Different market between high and low CV. Limited resources of high CV. Import restrictions in China. PLATTS Forward Curve, Oct 1

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3 Jan 2015 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep Different market between high and low CV Limited resources of high CV Import restrictions in China PLATTS Forward Curve, Oct Source : Company Data fob Newcastle ICI ICI

4 China Coal Inventory (in days of use) Seaborne Supply Forecast (in mn t) Key Drivers of Price Forecasts Seaborne Supply Growth Exports will still likely increase, particularly in 1Q19 (see the chart) Increasing supply in Indonesia, Australia and Russia Chinese Import Uncertainty Coal inventory still appear adequate (see the chart) Slowdown in power demand and coal burn in China So, China began import restrictions due to sufficient inventory Risk to Price Differentials

5 DMO Regulation The DMO policy requires coal mining firms to sell at least 25 percent of their production in the domestic market Increase in Coal Production Volume Import Restrictions in China China's customs still maintain strict volume quotas for coal in an effort to reverse growth in imports that run counter to the policy goals of the country's main planning agency

6 ABM is an integrated energy company with current focus on Coal and its group Structure is established around integrated coal value chain CORE Mining Coal Mining Support mining from development stage, Coal production (pit to port until reclamation of mine) Mining Contractor COAL ENABLER Integrated Logistics Solution Manufacturing Fuel Supply Port Management, Stevedoring, Floating Crane, Harbor Tug, Tug Boat, Transshipment Logistics, warehousing solutions Services Engineered Product Manufacturing Internal Fuel Management Supply

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8 Global Bond Issuance Revenue (US$) Sewatama Debt Restructuring Gross Profit (US$) 16.9% 18.4% EBITDA (US$) Operating Profit (US$) 0.5% 29.8% Cash Balance (US$) Liability (US$) 52.6% 3.6%

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10 PT Tiara Marga Trakindo ( TMT ) Valle Verde Pte Ltd ( Valle Verde ) Public Reswara CK CKB SSB Sewatama PWP AJN PT Tunas Inti Abadi PT Alfa Trans Raya PT Pradipa Aryasatya PT Andara Candria Energi PT Media Djaya Bersama PT Baruna Dirga Dharma PT Karimun Power Plant PT Nagata Dinamika PT Bara Energi Lestari PT Dianta Daya Embara PT Energi Alamraya Semesta PT Mifa Bersaudar a PT Pelabuhan Buana Reja PT Nagata Bisma Shakti

11 Coal Mining Mining Contractor Engineering and Manufacturing Integrated Logistic Electric Power Solution Contribution to Revenue and EBITDA in 2017 CKB 14% SSB 7% CK 34% CKB 11% SSB 2% CK 18% SS 9% Revenue US$690.7mn SS 15% EBITDA US$166.8mn Reswara 36% Reswara 55%

12 Coal Mining Mining Contractor Engineering and Manufacturing Integrated Logistic Electric Power Solution

13 3 Concessions 2 Provinces >7,600 Employees 27 Provinces 52 Branches 22 Provinces 9 Branches 7 Provinces 11 Projects 5 Provinces 120 Projects 22 Provinces

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15 Coal Production Average Strip Ratio (mt) (x) A 2015A 2016A 2017A 9M M A 2015A 2016A 2017A 9M M 2018 ASP Average Cash Cost (US$ / mt) (US$ / mt) A 2015A 2016A 2017A 9M M A 2015A 2016A 2017A 9M M 2018

16 Coal Production Average Strip Ratio (mt) (x) ASP 2014A 2015A 2016A 2017A 9M M A 2015A 2016A 2017A 9M M 2018 Average Cash Cost (US$ / mt) (US$ / mt) A 2015A 2016A 2017A 9M M A 2015A 2016A 2017A 9M M 2018

17 Overburden Removal (mn bcm) Coal Production (mn ton) A 2015A 2016A 2017A 9M M A 2015A 2016A 2017A 9M M 2018

18 6% increase of coal sales volume in MIFA & TIA (combined) compared to previous quarter 31% increase in OB Removal compared to the previous year s quarter due to improvement in productivity and asset utilization. Since engaged with management consulting firms, CK s operational shows better performance even reaching the highest production level Coal Production also increase 23% from last year mainly due to higher coal production in MIFA and AGM site

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20 Revenue EBITDA and EBITDA margin (US$ millions) (US$ millions) 21% 28% 24% 25% 27% A 2016A 2017A 9M M A 2016A 2017A 9M M 2018 Operating Profit and Operating Profit Margin Net Profit and Net Profit Margin (US$ millions) 1% 7% 42 8% 9% % 89 (US$ millions) -6% 2% 1% 2% % A 2016A 2017A 9M M A 2016A 2017A 9M M 2018

21 Liquidity Ratios Return on Capital Employed (ROCE) % 6.5% 10.0% % M 2018 Current Ratio Quick Ratio Debt and Net Debt to EBITDA M 2018 LTM Debt and Net Debt to Equity M 2018 LTM Net Debt to EBITDA Debt to EBITDA M 2018 Net Debt to Equity Debt to Equity

22 Thank You