Pt Trimegah Bangun Persada Tbk · IDX:NCKL
Pt Trimegah Bangun Persada Tbk — H1 2024 Earnings Presentation
25 slides from Pt Trimegah Bangun Persada Tbk's earnings presentation, August 2024
Slide 1: Analyst Call 1H24 Company Presentation
Analyst Call 1H24 Company Presentation 1H24 August 2024 tbpnickel.com
Slide 2: Table of Contents
Table of Contents Operation Overview 3 Project Updates 9 Financial Highlights 14 CSR, ESG & Sustainability 17 2
Slide 3: Operation Overview
Operation Overview 3
Slide 4: Harita Nickel's Integrated Facilities & Strategic Location
Harita Nickel's Integrated Facilities & Strategic Location Total area ± 11,500 Ha, located in South Obi Island (exclude KTS) All mines are located in the ultramafic area. Obi Island China JORC as of 2023 Limonite 225.0 Mn wmt. Saprolite 76.9 Mn wmt. Total reserves and resources 301.9 Mn wmt. Dedicat
Slide 5: Mining Operations
Mining Operations Mining Production Output (million wmt) Nickel Ore Sales (million wmt) 20.75 15.38 YoY YoY 14% 29% 9.08 10.72 14.66 10.67 8.37 7.77 9.34 6.49 6.29 3.59 4.97 7.38 5.89 6.48 4.30 3.22 6.30 6.09 2.03 2.36 4.43 3.28 3.41 2.86 1.56 1.88 2.19 0.86 FY21 FY22 FY23 1H23 1H24 FY21 FY22 FY23 1
Slide 6: HPAL Operations
HPAL Operations HPAL Production Output (in metal ton) HPAL Sales Volume (in metal ton) 55,000 YoY 46,093 MHP Ni (28%) 42,251 YoY NiSo4 (598%) MHP Ni (-31%) 63,655 NiSo4 (1,471%) 38,334 42,310 27,500 30,002 23,969 18,978 19,528 14,778 12,671 16,494 13,349 15,641 3,178 2,797 3,839 5,317 2,551 1,811 5,
Slide 7: RKEF Operations
RKEF Operations FeNi Production Output (in metal ton) FeNi Sales Volume (in metal ton) 90,000 101,538 YoY 100,891 YoY 69% 70% 60,000 63,414 63,999 37,550 37,756 26,047 25,372 26,182 25,302 FY21 FY22 FY23 1H23 1H24 FY21 FY22 FY23 1H23 1H24 Notes: nameplate capacity • In FY21 - FY22, FeNi production o
Slide 8: Production Capacity Growth Plans (Total Tons Contained Ni/Year)
Production Capacity Growth Plans (Total Tons Contained Ni/Year) 425,000*) Mixed Hydroxide Precipitate (MHP) Nickel Sulfate (NiSo4) & Cobalt Sulfate (CoSo4) 120,000 Intermediate nickel product produced Material for precursor electric vehicle battery. by HPAL process. 240,000 MHP 175,000 FeNi Ferronic
Slide 9: Project Updates
roject. Updates se
Slide 10: HPAL (ONC) - MHP Plant
HPAL (ONC) - MHP Plant Autoclave CCD tank 3 lines production 98% • Production lines : Full capacity on August 2024. 1st line, commenced on April 2024, full capacity in May 2024 (ramp up within 1 month). 2nd line commenced on June 2024, full capacity in July 2024 (ramp up within 1 month). 3rd line co
Slide 11: RKEF (KPS) – 1st Phase Construction
RKEF (KPS) – 1st Phase Construction 1st phase progress – 4 lines Whole project 53% 1st phase • Start production • Production lines • Capacity : 1st phase 1Q25. : 4. : 60,000 tons contained Whole project • Production lines • Capacity : 12. : 185,000 tons contained Ni/year of FeNi. Construction comple
Slide 12: Mining (GTS) – Preparation Phase
Mining (GTS) – Preparation Phase Geological map and test pit Jetty and road construction JORC as of 2023 (only cover 20% mining area) Total area Limonite 26 Mn wmt. ± 2,300Ha, located Saprolite 12 Mn wmt. in South Obi Total reserves and resources 38 Mn wmt. Island. Exploration progress as of 2024 Dr
Slide 13: Joint Venture Updates
Joint Venture Updates Bhakti Bumi Sentosa (BBS) – Tailing Recycling Plant Cipta Kemakmuran Mitra (CKM) – Quicklime Plant Joint venture Joint Venture Establishment date • Halmahera Persada Establishment date 21 May 2024. 21 May 2024. • Trimegah Bangun Persada, Lygend (HPL) – 94.24%. Tbk (TBP) – 40%.
