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PUBLIC EXPOSE 2023
PT RMK ENERGY TBK
[RMKE]
Sustainable Operations to Support Global Energy Security
Operasi Berkelanjutan untuk Menopang Ketahanan Energi Global
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DISCLAIMER
This presentation material was prepared by PT RMK Energy Tbk. (“RMKE”/“Company”) and has not been independently
verified. No representation or warranty, express or implied, is made and no reliance is made on the accuracy or
completeness of the information presented or contained in this presentation material. The Company and its affiliated
companies, and or representatives of the Company are not responsible for any losses arising from the information presented
or contained in this presentation material. The information presented or contained in these presentation materials is subject
to change without notice and its accuracy is not guaranteed. This presentation material contains statements which are
forward-looking statements. These statements include a description of the Company's hopes and expectations in relation to
the consolidated results of operations, the Company's future performance, and the potential assets to be acquired by the
Company, except for historical matters. In this presentation material, there are words such as “plan”, “will”, “estimate”,
“project”, “intend”, or words with similar meaning. Such forward-looking statements do not guarantee future performance
and involve risks and uncertainties, and differ from actual results. The Company has no obligation and does not revise any
forward-looking statements to reflect future events/conditions.
This presentation material is made for informational purposes only and does not constitute or form part of any solicitation,
offer or invitation to purchase or subscribe to any securities of the Company in any jurisdiction or form the basis,
commitments and contracts of any kind, or any investment decision. Any decision to purchase the Company's securities must
be made by seeking appropriate professional advice.
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CHAPTER 1
COMPANY PROFILE
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SHARE PERFORMANCE
SHARES OWNERSHIP
Investor %
RMK Investama 76.8
RMKE Management 3.2
Local Institution 2.3
Foreign Institution 1.6
Local Retail 15.7
Foreign Retail 0.4
Total 100.00
FREE FLOAT
Investor %
Local Institution 11.4
Foreign Institution 7.9
Local Retail 78.6
Foreign Retail 2.1
Total 100.00
September 2023
RMKE IJ becomes the member of several indices in 2023
IDX 80
Kompas 100
IDX ESG Leaders
Source: Indonesia Stock Exchange
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WHY INVEST in RMKE
STRATEGIC ASSETS LOCATION
01 Located in a strategic area and the pioneer in South
06 SUSTAINABLE PROFITABILITY
Gross profit margin 41.7% from coal services**
Sumatera
INTEGRATED COAL LOGISTICS SERVICE
02 The only private coal logistics providers integrated with
07 SOLID BALANCE SHEET
DER 0.38 time**
train in South Sumatra
03 EFFICIENT & EFFECTIVE COAL SERVICE SOLUTIONS 08 HIGH SAFETY STANDARD
Providing efficient and effective coal services solutions Railway is the safest mode of land transportation
04 STRONG OPERATIONS 09 LONG TRACK RECORD
~18% CAGR from services logistic volume* Professional and experienced management team
05 STRONG REVENUE GROWTH 10 GOOD CORPORATE GOVERNANCE
~20% CAGR from services logistic revenue* The implementation of GCG in all business lines
* CAGR 2019-2022
** Base on 9M 2023 Performance
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MANAGEMENT TEAM
VINCENT SAPUTRA TONY SAPUTRA WILLIAM SAPUTRA
Finance Director President Director Operational Director
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CHAPTER 2
STRATEGY & TARGET
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CORPORATE OUTLOOK & STRATEGY
STRATEGY INDICATOR 2022* 2023** 2024** 2025** 2026** 2027**
in million MT in million MT in million MT in million MT in million MT in million MT
Coal services Coal services Coal services Coal services Coal services Coal services
Operational Loading barge 7.8 Loading barge ̴10.8 Loading barge ̴12.4 Loading barge ̴15.9 Loading barge ̴19.3 Loading barge ̴20.9
Coal sales 2.5 Coal sales ̴2.8 Coal sales ̴3.6 Coal sales ̴4.3 Coal sales ̴7.6 Coal sales ̴8.6
Coal production 1.3 Coal production ̴2.1 Coal production ̴3.2 Coal production ̴3.9 Coal production ̴5.0 Coal production ̴8.0
Improving Top line IDR2.7 T Top line ̴IDR3.2 T Top line ̴IDR4.1 T Top line ̴IDR5.3 T Top line ̴IDR6.3 T Top line ̴IDR8.5 T
Service Financial Net profit IDR404.1 B Net profit ̴IDR558.6 B Net profit ̴IDR750.9 B Net profit ̴IDR1.0 T Net profit ̴IDR1.2 T Net profit ̴IDR1.6 T
& Capacity
DER 0.4 time*** DER 0.3 time*** DER 0.3 time*** DER 0.2time*** DER 0.2 time*** DER 0.2 time***
Capex ̴IDR70.2 B Capex ̴IDR350 B Capex ̴IDR291 B Capex ̴IDR172 B - -
Investment Investment Investment Investment
Capital 1. Simpang Station 1. Hauling road to 1. Hauling road to 1. Hauling road to Enim
Expenditure 2. Container Yard (CY3) Enim & Lahat Enim & Lahat & Lahat
3. Gunung Megang 2. Loading facilities 2. Loading facilities 2. Loading facilities
station 3. Conveyor 3. Conveyor 3. Conveyor
* Actual
** Latest outlook
**** Total liability / equity
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9M 2023 PERFORMANCE HIGHLIGHT
SUSTAINABLE SOLID IMPROVING STRONG
PROFITABILITY BALANCE SHEET CASH FLOW OPERATIONS
Revenue from coal services Equity increased by 21.1% YoY to Operating cash flow increased Coal services
segment increased by 59.1%YoY IDR1.4T by 147.2% YoY to IDR162.2 Unloading train volume
and supported Company to billion increased by 9.7% YoY to 9.2
reach top line IDR1.8 billion Financial debt increased by million MT of coal.
