Pertamina Investor Day 2023: Collaboration to Achieve 100 Billion USD Market Value

Jakarta, July 4, 2023 - The Investor Relations function of the Directorate of Strategy, Portfolio, and Business Development (SPPU) of Pertamina organized the "Pertamina Investor Day 2023" event at the Ballroom of Grha Pertamina, Jakarta (3/7/2023).

This event is Pertamina’s effort to establish networking between Pertamina Holding, Subholding, subsidiaries, and affiliates with potential investors and partners, aiming for collaboration that yields mutual benefits for both parties.

The event was attended by approximately 200 participants, both in-person and virtually. The participants includes bondholders, investors, representatives from the banking sector, lenders, rating agencies, business partners, and Pertamina’s potential partners.

Juferson Victor Mangempis, VP of Investor Relations, stated that collaboration is crucial to achieving Pertamina's aspiration of reaching a 100 billion USD market value. This event was organized to build a network within the Pertamina Group, facilitating such collaboration.

"Pertamina has an extraordinary aspiration to reach 100 billion USD market value, and this cannot be achieved by Pertamina alone. Pertamina needs investors and partners," he said.

According to Juferson, this event aims to bring partners and investors who collaborated with Pertamina together, allowing them to obtain more information directly from the Pertamina directors.

This event was well-received by A. Salyadi Dariah Saputra, Director of Strategy, Portfolio, and Business Development (SPPU) of Pertamina. He stated that Pertamina has various strategic initiatives that require support and collaboration from partners and investors.

"We have various strategic initiatives for the future, and this cannot be done by us alone; it requires collaboration. Therefore, I believe this event is crucial for Pertamina to share with all the partners and investors present of future partnership opportunities. It is hoped that this will open up opportunities for cooperation and help everyone present at this event better understand Pertamina," he said.

During the occasion, the Director of SPPU also explained Pertamina's Holding and Subholding, subsidiaries, and affiliates transformation, aiming to enable direct communication between all partners and investors.

"Partnership and collaboration are crucial to us. There would also be a site visit to the Pertamina Geothermal Energy facility in Kamojang and Pertamina International Refinery facility in Cilacap. Therefore, everyone can see firsthand that Pertamina's commitment is not only in the oil and gas sector but also in the renewable energy aspect."

On the same occasion, Emma Sri Martini, the Director of Finance, expressed her appreciation for this event and believed that Pertamina's transformations thus far are expected to yield tangible results for the company.

"Pertamina has transformed and now has six Subholdings, which are expected to facilitate collaborations with investors or partners. We hope that Pertamina can successfully achieve output through this event, and there will be follow-up after this event," Emma stated.

Fadjar Djoko Santoso, Vice President of Corporate Communication of PT Pertamina (Persero), emphasized Pertamina's commitment to business development and its continuous effort to open opportunities for collaboration that are mutually beneficial with business partners.

"We are open to collaborating, and we invite Pertamina's partners to grow and develop together to achieve 100 billion USD market value," said Fadjar.

This event was also well received by the participants, including Indah Kurnianingsih, the Director of Marketing & Operations at PT Pertamina Training & Consulting (PTC).

"Pertamina Investor Day 2023 is a great platform as it brings together Pertamina, including PTC. Thus, we can meet partners and investors in our business line to enhance our business skills. PTC itself participates because this year, we aim to expand our market scale to the non-captive market. We welcome investors to collaborate, grow, and develop with us," expressed Indah.

Similar sentiments were conveyed by Bayong C. Wibowo, the Technical Commercial Advisor at SINOPEC. "This is the first time I attend Pertamina Investor Day, and I am quite surprised and excited to be here. My impression of this event is that it provides a great opportunity for us to meet Pertamina's leaders and colleagues. We share the same passion and interest in developing the oil and gas industry, and there may be opportunities for partnerships where we can collaborate with Pertamina to enhance energy security in Indonesia," he said.

During Investor Day 2023, an exhibition was also held, featuring the ESG Showcase by Pertamina, as well as booths from Pertamina's Subholdings and Subsidiaries, including Pertamina Hulu Energi (PHE), Pertamina Geothermal Energy (PGE), PT Pertamina Patra Niaga (PPN), Pertamina New & Renewable Energy (PNRE), Pertamina International Shipping (PIS), PT Kilang Pertamina Internasional (KPI), Pertamina Gas Negara (PGN), Patra Jasa, Tugu Insurance, Pertamedika IHC, Pelita Air Services, Pertamina Training and Consulting (PTC), and others.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.**