20240731_SUNI_Laporan Informasi dan Fakta Material_31689453_lamp1.pdf

tertinggi dan telah melampaui target tahunan tahun 2024. Dengan potensi captive
market Indonesia untuk produk seamless pipes/OCTG tubing dan keberhasilan
Perseroan memenangkan tender-tender yang signifikan memberikan peluang bagi
Perseroan untuk dapat meningkatkan kinerjanya dan menjamin keberlangsungan
usaha ke depannya.

“Saat ini Perseroan masih berfokus pada peningkatan kapasitas produksi in-house
dari entitas anak Perseroan, PT Rainbow Tubular Manufacture (RTM). Fasilitas plant
2 RTM ini ditargetkan untuk dapat beroperasi pada tahun 2025. Peningkatan
kapasitas produksi tersebut diharapkan dapat semakin meningkatkan kinerja
operasional dan keuangan Perseroan ke depan serta menjamin dan ketersediaan
OCTG tubing secara nasional”, kata Willy.

Pada kesempatan yang sama, Direktur Operasional SUNI, Bambang Prihandono
mengatakan bahwa pada semester ini Perseroan telah menyelesaikan pendirian
workshop untuk produk wellhead dan x’mas tree sebagai Langkah lanjutan
pembentukan joint venture bersama Jiangsu Jinshi Machinery Group (JMP), PT Petro
Sinergy Manufacturing (PSM). Saat ini, PSM tengah mengurus perijinan dan
sertifikasi yang diperlukan agar dapat segera beroperasi secara komersial. PSM akan
menjadi strategic asset kedua bagi Perseroan untuk menghasilkan wellhead dan x’mas
tree yang memenuhi TKDN dan berstandar internasional dengan harga yang
kompetitif. “Perseroan menargetkan PSM dapat beroperasi dan berkontribusi pada
kinerja SUNI pada kuartal ke-4 tahun ini”, tambah Bambang.

Direktur Keuangan PT Sunindo Pratama Tbk, Freddy Soejandy juga menambahkan
bahwa Perseroan akan merevisi beberapa target keuangan Perseroan karena
pencapaian yang sangat baik pada semester I 2024 ini, di mana pencapaian Perseroan
telah melampaui target laba bersih tahun ini. Selain itu, Perseroan juga
menganggarkan capital expenditure (capex) sebesar Rp327,4 miliar pada tahun ini
untuk melaksanakan rencana investasi di RTM dan PSM. “Diharapkan rencana capex
tersebut akan dapat direalisasikan sepanjang semester II tahun ini seiring dengan
kegiatan proyek yang akan semakin meningkat”, tambah Freddy.




Tentang PT Sunindo Pratama Tbk

PT Sunindo Pratama Tbk (SUNI) didirikan pada bulan September 2002 dan bergerak di bidang aktivitas penunjang industri minyak dan gas bumi
(migas) utamanya industri seamless pipes/OCTG tubing. Perseroan berpengalaman dalam memproduksi dan mendistribusikan produk dan jasa
untuk memenuhi kebutuhan industri migas, antara lain OCTG Tubing dan Casing, Wellhead dan Christmas Tree, Drill Bit, Completion Equipment
serta Wellhead Installation dan Maintenance Services.

SUNI resmi tercatat di Bursa Efek Indonesia pada 9 Januari 2023. Pada tahun yang sama, SUNI memperkuat kepemilikannya pada PT Rainbow
Tubulars Manufacture (RTM) dan menjadikannya sebagai aset strategis. RTM merupakan pionir dan satu-satunya manufaktur OCTG tubing di
Indonesia dengan standar API-5CT serta telah mencapai Tingkat Komponen Dalam Negeri (TKDN). Dengan pasar produk tubing yang belum
terpenuhi, ditambah dengan target Pemerintah untuk meningkatkan produksi migas hingga tahun 2030, SUNI memiliki potensi besar untuk
meningkatkan kapasitas dan kinerja keuangan yang berkelanjutan ke depannya.

