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20240430_AMMN_Laporan Informasi dan Fakta Material_31631714_lamp2.pdf
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AMMAN NN FOR IMMEDIATE RELEASE April 30, 2024 AMMAN O1 2024 EARNINGS RESULTS SIGNIFICANT INCREASE IN METALS PRODUCTION DUE TO HIGH GRADE ORE FROM PHASE 7 @1 2024 Key Highlights e Copper production was 98 million Ibs (“Mlbs"), #2146 year-on-year (“YoY”), with a sales volume of 80 Mlbs (#59 YoY). # Gold production was 166,536 ounces (“oz”) (t344x YOY), with a sales volume of 137,539 oz (159 Yo). # Concentrate production was 179,073 dry metric tonne (“dmt”) (#2846 YoY), with a sales volume of 150,368 dmt (4994 YoY). “Net sales were US$602 million. e EBITDA was US$326 million, with a 5496 margin. e Net income was US$131 million, with a 2246 margin. # The smelter progress reached 88.196, which is 103.394 of the scheduled target of 85.296. We are on track to achieve physical completion by the end of May 2024. # The Indonesia Stock Exchange (“IDX”) recently announced that AMMN stock will be included in L@45 index from 2 May 2024. Jakarta, April 30, 2024 - PT Amman Mineral Internasional Tbk (IDX: AMMN) (“AMMAN", the "Company", or "We”), a company that operates the second largest copper and gold mine in Indonesia, the Batu Hijau mine, today announced its A1 2024 financial and operational results. "We begin 2024 with strong production results attributed to the high-grade ore from Phase 7. Concentrate production surged by 28X YoY in A1 2024, with copper and gold production increasing by 21X and 3454, respectively. Currently, we are nearing the peak of Phase 7 high-grade ore, which is expected to be depleted by the end of 2024. At that point, production will transition to Phase 8 ore. Meanwhile, our expansion projects are progressing as planned. The smelter project exceeded its scheduled target in March 2024 and is on track to meet the physical completion deadline by end of May 2024. Additionally, AMMAN's full-year 2024 guidance remains unchanged, and we are committed to optimizing production despite the potential export ban starting in June 2024. AMMAN will maintain its focus on achieving strategic objectives, including improving the efficiency of our mining Operations and ensuring the timely completion of expansion construction projects," said Alexander Ramlie, President Director of AMMAN. amman.co.id "Despite strong production results in O1 2024, net sales saw a marginal increase of 196. This is dueto a197 decrease in realized copper price, offset byan increase in the volume of gold and copper sold, at 15X and 5, respectively, as well asa 94 rise in gold price. Additionally, there were several weeks PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622157994600 F. 462 215296 4136 1
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AMMAN of shipment delays in January 2024 as we needed to revise our export permit to maintain export duty at 1046, without which it would increase. During the first three months of 2024, AMMAN demonstrated financial resilience amid a few challenges and committed to implementing prudent financial management and stringent cost control," said Arief Sidarto, Director of Finance at AMMAN. AMMAN A1 2024 Key Operational and Financial Highlights NNNN 012024 012023 X Change Operating metrics Concentrate production (dmt) 179,073 139,360 28K Concentrate sales (dmt) 150,368 137,828 996 Copper production (Mlbs) 98 80 21K Copper sold (Mlbs) 80 76 5x Copper price net (US$/Ib) 3.89 4.77 (1996) Gold production (oz) 166,536 124,253 34K Gold sold (oz) 137,539 119,831 15X Gold price net (US$/oz) 217 1,950 996 Materials mined (Mt) 69 68 196 Mill throughput (Mt) 10 9 9K 012024 012023 4 Change Financial metrics (US$m) Total net sales 602 597 196 EBITDA 326 349 (790) Net income! 