#1www.tbsenergiutama.com BEL 8 TBS Energi Utama PT TBS ENERGI UTAMA Tbk December 2020#28 TBS Energi Utama Disclaimer These materials have been prepared by PT TBS Energi Utama Tbk (previously known as PT Toba Bara Sejahtra Tbk) (the "Company"). These materials may contain statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition of the Company. These statements can be recognized by the use of words such as "expects," "plan," "will," "estimates," "projects," "intends," or words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. The Company has no obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances. These materials are for information purposes only and do not constitute or form part of an offer, solicitation or invitation of any offer to buy or subscribe for any securities of the Company, in any jurisdiction, nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract, commitment or investment decision whatsoever. Any decision to purchase or subscribe for any securities of the Company should be made after seeking appropriate professional advice. www.tbsenergiutama.com#38 TBS Energi Company Presentation Utama www.tbsenergiutama.com TBS Overview Financial Performance Q4-2020 (Audited) Power Business Mining Business#48 TBS Energi Utama TBS Overview www.tbsenergiutama.com#58 TBS Energi Utama TBS Overview Financial Highlight Power Business Mining Business PT TBS Energi Utama Tbk ("TBS" or "Company") TBS Bara is one of Indonesia's major energy companies focusing in the development of downstream industry and more specifically in power generation. POWER GENERATION 4 COAL MINING PLANTATION [1] GORONTALO LISTRIK PERDANA Minahasa Cahaya Lestari PT Gorontalo Listrik Perdana ("GLP") Adimitra Baratama Nusantara PT Minahasa Cahaya Lestari ("MCL") INDOMINING PT Adimitra Baratama Nusantara ("ABN") PT PERKEBUNAN KALTIM UTAMA I PT Indomining ("IM") PT Trisensa Mineral Utama ("TMU") PT Perkebunan Kaltim Utama | ("PKU") PAITON ENERGY • PT Paiton Energy ("PE") Adimitra PT Adimitra Energi Hidro ("AEH") Energi Hidro BAYU ALAM PT Bayu Alam Sejahtera ("BAS") SEJAHTERA Coal Fired Power Plants under development by GLP and MCL, each capacity of 2x60MW (gross), secured by 25-years PPAs [2] with PLN Through PT Batu Hitam Perkasa ("BHP"), holds 5% shares in 2nd largest IPP [3] in Indonesia, PT Paiton Energy (2,045 MW) • One of few companies that has obtained 2 PPAs in 2 TRISENSA COAL Total Concession : 7,087 Ha Reserves (JORC 2018) : 63.9 mm tons Total Production Rate : 5-8 mmtpa Coal Products (GAR) : 4,800 - 5,900 kcal/kg 8,633ha (2,738 Ha planted) HGU[4] area consecutive years (GLP and MCL) [1] TBS owns PKU, which overlaps with ABN and TMU concessions, [2] PPA: Power Purchase Agreement, [3] IPP: Independent Power Producer, [4] HGU: Hak Guna Usaha (Right to Cultivate) www.tbsenergiutama.com#68 TBS Energi Utama TBS Overview Financial Highlight Power Business Mining Business Ownership Structure MAJ: 51,00% Adimitra MAJ: 99,996% PT TOBA BUMI ENERGI ("TBUE") HIGHLAND STRATEGIC HOLDINGS PTE LTD (61,91%) 8 TBS Energi Utama OTHER SHAREHOLDERS (38,09%) 2 MIN: 0,0001% MAJ: 99,99% MIN: 30% MAJ: 99,996%, MIN: 0,003% Baratama Nusantara INDOMINING MIN: 0,01% MAJ: 99,99% Adimitra Baratama Niaga 100% ADIMITRA RESOURCES PTE. LTD. MIN 0.000076% MAJ: 99.60% TobaBara energi MIN MAJ: 90.00% MAJ: 60,00% MAJ: 90.00% 0.00000258% MAJ: 99.99% MIN: 0,28% MAJ: T MIN: 49.00% 99.97% TRISENSA PT PERKEBUNAN KALTIM UTAMA I COAL [1] Including Baring Private Equity as anchor investor [2] Economic benefit of 80%, ownership subject to PLN (National Power Company) approval www.tbsenergiutama.com GORONTALO LISTRIK PERDANA