Telkom Finance & Risk Management Director Heri Supriadi (center), Telkom Strategic Portfolio Director Budi Setyawan Wijaya (second from left), Telkomsel Finance & Risk Management Director Mohamad Ramzy (second from right), Telkom VP for Corporate Communication Andri Herawan Sasoko (far right) and Telkom VP for Investor Relations Anetta Hasan (far left) at the 2023 Telkom Live Public Expose in Jakarta, Thursday (30/11).

Telkom remains optimistic about maintaining and positively growing its performance for 

the 2023 financial year.

Jakarta, 30 November 2023 – Towards the end of 2023, PT Telkom Indonesia (Persero) Tbk (Telkom) continues its planned transformation over the past two years. Through the main strategy of Five Bold Moves (5BM), this strategic step is beginning to show positive signals and is expected to sustain the company's profitability in the future.

This was conveyed by Telkom's Strategic Portfolio Director, Budi Setyawan Wijaya, at the 2023 Public Expose Live on Thursday (30/11). The event was also attended by Telkom Director of Finance and Risk Management, Heri Supriadi, and Telkomsel Director of Finance and Risk Management, Mohamad Ramzy. During the occasion, Heri explained the company's performance, strategy, and performance projections for the 2023 financial year.

"This year, Telkom continues its transformation through the Five Bold Moves strategy, aiming to enhance value for sustained competitiveness and profitability. "After implementing FMC last July, we are now accelerating TelkomGroup's data center business to strengthen it both in terms of capacity and capability," Budi said.

The Fixed Mobile Convergence (FMC) initiative aims to meet the demand for high-speed broadband and reliable connectivity. Since July 2023, TelkomGroup, through Telkomsel, focusing on business-to-consumer (B2C) operations, has prioritized cost optimization, customer convergence, and maximizing mobile channels. This corporate action aims to expedite digitalization in Indonesia by delivering superior customer experiences and infrastructure, with an emphasis on equal access, channel expansion via a unified application, and enhanced customer service."

FMC is expected to demonstrate efficient results as planned by the company. Similarly, the synergy value from IndiHome and Telkomsel has been meticulously prepared. It is anticipated that as the process continues, the potential for increased revenue from the synergy between the two can yield results starting early next year.

Presently, Telkom, via its subsidiary Telkom Data Ecosystem, oversees the operationalization of the Cikarang Hyperscale Data Center and the construction of the Batam Hyperscale Data Center. Looking ahead, in addition to expanding and constructing data centers, Telkom remains open to strategic collaborations with global partners to enhance its value as the hub of the digital ecosystem.

Optimism: Telkom Records Positive Performance in Financial Year 2023

During the Public Expose Live 2023, Telkom Finance and Risk Management Director, Heri Supriadi, elaborated on the company's performance. Up to September 2023, Telkom achieved positive growth of 2.2% YoY, reaching 111.2 trillion rupiah in revenue, driven by a 4.8% year-on-year growth in Data, Internet & IT Services, totaling 63.4 trillion rupiah. "This accomplishment is in line with the increasing revenue from IndiHome and the ongoing transition from legacy to data business," Heri said.

Additionally, the company recorded an EBITDA of 59.1 trillion rupiah with an EBITDA margin of 53.1%, reflecting an increase from 52.2% in the first semester of 2023. Meanwhile, Net Profit surged by 17.6% year-on-year to 19.5 trillion rupiah during the same period. Regarding expenses, there was a decrease in depreciation and amortization costs by 3.7% year-on-year, totaling 24.1 trillion rupiah, and a reduction in marketing expenses by 6.9% year-on-year, amounting to 2.6 trillion rupiah.

Telkomsel, as a subsidiary, recorded a positive Digital Business revenue growth of 7.0% year-on-year, attributed to robust payload data growth, resulting in a revenue contribution increase to 86.1% from 81.0% in the same period last year. Telkomsel achieved a subscriber base of 158.3 million and significantly accelerated the addition of IndiHome B2C customers, totaling 205 thousand.

In alignment with the company's commitment to focus on targeting the business-to-business (B2B) market, Telkom, through its Enterprise Segment, launched Indibiz. Indibiz offers connectivity services, platforms, and digital services tailored for small and medium enterprises (SMEs), categorized into Indibiz Ruko, Indibiz Finance, Indibiz Education, and Indibiz Hotels.

Until September 2023, Telkom allocated 22.1 trillion rupiah or 19.9% of its total revenue for capital expenditure, primarily directed towards developing telecommunication network infrastructure to enhance the digital customer experience.

"With sustained performance throughout the third quarter, we are optimistic about Telkom's ability to achieve positive and profitable results for the 2023 financial year. Additionally, we anticipate progress in realizing the company's main strategy, which is poised to deliver optimal value for stakeholders and investors in the future," concluded Heri.

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