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Public Expose Live 2020

Pemaparan Kinerja Triwulan 1 - 2020 PT Perusahaan Gas Negara Tbk

2

Laporan ini berisi pernyataan-pernyataan yang dapat dianggap sebagai pandangan masa depan (forward

looking statements) sehingga hasil-hasil nyata Perseroan, pelaksanaan atau pencapaian-pencapaiannya

dapat berbeda dari hasil yang diperoleh melalui pandangan masa depan (forward looking statements)

yang antara lain merupakan hasil dari perubahan-perubahan ekonomi dan politik baik nasional maupun

regional, perubahan nilai tukar valuta asing, perubahan harga dan permintaan dan penawaran pasar

komoditas, perubahan kompetisi perusahaan, perubahan undang-undang atau peraturan dan prinsip-

prinsip akuntansi, kebijakan-kebijakan dan pedoman-pedoman serta perubahan-perubahan asumsi-

asumsi yang digunakan dalam membuat pandangan masa depan (forward looking statements).

SANGKALAN DAN BATASAN TANGGUNG JAWAB:

TENTANG PGASPT Perusahaan Gas Negara Tbk (PGAS:IJ) adalah badan usaha di bidang

distribusi dan transportasi gas bumi di Indonesia. PGAS terus

memperkuat posisisnya di pasar dengan bertransformasi secara bertahap

menjadi perusahaan solusi energi yang terintegrasi dalam rangka

mendorong penggunaan gas bumi.

PGAS bergerak di bidang upstream, midstream, dan downstream minyak

dan gas di Indonesia. PGAS memiliki dan mengoperasikan jaringan pipa

gas bumi dengan panjang lebih dari 10.000km meliputi 96% jaringan pipa

gas bumi nasional. Portofolio upstream PGAS terdiri dari 11 blok minyak

dan gas yang ada di Indonesia, dan 1 asset shale gas di Houston, Amerika

Serikat. PGAS mempunyai 2 FSRU (Lampung dan Jawa Barat) dan fasilitas

regasifikasi di Arun. PGAS melalui entitas downstream-nya melayani lebih

dari 2.000 konsumen industri dan komersil.

PGAS menjadi bagian dari PT Pertamina (Persero) sejak 11 Maret 2018

sebagai bagian dari inisiatif Pemerintah membentuk Holding BUMN

Minyak dan Gas. Dengan mengakusisi 51% saham PT Pertamina Gas (dan

anak perusahaannya) pada 28 Desember 2018, PGAS telah secara resmi

menjadi perusahaan Sub Holding Gas.

Gambaran Umum Perusahaan Peristiwa Penting | The Sub-Holding Co | Kepemimpinan | Portfolio Bisnis | Struktur Bisnis | Respon Terhadap Covid-19 | Ikhtisar 3M-2020

Peristiwa Penting7

89

79

7

73

3

80

2

80

3

77

2

96

0

99

0

88

2

1,505

*3M-2020

1,591

2015 2018

1,3

42

2016

1,600

2017 2019

3,061 3,036

2,224

2,1

01

2,0

46

951 807 830874

3,069

2015 20182016 2017 3M-20202019

260

2,935 2,970

1,217

3,870

1,040

3,849

4,1394,737

3,1873,170

3,472 3,664

2016

3,023

3,106

2015 2017

3,202

2018

3,234

2019

4,655

3,282

3M-2020

Tota

l Lia

bili

ties

Tota

l Eq

uit

y

Distribusi (BBTUD)Transmisi (MMSCFD )

Pendapatan & EBITDA(Juta USD)

Kapitalisasi(Juta USD)

*) Excl. Processed Gas & TGI Volume

19982003 2007 2010

20182019

• Completion of Grissik – Duri

transmission pipeline

• Establishment of PT

Transportasi Gas Indonesia

(TGI) in 2002

• Completion of Grissik-

Batam-Singapore


• Listed Company (“PGAS”)

• Completion of SSWJ


• Establishment of PT PGAS

Telekomunikasi Nusantara

(PGASCOM)

Establishment of the

Sub-Holding Gas

Establishment of a JV

between Pertamina and

PGN: PT Nusantara Regas

2014

Operation of FSRU

Lampung

Completion of Kalija

transmission pipeline by KJG

20152016

Development of gas distribution

pipeline in Musi Banyuasin,

Bandar Lampung, DKI Jakarta

and Mojokerto.

