Pt Trimegah Bangun Persada Tbk · IDX:NCKL
Pt Trimegah Bangun Persada Tbk — 9M24 Earnings Presentation
23 slides from Pt Trimegah Bangun Persada Tbk's earnings presentation, November 2024
Slide 1: Analyst Call 9M24 Company Presentation
Analyst Call 9M24 Company Presentation 9M24 November 2024 tbpnickel.com
Slide 2: Table of Contents
Table of Contents Operation Overview 3 Recent Updates 8 Financial Highlights 13 CSR, ESG & Sustainability 16 2
Slide 3: Operation Overview
Operation Overview 3
Slide 4: Mining Operations
Mining Operations Mining Production Output (million wmt) Nickel Ore Sales (million wmt) YoY 20.75 YoY 15.38 39% 12% 15.19 16.27 14.48 10.93 9.08 10.72 14.66 10.05 7.77 11.85 6.80 10.08 6.29 3.59 5.89 3.22 6.30 6.09 2.03 5.13 4.43 4.40 4.42 4.13 2.36 1.56 1.88 0.86 FY21 FY22 FY23 9M23 9M24 FY21 FY22
Slide 5: HPAL Operations
HPAL Operations HPAL Production Output (in metal ton) HPAL Sales Volume (in metal ton) YoY 53% YoY 71,531 13% 63,655 46,093 55,000 57,0001 39,537 9M24 42,251 34,897 42,310 46,891 YoY YoY 217% 283% 29,475 28,874 9,287 12,671 15,641 7,534 13,349 14,778 7,277 4,966 818 2,133 5,317 4,201 1,058 271 957 1
Slide 6: RKEF Operations
RKEF Operations FeNi Production Output (in metal ton) FeNi Sales Volume (in metal ton) YoY YoY 39% 39% 90,000 90,000 9M24 101,538 100,891 95,813 97,177 68,994 69,785 26,047 25,372 26,182 25,302 FY21 FY22 FY23 9M23 9M24 FY21 FY22 FY23 9M23 9M24 Notes: nameplate capacity • HJF reach 100% production ca
Slide 7: Production Capacity Growth Plans (Total Tons Contained Ni/Year)
Production Capacity Growth Plans (Total Tons Contained Ni/Year) 35 (2) 24 (2) 425,000(1) 120,000 15 (2) 240,000 175,000 120,000 305,000 55,000 62,000 7 (2) 120,000 120,000 37,000 25,000 2022A 2023A 2024E 2025E FeNi MHP Ore Notes: (1) 1st stage KPS will have 4 production lines with annual production
Slide 8: Recent Updates
Recent Updates 8
Slide 9: New Product of HPL - Electrolytic Cobalt (EC)
New Product of HPL - Electrolytic Cobalt (EC) EC slab Preparation stage Cutting process Output Sorting process Packaging • Initial export : August 2024. • Capacity production : 6,000 tons of Electrolytic Cobalt. 9
Slide 10: RKEF (KPS) – 1st Phase Construction
RKEF (KPS) – 1st Phase Construction Not updated KPS - 1st phase KPS – whole project Stockyard Casting process NPI Transfer knowledge 77% 1st phase • Start production • Production lines : 1Q25. : 4. Construction completed • Capacity : 60,000 tons contained Ni/year of FeNi. (1st phase, as of September
Slide 11: Mining (GTS) – Preparation Phase
Mining (GTS) – Preparation Phase Road to mining pit Road to jetty MROR 2024 (only cover 20% mining area) Total area Limonite 27 Mn wmt. ± 2,300Ha, located Saprolite 14 Mn wmt. in South Obi Total reserves and resources 41 Mn wmt. Island. Exploration progress as of 2024 Drilliling points: 1,641 holes.