26.9% YoY to be IDR275.5 billion Cash flow from investing
Revenue segment increased by 317.3% YoY Loading barge volume increased
Coal sales 66.3% Financial ratio met the by 14.5% YoY to 6.2 million MT of
Coal services 33.7% requirements of credit Cash flow from financing coal.
covenants decreased by (83.5%) YoY
Gross profit from coal services EBITDA ratio 27.17 time Coal sales
segment increased by 131.5% DER 0.38 time Coal sales volume decreased by
YoY to IDR258.6 billion Current ratio 2.12 time 7.2% YoY to 1.7 million MT of
Gross profit segment coal.
Coal sales 40.5%
Coal services 59.5% In-house mining, TBBE,
produced 900.8K MT of coal
Gross profit margin getting, increased by 11.3% YoY
Coal sales 14.4%
Coal services 41.7%
Recorded net income IDR285.2
billion
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OUR TARGETS ACHIEVEMENT IN 9M 2023
2023 9M 2023 Achievement
No a b b/a
Indicator Unit
Target Actual %
Unloading train mio MT 12.4 9.2 74.2
Service
Loading barge mio MT 10.8 6.2 57.9
1 Operational Coal Sales In-house & third parties mio MT 2.8 1.7 59.8
Overburden removal mio Bcm 3.0 2.0 66.4
In-house TBBE
Coal getting mio MT 2.1 0.9 42.9
Operating revenue trillion IDR 3.2 1.8 57.5
Profitability Gross profit bio IDR 761.3 434.3 57.1
2 Financial
Net profit bio IDR 558.6 285.2 51.0
Capital Expenditure Capex bio IDR 350.0 155.7 44.5
On average, the Company has achieved 61.1% of this year target.
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CHAPTER 3
OPERATIONAL PERFORMANCE
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COAL SALES SEGMENT
YTD9M 2023
Coal sales volume: (7.2%) YoY | Average selling price: (16.9%) YoY
0.8 0.8
0.8
0.7
0.7 0.6
1.8 1.7
0.8 0.7 0.4 0.6
3Q 2022 1Q 2023 2Q 2023 3Q 2023 9M 2022 9M 2023
Coal sales (million MT) Average selling price (million IDR) in million MT
The operational performance from coal sales segment is decrease as the coal prices normalized by (16.9%) YoY until September
2023, but the performance of this segment was still supported by the growth in coal sales volume of 3Q 2023 so that the YTD9M
2023 slightly decreased by 7.2% YoY. The Company has achieved 59.8% of of this year target.
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IN-HOUSE COAL PRODUCTION 2.0
YTD9M 2023:
OB removal: 35.2% YoY | Coal getting : 11.3% YoY
1.5
0.9
0.9
0.8
0.6 0.5 0.6
0.3 0.3 0.4
0.2
3Q 2022 1Q 2023 2Q 2023 3Q 2023 9M 2022 9M 2023
Coal getting (million MT) OB removal (Bcm) in million MT
The increase in coal sales volume came from the growth in in-house production, PT Truba Bara Banyu Enim (TBBE), which
produces 900.8K MT of coal, increased by 11.3% YoY and contributed 53.8% to the total coal sales volume.
The Company has achieved 42.9% of of this year target.
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COAL SERVICES SEGMENT – UNLOADING TRAIN
YTD9M 2023: 9.7% YoY
9.2
8.4
3.2 3.1 3.2 2.9
3Q 2022 1Q 2023 2Q 2023 3Q 2023 9M 2022 9M 2023
in million MT
The Company has achieved 74.2% of of this year target.
