Corporate Presentation

1Q16 Results

PT Telkom Indonesia (Persero) TbkMay 2016

1

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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TELKOM in Brief

1Q16 Operational & Financial Results

Company Guidance 2016

Telkom and Subsidiaries

Government Public

52.6% 47.4%

Mobile

Business

T

Note:T : TelecommunicationIME : Information, Media & Edutainment

International

Business

Singapore Hong Kong Timor Leste

Kingdom of

Saudi Arabia

Malaysia

Myanmar

TInfrastructure

Business

TMultimedia

Business

IME

Affiliation

Telkom Group Portfolios

5

6 product portfolios with 5 Customer Facing Units (CFU)

6Product

Portfolios

5Customer

Facing Units

MobileCFU

Digital Services CFU

EnterpriseCFU

ConsumerCFU

Wholesale/ International

CFU

1

2

3

4

5

Mobile

Services

◼ Mobile Legacy◼ Mobile

Broadbandt

1Fixed

Services

2Interconnect’

& Int’l Traffic

3

Enterprise

Digital

ICT Platform

◼ Enterprise Connectivity

◼ IT Services◼ Data Center and

Cloud◼ BPO◼ Devices/Hardware

5

Consumer

Digital

6ME

I

T

Smart Enablers

◼ Payments◼ Digital Advertising◼ Big Data & Other

Smart Enablers

◼ e-Commerce◼ Video/TV◼ Mobile Digital (e.g., Games, Music)

Others◼ Property

Network

Infrastructure

4

◼ Fixed Voice◼ Fixed

Broadbandt

◼ Wholesale -Interconnection

◼ International Businest

◼ Satellites◼ Towerst

Share Ownership

6

Government 52.6% Public 47.4%Treasury Stock

2.6 Bn shares

Total Shares

100,799,996,400 shares

Market Capitalization

Rp358 Tn (USD27.2 Bn)*

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

*as of April 29, 2016

TELKOM in Brief

1Q16 Operational & Financial Results

Company Guidance 2016

1Q16 Performance Highlights

8

◼ TLKM recorded a remarkable results in 1Q16. Triple-double-digit growth in Revenue, EBITDA, and Net Income of 16.6%, 18.8%, and 20.3% YoY respectively.

◼ Telkomsel built over 7,000 new BTSs during 1Q16.

◼ Around 90% of new BTSs are 3G/4G BTS to enhance mobile broadband experience.

◼ Healthy profitability with EBITDA Margin of 53.2% and Net

Income Margin of 16.7%

◼ Data, Internet, & IT Service (exclude SMS) remained the biggest contributor with 37.4% of revenue, increased 45.1% YoY.

Strong Revenue Growth, Driven by Data Business

9

Revenue YoY(Rp Trillion)

7.1

8.5

3.4

2.01.4 1.1

10.3

8.9

4.0

1.91.3 1.1

Data, Internet & ITService (Excl. SMS)

Cellular Voice SMS Fixed Line Voice Network and OtherTelco Services

Interconnection

45.1%

5.0%

15.4%

3.8% 7.0% 4.7%

◼ 1Q15◼ 1Q16

Note: SMS included SMS Banking and SMS advertising

23.6

27.5

1Q15 1Q16

16.6%

Strong EBITDA & Net Income Growth with Healthy Margins

10

EBITDA YoY(Rp Trillion)

Net Income YoY(Rp Trillion)

12.3

14.7

1Q15 1Q16

18.8%

3.8

4.6

1Q15 1Q16

20.3%Margin

52.2% 53.2%

Margin

16.2% 16.7%

16.2

18.0

1Q15 1Q16

Increased Operating Expenses in line with Infrastructure Development

11

Expenses YoY (Rp Trillion)

6.3

5.1

2.3

1.1 0.7 1.0

7.7

4.4

3.0

0.8 0.8 0.7

O & M D & A Personnel Interconnection Marketing G & A

9.1%

22.3%

13.6%

29.5%

26.1%26.8%

◼ 1Q15◼ 1Q16

11.1%

Excellent Operational Results

12

TELKOM Operational

◼ IndiHome subs reached 1.35 Million in 1Q16

◼ Fixed broadband users (incl. non-IndiHome) increased 20.7 % YoY to 4.2 million

Telkomsel Operational

◼ Total customers: 153.6 mn, increased 8.6% YoY.

◼ 3G/4G-capable device users: 64.5 mn (+47.5%).

