Pt Solusi Sinergi Digital Tbk · IDX:WIFI
Pt Solusi Sinergi Digital Tbk — Q1 2026 Earnings Presentation
19 slides from Pt Solusi Sinergi Digital Tbk's earnings presentation, Jun 8, 2026
Slide 1: Earnings Report – Q1 2026 Results
Earnings Report – Q1 2026 Results PT SOLUSI SINERGI DIGITAL Tbk (“SURGE”) Subsidiary Companies: PT INTEGRASI JARINGAN EKOSISTEM (“WEAVE”) PT TELEMEDIA KOMUNIKASI PRATAMA (“TKP”) June 08, 2026
Slide 2: Market Noise vs Fundamental Signal: SURGE Remains on Track
PT SOLUSI SINERGI DIGITAL TBK (SURGE / WIFI) (01.2008 Analyst Meeting Opeoked MERGE Market Noise vs Fundamental Signal: SURGE Remains on Track Macro volatility has compressed Indonesian equity valuations, but SURGE operating indicators continue to point to scalable broadband growth. 1 Macro reset GE
Slide 3: User Experience Highlights – Ookla Index
User Experience Highlights – Ookla Index Key Take Away: • FTTH “Starlite” delivers a solid UX with 168Mbps versus competition • 5G FWA 1.4GHz “Ira” delivers outstanding UX of 73Mbps versus FTTH players • Both “Starlite” and “Ira” outperform competitors by far in terms of User Experiences (UX) with A
Slide 4: 5G FWA Key Milestones
5G FWA Key Milestones TKP was awarded 1.4 GHz (with 80 MHz BW) Broadband Wireless Access - Obtained IPFR license Soft launch – Feb. 19 - Signed 1st Tranche of (“BWA") license for Region-1 from Komdigi Syndicated Loan (Java, Maluku & Papua) via - Stress tests - ULO Certification for a public auction
Slide 5: Deployment Plan – 6300 sites
Deployment Plan – 6300 sites • Deployment is on-track to reach up to 6000+ sites fully integrated in 2026 with Customers Reach up to 5.5 million+ • All of the Network Infra Equipment and CPE devices are locked in IDR currency. Hence, Surge continues to expand without currency risks ✓ Up to 6,359 sit
Slide 6: Ira Commercialization and GTM Plan
Ira Commercialization and GTM Plan Grand Launching Special Promotion Ira progress: • Pre-registered Customers reached 1.1mn+ (end of Jan.’26) • Mapping the 1.1mn pre-registered customers against the on-air sites • Prioritize the on-air plan towards the pre-registered customers and Grand Launching ac
Slide 7: Agenda
1 Operational Highlights Agenda 2 Financial Highlights 6
Slide 8: Operational Overview: 1Q2026 Highlights
Operational Overview: 1Q2026 Highlights
Slide 9: 1Q2026 Operational Performance Snapshot
1Q2026 Operational Performance Snapshot Surge sustained strong momentum, hitting our operational targets across the board Home Passes Home Connect 2.7 million 1.7 million ↑ 66% QoQ | ↑ + 200,000 HPs ↑ 81% QoQ | ↑ + 190,000 subs. Take Up Rate Backbone Fiber Optics Network 63% ↑ 259bps QoQ 8,000 KM+ I
Slide 10: Operational Performance Snapshot
1Q2026 Operational Performance Snapshot Surge has demonstrated track record in delivering exponential growth in FTTH Segment in past quarters （all units in ‘000) 84% 83% 2,700 2,500 63% 58% 60% 55% 1,690 1,500 1,500 830 648 376 299 249 220 185 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 HP HC TUR (%)
Slide 11: Financial Overview: 1Q2026 Highlights
Financial Overview: 1Q2026 Highlights
Slide 12: 1Q2026 Financial Performance Snapshot
1Q2026 Financial Performance Snapshot Surge’s operational scale-up translates into significant YoY growth across revenue, EBITDA, and cashflow. Growth are mainly contributed by the telco segment Revenue Surge’s Product Mix (%) Surge’s EBITDA Mix (%) IDR 783 Bn ↑ 238% YoY | ↑ 21% QoQ 1Q2025 1Q2026 1Q
Slide 13: Financial Performance Snapshot: Margins
1Q2026 Financial Performance Snapshot Improvements in core profitability ratios are driven by change of product mix 1Q2026 EBITDA Margins(in IDRbn) Gross Margin Operating Margin Blended EBITDA margins: 56% 47% 57% ↓ 19% YoY ↓ 13% YoY 78% 55% 391 EBITDA Margin Net Profit Margin Gross Margin Operating
Slide 14: Change in Telco Product Mix
1Q2026 Financial Performance Snapshot Change in product mix within the Telco segment explains margins normalization Product Mix (%) Shift in Telco Segment’s Product Mix In 1Q2025, core lease made up 16% of Telco revenue, but in 1Q2026 Product Mix - Telco this has reduced to only 2%. 1Q2025 1Q2026 Co
Slide 15: Advertisement Segment
1Q2026 Advertisement Segment Advertising Segment: Short-term profitability impact from Strategic Internal Utilization 1Q2026 Operating profit By Segment 1Q2026 Performance Overview (in IDR mn) • The Advertising segment recorded 31% YoY revenue decline and a 9% increase in opex, which results in decl
Slide 16: Surge's Indebtedness Summary
1Q2026 Financial Performance Snapshot Surge’s Indebtedness Summary As of 31 Dec 2025 As of 31 March 2026 Bank Loans Bank Loans Surge’s indebtedness increased from IDR 5.1T in 2025 to ~IDR 5.4T IDR 2,473.7 Bn IDR 2,840 Bn in 1Q2026 as we secured more funding to support our Bonds Bonds accelerated FTT
Slide 17: Balance Sheet & Capital Structure
1Q2026 Balance Sheet & Capital Structure Cash balance Net Debt to EBITDA Debt to Equity IDR 5.4 tn (0.1x) 0.6x Post rights-issue and Healthy leverage ratio debt drawdown Strong equity support Debt Service Capital Expenditure Coverage Ratio 2.0x IDR 180 Bn …mainly in Project Equipment Healthy debt se
Slide 18: Capital Expenditure & Advances
1Q2026 Capital Expenditure & Advances 1Q2026 Incurred Capex – Tangible assets 1Q2026 Advanced Payments • Throughout 1Q2026, we made advanced capex for Capex Breakdown (IDRmn) purpose, particularly in relation to FWA / telco-related: 92,491 Asset Completed: Description In IDR mn 85.32% 73,077 Telco p
Slide 19: Thank You
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