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Page 1
ANALYST MEETING & PUBLIC EXPOSE
                3Q 2025 PERFORMANCE
         PT RMK ENERGY TBK [RMKE]
           Integrated Logistics and Commodity Company


                                                           Expanding
                                                         South Sumatra
                                                               to
                                                        Power Indonesia
                                                          Responsibly
Page 2
OUR AGENDA


      COMPANY                       OPERATIONAL
 01   OVERVIEW
                               04   PERFORMANCE



      BUSINESS & OPERATIONAL        FINANCIAL
 02   HIGHLIGHT
                               05   PERFORMANCE


      STRATEGY AND                  APPENDIX
 03   OUTLOOK                  06



                                                  2
Page 3
CHAPTER 1
COMPANY OVERVIEW
Page 4
COMPANY OVERVIEW

                                           PT RMK Energy Tbk (RMKE or the Company) was established in June 2009. Leveraging
                                           over 15 years of experience, the Company’s management has built a strong reputation as
                                           a reliable coal logistics service provider. To date, the Company is the largest private coal
                                           logistics provider in South Sumatra. By utilizing existing infrastructure, the Company
                                           also engages in coal trading to further enhance its revenue and profit.

                                                         The Company operates in the field of coal logistics services and coal
                                                         trading, which include rail station loading and unloading, transportation to
                                                         ports, loading onto barges, and coal trading activities.




Product & Services                                        Product & Services

 Port Services                                           The Company runs the coal trading business segment, with the following
                                                         operational flow, the Company purchases coal at the mine stockpile and
 Coal loading/loading services onto barges
                                                         transports the coal using a fleet of trucks that have become the company's
 Coal container transportation services                  partners to the train loading station. After arriving at the Company's train
 Coal container unloading services                       unloading station with the Company's unloading facilities and trucks, the coal is
                                                         transported to the port and sold to buyers on barges, heading to the users. Apart
 Coal loading services at Gunung Megang station
                                                         from that, the Company also trades coal from Jambi and other South Sumatra
 Other services and heavy equipment rental               sources.



                                                                                                                                             4
Page 5
COMPANY STRUCTURE OVERVIEW

    Tony Saputra                Suriani              PT RMK Investama           Vincent Saputra           William Saputra               Public

       1.60%                     0.96%                     56.80%                    0.32%                     0.32%                    40.00%




                   RMUK                                RMKN                               TBBE                              RMAK

                   99.99%                              99.99%                            62.00%                             99.99%

                                               RMK Commodities Pte. Ltd.

                                                      100.00%

 RMUK: PT Royaltama Mulia Kencana, RMKN: PT Royaltama Multi Komoditi Nusantara, RMT: PT Royaltama Mulia Tambang, TBBE: PT Truba Bara Banyu Enim,
 RMAK: PT Royaltama Marga Kencana

                                                                                                                                   Per September 2025
                                                                                                                                                        5
Page 6
MILESTONE                                                                                                    TBBE coal mine
                                                                                                             began operating
                                                                                                             and trading
                                                                                                                                      Technology
                                                                                                             Commenced                upgrade in
                                                        The Railway
                                                                                                             Operation of             controlling coal
                                                        Unloading
                                                                                                             Gunung Megang            dust.
                                                        Station CY II
                                                        began                                                Loading Facility
                                                                                                                                      Telescopic chute
          The Company’s                                 operations.                                          with TLS
                                                                                                                                      with fogging            Integrating
          port in                 The Railway
                                                                                                                                      system                  RMKE new
          Kramasan,               Unloading             The annual                   The annual              Commenced
          Palembang                                     loading volume               loading volume          operations of 4th                                dedicated coal
                                  Station and
          began operations        Container Yard        at the port                  at the port             unloading                Big gun sprinklers      hauling road to
          with 2 lines            (CY) I began          reaches 4 million            reaches 5 million       facility (CY3B) at       and water               new customer
                                  operations            tons                         tons                    Simpang station          sprayers                DBU & WSL

