Pt Merdeka Battery Materials Tbk · IDX:MBMA
Pt Merdeka Battery Materials Tbk — FY2023 Earnings Presentation
9 slides from Pt Merdeka Battery Materials Tbk's earnings presentation, Mar 27, 2024
Slide 1: FY2023 Financial Highlights
Merdeka Battery Materials FY2023 Financial Highlights 27th March 2024 IDX: MBMA I www.merdekabattery.com
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by PT Merdeka Battery Materials Tbk (the “Company” or “MBMA”) and its subsidiaries and consists of written materials/slides for a presentation concerning the Company. By reviewing/attending this presentation, you agree to be bound by the following consi
Slide 3: FY2023 Financial Highlights
FY2023 Financial Highlights Revenue and EBITDA increased to US$1.3 billion (+192% YoY) and US$98 million (+103% YoY), respectively, driven by record NPI and nickel matte production. Revenue growth is underpinned by record production of 65,117 tonnes of NPI and 30,333 tonnes of nickel in nickel matte
Slide 4: Financial Highlights
Financial Highlights In US$ million FY2023 FY2022 Commentary Consolidated Profit & Loss • A significant increase in revenue of US$335 million is attributable to Revenue 1,328 456 higher NPI production volume following the successful commissioning and ramp-up of the ZHN RKEF smelter in June 2023 and
Slide 5: Revenue Contribution
Revenue Contribution Revenue (US$ million) Commentary Revenue increase is attributable to: HGNM NPI Limonite • A 92% increase in NPI sales for total sales of 64,526 tonnes, following the successful commissioning and ramp-up of the ZHN RKEF smelter in June 2023 and full 1,328 16 year of contribution
Slide 6: EBITDA Contribution
EBITDA Contribution EBITDA (US$ million) Commentary • MBMA generated an EBITDA of US$98 million, NPI Nickel Matte SCM Mine Others representing an increase of 103% compared to FY2022, supported by a strong performance in 2H 2023 • Higher EBITDA is attributable to the additional production of nickel i
Slide 7: Project Developments
Project Developments AIM Project • MBMA is continuing to conduct SCM Mine • MBMA is targeting ore sales of internal testing in preparation 4.0 – 5.0 million wmt of for the commissioning of the saprolite and 10.0 – 11.0 AIM Project with the first acid million wmt of limonite in train expected to star
Slide 8: Summary and 2024 Guidance
Summary and 2024 Guidance NPI and nickel matte production guidance of 85,000 to 92,000 tonnes at a total cash cost of US$10,000 to 12,000/t and 50,000 to 55,000 tonnes at a total cash cost of US$13,000 to 15,000/t, respectively. Ore sales guidance of 4.0 – 5.0 million wmt of saprolite and 10.0 – 11.
Slide 9: Investment Highlights
Investment Highlights Globally Significant Resource PT Merdeka Battery Materials Tbk The SCM mine is one of the world’s largest nickel resources containing 13.8Mt of nickel and 1.0Mt of cobalt, attracting th Floor Treasury Tower 69downstream JV opportunities with leading strategic partners District
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