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20240430_TINS_Laporan Informasi dan Fakta Material_31632839_lamp3.pdf
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PRESS RELEASE
UNTUK SEGERA DISIARKAN
Terus Genjot Produksi, TINS Bukukan Laba Positif
Jakarta, 30 April 2024 – PT TIMAH Tbk (“Perseroan”; IDX: TINS) hari ini mengumumkan Laporan
Keuangan Konsolidasian untuk periode yang berakhir 31 Maret 2024.
Ditengah ketidakpastian kondisi global, penurunan stok di bursa LME dan Shanghai serta
gangguan politik di negara-negara pengekspor logam timah menghambat rantai pasokan logam
timah secara global sehingga menjadi salah satu penyebab kenaikan harga logam timah dunia
di bursa LME.
Momentum tersebut dimanfaatkan dengan baik oleh Perseroan seiring dengan upaya
meningkatkan kinerja produksi dan operasi secara signifikan ditengah perbaikan tata kelola
pertimahan di Indonesia sehingga Perseroan berhasil mencatatkan laba positif.
“Fokus Perseroan pada peningkatan produksi melalui penambahan alat tambang dan
pembukaan lokasi baru, strategi recovery plan serta program efisiensi berkelanjutan secara
perlahan berimbas pada perbaikan kinerja keuangan Perseroan sehingga membukukan laba
positif di kuartal I 2024 seiring perbaikan tata kelola pertambangan dan niaga timah
Indonesia.” ujar Fina Eliani Direktur Keuangan dan Manajemen Risiko PT TIMAH Tbk.
Kinerja Operasi
Sampai dengan kuartal 1 2024, TINS mencatat produksi bijih timah sebesar 5.360 ton atau naik
29,5% dibandingkan periode yang sama tahun sebelumnya 4.139 ton. Adapun produksi logam
naik 12,7% menjadi 4.475 ton dibandingkan periode yang sama tahun sebelumnya sebesar
3.970 ton, sementara penjualan logam timah turun 17% menjadi 3.524 ton dibandingkan
periode yang sama tahun sebelumnya sebesar 4.246 ton.
Harga jual rata-rata logam timah sebesar USD27.071 per metrik ton atau naik 1,8%
dibandingkan periode yang sama tahun sebelumnya sebesar USD26.573 per metrik ton. Dalam
kurun waktu tersebut, TINS mencatatkan ekspor timah sebesar 91% dengan 6 besar negara
tujuan ekspor meliputi Singapura 22%; Korea Selatan 14%; Amerika Serikat 11%; Jepang 9%;
India 8% dan Belanda 8%.
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Kinerja Keuangan
Pada kuartal 1 2024, Perseroan berhasil mencatatkan laba positif sebesar Rp29,5 miliar atau
35% dari target yang sudah ditentukan Perseroan.
Perseroan membukukan pendapatan sebesar Rp2,06 triliun menurun 5,3 % dari Rp2,17 triliun
di kuartal I 2023 ditengah kenaikan harga jual rata-rata logam timah sebesar 1,9% dari
USD26.573 per metrik ton di kuartal I 2023 menjadi USD 27.071 per metrik ton di kuartal I 2024
dan penurunan harga pokok pendapatan sebesar 7,7 % dari Rp1,91 triliun di kuartal I 2023
menjadi Rp1,76 triliun di kuartal I 2024. Di kuartal I 2024, Perseroan membukukan laba usaha
sebesar Rp69,7 miliar lebih tinggi dari kuartal I 2023 sebesar Rp21,3 miliar dengan pencapaian
EBITDA sebesar Rp335 miliar atau 101% dari kuartal I 2023. Sehingga, di kuartal I 2024
Perseroan mencatatkan laba bersih sebesar Rp 29,55 miliar.
Posisi nilai aset Perseroan pada kuartal I 2024 sebesar Rp12,82 triliun. Sementara posisi
liabilitas sebesar Rp6,46 triliun, turun 2,35% dibandingkan posisi akhir tahun 2023 sebesar
Rp6,61 triliun dikarenakan berkurangnya interest bearing debt dan beban akrual.
Posisi ekuitas sebesar Rp6,37 triliun, naik 2,01% dibandingkan posisi akhir tahun 2023 sebesar
Rp6,24 triliun.
Indikator keuangan Perseroan menunjukkan hasil yang baik, terlihat dari beberapa rasio
keuangan penting di antaranya Quick Ratio sebesar 23,2%, Current Ratio sebesar 143,5%, Debt
to Asset Ratio sebesar 50,3%, dan Debt to Equity Ratio sebesar 101,4%.
