Delta Dunia Records Revenue Of IDR 6.13 Trillion In The First Quarter Of 2023

JAKARTA - PT Delta Dunia Makmur Tbk (DOID) managed to increase revenue to USD409 million or equivalent to IDR 6.13 trillion in the first quarter of 2023. This achievement rose 23 percent compared to the 2022 quarter.

This is due to the success of superior diversification strategies and operational performance. In addition, it is also supported by operational success in Indonesia and Australia.

The Achievement of the Delta Dunia Group is also supported by an overburden removal volume figure which increased 9 percent from 123.5 million cubic meters (bcm) in the first quarter of 2022 to 134.4 million bcm in the first quarter of 2023.

In terms of operations, coal production increased by 21.5 million tons of metric or an increase of 18 percent from 18.3 million tons of metric in the first quarter of 2022 (YoY).

The Company's EBITDA grew by 6 percent YoY. The overall EBITDA margin decreased by 3 percent YoY due to a 2 percent decrease in margins in Indonesia, mainly due to cost inflation. However, the cost efficiency program implemented by the Company managed to balance most of the higher actual price inflation.

Oleh karena itu, laba operasional pada kuartal I-2023 meningkat meskipun nilai depresiasi lebih tinggi dan terjadi peningkatan London Inter-Bank Offered Rate (LIBOR). Menyusul jumlah penagihan yang besar selama April dan Mei 2023, tingkat reutang Perusahaan kembali normal.

Significant tax returns have also been received, thereby increasing the Company's cash position in May 2023. Capital expenditure (capex) for the first quarter of 2023 was 57 percent lower YoY to USD 22 million due to the completion of ongoing projects in Indonesia.

EBITDA, which increased and decreased capex figures accompanied by wise financial management and technology implementation in company operations during the first quarter of 2023, has strengthened the company's cash flow to USD 14 million in the first quarter of 2023.

President Director of the Delta Dunia Group, Ronald Sutardja, said that his party was proud of its strong achievements in the first quarter of 2023. Operations for the Delta Group in Indonesia and Australia continue to show good performance. The re-versification strategy has resulted in success as reflected in an increase in the amount of revenue from the Metallurgical coal business while reducing revenue from thermal coal.

"A total of 15 percent of the revenue recorded in the first quarter of 2023 comes from Metallurgical coal mining activities in Australia. We are optimistic that the 25 percent revenue target of commodity diversification will be achieved by the end of 2023 while supporting consistent positive achievements throughout 2023," he said, citing information disclosure, Sunday, June 4.

The World Group Delta continues its positive track record in obtaining and extending contracts as evidence of trust given by world-class customers.

In April 2023, one of the BUMA's subsidiaries, BUMA Australia, received a new contract worth AUD60 million or equivalent to Rp598.7 billion from BHP and Mitsubishi Alliance (BMA) to provide coal mining services and waste treatment at the Saraji mine, central Queensland, Australia. This is the third contract Delta Dunia Group with BHP-Mitsubishi Alliance, one of the largest metalurgy coal producers in the world.

Saraji mine is one of the largest coal mines in Australia based on recoverable coal reserves. The new contract is 18 months long and has an option for an extension over the next 18 months.

Another subsidiary of the Delta Dunia Group, namely Bisa Ruang Nuswantara (BIRU) which was founded to encourage positive changes on a large scale, one of which is through the education program Bisa Ruang Vokasi, which also contributed positively to the company's ESG initiative. Until the first quarter of 2023, more than 2,100 students have participated in the Bisa Ruang Vokasi program which aims to increase student capacity to meet industrial needs.

BURE has also empowered 154 women to become entrepreneurs in their respective regions. In terms of manpower, the Company also recorded 18 percent of the position in management in all its subsidiaries held by women, while 9 percent of the total workforce in BUMA Australia is the original community (First Nation).