MEMORANDUM

Tanggal: 5 Februari 2023

Kepada: Seluruh Karyawan Nasional dan Expatriate Level Staff

Memo Dari: Human Capital & General Ref No: PTP - HR - DOC - G - 31488
Services Director
Tembusan: Board of Directors

Perihal: Final Pencapaian Kinerja Korporat 2023 dan Rencana Kinerja 2024

Rekan-Rekan Karyawan,

Dalam rangka Perencanaan Kinerja 2024, berikut kami sampaikan informasi terkait dengan kinerja
Perusahaan pada tahun 2023 sebagai dasar penyusunan perencanaan tahun 2024.

1. Pencapaian Kinerja Korporat 2023

Pada tahun 2023, pencapaian final Perusahaan masih dibawah dari target yang telah ditetapkan
sebelumnya. Sebagai informasi, berikut adalah pencapaian Kinerja Perusahaan yang telah
diraih:
Target Achievement
Result
No. Objective Key Result (KR) UoM Target Result vs 16 and 15 and 16 and 15 and
Target above below above below
(Weight) (Weight) (Weight) (Weight)
Total Revenue US$m 660 577 87% 4.0% 3.0% 3.5% 2.6%
EBITDA US$m 150 104 69% 6.0% 4.0% 4.2% 2.8%
Business
1 Return On Invested Capital (ROIC) % 17 9 51% 4.0% 3.0% 2.1% 1.5%
Sustainability
Sustaining Capex include component for existing projects US$m 67 52 115% 5.0% 3.0% 5.8% 3.5%
Cash Balance US$m 120 77 65% 3.0% 3.0% 1.9% 1.9%
Organic Backlog (New 2 Mining Projects value and New 2 EPC
Business Growth # 4 4 100% 4.0% 2.0% 4.0% 2.0%
2 Projects value)
and Expansion
New Mine Owner (acquisition, joint operation, etc.) IUP 3 1 33% 4.0% 2.0% 1.3% 0.7%
ESG and Zero LTI Case # 0 2 0% 2.5% 2.0% 0.0% 0.0%
Sustainability to Zero Major Nonconformities from External SHE Audit % 100 0 100% 2.5% 2.0% 2.5% 2.0%
3 Business Zero Occupational Disease & Zero Major Environmental Incident % 100 0 100% 2.5% 2.0% 2.5% 2.0%
Performance ESG is measured, monitored, and assessed with strategic,
Managed % 100 100 100% 2.5% 2.0% 2.5% 2.0%
operational and enabler initiatives implemented as planned
Improve the maturity of Risk Management practice towards risk
resilient organization by no occurrence of new events with a very large % 100 100 100% 1.0% 1.5% 1.0% 1.5%
impact that are not identified in the Company Risk Register
Improve internal monitoring and examination of the effectiveness of
the internal control carried out across functions and business lines by
% 100 100 100% 1.0% 1.5% 1.0% 1.5%
100% implementation of agreed Action Requests from Internal
Organization-Wide
4 Assurance assignments during the year
Risk Managed
Compliance to ISO 9001 Quality Management System with zero non-
conformity (major and minor) during Surveillance Audit of ISO % 100 0 0% 1.5% 1.5% 0.0% 0.0%
9001:2015
Compliance to ISO 37001 Anti Bribery Management System with zero
non-conformity (major and minor) during Surveillance Audit of ISO % 100 100 100% 1.5% 1.5% 1.5% 1.5%
37001:2016
Organization and Competitive revenue per employee managed with employee cost per
% 100 100 100% 2.5% 3.0% 2.5% 3.0%
Talent revenue maintained at 25%
5
Competitiveness Mandatory learning program 100% completed to all assigned
% 100 98 98% 2.5% 3.0% 2.5% 2.9%
Maintained employees.
Total 50 % 40 % 39 % 31 %

Final Achievement 77 % 79 %

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MEMORANDUM

3. Perencanaan Kinerja Korporat 2024

Pada tahun 2024, Perusahaan telah menetapkan OKR Perusahaan yang dapat menjadi acuan
Rencana Kerja pada tingkat direktorat maupun individu:

Weighted
No. Objective Key Result (KR) KR - Target 16 and 15 and
above below

Corporate Shared 55 % 40 %

Revenue Growth (compared to the previous year,

20 % 15 % 10 %
consolidated including CEP Owner)
Financial 15 % 10 %
1 EBITDA Margin 20 %
Performance
15 % 10 %
Backlog 3 billion USD

Build SHE Culture with Zero Lost Time Injury 100 % 5% 5%

Operational Internal Compliance: Achieved corporate ISO ratings
2
Performance with zero non-conformity (major and minor) and 100% 100 % 5% 5%
audit findings closed

Department Shared (Cascaded by Respective Department) 25 % 30 %

Individual (Individual Project and Personal Development) 20 % 30 %

Total 100 % 100 %

Sesuai informasi diatas, setiap Departemen dan Karyawan dihimbau untuk melakukan
penyusunan OKR sejalan dengan OKR Korporat 2024.

Silahkan dapat melakukan penginputan menggunakan sistem SAP SF (SuccessFactors) dan

dapat melihat petunjuk pengisian disini. Jika diperlukan, penyesuaian OKR 2024 secara
individual dapat dilakukan secara mandiri dari awal tahun hingga Quartal III dengan melakukan
diskusi antara karyawan dan atasan.

