CORPORATE PRESENTATIONSINGTEL INVESTOR DAY - 9 June 2017Heri Supriadi – Director of FinanceEdward Ying – Director of Planning & Transformation

1

Profile

Brands

• Operating since 1995, Telkomsel is the subsidiary of PTTelekomunikasi Indonesia Tbk (65%) and Singapore TelecomMobile Pte Ltd (35%)

• Leading cellular operator in Indonesia serving more than 169million customers and 5,100 employees

• Covering ± 99% of population with more than 136,000 BTS

Company Profile

Top Brand Equities in Indonesia: Maintained network superiority:

• 63% of 3G/4G BTS

• ± 239 4G Kabupaten Cities

1

Network

2

Indonesia Telco Industry Overview

Population Coverage: ± 99%

with 3G Coverage: ± 68%

Sumatera

CB portion: 28%

Greater Jakarta &

West Java

CB portion: 22%

Java & Bali

CB portion: 28%

Papua, Maluku,

Sulawesi, Kalimantan

CB portion: 22%

Widest Coverage in Indonesia

5 relevant operators (4 GSM +

1 CDMA) in mature industry

with estimated 135% SIM-card

penetration (± 75% population-

based). Relatively stable

competition in legacy business

Digital Business is the new

engine of growth and operators

are preparing for a future as a

Digital Telco company

Growing Data Business with

higher portion of 3G/4G BTS

and increased 3G/4G capable

device penetration

2

TSEL extended it’s market leadership with

consecutive

TRIPLE-DOUBLE-DIGIT GROWTH

since 2012

8776

66605549

+14.0%

14.8%

10.4%

10.1%

11.9%

201620152014201320122011

504337343128

201320122011

+14.4%

+16.9%10.0%

10.0%

11.8%

201620152014

282219171613

2012 20132011 2016

+15.4%

+26.1%

2014 2015

11.8%

10.4%22.5%

Revenue EBITDA Net Income

5th Consecutive Year of Triple-Double-Digit Growth

Figures in Rp. trillion

…and continued to maintain strong performance momentum for the first quarter of 2017Another Triple-Double-Digit growth in Revenues, EBITDA and Net Income

3

-8.8%+1.4%

+4.3%

1.81.83.13.4

13.212.6

EBITDA (Rp.Tn)

Customer Base (Mn)

Net Income (Rp.Tn)

12%

Margin

BIG-3’s QoQ Performance in 1Q17

-2.5% +0.1%

-3.4%

5.35.36.16.2

22.323.1

67%17%

Cellular Revenue (Rp.Tn)

+7.4%

0.20.20.3

7.77.2

-35.1% -78.2%

0.0

12%

46.5

85.7

173.9

48.0

95.6

169.4 +11.6%

-2.6%

+3.2%

21%

31% 35%

Margin4% 1%

4Q16 1Q17 4Q16 1Q17 4Q16 1Q17 4Q16 1Q17

4G

3G

2G

4Q16 1Q17 4Q16 1Q17

4Q16 1Q17 4Q16 1Q174Q16 1Q17

ARPU (Rp.000)

45 43 33 3325 22

BTS On Air (000)

17%

+5.5%

136.1

37%

55%

8%129.0

39%

56%

5%

44%

46%

10%

+3.7%

87.6

43%

45%

12%84.5

17%

+43.0%

7.1

-8%-2%

74%

27%

41%

68%4.9

BTS Addition (000)

4Q16 1Q17 4Q16 1Q17 4Q16 1Q17 4Q16 1Q17

-1%

83%

17%

32%

67%

5.8

-45.1%

3.2

1%

4Q16 1Q17

TSEL66%

ISAT18%

XL16%

Rev

share

0.0ppt

+0.4ppt

Industry Growth (BIG-3) -2.7%

4Q16 1Q17

55% 59% 35% 35%44% 43%

TSEL54%ISAT

31%

XL15%

Market

share+2.6ppt

+0.1ppt

Industry Growth (BIG-3) +2.2%

-0.5ppt

-2.7ppt

4Q16 1Q17

4% 3%

49%

9%56.5

+3.0%

58.2

42%43%

49%

8%

4Q16 1Q17

-25.5%

1.7

10%46%

43%

2.3

8%

64%

28%

4Q16 1Q17

TSEL real BTS new rollout 1Q17: 7.7K (571BTS 2G in progress forrelocation)

4

+4.7%-15.7%

+13.0%

1.82.23.13.0

13.211.7

EBITDA (Rp.Tn)

Customer Base (Mn)

Net Income (Rp.Tn)

12%

Margin

+6.6% -6.2%

+10.4%

5.35.66.15.7

22.320.2

67%17%

Cellular Revenue (Rp.Tn)

-72.5%-17.3%

+17.8%

0.00.20.20.3

7.76.5

12%

42.5

69.8

153.6

48.0

95.6

169.4+37.0%

+10.3%

+12.9%

21%

Margin

1Q16 1Q17 1Q16 1Q17 1Q16 1Q17 1Q16 1Q17

4G

3G

2G

1Q16 1Q17 1Q16 1Q17

1Q16 1Q17 1Q16 1Q171Q16 1Q17

ARPU (Rp.000)

43 43 39 3326 22

BTS On Air (000)

