Investor Presentaiton
2 Strong Demand Dynamics for Indonesian Coal
Regional
Indonesian coal is well placed to serve the growing regional markets, particularly in SEA and India. Its low-sulfur and low-
ash content also makes it highly sought after by power generators that need to meet mandated emission standards
Indonesia has Proximity to Key Regional Import Markets
China
South
Korea Japan
Hong Konga
Taiwan
India
Thailand
Vietnam
Philippines
Malaysia
Indonesia
One of the Lowest Cost Producing Markets Globally
Average Cost of Coal Production (US$/t) (1)
80
60
40
20
0
22
32
49
58
Tabang mine
Colombia
Indonesia
South Africa
Source: Wood Mackenzie, Global Coal Plant Tracker
60
62
Australia
USA
66
99
Canada
Indonesian Coal has Lowest Impurity Content Globally
Ash (%)
Total Sulphur (%)
30%
2%
1.32%
0.67%
15%
0.13% 0.47% 10.40%
3.5% 5.0% 6.0%
0.30%
11.1%
0.70%
0.39%
11.6% 13.0%
0.51% 0.68%
17.8%
15.2%
8.9%
9.6%
1%
0%
0%
4200
L
■Ash
◆ Total Sulfur
Tabang Indonesia IC14 Colombia United Canada Russia FOB Australia South
mine
States
Newcastle
Africa
Growing Regional Markets in SEA and India
Global Seaborne Thermal Coal Import Demand 2017-2025E CAGR (%)
12
6
0
(6)
(12)
669
78
(7.1)
China
67
China
Notes
(1) As of 2019, on energy adjusted basis, according to Wood Mackenzie independently derived seaborne coal cash cost curve.
(2) Japan, South Korea, Taiwan.
23
(1.2)
Rest of World
0.2
JKT (2)
3.1
India
Coal Fired Power Stations Build in Regional Markets
7.3
SEA
# of Stations
90
47
45
50
41
27
20
9
19
16
4
9
3
1
4
2
0
India
Indonesia
Vietnam Bangladesh Philippines
Thailand
Cambodia
Myanmar
■Construction
■Announced + Pre-permit + Permitted
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