20240827_ELSA_Laporan Informasi dan Fakta Material_31718832_lamp2.pdf

Narahubung:
Jayanty Oktavia Maulina (Anty)
Manager of Corporate Communications
Graha Elnusa 16th Floor, Jl. TB Simatupang Kav. 1B, Jakarta 12560
Tel: (021) 7883 0850 | Fax: (021) 7883 0907 | Mob: +62813 1787 1717
E-mail: jayanty.maulina@elnusa.co.id


Press Release
          PUBLIC EXPOSE SEMESTER I: Elnusa Optimistic to Exceed 2024
       Performance Target and Focus on Strengthening Upstream Business

Jakarta, 27 August 2024 – PT Elnusa Tbk (ELNUSA, IDX: ELSA) a subsidiary of PT Pertamina Hulu Energi (PHE) which is part
of the Pertamina Upstream Subholding, showed strong financial performance throughout the first semester of 2024. The
company recorded a net profit of IDR 443 billion until June 2024, approaching the realization of the 2023 net profit
achievement of IDR 503 billion. This achievement shows Elnusa's optimism to exceed the net profit achievement from the
previous year.

President Director of PT Elnusa Tbk, Bachtiar Soeria Atmadja, expressed his confidence that the company will continue to
achieve consistent and sustainable growth in the remainder of 2024. With achievements that are close to the annual target
in the first six months, Elnusa is in a strong position to improve its performance results.

As part of the company's main strategy this year, Elnusa is focused on strengthening its upstream business. Exploration and
production services, as well as operations and maintenance, are the main priorities in an effort to strengthen the company's
position in the energy industry. One significant step is the development of the 3D seismic business. Elnusa is optimistic that
the 3D seismic project, especially in strategic areas with large oil and gas reserves, will be the main driver of growth in the
second half of 2024.

In addition, Elnusa also continues to optimize the absorption of capital expenditure (capex) which until June 2024 reached
IDR 188 billion or around 36% of this year's capex target of IDR 526 billion. This investment is allocated to support various
strategic projects in three main business lines, including the procurement of important equipment in upstream services,
energy distribution, and logistics services.

In upstream services, capex is used to strengthen exploration and production capabilities by procuring equipment such as
HWU Drilling, Mobile Welltest, and Wireline Cable. In the energy distribution and logistics sector, capex is invested in the
procurement of fuel tanker vehicles and the development of a fuel terminal in Labuan Bajo. Elnusa also allocates capex for
various other important projects, such as Dredging Barge ETSA, HW-PUDC SCUPND, and Docking AWB ASLO, to ensure the
company's operations remain optimal.

Looking ahead to the second half of 2024, Elnusa plans to continue absorbing capex by focusing on strategic projects,
including the procurement of Workover Rigs, Downhole Equipment, and Cementing Units, as well as the development of
other supporting infrastructure. These steps will strengthen Elnusa's position in the growing energy industry and ensure
the company's sustainable growth.

Elnusa remains committed to providing innovative and integrated energy solutions, supporting the development of the
national energy industry, and providing significant added value for shareholders and all stakeholders.

About Elnusa (IDX: ELSA)
PT Elnusa Tbk (Elnusa) is a subsidiary of PT Pertamina Hulu Energi (PHE) which is part of the Pertamina Upstream Subholding, which operates in the field
of integrated energy services to provide total solutions. Elnusa has DNA of Resilience and innovation for more than 54 years in the energy industry, has
core competencies in upstream oil and gas services, energy distribution and logistics services and supporting services. The upstream oil and gas service line
includes Geoscience & Reservoir services (land, transition zone & marine and data processing), drilling & oil and gas field maintenance services (drilling &
workover), engineering, procurement, construction & operation maintenance (EPC-OM) services. The energy distribution and logistics service line includes
fuel transportation services, depot management and chemical sales. The supporting service line includes marine support services, fabrication, and data
management. Elnusa continues to be committed to implementing Corporate Governance in accordance with GCG and ESG principles to create a company
that is highly competitive, continues to grow and provides sustainable benefits for all stakeholders. Further information can be accessed at
www.elnusa.co.id