Investor memo Tickers IDX : ISAT Market Capitalization IDR34.64 trillion Issued Shares 5,433,933,500 Share Price IDR6,375 Hi / Lo IDR6,750 / IDR4,800 Shareholder Structure Ooredoo Asia 65.00% Republic of Indonesia 14.29% Free Float 20.71% First Half 2016 9 August 2016 Consistently delivers solid performance, driven by data service revenue In 1H16, Indosat Ooredoo consolidated revenue grew 10.5% YoY, a double digit growth in 2 consecutive quarters, boosted by strong growth in Cellular revenue of 13.4% YoY. It was followed by EBITDA which grew 12.6% compared to the same period last year, representing 43.3% EBITDA margin (grew 0.8 ppt YoY). To reiterate 3 streams from Reborn initiative: (1) Liberating products & services; (2) A strong data network; (3) We treat our customer like a friend; have attracted more usage and drive revenue growth in all area of services. IDR to USD Conversion 1 USD = IDR13,180 Corporate and Bond Ratings Moody s : Positive Outlook : Ba1 S&P : Positive Outlook : BB+ Fitch : Stable Outlook : BBB+ AAA (idn) Pefindo : Stable Outlook idaaa Local Currency Debt idaaa(sy) Local Sukuk Ijarah Reducing USD debt exposures continues. In 1H16, the USD Debt has fallen materially from USD1,166.7 million in the same period of previous year to become USD227.5 million, representing 14% of total debt. It was 80.5% USD debt portion reduction, as Indosat Ooredoo continues the plan to reduce the impact of the currency fluctuation to the bottom line. The impact has started to be seen where Indosat Ooredoo delivered net profit of IDR428.1 billion as of 1H 2016. USD Debt (in billion IDR) Net Profit (in billion IDR) Investor Relations & Corporate Secretary PT Indosat Tbk - Indonesia Ph: +62 21 30442615 / 30003001 Fax: +62 21 30003757 E-mail: investor@indosatooredoo.com http://www.indosatooredoo.com Please refer to the important disclaimer at the back of this document Customer base significantly expanded while ARPU is growing as well. Compared to 1H 2015, Indosat Ooredoo has gained 12.0 million customers in 1H16, leading to a 17.5% YoY expansion of its subscriber base while ARPU expanded from IDR24.7k/month level to become IDR26.0k/month, a 5.3% growth YoY. Massive and measurable campaign during Ramadan and specific campaign for Ex-Java had driven strong growth in customer level and drove up ARPU. Growing number of smartphone users in the network, supporting data growth. In 1H16, 35.7 million of Indosat Ooredoo s customers, representing 44.3% of total customers, connected to data using smartphone. It drove 55.5% data revenue growth YoY. Despite voice revenue growth of 5.3% YoY, contribution of data revenue to cellular revenue has surpassed traditional telecommunication services. Data usage of 157,628 TByte in 1H16 represented 83.5% growth YoY.
