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www.tbpnickel.com
PUBLIC EXPOSE
PT TRIMEGAH BANGUN PERSADA TBK
18 June 2025
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01 Project
Updates 04
TABLE OF
02 Business
08
CONTENT
Highlights
03 ESG &
Sustainability 11
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DIREKSI
ROY ARMAN SUPARSIN DARMO LIM SIAN CHOO TONNY H. GULTOM YOUNSEL EVAND
ARFANDY LIWAN ROOS
President Director Finance Director Director of Sustainability Director of HSE (Health, Director of Operations
Safety, and Environment)
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1.PROJECT UPDATES
The Company is actively progressing with its ongoing
projects, demonstrating its commitment to
expanding its operations and enhancing production
capacity. The Company continues to develop its
nickel processing facilities and mining IUP, ensuring
efficient and sustainable operations.
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1st Line: Full capacity on end of Jan 25.
2nd Line: Full capacity on end of Jan
25.
3rd Line: Full capacity on end of
Feb25.
4th Line: Full capacity on end of
RKEF (KPS) – CONSTRUCTION Mar25.
PROGRESS Phase 1
KPS is the 3rd RKEF project under Harita Nickel, consisting • Start production : 1Q25.
of 12 production lines with a total capacity of 185,000 tons
of contained nickel in FeNi per year. This project enhances
• Production lines : 4.
nickel production efficiency and supports the growth of
the company.
• Capacity : 60,000 tons contained.
Ni/year of FeNi.
100%
Construction
progress. 5
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QUICKLIME PLANT
CIPTA KEMAKMURAN MITRA (CKM)
1:2 $70mn
1 ton of quicklime needs 2 Investment cost for
tons of limestone. CKM
2025 42%
Construction has started Construction
and It will commence at progress as of 1Q25
the end of 2025. 6
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MINING (GTS) –
PREPARATION PHASE
Exploration progress as of Mar 2025
Drilling points : 1,809 holes.
Total area : 438Ha.
Start production : 2H25.
Port construction
Ore will be transported using
Hauling road a tug and barge from GTS to
processing plants.
Distance : ±68 Km.
Drilling points
Mining pit
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2. BUSINESS HIGHLIGHTS
The Company has grown through strategic investments
in modern facilities and efficient production lines.
Financially, steady revenue growth, good profit
margins, and cost management have strengthened its
foundation. These achievements reflect our
commitment to excellence and competitiveness in the
nickel industry.
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SALES VOLUME - 1Q25
Mining sales volume (million wmt) HPAL sales volume (in metal ton) RKEF sales volume (in metal ton)
CAGR CAGR CAGR
23.75
45% 34% 71%
102,053
15.38 38,622
14.59
60,871
YoY YoY
14,778 93% 39%
9.08 YoY
7.77 52% 100,891
30,263
63,431
5.49
5.89 3.62 46,093 10,426
9.16 42,251 15,664
6.30 3.71
1.97 7,765 25,302
19,837
1.88 1.65 1.78 7,899
• Higher sales volume mining business in 1Q25 was due to capacity of ONC which commenced in April 2024. Additional to ONC, KPS the 3rd
RKEF smelter, commenced operation in January 2025.
• In HPAL sales volume, ONC (full capacity in August 2024) is the driver of growth in MHP sales YoY. Both sales HPL & ONC in 1Q25 reached
30,263 tons contained Ni, up 93% YoY. HPAL sales volumes in 1Q25 are combination of MHP and NiSo4. Sales of HPL is 14,082 tons contained
Ni and ONC is 16,181 tons contained Ni.
• Significant growth of RKEF sales volume is due to KPS - phase 1 (which reach full capacity in March 2025). Sales volume of KPS - phase 1 in
1Q25 reached11,793 tons contained Ni of FeNi. Overall sales volume of FeNi up 39% YoY.
