Pt Trimegah Bangun Persada Tbk · IDX:NCKL
Pt Trimegah Bangun Persada Tbk — Q1 2023 Earnings Presentation
21 slides from Pt Trimegah Bangun Persada Tbk's earnings presentation, 2023
Slide 1: Analyst Briefing
STEP Analyst Briefing PT TRIMEGAH BANGUN PERSADA TBK 4
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation materials, you are agreeing to maintain absolute confidentiality regarding the information disclosed in this document and to be bound by the following limitations: You must read the following before c
Slide 3: Agenda
Agenda 1. Company Overview 4 2. Operation Highlights 9 3. Financial Highlights 13
Slide 4: Company Overview
1 Company Overview
Slide 5: Company Overview
Company Overview TBP is a pure-play integrated operator of nickel mining and smelters in Indonesia with growing exposure to battery segment Large Upstream Resource Base Vertically Integrated Nickel Operations Total reserves of 168.9mt1 across 2 Presence from upstream mining to downstream operating m
Slide 6: History and Key Milestones
History and Key Milestones 2005 2006/07 2009 2010 2017 Commenced regional • GPS obtained an exploration • Started exploration and mining • Obtained IUP for Kawasi Mine Expanded investments in geological mapping permit for Loji in 2006 development at Kawasi Mine which is valid until February 8, downs
Slide 7: TBP Group Structure and Portfolio Overview
TBP Group Structure and Portfolio Overview Comprehensive Nickel Value Chain Presence on the Obi Island Upstream Midstream Downstream RKEF technology Saprolite Ferronickel Stainless Steel Nickel Sulfate Industrial Cathode HPAL technology Zone Limonite MHP Precursor EV Battery Cobalt Sulfate Recycling
Slide 8: TBP Group Structure and Portfolio Overview (Cont'd)
TBP Group Structure and Portfolio Overview (Cont’d) Short Transportation Distance Between Assets All production facilities and supporting infrastructures are strategically planned and built in the west part of Obi Island with short transportation distance, resulting in lower operating expense and ad
Slide 9: Operations Highlights
2 Operations Highlights
Slide 10: Mining Operations
Mining Operations Mining Production Output (million wmt) Nickel Ore Sales (million wmt) 10.72 7.77 6.29 5.89 Q1vsQ1 Q1vsQ1 177% 45% 4.76 3.59 4.25 2.78 3.42 3.22 4.43 2.03 1.92 1.53 2.64 1.38 2.06 2.36 1.56 1.88 1.50 0.94 1.62 1.34 0.86 0.60 1.38 0.72 0.42 FY2020 FY2021 FY2022 Q1 2022 Q1 2023 FY2020
Slide 11: HPAL Operations
HPAL Operations MHP Production Output (ton) MHP Sales Volume (ton) 5,303 5,317 Q1vsQ1 42,310 36% 42,251 Q1vsQ1 39% 1,811 1,605 1,410 1,721 1,391 1,192 12,699 13,349 10,743 14,564 12,671 9,167 FY2021 FY2022 Q1 2022 Q1 2023 FY2021 FY2022 Q1 2022 Q1 2023 Ni content Co content Ni content Co content Comm
Slide 12: RKEF Operations
RKEF Operations Ferronickel Production Output (In metal ton) Ferronickel Sales Volume (In metal ton) Q1vsQ1 Q1vsQ1 117% 88% 15,069 14,157 26,047 26,182 25,372 25,302 22,921 21,956 7,690 7,353 8,001 7,379 6,536 6,804 FY2020 FY2021 FY2022 Q1 2022 Q1 2023 FY2020 FY2021 FY2022 Q1 2022 Q1 2023 MSP HJF To
Slide 13: Financial Highlights
2022 =" WsTEP MENCIPTAKAN PELUANG DALAM PERJALANAN KEBERLANJUTAN MENUJU HILIRISASI NIKEL
Slide 14: Profit & Loss Statements
Profit & Loss Statements For the three-months For the years ended, Dec 31 period ended, Mar 31 Exchange rate USD/IDR 14,572 14,312 14,876 14,345 15,243 In IDR billion Audited Audited Audited Unaudited Unaudited FY020 FY21 FY22 Q1 2022 Q1 2023 Revenue 4,072 8,229 9,568 2,741 4,786 Cost of good sold (
Slide 15: Profit & Loss Statements Highlights
Profit & Loss Statements Highlights Revenue Gross Profit and Margin Margin USD (in million) IDR (in billion) 48% 55% 49% 50% 33% CAGR Commentary 53% CAGR 55% Q1vsQ1 14% 643 Q1vsQ1 315 314 Strong track record of 575 75% 9,568 4,514 4,675 revenue growth driven 8,229 279 314 134 by production ramp 10
Slide 16: Average Selling Price
Average Selling Price Saprolite Ore (USD/wmt) Limonite Ore (USD/wmt) Commentary Q1vsQ1 YoY Q1vsQ1 CAGR 26% 29% 16% 33% ASP nickel ores increased due to 56.57 60.17 28.04 28.65 increase of MOMR’s Reference 47.88 24.63 Price which has a direct link to LME, 21.74 40.71 although, there is a time-lag w
Slide 17: Capital Expenditures
Capital Expenditures USD (in million) IDR (in billion) Historical Capital Expenditure 586 8,721 554 499 8,206 7,925 Commentary 7,271 7,828 Capex has grown from IDR 7.3T in FY 2020 to IDR 8.7T in FY 7,258 2022. Primarily consists of smelter projects, heavy equipment and vehicles. Planned capex go
Slide 18: Costs Comparison (Year-end Period)
Costs Comparison (Year-end Period) Compound Annual Growth Rate (“CAGR”) Total Production Cost (IDR billion) Selling, General, & Administrative Expense (IDR billion) 84% 378 2,296 Salaries, wages and employee benefit 388 Fuel & Auxiliaries 1,169 275 17% 681 1,143 120 57% Supplies 146 16% Raw material
Slide 19: Costs Comparison (Q1vsQ1 Comparison)
Costs Comparison (Q1vsQ1 Comparison) Q1vsQ1 (percentage Total Production Cost (IDR billion) Selling, General, & Administrative Expense (IDR billion) growth from period to period) Fuel & Auxiliaries 1,033 205 397 160% Salaries, wages and employee benefit 139% 86 Raw materials 834 264% 40 229 Supplies
Slide 20: Cash Costs
Cash Costs4 Saprolite Ore (USD/wmt) Limonite Ore (USD/wmt) Commentary CAGR Q1vsQ1 CAGR Q1vsQ1 Cash cost Saprolite slightly 13% -6% 19% 137% decreased but Cash Cost 26.72 7.81 Limonite increased. 7.89 6.59 HPAL Cash Cost before 16.66 16.43 13.06 15.48 4.15 cobalt credit slightly up in Q4 2022 but
Slide 21: Thank You
THANK YOU For further information, please contact: Lukito Gozali – Head of Investor Relations PT Trimegah Bangun Persada Tbk. – Head Office Gedung Bank Panin Lt. 2 Jl. Jenderal Sudirman, Jakarta Pusat 10270, Indonesia www.tbpnickel.com | investor.relations@haritanickel.com
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