Pt Barito Pacific Tbk · IDX:BRPT
Pt Barito Pacific Tbk — Investor Presentation (November 2020)
31 slides from Pt Barito Pacific Tbk's investor presentation, Nov 20, 2020
Slide 1: PT Barito Pacific Tbk 2020 Public Expose
i~ Barito Pacific @ PT BARITO PACIFIC TBK 2020 Public Expose 20 November 2020
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by the management of PT Barito Pacific Tbk. (“Barito Pacific” or the “Company”) for information purposes and contains general background information about Barito Pacific group including forward-looking statements on its business, financial condition and
Slide 3: Agenda
Agenda ➢ Company Overview ➢ 2020 Business Highlights ✓ Petrochemical ✓ Geothermal ➢ 9M-2020 Consolidated Financials ➢ Growth Strategy ➢ Covid-19: Response ➢Q & A 3
Slide 4: Company Overview
Company Overview 4
Slide 5: Energy, Petrochemicals, Property and Others
● Listed on the IDX since 1993, Barito Pacific has a market capitalization of c.US$5.7bn as at 31 October 2020 ● Barito Pacific’s largest shareholder is Prajogo Pangestu with a 72.18% stake as at 31 October 2020 Petrochemicals Energy Property and Others 66.67% 34.00%(2) 100.00% 46.63%(1) ● Largest g
Slide 6: Highly Experienced Management Team
Highly Experienced Management Team Prajogo Pangestu Henky Susanto Lim Chong Thian Salwati Agustina President Commissioner Independent Commissioner Commissioner Independent Commissioner Agus Salim Pangestu Rudy Suparman David Kosasih David Raimond Sulaiman Diana Arsiyanti President Director Vice Pres
Slide 7: Petrochemical
Petrochemical 7
Slide 8: 9M 2020 - Highlights
9M 2020 - Highlights • Improved profitability. Q3-2020 EBITDA of US$61m vs Q2-2020 of US$18m. • Production volume at 2,757KT and sales volume at 1,626KT, increased by 34% and 17% respectively YoY. • Issued two IDR bond totaling Rp1.75 trillion (~US$117.3m), lower overall financing costs. • Fully pre
Slide 9: CAP is Indonesia's Market Leader for its Product Portfolio
CAP is Indonesia’s Market Leader for its Product Portfolio, a leading player in the region 9
Slide 10: Chandra Asri Production Capacity Growth
Chandra Asri Production Capacity Growth CAP Historical Expansions (in ktpa) Cracker BD plant MTBE Merger with expansion & BD plant Cracker PE TPI & increase expansion & SSBR Butene-1 acquisition operation expansion expansion PE capacity Synthetic Rubber expansion of SMI 4,232 4,232 4,061 171 3,458 6
Slide 11: CAP is the Largest Petrochemical Producer in Indonesia
CAP is the Largest Petrochemical Producer in Indonesia CAP offers the most diverse product range and is a dominant producer with ~40% of the country’s petrochemical capacity Capacity ('000 tons per year) (%) Others Total Ethylene 100% 900 - - - - - - - 900 Propylene 44% 490 - 625 - - - - - 1,115 LLD
Slide 12: Strategically Located to Supply Key Customers
Strategically Located to Supply Key Customers CAP’s Integrated Petrochemical Complex Inti Everspring Indonesia BASF Indonesia Merak Energi Lobunta Kencana Rhone Poulenc SBL Sulfindo Adiusaha NAOH, Cl2 Santa Fe Sulfindo Adi Usaha. EDC, VCM Indochlor Sauh Bahtera samudera Sulfindo Adi. PVC Gumindo Per
Slide 13: Strong Track Record of Operational Performance
Strong Track Record of Operational Performance Chandra Asri Petrochemical Key Plants: Historical Utilization Ethylene Polyethylene Polypropylene 95% (1) 89% 91% 101% 77% 87% 9M-2019 9M-2020 9M-2019 9M-2020 9M-2019 9M-2020 Styrene Monomer Butadiene MTBE /Butene-1 (2) 106% (1) 69% 78% 79% 70% 61% 9M-2
Slide 14: Geothermal
Geothermal 14
Slide 15: 9M 2020 – Highlights
9M 2020 – Highlights • Star Energy Geothermal Salak, Ltd and Star Energy Geothermal Darajat II Limited Issued a total US$1.11 billion Investment grade green bond (US$320 million, 3.25%, 8.5 years and US$790 million, 4.85%, 18 years) o First Corporate Green bond with Investment grade from Indonesia o
Slide 16: Star Energy Geothermal Operating Assets
