PT Indo Tambangraya Megah Tbk : ITM Analyst Presentation 4Q24

About this update from Pt Indo Tambangraya Megah Tbk

Analysts Meeting 4Q24 Performance Result 3 March 2025 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 ITM 4Q24 highlights Operational Performance Production 5.2 Mt -10% QoQ / 51% YoY Sales 6.9 Mt 10% QoQ / 22% YoY Financial Performance Revenue $647 Mn 7% QoQ / 18% YoY Net Profit $103 Mn -29% QoQ / 9% YoY Completion of watershed rehabilitation in Menoreh hill During 4Q24, PT Bharinto Ekatama (BEK), an ITM subsidiary has successfully completed Menoreh watershed rehabilitation planting program, covering an area of 250 Ha. This program commenced its planting activities in late 2021. ITM joined the UN Global Compact Network ITM participation in the United Nations Global Compact Network (UNGCN) will allow us to access the UNGCN resource to support our sustainability journey. 5 Optimizing supply chain and driving responsible transition ENERGY SERVICES Enhanced value creation through existing assets and infrastructure across supply chain . RENEWABLE AND OTHERS Strongly utilize the growth momentum of our solar rooftop business. 23.5 Mbcm TRUST OB volume 4.4 Mt Third party coal sales Working infrastructure completion Following the transfer of working area to Melak area in 2022, TRUST has finished supporting infrastructures including workshop and housing to support business in the long term. Growing third party coal sales Continued growth (9% YoY) to strengthen overall business performance. 61.3 MWp Contracted capacity 12.9 MWp Operating capacity Robust renewable business growth The contracted capacity of solar based renewable rose almost 3 times YoY from 23.1 MWp to 61.3 MWp. Good construction project progress The operating capacity of solar based renewable rose almost 2 times YoY from 6.9 MWp to 12.9 MWp. 7 2024 awards and accolades 1 2024 ASRRAT ITM received Platinum Rank at the 2024 Asia Sustainability Reporting Rating, the highest rank tier. 2024 CSA Awards ITM was awarded for its achievement in performance, environmentally friendly technology innovation, and the establishment of the Mentawir Nursery. Platinum Plus & Green Elite Awards ITM was awarded Green Elite and Platinum Plus for its efforts to reduce carbon emissions. 2024 LIKE Festival ITM was awarded for its role in large-scale nursery development, while IMM was recognized for its compliance to PNBP PKH and PPKH obligation, by Ministry of Environment and Forestry. CSR PDB Awards Subsidiary of ITM, IMM received a silver rating for its Community Empowerment program, from ISSF and the Ministry of Villages, Development of Disadvantaged Regions and Transmigration. 2024 Top CSR Awards ITM received three awards: Top CSR Star 5, Top Leader on CSR Commitment, and Top CSR Award for Green & Smart Sustainable Business. 1 7 2 8 3 9 4 10 11 5 12 6 13 14 2024 Top GRC Awards ITM received an award for its commitment in implementing the principles of GRC. 2024 Sustainable Business Integrity Index ITM received an award organized by Tempo Media Group with Transparency International Indonesia (TII). Award from Ministry of Transportation Subsidiary of ITM, TCM received the Best Special Terminal category from Directorate General of Sea Transportation, Samarinda Class I Sea Transportation Awareness and Authority Office (KSOP). 10 2024 Prasetya Ahimsa Awards ITM mine subsidiaries were awarded by the Directorate General of Mineral and Coal, Ministry of Energy and Mineral Resources for implementing mining safety. 11 2024 Healthy Port Awards ITM subsidiary, IMM received an award from the Ministry of Health for implementing a healthy port. Business and operational excellence Fortune Indonesia 100 ITM being included in the list of "100 Greatest Companies in Indonesia" 2024 based on FY23 results. Tempo and IDN Financials Awards Four awards were received for ITM sustained performance growth over the past five years. 2024 Good Mining Practice Awards ITM mine subsidiaries received 16 awards for implementing good mining principles, given by the Ministry of Energy and Mineral Resources. 8 Leveraging global future trends to drive long-term growth 1 2 Renewable Carbon linkage energy products 3 4 Electric Data center vehicle and AI Solar PV is expected as the primary source of renewable electricity generation. Global electricity from renewable sources Unit: thousand TWh Carbon linkage product is essential to support the Net Zero goals. Global carbon credit market value Unit: billion USD Electric vehicle will be more Growing data center prominent transportation in capacity supported by AI the future. usage. Global EV sales share Global data center capacity Unit: EV/all vehicle sales (%) Unit: GW Capacity 17.6 1.3 4.8 Others RE 9.0 Hydro 0.8 5.0 4.2 Wind 2.3 6.5 Solar PV 1.6 2023 2030 Note: based on IEA stated policies scenario Sources: IEA, Reuters, MSCI and McKinsey 7 - 35 1 2023 2030 85% 15% 2023 Non EV EV 60% 40% 2030 Non EV EV 219 55 2023 2030 Note: based on McKinsey mid range scenario 9 Coal Market Trends

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