PT BUMI RESOURCES Tbk

WORLD CLASS ENERGY OPERATOR

PT
PT
BUMI
BUMI
RESOURCES Tbk
RESOURCES Tbk
WORLD CLASS ENERGY OPERATOR
WORLD CLASS ENERGY OPERATOR
www.bumiresources.com
Analyst Briefing
Analyst Briefing

First Half 2007 Performance

First Half 2007 Performance
J akarta, 23 August 2007
J akarta, 23 August 2007
2
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.
3
Agenda
Thermal Coal Market
Introduction
Financial Highlights
Updates
Key Business Strengths
Business and Operational Overview
Questions & Answers
PT Kaltim Prima Coal & PT Arutmin Indonesia Profiles
4
Background
Bumi is a leading Indonesian-based resource company, engaged in mining, oil
and gas and energy
Ranked 8
th
largest on the Jakarta Stock Exchange
market cap of USD 5.0 billion
Bumis coal mining operations are conducted by its two mining subsidiaries,
KPC and Arutmin, located in East and South Kalimantan, respectively, and
geographically ideally located to serve important markets in the whole of Asia,
Europe and South America. KPC and Arutmin use open cut mining and have
captive coal processing facilities including dedicated off loading coal terminals
and port facilities.
KPC and Arutmin together command a dominant 30% market share of
Indonesia coal production, and is the second largest thermal coal exporter
globally. Moreover, KPCs mine is the largest export coal mine in the world.
Bumi is balancing its business portfolio and revenue mix into other resources,
such as copper, gold and iron ore in the medium term.
5
Structure of Ownership in Subsidiaries
Sangatta
Holdings
Kalimantan
Coal
Sitrade
Coal
Non Coal
Companies
99%
Forerunner
KPC Arutmin
IndoCoal
Resources
Coal Companies
BUMI RESOURCES
100% 100%
100%
9.5% 9.5% 32.4%
13.6%
Gallo Oil (Jersey) oil mining
Citra Palu Mineral gold
mining
Bumi Japan marketing
services
Others Bumi Mauritania (Iron
One)
70%
70%
Gorontalo Mineral gold &
copper mining
Gallo Oil (Jersey) oil mining
Citra Palu Mineral gold
mining
100%
60%
100%
80%
99.9%
* *
* *Tata Power Company, India have 30% stakes since 27 J une 2007 Tata Power Company, India have 30% stakes since 27 J une 2007 Westside Corporation Coal
Bed Methane
27.5%
6
Agenda
Thermal Coal Market
7
International Coal Market Dynamics
Source: Mc Closkey
Source: 1999-2003 Source: AME Mineral Economics Pty Ltd - Export Coal 2003
(March 2003) and Thermal Coal Outlook (J an/Feb 2004). 2015-2025 source: EIA
Indonesia is the worlds largest thermal coal exporter ahead of Australia and South Africa
Bumi is the second largest thermal coal exporter globally
Demand supply balance is tightening due to China and India factors
Supply constraints in Australia and Russia due to infrastructure issues
0
100
200
300
400
500
600
700
2
0
0
7
2
0
0
8
2
0
0
9
2
0
1
0
2
0
1
1
2
0
1
2
2
0
1
3
2
0
1
4
2
0
1
5
2
0
1
6
2
0
1
7
2
0
1
8
2
0
1
9
2
0
2
0
Asia - Big 3 Atlantic Other Countries
million tonnes
International Thermal Coal Demand
International Thermal Coal Supply
million tonnes
0
100
200
300
400
500
600
700
Australia South Africa Indonesia
South America China Former Soviet Union
Poland United States Canada
1999 2003 2015
352
480
631
2025
693
22.5%
17.9%
5.1%
9.2%
14.4%
21.7%
14.3%
5.8%
17.4%
16.3%
17.7%
22.3%
14.0%
10.3%
14.3%
16.0%
20.0%
23.9%
13.3%
9.9%
13.5%
18.2%
19.8%
17.1%
*Does not reflect withdrawal of Chinese Exports due
domestic demand supply gap
* *
* *
#
Excludes additional 100 MTA demand from
New Power Projects in India
# #
# * Company analysts comments
8
Thermal Coal Pricing Dynamics
Facts:
Growth of economies across the world, in
particular in China and India have put
demand pressure on virtually all
commodities, with a dramatic tightening in
the coal supply/demand balance
Demand is expected to be driven by India,
North Asia and supported by reducing
exports from China
In the European markets, the API-4 index
is expected to stay above 2006 levels
The swap curve for coal in Atlantic and Pacific markets are currently in contango
with forward prices for API indices and Newcastle (Pacific delivery) both above
current spot prices
Historical Cal 08
API2, API4 and Newc.
$45.00
$50.00
$55.00
$60.00
$65.00
$70.00
$75.00
$80.00
J
a
n
-
0
6
F
e
b
-
0
6
M
a
r
-
0
6
A
