12 April 2023
Jakarta, April 12, 2023 - PT Trimegah Bangun Persada Tbk (stock code: NCKL), an integrated nickel mining and smelting company with upstream and downstream capabilities and more than 10 years of operational experience on Obi Island, South Halmahera, North Maluku, today officially listed its shares on the Indonesia Stock Exchange (BEI) through the mechanism of an Initial Public Offering (IPO).
NCKL offered 7,997,600,000 shares at a nominal price of Rp100 per share, equivalent to 12.67% of the fully placed and subscribed capital of the company after the IPO. The final price for this corporate action set by the company was Rp1,250 per share. As a result of this IPO, NCKL successfully raised additional capital of Rp9.997 trillion.
The President Director of NCKL, Roy A. Arfandy, announced that the company has also allocated approximately 35 million shares from the IPO shares for the Employee Stock Allocation (ESA) program, which is aimed to benefit the company's employees. Under this program, the exercise price for ESA is the same as the offering price.
Roy further added that the IPO has received a very positive response from the market. During the public offering period that ran from April 5 to 10, 2023, NCKL's shares were oversubscribed. This means that the required allocation pooling percentage for the distribution of shares through the e-IPO platform was set at 5%. The public investor participation was not only limited to domestic investors, but also from foreign institutional investors.
"We appreciate and thank investors for their high enthusiasm towards the NCKL IPO. The oversubscription is a clear indication of the trust that investors have placed in the bright prospects of the nickel processing industry that is being managed by our company," said Roy in a press release after the ceremonial listing of the company's shares at the BEI Jakarta building on Wednesday, April 12, 2023.
In summary, the company is grateful for the positive response that it has received from investors, and it aims to use the raised capital to further enhance its operations in the nickel mining and smelting industry.
Roy added that the funds raised from the IPO, amounting to approximately 50.4%, will be used by NCKL for the needs of its subsidiaries and associated entities, which will be channeled through capital and loans. More than 40% of the funds will be used to pay off debts, and the remainder will be allocated for capital expenditures and working capital.
During the IPO, NCKL appointed PT BNP Paribas Sekuritas Indonesia, PT Citigroup Sekuritas Indonesia, PT Credit Suisse Sekuritas Indonesia, and PT Mandiri Sekuritas as underwriters of the securities issuance, while PT UOB Kay Hian Sekuritas, PT OCBC Sekuritas Indonesia, and PT DBS Vickers Sekuritas Indonesia were entrusted as the securities distributors.
Based on research conducted by AME Mineral Economics Pty Ltd ("AME"), and considering the expected production volume of nickel in 2022, NCKL is expected to become the largest producer of pure nickel in Indonesia compared to other listed nickel mining companies.
The company and its subsidiaries operate two active laterite nickel mining projects, covering a total area of approximately 5,524 hectares. The first project, covering 4,247 hectares in Kawasi, is operated by NCKL, while the second project, covering 1,277 hectares in Loji, is operated by its subsidiary, PT Gane Permai Sentosa. Both projects are located on Obi Island in North Maluku Province.
Furthermore, the company's subsidiary owns two nickel mining prospects, namely PT Obi Anugerah Mineral covering an area of 1,775 hectares and PT Jikodolong Megah Pertiwi covering an area of 1,885 hectares. Both are located on Obi Island.
Based on unaudited interim financial statements for the period ending on November 30, 2023, NCKL's revenue from contracts with customers reached Rp9.04 trillion during the period from January 2022 to November 2022. This represents a 17.40% increase compared to NCKL's revenue of Rp7.70 trillion during the same period in 2021. NCKL also recorded an 18.43% increase in operating profit, from Rp3.31 trillion to Rp3.92 trillion as of November 30, 2022.
Currently, NCKL has completed three High Pressure Acid Leach (HPAL) refinery production lines and achieved 100% production capacity, resulting in a total production capacity of 55,000 metal tons per year. Not stopping there, NCKL is moving further downstream by entering the commissioning phase for nickel sulfate production since early April 2023. This marks a new milestone in the electric vehicle battery industry with the presence and operation of the first nickel sulfate plant in Indonesia.
Corporate Secretary: Franssoka (081298899688) tbp.corsec@haritanickel.com
Investor Relations: Lukito Gozali (08159901638) investor.relations@haritanickel.com
Go Top