Pt Rmk Energy Tbk · IDX:RMKE
Pt Rmk Energy Tbk — Q1 2023 Earnings Presentation
23 slides from Pt Rmk Energy Tbk's earnings presentation, May 3, 2023
Slide 1: Press Conference 1Q 2023 Result Announcement
PRESS CONFERENCE 1Q 2023 RESULT ANNOUNCEMENT Sustainable Operations to Support Global Energy Security Operasi Berkelanjutan untuk Menopang Ketahanan Energi Global
Slide 2: Disclaimer
DISCLAIMER This presentation material was prepared by PT RMK Energy Tbk. (“RMKE”/“Company”) and has not been independently verified. No representation or warranty, express or implied, is made and no reliance is made on the accuracy or completeness of the information presented or contained in this pr
Slide 3: Chapter 1: Company Profile
RMKE CHAPTER 1 COMPANY PROFILE
Slide 4: Share Performance
SHARE PERFORMANCE SHARES OWNERSHIP Investor % RMK Investama 76.80 RMKE Management 3.20 Local Institution 3.25 Foreign Institution 1.72 Local Retail 14.56 Foreign Retail 0.47 Total 100.00 FREE FLOAT Investor % Local Institution 16.25 Foreign Institution 8.61 Local Retail 72.79 Foreign Retail 2.35 Tot
Slide 5: Why Invest in RMKE
WHY INVEST in RMKE 1 2 3 4 5 EFFICIENT & STRATEGIC INTEGRATED STRONG STRONG EFFECTIVE ASSETS COAL LOGISTICS OPERATIONS REVENUE COAL SERVICE LOCATION SERVICE GROWTH SOLUTIONS 6 7 8 9 10 GOOD SUSTAINABLE SOLID BALANCE HIGH SAFETY LONG TRACK CORPORATE PROFITABILITY SHEET STANDARD RECORD GOVERNANCE 1. L
Slide 6: Management Team
MANAGEMENT TEAM BOARD OF COMMISSIONER SURIANI F. SAMBA TUA ROKHMAD SUNANTO President Commissioner Independent Commissioner Independent Commissioner BOARD OF DIRECTOR TONY SAPUTRA VINCENT SAPUTRA WILLIAM SAPUTRA President Director Finance Director Operational Director 6
Slide 7: Chapter: Strategy & Target
RMKE CHAPTER 2 STRATEGY & TARGET
Slide 8: Corporate Outlook & Strategy
CORPORATE OUTLOOK & STRATEGY STRATEGY INDICATOR 2022* 2023** Coal volume (million MT) Coal volume (million MT) Coal service Coal service Unloading train 11.7 Unloading train ̴12.4 Operational Loading barge 7.8 Loading barge ̴10.8 Coal sales 2.5 Coal sales ̴2.8 Coal production 1.3 Coal production ̴2.
Slide 9: 1Q 2023 Performance Highlight
1Q 2023 PERFORMANCE HIGHLIGHT SUSTAINABLE SOLID IMPROVING STRONG PROFITABILITY BALANCE SHEET CASH FLOW OPERATIONS Operating revenue increased Equity increased by +10.7% YoY Operating cash flow increased Coal sales by +84.2%YoY to IDR761.9B to IDR1.3T by +126.0% YoY to IDR20.4B Coal sales volume incr
Slide 10: Our Targets Achievement
OUR TARGETS ACHIEVEMENT 2023 1Q 2023 Achievement No a b b/a Indicator Unit Target Actual % Unloading train mio MT 12.4 3.1 25.1 Service Loading barge mio MT 10.8 2.3 20.9 1 Operational Coal Sales In-house & third parties mio MT 2.8 0.8 28.3 Overburden removal mio Bcm 6.9 0.5 7.7 In-house TBBE Coal g
Slide 11: Chapter: Operational Performance
CHAPTER 3 OPERATIONAL PERFORMANCE 11
Slide 12: Coal Sales Segment
COAL SALES SEGMENT YTD3M 2023: +146.2% YoY 0.8 0.1 0.3 0.3 0.3 Jan 2023 Feb 2023 Mar 2023 3M 2022 3M 2023 in million MT The growth in sales volume became the backbone of the Company's financial performance during the normalization of coal prices. The average selling price decreased by 20.8% YoY. How
