Investor Presentaiton
USDbn
Revenue and Other Financial Highlights
Pertamina has maintained healthy EBITDA and Net Income margins despite volatility and decline in global oil prices,
demonstrating the quality of its asset base
Despite the decline in oil prices, Pertamina recorded healthy 1H2015
EBITDA and Net Income margins compared to the full year 2014
Injection of quality assets such as 30% in Murphy Oil's Malaysia
assets, along with greater downstream optimisation have provided a
platform improved earnings quality
Positive impact on refining operations from oil price environment
notwithstanding some inventory write downs
EBITDA and EBITDA margin
10.76%
9.37%
8.59%
8.57%
8.27%
6.66
6.09
5.84
1.11
0.91
0.60
3.11
2.34
5.18
5.55
5.24
0.26
0.50
2.85
1.84
2012
2013
Upstream
2014
1H2014
1H2015
EBITDA margin
PERTAMINA
USDbn
USD bn
Revenue
0.3%
(0.6%)
70.92
71.10
70.65
36.28
(39.9%)
67.26
67.45
66.41
21.79
34.25
20.05
3.67
3.65
4.24
2.02
1.74
I
2012
2013
2014
1H2014
1H2015
â– Upstream
Downstream and others
Net Income and Net Income Margin
4.31%
3.90%
3.13%
3.07
2.77
2.66%
2.17%
1.53
1.13
0.58
Downstream and others
Note: 1H2014 and 1H2015 figures are unaudited. EBITDA calculated as income for the year - interest income + interest expense + income tax expense + DD&A
Source: Pertamina.
2012
2013
2014
1H2014
1H2015
Net income
Net income margin
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