p
r
-
0
6
M
a
y
-
0
6
J
u
n
-
0
6
J
u
l
-
0
6
A
u
g
-
0
6
S
e
p
-
0
6
O
c
t
-
0
6
N
o
v
-
0
6
D
e
c
-
0
6
J
a
n
-
0
7
F
e
b
-
0
7
M
a
r
-
0
7
A
p
r
-
0
7
M
a
y
-
0
7
J
u
n
-
0
7
J
u
l
-
0
7
Source: Source: Tullet Tullet Prebon Prebon
9
Indonesian Coal Market Dynamics
Major importers of Indonesian coal are J apan,
Taiwan, South Korea, India and Hong Kong
Increasingly, global coal demand will be driven
by Chinas reducing supply of coal for export
J apan accounts for 23% of Indonesian coal
exports. This proportion is slowly reducing as
Indonesia expands sales to other countries
although the absolute amount is increasing.
Indonesian coal suppliers have had
considerable success in developing long term
contracts and sales with the power utilities in
the other North Asian countries
Taipower (Taiwan) has long term contracts
with Indonesian suppliers for 7.0 Mtpa, and
a further 78 Mt was supplied under short
term tenders
J apan customers have long-term contracts
with Bumi
Indonesian export coal demand is expected to be robust since coal demand far
outstrips supply fueled by the strong coal demand from India ( additional 100
MTA by 2010 ) and Japan and reducing supply from China.
PLN Indonesia demand increasing. (+20 MTA by 2010) with 10 million ton per
annum from Bumi
Indonesia Coal Production & Sales
million tonnes
2000 2001 2002 2003 2004 2005
Japan
Taiwan
South Korea
Other Asia
Europe
Others
Coal Export Destination
Source: Ministry of Energy & Mineral Resources (except data for KPC & Arutmin)
0
40
80
120
160
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Do mes t i c Sal es Expo r t Sal es
P r o duc t i o n
10
Agenda
Key Business Strengths
11
Most Strategic Asian Coal Assets
By far largest producer and exporter of coal in Indonesia
Top three largest thermal coal exporters globally
Has ability to capitalize on size and scale to realize economies of scale and better pricing terms
Sold 44.4 million tons of coal in 2005
Sold 50.0 million tons of coal in 2006
Sold 28.4 million tons of coal in 1
st
Half 2007
Source: MEMR, Indonesia Coal & Power J ournal
KPC and Arutmin has the ability to capitalize on their size and scale to realize
significant economies of scale in mining and transportation costs, and pricing
terms
2006 Indonesian Coal Production 2006 Indonesian Coal Exports
Source: Ministry of Energy and Mineral Resources (MEMR)
35.3
15.3
KPC AI
KPC+AI Adaro Kideco Berau Bukit Asam
Total Coal Production in 2006: 175.8 Mt
50.6
34.5
18.9
10.6
8.7 33.7
13.5
KPC AI
KPC+AI Adaro Kideco
Berau Bukit Asam
Total Coal Exports in 2006: 146.9 Mt
47.2
24.1
18.6
6.7
2.8
19.3
Banpu
Banpu
10.9
12
Bumis Coal Reserves & Resources exceed 7 billion tons
Proven and Probable Recoverable Reserves Resources
431
164
152
11
36
21
5
18
6
190
1
52
Proven Probable
Sangatta Bengalon Senakin Satui Batulicin Mulia-
AsamAsam
1,087
Proven Marketable Marketable 815MT 815MT
Proven and Probable Marketable Marketable 1,087MT
341
282
1,286
490
706
3,020
Sangatta Bengalon Senakin Satui Batulicin Mulia-
AsamAsam
Measured Indicated Inferred
Total Resources 6,124MT
Large Reserve and Resource base of over 7 billion tonnes
60MT to 90MT by 2010
Capex US$300 million for expansion
New expansion coal sales to new market (India, PLN, etc.)
New off taking on take or pay contracts long term
Coal will continue to dominate revenue over long term
Source: MineConsult Report Dec 2005
Total Resources and Reserves = 7,211 MT Total Resources and Reserves = 7,211 MT
13
Low Cost Coal Producer
Proximity to Market
Benefit from low labor and handling costs and
favorable terms with mining contractors
Own 2 dedicated international deep sea ports,
3 barge ports and 1 floating transfer stations,
with access to 2 floating cranes
Advantageous location
- Close to the coast
Flexibility
- 14 mining areas
Proximity to market
- Nearer to Asian markets than Australian
producers
- Estimated positive freight differential
between US$5 -12 / ton
China
India
Thailand Thailand
Malaysia Malaysia
Hong Hong- -Kong Kong
Indonesia Indonesia
Philippines Philippines
Taiwan
Japan Japan
Singapore Singapore
S. Korea S. Korea
Australia
S
o
u
th
A
f
r
ic
a
S
o
u
th
A
f
r
ic
a
M
id
d
le
E
a
s
t
a
n
d

