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20231031_TINS_Laporan Informasi dan Fakta Material_31483540_lamp1.pdf
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PRESS RELEASE
UNTUK SEGERA DISIARKAN
Permintaan Timah Global Melemah, TINS Bukukan Pendapatan Rp6,4 Triliun
Jakarta, 31 Oktober 2023 – PT TIMAH Tbk (“Perseroan”; IDX: TINS) hari ini mengumumkan
Laporan Keuangan Konsolidasian untuk periode yang berakhir 30 September 2023.
Sampai dengan 9M 2023, harga logam timah dunia terus tertekan akibat penguatan mata uang
AS dan lambatnya pemulihan perekonomian China serta lemahnya permintaan timah karena
tingginya persediaan LME. Hal tersebut berdampak pada menurunnya ekspor timah Indonesia
dari kuartal II-2023 sampai dengan kuartal III-2023, khususnya ekspor timah TINS ke beberapa
negara.
“Di tengah perlambatan ekonomi serta lemahnya permintaan logam timah global, Perseroan
konsisten menjalankan efisiensi di segala lini bisnis. Manajemen optimis target efisiensi akan
tercapai dan memberikan kontribusi terhadap kinerja Perseroan.” ujar Fina Eliani Direktur
Keuangan dan Manajemen Risiko PT TIMAH Tbk.
Kinerja Operasi
TINS mencatat produksi bijih timah sebesar 11.201 ton atau tercapai 77% pada 9M 2023
dibandingkan periode yang sama tahun sebelumnya sebesar 14.502 ton. Adapun produksi
logam timah sebesar 11.540 metrik ton atau tercapai 82% dibandingkan periode yang sama
tahun sebelumnya sebesar 14.130 metrik ton, serta penjualan logam timah sebesar 11.100
metrik ton atau tercapai 72% dibandingkan periode yang sama tahun sebelumnya sebesar
15.325 metrik ton.
Harga jual rerata logam timah sebesar USD27.017 per metrik ton atau lebih rendah 23%
dibandingkan periode yang sama tahun sebelumnya sebesar USD35.026 per metrik ton. Sampai
dengan kuartal III 2023, TINS mencatatkan ekspor timah sebesar 92% dengan 6 besar negara
tujuan ekspor meliputi Jepang 16%; Korea Selatan 13%; Belanda 11%; India 9%; Taiwan 9% dan
Amerika Serikat 8%.
Kinerja Keuangan
Perseroan berhasil membukukan pendapatan sebesar Rp6,4 triliun sehingga menghasilkan
EBITDA sebesar Rp708,1 miliar dengan rugi tahun berjalan sebesar Rp87,4 miliar sampai
dengan kuartal III-2023.
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Posisi nilai aset Perseroan pada kuartal III 2023 sebesar Rp12,7 triliun, sementara posisi
liabilitas sebesar Rp6,1 triliun, naik 0,9% dibandingkan posisi akhir tahun 2022 sebesar Rp6,0
triliun. Di samping itu, pinjaman bank dan utang obligasi pada kuartal III menjadi Rp2,9 triliun
dari sebelumnya Rp2,8 triliun.
Posisi ekuitas sebesar Rp6,6 triliun, turun 5,7% dibandingkan posisi akhir tahun 2022 sebesar
Rp7,0 triliun seiring dengan pembagian dividen yang sudah dibayarkan sebesar Rp312,5 miliar.
Indikator keuangan Perseroan masih menunjukkan hasil yang baik terlihat dari beberapa rasio
keuangan penting di antaranya Quick Ratio sebesar 25%, Current Ratio sebesar 153%, Debt to
Asset Ratio sebesar 23%, dan Debt to Equity Ratio sebesar 44%.
