Corporate Presentation

FY22 Results

PT Telkom Indonesia (Persero) Tbk

March 2023
Disclaimer
This document may contain forward-looking statements within the meaning of safe-harbor. Actual results could differ materially from
projections, estimations or expectations. These may involve risks and uncertainties and may cause actual results and development to
differ substantially from those expressed or implied in the statements. The company does not guarantee that any action, which may
have been taken in reliance of this document will bring specific results as expected.
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FY22 Results
Telkom in Brief

FY22 Financial and Operational Results

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 Board of Directors
TELKOM Group

CEO TELKOM GROUP DIRECTOR DIRECTOR DIRECTOR DIRECTOR

RIRIEK HERI HERLAN FM BUDI
ADRIANSYAH SUPRIADI WIJANARKO VENUSIANA R SETYAWAN
WIJAYA

DIRECTOR
DIRECTOR DIRECTOR
MUHAMAD AFRIWANDI BOGI
FAJRIN WITJAKSONO
RASYID

CEO TELKOMSEL DIRECTOR DIRECTOR DIRECTOR DIRECTOR

HENDRI MOHAMAD ADIWINAHYU DERRICK WONG
Telkomsel

MULYA SYAM RAMZY BASUKI SIGIT HENG SOON NAM

DIRECTOR DIRECTOR DIRECTOR

BHARAT NUGROHO R. MUHARAM
ALVA PERBAWAMUKTI

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Share Ownership

Ownership Total Shares

99,062,216,600 shares
52.1% 47.9%
Government of
Public
Indonesia Market Capitalization

Listings
Rp401 Tn (USD26.8 Bn)*
*as of 27 March 2023

Telkom Indonesia is the only dual-listed Indonesian company at

Indonesia Stock Exchange (Bloomberg: TLKM IJ) and
New York Stock Exchange (TLK US)

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 5 Bold Moves Strategy

Five Bold Moves Framework

DIGITAL
DIGITAL CONNECTIVITY DIGITAL PLATFORM
SERVICES

1 2 3 4 5
2-speed Value unlock in Set up
Setup of a Setup of DigiCos to
approach to drive
infrastructure2 regional DC & transformative build and scale new
Fixed and Mobile
collaborations1 hybrid digital B2B Digital IT digital businesses and
B2C B2B infrastructure3 services Leader capture synergy value
(TSEL focus) (TLKM focus)
leader for Telkom Group

InfraCo – B2B Digital IT DigiCo

FMC DC Co
FiberCo… Service Co (Telkom and Telkomsel)

Customer-centric Infrastructure Digital Growth

telco operator Business Engine
1. Needs deeper exercise across multiple strategic dimensions including complexity, regulation, stakeholder, financial impact
2. TowerCo has already completed IPO to unlock value in November 2021
3. DC-related is placed under Digital Platform to accommodate integrated directions and more comprehensive strategies, including Cloud and Tech-giant strategy

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FY22 Results
Telkom in Brief

FY22 Financial and Operational Results

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 Performance Highlights

During the full year of 2022, Telkom recorded positive growth

of 2.9% YoY in Revenue, with EBITDA grew by 4.3% YoY
to Rp79.0 trillion.
In November 2022, Telkomsel has been officially
announced as the winner of 2.1 GHz bandwidth
frequency for mobile network by Ministry of
Communication and Information Technology.
IndiHome continued to become our engine of growth
which posted Revenue of Rp28.0 trillion or grew 6.4%
YoY, supported by 9.2 million total subscribers and
relatively stable ARPU during the period.

In December 2022, Telkom through NeutraDC started

the groundbreaking of 2nd Hyperscale Data Center
Telkomsel’s Digital Business kept growing healthily (HDC) in Batam, which will have 75 MW designed total
with 18.7% YoY growth in data traffic and its capacity and 51MW designed IT load capacity.
contribution reached 81.9% of total Telkomsel’s
revenue as compared to last year’s contribution of 78.0%
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Revenue

147.3 77.5
82.1

143.2

FY21 FY22

26.3
28.0
21.2
17.9

FY22 7.8 8.5 10.4

10.8

Revenues
Rp trillion, YoY
FY21 FY22  2.9% Data, Internet &
IT Services
IndiHome SMS, Fixed &
Cellular Voice
Interconnection Network & Other
Telco Services
 6.0%  6.4%  15.7%  8.8%  3.9%
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Expenses and Profitability
EBITDA Net Income
Rp trillion, YoY 75.7 79.0 Rp trillion, YoY

38.1 38.2  4.3% 20.8  16.2%

107.7 24.8

95.6
% Margin 52.9 53.6 17.3 14.1

Note:
Operating Net Income FY22: Rp25.9 tn, FY21: Rp24.0 tn,  7.7% YoY FY21
Operating Net Income Margin FY22 17.6%, FY21 16.8%
FY22

FY21 FY22
15.5 14.9

FY22 5.2 5.4

3.6 3.9
5.0 5.9

Expenses
Rp trillion, YoY
FY21 FY22  12.6% Operation,
Maintenance &
Personnel Interconnection Marketing General &
Administrative
Telco Services
 0.1%  4.0%  5.0%  8.1%  16.7% 10
Telkomsel Performance
Challenging market dynamics with on-going transition of Legacy & continuing competitive environment
TSEL to effectively manage operating expenses with sustainable level of profitability at 56.7% EBITDA Margin.

