Corporate Updates PT MNC Investama Tbk · 2020. 7. 7. · PT Global Mediacom Tbk (MNC Media) Corporate Structure 9 Global Mediacom Tbk Media Nusantara Citra Tbk Content and Advertising

Listed and traded on the Indonesia Stock Exchange (IDX)

IDX Ticker Code: BHIT

www.mnc-corporation.com

Corporate Updates

PT MNC Investama Tbk June, 2015

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Disclaimer

2

Table of Content

• Corporate Overview Section 1

• Media Section 2

• Financial Services Section 3

• Properties Section 4

• Financial Performance Section 5

3

Corporate Overview Section 1

4

Corporate History, Major Milestones and Awards

2002 2003

1989

1999 1997

2004

2011

2001

2010

2013 2012

2007

• PT Bhakti

Investama

(“BHIT”)

established in

Nov 1989

• BHIT IPO

• BHIT transferred

securities

business to Bhakti

Capital

Indonesia ("BCAP") and

Bhakti Asset

Management

• BCAP IPO

• Acquired Global

Mediacom

(“BMTR”)

• BCAP repositioned as

holding company for

financial services

businesses

• Media Nusantara Citra

(“MNC”) established as

holding company for

content and advertising

based media

• Securities business

transferred to

Bhakti Securities

• BHIT acquired 20% stake

in MSKY

• MNC undertook IPO

• BMTR acquired 51% stake

in MNC Sky Vision

(“MSKY”)

• BCAP acquired UOB Life

Sun Assurance (MNC Life)

• BMTR increased its stake

in MSKY to 75.4%

• BCAP acquired

Jamindo

General Insurance (MNC

Insurance)

• MSKY IPO

• Rebranding into PT

MNC Kapital

Indonesia (a)

• Rebranding

BHIT into MNC

Investama

• Acquiring stake

in MNC Land.

•Global Bond

Issuance

amounted to

US$365 mn.

5

2014

BCAP acquired 40% PT Bank ICB Bumiputera Tbk and changed its name to PT Bank MNC Internasional Tbk

Resort Development

Corporate Structure

6

• Leading integrated investment company w/ investments in media, financial services, property. • Global Mediacom controls the largest media business in Indonesia • Leveraging the widely recognized MNC brand to build up a nationwide financial services business • Strong and diversified financial performance generating strong cash flow • Managing over 30,000 employees

Life Insurance

General Insurance

PT MNC Kapital Indonesia Tbk PT Global Mediacom Tbk

Content and Advertising Based Media

Subscription Based Media

Media Financial Services Property Investments

Multi Finance

Bank

PT MNC Land Tbk

Securities

Asset Management

MNC Sky Vision Tbk.

MNC Kabel Mediakom

Online Media

Leasing

Lifestyle & entertainment Dev.

General Property Development

• Westin Resort & Convention, Bali • Bali Nirwana Resort, Bali • Mandalika Resort, Lombok

• Lido Integrated Resort & Themepark

• Office Building • Hotels • Apartments • Property Services

7

Pursue other strategic investment companies

• investments of which are driven by fast growing Indonesia’s macro economy

•Undertake any investing activity to support our strategic investments.

- Optimizing synergy among our Group to further increase revenue and cost efficiency - Leverage our MNC brand across various businesses

Media Focus on 3 core business area and reinforce our market leading position

• Focused on our 5 core growth drivers:

- RCTI, MNCTV,GlobalTV, iNewsTV & content Business through MNC Channels

• Strenghthen our subscriber based media by dev. broadband initiatives MNC Play Media

• Online media : weChat, MNC Shop, Mobile Games Company LeTang, and Okezone

• Creating a one-stop financial services centre

• Max. profitability & creating greater synergies

• Developing an integrated online system

• Strengthening market penetrations

Become a leading lifestyle and & entertainment property company in Indonesia

• Lifestyle & entertainment property development

‘ Resort Development

• General Development

• Deliver high-quality properties to increase market competitiveness

Financial Services

Property

Investments

Strategies and Future Plans

Grow our own financial services businesses as a “financial supermarket”

• Focusing on retail businesses

• Implementing better risk management

• Lowering Acquisition cost

• Expanding our investment through M&A

Media

Section 2

8

Leading and Inspiring

PT Global Mediacom Tbk (MNC Media) Corporate Structure

9

Global Mediacom Tbk

Media Nusantara Citra Tbk

Content and Advertising Based Media

64.7%

84.4%

MNC Sky Vision Tbk PT MNC Kabel Mediakom

100%

Subscription Based Media

Online Media

* including MNC Investama (BHIT) share ownership of 5.93%, total group ownership is currently 90.3%

Millions

Population (2014)

Source: : Basic Statistics 2015, Asian Development Bank, April 2015

A Young Population : 80% - Below 50yr

Source: Indonesia Bureau of Statistics 2015

Completed Education Level

29%

26%

29%

13%

3%

0-14 15-29 30-49 50-69 70+

Source: Nielsen Media Research Source: Indonesia Bureau of Statistics 2012

Monthly Household Expenditure (Rp1,000)

A large & young population

200mn people below age of 50

A rising middle class

Strong economic growth driven

by domestic consumption

40mn TV household

Only 4% of population has

university degrees

Indonesians prefer to watch TV

than to read, watching 5 hours

of TV per day.

What are the macro drivers?

University 4% Academy

3%

Senior High 29%

Junior High 19%

Elementary 23%

NA 22%

A1 3500 6% A2 2501-

3500 9%

B 1751-2500 20%

C1 1251-1750 26%

C2 901-1250 21%

D 601-900 13%

E <600 5%

Macro drivers support industry growth

10

1,368 1,267

252 100 91 67 30 5

Source: Media Partners Asia 2015

In USD billion

Asia Pacific Net Adspend Growth (2014-2015F)

Indonesia net ad spend growth highest in the region

Media Partners Asia forecasts net ad spend growth of 10% in 2015

Growth is among the highest in the region

Indonesia’s ad spend is growing from a small base; we expect growth to be sustainable

11

Asia Pacific Net Adspend (2014 – 2015F)

11,9

37,6

19,3

7,1

2,6

40,6

8,2

1,4 1,9 1,2 1,7 1,8 2,1 1,0

12,3

41,0

2,0

7,9

2,9

41,3

8,6

1,5 2,0 1,3 1,7 1,9 2,3 1,1

2014 2015

9%

11%

9%

10%

2%

-6%

3%

1%

2%

-2%

5%

2%

-3%

10% 11%

8% 9%

7%

9%

3% 3%

5% 5% 5%

2%

-2%

2014 2015F

12

Well-positioned in a Conducive Growth Environment

In USD/spot

30 seconds prime time spot

Net ad spend as % of GDP is the lowest in the region indicating solid growth potential

The price for a 30 seconds prime time spot is cheap compares to other ASEAN countries

$5,400

$10,800

$17,136

Indonesia Thailand Philippines

Net Adspend as a Percentage of GDP (2013)


0,9%

0,7% 0,7% 0,6%

0,6%

0,5% 0,4%

0,4% 0,4% 0,3% 0,3% 0,3% 0,3%

0,2%

Prime time advertising slots are limited; strong demand for advertising

Local brands have been aggressive in advertising to compete with multi national companies

We expect automotive and financial companies to increase TV advertising budget

13

38%

28%

15%

16%

3%

MNCN

SCMA

VIVA

TRANS

OTHERS

Sumber: Nielsen All Time all demography April 2015

Permintaan (Banyak merk yang beriklan di TV) Persediaan Terbatas: Hanya 11 FTA TV stations

Industry Dynamics

14

Low Penetration Rates in Key Segments

100% 100% 100% 100% 96% 99% 97% 97% 93% 85% 82%

61% 58%

99% 100% 100% 100% 96% 99% 97% 97% 93% 86% 84%

62% 60%

Korea Japan Singapore Hong Kong Malaysia Australia China Thailand Taiwan Vietnam Philippines India Indonesia

2013 2014

Asia Pacific TV Penetration of Total Households (2013-2014)

