Pt Medco Energi Internasional Tbk · IDX:MEDC
Pt Medco Energi Internasional Tbk — H1 2026 Earnings Presentation
25 slides from Pt Medco Energi Internasional Tbk's earnings presentation, Sep 29, 2026
Slide 1: MedcoEnergi 1H 2026 Results
Value. Focus. Growth. MEDCOENERGI 1H 2026 RESULTS Medco Energi Internasional Tbk (IDX: MEDC, OTCQX: MDCOY) | 29 Sep 2026
Slide 2: Contents
Contents Results for the Six Months Ended 30 June 2026 01 Highlights 3 02 Operational Performance 8 03 Power & Sustainability 11 04 Financial Performance 15 Appendix 19 The following presentation has been prepared by PT Medco Energi Internasional Tbk (the “Company”) and contains certain projections,
Slide 3: Highlights
SECTION Highlights Value. Focus. Growth. MEDCOENERGI | Q1 2026 Investor Update 3
Slide 4: Leadership Team - Built on a Proven Foundation
LEADERSHIP TEAM - BUILT ON A PROVEN FOUNDATION Continuing Medco’s commitment to disciplined growth and its legacy of operational excellence and credit discipline Board of Directors Hilmi Panigoro President Director Ronald Gunawan Amri Siahaan 28 years with MEDC Benny Setiawan Sanjeev Bansal Chief Ex
Slide 5: 1H 2026 Operating & Financial Highlights
1H 2026 OPERATING & FINANCIAL HIGHLIGHTS Strong Operational Execution Fuels Profit Growth and Balance Sheet Strength Production Capex Net Income Consol. Net Debt EBITDA Credit Ratings 170.1 187.9 275.3 2.7 805.1 Fitch S&P : BB- : BB- Mboepd USD mn USD mn USD bn USD mn Moody’s : Ba3 +19.0% YoY O&G: 1
Slide 6: Our Business Strategy Is Delivering Long-Term Value
OUR BUSINESS STRATEGY IS DELIVERING LONG -TERM VALUE Portfolio Diversification and Operational Excellence Drive Resilience through Uncertainty Oil & Gas Clean Power Copper & Gold Mining Production Power Sold 1H 2026 170.1 mboepd 1H 2026 2,323 GWh Ownership in Amman Mineral ~21% 72/28 86.7 1,733 590
Slide 7: Value. Focus. Growth.
Value. Focus. Growth. 1 V A L UE Build long term sustainable value through a diversified and Oil & Gas Production (mboepd) Net 2P Reserves (mmboe) integrated platform across Oil & Gas, Power, and Amman Mineral's copper and gold operations. Disciplined 156.1 564.0 542.1 operation drives value creatio
Slide 8: Operational Performance
SECTION Operational Performance Value. Focus. Growth. MEDCOENERGI | Q1 2026 Investor Update 8
Slide 9: Strong Operational Performance
STRONG OPERATIONAL PERFORMANCE Higher output while maintaining cost discipline Metric 2Q26 1Q26 QoQ % 1H26 1H25 YoY % Oil & Gas Production (mboepd) Oil & Gas Cash Cost¹ (USD/boe) Daily Production Total (mboepd) 171.4 168.8 1.6 170.1 142.9 19.0 96.2 - Oil (mbopd) 48.8 47.3 3.1 48.1 40.3 19.2 86.7 165
Slide 10: Maintaining Operational Excellence in Key Projects for Future Cash Flow
MAINTAINING OPERATIONAL EXCELLENCE IN KEY PROJECTS FOR FUTURE CASH FLOW Key asset progress strengthens the outlook for sustained value creation. INDONESIA • INDONESIA • SAKAKEMANG INDONESIA • CORRIDOR PSC Extension Updates Updates Sambar (New Field Development) • Madura (exp. 2027): MEMR signs key t
Slide 11: Power & Sustainability
SECTION Power & Sustainability Value. Focus. Growth. MEDCOENERGI | Q1 2026 Investor Update 11
Slide 12: Scaling Power, Accelerating Renewables
SCALING POWER, ACCELERATING RENEWABLES Higher sales and renewable output reinforce a more diversified power portfolio Metric 2Q26 1Q26 QoQ % 1H26 1H25 YoY % Gross Power Sales (GWh) Gross Installed Capacity² (MW) 4,550.0 Power Sales (GWh) 1,270.1 1,052.7 20.7 2,322.9 1,993.6 16.5 4,154.0 4,108.0 4,37
Slide 13: Power: One of Indonesia's Biggest Renewables Players
POWER: ONE OF INDONESIA’S BIGGEST RENEWABLES PLAYERS 2,323 GWh 1,012 MW 2,160 MW 26% Power sales (+16.5% YoY) | 25% of power sales IPP Installed Capacity (Gross) O&M Installed Capacity Renewable installed mix comes from renewables Our Projects by Energy Source and Stage of Development GAS-FIRED GEOT
