Pt Sarana Menara Nusantara Tbk · IDX:TOWR
Pt Sarana Menara Nusantara Tbk — Q4 2025 Earnings Presentation
24 slides from Pt Sarana Menara Nusantara Tbk's earnings presentation, Apr 6, 2026
Slide 1: 2025 Results Presentation
Gp) iN SARANA MENARA NUSANTARA Indonesia’s Premier Digital Infrastructure Company 2025 Results Presentation @ (ANE
Slide 2: TOWR Investment Highlights
TOWR Investment Highlights Premier digital infrastructure company in Indonesia One of the largest independent digital infrastructure companies in Maintained stable returns Indonesia with 36,247 towers and a total of ~173,800km fiber optic ROI 8.3% and ROE 16.0% network* TOWR shares included in Solid
Slide 3: TOWR strategy supports ESG & sustainability goals
TOWR strategy supports ESG & sustainability goals 1. Capital Management 2. Low-risk business 3. ESG-conscious company - Access to low-cost funding - Digital infrastructure business with - Very small carbon footprint - Liquidity amounts to $ 1.3 bn 1 as of high demand difficult to replace. - Towers a
Slide 4: The Industry
The Industry PT Sarana Menara Nusantara Tbk - 2025 4
Slide 5: Tower and Fiber Business
Tower and Fiber Business Long-term Predictable Revenue with Upside Long-term contracts* (10 years and can be longer), PREDICTABLE REVENUE non-cancellable and renewable for tower and for connectivity around 1-5 years contract DEPENDENT TENANTS Contract renewal likely due to high relocation cost and s
Slide 6: Update: Our Portfolio (Tower)
Update: Our Portfolio (Tower) Java, Bali, NTT, NTB Sumatera Kalimantan Sulawesi Maluku & Papua 21,325 Tower 8,249Tower 3,339 Tower 2,797 Tower 537 Tower Total Tower : 36,247 PT Sarana Menara Nusantara Tbk - 2025 6
Slide 7: Update: Our Portfolio (Revenue-generating Fiber)
Update: Our Portfolio (Revenue-generating Fiber) 18 FTTT KM Generating SUMATERA JAVA BALI NUSRA KALIMANTAN SULAWESI Revenue 60,504 KM 141,175 KM 7,403 KM 5,221 KM 9,993 KM SUMATERA JAVA BALI NUSRA KALIMANTAN SULAWESI FTTT KM Pole 34,284 KM 75,617 KM 4,401KM 4,002 KM 7,065 KM Powered by Bing © GeoNam
Slide 8: SMN 2025 Performance
SMN 2025 Performance PT Sarana Menara Nusantara Tbk - 2025 8
Slide 9: Company Strategy: Build – Buy - Return
Company Strategy: Build – Buy - Return We will 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 colocation. • Expand fiber optic network, in BUILD particular connectivity business includi
Slide 10: Diverse Product Portfolio
Diverse Product Portfolio Currently we are the only independent infrastructure provider of scale that provides most complete suite of services to Indonesia telecom market TOWER Fiber to The Tower (FTTT) CONNECTIVITY • Actively seeking opportunities to • Total 36,247 towers and • FTTT increases the v
Slide 11: Diversifying Business Base
Diversifying Business Base Capex Spend 2016-2025 20,000 18,259 80,000 18,000 67,305 62,608 70,000 16,000 52,993 60,000 14,000 46,439 12,000 39,850 50,000 10,000 20,568 40,000 7,342 8,000 30,000 15,670 6,000 4,715 10,085 6,072 20,000 4,000 3,445 3,144 3,037 3,517 4,586 2,273 2,467 2,230 3,713 4,221 1
Slide 12: 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 # Towers (Left Axis) # Tenancies (Left Axis) FTTT Km Generating Revenue (
