Pt Sunindo Pratama Tbk · IDX:SUNI

Pt Sunindo Pratama Tbk — Q1 2024 Earnings Presentation

20 slides from Pt Sunindo Pratama Tbk's earnings presentation, May 7, 2024

  1. Slide 1: Analyst Meeting Financial Performance 1Q-2024

    Analyst Meeting Financial Performance 1Q-2024 Jakarta, 7 May 2024 1

  2. Slide 2: Why Invest in SUNI?

    Why Invest in SUNI? STRATEGIC SEAMLESS PIPES DOMESTIC CAPTIVE ALIGNED WITH GOVERNMENT 01 ASSET 02 PIONEER 03 MARKET 04 POLICY ON TKDN PT Rainbow Tubulars Manufacture (RTM) as The only company in Indonesia, Underserved markets for tubing High local content (TKDN) in-house OCTG tubing producers provid

  3. Slide 3: Strategy & Target

    Chapter 2 Strategy & Target 3

  4. Slide 4: Our Strategic Plan in 2024

    Our Strategic Plan in 2024 01 Increasing the production capacity of seamless pipe/OCTG tubing ● Increasing capital injection by IDR152.8 Bn to expand capacity (done) ● Groundbreaking of RTM plant 2 (done) ● Continuing the construction of plant 2 and the supporting facilities (in progress) 02 Product

  5. Slide 5: Management Highlight 1Q 2024

    Management Highlight 1Q 2024 Sustainable Solid Balance Improving Strong Profitability Sheet Cash Flow Operations Operating revenues Equity Operating activities Sales volume +15.1% YoY to IDR162.7 bn +5.7% to IDR621.5 bn +119.0% YoY to net cash IDR12.3 bn OCTG tubing +35.6% YoY to 3,853.8 ton Gross pr

  6. Slide 6: Our Target Achievement in 2024

    Our Target Achievement in 2024 FY 2024 1Q 2024 Achievement No Indicator Unit Target Actual % High grade K ton 8.0 0.5 6.2 OCTG tubing Low grade K ton 12.0 3.4 28.0 1 Operational Total K ton 20.0 3.9 19.3 OCTG casing K ton 8.8 1.6 17.7 Wellhead & X’mas Tree unit 98.0 2.0 2.0 Operating revenue billion

  7. Slide 7: Operational Performance

    Chapter 3 Operational Performance 7

  8. Slide 8: OCTG Tubing Performance

    OCTG Tubing Performance OCTG Sales Volume (ton) 1Q2024 +35.6% YoY to 3,853.8 ton Achieved 19.3% target FY 2024 CAGR* 36.4% 20,000 3,853.8 2,842.5 OCTG segment in 1Q 2024: Tubing low grade : 87.1% Tubing high grade : 12.9% 1Q 2023 1Q 2024 Target 2024 *CAGR 2018-2023 8

  9. Slide 9: OCTG Casing Performance

    OCTG Casing Performance OCTG Casing Sales Volume 1Q 2024 +11,780.6% YoY to 1,562.5 ton Achieved 17.7% target FY 2024 CAGR* 16.9% 8,812.7 1,562.5 13.2 1Q 2023 1Q 2024 Target 2024 *CAGR 2018-2023 in ton 9

  10. Slide 10: Wellhead & X'mas Tree Performance

    Wellhead & X’mas Tree Performance Wellhead & X’mas Tree (unit) 1Q2024 -81.8% YoY to 2 unit Achieved 2.0% target FY 2024 CAGR* 10.6% 98 22 2 1Q 2023 1Q 2024 Target 2024 10

  11. Slide 11: Energy Usage Efficiency

    Energy Usage Efficiency Electricity (kWH/ton) Gas (mmbtu/ton) 1Q 2024 -16.8% YoY 1Q 2023 -22.3% YoY 4.3 1,010.5 840.5 3.3 1Q 2023 1Q 2024 1Q 2023 1Q 2024 11

  12. Slide 12: Financial Performance

    Chapter 4 Financial Performance 12

  13. Slide 13: The OCTG Sales Contributes the Most to Top Line

    The OCTG Sales Contributes the Most to Top Line Operating Revenues Sales Segment Service Segment 1Q 2023 +15.1% YoY to IDR162.7 bn 1Q 2023 +15.1% YoY to IDR162.2 bn 1Q 2023 +9.5% YoY to IDR0.5 bn Achieved 17.6% target FY 2024 CAGR* 18.5% 162.7 162.2 141.3 140.9 Operating revenues segment Sales 99.7%

  14. Slide 14: Gross Profit Increases Continuously

    Gross Profit Increases Continuously Gross Profit Sales Segment Service Segment 1Q 2023 +67.2% YoY to IDR60.3 bn 1Q 2024 +67.7% YoY to IDR59.9 bn 1Q 2024 +23.5% YoY to IDR428 mn Achieved 28.4% target FY 2024 CAGR* 19.8% 37.1% 36.9% 25.5% 25.4% 60.3 80.9% 59.9 71.7% Operating revenues segment 36.1 35.7

  15. Slide 15: Net Profit Increases by 68.6% YoY in 1Q 2024

    Net Profit Increases by 68.6% YoY in 1Q 2024 Net Profit EBIT EBITDA 1Q 2024 +68.6% YoY to IDR33.4 bn 1Q 2024 +77.5% YoY to IDR42.5 bn 1Q 2024 +72.0% YoY to IDR45.5 bn Achieved 30.5% target FY 2024 CAGR* 35.1% 28.2% 26.1% 20.5% 16.9% 19.0% 45.8 42.5 14.0% 33.4 24.0 26.9 19.8 1Q 2023 1Q 2024 1Q 2023 1Q

  16. Slide 16: Solid Balance Sheet Meets Credit Covenants

    Solid Balance Sheet Meets Credit Covenants Assets Liability Equity +1.0% -12.5% +5.7% 0.5 4.2 0.4 3.9 0.34 0.29 788.9 797.1 621.5 588.3 200.6 175.5 4Q 2023 1Q 2024 4Q 2023 1Q 2024 4Q 2023 1Q 2024 Asset Liability Equity Current ratio (min 1 time) Debt to EBITDA ratio (max 3 time) DER (max 2.5 time) i

  17. Slide 17: Positive Cash Flow from Operating Activities

    Positive Cash Flow from Operating Activities Cash from operating Cash from investing Cash from financing +119.0% YoY to net cash IDR12.3 bn -51,1% YoY to net cash IDR-34.8 bn -106.1% YoY to net cash IDR-10.7 bn 12.3 175.3 (34.8) (64.6) (71.1) (10.7) 1Q 2023 1Q 2024 1Q 2023 1Q 2024 1Q 2023 1Q 2024 in

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  20. Slide 20: Thank You

    Jl. Prof. Dr. Soepomo SH. No. 48 Tebet Jakarta Selatan 12870 Indonesia +62 21 8378 5773 +62 21 8378 5776 Thank You general@sunindogroup.com 20

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