E
u
r
o
p
e
A
m
e
r
ic
a
s
A
m
e
r
ic
a
s
Supply Supply
Demand Demand
Kalimantan Kalimantan
Low cost base attributable to market proximity, low operational cost and
dedicated facilities supported by favorable agreements with mining contractors
KPC:
- Sangatta ~ 13 km
- Bengalon ~ 20 km
Arutmin:
- Senakin ~ 14 km
- Satui ~ 24 km
- Mulia / Asam Asam ~ 15 km
- Batulicin ~ 60 km
Distance from ROM to Port
14
Started Production at Bengalon and Bendili
New Reserves opened for 262 million tons
More than 98MT of average 6,612CV (Prima quality) marketable reserves
Low strip ratio of 11x going forward
Ability to produce at a rapid rate of 8Mt
Secures KPC production of high margin, high CV coal for the next 15 years
Bendili
More than 164MT of average 5,575 CV (Pinang and Melawan quality) marketable
reserves
Development now complete, with a dedicated coal chain and port facility separate
to that of Sangatta
Forward average strip ratio of 8.1x with current capacity to reach production of 9Mt
in 2007
Annualized production of 8.5Mt already achieved
Bengalon
Mine development of Bendili and Bengalon is complete,
Current capacity to produce over 100 MTA of high CV product over next 8 years
15
Stable and Established Concession Structure
Key Provisions of CCOW
A First Generation CCOW has lex specialis status, with provisions contained therein, being above
general Indonesian Law
In event any provision(s) under First Generation CCOW conflict with general Indonesian Law,
provision(s) under First Generation CCOW will prevail
International jurisdiction dispute arbitration if no agreement reached
First Generation CCOW provides protection and legal certainty for KPC and Arutmin over mine rights
First Generation CCOW framework has been in existence for nearly 25 years and performed unhindered
even during recent times of considerable political and economic turmoil in Indonesia
Exempt from all taxes not covered by First Generation CCOW, and entitled to offset any taxes levied
by other authorities
Requires an Act of Parliament to change any term of First Generation CCOW
KPC and Arutmin operates under a 30-year CCOW
KPC concession ends in 2021 (15 years)
Arutmins concession ends in 2019 (13 years)
}
}
can be extended
Pays substantial amount of taxes (royalty and income tax) to the Government of Indonesia
KPCs and Arutmins concessions have been granted under First Generation
CCOWs by the Government of Indonesia and have operated successfully over the
past 15 years
16
Agenda
Business and Operational Overview
17
Impressive Production Record A Most Reliable Supplier
Despite adverse global and local factors (including natural disasters) BUMIs
exports record remains completely unaffected. Bumi continues to expand its coal
operations, supported by its captive fleet and reliable mining contractors.
Steady Production Track Record
tonnes
Beginning of Asian
Financial Crisis Mexican
Peso Crisis
Fall of President
Suharto / May Riots
Fall of
President
Habibie
Sep 11
Terrorist
Attacks
Bali
Bombing
Tsunami
SARS / Iraq War /
Marriott Bombing
-
10.0
20.0
30.0
40.0
50.0
60.0
70.0
1995A 1996A 1997A 1998A 1999A 2000A 2001A 2002A 2003A 2004A 2005A 2006E 2007E
G
r
o
s
s

