CORPORATE UPDATE. PT MNC Investama Tbk June Listed & traded on the Indonesia Stock Exchange (IDX) IDX Ticker Code: BHIT

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1 CORPORATE UPDATE PT MNC Investama Tbk June 2018 Listed & traded on the Indonesia Stock Exchange (IDX) IDX Ticker Code: BHIT

2 Disclaimer 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. 2

3 1. Corporate Overview 2. Media 3. Financial Services 4. Property 5. Financial Overview 3

4 BHIT Milestone PT Bhakti Investama ( BHIT ) established in Nov 1989 BHIT transferred securities business to Bhakti Capital Indonesia ( BCAP ) and Bhakti Asset Management Acquired Global Mediacom Securities business transferred to Bhakti Securities BCAP acquired UOB Life Sun Assurance ( MNC Life ) Global Mediacom increased its stake in MNC Sky Vision to 75.4% The Company entered into the energy and natural resources business MNC Sky Vision IPO Rebranding into PT MNC Kapital Indonesia BCAP acquired 39.5% PT Bank ICB Bumiputera Tbk ( PT Bank MNC Internasional TBK ) BCAP acquired PT Indo Finance Perkasa ( MNC Leasing ) MNC Play launched Inauguration of MNC Studios in Kebon Jeruk & inews Tower in Kebon Sirih Soft Launch of MeTube.id Refinancing of Senior Secured Notes IPO of PT MNC Studios International Tbk BCAP and its subsidiaries launching new logo Inauguration of One East Penthouse and Residences Collection BHIT IPO BCAP IPO BCAP repositioned as holding company for financial services businesses Media Nusantara Citra ( MNC ) established as holding company for content and advertising based media BHIT acquired 20% stake in MNC Sky Vision MNC conducted IPO Global Mediacom acquired 51% stake in MNC Sky Vision MNC Securities, MNC Asset Management and MNC Finance Rebranding BCAP acquired Jamindo General Insurance ( MNC Insurance ) Rebranding BHIT into MNC Investama BHIT acquired 26.21% stake in MNC Land Global Bond issuance amounted to USD365mn Grand launching of inews Through MNC Land, signed agreement with TRUMP and Korean Land & Housing ( KLH ) Launched misteraladin.com an online travel services GTV, inews, MNC Vision, Okezone.com and The F Thing Rebranding MNC Group Develop MNC Innovation Center Inauguration of MNC Financial Services integrated branch offices in Surabaya, Pekanbaru and Medan. PT MNC Land Tbk ( MNC Land ) and Hyatt Hotels Corporation announced plans to bring the first Park Hyatt hotel in Indonesia in Jakarta 4

5 Corporate Structure 5

6 1. Corporate Overview 2. Media 3. Financial Services 4. Property 5. Financial Overview 6

7 PT Global Mediacom Tbk (MNC Media) Corporate Structure Global Mediacom Tbk Content and Advertising Based Media PT MNC Vision Network Subscription Based Media Online Media Media Nusantara Citra Tbk DTH Pay TV IPTV/Fixed Broadband OTT 7

8 The Largest Fully Integrated Media Company in Southeast Asia FREE-TO-AIR TV CONTENT SUPPORTING ENTERTAINMENT PRINT PRODUCTION RADIO Entertainment FTA focusing on family audience NEWS & SPORTS CONTENT LIBRARY PAY-TV CHANNELS TALENT / EVENT MANAGEMENT Largest news TV and programs (providing news programs to the Group s 3 entertainment FTA) Content library contains more than 300,000 hours and increasing by more than 20,000 hours per year 8

9 The Largest Content Producer RCTI, MNCTV, and GTV grow significantly outperforming the industry 20 exclusive channels on MNC Sky Vision to generate ad revenue Integrated TV studios has been completed in 2015, is set to increase production capacity and quality of programming with efficient costs 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 9

10 The Largest & Leading Audience Share 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 Creating the best content is our top priority 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 Source: Nielsen Prime-Time All Demographic 5+ Audience Share 10

11 The Best Talent Search Format Lineup Pioneering the international scale talent search programs in Indonesia, such as Indonesian Idol - 8 th season and running, X-Factor Indonesia - 2 nd season and running, Rising Star Indonesia - The 1 st Season with interactive talent search programs MasterChef Indonesia - 3 rd season and running The Voice Indonesia Aired February 2016 Our talent search programs are 3x more profitable than competing In-house dangdut singing competition 11

12 MNCN Dominates Top 20 Program as of 2017 New comedy drama series produced by MNC Pictures Dunia Terbalik performed very strong topping the program charts. 5 out of the Top 10 drama series for 2017 belongs to MNC 12

13 Revenue Streams - TV Advertising Revenue Advertising Revenue Stream Traditional TVC Commercial (15 and 30 ) during commercial break Traditional TVC Build-In Advertising Virtual ads Built-in sponsorship and off air events Virtual Advertising on Drama Series (TOP) Virtual Advertising on Variety Shows (Dashyat)

