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Page 1
Public Expose
PT Elnusa Tbk (IDX Ticker: ELSA)
Sept 2026
VISI PERUSAHAAN JASA ENERGI TERKEMUKA YANG MEMBERIKAN SOLUSI TOTAL
Page 2
Outline
1 ELSA Highlights
2 Strategy & Business Updates
3 Operational & Contract Performance
4 Financial Performance
5 ESG Update
This presentation has been prepared by PT Elnusa Tbk (the "Company") solely for information purposes and does not constitute, and shall not be construed as, an offer to sell or a solicitation of an offer to
purchase any securities of the Company. Certain statements contained in this presentation may constitute forward-looking statements, including statements regarding the Company's business strategies, plans,
objectives, future operations, financial performance, market conditions, and industry outlook. These statements are based on current expectations, assumptions, estimates, and projections that are subject to
various risks, uncertainties, and other factors, many of which are beyond the Company's control. Actual results, performance, or achievements may differ materially from those expressed or implied in such
forward-looking statements due to a variety of factors, including but not limited to changes in economic conditions, commodity prices, foreign exchange rates, interest rates, regulatory developments, market
competition, project execution risks, operational issues, and other business uncertainties. The information contained herein has been obtained from sources believed to be reliable; however, no representation or
warranty, express or implied, is made as to the accuracy, completeness, or fairness of the information. Forward-looking statements speak only as of the date of this presentation and should not be relied upon as
a guarantee of future performance. The Company undertakes no obligation to update, revise, or publicly release any revisions to such statements except as required by applicable laws and regulations. Neither
the Company nor its directors, officers, employees, advisors, affiliates, or representatives shall have any liability whatsoever for any loss arising directly or indirectly from the use of, or reliance upon, this
presentation or its contents.
Page 3
ELSA throughout the years
Unlocking the potential of PHE Group's marginal fields and strengthening our existing technological
capabilities and cutting-edge innovations
2026
Rediscover
Technology and
Innovation Edge
–
Accelerating
Excellence,
Securing Energy
Frontiers
Enablers :
• Operation
Excellence
• Cost
Leadership
• Synergy
Page 4
Company’s Overview
Company Snapshot Vision Reputable Energy Services Company by Providing Total Solutions
Founded 25 Jan 1969
Established 9 Sep 1969
• Improve business sustainability and profitability in local and international energy
IPO Date 6 Feb 2008 (Ticker: ELSA) industries to meet shareholders’ expectations.
Employees 1.833 (permanent) • Fulfill and maintain customer satisfaction by providing Total Solution through synergy,
15.045 (incl outsources) operational excellence, HSSE and GCG principles.
Mission
Market Cap ~IDR 3.8 trillion/~USD 212 million (1H26) • Improve employees’ welfare and growth opportunities
Total Aset ~IDR 11,47 trillion (1H26) • Establish harmonious and mutually beneficial relationships with governments,
Business Unit Upstream Integrated Oil & Gas Services partners, and communities.
1. Geoscience & Reservoir Services
2. Drilling & Workover Services Business Structure
3. Well Intervention Services SH Upstream SH Downstream SH Gas SH Power & NRE SH Shipping Portfolio & Co
4. EPC & OM Services
Regional 1 51,1% Public : 48,9%
ELSA’s Upstream Integrated Oil & Gas Services
subsidiaries 1. PT Elnusa Geosains Indonesia
Regional 2
Upstream EPC&OM
2. PT Elnusa Oilfield Services Regional 3
Services Services
Energy Distribution & Logistics Services Regional 4
1. PT Elnusa Petrofin (EPN)
Regional 5
Oil & Gas Support Services
1. PT Elnusa Fabrikasi Konstruksi (EFK) Elnusa Tbk. Elnusa Petrofin Elnusa Trans Elnusa Sigma Cipta Patra Nusa Elnusa Elnusa
(EPN) Samudera Fabrikasi Utama (SCU) Data (PND) Geosains Oilfield
2. PT Elnusa Trans Samudera (ETSA) PDSI (ETSA) Konstruksi (EFK) Indonesia (EGI) Services (EOS)
3. PT Sigma Cipta Utama (SCU) Sales of Goods and Oil & Gas Support Integrated Upstream
Badak NGL
4. PT Patra Nusa Data (PND) Energy Distribution Services Services
& Logistics Services
Page 5
End-to-end Solution Across Oil & Gas Value Chain
• Unique value to offer : business line from upstream to downstream and all supporting ecosystem
• Capabilities : cross bundling or integrate services to deliver the most efficient services for our customer solution
