BUMI Presentation - FY 2020 Earnings Call - 18 May 2021

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PT BUMI RESOURCES Tbk.

FINANCIAL UPDATE – EARNINGS CALL


FY-2020

This presentation is confidential. No part of it may be circulated, quoted, or reproduced for distribution without prior written approval from PT Bumi Resources Tbk. This
material was used during
17/05/2021 an oral presentation. It is not comprehensive in all aspects and cannot be relied upon for any decision making.
15.28.22 1
Disclaimer
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.

17/05/2021 15.28.24 2
FY 2020 Review
Production:
• Production reduced from 86MT to 81MT in 2020.
• Both mines were affected by COVID weakening world demand.

Prices:
• Coal Prices were strong in Q1 until the COVID virus hit at the beginning of March.
• Index Prices fell to a low of $49.8/t in Q2 (GC Newc 6322 GAR).
• Index Prices recovered to $67.4/t in Q4 (GC Newc 6322 GAR).

Production Costs:
• Costs have fallen due to the impact on demand for mining equipment, less high grade coal production and lower oil
prices from $34.3/t in Q1 to a low of $30.3/t in Q2. Costs remained low throughout the rest of the year.

CCOW status:
• Arutmin received its new mining license (IUPK) on 2nd November. The tax regime currently is the same as the CCOW
except an additional 10% Profit share has been added. However, it is subject to the prevailing laws and we understand
these maybe changed for all IUPK’s in the next few months. We have had no further update so far as of today.
• KPC’s extension to IUPK is still in process and we expect to receive the extension in the 2nd half of 2021.

17/05/2021 15.28.24 3
Guidance 2021
Production : 85MT-89MT
• KPC : 60MT-62MT
• Arutmin : 25MT-27MT

Prices : $51/t - $54/t


• KPC : $58/t - $61/t
• Arutmin : $39/t - $42/t

Costs : $31/t - $34/t 1


• KPC : $34/t - $37/t
• Arutmin : $25/t - $28/t

1 Royalty and commission not included.

17/05/2021 15.28.24 4
International Coal Price
1 Jan '09 - 15 Jan '21
160
Price (US$ per ton)

150

140

130

120

110

100

90

80

70

60

50

40

30
Index Prices Summary:
20 - API4 Dec'20 - $90.35 pmt (up $21.38 pmt from Nov'20)
- GCNEWC Dec'20 - $79.87 pmt (up $15.86 pmt from Nov'20)
10 - HBA Jan'21 - $75.84 pmt (up $16.19 pmt from Dec'20)

0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
GCNEWC API4 HBA ICI5000 ICI4200

17/05/2021 15.28.23 5
Macquarie Coal Forward Price as 21 Jan 2021
Green mid = move up from prev day. Red = move down from prev day.
API#4 NEWC
US$/mt
today change prev month change today change prev month change
Jan-21 91.00 - 91.00 - 85.50 - 85.00 0.50
Feb-21 83.00 (1.00) 88.00 (5.00) 85.60 0.35 84.50 1.10
Q1'21 84.80 (0.50) 88.50 (3.70) 85.15 0.05 84.50 0.65
Q2'21 79.05 (0.50) 83.00 (3.95) 82.80 (0.10) 81.90 0.90
CAL-21 80.50 - 81.00 (0.50) 83.15 0.25 81.70 1.45
CAL-22 77.20 - 77.20 - 79.40 0.40 78.50 0.90

BOLD LINE = Today, THIN LINE = Previous Day, DOTTED LINE = Previous Month

API#4 Newcastle
95.00 95.00

90.00 90.00

85.00 85.00

80.00 80.00

75.00 75.00

17/05/2021 15.28.24 6
BUMI’s Operational highlights
Q1-20 Q2-20 Q3-20 Q4-20 FY-20 FY-19
Var
Actual Actual Actual Actual Actual Actual
KPC
Overburden mbcm 135.1 127.2 131.5 129.5 523.2 531.2 -2%
Strip ratio bcm/tmined 9.1 8.8 8.8 8.5 8.8 8.7 0%
Coal Mined mt 14.9 14.5 15.0 15.3 59.7 60.8 -2%
Coal Sales mt 15.2 14.3 14.8 15.8 60.2 61.8 -3%
1 $/t 53.2 49.1 43.8 44.2 47.5 56.1 -15%
FOB Prices
2a mt 1.8 1.9 2.1 1.4 1.4 2.2 -34%
Inventory

