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PT Solusi Sinergi Digital Tbk · IDX: WIFI Public Expose Live 2026 Indonesia's affordable broadband champion — Two engines, one national backbone Building the connectivity fabric for Indonesia's AI decade Monday, September 7, 2026 Public Expose Live 2026 · Public Expose Participation This document contains forward-looking statements. 1H26 figures are unaudited.
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AGENDA
Four topics for today
Company performance update & strategic direction
1H26 financial highlights, the twin growth-engine business model, and competitive positioning 1
Network expansion progress — IRA (5G FWA) & Starlite (FTTH)
Site & home-pass deployment, subscriber growth and the community acquisition engine 2
Outlook & corporate plans ahead
Upcoming catalysts and Roadmap towards Connected Intelligence 3
Live Q&A with the Board of Directors
Open discussion with SURGE’s Board of Directors 4
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 2
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SECTION 01
Company Performance Update & Strategic
Direction
Triple-digit growth with profitability — powered by two mutually reinforcing growth engines:
IRA (5G FWA) and Starlite (FTTH).
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 3
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FINANCIAL HIGHLIGHTS — 1H 2026 (UNAUDITED)
Triple-digit growth, delivered with conservative leverage
Rp1.57Tn +206% YoY Rp948.9Bn +117% Rp496.8Bn +118% 2.3M +518% YoY
YoY YoY
Revenue · ≈US$96M EBITDA · ≈US$58M Net profit · ≈US$30M Broadband subscribers
Telecommunications Rp1.28Tn (≈US$78M), 60.4% margin held through the most intensive Profitable through the scale-up; parent NPAT FTTH 1.85M (+377%) + FWA 513K in its first full
+357% YoY — now 82% of the mix expansion phase to date +45% YoY quarter · FTTH churn <0.1%/month
Recurring connectivity now dominates the mix Well-capitalised through the investment phase
• 82% of revenue is telecommunications, up from ~55% a year ago — subscription revenue that
Rp8.29Tn 0.85x 3.5x
compounds with every connected home cash & equivalents (≈US$506M) net debt / EBITDA EBITDA / interest
• 2Q26 momentum: telco revenue +17% QoQ, EBITDA +13% QoQ — the engine that matters is
accelerating
• ~Rp5.0Tn (≈US$305M) of bonds & sukuk raised in 1H26, plus a Rp1.7Tn (≈US$104M)
• Five-product ladder from Rp100K (≈US$6) to Rp250K (≈US$15) to migrate subscribers up syndicated loan tranche signed and drawn
• FTTH churn <0.1%/month — largely first-time broadband users at a price point with no
• WEAVE's debut JPY21.4bn (~Rp2.4Tn / ≈US$146M) Samurai Bond, Jul 2026 — rated
comparable alternative to churn to; exits are driven mainly by relocations
investment-grade BBB+ by JCR; the group's first international issuance
Source: 1H 2026 analyst & investor call, 5 Aug 2026. Figures unaudited, as at or for the six months ended June 30, 2026; net debt / EBITDA on annualised EBITDA. USD equivalents indicative, at Rp16,400/USD.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 4
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FINANCIAL STATEMENTS — 1H 2026 SUMMARY (UNAUDITED)
Income statement, balance sheet and cash flow at a glance
Rp1.57Tn Rp948.9Bn Rp496.8Bn Rp20.9Tn
REVENUE EBITDA NET PROFIT TOTAL ASSETS
+206% YoY · ≈US$96M 60.4% margin · +117% YoY 31.6% margin · +118% YoY as at June 30, 2026
1 Income statement 2 Balance sheet 3 Cash flow & capex
Recurring revenue drives profit Liquidity through the build-out Investing ahead of the curve
Cash & equivalents Rp8.29Tn; interest-bearing 1H26 capex realization >Rp1Tn, directed to FWA
Telecommunications revenue Rp1.28Tn (+357%
debt Rp9.8Tn; total equity Rp9Tn; net debt / sites, FTTH home passes and CPE for the 2026 build
YoY), now 82% of the mix; gross profit Rp832Bn;
EBITDA 0.85x; EBITDA / interest cover 3.5x. program.
operating profit Rp698Bn; parent NPAT +45% YoY.
