Pt Sarana Menara Nusantara Tbk · IDX:TOWR
Pt Sarana Menara Nusantara Tbk — Q1 2026 Earnings Presentation
25 slides from Pt Sarana Menara Nusantara Tbk's earnings presentation, Jun 3, 2026
Slide 1: Indonesia’s Premier Digital Infrastructure Company – 1Q 2026 Results Presentation
Indonesia’s Premier Digital Infrastructure Company 1Q 2026 Results Presentation FY 2025 & Q1-2026 Results Indonesia’s Premier Digital Infrastructure Company PT Sarana Menara Nusantara Tbk TOWR.JK - TOWRIJ www.ptsmn.co.id investor.relations@ptsmn.co.id
Slide 2: TOWR Investment Highlights
TOWR Investment Highlights Premier digital infrastructure company in Indonesia One of the largest independent digital infrastructure companies in Stable ROI at 8.0%. Lower ROE of Indonesia with 36,572 towers and a 13.7%, reflecting recent rights issue total of ~181,700km fiber optic (a) network TOWR
Slide 3: TOWR’s Strategic Foundations for a Resilient and Sustainable Future
TOWR’s Strategic Foundations for a Resilient and Sustainable Future 1. Capital Management 2. Low-risk business 3. ESG-conscious company • Access to low-cost funding • Digital infrastructure business with high • Very small carbon footprint • Liquidity amounts to $ 1.3 bn 1 as of Mar demand difficult
Slide 4: The Industry
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Slide 5: TOWR’s Build to suit assets: Tower and Fiber
TOWR’s Build to suit assets: Tower and Fiber Long-term Predictable Revenue with Upside Potential Long-term contracts* (10 years or more), non-cancellable and PREDICTABLE REVENUE renewable DEPENDENT TENANTS High possibility of contract renewals due to high relocation cost and significant network impa
Slide 6: TOWR’s Connectivity Business
TOWR’s Connectivity Business High Growth through existing assets utilization TOWR has the most in independent infrastructure in Indonesia TOWR AN INDEPENDENT PROVIDER and large capability to reinvest thus having the most capability to expand LARGE ADDRESSABLE MARKET 1-5 years contracts with large ta
Slide 7: Tower Asset Portfolio
Tower Asset Portfolio Java, Bali, NTT, NTB Sumatera Kalimantan Sulawesi Maluku & Papua 21,476 Tower 8,313Tower 3,367 Tower 2,879 Tower 537 Tower Total Tower : 36,572
Slide 8: Fiber Optic Asset Portfolio
Fiber Optic Asset Portfolio 18 SUMATERA JAVA BALI NUSRA KALIMANTAN SULAWESI KM Pole 46,692 KM 107,101 KM 7,680 KM 7,883 KM 12,384 KM Powered by Bing © GeoNames, Mi crosoft, TomTom
Slide 9: SMN 1Q 2026 Performance
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Slide 10: Company Strategy: Build – Buy - Return
Company Strategy: Build – Buy - Return We maintain our position as a leading telecom infrastructure company and continue to deliver optimal value to our stakeholders. • Invest in built-to-suit towers and During 12 months ended 1Q 2026: colocation. BUILD ➢ Added 1,066 towers. • Continue with tower fi
Slide 11: Diverse Product Portfolio
Diverse Product Portfolio Currently we are the only independent infrastructure provider of scale offering the most complete suite of services to Indonesia telecom market TOWER Fiber to The Tower (FTTT) CONNECTIVITY • Total 36,572 towers and 60,743 • FTTT increases the value and • Actively seeking op
Slide 12: Diversifying Business Base
Diversifying Business Base In Rp Bn Capex Spend 2016 - Mar 2026 20,000 18,259 18,000 16,000 14,000 12,000 10,000 7,342 8,000 6,000 4,715 3,445 3,037 3,517 4,000 4,586 3,144 2,467 2,230 4,221 2,273 1,114 3,713 2,000 301 999 677 1,023 571 542 86 157 - 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 13: Track Record of Consistent Growth
Track Record of Consistent Growth . . . 70,000 252,000 60,000 202,000 50,000 152,000 40,000 30,000 102,000 20,000 52,000 10,000 - 2,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Mar-26 # Towers (Left Axis) # Tenancies (Left Axis) FTTT Km Generatin