Minahasa Cahaya Lestari BATU HITAM PERKASA Adimitra Energi Hidro BAYU ALAM SEJAHTERA MIN: 5% PAITON ENERGY#78 TBS Energi Utama TBS Overview Financial Highlight Power Business Mining Business Geographical Location PT Adimitra Baratama Nusantara ("ABN") ☑ PT Indomining ("IM") PT Trisensa Mineral Utama ("TMU") PT Perkebunan Kaltim Utama I ("PKU") Kutai Kartanegara, East Kalimantan Jakarta PT Adimitra Energi Hidro Sumberjaya, Lampung ④ Paiton Energy (Operational, 5% Shares) Probolinggo, East Java www.tbsenergiutama.com ④ PT Gorontalo Listrik Perdana ("GLP") Sulbagut-1 Project (Under Construction) North Gorontalo, Gorontalo Province PT Minahasa Cahaya Lestari ("MCL") Sulut-3 Project (Under Construction) North Minasaha, North Sulawesi Legend: Mining Business Power Business Plantation Business#88 TBS Energi Utama TBS Overview Financial Highlight Power Business Mining Business High Quality Power Assets Operating Power Asset and Power Plants Under Construction with expected Commercial Operation Date in 2021 PAITON UNIT P3 AND P7/8 SULBAGUT-1 SULUT-3 East Java 5% interest 2,045MW (net 102.3 MW) Largest private IPP in Indonesia Strategic national asset, supplying 10% of Jawa-Bali consumption ■ First supercritical plant (unit P3) Long term PPA ending in 2042 Partners: Mitsui, Nebras and Jera 18 years of strong operating track record Gorontalo 80% interest 120MW (net 96MW) Part of 35 GW power program and considered as one of National Strategic Projects Long term PPA ending in 2045 Favorable tariff Partner: Shanghai Electric PPA awarded in 2016, Financial Close in 2017 North Sulawesi 90% interest 120MW (net 108MW) Part of 35 GW power program and considered as one of National Strategic Projects ◉ Long term PPA ending in 2046 ■ Favorable tariff ☐ Partner: Sinohydro PPA awarded in 2017, Financial Close in 2018 www.tbsenergiutama.com#98 TBS Energi Utama TBS Overview Financial Highlight Power Business Mining Business Strategic Mine Location and Integrated Infrastructure TBS has a strategic mine location and integrated infrastructure (coal processing plant (CPP), hauling road, overland conveyor, and jetty), which provide a competitive advantage for the company's operations Samarinda < 50 km to Major City Muara Berau ~ 5 km INDOMININ 25 km to jetty IM Jetty TRISENSA ABN Jetty Adimitra Baratama Nusantara Makassar Strait PT PERKEBUNAN KALTIM UTAMA I Balikpapan www.tbsenergiutama.com - ~65 km Muara Jawa ~ 55 km (Total 120 km) Adjacent location for all three mines Major city to north is less than 50 km Distance from pit to jetty with - closest one 5 km and furthest ~ 25 km Close proximity to jetty and transhipment point of Muara Jawa#108 TBS TBS Overview Energi Utama Financial Highlight Power Business Mining Business Transformation into Integrated Energy Company TBS is one of the country's leading coal producers and progressively expanding its power generation business with targeted generation net capacity of ~300MW by 2021 COAL MINING AND PLANTATION Adimitra Baratama Nusantara INDOMINING PT PERKEBUNAN KALTIM UTAMA I www.tbsenergiutama.com TRISENSA COAL INTEGRATED ENERGY COMPANY Coal Mining and Plantation Power Business Adimitra Baratama Nusantara TRISENSA COAL INDOMINING PT PERKEBUNAN KALTIM UTAMA I Integrated Energy GORONTALO LISTRIK PERDANA Minahasa Cahaya Lestari Adimitra Energi Hidro PAITON ENERGY BAYU ALAM SEJAHTERA Supporting Services of Coal Mining and Power Plant Coal Trading, Coal Logistics, O&M Business#118 TBS Energi Utama TBS Overview Financial Highlight Power Business Mining Business Sustainable Development Goals as part of Business Principle TBS adopts UN's Sustainable Development