PT Bumi Resources Tbk : BUMI ANNOUNCES SEPTEMBER 2022 RESULTS

About this update from Pt Bumi Resources Tbk Class A

Bakrie Tower,12 th floor Komplek Rasuna Epicentrum Jl. H.R. Rasuna Said Jakarta, INDONESIA 12940 Website: www.bumiresources.com Company Information BUMI ANNOUNCES SEPTEMBER 2022 RESULTS REVENUE US$6.3 BILLION RISES 67% BY US$2.5 BILLION PRETAX PROFIT US$1.5 BILLION OPERATING PROFIT DOUBLES TO US$1.6 BILLION ATTRIBUTABLE NET INCOME US$365.5 MILLION - 5 TIMES UP AIMS DEBT FREE STATUS AFTER US$1.6 BILLION SHARE ISSUE Jakarta, 03 November 2022 PT Bumi Resources Tbk. ("BUMI" or "The Company") confirms that the summarized Financial Statement for 9M'2022 has been published. The detailed (Unaudited) Financials with notes are already available on IDX and BUMI websites. Attached for your information is: The Income Statement for September 2022 results is PSAK 66 compliant ie consolidates Arutmin but equity accounts KPC. The Consolidated Income Statement 9M 2022, including KPC, is highlighted below for benefit of investors and compared YOY (Appendix 1). Operating Metrics of the BUMI on full basis for 9M 2022 (YOY) are attached (Appendix 2). Comments on Consolidated Performance 9M'2022 vs 9M'2021 - YOY Gross Revenue US$6,258.8 million vs US$3,754.1 million or increased by US$2,504.7 million or 66.7% Cost of Revenue US$4,420.1 million vs US$2,807.4 million or increased by 57.4% Gross Margin US$1,838.7 million vs US$946.7 million, increased by 94.2% or 2X increase Operating Expenses US$201.9 million vs US$189.9 million or increased by 6.3% Operating Income US$1,636.8 million vs US$756.8 million, increased by 116.3% or 2X increase Operating Margin sharply up 26% vs 20% Income before Tax US$1,464.5 million vs US$598.8 million Increased by US$865.8 million or rose 144.6% Total Net Income US$940.0 million vs US$243.3 million For the Period Increased by US$696.8 million or rose 286.4% Total Net Income For The Year US$365.5 million vs US$63.7 million Attributable to Owners of Increased by USD 301.8 million or rose 473.8% The Parent Company Page 1 of 5 BUMI recorded US$940.0 million total net income vs US$243.3 million - Increased by US$696.8 million YOY. Attributable Net Income US$365.5 million vs Attributable Net Income US$63.7 million - Increased by US$301.8 million YOY. Pretax income rose to US$1,464.5 million vs US$598.8 million - Increased by US$865.8 million YOY. Operating margin rose to 26% vs 20% YOY. Gross margin increased 2-fold to US$1,838.7 million vs US$946.7 YOY. Expenses were controlled in spite of geopolitical situation, inflation, challenging La Nina conditions and wet high oil price. Gross revenue is US$6.26 bn vs US$3.75 bn YOY, an increase by US$2.50 bn or 67%. Operating Highlights YTD Sep 22 operating metrics are attached. La Nina heavy continuous rain since Dec 21 has impacted output by 9% YOY Priority was assigned to meeting DMO and PLN requirements. Though the company could not extract the coal exposed, overburden removed was maintained, inventories were run down to maximize sales - with drier weather we hope to accelerate output. Though a) Sales dropped 12%; b) inflation posed challenges; c) significantly higher royalty was paid (now 14% Domestic/28% Export vs previous 13.5%); d) priority to DMO - this impact was largely mitigated by the sharp 89% rise in coal price (US$118.7/t vs US$62.8/t YOY) evidenced by revenue increase US$6.26 bn vs US$3.75 bn YOY. Attributable Net