corporate update update … · drama, talent search, animation, sitcom, movie, reality,...

CORPORATE UPDATE October 2020

Listed & traded on the Indonesia Stock Exchange (IDX) IDX Ticker Code: BHIT

www.mncgroup.com

2

1. Corporate Overview

2. Media

3. Financial Services

4. Entertainment, Lifestyle Property & Hospitality

5. Corporate Financial Highlights

MNC Investama Key Investment Highlights

3 www.mncgroup.com

MNC Media MNC Financial Services MNC Land

Content & Advertising Based Media

☑ Four National FTA with the largest audience share of 40%, ad-spend share of 45%. Launched RCTI+, a streaming (OTT) service.

☑ Strong growth in digital advertising revenue and Non Time Consuming Ads (NTC Ads). ☑ The Largest Library with more than 300K hours, with the largest content production

of 23K hours yearly, supported by state-of-the-art studio technology & facilities. ☑ The Largest Talent Management with close to 400 talents under management with 5 +

5 years option to extend. ☑ Started MCN (Multi Channel Network) on YouTube in August 2019 and generating

1.63billion views and 11million subscribers in just a month. Including MNCN Channels on YouTube, the total number of views reached 24.1billion in a 12 month span (FY2019), with 101 million subs by the end of August 2020.

☑ Owning the largest sites called Okezone (#1 above Google #2) and Sindonews (#6) based on Alexa measurement. Okezone has more than 20 million UV daily and is ranked #24 globally.

Subscription Based Media & Broadband ☑ #1 market position in Pay TV with more than 16 exclusive in-house channels and thousands of VOD. ☑ The most integrated Pay TV Group offering premium DTH service (S-Band), reguler DTH service (KU-

Band), IPTV, Broadband and OTT services.

☑ Integrated financial services group with full licenses from banking, consumer finance, leasing, securities, asset management, general and life insurance, fintech, and payment gateaway.

☑ Strong synergies within MNC Group ecosystem Including cross selling and cross promotion.

☑ Expanding into digital financial services in all units. Launched SPIN (Smart Payment Indonesia), offering e-money, e-wallet, digital remittance soon will tap into peer-to-peer lending.

☑ Huge landbank in strategic location to be developed as entertainment, lifestyle property & hospitality in Lido.

☑ Owns several hotels, including Westin Resort Bali, and close to 400,000sqm GFA office space.

☑ Currently developing iconic projects, including: • Park Hyatt Jakarta. • Trump International Resorts in Lido

and Bali. • The only international standard

theme park facilities in Indonesia

☑ The assets book value, including the landbank is well below the market value.

☑ Expanding into co-working, co-living and co-retail business.

☑ Indonesia has a strong economic growth with GDP over $1trillion and rising middle class.

☑ The three businesses (Media, Financial Services and Entertainment, Lifestyle Property & Hospitality) are positively correlate d with Indonesia’s large growing population with a majority of young people.

☑ Benefiting from the Group’s integrated Media position being the largest in South East Asia in FTA television, content, social media and news portal.

Corporate Structure

4 www.mncgroup.com

5


2. Media




The Largest Integrated Media Company in Southeast Asia

6

*As of June 2020

Production Entertainment 5 in 1 Entertainment

App

Content Library Talent Management

Social Media/ Others

Public 43.72% 56.28%*

Free To Air / TV Content & IP Digital

Informasi and Sports

Entertainment FTA focusing on family audience

Largest news TV and provide news programs to the Group’s 3

entertainment FTA

The biggest talent management company

supported with music label and publishing unit

• Video Streaming • News Aggregator • Audio Aggregator • User Generated

Content (UGC) • Games Aggregator

• Youtube & Facebook channels

• MCN • News & General

Portals

Content library contains more than 300,000 hours and

increasing by more than 23,000 hours per year

.

www.mncgroup.com

Indonesia Advertising Market Share 2018

2022

• Given the infrastructure constraint, TV is the only medium to reach a mass audience

• TV advertising is expected to maintain a dominant market share

• A more stable economic growth will boost ad spend, TV advertising should trend at a 5% CAGR between 2017-22

• 94% smartphone penetration among online users, grew from 40% in 2013

TV, 64%

Internet,

16%

OOH,

2%

Print,

16%

Radio,

2%

TV Internet OOH Print Radio

TV, 62% Internet,

25%

OOH,

2%

Print;

