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December 2018

PUBLIC EXPOSE

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Index

About PT Cakra Mineral Tbk

Cakra Mineral Projects

Cakra Mineral Structure

1

2

3

Financial Performance 4

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1 About PT Cakra Mineral Tbk

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About PT Cakra Mineral Tbk

Iron Ore Asset “PT Persada Indo Tambang”

Diverse Line of Business

Collaborating with Topsun International Industrial Limited to

build Ferronickel Smelter

Has Integrated Mining Business Segments Ranging from

Exploration, Mining, Processing to Marketing

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Milestones

2016 CKRA has conducted due diligence on several tenements and there is possibility on

acquiring Assets

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2 April 2012

2 June 2012 The Company acquired an Iron Ore tenement PT Persada Indo Tambang

January 2014 Indonesia government has banned on Raw Material Export

Joint Venture with ZheJiang Jinfeng on Nickel Smelter Factory

The Company acquired an iron ore tenement PT. Persada Indo Tambang

Redstone Resources acquired Cakra Mineral with 80.89% total Shares

Q3 2015

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Portfolio

Cakra Smelter Ferronickel Located in Southeast Sulawesi

Indonesia

PROCESSING

Added Value

Added value to

raw mineral resources

Cakra Mineral Tbk Located in Central Jakarta

Indonesia

INVESTMENT

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2 Cakra Mineral Projects

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Cakra Mineral Projects

Zircon & Titanium

Ferro-nickel Smelter

Coking Coal

Iron Ore

Iron Ore

Persada Indo Tambang

Persada Indo Tambang

Iron Ore Mining

88%

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Persada Indo Tambang Overview

Iron Ore TenementTotal Resource of Iron Ore is around 4 million tones

Located in Sungai Kunyit, Padang, South Sumatra Province, Indonesia

Total Resource of Iron Ore is around 4 million tones

Total Capacity Production of 8000 MT / month

Ferro-nickel Smelter

Ferronickel Smelter Plan

Joint Venture

Topsun International

Industrial Limited

50.1%

Total Investment:

Production Capacity:

Ferronickel Grade:

Input vs Output:

± USD 68 Million

48,000 MT

8 – 12% of Ni content

12 : 1

Offtake Agreement with PT Jagad Rayatama for laterite

nickel feedstock.

Output Price:

Power Supply:

USD 2,160 @LME USD 18,000

5-10 MW

The Net Present Value of the project is at USD 379 million

The Project IRR (10 year) is at 16.87%

Net Profit Margin at 15.45%

EBITDA generated (full year) is at USD 18.2 million

Payback period is at 3,5 years without 1 year construction

period.

49.9%

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Coking Coal

Twinpine Management Ltd.

Tambang Benua Alam Raya Overview

Located in Murung Raya Regency, Central Kalimantan Province, Indonesia

Adjacent to BHP Biliton’s Juloi tenement, straddling the Barito River

High quality metallurgical coal project in Indonesia

±250 million Mt Measured, Indicated & Inferred Resource

Low ash, low sulphur, and high calorific value

Low operating cost & capital investment required (Infrastructure for ship loading already in placed)

Domestic Coking Coal demand is guaranteed, because Posco and Wisco’s major steel mills in Java need minimum of 20% coal come from Indonesia

Tambang

Benua

Alam Raya

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Persada Indo Tambang Cakra Smelter Ferronickel

West Sumatera Southeast Sulawesi

Current CKRA Structure

Persada Indo Tambang

Cakra Smelter Ferronickel

Working Interest

88% Working Interest

50,1%

Status Operation & Production

Status Under Construction

Resources ± 5 million tons Production Capacity Annually

± 42,000 tones

Area 2,936 hectares Area 30 hectares

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3 Cakra Mineral Structure

Cakra Mineral “end game”

Holding Company

Takaras

Inti

Lestari

Iron Ore Twinpine

Management

Ltd.

25% 88% 50.1%

Smelter

100%

Persada

Indo

Tambang

Cakra

Smelter

Ferronickel

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TBAR Persada

Indo

Tambang

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Financial Performance

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Description (in millions of Rupiah)

Sep-17

Sep-18

%Change

Sales 44,326 0 -100.00% Cost of Goods Sold 50,071 0 -100.00% Profit (Loss) -28,707 -4,303 -85.01% Net Profit (Loss) -28,122 -4,309 -84.68% EBITDA -21,514 -4,253 -80.23% Total Assets 882,676 568,960 -35.54% Cash and Cash Equivalents 592 384 -35.14% Total Liabilities with Interest 26,551 18,924 -28.73% Equity 856,125 550,036 -35.75% Debt to Equity Ratio 3.10 3.44 10.94%

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THANK YOU

Property of :

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