Diharapkan kepada seluruh karyawan untuk dapat menyelesaikan pengisian Rencana Kerja
Individu 2024 pada 29 Februari 2024. Jika ada pertanyaan atau informasi lebih lanjut, silahkan
menghubungi:

Hartarti R. Sianturi (Organization Strategy)

Email: Hartarti.Rabecca@petrosea.com
Calvin Antony (HRIS Specialist)
Email: Calvin.Antony@petrosea.com

Terima kasih segala kerja keras di tahun 2023 dan semoga tahun 2024 dengan semangat
kolaborasi kita bisa mencapai kinerja yang lebih baik lagi.

Bita Budiariani
Human Capital & General Services Director

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MEMORANDUM

Date: 5th February 2023

Memo To: All National and Expatriate Staff Level Employees

Memo From: Human Capital & General Ref No: PTP - HR - DOC - G - 31488
Services Director
Carbon Copy: Board of Directors

Subject: Corporate OKR Final 2023 and OKR Plan 2024

Dear All Employees,

Regarding to 2024 OKR Planning initiative, we hereby provide relevant information related to
Company's Performance in the year 2023, as a reference for formulation of the 2024 planning:

1. Final Corporate Shared 2023

In 2023, the Company's final achievement is below target. Following are the Company's
performance achievement:
Target Achievement
Result
No. Objective Key Result (KR) UoM Target Result vs 16 and 15 and 16 and 15 and
Target above below above below
(Weight) (Weight) (Weight) (Weight)
Total Revenue US$m 660 577 87% 4.0% 3.0% 3.5% 2.6%
EBITDA US$m 150 104 69% 6.0% 4.0% 4.2% 2.8%
Business
1 Return On Invested Capital (ROIC) % 17 9 51% 4.0% 3.0% 2.1% 1.5%
Sustainability
Sustaining Capex include component for existing projects US$m 67 52 115% 5.0% 3.0% 5.8% 3.5%
Cash Balance US$m 120 77 65% 3.0% 3.0% 1.9% 1.9%
Organic Backlog (New 2 Mining Projects value and New 2 EPC
Business Growth # 4 4 100% 4.0% 2.0% 4.0% 2.0%
2 Projects value)
and Expansion
New Mine Owner (acquisition, joint operation, etc.) IUP 3 1 33% 4.0% 2.0% 1.3% 0.7%
ESG and Zero LTI Case # 0 2 0% 2.5% 2.0% 0.0% 0.0%
Sustainability to Zero Major Nonconformities from External SHE Audit % 100 0 100% 2.5% 2.0% 2.5% 2.0%
3 Business Zero Occupational Disease & Zero Major Environmental Incident % 100 0 100% 2.5% 2.0% 2.5% 2.0%
Performance ESG is measured, monitored, and assessed with strategic,
Managed % 100 100 100% 2.5% 2.0% 2.5% 2.0%
operational and enabler initiatives implemented as planned
Improve the maturity of Risk Management practice towards risk
resilient organization by no occurrence of new events with a very large % 100 100 100% 1.0% 1.5% 1.0% 1.5%
impact that are not identified in the Company Risk Register
Improve internal monitoring and examination of the effectiveness of
the internal control carried out across functions and business lines by
% 100 100 100% 1.0% 1.5% 1.0% 1.5%
100% implementation of agreed Action Requests from Internal
Organization-Wide
4 Assurance assignments during the year
Risk Managed
Compliance to ISO 9001 Quality Management System with zero non-
conformity (major and minor) during Surveillance Audit of ISO % 100 0 0% 1.5% 1.5% 0.0% 0.0%
9001:2015
Compliance to ISO 37001 Anti Bribery Management System with zero
non-conformity (major and minor) during Surveillance Audit of ISO % 100 100 100% 1.5% 1.5% 1.5% 1.5%
37001:2016
Organization and Competitive revenue per employee managed with employee cost per
% 100 100 100% 2.5% 3.0% 2.5% 3.0%
Talent revenue maintained at 25%
5
Competitiveness Mandatory learning program 100% completed to all assigned
% 100 98 98% 2.5% 3.0% 2.5% 2.9%
Maintained employees.
Total 50 % 40 % 39 % 31 %

Final Achievement 77 % 79 %

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MEMORANDUM

2. Corporate Shared Plan 2024

For 2024, Company has set Corporate OKR to become the parameter in setting Department and
Individual target:

Weighted
No. Objective Key Result (KR) KR - Target 16 and 15 and
above below

Corporate Shared 55 % 40 %

Revenue Growth (compared to the previous year,

20 % 15 % 10 %
consolidated including CEP Owner)
Financial 15 % 10 %
1 EBITDA Margin 20 %
Performance
15 % 10 %
Backlog 3 billion USD

Build SHE Culture with Zero Lost Time Injury 100 % 5% 5%

Operational Internal Compliance: Achieved corporate ISO ratings
2
Performance with zero non-conformity (major and minor) and 100% 100 % 5% 5%
audit findings closed

Department Shared (Cascaded by Respective Department) 25 % 30 %

Individual (Individual Project and Personal Development) 20 % 30 %

Total 100 % 100 %

All Department and Employee are advised to develop next year plan cascaded from approved
Company OKR 2024.

Please generate Individual OKR using the SAP SF system (SuccessFactors). For detailed
guideline, please click here. The Individual OKR 2024 Plan can be adjusted from the beginning
of the year to the third quarter of 2024 through discussions between employees and superiors.

We encourage all employees to comply with specified deadline for the 2024 Individual OKR
Plan, with the maximum of February 29th, 2024. For further inquiries and information, please
contact:

Hartarti R. Sianturi (Organization Strategy)

Email: Hartarti.Rabecca@petrosea.com
Calvin Antony (Data Engineer)
Email: Calvin.Antony@petrosea.com

Thank you for all hardworking and we believe collaboratively we can achieve better performance
this year.

Bita Budiariani
Human Capital & General Services Director

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