5,7

5,8

5,9

6,0 6,0

2010 2011 2012 2013 2014

18,0% 20,5%

23,7%

27,1% 30,2%

2010 2011 2012 2013 2014

Millions

Internet Household Penetration in Indonesia Newspaper Circulation in Indonesia

Source: Media Partners Asia

15

Indonesia’s Media Advertising Market Share

2019F 2014

Given the infrastructure constraint, TV is the only medium to reach a mass audience. TV advertising is expected to maintain

a dominant market share

Online advertising to take market share from Newspaper and Magazine

Source: Media Partners Asia

TV; 65,8%

Newspapers; 20,4%

Magazines; 2,6%

Online/Mobile; 7,3%

OOH; 2,2% Radio; 1,3%

TV; 65,5%

Newspapers; 18,2%

Magazines; 2,4%

Online/Mobile; 10,5%

OOH; 2,0% Radio; 1,1%

The Largest Integrated Media Company in Southeast Asia

16

RADIO

PRINT ENTERTAINMENT

NEWS & SPORTS

SUPPORTING FREE-TO-AIR TV CONTENT

PAY-TV CHANNELS CONTENT LIBRARY TALENT

MANAGEMENT

Content library contains more than 200,000 hours and increasing by more than 15,000 hours per year

RCTI, MNCTV,

GlobalTV, iNewsTV

MNC Sports

TALENT SEARCH/ NEWS/ VARIETY/ SPORTS

ANIMATION

IN HOUSE PRODUCTION UNITS

DRAMA/ MOVIES/ FTA

Our 5 Key Growth Drivers

17

RCTI, MNCTV, and Global TV grow significantly outperforming the industry

Indonesia NEWS TV to become a national network with focus on news and infotainment

19 exclusive channels on MNC Sky Vision to generate ad revenue

Integrated TV studios to be completed in mid 2015 is set to reduce programming and operation cost

Content is King

18

Content is the only way to capture audience share

and monetize advertising dollars

Indonesians love “Sinetrons” and we broadcast

many of the top drama series

We have licensed popular International programs

such as Master Chef, Indonesia Idol and X Factor

Exclusive programming with top Hollywood studios

More than 200,000 hours of content library and

increasing by more than 15,000 hours annually

We also have 19 MNC branded Pay TV Channels.

These channels are integral to our content strategy

Creating the best content is our top priority

“Content is where I expect much of the real money will be

made on the Internet, just as it was in broadcasting.

The television revolution that began half a century ago

spawned a number of industries, including the manufacturing of

TV sets, but the long-term winners were those who used the

medium to deliver information and entertainment.”

“Content is King” by Bill Gates in 1996

Source: Nielsen All Time All Demographic Audience Share

All Time Nielsen TV stations ranking

YTD April 2015

Share

1 RCTI ABC 15.4

2 SCTV ABCD 14.8

3 IVM ABCD 14.1

4 ANTV ABC 12.8

5 MNCTV ABCD 12.0

6 TRANS7 ABC 8.0

7 TRANS ABC 7.9

8 GTV ABC 6.5

9 TVONE ABC 4.0

10 METRO AB 2.4

Rank Station Target

Audience

Indonesia’s pay-TV subscribers are estimated to reach 8.7 million by 2020, equaling to only 21% of TV households. Almost

3x the size of 2012.

19

Indonesia’s Pay TV Subscriber Trend & S

ou

rce

:

Me

dia

Pa

rtn

ers

Asia

20

13

In

th

ou

sa

nd

su

bs

cri

be

rs

265 317 465 650 749 873 1.132 1.676 2.442 3.118 4.376

5.471 6.340 7.065 7.687 8.221 8.691 1% 1% 1% 2% 2% 3% 3%

5% 7%

9% 12%

14% 16%

18% 19% 20% 21%

-8% -6% -3% -1% 2% 5% 7% 10% 12% 15% 17% 20% 22%

0

2000

4000

6000

8000

10000

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014E 2015E 2016E 2017E 2018E 2019E 2020E

SUBS %Pen/TVHH

Asia Pacific’s Average Pay TV Monthly ARPU (2012) Asia Pacific’s Pay TV subscribers (2013)

54,1

33,6 30,0

18,8 16,1

12,5 8.0 8,0

4,6 4,2 3,4

-

10,0

20,0

30,0

40,0

50,0

60,0

Well-positioned in a Conducive Growth Environment

29 610

3.265

1.571

44 894

2.808

477 827

5.989

3.330 785

1.089

5.149 305

1.523 33

536

1.194

880

131

122

1.385

5

398

Taiwan Vietnam Malaysia Australia HK Thailand Indonesia PHP NZ Singapore

IPTV

Cable

Satellite

28% 24%

20% 20% 18% 18%

13%

6%

3% 1%

0%

5%

10%

15%

20%

25%

30%

Indonesia Thailand China India China PHP Korea Malaysia Singapore HK

Indonesia has the lowest pay TV penetration rate of TV household in the Asia Pacific (2013)

Indonesia has the highest projected pay TV subscriber growth in the Asia Pacific (CAGR 2012-2016E)


Indonesia’s Pay TV Market Has Huge Potential

100%

86% 80%

66%

51% 49%

28%

11% 9%

0%

20%

40%

60%

80%

100%

120%

Korea Hongkong India Singapore Malaysia China Thailand Philippines Indonesia

Strong Market Position with Superior Content Capabilities

21

Company Milestones Total subscribers (in thousands)

December 2014

Total subscribers = 2.53 million

2011:

MPEG 4 rollout

2009:

Launched of Indostar II satellite; migrated subscribers

to Galaxy and Venus packages

2001:

Acquired 51% of Indovision and became major owner.

Less than 30k subscribers

2008:

Introduced Top TV to target low/middle class

Opened sales and services offices in 43 cities

July 2012:

IPO @ Rp 1,520/shr

2006:

Name change to MNC Skyvision

2007:

Introduction of set top box subsidy

9 28 30

56 109 192

306

479

604

805

1,163

1,720

2,300

2,528

0

500

1000

1500

2000

2500

3000

Increase Subscriber:

Introduce MVNO franchise system, New sales offices

Minimize Churn:

Restructured sales incentive system, Faster response. Better customer service, Member get member

program

Increase ARPU:

Launched OTT Indovision Anywhere, Upselling Channel Packages

Key Initiatives

Our PayTV 3 Most Important Competitive Advantages

144 channels with 36 exclusive channels; 19 MNC branded channels

The only provider that owns satellite with S-band technology

Has 100 branches across Indonesia

22

Source: AGB Nielsen Report Top 20 Channels YTD March 2015 NO. CHANNEL 11 FOX MOVIES PREMIUM 12 MNC COMEDY

13 MNC KIDS 14 MNC SPORTS 1

15 AXN

16 FOX CRIME 17 MNC NEWS

18 MNC MOVIE 19 LIFE

20 MNC ENTERTAINMENT

NO. CHANNEL 1 CARTOON NETWORK

2 MNC SPORTS 2

3 CBEEBIES

4 DISNEY CHANNEL

5 DISNEY XD

6 DISNEY JUNIOR

7 S-ONE

8 MNC SHOP

9 MNC INFOTAINMENT

10 MNC MUSLIM

I-NEWSTV was launched on April 6th 2015.

