Analyst Meeting 1Q17
PT El usa T k
A al st Meeti g Q
.el usa. o.id
Age da
COMPANY
PROFILE
FINANCIAL
PERFORMANCE
“TRATEGY &
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 “olutio “e i es
Visio : Reputa le E e g “e i es Co pa
Offsho e
O sho e
E plo atio
De elop e t
& I stallatio
Ope atio &
A a do e t
Seis i
P o essi g
& Refi e
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 / “uppo t
P o idi g Total “olutio
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
“ha eholde & Ma age e t “t u tu e
ELNU“A as ope ati g Holdi g
Co pa : “eis i & Oilfield
“e i es
PERTAMINA as o t olli g
sha eholde & ajo lie t
PT PERTAMINA
PER“ERO
, %
PT El usa Oilfield Se i es
PT El usa Geosai s Se i es
DANA PEN“IUN
PERTAMINA
, %
. %
PUBLIC
, %
. %
. %
Oil & Gas “uppo t “e i es
I teg ated Upst ea
Oil & Gas “e 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
“e i es
PT El usa Pet ofi
, %
PT El usa Pat a Ritel
, %
Asi g
A a ds & A hie e e ts
El usa a o pete with wo ld lass o pa ies i te
pe fo a es.
H“E e og itio NO Lost Ti e I ide t f o
Pe ta i a EP i D Seis i Su e P oje t Te pi o
Deep Ja i , Ke ali Asa & Blo k Oga South Su at a
The Best Co tractor
‐
f o Total E&P
I do esie
s of ope atio al a d safety
The Mahaka Award
f o Total E&P
I do esie, fo High Risk
Contractor Category
Yea s
‐
ithout DAFW f o
Che o .
‐
ea s ithout Lost Ti e
I ide t
‐
f o
PHE ONWJ
INAMETA has ee
e og ized as the Best of
I dust ial Appli atio s
The Best Pe fo e
A hie e e t i H“E
Pe fo a e
‐
f o VICO
COMPANY
PERFORMANCE
Fi a ial Highlights
INCOME STATEMENT
Q
Q
% 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 up . % due to highe g o th i dist i utio & logisti usi ess
th ough ou su sidia El usa Pet ofi a d a i e seis i despite de li i g
la d seis i a d DOS usi ess.
Cost of e e ue i eased % ostl f o di e t ate ial, dep e iatio
a d fuel e pe ses.
Despite highe e e ue, p ofita ilit d opped due to slo a ti ities i
upst ea se i es hi h o all gi es ette a gi o pa ed to
dist i utio & logisti usi ess.
Fi a ial Highlights
BALANCE SHEET
Q
Q
% Cha ge
Cash & E ui ale ts
%
%
. %
A ou t Re ei a les
%
%
. %
Total Assets
A ou t Pa a les & A
“ho t Te
Ba k Loa
Lo g Te
Ba k Loa
uals
.
%
.
%
%
. %
%
%
. %
%
%
. %
. %
.
%
Total Lia ilities
.
%
.
%
Total E uit
.
%
.
%
. %
. %
Sho t te loa i eased . % hile lo g te loa de li ed . %
as e shift ou i est e t loa poli
ith o e app op iate sho t
te loa a d also edu i g i te est e pe se.
Total assets de li ed due to d op i ash & e ui ale ts a d a ou t
e ei a les.
“eg e t Highlights
Q
Q
%
DOS
GSC
EPN
Othe s
%
%
Q
Re e ue
Co t utio
%
%
D illi g &
Oilfield
“e i es
‐
“eis i
“e i es
%
‐
‐
%
%
%
T a spo tatio ,
Logisti &
Othe “e i es
%
%
Re e ue & G oss Ma gi
%
IDR B
D illi g & Oilfield Se i es e e ue de li ed % to Rp
ostl aused
slo i g a ti ities of
e pi ed lo ks i Kali a ta .
Seis i Se i es do
% to Rp
as i st ua te seis i la d p oje t has just sta ted a d ill
e ge e ate e e ue i se o d half of the ea .
