#1PT ABM Investama Tbk SEW TAA SEMATAMA 1H 2014 Result Company Presentation ABM empoweringenergy PT ABM Investama Tbk. A member of Tiara Marga Trakindo Group www.abm-investama.com CK#2Cautionary Statements DISCLAIMER: This presentation has been prepared by PT ABM Investama Tbk ("ABMM" or the "Company") solely for general information. By attending the meeting where the presentation is made, or by reading the presentation slides, you acknowledge and agree to the limitations and notifications as stated herein. This presentation is for informational purposes only and does not constitute and should not be construed as, an offer to sell or issue, or invitation to purchase or subscribe for or the solicitation of an offer to buy, acquire or subscribe for, any securities of the Company or any of its subsidiaries, joint ventures or affiliates in any jurisdiction or an inducement to enter into investment activity. We disclaim any responsibility or liability whatsoever arising which may be brought or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither PT ABM Investama Tbk and/or its affiliated companies and/or their respective Management Boards and employees accepts liability for any errors, omissions, negligent or otherwise, in this presentation and any inaccuracy here in or omission here from which might otherwise arise. You will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business. FORWARD-LOOKING STATEMENTS: This presentation may include "forward-looking statements", which are based on current expectations and projections about future events and include all statements other than statements of historical facts, including, without limitation, any statements preceded by, followed by or that include the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "would", "plans", "could", "predicts", "projects", "estimates", "foresees" or similar expressions or the negative thereof. Such forward-looking statements, as well as those included in any other material discussed at the presentation, concern future circumstances and results and involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company and its subsidiaries present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date as of which they are made, and none of the Company, the selling shareholders or any of their respective Management Boards, employee, agents, or advisors intends or has any duty or obligation to supplement, amend, update or revise any such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based or whether in the light of new information, future events or otherwise. Given the aforementioned risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise. Some of the information in this presentation is subject to change without notice. The opinions contained in this presentation are provided as at the date of this presentation and are subject to change without notice. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date.#3About ABM IDX Stock Code Listing Date / IPO Price Last Price (June 30, 2014) Market Cap (June 30, 2014) Free Float ABMM December 6, 2011 / IDR 3,750 IDR 2,970 IDR 8,177 billion (US$ 688.6 million) 11.4% PT ABM Investama Tbk (ABM) is an integrated energy company involved in strategic investment in the energy-related sector, including resources, services and infrastructure. ABM provides integrated energy solutions with business synergy centered in three key business units in coal production, mining contract services, and electrical power solutions. These primary business units are supported by important business components such as engineering services and integrated logistics services. 3#4Coal Mining & reswara ABM's Five Strategic Business Units (SBUS) ABM • empoweringenergy • Established 2006 Employees: 8,538 (Holding: 65) ABM empoweringenergy C SEWATAMA SANGGAR SARANA BAJA POWER SOLUTIONS PROVIDER Cipta Kridatama Mine Contractor Power Solutions CKB INTEGRATED LOGISTICS SERVICES Engineering Services Integrated Logistics . Established 2010 ⚫7,703 hectares concession area under 4 IUPS • Estimated JORC coal reserves and resources of 221 and 561 million tons, respectively · Employees: 419 • Established 1997 ⚫Fleet of 474 heavy equipment serving 11 customers • Backlog Overburden 632 million bcm and 29 million tons • Employees: 3,209 • Established 1992 833 generators (over 1,100 MW capacity) Manages more than 90 diesel power generation projects in Indonesia Employees: 1,725 • Established 1977 • 10 engineering services workshops providing fabrication, remanufacturing, transport equipment and site