Pt Rmk Energy Tbk · IDX:RMKE
Pt Rmk Energy Tbk — Q2 2024 Earnings Presentation
38 slides from Pt Rmk Energy Tbk's earnings presentation, Aug 5, 2024
Slide 1: Analyst Meeting 2Q 2024 Result Announcement
ANALYST MEETING 2Q 2024 RESULT ANNOUNCEMENT PT RMK ENERGY TBK [RMKE] Integrated Logistics and Commodity Company
Slide 2: Disclaimer
DISCLAIMER This presentation material was prepared by PT RMK Energy Tbk. (“RMKE”/“Company”) and has not been independently verified. No representation or warranty, express or implied, is made and no reliance is made on the accuracy or completeness of the information presented or contained in this pre
Slide 3: Chapter 1: Company Profile
QO RMKE CHAPTER 1 COMPANY PROFILE / — pil
Slide 4: Why Invest in RMKE
WHY INVEST in RMKE 01 STRATEGIC ASSETS LOCATION 06 SUSTAINABLE PROFITABILITY ● Located in a strategic area and pioneer in South Sumatra Net profit CAGR 37.6%* ● New strategic assets in Jambi 07 SOLID BALANCE SHEET 02 INTEGRATED COAL LOGISTICS SERVICE DER 0.48 time** ● The only private coal logistics
Slide 5: Management Team
MANAGEMENT TEAM 1. Vincent Saputra 3. Jennifer Angeline President Director Finance Director 2. William Saputra 4. Sugiyanto Tjoa Operations Director Director 2 1 3 4 5
Slide 6: RMK Energy Provides an Integrated Coal Logistic Solutions in Sumatra
RMK ENERGY PROVIDES AN INTEGRATED COAL LOGISTIC SOLUTIONS IN SUMATRA 6
Slide 7: In-House Mining in Sumatra
IN-HOUSE MINING IN SUMATRA South Sumatra ● Resources 148,3 mn mt ● Proven reserve 75 mn mt ● GAR: 3,000 - 4,200 ● Stripping ratio: 4.0 Jambi ● Resources 537.7 mn mt ● Proven reserve 180 mn mt ● GAR: 3,917 ● Stripping ratio: 3.6 Jambi South Sumatra PT Sinar Anugerah Sukses (SAS), PT Truba Bara PT Anu
Slide 8: Gunung Megang Loading Station
GUNUNG MEGANG LOADING STATION Loading station The first private Daily capacity with Train Loading loading station in 5 train set or System (TLS) Muara Enim 14,000 ton 8
Slide 9: Dedicated Coal Hauling Roads in Sumatra
DEDICATED COAL HAULING ROADS IN SUMATRA 8 km to Aim to have 40 Aim to have Kramasan km to Enim and 109 km in port in 40 km to Lahat in Jambi South South Sumatra (on progress) Sumatra (on progress) 9
Slide 10: Unloading Station in Simpang
UNLOADING STATION IN SIMPANG 4 container Capacity Shifting technology to bottom yards 16 dump / side dump unloading trainset/day process (2023) 10
Slide 11: Musi 2 Kramasan Port
MUSI 2 KRAMASAN PORT Integrated 3 line barge loading 50 ha stockpile Aim to have with 8 km conveyor, The capacity are with capacity new port in hauling road 6 barges/day equivalent 600K ton Jambi 15K ton/line/day 11
Slide 12: Coal Logistics Business Process
COAL LOGISTICS BUSINESS PROCESS Carrying coal Gunung Megang Coal logistic by Simpang Kramasan Port from in-house Loading Station train Unloading Station with 3 lines barge and third parties with Train Loading with 5 Tracks loading conveyors mining System (TLS) and Container Yard Others Loading and G
Slide 13: The Competitiveness of RMKE's Logistics Services
THE COMPETITIVENESS OF RMKE’S LOGISTICS SERVICES Mode of Tariff Volume/ Strategic Socio-economic transportation frequency location context Railway Rp775-900/ ̴2,800 ton/ ̴ 9 6 The integration of ton/km train Nautical Mile hauling road and railway Competitiveness: Competitiveness: Competitiveness: Co
Slide 14: Strategy & Target
CHAPTER 2 STRATEGY & TARGET 14
Slide 15: Strategy 2024
