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

Transkripsi

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

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 7. Lampiran 2

3 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 (1) 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 3

4 Struktur Kepemilikan Bumi Menjadi Perusahaan Sumberdaya Tambang Terdiversifikasi (per September 2017) PT BUMI RESOURCES TBK. (Batubara, Minyak & Gas) 51% 70% 70% KPC Arutmin IndoCoal Resources (Cayman) Ltd 51% IndoCoal KPC Resources (Cayman) Ltd 35.73% 80% 96.97% 80% (Mineral/Non-Batubara) PT Bumi Resources Minerals Tbk Gorontalo Minerals Gold & Copper Mining (in exploration stage) Citra Palu Minerals Gold Mining (in exploration stage) Dairi Prima Minerals Zinc,Lead (in exploitation stage) 100% Gallo Oil (Jersey) Oil Production (in exploration stage) Effective 31.43% Darma Henwa Contract Mining (associated company) Effective 84.55% Pendopo Energi Batubara Coal (in exploration stage) 4

5 Batubara yang Diproduksi/Ditambang selanjutnya

6 Cadangan dan Sumber Daya Batubara Terbesar di Indonesia Cadangan terkini sebesar 2,4 miliar metrik ton Cadangan & Sumberdaya, seluruhnya sebesar 13,9 miliar metrik ton Dalam Juta Ton KPC: Cadangan Batubara Sumber Daya Batubara Total 848 6,848 7,696 Arutmin: Batubara Sub Bitumen Ecocoal 190 1,549 1, ,377 2,627 Pendopo: 1,306 2,311 3,617 TOTAL 2,404 11,536 13,940 6

7 9M 17 : Kinerja Operasional (on full basis) FUNDAMENTAL MASIH SANGAT KUAT Pengupasan Tanah Penutup (in mn bcm) Volume Batubara Ditambang (in mn tons) M'16 9M'17 KPC Arutmin M'16 9M'17 KPC Arutmin Penjualan Batubara (in mn tons) Rasio Pengupasan (in bcm/t) x 7.1x 6.9x 7.2x M'16 9M'17 KPC Arutmin M'16 9M'17 Produksi dan Penjualan yang Membaik Secara Signifikan Rasio Pengupasan (Strip Ratio) pada Tingkat Usia Tambang Efisiensi dan Optimisasi yang Membaik 7

8 : 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% Rasio Pengupasan 7,2 bcm/ton vs 7,1 bcm/ton meningkat 1,1% 8

9 Ikhtisar Keuangan PSAK 66 Dalam Juta US$ % FY % 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% Aset Lancar 406,1 529,1-23,2% Aset Tidak Lancar 2.579, ,1 0,2% Total Aset 2.985, ,2-3,8% Liabilitas Jangka Pendek 235,1 764,3-69,2% Liabilitas Jangka Panjang 2.542, ,7-50,4% Total Liabilitas 2.777, ,0-52,8% Ekuitas Pemegang saham 207,5 ( ) 107,4% Total Liabilitas & Ekuitas 2.985, ,2-3,8% Total 242,5 59,6 306,9% 9

10 Ikhtisar Keuangan Consolidated Dalam Juta US$ % FY % Pendapatan 3.599, ,6 35,8% Aset Lancar 1.446, ,1-8,8% Beban Pokok Pendapatan 2.490, ,9 11,7% Aset Tidak Lancar 3.369, ,0-1,7% Laba Bruto 1.109,2 419,7 164,3% Laba Usaha 825,3 119,3 591,8% LABA NETO YANG DAPAT DIATRIBUSIKAN KEPADA Pemilik entitas induk 263,8 73,1 260,9% Kepentingan non pengendali 175,2 (3,3) -5409% Total 439,0 69,8 529,8% Total Aset 4.815, ,1-4,0% Liabilitas Jangka Pendek 1.869, ,5-26,5% Liabilitas Jangka Panjang 2.393, ,7-51,5% Total Liabilitas 4.262, ,2-43,0% Ekuitas Pemegang saham 552,9 (2.466,2) -122,4% Total Liabilitas & Ekuitas 4.815, ,1-4,0% 10

