MNC Media Earning Call Material 6M 2014

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Earning Call 25

th

_{July 2014}

6M 2014

MNC Media

PT Global Mediacom Tbk.

PT Media Nusantara Citra Tbk.

PT MNC Sky Vision Tbk.

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Summary of Financial Performance

1H 2014 & 2013

(In billion Rupiah) 2Q 2014 2Q 2013 YoY Growth 6M 2014 6M 2013 YoY Growth

Advertising Revenues 1,733 1,634 6% 3,132 2,882 9%

Content 69 24 189% 91 44 107%

Others 74 110 -33% 150 208 -28%

Total Revenues 1,876 1,768 6% 3,373 3,134 8%

Operating Expenses 1,057 1,038 2% 2,030 1,928 5%

Income from Operations 819 730 12% 1,343 1,206 11%

Net Income 584 530 10% 973 953 2%

EPS 42 38 11% 70 68 3%

Core EBITDA 864 760 14% 1,429 1,283 11%

Core EBITDA margin 46% 43% 42% 41%

Forex Gain (Loss) (8) (20) -59% (1) (17) -93%

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(In billion Rupiah) 2Q 2014 2Q 2013 YoY Growth 6M 2014 6M 2013 YoY

Growth

Revenues 802 754 6% 1,577 1,450 9%

Operating Expenses 770 631 22% 1,478 1,204 23%

Income from Operation 32 123 -74% 99 246 -60%

Net Income (Loss) (149) (3) -4867% (14) 31 -145%

EBITDA 282 306 -8% 585 600 -3%

EBITDA Margin 35% 41% 37% 41%

YoY Diff YoY Diff

D&A 250 183 37% 486 354 37%

Interest Expense (59) (58) -2% (103) (117) 12%

Forex Gain (Loss) (162) (51) -218% (13) (61) 79%

Total 29 74 -61% 371 176 111%

Total Subscribers (in 000) 2,498 2,014 24%

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(In billion Rupiah) 2Q 2014 2Q 2013 YoY Growth 6M 2014 6M 2013 YoY Growth

Advertising Revenues 1,749 1,653 6% 3,131 2,882 9%

Subscribers Based Media 802 757 6% 1,577 1,450 9%

VAS and Others 293 230 27% 569 487 17%

Total Revenue 2,844 2,640 8% 5,277 4,819 10%

Operating Expenses 2,038 1,811 13% 3,911 3,431 14%

Income from Operation 806 828 -3% 1,366 1,388 -2%

Net Income 202 339 -40% 506 632 -20%

EPS 14 23 -39% 37 45 -18%

Core EBITDA 1,112 1,052 6% 1,959 1,838 7%

Core EBITDA Margin 39% 40% 37% 38%

Forex Gain (Loss) (180) (69) 160% (18) (83) -79%

Gain on Investments (36) 85 -143% 44 186 -76%

• VAS revenue grew by54%driven by Letang performance (with revenue from Mobile Games 2Q 2014 = USD 9.1 million which mainly contributed by top hits game “Bonnie Bears” or “Xiong Chu Mo”).

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Channel

ADEX Nett Estimation Q2 2014

Revenue (in IDR billion) Advertising Market Share by Group 2013 2014 Growth 2013 2014

RCTI 898 944 5.1% 21% 21% MNCTV 467 467 0.0% 11% 10% GTV 239 263 10.0% 6% 6%

MNC Group 1,604 1,674 4.4% 38% 37%

SCTV 670 701 4.6% 16% 16% IVM 301 445 47.9% 7% 10%

EMTEK Group 971 1,146 18.1% 23% 26%

Trans 500 514 2.9% 12% 11% Trans7 638 392 -38.5% 15% 9%

Transcorp 1,138 907 -20.3% 27% 20%

ANTV 203 326 60.8% 5% 7% TVOne 200 287 43.1% 5% 6%

VIVA Group 403 613 52.0% 9% 14%

Metro 128 141 10.1% 3% 3% TVRI1 2 9 407.9% 0% 0%

Grand Total 4,245 4,489 5.7% 100% 100%

ADEX Nett Growth Q2 2014

• Q2 advertising industry growth was soft at 5.7% as advertisers held off spending pre-election

• MNC Group has maintained its advertising market share

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MNC's Audience Share Has Regained Number One

• Audience share of MNC has gained momentum since June 16th_{2014 and became number one during}

prime time by the end of the June

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No Program Station 25 June 26 June 27 June 28 June 29 June 30 June Average

