Pt Indo Tambangraya Megah Tbk · IDX:ITMG
Pt Indo Tambangraya Megah Tbk — Q2 2026 Earnings Presentation
26 slides from Pt Indo Tambangraya Megah Tbk's earnings presentation, Aug 24, 2026
Slide 1: Analysts Meeting 2Q26 Performance Result
Analysts Meeting 2Q26 Performance Result 24 Aug ust 2026
Slide 2: Agenda
AGENDA 01 02 03 04 05 Highlights Coal market Operational Financial Q&A session trends updates updates
Slide 3: 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
Slide 4: Highlights
Nit | OUR WAY IN ENERGY Highlights
Slide 5: ITM 2Q26 highlights
ITM 2Q26 highlights Operational performance Solar PV capacity growth The total cumulative contracted capacity of solar -based renewable Production Sales projects reached 152 MWp as of 2Q 26 , while operating capacity continued to 5.3 Mt 6.1 Mt grow to 86 MWp, up 12% QoQ and more than doubled YoY . 1
Slide 6: ESG as a foundation for operational excellence
ESG as a foundation for operational excellence “ Over the long term, environmental, social, governance, can have a real and quantifiable financial impact. – Larry Fink, Blackrock CEO ” BUSINESS VALUE Climate change management Climate change management E Environmental stewardship Environmental stewar
Slide 7: Preserving environment through responsible operations
Preserving environment through responsible operations Climate change management Environmental stewardship Key initiatives are centered on reducing emissions while Restoring ecosystems and conserving biodiversity through supporting a more sustainable and lower -carbon operation. responsible post -min
Slide 8: Being socially responsible and upholding good governance
Being socially responsible and upholding good governance Human rights Stakeholders' Governance management empowerment Uphold rigorous safety standards ITM supports community independence Sustainability Development and GCG (SDG) throughout our operations and supply through empowerment programs commit
Slide 9: Our ESG performance is among the industry's top tier globally
Our ESG performance is among the industry’s top tier globally rank among rank among rank among 2nd global coal peers 3rd global coal peers 4th global coal peers 3.9 out of 5.0 52 out of 100 38.6 out of 40+ ESG score (higher score is better) (higher score is better) (lower score is better) as of Dece
Slide 10: Coal market trends
Nit | OUR WAY IN ENERGY 02 Coal market trends
Slide 11: Global thermal coal market
Global thermal coal market Coal demand and supply change – 2026e vs 2025 Demand trends Thermal coal demand softened after pre -summer restocking, as monsoon rains weighed on coal burn amid elevated coal inventories. However, summer heatwaves Unit: Mt Demand Supply and LNG supply uncertainty from ren
Slide 12: Coal price and sales summary
Coal price and sales summary ITM ASP vs BENCHMARK PRICES Unit: $/t 450 14 August 2026 NEX ICI 3 $ 128.0 /t $ 83.6 /t 300 ITM ASP 2Q26: $82.7/t 4 % QoQ / 11% YoY 150 Monthly NEX June $146.6/t 2Q26 ITM ASP SALES VOLUME $82. 7 /t Monthly ICI 3 June $ 85 .9/t 2Q26: 6.1 Mt -3% QoQ / 4% YoY 0 2017 2018 20
Slide 13: ITM coal sales
ITM coal sales 2Q26 coal sales volume based on sales destination 6M26 coal sales % Others 9% India 4% China 28% Thailand 4% Philippines 9% 6M26 sales actual 1.5 Mt 0.9 Mt 12.3 Mt Japan 19% Indonesia Japan China 27% 0.2 Mt 0.2 Mt 0.2 Mt India FY26 Indicative coal sales Hong Kong Taiwan 0.2 Mt Unsold
Slide 14: Operational updates
Nit | OUR WAY IN ENERGY Operational updates
Slide 15: Coal mining operational summary