FIRST HALF 2016 OPERATING AND FINANCIAL RESULTS PT Indosat Tbk ( Indosat Ooredoo or the Company ) has released its unaudited interim consolidated financial statements for the First Half 2016 ( 1H 2016 ). The unaudited consolidated financial statements have been prepared in accordance with Indonesian Financial Accounting Standards (IFAS). Unaudited Interim Consolidated Statement of Profit or Loss and Other Comprehensive Income Key Indicators YoY Quarterly (in IDR billion) 1H 2016 1H 2015 Growth % 2Q 2016 1Q 2016 Growth % Revenues 13,942.2 12,620.0 10.5 7,129.2 6,813.0 4.6 Cellular 11,590.8 10,223.6 13.4 5,914.5 5,676.3 4.2 Fixed Data (MIDI) 1,897.2 1,835.3 3.4 988.8 908.4 8.9 Fixed Telecom 454.2 561.1 (19.0) 225.9 228.3 (1.0) Expenses (12,236.8) (11,580.0) 5.7 (6,271.4) (5,965.4) 5.1 Operating Profit 1,705.4 1,040.0 64.0 857.8 847.6 1.2 Other Expenses - Net (984.9) (1,932.5) (49.0) (507.6) (477.3) 6.4 Profit (Loss) for the Period Attributable to Owners of The Parent 428.1 (733.8) 158.3 210.9 217.2 (2.9) EBITDA* 6,040.3 5,362.3 12.6 3,079.8 2,960.5 4.0 EBITDA Margin 43.3% 42.5% 0.8 ppt 43.2% 43.5% (0.3) ppt Unaudited Interim Consolidated Statement of Financial Position as of 30 June 2016 and 31 December 2015 (in IDR billion) 1H 2016 FY 2015 Change (%) Total Assets 50,039.2 55,388.5 (9.7) Total Liabilities 36,362.5 42,124.7 (13.7) Total Equity** 13,676.7 13,263.8 3.1 Total Debt 21,024.2 23,676.0 (11.2) Obligation Under Finance Lease 3,607.7 3,967.1 (9.1) Financial Ratios as of 30 June 2016 and 2015 Formula 1H 2016 1H 2015 EBITDA Margin EBITDA/Operating Revenue 43.30 42.50 Interest Coverage*** EBITDA/Interest Expense 5.57 5.51 Gross Debt to Equity Gross Debt /Total Equity 1.81 2.39 Debt to EBITDA Gross Debt / Total EBITDA 2.03 3.13 * EBITDA (earnings before interest, taxes, depreciation and amortization) is a non-gaap measure that management believes is a useful a supplemental measure of cash available prior to debt service, capital expenditures and income tax. Investors are cautioned that EBITDA should not be construed as an alternative to net income determined in accordance with GAAP as an indicator of the Company s performance or to cash flows from operations as a measure of liquidity and cash flows. EBITDA does not have a standardized meaning prescribed by GAAP. The Company s method of calculating EBITDA may differ from the methods used by other companies and, accordingly, it may not be comparable to similarly titled measures used by other companies. ** Including non-controlling interests. *** Calculated using EBITDA and interest expense for the periods ended June 30, 2016 and 2015. UNAUDITED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Revenues of IDR13,942.2 billion were recorded in 1H 2016, an increase of IDR1,322.2 billion or 10.5% compared to 1H 2015. Indosat s Cellular, Fixed Data (MIDI), and Fixed Voice businesses contributed 83%, 14%, and 3% respectively to the consolidated operating revenues for the period ended 30 June 2016. Cellular Revenues increased by 13.4% in 1H 2016, mainly attributable to increases in Data, Voice, SMS and VAS revenue, offset by decrease in Interconnection revenue. Fixed Data (MIDI) Revenues increased by 3.4% compared to 1H 2015, mainly driven by increased IT services contributed from Lintasarta. Fixed Voice (Fixed Telecom) Revenues decreased by 19.0% compared to 1H 2015, contributed by lower incoming traffic and appreciation of IDR rate to USD. Expenses of IDR12,236.8 billion were recorded for 1H 2016, an increase of IDR656.8 billion or 5.7% over 1H 2015. This increase mainly contributed by Depreciation and Amortization, Marketing expense, Cost of Service, and Personnel expense. Cost of Telecommunication Services: increased by IDR340.4 billion or 6.3% compared to 1H 2015 mainly as a result of increase in frequency fees, maintenance, cost of SIM cards, installation cost and rent, offset by 2