◼ Mobile data payload jumped 89.6% YoY to 169,845 TB.

◼ 3.1 mn customers changed to USIM to enjoy 4G LTE.

◼ Added 7,223 new BTS in 1Q16, 90% are 3G/4G BTS.

+18%

1Q16

20.2

13.3

6.9

1Q15

17.1

12.5

4.6

REVENUES

+41%

1Q16

7.2

0.7

4.1

2.4

1Q15

5.1

0.6

3.9

0.7

In Million In Thousand

YEAR-ON-YEAR ACHIEVEMENT

In Trillion

1Q16

2.3

1Q15

2.8

CAPEX

PAID

TOTAL ASSET BTS ROLL OUT BTS ON AIRIn Thousand

0.9

+22%

1Q16

110.5

49.1

57.2

4.2

1Q15

90.6

47.0

42.7

CUSTOMER In Trillion

6%Legacy

Digital

Business

4%

24%

49%

34%

5%

EBITDA NET INCOMEIn TrillionIn Trillion

Margin

58%54%

Margin

32%28%

1Q16

11.7

1Q15

9.2

1Q16

6.5

1Q15

4.9

34%27%

1Q16

93.9

1Q15

82.9

13%

1Q16

141.5153.6

1Q15

9%

In Trillion

Another triple double-digit growth in Revenues, EBITDA and Net Income

3G

2G

4G

3G

2G

4G

Telkomsel Corporate Presentation 1Q-2016

-19%

267%

394%

Telkomsel: Sustained Strong Performance

+49%

1Q16

6.9

0.6

6.3

1Q15

4.6

0.4

4.2

DIGITAL BUSINESS

REVENUEIn Million

YEAR-ON-YEAR ACHIEVEMENT

In Trillion

DATA USER

51%Digital

Services

Broadband

48%

1Q16

169.8

1Q15

89.6

DATA TRAFFIC

90%

In PB

1Q16

64.5

1Q15

43.7

3G/4G CAPABLE

DEVICE

48%

In Million

1Q161Q15

3G & 4G BTS

ROLL OUT In Thousand

3G & 4G BTS

ON AIR In Thousand

Broadband:

Telkomsel Flash

BlackBerry

Digital Services:- Digital Lifestyle

- Digital Advertising

- Digital Payment & Mobile Banking

- M2M1Q16

71.7

1Q15

63.9

12%

Engine of growth with increased contribution that already accounted 34% of Total Revenues

4G

6.5

4.1

2.44.6

3.9

0.7

3G 4%3G

4G

61.4

43.6

42.757.2

4.2

0.9

1Q161Q15

34%

Telkomsel Corporate Presentation 1Q-2016 14

267%

394%

Telkomsel: Continued to Focus on Digital Business

Progress in 1Q16

15

◼ 10 Mn fiber-based homes passed

◼ 1.35 Mn IndiHome 3P customers

◼ 82,200 km nationwide fiber-based backbone network

◼ Acquisition of GTA Teleguamstill under evaluation of US Authorities

International Business

id-Access

id-Ring

TrueBroadband

Access

NationwideBroadband

Backbone

ConvergenceDigital

Innovation

AGMS keypoints:

◼Dividend:

▪ 60% pay out (50% Regular + 10% Special).

▪ Recording date May 4, 2016.▪ Payment date May 26, 2016.

◼New CFO Mr Harry M. Zenreplacing Mr Heri Sunaryadi

◼ To launch TELKOM-3 satellite

◼ To prepare TELKOM-4 satellite.

TELKOM’s Satellite

TELKOM-3

4Q- 2016TELKOM-4

2Q-2018

TELKOM in Brief

1Q16 Operational & Financial Results

Company Guidance 2016

EBITDA &

Net Income

Margins

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

2016 Guidance

17

Revenue

Growth

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

Main Programs

Telkomsel Indonesia Digital Network International Expansion

Leading Mobile

Digital Business

Drive Digital Home

& Enterprise

Smart

International

Business Growth

CAPEX

22% to 25% of revenue with focus on broadband infrastructure • 60% - 65% for mobile-related business• +/- 25% for fixed broadband-related business• The balance for other businesses

M&A Aspiration To Enhance and increase digital business. Guidelines: 80% is digital / new wave portion of inorganic programs.

Thank YouPT Telkom Indonesia (Persero) Tbk

May 2016

Thank You