Pt Telkom Indonesia (persero) Tbk Class B · IDX:TLKM
Pt Telkom Indonesia (persero) Tbk Class B — Q1 2026 Earnings Presentation
61 slides from Pt Telkom Indonesia (persero) Tbk Class B's earnings presentation, Jun 2, 2026
Slide 1: Reinventing the Core to Shape Indonesia's Digital Future
Reinventing the Core to Shape Indonesia’s Digital Future PT Telkom Indonesia (Persero) Tbk 1Q26 Corporate Presentation and Info Memo 2 June 2026 Reinventing the Core to Shape Indonesia’s Digital Future | Page
Slide 2: Disclaimer
Disclaimer PT Telkom Indonesia (Persero) Tbk has prepared this presentation solely for informational purposes and as part of its commitment to transparency for shareholders and investors. The information contained herein is derived from internal analysis, management discussions, and publicly disclos
Slide 3: Telkom Indonesia & Telkomsel - Board of Directors
Telkom Indonesia & Telkomsel - Board of Directors Dian Siswarini Arthur Angelo Nanang Faizal Rochmad Djoemadi Willy Saelan President Director Syailendra Hendarno Director of Director of Director of Director of Digital IT Budi Satria Human Capital Finance and Risk Veranita Network Seno Soemadji Andy
Slide 4: Share Price Performance & Ownership
Share Price Performance & Ownership Long-Term Performance Supported by Solid Institutional Ownership Shareholder Composition and Ownership Summary TLKM vs IHSG Share Performance since IPO Danantara Since IPO: 30.0 TLKM: +14.8 x Public 52.1% JCI: +14.0 x 47.9% Series-A share held by BP BUMN 25.0 20.0
Slide 5: TLKM Share Price & Key Events on Indonesia Telco Sector
TLKM Share Price & Key Events on Indonesia Telco Sector Share price movement reflects sector consolidation, macro pressures, and strategic execution milestones across Indonesia’s evolving telco landscape Prior Events Mar 25 28 Jan 26 31 Oct 17 - SIM Card Registration Enacted Product MSCI Mar 21 – 2.
Slide 6: Imported inflation, FX Depreciation & Rising Rates Pressure Fiscal Outlook
Imported inflation, FX Depreciation & Rising Rates Pressure Fiscal Outlook Consumer Confidence Index (CCI) Outlook Starting to Decline Imported Inflation & El Nino a Concern as Bond Rates Rise 150 8.0% 8 140 7.0% 7 130 6.0% 6 120 5.0% 5 110 4.0% 4 100 3.0% 3 90 80 2.0% 2 70 1.0% 1 60 0.0% 0 Mar 25 M
Slide 7: Telkom Indonesia's Transformation Pillars
Telkom Indonesia’s Transformation Pillars Aiming to provide world-class digital ecosystem leadership at scale 1 operaTional & service excellence streamLining 2 ▪ Reforming corporate culture and governance. ▪ Consolidate overlapping business units and divest non-core businesses. ▪ Prudent capital all
Slide 8: Progress on TLKM30 Initiatives (1/2)
TLKM30 Transformation Pillars Progress on TLKM30 Initiatives (1/2) Executing TLKM30 initiatives through focusing on cash flow generation, efficiency gains and streamlining 1. operaTional & service excellence 2. streamLining & back to core strength A. Operating (OCF) & Free Cash Flow to the Firm (FCF
Slide 9: Progress on TLKM30 Initiatives (2/2)
TLKM30 Transformation Pillars Progress on TLKM30 Initiatives (2/2) Advancing value creation through infrastructure monetization, strategic restructuring, and progressing to End State Structure 3. unlocK value 4. Modus-operandi shift A. i. Phase-1 fiber asset spin-off completion B. End State Structur
Slide 10: TLKM30 Transformation – Setting the Foundation for Future Growth
