Pt Amman Mineral Internasional Tbk · IDX:AMMN
Pt Amman Mineral Internasional Tbk — FY2025 Earnings Presentation
21 slides from Pt Amman Mineral Internasional Tbk's earnings presentation, Mar 26, 2026
Slide 1: FY 2025 Earnings Results
PT AMMAN MINERAL INTERNASIONAL TBK (AMMN) FY 2025 Earnings Results 26 March 2026
Slide 2: Table of content
Table of content 1. FY 2025 Highlights 2. Operations Update 3. Financial Update 4. Guidance and Outlook 2
Slide 3: Disclaimer
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Slide 4: FY 2025 Highlights
FY 2025 Highlights Advancing into a fully integrated refined copper and gold producer
Slide 5: Advancing into a fully integrated refined copper and gold producer
Advancing into a fully integrated refined copper and gold producer FY 2025 Operational Highlights • This year’s performance reflects transitional dynamics, as we advanced toward integrated copper and gold operations while entering Phase 8, characterized by typically lower ore grades in the early yea
Slide 6: Expansion projects highlights
Expansion projects highlights Smelter and PMR Power Processing Plant • The smelter and PMR facility produced its first • Completed its LNG regasification facility and Processing plant The processing plant copper cathode, refined gold, and refined silver received its first LNG cargo in September 2025
Slide 7: Operations Update
Operations Update Mining on track; smelting and refining end the year strong
Slide 8: Stronger ore output toward year-end amid anticipated cost increase
Stronger ore output toward year-end amid anticipated cost increase Materials mined Quarterly materials mined 2.54 13% 2.28 2.23 2.24 78 77 70 68 9% 304 316 322 293 64 39 72 69 227 291 244 300 29 77 49 14 16 31 1 5 FY 2022 FY 2023 FY 2024 FY 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Ore (Mt) Waste (Mt
Slide 9: Strengthening operational momentum driven by sequential quarterly production growth
Strengthening operational momentum driven by sequential quarterly production growth Copper production (in concentrate) Gold production (in concentrate)1 0.31% 0.35% 0.37% 0.38% 0.17 0.12 0.13 16% 0.08 64 52 55 32 69% 37 27 27 16 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Cop
Slide 10: Surpassed full year concentrate production target
Surpassed full year concentrate production target Copper production (in concentrate) Gold production (in concentrate) 0.65 0.76 0.56% 0.46% 0.53% 0.36% 0.48 87% 0.13 464 47% 803 395 731 312 463 209 103 FY 2022 FY 2023 FY 2024 FY 2025 FY 2022 FY 2023 FY 2024 FY 2025 Copper production (Mlbs) Coppe
Slide 11: Maintaining strong safety performance across operations
Maintaining strong safety performance across operations AMMN’s TRIFR relative to other mining companies 12-month rolling-average TRIFR (operations only) 7.64 Boliden 7.30 4.80 Sibanye Stillwater 4.36 4.12 Newcrest 3.25 3.23 Newmont 3.12 1.01 2.62 0.99 0.97 Gold Fields 2.62 0.95 0.94 0.94 0.94 0.95 2
Slide 12: First year of smelting and refining operations with a strong finish after early challenges
First year of smelting and refining operations with a strong finish after early challenges • Following the temporary shutdown and repairs of the Flash Converting Furnace (FCF) and sulfuric acid plant within the smelter complex in Q3 2025, we resumed operations and increased production rates at both
Slide 13: Smelter and PMR progress as of March 26, 2026
Smelter and PMR progress as of March 26, 2026 • 2025 marked key downstream milestones, with the successful Smelter video first production of copper cathode in March 2025 and first shipment in April 2025. • This was followed by the commencement of refined gold production and shipment in July 2025, an
Slide 14: Financial Update
Financial Update Smelter operations recover and strengthen in Q4, driving performance with support from concentrate sales
Slide 15: Smelter operations recover and strengthen in Q4, driving performance with support from concentrate sales
Smelter operations recover and strengthen in Q4, driving performance with support from concentrate sales Net sales EBITDA and EBITDA margin Net income and net income margin1 1,847 60% 33% 454 57% 1,301 51% 14% 299 433 806 1,057 545 258 416 778 155 231 233 390 355 354 279 9M 2025 Q4 2025 FY 2025 (175
Slide 16: Financial highlights
Financial highlights Production and sales data1 Financial results Units FY 2025 FY 2024 % Change Units FY 2025 FY 2024 % Change Mining operations Net sales US$m 1,847 2,664 (31%) Concentrate EBITDA US$m 1,057 1,426 (26%) Production dmt 446,563 755,083 (41%) Net income/(loss)4 US$m 258 642 (60%) Sale
Slide 17: Guidance and Outlook
Guidance and Outlook 2026 guidance unchanged: growth driven by higher ore grades and project ramp-up
Slide 18: FY 2026 outlook and beyond
FY 2026 outlook and beyond Global copper market Current price strength reflects supply disruptions, robust Chinese demand, Global copper mine production and primary demand (Mt) and weaker dollar. The 3-month copper price peaked at US$11,952/t on December 12. Wood Mackenzie raised its 2026–27 price f
Slide 19: 2026 guidance unchanged: growth year driven by improved ore grades and projects ramp-up
2026 guidance unchanged: growth year driven by improved ore grades and projects ramp-up FY 2026 FY 2026 guidance Mining operations guidance • The mining operations are expected to produce 900,000 dmt of Copper production in concentrate (Mlbs) 485 concentrate, containing 485 Mlbs (equivalent to 220,0
Slide 20: Elang development project
Elang development project Amman prepares for Super Giant project development Elang’s JORC reserves and resources estimates as of 31 Dec 2024 2025 Feasibility Study (“FS”) has been completed Grades Contained The Elang mine will utilize existing Batu Hijau infrastructure, including the mineral process
Slide 21: Thank you
THANK YOU ww.ammen.coid AAA AMMAN THE COPPER MARK ED Arian Mineral GJ @AmmanMineral FZ] Cammanmineral J PT Amman Mineral nternasional Tok ffMJ PT Amman Mineral Nusa Tenggara $
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