#1Linknet PT Link Net Tbk FY21 Company Presentation www.linknet.id#2Definitions Home Passed > > > A home is classified as a 'home passed' where we have physically rolled our network passed the curb of the home. This is the clearest and most accurate and genuine way to define a 'home passed'. Any of our homes passed can be connected to our service very rapidly upon signing up to our service. Importantly our definition does not mean that a home is within 200-300 meters of a Network Access Point or HFC Port. If we were to use this definition this would expand our homes passed significantly. Gross Subscribers Is the number of new subscribers which were added by our sales team in a time period. This does not include the number of accounts which churned (disconnected) out of our service. Net Subscribers > Is the number of additional subscribers to our service after deducting those subscribers which have churned (disconnected). > Backbone > > Cables that carry aggregation traffic from Last Mile, consist of: Inner-City Backbone: connecting last mile aggregation ◉ Last Mile Inter-City Backbone: connecting cities Internet Backbone (usually submarine cable for Indonesia): connecting the ISP to the internet. These are the cables which are connected from the Network Access Point or HFC Node to the home. Link Net's backbone is completely fiber. The last mile is a mixture of HFC & FTTH. Of our last mile of 2.870 million homes passed, 82% us HFC and 18% is FTTH. The total length of our cables, backbone and last mile is 34,724kms, of this 18,499kms are fiber and 16,225km are HFC. Hybrid Fiber Coaxial (HFC) Refers to a broadband telecommunications network that combines optical fiber and coaxial cable > Top Speed Link Net provides via HFC: 1Gbps > Top theoretical speed with existing technology: 10Gbps > > Fiber To The Home (FTTH) Is broadband network architecture using optical fiber to provide all or part of the local loop used for last mile telecommunications > Top Speed Link Net provides via FTTH: 1Gbps > Top theoretical speed with existing technology: 10Gbps Linknet What We Link Net does not use any copper based ADSL technology. Don't Use www.linknet.id | FY21 Company Presentation 2#3Linknet ✔ Introduction to Link Net 3#4Link Net - The Gateway to Indonesian Consumer Homes A leading HSBB (a) provider in Indonesia (b) with ~2.87m Homes passed Targets large and fast growing affluent segment(). Large subscriber base (~855k unique subscribers) Innovation led premium product offering supporting premium ARPUS with 96% bundling rate linknet Strong enterprise portfolio offering with certain governmental and financial institutions including IDX as customers Note: Company data as of December 2021 unless otherwise stated a) HSBB refers to High Speed Broadband which is a fixed network capable of providing internet speeds of at least 4Mbps b) Revenue and EBITDA CAGR over FY2011 to FY2020 Linknet Track record of strong growth - 16.6% Revenue and EBITDA CAGR(b) Technology neutral network with abundant capacity www.linknet.id | FY21 Company Presentation 4#5Link Net's Footprints Continuously expanding our coverage to reach more cities in Indonesia Jakarta, Bogor, Depok, Tangerang, Bekasi, Serang, Cilegon: 1.864 Million HP (65%) Note: Company data as of December 2021 unless otherwise stated linknet Sumatera Medan, Batam: 154K HP (5%) Jawa Barat Bandung, Cirebon, Cikampek, Purwakarta: 194K HP (7%) Jawa Tengah Semarang, Solo, Yogya, Tegal: 166K HP (6%) Jawa Timur & Bali Surabaya, Gresik, Sidoarjo, Malang, Bali, Kediri: 489K (17%) TOTAL HOME PASS 2.87+ million in 23 cities www.linknet.id | FY21 Company Presentation 5#6Linknet ▼ Industry Overview 6#7Indonesia Presents a Massive Internet Opportunity Large scale economy X Growing affluence 274 million people (a) 4th largest globally (a) US$1,119 bn GDP(a) Young demographics Online penetration $ US$4,284 GDP per capita (a) 5.5% GDP CAGR annually for the next 5 years (b) 58% of population under 30 years of age (c) Millennials with "Internet lifestyle" 8 ග 171+ million Internet users (d) where 59% Are Actively Using Social Media (d) Indonesia's large and young population base, growing affluence, and expanding Internet user base are driving the future Intemet opportunity a) Worldometers & World Bank (2021); b) Based on 2019-2024 CAGR. Represents nominal GDP Media Partners Asia (2021); c) CIA World Fact Book (2020); d) Statista (2020) Linknet www.linknet.id | FY21 Company Presentation 5#8Only 2 Companies Operate with Scale in the Fixed Broadband Market Comparison of Key Fixed Broadband Operators in Indonesia (High-Speed Only) linknet IndiHome play MyRepublic Biznet 2,870 