PT Indika Energy Tbk · IDX:INDY
PT Indika Energy Tbk — FY2021 Earnings Presentation
71 slides from PT Indika Energy Tbk's earnings presentation, March 2022
Slide 1: Indika Energy Group Company Update
INDIKA ENERGY GROUP COMPANY UPDATE PT Indika Energy Tbk. March 2022
Slide 2: Disclaimers
Disclaimers Investors and security holders are cautioned that this communication contains forward-looking statements and that forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of PT Indika Energy Tbk
Slide 3: Indika Energy - To Energize Indonesia for a Sustainable Future
Indika Energy - To Energize Indonesia for a Sustainable Future ✓ Integrated energy value chain with portfolio spanning across Indonesia ✓ Well-placed to capture domestic economic growth and global economic recovery ✓ Provides complementary products and services to domestic and international customer
Slide 4: Indika Energy – FY21 Revenue Contribution
Indika Energy – FY21 Revenue Contribution Revenue FY21: US$3,069,2 million Revenue FY20: US$1,813.8 million Others Interport Others Interport 5.6% 0.9% 4.5% 0.8% Tripatra 7.5% 4) Tripatra 16.1% Indika Resources 15.9% Indika Resources 10.4% Kideco Kideco 67.1% 71.1% FY20 FY21 Coal : 77.5% Coal : 87.1
Slide 5: Consolidated Income Statement Highlights
Indika Energy’s Consolidated Income Statement Highlights Quarter Data Year To Date Summary P&L 4Q21 4Q20 YoY 3Q21 QoQ FY21 FY20 YTD YoY Revenues 1,058.6 469.0 125.7% 835.4 26.7% 3,069.2 1,813.8 69.2% (2,151.0 (1,640.5 COGS (667.2) (460.6) 44.9% (518.0) 28.8% 31.1% ) ) Gross Profit 391.4 8.5 4527.8%
Slide 6: FY21 Business Highlights – Revenue Breakdown
FY21 Business Highlights – Revenue Breakdown FY21 FY20 Subsidiaries YoY Chg Remarks (US$ mn) (US$ mn) ASP ▲ 62.3% (+US$23.6/ton) from US$37.8/ton in FY20 to US$61.4/ton in FY21 Kideco 2,196.9 1,249.5 75.8% Sales Volume ▲ 8.4% (+2.8MT) to 35.8MT in FY21. MUTU's ASP ▲ 54.9% to US$93.0 per ton in FY21,
Slide 7: FY21 Business Highlights- Gross Profit/ Margin
FY21 Business Highlights- Gross Profit/ Margin FY21 FY20 YoY Subsidiaries Remarks (US$ mn) (US$ mn) Change Gross Profit 918.1 173.3 429.8% Gross Margin (%) 29.9% 9.6% ASP ▲ 62.3% (+US$23.6/ton) from US$37.8/ton in FY20 to US$61.4/ton in FY21 Kideco 835.6 177.2 371.4% Sales Volume ▲ 8.4% (+2.8MT) fro
Slide 8: Operational Highlights FY21 Vs Corporate Guidance
Operational Highlights FY21 Vs Corporate Guidance Strong Operational Performance in 2021 2021 Actual 2021B FY21 Realized Operational Data Guidance % CAPEX Budget FY21 FY20 (US$M) (US$M) % KIDECO Kideco 12.9 7.2 55.8% Production (MT) * 34/35.7 35.8 33.0 8.5% Indika Resources 7.7 3.0 39.0% Strip Ratio
Slide 9: Corporate Guidance - 2022
Corporate Guidance - 2022 FY 2021 2022 2022 Actual* Budget Change CAPEX Budget Operational Data Guidance (%) KIDECO (US$M) Production (MT)* 35.8 34.0 -5.0% Kideco 17.0 Strip Ratio (x) 5.0 5.5 10.0% Indika Resources 14.0 Newcastle Benchmark ($/ton) 137.3 103.5 -24.6% Average Selling Price ($/ton) 61.
