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20250728_ANTM_Laporan Informasi dan Fakta Material_31928055_lamp2.pdf
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INVESTOR PRESENTATION 1Q25 PT Aneka Tambang Tbk (ANTM.IJ)
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Disclaimer
This presentation may contain "forward-looking" statements that are based on numerous assumptions regarding the Company's present and future business strategies and
the environment in which the Company will operate in the future and are not a guarantee of future performance. The future events referred to in these statements involve
known and unknown risks, uncertainties and other factors, some of which are beyond the Company's control, which may cause the Company's actual results, performance or
achievements, or general industry results to be materially different from any future results, performance or achievements expressed or implied by the forward-looking
statements. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update or revise any
of them, whether as a result of new information, future events or otherwise. The Company and the Agents, and their affiliates, advisers and representatives do not make any
representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in
each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Accordingly, you should not place undue reliance on any
forward-looking statements.
This presentation also contains certain statistical data and analyses (the “Statistical Information”) which have been prepared in reliance upon information furnished by the
Company and other sources. Numerous assumptions were used in preparing the Statistical Information, which assumptions may or may not appear herein. No assurance can
be given as to the Statistical Information’s accuracy, appropriateness or completeness in any particular context, nor as to whether the Statistical Information and/or the
assumptions upon which it is based reflect present market conditions or future market performance. The Statistical Information should not be construed as either projections
or predictions or as legal, tax, financial, accounting or investment advice.
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Bronto Sutopo, who is a
Member of The Australasian Institute of Mining and Metallurgy. Mr. Bronto Sutopo has sufficient experience which is relevant to the style of mineralization and type of
deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Bronto Sutopo consents to the inclusion in the report of the matters based on his information in
the form and context in which it appears.
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ANTAM is a Diversified and Vertically Integrated Mining Leader
with Strong Fundamentals
Reserves and Resources Revenue per Segment FY241,2 Revenue by Segment 1Q251,2
Nickel Gold Bauxite Rp1.8T
2% 14% Rp9.5T Rp0.7T
3% 14% Rp3.8T
(millions wmt) (thousand dmt | ton Au) (millions wmt) $111 mio $588 mio $43 mio $227 mio
1,309 1,319
1,400
7,000 26.47 1,200
22.67
1,200
5,583
5,141
6,000
1,000
1,000
69T 26T
5,000
800
547 553
Rp Rp
800
4,000
494 69% 203%
490
600
600
$4,281 mio $1,574 mio
3,000
5.72 5.16 400
400 2,000
860 805 198
200 1,000
200
122
- - -
2023 2024 2023 2024 2023 2024
84% Rp57.9T 83% Rp21.6T
$3,581 mio $1,304 mio
Reserves Resources
Open Pit Underground Open Pit Profitability by Segment FY241,2 Profitability by Segment 1Q251,2
Nickel Mine Gold Mine Bauxite Mine Exclude HO and other segment Exclude HO and other segment
Rp0.2T 4% 17% Rp0.2T 6%
$13 mio $12 mio
Rp0.8T
$51 mio
Ferronickel Plant Gold Leaching 41%
Plant Chemical
Electric Vehicle
Grade Alumina Rp1.3T
Battery (EVB) Precious Metal
4.9T 3.2T
$78 mio
Plant
Ecosytem Refinery and Rp Rp
Integrated Plant Manufacturing Smelter Grade $301 mio Rp1.7T
$194 mio
*Development phase
Plant Alumina Plant
*Commisioning phase
$103 mio
Rp3.8T 53%
$236 mio
79%
Nickel Ore Precious Bauxite
Ferronickel Metals Alumina Nickel Gold Bauxite yoy
Bar 999.9
1 Exchange rate USD/IDR FY24=16,162; 1Q25= 16,588 | 2 Unaudited 1Q25 Financial Statement
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ANTAM’s Operations are Strategically Positioned
to Support Indonesia’s Growth in the Mining Sector
Tayan Tayan Mempawah West Kalimantan Pongkor 10 Logam Mulia Precious
7 7 8 8 9
Bauxite Mine CGA Plant SGA Plant Mining Development Gold Mine Metal Refinery and Mfg
Reserves : 108 million wmt Ownership : 100% Installed cap. : 1 million ton p.a. Capacity : 3 million wmt p.a. Reserves : 166 k.oz | 5.16 t Au Refinery cap. : 100 tonnes p.a.
