Cokal Limited · ASX:CKA
Cokal — Investor Presentation (August 2025)
14 slides from Cokal's investor presentation, Aug 5, 2025
Slide 1: Strategic Update
Strategic Update August 2025 For personal use only Metallurgical Coal Operations Central Kalimantan
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Cokal Limited (the Company or CKA). The information contained in this presentation is a professional opinion only and is given in good faith. The material in this presentation (“material”) is not and does not constitute an o
Slide 3: Contents
Contents For personal use only 1 Market & Strategy Update Project Development & 2 Infrastructure Strategy 3 Financial Summary 3
Slide 4: Market Update: Cokal's Strategy & Analysis
Market Update: Cokal’s Strategy & Analysis Persistent weakness in seaborne metallurgical coal markets have impacted the majority of coal producers. Cokal has the financial resources to endure market weakness, and is investing to position for market recovery Strategic Direction Coking Coal Prices (US
Slide 5: Market Overview – Global Metallurgical Coal
Market Overview – Global Metallurgical Coal Several large coal producers have halted or shut operations, with spot prices at multi- year lows… For personal use only Persistent weakness in seaborne metallurgical coal markets over the past 6 months. ▪ Mainly driven by supply glut caused by Canadian Pr
Slide 6: Market Overview – Forward Outlook
Market Overview – Forward Outlook Onset of Market Recovery in 6+ months, gaining momentum and accelerating to 2030 from increasing demand, with structural supply shortages SHORT TERM: Market view For personal use only Short term: 6 months to 1 year ▪ Indian mills will re-stock coking coals post- mon
Slide 7: Contents
Contents For personal use only 1 Market & Strategy Update Project Development & 2 Infrastructure Strategy 3 Financial Summary 7
Slide 8: Project Development Pipeline
Project Development Pipeline Cokal will advance the TBAR project and BBM Underground development opportunities, albeit at a cautious and measured rate TBAR Project Overview & Update TBAR - Project Location For personal use only ▪ Contiguous to BBM and prospective for another “BBM-style” major coal d
Slide 9: Production Strategy in Response to Market Conditions
Production Strategy in Response to Market Conditions BBM Production: Interim Scaled-Down Production Strategy in Response to Market Conditions ▪ Interim Scaled-Down Production Strategy in For personal use only Response to Market Conditions BBM – Scaled-back Production Plan - Cokal has near-exposed co
Slide 10: Infrastructure Development Strategy
Infrastructure Development Strategy Cokal will continue to invest in developing infrastructure capacity, with the support of its strategic partners, to position for market recovery ▪ Petrindo Partnership Update Explosive Magazine Warehouse Construction For personal use only - Strategic partner to Co
Slide 11: Infrastructure Development Strategy
Infrastructure Development Strategy Cokal will continue to invest in developing infrastructure capacity, with the support of its strategic partners, to position for market recovery For personal use only Site Infrastructure & Road Development Key infrastructure initiatives underway: ▪ Road Developmen
Slide 12: Contents
Contents For personal use only 1 Market & Strategy Update Project Development & 2 Infrastructure Strategy 3 Financial Summary 12
Slide 13: Financial Summary
Financial Summary Cokal remains financially stable through strategic discipline and shareholder support Cokal remains financially stable and has the financial resources available to weather the coal market For personal use only downturn - Secured US$15 million in strategic debt funding from long-ter
Slide 14: Cokal Ltd
For personal use only Cokal Ltd Jakarta: Sydney: The Bellezza Office Tower Level 5, 56 Pitt Street 21 Floor, Unit 3 & 5 Sydney Arteri Permata Hijau NSW 2000 Jalan Mayjen Soepeno Kav 34 Australia Permata Hijau, Kebayoran Lama Jakarta Selatan 10210 Domenic Martino (DMartino@cokal.com.au) Indonesia Kar