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20230730_BUMI_Laporan Informasi dan Fakta Material_31355487_lamp2.pdf
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Bakrie Tower,12th floor
Komplek Rasuna Epicentrum
Jl. H.R. Rasuna Said
Jakarta, INDONESIA 12940
Website: www.bumiresources.com
Company Information
BUMI ANNOUNCES FIRST HALF 2023 RESULTS
− REVENUE $3,304 MILLION, DROP DUE TO ROYALTY & LOWER PRICES
− OPERATING EXPENSES DECLINE BY 28.6%
− $150.1 MILLION TOTAL INCOME
− ATTRIBUTABLE NET INCOME $81.8 MILLION
Jakarta, 28 July 2023
PT Bumi Resources Tbk. (“BUMI” or “The Company”) confirms that the summarized Financial Statements for
1H’2023. The detailed Financials with notes are already available on IDX and BUMI websites.
Attached for your information is:
a) The Income Statement for First Half 2023 is PSAK 66 compliant ie consolidates Arutmin but equity
accounts KPC (Appendix 1).
b) The Consolidated Income Statement 1H’2023, including KPC, is highlighted below for benefit of
investors and compared YOY (Appendix 2).
c) Operating Metrics of the BUMI on full basis for 1H’2023 (YOY) are attached (Appendix 3).
PSAK66 Performance 1H’2023 vs 1H’2022
Revenue US$886.3 million vs US$ US$968.7 million or decrease by $82.4 million
(-8.5%)
Cost of Revenue US$(777.6) million vs US$(755.0) million or increase by 3.0%
Gross Profit US$108.7 million vs US$213.7 million or decrease by 49.2%
Operating Expenses US$(40.3) million vs US$(56.6) million or decrease by 28.7%
Operating Income US$68.3 million vs US$157.1 million or decrease by 56.5%
Operating Margin 7.7% vs 16.2%
Income before Tax US$113.5 million vs US$277.5 million or decrease by 59.1%
- a negative swing of US$164.0 million YOY
Total Income US$91.2 million vs US$178.4 million or decrease by 48.9%
- a negative swing of US$87.2 million YOY
Net Income For the
Period Attributable to US$81.8 million vs US$167.7 million or decrease by 51.2%
Owners of The Parent - a negative swing of US$ 85.8 million YOY
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Consolidated Performance 1H’2023 vs 1H’2022
Revenue US$3,303.6 million vs US$ US$3,812.4 million or decrease by $508.8 million
(-13.3%)
Cost of Revenue US$(2,940.2) million vs US$(2,721.7) million or increase by 8.0%
Gross Profit US$363.5 million vs US$1,090.7 million or decrease by 66.7%
Operating Expenses US$(113.9) million vs US$(159.5) million or decrease by 28.6%
Operating Income US$249.6 million vs US$931.2 million or decrease by 73.2%
Operating Margin 7.6% vs 24.4%
Income before Tax US$223.5 million vs US$788.3 million or decrease by 71.6%
- a negative swing of US$564.8 million YOY
Total Income US$150.1 million vs US$418.8 million or decrease by 64.2%
- a negative swing of US$268.7 million YOY
Net Income For the
Period Attributable to US$81.8 million vs US$167.7 million or decrease by 51.2%
Owners of The Parent - a negative swing of US$85.8 million YOY
Financial Highlights based on Consolidated – 1H’23 vs 1H’22
1H’23 Revenue US$3,303.6 million vs US$3,812.4 million, a decrease by 13.3% YOY, due to continuing La
Nina and continuous heavy rain conditions. Best efforts were made to control costs, due largely to spiraling fuel
prices.
In 1H’23 Total Royalty paid on full consolidation basis amounted to US$1,030.6 million equivalent to 31.2% of
Gross Revenue of US$3,303.6 million.
Royalty on domestic sales increased to 14% and up to 28% on exports effective 1 January 22 – at subsidiaries
KPC and Arutmin.
Operating Income decreased 73.2% to US$249.6 million (vs US$931.2 million YOY); Income before Tax
US$223.5 million (vs $788.3 million YOY).
Total Income down to $150.1 million (vs $418.8 million YOY) of which attributable to Bumi is $81.8 million (vs
just $167.7 million YOY) - decreased 51.2% vs 1H’22.
Operating Performance 1H’23 vs 1H’22
Overburden Removed (mbcm) : 355 vs 306 – up 16% higher
Strip Ratio : 10.0 vs 8.9
- More coal exposed, less mined due to heavy rains.
