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73.7% Fixed-line penetration: 3 per 100 persons Digital Transformation Indonesia's digital economy will remain a key driver of inclusive growth in the coming years With a large, consumption-driven domestic market and accelerated digitalisation during 2020-21, Indonesia's burgeoning digital economy looks set to drive growth and enable inclusive development in the coming years. Fintech, telemedicine and education tools are among the standout opportunities. Widening internet access will be key to unlocking this potential. Value of Indonesia's digital economy looks set to triple, 2020-25F* Gross merchandise value ($ bn) The country's smartphone penetration has outpaced the global average, 2017-21E % OF POPULATION 100 - Indonesia World 80 60 40 2017 2018 2019 2020 2021E Indonesia's internet connectivity varies by region, Q2 2020 11% CAGR 25% CAGR 124 Direction of change in share of total users (y-o-y) % of total internet users 40 44 100 2019 2020E 2025F *Nov 2020 report by Google, Temasek and Bain & Company 75 Internet penetration in Indonesia, 2020 Internet penetration globally, 2021 50 Internet users* Rest of population Mobile-cellular penetration: 122 per 100 persons 26.3% 40% 25 II Population (m) 200 150 100 50 Digital expansion Internet access in Indonesia has improved substantially over the last decade: almost three-quarters of Indonesians were connected in 2020, far above the global average of 60%. Internet connectivity in remote areas remains difficult, though there is optimism that increasing smartphone penetration can help leapfrog this challenge. The Covid-19 pandemic accelerated Indonesia's digitalisation as consumers, businesses and governments turned to digital solutions to accomplish everyday tasks. Forecast to almost triple in value between 2020 and 2025 and with sizeable opportunities yet to be unlocked in remote areas, Indonesia's burgeoning digital economy looks set to remain a key growth driver in 2022 and beyond. PwC OBG ESG Report O OXFORD BUSINESS GROUP *all users, including fixed wireless & mobile broadband 60% 0 JAVA SUMATRA SULAWESI KALIMANTAN BALI AND NUSSA TENGGARA Sources: Brodynt; Google, Temasek and Bain & Company; Statista; UN; World Bank MALUKU & PAPUA 12

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