• Business Alignment of Sub-Holding Gas

• The Transfer of the LNG, SPBG and

City Gas Business from Pertamina to

PGN as sub-holding gas.

5

The Sub-Holding Co.

Visi

Menjadi Perusahaan Gas Nasional Terkemuka Dunia untuk MasaDepan Berkelanjutan dan Kedaulatan Energi Nasional.

Misi

Menjalankan bisnis gas di bidang midstream, downstream, danusaha pendukung lainnya yang berkomitmen untuk meningkatkannilai bagi seluruh pemangku kepentingan dengan:1. Menyediakan gas dan mengembangkan infrastruktur untuk

pemanfaatan gas sebagai energi dan bahan baku untukmenciptakan nilai optimum bagi kepentingan pelanggan danmasyarakat

2. Menciptakan nilai tambah bagi pemegang saham dankaryawan, berwawasan lingkungan, mempunyai keunggulandan memprioritaskan keamanan

3. Melaksanakan prinsip-prinsip manajemen perusahaan secaraprofesional, bertanggung jawab dan berkelanjutan.

4. Mengatur bisnis untuk mendukung pemanfaatan gas danmanajemen bisnis yang berkelanjutan.

56,96%

43,04%Public

1 Serie A

6

Dewan Komisaris

Komisaris IndependenChristian H. Siboro

KomisarisLuky Alfirman

KomisarisWarih Sardono

• A Master of Business Administration& Management from PPM GraduateSchool of Management and ParisSchool of Business.

• Having no affiliation with members ofthe Board of Directors and othermembers of the Board ofCommissioners, as well as majorshareholders and/or controllers.

• A MA and PhD in Economic,University of Colorado

• Having an affiliation with theRepublic of Indonesia as thecontrolling shareholder, in hisposition as General Director ofFunding & Risk in Ministry ofFinance

• A Master of Law from University ofPadjadjaran and Doctoral Degreefrom University of Airlangga

• Having an affiliation with theRepublic of Indonesia as thecontrolling shareholder, in hisposition as Expert Advisor ofImplementation of Strategic Policy inMinistry of State-Owned Entities(BUMN)

Komisaris IndependenPaiman Raharjo

Komisaris IndependenKiswodarmawan

Komisaris Utama Arcandra Tahar

• Master and Ph.D. of OceanEngineering – Texas A&M University

• Having no affiliation with othermembers of the Board of Directorsand the Board of Commissioners, aswell as majority and/or controllingshareholders

• Previously served as Vice MinisterEnergy and Mineral Resources ofRepublic of Indonesia (2016 –2019)

• A Master of Economic Administrationfrom the University of Prof. Dr.Moestopo and Doctor ofAdministrative Sciences fromPadjajaran University

• Having no affiliation with members ofthe Board of Directors and othermembers of the Board ofCommissioners, as well as majorshareholders and/or controllers.

• A Bachelor of Civil Engineering fromITS, Surabaya.

• Previously served as ManagingDirector of Adhi Karya (Persero) Tbk

• Having no affiliation with othermembers of the Board of Directorsand the Board of Commissioners, aswell as majority and/or controllingshareholders

7

Direktur UtamaSuko Hartono

Direktur KeuanganArie Nobelta Kaban

Direktur KomersialFaris Aziz

• A Bachelor of ChemicalEngineering from Institute ofTechnology, Bandung (ITB)

• Serves as President Director ofPGN since May 15, 2020.

• Previously served as PresidentDirector of PT Pertamina Gas

• Bachelor and Master degreefrom University of Gajah Mada.

• Previously served as TeamLeader Investigation inCorruption EradicationCommission (KPK)

• Master of Management fromUniversity of Sumatera Utara(USU).

• Serves as a Director ofCommerce since May 15, 2020.Last position as as SVP SupplyDistribution & Infrastructure PTPertamina (Persero)

Direktur SDM & UmumBeni Syarif Hidayat

Direktur Infrastruktur & Teknologi

Redy Ferryanto

Direktur Strategi & Pengembangan Bisnis

Syahrial Mukhtar

• Bachelor of Social and PoliticalScience from University ofPadjadjaran, Bandung.

• Serves as HC and General AffairsDirector of PGN since May 15,2020. Last position as SVPHuman Capital Management PTPertamina (Persero)

• A Master degree in InternationalManagement from University ofPelita Harapan/UPH (HarvardUniversity Class).

