Pt Essa Industries Indonesia Tbk · IDX:ESSA
Pt Essa Industries Indonesia Tbk — PT Surya Esa Perkasa — Q3 2020 Earnings Presentation
24 slides from Pt Essa Industries Indonesia Tbk's earnings presentation, Nov 25, 2020
Slide 1: PT Surya Esa Perkasa Tbk Public Expose 2020
PT SURYA ESA PERKASA TBK Public Expose 2020 DBS Bank Tower, Jakarta 25 November 2020 [IDX: ESSA] STRICTLY PRIVATE & CONFIDENTIAL 0
Slide 2: Agenda
Agenda 1 SEP at a Glance 2 Executive Summary 3 Overview of Operational 4 Overview of Financials Public Expose 2020 1
Slide 3: Sponsors
Sponsors Theodore P. Rachmat Garibaldi Thohir Vinod Laroya Reputed Entrepreneurs from Indonesia as the sponsors of SEP Group Public Expose 2020 2
Slide 4: Our Locations
Our Locations Sumatera LPG Plant Ammonia Plant Kalimantan Luwuk Palembang Sulawesi Papua Jakarta HO Java Head Office LPG Plant Ammonia Plant DBS Tower 18th Floor Jl. Raya Palembang – Indralaya Km. 17 Jl. Poros Sulawesi, Desa Uso Kec. Batui, Ciputra World 1 Jakarta Selatan Simpang Y Palembang Sumater
Slide 5: Company Milestone
Company Milestone LPG Capacity Non-Pre- expanded emptive from 120 to Rights 190 TPD Issue 2019 $ 26 MM 2017 Listed on 2018 IDX 1st Full Year of Acquires (ticker: 2015 Ammonia 60% of PT. ESSA) 2017 Production Commercial 766,988 MT Panca Production of Amara 2014 Ammonia Utama 2015 (PAU) 10 years of Co
Slide 6: BOC and BOD Composition
BOC and BOD Composition Board of Commissioners Hamid Awaluddin Theodore Permadi Garibaldi Thohir Rahul Puri IB Rahmadi President & Rachmat Commissioner Commissioner Supancana Independent Vice-President Independent Commissioner Commissioner Commissioner Board of Directors Chander Vinod Laroya Ida Bag
Slide 7: Agenda
Agenda 1 SEP at a Glance 2 Executive Summary 3 Overview of Operational 4 Overview of Financials Public Expose 2020 6
Slide 8: Executive Summary 3Q 2020
Executive Summary 3Q 2020 ➢ Consolidated Revenue $ 124 MM vs 168 MM in 3Q 2019 ➢ Consolidated EBITDA $ 26 MM vs $ 54 MM in 3Q 2019 ➢ Lower Price Realization for LPG and Ammonia vs 2019 ➢ Lower Ammonia production due to Covid-19 situation ➢ Awarded “PROPER Biru” for 5th year in a row for environmenta
Slide 9: Agenda
Agenda 1 SEP at a Glance 2 Executive Summary 3 Overview of Operational 4 Overview of Financials Public Expose 2020 8
Slide 10: LPG Plant Operational Highlights 3Q 2020
LPG Plant Operational Highlights 3Q 2020 ➢ Achieved 16 months of continuous operations with Zero Breakdown ➢ LPG Production : 47,543 MT in 3Q 2020 ➢ LPG price realization: $ 399/MT vs $ 432/MT in 3Q 2019 ➢ Achieved Plant Availability 98.8% vs 90.2% (Industry std.) ➢ Zero Accident Award for 9th conse
Slide 11: LPG Plant Performance 3Q 2020
LPG Plant Performance 3Q 2020 LPG Production Condensate Production 90.000 250.000 82.838 80.000 75.770 76.823 74.871 71.577 203.197 70.000 63.390 (E) 200.000 180.511 168.374 164.948 Production (MT/year) 60.000 157.412 Production (Bbl/year) 151.026 150.000 142.459 143.174 (E) 50.000 47.543 44.881 46.
