Analyst Meeting | PT Elnusa Tbk | Trusted Energy Services Company
PT El usa T k
A al st Meeti g
.el usa. o.id
Age da
COMPANY
PROFILE
FINANCIAL
PERFORMANCE
STRATEGY &
DEVELOPMENT
COMPANY
PROFILE
Co pa Milesto es
‐
Esta lish e t
‐
IPO
.
.
.
sha es
E te ed seis i usi ess, oilfied
se i es, data a age e t a d
fuel t adi g usi ess
‐
‐
El usa
Tu a ou d
P og a
No o e di est e t of
PT I fo edia
Nusa ta a
‐
The da of
lo oil p i e
i pa ted to
i dust
Re italizi g Hu a
Resou es
Va uishi g
Challe ges th ough
I ge ious
I p o e e ts
El usa Total Solutio Se i es
Visio : Reputa le E e g Se i es Co pa th ough Total Solutio
Offsho e
O sho e
E plo atio
De elop e t
& I stallatio
Ope atio &
A a do e t
Seis i
Logisti &
& Refi e
Mai te a e
D illi g Se i es
Well Se i es
Seis i
Well Se i es
Suppo t E uip e t Fa i atio
E uip e t / Suppo t
P o essi g
& Refi e
OCTG T adi g & Th eadi g
Suppo t Vessel
Che i al
T u ki g
Data Ma age e t
Fleet & Depo
Ma age e t
Sha eholde & Ma age e t St u tu e
ELNUSA as ope ati g Holdi g
Co pa : Seis i & Oilfield
Se i es
PERTAMINA as o t olli g
sha eholde & ajo lie t
PT PERTAMINA
PERSERO
, %
PT El usa Oilfield Se i es
PT El usa Geosai s Se i es
DANA PENSIUN
PERTAMINA
, %
. %
PUBLIC
, %
. %
. %
Oil & Gas Suppo t Se i es
I teg ated Upst ea
Oil & Gas Se i es
I di idu
Do estik
Bada Usaha
Do estik
PT El usa Fa ikasi Ko st uksi
, %
PT Pat a Nusa Data
, %
PT Sig a Cipta Uta a
, %
PT El usa T a s Sa ude a
, %
, %
, %
Logisti & Dist i utio
Se i es
PT El usa Pet ofi
, %
PT El usa Pat a Ritel
, %
Asi g
COMPANY
PERFORMANCE
Fi a ial Highlights – M
INCOME STATEMENT
M
M
% Cha ge
Re e ue
.
%
.
%
. %
Cost of Re e ue
.
%
.
%
. %
. %
G oss P ofit
%
%
Ope ati g P ofit
%
%
. %
EBITDA
%
%
. %
Net P ofit
%
%
. %
IDR B
Re e ue do . % due to i pa t of slo a ti ities i oil & gas espe iall to ou
d illi g se i es usi ess.
We su esfull a aged ou ost a d effi ie hi h efle ted to the g o th of
ou ope ati g p ofit a d EBITDA.
Aside of lo e ope atio al a ti ities, et p ofit d opped . % this Septe e
as aused fo e loss of Rp
o pa ed to gai o fo e of Rp last
ea .
Fi a ial Highlights – M
BALANCE SHEET
M
M
% Cha ge
Cash & E ui ale ts
%
%
. %
A ou t Re ei a les
%
%
. %
Total Assets
.
A ou t Pa a les & A
Sho t Te
Ba k Loa
Lo g Te
Ba k Loa
uals
%
.
%
. %
%
%
. %
%
%
. %
%
%
. %
. %
Total Lia ilities
.
%
.
%
Total E uit
.
%
.
%
. %
A ou t e ei a les de li ed . % to Rp
due to a age e t’s
poli to sho te olle tio da s pe iod.
I te est ea i g de t d opped % to Rp
due to loa pa e t
of a ou d USD du i g pe iod i o de to opti ize ash positio
a d edu e i te est e pe ses a d as i pa ted to total Lia ilities
hi h de li ed . % to Rp ,
.
E uit up . % to Rp ,
as the i pa t of i p o ed etai ed
ea i gs.
Seg e t Highlights
M
DOS
GSC
EPN
Othe s
%
M
%
D illi g &
Oilfield
Se i es
%
‐
,
%
%
%
Re e ue
Co t utio
%
%
Seis i
Se i es
%
%
%
%
T a spo tatio ,
Logisti &
Othe Se i es
,
Re e ue & G oss Ma gi
D illi g & Oilfield Se i es e e ue de li ed % to Rp
o t a t te i atio , ut o the othe ha d, e u e tl
usi ess to o e the slo do i upst ea i dust .
