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Page 1
ANNUAL PUBLIC EXPOSE
PT GOLDEN ENERGY MINES TBK
March 3rd, 2025
Page 2
Table of Contents
1 Company Overview Page 3
2 Operational Page 6
3 Marketing Page 9
4 Capital Expenditure Page 15
5 Financial Highlights Page 17
6 Dividend Page 20
7 Awards on GCG & ESG Page 22
Page 26
Page X
Page 3
Company Overview
Page 4
Introduction to GEMS
▪ PT Golden Energy Mines Tbk (“GEMS” or the “Company”) is principally engaged in the coal mining and
coal trading.
▪ Has a total concession area of 66,204 Ha in Jambi (through KIM Block), South Sumatra (through
BSL and EMS Group), West Sumatera (through EMS Group), South Kalimantan (through BIB), and
Central Kalimantan (through TKS) with 0.90 billion tonnes of coal.
▪ GEMS was listed on the Indonesia Stock Exchange in 2011. According to the Shareholder Register of
the Company as of December 31st, 2024, the following are the shareholders of the Company: PT Dian
Swastatika Sentosa Tbk (“DSS”) 51%, PT Radhika Jananta Raya (“RJR”), Golden Energy and
Resources Pte. Ltd. (“GEAR”) 6.99%, PT Sinar Mas Cakrawala (“SMC”) 1.62%, and Public 10.39%.
▪ As of December 31st, 2024, the Company’s capitalization value was Rp 62,500,000,625,000.-
(Rp 10,625.- per shares).
Shareholder Structure of the Company as of December 31st, 2024:
SMC GEAR DSS RJR Public
1.62% 6.99% 51% 30% 10.39%
PT Golden Energy Mines Tbk
4
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Introduction to GEMS
The following are the Company's subsidiaries that have coal mining concession
areas which have been production as of February 2025:
KIM
BLOK
BLOK
EMS BSL BIB TKS
TKS
5
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Operational
Page 7
Track Record of Operational
Excellence
(in mmt) GEMS's Production Volume (in mmt)
55,0 50,7 53,0
10% 50,7
50,0 2020 - 2024 CAGR : 11% 46,1 51,0
45,0
38,4 49,0
40,0
33,5 47,0 46,1
35,0
29,1 45,0
30,0
25,0 43,0
20,0 41,0
15,0
39,0
10,0
5,0 37,0
0,0 35,0
2020 2021 2022 2023 2024 FY 2023 FY 2024
Strategically located near main customers or end users in Asia.
Product is more affordable than Australian coal, which is impacted by a higher price premium and
freight costs.
Highly cost-effective and efficient logistics supply chain.
7
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Volume
FY 2024
Overburden removal Coal getting
Stripping Ratio
(m bcm) (mmt)
265.2 50.7 5.23
Overburden removal (m bcm) Coal getting (mmt)
300,0 55,0 50.7
275.8 10%
265.2 50,0 46.1
250,0 -4% 45,0
40,0
200,0
35,0
30,0
150,0
25,0
20,0
100,0
15,0
50,0 10,0
5,0
- -
FY 2023 FY 2024 FY 2023 FY 2024 8
Page 9
Marketing
Page 10
Sales Performance (mmt)
55,0 51,9
2020 - 2024 CAGR : 11%
50,0 46,9
45,0
38,9
40,0
34,0
35,0
29,5
30,0
25,0
20,0
15,0
10,0
5,0
-
2020 2021 2022 2023 2024
54,0
11% 51,9
52,0
50,0
48,0 46,9
46,0
44,0
42,0
40,0
38,0
36,0
34,0
32,0
FY 2023 FY 2024
10
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Price (usd/ton)
NEWC
160,00 142,56 147,02 145,58
139,94 141,15
134,11 135,56
140,00 127,18 129,67 130,30 127,33
121,49
120,00
100,00
80,00
60,00
40,00
20,00
-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
ICI4
80,00
70,00
57,54 56,95 57,20 55,93
60,00 54,51 54,43 52,72 52,24 52,24
51,18 51,13 50,94
50,00
40,00
30,00
20,00
10,00
-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 11
Dec
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Market mix
FY 2023 FY 2024
67%
63%
37%
33%
Domestic Export Domestic Export
12
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Country mix
FY 2023 FY 2024
Others *Others
8% 7%
India
11%
India Indonesia
18% 33% Indonesia
37%
China
45%
China
41%
Indonesia
Indonesia
13
* Others represents Malaysia, Thailand, Taiwan, Philippines, Vietnam, Korea, Cambodia, Hongkong, and Bangladesh.
