PT Indo Tambangraya Megah Tbk : Presentasi Analis ITM 2Q22

2Q22

PERFORMANCE RESULT

18 August 2022

DISCLAIMER

The information contained in this presentation is intended solely for your reference.

This presentation contains "forward-looking" statements that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements, other than statements of historical fact contained in this presentation including, without limitation, those regarding ITM's future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets where ITM participates or is seeking to participate and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "will", "may", "project", "estimate", "anticipate", "predict", "seek", "should" or similar words or expressions, are forward-

looking statements.

The future events referred to in these forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond our control, which may cause the actual results, performance or achievements, or industry results to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

These forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which ITM will operate in the future and are not a guarantee of future performance. Such forward-looking statements speak only as of the date on which they are made. ITM does not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. The information set out herein is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company.

ITM makes no representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in each case, only one if many possible scenarios and should not be viewed as the most likely or standard scenario. No assurance given that future events will occur or our assumptions are correct. Actual results may materially differ from those provided in the forward-looking statements and indications of past performance are not indications of future performance. In no event shall ITM be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this material. ITM makes no representation whatsoever about the opinion or statements of any analyst or other third party. ITM does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or use of any such opinion or statement.

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Transporting coal through hauling road

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2Q22 Highlights

2Q22 highlights - Good and responsible miner towards greener, smarter transformation

Strong financial performance

Strong coal price has brought a solid positive impacts to ITM financial performance. 2Q22

net profit recorded at $247M (+16% qoq or 228% yoy), with 1H22 at $461M, almost reaching FY21 amount of $475M.

ITM's 2Q22 ASP increased to $202/ton (+35%

qoq or 152% yoy) as coal price remain strong and geopolitical conflict has affected energy commodities.

2Q22 EBITDA recorded at	2Q22 production level
$389M (+20% qoq or	achieved slightly above
170% yoy) while solid	targeted number at 3.9Mt
balance sheet is	despite some higher-than-
maintained with cash	expected rain in several
balance at $808M.	mine sites.

Committed as a good and responsible miner

ITM continues its effort in handing over the watershed rehabilitation with cumulative total of 20,056Ha, proving the commitment toward sustainability.

ITM becomes government's

partner in developing new capital city "Nusantara", especially for

Mentawir Seed Nursery, which

will be in operational by 2023.

Moving towards greener, smarter transformation

The construction of Bunyut PV solar power plant is on track to be finished within 2H22 (more than half has been finished during 1H22 or 55% of actual progress).

CPI has been established in 1Q22 to enter solar rooftop business. It has signed additional solar rooftop PPA in 2Q22, bringing total capacity to 7.27MWp.

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Our solar renewable venture: greener, smarter energy provider

Bunyut Solar PV power plant		Bunyut Solar PV power plant pictures

• The project consists of 2MW Solar PV plant with 1MWh Battery Energy Storage System (BESS) with estimated CAPEX of $3.4 million.
• The electricity generated from the Solar PV power plant will be used to support the operation at Bunyut port.
• The project is expected to be completed by 2H22.
• As of end of June 2022, the installation of Solar panel, mounting structure and inverters are already finished. Actual progress is 55% (ahead of the planned number).

CPI - Our solar rooftop business

• During early 2022, PT ITM Bhinneka Power (IBP), a subsidiary of ITM, established a new company named PT Cahaya Power Indonesia (CPI).
• CPI aims to develop solar rooftop business which focused on building and owned networking industry plants.
• CPI signed additional solar rooftop PPA of 1.39 MWp in 2Q22; bringing total agreement secured capacity to 7.27 MWp.
• Further exploration opportunity with potential customers for solar rooftop installation is continuing.

Topography survey

Material unloading

Mounting part installation

Solar panel installation

Bird's eye view

Inverters control panel

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