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COAL SERVICES SEGMENT – LOADING BARGE
YTD9M 2023: 14.5% YoY
6.2
5.5
2.3 2.3 2.0 2.0
3Q 2022 1Q 2023 2Q 2023 3Q 2023 9M 2022 9M 2023
in million MT
The Company has achieved 59.8% of of this year target.
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OPERATIONAL EFFICIENCY INDICATOR IN 9M 2023
9M 2022 9M 2023 Efficiency
Train unloading time
(hour) 04:06 03:25 (00:41)
Fuel ratio 9M 2022 9M 2023 Efficiency
(MT/liter)*
0.91 0.88 (0.03)
* per MT loading barge
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CHAPTER 4
FINANCIAL PERFORMANCE
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OPERATING REVENUE IS SUPPORTED BY SERVICES SEGMENT
Operating Revenue Coal Sales Segment Coal Services Segment
YTD9M 2023: YTD9M 2023: YTD9M 2023:
(3.4%) YoY (19.5%) YoY 59.1% YoY
1.9 1.8
1.5
1.2
0.6
0.4
9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023
in trillion IDR in trillion IDR
Operating revenues contribution: 66,3% coal sales and 20.5% coal services.
● The achievement of services segment was supported by the rise in the volume of unloading train and loading barge which grew
significantly by 9.7% YoY and 14.5% YoY, respectively. The unloading train and loading barge have reached 9.2 million MT and 6.2 million MT
until September 2023, respectively. These operational performance boosted operating revenues from services segment 59.1% YoY
● Revenue from the coal sales segment is decreased due to the construction of coal volume and price (7.2%) YoY and (16.9%) YoY,
respectively.
The Company has achieved 57.5% of the total target 2023
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HIGHER GROSS PROFIT MARGIN
Gross Profit Coal Sales Segment Coal Services Segment
YTD9M 2023: YTD9M 2023: YTD9M 2023:
(0.4%) YoY (45.8%) YoY 131.5% YoY
21.4% 41.7%
324.2 14.4%
22.9% 23.6% 28.7%
258.6
453.9 434.3 175.0
111.7
9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023
Gross profit Gross profit margin (%) in billion IDR
Gross profit margin by segment
● Coal sales 14.4%
● Coal services 41.7%
RMKE’s gross profit is slightly decreased by 0.4% YoY but booked higher gross profit margin 23.6% due to improving services segment which
had grown by 1.3 times until September 2023. Based on contribution, coal sales & services contributed 40.5% & 59.5% respectively, to total
gross profit. The Company has achieved 57.1% of the total target 2023.
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OPTIMIZING COSTS TO BOOST PROFITABILITY
Net Profit
YTD9M 2023:
(3.8%) YoY
15.6% 15.5%
Net profit has improved due to:
296.4 285.2 The bigger profit margin from the services segment improved the Company's financial
performance by posting a consolidated net profit of IDR 285.2 billion or slightly decreased by
3.8% YoY for 9M 2023.
Based on contribution, coal sales & services contributed 15% & 85%respectively, to total net profit.
The Company has achieved 51.0% of the total target 2023.
9M 2022 9M 2023
in billion IDR
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SOLID BALANCE SHEET MEETS CREDIT COVENANTS
Asset Liability Equity
YTD9M 2023: YTD9M 2023: YTD9M 2023:
20.3% YoY 18.4% YoY 21.1% YoY
2.3 27.2 0.4 0.4
2.1
21.3
2.0
1.7
1.5
1.2
0.5 0.6
4Q 2022 3Q 2023 4Q 2022 3Q 2023 4Q 2022 3Q 2023
Total asset Liability Equity
Current ratio (min 1 time) EBITDA ratio (min 1 time) DER (max 1.2 time)
in trillion IDR in trillion IDR in trillion IDR 21
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MANAGING HEALTHY CASH FLOW
Cash Flow from Operating Cash Flow from Investing Cash Flow from Financing
YTD9M 2023: YTD9M 2023: YTD9M 2023:
147.2% YoY 317.3% YoY (83.2%) YoY
162.2 (28.4) (69.2)
(127.0)
56.5
(118.4)
9M 2022 9M 2023 9M 2022 9M 2023 9M 2022 9M 2023
in billion IDR
Cash from operating activities Cash from investing activities Cash from financing activities
increased by 147.2% YoY, in line with increased by 317.3% YoY mainly due decreased by 83.5% YoY,
the increasing contribution of the to capital expenditure for conveyor & mainly due to the payment of
service segment which has stable crusher, hauling road & bridge as long term debt.
cash. well as land acquisition.
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Thank You
RMKE Investor & Public Relations rmkenergy.com
PT RMK Energy Tbk
rmke.official
Wisma RMK Lantai 2
Jalan Puri Kencana Blok M4/1
Jakarta Barat, DKI Jakarta 11610 PT RMK Energy Tbk
(021) 582 2555
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