Pt Rmk Energy Tbk · IDX:RMKE

Pt Rmk Energy Tbk — Q3 2023 Earnings Presentation

40 slides from Pt Rmk Energy Tbk's earnings presentation, May 17, 2024

  1. Slide 1: Public Expose 3Q 2023 Result Announcement

    PUBLIC EXPOSE 3Q 2023 RESULT ANNOUNCEMENT PT RMK ENERGY TBK [RMKE] Sustainable Operations to Support Global Energy Security Operasi Berkelanjutan untuk Menopang Ketahanan Energi Global

  2. Slide 2: Analyst Meeting 3Q 2023 Result Announcement

    ANALYST MEETING 3Q 2023 RESULT ANNOUNCEMENT PT RMK ENERGY TBK [RMKE] Sustainable Operations to Support Global Energy Security Operasi Berkelanjutan untuk Menopang Ketahanan Energi Global

  3. Slide 3: 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

  4. Slide 4: Company Profile

    RMKE CHAPTER 1 COMPANY PROFILE

  5. Slide 5: Share Performance

    SHARE PERFORMANCE SHARES OWNERSHIP Investor % RMK Investama 76.8 RMKE Management 3.2 Local Institution 2.3 Foreign Institution 1.6 Local Retail 15.7 Foreign Retail 0.4 Total 100.0 FREE FLOAT Investor % Local Institution 11.4 Foreign Institution 7.9 Local Retail 78.6 Foreign Retail 2.1 Total 100.0 Se

  6. Slide 6: Why Invest in RMKE

    WHY INVEST in RMKE STRATEGIC ASSETS LOCATION 01 Located in a strategic area and the pioneer in South 06 SUSTAINABLE PROFITABILITY Gross profit margin 41.7% from coal services** Sumatera INTEGRATED COAL LOGISTICS SERVICE 02 The only private coal logistics providers integrated with 07 SOLID BALANCE SHE

  7. Slide 7: Awards

    AWARDS CNBC Indonesia Awards 2023 The Best Investortrust Companies 2023 Best Energy Companies The Best Sectors Investortrust Companies 2023, The Most Impressive Coal Logistic Company Energy Sector 7

  8. Slide 8: Management Team

    MANAGEMENT TEAM VINCENT SAPUTRA TONY SAPUTRA WILLIAM SAPUTRA Finance Director President Director Operational Director 8

  9. Slide 9: Strategy & Target

    RMKE CHAPTER 2 STRATEGY & TARGET

  10. Slide 10: 9M 2023 Management Highlight

    9M 2023 MANAGEMENT HIGHLIGHT SUSTAINABLE SOLID IMPROVING STRONG PROFITABILITY BALANCE SHEET CASH FLOW OPERATIONS Revenue from coal services Equity increased by 21.1% YoY to Operating cash flow increased Coal services segment increased by 59.1% YoY IDR1.4 trillion by 147.2% YoY to IDR162.2 billion Unl

  11. Slide 11: Corporate Outlook & Strategy

    CORPORATE OUTLOOK & STRATEGY STRATEGY INDICATOR 2022* 2023** 2024** 2025** 2026** 2027** in million MT in million MT in million MT in million MT in million MT in million MT Coal services Coal services Coal services Coal services Coal services Coal services Operational Loading barge 7.8 Loading barge

  12. Slide 12: Our Targets Achievement in 9M 2023

    OUR TARGETS ACHIEVEMENT IN 9M 2023 2023 9M 2023 Achievement No a b b/a Indicator Unit Target Actual % Unloading train mio MT 12.4 9.2 74.2 Service Loading barge mio MT 10.8 6.2 57.9 1 Operational Coal Sales In-house & third parties mio MT 2.8 1.7 59.8 Overburden removal mio Bcm 3.0* 2.0 66.4 In-hous