11 Ikhtisar Keuangan pre-adoption and post adoption PSAK 66 Dalam Juta US$ Metode Konsolidasi Setelah PSAK % Metode Konsolidasi Setelah PSAK % Pendapatan 3.599,2 17, ,0% Beban Pokok Pendapatan 2.490,0-0% Laba Bruto 1.109,2 17, ,7% Laba (Rugi) Usaha 825,3 (12,8) -6547,6% LABA NETO YANG DAPAT DIATRIBUSIKAN KEPADA Pemilik entitas induk 263,8 263,8 0% Kepentingan non pengendali 175,2 (21,3) -922,5% Aset Lancar 1.446,0 406,1 256,1% Aset Tidak Lancar 3.369, ,1 30,6% Total Aset 4.815, ,2 61,3% Liabilitas Jangka Pendek 1.869,3 235,1 695,1% Liabilitas Jangka Panjang 2.393, ,6-5,9% Total Liabilitas 4.262, ,7 53,5% Ekuitas Pemegang saham 552,9 207,5 166,5% Total Liabilitas & Ekuitas 4.815, ,2 61,3% Total 439,0 242,5 81% 11

12 : 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 Laba Bersih USD282,2 juta vs USD46,3 juta Positif sebesar USD235,9 juta secara yoy USD242,5 juta vs USD59,6 juta Positif sebesar USD182,9 juta secara yoy 12

13 : 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 Laba Bersih USD887,2 juta vs USD88,2 juta Positif sebesar USD799 juta secara yoy USD439 juta vs USD69,8 juta Positif sebesar USD369,2 juta secara yoy 13

14 Harga Jual Rata-rata Harga Jual Rata-rata Tertimbang (in US$ per ton) M'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 Catatan: Harga Rata-rata Penjualan berdasarkan harga FOB, termasuk royalti kepada pemerintah 14

15 Penjualan Batubara berdasarkan Tujuan Combined 2017 (Jan - Sep) Negara Penjualan (ton) Penjualan (%) Indonesia % India % Jepang % Tiongkok % Filipina % Malaysia % Thailand % Lain-lain % TOTAL % 15

16 Biaya Produksi Batubara Biaya Kas Produksi (1) (dalam USD per ton) FY13 FY14 FY * 09 17* Bumi 40,5 34,6 30, KPC 46,0 41,9 33, Arutmin 31,0 22,5 23, Biaya Bahan Bakar per Ton (USD) Rasio Pengupasan 8.6x 6.9x 7.1x 7.1x 7.2x Margin Kas 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 Komposisi Biaya Kas Produksi 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 16

17 PT Bumi Resources Tbk. STRUKTUR PERMODALAN YANG SEHAT

18 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 Juni November 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 Juni November November November 2016 Rapat Umum Pemegang Saham Luar Biasa untuk Persetujuan atas Penerbitan Saham Baru (Right Issue) dan Obligasi Wajib Konversi (MCBs) 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 Separatis Senior 7 Februari 2017 July Desember

19 Hasil PKPU 28 November 2016 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. 19

20 Fasilitas Baru Tranche A Tranche B Tranche C USD 600juta USD 600juta USD 406juta Bunga 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 8% p.a. (PIK Interest). Wajib dibayar apabila kas tersedia berdasarkan Cash Waterfall. 9% p.a. (PIK Interest). dan dibayarkan secara penuh pada Sepanjang tidak dibayarkan harus saat Jatuh Tempo sepanjang tidak dikapitalisasi dan dibayarkan dibayarkan pada masing-masing tanggal pembayaran bunga. secara penuh pada saat Jatuh Tempo Jatuh tempo dan wajib dibayar pada setiap tanggal pembayaran bunga. Bunga sepanjang tidak dibayarkan harus dikapitalisasi dan dibayarkan secara penuh pada saat Fasilitas Tranche C Jatuh Tempo Jatuh Tempo Pembayaran Contingent Value Rights (CVR) Jumlah:US$50juta 5 tahun sejak Tanggal Efektif Sesuai ketersediaan kas mengikuti urutan prioritas Cash Waterfall Jumlah: USD50juta Pemicu Penyelesaian : dalam hal Harga Acuan Rata-Rata lebih tinggi dari USD70/mt dalam jangka waktu 18 bulan berturut-turut setelah Tanggal Efektif. N/A 20

