Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Q1 FY2022 earnings call

• Telkom's CEO noted revenue, EBITDA, and net income growth in Q1 2022. • IndiHome's contribution to consolidated revenue increased, with new customers added and maintained EBITDA margin. • Telkomsel maintained revenue growth and EBITDA margin, focusing on beyond-connectivity mobile business. • Diesel business was a significant revenue contributor. • Enterprise business grew post-COVID with increased activities. • Wholesale and International Business saw strong growth. • Telkom's 5 Bold Moves strategy continued, including subsidiary alignment of TelkomSigma and partnership with Microsoft for digitalization.

In the first quarter of 2022, Telkom's revenue, EBITDA, and net income increased by 3.7%, 3.1%, and 1.7% year-on-year respectively. IndiHome's contribution to consolidated revenue was 19.5% in Q1 '22, up from 18.7% in the same period last year, with 136,000 new customers added and EBITDA margin around 50%. On the mobile side, Telkomsel had modest revenue growth of 0.2% with an EBITDA margin of 27.7%. Diesel business revenue was almost 80% of total revenue in Q1 '22. Enterprise business saw a slight revenue increase of 1.9% due to increased business activities post-COVID. Wholesale and International Business had 16% year-on-year revenue growth from tower business and international wholesale prices.

• Expect higher data center revenue starting in Q2 2022. • Enterprise revenue expected to improve in following quarters in line with GDP growth. • IndiHome net additions expected to be better than last year, aiming for double-digit growth in 2022.

• Unrealized loss from investment in GoTo affected bottom line profitability. • SIM card supply issues leading to price increases (around 40%). • Intense mobile competition impacting pricing and market share.

Q: On fixed mobile convergence launch timeline and options?

A: Currently validating with focus groups, timeline still calibrating; looking to offer meaningful packages for home and on-the-move.

Q: Microsoft as anchor tenant in data center?

A: Part of partnership, data center revenue expected to increase from Q2.

Q: Enterprise revenue Q-on-Q decline?

A: Seasonality, with high revenue in last quarter of previous year due to contract completions, expect improvement in following quarters.