10%

Radio, 1%

TV Internet OOH Print Radio

-

5.000.000

10.000.000

15.000.000

20.000.000

25.000.000

30.000.000

35.000.000

40.000.000

2015 2016 2017 2018 2019 2020 2021 2022

TV Internet Print & Related Others

7 www.mncgroup.com

The Largest Audience Share & FTA TV Advertising Market Share

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020*

36,9 38,4 37,9 40,1

29,8 36,0

45,6 38,3

34,4 37,2 37,7

MNCN Audience Share 2010 – 2020*

Indonesia FTA TV Advertising Market Share

*Source : Nielsen (Q2-2020)

8 www.mncgroup.com

FY-2014 FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 H1-2020

37 39 40 43 43 45 46

26 28 28 24 26 24 24 18

14 12 12 10 10 10 14 14

15 17 15 13 12

4 4 4 4 4 4 4 0 0 1 1 1 0 0

MNC Group Emtek Group Trans Corp Viva Group Metro TVRI

TV Advertising Revenue

• Conventional TVC (15” and 30”) during commercial break

• Creative ads/ Non Time Consuming ads

• Equity Link (Air time and Content Library)

• QRIS Advertising

• Localized RTX* & Geo-tagging TVC*

• Digital Ads: Digital Broadcast, Social Media (including Library, original content, and MCN), News Portal, and RCTI+

*will be launched soon

Built-In Advertising Conventional TVC

Virtual Advertising Squeezed Frame Advertising

Super Impose RTX

9 www.mncgroup.com

Now TV Can Be a Shopping Marketplace

Note :

• Business model for FTA/OTT: receive ads revenue and revenue share from transaction.

• As an acquirer, SPIN receives 0.7% Merchant Discount Rate (MDR) for every transaction.

• Even when using other payment App, we still receive 39% (of MDR)

With standardized QRIS, consumer can buy the products from various payment Apps.

• Discount or Cashback for SPIN users

• Seamless in Apps experience

• Control the traffic end to end

• Enriched database and analytic for MNC Group

10 www.mncgroup.com

Content Revenue

CONTENT LIBRARY LICENSING (FTA, DTH Pay TV, IPTV, Mobile/Streaming, OTT)

• Produces around 23,000 hours of content annually.

• Owns more than 300,000 hours of content library with breakdown of 60% non News and 40% News content

CONTENT PRODUCTION (group & non group)

• Content produced in-house include Drama, Talent Search, Animation, Sitcom, Movie, Reality, Infotainment, Variety, Talk Show, News

Animation

Talent Search*

Drama Series*

*Generating highest revenue per one hour of broadcast

41%

More than 80%

More than 80%

11

80 % LOCAL CONTENT

99 % IN-HOUSE PRODUCE

20% FOREIGN CONTENT

www.mncgroup.com

Talent Management

Other Talent Search

Lyodra 2020

Marion Jola 2018

Citra Scholastika 2010

Deven 2018 Sharon 2017 Anneth 2018

Eric 2020 Fani 2018

Carla Yules 2020

Alya Nurshabrina 2018

Natasha Manuella 2016

Anwar 2015

Robby Purba 2017

Sere Kalina 2016

Felicya 2016

Arnold 2017

Boy WIlliam 2010

Ayu Ting Ting 2010

Lolita Agustine 2010

Dede 2014

Christoper Edgar 2016

Sharla 2017 Kim Kimberly 2017

Kimberley 2018

Sharla 2018

Oge Arthemus 2009

Master Limbad 2009

Bow Vernon 2012

B Force 2017

Soul Sisters 2017

Andmesh Kamaleng 2017

Elvan 2019

Hanin Dhiya 2016

Eva Puka 2013

Abi Rafdi 2018

Suci 2019

Singing Competition

• The biggest talent management company in Indonesia with more than 380 talents with various background under exclusive contract (5 years + 5 years)

• The Company manages national talent to perform in TV shows (group or non group), radios, off air events, OOH/TV commercial, live chat on RCTI+, and content creators on MCN

• There is a revenue split between talent and the Company for all bookings, including endorsements on their respective social media platforms

12 www.mncgroup.com

Indonesia Most Watched Youtube Content Derived from clips of MNCN Library

13 www.mncgroup.com

Starting in May

2020, MNCN

agreed to do the

same arrangement

with Facebook,

with a minimum

guarantee in place.

