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20240422_ESSA_Laporan Informasi dan Fakta Material_31628314_lamp1.pdf
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Page 1
ESSA Reports Good 1Q24 Performance Driven by Enhanced
Productivity and Cost Discipline
Jakarta, 22 April 2024 – PT ESSA Industries Indonesia Tbk. (formerly known as PT Surya Esa
Perkasa Tbk.) (“ESSA”), a publicly listed company engaged in the Energy and Chemical sectors through
its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant reported 1Q24 revenue of USD 73.8
million, a decrease of 16% YoY. However, EBITDA increased by 41% YoY to USD 31.5 million in the first-
quarter of 2024.
Revenue (USD Million) EBITDA (USD Million) Net Profit* (USD Million)
88 ↆ16%
74
↑41%
32 ↑228%
22 10
3
1Q23 1Q24 1Q23 1Q24 1Q23 1Q24
*)Attributable to Shareholder of the Company
Despite a 51% YOY decrease in Ammonia prices to USD 344/MT in 1Q24, higher production volumes
as well as lower costs contributed to the increase in EBITDA. A decline in Ammonia prices caused by
geopolitical issues in the Middle East and the Red Sea area in early 2024, seemed to have bottomed out
in March, subsequently exhibiting an upward trajectory. ESSA expects ammonia prices to remain at
similar levels to 2023. Meanwhile, LPG prices have demonstrated a robust rebound amid OPEC+ oil
production cuts.
Quarterly Revenue & EBITDA (USD Million) Quarterly Ammonia & LPG Realized Price (USD/MT)
708 625
606
517
112.3 465
684
87.8
80.3 73.8 502
64.5
57.2 344
297 294
24.0 24.4 31.5
17.7
1Q23 2Q23 3Q23 4Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q24
EBITDA Revenue Ammonia Price LPG Price
ESSA remains steadfast in its commitment to manufacturing excellence, environmental sustainability,
and adapting to industry evolution. ESSA remains focused on seeking new opportunities for growth and
continues to seek opportunities tied to its core strengths.
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor T +62 21 2988 5600
Jl. Prof. Dr. Satrio Kav. 3-5 F +62 21 2988 5601
Jakarta 12940, Indonesia www.essa.id Page 1 of 4
Page 2
For further information, please visit our website www.essa.id or contact:
Shinta D. U. Siringoringo M. Aditya
Corporate Secretary Media Relations Team
Phone: +62 21 2988 5600 Phone: +62 812 9548 6465
Email: corpsec.eii@essa.id Email: investor.relations@essa.id
***
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor T +62 21 2988 5600
Jl. Prof. Dr. Satrio Kav. 3-5 F +62 21 2988 5601
Jakarta 12940, Indonesia www.essa.id Page 2 of 4
Page 3
ESSA Catatkan Kinerja Solid di Kuartal Pertama 2024 Didukung
Peningkatan Produktivitas dan Pengendalian Biaya yang Optimal
Jakarta, 22 April 2024 – PT. ESSA Industries Indonesia Tbk. (dahulu PT Surya Esa Perkasa Tbk.)
(“ESSA”), perusahaan tercatat yang bergerak di sektor Energi dan Kimia melalui kilang LPG (Liquefied
Petroleum Gas) dan pabrik Amoniak, melaporkan pendapatan sebesar USD 73,8 juta, mengalami
penurunan sebesar 16% YoY. Sementara itu, EBITDA meningkat 41% YoY mencapai USD 31,5 juta dalam
catatan kuartal pertama Tahun 2024.
Pendapatan (Juta USD) EBITDA (Juta USD) Laba Bersih* (Juta USD)
88
ↆ16%
74
↑41%
32 ↑228%
22 10
3
1Q23 1Q24 1Q23 1Q24 1Q23 1Q24
*) Yang Dapat Diatribusikan kepada Pemegang Saham Perusahaan
Meskipun, harga realisasi Amoniak ESSA mengalami penurunan sebesar 51% YoY menjadi rata-rata USD
344/MT pada 1Q24, peningkatan volume produksi dan penurunan biaya berkontribusi pada
peningkatan EBITDA. Penurunan harga Amoniak, dipicu oleh masalah geopolitik di Timur Tengah dan
kawasan Laut Merah pada awal 2024, yang mencapai titik terendahnya pada bulan Maret 2024, dan
selanjutnya menunjukkan tren peningkatan. ESSA memperkirakan harga amoniak akan tetap berada
pada level yang serupa dengan Tahun 2023. Sementara itu, harga LPG menunjukkan peningkatan yang
cukup kuat di tengah pemotongan produksi minyak negara – negara anggota OPEC+.
Pendapatan & EBITDA Kuartalan (Juta USD) Harga Realisasi Amoniak & LPG Kuartalan (USD/MT)
708 625
606
517
112.3 465
684
87.8
80.3 73.8 502
64.5
57.2 344
297 294
24.0 24.4 31.5
17.7
1Q23 2Q23 3Q23 4Q23 1Q24 1Q23 2Q23 3Q23 4Q23 1Q24
EBITDA Revenue
Pendapatan Harga Amoniak
Ammonia Price Harga
LPG LPG
Price
ESSA senantiasa mengukuhkan komitmennya pada manufacturing excellence, keberlanjutan
lingkungan, dan adaptasi terhadap dinamika industri yang terus berkembang. Dengan fokus yang tak
berubah pada inovasi dan pertumbuhan, ESSA terus menjajaki peluang-peluang baru yang sejalan
dengan keunggulan kompetensi yang dimiliki.
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor T +62 21 2988 5600
Jl. Prof. Dr. Satrio Kav. 3-5 F +62 21 2988 5601
Jakarta 12940, Indonesia www.essa.id Page 3 of 4
Page 4
Untuk informasi lebih lanjut, kunjungi website kami di www.essa.id atau hubungi:
Shinta D. U. Siringoringo M. Aditya
Corporate Secretary Media Relations Team
T : +62 21 2988 5600 T : +62 812 9548 6465
E : corpsec.sep@essa.id E : investor.relations@essa.id
***
PT ESSA Industries Indonesia Tbk.
DBS Bank Tower 18th Floor T +62 21 2988 5600
Jl. Prof. Dr. Satrio Kav. 3-5 F +62 21 2988 5601
Jakarta 12940, Indonesia www.essa.id Page 4 of 4
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Industries Indonesia Tbk.
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Surya Esa Perkasa Tbk.
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Media Relations Team
· Corporate Secretary
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