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Page 1
Public Expose
PT Elnusa Tbk (IDX:ELSA)
11th September 2025
Page 2
OUTLINE Company Profile Company Strategy & Operational Performance 1H25 Financial Performance
Page 3
Vision Mission
1. Improve business sustainability and profitability in local and international energy
“Reputable Energy Services industries to meet shareholders’ expectations
Company by Providing Total 2. Fulfill and maintain customer satisfaction by providing Total Solution through synergy,
Solution” operational excellence, HSSE and GCG principles.
3. Improve employees’ welfare and growth opportunities
4. Establish harmonious and mutually beneficial relationships with governments, partners,
and communities.
Elnusa Journey
Seismic
PT Elnusa Capitalizing on
Division
Changed name to PT Elnusa IPO New Logo & Vision Opportunities
Formed the seismic data
1969 processing division 1983 and Elnusa Yellow Pages 1996 2008 on
Listed Company 2011 Energy Services Company by 2021 Building a Stronger
became the first subsidiary 6 February 2008 Presence & Resillience
(PT Elnusa Geosains) Providing Total Solution
PT Elektronika Business Restructuring Turnaround PHE as Majority
Nusantara 1972 Workover Services 1984 Organization 2008 Stop the bleeding, Capital 2013 Change of Share ownership 2025
& IT Services Restructuring from PT Pertamina (Persero)
Refinancing and Change in
to Pertamina Hulu Energi
Marine Electronics Human Culture
and controlling 51% of the
Workshop
shares
Page 4
Elnusa at Glance
Shareholding Structure
Integrated Upstream Oil and Gas Support Energy Distribution
Oil & Gas Services Services and Logistics
A public company, established in 1969 and listed in
Indonesia Stock Exchange since 2008 (Code : ELSA).
Page 5
Nation Wide Operation Area
ALGERIA & LIBYA
SEISMIC DATA PROCESSING– PERTAMINA LIBYA (2008) ELNUSA
PASSIVE SEISMIC – PAEP (2017) ELNUSA
WELL MONITORING -PIEP -(2017) SCU
OCTG TRADING DELIVERY TO ALGER - PAEP - (2025) EFK
INDIA
3D SEISMIC LAND - ADVENT (2016) ELNUSA
SOUTH EAST ASIA
MYANMAR – SEISMIC PROCESSING - EXSPAN OIL (1998) ELNUSA
VIETNAM – HWU - VIETSOV PETRO (2007) ELNUSA
BRUNEI – 3D SEISMIC ACQUISITION – SHELL (2015) ELNUSA
MALAYSIA- HWU – PETRONAS (2016) ELNUSA
VIETNAM – 3D SEISMIC MARINE – SOCO OIL (2019) ELNUSA
Keterangan:
Upstream Supporting Distribution & Logistic
G
: Geoscience & Resevoir Services D
BBM
: Transportasi BBM
RS M : Physical & Digital Data Management Business
DPT
OF : Oilfield Services GE : Pengelolaan Depot
S O : GeoData Management
DPU
: Pengelolaan DPPU
EO
M
: EPCOM Services M
: Marine Support Services
S CMC : Chemical Services
FAB
: OCTG, Fabrikasi & Maintenance INM : Perdangan BMM Inmar
Page 6
Company Strategy 2025
Synergy within
Pertamina Group
Maintaining Workforce
Productivity
Strategic
Partnership
Development of Competence,
Capability, and Corporate
Culture
Selective and Prudent
Investment
Strengthening
Financial Aspects
New Business
Development Selection
Page 7
Synergy Pertamina Group and
Strategic Partnership
Synergy Pertamina Group Partnership
Page 8
Contract Performance
As of Jun-25
In IDR
Integrated Upstream Oil Oil and Gas Support Energy Distribution
and Gas Services Services and Logistics
Carry Over 2024 10,9 Tn 2,5 Tn 4,3 Tn
New Contract up to 1,8 Tn 1,1 Tn 8,7 Tn
June 2025
Contract Absorbed
3,8 Tn 1,6 Tn 7,0 Tn
up to June 2025
Notes:
▪ Carry Over 2024 refers to prior-year contracts with continued execution in 2025.
▪ New Contract 2025 refers to contracts secured up to June 2025
▪ Contract Absorbed reflects projected revenue realization from secured contracts as of June 2025.
Page 9
Operational Performance 1H25
Integrated Upstream Oil and Gas Services Oil and Gas Support Services Energy Distribution and Logistics
Marine Support
Transportation
Seismic 3D&2D Wireline Welltesting
▪ 80% asset utilization 11,8Mn KL
▪ 21 non-asset based project
564,85 km2 551 Jobs 7.401 Wells ▪ Zero LTI & TRIR DEPO
13,14 km 592 Wells
Fabrication Construction
BBM 2,1 Mn KL
LPG 60,9K Ton
▪ OCTG : Amandemen PHR
▪ WUR MD PHR BBM Inmar & Lubricant
▪ Perbaikan Sarfas TBBM 85,2K KL & 2,8K KL
Modular Rig CMT & CTS HWU Di MOR VI Kalimantan
Drilling 5 Wells 170 Wells 81 Wells Chemical
Warehouse & Data Management
at PHSS 329 Wells 163,5K Drum
▪ 95% asset utilization
▪ Re-sertifikasi ISO Fuel Retail
27001:2022 & ISO 20000-
1:1018 4,3K KL
Penyelesaian Commisioning Percepatan ▪ 192 contract on hand
Project EPC Booster Pump Pertagas
Page 10
Capex Performance 1H25
(Plan & Result)
Capex Realization 1H25 Capex Plan 2025
(IDR Billion) List of Capex
o Integrated Upstream Oil and Gas Services
13% Coiled Tubing Unit (CTU), EWL Unit, Logging Tools,
Welltesting Unit, & Cementing Unit.
o Energy Distribution and Logistics Services
39% TLPG Kolaka & Fuel Tank Vehicles.
