Investor Presentaiton
6
Link Net
⑥ Strong balance sheet and significant cash flow generation
capabilities
(IDRbn)
Net cash with potential leverage capacity(a)(b)
EBITDA less cash capex(c)
(IDRbn)
531
Total Cash
154
Total Debt
377
243
Net Cash
2014
84.7% CAGR
481
831
381
56.2% CAGR
2015
2016
1H16
1H17
595
a) Net cash is defined as total debt (current portion of long-term debt and finance lease payables plus non current portion of finance lease payables) less cash and cash equivalents
b) Total cash and debt as of 30 June 2017
c) EBITDA less cash capital expenditures (comprising purchases of property, plant and equipment for installation and purchase of intangible assets plus IDR140bn representing the one-time amount spent on acquisition of B2JS subsea cables in 2015) does not take into
account the Company's mandatory debt service requirements or other non-discretionary expenditures and should not be relied on as a measure of the Company's residual cash flow available for discretionary expenditures. EBITDA less cash capital expenditure is a non-
GAAP financial measure of the Company's liquidity, excludes components that are significant in understanding and assessing the Company's cash flows and should not be considered as an alternative to liquidity measures derived in accordance with IFAS. The Company's
cash from operating activities was IDR1,182.6bn, IDR1, 181.7bn, IDR1,560.7bn, IDR632.4bn and IDR678.7bn for 2014, 2015, 2016 and the six months ended 30 June 2016 and 2017. The Company's cash used in investing activities was IDR1,039.7bn, IDR1,127.6bn,
IDR744.6bn, IDR314.3bn and IDR380.6bn for 2014, 2015, 2016 and the six months ended 30 June 2016 and 2017. Other companies may calculate this non-GAAP measure differently which limits usefulness as a comparative measure
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