C
o
a
l

P
r
o
d
u
c
t
i
o
n

(
i
n

m
e
t
r
i
c

t
o
n
n
e
s
)
million
2003 to 2006 CAGR = 19.2%
Beginning of Asian
Financial Crisis
Fall of President
Suharto / May Riots
Fall of
President
Habibie
Sep 11
Terrorist
Attacks
Bali
Bombing
SARS / Iraq War /
Marriott Bombing
Lapindo
Mudflow
Earthquake
18
Growing Coal Production & Sales Volume
Bumi continues to expand its coal operations which are supported by its own
assets fleet and reliable mining contractors.
High quality customer base with internationally-recognized global marketing
partners. KPC and Arutmin, together market a wide variety of coal grades,
giving them the flexibility to blend coal to meet the diversity of customers
needs and demands.
Production (Coal Mined)
in million ton
2003 2004 2005 2006
29.9
37.1
45.0
53.5
Arutmin
KPC
Coal Sales Volume
in million ton
2003 2004 2005 2006
30.6
36.0
44.4
50.0
Arutmin
KPC
CAGR = 22% CAGR = 18%
19
Increasing Weighted Average Prices
Sales Destination
as of December 2006
Bumis weighted average selling price (FOB) increased to US$40.8/ton
in 2006 as compared to US$40.1/ton last year due improving the
contracted price.
Asian Countries
(72%)
~Power Generation
~Steel Mils & Others
European
Countries (18%)
~Power Generation
America & Other
Countries (10%)
~Power Generation
Weighted Average Prices
Note: Weighted Average Selling Price is based on FOB price befor Note: Weighted Average Selling Price is based on FOB price before the government royalty e the government royalty
2003 2004 2005 2006 H106 H107
25.9 $ 33.3 $ 43.9 $ 41.5 $ 41.0 $ 43.3 $
29.0 $ 39.5 $ 58.5 $ 57.9 $ 60.2 $ 57.0 $
26.1 $ 33.5 $ 46.6 $ 43.1 $ 42.3 $ 45.7 $
19.6 $ 28.1 $ 34.0 $ 31.1 $ 30.8 $ 33.1 $
23.4 $ 28.0 $ 33.6 $ 39.2 $ 39.7 $ 39.1 $
23.3 $ 27.9 $ 39.2 $ 42.1 $ 41.8 $ 47.6 $
23.8 $ 30.3 $ 40.9 $ 40.1 $ 41.8 $ 40.8 $
14.9 $ 19.6 $ 21.1 $ 22.4 $ 26.1 $ 21.2 $
23.7 $ 29.9 $ 29.3 $ 41.3 $ 38.6 $ 46.1 $
24.8 $ 31.2 $ 40.1 $ 40.8 $ 40.5 $ 42.0 $
20
Production Cash Costs - Reducing
Contractor
Mining (51%)
Fuel Costs (20%)
Maintenance (10%)
Labor costs (5%)
Equipment Lease,
Hire (3%)
Other materials (4%)
Others (7%)
Production cash costs in US$/ton
Fuel Price, Fuel Consumption & Strip Ratio
Note: Calculated by dividing the production cash costs with the companies coal
mined. 2005 figures has been normalized to exclude the pre-strip adjustment.
1,500
3,000
4,500
6,000
7,500
1
2
/
0
4
2
/
0
5
4
/
0
5
6
/
0
5
8
/
0
5
1
0
/
0
5
1
2
/
0
5
2
/
0
6
4
/
0
6
6
/
0
6
8
/
0
6
1
0
/
0
6
1
2
/
0
6
Indonesia Industry Fuel Price
Rp
Composition - As of Dec 31, 2006
KPC and Arutmin were hampered by a higher production cash costs primarily
due to increased fuel price (approximately +US$2/t) as well as unusual high rain
during the first semester.
FY04 FY05 FY06 H106 H107
Bumi 16.0 23.7 26.1 26.3 24.1
KPC 16.0 24.2 25.7 25.9 23.8
Arutmin 16.1 23.8 27.2 27 24.7
FY04 FY05 FY06 H106 H107
Fuel Price (US$)
0.16 0.36 0.57 0.54 0.54
Fuel Comsuption (lt/ bcm) 1.2 1.3 1.2 1.2 1.3
Strip Ratio 7x 9x 9x 10x 9x
21
Cost Reduction Initiatives - Undertaken
Re-allocated the operating areas of mining contractors and owner operate to
optimize equipment utilization across KPC and Arutmin
New conveyors being added in KPC to reduce fuel consumption on trucking
Build Coal Fired Power Stations (2x 15 MW) to eliminate diesel gensets &
reduce fuel consumption, considering feasibility of CBM to reduce costs
even further
Optimize the terms of payment and procurement of fuel and closely monitor/
control its consumption
Re-negotiate rates, terms & condition with mining contractors to optimize
mining costs
22
Agenda
PT Kaltim Prima Coal & PT Arutmin Indonesia Profiles
23
PT Kaltim Prima Coal
Project Summary
First full operational year : 1992 First full operational year : 1992
Originally a 50/50 joint venture between Rio Tinto and BP.
Sold to PT Bumi Resources and East Kutai Government in October of 2003.
COW up to 2021 with option to extend.
Employees : Employees :
- 3,338 Indonesians
- 22 Expatriates
- +14,800 Contractors
Coal Shipments : Coal Shipments :
-17.6 Mt (2002)
- 16.6 Mt (2003)
- 21.4 Mt (2004)
- 27.6 Mt (2005)
- 35.0 Mt (2006)
- 43.0 Mt (2007 Plan)
+35 Customers in 21 countries in Asia, Europe, and America.
24
PT Kaltim Prima Coal
Exploration
Lease Area 90,938 Ha
Drill Coverage 35,890 Ha
42%
Significant parts of the lease are still
unexplored
7 Exploration Drills are now working,
one more drill will be ready on fleet on
Dec 2006
Five-fold increase in Exploration
expenditure since 2003
Areas of Interest
Extension Pit J , Sangatta,
Melawan & Bengalon Areas
Potential for additional Prima
Reserves to North & East of
Pinang Dome
Large unexplored area between
Melawan & Bengalon
Additional Potential to North of
Bengalon
25
PT Kaltim Prima Coal
Coal Deposit
Pit A
51,3 JT @
5936
North Pinang
Series
136,5JT @ 5041
Pit B
113,8 JT @
5414
Harapan
South
7,9 JT @
6540
Big AB
23,1 JT @
6204
Pit J Series
61,8 JT @
6405
Bendili
104,6 JT @
6375
Belut /
Beruang
15,1 JT @
5317
Melawan
West
33,2 JT @
5221
Mustahil /
Khayal
40,5 JT @ 5244
Pelikan /
Kancil
105,1 JT @
5140
Awan / Peri
121,3 @
5698
Resources & Reserves (Mt)
As at 31 December 2005:
Recoverable Reserves
Total 815 Mt :
Sangatta 650
Bengalon 165
Measured & Indicated Resources (additional
to Reserves)
Total 3,726
Sangatta 3,020
Bengalon 706
Multiple clean coal seams with
unusually low levels of Ash and
Sulphur
Seam thickness varies from 0.5
metres to 15.0 metres
Different seams used directly
or blended to produce a range
GAR products
26
PT Kaltim Prima Coal
Coal Resources
Seams intersected in all bore holes within the lease are named and correlated.
Coal quality results for core samples are stored in the database.
Using all the bore hole data, a geological model is constructed.
Areas of influence are set around each borehole intersection for each seam based on the
distance limitations of:
Measured Resources: <500m
Indicated Resources: >500m <1,000m
Inferred Resources (<2,000m) are not reported by KPC in Reserves Statements
Volumes and tonnages are computed within these areas qualify as J ORC compliant coal
resources.
27
PT Kaltim Prima Coal
Coal Transportation and Loading Facilities
KPC has complete facilities to provide full coal mining and
transportation solutions
13 km Overland Conveyor
maximum rated capacity of
4,200 tph
Coal delivered in
approximately 25 minutes
Stockpile capacity of 1.2 Mt
Stacker capacity of 4,000
tph
Reclaim capacity of 4,700
tph
Ship Loading
Private International Port
2 km J etty
17.2 m draft deep water
berth at low tide
Load vessels up to 220,000
dwt.
Loading rate of 4,700 tph
Port Stockpile
Coal Transportation
to Loading Port
28
PT Kaltim Prima Coal
Coal Trans-shipment Facilities
Tanjung Bara Barge Loading
New 1000 tph facility
commissioned
Barges loaded to vessel at
Tanjung Bara anchorage
1 km sailing distance from
barge to vessel
Lubuk Tutung Barge Loading
2000 tph facility (1000 tph
ROM crushing)
Barges loaded to vessel at
Lubuk Tutung anchorage or at
FTS
Floating Transfer Station (FTS)
1000 tph floating loading
facility
Load up to Capesize vessels
Stationed at Lubuk Tutung
(Bengalon)
29
PT Kaltim Prima Coal
KPC Record, amongst the worlds safest mines
LTI & LTIFR
39
36
35 35
25
23
22
19
18
31
22
9
0.57
0.52
0.49
0.46
0.30
0.27
0.22
0.19
0.15
0.16
0.10
0.08
0
5
10
15
20
25
30
35
40
45
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 J un-07
N
o
.