Slide 10: Indika Energy – Strong Cash Position
Indika Energy – Strong Cash Position Cash and Debt Breakdown as of 31 Dec 2021* Petrosea’s Cash & Debt 4) US$ million 1800.0 As 31 Dec 2021 1,462.2 1600.0 29.4 Cash 89.3 Other Financial Assets 24.4 1400.0 299.5 Total Cash & Other 1200.0 Fin Assets 113.7 1) 1000.0 986.5 800.0 126.9 Bank Loan 103.3 1,
Slide 11: Indika Energy – Sound Balance Sheet
Indika Energy – Sound Balance Sheet Cash Breakdown by Subsidiaries LTM Free Cash Flow US$ million US$ million HoldCo & Others Kideco Petrosea Tripatra MBSS 700 596.8 62.9 600 113.7 500 34.6 40 35.2 42.7 40.3 450.2 400 133.6 134.4 323.0 152.5 154.3 59.6 81.3 300 84.7 187.5 211.0 198.4 144.4 171.3 176
Slide 12: Highlights of Recent Key Events
Highlights of Recent Key Events GoI Imposed Export Ban on Coal for All Coal Producers During Jan 22 • On 31 Dec 2021 GoI issued export ban to all coal producers for the month of January 2022, due to lack of domestic supply • PLN, the state power utility, reported that about 20 coal fired power plant
Slide 13: Thermal Coal Price
Thermal Coal Price USD/ton 250.0 232.5 200.0 183.9 167.5 150.0 111.5 117.5 89.2 100.0 103.4 106.6 102.4 66.1 85.0 92.4 56.4 75.6 65.9 63.9 54.2 64.9 68.4 54.3 45.2 52.1 92.5 69.0 50.0 52.1 53.3 49.3 72.8 45.7 47.1 44.4 45.1 43.0 44.8 36.4 36.3 35.4 54.2 48.0 41.6 33.5 35.5 37.6 33.0 34.2 34.4 40.8 2
Slide 14: Our Diversified Business Portfolio
Our Diversified Business Portfolio
Slide 15: Net-Zero
Indika Energy has set out bold aspirations as part 50% non-coal revenue by 2025 of its ESG commitment Net-Zero emissions by 2050 2
Slide 16: Transforming into a diversified business portfolio
Transforming into a diversified business portfolio Current: Coal as core business Future: Diversified Business Portfolio Business that ✓ Diversified Business relies on coal, from Portfolio resources, ✓ Significant growth services and ✓ Less volatility infrastructure ✓ ESG investment Funding - Key Co
Slide 17: Indika Energy People Know Today / The Future of Indika Energy
Indika Energy People Know Today The Future of Indika Energy Strong capabilities across the entire coal value chain Unlocking sustainable development in Indonesia Logistic assets, EPC Field exploration of coal Energy Logistics & services, infrastructure, resources, production and trading GAPURA TERMI
Slide 18: Diversification Investments – Minerals
Diversification Investments – Minerals Developing Gold Asset Project through Nusantara Resources A Strategic investment in Nusantara Resources Limited (ASX: NUS). Nusantara owned 100% PT Masmindo Dwi Area which has sole rights to exploit in Awak Mas Gold Project Location : South Sulawesi, 370 km fro
Slide 19: Diversification Investments – Minerals
Diversification Investments – Minerals Completed Further Acquisition to Accelerate Development of Awakmas Gold Project Ownership in Gold Project Indika energy has direct and indirect 100% ownership in Investment in Gold Project Awakmas project Amount Period Investment (US$ M) Indika Energy Dec-18 In
Slide 20: Diversification Investments – Logistics & Infrastructure
Diversification Investments – Logistics & Infrastructure Kariangau Fuel Tank Storage Is Up and Running Build and operate fuel storages exclusively for ExxonMobil Phase 1 Location : Balikpapan, Kariangau, East Kalimantan Project Company : PT Karingau Gapura Terminal Energy Total Project Cost : US$115
Slide 21: Diversification Investments – Logistics & Infrastructure
