actions to ascertain our intention to be a responsible miner Awards in 2Q22 ITM persists in its ITM improves its commitment to contribution to complying with conserve and regulations, norms, enhance the state and customs. of the environment. Leading initiatives include watershed ITM for Leading

  8. Slide 8: ITM way forward plan

    ITM way forward plan MINING ENERGY SERVICES Organic coal reserve Greenfield coal mines Third-party coal sourcing In-house mining contractor growth to maximize development in three new to diversify the revenue to expand its capacity and its existing coal assets mines (GPK, NPR and TIS) source through

  9. Slide 9: Coal Market Trends

    Coal inventory at the Port Stockyard area in Bunyut Port 02 Coal Market Trends

  10. Slide 10: Global thermal coal market

    Global thermal coal market COAL DEMAND AND SUPPLY CHANGE – 2022E VS 2021 TRENDS DEMAND Unit: Mt SUPPLY DEMAND Strong European demand and high gas prices keep Newcastle benchmark coal price at high level. Several Asian buyers could not afford at that price level, leading to some try to seek for lower

  11. Slide 11: ITM ASPs vs thermal coal benchmark prices

    ITM ASPs vs thermal coal benchmark prices ITM ASP VS BENCHMARK PRICES COMMENTS ▪ Seaborne premium thermal coal market remained strong throughout 2Q22 due to Unit: US$/t Monthly NEX upward movement of gas prices as a result of the prolonged Ukraine crisis, the 450 400 unexpected halving of Russian pi

  12. Slide 12: ITM coal sales

    ITM coal sales 6M22 COAL SALES BREAKDOWN BY DESTINATION COAL SALES 6M22 Others Taiwan 2% 7% Thailand 5% China India 6% 28% 6M22 Bangladesh 6% Sales 2.3 Mt 8.1 Mt 1.3 Mt Philippines 8% Indonesia Japan JAPAN 22% CHINA 16% 0.5 Mt BANGLADESH 0.2 Mt 0.5 Mt 0.4 Mt TAIWAN 0.6 Mt INDICATIVE COAL SALES FY22

  13. Slide 13: Operations Update

    Coal mining activities in Trubaindo mine 03 Operations Update

  14. Slide 14: Operational summary 2Q22

    Operational summary 2Q22 SCHEMATIC OUTPUT TREND Unit: Mt 2022 Target: East Kalimantan 17.5-18.8Mt IMM 4.7 4.6 6.7-6.8 Mt 3.8 3.9 GPK 0.2-1.0 Mt Bontang Coal Terminal Bunyut KTD EMB TCM Port 0.2 Mt 3.0 Mt Samarinda BEK 6.5-6.6 Mt Balikpapan 2Q21 1Q22 2Q22 3Q22e Central Kalimantan SR (bcm/t) 10.5x 11.

  15. Slide 15: Coal operations: Indominco Mandiri

    Coal operations: Indominco Mandiri SCHEMATIC OUTPUT TREND Unit: Mt 2022 TARGET: 6.7-6.8 Mt Operations Barge Ports Hauling Stockpile West Block Crusher ROM 1.9 2.0 Mine 1.7 stockpile stockyard 1.5 East Block Bontang City 35km 2Q21 1Q22 2Q22 3Q22e Sea conveyor 2.5km SR (bcm/t) 11.0x 9.8x 10.3x 10.8x A

  16. Slide 16: Coal operations: Trubaindo Coal Mining

    Coal operations: Trubaindo Coal Mining SCHEMATIC OUTPUT TREND 2022 TARGET: 3.0 Mt Unit: Mt Mahakam River Bunyut Port East Kalimantan Product coal conveyor, stacking, stockpile 0.9 0.8 Operations 0.7 0.7 40km Barge Ports Mine to port Hauling Kedangpahu Stockpile River 2Q21 1Q22 2Q22 3Q22e Crusher SR

  17. Slide 17: Coal operations: Bharinto Ekatama

    Coal operations: Bharinto Ekatama SCHEMATIC OUTPUT TREND 2022 TARGET: 6.5-6.6 Mt Unit: Mt Mahakam River Bunyut Port East Kalimantan Product coal conveyor, stacking, 1.5 stockpile 1.3 1.2 1.1 Operations Barge Ports Hauling Kedangpahu Stockpile River 2Q21 1Q22 2Q22 3Q22e Crusher 7.8x SR (bcm/t) 6.6x 8