Seis i Se i es up % to Rp
as p oje ts i Pe ta
I Su sidia ies, e e ue f o t a spo tatio se i es i
data a age e t e pe ie ed highe a ti ities.
%
,
IDR B
ostl aused d illi g usi ess
fo us o ope atio ai te a e
i a as pe fo ed satisfa to .
eased % hile a othe su sidia
ELSA Sto k Pe fo
Volu e
a e
Pi e
Rp
/
Rp
/
Rp
/
Rp
/
Rp
/
Ja ‐ Fe ‐ Ma ‐ Ap ‐ Ma ‐ Ju ‐ Jul‐ Aug‐ Sep‐ O t‐ No ‐ De ‐ Ja ‐ Fe ‐ Ma ‐ Ap ‐ Ma ‐ Ju ‐ Jul‐ Aug‐ Sep‐
Si e id
ELSA sto k pe fo a e te ds to ha e o elatio ith
oil p i e se ti e t.
Du i g
–
Septe e , highest p i e of ELSA as Rp
a d
lo est p i e as Rp
.
Up to Septe e
, the a e age p i e as Rp
a d a e age
olu e as
. Ma ket Cap as a ou d Rp . t illio .
This li uidit has ought ELSA to e i luded to LQ i de fo the
.
pe iod of August
– Ja ua
Co t a t P ofile
D illli g & Oilfield
Seis i
I USD
.
,
.
.
.
Ca
O e
Ne Co t a t
Total Co t a t
P oje tio
Ca
Fo
ad
Ca o e o t a t f o
as USD
, hi h o sisted of USD
,
f o
D illi g & Oilfield a d USD , f o Seis i .
Ne o t a t up to Septe e
a ou ted to USD , hi h a e USD
of
D illi g & Oilfield a d USD ,
of Seis i .
U til e d of De
total p oje t that is esti ated to e ealized ill e a out USD
,
.
Total Ca fo a d o t a t ill e a ou d USD
.
The Best Co t a to i Delta Mahaka
ELNUSA Se i es i Delta Mahaka
H d auli Wo ko e &
S u i g
Fo the thi d ti e, ELNUSA e ei ed The Mahaka
A a d & The Best Co t a to fo atego of Safet
Pe fo a e of High Risk Co t a t >
,
Ma hou s
i TOTAL EP INDONESIE’s HSE Co
u i atio Fo u
.
ELNUSA has ee ope ati g i Delta Mahaka fo Total
EP I do esie fo o e tha ea s si e
.
Wo k Ba ge
Coiled Tu i g, Well
Sti ulatio & Pu pi g
A o
odatio Wo k
Ba ge
Well Testi g & Sli kli e
Multi Pu pose Ba ge
STRATEGY &
DEVELOPMENT
I dust Update : Oil p i e is p oje ted to e o e g aduall
Glo al oil ude a ket essages IHS Ma ket :
Dated e t e pe ted to ise to a a e age of $ / l i
as the i pa t of deep spe di g uts
o p odu tio .
A ual o ld oil de a d g o th of just o e MM /d is a iti al assu ptio u de pi i g fo
the a ket to sta o e‐o ‐less ala ed th ough
.
The e is upside pote tial to ou suppl outlook fo so e a eas, despite the lo e p i e
e i o e t.
The post‐su
e t aje to of Saudi A a ia’s ude p odu tio ill e a ke sig post fo p i es.
