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Investor Presentaiton

5 Strong operating and financial track record Link Net Decreasing expense as % of revenues as business expands leading to industry leading margins 1,433 1,673 890 755 57.6% 56.5% 1,826 1,909 Homes passed (k) 1,024 1,075 RGUS (k) 58.4% 58.2% EBITDA margin(a) 17.7% Revenue CAGR (b) 18.2% EBITDA CAGR(c) 3,212 Revenue (IDRbn) 2,954 2,564 2,136 1,343 Operating expenses (d) 1,227 1,114 905 1,231 2014 1,869 EBITDA(a) 1,727 1,450 2015 2016 LTM 1 H17(e) a) EBITDA is a non-GAAP financial measure of the Company's performance and should not be considered as an alternative to performance measures derived in accordance with IFAS. Other companies may calculate this non-GAAP measure differently which limits its usefulness as a comparative measure. EBITDA margin is defined as EBITDA divided by revenue b) 2014-LTM 1H17 Revenue CAGR calculated using a factor of 2.5 to account for the 2.5 years from 31 December 2014 to 30 June 2017 c) 2014-LTM 1H17 EBITDA CAGR calculated using a factor of 2.5 to account for the 2.5 years from 31 December 2014 to 30 June 2017 d) Operating expenses defined as the summation of Cost of Revenue, Selling Expenses, General and Administrative Expenses and Other Expenses (Income) e) Last Twelve Months (LTM) 1H17 refers to the twelve months period ended 30 June 2017. The unaudited financial data for LTM 1H17 has been derived by adding the Company's financial data for 2016 to the financial data for 1H17 and subtracting the financial data for 1H16. The information is not indicative of the Company's results of operations for the full financial year ending 31 December 2017 or any interim period and may not reflect the Company's actual performance for the full financial year ending 31 December 2017 18
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