Pt Trans Power Marine Tbk · IDX:TPMA
Pt Trans Power Marine Tbk — Q1 2025 Earnings Presentation
18 slides from Pt Trans Power Marine Tbk's earnings presentation, 2025
Slide 1: Company Update 1Q25
Company Update 1Q25 PT Trans Power Marine Tbk
Slide 2: Our Journey
Our Journey Established in 2005, we now operate 120 sets of tugs and barges and 4 floating crane through The Company, subsidiary and associated company. With over 20 years of experience, we specialize in bulk cargo transportation. Our healthy balance sheets ensure growth and stability in the sector.
Slide 3: Key Milestones
Key Milestones 2005 1 TPMA was established. 2 2010 Signed with PT Pelayaran Bahtera Adhiguna. 2012 3 Contracts with PT Korintiga Hutani. 4 2013 Listed on the IDX. 2021 5 Form a Joint venture with Tsingshan under PT Trans Logistik Perkasa. 6 2024 • Acquired 65% of PT Bahtera Energi Samudra Tuah • For
Slide 4: Shareholding Structure
Shareholding Structure 65% 51% 50% *30% PT Trans Ocean Permata PT Bahtera Energi Samudra Tuah PT Trans Bahtera Pioneer PT Trans Logistik Perkasa (TOP) (BEST) (TBP) (TLP) *TPMA indirectly owned 30% in TLP through PT Pelayaran Trans Nusantara
Slide 5: Our Service
Our Service Pelabuhan Muat Loading Port Transhipment A Berlayar B Voyage A : Transshipment B : Inter Island Pelabuhan Bongkar Inter Island Discharge Port
Slide 6: Key Customers
7 / he ITM Pew ONESIA PT KALTIM PRIMA COAL BORNEO INDOBARA a INDE Key Custo CKTH b oN PT PELAYARAN BAHTERA ADHIGUNA Subsidiary of mers BEEN,
Slide 7: Industry Overview
INDUSTRY OVERVIEW
Slide 8: Indonesia Coal Production
IndonesiaCoalProduction Indonesia Coal Production vs. ICI 4 index 400 $60 350 $49.3 $50 300 $40 250 200 189 $30 150 $20 100 $10 50 0 $0 1Q25 Coal production (in m MT) ICI 4 (US$ /MT) - RHS Source: Argus and Ministry of Energy and Mineral Resources
Slide 9: Fleet Composition
Fleet Composition 120 Set tug and barge 4 Floating Crane
Slide 10: Operational Fleet
Operational Fleet 1Q25 TPM BEST TLP TBP Tug boat 41 38 58 2 Barges 36 33 49 2 Floating Crane 4 - - Tanker - - 1 YTD Confirmed Order for FY25F-26F TPM BEST TLP TOP Tug boat 6 3 15 6 Barges 9 3 15 6 Floating Crane - - - 1 Tanker - - - Note: BEST is 65% owned by TPM. TLP is effectively 30% owned by TPM
Slide 11: Operational Segment
Operational Segment Barging Volume 1Q24 vs 1Q25 Floating crane volume 1Q24 vs. 1Q25 5 4 4 2.9 3 3.2 3 2 2 2.9 1 2.1 1 1.4 1.5 0 0 1Q24 1Q25 1Q24 1Q25 LT Transhipment FC
Slide 12: Financial Highlights
Financial Highlights US$12.5m US$831k EBITDA Income from JV Strong EBITDA margin of 47% US$5.8m Net Income after minority interest 2% year-on-year increase TPM : US$4.27m BEST : US$1.53m
Slide 13: Revenue Highlights
Revenue Highlights Revenue by segment (in US$ m) 30 0.2 4.8 0.0 25 5.9 5.2 1) Prolonged bad weather conditions in 20 early 1Q25, TPMA initially focused on 6.6 transshipment activities, which are 15 less affected by adverse sea conditions due to their shorter sailing 10 distances. 17.6 14.7 2) New ad
Slide 14: Direct Cost Breakdown
Direct Cost Breakdown FY24 1Q25 21.4% 22% 27% 27.4% 4.3% 5% 5.5% 7% 25.7% 9% 30% 15.7% Fuel Depreciation Vessel Rental Fuel Depreciation Vessel Rental Salary Port Operation Others Salary Port Operation Others
Slide 15: Financial Trends
Financial Trends ICI 4 vs. profitability Margin 100 50% 46% 47% 47% 90 45% 45% 85.8 80 39% 39% 40% 70 36% 36% 35% 34% 30% 34% 65.1 64.6 60 27% 30% 25% 50 25% 22% 23% 53.7 40 20% 20% 49.31 30 28.6 15% 20 9% 10% 10 5% 5% 0 0% 2020 2021 2022 2023* 2024 1Q25 ICI 4 GPM (RHS) EBITDA Margin (RHS) Net Profi
Slide 16: Balance Sheet
Balance Sheet 300,000 250,000 200,000 155,510 150,000 206,061 100,000 4Q24 1Q25 Current Ratio 1.7x 1.8x 72,504 50,000 Debt to Equity 0.57x 0.57x 25,734 21,973 25,753 Net Gearing 0.45x 0.43x - Asset Liab. & Equity Cash & equivalent Curr. Asset - excl. cash Non-curr. Asset Curr. Liabilities Non-curr.
Slide 17: Dividend Historical
Dividend Historical Financial Ye ar Type Rp / s h DPR 2013 Final 11 30% 2016 Final 4 52% 2017 Final 12 48% 2018 Final 26.6 64% 2019 Final 23.5 50% 2020 Final 22 184% 2021 Final 12 54% 2022 Final 60 75% 2023 Interim 30 26% 2023 Final 45 39% 2024 Final 80 67%
Slide 18: Thank You!
Thank You! For enquiries please contact: Michael Audie Benas audie.benas@pt-tpm.com Corporate Secretary corsec@pt-tpm.com
PT Trans Power Marine — Q1 2025 Earnings Presentation on 6ix