Net revenues Coal loaded to ships Total liabilities Barge trips through channel

˜ u r B u S In E S S ™ DAro EnErgy 2013 AnnuAl rEporT 59 PT Adaro Logistics AL In March 2013, Al was tasked with managing and co-ordinating the logistics arm of our coal supply chain, which includes coal barging and ship-loading, channel dredging, and the maintenance, stevedoring, and the port operations at the Taboneo offshore anchorage and IBT’s South pulau laut onshore port. It aims to be reliable, eficient and the best-managed Indonesian logistics company, with high-quality occupational health and safety standards and environmental best practices. Al focuses on providing an integrated port-to- port logistics supply chain that ensures reliable and eficient coal delivery to more than 50 customers in 12 countries. By having all the various units under one roof, Al is able to identify synergies among them to better utilize the resources within the Ae group. In 2013, Al inaugurated its subsidiary, pt Indonesia Multi purpose terminal IMpt, and the operations of MBp’s new loating transfer unit Ftu. PT Maritim Barito Perkasa MBP MBp is AI’s main contractor for transporting coal from Kelanis to the offshore anchorage at taboneo or IBt’s South pulau laut port. It also handles direct shipment to domestic customers. Beside AI, MBp also serves third-party customers. MBp operates a total of 38 barge sets, 15 of which are chartered from third-party vendors, and four units of self-propelled barges. It has a barging capacity of 318,000 DWt, equivalent to 30.5 million tonnes of carrying capacity if the entire leet were to barge to taboneo. In 2013, MBp invested uS33.1 million to expand its leet with ive units of 15,000 DWt capacity barges and ive units of 3,200 BHp tugs. In 2013, MBp transported 27.36Mt of coal, 21.6 higher compared to 2012, of which 95 25.8Mt was from AI. Aside from coal barging, MBp also carries out ship-loading activities at taboneo offshore anchorage. MBp’s ship-loading facilities at taboneo consist of four loating cranes with a combined annual capacity of 19Mt and one new loating transfer unit Ftu with an annual capacity of 21Mt. the Ftu, which started operations in July 2013, has a design capacity of approximately 60,000 tonnes per day, or four times the average loating crane capacity. In 2013, 16.2Mt of coal were loaded to ships through four loating cranes, 4 higher than the previous year. the Ftu contributed 4.6Mt from July to December 2013. In total, 20.8Mt of coal was loaded, 33.5 more than 2012’s 15.6Mt. MBp has consistently increased its barging and ship- loading volumes as well as its contribution to AI’s operations. MBP 5-Year Highlights 2009 2010 2011 2012 2013 Key Financial Highlights US million Total assets 189.2 129.6 152.9 221.4 244.3 Total liabilities 162.7 139.2 139.8 170.6 153.0 Interest-bearing debt 0.1 0.1 130.6 156.0 141.6 Total equity 26.5 9.6 13.1 50.8

91.3 Net revenues

71.3 59.6 92.0 135.5 123.4 Operating Statistics million tonnes Coal barged 10.3 11.6 15.8 22.5 27.4 For Adaro 8.6 10.9 14.3 21.5 25.8 For others 1.7 0.7 1.5 1.0

1.6 Coal loaded to ships

11.4 12.7 13.6 15.6 20.8 For Adaro 11.3 12.4 13.5 15.6 20.8 For others 0.1 0.3 0.1 - - note: Figures in 2009 are the combined results of oMl, MBp and HBI. In october 2009, oMls assets were restructured to MBp and HBI to comply with Indonesias cabotage law. MBPs new floating transfer unit, commissioned in 2013, in operation at Taboneo. o u R B u SIn e SS 60 š›œ IABlE, STrong, EFFICIEnT PT Indonesia Multi Purpose Terminal IMPT IMpT is authorized by the Ministry of Transportation to function as a port management unit Badan usaha pelabuhan or Bup and to manage and operate a terminal at the Taboneo offshore anchorage at the mouth of the Barito river in South Kalimantan. Al acquired 85 of IMpT in July 2011 and formally inaugurated it in 2013. IMpT was acquired to handle the increase in coal volume transported through the open anchorage area; to ensure safe, eficient and reliable coal handling and ship-loading activities; as well as to improve productivity at taboneo by setting up a proper port management system that includes raising the operational standards. IMpt manages the safety and security of the shiploading and transshipment activities at taboneo anchorage based on international standards. IMpt is also authorized to provide other port services such as handling vessel lay-ups and tug services. In 2013, IMpt installed six navigational buoys and one mooring buoy to demarcate its operating area for vessels calling at the IMpt port. SDM 5-Year Highlights 2009 2010 2011 2012 2013 Key Financial Highlights US million Total assets 55.5 47.7 44.5 44.3