TLKM30 Transformation – Setting the Foundation for Future Growth Resetting legacy assets & governance to improve transparency Accounting Policy Change Progress on SEC investigation ✓ Applied retrospectively to the extent practicable. ✓ 6K filed to address legacy matters – Governance Reset. ✓ Adjustm
Slide 11: ARPU & Data Yield Recovery Continued in 1Q26
1Q26 Telkomsel – Stand Alone data ARPU & Data Yield Recovery Continued in 1Q26 Driving growth supported by improving ARPU, payload, and focus on quality subscribers Key Metrics: 6.0 50.0 5,798 5,832 5,770 5,643 5,622 5.5 5,355 45.3 45.0 45.0 45.1 5,028 44.0 45.0 43.4 5.0 42.4 4,814 41.3 4,711 43.1 4
Slide 12: Improving Telkom's Total Shareholder Return (TSR)
Improving Telkom’s Total Shareholder Return (TSR) Driving long-term value creation through strategic capital management Share Price Performance 2025: +28.4% Share Buyback Program FY24 Dividend Yield: • Budget: Rp 3tn Total Shareholder +7.3% Value Unlocking Return (TSR) 2025: • Validity period: Divid
Slide 13: 1Q26 Financial & Operational Results
1Q26 Financial & Operational Results Reinventing the Accelerating Core to Shape Transformative Indonesia’sExecution Digital Future | |Page Page
Slide 14: Evolving Toward HoldCo → OpCo Model
Evolving Toward HoldCo → OpCo Model Simplifying segment reporting & business lines for better transparency, performance measurement and valuation unlock Why Change? Current State Business-Line Reporting Segment-Led Reporting & Management Historical reporting structure was built around parenting Repo
Slide 15: 1Q26 Revenue Based on Business Segments (1/2)
Key Changes - Highlights from 1Q26 1Q26 Revenue Based on Business Segments (1/2) Segment-based reporting structure to enhance transparency, strategic focus, and value unlock 37,189 Revenues (Rp bn) 1,922 27,531 2,801 3,089 508 2,354 External revenues Inter-segment revenues 16,298 27,023 27,023 7,816
Slide 16: 1Q26 Revenue Based on Business Segments (2/2)
Key Changes - Highlights from 1Q26 1Q26 Revenue Based on Business Segments (2/2) External revenue remains B2C-led, while B2B Infra demonstrates internal platform value and future monetization potential • B2C revenue increased by 2.3% YoY in 1Q26 to Rp 27.0tn, primarily driven by the 13.9% YoY growth
Slide 17: 1Q26 Results Highlights
Consolidated 1Q26 Results Highlights Sustained growth driven by data and digital connectivity demand Financial Highlights Telkomsel (stand-alone before elimination) Revenue Rp 37.2tn Revenue Rp 27.6tn 1.5% YoY 1.3% YoY EBITDA Rp 18.0tn EBITDA Margin 48.3% EBITDA Rp 13.1tn EBITDA Margin 47.6% 1
Slide 18: Normalized 1Q26 Net Income Reflects Underlying Earnings Resilience
Key Changes - Highlights from 1Q26 Normalized 1Q26 Net Income Reflects Underlying Earnings Resilience 1Q26 Reported → Normalized Net Income (Rp bn) 309 76 93 5,134 • 1Q26 normalized net income stood at Rp 5.1tn 498 after adjusting for non-recurring and non-cash items. 4,344 • The normalization adjus
Slide 19: Free Cash Flow Stronger on Lower Capex and Disciplined Funding
Key Changes - Highlights from 1Q26 Free Cash Flow Stronger on Lower Capex and Disciplined Funding TTM FCFF rose 15.5% YoY to Rp 43.3tn, supported by resilient OCF, lower cash capex, and reduced financing burden • Operating cash flow remained resilient, increasing Key Indicators (TTM)* Consolidated 2
Slide 20: Telkomsel Sustains Quality Growth Despite Seasonal 1Q Normalization
