PUBLIC EXPOSEPT Elnusa Tbk (ELSA)

Diselenggarakan secara daring: Graha Elnusa, 30 November 2020

AGENDA

123

Company Profile

Performance Highlights

Focus & Strategy4

Industry & Macro

1 Company Profile

Elnusa at Glance

An energy service company with core competencies in:1. Oil & gas upstream services 2. Energy distribution & logistic services3. Energy Support services

A public listed company in IDX since 2008 (Code : ELSA). Incorporated in several major indexes e.g Kompas 100, Pefindo25, Indonesian Sharia Stock index (ISSI), Jakarta Islamic Index (JII) 70, and IDX 80.

Vision“Reputable Energy Services Company by Providing Total Solution”

Core Competencies:

Energy Support ServicesEnergy Distribution & Logistic Services

Oil & Gas Upstream Services

- Seismic Acquisition (Land, Transition zone & Marine)

- Seismic Data Processing- Geological, Geophysical & Reservoir- Drilling & Workover Services- Well Intervention Services- Engineering, Procurement & Construction- Operation & Maintenance

- Fuel Fleet Management- Fuel Storage Management- Gasoline Station & LPG Filing Station- Chemical, Lubricant & Fuel Trading

- Fabrication- Marine Support- Data Management- OCTG Pipe Threading & Trading

Group StructureRepublic of Indonesia

PublicPertaminaPension Fund Pertamina

14,90% 41,10% 44,00%

Our CapabilitiesWK Offering

Seismic/Non Seismic Survey & GGR

Exploration DrillingDevelopment Drilling &

Field ConstructionProduction Decomissioning

• 1 Rig 1600 HP• 11 workover rig• 8 mud logging• 3 well testing

• 5 crew 2D & 3D land• 1 crew TZ & 2D & 3D

marine• 50.000 core data

processing• Reservoir services• Non Seismic Services

P&A Services

• National Data Repository

• Corporate Data Repository

• Material Provider• Service Provider

• 1 LCT• 5 Work Barges• 2 AWB• Well Testing

Barges• AHTS• Marine Seismic• Dredging

• 11.000m2 storage facilities• Document Management,

Remastering & Implementation

• Core Lab facilities

• 30.000 MT OCTG Threading• 1600 m2 fabrication facilities• Tubular Internal Coating

• Oil based & Water based Blending Facilities• Commodity & Specialty Chemical

• 1 Seismic Vessel• Transport Vessel• Marine Support• Multi-purpose Barges• Pipeline, tie-in, & riser

installation• Maintenance & repair SBM• Pipeline & cable survey

• 19 wireline logging

• 11 slickline• 5 coiled tubing• 4 DST & SFT• Downhole

Equipment

O&M30 ESP

• Trunking licenses• IT

Exploration Exploitation Power Plant Transmission Distribution Trade

• Drilling• Geophysics

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• Storage Tank/ Depot • Fuel truck rent

• Fuel transportation

• Avtur transportation

• Industrial lubricant distribution

• Agent fuel handling

• Retail/ SPBU/ SPBE

• Industrial lubricant distributor

Energy Transportation Refinery Energy Storage Energy Distribution Commercial Trade

Award & Recognition

The Mahakam Award 2011-2017 from Total E&P Indonesie, for High Risk ContractorCategoryThe Mahakam Award 2018 – 2019 from PT Pertamina Hulu Mahakam (PHM) for Most Improved Camp Accommodation 2019

The Award of 20 Best Choice of Leading Technology of Youth of Nation from Kemenristekdikti

Award from The Ministry of Energy and Mineral Resources as a company that actively participated in supporting natural disaster recovery activities in the event of earthquake, tsunami, and liquefaction, starting from the initial phase of recovery up to the rehabilitation process.