services • Customers mainly in mining, oil and gas, petrochemical and power sectors • Employees: 2,203 • Established 1997 . Operates fleet of vessels, trucks, loaders and dry containers •Provides coal logistics, freight forwarding and project logistics • 35 branches and . offices located throughout Indonesia Employees: 917#5BASI Recent Updates Operational Highlights Financial Highlights Strategy and Mitigations Appendices 6#6☐ ☐ Recent Updates ABM empoweringenergy January 20, 2014 - ABM made a loan drawdown from the Term Loan Facility (TLF) of US$319 million as part of the Company's financing consolidation to repay the bank loans of its subsidiaries except Sumberdaya Sewatama February 18, 2014 - Alfa Trans Raya (ATR), the industrial vessel subsidiary of Cipta Krida Bahari (CKB), signed "Memorandum of Agreement" with the Maritime Company for Navigation on behalf of Al Blagha Holding Group to conduct the sales transaction for "Adinda Bella", "Adinda Gitta", and "Adinda Hira” with total sales price of approximately US$15.7 million February 25, 2014 - Nagata Dinamika Hydro Energy Ma'dong (NDHE Ma'dong), a subsidiary of Nagata Bisma Shakti, the sub holding subsidiary for renewable energy of Sumberdaya Sewatama, officially commenced the construction of the 10MW mini hydro power plant in North Toraja, South Sulawesi with commencement targeted in the next 2 years February 28, 2014 - ATR executed the sales transaction for "Adinda Bella", "Adinda Gitta", and Adinda Hira" with the Maritime Company for Navigation on behalf of Al Blagha Holding Group February 28, 2014 - ABM made a loan drawdown from the Working Capital Facility (WCF) of US$12 million, as part of the Company's financing consolidation signed on December 18, 2013 June 27, 2014 - ABM signed a subordinated loan agreement with Valle Varde Pte Ltd, the parent entity of the Company, to obtain US$30 million facility for standby working capital 6#7(in USD million) Net Revenues EBITDA EBITDA margin Net Profit¹ 1H 2014 Result Summary 1H 2013 422.9 80.8 19.1% 20.5 111 1H 2014 Net Profit Margin 4.8% ABM empoweringenergy 360.6 Y-o-Y (14.7%) 70.1 (13.3%) 19.4% 4.7 (77.2%) 1.3% 1: Including net gain on the sales of fixed assets of US$3.9mn (1H 2014) and US$17.3mn (1H 2013) Dec 31, (in USD million) 2013 Cash and Near Cash² 104.3 Total Interest Bearing Debt³ 615.4 Net Debt 511.1 Net Debt to Equity Ratio 1.58x Net Debt to EBITDA 3.77x 111 Jun 30, 2014 130.6 26.3 670.5 55.1 539.9 28.8 1.64x 4.32x 2: Including other current financial assets of US$23.8mn (June 30, 2014) and US$14.2mn (December 31, 2013) 3: including financial leases of US$119.9mn (June 30, 2014) and US$143.4mn (December 31, 2013) 7#8Recent Updates Operational Highlights Financial Highlights Strategy and Mitigations Appendices 9#9Operational Highlights Page 10 Page 28 Page 35 Page 40 Page 44 reswara ☑K Cipta Kridatama SEWATAMA POWER SOLUTIONS PROVIDER SANGGAR SARANA BAJA CKB INTEGRATED LOGISTICS SERVICES COAL MINING MINE CONTRACTOR POWER SOLUTIONS ENGINEERING SERVICES INTEGRATED LOGISTICS Rapid production growth from 3 mining companies with total coal production of nearly 5.0 million tons in 2013 One of Indonesia's top 10 mine contractors with overburden removal of 89 million BCM and rental service to extract 12 million tons of coal in 2013 Leading power engine rental with installed capacity of more than 1.1GW, currently developing IPP business and O&M services Unique engineering services provider with exposure to oil & gas, mining, power generation transportation, and heavy equipment sectors A growing logistics player offering customized services ranging from freight forwarding, project logistics, industrial/ offshore and coal logistics shipping, warehouse and shorebase management services 9#10Coal Production at TIA, South Kalimantan#11Barge Conveyer at TIA, South Kalimantan#12Capsize Maiden Shipment for TIA coal#13Snapshot: Reswara Minergi Hartama (Reswara) - Coal Mining PT TUNAS INTI ABADI Mine Location Type of Permit Coal Quality JORC Reserves TIA - The Compliant Coal Tunas Inti Abadi (TIA) : South Kalimantan : Mining Authorization (IUP) : 4,100-3,900kcal/kg (GAR) 5.7% ash (adb), 0.3% -0.5% Sulfur (adb) : 52 million tons Commercial Start: August 2009 2013 Production : 4.6 million tons cad mifo bersaudara Mine Location Type of Permit Coal Quality JORC Reserves Mifa Bersaudara (MIFA) : Aceh : Mining Authorization (IUP) : 3,400-3,200kcal/kg (GAR) 4.6% ash (adb), 0.2% -0.4% Sulfur (adb) : 150 million tons Commercial Start: 2H 2014 (target) 2013 Production : 236 thousand tons 0 Bara Energi