Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Q3 2024 Earnings Conference Call October 31, 2024 3:00 AM ET

Company Participants

Octavius Oky Prakarsa - VP Investor Relations
Ririek Adriansyah - President, Director and Chief Executive Officer
Heri Supriadi - Director of Finance and Risk Management
Nugroho - President Director, Telkomsel
Derrick Heng - Marketing Director, Telkomsel
Budi Setyawan Wijaya - Strategic Portfolio Director, Telkomsel

Conference Call Participants

Arthur Pineda - Citigroup
Piyush Choudhary - HSBC
Sukriti Bansal - Bank of America
Marissa Putri - UBS
Henry Peja - Mandiri Sekuritas
Ranjan Sharma - J.P. Morgan

Octavius Oky Prakarsa

Ladies and gentlemen welcome to PT Telkom Indonesia Earnings Call for the Unaudited Results of Nine Months of 2024. We’ll start with an overview from CEO and CFRO of Telkom Group followed by the Q&A session.

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

Ladies and gentlemen, it is my pleasure now to introduce Telkom's Board of Directors who are joining us today: Bapak Ririek Adriansyah as President, Director and CEO; Bapak Heri Supriadi as Finance Director and Risk Management Director; Ibu Venusiana as Enterprise and Business Service Director; Bapak Bogi Witjaksono as Wholesale and International Service Director; Bapak Budi Setyawan Wijaya as Strategic Portfolio Director; Bapak Honesti Basyir as the Group Business Development Director; Bapak Herlan Wijanarko as the Network and IT Solutions Director; Bapak Afriwandi as Human Capital Management Director.

Also present are the Board of Directors of Telkomsel, Bapak Nugroho as the President Director; Bapak Wong Soon Nam as Director of Planning and Transformations; Bapak Daru Mulyawan as Finance and Risk Management Director; Bapak Derrick Heng as the Marketing Director; Bapak Adiwinahyu Basuki Sigit as the Sales Director.

I’ll now hand over the call to our President, Director and CEO, Bapak Ririek Adriansyah, for his overview.

Ririek Adriansyah

Thank you, Oky. Good afternoon, ladies and gentlemen. Welcome to our earnings call for the unaudited nine months of 2024 results. We appreciate your participation in this call.

Ladies and gentlemen, in the past nine months, Indonesia economy has proven to be resilient. The confidence inspired through Bank Indonesia's latest monetary decision to maintain the benchmark rate of 6% to ensure inflation will remain within the target of 2.5% plus minus 1% for 2024 to 2025. Headline inflation recorded continued deflation to 1.8% year-on-year in September, compared to 2.1% year-on-year in August.