              March 2014            March 2014           December 2018               December 2020                 2022               July 2024                2025



  June 2009           November 2014           December 2017              October 2019           November 2021             December 2023             December 2024
The Company          The annual              The annual                 The third port          Effective of the          Port Annual               Port Annual
Established          loading volume          loading volume             line began              Initial Public            loading volume            loading volume
                     at the port             at the port                operations              Offering (IPO)            reach 7,5 millions        reach 9 millions
                     reaches 1 million       reaches 3 million                                                            tons                      tons
                     tons                    tons
                                                                                                                          Simpang Train
                                                                                                                          Unloading
                                                                                                                          Station volume
                                                                                                                          reach 11,1
                                                                                                                          millions tons




                                                                                                                                                                                6
Page 7
Commissioner

BOARD OF DIRECTOR AND BOARD OF COMMISSIONER
 Board of Commissioner                                Board of Director



                             1.   Tony Saputra                                        1.   Vincent Saputra
                                  President                                                President Director
                                  Commissioner
                                                                                      2.   William Saputra
                             2.   Rokhmad Sunanto                                          Director
                                  Independent
                                  Commissioner                                        3.   Indra Mulia Aliwarga
                                                                                           Director
                             3.   F. Saud Tamba Tua
                                  Independent                                         4.   Jennifer Angeline
                                  Commissioners                                            Djamin
                                                                                           Director

                                                                                      5.   Sugiyanto
                                                                                           Director

     2      1            3                               2       1        3   4   5




                                                                                                                7
Page 8
COAL LOGISTICS BUSINESS PROCESS




 Carrying coal       Gunung Megang      Coal logistic by   Simpang             Kramasan Port
 from in-house       Loading Station    train              Unloading Station   with 3 lines barge
 and third parties   with Train                            with 5 Tracks       loading
 mining              Loading System                        Container Yard      conveyors
                     (TLS) and Others                      and Gantry Crane
                     Loading Station
                     in Lahat




                                                                                                    8
Page 9
WHY INVEST in RMKE

          STRATEGIC ASSETS LOCATION
  01      Located in a strategic area and the pioneer in South
                                                                      06   SUSTAINABLE PROFITABILITY
                                                                           Net profit CAGR 46.0%*
          Sumatera


          INTEGRATED COAL LOGISTICS SERVICE
  02      The only private coal logistics providers integrated with
                                                                      07   SOLID BALANCE SHEET
                                                                           DER 0.30 time**
          train in South Sumatra

          EFFICIENT & EFFECTIVE COAL SERVICE SOLUTIONS                     HIGH SAFETY STANDARD
  03      Competitive tariff and bigger volume; unloading time 3      08   ●   Railway is the safest mode of land transportation
          hours with volume 2,800 mt/train
                                                                           ●   Dedicated coal hauling road


          STRONG OPERATIONS
  04      ●    Coal sales volume CAGR 62.39%*
                                                                      09   LONG TRACK RECORD
                                                                           Professional and experienced management team
          ●    Coal service volume CAGR 17.21%*



  05      STRONG REVENUE GROWTH                                       10   GOOD CORPORATE GOVERNANCE
          Operating revenues CAGR 34.5%*                                   The implementation of GCG in all business lines


* CAGR 2019-2024
** Based on 3Q 2025 performance
                                                                                                                                   9
Page 10
CHAPTER 2
BUSINESS & OPERATIONAL
HIGHLIGHTS
Page 11
CHALLENGES IN SUMATRA

 Long hauling mines with expensive tariff    Alternative coal logistics
 Loading and unloading capacity
 constraints
 Social friction due to hauling public                       Railway
 congestion, traffic accidents, and damaged
 roads


                                                             Dedicated
                                                             coal hauling
                                                             road




