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20241205_BUMI_Laporan Informasi dan Fakta Material_31805526_lamp1.pdf
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Bakrie Tower,12th floor
Komplek Rasuna Epicentrum
Jl. H.R. Rasuna Said
Jakarta, INDONESIA 12940
Website: www.bumiresources.com
Company Information
BUMI ANNOUNCES AUDITED YTD SEPTEMBER 2024 RESULTS
ALL ROUND CHALLENGES LEADS TO 13% & 10% DROP IN COAL PRICE & REVENUE
RESPECTIVELY, HOWEVER:
TOTAL INCOME 35% HIGHER AT $199.4 MILLION
NET ATTRIBUTABLE INCOME UP 111% TO $123 MILLION YOY
DIRECT COSTS REDUCED BY 11% DUE 14% DROP IN STRIP RATIO YOY
FY 24 VOLUME GUIDANCE 76MT - 78MT
ANNUAL PUBLIC EXPOSE ON 11 DEC 24
Jakarta, 4 December 2024
PT Bumi Resources Tbk. (“BUMI” or “The Company”) confirms that it has published its audited YTD Sep 24
Financials on 2 Dec 24 - these are posted on IDX and our web site.
PSAK 111 does not permit us to consolidate KPC (which is equity accounted), hence we are presenting both the
PSAK 111 and consolidated figures for comparison and benefit for investors. Please refer to the summarized
release below and the appendices.
The detailed audited financials with comprehensive notes are publicly available and already available on IDX and
BUMI websites.
Attached for your information are:
a) The Audited Income Statement for YTD Sep 24 PSAK 111 compliant (excludes KPC which is equity
accounted) (Appendix 1).
b) The Consolidated Income Statement YTD Sep 24, (including KPC) is also given below for benefit of
investors and compared with YTD Sep 23 (Appendix 2).
c) Operating Metrics of BUMI on full basis are presented quarterwise and YTD Sep 24 compared with YTD 23
(Appendix 3).
Comments on PSAK111 Performance 9M-2024 vs 9M-2023
Gross Revenue US$926.9 million vs US$1,174.7 million or a decrease by 21%
Cost of Revenue US$833.3 million vs US$1,095.8 million or a decrease by 24%
Gross Margin US$93.6 million vs US$78.9 million, an increase by 19%
Operating Expenses US$68.2 million vs US$62.0 million or an increase by 10%
Operating Income US$25.4 million vs US$16.9 million, an increase by 50%
Operating Margin 2.7% vs 1.4%
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Income before Tax US$88.2 million vs US$77.3 million
an increase by US$10.9 million or up 14%
Profit For the Period US$136.4 million vs US$68.5 million
- Net an increase by US$67.9 million or up 99%
Profit for the Period US$122.9 million vs US$58.3 million
Attributable to Owners of an increase by USD 64.6 million or up 111%
The Parent Company
Comments on Consolidated Performance 9M-2024 vs 9M-2023
Revenue USD 4,298.4 million vs USD 4,761.3 million or decreased by 10%
Cost of Revenue USD 3,866.9 million vs USD 4,322.5 million or decreased by 11%
Gross Profit USD 431.5 million vs USD 438.8 million or decreased by 2%
Operating Expenses USD 180.2 million vs USD 173.1 million or increased by 4%
Operating Income USD 251.3 million vs USD 265.7 million or decreased by 5%
Operating Margin (% to revenue) 5.8% vs 5.6%
decreased by 9% to USD 204.9 million compared with USD 225.6 million, a
Increased by 35% to USD 199.4 million from USD 147.4 million, a positive swing
Income (Loss) For The Period
of USD 52.0 million
Net Income (Loss) Attributable to increased by 111% to USD 122.9 million compared with USD 58.3 million, a
TAKEAWAYS FROM YTD SEP 24 FINANCIALS AND OPERATIONS
The geopolitical and economic factors have severely affected global markets and the sector.
Despite these challenges which led to coal prices dropping by 13% leading to a 10% revenue drop YTD Sep 24
YOY, however, there were some offsets we prioritized such as:
Direct Costs (COGS) reduced by 11%
Strip Ratio dropped by 14% leading to 12% lower overburden removed (500.9 bcm YTD Sep 24 vs 571.2
bcm YTD Sep 23), leading to a 2% & 3% increase in production and sales YTD Sep 24 YoY respectively.
Total Income increased 35% to $ $199.4 million ( vs $ 147.4 million YTD Sep 23).
Net Attributable Income more than doubled by 111% to $122.9 million (vs $ 58 million in YTD Sep 23).
CURRENT FY 24 VIEW
Our current view is a Volume of 76MT -78MT of production and sales in FY 24 due to heavy rains in South
Kalimantan, market factors, and Arutmin subdued production.
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EXCELLENCE IN ESG
ESG report YTD Sep 24 as an Appendix 4.
List of the awards this year to Bumi & KPC/Arutmin as follows:
1. Indonesia CSR Award (ICA) and Indonesia Sustainable Development Award (ISDA) 2024. KPC earns 12
awards and Arutmin 3 awards.