Kondisi saat ini dan prospek ke depan
Sampai dengan kuartal III-2023, TINS telah melakukan penambahan Kapal Isap Produksi melalui
kemitraan menjadi 48 unit yang sebelumnya sebanyak 44 unit, peningkatan kapasitas produksi
tambang primer dari alat penambangan maupun alat pengolahan, melakukan survey lokasi dan
inventarisir kepemilikan lahan untuk pembukaan tambang darat baru, dan peningkatan
recovery dengan melakukan upgrading kembali dari sisa hasil pengolahan sebagai upaya
strategis untuk meningkatkan kinerja Perseroan.
Perseroan terus melakukan pengamanan aset dan penegakan aturan serta kerja sama
penambangan rakyat untuk mereduksi illegal mining di wilayah konsesi pertambangan. TINS
secara konsisten dan berkomitmen melakukan langkah-langkah strategis untuk meningkatkan
kinerja operasi dan produksi seiring dukungan pemerintah untuk perbaikan tata kelola
pertambangan dan niaga timah Indonesia.
--- selesai ---
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Sekilas PT TIMAH Tbk PT TIMAH Tbk merupakan produsen timah terkemuka sekaligus eksportir timah terbesar di dunia dengan wilayah operasional pertambangan dan peleburan logam timah di provinsi Bangka Belitung, Kepulauan Riau, dan Riau. Menjadi Perseroan Terbatas sejak tahun 1976 dan melantai di Bursa Efek Indonesia sejak tahun 1995, PT TIMAH Tbk menjalankan bisnis timah yang terintegrasi secara vertikal, mulai dari kegiatan eksplorasi, penambangan, peleburan dan pemurnian logam timah hingga pemasaran yang melayani para pelanggan internasional maupun domestik. Produk logam timah dengan merek “Banka Tin”, “Kundur Tin”, dan “Mentok Tin” memiliki reputasi internasional dan telah terdaftar di London Metal Exchange (LME). Saat ini PT TIMAH Tbk yang merupakan anggota dari International Tin Association (ITA) memiliki 4 (empat) lini bisnis utama yakni pertambangan timah, hilirisasi timah (tin chemical dan tin solder), pertambangan non‐timah (batubara dan nikel), serta bisnis berbasis kompetensi termasuk properti, galangan kapal, agro bisnis. Untuk keterangan lebih lanjut dapat menghubungi: Abdullah Umar, Corporate Secretary Telepon : +62 (21) 23528000 dan +62 (717) 4258000 Email : corsec@pttimah.co.id Website : www.timah.com
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PT TIMAH Tbk
Ikhtisar Unjuk Kerja
9M 2023 dan 2022
9M23 9M22 Perubahan (%)
Keterangan
a b (a-b)/b
Produksi bijih timah - Ton Sn
Darat 3.435 5.004 -31%
Laut 7.766 9.498 -18%
Total 11.201 14.502 -23%
Produksi logam timah - Metrik Ton 11.540 14.130 -18%
Penjualan logam timah - Metrik Ton 11.100 15.325 -28%
Harga Jual Rata-Rata - US$/Metrik Ton 27.017 35.026 -23%
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PRESS RELEASE
FOR IMMEDIATE RELEASE
Global Tin Demand Weakens, TINS Records Revenue of IDR 6.4 Trillion
Jakarta, October 31, 2023 – PT TIMAH Tbk (“the Company”; IDX: TINS) today announced
Consolidated Financial Statements for the period ended September 30, 2023 .
Until 9M 2023, global tin prices will continue to be under pressure due to the strengthening of
the US currency and the slow recovery of the Chinese economy as well as weak demand for tin
due to high LME inventories. This has an impact on decreasing Indonesian tin exports from the
second quarter of 2023 to the third quarter of 2023, especially TINS tin exports to several
countries.
"In the midst of an economic slowdown and weak global demand for tin metal, the Company
consistently implements efficiency in all business lines. Management is optimistic that efficiency
targets will be achieved and contribute to the Company's performance." said Fina Eliani,
Director of Finance and Risk Management of PT TIMAH Tbk.