• Serves as a Director since August30, 2019. Previously served as theDirector of Operational &Development PT EnergiManagement Indonesia

• A Bachelor of IndustrialEngineering ITB, Master ofManagement University of GajahMada and Doctor of ManagementStrategic University of Indonesia

• Previously served as CorporateSecretary PT. Pertamina (Persero)

Direksi

8

Foto terbaru

Portofolio BisnisSub Holding Gas

DOWNSTREAM

0

UPSTREAM

Oil and Gas ProductionNatural gas reserves in Indonesia are larger than oil. Saka Energi Indonesia is subsidiary of PGN that has business activities in the upstream business

MIDSTREAM

Through TGI, KJG and Pertagas, PGN maintain a very high reliability and operational infrastructure security. FSRU converts LNG into high-quality natural gas. PGN has 2 (two) FSRUs namely FSRU lampung and FSRU West Java and also land base regasification facility in Arun through Pertagas

Gas Transport Module (Gas Link) Gas Link is a solution for chanelling natural gas to location that are not connected to a gas pipeline

Commercial Customers MRU is the solution for natural gas filling station for trantation using CNG technology

> > > >

Power PlantsPower plant made from gas fuel is more environment friendly compared to oil fuel or coal

Commercial Customer Efficiency and reliability are important factor in distributing energy to commercial customers. PGN in this case can fulfil these needs

Household CustomerPGN has distributed gas to more that 300,000 household customers in 52 cities/regencies all over Indonesia

Gas Filling Station (SPBG) and Mobile Refueling Unit (MRU) Subsidiary, Gagas Energi Indonesia operates 16 SPBG at 11 cities in Java and Sumatra

Industrial SectorIndonesia’s growth is driven by the growth of its industrial sector. PGN continues trying to encourage fuel usage efficiency by distributing natural gas to various industrial area in Indonesia

9

Struktur Bisnis PGN Group

10

OUR PEOPLE OUR CUSTOMERS OUR BUSINESS OUR COMMUNITIES

▪ The safety and well-being of our people is our top priority. With this in mind, 95% of employees are now working from home (WFH) for the foreseeable future. While 5% of our people involved in critical operations continue at their normal workplace and we have processes in place to help protect them.

▪ Implementing the robust preventive protocols for health & safety e.g.: o Daily health reporting & monitoring via

internal online apps.o Increasing cleaning procedureso Practising social distancing in every

operating offices & facilities.o Masks and hand sanitizer for our

employees.

▪ Maintain benefit & compensation to employees at home during the COVID emergency situation.

▪ Keep providing health services:o Deployed clinical staff internally to

support on-line health consultancy during WFH

o Additional supplements & vitamins to our frontline operations.

▪ We are currently not experiencing any serious gas supply disruption due to coronavirus and our commitment to our customers and suppliers remains the same.

▪ Our customer services remain accessible through contact center and digital platform.

▪ As the impact of coronavirus – or COVID19 –touches some of our customers, we help customers surviving this outbreak by giving customer relief, such as: o Temporary contract amendment with ease

of process.o Temporary decrease the minimum

contract during the pandemic.o Reduce procedure to respond customer’s

request in increasing maximum contract, especially for food production related to COVID-19 handling.

▪ During this period of time, we are practicing ‘social distancing’ and minimizing physical contact in collecting data of residentials gas usage by having our residential customers sending the meter gas picture and estimation gas usage.

▪ We have business continuity plans in place to make sure we can continue to provide the energy for the country as well as to protect the health of our company, include efforts such as:

o Encouraging industry through the Ministry of Industry to utilize natural gas volume as allocated in the Kepmen ESDM No. 89.K/2020

o Finalized Letter of Agreement (LOA) with Upstream Co. to realize the upstream gas price of $ 4/MMBTU as stipulated in the Kepmen ESDM No. 89.K/2020

o ToP and SoP renegotiation with our suppliers and transporters due to lowering gas demand.

o Pursuing PGN's role as a Gas Aggregator for the implementation of Kepmen ESDM No. 89 in order to support the goals of the Government in setting gas prices at downstream and upstream.