Diversification Investments – Logistics & Infrastructure Patimban Port ▪ A strategic infrastructure project development; as the first integrated supply chain port in Indonesia ▪ On 30 Dec 20, Ministry of Transport has appointed a consortium, as operator of Patimban Port for Phase 1 ▪ Indika joined t
Slide 22: Diversification Investments – Green Businesses: Solar Power – EMITS
Diversification Investments – Green Businesses Solar Power – EMITS • Formed a JV to develop solar power business with Fourth Partner Energy Limited (4PEL), India’s leading solar developer, called Empat Mitra Indika Tenaga Surya (EMITS), with 51% stakes. • EMITS will provide a one-stop-shop, renewabl
Slide 23: Solar Power – EMITS Has 40MWp Projects in Pipeline
Diversification Investments – Green Businesses Solar Power – EMITS has Total of 40MWp Projects in the Pipeline • Have installed almost 1MWp in Kideco’s site and INDY’s office building in Bintaro area • Appr. 10MWp to be developed for INDY’s consumption • Projects come from various sectors, located a
Slide 24: Solar Power – Huge Untapped Solar PV Potential in Indonesia
Diversification Investments – Green Businesses Solar Power – Huge Untapped Solar PV Potential in Indonesia 500 GWp Solar PV Potential EMITS corporate structure Indika Tenaga Baru & Green Energy, Accelerated. 51% 49% JV Co Established in March 2021 Focused Area on C&I Market 24
Slide 25: Indonesia to Rely More on New and Renewable Energy
Diversification Investments – Green Businesses Solar Power – Indonesia is to Rely More on New and Renewable Energy (NRE) National Primary Energy Mix (MTOE) 2014 2025 NRE, 4.2 2050 Gas, NRE, 23 18.6 NRE, 31 Gas, 22 Gas, 24 Fuel, 43.0 Coal, Coal, Fuel, Coal, 25 34.2 30 25 Fuel, 20 ~400 MTOE 197 MTOE ~
Slide 26: Solar Power - Govt Boosts the Use of Solar PV
Diversification Investments – Green Businesses Solar Power - Govt Boosts the Use of Solar PV Policy To increase Solar Power capacity Utilisation of rooftop for solar panel RUEN • Target to develop solar power capacity by 2025 6.5GW 30% Requirement to utilize minimum of 30% rooftop area on government
Slide 27: Industrial Forestry – Indika Multi Properti
Diversification Investments – Green Businesses Industrial Forestry – Indika Multi Properti Through Indika Multi Properti, we are developing more than 170,000 ha industrial forest area, located in East and Central Kalimantan • Wood pellets for biomass (for co-firing) with effective area for plantatio
Slide 28: Industrial Forestry – Large Size Forestry Concession Area
Diversification Investments – Green Businesses Industrial Forestry – Large Size Forestry Concession Area >170,000 Ha in East & Central Kalimantan DPP 99% 75% 96% 80% PT Jaya Bumi PT Diva Perdana PT Telaga Mas PT Trisetia Cita Paser Persona Kalimantan Graha (JBP) (DPP) (TMK) (TCG) TCG TMK JBP Annual
Slide 29: Electric 2W – Established EMI to Develop EV Business
Diversification Investments – Green Businesses Electric 2W – Established EMI to Develop EV Business in Indonesia • Indika Energy established 100% owned subsidiary PT Electra Mobilitas Indonesia (EMI), in March 2021 to develop 2W electric vehicle business as mobility solution in Indonesia ✓ Ecosystem
Slide 30: Electric 2W – EMI's Vision
Diversification Investments – Green Businesses ‘ Electric 2W – EMI’s Vision to be the Leading E-Mobility Brand In Indonesia Leading e-mobility brand in Indonesia Preferred ecosystem partner & experience beyond bike (charge, app, partners) 30
Slide 31: Electric 2W – Indonesia is 3rd Largest Market for 2W
