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PGN Coping Challenges in Indonesia Natural Gas Industry - PowerPoint PPT Presentation

May 01, 2023 •306 likes •527 views

PGN Coping Challenges in Indonesia Natural Gas Industry www.pgn.co.id P T P e r u s a h a a n G a s N e ga ra T b k pgn360 gas_negara gas_negara PGN Energi baik #BerubahBarengPGN #EnergiBaik 2 DISCLAIMER The information contained in

  1. PGN Coping Challenges in Indonesia Natural Gas Industry www.pgn.co.id P T P e r u s a h a a n G a s N e ga ra T b k pgn360 gas_negara gas_negara PGN Energi baik #BerubahBarengPGN #EnergiBaik

  2. 2 DISCLAIMER The information contained in our presentation is intended solely for your personal reference. In addition, such information contains projections and forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These views are based on assumptions subject to various risk. No assurance can be given that further events will occur, that projections will be achieved, or that the Company’s assumptions are correct. Actual results may differ materially from those projected. ABOUT PGAS HEADQUARTER PT Perusahaan Gas Negara (Persero) Tbk (IDX:PGAS) Jl. K.H. Zainul Arifin No. 20 Jakarta, Indonesia is an Indonesia-based, state-owned and public-listed Website: www.pgn.co.id company engaging in the transmission and distribution of natural gas primarily in Indonesia. Investor Relations Contact: PT Perusahaan Gas Negara (Persero) Tbk Mid Tower Manhattan 26 th Floor Jl. TB Simatupang Kav. 1-S, Jakarta, Indonesia Email: investor.relations@pgn.co.id Phone: +62 21 8064 1111 gas_negara pgn360 gas_negara PGN Energi baik #BerubahBarengPGN #EnergiBaik

  3. Company Introduction 3 VISION M I S S I O N THE REPUBLIC PUBLIC To Become the World-Class OF INDONESIA To increase the Company’s 56.96% 43.04% Energy Company in Gas added values for stakeholders Business in 2020 through: • Customers G r o u p S t r u c t u r e * Energy needs fulfillment PT PGAS PT Saka Energi solution that is safe, value- Solution Indonesia added, economic, and 99.91% 99.99% increase the PT PGN LNG PT Nusantara Type Public competitiveness; Indonesia Regas PT Permata PT Transportasi Graha • Society Index IDX:PGAS Gas Indonesia 99.99% 40% Nusantara The improvement of welfare 59.87% Founded 13 May 1965 99.98% PT Gagas and sustainable economic PT PGAS Headquarter Jakarta Energi Telekomunikasi Saka growth through energy Indonesia Indonesia Nusantara KJG Pangkah CEO Jobi Triananda Hasjim independence and 99.88% 99.93% Ltd environmental conservation Industry Gas Transmission and Perkasa Saka Telemedia efforts; Distribution Energi Widar Dinamika Wokam Sarana • Shareholders /Investors Subsidiaries 8 Saka The creation of the optimal Saka PGAS Energi Total Assets USD 6.3 Billion (2017) Energi International and sustainable Company’s Sanga Sena Sumatera Sanga Ltd No. Employees 1,352 (2017) values through internal and Saka Saka Notes: 395 Subs Secondees Saka external synergies. Energi Energi Indonesia Bangkanai Muriah Website www.pgn.co.id Sesulu Saka Barat Ltd Energi Muara Saka Saka Saka Bakau Energi Ketapang Bangkanai Fasken LLC Klemantan Perdana

  4. 4 Business Coverage and Infrastructures Distribution Transmission Business Business Buying and selling Transporting gas of gas to customers by customers; suppliers III virtue of pipeline or off-takers through infrastructure in pipeline. The pipeline Medan three main areas in can also be function West Java, East Java as the backbone to Duri Batam and North Sumatera. distribution pipeline. 1 2 Palembang Operating in 3 Major Coverage  Area, 39 cities and 12 provinces Downstream 3 in Indonesia Lampung Business 4 Jakarta Transporting and Distributing  I Gas ±1,500 MMSCFD Surabaya II Semarang Developing ±7,453 km length  Gas pipeline network, 2 unit FSRU, Pipeline Network: Infrastructure 12 Gas Fueling Station, 4 MRU Distribution 5.169 km Transmission 2.284 km Total assets 11 blocks (8 blocks  Upstream in operation, 3 blocks in Business Transmission Pipeline Grissik – Duri exploration) 1 Increasing oil and gas Non-Pipe Gas Infrastructure  2 Transmission Pipeline Grissik – Batam – Singapore production and lifting to 3 Transmission Pipeline SSWJ ±39,233 BOEPD 4 Transmission Pipeline Kalija Other Supporting Upstream Business Business - 2 FSRU (Lampung dan Jawa Barat) Investing participating I Taking business opportunities Distribution West Java, Lampung, Palembang - 4 MRU (DKI, Gresik, Bandung) interest in PSC and along the natural gas value - 1 Cluster CNG (Jateng) operating oil and gas II chain; LNG, CNG, related gas Distribution East Java and Central Java blocks to support - 12 Gas Fueling Station (DKI, Bogor, Sukabumi, Purwakarta, business services, fiber optic Indonesia production Surabaya, Batam, Lampung) Distribution North Sumatra, Riau and Kepulauan Riau for telecommunication, III and lifting and to management of asset & hedge downstream facilities business