REVENUES EBITDA NET INCOME CAPEX

In Trillion +1.8% In Trillion In Trillion In Trillion +4.2%
+0.9% -29.8%

87.5 89.0
50.0 50.5
26.2 13.6
+6.9% 18.4 13.1
Digital 72.9
Business 68.2

FY21 FY22 FY21* FY22* FY21 FY22

-16.4% Margin Margin
Legacy 19.3 16.1
FY21 FY22 57% 57% 30% 21%
*) Includes inorganic initiatives with fair value of investment and one-off from unlocking assets

CUSTOMER 3G/4G CAPABLE

TOTAL ASSETS
In Trillion In Million BASE DEVICE
-0.3% -10.9% In Million
-4.6%
176.0
101.3 101.0
132.1
156.8
126.0

FY21 FY22 FY21 FY22 11

FY21 FY22
Telkomsel Digital Business
Continue to Focus on Digital Business
Engine of growth and accounted for 82% of Total Revenues
DIGITAL BUSINESS DATA USER
DATA USER CONSUMPTION
In Trillion REVENUE In Million In MB
+0.3% +16.1%
+6.9%
11,962 Digital Business:
68.2 72.9 120.9
120.5 10,307
+7.5%
62.9
Broadband 58.5

Digital +3.0%
Services 9.7 10.0
FY21 FY22 FY21 FY22 FY21 FY22

BTS ON AIR 3G/4G/5G BTS

DATA TRAFFIC In Thousand ON AIR
In PB +5.6% In Thousand
+18.7% +7.0%
265.2
200.9 215.0
+151.3%
0.1 0.3
16,042 5G
251.1
165.1 +20.0%
13,513 4G 137.6

-21.4%
3G 63.1 49.6
FY21 FY22
FY21 FY22 FY21 FY22 12
 Fixed Line Business
Revenue (Rp) Revenue (Rp) Revenue (Rp)

28.0tn 19.2tn 15.4tn

IndiHome  6.4% YoY
Enterprise  0.1% YoY Wholesale &  8.3% YoY
Add-ons Revenue EBITDA Margin FY22
Business  9.3% QoQ Internasional Business
Relatively stable at
16.2% around 50%
Growth Contributors
❑ Int’l Wholesale Voice
of IndiHome Revenue ❑ Digital Infrastructure
Biggest Contributors

35,418
Total Subscribers Additional Subscribers ❑ B2B IT Digital Services Revenue

9.2mn 611k ❑ Enterprise Connectivity (Mitratel stand-alone)

7.7tn
in 2022 Towers
 7.1% YoY Rp Biggest Towerco in SEA
 12.5% YoY In terms of towers owned

97.5
Coverage
Strenghtening the Business
501 % EBITDA Margin
Cloud Business
1.47x
❑ Tenancy

78.5%
cities Indonesian cities / districts
❑ Building Ratio

% Customer Proportion Strategic Partnership

with Global Tech Players DC&Cloud

63:37 90:10 . 28 data centers

Revenue

1.6tn
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Dual Play : Triple Play Residential : Enterprise 23 domestics, 5 overseas Rp
 Strategic Initiatives

Fixed-Mobile Convergence
Fixed-Mobile Convergence
(FMC) Data Center and Clouds InfraCo
(FMC)

We materialize FMC initiatives in an The presence of robust data Infrastructure value unlock, starting with
effort to provide better customer center and cloud infrastructure Tower. We will continue to explore new
experience (always online and various is key to enable us in developing InfraCo and infra sharing potential.
offering packages), to have more various digital solutions to
efficient capex and operation, as enhance customers’ experience. This initiative aims at optimizing
well as to enjoy robust data consolidated Telkom’s Capex efficiency,
integration. With our integrated quality improvement, and coverage of
network, we are able to service; to optimize asset utility and
We are of the view that the FMC strategy accommodate our customer market penetration, cater Telco
would increase Telkom Group's value future business digitization business challenge, and create
proposition and distinguish our unique needs. business value that meets investor
competitive advantage in the market. expectation.
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PT Telkom Indonesia (Persero) Tbk
March 2023
Telkom Landmark Tower, Gatot Subroto 52, Jakarta 12710 , Indonesia
www.telkom.co.id