decrease in utilities, BlackBerry license fee and interconnection expenses which is in line with lower interconnection revenues. Depreciation and Amortization: increased by IDR280.7 billion or 6.7% over 1H 2015, due to additional asset recognition from network modernization deployment. Personnel Expenses: increased by IDR148.9 billion or 16.5% over 1H 2015 mainly owing to higher headcount. Marketing Expenses: increased by IDR177.9 billion or 36.6% over 1H 2015, primarily from marketing activities related with rebranding and intense offering in Data. General and Administration expenses: decreased by IDR22.8 billion or 4.5% lower over 1H 2015 mainly owing to lower professional fees. Other Expense - net: Indosat recorded expense of IDR984.9 billion, decreased by IDR947.6 billion or 49.0% lower over expense recorded in 1H 2015 driven primarily by higher gain on foreign exchange - net and lower financing cost. Gain (Loss) on Foreign Exchange - net: Indosat recorded a net foreign exchange gain in 1H 2016 of IDR349.5 billion compared to a net foreign exchange loss of IDR905.3 billion in 1H 2015 as a result of IDR appreciation against USD in 1H 2016 compared to IDR depreciation against USD in 1H 2015 over respective previous year end. Financing Costs: decreased by IDR144.6 billion or 11.3% lower over 1H 2015 in line with lower debt as part of the Company s strategy. Interest Income: decreased by IDR54.0 billion or 49.3% lower over 1H 2015 as a result of lower USD denominated time deposits in respective period. Gain (Loss) on Change in Fair Value of Derivatives - net: Indosat recorded loss, decreased by IDR397.8 billion over gain recorded in 1H 2015 as the impact of lower derivative contract rate in the end of 1H 2016 compared to book closing rate. Profit (Loss) for the Period Attributable to Owners of the Parent: Indosat recorded profit of IDR428.1 billion, increased by 158.3% over loss recorded in 1H 2015 caused primarily by healthy operating income and lower financing cost of 11.3%. Unaudited Interim Consolidated Statement of Financial Position Key Indicators (in IDR billion) 1H 2016 FY 2015 Growth % Total Assets 50,039.2 55,388.5 (9.7) Total Liabilities 36,362.5 42,124.7 (13.7) Total Equity 13,676.7 13,263.8 3.1 Current assets decreased by 23.4% to IDR7,600.8 billion, mainly resulting from decrease in cash and cash equivalent, prepaid taxes and prepaid expenses. Non-current assets decreased by 6.7% to IDR42,438.4 billion, mainly resulting from decrease in fixed assets due to depreciation. Current liabilities decreased by 2.6% to IDR19,531.2 billion mainly due to lower procurement payable. Non-current liabilities decreased by 23.7% to IDR16,831.3 billion mainly due to lower long term debt payable. Cash Flow and Capital Expenditure Key Indicators (in IDR billion) 1H 2016 1H 2015 Growth % Net Cash Provided by Operating Activities 5,045.8 4,569.7 10.4 Net Cash Used in Investing Activities (3,706.1) (2,778.1) 33.4 Net Cash Provided (Used) in Financing Activities (2,710.3) 3,978.4 (168.1) Net Foreign Exchange Differences from Cash and Cash Equivalents (0.4) 170.8 (100.3) Net Increase (Decrease) in Cash and Cash Equivalents (1,371.0) 5,940.8 (123.1) CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 3,623.3 3,480.0 4.1 CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 2,252.3 9,420.8 (76.1) Net Cash Provided by Operating Activities increased by 10.4% mainly due to higher revenue. Net Cash Used in Investing Activities increased by 33.4% mainly due to higher payments for acquisition of fixed asset. Net Cash Used in Financing Activities decreased by 168.1% in line with lower proceeds of loans and bonds. 3
Net Foreign Exchange Differences from Cash and Cash Equivalents decreased by 100.3% due to appreciation of the IDR on Cash and Cash Equivalents. Net change in Cash and Cash Equivalents decreased by 123.1% mainly due to higher payments for acquisition of fixed assets, repayments of debts and payment of obligation under finance lease. Cash-out CAPEX in 1H 2016 amounted to IDR3,780.5 billion, an increase of 35.7% over 1H 2015. Of this amount, approximately 71.2% was allocated to cellular, mainly to support data services demand. The remaining balance was allocated to fixed voice, fixed data (MIDI), infrastructure and IT Capex. STATUS OF DEBT, Indosat s total debt decreased by 25.7% compared to 30 June 2015. Debt repayments during the period were for SEK Loan Tranche A, B & C installments of USD45.0 million, HSBC Coface and Sinosure installments of USD20.1 million, 9-Year Commercial Loan installment from HSBC of USD4.1 million, early redemption of GN 2020 of USD 650 million, RCF BTMU Facility of USD50.0 million, RCF CITI Facility of USD40.0 million, RCF Mizuho Facility of USD60.0 million, RCF DBS Facility of USD30.0 million, RCF HSBC Facility of USD140.0 million, Indosat Bond I Phase II Seri A settlement of IDR554.0 billion, Shelf Registration Indosat Sukuk Ijarah I Phase II Seri A settlement of IDR55.0 billion, BCA Investment credit facility of IDR100.0 billion and settlement of loans from non-controlling interest of APE of IDR15.75 billion. Debt issuance during the period were RCF BCA Facility drawdown of IDR2,500,0 billion, RCF BNI Facility drawdown of IDR425.0 billion, RCF BTMU Facility drawdown of IDR250.0 billion, RCF BNPP Facility drawdown of IDR350.0 billion, RCF IIF/SMI Facility drawdown of IDR750.0 billion, RCF BSMI Facility drawdown of IDR170.0 billion, RCF SMI Facility drawdown of IDR100.0 billion, RCF CITI Facility drawdown of IDR530.0 billion, Indosat Bond I Phase III issuance of IDR794.0 trillion, Indosat Sukuk Ijarah I Phase III issuance of IDR106.0 billion, and USD RCF ANZ of USD100.0 million. Total outstanding debt: As at 30 June 2016, the Company had total outstanding debts (net of unamortized debt issuance cost and consent solicitation fees) including obligation under financial lease of IDR24,631.9 billion. The Company has foreign exchange forward swaps covering USD160.0 million or 70.3% of the Company s USD denominated loans. The Company s cash position as at 30 June 2016 stood at IDR2,252.3 billion and net debt at IDR22,379.6 billion. The composition of Indosat debt is as follows: Debt Proportion (Principal amount) 1H 2016 1H 2015 Growth % IDR Loans (billion) 7,051.0 2,091.5 237.1 USD Loans (million) 227.5 516.7 (56.0) IDR