PT Tower Bersama InfrastructureTbk (“TBIG”) Announces Its Third Quarter 2024 Financial Performance

JAKARTA, 30 October 2024 – PT Tower Bersama Infrastructure, Tbk. ("TBIG") today released its interim financial statements for the nine months ended 30 September 2024.

Financial Highlights and Operational Indicators

During the nine months ended 30 September 2024, TBIG generated revenue and EBITDA amounting to IDR5,127 billion and IDR4,403 billion, respectively. Using the third quarter 2024 results on an annualized basis, revenue and EBITDA reached IDR6,850 billion and IDR5,866 billion, respectively.

As of 30 September 2024, TBIG had 42,546 tenants and 23,681 telecommunication sites. The Company’s telecommunication sites comprised 23,565 telecommunication towers and 116 DAS networks. With total tower tenants amounting to 42,430 on tower sites, the Company’s tenancy ratio is 1.80x.

"In the first nine months of 2024, we have added 1,801 tenancies to our existing portfolio comprising of 1,281 telecommunication sites and 520 collocations,” remarked Hardi Wijaya Liong, CEO of TBIG.

Total gross debt as of 30 September 2024, valuing USD loans at their hedged exchange rate, was IDR28,874 billion and gross senior debt was IDR624 billion. Cash balances as of 30 September 2024 were IDR585 billion, resulting in net debt of IDR28,289 billion and net senior debt of IDR39 billion. Using the third quarter 2024 annualized EBITDA, the net debt to EBITDA ratio is 4.8x.

“We have successfully extended the maturity of our USD 325 million Revolving Credit Facilities (“RCF”) to October 2029, lengthening the average tenor of our debt obligations. This demonstrates our lenders continued to support our business,” commented Helmy Yusman Santoso, CFO of TBIG.

TBIG 3Q2024 Results

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