▪ Our group had pledged over IDR 5 billion to protect and empower all affected communities, working closely with Governments and partners, includes: o Supports medical personnel on the

frontlines in the appointed hospital to treat COVID-19 patients by providing protective medical equipment and supplies as well as donating food donation, face masks, hand sanitizers and gloves to the communities in our operation areas.

o Contributes to Government’s efforts in providing respiratory systems for treating increasing cases and testing kits to increase per capita testing.

o Supplying natural gas to COVID’s emergency hospital (Wisma Atlet).

o Enhancing safe and healthy environment program in the communities by building hand washing facilities as well as disinfectant spraying in the surrounding neighborhood.

PGN is engaged with our employees, customers, partners, and communities in response to these unprecedented circumstances. The COVID-19 pandemic has emerged as a significant global challenge that is creating disruption across the world. PGN stands ready to support the

Government and help the communities where our people live and our business operate.

Respon Terhadap COVID-19

11

3M-2020

Ikhtisar

INDIKATORKEUANGAN(Juta USD )

Revenue

EBITDA

Total Asset

Equity

874

260

7,936

3,282

INDIKATOROPERASIONAL

Upstream

Downstream,

Midstream

& Supporting

CAPEX ($US Million)

88

0

88

2

3M-2019

3M-2020

87

0-8

80

*FY20 Target

Dis

trib

uti

on

(B

BTU

D)

+1%0.2%

Tran

smis

sio

n (

MM

SCFD

)3M-2019

3M-2020

*FY20 Target

1,3

60

-1,3

70

1,2

83

1,3

42

-1%+5%

12

0

11

1

3M-2019

FY20 Target

3M-2020

12

0-1

26

Reg

asif

icat

ion

(B

BTU

D)

-8%-8%

21

9

16

8

LPG

Pro

cess

ing

(TP

D)

3M-2019

3M-2020

17

8-1

84

FY20 Target

-6%

-23%

3M-2019

3M-2020

9,5

89

-10

,00

0

FY20 Target

Oil

Tran

spo

rtat

ion

(B

OEP

D)

11

,17

2

9,9

99

+4%

-10%

3M-2019

Up

stre

am L

ifti

ng

(BO

EPD

)

3M-2020

28

,76

7-3

0,1

37

FY20 Target

28

,93

6.0

20

,79

8.0

-28%-28%

56%

*FY20 Target

44%

70%

FY2019

67%

3M-2020

30%

33%

219

300-500

36

Upstream

Downstream, Midstream & Supporting

*) Notes:

In the face of the ongoing pandemic, Board of Director of PGN had decided to revise 2020 target of distribution and transmission volume due to weakening demand as well as cutting down Capex plan 2020.

12

3M–2020 Kinerja OperasionalDistribusi | Transmisi | Hilir Lainnya | Lifting Hulu |

Business Updates

▪ Consolidated distribution volume is relatively stable on YoY basis albeit slightly lower consumption from non-power customers. The impact of Covid-19 starting to show on QoQ basis. The declining impact from the pandemic is reflected in the 2Q-2020.

▪ Majority of industrial sector showed lower consumption.▪ Number of customers increased in all segment.▪ Natural gas remain competitive compared to oil related fuel.

Konsumsi Industri Terhadap Total Volume Penjualan

Volume Distribusi (BBTUD)

3M-2020

Ikhtisar OperasionalDistribusi

918 951

880 882

3M-20192015 2016

803

3M-202020192017

42

2018

39

802 772

960 990

0.2%

14.5%

Paper

Textile

Wood

Cement

1.7%

Lifting Oil

CNG

Basic Metal

Glass

Fabricated Metal

Others

Ceramic

Food

Chemical

5.6%

Power Plant

0.0%

0.3%

0.3%

1.0%

2.7%

4.5%

4.9%

7.8%

8.6%

8.8%

38.7%

-40

-30

-20

-10

0

10

20

30

3.7

Bas

ic M

etal

Foo

d

Text

ile

14

.4

Wo

od

Ch

emic

al

Pap

er

3.2 8

.9

Lift

ing

Oil

Gla

ss

15

.5

Oth

ers

15

.0C

emen

t

12

.8

9.8

10

.0Fa

bri

cate

d M

etal

25

.8

0.2

6.6

Po

wer

Pla

nt

1.0

CN

G

13

.2

Cer

amic

Pertumbuhan Industri(% YoY)

Tren Konsumsi Industri(BBTUD)