I Su sidia ies, e e ue f o logisti & dist i utio se i es EPN ju ped satisfa to
%.
EL“A “to k Pe fo
Volu e
a e
Pi e
Rp
/
Rp
/
Rp
/
Rp
/
Ja ‐
Fe ‐
Ma ‐
Ap ‐
Ma ‐
Ju ‐
Jul‐
Aug‐
Sep‐
O t‐
No ‐
De ‐
Ja ‐
Fe ‐
Ma ‐
Ap ‐
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 EL“A as Rp
a d lo est
p i e as Rp
.
i De e e
, the losi g 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
The Best Co t a to i Delta Mahaka
ELNU“A “e i es i Delta Mahaka
H d auli Wo ko e &
S u i g
Fo the thi d ti e, ELNU“A e ei ed The Mahaka
A a d & The Best Co t a to fo atego of “afet
Pe fo a e of High Risk Co t a t >
,
Ma hou s
i TOTAL EP INDONE“IE’s H“E Co
u i atio Fo u
.
ELNU“A 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
“TRATEGY &
DEVELOPMENT
I dust Update : Oil p i e is p oje ted to e o e g aduall
Seis i ‐ D k
,
Seis i ‐ D s k
,
,
,
,
,
Most of oil & gas a ti ities e e de li ed i
o pa ed to
.
Based o SKK Migas,
oil & gas udget
do a out %.
It o se ed the e a e u e s of e pi ed
oil & gas lo ks this ea a d the follo i g
ea s.
A
A
P
E plo atio D illi g # of ell
De elop e t D illi g # of ell
E pi ed Blo ks
A
P
Wo ko e # of a ti ities
Well Se i es # of a ti ities
,
‐
,
,
A
,
,
A
A
P
I dust Update : Glo al Co petito Highlights
–
Re e ue G o th
Q – Q
Re e ue G o th
%
‐ %
‐
%
‐
%
‐
%
‐
‐
%
‐
–
Net P ofit G o th
‐
‐
%
‐
SLB
%
‐
%
‐
%
%
‐
WFT
BHI
%
%
Q – Q
Net P ofit G o th
%
HAL
%
%
ELSA
%
%
%
‐
SLB
HAL
WFT
BHI
ELSA
%
El usa ‐ E pi ed Blo ks Co t i utio
Re e ue Co t i uto to DOS
M USD
T a sitio Pe iod
Total EP
Che o
F
VICO
El usa has ee o ki g i East Kali a ta Blo ks fo ea s
.
.
.
Mahaka Total EP –
Sa ga Sa ga VICO ‐
Attaka & East Kal Che o –
/
Those lo ks o t i utes a ou d % ‐ % to DOS seg e t e e ue ea h ea .
Fo the past ea s, o t i utio of those lo ks e e de li i g due to all of the ill e e pi ed a d
the o e ship ill go to Pe ta i a afte its offi iall etu ed to go e
e t.
<
Busi ess “t ateg
“TABILITY
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
“ele ti e “e i es i No ‐E e g “e to
Opti ize
I teg ate
Di e sif
Ma ket Pe et atio i Ma i e “uppo t “e 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
EL“A REGENT
I do esia Flag ‐ Ma i e “eis 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
,
>
– ,
MMSCFD
Fla e to Powe
Fla e Gas I do esia
Polusi li gku ga
CO & H S
Kewaji a Opti alisasi
pe a faata fla e gas da i
Pe e i tah
Ele t i up to
kw/u it
s fd
, –
El usa
Fla e Gas
Solutio
Mi .
