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PUBLIC EXPOSE
PT Elnusa Tbk (IDX:ELSA)
27th August 2024
VISI ELNUSA
PERUSAHAAN JASA ENERGI TERKEMUKA
YANG MEMBERIKAN SOLUSI TOTAL
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OUTLINE Company Profile 1H24 Performance Company Strategy & Outlook
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COMPANY PROFILE
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Shareholding Structure
99,99%
Public 48,90% 51,10%
Upstream EPC & OM
Services Services
Integrated Upstream Oil & Gas Energy Distribution & Logistic Oil & Gas Support Services
Services Services • PT Elnusa Trans Samudera
• PT Elnusa Oilfield Services • PT Elnusa Petrofin • PT Elnusa Fabrikasi Konstruksi
• PT Elnusa Geosains Indonesia • PT Sigma Cipta Utama
• PT Patra Nusa Data
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Elnusa in Subholding Upstream Pertamina
PT Pertamina
(Persero)
Upstream Refining &
Commercial & Power & NRE Integrated Marine AP Service &
Petrochemical Gas Subholding
Subholding Trading Subholding Subholding Logistic Subholding Portfolio
Subholding
Pembagian Regional Subholding Upstream
Regional 1
Regional 2
Regional 3
Regional 4
Regional 5
PDSI
ELNUSA
BADAK NGL
*) AP Services: 1. PDSI 2. ELNUSA
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1H24 Performance
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Operational Performance
Seismic (vol) DWO (well) WLI (projects) EPC-OM (projects)
Upstream 2D : 198 km 5 DRS 37 WLS 3 EPC
Services 3D : 1.971 kmsq 54 HWS 18 PPS 19 OM
11 H2S 13 WTS 1 ENG
Transportation Depo BBM, RBB Depo LPG SPBE BBMI Chemical
(million KL) (million KL) (million ton) (thousand KL) (thousand drums)
Dist & Log
Services 10,47 0,92 1,28 54 99
Glosary
- DRS : Drilling Rig Services - WLS : Wireline Services - EPC : Engineering, Procurement & Construction
- HWS : Hydraulic Workover Services - PPS : Pressure & Pumping Services - OM : Operation Maintenance
- H2S : H2S Services - WTS : Welltesting Services - ENG : Engineering
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Financial Performance
Income Statement (IDR Bn) Revenue Contribution
+8%
▪ Upstream segment grew
13% 9%
aggressively, bringing the
Revenue 5,861 6,317 32%
composition of the 41%
upstream and downstream Jun-23 Jun-24
segments back into 50%
+15% balance. 55%
EBITDA 668 769 ▪ Revenue growth in the
Upstream Dist & Log Support
Upstream segment was
EBITDA driven by GRS/Seismic
Margin
11,4% 12,2%
performance, as well as
+77% growth in DWO & WLI. 17%
Pertamina Group
Net Profit 443 ▪ Profitability margin Third Party
250 Jun-24
improved further from last
Jun-23 Jun-24
year in line with improved
NPM 4,3% 7,0% performance. 83%
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Financial Performance by Segmen
Upstream (IDR Bn) Dist & Log (IDR Bn) Support (IDR Bn) Consolidation (IDR Bn)
+37% -2% -17%
Revenue 2,613 3,369 3,306 829 692
Rp6.317
1,902
+48% +15% -36%
304 343 394 111
Rp769
EBITDA 205 71
+337% +27% -50%
Rp443
Net Profit 232 147 186 50
53 25
Jun-23 Jun-24 Jun-23 Jun-24 Jun-23 Jun-24
NPM 2,8% 8,9% 4,4% 5,6% 6,1% 3,6% 7,0%
*) Revenue, EBITDA, Net Profit by Segmen before elimination
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Financial Performance
Balance Sheet (IDR Bn)
+13% +14% +11%
Asset 9,286 10.504 Liabilities 5,108 5,847 Equity 4,178 4,658
Jun-23 Jun-24 Jun-23 Jun-24 Jun-23 Jun-24
Cash Flow
▪ Increase in assets, liabilities and
+139% +36% equity in line with improved
operational performance
▪ The increase in cash came from
793 Ending 2,380
Cash from 1,756 improved operating performance and
332 Cash
Operation the return of Bank Mega deposits.
Jun-23 Jun-24 Jun-23 Jun-24
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Capex Realization Capex Plan 2H24
IDR Bn Upstream Services
• Workover Rigs, Downhole Equipment (CO-Log), Cementing,
+19% Unit CTU, Lab Cementing, U-Sit & E-Cutter
Energy Distribution & Logistic Services
483 526 36%
394 • Fuel Tank Vehicles & TLPG Kolaka
339
188 Support Services
• General Warehouse SCU
2021 2022 2023 2024 Target Jun-24
Upstream Services
• Geophone & Promax GRS, HWU Drilling OFS, Mobile Welltest &
Wireline Cable
Energy Distribution & Logistic Services
• Fuel Tank Vehicles & Fuel Terminal Labuan Bajo
Support Services
• Dredging Barge ETSA, HW-PUDC SCUPND & Docking AWB ASLO
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Company Strategy & Outlook
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Company Strategy
Resilience for Growth
Enhance People Development For
Long Term Advantages
People
Process Optimization To
Corporate Increase Competitiveness
Direction TARGET Process
2024 Busdev Encourage Business
Development For More
Finance Aggressive Growth
Increased Profitability And
Financial Stability
Strengthen the Core Grow in Adjacent to the Core
➢ Exploration Seismic ➢ Development in LNG Transportation & Regasification Business
Portfolio ➢ Strengthen Operation Excellence (Capability &
Partnership)
➢ Partnership in EV Ecosystem Business
Strategy ➢ Optimization Asset Productivity
➢ Increasing SCM efficiency and capabilities
➢ Penetration to SHU Group & others
➢ Synergy within Pertamina Group
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Target Project 2H24
Seismic DWO WLI EPC-OM
(volume) (well) (projects) (projects)
Upstream
2D : 193 km 3 DRS 37 WLS 3 EPC
Services 3D : 532 kmsq 94 HWS 18 PPS 19 OM
16 H2S 13 WTS 1 ENG
Transportation Depo Depo RBB BBMI Chemical
(million KL) (million KL) (million KL) (thousand KL) (thousand drums)
Dist & Log
Services 11,2 2,28 5,1 92 183
Glosary
- DRS : Drilling Rig Services - WLS : Wireline Services - EPC : Engineering, Procurement & Construction
- HWS : Hydraulic Workover Services - PPS : Pressure & Pumping Services - OM : Operation Maintenance
- H2S : H2S Services - WTS : Welltesting Services - ENG : Engineering
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Sales & Marketing Performance
Contract Drainage 2024, as of 1H24 Contract Contribution
(IDR Bn)
11.562
1,478 13%
9.567
Support 1,138
6,059 52% Jun-24
Dist&Log 5,544 35%
4,025
Upstream 2,885
Upstream Dis & Log Support
Jun-23 Jun-24
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Names mentioned 11 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Elnusa Trans Samudera
p.4
unresolved
org
PT Elnusa Oilfield Services
p.4
unresolved
org
PT Elnusa Petrofin
p.4
unresolved
org
PT Elnusa Geosains Indonesia
p.4
unresolved
org
PT Sigma Cipta Utama
p.4
unresolved
org
PT Patra Nusa Data
p.4
unresolved
org
Capability & Partners
p.13
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