Homes passed ('000) (4 major cities) c.20,000 (nationwide) c.1,500 c.1,000 c.1,000 Subscribers ('000) ~855 ~8,300 ~305 ~200 ~300 IDR 297,000 (8Mbps) Price for 10-15 Mbps eqv. Product 129 Channels (a) N/A N/A N/A N/A (49 HD+80 SD + 1 4K) Price for 20-25 Mbps eqv. Product Price for 30-50 Mbps eqv. Product IDR 451,000 (25Mbps) 164 Channels (a) (67HD + 86 SD + 14K) IDR 621,500 (50Mbps) 183 Channels (a) (83 HD +99 SD + 1 4K) IDR 370.000 (30Mbps) 109 Channels (18 HD + 91 SD) IDR 595,000 (50Mbps) 109 Channels (18 HD +91 SD) IDR 369,000 (30 Mbps) 90 Channels (15 HD + 75 SD) IDR 499.000 (50 Mbps) 90 Channels (15 HD + 75 SD) IDR 307,000 (30 Mbps) 63 Channels (23 HD + 42 SD) IDR 407,000 (50 Mbps) 75 Channels (36 HD + 39 SD) N/A IDR 575,000 (85 Mbps) 54 Channels (23 HD +31 SD) While a number of companies have entered the fixed broadband market, only 2 companies (Link Net and PT Telkom) currently operate with scale Source: Company website, company information, Media Partners Asia 2020 Note: (a) Based on equivalent packages with competitors Linknet www.linknet.id | FY21 Company Presentation 8#9Linknet Key Investment Highlight 6#10Key Investment Highlight 1 Linknet 2 HSBB provider of significant scale and operating in some of the most attractive metropolitan areas of Indonesia (a) with high barriers to entry(b) 3 Technologically resilient HSBB network Compelling product offerings with superior service quality drives upselling to maintain and increase premium ARPUS 4 Strong track record of profitable growth 5 Strong balance sheet and significant cash flow generation have provided high ROIC and positions Link Net for further expansion 6 Experienced management team with a strong track record a) Indonesia is one of the most underpenetrated and fastest growing broadband and pay TV markets globally in terms of subscribers out of the top 20 largest global economies. (2018 Media Partners Asia) b) Media Partners Asia (2018) linknet www.linknet.id | FY21 Company Presentation 10#11Growing ARPU Overtime Through annual price increase and periodic (quarterly) upselling/cross selling of our customers, we have been able to consistently increase ARPU over time. For example, a customer in Jakarta who started using our service 5 years and was at Rp350k per month, would now be paying Rp532k per month, an increase of 52%. This has been consistent trend in our original 3 network areas. The growth in ARPU of each selected major cities: Area Jakarta Bandung Surabaya 5 Year ARPU Growth 52% 59% 51% The growth of ARPU in newer cities: Area ARPU Growth (0-12 Months) Medan 10% Batam 9% Solo 10% ARPU Growth (13-24 Months) 43% 28% 33% Overtime, customers demand for data continue to increase. As customers readily use streaming services and video intensive applications, demand for data will continue to grow and thus increase their appetite to upgrade to higher bandwidth packages Linknet www.linknet.id | FY21 Company Presentation 11#12Targets Large and Fast Growing Affluent Segment % of 22.0% 15.0% 13.6% 2.6% 1.6% 1.6% national GDP Total population (millions) 9.9 1.7 2.4 1.8 0.9 1.2 2019 GDP(b) (US$ bn) 248 167 151 29 18 18 Jakarta* East Java West Java Medan & Batam Bali Rest of Indonesia* 2,435 Population density Per km², 2020 15,251 10,142 6,775 6,605 5,699 1,628 Total Addressable Homes in Java(e) (f) 3,085 Jakarta* Bandung Surabaya Medan Denpasar Batam 5,520 Greater Jakarta Outside Greater Jakarta Total Addressable Homes (Java) a) Badan Pusat Statistik ("BPS") (2020); b) GDP assumes the average USD/IDR exchange rate of 14,200; c) Jakarta and Greater Jakarta d) Rest of Indonesia figure is the average of the remaining provinces as per BPS excluding Jakarta & Greater Jakarta, East Java and West Java, Medan & Batam and Bali; e) Company data; f) Potential of 6.6 million homes in middle class in selected Java island Linknet www.linknet.id | FY21 Company Presentation 12#13High Barriers to Entry Strong Brand and Customer Base building brand awareness and sustaining lifetime relationships with customers THE BEST CONT@CT CENTER INDONESIA 2020 FIB Search Engine TVC Newsletter Landing page Website Mobile Application Email Online Ads 3rd Party Sites Awareness Consideration Subscribe In-Service Loyalty ड Cookies targeting Personalization Word-of-Mouth Alagany Call Center E-billing Invoice 67b8 PR Outdoor, Radio, TV, Print ICMA CONTRACTILE MARKETS AWARCE DIA INDONESIA WOW BRAND 2020 CX-SQ Diamond AWARD 2020 SERVE BUAss. SWA INDONESIA X CUSTOMER EXPERIENCE CHAMPIONS 2020 Categories: • • . Customer Experience . Technology Innovation • Digital Media Business Contribution Operations People Development Employee Engagement FUM WITH For the 4th time