1Q 2019 Results - Indosat · PT Indosat Tbk. –1Q 2019 Results 10 1.34 1.47 1Q-17 1Q-18 1Q-19 Net Debt Net Debt/EBITDA in IDR billion +21.2% YoY 3.18 • Higher gearing to support

1Q 2019 Results

| |PT Indosat Tbk. – 1Q 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


Operating Revenue

EBITDA

EBITDA Margin

Loss Attributable to shareholders

6,046 3.9%

2,157 4.2%

0.1ppt

-293 27.8%

6,370 -5.1%

1,355 59.1%

21.3% 14.4ppt

-865 66.2%

in IDR billion

35.7%

5,819

2,069

35.6%

-405

6,046

2,157

35.7%

-293


1,043 9671,016

1,358 1,026

232178

158

161162

in IDR billion

-5.1% QoQ+3.9% YoY

CellularFixed DataFixed Voice

+0.5% | -30.4%

-24.4% | -1.6%

+0.1% | +6.9%

QoQ | YoY

1Q-18

4,101

5,819

2Q-18

5,246

4,544

3Q-18

5,704

4,530 4,851

4Q-18

6,370

4,858

6,046

1Q-19


96.2

75.364.1

58.0 53.3

-44.6% YoY -8.2% QoQ

in million in million

-14.0

-20.9

-11.1-6.1

-4.8

1Q-18 1Q-182Q-18 2Q-183Q-18 3Q-184Q-18 4Q-181Q-19 1Q-19

| |

2935 40 40 37

PT Indosat Tbk. – 1Q 2019 Results 7

-34.9% YoY -14.7% QoQ

Voice Traffic

in billion minutes (Voice Traffic)

in minute/subscriber (MOU)

MOU

13.1 15.921.6 24.6 26.5

+7.7% QoQ+101.8% YoY

ARPU

in thousand IDR (ARPU)

1Q-18 1Q-182Q-18

9.4 8.5 7.9 7.2 6.1

2Q-183Q-18 3Q-184Q-18 4Q-181Q-19 1Q-19


368,232

449,105490,476

562,615622,876

in TByte

+10.7% QoQ+69.2% YoY

1Q-18

70% 72% 71%76% 76%

+0.3% QoQ+6.3% YoY

1Q-182Q-18 2Q-183Q-18 3Q-18 4Q-184Q-18 1Q-19 1Q-19


35.6

27.328.8

21.3

35.7

2,0691,433 1,642 1,355

2,157

+59.1% QoQ+4.2% YoY

EBITDA

in IDR billion

EBITDA Margin

174

-405

-293

+27.8% YoY-333.1% YoY

1Q-191Q-181Q-17

in IDR billion

1Q-18 2Q-18 3Q-18

in %

4Q-18 1Q-19

| |

17,40017,283

20,955


1.341.47

1Q-191Q-17 1Q-18

Net Debt Net Debt/EBITDA

in IDR billion

+21.2% YoY

3.18 • Higher gearing to support network

expansion and improvement.

• Committed to maintain a ratio

below covenant value of 4x net

debt to EBITDA

| |

22.7 25.7

38.3

69.6

36.4


in IDR billion

55041

-1,591

-290 -281

Capex (Spent)

in IDR billion

Capex/Revenue

in %

1Q-18

1Q-18 2Q-18

2Q-18

3Q-18

3Q-18 4Q-18

4Q-18 1Q-19

1Q-19

1,322 1,350

2,183

4,434

2,200


24,294 24,427 22,127 22,423 21,044

31,062 31,880 33,239 35,453 38,447

9,019 10,066 11,636 17,050

22,015

+8.8% QoQ+26.6% YoY

2G3G4G

1Q-18

64,375

2Q-18

66,373

3Q-18

67,002• Fast paced 3G/4G network

extension

• Adding 12,996 4G BTS YoY

• 4G Service now operates in

422 cities

4Q-18

74,926

1Q-19

81,506


Documents

1Q 2019 Results - Indosat · PT Indosat Tbk. –1Q 2019 Results 10 1.34 1.47 1Q-17 1Q-18 1Q-19 Net Debt Net Debt/EBITDA in IDR billion +21.2% YoY 3.18 • Higher gearing to support