PERTAMINA STRATEGY &ENERGY TRANSITION
The 40 JCCP International Symposium

Rini Widiastuti - Vice President Organization Capability – PT Pertamina (Persero)
Webinar, January 27, 2022

11

Global Megatrends in the Energy Sector
Global primary energy demand plateauing around 2030; primarily driven by the penetration of renewable energy sources into energy mix,
National Energy Strategy has targeted to increase New & Renewable Energy mix of 23% by 2025 and 31% by 2050
Global primary energy demand
Million terajoules (TJ)

Industrialization ofWestern economies;
energy use still largely
biomass based

1850

Expansion of global
and localtransportion, fueled bycoal and oil

1900

Unprecedented rise in Western
living standards

1950

RapidIndustrializationin China 571

2000

16

Fast uptick in renewables
sources in the energy mix

650
650

14%

30

2050

Fossil Fuel Demand CAGR, %SOURCE: McKinsey Energy Insights’ Global Energy
Perspective, January 2019; IEA Energy Balances(Historical); Smil, V. (Historical)

22Pertamina’s Aspiration:
Global energy champion by US$ 100 Billion Market Value
Pertamina is prioritizing key corporate initiatives

End to end fuel marketer with competitive refinery,
petrochemical and supply chain backbone

Integrating value chain from resources to downstream including power

Upstream

Upstream
Leading E&P
company, 10 R/P
ratio

Refining &Petchem

Refining
Leading refining player in SE Asia,
Zero incident rates; 1st quartile margins,reliability and operational efficiency, digitization
at scale. Fulfill biofuels mandate

Logistics
and Supply
Chain 4.0

Logistic, Supply Chain, Infrastructure
Supply Chain & Trading
Cost efficiency through supply chain optimization Digitally enabled integrated supply chain,& digitalization (terminals, tankers, ports &security of supply, leading in cost efficiencytrucks)
Accelerate infrastructure reliability anddevelopment

1234Marketing

Retail (B2C)
Go RetailGo Customer
Go DigitalGeothermal
Leading
geothermal
capacity with 1-2
GW of capacity

Gas
Integrated gas portfolio,
downstream productinnovation, global LNG
presence

PowerLeading IPP company, 5+
GW in gas & geothermal
power capacity, leader inrenewable energy

PetchemIndonesia's leading petrochemicalcompany, USD 10bn revenue, ~10mn tons
capacity

Corporate (B2B)
Domestic leader in IFM, Lubricants,Aviation, regionally competitive forexports, service and productinnovations

Electric vehicles & storage
Leading battery manufacturer inIndonesia (in partnership withglobal leaders)

Source: 2020 – 2024 Strategic Master Plan for Pertamina

33

Pertamina
to accelerating
business
growth, Restructuring
a split of tasks between
Holding and the value growth of there arranged through Restructurisation
entire Pertamina grouptingndHolding
Sub-Holdingent

Sub-Holding
Portfolio

oup

6 Key Expected Outcomes

President
Director& CEOd

Director ofStrategy,Portofolio & New
Ventures

UpstreamSub-HoldingPEP
PEPCPIEP«

Director ofFinanceRefining &Petrochem.
Subholding

KPB
PRPP
«Comm. &Trading
Subholding

PTPR
PTPL
PIMD
«

Director of
Human Capital

Power &NRE
Subholding

Gas
Subholding

PGE
«•
•

Drive and develop business portfolioand synergy across Pertamina Group
Accelerate new business development
Execute national mandates

Subholding Roles•••

Director ofCorporate Services

Integrated
MarineLogistic

Pertagas«

Holding Roles•

Director of
Integrated
Logistics &Infrastucture

PTK«

AP
Services/
Portfolio
Insurance ATPI
Investment PDV
Property PatraJasa
MedicalPertamedika
Aviation Pelita
Air Service
Training &Consulting PTC

6End to end business accountability anddrive operational excellence
Accelerate business development andcapabilities across existing businesses
Increase capability and flexibility inpartnership and financing

12
3
4
56Lean, agile and efficientorganization
Operational excellence, increased
competitiveness and best-in-classcapabilities within industry

Acceleration of current and newbusinesses

Flexibility in partnership and financing

Rejuvenated organization, talent,
culture and mindset in line withworld-class energy company
Fulfilling nation-building mandate toreach national energy sovereignty

44

Pertamina Parenting Model
As a Holding, Pertamina will become a strategic – active Holding with key group optimisation decisions remaining at Holding

Gov.
Model

Investment
Holding

Strategic
Holding

ActiveHolding

Operational
Holding

Portfolio
Coordinator

Strategic
LeaderActiveAdvisor

KeyManager“We want to know
your results”“We want to lead youin what you do”“We want to closely
guide you in what you
do and how you do it”“We will implementand manage whatyou do”

55Business Process – Integrated Energy Company
Before restructuring all operations and businesses (other than Upstream) were in Holding, after restructuring
operations and businesses were in Subholding.
DOWNSTREAM

Crude Oil & Refined
Products imports

UPSTREAM
SH R&PSH IMLSH UPSTREAM

Crude OilSH C&T

Electricity
Distributor

Crude OilSH GAS

Refineries

Trading/Export/
Domestic Refineries

Distribution through fuel depots
And stations; kerosene, gasoline,Diesel, HSD, LPG

PetrochemicalProducts

Natural Gas

Petrochemical Plants

Hydrocarbon,
Exploration,
Development &Production

Transmission Lines

Gas Trading/Transmission

SH PNRE

Geothermal
Exploration,
Development &Production

SteamProduction
Facilities

ElectricityNew & Renewable
Energy(Solar, Biogas)

LPG

Process

Marketing& Trading

LPG Plants
LNG

LNG
Trading
LNG Shipping

LNG Plant

PowerPlant

Export to Other Countries
Electricity
transmission &distribution
or captive
customer66

Thank You77