131 179 (2796) Adjusted C1 Cost (US$/Ib sold (1.45) (0.73) 99K Capex 420 205 1044 Per Mar 2024 Per Dec 2023 Y5 Change Cash and cash eguivalents 1,440 1,229 174 ! Net income Gl 2024 includes IUPK PNBP, a non-tax government revenue for special mining business license, for the Al 2024 portion 2 Adjusted for net movement of deferred stripping costs and net movement in stockpiles and concentrate inventories. Production amman.co.id The metals production in 012024 showed a significant increase, primarily attributable to the high- grade ore from phase 7. This led to a 2146 YoY rise in copper production and a 34X YOY increase in gold production. A1 2024 copper production is the highest in the past six years. Concentrate production surged by 2876 to reach 179,073 dmt compared to O1 2023. Despite facing issues with 793C haul truck tire imports permit caused by the Government's introduction of a new online system that affected operations from December 2023 to February 2024, guarterly materials mined increased by 12 compared to A1 2023. Mining activities during A1 2024 were primarily focused on extracting high-grade ore at the bottom of the pit. Conseguently, the majority of trucks traveled longer hauling distances, resulting in a slight increase in mining costs. Unit mining costs rose from US$2.40/ton in A1 2023 to US$2.54/ton in @1 2024. PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622157994600 F. 462 215296 4136
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AMMAN amman.co.id 012024 012023 4 Change Concentrate production (dmt) 179,073 139,360 28K Copper production (Mlbs) 98 80 21K Gold production (oz) 166,536 124,253 34K Net sales In A1 2024, net sales increased by 196 from US$597 million in A1 2023 to US$602 million. This marginal increase was primarily driven by an increase in the volume of gold and copper sold at 1596 and 54, respectively. The increase was further supported by a 996 rise in gold price, which bolstered AMMAN's performance in @1 2024, with gold sales contributing 4896 compared to 394 in A1 2023. However, these gains were offset by a194 decrease in the copper price. Additionally, there were several weeks of delay in shipments in January 2024 as we needed torevise our export permit to reflect the updated export duty, which remained at 1096. EBITDA AMMAN's EBITDA fell by 796 from US$349 million in A1 2023 to US$326 million in A1 2024. This decline was primarily driven by an increase in export duty and government royalties. Nonetheless, the company maintained a robust EBITDA margin of 5446. Net income AMMAN reported a net income of US$131 million in A1 2024, a 274 decrease compared to US$179 million in A1 2023. The margin also declined from 30X in A1 2023 to 22X in @1 2024, primarily due to increased finance costs and profit-sharing obligations or IUPK PNBP - a non-tax government revenue for special mining business licenses. Adjusted C1 Cost C1Cash Costis a metric representing the costs of extracting and processing the Company's principal metal product, copper, toa condition in which it may be delivered to customers net of gold and silver credits from concentrate sold. Our adjusted C1 Cost in A1 2024 was US$(1.45) per Ib sold, an improvement over US$(0.73) per Ib sold in A1 2023, attributed to the notably enhanced contribution of gold as a by-product credit. Capex AMMAN' total capital expenditure in A1 2024 was US$420 million, markinga 1044 rise from @1 2023. This surge is mainly due to the expansion projects, with the following details: sustaining capex of US$67 million: smelter and PMR expenditures totaling US$123 million: combined cycle power plant (“CCPP”), liguefied natural gas (“LNG”), and transmission and distribution (“T&D”) facilities costing US$59 million: processing plant expansion (including redesign) totaling US$138 million: and supporting infrastructure expenses amounting to US$32 million. PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622157994600 F. 462 215296 4136 NNNN
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AMMAN NNNN An independently verified guarterly progress report covering the period of A1 2024 stated that construction progress of the copper smelter had reached 88.196, which is 103.34 of the target of 85.24. Meanmhile, construction of the PMR had reached 75.896 or 90.8X of the target of 83.5X. Debt As of 31 March 2024, AMMAN's total debt amounted to US$3,743 million, with a net debt of US$2,303 million, representing a 1696 increase from December 2023. The increase in leverage signifies additional loans to support both capital expenditures and operations. The debt maturity profile has been structured to enable AMMAN to focus on its expansion program. Cash and cash eguivalents AMNT Working Capital Loan AMNT Working Capital Loan II AMNT Working Capital Loan III AMNT Term Loan Facility II AMNT Term Loan Facility III AMNT Term Loan Facility IV AMNT Term Loan Total AMNT Debt AMIN Term Loan Facility Total AMIN Debt Total Debt Total Net Debt amman.co.id PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 Maturity Balance date (USS) Notes 1,440 23-Dec-27 87 Payable at maturity 13-Dec-25 150 Supplier financing, fully paid in Apr 2024 26-Apr-24 98 Supplier financing, fully paid in Apr 2024 nan. Loan facility of US$1,750 m, 25-Dec-27 1718 fully drawn down in Jun 2023 an Loan facility of up to US$750 m, 25-Dec-27 727 fully drawn down in Jul 2023 nan Loan facility of up to US$250 m, 25-Dec-28 244 fully drawn down in Mar 2024 23-Dec-27 118 Fully drawn down in Aug 2023 3.143 Nan Facility of US$1,295 m, includes St-Dec-31 600 158275 m Letter of Credit (LO) 600 3,743 2,303 IL 462215799 4600 F. 462215296 4136 4