Kondisi saat ini dan prospek ke depan
Saat ini, harga rata-rata timah CSP di LME sejak Maret 2024 meningkat 12% menjadi USD
29.084 per ton dari harga rata-rata timah CSP di LME selama tahun 2023 sebesar USD 25.959
per ton serta proyeksi harga timah versi Bloomberg di kisaran USD 23.000 – 29.000 per metrik
ton.
Sampai dengan kuartal 1 2024, Perseroan telah melakukan berbagai upaya untuk
meningkatkan kinerja operasi dan produksi diantaranya optimalisasi produksi tambang laut dan
darat, optimalisasi peralatan tambang serta optimalisasi produksi dari sisa hasil pengolahan.
Selanjutnya, Perseroan berupaya mencapai target produksi dengan melakukan beberapa
inisiatif strategis seperti peningkatan sumber daya dan cadangan secara organik/anorganik,
optimalisasi penambangan dan pengolahan timah primer melalui peningkatan recovery,
perbaikan tata kelola kemitraan penambangan, optimalisasi produksi melalui percepatan
pembukaan lokasi baru serta efisiensi berkelanjutan di seluruh lini bisnis.
-- selesai ---
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Sekilas PT TIMAH Tbk
PT TIMAH Tbk adalah anak usaha dari holding pertambangan Indonesia MIND ID merupakan
produsen timah terkemuka sekaligus eksportir timah terbesar di dunia dengan wilayah
operasional pertambangan dan peleburan logam timah di provinsi Bangka Belitung, Kepulauan
Riau, dan Riau.
Menjadi Perseroan Terbatas sejak tahun 1976 dan melantai di Bursa Efek Indonesia sejak tahun
1995, PT TIMAH Tbk menjalankan bisnis timah yang terintegrasi secara vertikal, mulai dari
kegiatan eksplorasi, penambangan, peleburan dan pemurnian logam timah hingga pemasaran
yang melayani para pelanggan internasional maupun domestik. Produk logam timah dengan
merek “Banka Tin”, “Kundur Tin”, dan “Mentok Tin” memiliki reputasi internasional dan telah
terdaftar di London Metal Exchange (LME).
Saat ini PT TIMAH Tbk yang merupakan anggota dari International Tin Association (ITA) memiliki
4 (empat) lini bisnis utama yakni pertambangan timah, hilirisasi timah (tin chemical dan tin
solder), pertambangan non‐timah (batubara dan nikel), serta bisnis berbasis kompetensi
termasuk properti, galangan kapal, agro bisnis.
Untuk keterangan lebih lanjut dapat menghubungi:
Abdullah Umar, Corporate Secretary
Telepon : +62 (21) 23528000 dan +62 (717) 4258000
Email : corsec@pttimah.co.id
Website : www.timah.com
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PT TIMAH Tbk
Ikhtisar Unjuk Kerja
Kuartal 1 2024 dan 2023
Kuartal 1 Kuartal 1 Perubahan (%)
Keterangan 2024 2023
a b (a-b)/b
Produksi bijih timah - Ton Sn
Darat 3.260 1.712 90%
Laut 2.100 2.427 -13%
Total 5.360 4.139 29%
Produksi logam timah - Metrik Ton 4.475 3.970 13%
Penjualan logam timah - Metrik Ton 3.524 4.246 -17%
Harga Jual Rata-Rata - US$/Metrik Ton 27.071 26.573 2%
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PRESS RELEASE
FOR IMMEDIATE RELEASE
Continuing to Boost Production, TINS Records Positive Profits
Jakarta, April 30, 2024 – PT TIMAH Tbk (“the Company”; IDX: TINS) today announced its
Consolidated Financial Statements for the period ended March 31, 2024.
In the midst of uncertain global conditions, a decline in stocks on the LME and Shanghai
exchanges as well as political disturbances in tin exporting countries hampered the global tin
supply chain, thus becoming one of the causes of the increase in world tin prices on the LME
exchange.
This momentum was utilized well by the Company by continuing to slowly improve production
performance amidst improvements in tin governance in Indonesia so that the Company
recorded positive profits.
"The Company’s focus on increasing production through adding mining equipment and opening
new locations, recovery plan strategies and sustainable efficiency programs is slowly having an
impact on improving the Company’s financial performance so that it post positive profits in the
first quarter of 2024 in line with improvements in Indonesia’s tin mining and trading
governance." said Fina Eliani, Director of Finance and Risk Management of PT TIMAH Tbk.
