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Page 1 OCR 0.917
3UMN xx, (hp antam £

PRESS RELEASE
PT ANTAM Tbk

For immediate release

ANTAM Presents Latest Corporate Performance
atthe Public Expose Live 2023

Jakarta, November 30, 2023 - PT Aneka Tambang Tbk (ANTAM: IDX: ANTM: ASX: ATM) member of
PT Mineral Industri Indonesia (Persero) (MIND ID) - the State-Owned Enterprise Holding of the
Mining Industry, participated in the Public Expose Live 2023 held by the Indonesia Stock Exchange
(IDX). Public Expose Live 2023 was attended by President Director Nico Kanter, Director of Finance
and Risk Management Elisabeth RT Siahaan and Director of Business Development I Dewa Wirantaya
and attended by participants from securities institutions, analysts, investors, and the general public.

ANTAM's participation in Public Expose Live 2023 is part of the Company's commitment to maintain
the guality of disclosure information for shareholders regarding the operating and financial
performance, as well as ANTAM's development strategy as the main factor in making investments.
During Public Expose Live 2023, Management was presenting the financial and operational
performance during the first nine month of 2023 (January - September 2023, 9M23).

In 9M23, ANTAM recorded positive financial performance growth. The achievement was reflected
from profit the period in 9M23 of Rp2.85 trillion, an increase of 896 from the profit of the period in
the first nine month period of 2022 (January - September 2022, 9M22) of Rp2.63 trillion. ANTAM's
recorded the Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) in 9M23
reached Rp5.40 trillion, a consistent achievement compared to 9M22 EBITDA.

In 9M23, ANTAM recorded net cash provided from operating activities amounted to Rp3.98 trillion,
increased by 9396 compared to 9M22 of Rp2.06 trillion. The strengthened of ANTAM's financial
structure are also reflected from cash and cash eguivalents at the end period of 9M23 reached
Rp7.54 trillion, increased by 6396 from the 9M22 position of Rp4.62 trillion.

Throughout the 9M23 period, ANTAM recorded a net sales value of Rp30.90 trillion, with the
dominant contribution coming from domestic net sales, which reached Rp26.69 trillon or
eguivalent to 8696 of ANTAM's total net sales for the 9M23 period. This performance aligns with the
Company's strategy to develop its domestic customer base for gold, nickel ore, and bauxite
products.

Gold products became the largest contributor to total sales in 9M23, with a proportion of 6296 of
ANTAM's total sales of Rp19.29 trillion. During 9M23, ANTAM's gold production volume from the
Company's gold mines posted at 908 kg (29,193 troy oz.). Meanwhile, ANTAM gold sales volume
9M23 reached 19,460 kg (625,654 troy oz.).

For further information please contact

Syarif Faisal Alkadrie

Corporate Secretary

Tel: (6221) 789 1234

Fax: (6221) 789 1224

E-mail: corsec@antam.com

www.antam.com erantamtbk IEJ cOffcialantam WP GOffcialantam (OP Official ANTAM Officialantam
Page 2 OCR 0.918
UM: (antam?

PRESS RELEASE
PT ANTAM Tbk

For immediate release

The sales contribution from the Nickel Segment (ferronickel and nickel ore products) in 9M23, with
a proportion of 339o of ANTAM's total sales of Rp10.10 trillion, increased by 1996 from the 9M22
amounted Rp8.48 trillion. In 9M23 ANTAM's ferronickel production volume reached 15,787 ton of
nickel in ferronickel (TNI), with the ferronickel sales volume reaching 14,132 TNi.

On nickel ore product, ANTAM consolidated nickel ore production volume in 9M23 reached to 10.67
million wet metric ton (wmt), increase 7296 compared to the 9M22 production of 6.22 million wmt.
The growth in nickel ore production inline with increasing of domestic market demand. The
consolidated nickel ore sales volume grows positively during 9M23 which amounted to 9,41 million
wmt, grows 9896 compared to 9M22 sales volume of 4.75 million wmt.

The sales contribution from the Bauxite and Alumina Segment in 9M23, with a proportion of 496 of
ANTAM's total sales of Rp1.25 trillion. During 9M23, ANTAM recorded bauxite ore production
volume, which was used as ore feed for Chemical Grade Alumina (“CGA") plant and as well as being
sold to the third party customer, amounted to 1.42 million wmt, grow 696 compared to 9M22 of 1.34
million wmt. Bauxite sales volume in 9M23 was recorded at 989 thousand wmt, an increase of 696
compared to the achievement in 9M22 of 936 thousand wmt. Meanmwhile, the sales volume of
alumina products in 9M23 reached 114,524 tons of alumina, with the sales volume of alumina
products in 9M23 reaching 108,351 tons of alumina.

Regarding business development projects, ANTAM focuses on completing the Company's strategic
projects in 2023 by starting the initial stage of operation of the Haltim Ferronickel Plantwith capacity
of 13,500 TNi per annum. Meanwhile, as ANTAM supports the Government target to achieve net
zero emission in 2060, ANTAM continuously implements green energy in the Company's
operational areas. In line with that, ANTAM is developing an integrated Electric Vehicle (EV) Battery
Ecosystem in Indonesia with strategic partners.

In terms of developing the bauxite downstream process, the Company is currently focusing on the
construction of the Smelter Grade Alumina Refinery (“SGAR”) plant in Mempawah, West Kalimantan,
which was jointly developed with PT Indonesia Asahan Aluminium with a processing capacity of
one million tons of SGAR per annum.

The positive performance of ANTAM's shares was also reflected in the average daily trading volume
of ANTAM's shares in 9M23 reached 56.31 million shares and the average daily transaction value in
9M23 recorded Rp115.52 billion. At the end of September 2023, ANTAM market capitalization
amounted Rp43.62 trillion. ANTAM's shares are also listed in several indexes on the IDX, such asLO45
Index, IDX30 Index, IDX80 Index, Kompas100 Index, MNC36 Index, IDXBUMN20 Index, Investor33
Index, Jakarta Islamic Index, Jakarta Islamic Index 70 Index, Indonesia Sharia Stock Index, IDX MES-
BUMN 17 Index, Bisnis-27 Index, SRI-KEHATI Index, ESG Sector Leaders IDX KEHATI Index, ESG Ouality
45 IDX KEHATI Index, LO45 Low Carbon Leaders Index, IDX High Dividend 20 Index, IDX Small-Mid

For further information please contact

Syarif Faisal Alkadrie

Corporate Secretary

Tel: (6221) 789 1234

Fax: (6221) 789 1224

E-mail: corsec@antam.com

www.antam.com erantamtbk IEJ cOffcialantam WP GOffcialantam (OP Official ANTAM Officialantam
Page 3 OCR 0.844
3UMN xx, (9 antam £

PRESS RELEASE
PT ANTAM Tbk

For immediate release

Cap (SMC) Composite Index and IDX SMC Liguid Index which are the group of stocks with the
highest liguidity in IDX. Meanwhile, ANTAM's stock remained part of MSCI Global Standard Index of
Indonesia. MSCI is an index published by Morgan Stanley Capital International.

##

For further information please contact

Syarif Faisal Alkadrie

Corporate Secretary

Tel: (6221) 789 1234

Fax: (6221) 789 1224

E-mail: corsec@antam.com

www.antam.com erantamtbk IEJ cOffcialantam WP GOffcialantam (OI OffcialANTAM (G) officialantam

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