Corporate Update
August 2017
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.
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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.
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1.
Corporate Overview
2.
Media
3.
Financial Services
4.
Property
Board of Commissioners PT MNC Investama Tbk
Hary Tanoesoedibjo
President Commissioner
Liliana Tanoesoedibjo
Commissioner
Angela Herliani Tanoesoedibjo
Commissioner
Kardinal Alamsyah Karim
Independent Commissioner
Darpito Pudyastungkoro
Independent Commissioner
Board of Directors PT MNC Investama Tbk
Darma Putra
President Director
Susanty Tjandra Sanusi
Vice President Director &
Independent Director
Tien
Director
1.
Corporate Overview
2.
Media
3.
Financial Services
4.
Property
PT Global Mediacom Tbk (MNC Media) Corporate Structure
Global Mediacom Tbk
Media Nusantara Citra Tbk
Content and Advertising
Based Media
MNC Sky Vision Tbk PT MNC Kabel Mediakom
PT Sky Vision Network
The Largest Integrated Media Company in Southeast Asia
RADIO PRINT ENTERTAINMENT
NEWS & SPORTS
SUPPORTING
FREE-TO-AIR TV
CONTENT
PAY-TV CHANNELS
CONTENT LIBRARY TALENT
MANAGEMENT
Content library contains more than 300,000 hours and increasing by more than 15,000 hours per year
TALENT SEARCH/ NEWS/ VARIETY/ SPORTS
ANIMATION IN HOUSE PRODUCTION UNITS
DRAMA/ MOVIES/ FTV
Macro drivers support industry growth
Population (2016) A Young Population : 80% - Below 50yr
Completed Education Level
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
60mn 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?
A1 3500
Well-positioned in a Conducive Growth Environment
Indonesia’s
net ad spend as % of GDP is the lowest in the region, reflecting strong market growth
potential
Price for a 30 seconds prime time spot is cheap compared to other ASEAN countries
Net Ad Spend as a Percentage of GDP (2016)
Source: Media Partners Asia 2016
USD/spot
30 seconds prime time spot
$5,400 $5,950 $6,600
$10,600
$16,400
$40,000
$80,000
Indonesia Malaysia Vietnam Thailand Philippines Singapore Australia
Source: Media Partners Asia 2016
0.5%
0.5% 0.5%
0.4%
0.3%
0.2%
Vietnam Philippines Singapore Thailand Malaysia Indonesia
Industry Dynamics
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
42%
26% 20%
10% 2%
MNCN SCMA
VIVA Trans Others
I do esia’s Media Ad ertisi g Market “hare
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
2022F
2017
Our Key Growth Drivers
RCTI, MNCTV, and Global TV grow significantly outperforming the industry
iNewsTV a national network with focus on news, infotainment and sports
22 exclusive channels on MNC Sky Vision to generate ad revenue
Content is King
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, Indonesian Idol and X Factor
Exclusive programming with top Hollywood studios
More than 300,000 hours of content library and
increasing by more than 15,000 hours annually
We also have 22 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
Top 20 Drama Series as of April 2017
•
Ne o edy dra a series produ ed y MNC Pi tures
Dunia Terbalik
perfor ed ery stro g toppi g the
program charts.
•
6 out of the Top 20 program for June 2017 belongs to MNC
Pay TV Business - MNC Sky Vision
Distribution andSales Network Using S-band & DTH
Our Pay TV 3 Most Important Competitive Advantages
Has 115 branches across Indonesia
Superior Broadband and Pay TV Product Offerings
Fastest Internet
Connection
Light Speed Upload & Download
Modern Fiber with Latest
Wi-Fi Technology
100%
Fiber Optic
The most sophisticated Pay
TV offering
You will not miss watching your favorite broadcast
Video On Demand feature
178 SD and HD Channels
Television On Demand
Pause, Play and Rewind For
All Channels
Watch on Mobile Devices
anytime and anywhere
Android Set-Top-Box
Light Speed Upload
and Download
Gbps1
Symmetrical Speed Upload
and Download
Network Capability up to
10 Gbps
Online Media
–
Exciting Opportunities
Letang (www.joymeng.com) a fast growing mobile games company in
China.
