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PT Radiant Utama Interinsco Tbk
Public Expose 2023
27 September 2023
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Disclaimer
This document contains the performance or results of a certain plan and operation, and
may also contain plans, strategies and or policies prepared by the Company for a particular
purpose, which can be treated as forward-looking statements within the meaning of
applicable law. Everything that is future-oriented is always subject to risks and uncertainties
that may cause actual results and developments to differ materially from those presented in
this document.
PT Radiant Utama Interinsco Tbk does not guarantee that any action to be taken in
connection with the submission of this document will bring about the desired results.
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Agenda
Our Business
Key Highlights
Green Initiatives
Operational Highlights
Financial Performance
Next Plan
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Our Business
Construction & Offshore Service Operation Support Service Inspection
Beginning with the Company’s successful Starting as a manpower supply service and As our pioneer business, we provides testing,
acquisition of the “Mobile Offshore Production eventually evolved into providing various inspection, and certification services such as:
Unit (MOPU) Conversion and services for oil and gas production • Statutory and Voluntary inspection service for
Operating Services” project in 2006, it sparked facilities and its supporting services. Oil and Gas, Petrochemical, and other
renewed interest in pursuing a business line that industries
supports Offshore Production Facilities activities. Several services provided by Radiant such as • Non-Destructive Testing (NDT) Service,
operation and maintenance support services for conventional or Advance NDT
After that, it was later supplemented by Marine Oil, Gas & Powerplant Production Facilities. • Oil Country Tubular Goods (OCTG) service,
Service, with the primary focus on providing Besides that, Radiant also provides other various such as Casing Tubing, Drill Pipe, Drilling
ships to support oil and gas production support services such as logistic, warehouse, Tools Inspection, Blasting and Coating, Rotary
activities in shallow sea waters. Currently it is camp and transportation, and others to support Equipment Inspection, Intelligent Pigging
complemented with Construction business to client’s operational activities. • Carbon Emissions Measurement/ Reporting
support client’s needs. /Verification Service
• Environmental Study Service
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Key Highlights
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Key Highlights
NEW BOARD OF DIRECTORS
Soeharto Nurcahyono Sofwan Farisyi Ramzi Siddiq Amier
Director President Director Director
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Awards
Dec ’22 Mar ’23 Mar ’23 Mar ’23 May ‘23
5 Years No LTI Support on Turnaround Substation Maintenance Kontraktor Terbaik 3 Donggi Matindok Field Best Site Housekeeping Best Company
Activity
To: PT Supraco Lines To: PT Radiant Utama Interinsco Tbk To: PT Radiant Utama Interinsco Tbk To: PT Radiant Utama Interinsco Tbk To: PT Supraco Indonesia
From: Pertamina Hulu Mahakam From: PT Pertamina Hulu Rokan From: PT Hydril Indonesia (Tenaris) From: Pertamina Hulu Rokan From: BPJS Ketenagakerjaan
Jun ’23 Jun ’23 Aug ’23 Aug ’23 Sep ’23
Best Safety Performance Contractor 2022 Best Contractor Award Award for Holder of Radiation & Radioactive Permit for Best Contractor CSMS Implementation 17 Years of Zero LTI on Maleo Producer Platform
NDT Activity & Gauging Activity To: PT Radiant Utama Interinsco Tbk
To: PT Radiant Utama Interinsco Tbk To: PT Radiant Utama Interinsco Tbk With Excellent Security & Safety Level To: PT Radiant Utama Interinsco Tbk From: Medco
From: PT Vopak Terminal Merak From: PT Hydril Indonesia (Tenaris) To: PT Radiant Utama Interinsco Tbk From: Pertamina EP Zona 13
From: Bapeten
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Certifications
New Certification Existing Certifications
IRATA member since July 2023
Certified SNI ISO 37001:2016
since December 2022
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Key Partners
A P M I
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Green Initiatives
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ESG Rating
ESG Self Assessment done by PT Radiant Utama
Interinsco Tbk through ENI’s digital open-es
platform which measure towards four pillars of
sustainability.