Lestari Mine Location Bara Energi Lestari (BEL) Type of Permit Coal Quality JORC Reserves : Aceh : Mining Authorization (IUP) : 3,400-3,200kcal/kg (GAR) 4.6% ash (adb), 0.2%-0.4% Sulfur (adb) : 19 million tons Commercial Start: 2012 2013 Production : 129 thousand tons ☐ 70% stake through Media Djaya Bersama (MDB) 13 reswara#14Reswara Minergi Hartama (Reswara) - Coal Mining Recent Updates: reswara ■ Total production volume and sales volume of Reswara group in 1H 2014 amounted 2.96 mn tons and 3.00 mn tons, respectively ■ Tunas Inti Abadi (TIA), the biggest coal mine in Reswara group, reported total sales of 2.85 mn tons, accounted for 95% of total Reswara's group sales volume in 1H 2014 ■ TIA continued to have Capesize shipment on April 2014 to June 2014, after maiden shipment on March 2014 ■ MIFA (Aceh project) targeted to commence its large-scale commercial production by 2H 2014 14#15Reswara: Production Volume 1H 2014 vs. 1H 2013 1H 2014 Reswara Coal Production (thousand tons) Production Volume Breakdown +15% MIFA 2,9% BEL 1,4% 2.580 2.962 1H 2013 1H 2014 TIA 95,8% 1H 2013 Production Volume Breakdown MIFA BEL 4,4% 1,5% TIA 94,1% 15 reswara#16Reswara: Production Volume 1H 2014 vs. 1H 2013 TIA Production (thousand tons) MIFA Production (thousand tons) BEL Production (thousand tons) 2.427 2.837 114 85 39 40 40 1H 2013 1H 2014 1H 2013 1H 2014 1H 2013 1H 2014 reswara 16#17Reswara: Sales Volume 1H 2014 vs. 1H 2013 Reswara Coal Sales (thousand tons) 1H 2014 Sales Volume Breakdown MIFA BEL 3,0% 1,8% +2% 2.927 1H 2013 2.996 1H 2014 Note: Include TIA trading volume of 8k tons (1H 2014) vs. 413k tons (1H 2013) O TIA 95,6% 1H 2013 Sales Volume Breakdown MIFA BEL 2,9% 1,5% O TIA 95,2% 17 17 reswara#18Reswara: Sales Volume 1H 2014 vs. 1H 2013 TIA Sales (thousand tons) MIFA Sales (thousand tons) 2.798 2.852 84 91 BEL Sales (thousand tons) 45 53 1H 2013 1H 2014 1H 2013 1H 2014 1H 2013 1H 2014 reswara 18#19Reswara: Market Destination 1H 2014 ■ All of MIFA and BEL coal sold to the domestic buyers Most of TIA coal exported to China and India Breakdown of Customers based on Sales Volume India 37% Domestic 5% China 58% 19 reswara#206.000 5.000 4.000 3.000 2.000 1.000 Reswara: Coal Sales and Production 2009 - 2013 113 Production Volume and Sales Volume (thousand tons) 1.179 999 695 1.906 2.163 3.921 FY 2009 FY 2010 FY 2011 Entire coal production volume and sales volume contributed by TIA 5.325 4.971 4.665 FY 2012 FY 2013 reswara 20 20#21TIA: Monthly Sales Volume and Production Volume 1H 2014 Coal Sales: 2.85 mn tons, +2% y-o-y TIA Coal Sales (thousand tons) 1H 2014 Coal Production : 2.84 mn tons, +17% y-o-y TIA Coal Production ( thousand tons) 532,7 493,8 475,6 472,6 -474,4 437,2 441,2 533,3 472,9 482,5 421,9 reswara 450,7 Jan-14 Feb-14 Mar-14 Apr-14 Mei-14 Jun-14 Jan-14 Feb-14 Mar-14 Apr-14 Mei-14 Jun-14 21#22TIA: ASP, Cash Cost, Stripping Ratio (SR) ASP ( USD/ton) Cash Cost (USD / ton) Stripping Ratio (SR) 38,9 -3% 37,8 33,0 -7% +6% 3,5 30,6 3,3 1H 2013 1H 2014 1H 2013 1H 2014 1H 2013 1H 2014 reswara 22#23TIA: Monthly ASP, Cash Cost, and Stripping Ratio (SR) reswara 1H 2014 ASP: USD37.8/ton, Cash Cost: USD30.6/ton TIA ASP & Cash Cost 1H 2014 average SR: 3.5x TIA SR (x) 4,5 4,5 4,5 38,4 38,6 37,7 -37,4 -37,3 -37,3- 31,2 29,9 30,4 30,8 30,7 30,7 3,9 3,8 3,3- 3,8 4,5- 3,3 2,8 Jan-14 Jan-14 Feb-14 Mar-14 Apr-14 Mei-14 Jun-14 Feb-14 Mar-14 Apr-14 Mei-14 Jun-14 TIA ASP TIA Cash Cost SR (Act) ◄□SR (Std) 23#24140,00 $ 135,00 $ 130,00 $ 125,00 $ 120,00 $ 115,00 $ 110,00 $ 105,00 $ 100,00 $ 95,00 $ 90,00 $ 85,00 $ 80,00 $ = US$ 86.5 75,00 $ Jan 2011 70,00 $ 65,00 $ 60,00 $ 55,00 $ 50,00 $ 45,00 $ 40,00 $ 35,00 $ 30,00 $ 25,00 $ 20,00 $ Dec-09 Apr-10 Jul-10 Nov-10 Feb-11 2011 TTTTTT Jun-11 Sep-11 Newcastle Coal Price Index vs. TIA ASP IC14050 TIA Jan-12 Apr-12 2012 Aug-12 NEWC = = US$ 54.9 Dec 2012 = US$ 32.2 ¦ Jun 2014 Nov-12 Mar-13 Jun-13 2013 TTTTTTTT Sep-13 Jan-14 Apr-14 2014 Aug-14 24 reswara#25MDB Project Update: 1H 2014#26MDB Project Progress (1) Progress by June 30, 2014 (December 31, 2013): 1. Land Acquisition 84% (84%) 2. Port Construction 87% (77%) 3. Mining Site 89% (72%) 26 reswara#27MDB Project Progress (2) ■ Total project cost up to June 30, 2014 = US$143.9 million* (*) including working capital of US$29.1 million Breakdown of MDB Project Cost, excluding working capital, as of June 30, 2014 Legal Process 2% Financing Cost 11% Land Acquisition 12% Mining Construction 24% Port Construction 51% reswara 27 22#28Cipta Kridatama: Mine Contractor Snapshot: ■ CK began providing mining contractors services in 