Listed & traded on the Indonesia Stock Exchange (IDX) IDX Ticker Code: BHIT www.mncgroup.com

CORPORATE UPDATE PT MNC Investama Tbk

June 2019

Disclaimer

2

This material has been prepared by PT MNC Investama Tbk (the "Company") and is only for internal usage. By attending this presentation, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

The information and opinions contained in this presentation are intended solely for your personal reference and are strictly confidential. The information and opinions contained in this presentation have not been independently verified, and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein. It is not the intention to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of the company or its subsidiaries. The information and opinions contained in this presentation are provided as at the date of this presentation and are subject to change without notice. Neither the company (including any of its affiliates, advisors and representatives) nor the underwriters (including any of their respective affiliates, advisors or representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss howsoever arising from any use of this presentation.

In addition, the information contained in this presentation contains projections and forward-looking statements that reflect the company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the company and its directors. No assurance can be given that future events will occur, that projections will be achieved, or that the company's assumptions are correct. Actual results may differ materially from those forecast and projected.

This presentation is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. This presentation may not be used or relied upon by any other party, or for any other purpose, and may not be reproduced, disseminated or quoted without the prior written consent of the company.

Any investment in any securities issued by the company or its affiliates should be made solely on the basis of the final offer document issued in respect of such securities.

The contents of this presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose.

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1. Corporate Overview

2. Media

3. Financial Services

4. Property

4

Corporate Structure

5

1. Corporate Overview

2. Media

3. Financial Services

4. Property

Macro Drivers Support Industry Growth

6

Source : Indonesian bureau of statistic 2019 report

Population & Real GDP (US$) (2018) *

5 4.9 5 5.1

5.3

5.5 5.5 5.5 5.5

2014 2015 2016 2017 2018 2019 2020 2021 2022

Indonesia Growth of Real GDP (%)

• A large & young population, 226mn

people below age of 54; growing by 3

to 4 Million people every year for the

next 15 years

• A rising middle class group will grow

the advertising expenditure in line

with GDP growth

• A stronger growth will be driven by

more robust private investment

activities and acceleration of

infrastructure development

What are the macro drivers?

27% 17%

43%

8% 6%

0 - 14 15 - 2425 - 5455 - 64 65+

A Young Population (2018)

265

107 95

69 32 6

1,148,253

323,680 186,326 437,515 383,304

319,915

0

50

100

150

200

250

300

Indonesia Philippines Vietnam Thailand Malaysia Singapore

Population US$ Real GDP

* In Millions

PT Global Mediacom Tbk (MNC Media) Corporate Structure

7

Global Mediacom Tbk

Media Nusantara Citra Tbk

Content and Advertising Based Media

PT MNC Vision Network Subscription Based Media

Online Media

IPTV/Fixed Broadband OTT DTH Pay TV

8

The Largest Fully Integrated Media Company in Southeast Asia

DIGITAL FREE-TO-AIR TV CONTENT

PAY CHANNELS CONTENT LIBRARY TALENT

MANAGEMENT

Content library contains more than 300,000 hours and increasing by more than 20,000 hours

per year

PRODUCTION (Short – Mid – Long Form) ENTERTAINMENT

INFORMATION & SPORTS

Entertainment FTA focusing on family audience

Largest news TV and programs (providing news programs to the Group’s 3 entertainment FTA)

• FTA + / RCTI + (*)

• Socmed content (original content, library & aggregation)

• News portal

• Digital broadcast

• Content licensing to Digital Platform

• User Generated Content (UGC)

64%

PUBLIC

36%

Indonesia Advertising Market Share

• Given the infrastructure constraint, TV is the only medium to reach a mass audience.

• TV advertising is expected to maintain a dominant market share

• A more stable economic growth will boost ad spend, TV advertising should trend at a

5% CAGR between 2017-22 • 94% smartphone penetration among online users, grew from 40% in 2013.

