PT Tower Bersama InfrastructureTbk (TBIG) Announces Its Third Quarter 2021 Financial Performance

Posted on 8th December 2021

JAKARTA, 8 December 2021 - PT Tower Bersama Infrastructure, Tbk. ("TBIG") today released its interim financial statements for the nine months period ended 30 September 2021.

Financial Highlights and Operational Indicators

During the nine months ended 30 September 2021, TBIG generated revenue and EBITDA amounting to Rp4,562 billion and Rp3,989 billion, respectively.  Using the third quarter 2021 results on an annualized basis, revenue and EBITDA reached Rp6,362 billion and Rp5,584 billion, respectively.

As of 30 September 2021, TBIG had 37,983 tenants and 20,049 telecommunication sites. The Company’s telecommunication sites comprised of 19,938 telecommunication towers and 111 DAS networks. With total tower tenants amounting to 37,872 on tower sites, the Company’s tenancy ratio is 1.90.

Hardi Wijaya Liong, CEO of TBIG, commented, " Our organic growth continues to be robust as our telecommunication operators densify their networks throughout the country. In the 3rd quarter this year, we added 801 gross organic tenancies, consisting of 347 telecommunication sites and 454 collocations.”

Total debt as of 30 September 2021, valuing USD loans at their hedged exchange rate, was Rp27,142 billion and gross senior debt was Rp11,416 billion while cash balances were Rp842 billion, resulting in net debt of Rp26,300 billion and net senior debt of Rp10,575 billion. Using the third quarter 2021 annualized EBITDA, the net senior debt (hedged rate) to EBITDA ratio is 1.9x, and net debt (hedged rate) to EBITDA ratio is 4.7x.

“We have an extremely strong debt structure -  fully hedged, diversified funding sources, and ample committed undrawn availability.   At the end of October, we priced a USD400 million senior unsecured notes at a yield of 2.80% which is the tightest spread of a non-SOE Indonesian corporate bond.  And we continue to regularly access the IDR bond market with our latest Continuous Rupiah Bond V program with a total size of up to Rp15 trillion, which is valid until August 2023.” remarked Helmy Yusman Santoso, CFO of TBIG.

 

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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