2002 Up to Jun 30, 2014, CK served 9 coal mining companies ■ Mobile fleet and equipment amounted 516 units#29Cipta Kridatama (CK) - Mine Contractor C Cipta Kridatama Recent Updates: ■ CK reported total 1H 2014 overburden removal of 50.1 million BCM, 4% higher than 48.4 million BCM reported in 1H 2013 ■ Total rental services in 1H 2014 reached 6.98 million tons of coal, relatively flat compared to 6.90 million tons of coal in 1H 2013 ■ CK had commenced mining-related infrastructure works such as road construction and road maintenance 29 29#30Overburden Removal Volume: 1Q 2014 vs. 1Q 2013 K Cipta Kridatama OB Removal (thousand bcm) 8.509 8.246 8.263 7.697 OB Removal ( million bcm ) 8.765 8.650 +4% 48,4 50,1 Jan-14 Feb-14 Mar-14 Apr-14 Mei-14 Jun-14 1Q 2013 1Q 2014 30#311.144 Rental Services Volume: 1Q 2014 vs. 1Q 2013 Rental Services ( thousand tons coal) 1.122 1.161 1.144 1.221 Rental Service (million tons coal) 1.182 +1% 6,90 6,98 Jan-14 Feb-14 Mar-14 Apr-14 Mei-14 Jun-14 1H 2013 1H 2014 C Cipta Kridatama 31#32150,0 130,0 Overburden Removal Volume 2008 - 2013 C Cipta Kridatama OB Removal (million bcm ) 110,0 104,2 100,0 90,0 70,0 73,8 50,0 118,0 130,0 89,2 30,0 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 32 32#3314,0 12,0 10,0 8,0 6,0 5,4 4,0 2,0 Rental Services Volume 2008 - 2013 C Cipta Kridatama 7,1 Rental Service (million tons coal) 8,3 10,6 12,4 11,9 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 33#34CK Customers and Backlog Order C Cipta Kridatama Client Mining Project Sites Operating Agreements as of Sep 30, 2013 Expected Contract Duration Backlog Kalimantan (bcm/ton) MSJ Separi, East Kalimantan - Jun 2004 Sep 2015 72.5/7.5 MHU 2 Jongon, East Kalimantan Nov 2007 Oct 2015 69.2/5 8 3 TIA Sebambam, Tanah Bumbu, South Kalimantan Apr 2009 Jul 2020 125/21 Batulicin, ΑΙ 4 2003 life mine 12/2 South Kalimantan Sumatra 5 TW Ketaun, Bengkulu Mar 2011 Mar 2017 84/- RBH 6 Siambul, Riau Feb 2012 - Feb 2017 92/- Loan Janan, East RK Jun 2012 - Jun 2017 69/- Kalimantan 8 Batu Sopag, East TMJ - Nov 2012 Nov 2017 135 5 Kalimantan RJM 9 Musi Banyuasin, South Sumatra Mar 2013 Mar 2018 90 Total 750 / 36.2 34#35SEW TANIA Sumberdaya Sewatama: Power Solution Snapshot: ■ Indonesia's leading power engine rental with installed capacity of over 1 GW ☐ Expanding into IPP business since 2012 Starting to construct mini-hydro power plant in February 2014 1.200 Temporary Power Installed Capacity (MW) 1.113 1.010 1.000 SEM ATAMA -934 792 800 758 638 600 400 200 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013#36Sumberdaya Sewatama: Power Solution SEWATAMA POWER SOLUTIONS PROVIDER Recent Updates: ■ Electricity production from temporary power reached 2,448 million kWh, a 9% Y-o-Y increase ■ IPP business produced electricity amounted 30.3 million kWh, increased by 9% Y-o-Y ■ Construction of mini-hydro plant had started on February with commencement target in 2 years 36#37Temporary Power: Electricity Production SEWATAMA POWER SOLUTIONS PROVIDER Electricity Production (in million kWh) Electricity Production (in million kWh) 2.244 1H 2013 +9% 2.448 1 435 374- 417 404 417 401 1H 2014 Jan-14 Feb-14 Mar-14 Apr-14 Mei-14 Jun-14 37#38Temporary Power: Installed Capacity & Generator SEWATAMA POWER SOLUTIONS PROVIDER Installed Capacity (MW) 1.113 +9% 1.020 1H 2013 1H 2014 Fuel-based Power Generator Gas MFO 0,8% 1,8% 1,113 MW Diesel 97,4% 38#39IPP: Electricity Production Electricity Production (in million kWh) 27,8 +9% 30,3 5,9 SEWATAMA POWER SOLUTIONS PROVIDER Electricity Production (in million kWh) 4,3 0,2 7,5 62 6,2 6,1 1H 2013 1H 2014 Jan-14 Feb-14 Mar-14 Apr-14 Mei-14 Jun-14 39#40☐ ☐ Sanggar Sarana Baja: Engineering Services Snapshot: Established in 1977, one of Indonesia's pioneer in modern engineering services Operating in 15 locations serving Indonesia's largest coal and mineral mining sites Currently SSB provides four different engineering services as below FABRICATION Design and manufacture of process equipment, general fabrication, site construction and installation solutions REMANUFACTURING Salvaging, remanufacturing and manufacturing of heavy equipment core components SITE SERVICES On-site repair, process plant maintenance and construction services TRANSPORT EQUIPMENT Designing, manufacturing and distributing products for transportation and material handling business PRICES 'PB" BANO#41Sanggar Sarana Baja: Engineering Services SANGGAR SARANA BAJA Recent Updates: ■ Fabrication currently handled 46 projects with total on hand of about US$21.2 million as of 1H 2014 ■ Transport Equipment achieved 