Highlights B2C – Telkomsel Telkomsel Sustains Quality Growth Despite Seasonal 1Q Normalization Total Revenue* (in Rp bn) EBITDA* (in Rp bn) Net Income* (in Rp bn) +1.3% +6.9% -4.9% -1.2% -0.1% -5.7% 5,351 5,401 27,530 27,932 27,587 13,137 13,123 5,091 27,229 26,616 12,279 12,468 4,710 11,740 4,224 1
Slide 21: B2B Infra, B2B ICT, and International Business Pillars
Highlights B2B Infra, B2B ICT, International B2B Infra, B2B ICT, and International Business Pillars Infrastructure remains the backbone for value unlock, while B2B ICT is being repositioned toward higher-quality enterprise growth B2B Infra B2B ICT Enterprise International External Revenue External R
Slide 22: 1Q26 Capex Realization & Capex-to-Revenue Ratio
Key Changes - Highlights from 1Q26 1Q26 Capex Realization & Capex-to-Revenue Ratio Capex spending remains disciplined and >96% of Capex was spent on B2C and B2B Infra Capex Breakdown 1Q26 (%) Capex Trend Based on Segments Fixed (PPE) and intangible assets additions Fixed (PPE) assets additions 25.2%
Slide 23: FY26 Company Guidance
FY26 Company Guidance 1Q26 Achievement 2026 Guidance Revenue Growth: Normalized Revenue Growth: 1.5% 1-3% EBITDA Margin: Normalized EBITDA Margin: 48.3% >50% *Capex-to-Revenue ratio (C2R): *Capex-to-Revenue ratio (C2R): 13.2% c17-19% *C2R reflects fixed assets & intangible assets over consolidated r
Slide 24: Significant & Subsequent Events
1Q26 Consolidated – Supplementary Information Significant & Subsequent Events Significant Events 1. Share Buyback • Based on the Minutes of the General Meeting of Shareholders (GMS) Telkom’s share buyback program was approved with a maximum allocated fund of Rp 3tn. As of March 31, 2026, Telkom had
Slide 25: Info Memo Data & Financial Statements
Info Memo Data & Financial Statements Reinventing the Core to Shape Indonesia’s Digital Future | Page
Slide 26: 1Q26 Financial Highlights
1Q26 Consolidated – Info Memo Data & FS 1Q26 Financial Highlights Resilient Revenue Growth, with Profitability Impacted by Cost and Non-Cash Items • Revenue in 1Q26 increased 1.5% YoY to Rp 37.2tn in 1Q26, supported by the growth in Telkomsel’s digital business (+8.8% YoY), with mobile ARPU rising t
Slide 27: 1Q26 Business Lines Revenue - Stable QoQ Amid Mixed Segment Performance
1Q26 Consolidated – Info Memo Data & FS 1Q26 Business Lines Revenue - Stable QoQ Amid Mixed Segment Performance Revenue (Rp bn) +1.5% YoY +0.2% QoQ 36,639 37,125 37,189 2,203 • Total revenue was stable QoQ and grew modestly YoY, as Data, Internet & 3,679 3,442 1,427 IT Services growth offset pressur
Slide 28: 1Q26 Business Lines Revenue - Stable QoQ Amid Mixed Segment Performance
1Q26 Consolidated – Info Memo Data & FS 1Q26 Business Lines Revenue - Stable QoQ Amid Mixed Segment Performance Data, Internet & IT Service revenues • Increased by 10.9% YoY to Rp 23.6tn in 1Q26, driven by the growth in Telkomsel’s Digital Business (+8.8% YoY) supported by industry mobile revenue re
Slide 29: 1Q26 Expense Breakdown (1/2)
1Q26 Consolidated – Info Memo Data & FS 1Q26 Expense Breakdown – Stable QoQ Operating Costs Amid YoY Increase (1/2) Normalized total expense rose only 2.5% YoY after adjusting for depreciation impact and investment MTM, while operating expenses remained broadly flat QoQ 1Q26 Total Expense (Rp bn) 1Q
Slide 30: 1Q26 Expense Breakdown (2/2)
1Q26 Consolidated – Info Memo Data & FS 1Q26 Expense Breakdown – Stable QoQ Operating Costs Amid YoY Increase (2/2) Operation, Maintenance & Telco Services (O&M) expenses • Total Operating Expense increased by 4.4% YoY, while O&M Expense increased 1Q26 (+15.5% YoY) to Rp 11.1tn, mainly driven by hig