21 Obligasi Wajib Konversi ( OWK ) 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 Tahun 4 7 : 100% dari nilai terutang OWK 21

22 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 Seluruhnya diambil bagian oleh pemegang saham & pembeli siaga 22

23 Tata Kelola Perusahaan yang Semakin Baik 23

24 Lingkup Kerja Akuntan Pengawas *Akuntan pengawas akan melakukan (tanpa batasan) kegiatan-kegiatan berikut dan menyiapkan laporan ( Laporan Akuntan Pengawas ) untuk disampaikan kepada Kreditor New Senior Secured setiap triwulan. 24

25 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 Pengurangan pembayaran bunga tahunan sebesar lebih dari ¼ miliar USD Pedoman Produksi & Penjualan Volume tetap lantaran curah hujan tinggi yang tidak biasanya - Harga Batubara Naik 40% dibandingkan Tahun 16 Prospek Kenaikan Volume Naik sekitar 10% dari estimasi Tahun 17 - Harga Batubara Diharapkan meningkat dari level

26 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 /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 /lembar) THEORETICAL EX RIGHTS VALUE : Rp 38,6 triliun (Rp 590/lembar) POTENTIAL VALUE AT Rp /share : Rp 60,6 triliun *E & OE ** Per harga penutupan tanggal 4 Agustus

27 PT Bumi Resources Tbk. LAMPIRAN

28 Dewan Komisaris Perseroan Eddie J. Subari Presiden Komisaris Nalinkant A. Rathod Komisaris Anton Setianto S. Komisaris Independen Y.A Didik Cahyanto Komisaris Independen Jinping Ma Komisaris Jianmin Bao Thomas M. Kearney Kanaka Poeradiredja Komisaris Komisaris Komisaris Independen 28

29 Dewan Direksi Perseroan Saptari Hoedaja Presiden Direktur Andrew C. Beckham Direktur R.A. Sri Dharmayanti Direktur Dileep Srivastava Direktur Independen & Corporate Secretary Wayne Yao Direktur Haiyong Yu Direktur Xuefeng Ruan Direktur 29

30 Penghargaan dan Kegiatan Perseroan BUMI dan Anak Perusahaan Penghargaan 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 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). *Donor Darah *Workshop Kegiatan BUMI telah mengadakan kegiatan Donor Darah pada tanggal 6 September 2017, Jakarta BUMI berencana untuk mengadakan Knowledge Update on Economic Outlook, Coal Market Condition, Risk, GCG, Audit dan CSR pada tanggal 13 Desember 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 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, Jakarta, Kamis 30 November Salah satu penghargaan terbaik adalah Gran Platinum. *Laporan Keberlanjutan Tahun ini BUMI membuat Laporan Keberlanjutan 2016 berdasarkan Global Reporting Initiative G4 core 30

31 Terima Kasih 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. 31

32 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 2

34 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 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 3

35 Bumi Ownership Structure Becoming a Diversified Mining Resources Company (As of September 2017) PT BUMI RESOURCES TBK. Coal, Oil & Gas (Minerals/Non-Coal) 51% 70% 70% KPC Arutmin IndoCoal Resources (Cayman) Ltd 35.73% PT Bumi Resources Minerals Tbk 80% 96.97% 80% Gorontalo Minerals Gold & Copper Mining (in exploration stage) Citra Palu Minerals Gold Mining (in exploration stage) Dairi Prima Minerals Zinc,Lead (in exploitation stage) 51% IndoCoal KPC Resources (Cayman) Ltd 100% Gallo Oil (Jersey) Oil Production (in exploration stage) Effective 31.43% Darma Henwa Contract Mining (associated company) Effective 84.55% Pendopo Energi Batubara Coal (in exploration stage) 4