• The focus will be 24 hours news, entertainment and sports

REGIONAL TV NETWORK

23

Payakumbuh

Lubuk Linggau Masohi

■

Biak

Nabire

Singaraja

Jakarta

■ ■

Sumenep ■ ■ ■

Bojonegoro

Kediri Madiun

■

■ ■ ■

■ ■ Jambi

Medan

Batam

Padang

Lampung

Palembang

Surabaya

Bali

Pontianak

Makassar

Bandung

Purwokerto Magelang

Semarang

Tasikmalaya

Samarinda

Pleihari Kendari

Gorontalo

Kupang

Mataram

Cirebon

Palu Ternate

Ambon

Manokwari ■ Pekanbaru

Banda Aceh

Bengkulu Palangkaraya

Manado

Sabang

Lhokseumawe

Pematang Siantar

Bukit Tinggi

Pangkal Pinang Mamuju

Tarakan

Merauke

■ Tenggarong

Total : 51 Stations Nationwide

PLAYMEDIA – FIBER TO THE HOME TECHNOLOGY

24

600,000 homes pass under construction in 7 Big Cities

(Jakarta, Surabaya, Semarang, Bandung, Malang, Medan and Bogor)

Speed – Ultra Speed Internet up to 200 Mbps equal for both upload and download

Reliability – Stable Connection supported by Fiber To The Home Network

Content – Offers 144 pay-TV channels including 36 exclusive channels; 20 of which are MNC branded channels

Features – Unique Interactive Features such TV on Demand, Catch-up TV, and Network Personal Video Recording (NPVR)

Play Media to be a disruptive force – Existing competitors cant match these offerings

ONLINE MEDIA – EXCITING OPPORTUNITIES

25

Letang (www.joymeng.com) a fast growing mobile games company in China. It’s latest casual mobile games Bonnie Bear has achieved more than 240m downloads in since its launch early 2014 and its 2nd game Armour Heroes has received more than 20m download since launched last Sept.

We Chat is a social media platform that supports sending voice, video, photo and text messages. We Chat Indonesia currently is installed in over 50% of all smartphones in Indonesia.

Okezone.com is an online portal of news and entertainment focusing on Indonesian readers both in the homeland and those living abroad. Currently www.okezone.com receives around 2 mio unique daily visitors.

MNC Shop, Joint Venture with GS Home Shopping No.1 Home Shopping Channels. The first 24 hours integrated TV and online shopping service in Indonesia.

Very Excited About China Mobile Games

26

Boonie Bear and Armor Heroes achieved more than 300 million download since early 2014

Letang Games revenue 1Q2015 achieved $21Mio, YoY Growth of 126%

Letang Games are planning an IPO with estimated valuation of $1 billion

Fu Mu Bang, parenting activities application with high growth momentum have over 1 million subscribers as of Q12015

Fu Mu Bang is currently raising fund of $15 million with Company valuation of $93 million to $142 million

Bonnie Bears Armor Heroes Fu Mu Bang App

27

New buildings to integrate 3 TV stations

MNC TV RCTI MNC News Center Global TV

Financial Services INTEGRATED FINANCIAL SOLUTIONS

Section 3

28

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

29

INSURANCE INDUSTRY

30

Still Low Penetrations Rates for Life and Non Life Insurance w/ High Growth Prospects

Penetration of Life Insurance in 2014 Premium percentage of GDP Penetration of General Insurance in 2014 percentage of GDP

2010 2011 2012 2020

US$ 7.8 bn US$9.8 bn

US$11.8 bn

US$29.6 bn

26%

20%

CAGR 12%

2010 2011 2012 2020

US$3 bn US$3.9 bn

US$4.5 bn

US$12.3 bn

30%

15%

CAGR 13%

Life Insurance Premiums Projection for Indonesia Non Life Insurance Premiums Projection for Indonesia

Taiw

an

Ho

ng

Ko

ng

Jap

an

Ko

rea

Sin

gap

ore

Ind

ia

Mal

aysi

a

Thai

lan

d

Ind

on

esia

Ph

illip

ines

15%

11% 9.2%

7%

4.4% 3.2% 3.1% 3%

1.3% 0.9%

Ko

rea

Taiw

an

Jap

an

Mal

aysi

a

Thai

lan

d

Sin

gap

ore

Ho

ng

Ko

ng

Ind

ia

Ind

on

esia

Ph

illip

ines

5.3%

3.2%

2.3% 2.1% 2.1% 1.6%

1.4% 0.8%

0.5% 0.5%

Source: Swiss Re, Indonesia Life Insurance Association

Source: Swiss Re, Indonesia Life Insurance Association

INSURANCE INDUSTRY

31

Past Acquisitions In The Life Insurance Industry

Source: Various Media Reports

32

FINANCING & LEASING INDUSTRY Strong Growths in Consumer Financing & Leasing

Total Financing in the Consumer Finance Industry Total Financing in the Finance Leasing Industry

Source: Indonesia Financial Services Authority Source: Indonesia Financial Services Authority

Multi-Finance Companies Affiliated With Banks & Authorized Motor Vehicle Manufacturers (as of 31st December 2013)

34

BANKING INDUSTRY Overview of the Banking Industry Net Profit, Credit Card Issuance,Penetration

Net Profit of the Banking Industry 2012 & 2013 Number of Issued Credit Cards

Value of Credit Card Transactions

Only 22 issuers of

credit cards from

Financial

Institutions

Indonesia’s credit card

penetration was

estimated at below

15% vs Malaysia &

Singapore at above

25%

Mixed Foreign State Owned General

2012

2013

Rp3.5 tn Rp4.5 tn Rp5.1 tn Rp6.1 tn

Rp40.8 tn

Rp45.7 tn

Rp92.8 tn

Rp106.7 tn

32%

19%

12%

15%

Source: Indonesia Credit Card Association

35

18%

SECURITIES & CAPITAL MARKET INDUSTRY A Market With Low Penetrations With One of the Best Performing Stock Market in the World

Cumulative Returns of Stock Markets: 2009 to 2013 Number of Listed Companies on the Stock Exchange &

Population 2013

5.3 mn

237.4 mn

66.7 mn

23.3 mn

94.3 mn

30.2 mn

89.6 mn

7.2 mn

126.6 mn

780

490

581

800

256

907

94

1.602

3.431

-

500

1.000

1.500

2.000

2.500

3.000

3.500

4.000

-

50.000.000

100.000.000

150.000.000

200.000.000

250.000.000

Sin

gap

ore

Ind

on

esia

Thai

lan

d

Taiw

an

Ph

ilip

pin

es

Mal

aysi

a

Vie

tnam

Ho

ngk

on

g

Jap

an

Population (M) No. of Listed Co.

223%

178%

121%

95% 82%

76%

62%

43%

9% -5%

Ph

ilip

ines

Ind

on

esia

Mal

aysi

a

Sin

gap

ore

Ind

ia

Ho

ng

Ko

ng

Ru

ssia

Sou

th K

ore

a

Bra

zil

Ch

ina

36

MUTUAL FUNDS & INVESTMENT BANKING INDUSTRY A Growing AUM with Low Penetration Rate

AUM of Mutual Funds in Indonesia (in Rp trillion) Breakdown of Mutual Funds by NAV & by Investment Strategy

2008 2009 2010 2011 2012 2013 2014

Rp74 tn

Rp112 tn

Rp145 tn

Rp167 tn

Rp187 tn Rp193 tn

51%

29%

15%

12%

3% Rp224 tn 16%

44%

9% 9%

14%

18%

5%

Equity

Money Market

Combination

Fixed Income

Protected

Sharia

Source: Infovesta, As of 31st December 2014

37

Synergies

Strong exposure for promotions of products & services Capitalizing on MNC Sky Vision’s 2.6 million subscribers

and increasing by 600,000 per year as well as the client data base from MNC Shop, play media and WeChat.

Benefitting from the expansions of MNC Land.