Busi ess St ateg
STABILITY
Mai tai
P ofit
Help lie ts i
a i g out
effi ie
GROWTH
Di e sifi a‐
tio
De elop
I te al i p o e e t
Di e sifi atio to
i i ize isk
Pote tial recurri g
i co e
Fo us o E e g i Co e Busi ess
Sele ti e Se i es i No ‐E e g Se to
Opti ize
I teg ate
Di e sif
Ma ket Pe et atio i Ma i e Suppo t Se i es
E plo i g Ne Dis o e ies
Co t i uti g to Natio al Resou es
A I do esia P ide
ELSA REGENT
I do esia Flag ‐ Ma i e Seis i
Vessel
Highest seis i essel lo al o te t
i I do esia TKDN
Supe io oad a d seis i data
a uisitio & p o essi g
Effi ie t su e utilizatio th ough
high apa it D seis i essel
Full azi uth dataset fo su su fa e
illu i atio solutio
P odu t De elop e t : Fla e Gas
,
– ,
fd
Fla e to Po e se i e
Ele t i up to
k /u it
CH gas
, ‐
NGL li uid
fd
Co de sate li uid
Fla e Gas
Fla e to Li uid se i e
Ke D i e s
Clie ts eeds to o pl ith egulatio
Oil Co pa eeds to edu e the oil lifti g ost
Pote tial additio al i o e fo PSC
I do esia LPG i po t keep i easi g
Big Fla e gas pote tial i Pe ta i a fields
Ma ket E pa sio to Regio al A ea
I dia
D La d Seis i i ONGC &
D La d Seis i i Oil I dia
Ltd Te h i al E pe tise
Thaila d
S u i g se i es i
Che o Thaila d E&P
B u ei
Ma i e Suppo t &
S u i g Jo i Shell
B u ei
Alge ia
Seis i Rep o essi g
fo Pe ta i a Alge ia
E&P
O goi g p oje t / u de o t a t
P ospe t a ket
Mala sia
S u i g Se i es
i Pet o as
Mala sia
Well Testi g & TCP
se i es i Pet o as
Ca igali & o ko e
se i es i KPOC
Tha k You
DISCLAIMER :
The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance
should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of PT Elnusa Tbk (the
“Company“), nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever
arising from the use of this document or its contents or otherwise arising in connection with this document.
This document is being furnished to you solely for your information on a confidential basis and may not be reproduced, redistributed or passed on, in whole
or in part, to any other person. Any failure to comply with these restrictions may constitute a violation of the laws of any such other jurisdiction. By
accepting this document you agree to be bound by the foregoing limitations.
This document does not constitute or form part of an offer or invitation to purchase any shares in the Company and neither shall any part of it form the
basis of nor be relied upon in connection with any contract or commitment whatsoever. Any decision to purchase shares should be made solely on the basis
of information contained in the prospectus.
PT El usa T k.
G aha El usa
Jl. T.B. Si atupa g Ka . B
Jaka ta
, I do esia
Tel: + ‐
Fa : + ‐
.el usa. o.id
A al st Meeti g
.el usa. o.id
Age da
COMPANY
PROFILE
FINANCIAL
PERFORMANCE
STRATEGY &
DEVELOPMENT
COMPANY
PROFILE
Co pa Milesto es
‐
Esta lish e t
‐
IPO
.
.
.
sha es
E te ed seis i usi ess, oilfied
se i es, data a age e t a d
fuel t adi g usi ess
‐
‐
El usa
Tu a ou d
P og a
No o e di est e t of
PT I fo edia
Nusa ta a
‐
The da of
lo oil p i e
i pa ted to
i dust
Re italizi g Hu a
Resou es
Va uishi g
Challe ges th ough
I ge ious
I p o e e ts
El usa Total Solutio Se i es
Visio : Reputa le E e g Se i es Co pa th ough Total Solutio
Offsho e
O sho e
E plo atio
De elop e t
& I stallatio
Ope atio &
A a do e t
Seis i
Logisti &
& Refi e
Mai te a e
D illi g Se i es
Well Se i es
Seis i
Well Se i es
Suppo t E uip e t Fa i atio
E uip e t / Suppo t
P o essi g
& Refi e
OCTG T adi g & Th eadi g
Suppo t Vessel
Che i al
T u ki g
Data Ma age e t
Fleet & Depo
Ma age e t
Sha eholde & Ma age e t St u tu e
ELNUSA as ope ati g Holdi g
Co pa : Seis i & Oilfield
Se i es
PERTAMINA as o t olli g
sha eholde & ajo lie t
PT PERTAMINA
PERSERO
, %
PT El usa Oilfield Se i es
PT El usa Geosai s Se i es
DANA PENSIUN
PERTAMINA
, %
. %
PUBLIC
, %
. %
. %
Oil & Gas Suppo t Se i es
I teg ated Upst ea
Oil & Gas Se i es
I di idu
Do estik
Bada Usaha
Do estik
PT El usa Fa ikasi Ko st uksi
, %
PT Pat a Nusa Data
, %
PT Sig a Cipta Uta a
, %
PT El usa T a s Sa ude a
, %
, %
, %
Logisti & Dist i utio
Se i es
PT El usa Pet ofi
, %
PT El usa Pat a Ritel
, %
Asi g
COMPANY
PERFORMANCE
Fi a ial Highlights – M
INCOME STATEMENT
M
M
% Cha ge
Re e ue
.
