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Investor Presentaiton

Industry Leading Efficiency One of the lowest cost operators in Indonesia Adaro's estimated coal cash cost breakdown (1Q23) Fixed overhead, 5% adaro Electrification to reduce the usage of diesel gensets Coal processing, 10% Mining, 35% - 40% Freight & handling, 20% Fuel, 25% - 30% Strong operational EBITDA generation and healthy operational EBITDA margin Operational EBITDA and Margin 6,000 5,000 62% 53% 4,000 40% 39% 35% 35% 3,000 5,030 2,000 1,000 2,104 1,315 1,408 1,207 883 2017 2018 2019 2020 2021 2022 Operational EBITDA (US$ M) Operational EBITDA Margin 70% 60% 50% 40% 40% 30% 20% 10% 1,393 0% 1H23 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. 29
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