36 Coal Produced / Mined 2001 beyond

37 Coal Reserves and Resources Largest in Indonesia Reserves are now 2.4 billion metric tonnes Reserves & Resources, together are 13.9 billion metric tonnes in million tonnes KPC: Coal Reserve Coal Resource Total Arutmin: Sub Bituminous Coal Ecocoal Pendopo: TOTAL

38 9M 17 : Operational Performance (on full basis) FUNDAMENTALS VERY STRONG Overburden Removal (in mn bcm) Coal Mined (in mn tons) Coal Sales (in mn tons) (in bcm/t) x Stripping Ratio 7.1x 7.2x 6.9x Significantly Improved Production & Sales Strip Ratio at Life of Mine Level Improved Efficiencies & Optimization 7

39 : Performance at Glance OPERATIONAL METRICS OB Removed mbcm vs 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% 8

40 Financial Highlights PSAK 66 In million US$ % FY % Revenue % Cost of Revenue Gross Profit % Operating Loss (12.8) (2.8) 357% Current Assets % Non Current Assets 2, , % Total Aset 2, , % Short Term Liabilities % Long-Term Liabilities 2, , % Net Profit Attributable to: Owners of The Parent % Non-controlling Interest (21.3) (13.5) 57.8% Total Liabilities 2, , % Shareholder Equity ( ) 107,4% Total Liabilities & Equity 2, , % Total % 9

41 Financial Highlights Consolidated In million US$ % FY % Revenue 3, , % Cost of Revenue 2, , % Gross Profit 1, % Operating Income % Profit Attributable to: Owners of The Parent % Non-controlling Interest (3.3) -5409% Total % Current Assets 1, , % Non Current Assets 3, , % Total Aset 4, , % Short Term Liabilities 1, , % Long-Term Liabilities 2, , % Total Liabilities 4, , % Shareholder Equity (2,466.2) - 122,4% Total Liabilities & Equity 4, , % 10

42 Financial Highlights pre-adoption and post adoption PSAK 66 In million US$ Consolidated Method After PSAK % Consolidated Method After PSAK % Revenue 3, % Cost of Revenue 2, % Gross Profit 1, % Operating Income (Loss) (12.8) % Profit Attributable to: Owners of The Parent % Non-controlling Interest (21.3) % Total % Current Assets 1, ,1% Non Current Assets 3, , % Total Aset 4, , % Short Term Liabilities 1, % Long-Term Liabilities 2, , % Total Liabilities 4, , % Shareholder Equity % Total Liabilities & Equity 4, , % 11

43 : Performance Highlights Financial Data 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) Profit Before Tax Net Profit -74% vs -15% USD282.2 million vs USD46.3 million Positive swing of USD235.9 million yoy USD242.5 million vs USD59.6 million Positive swing of USD182.9 million yoy 12

44 : 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) Profit Before Tax Net Profit 22.9% vs 4.5% USD887.2 million vs USD88.2 million Positive swing of USD799 million yoy USD439 million vs USD69.8 million Positive swing of USD369.2 million yoy 13

45 Average Selling Price Weighted Average Selling Price (in US$ per ton) M'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 Note: Average Selling Price based on FOB prices, including royalties to the government. 14

46 Coal Sales by Destination Combined 2017 (Jan - Sep) Country Sales (ton) Sales (%) Indonesia 23,245,485 37% Philippines 7% Malaysia 2% Thailand 2% Other 3% India 17,641,830 29% Japan 6,867,681 11% China 5,727,206 9% Philippines 4,486,093 7% China 9% Japan 11% Indonesia 37% Malaysia 1,224,417 2% Thailand 1,168,385 2% India 29% Other 1,978,335 3% TOTAL 62,607, % 15