s fd
Fla e to Li uid
gas
NGL li uid
Co de sate li uid
s fd
Fla e to LNG
, ‐
s fd
CNG
Fla e to CNG
Ke D i e s
CH
Clie ts eeds to o pl ith egulatio
Oil Co pa eeds to edu e the oil lifti g ost
S ale Up
Pote tial additio al i o e fo PSC
I do esia LPG i po t keep i easi g
T ial o Lo atio
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 Q
.el usa. o.id
Age da
COMPANY
PROFILE
FINANCIAL
PERFORMANCE
“TRATEGY &
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 “olutio “e i es
Visio : Reputa le E e g “e i es Co pa
Offsho e
O sho e
E plo atio
De elop e t
& I stallatio
Ope atio &
A a do e t
Seis i
P o essi g
& Refi e
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 / “uppo t
P o idi g Total “olutio
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
“ha eholde & Ma age e t “t u tu e
ELNU“A as ope ati g Holdi g
Co pa : “eis i & Oilfield
“e i es
PERTAMINA as o t olli g
sha eholde & ajo lie t
PT PERTAMINA
PER“ERO
, %
PT El usa Oilfield Se i es
PT El usa Geosai s Se i es
DANA PEN“IUN
PERTAMINA
, %
. %
PUBLIC
, %
. %
. %
Oil & Gas “uppo t “e i es
I teg ated Upst ea
Oil & Gas “e 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
“e i es
PT El usa Pet ofi
, %
PT El usa Pat a Ritel
, %
Asi g
A a ds & A hie e e ts
El usa a o pete with wo ld lass o pa ies i te
pe fo a es.
H“E e og itio NO Lost Ti e I ide t f o
Pe ta i a EP i D Seis i Su e P oje t Te pi o
Deep Ja i , Ke ali Asa & Blo k Oga South Su at a
The Best Co tractor
‐
f o Total E&P
I do esie
s of ope atio al a d safety
The Mahaka Award
f o Total E&P
I do esie, fo High Risk
Contractor Category
Yea s
‐
ithout DAFW f o
Che o .
‐
ea s ithout Lost Ti e
I ide t
‐
f o
PHE ONWJ
INAMETA has ee
e og ized as the Best of
I dust ial Appli atio s
The Best Pe fo e
A hie e e t i H“E
Pe fo a e
‐
f o VICO
COMPANY
PERFORMANCE
Fi a ial Highlights
INCOME STATEMENT
Q
Q
% 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 up . % due to highe g o th i dist i utio & logisti usi ess
th ough ou su sidia El usa Pet ofi a d a i e seis i despite de li i g
la d seis i a d DOS usi ess.
Cost of e e ue i eased % ostl f o di e t ate ial, dep e iatio
a d fuel e pe ses.
Despite highe e e ue, p ofita ilit d opped due to slo a ti ities i
upst ea se i es hi h o all gi es ette a gi o pa ed to
dist i utio & logisti usi ess.
Fi a ial Highlights
BALANCE SHEET
Q
Q
% Cha ge
Cash & E ui ale ts
%
%
. %
A ou t Re ei a les
%
%
. %
Total Assets
A ou t Pa a les & A
“ho t Te
Ba k Loa
Lo g Te
Ba k Loa
uals
.
%
.
%
%
. %
%
%
. %
%
%
. %
. %
.
%
Total Lia ilities
.
%
.
%
Total E uit
.
%
.
%
. %
. %
Sho t te loa i eased . % hile lo g te loa de li ed . %
as e shift ou i est e t loa poli
ith o e app op iate sho t
te loa a d also edu i g i te est e pe se.
Total assets de li ed due to d op i ash & e ui ale ts a d a ou t
e ei a les.
“eg e t Highlights
Q
Q
%
DOS
GSC
EPN
Othe s
%
%
Q
Re e ue
Co t utio
%
%
D illi g &
Oilfield
“e i es
‐
“eis i
“e i es
%
‐
‐
%
%
%
T a spo tatio ,
Logisti &
Othe “e i es
%
%
Re e ue & G oss Ma gi
%
IDR B
D illi g & Oilfield Se i es e e ue de li ed % to Rp
ostl aused
slo i g a ti ities of
e pi ed lo ks i Kali a ta .
Seis i Se i es do
% to Rp
as i st ua te seis i la d p oje t has just sta ted a d ill
e ge e ate e e ue i se o d half of the ea .
