Slides
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Empowering Indonesia RESULTS FOR THE NINE MONTHS OF 2025 (‘9M25’)
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Disclaimer ▪ PT Indosat Tbk ( “Indosat Ooredoo Hutchison” or the “Company” ) cautions investors that certain statements contained in this document state its management's intentions, hopes, beliefs, expectations, or predictions of the future which are forward - looking statements ▪ The Company wishes to caution the reader that forward - looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties including, but not limited to: ▪ The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise o The Company’s ability to manage domestic and international growth and maintain a high level of customer service o Future sales growth o Market acceptance of the Company’s product and service offerings o The Company’s ability to secure adequate financing or equity capital to fund our operations o Network expansion o Performance of the Company’s network and equipment o The Company’s ability to enter into strategic alliances or transactions o Cooperation of incumbent local exchange carriers in provisioning lines and interconnecting our equipment o Regulatory approval processes o Changes in technology o Price competition o Other market conditions and associated risks o Integration of Hutchison 3 Indonesia's business and operations
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Presenters © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id Vikram Sinha President Director and CEO Vikram Sinha President Director and CEO Vikram Sinha President Director and CEO Nicky Lee Director and CFO Bilal Kazmi Chief Commercial Officer
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President Director and CEO 9M’25 Highlights Vikram Sinha
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Opening thoughts on Q3 2025 In the first half of 2025, we laid the foundation for an improved 2H through our focus on fundamentals; these are paying fruit as can be seen in the Q3 result – IOH has delivered a steady result in 3Q 25. Financial and operational indicators are moving in the right direction & we are well poised to end the year on a positive note. We are also staying committed to our AI Northstar. Sequential Revenue Growth ARPU achieved Rp40k Stable Subscriber Base EBITDA Growth Solid Net Profits Positive HBB Momentum © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id
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Delivered a progressive quarter in 3Q’25 Sequential improvement in-line with promise for a better 2H © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id 3Q’ 25 Highlights On track to deliver improved 2H performance +4% QoQ Progressive growth +4% QoQ Customer value-driven +1% QoQ Maintained profitability +29% QoQ Stable net profits 95 Mn Healthy subscriber base +4% QoQ Rp 40K milestone achieved Revenue Cellular Revenue EBITDA Subscribers ARPU Net Profit* *Represents normalized figures. One-off items are detailed in appendix.
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Building ARPU momentum Rp40k milestone achieved but the journey continues IOH ARPU (Rp’000) 33 36 35 39 38 38 37 39 39 39 40 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 2Q 24 3Q 24 4Q 24 1Q 25 2Q 25 3Q 25 © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id Achieved through: Hyper-personalization initiatives – powered by AI Rationalization of freebies & discounts in the market Delivering Marvelous Experience
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AI TechCo making progress On track to deliver revenue aspirations IOH GB200 servers GB200s commercially live; current capacity fully contracted Working closely with customers to deliver turnkey vertical solutions Setting up for scale in 2026 © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id
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Director and CFO Financial Performance Nicky Lee
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2Q’25 3Q’25 Change Revenue (IDR Bn) 13,532 14,052 +3.8% EBITDA (IDR Bn) 6,440 6,493 +0.8% EBITDA Margin 47.6% 46.2% -1.4% Net-Profit* (Attributable to owners - IDR Bn) 1,021 1,319 +29.1% Net Debt to EBITDA 0.49x 0.49x flat All figures presented in IDR Bn. *Represents normalized figures. One-off items are detailed in appendix. 3Q’25 Financial Performance © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id