Properties GROWING BIGGER & STRONGER

Section 4

38

Core Businesses

A proven track record in managing various category of investment properties. Next, the Company is focusing on developing the following segments :

39

LIFESTYLE & ENTERTAINMENT PROPERTY DEVELOPMENT

• Lido Integrated Resort & Theme Park

GENERAL DEVELOPMENT

RESORTS DEVELOPMENT

• Bali Nirwana Resort

• The Westin Resort & Convention Center

• Property Development

• Property Management

• Office Buildings

• Upscale Hotels

• High-rise Residential

• High-end Retail Malls

1

2

3

• Mandalika Resort

MNC Tower The Plaza Grand Hyatt Hotel One East Residences Westin Hotel, Bali

40

Corporate Structure

Nirwana Bali Resort, Golf &

Villa

PT Global Jasa Sejahtera

100%

MNC Financial Center

Sindo Building

PT Lido Nirwana Parahyangan

100%

Lido Lakes Hotel & Resort

MNC Plaza

MNC Tower

High End

The Westin Resort

Nusadua, Bali

Wisma Indovision II

Keraton At The Plaza

MNC Tower Surabaya

PT Bali Nirwana Resort

100%

PT GLD Property 100%

PT Plaza Indonesia Realty Tbk

25.71%

PT Investasi Karya Gemilang

100%

PT Swarna Citra Sentosa

100%

PT Investasi Hasil Sejahtera

100%

One East Residences, Oakwood

PT Nusadua Graha International

39.35%

Indovision Building, Bali

fX Sudirman

Plaza Indonesia

Grand Hyatt Hotel

The Plaza

MNC Media Tower/

Park Hyatt Hotel

9.2%

5,8% 5,4% 5,0% 4,7% 3,9%

1,8%

China Indonesia Vietnam India Malaysia Singapore Thailand

Source : Indonesia Bureau of Statistics 2012

3%

29%

26%

29%

13%

“Indonesia has one of the fastest growing population in the world with one of the highest projected GDP growth”

Population (2013)

Source: World Bank indicators, GDP Growth Rate

0-14 15-29 30-49 50-69

Source : Indonesian Financial Statistics 1Q 2015, Bank Indonesia

Source: World Bank indicators, Population

70+

A Young Population : 80% - Below 50 yr

GDP Growth (2013)

1.357 1.252

250 98 67 30 23 5

41

Well Positioned in a Conducive Growth Environment

Property Credits Distribution (Q1 2015)

42

Jakarta Property Outlook – CBD Office

CBD Cumulative Supply

No of Space Absorbed and Occupancy in the CBD

Source: Colliers International, Jakarta Property Market Report 1Q 2015

Lease Office

Total Supply 4.78 million sqm

Occupancy Level 93.6%

Asking Base Rent IDR 257,543/sqm/mo. ( 4.1% YoY)

Average Service Charge

IDR 92,173/sqm/mo.

Strata-title Office

Total Supply 986,767 sqm

Take-up Rate 97.6%

Average Selling Price IDR 46.9 million/sqm

43

Jakarta Property Outlook – Hotel & Retail

Source: Cushman & Wakefield, Marketbeat Jakarta Retail Snapshot 1Q 2015

Retail Supply by District

Upscale Hotel Trading Performance

Source: Jones Lang Lasalle, Asia Pacific Property Digest 4Q 2014

Retail

Total Supply 3.98 million sqm

Total Demand 3.41 million sqm


Average Base Rent (Prime Area, GF)

IDR 687,600/sqm/mo.

Base Rent Growth 4.0% YoY

Average Service Charge IDR 132,900/sqm/mo.

Service Charge Growth 8.6% YoY

Hotel

Total Supply 32,372 rooms


Average Daily Rate USD 176 ( 11.6% YoY)

RevPar USD 115 ( 8.8% YoY)

Surabaya Property Outlook – Apartment

44

Demand and Occupancy Rate

The Distribution of Apartment Units in Surabaya

Source: Colliers International, Surabaya Office Research and Forecast Report 4Q 2014

Source: Colliers International, Surabaya Apartment Research and Forecast Report 4Q 2014

Lease Office

Total Supply 290,598 sqm ( 5.0% YoY)


Asking Base Rent IDR 91,366/sqm/mo. ( 14.0% YoY)

Average Service Charge IDR 66,827/sqm/mo. ( 23.2% YoY)

Lease Apartment

Total Supply 591 units

Occupancy Level 80%

Asking Rental Rate IDR 199,789/sqm/mo. ( 18.7% YoY)

Apartment Strata-title

Total Supply 18,153 units

Take-up Rate 82.8%

Average Asking Price IDR 17.9 million/sqm

Key Project Highlights

45

LIFESTYLE & ENTERTAINMENT PROPERTY DEVELOPMENT

• LIDO, BOGOR + SUKABUMI up to + 2,000 Ha

RESORTS DEVELOPMENT

• THE WESTIN RESORT & CONVENTION CENTER, BALI 9 Ha

• BALI NIRWANA RESORT 103 Ha

• MANDALIKA RESORT, LOMBOK up to + 750 Ha

46

Lifestyle & Entertainment Property Development

LIDO INTEGRATED RESORT AND THEME PARK

An international quality entertainment and nature based mountain resort offering an unparalleled mix of state of the art Theme Park attractions set within the lush tropical forests of the mountains of West Java

Strategically located in Lido (Bogor), Lido Lakes Resort is currently accessible

through Jagorawi Toll Road and national road as well as by train. A direct toll road

connecting Jagorawi Toll Road to Lido Resort is under construction and expected to

be operational in 2016.

Total land area under possession is 1,800 Ha and planning to expand up to 2,000 Ha.

Existing properties :

Lido Lakes Resort & Conference, a four star resort consists of 105 rooms, tennis

courts and numerous outdoor activities.

18-hole Signature Golf Course designed by Ross Watson.

Huge potential upside on land price showed by the Land ASP of other developments

one hour outside Jakarta:

Location Price/sqm (USD)

• Rancamaya 500 – 700

• Summarecon Bekasi 1,000 – 1,300

• BSD 1,000 – 1,400

• Alam Sutera 1,200 – 1,600

• Summarecon Serpong 1,200 – 1,600

47

LOCATION MAP Lido Integrated Resort and Theme Park

Lido Integrated Resort & Theme Park is located 65 Km away from Jakarta. The site can be reached through Jagorawi Toll Road and through MNC Infrastructure proposed 14 Km Toll Road Ciawi - Sukabumi

Main City Boundary Secondary City Boundary City Center

Toll Road Network

Inter-City Road Network

Proposed Toll Road Network

Main Road

Travel Time by Vehicle

Railway

Project Site


48

MASTER PLAN Lido Integrated Resort and Theme Park


Appointed WATG as the Master Plan Consultant WATG is a Hawaii-based Master Planner. Over the course of six

decades, WATG has become the world’s leading design consultant for the hospitality, leisure, and entertainment industries.

The whole 2,000 Ha masterplan is divided into following zones

: 1. Entertainment City ( Theme Park) 2. Luxorious High End Resort 3. Wellness Valley 4. Edu City 5. Eco Park 6. Agri Tourism 7. New Town

With ‘Destination’ as a vision in mind, Lido Resort will become

the most integrated entertainment centered and luxurious high-end resort developments in Indonesia.

The first phase of development consists of : 1. Entertainment City (Theme Park) 2. Luxorious High-End Resort

49

Lido Integrated Resort and Theme Park


FIRST PHASE DEVELOPMENT

FIRST PHASE DEVELOPMENT – ENTERTAINMENT CITY

Entertainment City

Total land area : 425 Ha The development in this zone will include both attractions and

accomodations, as follows : 1. Theme Parks 2. Themed Resort Hotel 3. Mediapolis 4. Botanical Garden 5. Aqua Park 6. Cultural Village 7. Retail

The size of Entertainment City covers approximately 21% of the

total 2,000 Ha masterplan, thus the development will be carried out in stages. Under phase 1, approximately 60 Ha will be dedicated for theme park and its supporting facilities.

50

FIRST PHASE DEVELOPMENT

Lido Integrated Resort and Theme Park


Theme Park

Total area of 75 Ha are dedicated for Theme Park under the first phase development which will include: Theme Park Retail, dining and entertainment area Family themed hotel

A Hollywood based theme park consultant has been

appointed to design the park with 180 artists to create exclusively for the park with an Indonesian based legend and Hollywood story style.

Targeted visitors: domestic and regional visitors with middle

to upper spending level capability.

51

FIRST PHASE DEVELOPMENTS Lido Integrated Resort and Theme Park


FIRST PHASE DEVELOPMENT – WORLD CLASS HIGH END DEVELOPMENTS

Project Land Area

Description Construction

Start

18-Hole Golf Course 92 Ha 18-hole world class signature golf course designed to be suitable for a PGA tournament

3Q 2014

Country Club 8.7 Ha

An exclusive country club with round-the-clock concierge services and the facilities to host exclusive events

2Q 2016

High-end Villas 22.3 Ha 200 units of villas with an average land size of 750 sqm

2Q 2016

6-Star Hotel 6.5 Ha

200 luxurious guest rooms, meeting & banquet facility, restaurants and bar, fitness center, family recreational center

2Q 2016

All luxurious high-end resort components will be managed by a world renowned operator based in New York, USA

52

Resorts Development

BALI NIRWANA RESORT Located in Tanah Lot, Tabanan Region with a total area of 103 Ha, Bali

Nirwana Resort is one of the largest integrated resort development in Bali and located only 45 minutes from Bali’s International Airport.