Diversification Investments – Green Businesses Electric 2W – Indonesia is the 3rd Largest Market for 2W in the World 2W ownership penetration, by country, 2019-20 # owned per 100 population Indonesia EV vehicle sales1, Million vehicles Total Addressable Market ~US$ 7 Bn in 2035 E2W penetration2 1. I
Slide 32: EV Sector - MOU to Develop EV Ecosystem in Indonesia
EV Sector - MOU to Develop EV Ecosystem in Indonesia IBC MOU Electric Battery Industry Electric Vehicle Industry Supporting Industries Value Cell, ESS, Precursor, R&D Chain module exchange cathode, 2-wheel EV 4-wheel EV E-Bus of Battery & & battery stations anode pack EV & recycling INDY signed MOU
Slide 33: EV Sector – Government Sets Up Favourable Policy
EV Sector – Government Sets Up Favourable Policy in EV Sector • Indonesia has aligned with global efforts to adopt EVs as a mean to tackle GHG emissions. The government plans to introduce EVs to the public under the Low Carbon Fiscal Incentives Non-Fiscal Incentives Emission Vehicles(LCEV) scheme. •
Slide 34: Divestment - Signed CSPA to divest 69.8% shares in PTRO
Divestment - Reducing Exposure in Coal Related Business Signed CSPA to divest 69.8% shares in PTRO ✓ One of strategic directions to diversify away from coal PT Petrosea Tbk ✓ Signed CSPA to divest 69.8% stake in PTRO on 18 Feb 22 to PT Caraka Reksa Optima (“CARA”) * • a multi-disciplinary contract m
Slide 35: Divestment - Completed the Sale of MBSS in Oct 2021
Divestment - Reducing Exposure in Coal Related Business Completed the Sale of MBSS in Oct 2021 ✓ One of strategic directions to diversify away from coal ✓ Signed CSPA to divest 51.0% stake in MBSS on 6 Aug 21 PT Mitrabahtera Segara Sejati Tbk to PT Galley Adhika Arnawama (“GAA”) * ✓ Transaction valu
Slide 36: Net-Zero
Indika Energy has set out bold aspirations as part 50% non-coal revenue by 2025 of its ESG commitment Net-Zero emissions by 2050 2
Slide 37: ESG: Setting 2025 Target Across Key ESG Metrics
ESG: Setting 2025 Target Across Key ESG Metrics for Indika Energy 37
Slide 38: ESG: Key Initiatives Across Subsidiaries
ESG: We Also Identified Key Initiatives Across Subsidiaries to Drive ESG Impact Environmental Social Governance • Install solar cells with • Develop settling pond • Develop flagship • Establish (409 kWp and 11 MWp mud removal with community Sustainability planned capacity at slurry pump development
Slide 39: ESG: Environmental - Implementing Digital Technology in Mining Operations
ESG: Environmental - Implementing Digital Technology in Mining Operations Target Reduce GHG emissions intensity by 10% by 2025 Fuel consumption Provide real-time monitoring of fuel performance with capturing Our key actions Man, machine and environment parameters. Then integrate with operator indivi
Slide 40: ESG: Environmental - Installing Solar PV at our Operational Area
ESG: Environmental - Installing Solar PV at our Operational Area Target Reduce GHG emissions intensity by 10% by 2025 Our key actions Solar PV at Kideco, East Kalimantan ▪ To replace the electrical power currently supplied by diesel generators with solar PV. The system implemented and started to ope
Slide 41: ESG: Environmental - Adopting the Use of B30 Biodiesel
ESG: Environmental - Adopting the Use of B30 Biodiesel Target B30 out of Total Fuel Usage Reduce GHG emissions intensity by 10% by 2025 MUTU Kideco Our key actions Complying with regulations In 2020, the Indonesian government set out a regulation about the mandatory use of B30 diesel, a blend that u
Slide 42: ESG: Environmental - Land Reclamation and Reforestation
