BUMI Resources. Presentasi Paparan Publik Tahunan. Jakarta, 20 Nopember

BUMI Resources Presentasi Paparan Publik Tahunan

Jakarta, 20 Nopember 2013

www.bumiresources.com

Agenda 1. Sekilas tentang Perusahaan 2. Kinerja Produksi dan Penjualan 3. Kinerja Keuangan

- Laba & Rugi Perusahaan - Neraca Keuangan - Sejarah Dividen 4. Isu Terkini Perusahaan 5. Apendiks

2

Sekilas Perusahaan 

Salah satu pengekspor batubara terbesar di dunia

 

Perusahaan berbasis sumber daya alam dan penghasil batubara termal terbesar di Indonesia (KPC dan Arutmin) dengan penguasaan pasar batubara sebesar 18% dari seluruh produksi batubara Indonesia pada tahun 2011

 

memproduksi batubara sebanyak 74 juta metrik ton pada tahun 2012, dengan proyeksi produksi di tahun 2013 sebanyak 80 juta ton

Memiliki 3,3 miliar metrik ton cadangan batubara yang siap dipasarkan dan 13,9 miliar metrik ton sumberdaya batubara (di luar cadangan)(1)

    

KPC merupakan tambang batubara bertujuan ekspor terbesar di dunia

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

Memililki lokasi yang ideal untuk pasar batubara utama di Asia dan Eropa Memiliki pertambangan terbuka dengan fasilitas pengolahan batubara yang terpadu Memiliki terminal bongkar muat batubara dilengkapi dengan fasilitas pelabuhan yang lengkap Membagi bisnis menjadi batubara dan non batubara



Menciptakan nilai dengan pemisahan bisnis batubara dengan bisnis metal - BUMI akan memfokuskan diri pada dominasi batubara termal - BRM menjadi perusahaan terbuka yang fokus pada industri metal

(1) Laporan The Minerals Expert yang disusun oleh PT Runge Indonesia

3

Struktur Kepemilikan BUMI Menuju Perusahaan Tambang Terdiversifikasi PT BUMI RESOURCES TBK.

(Mineral/Non-Batubara

Batubara, Minyak & Gas 87.09%

65%

KPC

70%

Arutmin

70%

IndoCoal Resources

100%

PT Bumi Resources Minerals Tbk 80%

(in exploration stage)

96.97%

Effective ~50%

Fajar Bumi Sakti (FBS) – Coal

60%

Bumi Mauritania – Iron Ore

100%

89,6%

(in production stage)

Pendopo Energi Batubara – Coal (in exploration stage)

(in exploitation stage)


100% Effective ~84.55%


Dairi Prima Minerals– Zinc ,Lead

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

Darma Henwa – Contract Mining (associated company)

Citra Palu Minerals – Gold Mining

80%

Effective ~18% Effective ~31.43%

Gorontalo Minerals – Gold & Copper Mining

94,1%

Newmont Nusa Tenggara – Gold (associated company) Bumi Japan – Marketing Services PT Tamagot Bumi SA – Iron Ore (exploitation stage) PT Sarkea Prima Minerals – Mining (exploration stage) Konblo Bumi Inc - Diamond, precious metal (exploration stage)

4

Produksi Batubara

Total Produksi Batubara (juta ton)

66 KPC/Arutmin 110m tons + potensi kenaikan (upsides) Pendopo

110 (E)

74

5

Cadangan dan Sumber Daya Batubara – Terbesar di Indonesia • Cadangan saat ini sebesar 3,3 miliar ton, meningkat 27% dari 2,6 miliar ton pada tahun 2009 • Cadangan dan Sumberdaya keduanya meningkat menjadi 17,3 miliar ton.

Dalam Juta Ton KPC: Sangatta Melawan

Cadangan Batubara

Sumberdaya Batubara

Total

474 624 226

3,651 3,946 1,564

4,125 4,570 1,791

1,325

9,161

10,486

35 60 22

407 262 -

442 322 22

117 292

669 1,224

786 1,516

410

1,893

2,303

PEB

303 1,306

593 2,311

896 3,617

TOTAL

3,343

13,958

17,301

Bengalon

Arutmin: Senakin Satui Batulicin Sub Bituminious Coal Ecocoal

FBS

Catatan : angka-angka tercantum di atas saat ini sedang dalam tahap penilaian kembali dan rencananya akan dikeluarkan pada akhir tahun

6

Volume Produksi & Penjualan Batubara •

Dalam beberapa tahun terakhir produksi batubara perusahaan terus meningkat, yang didukung oleh kinerja armada penambangan perusahaan dan kontraktor yang handal

•

Perusahaan memiliki jaringan dan rekanan pemasaran yang luas dengan reputasi internasional. Disamping itu, KPC dan Arutmin memproduksi batubara dengan berbagai kualitas berdasarkan klasifikasi kandungan kalori, sehingga memberikan fleksibilitas dalam memenuhi permintaan dan kebutuhan pelanggan yang bervariasi Pengupasan Tanah Penutup

Volume Batubara Ditambang

Juta bcm

Juta ton

751

2011

775

2012

KPC

532

9M 2012

9M 2013

bcm/t

74

66 560

Rasio Pengupasan

11.5x

61 51

2011

2012

Arutmin

KPC

9M 2012

9M 2013

2011

Arutmin

Penjualan Batubara

Persediaan Batubara*

Juta ton

Juta ton

63

68

7.6

59 48

10.4x

2012

10.9x

9M 2012

8.8x

9M 2013

7.3 6.2

3.8

2011

2012

KPC

9M 2012

Arutmin

9M 2013 2011

2012

9M 2012

9M 2013

*Note: In-pit, ROM, Plant & Port Stocks

7

Volume Produksi & Penjualan Batubara (Lanjutan) Q1 2013

Q2 2013

Q3 2013

9M 12

9M 13

Var (%)

Pengupasan Tanah Penutup

mbcm

187,5

179,1

165,6

559,8

532,2

-4,9%

Rasio Pengupasan

bcm/t mined

9,6

9,0

7,8

10,9

8,8

20,0%

Volume Batubara Ditambang

mt

19,6

20,0

21,2

51,2

60,8

18,8%

Penjualan Batubara

mt

19,1

20,5

19,0

47,7

58,6

22,9%

Harga FOB*

$/t

72,4

65,5

62,4

85,5

66,8

-21,9%

Persediaan Batubara

mt

6,5

5,7

7,3

6,2

7,3

18,3%

*) Berdasarkan Rekonsiliasi

Harga Jual Batubara 

Ekspektasi peningkatan kebutuhan batubara akan terus berlanjut seiring dengan pertumbuhan ekonomi, terutama di negara Cina dan India



Indonesia merupakan salah satu negara eksportir batubara terbesar di dunia didukung oleh kualitas dan cadangan yang signifikan untuk memenuhi kebutuhan batubara internasional Destinasi Penjualan

Harga Rata-rata Tertimbang Penjualan Batubara (dalam US$ per ton)

ASPs (exc. Ecocoal) Ecocoal ASPs KPC+AI

2009

2010

2011

2012

per Desember 2012 (dalam %)

9M'12

9M'13

$

65.1

$

76.3

$

99.8

$

90.1

$

94.1

$

77.1

$

38.1

$

41.5

$

61.4

$

52.7

$

55.8

$

37.5

$

61.7

$

70.9

$

92.3

$

81.5

$

85.5

$

66.8

Catatan: Harga rata-rata penjualan berdasarkan harga FOB sebelum adanya pembayaran royalti kepada pemerintah

