Pt Bumi Resources Tbk Class A · IDX:BUMI
Pt Bumi Resources Tbk Class A — Q3 2025 Earnings Presentation
28 slides from Pt Bumi Resources Tbk Class A's earnings presentation, Nov 20, 2025
Slide 1: PT Bumi Resources Tbk. Earnings Call 9M-2025
PT BUMI RESOURCES Tbk. EARNINGS CALL 9M-2025 This presentation is confidential. No part of it may be circulated, quoted, or reproduced for distribution without prior written approval from PT Bumi Resources Tbk. This material was used during 14/11/2025 an oral presentation. It is not comprehensive in
Slide 2: Disclaimer
Disclaimer This communication contains forward-looking financial projections and estimates with respect to the future operations and performance of PT Bumi Resources Tbk and its affiliates. Investors and security holders are cautioned that forward-looking statements are subject to various risks and
Slide 3: 9M 2025 – Financial Update
9M 2025 – Financial Update Production: • Total Production for 9M-25 at 54.9MT vs 57.3MT in 9M-24. The overall production decline in 9M-25 was mainly driven by unfavorable weather conditions in KPC. Prices: • Realised coal prices for 9M-25 decreased to $60.4/t vs $73.7/t in 9M-24 in line with the dow
Slide 4: Guidance 2025
Guidance 2025 Sales : 73MT - 75MT • KPC : 52MT - 53MT • Arutmin : 20MT - 21MT Prices : $59/t - $61/t • KPC : $62/t - $64/t • Arutmin : $52/t - $54/t Costs : $42/t - $44/t 1 • KPC : $43/t - $45/t • Arutmin : $38/t - $40/t 1 Royalty and commission not included. 14/11/2025 16.01.01 4
Slide 5: International Coal Prices
International Coal Prices 450 International Coal Price 425 2017 - 2025 400 375 350 325 300 Index Price Summary 275 - GCNEWC Oct'25 - $103.95 (up $0.09 from Sep'25) - HBA Oct'25 2nd half - $109.74 (up $2.80 from Oct'25 1st half) 250 225 200 175 150 125 100 75 50 25 0 2017 2018 2019 2020 2021 2022 202
Slide 6: Coal Forward Price as Oct 2025
Coal Forward Price as 30 Oct 2025 Green mid = move up from prev day. Red = move down from prev day. API#4 NEWC US$/mt today change prev month change today change prev month change Oct-25 82.10 (0.40) 82.50 (0.40) 104.30 0.05 104.25 0.05 Nov-25 87.50 (1.00) 88.30 (0.80) 109.25 (0.75) 109.25 - Q4'25 8
Slide 7: BUMI’s Operational highlights
BUMI’s Operational highlights Q1-25 Q2-25 Q3-25 9M-25 9M-24 Var Actual Actual Actual Actual Actual KPC Overburden mbcm 110.8 107.8 123.5 342.1 393.2 -13% Strip ratio bcm/tmined 8.9 8.4 8.5 8.6 9.2 -6% Coal Mined mt 12.4 12.9 14.4 39.8 42.9 -7% Coal Sales mt 11.9 12.7 14.6 39.2 42.3 -7% FOB Prices $/
Slide 8: KPC’s and Arutmin’s Rainfall
KPC’s Rainfall 400 300 Rainfall (mm) 200 100 0 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Monthly Rainfall 188.7 225.1 146.5 97.0 164.8 125.1 164.1 174.0 60.2 291.9 184.3 206.8 322.3 91.6 294.2 31
Slide 9: BUMI’s Operational Performance
BUMI’s Operational Performance The overall coal mined decreased primarily due to a decline in KPC's coal production, mainly caused by unfavorable weather conditions. OB Removed Coal Mined (in mn bcm) (in mt) 11% 4% BUMI BUMI 500.9 57.3 BUMI BUMI 54.9 445.8 KPC KPC 393.2 KPC KPC 39.8 342.1 42.9 AI AI
Slide 10: BUMI’s Operational Performance
BUMI’s Operational Performance Coal sales were lower in line with decreasing production levels and weather-related disruptions in KPC. Coal Sales Stripping Ratio (in mt) (bcm/t) 2% BUMI BUMI 7% 55.8 54.5 BUMI 8.7 BUMI 8.1 KPC KPC KPC 42.3 9.2 KPC 39.2 8.6 AI AI AI 7.5 6.9 AI 13.5 15.3 9M-24A 9M-25A
Slide 11: BUMI’s Operational Performance
BUMI’s Operational Performance Production costs were lower due to a downward trend in Indonesia’s fuel price and a lower stripping ratio. The downward trend in global coal prices has impacted the realised FOB prices negatively. Production Cost FOB Price (USD/t) (USD/t) 8% 18% BUMI BUMI 46.1 BUMI 73.