Bonds (billion) 11,033.0 10,742.0 2.7 USD Bonds (million) - 650.0 (100.0) Total maturing debt: in the next twelve months, the Company has debts of IDR7.092.0 billion and USD172.9 million coming to maturity. The average tenor of debt is 2.82 years as at 30 June 2016. OPERATIONAL RESULTS Cellular Key Indicators YoY Quarterly 1H 2016 1H 2015 Growth % 2Q 2016 1Q 2016 Growth % Customers - Postpaid (million) 0.8 0.8 (2.2) 0.8 0.8 4.4 Customers - Prepaid (million) 79.7 67.7 17.7 79.7 69.0 15.4 Customers - Total (million) 80.5 68.5 17.5 80.5 69.8 15.3 ARPU (Postpaid) (IDR thousand) 149.9 128.1 17.0 150.2 149.6 0.4 ARPU (Prepaid) (IDR thousand) 24.4 23.1 5.7 24.0 24.8 (3.2) ARPU (Blended) (IDR thousand) 26.0 24.7 5.3 25.5 26.4 (3.4) MoU 70.2 67.4 4.2 71.4 68.9 3.5 ARPM 131.1 142.5 (8.0) 125.5 136.7 (8.2) The Company ended 1H 2016 with a cellular customer base of 80.5 million, an increase of 17.5% or 12.0 million customers over 1H 2015. Average Revenue Per User (ARPU) for cellular customers in 1H 2016 stood at IDR26.0 thousand, increased 5.3% over the same period last year. Average Minutes of Usage (MOU) per customer increased to 70.2 minutes, an increase of 4.2% compared to 1H 2015. 4
Average Revenue Per Minute (ARPM) decreased to IDR131.1 representing a decrease of 8.0% compared to 1H 2015. Fixed Data (MIDI) Key Indicators Unit 1H 2016 1H 2015 Growth % Indosat (Fixed Internet) International IP Transit (International IPT) Mbps 38,934.0 24,021.3 62.1 Dedicated Internet (IDIA) Mbps 8,443.1 4,446.1 89.9 Dedicated Internet (IDIA) - Flexi Mbps 1,530.0 887.0 72.5 Domestic IP Transit (Domestic IPT) Mbps 16,610.0 7,385.0 124.9 Indosat (Fixed Connectivity) International Leased Circuit (IWL) Mbps 15,605.3 3,829.0 307.6 Domestic Leased Circuit (INL) Mbps 29,811.3 10,509.8 183.7 Domestic Ethernet Link (MPLS) Mbps 176,259.0 73,724.4 139.1 International Ethernet Link (MPLS) Mbps 20,890.3 29,594.3 (29.4) Domestic IPVPN Link (IPVPN Link) Mbps 5,291.4 3,648.4 45.0 International IPVPN Link (IPVPN Link) Mbps 5.0 1.5 233.3 Lintasarta High Speed Leased Line 64Kbps 768,126 582,399 31.9 Frame Relay 64Kbps 7,022 8,400 (16.4) VSAT 64Kbps 15,300 14,135 8.2 IPVPN 64Kbps 212,281 147,851 43.6 IM2 Internet Dial Up User 3,850 3,572 7.8 Internet Dedicated Link 970 720 34.7 IPVPN Link 302 348 (13.2) Significant growth of Fixed Internet revenue (58.0% YoY) is due to wider internet penetration in Indonesia and lower internet bandwidth per Mbps price. Growth of Fixed Connectivity contributed by backbone level subscription from both domestic and international operator for channeling its domestic and international traffic, while declining at access level due to substitution products of Ethernet and some mapping correction to International Leased Circuit. MARKETING ACTIVITIES Cellular IM3 Ooredoo Freedom Basic Starter Pack Launched on 11 April 2016, this new IM3 Ooredoo starter pack offers bonuses free unlimited internet and unlimited voice & SMS, valid for 24 hours, available in Java, Bali Island, Lampung Province, Baturaja & Papua. This Bonuses will be re-awarded for subscriber at their first time reload. Ramadhan Unlimited Launched on 25 May 2016, this is a special program welcoming holy month Ramadhan, which offers freedom of silaturahmi without worry of expensive price. Starting with only a thousand Rupiah, subscriber will get benefits of internet, voice and SMS, valid for 24 hours. IM3 Ooredoo and Mentari