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Investor Presentaiton

One of the Lowest Cost Producers in Indonesia Global Cost Competitive Positioning Seaborne Export Thermal energy adjusted Curve 2022 200 Total Cash Cost Indonesia 150- 100 50 S 10.8 ➤ Tabang is independently rated as one of the worlds lowest cost producers of energy-adjusted seaborne thermal coal. Tabang has large reserves and a very low Life of Mine (LOM) stripping ratio of 4.3. A new JORC reserves statement in 2022 resulted in an increase of 18% in Tabang/Pakar North reserves to 1,692 million MT. Tabang has one of the lowest average stripping ratio's in Indonesia. 2:00 300 400 500 and 7:00 800 90-0 Milion Tonnes Source: Wood Mackenzia Ltd, Dataset August 2022 Source: Wood Mackenzie 1H22 Strip Ratio 12 10 8 5.3 5.6 6 4.0 4.2 3.6 4 2.9 2 0 Tabang Adaro Bayan Bumi Kideco PTBA ITMG Source: Company Filings, Company Data 5
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