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Investor Presentaiton

Adaro Minerals MetCoal Business supports the Steel Industry a key component in Wind Turbine and the Solar Industry Adaro Minerals metcoal production (Mt) adaro Adaro Minerals key financial highlights OPERATIONAL 1Q23 1Q22 Change We expect consistent production 3.8 4.3 Production (Mt) 1.22 0.62 97% Sales (Mt) 0.85 0.59 44% growth, reaching 6 MT+ in the medium term. 3.4 Overburden removal (Mbcm) 3.30 1.47 124% 2.3 FINANCIAL ($ million) 1Q23 1Q22 Change Net Revenue 238 182 31% 1.0 Core Earnings 87 85 2% Operational EBITDA 121 120 1% Operational EBITDA Margin 51% 66% -15% Sales by Destination 1Q23 India 29% Indonesia 5% China 31% 2020 A 2021 A 2022 A 2023 F Adaro Minerals Strip Ratio Remains Very Low MINERALS 4.0 3.5 Japan 35% 3.0 2.5 2.0 1.5 1.0 2020 A 2021 A 2022 A 2023 F 5
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