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 more than 3 mio unique daily
visitors.
MNC Media - Company Advantage
The Media Industry
Still Growing
•
Media penetration in Indonesia is still low.
•
The percentage of ad spend in Indonesia is still low and is projected to
increase along with rising advertising demand
•
Advertising rates in media in Indonesia is relatively inexpensive compared
with other countries, suggesting that the potential rate increase in the
subsidiaries and integrated media, as well as having synergy in increasing
revenue.
•
The growth of Company-owned media such as RCTI, MNCTV, and Global
TV is higher than the average of the media industry
2
Content with
Significant Market
Share
•
Company broadcast the event with content that is highly appreciated by
the public to maintain market share and advertising revenue.
•
The Company has an in-house production division to continue creating
events and content productively (over 15,000 content annually)
3
Experienced
Management Team
4
1.
Corporate Overview
2.
Media
3.
Financial Services
4.
Property
Capitalizing on Distinctive Advantages to Achieve High Growth
2
3
4
Strong Impact of the MNC Brand
Synergies
Managed by Professionals with a Proven Track Record
Low Penetration Rates
1
5
6
Pro idi g O e “top I tegrated Fi a cial
Services
(Integrated Branch)
Strong Impact of the MNC Brand
The Largest &
The Most
Integrated
Media Group in
South-East Asia
Ability to rapidly expand distribution agents resulting in high growth in
Gross Premiums
Ability to rapidly forge business partnerships with authorized dealerships
Highly credible to financial institutions & individuals
Synergy
Benefitting from the expansions of MNC Land
Strong exposure for promotions of products & services
Capitalizi g o MNC “ky Visio ’s 2,6 illio su s ri ers
1.
Corporate Overview
2.
Media
3.
Financial Services
4.
Property
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 City, Smart City in
Jabodetabek area
Property Services
General Properties
(office building, high-rise residential,
upscale hotel, high-end retail)
Investment Portfolio
(Partial ownership in PT Plaza
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 KOREA LAND & HOUSING
•
In October 2015, MNC Land signed a
cooperation agreement with Korea
Land & Housing (Korea LH) to jointly
develop a future urban development
in Lido
SIGNING WITH KAIA
•
In March 2016, MNC Land signed an
MoU with Korea Agency for
Infrastructure Technology
Advancement (KAIA) and INDAKO to
develop World Class Smart City
Infrastructures in Lido
.
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 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
encompassing over 300 ha of
tropical forest .
MNC Lido City
–
World-Class Theme Park Resort
•
Over 30 attractions
including exciting rides and
spectacular shows
•
Immersive original stories and designs
weaving
i ele e ts of I do esia’s topography a d rich
cultural heritage with standards of
entertainment, quality, and service
exceeding
all expectations
•
Managed by international industry experts with
over 100 years of collective experience
across
15 countries and industry leaders including
Disney, Universal, and Ocean Park
•
Strategic programming
includes new attraction
development every 3-5 years, seasonal events,
MICE & corporate packages, hotel &
partnership programs, annual pass, etc.
MNC Bali Resort
–
Lifestyle Excellence
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
106-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
orld’s
best islands with the latest awards came from the
Travel+Leisure Magazine and Bali was voted as the
World’s
Best Awards-Top Islands No. 5 in 2014
In August 2015, MNC Land signed an agreement with
The Trump Organization
to manage the newly
redesigned resort
MNC City
–
Future Livable City
MNC City is a
future Smart City in Jabodetabek area,
a new city
concept where integrated information technology is immensely used to
improve the efficiency of city services in providing solutions for the
residents
The location permit of this area has been secured by the Company for
approx. 3,000 ha
Currently, MNC City location can be reached via toll road as well as by
railway. Future transportation facilities include MRT, dedicated LRT and
BRT Lines which are integrated with SMART Technologies and Shuttle
Service to Jakarta
The project is currently under conceptual masterplan design stage
Business model : Development income and Recurring income
v
1.