subscribers can get this package via UMB *123*88#, or using MyCare application, Website, and via twittbuy as well. Freedom Combo 2.0 Package Launched on 26 May 2016, this package is an update for previous Freedom Combo with bigger 4G quota bonus, yet with the same price. Unlimited free voice and SMS to Indosat Ooredoo remains, valid for 24 hours. Free 50K credit for mycare registration Launched on 20 June 2016, this program gives Rp50,000 credit every day for the first 50 subscribers registered on MyCare application. MyCare is a selfcare application for Indosat Ooredoo subscriber. MyCare is available for prepaid (Mentari Ooredoo and IM3 Ooredoo) and postpaid (Matrix Ooredoo) subscriber. For prepaid subscriber, MyCare serves menus for credit check, internet quota check, balance reload and internet and Blackberry packages purchase. NETWORKS The Company operated 53,333 BTSs as of 30 June 2016, including 4G BTSs or added 10,258 BTSs compared to the same period in previous year. To date, The Company operates 3,724 sites for 4G network in 40 main cities in Indonesia. 5
Significant CAPEX investments focused on network modernization and data readiness, coverage, and capacity expansion to support ongoing growth. Key Indicators YoY 1H 2016 1H 2015 Additional Base Transceiver Stations (BTS) 2G 23,793 22,902 891 3G 25,816 20,067 5,749 4G 3,724 106 3,618 Base Station Controllers (BSC) 435 428 7 Mobile Switching Centers (MSC) 51 54 (3) About Indosat Indosat Ooredoo (IDX:ISAT), member of Ooredoo Group, is building Indonesia s leading digital telco, enabling access and greater connectivity for everybody and every business. Focusing on human growth, Indosat Ooredoo aspires to enrich the lives of Indonesians in the digital world and proactively offer solutions to fulfill their needs. The company reported 80.5 million mobile customers as of 1H 2016 and has recorded an increase of 83.5% in data usage compared to the same period last year. Supported by more than 4,000 employees, Indosat Ooredoo has recorded an increase revenue of 10.5% compared to the same period last year. Indosat Ooredoo was recognised in the Most Innovative Company of the Year category in the 2015 Asia Pacific Stevie Awards. 6
APPENDICES UNAUDITED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For The Periods Ended 30 June 2016 and 2015 (Expressed in Billions of Rupiah and Millions of U.S. Dollar) Description Periods Ended 30 June 2016 2015 IDR USD (1) IDR Growth (2) (%) REVENUES Cellular 11,590.8 879.4 10,223.6 13.4 Multimedia, Data Communication, Internet (MIDI) 1,897.2 143.9 1,835.3 3.4 Fixed Telecommunications 454.2 34.5 561.1 (19.0) TOTAL REVENUES 13,942.2 1,057.8 12,620.0 10.5 (EXPENSES) INCOME Cost of Telecommunication Services (5,706.3) (432.9) (5,365.9) 6.3 Depreciation and Amortization (4,450.1) (337.6) (4,169.4) 6.7 Personnel (1,050.4) (79.7) (901.5) 16.5 Marketing (664.2) (50.4) (486.3) 36.6 General and Administration (481.1) (36.5) (503.9) (4.5) Amortization of Deferred Gain on Sale and Leaseback of Towers 70.5 5.3 70.5 0.0 Gain (Loss) on Foreign Exchange - net 27.1 2.1 (91.2) 129.7 Others - net 17.7 1.3 (132.3) 113.3 TOTAL EXPENSES (12,236.8) (928.4) (11,580.0) 5.7 OPERATING PROFIT 1,705.4 129.4 1,040.0 64.0 Gain (Loss) on Foreign Exchange - net 349.5 26.5 (905.3) 138.6 Interest Income 55.5 4.2 109.5 (49.3) Financing Cost (1,139.3) (86.5) (1,283.9) (11.3) Gain (Loss) on Change in Fair