Pt Telkom Indonesia (persero) Tbk Class B · IDX:TLKM
Pt Telkom Indonesia (persero) Tbk Class B — 9M25 Earnings Presentation
25 slides from Pt Telkom Indonesia (persero) Tbk Class B's earnings presentation, Oct 31, 2025
Slide 1: Accelerating Transformative Execution
Accelerating Transformative Execution Telkom Indonesia 9M25 Earnings Call 31 October 2025 PT TELKOM INDONESIA (PERSERO) TBK
Slide 2: Disclaimer
Disclaimer PT Telkom Indonesia (Persero) Tbk provides this presentation as a form of transparency to present data and information for our shareholders. In general, the content of this presentation are derived from internal analysis from credible documents and trustworthy sources. Some parts of this
Slide 3: Share Price Performance & Ownership
Share Price Performance & Ownership Long-Term Performance Supported by Solid Institutional Ownership Shareholder Composition and Ownership Summary TLKM vs IHSG Share Performance since IPO Since IPO: Danantara 25.0 TLKM: +16.0 x Public 52.1% 20.0 JCI: +16.2 x 47.9% Series-A share held by BP BUMN 15.0
Slide 4: Telkom Indonesia & Telkomsel - Board of Directors
Telkom Indonesia & Telkomsel - Board of Directors Dian Siswarini Arthur Angelo Nanang Faizal Rochmad Djoemadi Willy Saelan President Director Syailendra Hendarno Director of Director of Director of Director of Digital IT Human Capital Finance and Risk Veranita Network Seno Soemadji Honesti Basyir An
Slide 5: Recovering Government Spending Supporting Economic Activities
Recovering Government Spending Supporting Economic Activities Consumer Confidence Index (CCI) by Expenditure Level Bank Indonesia Retail Sales Growth (YoY) 150 10.0% 140 8.0% 130 120 6.0% 110 4.0% 100 2.0% 90 80 0.0% 70 -2.0% 60 -4.0% May 22 May 19 May 20 May 21 May 23 May 24 May 25 Jan 19 Jan 20 Ja
Slide 6: In 3Q25 Telkomsel Key Metrics Showed Positive Trends
In 3Q25 Telkomsel Key Metrics Showed Positive Trends ARPU & Data Yield both reported solid improvement while subscriber movement was muted Key Metrics: ARPU RPMB Customer Base TLKM Share Price 3470 3130 3060 2990 2710 2780 3.7 2410 3.6 3.3 3.2 3.1 45.3 2.9 45.0 2.7 44.0 43.1 43.4 42.4 41.3 159.7 159
Slide 7: Strong QoQ Results At Telkomsel Driven by Yield Optimization Strategy
Strong QoQ Results At Telkomsel Driven by Yield Optimization Strategy Total Revenue EBITDA Net Income (in Rp Bn) (in Rp Bn) (in Rp Bn) +3.4% +6.2% 26,616 27,530 11,740 12,468 +11.5% 20,017 21,041 +5.1% 18,178 19,607 44% 45% 4,224 4,710 16% 17% 2Q25 3Q25 2Q25 3Q25 2Q25 3Q25 Total Revenue Mobile Reven
Slide 8: Telkom Indonesia's Transformation Pillars
Telkom Indonesia’s Transformation Pillars Aiming to provide world-class digital ecosystem leadership at scale operaTional & service excellence streamLining ▪ Reforming corporate culture and governance ▪ Consolidate overlapping business units and divest ▪ Prudent capital allocation for both Capex and
Slide 9: Telkom's Future Corporate Structure
Telkom’s Future Corporate Structure Telkom is in the process of shifting to a strategic holding company structure from its current operational holding company structure. This shift will support management’s focus on strategic direction, guiding business lines and subsidiary management. Telkom Strate
Slide 10: B2B Infrastructure Business
B2B Infrastructure Business Announcement of Fiber Assets Spin-off to TIF on October 20th, 2025 2025 2026 1Q25 2Q25 3Q25 4Q25 H1 2026 H2 2026 1st Stage Spin-Off Progress YTD 2025 Agreement signing, & RUPSLB & Closing Potential effective Potential Next target on 1 Jul’26 milestone H2’26 Milestone Prel
Slide 11: B2B Infrastructure and International – Digital Infrastructure & Solutions Growth Engines
B2B Infrastructure and International – Digital Infrastructure & Solutions Growth Engines Expanding digital backbone and strengthening enterprise ecosystem Wholesale & International Business Enterprise • Digital Infrastructure Revenue Revenue Rp 14.2 tn 5.7% YoY • International Wholesale Voice Rp 1
Slide 12: 9M25 Financial & Operational Results
9M25 Financial & Operational Results PT TELKOM INDONESIA (PERSERO) TBK
Slide 13: Resilience Operation Amidst Ongoing Soft Macro
Resilience Operation Amidst Ongoing Soft Macro 9M25 Telkomsel (Stand-alone) Stable mobile customer base and strong growth in data payload consumption underpin signs of recovery EBITDA margin 44.8% 1.1ppt YoY 3Q25 QoQ Performance 9M25 YoY Performance Mobile customer 157.6 mn base 0.5% YoY Revenue
Slide 14: 9M25 Revenue Breakdown
9M25 Revenue Breakdown In Rp Tn -2.3% • Data, Internet & IT Services revenues in 9M25 edged lower, due to the impact of broader economic headwinds and muted consumer spending. However, quarterly -4.6% numbers started to show an inflection. 112.2 109.6 67.9 64.8 +0.5% -15.0% +13.6% 19.6 19.7 +3.4% 6.
