PT BUMI RESOURCES Tbk. Paparan Publik Tahunan. Jakarta, 12 Desember 2017

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PT BUMI RESOURCES Tbk.

Paparan Publik Tahunan

(2)

Agenda

1. Sekilas tentang Perseroan

2. Kinerja Produksi dan Penjualan

3. Kinerja Keuangan



Laba /Rugi



Neraca

4. Gambaran Pasar dan Biaya Produksi

5. Proses Restrukturisasi Utang

6. Rangkuman dan Rencana ke Depan

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Sekilas tentang Perseroan



Salah satu pengekspor batubara terbesar di dunia



KPC merupakan tambang batubara bertujuan ekspor terbesar di dunia



Perusahaan berbasis sumber daya alam dan penghasil batubara termal terbesar di Indonesia (KPC

dan Arutmin) dengan penguasaan pasar batubara dari seluruh produksi batubara Indonesia pada

tahun 2016

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

memproduksi batubara sebanyak 81 juta metrik ton pada tahun 2015, dan pada tahun 2016

sebanyak 86 juta metrik ton



Memiliki 2,4 miliar metrik ton cadangan batubara yang siap dipasarkan dan 11,5 miliar metrik

ton sumberdaya batubara (di luar cadangan)



Masih terdapat potensi yang sangat besar untuk mengembangkan cadangan; tambang KPC

baru sebagian yang dieksplorasi



Memiliki lokasi yang ideal untuk pasar batubara utama di Asia dan Eropa



Memiliki pertambangan terbuka dengan fasilitas pengolahan batubara yang terpadu



Infrastruktur terdedikasi, termasuk terminal pemuatan batubara, fasilitas pelabuhan, pembangkit

listrik dan konveyor batubara yang terikat



Membagi bisnis menjadi batubara dan non batubara

- BUMI akan memfokuskan diri pada dominasi batubara termal

- BRMS menjadi perusahaan terbuka yang fokus pada industri metal

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Struktur Kepemilikan Bumi

Menjadi Perusahaan Sumberdaya Tambang Terdiversifikasi

Gorontalo Minerals – Gold & Copper Mining

(in exploration stage)

Citra Palu Minerals – Gold Mining

Dairi Prima Minerals– Zinc ,Lead

(in exploitation stage)

80% 80% 96.97%

(

Mineral/Non-Batubara

)

KPC 51%

(Batubara, Minyak & Gas)

Arutmin

Gallo Oil (Jersey) – Oil Production (in exploration stage)

IndoCoal Resources (Cayman) Ltd

70%

100% 70%

Effective Darma Henwa – Contract

PT Bumi Resources Minerals Tbk

35.73%

PT BUMI RESOURCES TBK.

51% IndoCoal KPC Resources

(Cayman) Ltd

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Batubara yang Diproduksi/Ditambang 2001- selanjutnya

5

0 20 40 60 80 100 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 81 86

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Cadangan dan Sumber Daya Batubara – Terbesar di Indonesia

Dalam Juta Ton

KPC:

848 6,848

7,696

Arutmin:

Batubara Sub Bitumen

60

828

891 Ecocoal

190 1,549

1,739

250 2,377

2,627

Pendopo:

1,306

2,311

3,617

TOTAL

2,404

11,536

13,940

Cadangan

Batubara

Total

Sumber Daya

Batubara

• Cadangan terkini sebesar 2,4 miliar metrik ton

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2015 2016 9M'16 9M'17

KPC Arutmin

2015 2016 9M'16 9M'17

KPC Arutmin

9M’17 : Kinerja Operasional (on full basis)

 Produksi dan Penjualan yang Membaik Secara Signifikan

 Rasio Pengupasan (Strip Ratio) pada Tingkat Usia Tambang

 Efisiensi dan Optimisasi yang Membaik

FUNDAMENTAL MASIH SANGAT KUAT

Pengupasan Tanah Penutup

(in mn bcm)

Volume Batubara Ditambang

(in mn tons)

Rasio Pengupasan

(in bcm/t)

Penjualan Batubara

(in mn tons) 578 81 79 63 _7.1x 593 444 444 87 63 62 88 65 6.9x 7.1x 7.2x

7

2015 2016 9M'16 9M'17 KPC Arutmin

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09’17 – 09’16 : Sekilas Kinerja

METRIKS OPERASIONAL

Pengupasan Tanah Penutup

444,3 mbcm vs 443,5 mbcm atau meningkat 0,2%

Volume Batubara Ditambang 62,1 juta metrik ton vs 62,7 metrik ton atau berkurang 0,9%

Penjualan Batubara

62,6 metrik ton vs 64,6 metrik ton atau berkurang 3,1%

Biaya Kas Produksi

$ 29,9/ton vs $ 25,8/ton atau meningkat 15,9%

Harga FOB

$ 55,9/ton vs $ 40,1/ton atau meningkat 39,6%

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9

Dalam Juta US$

09-2017 FY -2016 %

Aset Lancar 406,1 529,1 -23,2%

Aset Tidak Lancar 2.579,1 2.573,1 0,2%

Total Aset 2.985,2 3.102,2 -3,8%

Liabilitas Jangka Pendek 235,1 764,3 -69,2% Liabilitas Jangka Panjang 2.542,6 5.122,7 -50,4%

Total Liabilitas 2.777,7 5.887,0 -52,8%

Ekuitas Pemegang saham 207,5 (2.784.8) 107,4% Total Liabilitas & Ekuitas 2.985,2 3.102,2 -3,8%

09-2017 09-2016 %

Pendapatan 17,4 18,1 -4%

Beban Pokok Pendapatan - - -

Laba Bruto 17,4 18,1 -4%

Rugi Usaha (12,8) (2,8) 357%

LABA NETO YANG DAPAT DIATRIBUSIKAN KEPADA

Pemilik entitas induk 263,8 73,1 260,9% Kepentingan non pengendali (21,3) (13,5) 57,8%

