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Investor Presentaiton

4 Sustainable Platform with Incremental Brownfield Growth Opportunities with Minimal Capital Expenditure Required Bayan has the ability to exploit a number of brownfield opportunities at the North Pakar Concessions, and capitalize on existing infrastructure, thus substantially reducing ancillary development and operating costs. Further Growth Strategy Capex Intensity by Country (1) Asphalting of the Senyiur coal haul road commenced in 2017 and has been completed in 1Q 2021 US$/t Tabang Capacity Growth 250 60+ New coal haul road to the Mahakam River commenced construction in December 2019 with scheduled completion in 2022 New barge loading facility being built directly on the Mahakam River Upgrading of inloading and export jetty at Balikpapan Coal Terminal completed in 2020 with current 24mtpa of capacity 200 Today Upside ...Unlocking tangible capacity upside at US$11/ton (2) 150 Further upgrade of stockpiling capacity at Balikpapan Coal Terminal which will be complete in 2021 Budgeted capital expenditure of approximately US$407MM between 2020-2023, of which US$321MM will be on expansion to produce and handle an additional 30+ mtpa of capacity and US$86MM on sustaining and maintenance Includes the newly planned expansion of Balikpapan Coal Terminal to include a second shiploading berth and additional unloading cranes, currently anticipated to be completed by end of 2023 100 50 50 130 110 96 98 85 71 65 50 50 0 Tabang Mine 23 11 13 Indonesia Western US US Illinois Basin Source: Wood Mackenzie US Alaska Venezuela China Mongolia US Appalachia Notes (1) Capex intensity by country based on Wood Mackenzie calculations, based on 2012 real dollars. (2) Tabang capex intensity based on Company calculations using US$320MM growth capex divided by the estimated incremental 30 Mtpa production / sales capacity that the capital investment would provide. 25 Chile 175 159 161 Colombia South Africa Canada Mozambique Russia Australia PT BAYAN RESOURCES Tbk. 218 207
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