Hong Kong, 3 Taiwan, 4 Asia Tenggara, 11

Korea, 2

Eropa, 1

Pakistan, 0.1

China , 27 Indonesia, 16 India, 20 Jepang, 17

9

Biaya Produksi Batubara Biaya kas produksi Perseroan menurun sebesar 11,4% karena efisiensi yang lebih tinggi, harga bahan bakar yang lebih rendah sebesar 24%, dan penurunan rasio pengupasan sebesar 19,2% dari tahun ke tahun Biaya-biaya Kas Produksi(1)

Komposisi Biaya-biaya Kas Produksi

FY10

FY11

FY12

9M’12*/**

9M’13

Bumi

33.9

42.1

43.7

47.3

41.9

KPC

34.0

45.5

46.5

49.2

43.7

Arutmin

33.9

36.3

39.1

45.3

38.3

(dalam USD per ton)

Biaya Bahan Bakar per Ton (USD)

8.6

11.4

11.6

12.3

9.3

Rasio Pengupasan

10.5x

11.5x

10.4x

10.9x

8.8x

36.9

50.6

37.8

38.2

24.9

Margin

Kas(2)

Note: (1) Dihitung dengan cara membagi biaya kas produksi dengan produksi batu bara yang ditambang; tidak termasuk FBS

Kontraktor Tambang 51%

Biaya Bahan Bakar

Kontraktor Tambang 54%

Biaya Bahan Bakar

26%

23%

Pemeliharaan, Penyewaan Alat Berat 12%

Pemeliharaan, Penyewaan Alat Berat 12%

Biaya Tenaga Kerja 5% Bahan-bahan Lainnya 6%

Biaya Tenaga Kerja 5% Bahan-bahan Lainnya 6%

(2) Dihitung dengan cara mengurangi biaya kas produksi dari harga rata-rata penjualan * termasuk dalam biaya pengupasan tanah yang ditangguhkan (Perubahan dalam Kebijakan Akuntansi 2011 )

9M 2012

9M 2013

** termasuk penyesuaian di pengalihan alur sungai & pengadaan rehabilitasi

Curah Hujan

Harga Diesel untuk Keperluan Industri di Indonesia Harga Diesel menurun secara signifikan bersamaan dengan turunnya harga minyak bumi

Curah Hujan Rata-Rata Jangka Panjang

10

Ekspansi Perseroan Menuju Pada Produksi 110 mtpa – 2015 2011

KPC

2012

2013

2014

2015

Bengalon Infrastructure +15mtpa Duplicate OLC + Stacker reclaimer +32 mtpa Melawan Crusher + OLC +25 mtpa

Additional Mobile Equipment Sangatta Additional Power 3 x 18 mw Power Stations

Arutmin

Asam Asam crusher + OLC + 4 mtpa West Mulia Crusher + OLC + 9 mtpa

11

PT Bumi Resources Tbk.

Kinerja Keuangan

12

Laporan Rugi Laba Dalam US$ juta

9M -2012

9M -2013

2,768.5

2,651.4

-4%

(2,018.2)

(2,093.8)

-4%

Laba Bruto

750.3

557.6

-26%

Laba Operasional

312.4

215.8

-31%

Laba (Rugi) Bersih

(632.5)

(377.5)

40%

Pendapatan

Beban Pokok Pendapatan

%

13

Neraca Keuangan Dalam Juta US$ FY 2012 Audited

9M 2013

Cash and cash equivalents Restricted cash in banks Available-for-sale financial assets Notes Receivable Derivative assets Trade Receivable Other receivables Third parties

45.2 100.1 246.8 111.0 111.7 298.1

56.7 98.2 17.6 306.6

26% -2% -100% -100% -84% 3%

39.3

313.4

Related parties Due from related parties Inventories Value-Added Tax recoverable Assets as held for sales Other current assets

2.4 0.0 274.7 829.6 164.9 39.5

1.5 244.3 711.6 161.0 34.5

698% -36% -100% -11% -14% -2% -13%

2,263.2

1,945.4

-14%

91.0 163.7 1,230.8 1,752.7 431.1 66.8 308.3 369.2

84.5 206.9 1,206.0 1,709.8 426.1 82.9 308.3 426.8

-7% 26% -2% -2% -1% 24% 0% 16%

677.5

630.7

-7%

NON-CURRENT ASSETS

Other non-current assets Related parties

%

CURRENT LIA BILITIES

CURRENT ASSETS

Due from related parties Deferred tax assets - net Investment in associates Fixed assets Exploration and evaluation assets Claim for tax refund Goodwill - net Long-term receivables

9M 2013

LIABILITIES AND EQUITY

ASSETS

Total Current Assets

FY 2012 Audited

%

Total Non-Current Assets

5,091.1

5,082.1

0%

TOTAL ASSETS

7,354.3

7,027.5

-4%

Short-term loans Trade payables Third parties Related parties Other payables Third parties Due to Government of Indonesia Accrued expenses Tax payable Current maturities of long-term loans Obligation under finance leases Estimated liability for restoration and rehabilitation Liabilities as held for sales Convertible bonds Accrued redemption premium Total Current Liabilities

98.7

100.0

1%

198.6 120.3

139.3 89.4

-30% -26%

68.5 948.1 261.9 143.9 470.2 64.8 9.7 87.4 367.0 87.3

239.8 825.8 355.5 168.7 651.8 54.5 8.0 87.5 370.6 79.0

250% -13% 36% 17% 39% -16% -17% 0% 1% -10%

2,926.4

3,169.9

8%

NON-CURRENT LIA BILITIES Due to related parties Deferred tax liabilities - net Employee benefits obligation Long-term loans - net of current maturities Obligation under finance leases Estimated liability for restoration and rehabilitation Accrued redemption premium

98.9 125.4 35.0 3,145.0 131.4 197.4 302.7

56.1 78.8 34.7 2,926.5 145.3 235.0 399.4

-43% -37% -1% -7% 11% 19% 32%

Total Non-Current Liabilities

4,035.8

3,875.8

-4%

TOTA L LIABITIES

6,962.2

7,045.6

1%

EQUITY Capital stock Additional paid-in capital - net Treasury stock Other capital reserves Difference in the change in equity transaction of a subsidiaries/associate Retained earnings Appropriated Unappropriated Equity attributable to the owners of the parent Non-controlling interest Equity - Net TOTA L LIABILITIES A ND EQUITY

1,476.8 (878.8) (34.2) 47.9

1,476.8 (878.8) (34.2) 51.1

0% 0% 0% 7%

(27.8)

(27.8)

0%

417.6 (850.7)

417.6 (1,228.2)

0% 44%

150.9

(223.4)

-248%

241.2

205.2

392.1

(18.2)

7,354.3

7,027.5

-15% -105% -4%

14

Sejarah Dividen – Stabil Sejak 2005

2007 Final 2008 Final

Dividend per Keterangan Saham (Rp) 1,0 2,5 5,0 10,0 19.404.000 16,0 Dibayarkan pada tanggal 25 Juni 2007 Pertama dibayarkan 50% pada tanggal 2 66.0 * Juli 2007, sisa 50% dibayarkan pada 5 September 2007 45,0 Dibayarkan pada tanggal 7 Agustus 2008 50,60 Dibayarkan pada tanggal 18 Agustus 2009

2009 Final

27,68 Dibayarkan pada tanggal 16 Agustus 2010

Tahun

Total Saham

2000 2001 2002 2003 2005 Interim 2005 Final 2006 Final 2007 Interim

2010 Final 2011 Final

20.773.400

41,78 Dibayarkan pada tanggal 15 Agustus 2011 14,31 Dibayarkan pada tanggal 6 Juli 2012

30 % maksimal dari pendapatan bersih atas persetujuan pemegang saham *Mewakili 30% Dividen atas pendapatan luar biasa sebesar USD 472 juta dari transaksi Tata pada bukan Juni 2007 15


Bumi Resources Minerals (“BRM”)

16

Portofolio Aset Kelas Dunia Dairi Prima Mineral

Bumi Mauritania

Stake: 80%. Type: Zinc, lead Reserve (100%): 11 mio ton ore (Anjing Hitam & Lae Jahe). Resource (100%): 25 mio ton ore (Anjing Hitam, Lae Jahe, Base Camp). Grade: 11.5% Zn, 6.8% Pb. Production: 2H 2016.

