PT Tower Bersama InfrastructureTbk ("TBIG") Announces Its Third Quarter 2017 Financial Performance

Posted on 29th November 2017

JAKARTA, 29 November 2017 - PT Tower Bersama Infrastructure, Tbk. ("TBIG") today released its interim financial statements for the nine months period ended 30 September 2017.

Financial Highlights and Operational Indicators

During the nine months ended 30 September 2017, TBIG generated revenue and EBITDA amounting to Rp2,975 billion and Rp2,587 billion, respectively.  Using the third quarter 2017 results on an annualized basis, revenue and EBITDA reached Rp4,137 billion and Rp3,616 billion, respectively.

As of 30 September 2017, TBIG had 22,696 tenants and 13,318 telecommunication sites. The Company’s telecommunication sites comprised of 13,270 telecommunication towers and 48 DAS networks. With total tower tenants amounting to 22,648 on tower sites, the Company’s tenancy ratio is 1.71.

Hardi Wijaya Liong, CEO of TBIG, remarked, "During the first nine months of the year, we added 2,479 tenancies, comprising 732 sites and 1,747 collocations, to our portfolio.  This growth of more than 10% in the first nine months of the year has been ahead of our expectations. Since 2012, we have organically built approximately 7,600 new towers in unique locations.  This year, we have already seen an increase in the number of collocation tenancies. Our tenancy ratio at the beginning of the year was 1.63 and it has improved to 1.71 as of the end of September.”

Total debt as of 30 September 2017, valuing USD loans at their hedged exchange rate, was Rp18,073 billion and gross senior debt was Rp12,130 billion while cash balances were Rp208 billion, resulting in net debt of Rp17,865 billion and net senior debt of Rp11,922 billion. Using the third quarter 2017 annualized EBITDA, the net senior debt to EBITDA ratio is 3.3x, and net debt to EBITDA ratio is 4.9x.

“The strong cashflow generation of our business is driven by the visible, recurring revenue streams from our large Indonesian telco customers.  Our continued focus on operational efficiency has ensured that our margins have remained stable. Even with such robust top-line growth and the IRp665bn dividend paid earlier this year, our leverage has reduced to 4.9x.  We continue to adhere to a conservative strategy of hedging all of our debt,” commented Helmy Yusman Santoso, CFO of TBIG.

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About PT Tower Bersama Infrastructure Tbk:

PT Tower Bersama Infrastructure Tbk (“TBIG”), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Saratoga Group and Provident Capital.

For more information contact:

Corporate Secretary:

Helmy Yusman Santoso – Tower Bersama Group

Telp. (62-21) 2924 8900

Email: corporate.secretary@tower-bersama.com

Investor Relations:

Veronica Jordan

Telp. (62-21) 2924 8900

Email: veronica.jordan@tower-bersama.com

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