20240508_SUNI_Laporan Informasi dan Fakta Material_31636904_lamp1.pdf

“Pada tahun ini Perseroan masih akan fokus pada peningkatan kapasitas produksi
in-house dari PT Rainbow Tubular Manufacture (RTM). Perseroan menargetkan
fasilitas plant 2 RTM ini akan beroperasi pada tahun 2025 dan akan memberikan
kontribusi positif terhadap kinerja operasional dan keuangan Perseroan ke depan
serta menjamin ketersediaan OCTG tubing secara nasional” kata Willy.

Pada kesempatan yang sama, Direktur Operasional PT Sunindo Pratama Tbk,
Bambang Prihandono mengatakan pada tahun ini SUNI juga akan melanjutkan
proses pendirian workshop untuk produk wellhead dan x’mas tree sebagai langkah
lanjutan pembentukan joint venture bersama Jiangsu Jinshi Machinery Group (JMP),
PT Petro Synergy Manufacturing (PSM). 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. “Ditargetkan, PSM
sudah mulai beroperasi dan berkontribusi bagi kinerja Perseroan pada kuartal ke-4
tahun ini,” tambah Bambang.

CFO dan Corporate Secretary PT Sunindo Pratama Tbk, Freddy Soejandy juga
menambahkan pada tahun ini Perseroan menargetkan untuk membukukan
pendapatan sebesar Rp923,6 miliar dan laba bersih sebesar Rp109,3 miliar. Dengan
pencapaian kinerja pada 1Q 2024, Perseroan telah mencapai 30.5% target laba
bersih tahun ini. “Selain itu, Perseroan juga menganggarkan capital expenditure
(capex) pada tahun ini sebesar Rp327,4 miliar untuk mengeksekusi rencana
investasi di RTM dan PSM. Hingga 1Q 2024 penggunaan capex ini masih rendah
karena pembangunan plant 2 RTM masih dalam proses penyelesaian tahap awal,”
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 X’mas Tree, Drill Bit, Completion Equipment serta
Wellhead dan X’mas Tree 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 (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 Outstanding Performance in 1Q 2024
Jakarta, 7 May 2024. PT Sunindo Pratama Tbk (SUNI IJ) recorded revenue of
Rp162,7 billion in 1Q 2024, marking a 15.1% YoY increase from the same period in
2023. The revenue stems from sales and service segments, contributing 99.7% and
0.3%, respectively. The revenue increase is supported by a 15.1% YoY growth as well
in the sales segment, in line with the increase in sales volume of OCTG tubing and
casing by 35.6% YoY and 117.8 times YoY, respectively. Alongside the revenue
growth, the Company also recorded a net profit of Rp33.4 billion, representing a
68.6% YoY increase up to 1Q 2024. This net profit achievement reached 30.5% of the
Company's target for the year.

Alongside the net profit growth, the Company also managed to increase its equity by
5.7% to Rp621.5 billion compared to the 4Q 2023 period. The total liabilities of the
company decreased by 12.5% to Rp175.5 billion in 1Q 2024 due to the repayment of
the Company's long-term debt amounting to Rp10.7 billion. With this composition of
equity and liabilities, the Company successfully maintained its financial ratios in
accordance with the credit terms, with a Debt to Equity Ratio (DER) at 0.29 times,
significantly below the credit terms of a maximum of 2.5 times.

In 1Q 2024, SUNI also managed to maintain a positive cash flow from operating
activities amounting to Rp12.3 billion, or an increase of 119.0% YoY. The Company
also made investments amounting to Rp34.8 billion for the purchase of machinery
and the construction of a factory, a decrease of 51.1% YoY compared to the same
period last year amounting to Rp71.1 billion, mainly due to the ongoing initial stage
completion of plant 2 construction. From financing activities, net cash flow
decreased by 106.1% YoY due to the debt repayment in 1Q 2024.

The Chief Executive Officer of PT Sunindo Pratama Tbk, Willy Johan Chandra, stated
SUNI successfully recorded sustainable performance growth in 1Q 2024 as a result
of implementing several strategic steps in 2024. We are increasingly optimistic
about achieving the Company's targets in 2024, given Indonesia's captive market
potential for seamless pipes/OCTG tubing products, which provides opportunities for
the Company to ensure its future business sustainability.

"This year, the Company will still focus on increasing the in-house production
capacity of PT Rainbow Tubular Manufacture (RTM). The Company targets that the
facility of RTM plant 2 will be operational in 2025 and will contribute positively to the
Company's future operational and financial performance, as well as ensuring the
availability of OCTG tubing in Indonesia," said Willy.

At the same time, The Chief Operating Officer of PT Sunindo Pratama Tbk, Bambang
Prihandono, stated that this year SUNI will also continue the establishment process
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). PSM will be the second strategic asset for the
Company to produce wellhead and x’mas tree products that meet TKDN and

international standards at competitive prices. "It is targeted that PSM will begin
operations and contribute to the Company's performance in the fourth quarter of this
year," added Bambang.

“The Chief Financial Officer and Corporate Secretary of PT Sunindo Pratama Tbk,
Freddy Soejandy, also added that this year the Company targets to achieve revenue
of Rp923.6 billion and net profit of Rp109.3 billion. With the performance
achievement in 1Q 2024, the Company has reached 30.5% of this year's targets. "In
addition, the Company has allocated capital expenditure (capex) of Rp327.4 billion
for this year to execute investment plans in RTM and PSM. Until 1Q 2024, the
utilization of this capex is still low because the construction of plant 2 RTM is still in
the early completion process," added Freddy.




About PT Sunindo Pratama Tbk

PT Sunindo Pratama Tbk (SUNI) was established in September 2002 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 seamless OCTG tubing and casing pipes, Wellhead and X’mas Tree equipment, Drill Bits, Completion Equipment, as
well as Wellhead and X’mas Tree 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 API-5CT
standards and has achieved the Domestic Component Level (TKDN). With the untapped demand in the tubing product market, 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
sustainably in the future.