17%

44%

52%

4%

+23.1%

136.1

37%

55%

8%110.5

43%

45%

12%

59.0

63%

31%6%

+48.5%

87.6

17%

-2.3%

7.1

-8%

41%

68%

7.2

10%

56%

34%

BTS Addition (000)

1Q16 1Q17 1Q16 1Q17 1Q16 1Q17 1Q16 1Q17

3.2

1%

32%

67%

0.2

-47%

53% 94%

+1,865.2%

1Q16 1Q17

TSEL66%ISAT

18%

XL16%

Rev

share

-2.2ppt

Industry Growth (BIG-3) +6.8%

1Q16 1Q17

58% 59% 39% 35%43% 43%

TSEL54%ISAT

31%

XL15%

+4.3ppt

-0.6ppt

Market

share

Industry Growth (BIG-3) +17.7%

+2.2ppt

-3.7ppt

32% 35% 3% 1%

0.0ppt

+11.2%

58.2

42%

49%

9%52.3

45%

48%

7%

1Q16 1Q17

43%

1.6

7%

82%

11%

46% 10%

+3.2%

1.7

1Q16 1Q17

4% 3%

1Q16 1Q17

TSEL real BTS new rollout 1Q17: 7.7K (571BTS 2G in progress forrelocation)

BIG-3’s YoY Performance in 1Q17

5

Key to these results have been Telkomsel’s Network & Brands

superiority coupled with leadership in Digital & Customer

Experience

Leading BrandsUnparalleled

Customer

Experience

#1 Trusted Brand

Superior Network

LEVERAGE

Network superiority

to drive monetization

#1 Mobile Network

in Indonesia

DELIGHT

Customer centric

loyalty programs,

products & services

EMPOWER

Retail digitalization,

mobile self care,

TCASH & content

EXPLOIT

the legacy,

strengthen the core

#1 NPS & CSAT

Digital First

#1 Digital Lifestyle

*NPS: Net Promotor ScoreCSAT: Customer Satisfaction

6

Unfavourable

Regulations

Uncertainties around potential Network/Spectrum

sharing which will lend competitors’ unfair

advantage

OTT

Cannibalisation

Cannibalization of Voice & SMS revenue

growth byOTT services

SpectrumLack of clarity in spectrum auction timeline &

regulations

Irrational 4G

Competition

Under priced 4G data offers threatens to further

destroy value and accelerate decline in data

yield (RpMB)

Despite strong performance in 1Q-2017 still much

uncertainties in the industry

7

Telkomsel will execute several strategic programs to tap into next avenue of growth, while undergoing costs transformation to support growth

Engines of Growth

Enterprise AdvertisingDigital

MarketplaceBig Data IOT/M2M

Mobile Financial

Services

Bottom Line Improvement

Costs Transformation

Anchored on radical simplification, with the intent to create ‘strategic agility’, through:

▪ SDN/Network virtualization

▪ Distribution optimization

Providing ICT

solutions for

Indonesian

companies, (e.g.

cloud computing,

collaboration

tools and cyber

security)

Monetizing

advertising

channels and

capabilities of

Telkomsel (e.g.

SMS, location-

based ad, video

ad, coupon and

lock screen, etc.)

Building content

aggregation

platform for video

and music

through

partnership with

3rd parties (e.g.

Hooq, Viu and

Langit Musik)

Leveraging

Telkomsel data

and analytics

capabilities to

create value for

B2B customers

(e.g. credit

scoring, traffic

data analysis for

retailers)

Becoming

preferred

connectivity

provider or

integrator for

selected verticals

in the IOT space

Unlocking

financial services

opportunities

both from

unbanked and

banked

population by

leveraging TSEL

assets

▪ Process digitization

▪ Product/IT simplification

▪ Agile organization

8

3 M

aste

rpie

ce

Business Transformation

for Digital Smart Care

Deliver online Digital sales

channel & distribution tool Factory of disruptive digital

product innovationEnterprise Mobility

Business Solution

Scale Up TCASH through

Transport/Hybrid use

case

Monetize API for third

party developer

Intensify Big Data

& adv. analytics

& API commercialization

SME and Industrial

Park acquisition

Drive Cost

Leadership Initiatives

for Infrastructure

LTE Roll Out 10K eNodeB

to support digital business 10

Mai

n P

rogr

ams

1

2a

2b

FY2017 Masterpiece & Main Programs

69

Revenue Inline with or slightly above market growth rate

EBITDA Margin Slightly decline as compared to last year

ARPU Single digit increase as compared to last year

CAPEX Approximately 15% over revenue

BTS Roll-out Focus on 3G/4G roll out

2017 CORPORATE GUIDANCE

7109

Thank You

“Telkomsel: Building Digital Indonesia. Telkomsel commit to execute digital initiative

with new mindset for Telkomsel’s future growth.”

Year 2017’s theme shows Telkomsel’s perseverance to continue becoming

the industry & market leader, via both transformation on Digital execution and commitment

to contribute to Indonesia Digital development.

DISCLAIMER:This document may contains forward looking statements within the meaning of applicable law. Forward lookingstatements ,by their nature, involve risks and uncertainties that could cause actual results and development todiffer materially from those expressed or implied in these statements. The company does not guarantee that anyactions which are taken in reliance on this document will bring specific results as expected.