Goals (SDGs) as framework to support TBS's sustainable growth 1 NO POVERTY 2 ZERO HUNGER 3 GOOD HEALTH AND WELL-BEING 4 QUALITY EDUCATION 5 GENDER EQUALITY 6 CLEAN WATER AND SANITATION 1 No Poverty 555 8 Decent Work & Eco. Growth 7 AFFORDABLE AND CLEAN ENERGY 8 DECENT WORK AND ECONOMIC GROWTH 9 INDUSTRY, INNOVATION AND INFRASTRUCTURE 10 REDUCED INEQUALITIES 11 SUSTAINABLE CITIES AND COMMUNITIES 12 13 CLIMATE ACTION 14 LIFE BELOW WATER 15 LIFE ON LAND 16 PEACE, JUSTICE AND STRONG INSTITUTIONS 17 PARTNERSHIPS FOR THE GOALS 5 Gender Equality 10 Reduced Inequalities Local Business Development and Empowering local women for small enterprises www.tbsenergiutama.com 7 9 Affordable and Clean Energy Infrastructure 15 TBS as Integrated Energy Company 4 RESPONSIBLE CONSUMPTION AND PRODUCTION Q • • • Entrepreneurial training for local farmers Cattle and goat breeding programs Local agrobusiness training SUSTAINABLE DEVELOPMENT GOALS • • Life on Land 3 Good Health & Well Being • • Free Admission for Medical Examination and Treatment Blood Donor Program Arboretum (40 Ha of virgin forest) Waste management programs Quality Education Teaching Assistant Program Honorarium for Elementary and Junior School Teachers • • Children Development Program (PAUD) School Bus Facilities & Scholarship Aid Program#128 TBS Energi Utama TBS Overview Financial Highlight Power Business Mining Business Sustainable Development Goals as part of Business Principle The Company's strategy to improve the quality of life among local communities is achieved through the empowerment of four main pillars: Education, Health, Social & Economic, and Environment. KELURAHA ECAMATAN SANGASANGA KABUPATEN KUTAI KARTAND h مدرسة الفلاح HAJUSMA Education English Learning Assistance Program for Kindergarten - Elementary School. • Teacher Honor Program for teachers in Kindergarten - Elementary School. • • PAUD Development Program • Bus School Facility. Health Community Healthcare Program through a Posyandu for toddlers and elderly. Providing nutritious food for toddler. Regularly Blood Donation Program. • Scholarship for the student with outstanding grades. www.tbsenergiutama.com#138 TBS Energi Utama TBS Overview Financial Highlight Power Business Mining Business Sustainable Development Goals as part of Business Principle The Company's strategy to improve the quality of life among local communities is achieved through the empowerment of four main pillars: Education, Health, Social & Economic, and Environment. CLCUL Social and Economy ■ Renovation for uninhabitable houses. Breeding cows and etawa goat. Fostering farmers for compost production. ■ Catfish Farming. Empowerment of PKK Ladies for crackers and shredded catfish business. www.tbsenergiutama.com Environment ☐ Presenvation of Arboretum forrest for scientific research purposes. Province road maintenance. Maintenance of springs and clean water distribution pipes for community. Trench cleaning and normalization.#148 TBS Energi Utama TBS Overview Financial Highlight Power Business Mining Business ESG Credentials TBS's credentials on Environmental, Social, and Governance aspects PILLARS Lingkungan Sosial Tata Kelola • www.tbsenergiutama.com THEMES • Perubahan Iklim • Sumber Daya Alam • Polusi & Limbah • Environmental Opportunities Perubahan Iklim • Sumber Daya Alam • Polusi & Limbah • Environmental Opportunities Green Proper Award TBS Credentials itikat ISO 14001:2015 (Environmental Management System) CERTIFICATE CERTIFICATE CERTIFICATE ABN TMU IM ISO 45001:2018 (Health and Safety) CERTIFICATE CERTIFICATE CERTIFICATE ABN TMU IM Zero Accident ISO 9001:2015 Award (Quality Management