20231120_BIPI_Public Expose_31530893_lamp1.pdf

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finalizing discussions with potential partners who will later
work together to build port infrastructure, hauling and so on.
And our target is to start operating again in the fourth guarter
of 2024.

Then for the Sebuku mine, it has actually been produced
(approximately 2 million tons per year). In 2021, the Sebuku
mine was suspended by the previous owner due to forestry
licensing matters that had to be taken care of. We plan to
reopen the mine and in parallel we take care of the permits.
The target for 2025 we are able to produce again. Thus the
development or expansion that will be carried out in the
future.

2. The realization of Capex 2023 per third guarter, mostly at the
Jembayan mine for the land acguisitions. So far as of
September the total Capex is USD 9.6 million from the target
of USD 11.15 million, and mostly for land acguisition and other
small Capex.

3. The Company's strategy to overcome the weakening
commodity prices is first, one of the positive factors for us is
from the production where actually guite a lot that was sold
through long-term contracts and the prices we get are guite
high, mostly the links are to New Castle and JPU, and because
the price is good it helps boost the average sale price.
Secondly, we have also done various efficiencies that we have
sat down with contractors who cooperate with us for
excavation at the Jembayan mine. We have done several ways
to streamline operational costs, reduce hauling distance which
hasa lower stripping ratio (SR) location. And we've saved
about USD15 million by the end of the year in order to lower
our costs. And we also have a plan, we hope that coal prices
will increase towards the end of the year or early next year,
and we will hedge coal prices, of course not all but maybe
specifically areas with arather high SR, which are very sensitive
to coal prices, basically to lock in our profits from mining areas
with higher SR.

Ouestion:

Mrs. Annisa — Media Bisnis Indonesia

1. What is the revenue and net profit target from BIPI until the
end of 2023? Then what is BIPI's performance plan for 2024?

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2. How many million tons of BIPI's coal production until the
third guarter of 2023? Did BIPI adjust BIPI's coal production
and sales target of 6 million tons?

3. Does BIPI have plans to make acguisitions in the near future?

Answer:

Mr. Michael Wong

1. In terms of revenue until the end of this year, it is more or less
in line with the prorated period of September, so plus 2596. As
for next year in terms of revenue there will be an increase, it
all depends on coal prices, and our target is an increase of 10x
compared to this year. In terms of profit, by next year we will
be able to fully consolidate NML, so our profit is estimated to
increase by 40-50 compared to this year.

2. As previously stated, total coal production until the third
guarter of 2023 is 4.4 million tons. There is no adjustment to
the production target, and our target is indeed 6 million tons
for the Jembayan mine.

3. The Company is always open to potential projects. And even if
we have aplan, it can be.

Ouestion:

Father William — Petromindo Media

1. Regarding the mini LNG plant development plan, from which
oil and gas block will the company get input gas? Where is the
planned location for the mini LNG plant development? How
much investment is prepared by the company?

2. Isthere a revised FY-2023 production target of 6 million tons
for the Jembayan mine?

3. Forthe Sebuku mine, when is it expected to start production?
What is the estimated production capacity of the block?

Answer:

Mr. Ray Anthony Gerungan

1. Regarding the mini LNG development plan, we actually have an
agreement with a company that has run gas inputs. Maybe
before the end of this year there will be a mini LNG press
release after all contracts have been signed and we will then
be happy to provide further explanation regarding this.

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2. There is no production revision this year, which is 6 million tons
of coal from Jembayan and next year we have plans to increase
production from both the Jembayan mine and the Penajam
mine.

3. As for Sebuku, as mentioned by Mr. Michael, it will only start
production in 2025. In Sebuku there are actually 2 sites, which
have 2 million per year that are on land and some are in water
that will take several years to build construction there.

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PUBLIC EXPOSE VIRTUAL ATTENDANCE LIST 2023
PT ASTRINDO NUSANTARA INFRASTRUKTUR TBK
JAKARTA, 15" NOVEMBER 2023

No Name Status Institution/Media

7 Sandy Investor Individual Investor

2 |Yonatan Pratama Wijaya Investor Individu

3 Fedy romamti Investor Individu

4 |Theodore Schaeffer Investor Individu

5 bryan alex Shareholder Individual

6 Bernardus Christianto Analyst Indies Capital Partners

7 Hendy Irawan Investor -

8 (Tri Subhki Media Ipetromindo.com

9 |Alessandro Leander |Analyst Independent

10 Yennyta 'Shareholder Independent

1 Krisnanto Tedjaprawira Shareholder IPT Buana Lintas Lautan Tbk
12 |Antang darmawan 'Shareholder (Perorangan

13 (Ciella 'Shareholder Independent

14 William Jhanesta Analyst (Petromindo

15 (Tri Subhki Media petromindo.com

16 |Annisa Kurniasari Saumi Media Bisnis Indonesia

17 Widya Laras Investor BULL

18 Bryan alex 'Shareholder (Personal

19 'Jakfar Shodik Media (Emitennews

20 Satya Budi Darmawan Media IPOTNews (indopremier.com)
2 |Ahmad Sahid Media lOPlus

22 teddy kurnia Analyst (PT Danatama Makmur Sekuritas
23 |Adhi Wicaksono Investor Independent

24 |Arifin Nammia Investor Independent

25 |Achmad Widjaja Manajemen President Commissioner

26 |Catherine Riani Analyst (PT Danatama Makmur Sekuritas
27 Dada Setiawan Investor Independent

28 Herry Prijatama Investor Independent

29 Rodion Wikanto Invitee Audit Committee

30 Yoga Investor Independent

31 Jerry Hotama Invitee PT Sumber Energi Andalan Tbk