STRATEGY 2024 01 Continuing the construction of hauling roads to open access towards coal production integrated 03 Optimizing collaboration within the RMK Grup Indonesia to improve group performance with RMKE facilities ● RMKE & RMK collaboration to acquire 3 mines in ● Aims to have 40 km to Enim (o
Slide 16: Unlocking Coal Potential in Jambi
UNLOCKING COAL POTENTIAL IN JAMBI Why expand to Jambi? Alternative coal logistics The coal reserve remains substantial Dedicated coal hauling road Coal resources 3.4 bn mt Aims to have 109 km in Jambi Coal reserves 1.5 bn mt Low stripping ratio and low production volume Logistic challenge: Integrate
Slide 17: Acquire In-House Mining in Jambi
ACQUIRE 3 IN-HOUSE MINING IN JAMBI In-house mining ● PT Sinar Anugerah Sukses ● Resources 537.7 mn mt ● PT Anugerah Jambi Coalindo ● Proven reserve 180 mn mt ● GAR: 3,917 ● PT Bakti Sarolangun Sejahtera ● Stripping ratio: 3.6 17
Slide 18: Mines Acquisition Transaction
MINES ACQUISITION TRANSACTION Pre Acquisition Post Acquisition PT RMKE PT RMKI PT RMKE PT RMKI PT RMK Energy Tbk PT RMK Investama PT RMK Energy Tbk PT RMK Investama Sub-holding Co Holding Co Sub-holding Co Holding Co 99,99% 0,01% 99,99% 0,01% PT RMT PT RMK PT RMT PT RMK PT Royaltama Mulia Tambang PT
Slide 19: 2Q 2024 Performance Highlight
2Q 2024 PERFORMANCE HIGHLIGHT SUSTAINABLE SOLID STRONG PROFITABILITY BALANCE SHEET OPERATIONS Operating revenue Equity Coal sales volume 2Q 2024 +25.3% YoY to IDR 652.3 bn +5.6% to IDR 1.6 tn 2Q 2024 +7.9% YoY to 434.2 k mt 6M 2024 -3.5% YoY to IDR 1.2 tn 6M 2024 +6.5% YoY to 1.2 mn mt Financial deb
Slide 20: Our Target Achievement in 2Q 2024
OUR TARGET ACHIEVEMENT IN 2Q 2024 2024 2Q 2024 Achievement No a b b/a Indicator Unit Target Actual % Unloading train mn MT 10.2 4.0 39.6 Coal Services Loading barge mn MT 9.2 3.9 41.9 1 Operational Coal Sales In-house & third parties mn MT 3.3 1.2 36.2 Overburden removal mn Bcm 7.2 1.4 18.7 In-house
Slide 21: Corporate Outlook
CORPORATE OUTLOOK No 2024 2025 2026 2027 2028 Indicator Unit Projection Projection Projection Projection Projection Unloading train mn MT 10.2 12.3 14.1 16.5 18.8 Coal Services Loading barge mn MT 9.2 11.3 13.1 15.5 17.8 1 Operational Coal Sales In-house & third parties mn MT 3.3 4.6 6.2 8.1 9.9 Ove
Slide 22: Operational Performance
CHAPTER 3 OPERATIONAL PERFORMANCE 22
Slide 23: RMKE Reaches the Highest Service Volume in June 2024
RMKE REACHES THE HIGHEST SERVICE VOLUME IN JUNE 2024 Barge Loading Volume 2Q 2024 +10.7% YoY or +35.5% QoQ to 2.2 mn mt 6M 2024 -9.5% YoY to 3.9 mn mt 4.3 3.9 2.0 2.2 1.6 2Q 2023 1Q 2024 2Q 2024 6M 2023 6M 2024 Barge loading volume in million metric ton (mn mt) 23
Slide 24: Price and Volume Drives Sales Segment Growth
PRICE AND VOLUME DRIVES SALES SEGMENT GROWTH Coal Sales Volume & ASP Coal sales volume Average selling price 2Q 2024 +7.9% YoY to 434.2k mt 2Q 2024 +4.0% YoY to IDR 676.7k 6M 2024 +6.5% YoY to 1.2mn mt 6M 2024 -9.9% YoY to IDR 644.8k 715.7 676.7 650.6 644.8 623.1 1.19 1.12 0.76 0.43 0.40 2Q 2023 1Q
Slide 25: Financial Performance
CHAPTER 4 FINANCIAL PERFORMANCE 25
Slide 26: Brighter Weather, Brighter Performance
BRIGHTER WEATHER, BRIGHTER PERFORMANCE Operating Revenue Coal Sales Segment Coal Services Segment 2Q 2024 +25.3% YoY to IDR 652.3 bn 2Q 2024 +51.7% YoY to IDR 477.3 bn 2Q 2024 -15.1% YoY to IDR 175.0 bn 6M 2024 -3.5% YoY to IDR 1.2 tn 6M 2024 +8.7% YoY to IDR 935.6 bn 6M 2024 -28.3% YoY to IDR 302.6
Slide 27: Gross Profit Growingly Improves in 2Q 2024
GROSS PROFIT GROWINGLY IMPROVES IN 2Q 2024 Gross Profit Coal Sales Segment Coal Services Segment 2Q 2024 +6.5% YoY to IDR 120.9 bn 2Q 2024 +148.5% YoY to IDR 72.2 bn 2Q 2024 -42.4% YoY to IDR 48.7 bn 6M 2024 -35.6% YoY to IDR 192.4 bn 6M 2024 -12.3% YoY to IDR 106.8 bn 6M 2024 -51.7% YoY to IDR 85.7
