Investor Presentaiton

Adaro Energy Indonesia's Performance Continue to deliver consistent results and strong cash flows adaro OPERATIONAL 1Q23 1Q22 Change Production (Mt) 15.69 12.15 29% Sales (Mt) 15.72 12.20 29% OB removal (Mbcm) 56.45 48.22 17% FINANCIAL ($ millions, unless indicated) 1Q23 1Q22 Change Net Revenue 1,839 1,225 50% Core Earnings 538 484 11% Operational EBITDA 726 755 -4% Cash 3,011 1,556 94% Net Debt (Cash) (1,578) (112) 1,305% Capex 132 70 87% Free Cash Flow 522 352 48% Operational EBITDA Margin 40% 62% -22% Net Debt (Cash) to Equity (x) Net Cash Net Cash Net Debt (Cash) to Last 12 months Operational EBITDA (x) Net Cash Net Cash Cash from Operations to Capex (x) (3.01) 3.04 -199% 4

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