  13. Slide 13: Operational Performance

    CHAPTER 3 OPERATIONAL PERFORMANCE 13

  14. Slide 14: Coal Services Segment – Unloading Train

    COAL SERVICES SEGMENT – UNLOADING TRAIN YTD9M 2023: 9.7% YoY 9.2 8.4 3.2 3.1 3.2 2.9 3Q 2022 1Q 2023 2Q 2023 3Q 2023 9M 2022 9M 2023 in million MT The Company has achieved 74.2% of this year target. 14

  15. Slide 15: Coal Services Segment – Loading Barge

    COAL SERVICES SEGMENT – LOADING BARGE YTD9M 2023: 14.5% YoY 6.2 5.5 2.3 2.3 2.0 2.0 3Q 2022 1Q 2023 2Q 2023 3Q 2023 9M 2022 9M 2023 in million MT The Company has achieved 57.9% of this year target. 15

  16. Slide 16: In-House Coal Production

    IN-HOUSE COAL PRODUCTION 2.0 YTD9M 2023: OB removal: 35.2% YoY | Coal getting : 11.3% YoY 1.5 0.9 0.9 0.8 0.6 0.5 0.6 0.3 0.3 0.4 0.2 3Q 2022 1Q 2023 2Q 2023 3Q 2023 9M 2022 9M 2023 Coal getting (million MT) OB removal (Bcm) in million MT RMKE’s in-house mine, PT Truba Bara Banyu Enim (TBBE), produc

  17. Slide 17: Corporate Social Responsibility (CSR)

    CORPORATE SOCIAL RESPONSIBILITY (CSR) 1. Operational Improvements 2. Charity Operational improvements to reduce dust by using a spray gun, watering and RMKE develops education and upgrading the telescopic chute. Currently, RMKE uses a casing for dust agricultural activities in Selat protection when

  18. Slide 18: Coal Sales Segment

    COAL SALES SEGMENT YTD9M 2023 Coal sales volume: (7.2%) YoY | Average selling price: (16.9%) YoY 0.8 0.8 0.8 0.7 0.7 0.6 1.8 1.7 0.8 0.7 0.4 0.6 3Q 2022 1Q 2023 2Q 2023 3Q 2023 9M 2022 9M 2023 Coal sales (million MT) Average selling price (million IDR) in million MT The operational performance from

  19. Slide 19: Operational Efficiency Indicator in 9M 2023

    OPERATIONAL EFFICIENCY INDICATOR IN 9M 2023 9M 2022 9M 2023 Efficiency Train unloading time (hour) 04:06 03:25 (00:41) Fuel ratio 9M 2022 9M 2023 Efficiency (MT/liter)* 0.91 0.88 (0.03) * per MT loading barge 19

  20. Slide 20: Financial Performance

    CHAPTER 4 FINANCIAL PERFORMANCE 20

  21. Slide 21: Operating Revenue Is Supported by Services Segment

    OPERATING REVENUE IS SUPPORTED BY SERVICES SEGMENT Operating Revenue Coal Sales Segment Coal Services Segment YTD9M 2023: YTD9M 2023: YTD9M 2023: (3.4%) YoY (19.5%) YoY 59.1% YoY 1.9 1.8 1.5 1.2 0.6 0.4 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 in trillion IDR in trillion IDR Operating revenue

  22. Slide 22: Higher Gross Profit Margin

    7.77 HIGHER GROSS PROFIT MARGIN Gross Profit Coal Sales Segment Coal Services Segment YTD9M 2023: YTD9M 2023: YTD9M 2023: (0.4%) YoY (45.8%) YoY 131.5% YoY 21.4% 41.7% 324.2 14.4% 22.9% 23.6% 28.7% 258.6 453.9 434.3 175.8 111.7 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 Gross profit Gross profit m

  23. Slide 23: Higher Gross Profit Margin

    HIGHER GROSS PROFIT MARGIN Gross Profit Coal Sales Segment Coal Services Segment YTD9M 2023: YTD9M 2023: YTD9M 2023: (0.4%) YoY (45.8%) YoY 131.5% YoY 41.7% 21.4% 28.7% 22.9% 23.6% 14.4% 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 Gross profit Gross profit margin (%) in billion IDR Gross profit marg

