Pt Barito Pacific Tbk · IDX:BRPT
Pt Barito Pacific Tbk — Investor Presentation (October 2024)
31 slides from Pt Barito Pacific Tbk's investor presentation, October 2024
Slide 1: PT Barito Pacific Tbk Public Expose 2024
PT Barito Pacific Tbk Public Expose 2024 Impact Beyond Returns October 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by the management of PT Barito Pacific Tbk. (“Barito Pacific” or the “Company”) for information purposes and contains general background information about Barito Pacific group including forward-looking statements on its business, financial condition and
Slide 3: Strategic Overview
Strategic Overview 1 Barito Pacific At Glance 2 Business Overview 3 Key Investment Highlights 4 Projects 5 Financial Updates 6 Environmental, Social, Governance 3
Slide 4: Barito Pacific At Glance
1 Barito Pacific At Glance A. Group Structure B. Milestones C. Core Portfolios 4
Slide 5: Barito Pacific At Glance: Group Structure
1 Barito Pacific At Glance A. Group Structure ● Listed on the IDX since 1993 ● Barito Pacific’s largest shareholder is Prajogo Pangestu with a 71.19% stake as at 30 Jun 2024 Chemical & Energy Infrastructure Property and Others 64.7% 38.4% (1) 100% 34.00% (2) 100% 100% ● Office complex (Wisma Barito
Slide 6: Barito Pacific At Glance: Milestones
1 Barito Pacific At Glance B. 40 years of National Development Contributions 1979 2011 2021 Barito Pacific Chandra Asri and Tri Chandra Asri 2023 established Polyta merger successfully BREN IPO SCG Chemicals Co. Ltd completes Rights Establishing Barito 1993 acquired 30.0% stakes Issue, T
Slide 7: Barito Pacific At Glance: Core Portfolios
1 Barito Pacific At Glance C. Core Portfolios 1 Chemical & Infrastructure 2 Energy 3 Property Chemical Renewable Energy Power Plant Office Geothermal Renewable Energy with Office tower in CBD area of Integrated Petrochemical complex Jakarta 886MW capacity 4.2Mtpa Capacity Designed with Green B
Slide 8: Business Overview
2 Business Overview A. Chandra Asri’s Portfolio B. Domestic Production Capacities C. Petrochemical Capacity Trajectory D. Portfolio of Renewable Energy E. Renewable Energy Capacity Trajectory F. Energy Operating Performance 8
Slide 9: Chandra Asri's Portfolio
22 Business Overview A. Chandra Asri’s Portfolio Leading chemical and infrastructure company, the largest integrated petrochemical producer, and operator of the country’s only Naphtha Cracker, Styrene Monomer, Butadiene, MTBE, and Butene-1 plants. Supported by energy, water, and jetty & tank facilit
Slide 10: Petrochemical Production Capacities in Indonesia
2 Business Overview B. Petrochemical Production Capacities in Indonesia Capacity ('000 tons per year) s Others Total Ethylene 900 - - - - - - - 900 Propylene 490 - 625 - - - - - 1,115 LLDPE 400 200 - - - - - - 600 HDPE 336 250 - - - - - - 586 Polypropylene 590 - 45 300 - - - - 935 Ethylene Dichlorid
Slide 11: Petrochemical Capacity Trajectory – Expanding Presence in ASEAN
2 Business Overview C. Petrochemical Capacity Trajectory – Expanding Presence in ASEAN Integrating Organic Growth with Strategic Acquisitions ~5x Revenue Growth projected from 2024-2026 9.572 9.572 8.672 900 8.5 01 Total Production Volume ‘000 ton 4.061 4.232 4.232 4.232 3.301 3.301 3.458 - 603 2.57
Slide 12: Portfolio of Renewable Energy
2 Business Overview D. Portfolio of Renewable Energy BREN currently operates 886MW geothermal power Scalable Capacity of Wind Power Souh Sekincau Wayang Windu Unit 3 Gunung Hamiding Sulawesi Status Exploration Status Exploration Status Development Potential capacity 495-875MW Estimated capacity 30MW
Slide 13: Renewable Energy Capacity Trajectory
2 Business Overview E. Renewable Energy Capacity Trajectory Geothermal Asset Capacity Milestone (MW) Wayang Windu Darajat Salak 877 878 879 886 749 622 627 637 639 590 377,0 377,0 377,0 381,0 385 377,0 330,0 362,0 367,0 377,0 377,0 271,0 271,0 271,0 274,5 165 150,0 150,0 150,0 150,0 150,0 260,0 110,
Slide 14: Energy Operating Performance
2 Business Overview F. Energy Operating Performance Geothermal - Average Net Capacity Factor 96% 98% 95% 96% 98% 97% 97% 97% (1) (2) 96% 95% 96% 98% 94% 94% 94% 92% 94% 93% 91% 84% 81% 79% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Slide 15: Key Investment Highlights
3 Key Investment Highlights A. Market Leader in Petrochemical & Renewable Energy 03 B. Well-Positioned to Capitalize on Favorable Industry Outlook C. Proven success in Driving Growth D. Growth through Strategic Partnership 15
Slide 16: Market Leader in Petrochemical & Renewable Energy
23 Key Investment Highlights A. Market Leader in Petrochemical & Renewable Energy Economies of Scale Fuel Operational Excellence and Broad Market Reach Petrochemical - Domestic Capacity Geothermal – Global Capacity Mtpa MW 4,232 1.185 984 980 917 886 793 725 683 672 2,185 489 423 345 330 1,04 1,037