Slide 14: ESG as a Cost-of-Capital Lever
ESG AS A COST -OF-CAPITAL LEVER AAA -30.0% -40.0% 26% MSCI ESG rating (Mar 2026) E&P GHG vs 2019 (achieved) Methane vs 2019 (achieved) Renewable installed mix MSCI ESG RATING JOURNEY E&P Scope 1&2 GHG (mn tCO2e) E&P Methane (k tCO2e) Renewable Mix Installed (%) ▼ 30% vs 2019 (2019–25) ▼ 40% vs 2019
Slide 15: Financial Performance
SECTION Financial Performance Value. Focus. Growth. MEDCOENERGI | Q1 2026 Investor Update 15
Slide 16: Strong Earnings Growth Across the Portfolio
STRONG EARNINGS GROWTH ACROSS THE PORTFOLIO Production growth and disciplined execution converted favorable pricing into higher earnings Metric (USD mn) 2Q26 1Q26 QoQ % 1H26 1H25 YoY % • Oil & gas revenue increased, driven by the additional 24% Revenue 746.4 668.3 11.7 1,414.7 1,146.9 23.4 Corridor
Slide 17: Cash Flow Funds Deleveraging and Shareholder Returns
CASH FLOW FUNDS DELEVERAGING AND SHAREHOLDER RETURNS Cash and equivalents of USD ~1.4 bn, up 59% YoY Metric (USD mn) 2Q26 1Q26 QoQ % 1H26 1H25 YoY % • Higher production and realized prices enhanced cash Consolidated Gross Debt 4,128.4 3,520.2 17.3 4,128.4 3,456.8 19.4 generation. RG Gross Debt¹ 3,37
Slide 18: 2026 Guidance: Beyond Production
2026 GUIDANCE: BEYOND PRODUCTION 1H26 Momentum Supports Full-Year Target with CAPEX Repositioned to Fast Track Sakakemang and DEB expansions Metric FY2026 Guidance 1H26 actual O&G production (mboepd) 165 – 170 170.1 Power sales (cumulative GWh) 4,550 2,323 O&G capex (USD mn) 450-475 (updated) 183.3
Slide 19: Appendix
SECTION APPENDIX Value. Focus. Growth. MEDCOENERGI | Q1 2026 Investor Update 19
Slide 20: Current Events
CURRENT EVENTS Oman Operations Unaffected; Other Exploration and Development Progressed; New PSC Signed Medco in the Middle East Other Exploration and Development Updates New PSC Signed: Nawasena • To date no disruption to MedcoEnergi • Amanah: Start 3D seismic acquisition of Ceria • ~7,031 km² East
Slide 21: Anchored in Indonesia, We Operate in Southeast Asia and the Middle East
ANCHORED IN INDONESIA, WE OPERATE IN SOUTHEAST ASIA AND THE MIDDLE EAST Diverse energy mix of Oil & Gas, Clean Power, and Copper & Gold Mining Assets Mexico Yemen Thailand Bualuang, Thailand South Natuna Tarakan Sea Block B West Bangkanai Block A Cendramas Onshore Receiving Bangkanai Facility, Singa
Slide 22: Diversified Oil & Gas Portfolio Across Southeast Asia and the Middle East
DIVERSIFIED OIL & GAS PORTFOLIO ACROSS SOUTHEAST ASIA AND THE MIDDLE EAST 18 20 Thailand 24 13 7 14 1 23 22 15 8 16 9 19 21 Kalimantan 2 Sulawesi Production Development 3 4 Papua Exploration 10 5 17 Oil & Gas 11 6 Java 12 Gas Pipeline West Natuna Transportation System Grissik-Batam-Singapore Grissik
Slide 23: Power and Mining Portfolio
POWER AND MINING PORTFOLIO 1 2 3 4 7 Kalimantan Sulawesi 8 Papua Java 5 6 9 10 11 12 13 Installed Production Development Development Exploration Exploration Power Copper & Gold Mining 1. Sarulla Geothermal 5. Cibalapulang Mini-hydro 9. Ijen Geothermal 12. Batu Hijau 2. Samosir Geothermal 6. Pusaka M
Slide 24: Diversified Oil & Gas Portfolio in Indonesia
Thailand DIVERSIFIED OIL & GAS PORTFOLIO IN INDONESIA 13 1 14 7 15 16 8 9 Kalimantan 2 Sulawesi 3 Papua 4 10 Production 5 Development 11 17 Exploration 6 Java 12 Oil & Gas Gas Pipeline West Natuna Transportation System Grissik-Batam-Singapore Grissik-Duri 1. Block A 7. South Natuna Sea Block B 13. T
Slide 25: Thank You
THANK YOU Value. Focus. Growth. PT Medco Energi Internasional Tbk | www.medcoenergi.com Investor Relations | investor.relations@medcoenergi.com Value. Focus. Growth. MEDCOENERGI | Q1 2026 Investor Update 25
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