o
f

L
T
I
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
L
T
I
F
R

(
p
e
r

2
0
0
,
0
0
0

M
a
n
h
o
u
r
)
LTI
LTIFR
Lost Time Injury (LTI) Lost Time Injury (LTI)
and and
Lost Time Injury Frequency Rate (LTIFR) Lost Time Injury Frequency Rate (LTIFR)
30
Mine rehabilitation
Mine acid water control
Suspended solids control
Hydrocarbon and waste management
Continuous Environmental Self Audit
Accredited to ISO14001 by SGS
Achieved Gold Rating for previous 6 consecutive years
Best Mine Rehabilitation Award from Minister of Mines and
Energy
PT Kaltim Prima Coal
KPC Enviromental Management
31
PT Kaltim Prima Coal
KPC Industrial and Community Relations
KPC enjoys and maintains good
relationships with our workforce
and trade unions
KPC actively provides assistance to
the local East Kutai communities
To date over 18 Million USD has
been provided to Regional and
Community Development Programs
and Bumi ResourceS has committed
to provide 5 Million USD annually in
ongoing Community Development
Funds and Resources
Community Development Community Development
32
PT Kaltim Prima Coal
5 Year Rain Fall vs Production
-
50
100
150
200
250
300
350
400
450
500
J an-02 Apr-02 J ul-02 Oct-02 J an-03 Apr-03 J ul-03 Oct-03 J an-04 Apr-04 J ul-04 Oct-04 J an-05 Apr-05 J ul-05 Oct-05 J an-06 Apr-06 J ul-06 Oct-06 J an-07 Apr-07
R
a
i
n
F
a
l
l
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
O
B

R
e
m
o
v
e
d
OB Removed Rain Fall
33
PT Kaltim Prima Coal
Rain Fall vs Delay vs Production
-
50
100
150
200
250
300
350
J an-06 Feb-06 Mar-06 Apr-06 May-06 J un-06 J ul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 J an-07 Feb-07 Mar-07 Apr-07 May-07 J un-07
R
a
i
n
F
a
l
l
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
O
B

R
e
m
o
v
e
d
/
D
e
l
a
y

H
o
u
r
s
OB Removed Delay Hours Rain Fall
J an 07 total equipment delay hours due to rain was 3 422 hrs
34
PT Kaltim Prima Coal
Rain Fall vs Average Delay per day
4.64
4.11
2.41
3.67
3.29
4.87
0.65
1.31
1.28
0.47
1.34
3.30
5.42
2.84
2.74
2.33
3.71
3.12
-
50
100
150
200
250
300
350
J an-06 Feb-06 Mar-06 Apr-06 May-06 J un-06 J ul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 J an-07 Feb-07 Mar-07 Apr-07 May-07 J un-07
R
a
i
n
F
a
l
l
-
1.00
2.00
3.00
4.00
5.00
6.00
A
v
e
r
a
g
e

R
a
i
n

D
e
l
a
y

p
e
r

u
n
i
t

p
e
r

d
a
y
Actual Plan Rain Fall
35
1981 : PTAI was established and signed Coal Contract of Work
1982-1989 : Exploration Phase
1989 : Commercial Production Commenced At Senakin Mine
1990 : Commercial Production Commenced At Satui Mine
1994 : Construction of North Pulau Laut Coal Terminal Was Completed
1999 : Commercial Production Commenced At Mulia Mine
2001 : BUMI Resources acquired BHP Billiton stake in PTAI
2003 : Commercial Production Commenced At Batulicin Mine
2004 : Underground Mine Development At Satui Mine was started
PT Arutmin Indonesia
Milestone
36
PT Arutmin Indonesia
Project Summary
First full operational year: 1989
Originally a joint venture between Atlantic Richfield Company & Utah Exploration
which was later acquired by BHP Billiton.
Employees: 7.297 employees
Coal Shipments: 10.2 Mt (2002)
14.0 Mt (2003)
14.6 Mt (2004)
16.9 Mt (2005)
15.0 Mt (2006)
18.1 Mt (2007 Plan)
CAGR = 12%
+35 Customers in 21 countries in Asia, Europe, and America
37
PT Arutmin Indonesia
Coal Resource & Reserve December 2005
Recoverable Reserves Recoverable Reserves
Total 301 MT Total 301 MT
Senakin Senakin 26 MT 26 MT
Satui Satui 54 MT 54 MT
Batulicin Batulicin 17 MT 17 MT
Mulia Mulia Asam Asam- -asam asam204 MT 204 MT
Measured & Indicated Resources (additional to Reserves) Measured & Indicated Resources (additional to Reserves)
Total 2,399 MT
Senakin 341 MT
Satui 282 MT
Batulicin 490 MT
Mulia Asam-asam1,286 MT
38
2 Ports Load Out at Senakin @ 1,500 tph.
1 Port Load Out at Satui @ 3,000 tph.
10 Self Discharging Barges
Flat Top Barges ready for transshipment
North Pulau Laut Coal Terminal (NPLCT) :
Designed for big size ship (Handymax untill Cape size).
Stockpile Capacity 600,000 ton.
Ship loading Capacity 1.1 million ton/month.
Over requirement will be loaded by direct barging and
transhipment.
PT Arutmin Indonesia
Coal Port
39
PT Arutmin Indonesia
Reclamation Sequence
RECONTOURING
TOP SOILING
PLANTATION
0.5 1 YEARS
2 YEARS
5
YEAR
S
3 YEARS
40
PT Arutmin Indonesia
Community Development
COMMUNITY DEVELOPMENT TARGET :
- Education
- Economic
- Infrastructure
- Health
- Social/Culture
- Donation
41
PT Arutmin Indonesia
Enviromental Management and Monitoring
- Water Treatment
- Dust Treatment
- Hazardous Material
Management
42
PT Arutmin Indonesia
Safety Performance - Improving
Lost Time Injury (LTI) Lost Time Injury (LTI)
and and
Lost Time Injury Frequency Rate (LTIFR) Lost Time Injury Frequency Rate (LTIFR)
2000
2001
2002
2004 2006
2007 (YTD)
2003
2005
2000
2006
2007 (YTD)
2001
2003
2005
2004
2002
0
2
4
6
8
10
12
14
N
o

o
f

L
T
I
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
1.00
L
T
I
F
R
No of LTI's LTIFR
No of LTI's 8 4 5 3 3 13 3 5
LTIFR 0.93 0.40 0.47 0.23 0.18 0.61 0.12 0.43
2000 2001 2002 2003 2004 2005 2006 2007 (YTD)
43
PT Arutmin Indonesia
Satui Rain Delays 2006 & 2007
Satui - Mining Performance (tons) vs Rainfall (mm)
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
J an Feb Mar Apr May J un J ul Aug Sep Oct Nov Dec
Month
M
i
n
i
n
g