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FINANCIAL HIGHLIGHTS
P&L - 1Q25
Revenue Gross profit and margin
CAGR (1) 55% 49% 35% 31% 27% 29%
35%
CAGR (1)
17%
• GPM is slightly higher, due 1,702 YoY(2)
to higher global nickel 1,564
26,965
YoY(2)
18% 543 533
30%
prices (SMM NPI 8% - 12%) 23,858
385
436 315 314
8,276 8,447
103
129
yoy (2%), then Gross Profit
575 643
7,128 4,514 4,675 2,101
6,034 1,618
8,229 9,568
is up by 30%,EBITDA is up (audited) (audited) (audited) (unaudited) (unaudited) (audited) (audited) (audited) (unaudited) (unaudited)
by 46%.
(audited) (audited)
EBITDA⁽³⁾ and margin Profit attributable to owners of the parent
• Profit Attributable to 60% 78% 41% 44%
company and margin
24% 49% 24% 24% 17% 23%
42% 35%
Owners of the Parent CAGR (1) CAGR (1)
Company growth driven 23% 34%
by higher volume in 705
403
mining business and 658 11,171
YoY(2)
46%
368 6,380 YoY(2)
65%
314 5,619
production capacity of 345
500 10,037
136
190
4,667
101
7,442 64
processing facilities (ONC 4,941 2,129
3,115 138
1,969 1,001
1,657
& KPS). (audited) (audited) (audited) (audited) (unaudited) (unaudited) (audited) (audited) (audited) (audited) (unaudited) (unaudited)
USD⁽⁴⁾ (in million) Notes: (1) CAGR is Compound Annual Growth Rate. (2) YoY represent growth percentage from year on year. (3) EBITDA is calculated using the
IDR (in billion) sum of our profit from operations, share in profit of associates, finance income and depreciation and amortization. (4) Assumed exchange rate
Margin of USD/IDR 14,312 for FY21, 14,876 for FY22, 15,255 for FY23, 15,847 for FY24, IDR 15,656 for 1Q24, and 16,352 for 1Q25 . 10
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3. ESG & SUSTAINABILITY
The Company recognizes the importance of protecting
the natural environment and supporting local
communities in order to build a sustainable future.
Environmental, Social, and Governance (ESG)
considerations are increasingly important to Investors,
Customers, and other Stakeholders, and represent a key
component of corporate responsibility.
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WATER MANAGEMENT
Sediment ponds Process water
52 sediment ponds with total area Reduce freshwater intake, sea
> 500 Olympic-sized swimming water is utilized especially in
pools are dedicated to sustainable refining and smelting process - for
water treatment and recycling. It Treatment systems and cooling purposes without mixing Water for local
real-time monitoring with process cycle.
also helps to handle peak rainfall community
volumes, effectively preventing
In 2023 independent assessor We continue to monitor the
overflow and turbidity in nearby
Reduced 980,555 (tCO2e) of GHG recorded no instances of water- kawasi springsAvoided
using lab
905 (tCO2e) of GHG
the ecosystem.
emissions related non-compliance across our testing and establishedemissions.
operation, so does the preliminary regulatory protocols.
internal assessments for 2024.
Water management procedures, along with other environmental and social procedures, are included in our third-party audit against the Initiative for
Responsible Mining Assurance (IRMA) standard. 12
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DECARBONIZATION AND SUSTAINABLE ENERGY
In 1Q25, our sustainable energy initiatives avoided or reduced 690.041 metric tons (CO2e). Whereas in 1Q24, avoided or reduced 402,805 metric
tons (CO2e) Installation continues on our 40MWp roof top solar panel which is inline with government regulation for net zero emission (NZE) in
2060. This initiatives also is part of our strategy to reduce coal consumption at our processing facilities’ CFPPs. below are the top 4 our
sustainability energy initiatives.
01 02 03 04
Producer/coal Waste heat Biodiesel (B35) Recycled cooking
gas utilization in recovery for implementation oil used as coal
RKEF HPAL plant replacement
Reduced 366,351 (tCO2e) of GHG Avoided 309,262 (tCO2e) of GHG Reduced 32,621 (tCO2e) of GHG Avoided 402 (tCO2e) of GHG
emissions. emissions. emissions. emissions.
