20240402_SUNI_Laporan Informasi dan Fakta Material_31622761_lamp2.pdf

Selain meningkatkan kepemilikan di RTM, SUNI juga akan meningkatkan kapasitas
produksi 2 kali lipat dengan pembangunan plant 2 RTM di Batam pada tahun 2024.

Direktur Utama PT Sunindo Pratama Tbk, Willy Johan Chandra menyatakan kinerja
SUNI tahun 2023 lampaui target Perseroan dengan implementasi beberapa langkah
strategis. “Pada tahun 2023, SUNI telah menjalin hubungan yang baik dengan
regulator secara aktif berpartisipasi dalam Forum Kapasitas Nasional (Kapnas)
bersama SKK Migas dan Ditjen Migas Kementerian ESDM. SUNI juga meningkatkan
kepemilikan saham pada RTM, guna menjamin ketersediaan produksi in-house OCTG
tubing serta menambah kapasitas produksi RTM dengan pembelian lahan dan mesin
untuk plant 2 di Batam. Selain itu, SUNI juga telah menjalin kerja sama strategis
dengan PT Elnusa Fabrikasi Konstruksi, Jiangsu Jinshi Machinery Group (JMP), and
PT Kris Setiabudi Utama untuk menyediakan produk yang memenuhi TKDN dan
berstandar internasional, serta melakukan proses IPO,” ungkap Willy.

Direktur Operasional PT Sunindo Pratama Tbk, Bambang Prihandono juga
menyampaikan tantangan saat ini yakni ketepatan waktu delivery produk ke
pelanggan. Untuk itu, SUNI terus melanjutkan langkah strategis pada tahun 2024
dengan meningkatkan penyertaan modal dan kapasitas produksi in-house di RTM.
Dengan penambahan fasilitas tersebut, SUNI optimistis dapat memenuhi kebutuhan
pelanggan baik secara volume maupun dari sisi waktu pengiriman.

“Pembangunan fasilitas ini juga nantinya akan mendukung upaya diversifikasi
produk industrial pipe dan memperluas pangsa pasar di dalam maupun luar negeri.
Perseroan menargetkan fasilitas plant 2 ini akan beroperasi pada tahun 2025 dan
dapat memberikan kontribusi positif terhadap kinerja operasional dan keuangan
Perseroan ke depan serta menjamin ketersediaan OCTG tubing. Pada tahun 2024,
SUNI juga akan menjalin joint venture bersama Jiangsu Jinshi Machinery Group
(JMP) dengan pembentukan PT Petro Synergy Manufacturing yang menjadi strategic
asset kedua bagi Perseroan untuk memproduksi wellhead in-house yang memenuhi
TKDN serta standar internasional,” tambah Bambang.

CFO dan Corporate Secretary PT Sunindo Pratama Tbk, Freddy Soejandy juga
menambahkan strategi jangka panjang SUNI ke depan tentunya membutuhkan dana
yang besar. Tentunya, SUNI akan terbuka untuk aksi korporasi di masa depan.
Perseroan juga telah menyediakan capital expenditure (capex) sebesar Rp432 miliar
untuk membangun plant 2 pada tahun 2024 dan telah menambah setoran modal ke
RTM sebesar Rp152,8 miliar untuk menjamin ketersediaan produksi OCTG tubing
in-house ke depannya.

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 Christmas Tree, Drill Bit, Completion Equipment
serta Wellhead 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.

               Boosting Year End Performance,
             SUNI Exceeds 2023 Net Profit Target
Jakarta, 1 April 2024. PT Sunindo Pratama Tbk (SUNI IJ) successfully boosted its
performance in 4Q 2023 with a net profit growth of 102.1% YoY, resulting in a net
profit of Rp100.9 billion by the end of 2023. This net profit achievement exceeded the
Company's 2023 target by 112.3%. The solid growth in net profit came from a 72,0%
YoY increase of revenue in 4Q 2023, leading to a total revenue of Rp762.4 billion by
the end of 2023, representing a 41.1% YoY growth. This revenue growth was driven
by a significant increase in sales segment, which grew by 84.5% YoY in 4Q 2023. By
the end of 2023, the Company recorded revenue from sales segment of Rp759.1
billion, an increase of 46.7% YoY. Revenue increased significantly in line with the
growth in sales volume of OCTG tubing and casing, which grew by 10.5% YoY and
334.4% YoY, respectively.