(
m
t
)
0
200
400
600
800
1,000
1,200
1,400
R
a
i
n
f
a
l
l
s

(
m
m
)
Mining 2006 Mining 2007 Rainfalls 2007 Rainfalls 2006
Satui - Mining Performance (tons) vs Rain delays (hrs)
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
J an Feb Mar Apr May J un J ul Aug Sep Oct Nov Dec
Month
M
i
n
i
n
g

(
m
t
)
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
450.00
500.00
R
a
i
n

d
e
l
a
y
s

(
h
o
u
r
s
)
Mining 2006 Mining 2007 Raindelays 2007 Raindelays 2006
44
PT Arutmin Indonesia
Senakin Rain Delays 2006 & 2007
Senakin - Rain Delay (hrs) vs OB Stripping (bcm)
2006 - 2007
0.0
50.0
100.0
150.0
200.0
250.0
J an-06 Feb-06 Mar-06 Apr-06 May-06 J un-06 J ul-06 Aug-06 Sep-06 Oct-06 Nov-06 Dec-06 J an-07 Feb-07 Mar-07 Apr-07 May-07 J un-07
Periode (month)
(
h
o
u
r
s
)
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
t
o
n
Delay time Waste removal
45
PT Arutmin Indonesia
Batulicin Rain Delays 2004 & 2007
Batulicin - Ata Rainfall (mm)
(2004 - 2007)
0
100
200
300
400
500
600
700
800
Rainfall 3 per. Mov. Avg. (Rainfall)
46
Agenda
Financial Highlights
47
Financial Results
US$ million
First Half
2007
Unaudited
2006
Audited
2005
Audited
2004
Audited
2003
Audited
Revenue 1,153 1,852 1,751 1,047 408
Cost of Sales (775) (1,367) (1,309) (657) (342)
Gross Profit 378 484 442 391 66
Operating Income 213 323 263 264 11
EBITDA 237 430 335 305 12
Core Net Income 175 - - - -
Net Income (inc. capital gain) 722 222 123 119 (4)
EPS (US$ per 1,000 shares) 37.20 11.46 6.35 6.15 (0.23)
Current Assets 1,265 1,071 577 444 279
Total Assets 2,592 2,513 1,722 1,526 1,336
Current Liabilities 816 803 659 660 508
Long Term Debt 15 1,015 546 449 422
Total Liabilities 1,467 2,143 1,476 1,407 1,301
Shareholders' Equity 884 360 235 117 11
48
1H 2007 Operational Performance - Update
Metrics 1H 2007
Financials 1H 2007
in US$ million
1H
2007
1H
2006
Ch
A record performance reflecting buoyancy of the coal market, Bumis in-house efficiency
measures, including strategic 6MT stockpiling in end 2006 which enabled an all time
record in H1 07 performance and record sales.
g
100%
Sales 1,152.80 865.8 33%
Gross Profit 378.3 235.2 61%
Operating Income 212.8 156.2 36%
EBITDA 236.5 199.7 18%
Core Net Income 174.7 90.4 93%
Net Income
(with capital gain)
721.9 90.4 698%
1H
2007
1H
2006
Chg
100%
Coal Conveyed (MT) 27.0 22.5 +20.1%
Coal Sales (MT) 28.3 23.2 +22.4%
Strip Ratio 9.5 10.2 -6.9%
Production Cash Cost ($/ton) 24.1 26.6 -9.5%
Avg. FOB Price ($/ton) 42.0 40.5 +3.7%
Note: Production Cash Costs in Q207 Note: Production Cash Costs in Q207 vs vs Q206 lower by 4.2%. Q206 lower by 4.2%.
49
Agenda
Updates
50
Total cash proceeds ca US$1.3 billion (include base price, working capital and other adjustments),
deposit paid by TATA on 30 March 2007
All financial debt cleared in Coal Companies and Bumi
Shareholder approval obtained on 23 May 2007 EGM
Date of completion 27 J une 2007
Tata Power have 30% of the shares in the Coal Companies
Tata Power have Management positions (including the CFO), Director positions and Commissioner
positions in KPC and Arutmin Second Board Meeting held on 2 August 2007
Coal off take contract
take or pay contract
index linked price based on market rates
contract starts in 2009 and ramps up to 10.8MT by 2011
length of contract minimum 12 years
5,300 GAR quality
Tata Power and Bumi have many synergies, examples include the power requirements at KPC
which Tata could build (coal fired power plant 3 x 10MW), and iron ore from Bumis mine in
Mauritania which could supply Tata Steel from 2011 onwards
Bumi is calculating the tax payable
Updates Strategic Alliance with TATA Power Corporation
51
Sale of Minority Stakes in Coal Companies
The 30% share sale of our coal assets was concluded on 27 J une 2007 to Tata Power
Corporation.
10% Share Buy Back Scheme
- The Company received shareholder approval to buy back 10% of its outstanding shares in May
2006.
- Already bought back 7.03% or 1.36 billion shares at average price of Rp 908.
- Shareholder approval also obtained on 23 May 2007 to buy back balance 2.97% at Rp 1800.
Convertible Bond Issue
- Company successfully issued zero coupon, 5 year convertible bonds of 300 million on 28 J une
2007.
- Underlying shares 1 billion treasury shares.
- Oversubscribed 3 to 4 times.
PLN Contract
- Arutmin has been awarded an MOU to supply 13 MTA of coal for the 10,000MW electricity
projects to PLN for 20 years.
- The coal will be supplied from Arutmins Eco coal mines and will be in addition to its current
export production.
- 6 MTA contract already received.
Indian Power Projects
Bumi is in discussion with several Indian parties for supplying the coal products. This is expected
to substantially increase revenue of the coal companies.
Updates - Others
52
Dividend History
Year Total Share
Dividends per
Share (Rp)
2000 1.0
2001 -
2002 2.5
2003 -
2005 Interim 5.0
2005 Final 10.0
2006 Final 16.0
2007 Interim 66.0
19,404,000,000