ARUTMIN
Overburden mbcm 33.7 30.7 22.4 16.4 103.1 125.1 -18%
Strip ratio bcm/tmined 5.7 5.4 4.9 3.2 4.8 4.9 -2%
Coal Mined mt 5.9 5.7 4.6 5.2 21.4 25.5 -16%
Coal Sales mt 6.3 5.3 4.0 5.6 21.3 25.9 -18%
1
FOB Prices $/t 39.1 32.6 33.8 32.7 34.8 41.1 -15%
Inventory2b mt 0.5 0.8 1.2 0.8 0.8 1.0 -21%

COMBINED
Overburden mbcm 168.8 157.8 153.9 145.8 626.3 656.3 -5%
Strip ratio bcm/tmined 8.1 7.8 7.8 7.1 7.7 7.6 2%
Coal Mined mt 20.8 20.2 19.6 20.4 81.1 86.3 -6%
Coal Sales mt 21.5 19.7 18.9 21.4 81.5 87.7 -7%
1
FOB Prices $/t 49.0 44.6 41.6 41.2 44.2 51.7 -14%
2 mt 2.3 2.7 3.3 2.2 2.2 3.2 -30%
Inventory

(100% Consolidated) 1. Subject to reconcilliation process. 2b. Loss due to washing at Senakin mine.
17/05/2021 15.28.24 2a. Excluding inpit inventory. 7
BUMI’s Operational Performance
Coal mined decreased due to effect of COVID 19.

(in mn bcm) (in mt)


5%
6%
BUMI
656.3 BUMI BUMI
626.3 86.3 BUMI
81.1

KPC KPC
531.2 KPC 60.8 KPC
523.2 59.7

AI AI
AI AI 25.5 21.4
125.1 103.1

FY-19A FY-20A FY-19A FY-20A

* 100% Consolidated

17/05/2021 15.28.23 8
BUMI’s Operational Performance
Lower coal demand reduced coal sales.

(in mt) (bcm/t)

7%
2%
BUMI
87.7 BUMI BUMI
BUMI 7.7
81.5
7.6

KPC
61.8 KPC KPC KPC
60.2 8.7 8.8

AI
AI AI AI
25.9
21.3 4.9 4.8

FY-19A FY-20A FY-19A FY-20A

* 100% Consolidated

17/05/2021 15.28.23 9
BUMI’s Operational Performance
Production cost was lower due to low oil prices and positive negotiations with
contractors and suppliers.

(USD/t) (USD/t)
11% 14%

BUMI
BUMI 51.7
34.7 BUMI BUMI
KPC 30.8 KPC
44.2
36.9 56.1
KPC KPC
33.1 47.5

AI AI
29.6 AI AI
41.1
24.6 34.8

FY-19A FY-20A FY-19A FY-20A

* 100% Consolidated

17/05/2021 15.28.23 10
COAL COMPANIES RECEIVABLES
- ARUTMIN:PLN, SMI & ANTAM
- KPC: PLN

160.0 151.9 151.9

140.0
117.4
Expressed in Million USD

120.0
92.9
100.0

80.0 64.3
60.0

40.0
16.6 16.1
20.0 5.0 7.6
2.0
-
31 Dec 19 31 Mar 20 30 Jun 20 30 Sep 20 Dec 20
COAL COMPANIES RECEIVABLES
AI 70.7 64.8 73.3 48.4 43.5
KPC 81.2 87.1 44.1 44.5 20.9
TOTAL 151.9 151.9 117.4 92.9 64.3
Over 90 days
AI 0.4 6.6 12.9 0.6 16.1
KPC 4.6 1.0 3.7 1.5 -
TOTAL 5.0 7.6 16.6 2.0 16.1
Notes:
1. Start from June 2020, Arutmin receivables including Antam & SMI. 4. December 2020 receivables increased as VAT was allowed to be charged
2. KPC Dec 20 is balance of 3 January 21. under PT Arutmin’s IUPK license on domestic sales. Domestic customers
3. AI Dec 20 is balance of 6 January 21. were disputing this in Dec 2020. The situation has now been clarified and
17/05/2021 15.28.23 payments have now been received. 11
BUMI’s Average Selling Prices (ASP)
Weighted Average Selling Prices