Upstream Integrated Oil & Gas Services Sales of Goods and Energy Distribution & Logistics Services
Geoscience & Drilling & Workover Well Intervention Integrated Logistic Integrated Fuel Integrated Chemical
Reservoir Services Services Services • Fuel Fleet Management Supply Trading • Blending Facilities
• Transportation • Trading Fuel Industry & • Drilling Mud
• Over 100 Set of • 1 Fast Moving Rig 1600 • 13 Coiled Tubing Units
Management Marine • Oil & Gas Production
Surveying, Navigation, HP • 5 Cementing Units & 6
• Manages More Than • EOR
Positioning • 12 Hydraulic Workover Pumping Units
2.000 Trucks Of All Types • Refinery Chemical
• Over 250 Set of Seismic • 1 Hydraulic Workover • 21 Electric Wireline
Throughout Indonesia Integrated Fuel
Drilling Drilling Logging Units
• Over 25.000 Channel of • 14 Mudlogging Units • 10 Slickline Units
Management
Recording • 9 H2S Units • 3 Wireline Combo Units • Franco Services Integrated
• 4 Vibroseis • Drilling Fluid Services • 4 Well Testing Offshore • VHS Services INFRASTRUCTURE
• 2.000 Ocean Bottom Units • Operation Cooperation • Fuel Storage Solution
Nodes • 5 Surface Testing Units • LPG Storage & SPBE
• 8.000 Onshore Smart Solo EPC & OM Services • 4 Drill Stem Testing Units • Metering System
Nodes • 28 Electrical Submersible
• Engineering, Procurement,
• 40 Experts In Marine & Pump
Construction & Installation
Land Processing
• Operation & Maintenance
• 38 Power Generators Oil & Gas Support Services
• 2.600 Cores Equipped
• Turn Around Warehouse, Data
With Sufficient Storage
• Decommissioning Fabrication, Marine Support
• Non Seismic Survey
Maintenance & • 3 Well Testing Barge Management & ICT
• Latest Software From • 3 Working Barge
Leading Developer OCTG Services • 2 Multipurpose Barge
Services
• 60.000 MT OCTG • 22.200 m² Warehouse Facilities
• 1 Seismic Vessel
Threading • 12.000 m² Data Storage Office
• Marine Support
• 40.000 m² Workshop & Warehouse
• AHTS
Facilities • Data Management, Remastering
• Dredging
• Fabrication & Construction & Implementation
• Integrated Repair & • Core Lab Facilities
Maintenance • Telecommunication & Vehicle
• Oil Country Tubular Goods Tracking
• ICT managed service,
Application Solutions & IoT
Page 6
Strengthening National Dominance and Overseas Market Presence
National Operational Working Areas Middle East and India
Algeria Iraq
Libya
India
Myanmar South East Asia
Thailand Philippines
Vietnam
Leveraging a nationwide operational footprint, Elnusa Group integrates the expertise of its subsidiaries,
from EPN’s distribution & logistics, ETSA’s offshore marine fleet to SCU & PND’s data management &
technology, and EFK’s OCTG fabrication. This historical and ongoing synergy ensures Elnusa remains the Brunei
Malaysia
most reliable partner for integrated energy services in Indonesia.
Myanmar (1998) 2D Seismic & Processing Brunei (2015) 3D Seismic Land Acquisition Algeria (2017) Well Monitoring
Elnusa’s Vietnam (2007) Workover Services Algeria (2015) 3D Land Processing Vietnam (2019) 2D Seismic Offshore
Overseas Libya (2008) 2D Land Processing Algeria (2015) Passive Seismic Survey Philippines (2021) Offshore Geophysical Survey
Expansion India (2008) 3D Seismic Land Acquisition PIEP’WAs (2009) WIMS, PRMS, MDR Algeria (2025) OCTG Pipeline Supply
Brunei (2009) 2D/3D Seismic Data Processing Malaysia (2017) Workover Services Thailand (2025) Offshore Seismic Support
Page 7
ELSA has sets Key Strategic Priorities
1 MMBOPD
Elnusa as "The Strategic Enabler & Efficiency Partner"
to maintain the economic viability of Pertamina Hulu Energi /
Pertamina Group assets and efficiency across the entire oil and
gas value chain
2026
REDISCOVER TECHNOLOGY
AND INNOVATION EDGE
Operation Excellence Cost Leadership Technology
• Operational Reliability & HSSE • Cost Discipline and Investment Strengthening Solutions and Adopting
Compliance Optimization Appropriate Technologies Across the
• Integrated Energy Services & Group • Business Process Simplification Entire Oil and Gas Value Chain
Synergy • Expertise Development & Cross-Group
• Strengthening Local Content (TKDN) & Competency Synergy
Supporting National Energy Security
Page 8
Innovation Technology
Stryde Pertapixel
Stryde is a wireless seismic data
Pertapixel is a digital geospatial service that
acquisition system, in which each
integrates drone technology, aerial mapping,
sensor (node) operates autonomously to
and Geographic Information Systems (GIS)
record ground vibrations.
to support mapping, asset inspection, facility
The technology has been deployed for
monitoring, and spatial data management.