Slide 12: BUMI’s Average Selling Prices (ASP)
BUMI’s Average Selling Prices (ASP) Weighted Average realised Selling Prices decreased due to the decline in the global coal price. (in US$ per ton) 2022 2023 9M-2024 9M-2025 ASPs (exc. Ecocoal) $ 145.0 $ 96.4 $ 82.8 $ 67.4 Ecocoal $ 53.7 $ 48.5 $ 46.4 $ 41.1 ASPs KPC+AI $ 121.0 $ 81.3 $ 73.7 $ 60.4
Slide 13: BUMI’s Production Cost (US$/t) Fuel Prices
BUMI’s Production Cost (US$/t) • Calculated by dividing the production costs with the companies’ coal mined. • Including Accrued expenses in current period. • Calculated from cost of sales excluding D&A, Royalty, Freight, Inventory Movement & Others. Production costs decreased mostly due to lower fu
Slide 14: Bumi’s Financial Highlights – Current Reporting Standards PSAK 111
Bumi’s Financial Highlights Current Reporting Standards – PSAK 111 In million US$ STATEMENTS OF PROFIT OR LOSS STATEMENTS OF FINANCIAL POSITION 9M-2025 9M-2024 % Sep 2025 Dec 2024 % Revenue 1,037.3 926.9 12% Cost of Revenue (876.0) (833.3) 5% Current Assets 715.8 772.7 -7% Gross Profit 161.3 93.6 72
Slide 15: Bumi’s Financial Highlights – Consolidated (100% KPC & Arutmin)
Bumi’s Financial Highlights Consolidated (100% KPC & Arutmin) In million US$ STATEMENTS OF PROFIT OR LOSS STATEMENTS OF FINANCIAL POSITION 9M-2025 9M-2024 % Sep 2025 Dec 2024 % Revenue 3,551.5 4,298.4 -17% Cost of Revenue (3,188.9) (3,866.9) -18% Current Assets 1,359.4 1,888.8 -28% Gross Profit 362.
Slide 16: Bumi’s Financial Highlights – Consolidated and Current Reporting Standards
Bumi’s Financial Highlights Consolidated and Current Reporting Standards In million US$ STATEMENTS OF PROFIT OR LOSS STATEMENTS OF FINANCIAL POSITION 9M-2025 Sep 2025 Current Current Reporting Consolidated Reporting Consolidated Standards Standards Revenue 3,551.5 1,037.3 Current Assets 1,359.4 715.
Slide 17: Consolidated: Performance at a Glance
Consolidated: Performance at a Glance Revenue USD 3,551.5 million vs USD 4,298.4 million or decreased by 17% Cost of Revenue USD 3,188.9 million vs USD 3,866.9 million or decreased by 18% Gross Profit USD 362.7 million vs USD 431.5 million or decreased by 16% Operating Expenses USD 167.0 million vs
Slide 18: Bumi’s Financial Highlights
Bumi’s Financial Highlights EBITDA decreased due to downtrend of global coal price. Equity - Net LTM Consolidated Adjusted EBITDA (US$ Mn) (US$ Mn) 2% 2,864.2 2,810.0 5% 290.8 277.1 Dec 31, 2024 Sep 30, 2025 Sep 30, 2024 Sep 30, 2025 • 12 months period • Start 2020, company has implemented PSAK 73.
