Pt Solusi Sinergi Digital Tbk · IDX:WIFI
Pt Solusi Sinergi Digital Tbk — 9M 2025 Earnings Presentation
31 slides from Pt Solusi Sinergi Digital Tbk's earnings presentation, Dec 12, 2025
Slide 1: Analyst Meeting: 9M25 - 2025 3rd Quarter Earnings
ANALYST MEETING: 9M25 2025 3rd Quarter Earnings December 12, 2025
Slide 2: Management Team
Management Team Surge is led by highly experienced management team with proven execution track record in across verticals in Fixed Broadband and cellular Board of Commissioners President Commissioner Independent Commissioner 12 years at Hutchinson 3 Indonesia, with the latest role as SVP Former seni
Slide 3: Achievements and Milestones
Achievements and Milestones Phase 1 1 Phase 2 1sadsas Phase 3 Founding of legacy media business Laying the backbone of fiber business Building a national fixed broadband champion 2012 2014 2016 2019 2020 2022 2024 - Present Jul 2024 Formed strategic partnership Feb 2025 with Nokia to develop Arsari
Slide 4: The World First 5G FWA 1.4 GHz
Surge launched the 1st 5G FWA 1.4 GHz brand, Internet Rakyat (“IRA”): 12 Nov The World First 5G FWA 1.4 GHz
Slide 5: Pre-Register IRA
Surg digital ecosystems. PreRegister FWA resi Perabran 12 December, 2025, 11:31AM | 896,946 Wau Tera MelaukanSinkronsat Total Pre Registrasi “Trend PreRegistras| FWA
Slide 6: Total Addressable Market and Existing Towers Readiness
Total Addressable Market and Existing Towers Readiness Total Households in Indonesia, Tower breakdown by incumbents in R1 (as of Q2 2025) grouped by Regions Surge's primary tower vendors (million Households, 2024) 73.9 There are an estimated ~55K towers in R1 region Surge/Telemedia Region R1 - Java,
Slide 7: 5G FWA 1.4GHz ecosystem components and providers
Surge has established collaborations with partners and vendors across the entire 5G FWA 1.4GHz ecosystem HC FWA Radio Network to Tower IP Backbone & Core Network Internet International Within radius coverage IP Backbone gateway 3 Internet Overview 1 Nearest PoP 11 12 2 RAN + 9 Metro Metro 5 Baseband
Slide 8: Network Planning & Design Mapping - Java Island
NETWORK PLANNING & DESIGN Planning & Design Mapping - Java Island
Slide 9: Network Planning & Design: Blitar
NETWORK PLANNING & DESIGN Blitar
Slide 10: Network Planning & Design: Kediri
NETWORK PLANNING & DESIGN Kediri
Slide 11: Network Planning & Design: Cilegon
NETWORK PLANNING & DESIGN Cilegon
Slide 12: 5G FWA Sites
5G FWA Sites Next steps: Operational Readiness Test (ULO) & Commercial Launch
Slide 13: User Throughput
User Throughput Download Speed: 1.25 - 1.3 Gbps Mbps Note: The DL speeds are based on real-time field tests
Slide 14: Customer Journey & Onboarding
Customer Journey & Onboarding
Slide 15: Financial Overview: 9M25 Highlights
Financial Overview: 9M25 Highlights
Slide 16: 9M2025 Operational Performance Snapshot
9M2025 Operational Performance Snapshot Surge sustained strong momentum, hitting our operational targets across the board Home Passes Home Connect 1.5 million 830,000 ↑ 72% QoQ | ↑ + 634,000 HPs ↑ 114% QoQ | ↑ + 443,000 subscribers Take Up Rate Backbone Fiber Optics Network 55% ↑ 10.7% QoQ 10,000 KM
Slide 17: 9M2025 Operational Performance Snapshot
9M2025 Operational Performance Snapshot Surge has demonstrated track record in delivering exponential growth in FTTH Segment in past quarters Take up Rate (TUR) % 84.1% 83.3% 44.3% 55.0% as e d 7x x 1,510,000 incre d 4.5 P as s a s e re Home nnect inc e Co Hom 876,000 831,000 388,000 229,000 249,000
Slide 18: 9M2025 Financial Performance Snapshot
9M2025 Financial Performance Snapshot Surge’s operational scale-up translates into significant YoY growth across revenue, EBITDA, and cashflow. Growth are mainly contributed by the FTTH segment Revenue 9M2025 EBITDA Mix (in IDRmn) IDR 1.015 T ↑ 101% YoY | ↑ 78% QoQ 538,258 EBITDA IDR 697 bn ↑ 96% Yo
Slide 19: 9M2025 Financial Performance Snapshot