Slide 14: Financial Highlights
Financial Highlights 14
Slide 15: Highlights Profit & Loss Statement – 1H24
Revenue Gross Profit and Margin 48% 55% 49% 35% 34% 30% Highlights CAGR (1) 80% CAGR (1) 62% Profit & Loss 1,564 23,858 YoY (2) 25% 543 8,276 YoY (2) 9% 314 Statement – 1H24 279 575 8,229 643 9,568 680 10,242 805 12,804 134 315 4,514 4,675 232 3,499 240 3,822 1,957 4,072 ▪ Revenue growth driven by F
Slide 16: ASP, Cash Cost and Cash Margin 1H24 (Mining & Processing Business)
ASP, Cash Cost and Cash Margin 1H24 (Mining & Processing Business) Mining Products (USD/wmt) HPAL Products (USD/mt) RKEF Product (USD/mt) Limonite Saprolite MHP Ni NiSO₄ CoSO₄ FeNi 17,025 11,294 14,495 34 12,983 8,371 9,097 21 8,499 7,928 16 6,867 6,116 5,996 13 10 2,923 6 ASP Cash Cost Cash Margin
Slide 17: ESG, CSR & Sustainability
ESG, CSR & Sustainability 17
Slide 18: Standard to Secure Responsibly Sourced Minerals in Harita Nickel Supply Chains
Standard to Secure the Responsibly Sourced High Standard to Answer the Global Demand for Minerals in Harita Nickel Supply Chains. More Socially and Environmentally Mining. RMI RMAP progress (HPL) Progress • Audit completed (minor non-conformance). • Self-assessment completed. • Compliant status expe
Slide 19: Expansion the Sustainable Energy Initiatives and Decarbonization 1H24
Expansion the Sustainable Energy Initiatives and Decarbonization 1H24 No Current initiative (1H24) Expansion of initiatives • H1 2024 sustainable energy initiatives: 784,669 of tons CO2 emissions avoided and 6,519,985 GJ 1 Cooking oil reuse as coal replacement for energy Coal gas utilization for imp
Slide 20: Ecosystem and Environment 1H24
Ecosystem and Environment 1H24 Size of Sediment Pond >500 olympic-sized swimming pools. Equipped with “sparing” device – an online monitoring system related Reforestation Produce 476,000 - 479,000 seeds/year. Water 232.09 ha Total coverage area for reclamation. to the measurement of PH, TSS, and wat
Slide 21: Ecosystem and Environment 1H24
Ecosystem and Environment 1H24 O >67,700 Planted mangroves with 23ha total coverage area. Coal Dome – indoor coal storage. Marine Conservation 1,696 Artificial reefs with 667m2 total coverage area. 2 Air (600 x 140 meter ~ 300,000 mt). 4,500ha of watershed area. Mangrove planting Artificial reefs Wa
Slide 22: Commercial Area in New Kawasi Village (as of July 2024)
Commercial Area in New Kawasi Village (as of July 2024) Block B Block D Infrastructure Road construction to port Block A Block C 209 stores in the commercial area still on progress, where as infrastructure (road & drainage) is finished. Block B Block C Commercial area progress: - Block B (Industrial
Slide 23: Community Development & Empowerment Program 1H24
Community Development & Empowerment Program 1H24 Health Service Education Socio Culture Social activities Village maternity shelter (Polindes) - numbers of visits Harita mengajar - number of participants Orphans donations - number of participants Supplementary food for maternal and child malnutritio
Slide 24: Community Development & Empowerment Program 1H24
Consumer Community Development & Empowerment Program 1H24 Products 715 65 21 Job Creation Local Suppliers Farmers Group Highest transaction amount/month IDR 14 Bn (~USD 860k) IDR 12.4 Bn (~USD 773k) as of 1H23 24
Slide 25: Thank You
THANK YOU For futher information: PT Trimegah Bangun Persada Tbk | Headquarters, Panin Bank Building, Jendral Sudirman Kav.1 | Jakarta 102720 – Indonesia | Tel. +62 – 21 - 5722924 | Fax. +62 – 21 – 72789908. Email: lukito.gozali@haritanickel.com | investor.relations@haritanickel.com. 25
PT Trimegah Bangun Persada — H1 2024 Earnings Presentation on 6ix