  24. Slide 24: Maintaining Margin Amid Price Normalization

    MAINTAINING MARGIN AMID PRICE NORMALIZATION Net Profit Net profit margin hovers at 15%: YTD9M 2023: (3.8%) YoY Despite of the coal price normalization, the net profit margin only inched down by 10 bps YoY. The higher profit margin from coal services segment at 42.9% (previously 32% in 9M 2022) served as

  25. Slide 25: Maintaining Margin Amid Price Normalization

    MAINTAINING MARGIN AMID PRICE NORMALIZATION Net Profit Net profit margin hovers at 15%: YTD9M 2023: (3.8%) YoY Despite of the coal price normalization, the net profit margin only inched down by 10 bps YoY. The higher profit margin from coal services segment at 42.9% (previously 32% in 9M 2022) served as

  26. Slide 26: Solid Balance Sheet Meets Credit Covenants

    SOLID BALANCE SHEET MEETS CREDIT COVENANTS Asset Liability Equity YTD9M 2023: YTD9M 2023: YTD9M 2023: 20.3% YoY 18.4% YoY 21.1% YoY 2.3 27.2 0.4 0.4 2.1 21.3 2.0 1.7 1.5 1.2 0.5 0.6 4Q 2022 3Q 2023 4Q 2022 3Q 2023 4Q 2022 3Q 2023 in trillion IDR in trillion IDR in trillion IDR Asset Liability Equity

  27. Slide 27: Managing Healthy Cash Flow

    MANAGING HEALTHY CASH FLOW Cash Flow from Operating Cash Flow from Investing Cash Flow from Financing YTD9M 2023: YTD9M 2023: YTD9M 2023: 147.2% YoY 317.3% YoY (83.5%) YoY 162.2 (28.4) (69.2) (127.0) 65.6 (118.4) 9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023 in billion IDR Cash from operating acti

  28. Slide 28: Appendix

    RMKE CHAPTER 5 APPENDIX

  29. Slide 29: Operating Revenue Is Supported by Services Segment

    OPERATING REVENUE IS SUPPORTED BY SERVICES SEGMENT Operating Revenue Coal Sales Segment Coal Services Segment YTD9M 2023: YTD9M 2023: YTD9M 2023: (3.4%) YoY (19.5%) YoY 59.1% YoY 1.9 1.8 1.5 1.2 0.8 0.8 0.7 0.6 0.5 0.6 0.5 0.3 0.4 0.4 0.2 0.2 0.2 0.2 3Q 2022 1Q 2023 2Q 2023 3Q 2023 9M 2022 9M 2023 3

  30. Slide 30: Higher Gross Profit Margin

    HIGHER GROSS PROFIT MARGIN Gross Profit Coal Sales Segment Coal Services Segment YTD9M 2023: (0.4%) YoY YTD9M 2023: (45.8%) YoY YTD9M 2023: 131.5% YoY 24.4% 24.3% 24.3% 23.6% 42.9% 41.0% 21.8% 22.9% 22.0% 41.0% 41.7% 21.4% 17.0% 33.1% 14.4% 28.7% 435.9 434.3 15.0% 9.2% 324.2 258.6 203.3 185.4 175.8 1

  31. Slide 31: Cost of Revenues Contribution

    COST OF REVENUES CONTRIBUTION Coal Sales Segment Coal Services Segment 1.8% 1.2% 100% 14.1% 3.5% 100% 7.3% 3.2% 14.5% 14.8% 72.0% 14.9% 26.1% 26.6% Purchases In-house Transport Royalty Others Demurrage Total Repair and Rent Fuel Salary Depreciat Others Total production ation maintenance and ion allo

  32. Slide 32: Maintaining Margin Amid Price Correction

    MAINTAINING MARGIN AMID PRICE CORRECTION Net Profit YTD9M 2023: (3.8%) YoY Net profit margin hovers at 15%: 17.0% 16.9% 15.4% 15.6% 15.5% 13.5% Despite of the coal price normalization, the net profit margin only inched down by 10 bps YoY. The higher profit margin from coal services segment at 42.9% (pre