received The Best Contact Center Indonesia Award For the 3rd time in a row received Indonesia Content Marketing Awards For the 5th time received Indonesia WOW Brand Award For the 3rd time in a row received Service Quality Award Indonesia Customer Experience Award 2020 for Fixed Internet Broadband & Pay TV ISO CERTIFICATION 9001:2015 14001:2015 Quality management system Environmental management system 20000-1:2011 IT Service Management System 27001:2013 Information security management system linknet www.linknet.id | FY21 Company Presentation 13#14High Barriers to Entry (Cont'd) Human Capital and Technology Management Skills high level of expertise in network design and architecture as well as highly qualified technical personnel to build the network Satelitte Linknet Dish Fiber Optic Redundant Ring HeadEnd Network Monitoring Power Supply Node Cluster Node HUB Cluster Node Tap Cluster /Coax Drop Node Cluster (500 Homes) HUB/BDF Cluster Node TX/RX HeadEnd HUB Data Services Building Node TV & Computer- 2 Way Communication Customer Premises www.linknet.id | FY21 Company Presentation 14#15Technologically Resilient HSBB Network Link Net has Already Completed Most of Its End-to-End Network Infrastructure, Assuring Network Quality and Reducing Future Investment Requirement International Gateway Inter-city Connection Intra-city Connection Vertically Integrated End-to-end Network Infrastructure 3 international fiber lines / submarine cables providing bandwidth to Singapore B2JS JSSC MCS Ultimate Java Backbone (connecting 45 Cities) Jakarta - Merak Cable Last Mile Roll-out 34,724 km of cable network(b) Surabaya Denpasar Cable System Jakarta Surabaya Submarine Cable (planned) 100% proprietary intra-city connection in all of the operating cities Substantially self-owned last mile roll- out(c) Note: a) Link Net acquired a 15-year right to use the Ultimate-Java backbone in 2017 b) Total cable length includes HFC and FTTH as of December 2021 c) Limited exceptions for certain last mile owned by property developers linknet Selective Usage of Third-Party Network for Quality www.linknet.id | FY21 Company Presentation 15#16Compelling Product Offerings with Superior Service Quality Wide Range of Product Offerings to Cater Different Customer Needs(a,b) 300 Mbps 208 channels 300 Mbps 233 channels (103 HD + 4 4K) 3,107 1 Gbps 233 channels (103 HD +4 4K) 5,078 10 Mbps 129 channels (48 HD + +1 4K) 310 (US$21) Family 1 ■ Entry-level package offering for subscribers with basic internet and TV channel needs (d) 30 Mbps 154 channels (67 HD + 1 4k) 479 (US$34) D'Lite 2 40 Mbps 183 channels (99 HD + 1 4K) 622 (US$44) Elite 3 200 Mbps 208 channels (97 HD + 1 4K) 932 (US$66) Supreme 4 (103 HD +1 4K) 1,777 (US$125) Maxima 5 ■Basic package offering for subscribers with basic internet and TV channel needs ■Incremental add-on packages which deliver faster internet and more TV channel genres Package targeted for consumers who are looking for full access to high speed internet and all channels (US$356) (US$219) Infinite 6 Mach 1 7 ■ Highest tier packages, offering the highest speed available from the Company combined with dedicated premium customer and technical service for users that demand the Company's best service available Note: As of Dec 2021; in IDR'000; FX at IDR14,200 / USD a) All price is including CPE rental, excluding 10% VAT and add-on channels. Total Link Net channel offering are 240 b) Wireless Docsis 3.0 Modem (previously Docsis 2.0) and HD STB for FAMILY and D'LITE & Wireless Docsis 3.0 Wi-fi Modem and X1 4K STB (previously X1 HD STB) for ELITE. Prices for all packages include First Media X Linknet www.linknet.id | FY21 Company Presentation 16#17Experienced Management Team with a Strong Track Record linknet Marlo Budiman, President Director & Chief Executive Officer ■ More than 15 years experience in senior executive roles across various industries including telecommunications and consulting. ■ Has had multiple leadership roles and has excelled in growing revenue, cost management, debt restructuring and corporate strategy. ■ Holds degrees in finance and real estate from Ohio State University. Johannes, Chief Financial Officer ■ Johannes has more than 20 years of experience across Finance and Audit through various senior executive leadership roles. ■ Previous to Link Net, Johannes was a senior finance executive at PT Smart Tbk (Sinarmas Group Company) Edward Sanusi, Chief Technology Officer & Head of Product ■ Over 21 years of experience in managing technology related business models for software development, ISP, Cable TV, social media, and system integration ■ Previously Director/CEO in PT Plexis