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Investor Presentaiton

450 400 350 300 250 200 150 100 50 0 Jan-17 Apr-17 Strong Price Maintained due to Tight Market Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 -NEX (US$) ICI 3 (US$) -ICI 4 (US$) Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 QHD 5500 NAR (RMB) adaro 1100 1000 900 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 800 700 600 500 400 300 Prices have remained volatile at high levels. Demand from India and Southeast Asia has supported Indonesian thermal coal imports - due to inclement weather and also supply crunch. Australian and Indonesian thermal coal supply has underperformed over the first four months vs last year. ā˜ Prices for benchmark Australian coal and Harga Batu Bara Acuan (HBA) have reached historical highs. +
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