TELKOMs FY15 Conf Call Invitation

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Corporate Presentation

FY15

Conference Call

March 8, 2016

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Disclaimer

This document may contain forward-looking statements within the meaning of

safe-harbor.

Actual results could differ materially from projections, estimations or

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Content

TELKOM in Brief

FY15 Financial & Operational Results

Company Guidance 2016

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Content

TELKOM in Brief

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Telkom and Subsidiaries

Government Public

% %

Business

Business BusinessBusiness BusinessBusiness BusinessBusiness

Note:

: Telecommunication

: Information, Media & Edutainment

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Current Ownership

Government

Public

Treasury Shares

Total Shares

shares

Telkom Indonesia is listed at

Indonesia Stock Exchange (Bloomberg: TLKM IJ)

and New York Stock Exchange (Bloomberg: TLK US)

Market Capitalization at IDX

Rp

344.2

Tn*

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Content

TELKOM in Brief

9M15 Financial & Operational Results

FY15 Financial & Operational Results

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FY15 Performance Highlights

!

recorded strong growth of

"

Year on Year

(YoY) recorded revenue of over Rp

trillion.

# !

grew

$"

YoY to Rp

trillion.

% & ' ! ( ) ' '*

revenue grew by

+ "

YoY ; mobile digital business jumped

+ "

YoY.

#

continued its leading network supply with

$ , - '

installed to strengthen mobile broadband experience.

Around "

of new BTSs are 3G/4G BTS.

+ "

YoY ; mobile digital business jumped

+ "

YoY.

. /

remained healthy with voice rose

"

YoY and SMS

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FY15 Operational Results

#

01

Total customers: 152.6 mn, increased 8.6% YoY. 3G/4G-capable device users: 61.7 mn (+52.7%).

Mobile data payload jumped 110% to 492 Peta-bytes.

2.2 mn customers changed to USIM to enjoy 4G LTE.

Added 17,869 new BTS in FY15, 90% are 3G/4G BTS.

230

01

IndiHome subs reached 1.1 Million in FY15

Fixed broadband users (incl. non-IndiHome) increased 17.2 % YoY to 4 million

Fixed line subs increased to 10.3 million (+6.0% YoY)

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Strong Revenue Growth, Driven by

Data Business

!

YoY

(Rp Trillion)

34.3

37.3

32.7

$

23.8

14.0

8.4

4.5 4.7

15.1

7.8

5.2

4.3

Cellular Voice Data Internet & IT Service (Excl. SMS)

SMS Fixed Line Voice Network and Other Telco Services

Interconnection

FY14 FY15

FY14 FY15

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Strong Normalized EBITDA & Net Income

Growth

(Excluding Early Retirement Program)

-

%4

YoY

(Rp Trillion)

5

YoY

(Rp Trillion)

- %4 6 , 7

without ERP

5

6 , 7 without ERP

FY14 FY15 FY14 FY15

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Increased Operating Expenses in line with

Infrastructure Development

01

.

)1

YoY

(Rp Trillion)

28.1

22.3

17.1

9.8

4.0 4.9

3.1

18.5

11.9

4.2 _3.6

3.3

FY14 FY15

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+15% 76.1 53.7 22.4 66.3 50.6 15.6 REVENUES

YEAR-ON-YEAR ACHIEVEMENT

In Trillion 13.1 FY14 14.5 FY15 CAPEX PAID 6 6%% Legacy Digital Business 43% 43%

EBITDA NET INCOME

In Trillion In Trillion Margin Margin FY15 42.6 FY14 37.2 19.4 FY15 22.4 FY14 15% 15% 14% 14% In Trillion --10%10%

Telkomsel: Strong Revenue Growth with Healthy

Profitability

FY15 FY14 +15% FY15 17.9 2.0 14.3 1.6 FY14 15.6 3.6 11.8 0.2

In Million In Thousand

TOTAL ASSET BTS ROLL OUT BTS ON AIR

In Thousand 48.4 53.1 1.8 FY14 85.4 46.4 38.8 0.2 +21% FY15 103.3 CUSTOMER In Trillion 21% 21% --44%44% 37% 37% 4 4%% 56% 56% 56%