Coal mining operational summary Target production 3Q26: FY 26: IMM Indominco Mandiri 5.9 Mt 22.0 – 22.9 Mt GPK FY26 target: 7.1 Mt Graha Panca Karsa FY26 target: 2.7 Mt EAST Coal production KALIMANTAN 10.4 9.9 IMM 5.1 4.7 5.3 GPK NPR TCM TCM Nusa Persada Resources Trubaindo Coal Mining FY26 target:
Slide 16: Operational update – Indominco Mandiri
Operational update – Indominco Mandiri 6M26 Actual: Quarterly production (Mt) IMM Indominco Mandiri 3.4 Mt 1.8 1.9 1.7 1.6 2Q25 1Q26 2Q26 3Q26e SR ( bcm /t) 12.2x 12.8x 12.8x 14.0x EAST KALIMANTAN Comments ▪ 2Q26 production of 1.8 Mt was higher than the previous quarter supported by favorable weathe
Slide 17: Operational update – Trubaindo Coal Mining
Operational update – Trubaindo Coal Mining 6M26 Actual: Quarterly production (Mt) TCM Trubaindo Coal Mining 1.5 Mt 0.7 0.7 0.8 0.8 2Q25 1Q26 2Q26 3Q26e SR ( bcm /t) 14.0x 11.6x 11.8x 17.6x EAST KALIMANTAN Comments ▪ 2Q26 production slightly higher than the previous quarter of 0.8 Mt with maintained
Slide 18: Operational update – Bharinto Ekatama
Operational update – Bharinto Ekatama 6M 26 Actual: Quarterly production (Mt) BEK Bharinto Ekatama 3.6 Mt 2.3 2.0 1.9 1.7 2Q25 1Q26 2Q26 3Q26e SR ( bcm /t) 7.3x 9.0x 8.6x 7.7x EAST KALIMANTAN Comments ▪ 2Q26 production reached 1.9 Mt, higher than the previous CENTRAL quarter, with a lower strip rati
Slide 19: Operational update – other mines
Operational update – other mines GPK TIS NPR Quarterly production (Mt) Graha Panca Karsa Tepian Indah Sukses Nusa Persada Resources 6M 26 Actual: 1.1 Mt 6M 26 Actual: 0.2 Mt 6M 26 Actual: 0.1 Mt 0.1 0.1 0.2 0.2 TIS 0.1 0.6 0.5 0.6 0.6 GPK 2Q25 1Q26 2Q26 3Q26e SR ( bcm /t) - 10.4x - - NPR 16.4x 25.6x
Slide 20: Financial updates
Nim | OUR WAY IN ENERGY ~~ 04 Financial updates
Slide 21: Financial performance – profitability
Financial performance – profitability INCOME STATEMENT REVENUE EBITDA Unit: $ Mn Unit: $ Mn 181 164 919 1,000 92 89 72 437 498 503 2Q25 1Q26 2Q26 6M25 6M26 2Q25 1Q26 2Q26 6M25 6M26 Average selling price ($/ton) 74.5 79.4 82.7 78.1 81.0 NET PROFIT Gross profit ($ Mn) 89 133 124 225 256 Unit: $ Mn Ope
Slide 22: Financial performance – cost
Financial performance – cost TOTAL COST BREAKDOWN Unit: $/ton STRIP RATIO Unit: (X) 63.4 66.3 70.1 64.1 68.1 10.4 10.3 10.3 8.6 9.3 8.7 8.8 9.0 Royalty 9.7 9.3 2Q25 1Q26 2Q26 6M25 6M26 61.3 59.1 2Q25 1Q26 2Q26 6M25 6M26 57.0 54.8 55.3 SG&A expenses D&A expenses Other production FUEL PRICE costs * Un
Slide 23: Financial position
Financial position BALANCE SHEET Unit: $ Mn Borrowing Borrowing TOTAL ASSETS DEBT TO EQUITY 39 18 Other As of 30 Jun 2026 As of 30 Jun 2026 Other Liabilities Liabilities Cash Cash 459 488 738 808 $2,417Mn 0.01x FY25: $2,406Mn FY25: 0.02x NET GEARING ACTUAL CAPEX Total Total As of 30 Jun 2026 During
Slide 24: Q&A session
NITM O05 Q&A session
Slide 25: QoQ and YoY financial performance
QoQ and YoY financial performance Unit: US$ thousand 2Q26 1Q26 QoQ (%) 2Q25 YoY(%) 6M26 6M25 YoY(%) Net Revenues 502,914 497,577 1% 436,900 15% 1,000,491 919,416 9% Gross Profit 123,724 132,753 (7%) 89,362 38% 256,477 224,712 14% Gross Profit Margin 25% 27% 20% 26% 24% Selling Expenses (44,841) (43,
Slide 26: ITM group structure
ITM group structure PT Indo Tambangraya Megah Tbk . INDONESIAN STOCK EXCHANGE (65% shares owned by Banpu and 35% by Public 1) IPO 18 th Dec 2007 (Ticker: ITMG) 2 99.99% 99.99% 99.99% 99.99% 70.00% 99.99% 99.99% 99.99% 99.99% 70.00% PT Energi Batu PT ITM Bhinneka Power Bara Perkasa Renewable Investme
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