Pt Trimegah Bangun Persada Tbk · IDX:NCKL
Pt Trimegah Bangun Persada Tbk — Q1 2023 Earnings Presentation
31 slides from Pt Trimegah Bangun Persada Tbk's earnings presentation, 2023
Slide 1: Q1 2023 Company Presentation
Q1 2023 Company Presentation
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation materials, you are agreeing to maintain absolute confidentiality regarding the information disclosed in this document and to be bound by the following limitations: You must read the following before c
Slide 3: Agenda
Agenda 1. Company Overview 4 2. Key Investment Highlights 10 3. Operation Overview 19 4. Financial Overview 23
Slide 4: Company Overview
1 Company Overview
Slide 5: Trimegah Bangun Persada (TBP) at a Glance
Trimegah Bangun Persada (TBP) at a Glance TBP is a pure-play integrated operator of nickel mining and smelters in Indonesia with growing exposure to battery segment Large Upstream Resource Base Vertically Integrated Nickel Operations Total reserves of 168.9mt1 across Presence from upstream mining to
Slide 6: History and Key Milestones
History and Key Milestones 2005 2006/07 2009 2010 2017 Commenced regional • GPS obtained an exploration • Started exploration and mining • Obtained IUP for Kawasi Mine Expanded investments in geological mapping permit for Loji in 2006 development at Kawasi Mine which is valid until February 8, downs
Slide 7: TBP Group Structure and Portfolio Overview
TBP Group Structure and Portfolio Overview Comprehensive Nickel Value Chain Presence on the Obi Island Upstream Midstream Downstream RKEF technology Saprolite Ferronickel Stainless Steel Nickel Sulfate Industrial Cathode HPAL technology Zone Limonite MHP Precursor EV Battery Cobalt Sulfate Recycling
Slide 8: TBP Group Structure and Portfolio Overview (Cont’d)
TBP Group Structure and Portfolio Overview (Cont’d) 8
Slide 9: Strong Commitment to Sustainability and Contributing to the UN SDGs
Strong Commitment to Sustainability and Contributing to the UN SDGs Governance Environmental Corporate governance: ensuring Land: waste and wastewater integrity and ethical behavior as core management, optimal surface water tenets of the company management and quality monitoring, Occupational health
Slide 10: Key Investment Highlights
2 Key Investment Highlights
Slide 11: Key Investment Highlights
Key Investment Highlights 1 Existing And Growing Exposure To Key Battery Material Products 2 Integrated Pure-play Nickel Player 3 Strong Group Support And Experienced Management Team 4 Strategic Partnerships With International Companies In Nickel Value Chain 5 Vertically Integrated Operations Locate
Slide 12: Positioned to Benefit from EV Industry Transformation
1 Positioned to Benefit from EV Industry Transformation with Growing Exposure to Key Battery Material Products Transportation / EV to Drive Additional Nickel Demand Growth in the HPAL Process Illustration Near Term Historical and Forecast Global End Use of Nickel 2015-2027 (Kt) 3,500 Upstream Midstr
Slide 13: Integrated Pure-play Nickel Player
2 Integrated Pure-play Nickel Player An Integrated Pure-Play Nickel Player in Indonesia 168.9 mt Total Nickel Reserves Unique Proposition and Key Success Factors Pure Play Nickel Focus Significant Self-owned Reserves To Support Downstream Operation Exposure to Battery Nickel / Electric Vehicle Secto
Slide 14: Strong Support from Leading Indonesian Business Conglomerate and Experienced Management Team
3 Strong Support from Leading Indonesian Business Conglomerate and Experienced Management Team Nickel Bauxite Agriculture Others NI AI • • Oil Palm Plantation • Shipping • Mining - nickel ore producer Bauxite Mining • o 52% in Singapore-listed • Mining support • Processing - operating RKEF Alumina R
Slide 15: Strategic Partnerships with Various Leading Companies in Nickel Value Chain
4 Strategic Partnerships with Various Leading Companies in Nickel, Ferronickel and Battery Material Value Chain We and our downstream nickel investments have established strategic partnership with various industry leading players along the nickel value chain Mining Concessions Ore feed Ore feed Proj
Slide 16: Vertically Integrated Operations Strategically Located in Obi Island
5 Vertically Integrated Operations Strategically Located in Obi Island with Significant Operational Synergies Feasible Full Vertical Integration Across Nickel Value Chain All mining and production facilities are Prominent presence across nickel value chain, covering upstream mining to nickel smeltin
Slide 17: Commitment towards Integration of Sustainability / ESG in Our Business Processes