System) COMMATE DERMACATE Tata Kelola Perusahaan Budaya Perusahaan ABN TMU IM 100 Fastest Growing Companies Awards 2019 (INFOBANK) ABN TMU IM infobank ANALISIS-STRATEGI PERBANKAN & KEUANGAN • Award of The Participation and Contribution in Collecting State Revenues (for TMU, in East and North Kalimantan Regional)#158TBS Energi Utama Financial Performance Q4 2020 (Audited) www.tbsenergiutama.com Minahasa Cahay stari SAFETY FIRST UNGKAP PRIEDE#168 TBS Energi Utama TBS Overview Financial Performance Power Business Mining Business Financial Highlights 2020 saw a decrease in Average Selling Price ("ASP") of coal, which directly correlated with lower NEWC coal index resulting in lower EBITDA Revenues and ASP NEWC Adjusted GAR and ASP 91.5 75.4 61.1 61.7 74.7 54.1 64.9 75.4 50.5 525.5 61.1 61.7 438.4 54.1 310.7 331.9 2017 2018 2019 2020 2017 2018 Revenues (US$ Mn) --ASP (US$/ton) EBITDA and ASP NEWC Adjusted GAR (US$/ton) EBITDA, EBITDA/ton [1] and EBITDA Margin 2019 2020 ASP 75.4 25.1% 24.1% 61.1 61.7 54.1 15.3% 18.0 110.2 15.3 13.0% 10.9 80.4 74.8 110.2 5.8 43.2 74.8 80.4 43.2 2017 2018 2019 2020 2017 2018 2019 2020 EBITDA (US$ mn) ASP (US$/ton) EBITDA (US$ Mn) --EBITDA/ton (US$/ton) EBITDA Margin (%) [1] EBITDA/ton for mining business only www.tbsenergiutama.com#178 TBS Energi Utama TBS Overview Financial Performance Power Business Mining Business Credit Profile The period saw an increase in leverage as TBS progresses on power plant constructions Total Debt and Net Debt [1] (US$ Mn) (x) 98.8 24.1 2017 155.1 72.9 2018 258.3 216.3 388.6 (x) 347.6 Total Debt/EBITDA 9.0x 3.2x 1.3x 1.4x 2019 2020 2017 2018 2019 2020 ■Total Debt/EBITDA ■Total Debt Net Debt Net Debt [1] / EBITDA 8.0x (x) EBITDA / Interest Expense 13.9x 11.4x 2.7x 0.3x 0.7x 2017 2018 2019 2020 2017 2018 Net Debt/EBITDA [1] Including cash and cash equivalent www.tbsenergiutama.com 3.6x 1.8x 2019 2020 EBITDA/Interest Expense#188 TBS Energi Utama TBS Overview 12M 20 Performance Summary Operational metrics [1] Financial Performance Power Business Mining Business 2019 2020 A% NEWC Index US$/ton 77,8 60,4 (22,4%) Average Selling Price (ASP) US$/ton 61,7 54,1 (12,3%) Production Volume mn ton 4,5 2,9 (35,6%) Sales Volume mn ton 4,2 3,2 (23,8%) Stripping Ratio X 13,5 13,3 (1,5%) FOB Cash Cost US$/ton 48,2 44,8 (7,1%) Financial metrics (Unaudited) 2019 2020 A% Revenue US$ mn 525,5 331,9 (36,8%) EBITDA US$ mn 80,4 43,2 (46,3%) Profit for the Period US$ mn 43,7 35,8 (18,1%) [1] EBITDA/Ton US$ mn 10,9 5,8 (46,8%) Financial Ratios Gross Profit Margin EBITDA Margin [1] For mining business only www.tbsenergiutama.com 2019 2020 17,5% 10,8% 15,3% 13,0%#198 TBS Energi Utama Financial Performance TBS Overview Power Business Mining Business Segment Information (US$ Mn) 14.1 310.7 1.9 Revenues (US$ Mn) 525.5 6.6 110.2 19.9 438.4 1.7 39.5 210.4 74.8 2.3 331.9 4.5 131.8 91.1 397.2 74.0 308.5 294.7 195.6 2017 2018 2019 [1] ■ Coal ■Power Generation [2] ■ Other 2020 EBITDA 80.4 36.2 43.2 28.3 44.2 15.4 (1.5) (0.8) (0.5) 2017 2018 2019 2020 [1] [2] & [3] ■ Coal ■Power Generation ■ Other [1] Coal Segment including mining and trading and exclude intercompany sales transaction to Power Generation Segment [2] Power Generation figures mainly come from the financials of GLP and MCL, which are under construction. Revenues are recognized from construction services conducted under service concession agreement with PLN using percentage of completion method. These construction services revenues are expected to be paid through receivable settlement by PLN after commercial operation date. Any construction costs are recognized as incurred on the accrual