#1Telkom Indonesia the world in your hand Corporate Presentation 1Q23 Results PT Telkom Indonesia (Persero) Tbk May 2023#2Telkom Indonesia the world in your hand Disclaimer This document may contain forward-looking statements within the meaning of safe-harbor. Actual results could differ materially from projections, estimations or expectations. These may involve risks and uncertainties and may cause actual results and development to differ substantially from those expressed or implied in the statements. The company does not guarantee that any action, which may have been taken in reliance of this document will bring specific results as expected. 2#31Q23 Results Telkom in Brief 1Q23 Financial and Operational Results Telkom Indonesia the world in your hand 3#4Telkomsel TELKOM Group Board of Directors CEO TELKOM GROUP RIRIEK ADRIANSYAH DIRECTOR HERI SUPRIADI Telkom Indonesia the world in your hand DIRECTOR HERLAN WIJANARKO DIRECTOR FM VENUSIANA R DIRECTOR BUDI SETYAWAN WIJAYA DIRECTOR MUHAMAD FAJRIN RASYID DIRECTOR AFRIWANDI DIRECTOR BOGI WITJAKSONO CEO TELKOMSEL HENDRI MULYA SYAM DIRECTOR MOHAMAD RAMZY DIRECTOR ADIWINAHYU BASUKI SIGIT DIRECTOR DERRICK HENG DIRECTOR WONG SOON NAM DIRECTOR BHARAT ALVA DIRECTOR NUGROHO DIRECTOR R. MUHARAM PERBAWAMUKTI 4#5Share Ownership Ownership Listings IDX Inclonesia Stock Exchange Bursa Efek Indonesia 52.1% Government of Indonesia NYSE Telkom Indonesia 47.9% the world in your hand Public Telkom Indonesia is the only dual-listed Indonesian company at Indonesia Stock Exchange (Bloomberg: TLKM IJ) and New York Stock Exchange (TLK US) Telkom Indonesia the world in your hand Total Shares 99,062,216,600 shares Market Capitalization Rp421 Tn (USD28.5 Bn)* *as of 28 April 2023 5#65 Bold Moves Strategy Five Bold Moves Framework DIGITAL PLATFORM DIGITAL CONNECTIVITY 1 2-speed approach to drive Fixed and Mobile collaborations¹ 2 Value unlock in infrastructure² 123 B2C B2B (TSEL focus) || (TLKM focus) FMC InfraCo- FiberCo Customer-centric telco operator Telkom Indonesia the world in your hand 3 Setup of a regional DC & hybrid digital infrastructure³ leader DC Co Set up 4 transformative B2B Digital IT services Leader B2B Digital IT Service Co DIGITAL SERVICES 5 Setup of DigiCos to build and scale new digital businesses and capture synergy value for Telkom Group DigiCo (Telkom and Telkomsel) Infrastructure Business Digital Growth Engine Needs deeper exercise across multiple strategic dimensions including complexity, regulation, stakeholder, financial impact TowerCo has already completed IPO to unlock value in November 2021 DC-related is placed under Digital Platform to accommodate integrated directions and more comprehensive strategies, including Cloud and Tech-giant strategy 6#71Q23 Results Telkom in Brief 1Q23 Financial and Operational Results Telkom Indonesia the world in your hand 7#8Performance Highlights Telkom Indonesia the world in your hand During the first quarter of 2023, Telkom recorded positive growth of 2.5% YoY in Revenue, with Net Income grew by 5.0% YoY to Rp6.4 trillion. IndiHome continued to become our engine of growth which posted Revenue of Rp7.2 trillion or grew 5.0% YoY, supported by 9.4 million total subscribers and increasing add-ons revenue. Telkomsel's Digital Business kept growing healthily. with 11.0% YoY growth in data traffic and its contribution reached 84.4% of total Telkomsel's revenue as compared to last year's contribution of 79.7% Telkom has signed Conditional Spin-Off Agreement (CSA) with Telkomsel on 6 April 2023, in relation to the TelkomGroup's plan to reposition Telkom Business into B2B and B2C. After the CSA is completed, Telkom will concentrate on B2B business while Telkomsel will defend its dominancy in B2C Telco business. 