Australia Coal and Laos Power: Operational and Financial Summary

Coal business: 2016 and beyond • OPERATIONAL IMPROVEMENT Trubaindo infrastructure development (hauling road • improvement, bridge construction, etc.) Gaohe capacity ramp-up from railway spur completion PROJECT CAPITAL RATIONALISATION* $521M Mongolia Australia Indonesia $154M 2012-15 2016-20** * Limited to committed project capital ** Indicative plan subject to change BANPU BANPU EBITDA MARGIN IMPROVEMENT • • Rationalize production and sales volume by leveraging cost cutting efforts Expect to improve group EBITDA margin through higher blended coal ASPS and cost reduction OPPORTUNITIES FOR INORGANIC EXPANSION • Falling coal asset prices and distressed assets could bring acquisition opportunities 49

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