Slide 13: and Strong Financial Performance
and Strong Financial Performance In Rp Bn 12,000 10,000 8,523 8,726 8,402 8,000 8,606 7,101 6,000 6,332 4,602 5,583 4,213 4,000 4,885 4,998 5,339 3,338 2,430 2,000 1,534 1,114 872 340 529 168 - 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Revenue Tower Revenue Non Tower EBITDA AFFO* 2017 2018 2
Slide 14: 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 Net Debt to LQA 2.51x EBITDA (x) 2020 2021 2022 2023 2024 2025 2025 Credit Matrix Gross Debt Rp44,580bn
Slide 15: SMN 2025 Summary of Financial Results
SMN 2025 Summary of Financial Results PT Sarana Menara Nusantara Tbk - 2025 15
Slide 16: Sarana Menara Nusantara (SMN) Group
Sarana Menara Nusantara (SMN) Group Abridged consolidated statement of profit and loss. (In RP Bn) 2020 2021 2022 2023 2024 2025 Revenues 7,445.4 8,635.3 11,035.7 11,740.3 12,735.8 13,327.9 Cost of revenues (415.2) (480.4) (607.8) (684.5) (898.6) (1,115.1) Depreciation and amortization (1,644.0) (1,
Slide 17: Sarana Menara Nusantara (SMN) Group
Sarana Menara Nusantara (SMN) Group Abridged consolidated statement of financial position. (In RP bn) 2020 2021 2022 2023 2024 2025 ASSETS Current assets Cash and cash equivalents 1,442.6 4,748.4 308.6 428.7 940.2 647.5 Restricted cash 4.9 2.0 0.0 0.1 0.5 5.5 Trade receivables 1,240.1 2,171.3 2,557.
Slide 18: SMN Group
SMN Group Abridged consolidated statement of cashflows (2025). In Rp Billion 14,963 5,497 (8,940) 4,175 (2,788) (579) 940 (7,243) 648 (1,202) Collection Interest Business Acquisition Loan Proceed (Payment) Cash Ending Cash Beginning Capex+Opex* Cash Surplus Operations Right Issue Dividend * Includin
Slide 19: Profit and Loss Movement 2025
Profit and Loss Movement 2025 In Rp Billion Revenue EBITDA 3,641.2 2,938.8 2,754.5 3,286.8 3,292.5 2,707.6 +348.7 (10.6%) +231.2 (8.5%) +354.4(+10.8%) +184.3 (6.7%) 4Q24 3Q25 4Q25 4Q24 3Q25 4Q25 Net Income Attr to Parent 1,123.1 888.2 903.2 +219.9 (24.3%) +234.9 (26.4%) 4Q24 3Q25 4Q25 PT Sarana Mena
Slide 20: Revenue Analysis – 2024 vs 2025
Revenue Analysis – 2024 vs 2025 In Rp Billion 13,328 12,736 2024 2025 8,523 8,726 +10.1% +4.1 +21.2% +4.6% +2.4% 2,076 2,285 1,594 1,659 543 658 Tower* FTTT Connectivity** FTTH Total * Including managed services ** Including Digital Payment and solar panel PT Sarana Menara Nusantara Tbk - 2025 20
Slide 21: Summary Operational Data - 2024 vs 2025
Summary Operational Data - 2024 vs 2025 Towers Tenancy 36,247 35,400 60,540 #of Tenancy 58,035 #of Towers +2,505 (4.3%) +847 (2.4%) 2024 2025 2024 2025 FTTT Connectivity FTTH 25,930 258,695 224,296 16,898 169,242 217,507 #Home Connect +89,453(52.9%) #Activations +9,032 (53.5%) +6,789 (3.1%) Kms 2024
Slide 22: Appendix
Appendix PT Sarana Menara Nusantara Tbk - 2025 22
Slide 23: Long Term Debt*: 69.2% floating, 30.8% fixed, avg. interest 6.0%
Long Term Debt*: 69.2% floating, 30.8% fixed, avg. interest 6.0% • 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
Slide 24: This presentation material has been prepared solely for use in a presentation to be
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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