Pt Trimegah Bangun Persada Tbk · IDX:NCKL
Pt Trimegah Bangun Persada Tbk — 9M23 Earnings Presentation
30 slides from Pt Trimegah Bangun Persada Tbk's earnings presentation, December 2023
Slide 1: Company Presentation 9M23
Analyst Call 9M23 Company Presentation 9M23 December 2023 tbpnickel.com
Slide 2: From Obi for Indonesia.
From Obi for Indonesia. 2
Slide 3: Table of Contents
Table of Contents Operation Overview 04 Financial Highlight 12 CSR, ESG & Sustainability 17 Special Announcements 27 3
Slide 4: Operation Overview
Operation Overview 4
Slide 5: Mining Operations
Mining Operations Mining Production Output (million wmt) Nickel Ore Sales (million wmt) YoY 119% YoY 96% 14.48 CAGR 50% CAGR 137% 10.93 10.72 10.08 7.77 6.60 6.80 6.29 5.57 4.76 4.05 3.59 5.89 3.22 4.34 3.42 4.40 2.03 2.36 4.43 4.13 2.55 1.34 1.38 1.56 1.88 1.23 0.86 FY20 FY21 FY22 9M22 9M23 FY20 FY
Slide 6: HPAL Operations
HPAL Operations HPAL Production Output (In ton) HPAL Sales Volume (In ton) YoY YoY MHP Ni YoY YoY MHP Ni 233% MHP Ni MHP Ni 49% 18% 217% 42,251 46,891 34,897 42,310 29,563 31,437 12,671 7,534 9,287 5,371 13,349 5,303 3,811 4,020 1,721 1,811 818 271 4,966 3,655 FY21 FY22 9M22 9M23 FY21 FY22 9M22 9M23
Slide 7: HPAL Ongoing Project (ONC)
HPAL Ongoing Project (ONC) Sulfuric acid plant 3 autoclaves have been assembled 65,000 Tons contained Ni/year MHP • PT. ONC will have 3 production lines of HPAL. • Designed capacity of 65,000 tons contained Ni/year. • Expected commissioning in 2nd quarter of 2024 (1st line). 1st Autoclave 2nd Autocl
Slide 8: RKEF Operations
RKEF Operations FeNi Production Output (In metal ton) FeNi Sales Volume (In metal ton) YoY YoY 268% 266% 68,994 69,785 CAGR 5% CAGR 7% 47,963 48,638 26,047 26,182 22,921 25,372 21,956 25,302 19,044 21,147 21,031 18,760 FY20 FY21 FY22 9M22 9M23 FY20 FY21 FY22 9M22 9M23 MSP HJF MSP HJF • From FY20 - F
Slide 9: Production Capacity Growth Plans (Total Tons Contained Ni/Year)
Production Capacity Growth Plans (Total Tons Contained Ni/Year) 425,000 120,000 • Intermediate nickel product produced by the HPAL process. • Can be further processed into nickel sulfate. 240,000 Mixed Hydroxide • Mixed Hydroxide Precipitate Precipitate (MHP) (MHP) (tons contained Ni/year). 175,000
Slide 10: Production Capacity Growth Plans (by Product)
Production Capacity Growth Plans (by Product) 120,000 120,000 Ferronickel (FeNi) Mixed Hydroxide Precipitate (Tons Contained Ni/Year) 305,000 (MHP) (Tons Contained Ni/Year) 65,000 65,000 185,000 55,000 120,000 120,000 37,000 55,000 55,000 95,000 95,000 95,000 14,250 14,250 25,000 7,500 7,500 25,000
Slide 11: Financial Highlight
Financial Highlight 11
Slide 12: Profit & Loss Statements Highlights – 9M22 to 9M23
Revenue Gross Profit and Margin 48% 55% 49% 51% 35% CAGR (1) YoY (2) 53% 135% CAGR (1) YoY (2) 55% 63% 1,144 Profit & Loss 575 643 17,300 315 4,514 314 4,675 257 406 6,134 9,568 8,229 503 Statements Highlights 279 4,072 7,358 134 1,957 3,760 – 9M22 to 9M23 FY20 FY21 FY22 9M22 9M23 FY20 FY21 FY22 9M2
Slide 13: Profit & Loss Statements 9M23
For The Nine-Months Profit & Loss Period Ended, September 30 Exchange rate USD/IDR 14,621 15,121 Statements 9M23 In IDR billion Audited Limited review Increase/ 9M22 9M23 Variance (%) (Decrease) Revenue 7,358 17,300 9,942 135% Strong growth in revenue (135%) was Cost of good sold (3,598) (11,166)
Slide 14: Profit & Loss Statements of QoQ
In IDR Billion In Thousand USD Exchange rate USD/IDR 14,866 15,214 14,866 15,214 Unaudited Unaudited Unaudited Unaudited Profit & Loss Revenue 2Q23 5,456 3Q23 7,057 Variance (%) 29% 2Q23 367,019 3Q23 463,869 Variance (%) 26% Cost of good sold (3,524) (4,422) 25% (237,049) (290,659) 23% Statements of
Slide 15: 9M23 ASP, Cash Cost and Cash Margin (Mining & Processing Business)
9M23 ASP, Cash Cost and Cash Margin (Mining & Processing Business) Mining Products (USD/wmt) HPAL Products (USD/mt) RKEF Product (USD/mt) Limonite Saprolite MHP Ni NiSO₄ CoSO₄ MSP HJF 14.835 23,274 13.766 49 10.646 10.196 15,743 15,782 34 12,765 24 9,564 10,509 8,920 17 6,824 4.189 15 6,218 3.570 7
