Pt Bukit Asam (persero) Tbk · IDX:PTBA
Pt Bukit Asam (persero) Tbk — PT Bukit Asam — Mandiri Investment Forum (February 2026)
22 slides from Pt Bukit Asam (persero) Tbk's conference presentation, Feb 5, 2026
Slide 1: Investor Presentation: FY 2025 Updates & Outlook
Investor Presentation PT Bukit Asam Tbk FY 2025 Updates & Outlook Mandiri Investment Forum Jakarta, 5 February 2026
Slide 2: Agenda
Agenda Company Snapshot Performance Highlight ESG Overview Business Development
Slide 3: Company Overview
Danantara @ BukitAsam© Company Overview
Slide 4: Our Group Profile
Our Group Profile Shareholders structure and composition Key Facts Shareholders Composition as of December 31, 2025 • PT Bukit Asam Tbk (PTBA) was established on March 2, 1981. • Publicly listed in IDX with ticker “PTBA” since 2002. The government of 9,45% MIND ID Indonesia retains a 0,05% • PTBA is
Slide 5: Our Operational Area
Our Operational Area Each IUP’s details and port location Tanjung Enim Tanjung Enim Tanjung Enim Tambang Air Laya Muara Tiga Besar Banko Barat Resources : 676 Mt Resources : 294 Mt Resources : 488 Mt Reserves : 369 Mt Reserves : 148 Mt Reserves : 226 Mt GAR: 4900 – 7000 GAR: 4400 – 5000 GAR: 4900 –
Slide 6: Our Business Process
Our Business Process End-to-end Coal Supply Chain and Logistics Network Existing Under Development 6
Slide 7: Performance Highlight
Danantara @ BukitAsam© Performance Highlight
Slide 8: 5 Years Historical Operational Performance
5 Years Historical Operational Performance FY2021 - FY2025 Production & Purchase Transportation 47.2 41.9 43.3 38.2 40.4 37.1 30.0 32.4 28.8 25.4 2021 2022 2023 2024 2025 2021 2022 2023 2024* 2025* *Included FOBMV via truck Sales Stripping Ratio (x) 45.4 6,2 6.2 6.1 42.9 5,7 37.0 4,7 31.7 28.4 2021
Slide 9: Production & Stripping Ratio
Production & Stripping Ratio Production volume declined along with the selective mining initiatives to increase mine effectiveness Production Stripping Ratio (in million tons) (x) QoQ YoY -20% +9% -3% 14.17 47.19 6.23 6.06 6.49 43.28 11.29 3Q25 4Q25 FY24 FY25 FY24 FY25 FY25 Guidance • Even though pr
Slide 10: Coal Transportation & Sales
Coal Transportation & Sales Economic recovery still drives growth in coal demand, both on domestic and export sales, together with increasing rainfall levels Coal Transportation Sales (in million tons) (in million tons) QoQ YoY QoQ YoY -3% +6% -3% +6% 10.75 10.41 40.44 12.08 11.72 45.43 38.17 42.89
Slide 11: Sales Area & Portion
Sales Area & Portion Driven by the expansion on coal power capacity along with its energy demand, Bangladesh boosted their coal imports. Meanwhile, Spain became a new market destination in Q4-2025 Top Five Export Sales Destination (% out of total export) 1. Bangladesh → 27 percent 2. India → 16 perc
Slide 12: 5 Years Historical Financial Performance
5 Years Historical Financial Performance FY2021 - 9M2025 Revenue Average Selling Price & Cash Cost (in trillion Rupiah) (in thousand Rupiah/ton) 42,6 42,8 1.330 38,5 31,3 1.018 1.027 981 29,3 914 851 827 841 853 649 2021 2022 2023 2024 9M25 2021 2022 2023 2024 9M25 ASP Cash Cost Net Profit (in trill
Slide 13: Revenue & Average Selling Price
Revenue & Average Selling Price Implementing the right marketing strategy, recorded positive revenues amidst weakening prices Revenue Average Selling Price (in Million Rupiah/Ton) (in Trillion Rupiah) -6% QoQ YoY 0.97 0.91 +4% +2% 9M2024 9M2025 Coal Price (in USD/ton) HBA-2 ICI-3 10.49 10.88 30.66 3
Slide 14: Cost Breakdown & Cash Cost
Cost Breakdown & Cash Cost Various cost leadership efforts including third party negotiation continue to be carried out, cash costs have been successfully reduced Cost Breakdown Movement (in Billion Rupiah) 29,835 27,073 1,570 54 -385 189 219 981 89 45 + Material + Volume + Sales + Price + cost of -
Slide 15: Net Profit & EBITDA
Net Profit & EBITDA Amidst various challenges in terms of commodity prices and regulations, the company still recorded positive performance Net Profit (in Billion Rupiah) -1,836 3,230 674 -2,717 1,394 -52 7 -236 496 22 -25 -47 41 Net Profit Revenue COGS GA Exp Selling Exp Other Finance Finance Cost
Slide 16: ESG Overview
Danantara @ BukitAsam© ESG Overview
Slide 17: Environment, Social, and Governance
Environment, Social, and Governance Positioned for short and long-term value creation Environment Social Governance Watershed Rehabilitation Circular Economy ASEAN Scorecard Currently, watershed rehabilitation Encouraging environmentally friendly Recognized as The ASEAN Asset Class already covered 5
Slide 18: Business Development
Danantara @ BukitAsam© Business Development
Slide 19: Business Transformation Journey
BUSINESS TRANSFORMATION JOURNEY Towards World Class-Sustainable Energy Company SUSTAINABILITY Coal Briquette World Class Power Generation Energy Company 1876-1996 1996-2015 2015-2025 >2030 Began operations as First downstream initiative Transformation into an energy Transformation towards an integra
Slide 20: Corporate Strategic Focus
Corporate Strategic Focus Coal Allocation by Business Stream Business Development Themes Coal Business Existing Facilities & Initiatives Coal Logistic Tanjung Enim - Kertapati Tanjung Enim - Tarahan Accelerate 2.933 1.785 Tanjung Enim – Kramasan Million ton New Logistic Facility to North & South 1 M
Slide 21: Forward-looking statements
Danantara Indonesia Forward-looking statements This presentation contains certain forward-looking statements that involve risks and uncertainties. In some cases, we use words such as "ambition", "continue", "could", "estimate", "intend", "expect", "believe", "likely", "may", "outlook", "plan", "stra
Slide 22: Thank You
Danantara @ BukitAsam© Thank You ‘For further information: Contact : Aldy Pratama Iswardi Position : Head of Investor Relations Office :PT Bukit Asam Tok Menara Kadin Indonesia, 15th Floor JI. HR Rasuna Said Blok X-5, Kav. 2&3 Jakarta 12950, Indonesia Phone : +62 215254014 Email : investor.relations
PT Bukit Asam — Mandiri Investment Forum (February 2026) on 6ix