90 units in 1H 2014 ▪ Remanufacturing reported 1H 2014 total machine hours and man hours of 106, 679 and 59,794, respectively ■ Site Services posted 722,908 of man hours in 1H 2014 41#42Fabrication and Transportation Number of Fabrication Projects 128 79 Number of Transport Units 130 90 1H 2013 1H 2014 1H 2013 1H 2014 42#43Remanufacturing and Site Services Remanufacturing Activities (hours) Site Services' Man Hours (thousand hours) Man Hours 73.564 Man Hours 59.794 Machine Hours 129.635 Machine Hours 106.679 948 723 1H 2013 1H 2014 1H 2013 1H 2014 43#44Cipta Krida Bahari: Integrated Logistics Snapshot: CKB expanded to be an integrated logistics provider offering various services such as: • Freight Forwarding • Project Logistics • Warehouse Management Shore Base Management Industrial / Offshore and Coal Logistics Shipping CK Total Weight (thousand tons INTEGRATED LOGISTICS SERVICES. 611 697 800 700 600 500 400 300 269 200 100 431 FY 2010 FY 2011 FY 2012 FY 2013#45Cipta Krida Bahari (CKB): Integrated Logistics Recent Updates: CKB INTEGRATED LOGISTICS SERVICES Chargeable weight of Integrated Logistics achieved 21.3 thousand tons, number of heavy equipment moved amounted 900 units, and floor space rented was 545 thousand square meters (SQM) as of 1H 2014 ■ ATR had total billable days of 2,468 from total fleet of 18 vessels in 1H 2014 ■ BDD handled nearly 2.9mn tons of coal in 1H 2014 45#46Integrated Logistics CKB: Integrated Logistics Chargeable Weight (thousand tons) 26 21 21 CKB INTEGRATED LOGISTICS SERVICES Project Logistics Warehouse Management Number of Heavy Equipment (units) Space Rented (thousand SQM) 2.998 900 660,6 545,0 1H 2013 1H 2014 1H 2013 1H 2014 1H 2013 1H 2014 46 46#472.114 Billable Days +17% CKB: Industrial Shipping 2.468 14 Number of Vessel +29% 18 1H 2013 1Q 2014 1H 2013 1H 2014 CKB INTEGRATED LOGISTICS SERVICES 47#48Coal Logistics: TIA (thousand metric tons) 2.649 +7% CKB: Coal Logistics Coal Logistics: Others (thousand metric tons) Total Coal Logistics (thousand metric tons) +7% 2.898 2.833 60,2 58,0 2.709 CKB INTEGRATED LOGISTICS SERVICES 1H 2013 1H 2014 1H 2013 1H 2014 1H 2013 1H 2014 888 48#49Recent Updates Operational Highligh Financial Highlights K 50 Strategy and Mitigations Appendices#50Key Selected Consolidated Financial Figures (in USD million) ABM empoweringenergy 1H 2014 1H 2013 YOY Net Revenues EBITDA Net Profit¹ 360.6 422.9 -14.7% 70.1 80.8 -13.3% 4.7 20.5 -77.2% As at As at Mar 31, 2014 Dec 31, 2013 Change Rupiah per USD 11,969 12,189 (220) Cash and Near Cash² 130.6 104.3 26.3 Total Interest Bearing Debt³ 670.5 615.4 55.1 Net Debt 539.9 511.1 28.8 Total Assets 1,253.9 1,213.1 40.7 Shareholders Equity4 328.7 323.4 5.2 Notes: 1) Including net gain on sales of assets of US$3.9mn (1H 2014) and US$17.3mn (1H 2013) 2) Including other current financial assets of US$23.8mn (June 30, 2014) and US$14.2mn (December 31, 2013) 3) including financial leases of US$119.9mn (June 30, 2014) and US$143.4mn (December 31, 2013) 4) excluding non-controlling interests 50#51ABM and Subsidiaries' Financial Reporting & Loans ABM empoweringenergy CK reswara Cipta Kridatama Functional Currency: USD Club Deal: YES SEWATAMA POWER SOLUTIONS PROVIDER SANGGAR SARANA BAJA ABM CKB INTEGRATED LOGISTICS SERVICES Functional Functional Currency: Currency: USD USD Functional Currency: Rupiah Functional Currency: Rupiah Functional Currency: Rupiah Club Club Club Club Deal: Deal: Deal: Deal: Club Deal: YES YES NO YES YES NOTES: Functional Currency defined as the Reporting Currency Club Deal defined as ABM financing consolidation signed on December 2013 51 empoweringenergy#52(in USD million) Consolidated Profit & Loss ABM empoweringenergy 1H 2014 1H 2013 Y-o-Y 2Q 2014 1Q 2014 Q-o-Q Net Revenues 360.6 422.9 -14.7% 188.0 172.6 9.0% Cost of Goods Sold and Services (275.7) (331.2) -16.8% (145.4) (130.3) 11.6% Gross Profit 84.9 91.6 -7.3% 42.7 42.3 0.9% Gross Profit Margin 23.6% 21.7% 22.7% 24.5% Selling, G&A Expenses (63.5) (66.7) -4.8% (34.1) (29.5) 15.5% Other Operating Income (Expenses) 3.3 18.4 -81.9% (0.4) 3.8 N/M Finance Income 2.8 2.2 22.9% 1.4 1.4 0.7% Finance Expenses (19.9) (24.1) -17.1% (10.1) (9.9) 2.4% Equity in Associate's Earnings 0.1 0.6 -82.8% 0.0 0.1 -49.5% Pre-tax Profit (Loss) 7.7 22.1 -65.3% (0.5) 8.2 N/M Income Tax (4.2) (2.4) 75.5% (1.2) (3.0) -61.7% Minority Interest 1.2 0.7 61.3% 0.4 0.8 -42.0% Net Profit (Loss) 4.7 20.5 -77.2% (1.2) 5.9 N/M Net Profit Margin 1.3% 4.8% -0.6% 3.4% Core Profit (Loss) 0.8 2.6 -70.6% (0.6) 2.0 N/M Core Profit Margin 0.2% 0.6% -0.3% 1.2% EBITDA 