PT Tower Bersama InfrastructureTbk (TBIG) Announces Its First Half 2023 Financial Performance
JAKARTA, 31 July 2023 - PT Tower Bersama Infrastructure, Tbk. ("TBIG") today released its interim financial statements for the six months ended 30 June 2023.
Financial Highlights and Operational Indicators
During the six months ended 30 June 2023, TBIG generated revenue and EBITDA amounting to IDR3,280 billion and IDR2,844 billion, respectively. Using the second quarter 2023 results on an annualized basis, revenue and EBITDA reached IDR6,648 billion and IDR5,796 billion, respectively.
As of 30 June 2023, TBIG had 41,428 tenants and 22,136 telecommunication sites. The Company’s telecommunication sites comprised 22,026 telecommunication towers and 110 DAS networks. With total tower tenants amounting to 41,318 on tower sites, the Company’s tenancy ratio is 1.88x.
"We are pleased to report a robust six months of organic growth, adding 1,605 gross tenancies, consisting of 347 telecommunication sites and 1,258 collocations. The Group’s net tenancy adds were lower for the six months primarily due to some non-renewal of expiring tenancies by IOH as they reconfigured their network after the merger between Indosat and Hutchison 3 Indonesia,” remarked Hardi Wijaya Liong, CEO of TBIG.
Total gross debt as of 30 June 2023, valuing USD loans at their hedged exchange rate, was IDR26,914 billion and gross senior debt was IDR3,735 billion. Cash balances as of 30 June 2023 were IDR909 billion, resulting in net debt of IDR26,005 billion and net senior debt of IDR2,825 billion. Using the second quarter 2023 annualized EBITDA, the net debt to EBITDA ratio is 4.5x.
“We are pleased to announce we have raised IDR1.5 trillion from our new IDR20 trillion Bond VI Program with a competitive pricing of 5.90% for one year tenor and 6.25% for the three year tenor. We expect to continue to access the Rupiah bond market,” 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