This is our small initiatives to join the global
community in which the entire ecosystem of
companies can partake in a collaborative, non-
competitive process for common growth across
the four pillars of sustainability, which are
fundamental to both our present and our future,
these being the Planet, People, Economic
Prosperity and the Principles of Corporate
Governance.
Our sustainability score reach 71 out of 100,
means we are currently on the Awareness Level
2 from total 5 Level of sustainability scoring.
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Commitment to Sustainability
In commitment towards sustainable energy, PT Radiant
Utama Interinsco tbk have been involved in the
development of various new and renewable energy
projects across the nation.
We believe our initiatives will be impactful for
sustainable energy development in Indonesia.
Here is our footprints in the solar energy development
projects:
44 Projects
Capacity: 2,192 kWp installed
Project value: 64.7 BIDR
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Sustainability Report
PT Radiant Utama Interinsco Tbk publishes
Sustainability Report as a means of engaging
with stakeholders and to ensure that they have
a comprehensive comprehension of our
performance in managing impacts on
sustainability aspects.
2021
2022
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Operational
Highlights
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On Going Projects
270 47
Active Projects
82 Projects
9
5.93TIDR Projects Projects 8
Contract Value Projects
11.2BIDR 124
Capex
Projects
Per June 2023
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Project Highlights
Operations Assistance and Field Manpower Support Services Drilling & Completion
Maintenance Services Packages 2 - Sub Paket C Maintenance Support
Client: Pertamina Hulu Kalimantan Timur Client: Pertamina Hulu Mahakam Client: Pertamina Hulu Rokan
Location: Kalimantan Timur Location: Balikpapan Location: Riau
Contract Value: 175 BIDR Contract Value: 231 BIDR Contract Value: 159 BIDR
Project Duration : Dec ’22 – Nov ‘25 Project Duration: Apr ’22 – Sep ’24 Project Duration: Jul ’22 – Aug ‘27
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Project Highlights
Provision of Fire & Rescue Integrated Supply of Maintenance – Technical & Visual Inspection
Support and Maintenance Transmission & Distribution System WK Rokan
Services - PGT
Client: EXXONMOBIL CEPU LTD Client: Pertamina Hulu Rokan Client: Pertamina Hulu Rokan
Location: Bojonegoro Location: Riau Location: Riau
Contract Value: 43 BIDR Contract Value: 232 BIDR Contract Value: 58 BIDR
Project Duration: Jul ’22 – Jun ‘25 Project Duration: Jul ‘22 – Aug ‘26 Duration Project: Jul ‘22 – Aug ‘25
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Financial
Performance
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New Win & On Hand Projects Per Jun 2023
New Win Projects Non
On Hand Projects
Migas 5,932
Projects Value 5% 5,103
In BIDR
Rp 883 Milliar
(YTD ’22: 1.6T | FY’22: 2.1T)
Migas
95%
Quantity
205 projects 2023 2022
(YTD ’22: 154 projects | FY’22: 304 projects) 270 Projects 269 Projects
Inspection Operation Support Service
152 Projects 47 Projects
Rp 48 Miliar Rp 807 Miliar Increase in new-win and on-hand projects may not
instantly impact to the bottom line current performance;
42% of total On Hand Project is contributed by Pertamina
Construction New & Renewable Energy Group;
2 Projects 4 Projects Contract utilization tends to increase inline with the
Rp 25 Miliar Rp 3 Miliar increase in activity of business in oil and gas
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Summary of Income Statement
dalam miliar rupiah
Revenue Gross Profit & Margin Operating Profit & Margin
833 13.4% 60 6.2% 7.0%
824.7 112 13.6%
110 13.4% 5.4%
108 13.1% 50 4.9% 6.0%
13.2%
106 5.0%
13.0% 40
104 4.0%
12.8%
102 30
110.1 12.4% 12.6% 51.5
757.6 100 3.0%
98 12.4% 20 40.7 40.8
103.1 12.2%
2.0%
96 99.2 10 1.0%
94 12.0%
92 11.8% 0 0.0%
H1 2021 H1 2022 H1 2023 H1 2021 H1 2022 H1 2023
H1 2021 H1 2022 H1 2023 Gross Profit Gross Profit Margin (%) Operating Profit Operating Profit Margin (%)
Profit Before Tax & Margin Net Income & Margin Remarks:
18 1.9% 2.0%
30 3.0% 3.5%
16
3.0% 1.5% • Although revenue H1 2023 increased compare to
25 14 1.5%
20
2.1%
1.9%
2.5% 12 1.1% H1 2021 and H1 2022, net income H1 2023 is
15
2.0% 10
1.0% lower than H1 2021 and H1 2022 since increase
8 15.7
24.6 1.5%
6 in revenue mostly in SBU OSS.
