Pt Indo Tambangraya Megah Tbk · IDX:ITMG
Pt Indo Tambangraya Megah Tbk — Q1 2026 Earnings Presentation
25 slides from Pt Indo Tambangraya Megah Tbk's earnings presentation, May 18, 2026
Slide 1: Analysts Meeting 1Q26 Performance Result
Analysts Meeting 1Q26 Performance Result 18 May 2026
Slide 2: Agenda
AGENDA 01 02 03 04 05 Highlights Coal market Operational Financial Q&A session trends updates updates
Slide 3: Disclaimer
DISCLAIMER The information contained in this presentation is intended solely for your reference. This presentation contains “forward -looking” statements that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements, other than statements of
Slide 4: Highlights
Nit | OUR WAY IN ENERGY Highlights
Slide 5: ITM 1Q26 highlights
ITM 1Q26 highlights Operational performance 2025 final dividend distribution ITM announced its 2025 final dividend at the Annual General Meeting of Production Sales Shareholders with a total dividend amount of $ 115 million, representing a 4.7 Mt 6.3 Mt 60 % payout ratio . -20% QoQ / -12% YoY -8 % Q
Slide 6: Navigating external challenges in mining business
Navigating external challenges in mining business Regulatory changes Cost pressure Mine operation and planning Geopolitical Market volatility dynamic Coal sourcing Logistics and and trading freight Sales Cost optimization control ITM’s response to external challenges through operational and financia
Slide 7: Optimizing operational activities across the supply chain
Optimizing operational activities across the supply chain Mine operation and planning Coal sourcing and trading Logistics and freight Optimize production pace Third party coal supplier expansion Port operation optimization To maintain production pace To diversify the sourcing To optimize vessel in l
Slide 8: Managing revenue and costs to support profitability
Managing revenue and costs to support profitability Sales optimization Cost control Improve fuel efficiency by managing hauling distance through proper mine planning and road maintenance. Harness coal Capture premium Strengthen customer Monitor heavy equipment idle time, lost blending capability mar
Slide 9: Coal market trends
Nit | OUR WAY IN ENERGY 02 Coal market trends
Slide 10: Global thermal coal market
Global thermal coal market Coal demand and supply change – 2026e vs 2025 Demand trends Overall, global thermal coal demand is being shaped by LNG supply disruption Unit: Mt Demand Supply due to the Middle East conflict, which are encouraging fuel switching toward coal in key consumption markets and
Slide 11: Coal price and sales summary
Coal price and sales summary ITM ASP vs BENCHMARK PRICES Unit: $/t 450 8 May 2026 NEX ICI 3 $133.4/t $80.7/t 300 ITM ASP 1Q26: $79.4/t 6% QoQ / -3% YoY 150 Monthly NEX March $136.1/t 1Q26 ITM ASP SALES VOLUME $79.4/t Monthly ICI 3 March $ 73.8 /t 1Q26: 6.3 Mt -8% QoQ / 6 % YoY 0 2017 2018 2019 2020
Slide 12: ITM coal sales
ITM coal sales 1Q26 coal sales volume based on sales destination 1Q26 coal sales % Others 9% Thailand 5% China 32% India 5% 2.0 Mt Philippines 7% 1Q26 1.5 Mt sales actual 6.3 Mt 0.1 Mt Korea Indonesia Japan 19% 0.2 Mt Japan 24% China 0.3 Mt 0.1 Mt Bangladesh India Hong Kong 6M26 Indicative coal sale
Slide 13: Operational updates
Nit | OUR WAY IN ENERGY Operational updates
Slide 14: Coal mining operational summary