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AMMAN NN Company Outlook Our FY2024 guidance remains unchanged, and we are committed to optimize production, despite the potential export ban starting June 2024. We anticipate producing 833,000 dmt of concentrate, containing an estimated 456 Mlbs of copper and 1,009,000 oz of gold. This production target is driven by the high-grade fresh ore from Phase 7 that will be mined and processed. The focus should be on the volume of payable metals, specifically copper and gold, rather than the volume of concentrate. Our revenue is driven by the metal content within the concentrate, not its volume. Operating and Financial Measures Full Year 2024 Guidance Copper production 456 Mlbs Gold production 1,009,000 oz Concentrate production 833,000 dmt Adjusted C1 cost US$(0.35) per Ib Smelter progress Physical Completion by end of May 2024 CAPEX Smelterand PMR US$415 million CCPP, LNG and T&D facilities US$438 million Processing plant expansion US$530 million Supporting infrastructure US$205 million Processing plant expansion redesign US$114 million Sustaining capex US$303 million Total Capex US$2,005 million we expect the smelter construction to progress as scheduled, with physical completion by the end of May 2024 as reguired by the Government. Following the physical completion of the smelter, we will focus on commissioning process and the production of the first cathode in the second half of 2024. Our guidance represents our expectations as of the date of this press release and may be subject to change. #44 amman.co.id PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622157994600 F. 462 215296 4136 5
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AMMAN NN
About AMMAN
PT Amman Mineral Internasional Tbk (IDX: AMMN) is the largest copper and gold producer on the
Indonesian Stock Exchange. AMMN will be included in the Indonesia Stock Exchange (“IDX”) LA45
index for the period from 2 May until 31 July 2024. Around end of last year, AMMN was also included
in MSCI and FTSE indices.
Through its subsidiary, PT Amman Mineral Nusa Tenggara ("AMNT"), the Company owns and operates
the Batu Hijau mine, Indonesia's second-largest copper-gold mine. AMNT also processes ore into
concentrate and conducts exploration activities at the Elang project. Through PT Amman Mineral
Industri ("AMIN")'s subsidiary, a copper smelter, and a precious metals refinery (“PMR”) are under
construction and targeted to achieve physical completion, meaning progress verified above 9056, in
May 2024. After the copper smelter and PMR facilities are completed, AMMAN will become a fully
integrated mining-to-smelting business near key end-market regions in Asia. We are committed to
leading with sustainable practices and creating a legacy of the best for Indonesia.
Disclaimer
This press release and its information have been prepared by PT Amman Mineral Internasional Tbk.
(“Company” atau "AMMN”) solely for information purposes only and does not constitute a
recommendation regarding any securities of the Company. The information contained in this
document should be considered in the context of the circumstances prevailing at the time and is
subject to change without notice and will not be updated to reflect material developments that may
occur after the date hereof. Certain statements in these materials constitute forward-looking
statements and information with respect to the future financial condition, results of operations and
certain plans and objects of management of the Company and the Group (“Forward-Looking
Statements”). Such Forward-Looking Statements are made based on management's current
expectations or beliefs as well as assumptions made by, and information currently available to,
management. Neither the Company nor any of its advisers assumes any responsibility to update
Forward-Looking Statements or to adapt them to future events or developments. This document is
not financial, legal, tax or other product advice.
