PT Tower Bersama InfrastructureTbk (TBIG) Announces Its Third Quarter 2023 Financial Performance

JAKARTA, 28 November 2023 – PT Tower Bersama Infrastructure, Tbk. ("TBIG") today released its interim financial statements for the nine months ended 30 September 2023.

Financial Highlights and Operational Indicators

During the nine months ended 30 September 2023, TBIG generated revenue and EBITDA amounting to IDR4,953 billion and IDR4,286 billion, respectively. Using the third quarter 2023 results on an annualized basis, revenue and EBITDA reached IDR6,692 billion and IDR5,770 billion, respectively.

As of 30 September 2023, TBIG had 41,572 tenants and 22,292 telecommunication sites. The Company’s telecommunication sites comprised 22,175 telecommunication towers and 117 DAS networks. With total tower tenants amounting to 41,455 on tower sites, the Company’s tenancy ratio is 1.87x.

"In the first nine months of 2023, we have added 2,260 tenancies to our existing portfolio comprising of 524 telecommunication sites and 1,736 collocations. Due to the ongoing reconfiguration of IOH’s network and the resulting non-renewal of some expiring IOH tenancies, the Group’s net tenancy adds were lower for the nine months of 2023,” remarked Hardi Wijaya Liong, CEO of TBIG.

Total gross debt as of 30 September 2023, valuing USD loans at their hedged exchange rate, was IDR27,606 billion and gross senior debt was IDR4,870 billion. Cash balances as of 30 September 2023 were IDR802 billion, resulting in net debt of IDR26,804 billion and net senior debt of IDR4,068 billion. Using the third quarter 2023 annualized EBITDA, the net debt to EBITDA ratio is 4.6x.

“We continue to strengthen and diversify our debt funding sources.  In addition to our committed Revolving Credit Facility and the IDR20 trillion Bond VI Program, we also have over IDR 5trn in onshore Bilateral IDR loans.  Our debt structure remains robust – competitively priced, fully hedged and with ample undrawn facilities,” 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