Value of Derivatives - net (250.6) (19.0) 147.2 (270.2) OTHER EXPENSES - Net (984.9) (74.8) (1,932.5) (49.0) PROFIT (LOSS) BEFORE INCOME TAX 720.5 54.6 (892.5) 180.7 INCOME TAX BENEFIT (EXPENSE) (219.3) (16.6) 226.0 (197.0) PROFIT (LOSS) FOR THE PERIOD 501.2 38.0 (666.5) 175.2 PROFIT (LOSS) FOR THE PERIOD ATTRIBUTABLE TO : OWNERS OF THE PARENT 428.1 32.5 (733.8) 158.3 NON-CONTROLLING INTERESTS 73.1 5.5 67.3 8.7 TOTAL 501.2 38.0 (666.5) 175.2 1) Translated into U.S. dollars using IDR13,180 to USD1 (in full amounts) as the prevailing exchange rate as of the balance sheet date 2) Percentage changes may vary due to rounding. 7
UNAUDITED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Expressed in Billions of Rupiah and Millions of US Dollar) Description 30 June 2016 31 December 2015 Growth (2) IDR USD (1) IDR (%) ASSETS Current Assets 7,600.8 576.7 9,918.7 (23.4) Non-Current Assets 42,438.4 3,219.9 45,469.8 (6.7) TOTAL ASSETS 50,039.2 3,796.6 55,388.5 (9.7) LIABILITIES Current Liabilities 19,531.2 1,481.9 20,052.6 (2.6) Non-Current Liabilities 16,831.3 1,277.0 22,072.1 (23.7) TOTAL LIABILITIES 36,362.5 2,758.9 42,124.7 (13.7) TOTAL EQUITY 13,676.7 1,037.7 13,263.8 3.1 TOTAL LIABILITIES & EQUITY 50,039.2 3,796.6 55,388.5 (9.6) 1) Translated into U.S. dollars using IDR13,180 to USD1 (in full amounts) as the prevailing exchange rate as of the balance sheet date 2) Percentage changes may vary due to rounding. UNAUDITED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS For The Six-months Periods Ended 30 June 2016 and 2015 (Expressed in Billions of Rupiah and Millions of U.S. Dollar) Description 2016 2015 IDR USD (1) IDR Net Cash Provided by Operating Activities 5,045.8 382.8 4,569.7 Net Cash Used in Investing Activities (3,706.1) (281.2) (2,778.1) Net Cash Provided (Used) in Financing Activities (2,710.3) (205.6) 3,978.4 Net Foreign Exchange Differences from Cash and Cash Equivalents (0.4) (0.0) 170.8 Net Increase (Decrease) in Cash and Cash Equivalents (1,371.0) (104.0) 5,940.8 CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 3,623.3 274.9 3,480.0 CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 2,252.3 170.9 9,420.8 1) Translated into U.S. dollars using IDR13,180 to USD1 (in full amounts) as the prevailing exchange rate as of the balance sheet date STATUS OF DEBT Facility Amount Maturity Interest IDR Bond (IDR Billion) Bond V 1,370 2017 Series B Fixed 10.65% p.a. Bond VII Bond VIII Indosat Bond I Phase I Indosat Bond I Phase II Indosat Bond I Phase III Sharia Bond (IDR Billion) 600 2016 Series B Fixed 11.75% p.a. 2,700 2019 & 2022 Series A Fixed 8.625% p.a. and Series B Fixed 8.875% p.a. 2,310 2,130 794 2017, 2019, 2021 & 2024 2018, 2020, 2022 & 2025 2018, 2020, 2022 & 2025 Sukuk Ijarah IV 172 2016 8 Series A Fixed 10.00% p.a., Series B Fixed 10.30% p.a., Series C Fixed 10.50% p.a. and Series D Fixed 10.70% p.a. Series B Fixed 9.25% p.a, Series C Fixed 10.00% p.a, Series D Fixed 10.25% p.a and Series E Fixed 10.40% Series A Fixed 10.00% p.a, Series B Fixed 10.25% p.a, Series C Fixed 10.60% p.a and Series D Fixed 11.20% p.a Fixed Ijarah Return amounting to IDR 5.05 for Series B payable on a quarterly basis Sukuk Ijarah V 300 2019 Fixed Ijarah Return amounting to IDR 6.47 payable on a quarterly basis 2017, 2019 & Fixed Ijarah Return amounting to IDR1.60, IDR0.412, and 190 Indosat Sukuk Ijarah I 2021 IDR2.89 for Series A, B and C payable on a quarterly basis