70.1 80.8 -13.3% 34.1 36.0 -5.3% EBITDA Margin 19.4% 19.1% 18.1% 20.9% 52#53(in USD million) Consolidated EBITDA Pre-tax Profit Add: Finance Charges Less: Finance Income Less: Other Operating Income 1H 2014 1H 2013 7.7 22.1 19.9 24.1 (2.8) (2.2) (9.5) (22.0) 6.2 3.7 Add: Other Operating Expense Less: Equity in Net Income of Associated (0.1) (0.6) Companies Add: Depreciation and Amortization EBITDA 48.7 55.9 70.1 80.8 ABM empoweringenergy 53#54Assets (in USD million) Cash and Other Current Financial Assets Trade Receivables, net Inventories, net Consolidated Balance Sheet ABM empoweringenergy Jun 30, 2014 Dec 31, 2013 Liabilities & Equities (in USD million) Jun 30, 2014 Dec 31, 2013 130.6 104.3 Short-term Interest Bearing Debts 82.8 161.1 224.4 174.8 Trade Payables, Third Parties 69.8 67.2 41.4 41.1 Trade Payables, Related Parties 90.7 114.7 Other Current Assets 44.8 63.8 Other Current Liabilities Total Current Assets 441.3 383.9 Total Current Liabilities Fixed Assets, net Mining Properties, net 47.0 42.6 290.3 385.6 613.6 613.6 Long-term Interest Bearing Debts 587.7 454.3 101.2 98.1 Other Non-Current Liabilities 49.9 51.2 Other Non-Current Assets 97.8 117.5 Total Non-Current Liabilities 637.6 505.5 Total Non-Current Assets 812.6 829.2 Total Liabilities Total Assets 927.8 891.1 Non-Controlling Interest (2.6) (1.4) 1,253.9 1,213.1 Shareholders' Equity 328.7 323.4 54#55Consolidated Cash Flow (in million USD) Jun 30, 2014 Dec 31, 2013 Change Receipt from Customers 309.9 386.5 (76.5) Payments to Suppliers & Employers (300.3) (319.3) 19.1 Net Payment of Interests (20.2) (21.7) 1.5 Net Payment of Taxes (2.6) 5.0 (7.6) Cash Provided by Operation Activities (13.1) 50.5 (63.6) Proceeds from Fixed Assets 18.7 21.5 (2.8) Acquisition of Fixed Assets & Mining Assets (36.5) (52.8) 16.2 Changes in Other Current Financial Assets (9.6) (16.2) 6.6 Cash Provided by Investment Activities (27.4) (47.4) 20.0 ABM Proceeds from Bank Loans 408.6 129.7 278.9 Payment of Bank Loans (351.3) (144.2) (207.1) Restricted Cash for Interest Payment (0.8) 0.8 Cash Provided by Financing Activities 57.3 (15.2) 72.6 Increase (Decrease) in Cash 16.8 (12.2) 29.0 Net Effect in Change in Forex (0.1) (0.6) 0.5 Beginning Cash Balance Ending Cash Balance 90.1 108.5 (18.4) 106.8 95.7 11.0 55 empoweringenergy#56Net Debt to Equity (x) 1.58x 1.64x Leverage Ratios All figures in US$ million unless otherwise stated Net Debt to EBITDA ( x ) 4,32 3,77 539,9 511,1 ■ Shareholders' Equity ■Net Debt 323,4 328,7 Dec 31, 2013 Jun 30, 2014 Outstanding Debts (US$ million) Dec 31, 2013 Jun 30, 2014 As at As at Jun 30, 2014 Dec 31, 2013 Change ABM excluding Sumberdaya Sewatama ABM Consolidated 501.9 451.5 50.3 670.5 615.4 55.1 ABM empoweringenergy#57117,4 Debt Maturity Profile* (in US$ million) 327,0 335,2 0,2 Debt Profile Below 1 year 1-3 years 3-5 years Above 5 years NOTE: (*) Including payment of interests Debt Profile based on Currency Total Debt: US$670.5mn US Dollar 73,3% Rupiah 26,7% Type of Debts Bonds and Sukuk 12,4% Finance Lease Payables 17,9% Total Debt: US$670.5mn 75,3% Bank Loans 69,7% Interest Rate Profile 12,4% 12,3% Total Debt: US$670.5mn ■Fixed Rate, More than 1 year ■ Floating Rate, Less than 1 year ■ Floating Rate, More than 1 year ABM empoweringenergy#581H 2014 Capex Breakdown by SBU Reswara 43,17% CK 4,07% Total Capex*: US$59.1mn SS 49,07% CKB 2,02% SSB 1,64% Note: (*) Capital Expenditure (CaPex) Before elimination ABM parent capex amounted US$9,966 or about 0.02% of 1H 2014 total capex (before elimination) ABM 58 empoweringenergy#59Revenues Breakdown by SBU 1H 2014 1H 2013 Change Y-o-Y CK 153.7 188.9 (35.1) (18.6%) Sewatama 66.2 69.7 (3.5) (5.0%) SSB 31.8 48.6 (16.8) (34.6%) CKB 63.1 64.8 (1.7) (2.7%) Reswara 112.6 113.0 (0.4) (0.4%) Consolidated* 360.6 422.9 (62.3) (14.7%) *Net Consolidated Revenues After Elimination ABM 59 empoweringenergy#60Reswara 26,3% CKB 14,8% Revenues Breakdown by SBU 1H 2014 CK Total Revenues*: US$427.5mn 36,0% SSB 7,4% SS 15,5% Reswara 23,3% 1H 2013 CKB 13,4% Total Revenues*: US$485.1mn CK 38,9% SSB 10,0% SS 14,4% Note (*): Revenues before elimination and excluded the gross revenues from ABM parent ("dewatering business") ABM empoweringenergy 60 60#61Gross Profit Breakdown by SBU 1H 2014 1H 2013 Change Y-o-Y CK 24.5 20.4 4.1 20.3% Sewatama 16.8 22.4 (5.5) (24.8%) SSB 6.2 9.3 (3.1) (33.5%) CKB 9.6 13.3 (3.7) (27.5%) Reswara 25.4 25.9 (0.5) (1.9%) Consolidated* 84.9 91.6 (6.7) (7.3%) *Net Consolidated Gross Profit After Elimination ABM empoweringenergy 61 59#62Reswara 30,8% CKB 11,7% Gross Profit