| | 9M 2019 Results
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9M 2019 Results
| |PT Indosat Tbk. – 9M 2019 Results 2
• PT Indosat Tbk ( “Indosat Ooredoo” or “Company” ) cautions investors that certain statements contained in this document state its management's intentions, hopes, beliefs, expectations, or predictions of the future are forward-looking statements
• The Company wishes to caution the reader that forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties including, but not limited to:• The Company’s ability to manage domestic and international growth and maintain a high level of
customer service• Future sales growth• Market acceptance of the Company’s product and service offerings• The Company’s ability to secure adequate financing or equity capital to fund our operations• Network expansion• Performance of the Company’s network and equipment• The Company’s ability to enter into strategic alliances or transactions• Cooperation of incumbent local exchange carriers in provisioning lines and interconnecting our
equipment• Regulatory approval processes• Changes in technology• Price competition• Other market conditions and associated risks
• The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise
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| |PT Indosat Tbk. – 9M 2019 Results 4
Shareholding Position:as of 31 Oct 2019
Total Shares Outstanding : 5,433,933,500 shares
Market Capitalization: Rp 17,8 trillion
Corporate & Bond Ratings:Pefindo :
Stable Outlook :
Local Currency Debt : idAAA
Local Sukuk Ijarah : idAAA (sy)
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| |PT Indosat Tbk. – 9M 2019 Results 6
• Strong top line YoY growth due to strong cellular revenue increase, boosted by data
revenue growth
• Three consecutive quarters of EBITDA growth
• Customer base continues to grow on a QoQ basis by 2.1 million to 59mn
• Massive network roll-out maintained, 4G BTS reached 29k.
• Sale of 3,100 towers with potential value of IDR 6.4 tn to Protelindo and Mitratel
(subsidiary of Telkom Indonesia), the asset will be leased back for 10 years, and deal
expected to close end of year 2019.
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| |6 November 2019PT Indosat Tbk. – 9M 2019 Results 8
Operating Revenue EBITDA EBITDA Margin Loss Attributable to Owners of the Parent
12.4% 40.7% 7.7ppt 81.5%
• 12.4% YOY Revenue growth and 40.7% YOY EBITDA Growth
16,770
18,853
9M18 9M19
Operating Revenue (in Bio)
5,145 7,238
9M18 9M19
EBITDA (in Bio)
30.7%38.4%
9M18 9M19
EBITDA Margin
(1,539)
(285)
Loss for the Year Attributable to Owners
of the Parent9M18 9M19
| |6 November 2019PT Indosat Tbk. – 9M 2019 Results 9
Operating Revenue EBITDA EBITDA Margin Profit (Loss) Attributable to Owners of the Company
5.1% 23.2% 6.3ppt 86 bn
• 5.1% QoQ Revenue growth and 23.2% QoQ EBITDA Growth
6,245
6,562
Q2 19 Q3 19
Operating Revenue (in Bio)
2,276 2,805
Q2 19 Q3 19
EBITDA (in Bio)
36.4%
42.7%
Q2 19 Q3 19
EBITDA Margin
(39)
47
Q2 19 Q3 19
Profit (Loss) for the Year Attributable to Owners of
the Company
| |PT Indosat Tbk. – 9M 2019 Results 10
• Cellular Revenue grew by 14.5% YOY driving the 9M 2019 revenue growth to 12.4% YoY
4,530 4,851 4,858 5,103 5,123
1,016 1,358 1,026 962 1,260
158 161 162 180 179
2018Q3
2018Q4
2019Q1
2019Q2
2019Q3
Cellular Fixed Data Fixed Voice
Q3 2019Growth Percentage
QoQ QoY YoY
Cellular 0.4% 13.1% 14.5%
Fixed Data 31.0% 24.1% 7.4%
Fixed Voice -0.9% 13.0% -8.5%
Total Revenue 5.1% 15.0% 12.4%
| |PT Indosat Tbk. – 9M 2019 Results 11
• 2nd consecutive quarters of positive subscribers nett add • Cellular Customer up by 3.6% QoQ; with net adds at 2.1 million subscribers
in million in million
(11.1)
(6.1)(4.8)
3.4 2.1
2018Q3
2018Q4
2019Q1
2019Q2
2019Q3
64.1 58.1 53.3
56.7 58.8
2018Q3
2018Q4
2019Q1
2019Q2
2019Q3
| |PT Indosat Tbk. – 9M 2019 Results 12
490,476 562,615
622,876
755,930
866,927
2018Q3
2018Q4
2019Q1
2019Q2
2019Q3
in TByte
• ARPU increased by 27.6% YoY and decreased by 5.8% QoQ. The decrease is due to seasonality as in Q2 we have Ramadhan
• 4G massive expansion resulting in continued data traffic and 4G users growth • Data usage grew by 76.8% YoY and 14.7% QoQ
ARPU Data Traffic
21.6
24.6 26.5
29.3 27.6
2018Q3
2018Q4
2019Q1
2019Q2
2019Q3
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1,642 1,355 2,157 2,276
2,805
28.8%
21.3%
35.7% 36.4%42.7%
-
500
1,000
1,500
2,000
2,500
3,000
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
PT Indosat Tbk. – 9M 2019 Results 13
EBITDA
in IDR billion
EBITDA Margin
2018Q3
2018Q4
2019Q1
2019Q2
2019Q3
• Q3 EBITDA grew by 23.2% vs previous quarter, with improved EBITDA margin by 6.3 ppt• Net Loss reduced by 81.5% vs previous year
(1,539)
(285)
9M18 9M19
| |PT Indosat Tbk. – 9M 2019 Results 14
19,802.5
23,294.4 2.47
2.71
18,000.0
19,000.0
20,000.0
21,000.0
22,000.0
23,000.0
24,000.0
2.35
2.40
2.45
2.50
2.55
2.60
2.65
2.70
2.75
20189M
20199M
Net Debt Net Debt to EBITDA
• Higher gearing to support network expansion and improvement• Committed to maintain a ratio below covenant value of 4x net debt to EBITDA
| |PT Indosat Tbk. – 9M 2019 Results 15
• Fast paced 3G/4G network extension; adding 17,681 4G BTS YoY making 4G BTS as of 9M2019a total of 29,317 4G BTS
22,127 22,423 21,044 21,375 23,268
33,239 35,453 38,447 40,116 42,605
11,636 17,050 22,015 24,874
29,317 67,002
74,926 81,506
86,365 95,190
BTS 4G
BTS 3G
BTS 2G
Total BTS
2018Q3
2018Q4
2019Q1
2019Q2
2019Q3
2,183
4,433
2,200 3,177 3,202
38.3%
69.6%
36.4%
50.9% 48.8%
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
Capex (Spent) Capex/Revenue
2018Q3
2018Q4
2019Q1
2019Q2
2019Q3
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