Total 242,5 59,6 306,9%

9

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Dalam Juta US$

Ikhtisar Keuangan – Consolidated

09-2017 FY -2016 %

Aset Lancar 1.446,0 1.585,1 -8,8%

Aset Tidak Lancar 3.369,2 3.429,0 -1,7%

Total Aset 4.815,2 5.014,1 -4,0%

Liabilitas Jangka Pendek 1.869,3 2.543,5 -26,5% Liabilitas Jangka Panjang 2.393,0 4.936,7 -51,5%

Total Liabilitas 4.262,3 7.480,2 -43,0%

Ekuitas Pemegang saham 552,9 (2.466,2) -122,4%

Total Liabilitas & Ekuitas 4.815,2 5.014,1 -4,0%

09-2017 09-2016 %

Pendapatan 3.599,2 2.649,6 35,8%

Beban Pokok Pendapatan 2.490,0 2.229,9 11,7%

Laba Bruto 1.109,2 419,7 164,3%

Laba Usaha 825,3 119,3 591,8%

Pemilik entitas induk 263,8 73,1 260,9% Kepentingan non pengendali 175,2 (3,3) -5409%

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11

Dalam Juta US$

Ikhtisar Keuangan

pre-adoption and post adoption PSAK 66

11

Metode Konsolidasi Setelah PSAK % Aset Lancar 1.446,0 406,1 256,1%

Aset Tidak Lancar 3.369,2 2.579,1 30,6%

Total Aset 4.815,2 2.985,2 61,3%

Liabilitas Jangka Pendek 1.869,3 235,1 695,1% Liabilitas Jangka Panjang 2.393,0 2.542,6 -5,9%

Total Liabilitas 4.262,3 2.777,7 53,5%

Ekuitas Pemegang saham 552,9 207,5 166,5%

Total Liabilitas & Ekuitas 4.815,2 2.985,2 61,3% Metode

Konsolidasi

Setelah

PSAK %

Pendapatan 3.599,2 17,4 20585,0%

Beban Pokok Pendapatan 2.490,0 - 0%

Laba Bruto 1.109,2 17,4 6.274,7%

Laba (Rugi) Usaha 825,3 (12,8) -6547,6%

Pemilik entitas induk 263,8 263,8 0% Kepentingan non pengendali 175,2 (21,3) -922,5%

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09’17 – 09’16 : Sekilas Kinerja

DATA KEUANGAN

Pendapatan

USD17,4 juta vs USD18,1 juta atau berkurang 4%

Beban Pokok Pendapatan

USD0 juta vs USD0 juta

Laba Bruto

USD17,4 juta vs USD18,1 juta atau berkurang 4%

Margin Laba Bruto (% terhadap Pendapatan)

100% vs 100%

Beban Usaha

USD30,2 juta vs USD21,0 juta atau meningkat 44%

Rugi Usaha

USD12,8 juta vs USD2,8 juta atau meningkat 357%

Margin Usaha (% terhadap Pendapatan)

-74% vs -15%

Laba Sebelum Pajak

USD282,2 juta vs USD46,3 juta

Positif sebesar USD235,9 juta secara yoy

Laba Bersih

USD242,5 juta vs USD59,6 juta

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13 09’17 – 09’16 : Konsolidasi

DATA KEUANGAN

Pendapatan

USD3.599,2 juta vs USD2.649,6 juta atau meningkat 35,8%

Beban Pokok Pendapatan

USD2.490,0 juta vs USD2.229,9 juta atau meningkat 11,7%

Laba Bruto

USD1.109,2 juta vs USD419,7juta atau meningkat 164,3%

Margin Laba Bruto (% terhadap Pendapatan)

30,8% vs 15,8%

Beban Usaha

USD283,8 juta vs USD300,4 juta atau menurun 5,5%

Laba Usaha

USD825,3 juta vs USD119,3 juta atau meningkat 591,8%

Margin Usaha (% terhadap Pendapatan)

22,9% vs 4,5%

Laba Sebelum Pajak

USD887,2 juta vs USD88,2 juta

Positif sebesar USD799 juta secara yoy

Laba Bersih

USD439 juta vs USD69,8 juta

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Harga Jual Rata-rata

2014

2015

2016

9M'16

9M'17

Q3'17

ASPs (exc . Ecocoal )

$

66,4

$

53,8

$

51,0

$

47,4

$

65,8

$

67,7

Ecocoal

$

29,7

$

24,8

$

22,0

$

22,3

$

29,8

$

33,2

ASPs KPC+AI

$

52,7

$

44,8

$

42,1

$

40,1

$

55,9

$

58,0

(in US$ per ton)

Catatan: Harga Rata-rata Penjualan berdasarkan harga FOB, termasuk royalti kepada pemerintah

Harga Jual Rata-rata Tertimbang

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Penjualan Batubara – berdasarkan Tujuan

15 Combined

2017

(Jan - Sep)

Negara

Penjualan (ton) Penjualan (%)

Indonesia

23.245.485 37%

India

17.641.830 29%

Jepang

6.867.681 11%

Tiongkok

5.727.206 9%

Filipina

4.486.093 7%

Malaysia

1.224.417 2%

Thailand

1.168.385 2%

Lain-lain

1.978.335 3%

TOTAL

62.607.416 100%

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Biaya Produksi Batubara

Komposisi Biaya Kas Produksi

(dalam USD per ton) FY13 FY14 FY15 09’16* 09’17*

Bumi 40,5 34,6 30,2 25.8 29.9

KPC 46,0 41,9 33,2 28.8 32.4

Arutmin 31,0 22,5 23,1 19.4 24.2

Note: (1) Dihitung dengan cara membagi biaya kas produksi dengan produksi batubara yang ditambang, tidak termasuk FBS.

