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PUBLIC EXPOSE 2025 PT CITRA TUBINDO TBK JAKARTA, MAY 26th, 2026
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AGENDA 1. COMPANY OVERVIEW 2. SALES, OPERATIONS AND FINANCIAL OVERVIEW 3. CHANGE OF BOD STRUCTURE 4. 2026 BUSINESS OUTLOOK 5. Q&A 6. NEW LOGO
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COMPANY OVERVIEW
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PT CITRA TUBINDO TBK
COMPANY PROFILE CORE BUSINESSES
Incorporation Date 23 August 1983
• Pipe Threading
• Accessories Manufacturing Services
Location Kepulauan Riau Province, Batam Island
• Heat Treatment Process
• Pipe Coating & Surface Treatment
Status and Form of Legal Entity
• Protectors Manufacturing Services
Limited Liability Company (PT)
and Public Company • Tubular Services
Addresses
Hang Kesturi I No. 2, Kawasan Industri Terpadu Kabil, World Trade Center 5, 16th Floor
Batam 29467 Jl. Jend Sudirman Kav 29-31, Jakarta 12920
Telp : (0778) 711121-711123 Telp : (021) 57907133
Web : www.citratubindo.com Email : corsec@citratubindo.co.id
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ORGANIZATION STRUCTURE
Vallourec SA*
100%
Vallourec Tubes
100%
Kestrel Wave Investment Ltd Nippon Steel Corporation Public
33,48% 48,23% 6,98% 11,31%
PT Citra Tubindo Tbk
100% 99,94% 99%
NS Connection Technology Pte., Ltd. PT Sarana Citranusa Kabil PT Citra Pembina Pengangkutan Industries
98%
PT Citramadya Cargindo
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SALES, OPERATIONS AND FINANCIAL OVERVIEW
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2025 BUSINESS HIGHLIGHTS
Positive international and domestic trend…
• Relatively stable oil price towards 2025 giving visibility to the operators
• High activity in Middle-East and Africa
• Stable drilling activity in Indonesia after the sharp increase in 2024
… supported by commercial activity…
• Active promotion in Indonesia and internationally using Vallourec sales network
• Focus on premium products and services to serve all sectors (O&G, Geothermal and Carbon Capture and Storage)
• With a continuous focus on supporting Pertamina and providing advanced support to the complex exploration and
development in Indonesia.
… resulting in strong sales results in 2025
• Revenues increase at 266.9MUSD (+5.1% YoY)
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SAFETY: IMPLEMENTATION
OF VALLOUREC GROUP STANDARD
Total Recordable Injury Rate (TRIR) based on Total Accum. in the Year (YTD) • Safety Performance with 0 LTI and 1
10 WLTI
TRIR = No of Recordable Injury case (YTD) x 1.000.000
Total Man Hour (YTD)
14,0
• 602 near misses reported as of
December 2025
8 12,0
• Achieve the 20,1% RPI reduction by
10,0
December 2025
No of Recordable
6
Notes
(cases)
TRIR
8,0
• LTI: Loss Time Injury
4 4 • WLTI: Without Loss Time Injury
4 6,0 • RPI: Risk Performance Indicator
3
4,0
2 2
2
2,35 2,20
1 1 1,96 1 2,0
1,64
1,20 0,69 0,62 0,56 0,51 0,48
0,66 00,63 0 0.48
- -
2016 2017 2018 2019' 2020' 2021 2022 2023 2024 2025 Jan 25 Feb 25 Mar 25 Apr 25 May 25 Jun 25 Jul 25 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25
Recordable injury cases (LTI+TRI) Target
YTD Total Recordable Injury Rate (TRIR) based on ttl accum in the year
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QUALITY: STABILIZE INTERNAL PROCESS
API Transition
• API 5CT 11th Edition: 100% progress, effective implemented on 1 January 2025
• Addendum 1: Still on progress, estimation finish on week 4 2026
• API Q1 10th Edition: 100% progress, effective implemented on 18 September 2024
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CAPEX (IN MUSD)
5 2025 MAIN CAPEX:
4,5 4,36 • Purchased one new coupling
machines NLX6000 installed in Q3
4 • Included Safety Budget (600KUSD)
3,43 to improve safety and quality
3,5 3,18 3,3
2,93 • Revamp Tempering Furnace
3 completed successfully in Q4-
2,5 2,5
2,5 2025
2
1,5
1
0,5
0
2019 2020 2021 2022 2023 2024 2025
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FY2025 RESULTS HIGHLIGHTS
YoY Change
USD Million FY2025 FY2024
(%) 300
250
Revenue 266.9 253.9 5.1
200
150
Gross Profit 58.4 62.7 (6.9)
100