Page 14
Domestic Sales (mmt)
20,0
19,5
19,1
19,0
18,5
18,0
17,5
17,0
16,5
16,0
15,6
15,5
15,0
14,5
14,0
13,5
13,0
12,5
12,0
FY 2023 FY 2024
Domestic: cement factory, paper factory, smelter and PLN. 14
Page 15
Capex
Page 16
Capex Spending Trend ($ mn)
40,0
35,9
35,0
30,0
25,0
20,0 18,6
15,0
10,0
5,0
0,0
FY 2023 FY 2024 16
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Financial Highlights
Page 18
Financial Highlights
m usd FY 2023 FY 2024
Revenue 2,902 2,706
Gross Profit 1,146 1,105
PBT 683 636
PAT 529 483
18
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Financial Ratio
FY 2023 FY 2024
Return on Asset Ratio (%) 40.30% 38.98%
Return on Equity Ratio (%) 79.74% 73.08%
Net Income to Net Sales Ratio (%) 18.22% 17.86%
Current Ratio (X) 1.37 1.35
Liabilities to Equity Ratio (X) 0.98 0.87
Liabilities to Assets Ratio (X) 0.49 0.47
19
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Dividend
Page 21
Tren Dividend (m usd)
500,0
500,0
450,0
420,0
400,0 390,0 *
350,0 330,0
300,0
250,0
200,0
150,0 125,0
100,0
50,0
0,0
2020 2021 2022 2023 2024
*Refer to 1st , 2nd and 3rd Dividend Interim of the Company for the year 2024. 21
Page 22
Awards on GCG & ESG
Page 23
1. Indonesia Green Awards 2024
BIB has awarded National Environmental Award “Indonesia Green Awards 2024” with the title “The
Prominent” in the Fields of:
1. Organization of Corporate Social Responsibility;
2. Development of Nature Conservation Tourism;
3. Saving Natural Resources; and
4. Organization of Corporate Social Responsibility that is Very Structured and Brings a Broad
Story of Change from Various Approaches and Programs Carried Out.
Organized by The La Tofi School of CSR on January 17th, 2024. 23
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2. CSR Award and Sustainable Village Development Award,
Gold Category
BIB received the CSR Award and
Sustainable Village Development Award,
Gold Category, Through “Banyu Biru
Andaru: Utilization of Former Mining
Ponds as a Source of Clean Water for
the Community” Program
'This event was organized by the
Minister of Villages, Development of
Disadvantaged Regions, and
Transmigration of the Republic of
Indonesia on May 7th, 2024.
24
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3. CSR Award and Sustainable Village Development
Award, Gold Category
BIB received the CSR Award and
Sustainable Village Development Award,
Gold Category, Through “Community
Learning Center: Utilization of Ex-Mining
Land as a Community Learning Facility
in the Context of Integrated Farming
System” Program
This event was organized by the Minister
of Villages, Development of
Disadvantaged Regions, and
Transmigration of the Republic of
Indonesia on May 7th, 2024.
25
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4. CSR Award and Sustainable Village Development Award,
Gold Category
BIB received the CSR Award and
Sustainable Village Development
Award, Gold Category, Through
the Program “Integration of
Agriculture, Livestock, and
Fisheries Clusters as Support for
the National Food Security
Program in PT Borneo Indobara
Mining Circle”
This event was organized by the
Minister of Villages, Development
of Disadvantaged Regions, and
Transmigration of the Republic of
Indonesia on May 7th, 2024.
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5. CSR Award and Sustainable Village Development
Award, Gold Category
BIB received the CSR Award and
Sustainable Village Development
Award, Gold Category, Through
“MSME Center: A Container for
Downstreaming and Marketing of
Superior Village Products in Tanah
Bumbu Regency” Program.
This event was organized by the
Minister of Villages, Development
of Disadvantaged Regions, and
Transmigration of the Republic of
Indonesia on May 7th, 2024.
27
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6. CSR Award and Sustainable Village Development
Award, Silver Category
BIB received the CSR Award and
Sustainable Village Development
Award, Silver Category, Through
“Karin Feed Mill: Development of
Independent Poultry and Fish Feed
Factory Based on Local Resources”
Program
This event was organized by the
Minister of Villages, Development of
Disadvantaged Regions, and
Transmigration of the Republic of
Indonesia on May 7th, 2024.
28
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7. CSR Award and Sustainable Village Development
Award, Silver Category
BIB received the CSR Award and
Sustainable Village Development Award,
Silver Category, Through “Ziyad Apung
Ziyadatul Abrar Mosque: Icon of
Religious Tourism Leveraging Blessings
and Welfare” Program
This event was organized by the Minister
of Villages, Development of
Disadvantaged Regions, and
Transmigration of the Republic of
Indonesia on May 7th, 2024.
29
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8. CSR Award and Sustainable Village Development
Award, Silver Category
BIB received the CSR Award and
Sustainable Village Development Award,
Silver Category, Through the Program
“Forging Multi-Stakeholder Partnerships
in Realizing Sustainable Independent
Communities in PT Borneo Indobara
Mining Circle Area”
This event was organized by the Minister
of Villages, Development of
Disadvantaged Regions, and
Transmigration of the Republic of
Indonesia on May 7th, 2024.
