Jakarta – PT Humpuss Maritim Internasional Tbk (HUMI), a subsidiary of PT Humpuss Intermodal Transportasi Tbk (HITS) engaged in energy distribution and infrastructure as well as port and maritime ecosystems, announced plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in mid-2023.

HUMI focuses on four main business lines: ship charter services for LNG transportation, oil and petrochemical transportation, offshore support, and marine support. The Company also provides ship management and human resource development for crews, including a Crew Training Center. With a diverse fleet and a strategic role in national energy distribution and security, HUMI sees bright growth prospects ahead.

President Director of HUMI, Tirta Hidayat, stated that the IPO is a strategic step for the Company, not only to enhance business growth and financial performance but also to emphasize HUMI’s commitment to transparency. “‘And most importantly, Humpuss Maritim’s entry into the capital market shows the Company’s strong commitment to running operations in a transparent manner, open to all stakeholders,”‘ Tirta said.

“‘We are optimistic that the IPO will provide benefits to all stakeholders, including shareholders, employees, customers, business partners, and the community,”‘ he added.

Tirta explained that HUMI has a revenue growth target of 20% annually, supported by asset growth, profitability improvement, and the application of ESG (Environmental, Social, and Governance) principles. “‘HUMI is ready to become one of the main players in Indonesia’s maritime industry, which has great potential in line with the government’s plan to develop the energy sector in the future,”‘ he said.

Financial Performance

Based on consolidated financial statements, HUMI recorded net revenue of USD 91.53 million in 2022, an increase of 37.45% from USD 66.59 million in 2021. This was driven by growth in vessel charter revenue, which reached USD 89.85 million (up 38.71% from the previous year). The growth was mainly contributed by LNG vessel charters, oil transportation, and chemical shipments.

HUMI’s Gross Profit in 2022 also grew significantly by 245.82% to USD 26.61 million compared to USD 7.69 million in 2021. The increase was mainly due to the shift from spot charter contracts to time charters and higher chemical transportation revenue.

Initial Public Offering

HUMI plans to release 15% of its issued and paid-up capital through the IPO, offering 2.7 billion shares at Rp100 per share, with an expected total fund of around Rp270 billion.

In addition, HUMI will issue Series I Warrants totaling 1.3 billion shares (7.5% of total shares). Each holder of 2 IPO shares will receive 1 Series I Warrant, which can be exercised at Rp200 per share.

IPO Fund Allocation

• 10% – Working capital for operational needs.
• 90% – Strengthening equity of subsidiaries:
  • 36% – PT PCS International (ship purchases & working capital).
  • 14% – PT OTS International (working capital).
  • 26% – PT Humpuss Transportasi Curah (ship purchases & working capital).
  • 14% – PT MCS International (working capital).
  • 10% – PT ETSI Hutama Maritim (working capital).

Tirta emphasized that these capital expenditures align with HUMI’s vision to support Indonesia’s energy distribution and port-maritime ecosystem.

HUMI Sustainability Program

HUMI integrates sustainability into its operations by applying Good Corporate Governance (GCG), implementing international standard safety, health, and environmental practices, and consistently improving human resource quality.

The Company emphasizes:

• Operational excellence in line with OHS standards.
• Environmental management programs, target setting, monitoring, and internal & external audits.
• Equal opportunities for employees in decision-making, based on ethics and compliance.

Capital Market Supporting Institutions

To support the IPO, HUMI has appointed the following institutions:

• Underwriter: PT Reliance Sekuritas Indonesia Tbk
• Legal Consultant: Ery Yunasri & Partners
• Public Accountant Firm: KAP Purwantono, Sungkono & Surja (EY member)
• Notary: Christina Dwi Utami, SH, M.Hum, M.Kn
• Securities Administration Bureau: PT EDI Indonesia

HUMI has received in-principle approval from the Indonesia Stock Exchange and a Pre-Effective Statement from OJK. The initial offering period was held on July 18–24, 2023, via the e-IPO system, with the estimated listing date in early August 2023.

About PT Humpuss Maritim Internasional Tbk

Established in 2016 as PT Misi Hutama Internasional and renamed PT Humpuss Maritim Internasional in 2022, HUMI is a subsidiary of HITS. With a vision to become a leading maritime company in Indonesia, HUMI is committed to creating sustainable value for stakeholders through its role in energy distribution, infrastructure, and maritime ecosystems.

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For further information, please contact:
Corporate Secretary
PT Humpuss Maritim Internasional Tbk.
Email: corpsec@humi.co.id