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2018

2022

TV, 64%

Internet, 16%

OOH, 2%

Print, 16% Radio, 2%

TV, 62%

Internet, 25%

OOH, 2%

Print, 10%

Radio, 1%

-

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

30.000.000

35.000.000

40.000.000

2015 2016 2017 2018 2019 2020 2021 2022

TV Internet Print & Related Other

Indonesia Advertising – By Media (in Rp Mill)

Source : MPA 2018 report, adjusted

The Largest Audience Share & FTA TV Advertising Market Share

10

• MNCN continues to produce top drama series and talent search programs successfully fulfilled demand on high quality Indonesian culture-based entertainment

• We also have 17 MNC branded Pay TV Channels. These channels are integral to our content strategy

Source : Nielsen *Jan-19 (1-21)

37 39 40 43 43

26 28 28 24

27

18 14 12 12 10

14 14 15 17 16

4 4 4 4 4 0 0 1 1 1

2014 2015 2016 2017 2018

MNC Group Emtek Group Trans Corp Viva Group Metro TVRI

• MNC Group dominates Advertising market share amongst all FTA TV Stations in the nation

• Content is the only way to capture audience share and monetize advertising dollars

• MNC sells different forms of advertising from filler TVC, built-in, virtual ads, mobile ads and other creative ads

Indonesia Advertising Market Share

35,3 36,7 37,2 39,4

29,1

36,4 44,8 38,4 35,1

39,2

0,0

5,0

10,0

15,0

20,0

25,0

30,0

35,0

40,0

45,0

50,0

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019*

MNCN Audience Share 2008 – 2019*

• Conventional TVC (15” and 30”) during commercial break

• Creative ads/ Non Time Consuming ads (Built-in, Virtual Ads, Squeeze Frame, etc)

• Equity Link (Air time and Content Library)

• Digital Ads : Digital Broadcast, Social Media (including original content), Online Portal, UGC, OTT, FTA+ / RCTI +*, etc)

TV Advertising Revenue

Conventional TVC

Virtual Advertising on Drama Series (TOP)

Squeezed Frame Advertising

Build-In Advertising

11 *launch soon

TV Advertising Revenue

12

CONTENT LIBRARY LICENSING

(FTA, DTH, Pay TV, IPTV, Mobile/Streaming, OTT)

CONTENT PRODUCTION

(group & non-group)

Short, Mid, and Long Form

PAY CHANNELS LICENSING

(DTH Pay TV, IPTV, OTT)

Drama, Talent Search, Animation, Sitcom, Movie

• Generating highest revenue per one hour broadcast

• 90%+ of pay Channel content is sourced from the library & original content produced in-house.

• Owns 17 Pay Channels with various genres.

• Produces more than 20,000 hours of content annually.

• Owns more than 300,000 hours of content library with breakdown of 60% non News and 40% News content.

LOCAL

CONTENT

IN-HOUSE

PRODUCE

80%

95% Local Animation

Reality Program

Infotainment

Talent Search*

Drama Series*

• Content produced in-house include Drama, Talent Search, Animation, Sitcom, Movie, Reality, Infotainment, Variety, Talk Show, News.

39%

more than 80%

more than 50%

28%

26%

Pay Channels

CONTENT

VARIETY TALENT SEARCH

DRAMA ANIMATION SITCOM REALITY INFOTAINMENT TALK SHOW NEWS

The Largest Content Producer and Library Owner

13

The Best Talent Search Program

14

Drama Series Production – Indonesia Market Share

15

39%

Sinemart 22%

Mega Kreasi 14%

Tobali 6%

Tripar MP 4%

Verona 2%

k-Starvi+ 2%

Diwangkara 2%

MD 3%

Max 3%

Others 3%

MNC Pictures Sinemart Mega Kreasi Tobali Tripar MP Verona k-Starvi+ Diwangkara MD Max Others

Most watched Pay Channels in Indonesia

Number #1 Indonesia Pay Channels Market position with 25.90% shares. (FTA Channels generate highest audiance share)

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Rank Channel Share (%)

1 MNCN 25.90

2 TRANS 19.01

3 SCMA 15.19

4 VIVA 13.71

5 FOX[x]Disney 8.20

6 Warner 5.74

7 MTRO 5.07

8 Sony 1.54

9 VIA COM 1.38

10 TVRI 0.92

The Top 10 Pay-TV

channels in Indonesia.