(2) Dihitung dengan cara mengurangi biaya kas produksi dari haga rata-rata penjualan. * Tidak Diaudit

Biaya Bahan Bakar per Ton (USD) 9.7 7.7 5.6 3.7 4.5 Rasio Pengupasan 8.6x 6.9x 7.1x 7.1x 7.2x Margin Kas2) _23.4 _18.1 _{14.6 14.3} _26.0

Biaya Kas Produksi

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Kontraktor Tambang

52% Biaya Bahan Bakar

15%

Pemeliharaan, Penyewaan Alat Berat 20%

Biaya Tenaga Kerja 6%

Bahan-bahan Lainnya 7%

9M 2017

Curah Hujan di Sangatta

Harga Diesel untuk Keperluan Industri di Indonesia

Harga Diesel menurun secara signifikan bersamaan dengan

turunnya harga minyak bumi

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PT Bumi Resources Tbk.

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Proses Restrukturisasi Utang

Restruturisasi Utang CIC-Master Deed 8 Oktober 2013; diubah dan dinyatakan kembali

28 Jan’2014 Penyelesaian Utang menjadi Aset – 19% saham KPC ke CIC Penerbitan Saham Baru (Right Issue) IV-

Pengurangan Utang Moratorium Utang- Singapura Pendaftaran PKPU ke Pengadilan Niaga Oleh Kreditur

Oktober 2013 Juli 2014 30 Juni 2014 24 November 2014 6 April 2016

Putusan PKPU Sementara oleh Pengadilan Niaga (“PKPU Sementara”)

Putusan Pengadilan Niasa atas PKPU Sementara menjadi

PKPU tetap

Rapat Kreditur dan Voting atas Rencana

Perdamaian

Sidang Pengesahan Oleh Majelis Hakim

atas Perkara No.36/Pdt.Sus- PKPU/2016/PN.Niaga.Jk t.Pst. Homologasi Rencana Perdamaian oleh Majelis Hakim atas Perkara No.36/Pdt.Sus-PKPU/2016/PN.Niaga.Jk

t.Pst.

25 April 2016 9 Juni 2016 9 November 2016 28 November 2016 28 November 2016

Rapat Umum Pemegang Saham Luar Biasa untuk

Persetujuan atas Penerbitan Saham Baru

(Right Issue) dan Obligasi Wajib Konversi

(MCBs)

7 Februari 2017 July 2017 11 Desember 2017

Berakhirnya Penerbitan Saham dan Obligasi

Wajib Konversi (yang diterbitkan ke

publik dan pihak kreditur)

Tanggal Efektif: Penerbitan surat utang (note) baru, CVR, MCB dan saham baru kepada Kreditor

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Hasil PKPU

28 November 2016

19  Pada tanggal 9 November 2016, para kreditor BUMI (Perseroan) yang telah

terverifikasi melaksanakan pemungutan suara (voting) atas rencana

perdamaian yang diajukan oleh Perseroan

(“Perjanjian Perdamaian”).

Berdasarkan hasil voting, 100% kreditur konkuren dan 99,84% kreditur

separatis yang hadir menyepakati isi Perjanjian Perdamaian tersebut.

 Kemudian, berdasarkan hasil voting tersebut, Pengadilan Niaga telah

menghomologasi dan memberikan putusan pengesahan atas perjanjian

perdamaian dimaksud pada tanggal 28 November 2016, dan selanjutnya

status PKPU Bumi dicoret dari nama Perseroan.

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Fasilitas Baru

total bunga hingga 7,5% p.a.(kas dan akrual) ditetapkan berdasarkan harga acuan (benchmark price). Bunga kas jatuh tempo dan wajib dibayar pada setiap tanggal pembayaran bunga.

Bunga akrual harus dikapitalisasi dan dibayarkan secara penuh pada saat Jatuh Tempo sepanjang tidak dibayarkan pada masing-masing tanggal pembayaran bunga.

Tranche A

Tranche B

Tranche C

USD 600juta USD 600juta USD 406juta

Bunga

8% p.a. (PIK Interest).

9% p.a. (PIK Interest).

Wajib dibayar apabila kas tersedia

berdasarkan Cash Waterfall.

Jatuh tempo dan wajib dibayar

pada setiap tanggal pembayaran

bunga.

Sepanjang tidak dibayarkan harus

dikapitalisasi dan dibayarkan

secara penuh pada saat Jatuh

Tempo

Bunga sepanjang tidak

dibayarkan harus dikapitalisasi

dan dibayarkan secara penuh

pada saat Fasilitas Tranche C

Jatuh Tempo

Pembayaran

Contingent Value Rights

(CVR)

Jumlah:US$50juta

_{Jumlah: USD50juta}

5 tahun sejak Tanggal Efektif

Sesuai ketersediaan kas mengikuti urutan prioritas

Cash Waterfall

Pemicu Penyelesaian : dalam hal Harga Acuan Rata-Rata lebih tinggi dari USD70/mt dalam jangka waktu 18

N/A

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Obligasi Wajib Konversi (“OWK”)

21  Bunga (kupon): 6,0% p.a., dibayarkan setiap bulan mengikuti urutan prioritas Cash Waterfall sepanjang terdapat dana

yang memadai atau ditunda dan wajib dibayar pada saat jatuh tempo.

 Jatuh Tempo : 7 tahun dari Tanggal Efektif OWK

 Harga Konversi:

• Tahun 1 – 2 : 30% lebih tinggi dari Harga Acuan (Reference Price).