47 Cash Costs of Coal Production Production Cash Costs(1) (dalam USD per ton) FY13 FY14 FY * 09 17* Bumi 40,5 34,6 30, KPC 46,0 41,9 33, Arutmin 31,0 22,5 23, Fuel Cost per Ton (US$) Strip Ratio 8.6x 6.9x 7.1x 7.1x 7.2x Cash Margin (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 Composition of Production Cash Costs Mining Contractor 52 % 9M 2017 Fuel Costs 15% Maintenance, Equipment 20% Labor costs 6% Other materials 7% Sangatta Rainfall Indonesian Industrial Diesel Oil Prices Diesel prices have fallen significantly inline with drop in oil prices 16

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 June November 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 June November November November 2016 Extraordinary General Meeting for Shareholder approval for Rights Issue and MCBs 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 7 February 2017 July December

50 PKPU Outcome 28 November 2016 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. 19

51 New Facilities Tranche A Tranche B Tranche C Interest USD 600 million USD 600 million USD 406 million 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. Accrued interest shall be capitalized and payable in full on Maturity to the extent not paid on each interest payment date. Payable if cash is available under the Cash Waterfall. To the extent not paid, shall be capitalized and payable in full on Maturity due and payable on each interest payment date. Interest to the extent not paid shall be capitalized and payable in full on Maturity of the Tranche C Facility. Maturity 5 years from Effective Date Payments Per cash availability prioritized under the Cash Waterfall Contingent Value Rights Amount: US$ 50 million Amount: US$ 50 million N/A 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 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: Rp 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%. 21

53 Rights Issue BUMI has closed the Right Issue Based on Net Asset Equity Value of USD4.6 billion, conversion price would be Rp per share, using the exchange Rp13,235 Fully subscribed by shareholders & standby buyers 22

54 Improved Corporate Governance - Strengthened Management 23

55 Scope of Work of the Monitoring Accountant *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 24

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 Production & sales Flat Volume due to heavy unusual rains - Coal Price Higher by 40% compared with FY Prospects - Volume Increase ca 10% higher than estimated FY 17 - Coal Price Expected higher than level 25

57 Market Value Change Pre & Post Restructuring For illustration Only PRESENT OUTSTANDING SHARES : 36.6 billion NEW SHARE ISSUE : 28.8 billion EXPANDED OUTSTANDING SHARES : 65.4 billion NEW SHARE ISSUE PRICE : Rp /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 /share) THEORETICAL EX RIGHTS VALUE : Rp 38.6 trillion (Rp 590/share) POTENTIAL VALUE AT Rp /share : Rp 60.6 trillion *E & OE ** Per closing price of 4 August

58 PT Bumi Resources Tbk. APPENDIXES

59 Company Members Board of Commissioners Eddie J. Subari President Commissioner Nalinkant A. Rathod Commissioner Anton Setianto S. Independent Commissioner Y.A Didik Cahyanto Independent Commissioner Jinping Ma Commissioner Jianmin Bao Thomas M. Kearney Kanaka Poeradiredja Commissioner Commissioner Independent Commissioner 28

60 Company Members Board of Directors Saptari Hoedaja President Director Andrew C. Beckham Director R.A. Sri Dharmayanti Director Dileep Srivastava Independent Director & Corporate Secretary Wayne Yao Director Haiyong Yu Director Xuefeng Ruan Director 29

61 Company Achievements & Activities BUMI and Subsidiaries Achievements 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. *Blood Donation Sustainability Report Activities BUMI has conducted Blood Donation Activity on 6 September 2017, Jakarta *Workshop Plan to conduct Knowledge Update on Economic Outlook, Coal Market Condition, Risk, GCG, Audit and CSR on 13 December 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. This year, BUMI has released the 2016 Sustainability Report based on Global Reporting Initiative G4 core 30

62 Thank You 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. 31