Pipeline 2026 — USD 164 juta, 2 juta ton, margin blended 24,6% 2026 pipeline — USD 164 M, 2 M tonnes, blended margin 24.6%

Revenue book sejauh ini selaras dengan RKAB & target board. Y2026 YTD 28% tercapai · DMO 30% tercapai on-track · FX exposure USD 70% / IDR 30%. Revenue book on track with RKAB & board targets. Y2026 YTD at 28% · DMO 30% quota on track · FX exposure USD 70% / IDR 30%.

Pipeline total 2026Total 2026 pipeline USD 164,0 M ≈ IDR 2,67 triliun · 2 juta ton ≈ IDR 2.67 T · 2 M tonnes

Revenue YTDRevenue YTD USD 45,9 M 28% dari target 2026 · on-track 28% of 2026 target · on-track

Margin blendedBlended margin 24,6% naik 1,2pp vs 2025 (23,4%) up 1.2 pp vs 2025 (23.4%)

Coverage inventoryInventory coverage 87% 142k t pile vs 170k t komitmen 30h 142k t on yard vs 170k t 30-day commit

10 Kontrak 2026 · Buyer Book 10 Contracts 2026 · Buyer Book

Urut prioritas 90 hari · klik buyer untuk lihat detail PO/ship schedule Sorted by 90-day priority · click buyer for PO/ship schedule

TNB Genco Sdn Bhd 🇲🇾 Malaysia

Kontrak tahunan · off-taker utility · PO-2026-042 · barge Samarinda→Penang Annual offtake · utility · PO-2026-042 · barge Samarinda→Penang

EXPORT

Volume / spekVolume / spec 600.000 t · CV 5.000 GAR min TM max 18% · S max 0,5%

Harga (indexed)Price (indexed) USD 82,40/t HBA + 2% · escalation CV/TM HBA + 2% · CV/TM escalation

Shipment nextNext shipment 29/4/2026 · 75.000 t 5 hari lagi · MV Samudra Jaya VI in 5 days · MV Samudra Jaya VI

Nilai kontrakContract value USD 49,4 M margin est 26,3% est. margin 26.3%

Pemenuhan YTD · 7 shipment @ 75k t YTD fulfilment · 7 shipments @ 75k t 525.000 / 600.000 t (88%)

PLN Nusantara (PLTU Cirebon) 🇮🇩 Jakarta

Kontrak DMO · FOB Samarinda · HBA-linked · monthly pickup DMO contract · FOB Samarinda · HBA-linked · monthly pickup

DMO · 30%

Volume / spekVolume / spec 360.000 t · CV 4.500 GAR min TM max 20% · S max 0,6%

Harga (HBA cap)Price (HBA cap) USD 70,00/t DMO price cap · escalation tetap DMO price cap · fixed escalation

Shipment nextNext shipment 5/5/2026 · 30.000 t 11 hari lagi · truk + barge in 11 days · truck + barge

Nilai kontrakContract value USD 25,2 M margin est 16,8% · DMO est. margin 16.8% · DMO

Pemenuhan YTD · 4 pickup YTD fulfilment · 4 pickups 120.000 / 360.000 t (33% · on-track)

Adani Enterprises (bunker) 🇸🇬 Singapore

Spot contract · 3 lifting · COA independent surveyor Spot contract · 3 liftings · COA by independent surveyor

SPOT

Volume / spekVolume / spec 45.000 t · CV 4.800 GAR min TM max 18% · S max 0,5%

Harga (spot)Price (spot) USD 88,50/t premium 7,4% vs HBA 7.4% premium vs HBA

Shipment nextNext shipment 12/5 · 15.000 t MV Mahakam Express

Nilai kontrakContract value USD 3,98 M margin est 31,2% · premium est. margin 31.2% · premium

Pemenuhan · 1 dari 3 lifting Fulfilment · 1 of 3 liftings 15.000 / 45.000 t (33%)

Indonesia Power (PLTU Paiton) 🇮🇩 Probolinggo

DMO tambahan · kontrak 12 bulan · quarterly Additional DMO · 12-month contract · quarterly pickup

DMO

Volume / spekVolume / spec 240.000 t · CV 4.200 min TM max 22% · S max 0,7%

HargaPrice USD 68,00/t DMO cap

Shipment nextNext shipment 18/5 · 60.000 t 24 hari · perlu blend low-CV 24 days · needs low-CV blend

Nilai kontrakContract value USD 16,3 M margin est 14,5% est. margin 14.5%

Pemenuhan · 60k t lifted Fulfilment · 60k t lifted 60.000 / 240.000 t (25% · target 33%)

Vietnam EVN (PLTU Vinh Tan) 🇻🇳 Vietnam

Pipeline · negotiating · est signing May 2026 Pipeline · in negotiation · est. signing May 2026

PIPELINE

Volume / spekVolume / spec 300.000 t · CV 4.800 min 5 shipment

Harga estimasiEstimated price USD 78-82/t HBA-linked

Target first shipmentTarget 1st shipment 28/5/2026 50.000 t

Nilai potensialPotential value USD 24,3 M margin est 22% est. margin 22%

5 kontrak ditampilkan · 5 kontrak lain (PLTU Suralaya, China Huaneng, POSCO, tiga spot) di bawah 5 contracts shown · 5 more (PLTU Suralaya, China Huaneng, POSCO, 3 spot) below Lihat semua (10) → View all (10) →

Tracking Kewajiban DMO ESDM ESDM DMO Obligation Tracking

Regulasi: 30% produksi untuk pasar domestik · dihitung real-time Rule: 30% of production to domestic market · computed real-time

Target regulasiReg. target 30%

YTD tercapaiYTD achieved 30,0%

Volume DMODMO volume 180k t

Denda risikoPenalty risk 0

PT KTS aman dari denda DMO. Jika drop di bawah 30%, denda USD 6/t shortfall sampai quota terpenuhi. PT KTS is safe from DMO penalties. If it drops below 30%, the fine is USD 6/t shortfall until the quota is met.

Arus Kas Proyeksi 90 Hari 90-Day Cash Flow Projection

Estimasi berdasarkan jadwal shipment & term pembayaran Based on shipment schedule & payment terms

29 Apr TNB Genco · 75k t +USD 6,18 M

5 May PLN DMO · 30k t +USD 2,10 M

12 May Adani spot · 15k t +USD 1,33 M

18 May IP Paiton · 60k t +USD 4,08 M

26 May TNB Genco · 75k t +USD 6,18 M

10 Jun PLN DMO · 30k t +USD 2,10 M

25 Jun TNB Genco · 75k t +USD 6,18 M

Total 90 hari90-day total +USD 28,15 M

Eksposur Valuta Asing FX Exposure

Breakdown revenue & hedging Revenue & hedging breakdown

USD

USD 115 M

70% · export

IDR

IDR 801 M

30% · DMO

Rekomendasi Treasury Treasury recommendation : Hedge 40% USD exposure via forward 3 bulan (rate IDR 16.280). Risk vs rupiah appreciation. Hedge 40% USD exposure via 3-month forward (rate IDR 16,280). Protect against IDR appreciation.

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