PT Media Nusantara Citra

Corporate UpdateOctober 2018

Listed and traded on the Indonesia Stock Exchange

STOCK CODE: MNCN

Disclaimer

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Corporate StructureSection 1

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The Largest Fully Integrated Media Company in Southeast Asia

RADIO

PRINT

SUPPORTINGCONTENTFREE-TO-AIR TV

ENTERTAINMENT

INFORMATION & SPORTS

Entertainment FTA focusing on family audience

Largest news TV and

programs (providing news

programs to the Group’s 3

entertainment FTA)

PAY-TV CHANNELSCONTENT LIBRARYTALENT / EVENTMANAGEMENT

Content librarycontains more than300,000 hours andincreasing by morethan 15,000 - 20,000hours per year

PRODUCTION

The Largest Content Producer

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CONTENT

• 80% of our contents are local with more than 90% produced in-house

• Gradually reducing foreign content, due to low margin and high cost

• Targeting to increase local content to approximately 100% in 2018, which will lead to a decrease in programming

cost and higher EBITDA Margin

PRODUCTIONCONTENT LIBRARY Pay TV Channel

Drama, Talent Search, Animation, Sitcom, Movie

The Largest and Leading Audience Share

Content is the only way to capture audience share

and monetize advertising dollars

Indonesians love dramas and we broadcast many of

the top drama series

We have licensed popular International programs

such as Master Chef, Indonesian Idol and X Factor

More than 300,000 hours of content library and

increasing by more than 15,000 – 20,000 hours

annually

We also have 20 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

6Source: Nielsen Prime-Time Upp-Midd 15+ Audience Share

Sep-18

Share

RCTI ABC 20,9

MNCTV ABCD 7,9

GTV ABC 5,5

INEWS ABC 1,2

SCTV ABCD 16,8

ANTV ABC 10,3

IVM ABCD 16,3

TRANS7 ABC 7,7

TVONE ABC 3,7

TRANS ABC 6,6

METRO AB 1,9

StationTarget

Audienc

e

Prime-time Nielsen TV Audience Share

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The Best Talent Search Format Lineup

Indonesian Idol - 9h season and running,

X-Factor Indonesia - 2nd season and running,

Rising Star Indonesia - The 2nd Season, and running

MasterChef Indonesia – 4th season and running

The Voice Indonesia – 1st season and runningOur talent search programs are 3x more profitable than competing “In-house” dangdut singing competition

MNCN Dominates Top 20 Drama Series as of August 2018

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• Dunia Terbalik and Cinta Yang Hilang Continue to go head to head for the #1 position

• 8 Out of the top 20 drama series are from MNCN

Source: Nielsen, UP-MID, 15+

NO PROGRAMS CHANNEL TYPE TVR SHARE

1 CINTA YANG HILANG RCTI Series 4.4 17.5

2 DUNIA TERBALIK RCTI Series 4.2 20.5

3 ANAK LANGIT SCTV Series 3.4 13.7

4 ORANG KETIGA SCTV Series 3.2 18.2

5 TOP TUKANG OJEK PENGKOLAN RCTI Series 2.7 15.2

6 SIAPA TAKUT JATUH CINTA SCTV Series 2.6 11.0

7 KUN FAYAKUN ANTV Series 2.4 10.7

8 INDRA KETUJUH ANTV Series 2.3 10.1

9 JODOH ANTV Series 2.1 8.2

10 KARMA THE SERIES ANTV Series 1.9 9.5

11 SI DOEL ANAK SEKOLAHAN 6(R) RCTI Series 1.7 14.0

12 SI DOEL ANAK GEDONGAN(R) RCTI Series 1.7 13.5

13 MALAIKAT CINTA SCTV Series 1.7 10.5

14 SI DOEL ANAK SEKOLAHAN(R) RCTI Series 1.7 13.2

15 PREMAN PENSIUN(R) RCTI Series 1.7 14.0

16 SEMUA INDAH KARENA CINTA RCTI Series 1.6 15.1

17 GANJARAN HIDUP(R) ANTV Series 1.6 10.4

18 GANJARAN HIDUP ANTV Series 1.5 10.1

19 INDRA KETUJUH(R) ANTV Series 1.5 8.8

20 TENDANGAN GARUDA MNCTV Series 1.4 5.7

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MNC Integrated Studios Facilities

