Investor Presentaiton
M
MEDCOENERGI
1)
7
•
M
CAPITAL STRUCTURE
•
Corridor acquisition US$850mn, funded
with US$400mn 2028 Notes (04-21) and
US$450mn 2-year amortizing loan (Q1-22)
US$273mn RG debt repaid since
Consolidated Debt, Price, and Production (US$ bn)
103
100
87
85
127
161
94
94
100
101
63
68
52
acquisition. IDR Bonds issued in 03-22 for
68
40
US$95mn 2023 IDR maturities
•
Amortization in place to fully repay
3.2
3.3
3.3
2.6
2.8
2.6
2.7
3.0
2.7
2.6
2.4
2.2
2.1
1.9
acquisition debt during 2024
Retired US$456mn Notes, USD capital
market Notes are now 53% of consolidated
debt
RG Net Debt to EBITDA 1.5x, 2.3x LTM mid-
cycle price. Below 2.5x mid-cycle leverage
target
Reaffirm dividend guidance IDR15-20/share
3.6
98
2017
2018
2019
Consolidated Gross Debt
2020
2021
01-22
9M-22
Production, mboepd
Brent Price, US$/bbl
Consolidated Net Debt
Restricted Group Debt (US$ bn)
4.2
3.3
3.4
2.6
2.1
1.5
2.9
2.9
2.5
2.6
2.5
2.3
2.3
2.2
1.9
2.0
2.0
1.5
1.7
1.8
2017
2018
20191
2020
2021
01-22
9M-22
Gross Debt
2019 pro forma Ophir was 2.8x. Ophir debt effectively repaid within 18 months
Net Debt Net Debt/EBITDA
Debt numbers includes unamortized cost and excludes derivativesView entire presentation