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DISCLAIMER
MMI PUBLIC EXPOSE
Presentasi ini dipersiapkan semata-mata dan secara eksklusif hanya untuk pihak-pihak yang diundang untuk keperluan diskusi. Baik presentasi ini maupun isinya tidak diperkenankan untuk diperbanyak, diungkapkan atau dipergunakan tanpa sebelumnya memperoleh persetujuan tertulis dari PT Madusari Murni Indah Tbk (“Perseroan”). Perseroan tidak bertanggung jawab atas semua keputusan apapun yang dibuat oleh para investor atau analis berdasarkan informasi yang disajikan dalam presentasi ini.
Presentasi ini dipersiapkan semata-mata dan secara eksklusif hanya untuk pihak-
pihak yang diundang untuk keperluan diskusi. Baik presentasi ini maupun isinya
tidak diperkenankan untuk diperbanyak, diungkapkan atau dipergunakan tanpa
sebelumnya memperoleh persetujuan tertulis dari PT Madusari Murni Indah Tbk
(“Perseroan”). Perseroan tidak bertanggung jawab atas semua keputusan apapun
yang dibuat oleh para investor atau analis berdasarkan informasi yang disajikan
dalam presentasi ini.
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PT MADUSARI MURNI INDAH TBK.
PUBLIC EXPOSE
29 TH MAY 2024
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MEET OUR TEAM
MMI PUBLIC EXPOSE
ADIKIN BASIRUN DONNY WINARNO JOSE TAN
PRESIDENT DIRECTOR DIRECTOR DIRECTOR & CORSEC
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MMI PUBLIC EXPOSE
AGENDA
COMPANY PROFILE
2023 FINANCIAL PERFORMANCE
Q1 2024 FINANCIAL PERFORMANCE
2024 MARCH 31 BALANCE SHEET
2024 SALES FORECAST
2024 CAPEX BUDGET
CHALLENGES & STRATEGIES
OPPORTUNITIES & STRATEGIES
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MMI PUBLIC EXPOSE
COMPANY PROFILE
1. Successfully grown for the past 58 years as the best in quality and largest ethanol company in
Indonesia.
2. Molasses-base ethanol Plant with installed capacity of 80,000 KL a year.
3. Corn-base ethanol Plant with installed capacity of 50,000 KL a year is currently under
construction.
4. Molasses-base ethanol plant has 4.6 MW power plant fueled by coal & vinasse (by-product from
molasses fermentation).
5. Manufacturing facilities for ethanol, liquid CO2, dry ice, and fertilizer are located in Lawang, East
Java.
6. Ethanol distribution facilities are located in East Java & West Java.
7. Pioneer in producing fuel-grade ethanol in Indonesia since 2004; supplied fuel-grade ethanol to
the state-owned Pertamina from 2006 to 2010.
8. +/-65% of ethanol products are for the domestic market while +/-35% are for the international
markets.
9. Listed in IDX since August 2018.
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2023 PERFORMANCE
MMI PUBLIC EXPOSE
1. Starting 2nd half of 2022, Molindo
refocused its sales to its niche
markets requiring high quality food
grade ethanol with better margin.
2. Maintained healthy balance
between import and local sales.
3. Improved efficiency, reduced cost
& expenses.
4. Net forex loss of Rp4.0 billion in
2023 vs net forex gain of Rp6.7
billion.
5. In 2023, sold idle land to reduce
debts and finance cost.
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Q1 2024 PERFORMANCE
MMI PUBLIC EXPOSE
1. Since 2nd half of 2022, Molindo
refocused its sales to its niche
markets requiring high quality food
grade ethanol with better margin.
2. Improved efficiency, reduced cost
& expenses.
3. Net forex gain of Rp162 million in
Q1 2024 vs net forex loss of Rp4.3
billion in Q1 2023.
4. Reduction in debts resulted to
lower finance cost in Q1 2024 vs
Q1 2023.
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MARCH 31, 2024 & DECEMBER 31, 2023
MMI PUBLIC EXPOSE
BALANCE SHEETS
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MMI PUBLIC EXPOSE
2024 SALES FORECAST
• 7% growth in revenue (Rp1.5
trillion 2024 vs Rp1.4 trillion 2023)
driven by increase in prices of
ethanol & sales volume.
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MMI PUBLIC EXPOSE
2024 CAPEX BUDGET
MRI 36.7 billion
SKI 2.5 billion
MIG 0.8 billion
TOTAL 40.0 billion
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MMI PUBLIC EXPOSE
CHALLENGES & STRATEGIES
CHALLENGES:
1. Lower sugar cane harvest due to El Nino resulting to shortage in molasses
and increase in cost of raw materials.
2. Zero-tariff imported ethanol from Pakistan.
STRATEGIES:
1. Has secured >90% of molasses requirements through purchase contract.
2. Increase selling price of ethanol to cover cost increment.
3. Industry Association to persuade government to review its policy on
importation of ethanol and export of molasses.
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MMI PUBLIC EXPOSE
OPPORTUNITIES & STRATEGIES
OPPORTUNITIES:
1. Strong US dollar provides better margin for export market.
2. Government’s program on Bioethanol is very promising for the Ethanol
Industry in Indonesia.
STRATEGIES:
1. Develop new export markets
2. Molindo has 10 million liters annual production capacity for
Absolute/Bioethanol grade alcohol, and is ready to increase production
capacity as demand grows.
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QUESTION & ANSWER
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THANK YOU THE BOARD OF DIRECTORS – PT MADUSARI MURNI INDAH TBK.
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