Gas Terproses

537 525560 571

534

338374

444 423

342

Q2-2019Q1-2019 Q3-2019 Q4-2019 Q1-2020

Retail (Non Power)

Power

14

Ikhtisar OperasionalDistribusi(per 31 Maret 2020)

58

5

58

3

54

2 61

4

61

5

57

9

13

0

13

0

13

3

13

0

13

0

12

5

10

3

10

8

11

9

14

2

69

20162015 2017

81 84 90

2018

98

2019 3M-2020

75

1

77

0

77

7

84

5

86

7

86

7

87

2015 20192016 2017 2018

3,2

70

8

3M-2020

2,9

84

1,0

07

3,0

52

1,1

72

3,1

84

1,2

35

1,2

09

1,2

21

3,3

08

3,3

22

1,2

33

Panjang Jaringan Pipa Distribusi : ±5,430 KMSumber Gas

RD 1 (Jakarta, Bogor, Bekasi, Karawang, Tangerang, Cilegon, Lampung, Palembang, and Cirebon)

RD 2 (Surabaya, Sidoarjo, Pasuruan, Semarang, Tarakan, and Sorong)

RD 3 (Medan, Batam, Pekanbaru, and Dumai)

Pertagas

51%

33%

16%

99%

Piped Gas

1%

LNG

Conocophillips

Others

Pertamina Group

Volume Distribusi (BBTUD)Per Regional

Harga PGN

3

4

5

6

7

8

9

10 4.5

2.0

1.5

2.5

3.0

3.5

4.0

20182015

8.56

Gross Spread(USD/MMBTU

ASP/APP(USD/MMBTU)

2016 2017 2019 3M-2020

5.92 5.94

8.92 8.64 8.648.54

6.07

8.39

6.20 6.246.37

ASP APP Spread

LPG - 12 kg

LPG - 3 kg

Coal 2.67

Kerosene

8.67

RON 88

21.26HSD (Solar)

20.85

Natural Gas (PGN’s Avg.)

LPG - 50 kg

MFO

MDF/IDO (Diesel)

8.64

16.34

21.20

24.70

18.70

18.49

+146%

+186%

+145%

+114%

+141%

+89%

+116%

-69%

USD/IDR : 16,367ICP : USD 34.23/barrel (March 2020 )

Harga Jual Gas PGN vs Energi Lain

3M-20202019

397,474 405,097

39

3,4

53

1,5

66

2,4

55

40

1,0

24

1,5

98

2,4

75

Industries & Commercials Small Businesses Residentials

Jumlah Pelanggan

0.7%0.1%

99.2%

Konsumsi Pelanggan

15

3M–2020 Ikhtisar OperasionalTransmisi

Volume Transmisi(MMSCFD)

654 676

19

2017

1,342

2,046

2015

25

20182016

1447

2019

2030

*3M-2019

8

*3M-2020

1,375

789 797

1,334

733

2,101

1,283

1,336 1,233

Pertagas PGN KJG

▪ Total Length: ±2,399 km

▪ Transmission Revenue

▪ Total Length: ±1,145 km (incl. SSWJ)

▪ Off-taker: PLN, BBG

▪ Transmission Revenue

▪ Total Length: ±201 km

▪ Off-taker : PLN

▪ Finance Lease Revenue

3M–2020 Ikhtisar OperasionalHilir Lainnya

Oil Transportation(BOPD)

Regasification (BBTUD)

Gas Processing (TPD)

11,172

3M-2020

3M-2019

9,999

-10%

120111

3M-2019

3M-2020

-8%

29 10

190

158

**3M-2019

219

**3M-2020

168

-23%

LPG MKS

LPG Pondok Tengah (60%)

20

1

20

1

20

1

20

1

20

1

20

1

2015

1,0

77

2016 2017 2018

1,0

06

2019 3M-2020

1,0

77

1,0

06

1,0

77

1,0

06

2,2

23

1,1

44

1,0

06

2,3

99

1,1

45

1,0

06

2,3

99

1,1

45

1,0

06

Panjang Jaringan Pipa Transmisi : ±4,751 KM

TGI

Pertagas

PGN

KJG

Business Updates

▪ Gas transportation through Pertagastransmission pipeline primarily contributes to higher transmission volume YoY.

▪ Downward trends seen in other downstream business segments’ performance due to weakening demand.