Erakarsa Pirantiniaga Sutrisno Budidharma, Residential Sales Director ■ Over 27 years of extensive experience in leading product sales teams in banking and branch management in the banking sector ■ Previously Business Development and Direct Sales Director in Link Net Tanus Susanto, Supply Chain Director ■ oOver 20 years of experience in Finance, Accounting, Tax, Operations and GA in various industries including Telecommunication, Insurance and Retail. Prior to this position, he was the Deputy CFO of PT Link Net Tbk. Ferliana Suminto, Content Director ■ Seasoned leader with more than 23 years of experience in finance, business development, information and communication technology ■ Prior to joining Link Net, she was the Chief Financial Officer in PT. Indonesia Media Televisi Victor Indajang, Chief Operations Officer & Deputy CEO ■ Extensive experience as director of operations and technology roles across high-speed broadband industry over the last 13 years ■ Played a pivotal role in developing operations that support Link Net's network Agus Setiono, New Roll Out Director ■ Seasoned leader in operations, marketing in major foreign bank with more than 28 years of experience in technology, media and networks ■ Prior to joining Link Net, he was the VP of Card Marketing in Citibank Indonesia Agung Wiguna, Enterprise Sales Director ■ Over 17 years experience in senior leadership positions across telecom, media, and consulting companies, including PT Solusi Tunas Pratama Tbk ■ Holds a Masters of Management in Finance and a Bachelor degree in Civil Engineering Yosafat Hutagalung, Chief of Human Capital ■ Over 20 years of experience in various companies with the position of Human Resources Director ■ Prior to PT Link Net, he leads numbers of successful Human Resources function in a wide range of industries Santi Basuki, Marketing Director ■ 15 years experience in marketing and customer relationship management ■ Currently covers marketing strategic planning for acquisitions, customers portfolio management, and marketing communications www.linknet.id | FY21 Company Presentation 17#18Linknet Key Strategies 18#19Description Linknet Focus Four Strategis Growth Pillars 1 Maintain expansion momentum through strategic roll-out 2 3 4 Maximize capital utilization through intensifications Cementing position as a leading HSBB provider of choice Continued expansion of enterprise business Extend strategic partnerships & extensions Continue to "Fill in the gaps" in existing cities Explore, utilize and test new technologies . Boost penetration rates and increase returns via remarketing initiatives & compelling bundles Upsell with value added services • Continuously enhance overall product & network service quality Innovative product offerings Provide nation-wide services by utilizing partners' infrastructure ⚫ Service beyond connectivity. Providing total solutions (ICT solutions) for customer's requirements and more competitive product variations Enriched knowledge and experience of enterprise sales team www.linknet.id | FY21 Company Presentation 19#20Maintain Expansion Momentum Through Strategic Roll-Out A Existing cities B New cities linknet Potential ▪ 2.87m homes passed as of December 2021 ■ Further upside in addressable households with economic growth ■ Continue to grow penetration in existing network areas and proactively upsell to grow ARPU Commentary ■ Focus on premium locations and selected households Leverage strong execution track record and technical know-how ■ Java intercity fiber backbone acquisition provided instant access to c.45 cities Strategic expansion into key metropolitan cities in Java Island Employ robust and stringent ROIC analysis in evaluation Acquisition of Jayabaya Submarine Cable System to increase redundancy and stability www.linknet.id | FY21 Company Presentation 20#21Strategic Regional Expansion through Java Backbone The intercity backbone will open doors to 45 cities 000 Linknet Singapore Batam B235 (JAKARTA BANGKA BATAM SINGAPORE) JSSC (JAKARTA SINGAPORE SUBMARINE CABLE) Pesaren MCS (MATRIX CABLE SYSTEM) Batu Perahu JAKARTA-SERANG-CILEGON We upgraded the capacity of our network from 2Tbps to 2.6Tbps in 2021 JAYABAYA (JAKARTA SURABAYA SUBMARINE CABLE) Purwodadi Lamongan Jakaita Patrol Bekasi Indramayu Depok Karawang Bogor Purwakarta Subang Cranjang Sumedang Sukabumi Bandung Garut Cirebon Pekalongan Ciamis Tegal Purwokerto cbotsart Gandrungmangu Kebumen Cilacap Sala Yogyakarta Wates Sarang Lingalen jep Salation p Boyolali Sendingar Gresik Bojonego Surabaya Alga Nojokerto Madiun Jombang ULTIMATE JAVA BACKBONE Jawa Timur Probolinggo (East Javal Jember Muncar SDCS (SURABAYA