basis. [1] [3] EBITDA Power Generation Segment 2018, 2019 and 2020 include dividend income from PT Paiton Energy amounting to US$ 13.4 million, US$ 1.0 million and US$ 11.4 million, respectively. www.tbsenergiutama.com#208 TBS Energi Utama Power Business www.tbsenergiutama.com SAFETYR Mat SELL 3#218 TBS Energi Utama Power Business TBS Overview Financial Performance Mining Business PT Batu Hitam Perkasa On 12th December, 2018, TBS acquired 100% direct and indirect shares of PT Batu Hitam Perkasa ("BHP"), which owned 5% stake in PT Paiton Energy ("Paiton") Established in February 1994, PT Paiton Energy was the first IPP and also the largest private IPP in Indonesia With capacity of 2,045 MW (net), Paiton operates under two PPAs, Unit P7/8 and Unit P3. Both are located in Probolinggo Regency, East Java. Paiton's P3 Unit is the first Super-critical Coal Fired Power Plant in Indonesia As a contributor to 10% of Java-Bali power supply, Paiton is furnished with reliable and reputable equipment P3 UNIT P7/8 P7/8 Boiler ABB ALSTOM Paiton Energy (2,045 MW) 栏 Probolinggo Regency, East Java PAITON ENERGY Steam GE Energy Turbine Generator GE Energy Main Transformer HITACHI UNIT P3 Net Capacity COD 2 X 615 MW PPA Period Technology May and July 1999 Until 2042 Subcritical 815 MW March 2012 Until 2042 Supercritical www.tbsenergiutama.com Sponsor Paiton نبراس للطاقة Nebras Power MITSUI & CO. MITSUBISHI HEAVY INDUSTRIES MITSUBISHI HEAVY INDUSTRIES MITSUBISHI ELECTRIC MITSUBISHI ELECTRIC Jera Energy for a New Era#228 TBS Energi Utama Power Business TBS Overview Financial Performance Mining Business PT Gorontalo Listrik Perdana Sulbagut-1 Project CFSPP Sulbagut-1 (2X50 MW) North Gorontalo, Gorontalo Province, Indonesia • Project Overview Partnership Composition: TBS (60%), PT Toba Sejahtra (20%)[1], Shanghai Electric Power Construction (SEPC) (20%) PPA signed in July 2016 and Financial Close achieved in July 2017 Contract Period: 25 years Project Cost: US$ 224 million EPC Contractor: Shanghai Electric Power Corporation Progress Updates (as of 31 December 2020) Remarks In-Progress Land acquisition completed All drawing and engineering documents has been completed and submitted by contractor. Boiler, Turbine and Generator has been completed manufacture, and have arrived on-site Procurement 18 out of 20 project shipments (major equipment) have arrived on site. Subject Status Land Acquisition Completed Engineering Completed Boiler, Turbine, Generator Completed ("BTG") Procurement Construction In-Progress • Both Boiler #1 and Boiler #2 have completed Hydrotest • Main power building installation in-progress www.tbsenergiutama.com • Both Turbine #1 and Turbine #2 have been installed and will continue in field work to connect with the Generator#23Power Business TBS Overview Financial Performance Mining Business 8 TBS Energi Utama Sulbagut-1 Activities Site Condition (as of 31 December 2020) Project Activities Site Condition (Main Plant) Coal Jetty and Coal Handling System progress Boiler Main Building Installation 150 kV GIS room progress Cable Stringing Finished www.tbsenergiutama.com#24Power Business Financial Performance Mining Business 8 TBS Energi Utama TBS Overview PT Minahasa Cahaya Lestari Sulut-3 Project CFSPP Sulut-3 (2X50 MW) North Minahasa, North Sulawesi Province, Indonesia • Project Overview Partnership composition: PT TBS Energi Utama Tbk (90%), Sinohydro Corporation Limited (10%) PPA signed on 7th April 2017, and effective on 10th January 2018 " Contract Period: 25 years ☐ Project Cost: US$ 209 million EPC Contractor: Sinohydro Corporation Limited Progress Updates (as of 31 December 