December 2015

Introduction to MDI Ventures

SEA & Indonesia Opportunity Overview

SEA Income per Capita Grows Faster than Global Average

Global Avg Indonesia Thailand Philippines Malaysia Singapore

1.5%2%

0.8%1.3%

2.3%

1.2%

2.9%3.2%

1.4%2.1%

2.7%

1.5%

6.3%5.7%

4.1%4.6%

4.1%

2%

2009-2014 2014-2019 2019-2024

Source: UBS report “ASEAN E-commerce” at 13 June 2014 / Global Demographics / Macquarie Research 2014

204m 360m

Source: Ardent Capital, Accenture

+156m

Massive SEA Internet User Growth, Indonesia Takes the Lead

2014 2020

73m 146m +74m

Internet Users 2014 - 2020

Internet in Indonesia

INTERNET PENETRATION INTERNET

USERSACTIVE SOCIAL MEDIA ACCOUNTS

88.1 MILLION (34% Penetration)

72 MILLION (31% Penetration)

MOBILE PENETRATION 95,857,646

SMARTPHONE USERS

32% MOBILE BROADBAND

SUBSCRIPTION OF TOTAL POPULATION

67M ACTIVE SOCIAL MEDIA

ACCOUNTS ACCESSING FROM MOBILE DEVICES

Source: CB Insights & KPMG 2015 Report - Global Analysis of Venture Funding

Center of Gravity is Shifting Towards Asia

0

22.5

45

67.5

90

2011 2012 2013 2014 H1 2015

North AmericaEuropeAsia

Asia % of Total

Investments in VC-backed Companies

13% 11% 13% 24% 26%

Source: CB Insights & KPMG 2015 Report - Global Analysis of Venture Funding

Asian Deals are Getting Bigger

2011 2012 2013 2014 H1 2015

Deals Investments ($B)

$15.1$20.6$6.4$4.7$6.2

608

1,143826

566445445 566826

1,143

608

Investments in VC-backed Asian Companies

$13.9m $8.3m $7.8m $18m $25mAvgDeal Size

Large Asian Rounds, SEA Starts to Catch Up

SEAMalaysia

$250m (2015)

Indonesia $100m (2014)

Indonesia ~$200m (2015)*

*estimated

India $700m (2015)

China $850m (2015)

South Korea $1b (2015)

Sources: Techinasia, e27, TechCrunch

MDI VenturesGeneral Overview

MDI : CORPORATE VENTURE CAPITAL

MDI is a corporate venture capital initiative by Telkom Indonesia. It is set as an independent entity with its own funding processes. The fund size is USD 100 million based in Jakarta with operations in Singapore and Silicon Valley.

The focus of investment is on the high growth verticals to enhance digital experience and provide excellent services that lead to an unparalleled customer experience.

MDI uniquely combines a VC model with service in providing companies with access to operational help after making a financial investment.

We work closely with global accelerators and venture firms to bring proprietary technology from other mature markets into various businesses of Telkom Indonesia.

Silicon Valley & ASEAN Focus

Largest Telco Network in Indonesia

$ 100 Mio Initial Fund Size

Reve

nue

TimeValley Of The Death

Break Even

Seed Capital

1st

2nd

3rd/Mezzanine

Venture Capitals, Strategic Alliances,Mergers & Acquisitions

Early Stage Later Stage

Angel Investors

IPO

STARTUP FINANCING STAGE

NOTABLE INVESTMENTS & ALUMNI - INDIGO

KakatuContent Security & Management App

Accepted to Google Accelerator Program Batch 1

ALUMNI

Jarvis StoreOnline Store E-Commerce Platform Received Seed funding from Gobi

Partners (undisclosed amount)

CURRENT BATCH

PowercubeCloud-Based Energy Reader for Homes &

Buildings

ApajaNavigation app for Public Transportation Systems

GoersEvent Discovery & Management App

Privy.idOpen-Source Digital ID

Platform

ZelosJob Matchmaking App for

Students

Paket.idBackend-as-a-service for

Shipping Database

SonarData Management

Platform for Social Media

50+ Mio BROADBAND DATA CUSTOMERS

200+ K CORPORATECUSTOMERS

150+ Mio MOBILECUSTOMERS

10 Countries INTERNATIONALPRESENCE

INDONESIAN MARKET ACCESS

More than 50% of mobil subscribers market share, and 200+K Corporate Customers in Indonesia, making Telkom Group as a preferred go-to market partner for startups.

SYNERGY WITH TELKOM GROUP

We lay our eyes and put our focus on building early to mid-stage companies in Southeast Asia region and worldwide.

By facilitating synergies with startups, we aim to accomplish our missions :

• Maximizing portfolio value within Telkom Group • Empowering the growth of digital entrepreneurship • Helping to build the region's startup ecosystem

*some of Telkom Business Units

PARTNERSHIP WITH MDI

Strong Indonesian Market Access

Synergies within Telkom Business

Network

Established Brand in Local Market

MDI Ventures aim to forge partnership with leading companies from various fields, combining efforts to work on the same mission: to catalyze the growth of eligible startups and launching them beyond their respective home markets.

Qualified startups will have the benefit of tapping into the resources and network of MDI's partners.