TVR Share TVR Share TVR Share TVR Share TVR Share TVR Share TVR Share 1 Catatan Hati Seorang Istri RCTI 5.1 20.9 5.1 20.4 6.0 22.6 7.0 32.1 6.5 27.7 6.3 26.0 6.0 25.0

2 Ganteng Ganteng Serigala SCTV 5.9 24.0 6.7 26.5 5.9 23.8 3.9 22.6 3.8 20.1 5.6 22.8 5.3 23.3

3 Diam Diam Suka SCTV 4.4 20.2 4.4 19.9 3.2 15.4 - - - - 4.2 21.6 4.1 19.3

4 Mahabharata ANTV 3.4 13.3 3.9 15 4.4 16.2 4 18.2 3.2 14.5 3.9 15.7 3.8 15.5

5 Tukang Bubur Naik Haji RCTI 3.4 15.8 3.2 14.2 4.0 19.2 3.0 17.1 - - 4.4 19.4 3.6 17.1

RCTI Has Occupied The Number One Position

• Catatan Hati Seorang Istri has overtaken Ganteng Ganteng Serigala as the number 1 drama series

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No Program Name Station TVR Share 28 June 2014

1 CATATAN HATI SEORANG ISTRI RCTI 7.0 32.1

2 WORLD CUP: BRAZIL VS CHILE ANTV 4.3 34.4

3 MAHABHARATA ANTV 4.0 18.2

4 GANTENG GANTENG SERIGALA SCTV 3.9 22.6

5 MAHADEWA ANTV 3.6 15.8

29 June 2014

1 CATATAN HATI SEORANG ISTRI RCTI 6.5 27.7

2 WORLD CUP: NETHERLANDS VS MEXICO ANTV 4.6 35.7

3 MENGETUK PINTU HATI SCTV 4.1 17.2

4 GANTENG GANTENG SERIGALA SCTV 3.8 20.1

5 JUNIOR MASTERCHEF IND SEASON 1 RCTI 3.7 17.9

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9 August 2014

September 2014 November 2nd₂₀₁₄

August 2014

SUPER JUNIOR M

UPCOMING PROGRAMS

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10 11-20 Aug 2014

19 Sep – 4 Oct 2014

22 Nov – 22 Dec 2014 9 – 23 Oct 2014

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MNC Channels Share Performance Summary Based on

I ndovision non FTA Channels, All 5+ Jakarta, Q2 2014

Source : Nielsen TV Audience Measurement

• Q2 2014 we booked total share of 25.18%

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MNC Channels are number 1 in News and Sports

News Channels Share Percentage Based On Male15+

Sports Channels Share Percentage Based On All5+

MNC NEWS 81.12

CHANNEL NEWS ASIA 9.57

CNN INTERNATIONAL

6.26

AL JAZEERA INTERNATIONAL

FOX SPORTS 16.95 STAR SPORT

15.54

GOLF CHANNEL

2.79 EURO

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MNC Channels Share Performance Summary Based on

I ndovision non FTA Channels, All 5+ Jakarta, Q2 2014

Category Position Total Share # Channels

News 1 81,12 8

Business 1 99,93 3

Entertainment 2,6,11 20,88 23

Music 2 42,51 5

Sports 1,2,5 66,6 6

Lifestyle 1,2,3,5,8 83,39 14

Kids 4 7,87 11

Movie 6 5,56 15

Religion 1,2 100 2

• Most of MNC branded channels are leading in its own category of genre

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DISNEY JUNIOR/PLAYHOUSE DISNEY

MNC KIDS

FOX MOVIES PREMIUM/STAR MOVIES MNC SPORTS2

Rank Channel

CARTOON NETWORK

FOX CRIME VISION 2 DRAMA CELESTIAL MNC LIFE STYLE AXN

VISION 3 BABY MNC Comedy 8I

ANIMAX STAR WORLD

Rank

NATIONAL GEOGRAPHIC CHANNEL SINDO TV/SUN TV

Toonami/Boomerang WARNER TV HBO Family

FOX FAMILY MOVIES NICKELODEON BBC KNOWLEDGE

FOX ACTION MOVIES

MNC MUSIC CHANNEL CHANNEL V

MNC MOVIE HBO SIGNATURES MNC FOOD TRAVEL

• 10 MNC Channels are in the Top 20 Channel

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MNC Building More New Studios

MNC TV New Office and Studio

RCTI New Office and Studio

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