Investor Presentaiton
SUPERIOR BALANCE SHEET & CASH FLOW
Mitratel Leverage
Industry
MTEL
4.9
4.6
4.6
3.8
2.8
2.2
1.5
-0.2
2020
2021
2022
2023
Healthy leverage ratios (Net-Debt to EBITDA) with ample capacity to increase
Component (IDR bn)
Cash
FY22
FY23
Covenant Bank
Recurring Free Cash Flow
ā Mitratel
by Telkom Indonesia
CAGR 18-23
25%
4,752
3,849
3,108
2.823
1,848
1,560
2018
2019
2020
2021
2022
2023
Notes:
6,354
879
FCF = EBITDA - (Maintenance Capex+Interest Expense+Tax+Capitalized rent)
EBITDA
6,142
6,934
Debt
15,290
15,956
Fixed
DCM
Equity
33,807
37,044
4%
Debt to Equity (x)
0.47
0.47
< 5.00
41%
Resilient
capital
50%
Debt to EBITDA (x)
2.49
2.30
< 5.00
59%
structure in
Private
4.4 yrs 42% SOE
Net debt to EBITDA (x)
1.46
2.17
< 5.00
Floating
MTEL debt as of FY23
the midst of
rising interest
rates.
Banks
Avg maturity
Banks
4%
Foreign
Banks
Debt maturity & Lender Profile
All Debts are clean basis and in IDR currency
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