Future Dividend Policy Future Dividend Policy

30% max of net income subject to shareholder approval 30% max of net income subject to shareholder approval
- - 50% paid on 2 J uly 2007 50% paid on 2 J uly 2007
- - Balance 50% expected next month Balance 50% expected next month
Already paid on 25 J une 2007 Already paid on 25 J une 2007
53
New Organization Structure Effective 5 December 2006
Organization Structure
Board of
Commissioners
Corporate
Secretary
PT Citra Palu
Minerals
PT Gorontalo
Minerals
Financial Analyst
Chief
Executive
Officer
Chief Operating
Officer
Investors
Relation
Internal Audit
Business
Development
Chief Financial
Officer
Gallo Oil (Jersey)
Ltd.
PT Kaltim Prima
Coal
PT Arutmin
Indonesia
Remuneration &
Nominati on Committee
Audi t Committee
Risk Management
Committee
Corporate
Communication
Treasury and
Corporate
Finance
Board of Directors
Finance,
Accounting and
Tax
Others
Legal, HR and
GA
Corporate
Governance
Marketing
Special Project
Team
Bumi Bumi s s new organization structure is now geared for future growth new organization structure is now geared for future growth
54
Agenda
Questions & Answers
55
Thank You
56
Appendices
57

Timeline of Events
KP
C
AR
UT
MI
N
1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005
1989

30 years concession is
granted by the government
when commercial operation
of Senakin mine
commences
1991

Production at Satui
commences
1994

North Palau LautCoal

Terminal is commissioned
2003

Production at Batulicin mine

commences
1983

BHP Billiton commences
purchasing Arutmin shares
1999

Production at Mulia Assam
Assam mine commences
1990

Arutmin relinquishes mining
rights over approximately 95% of
its concession

BHP Billion sell a 20% interest in
Aurtmin to PT Barkie & Bros
1981

Atlantic Ridfield Company and
Utah Exploration Inc. establish
Arutmin to enter CCOW with
Indonesian Government to explore
and mine approximately 1.26
million hectares located in South
Kalimantan
2001

BHP Billiton completes

acquisition of all Arutmin
shares (except 20% interest
sold to PT Bakrie in 1990)
Nov 2001

BHP sells its 80% interest

in Arutmin to Bumi
Resources for $148 million
2004

Production of BendiliPitt
commences
2005

Production of Bengalon
mine commences
2003

Production of Melawan Pitt

commences
Oct 2003

Bumi acquires 100% of KPC

from Rio Tinto and BP for
$500 million
1992

Production of Sangatta mine

commences
1987

KPC relinquished mining
rights over approximately
75% of its concession
1982

Rio Tinto and BP establish
KPC to enter into a CCOW
with the Indonesian
Government to explore and
mine approximately 790,000
hectares in East Kalimantan
Aug 2004

Bumi acquires remaining 20%

in Arutminfrom PTEkakarsa
YasakaryaIndonesia
Key Event in Company History
KPC
ARUTMIN
1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005
1989

30 years concession is
granted by the government
when commercial operation
of Senakin mine
commences
1991

Production at Satui
commences
1994

North Palau LautCoal

Terminal is commissioned
2003

Production at Batulicin mine

commences
1983

BHP Billiton commences
purchasing Arutmin shares
1999

Production at Mulia Assam
Assam mine commences
1990

Arutmin relinquishes mining
rights over approximately 95% of
its concession

BHP Billion sell a 20% interest in
Aurtmin to PT Barkie & Bros
1981

Atlantic Ridfield Company and
Utah Exploration Inc. establish
Arutmin to enter CCOW with
Indonesian Government to explore
and mine approximately 1.26
million hectares located in South
Kalimantan
2001

BHP Billiton completes

acquisition of all Arutmin
shares (except 20% interest
sold to PT Bakrie in 1990)
Nov 2001

BHP sells its 80% interest

in Arutmin to Bumi
Resources for $148 million
2004

Production of BendiliPitt
commences
2005

Production of Bengalon
mine commences
2003

Production of Melawan Pitt

commences
Oct 2003

Bumi acquires 100% of KPC

from Rio Tinto and BP for
$500 million
1992

Production of Sangatta mine

commences
1987

KPC relinquished mining
rights over approximately
75% of its concession
1982

Rio Tinto and BP establish
KPC to enter into a CCOW
with the Indonesian
Government to explore and
mine approximately 790,000
hectares in East Kalimantan
Aug 2004

