Investor Presentaiton

Cost of Debt and Fixed vs Floating Composition ▪ BUMA has been able to lower its cost of debt through successful refinancings - 2009 Facility and High Yield Bond had a blended interest expense of 10.3% (includes WHT) - 2010 Facility had an interest expense of 5.6% (includes WHT) - 2011 Facility has an interest expense of 4.3% (includes WHT) ■ BUMA has also entered into a 5-year interest rate swap to fix 62.5% (US$500MM) of its US$800MM facility 14.7% Cost of Debt (1, 2) Average Debt cost of 10.3% 840 basis points reduction in 5 year fixed rate debt financing (4) 6.3% 5.4% 5.6% 4.3% (3) Delta Dunia Fixed / Floating Debt Mix (!) % 47.5% 52.5% 100.0% 37.5% 62.5% 2009 - Post US$600MM LBO financing 2010- Post US$600MM refinancing 2011 - Post US$800MM refinancing 2009 Post US$600MM LBO financing 2010 Post US$600MM 2011 Post US$800MM refinancing refinancing Fixed rate Floating rate Fixed rate Floating rate (I) Only includes debt related to LBO and refinancing; excludes vendor financing and capex financing facilities; includes withholding taxes (2) All financing assumes 3M LIBOR rate of 0.4% (3) Assumes mid margin rate for US$ 800mn Facility of 3.5% (4) Fixed rate (inclusive of hedging cost) based on interest rate swaps 19

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