Operation Performance
As of the first quarter of 2024, TINS recorded tin ore production of 5,360 tons, an increased of
29.5% compared to the same period the previous year of 4,139 tons. The tin metal production
amounted rose 12.7% to 4,475 metric tons compared to the same period the previous year of
3,970 metric tons, while tin metal sales fell 17% to 3,524 metric tons compared to the same
period the previous year of 4,246 metric tons.
The average selling price of tin metal was USD27,071 per metric ton or an increase of 1.8%
compared to the same period previous year of USD26,573 per metric ton. During that period,
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TINS recorded tin exports of 91% with the top 6 export destination countries including
Singapore 22%; South Korea 14%; United States 11%; Japan 9%; India 8% and the Netherlands
8%.
Financial Performance
In the first quarter of 2024, the Company succeeded in recording positive profits of Rp29.5
billion or 35% of the target set by the Company.
The Company booked revenue of Rp2.06 trillion, a decrease of 5.3% from Rp2.17 trillion in the
first quarter of 2023 amidst an increase in the average selling price of tin metal by 1.9% from
USD26,573 per metric ton in the first quarter of 2023 to USD27,071 per metric tons in the first
quarter of 2024 and 7.7% reduction in cost of revenue from Rp1.91 trillion in the first quarter
of 2024. In the first quarter of 2024, the Company posted an operating profit of IDR 69.7 billion,
higher than the first quarter of 2023 which amounted to IDR 21.3 billion with an EBITDA
achievement of IDR 335 billion or 101% from the first quarter of 2023. So, in the first quarter
of 2024 the Company recorded a net profit of Rp29.55 billion.
The Company's asset value position in the first quarter of 2024 amounted to Rp12.82 trillion.
Meanwhile the liability position amounted to Rp6.46 trillion, down 2.35% compared to the end
of 2023 position of Rp6.61 trillion due to reduced interest bearing debt and accrued expenses.
The equity position amounted to Rp6.37 trillion, an increase of 2.01% compared to the year-
end 2023 position of Rp6.24 trillion.
The Company's financial indicators still show good results as seen from several important
financial ratios including Quick Ratio of 23.2%, Current Ratio of 143.5%, Debt to Asset Ratio of
50.3%, and Debt to Equity Ratio of 101.4%.
Current conditions and prospects for the future
Currently, the average price of CSP tin on the LME since March 2024 has increased by 12% to
USD 29,084 per ton from the average price of CSP tin on the LME during 2023 of USD 25,959
per ton and the projected tin price by Bloomberg in the range of USD 23,000 - 29,000 per metric
ton.
Until the first quarter of 2024, the Company has made various efforts to improve operational
and production performance, including optimizing sea and land mining production, optimizing
mining equipment and optimizing production from processing residues.
Furthermore, the Company strives to achieve production targets by carrying out several
strategic initiatives such as increasing organic/inorganic resources and reserves, optimizing
primary tin mining and processing through increasing recovery, improving mining partnership
governance, optimizing production through accelerating the opening of new locations and
sustainable efficiency in all business lines.
--- Finished ---
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A brief description about PT TIMAH Tbk:
PT TIMAH Tbk, a subsidiary of Indonesian mining holding company MIND ID, is the leading tin
producer as well as the largest tin exporter in the world with mining and smelting operations
in Bangka Belitung, Riau Islands, and Riau.
Being a Limited Liability Company since 1976 and listed in the Indonesian Stock Exchange since
1995, PT TIMAH carries out vertically integrated tin business from exploration, mining, smelting
and refining, to marketing for overseas and domestic customers. Refined tin products with the
brands "Banka Tin", "Kundur Tin" and "Mentok Tin" officially registered in the London Metal
Exchange (LME) are considered to be the most preferred brand.
Currently PT TIMAH which is a member of the International Tin Association (ITA) has 4 (four)
main business lines namely tin mining, downstream products (tin chemical and tin solder), non‐
tin mining (coal and nickel), as well as competency‐based businesses such as hospitals,
property, shipyards, agribusiness.
Further information, please contact:
Abdullah Umar, Corporate Secretary
Telepon : +62 (21) 23528000 dan +62 (717) 4258000
Email : corsec@pttimah.co.id
Website : www.timah.com
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PT TIMAH Tbk
Performance Highlight
Q1 2024 and Q1 2023
Remarks Q1 2024 Q1 2023 Change (% )
a b (a-b)/b
Production of tin ore - Ton Sn
Onshore 3.260 1.712 90%
Offshore 2.100 2.427 -13%
Total 5.360 4.139 29%
Production of refined tin - Metric Ton 4.475 3.970 13%
Sales of refined tin - Metric Ton 3.524 4.246 -17%
Average selling price - US$/Metric Ton 27.071 26.573 2%
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