2D and 3D onshore seismic
acquisition in the Tedong area for
Pertamina EP (PEP). Stryde offers
greater flexibility, efficiency, and
better data quality
Chemical EOR Road Traffic Control (RTC)
Chemical Enhanced Oil Recovery Road Traffic Control (RTC) is an
(CEOR) Rama Project in PHE OSES integrated control and monitoring
through Polymer Flooding began to center designed to track and monitor
operate in June 2026. This polymer the movement of fuel tanker fleets in
injection will improve the displacement real time, 24 hours a day.
of oil from the reservoir and ultimately RTC integrates GPS tracking, AI-
increasing production from surrounding based CCTV, trip data, traffic
wells. For chemical, we will supply by conditions, and driver behavior
SNF, SA as technology partner. information into a single centralized
control center
Page 9
Infrastructure Services
TBBM Palaran TLPG Kolaka
• Elnusa is currently executing an EPC project owned by Pertamina Patra • Enusa is developing EPC project to support Pertamina Patra Niaga
Niaga. under BOT arrangement.
• Palaran Fuel Terminal Storage and Distribution Facility project is • Support LPG supply requirements in Southeast Sulawesi under the
designed with a storage capacity of 37,500 kiloliters, consisting of 12 Kerosene-to-LPG Conversion Program, integrated with the Kolaka Fuel
fuel tanks. Terminal (TBBM Kolaka).
• The facility is also equipped with a jetty with a capacity of 7,500 • TLPG Site Area: 9,129 m²
deadweight tons (DWT), an integrated piping system, truck-loading • Operation and development of LPG infrastructure and facilities with a
facilities, and a number of operational and safety facilities. storage capacity of 2 × 1,500 MT for a contract period of 10 years.
• Construction Progress as of June ~3% • Construction Progress as of June ~15%
Page 10
Operational Performance 1H26
Integrated Upstream Sales of Goods and Energy Distribution &
Oil & Gas Support Services
Oil & Gas Services Logistics Services
Data & Storage Management
Seismic Wireline • 95% asset utilization
3D : 1.757,08 SqKm Logging • 196 kontrak in Hands Transportation
• Safety Excellence Award 2025 from Depo
2D : 193,16 Km 662 Wells PHR
14 Mn KL BBM 1.918 K KL
Fabrication Construction LPG 62 K Ton
Welltesting Modular Rig • New Project : EPC Bangko
3.855 Wells Drilling 5 Wells Nella PHR
• Construction Warehouse BBM Inmar &
at PHSS Chemical
Cieteureup - SCU Lubricant
92 K KL 73 K Drum
CMT 121 Wells HWU Marine Support
CTS 289 Wells 112 Wells • 0,041% Non Productive Time Fuel Retail
• 21 non-asset based project 6 K KL
• 65 Unit asset utilization
Projects Completion Target Projects Completion Target Projects Completion Target
• Seismic Onshore 2D 3D Tedong 61,4% Dec 28 • Non-ERP Application 5% Apr 28 • EPC – TLPG Kolaka 15,02% Dec 27
• Seismic Onshore 3D Manaatal 3,1% Dec 26 Development and • CEOR Rama 5% Jun 29
Juata Maintenance Service
• Seismic Offshore 3D Kandawulo 69,7% Feb 27 • Office Building Lease 50% Dec 26
• EPC – Fuel Terminal Palaran 2,3% Feb 28 for SKK Migas Archive
and Asset
Management
Rp. 2,06 Tn Rp. 99 Bn Rp. 0,61 Tn Rp. 41,8 Bn Rp. 4,92 Tn Rp. 293 Bn
Revenue Net Profit Revenue Net Profit Revenue Net Profit
10,6% YoY 6,0% YoY 21,6% YoY 2,0% YoY 26,6% YoY 54,4% YoY
Page 11
Contract Performance 1H26
1H26 closed with solid new contract wins, reflecting sustained demand across Integrated Upstream, Support Services, and Energy
Distribution & Logistics
Integrated Upstream Oil and Sales of Goods and Energy
Oil and Gas Support Services
Gas Services Distribution & Logistics Services
Carry Over
2025 12,3 Tn 2,8 Tn 6,5 Tn
New Contract 1,6 Tn 1,0 Tn 9,0 Tn
Contract Absorbed 4,5 Tn 1,4 Tn 8,5 Tn
Carry Forward 9,5 Tn 2,3 Tn 7,0 Tn
Elnusa maintained strong commercial momentum in 1H26, supported by robust contract wins and disciplined project
execution. The Company closed the quarter with Rp18,8 trillion in carry forward contracts, providing strong earnings
visibility while demonstrating the resilience and diversification of its business portfolio across Integrated Upstream Oil &
Gas Services, Oil & Gas Support Services, and Energy Distribution & Logistics.