Source : Nielsen, Feb19

Star Media Nusantara: Talent Management

Singing Competition

Nowella 2014

Giselle Anastasia 2008

Citra Scholastika 2010

Ajeng Astiani 2015

Aldy Saputra 2015

Angela July 2015

Christoper Edgar 2016

Sharla Martiza 2017

Kim Kimberly 2017

Andmesh Kamaleng 2017

Trio Wijaya 2016

Indah Nevertari 2014

Mahesya 2015

Yogie 2015

Dahlia 2015

Chef / Cooking Contest

Deny 2015

Luvita 2015

Brian 2013

Afif Winner 2014

Zidan 2014

Patrick 2014

Navis Aditya 2017

Sharon 2017

Christoper Laurensius 2016

Other Talent Search

Achintya Nilsen 2017

Natasha Mannuela H 2016

Maria Harfanti 2015

Boy WIlliam 2010

Libra Akila 2011

Okky Julian 2013

Oge Arthemus – Season 1, 2009

Master Limbad – Season 2, 2009

Bow Vernon Season 5, 2012

Ayu Ting Ting 2010

Lolita Agustine 2010

Dede Sunandar 2014

B Force 2017

Soul Sisters 2017

• The biggest talent management company in Indonesia with more than 300 talents with various background under exclusive contract (5 years + 5 years).

• The Company manages national talent to perform in TV shows (group or non group), radios, off air events and OOH/TV commercial.

• There is a revenue split between talent and the Company for all bookings, including endorsements on their respective social media platforms.

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Star Hits – Leading Digital Network

• Star Hits is a digital network that develops content creators, talent or influencers, to cooperate with the brand and to create the ecosystem that are connected in the content.

• Owns various channels under star hits family brand, which focuses on various different genres.

• Currently, Star Hits also coordinates all of MNC Group’s channels in all social media. • Star Hits has received MCN (Multi-Channel Network) license from Youtube in 2019.

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Digital Mobile/ Online Advertising Revenue

• Digital Broadcast

• Social Media (Library & original content, etc)

• Library/channel licensing to digital platform

• Online portal, UGC, MCN, etc.

• FTA+ / RCTI + - coming soon

19

Digital Broadcast

20

Digital Broadcast

21

Digital quiz interactive where user can answer al the questions on TV via RCTI Mobile. The

questions will be appeared in a form of template with 110 sec. The questions consist

of product knowledge from brand and program

Second Screen Quiz Interactive Second Screen Activity

Brand activation on RCTI Mobile where users can send their comments and upload their photos which inline with brand campaign

Second Screen Live Chat

Users can access live streaming on RCTI Mobile as well as having interactive with

another user using chat feature

Banner Random

Native Ads

Pre Roll

A small picture on top of page with landing page

Bigger than banner, native ads are in the middle of the page. Brand can put their landing page on native ads

TVC with 15 sec duration. Pre roll will appear before the video content

Number One YouTube TV Views & Subscribers in Indonesia

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MNCN 37.602.606

NET 16.292.452

SCMA 11.241.685

Trans Group 14.894.076

VIVA 5.605.786

Kompas 2.896.671

Metro Group 976.052

MNCN NET SCMA Trans Group VIVA Kompas Metro Group

Including twitter, FB, IG, the total subscribers reach over 48 million, the largerst in South East Asia

Source : MNC Research, as per 29 Apr 2019

MNCN

13.7

NET

8.1

TRANS

6.0

EMTEK

4.3

KOMPAS

1.8 VIVA

1.4 METRO

0.4

MNC Media vs Competitors VIEWS (IN BILLION)

MNC Media vs Competitors Subscribers

Most watched Indonesia YouTube content comes from our short clips drama series

23

Maximize Brand’s Presence Through Engaging WebSeries Ads

24

MNC Group “News Portal” rank #4 and #6 in Indonesia

25

ALEXA RANKS Top Indonesian Sites

*Update May 25, 2019

1. Tribunnews.com

2. Google.com

3. Youtube.com

4. Okezone.com

5. Detik.com

6. Sindonews.com

7. Liputan6.com

8. Bukalapak.com

9. Kompas.com

10. Blogspot.com

11. Grid.id

12. Google.co.id

13. Idntimes.com

14. Kumparan.com

15. Suara.com

16. Yahoo.com

17. Merdeka.com

18. Cnnindonesia.com

19. Kaskus.co.id

20. Viva.co.id

Noted : For News portal, Okezone.com is ranked #2 and Sindonews.com #4

Welcome to MNC FTA+/ RCTI+Mobile Apps

• A spectacular extension of RCTI, MNCTV, GTV, and iNews FTA TV which is available for free via Apps (IOS & Android).

• MNC is digitally all in!

