3Q22

PERFORMANCE RESULT

16 November 2022

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.

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Transporting coal through hauling road

01

3Q22 Highlights

3Q22 highlights - Upbeat profitability continues, ready to capture opportunities

performance

High coal price benchmark has brought a positive impact to ITM financial performance.

3Q22 net profit recorded at $433M, which is 75% higher as compared to 2Q22 net profit.

responsible corporate

Our strong code of conduct and

value-driven performance has been recognized: 11 awards in good mining practices, 4 awards from TOP GRC and best listed company from Bisnis Indonesia and Investor magazine.

smarter transformation

PT Cahaya Power Indonesia (CPI),

has installed 35.2 kWp at

McDonald's Kemang and 18.6 kWp

at McDonald's Boulevard, Kelapa

Gading.

Strong financial

ITM's 3Q22 ASP increased to $210/ton (+4% qoq or +90%

yoy) as coal price environment

remain strong due to global demand-supply dynamics and geopolitical conflicts.

3Q22 production level achieved the targeted number at 4.6Mt despite challenging weather to our coal operations.

as a good and

ITM assisted the development of "Nusantara" through constructing Mentawir Nursery. By 3Q22, the

towards greener,

ITM continues its digital

transformation, such as launching

EBITDA generated at $630M (+62% qoq or +108% yoy), resulting in solid cash position from $808M in 2Q22 to $1,251M in 3Q22.

Committed

land clearing for the area has been

completed and the facility

construction has been started.

Moving

integrated control room, carbon stock data collection by drone, as well as supporting mine reclamation and closure.

4

External recognition in 3Q22 for being good and responsible miner

Continuously adding value to the shakeholders

Bisnis Indonesia award 2022:

Investor awards best listed companies

best listed company for coal sector

2022: Top performing listed companies

with market capitalization above

Rp25triliun

Governance practices to conduct a lawful and ethical manner

11 awards in Good Mining Practice

4 awards in TOP GRC awards 2022

Award (GMP) 2022, including Aditama

namely Top GRC Awards 2022 #4 Stars,

Awards that was received by IMM for

The Most Committed GRC Leader 2022,

the Mining Engineering Management

The High Performing BOC, and The High

category

Performing Corporate Secretary

5

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PT Indo Tambangraya Megah Tbk published this content on 16 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 04:57:08 UTC.