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WATERSHED REHABILITATION
Location : Protections forest area Tigalalu island and Laluin island.
In the area of watershed Kayoa, watershed Laluin and
watershed Alepan. South Halmahera district, North
Maluku Province.
Planting period : March, 2020 - March 2021 (intensive planting method -
625 seeds/ha). Handover in 2025.
Type of plant : Nutmeg (Pala), Cloves (Cengkih), walnuts (Kenari), Kayoa
Cashew (Jambu Mete), Dukuh, Nyatoh, and Jambulang.
Total Area : Kayoa island and Laluin island, ±1,765Ha.
Total seeds : ±1,213,438 seeds.
Laluin
Nursery facility. Current condition. Expose and handover 14
of 1,654Ha DAS area.
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ADDITIONAL FACILITIES IN NEW
KAWASI VILLAGE
INTEGRATED WASTE MANAGEMENT NEW BUS SHELTER AREA COMMERCIAL AREA
SYSTEM
Construction progress : 100%. Cut & fill work : 42%. • 209 stores (100%) in Block C & D is finished.
Capacity : 10 Ton / day. Capacity : 20 bus with parking area for 400 • Industrial SMEs Center (block B), main road
Next process : Equipment installation. motorcycle infrastructure, and drainage infrastructure are
Area : 9,336m2 100% completed. Landscape Block C & D are
83.04% completed.
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COMMUNITY DEVELOPMENT &
EMPOWERMENT PROGRAM
729 14.8 65 29
Job creation. Highest transaction amount per Local suppliers. Farmers group & MSMe.
month (IDR Bn).
Around USD 880.000 / month
(USD rate 16,800).
254 471
Workers. Members.
Average Community Satisfaction Index/
Avg. Social Return on Investment (SROI) 2024.
Indeks Kepuasan Masyarakat (IKM) 2024.
Category
89 2.62
A
Very good.
Study by Indonesia Social Sustainability Forum (ISSF), 2025
Details on Harita Nickel’s 2024 Social Sustainability Annual
Report.
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COMMUNITY DEVELOPMENT &
EMPOWERMENT PROGRAM
Health service
Free health services ensure that everyone in the community
receives essential medical care. These services help
1,410 59 108 56 809 90 prevent diseases, reduce stunting, and promote overall
well-being, making healthcare accessible to all.
Total visitors of Free medical service Children being Stunting and Pack of supplementary Participant of
POLINDES (Public - number of vaccinate. wasting children food distributed to pregnancy class.
Health Facility). patients. being assisted. malnourished expecting
mother and children.
Education
Free education provides equal learning opportunities for everyone in the
community. It helps reduce poverty, empowers individuals, and builds a
724 68 9 46 brighter future for all.
Participant of Harita Students visit Assisted Schools. Teacher received
Mengajar. Taman Ceria. supporting
incentive.
Socio culture
Socio-cultural aspects shape the values,
traditions, and interactions within a
515 1,512 450 450 36 435 community. They influence how people live,
communicate, and work together, fostering
Social activities. People received Eid People received Participant in Families received a shared identity and social harmony.
Orphans received People participated
donation. food packages. in Tabligh Akbar. donations from Cakalele Art kerosene donation.
National OHS Month Performance.
Awareness.
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By attending the meeting where this presentation is made, or by reading the presentation materials, you are agreeing to maintain absolute confidentiality regarding the information disclosed in this document and to be bound by the following
limitations:
You must read the following before continuing. The following applies to the confidential information before this page, any oral presentation of such information and other materials distributed at, or in connection with, the following, and you (each
referred to hereafter as a “Recipient”) are therefore advised to read this carefully before reading, accessing or making any other use of these materials. In accessing these materials, each Recipient agrees to maintain strictest confidentiality regarding
such information disclosed and to be bound by the following terms and conditions. Any failure to comply with these terms and conditions may constitute a violation of applicable securities laws.