Slide 16: CSR, ESG & Sustainability
CSR, ESG & Sustainability 16
Slide 17: CSR – New Kawasi
House - Outside Clinic Church Adequate House - Inside Mosque electricity supply Community’s port Access road to community’s port CSR – New Kawasi Community’s port Access road to community’s port Village Progress 95.75% Business area Houses and public facilities (as of September 2023) Business area U
Slide 18: Community Development & Empowerment Program as of 9M23
Community Development & Empowerment Program as of 9M23 Average transaction amount/month IDR 11.9 Bn (~USD 793k) 18
Slide 19: Recognized & CSR Awards
Recognized & CSR Awards Sustainable Village Development TOP CSR Awards CSR Detik.com Awards February, 2023 June, 2023 September, 2023 From Minister of Villages, Development of From Top Business From Detik.com Disadvantaged Regions, & Transmigration of Indonesia • 3 Golds and 1 Excellent Award in Cor
Slide 20: Decarbonization
Decarbonization Cooking Oil Background Reuse Opportunity • Used cooking oil • Cooking oil from usage for global approximately biofuel production is 30,000 workers on predicted to Harita Nickel’s Obi increase from 8.3 Island site billion liters in • Large quantities of 2021 to 13.6 billion available
Slide 21: Decarbonization
Decarbonization 1 No Project Name 2 1 Waste Heat Recovery for HPAL 8 2 3 Plant. Biodiesel (B35) Implementation. Conveyor Coal Transport (Jetty to Coal Dome). 4 Street lighting-Solar PV (HPL - Commissioned 30pcs @120Wp + 90pcs projects @60Wp), (TBP - 149pcs 3 4 @60Wp), and (HJF - 17pcs @60Wp). 5 6 un
Slide 22: Biodiversity
Biodiversity Commitments Net Terrestrial Conservation Gain within 20 years Landscape-level Nature Risk Assessment Detailed Environmental And Social Impact Assessments Landscape-level Nature Risk Assessment Background Opportunity SAMPLE ONLY • Only 1% of Obi Island’s land is • Create a holistic risk
Slide 23: Ecosystem and Environment
Ecosystem and Environment 23
Slide 24: Alignment With Best Practice Governance Standards
Alignment With Best Practice Governance Standards A comprehensive standard for responsible mining and mineral processing that IRMA Audit is supported by a wide range of stakeholders (Government, NGOs, etc.) Background Benefits • 3rd party certification requirements of EV battery material buyers. • R
Slide 25: Recognized as ESG Leadership by Industry Thought Leaders
Recognized as ESG Leadership by Industry Thought Leaders As of August 2023 Low emissions technology TBP’s HPAL plant produces low carbon nickel Jobs created through TBP’s dry community programs stack is an TBP has strict industry- leading method policies and 691 for safely procedures to respect stor
Slide 26: Special Announcements
Special Announcements 26
Slide 27: Total Nickel Ore as of 2023 (Mn WMT)
Total Nickel Ore as of 2023 (Mn WMT) June, 2022 2023 Surface Surface Nickel Reserves(1) Nickel Reserves and Resources(2) Limonite 113.8 225.0 Limonite Ore (Ni Content ≤ 1.4%) Saprolite 55.1 76.9 Saprolite Ore (Ni Content ≥ 1.4%) Total 168.9 301.9 Bedrock Notes: (1) It’s estimated based on TBP, GPS,
Slide 28: Reserves Replacement Strategy
Reserves Replacement Strategy Strategy Description Extensional drilling Undrilled areas within the areas covered by our existing IUPs Infill/development drilling Confirm the continuity of mineralization in a deposit and define mineable (proven/probable) reserves for detailed mine plans for productio
Slide 29: Acquisition Updates
Acquisition Updates Limonite 56 Mn wmt Limonite 26 Mn wmt GPS(2) Saprolite 15 Mn wmt GTS(2) Saprolite 12 Mn wmt KTS HJR HJR TBP has 1% 1% BBM % of % of established JV 15% ownership in HJR to TBP ownership in with local partner 29% (1) GPS from GTS. in 2023, whereas IMS 70% to the Shareholders TBP 49
Slide 30: Thank You!
Thank You! 30
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