Financial Results Presentation slide image

Financial Results Presentation

3 Capital Management: Active capital management sees >60% of debt due in 2026 or later Delta Dunia Capital Management in 2021 US$400 million % of Debt Senior Notes - Rated BB- by Fitch (Stable), Ba3 by Moody 9% 7% Due Refinancing of previous debt structure was completed in March 31, 2021 800 Coupon of 7.75% p.a. Tenor of 5NC2 - due 2026 Debt Maturity Profile (US$m) 10% 13% 61% 0% " Settlement at maturity (no amortization) Secured by DSRA 600 Main use of proceeds to repay previous bank loans and Senior Notes Minimal debt repayment requirements from 2022 to 2025 524 US$350 million 400 Syndicated Loan Facility " Interest of LIBOR+3% p.a. 200 Tenor of 4.75 years maturing Jan 2026 110 73 87 Step-up amortization with average life of 3.65 years 60 Secured by assets Main use of proceeds to support organic and inorganic growth 0 2022 2023 The formerly bilateral loan facility is now a syndicated loan facility consisting of Bank Mandiri and JTrust. ■Bonds 2024 Bank Loans 2025 2026 2027 Financing Leases As of September 2021, the facility was fully drawn. Financing Leases " Average cost of LIBOR + 4.00% - 4.50% Tenor 4-5 years, some extendable to 7 years Straight-line installments " Outstanding at March 2022 appx. US$205 million¹ 1. Excludes rights-of-use lease labilities from capitalized operating lease ■ Post orderbook expansion over the last 2 years, the current mining services contracts are expected to be stable and consistent Back-ended amortization, preserving liquidity in the early years, providing flexibility to pursue growth ◉ Low average cost of debt ■ Maintains great rapport with numerous suppliers. Post-BUMA Australia acquisition, the Group is now seeking to enter global supply contract agreements As we did in 2021, we will continue to actively manage our capital structure, in consideration of market conditions and opportunities - STRICTLY CONFIDENTIAL - 23
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