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• Single & Multi Camera Views for Streaming

• Catch up TV

Excellent Live

Streaming

• FTA Programs - Current and Library

• Extended Content –Rejuvenated Library Content, Fresh Extended Content, and FTA Unaired Content (bloopers and behind the scene)

• Creative Contents: Quiz, Reward system, Original short & mid form content, Audition, etc

• Content Partners - (SMN & Third Party Partners)

Creative Content

All Contents Are Produced Using State-of-the Art Broadcasting Facilities

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MNC Studios West Jakarta

MNC Center Central Jakarta

Overview of PT MNC Vision Networks

28

96%

market

share with

2.4m subs (1)

PT Global Mediacom Tbk

PT MNC Vision Networks

DTH services

PT MNC Sky Vision Tbk

Broadband and IPTV services

PT MNC Kabel Mediakom

OTT service provider

PT MNC OTT Network

98% 100% 100%

• Provides DTH-based Pay TV services in

Indonesia, covering the entire archipelago

• Captures 96.0% of DTH market share in

Indonesia

• Provides high speed FTTH broadband and

interactive IPTV services

• 3rd largest broadband and IPTV operator in

four years since inception

• As a strong value-add for MNC Vision /

MNC Play subscribers to watch content

and entertainment anywhere anytime

• Access to MNC Vision, MNC Play and

MNC content and features

• Provides video on demand (“VOD”)

services over the internet

Presence

in 9

Cities(1)

1.5m

homes

passed and

262k subs(1)

More than

130 live and

80 catch-up

channels

Access to

more than

9,000 hours

of on-demand

content

DTH S-band

for extensive

nationwide

coverage

100%

186

channels

with 35

exclusive

channels(3)

15%

subscriber

CAGR from

2010 to 2018

US$ 22

residential

ARPU(4)

137

channels with

33 exclusive

channels(3)

2.0m(2)

registered

subs since

inception in

Feb 2018

Available on

multiple

platforms

including

Android, iOS

Notes: 1. DTH subscribers market share based on Media Partners Asia 2018 estimates, does not include IPTV Pay TV subscribers under MNC Play; 2. As of Dec 2018; 3. Includes both SD and HD channels; 4. Monthly average net ARPU converted using USD / IDR FX rate of IDR 14,300

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1. Corporate Overview

2. Media

3. Financial Services

4. Property

PT MNC Kapital Indonesia Tbk (MNC Financial Services) Corporate Structure

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Improve market positioning of products Product cross selling Leverage on wider distribution network

Note : Assets as of March 2019 # Office network as of May 2019

Total assets (in Rp Bio) 10,922

Office network in Indonesia 59 50 15 124* 6 23 18

* Including Point of Sales

Potential synergies through

1,951 780 875 53 502 507

46%

22%

6%

5%

1% 8%

12%

46%

18%

15%

5%

8%

7%

1% MNC Bank

MNC Finance

MNC Life

MNC Sekuritas

MNC Insurance

MNC Leasing

MNC AssetManagement 11%

Capitalizing on Distinctive Advantages

Strong Impact of the MNC Brand 1

2 Synergies

3 Managed by Professionals with a Proven Track Record

4 Low Penetration Rates

Strategies

• Creating a one-stop financial service centre (financial supermarket)

• Maximizing value creation & creating greater synergies amongst subsidiaries

• Developing an integrated online system (digitalization)

• Strengthening market penetrations

• Focusing on retail businesses

• Implementing better risk management, corporate governance & lowering acquisition cost as well as cost of funds

• Expanding our investments through unorganic means (mergers and acquisitions)

Sources of Revenue

31

Full Year 2018 3M2019

Synergies

32

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1. Corporate Overview

2. Media

3. Financial Services

4. Property

Business Pillar

34

Five Business Pillar of MNC Land:

Property Services and Building Management

General Properties (office building, high-rise residential,

upscale hotel)

MNC Lido City, Integrated Lifestyle & Entertainment hub

MNC Bali Resort, Integrated Lifestyle & Entertainment hub

MNC Smart City in Tangerang

35

MNC Lido City – Strategic Location and Accessibility

36

Masterplan of MNC Lido City

37

Circuit City

Edu Town

Entertainment

City

Hilltop Villa 2

1

3

7

Farm Ville 6

Technopark 4

Resort Village 5

7 MAIN

DISTRICTS

15

17

16

Overall Masterplan ± 3000 ha

*Phase 1 ± 700 ha Entertainment City

1. International Golf Course & Club* 2. Hotel* 3. Residential Villa & Condo* 4. Lido Lake Hotel (in operation) 5. MNC WorldTM Lido* 6. Transit Oriented Development 7. Movieland 8. Music Festival 9. MNC World Garden 10. Residential Development 11. Hilltop Villa 12. University 13. Technopark & Foodpolis 14. Golf Course & Ressort Village 15. Worship Center 16. Farmville (Cattle & Fish Farm) 17. Moto GP Circuit

Hotel

38

International Golf Courses & Country Club

39

Super Luxury Villas

40

Luxury Condo

41

Development Component of MNC WorldTM Lido

42 42

MNC Bali Resort – World’s Paradise

43

Situated in the heart of Bali’s magnificent southwest coast, MNC Bali Resort sits in close proximity to some of Bali’s most famed attractions. The location is approximately 27 km or an hour drive from the Ngurah Rai International Airport.

