Investor Presentaiton

49 Asia demand for met coal forecast to grow by 33% over the next 3 decades due to Indian industrialisation Asia seaborne demand for metallurgical coal Asia seaborne demand by metallurgical coal type Million Tonnes 350 300 250 200 150 100 50 50 ■ Pakistan Malaysia ■ Taiwan Million Tonnes 240 200 160 158 ■ Vietnam ■Indonesia 120 ■South Korea ■Japan ■China ■India 40 40 80 47 HCC ⚫PCI SSCC 191 60 44 32 0 0 2023 2024 2025 2030 2035 2040 2045 2050 2023 2024 2025 2030 2035 2040 2045 2050 Source: Wood Mackenzie August 2023 seaborne metallurgical coal. Source: Wood Mackenzie August 2023 seaborne imports.

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