*) Excl. TGI Volume

**) Excl. Perta Samtan Gas

16

3M–2020

Ikhtisar Operasional:Lifting Hulu

Crude Oil (BOEPD)

1,010

28,936

5,487

3M-2019

475

3M-2020

20,798

7,350

15,088

5,943

11,256

3,124

-28%

Oil LPGLNGGas

83 82 18

3,024

3,344

3M-2019 3M-2020

5,487

3,124

2,060

-43%

87 5

50

6

26

34

12

88

3M-2019

5

65

3M-2020

-26%

43

34

3M-20203M-2019

34

43

-19%

Gas (BBTUD) LNG (BBTUD) LPG (MTPD)

87

41

3M-2019 3M-2020

87

41

-53%

Oil Gas Lifting (BOEPD)

Business Updates

▪ The crash of oil prices impacted the production activities that translates to lower lifting volume YoY

▪ Given the global oil and LNG supply demand, Saka will only focus in maintaining its existing operations

in its oil and gas fields, while also implementing efficiency programs in its production activities

▪ As of June 2020, Saka has been the 100% operatorship of Muriah block

Pangkah Bangkanai

Fasken Muara Bakau

Ketapang

17

3M–2020 Kinerja KeuanganLaporan Laba Rugi | Neraca | Arus Kas | Rasio Keuangan | Debt Maturity

3M–2020

Ikhtisar Keuangan:Laporan Laba Rugi Konsolidasi

876

591

285

163

65

263

874

587

287

172

48

260

Operating Income

Revenue Cost of Revenue

Gross Profit Net Income EBITDA

31-Mar-19

31-Mar-20

87%

9%4%

17%

83%

Kontribusi Pendapatan

Kontribusi EBITDA

(Juta USD)

Pendapatan(Juta USD)

31 Mar 2019 31 Mar 2020

Gas Distribution 677 693

Gas Transmission 57 65

E&P 93 76

Oil Transportation 6 5

Fiber Optic 3 4

Finance Lease 6 -

Gas Processing 25 25

Others 7 4

Total 876 874

▪ Consolidated revenue relatively stable albeit lower contribution from E&P, oil transportation, finance lease and other supporting businesses.

▪ Realized net income primarily impacted by the foreign exchange loss recorded at USD 63 million in three months period this year

▪ Consolidated EBITDA mainly contributed from lower depreciation of Saka and PGN’s distribution & transmission expenses

Distribution & Transmission

Upstream

Others

Distribution, Transmission & Others

19

3M–2020

Ikhtisar Keuangan:Neraca Konsolidasian Arus Kas Konsolidasian

Cash Flow(ÙSD Million)

31 Mar 2019 31 Mar 2020

Beginning Balance 1,315 1,040

Cash flow from operating 223 182

Cash flow from investment (43) 101

Cash flow from financing (636) 89

Foreign Exchange Impact 11 (66)

Ending Balance 870 1,346

Rasio Keuangan 31 Mar 2019 31 Mar 2020

EBITDA Margin 30% 30%

EBITDA /Interest Expense (x) 5.9 6.9

Debt-to-Equity (x) 0.8 0.9

3,234

Total EquityTotal Liabilities

Current Assets

Non Current Liabilities

Total AssetsNon Current Assets

3,366

Current Liabilities

2,2092,426

5,1655,510

7,374

7,936

1,123 1,288

3,016

4,139

4,655

3,282

31 Dec 2019 (Audited)

31 March 2020

( Juta USD)

▪ Increasing Total Assets reflecting higher trade receivables and prepaid expenses as well as the impact of implementation new accounting standard PSAK 73 to the increasing fixed asset

▪ Higher Total Liabilities was contributed by new short-term bank loans and implementation of PSAK 73 recognized in lease payables of FSRU Lampung.

Consolidated cash flow reflecting positive operating cash flow and higher cash inflows related to withdrawal of short-term investment into cash and receipt of carried receivables as well as drawdown of short-term loans.