DENPASAR CABLE SYSTEM) Candi Kusuma Denpasar Вас Current Coverage Jakarta Bogor Semarang Solo Depok Yogyakarta Tangerang Tegal Bekasi Surabaya Bandung Malang Cirebon Cikampek Gresik Sidoarjo Purwakarta Serang Cilegon Kediri Denpasar Medan Batam www.linknet.id | FY21 Company Presentation 21#22Continued Expansion of Enterprise Business Strategic Roadmap for Enterprise Business ☑ Provide nation-wide services by utilizing partners' infrastructure 1 Recent Initiatives Continued service expansions and improvements ◉ Pre-wiring of office buildings ■ Standardized and automation of work orders to increase efficiency and reduce delivery lead time ☑ Service beyond connectivity. Providing total solutions (ICT solutions) for customer's requirements and more competitive product variations 2 ■ Standardized service packages End to end solution via bundled offering More competitive product offerings ■ Value added services and managed services ☑ Enriched knowledge and experience of enterprise sales team 3 linknet Sales capability and internal process improvement ☐ Dedicated sales team ■ Automation of network monitoring and trouble ticketing system ☐ Empowering the sales team to make an effective and efficient solution www.linknet.id | FY21 Company Presentation 22#23Linknet " Business Overview 23#24Linknet ▼ Business Overview A. Residential Business +4 24#25Our Competitive Edge Always serves customers with best products & service quality www.linknet.id | 3Q21 Company Presentation 26 FIROT SQUAD FIRST SQUAD DRECT CONSOL SC UNLIMITED ENTERTAINMENT WITH BEST CONTENT Most Channels & Highest number of HD channels of any provider in Indonesia (229 channels; 101 HD, 4 4K) OTT (Catchplay, HBO GO, VIU, and more to come) LEADING THE WAY IN PRODUCT INNOVATION Digital Smart Box X1 An interactive smart TV experience FirstMediaX TV anywhere application DOCSIS 3.1 Ready (up to 10Gbps) SuperWifi Mesh Wifi router for best coverage SUPERIOR QUALITY OF SERVICE SLA (3-4 hours) to respond to network issues 24 Hours Call Centers Dedicated Lines to Premium Customers My FirstMedia App one stop digital self care for 24 hours quick solution RELIABLE NETWORK CONNECTION Regular upgrade & maintain networks Implementation of CNH (Customer Network Health Status), a system that monitors the general health of our Network 20 years of experience in Network Architecture linknet www.linknet.id | FY21 Company Presentation 25#26Continued Commitment to Become the Leading Internet, Pay TV and Entertainment Provided in Indonesia (a) Essential Local Content Factual & Lifestyle Brands Regional and Kids Entertainment Movies and Entertainment Leading Sports and News channels OTT BERITA SATU METROTV HEWS CHANNEL NET TELEVISI MASA KINI antv SATU UNTUK SEMUA tvene SCTV TRANSTV TRANS 7 KOMPASTV NATIONAL GEOGRAPHIC Discovery CHANNEL NAT GEO WILD |天映頻道 TVBS KBS WORLD CHANNEL CELESTIAL MOVES HBO CINEMAX 2 CCTV 4 中文国际 animal planet ZEE TV Hafc HISTORY TLC CN ALJAZEERA CANTOON NETWORK asian food chonnal nickelodeon S SONY tvN BLUE ANT ENTERTAINMENT Highest number of HD and 4K channels to provide superior quality HD experience for customers: Currently offers 101* HD Channels and 4 4K Channels Total of 229(a) channels (101HD, 124 SD, 4 4K) First to launch TV Anywhere service with more than 100 channels - Highest number of TV Anywhere channels amongst cable TV operators SETANTA SPORTS tbs X HBO GO Champion CAN INTERNATIONAL Bloomberg **UROSPORT StarWorld TELEVISION DREAMWORKS BBC WORLD NEWS CNBC CATCHPLAY viu Deep and unique understanding of Indonesia's viewership preferences Content sourced through various international and local providers, with whom Link Net has established deep relationships linknet Recently forged partnerships with Catchplay, HBO GO and Viu, WeTV, GoPlay and iQIYI further boosting OTT content library Widest and Diverse Channel Selection Addressing Viewership Preferences Based on the most expensive package's channel offerings. www.linknet.id | FY21 Company Presentation 26#27Additional Sports and Entertainment Content Offering Enhanced Sports and Entertainment Content Offering GALAXY ímc Paramount ти NETWORK TS3 CHAMPIONS TV 1 CHAMPIONS TV 2 CHAMPIONS 3 CHAMPIONS 4 SPOTV Link Net has enhanced its sports and entertainment content offering. We've added entertainment channels including Galaxy, Galaxy Premium, IMC and Paramount. We offer the market leading sports package which includes TSB 1, 2 & 3, Champions TV channel suits and SPOTV. Through our sports channels Link net customers can enjoy Formula 1, MotoGP, Tennis, Golf, Rugby, Badminton and many more. Linknet www.linknet.id | FY21 Company Presentation 27#28Launching of First Plus to Integrate