Investor Presentaiton

Million Tonnes Thermal Coal Demand Remains Significant in the Long Run Global thermal coal imports demand (Mt) adaro 1,200 1,000 800 600 400 200 0 ■China India JKT SEA Europe ROW Source: McCloskey by OPIS, a Dow Jones Company ("McCloskey") • Coal remains as significant part of energy mix in emerging economies in Asia Despite push towards renewable energy, emerging economies in Asia still rely on coal for electricity generation due to its availability and affordability. As the world aims to reduce carbon emission, demand for coal will be affected. 5

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