30
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9. Top CSR Awards 2024 #Star5
BIB won the Top CSR Awards 2024
#Star5.
This event was organized by Top
Business on May 29th, 2024.
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10. Top CSR Awards 2024 As “Top Leader on CSR”
Mr. Bonifasius received the Top CSR
Awards 2024 as 'Top Leader on CSR.
This event was organized by Top
Business on May 29th, 2024.
32
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11. Sapphire Category in the Mineral & Coal Sector Prosper B
“Best Enterprise in Regulatory Compliance”
GEMS received the Sapphire Category
in the Mineral & Coal Sector Prosper
B “Best Enterprise in Regulatory
Compliance”
This event was organized by Hukum
Online on May 31st, 2024.
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12. Issuer Appreciation 52:
High Dividend, High Growth, and High Market Capitalization
GEMS received the Issuer Appreciation
52: High Dividend, High Growth, and High
Market Capitalization.
This event was organized by Tempo and
IDNFinancials 52 on July 26th, 2024.
34
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13. Indonesia’s Best Public Companies “Best Wealth Creator
2024 of the Large Market Capitalization Category”
GEMS received the Indonesia’s Best
Public Companies “Best Wealth Creator
2024 of the Large Market Capitalization
Category”.
This event was organized by SWA
Magazine and Stern Value Management
on September 24th, 2024.
35
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14. Good Mining Practice Award 2024
BIB received Good Mining Practice Awards 2024:
1. Aditama Award “Mineral and Coal Conservation Management”;
2. Main Award “Mineral and Coal Mining Standardization and Service Business Management”;
3. Aditama Award “Mineral and Coal Mining Technical Management”; and
4. Aditama Award “Mineral and Coal Mining Environmental Management”.
This event was organized by the Minister of Energy and Mineral Resources on September 25th,
2024.
36
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15. Sinar Mas Digital Day 2024
GEMS received awards at Sinar Mas Digital Day 2024:
1. The Innovation Champion Award 2024;
2. Young Digital Leader Award 2024; dan
3. The Distinguished Leader Award 2024.
This event was organized by Sinar Mas on September 28-29th, 2024.
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16. Subroto Award 2024 “Innovation in Engineering and
Mineral and Coal Environment”
BIB received the Subroto Award
2024 “Innovation in Engineering
and Mineral and Coal
Environment”
This event was organized by the
Minister of Energy and Mineral
Resources on October 10th, 2024.
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17. Subroto Award 2024 “Most Innovative Coal Community
Development and Empowerment (PPM)”
BIB received the Subroto Award 2024
“Most Innovative Coal Community
Development and Empowerment (PPM)”
This event was organized by the Minister
of Energy and Mineral Resources on
October 10th, 2024.
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18. Indonesia Sustainable Development Goals
Award 2024
KIM received Indonesia Sustainable Development Goals Award 2024::
1. Platinum Award - Integrated Agricultural Center Program;
2. Gold Award - Organic Waste Management; and
3. 2nd Place Individual Local Heroes - Moy Monang Singgih, Goat Farmer from
Talang Silungo Village, Tanjung Belit
This event was organized by the Corporate Forum for CSR Development (CFCD) on
November 14th, 2024.
40
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19. Platinum Ranks
GEMS received Platinum Ranks Awards
This event was organized by Asia
Sustainability Reporting Rating
st
(ASRRAT) on November 21 , 2024.
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20. Top 50 Big Capitalization Public Listed
Company
GEMS received an award as one of the Top 50
Big Capitalization Public Listed Companies at
the rank of 31-40. GEMS received this award for
11 consecutive period.
This event was organized by the Indonesian
Institute for Corporate Directorship on
November 25th, 2024.
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21. Top Digital Awards
GEMS received Top Digital Award 2024:
1. Top Digital Implementation 2024 (Stars 4); dan
2. Top Leader on Digital Implementation 2024: Mr. Bonifasius (President Director of
GEMS)
This event was organized by It Works Magazine on December 5th, 2024. 43
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22. Indonesia Best Digital Innovation Award 2024
GEMS received Indonesia Best Digital
Innovation Award 2024: Outstanding
Digital Innovation (Very Good)
This event was organized by SWA Media
on December 17th, 2024.
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Thank You
Names mentioned 13 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Indonesia Stock Exchange
p.4
unresolved
org
Minister of Villages
p.24 ×4
unresolved
org
PT Borneo Indobara Mining Circle
p.26
unresolved
org
PT Borneo Indobara Mining Circle Area
p.30
unresolved
org
Minister of Energy and Mineral Resources
p.36 ×2
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