594
495 525
409 o Oil and Gas Support Services
234 General WHS SCU, Docking Barges ETSA, AHTS (Anchor
Handling Tug Supply) ETSA, & CNC Machine (Coupling &
2022 2023 2024 2025F Jun-25 Pipe Threading EFK).
o Integrated Upstream Oil and Gas Services
Composition
U-Sit, Lab Cementing, Software Promax, E-Cutter, GPS Geodetic.
5%
o Energy Distribution and Logistics Services 8%
Upstream
Fuel Tank Vehicles, ANTAM
Dist & Log 12%
o Oil and Gas Support Services 45%
Support Upstream
Hopper Barge, Docking Intermediate Survey ELSA#01, Docking
Non Project
ELSA#07, CNC Coupling, Warehouse Batam 30%
New Business
Page 11
New Business Development Selection
INTEGRATED OPTIMZATION
AWP@ SYSTEMS
AWP@ Software
controller
Sensor Transmitter AWP@ casing
AWP@ tubing
production controller production Gas
controller
Pipeline Integrity Well Production
Well Optimization Carbon Capture Fabrication EV Ecosystem
Management Improvement
• In-Line Inspection • Pertasolvent • Ecolift Hydraulic • Carbon Capture • Binary Heat • Battery Charging
Services • Hydraulic Pumping Unit Utilization & Exchanger for Station
• Foam Pig Dilation Water Storage (CCUS) Geothermal
product Pumping • Inflow Control
development • Automatic Well Device
Performance (Downhole Flow
Analyzer Regulator)
Page 12
ESG Roadmap, Program and Realization
2025 - 2026 2027 - 2028 2029 - 2030
▪ Optimization of avtur distribution to
Environment ▪ ESG rating Aircraft or Helicopters using ASPAV
▪ Reducing
powered by batteries with energy
▪ Addressing climate environmental
charging sources utilizing sunlight at
change footprint
DPPU Lampung
▪ Estimated annual GHG emissions
▪ Strengthening ▪ Responsible ▪ Expanding reduction at 61,3 ton CO2eq in 2024
Social Product & Service Supply Chain Community
Quality Engagement & ▪ Installed transparent roof at BSD
▪ Employee Impact warehouse and Merak warehouse
Development & ▪ Respecting ▪ Operation efficiency improvement
Retention Diversity, Equity ▪ Estimated annual GHG emissions
▪ Enhancing Health & & Inclusion (DEI) reduction at 545,5 ton CO2eq in 2024
Safety
Governance ▪ Leveraging ▪ Plastic Bottle Waste Utilization
Corporate Ethics Program in Collaboration with in
▪ Strengthening Cyber Graha Elnusa
Security ▪ Estimated annual GHG emissions
reduction at 1,7 ton CO2eq in 2024
▪ Fuel diesel conversion into biodiesel
B35 in IT Manggis & FT Waingapu
▪ Estimated annual GHG emissions
reduction at 1.282,4 ton CO2eq in
2024
Page 13
Financial Performance 1H2025
Revenue 11% Upstream O&G Services Total Asset
O&G Support Services
33%
Rp 6,9 Tn ▲10% YoY
1H25
Distribution & Logistic
Rp 10,5 Tn ▼1% YtD
56%
EBITDA 22% Total Equity
Rp 742 Bn ▼4% YoY
Pertamina Group 1H25 Rp 4,9 Tn ▲6% YtD
Third Party
78%
Net Profit Cash Flow Operation
▪ The Company's largest revenue contribution come from
Rp 336 Bn ▼24% YoY the distribution & logistics segment and the upstream oil 656 Bn ▼17% YoY
segment.
▪ Revenue growth in the distribution & logistics segment is
driven by the performance of the industrial fuel trading
Net Profit Margin business and fuel transportation services, while the oil Ending Cash
and gas support segment is driven by the fabrication
4,8 % ▼31% YoY business. 2,9 Tn ▲20% YoY
▪ The decline in net profit and net profit margin was due
to Bank Mega's interest income in the previous year and
exchange rate differences.
Page 14
Financial Performance
By Segmen
Integrated Upstream Oil and Energy Distribution and Oil and Gas
Gas Services Logistics Services Support Services
-11% +22% +30%
Revenue 2.613 2.317 Revenue 4.031 Revenue 692 897
3.306
-10% -8% +45%
EBITDA 304 275 EBITDA 394 364 EBITDA 71 103
-55% +2% +64%
Net Profit 232 Net Profit 186 190 Net Profit 25 41
105
Jun-24 Jun-25 Jun-24 Jun-25 Jun-24 Jun-25
NPM 8,9% 4,6% NPM 5,6% 4,7% NPM 3,6% 4,6%
*) Revenue, EBITDA, Net Profit by Segmen before elimination
Page 15
Strengthening Financial Aspects
Elnusa improve Corporate
rating from idAA to idAA+
Strong Liquidity
With a solid liquidity position,
Elnusa will be able to
optimally support the Dividend Payment
financing of its operational ELSA consistently maintains its
performance commitment to distributing
dividends to its shareholders
every year
Investment
Financing
Supporting investment funding
through financing, either in the
form of loans or Equity Sukuk Payoff
Elnusa has settled the sukuk redemption
by utilizing available cash in August 2025
Page 16
Thank you
Names mentioned 7 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Elnusa Geosains
p.3
unresolved
org
PT Elektronika
p.3
unresolved
org
Indonesia Stock Exchange
p.4
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