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Investor Presentaiton

Industry Positioning (continued) Some of the highest margins amongst our peers 2020 EBITDA 2020 EBITDA Margin US$mm % 1,000 883.0 40 34.8 800 30 25.6 25.3 598.8 600 356.7 20 16.3 15.8 13.9 12.9 400 300.6 187.0 160.7 148.0 10 200 0 0 Adaro Bumi Bayan PTBA ITMG Kideco Golden Adaro Bayan PTBA Bumi ITMG Energy Golden Kideco Energy Source: Company Filings, Company Data Source: Company Filings, Company Data 2020 Net Profit US$mm 400 344.5 300 165.2 158.5 200 95.9 75.4 2020 Net Profit Margin % 30 30 24.7 20 20 100 37.8 10 0 13.9 9.0 6.3 6.0 3.2 -100 Bayan PTBA Adaro -200 Golden Kideco ITMG Energy Bumi 0 Bayan PTBA -300 -10 Golden Adaro Energy Kideco ITMG Bumi -400 (293.9) (8.0) Source: Company Filings, EBITDA estimated using Company Data 17 Source: Company Filings, Company Data PT BAYAN RESOURCES Tbk.
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