First Half 2020 Results 29 July 2020
• PT Indosat Tbk ( “Indosat Ooredoo ” or “Company” ) cautions investors that certain statements contained in this document state its management's intentions, hopes, beliefs, expectations, or predictions of the future are forward-looking statements • The Company wishes to caution the reader that forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties including, but not limited to: • The Company’s ability to manage domestic and international growth and maintain a high level of customer service Future sales growth • Market acceptance of the Company’s product and service offerings • The Company’s ability to secure adequate financing or equity capital to fund our operations • Network expansion • Performance of the Company’s network and equipment • The Company’s ability to enter into strategic alliances or transactions • Cooperation of incumbent local exchange carriers in provisioning lines and interconnecting our equipment • Regulatory approval processes • Changes in technology • Price competition • Other market conditions and associated risks • • The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise 2
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40% increase in Daily Email Employees feel Traffic they work with 91 same or more energy during % WFH Key Highlights Over 93% employees checking in for work daily Employees feel 82 HAPPY during WFH Over 1000 daily online % meetings 5
Performance growth trends maintained in 1H 2020. Revenue up by 9.4% YoY and EBITDA up by 22.5% YoY. Key Highlights 57.2 Mn 40.4% 31.4 (IDR ‘000) +0.9% YoY +4.3 ppt YoY +12.4% YoY 13,452 Bn -341.1Bn 5,430 Bn (IDR) (IDR) (IDR) 6 +9.4% YoY -9.2Bn YoY +22.5% YoY
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• Solid revenue growth driven by data surge • EBITDA improvement driven by higher revenue and cost optimisation In IDR Billion In IDR Billion In IDR Billion In IDR Billion 265 +9.4% +22.5% +4.3 ppt +7.5 ppt 13,452 5,430 44.0% 40.4% 12,292 36.5% 36.1% 4,433 +28.2% +6.2% -341 -332 3,050 6,929 Financial Highlights 6,523 2,380 -606 -9.2Bn +870.1Bn H119 H120 Q120 Q220 H119 H120 Q120 Q220 H119 H120 Q120 Q220 H119 H120 Q120 Q220 8
• Strong growth continues in cellular revenue, 11.8% YOY and 7.4% QoQ • Fixed data grows despite challenging situation • Fixed voice degrowth , mainly attributed to COVID-19 situation In IDR Billion In IDR Billion In IDR Billion +2.4% +11,8% -19.8% 11,141 2,036 342 1,988 9,962 274 +7,4% +2.1% -9.4% 5,769 Financial Highlights 1,029 1,007 5,372 144 130 H119 H120 Q120 Q220 H119 H120 Q120 Q220 H119 H120 Q120 Q220 9
• Personnel Expenses growth implies Organization rightsizing result • Seasonality in Marketing Expenses • Further cost optimisation maintained, normalized growth 4.8% In IDR Billion 1H 2019 1H 2020 % Change 1Q 2020 2Q 2020 % Change In IDR Billion Cost of Services 5,853.5 5,764.4 -1.5% 2,866.4 2,898.0 1.1% Personnel 1,000.7 1,432.4 43.1% 893.2 539.2 -39.6% +2.1% 8,022 Marketing 557.9 541.7 -2.9% 249.4 292.3 17.2% 7,859 -6.4% General & Administration 446.6 283.2 -36.6% 134.1 149.1 11.2% 4,143 Financial Highlights 3,879 Total OPEX 7,858.7 8,021.7 2.1% 4,143.1 3,878.6 -6.4% Depreciation & Amortization 4,710.7 4,961.4 5.3% 2,467.6 2,493.8 1.1% H119 H120 Q120 Q220 Other Operating -1,074.9 -619.2 -42.4% -283.9 -335.3 18.1% Income/(Expenses) Total Expenses 11,494.5 12,363.9 7.6% 6,326.8 6,037.1 -4.6% 10
• Stronger balance sheet resulted in improved financial ratio • Committed to maintain a ratio below the bank covenant value of 4x Net Debt to EBITDA In IDR Billion 25,000 4.00 2.81 1.52 2.00 1.35 1.35 20,000 - 15,000 (2.00) Financial Highlights 20,885 (4.00) 10,000 15,306 14,625 14,625 (6.00) 5,000 (8.00) - (10.00) H1 19 H1 20 Q1 20 Q2 20 Net Debt Net Debt to EBITDA 11
• Accelerated network rollout in Q2’20 • IO on track to meet 2020 network expansion plans In IDR Billion In % +314.4% -22.4% 37.9% 34.2% 4,204 3,262 24.2% 2,628 Financial Highlights 9.7% 634 H1 19 H1 20 Q1 20 Q2 20 H1 19 H1 20 Q1 20 Q2 20 12 *excluding Right of Use assets under PSAK 73
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Continued growth in key operational KPIs Key Highlights 31.4 57.2 Mn 29.5 (IDR ‘000) +0.9% YoY -16.8% YoY +12.4% YoY 124,944 52,776 2,217 (‘000 TB) 14 +39k YoY +28k YoY +61% YoY
Key Highlights 15
• 57.2 million subscribers, growth of 0.9% YoY, 1 mn subscriber addition in Q2’20 • Continued growth in ARPU, over 12% YoY & QoQ ARPU growth • Data traffic continues on sustainable growth trajectory In Million In TB In IDR ‘000 +0.9% +1.8% +12.4% +12.1% +60.8% +18,3% 57.2 57.2 33.2 2,216,632 56.7 56.2 31.4 29.6 27.9 1,201,259 1,378,806 Operational Highlights 1,015,373 H119 H120 Q120 Q220 H119 H120 Q120 Q220 H119 H120 Q120 Q220 16
• Accelerating 4G network roll-out • 27,902 4G BTS added • Initiated 3G Spectrum refarming In ‘000 Count In ‘000 Count In ‘000 Count In ‘000 Count 52,8 52,8 51,0 30,0 52,2 133,2 124,9 124,9 45,4 45,4 26,8 26,8 40,1 21,4 Operational Highlights 86,4 24,9 H119 H120 Q120 Q220 H119 H120 Q120 Q220 H119 H120 Q120 Q220 H119 H120 Q120 Q220 17
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