Stake: 60%. Type: Iron ore. Exploration stage in West Tamagot, South Tamagot, Syafriat Zedned, Bababe and Makhana.

Tamagot Bumi Stake: 53.76%. Type: Iron ore. Mineral Inventory (100%): 100 mio ton. Grade: 60% Fe.

Gorontalo Minerals Stake: 80% (1) Type: Copper & Gold. Resource (100%) : 292 mio ton Grade: 0.47 g/ton Au, 0.5% Cu. Production: 2H 2016.

AFRICA

Citra Palu Minerals Stake: 96.97% Type: Gold, Moly. Mineral Inventory (100%): 2.5 mio ton (gold), 106 mio ton (moly). Grade: 7.5 g/ton Au, 0.14% Moly. Production: 2H 2016.

INDONESIA Konblo Bumi (Liberia) Stake: 5% Type: Diamonds, precious metals. Exploration stage with 7 exploration leases obtained.

Source: BRM. (1) (2)

Subject to progressive divestment 49.0% beginning from the end of the fifth year after commencement of production at the Gorontalo Project. As of 31 December 2012.

Newmont Nusa Tenggara Stake: 18% Type: Copper & Gold. Reserve (100%): 7.2 bio lbs copper & 7.3 mio oz gold (2) Grade: 0.6% Cu, 0.5 g/t Au (Phase 6) 9M 2013 Prod: 115 Mio lbs copper & 36 thd oz gold.

17

Gorontalo Minerals Sumberdaya yang Besar dari Proyek Tembaga dan Emas Overview

Site / Domains Sungai Mak ‐ Supergene Cu‐Au

 Has COW rights to a 36,070 hectare mining concession located in the Bone Bolango Regency (Province of Gorontalo)

Sungai Mak ‐ Hypogene Cu‐Au

Sungai Mak ‐ Oxide Au

 Based on explorations to date, the following have been identified in the concession: − − −

Four copper and gold systems Three gold, silver and copper systems Four gold and silver systems

Cabang Kiri TOTAL RESOURCES

Class Measured Indicated Inferred Measured Indicated Inferred Measured Indicated Inferred Inferred

Million Tonnes 46.8 16.9 20.6 32.6 16.8 22.8 6.3 2.2 3 124 292

Cu (%) 0.92 0.71 0.76 0.3 0.33 0.32

0.43 0.50

Au (g/t) 0.48 0.32 0.35 0.17 0.15 0.17 0.57 0.45 0.43 0.67 0.47

Location

 Obtained Exploration Borrow & Use Permit in December 2010  Working on advanced exploration and feasibility studies at Sungai Mak and Cabang Kiri Projects  JORC Resource estimate of 292 Mt (0.5% Cu and 0.47g/t Au) from 2 sites only (Sungai Mak and Cabang Kiri)  There are prospects from other sites (Kayu Bulan, Tulabolo, etc) that have not been explored yet.

•

The JORC Resource estimate was completed by SRK Consulting (Australasia) Pty Ltd, Australia on 27 Jul and 8 Aug 2012

•

Mt = Million tonnes

Source: BRM.

18

Citra Palu Minerals Aset dengan Prospek Emas dan Molybdenum Overview  Has rights to a 138,889 hectare mining concession in Central Sulawesi and South Sulawesi, Indonesia through a COW  Contract area consists of six separate blocks, of which the Poboya site is the most promising

Mineral Inventory

Tonnage (Ore) 100% Equity

Contained Metal Mineral

Grade

(’000 tonnes)

100%

Equity

2,500

2,400

Gold

7.5 g/tonne

0.7 mm oz

0.6 mm oz

106,000

103,000

Molybdenum

0.14%

8 mm lbs

7 mm lbs

Citra Palu Project

Location

 Initial mineral inventory of: − Blok 1: 2.5 million tonnes with 7.5 g/t gold − Blok IV: 106 molybdenum

million

tonnes

at

0.14%

 Obtained Exploration Borrow & Use Permit in September 2011  Working on Exploration activities at Poboya Gold Prospects  JORC Resource to be completed soon

Source: BRM.

19


Beberapa Isu Terkini

20

Jadwal Jatuh Tempo Pembayaran Pinjaman *Tidak termasuk Entitas Anak – per 30 September 2013

#

100.5

100.9

98.6

95.9

q1

q2

q3

q4

#

94.8

95.0

85.0

62.8

q1

q2

q3

q4

#

60.7

59.5

57.9

34.8

q1

q2

q3

q4

#

33.1

31.2

30.8

25.6

q3

q4

#

17.2

US$ 750 juta

TOTAL OF LOAN PAYMENT

JUMLAH PEMBAYARAN PINJAMAN

US$ 700 juta US$ 650 juta US$ 600 juta US$ 550 juta US$ 500 juta US$ 450 juta US$ 400 juta US$ 350 juta US$ 300 juta US$ 250 juta US$ 200 juta US$ 150 juta US$ 100 juta US$ 50 juta

2013 US$ 254,5 juta

2014

2015

q1

q2 2016

q3 2017

US$ 1.230,5 juta

US$ 1.062,5 juta

US$ 530 juta

US$ 700 juta

21

Penjelasan Penurunan Peringkat Hutang -

Moody’s menurunkan peringkat BUMI ke ‘Ca’ dari ‘Caa1’ pada tanggal 10 Okt ’13 S&P menurunkan peringkat BUMI ke ‘CC’ dari ‘CCC’ pada tanggal 15 Oct ’13 Penurunan peringkat tersebut karena asumsi likuiditas Perseroan yang lemah dan risiko refinancing dalam jangka pendek -

Kami percaya bahwa perjanjian kami dengan CIC sebagai langkah proaktif yang signifikan untuk menurunkan utang dan beban bunga, sehingga meningkatkan likuiditas kami

-

Kami mengerti kekhawatiran mereka mengenai jatuh tempo utang-utang kami. Tetapi, kami masih optimis bahwa produksi, penjualan dan pendapatan kami tetap kokoh.

-

Rumitnya transaksi tersebut tidak memungkinkan kami untuk menjelaskan secara rinci. Kami percaya bahwa analisis mereka terlalu dini dan subyektif, sehingga dapat menyesatkan investor kami, terutama para pemegang obligasi.

