Source file signed link, expires in 15 minutes
Extracted text 18
Page 1
PUBLIC EXPOSE 2023
“New Journey
for Excellence”
30 November 2023
VISI :
PERUSAHAAN JASA ENERGI TERKEMUKA
YANG MEMBERIKAN SOLUSI TOTAL.
Page 2
Disclaimer The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of PT Elnusa Tbk (the “Company“), nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from the use of this document or its contents or otherwise arising in connection with this document. This document is being furnished to you solely for your information on a confidential basis and may not be reproduced, redistributed or passed on, in whole or in part, to any other person. Any failure to comply with these restrictions may constitute a violation of the laws of any such other jurisdiction. By accepting this document you agree to be bound by the foregoing limitations. This document does not constitute or form part of an offer or invitation to purchase any shares in the Company and neither shall any part of it form the basis of nor be relied upon in connection with any contract or commitment whatsoever. Any decision to purchase shares should be made solely on the basis of information contained in the prospectus.
Page 3
AGENDA 01 Elnusa at a Glance 02 Business Outlook 03 Performance Highlight 04 Strategic Direction
Page 4
01 Elnusa at a Glance
Page 5
Shareholder Information
PT Pertamina (Persero) (99,99%)
Publik (48,9%) PT Pertamina Hulu Energi (51,103%)
OIL & GAS UPSTREAM SERVICES ENERGY DITRIBUTION & LOGISTICS SERVICES
• Fuel Fleet Management
• Seismic Data Acquisition
• Fuel Storage Management
• Seismic Data Processing
• Gasoline Station & LPG Filing Station
• Geological, Geophysical & Reservoir
• Specialty & Commodity Chemical Trading
• Well Drilling & Workover Services
• Well Intervention Services
• Engineering, Procurement SUPPORT SERVICES
& Construction
• Operation & Maintenance • Marine Support
• Data Management
• Fabrication
• OCTG Pipe Threading & Trading
Page 6
Elnusa in Subholding Upstream Pertamina
PT Pertamina (Persero)
Upstream Refining &
Commercial & Power & NRE
Petrochemical Gas Subholding Shipping Portfolio & Co
Subholding Trading Subholding Subholding
Subholding
Pembagian Regional Subholding Upstream
Regional 1
Regional 2
Regional 3
Regional 4
Regional 5
PDSI
ELNUSA
BADAK NGL
*) AP Services: 1. PDSI 2. ELNUSA
Page 7
02 Business Outlook
Page 8
Industry Outlook
Global Oil Supply & Demand Investasi Sektor ESDM
(Mbpd) (Miliar USD) 34
33
102 103 104 105
105
26 28 27 7
104 OECD 46 46 46 45 Listrik 12
Demand 2
103 Non OECD 56 57 59 60 8 7 6
102 102 EBT 2 2 2 8
Demand 1 5 6
101 Minerba 7 4
Supply 101 102 104 105
Non OPEC+ 50 51 52 52 15 17
2023 2024 2025 2026 Supply Migas 13 13 14
OPEC+ 52 51 52 53
2023 2024 2025 2026 2019 2020 2021 2022 2023 (Target)
Source: EIA (2023) Source: ESDM (2023)
Brent Oil Price Optimalisasi Lifting Migas
90 89 (USD/barrel) 1.059 1.100
87 983 983 955
85 84 84
83 746
82 707 660 660
81 81 81 612
Fitch Solution Minyak Bumi
80 78 (mbopd)
77 Deloitte
Bloomberg Gas Bumi
75 (mboepd)
70
2023 2024 2025 2026 2019 2020 2021 2022 2023 (Target)
Source: Bloomberg, Fitch Solution, Deloitte (2023) Source: ESDM (2023)
Page 9
Business Challenge
Industry Analysis • Kondisi Geopolitik: Volatilitas Harga
Minyak Dunia and Tingkat Inflasi
• Program Sinergi Pertamina Group
• Perubahan Iklim dan Cuaca Ekstrim • Pertumbuhan GDP Indonesia di kisaran 5,0% di 2023
• Transisi Energi • Tingkat inflasi Indonesia di kisaran 3,3% di 2023
• Kurs US$ di kisaran 14,750 di 2023
PT Elnusa
Tbk.
