Investor Presentaiton

Large Reserves and Diverse Portfolio across Indonesia and Australia 1 Adaro Indonesia: 88.5% Existing, S Kalimantan sub-bituminous Reserves: 682 Mt Resources: 3.2 Bt 2 Balangan Coal Companies: S Kalimantan sub-bituminous Reserves 118Mt Resources: 257 Mt 3 PT Adaro Minerals Indonesia Tbk (AMI): Central and East Kalimantan Metallurgical coal Reserves: 165 Mt Resources: 975 Mt 4 MIP: 75% stake S Sumatra sub-bituminous Reserves 207 Mt Resources 301 Mt adaro As of 31 December 2022, AEI has more than 8 billion tonnes (Bt) of resources and 1.3 Bt of reserves across thermal and metallurgical coal - providing us with flexibility in the coal market. 5 BEE: 61.04% stake S Sumatra sub-bituminous Geological study phase 6 BEP: 18.5% stake with option to acquire 90% E Kalimantan sub-bituminous Resources 3.3 Bt 7 Kalimantan 5 Sumatra 7 NT 4 QLD Kestrel Coal Mine 48% of 80% Queensland, Australia WA Premium HCC SA NSW Reserves: 184 Mt Resources: 421 Mt VIC Java 1 2 6 Sulawesi Note: Reserves and Resources numbers above are before taking into account AEI's equity ownership 26

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