Coal mining operational summary Target production 2Q26: 1H26: IMM Indominco Mandiri 5.4 Mt 10.1 Mt GPK 2Q26 target : 1.8 Mt Graha Panca Karsa 2Q26 target : 0.6 Mt EAST Coal production KALIMANTAN 5.3 5.8 IMM 4.7 GPK TCM TCM Trubaindo Coal Mining 2Q26 target : 0.8 Mt 1Q25 4Q25 1Q26 TIS BEK CENTRAL KAL
Slide 15: Operational update – Indominco Mandiri
Operational update – Indominco Mandiri 1Q26 Actual: Quarterly production (Mt) IMM Indominco Mandiri 1.6 Mt 1.9 1.8 1.6 1.6 1Q25 4Q25 1Q26 2Q26e SR ( bcm /t) 12.1x 12.4x 12.8x 12.8x EAST KALIMANTAN Comments ▪ 1Q26 production achieved at 1.6 Mt with strip ratio of 12.8x. ▪ 2Q26 production is targeted
Slide 16: Operational update – Trubaindo Coal Mining
Operational update – Trubaindo Coal Mining 1Q26 Actual: Quarterly production (Mt) TCM Trubaindo Coal Mining 0.7 Mt 1.0 0.8 0.6 0.7 1Q25 4Q25 1Q26 2Q26e SR ( bcm /t) 7.6x 10.4x 11.6x 11.6x EAST KALIMANTAN Comments ▪ 1Q26 production reached 0.7 Mt with higher strip ratio at 11.6x due to heavier rainfa
Slide 17: Operational update – Bharinto Ekatama
Operational update – Bharinto Ekatama 1Q26 Actual: Quarterly production (Mt) BEK Bharinto Ekatama 1.7 Mt 2.4 2.4 1.9 1.7 1Q25 4Q25 1Q26 2Q26e SR ( bcm /t) 7.9x 6.9x 9.0x 9.6x EAST KALIMANTAN Comments ▪ 1Q26 production achieved as target at 1.7 Mt with strip ratio CENTRAL of 9.0x. KALIMANTAN ▪ 2Q26 p
Slide 18: Operational update – other mines
Operational update – other mines GPK TIS NPR Quarterly production (Mt) Graha Panca Karsa Tepian Indah Sukses Nusa Persada Resources 1Q26 Actual: 0.5 Mt 1Q26 Actual: 0.1 Mt 1Q26 Actual: 0.1 Mt 0.1 0.1 0.2 TIS 0.1 0.1 0.6 0.5 0.5 0.6 GPK 1Q25 4Q25 1Q26 2Q26e SR ( bcm /t) - - 10.4x - NPR 17.9x 13.4x 25
Slide 19: Financial updates
Nim | OUR WAY IN ENERGY ~~ 04 Financial updates
Slide 20: Financial performance – profitability
Financial performance – profitability INCOME STATEMENT REVENUE EBITDA Unit: $ Mn Unit: $ Mn 106 512 498 91 92 483 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 Average selling price ($/ton) 81.7 74.8 79.4 NET PROFIT Gross profit ($ Mn) 135 156 133 Unit: $ Mn Operating Income ($ Mn) 81 87 76 66 61 Gross profit margi
Slide 21: Financial performance – cost
Financial performance – cost TOTAL COST BREAKDOWN Unit: $/ton STRIP RATIO Unit: (X) 64.9 59.8 66.3 10.4 8.8 9.3 9.0 9.5 9.3 Royalty 1Q25 4Q25 1Q26 55.8 57.0 50.3 SG&A expenses 1Q25 4Q25 1Q26 D&A expenses Other production costs * FUEL PRICE Unit: $/ liter 0.81 0.79 0.82 Mining cost 1Q25 4Q25 1Q26 1Q2
Slide 22: Financial position
Financial position BALANCE SHEET Unit: $ Mn TOTAL ASSETS DEBT TO EQUITY Borrowing Borrowing 39 38 As of 31 Mar 2026 As of 31 Mar 2026 Other Other Liabilities Cash Liabilities 459 Cash 442 $2,405Mn 0.02x 808 747 FY25: $2,406Mn FY25: 0.02x NET GEARING ACTUAL CAPEX Total Total As of 31 Mar 2026 During
Slide 23: Q&A session
NITM O05 Q&A session
Slide 24: QoQ and YoY financial performance
QoQ and YoY financial performance Unit: US$ thousand 1Q26 4Q25 QoQ (%) 1Q25 YoY(%) Net Revenues 497,577 511,891 (3%) 482,516 3% Gross Profit 132,753 155,827 (15%) 135,350 (2%) Gross Profit Margin 27% 30% 28% Selling Expenses (43,356) (50,858) (15%) (42,624) 2% General And Administration Expenses (13
Slide 25: ITM group structure
ITM group structure PT Indo Tambangraya Megah Tbk . INDONESIAN STOCK EXCHANGE (65% shares owned by Banpu and 35% by Public 1) IPO 18 th Dec 2007 (Ticker: ITMG) 2 99.99% 99.99% 99.99% 99.99% 70.00% 99.99% 99.99% 99.99% 99.99% 70.00% PT Energi Batu PT ITM Bhinneka Power Bara Perkasa Renewable Investme
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