(in US$ per ton) 2017 2018 2019 2020

ASPs (exc. Ecocoal) $ 67.5 $ 69.4 $ 58.8 $ 48.7

Ecocoal $ 33.5 $ 33.4 $ 33.4 $ 27.7

ASPs KPC+AI $ 58.0 $ 59.2 $ 51.7 $ 44.2

Note:
• Average Selling Prices is based on FOB price excluding government royalty.

17/05/2021 15.28.23 12
BUMI’s Production Cost (US$/t)
• Calculated by dividing the production costs with the companies’ coal mined.
• Including Accrued expenses in current period.
• D&A, Royalty, Freight, Inventory Movement and Commission not included.

Production cost remains under control.

(in US$ per ton) 2017 2018 2019 2020

AI $ 26.5 $ 30.3 $ 29.6 $ 24.6

KPC $ 33.5 $ 37.3 $ 36.9 $ 33.1

BUMI $ 31.4 $ 35.1 $ 34.7 $ 30.8

17/05/2021 15.28.23 13
Production Costs - 100% Basis
Cost of Goods Sold/Tonnage
FY-20 production costs overall were down compare to FY-19 due to low oil prices and positive negotiations
with contractors and suppliers.
FY-19 FY-20 Var of Q1-20 Q2-20 Q3-20 Q4-20
Descriptions US$/Coal US$/Coal US$/Coal US$/Coal US$/Coal US$/Coal US$/Coal
US$/OB US$/OB % US$/OB US$/OB US$/OB US$/OB
mined mined mined mined mined mined mined

Arutmin 29.6 6.0 24.6 5.1 (5.0) -17% 29.7 5.2 24.1 4.5 26.0 5.3 17.9 5.7

KPC 36.9 4.2 33.1 3.8 (3.8) -10% 36.2 4.0 32.8 3.7 32.0 3.7 31.5 3.7

Grand Total (KPC & AI) 34.7 4.6 30.8 4.0 (3.9) -11% 34.3 4.2 30.3 3.9 30.6 3.9 28.0 3.9

Note:
1. D&A, Royalty, Freight, Inventory Movement and Commission not included.
2. Including Accrued expenses in current period.

17/05/2021 15.28.23 14
Fuel Prices

$/Lt
1.20

1.00

0.77
0.80 0.73
0.66
0.60 0.60 0.58 0.59 0.60
0.60 0.56
0.50
0.46
0.43
0.40

0.20

0.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2020

17/05/2021 15.28.23 15
Bumi’s Financial Highlights
Current Reporting Standards
In million US$
STATEMENTS OF PROFIT OR LOSS STATEMENTS OF FINANCIAL POSITION
FY-2020 FY-2019** % Dec 2020 Dec 2019** %

Revenue 790.4 1,112.6 -29%


Cost of Revenue (698.5) (1,007.5) -31% Current Assets 397.4 454.0 -12%
Gross Profit 91.9 105.1 -13%
Non-Current Assets 3,031.2 3,157.9 -4%
Operating Income 28.5 32.4 -12%
Total Assets 3,428.6 3,611.9 -5%
Interest Expense (222.5) (147.3) 51%
Other Income / (Expense) (128.4) 95.9 -234% Current Liabilities 1,298.7 1,172.8 11%
Income Tax (14.9) 28.5 -152% Non-Current Liabilities 1,997.2 2,020.0 -1%

Net Income (Loss) Attributable to: Total Liabilities 3,295.9 3,192.9 3%


*Owners of The Parent (338.0) 6.8 -5042%
Equity - Net 132.6 419.1 -68%
Non-controlling Interest 0.7 2.6 -74%
Net Income (Loss) (337.4) 9.5 -3662% Total Liabilities & Equity 3,428.6 3,611.9 -5%

• Reported Net Profit of PT Bumi Resources, Tbk.


• **Restated and Reclassification (restatement on subsidiary - BRMS).

