Investor Presentaiton

adaro Electrification to reduce the usage of diesel gensets Cost Control - Key for Strong Performance Adaro's estimated coal cash cost breakdown (1Q22) Fixed overhead, 5% Coal processing, 10% Freight & handling, 20% Mining, 35% 40% Fuel, 25% - 30% Strong operational EBITDA generation and healthy operational EBITDA margin 2,500 2,000 40% 39% 1,500 35% 35% 1,000 2,104 1,315 1,408 1,207 500 883 2017 2018 2019 Operational Ebitda (US $M) 2020 70% 62% 53% 60% 50% 40% 30% 20% 755 10% 0% 2021 1Q22 Operational Ebitda Margin Consistently delivers on operational EBITDA target and performed in-line with guidance. Healthy operational EBITDA margin on the back of better cost control from integrated business model. 10

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