• Rencana Umum Energi Nasional (RUEN) • Talent War: Kebutuhan untuk mempertahankan
& akselerasi NRE SDM
• Status Elnusa sebagai perusahaan afiliasi • Gen Z: membutuhkan pendekatan yang
berbeda
• Paradigma intelligent oil fields: Efisiensi melalui big data & digital technology
• Pengembangan teknologi masa depan: New Renewable Energy
Page 10
Area of Operation
Revenue per Segment Revenue per Client
Support
Services
12% Upstream Third Party
Services 24% Subholding
29% Upstream
35%
Pertamina (Others) 4%
58%
37%
Dist & Log
Services Subholding
Commercial & Trading
Page 11
Business Strategy
• Peningkatan Kompetensi yang Terstruktur
Pengembangan SDM dan Berorientas Jangka Panjang
untuk Keuntungan • Peningkatan Budaya HSSE & AKHLAK
• Peningkatan Efektifitas Organisasi
Jangka Panjang Berorientasi Data
• Penguatan Operation Excellence dalam
Optimasi Proses Proses SCM, Project Management & Asset
untuk Memperoleh Management
Daya Saing • Penguatan HSSE & Sustainability New
• Peningkatan Kualitas Produk dan Jasa
Journey for
Pengembangan Bisnis
• Optimalisasi Portfolio Eksisting
• Menciptakan Diversifikasi Bisnis dengan
Excellence
untuk Mengakselerasi Kompetensi Inti
• Peningkataan Sinergi dan Kolaborasi
Pertumbuhan Elnusa Group
• Penguatan Implementasi dan Mitigasi Risiko
Meningkatkan • Optimalisasi Biaya dan Akselerasi AR
Profitabilitas dan Collection
• Menjaga Covenant Finansial dan Stabilitas
Stabilitas Finansial Posisi Keuangan
Page 12
03 Performance Highlight
Page 13
Performance
Financial Highlights
Highlight Revenue Contribution
Support
IDR Bio 13%
Upstream Third Party
24%
Sept-22 Sept-23 YoY 32%
Revenue 8.572 8.983 5%
Gross Profit 659 867 32%
Operating Profit 382 549 44%
Net Profit 291 407 40%
EBITDA 878 1.004 14% 55% Pertamina 76%
Dist&Log
Total Asset 8.836 9.350 6%
Total Liabilities 4.719 5.016 6%
Total Equities 4.117 4.335 5% Cash Flow (Milliar Rp)
1.070
895
Sept-22 Sept-23 YoY
Gross Profit Margin 7,7% 9,7% 26% Cash Flow From Operation Activites
Operating Profit Margin 4,5% 6,1% 36%
Net Profit Margin 3,4% 4,5% 33%
EBITDA Margin 10,2% 11,2% 9% 1.870
1.467
Ending Cash
Sept-22 23-Sep
Page 14
Performance Highlight
Operational Highlights
Upstream Services Energy Distribution & Logistic Services Support Services
Geoscience & Reservoir Services Transportation Services Marine Support Services
• Penyelesaian Project seismic 3D Hitam ± 101 km² • Utilisasi Asset diatas 70% (barge & vessel) disertai
• Peningkatan volume thruput pada hampir
• Penyelesaian Project Seismic 3D South Petapahan ± dengan perolehan project Non Asset Based 20 Kontrak
semua Unit Bisnis
127 km² • Blending produk BBM Industri bekerjasama
• Penyelesaian Project 3D South Walio ± 84 km² pada dengan partner dari Pertamina Group dan Warehouse, Data Management & ICT Services
area Transisi Third Party • 191 Kontrak On Hand & 95% Utilisasi Asset
Oilfield Services • Strategic partnership dengan penyedia • Warehouse & Data Management : 121 contract
• 11 project on hand , dengan 13 unit HWU Polymer dan Surfactan • ICT: 70 contract
• Persiapan Set up unit HDU (Spud in Nov 2023) • Penambahan investasi 46 unit Mobil Tangki
• Pemboran 3 sumur Ekplorasi • 16 New Project: 5 Layanan khusus Franco ; 2 Fabrication & Maintenance Services
• Mengoptimalkan operasi 18 unit Electric Line, 9 unit Angkutan BBM; 3 Angkutan Non BBM; Go Live • OCTG: 178% target utilisasi & intensifikasi kapasitas
Slickline & 2 Combo TBBM Tembilahan; 5 project Chemical produksi
EPCOM Services • Maintenance Services: 180% dari target utilisasi
• Project Engineering Services dan penambahan • Fabrikasi : project Triplex Pump
pekerjaan pompa dan penyediaan sewa booster pump
di PHE Group
• Jasa pendukung Operasi & Maintenance di PHE Group
Page 15
Capital Expenditure
(IDR Bio)
362
289 97
42%
Upstream 80 40
Growth
Support Upstream 123 Maintain Capacity 58%
Energy Distribution 215
& Logistic 72
Non Project 14 10
Sep-23 Sep-22
Capex Realization Ytd Sep-23: Target Capex Q4-23:
Upstream Services Upstream Services
• Major cash out from investment of Cementing Unit, Slickline • Investment in HWU Drilling & Mobile Well Test
Equipment & EWL Onshore Energy Distribution & Logistic Services
Energy Distribution & Logistic Services • Investment in Fuel Truck replacement & new contract
• Cash out for Investment Oil truck 24 KL, 16 KL & 8 KL • Investment in Fuel Terminal & LPG Terminal
Support Services Support Services
• Cash out for AWB ASL Offshore, & Docking for AWB Elsa-8 • Investment in AWB Offshore & Hopper Barge Equipment
• Investment in warehouse for General Storage expansion
Page 16
04 Strategic Direction
Page 17
Strategic Direction
O&G Situation Strategic Direction: New Journey for Excellence
• 1 MMBOPD & Kekuatan Elnusa Fokus Sasaran Perusahaan
12 BSCFD by 2030
National • Subholding Upstream Pertamina sebagai • Aspek Health, Safety, Security &
• Increase energy contribution from
Production gas in 2025 pemegang saham mayoritas Environment di setiap pekerjaan
Target • Increase energy contribution from
renewable energy in 2025 • Posisi finansial yang kuat dan sehat • Prudent investment
• To be a leading and reputable • Portfolio yang lengkap dalam Value Chain • Optimalisasi dan akuntabilitas biaya
Pertamina Global Energy Company Migas
Sustainable • To be recognized as ESG Company • Pengembangan bisnis untuk
(Environment, Social & • Cakupan area Operasi seluruh wilayah pertumbuhan berkelanjutan
Policy Indonesia
Governance)
• Mendukung implementasi Environment,
• Meeting National energy needs • Pengembangan dan perbaikan Internal Social & Governance
• Massive aggressive exploration for Process di semua lini
Subholding future energy security
Upstream • Achieve Net Zero Emission
Pertamina through increasing Gas Project as
Energy Transition, Decarbonization
Program & CCUS/CCS Technology
Page 18
Names mentioned 0 people and organisations named in the text · linked when the evidence is strong
The name pass has not read this document yet.
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.