• Tahun 3 : Mana yang lebih rendah dari (i) Harga Acuan atau (ii) 140% dari Harga Rata-rata Tertimbang Volume

(“VWAP”) selama 6 bulan terakhir dari Tahun 2.

• Tahun 4 : Mana yang lebih rendah dari (i) Harga Acuan atau (ii) 140% dari VWAP selama 6 bulan terakhir dari Tahun 3.

• Tahun 5 : Mana yang lebih rendah dari (i) Harga Acuan atau (ii) 125% dari VWAP selama 6 bulan terakhir dari Tahun 4.

• Tahun 6 : Mana yang lebih rendah dari (i) Harga Acuan atau (ii) 125% dari VWAP selama 6 bulan terakhir dari Tahun 5.

• Tahun 7 : Mana yang lebih rendah dari (i) Harga Acuan atau (ii) 125% dari VWAP selama 6 bulan terakhir dari Tahun 6.

 Jatuh Tempo: Konversi wajib pada rata-rata aritmatik IDR VWAP saham BUMI selama periode 6 bulan yang berakhir

pada Hari Kerja sebelum Tanggal Jatuh Tempo OWK.

 Bergantung persetujuan pemegang saham dan mematuhi peraturan yang berlaku

 Harga Acuan (Reference Price) : Rp926,16 per saham

 Pemegang OWK memiliki hak untuk mengkonversi OWK menjadi saham:

• Tahun 1 – 3 : Maksimum 25% dari nilai terutang OWK

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Penerbitan Saham Baru (Rights Issue)

 BUMI telah menyelesaikan Penerbitan Saham Baru (Rights Issue)

 Berdasarkan Nilai Ekuitas Aset Bersih sebesar USD4,6 miliar, harga konversi

ditetapkan sebesar Rp926,16 per lembar, menggunakan kurs tukar

@Rp13.235

(23)

Tata Kelola Perusahaan yang Semakin Baik

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Tinjauan Masa Depan

• Kapabilitas Produksi: 100 juta metrik ton per Tahun

• Keuntungan kenaikan harga batubara, penurunan biaya

• Tercapainya pengurangan utang - USD2,6 miliar (dari USD4,2 miliar USD1,6 miliar)

• Mempercepat pengembangan Bumi Resources Minerals

• Kembali menghasilkan profit (laba) mulai Laporan Keuangan 2016

• Manfaat restrukturisasi dalam Laporan Keuangan 2017

- Pengurangan pembayaran

bunga tahunan sebesar lebih dari

¼

miliar USD

• Pedoman 2017

- Produksi & Penjualan

Volume tetap lantaran curah hujan tinggi yang tidak biasanya

- Harga Batubara

Naik 40% dibandingkan Tahun ’16

• Prospek 2018

- Kenaikan Volume

Naik sekitar 10% dari estimasi Tahun ’17

- Harga Batubara

Diharapkan meningkat dari level 09’17

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Kapitalisasi Pasar – Perubahan – Sebelum & Sesudah Restrukturisasi

illustrasi

JUMLAH SAHAM BEREDAR SAAT INI : 36.6 miliar

PENERBITAN SAHAM BARU : 28.8 miliar

PENAMBAHAN SAHAM : 65.4 miliar

HARGA PENERBITAN SAHAM BARU : Rp 926.16 /lembar

BASIS HARGA PENERBITAN SAHAM BARU : NAV USD 4,6 miliar

KAPITALISASI PASAR SAAT INI : Rp 11,1 triliun (Rp 330/lembar)**

NILAI PENERBITAN SAHAM BARU : Rp 26,6 triliun (Rp 926.16/lembar)

THEORETICAL EX RIGHTS VALUE : Rp 38,6 triliun (Rp 590/lembar)

POTENTIAL VALUE AT Rp 926.16/share : Rp 60,6 triliun

*E & OE

(27)

PT Bumi Resources Tbk.

(28)

Dewan Komisaris Perseroan

Komisaris

Jinping Ma

Jianmin Bao

Komisaris

Thomas M. Kearney

_Komisaris

_{Komisaris Independen}

Kanaka Poeradiredja

Presiden Komisaris

Eddie J. Subari

Komisaris

Komisaris Independen

Anton Setianto S.

Nalinkant A. Rathod

(29)

Dewan Direksi Perseroan

29 Presiden Direktur

Saptari Hoedaja

Andrew C. Beckham

Direktur

Direktur Independen &

Corporate Secretary

R.A. Sri Dharmayanti

Dileep Srivastava

Direktur

Wayne Yao

Haiyong Yu

Direktur

(30)

Penghargaan dan Kegiatan Perseroan

BUMI dan Anak Perusahaan

Kegiatan

Penghargaan

*Laporan Keberlanjutan

Tahun ini BUMI membuat Laporan Keberlanjutan 2016 berdasarkan *Workshop

BUMI berencana untuk mengadakan Knowledge Update on Economic

Outlook, Coal Market Condition, Risk, GCG, Audit dan CSR pada

tanggal 13 Desember 2017.

Workshop ini bertujuan untuk memfasilitasi diskusi dalam rangka

memberikan gambaran terkini kepada seluruh karyawan Perseroan dan anak perusahaan mengenai tinjauan ekonomi, kondisi pasar batubara, Risiko, Tata Kelola Perusahaan yang Baik, Audit dan CSR

Indonesia Most Powerful Companies Award (MPCA) 2017 untuk kategori

Perusahaan Tambang oleh Warta Ekonomi Indonesia, Jum’at, 27 Oktober 2017 di Jakarta

Top 5 GCG Issues in Mining Sector Indonesia Corporate Secretary Award 2017 oleh Warta Ekonomi Indonesia,

Selasa, 5 Desember 2017, di Jakarta

*Donor Darah

BUMI telah mengadakan kegiatan Donor Darah pada tanggal 6 September 2017, Jakarta

BUMI melalui anak perusahaanya, PT Kaltim Prima Coal (KPC) diberikan penghargaan sebagai perusahaan penyumbang devisa ekspor terbaik Indonesia tahun 2017 oleh Bank Indonesia. Penghargaan diberikan langsung oleh Gubernur Bank Indonesia Agus D.W. Martowardojo dan diterima oleh Ibu RA Sri Dhamayanti mewakili KPC di Jakarta, Selasa (18/7).

