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PUBLIC EXPOSE
PT Surya Biru Murni Acetylene Tbk
Balikpapan, 29 November 2023
corsec@suryabiru.co.id @sbma.oxygen
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Disclaimer
PT Surya Biru Murni Acetylene Tbk would like to emphasise that this presentation is prepared solely for the purpose of
general information. The contents of this presentation are as of the date of preparation and are subject to change
without prior notice. PT Surya Biru Murni Acetylene Tbk and all its affiliates, employees, and agents are not liable for any
errors, omissions, or inaccuracies in this presentation and do not assume responsibility for any actions that may be
taken based on the contents of this presentation.
We would like to remind you that this presentation may contain forward-looking statements involving certain risks and
uncertainties related to future events. Therefore, readers and listeners are cautioned not to overly rely on such
statements. PT Surya Biru Murni Acetylene Tbk is not obligated to publicly release updates or revisions of statements
relating to estimated future events.
corsec@suryabiru.co.id @sbma.oxygen
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Management
Public 30.1%
President Director Deputy Director Director of Operation Director of Finance*
Rini Dwiyanti Welly Sumanteri Iwan Sanyoto Ingo Steil Controlling shareholder
PT Surya Biru Titilea
Investama (62.91%)
Tiffany Wei
(6.99%)
President Commissioner Independent com. Commissioner
M. Slamet
Effendi Brotosiswoyo Dinawati
*) The change of management based on the general meeting of shareholders held on May 26, 2023.
corsec@suryabiru.co.id @sbma.oxygen
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Company Profile
PT Surya Biru Murni Acetylene Tbk was established in
1980 under the name PT Surya Acetylene, which was
later renamed and has been using the current name
since 1982. Since its inception, SBMA has been involved
6 Hubs 2021 IDR 52 Billion in the industrial gas sector, with its first product being
Samarinda Initial Public Offering Public fund raising Acetylene Gas. We began producing Oxygen Gas in
Bontang on September 8th, for factory 1994 and have since continued to grow in line with
Tanjung Tabalong 2021. development. business trends. Currently, we have diversified our
Berau
product offerings in the Industrial Gas sector.
Tarakan
Nunukan
corsec@suryabiru.co.id @sbma.oxygen
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Company Highlights
Revenue & Profit Liabilities & Equities
+12%
Revenue increased by 12% from We have 2% increment in both
2022. We face decrement in net liabilities and equities.
+2%
profit for YoY but manage to
stabilize 5,8% of NPM from 2022
year book.
82 Billion 275 Billion
Assets Production
We managed to finish our plant
development projects resulting in +3% Our liquid production has
245%
increased 245% last year and our
increment on our fixed assets.
gas production has increased 6%.
235 Billion all numbers in IDR 240,000+ cyl.
unless stated otherwise
corsec@suryabiru.co.id @sbma.oxygen
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Industrial Gas
Gas Acetylene, Oxygen, Nitrogen,
Argon, Carbon Dioxide, Argon Mix,
and special gases for laboratory
Product
1. testing,
gases,
industrial
along
are
gases
with other
available.
are sold
mixed
These
in
cylinders.
Highlights Liquid
2.
Liquid Oxygen, Nitrogen, and
Our Industrial gas contributed 84% of Argon are available for
our revenue with our highlight products purchase. These liquids are sold
are Gas Acetylene, Gas Oxygen and Gas in bulk using ISO tanks or lorry
Argon. These gasses mainly used for tanks, as well as in smaller
welding process. containers such as VGL.
3. Services
In order to ensure the upkeep of our
products, we provide maintenance
services such as hydrotesting,
cylinder certification, and gas
testing.
corsec@suryabiru.co.id @sbma.oxygen
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Financial highlights 9M-2023
Profitability
Revenue Increment
Description (IDR mio) 9M - 2023 9M - 2022
Revenue significantly affected by the increment
of Acetylene, Oxygen , Carbon dioxide and liquid
product. Revenue +12% 82,064 73,424
COGS +30% (43,777) (33,473)
Optimize Gross Profit
Gross Profit -3% 38,287 39,951
With the new plant, our electricity cost
decreased up to 37% and expected to be felt on OPEX +1% (28,192) (27,971)
Q4 and 2024. Operational Profit* -30% 6,682 9,509
Cost efficiency Net Profit -36% 4,767 7,477
EBITDA -10% 12,644 14,115
With high COGS, we managed to optimize our
expenses to maintain positive profit.
*) Includes interest and other income
all percentages refer to YoY for 9 months
corsec@suryabiru.co.id @sbma.oxygen
Page 8
Financial highlights 9M-2023
Description (IDR mio) 9M - 2023 2022 Balance
Asset Utilization and Cost Management
Asset +2% 274,983 269,606 A 2% increase in assets reflects our strategic
Liabilities +2% 59,814 58,534 investment to boost production efficiency and reduce
electricity costs.
Equity +2% 215,168 211,073
Liquidity Management
Despite a 2% decrease on current ratio, we've
Ratio 9M - 2023 2022 maintained cash flow stability, highlighting our
commitment to meeting operating expenses and
liabilities.
