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20231130_BUMI_Laporan Informasi dan Fakta Material_31544233_lamp2.pdf
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Bakrie Tower,12th floor
Komplek Rasuna Epicentrum
Jl. H.R. Rasuna Said
Jakarta, INDONESIA 12940
Website: www.bumiresources.com
Company Information
BUMI ANNOUNCES SEPTEMBER 2023 RESULTS
− CHALLENGING MARKET AND ECONOMIC CONDITIONS AFFECT REVENUE
− PRETAX PROFIT US$225.6 MILLION
− OPERATING PROFIT US$265.7 MILLION
− NET INCOME DROPS TO US$58.3 MILLION DUE 28% LOWER COAL PRICE, HIGH FUEL
IMPACT AND LEVIES
Jakarta, 30 November 2023
PT Bumi Resources Tbk. (“BUMI” or “The Company”) confirms that the summarized Financial Statement for
9M’2023 has been published. The detailed limited audit with notes are already available posted- on IDX and
BUMI websites.
Attached for your information is:
a) The Income Statement for September 2023 results is PSAK 66 compliant ie consolidates Arutmin but equity
accounts KPC (Appendix 1).
b) The Consolidated Income Statement 9M 2023, including KPC, is highlighted below for benefit of investors
and compared YOY (Appendix 2).
c) Operating Metrics of the BUMI on full basis for 9M 2023 (YOY) are attached (Appendix 3).
Comments on PSAK66 Performance 9M’2023 vs 9M’2022
Gross Revenue US$1,174.7 million vs US$1,394.8 million or decreased by 16%
Cost of Revenue US$1,095.8 million vs US$1,100.5 million or decreased by 0.4%
Gross Margin US$78.9 million vs US$294.3 million, decreased by 73%
Operating Expenses US$62.0 million vs US$69.2 million or decreased by 10%
Operating Income US$16.9 million vs US$225.0 million, decreased by 92%
Operating Margin 1.4% vs 16.1%
Income before Tax US$77.3 million vs US$524.6 million
Decreased by US$447.3 million or down 85%
Total Net Income US$68.5 million vs US$383.7 million
For the Period Decreased by US$315.2 million or down 82%
Total Net Income For The Year US$58.3 million vs US$365.5 million
Attributable to Owners of Decreased by USD 307.2 million or down 84%
The Parent Company
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Comments on Consolidated Performance 9M’2023 vs 9M’2022
Gross Revenue US$4,761.3 million vs US$6,258.8 million or decreased by 24%
Cost of Revenue US$4,322.5 million vs US$4,420.1 million or decreased by 2%
Gross Margin US$438.8 million vs US$1,838.7 million, decreased by 76%
Operating Expenses US$173.1 million vs US$201.9 million or decreased by 14%
Operating Income US$265.7 million vs US$1,636.8 million, decreased by 84%
Operating Margin 5.6% vs 26.2%
Income before Tax US$225.6 million vs US$1,464.5 million
Decreased by US$1,238.9 million or 85%
Total Net Income US$147.4 million vs US$819.2 million
For the Period Decreased by US$671.7 million or 82%
Total Net Income For The Year US$58.3 million vs US$365.5 million
Attributable to Owners of Decreased by USD 307.2 million or 84%
The Parent Company
Highlights on Consolidated Financials and Operation YTD Sept 23 vs Lastyear
• Gross revenue dropped to US$4.76 billion vs US$6,26 billion in YTD Sep 22 or a sharp decline by 24% due to
a) Significant decline in coal price vs record benchmark levels last year
b) Greater uncertainty in markets
c) Geopolitical and global economic factors
• Royalty (32% of gross revenue), taxes, subsidized domestic prices, stubbornly high fuel prices, higher supply
and production in India, China and Indonesia.
• Overburden Removed increased to 571.2 mbcm (vs 475.5 mbcm last year) or an increase by 20%.
• Even though production and sales volume was 5% higher than last year, the 28% drop in coal price severely
impacted realizations in softening market conditions.
• As mentioned before, higher sales volume was neutralized by the 28% decline in realized coal price to US$85.2/t
(vs US$118.7/t last year).
• Our priority continues to be in fulfilling our Domestic Market Obligation (DMO).
• Cost optimization, digitalization, an enriched mix to raise realizations, matching output to market requirement
and lower inventory to optimize working capital are key priorities at present.
Current Full Year 2023 Guidance
Volume : 75MT – 80MT
Price : US$80/t - US$90/t
Production Cash Cost : US$55/t - US$60/t
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Annual Public Expose 2023
Our virtual annual Public Expose is being held on 6 Dec 23 at 10 am (Jakarta time). Prior registration is advised
as per announcement attached (Appendix 4). You are invited to join.
For further information, please contact:
Dileep Srivastava
Director & Corporate Secretary
PT Bumi Resources Tbk.