ESG: Environmental - Increase Land Reclamation and Reforestation Program Target Increase land reclamation by 20% by 2025 Our key actions Reclamation and reforestation programs In 2020, our total reclamation area reached 5,101 Ha. In addition to that, we offset our emissions by investing in reforesta
Slide 43: ESG: Social - Prioritizing Employee's Health and Safety
ESG: Social - Prioritizing Employee’s Health and Safety Target Maintain zero fatalities in all of our operations Our key actions Digitalization of health and safety reporting In 2020, Petrosea leveraged digital apps to improve health and safety reporting. Petrosea designed two mobile apps, called SH
Slide 44: ESG: Social - Enhancing Community Development
ESG: Social - Enhancing Community Development Target Highlights initiatives Spend 1% of EBIT annually for community development by 2025 In 2021 Indika Energy Group disbursed IDR 137 billion for a total of 70 community development initiatives in its operational areas, including COVID 19 relief activi
Slide 45: ESG: Social - Enhancing Community Development
ESG: Social - Enhancing Community Development Our key actions As a part of our health pillar, we carried out a number of COVID-19 relief initiatives Rice package donation #SwabAndSaveIndonesia Rumah Oksigen Gotong-Royong Oxygen cylinders and ISO tank Indika Energy Group Indika Energy Group donated R
Slide 46: ESG: Governance - Initiatives at the Holding Level
ESG: Governance - Implementing Various Initiatives at the Holding Level Initiatives Status 1 Obtain Anti-Bribery Management System 37001 Done Strengthen risk management through the Audit, Risk, and Compliance Committee and an in-house Done 2 web-based management system (PRISMA) 3 Strengthen manageme
Slide 47: ESG: Upgrades of ESG Scores by Two Global Providers
ESG: Upgrades of ESG Scores by Two Independent Global Providers from ‘BB’ to ‘BBB’ from 44.2 (Severe Risk) to 38.1 (High Risk) Last update: 22 December 2020 Last update: 24 June 2021 Score: BBB Score: 38.1 (High Risk) • The company falls into the • Exposure: Overall exposure is average scoring range
Slide 48: Appendix
INDIKA ENE 48
Slide 49: Kideco's cash cost ex-royalty manageable despite oil price fluctuation
Kideco’s cash cost ex-royalty has always been manageable despite fluctuation of oil price. US$/liter US$/bbl US$ per ton SR (X) 2.00 80.0 50.0 8.0 68.0 71.7 70.0 7.0 6.7 64.2 40.0 6.3 6.3 6.3 1.50 60.0 6.0 6.0 5.7 5.0 53.6 54.7 30.9 31.2 50.0 29.6 29.2 5.0 30.0 27.6 28.0 27.0 45.1 43.2 1.00 40.0 4.0
Slide 50: Indika Energy, Indonesia's leading fully integrated energy company
Indika Energy, Indonesia’s leading fully integrated energy company PT Indika Energy Tbk. 1 ▪ Energy Resources 2 ▪ Energy Services 3 Energy Infrastructure 4 ▪ Other Portfolios - Established since 2007 - Established since 2011 - Established since 1991 - 20.0% owned 660MW, enviro- - Investment company
Slide 51: Group synergy and multi-sector expertise
As a Group, Indika Energy creates synergy and offers comprehensive set of multi-sector expertise and competencies Synergy across the Group Example: IEG end-to-end competencies in coal value chain Identification / • Operational synergy from intra-Group cross-selling acquisition of assets resources op
Slide 52: Indika Energy Subsidiary Results
Indika Energy Subsidiary Results Petrosea Tripatra Cirebon Electric Power Interport Total Backlog Total Backlog 660MW Power Plant Logistic – Infrastructures & Services $1,219.1M $276.8M FY21 Net Income FY21 Net Income FY21 Net Income FY21 Net Income $33.8M -$30.6M $7.0M (20% Indika) $2.8M FY21 EBITD