- In drier weather can step up
Coal Mined : 35.4MT vs 34.5MT – increased by 2%
Coal Sales : 34.6MT vs 33.8MT – increased by 2%
FOB Prices : $93.2/t vs $110.9/t – decreased by 16%
Inventory : 4.4MT vs 2.1MT
The 16% drop in FOB Prices is downward trending since last year. However, the Company remains upbeat on
potential increase in coal prices due to geopolitical situation.
Overburden removed was 16% higher than 1H’22 and Coal Mined and Sales Volume increased 2% YoY.
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FY 2023 Guidance - Current
Production : 75MT – 80MT
Average forecast price : US$ 95/t – USD 105/t
Production Cash Cost : ca $60/t - $62/t
Global Earnings Call – 1H’23 Results
A global earnings call on our 1H’2023 results is planned. Dial in details would be separately advised.
For further information, please contact:
Dileep Srivastava
Director & Corporate Secretary
PT Bumi Resources Tbk.
Tel (62-21) 5794 2080
Fax (62-21) 5794 2070
email dileep@bumiresources.com
www.bumiresources.com
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Appendix - 1
PSAK66 Income Statement 1H’2023 vs 1H’2022
30 Juni/June 30, 2023 30 Juni/June 30, 2022
Setelah PSAK 66 Setelah PSAK 66
After PSAK 66 After PSAK 66
PENDAPATAN 886,270,640 968,688,893 REVENUES
BEBAN POKOK PENDAPATAN (777,612,639) (754,965,960) COST OF REVENUES
LABA BRUTO 108,658,001 213,722,933 GROSS PROFIT
BEBAN USAHA (40,328,147) (56,583,760) OPERATING EXPENSES
LABA USAHA 68,329,854 157,139,173 OPERATING INCOME
(BEBAN) PENDAPATAN LAIN-LAIN - NETO 45,213,128 120,336,065 OTHER (EXPENSE) INCOME - NET
LABA SEBELUM BEBAN INCOME BEFORE INCOME
PAJAK PENGHASILAN 113,542,982 277,475,238 TAX EXPENSE
BEBAN PAJAK PENGHASILAN (16,452,248) (82,856,879) INCOME TAX EXPENSE
LABA NETO SETELAH PAJAK 97,090,734 194,618,359 NET INCOME AFTER TAX
BAGI HASIL (5,874,602) (16,176,429) PROFIT SHARING
LABA NETO 91,216,132 178,441,930 NET INCOME
Total Laba Tahun Berjalan Yang Dapat Total Net Income For The Year
Diatribusikan Kepada: Attributable To:
Pemilik Entitas Induk 81,829,733 167,672,837 Owners of the Parent Company
Kepentingan Non-Pengendali 9,386,399 10,769,093 Non-Controlling Interests
91,216,132 178,441,930
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Appendix - 2
Consolidated Income Statement 1H’2023 vs 1H’2022 – Including KPC & Arutmin
30 Juni/June 30, 2023 30 Juni/June 30, 2022
Metode Konsolidasi/ Metode Konsolidasi/
Consolidation Method Consolidation Method
PENDAPATAN 3,303,645,474 3,812,420,084 REVENUES
BEBAN POKOK PENDAPATAN (2,940,189,693) (2,721,707,873) COST OF REVENUES
LABA BRUTO 363,455,781 1,090,712,211 GROSS PROFIT
BEBAN USAHA (113,878,058) (159,489,164) OPERATING EXPENSES
LABA USAHA 249,577,723 931,223,047 OPERATING INCOME
(BEBAN) PENDAPATAN LAIN-LAIN - NETO (26,044,329) (142,923,118) OTHER (EXPENSE) INCOME - NET
LABA SEBELUM BEBAN INCOME BEFORE INCOME
PAJAK PENGHASILAN 223,533,394 788,299,929 TAX EXPENSE
BEBAN PAJAK PENGHASILAN (54,435,404) (298,889,677) INCOME TAX EXPENSE
LABA NETO SETELAH PAJAK 169,097,990 489,410,252 NET INCOME AFTER TAX
BAGI HASIL (19,026,983) (70,611,718) PROFIT SHARING
LABA NETO 150,071,007 418,798,534 NET INCOME
Total Laba Tahun Berjalan Yang Dapat Total Net Income For The Year
Diatribusikan Kepada: Attributable To:
Pemilik Entitas Induk 81,829,733 167,672,837 Owners of the Parent Company
Kepentingan Non-Pengendali 68,242,274 251,125,697 Non-Controlling Interests
150,072,007 418,798,534
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Appendix -3
Operational Summary (ON FULL BASIS) - Unaudited 1H’2023 vs 1H’2022
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