PT Exploitasi Energi Indonesia Tbk. Indonesia’s Integrated Energy Provider Presentation , September 2013

Strictly Private & Confidential

Executive Summary

2

An Integrated Domestic Energy Provider 1

Cost Synergy throughout Chain Operations 4

Secured Supply through Owning Coal Concessions 3

Strong Earnings Stability amid Coal Price Volatility 2

Secured Revenues through Long Term PLN Offtake Contract 5

Strongly Positive Regulatory Environment 6

One of Indonesia’s integrated energy companies

Business Model

3

EEI Power Plant

State-owned Company

(PLN)

Coal Concessions

Electricity Supply

Coal Supply

PPA Contract

Coal Contract

!  EEI Business model provides both coal and electricity to domestic market (PLN) under long

term offtake contract

!  Long term contracts assure revenue and margin stability unlike other pure-coal play

companies

CU

RR

EN

T B

US

INE

SS

VERTICALLY INTEGRATED ENERGY PLAYER

Company Overview

4

!  Six coal concessions in Central

and South Kalimantan

!  Est. combined resources of over

300 million MT and reserves of

over 200 million MT

COAL MINING

!  Three coal terminals with processing capacity up to 3.5

million MT annually

!  Operates 18 coal tug and barge units to transport up to 3.1 million MT annually

!  Majority trading is to fulfill

supply agreements with PLN

COAL TRADING, LOGISTICS & TRANSPORT

!  Three coal-fired power plants with total installed capacity of 42

MW in Kalimantan and Sumatra

!  PLN agreements for 25 years until year 2036 – 2038

!  E n t e r e d A g r e e m e n t s f o r combined capacity of 12 MW of

hydro and 130 MW of coal plants

POWER GENERATION

EEI is listed on the IDX (ticker code:CNKO) since 2001, has completed US$ 245 million Rights Offering in January 2013 to arrive at US$ 364 million market capitalization company

Five Years Profitability Projections (All in US$ Million)

169

309

430

556

607

47

104

147

225

262

30

76

109

175

203

29

68 92

147 162

10 33

47

91 106

2013 E 2014 E 2015 E 2016 E 2017 E

Revenue Gross Profit EBITDA EBIT NI

Competitive Advantages as an Integrated Energy Player

6

Coal Mining

Trading, Logistics & Infrastructure

PLN Off-take

Electricity Sale

!  Security of coal supply !  Increased production to satisfy contracts

with assured off-take

!  Increased trading and logistics capacity !  Abi l i ty to blend, wash and dry

aggregates domestic coal and export

!  Infrastructure play

!  Long term revenue stability

!  Assured profit margin

Delivery to power plants, PLN or mother vessels

Division Trading, Infrastructure and Logistics

7

Coal Concession

CONVEYOR CRUSHER

STOCKPILE COAL WASHING

PLANT

COAL TERMINALS (EEI, TDGP and KGB)

Coal terminal facilities to serve other coal companies & EEI

Coal delivery flow through

river or roads

2

Coal Concession

Coal Concession

Coal Concession

Coal Concession

Coal Concession

3

1

TUGBOATS & BARGES (TLS)

!  EEI is able to ensure chain opera t ions and inc rease profitability through trading

!  Fixed revenue from surrounding

dependent concessions

Coal Terminal Development Plan

CRUSHER (Existing)

UPGRADING TDGP COAL TERMINAL (45 ha land)

JETTY (Existing)

CRUSHER (Existing)

JETTY (Existing)

UPGRADING KGB COAL TERMINAL (20 ha land)

Capacity to develop:

!  345,438 MT Stockpile Capacity and

16,000 MT ROM

!  Fitting for 5 units of 300 feet barges with

8,000 DWT each d

Capacity to develop:

!  671,455 MT Stockpile Capacity and

16,000 MT ROM

!  Fitting for a mother vessel with 80,000

DWT d

Note: Red arrows shows ROM coal flow and green arrows shows truck movements

9

Division Power Plant : PLN Offtake Contract Provides Stable Profit Margin

!  Contract advantage: the passthrough coal price is based on the last 3 months of the year (during winter period which generally fetches higher price)

!  The volatile coal price is bourne by PLN hence fixed revenue over long term is assured

PPA contract - Electricity sale price will reflect:

A: Capital Cost for 5 years

B: Coal Price: Passthrough to PLN

C: Fixed Costs for Operation and Maintenance

D: Variable Costs for Operation and Maintenance

E: Transmission Costs

Fixed Revenues in 25 years contract

60

70

80

90

100

110

120

130

Jan 2010 Jul 2010 Jan 2011 Jul 2011 Jan 2012 Jul 2012

Newcastle Coal Index (US$/MT)

1

2

1

2

Appendix

10

Coal Overview

Coal Production / Consumption Overview

Power Demand in Indonesia

Industrial

57 TWh

29%

Residential

&

commercial

115 TWh

58%

System

losses

26 TWh

13%

!

0

50

100

150

200

250

300

350

2012

2013

2014

2015

2016

2017

2018

2019

2020

Pow

er

dem

and (

TW

h)

Java-Bali Sumatra Rest of Indonesia

CAGR 7.5%

Indonesian Power demand by sector (2012) Indonesian Power Sales by region (2012- 2020)

Available capacity by region (2012 – 2020) Crash Build I Capacity by Region

0

10

20

30

40

50

60

70

2012

2013

2014

2015

2016

2017

2018

2019

2020

Capacity

(G

W)

0%

2%

4%

6%

8%

10%

12%

14%

16%

Java-Bali Sumatra

Kalimantan Others

Reserve Margin (%)

CAGR 7.1%

Java-Bali

7,340 MW

79%

Sumatra

1,275 MW

13%

Sulaw esi

220 MW

2%Kalimantan

410 MW

4%

Papua &

Timor

202 MW

2%

Crash Build II Capacity by ownership and region Crash Build II by Fuel Type

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

IPP PLN

Capacity

(M

W)

Java-Bali Sumatra Kalimantan

Sulaw esi Papua & Timor

Gas

280 MW

3%

Hydro

1,657 MW

17%

Geothermal

4,860 MW

49%

Coal

3,089 MW

31%

Grid Power Generation by Fuel (2012 – 2020)

0

50

100

150

200

250

300

350

2012

2013

2014

2015

2016

2017

2018

2019

2020

Grid

gen

erat

ion

(TW

h)

48%

50%

52%

54%

56%

58%

60%

62%

64%

Lost load

Renew ables

Solar

Geothermal

Diesel

Fuel oil

Hydro

Gas

Coal

Coal (%)

Indonesian Planning map for Grid and supply of electricity

1

32

Export electricity

Export electricity

Thank You