Existing properties :

Nirwana Bali Resort, a five star resort, managed by Pan Pacific.

278 rooms – deluxe, executive suites, villas, presidential suite Dining and entertainment Recreational facilities and spa Meeting and banquet facilities

18-hole Signature Golf Course designed by Greg Norman. Named one of the best golf courses in Asia Pacific and ranked #52 in the world according to Golf Digest, Nirwana Bali Golf Course offers an 18-hole 72-par course with spectacular views of Indian Ocean, rice terraces, and plateau.

In the process of redesigning the whole master plan to include: World Class Hotel Luxurious Villa, and Holiday Apartment Commercial Component Recreational Component World Class Entertainment

53

MASTER PLAN Bali Nirwana Resort

Resorts Development

Hotels Grand Rooms; Meeting and Banguent Facility; International Restaurants; Bar; Fitness Centre; and Family Recreation Center. Residential For Sale Resort Condominiums and World Class Luxurious Villa and Apartment holiday with minimum 200 units. Commercial Component Restaurant and Lounge comprising of Beach Clubs; Retail Market; Cliff Lounge and Pool; Village Restaurant and Night Market. Recretional Component Wellness Medical Spa and Related Amenities. Entertainment Component Luxurious Amphitheater to host international entertainment events and Outdoor Entertaiment; with overall luxury level of the property.

54

Resorts Development

MANDALIKA RESORT Blessed with pristine nature and a well-preserved Natural Heritage, Mandalika Resort will be one of the most prestigious and high-end integrated resorts in Asia. Located in the southern part of Lombok Island, West Nusa

Tenggara.

Part of the newly proposed Special Economic Zones (KEK).

Signed MOU with Bali Tourism Development Corporation (BTDC)

in October 2011.

Total land concession up to 750 Ha, and up to 320 Ha will be

developed in phase 1.

Planning to provide facilities for MICE, Active Waterfront

activities, cultural festivals.

THE WESTIN RESORT & CONVENTION CENTER

The Westin Resort & Convention Center is located in BTDC Complex, Nusa Dua, one of Bali’s premiere luxury resort hotel and conference facilities complex.

Host to international events including Miss World 2013 and APEC CEO Summit Indonesia 2013.

Completed the constructions of additional hotel rooms in 2013, thereby bringing the total number of rooms in operations to 433 rooms.

The Convention Center facilitates up to 26 meeting rooms with 2,700 sqm exhibition space and 2,500 seaters ballroom.

The growth of tourism in Bali is proven by increasing foreign tourists arrival of approximately 15% YoY and reached 3.8 million visitors in 2014.

As of YTD December 2014, occupancy rate reached 79% with guest profile consists of 24% business travelers and 76% leisure.

An exceptionally lavish 5-star resort nestled on a white sandy beach on Bali’s southern coast.

Existing Resort

55

General Development – Ongoing

56

Cost IDR 154Bn IDR 1.29T IDR 658Bn

Architect Kind Wastu Airmas Asri

Land Area 1,424 sqm 101,222 sqm 5,837 sqm

Building Area 12,039 sqm 108,229 sqm 58,507 sqm

Storey 12 stories 18 stories (Global TV)

14 stories (RCTI) 18 stories (MNC TV)

16 stories

Start Date 2013 2011 2011

Completion 2Q 2015 3Q 2015 3Q 2015

Status Construction Construction Construction

The head office and studio for 3 main tv stations owned by MNC : RCTI, Global TV, and MNC TV

3TV Office & Studio West Jakarta

A premium studio and office building to cater the media business of the group

MNC News Center Central Jakarta MNC Tower Surabaya

The base of all MNC business units in the capital of East Java and leased out

commercially

MNC Media Tower Park Hyatt Hotel

Central Jakarta

One East Residences Oakwood Serviced Apartment

One Avenue Retail Arcade Surabaya

Cost IDR 660Bn IDR 2.35T

Architect Airmas Asri Aedas

Land Area 5,042 sqm 7,332 sqm

Building Area 76,415 sqm 102,165 sqm

Storey 33 stories

287 Strata Apt 144 Serviced Apt

39 stories

Start Date 2013 2013

Completion 3Q 2016 4Q 2017

Status Construction Construction

Targeted premium news companies, the tower will be the new landmark of the

city

The cutting edge of mixed-use development in Surabaya

General Development – Ongoing

57

58

MNC Tower & MNC Plaza MNC Financial Center The Plaza High End Building

Location Kebon Sirih,

Central Jakarta Kebon Sirih,

Central Jakarta CBD Jakarta

Kebon Sirih, Central Jakarta

Owner PT GLD Property PT MNC Land Tbk PT Plaza Indonesia Realty Tbk PT GLD Property

Land Area 17,850 sqm 4,222 sqm 6,803 sqm 4,062 sqm

Building Area 80,200 sqm 24,450 sqm 70,880 sqm 5,937 sqm

Storey

29 stories (MNC Tower)

2 stories (MNC Plaza)

22 stories 49 stories 5 stories

Occupancy 100% 100% 100% 99%

General Development – Existing (Office)

59

SINDO Building Wisma Indovision II Indovision Bali Building

Location KH Wahid Hasyim,

Central Jakarta Kebon Jeruk, West Jakarta

Diponegoro, Bali

Owner PT MNC Land Tbk PT MNC Land Tbk PT Investasi Karya Gemilang

Land Area 1,064 sqm 3,297 sqm 2,730 sqm

Building Area 5,127 sqm 10,669 sqm 5,057 sqm

Storey 8 stories 10 stories 4 stories

Occupancy 100% 100% 83%

General Development – Existing (Office)

60

General Development – Existing (Hotel)

Grand Hyatt Keraton

At The Plaza The Westin Resort & Convention Center

Pan Pacific Nirwana Bali Resort

Location CBD Jakarta CBD Jakarta Nusa Dua, Bali Tanah Lot, Bali

Owner PT Plaza Indonesia

Realty Tbk PT Plaza Indonesia

Realty Tbk PT Nusadua Graha

International PT Bali Nirwana Resort

Land Area 12,868 sqm 5,610 sqm 9.3 Ha 9.8 Ha

Capacity 428 rooms 140 rooms 433 rooms 278 rooms

Occupancy 66% 71% 79% 75%

Plaza Indonesia fX Sudirman

Location CBD Jakarta CBD Jakarta

Owner PT Plaza Indonesia Realty Tbk PT Plaza Indonesia Realty Tbk

Land Area 16,049 sqm 11,460 sqm

NLA 65,236 sqm 31,202 sqm

Storey 5 stories 9 stories

Occupancy 98% 92%

General Development – Existing (Retail)

61

Financial Performance MNC Investama Section 5A

(1Q2015 & 1Q2014 Unaudited) (FY2014 & FY2013 Audited)

62

2.068

567 761

2.594

602 840

2.806

652 945

3,203

643 970

Revenue Operating Income EBITDA

1Q2012

1Q2013

1Q2014

1Q2015

BHIT Segmental Overview 1Q2012 – 1Q2015

63

1Q2012 1Q2013 1Q2014 1Q2015

EBITDA Margin 37% 32% 34% 30%

1Q2012 to 1Q2015 Profit & Loss

1Q2012 to 1Q2015 Balance sheets

IDR billion

CAGR +16%

CAGR +4%

CAGR +8%

19.645

6.012

13.633

27.047

7.951

19.096

31.791

13.858 17.933

48.664

25.871 22.793

Total Assets Total Liabilities Total Equity

1Q2012

1Q2013

1Q2014

1Q2015

CAGR +35%

CAGR +63% CAGR +19%

IDR billion

BHIT Consolidated Profit & Loss – 1Q2015 & 1Q2014 (unaudited)

64

• Total revenues grew by 14.2% mainly driven by our strong growth in the media & financial services subsidiaries.