Slide 31: 1Q26 Cash Flow Remained Healthy Driven by OCF Recovery and Capex Discipline
1Q26 Consolidated – Info Memo Data & FS 1Q26 Cash Flow Remained Healthy Driven by OCF Recovery and Capex Discipline Consolidated Key Indicators (Rp. Bn) 1Q26 YoY 1Q26 QoQ 1Q26 1Q25 4Q25 (%) (%) Cash Flows from Operating Activities 17,290 16,776 3.1 14,237 21.4 Cash Flows used in Investing Activities
Slide 32: 1Q26 Debt Profile - Lower Debt Balance with Majority Rupiah Exposure
1Q26 Consolidated – Info Memo Data & FS 1Q26 Debt Profile - Lower Debt Balance with Majority Rupiah Exposure As of 1Q26, the majority of Telkom’s debt remained denominated in Rupiah. Total debt excluding leases declined by 10.5% YTD to Rp 45.5tn, while total debt including leases decreased by 8.2% Y
Slide 33: 1Q26 Key Financial Ratios - Lower Net Debt and Improved Return Metrics
1Q26 Consolidated – Info Memo Data & FS 1Q26 Key Financial Ratios - Lower Net Debt and Improved Return Metrics Debt to Equity (%) Debt to EBITDA (x) Return on Equity (%) Return on Assets (%) 17.23 17.81 49.85 49.76 49.76 1.02 1.04 1.03 16.51 9.80 9.38 9.57 15.54 0.96 8.35 44.11 FY24 FY25 1Q25 1Q26 1
Slide 34: FY24 & FY23 Financial Statement (Restated) Impact from Accounting Policy Change
Key Changes - Highlights from 2025 FY24 & FY23 Financial Statement (Restated) Impact from change in Accounting Policy • Drop cable (“last mile to customer”) reclassified as a separate asset component (from access network) to better reflect customer-specific nature. • Drop cable useful life changed f
Slide 35: Stand Alone Data
Stand Alone Data Accelerating Reinventing the Transformative Core to Shape Indonesia’sExecution Page 35 | |Page Digital Future
Slide 36: Disciplined Execution Supporting Sustainable 1Q26 Growth
1Q26 Telkomsel – Stand Alone data Disciplined Execution Supporting Sustainable 1Q26 Growth Sustainable value creation via disciplined market repair, quality growth, and stronger household ecosystem 1. Telkomsel continued to maintain pricing discipline translating into healthier productivity and prof
Slide 37: Telkomsel - Sustaining Resilient Growth Through Disciplined Market Execution (1/2)
1Q26 Telkomsel – Stand Alone data Telkomsel - Sustaining Resilient Growth Through Disciplined Market Execution (1/2) Profitability growth supported by disciplined cost management, operational efficiency, and improving market conditions CONSOLIDATED STATEMENTS OF PROFIT AND LOSS FOR THREE MONTHS PERI
Slide 38: Telkomsel - Maintaining a Healthy Financial Position (1/3)
1Q26 Telkomsel – Stand Alone data Telkomsel - Maintaining a Healthy Financial Position (1/3) Strong financial fundamentals maintained through disciplined capital allocation, efficient funding strategy, and sustainable cash generation CONSOLIDATED STATEMENTS OF FINANCIAL POSITION MARCH 31, 2026 (UNAU
Slide 39: Telkomsel - Maintaining a Healthy Financial Position (2/3)
1Q26 Telkomsel – Stand Alone data Telkomsel - Maintaining a Healthy Financial Position (2/3) Strong financial fundamentals maintained through disciplined capital allocation, efficient funding strategy, and sustainable cash generation CONSOLIDATED STATEMENTS OF FINANCIAL POSITION MARCH 31, 2026 (UNAU
Slide 40: Telkomsel - Maintaining a Healthy Financial Position (3/3)
1Q26 Telkomsel – Stand Alone data Telkomsel - Maintaining a Healthy Financial Position (3/3) Strong financial fundamentals maintained through disciplined capital allocation, efficient funding strategy, and sustainable cash generation Cash Flow Description Mar-25 Mar-26 YoY Growth Cash flow from Oper