42.1 Total liabilities

49.4 41.9 35.3 31.3

23.6 Interest-bearing debt

46.1 40.2 34.0 30.0

22.0 Total equity

6.1 5.8 9.2 13.0 18.6 Operating Statistics Channel volume million tonnes 58.3 68.4 79.2 84.6

91.8 Barge trips through channel

6,329 7,770 8,854 9,435 9,927 PT Sarana Daya Mandiri SDM Ae group owns 51.2 of SDM, which is responsible for dredging and maintaining the 15km upstream shipping channel at the mouth of the Barito River. Since 2008, SDM has regularly dredged the Barito River channel to maintain ideal navigation conditions. prior to 2008, the channel could only be used on average for 8 hours a day during high tide, which translates into an annual capacity of 60Mt. Barges bigger than 10,000 DWt were also unable to pass through the channel due to sedimentation that limited navigational depth. With the dredging and routine maintenance by SDM, the channel now is operational for 24 hours a day, and its annual capacity has increased to 200Mt. to monitor trafic, SDM has 16 navigation support buoys along the channel and a radar system equipped with CCtvs. In 2013, 91.82Mt of coal and other minerals were transported through the channel, up 9 or 7.2Mt compared to 2012. Barges that passed through the channel also increased to 9,927 from 9,435 the previous year, 99 of which were coal barges. Our subsidiary IMPT manages a terminal at the Taboneo offshore anchorage, while SDM maintains the barging channel that leads to it.  u r p r o F Il E o u r M E SSA g E S o u r B u S In E S S o u r pE o pl E o u r g o v Ern A n C E o ur C o M M un IT IE S o u r I n v E S T o r S o ur F In An C E S ž DAro EnErgy 2013 AnnuAl rEporT 61 PT Indonesia Bulk Terminal IBT IBT is a port management company with International Ship and port Facility Security Code ISpS Code certiication. It has operated the coal terminal at South pulau laut on the southeast end of South Kalimantan since 1997. pt Shell Indonesia built an 80,000-kiloliter fuel storage facility at IBt to provide fuel for AI and third parties and to support AI’s operations. throughout 2013, IBt loaded 3.03Mt of coal to customer vessels, a 20 decrease compared to 2012. AI accounted for 2.79Mt or 92 of IBt’s total ship-loading activities. the number of vessels loaded also decreased 24 to 42 vessels compared to 2012. the declines were mainly due to subdued coal prices and the more prominent use of loating cranes. In 2013, IBt invested uS15.5 million to replace old barge cranes and improve the barge unloading system. these works are expected to be completed in the irst half of 2014. In order to improve the productivity of fuel loading and unloading activities, IBt is constructing a second fuel wharf, which was 80 complete as of the end of 2013. PT Puradika Bongkar Muat Makmur PBMM pBMM, an Al subsidiary, started operating in June 2013 to handle central supply chain coal delivery planning and stevedoring. pBMM therefore completes the entire supply chain from the loading port to the discharging port. Coaltrade Services International Pte Ltd CTI CtI is the coal sales agency that handles AI’s exports to certain destination countries. CtI also IBT 5-Year Highlights 2009 2010 2011 2012 2013 Key Financial Highlights US million Total assets 179.0 94.3 94.4 96.6

91.5 Total liabilities