I Su sidia ies, e e ue f o logisti & dist i utio se i es EPN ju ped satisfa to
%.
EL“A “to k Pe fo
Volu e
a e
Pi e
Rp
/
Rp
/
Rp
/
Rp
/
Ja ‐
Fe ‐
Ma ‐
Ap ‐
Ma ‐
Ju ‐
Jul‐
Aug‐
Sep‐
O t‐
No ‐
De ‐
Ja ‐
Fe ‐
Ma ‐
Ap ‐
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 EL“A as Rp
a d lo est
p i e as Rp
.
i De e e
, the losi g 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
The Best Co t a to i Delta Mahaka
ELNU“A “e i es i Delta Mahaka
H d auli Wo ko e &
S u i g
Fo the thi d ti e, ELNU“A e ei ed The Mahaka
A a d & The Best Co t a to fo atego of “afet
Pe fo a e of High Risk Co t a t >
,
Ma hou s
i TOTAL EP INDONE“IE’s H“E Co
u i atio Fo u
.
ELNU“A 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
“TRATEGY &
DEVELOPMENT
I dust Update : Oil p i e is p oje ted to e o e g aduall
Seis i ‐ D k
,
Seis i ‐ D s k
,
,
,
,
,
Most of oil & gas a ti ities e e de li ed i
o pa ed to
.
Based o SKK Migas,
oil & gas udget
do a out %.
It o se ed the e a e u e s of e pi ed
oil & gas lo ks this ea a d the follo i g
ea s.
A
A
P
E plo atio D illi g # of ell
De elop e t D illi g # of ell
E pi ed Blo ks
A
P
Wo ko e # of a ti ities
Well Se i es # of a ti ities
,
‐
,
,
A
,
,
A
A
P
I dust Update : Glo al Co petito Highlights
–
Re e ue G o th
Q – Q
Re e ue G o th
%
‐ %
‐
%
‐
%
‐
%
‐
‐
%
‐
–
Net P ofit G o th
‐
‐
%
‐
SLB
%
‐
%
‐
%
%
‐
WFT
BHI
%
%
Q – Q
Net P ofit G o th
%
HAL
%
%
ELSA
%
%
%
‐
SLB
HAL
WFT
BHI
ELSA
%
El usa ‐ E pi ed Blo ks Co t i utio
Re e ue Co t i uto to DOS
M USD
T a sitio Pe iod
Total EP
Che o
F
VICO
El usa has ee o ki g i East Kali a ta Blo ks fo ea s
.
.
.
Mahaka Total EP –
Sa ga Sa ga VICO ‐
Attaka & East Kal Che o –
/
Those lo ks o t i utes a ou d % ‐ % to DOS seg e t e e ue ea h ea .
Fo the past ea s, o t i utio of those lo ks e e de li i g due to all of the ill e e pi ed a d
the o e ship ill go to Pe ta i a afte its offi iall etu ed to go e
e t.
<
Busi ess “t ateg
“TABILITY
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
“ele ti e “e i es i No ‐E e g “e to
Opti ize
I teg ate
Di e sif
Ma ket Pe et atio i Ma i e “uppo t “e 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
EL“A REGENT
I do esia Flag ‐ Ma i e “eis 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
,
>
– ,
MMSCFD
Fla e to Powe
Fla e Gas I do esia
Polusi li gku ga
CO & H S
Kewaji a Opti alisasi
pe a faata fla e gas da i
Pe e i tah
Ele t i up to
kw/u it
s fd
, –
El usa
Fla e Gas
Solutio
Mi .
s fd
Fla e to Li uid
gas
NGL li uid
Co de sate li uid
s fd
Fla e to LNG
, ‐
s fd
CNG
Fla e to CNG
Ke D i e s
CH
Clie ts eeds to o pl ith egulatio
Oil Co pa eeds to edu e the oil lifti g ost
S ale Up
Pote tial additio al i o e fo PSC
I do esia LPG i po t keep i easi g
T ial o Lo atio
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
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