Gross Profit Margin
(%)
21.9 24.7 50
0
Profit attributable to Revenue Net Profit
shareholders
21.8 26.2 (16.8)
FY2025 FY2024
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OTHER KEY NUMBERS 1. No bank borrowings expected for FY2026 2. Dividend payout ratio of about 100% for FY2025 3. Positive operation cashflow USD Million FY2025 FY2024 Net Asset Value 124.5 128.9 Operation Cashflow 67.0 23.2
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PTCT CONSOLIDATED
LIQUIDITY POSITION AS OF 31 MAR 2026
CASH IN BANK (KUSD)
70.000 As of 31 Mar 2026, PT CT Group total credit lines is 24,3
MUSD:
60.000
50.000 • Treasury Facility: Available 2,8 MUSD
• Trade Finance Facility : 21,5 MUSD for L/C & Bond Facility. As at
40.000 end March: 12,01 MUSD utilized.
30.000
• Sufficient cash reserves to continue its operations for FY2026 and
after dividend payout.
20.000
10.000
-
31Dec24 31Dec25 31Mar26
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2026 BUSINESS OUTLOOK
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2026 BUSINESS TREND AND OUTLOOK
The business context remains highly uncertain and volatile…
• Trade restrictions, the situation in Venezuela, and the conflict in the Middle East are driving higher volatility in global oil and
gas markets. Asia is among the most affected regions.
• In Indonesia, Local Content requirements have evolved, yet key points remain insufficiently defined and implementation is
still inconsistent.
• Domestic pipe producers have further strengthened their position in Indonesia.
… resulting in a challenging outlook for 2026
• Backlog at the end of December 2025 is lower than at the end of December 2024.
• While SKK Migas remains committed to drilling and production objectives, several projects are not progressing fast enough to
cope with the current environment.
• Major Long-Term Agreements were concluded in recent months; however, deliveries will be distributed across 2026, 2027
and 2028.
• International demand continues to be affected by the Middle East situation.
We are committed to create sustainable value in this current market environment.
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COMPANY UPDATES: COMPOSITION OF THE BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS
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BOARD OF COMMISSONERS & BOARD OF DIRECTORS Jerome Favre Mathieu Florent Jacques Barreau Sudjono Suhardjo Commissioner President Commissioner Independent Commissioner Karim Kouche Saiful Mizra bin Kassim Susi Yulianti President Director Director Director
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QUESTIONS & ANSWER
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PT CITRA TUBINDO TBK NEW LOGO
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FROM GOOD TO GREAT:
OUR NEW LOGO
WHY THE NEW LOGO?
• One global brand identity Starting 1st of June 2026, PT Citra Tubindo Tbk
• Stronger positioning within Vallourec Group will officially adopt Vallourec branding across all
• Greater consistency across operations & communications
• Long-term commitment to Vallourec strategy communications.
WHAT REMAINS UNCHANGED?
• Our people & expertise
• Operational excellence in Indonesia
• Long-term commitment to customers & stakeholders
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THANK YOU PT CITRA TUBINDO TBK WORLD TRADE CENTRE (WTC) 5, 16TH FLOOR JL. JENDRAL SUDIRMAN KAV. 29-31 JAKARTA SELATAN, JAKARTA 12920 EMAIL: CORSEC@CITRATUBINDO.CO.ID
Names mentioned 12 people and organisations named in the text · linked when the evidence is strong
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Protectors Manufacturing Services Limited
p.4
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Kestrel Wave Investment Ltd
p.5
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PT Sarana Citranusa Kabil
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PT Citra Pembina Pengangkutan Industries
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PT Citramadya Cargindo
p.5
unresolved
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PT CT Group
p.13
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