Investor Presentaiton

In Million USD 120 100 80 Capital Expenditure 60 55.8 50.5 46.8 € 40 20 97.7 69.8 71.9 56.1 44.8 33.2 47.2 0 2Q21 3Q21 4Q21 1Q22 2Q22 Budget Actual 2Q22 Capex was US$ 47.2 million, which was below the Budget (US$ 71.9 million) due to slower than Budgeted progress on the new Tabang 100km coal hauling road and overland conveyor ("OLC") facilities primarily as a result of the heavy rainfall. We currently expect the haul road. OLC and barge loading facility to be completed in 2023. • Major items included: US$ 36.2 million of progress payments for the 100km haul road, OLC and barge loading facilities. 2Q22 Capex lower than Budget due to heavy rain 19

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