Slide 53: Indika Energy's Subsidiaries Backlog
Indika Energy’s Subsidiaries Backlog New Contract/ Remaining Contract Revenue Remaining Contract Adjustment Value Descriptions Value Recognition Value in 2020 Per 31 Dec 2020 Per 31 Dec 2021 Per 31 Dec 2021 Petrosea Contract mining 750.6 675.2 296.0 1,129.8 E&C 47.3 78.9 64.0 62.2 POSB 32.1 7.7 12.7
Slide 54: Indika Energy's Financial Highlights
Indika Energy’s Financial Highlights Revenues (USD mn) Gross Profit (USD mn) Operating Profit (USD mn) 3,500.0 800 772.7 3,069.2 918.1 2,962.9 910 700 3,000.0 780 600 2,500.0 641.2 508.1 2,783 650 500 2,000.0 1,813.8 520 400 426.7 1,500.0 289.5 1,098.8 390 300 1,000.0 260 173.3 200 122.9 71.9 500.0
Slide 55: Key Business and Credit Ratios
Indika Energy’s Key Business and Credit Ratios Adj EBITDA* (USD mn) & Adj EBITDA Margin (%) Gross Debt & Net Debt / Adj. EBITDA (x) Debt / Capital (%) 1,000.0 977.5 35.0% 68.0% 7.0 32.3% 6.2 66.1% 30.0% 66.0% 800.0 6.0 63.7% 26.6% 652.5 25.0% 4.9 64.0% 5.0 600.0 20.0% 62.0% 15.7% 59.9% 15.6% 436.0 1
Slide 56: Kideco – Leading Coal Producer in Indonesia
Kideco – Leading Coal Producer in Indonesia • Third largest coal producer in Indonesia • Environmental friendly thermal coal with ultra-low sulphur of 0.1% and low ash of (2.1% to 4.9%) • Attractive location with well-built infrastructure, and integrated value chain within the group, allowing for st
Slide 57: Kideco's Financial Highlights
Kideco’s Financial Highlights Revenues (USD mn) Gross Profit (USD mn) Operating Profit (USD mn) 900 835.4 2,400 2,196.9 800 773.7 800 2,000 700 1,802.2 700 1,633.0 1,574.2 600 1,600 600 527.8 492.1 500 469.4 450.3 1,249.5 500 1,200 400 400 800 300 248.5 300 208.2 177.1 200 200 138.3 400 100 100 0 0
Slide 58: Kideco's Operational Highlights
Kideco’s Operational Highlights Cash Cost Breakdown Coal Production (mn ton) Coal Sales (mn ton) Labor O/H 45.0 45 1.2% 10.1% Freight 35.8 34.9 35.8 6.0% 34.0 34.3 33.0 34.1 33.0 32.0 31.5 30.0 30 Material Contract 9.9% Mining + Rental 51.0% 15.0 15 Gov. Royalty 21.8% 0.0 0 2017 2018 2019 2020 FY21
Slide 59: Kideco's Operational Highlights
Kideco’s Operational Highlights Quarter Data YTD Summary P&L (US$mn) 4Q21 4Q20 YoY 3Q21 QoQ FY21 FY20 YoY Sales 710.8 330.9 114.8% 609.3 16.7% 2196.9 1249.5 75.8% Gross profit 355.9 47.5 648.7% 239.6 48.5% 835.4 177.1 371.8% Operating profit 333.7 37.2 796.5% 223.6 49.2% 773.7 138.2 460.0% Net incom
Slide 60: Peer Comparison (9M21 Data)
Peer Comparison (9M21 Data) PRODUCTION ANNUAL (MT) STRIP RATIO (x) CASH COSTS ex Royalty (US$/t) 60 12 60 53 11 53 50 10 50 39 40 36 8 40 36 33 31 30 6 5.1 30 4.5 4.4 20 18 20 4 10 2 10 0 0 - ADRO INDY * PTBA ITMG PTBA ADRO INDY * ITMG ADRO PTBA INDY * ITMG EBITDA MARGIN Domestic Sales/ Total (DMO 2
Slide 61: Petrosea's Financial Highlights (1)
Petrosea’s Financial Highlights (1) * Revenues (USD mn) Gross Profit (USD mn) Overburden Removal (mbcm) 600 100 140 81.1 121.1 123.5 120.6 500 465.7 476.4 80 73.1 74.9 74.9 415.7 105 97.6 94.4 400 340.7 313.5 60 300 45.7 70 40 200 35 100 20 0 0 0 2017 2018 2019 2020 FY21 2017 2018 2019 2020 FY21 201
Slide 62: Petrosea's Financial Highlights (2)
Petrosea’s Financial Highlights (2) * Revenues Breakdown by Value FY21: US$415.5 mn FY20: US$340.7 mn Others Others 0.6% 1.5% PLSS POSB 12.1% 17.6% E&C 15.4% E&C 19.3% Contract Contract Mining Mining 61.6% 71.9% * Cost Structure FY21: US$341.2 mn FY20: US$265.8 mn Rental Others Rental Others 2.3% 1.