22

Awal Transaksi Bumi - CIC Ringkasan Transaksi:  Besar utang

: USD 1,9 miliar

 Ketentuan pembayaran

: tingkat bunga tetap 12% p.a. dan 19% IRR Payable on Principle Repayment Date

 Tranches: 

Pembayaran 2013 : USD 600 juta



Pembayaran 2014: USD 600 juta



Pembayaran 2015: USD 700 juta

 Penggunaan dana: 

Pembayaran utang dan akuisisi terkini

USD 1.687 juta



Biaya dan pengeluaran

USD



Modal kerja

USD 203 juta

10 juta

 2 tahun periode lock-up bagi para pihak  Gadai atas saham-saham perusahaan batubara

23

Transaksi Bumi – CIC: Pembayaran Tranche I • Pada bulan November 2011, BUMI telah melakukan refinancing Tranche I sebesar US$ 600 juta kepada CIC • Tranche ini sebenarnya baru akan jatuh tempo pada 30 September 2013, namun demikian Perseroan telah melakukan refinancing 2 tahun lebih awal berdasarkan kesepakatan para pihak • Secara efektif, refinancing ini telah mengurangi beban bunga Perseroan sebesar kurang lebih $72 juta per tahun • Biaya refinancing sebesar Libor + 6,7% pa vs. 12% coupon + IRR

24

Transaksi Bumi - CIC: perincian perjanjian terbaru 19% KPC (nilai : $ 5.000 juta) 42% BRMS (@ 268/saham) Rights issue BUMI Penerimaan CIC

: $ 950 juta : $ 257 juta : $ 150 juta : $ 1.357 juta

Yang seharusnya diterima oleh CIC Utang Pokok MW Premium Deferred interest (Aug - Nov ‘13)

: $ 1.300 juta : $ 425 juta (e) :$ 62 juta (e)

Total

: $ 1.787 juta (e)

Perbedaan – Sisa Utang

:$

430 juta (e)*

*Pinjaman untuk 3 tahun @ LIBOR +6.7% pa Tidak ada utang pokok dan bunga dapat dibayarkan pada tahun pertama (e) : estimasi 25

Proyeksi Profil Pelunasan Utang BUMI Setelah Perjanjian Baru dengan CIC Bumi Debt at end of Sept '13

Debt Repayment CIC Transaction Oct-Dec '13 Proceed

Bumi Debt at end of Dec '13

1,787.1

-

(1,357.4)

429.7

Notes US$ 300m

300.0

-

-

300.0

Notes US$700m

700.0

-

-

700.0

78.0

(18.0)

-

60.0

CDB Loan

600.0

-

-

600.0

Axis Bank Loan

155.0

(5.0)

-

150.0

75.0

(12.5)

-

62.5

150.0

(25.0)

-

125.0

TOTAL LOAN

3,845.1

(60.5)

(1,357.4)

2,427.2

CB US$375m

375.0

-

-

375.0

4,220.1

(60.5)

(1,357.4)

2,802.2

CFL Loan

DB Loan

UBS Facility CS Facility US$150m

TOTAL LOAN & CB

Notes: Existing debt is using original interest rate and repayment schedule CIC Residual Debt with term 3 years Libor + 6.7% interest p.a. 1st year interest capitalized, paid at maturity Excludes Subsidiary Debt

26

Keterbukaan Informasi Korespondensi dengan Regulator terkait Isu Terkini & Informasi Perusahaan 27 Februari 2013

Siaran Pers Kepemilikan Saham di BRMS Tidak Berubah

1 Maret 2013

Siaran Pers Komitmen Hijau Bumi Raih Penghargaan Dalam Ajang GLOBAL GREEN FUTURE AWARDS 2013 di Mumbai, India

6 Maret 2013

Keterbukaan Informasi Pengunduran Diri Beberapa Anggota Dewan Komisaris dan Direksi PT Bumi Resources Tbk (”the Company”)

6 Juni 2013

Siaran Pers Bumi Menanggapi Pernyataan Leighton

28 September 2013

Siaran Pers Bumi Meraih Dua Penghargaan Dalam Ajang ASEAN ENERGY AWARDS 2013 di Bali

9 Oktober 2013

Keterbukaan Informasi Perseroan telah menandatangani suatu perjanjian dengan China Investment Corporation (“CIC”), untuk menyelesaikan utangnya yang belum terbayar dalam jumlah pokok sebesar US$ 1,3 milyar

9 Oktober 2013

Siaran Pers BUMI Telah Menandatangi Perjanjian Untuk Menyelesaikan Sisa Utangnya Dengan CIC

11 & 16 Oktober 2013

Penjelasan Perseroan Penjelasan Perseroan sehubungan dengan transaksi CIC

27


Apendiks

28

Meninjau Kembali Kekuatan Fundamental BUMI 1

Diversified Coal Mining Operations and Products: Competitive portfolio of high demand products from multiple mine sites

2

Low Cost Coal Producer: Provides ability to weather coal cycles

3

High Quality Customer Base with Contracts In-Place: Provides pricing and volume stability

4

International Contractors and Marketing Agents: Facilitates efficient production and competitive marketing

5

Stable and Established Concession Structure: Significant incentives for continued government support

6

Substantial Reserves and Resources: Strong potential for upside and production growth

7

Strong Revenue Growth and Stable Profitability: Expanding cash flow profile

8

Experienced Management Team: Proven track record of expanding production platform and profitability

9

Natural Hedge with Dollar Denominated Revenues and Expenses: Provides natural hedge against currency fluctuations

10

Strategic Partnership with Tata Power: Provides synergy and counterbalance to management

29

Prestasi dan Penghargaan Terkini * Termasuk penghargaan CSR Perseroan

1.

Peringkat ke-9, untuk katogori “Best Corporate Governance” se-Indonesia dalam ajang the Asia’s Best Companies Award 2013 yang diadakan oleh FinanceAsia Magazine, Jakarta, 4 Juli 2013. Penilaian berdasarkan Best Managed Companies Annual Survey

2.

Meraih dua penghargaan pada Global Green Future Awards 2013, untuk katergori “Best Green Energy Efficiency Initiative” dan “Best Sustainable Investment at World CSR Days” di Mumbai, India, 18 Februari 2013

3.

Meraih penghargaan “Trusted Company”, berdasarkan penilaian Corporate Governance Perception Index (CGPI) pada Corporate Governance Award 2012, Jakarta, 19 Desember 2012

4.

Peringkat ke-11 untuk Coal & Consumable Fuels di Asia, peringkat ke-15 untuk Coal & Consumable Fuels secara global, peringkat ke-68 untuk Overall Performance di Asia dan peringkat ke-234 untuk overall global performance oleh Platts Top 250 Global Energy Company, Singapore, 23 Oktober 2012

5.

Menerima dua penghargaan pada Asia's Best CSR Practices Awards untuk kategori “Best CSR Practice Overall” dan “Developing Sustainable Strategies” di Park Royal Hotel, Singapore, 20 Juli 2012

30

Tahapan Reklamasi Kaltim Prima Coal & Arutmin Indonesia

½ – 1 YEAR

RECONTOURING PLANTATION

TOP SOILING

5 YEARS

3 YEARS

2 YEARS

31

Catatan Keselamatan Hingga bulan Oktober 2013

45

Prima Nirbhaya/NOSA Implementation

3.50 LTIFR Threshold 2013 : 0,20

35

2.86

3.00 35

35

FPE & New Golden Rules Implementation

LTI

32

31

2.59

30

2.50

LTIFR

2.43

2.31

25

25 23

2.00 22

22 20

19

20

18

15

1.50

17

1.51

15

14

1.36

14

12

1.00

1.11

10

0.93 0.80

0.50 0.26

0.20

0.22

YTD 31 Oct'13

0.34

2012

0.23

2010

0.32

2008

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

0

2011

0.56

0.50

2009

0.76 5

2007

No. of LTI

PT Kaltim Prima Coal

36

14

1.00

0.97

10

0.80

8 No. of LTI

PT Arutmin Indonesia

0.00

1.20

12

0.60

0.61

6 0.41

4

0.48

0.40 0.24

2

0.27 0.18

0.12

0.23 0.10

0.04

0 No. of LTI LTI-FR

LTIFR (per 1,000,000 Manhours)

39

0.03

0.20 0.11 0.00 YTD 2013 3 0.11

0.09

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

8 0.97

4 0.41

5 0.48

3 0.24

3 0.18

13 0.61

3 0.12

6 0.27

1 0.04

7 0.23

3 0.10

1 0.03

4 0.09

LTI-FR (per 1,000,000 Manhours)

40

32

Pengelolaan Lingkungan PT Kaltim Prima Coal


• Rehabilitasi tambang

• Mendapatkan akreditasi SMK3 & OHSAS 18001:2007- NPLCT dari Sucofindo

• Pengawasan air asam tambang • Kendali zat padat tersuspensi • Pengelolaan limbah dan hydrocarbon • Audit mandiri pengawasan lingkungan