Bumi acquires remaining 20%

in Arutminfrom PTEkakarsa
YasakaryaIndonesia
Coal Companies History
58
Structure of Ownership in Subsidiaries
PT BUMI RESOURCES Tbk.
PT Arutmin Indonesia
99.99%
PT Citra Palu Minerals
99.99%
PT Indocoal Kaltim Resources
99.98%
PT Indocoal Kalsel Resources
99.98%
Bumi Resources Japan
Company Ltd
100%
Enercorp Ltd
60%
Forerunner
International Pte Ltd
100%
PT Sitrade Coal
90.74%
Sangatta Holdings Ltd
100%
Kalimantan Coal Ltd
100%
International Minerals Company
100%
Gallo Oil (Jersey) Ltd
99.99%
Indocoal Resources
(Cayman) Ltd
100% 100%
PT Kaltim Prima Coal 24.5% 24.5%
32.4% 32.4%
24.5% 24.5%
13.6% 13.6%
PT Gorontalo Minerals 80% 80%
59
KPCs Operations
East
Kalimantan
Coal type Bituminous
Contractor Darma Henwa
2006 production (mt) 5.6
Processing plant
Barge port
Barge port
Shipping terminal
Coal type Bituminous &
Sub-Bituminous
Contractors KPC, Thiess
PAMA
2006 production (mt) 32.6
Operator KPC
Ship loader 4,700 tph
KPC Snapshot
Kalimantan
INDONESIA
FY06 gross production (coal mined - mt) 38.1
FY06 gross sales (mt) 34.9
FY06 average selling price ($/t) 41.5
Bengalon Mine
Sangatta Mine
Processing and Shipping Facilities
Source: KPC
KPC operates the Pinang mine which includes the Sangatta and Bengalon mines,
with Pinang mine being the largest coal mine in Indonesia and the largest export
mines in the world as measured by tonnes of coal exported
Sumatra
Java
60
Arutmin Snapshot
Kalimantan
FY06 gross production (mt) 15.3
FY06 gross sales (mt) 15.1
FY06 average selling price ($/t) 39.2
INDONESIA
Sumatra
Java
South East
Kalimantan
Pulau
Laut
Coal type Bituminous
Contractor Thiess
2006 production (mt) 6.9
2006 sales (mt) 6.8
Coal type Sub-Bituminous
Contractors Thiess
Pama / Other
2006 production (mt) 1.5
2006 sales (mt) 1.5
Mulia-Asam Asam Mine
Coal type Bituminous
Contractor Thiess
2006 production (mt) 4.6
2006 sales (mt) 4.5
Coal type Bituminous
Contractor CK
2006 production (mt) 2.3
2006 sales (mt) 2.3
Handling capacity 1.1mt/month
Satui Mine
Batulicin
North Pulau Laut Coal
Senakin Mine
Arutmins Operations
Source: Arutmin
Arutmin operates four mines in South Kalimantan with high calorific value coal
and large supply of low sulphur low ash coal from the Mulia-Asam Asam mine
61
Established Coal Production and Infrastructure
Low cost open pit
mining
KPC owned coal chain
capable of transporting
around 35Mtpa
World class processing
and stockpiling facilities
in both KPC and
Arutmin
KPC owned terminal for
stockpiling and ship
loading, capacity of
30Mtpa
Arutmin owned port
capable of handling up
to 14Mtpa
Open Pit Mining
Transportation
of coal to
Loading
Port
Processing and
Stockpiling
facility
Ship Loading
Facilities in
Owned Port
Comprehensive infrastructure in place for both KPC and Arutmin
62
Diversified Mining Operations and Range of
Quality Products
Source: KPC and Arutmin
Note:
(1)
Bituminous coal; (2) Sub-bituminous coal and (3) Bituminous and Sub-bituminous coal
Diversification of mine pits and facilities coupled with blending capabilities allow
KPC and Arutmin to meet wide ranging customers specification
Mining Operations Segmented by Coal Product
Operating Mines
CV
(kcal/ kg)
On GAD
Total
Sulfur
(%)
Total
Moisture
(%)
Ash (%)
2006 Gross
Production
('000 tonnes)
Mining
Contractors
Marketing Agent
Sangatta
Prima 7,100 0.7% 10.5% 4.0%
2,717
KPC, Thiess & Pama Glencore & Mitsubishi
Pinang 6,290 0.5% 17.0% 3.5%
20,367
KPC, Thiess & Pama Glencore & Mitsubishi
Melawan 5,690 0.3% 23.0% 2.5%
6,753
KPC & Thiess Glencore & Mitsubishi
Bengalon 6,230 0.9% 14.0% 4.5%
5,504
Darma Henwa Glencore & Mitsubishi
Senakin 6,700 0.8% 11.0% 12.0%
4,604
Thiess BHP Billiton
Satui 6,800 0.8% 10.0% 8.0%
6,937
Thiess BHP Billiton
Mulia Asam-asam 5,000 0.2% 35.0% 3.9%
1,469
Thiess & Pama BHP Billiton & Enercorp
Batulicin 6,600 1.4% 9.0% 12.0%
2,330
CK Mining BHP Billiton
KPC
Arutmin
63
Recent Awards & Recognition
1. Best Environment Management year 2007 for KPC from the Governor of East Kalimantan
2. Certificate ISO 14001:2004 year 2006 from SGS United Kingdom LTd. Systems & Services
Certification for meeting the requirements of ISO 14001:2004.
3. Gold Certificate for Sangatta site, KPC in 2006, Provincial Coal Proper, a government
environmental audit program, presented by the Governor of East Kalimantan.
4. Blue Certificate for Bengalon site, KPC in 2006, Provincial Coal Proper, a government
environmental audit program, presented by the Governor of East Kalimantan.
5. Gold Aditama Certificate from the Department of Energy and Mineral Resources for KPC in
Sedimentation and Erosion Control in Coal Mining Operation.
6. Silver Utama Mining Safety Certificate from the Department of Energy and Mineral
Resources, for KPC.
7. Zero Accident Award from the Ministry of Labor and Transmigration, for KPC.
8. Gold Aditama Certificate from the Department of Energy and Mineral Resources for
Senakin site, Arutmin in Sedimentation and Erosion Control in Coal Mining Operation.
9. Pratama Certificate from the Department of Energy and Mineral Resources for Satui site,
Arutmin in Sedimentation and Erosion Control in Coal Mining Operation.
10. Gold Aditama Certificate for Mining Safety in North Pulau Laut Coal Terminal (NPLCT),
Arutmin from the Department of Energy and Mineral Resources in the year 2006.
11. Utama Mining Safety Certificate from the Department of Energy and Mineral Resources, for
Senakin site, Arutmin.
12. Pratama Mining Safety Certificate for Satui site, Arutmin in the year 2006 from the
Department of Energy and Mineral Resources.