Contacts
Media:
Kartika Octaviana, Vice President Corporate Communications & Investor Relations
communications@amman.co.id
Vemmy Febrianti, Corporate Secretary & Legal
corporate.secretary@amman.co.id
Investors / Analysts:
AMMAN
: ions@ .
amman.co.id
PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622157994600 F. 462 215296 4136 6
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AMMAN
amman.co.id
Additional Information
Our Phase 7 ore mining at the Batu Hijau mine is underway and will continue through 2024.
Concurrently, Phase 8 waste removal is progressing as planned and will commence Phase 8 ore
mining in 2025 through 2030. Based on a series of ore reserves statements prepared by an
independent mining consultant with drilling and resource modeling in 2020, Phase 8 is expected to
produce 458 Mt of ore amounting to 3.86 Blbs of copperand 5.30 Moz of gold, effectively extending
the mine life for six years. We are committed to employing advanced technigues and reconfiguring
mining seguences to enhance productivity and efficiency.
The Elang Deposit is one of the world's largest undeveloped porphyry copper and gold deposits near
the Batu Hijau mine. Once Phase 8 ore mining is completed, AMMAN intends to commence
production at the Elang mine. The Elang mine will utilize the existing processing infrastructure at Batu
Hijau throughout its mine life. The ongoing Definitive Feasibility Study for Elang is expected to be
completed in 2024.
Expansion Projects
Processing and Power Facilities Expansion
We are expanding our processing plant to increase capacity to 85 million tonnes per annum ("Mtpa"),
more than double our current capacity. This will enable us to process ore supply from Batu Hijau's
Phase 8 and Elang in the future, which is necessary to meet the growing demand for our products. At
the same time, we are constructing a 450 MW CCPP and its supporting LNG facilities. We remain
committed to minimizing our impact on the environment.
Smelter Construction
AMMAN is currently constructing copper smelter and PMR facilities with an aggregate input capacity
of 900,000 metric tons per annum (“tpa") of concentrate from the Batu Hijau mine and the future
Elang mine. The copper smelter will produce up to 222 kilotonnes per annum (“Ktpa”) of copper
cathode and 830 Ktpaof sulfuric acid. Meanwhile, the PMR facility will receive 970 tpa anode slime
input from the smelter. The PMR facility will produce 18 tpa of gold bars, 55 tpa of silver bars, and 77
tpa of selenium. As of March 2024, our smelter and PMR projects have reached 88.196 and 75.8X' of
target completions, respectively, with physical completion expected in May 2024. The construction
of the smelter project is in line with Indonesia's strategic focus on downstream activities.
Export Permit
On July 24, 2023, AMMAN received an export permit granted by Indonesia's Ministry of Trade to
export concentrate. The permit for 900,000 wet metric tons of concentrate is valid from 24 July
2023 to 31 May 2024. In accordance with Regulation of the Minister of Finance of the Republic of
Indonesia No. 71/2023, we expect to pay export duty at a rate of 1046 until 31 May 2024. We will
continue to communicate with the Government to increase our export license tonnage (as deemed
necessary) and continue concentrate exports until our smelter is fully operational.
1 Note: Data verified by a competent and independent third party and acknowledged by the Ministry of Energy
and Mineral Resources.
PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622157994600 F. 462 215296 4136
NNNN
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AMMAN amman.co.id ATTACHMENTS PT AMMAN MINERAL INTERNASIONAL TBK DAN ENTITAS ANAK/AND ITS SUBSIDIARIES Laporan Posisi Keuangan Konsolidasian Interim 31 Maret 2024 dan 31 Desember 2023 (Disajikan dalam Ribuan Dolar Amerika Serikat, Kecuali Dinyatakan Lain) ASET (ASET LANCAR Kas dan setara kas Kas yang dibatasi penggunaannya - bagian lancar Piutang usaha Aset derivatif - bagian lancar Persediaan, bersih Stockpiles - bagian lancar Pajak penghasilan dibayar dimuka Piutang pajak lainnya Biaya dibayar dimuka dan aset lancar lainnya - Pihak ketiga Jumlah Aset Lancar ASET TIDAK LANCAR Kas yang dibatasi penggunaannya - bagian tidak lancar Aset derivatif - bagian tidak lancar Stockpiles - bagian tidak lancar Piutang pajak lainnya Aset tetap, bersih Properti pertambangan, bersih Biaya pengupasan lapisan tanah yang ditangguhkan, bersih Investasi jangka panjang Goodwili Aset tidak lancar lainnya - Pihak ketiga - Pihak berelasi Jumlah Aset Tidak Lancar JUMLAH ASET Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan Catatan! — March 31, Notes 18 8a 10 1 14 13 13,28 konsolidasian interim secara keseluruhan. PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 Interim Consolidated Statements of Financial Position March 31, 2024 and December 31, 2023 (Expressed in Thousands of United States Dollars, 31 Maret/ 31 Dosember/ December 31, 2024 2023 1,440,026 1,228,597 162,535 155,691 300,134 395,590 29,230 15,636 244,430 153,236 205,281 212,041 42,699 41,708 222,274 224,056 136,153 117,764 2,782,762 2,544,318 71,069 52,568 1,049 661 1,029,119 1,035,257 2,765 10,042 3,229,564 2,819,621 102,397 106,426 2,326,320 2,221,497 242197 240,244 47,712 47,712 13,073 12,659 ———6048 — 6.048 7,078,313 6,552,735 ——9,861,075 . 9,097,053 Unless Otherwise Stated) ASSETS CURRENT ASSETS Cash and cash eguivalents Restricted cash - current portion Trade receivables Derivative assets - current portion Inventories, net Stockpiles - current portion Prepaid income tax Other tax receivables Prepayments and other current assets Third parties - Total Current Assets NON-CURRENT ASSETS Restricted cash - non-current portion Derivative assets - non-current portion Stockpiles - non-current portion Other tax receivables Property, plant and eguipment, net Mining properties, net Deferred stripping costs, net Long term investments Goodwill Other non-current assets Third parties - Related parties - Total Non-Current Assets TOTAL ASSETS The aecompanying notes to the interim consolidated financial statements form an integral part of these interim consolidated financial statemenis. T. 4622157994600 F. 462 215296 4136 NNNN
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AMMAN amman.co.id PT AMMAN MINERAL INTERNASIONAL TBK DAN ENTITAS ANAK/AND ITS SUBSIDIARIES Laporan Posisi Keuangan Konsolidasian Interim 31 Maret 2024 dan 31 Desember 2023 (Disajikan dalam Ribuan Dolar Amerika Serikat, Kecuali Dinyatakan Lain) LIABILITAS DAN EKUITAS LIABILITAS LIABILITAS JANGKA PENDEK Pinjaman bank jangka pendek Utang usaha dan beban akrual - Pihak ketiga - Pihak berelasi Utang pajak penghasilan Utang pajak lainnya Liabilitas reklamasi dan penutupan tambang - bagian lancar Liabilitas derivatif - bagian lancar Pinjaman bank jangka panjang - bagian lancar Liabilitas jangka pendek lainnya - Pihak berelasi Jumlah Liabilitas Jangka Pendek LIABILITAS JANGKA PANJANG Pinjaman bank jangka panjang, bersih - setelah dikurangi bagian lancar Liabilitas reklamasi dan penutupan tambang - bagian tidak lancar Liabilitas imbalan kerja Liabiltas pajak tangguhan, bersih Liabilitas derivatif - bagian tidak lancar Liabilitas jangka panjang lainnya - Pihak ketiga - Pihak berelasi Jumlah Liabilitas Jangka Panjang JUMLAH LIABILITAS Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan 31 Maret/ 'Catatan/ — March 31, Notes 2024 16 335,700 15 552,434 15,28 14,021 8b 126 8b 11,520 19 13,331 18 1,189 17 151,641 21,28 10,109 1,090,071 17 3,255,567 19 305,368 20 5,464 8d 342,236 18 51,803 21 3,628 21,28 49,405 4.013.471 5,103,542 konsolidasian interim secara keseluruhan. PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 -2- Interim Consolidated Statements of Financial Position March 31, 2024 and December 31, 2023 (Expressed in Thousands of United States Dollars, 31 Desember/ December 31. 