PT Indo Tambangraya Megah Tbk : ITM Analyst Presentation 1Q24

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.

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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.

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Highlights

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.

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Coal Market Trends