2020) Status Land acquisition completed Detailed engineering design completed Subject Remarks Land Acquisition Completed Engineering Completed Procurement Completed Construction In-Progress • Finished civil works (structure) for coal handling system • All shipments procurements completed • Finished turbine and generator installment Circulating Water Pump ("CWP") works in progress Balance of Plant facilities (Water Treatment Plant, Waste Water Treatment Plant, Coal Handling System and etc) on progress (civil, mechanical and electrical) www.tbsenergiutama.com • Continuing work on ESP #2 insulation and coal shed structure#258 TBS Energi Utama Sulut-3 Activities Power Business TBS Overview Financial Performance Mining Business Site Condition (as of 31 December 2020) Main Plant Overview www.tbsenergiutama.com Project Activities MCL Balance of Plant Water Pump System Coal Shed#268 TBS Energi Utama Mining Business www.tbsenergiutama.com#27Mining Business Financial Performance Power Business 8 TBS Energi Utama TBS Overview Production Performance and FOB Cash Cost 2020 saw lower mining FOB cash cost and slight decrease Production Volume and SR stripping ratio ABN IM TMU -Stripping Ratio (x) 13.6x 13.5x 13.3x 13.1x Sales Volume ABN IM ■TMU 5.4 5.0 4.5 1.0 4.8 4.9 1.1 4.2 0.7 0.5 1.2 2.9 1.1 0.8 0.5 1.2 3.2 0.8 0.6 0.7 0.7 0.8 3.4 3.7 0.5 0.4 2.5 3.2 3.6 1.7 2.6 2.1 2020 2017 2018 2019 2020 2017 2018 2019 FOB Cash Cost dan SR FOB cash cost (US$/ton) Stripping Ratio (x) 13.6x 13.5x Others**) 12% 13.3x 13.1x 49.6 48.2 Royalty 6% 44.8 40.0 2017 Overhead 8% Fuel 19% Cash Cost Breakdown 2020 US$44.8 /ton Mining Contractors*) 47% *) Excludes fuel Transport 2018 2019 2020 **) Includes changes in inventory position 8% www.tbsenergiutama.com#288 TBS Energi Utama Mining Business TBS Overview Financial Performance Power Business Coal Sales Overview TBS adopts forward looking view of market conditions to adapt our marketing strategies to extract the most value for our coal Destination Trader vs End-User Composition 2019 Bangladesh 8% Hongkon Philippines g 6% South 2% Korea Malaysia 59% 53% 1% 51% 19% 47% 49% China 41% 11% Taiwan 22% Japan 2% Vietnam India 18% 1% Thailand 10% 2018 2019 2020 Traders End-users 2020 Product Composition Hongkong 3% ■5600 HS 5600 RS 5800 & 5900 LS 5200 4800 & 4900 Others Philippines 3% 48% Malaysia 20% China 20% Bangladesh 11% Japan 3% 29% Vietnam 22% 5% 19% 17% 28% 24% 28% 24% Taiwan India 13% 13% 10% 12% Others 7% 5% 6% 6% 5% 5% 5% 2% Thailand 7% 2018 2019 2020 www.tbsenergiutama.com#29Mining Business TBS Overview Financial Performance Power Business 8 TBS Energi Utama Operational Activities ABN A A B C D A. Mining Operation Pit 4 utilizing 1xPC2000, 5xPC1250, and 2xPC400 C B. Mining Operation Pit 1 by PT RPP Contractors Indonesia ("PT RCI") utilizing 5xPC1250 C. Football field construction as part of reclamation program in Pit West area D. Construction of drainage Sediment Pond www.tbsenergiutama.com B PANYE KUKAN GERAKAN WAJIB PAKAI MARKER TMU A B IM OB works in Pit B2K40 area Coal getting works in Pit 5B21 A. B. area C. CSR program health clinic for elderly and maternity A. Operational activities in Pit A Block 13 area B. Top soil loading works for reclamation preparation C. Dewatering process in main slump area, using drag flow for Pit A finalization#308 TBS Energi Utama THANK YOU PT TBS ENERGI UTAMA Tbk Treasury Tower, Level 33 District 8,SCBD Lot 28 Jl. Jend Sudirman Kav.52-53 Senayan Kebayoran baru Jakarta 12190, Indonesia T: 62-21-50200353 F: 62-21-50200352 [email protected] Of ▸ @tbsenergiutama #TBSuntuknegeri #bekerja dengan hati #bergerakdengannurani