Along with the growth in net profit, the Company also managed to increase equity by
54.5% YoY to Rp588.3 billion and maintain financial ratios in accordance with credit
terms. One of these is maintaining the debt-to-equity ratio (DER) at 0.3 times, well
below the credit limit of 2.5 times. Total liabilities also increased by 32.9% YoY due
to an increase in financial debt to Rp73.4 billion compared to last year's debt of
Rp6.2 billion for the Company's investment and working capital. The increase in
financial debt remains prudent as SUNI still maintains a current ratio at 3.9 times and
holds a substantial amount more cash than its financial debt. With this very strong
balance sheet condition, SUNI still has the ability to settle its obligations and fund
future investments. Alongside the increased liabilities, mainly used for expansion,
the Company's assets also increased by 48.4% YoY, especially for building assets,
machinery, and inventory.

SUNI also managed to maintain a positive cash flow of Rp84.5 billion, or an increase
of 166.4% YoY in 4Q 2023. Cash flow from financing activities increased significantly
by 57.9 times until the end of 2023, reaching Rp174.1 billion, mainly from the IPO
proceeds. Cash flow from investment activities also increased by 26.7 times to
Rp121.3 billion due to the acquisition of PT Rainbow Tubulars Manufacture (RTM) in
Batam as SUNI’s strategic asset, which is highly vital for SUNI as RTM produces
seamless pipes/OCTG tubing in-house and ensures the availability of the Company's
products. In addition to increasing ownership in RTM, SUNI will also double its
production capacity with the construction of RTM's plant 2 in Batam in 2024.

The Chief Executive Officer of PT Sunindo Pratama Tbk, Willy Johan Chandra, stated
that SUNI's performance in 2023 exceeded the Company's targets with the
implementation of several strategic steps. "In 2023, SUNI established good relations
with regulators by actively participating in the National Capacity Forum (Kapnas)
with SKK Migas and the Directorate General of Oil and Gas Ministry of Energy and
Mineral Resources. also increased its ownership stake in RTM to ensure the
availability of in-house OCTG tubing production and expanded RTM's production
capacity by acquiring land and machinery for plant 2 in Batam. Additionally, SUNI has
entered into strategic partnerships with PT Elnusa Fabrikasi Konstruksi, Jiangsu

Jinshi Machinery Group (JMP), and PT Kris Setiabudi Utama to provide products
compliant with TKDN and international standards, as well as undergoing the IPO
process," Willy explained.

The Chief Operating Officer of PT Sunindo Pratama Tbk, Bambang Prihandono, also
highlighted the current challenge of timely product delivery to customers. Therefore,
SUNI continues its strategic steps in 2024 by increasing capital investment and
in-house production capacity at RTM. With these additional facilities, SUNI is
optimistic about meeting customer needs both in terms of volume and delivery time.

"The construction of this facility will also support efforts to diversify industrial pipe
products and expand market share both domestically and internationally. The
Company targets that this plant 2 facility will be operating in 2025 and can provide a
positive contribution to the Company's operational and financial performance in the
future, as well as ensuring the availability of OCTG tubing. In 2024, SUNI will also
establish a joint venture with Jiangsu Jinshi Machinery Group (JMP), establishing PT
Petro Synergy Manufacturing, which will become the Company's second strategic
asset to produce in-house wellheads that meet TKDN and international standards,"
added Bambang.

The Chief Financial Officer and Corporate Secretary of PT Sunindo Pratama Tbk,
Freddy Soejandy, also added that SUNI's long-term strategy ahead will certainly
require substantial funding. Basically, SUNI is open to the opportunity for corporate
actions in the future. The Company has also allocated a capital expenditure (capex)
of Rp432 billion to build plant 2 in 2024 and has increased its capital injection to
RTM by Rp152.8 billion to ensure the availability of in-house OCTG tubing production
in the future.


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 Christmas Tree equipment, Drill Bits, Completion
Equipment, as well as Wellhead 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.