1Q23 Telkomsel Performance Review

Performance 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

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