PT Bayan Resources Tbk : Investor Updates 1H25

About this update from Pt Bayan Resources Tbk

www.bayan.com.sg 0 Operationally, the second quarter continued to be challenging due to continued production issues and overall sales volumes and overburden production levels were lower than the 1Q25 and the Budget. Overall 2Q25 EBITDA and NPAT actual performance was lower than Budgeted which was principally due to lower ASP combined with lower sales volumes. Despite this, 2Q25 financial performance is still generating very healthy margins and profit levels. 2024 1H2024 1H2025 2Q24 2Q25 Financial Performance (In Million USD) Revenue 3,446.2 1,534.0 1,621.9 764.9 731.7 Gross Profit 1,332.8 582.3 526.3 270.2 211.1 EBITDA 1,355.0 573.1 533.3 251.0 205.8 Net Profit After Tax 943.4 387.2 356.5 169.9 133.6 Financial Ratios Gross Profit Margin (%) 38.7% 38.0% 32.5% 35.3% 28.8% EBITDA Margin (%) 39.3% 37.4% 32.9% 32.8% 28.1% Net Profit Margin (%) 27.4% 25.2% 22.0% 22.2% 18.3% Net Debt to EBITDA (x) Net Cash Net Cash Net Cash Net Cash Net Cash Operational Statistics Overburden Removal (MBCM) 257.5 122.8 132.3 60.9 62.4 Strip Ratio (x) - based on production volume 4.5 4.8 4.8 5.3 4.5 Coal Production (MT) 56.9 25.6 27.7 11.6 14.0 Sales Volume (MT) 56.2 24.6 32.2 12.4 15.0 Average Selling Price (US$/MT) 61.3 62.4 50.3 61.8 48.7 Average Cash Costs (US$/MT) 37.8 39.8 34.2 42.2 35.8 1Q25 Production Bayan is ranked 1st by sales 20 17.2 Million Tonnes 15 10 5 0 16.0 14.5 13.7 8.5 7.4 5.3 volumes and 4th by production in Indonesia based on 1Q25 actual performance. Bayan's 2024 production and sales volumes increased by 12% and 16% over 2023 levels. Bumi Adaro GEMS Bayan PTBA Kideco ITMG Source: Company Filings, Company Data 1Q25 Sales Volume The first phase of Muara Pahu was opened in 2023 with the second phase completed in 1Q24 which has allowed us to commence 20 17.2 16.7 Million Tonnes 15 10 5 13.8 10.3 7.3 5.9 expansion in 2024 and beyond. This will allow Bayan to expand production at Tabang to more than 80 mtpa. 0 Bayan Bumi GEMS PTBA Kideco ITMG Source: Company Fillings. Company Data Capex Intensity by Country (1) Tabang Capacity Growth Our new coal haul road and the 250 200 150 40+ 80+ …Unlocking tangible capacity upside at ~US$10/ton discretionary growth Capex 130 159 161 175 207 218 associated overland conveyors and side dumps for the first and second barge loading facilities were completed at the end of 100 50 0 2023 2024+ 85 65 71 50 10 13 23 96 98 110 2023. The ...

View stock analysis, news, and events for Pt Bayan Resources Tbk