Investor Presentaiton

Well Positioned Product and Strong Customer Base Focused on Asia ASH% (adb) Ash content: 2%-3% (adb) 20 15 10 5 envirocoal Envirocoal is among the lowest pollutant content coal in the seaborne market Nitrogen content: 0.9% - 1.0% (daf) Sulfur content: 0.1% - 0.25% (adb) Nitrogen % (daf) 30 2.5 2.0 1.5 1.0 envirocoal 0.5 0.0 Thermal Coal Sales by Destination (1H23) Northeast Asia 19% India 11% Indonesia 25% China 23% Southeast Asia 23% Total Sulfur % (adb) 30 2.5 2.0 1.5 1.0 0.5 envirocoal 0.0 Customer type by volume (1H23) Others, 10% Power Plant, 90% adaro *others include cement, pulp & paper, and industrial 30

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