10 11
16.2 15.5 1.0% 4 9.2 0.5%
5 0.5% 2
0 0.0% 0 0.0%
H1 2021 H1 2022 H1 2023 H1 2021 H1 2022 H1 2023
Profit Before Tax Profit Before Tax Margin (%) Net Income Net Income Margin (%)
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Summary of Income Statement
Revenue Composition by Segment Remarks:
• Revenue composition by segment
H1 2022 H1 2023 relatively similar between H1 2023
compared to H1 2022 shows stable
Others
4% business operation and strong existence
of Radiant in current business.
Others
8% • Lower revenue from “other” segment
due to decrease in Construction sector.
Agency &
Agency & OSS OSS
OPF
OPF 60% 61%
24%
23%
Inspection Inspection
9% 11%
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Summary of Financial Position
dalam miliar rupiah
Current Asset Current Liabilities Equity
529.1
814.7 523.7
614.9 619.4
565.5
705.4 712.5 484.3
Dec 2021 Dec 2022 H1 2023 Dec 2021 Dec 2022 H1 2023 Dec 2021 Dec 2022 H1 2023
Non Current Asset Non Current Liabilities Remarks:
592.1
555 198.4
488.1 178.3 • Debt covenants related with financial
154.3 ratios are well-maintained;
• Increase in working capital days mainly
due to some new projects have just been
started in Q2-2023.
Dec 2021 Dec 2022 H1 2023 Dec 2021 Dec 2022 H1 2023
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Summary of Cashflow Statement
Remarks:
Description H1 2023 % Var H1 2022 % Var H1 2021
• Decrease in cash flows from operating
Operating Activities -14,814 -85% 17,376 54% 32,091 activities mainly due to increase in working
capital days as some new projects have
just been started in Q2-2023
Investing Activities -5,939 125% -4,751 13% -35,533
Financing Activities 25,548 383% -6,664 -36% 18,413
Net Increase in Cash and Cash
4,795 80% 5,962 40% 14,970
Equivalents
Cash and Cash Equivalents at
70,258 81% 86,930 105% 83,013
beginning of Period
Effect of Foreign Exchange -642 -26% 2,447 207% 1,182
Cash and Cash Equivalents at end of
74,410 78% 95,339 96% 99,165
Period
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Next Plan
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Next Plan
Commercial Operational
Business Clustering and Entity Independence Business Process Improvement & IT Transformation
• Existing Business Re-clustering • Risk Management Improvement
• New Business Establishment • Resources Optimization
• Segment and Area Penetration • Application development for business
• Portfolio Clients and Projects support
• Automation and digitalization of working
process
Organizational Financial
Organization Restructuring & Cultural Transformation Financial Performance Improvement
• Compensation & Benefit Restructuring • Strengthening Financial Position
• Decentralizes of Inspector • Further Expanding in Financial Support
• Culture Program & Change Management • Explore Potential Corporate Action
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Q&A Session
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Thank You
Copyright © PT Radiant Utama Interinsco Tbk 2023
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