Message from Management

President Director & CEO Message,

Dear valued stakeholders,

2023 is a very dynamic and proud year for ABM Group. The performance of all ABM subsidiaries has generally achieved positive achievements, both operationally and financially, which has increased compared to the previous year. This can happen apart from the fact that the coal industry is still good, coupled with the increasing quality of synergy, not only in ABM Group, but also with Tiara Marga Trakindo (TMT) Group as ABM’s parent company.

Mining Value Chain (MVC) is the main driver in this synergy process. One of the results is the success of PT Cipta Kridatama (CK) in 2023 recording the highest overburden removal production in its history. In the same year, ABM also built synergies through Logistics, Engineering & New Businesses (LENB), where PT Cipta Krida Bahari (CKB) and PT Sanggar Sarana Baja (SSB) have built several new warehouse and workshop facilities, to expand services, increase production volume and maximize business growth in ABM Group.

Entering 2024, ABM is preparing to face several challenges that are already in sight, such as political and legal volatility in Indonesia, which now entering the election period for the President of the Republic of Indonesia, as well as the increasingly intense demand for sustainability/green-based economic applications from stakeholders, including using renewable energy, running environmentally friendly industry, and seeking for green financing. In that context, ABM seeks to further strengthen value co-creation synergy, expanding implementation of ESG (Environmental, Social, Governance) initiatives & commitments, increasing sustainable business growth, as well as preparing the organization readiness to achieve ABM Vision 2025.

Finally, on behalf of ABM Group Management, we would like to express our deepest gratitude to our valued stakeholders, including shareholders, investors, business partners, and banking partners who have provided full support to the ABM Group so far. We also convey our high appreciation to the Board of Commissioners of ABM, as well as all leaders and colleagues of ABM Group who have worked with high integrity throughout 2023.

Let's welcome the challenges of 2024 together with a spirit of synergy!

Let’s make it happen!

Regards,

Andi Djajanegara

President Director PT ABM Investama Tbk.