OTT Offerings Integration of OTT Partners Through Single Subscription FIRST CATCHPLAY >Viu In 2021 we launched a product called First Plus which was the first OTT aggregation package in Indonesia which included Catchplay, Viu and GoPlay under one subscription and price. This OTT product suite provides our customers with a large selection of high quality OTT content for a lower price than if they subscribed to these services independently. Linknet www.linknet.id | FY21 Company Presentation 28#29Linknet ▾ Business Overview B. Enterprise Sales 29#30Total ICT Solutions for Enterprise Customers Our Services Connectivity Data Center Manage Services Cloud Services Voice VSAT Services Financial Services Hospitality Telecommunication Industry Solutions Government & Public Services FIRST KLAZ FIRST KLAZ Media & Entertainment ך Energy & Resources Manufacture Education Property Transportation TEMPERATURE SCREENING SYSTEM CISCO WEBEX MEETING 88 && IdeaHUB Enjoy excellent Learning Management System and learning experience with integrated solution for School, Teacher, Parents, Students. Detect fever real time per millisecond with Al and face recognition for preventive solution to minimize risk for manufacture and office building Working at home or remotely shouldn't impact your normal business meetings, no matter what device you are on for small, medium and large enterprise Breaks the limitation of traditional conference and space by all in one collaborative boards to have more efficient teamwork Linknet weba www.linknet.id | FY21 Company Presentation 30#31Continued Recovery of Link Net's Enterprise Business Enterprise Sales Strategy Leverage existing network and Partner with other Providers to extend Coverage and Services, targeting incremental sales from existing and New Customers To become one of the best data communications and ICT solutions providers - Target industries which have minimal negative impact from the pandemic Enterprise Business Revenue (IDR bn) 19.1% CAGR 615 625 447 370 Media Business Revenue (IDR bn) 113 102 93 33 306 143 165 166 2017 2018 2019 2020 1Q21 2Q21 3Q21 4Q21 Linknet 92 ! I I 20 20 23 21 22 2017 2018 2019 2020 1Q21 2Q21 3Q21 4Q21 www.linknet.id | FY21 Company Presentation 31#32Serve More Than 2,500 Enterprise Customers ✓ ✓ Our customers require Reliable and Trusted connectivity needs, especially in the FSI and Digital business, where the risk exposure is high With our highly resilient network, we are able to provide 99.99% redundancy for mission-critical services Indonesia Stock Exchange Financial Sector Industry (FSI) Digital Business / e-commerce DBS VICKERS SECURITIES tokopedia Bukalapak Garena TOP IDX Indonesia Stock Exchange Bursa Efek Indonesia Link Net is the sole provider for the Indonesia Stock Exchange (IDX) since 2001, making Link Net the most trusted internet provider in the Financial Services Industry. BCA mandiri GOJEK Dry Mood Grab OVO cíti * PaninBank S traveloka Tiket.com R Shopee BANK BRI BANK MEGA OLX E2 Alibaba.com J.P.Morgan TRIMEGAH Danareksa bank bii CIMB NIAGA btpr TMT REPUBLIKA KOMAS GRAMABLA PermataBank Maybank MRA Allianz AIG SCTV TRANS INDOSIAR I KIMENG BATEMAN KOOPITY Linknet Retail Ogilvy JWT Hospitality The Re SAUPAN PACIFIC Jelass JW MARRIOTT HOTELS & RESORTS Government kaiser Prislis BPPT www.linknet.id | FY21 Company Presentation 32#33Linknet ▼ Business Overview C. Migration Project 32#34Migration Project Update Shareholders can look forward to the completion of Link Net's migration project and then annual pole rental fees can be used for productive investment purposes including network growth, subscriber acquisition and dividends. Linknet www.linknet.id | FY21 Company Presentation 34#35Linknet ✓ Financial Overview 34#36FY21 Financial Results Summary linknet Revenue increased 10.4% to IDR4.5tn in FY21 vs FY20 Revenue grew 14.1% to IDR1.2tn in 4Q21 vs 4Q20 EBITDA grew 8.5% to IDR2.5tn In FY21 vs FY20 EBITDA Margin of 56.0% in FY21 Net Profit of IDR885bn in FY21 Net Profit Margin of 19.8% In FY21 Average Revenue per User (ARPU) remained market leading levels at IDR348k (~24$) as of December 2021 Operating Cash Flow at IDR1.8tn as of December 2021 Net Cash Position at IDR271bn as of December 2021 www.linknet.id | FY21 Company Presentation 36#37Operational Overview Bundling Rate (%) Linknet Penetration Rate 27.4% 27.3% 28.9% 28.5% 27.0% 27.1% 31.3% 31.5% 31.0% 30.1% 29.8% Home Pass ('000) 1,433 +240k 1,673 +153k1,826 +174k 2,000+201k 2,202 +267k 2,46+211k 2,68 +49k 2,729 +45k 2,774 +79k 2,831 +39k 2,870 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 1Q21 2Q21 3Q21 4Q21 Total Subscribers 93.4% 95.5% 95.2% 98.0% 95.7% 95.2% 