Slide 41: Telkomsel - Quality-Led Growth Driven by Mobile Business Momentum
1Q26 Telkomsel – Stand Alone data Telkomsel - Quality-Led Growth Driven by Mobile Business Momentum Supported by disciplined pricing and quality-led growth, translating into stronger customer productivity and improved ARPU Mobile Revenue Customer Base ARPU Payload RpMB BTS (in Rp Bn) (in 000) (in Rp
Slide 42: Focused on improving Quality led Convergence Customers
1Q26 Telkomsel – Stand Alone data Focused on improving Quality led Convergence Customers Strengthening household ecosystem engagement through disciplined customer expansion, retention quality, and value- driven growth FBB Revenue. FBB Subscribers ARPU Convergence (in Rp Bn) (in 000) (in Rp 000) User
Slide 43: Appendix
Appendix Reinventing the Core to Shape Indonesia’s Digital Future | Page
Slide 44: Telkom Indonesia's BoD KPI 2026
Telkom Indonesia’s BoD KPI 2026 Balanced KPI framework focused on profitability, transformation, and operational efficiency while excelling on customer experience No KPI Weight (%) 1 Shareholder Value Creation (NI, ROIC≥WACC, TSR, FCF, C2R) 53 2 Strategic Holding Implementation (incl. Subsidiary Str
Slide 45: Telkom Indonesia's Extensive Digital Infrastructure
1Q26 TLKM - Appendix Telkom Indonesia’s Extensive Digital Infrastructure Apart from Telkomsel, our next-largest value creation will come from unlocking our infrastructure business 211K+ km Fiber Backbone Network 58 Point of Presence (PoP) in 26 Countries Domestic 115,844 km International 95,200 km 5
Slide 46: TLKM Data Center Business - From Domestic Scale to Regional Growth Platform
1Q26 TLKM - Appendix TLKM Data Center Business - From Domestic Scale to Regional Growth Platform Indonesia’s 3rd largest Data Center Business with an Opportunity to Unlock Value & Monetize through Strategic Partnership ~5MW Total Effective Existing Capacity end of 2025 ~49.9MW + 2,757 racks NeutraDC
Slide 47: B2B ICT Segment – Repositioned for Quality Growth
1Q26 TLKM - Appendix B2B ICT Segment – Repositioned for Quality Growth and Connectivity-Led Solutions Repositioning B2B ICT toward stronger enterprise, government, and SME solutions despite near-term revenue pressure • B2B ICT revenue declined by 17.6% YoY to Rp 3.1tn, as the segment is currently un
Slide 48: Mitratel 1Q26 Operational & Financial Highlights (1/2)
1Q26 TLKM - Appendix B2B Infra - Mitratel (MTEL IJ) 1Q26 Operational & Financial Highlights (1/2) The Largest Independent TowerCo in SEA & Indonesia • The Largest TowerCo in Southeast Asia with 40,327 Towers across Indonesia of which 59% sites are located in ex-Java, inline with MNO expansion and to
Slide 49: Mitratel 1Q26 Operational & Financial Highlights (2/2)
1Q26 TLKM - Appendix B2B Infra - Mitratel (MTEL IJ) 1Q26 Operational & Financial Highlights (2/2) The Largest Independent TowerCo in SEA & Indonesia Operational Performance 1Q26 # of Colocation Fiber (km) Physical asset # of Tower # of Tenants +2,340 +4,735 +734 +3,074 60,259 63,333 58,279 53,544 39
Slide 50: Telkom Indonesia Awards & Recognition – 1Q26
1Q26 TLKM - Appendix Telkom Indonesia Awards & Recognition – 1Q26 External recognitions in 1Q26 reinforce Telkom’s progress in digital innovation, ESG, and stakeholder engagement. No Date Award From Achievement Best Public Relations 2026 in Communicating Strategic 1 28 January 2026 Indonesia Public