2023 197,670 499,401 11,503 85 15,078 12,812 1,305 26,105 10,071 774,120 2,991,598 277,151 5,340 329,890 29,153 2,654 51,602 3.687.388 4,461,508 Unless Otherwise Stated) LIABILITIES AND E@UITY LIABILITIES CURRENT LIABILITIES Short term bank loans Trade payables and accrued expenses Third partios - Related parties - Income tax payable Othertax payables Reclamation and closure liabilities - current portion Derivative liabilities - current portion Long term bank loans - current maturitie: Other current liabil Related parties - ies Total Current Liabilities NON-CURRENT LIABILITIES Long term bank loans, net - net of current maturities Reclamation and closure liabilities - non-current portion Employee benefit liabilities Deferred tax liabilities, net Derivative liabilities - non-current portion Other non-current Iiabilities Third parties - Related parties - Total Non-Current Liabilities TOTAL LIABILITIES TThe accompanying notes to the interim consolidated financial statements form an integral part of these Interim consolidated financial statements. T. 4622157994600 F. 462 215296 4136 NNNN
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AMMAN amman.co.id NNNN PT AMMAN MINERAL INTERNASIONAL TBK DAN ENTITAS ANAK/AND ITS SUBSIDIARIES Laporan Posisi Keuangan Konsolidasian Interim 31 Maret 2024 dan 31 Desember 2023 (Disajikan dalam Ribuan Dolar Amerika Serikat, Kecuali Dinyatakan Lain) EKUITAS Modal saham - nilai nominal Rp 125 persaham Modal dasar - 113.360.000.000 saham Modal ditempatkan dan disetor - 72.518.217.656 saham Tambahan modal disetor Cadangan lainnya Dampak dari transaksi ekuitas entitas anak Selisih kurs karena penjabaran laporan keuangan Saldo laba Dicadangkan Belum dicadangkan Jumlah Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk Kepentingan nonpengendali JUMLAH EKUITAS JUMLAH LIABILITAS DAN EKUITAS Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan Interim Consolidated Statements of Financial Position March 31, 2024 and December 31, 2023 (Expressed in Thousands of United States Dollars, Unless Otherwise Stated) 31 Maret/ Catatan/ — March 31, 31 Desember/ December 31, 2024 2023 Notes E@UITY Capital stock - par value IDR 125 per share Authorized - 113,360,000,000 shares Issued and paid-up - 22a 659,301 659,301 72,518,217,656 shares 22a 1,720,040 1,720,040 Additional paid-up capital (8.644) (1,929) Othor rosorvos Effect of eguity transactions of (270.223) (270,223) a subsidiary Foreign exchange adjustment on translation (2425) (423) Of financial statements Retained earnings 22b 50 50 Appropriated 2.572.209 2,443,153 Unappropriated Total Eguity Attributable to 4,670,308 — 4,549,969 Owners of The Parent Entity 23 87.225 85,576 Non-controlling interests 4751533 — 4,635:545 TOTAL EGUITY 9,861,075 9,097,053 TOTAL LIABILITIES AND EAUITY The accompanying notes to the interim consolidated financial statements form an integral part of these interim consolidated financial statements. kkonsolidasian interim secara keseluruhan. PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 Ea T. 4622157994600 F. 462 215296 4136 10
