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20240805_ADMR_Laporan Informasi dan Fakta Material_31691485_lamp1.pdf

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PT ADARO MINERALS INDONESIA TBK (IDX: ADMR) 2Q24 ACTIVITIES
REPORT
HIGHLIGHTS
•     ADMR’s production volume in 1H24 reached 2.98 million tonnes (Mt), a 17% increase over
      1H23. Sales volume in 1H24 increased 43% to 2.59 Mt.
•     Overburden removal volume in 1H24 increased 37% to 10.36 million bank cubic meter
      (Mbcm), with a strip ratio of 3.48x compared to 2.97x in 1H23 due to the expansion of PT
      Maruwai Coal’s (MC) Lampunut mine and the restart of operation from PT Lahai Coal (LC).
•     Our ongoing investments in facilities and infrastructures to support higher volume continue to
      progress. We are in the final construction stage of the new employee camp project and the
      additional fuel tank project. We have also begun to apply chipseal in the first stage of our
      hauling road improvement project. These projects will support us in achieving our productivity
      goals and volume target.
•     Construction at PT Kalimantan Aluminium Industry (KAI) continued, with progress being made
      at the aluminum smelter area, the jetty area, as well as the permanent dormitory area.


OPERATIONAL PERFORMANCE
PT MARUWAI COAL (MC) AND PT LAHAI COAL (LC)
      •     Metallurgical coal production volume in 1H24 reached 2.98 Mt, a 17% increase over 1H23.
            Sales volume in 1H24 reached 2.59 Mt, 43% higher than in 1H23 as our Enviromet product
            continued to be well accepted by the market.
      •     Overburden removal volume in 1H24 reached 10.36 Mbcm, 37% higher y-o-y, leading to
            a strip ratio of 3.48x in 1H24, 17% higher than in 1H23.
                                                                            2Q24 vs.                 1H24 vs.
                           Units   2Q24     1Q24     2Q24 vs. 1Q24   2Q23              1H24    1H23
                                                                             2Q23                     1H23
Overburden Removal         Mbcm      5.02     5.34         -6%         4.25   18%      10.36    7.55     37%
    Maruwai                Mbcm      4.35     4.27         2%          4.25   2%        8.63    7.55     14%
    Lahai                  Mbcm      0.67     1.07         -38%         -     100%      1.74     -      100%
Production Volume           Mt       1.42     1.56         -9%         1.32    7%       2.98    2.54     17%
    Maruwai                 Mt       1.33     1.45         -8%         1.32   1%        2.78    2.54      9%
    Lahai                   Mt       0.09     0.11         -22%         -     100%      0.20     -      100%
Sales Volume                Mt       1.54     1.05         47%         0.97   59%       2.59    1.82     43%
    Maruwai                 Mt       1.46     0.96         52%         0.97   51%       2.42    1.82     33%
    Lahai                   Mt       0.08     0.09         -13%         -     100%      0.17     -      100%

      •     Our sales volume to the domestic market increased on the back of solid demand from
            domestic coke plants. Indonesia accounted for the largest portion of our sales at 37% in
            1H24. Japan, accounted for 29% of sales in 1H24, was our largest export destination in
            the period. The chart below shows our sales destination in 1H24.




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          India                               Malaysia
           5%                                   3%



                  China
                  11%
                                         Indonesia
                                            37%

            South
            Korea
             15%




                           Japan
                            29%




   •   Our coal infrastructure projects to support higher volume are making good progress. We
       have several facilities and infrastructure projects ongoing from the pit to the hauling road,
       and to the port. The first stage of hauling road upgrade spans 39 km, and in 1H24 we have
       begun to apply chipseal in some parts of the hauling road. We have also made good
       progress with our second barge loading conveyor, which will have a loading rate of 3,000
       tph and will increase our barge loading capacity.
   •   We are in the final phase of our first additional fuel storage tank project in Tuhup and
       Lampunut which will have a capacity of 4x2,500 KL and 2x1,500 KL, respectively. Our
       new 400-bed employee camp in Tuhup is also in its final construction phase. We are
       committed to completing all these projects on schedule to support our productivity and
       volume target.