Page 12
Financial Performance 1H26
Rp.7,58 Tn Rp. 862 Bn Rp. 11,40 Tn Rp. 761
Bn
Revenue EBITDA Assets Cash Flow from Operation
8,9% YoY 16,2% YoY 8,1% YoY 16% YoY
Rp.435 Bn 5,73 % Rp. 5,43 Tn Rp. 2,88
Tn
Net Profit Net Profit Margin Equity Cash Balance
29,2% YoY 18,6% YoY 9,5% YoY 1% YoY
Support
Services Corporate +
Third 8% Rating id AA
44,29
Party 22% Integrated 39,10
Upstream 27% Revenue 25,90 27,60
Revenue Contribution
Contribution 65% Dividend/Share
(Rp.)
78%
2022 2023 2024 2025
Sales of Goods
Affiliated and Energy DPR 40% 40% 40% 45%
Dist & Log
Page 13
Capital Expenditure
As of Jun’26, Capex realization reached ~35%, driven by key investments in STPS Navigation, Coiled Tubing Units, Fuel Tank Vehicles
and other maintain-capacity investments.
Capex and Composition Realization 1H26
-65%
602 Integrated Upstream Oil and Gas Services
566
525 STPS Navigation, Passive Seismic Geobit C100,
495 28% Coiled Tubing Unit & Cementing Unit
27% 37%
56% Energy Distribution & Logistic
Fuel Tank Vehicles & TLPG Kolaka
50%
42% 34% 209 Oil and Gas Support Services
29% 23% PUDC, Dell Optiplex & Warehouse Batam
27% 27% 62% 14% Non Project
13%
4% 3% 2% 9% 6% 8% Renovation of the Graha Elnusa building &
2023 2024 2025 Jun-26 2026F Warehouse Construction
Capex 495 525 566 209 602
(IDR bio)
Upstream Dist & Log Support New Business Non Project
Page 14
Delivering Responsible Energy Services
Environment Aspects Social Aspects
Occupational Health and Employee composition
Total Emission Emissions
Safety Management System
Reduction
45.000,12 Gen Z (1997-2012) 186 (10%)
ton CO2eq 656,85 ISO 45001:2018 Gen Y (1981-1996) 1.165 (61%)
ton CO2eq Gen X (1965-1980) 562 (29%)
HSSE Excellence
GHG Emission Energy 0,89 0,99 0,94 0,89 0,80 Male Female
TRIR IOGP
Reduction Reduction 0,37 ELSA Group 75% 25%
TRIR ELSA 0,07 0,02 0,07 0,09
1,46% 671,35 2021 2022 2023 2024 2025
BOD-1 60% 40%
Thousand GJ
Environmental Energy
Management System Governance Aspects
Trees
ISO 14001:2015 Planted ACGS Assessment Score Whistleblowing
4.246 96,66 - Very Good System (WBS)
Green Energy initiatives:
• Implementation of energy-efficient equipment and solar Anti Bribery Management
power (PV) installations at operational sites (e.g., Elnusa System
Petrofin terminals). Management Composition
▪ FUKAPEG as the Anti-Bribery,
• Transitioning service capabilities toward Geothermal Ethics, and GCG Compliance Male Female
energy and CC(U)S. Function – responsible for
• Strict protocols for hazardous and toxic waste (B3) overseeing ethical practices at BOD 75% 25%
management across all upstream and downstream all levels of the organization BOC 60% 40%
operational areas. ▪ ISO 37001:2016, Anti-Bribery
Management System (ABMS)
Page 15
Q&A Session PT Elnusa Tbk (IDX Ticker : ELSA)
Page 16
Thank You
Feedback
PT Elnusa Tbk
Graha Elnusa 16th Floor, Jl. T.B. Simatupang Kav. 1B, Jakarta 12560, Indonesia
Tel. +62 21-78830850, Fax. +62 21-78830907
investor.relation@elnusa.co.id
Names mentioned 10 people and organisations named in the text · linked when the evidence is strong
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org
PT Elnusa Geosains Indonesia Regional
p.4
unresolved
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PT Elnusa Oilfield Services
p.4
unresolved
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PT Elnusa Petrofin
p.4
unresolved
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PT Elnusa Trans Samudera
p.4
unresolved
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PT Sigma Cipta Utama
p.4
unresolved
org
PT Patra Nusa Data
p.4
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