Slide 19: BUMI’s Consolidated Adjusted EBITDA
BUMI’s CONSOLIDATED ADJUSTED EBITDA $481mn in LTM EBITDA generated by coal companies on 100% basis. (US$ Mn) 100% Basis Proportionate Description Q4-24 Q1-25 Q2-25 Q3-25 LTM Q4-24 Q1-25 Q2-25 Q3-25 LTM KPC (51%) 107.4 77.9 93.5 112.7 391.6 54.8 39.7 47.7 57.5 199.7 AI (90%) 34.7 12.6 20.1 22.1 89.4
Slide 20: Cash Balance - September 30th 2025
Cash Balance - September 30th 2025 Expressed in $Mn DESCRIPTION End of Sep 25 PT Kaltim Prima Coal 175.49 PT Arutmin Indonesia 73.91 PT BUMI Resources 65.37 314.76 Expressed in $Mn PT Kaltim Prima Coal PT Arutmin Indonesia DESCRIPTION End of Sep 25 End of Sep 25 Cash on hand and in Bank 16.27 10.66
Slide 21: ESG Data – September 2025
ESG Data – September 2025 14/11/2025 16.01.01 21
Slide 22: PT Kaltim Prima Coal
PT KALTIM PRIMA COAL 14/11/2025 16.01.01 22
Slide 23: KPC’s Financial Highlights
KPC’s Financial Highlights Revenue Gross Profit Operating Profit (US$ Mn) (US$ Mn) (US$ Mn) 51% 25% 40% 225.9 3,371.6 337.9 2,514.2 201.4 111.3 9M-24A 9M-25A 9M-24A 9M-25A 9M-24A 9M-25A Net Profit LTM EBITDA (US$ Mn) (US$ Mn) 59% 16% 125.6 464.5 391.6 51.3 9M-24A 9M-25A Sep 30, 2024 Sep 30, 2025 * 1
Slide 24: KPC’s Operational Highlights
KPC’s Operational Highlights OB Removal Coal Mined Stripping Ratio (mbcm) (mt) (bcm/t) 7% 6% 13% 9.2 42.9 8.6 393.2 39.8 342.1 9M-24A 9M-25A 9M-24A 9M-25A 9M-24A 9M-25A Coal Sales Average Selling Price Production Cost (mt) (USD/t) (USD/t) 7% 20% 10% 42.3 78.7 39.2 48.3 63.2 43.4 9M-24A 9M-25A 9M-24A
Slide 25: PT Arutmin Indonesia
PT ARUTMIN INDONESIA 14/11/2025 16.01.01 25
Slide 26: Arutmin’s Financial Highlights
Arutmin’s Financial Highlights Revenue Gross Profit Operating Profit (US$ Mn) (US$ Mn) (US$ Mn) 92% 4% 40% 32.2 817.8 853.0 57.6 41.2 16.8 9M-24A 9M-25A 9M-24A 9M-25A 9M-24A 9M-25A Net Profit (Loss) LTM EBITDA (US$ Mn) (US$ Mn) 4% 79% 89.4 86.4 19.6 10.9 9M-24A 9M-25A Sep 30, 2024 Sep 30, 2025 * 12
Slide 27: Arutmin’s Operational Highlights
Arutmin’s Operational Highlights OB Removal Coal Mined Stripping Ratio (mbcm) (mt) (bcm/t) 4% 8% 107.7 5% 7.5 103.7 14.4 15.1 6.9 9M-24A 9M-25A 9M-24A 9M-25A 9M-24A 9M-25A Coal Sales Average Selling Price Production Cost (mt) (USD/t) (USD/t) 8% 13% 1% 58.2 53.3 39.5 15.3 39.2 13.5 9M-24A 9M-25A 9M-2
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