                                                                            11
Page 12
SUMATRA HAS ABUNDANT COAL RESERVES



The largest coal reserves
in Indonesia

Strategic location that integrated
with logistics railways

Low stripping ratio and low
production volume




                                     12
Page 13
THE COMPETITIVENESS OF RMKE’S LOGISTICS SERVICES

    Mode of              Tariff           Volume/            Strategic       Socio-economic
 transportation                          frequency           location            context




     Railway          Rp806-922/          ̴2,800 ton/            ̴69         The integration of
                        ton/km                train         Nautical Mile    hauling road and
                                                                                  railway


 Competitiveness:   Competitiveness:   Competitiveness:   Competitiveness:   Competitiveness:
      Safest           Low tariff       Bigger volume      The nearest to      More reliable
  transportation                                             anchorage
      mode

                                                                                                  13
Page 14
OVERVIEW OF MINE-TO-PORT LOGISTICS IN SOUTH SUMATRA
RMKE Provides an Integrated Coal Logistic Solutions In South Sumatra




                                                                       14
Page 15
IN-HOUSE MINING IN SUMATRA




                                 South Sumatra
             South Sumatra        ●   Resources 148.3 mn mt
             PT Truba Bara        ●   Proven reserves 75 mn mt
                                  ●   GAR: 3,000 - 4,200
             Banyu Enim (TBBE)    ●   Stripping ratio: 4.0


                                                                 15
Page 16
GUNUNG MEGANG LOADING STATION




              Loading station      The first private     Daily capacity
              with Train Loading   loading station in   5 train set or
              System (TLS)         Muara Enim           14,000 ton


                                                                         16
Page 17
COAL HAULING ROAD




             38 km*                     40 km*         RMK Energy is building a dedicated
             Completed and in           (future        coal hauling road to open access for
             operation since 1Q 2025    development)   coal miners in Lahat and Muara
                                                       Enim.
            *Integrated with Gunung Megang Station

                                                                                        17
Page 18
UNLOADING STATION IN SIMPANG




             5 container   Capacity       Shifting technology to bottom
             yards         18             dump / side dump unloading
                           trainset/day   process


                                                                          18
Page 19
MUSI 2 KERAMASAN PORT




             Integrated with   3-line barge loading conveyor,   50 ha stockpile
             8 km hauling      The capacity are 6 barges/day    with capacity
             road              equivalent 45K ton/day           600K ton


                                                                                  19
Page 20
CHAPTER 3
STRATEGY & OUTLOOK
Page 21
CORPORATE STRATEGY

01   Integrating business groups in the energy sector


02   Establishing a sustainable long-term production profile for the company


03   Developing Integrated AI technology into business operations


04   Maintaining and enhancing quality, corporate governance, occupational health
     and safety, environmental stewardship, and social responsibility

05   Enhancing operational efficiency




                                                                                    21
Page 22
QUICK WINS IN 2025
 NO                      INDICATOR                                                  2025                                 CHECK LIST

                                                       The completion and trial of the newly constructed hauling road
 1    New hauling road facility                                                                                            Done
                                                       in Enim Regency, South Sumatra

                                                       PT Wiraduta Sejahtera Langgeng (WSL)                                Done
      Integrating our dedicated coal hauling road to
 2                                                     PT Duta Bara Utama (DBU)                                            Done
      multiple coal mines
                                                       PT Bukit Asam (PTBA)                                               Ongoing

                                                       The construction of new Container Yard (CY) at loading station.
 3    Loading station capacity enhancement                                                                                Ongoing
                                                       New capacity from 4 mn mt/year to be 8 mn mt/year

                                                       The construction of line 1 capacity expansion.
 4    Port capacity enhancement                                                                                           Ongoing
                                                       New capacity from 20 mn mt/year to be 24 mn mt/year

      Energy transition to electric power sources:     Loading station 100% electric                                       Done
 5
      Developing dedicated electric power plant        Unloading station & port 50% electric                              Ongoing

