Indosat Ooredoo Booked Outstanding Performance in the 1st Quarter of 2021 Net Profit of Rp172 Billion, 12.6% Revenue Growth

 Jakarta, 20 May 2021 - Indosat Ooredoo (the "Company") today described the company's outstanding quarterly financial performance, ending March 31, 2021.

President Director and CEO of Indosat Ooredoo, Ahmad Al-Neama, said: “Despite the various operational challenges that are taking place due to the COVID-19 pandemic, Indosat Ooredoo has scored a satisfactory initial performance in 2021. Our growth momentum continues to build, reflected in double-digit revenue growth.  and solid EBITDA performance, as well as recorded net income.  This first quarter performance set a new benchmark for our next financial performance.

Our strategy to provide simple and relevant products, supported by our efforts to maintain network advantage, has accelerated our position in the mobile market share and a strong rebound in our corporate business.

I would like to thank our loyal customers and all our stakeholders for their support over the years, which has motivated us to produce this extraordinary result.  We continue to be committed to ensuring the connectivity and availability of digital products and services that people across Indonesia need during this difficult time and to accelerate the transformation of Indonesia into a digital nation. "

Indosat Ooredoo has recorded an outstanding financial performance in the first quarter of 2021, maintaining the growth momentum of the previous year.  Indosat Ooredoo's total revenue grew by 12.6% YoY to Rp7.3 trillion.  Cellular revenue increased by 12.5% ​​YoY to Rp6 trillion.  The enterprise business seems to have recovered in the first quarter of 2021 with an enterprise revenue growth (YoY) of 17.1% to Rp1.3 trillion.

EBITDA increased 42.5% YoY, reaching IDR3.4 trillion.  This was due to a combination of top line growth and cost efficiency which contributed to EBITDA margin growth of + 9.7pp YoY reaching 46.2% in the first quarter of 2021, the highest in the last seven quarters.  Indosat Ooredoo also posted a net profit of Rp172 billion, a rapid increase of Rp778 billion compared to the first quarter of 2020.

Indosat Ooredoo also recorded a healthy customer base with 60 million loyal customers, growing 7% YoY.  Average revenue per subscriber (ARPU) increased 11% YoY to Rp32.7 thousand, driven by significant data traffic growth, up 46% over the same period the previous year.

In the 1st quarter of 2021, Indosat Ooredoo announced the signing of a Sell and Lease Back agreement with PT EPID Menara Asset Co (“Edge Point Indonesia”) for more than 4,200 telecommunication towers.

The transaction is valued at IDR 11 trillion and will provide capital to build Indosat Ooredoo's solid growth momentum through further development of its network performance and the launch of new innovative digital solutions to enhance the customer experience.