1

Number One Youtube TV Views & Subscribers in Indonesia

MNCN vs Competitors - views (in billion)

Source : MNC Research, FY-2019

Note: Data for Youtube Indonesia

MNCN Nationwide Youtube market share:

4,73 % Views

2,19% Subscribers

2,50% Video Uploads

12.2 11.5 10.4

6.1 3.4

MNCGROUP

TRANSCORP

NET EMTKGROUP

KOMPAS VIVAGROUP

24.1

MNCN vs Competitors - subscribers

14

MNC GROUP 105.546.275

TRANS CORP 41.011.603

NET 32.496.770

EMTK GROUP 30.133.150

KOMPAS 20.158.371

VIVA GROUP 19.073.792

METRO 3.364.330 RTV

3.822.233

Source : MNC Research, September 2020

www.mncgroup.com

Maximize Brand’s Presence Through Engaging Sponsorship Based Web-Series

15 www.mncgroup.com

2

Leading Digital Network

My First Awards!! Thank God I’m So

Happy .. #MJVLOG3

Andmesh Kamaleng –

Flobamora (Cover Live Studio)

Nantangin Roma Naik Wahana Ekstrim

Dufan

Kibo Kiting #19 : Di Bajak Tante Melody JKT48 & Tante Ayu

Ting Ting

• Star Hits is a digital network that develops content creators, talent or influencers, to cooperate with the brand and to create the ecosystem that are connected in the content

• Owns various channels under star hits family brand, which focuses on various different genres

• Currently, Star Hits also coordinates all of MNC Group’s channels in all social media

• Star Hits started its MCN (Multi-Channel Network) operation in August 2019

MCN (as of Sept 2020): • 49.8mn subscribers • 4.6bn views

MCN + Non – MCN • 105mn subscribers

(as of Sept 2020) • 24.1bn views (FY – 2019)

16 www.mncgroup.com

3

MNCN’s General and News Portal - #1 and #6 in Indonesia

Note : For News portal, Okezone.com is ranked #1 and Sindonews.com #6

RANKS | Top Indonesian Sites

1. Okezone.com

2. Google.com

3. Tribunnews.com

4. Youtube.com

5. Grid.id

6. Sindonews.com

7. Kompas.com

8. Detik.com

9. Liputan6.com

10. Tokopedia.com

11. Bukalapak.com

12. Suara.com

13. Brilio.net

14. Kumparan.com

15. Idntimes.com

16. Merdeka.com

17. Google.co.id

18. Yahoo.com

19. Jpnn.com

20. Blogspot.com

*Updated : August 1, 2020

17 www.mncgroup.com

18

OTT Media Services

• LiveTV, catch up TV, and FTA programs - current and library

• Fresh extended content and FTA unaired content (bloopers and behind the scene)

• Creative content: Quiz, reward system, original short, mid, & long form content, voting, and chats with MNC talents

• Integration of MNCN news platforms into RCTI+

• Top 20 articles from different categories derived from MNCN general and news portal

• Cooperation with portal aggregator

• Radio Aggregator – All radio stations available digitally on the app with a choice of channels from various genres, years and mood selections

• Music radio playlist, podcast content, and UGC podcast

1. Video Streaming

2. News Aggregator

3. Audio Aggregator

• Video sharing experience

• Exclusive content upload from the library in short and medium form and content similar those uploaded on YouTube

• Talent search competition – facilitate user to unlock their potential to the world through online competition

• Provides access to new and exciting games content

• A constantly expanding content offering

4. Talent Search - UGC

5. Games Aggregator

Fact Sheet:

• Established in August 2019. • Running on Advertising VOD model. • MAU: More than 11mn (as of August 2020). • Average viewing duration: 86 minutes. • Revenue projection for 2020: $25-30 mio. • Ads generation: independent and FTA bundle

www.mncgroup.com

19

: MNC Studios, West Jakarta

: MNC News Centre, Central Jakarta

The Largest Broadcast & Production

Facilities in South East Asia which enable MNC to

strategically expand into

Digital Ecosystem (more than 400,000sqm

built up area)

MNC Media’s Facilities

www.mncgroup.com

20

Drama Production Response to Covid-19 “semi-lockdown”

Drama Production Set Up @ MNC Studios, Kebon Jeruk

Outdoor Set – “Orang Miskin Baru” Indoor Set – “Tukang Ojek Pengkolan” Indoor Set – “Dunia Terbalik”

Outdoor Set – “Memet” Indoor Set – “Jaka Tingkir” Indoor Set – “Amanah Wali 4”

www.mncgroup.com

PT MNC Vision Networks Tbk The Most Integrated Subscription Platform with Content Superiority

*As of June 2020

Local Cable Operator

PT MNC Kabel Mediakom

OTT – TV Anywhere

PT MNC OTT Network

• SVOD & AVOD Video OTT Service

• Vision+ has 1.3 mio paid subs and over 32.4 mio MAU.

