Analysts Meeting
4Q24 Performance Result
3 March 2025
Disclaimer
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Highlights
ITM 4Q24 highlights
Operational Performance | ||
Production | 5.2 Mt | -10% QoQ / 51% YoY |
Sales | 6.9 Mt | 10% QoQ / 22% YoY |
Financial Performance | ||
Revenue | $647 Mn | 7% QoQ / 18% YoY |
Net Profit | $103 Mn | -29% QoQ / 9% YoY | |
Completion of watershed rehabilitation in Menoreh hill
During 4Q24, PT Bharinto Ekatama (BEK), an ITM subsidiary has successfully completed Menoreh watershed rehabilitation planting program, covering an area of 250 Ha. This program commenced its planting activities in late 2021.
ITM joined the UN Global Compact Network
ITM participation in the United Nations Global Compact Network (UNGCN) will allow us to access the UNGCN resource to support our sustainability journey.
5
Optimizing supply chain and driving responsible transition
ENERGY SERVICES
Enhanced value creation through existing assets and infrastructure across supply chain.
RENEWABLE AND OTHERS
Strongly utilize the growth momentum of our solar rooftop business.
23.5Mbcm
TRUST
OB volume
4.4Mt
Third party coal sales
Working infrastructure completion
Following the transfer of working area to Melak area in 2022, TRUST has finished supporting infrastructures including workshop and housing to support business in the long term.
Growing third party coal sales
Continued growth (9% YoY) to strengthen overall business performance.
61.3MWp
Contracted capacity
12.9MWp
Operating capacity
Robust renewable business growth
The contracted capacity of solar based renewable rose almost 3 times YoY from 23.1 MWp to 61.3 MWp.
Good construction project progress
The operating capacity of solar based renewable rose almost 2 times YoY from 6.9 MWp to 12.9 MWp.
7
2024 awards and accolades
1 2024 ASRRAT
ITM received Platinum Rank at the 2024 Asia Sustainability Reporting Rating, the highest rank tier.
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2024 CSA Awards
ITM was awarded for its achievement in performance, environmentally friendly technology innovation, and the establishment of the Mentawir Nursery. - Platinum Plus & Green Elite Awards
ITM was awarded Green Elite and Platinum Plus for its efforts to reduce carbon emissions. - 2024 LIKE Festival
ITM was awarded for its role in large-scale nursery development, while IMM was recognized for its compliance to PNBP PKH and PPKH obligation, by Ministry of Environment and Forestry. - CSR PDB Awards
Subsidiary of ITM, IMM received a silver rating for its Community Empowerment program, from ISSF and the Ministry of Villages, Development of Disadvantaged Regions and Transmigration. - 2024 Top CSR Awards
ITM received three awards: Top CSR Star 5, Top Leader on CSR Commitment, and Top CSR Award for Green & Smart Sustainable Business.
17
28
39
4 | 10 | 11 | ||
512
6 | 13 | 14 | ||
- 2024 Top GRC Awards
ITM received an award for its commitment in implementing the principles of GRC. - 2024 Sustainable Business Integrity Index
ITM received an award organized by Tempo Media Group with Transparency International Indonesia (TII). - Award from Ministry of Transportation
Subsidiary of ITM, TCM received the Best Special Terminal category from Directorate General of Sea Transportation, Samarinda Class I Sea Transportation Awareness and Authority Office (KSOP).
10 2024 Prasetya Ahimsa Awards
ITM mine subsidiaries were awarded by the Directorate General of Mineral and Coal, Ministry of Energy and Mineral Resources for implementing mining safety.
11 2024 Healthy Port Awards
ITM subsidiary, IMM received an award from the Ministry of Health for implementing a healthy port.
Business and operational excellence
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Fortune Indonesia 100
ITM being included in the list of "100 Greatest Companies in Indonesia" 2024 based on FY23 results. - Tempo and IDN Financials Awards
Four awards were received for ITM sustained performance growth over the past five years. - 2024 Good Mining Practice Awards
ITM mine subsidiaries received 16 awards for implementing good mining principles, given by the Ministry of Energy and Mineral Resources.
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Leveraging global future trends to drive long-term growth
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Renewable | Carbon linkage |
energy | products |
3 | 4 | ||||
Electric | Data center | ||||
vehicle | and AI |
Solar PV is expected as the primary source of renewable electricity generation.
Global electricity from renewable sources
Unit: thousand TWh
Carbon linkage product is essential to support the Net Zero goals.
Global carbon credit market value
Unit: billion USD
Electric vehicle will be more | Growing data center |
prominent transportation in | capacity supported by AI |
the future. | usage. |
Global EV sales share | Global data center |
capacity | |
Unit: EV/all vehicle sales (%) | Unit: GW Capacity |
17.6
1.3
4.8 Others
RE
9.0 Hydro
0.8 5.0
4.2 | Wind | |||
2.3 | 6.5 | Solar | ||
PV | ||||
1.6 |
2023 2030
Note: based on IEA stated policies scenario
Sources: IEA, Reuters, MSCI and McKinsey
7 - 35 | |
1 | |
2023 | 2030 |
85% 15%
2023
Non EV EV
60% 40%
2030
Non EV EV
219 | |
55 | |
2023 | 2030 |
Note: based on McKinsey mid range scenario
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Coal Market Trends