Slide 15: 9M25 Operating Expenses Breakdown
9M25 Operating Expenses Breakdown In Rp Tn +1.0% • Total Operating Expense in 9M25 managed to be contained -0.7% 30.0 30.3 which reflects performance-aligned execution • Notable decline in personnel expense came as a result of Early 55.6 55.2 Retirement Program in 1H24. -9.5% 13.2 11.9 +13.0% -5.9%
Slide 16: 9M25 Capex update
9M25 Capex update Focused investments driving long-term digital infrastructure growth Capex Breakdown 9M25 (%) 5-year Capex Trend 9M25 Capex Trend YoY Capex (In Rp Tn) Capex to Revenue Ratio (%) 40.0 25.0 23.2 10.6 0.9 21.6 22.1 6.5 35.0 21.2 34.2 20.0 30.0 33.0 29.4 30.3 16.3 25.0 15.6 15.0 24.4 14
Slide 17: 9M25 Financial Ratios
9M25 Financial Ratios Net Debt to Equity (%) Debt to Equity (%) Net Debt to EBITDA (times) 36.0 54.2 47.5 47.3 47.4 50.1 29.7 43.5 0.6 0.6 28.6 42.2 0.6 23.9 25.6 0.5 20.8 19.9 0.4 0.4 0.4 FY20 FY21 FY22 FY23 FY24 9M24 9M25 FY20 FY21 FY22 FY23 FY24 9M24 9M25 FY20 FY21 FY22 FY23 FY24 9M24 9M25 Debt t
Slide 18: Improving Telkom's Total Shareholder Return
Improving Telkom’s Total Shareholder Return Driving Long-Term Value Creation Through Strategic Capital Management Share Buyback Program • Budget: IDR 3tn • Validity period: 28 Value Unlocking May 2025 – 27 May Dividend 2026 Total • Treasury stocks to Shareholder • Infranexia date: 1.75 Mn • Data Cen
Slide 19: 2025 Company Guidance
2025 Company Guidance 2025 Guidance Revised 2025 Guidance Revenue: Revenue: Flat Slight contraction EBITDA Margin: EBITDA Margin: c50% c50% Capex-to-Revenue ratio: Capex-to-Revenue ratio: c17-19% c17-19% PT TELKOM INDONESIA (PERSERO) TBK 19
Slide 20: Q&A
Q&A PT TELKOM INDONESIA (PERSERO) TBK
Slide 21: Thank you
Thank you Telkom Landmark Tower Gatot Subroto Kav. 52 Jakarta 12710 Indonesia www.telkom.co.id PT TELKOM INDONESIA (PERSERO) TBK
Slide 22: 9M25 Revenue Breakdown
9M25 Revenue Breakdown Consolidated Key Indicators (Rp Bn) 9M25 YoY 3Q25 QoQ 9M25 9M24 3Q25 2Q25 3Q24 (%) (%) Data, Internet, & IT Services 64,802 67,908 (4.6) 22,319 21,152 5.5 22,453 IndiHome 19,731 19,626 0.5 6,480 6,588 (1.6) 6,654 Interconnection 7,107 6,875 3.4 2,145 2,566 (16.4) 2,029 SMS, Fi
Slide 23: 9M25 Total Expense Breakdown
9M25 Total Expense Breakdown Consolidated Key Indicators (Rp Bn) 9M25 YoY 3Q25 QoQ 9M25 9M24 3Q25 2Q25 3Q24 (%) (%) Operation, Maintenance & Telecommunication Services (30,284) (29,977) 1.0 (10,524) (10,152) 3.7 (10,513) Personnel (11,903) (13,156) (9.5) (3,828) (3,917) (2.3) (3,671) Interconnection
Slide 24: 9M25 Total Expenses Breakdown
9M25 Total Expenses Breakdown Total Expenses +1.0% In Rp Tn 30.0 30.3 +3.4% 9M25 +0.8% 25.1 9M24 -9.5% 24.3 79.8 80.4 13.2 11.9 +13.0% +1.6% -5.9% 5.0 5.7 4.9 5.0 2.5 2.4 0.1 -0.1 9M24 9M25 O&M Personnel Interconnection G&A Marketing D&A Others - net +4.7% +0.1% +3.7% +9.2% +1.4% 3Q24 2Q25 3Q25 10.5
Slide 25: Quarterly Revenues & Operating Expense Improvement
Quarterly Revenues & Operating Expense Improvement Total Revenues (Quarterly) • Datin revenue shows quarterly improvement as the result of product simplification and yield optimization strategy. A relatively more benign +5.5 competition landscape also helps market repair. -0.7 +0.7 -0.8 • Legacy bus
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