   SUNI Records Highest Net Profit in the
            First Half of 2024
Jakarta, 30 July 2024 — PT Sunindo Pratama Tbk (SUNI IJ) reported a record-
breaking net profit of IDR 123.5 billion for the first half of 2024. This marks an
impressive 177.2% year-over-year (YoY) increase and is 113% higher than the
company's internal target.

SUNI achieved revenue of IDR 522.4 billion in the first semester of 2024, representing
a 98.6% YoY increase and 56.6% of the management's revenue target. This surge in
revenue was driven by significant increases in the sales volumes of OCTG tubing,
which rose by 66.8% YoY, and casing, which surged by 416.4 times.

In conjunction with the net profit growth, SUNI's equity increased by 19.1% to IDR
700.5 billion compared to December 2023. This equity growth includes a dividend
distribution of IDR 11 billion, as per the resolution of the Annual General Meeting of
Shareholders on June 12, 2024. The company successfully maintained its financial
ratios in accordance with credit terms, with a Debt to Equity Ratio (DER) of 0.29 times,
significantly below the credit terms maximum of 2.5 times.

Operating cash flow in the first semester of 2024 saw a substantial 181.7% YoY
increase to a positive IDR 104.0 billion. The company also invested IDR 82.6 billion in
machinery and factory construction, a 28.7% increase from IDR 64.2 billion last year.
However, financing cash flow decreased by 106.9% YoY due to debt repayment in the
first semester of 2024.

According to Willy Johan Chandra, President Director of PT Sunindo Pratama Tbk, the
company’s success and substantial growth in the first semester of 2024 is the direct
result of several strategic steps we have taken this year. Given Indonesia's
tremendous market potential for seamless pipes/OCTG tubing products and the
Company's success in winning significant tenders, there is ample room for the
Company to further increase its performance and ensure its future business
sustainability.

The Company is also focusing on increasing in-house production capacity at its
subsidiary, PT Rainbow Tubulars Manufacture (RTM). The RTM plant 2 is targeted to
begin operations in 2025. This increase in production capacity will enhance the
Company's future operational and financial performance as well as ensure the
availability of OCTG tubing nationwide, Willy added.

Additionally, SUNI’s Director of Operations, Bambang Prihandono, stated that this
semester, the Company has completed the establishment of a workshop for wellhead
and x'mas tree products as a further step in the formation of a joint venture with
Jiangsu Jinshi Machinery Group (JMP), PT Petro Synergy Manufacturing (PSM).

Currently, PSM is obtaining the necessary licenses and certifications to begin
commercial operations immediately. PSM will be the Company’s second strategic
asset to produce wellhead and x'mas tree products that meet TKDN and international
standards at competitive prices. The Company targets PSM to operate and contribute
to SUNI's performance beginning in the fourth quarter of this year, Bambang added.

Freddy Soejandy, Finance Director of PT Sunindo Pratama Tbk, noted that the
Company will revise some of its financial targets due to the outstanding achievements
in the first semester of 2024, as the Company's performance has exceeded the net
profit target. Additionally, the Company has allocated IDR 327.4 billion for capital
expenditure (capex) this year for the investment plans of RTM and PSM. It is expected
that the budgeted capex will be realized in the second semester this year, in line with
the increasing project activities, Freddy concluded.




About PT Sunindo Pratama Tbk

PT Sunindo Pratama Tbk (SUNI) was established in September2002 and operates in the supporting activities of the oil and gas industry, primarily in the seamless
pipes/OCTG tubing sector. SUNI has experience in manufacturing and distributing products and services to meet the needs of the oil and gas industry, including
OCTG Tubing and Casing, Wellhead and Christmas Tree equipment, Drill Bit, Completion Equipment and Wellhead Installation and Maintenance Services.

SUNI was officially listed on the Indonesia Stock Exchange on January 9 2023. In the same year, SUNI strengthened its ownership of PT Rainbow Tubulars
Manufacture (RTM) and made it a strategic asset. RTM is a pioneer and the only OCTG tubing manufacturer in Indonesia with the API-5CT standard and has
achieved the Domestic Component Level (TKDN). With an untapped demand in the tubing market products, coupled with the Government's target to increase
oil and gas production by 2030, SUNI has significant potential to enhance its capacity and financial performance sustainable in the future.