25 February 2022 – Jakarta

Today PT United Tractors Tbk (“the Company”) has released its consolidated financial statements of 2021. The Company recorded consolidated revenue of Rp79.5 trillion, increased by 32% from Rp60.3 trillion in 2020. In line with the increase in net revenue, the Company’s net profit was up by 71% to Rp10.3 trillion compared to last year which was Rp6.0 trillion.

Overall, to the Company’s consolidated net revenue, Mining Contracting segment contributed 42%, followed by 29% from Construction Machinery, 17% from Coal Mining, 10% from Gold Mining and 2% from Construction Industry.

 

FOR THE PERIODS ENDED 30 DECEMBER

2021

2020

Change

Rp million

Rp million

%

Net Revenue

79,460,503

60,346,784

32%

Gross Profit

19,664,961

12,989,293

51%

Net Profit*

10,279,683

6,003,200

71%

Earnings per share

2,756

1,609

71%

*Profit after tax attributable to owners of the parent

Construction Machinery Segment

Construction Machinery segment recorded an increase in Komatsu sales volume by 97% to 3,088 units from 1,564 units last year. Revenue of spare parts and maintenance services also increased by 30% to Rp7.8 trillion. Based on internal market research, Komatsu market share was 21%.

Sales volume of UD Trucks increased from 224 units to 375 units, as well as Scania products from 217 units to 545 units. In total, Construction Machinery segment recorded an increase in revenue by 70% to Rp22.8 trillion compared to Rp13.4 trillion in 2020.

Mining Contracting Segment

The Company operates its Mining Contracting segment through PT Pamapersada Nusantara (PAMA). As of December 2021, Mining Contracting recorded net revenue of Rp33.2 trillion, up by 14% from Rp29.2 trillion in 2020. PAMA recorded 1% increase in coal production volume from 114.6 million tons to 116.2 million tons and 3% increase in overburden removal volume from 825.0 million bcm to 852.1 million bcm.

Coal Mining Segment

The Company’s coal mine segment was operated by PT Tuah Turangga Agung (TTA). As of December 2021, TTA recorded total coal sales volume of 9.0 million tons including 2.4 million tons of metallurgical coal, down by 3% compared to 9.3 million tons in 2020. However, Coal Mining segment recorded a 44% increase in net revenue to Rp13.7 trillion due to higher average coal selling price.

Gold Mining Segment

The Company’s gold mine segment was operated by PT Agincourt Resources (PTAR). PT Agincourt Resources operates Martabe gold mine located in South Tapanuli, North Sumatra. Until December 2021, the total sales volume of gold equivalent from Martabe was recorded at 330,000 ounces, up by 3% compared to 320,000 ounces in 2020. In line with the increase in sales volume and average gold selling price, net revenue was up 19% from Rp7.0 trillion to Rp8.3 trillion.

Construction Industry Segment

The Construction Industry segment was represented by PT Acset Indonusa Tbk (ACSET). As of December 2021, Construction Industry reported net revenue of Rp1.5 trillion compared to Rp1.2 trillion in 2020. ACSET recorded a net loss of Rp696 billion, decreased compared to net loss last year of Rp1.3 trillion. The net loss was mainly due to the slowdown of several ongoing projects and reduced new construction project opportunities during the pandemic.

Energy Segment

In line with the Company’s business development strategy in environmentally friendly energy sector, the Company has determined renewable energy business as one of its transition strategies. To accelerate the development of renewable energy, by the end of 2021 all energy businesses in the group have been consolidated through PT Energia Prima Nusantara (EPN). Until December 2021, EPN has installed 2.4 MWp Rooftop Solar PV in the Company’s and Astra’s group facilities. Until the end of 2022, the Company targets an addition of 15 MWp new Rooftop Solar PV installations and more in the following years.

The Company currently operates one mini hydro power plant namely PLTMH Kalipelus 0.5 MW in Central Java and in the process of constructing another mini hydro power plant, PLTM Besai Kemu in Lampung, Sumatra. The capacity of PLTM Besai Kemu is 7 MW and is expected to operate in 2023. In addition, the Company also targets several mini hydro projects in Sumatra area with total potential of more than 20 MW.

At the same time, the Company actively conducts studies and reviews of other types of renewable energy, such as large-scale hydropower, floating solar PV, geothermal, wind power and waste-to-energy projects. These projects are consistent with UT’s strategy to increase its competence in various renewable energy potentials to achieve a sustainable business portfolio.

Untuk keterangan lebih lanjut, silahkan menghubungi:

Corporate Secretary

:

Sara Loebis

Email

:

ir@unitedtractors.com

Address

:

Jl. Raya Bekasi Km.22 Cakung, Jakarta Timur 1310

Phone

:

(62-21) 24579999, Fax: (62-21) 4600655