96.5% 96.4% 96.4% 96.5% 96.6% +1k ~0.1k -6k 839 +20k 859 +171k 860 860 855 668 +64k 521 +49k 570 +25k 595 +74k 457 392 +65k FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 www.linknet.id | FY21 Company Presentation 37#38Financial and Operational Results Summary 174 Homes Passed Additions (in '000) 201 2017 2018 267 2019 211 190 Revenue (IDR bn) 1,223 959 972 1,023 1,094 1,069 1,087 1,086 1Q20 2Q20 3Q20 4Q20 1Q21 EBITDA (IDR bn) 2Q21 3Q21 4Q21 53.8% 56.0% 56.5% 61.0% 58.4% 56.8% 58.2% 51.6% 2020 2021 668 631 578 625 617 632 544 515 Total Homes Passed (in '000) 2,542 2,621 2,652 2,680 2,729 2,774 2,831 2,870 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 Net Profit (IDR bn) 20.6% 26.7% 23.8% 22.2% 23.3% 20.5% 19.8% 16.2% 259 243 243 249 223 215 198 198 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 Linknet www.linknet.id | FY21 Company Presentation 38#39Overall Network Vintage Penetration Linknet Penetration Rate 2014 2015 2016 2017 2018 2019 2020 2021 Overall Vintage 2014 14.6% 19.3% 23.1% 25.6% 26.1% 27.8% 31.7% 29.9% Overall Vintage 2015 17.0% 21.7% 22.5% 23.0% 25.3% 30.6% 30.3% Overall Vintage 2016 20.5% 22.5% 23.0% 24.7% 28.9% 27.7% Overall Vintage 2017 14.5% 15.8% 18.0% 25.1% 24.6% Overall Vintage 2018 18.3% 20.8% 28.0% 27.3% Overall Vintage 2019 19.8% 27.6% 26.4% Overall Vintage 2020 34.5% 30.4% Overall Vintage 2021 30.1% www.linknet.id | FY21 Company Presentation#40Linknet Appendix 42#41Supporting Communities in Need Link Net continued its support to the communities impacted by the pandemic. Link Net are all in this together and Link Net will continue to support Indonesian communities through our future CSR programs. CU FIEST FIRSTIVAL FROM HOME FIEST FY SE CILINCING RW 0 CILINCING RW 06 FIRST KONSER 10.000 CINTA UNTUK INDONESIA MINGGU 7 JUNI 2010 JAM 19.00 WIK PADI REBORN SANDHY SONDORO YOVIE & NUNO JAVA JIVE SPRETAL TREKEHOW DONNA AONESIAH JUSUF KALLA ZAINUDIN AMALI LIVE OF FIRST MEDIA PEDULI GURU GRATIS 3 BULAN Layanan First Media HINGGA MAA SITU ERNESS Tyn Clackyth DRIVE THRU SPRAYER EXPERIENCE MORE DONASI HAND WASH TERMINAL Chadvs Bakg FIRST First Squad Interlink (Internet Keliling): Set up Wi-Fi hotspots in community areas where students can come and access the internet to facilitate their online learning activities. First Festival: Online music festival where the proceeds are used to donate personal protective equipment and vitamins to medical staff. First Media Peduli Guru: Special programs for Link Net's subscribers who are school teachers with 3 months free internet access to support them in their teaching activities. First Squad Home Services (FSHS): Building sanitization stations • • within communities. Offering home sanitization service for new installation and network maintenance. Providing sanitization packs to communities. linknet FIST www.linknet.id | FY21 Company Presentation 41#42Supporting Communities in Need t KESENTA REPUBLIK Linknet FIRST VAKSINAKSI Aksi bersama mendukung Vaksinasi Covid-19 untuk Indonesia yang Sehat dan Aman! DOOR PRIZE NOK 1 UNIT SEPEDA, COFFEE MAKER Pest & VOUCHER JUTAAN RUPIAH VAKSINAKSI Voucher VAKSIN KHUSUS HIJAB To support the government vaccination scheme, we provide tents and internet services in vaccination centers across Jakarta, West Java and East Java. Linknet www.linknet.id | FY21 Company Presentation 42#43Historical Dividend Payout Linknet ¡ In IDR bn 286 Net Profit I Dividend Payout Ratio (%) 504 674 492 283 1,123 1,007 1,005 942 819 FY 16 FY 17 FY 18 FY 19 FY 20 Total Dividend Payout From 2016-2020: Rp2,238,418,824,199 Total Share Buyback Over the Last 5 Years: Rp1,240,009,965,500 Total Capital Returned to Shareholders Through Dividend & Share Buyback: Rp3,478,428,789,699 *Normalized Net Profit www.linknet.id | FY21 Company Presentation 43#44Historical Share Buy-Back Linknet Issued Capital & Treasury Shares: ■ Total issued capital: 2,863,195,484 ■ Since 2016 Link Net has bought back a total of 291,068,500 shares worth Rp1,240,009,065,500 Price Limit of all Buy-Backs Rp6,000 Per-Share Existing Treasury Shares: 111,614,500 Period Amount (Rp) Unit Average Price 2016 386,228,396,000 83,963,800 4,600 2017 15,414,088,000 3,147,600 4,897 2018 223,627,798,500 43,796,900 5,106 2019 309,568,804,000 74,332,600 4,069 2020 305,170,879,000 85,827,500 3,556 Total 1,240,009,965,500 291,068,000 4,260 www.linknet.id | FY21 Company Presentation 44#45Board of Commissioners Jonathan L. Parapak, President Independent Commissioner ■ Extensive experience of senior executive position for more than 30 years across healthcare and telecommunication industries. ■ He is now serving as a Rector of Pelita Harapan University, an