Breakdown by SBU 1H 2014 Total Gross Profit*: US$82.6mn CK 29,6% Reswara 28,4% 1H 2013 Total Gross Profit*: US$91.3mn CKB SS 14,6% SSB 7,5% 20,4% SSB 10,2% Note (*): Gross Profit before elimination and excluded the gross profit from ABM parent operation ("dewatering business") CK 22,3% SS 24,5% ABM empoweringenergy 62 62#63EBITDA Breakdown by SBU 1H 2014 1H 2013 Change Y-o-Y CK 28.1 36.3 (8.1) (22.4%) Sewatama 32.6 35.0 (2.4) (6.9%) SSB (1.3) 2.3 (3.6) N/M CKB 6.2 8.3 (2.1) (25.2%) Reswara 7.0 3.3 3.7 110.7% Consolidated* 70.1 80.8 (10.7) (13.3%) *Net Consolidated EBITDA After Elimination ABM 63 empoweringenergy#64CKB SSB 8,5% -1.7% 1H 2014 Reswara 9,6% SS 44,9% EBITDA Breakdown by SBU 1H 2013 Reswara CKB 3,9% 9,7% SSB 7% CK Total EBITDA*: US$72.7mn 38,7% SS 41,1% Note (*): EBITDA before elimination and excluded the EBITDA from ABM parent operation ("dewatering business") CK 42,6% Total EBITDA*: US$85.2mn ABM empoweringenergy 64 =4#65Net Profit Breakdown by SBU 1H 2014 1H 2013 Change Y-o-Y CK 6.4 2.9 3.5 119.0% Sewatama 1.0 5.2 (4.3) (81.3%) SSB (3.9) 13.3 (17.2) N/M CKB 1.1 2.7 (1.6) (59.6%) Reswara 1.8 (1.7) 3.6 N/M Consolidated* 4.7 20.5 (15.8) (77.2) *Net Consolidated Profit Attributable to the Owner of Parent Company After Elimination ABM empoweringenergy 65 55#66Segment / Subsidiary Net Profit Breakdown by SBU 1H 2014 1H 2013 Coal Mine/Reswara 28.1% -7.8% Mine Contractor / CK Power Solution / Sewatama 99.6% 13.1% 15.1% 23.4% Engineering Services / SSB -59.6% 59.4% Integrated Logistics / CKB 16.7% 11.9% Total 100.0% 100.0% * Net Profit ✶ (USD million) 6.5 22.4 Net Profit ** (USD million) 4.7 20.5 Notes: * Net Profit attributable to owners of the parent company -- before elimination ** Net Profit attributable to owners of the parent company -- after elimination 66 99 ABM empoweringenergy#67Recent Updates 12028 LIEBHERR 201 68 Operational Highlights Finacial Highlights Strategy and Mitigations ppendices 20#68Strategy and Mitigations Slowdown in the U.S. and China economic growth may affect global business in 2014, as such ABM undertakes consolidation efforts with focus heavily on: Operational excellence Cost efficiency ■ Prudent cash flow management Capex for 2014 estimated at about USD 130-150 million 1H 2014 Capex: US$59.1 million vs. 1H 2013: US$74.4 million Focus on 1H 2014 Capex: ■ Power: IPP business ■ Coal: Aceh Project (MIFA completion) ABM 68 empoweringenergy#69Strategy and Mitigations reswara K Cipta Kridatama SEWATAMA POWER SOLUTIONS PROVIDER SANGGAR SARANA BAJA CKB INTEGRATED LOGISTICS SERVICES Increase exposure to the domestic market Completion of the MDB Project in Aceh Start to enter into earthmoving construction works Eyeing non-coal mining works Accelerate development of the IPP projects Seeks opportunity for non-organic growth Amplify diversification to beyond mining, including oil and gas sector Amplify diversification to beyond mining, including oil and gas sector 69 69 ABM empoweringenergy#70Strategy and Mitigations Our thesis for long-term remain solid Rising global population, higher energy needs Strategic investment business model Diversification to capture growth opportunity ABM empoweringenergy 70 70#716269 CB22602 C622F Recent Updates Operational Highlights. Financial High Pales Strategy and Mitigation Appendices 72 72 652860 GEZSTUZ#72Tiara Marga Trakindo Group Profile Tiara Marga Trakindo Group Structure TIARA MARGA Trakindo PT Tiara Marga Trakindo (TMT) PT Chandra PT Mahadana Sakti Utama Leasing Dasha Utama PT Trakindo Utama PT. HD Finance Tbk PT. Chitra Paratama MICHELIN PT Chakra Jawara CAT PT ABM Investama Tbk reswara K Cipta Kridatama PT Tri Swardana Utama SEWATAMA POWER SOLUTIONS PROVIDER Others SANGGAR SARANA BAJA Overview of Tiara Marga Trakindo Group Established in 1970, Trakindo was founded by AHK Hamami Trakindo became the sole authorized dealer for Caterpillar in 1971 and now has more than 70 branches Over a 40 year period, Trakindo has developed into one of the largest national groups in Indonesia Shareholder Value-Add to ABM Access to financial resources to support growth plans - Timely market intelligence and access TMT refers customers and is itself an important customer to ABM CKB INTEGRATED LOGISTICS SERVICES 72 2 TIARA MARGA Trakindo#7399.99% ABM Group and Shareholding Structure PT Tiara Marga Trakindo ("TMT") Valle Verde Pte. Ltd. Public 23.12% 55% 21.88% ABM empoweringenergy 99.99% PT Reswara Minergi Hartama ("Reswara") Coal production 99.99% PT Cipta Kridatama ("CK") Contract Mining 99.98% PT Sumberdaya Sewatama ("SS") Power solutions 