Straits Asia Resources Limited

AGMCEO Presentation to ShareholdersCEO Presentation to Shareholders

Martin Purvis 30 April 2010

Table of Contents

1 Company Snapshot1 Company Snapshot

2 2009 Review

3 Market Outlook

4 Consolidating a Strong Foundation

5 Summary and Conclusion – Platform for Future Growth

IMPORTANT NOTICENothing in this presentation constitutes an offer of securities for sale. This presentation contains certain forward looking statements and forward-looking financial information. Such statements and financial information are based on certain assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Straits Asia Resources Limited (Straits Asia) to be materially different from those projected. The inclusion of such statements and information should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that results will or are likely to be achieved.

This presentation is for information purposes only and does not constitute or form part of an offer solicitation or invitation of any offer to

2

This presentation is for information purposes only and does not constitute or form part of an offer, solicitation or invitation of any offer, to buy or subscribe for any securities, nor should it or any part of it form the basis of, or be relied in any connection with, any contract or commitment whatsoever. This presentation has not been filed, lodged, registered or approved in any jurisdiction.

11COMPANY SNAPSHOT

Snapshot of Straits Asia Resources

Unique Singapore listed, pure coal company

Thermal coal exports to major power utilities in Asia

2 high quality coal mines: each located in a massive coal basin with significant growth potential – Jembayan and Sebuku

2010: a recovery year from 2009’s challenges establishing platform for strong 20112010: a recovery year from 2009 s challenges, establishing platform for strong 2011

Capital base already in place to meet expansion targets

Market Statistics as at 30 April 2010

Share Price S$ 2.03Shares Outstanding m 1,128g ,Free Float % 54%Market Cap US$m 1,674Enterprise Value US$m 1,799

4

222009 REVIEW

2009 Results & Coal Prices

120 Performance (US$M) Year Ended US$/t

100

110

Performance (US$M) 31 December 2009

Revenue 748.4

90

100EBITDA 281.3

N P fi f 133

70

80 Net Profit after tax 133.5

Cash 56.8

50

60Debt 206.5

6

50Jan-09 Jun-09 Nov-09 Apr-10

Source: Bloomberg/McCloskey Coal Index

Dec-09

2009/2010 Milestones

3.005,950

Record production and profits masked difficult operating conditionsSTI SAR

2.50

4,4504,9505,450,

Closing Index Closing Price (S$)

1.50

2.00

2,9503,4503,950,

0.50

1.00

1,4501,9502,450

1/09 4/09 7/09 10/09 1/10

GFC, market

PTT takes controlling

Sebuku h

Sebukuf t

Jembayan load out

7

market destruction

controlling shareholding

changes contractor

forest rezoning

load-out failure

33MARKET OUTLOOK

Major Asian coal fuel build-out underwayRecent surge in coal prices - demand recovery and strong growth

GW MtChina 55 212Rest of

W ld

2010 New Coal Fired Power Plants (GW)

India 17 80

Other Asia 8 34

US 7 25

Europe 2 4China, 55%India

Other Asia,

World, 12%

Europe 2 4

South America 2 8

Other 1 2

Total 92 365

55%India, 17%

Asia, 8%

Source: Platts Worldwide Power Plant Database, China Electricity Council and Peabodyy y

2530 Indonesia (GW) India (GW)

China’s requirement for coal is

New Coal Fired Power Plants (GW)

5101520China s requirement for coal is

well recognised

Demand from Indonesiaand India is growing fast

9

05

2010 2011 2012 2013 2014

g g

Asia’s Golden TriangleWhere will the coal come from?

2009 market estimated at over 620Mt worldwide; 400Mt in Asia

Indonesia is the largest and lowest cost thermal coal producer

“Golden triangle” to account for >90% of coal demand growth to 2015

Russia

82mt

W Europe

127 t 26mt

36mt

10mt

E Europe

30 t

9mt

6mt

India

59 t

Japan, Korea,Taiwan

235mt

China

70mt

127mt 30mt

Vietnam

28mt

110mtJapan – 60Korea – 30Taiwan – 20

26mt

30mt

17mt

USA

12mtUSA

19mt

6mt

29mt

Australia

139mt

59mt87mt

Indonesia

230mt

28mt

S Africa

Colombia

63mt 16mt33mt

26mt

20mt

Other Major exporters

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139mt61mt

O e ajo e po e sMajor importerChina net imports

Source: GTIS, Macquarie Research, Peabody Energy, March 2010

44CONSOLIDATING A STRONGCONSOLIDATING A STRONG FOUNDATION “THE OPERATING PLATFORM”