Corporate Overview
2.
Media
3.
Financial Services
4.
Property
ASSETS LIABILITIES EQUITY
2015 54,466,753 31,655,307 22,811,446
0
**) including current and non current liabilities of PT MNC Kapital Indonesia Tbk and its subsidiaries
PT MNC INVESTAMA TBK CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF DECEMBER 31, 2016 AND 2015 (AUDITED)
(in million Rupiah)
Descriptions
December 31, 2016
*)December 31, 2015
*)% Change
ASSETS
Current Assets
21,100,645
21,683,011
-2.69%
Non Current Assets
35,971,606
32,783,742
9.72%
Total Assets
57,072,251
54,466,753
4.78%
LIABILITIES AND EQUITY
Current Liabilities
**)19,201,800
19,379,657
-0.92%
Non Current Liabilities
**)13,700,476
12,275,650
11.61%
Total Liabilities
32,902,276
31,655,307
3.94%
Non-controlling interests
12,060,405
12,394,059
-2.69%
Total Equity
24,169,975
22,811,446
5.96%
Total Liabilities & Equity
57,072,251
54,466,753
4.78%
Total Net Revenues Operating Income EBITDA Net Profit (Loss)
FY2015 12,932,439 2,026,397 3,438,405 (584,982)
FY2016 13,100,421 2,161,165 3,683,902 876,713
(2,000,000)
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
FOR THE YEARS ENDED 2016 AND 2015 (AUDITED)
Descriptions
December 31, 2016
*)December 31, 2015
*)∆ %
Media
10,499,246
10,461,231
0.36%
(in million Rupiah)
BHIT SEGMENTAL OVERVIEW
–
REVENUE CONTRIBUTION,
FY2015 - FY2016
Revenue FY2015
Revenue FY2016
Media
80.9%
Financial
Services
14.6%
Others
4.5%
Media
80.1%
Financial
Services
15.4%
*) As restated
**) including current and non current liabilities of PT MNC Kapital Indonesia Tbk and its subsidiaries
ASSETS LIABILITIES EQUITY
FY2016 57,072,251 32,902,276 24,169,975
1H2017 56,950,675 32,635,776 24,314,899
0
PT MNC INVESTAMA TBK CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
1H2017 & FY2016 (UNAUDITED)
(in million Rupiah)
Descriptions
1H2017
FY2016
*)∆ %
ASSETS
Current Assets
20,901,752
21,100,645
-0.9%
Non Current Assets
36,048,923
35,971,606
0.2%
Total Assets
56,950,675
57,072,251
-0.2%
LIABILITIES AND EQUITY
Current Liabilities
**)18,275,111
19,201,800
-4.8%
Non Current Liabilities
**)14,360,665
13,700,476
4.8%
Total Liabilities
32,635,776
32,902,276
-0.8%
Non-controlling interests
12,218,198
12,060,405
1.3%
Total Equity
24,314,899
24,169,975
0.6%
Total Liabilities & Equity
56,950,675
57,072,251
-0.2%
Net Revenues Income from operations EBITDA Net Income
1H2016 6,729,649 1,689,602 2,422,522 1,192,691
-CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
1H2017 & 1H2016 (UNAUDITED)
Descriptions
1H2017
1H2016
∆ %
Media
5,135,237
5,177,546
-0.8%
Financial institutions
1,216,706
1,077,703
12.9%
Others
524,220
474,400
10.5%
Total net revenues
6,876,163
6,729,649
2.2%
Income from operations
1,734,693
1,689,602
2.7%
EBITDA
2.558.160
2.422.522
5.6%
BHIT SEGMENTAL OVERVIEW
–
REVENUE CONTRIBUTION,
1H2017
–
1H2016
Revenue 1H2016
Revenue 1H2017
Media 74.7%
Financial institutions
17.7%
Others 7.6%
Media 76.9%
Financial institutions
16.0%
