Perusahaan Perseroan (Persero) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

November 1, 2022 3:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, and thank you for standing by. Welcome to Telkom Earnings Call 9 Months of 2022. [Operator Instructions] Please be advised that today’s conference is being recorded.

And now I’d like to hand the conference over to Mr. Ahmad Reza, SVP of Corporate Communications and Investor Relations. Thank you. Please go ahead, sir.

Ahmad Reza

Okay. Okay. Thank you, Amber. Good afternoon, ladies and gentlemen. Welcome to PT Telkom Indonesia conference call for the 9 months of 2022 results. There will be an overview from our CEO, followed by Q&A after the session.

Before we start, let me remind you that today's call and the response to questions may contain forward-looking statements within the meaning of safe harbor. Actual results could differ materially from projections or estimation and may involve risks and uncertainties that may cause actual results to be different from what we discuss today.

Ladies and gentlemen, it's my pleasure now to introduce Telkom Board of Directors who are joining us today. First is Mr. Ririek Adriansyah, as President, Director and CEO; Mr. Heri Supriadi, as Finance and Risk Management Director; Mr. Herlan Wijanarko, as Network and IT Solutions Director; Mr. Bogi Witjaksono, as Wholesale and International Service Director; Mr. Budi Setyawan Wijaya as Strategic Portfolio Director; Mr. Muhamad Fajrin Rasyid as Digital Business Director; Mr. Afriwandi as the Human Capital Management Director; and also present the Board of Director of Telkomsel, Mr. Mohamad Ramzy as Finance and Risk Management Director; and Mr. Derrick Heng as Marketing Director.

I now hand over the call to our CEO, Mr. Ririek Adriansyah, for his overview. Please welcome Pak Ririek.

Ririek Adriansyah

Thank you, Reza. Good afternoon, ladies and gentlemen. Welcome to our conference call for 9 months of 2022 results. We appreciate your participation in this call. Ladies and gentlemen, challenging macroeconomic situation after the COVID-19 pandemic easing keeps Telkom to create breakthrough and innovation to keep the overall company’s performance in line with the budget. Increasing competition in B2C telco market is anticipated by altering of FMC timeline to select the best business model that will fit both operational and financial aspect for Telkom and Telkomsel.

To foster the competitive advantage of B2B digital, IT, telco, anticipate diminishing return on B2C business. We are seriously exploring collaboration in data center and cloud business with Microsoft and Singtel as well as with world-class cloud providers. Our initiative in InfraCo will support B2B and B2C business by providing common connectivity infrastructure, both for B2B and B2C, to achieve CapEx and OpEx efficiency.