PT Barito Renewables Energy (BREN) Company presentation summary

Market position and assets

• Leading clean energy producer in Indonesia with over 20 years of experience and a total operating capacity of 981 MW across geothermal and wind assets.

• Holds strong credit ratings: PEFINDO idAA-, Moody's Baa3/Ba3, Fitch BBB-/BB-.

• Operates Indonesia's largest geothermal portfolio (903 MW installed) and the country's first wind farm, with plans to expand wind capacity.

• Group structure includes significant stakes in geothermal and wind subsidiaries, with international partners such as Mitsubishi.

Industry outlook and government policy

• Indonesia targets carbon neutrality by 2060 or earlier, with over 60% of new capacity additions (2025-2034) designated for renewables.

• 42.6 GW of renewable energy capacity to be added by 2034, focusing on regions like Jamali, Sumatra, and Sulawesi.

• Rising demand from industrial downstreaming, data centers, and electrification expected to absorb new capacity.

Operational and financial performance

• Geothermal net generation reached 7,076 MWh in 2023 with a 94% net capacity factor; wind net generation was 201 MWh with a 33% capacity factor.

• Revenue grew to $597 million in 2023, with 97% from geothermal and 3% from wind.

• EBITDA margin consistently above 82%, net profit margin improved to 23% in 3M25.