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Listed & traded on the Indonesia Stock Exchange (IDX) IDX
Ticker Code: BHIT www.mncgroup.com
CORPORATE UPDATE PT MNC Investama Tbk
May 2019
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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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3
1. Corporate Overview
2. Media
3. Financial Services
4. Property
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4
Corporate Structure
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5
1. Corporate Overview
2. Media
3. Financial Services
4. Property
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Macro Drivers Support Industry Growth
6
Source : Indonesian bureau of statistic 2019 report
Population & Real GDP (US$) (2018) *
5 4.9 5 5.1
5.3
5.5 5.5 5.5 5.5
2014 2015 2016 2017 2018 2019 2020 2021 2022
Indonesia Growth of Real GDP (%)
• A large & young population,
226mn people below age of 54
• A rising middle class group will
grow the advertising expenditure
in line with GDP growth
• A stronger growth will be driven
by more robust private
investment activities and
acceleration of infrastructure
development
What are the macro drivers?
27% 17%
43%
8% 6%
0 - 14 15 - 2425 - 5455 - 64 65+
A Young Population (2018)
265
107 95
69 32 6
1,148,253
323,680 186,326 437,515 383,304
319,915
0
50
100
150
200
250
300
Indonesia Philippines Vietnam Thailand Malaysia Singapore
Population US$ Real GDP
* In Millions
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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
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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)
• Socmed content aggregator
• News portal
• Digital broadcast
• Content licensing to Digital Platform
• User Genered Content (UGC)
64%
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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
3.1% CAGR between 2017-22 • 94% smartphone penetration among
online users, grew from 40% in 2013.
9
2018
2022
TV, 64%
Internet, 16%
OOH, 2%
Print, 16% Radio, 2%
TV, 62%
Internet, 25%
OOH, 2%
Print, 10%
Radio, 1%
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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
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The Largest Audience Share & FTA TV Advertising Market
Share
10
• MNCN continued 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 9M - 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*
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• Conventional TVC (15” and 30”) during commercial break
• Creative 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
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The Largest Content Producer
1. Over 80% of FTA content is local with more than 95% produced
in house.
2. More than 90% of pay Channel content is sourced from the
library and original content produced in house.
3. Produce all types of content for FTA, pay channels, movie and
social media (more than 20,000 hours of production annually with
over 300,000 hours library).
4. MNC production house market share (Indonesia): • Drama
Series* : 39% • Talent Search* : more than 80% • Infotainment : 26%
• Reality Program : 28% • Local Animation : more than 50%
5. Controls talent management with more than 60% market
share
12
CONTENT
PRODUCTION CONTENT LIBRARY
Pay TV Channel
Pay TV Operator
OTT
Produce
for
Indonesia and overseas
*) Generating highest revenue per one hour broadcast
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The Largest Content Producer
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CONTENT
• 80% of our contents are local with more than 95% produced
in-house • Gradually reducing foreign content, due to low margin
and high cost • Targeting to increase local content to
approximately 100% in 2019, which will
lead to a decrease in programming cost and higher EBITDA
Margin
PRODUCTION CONTENT LIBRARY Pay TV Channel
Drama, Talent Search, Animation, Sitcom, Movie
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The Best Talent Search Format Lineup
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Indonesian Idol - 10th season and running, The Voice - 2nd
season and running, Rising Star Indonesia - The 2nd Season, and
running MasterChef Indonesia – 5th season and running The Voice
Indonesia – 1st season and running
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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
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Most watched Pay-TV channels in Indonesia
Number #1 Indonesia Pay-TV Market position by 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
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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, etc.
• FTA+ / RCTI + - coming soon
17
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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
Source : MNC Research, as per 29 Apr 2019 Including twitter, FB,
IG, the total subscribers reach over 48 million, the largerst in
South East Asia
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)
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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!