Per the unaudited interim financial statements as at / for the six months ended June 30, 2026.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 5
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GROUP STRUCTURE — THE DUAL-ENGINE MODEL
Two companies, two technologies, one mission
PT Solusi Sinergi Digital Tbk (SURGE) IDX: WIFI
PT Telemedia Komunikasi Pratama (“TKP”) PT Integrasi Jaringan Ekosistem (“WEAVE”)
99.9% owned · 5G FWA operating subsidiary 51% SURGE · 49% NTT East · FTTH operating subsidiary
THE BREAK-IN ENGINE IRA — 5G FWA THE DEPTH ENGINE Starlite — FTTH
Attacks the 36M-home coverage gap — wireless reaches unpassed homes in weeks, not
Attacks the 22.8M-home usage gap — Rp100k fiber converts homes passed but priced out
years
• World's first commercial 5G FWA on 1.4 GHz — live since Feb 2026, validated by • Owns the 8,000+ km railway fiber backbone — backhaul for both engines; outdoor OLTs
Komdigi's operational feasibility test (ULO) serve every household beyond FWA capacity
• Sites live in days/weeks — no per-home civil works; up to 250–300 users per rooftop 1- • GPON + XGS-PON: 200 Mbps at Rp100k up to 2 Gbps Wi-Fi 7 at Rp250k; NTT East embeds
sector site world-class FTTH build & O&M standards
• Rp100k/month, up to 100 Mbps, unlimited — with potential 50,000+ ready-to-use • Internationally rated: debut JPY21.4bn Samurai Bond (Jul 2026), investment-grade BBB+
rooftop locations in Region 1; 513K subscribers as at June 30, 2026 from Japan Credit Rating Agency (JCR)
Built-in synergy: TKP leases transport from WEAVE's backbone — every rupiah of backhaul spend stays inside the group, and IRA's growth lifts backbone utilization.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 6
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PRODUCT PORTFOLIO
Five products, one deliberate ladder
IRA Starlite Starlite Prime Starlite Combo Starlite Super
5G FWA FTTH FTTH FTTH + FWA FTTH · Wi-Fi 7
100 Mbps 200 Mbps 500 Mbps Prime + IRA 2 Gbps
Rp100K /mo ≈US$6 Rp100K /mo ≈US$6 Rp168K /mo ≈US$10 Rp200K /mo ≈US$12 Rp250K /mo ≈US$15
Rp1,000/Mbps · ≈US¢6.1 Rp500/Mbps · ≈US¢3.0 Rp336/Mbps · ≈US¢2.0 Rp333/Mbps¹ · ≈US¢2.0 Rp125/Mbps · ≈US¢0.8
Affordable entry for value-seeking Low-end fiber tier for price- Core fiber tier for bandwidth-hungry Fiber at home plus a wireless line — Flagship for power users, smart
and non-fiber households sensitive, fiber-passed areas households 25% below buying separately homes and prosumers
Declining price per Mbps at every rung — Rp1,000 → Rp500 → Rp336 → Rp333 → Rp125 (≈US¢6.1 → 3.0 → 2.0 → 2.0 → 0.8): premiumization feels earned at each step, and the flagship is
also the best unit value. Prime and Super are live in market with national campaigns.
Why this matters for investors: Customers upgrade inside the SURGE portfolio instead of churning to competitors.
¹ Combo per-Mbps on aggregate 600 Mbps (500 fiber + 100 FWA). Price bands: Rp100K ≈US$6 (split by footprint/technology) · Rp168K ≈$10 · Rp200K ≈$12 · Rp250K ≈$15. USD indicative, at Rp16,400/USD.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 7
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THIRD-PARTY VALIDATION — OOKLA SPEEDTEST INTELLIGENCE
Measured, not claimed: Starlite delivers Indonesia's fastest real-world
experience
Median user download by ISP and in-home Wi-Fi generation — real-user results, Dec 2025 What the measurements say
192.3 · 67% of tests
Starlite (SURGE · FTTH)
37.2 · 27% of tests
#1 in both Wi-Fi generations
Starlite’s Wi-Fi 5+ users measure 192 Mbps median — the fastest cohort in
190.5 · 56% of tests
MyRepublic the peer set — and even its Wi-Fi 4 cohort (37 Mbps) tops every rival’s.