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All figures presented in IDR Bn. * Represents normalized figures. One-off items are detailed in appendix. 41,812 41,162 13,532 14,052 9M24 9M25 2Q25 3Q25 -1.6% +3.8% Total Revenue EBITDA Margin Net-Profit (Attributable to owners) Reported Reported Normalized Reported Reported EBITDA 20,000 19,348 6,440 6,493 9M24 9M25 2Q25 3Q25 -3.3% +0.8% 9M24 9M25 2Q25 3Q25 47.8% 47.0% 47.6% 46.2% -0.8ppt -1.4ppt 3,878 3,587 1,024 1,252 9M249M25 2Q25 3Q25 -7.5% +22.2% 3,8283,494 1,021 1,319 9M249M25 2Q25 3Q25 -8.7% +29.1% Key Financial Indicators © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id
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All figures presented in IDR Bn. 1 Other operating (Inc.)/ Exp includes one-off prior year tax reversals (IDR +121Bn in 9M’25) and timing of operational one-offs e.g gain on asset disposal and early site lease termination, the figures are before tax >> CoS & OPEX Performance 9M’24 9M’25 Change 2Q’25 3Q’25 Change Cost of Services 16,747 17,602 +5% 5,824 6,060 +4% Personnel 2,940 2,317 -21% 695 814 +17% Marketing 1,458 1,207 -17% 380 405 +6% General & Administration 667 687 3% 192 280 +46% Total CoS and OPEX 21,812 21,813 flat 7,091 7,559 +6.6% Depreciation & Amortization 11,613 11,885 +2% 4,044 3,913 -3% Other Operating (Income)/Expenses 1 -81 -378 +366% 3 -78 -4091% Total Expenses - net 33,344 33,320 0% 11,138 11,394 +2% © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id 21,812 21,813 7,091 7,559 9M24 9M25 2Q25 3Q25 flat +6.6% Stable cost base in 9M 25
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All figures presented in IDR Bn. © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id Capitalized CAPEX CAPEX to Revenue Ratio 7,259 10,736 4,854 3,262 9M24 9M25 2Q25 3Q25 +47.9% -32.8% 9M24 9M25 2Q25 3Q25 17.4% 26.1% 35.9% 23.2% +8.7ppt -12.7ppt CAPEX Investment for the Mid to Long Term
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Net - Debt Net - Debt to EBITDA Ratio 9,703 12,722 12,524 12,722 9M24 9M25 2Q25 3Q25 +31.1% +1.6% All figures presented in IDR Bn. 0.37 0.49 0.49 0.49 9M24 9M25 2Q25 3Q25 +0.12x flat Strong balance sheet maintained © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id Increased net debt to enable strategic CAPEX investments
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Director and CCO Operational Performance Bilal Kazmi
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Mobile customers stable; ARPU achieved Rp40k, Data Traffic & HBB Customers positive Mobile Customers, Mn ARPU (‘000) HBB Customers (‘000) Data Traffic, PB 95 95 2Q25 3Q25 39 40 2Q25 3Q25 +3.6% 352 369 2Q25 3Q25 +4.9% 4,327 4,532 2Q25 3Q25 +4.7% Healthy operational trends © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id
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© Indosat Ooredoo Hutchison 2025 - www.ioh.co.id Protecting millions of customers Using AI for B2C at Scale Aivolusi5G: AI for all powered by 5G Using AI to solve real customer problems First mass use case for solving a significant problem – Spam and Scam Building customer trust while generating unprecedented engagement Incoming Call Alert Example
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© Indosat Ooredoo Hutchison 2025 - www.ioh.co.id Guidance
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Consolidated Revenue Growth EBITDA Growth CAPEX Spent 2025 Guidance Better Than Market Low Single Digit IDR ~13 trillion 2025 Guidance © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id
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Gotong Royong We are committed to continue to deliver world class digital experiences, connecting and empowering every Indonesian
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© Indosat Ooredoo Hutchison 2025 - www.ioh.co.id APPENDIX
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Normalized 9M 2025 +3,494 Bn * Net of Tax Impact Normalized net profit driven by stellar top line performance 1Q25 2Q25 3Q25 9M25 All figures in IDR Bn © Indosat Ooredoo Hutchison 2025 - www.ioh.co.id Reported Net Profit (in IDR bn) 1,311 1,024 1,252 3,587 Gain from Tower Sale - (3) - (3) One-off transactions (Tax Provisions) (157) - 67 (90) Normalized Net Profit* 1,154 1,021 1,319 3,494
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Thank You