Slide 12: Mineral Resources Ore Reserves 2024 (Mn wmt)
Mineral Resources Ore Reserves 2024 (Mn wmt) 2023 2024 Surface Surface Nickel Reserves and Resources (1) Nickel Reserves and Resources(1) Limonite 225.0 229.2 Limonite Ore (Ni Content ≤ 1.4%) Saprolite 76.9 80.3 Saprolite Ore (Ni Content ≥ 1.6%) Bedrock Total 301.9 309.5 Notes: (1) It’s estimated ba
Slide 13: Financial Highlights
Financial Highlights 13
Slide 14: Highlights Profit & Loss Statement – 9M24
Revenue Gross Profit and Margin 48% 55% 49% 35% 35% 33% Highlights CAGR (1) 80% CAGR (1) YoY (2) 62% YoY (2) Profit & Loss 1,564 23,858 18% 1,284 543 8,276 9% 420 1,144 406 20,378 Statement – 9M24 575 643 9,568 17,300 134 315 4,514 314 4,675 6,134 6,663 279 8,229 1,957 4,072 ▪ Revenue growth driven
Slide 15: ASP, Cash Cost and Cash Margin 9M24 (Mining & Processing Business)
ASP, Cash Cost and Cash Margin 9M24 (Mining & Processing Business) Mining Products (USD/wmt) HPAL Products - HPL (USD/mt) RKEF Product (USD/mt) Limonite Saprolite MHP Ni NiSO₄ CoSO₄ EC FeNi 33 22,047 11,508 17,031 8,365 14,344 13,739 20 13,405 16 13 8,309 9,020 8,308 7,508 8,011 10 5,897 6,035 3,143
Slide 16: ESG, CSR & Sustainability
ESG, CSR & Sustainability 16
Slide 17: Enhancing and Maximizing the Value of Indonesia’s Nickel
Enhancing and Maximizing the Value of Indonesia’s Nickel Assessment Against the Most Stringent International Mining Standards Continues Background A stringent standard for responsible mining and mineral processing that is supported by a wide range of stakeholders (Government, NGOs, etc.). Progress •
Slide 18: Human Rights Due Diligence Assessment
Human Rights Due Diligence Assessment ● Human Rights Due Diligence Research (November 2023). ● Conducted by Foundation for International Human Rights Reporting Standards Assessed by: (FIHRRST). ● Overseen by Marzuki Darusman, UN Human Rights investigator & former Indonesian Attorney General. ● Confi
Slide 19: Ecosystem and Environment 9M24
Ecosystem and Environment 9M24 O 2 Air Quality Coal Dome – indoor coal storage, size of each Coal Dome is 600 x 140 meter which can store 300,000 mt. 19 21
Slide 20: Commercial Area in New Kawasi Village 9M24
Commercial Area in New Kawasi Village 9M24 Block C Block D Block B Block D Block C Block B Block A Block C Block C Block D Block B • 50 of 209 stores in the commercial area is finished. • Infrastructure (road & drainage) construction is completed. • The store sizes are (6 m x 8 m) and (4 m x 6.6 m).
Slide 21: Community Development & Empowerment Program 9M24
Community Development & Empowerment Program 9M24 Health Service Education Socio Culture Village maternity shelter (Polindes) - numbers of visits Harita mengajar - number of participants Social activities Supplementary food for maternal and child malnutrition - number of activities Taman ceria - numb
Slide 22: Community Development & Empowerment Program 9M24
Consumer Community Development & Empowerment Program 9M24 Products 715 65 21 Job Creation Local Suppliers Farmers Group Highest transaction amount/month IDR 14 Bn (~USD 860k) IDR 11.9 Bn (~USD 793k) in 9M23 22
Slide 23: THANK YOU
THANK YOU For futher information: PT Trimegah Bangun Persada Tbk | Headquarters, Panin Bank Building, Jendral Sudirman Kav.1 | Jakarta 102720 – Indonesia | Tel. +62 – 21 - 5722924 | Fax. +62 – 21 – 72789908. Email: lukito.gozali@haritanickel.com | investor.relations@haritanickel.com. 23
PT Trimegah Bangun Persada — 9M24 Earnings Presentation on 6ix