Investor Presentaiton

1,000 EBITDA 800 600 400 273.9 200 0 2Q21 494.5 317.7 831.9 1Q22 2Q22B 2Q22 Note: B stands for Budget Figure 80% EBITDA Margin 70.3% 68.1% 63.1% 60.5% 60% 52.4% 46.5% 40% 20% 0% 2Q21 3Q21 4Q21 1Q22 2Q22B 2Q22 Note: B stands for Budget Figure 2Q22 EBITDA was significantly higher than the Budget and 1Q22 due to significantly higher ASP partially offset by higher cash cost. 2Q22 EBITDA was the best quarter ever in the history of Bayan. Full year 2022 EBITDA expected to surpass 2021 levels. 2Q22 EBITDA margin of 68.1% represents one of the best margins in the Indonesian coal sector. One of the best EBITDA margin's in Indonesian coal sector 17

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