Financial and Market Opportunity Overview

...Supported by an underpenetrated digital infrastructure network for development Increasing connections and strong demand for data consumption will continue to drive the Indonesian digital infrastructure space Unique subscribers are expected to grow Unique mobile subscribers and unique subscriber penetrations Indonesia lags in the adoption of mobile technologies Share of 4G/5G as a proportion of total mobile connections in 2020 Forecast +1.6% +2.0% 93% 83% 62% 63% 64% 65% 66% 67% 67% 67% 67% 68% 68% 79% 69% 65% 65% 45% 164 167 180 177 173 185 188 190 193 195 198 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Unique mobile subscriber (mn) Unique mobile penetration Average Low penetration of fixed broadband penetration compared to other South-East Asia countries Benchmarks of household fixed broadband penetration Low subscriber penetration offers considerable headroom for growth Unique subscriber penetration across benchmark countries 102%106% 101% 89% Source: Analysys Mason. oratelindo broadband company 84% 71% 60% 62% 52% 55% 56% 40% 40% 36% Average ■2020 ■2026 28% 13% 88% 87% 80% 76% 75% 67% 66% Average 12

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