“UNITE TOWARD EXCELLENCE”

Jakarta, 1 Oktober 2021

COMPANY PROFILE

INDUSTRY & MACRO

FOCUS & STRATEGY

PERFORMANCE HIGHLIGHTS

COMPANY PROFILE

“Reputable Energy Services Company

by Providing Total Solution”

VISION

OIL & GAS UPSTREAM SERVICES

ENERGY DITRIBUTION & LOGISTICS SERVICES

• Seismic Data Acquisition• Seismic Data Processing• Geological, Geophysical & Reservoir• Well Drilling Services• Well Intervention Services• Engineering, Procurement & Construction• Operation & Maintenance• Flare Gas Handling • Fuel Fleet Management

• Fuel Storage Management• Gasoline Station & LPG Filing Station• Specialty & Commodity Chemical Trading

SUPPORT SERVICES

• Fabrication• Marine Support• Data Management• Physical Data Warehousing• OCTG Pipe Threading & Trading

An energy service company with core competencies in:1. Oil & gas upstream services 2. Energy distribution & logistic services3. Support services

A public company and Listed in Indonesia Stock Exchange since 2008 (Code : ELSA).

Elnusa has been certified to the international standards of: ISO 9001:2015 for Quality Management System ISO 14001:2015 for Environmental Management System OHSAS 18001:2007 for Occupational Health & Safety ISO 55001:2014 for Asset Management System ISO 37001:2016 for Anti Bribery Management Systems

INDUSTRY & MACRO

Fluktuasi Aktivitas Migas Konsumsi BBM Nasional Fluktuasi Kurs Rupiah

Aspirasi Pertamina dalam mendukung Ketahanan Energi Nasional:1. Meningkatkan produksi migas2. Eksplorasi untuk menambah cadangan

migas nasional3. Sustainability pengelolaan WK Terminasi4. Pemenuhan energi ke seluruh wilayah

Indonesia

1. Perkembangan perekonomian nasional2. Mendapatkan keuntungan3. Menyelenggarakan kemanfaatan umum4. Perintis kegiatan-kegiatan usaha5. Aktif memberikan bimbingan dan bantuan

kepada pengusaha golongan ekonomi lemah, koperasi dan masyarakat

Program Eksplorasi KKKS yang

melambat akibat Pandemi Covid-19

dan pemilihan pekerjaan EPCOM

yang lebih selektif

Konsumsi domestik merupakan

harapan kegiatan perekonomian

1Improving Existing Asset Value• Tambahan produksi program FTG 18.300 BOPD & 17 MMSCFD rerata produksi tahunan• Early investment di WK Rokan melalui program pengeboran pengembangan yang massif &

agresif (200+ sumur)

Resources to Production Acceleration• Percepatan onstream POD lapangan PB WK Mahato & Lapangan KBD WK Sakakemang

• Massive Development Plan (MDP) : 3 MDP disetujui (88 MMBOE); 3 MDP diajukan ke MESDM (450 MMBOE) ; 3 MDP dalam evaluasi (200+ MMBOE)

• Pengeboran 4 sumur delineasi di Natuna dalam upaya percepatan pengembangan undeveloped discovery

2

3 Enhance Oil Recovery• Proses evaluasi Pre POD Minas CEOR WK Rokan; Onstream 2024• Field Trial Polymer EOR Lapangan Tanjung Pertamina EP

Exploration• Target survei seismik 2D di WK aktif sepanjang 3.569 km dan survei seismic 3D seluas 1.549 km2

• Success Ratio Sumur eksplorasi tahun 2021 sebesar 75%• Pengeboran sumur target Big Fish – Giant 6 sumur discovery dan 2 sumur dry

4

PT Pertamina(Persero)

Upstream Subholding

Refining & Petrochemical

Subholding

Commercial & Trading

SubholdingGas Subholding

Power & NRE Subholding

Shipping Portfolio & Co

Regional 1

Regional 2

Regional 3

Regional 4

Regional 5

PDSI

ELNUSA

*) AP Services: 1. PDSI 2. ELNUSA

Pembagian Regional Subholding Upstream

• PT Elnusa Oilfield Services• PT Elnusa Geosains Indonesia

• PT Elnusa Fabrikasi Konstruksi• PT Sigma Cipta Utama• PT Elnusa Trans Samudera• PT Patra Nusa Data

PT Elnusa Petrofin

Geoscience & Reservoir Services | Oilfield Services | EPCOM Services

PT Pertamina (Persero)

PT Pertamina Hulu EnergiPublik Dana Pensiun Pertamina

(99,99%)

(9,99%)(41,10%)(48,9%)

PERFORMANCE HIGHLIGHTS

Fabrication & Maintenance Services• Fabrication & Upgrade Hydraulic Workover unit• Blok Rokan - Pump repair service• Intelegent pingging – Pertagas • Other fabrication & contruction services

Marine Support Services• Dredging Services Package for Mahakam• Operation 20 Unit Small Marine Services• Successfully provide Swamp Work Barge for

HWU Drilling Project

Warehouse, Data Management & ICT Services

• Warehouse 100% fully occupied for

document storage & general asset• National Data Repository Pusdatin ESDM• Manajemen data migas terintegrasi -PUDC• Integrated port Management Monitoring

System – PT Pertamina International Shipping

Jasa Penunjang Migas

Transportation Services

• Mengelola 62 Terminal BBM

• 1764 mobil tangki kelola• 11 SPBB/APMS• 829 pengelolaan Pertashop di berbagai

wilayah• 5 angkutan Non PSO (BBE.Pama, Theis,

Jober Berau dan Polri) • Angkutan aviasi (Makasar & MOR 1)

Depo Services• Mengelola 22 VHS. 18 Franco, 7 DPPU

Aviasi / Aviasi , 1 KSO (Adaro, TBBM Tanjung Pandan)

• TLPG Amurang • 3 LTSA ATG• Inline Blending Adaro • 1 SPBU dan 2 SPPBE

Jasa Distribusi & Logistik Energi

Geoscience & Reservoir Services

• Penyelesaian tepat waktu atas 1800 Km Survei Seismik 2D Marine PSG ESDM dan 963 Km Survey Seismic 2D PEP Batu Utak.

