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Investor Presentaiton

Low Cost Incremental Growth Capex Intensity by Country (1) Tabang Capacity Growth 250 60+ 200 30+ 150 discretionary growth Capex ...Unlocking tangible capacity upside at US$13/ton 218 207 175 159 161 100 Today 130 Upside 85 96 98 110 65 71 50 50 13 0 Source: Wood Mackenzie Tabang Indonesia Western US US Illinois Basin 13 23 US Alaska Notes 22 (1) (2) Based on 2012 real dollars US$402m Capex (include BCT) divided by an incremental 30+ Mtpa production / sales capacity 2017 - 2021 CAGR (Production) Venezuela China Mongolia US Appalachia Chile Colombia South Africa Canada Mozambique Russia Australia 20 16.8 15.8 15 10 5.5 5 2.8 0.4 0 GEMS Bayan PTBA -5 Indika Adaro Bumi (Kideco) -2.2 ITMG -10 -4.7 Source: Company Fillings. Company Data Construction of the new haul road commenced in December 2019 and is progressing albeit behind schedule. Due to the high rainfall throughout 2021 which continued into 1H22, our new coal haul road and the first barge loading facility are now estimated to be completed in 2023. Once all three barge loaders have been completed this will add an additional 30+ million MT to our existing capacity. ➤ Total forecasted capex in the region of US$ 393 million (2022- 2023) for the Group, of which US$ 351 million is expansionary capex tied to the Tabang Project including upgrading the BCT.
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