• Pengolahan air • Pengolahan debu • Pengelolaan bahan berbahaya

• Mendapatkan akreditasi ISO14001 dari SGS

• Mendapatkan akreditasi ISO14001 – NPLCT dari Sucofindo

• Penghargaan dalam Pengelolaan Lingkungan (20062008) oleh Dirjen Mineral, Batubara dan Panas Bumi Departemen ESDM, Indonesia

• Penghargaan Keselamatan 2011 dari Kementerian Energi dan Sumber Daya Mineral

• Penghargaan dalam Pengelolaan Lingkungan Periode 2011 – 2012 (Green Proper) dari Kementerian Lingkungan

• Mendapatkan Green Proper 2010 – 2011 dari Kementerian Energi dan Sumber Daya Mineral dan Kementerian Lingkungan

33

Penghargaan CSR Tanggal

Penghargaan

28 September 2012

Gelar Karya Pemberdayaan Masyarakat ("GKPM") Award 2012 PLATINUM - Orange Agribusiness Development Program in Rantau Pulung District - Prevention of Malnourished and Severe-Malnourished Children Under 5 years with Community Empowerment Based Through Nutritional Education and Rehabilitation Program (Pergizi)

3 Desember 2012

Indonesian Sustainability Reporting Award ("ISRA") 2012 The Best Winner of Sustainability Report for Category A (Natural Resources)

25 September 2013

ASEAN Energy Awards - Best Practice in Surface Coal Mining Development Aspect - Runner-up for the Best Mining Practice in Coal Distribution category

2 Oktober 2013

GKPM - CSR Best Practice for Millennium Development Goals (MDGs) Award 2013 PLATINUM - Ensure Environmental Sustainability Category GOLD - Combat HIV/AIDS, Malaria and Other Diseases Category - Improve Maternal Health Category - Eradicate Extreme Poverty and Hunger Category (2 awards)

28 September 2012

Gelar Karya Pemberdayaan Masyarakat ("GKPM") Award 2012 PLATINUM - Micro Empowerment for Poor Households through Independent Business Group in Kintap Site - Microfinance Institutions “Rakat Bersama” in Senakin Site - Maternal and Child Health Service & Integrated Health and Early Childhood Education in Asam-asam Site - Rural Financial Institution “Bulurejo” in Batulicin Site - Rural Financial Institution “Sungai Baru” in Asam-asam Site - “Koperasi Madani” in NPLCT Site

34

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.

BUMI Resources Annual Public Expose 2013

Jakarta, 20 November 2013

www.bumiresources.com

Agenda 1. Company at a Glance 2. Production and Sales Performances 3. Financial Performance

- Profit & Loss - Balance Sheet - Dividend History 4. Current Issues on Bumi 5. Appendix

2

Overview 

One of the largest coal exporters globally

 

Leading natural resources group and the largest thermal coal producer in Indonesia, with together (KPC and Arutmin) commanded a dominant 18% market share of Indonesia coal production in 2011

 

74m tonnes of coal mined in 2012, expected 2013 is 80 m tonnes

3.3 billion metric tonnes of marketable coal reserves from four mining assets and 13.9 billion metric tonnes of coal resources (excluding reserves)(1)

    

KPC is the largest export coal mine in the world

High potential for reserves expansion; KPC only partially explored

Ideally located to serve important markets in Asia and Europe Open cut mining with captive coal processing facilities Dedicated infrastructure e.g coal loading terminals, port facilities and conveyors Segment coal and non coal businesses



Unlocking value by separating metal business from coal - BUMI will concentrate on increasing thermal coal dominance - BRMS created as a listed entity with exclusive focus on metals industry

(1) The Minerals Expert’s Report prepared by PT Runge Indonesia

3 3

Bumi Ownership Structure Becoming a Diversified Mining Resources Company PT BUMI RESOURCES TBK.

(Minerals/Non-Coal)

Coal, Oil & Gas 87.09%

65%

KPC

70%

Arutmin

70%

IndoCoal Resources

100%

PT Bumi Resources Minerals Tbk 80%


96.97%

Effective ~50%

Fajar Bumi Sakti (FBS) – Coal

60%

Bumi Mauritania – Iron Ore

100%

89,6%

(in production stage)

Pendopo Energi Batubara – Coal (in exploration stage)

(in exploitation stage)


100% Effective ~84.55%


Dairi Prima Minerals– Zinc ,Lead

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

Darma Henwa – Contract Mining (associated company)

Citra Palu Minerals – Gold Mining

80%

Effective ~18% Effective ~31.43%

Gorontalo Minerals – Gold & Copper Mining

94,1%

Newmont Nusa Tenggara – Gold (associated company) Bumi Japan – Marketing Services PT Tamagot Bumi SA – Iron Ore (exploitation stage) PT Sarkea Prima Minerals – Mining (exploration stage) Konblo Bumi Inc - Diamond, precious metal (exploration stage)

4

Coal Production

110 (E)

KPC/Arutmin 110m tons + upsides from Pendopo

74

5

Coal Reserves & Resources – Largest in Indonesia • Reserves are now 3.3 billion tonnes, increase 27% from 2.6 billion tonnes in 2009 • Reserves & Resources together increase to 17.3 billion tonnes

In million tonnes KPC: Sangatta Melawan

Coal Resource

Coal Reserve

Total

474 624 226

3,651 3,946 1,564

4,125 4,570 1,791

1,325

9,161

10,486

35 60 22

407 262 -

442 322 22

117 292

669 1,224

786 1,516

410

1,893

2,303

PEB

303 1,306

593 2,311

896 3,617

TOTAL

3,343

13,958

17,301

Bengalon

Arutmin: Senakin Satui Batulicin Sub Bituminious Coal Ecocoal

FBS

Note : the above figures are under review and will be released by year end

6

Volume of Production & Coal Sales • In the past few years, the Company has seen an ever increasing coal production, thanks to good performances the Company ‘s mining fleet and reliable contractors. • The Company has wide marketing network and partners of international repute. In addition, both KPC and Arutmin own coal production with various qualities based on classification of calorific content; hence giving flexibility to meet varied demand and need of customers. OB Removal

Coal Volume Mined

Stripping Ratio

(in mn bcm)

(in mn tons)

bcm/t

751

2011

775

2012

KPC

66

560

532

9M 2012

9M 2013

74

11.5x

61 51

2011

Arutmin

2012

KPC

9M 2012

9M 2013

2011

Arutmin

Coal Sales

Coal Inventories*

(in mn tons)

(in mn tons)

63

68

7.6

59 48

10.4x

2012

10.9x

9M 2012

8.8x

9M 2013

7.3 6.2

3.8

2011

2012

KPC

9M 2012

Arutmin

9M 2013 2011

2012

9M 2012

9M 2013

*Note: In-pit, ROM, Plant & Port Stocks

7

Volume of Production & Coal Sales (continue) Q1 2013 Overburden

mbcm

Q2 2013

Q3 2013

9M 12

9M 13

Var (%)

187.5

179.1

165.6

559.8

532.2

-4.9%

Strip Ratio

bcm/t mined

9.6

9.0

7.8

10.9

8.8

20.0%

Coal Mined

mt

19.6

20.0

21.2

51.2

60.8

18.8%

Coal Sales

mt

19.1

20.5

19.0

47.7

58.6

22.9%

FOB Prices*

$/t

72.4

65.5

62.4

85.5

66.8

-21.9%

Coal Inventory

mt

6.5

5.7

7.3

6.2

7.3

18.3%

*) Subject to reconciliation

8

Coal Sales • It is assumed that there will be a continuing expectation of increasing demand for coal, along with economic growth, particularly in China and India • Indonesia is one of the world’s largest thermal coal producers supported by quality and significant reserves to meet the world coal demand

