Investor Presentaiton

Power Business Financial Performance Mining Business 8 TBS Energi Utama TBS Overview PT Minahasa Cahaya Lestari Sulut-3 Project CFSPP Sulut-3 (2X50 MW) North Minahasa, North Sulawesi Province, Indonesia • Project Overview Partnership composition: PT TBS Energi Utama Tbk (90%), Sinohydro Corporation Limited (10%) PPA signed on 7th April 2017, and effective on 10th January 2018 " Contract Period: 25 years ☐ Project Cost: US$ 209 million EPC Contractor: Sinohydro Corporation Limited Progress Updates (as of 31 December 2020) Status Land acquisition completed Detailed engineering design completed Subject Remarks Land Acquisition Completed Engineering Completed Procurement Completed Construction In-Progress • Finished civil works (structure) for coal handling system • All shipments procurements completed • Finished turbine and generator installment Circulating Water Pump ("CWP") works in progress Balance of Plant facilities (Water Treatment Plant, Waste Water Treatment Plant, Coal Handling System and etc) on progress (civil, mechanical and electrical) www.tbsenergiutama.com • Continuing work on ESP #2 insulation and coal shed structure

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