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
1.0
0.5
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
4.3
4.2
4.2
0.0
2015
2016
2017
2018
2019
2020
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
Acquisition of PT
iForte Solusi
Acquiired of
2,500 XL
Infotek
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
(6,943 Towers)
Acquisition of PT
GIK (125 Towers)
Acquisition of FO
assets from Alita
(~10,800 km fiber)
2Q23 Credit Matrix
Gross Debt
Interest Coverage Ratio
Average Interest Rate (as of 30 June 2023)
Corporate Credit Rating (S&P/Fitch National/Fitch
Global)
Rp43,016bn
3.6x
6.3%
BBB/AAA/BBB-
@2023 PT Sarana Menara Nusantara Tbk
14View entire presentation