Sales Destination

Weighted Average Selling Prices

as of Dec 2012 (in %) (in US$ per ton)

ASPs (exc. Ecocoal) Ecocoal ASPs KPC+AI

2009

2010

2011

2012

9M'12

9M'13

$

65.1

$

76.3

$

99.8

$

90.1

$

94.1

$

77.1

$

38.1

$

41.5

$

61.4

$

52.7

$

55.8

$

37.5

$

61.7

$

70.9

$

92.3

$

81.5

$

85.5

$

66.8

Korea, 2 Europe, 1 Hong Kong, 3 Taiwan, 4 SE Asia, 11

Pakistan, 0.1

China , 27

Note: Average Selling Prices is based on FOB price before the government royalty

Indonesia, 16

India, 20

Japan, 17

9

Cash Costs of Coal Production Production Cash Costs of the Company decreased by 11.4% due to higher efficiencies, 24% lower unit fuel costs and a 19.2% fall in strip ratio, year-on-year Production Cash Costs(1) (in US$ per ton) Bumi

Composition of Production Cash Costs

FY10

FY11

FY12

9M’12*/**

9M’13

33.9

42.1

43.7

47.3

41.9

KPC

34.0

45.5

46.5

49.2

43.7

Arutmin

33.9

36.3

39.1

45.3

38.3

Fuel Cost per Ton (US$)

8.6

11.4

11.6

12.3

9.3

Strip Ratio

10.5x

11.5x

10.4x

10.9x

8.8x

Cash Margin(2)

36.9

50.6

37.8

38.2

24.9

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 * Included Deferred Stripping Cost Change in Accounting Policy in 2011

Mining Contractor 51%

Fuel Costs 26%

Mining Contractor 54%

Fuel Costs 23%

Maintenance, Equipment 12%

Maintenance, Equipment 12%

Labor costs 5% Other materials 6%

9M 2012

Labor costs 5% Other materials 6%

9M 2013

** Included adjustment on river diversion & rehabilitation provision

Sangatta Rainfall

Indonesian Industrial Diesel Oil Prices Diesel prices have fallen significantly in-line with drop in oil prices

10

Bumi Expansion to 110 mtpa by 2015 2011

KPC

2012

2013

2014

2015

Bengalon Infrastructure +15mtpa Duplicate OLC + Stacker reclaimer +32 mtpa Melawan Crusher + OLC +25 mtpa

Additional Mobile Equipment Sangatta Additional Power 3 x 18 mw Power Stations

Arutmin

Asam Asam crusher + OLC + 4 mtpa West Mulia Crusher + OLC + 9 mtpa

11


Financial Performance

12

Profit & Loss In US$ million

9M -2012

9M -2012

2,768.5

2,651.4

-4%

(2,018.2)

(2,093.8)

-4%

Gross Income

750.3

557.6

-26%

Operating Income

312.4

215.8

-31%

(632.5)

(377.5)

40%

Revenue

Cost of Revenue

Net Profit (Loss)

%

13

Balance Sheet In US$ million

FY 2012 Audited

9M 2013

Cash and cash equivalents Restricted cash in banks Available-for-sale financial assets Notes Receivable Derivative assets Trade Receivable Other receivables Third parties

45.2 100.1 246.8 111.0 111.7 298.1

56.7 98.2 17.6 306.6

26% -2% -100% -100% -84% 3%

39.3

313.4

Related parties Due from related parties Inventories Value-Added Tax recoverable Assets as held for sales Other current assets

2.4 0.0 274.7 829.6 164.9 39.5

1.5 244.3 711.6 161.0 34.5

698% -36% -100% -11% -14% -2% -13%

2,263.2

1,945.4

-14%

91.0 163.7 1,230.8 1,752.7 431.1 66.8 308.3 369.2

84.5 206.9 1,206.0 1,709.8 426.1 82.9 308.3 426.8

-7% 26% -2% -2% -1% 24% 0% 16%

677.5

630.7

-7%

NON-CURRENT ASSETS

Other non-current assets Related parties

%

CURRENT LIA BILITIES

CURRENT ASSETS

Due from related parties Deferred tax assets - net Investment in associates Fixed assets Exploration and evaluation assets Claim for tax refund Goodwill - net Long-term receivables

9M 2013

LIABILITIES AND EQUITY

ASSETS

Total Current Assets

FY 2012 Audited

%

Total Non-Current Assets

5,091.1

5,082.1

0%

TOTAL ASSETS

7,354.3

7,027.5

-4%

Short-term loans Trade payables Third parties Related parties Other payables Third parties Due to Government of Indonesia Accrued expenses Tax payable Current maturities of long-term loans Obligation under finance leases Estimated liability for restoration and rehabilitation Liabilities as held for sales Convertible bonds Accrued redemption premium Total Current Liabilities

98.7

100.0

1%

198.6 120.3

139.3 89.4

-30% -26%

68.5 948.1 261.9 143.9 470.2 64.8 9.7 87.4 367.0 87.3

239.8 825.8 355.5 168.7 651.8 54.5 8.0 87.5 370.6 79.0

250% -13% 36% 17% 39% -16% -17% 0% 1% -10%

2,926.4

3,169.9

8%

NON-CURRENT LIA BILITIES Due to related parties Deferred tax liabilities - net Employee benefits obligation Long-term loans - net of current maturities Obligation under finance leases Estimated liability for restoration and rehabilitation Accrued redemption premium

98.9 125.4 35.0 3,145.0 131.4 197.4 302.7

56.1 78.8 34.7 2,926.5 145.3 235.0 399.4

-43% -37% -1% -7% 11% 19% 32%

Total Non-Current Liabilities

4,035.8

3,875.8

-4%

TOTA L LIABITIES

6,962.2

7,045.6

1%

EQUITY Capital stock Additional paid-in capital - net Treasury stock Other capital reserves Difference in the change in equity transaction of a subsidiaries/associate Retained earnings Appropriated Unappropriated Equity attributable to the owners of the parent Non-controlling interest Equity - Net TOTA L LIABILITIES A ND EQUITY

1,476.8 (878.8) (34.2) 47.9

1,476.8 (878.8) (34.2) 51.1

0% 0% 0% 7%

(27.8)

(27.8)

0%

417.6 (850.7)

417.6 (1,228.2)

0% 44%

150.9

(223.4)

-248%

241.2

205.2

392.1

(18.2)

7,354.3

7,027.5

-15% -105% -4%

14

Dividend History – Steady since 2005 Year 2000 2001 2002 2003 2005 Interim 2005 Final 2006 Final

Total Share

19,404,000

2007 Interim 2007 Final 2008 Final 2009 Final 2010 Final 2011 Final

20,773,400

Dividends Remarks per Share 1.0 2.5 5.0 10.0 16.0 Paid on 25 June 2007 50% paid on 2 July 2007, balance 66.0 * 50% paid on 5 September 2007 45.0 Paid on 7 August 2008 50.60 Paid on 18 August 2009 27.68 Paid on 16 August 2010 41.78 Paid on 15 August 2011 14.31 Paid on 6 July 2012

30% max of net income subject to shareholder approval * Represent 30% Dividend in XO gain of $472 million from Tata transaction in June 2007 15


Bumi Resources Minerals (“BRM”)

16

World Class Asset Portfolio Dairi Prima Mineral

Bumi Mauritania

Stake: 80%. Type: Zinc, lead Reserve (100%): 11 mio ton ore (Anjing Hitam & Lae Jahe). Resource (100%): 25 mio ton ore (Anjing Hitam, Lae Jahe, Base Camp). Grade: 11.5% Zn, 6.8% Pb. Production: 2H 2016.