Dua orang operator PT Kaltim Prima Coal (KPC), dinyatakan sebagai operator terbaik tingkat Asia-Pasific, setelah memenangkan kompetisi Top Gun Operator tahun 2017, di Hotel Mercure Legian Bali, Kamis (6-7/9) lalu. Kedua operator tersebut adalah Edi Santoso dan Jusron Tanjung.

KPC sukses memborong 13 penghargaan Indonesian CSR Awards (ICA) 2017 dari kategori Perusahaan Pertambangan dan Energi dalam Malam Penganugrahan ICA 2017 di Balai Kartini, Kuningan,

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Disclaimer: Forward-Looking Statements

This communication contains forward-looking financial projections and estimates with respect to the future operations and performance of PT Bumi Resources Tbk and its affiliates.

Investors and security holders are cautioned that forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the company. Such risks and uncertainties could cause actual results and developments to differ materially from those expressed in or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those estimated by the forward-looking statements include, but are not limited to, fuel prices and international coal demand and supply position.

Neither PT Bumi Resources Tbk. or any other person assumes responsibility for the accuracy and completeness of the forward-looking statement in this communication. The forward-looking statements speak only as of the date of this communication. PT Bumi Resources Tbk is under no duty to update any of the forward-looking statements after this date to conform such statements to actual results or to reflect the occurrence of anticipated results or otherwise.

Terima Kasih

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PT BUMI RESOURCES Tbk.

Annual Public Expose

PT BUMI RESOURCES Tbk.

Annual Public Expose

Jakarta, 12 December 2017

(33)

Agenda

1. Company at a Glance

2. Production and Sales Performances

3. Financial Performance

–

Profit & Loss

–

Balance Sheet

4. Market Highlights and Production Cost

5. Debt Restructuring Process

6. Summary and Plans Going Forward

7. Appendixes

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Glance at the Company



One of the largest coal exporters globally



KPC is the largest export coal mine in the world



Leading natural resources group and the largest thermal coal producer in Indonesia, with KPC and

Arutmin together commanding a dominant share of Indonesia coal production in 2016

(1)



Reached coal production of 81 million metric tonnes in 2015, and 86 million metric tonnes in

2016



2.4 billion metric tonnes of marketable coal reserves and 11.5 billion metric tonnes of coal resources

(excluding reserves)



High potential for reserves expansion; KPC only partially explored



Ideally located to serve important markets throughout Asia and Europe



Open cut mining with captive coal processing facilities



Dedicated infrastructure including coal loading terminals, port facilities, captive power plants and coal

conveyors



Segmented coal and non-coal businesses

- BUMI will concentrate on increasing thermal coal dominance

- BRMS is a listed entity with an exclusive focus on metals industry

(35)

Bumi Ownership Structure

Becoming a Diversified Mining Resources Company

4

Gorontalo Minerals – Gold & Copper Mining

Citra Palu Minerals – Gold Mining

Dairi Prima Minerals– Zinc ,Lead

(in exploitation stage)

80% 80% 96.97% KPC 51% Arutmin

Gallo Oil (Jersey) – Oil Production (in exploration stage)

IndoCoal Resources (Cayman) Ltd 70% 100% 70% Effective 31.43% Effective 84.55%

Darma Henwa – Contract Mining (associated company)

Pendopo Energi Batubara – Coal (in exploration stage)

PT Bumi Resources Minerals Tbk

35.73%

51% IndoCoal KPC Resources

(Cayman) Ltd

(As of September 2017)

(Minerals/Non-Coal)

Coal, Oil & Gas

(36)

Coal Produced / Mined 2001 – beyond

0 20 40 60 80 100 120 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 81 86

(37)

Coal Reserves and Resources – Largest in Indonesia

in million tonnes

KPC:

848

6.848

7.696 Arutmin:

Sub Bituminous Coal

60

828

891 Ecocoal

190

1.549

1.739

250

2.377

2.627 Pendopo:

1.306

2.311

3.617 TOTAL

2.404

11.536

13.940 Coal

Reserve

Total

Coal

Resource

• Reserves are now 2.4 billion metric tonnes

• Reserves & Resources, together are 13.9 billion metric tonnes

(38)

9M’17 : Operational Performance

(on full basis)

 Significantly Improved Production & Sales

 Strip Ratio at Life of Mine Level

 Improved Efficiencies & Optimization

FUNDAMENTALS VERY STRONG

Overburden Removal

(in mn bcm)

Coal Mined

(in mn tons)

Stripping Ratio

(in bcm/t)

Coal Sales

(in mn tons) 578 81 79 63 _7.1x 593 444 444 87 63 62 88 65 6.9x 7.1x 7.2x

(39)

09’17 – 09’16 : Performance at Glance

OPERATIONAL METRICS

OB Removed

444.3 mbcm vs 443.5 mbcm or increased by 0.2%

Coal Mined

62.1 million metric tonnes vs 62.7 million metric tonnes or decreased by 0.9%

Sales Volume

62.6 million metric tonnes vs 64.6 million metric tonnes or decreased by 3.1%

Production Cash Cost

$ 29.9/ton vs $ 25.8/ton or increased by 15.9%

FOB Price

$ 55.9/ton vs $ 40.1/ton or increased by 39.6%

Strip Ratio

7.2 bcm/ton vs 7.1 bcm/ton or increased by 1.1%

(40)