Slide 13: In-House Coal Production
IN-HOUSE COAL PRODUCTION YTD3M 2023: +110.3% YoY 0.1 0.3 0.1 0.1 0.1 Jan 2023 Feb 2023 Mar 2023 3M 2022 3M 2023 in million MT The coal sales segment performance rode on the back of the in-house production growth by PT Truba Bara Banyu Enim (TBBE), which produced 303.6K MT of coal, surging by 110.3%
Slide 14: Coal Services Segment – Unloading Train
COAL SERVICES SEGMENT – UNLOADING TRAIN YTD3M 2023: +28.5% YoY 3.1 2.4 Unloading train volume in 1Q 2023 has achieved 25.1% 1.1 1.0 1.0 of this year target Jan 2023 Feb 2023 Mar 2023 3M 2022 3M 2023 in million MT 14
Slide 15: Coal Services Segment – Loading Barge
COAL SERVICES SEGMENT – LOADING BARGE YTD3M 2023: +55.6% YoY 2.3 Loading barge volume in 1Q 1.5 2023 has achieved 20.9% of 0.8 0.8 this year target 0.6 Jan 2023 Feb 2023 Mar 2023 3M 2022 3M 2023 in million MT 15
Slide 16: Operational Efficiency Indicator
OPERATIONAL EFFICIENCY INDICATOR 3M 2022 3M 2023 Efficiency Unloading train (hour) 3:52 3:22 (0:30) Fuel ratio 3M 2022 3M 2023 Efficiency (MT/liter)* 1.02 0.85 (0.16) * per MT loading barge 16
Slide 17: Chapter: Financial Performance
CHAPTER 4 FINANCIAL PERFORMANCE 17
Slide 18: Operating Revenue Grows Due to Increasing Volume
OPERATING REVENUE GROWS DUE TO INCREASING VOLUME Operating Revenue Coal Sales Segment Coal Services Segment YTD3M 2023: +84.2% YoY YTD3M 2023: +76.1% YoY YTD3M 2023: +108.5% YoY 761.9 545.7 413.5 309. 9 216.2 103.7 3M 2022 3M 2023 3M 2022 3M 2023 3M 2022 3M 2023 in billion IDR in billion IDR Operati
Slide 19: All Segments Contribute to Higher Gross Profit
ALL SEGMENTS CONTRIBUTE TO HIGHER GROSS PROFIT Gross Profit Coal Sales Segment Coal Services Segment YTD3M 2023: +173.8% YoY YTD3M 2023: +248.8% YoY YTD3M 2023: +125.4% YoY 24.3% 16.4% 42.9% 185.4 17.0% 8.6% 39.7% 92.6 92.7 67.7 41.1 26.6 3M 2022 3M 2023 3M 2022 3M 2023 3M 2022 3M 2023 Gross profit
Slide 20: Optimizing Costs to Boost Profitability
OPTIMIZING COSTS TO BOOST PROFITABILITY Net Profit Net profit has improved due to: YTD3M 2023: 234.2% YoY Coal sales segment: 16.9% ● Coal sales volume increased amid the current price normalization which has decreased by -20.8% YoY. ● COGS per unit decreased by -35.1% YoY due to the more optimized
Slide 21: Solid Balance Sheet Meets Credit Covenants
SOLID BALANCE SHEET MEETS CREDIT COVENANTS Asset Liability Equity 1Q 2023: +12.8% YoY 1Q 2023: +18.3% YoY 1Q 2023: +10.7% YoY 2.3 2.2 36.8 14.3 0.4 0.4 1.7 1.9 1.2 1.3 0.5 0.6 4Q 2022 1Q 2023 4Q 2022 1Q 2023 4Q 2022 1Q 2023 Total asset in trillion IDR Total liabilities in billion IDR Equity in trill
Slide 22: Managing Healthy Cash Flow
MANAGING HEALTHY CASH FLOW Cash Flow from Operating Cash Flow from Investing Cash Flow from Financing YTD3M2023: +126.0% YoY YTD3M2023: +185.9% YoY YTD3M2023: -17.0% YoY 20.4 38.7 32.1 3M 2022 3M 2022 3M 2023 3M 2023 3M 2022 3M 2023 18.3 (78.4) (52.4) in billion IDR in billion IDR in billion IDR 22
Slide 23: Thank You
Thank You RMKE Investor & Public Relations rmkenergy.com PT RMK Energy Tbk rmke.official Wisma RMK Lantai 2 Jalan Puri Kencana Blok M4/1 Jakarta Barat, DKI Jakarta 11610 PT RMK Energy Tbk (021) 582 2555