PT Indo Tambangraya Megah Tbk : ITM Analyst Presentation 1Q24

About this update from Pt Indo Tambangraya Megah Tbk

Analysts Meeting 1Q24 Performance Result 16 May 2024 Disclaimer The information contained in this presentation is intended solely for your reference. This presentation contains "forward-looking" statements that relate to future events, which are, by their nature, subject to significant risks and uncertainties. All statements, other than statements of historical fact contained in this presentation including, without limitation, those regarding ITM's future financial position and results of operations, strategy, plans, objectives, goals and targets, future developments in the markets where ITM participates or is seeking to participate and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "will", "may", "project", "estimate", "anticipate", "predict", "seek", "should" or similar words or expressions, are forward-looking statements. The future events referred to in these forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond our control, which may cause the actual results, performance or achievements, or industry results to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which ITM will operate in the future and are not a guarantee of future performance. Such forward-looking statements speak only as of the date on which they are made. ITM does not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. The information set out herein is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company. ITM makes no representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved, and such forward-looking statements represent, in each case, only one if many possible scenarios and should not be viewed as the most likely or standard scenario. No assurance given that future events will occur, or our assumptions are correct. Actual results may materially differ from those provided in the forward-looking statements and indications of past performance are not indications of future performance. In no event shall ITM be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this material. ITM makes no representation whatsoever about the opinion or statements of any analyst or other third party. ITM does not monitor or control the content of third-party opinions or statements and does not endorse or accept any responsibility for the content or use of any such opinion or statement. This presentation does not constitute an offer to sell or a solicitation of an offer to buy or sell ITM's securities in any jurisdiction. Highlights 1Q24 highlights - deliver higher production B U S I N E S S P E R F O R M A N C E Production Sales ASP 4.9 Mt 5.0 Mt $97/ton 44% QoQ / 31% YoY -12% QoQ / 11% YoY 1% QoQ / -36% YoY Revenue EBITDA Net Profit $489 Mn $85 Mn $61 Mn -11% QoQ / -29% YoY -35% QoQ / -64% YoY -35% QoQ / -66% YoY G O O D A N D R E S P O N S I B L E Rehabilitation on reclamation area ITM efforts to restore ecosystem in reclamation area in KTD site Embalut recorded a new achievement with the success of the corn farming program which was marked by the first harvest covering an area of 10 hectares. G R E E N E R , S M A R T E R T R A N S F O R M A T I O N Stronger solar PV project ITM through its subsidiary IBP, keep its focus on greener, smarter transformation by growing solar PV projects. In 1Q24, contracted capacity increased by 4.9 MWp, with total capacity of 29.8 MWp as of Mar 2024. 5 ITM board members s Prof. Dr. Djisman S. r Simandjuntak e President o n Commissioner & i Independent m m i s s Mahyudin Lubis C o Independent f Commissioner o o a r d Somruedee B Chaimongkol Commissioner Fredi Chandra Commissioner Newly appointed members of BOC Sinon Vongkusolkit Commissioner Prof. Djoko Wintoro, PhD. Independent Commissioner Dr. Kirana Limpaphayom Commissioner Somsak Sithinamsuwan Commissioner Maneewan Vachiruckul Commissioner Jamon Jamuang Commissioner c t o r s Mulianto r e President Director D i o f r d Jusnan Ruslan a Director B o Stephanus Demo Wawin Director Parameth Prasan Director Newly appointed members of BOD Niwat Boonyad Director Ignatius Wurwanto Director Yulius Kurniawan Gozali Director Junius Prakasa Darmawan Director Isara Pootrakul Director Narin Sampattanavorachai Director 6 Starting strong with GPK coal production Latest development of GPK during 1Q24 Graha Panca Karsa (GPK) has completed the construction of the coal crushing plant, port construction (including main and fuel jetty, jetty, and barge loading conveyor), and control room. The first coal getting was carried out in the latter part of 1Q24. GPK coal quality will allow ITM to capture a wide range of customers' requirement both in the domestic and export markets. GPK plan to complete other support facilities and target to produce 1.0 Mt with a strip ratio of 3.0-4.0x in 2024. 7 Readying for Tepian Indah Sukses (TIS) Barge Ports East Bunyut Hauling Kalimantan Port Stockpile Crusher Trubaindo Tepian Indah Sukses Heading toward Bharinto South Block 1 South Block 2 Update and latest development Tepian Indah Sukses (TIS) is our greenfield coal mine located in East Kalimantan. The close proximity to the Trubaindo mine area implies a similar coal seam with high coal quality in the range of 6,600-7,100 kcal/kg. TIS strategic opportunity is to reap operational synergy in the Melak Area by utilizing shared facilities with Trubaindo (hauling road, Bunyut port facility, laboratory, and other supporting facilities). Towards the end of 1Q24, TIS started the early stage of coal production and expected to do the first coal barging in 2Q24. We expect TIS to be able to produce coal of 0.4 Mt in 2024. 8 ITM WAY FORWARD MINING Coal mining Optimizing coal mining performance through existing coal assets, organic exploration, greenfield mine development, and underground mining Strategic minerals Anticipating future needs through potential investment in clean-tech mineral resources ENERGY SERVICES Contractor business Capacity expansion and business process improvement Coal trading Optimize 3 rd party coal purchased through coal blending and direct sales Mining digital products Digital solution for mining sector Port and logistics Utilize the existing infrastructure RENEWABLES AND OTHERS Solar based renewable Solar PV hybrid powerplant and solar rooftop Hydro-based renewable Clean energy generation Underground coal gasification Exploring any opportunities in the downstream project Nature-based solutions (NBS) Prospecting on carbon offset and carbon trading 9 9 Coal Market Trends

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