• EBITDA grew by 2.7% and we managed to maintain at 30% EBITDA Margin

• Net loss in 1Q2015 due to higher unrealized forex loss & increase in interest costs on holding Co level & media subsidiary

Revenues/Pendapatan Income from operations/Laba usaha Net Income/Laba bersih* EBITDA

1Q2014 2.805.677 652.086 385.434 944.597

1Q2015 3.202.846 642.884 (207.800) 970.076

(500.000)

-

500.000

1.000.000

1.500.000

2.000.000

2.500.000

3.000.000

3.500.000

In ID

R B

illio

n

Financial Performance for 1Q2015 and 1Q2014 (Unaudited) +14,2%

+2,7%

-1,4% -153,9%

*Attributable to owners of the company

in IDR Billion 1Q2015 1Q2014 ∆ %

Media 2,589 2,344 10.5%

Financial Institutions 327 218 49.6%

Others 287 243 18.0%

Total net revenues 3,203 2,806 14.2%

Income from operations 643 652 -1.4%

EBITDA 970 945 2.7%

Net income* (208) 385 -153.9%

BHIT Segmental Overview FY2011 - FY2014

65

FY2011 FY2012 FY2013 FY2014


7.713

1.940 2,654

9.787

2,739 3,555

11.532

3,068 4,118

12,433

2,960

4,353


2011

2012

2013

2014

FY2011 to FY2014 Profit & Loss

FY2011 to FY2014 Balance sheets

IDR billion

18.875

6.666 12.209

27.254

8.827

18.427

31.749

14.928 16.821

47.531

25.007 22.524


2011

2012

2013

2014

CAGR +36%

CAGR +55% CAGR +23%

CAGR +17%

CAGR +15%

CAGR +18%

BHIT Consolidated Profit & Loss – 2014 & 2013 (Audited)

66

• Total revenues grew by 7.8% mainly driven by our strong Media and financial services subsidiaries .

• Media Subsidiaries : content & advertising based media, Pay Tv, Online Media, & home shopping.

• Financial services subsidiaries : majority from MNC Finance & MNC Life.

• EBITDA grew by 5.7% and we managed to maintain 35% EBITDA Margin YoY

In Billion IDR FY2014 FY2013 ∆ %

Media 10,244 9,500 7.8%

Financial Institutions 996 748 33.2%

Others 1,193 1,284 -7.0%

Total net Revenues 12,433 11,532 7.8%

EBITDA 4,353 4,118 5.7%

Net Income * 195 (344) 156.6%

Revenues EBITDA Net income *

FY2013 11.532 4.118 (344)

FY2014 12.433 4.353 195

(2.000)

-

2.000

4.000

6.000

8.000

10.000

12.000

14.000

In ID

R B

illio

n

Financial Performance for FY2014 and FY2013 (Audited) +7.8%

+156.6%

+5.7%

*Attributable to owners of the company

67

BHIT Segmental Overview – Revenues Contribution, 1Q2015 & 1Q2014 - FY2014 & FY2013

Media 82,4%

Financial

institutions 8.0%

Others 9,6%

Media 82,4%

Financial institutions

6,5%

Others 11.1%

Revenue FY2013 Revenue FY2014

Revenue 1Q2014 Revenue 1Q2015

Media 80.8%

Financial

institutions 10.2%

Others 9.0%

Media 83.6%

Financial institutions

7.8%

Others 8.7%

Financial Performance MNC Media Section 5B


68

Consolidated Profit & Loss Statement

PT Global Mediacom Tbk 1Q2015 & 1Q2014

69

Total consolidated revenue increased by 9% for

1Q2015toRp2,657 billion from Rp2,433 billion 1Q2014. The

advertising and content revenue decreasedby 0.4%to

Rp1,453 billion from Rp1,459 billion last year. Subscriber

based media’s revenue grew by 7% YoY to Rp827billion from

Rp775billion; whereas online based media/games revenue

grew by 182% YoY to Rp310billion from Rp110 billion last

year.

The Company’s largest contributor to consolidated

revenue was advertising and content, which accounted for

55% of consolidated revenue.

1Q2015 core EBITDA increased by 3% to Rp871 billion from

Rp847 billion, this increased was mainly driven by higher

revenue. Core EBITDA margin slightly decreased by 200bps

to 33% from 35% last year. The decrease can be attributed to

the increase in operational expenses such as salary expenses

and professional fees.

The Company booked a net income of Rp90billion for

1Q2015, from Rp304billion YoY.The decrease in net income

was mainly due to higher unrealizedf oreign exchange loss

and increase in interest costs.

Cash on hand and equivalent by the end of 1Q2015, the

Company increased its cash and money market instruments

position to Rp1,909billion from same period last year

ofRp1,561 billion.

(In billion Rupiah) 1Q2015 1Q2014 %∆

Revenue

Contribution

Advertising and Content Based Media

1,453 1,459 0% 55%

Subscribers Based Media 827 775 7% 31%

Online Based Media 310 110 182% 12%

Others 67 89 -25% 3%

Total Revenue 2,657 2,433 9% 100%

Operating Expenses 2,099 1,873 12%

Income from Operation 558 560 0%

Net Income 90 304 -70%

EPS 6 23 -74%

Core EBITDA 871 847 3%

Core EBITDA Margin 33% 35% -6%

PT Media Nusantara Citra Tbk

Segmental Overview – 1Q2015 & 1Q2014

70

Total consolidated revenue increased by 1% in 1Q2015

to Rp1,514 billion from Rp1,496 billion in 1Q2014.

The largest contributor to consolidated revenue came

from advertising and content, which accounted for 99% of

total revenue.Advertising increased by 1% to Rp1,498

billion from Rp1,485 billion last year.

Direct cost decreased byRp3 billion in 1Q2015 to Rp719

billion from Rp722 billion in 1Q2014. The decrease was

due to a reduction of programming cost as more programs

were produced by in-house.

General and administrative expenses (G&A) increased

by 0.6% in 1Q2015 to Rp265 billion from Rp251 billion in

1Q2014.

Income from operations increased by 1% in 1Q2015 to

Rp531 billion from Rp524 billion in 1Q2014.

Core EBITDA increased by 1% to Rp571billion from Rp565

billion YoY. Meanwhile, core EBITDA margin was stable at

38%.

For 1Q2015, MNCN net income decreased by 27% to

Rp285 billion from Rp389 billion YoY. The decrease was

due to increases in interest expenses and unrealized loss

on foreign exchange.

(In billion Rupiah) 1Q2015 1Q2014 ∆ % Revenue

Contribution

Advertising and Content 1,498 1,485 1% 99%

Others 16 11 45% 1%

Total Revenues 1,514 1,496 1% 100%

Operating Expenses 983 973 1%

Income from Operations 531 524 1%

Net Income 285 389 -27%

EPS 20 28 -29%

Core EBITDA 571 565 1%

Core EBITDA margin 38% 38% 1%

PT MNC Sky Vision Tbk

Summary of Financial Performance 1Q2015 & 1Q2014

71

Revenue for 1Q2015 increased by 7% to Rp827 billion from

Rp775 billion last year. The slower growth in revenue was mainly

due to a soft purchasing power especially for non-primary needs.

EBITDA for 1Q2015 increased by 8% to Rp328.01 billion from

Rp303.29 billion on 1Q2014, with an EBITDA margin of 40%.

Net Income (Loss): The Company recorded a net loss of

Rp130.02 billion for 1Q2015, from 1Q 2014 net income of

Rp135.76 billion. The loss was due to the unrealized foreign

exchange loss.

Total subscribers as of March 2015 reached 2.53 million;

representing a 5.1% YoY increase from last year’s 2.41 million. The

soft growth in subscribers net add is due to weak consumer

spending across all industries. In addition, the Company continues

to clean up the non-paying subscribers. Churn rate was recorded

at 1.7% for 1Q2015. The Company’s ARPU was recorded at

Rp101,174 for 1Q2015.