99.96% PT Sanggar Sarana Baja ("SSB") Engineering services 99.99% PT Tunas Inti PT Pelabuhan Buana Abadi ("TIA") Coal production Reja ("PBR") Port operator & management 70.0% PT Media Djaya Bersama ("MDB") Coal production; Sub-Holding for BEL and Mifa 20% PT Metaepsi Pejebe Power Generation ("Meppogen") IPP 99.99% PT Bara Energi Lestari ("BEL") Coal production 99.99% PT Mifa Bersaudara ("Mifa") Coal production 99.9% 99.9% 99.98% PT Nagata Bisma Shakti ("NBS") PT Pradipa Aryasatya ("PAS") Sub-Holding for renewable energy IPP Sub-Holding for thermal energy IPP PT Prima Wiguna Parama ("PWP") General trading 51% PT Nagata Dinamika Renewable energy 70% PT Enegi Alam Semesta ("EAS") Thermal energy IPP IPP 99.99% ABM PT Cipta Krida Bahari ("CKB") Integrated logistics 99.9% empoweringenergy 99.99% PT Baruna Dirga Dharma ("BDD") Coal logistics PT Alfa Trans Raya ("ATR") Shipping 73#74Reswara: Coal Reserves, Resources, and Concession TIA MDB Total Total Resources: 561 Million Tons TIA 18.9% Coal Reserves (MT) Proved Reserves 13 7 20 Probable Reserves 39 162 201 MDB 81.1% Total Reserves: 221 Million Tons MDB 76.5% Total Reserves 52 169 221 Coal Resources TIA Measured 32 18 50 23.5% Indicated 39 289 328 Inferred 35 148 183 Total 106 455 561 Concession (Ha) 3,074 4,629 7,703 Based on Joint Ore Report (JORC) per Jun 2011 MDB as 100% basis 74 reswara#75Reswara: Coal Quality Parameters, Mine Concession Coal Characteristics Calorific Value (Adb) TIA 5,500-5,300 kcal/kg 5.7% MDB 5,300-5,100 kcal/kg 3,400-3,200 kcal/kg 43-45% 4.6% Caloric Value (GAR) 4,100-3,900 kcal/kg Total Moisture (AR) 35-37% Ash Content (Adb) Sulfur (Adb) 0.3-0.5% Concession Breakdown Current 0.2-0.4% Expiry Date Concession Entity Holding Company Type of Concession TIA TIA IUP Location Concession Area (ha) of Current Phase South Kalimantan 2,355 Mar 16, 2021 TIA TIA IUP South Kalimantan 719 Mar 5, 2021 BEL BEL IUP Aceh 1,495 Sep 26, 2017 Mifa Mifa IUP Aceh 3,134 Apr 13, 2025 75 reswara#76• TIA: Mine and Infrastructure Profile PT Tunas Inti Abadi TIA was acquired in Dec 2007, commenced commercial production in Aug 2009 and coal sales in Oct 2009 Coal mining is contracted to ABM subsidiary, CK TIA Site (South Kalimantan Province) Central Kalimantan Palangkaraya • 27 km from pit to port at Bunati Indonesia • 9-12 km from port to anchorage point at Bunati South Kalimantan Kalimantan • 8,000 tons barge loading capacity at jetty Banjarmasin Tunas Inti Abadi Project Area • 120,000 tons temporary pile facility at the mining pit Logistic advantages: Close to the Ocean reswara Balikpapan 76#77MDB: Mine and Infrastructure Profile MDB Site (Aceh Province) MELVAROH Public Port 10 km FBOS KEC.MEUREUBO INDIAN OCEAN MDB Port reswara IUP. PRODUKSI PT.MIFA BERSAUDARA 3.134 Ha ROM SP Crusher 12.3 km OLC UP PRODUKSI PT.BARA ENERGI LESTARI 1,495 Ha PLTU 1 X15 MW PT Media Djaya Bersama • 70% ownership in MDB To begin coal production in 2012 by using existing infrastructure and begin construction of own infrastructure in 2012 Intends to sell coal to Indian power plants for blending Logistic advantages: Close to the Ocean -12.3 km pit to port Plan to build land conveyer belt for logistic DeFats EAS 77#78TIA: 1H 2014 Production Cash Cost (Ex-Royalty) Structure Environment 1.6% Labor 2,1% Others 3,5% Warehousing 3,8% Mining Cost 89,0% 78 reswara#79CK: Heavy Equipment and Machinery Fleet ☑ Cipta Kridatama Type of equipment Dec 31, 2013 Excavator Capacity Number of units Average age (in years) - 250 350 tons 17 6.3 - 20 100 tons 99 2.5 Truck 30 - 100 tons 272 4.1 Dozer 73 2.4 Grader 14 - 16 feet 40 3.1 Wheel loader 4 2.8 Compactor 11 7.4 Total 516 19 79#80CK: 1H 2014 Cash Cost Structure C Cipta Kridatama Spareparts Etc 2,8% Others Blasting 4,0% 3,0% Rental 5,9% Mining Cost 2,3% Labor 15,5% Repairs & Maintenance 16,8% Fuel & Lubricant 31,9% Subcontractor 17,9% 80 80#81Model SS: Generator Profile SEWATAMA POWER SOLUTIONS PROVIDER Number of Units as of Dec 31, 2013 Capacity (kW) Average Useful Life Average Age as of Dec 31, 2013 (Years) (Years) 1,084,154 9 10 Diesel 905 Generator Sets Gas 5 9,000 14 6 Generator Sets MFO 11 20,000 14 2 Generator Sets Total 921 1,113,154 81#82Contact Investor Relations Adi Hartadi Tel:6221-2997-6767 Ext.1874 Fax: 6221-2997-6768 Email: [email protected] Email: [email protected] Website: www.abm-investama.com A member of Tiara Marga Trakindo Group PT ABM Investama Tbk. A member of Tiara Marga Trakindo Group www.abm-investama.com ABM empowering energy Gedung TMT 1, 18th Fl, Suite 1802 Jl Cilandak KKO No.1 Jakarta 12560 - Indonesia H