Revenue StreamsSection 2

TV Advertising Revenue

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Traditional TVC Commercial (15”

and 30” ) during commercial

break

Virtual ads

Built-in sponsorship and off air

events

Build-In AdvertisingTraditional TVC

Advertising Revenue Stream

Virtual Advertising on Drama Series (TOP) Virtual Advertising on Variety Shows (Dashyat)

Digital Mobile/ Online Advertising Revenue

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Content Revenue

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Pay TV

OTTProduced for

All the local content is sourced from the Group/s content library and

produced in house

Library is monetized by selling to FTA, Pay-TV, and OTT in both Indonesia

and Overseas

Revenue is generated from advertising and subscription

Indonesia and overseas

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Content Revenue (Including Digital Content)

Content business is growing, content revenue is derived not only from FTA, but also

from digital platforms in Indonesia and overseas

More than 300.000 hours of content library to sell

Financial UpdatesSection 3

MNCN FS H1-2018 VS H1-2017MNCN Recorded 42% Content Revenue Growth

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Income Statements Variance

In IDR mio H1-2018 H1-2017 YoY

Revenues 3.689.544 3.625.492 2%

Advertisement 3.543.610 3.401.858 4%

Content 760.903 534.771 42%

Others 165.650 237.363 -30%

Gross 4.470.163 4.173.992 7%

(elimination) (780.619) (548.500) 42%

Net 3.689.544 3.625.492 2%

Direct Cost *) 1.396.110 1.417.586 -2%

Depr & amort in Direct Cost 93.735 93.586 0%

Gross profit 2.199.699 2.114.320 4%

Gross profit margin 60% 58% 2%

General & Administrative expense 744.825 736.732 1%

Depreciation and amortization 137.425 130.420 5%

EBITDA 1.548.609 1.471.174 5%

EBITDA Margin 42% 41% 3%

Net Income Attributable to Parent 636.475 775.051 -18%

Net income margin 17% 21% -19%

Non-Cash Expenses (non-recurring) H1-2018 H1-2017 Var. (%)

Net Income

Decrease in Forex Gain 253.997

Decrease in Other Income 41.465

Net Income (excl. non-cash exp) 931.937 775.051 20%

Actual

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Financial Performance from FY2013 until FY2016 (Audited)

Source: Company Financials

FY2013 to FY2016 Financials

FY2013 to FY2016 Solvency Metrics

IDR trillion

6,52

2,72

9,62

7,746,67

2,78

13,61

9,40

6,44

2,40

14,47

9,57

6,73

2,62

14,26

9,57

Revenue EBITDA Assets Equity

2013

2014

2015

2016

24%

66x

42%45% 48x

42%

51%

12x

37%

51%

14x

39%

Debt/Equity EBITDA/Interest EBITDA Margin

2013

2014

2015

2016

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Strong Revenue Growth with Increasing EBITDA Margins

Room For Further Margins Improvement

Source : Company information

EBITDA margins (FY2012A – H1-2018; FY2020E)

38%

42%

37%

38%

40%

44%

41%

40%

44%

2012A 2013A 2014A 2015A 2016A 2017A H1-2017 H1-2018 2021E2012A 2013A 2014A 2015A 2016A 2017A H1-2017 H1-2018 2021E

For further information, please contact Investor Relations Division:

Tallytha Amandatallytha.amanda@mncgroup.com

Astrid Wienardiastrid.wienardi@mncgroup.com

PT Media Nusantara Citra TbkMNC Tower 29th Floor

Jl Kebon Sirih No.17-19Jakarta 10340, Indonesia

Tel: 62-21 3913338Fax: 62-21 3910454

Website: www.mnc.co.id