                                                       Integrating AI technology into business operations                 Ongoing

 6    Technological roadmap                            Implementing 5G dedicated connectivity at our port                 Ongoing
                                                       Feasibility study on EV transition to reduce diesel dependency
                                                                                                                          Ongoing
                                                       and operating cost

 7    Funding diversification                           Obtaining Bond-Based Financing to Strengthen Working Capital        Done
                                                                                                                                      22
Page 23
BOND STRUCTURE

Issuer                PT RMK Energy Tbk

Offering Type (PUB)   Penawaran Umum Berkelanjutan

Instrument Name       Obligasi Berkelanjutan I RMK Energy Tahap I Tahun 2025

Target PUB Issuance   IDR1.5 tn (one trillion and five hundred billion Rupiah)

Phase I               IDR400 bn (four hundred billion Rupiah)

Tenor                 Series A: IDR165 bn, coupon 7.25% p.a. 367 Calendar days
                      Series B: IDR284 bn, coupon 8.75% p.a. 3 Years

Bond Rating           idA (Single A) from Pefindo


Use of Proceed         ●    Loan to Subsidiary for Working Capital
                       ●    Working Capital

Collateral            Clean Basis

Listing Venue         PT Bursa Efek Indonesia


                                                                                 23
Page 24
CHAPTER 4
OPERATIONAL PERFORMANCE
Page 25
COAL SERVICE DIPPED 9.2% BUT RMKE STILL HITS 5.8
MILLION TONS BY JUNE 2025
Service Segment Indicator: Barge Loading Volume
Quarterly Performance (million ton)
    9M 2025 -9.2% YoY to 5.8 mn ton



                                                          6.4
                                                                 5.8




      2.5                                    2.1
                   2.0
                                1.6


       3Q           1Q           2Q           3Q           9M     9M
      2024         2025         2025         2025         2024   2025


     Barge loading volume in million metric ton (mn mt)



                                       25                               25
Page 26
INCREASING VOLUME OF NEW HAULING ROAD FACILITIES
Downstream-Hauling Services
Quarterly Performance (thousand ton)


                                                            724.4
                                                                    Additional downstream hauling
                                                                    volume from new clients
                                                                      ●    PT Wiraduta Sejahtera
                                          456.3                            Langgeng (WSL)
                                                                      ●    PT Duta Bara Utama (DBU) in
                                                                           Muara Enim

                             181.7
                 86.4
      0.0                                            0.0
      3Q           1Q          2Q              3Q     9M     9M
     2024         2025        2025            2025   2024   2025


       Barge loading volume in thousand ton




                                     26                                               26
Page 27
RMKE ACHIEVES TRAIN UNLOADING IN 03:11 HOURS

             Ensuring the train unloading time is completed faster than PT KAI’s
             specified time limit (max 6 hours) to avoid late fines.
             Unloading train hour 9M 2024
             03:41 hours
             Unloading train hour 9M 2025
             03:11 hours




               27                                                                  27
Page 28
COAL SALES 64% YOY DECLINE AMID DEMAND AND PRICE SLUMP
Coal Sales Volume
Coal sales volume
   9M 2025 -45.7% YoY to 1.1 mn ton at IDR559.6 thousand/ton


                     613.3                              612.5
                                  604.0                         559.6
    550.6
                                                525.9

                                                         2.0


                                                                 1.1
      0.8
                                                 0.6
                      0.3          0.2

       3Q              1Q            2Q           3Q      9M     9M
      2024            2025          2025         2025    2024   2025


     Coal sales (thousand ton)

      Coal price (thousand IDR)


                                           28
Page 29
CHAPTER 5
FINANCIAL PERFORMANCE
Page 30
IMPROVING REVENUE TREND IN Q3 2025
Operating Revenue                                          Coal Sales Segment                                Coal Services Segment
        3Q 2025 +5.7% YoY to IDR546.7 bn                        3Q 2025 +19.1% YoY to IDR337.8 bn                3Q 2025 -10.6% YoY to IDR208.9 bn
        9M 2025 -36.1% YoY to IDR1.1 tn                         9M 2025 -50.8% YoY to IDR600.4 bn                9M 2025 -2.6% YoY to IDR522.0 bn