  33. Slide 33: Solid Balance Sheet Meets Credit Covenants

    SOLID BALANCE SHEET MEETS CREDIT COVENANTS Asset Liability Equity 3Q 2023: 3Q 2023: 3Q 2023: 20.3% YoY 18.4% YoY 21.1% YoY 2.7 27.6 27.2 0.4 0.4 0.4 2.3 2.2 2.1 21.3 0.3 19.7 1.9 1.9 2.0 1.5 1.3 1.4 1.7 1.2 0.5 0.6 0.5 0.6 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2022 1Q 20

  34. Slide 34: Managing Healthy Cash Flow

    MANAGING HEALTHY CASH FLOW Cash Flow from Operating Cash Flow from Investing Cash Flow from Financing YTD9M 2023: YTD9M 2023: YTD9M 2023: 147.2% YoY 317.3% YoY (83.5%) YoY 32.1 162.2 (2.5) (3.0) (10.7) (35.5) (28.4) (69.2) (127.0) 71.9 (161.9) 69.9 65.6 (52.4) (56.1) 29.9 20.4 (118.4) 3Q 2022 1Q 202

  35. Slide 35: Consolidated Operational Performance

    CONSOLIDATED OPERATIONAL PERFORMANCE ( in metric ton, unless stated otherwise) INDICATOR 3Q 2022 1Q 2023 2Q 2023 3Q 2023 Chg (%) 9M 2022 9M 2023 Chg (%) COAL SALES Coal sales 802,519.4 719,284.6 402,451.3 553,856.3 (31.0) 1,805,222.8 1,675,592.3 (7.2) Average selling price 812,017.0 759,929.5 650,62

  36. Slide 36: Consolidated Statements of Profit (Loss)

    CONSOLIDATED STATEMENTS OF PROFIT (LOSS) (currency in billion IDR, unless stated otherwise) INDICATOR 3Q 2022 1Q 2023 2Q 2023 3Q 2023 Chg (%) 9M 2022 9M 2023 Chg (%) REVENUES Coal Sales 654.7 545.7 314.7 359.4 (45.1) 1,515.0 1,219.8 (19.5) Services 178.5 216.2 206.0 198.3 11.0 389.9 620.5 59.1 Total

  37. Slide 37: Consolidated Statements of Financial Position

    CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (currency in billion IDR, unless stated otherwise) INDICATOR 4Q 2022 1Q 2023 2Q 2023 3Q 2023 Chg (%) ASSETS Current Assets 780.0 950.3 944.3 1,023.1 31.2 Non Current Assets 896.8 941.7 922.8 995.0 10.9 Total Asset 1,676.8 1,892.0 1,867.1 2,018.1 20.3 LIA

  38. Slide 38: 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 2022 1Q 2023 2Q 2023 3Q 2023 Chg (%) FINANCIAL DEBT Short Term Debt Short Term Bank Loans Current Maturity Long Term Liabilities 2.3 79.2 56.2 152.4 0.0 6,643.7 79.4% Bank Loan 106.

  39. Slide 39: Consolidated Statements of Cash Flow

    CONSOLIDATED STATEMENTS OF CASH FLOW (currency in billion IDR, unless stated otherwise) INDICATOR 3Q 2022 1Q 2023 2Q 2023 3Q 2023 Chg (%) 9M 2022 9M 2023 Chg (%) CASH FLOW Cash Flows From Operating 29.9 20.4 71.9 69.9 134.2 65.6 162.2 147.2 Cash Flows From Investing Activities (2.5) (52.4) (3.0) (56

  40. Slide 40: Thank You

    Thank You RMKE Investor & Public Relations rmkenergy.com PT RMK Energy Tbk rmke.official Wisma RMK Lantai 2 Jalan Puri Kencana Blok M4/1 Jakarta Barat, DKI Jakarta 11610 PT RMK Energy Tbk (021) 582 2555

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