Slide 14: and Strong Financial Performance
and Strong Financial Performance In Rp Bn 12,000 10,000 8,523 8,726 8,402 8,210 8,000 8,606 7,101 6,013 6,000 6,332 4,602 5,583 4,213 4,000 5,339 3,338 2,430 2,000 1,534 1,114 872 529 - 2018 2019 2020 2021 2022 2023 2024 2025 1Q26 Ann Revenue Tower Revenue Non Tower EBITDA AFFO* 1Q26 2018 2019 2020
Slide 15: Strong Investment Grade Balance Sheet
Strong Investment Grade Balance Sheet Leverage comfortably within investment grade range despite acquisitions and dividend Leverage Profile (Net Debt to LQA EBITDA) 4.43x 4.59x 4.15x 4.31x 3.74x 3.91x Net Debt to LQA 2.51x EBITDA (x) 2020 2021 2022 2023 2024 2025 1Q26 1Q 2026 Credit Matrix Gross Deb
Slide 16: SMN 1Q 2026 Summary of Financial Results
SMN 1Q 2026 Summary of Financial Results
Slide 17: Sarana Menara Nusantara (SMN) Group – Profit and Loss
Sarana Menara Nusantara (SMN) Group Abridged consolidated statement of profit and loss. (In RP Bn) 2020 2021 2022 2023 2024 2025 1Q25 1Q26 yoy Revenues 7,445.4 8,635.3 11,035.7 11,740.3 12,735.8 13,327.9 3,208.4 3,555.8 10.8% Cost of revenues (415.2) (480.4) (607.8) (684.5) (898.6) (1,115.1) (248.8)
Slide 18: Sarana Menara Nusantara (SMN) Group – Financial Position
Sarana Menara Nusantara (SMN) Group Abridged consolidated statement of financial positions. (In RP bn) 2020 2021 2022 2023 2024 2025 1Q26 ASSETS Current assets Cash and cash equivalents 1,442.6 4,748.4 308.6 428.7 940.2 647.5 2,274.0 Restricted cash 4.9 2.0 0.0 0.1 0.5 5.5 5.5 Trade receivables 1,24
Slide 19: Sarana Menara Nusantara (SMN) Group – Cash Flows
Sarana Menara Nusantara (SMN) Group Abridged consolidated statement of cash flows. 4,388 2,183 735 2,274 (2,852) (645) 648 Collection Cash Surplus bfr Financing Loan Proceed (Payment) Cash Beginning Capex+Opex* Interest Cash Ending
Slide 20: Profit and Loss Movement – 1Q 2026
Profit and Loss Movement – 1Q 2026 In Rp Billion Revenue EBITDA Net Income Attr to Parent 3,641.2 2,938.8 3,555.8 2,780.4 2,678.7 3,208.4 1,123.1 -85.4 (-2.3%) -158.4 (-5.4%) 940.7 802.9 -182.3 (-16.2%) +347.3(+10.8%) +101.7(+3.8%) +137.9(+17.2%) 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26
Slide 21: Revenue Analysis – 1Q 2025 vs 1Q 2026
Revenue Analysis – 1Q 2025 vs 1Q 2026 In Rp Billion 3,556 Mar-25 Mar-26 3,208 2,141 2,052 -4.1% +44.4% +3.7% -2.8% >100.0% +10.8% 502 549 569 348 269 168 163 3 Tower Connectivity FTTT FTTH Others Total
Slide 22: Summary Operational Data – 1Q 2025 vs 1Q 2026
Summary Operational Data – 1Q 2025 vs 1Q 2026 Towers Tenancy 36,572 35,506 60,743 #of Tenancy 58,045 #of Towers +2,698 (4.6%) +1,066 (3.0%) Mar-25 Mar-26 Mar-25 Mar-26 FTTT Connectivity FTTH 26,742 289,785 237,837 17,649 182,707 218,836 #Home Connect +107,078(58.6%) #Activations +9,093 (51.5%) +19,0
Slide 23: Appendix
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Slide 24: Long-term Debt: 64.3% floating, 35.7% fixed, avg. interest 5.5%
Long-term Debt: 64.3% floating, 35.7% fixed, avg. interest 5.5% • Incremental borrowing of the Company has been done in Rupiah, or in some cases where there are forex borrowing, financial hedges are then employed. • USD debt maturing 2028 and 2029 are covered with financial hedges at Rupiah to USD e
Slide 25: Disclaimer
This presentation material has been prepared solely for use in a presentation to be made by PT Sarana Menara Nusantara Tbk (the “Company”). This presentation material and any information contained herein is highly confidential and may not be copied, reproduced, redistributed, transmitted or disclose
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