20240801_DOID_Laporan Informasi dan Fakta Material_31689844_lamp2.pdf

Operating cash flow for 1H 2024 increased by 15% YoY, reaching approximately USD 164 million, driven by
significant improvement in working capital management. However, free cash flow decreased due to significant
investments in financial assets such as Sun Energy and the recently completed strategic acquisition of Atlantic
Carbon Group, Inc (ACG), When normalized with the ACG acquisition, free cash flow would be USD 68 million
as compared to a negative USD 47 million.

Operational expansion drove the majority of the Group’s Capex growth in 1H 2024, which increased by 78% YoY
to USD 79 million. This expenditure supported the ramp-up of existing sites in both Indonesia and Australia and
capitalization of Repair and Maintenance (RM) costs, and in line with the Group’s full-year Capex guidance of
USD 150 million to USD 190 million. As the Group continues to expand its operations, maintaining strict control
over Capex remains a key focus.

Dian Andyasuri, Director at Delta Dunia Group, commented, “Despite extreme weather conditions and
weakening currencies, Delta Dunia Group delivered stable performance in the first half of 2024. This resilience
highlights our strategic foresight in navigating uncontrollable risks and our commitment to transforming our
business and diversifying revenue streams, positioning us for sustainable growth towards a low-carbon economy."

Effective Debt Management and Strategic Diversification Support Long-Term Growth

The Group has been proactively managing its liabilities by aligning debt maturities with the lifespan of its
equipment, successfully reprofiling most of its debt maturing in 2026. As of 1H 2024, 15% of this debt is due in
2027, with 33% scheduled for repayment in 2028 and beyond. The Group's cash position stands at USD 260
million, with a healthy net debt to EBITDA ratio of 1.90x as of June 30, 2024, reflecting prudent leverage
management and positioning the Group fit for future growth. The Group expects this ratio to improve with the
inclusion of ACG’s EBITDA.

The successful completion of the acquisition of ACG, the second largest producer of ultra-high-grade (UHG)
anthracite in the United States transforms the Group into a mine owner, further diversifying the group while
maintaining its prominent market position as a Tier 1 mining contractor in Indonesia and Australia. The ACG
acquisition is projected to raise the proportion of group revenue from non-thermal sources to 28% by the end of
FY2024. This move is aligned with the Group's commitment of reducing revenue from thermal coal to 50% by
2028.

In addition to the successful diversification of its revenue sources, the Group’s ESG initiatives have shown
significant progress. It has completed carbon baseline consolidation across its Indonesian and Australian
operations and implemented site-specific carbon reduction measures. Plans are underway to extend these
strategies to other sites in 2H 2024.

Iwan Fuad Salim, Director at Delta Dunia Group, commented, “As we move into the second half of the year,
we remain focused on operational excellence and prudent financial management, while at the same time
executing our growth strategies. Our recent US expansion demonstrates our commitment to creating long-term
value for our shareholders by transforming the Group into a globally diversified mining business. The ACG
acquisition has strengthened our position, and we are confident that it will make a positive contribution to our
diversification efforts.

The Group’s management has demonstrated confidence in its prospects through share buyback and capital
reduction initiatives. By July 26, 2024, the Group purchased 483.1 million shares through the buyback program.
It also acquired USD 34.8 million of its Senior Notes through open market purchases and USD 153 million
through the tender offer. These initiatives aim to optimize shareholder value and enhance returns to
shareholders.




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About PT Delta Dunia Makmur Tbk (Delta Dunia Group):
Established in 1990, PT Delta Dunia Makmur Tbk (Delta Dunia Group) is a prominent holding company operating in
Indonesia, Australia, and USA. Our principal subsidiary, PT Bukit Makmur Utama (BUMA), is a leading provider of mining
services to some of the largest miners in Indonesia, Australia (through BUMA Australia Pty Ltd), and USA through PT Bukit
Makmur Internasional (BUMA International).

In 2023, Delta Dunia Group expanded its portfolio with the addition of two new subsidiaries: PT Bukit Teknologi Digital
(BTech), offering comprehensive mining technology solutions that empower companies within the mining industry, and PT
BISA Ruang Nuswantara (BIRU), a social entity dedicated to education, vocational schools, and fostering a circular economy.
In July 2024, the Group established PT Katalis Investama Mandiri to support its long-term strategy in ESG.

Listed on the Indonesia Stock Exchange (IDX Code: DOID), Delta Dunia Group is headquartered in Jakarta, Indonesia, and
is supported by a workforce of over 16,000 employees across Indonesia, Australia, and USA. In June 2024, Delta Dunia
Group was recognized among the Top 200 in the inaugural FORTUNE Southeast Asia 500 rankings, a prestigious list that
identifies the region’s largest companies by revenue.

For further information, please contact:
PT Delta Dunia Makmur Tbk.
Corporate Communications
South Quarter Tower A, Penthouse Floor
Jl R.A. Kartini Kav. 8, Cilandak Barat Jakarta 12430
Phone: +6221 3043 2080
Email: communications@deltadunia.com
Website: www.deltadunia.com



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