Tel (62-21) 5794 2080
Fax (62-21) 5794 2070
email dileep@bumiresources.com
www.bumiresources.com
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Appendix - 1
PSAK66 Income Statement 9M’2023 vs 9M’2022
30 Sept/Sept 30, 2023 30 Sept/Sept 30, 2022
Setelah PSAK 66 Setelah PSAK 66
After PSAK 66 After PSAK 66
PENDAPATAN 1,174,724,674 1,394,806,179 REVENUES
BEBAN POKOK PENDAPATAN (1,095,797,903) (1,100,531,707) COST OF REVENUES
LABA BRUTO 78,926,771 294,274,472 GROSS PROFIT
BEBAN USAHA (62,004,438) (69,226,324) OPERATING EXPENSES
LABA USAHA 16,922,333 225,048,148 OPERATING INCOME
(BEBAN) PENDAPATAN LAIN-LAIN - NETO 60,405,867 299,554,932 OTHER (EXPENSE) INCOME - NET
LABA SEBELUM BEBAN INCOME BEFORE INCOME
PAJAK PENGHASILAN 77,328,200 524,603,080 TAX EXPENSE
BEBAN PAJAK PENGHASILAN (6,717,300) (118,754,557) INCOME TAX EXPENSE
LABA NETO SETELAH PAJAK 70,610,900 405,848,523 NET INCOME AFTER TAX
BAGI HASIL (2,146,209) (22,172,608) PROFIT SHARING
LABA NETO 68,464,691 383,675,915 NET INCOME
Total Laba Tahun Berjalan Yang Dapat Total Net Income For The Year
Diatribusikan Kepada: Attributable To:
Pemilik Entitas Induk 58,264,457 365,490,837 Owners of the Parent Company
Kepentingan Non-Pengendali 10,200,234 18,185,078 Non-Controlling Interests
68,464,691 383,675,915
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Appendix - 2
Consolidated Income Statement 9M’2023 vs 9M’2022 – Including KPC & Arutmin
30 September / 30 September /
September 30, 2023 September 30, 2022
Metode Konsolidasi/ Metode Konsolidasi/
Consolidation Method Consolidation Method
PENDAPATAN 4,761,287,918 6,258,832,145 REVENUES
BEBAN POKOK PENDAPATAN (4,322,500,029) (4,420,103,998) COST OF REVENUES
LABA BRUTO 438,787,889 1,838,728,147 GROSS PROFIT
BEBAN USAHA (173,081,085) (201,924,487) OPERATING EXPENSES
LABA USAHA 265,706,804 1,636,803,660 OPERATING INCOME
(BEBAN) PENDAPATAN LAIN-LAIN - NETO (40,108,310) (172,257,180) OTHER (EXPENSE) INCOME - NET
LABA SEBELUM BEBAN INCOME BEFORE INCOME
PAJAK PENGHASILAN 225,598,494 1,464,546,480 TAX EXPENSE
BEBAN PAJAK PENGHASILAN (58,402,320) (524,509,741) INCOME TAX EXPENSE
LABA NETO SETELAH PAJAK 167,196,174 940,036,739 NET INCOME AFTER TAX
BAGI HASIL (19,754,835) (120,858,600) PROFIT SHARING
LABA NETO 147,441,339 819,178,139 NET INCOME
Total Laba Tahun Berjalan Yang Dapat Total Net Income For The Year
Diatribusikan Kepada: Attributable To:
Pemilik Entitas Induk 58,264,457 365,490,837 Owners of the Parent Company
Kepentingan Non-Pengendali 89,176,882 453,687,302 Non-Controlling Interests
147,441,339 819,178,139
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Appendix - 3
Operational Summary (ON FULL BASIS) - 9M’2023 vs 9M’2022
Q1-23 Q2-23 Q3-23 9M-23 9M-22
Var
Actual Actual Actual Actual Actual
KPC
Overburden mbcm 129.0 137.5 166.5 433.0 371.3 17%
Strip ratio bcm/tmined 11.8 10.2 10.6 10.8 9.9 9%
Coal Mined mt 10.9 13.5 15.7 40.1 37.6 7%
Coal Sales mt 10.7 13.1 14.7 38.4 35.7 8%
FOB Prices $/t 109.4 93.0 78.7 92.1 135.1 -32%
2a
Inventory mt 2.5 2.8 4.2 4.2 2.2 91%
ARUTMIN
Overburden mbcm 43.2 45.4 49.6 138.2 104.1 33%
Strip ratio bcm/tmined 8.3 7.9 9.7 8.6 6.4 33%
Coal Mined mt 5.2 5.8 5.1 16.1 16.2 0%
Coal Sales mt 4.8 6.0 5.1 15.9 16.2 -2%
1
FOB Prices $/t 90.9 66.8 49.3 68.4 82.8 -17%
Inventory2a, 2b mt 0.7 0.4 0.4 0.4 0.3 38%
COMBINED
Overburden mbcm 172.2 182.9 216.1 571.2 475.5 20%
Strip ratio bcm/tmined 10.7 9.5 10.4 10.2 8.9 15%
Coal Mined mt 16.1 19.3 20.8 56.2 53.7 5%
Coal Sales mt 15.4 19.1 19.8 54.3 51.9 5%
FOB Prices1 $/t 103.7 84.7 71.1 85.2 118.7 -28%
Inventory2 mt 3.1 3.2 4.6 4.6 2.5 85%
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Appendix - 4
Bakrie Tower,12th floor
Komplek Rasuna Epicentrum
Jl. H.R. Rasuna Said
Jakarta, INDONESIA 12940
Website: www.bumiresources.com
Company Information
PT Bumi Resources Tbk. | Annual Public Expose 2023 – Dial in Details
Jakarta, 29 November 2023
PT Bumi Resources Tbk. is holding their mandatory Annual Public Expose 2023, on 9M’23 Results, virtually
with the following details:
Event : Annual Public Expose 2023
Date : December 6, 2023 (Wednesday)
Time : 10:00am Jakarta Time/11:00am Hong Kong Time/3.00am London Time/10.00pm NY
Time
To join the call, please click below link to register before the call & a Confirmation email with the webinar
link will be sent upon registration.
https://bit.ly/2023BUMIANNUALPUBLICEXPOSE
Or access this barcode:
You are invited to join this call in case this is of interest and look forward to your participation.
For further information, please contact:
Dileep Srivastava
Director & Corporate Secretary
PT Bumi Resources Tbk.
Tel (62-21) 5794 2080
Fax (62-21) 5794 2070
email dileep@bumiresources.com
www.bumiresources.com
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