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AMMAN NNNN PT AMMAN MINERAL INTERNASIONAL TBK DAN ENTITAS ANAK/AND ITS SUBSIDIARIES Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian Interim Untuk Periode-periode Tiga Bulan yang Berakhir 31 Maret 2024 dan 2023 (Disajikan dalam Ribuan Dolar Amerika Serikat, Kecuali Dinyatakan Lain) Interim Consolidated Statements of Profit or Loss and Other Comprehensive Income For the Three-month Periods Ended March 31, 2024 and 2023 (Expressed in Thousands of United States Dollars, Unless Otherwise Stated) Catatan/ 31 Maret/March 31, Notes 2024 2023 PENJUALAN SALES Penjualan tembaga, bersih 310,376 363,641 Sales — copper, net Penjualan emas, bersih 291174 233.625 Sales - gold, net Penjualan Bersih 24 601,550 597.266 Net Sales BEBAN POKOK PENJUALAN 25 (320,530) (301,027) COSTS APPLICABLE TO SALES LABA KOTOR 281.020 296.239 GROSS PROFIT BEBAN OPERASIONAL OPERATING EXPENSES Beban akresi 19 (4,644) (4,912) 'Accretion expenses Beban eksplorasi (4,065) (4,056) Exploration expenses Beban pemasaran, umum Marketing, general and dan administrasi 26 (34.031) (26236) — administrative expenses Jumlah Beban Operasional (42,740) 35,204) Total Operating Expenses LABA OPERASIONAL 238,280 261,035 OPERATING PROFIT (BEBAN)/PENDAPATAN LAIN OTHER (EXPENSES)/INCOME Bagian laba dari entitas asosiasi Share in profit of associate dan ventura bersama, bersih 12 4,831 7.463 and joint ventures, net Beban keuangan 16,17,21 (62.218) (48,080) Finance costs Pendapatan lainnya, bersih “(3801 oo/O 7732 Other income, net Jumlah Beban Lain, Bersih (54.296) 32.885) Total Other Expenses, Net LABA SEBELUM PAJAK 183,984 228,150 PROFIT BEFORE TAX BEBAN PAJAK PENGHASILAN 8c (38,516) (48,841) INCOME TAX EXPENSE LABA PERIODE BERJALAN PROFIT FOR THE PERIOD SEBELUM PENERIMAAN BEFORE NON-TAX NEGARA BUKAN PAJAK 145,168 179,309 GOVERNMENT REVENUE Penerimaan negara bukan pajak 15 (14,739) - Non-tax govemment revenue LABA PERIODE BERJALAN amman.co.id 130,729 179,309 PROFIT FOR THE PERIOD Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian interim secara keseluruhan. The accompanying notes to the interim consolidated financial statements form an integral part of these interim consolidated financial statements. ate PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622157994600 F. 462 215296 4136 1
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AMMAN NNNN PT AMMAN MINERAL INTERNASIONAL TBK DAN ENTITAS ANAK/AND ITS SUBSIDIARIES Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian Interim Untuk Periode-periode Tiga Bulan yang Berakhir 31 Maret 2024 dan 2023 (Disajikan dalam Ribuan Dolar Amerika Serikat, Kecuali Dinyatakan Lain) Interim Consolidated Statements of Profit or Loss and Other Comprehensive Income For the Three-month Periods Ended March 31, 2024 and 2023 (Expressed in Thousands of United States Dollars, Unless Otherwise Stated) Catatan/ 31 Maret/March 31, Notes 2024 2023 PENGHASILAN/(RUGI) OTHER COMPREHENSIVE KOMPREHENSIF LAIN INCOME/LOSS) Pos yang akan Items that will be reclassified direklasifikasi ke laba rugi subseguently to profit orloss Transaksi derivatif 18 (8,552) 4,065 Derivative transactions Pajak sehubungan dengan Related income tax on transaksi derivatif 8d 1,882 (894) derivative transactions Bagian penyesuaian translasi Share in translation dari entitas asosiasi 12 (69) 415 adjustment of associate (6,739) 3,586 Pos yang tidak akan Items that will not be reclassified direklasifikasi ke laba rugi subseguently to profit or loss Pengukuran kembali Remeasurement of defined liabilitas imbalan kerja 20 - 201 employee benefit liabilities Pajak sehubungan dengan Related income tax on pengukuran kembali remeasurement of defined liabilitas imbalan kerja 8d - (45) — employee benefit liabilities - 156 Jumlah (Rugi)/Penghasilan Total Other Comprehensive Komprehensif Lain, Setelah Pajak (6.739) 3.742 (Loss)/Income, Net of Tax JUMLAH PENGHASILAN KOMPREHENSIF TOTAL COMPREHENSIVE PERIODE BERJALAN 123,990 183,051 INCOME FOR THE PERIOD JUMLAH LABA PERIODE BERJALAN YANG DAPAT TOTAL PROFIT FOR THE DIATRIBUSIKAN KEPADA: PERIOD ATTRIBUTABLE TO: Pemilik entitas induk Kepentingan nonpengendali JUMLAH PENGHASILAN 129,056 1,673 ———130,729. — 179,309 176,755 2,554 Owners of the parent entity Non-controlling interests KOMPREHENSIF PERIODE TOTAL COMPREHENSIVE BERJALAN YANG DAPAT INCOME FOR THE PERIOD DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO: Pemilik entitas induk 122,341 180,352 Owners of