Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — Q1 2026 Earnings Presentation
23 slides from Pt Medco Energi Internasional Tbk's earnings presentation, May 1, 2026
Slide 1: MedcoEnergi Q1 2026 Results
Value. Focus. Growth. MEDCOENERGI Q1 2026 RESULTS Medco Energi Internasional Tbk (IDX: MEDC, OTCQX: MDCOY) 1 May 2026
Slide 2: Q1 2026 Results
Q1 2026 Results Highlights 3 Financial Performance 7 Operational Performance 10 Power & Sustainability 12 Portfolio Growth 15 Appendix 19 East Bali PV The following presentation has been prepared by PT Medco Energi Internasional Tbk (the “Company”) and contains certain projections, plans, business s
Slide 3: Highlights
Highlights 3 Sarulla Geothermal Power Facilities, North Sumatra Value. Focus. Growth.
Slide 4: Q1 2026 Operating & Financial Highlights
Q1 2026 Operating & Financial Highlights Production Capex Net Income Consol. Debt EBITDA Credit Ratings 169 90 67 3.5 351 Fitch S&P : BB- : BB- O&G: 88 Power: 2 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 1.7x 1,053 9.0 7 2.8 U
Slide 5: Our Business Strategy is Delivering Long-Term Value
Our Business Strategy is Delivering Long-Term Value Q1 2026 Production on Track with 2026 Guidance Oil & Gas Clean Power Copper & Gold Mining Production 165-170 Sales 4,550 Production 485 579 Guidance mboepd Guidance GWh IPP Power Sold Guidance Mlbs Copper Koz Gold 72/28 46/54 35 MW 25 MWp 27,670 66
Slide 6: Current Events
Current Events Oman operations unaffected; TGI pipeline repairs completed; Re-entry to Malaysia Medco in the Middle East TGI Pipeline Ruptured in Jan 2026 Expanding Regional Footprint: Malaysia • To date no disruption to MedcoEnergi • Major pipeline repairs have been • Similar geology and technical
Slide 7: Financial Performance
Financial Performance 7 Value. Focus. Growth.
Slide 8: Financial Results
Financial Results EBITDA USD 351 mn on 19.2% growth in revenue Metric Q1-26 Q4-25 QoQ % Q1-26 Q1-25 YoY % • Q1 oil realized price averaged USD 75.1/bbl, reflecting softer Revenue (USD mn) 668.3 638.0 4.7 668.3 560.5 19.2 - Oil and Gas (USD mn) 616.5 591.1 4.3 616.5 509.7 21.0 prices in Jan-Feb befor
Slide 9: Financial Results
Financial Results Stronger cash generation cut Gross Debt by USD 126 mn; leverage down to 1.7x • Operating Cash Flow up 29.7% YoY, lifted by higher oil price and sales volume from the additional 24% working interest in Corridor and new production from Forel and Terubuk • Consolidated Gross Debt down
Slide 10: Operational Performance
Operational Performance 10 Belida Platform, Block B, Riau Islands Value. Focus. Growth.
Slide 11: Oil & Gas Operational Results
Oil & Gas Operational Results Q1 Production within guidance despite temporary TGI disruptions Metric ` Q 1- 2 6 Q4-25 Qo Q % Q 1- 2 6 Q 1- 2 5 Yo Y % Oil & Gas Production (mboepd) Oil & Gas Cash Cost1 (USD/boe) Daily Production Total (mboepd) 169 176 (3.8) 169 143 18.1 96 - Oil (mbopd) 47 47 (0.1) 4
Slide 12: Power & Sustainability
Power & Sustainability 12 East Bali Solar PV, Bali Value. Focus. Growth.
Slide 13: Power Operational Results
Power Operational Results Renewable Capacity Target achieved; 23% YoY growth in Renewable Sales Metric Q1-26 Q4-25 QoQ % Q1-26 Q1-25 YoY % Gross Power Sales, GWh Gross Operating Installed Capacity, MW Power Sales (GWh) 1,053 1,183 (11.0) 1,053 871 20.8 4,371 4,550 - Renewables (GWh) 299 295 1.2 299
Slide 14: 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 15: Portfolio Growth
Portfolio Growth 15 Corridor PSC, South Sumatra Value. Focus. Growth.
Slide 16: Oil & Gas Accretive Expansions
Oil & Gas Accretive Expansions 3-Month TSR 36% in Q1 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 mn USD 541 mn USD 1,355 mn USD 713 mn3 USD
Slide 17: 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) Reserves and Resources1 as of 31 Mar 2026: 163 160 152 156 169 165-170 564 551 1P Reserves 372 mmboe 143 539 481 493 480 50% 2P Reserves 551 mmb
Slide 18: Q1 2026 Financial Results and 2026 Guidance
Q1 2026 Financial Results and 2026 Guidance Oil & Gas Oil & Gas RG Net Debt Power Sales Capex ROE Production Cash Cost to EBITDA Q1 2026 Results 1.7x 169 1,053 90 9.0 USD 75 per boe 7 O&G: 88 Power: 2 2.0x mboepd GWh USD mn USD per boe Mid-cycle at USD 65 per boe Percent 2026 Guidance 165 - 170 4,55
Slide 19: Appendix
Appendix 19 Value. Focus. Growth.
Slide 20: Amman Mineral Statistics
Amman Mineral Statistics Metric Q 1- 2 6 Q4-25 Qo Q % Q 1- 2 6 Q 1- 2 5 Yo Y % Copper Gross Reserves & Resources (Blbs) Gold Gross Reserves & Resources (Moz) Production 31/12/2024 31/12/2024 - Copper (Mlbs) 101 64 57.0 101 37 173.5 - Gold (Koz) 136 27 401.6 136 32 320.9 - Copper cathode (t) 27,670 3
Slide 21: Financial Statistics
Financial Statistics Q1 26 vs Q1 26 vs Metrics Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q1 25 ∆% Q4 25 ∆% Average Realized Price Oil 72.2 66.5 66.3 62.6 75.1 3.9 19.8 Gas 7.1 6.9 6.8 6.7 7.2 1.4 7.8 Revenue Consolidated 560 578 619 638 668 19.2 4.7 RG 511 526 567 598 620 21.3 3.6 Gross Profit Consolidated 229
Slide 22: 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 23: 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
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