Resources : 193 million wmt Installed cap. : 300 kton p.a. Status : Commisioning Status : Pre construction Resources : 649 k.oz | 20.19 t Au : ~30 – 40 tonnes
Mfg’ cap.
p.a.
11 Gresik Precious
Metal Manufacturing
Mfg’ cap. : ~30 tonnes p.a.
Medan
Status : Pre-Construction
Kuala Tanjung
5 3
Bintan
8 Mempawah Maba
Pekanbaru Weda
Pontianak Tayan 6
IK Nusantara Gag
7 Balikpapan
Obi 4
Pangkalpinang
Nickel Soroako
Ketapang Morowali
Palembang
North
Bauxite Konawe Morosi
2 Tembagapura
Kolaka
Makassar
Precious Metals 10
Bantaeng
Tangerang Jakarta 11 1
Bogor Bandung Semarang Gresik
Surabaya
Yogyakarta
Development phase 9 Denpasar
Butik Emas LM (Gold Boutique) 6 PT Sumber Daya Arindo
(SDA) Nickel Mine
Reserves : 228 million wmt
Resources : 294 million wmt
Kolaka 2 North Konawe 3 North Maluku 4 PT Gag Nikel 5 PT Jiu Long Metal Industri PT Nusa Karya Arindo
1 6
Nickel Mine Nickel Mine Nickel Mine (GN) Nickel Mine NPI Plant (NKA) Nickel Mine
Reserves : 20 million wmt Reserves : 49 million wmt Reserves : 13 million wmt Reserves : 56 million wmt Ownership : 30% Reserves : 128 million wmt
Resources : 58 million wmt Resources : 234 million wmt Resources : 39 million wmt Resources : 320 million wmt Installed cap. : 28 kTNi p.a. Resources : 374 million wmt
Kolaka East Halmahera 5 PT Weda Bay Nickel 6 EVB Ecosystem
1 3
Ferronickel Plant Ferronickel Plant NPI Plant and Nickel Mine Integrated Plant
Capacity : 27,000 TNi p.a Capacity : 13.5 kTNi p.a Ownership : 10% ANTAM Scope : RKEF, HPAL
Status : Commercial Status : Commisioning Installed cap. : 30 kTNI p.a. Status : Pre-Construction
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MIND ID and ANTAM Align Under New Structure
to Support National Goals
Previous Structure
Current Structure
INDONESIA MIND ID ANTAM
Moody’s Baa2 Moody’s Baa2
Stable outlook Stable outlook Pefindo idAA
Stable outlook
Fitch Rating BBB Fitch Rating BBB-
Stable outlook Positive outlook
PT Biro Klasifikasi
Indonesia (Persero) as
Operational Holding
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ANTAM Has Shown Consistency in Commitment
to Meet Our ESG Goals
Environment Performance1 Occupational Health and Safety1
Total Trees Planted Safety Performance Frequency Rate (FR)
Program for Zero Fatal
Environmental 190,813 28%
Accident Target: Zero 0.12 Target: 0.17
Management and
Compliance Total Emission Total Recordable Incident Rate (TRIR) Severity Rate (SR)
Ministry of
Environment
• Gold Proper
1.42 13%
million tons CO2 eq 0.070 6.00 Target: 114
• Green Proper 1 FY2024 figure as stated in Annual Report 2024
• Blue Proper GHG Emission Reduction
4.72% Target: 2.25%
Contribution to Nation2
Total Energy Consumption Non Tax and Duty Taxation (Central)
12.39 23%
million tons GJ Rp190 billion Rp507 billion
Good Mining Practices
and Operational Reclamation Dividend Local Taxation and Retribution
Excellence Recognition
75.26 Ha Rp2.7
Target: 73 Ha
Subject to AGMS 2024
Ministry of Energy and in 12 June 2025 billion
Mineral Resources
• Utama Awards Environmental Funds dan Investments 2 1Q25 unaudited figure
• Pratama Awards
Rp158.33 3%
billion
1 FY2024 figure as stated in Annual Report 2024 Source: Internal Report, ANTAM Quarterly Report 4Q24 | 6
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ANTAM Continues to Enhance Fundamentals in Financial Metrics,
Risk Management and GCG Compliance
Credit Rating
idAA / Stable
GCG Score
ASX CG Principles ASEAN CG Scorecard OJK GCG Principle
94.93% 84.74% 100%
ESG Risk Score
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Operational
Highlight
Production and Sales Performance
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Gold Production and Sales
