Info Memo - XL Axiata

Q2 2006
ROBUST REVENUE GROWTH IN Q2 2006
TABLE OF FACTS

US$/ Rp - ending rate
US$/ Rp - average rate
Penetration rate cellular (%)**
Cellular industry # subscribers (million)***
Industry growth (%)****
XL market share (%)
Total # subscribers (000)
- Prepaid
- Postpaid
ARPU average (Rp 000)
- Prepaid
- Postpaid
Capex (Rp billion)
- # BTS
Debt (Rp billion)
- Banks
- Bonds

Rp Bond (Rp 1.25 trillion)
US$ Bond (USD 350 mn & USD 250 mn)
- Floating Rate Notes (USD 70 million)
Gross Revenue (Rp billion)
- GSM telecommunication service
- GSM interconnection service
- Other telecommunication services
Cost of Service (Rp billion)
- Other GSM telecommunication charges
- Interconnection charges
- Other telecommunication services cost
Net Revenue (Rp billion)
Opex (Rp billion)
EBITDA (Rp billion)
EBITDA Margin (%)
Depreciation & Amortization (Rp billion)
EBIT (Rp billion)
Financial Charges (Rp billion)
- Net Interest
Interest expense

Interest income
- Forex Gain/ (Loss)
- Others
Income/ (Loss) Before Tax (Rp billion)
Tax (Rp billion)
Income/ (Loss) After Tax (Rp billion)

Q1-05
9,480
9,238
16
34
10
3,266
3,198
68
361
2,499
4,502
4,502

1,250
3,318
844
613
208
23
(147)
(40)
(105)
(2)
697
267
430
51
256
174
(184)
(105)
(109)
4

(75)
(4)
(9)
6
(3)

Q2-05
9,713
9,515
20
44
10
4,345
4,251
94
699
2,977
4,588
4,588
1,250

3,400
874
621
224
29
(171)
(50)
(118)
(3)
703
279
424
49
279
145
(213)
(107)
(111)
4
(94)

(12)
(68)
18
(50)

H1-05*
9,713
9,515
20
44
10
4,345
4,251
94
72
66
372
1,060
2,977
4,588

4,588
1,250
3,400
1,718
1,234
432
52
(318)
(90)
(223)
(5)
1,400
546
854
50
535
319
(397)
(212)
(220)

8
(169)
(16)
(77)
24
(53)

* Audited
** Excluding PSTN; Source: company estimate
*** Source: various published reports
****Growth Annum; Source: company estimate

Page 1 of 1

Q3-05*
10,310
9,924
22
48
70

12
5,865
5,732
133
892
3,620
4,436
148
3,566
3,609
722
972
698
245
29
(207)
(47)
(156)
(4)
765

312
453
47
298
155
(559)
(95)
(97)
2
(335)
(129)
(404)
118
(286)

Q4-05*
9,830
10,145
24
52

62
14
6,979
6,802
176
1,417
4,324
4,089
3,401
3,441
688
1,099
828
238
33
(205)
(34)
(168)
(3)
894
466
428
39
332
96
72
(72)
(83)
11
142
2
168
(53)
115

Q1-06
9,075
9,485
25
56
63
15
8,221
7,973
248
1,012
4,886
5,362
5,362
5,445
1,206
901
258
47
(235)
(52)
(178)
(5)
971
399
572
47
338
234
268
(82)
(103)
21
356
(6)
502
(147)
355

Q2-06
9,300
9,023
26
57
29
15
8,388
8,058
331
1,322
5,606
5,503
5,503
5,580
1,365
1,016
282
67
(257)
(52)
(201)
(4)
1,108
472
636
47
369
267
(247)
(92)
(103)
11
(149)
(6)
20
(16)
4

H1-06
9,300
9,023
26
57
29
15
8,388
8,058
331
48
43
222
2,335
5,606
5,503
5,503
5,580
2,571
1,918
540
113
(492)
(103)
(380)
(9)
2,079
871
1,208
47
707
501
20
(175)
(206)
32
207
(12)
521
(163)
358