17/05/2021 15.28.23 16
Bumi’s Financial Highlights
Consolidated (100% KPC & Arutmin)
In million US$
STATEMENTS OF PROFIT OR LOSS STATEMENTS OF FINANCIAL POSITION
FY-2020 FY-2019** % Dec 2020 Dec 2019** %

Revenue 3,680.8 4,653.7 -21%


Cost of Revenue (3,245.2) (4,003.7) -19% Current Assets 937.1 998.8 -6%
Gross Profit 435.6 649.9 -33%
Non-Current Assets 3,469.3 3,381.1 3%
Operating Income 230.3 423.8 -46%
Total Assets 4,406.4 4,379.9 1%
Interest Expense (243.6) (153.9) 58%
Other Income / (Expense) (179.2) (9.2) 1840% Current Liabilities 2,172.5 1,818.7 19%
Income Tax (101.4) (157.5) -36% Non-Current Liabilities 2,002.4 1,928.2 4%

Net Income (Loss) Attributable to: Total Liabilities 4,174.9 3,746.9 11%
*Owners of The Parent (338.0) 6.8 -5042%
Equity - Net 231.5 633.0 -63%
Non-controlling Interest 44.1 96.3 -54%
Net Income (Loss) (293.9) 103.1 -385% Total Liabilities & Equity 4,406.4 4,379.9 1%

• Reported Net Profit of PT Bumi Resources, Tbk.


• **Restated and Reclassification (restatement on subsidiary - BRMS).

17/05/2021 15.28.23 17
Bumi’s Financial Highlights
Consolidated (100% KPC & Arutmin)
In million US$
STATEMENTS OF PROFIT OR LOSS STATEMENTS OF FINANCIAL POSITION
Q4-2020 Q4-2019** % Dec 2020 Dec 2019** %

Revenue 906.9 1,240.1 -27%


Cost of Revenue (777.2) (1,187.1) -35% Current Assets 937.1 998.8 -6%
Gross Profit 129.7 53.0 145%
Non-Current Assets 3,469.3 3,381.1 3%
Operating Income (Loss) 73.4 (3.7) -2058%
Total Assets 4,406.4 4,379.9 1%
Interest Expense (61.0) (22.3) 174%
Other Income / (Expense) (166.5) (22.0) 657% Current Liabilities 2,172.5 1,818.7 19%
Income Tax (45.7) (20.3) 126%
Non-Current Liabilities 2,002.4 1,928.2 4%

Net Income (Loss) Attributable to: Total Liabilities 4,174.9 3,746.9 11%
*Owners of The Parent (200.8) (69.2) 190%
Equity - Net 231.5 633.0 -63%
Non-controlling Interest 1.0 0.9 7%
Net Loss (199.8) (68.3) 193% Total Liabilities & Equity 4,406.4 4,379.9 1%

• Reported Net Profit of PT Bumi Resources, Tbk.


• **Restated and Reclassification (restatement on subsidiary - BRMS).

17/05/2021 15.28.23 18
Bumi’s Financial Highlights
Consolidated and Current Reporting Standards
In million US$
STATEMENTS OF PROFIT OR LOSS STATEMENTS OF FINANCIAL POSITION
FY-2020 Dec 2020
Current Current Reporting
Consolidated
Consolidated Reporting Standards
Standards

Revenue 3,680.8 790.4 Current Assets 937.1 397.4


Cost of Revenue (3,245.2) (698.5)
Non-Current Assets 3,469.3 3,031.2
Gross Profit 435.6 91.9
Operating Income 230.3 28.5 Total Assets 4,406.4 3,428.6

Interest Expense (243.6) (222.5) Current Liabilities 2,172.5 1,298.7


Other Income / (Expense) (179.2) (128.4)
Non-Current Liabilities 2,002.4 1,997.2
Income Tax (101.4) (14.9)
Total Liabilities 4,174.9 3,295.9
Net Income (Loss) Attributable to:
Equity - Net 231.5 132.6
*Owners of The Parent (338.0) (338.0)
Non-controlling Interest 44.1 0.7 Total Liabilities & Equity 4,406.4 3,428.6
Net Loss (293.9) (337.4)

• Reported Net Profit of PT Bumi Resources, Tbk.