In million US$

Financial Highlights– PSAK 66

09-2017 FY -2016 %

Current Assets 406.1 529.1 -23.2%

Non Current Assets 2,579.0 2,573.1 0.2%

Total Aset 2,985.2 3,102.2 -3.8%

Short Term Liabilities 235.1 764.3 -69.2% Long-Term Liabilities 2,542.6 5,122.7 -50.4%

Total Liabilities 2,777.7 5,887.0 -52.8%

Shareholder Equity 207.5 (2.784.8) 107,4%

Total Liabilities & Equity 2,985.2 3,102.2 -3.8%

09-2017 09-2016 %

Revenue 17.4 18.1 -4%

Cost of Revenue - -

-Gross Profit 17.4 18.1 -4%

Operating Loss (12.8) (2.8) 357%

Net Profit Attributable to:

Owners of The Parent 263.8 73.1 260.9%

Non-controlling Interest (21.3) (13.5) 57.8%

(41)

10

In million US$

10 Financial Highlights – Consolidated

09-2017 FY -2016 %

Current Assets 1,446.0 1,585.1 -8.8% Non Current Assets 3,369.2 3,429.0 -1.7%

Total Aset 4,815.2 5,014.1 -4.0%

Short Term Liabilities 1,869.3 2,543.5 -26.5% Long-Term Liabilities 2,393.0 4,936.7 -51.5%

Total Liabilities 4,262.2 7,480.2 -43.0%

Shareholder Equity 552.9 (2,466.2) -122,4%

Total Liabilities & Equity 4,815.2 5,014.1 -4.0%

09-2017 09-2016 %

Revenue 3,599.2 2,649.6 35.8% Cost of Revenue 2,490.0 2,229.9 11.7% Gross Profit 1,109.2 419.7 164.3% Operating Income 825.3 119.3 591.8%

Profit Attributable to:

Owners of The Parent 263.8 73.1 260.9% Non-controlling Interest 175.2 (3.3) -5409%

(42)

Consolidated

Method After PSAK %

Current Assets 1,446.0 406.1 256,1%

Non Current Assets 3,369.2 2,579.1 30.6%

Total Aset 4,815.2 2,985.2 61.3%

Short Term Liabilities 1,869.3 235.1 695.1% Long-Term Liabilities 2,393.0 2,542.6 -5.9%

Total Liabilities 4,262.2 2,777.7 53.5%

Shareholder Equity 552.9 207.5 166.5%

Total Liabilities & Equity 4,815.2 2,985.2 61.3% Consolidated Method After PSAK % Revenue 3,599.2 17.4 20585.0% Cost of Revenue 2,490.0 - 0% Gross Profit 1,109.2 17.4 6274.7% Operating Income (Loss) 825.3 (12.8) -6547.6%

Profit Attributable to:

Owners of The Parent 263.8 263.8 0% Non-controlling Interest 175.2 (21.3) -922.5%

Total 439.0 242.5 81%

Financial Highlights

pre-adoption and post adoption PSAK 66

In million US$

(43)

Revenue

USD17.4 million vs USD18.1 million or a decrease by 4%

Cost of Revenue

USD0 million vs USD0 million

Gross Profit

USD17.4 million vs USD18.1 million or a decrease by 4%

Gross Profit Margin

(% to revenue)

100% vs 100%

Operating Expenses

USD30.2 million vs USD21.0 million or an increase by 44%

Operating Loss

USD12.8 million vs USD2.8 million or an increase by 357%

Operating Margin

(% to Revenue)

-74% vs -15%

Profit Before Tax

USD282.2 million vs USD46.3 million

Positive swing of USD235.9 million yoy

Net Profit

USD242.5 million vs USD59.6 million

Positive swing of USD182.9 million yoy

09’17 – 09’16 : Performance Highlights

Financial Data

(44)

09’17 – 09’16 : Consolidated

Financial Data

Revenue

USD3,599.2 million vs USD2,649.6 million or an increase by 35.8%

Cost of Revenue

USD2,490.0 million vs USD2,229.9 million or an increase by 11.7%

Gross Profit

USD1,109.2 million vs USD419.7 million or an increase by 164.3%

Gross Profit Margin

(% to revenue)

30.8% vs 15.8%

Operating Expenses

USD283.8 million vs USD300.4 million or an decrease by 5.5%

Operating Income

USD825.3 million vs USD119.3 million or an increase by 591.8%

Operating Margin

(% to Revenue)

22.9% vs 4.5%

Profit Before Tax

USD887.2 million vs USD88.2 million

Positive swing of USD799 million yoy

Net Profit

USD439 million vs USD69.8 million

Positive swing of USD369.2 million yoy

(45)

Average Selling Price

2014

2015

2016

9M'16

9M'17

Q3'17

ASPs (exc . Ecocoal )

$

66,4

$

53,8

$

51,0

$

47,4

$

65,8

$

67,7

Ecocoal

$

29,7

$

24,8

$

22,0

$

22,3

$

29,8

$

33,2

ASPs KPC+AI

$

52,7

$

44,8

$

42,1

$

40,1

$

55,9

$

58,0

(in US$ per ton)

Note: Average Selling Price based on FOB prices, including royalties to the government.

