Pt Xlsmart Telecom Sejahtera Tbk · IDX:EXCL
Pt Xlsmart Telecom Sejahtera Tbk — Q4 2025 Earnings Presentation
18 slides from Pt Xlsmart Telecom Sejahtera Tbk's earnings presentation, Feb 13, 2026
Slide 1: 4Q 2025 Results Presentation
’ XLSMART sa 4Q 2025 Results Present February 13, 2026
Slide 2: Disclaimer
Disclaimer @ XLSMART The following presentation contain statements about future events and expectations that are forward-looking statements by the management of PT XLSMART Telecom Sejahtera Tbk. (“XLSMART") (“Company”), relating to financial trends for future periods, compared to the results for pre
Slide 3: Key Highlights
@ XLSMART Key Highlights
Slide 4: Highlights
highlights essfully executed FY25 integration milestones ahead of plan, ater efficiencies. target achieved s have exceeded initial expectations, supporting margin en by a larger consolidated subs base, ARPU increasing by er through pricing simplification and improved experience. ork foundation, incl
Slide 5: Executing the merger & XLSMART
Executing the merger & XLSMART Tangible synergies & operational gains Better Enhanced Delivering Business Network Experience Synergy Continuity @) ( 8 a) ) | 4 —_ Network integration Increased download Delivered Maintain to complete by speed for all users USD ~250 mn service stability, 1H- 2026 by u
Slide 6: FY25 Integration progress
FY25 Integration progress bs XLSMART Y Highlights ( ) Integration milestones execution ahead of plan Key Milestones Completed all FY25 milestones in Network consolidation materially progressed, 8 months driving visible network performance gains G co. . Integrated sites to XLSMART network End state o
Slide 7: Accelerating 5G roll-out with clear brand positioning
Accelerating 5G roll-out with clear brand positioning a XLSMART XLSMART offers the first true 5G experience in Indonesia BE Blanket city coverage: wide 5G availability within served cities Sal aN Live across 33 cities today and expanding & Auto 5G experience: XLSMART subscribers with a 5G device can
Slide 8: Network update
sork update &s XLSMART Delivering high quality network experience and operational resilience +36% 747 225,649 165,864 0 348 165,530 te) 4,864 FY24 FY25 H ; XLSMART awarded Ookla Speedtest : 2c Misc Ml4c Misc XLSMART continues to expand its 5G Awards for Fastest 5G Network, f footprint, with recent l
Slide 9: Financial & Operational Highlights
@ XLSMART Financial & Operational Highlights
Slide 10: Building on ARPU momentum amid industry recovery
Building on ARPU momentum amid industry recovery Subs normalization following SP price adjustment, reinforcing focus on quality growth Mobile Subscribers (Mn) +24% r— -8% 4 79.6 a A A 1.7, 1.9, 1.9, 4Q24 3Q25 4Q25 Hl Prepaid Ml Postpaid Mobile ARPU (IDR'00O) 4Q24 3Q25 Hl Prepaid Ml Postpaid == Blend
Slide 11: Topline performance supported by price rationalization
Topline performance supported by price rationalization Accelerated integration increases near-term cost pressure on margins @ XLSMART Revenue (IDR Bn) PAT (IDR Bn) +125% *69% | — 0% 518 618 1154 1,155 11848 1848 ahs Lt i | -1,818 -4,414 \ 4Q24 3925 4Q 25 FY 24 FY 25 4Q24 3Q 25 4Q 25 FY24«FY25 HM Dat
Slide 12: Normalized EBITDA and PAT
Normalized EBITDA and PAT Business fundamentals remain strong despite one-off adjustments, ongoing integration @ XLSMART (in IDR Bn) Reported EBITDA 4,321 4,486 4,858 4,16 17,781 Integration costs (Opex) - 475 544 1,338 2,357 Normalized EBITDA Normalized EBITDA 4,321 4,962 5,402 5,454 20,138 and PAT
Slide 13: Cost base expansion after merger
Cost base expansion after merger Opex growth driven by expanded operations and integration efforts @ XLSMART Operating Expenses (IDR Bn) ox I - 7 rp *18% 0% | 24,665 7,783 6,595 16, [| 4,447 4Q 24 3Q25 4Q 25 FY 24 FY25 Operating Expenses (IDR Bn) 4Q24 3Q25 4Q25 FY 24 FY25 Interconnection and Other D
Slide 14: FY26 Guidance
FY26 Guidance @ XLSMART 14
Slide 15: FY26 guidance
FY26 guidance @ XLSMART Revenue growth In line with market EBITDA growth 2x revenue growth Capitalized Capex IDR ~15 Tn Merger synergies US$ 250 — 300 Mn* *Gross synergies
Slide 16: Thank You!
Thank You! https://www.xlsmart.co.id PT XLSMART Telecom Sejahtera Tbk XLSMART Tower, JL. H. R. Rasuna Said X5 Kav. 11-12 Kuningan Timur, Setiabudi Jakarta Selatan 12950 - Indonesia T. (021) 576 1881/576 1880
Slide 17: Enlarged debt & higher gearing due to impact from merger
Enlarged debt & higher gearing due to impact from merger @ XLSMART Free Cash Flow (IDR Bn) Capitalized Capex (IDR Bn) FY 24 FY 25 Free Cash Flow defined as EBITDA minus Capitalized Capex Gross & Net Debt (IDR Bn) Gearing Ratios (x) 23,662 3.53 20,996 3.38 12,493 44,107 FY 24 FY 25 FY 24 FY 25 WM cro
Slide 18: Diversified loan maturities and strategic rate positioning
Diversified loan maturities and strategic rate positioning ea XLSMART Interest Rate Profile Maturities (IDR Tn) 6.9 4.8 42 4.5 87% 2026 2027 2028 2029 2030 & ME IDRFixed Ml IDR Floating beyond
PT XLSMART Telecom Sejahtera — Q4 2025 Earnings Presentation on 6ix