%
.
%
. %
Cost of Re e ue
.
%
.
%
. %
. %
G oss P ofit
%
%
Ope ati g P ofit
%
%
. %
EBITDA
%
%
. %
Net P ofit
%
%
. %
IDR B
Re e ue do . % due to i pa t of slo a ti ities i oil & gas espe iall to ou
d illi g se i es usi ess.
We su esfull a aged ou ost a d effi ie hi h efle ted to the g o th of
ou ope ati g p ofit a d EBITDA.
Aside of lo e ope atio al a ti ities, et p ofit d opped . % this Septe e
as aused fo e loss of Rp
o pa ed to gai o fo e of Rp last
ea .
Fi a ial Highlights – M
BALANCE SHEET
M
M
% Cha ge
Cash & E ui ale ts
%
%
. %
A ou t Re ei a les
%
%
. %
Total Assets
.
A ou t Pa a les & A
Sho t Te
Ba k Loa
Lo g Te
Ba k Loa
uals
%
.
%
. %
%
%
. %
%
%
. %
%
%
. %
. %
Total Lia ilities
.
%
.
%
Total E uit
.
%
.
%
. %
A ou t e ei a les de li ed . % to Rp
due to a age e t’s
poli to sho te olle tio da s pe iod.
I te est ea i g de t d opped % to Rp
due to loa pa e t
of a ou d USD du i g pe iod i o de to opti ize ash positio
a d edu e i te est e pe ses a d as i pa ted to total Lia ilities
hi h de li ed . % to Rp ,
.
E uit up . % to Rp ,
as the i pa t of i p o ed etai ed
ea i gs.
Seg e t Highlights
M
DOS
GSC
EPN
Othe s
%
M
%
D illi g &
Oilfield
Se i es
%
‐
,
%
%
%
Re e ue
Co t utio
%
%
Seis i
Se i es
%
%
%
%
T a spo tatio ,
Logisti &
Othe Se i es
,
Re e ue & G oss Ma gi
D illi g & Oilfield Se i es e e ue de li ed % to Rp
o t a t te i atio , ut o the othe ha d, e u e tl
usi ess to o e the slo do i upst ea i dust .
Seis i Se i es up % to Rp
as p oje ts i Pe ta
I Su sidia ies, e e ue f o t a spo tatio se i es i
data a age e t e pe ie ed highe a ti ities.
%
,
IDR B
ostl aused d illi g usi ess
fo us o ope atio ai te a e
i a as pe fo ed satisfa to .
eased % hile a othe su sidia
ELSA Sto k Pe fo
Volu e
a e
Pi e
Rp
/
Rp
/
Rp
/
Rp
/
Rp
/
Ja ‐ Fe ‐ Ma ‐ Ap ‐ Ma ‐ Ju ‐ Jul‐ Aug‐ Sep‐ O t‐ No ‐ De ‐ Ja ‐ Fe ‐ Ma ‐ Ap ‐ Ma ‐ Ju ‐ Jul‐ Aug‐ Sep‐
Si e id
ELSA sto k pe fo a e te ds to ha e o elatio ith
oil p i e se ti e t.
Du i g
–
Septe e , highest p i e of ELSA as Rp
a d
lo est p i e as Rp
.
Up to Septe e
, the a e age p i e as Rp
a d a e age
olu e as
. Ma ket Cap as a ou d Rp . t illio .
This li uidit has ought ELSA to e i luded to LQ i de fo the
.
pe iod of August
– Ja ua
Co t a t P ofile
D illli g & Oilfield
Seis i
I USD
.
,
.
.
.
Ca
O e
Ne Co t a t
Total Co t a t
P oje tio
Ca
Fo
ad
Ca o e o t a t f o
as USD
, hi h o sisted of USD
,
f o
D illi g & Oilfield a d USD , f o Seis i .
Ne o t a t up to Septe e
a ou ted to USD , hi h a e USD
of
D illi g & Oilfield a d USD ,
of Seis i .
U til e d of De
total p oje t that is esti ated to e ealized ill e a out USD
,
.
Total Ca fo a d o t a t ill e a ou d USD
.