Weighted Average Selling Price

(46)

Coal Sales – by Destination

Combined

2017

(Jan - Sep)

Country

Sales (ton)

Sales (%)

Indonesia

23,245,485

37%

India

17,641,830

29%

Japan

6,867,681

11%

China

5,727,206

9%

Philippines

4,486,093

7%

Malaysia

1,224,417

2%

Thailand

1,168,385

2%

Other

1,978,335

3%

TOTAL

62,607,416

100%

Indonesia 37% India 29% Japan 11% China 9% Philippines 7% Malaysia 2% Thailand 2% Other 3%

(47)

Cash Costs of Coal Production

Composition of Production Cash Costs

(dalam USD per ton) FY13 FY14 FY15 09’16* 09’17*

Bumi 40,5 34,6 30,2 25.8 29.9

KPC 46,0 41,9 33,2 28.8 32.4

Arutmin 31,0 22,5 23,1 19.4 24.2

Note: (1) Calculated by dividing the production cash costs with the companies’ coal mined; excluded FBS

(2) Calculated by subtracting production cash costs from average selling price (does not include royalty & selling expenses)

* Unaudited

Fuel Cost per Ton (US$) 9.7 7.7 5.6 3.7 4.5

Strip Ratio 8.6x 6.9x 7.1x 7.1x 7.2x

Cash Margin(2) _23.4 _18.1 _14.6 14.3 26.0

Production Cash Costs(1)

Mining Contractor 52 % Fuel Costs 15% Maintenance, Equipment 20% Labor costs 6% Other materials 7% 9M 2017

Sangatta Rainfall

Indonesian Industrial Diesel Oil Prices

16

Diesel prices have fallen significantly

in-line with drop in oil prices

(48)

PT Bumi Resources Tbk.

HEALTHY CAPITAL STRUCTURE

(49)

Debt Restructuring Process

CIC debt Restructuring ‐ Master Deed dated 8 October 2013; amended and restated 28 Jan'2014 Debt to Asset settlement ‐ KPC 19% to CIC Rights Issue IV ‐ Debt Reduction Debt Moratorium ‐ Singapore PKPU Registration to the Commercial Court by Creditor

October 2013 July 2014 30 June 2014 24 November 2014 6 April 2016

Commercial Court Decision on Temporary Suspension of Debt Payment Obligations (“PKPU Sementara”) Commercial Court Decision on the Temporary PKPU to (Permanent) PKPU Creditors Meetings and Voting for the Composition Plan Ratification Proceeding by the Panel Judge on the case 36/Pdt.Sus‐ PKPU/2016/PN.Niaga.Jk t.Pst. Homologation to the Composition Plan by the Panel Judge on the case 36/Pdt.Sus‐ PKPU/2016/PN.Niaga.Jk t.Pst.

25 April 2016 9 June 2016 9 November 2016 28 November 2016 28 November 2016

Extraordinary General Meeting for Shareholder approval

for Rights Issue and MCBs

7 February 2017 July 2017 11 December 2017

18

Completion of Rights Issue + MCB (issued to public and lenders) Effective Date: Issuance of New Notes, CVR’s, MCB’s and shares to Senior Secured Lenders

(50)



On November 9th 2016, Bumi’s verified creditors voted on the settlement plan proposed by Bumi

(the “Composition Agreement”). The vote resulted in 100% of unsecured creditors (or kreditor

konkuren) and 99.84% of secured creditors (or kreditor separatis) currently by value then-currently

attending the vote in favor of the Composition Agreement.



Based on the vote, on November 28th 2016, the Commercial Court ratified the Composition

Agreement, after which a homologated Composition Agreement was issued, and the PKPU status

of Bumi was formally deleted from the company’s name.

PKPU Outcome

(51)

Tranche A

Tranche B

Tranche C

USD 600 million USD 600 million USD 406 million

Interest

up to 7.5% p.a. total interest

(cash and accrued) determined

based on the benchmark price.

8% p.a. (PIK Interest).

9% p.a. (PIK Interest).

Cash interest due and payable on

each interest payment date.

Payable if cash is available under

the Cash Waterfall.

due and payable on each interest

payment date.

Accrued interest shall be

capitalized and payable in full on

Maturity to the extent not paid

on each interest payment date.

To the extent not paid, shall be

capitalized and payable in full on

Maturity

Interest to the extent not paid

shall be capitalized and payable

in full on Maturity of the Tranche

C Facility.

Maturity

Payments

Contingent Value Rights

Amount: US$ 50 million

5 years from Effective Date

Per cash availability prioritized under the Cash Waterfall

Trigger for Settlement: In the event that the average Benchmark

Price is higher than US$70/mt for a period of 18 consecutive months

after the Effective Date

N/A

New Facilities

20

(52)

(MANDATORY CONVERTIBLE BONDS - “OWK”)

OBLIGASI WAJIB KONVERSI



Interest (Coupon): 6,0% p.a., paid monthly in cash pursuant to the Cash Waterfall to the extent there are

sufficient funds or deferred and payable on maturity.



Maturity: 7 years from the OWK Effective Date



Conversion Price:

• 1

st

_{– 2}

nd

_{yr: 30% premium to Reference Price}

• 3

rd

_{yr: Whichever lower of: (i) Reference Price; or (ii) 140% of Volume Weighted Average Price (“VWAP”)}

for the last 6 months of Year 2.

• 4

th

_{yr : Whichever lower of: (i) Reference Price; or (ii) 140% of VWAP for the last 6 months of Year 3.}

• 5

th

_{yr: Whichever lower of: (i) Reference Price; or (ii) 125% of VWAP for the last 6 months of Year 4.}

• 6

th

_{yr : Whichever lower of: (i) Reference Price; or (ii) 125% of VWAP for the last 6 months of Year 5.}

• 7

th

_{yr : Whichever lower of: (i) Reference Price; or (ii) 125% of VWAP for the last 6 months of Year 6.}



Maturity: Mandatory conversion at the arithmetic mean of the daily IDR VWAP of BUMI shares for the period

of 6 months ending on the Business Day before the OWK Maturity Date.