80#9Revenue 35.2 36.1 1Q22 1Q23 18.9 19.9 1Q23 Revenues Rp trillion, YoY 72.5% IT Services 75.5% 7.2 6.9 4.7 4.0 Telkom Indonesia the world in your hand 1Q22 1Q23 2.1 2.2 2.6 2.8 Data, Internet & IndiHome SMS, Fixed & O Cellular Voice Interconnection 75.0% 15.1% 74.0% Network & Other Telco Services 75.2% 9#10Expenses and Profitability 24.6 24.7 1Q22 1Q23 1Q23 Expenses Rp trillion, YoY 70.3% 9.2 8.9 EBITDA Rp trillion, YoY 19.4 19.0 2.0% لا Telkom Indonesia the world in your hand Net Income Rp trillion, YoY 6.1 6.4 5.0% % Margin 55.1 52.6 17.4 17.8 Note: Operating Net Income 1Q23: Rp6.1 tn, 1Q22: Rp6.6 tn, 6.5% YoY Operating Net Income Margin 1Q23 17.0%, 1Q22 18.7% 1Q22 1Q23 1Q22 1Q23 3.5 3.7 1.4 1.6 1.2 1.8 0.8 0.7 Operation, Personnel Interconnection Marketing General & Administrative Maintenance & Telco Services 712.7% 76.3% 716.4% 6.0% 753.5% 10#11Telkom Indonesia the world in your hand Telkomsel Performance Challenging market dynamics with on-going transition of Legacy & continuing competitive environment TSEL to effectively manage operating expenses with sustainable level of profitability at 55.7% EBITDA Margin. REVENUES EBITDA NET INCOME In Trillion 21.3 +1.1%¯ 21.5 In Trillion In Trillion -2.4% +16.2% 5.3 12.3 12.0 +7.1% 4.6 Digital 18.2 Business 17.0 -22.4% 1Q22 1Q23 Margin 1Q22* 1Q23* Margin Legacy 4.3 1Q22 3.3 58% 56% 22% 25% 1Q23 CAPEX In Trillion +82.2%- 4.0 2.2 1Q22 1Q23 *) Includes inorganic initiatives with fair value of investment and one-off from unlocking assets 3G/4G CAPABLE CUSTOMER TOTAL ASSETS BASE In Trillion In Million 7-13.7% -0.1% 101.3 101.2 11 DEVICE In Million -5.4% 175.0 151.1 128.7 121.8 1Q22 1Q23 1Q22 1Q23 1Q22 1Q23 11#12Telkomsel Digital Business Continue to Focus on Digital Business Engine of growth and accounted for 84% of Total Revenues DIGITAL BUSINESS In Trillion REVENUE +7.1% DATA USER DATA USER CONSUMPTION In Million In MB 7-1.7% +11.7% Telkom Indonesia the world in your hand 18.2 17.0 15.3 +6.5% Broadband 14.4 119.8 12,324 117.7 11,033 1Q22 1Q23 3G/4G/5G BTS ON AIR Digital Business: Telkomsel Video Telkomsel Orbit Telkomsel Telkomsel Games Music Telkomsel Telkomsel IoT redi Telkomsel TADEX Telkomsel DigiAds +10.4% Digital Services 2.5 2.8 1Q22 1Q23 1Q22 1Q23 DATA TRAFFIC BTS ON AIR In PB In Thousand +4.4% In Thousand +11.0% +6.1% Telkomsel 258.9 209.8 197.7 0.1 0.3 +144.1% 3,710 4,119 5G 247.9 168.1 +15.0% 4G 146.2 ENTERPRISE TELKOMSEL Link Aja! MSIGHT BANKING -19.4% 3G 51.4 41.4 1Q22 1Q23 1Q22 1Q23 1Q22 1Q23 12#13Fixed Line Business Telkom Indonesia the world in your hand IndiHome Add-ons Revenue 16.5% of IndiHome Revenue Total Subscribers Revenue (Rp) 7.2tn 7 5.0% YoY EBITDA Margin FY22 Relatively stable at around 50% Additional Subscribers 9.35mn 140k in 2023 77.0% YoY Coverage 501 cities 97.5% Indonesian cities / districts % Customer Proportion 65:35 90:10 Dual Play Triple Play Residential : Enterprise 油 Enterprise Business Revenue (Rp) 4.5tn 77.8% YoY Biggest Solutions Contributors B2B IT Digital Services Enterprise Connectivity Strenghtening the Business ☐ Cloud Business Building ☐ Strategic Partnership with Global Tech Players Wholesale & Revenue (Rp) 4.0tn 74.0% YoY Internasional Business Growth Contributors ☐ International Wholesale Voice ☐ Digital Infrastructure Revenue (Mitratel stand-alone) Rp 2.1tn 79.9% YoY EBITDA Margin 81.5% 29da data centers 24 domestics, 5 overseas 36,439 Towers Biggest Towerco in SEA In terms of towers owned Tenancy 41.46x Ratio DC&Cloud Revenue Rp422bn 13#14Strategic Initiatives Fixed-Mobile Convergence (FMC) Data Center and Clouds InfraCo Telkom Indonesia the world in your hand Telkom and Telkomsel signed the Conditional Spin-off Agreement (CSA) on 6 April 2023. Telkom to transfer IndiHome business to Telkomsel. Telkom's shareholding position in Telkomsel will increase from 65% to 69.9%. FMC is very strategic to maintain the competitiveness and advantage in facing business competition, to improve the service quality provided to customers, to accelerate the process of providing broadband services to the public throughout all regions of Indonesia. The presence of robust data center and cloud infrastructure is key to enable us in developing various digital solutions to enhance customers' experience. With our integrated network, we are able to accommodate our customer future business digitization needs. Infrastructure value unlock, starting with Tower. We will continue to explore new InfraCo and infra sharing potential. This initiative aims at optimizing consolidated Telkom's Capex efficiency, quality improvement, and coverage of service; to optimize asset utility and penetration, cater market Telco business challenge, and create business value that meets investor expectation. 14#15<P> PT Telkom Indonesia (Persero) Tbk May 2023 Telkom Landmark Tower, Gatot Subroto 52, Jakarta 12710, Indonesia www.telkom.co.id @ RO Telkom Indonesia the world in your hand