Investor Presentaiton

Financial Review Bukit Asam Costs & Prices Total Cash Cost (FOB) 1H14 Total Cost Breakdown Electricity, 1% Coal Purchase, 8% 9M13 9M14 YoY Tanjung Enim System *) Heavy Equipment, 4% Ex Royalty (IDR) 556,121 584,281 +5% Fuel, 1% Total (IDR) 598,033 630,544 +5% Salaries & Wages, 12% *) Note: Total cash cost include COGS,G&A, Selling Expenses, Inventory Weighted Average Strip Ratio 4.4 4.2 4.0 3.6 3.5 4.4 Others, 2% Adm & Gen Expenses, 4% Sales Expenses, 3% Depreciation & Amortisation, 2% Spareparts, 2% 2009 2010 2011 2012 2013 2014 (f) Royalty, 7% 6543210 4.4 4.5 9M13 9M14 Average Selling Price (ASP) Mining Service, 31% Railway Service, 24% Weighted ASP (IDR/Ton) Export (USD/Ton) Domestic (IDR/Ton) FY13 9M13 9M14 631,145 612,046 728,079 74.33 76.25 71.11 582,581 585,800 671,426 YOY +19% -7% +15% 08 80

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