14 Digital Mobile/ Online Advertising Revenue 14

15 Content Revenue 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 Pay TV Produced for OTT Indonesia and overseas 15

16 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 hours of content library to sell 16

17 All Contents Are Produced Using State-of-the Art Broadcasting Facilities Entertainment Based Infrastructure Integrated News Center MNC TV RCTI GTV INEWS 17

18 PT MNC Vision Networks Corporate Structure Global Mediacom Tbk PT MNC Vision Network Subscription Based Media DTH Pay TV IPTV/Fixed Broadband OTT 18

19 MNC Vision at a Glance Notes 1 As of 31 Dec 17 2 For the period Media Partners Asia 2017 Report 4 Weighted average period Jan-Dec

20 MNC Play at a Glance Notes 1 Up to 31 Dec 17 2 Monthly Average YTD Dec

21 Superior Broadband and Pay TV Product Offerings The Fastest Internet Connection Light Speed Upload & Download The Most Sophisticated Pay TV Offering You Will Not Miss Your Favourite Shows 100% Fiber Optic 172 SD and HD Channels Modern Fiber with Latest Wi-Fi Technologies Network Ability up to 10 Gbps Television On Demand Pause, Play and Rewind for All Channels Light Speed Upload and Download 1 Gbps Watch on Your Mobile Devices Anytime and Anywhere Symmetrical Upload and Download Speed Video On Demand Feature Media Sharing Ready Android Set-Top-Box 21

22 MNC Now at a Glance Offering the best of local entertainment anytime, anywhere... More than 80 channels of live TV channels 7-day Catch-Up TV More than 4,000 hours of on-demand entertainment Free value-added service to eligible subscribers of MNC Play and MNC Vision Available on compatible Android and ios devices Home Films TV Series 22

23 1. Corporate Overview 2. Media 3. Financial Services 4. Property 5. Financial Overview 23

24 PT MNC Kapital Indonesia Tbk (MNC Financial Services) Corporate Structure Total assets (in Rp Bio) 10,706 2, , Office network in Indonesia Note : as of FY2017 * Including Point of Sales * 6 23* 17 Potential synergies through Improve market positioning of products Product cross selling Leverage on wider distribution network 24

25 Sources of Revenue Capitalizing on Distinctive Advantages 3% 1% 5% 6% 11% 50% 2% 7% 5% 5% 7% 47% MNC Bank MNC Finance MNC Leasing MNC Sekuritas 1 2 Strong Impact of the MNC Brand Synergies MNC Asset Management 3 24% 27% MNC Insurance MNC Life Managed by Professionals with a Proven Track Record Full Year 2016 Full Year % Low Penetration Rates Strategies Creating a one-stop financial service center (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) 25

26 Synergies Strong exposure for promotions of products & services Capitalizing on MNC Vision s 2.5 million subscribers as well as the client data base from MNC Shop and MNC Play Benefitting from the expansions of MNC Land 26

27 1. Corporate Overview 2. Media 3. Financial Services 4. Property 5. Financial Overview 27

28 Business Profile A proven track record in managing various category of investment properties. Next, the Company is focusing on developing the following segments : MNC Lido City, Integrated Lifestyle & Entertainment hub MNC Bali Resort, Integrated Lifestyle & Entertainment hub MNC Smart City in Tangerang General Properties (office building, high-rise residential, upscale hotel) Property Services 28

29 MNC LIDO CITY WORLD-CLASS DESTINATION FOR PEOPLE TO LIVE, WORK & PLAY PRIDE OF THE NATION

30 MNC Lido City Pride of The Nation PERFECT LOCATION Located ~70 km away from Jakarta and surrounded by 3 major provinces with over 60 million people in population At 600m above sea level, Lido enjoys a cooler climate year-round Set amidst lush tropical forests and spans over the valley of two majestic mountains lush environment Direct access (60 minutes) via Jagorawi Ciawi Cigombong toll road extension Convenient point-to-point travel via the existing railway system from Jakarta CBD LIVE, WORK AND PLAY LIVE The premiere Lifestyles of Health and Sustainability (LOHAS) Community in Indonesia WORK State-of-the-art facilities providing highly efficient work infrastructures PLAY Featuring Indonesia s first and largest world-class theme park Easy access to a large array of world class entertainment and activities for all ages at World- Class Theme Park Resort POTENTIAL UPSIDE Total masterplan area of 3,000 ha with 2,000 ha of land in possession Business model : Development income and Recurring income Huge potential upside from land price as well as the project 30

