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Management Presentation

Aug 2008. Truba Alam Manunggal Engineering Tbk. Management Presentation. Company Updates. Highlights. Profit from operations Rp143b – up more than 5,000% yoy EPS Rp11.1 – up more than 2,000% yoy Portfolio growth continues in 2008 EPC Oil and gas EPC to Chevron valued USD212m

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Management Presentation

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  1. Aug 2008 Truba Alam Manunggal Engineering Tbk Management Presentation

  2. Company Updates

  3. Highlights • Profit from operations Rp143b – up more than 5,000% yoy • EPS Rp11.1 – up more than 2,000% yoy • Portfolio growth continues in 2008 EPC • Oil and gas EPC to Chevron valued USD212m • EPC for PLN’s power plants: Suralaya 1x625MW and Paiton 1x600MW • More EPC opportunities in Indonesia with the current power and energy infrastructure boom IPP • 3 power plants up and running with capacity of 310MW • Six coal-fired power plants under construction with capacity of 924MW • Strong pipeline of further growth opportunities Coal • 2 exploitation licenses (KP), with estimated reserves of more than 100m ton • 6 exploration licenses

  4. Business Segments EPC Business

  5. Solid backlog of EPC contracts EPC – on hand (power) EPC – on hand (non – power)‏ Truba Manunggal has a strong backlog* of EPC projects worth about US$900 million as of end 1Q08. *Backlog comprises total value awarded contracts that are not completed and the revenue that is expected to be reflected over the remaining life of the projects in process. Peluh Merbau2x150MW Chevron – Duri, Riau (Oil & Gas)‏ RAPP Pulps (Paper section)‏ Pontianak2x30MW ShoaibaStage II PH.1 B-Aceh PP9 C & D Kuala Tanjung2x135MW Medan Tarakan Qurayyah CCPP Minahasa Bangka2x12MW Pontianak Gorontain Padang Kotamobagu BP – Tangguh (LNG)‏ Banyuasin2x125MW Palu Bangka Sorong Serui Mahakam Ambon Jayapura Banjarsari2x100MW Bengkulu Banjarmasin Sumatra Kobe Steel– South Kalimantan (Coal Processing Facility) Inco Mining TELPP Lampung Labuan, Banten2x300MW PLTU Sengkang1x60MW Kupang Pelabuhan Ratu3x350MW Sumbawa Bima Indramayu3x350MW PLTU Paiton1x600MW PLTGU Muara Karang720MW Sulfindo2x60MW Suralaya Baru1x600MW CP Bahari4x30MW Karang Asem, Bali2x135MW IGCC, Bali1x330MW

  6. EPC Backlog – As of March 2008

  7. Fast track – Power Plants in Java No Power Plant Capacity (MW)‏ EPC Contractor Status 1 PLTU 1 Banten – Suralaya 1 x 625 MW Consortium of China National Technical Import & Export Corporation (CNTIC), China National Machinery Import & Export Corporation, Zhejiang Electric Power Design Institute and PT Rekayasa Industri On hand 2 PLTU 2 Banten - Labuhan 2 x 300 MW Consortium Truba Jurong Engineering and Chengda Engineering Corp. On hand 3 PLTU 3 Banten – Lontar,Teluk Naga 3 x 315 MW Consortium Dongfang Electric and Dalle Energy 4 PLTU 1 Jawa Barat - Indramayu 3 x 330 MW Consortium Sinomach, CNEEC, PT Penta Adi Samudra On hand 5 PLTU 2 Jawa Barat – Pelabuhan Ratu 3 x 350 MW Consortium Shanghai Electric and Maxima Infrastruktur On hand 6 PLTU 1 Jawa Tengah - Rembang 2 x 315 MW Consortium Zelan, Tronoh and Priamanaya 7 PLTU 1 Jawa Timur - Pacitan 2 x 315 MW Consortium Dongfang Electric and Dalle Energy 8 PLTU 2 Jawa Timur - Paiton 1 x 600 MW Consortium Harbin Power Engineering and Mitra Selaras Hutama Energi On hand 9 PLTU 2 Jawa Tengah - Cilacap 1 x 600 MW 10 PLTU 3 Jawa Timur – Tanjung Awar-Awar 2 x 300 MW Consortium Sinomach CNEEC and PT Penta Adi Samudra

  8. Business Segments IPP Business

  9. List of our on-hand IPP projects Offtaker Total MW CPP & CPB 310 PLN PLN PLN 474 PLN CPP & CPB PLN PLN 450 PLN PPA to be signed with PLN 900 PPA to be signed with PLN PPA to be signed with PLN 2,134 • Capitalizing on Indonesia’s rising energy needs, Truba will be entrenching its IPP footprint in the domestic power-generation market • All of Truba Manunggal’s IPP plants are on build/operates/own (BOO) basis Commercial operating date Project name Capacity(MW)‏ Location Status In operation CDE- Diesel Lampung already COD 210 Tanjung Batu East Kalimantan 20 already COD already COD Gunung Megang South Sumatra 2x40 Bangka Bangka Island 2009 2x12 UnderConstruction Pontianak West Kalimantan 2009 2x30 CP Bahari Lampung 2009 4x30 Kuala Tanjung North Sumatra 2010 2x135 Banyuasin South Sumatra 2010 2x125 Pre Construction Banjarsari Lampung 2010 2x100 Mandated Paluh Merbau North Sumatra 2011 2x150 Karang Asem Bali 2011 2x135 IGCC Bali 2011 330 Power Purchase Agreements last for periods between 20 and 30 years

  10. Bangka Power Plant

  11. Pontianak Power Plant

  12. CP Bahari Power Plant

  13. Kuala Tanjung Power Plant

  14. Banyuasin Power Plant

  15. Banjarsari Power Plant

  16. Mandated Power Plants

  17. Business Segments Coal Business

  18. Coal Business Coal mining and trading platform is to enhance Truba Manunggal’s coal supply reliability and costs for its IPP business • Primary objective is to improve its suppliers network, management of quality and logistics • Secondary objective is to generate modest earnings from coal supply to end users in export markets Coal Trading Coal Mining • Through MME (Manunggal Multi Energi), Truba Manunggal owns an Exploitation license for 1,587 ha (1st stage) with proven coal reserves of 100 million mt of calorific value averaging 4,850 kcal.kg (gar) • The mine is in close proximity to railway infrastructure, therefore coal can be easily transported to the surrounding power plants (within radius less than 10 km)‏ • Mining is expected to commence operation by early 2009, with first production of 0.6 million metrics tons estimated and subsequently up to 2.0 million metric tons by 2010 • Awarded 7 additional licenses; 1 exploitation and 6 exploration, in Sumatra and Kalimantan • Primary objective is to support coal trading function • Secondary objective is to generate sale of coal to domestic non-power companies (ie: pulp and paper)‏ Coal stock piling …secondary objectives of coal mining and trading is to generate a new source of revenue for Truba Manunggal

  19. Conclusion • Strong 1Q08 financial performance • Performance in 2008 impacted by delays in some of PLN’s EPC • Fundamentals remain attractive EPC • Oil and gas activities are ramping up due to increase energy prices • GOI remains committed to fast track 10,000MW coal-fired power plant IPP • Construction of six coal-fired power plants underway • Strong demand for growth due to lack of power infrastructure in Indonesia Coal • Market fundamentals remain robust

  20. Contacts Gamala Katoppo Corporate Secretary P. +62 21 5793 2255 F. +62 21 5785 2403 M. +62 815 130 33111 Email: gamala.katoppo@truba-manunggal.com www.truba-manunggal.com

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