34.5 · 41% of tests Blended: 168 Mbps, 1.8x the next-best fiber player.
104.3 · 41% of tests
IRA / Mytelemedia (SURGE · 5G FWA)
32.8 · 56% of tests Wireless that beats fiber
79.7 · 46% of tests IRA’s (“Mytelemedia”) Wi-Fi 5+ users measure 104 Mbps — above the
Biznet
33.1 · 43% of tests product’s rated 100 Mbps — and its blended 73 Mbps beats Biznet, XL,
IndiHome and Iconnet on their own metric.
79.2 · 58% of tests
XL
31.8 · 39% of tests
The Wi-Fi 4 ceiling
73.5 · 34% of tests
SpaceX Starlink
11.9 · 55% of tests Across every ISP, Wi-Fi 4 CPE caps users at ~12–37 Mbps regardless of
network speed — the last bottleneck is in-home. 67% of Starlite users
60.4 · 34% of tests already test on Wi-Fi 5+ (Iconnet: ~22%), and Super ships Wi-Fi 7.
Telkomsel IndiHome
26.4 · 62% of tests
— insufficient Wi-Fi 5 sample Cheapest AND fastest
Iconnet
17.5 · 78% of tests
The two Rp100K (≈US$6) products deliver top-tier measured UX — price
Mbps — median user download per CPE generation Wi-Fi 5+ Wi-Fi 4 leadership without an experience compromise, verified by a third party.
Source: Ookla Speedtest Intelligence — Speed Index, December 2025; median average user download per ISP, split by in-home CPE Wi-Fi generation (share of tests shown). “Mytelemedia” is the Ookla ISP name for PT Telemedia Komunikasi Pratama (IRA). Speedtest® results reflect real-
user measurements incl. in-home Wi-Fi.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 8
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SECTION 02
Network Expansion Progress —
IRA (5G FWA) & Starlite (FTTH)
From 1,500+ FWA sites on-air toward 5,500 — plus the fiber depth engine building toward 3.5M home passes.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 9
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DEPLOYMENT PROGRESS
1,500+ FWA sites on-air as of August 31, 2026
1,500+ +400 8 6
SITES ON-AIR ADDED SINCE JULY 24 PROVINCES ON-AIR RAN PARTNERS
as of August 31, 2026 from 1,104 five weeks ago Java, Maluku & Papua multi-vendor build
On-air FWA sites (green) across Java — dense clusters in Jawa Tengah, Jawa Timur and Jawa Barat; first sites also on-air in Maluku and Papua (not shown).
Map & breakdowns: August 21, 2026 snapshot; headline totals as of August 31, 2026.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 10
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THE DEPLOYMENT ENGINE
Community-powered infrastructure: how 1,500 sites become 5,500
THE SALES ENGINE
THE SITE ENGINE
Rumah Sahabat IRA community-hosted rooftop sites Sahabat IRA “Grass-root Community Sales” — agents + Member-Get-
Member
Households, shops and mosques host IRA rooftop radios. Hosts receive
Agents earn a one-time Rp35,000 (≈US$2) per activated customer, and Member-
Rp6M/year (≈US$365) paid upfront, plus free IRA service for the contract term —
Get-Member extends the same reward to existing subscribers — near-zero
every site passing technical, legal and commercial screening.
customer-acquisition cost at neighborhood level.