Slide 12: LPG Plant CSR Activities
LPG Plant CSR Activities On April 27 2020, Company provided food, water and other basic essentials to the Sungai Rambutan Community Donation to Sungai Rambutan Community On April 28, 2020, Company provided food, water and other basic essentials to the Al Yamin Orphanage to deal with the Covid-19 out
Slide 13: Aerial View of LPG Plant
Aerial View of LPG Plant Public Expose 2020 12
Slide 14: Ammonia Plant Performance 3Q 2020
Ammonia Plant Performance 3Q 2020 ➢ Ammonia Production: 459,512 MT vs 569,308 MT 3Q 2019 ➢ Ammonia Exported: 449,578 MT vs 578,411 MT 3Q 2019 ➢ Ammonia Price Recovery driven partially by supply constraints ➢ Lower Production as plant shutdown due to Covid-19 transmission ➢ Plant Operations stable af
Slide 15: Smooth Shipping Operations 3Q 2020
Smooth Shipping Operations 3Q 2020 Country-wise Sales 10,000 MT 2% 112,322 MT 160,067 MT 25% 36% 167,189 MT 37% TAIWAN KOREA CHINA JAPAN 17 shipments completed in 3Q 2020 Total Sold 449,578 MT Efficient & Safe Ammonia Operations 17 shipments export completed in 3Q 2020 Public Expose 2020 14
Slide 16: Maleo Conservation Program
Maleo Conservation Program Maleo Bird Release ➢ PAU continued with Maleo Bird Conservation Program to protect the endangered bird ➢ 165 Birds released till date (5.5% of population) ➢ This program has facilitated several research Research Activities facilitated by PAU Program activities which are ke
Slide 17: COVID-19 Support to Community
COVID-19 Support to Community Hazmats to Pemda Banggai Support to Pemda Banggai Support to Kec. Batui Sembako to Disnaker Banggai Support to Disdag Banggai Rapid Test Kits to Pemda Banggai ➢ PAU supported local government and communities with COVID-19 medical support in the form of medical Hazmats t
Slide 18: Aerial View of Plant & Jetty From East Side
Aerial View of Plant & Jetty From East Side Public Expose 2020 17
Slide 19: Agenda
Agenda 1 SEP at a Glance 2 Executive Summary 3 Overview of Operational 4 Overview of Financials 18 Public Expose 2020 18
Slide 20: Financials – Profit & Loss (Consolidated)
Financials – Profit & Loss (Consolidated) (in USD MM) Jan - Sep 2020 Jan - Sep 2019 Growth Revenue 123.9 168.4 ↓ 26% Cost of Revenue (122.6) (139.4) ↓ 12% EBITDA 26.3 53.8 ↓ 51% Net Profit (25.7) 4.6 ↓ 659% Lower Earnings due to lower Market Prices & Ammonia Production caused by Covid-19 Public Expo
Slide 21: Financials – Cash Flow (Consolidated)
Financials – Cash Flow (Consolidated) (in USD Million) Jan - Sep 2020 Jan - Sep 2019 Beginning Cash & 147.3 105.4 Cash Equivalents Net Cash from 28.5 72.0 Operating Activities Net Cash utilized in (5.5) 52.9 Investing Activities Net Cash receipt from (42.1) (73.8) Financing Activities Ending Cash &
Slide 22: Financials – Balance Sheet (Consolidated)
Financials – Balance Sheet (Consolidated) (in USD Million) 30 Sept 2020 31 Dec 2019 Variance Assets 852.4 895.3 ↓ 5% Liabilities 571.8 586.9 ↓ 3% Equity & 280.6 308.4 ↓ 9% Reserve Debt Reduced by $ 27 MM in 3Q 2020 Outstanding Loan $ 488 MM vs 515 MM in Dec 2019 Public Expose 2020 21
Slide 23: Questions and Answers
QUESTIONS AND ANSWERS Public Expose 2020 22
Slide 24: Thank you
Thank you Head Office PT. Surya Esa Perkasa Tbk. DBS Bank Tower 18th Floor Ciputra World Jakarta 1 Jl. Prof. Dr. Satrio Kav.3-5 Jakarta 12940, Indonesia Phone: +62 21 2988 5600 Fax: +62 21 2988 5601 Email: [email protected] Public Expose 2020 23