The Award of Performance Recognition from SOCO Exploration (Vietnam) Ltd

The Award of Performance Recognition from Pertamina Geothermal Energy

The Award of Top Digital Implementation 2019 on Energy & Mining Sector # Level Star 4 from It Works

The Award of Performance Recognition from Pertamina EP with “Very Good” Category - implementation of the Contractor's HSE management system

The Award of Best AnakPerusahaan Services Hulu from Pertamina Hulu Indonesia (PHI)

The Award of Anugerah BUMN in the category of Aliansi StrategiNasional dan Global Terbaik III for BUMN dan AP BUMN Tbk

Best Oil & Gas Exploration Services Company di Ajang IAGI Exploration Award 2020

Sistem Manajemen Elnusa (SME)

2 Industry & Macro

Kondisi Cadangan Migas Saat ini

Minyak Bumi Gas Bumi

Cadangan

Umur CadanganAsumsi tidak ditemukan cadangan baru

3,772,48 49,9

77,3

9 tahun 22 tahun

Miliar Barel

Miliar Barel

Triliun Cubic Feet

Triliun Cubic Feet

Proven +Potential

Proven

Source : Ditjen Migas 2020

Konsumsi melebihi ProduksiKebutuhan Domestik terus Meningkat

Untuk memenuhi kebutuhan domestik maka diperlukan IMPOR minyak mentah dan produk BBM yang membutuhkan devisa sehingga menekan NILAI TUKAR Rupiah

Four Strategies :

#1 Maintaining base production

#2 Transformation R-to-P

#3 EOR –

Enhanced Oil Recovery

#4 Exploration

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Strategi Jangka Panjang Meningkatkan Produksi

1Improving Existing Asset Value• Tambahan produksi program FTG 18.300 BOPD & 17 MMSCFD rerata produksi tahunan• Early investment di WK Rokan melalui program pengeboran pengembangan yang massif &

agresif (200+ sumur)

Resources to Production Acceleration• Percepatan onstream POD lapangan PB WK Mahato & Lapangan KBD WK Sakakemang

• Massive Development Plan (MDP) : 3 MDP disetujui (88 MMBOE); 3 MDP diajukan ke MESDM (450 MMBOE) ; 3 MDP dalam evaluasi (200+ MMBOE)

• Pengeboran 4 sumur delineasi di Natuna dalam upaya percepatan pengembangan undeveloped discovery

2

3 Enhance Oil Recovery• Proses evaluasi Pre POD Minas CEOR WK Rokan; Onstream 2024• Field Trial Polymer EOR Lapangan Tanjung Pertamina EP

Exploration• Akuisisi data seismic 2D 32.200 Km Open Area, akan terbuka dalam 1 tahun kedepan

• Success Ratio Sumur eksplorasi tahun 2020 sebesar 55%• Pengeboran sumur target Big Fish – Giant 6 sumur discovery

4Source : SKK Migas

Tri-Lema Lingkungan Bisnis ElnusaElnusa harus memberikan kontribusi optimal dalam mendukung penyediaan Energi Nasional

Penurunan Harga Minyak Kebutuhan BBM Turun Fluktuasi Kurs Rupiah

Pandemi Covid19 sudah

mengganggu operasional

Konsumsi DOMESTIK masih

menjadi harapan kegiatan

perekonomian Nasional

Aspirasi Pertamina dalam mendukung Ketahanan

Energi Nasional:

1. Meningkatkan produksi migas

2. Eksplorasi untuk menambah cadangan migas

nasional

3. Sustainability pengelolaan WK Terminasi

4. Pemenuhan energi ke seluruh wilayah Indonesia

1. Perkembangan perekonomian nasional

2. Mendapatkan keuntungan

3. Menyelenggarakan kemanfaatan umum

4. Perintis kegiatan-kegiatan usaha

5. Aktif memberikan bimbingan dan antuan

kepada pengusaha golongan ekonomi

lemah, koerpasi dan masyarakat

13 Performance Highlights

9M20 Operational Highlights

Penyelesaian KKP 2D SeismikJambi MerangStart operasi HWU Drilling danPersiapan operasi EWL Combo di Pertamina Hulu Mahakam.Penyelesaian projek EPC-OM SKG Betung, Turnaround BP Tangguh, dan Kuala Tanjung.