2. Tamasya Award 2024 for Arutmin from ESDM.
3. Investortrust ESG Awards 2024 for BUMI.
4. The 15th IICD Corporate Governance Conference and Awards 2024 for BUMI.
5. Prasetya Ahimsa Awards for Arutmin from LHK.
6. Subroto Awards for Arutmin from ESDM.
7. Indonesia CSR Awards 2024 for BUMI.
8. GMP Awards 2024 from ESDM. Arutmin earns 16 awards, KPC earns 3 awards,
9. TOP GRC Awards 2024 for BUMI.
10. Green Economy Awards 2024 from Detik.com for BUMI, KPC & Arutmin.
11. Best Sustainability Report Awards for BUMI.
12. Best Corporate Transparency & Emission Reduction 2024 for BUMI & KPC.
13. TOP CSR Awards 2024 for BUMI & Arutmin.
14. Corporate Social Responsibility (CSR) and Sustainable Village Development (GDP) 2024 for KPC &
Arutmin.
15. Corporate Taxpayer with Largest Contribution to the Exchequer 2023 from the Regional Office of
Directorate General of Taxes of Special Jakarta (“Kanwil DJP”) for BUMI.
Annual Public Expose 2024
This virtual hybrid event is planned for 11 December 2024 and regulators informed.
The presentation will be posted on 6 Dec as per regulatory deadline.
We would be privileged if you could join but wish to advise pre-register for the event. We will shortly advise
the link and joining details.
For further information, please contact:
Dileep Srivastava
Director & Corporate Secretary
PT Bumi Resources Tbk.
Tel (62-21) 5794 2080
Fax (62-21) 5794 2070
email dileep@bumiresources.com
www.bumiresources.com
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Appendix - 1
PSAK111 Income Statement 9M-2024 vs 9M-2023
30 Sept/Sept 30, 2024 30 Sept/Sept 30, 2023
Setelah PSAK111 Setelah PSAK111
After PSAK111 After PSAK111
PENDAPATAN 926,881,924 1,174,724,674 REVENUES
BEBAN POKOK PENDAPATAN (833,276,545) (1,095,797,903) COST OF REVENUES
LABA BRUTO 93,605,379 78,926,771 GROSS PROFIT
BEBAN USAHA (68,181,317) (62,004,438) OPERATING EXPENSES
LABA USAHA 25,424,062 16,922,333 OPERATING INCOME
(BEBAN) PENDAPATAN LAIN-LAIN - NETO 62,802,983 60,405,867 OTHER (EXPENSE) INCOME - NET
LABA SEBELUM BEBAN INCOME BEFORE INCOME
PAJAK PENGHASILAN 88,227,045 77,328,200 TAX EXPENSE
BEBAN PAJAK PENGHASILAN 49,402,068 (6,717,300) INCOME TAX EXPENSE
LABA NETO SETELAH PAJAK 137,629,113 70,610,900 NET INCOME AFTER TAX
BAGI HASIL (1,214,320) (2,146,209) PROFIT SHARING
LABA PERIODE BERJALAN - NETO 136,414,793 68,464,691 PROFIT FOR THE PERIOD - NET
Laba Periode Berjalan Yang Dapat Profit for the Period
Diatribusikan Kepada: Attributable To:
Pemilik Entitas Induk 122,865,616 58,264,457 Owners of the Parent Company
Kepentingan Non-Pengendali 13,549,177 10,200,234 Non-Controlling Interests
136,414,793 68,464,691
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Appendix - 2
Consolidated Income Statement 9M-2024 vs 9M-2023 – Including KPC & Arutmin
30 September / 30 September /
September 30, 2024 September 30, 2023
Metode Konsolidasi/ Metode Konsolidasi/
Consolidation Method Consolidation Method
PENDAPATAN 4,298,441,609 4,761,287,918 REVENUES
BEBAN POKOK PENDAPATAN (3,866,933,588) (4,322,500,029) COST OF REVENUES
LABA BRUTO 431,508,021 438,787,889 GROSS PROFIT
BEBAN USAHA (180,228,147) (173,081,085) OPERATING EXPENSES
LABA USAHA 251,279,874 265,706,804 OPERATING INCOME
(BEBAN) PENDAPATAN LAIN-LAIN - NETO (46,342,789) (40,108,310) OTHER (EXPENSE) INCOME - NET
LABA SEBELUM BEBAN INCOME BEFORE INCOME
PAJAK PENGHASILAN 204,937,085 225,598,494 TAX EXPENSE
BEBAN PAJAK PENGHASILAN 9,629,714 (58,402,320) INCOME TAX EXPENSE
LABA NETO SETELAH PAJAK 214,566,799 167,196,174 NET INCOME AFTER TAX
BAGI HASIL (15,175,383) (19,754,835) PROFIT SHARING
LABA NETO 199,391,416 147,441,339 NET INCOME
Total Laba Tahun Berjalan Yang Dapat Total Net Income For The Year
Diatribusikan Kepada: Attributable To:
Pemilik Entitas Induk 122,865,616 58,264,457 Owners of the Parent Company
Kepentingan Non-Pengendali 76,525,800 89,176,882 Non-Controlling Interests
199,391,416 147,441,339
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Appendix - 3
Operational Summary (ON FULL BASIS) - 9M-2024 vs 9M-2023
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ESG Data – September 2024
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