31 MNC Lido City Established Cooperation SIGNING WITH THE TRUMP ORGANIZATION In August 2015, MNC Land signed an agreement with The Trump Organization to operate the luxury high-end components of Lido development SIGNING WITH METALLURGICAL CORPORATION OF CHINA LTD. (MCC GROUP) On 17th June 2016, MNC Land signed an Engineering, Procurement and Construction Framework Agreement with MCC Group for the development of a world-class theme park resort in Lido SIGNING WITH POSCO E&C On 9th November 2017, MNC Land signed an MoU with PT Posco E&C Indonesia for the construction development of MNC Lido City Phase 1 in Lido SIGNING WITH MINISTRY OF ENVIRONMENT AND FORESTRY In October 2015, MNC Land signed an MoU with the Ministry of Environment and Forestry to jointly manage the National Park of Mount Gede Pangrango encompassing over 300 ha of tropical forest 31

32 MNC Lido City Positioning Jabodetabek Metro Area Regional Jabodetabek Metro Area Strategically located to future major infrastructure development Jakarta ±1.5-2 hrs 75 km Bogor ±0.5 hrs 25 km LEGEND Operated Toll Road Constructed Toll Road Planned Toll Road Sukabumi ±1 hrs 45 km MNC Lido City Bandung ±3 hrs 130 km 32

33 MNC Lido City Development Component DESTINATION LIDO NATURAL & SUSTAINABLE SETTING SMART INFRASTRUCTURE HOSPITALITY Trump Luxury Hotel Signature Golf Course Theme Park Hotel 3-star Family Hotel RESIDENCES Trump Community Entertainment City Residences RETAIL, DINING & ENTERTAINMENT DISTRICT THEME PARK SUPPORTING FACILITIES MNC Studios MNC University SMART TOWNSHIP Phase 2 Development NATIONAL PARK 33

34 MNC Bali Resort World s Paradise 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 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. 34

35 MNC Smart City Future Livable City MNC SMART City is the newest addition to the Company s portfolio of Integrated Township Developments in Indonesia. The ±3,000 ha site is located in Tangerang Regency, Banten, and is envisioned as a truly integrated SMART City, that provides a wide range of development products and is furthermore themed and differentiated by an Integrated Sports Facilities network; MNC Smart City will be a true new benchmark for Integrated Live, Work and Play environment in Indonesia. Located on the greater Jakarta area, the Project Site will have great access via planned Serpong- Balaraja Toll Road as well as the existing commuter train line that connects directly to the Jakarta CBD area. The Company has secured the location permit of the 3,000 ha site. 35

36 General Properties MNC Tower & Plaza MNC Financial Center Location Kebon Sirih, Central Jakarta Kebon Sirih, Central Jakarta 36

37 General Properties BEI Building High End Building SINDO Building Location Surabaya Kebon Sirih, Central Jakarta KH Wahid Hasyim, Central Jakarta 37

38 General Properties Wisma Indovision II Indovision Bali Building The Westin Resort & BICC Location Kebon Jeruk, West Jakarta Diponegoro, Bali Nusa Dua, Bali 38

39 General Properties Ongoing Development One East Penthouse & Residences Collection/ Oakwood Hotel & Residence Park Hyatt Tower Location Kertajaya, East Surabaya Kebon Sirih, Central Jakarta 39

40 General Properties inews Tower * MNC Studios * Location Kebon Sirih, Central Jakarta Kebon Jeruk, West Jakarta * MNC Land is the project manager and building manager of the property. 40

41 General Properties 1. Corporate Overview 2. Media inews Tower * MNC Studios * Kebon Sirih, Kebon Jeruk, Location Central Jakarta West Jakarta 3. Financial Services Owner PT Media Nusantara Citra Tbk PT Media Nusantara Citra Tbk 4. Property 5. Financial Overview Land Area 5,837 sqm 101,222 sqm Building Area 58,507 sqm 113,062 sqm Storey 16 stories 18 stories (GTV) 14 stories (RCTI) 18 stories (MNCTV) Occupancy 100% 100% * MNC Land is the project manager and building manager of the property. 41

42 Millions Summary Financials Consolidated Statements (in Millions IDR) Income Statement Description Dec 31, 2017 Dec 31, 2016 % Media 10,657,404 10,293, % Financial Institutions 2,380,754 2,015, % Others 542, , % Total Net Revenues 13,580,269 12,894, % EBITDA 3,747,386 3,622, % Net income for the Year 524, , % Media Financial Institutions Others Statement of Financial Position Description Dec 31, 2017 Dec 31, 2016 % Current Assets 20,195,774 20,532, % Noncurrent Assets 36,328,037 34,760, % Total Assets 56,523,811 55,292, % Current Liabilities 18,897,593 18,996, % Noncurrent 13,540,028 12,132, % Liabilities Total Liabilities 32,437,621 31,129, % Total Equity 24,086,190 24,163, % Total Liability & Equity 56,523,811 55,292, % % 78.5% 17.5% % % 3.45% Net Revenues Assets EBITDA 42

43 PT MNC Investama Tbk MNC Financial Center 21st Floor Jl. Kebon Sirih No Jakarta 10340, Indonesia Tel Fax Thank You 43