PT KALIMANTAN ALUMINIUM INDUSTRY (KAI)

As part of our commitment to support the green economy and pursue sustainable growth, through
KAI, we are advancing our downstream minerals processing activities. In 1H24, KAI focused on
completing soil improvement, piling, and foundation works in the aluminum smelter area. In the
jetty area, KAI focused on piling completion, dredging work, and the upper structure for berthing
facilities. Additionally, KAI is also making progress on the foundation and structure works of the
permanent dormitory.

HEALTH, SAFETY, AND ENVIRONMENT (HSE)
In 1H24, MC recorded two lost time injuries (LTIs), and LC experienced one fatal incident. We
deeply regret these incidents and have thoroughly investigated them. We will continue to review
and update our safety protocols to prevent such incidents in the future. The lost time injury

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frequency rate and severity rate for 1H24 were 0.37 and 750.42, respectively, with a total of
8,107,411 man-hours worked at both MC and LC. In addition, KAI recorded one LTI, leading to
LTIFR of 0.08 and SR of 1.51, with a total of 11,932,427 man-hours worked.
To mitigate further risk and enhance the safety culture among our employees and contractors, we
continue to strengthen our safety performance through the implementation of the Adaro Group’s
Adaro Zero Accident Mindset (AZAM). Our health and safety programs focus on implementing
the HSE’S Minimum Requirements, which include compliance with regulations and standards.
Additionally, we implement controls to ensure safety measures for high-risk activities during the
construction phase.


CORPORATE EVENTS AND AWARDS
   •   On 25 April 2024, PT Adaro Minerals Indonesia Tbk was presented with the Gold award
       for the Best Community Program at the 16th Annual Global CSR & ESG Summit and
       Awards 2024 event, held by the Pinnacle Group International. The award was delivered
       by Co-Founder of the ESG Innovation Hub, Matthias Gelber, to the Company’s Head of
       External Relations Division in Hanoi, Vietnam.




   •   PT Adaro Minerals Indonesia Tbk held its Annual General Meeting of Shareholders
       (AGMS) in Jakarta on Tuesday, 14 May 2024. The resolutions on the AGMS agendas are
       as follow: 1) Approval for the Company’s annual report and the ratification of the
       Company’s consolidated financial statements for the fiscal year of 2023, 2) Appropriation
       of the Company’s net income for the fiscal year of 2023, 3) Appointment of the public
       accounting firm to audit the Company’s consolidated financial statements for the fiscal
       year of 2024, 4) Determination of the honorarium or salary and benefits for the members
       of the Company’s Board of Commissioners and Board of Directors for the fiscal year of

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         2024, 5) Report of the realization of the use of proceeds from the Company’s initial public
         offering, and 6) Changes to the composition of the Company’s Board of Commissioners.

                                                            ###
These materials have been prepared by PT Adaro Minerals Indonesia Tbk (the “Company”) and have not been
independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed
on the accuracy, fairness or completeness of the information presented or contained in these materials. The Company
or any of its affiliates, advisers or representatives accepts no liability whatsoever for any loss howsoever arising from
any information presented or contained in these materials. The information presented or contained in these materials
is subject to change without notice and its accuracy is not guaranteed.
These materials contain statements that constitute forward-looking statements. These statements include descriptions
regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results
of operations and financial condition of the Company. These statements can be recognized by the use of words such
as “expects,” “plan,” “will,” “estimates,” “projects,” “intends,” or words of similar meaning. Such forward-looking
statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ
from those in the forward-looking statements as a result of various factors and assumptions. The Company has no
obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances.
These materials are for information purposes only and do not constitute or form part of an offer, solicitation or invitation
of any offer to buy or subscribe for any securities of the Company, in any jurisdiction, nor should it or any part of it form
the basis of, or be relied upon in any connection with, any contract, commitment or investment decision whatsoever.
Any decision to purchase or subscribe for any securities of the Company should be made after seeking appropriate
professional advice.



For further information please contact:

Investors

Danuta Komar | Danuta.Komar@adaro.com

Media

Febriati Nadira | Febriati.Nadira@adaro.com




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linked org ADARO MINERALS INDONESIA TBK p.1 ×11
unresolved org PT Maruwai Coal’s p.1
unresolved org PT Lahai Coal p.1 ×2
unresolved org PT MARUWAI COAL p.1

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