Slide 51: Telkom Indonesia Previous & Current Share Buybacks
1Q26 TLKM - Appendix Telkom Indonesia Previous & Current Share Buybacks Journey to improve shareholder return SBB I SBB III TLKM TLKM 21/12/2005 : Rp 1.210 20/06/2008 : Rp 1.553 21/06/2007 : Rp 1.950 22/12/2009 : Rp 1.943 (↑61,16%) (↑25,11%) SBB II SBB IV TLKM TLKM 29/06/2007 : Rp 1.970 19/05/2011 :
Slide 52: ESG Data
ESG Data Reinventing the Core to Shape Indonesia’s Digital Future | Page 52
Slide 53: ESG Strategy, Metrics and Targets 2030
ESG – Sustainability Actions (1/8) ESG Strategy, Metrics and Targets 2030 Driving measurable sustainability outcomes through climate action, inclusive growth, and responsible governance by 2030 Save our Planet Empower Our People Elevate Our Business Climate change and Diversity, equity, and inclusio
Slide 54: ESG Performance FY25
ESG – Sustainability Actions (2/8) ESG Performance FY25 Save our Planet Empower Our People Elevate Our Business 4,153,661.33 tCO2e 31.7% 100% 52% Scope 2 of TelkomGroup employees are women Level of compliance with applicable Total emissions of TelkomGroup & regulations Scope 2 (Indirect) Sources 21%
Slide 55: Telkom Indonesia Sustainability Journey
ESG – Sustainability Actions (3/8) Telkom Indonesia Sustainability Journey 2025 2024 Telkom has established a sustainability • 2024 GHG emissions (Scopes 1–3) are verified under ISO 14064- policy that includes the formation of a Telkom’s ESG principles focus on creating long-term value 1:2018 per GH
Slide 56: Telkom Group Emission Profile
ESG – Sustainability Actions (4/8) Telkom Group Emission Profile Green House Emission (ton CO2e) SUMMARY 2023 2024 2025 Scope 1 83,730.01 82,085.37 46,068.08 Stationary Combustion 28,044.60 27,381.46 12,288.35 Mobile Combustion 28,704.86 27,182.00 21,874.05 Fugitive Emissions 26,947.46 27,491.11 10,
Slide 57: Telkom Group Emission Profile 2023 (Scope 1 & 2)
ESG – Sustainability Actions (5/8) Telkom Group Emission Profile 2023 (Scope 1 & 2) From Telkom Group’s total emissions, Telkom previously accounted for 17.7%. However, after the asset transfer to TIF, 14.5% of Telkom’s emissions were reallocated to TIF, leaving Telkom with 3.2% emission. In additio
Slide 58: Telkom's Emissions Pathway to Net-Zero
ESG – Sustainability Actions (6/8) Telkom’s Emissions Pathway to Net-Zero Governments effort to Remaining Emissions After Offset Grid Decarbonisation decarbonize energy sector 4.5 Biodiesel Mix Mandate Refrigerant Replacement Millions Electrification Renewable Energy & Energy Storage • PLN’s shift t
Slide 59: Telkom Group's Pathway to Emissions Milestones 2023 - 2030
ESG – Sustainability Actions (7/8) Telkom Group’s Pathway to Emissions Pathway For Scope 1 & 2 Emissions Milestones 2023 - 2030 Short-term targets Medium-term targets Long-term targets 20% reduction of scope 1 and 40% reduction of scope 1 70% reduction of scope 1 Telkom Group 4.0 scope 2 emissions b
Slide 60: Telkom Group's Emission Pathway to Net Zero
ESG – Sustainability Actions (8/8) Telkom Group’s Emission Pathway to Net Zero By 2030, Telkom Group’s decarbonization levers are projected to reduce baseline emissions by 21.6%—driven primarily by grid decarbonization PLN, complemented by REC purchases in 2030 and energy efficiency & equipment mode
Slide 61: Thank you
Thank you Telkom Landmark Tower Gatot Subroto Kav. 52 Jakarta 12710 Indonesia www.telkom.co.id Reinventing the Core to Shape Indonesia’s Digital Future | Page
PT Telkom Indonesia (Persero) — Q1 2026 Earnings Presentation on 6ix