This following presentation has been prepared by PT Trimegah Bangun Persada Tbk (the “Company”) solely for selected recipients for information purposes. Information contained in this document is highly confidential and is being made available and
intended solely for the personal reference and information of a Recipient. Neither this document nor any part thereof may be retained by the Recipient nor may any portion thereof by shared, copied, reproduced or redistributed to any other person in
any manner.
The information contained in these materials has not been independently verified, approved or endorsed and is subject to material changes. The information and opinions in this document is subject to change without notice, its accuracy is not
guaranteed and it may not contain all material information concerning the Company. Neither the Company nor any of its affiliates (together with the Company, the “Group”), make any representation, express or implied, regarding, and assumes any
responsibility or liability whatsoever (in negligence or otherwise) for, the fairness, accuracy or completeness of, or any errors or omissions in, any information contained herein nor for any loss howsoever arising from any use of these materials.
Certain statements in these materials constitute “forward-looking statements” and information with respect to the future financial condition, results of operations and certain plans and objects of management of the Company and the Group. Forward-
looking statements may include words or phrases such as the Company or any of its business components, or its management “believes”, “expects”, “anticipates”, “intends”, “plans”, “foresees”, or other words or phrases of similar import. Similarly,
statements that describe the Company's objectives, plans or goals both for itself and for any of its business components also are forward- looking statements. Such forward- looking statements are made based on management’s current expectations
or beliefs as well as assumptions made by, and information currently available to, management. Neither the Company nor any of its advisers assumes any responsibility to update forward-looking statements or to adapt them to future events or
developments. These forward-looking statements speak only as at the date of this presentation and nothing contained in this presentation is or should be relied upon as a promise or representation as to the future. There is no obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements are based on the Company’s current views concerning future events, and necessarily involve and are subject
to risks, uncertainties and assumptions and other matters beyond the control of the Company. Actual future performance could differ materially from these forward-looking statements, and a Recipient should not place any undue reliance on these
forward-looking statements, which speak only as of the date of these materials. The information in these materials is provided as at the date of this document (unless stated otherwise) and is subject to change without notice. No representation is being
made that such forward-looking statements and information will actually be achieved. The Recipient should carefully consider such forward-looking statements and information (as well as the information in this presentation generally) and should not
place undue reliance on these forward-looking statements.
To the extent available, the industry, market and competitive position data contained in this presentation has come from official or third party sources. Third party industry publications, studies and surveys generally state that the data contained
therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company believes that each of these publications, studies and surveys has been prepared by a
reputable source, the Company has not independently verified the data contained therein. In addition, certain industry, market and competitive position data contained in this presentation come from the Company's own internal research and
estimates based on the knowledge and experience of the Company's management in the market in which the Group operates. While the Company believes that such research and estimates are reasonable and reliable, they, and their underlying
methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice. Accordingly, undue reliance should not be placed on any of the industry, market or competitive
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was obtained from various external data sources, and which have not been verified with independent sources) or otherwise made available or opinions or as to the reasonableness of any assumption contained herein. This information and materials
should not be regarded by Recipients as a substitute for the exercise of their own judgment. Recipients and other parties must exercise their own judgment and make their own investigations as to the suitability of any potential investment in the
Company.
It is not the intention to provide, and the Recipient may not rely on these materials as providing, a complete or comprehensive analysis of the financial or trading position or prospects of the Company and the Group. This presentation is a summary
only and does not purport to contain all of the information on the Company, particularly with respect to the risks and special considerations involved with an investment in the securities of the Company. The information contained in these materials
includes historical information about, and relevant to the assets of, the Company and the Group that should not be regarded as an indication of the future performance or results of such assets.
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THANK YOU Contact Us : +62 – 21 - 5722924 lukito.gozali@haritanickel.com | investor.relations@haritanickel.com Panin Bank Building, Jendral Sudirman Kav.1 | Jakarta 102720 – Indonesia www.tbpnickel.com
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H. GULTOM
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