Stake: 60%. Type: Iron ore. Exploration stage in West Tamagot, South Tamagot, Syafriat Zedned, Bababe and Makhana.

Tamagot Bumi Stake: 53.76%. Type: Iron ore. Mineral Inventory (100%): 100 mio ton. Grade: 60% Fe.

Gorontalo Minerals Stake: 80% (1) Type: Copper & Gold. Resource (100%) : 292 mio ton Grade: 0.47 g/ton Au, 0.5% Cu. Production: 2H 2016.

AFRICA

Citra Palu Minerals Stake: 96.97% Type: Gold, Moly. Mineral Inventory (100%): 2.5 mio ton (gold), 106 mio ton (moly). Grade: 7.5 g/ton Au, 0.14% Moly. Production: 2H 2016.

INDONESIA Konblo Bumi (Liberia) Stake: 5% Type: Diamonds, precious metals. Exploration stage with 7 exploration leases obtained.

Source: BRM. (1) (2)

Subject to progressive divestment 49.0% beginning from the end of the fifth year after commencement of production at the Gorontalo Project. As of 31 December 2012.

Newmont Nusa Tenggara Stake: 18% Type: Copper & Gold. Reserve (100%): 7.2 bio lbs copper & 7.3 mio oz gold (2) Grade: 0.6% Cu, 0.5 g/t Au (Phase 6) 9M 2013 Prod: 115 Mio lbs copper & 36 thd oz gold.

17

17

Gorontalo Minerals Large Resources of Copper & Gold Project Overview

Site / Domains Sungai Mak ‐ Supergene Cu‐Au

 Has COW rights to a 36,070 hectare mining concession located in the Bone Bolango Regency (Province of Gorontalo)

Sungai Mak ‐ Hypogene Cu‐Au

Sungai Mak ‐ Oxide Au

 Based on explorations to date, the following have been identified in the concession: − − −

Four copper and gold systems Three gold, silver and copper systems Four gold and silver systems

Cabang Kiri TOTAL RESOURCES

Class Measured Indicated Inferred Measured Indicated Inferred Measured Indicated Inferred Inferred

Million Tonnes 46.8 16.9 20.6 32.6 16.8 22.8 6.3 2.2 3 124 292

Cu (%) 0.92 0.71 0.76 0.3 0.33 0.32

0.43 0.50

Au (g/t) 0.48 0.32 0.35 0.17 0.15 0.17 0.57 0.45 0.43 0.67 0.47

Location

 Obtained Exploration Borrow & Use Permit in December 2010  Working on advanced exploration and feasibility studies at Sungai Mak and Cabang Kiri Projects  JORC Resource estimate of 292 Mt (0.5% Cu and 0.47g/t Au) from 2 sites only (Sungai Mak and Cabang Kiri)  There are prospects from other sites (Kayu Bulan, Tulabolo, etc) that have not been explored yet.

•

The JORC Resource estimate was completed by SRK Consulting (Australasia) Pty Ltd, Australia on 27 Jul and 8 Aug 2012

•

Mt = Million tonnes

Source: BRM.

18

Citra Palu Minerals Asset with Gold & Moly Prospects Overview  Has rights to a 138,889 hectare mining concession in Central Sulawesi and South Sulawesi, Indonesia through a COW  Contract area consists of six separate blocks, of which the Poboya site is the most promising

Mineral Inventory

Tonnage (Ore) 100% Equity

Contained Metal Mineral

Grade

(’000 tonnes)

100%

Equity

2,500

2,400

Gold

7.5 g/tonne

0.7 mm oz

0.6 mm oz

106,000

103,000

Molybdenum

0.14%

8 mm lbs

7 mm lbs

Citra Palu Project

Location

 Initial mineral inventory of: − Blok 1: 2.5 million tonnes with 7.5 g/t gold − Blok IV: 106 molybdenum

million

tonnes

at

0.14%

 Obtained Exploration Borrow & Use Permit in September 2011  Working on Exploration activities at Poboya Gold Prospects  JORC Resource to be completed soon

Source: BRM.

19


Current Issues

20

BUMI Debt Maturity Repayment Schedule *Excluded Subsidiaries - As of 30 September 2013

#

100,5

100,9

98,6

95,9

q1

q2

q3

q4

#

94,8

95,0

85,0

62,8

q1

q2

q3

q4

#

60,7

59,5

57,9

34,8

q1

q2

q3

q4

#

33,1

31,2

30,8

25,6

q3

q4

#

17,2

US$ 750 million US$ 700 million

TOTAL OF LOAN PAYMENT

US$ 650 million US$ 600 million US$ 550 million US$ 500 million US$ 450 million US$ 400 million US$ 350 million US$ 300 million US$ 250 million US$ 200 million US$ 150 million US$ 100 million US$ 50 million

2013 US$ 254.5 million

2014 US$ 1,230.5 million

2015 US$ 1,062.5 million

q1

q2 2016

US$ 530 million

q3 2017 US$ 700 million

21

Our View on Debt Rating Downgrades -

Moody’s downgraded BUMI to ‘Ca’ from ‘Caa1’ on 10 Oct ’13 S&P downgraded BUMI to 'CC' from 'CCC‘ on 15 Oct ’13

-

Downgrades due to assumption of Company’s weak liquidity and refinancing risks in the short-term -

We see that our agreement with CIC is a major proactive step to reduce debt and interest obligations, thereby improving our liquidity.

-

We understand their concerns on our other debt maturities. However, we are still optimistic that our revenue remains strong, and our production sales and production remain solid.

-

The complexity of this deal bounds us from elaborating the finer details. We believe that their analysis on this deal is premature and biased, and could mislead our investors, particularly bondholders.

22

Bumi - CIC Deal : The Beginning Summary of Terms:  Debt Size

: USD 1.9 billion

 Payment terms

: fixed interest rate 12% p.a. and 19% IRR Payable on Principle Repayment Date

 Tranches: 

2013 Payment : USD 600 million







 Use of Proceeds 

Debt Refinancing and the recent acquisitions

USD 1,687 million



Fees and expenses

USD



Working Capital

USD 203 million

10 million

 2 years lock-up for both parties  Pledge of coal company share

23

Bumi - CIC Deal : First Tranche Payment • In November 2011, Bumi has refinanced Tranche 1 amounting to US$ 600 million to CIC • This tranche was falling due on 30 September 2013 and has been repaid almost 2 years earlier by mutual consent • Effectively, this refinancing has reduced the interest by ca $72 m on an annualised basis • Refinancing cost was Libor + 6.7% pa vs 12% coupon + IRR

24

Bumi - CIC Deal : detail of recent agreement 19% KPC (value : $ 5,000 million) 42% BRMS (@ 268/share) BUMI Rights issue CIC Receives

: $ 950 million : $ 257 million : $ 150 million : $ 1,357 million

CIC has to get Debt principal MW Premium Deferred interest (Aug - Nov ‘13)

: $ 1,300 million : $ 425 million (e) :$ 62 million (e)

Total

: $ 1,787 million (e)

Difference – Remaining Loan

:$

430 million (e)*

*Loan for 3 years @ LIBOR +6.7% pa No principal and interest is payable in the first year (e) : estimate 25

Expected BUMI Debt Profile – After CIC Agreement Bumi Debt at end of Sept '13

Debt Repayment CIC Transaction Oct-Dec '13 Proceed

Bumi Debt at end of Dec '13

1,787.1

-

(1,357.4)

429.7

Notes US$ 300m

300.0

-

-

300.0

Notes US$700m

700.0

-

-

700.0

78.0

(18.0)

-

60.0

CDB Loan

600.0

-

-

600.0

Axis Bank Loan

155.0

(5.0)

