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Page 1
PUBLIK EKSPOSE INSIDENTIL
INCIDENTAL PUBLIC EXPOSE



    Jakarta, 18 September 2023
      Kolega Coworking Space
     Gedung Menara Hijau Lt. 7
                                 1
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                                                                             INCIDENTAL PUBLIC EXPOSE
                                                                                    18 September 2023


                                                  2023
A. Kondisi Pasar / Market Condition
     –   Permintaan batubara global meningkat / Demand of coal is rising
     –   Harga batubara meningkat / Price of coal is rising

B.   Kondisi Perusahaan / Company Condition
     –    kinerja perusahaan sangat baik dibandingkan kinerja tahun sebelumnya. Selain itu, karena
          volume yang lebih baik, pengendalian biaya juga dapat dicapai
          the company has done phenomenally well compared to earlier year’s performances.
          Besides this, due to better volumes, control over cost could also be achieved.

     –    Juni 2023 berhasil menciptakan sentimen pasar yang positif, karena laba kuartalan sekitar
          USD 9,2 juta. dibandingkan periode yang sama tahun lalu yaitu sekitar USD 1,6 juta.
         June 2023 has successfully created positive market sentiment since the quarterly profit is USD
         9.2 million. compared to the same period last year USD 1.6 million approx.

     –    Perseroan mengumumkan dividen sebesar 13,63% pada bulan Juni 2023. Harga saham
          perseroan mengalami kenaikan sejak saat itu. Maklum saja harga sahamnya Rp 155 yang
          naik menjadi Rp 356 setelah pembagian dividen.
          the company declared a dividend of 13.63% in the month of June 2023. The share price of
         the company has seen the upswing since then. Just to understand the share price was Rp 155
         which went up to Rp 356 after the declaration of dividend.

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                                                                                                  INCIDENTAL PUBLIC EXPOSE
                                                                                                         18 September 2023




             Performa / Performance 2023 : RINGKASAN / SUMMARY

Posisi Keuangan l Financial Position                       Jun-23        2022         2021          2020          2019
Aset Lancar l Current Assets                              17,966,006    9,832,414    2,991,571     1,759,932     1,731,993
Aset Tidak Lancar l Non-Current Assets                    50,371,990   51,906,012   54,093,089 54,330,025       53,318,631
Total Aset l Total Assets                                 68,337,996   61,738,426   57,084,660 56,089,957       55,050,624
Liabilitas Lancar l Current Liabilities                    5,889,562    4,859,615    5,436,210     4,085,557     3,789,638
Liabilitas Tidak Lancar l Non-Current Liabilities          6,328,960    9,959,775   10,467,583    10,222,141     8,724,466
Total Liabilitas l Total Liabilities                      12,218,522   14,819,390   15,903,793    14,307,698    12,514,104
Saldo Laba (Rugi) l Profit (Loss) Balance                 16,250,128    8,750,960   10,684,971    12,305,344    15,870,313
Laba (Rugi) Tahun Berjalan l Profit (Loss) Current Year    9,200,438    7,499,168     (214,083)   (1,210,955)   (4,014,921)
Ekuitas – Bersih l Net Equity                             56,119,474   46,919,036   41,180,867    41,782,261    42,536,520
Penjualan / Revenue                                       35,727,782   49,267,169   4,117,385           -       16,334,616
Laba Kotor / Gross Profit                                 13,385,955   13,201,250    1,293,323      (503,811)   (1,973,569)
Laba Bersih / Net Income                                  12,355,112    7,499,168     (214,083)   (1,210,956)   (4,014,921)
Total Laba Komprehensif Tahun Berjalan                     9,200,438    7,458,097     (191,976)   (1,204,211)   (3,882,506)
Total Comprehensif Income for the year


                                                                                                                              3
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                                                                                     INCIDENTAL PUBLIC EXPOSE
                                                                                            18 September 2023



                    Kinerja Keuangan / Financial Performance 2023 (1)

                                       Kinerja Keuangan I
                                     Financial Performance
     60,000,000
     50,000,000
     40,000,000
     30,000,000
     20,000,000
     10,000,000
              -
    (10,000,000)
                       Penjualan I Sales       Laba Kotor I         Laba (Rugi) Neto    Laba (Rugi)
                                               Gross Profit           I Profit (Loss)     Bersih
                                                                     Before Income    Komprehensif I
                                                                           Tax        Comprehensive
                                                                                        Net Income
                                                                                          (Loss)

                                        Jun-23            2022            2021




                                                                         Jun-23       2022         2021
Penjualan I Sales                                                        35,727,782 49,267,169    4,117,385
Laba Kotor I Gross Profit                                                13,385,955 13,201,250    1,293,323
Laba (Rugi) Neto I Profit (Loss) Before Income Tax                       12,355,112 7,647,865      (214,083)
Laba (Rugi) Bersih Komprehensif I Comprehensive Net Income (Loss)         9,200,438 7,458,097      (191,976)

                                                                                                                4
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                                                                                                             INCIDENTAL PUBLIC EXPOSE
                                                                                                                    18 September 2023



                       Kinerja Keuangan / Financial Performance 2023 (2)