Borrowings

US$M 31 3 10 31 12 09 31.3.06

$380 m long-term facility substantially strengthens the Group balance sheet

US$M 31.3.10 31.12.09 Pre IPOCash 123.3 56.8 20.1Short – term Debt 0.0 206.5 1.8Long – term Debt 248 3 0 0 4 8

Club of Banks Term Loan (5 years) US$250 million

Long – term Debt 248.3 0.0 4.8EQUITY & RESERVES 483.5 472.1 24.8

Siam Commercial 35%

Krung Thai 35%

Facilities

Term Loan (5 years)

Revolving Credit

LC, Guarantee Facility

US$250 million

US$50 million

US$80 milliong %

Bangkok 21% Interest LIBOR + average margin of 3%

Standard Chartered 9%

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Maturity No amortization until January 2013

Functional Foundation“What happens where”

Group ManagementHR Group Development

Operations ControlShort-term PlanningHR, Group Development

Group Marketing (Tiger Energy Trading)Short term Planning

Community Development

Key Technical SupportExploration Management

Long-term PlanningMi St tMine Strategy

Logistics Management

Operations ControlShort-term Planning

Community DevelopmentCommunity, Government Relations

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Community Developmenty,Indonesian Corporate Office

“Licence to Operate”

2010 Production Targets

1,500Sebuku Jembayan

7501,0001,250

250500750

0

Sebuku 2010: A Year of 2 HalvesH1 – Recovery of pit inventory

Jembayan2010: Engine of Production GrowthPit ramp up continues

14

H1 Recovery of pit inventoryH2 – Lower costs and higher volumes

p pRe-establish efficient load out capacity

Profile for Growth

15.0 Sebuku Production (Mt) Jembayan

10 010.0

~8.5 ~ 9.5 ~10.5 ∼12.0

5.0

~6 04 0 5.0

7.0

0 0

3.5 3.5 2.0 1.8

~3.5 ~4.5 ~6.04.0

15

0.02007 2008 2009 2010

Target2011

Target2012 Target

2013 Target

JORC Resource and Reserves - SebukuNorthern Leases

Largely unexploredg y p75Mt ResourcePurchased in 2007Rezoned August 2009

Western Leases

800Mt ResourcePre Feasibility studyPre Feasibility study underway

Tanah Putih

Current Mining Area55Mt Resource

1616

7Mt reserve

JORC Resource and Reserves - Jembayan

2009: Data Acquired2 yr program (15 Rigs)2 yr program (15 Rigs)

504Mt JORC Resource

105Mt JORC Reserves

75% explored75% explored

Reserves drilling underway

Results expected Q3 2010

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Ongoing programme to focus on coal quality information - for enhanced mine planning and product control

Contrasting Cross Section of Mine Seams

Cross Section of Jembayan Seams

Cross Section of Sebuku Seams

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2010 Action Plans

Jembayan Sebuku Marketing

Rebuild Load Out Facility

Permits for drilling and 2011 mining in Northern Leases

Redefine brand and marketing strategy for Jembayan coaly

Optimize mine plan using extensive

o t e eases

Pre Feasibility for

y

Optimize tonnage using extensive Resource knowledge

Pre Feasibility for Western Leases

p gprofile into rising

market

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2010 Capital Plan

Item Amount (~)Northern Leases Final Purchase Payments US$80mNorthern Leases Final Purchase Payments US$80mJembayan Load Out US$20mLand Compensation US$20mSebuku High Wall Stabilization US$10mSebuku High Wall Stabilization US$10mExploration US$5mMaintenance Capex US$5m

TOTAL ~US$140mTOTAL ~US$140m

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55SUMMARY AND CONCLUSIONSUMMARY AND CONCLUSION “PLATFORM FOR FUTURE GROWTH”

Summary and Conclusion

ProductionRecovery from 2009 challenges and difficulties (H1)

R id S b k d ti th itti l t dRapid Sebuku production growth once permitting completed

Steady upgrades to Jembayan production with Reserves additions

Building detailed plans to capture large Resource base potential and underpin growth

CostsCost improvement through production growth profile and operating efficiency – especially at Sebuku

Capital ExpenditureOnly sustaining capital and exploration expenditure from 2011 onwards

ProfitabilityStrong focus on margin growth through brand and product development and improved mine planning and operational efficiencyplanning and operational efficiency

St it A i R h l t t

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Straits Asia Resources has a clear strategy

to grow into a major player in the energy space over the next 5 years

Straits Asia ResourcesStraits Asia Resources

Mining for Asia’s GrowthMining for Asia s Growth

Thank You

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