Star Energy Geothermal Operating Assets Three Geothermal Operation with a Total Installed Capacity of 875MW Wayang Windu Salak Darajat ◼ Bandung Regency, West Java ◼ Sukabumi Regency and Bogor Regency, West Java ◼ Garut Regency and Bandung Regency, West Java ◼ 227 MW total installed capacity ◼ 377 M
Slide 17: Star Energy is the Largest Geothermal Power Producer in Indonesia
Star Energy is the Largest Geothermal Power Producer in Indonesia Geothermal Energy Producers in Indonesia Top Geothermal Energy Producers Globally 2017 Installed Capacity (MW) 2017 Installed Capacity (MW) 1,169 1 3 875 899 875 874 725 617 1 largest geothermal energy producer in Indonesia 220 120 la
Slide 18: Strong Track Record of Operational Performance
Strong Track Record of Operational Performance Star Energy Geothermal Operating Assets – Average Net Capacity Factor Wayang Windu Salak Units 1 to 3 Salak Units 4 to 6 95% 97% 91% 96% 99% 99% 9M-2019 9M-2020 9M-2019 9M-2020 9M-2019 9M-2020 Darajat Unit 1 Darajat Units 2 & 3 93% 88% 89% 97% 9M-2019 9
Slide 19: Barito Pacific
Barito Pacific • Achieved consolidated EBITDA of US$168m (Q3-2020), bringing 9M-2020 EBITDA to US$386m (23.2% margin), 14.2% decrease yoy. • Completed the First Shelf Registration Program (PUB I) - IDR bond amounting to IDR 1.5 trillion thru 3 stages of issuance, aligned with the Company’s debt reba
Slide 20: 9M-2020 Consolidated Financials
9M-2020 Consolidated Financials 20
Slide 21: 9M-2020 Financial Results
9M-2020 Financial Results 21
Slide 22: 9M-2020 Consolidated Financial Results
9M-2020 Consolidated Financial Results Net Revenue EBITDA 450 386 1,772 1,666 14 12 378 304 394 326 96 122 168 611 495 560 2 1,380 7 1,260 2 2 109 132 132 130 154 109 477 108 363 421 66 61 19 (14) -6 -2 -8 -6 Q1-2020 Q2-2020 Q3-2020 9M-2019 9M-2020 Q1-2020 Q2-2020 Q3-2020 9M-2019 9M-2020 22
Slide 23: 9M-2020 Financial Profile
9M-2020 Financial Profile TOTAL ASSETS & CASH BALANCE TOTAL DEBT & NET DEBT 7,182 7,270 Total Total Debt Net Debt Assets Cash 2,694 2,536 2,037 1,791 744 657 FY-2019 9M-2020 FY-2019 9M-2020 Debt to DEBT to EBITDA / EBITDA Net Debt to NET DEBT to EBITDA DEBT to CAPITAL RATIO EBITDA 5.1x 4.3x 3.8x 47.
Slide 24: Growth Strategy
Growth Strategy 24
Slide 25: Business Strategy to Support Future Growth
Business Strategy to Support Future Growth • Next phase growth: Post 2024 CAP 2 Petrochemical complex (125% capacity of CAP 1) • Current exploration area: 15MW (Salak Binary), 55MW (Salak Unit 7) 2022 & 2023 and WW Unit 3 (60MW). Post 2024 • New exploration area Sekincau (West Lampung) and Hamiding
Slide 26: Sizeable and Tangible Pipeline Growth
Sizeable and Tangible Pipeline Growth 2nd Naphtha Cracker Hamiding & Sekincau ➢ 1,100 ktpa (Preliminary Survey & ➢ Shareholding structure yet to Exploration) be finalised – in discussion ➢ Right to match the best SSBR Synthetic Rubber PP Plant tender offer for the license with various parties ➢ 120
Slide 27: Covid-19 Response
Covid-19 Response 27
Slide 28: Covid-19: Business Continuity
Covid-19: Business Continuity ❖ Continuous operations of all sites ❖ Dedicated Task Force Covid-19 to support daily operations ❖ Preventive measures: • Physical distancing • Regular cleaning/ disinfecting protocol • Promoting preventive measures ❖ Remote work implementation ❖ Increase Routine Cleani
Slide 29: Covid-19: Support Communities
Covid-19: Support Communities 29
Slide 30: Yayasan Bakti Barito: Corporate Social Responsibility Arm of Barito Pacific
Yayasan Bakti Barito: Corporate Social Responsibility Arm of Barito Pacific 30
Slide 31: Terima Kasih
Terima Kasih Office Address: Contact: PT Barito Pacific Tbk Investor Relations /Corporate Secretary Wisma Barito Pacific Tower B, Fl. 8 Email: investor.relations@barito.co.id Jl. Letjen. S. Parman Kav. 62-63 corpsec@barito.co.id Jakarta 11410 Telp: +62 21 530 6711 Visit our website at www.barito-pac
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