Investor Presentation

Consolidated 3M-2021

Disclaimer & Cautionary Statement

This document is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of the Company's

credit facilities or any of the Company's securities. Neither this presentation nor anything in it shall form the basis of any contract or

commitment. This document is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor.

The Company has prepared this document based on information available to it that have not been independently verified. No representation or warranty, expressed or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. The information included in this presentation is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit process.

This document may include forward-looking statements concerning the Company's plans, objectives, goals, strategies, future events,

future performance, capital expenditures, business trend, and other information that is not historical. When used in this document, the words "estimates", "expects", "anticipates", "projects", "plans", "intends", "believes", "predicts", "forecasts", or future or conditional verbs, such as "will", "should", "could", or "may" and variations of such words or similar expressions are intended to identify forward- looking statements. All forward-looking statements, including, without limitation, management's examination of historical operating trends and data are based upon the Company's expectation and various assumptions. Future events or results may differ from those anticipated or expressed in these forward-looking statements.

All forward-looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this

document. The Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances

that arise after the date made or to reflect the occurrence of unanticipated events.

2

Table of

Contents

1

2

3

4

About PGAS

Company Overview

The Milestones | The Sub-Holding Co| Leadership| Business Portfolio | Business Structure | 3M-2021 Highlights

3M-2021

Operational Performance

Gas Commercial | Gas Transmission |

Other Businesses | Upstream Lifting

3M-2021

Financial Performance

Income Statement | Balance Sheet | Cashflow | Financial Ratios | Debt Maturity Profile | CAPEX

Strategic Projects & Investment 2021

3

About PGAS

PT Perusahaan Gas Negara Tbk (PGAS:IJ) the leading natural gas distribution and transportation player in Indonesia. PGAS continues to strengthen its position in the market by gradually transforming into an integrated energy solution company, encouraging the use of natural gas.

PGAS is engaged in upstream oil and gas, midstream and downstream fields across the Indonesian peninsula. PGAS owns and operates

natural gas pipelines in excess of more than 10,000km in total length, covering c. 96% of the national natural gas pipeline network. PGAS' upstream portfolio consist of 10 oil and gas blocks across the country, and 1 shale gas in Houston, US. PGAS has 2 FSRU's (Lampung & West Java) and land based regasification facility in Arun. PGAS, through its downstream entities, serves more than 2,000 industrial and commercial customers.

PGAS become subsidiary of PT Pertamina (Persero) since 11 March 2018 as part of Government of Indonesia's Oil & Gas Holding initiatives.

With the acquisition of 51% stake in PT Pertamina Gas (and its subsidiaries) on 28 December 2018, PGAS has officially been the Gas Sub-

holding Company.

Company Overview

The Milestones | The Sub-Holding Co|Leadership |

Business Portfolio|Business Structure | 3M-2021 Highlights

The Milestones

1998

2003

2007

2010

2014

2015

• Completion of Grissik - Duri

• Completion of Grissik- Batam-

• Completion of SSWJ transmission

Establishment of a JV between

Operation of FSRU

Completion of Kalija transmission

pipeline

transmission pipeline

Singapore transmission pipeline

Pertamina and PGN: PT

Lampung

pipeline by KJG

• Listed Company ("PGAS")

• Establishment of PT PGAS

Nusantara Regas

• Establishment of PT Transportasi

Telekomunikasi Nusantara

Gas Indonesia (TGI) in 2002

(PGASCOM)

2020

2019

2018

2016

• Restructuring of Subholding organization

• Business Alignment of Sub-Holding Gas

Establishment of the Sub-Holding Gas

Development of gas distribution

• Sapta PGN+ (The National Gasification Programs)

•

The Transfer of the LNG, SPBG and City Gas

pipeline in Musi Banyuasin, Bandar

• Implementation of the Decree of Minister of Energy and

Business from Pertamina to PGN as sub-

Lampung, DKI Jakarta and Mojokerto.

Mineral Resources No. 89 and 91 of 2020

holding gas.

Gas Commercial (BBTUD)*

Gas Transmission (MMSCFD)**

917

951

828

916

803

1,447

1,369

1,255

1,211

772

109 85

2016 2017 2018 2019 2020 3M-2021

*) Excl. Processed Gas; **) Excl. TGI Volume

Revenue & EBITDA

(USD Million)

3,571

3,870

3,849

2,935

2,886

807

1,085

1,217

1,040

697

733

191

2016

2017***

2018

2019

2020

3M-2021

***) Restatement

Capitalization

(USD Million)

Liabilities

3,873

4,737

Equity Total

3,664

4,139

4,579

4,502

3,170

4,310

3,202

3,234

2,955

3,022

Total

2016

2017***

2018

2019

2020

3M-2021

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

PGN - PT Perusahaan Gas Negara (Persero) Tbk published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2021 08:32:05 UTC.