Pt Buma Internasional Grup Tbk · IDX:DOID
Pt Buma Internasional Grup Tbk — PT Delta Dunia Makmur — FY2023 Earnings Presentation
21 slides from Pt Buma Internasional Grup Tbk's earnings presentation, Mar 18, 2024
Slide 1: Company Update FY2023
PT Delta Dunia Makmur Tbk Company Update FY2023 18th March 2024
Slide 2: PT Delta Dunia Makmur Tbk (Delta Dunia Group)
PT Delta Dunia Makmur Tbk (Delta Dunia Group) Corporate Structure Company Representatives for FY 2023 Company Update Holding company Dian Andyasuri Iwan Fuad Salim Director Deputy Director PT Delta Dunia Makmur Tbk Delta Dunia Makmur Delta Dunia Makmur 100% Operating company Key Presenters PT Bukit
Slide 3: Highlights of FY 2023
Highlights of FY 2023 Revenue increased 18% YoY Contribution from metallurgical coal US$1,833mn - highest ever. was 19% of revenue On track with the Company’s ESG road EBITDA increased 13% YoY map to reduce thermal coal to less US$412mn - highest ever. than 50% of revenue by 2028. Free cash flow imp
Slide 4: FY 2023 Financial Performance and FY 2024 Guidance
FY 2023 Financial Performance: Robust operations leading to highest ever Revenue and EBITDA FY 2024 Guidance Overburden Removal and Revenue and EBITDA Capex Coal FY24 Overburden Guidance 621MBCM US$1,833Mn US$121Mn 580 - 630 MBCM Up 14% YoY Up 18% YoY Down 20% YoY FY24 Coal Guidance 85 MT Down 2% Yo
Slide 5: Profit & Loss: Record FY overall Performance
Profit & Loss: Record FY overall Performance US$m, unless stated 4Q22 4Q23 Change FY22 FY23 Change Volumes FY 2023 vs FY 2022 Overburden Removal 136 159 17% 547 621 14% (mbcm) ▪ Overburden Removal up by 14% Coal (mt) 23 21 7% 87 85 2% – FY volume for Indonesia production was up 10% YoY, propelled by
Slide 6: Balance Sheet: Net Debt to EBITDA ratio continues to improve
Balance Sheet: Net Debt to EBITDA ratio continues to improve, as we grow our business US$m, unless stated FY22 FY23 ∆ Key Balance Sheet Items Liquidity Cash Position1 181 543 362 – Net Debt to EBITDA ratio stands at 1.67x2, marking the lowest level in a decade. Borrowings 962 1,222 260 Borrowings Ne
Slide 7: 5 Years Past Performance: Consistently improving Performance
5 Years Past Performance : Consistently improving Performance across all metrics Volume Revenue (US$ Mn) OB Removal (m bcm) Coal Production (mt) 621 1,833 547 1,554 380 326 911 282 882 602 87 85 50 45 54 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA Operating Cashflow(1) Capex (US$ Mn) (U
Slide 8: Reducing Debt Ratios and Diversify Sources of Capital
Reducing Debt Ratios and Diversify Sources of Capital Debt Ratios at the Lowest Level Diversified Sources of Capital Net Debt to BUMA EBITDA (x) Australia Acquisition FY2022 Outstanding Debt FY2023 Outstanding Debt 3% 3% 2.99 24% 2.60 18% 2.45 35% 2.14 2.02 47% 1.65 29% 41% US$1,222Mn US$962Mn Banks
Slide 9: Strategy Managing Debt Maturity Profile
Strategy Managing Debt Maturity Profile Shifting and Lowering the Debt Wall in 2026 Pre refinancing Expected - Post refinancing (US$ Mn) Debt Maturity Profile (US$ Mn) Debt Maturity Profile 15% 21% 61% 2% 1% 0% 8% 13% 18% 19% 22% 19% 548.9 184.7 183.1 134.8 159.2 156.3 153.1 107.9 21.2 10.9 69.0 0 2
Slide 10: Redefining Growth with Purpose: ESG Initiatives
Redefining Growth with Purpose Sustaining Momentum in Our ESG Initiatives Geography and Commodity Diversification Consistent Progress in our ESG Journey 2021 Revenue 2023 Revenue Met Coal Thermal Coal Met Coal Thermal Coal 1% 99% 19% 81% 3% 28% 72% 97% Indonesia Australia Indonesia Australia ▪ Stron
Slide 11: For more information visit our website
For more information visit our website deltadunia.com https://www.linkedin.com/company/pt-delta-dunia-makmur-tbk https://www.linkedin.com/company/pt-bukit-makmur-mandiri-utama https://www.linkedin.com/company/buma-australia/ 11
Slide 12: Appendix 1 – Financial Summary
Appendix 1 – Financial Summary 12
Slide 13: Consolidated Performance FY 2023
Consolidated Performance FY 2023 Consolidated Statements of Financial Position Consolidated Statements of Profit or Loss and OCI In US$ mn (unless otherwise stated) Dec-23 Dec-22 YTD In US$ mn (unless otherwise stated) FY23 FY22 YoY Cash and cash equivalents 498 148 236% Net revenues 1,833 1,554 18%
Slide 14: Quarterly Performance
Quarterly Performance US$m, unless stated 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 Volumes Overburden Removal 123.5 136.6 150.6 136.3 134.4 151.9 175.3 159.3 (mbcm) Coal (mt) 18.3 22.8 22.5 23.1 21.5 20.2 21.9 21.4 Key Financials Revenue 332 391 426 405 409 448 506 470 EBITDA 70 94 109 93 74 101 127
Slide 15: Indonesian and Australian Operations
Indonesian and Australian Operations BUMA ID1 Quarterly Progression US$m, unless stated 1Q23 2Q23 3Q23 4Q23 BUMA Consolidated Performance YTD Volumes FY22 FY23 US$m, unless O.B. Removal (mbcm) 106 114 132 120 stated BUMA BUMA BUMA ID1 BUMA AU BUMA ID BUMA AU Consol Consol Coal (mt) 18 17 18 18 Volum
Slide 16: Appendix 2 – Contract Summary
Appendix 2 – Contract Summary 16
Slide 17: Long Term Contracts with Long History of Renewal
CONFIDENTIAL Long 2 Term Contracts with Long History of Renewal Decades of relationships with key customers Kalimantan No Indonesia Customers Years of Relationship Contract Wins 1 Bayan - Indonesia Pratama (IPR) 1 17 years Berau Coal 2 Berau Coal (Lati) 2 26 years 2,3 • Apr 2023 - US$ 43mn4 contract
Slide 18: Appendix 3 – BUMA Management
Appendix 3 – BUMA Management 18
Slide 19: Highly Experienced Team
CONFIDENTIAL Highly 3 2 Experienced Team 3 We attract best-in-class talent to help deliver on our long-term strategy BUMA Key Management BUMA Australia Key Management • 25+ years of • Director of • 20+ years of • 25+ years of • 25+ years of experience in People & Culture experience in the global min
Slide 20: Corporate Structure
Corporate Structure PT Delta Dunia Makmur Tbk PT Bisa Ruang Nuswantara PT Bukit Makmur Mandiri Utama PT Bukit Teknologi Digital BUMA Australia Pty Ltd >16.000 >70.000 Employed in Indonesia Communities impacted and Australia directly and indirectly
Slide 21: Thank You
Appendix 3 – BUMA Management Thank You 21