9M2025 Financial Performance Snapshot Improvements in core profitability ratios are driven by change of product mix Gross Margin Operating Margin Surge’s Product Mix (%) 68% 57% ↑ 7.0% YoY ↑ 6.5% YoY EBITDA Margin Net Profit Margin 69% 32.5% ↓2% YoY ↑ 1.1% YoY Surge’s core margins continue to improv
Slide 20: 9M2025 Financial Performance Snapshot: Indebtedness
9M2025 Financial Performance Snapshot Surge has refinanced portions of its bank loans and raised additional bond financing to support its growth initiatives Surge’s Indebtedness Summary Surge’s bonds are rated idA (Pefindo) and irA+ (KRI), reflecting a solid credit profile Surge’s indebtedness incre
Slide 21: 9M2025 Business Update: NTT's Investment
9M2025 Business Update: NTT’s Investment NTT e-Asia (“NTT”) acquired 49% of IJE, previously a 99.7% owned subsidiary of Surge, in July 2025 As of 30 June 2025 As of 30 September 2025 Following NTT e-Asia (“NTT”)’s acquisition of SURGE SURGE NTT 49% of IJE in July 2025 (IJE now 51% Surge / 49% NTT),
Slide 22: 9M2025 Business Update: NTT's Investment
9M2025 Business Update: NTT’s Investment With NTT’s capabilities and expertise, Surge and NTTs’ collaboration is primed for success NTT’s Track Record Strategic partnership with NTT NTT brings deep operational expertise and structured knowledge transfer, which can potentially accelerate Surge’s capa
Slide 23: 9M2025 Balance Sheet & Capital Structure
9M2025 Balance Sheet & Capital Structure Cash balance Debt to EBITDA (1) Debt to Equity IDR 5.7 tn 3.3x 0.4x Post rights-issue and debt drawdown Healthy leverage ratio Strong equity support Debt Service Capital Expenditure Coverage Ratio >3.0x IDR 2.4 T …mainly in Project Equipment Healthy debt serv
Slide 24: 9M2025 Summary
9M2025 Summary Surge: Growth Mode Ahead Surge’s EPS & DPS Sustained Growth Mode (in IDR / share) Surge remains in expansion mode, with 2026 as the first year of 97 meaningful FWA revenue contribution, complementing FTTH segment growth Surge paid only ~2-3% of its Investment-Led Expansion earnings as
Slide 25: Financial Overview: Guidance
Financial Overview: Guidance
Slide 26: Cautionary Language Concerning Forward-looking Statements
Cautionary Language Concerning Forward-looking Statements Information set forth in this presentation contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future
Slide 27: Management Guidance for FY2025E: FTTH Segment
Management Guidance for FY2025E FTTH Segment Home Passes Home Connect 2.5 million 1.5 million ↑ 66% QoQ | +1.0 million QoQ ↑ 81% QoQ | + 669,000 subscribers Take Up Rate Backbone Fiber Optics Network 60% ↑ 5% QoQ 10,000 KM+ Our guidance reflects accelerated momentum, underpinned by a track record of
Slide 28: Management Guidance for FY2025E: Financials
Management Guidance for FY2025E Financials Revenue EBITDA ~IDR 1.4 T ~IDR 940 bn Driven by the expected increase in Driven by higher TUR (%) FTTH subscribers from 831K to 1.5 mn by end of December and operational efficiency EBITDA Margin 64% Driven by operational leverage and efficiency Supported by
Slide 29: Management Guidance for FY2026E: FTTH Segment
Management Guidance for FY2026E FTTH Segment Home Passes Home Connect 5 million+ 3 million+ ↑ 100% YoY | +2.5 million YoY ↑100% YoY | +1.5 million YoY Take Up Rate 60% Our guidance reflects accelerated momentum, underpinned by a track record of delivering high growth quarter after quarter.
Slide 30: Management Guidance for FY2026E: 5G FWA Segment
Management Guidance for FY2026E 5G FWA Segment By end Dec 2025… By end Dec 2026 > 1M+ < 1 month 5,000+ ~1,000 ~5.0 mn pre-registrations since brand launch sites Customers per site Paying Subscribers Looking ahead, we expect an even steeper growth trajectory in FY2026 as we launch our FWA program in
Slide 31: Thank You
Ny k You | | elmer
PT Solusi Sinergi Digital Tbk (Surge) — 9M 2025 Earnings Presentation on 6ix