Phase I Facility Amount Maturity Interest Indosat Sukuk Ijarah I Phase II Indosat Sukuk Ijarah I Phase III 361 106 2018, 2020, 2022 & 2025 2022 & 2025 Fixed Ijarah Return amounting to IDR1.76, IDR1.68, IDR1.10 and IDR4.55 for Series B,C D and E payable on a quarterly basis Fixed Ijarah Return amounting to IDR1,72 and IDR1,15 for Series A and B payable on a quarterly basis IDR Loan (IDR Billion) RCF - BCA 2,500 2017 & 2018 Floating rate 1 month JIBOR + 2.25% p.a. RCF - BSMI 820 2016 & 2017 Floating rate 1 month JIBOR + 2.25% p.a. RCF - BNI 700 2016 Floating rate 1 month JIBOR + 2.25% p.a. and 1 month JIBOR + 2.00% p.a. RCF - IIF/SMI 750 2016 Floating rate 3 month JIBOR + 2.25% p.a. RCF - Mizuho 250 2016 Floating rate 1 month JIBOR + 2.25% p.a. RCF - BTMU 250 2016 Floating rate 1 month JIBOR + 2.25% p.a. RCF - BNPP RCF - SMI RCF - Citibank BCA - Investment Credit Facility 350 100 530 800 2017 2017 2017 2018 Floating rate 1 month JIBOR + 2.25% p.a. Floating rate 3 month JIBOR + 2.45% p.a. Floating rate 1 month JIBOR + 2.00% p.a. Fixed 10.00% p.a. Loans from non-controlling interest of LMD*** 1.05 2018 Fixed 2.00% p.a. USD Loan (USD Million) HSBC France - Coface 55.0 2019 Fixed 5.69% p.a. HSBC France - Sinosure 15.5 2019 Floating Rate based on 6m US LIBOR + 0.35% p.a.* 9 Year Commercial Facility SEK Loan 35.0 2017 2.0 2016 Floating Rate based on 6m US LIBOR + 1.45% p.a.** Fixed rate 4.26% p.a. over USD22.14; Fixed rate 4.24% p.a. over USD12.86 RCF - DBS 20.00 2017 Floating Rate based on 1m US LIBOR + 0.90% p.a RCF - ANZ 100.00 2017 Floating Rate based on 1m US LIBOR + 1.05% p.a**** * Swapped to Fixed Rate at 4.82% p.a. ** Swapped to Fixed Rate at 5.42% p.a. *** LMD (PT Lintas Media Danawa) are indirect subsidiary of the Company through PT Aplikanusa Lintasarta ( Lintasarta ) **** Libor 1M swapped to Fixed Rate 0.73% p.a. DEBT MATURITIES WITHIN THE NEXT TWELVE MONTHS (FULL AMOUNTS) Maturity 3Q 2016 4Q 2016 1Q 2017 2Q 2017 Facility SEK Loan Tranche B Inst. HSBC France - Coface HSBC France - Sinosure Inst. RCF - BNI 9 Year Commercial Inst. SEK Loan Tranche C Inst. RCF IIF & SMI Investment Credit BCA Indosat VII B Syariah Ijarah IV B RCF - Mizuho RCF - BSMI RCF - BTMU SEK Loan Tranche B Inst. HSBC France - Coface HSBC France - Sinosure Inst. RCF - BCA RCF - Citibank RCF - ANZ RCF - DBS SEK Loan Tranche C Inst. RCF - BSMI Indosat V B Amount USD 11,071,429 7,859,335 2,210,000 2,027,775 4,285,714 11,071,429 7,859,335 2,210,000 100,000,000 20,000,000 4,285,714 IDR 700,000,000,000 750,000,000,000 150,000,000,000 600,000,000,000 172,000,000,000 250,000,000,000 550,000,000,000 250,000,000,000 1,500,000,000,000 530,000,000,000 270,000,000,000 1,370,000,000,000 9
This document contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of Indosat, that are not statements of historical fact which would be treated as forward looking statements within the meaning of applicable law. Forward looking statements are subject to risks and uncertainties that may cause actual events and Indosat's future results to be materially different than expected or indicated by such statements. No assurance can be given that the results anticipated by Indosat, or indicated by any such forward looking statements, will be achieved. The financial information provided herein is based on Indosat s consolidated financial statements in accordance with Indonesian Financial Accounting Standards. 10