                                         Posisi Keuangan I Financial Position
 200,000,000

 150,000,000

 100,000,000

  50,000,000

           -
                 Aset Lancar I     Aset Tidak   Total Aset I Total Liabilitas Lancar Liabilitas Tidak   Total Liabilitas I Ekuitas-Bersih I
                Current Assets    Lancar I Non-      Assets            I Current      Lancar I Non-     Total Liabilities      Equity
                                 Current Assets                       Liabilities        Current
                                                                                        Liabilities

                                                      Jun-23         2022         2021



                                                                                           Jun-23              2022              2021
Aset Lancar I Current Assets                                                               17,966,006         9,832,414         2,991,571
Aset Tidak Lancar I Non-Current Assets                                                     50,371,990        51,906,012        54,093,089
Total Aset I Total Assets                                                                  68,337,996        61,738,426        57,084,660
Liabilitas Lancar I Current Liabilities                                                     5,889,562         4,859,615         5,436,210
Liabilitas Tidak Lancar I Non-Current Liabilities                                           6,328,960         9,959,775        10,467,583
Total Liabilitas I Total Liabilities                                                       12,218,522        14,819,390        15,903,793
Ekuitas-Bersih I Equity                                                                    56,119,474        46,919,036        41,180,867

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                                                                            INCIDENTAL PUBLIC EXPOSE
                                                                                   18 September 2023



     Kinerja Keuangan / Financial Performance 2023 (3)

                          Produksi Batubara/Coal Production


     1,600,000
     1,400,000
     1,200,000
     1,000,000
       800,000
       600,000
       400,000
       200,000
             -
                         Jun-23                2022               2021

                        Volume Produksi (MT)     Volume Penjualan (MT)




                                                           Jun-23      2022      2021
Volume Produksi (MT)                                         1,411,631 1,406,622 109,035
Volume Penjualan (MT)                                          921,224 1,260,619 107,370



                                                                                                       6
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                                                                    INCIDENTAL PUBLIC EXPOSE
                                                                           18 September 2023




     Kinerja / Performance 2021 (4) : PENJUALAN / SALES

                                      2021          2022 % change       June 2023
                                    (in USD)     (in USD)                (in USD)
Penjualan/Sales                    4,117,385    49,267,169 1096%        35,727,782
Laba Bruto/Gross Profit            1,293,323    13,201,250 920%         13,385,955
Laba Sebelum Pajak Penghasilan/    (214,083)     7,647,865 3400%        12,355,112
Profit Before Tax
Laba (Rugi) bersih per saham/EPS   (0.000076)   0.002983                  0,0002



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                                                                             INCIDENTAL PUBLIC EXPOSE
                                                                                    18 September 2023



                           Rencana Mendatang / Way Forward

Perusahaan memperkirakan permintaan yang stabil untuk produk batubaranya dan memiliki cadangan
yang cukup untuk mempertahankan kesuksesan model bisnisnya dalam jangka menengah dan panjang.
Selain itu, perusahaan juga menjajaki cara lain untuk mengurangi biaya. Perusahaan juga telah menunjuk
konsultan rantai pasokan yang saat ini sedang meninjau seluruh proses produksi dan logistik. Sebagai
hasil utama dari keterlibatan ini, perusahaan berharap dapat mencapai pengurangan biaya lebih lanjut.
Perusahaan juga mulai menjajaki pasar baru secara global seperti Jepang dan Filipina. Perusahaan
memperkirakan akan meningkatkan volume penjualannya dari 2.000.000 MT menjadi 3.000.000 MT
dalam waktu dekat dengan harga yang lebih baik di pasar baru.

The company foresees stable demand for its coal products and has enough reserves to sustain the
business model successfully on a mid to long-term basis. Further, the company is also exploring other
avenues where the cost can be reduced. The company has also appointed a supply chain consultant, who
is currently reviewing the whole process of production and logistics. As a primary result of this
engagement, the company expects to achieve further reduction in costs. The company has also started
exploring new markets globally such as Japan and the Philippines. The company expects to increase its
sales volume going up from 2.000.000 MT to 3.000.000 MT approximately in the near future with better
pricing in the new markets.



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                                                                 INCIDENTAL PUBLIC EXPOSE
                                                                        18 September 2023



                      Perkembangan terkini / Updates

•   RUPS di 2023 sebanyak 1 RUPS Tahunan dan 2 RUPS Luar Biasa;
    AGM in 2023 conducted : 1 AGM and 2 EGMOS;

•   Laporan keuangan tahun 2020-2023 sudah dilakukan di XBRL;
    Financial Statement period of 2020-2023 have bees submitted in XBRL;

•   Produksi batu bara berjalan normal dan lancar;
    Coal production runs normally and smoothly.

•   Selama tahun 2023, total pengiriman estimasi/kontrak sebanyak 31 buah, dan
    sejauh ini kami telah menyelesaikan 20 buah. Sisa pengiriman akan selesai pada
    akhir tahun.
     During 2023, total estimated/contracted shipments are 31 out of which so far we
     have completed 20. The rest of the shipments will be completed by the end of the
     year.
                                                                                            9

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