PT Tower Bersama Infrastructure Tbk (TBIG) Announces Its First Quarter 2022 Financial Performance
JAKARTA, 25 May 2022 - PT Tower Bersama Infrastructure, Tbk. ("TBIG") today released its interim financial statements for the three months ended 31 March 2022.
Financial Highlights and Operational Indicators
During the three months ended 31 March 2022, TBIG generated revenue and EBITDA amounting to IDR1,642 billion and IDR1,435 billion, respectively. Using the first quarter 2022 results on an annualized basis, revenue and EBITDA reached IDR6,566 billion and IDR5,739 billion, respectively.
As of 31 March 2022, TBIG had 39,557 tenants and 20,871 telecommunication sites. The Company’s telecommunication sites comprised 20,760 telecommunication towers and 111 DAS networks. With total tower tenants amounting to 39,446 on tower sites, the Company’s tenancy ratio is 1.90x.
"We are pleased to report another robust quarter of organic growth, adding 764 gross tenancies, consisting of 377 telecommunication sites and 387 collocations. The Group’s net tenancy adds were lower for the quarter primarily due to the one-off discontinuation of Sampoerna Telecom’s tenancies,” remarked Hardi Wijaya Liong, CEO of TBIG.
Total gross debt as of 31 March 2022, valuing USD loans at their hedged exchange rate, was IDR27,730 billion and gross senior debt was IDR4,211 billion. Cash balances as of 31 March 2022 were IDR720 billion, resulting in net debt of IDR27,010 billion and net senior debt of IDR3,491 billion. Using the first quarter 2022 annualized EBITDA, the net debt to EBITDA ratio is 4.7x.
“In March, we again accessed the IDR bond market under our Continuous Rupiah Bond V program and managed to raise a total of IDR2.2 trillion in local IDR bonds. Accessing the IDR and USD bond markets allows us to increase the proportion of our fixed-interest debt, and after the latest bond issuances, more than 85% of our debt is in fixed-interest local and foreign currency bonds, as measured at the end of the first quarter. We maintain our conservative debt structure – fully hedged, with diversified funding sources, and ample committed undrawn availability,” commented 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 Bersama Digital Infrastructure Asia.
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