the parent entity Kepentingan nonpengendali 23 1.649 2.699 Non-controlling interests s3 s ———123,9990 — 183,051 ) £ LABA PER SAHAM YANG DAPAT EARNINGS PER SHARE z DIATRIBUSIKAN KEPADA 'ATTRIBUTABLE TO OWNERS H PEMILIK ENTITAS INDUK OF THE PARENT ENTITY a (nilai penuh) Pi 0.00178 0.00269 (full amount) Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian interim secara keseluruhan. TThe accompanying notes to the interim consolidated financial statements form an integral part of these Interim consolidated financial statements. -5- PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622157994600 F. 462 215296 4136 12
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AMMAN amman.co.id NNNN PT AMMAN MINERAL INTERNASIONAL TBK DAN ENTITAS ANAK/AND ITS SUBSIDIARIES Laporan Arus Kas Konsolidasian Interim Untuk Periode-periode Tiga Bulan yang Berakhir 31 Maret 2024 dan 2023 (Disajikan dalam Ribuan Dolar Amerika Serikat, Kecuali Dinyatakan Lain) Interim Consolidated Statements of Cash Flows For the Three-month Periods Ended March 31, 2024 and 2023 (Expressed in Thousands of United States Dollars, Catatan/ 31 Maret/March 31 Notes 2024 2023 ARUS KAS DARI AKTIVITAS OPERASI Penerimaan dari pelanggan 6.24,25 705,458 659,617 Pembayaran kepada pemasok (364,555) (313,017) Pembayaran royalty, pajak dan penerimaan negara bukan pajak (148,153) (64,342) Pembayaran beban keuangan 16,17,21 ) (45.894) Kas bersih diperoleh dari aktivitas operasi 130,951 236.364 ARUS KAS DARI AKTIVITAS INVESTASI Perolehan aset tetap 931 (ato,408) (200,544) Uang muka perolehan aset tetap 13 (0.416) (4,873) Kas digunakan untuk aktivitas investasi —— (419824) — (205417) ARUS KAS DARI AKTIVITAS PENDANAAN Penerimaan dari pinjaman bank jangka pendek 16 248,290 - Pembayaran untuk pinjaman bank jangka pendek 16 (110,260) (1.000) Penerimaan dari pinjaman bank jangka panjang 17 398,167 575,000 Pembayaran untuk pinjaman bank jangka panjang 17 (6,836) (676,250) Perubahan pada kas yang dibatasi penggunaannya 5 (25,345) (34.488) Kas bersih diperoleh dari/(digunakan untuk) aktivitas pendanaan KENAIKAN/(PENURUNAN) BERSIH KAS DAN SETARA KAS KAS DAN SETARA KAS PADA AWAL PERIODE Pengaruh perubahan kurs mata uang asing KAS DAN SETARA KAS PADA AKHIR PERIODE Catatan atas laporan keuangan konsolidasian interim terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian interim secara keseluruhan. PT AMMAN MINERAL INTERNASIONAL TBK MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 504,016 — (46,738) 215,143 15.701) 1,228,597 817,758 (3,714) (1.653) ——1,440,026 . — 800,314 Sae Unless Otherwise Stated) CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Payments to suppliers Payments of royalties, taxes and non-tax govemment revenue Payments of finance costs Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES Acguisitions of property, plant and eguipment Advance for acguisition of property, plant and eguipment Cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from short term bank loans Repayments of Short term bank loans Proceeds from long term bank loans Repayments of long term bank loans Changes in restricted cash Net cash provided by/ (used in) financing activities NET INCREASE/ (DECREASE) IN CASH AND CASH E@UIVALENTS CASH AND CASH EGUIVALENTS AT THE BEGINNING THE PERIOD Effect of foreign exchange rate changes CASH AND CASH E@UIVALENTS AT THE END OF THE PERIOD The accompanying notes to the interim consolidated financial statements form an integral part of these interim consolidated financial statements. T. 4622157994600 F. 462 215296 4136
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Indonesia Stock Exchange
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PT Amman Mineral Nusa Tenggara
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PT Amman Mineral Industri
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Ministry of Trade
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Minister of Finance
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