Production Volume Sales Volume and Average Selling Price
(ton) (ton | USD/t.oz)
2,994
2,757
2,580 2,668
2,551 50.4
2,421
2,142
43.8
2,038 13.7
36.7
26.1
15.2
21.5
1.2 1.0 0.9 1.1 8.9 12.6
0.6
0.3 0.3
0.2
0.2 0.2 13.7
0.3 7.1
2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25 2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25
Sales Revenue1 Sales Destination
(IDR trillions, USD millions )
$4,317
Rp71.6
$3,564
Rp57.6 $3,094 Wholesaler 66%
21.6
Rp50.0
Retails
$1,693
$1,739
Boutique 27%
21.9
Rp26.1 Rp28.1 $1,302
$693 Rp21.6 Corporate,
Rp11.2 16.9
$475 Digital and 7%
Rp7.7 Others
2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM-1Q25 1Q24 1Q25
1 Exchange rate USD/IDR 2023= 15,416; 2024=16,162; 1Q25= 16,588 | 9
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Nickel Ore Production and Sales
Production Volume Sales Volume and Average Selling Price
(millions wmt) (millions wmt | USD/wmt)
46.6
13.5 42.9 45.6
13.1 40.6 41.5
41.1
11.7 38.5 11.2 34.2
9.9 4.6
8.5 8.4 3.8
7.4
5.9 2.6
4.6 4.7 2.6
3.8
2.7 3.1
2.4 2.4
1.4 1.0
2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25 2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25
Sales Revenue1 Sales Destination
(IDR trillions, USD millions )
$539 Weda
$460
Rp8.3 Rp7.6 Domestic 100%
$333 Obi
$300
Rp5.4 Rp4.8 2.8 Morowali
$184 $169
$88 Rp3.0 Rp2.80 Export -
1.9 $33 Morosi
Rp1.4 Rp0.50
1.6
Bantaeng
2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25
1 Exchange rate USD/IDR 2023= 15,416; 2024=16,162; 1Q25= 16,588 | 10
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Ferronickel Production and Sales
Production Volume Sales Volume and Average Selling Price
(kilo ton Ni) (kilo ton Ni | USD/ton Ni)
14,816
13,788 13,670
13,253 13,192 13,011
12,286
24.3
21.5 20.1 19.8 20.1 19.5 19.5
4.8
15.3
4.5 11.7
10.5 7.8
4.9
5.4 6.9
4.8 4.8
5.1 4.8 4.5
2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25 2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25
Sales Revenue1 Sales Destination
(IDR trillions, USD millions )
China 35%
Netherlands
China South Korea
India 32%
$308
$296
$256
$256
Rp5.1 India South Korea 31%
Rp4.6 $158 Rp4.1
Rp4.1 1.0
$45 Rp2.6 $59
Other 3%
1.6
Rp0.7 1.8 Rp1.0
2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25
1 Exchange rate USD/IDR 2023= 15,416; 2024=16,162; 1Q25= 16,588 | 11
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Bauxite Production and Sales
Production Volume Sales Volume and Average Selling Price
(millions wmt) (millions wmt | USD/wmt)
26.4 32.3
26.6 26.8 27.1
2.0
1.8 20.4
1.5
1.3 1.2 0.7 1.2
0.7 0.5
0.7 0.7 0.7
0.5 0.5
0.4
0.1
0.2 0.1
- -
2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25 2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25
Sales Revenue1 Sales Destination
(IDR trillions, USD millions )
Bintan Mempawah
$30
Domestic 100%
Rp0.5 $19
$22
$19 Rp0.4 $16
Rp0.3 Rp0.3
Rp0.3 Export -
$3 0.3
Rp0.0
-
2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25
1 Exchange rate USD/IDR 2023= 15,416; 2024=16,162; 1Q25= 16,588 | 12
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Financial Highlight
Income Statement and
Statement of Financial Position
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ANTAM Has Surpassed Business Hurdles
and Achieved All Time High Revenue
Revenue Gross Profit
(IDR billion, USD million) (IDR billion, USD million)
5,228
86,724 14%
4,281 15% 12% 12%
11% 11%
69,192 3,748
26,152 9% 611
60,572 10,134
2,663 3%
410 402 402
2,140 3,636
41,048 25,991
6,315 6,498 6,498
34,581 1,577 238 219
901 26,152 3,853 2,395 3,636
20,012 108
14,569 533
1,753 2,100 16
8,620
251
2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25 2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25
