GAR Infrastructure Overview

. Particulars Coal Assets - PT GEMS Performance YoY Golden Energy Mines (figures in INR mn) Q3FY2020 Q3FY2021 9MFY2020 9MFY2021 Sales Vol. (mn tons) 7.4 7.6 20.8 24.6 Revenues 18,897 15,678 53,310 58,148 EBITDA 1,805 1,611 6,127 7,823 PAT 750 789 3,294 4,846 Production 9% YoY to 7.4 mn tons in Q3FY21 GAR Sales volumes 2% YoY in Q3FY21 as rains impacted the Q3FY21 volumes but has witnessed a recovery post Q3FY21 • Realisation 20% YoY to USD 28.0/ton in Q3FY21 from USD 35.0/ton in Q3FY20 • Reduced Per ton Costs by 21% YoY to USD 25.1/ton in Q3FY21 USD 0.4/ton YoY to USD 3/ ton in Q3FY21 EBITDA per ton Recent improvement in Indonesian coal price expected to benefit PT Gems ✓ Indonesian coal prices have increased after touching lows in Sep 2020 to -USD 37-40/ ton currently Note: Financials at 100% level Humility | Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual 21 24

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