19
• 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
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MNC Group “News Portal” rank #5 and #8 in Indonesia
20
ALEXA RANKS Top Indonesian Sites
1. Google.com
2. Tribunnews.com
3. Youtube.com
4. Detik.com
5. Okezone.com
6. Tokopedia.com
7. Bukalapak.com
8. Sindonews.com
9. Kompas.com
10. Liputan6.com
11. Blogspot.com
12. Google.co.id
13. Grid.id
14. Kumparan.com
15. Idntimes.com
16. Merdeka.com
17. Yahoo.com
18. Suara.com
19. Kaskus.co.id
21. Cnnindonesia.com
*Update 22 April 2019
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All Contents Are Produced Using State-of-the Art Broadcasting
Facilities
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MNC Studios West Jakarta
MNC Center Central Jakarta
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Overview of PT MNC Vision Networks
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% (1) 100% 100%
• Provides DTH-based Pay TV services in
Indonesia, covering the entire archipelago
• Captures 58% of Pay TV market share in
Indonesia
• Provides high speed FTTH broadband and
IPTV services to all subscribers
• Grown to 2nd largest fiber-based
broadband and IPTV operator in four years
since inception
• Provides video on demand (“VOD”)
services over the internet
• Access to Vision, Play and MNC content
and features
Notes: 1. 97.6% owned via MVN and the remaining by MNC Group and
its related entities; 2. DTH subscribers as of 31 December 2016
based on Media Partners Asia 2017, does not
include IPTV Pay TV subscribers under Play; 3. As of 31 December
2018; 4. Includes both SD and HD channels; 5. Monthly average net
ARPU converted using USD / IDR FX rate of IDR
14,300
Presence
in 6
Cities(3)
58%
market
share with
2.4m
subscribers(2)
1.5m
homes
passed(3)
More than
130 live and
80 catch-up
channels
Access to
more than
8,000 hours
of on-demand
content
DTH S-band
for extensive
nationwide
coverage
100%
185
channels
consisting of
132 SD and
53 HD(4)
17.5%
subscriber
CAGR from
2011 to 2017
US$ 22
residential
ARPU(5)
138
channels with
33 exclusive
channels(4)
Value-added
services to
Vision and
Play
subscribers
Available on
multiple
platforms
including
Android, iOS
• PT MNC Vision Networks (“MVN”) is part of South East Asia’s
largest integrated media group, PT Global Mediacom Tbk (“GMC”) and
currently owns
and operates (i) the dominant Pay TV operator, PT MNC Sky Vision
Tbk (“Vision”), (ii) the only 100% fiber-optic major broadband /
IPTV service
provider, PT MNC Kabel Mediakom (“Play”); and (iii) the emerging
OTT business, PT MNC OTT Network (“OTT”)
22
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23
MNC Vision at a Glance
Notes: 1 Per 31 Dec 18 2 For period 2010-2017 3 Media Partners
Asia 2017 Report 4 Monthy Average period Jan-Dec 2018
IDR 81k ARPU(4)
5
9
101 Branches
Extensive In-house
Distribution and
Sales Network
10
MNC Now
OTT Services
2.4 MM Subscribers(1)
1 2
17.5% Subscriber
CAGR(2)
3
Nationwide Coverage
Using S-band & DTH
Technology
4
58% Market
Share(3)
6
1.47% Churn Rate(4)
7
138 Channels
33 Exclusive
Channels
8
Exclusive
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24
MNC Play at a Glance
Notes: 1 Per 31 Dec 2018 2 Churn Monthly Average 2018 3 ARPU
Monthly during 2018
IDR 289k ARPU
Residential(3)
5
3
262k Residential
Customers(1)
4
246 Enterprise
Customers (1)
7 Up to
1 Gbps Internet speed
8
100%
Fiber
Optic
2
In 6 Cities 1
1493k Homes
Passed(1)
6
1.89% Churn Rate (2)
9
185 Channels
10
MNC Now
OTT Services
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25
Superior Broadband and Pay TV Product Offerings
The Fastest Internet Connection
Modern Fiber with
Latest Wi-Fi Technologies
100% Fiber Optic
The Most Sophisticated Pay TV Offering
Video On Demand Feature
185 SD and HD Channels
Catch Up TV
Pause, Play and Rewind
for All Channels
Watch on Your Mobile Devices
Anytime and Anywhere
Android Set-Top-Box
Hyper Speed Upload
and Download 1
Gbps
Symmetrical Upload
and Download Speed
Network Ability up to
10 Gbps
Media Sharing Ready
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26
MNC Now at a Glance
Top 3 channels(4) RCTI
SCTV
MNC TV
5
3 516k MAUs(2)
Android IOS
512K 8K
4 23x
Ave Monthly
Stream
Per user(3)
6
Top 3 VOD(4) Preman Pensiun
3 Dara
Yakuza Apocalypse
7
Top 3 Cities(4) Jakarta (31%) Surabaya (17%) Medan (9%)
2
2.35M Registered(1)
1
2.5M Installs(1)
Notes: 1. Per 28 Feb 2019 2. Monthly Active User period Feb 2019