  5. Indonesia Gas Industry Challenges 2017 Challenging Time in Indonesia Gas Industry Low Oil Price Situation Energy Price Trend 2015 – 2017 (USD/mmbtu) 35.00 • Changes in gas consumption from electricity sector 30.00 due the low oil price and the over capacity situation 25.00 • Global economy and the end product competition USD/MMBtu 20.00 • High Competition in gas trading via pipeline market 15.00 • Regulation dynamics 10.00 5.00 0.00 Jan-15 Jun-15 Jan-16 Jun-16 Jan-17 Jun-17 Feb-15 Mar-15 Apr-15 May-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Feb-16 Mar-16 Apr-16 May-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Feb-17 Mar-17 Apr-17 May-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 LPG - 3 kg (Subsidi) LPG - 50 kg LPG Bulk Gasoline 88 Kerosene HSD (Solar) IDO/MDF/MDO MFO 180 Rata-rata PGN

  6. 5 12M-2017 Highlights Consolidated Statement of Comprehensive Income 4.000 2.970 2.935 2016 2017 Million USD 3.000 D O W N S T R E A M U P S T R E A M 2.172 2.048 2.000 797 830 887 Distribution Volume 807 1.000 377 444 143 Overall net lifting 304 772 MMSCFD ± 39,233 BOEPD - Revenues Cost of Gross Profit Operating Net Income EBITDA Sales Price Revenues Income ~ USD 8.54 /MMBTU Oil 8,995 BOEPD • Cost of Gas Consolidated Statements of Financial Position Gas 139 BBTUD • ~ USD 6.07 /MMBTU LNG 32 BBTUD • 2016 2017 (incl. LNG) 8.000 6.293 6.834 Million USD LPG 150 MTPD • 6.000 4.485 4.709 Transmission Volume 3.664 3.187 3.106 2.640 4.000 3.170 2.849 1.808 733 MMSCFD 2.125 C A P E X 2.000 467 815 (Incl. TGI & KJG) - Distribution & Others Upstream Current Non Current Total Assets Current Non Current Total Total Equity I N F R A S T R U C T U R E Assets Assets Liabilities Liabilities Liabilities 34% Pipeline Network 7,453 km Impact of USD 231 31 Dec 31 Dec OPERATING EXPENSE Macroeconomy Developed 175 km Million 2017 2016 in 2017 66%  Unfavorable gas market In Million USD conditions Distribution & Transmission 237 220  Contracting demand of General & Administration 203 234 EBITDA Contribution Revenue Contribution commodities TOTAL 440 454  Government’s incentives for fertilizer, 67% 33% 3% 81% 16% petrochemicals and Distribution & steel Upstream Upstream Distribution Others Others

  7. 6 Financial Performance Financial Ratios 31 Dec 2017 31 Dec 2016 Wtd Avg (after tax) EBITDA Margin (%) 28.0 27.5 5.51% EBITDA / Interest Expense (x) 5.6 6.1 Debt (Interest Bearing Debt)/ 75.1 91.6 Fixed Float Equity (%) 98% 2% Total Loan ROA (%) 13.2 11.8 USD 2.41 billion ROE (%) 4.5 9.6 Cash Flow (In Million USD) 31 Dec 2017 31 Dec 2016 USD JPY 82% 18% Beginning Balance 1.304 1.136 Cash flow from operating 578 656 Cash flow from investment (189) (501) As of 26 February 2018 Credit Rating Rating Outlook Cash flow from financing (648) (5) Moody’s Baa3 Positive Standar & Poor’s BBB- Stable Foreign Exchange Impact (18) 8 Fitch Ratings BBB- Stable Ending Balance 1.026 1.304 Pefindo idAAA Stable

  8. 7 Contribution - Distribution 865 900 824 850 802 803 772 800 Price of gas remained competitive than other energy sources Lower (MMscfd) 750 consumption in 700 2Q-2017 from 650 power sector and 600 industries Natural Gas - avg PGN 8,54 PGN Average Selling Price 550 LPG - 3 kg (Subsidized) 7,05 500 2013 2014 2015 2016 2017 -17% MFO 180 14,46 +70% 0,03% Wood LPG - 50 kg Industrial & Commercial 19,89 Industries and Power Plants 0,28% Lifting Oil Diversification +133% 0,47% 97.2% of total sales volume Cement incl. Power Sector Kerosene 20,14 1,09% CNG 769 MMScfd 1,741 Customers +136% 2,03% Textile IDO/MDF/MDO 19,20 3,17% Others Commercial & SME +125% 3,60% Basic Metal 2.5% of total sales volume Gasoline 88 20,62 4,86% Glass +141% 1,991 Customers 4,86% Paper LPG - 12 kg 20,03 6,34% Fabricated Metal +135% Households Five Biggest 10,77% Ceramic HSD 21,00 Segments 0.4% of total sales volume 10,88% Food +146% 14,11% Chemical 192,489 Customers USD/MMBTU 37,51% Power Plant Exchange Rate USD/IDR : 13,548 (as of 31 Dec 2017)

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