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Investor Presentaiton

2 Strong Demand Dynamics for Indonesian Coal Domestic Indonesia's consumption of domestic coal for power generation will continue to grow, driven by increasing electrification to meet power demand from the growing population and government policy that favours coal-fired power generation Electricity Consumption per Capita Electricity Capacity and Demand GW, TWh MWh per Capita 15 452 418 11.0 10.9 300 510 386 10.1 357 8.7 328 304 10 7.6 6.0 200 235 253 275 340 4.9 4.3 88 97 104 110 117 128 5 2.7 1.6 1.0 0.8 100 58 63 82 0.5 0.3 0.2 3 8 27 134 42 50 55 62 74 170 55 55 55 55 55 55 55 55 55 0 South Brunei Japan Malaysia Thailand Indonesia Pakistan Myanmar 0 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 Korea China Vietnam Philippines Cambodia Kong Existing Capacity (GW). Electricity Demand (TWh) Additional Capacity (GW) Taiwan Singapore Hong Today, Indonesia uses less electricity per capita compared to developed countries Indonesian Electricity Generation Dominated by Coal TWh 600 Growing population, rising income per capita and a low electrification ratio are expected to drive significant growth in electricity demand Coal to Continue Accounting for over 50% of Fuel Type Fuel Type Projection in the Electricity Sector 2017-2025 400 200 0 2017 2018 2019 2020 2021 2022 2023 2024 2025 ■Coal Gas (Including LNG) Oil Geothermal Hydro Other renewables Import Coal accounts for over 50% of the energy share in Indonesia Source: Wood Mackenzie, broker research 22 Geothermal 5.8% Hydro Others 5.8% 0.6% Hydro 10.9% Others 2.0% Oil 8.5% Geothermal 9.6% Oil 2.0% Other Gas 2017 17.7% Coal 53.6% 2025 Coal 50.5% Other Gas 17.0% LNG 8.0% PT BAYAN RESOURCES Tbk.
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