Investor Presentaiton
Strong Investment Grade Balance Sheet
Leverage comfortably within investment grade range despite acquisitions and dividend.
Net Debt to LQA
EBITDA (x)
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.8
1.6
1.5
2.5
2.4
2.4
2.2
2.1
2.1
4.4
4.4
4.4
4.3
4.2
4.2
1.0
0.5
0.0
H
2015
2016
2017
2018
2019
2020
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
1Q23
Acquisition of PT
iForte Solusi
Infotek
Acquiired of
2,500 XL
Towers
Acquisition of PT
Komet Infra
Nusantara
(1,369 Towers)
Acquired
1,000 Indosat
Towers
Acquired 1,646 XL
Towers
Acquisition of PT Solusi Tunas
Pratama and Bumen
Acquisition of PT
OGIK (125 Towers)
Acquisition of FO
assets from Alita
(6,943 Towers)
(~10,800 km fiber)
1Q23 Credit Matrix
Gross Debt
Interest Coverage Ratio
Average Interest Rate (as of 31 March 2023)
Corporate Credit Rating
Rp43,573bn
3.6x
6.5%
BBB/AAA/BBB-/Baa3
@2023 PT Sarana Menara Nusantara Tbk
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