Operation Performance
TINS recorded tin ore production of 11,201 tons or reached 77% in 9M 2023 compared to the
same period the previous year of 14,502 tons. Meanwhile, tin metal production amounted to
11,540 metric tons or reached 82% compared to the same period the previous year of 14,130
metric tons, and sales of tin metal amounted to 11,100 metric tons or reached 72% compared
to the same period the previous year of 15,325 metric tons.
The average selling price of tin metal was USD27,017 per metric ton or 23% lower compared to
the same period the previous year of USD35,026 per metric ton. As of the third quarter of 2023,
TINS recorded tin exports of 92% with the top 6 export destination countries including Japan
16%; South Korea 13%; Netherlands 11%; India 9%; Taiwan 9% and the United States 8%.
Financial Performance
The company booked revenue of IDR 6.4 trillion, resulting in EBITDA of IDR 708.1 billion with a
loss for the year of IDR 87.4 billion until the third quarter of 2023.
The Company's asset value position in the third quarter of 2023 was IDR 12.7 trillion, while the
liability position was IDR 6.1 trillion, an increase of 0.9% compared to the position at the end
of 2022 of IDR 6.0 trillion. In addition, bank loans and bond debt in the third quarter became
IDR 2.9 trillion from IDR 2.8 trillion previously.
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The equity position was IDR 6.6 trillion, down 5.7% compared to the position at the end of 2022
of IDR 7.0 trillion in line with the distribution of dividends that had been paid amounting to IDR
312.5 billion.
The Company's financial indicators still show good results as seen from several important
financial ratios, including the Quick Ratio of 25%, Current Ratio of 153%, Debt to Asset Ratio of
23%, and Debt to Equity Ratio of 44%.
Current conditions and prospects for the future
Up to the third quarter of 2023, TINS has added Production Suction Vessels through
partnerships to 48 units from previously 44 units, increased primary mining production capacity
from mining equipment and processing equipment, conducted site surveys and inventory of
land ownership for opening new land mines, and increasing recovery by upgrading the
remaining processing results as a strategic effort to improve the Company's performance.
The Company continues to secure assets and enforce regulations as well as collaborate with
community mining to reduce illegal mining in mining concession areas. TINS is consistently and
committed to taking strategic steps to improve operational and production performance in line
with government support for improving the governance of Indonesian tin mining and trading.
--- Finished ---
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A brief description about PT TIMAH Tbk:
PT TIMAH Tbk is the leading tin producer as well as the largest tin exporter in the world with
mining and smelting operations in Bangka Belitung, Riau Islands, and Riau.
Being a Limited Liability Company since 1976 and listed in the Indonesian Stock Exchange since
1995, PT TIMAH carries out vertically integrated tin business from exploration, mining, smelting
and refining, to marketing for overseas and domestic customers. Refined tin products with the
brands "Banka Tin", "Kundur Tin" and "Mentok Tin" officially registered in the London Metal
Exchange (LME) are considered to be the most preferred brand.
Currently PT TIMAH which is a member of the International Tin Association (ITA) has 4 (four)
main business lines namely tin mining, downstream products (tin chemical and tin solder), non‐
tin mining (coal and nickel), as well as competency‐based businesses such as hospitals,
property, shipyards, agribusiness.
Further information, please contact:
Abdullah Umar, Corporate Secretary
Telepon : +62 (21) 23528000 dan +62 (717) 4258000
Email : corsec@pttimah.co.id
Website : www.timah.com
PT TIMAH Tbk
Performance Highlight
9M 2023 and 9M 2022
Remarks 9M 2023 9M 2022 Change (% )
a b (a-b)/b
Production of tin ore - Ton Sn
Onshore 3.435 5.004 -31%
Offshore 7.766 9.498 -18%
Total 11.201 14.502 -23%
Production of refined tin - Metric Ton 11.540 14.130 -18%
Sales of refined tin - Metric Ton 11.100 15.325 -28%
Average selling price - US$/Metric Ton 27.017 35.026 -23%
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