Jasa Hulu Migas Jasa Distribusi & Logistik Energi

Jasa PenunjangEnergi

Penyaluran 11.4 juta KL Volume Transport, 1.6 jutaKL Volume Depo, 157 ribuVolume BBM Inmar.Volume Depo LPG Amurangmencapai 60.414 mTon.Go Live SPBE Gn Sitoli Nias.

Penyelesaian konstruksiEHR 14 dan memulaikonstruksi EHR 15 yang merupakan Hydraulic Rig buatan dalam negri.

9M20 Financial Highlights

YoY YoY

Rp (bn) % Rp (bn) % Rp (bn) % Rp (bn) %

Revenue 6.625 100% 8.385 100% 26,6% 5.917 100% 5.760 100% -2,7%

Gross Profit 652 10% 871 10% 33,6% 595 10% 614 11% 3,2%

Operating Profit 381 6% 534 6% 40,2% 368 6% 376 7% 2,2%

EBITDA 767 12% 966 12% 25,9% 694 12% 913 16% 31,6%

Net Profit (Loss) 276 4% 356 4% 29,0% 238 4% 187 3% -21,4%

Total Assets 5.657 100% 6.805 100% 20,3% 6.176 100% 7.599 100% 23,0%

Total Liabilities 2.357 42% 3.228 47% 37,0% 2.720 44% 3.918 52% 44,0%

Total Equity 3.301 58% 3.577 53% 8,4% 3.455 56% 3.682 48% 6,6%

Account Receivables 1.572 28% 2.090 31% 33,0% 1.855 30% 1.952 26% 5,2%

Account Payables 1.340 24% 1.697 25% 26,6% 1.615 26% 1.692 22% 4,8%

Interest Bearing Debt 821 15% 1.127 17% 37,3% 916 15% 1.561 21% 70,4%

2018 2019 9M19 9M20

Kinerja Keuangan Segmen – Revenue & GP

9M19 9M20

2.557 2.913

198 192

14%

-3%

-20%

- 8%

3.106

320

2.473

295

254

90

375

130

Jasa Hulu Migas

Jasa Distribusi & Logistik Energi

Jasa Penunjang Energi

48%

45%

Kontribusi Pendapatan

51%43%

7%

43%

52%

4%

9M20

9M19

Jasa Hulu MigasJasa Distribusi & Logistik EenrgiJasa Penunjang Energi

79%

21%

9M20

9M19

73%

27%

Pertamina3rd Party

2020 - 2021 Capital Spending Plan

Growth Related

Investments; 57%

Maintain Capacity; 40%

Others; 3%

Growth Related

Investments; 53%

Maintain Capacity;

27%

Others; 20%

₪ Realisasi Capex terfokus pada peralatan-peralatan yang mendukungkeberlangsungan usaha termasuk Hydrolic Workover yang telah mencapaitingkat utilisasi sebesar 100% dan Well Intervention. Sedangkan untukOperation Support terdapat penambahan welltesting dan dredging barge.

₪ Selain pengembangan jasa hulu, Elnusa berencana melakukan investasiinfrastruktur hilir pada tahun 2020 – 2021 seperti mobil tanki, TBBM dan LPG.

₪ Untuk menjaga kualitas peralatan yang dimiliki, tim manajemen Elnusa jugatelah mengalokasikan maintanance capex secara berkala

Saham ELSA 2020

Volume Price

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Ø Tahun 2020 ELSA tetap mampu membukukan kinerja positif, namun kondisi global yang diwarnai kejatuhan harga minyak, penyebaranCovid 19 serta volatilitas kurs sangat berdampak kepada pasar keuangan dunia termasuk Indonesia, IHSG dan tidak terkecuali saham ELSA.

Ø Saat ini ELSA terdaftar dalam beberapa indeks acuan seperti Kompas 100, IDX 80, PEFINDO 25, ISSI.Ø Seiring dengan membaiknya sentiment global, saham ELSA mulai menunjukkan penguatan berarti di akhir November 2020 ini.