Subject to shareholders approval and government regulations



Reference price: Rp926.16 per share



OWK Holders are entitled to convert their OWK:

• 1

st

_{– 3}

rd

_{yr : Maximum 25% of OWK outstanding value.}

• 4

th

_{– 7}

th

_{yr : conversion of OWK may be done up to 100%.}

(53)

Rights Issue

 BUMI has closed the Right Issue

 Based on Net Asset Equity Value of USD4.6 billion, conversion price would

be Rp926.16 per share, using the exchange rate @ Rp13,235

 Fully subscribed by shareholders & standby buyers

(54)

(55)

*The Monitoring Accountant will perform (without limitation) the following services and prepare a report (the "Monitoring Accountant Report") for distribution to the New Senior Secured Creditors on a quarterly basis

Scope of Work of the Monitoring Accountant

(56)

Future Outlook

• Production Capability: 100 million metric tons per Annum

• Major beneficiary of coal price buoyancy, lowered costs

• Debt Reduction - USD 2.6 billion (from USD 4.2 billion

USD 1.6 billion) Achieved

• To speed up the development of Bumi Resources Minerals

• Return to profit starting FY’16

• Restructuring benefit in 9M’17 Financials

- Annual Interest reduction by more than a quarter billion USD

• Expectation 2017

- Production & sales

Flat Volume due to heavy unusual rains

- Coal Price

Higher by 40% compared with FY’16

• 2018 Prospects

- Volume Increase

ca 10% higher than estimated FY’17

(57)

Market Value – Change – Pre & Post Restructuring

For illustration Only

26

PRESENT OUTSTANDING SHARES : 36.6 billion

NEW SHARE ISSUE : 28.8 billion

EXPANDED OUTSTANDING SHARES : 65.4 billion

NEW SHARE ISSUE PRICE : Rp 926.16 /share

BASIS OF NEW SHARE PRICE : NAV USD 4.6 billion

PRESENT MARKET CAPITALIZATION : Rp 11.1 trillion (Rp 330/share)**

NEW SHARE ISSUE VALUE : Rp 26.6 trillion (Rp 926.16/share)

THEORETICAL EX RIGHTS VALUE : Rp 38.6 trillion (Rp 590/share)

POTENTIAL VALUE AT Rp 926.16/share : Rp 60.6 trillion

*E & OE

(58)

PT Bumi Resources Tbk.

APPENDIXES

(59)

Company Members – Board of Commissioners

28 Commissioner

Jinping Ma

Jianmin Bao

Commissioner

Thomas M. Kearney

Commissioner

Independent Commissioner

Kanaka Poeradiredja

Eddie J. Subari

Commissioner

Anton Setianto S.

Nalinkant A. Rathod

Independent Commissioner

Y.A Didik Cahyanto

(60)

Company Members – Board of Directors

President Director

Saptari Hoedaja

Andrew C. Beckham

Director

Independent Director &

Corporate Secretary

R.A. Sri Dharmayanti

Dileep Srivastava

Director

Wayne Yao

Haiyong Yu

Director

Xuefeng Ruan

(61)

Company Achievements & Activities

BUMI and Subsidiaries

Activities

Achievements

• Sustainability Report

This year, BUMI has released the 2016 Sustainability Report based on Global Reporting Initiative G4 core

*Workshop

Plan to conduct Knowledge Update on Economic Outlook, Coal Market Condition, Risk, GCG, Audit and CSR on 13 December 2017.

This is to facilitate a discussion to update the respective employees of PT Bumi Resources Tbk. and its subsidiaries on Economic Outlook, Coal Market Condition, Risk, GCG, Audit and CSR.

*Blood Donation

BUMI has conducted Blood Donation Activity on 6 September 2017, Jakarta

30

Indonesia Most Powerful Companies

Award (MPCA) 2017 untuk kategori

Perusahaan Tambang oleh Warta

Ekonomi Indonesia, Jum’at, 27 Oktober 2017 di Jakarta

Top 5 GCG Issues in Mining Sector Indonesia Corporate Secretary Award 2017 oleh Warta Ekonomi Indonesia,

Selasa, 5 Desember 2017, di Jakarta BUMI through its subsidiary, PT Kaltim Prima Coal (KPC) was conferred a prestigious award as the company who made the best contribution in terms of foreign exchange income from exports in 2017 by Bank Indonesia. The award was accorded in person by the governor of Bank Indonesia Agus D.W. Martowardojo and received by Mrs. RA Sri Dhamayanti representing KPC in Jakarta, Tuesday (18 July).

Two operators of PT Kaltim Prima Coal (KPC) were nominated as the best operators at Asia-Pacific level after winning Top Gun Competition 2017 at Mercure Legian Hotel Bali, Thursday (6-7/September). The names of the two operators are Edi Santoso and Justron Tanjung.

KPC successfully won the most awards, consisting of 13 awards in category of Mining and Energy Company at ICA (Indonesian CSR Awards) 2017 Award Night at Balai Kartini, Kuningan, Jakarta, Thursday 30 November 2017, with Grand Platinum being one of the best awards.

(62)

Disclaimer: Forward-Looking Statements

This communication contains forward-looking financial projections and estimates with respect to the future operations and performance of PT Bumi Resources Tbk and its affiliates.

Investors and security holders are cautioned that forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the company. Such risks and uncertainties could cause actual results and developments to differ materially from those expressed in or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those estimated by the forward-looking statements include, but are not limited to, fuel prices and international coal demand and supply position.

Neither PT Bumi Resources Tbk. or any other person assumes responsibility for the accuracy and completeness of the forward-looking statement in this communication. The forward-looking statements speak only as of the date of this communication. PT Bumi Resources Tbk is under no duty to update any of the forward-looking statements after this date to conform such statements to actual results or to reflect the occurrence of anticipated results or otherwise.