The Best Co t a to i Delta Mahaka
ELNUSA Se i es i Delta Mahaka
H d auli Wo ko e &
S u i g
Fo the thi d ti e, ELNUSA e ei ed The Mahaka
A a d & The Best Co t a to fo atego of Safet
Pe fo a e of High Risk Co t a t >
,
Ma hou s
i TOTAL EP INDONESIE’s HSE Co
u i atio Fo u
.
ELNUSA has ee ope ati g i Delta Mahaka fo Total
EP I do esie fo o e tha ea s si e
.
Wo k Ba ge
Coiled Tu i g, Well
Sti ulatio & Pu pi g
A o
odatio Wo k
Ba ge
Well Testi g & Sli kli e
Multi Pu pose Ba ge
STRATEGY &
DEVELOPMENT
I dust Update : Oil p i e is p oje ted to e o e g aduall
Glo al oil ude a ket essages IHS Ma ket :
Dated e t e pe ted to ise to a a e age of $ / l i
as the i pa t of deep spe di g uts
o p odu tio .
A ual o ld oil de a d g o th of just o e MM /d is a iti al assu ptio u de pi i g fo
the a ket to sta o e‐o ‐less ala ed th ough
.
The e is upside pote tial to ou suppl outlook fo so e a eas, despite the lo e p i e
e i o e t.
The post‐su
e t aje to of Saudi A a ia’s ude p odu tio ill e a ke sig post fo p i es.
Busi ess St ateg
STABILITY
Mai tai
P ofit
Help lie ts i
a i g out
effi ie
GROWTH
Di e sifi a‐
tio
De elop
I te al i p o e e t
Di e sifi atio to
i i ize isk
Pote tial recurri g
i co e
Fo us o E e g i Co e Busi ess
Sele ti e Se i es i No ‐E e g Se to
Opti ize
I teg ate
Di e sif
Ma ket Pe et atio i Ma i e Suppo t Se i es
E plo i g Ne Dis o e ies
Co t i uti g to Natio al Resou es
A I do esia P ide
ELSA REGENT
I do esia Flag ‐ Ma i e Seis i
Vessel
Highest seis i essel lo al o te t
i I do esia TKDN
Supe io oad a d seis i data
a uisitio & p o essi g
Effi ie t su e utilizatio th ough
high apa it D seis i essel
Full azi uth dataset fo su su fa e
illu i atio solutio
P odu t De elop e t : Fla e Gas
,
– ,
fd
Fla e to Po e se i e
Ele t i up to
k /u it
CH gas
, ‐
NGL li uid
fd
Co de sate li uid
Fla e Gas
Fla e to Li uid se i e
Ke D i e s
Clie ts eeds to o pl ith egulatio
Oil Co pa eeds to edu e the oil lifti g ost
Pote tial additio al i o e fo PSC
I do esia LPG i po t keep i easi g
Big Fla e gas pote tial i Pe ta i a fields
Ma ket E pa sio to Regio al A ea
I dia
D La d Seis i i ONGC &
D La d Seis i i Oil I dia
Ltd Te h i al E pe tise
Thaila d
S u i g se i es i
Che o Thaila d E&P
B u ei
Ma i e Suppo t &
S u i g Jo i Shell
B u ei
Alge ia
Seis i Rep o essi g
fo Pe ta i a Alge ia
E&P
O goi g p oje t / u de o t a t
P ospe t a ket
Mala sia
S u i g Se i es
i Pet o as
Mala sia
Well Testi g & TCP
se i es i Pet o as
Ca igali & o ko e
se i es i KPOC
Tha k You
DISCLAIMER :
The information in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance
should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of PT Elnusa Tbk (the
“Company“), nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever
arising from the use of this document or its contents or otherwise arising in connection with this document.
This document is being furnished to you solely for your information on a confidential basis and may not be reproduced, redistributed or passed on, in whole
or in part, to any other person. Any failure to comply with these restrictions may constitute a violation of the laws of any such other jurisdiction. By
accepting this document you agree to be bound by the foregoing limitations.
This document does not constitute or form part of an offer or invitation to purchase any shares in the Company and neither shall any part of it form the
basis of nor be relied upon in connection with any contract or commitment whatsoever. Any decision to purchase shares should be made solely on the basis
of information contained in the prospectus.
PT El usa T k.
G aha El usa
Jl. T.B. Si atupa g Ka . B
Jaka ta
, I do esia
Tel: + ‐
Fa : + ‐
.el usa. o.id