3. Monhtly period Feb 2019 4. Period YTD Feb 2019
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27
1. Corporate Overview
2. Media
3. Financial Services
4. Property
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PT MNC Kapital Indonesia Tbk (MNC Financial Services) Corporate
Structure
28
Improve market positioning of products Product cross selling
Leverage on wider distribution network
Note : Assets as of March 2019 # Office network as of April
2019
Total assets (in Rp Bio) 10,922
Office network in Indonesia
59 50 15 125* 6 23 18
* Including Point of Sales
Potential synergies through
1,951 780 875 53 502 507
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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
29
Full Year 2018 3M2019
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Synergies
30
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31
1. Corporate Overview
2. Media
3. Financial Services
4. Property
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Business Profile
32
A proven track record in managing various category of investment
properties. Next, the Company is focusing on developing the
following segments :
Property Services 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
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33
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MNC Lido City – Strategic Location and Accessibility
34
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Train Access
35
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Masterplan of MNC Lido City
36
1. International Golf Course
2. Country Club & Hotel
3. Residential Villa
4. Lido Lake Hotel
5. Themepark
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
± 3000 ha
Overall Masterplan
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
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Phase 1 Master Plan
37
1. International Golf Course
2. Country Club & Hotel
3. Residences
4. Lido Lake Hotel
5. MNC Park
6. Retail Dining
Entertainment
7. Hotel & MICE
8. Transit Oriented
Development (TOD)
9. University
10. Office Park
11. Music Festival
12. Movie Land
13. MNC World Gardens
14. Residential Development
± 700 ha
Phase 1
Masterplan
14
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TRUMP International Resort, Golf Club and Residences Lido
38
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Bedogol National Park
39
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Bedogol National Park – Development Plan
40
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41
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MNC WorldTM Lido
42 42
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MNC ParkTM
43 43
Indonesia’s First World-Class Theme Park
50 ha • 6 Themed Lands
• 19 Rides
• 6 Shows
• 7 Attractions
• 17 F&B Outlets
• 21 Retail Shops
• 1 Event & Meeting
Facility
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RDE, Resorts & Hotels
44 44
Hotels, Convention Center, Exclusive Branded Stores,
Entertainment, and Seasonal Events
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MNC Bali Resort – World’s Paradise
45
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 110-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 DestinAsianReaders’ 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.
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Masterplan
46
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MNC Bali Resort – Development Component
47
144 super-luxury villas and 224 luxury resort
condominiums
a glamorous, ultra-luxury Trump 6-star resort with 150 exclusive
pool suites and villas
a state-of-the-art lifestyle Beach Club presenting a 360-degree
view of the Indian Ocean
an 18-hole Signature Golf Course designed
by Phil Mickelson
an exclusive Golf Club providing state-of-the-art facilities,
orchestrated by a 24/7 lifestyle concierge
47
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48
General Properties
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49
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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50
One East Penthouse & Residences 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.
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Thank You
51
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: [email protected] www.mncgroup.com
http://www.mncgroup.com/
