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Page 1
PUBLIC EXPOSE
PT CITRA TUBINDO TBK
Jakarta, June 12 2025
Page 2
AGENDA 1. Company Overview 2. Sales, Operations and Financial Overview 3. 2025 Business Outlook 4. Board of Directors and Board of Commissioners Structure 5. Questions & Answers Session
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COMPANY OVERVIEW
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Company Profile PT Citra Tubindo Tbk
Incorporation Date 23 August 1983
Location Kepulauan Riau Province, Batam Island
Status and Form of Legal Entity Limited Liability Company (PT) and Public Company
Line of Business • Pipe threading
• Accessories Manufacturing Services
• Heat Treatment Process
• Pipe Coating & Surface Treatment
• Protectors Manufacturing Services
Address of Head Office & Factory Hang Kesturi I No. 2, Kawasan Industri Terpadu Kabil,
Batam 29467 Telp: (0778) 711121-711123
Address of Representative Office World Trade Center 16th Floor
Jl. Jend Sudirman Kav 29-31
Jakarta 12920 Telp: (021) 5250609
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Vallourec SA*
100% Organization Structure
Vallourec Tubes
100%
Kestrel Wave Nippon Steel
Public
Investments Ltd Corporation
48.23% 6.98% 11.31%
33.48%
PT Citra Tubindo Tbk
99.94%
100% 99%
PT Sarana Citranusa PT Citra Pembina
NS Connection Pte., Ltd.
Kabil Pengangkutan Industri
98%
PT Citramadya Cargindo
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SALES, OPERATIONS
AND FINANCIAL
OVERVIEW
Page 7
2024 Business Highlights
Positive international and ● Relatively stable oil price towards 2024 giving
visibility to the operators
domestic trend… ● High activity in export market
● Acceleration of drilling in Indonesia (921 wells)
with 93% realization of SKK Migas
● Restart of geothermal project and good
momentum on CCUS in Indonesia
supported by commercial ● Active promotion in Indonesia and
internationally using Vallourec sales network
activity… ● Focus on premium products and services to
serve all sectors (O&G, Geothermal and Carbon
Capture and Storage)
resulting in strong sales ●
●
Total of 77kT of OCTG produced
Increase of revenues at 254 MUSD (+21.7% YoY)
results in 2024.
Page 8
Safety: Implementation of
New Group Standard
Note:
● Achieved 249 days (1,4
million manhours) without
LTI (Lost Time Injury)
● 191 near misses reported
● 4,36% risk reduction –
better than target (-0,65%)
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Quality:
Stabilize Internal Process
82%
79%
70%
75% API Transition
64%
API 5CT 11th Edition: 100%,
effective implementation
on 01 Jan 2025
API Q1 10th Edition: 100%,
effective implementation
2020 2021 2022 2023 2024 on 18 Sept 2024
Page 10
CAPITAL EXPENDITURE
(in MUSD)
MAIN 2025 CAPITAL
EXPENDITURES
● Purchased one new coupling
machine NLX6000 will be
installed in Q3
● Down payment to purchase 2
new threading machines in
2026
● Revamping tempering furnace
end of 2025
● Bundling station safety
improvement
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FY2024 Results Highlights
USD Mio FY2024 FY2023 YoY% Change 300
Revenue 253.9 208.7 21.7%
200
Gross Profit 62.7 42.8 46.5%
Gross Profit 24.7 20.5% 100
Margin
Net Profit 26.2 18.7 40.1%
Margin 0
Revenue Net Profit
FY2024 FY2023
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Key Results
1. No Bank Borrowings
USD Mio FY2024 FY2023
2. Increasing Net Asset
Net Asset Value 128.9 102.4
Value (before dividends)
Operating 23.2 0.3
Cashflow
3. Positive Operating
Cashflow
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Dividends
● PT Citra Tubindo Tbk (CTBN) will declare almost all of its
FY2024 profits as dividends. This amount to IDR 530 per
share. This is to reward shareholders who has been
supportive of the Company all these years.
● Based on the 800,371,500 shares issued, the total amount
to be paid for dividends is IDR 4.2 trillion or USD26 million
equivalent.
● This is a 100% payout ratio.
Page 14
2025 BUSINESS OUTLOOK
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2025 Business Trend & Outlook
An uncertain global and local business environment…
● Unbalanced offer versus demand on the O&G market following Trump’s election and the
increase of OPEC’s production
● Local content regulation in Indonesia under review to gain competitiveness
● Increased pressure from new local manufacturers
… however, stable outlook in 2025
● Strong backlog end of December 24 giving high visibility towards Q1-Q3 2025
● SKK Migas’ commitment to reach their drilling and production targets
● Several long-term agreements (Pertamina affiliates) to be tendered in Indonesia
● Stable demand from the international market
Page 16
BOARD OF COMMISSIONERS & BOARD OF DIRECTORS
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Board of Commissioners &
Board of Directors
Jerome Favre Mathieu Florent Jacques Barreau Sudjono Suhardjo
Commissioner President Commissioner Independent Commissioner
Saiful Mizra bin Kassim Xavier Bertin Susi Yulianti
Director President Director Director
Page 18
QUESTIONS & ANSWERS
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THANK YOU!
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Nippon Steel Public Investments Ltd
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PT Sarana Citranusa
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PT Citra Pembina NS Connection Pte.
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PT Citramadya Cargindo
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Bank Borrowings USD Mio
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