During 1Q2015, MSKY expanded its channel portfolio with three

new channels: Fight Sports, Food Network and ISL. Fight Sports

channel is a dedicated for the broadcast of major martial arts

fighting events around the world. Food Network is a new addition

to MSKY’s lifestyle channels portfolio that explores culinary arts

around the world. ISM is a dedicated channel for the Indonesian

Soccer League’s avid fans. MSKY now airs 144 channels across

its platforms and the Company aims to add 3-5 more channels this

year. MSKY is maximizing its satellite capacity and plans to

complete its MPEG-2 to MPEG-4 migration by the end of 2015.

(In billion Rupiah) 1Q 2015 1Q 2014 ∆ %

Revenues 827 775 7%

Operating Expenses 773 708 9%

Income from Operation 54 67 -21%

Net Income (Loss) (130) 136 -196%

EBITDA 328 303 8%

EBITDA Margin 40% 39%

1Q 2015 1Q 2014 ∆ %

D&A 275 236 16%

Interest Expense (63) (44) -44%

Forex Gain (Loss) (164) 148 -210%

Total 48 340 -86%

Total Subscribers (in 000) 2,529 2,406 5%

PT Global Mediacom Tbk

Segmental overview, Revenues Contribution – FY2014 & FY2013

72


FY2014 FY2013

PT Global Mediacom Tbk

Segmental Overview – FY2011 – FY2014

73

FY2011 to FY2014 Financials

FY2011 to FY2014 Solvency Metrics

IDR trillion

CAGR +14%

CAGR +15%

CAGR +14%

22%

6.93

36%

24%

10.4

38%

32%

9.2

38%

45%

10.4

37%

2011

2012

2013

2014

7,16

15,11

10.82 8,93

19.99

14.30

10,02

21.07

13.35

10,66

25.37

15.87 2011

2012

2013

2014

Consolidated Profit & Loss Statement

PT Global Mediacom Tbk FY2014 & FY2013

74

The revenue increase was driven by

subscriber based media and online based

media/games. For FY2014 subscription

revenue grew by 9% to Rp3,277 billion from

Rp3,018 billion last year, whereas online based

media/games revenue grew by 115% to Rp621

billion compared to last year Rp289 billion.

Sales revenue from media shopping increased

by 25% to Rp106 billion from Rp85 billion last

year. Content and Channel revenue increased

by 15% to Rp195 billion from Rp170 billion last

year.

The Company’s net income for FY2014 is

Rp705 billion, increased by 14% from Rp620

billion YoY. The increase in net income was

mainly due to lower forex loss and decreasing

interest cost.

Cash on hand and equivalent: at the end of

FY2014, the Company lowered its cash and

money market instruments position to Rp1,485

billion from Rp1,530 billion at year end 2013.

(In billion Rupiah) 12M 2014 12M 2013 %∆ Revenue

Contribution 12M2014

Advertising Revenues 6,151 6,023 2% 58%

Subscribers Based Media 3,277 3,018 9% 31%

Online Based Media 621 289 115% 6%

Media Shopping 106 85 25% 1%

Content and Channel 195 170 15% 2%

Others 307 435 -29% 3%

Total Revenue 10,657 10,020 6% 100%


Income from Operation 2,677 2,857 -6%

Net Income 705 620 14%

EPS 52 45 16%

Core EBITDA 3,917 3,823 2%

Core EBITDA Margin 37% 38%

PT Media Nusantara Citra Tbk

Segmental Overview – FY2014 & FY2013

75

(In billion Rupiah) FY2014 FY2013 %∆ Revenue

Contribution

Advertising Revenues 5,922 5,715 4% 89%

Content 325 271 20% 5%

Others 418 536 -22% 6%

Total Revenues 6,666 6,522 2% 100%


Income from Operations 2,604 2,560 2%

Net Income 1,762 1,691 4%

EPS 126 121 4%

Core EBITDA 2,779 2,721 2%

Core EBITDA margin 42% 42% 0%

RCTI remain at the number 1 position and not

just focusing on the audience share but the total

revenue share that has generated an industry-

leading power ratio of 1.3x (revenue share

divided by audience share) and still designating

RCTI as the most preferred tv station for

advertisers.

RCTI was also by far the most profitable TV

station. The station generated Rp1,797 billion in

EBITDA in 2014. It also has the industry leading

EBITDA margins of 54%. RCTI EBITDA Margin

is 4% higher than the number 2 player.

FY2014 core EBITDA is Rp2,779 billion, an

increase of 2% from Rp2.721 billion YoY.

Moreover, core EBITDA margin stable at 42%,

despite muted revenue growth.

For FY2014, the Company’s net income is

Rp1,762 billion, an increase of 4% from Rp1,691

billion YoY.

EPS increased 4% to Rp126 from Rp121 in the

PT Media Nusantara Citra Tbk,

Segmental Overview FY2011 - FY2014

76

5.39

1.79

8.80

6.83 6.27

2.38

8.96 7.29

6.52

2.72

9.62 7.74

6.67

2.78

13.61

9.39

Revenue EBITDA Assets Equity

2011

2012

2013

2014

CAGR +16%

CAGR +11%

Source: Company Financials

FY2011 - FY2014 Financials

FY2011 - FY2014 Solvency Metrics

IDR trillion

12% 11.66X

33%

40%

51%

10%

55.83X

38% 43%

50%

7%

66.23X

42% 46%

52%

34%

47.73X 42%

48% 54%

Debt/Equity EBITDA/Interest EBITDA Margin 3 TV EBITDA Margin RCTI EBITDA Margin

2011

2012

2013

2014

CAGR +7%

CAGR +16%


Summary of Financial Performance FY 2014 & FY 2013

77

Total revenue FY2014 was Rp 3.28 trillion, an

increase of 9% from last year’s Rp 3.02 trillion.

The increase was driven by subscribers

growth of 10%.

MSKY’s total subscribers FY2014 reached

2.53 million, representing a 10% YoY increase

from 2.30 million as of FY2013. Overall, the

Company’s subscriber net adds averaged

20,000 subs/monthly, with avg monthly

churn rate at 1.36%. MSKY’s ARPU was

recorded at Rp 101,247 per end of 2014.

EBITDA in 2014 was at Rp 1.26 trillion, an

increase of 4% from Rp 1.21 trillion, with

EBITDA margin of 38%.

Net Income (Loss): The Company recorded

net loss of Rp 154 billion in 2014, an

improvement compared to the net loss of Rp

487 billion in 2013.

(In billion Rupiah) FY 2014 FY 2013 ∆%

Revenues 3,279 3,020 9%


Income from Operation 245 439 -44%

Net Income (Loss) (154) (487) 68%

EBITDA 1,258 1,214 4%

EBITDA Margin 38% 40%

FY 2014 FY 2013 ∆%

D&A 1,013 775 31%

Interest Expense (266) (394) 32%

Forex Gain (Loss) (168) (636) 74%

Total 578 (255) 327%

Total Subscribers (in 000) 2,529 2,300 10%


Financial Performance from FY2011 - FY2014

Source: Company Financials 78

1,74

0,73

3,45

0,96

2,39

1,00

4,94

2,26 3,02

1,21

5,94

1,75

3,28

1,26

5,88

1,59

Revenue EBITDA Assets Equity

2011

2012

2013

2014

CAGR +24%

CAGR +20%

CAGR +19%

CAGR +18%

FY2011 -FY2014 Financials

FY2011 - FY2014 Solvency Metrics

IDR trillion

2,31 1,75

3,55

42%

1,55

0,69

4,81

42%

2,34 1,63

5,51

40%

2,34 1,85

7,14

38%

Debt/EBITDA Debt/Equity EBITDA/Interest EBITDA Margin

2011

2012

2013

2014

Financial Performance MNC Kapital Section 5C


79

80

1Q2012 1Q2013 1Q2014 1Q2015


PT MNC Kapital Indonesia Tbk. BCAP Segmental Overview Performance 1Q2012 – 1Q2015

143

63 65

161

40 43

237

72 75

338

87 98


1Q2012

1Q2013

1Q2014

1Q2015

CAGR +15%

CAGR +33%

CAGR +11%

IDR billion

1.588 1.022 566 2.983 2.204

779

3.567 2.784 783

15.913

11.939

3.974


1Q2012

1Q2013

1Q2014

1Q2015

CAGR +116% CAGR +127%

CAGR +91%

IDR billion

81

Audited Consolidated Income Statements 1Q2015 &1Q2014 (unaudited)

PT MNC KAPITAL INDONESIA Tbk.