-

150.0

75.0

(12.5)

-

62.5

150.0

(25.0)

-

125.0

TOTAL LOAN

3,845.1

(60.5)

(1,357.4)

2,427.2

CB US$375m

375.0

-

-

375.0

4,220.1

(60.5)

(1,357.4)

2,802.2

CFL Loan

DB Loan

UBS Facility CS Facility US$150m

TOTAL LOAN & CB

Notes: Existing debt is using original interest rate and repayment schedule CIC Residual Debt with term 3 years Libor + 6.7% interest p.a. 1st year interest capitalized, paid at maturity Excludes Subsidiary Debt

26

Information Disclosure Correspondence with Regulators re. Current Issues & Press Release February 27, 2013

Press Release No Change in Stake in BRMS

March 1, 2013

Press Release Bumi's Green Commitment Receives Global Green Future Award, in Mumbai - India

March 6, 2013

Information Disclosure Resignation of Several Members of Commissioners and Directors of PT Bumi Resources Tbk (”the Company”)

June 6, 2013

Press Release Bumi Responds to Leighton

September 28, 2013

Press Release BUMI Gets Two ASEAN Energy Awards 2013, in Bali

October 9, 2013

Information Disclosure The Company announces that it has entered into an agreement to settle $1.3 billion principal amount of its remaining debt with China Investment Corporation (“CIC”).

October 9, 2013

Press Release BUMI Enters Into Agreement to Settle Remaining Debt with CIC

October, 11 & 16, 2013 Company Explanation Company Explanation Regarding CIC Transaction

27


Appendix

28

Recap of Fundamental Strengths of Bumi 1

Diversified Coal Mining Operations and Products: Competitive portfolio of high demand products from multiple mine sites

2

Low Cost Coal Producer: Provides ability to weather coal cycles

3

High Quality Customer Base with Contracts In-Place: Provides pricing and volume stability

4

International Contractors and Marketing Agents: Facilitates efficient production and competitive marketing

5

Stable and Established Concession Structure: Significant incentives for continued government support

6

Substantial Reserves and Resources: Strong potential for upside and production growth

7

Strong Revenue Growth and Stable Profitability: Expanding cash flow profile

8

Experienced Management Team: Proven track record of expanding production platform and profitability

9

Natural Hedge with Dollar Denominated Revenues and Expenses: Provides natural hedge against currency fluctuations

10

Strategic Partnership with Tata Power: Provides synergy and counterbalance to management

29

Recent Awards & Recognitions * Including CSR Achievements

1.

Ranked 9th in the Best Corporate Governance Category for Indonesia in the Asia’s Best Companies Award 2013. Result was based on Best Managed Companies Annual Survey conducted by FinanceAsia Magazine, Jakarta, 4 July 2013

2.

Received two awards on Global Green Future Awards 2013, in the category of Best Green Energy Efficiency Initiative and Best Sustainable Investment at World CSR Days in Mumbai, India, 18 February 2013

3.

Received Trusted Company award based on Corporate Governance Perception Index (CGPI) in Corporate Governance Award 2012, Jakarta, 19 December 2012

4.

Ranked of 11th in Coal & Consumable Fuels in Asia, 15th in Coal & Consumable Fuels globally, 68th in Overall Performance in Asia and 234th on overall global performance by 2012 Platts Top 250 Global Energy Company, Singapore, 23 October 2012

5.

Received two awards in Asia's Best CSR Practices Awards in the Category of Best CSR Practice Overall and Developing Sustainable Strategies in the Award Ceremony Event at Park Royal Hotel, Singapore, 20 July 2012

30

Reclamation Sequence Kaltim Prima Coal & Arutmin Indonesia

½ – 1 YEAR

RECONTOURING PLANTATION

TOP SOILING

5 YEARS

3 YEARS

2 YEARS

31

Safety Record YTD October 2013

45

Prima Nirbhaya/NOSA Implementation

3.50 LTIFR Threshold 2013 : 0,20

35

2.86

3.00 35

35

FPE & New Golden Rules Implementation

LTI

32

31

2.59

30

2.50

LTIFR

2.43

2.31

25

25 23

2.00 22

22 20

19

20

18

15

1.50

17

1.51

15

14

1.36

14

12

1.00

1.11

10

0.93 0.80

0.50 0.26

0.20

0.22

YTD 31 Oct'13

0.34

2012

0.23

2010

0.32

2008

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

0

2011

0.56

0.50

2009

0.76 5

2007

No. of LTI

PT Kaltim Prima Coal

36

14

1.00

0.97

10

0.80

8 No. of LTI


0.00

1.20

12

0.60

0.61

6 0.41

4

0.48

0.40 0.24

2

0.27 0.18

0.12

0.23 0.10

0.04

0 No. of LTI LTI-FR

LTIFR (per 1,000,000 Manhours)

39

0.03

0.20 0.11 0.00 YTD 2013 3 0.11

0.09

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

8 0.97

4 0.41

5 0.48

3 0.24

3 0.18

13 0.61

3 0.12

6 0.27

1 0.04

7 0.23

3 0.10

1 0.03

4 0.09

LTI-FR (per 1,000,000 Manhours)

40

32

Enviromental Management PT Kaltim Prima Coal


•

Mine rehabilitation

•

Mine acid water control

• Accredited to SMK3 & OHSAS 18001:2007NPLCT by Sucofindo

•

Suspended solids control

• Water treatment

•

Hydrocarbon and waste management

• Dust treatment

•

Continuous Environmental Self Audit

• Hazardous material management

•

Accredited to ISO14001by SGS

• Accredited to ISO14001 – NPLCT by Sucofindo

•

Environmental Management (2006-2008) by Directorate General for Mineral, Coal and Geothermal Indonesia

•

Environmental Management Period 2011 – 2012 (Green Proper) by State Minister of Environment Indonesia

• Safety Award 2011 by State Minister of Energy and Mineral Resources Indonesia • Environmental Management 2010 – 2011 (Green Proper) by State Minister of Energy and Mineral Resources Indonesia and State Minister of Environment Indonesia

33

CSR Achievements Date

Awards

September 28, 2012

Gelar Karya Pemberdayaan Masyarakat ("GKPM") Award 2012 PLATINUM - Orange Agribusiness Development Program in Rantau Pulung District - Prevention of Malnourished and Severe-Malnourished Children Under 5 years with Community Empowerment Based Through Nutritional Education and Rehabilitation Program (Pergizi)

December 3, 2012

Indonesian Sustainability Reporting Award ("ISRA") 2012 The Best Winner of Sustainability Report for Category A (Natural Resources)

September 25, 2013

ASEAN Energy Awards - Best Practice in Surface Coal Mining Development Aspect - Runner-up for the Best Mining Practice in Coal Distribution category

October 2, 2013

GKPM - CSR Best Practice for Millennium Development Goals (MDGs) Award 2013 PLATINUM - Ensure Environmental Sustainability Category GOLD - Combat HIV/AIDS, Malaria and Other Diseases Category - Improve Maternal Health Category - Eradicate Extreme Poverty and Hunger Category (2 awards)

September 28, 2012

Gelar Karya Pemberdayaan Masyarakat ("GKPM") Award 2012 PLATINUM - Micro Empowerment for Poor Households through Independent Business Group in Kintap Site - Microfinance Institutions “Rakat Bersama” in Senakin Site - Maternal and Child Health Service & Integrated Health and Early Childhood Education in Asam-asam Site - Rural Financial Institution “Bulurejo” in Batulicin Site - Rural Financial Institution “Sungai Baru” in Asam-asam Site - “Koperasi Madani” in NPLCT Site

34

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.

35

BUMI Resources. Presentasi Paparan Publik Tahunan. Jakarta, 20 Nopember

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