The development is located in a spacious 107-hectare area in Tabanan, West Bali – one of the largest resort developments in Bali

A perfect location for luxury living that offers breathtaking views of the Indian Ocean and Tanah Lot, the most sacred temple in Bali, framed by a spectacular panorama of endless sea

Bali is consistently voted as one of the world’s best islands with the latest awards came from the DestinAsian Readers’ Choice Award (RCA) and Bali was voted as the Best Island in the World in 2017

In August 2015, MNC Land signed an agreement with The Trump Organization to manage the newly redesigned resort

The Government is planning to develop a new toll road from Kuta to Gilimanuk, passing by Tanah Lot

MNC Bali Resort – World’s Paradise

44

The largest and the most integrated resort destination complex

in Bali, MNC Bali Resort with a total area of 107 ha

LUXURY VILLA

6-STAR HOTEL &

BEACH CLUB

GOLF COURSE &

GOLF CLUB

Hotel

45

Resort Facilities

46

• Hotel Land area : 14.3 ha

• GFA (including Beach Club) : 55,336 sqm

• Room configuration

• The resort will also feature a state-of-the-art Trump Beach Club Bali (GFA 8,397 sqm) designed so as

to present a 360-degree view of the Indian Ocean

Planned Facilities:

Beach Club Restaurant , Swim – Up Bar, Pool Bar, Cigar & Cognac Lounge, Delicatessen

Facility : Beach Club & Deck, Cabanas (4 rooms), VIP Lounge, Swimming pool, DJ booth, White sand pit, Amphitheater

Golf Course

47

54 ha • A Top Course in Asia • 18 holes – Par 72 • Home of International Golf Events • Designed by Phil Mickelson • Signature hole facing the Tanah Lot and Indian Ocean • It will definitely provide a great new experience for

golfer

Club House

48

Luxury Villa & Condo

49

50

General Properties

MNC Studios* MNC College MNC Vision Tower* Lido Lake Resort by MNC Hotel

Location: MNC Center, Kebon Sirih, Central Jakarta

Location: West Jakarta Location: MNC Lido City, Bogor

* The property is owned by MNC Group, MNC Land is the project manager and building manager of the Property

General Properties

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52

Park Tower

a 37-storey building situated in MNC Center, a 5-ha integrated mixed-use complex in the Kebon Sirih area, very close to the CBD Jakarta.

Featuring Premium Grade-A office space and Park Hyatt Jakarta, the first and the only Park Hyatt brand hotel in Indonesia.

With building efficiency up to 85% greater than the average building in Jakarta, which is only 70%.

Park Hyatt Jakarta features 222 luxury suites with the theme of ‘home away from home’, various facilities such as Ballroom, Meeting rooms, Spa and Fitness Center as well as world-class dining and entertainment experience which will be a perfect choice for conducting weddings, corporate gatherings and social events.

The Park Tower office space started its operations in September 2018; Park Hyatt Jakarta is scheduled to open in 2H2019

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One East Penthouse & Residences Luxury Collection

a 33-storey building consists of Strata Apartments and a 5-star Hotel situated in elite area of Surabaya, East Java.

Featuring 144 roomkey hotel managed by Oakwood, an award-winning and the largest serviced apartment operator in the world.

The innovative design of One East Penthouse and Residences Collection combines the comfort of luxury living with modern cosmopolitan apartment. The apartment consists of 263 units ranging from 1-Bedroom, 2-Bedroom, 3-Bedroom and Penthouse with various sizes from 78 – 272 sqm.

Thank You

54

PT MNC Investama Tbk MNC Financial Center 21st Floor Jl. Kebon Sirih No. 21-27 Jakarta 10340, Indonesia Tel. +62-21 2970 9700 Fax. +62-21 3983 6870 Email: ir.bhit@mncgroup.com www.mncgroup.com