9,000+ hosts signed · 1.85M FTTH subscribers = a ready host pipeline 5,000+ agents signed · every neighborhood becomes a sales force
How a community site goes live
• No land acquisition, no towers, no digging — a site goes live in weeks, not months
• Site supply becomes a community sign-up funnel that scales in parallel, not in
sequence
• 4,500+ radio units fully integrated against 1,500+ sites on-air — hardware runs ahead
of site activation (as of Aug 31, 2026)
Why it matters: site acquisition — the classic wireless bottleneck — is converted into a community funnel with 14,000+ participants already enrolled.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 11
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STARLITE (FTTH) EXPANSION PROGRESS
The depth engine — 1.85M subscribers on world-class build standards
1.85M 3.0M <0.1% 8,000+ km
HOMES PASSED
FTTH SUBSCRIBERS MONTHLY CHURN FIBER BACKBONE
+0.3Mn added, Toward 3.5M
+377% YoY, as at June 30, 2026 exits driven mainly by relocations railway-corridor national network
by year-end 2026
Build & funding Recognition 2H26 priorities
1 NTT East standards, investment- 2 WBBA 3 Premiumization & segment
grade paper Gigacity expansion
Champion
Award 2026
WEAVE (51% SURGE · 49% NTT East) embeds Starlite Super — Indonesia’s first Wi-Fi 7 fixed National campaigns for Starlite Prime & Super;
Japanese FTTH build & O&M standards; the debut broadband, up to 2 Gbps at Rp250K/month — premium residential and SME propositions;
Samurai Bond, rated BBB+ (JCR), funds the home- recognized at the Broadband Development Summit publicly committed service-quality standards for
pass program. APAC 2026 (Bangkok, Jul 2026). installation and resolution.
Starlite is operated by PT Integrasi Jaringan Ekosistem (“WEAVE”); subscriber and churn figures as at June 30, 2026.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 12
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SECTION 03
Outlook & Corporate Plans Ahead
Upcoming catalysts and Roadmap towards Connected Intelligence
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 13
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CORPORATE PLANS
FY2026 outlook & upcoming catalysts
>3mn 5,500 3.5mn 50–60%
FY26 SUBSCRIBERS FWA SITES FTTH HOME PASSES EBITDA MARGIN
combined FWA + FTTH year-end 2026 target year-end 2026 target FY26 range
1 2H26 2 1H27 3 2027–2030
Execution ramp-up Scale & efficiency National footprint
FWA site & community-channel acceleration;
Continued coverage expansion; operating leverage Toward a 20,000+ km national network; deeper
monetization of the subscriber base; completion of
drives margins; premium & SME service launches. penetration of 45mn addressable households.
the funding pipeline.
Management focus: disciplined execution of the 2026 program, service quality commitments, and strengthening the long-term funding structure.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 14
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THE AI LAYER
Connectivity is the fabric of AI — and SURGE already runs on it
LIVE IN OPERATIONS LIVE ON THE CONNECTION
Agentic AI across the network KreasiKita Indonesia's first AI career & creativity ecosystem
Nine agentic modules deployed across both engines (FTTH + FWA): Humans, AI agents, brands and community in one platform:
Proactive network AI AI project monitoring AI CV & dynamic CV builder AI recruiter · match scoring
AI install QC (OCR of IKR records) AI ticketing platform AI interview practice Creative studio: video · image · music
AI complaint chatbots AI incident management AI career assistant Verified marketplace + community
Why it matters: an AI-first operations and care stack is how a Rp100K (≈US$6) ARPU stays Why it matters: daily-use AI services create stickiness and community on the SURGE connection
profitable — cost-to-serve held flat while the base scales from 2.3M toward 10M+, protecting the — serving job seekers, Gen Z creators, recruiters and brands, and converting connectivity into an
60%+ 1H26 margin. ecosystem.
Next — agentic AI for the mass market: AI assistants for consumers, warungs and MSMEs, distributed through 14,000+ community participants (Rumah Sahabat & Sahabat IRA) and the PNM MSME
channel. Roadmap optionality — none of it is in the numbers.
The fabric thesis: every AI agent serving Indonesia's next 100 million users rides on a connection like ours — SURGE monetizes AI proliferation regardless of which model wins.
PT Solusi Sinergi Digital Tbk (IDX: WIFI) · Public Expose Live 2026 — September 7, 2026 15
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SECTION 04 Q&A with the Board of Directors Disclaimer: This document has been prepared by PT Solusi Sinergi Digital Tbk for information purposes only and does not constitute an offer or solicitation to buy or sell any securities. Forward-looking statements involve risks and uncertainties; actual results may differ materially. 1H26 figures are unaudited.
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PT Solusi Sinergi Digital Tbk · IDX: WIFI www.surge.co.id Thank You Indonesia's affordable broadband champion — Two engines, one national backbone Building the connectivity fabric for Indonesia's AI decade Monday, September 7, 2026 Public Expose Live 2026
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