.Notes:
CRS: Arutmin is consolidated from 01 Jan 2018, KPC equity accounted.
Consolidated: Includes 100% KPC & Arutmin.

17/05/2021 15.28.23 19
Consolidated: Performance at a Glance

Revenue USD 3,680.8 million vs USD 4,653.7 million or decreased by 21%

Cost of Revenue USD 3,245.2 million vs USD 4,003.7 million or decreased by 19%

Gross Profit USD 435.6 million vs USD 649.9 million or decreased by 33%

Operating Expenses USD 205.3 million vs USD 226.1 million or decreased by 9%

Operating Income USD 230.3 million vs USD 423.8 million or decreased by 46%

Operating Margin (% to revenue) 6.3% vs 9.1%

Income (Loss) Before Tax


USD (192.5)million vs USD 260.7 million, decreased by 174%

decreased by 385% to USD (293.9)million vs USD 103.1 million, or


Income (Loss) For The Period
decreased by USD 397.0 million

Net Income (Loss) Attributable to decreased by 5042% to USD (338.0)million compared with USD 6.8
Owners of The Parent million, or decreased by USD 344.9 million

• **Restated and Reclassification (restatement on subsidiary - BRMS).

17/05/2021 15.28.23 20
Bumi’s Financial Highlights
EBITDA down due to falling coal prices.

(US$ Mn) (US$ Mn)

68%
419.1 4%

340.4
327.3

132.6

Dec 31, 2019 Dec 31, 2020 Dec 31, 2019 Dec 31, 2020
• 12 months period
• Restated and Reclassification in 2019 • Start 2020, company has implemented PSAK 73.
(restatement on subsidiary - BRMS). • PSAK 73 effect on Dec 31, 2020 LTM EBITDA on proportionate basis
was $101.5 Mn.

17/05/2021 15.28.23 21
BUMI’s CONSOLIDATED EBITDA

Over $616 mn in LTM EBITDA generated by coal companies on 100% basis.


(US$ Mn)
100% Basis Proportionate
Description Q1-20 Q2-20 Q3-20 Q4-20 FY-20 Q1-20 Q2-20 Q3-20 Q4-20 FY-20
KPC (51%) 154.4 144.4 116.3 123.0 538.0 78.7 73.6 59.3 62.7 274.4
AI (90%) 15.8 9.4 (1.1) 54.7 78.8 14.2 8.4 (1.0) 49.2 70.9
BUMI (5.1) (3.7) (3.6) (5.6) (18.0) (5.1) (3.7) (3.6) (5.6) (18.0)
Consolidated 165.0 150.0 111.6 172.1 598.8 87.8 78.3 54.8 106.4 327.3

1. EBITDA calculation already adopted PSAK 73 under new accounting standard.


2. Depreciation related to adopted PSAK 73 on 100% basis as below:
Description Q1-20 Q2-20 Q3-20 Q4-20 FY-20
KPC 46.93 45.59 47.32 48.30 188.14
AI 0.04 0.02 0.03 6.06 6.16

17/05/2021 15.28.23 22
BUMI Stand-alone
Cash Balance and Debt

(US$ Mn) (US$ Mn)

8%
20.5
15.9Mn

BUMI
BUMI 1,997.6
1,846.8

4.6

Dec 31, 2019 Dec 31, 2020 Dec 31, 2019 Dec 31, 2020

CASH DEBT

• Excluding Gallo’s deposit. • Including deemed interest and capitalized


interest Tranche A, B, C and OWK.

17/05/2021 15.28.23 23
BUMI Indebtedness
As of 31 December 2020
Expressed in US$ Mn Principal Principal
payment/ payment/
Effective date Capitalized OWK's conversion Balance at Capitalized OWK's conversion Balance at
11 Dec 17 interest and Amortization 31 Dec 20 interest and Amortization 8 Jan 21

LIABILITIES
Tranche A 595.5 3.7 (195.8) 403.4 2.3 - 405.7
Tranche B 637.9 161.8 - 799.7 14.6 - 814.3
Tranche C 440.0 113.6 - 553.5 25.5 - 579.0
1,673.4 279.1 (195.8) 1,756.7 42.4 - 1,799.1

