Investor Presentaiton

Indonesia Tower Industry - A Growing Market Low with network penetration significant headroom in 4G expansion and low 4G internet speed High EBITDA margin, low capex, no colocation discount, no obligation to provide power in contract Indonesia USA Western Europe India China Predominant Tower business model Independent Independent Independent² | Non Non Independent/ Independent/ Captive Captive Average Lease Rate per Tenant per month (USD)1 800-900 2,500-3,000 1,400 - 2,600 600-800 400-600 Colocation discounts / rebate | No discount No discount No discount Range from 5%-20% Range from 30%-45% 4G penetration rate 78% Average EBITDA margins (%) 82%-86% | 55%-70% 40%-50% 40%-50% 55%-60% 4G-LTE internet speed 15.1 mbps* Tower + Power No No No Yes Yes Credit Rating 2022 GDP/capita BBB/Baa2 $4,783 I New Tower Capex (USD '000 per tower) 1,3 35-50 200-250 75-90 35-50 35-50 I Source: Analysys Mason, public filings, Company Notes: 1. In local currency, and stated in approximate USD for comparison purposes. 2. (source: Company fillings, BMI, TowerXchange, S&P Market Intelligence, broker reports and SNL) 3. Independent tower business model in Western Europe, with the exception of Inwit in Italy Does not include pre-paid ground lease. Indonesian tower companies typically pay in advance for ground leases of 5-10 years. *compared to median of 20.6 mbps in other advanced Asian countries @2023 PT Sarana Menara Nusantara Tbk 6

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