Slide 17: Well-Positioned to Capitalize on Favorable Industry Outlook
3 Key Investment Highlights B. Well-Positioned to Capitalize on Favorable Industry Outlook Petrochemical Renewable Energy 1 Attractive growth fundamentals 2 Market Leader 1 > 50% new power addition from renewable energy 7,2% Indonesia RoW Other Import Pertamina Polytama LCT CAP Solar Farm; 6,2% rene
Slide 18: Proven Success in Driving Growth
3 Key Investment Highlights C. Proven Success in Driving Growth US$9.5billion Capex (2015-2024: US$5.1b + 2024-2027: US$4.4b) 53,5% 34,2% 12,3% COD Construction Pipeline Consistent organic expansions with the capacity to liberate inorganic growth avenues Completed (COD) & Acquisitions Pipeline 2024-
Slide 19: Growth Through Strategic Partnerships
3 Key Investment Highlights D. Growth Through Strategic Partnerships 1 Key Partners in Chemical & Infrastructure 2011 2013 2021 2023 2023 2024 2024 Acquired 30% stake in CAP JV Partner in the Strategic Partner for Partner in the JV Partner in Energy JV Partner in JV Partner in acquiring in 2011. Syn
Slide 20: Projects: Existing & Pipeline
4 Projects: Existing & Pipeline A. Chemical & Infrastructure B. Energy C. Property 20
Slide 21: Projects: Chemical & Infrastructure
4 Projects: Existing & Pipeline A. Chemical & Infrastructure Existing Projects (On-going) Projects Status Capex Estimated Completion CA-EDC FID +/-US$800 million 2026 Ground Breaking 2024 SECP Acquisition CSPA with Shell Pending Regulatory Approval 2024 Pipeline Projects Projects Status Capex Estima
Slide 22: Energy - List of Projects
4 Projects: Existing & Pipeline B. Energy - List of Projects Development Projects On Existing area Projects Status Capex Estimated Completion Capacity Retrofit & uprating FID 2025-2030 +34.6MW on existing US$107 million geothermal plant New Units of WW3 FID US$239 million 2025-2030 +70MW & Salak 7 T
Slide 23: Projects: Property
4 Projects: Existing & Pipeline C. Property Industrial Estate Cikupa Wisma Barito Pacific I Wisma Barito Pacific II Vision To be a leading, innovative, and trusted property development company Mission Developing, acquiring, and managing a diverse portfolio of quality property developments with the h
Slide 24: Financial Updates
5 Financial Updates A. Key Financial Summary 02 B. Safeguarded Capital structure Amid Expansions C. Diversified Funding Resources 24
Slide 25: Key Financial Summary
4 Financial Update A. Key Financial Summary Revenue (US$m) EBITDA (US$m) & EBITDA Margin (%) Net profit after tax (US$m) 3,156 30,2% 2,962 25,3% 2,760 22,2% 23,4% 537 570 797 16,0% 595 6M24 356 612 296 6M24 475 130 1,374 6M24 1,159 476 502 2.580 2.385 297 441 349 2.160 290 271 95 100 82 1.074 249 24
Slide 26: Safeguarded Capital Structure Amid Expansions
54 Financial Update B. Safeguarded Capital Structure Amid Expansions Net Debt to Equity (x) Fixed vs. Floating (%) 17% 29% 31% 31% 34% 0,73x 0,63x 0,60x 0,6 83% 71% 69% 69% 66% 0,18x 2021 2022 2023 6M23 6M24 2021 2022 2023 6M23 6M24 Fixed Floating Debt to Capital (%) Debt composition IDR Bank Loan 1
Slide 27: Diversified Funding Sources
54 Financial Update C. Diversified Funding Sources Debt as per 6M24 Bank Loan Amount (USDm) Interest Avg. Cost of Debt Strong funding capability track record USD 1,628 7.06% Successfully raised series of funding to support expansions 6.98% Strategic partnership as additional funding resources
Slide 28: Environment, Social, and Governance
6 Environment, Social, and Governance A. Purposeful Growth B. Social and Environmental Awards & Achievements 28
Slide 29: Purposeful Growth
6 Environment, Social, and Governance A. Purposeful Growth ESG - On the path of continuous improvement Rating Provider 2020 Score 2021 Score 2022 Score 2023 Score 2024 % of revenue MSCI ESG LEADERS √ BB BBB A A A Sustainalytics (BRPT) 34.1 (High Risk) 27.2 (Medium 26.2 (Medium Risk) 24 (Medium Risk)
Slide 30: Social and Environmental Awards & Achievements
56 Environment, Social, and Governance B. Social and Environmental Awards & Achievements Barito Pacific and its subsidiaries earned recognition for reducing emissions and preserving the environment • Barito Pacific and Chandra Asri Pacific: Environmental, Social, and Governance (ESG) Report Award fr
Slide 31: Thank you
Thank you 3 Office Address: Contact Investor Relation/Corporate secretary PT Barito Pacific Tbk Email: Investor.relations@barito.co.id/Corpsec@barito.co.id Wisma Barito Pacific II, Fl 23 Tel: +6221 530 6711 Jl. Letjen. S. Parman Kav. 62-63 Jakarta 11410 31
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