20240313_DOID_Laporan Informasi dan Fakta Material_31596365_lamp1.pdf

Cash costs, excluding fuel per bcm, increased by 8%, driven largely by the ramp-up in volumes at BUMA
Australia aimed at meeting customer demands. Further, employee costs and the cost of spare-parts –
including materials for tires, and drilling & blasting activities – also increased due to inflationary
pressures. However, these increases were partially offset by the Group’s continued efforts in driving cost
efficiencies through technology and operational-led excellence.

Capital Expenditure (CAPEX) declined by 20% YoY, bringing it to USD 121 million. This reduction was
attributed to the successful completion of project ramp-ups in Indonesia, aligning within the 2023
guidance of USD 105 million to USD 145 million. Maintaining strict control over CAPEX remains the
Group’s priority.

Corporate Diversification Paying Off

Dian Andyasuri, Director at Delta Dunia Group, emphasized the strategic transformation of the
company's product mix in response to global shifts towards a low-carbon economy. “As we are adapting
to the declining demand for thermal coal, we're capitalizing on the robust demand for metallurgical coal,
which continues to be pivotal for steel production. This intentional transition is a cornerstone of our
diversification strategy, already yielding substantial results. Metallurgical coal and infrastructure now
represent a significant 19% of our revenue, steering us towards our goal of reducing our reliance on
thermal coal to 50% by 2028. Such progress reflects our commitment to sustained performance and
strategic growth.”

Successful Capital Management Strategy

In FY2023, Delta Dunia Group significantly strengthened its balance sheet and achieved a 10-year low
net debt to EBITDA ratio of 1.65x, a notable decrease from 2.19x in FY2022. The Group also
experienced a substantial increase in operating cash flows, reaching USD 376 million, up 91% from the
previous year. Additionally, free cash flow rose to USD 233 million. These improvements were driven by
a record EBITDA performance, improved working capital management, and a higher tax refund achieved
for the Group.

Through its share buyback program, the Group successfully repurchased 1,284,502,100 shares. This
significant buyback represents approximately 14.9% of Delta Dunia Group’s outstanding shares as of
August 4th, 2023. Furthermore, in FY 2023, the Group purchased USD 34.3 million of its Senior Notes.
These strategic financial moves not only reflect the Group’s commitment to enhancing shareholder value
but also its prudent management of capital, aligning with its long-term financial strategies.

The diversification of funding sources in FY2023 stood as a testament to the sustained trust from both
existing and new financial partners, marking a significant milestone for Delta Dunia Group. Notably, the
Group secured comprehensive financing facilities, including (i) a 6-year USD 750 million Syndicated
financing facility with PT Bank BNI (Persero) Tbk and PT Bank Mandiri Tbk for refinancing and further
growth plans; (ii) the first Shariah financing syndicated facility of USD 60 million from PT Bank Muamalat
Tbk; and (iii) the first IDR bonds issuance of IDR 636 billion (USD 41 million), expanding beyond the
Group’s existing USD bond facilities. Through the successful diversification of its capital sources, the
Group has achieved favorable refinancing for the 2026 debt repayment obligations, which has improved
its debt maturity profile.

Dian further added, “Delta Dunia Group has achieved record-low debt levels as a result of our strong
financial discipline and the deleveraging of our balance sheet. Coupled with our proactive capital
structure strategy, we were able to achieve a strong net cash position, which will ensure that the Group


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remains well-placed to weather current market uncertainties and identify opportunities for continued
growth. Concurrently, our ESG commitments anchor our efforts in advancing the global shift towards a
low-carbon economy. In 2023, our ESG efforts achieved a Sustainalytics score of 32, putting us in the
second-highest performer in the global coal sub-industry and among the top 15% in the global oil and
gas industry, highlighting our strong commitment to ESG principles. With a dual focus on fiscal
responsibility and environmental stewardship, we are dedicated to driving profitability and increasing
shareholder value, ensuring Delta Dunia Group's resilience and prosperity in a sustainable future."


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About PT Delta Dunia Makmur Tbk (Delta Dunia Group):
Established in 1990, PT Delta Dunia Makmur Tbk (Delta Dunia Group) is a prominent holding company operating in
Indonesia and Australia. Our principal subsidiary, PT Bukit Makmur Utama (BUMA), is a leading provider of mining services
to some of the largest coal producers in Indonesia and Australia (BUMA Australia Pty Ltd).

In 2023, Delta Dunia Group expanded its portfolio with the addition of two new subsidiaries: PT Bukit Teknologi Digital (B-
TECH), offering comprehensive mining technology solutions that empower companies within the mining industry, and PT
BISA Ruang Nuswantara (BIRU), a social entity dedicated to education, vocational schools, and fostering a circular economy.

Listed on the Indonesia Stock Exchange (IDX Code: DOID), Delta Dunia Group is headquartered in Jakarta, Indonesia, and
is supported by a workforce of over 16,000 employees across Indonesia and Australia.

For further information, please contact:
PT Delta Dunia Makmur Tbk.
Corporate Communications
South Quarter Tower A, Penthouse Floor
Jl R.A. Kartini Kav. 8, Cilandak Barat Jakarta 12430
Phone: +6221 3043 2080
Email: communications@deltadunia.com
Website: www.deltadunia.com



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