                                  1,755.5


                                            1,122.5                                        1,219.3

 517.4                    546.7                                                                      600.4                                     536.2   522.0
          336.8                                                                    337.8
                  238.9                                     283.8                                              233.6   171.0           208.9
                                                                    165.8   96.7                                               142.1

  3Q       1Q      2Q      3Q       9M        9M              3Q     1Q      2Q     3Q       9M       9M         3Q     1Q      2Q       3Q      9M      9M
 2024     2025    2025    2025     2024      2025            2024   2025    2025   2025     2024     2025       2024   2025    2025     2025    2024    2025



                                                                                                                                                 in billion IDR
          Operating revenue

Operating revenues contribution:
Coal sales segment 53.5%
Coal services segment 46.5%




                                                      30
Page 31
COAL SERVICE SEGEMENT DRIVES GROSS PROFIT GROWTH

Gross Profit                                                 Coal Sales Segment                              Coal Services Segment
         3Q 2025 -22.5% YoY to IDR91.1 bn                      3Q 2025 -87.5% YoY to IDR8.3 bn                  3Q 2025 +62.2% YoY to IDR82.8 bn
         9M 2025 -23.4% YoY to IDR237.6 bn                     9M 2025 -68.7% YoY to IDR44.7 bn                 9M 2025 +15.3% YoY to IDR193 bn


                                                                                                                      41.1%
                                                                                                                                      39.7%           37.0%
                                                                                                                                              31.2%
           25.1%   25.9%                                                                                                      28.1%
22.7%                                       21.2%             23.5%           22.7%                           21.9%
                           16.7%   17.7%
                                                                                             11.7%
                                                                      8.7%                           7.4%
                                    310.1                                             2.5%

                                            237.6
                                                                                                                                              167.4   193.0
 117.7                                                                                       142.7
           84.6     61.8   91.1                                                                                        70.2           82.8
                                                               66.6                                            51.1           39.9
                                                                       14.4    21.9   8.3            44.7

  3Q        1Q      2Q      3Q       9M      9M                 3Q     1Q      2Q      3Q      9M     9M        3Q      1Q      2Q      3Q      9M      9M
 2024      2025    2025    2025     2024    2025               2024   2025    2025    2025    2024   2025      2024    2025    2025    2025    2024    2025




           Gross profit             Gross profit margin (%)                                                                                         in billion IDR

Gross profit contribution:
Coal sales segment 18.8%
Coal services segment 81.2%



                                                    31
Page 32
PROFIT MARGINS GROW AMIDST DECLINING COAL PRICES

EBITDA                                                     EBIT                                                    Net Profit
        3Q 2025 -17.4% YoY to IDR92.7 bn                      3Q 2025 -19.7% YoY to IDR75.2 bn                        3Q 2025 -20.5% YoY to IDR50.6 bn
        9M 2025 -24.2% YoY to IDR2234.1 bn                    9M 2025 -27.9% YoY to IDR180.4 bn                       9M 2025 -22.0% YoY to IDR138.2 bn




21.7%     25.5%    23.3%
                                      17.6%   20.9%           18.1%       19.6%
                              17.0%                                               16.4%                    16.1%              15.3     15.1
                                                                                           13.8%   14.3%              12.3%                    9.3    10.1      12.3
                                      308.8
                                              234.1                                                250.3
                                                                                                           180.4                                      177.2
                                                                                                                                                                138.2
 112.3
           85.8     55.6      92.7                                93.7                     75.2                                51.5
                                                                           66.0                                       63.7                     50.6
                                                                                    39.1                                                36.1

