Investor Presentaiton

Robust Demand Outlook for Metallurgical Coal Million Tonnes 450 400 350 300 250 200 150 100 50 Global metallurgical coal imports demand (Mt) adaro production The long-term demand fundamentals for metallurgical coal remain intact, underpinned by infrastructure Steel growth. and consumption is forecasted to grow. Met coal demand is expected to reach nearly 400 Mt in 2030. India is expected to be the growth driver and China's demand is forecasted to remain stable in the next decade. 2019 2020 2021- 2022- 2023 - 2024 2025 2026 - 2027 - 2028- 2029- 2030 China ■South Korea ■Others Source: McCloskey India Japan ■Europe South America CO 6

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