20

3M–2020

Debt Profile

Total LoanUSD 2.85 Billion

Weighted Average Interest Rate 4.19%(Excl. Tax)

FY20191

,00

4

9

29

4

68 7

1

2020E

19

38

2

2021E

19

35

4

2022E

20

7

17

2023E

20

1,9

75

27

9

2024E >2025E

Commercial & Multilateral Loan Shareholder Loan Bonds

117 117 117 117 117

59

51 3721

35

26

2022EFY2019

5

11

6

0

2020E

11

2021E

1 5

>2025E2023E

5

2024E

00

Debt Maturity Profile *(Juta USD)

Interest Payment* (Juta USD)

87.7%

0.5%11.8%

USD IDRJPY

18%

82%

Float Rate Fixed Rate

Entities PGN SAKA Pertagas** PGAS Solution PGAS Com

Lender EIB(USD)

JBIC(JPY)

IBRD(USD)

Bank Mandiri(USD)

SMBC(USD)

Bond(USD)

Bond(USD)

SHL (USD)

Bank Mandiri(IDR)

DBS(IDR)

Outstanding 2,375,337 36,595,714,000 29,702,080 150,000,000 100,000,000 1,350,000,000 625,000,000 246,207,747 200,000,000,000 20,000,000,000

Maturity 2020 2043 2026 2020 2020 2024 2024 2022 - 2028 2020 2021

*) The amount stated above may differ due to loan prepayment and/or withdrawal, currency and rate volatility **) Pertagas Shareholder Loan is lended by PT Pertamina (Persero)

21

Proyek & Investasi Strategis 2020

23

PROJECT

BALAM-BANGKO-DUMAI AND MINAS-DURI-DUMAI CORRIDORS CRUDE OIL PIPELINE REPLACEMENT PROJECT

DESIGN

LENGTH: 367 KM, PIPE DIAMETER 4” – 24”POTENTIAL TRANSPORTATION VOLUME: 265.000 B0PD

TARGET ON-STREAM

• NORTH SEGMENTS (BALAM-BANGKO-DUMAI AND DURI-DUMAI): AUGUST 2021• SOUTH SEGMENTS (MINAS-DURI): JANUARY 2022

PROGRESS

• LINEPIPE HRC (HOT-ROLLED COIL) PRODUCTION: 71%• LINEPIPE TOOLING & COATING: 6%• EPC CONTRACTOR KICKED OFF

SCOPE

• 12 PIPELINE SEGMENTS• 3 STATIONS (DURI PUMPING STA, DUMAI METERING STA, BATANG MANIFOLD STA)

OBJECTIVES

• TO STRENGTHEN OIL AND GAS TRANSPORTATION PORTFOLIO AND REVENUE• TO SUPPORT INCREASE OF ROKAN BLOCK OIL LIFTING VOLUME (1/3 OF NATIONAL OIL LIFTING)

Òil Transportation Pipeline

Rokan Oil Pipeline

Potential Volume : ± 90 BBTUD ≈ ± 16.4 thousand BOEPD

RDMP Cilacap

Cilacap

Balikpapan Sorong

Tuban

Balongan

RDMP Balikpapan

GRR Tuban

RDMP Balongan

Kilang TPPI

Downstream Infrastructure Projects

Oil to Gas Conversion for Refineries

24

Progress : • Kilang Balongan telah di-supply gas sejak kuartal IV 2019 dengan volume sebesar 8 BBTUD • RU IV Cilacap dan RU V Balikpapan masih dalam Tahap Perencanaan

Quick Win 99.4 MW

Phase 1 : 689 MW

Phase 2 : 713 MW

Phase 3 : 290 MW

56 HSD Power Plants (Capacity 1.8 GW)

Downstream Infrastructure Projects

Oil to Gas Conversion for Power Plants

25

Proses gasifikasi pembangkit PLN dalam fase penyiapan dan koordinasi dengan PLN termasuk terkait kepastian demand

APBN 2020 : 127.864 SR*

City Gas Project

24 cities/regencies

Phase : 24 cities/regencies Progress : Construction

PGN 2020 : 50.000 SR

Jakarta dan Tangerang

Feasibility Study, FEED-DEDC

Progress:

*Adjustment to the City Gas Project APBN 2020 due to efficiency policy from Government, originally 266.070 household connections in 2020 divided into 127.864 in 2020 and 138.206 in 2021.

Progress:

26

HEADQUARTERJl. K.H. Zainul Arifin No.20, Jakarta, Indonesia

Investor Relations:PT Perusahaan Gas Negara TbkMid Tower Manhattan 26th FloorJl. TB Simatupang Kav. 1-S, Jakarta, IndonesiaEmail: [email protected]: +62 21 8064 1111

mailto:[email protected]

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