Focus & Strategy4

Indonesia Oil & Gas

Goal:1 Million

Barrel

MAINTAINBaseProduction

TRANSFORMResources to Production

EOREnhanced Oil Recovery

ExplorationGiant Discoveries

1

2

4

3

Source: SKK Migas

Elnusa Total SolutionSiap menjawab tantangan IOG 4.0 mencapai 1 Juta BOP tahun 2030

Drilling & Workover Services Hydraulic Workover & Snubbing Drilling Support Mud &

Chemical Drilling Rig Services

Support Services Fabrication Marine Support Data Management OCTG Pipe Threading &

Trading

Geoscience & Reservoir Services Seismic Data Acquisition Seismic Data Processing Geological, Geophysical &

Reservoir

Well Intervention Services Coiled Tubing, Well Stimulation &

Pumping Electric Wireline Logging Well Testing & Slickline Artificial Lifting, Power & Completion

Energy Distribution & Logistic Services Fuel Fleet Management Fuel Storage Management Gasoline Station & LPG Filing Station Specialty & Commodity Chemical

Trading

EPC & OM Services EPCI Operation &

Maintenance Turn Around

Workover/Well Intervention ServicesElsa solution for maintaining Base Production challenge

FINHIB®️ being developed to answer the challenges of very reactive clay in a way to reach hydrocarbon target.

It increases the ability of Water Based Mud to suppress clay’s hydration rate & protect from Swelling

When reservoir damage is anticipated

When platform infrastructure is in your concern

When the cost considerations come at first

Capable of HPHT and Critical Deviation environment

Emergency Work needed

Efficiency• Fast Rig Up/Rig Down• Land or offshore system designs

Reduce Potential Damage Formation• Pump fluids into well while moving pipe

continuously• Ability on live wells - No kill fluids

introduced into wells

Performance• Digitalized• Advance Data Acquisition System

Petrophysics• Resistivity• Density Log• Porosity & PeF Log• Acoustic Sonic Log• Gamma Ray & Natural Gamma• Spontaneous Potential Log

Formation Test• Formation Pressure• Reservoir Fluid Analyzer• Reservoir Fluid Sampling

Borehole Image• Formation Image Log• Acoustic Imaging

Oil based mud

Oil based completion mud

Hi-profile water based

mud

Suitable for HPHT well reactive shale

Suitable for HPHT completion debris

settling free

Suitable for HPHTWell reactive shale

environmental concerns

ELNUSA’s Genuine Products

Fluids Solutions

Wireline SolutionsHydraulic Unit Solutions

Coiled Tubing Solutions

FINHIB®️ being developed to answer the challenges of very reactive clay in a way to reach hydrocarbon target.

It increases the ability of Water Based Mud to suppress clay’s hydration rate & protect from Swelling

Success Story: Seismic Survey 2D KKPJMElsa solution for Exploration Giant Discoveries challenge

Merupakan Survey terbesar di Asia Pasifik dandikerjakan 100% oleh anak bangsa menggunakanKapal Seismik terbesar berbendera Indonesia

Sebagai bagian menuju ditemukannya cadanganmigas raksasa (Giant Discovery).

Pekerjaan seismik laut 2D ini berhasil diselesaikandengan aman, tepat waktu dan menghasilkan data seismik berkualitas tinggi dan diakui oleh klien.

Seismik ini melengkapi data cekungan hydrocarbon yang ada di Indonesia dan merupakan milestone besar komitmen eksplorasi yang akan menambahcadangan migas di Indonesia

Elnusa’s Seismic Vessel

Working Area Jambi Merang Sepanjang 30,800 km di Wilayah terbuka

Chemical EOR ServicesElsa solution for Enhanced Oil Recovery challenge

WaterChemical EOR:

Polymer Solution Swept Oil

Polymer Injection Unit &Water Treatment Unit Rental / Sale Installation Commissioning

Operation & Maintenance Sampling & On-site Lab Analysis Surveillance & Monitoring Maintenance & Troubleshooting Onsite Stock Management

Strategic Partnership between:

Production Well

FLOQUIP PIU

AUTOMATED, COMPACT, & MODULAR INJECTION SYSTEMFLOPAAM

POLYMER POWDER

THANK YOU