CVR 100.0 - - 100.0 - - 100.0


3 3
OWK's Deemed & Capitalized Interest 19.6 121.4 - 141.0 - - 141.0

1,793.0 400.5 (195.8) 1,997.6 42.4 - 2,040.0

4
OWK Principal 639.0 - (37.2) 601.8 - - 601.8

Notes:
1. Innovate's MCB balance at 8 Jan 2021 was USD563 Mn.
2. Repayment profile dependent on COVID 19 economic effect.
3. Including Q4 capitalized interest of OWK amounted USD10.9 Mn.
4. Not include conversion requests after 11 December 2020.
5. Following the reset of the conversion price to Rp73 on 11th December we have received, as of 29th April, $208.8m of MCB conversion requests.
$33.3m has been settled with shares on 19 Jan 20, the balance will be settled once Shareholder approval has been obtained to issue additional shares.

17/05/2021 15.28.23 24
ESG Data - December 2020

17/05/2021 15.28.25 25
PT KALTIM PRIMA COAL

17/05/2021 15.28.25 26
KPC’s Financial Highlights

(US$ Mn) (US$ Mn) (US$ Mn)


18% 37%
48%
3,541.1 544.9
391.5
2,890.4
343.7
201.8

FY-19A FY-20A FY-19A FY-20A FY-19A FY-20A

(US$ Mn) (US$ Mn)


53% 1%
187.4 535.3 538.0

87.3

FY-19A FY-20A Dec 31, 2019 Dec 31, 2020

* 12 months period
17/05/2021 15.28.23 27
KPC’s Operational Highlights

(mbcm) (mt) (bcm/t)


2% 2% 0.2%
531.2 60.8 8.8
523.2 8.7
59.7

FY-19A FY-20A FY-19A FY-20A FY-19A FY-20A

(mt) (USD/t) (USD/t)


3% 10%
15%
61.8 36.9
60.2 56.1
33.1
47.5

FY-19A FY-20A FY-19A FY-20A FY-19A FY-20A

17/05/2021 15.28.23 28
KPC’s PLN Receivables
100.0

87.1
90.0
81.2
80.0
Expressed in Million USD

70.0

60.0

50.0 44.1 44.5

40.0

30.0
20.9
20.0

10.0 4.6 3.7


1.0 1.5 -
-
31 Dec 19 31 Mar 20 30 Jun 20 30 Sep 20 3 Jan 21
Over 90 days 4.6 1.0 3.7 1.5 -
Total Receivables 81.2 87.1 44.1 44.5 20.9

17/05/2021 15.28.23 29
PT ARUTMIN INDONESIA

17/05/2021 15.28.25 30
Arutmin’s Financial Highlights

(US$ Mn) (US$ Mn) (US$ Mn)


29%
1,108.1
15%
782.1 13%
100.6
85.9 55.2
47.9

FY-19A FY-20A FY-19A FY-20A FY-19A FY-20A

(US$ Mn) (US$ Mn)

20%
197%
98.7
19.1
78.8

(18.5)

FY-19A FY-20A Dec 31, 2019 Dec 31, 2020

* 12 months period

17/05/2021 15.28.23 31
Arutmin’s Operational Highlights

(mbcm) (mt) (bcm/t)


18% 16% 2%

25.5 4.9
125.1
103.1 21.4 4.8

FY-19A FY-20A FY-19A FY-20A FY-19A FY-20A

(mt) (USD/t) (USD/t)


18% 15% 17%
29.6
25.9 41.1
21.3 34.8 24.6

FY-19A FY-20A FY-19A FY-20A FY-19A FY-20A

17/05/2021 15.28.23 32
Arutmin’s Receivables
80.0
73.3
70.7
70.0 64.8

60.0
Expressed in Million USD

48.4
50.0
43.5

40.0

30.0

20.0 16.1
12.9

10.0 6.6

0.4 0.6
-
31 Dec 19 31 Mar 20 30 Jun 20 30 Sep 20 6 Jan 21
Over 90 days 0.4 6.6 12.9 0.6 16.1
Total Receivables 70.7 64.8 73.3 48.4 43.5

*Start from June 2020, Arutmin receivables including Antam & SMI.

17/05/2021 15.28.23 33

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