Corporate Presentation

1H17 Results

PT Telkom Indonesia (Persero) TbkAugust 2017

Disclaimer

This document may contain forward-looking statements within the meaning of safe-harbor. Actual results could differ materially from projections, estimations orexpectations. These may involve risks and uncertainties, and may cause actual resultsand development to differ substantially from those expressed or implied in thestatements. The company does not guarantee that any action, which may have beentaken in reliance of this document will bring specific results as expected.

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Board of Directors

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Telkomsel

Telkom

CEO TelkomselRIRIEK ADRIANSYAH

DirectorHERI SUPRIADI

DirectorEDWARD YING SIEW HENG

DirectorALISTAIR D JOHNSTON

DirectorMAS’UD KHAMID

DirectorSUKARDI SILALAHI

DirectorBOB APRIAWAN

CEO TELKOM GROUPALEX J. SINAGA

DirectorHARRY M. ZEN

DirectorHERDIY R. HARMAN

DirectorABDUS SOMAD ARIEF

DirectorDIAN RACHMAWAN

DirectorMONTGOMERY HONG

DirectorZULHELFI ABIDIN

DirectorDAVID BANGUN

DirectorIRFAN TACHRIR

TELKOM in Brief

1H17 Financial & Operational Results

Company Guidance 2017

Share Ownership

5

Government 52.1% Public 47.9%Treasury Stock

1.7 Bn shares

Total Shares

100,799,996,400 shares

Market Capitalization

Rp473.7 Tn (USD35.2Bn)*

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

*as of July 26, 2017

TELKOM Introduction

1H17 Financial & Operational Results

Company Guidance 2017

1H17 Performance Highlights

Telkom Indonesia delivered remarkable remark in 1H17, posting triple double-digit growth in Revenue, EBITDA, and Net Incomeof 13.4%, 15.4%,and 21.9% YoY respectively.

Data, Internet & IT Services sharply increased close to 20.0% YoY. This segment contributed 42.4% to total revenue.

Telkomsel recorded another triple double-digit growth with Revenue grew by 11.9%, EBITDA 14.0%, and Net Income 15.6% respectively.

Telkomsel installed 17,538 new BTSs, all of which are 3G/4G BTSs toenhance mobile broadband experience.

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28.8

33.2

Strong EBITDA & Net Income Growthwith Healthy Margins

EBITDA YoY(Rp Trillion)

Net Income YoY(Rp Trillion)

15.4%

Margin17.6% 18.9%

21.9%

1H16 1H17

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Margin51.9%51.0%

1H16 1H17

9.9

12.1

22.6

25.1

3.9

1.93.0

27.126.0

3.72.7

4.6

Strong Revenue Growth, Driven by Data Business

56.5

64.0

1H16 1H17

13.4%

Revenue YoY (Rp Trillion)

Data, Internet & IT Services

19.8%

Cellular Voice and SMS

3.6%

Fixed Line Voice

5.7%

Interconnection

41.8%Network & Other Telco Services

54.4%

Note: SMS included SMS Banking and SMS advertising 1H171H169

16.2

6.4

1.4 1.71.9

8.7

18.4

6.7

1.42.1 2.2

9.6

10

Moderate Growth in Expenses

Expenses YoY (Rp Trillion)