Income of US$365.5 million was reported (vs US$63.7 million YOY). Full Year 2022 Guidance Volume : 70MT - 78 MT (vs 78 MT in FY 21) Price : US$120/t - US$130/t Production Cash Cost : US$45/t Notable Events Bumi announced an Extra-Ordinary General Meeting of Shareholders on Sep 22 to seek approval for a US$1.6 bn (Rp 24 Trillion) non- preemptive share issue without rights (200 bn shares/Rp 120/share. This was successfully held on 11 Oct 22. The proceeds have been received and payment for remaining PKPU debt has been made. The company is now jointly controlled by Bakrie & Salim Groups. Outstanding shares of the Company increase to 343.8 bn from 19 Oct 22 vs 143.8 bn before. The company would achieve debt free status and position to pursue its non coal diversification vision besides strengthening its existing business. Page 2 of 5 Annual Public Expose 2022 This is planned this quarter, the date fixed would be notified. Global Earnings Call Global earnings call on our 9M'2022 results is planned. Once finalized, dial in details would be separately advised. For further information, please contact: Dileep Srivastava Director & Corporate Secretary PT Bumi Resources Tbk. Tel (62-21) 5794 2080 Fax (62-21) 5794 2070 email [email protected] www.bumiresources.com Page 3 of 5 Appendix - 1 Consolidated Income Statement 9M'2022 vs 9M'2021 - Including KPC & Arutmin 30 September / 30 September / September 30, 2022 September 30, 2021 Metode Konsolidasi/ Metode Konsolidasi/ Consolidation Method Consolidation Method PENDAPATAN 6,258,832,145 3,754,094,216 REVENUES BEBAN POKOK PENDAPATAN (4,420,103,998) (2,807,362,364) COST OF REVENUES LABA BRUTO 1,838,728,147 946,731,852 GROSS PROFIT BEBAN USAHA (201,924,487) (189,894,544) OPERATING EXPENSES LABA USAHA 1,636,803,660 756,837,308 OPERATING INCOME (BEBAN) PENDAPATAN LAIN-LAIN - NETO (172,257,180) (158,085,506) OTHER (EXPENSE) INCOME - NET LABA SEBELUM BEBAN INCOME BEFORE INCOME PAJAK PENGHASILAN 1,464,546,480 598,751,802 TAX EXPENSE BEBAN PAJAK PENGHASILAN (524,509,741) (355,491,995) INCOME TAX EXPENSE LABA NETO SETELAH PAJAK 940,036,739 243,259,807 NET INCOME AFTER TAX BAGI HASIL (120,858,600) (16,176,429) PROFIT SHARING LABA NETO 819,178,139 227,083,378 NET INCOME Total Laba Tahun Berjalan Yang Dapat Total Net Income For The Year Diatribusikan Kepada: Attributable To: Pemilik Entitas Induk 365,490,837 63,700,061 Owners of the Parent Company Kepentingan Non-Pengendali 453,687,302 179,559,746 Non-Controlling Interests 819,178,139 243,259,807 Page 4 of 5 Appendix - 2 Operational Summary (ON FULL BASIS) - 9M'2022 vs 9M'2021 YTD Sep-22 YTD Sept-21 Var (%) Actual Actual KPC Overburden mbcm 371.3 375.4 -1% Strip ratio bcm/tmined 9.9 8.6 15% Coal Mined mt 37.6 43.8 -14% Coal Sales mt 35.7 43.8 -18% FOB Prices $/t 135.1 69.6 94% Inventory 2a mt 2.2 0.8 175% Arutmin Overburden mbcm 104.1 57.8 80% Strip ratio bcm/tmined 6.4 3.8 68% Coal Mined mt 16.2 15.0 8% Coal Sales mt 16.2 15.0 8% FOB Prices 1 $/t 82.8 * 42.8 93% Inventory 2b mt 0.9 0.8 13% COMBINED Overburden mbcm 475.5 433.2 10% Strip ratio bcm/tmined 8.9 7.4 20% Coal Mined mt 53.7 58.8 -9% Coal Sales mt 51.9 58.8 -12% FOB Prices 1 $/t 118.7 62.8 89% Inventory 2 mt 3.1 1.6 94% (100% Consolidated) Notes: 1 Subject to reconcilliation process. 2a Excluding inpit inventory. 2b Loss due to washing at Senakin mine * Including Arutmin's audit adjustment June 2022 Page 5 of 5

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