Slide 63: Tripatra's Financial Highlights (1)
Tripatra’s Financial Highlights (1) Revenue (USD mn) Gross Profit (USD mn) Net Profit* (USD mn) 500 462.3 35 28.4 45.0 25.8 50 41.7 28 37.5 21 16.9 375 35 14 301.0 7 274.8 278.3 0 20 250 233.3 -7 2017 2018 2019 2020 FY21 5 -14 -21 125 -10 2017 2018 2019 2020 FY21 -28 -21.6 -6.0 -35 -42 -25 -49 -43.5
Slide 64: Tripatra's Financial Highlights (2)
Tripatra’s Financial Highlights (2) * Revenues Breakdown by Value FY21: US$232.8 mn FY20 : US$299.4 mn TPE TPE 10.6% 8.6% TPEC 89.4% TPEC 91.4% Cost Structure FY21 US$239.3 mn FY20: US$332.4 mn Others 11.9% Rental 8.1% Rental Others 5.2% 16.0% Constructions Constructions 41.8% Travel Travel 43.3% 13
Slide 65: Indika Resources' Financial Highlights
Indika Resources’ Financial Highlights Revenues (USD mn) Cost of Good Sold (USD mn) Gross Profit (USD mn) 600.0 500.0 100.0 491.4 417.4 500.0 400.0 80.0 74.0 359.4 398.8 400.0 306.5 300.8 319.8 325.9 300.0 60.0 300.0 200.0 167.9 40.0 36.2 190.5 200.0 22.6 21.3 100.0 20.0 13.3 100.0 - - - 2017 2018 2
Slide 66: Indika Resources' Financial Highlights (2)
Indika Resources’ Financial Highlights (2) * Revenues Breakdown FY21: US$491.4 mn FY20: US$155.0 mn MUTU MUTU 29.5% 40.5% Coal Trading Coal 59.5% Trading 70.5% MUTU ASP (USD/ton) * MUTU Cash Cost ex Royalty (USD/ton) 100 93.0 70 87.6 62.2 61.3 60.3 78.3 76.3 60 80 53.2 50 46.6 60.1 60 40 40 30 20 20
Slide 67: Interport's Financial Highlights
Interport’s Financial Highlights Revenues (USD mn) Revenue Breakdown FY21 Gross Profit (USD mn) 35.0 Others 20.0 10.0% 28.7 29.0 IBP 18.0 30.0 8.5% 16.0 25.0 14.0 20.0 12.0 15.2 10.0 8.7 15.0 8.0 7.2 10.0 6.0 5.7 KGTE 81.5% 4.0 3.2 5.0 2.0 2.0 - 2017 2018 2019 2020 FY21 - 2017 2018 2019 2020 FY21 Ne
Slide 68: Notes Outstanding
Notes Outstanding Ba 3 Stable Outlook (as of Oct. 2021) The Senior BB - / Negative Outlook Notes are rated: International Ratings (as of Aug 2021) A + / Negative Outlook National Ratings (as of Aug 2021) Indo Energy Capital III Pte. Ltd. Indo Energy Capital IV Pte. Ltd. USD575.0 mn USD675.0 mn 5.875
Slide 69: Strong Focus on and Commitment to ESG Initiatives
Strong Focus on and Commitment to ESG Initiatives Environmental Social Responsibility Governance ✓ Comply with all Indonesian environmental laws, ✓ Focus on supporting long-term economic growth and improving the quality of life in regions of operation ✓ Continuously implementing and improving good r
Slide 70: Our Commitment to Good Governance
Our Commitment to Good Governance Strong Business Ethics Board Diversity Share Buyback Obtained Board of Directors is The Company bought back 7.5 million shares with ISO37001:2016 for Anti- Bribery Management 20% Female average price of Rp 692.99 per share. System from British Standard Institute New
Slide 71: Thank You
INDIKA ENERGY THANK YOU 71