EPC-OM Services• Penyisipan pipa bawah laut untuk Main Oil

Line XAP – PT Pertamina EP Asset 3• Maintenance Mechanical, Electrical &

Instrument di BP Tangguh LNG Plant• Operation & Maintenance penyaluran minyak

Jalur Talang Akar Pendopo dan South Prabu District – PT Pertamina EP Asset 2

Oilfield Services• Pekerjaan drilling (EMR01 di PHSS) mulai

normal kembali dan didukung jasa Drilling fluid services yang semakin optimum

• Pekerjaan workover termasuk didalamnyaworkover drilling (HWD di PHM) tetap stabil

• Pekerjaan well intervention normal

Jasa Hulu Migas

6M20 6M21 YoY

Revenue 3.897 3.712 -5%

Gross Profit 419 282 -33%

Operating Profit 260 127 -51%

EBITDA 487 485 0%

Net Profit (loss) 130 40 -69%

Achievement 6M21 vs RKAP 2021: Revenue 102% & NP 61%

FY20 6M21 Growth (%)

Total Asset 7.562 7.087 -6%

Total liabilities 3.822 3.304 -14%

Total Equity 3.741 3.784 1%

Interest Bearing Debt 1.436 1.214 -15%

Rp Miliar6M21 6M20

Revenue Compositions

Revenue Contribution

53%Dis & Log

8%Support

39%Upstream

42%Dis & Log

4%Support

54%Upstream

79%Pertamina

76%Pertamina

24%Others

21%Others

Growth Related

Investments; 53%

Maintain Capacity; 39%

Others; 7%

₪ Realisasi Capex terfokus pada peralatan-peralatan yangmendukung keberlangsungan usaha termasuk HydraulicWorkover, slickline combo dan wireline logging. Sedangkanuntuk Operation Support untuk proyek radio trunking, alatsupport barge dan dry docking barge.

₪ Selain pengembangan jasa hulu, Elnusa berencanamelakukan investasi infrastruktur hilir seperti mobil tangki,TBBM dan Depo.

₪ Hingga Agustus 2021, Elnusa telah merealisasikan Capexsekitar Rp259miliar

244

106

Investasi Modal Kerja

Rp Miliar

Terealisasi Dalam proses

194156

Nilai Realisasi Hasil Penawaran Umum Sukuk Ijarah Tahap I Rp700 miliar

Leve

l Har

gaTe

rtin

ggi

Rp5

25

Leve

l Har

gaTe

ren

dah

Rp2

66

ႿR

ata-

rate

V

olu

me

11

5ju

ta

-

200.000.000

400.000.000

600.000.000

800.000.000

1.000.000.000

1.200.000.000

0

100

200

300

400

500

600

04/01/2021 04/02/2021 04/03/2021 04/04/2021 04/05/2021 04/06/2021 04/07/2021 04/08/2021 04/09/2021

ELSA

Volume Close

Ø ELSA sempat menyentuh harga tertinggi pada kisaran 525 di Januari 2021. Pada 2020, harga ELSA tertinggi berada pada 330.Ø Rata-rata volume perdagangan masih cukup tinggi di 115 juta, sementara pada 2020 berada kisaran 55 juta.Ø Saat ini ELSA terdaftar dalam beberapa indeks acuan seperti Kompas 100, IDX 80, PEFINDO 25, ISSI.Ø Pada akhir September ELSA breakout resistance menembus harga diatas 300

FOCUS & STRATEGY

Operation Excellence

• HSSE sebagai keunggulan kompetitif

• Cost leadership• Partnership selektif

• Optimalisasi Revenue Management System

• Perbaikan Business Legal

Optimalisasi Asset

• Optimasi asset non produktif

• Optimasi asset danliabilitas dalam matauang asing (NOP)

• Optimasi E-Quanta

Pengembangan Bisnis

• Pengembangan EOR dan

Rokan• Pengembangan keagenan

alat dan produk

• Investasi selektif disemua lini bisnis.

• Digitalisasi sebagaipenunjang di semua linibisnis

Value Creation

• SinergiPertamina Group

• Sinergi internal

ELSA Group untuk peningkatan kompetensi dan

TKDN

Penguatan Budaya & Organisasi

• Peningkatan budayasafety

• Peningkatan budayaintegritas

• Peningkatan budaya

inovasi melalui AGNI

• Internalisasi AKHLAK• Peningkatan efektivitas

organisasi

DISCLAIMER :

The information in this document has not been independently verified. No representation or warranty expressed orimplied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of suchinformation or opinions contained herein. None of PT Elnusa Tbk (the “Company“), nor any of its affiliates, advisers orrepresentatives shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising fromthe use of this document or its contents or otherwise arising in connection with this document.

This document is being furnished to you solely for your information on a confidential basis and may not be reproduced,redistributed or passed on, in whole or in part, to any other person. Any failure to comply with these restrictions mayconstitute a violation of the laws of any such other jurisdiction. By accepting this document you agree to be bound bythe foregoing limitations.

This document does not constitute or form part of an offer or invitation to purchase any shares in the Company andneither shall any part of it form the basis of nor be relied upon in connection with any contract or commitmentwhatsoever. Any decision to purchase shares should be made solely on the basis of information contained in theprospectus.