56% 29% 29%29%

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2.1 20.3 15.6 1.5 14.1 +43% 22.4 DIGITAL BUSINESS REVENUE In Million

YEAR-ON-YEAR ACHIEVEMENT

In Trillion DATA USER 39% 39% Digital Services Broadband 44% 44% 492.2 234.9 DATA TRAFFIC 110% 110% In PB Broadband: Telkomsel Flash BlackBerry Digital Services:

- Digital Lifestyle - Digital Advertising

73.9 67.9

9 9%%

Telkomsel: Continue to Focus on Digital Business

2.1 FY14 1.5 FY15 39% 39% Services FY15 FY14 FY15 61.7 FY14 40.4 3G/4G CAPABLE DEVICE 53% 53% In Million FY15 FY14

3G & 4G BTS ROLL OUT

In Thousand

3G & 4G BTS ON AIR

In Thousand

- Digital Advertising

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4 7 1 /

, #

By strengthened capacity and capability of Human Resources as well as improved business process

Accelerating Fixed Line Business

. . 1 .

8

subscribers as of December 2015

% 8 7 . As of end of Dec 2015 we have

4,800

% 8 7 .

More than 60 million households with growing middle class segments

Very low fixed broadband penetration (around 6%)

15

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Progress in 2015

' 49 9: ' '/

10 million fiber-based homes passed

320 thousand WiFi access points

-94 True Broadband Access

' 49;' ' '/

Connecting Indonesia to United States Consortium of 7 operators , expected completion 4Q17

' 49 9: ' '/

81.9 thousand km of nationwide fiber-based backbone network

74 thousand square meters of Data Center

20 thousand square meters of Data Center in Jurong Malaysia (under contsruction)

Connecting Indonesia to West Europe Consortium of 22 operators, expected completion 4Q16

4 < 6

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Awards & Recognition

# . +

4, 7 =

ASEAN Marketing Summit

- 7

-4,

Forbes Indonesia

1

Infrasctructure Week 2015

> 1

?

-Brand Finance & SWA Magazine

' 4

-National Center for Sustainabiliy Reporting

# 7 =

Indonesia Marketing Champion 2015 in Telco from MarkPlus Inc.

@ @ . & @ 1

7 =

Mix-Marcomm Magazine

8 1 ' /

4,

7 Awards for Telkom from Dunamis and Business News Week

17

A & ' !

) 4,

3 Categories for Telkomsel

:0:

' ! )

4,

MarkPlus Inc.

4 ' 4 '

4,

for Telkomsel from Mobile Marketing Association

% . # .

4,

For Telkomsel from Surveyone & Marketing Magazine

' 4,

Frontier Consulting Group & Marketing Magazine

' ! '

4,

Frontier Consulting Group & SWA Magazine

6 .

4,

Telecommunication Operator Association in Indonesia

- 4 !

4,

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Content

TELKOM in Brief

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- %4 & 5

.

To slightly decline in line with continued broadband infrastructure development both in mobile and fixed line businesses

2016 Management Guidance

!

6 , 7

To grow inline with or better than market rate in FY16 by continued effort in growing digital business

# % . 5 , # )1

2

.

% .

-% !

% .

8

&

1

'

-

6

, 7

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Telkom Group Portfolios

In 2016 we have new portfolio structure

1 1 with A . ; (CFU)

@

Portfolios Facing Units

CFU % . ' ! CFU ' ! Mobile Legacy Mobile Broadbandt A ) ' ! > & >

5 , #

Fixed Voice Fixed Broadbandt Wholesale -Interconnection International Businest Satellites Towerst 1 CFU CFU :7 B CFU

' ! ' ! & >

1 % . @ Enterprise Connectivity IT Services Data Center and Cloud BPO Devices/Hardware % . ' Payments Digital Advertising Big Data & Other Smart Enablers

e-Commerce Video/TV

Mobile Digital (e.g., Games, Music)

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C & 4

21

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