Independent Commissioner of PT Matahari Department Store Tbk and was the Independent Commissioner of PT Siloam International Hospitals Tbk (2014-2019). ■ Ha Wibawa Seroja Nugraha degree from the Indonesian National Resilience/Defence Institute, a Master of Engineering Science degree and a Bachelor of Electrical Engineering Communications degree from the University of Tasmania. Edward Daniel Horowitz, Commissioner ■ More than 30 years of experience in international media and telecommunication. ■ He is currently the Founder and Chairman of EdsLink LLC, the Founding Investor and Director of The Tennis Channel and the Co-Founder and Director of US Space LCC. ■ Holds a Master of Business Administration from the Columbia University and a Bachelor of Science degree in Physics from the City College of New York. Sigit Prasetya, Commissioner ■ More than 20 years experience in senior executive roles investment and finance. ■ He is currently active as a Managing Partner CVC Asia Pacific (Singapore) Pte. Ltd. ■ Holds a Master of Business Administration from University of New South Wales and a Bachelor degree in Math from the Bandung Institute of Technology. Linknet Suvir Varma, Commissioner ■Suvir was a Senior Partner and Head of Private Equity Practice in Asia at Bain & Company Inc. and was a Member of Executive Committee at Singapore Venture Capital & Private Equity Association ■ He has more than 20 years of experience across consulting and finance-related roles focusing on strategic developments and operational improvements ■ Received a Bachelor of Science - Hons., Finance, Accounting and Business Policy from Babson College and MBA in Finance, Strategy and Accounting from University of Chicago Alexander Rusli, Independent Commissioner ■ Extensive experience in the telecommunications industry having served as the Chief Executive Officer of Indosat Ooredoo and member of the board in Protelindo ■ Alex is on the board of Commissioners of PT Unilever Indonesia Tbk, one of Indonesia's largest listed companies ■ He is also a commissioner at one of Indonesia's largest private hospital operator's PT Medikaloka Hermina Tbk www.linknet.id | FY21 Company Presentation 45#46Board of Directors Linknet Marlo Budiman, President Director ■ More than 15 years experience in senior executive roles across various industries including telecommunications and consulting. Has had multiple leadership roles and has excelled in growing revenue, cost management, debt restructuring and corporate strategy. ■ He was managing partner at Y&K Capital where he specialized in corporate strategy and debt restructuring. Prior to this he was with Sampoerna Telekomunikasi Indonesia for 8 years where he was Chief Financial Officer (CFO). Holds degrees in finance and real estate from Ohio State University. Victor Indajang, Director ■ Extensive experience as director of operations and technology roles across banking and the high-speed broadband industry over the last 13 years. ■ He was a senior executive in Citibank's Indonesia operations and was Link Net's Operations Director. He later appointed as the Chief Operations Officer since 2018. ■ Played a pivotal role in developing operations that support Link Net's network Henry Jani Liando, Director ■ More than 20 years of experience in finance and business planning in senior roles. ☐ Appointed the Company's Independent Director since 2013. ■ Holds a Master of Business Administration in Finance from Oregon State University and a Bachelor in Chemical Engineering from the Bandung Institute of Technology. Wonbae Lee, Director ■ Senior Managing Director of CVC's private equity operations team in Asia, based in Singapore and with 20 years of experience in senior roles across finance, consulting and healthcare ■ Prior joining Link Net, he held the GM position of Asia-Pacific in GE Healthcare and was with AstraZeneca as the country president of Indonesia ■ Held a Bachelor of Business Administration degree from Korea University and MBA from Harvard Business School. Andy Nugroho Purwohardono ■ More than 25 years experience in senior executive roles across finance, retail, and consulting. ■ He is currently serving as the Managing Director of CVC Asia Pacific Limited's Indonesia, Director of Matahari Department Store Tbk, and Director of MAP Aktif Adiperkasa. ■ Holds a Master of Business Administration from the University of Texas and a Bachelor of Science in Industrial Engineering from Oregon State University. www.linknet.id | FY21 Company Presentation 46#47linknet PT Link Net Tbk. Centennial Tower 26th Floor Jl. Gatot Subroto Jl. Kuningan Barat Raya Kav. 24-25, Kuningan Jakarta, 12930 Indonesia