  18. Slide 18: Coal operations: Jorong

    Coal operations: Jorong SCHEMATIC OUTPUT TREND 2022 TARGET: 1.0-1.2 Mt Unit: Mt Pelaihari 0.3 0.3 0.2 0.2 Haul road 20km 2Q21 1Q22 2Q22 3Q22e SR (bcm/t) 13.4x 11.5x 16.2x 10.6x COMMENTS Jorong ▪ 2Q22 production achieved at 0.2Mt with higher strip ratio at 16.2x Coal terminal due to entering new work

  19. Slide 19: Financial Summary

    Command center of Bontang port 04 Financial Summary

  20. Slide 20: Highlights of 2Q22 results

    Highlights of 2Q22 results Key Figures Key Takeaways 2Q22 1 Upbeat financial performance ASP rose from $150/t in 1Q22 to $202/t in 2Q22, NPAT $247 M continuing the increasing ASP trend since 2Q21, Continue to record strong NPAT as we continue to utilize the high coal price by capturing the momentum

  21. Slide 21: Profitability – Income statement

    Profitability – Income statement SALES VOLUME AVERAGE SELLING PRICE REVENUE Unit: Mt Unit: US$/t Unit: US$ million 1,422 9.0 8.1 202.4 175.1 782 4.9 150.4 4.3 640 676 3.9 80.3 74.7 392 2Q21 1Q22 2Q22 6M21 6M22 2Q21 1Q22 2Q22 6M21 6M22 2Q21 1Q22 2Q22 6M21 6M22 GROSS PROFIT AND GPM EBITDA NET PROFIT U

  22. Slide 22: Cost analysis

    Cost analysis WEIGHTED AVERAGE STRIP RATIO PRODUCTION COST Unit: Bcm/t Unit: US$/t 41.4 11.1 11.0 10.8 10.5 10.6 49.3 51.3 50.3 40.0 41.0 2Q21 1Q22 2Q22 6M21 6M22 2Q21 1Q22 2Q22 6M21 6M22 FUEL PRICE TOTAL COST* Unit: US$/Ltr Unit: US$/t 0.99 0.86 0.73 52.9 0.51 0.48 89.4 74.5 81.6 53.8 52.6 2Q21 1Q2

  23. Slide 23: Balance sheet

    Balance sheet 2Q22 BALANCE SHEET BANK LOAN DETAILS KEY RATIOS Unit: US$ million Unit: US$ million Debt to Equity (x) Borrowing 31 0.05 Other Liabilities Current maturities of 0.03 461 Long-term bank loan Cash 0.02 808 12 FY20 FY21 6M22 19 Net Gearing (%) Equity FY20 FY21 6M22 Other 1,482 Assets 1,16

  24. Slide 24: 6M22 capital expenditure

    6M22 capital expenditure 6M22 CAPEX total: $14.9 mn FY22 CAPEX budget: $68.8 mn 19.5 18.6 8.0 8.1 6.8 7.0 4.8 3.2 2.7 1.7 0.8 0.5 0.9 0.7 0.2 0.1 Indominco Trubaindo Bharinto Jorong TRUST GPK,NPR,TIS Renewable Others FY22 Budget 6M22 Note: Total capex plan including Jakarta office after elimination.

  25. Slide 25: Q&A Session

    Biodiversity conservation nearby mining area 05 Q&A Session

  26. Slide 26: Income statement – 6M22 vs 6M21

    Income statement – 6M22 vs 6M21 Unit: US$ thousand 6M22 6M21 YoY% Net Sales 1,421,541 676,303 110% Gross Profit 749,160 227,344 230% GPM 53% 34% SG&A (79,796) (46,850) EBIT 669,364 180,494 271% EBIT Margin 47% 27% EBITDA 712,032 223,762 218% EBITDA Margin 50% 33% Net Interest Income / (Expenses) 193

  27. Slide 27: Income statement – 2Q22 vs 1Q22

    Income statement – 2Q22 vs 1Q22 Unit: US$ thousand 2Q22 1Q22 QoQ% Net Sales 781,608 639,933 22% Gross Profit 412,829 336,331 23% GPM 53% 53% SG&A (43,464) (36,332) EBIT 369,365 299,999 23% EBIT Margin 47% 47% EBITDA 388,912 323,120 20% EBITDA Margin 50% 50% Net Interest Income / (Expenses) 250 (57)

  28. Slide 28: ITM structure

    ITM structure Banpu 65% INDONESIAN STOCK 35%* EXCHANGE Public ITMG PT Indo Tambangraya Megah Tbk. IPO 18th Dec 2007 95.07% SME 99.99% 99.99% 99.00% 99.99% 99.99% 99.99% 70.00% 99.90% 99.99% 70.00% Indominco Trubaindo Bharinto Jorong Kitadin NPR GPK TIS TRUST IBP PT Tambang Raya Usaha Tama PT ITM Bhi

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