EBITDA Net Income
(IDR billion, USD million) (IDR billion, USD million)
16%
13%
11% 12%
10% 10% 10% 9% 9%
570 7% 7%
9,462 360
6% 6% 6% 6%
425 416 384 5,965
6,549 6,727 6,202 3,260 238
225
200 3,852 2%
210 197 3,642 2,323 140
3,078 125
117 3,402 2,800 3,260 81 2,323
2,019 1,622
1,892 33 1,302 13
1,510 717
528 211
2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25 2023 2024 2Q24 2Q-3Q24 2Q-4Q24 TTM1Q25 1Q24 1Q25
1 Exchange rate USD/IDR 2023= 15,416; 2024=16,162 ; 1Q25= 16,588 Margin | 14
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ANTAM is Well Positioned to Fund Our Growth Plan
in the Coming Future
Cash & Cash Equivalents Total Assets
(IDR billion, USD million) (IDR billion, USD million)
12%
7% 9%
4% 2,912
2,755
2,780
2,550 48,303
42,851 44,523
41,214
734
597 11,857
9,209 417
294 6,916
4,752
2023 2024 1Q24 1Q25 2023 2024 1Q24 1Q25
Total Interest-Bearing Debt Total Equity
(IDR billion, USD million) (IDR billion, USD million)
17%
12% 5%
10%
2,087
2,022 1,992 1,945
34,623
31,166 32,200 31,432
1.24
0.38
163 0.00 0.00
87
2,508 -
1,413
- -
2023 2024 1Q24 1Q25 2023 2024 1Q24 1Q25
1 Exchange rate USD/IDR 2023= 15,416; 2024=16,162 ; 1Q25= 16,588 Debt/Ebitda TTM-ROA TTM-ROE | 15
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Development
Highlight
Growth Story
| 16
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Gold Bar Sales and Purchase Agreement between PTFI and ANTAM
Location:
East Jakarta, Jakarta
Gresik, East Java
Sales Quantity:
Up to ± 30 tons of Gold Bar p.a.
99.99 Au
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Gresik Precious Metal Manufacturing Plant
Location:
Gresik, East Java
Ownership
100% ANTAM
Expected Product Output:
Up to 5 million pcs p.a.
gold minted bars and coins
Expected Plant Capacity:
~30 ton of 99.99 Au
Est. Total Investment:
~Rp 1.1 Triliun eq. ~USD 70 Mio
Status:
Pre-Construction
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Electric Vehicle Battery Ecosystem Development Project - RKEF JV
Location:
Buli, East Halmahera
Partners:
CBL Consortium (CATL, Brunp, Lygend)
Ownership:
40% ANTAM
Capacity:
88,000 ton p.a. NPI
Timeline:
2025 – 2027
Est. Project Costs:
~US$1.4 billion
Status:
Pre – EPC & Pre – Project Financing
Project Scope:
RKEF Plant 8 Lines and Industrial Park
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Electric Vehicle Battery Ecosystem Development Project - HPAL JV
Location:
Buli, East Halmahera
Partners:
CBL Consortium (CATL, Brunp,
Lygend)
Ownership:
30% ANTAM
Capacity:
55,000 ton p.a MHP
Timeline:
2026 – 2028
Est. Project Costs:
~US$1.9 billion
Status:
JVCo Establishment
Project Scope:
HPAL Plant
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Smelter Grade Alumina (SGA) Refinery Mempawah Project
Location:
Mempawah,
West Kalimantan
Ownership:
40% ANTAM, 60% INALUM
Capacity:
1 mio ton p.a.
Est. Total Investment:
~USD900 million
Est. Operational Life-Time:
20 years
Status:
Commissioning
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INVESTOR RELATIONS OFFICE Gedung Aneka Tambang Tower A Jl. Letjen. T.B. Simatupang No. 1 Lingkar Selatan, Tanjung Barat Jakarta 12530, Indonesia (62-21) 789 1234 (62-21) 789 1224 For any inquiries, please contact us through: investor.relation@antam.com
Names mentioned 10 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Bronto Sutopo
p.2 ×3
unresolved
org
PT Sumber Daya Arindo
p.4
unresolved
org
PT Gag Nikel
p.4
unresolved
org
PT Jiu Long Metal Industri
p.4
unresolved
org
PT Nusa Karya Arindo
p.4
unresolved
org
PT Weda Bay Nickel
p.4
unresolved
org
Ministry of Environment
p.6
unresolved
org
Ministry of Energy
p.6
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