6 Commitment towards Integration of Sustainability / ESG in Our Business Processes Alignment with national ESG-related regulations and laws with a path towards aligning with international standards Environmental Social Governance Ensuring sustainability of operations Safeguarding employee health and
Slide 18: Commitment towards Integration of Sustainability / ESG (Cont’d)
6 Commitment towards Integration of Sustainability / ESG in Our Business Processes (Cont’d) Directly Affected Village - Kawasi Our contribution aims to bring long-term prosperity and sustainable society through community empowerment and collaborative partnership with stakeholders 374 1,120 HOUSEHOLD
Slide 19: Operations Overview
3 Operations Overview
Slide 20: Mining Operations
Mining Operations Mining Operations Snapshot • TBP’s mining operation portfolio consists of 2 producing mines and 2 exploration-stage concessions on the Obi Island • Moisture content is on average 30 – 35% for saprolite and 36 – 40% for limonite • Nickel ore are sold to downstream operations at MSP
Slide 21: HPAL Operations
HPAL Operations HPAL Operations Overview MHP Production Output (ton) History of Shareholding • To support government’s downstream processing program, in 2018, our Company entered 5,303 into a joint venture with Lygend to establish HPL to operate a HPAL project • We were primarily responsible for sup
Slide 22: RKEF Operations
RKEF Operations Ferronickel Processing Operations Summary Key Steps of Ferronickel Processing Our Ferronickel Facilities Commentary • MSP (60.0% ownership, operational): operating since 2017 with 4 fully-operating production lines and designed capacity of 25,000 metal tons per year (220ktpa ferronic
Slide 23: Financial Overview
2022 =" WsTEP MENCIPTAKAN PELUANG DALAM PERJALANAN KEBERLANJUTAN MENUJU HILIRISASI NIKEL
Slide 24: Profit & Loss Statements
Profit & Loss Statements For the three-months For the years ended, Dec 31 period ended, Mar 31 Exchange rate USD/IDR 14,572 14,312 14,876 14,345 15,243 In IDR billion Audited Audited Audited Unaudited Unaudited FY020 FY21 FY22 Q1 2022 Q1 2023 Revenue 4,072 8,229 9,568 2,741 4,786 Cost of good sold (
Slide 25: Profit & Loss Statements Highlights
Profit & Loss Statements Highlights Revenue Gross Profit and Margin Margin USD (in million) IDR (in billion) 48% 55% 49% 50% 33% CAGR Commentary 53% CAGR 55% Q1vsQ1 14% 643 Q1vsQ1 315 314 Strong track record of 575 75% 9,568 4,514 4,675 revenue growth driven 8,229 279 314 134 by production ramp 10
Slide 26: Average Selling Price
Average Selling Price Saprolite Ore (USD/wmt) Limonite Ore (USD/wmt) Commentary Q1vsQ1 YoY Q1vsQ1 CAGR 26% 29% 16% 33% ASP nickel ores increased due to 56.57 60.17 28.04 28.65 increase of MOMR’s Reference 47.88 24.63 Price which has a direct link to LME, 21.74 40.71 although, there is a time-lag w
Slide 27: Capital Expenditures
Capital Expenditures USD (in million) IDR (in billion) Historical Capital Expenditure 586 8,721 554 499 8,206 7,925 Commentary 7,271 7,828 Capex has grown from IDR 7.3T in FY 2020 to IDR 8.7T in FY 7,258 2022. Primarily consists of smelter projects, heavy equipment and vehicles. Planned capex go
Slide 28: Costs Comparison (Year-end Period)
Costs Comparison (Year-end Period) Compound Annual Growth Rate (“CAGR”) Total Production Cost (IDR billion) Selling, General, & Administrative Expense (IDR billion) 84% 378 2,296 Salaries, wages and employee benefit 388 Fuel & Auxiliaries 1,169 275 17% 681 1,143 120 57% Supplies 146 16% Raw material
Slide 29: Costs Comparison (Q1vsQ1 Comparison)
Costs Comparison (Q1vsQ1 Comparison) Q1vsQ1 (percentage Total Production Cost (IDR billion) Selling, General, & Administrative Expense (IDR billion) growth from period to period) Fuel & Auxiliaries 1,033 205 397 160% Salaries, wages and employee benefit 139% 86 Raw materials 834 264% 40 229 Supplies
Slide 30: Cash Costs
Cash Costs4 Saprolite Ore (USD/wmt) Limonite Ore (USD/wmt) Commentary CAGR Q1vsQ1 CAGR Q1vsQ1 Cash cost Saprolite slightly 13% -6% 19% 137% decreased but Cash Cost 26.72 7.81 Limonite increased. 7.89 6.59 HPAL Cash Cost before 16.66 16.43 13.06 15.48 4.15 cobalt credit slightly up in Q4 2022 but
Slide 31: THANK YOU
THANK YOU For further information, please contact: Lukito Gozali – Head of Investor Relations PT Trimegah Bangun Persada Tbk. – Head Office Gedung Bank Panin Lt. 2 Jl. Jenderal Sudirman, Jakarta Pusat 10270, Indonesia www.tbpnickel.com | investor.relations@haritanickel.com
PT Trimegah Bangun Persada — Q1 2023 Earnings Presentation on 6ix