*) Attributable to owners of company

In Billion Rupiah Revenues grew by 43% to about Rp337.7

billion from Rp236.8 billion as of 1Q2014.

Approximately 30% of consolidated revenues

were generated from MNC Finance, 25% from

MNC Bank and 17% from MNC Life

Insurance, 13% from MNC Securities, 8%

from MNC Insurance, 4% from MNC Asset

Management, 2% from MNC Leasing while

MNC Kapital Indonesia as the Holding

Company contributed 1% to consolidated

revenues.

EBITDA as of 1Q2015 increased by 30% to

approximately Rp97.7 billion from Rp75.2

billion as of 1Q2014

EBITDA Margin as of 1Q2015 was 28.9%

As of 1Q2015, net income* grew by 128% to

Rp35.8 billion from Rp15.7 billion as of

1Q2014.

in IDR billion 1Q2015 1Q2014 ∆ %

Net premium income 72.8 74.2 -2%

Financing income and operating lease 80.1 75.6 6%

Interest & dividends 97.4 9.9 885%

Murabahah income 24.5 19.3 27%

Investment banking income (loss) 34.5 31.9 8%

Brokerage commissions 13.6 8.6 58%

Investment management fees 8.5 13.0 -34%

Al ijarah lease income - net 6.3 4.2 49%

Total net revenues

337.7 236.8 43%

EBITDA 97.7 75.2 30%

Net income* 35.8 15.7 128%

82

2011 2012 2013 2014


PT MNC Kapital Indonesia Tbk. BCAP Segmental Overview Performance 2011 - 2014

341

93 103

661

235 253

718

157 170

1.039

264 288


2011

2012

2013

2014

CAGR +41%

CAGR +45%

CAGR +42%

IDR billion

1.516 1.000 516

3.429 2.660 769

3.465 2.699 766

15.016

11.146

3.870


2011

2012

2013

2014

CAGR +115% CAGR +123%

CAGR +96%

IDR billion

83

Audited Consolidated Income Statements– Per FY2014 & FY2013 (Audited)

PT MNC KAPITAL INDONESIA Tbk.

*) Attributable to owners of company

In Billion Rupiah In IDR Billion FY2014 FY2013 % ∆

Net premium income

358.8

256.2

40%

financing and operating lease

318.8

269.7

18%

Interest and dividends

107.0

44.3

141%

Murabahah income

82.6

44.1

87%

Investment banking income (loss)

64.0

(39.5)

162%

Brokerage commissions

47.0

58.1

(19%)

Investment management fees

41.8

74.5

(44%)

Al - Ijarah lease income - net

19.0

10.0

89%

Total Revenues 1,039.9 717.6

45%

EBITDA 287.6 170.0

69%

*Net Income 25.2 5.6

346%

As of FY2014, net income grew by 346% to Rp25.2

billion from Rp5.6 billion as of FY2013.

Total consolidated revenues grew by 45% to about Rp1

trillion from Rp717.6 billion as of FY2013. Approximately

41% of consolidated revenues were generated from MNC

Finance, 27% from MNC Life and 12% from MNC

Insurance. MNC Bank contributed 7%, MNC Aset

Management contributed 4% while MNC Securities

contributed 3% to consolidated revenues.

EBITDA as of FY2014 increased by 69% to approximately

Rp287.6 billion from Rp170 billion as of FY2013.

EBITDA margin as of FY2014 improved to 27.7% from

23.7% as of FY2013.

Total assets as of FY2014 increased significantly by

333% to about Rp15 trillion from Rp3.5 trillion as of

FY2013.

Total equity grew by 405% as of FY2014 to become

Rp3.9 trillion from Rp765.9 billion as of FY2013;

84

BCAP Segmental Overview – Revenues Contribution, 1Q2015 & 1Q2014 - FY2014 & FY2013


Revenue 1Q2014 Revenue 1Q2015

REVENUES CONTRIBUTION

85

FY2014

MNC Kapital Indonesia (Holding)

MNC Life

MNC Insurance

MNC Finance

MNC Asset Management

MNC Securities

MNC Bank

6%

4%

7%

27%

12%

41%

3%

1Q2015

Financial Performance MNC Land Section 5D

(1Q2015 & 1Q2014 unaudited) (FY2014 & FY2013 Audited)

86

87 87

Financial Highlights 1Q2013 – 1Q2015

1Q2013 to 1Q2015 Unaudited Financials

(In IDR Billion)

88

28 15

186

58 49

268

111 130

Revenue EBITDA Net Profit

3M 2013 3M 2014 3M 2015

2.766

532

2.233

9.956

1.540

8.416

10.137

2.015

8.122


3M 2013 3M 2014 3M 2015

88

Financial Highlights 1Q2013 – 1Q2015

1Q2014 1Q2015 1Q2014 1Q2015

1Q2013 to 1Q2015 Solvency Metrics

Revenue Contribution by Sector EBITDA Comparison

54%

15% 4%

28%

Hotel, resort, golf

Offices

Security & other services

Apartment & other properties

30%

17% 2%

51%

Hotel, resort, golf

Offices

Security & other services

Apartment & other properties

80%

16%

4%

21%

77%

2%

485%

24% 32%

608%

18% 31%

692%

25% 41%

EBITDA/Interest Debt/Equity EBITDA Margin

1Q2013 1Q2014 1Q2015

89

Financial Highlights FY2012 – FY2014

FY 2012 to FY 2014 Audited Financials

(In IDR Billion)

409

108 158

588

104 191 207

350

Revenue Operating Profit EBITDA

2012 2013 2014

1.013

2.729

517

2.212

7.361

1.264

6.097

9.965

1.946

8.019


2012 2013 2014

90

Financial Highlights FY2012 – FY2014

FY2012 to FY2014 Solvency Metrics

Revenue Contribution by Sector EBITDA Comparison

813%

23% 39%

620%

21% 33%

576%

24% 35%

EBITDA/Interest Debt/Equity EBITDA Margin

2012 2013 2014

91

Financial Performance Summary

* Net Profit attributable to owners of the Company

In IDR Billion 1Q2015 1Q2014 YoY Growth 2014 2013 YoY Growth

Revenues 268 186 44% 1,013 588 72%

Hotel, resort and golf 144 148 -3% 663 440 51%

Office space rental 40 29 36% 128 118 8%

Security and other services 10 8 21% 35 30 18%

Apartment & other properties 75 - - 187 - -

Gross Profit 140 87 60% 483 260 85%

Operating Profit 72 28 156% 207 104 99%

EBITDA 111 58 93% 350 191 83%

Net Income* 130 49 162% 387 278 39%

Total Assets 10,137 9,956 2% 9,965 7,361 35%

Total Liabilities 2,015 1,540 31% 1,946 1,264 54%

Total Equity 8,122 8,416 -3% 8,019 6,097 32%

Gross Profit Margin 52% 47% 48% 44%


Net Profit Margin 48% 27% 38% 47%

Debt to Equity 25% 18% 24% 21%

PT MNC Investama Tbk MNC Tower21st Floor

Jl Kebon Sirih No 17-19 Jakarta 10340, Indonesia

Tel: 62-21 3922949 Fax: 62-21 3910454

For further information, please contact Investor Relations Division:

Robert Satrya – SVP, Group Head Investor Relations

[email protected]

Investor Relations :

Ezra Saleh

[email protected]

Investor Relations Division

Email : [email protected]

Website : www.mnc-corporation.com

mailto:[email protected]









http://www.mnc-corporation.com/



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