  3Q        1Q       2Q        3Q      9M       9M                 3Q       1Q       2Q     3Q       9M      9M        3Q       1Q       2Q     3Q      9M        9M
 2024      2025     2025      2025    2024     2025               2024     2025     2025   2025     2024    2025      2024     2025     2025   2025    2024      2025



          EBITDA                                                         EBIT                                                 Net income                     in billion IDR
          EBITDA margin (%)                                              EBIT margin (%)                                      Net margin (%)




                                                      32
Page 33
LEVERAGING DEBT RESPONSIBLY
WHILE MAINTAINING FINANCIAL STABILITY
Asset                                    Liability                                  Equity
    +12.4% to IDR 2.7 tn                      +26.3% to IDR811.4 bn                    +7.1% to IDR 1.9 tn


                                                                                       0.26                                0.30
                                                                                                     0.17      0.16
                                2.7
   2.4            2.3    2.3
                                                                                        1.7         1.8        1.8         1.9

                                                                             0.8
                                            0.6                0.5    0.5

    3Q             1Q     2Q     3Q          3Q                 1Q     2Q     3Q         3Q            1Q       2Q           3Q
   2024           2025   2025   2025        2024               2025   2025   2025       2024          2025     2025         2025

          Asset                                    Liability                              Equity                      in trillion IDR
                                                                                          DER (max 1.0 time)

Rp105.6 bn Increase in inventories for   Strategic Bond Issuance: Rp400 bn          Strategically managed its debt levels,
anticipated winter demand                Raised in July 2025                        maintaining a healthy financial position
                                                                                    despite increased liabilities with DER
                                                                                    0.3 time


                                 33
Page 34
SOLID FINANCIAL RATIO DER 0.3X AND DECLINING FINANCIAL DEBT

                                    (currency in billion IDR, unless stated otherwise)

             INDICATOR   4Q 2024   1Q 2025       2Q 2025         3Q 2025      Chg (%)
                                                                                         Short Term Debt
FINANCIAL DEBT SEGMENT
Short Term Debt           396.7     245.0          250.2           227.7       (42.6)
                                                                                         41.7%
Long Term Debt            50.9      52.8           44.1            318.4        525.1
Total Financial Debt      447.6     297.8          294.3           546.1        22.0
                                                                                         Long Term Debt
COVENANT                 4Q 2024   1Q 2025       2Q 2025         3Q 2025                 58.3%
DER (max 1 time)          0.26      0.17           0.16            0.30




                                                                                                           34
Page 35
THANK YOU
 RMKE Investor & Public Relations   rmkenergy.com
 PT RMK Energy Tbk
                                    rmke.official
 Wisma RMK Lantai 2
 Jalan Puri Kencana Blok M4/1
 Jakarta Barat, DKI Jakarta 11610   PT RMK Energy Tbk
 (021) 582 2555

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Names mentioned 20 people and organisations named in the text · linked when the evidence is strong

linked org RMK ENERGY TBK p.1 ×16
linked person Tony Saputra p.5 ×2
linked org PT RMK Investama p.5
linked person Vincent Saputra p.5 ×2
linked person William Saputra p.5 ×2
linked person Rokhmad Sunanto p.7
linked person F. Saud Tamba Tua p.7
linked org PT Bukit Asam p.22
possible org PT Bursa Efek Indonesia p.23
unresolved org RMK Commodities Pte. Ltd. p.5
unresolved org PT Royaltama Mulia Kencana p.5
unresolved org PT Royaltama Multi Komoditi Nusantara p.5
unresolved org PT Royaltama Mulia Tambang p.5
unresolved org PT Truba Bara Banyu Enim p.5
unresolved org PT Royaltama Marga Kencana Per p.5
unresolved org PT Truba Bara p.15
unresolved org PT Wiraduta Sejahtera Langgeng p.22
unresolved org PT Duta Bara Utama p.22 ×2
unresolved org PT Wiraduta Sejahtera p.26
unresolved org PT KAI’s p.27

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