GPM 46.7% 50.3%
NPM 5.8% 4.3%
Net Profit Improvement
Return of Equity (ROE) - Annualize 2.9% 2.1% While YoY Net Profit Margin (NPM) has decreased,
Return of Asset (ROA) - Annualize 2.3% 1.7% compared to 9M-2022, our stability from 2022 is evident
Current Ratio (CR) 134% 136% through effective expense tracking, compliance efforts,
Debt to Equity Ratio (DER) 28% 28% and regular financial analysis.
corsec@suryabiru.co.id @sbma.oxygen
Page 9
Financial highlights 9M-2023 Financial growth Description (IDR mio) 9M - 2023 6M - 2023 3M - 2023 2022 Revenue 82,064 52,848 26,502 73,424 COGS (43,777) (30,262) (15,080) (33,473) Gross Profit 38,287 22,586 11,422 39,951 OPEX (28,192) (19,045) (9,132) (27,971) Operational Profit* 6,682 1,516 1,315 9,509 Net Profit 4,767 0,88 0,904 7,477 EBITDA 12,644 5,067 2,632 14,115 *) Includes interest and other income corsec@suryabiru.co.id @sbma.oxygen
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Financial highlights 2023
120
Financial Growth
8%
100
Impressive Growth
Substantial growth in 2023 compared to the previous 6%
year highlights our ability to bounce back and move
80
forward positively in terms of our finances.
IDR Billion
NPM
60 4%
COGS Challenges
Despite early challenges in Cost of Goods Sold (COGS),
Q3 showcased significant improvements. Reflecting our 40
implementation of production efficiency measures.
2%
20
Positive Turn in Q4
Anticipating continued positive momentum, our
strategic focus on operational efficiency positions, 0 0%
setting the stage for sustained growth in the future. Q1 Q2 Q3 Q4 *
2022 2023 NPM
*) Q4 2023 is forecast based on 2023 budget
corsec@suryabiru.co.id @sbma.oxygen
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120 12%
Financial highlights
Trends
100 10%
80 8%
IDR Billion
Over the last six years, the company consistently 60 6%
grew its revenue by 11% each year. While
maintaining 5% average profit. Recent challenges 40 4%
arose due to inefficient production equipment. To
20 2%
address this, the company is wisely investing in
upgrading these tools to improve efficiency and 0 0%
Q3 2022 2022 Q1 2023 Q2 2023 Q3 2023
manage costs. This strategic move reflects a
Revenue NPM
commitment to improvement and is expected to
restore profits to their historical averages.
Compound Annual Growth Rate (CAGR)
11%
Stable growth of Revenue
NPM average
5%
Stable NPM throughout years
corsec@suryabiru.co.id @sbma.oxygen
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MINING
30%
Business Highlight
20%
Market Overview
PETROCHEMICAL
OIL & GAS 15% Indonesia has been undergoing significant industrialization
and infrastructure development. This trend creates a growing
FABRICATION 10% demand for industrial gases in construction, metal fabrication,
and other manufacturing processes.
SHIPYARD 5% Key players Competitive Investment
landscape opportunities
PLANTATION 5% Strategic Strong market Capitalizing on
partnerships with presence to many infrastructure
key sectors. industries. development projects.
OTHERS 15%
corsec@suryabiru.co.id @sbma.oxygen
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Business Development
Business Growth
Gas
laboratory
Our strategy initiatives reflect our dedication to
innovation, sustainability, and operational excellence in
the field of industrial gas manufacturing.
We prioritize the technology innovation in our Cylinder Information Waste
Management System , Distributed Control System and Technology Management
Transportation Mapping System to ensure real-time
tracking and automated operations.
Our commitment to sustainability shown in our waste Business
management practices while complying to
environmental regulations. Furthering this commitment,
Development
we also engage in gas testing services to guarantee
the highest quality standards.
corsec@suryabiru.co.id @sbma.oxygen
Page 14
2024
Business
Cylinder
Management
Development
System
4 Projects Filling Station
Expanding our network with the establishment of
additional filling stations, aiming to optimize the
New products
distribution process.
ISO 17025
ISO 17025 ISO 17025 accreditation for our gas laboratory to ensure
Laboratory the highest standards in testing precision and
reliability.
New products
Filling Station New and innovative gas products, driven by
technological advancements and market demands on
special gases.
Cylinder Management System
Integrated Cylinder Management System to support
sales forecast, production and maintenance.
corsec@suryabiru.co.id @sbma.oxygen
Page 15
Corporate Strategy
Technology Innovation
Strategic Investment
Innovation on information
technology human resources
1 2 Strategic investments in lorry
Technology Strategic tank and supporting facilities
integrated system and
for our factories. This ensures
distribution and transportation Innovation Investment
safe and efficient gas
for real-time tracking, route
transportation while supporting
optimization, and IoT-enabled
optimal flexibility in production
monitoring.
and distribution.
Customer-Centric Approach Customer- Operational Excellence
Delivering tailored solutions to Centric Operational
Emphasize the importance of
meet clients' specific needs and Approach Excellence responding to market dynamics
providing responsive services to
and regulatory shifts and
enhance
satisfaction.
overall customer 3 4 efficiently respond to evolving
customer needs with
adaptability.
corsec@suryabiru.co.id @sbma.oxygen
Page 16
2023 recap Important Events 2023 has been a year of growth for us. The commercial start up on June, 26 of our Air Separation Plant Development Project marked a new era of our business. With higher capacity, more advanced technology and higher efficiency, we’re ready to deliver high quality product to our customer. Human Capital Quality Management Management We initiated the To demonstrate our commitment implementation of Human to quality, once again, we Capital Management, which successfully obtained our renewal has increased the certificate for ISO 9001:2015 from productivity of our team. Lloyd's Register. corsec@suryabiru.co.id @sbma.oxygen
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Thank You
Explore our high quality products and services.
Contact us to be part of a sustainable journey!
Instagram
@sbma.oxygen Address
Jl. Mulawaraman, RT 24,
Balikpapan - Indonesia
Collaboration Company Products
corsec@suryabiru.co.id marketing@suryabiru.co.id
Website Phone
www.suryabirumurni.co.id +62542 743555
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