Slide 28: RMKE Books Bigger Net Profit in 2Q 2024
RMKE BOOKS BIGGER NET PROFIT IN 2Q 2024 EBIT EBITDA Net Profit 2Q 2024 +7.2% YoY to IDR 105.0 bn 2Q 2024 +14.2% YoY to IDR 129..2 bn 2Q 2024 +7.3% YoY to IDR 75.2 bn 6M 2024 -41.9% YoY to IDR 156.5 bn 6M 2024 -33.8% YoY to IDR 198.6 bn 6M 2024 -43.0% YoY to IDR 113.5 bn 23.4% 21.0% 21.7% 18.8% 19.8%
Slide 29: Cost of Revenue Contribution
COST OF REVENUE CONTRIBUTION Coal Sales Segment Coal Services Segment 3.3% 3.3% 100% 17.1% 2.4% 100% 4.2% 9.8% 18.4% 77.8% 19.8% 20.4% 21.8% Coal Coal Rental Transportation Others Total Rent Repair and Fuel Depreciation Salary and Others Total purchase production maintenance allowance The cost of re
Slide 30: Solid Balance Sheet Meets Credit Covenants
SOLID BALANCE SHEET MEETS CREDIT COVENANTS Asset Liability Equity +1.3% to IDR 2.3 tn -7.1% to IDR 708.3 bn +5.6% to IDR 1.6 tn 1.86 1.89 1.84 0.52 29.12 0.46 2.3 0.45 2.2 2.2 21.94 1.6 11.61 1.5 1.5 0.8 0.7 0.7 4Q 1Q 2Q 4Q 1Q 2Q 4Q 1Q 2Q 2023 2024 2024 2023 2024 2024 2023 2024 2024 Asset Liability
Slide 31: RMKE Meets the Minimum Requirements of Credit Covenant
RMKE MEETS THE MINIMUM REQUIREMENTS OF CREDIT COVENANT (currency in billion IDR, unless stated otherwise) INDICATOR 4Q 2023 1Q 2024 2Q 2024 Chg (%) FINANCIAL DEBT Short Term Debt Short Term Bank Loans Current Maturity Long Term Liabilities 343.5 316.0 319.2 (7.1) 83.8% Bank Loan 64.2 65.7 52.9 (17.5
Slide 32: Managing Healthy Cash Flow
MANAGING HEALTHY CASH FLOW Cash Flow from Operating Cash Flow from Investing Cash Flow from Financing 6M 2024 +85.6% YoY to IDR 171.3 bn 6M 2024 +1.0% YoY to IDR -58.0 bn 6M 2024 -14.7% YoY to IDR -99.2 bn 171.3 153.0 92.3 46.8 71.9 18.3 (3.0) (9.8) 2Q 1Q 2Q 6M 6M (19.9) 2023 2024 2024 2023 2024 (10
Slide 33: Appendix
QO RMKE CHAPTER 5 APPENDIX
Slide 34: Consolidated Operational Performance
CONSOLIDATED OPERATIONAL PERFORMANCE (in metric ton, unless stated otherwise) INDICATOR 2Q 2023 1Q 2024 2Q 2024 YoY (%) QoQ (%) 6M 2023 6M 2024 YoY (%) a b c c/a c/b d e e/d COAL SALES Coal sales 402,451.3 760,389.6 434,172.7 7.9 (42.9) 1,121,735.9 1,194,562.3 6.5 Average selling price 650,621.8 623
Slide 35: Consolidated Statements of Profit (Loss)
CONSOLIDATED STATEMENTS OF PROFIT (LOSS) (currency in billion IDR, unless stated otherwise) INDICATOR 2Q 2023 1Q 2024 2Q 2024 Chg (%) 6M 2023 6M 2024 Chg (%) REVENUES Coal Sales 314.7 458.3 477.3 51.7 860.4 935.6 8.7 Services 206.0 127.6 175.0 (15.1) 422.2 302.6 (28.3) Total Operating Revenues 520.7
Slide 36: Consolidated Statements of Financial Position
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (currency in billion IDR, unless stated otherwise) INDICATOR 4Q 2023 1Q 2024 2Q 2024 Chg (%) ASSETS Current Assets 1,208.7 1,127.3 1,183.7 (2.1) Non Current Assets 1,038.9 1,082.5 1,092.5 5.2 Total Asset 2,247.7 2,209.8 2,276.2 1.3 LIABILITIES Current Li
Slide 37: Consolidated Statements of Cash Flow
CONSOLIDATED STATEMENTS OF CASH FLOW (currency in billion IDR, unless stated otherwise) INDICATOR 2Q 2023 1Q 2024 2Q 2024 Chg (%) 6M 2023 6M 2024 Chg (%) CASH FLOW Cash Flows From Operating 71.9 153.0 18.3 (74.5) 92.3 171.3 85.6 Cash Flows From Investing Activities (3.0) (19.9) (9.8) 224.3 (57.5) (5
Slide 38: Thank You
RMKE Investor & Public Relations PT RMK Energy Tbk Wisma RMK Lantai 2 Jalan Puri Kencana Blok M4/1 Jakarta Barat, DKI Jakarta 11610 (021) 582 2555 Thank You rmkenergy.com rmke.official PT RMK Energy Tbk