O & M

13.8%Personnel

4.8%Interconnection

0.2%Marketing

18.6%G & A

13.7%D & A

10.2%

1H171H16

36.6

40.2

1H16 1H17

10.0%

REVENUES

In Million

YEAR-ON-YEAR ACHIEVEMENT

In TrillionCAPEX

TOTAL ASSET BTS ON AIRIn Thousand

CUSTOMER In Trillion

Legacy

Digital

Business

EBITDA NET INCOMEIn TrillionIn Trillion

Margin

59%

Margin

34%33%

In Trillion

Maintained Strong Performance Momentum during 2017

TSEL: PERFORMANCE HIGHLIGHTS

11

-1%

26.9 27.9

14.218.1

1H16 1H17

41.146.0

+12%

+27%SS

+4%1H16 1H17

+14%

23.8

27.2

1H16 1H17

13.4

15.5

+16%

1H16 1H17

6.0

6.5+9%

1H16 1H17

+3%

78.9

80.9

1H16 1H17

157.4

178.0

+13%

1H16 1H17

118.7

146.6

+24%

58%

DIGITAL BUSINESS

REVENUEIn MillionIn Trillion

DATA USER DATA TRAFFIC In PB

3G/4G CAPABLE

DEVICE In Million

3G & 4G BTS

ON AIR In Thousand

Digital Business:

Continue to Focus on Digital Business

TSEL: PERFORMANCE HIGHLIGHTS

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1.3 1.8

12.9

16.3

1H16 1H17

Digital Services

Broadband

14.2

18.1+27%

+26%

+33%

1H16 1H17

76.2

101.7

+34%

1H16 1H17

369.7

808.4

+119%

1H16 1H17

70.1

90.0

+28%

63.978.4

4.9

17.8

1H16 1H17

3G

4G

68.8

96.2

+40%

YEAR-ON-YEAR ACHIEVEMENT

+262%

+23%

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Excellent Operational Results

◼ IndiHome subs reached 2.0 Mnincreased 34.2% YoY

◼ More content including video streaming platform and attractive features such as Movin’.

◼ ARPU in 2Q17 Rp344K (vs Rp350K in 1Q17)

◼ Fixed broadband users (incl. non-IndiHome) increased 4.7% YoY to 4.5 Mn

◼ 3G/4G-capable device users: 89.9 mn(+28.3% YoY). 29.7 mn has enjoyed 4G.

◼ Mobile data payload jumped 118.7% YoY to 827,800 TB.

◼ Added 17,538 new BTSs (all are 3G/4G). Total BTS 147K (66% 3G/4G).

◼ 4G LTE Service: 482 municipal cities across Indonesia, 18K BTS

◼ Total customers: 178.0 mn, increased13.1% YoY.

TELKOM Operational

Telkomsel Operational

Progress Indonesia Digital Network 1H17

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Maps of Indonesia Backbone Network

Fiber Optic Backbone

◼ Length: 107,961 Km ◼ Submarine 37.1K km, Terestrial: 70.8 km

SEA-ME-WE-5

20,000 km from Dumai, Indonesia - Marseille, France

SEA-US

14,400 km from Manado, Indonesia - California, USAExpected completion Q3 2017

IGG

Indonesia Global GatewayConnect SEA-ME-WE 5, SEA-US and our domestic network

TELKOM 1

TELKOM 3SLaunch Feb17

TELKOM 2 TELKOM 4Est. Launch Q3/18

TELKOM’s

Satellite

101.8K sqm Tier-II, III & IV Data Center

355.8Kwifi.id access points

146,571TSEL BTS incl. 17,837 4G BTS

Big Data & Analytics

APIFactory

Internet ofThings17.2mio

Fiber homepass

2 mioLIS Indihome Fiber

TELKOM in Introduction

1H17 Operational & Financial Results

Company Guidance 2017

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2017 Guidance

Customer Experience Digital Business Inorganic

Leading Digital

Capability to Provide

Excellent Customer

Experience

Champion of Digital

inHome, Personal,

Enterprise and

Wholesale Services

Smart Inorganic

Growth

MAIN PROGRAM

Revenue

Growth

EBITDA &

Net Income Margins CAPEX

To grow better than industry.Telco industry is expected to grow at mid to high single digit in 2017.

To slightly decline as Telkom is shifting towards digital telco company with higher proportion of revenue from digital business and lower revenue portion from legacy (voice and SMS services)

Around 23%-25% of revenue with focus onbroadband infrastructures, both mobile and fixed line

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PT Telkom Indonesia (Persero) Tbk

August 2017

Thank You