PT Telekomunikasi Indonesia, Tbk.

PT Telekomunikasi Indonesia, Tbk.

1H14 Results

July 2014

Disclaimer

This document may contain forward-looking statement within the meaning of safe-harbor.

Actual results could differ materially from projections, estimations or expectations. These may involve risk and uncertainty, and may cause actual results and development to differ substantially from those expressed or implied in the statements. The company does not guarantee that any action, which may have been taken in reliance of this document will bring specific results as expected.

2

C O N T E N T C O N T E N T

01

Financial and Operational Results

02

Telkom in Brief

01 Telkom in Brief

4

Business and Customer Portfolio

Telecommunication

POTS FWA

Mobile / Cellular International Services Broadband

Network Services Tower

Information

Premise Integration Services VA, Managed App &

Performance/ITO E-Payment

ITeS (BPO, KPO)

Media & Edutainment

Media : Pay TV & FTA Content / Portal

Retail Wholesale

International

Personal

Consumer/Home

SME Enterprise

OLO ( Other Local Operators )

Ser vic e

Telkom and Subsidiaries

6

Total Shares (after Stock Split)

100,799,996,400 shares

Market Capitalization at IDX

Top 5 ^248.5Tn*

Current Ownership

Telkom Indonesia is listed at Indonesia Stock Exchange (TLKM IJ) and New York Stock Exchange (TLK US)

Public 48.8%

Government 51.2%

*) as of June 30, 2014

Treasury Shares 2.6%

02 Financial and Operational Results

9

Highlights

Well maintained strong financial results Consol Revenue grew 8.6% YoY to Rp43.6tn Tsel Revenue grew by 10.0% YoY to Rp31.3tn

Gaining remarkable subscribers growth

Broadband users grew 41.8% YoY to more than 28.6mn.

Cellular subscribers grew 9.8% YoY to 137.4mn

Telkomsel continues the leadership in network quality and coverage Total BTS 74,326 units, a 28.9% YoY growth

3G BTS 30,575 units, a 72.2% YoY growth.

New BTS 1Q14 4,462 units, a 32.5% YoY growth, average >1,000 BTS/month.

Mobile Data Speedy

Data Services

Revenues (Rp Tn) Users (Mn)

Fixed Bband

Mobile Data

▲ 15.6%

▲ 22.3%

4.8

11

1H13 1H14

▲ 21.9%

51.8 63.3

2.8

3.2

▲ 33.6%

1H13 1H14

▲ 8.1%

6.4

2.2 2.4

4.7

Cellular BTS

SUMATERA 29%

21.5K BTS

JAVA 43%

32.1K BTS

KALIMANTAN 9%

6.9K BTS

SULAWESI & PAPUA 13%

9.6K BTS

BALI & NUSRA 5%

4.0K BTS

Java 43%

Non Java

57%

Revenues YoY

^{(Rp Tn)}

Note: “Other” among others consists of CPE, Pay TV, Leased Revenue, Directory Assistance, USO and Modem Sales

▲ 8.4% ^{1H13 1H14}

TOTAL

Cellular SMS Data Comm Oth Others

12 40.2

43.5

1H13 1H14

15,398 15,039

5,013

2,355 655 1,700

16,379

17,479

4,570

2,491 705

1,917

Cellular voice Data, Internet, & IT Fixed line voice Interconnection Network Other 1H13

1H14

6.3 4.6

2.2

6.4 6.3

2.4

Expenses YoY

^{(Rp Tn)}

▲ 11.5%

Note: “Other” consist of (gain)on forex – net, Other Income & Expense – net.

TOTAL

26.3

29.3

1H13 1H14

9,732

6,940

4,605

2,371

1,339 1,638

(311) 10,699

8,163

4,668

2,545

1,455 1,846

O&M D&A Personnel Interconnection Marketing G&A Other(27) 1H13

1H14

Cellular: 1H14 Solid Revenue Growth, Maintained Healthy Margins

1H-14 31.3

24.3 7.0

1H-13 28.5

23.2 5.3

+10%

REVENUE

+22%

2.5

1H-14 7.9

5.4 7.2

9.7

2.5 1H-13

In Million In Thousand

YEAR-ON-YEAR ACHIEVEMENT

In Trillion

18%

1H-14 19%

1H-13

CAPEX TO REVENUE

TOTAL ASSET BTS ROLL OUT BTS ON AIR

In Thousand +28%

1H-14 79.6

45.3 34.3

1H-13 62.2

41.4 20.8 CUSTOMER

In Trillion

3G

2G 3G

2G

1ppt 5%

Legacy Digital Business

34%

-3%

33%

65%

9%

EBITDA NET INCOME

In Trillion In Trillion

Margin 55%

56%

Margin 28%

30%

17.4

1H-13 16.1

1H-14 1H-14

8.8

1H-13 8.6

3%

8%

1H-14 69

1H-13 60

14%

125 137

1H-14 1H-13

10%

Debt to Equity Ratio (DER)*:

June-14: 9% (June-13: 7%)

*) excluding obligation for finance lease

Free Cash Flow

June-14: Rp.8.5tn (June-13: Rp.9.3tn)

Cellular: 1H14 Continue to grow Digital Business

1H-13 5.3

0.5 4.8

+33%

1H-14 7.0

0.7 6.4 DIGITAL BUSINESS

REVENUE

In Million

YEAR-ON-YEAR ACHIEVEMENT

In Trillion

DATA ENABLED CUSTOMER

Digital 29%

Services Broadband

34%

1H-14 93.6

1H-13 37.9

DATA TRAFFIC

147%

In TB

1H-14 31.2

1H-13 19.9

3G DEVICE CAPABLE

57%

In Million

1H-14 7.2

1H-13 5.4

3G BTS ROLL OUT

34%

In Thousand

34.3

1H-13 20.8

1H-14 3G BTS

ON AIR

65%

In Thousand

Broadband:

Telkomsel Flash

BlackBerry

Digital Services:

-Digital Lifestyle - Digital Advertising

- Digital Payment & Mobile Banking

63 52

1H-13 1H-14 22%

Continue to Deliver Value to Shareholders

▪ In line with or slightly above the market for both TLKM Consolidated and

Telkomsel Revenue Growth

▪ Stable to slight decline for both TLKM Consolidated and for Telkomsel

EBITDA Margin

▪ Group (Consolidated): 20-25% over Revenue

▪ Allocation:

▪ Telkomsel: 60%

▪ TLKM & Others: 40%

Capex

2014 Company Outlooks

17

Capital Expenditure

^{(Rp Tn)}

1H14, Total CAPEX Rp12.1 Tn or 27.8% over Revenue

Radio access network Backbone & Access

Infrastructure

Other Subsidiaries

Tower, IT, Media, International Expansion

6.5 3.9

1.7

Question and Answer

18