• Vision+ provides more than 10,000 hours of VODs and up to 120 linear channels with catch up features

• Provides high speed FTTH broadband and interactive IPTV services.

• 3rd largest broadband with 1.5 mio home pass and close to 300,000 subs.

• Distribute Android TV OTT Box.

DTH post-paid Pay

TV

PT MNC Sky Vision Tbk

• Over 90% market share with 2.1m subscribers.

• DTH S-band (2.520 – 2.670 Ghz) for extensive nationwide coverage.

• Hidden treasure: 5G and LTE spectrum.


• DTH KU-Band for cost efficient services, capturing mass market segment.

• Acquires 8,000 - 10,000 new subscribers on a daily basis.

• Currently sitting with more than 4.1 mio subscribers.

Pay Channel & VOD

MNC Channels

• Produces and operates 12 pay channels.

• Produces original content suited for digital platform (short and medium form content).

• MNC Channels has produced over 63,000 hours of in – house content since its inception.

99.90%

PT MNC Vision Networks Tbk (IPTV)

PUBLIC

99.99% 91.90% 80% 100%

66.83% 33.17%

Android TV OTT Box

Play Box

• Distribution through MNC Vision, MNC Play, digital channel (e-commerce), and retail dealership.

• Selling Play Box using 3rd party broadband network.

• Exclusive FTA, Pay channels and VODs at affordable price.

100%

DTH pre-paid Pay

TV

PT Digital Vision Nusantara PT Mitra Operator Local

• Broadening reach of MVN to untapped Pay-TV Market all over Indonesia.

• LCO Partnership through digitalization or content licensing & acquisition

• Drive subscriptions by supplying LCO with MNC Group superior & premium content

LCO

99%

Broadband & IPTV

21 www.mncgroup.com

MNC Vision – Quality Focused And Continuous Cost Efficiency

22

• MNC Vision provides DTH-based Pay TV services in Indonesia with 2.1 mio subscribers, which represents 90% market share. Capturing massive market opportunity in an archipelago.

• Subscriber’s growth will be focused on reaching broader segments in tier 2 and tier 3 cities (70% of total households in Indonesia) and LCO (local cable operator) acquisitions to expand DTH market share.

• Hidden Treasure: Monetization of 5G and LTE Spectrum (150 Mhz).


1. New customer acquisition to purchase STB/equipment for a more efficient operational expenditure.

2. Reduce costs of STB/equipment, viewing card/CAS, outdoor unit, and low noise block (LNB) by at least 25%, which enables the Company to sell the equipment for $31/set, from $44/set.

3. This model will decrease overhead cost, such as sales, technical, and other related expenses.

4. Sale of STB leads to higher revenue and healthier cash flow.

5. Starting November, MVN has transitioned into selling its equipment to customers and will be fully implemented within 6 months.

6. Acquisition target: 2000 new subscribers per day – upon the full implementation of the new model.

Revamping MNC Vision Business Model - Sale of STB/Equipment

www.mncgroup.com

K Vision – Pay TV Platform for the Mass Market Customer Acquisition

(in thousands)

Top Up Voucher Purchase (in billions)

• Prepaid Pay TV, which captures mass market in Indonesia with 20+ mio target homes that can potentially be a subscriber.

• Acquires 8,000 – 10,000 new subscribers on a daily basis with more than 4.1 million subscribers as of September 2020.

• LCO Partnership through digitalization and content licensing.

• QR Link to ramp up voucher sales to Rp50 – 60 bio/month

23

7,3 7,3 35,6 45,3

82,2 107,8

135 161 155

213 205 186

204 226

250 288

382

290 263

August: Acquired by MVN

10,1

12,6 14,1

10 11,4

12,3 12,2 11,8

14

9,5

14,4

16,7

13,6 13,4

www.mncgroup.com

Fixed Broadband and IPTV- Coverage Expansion For Extensive Growth

24

• MNC Play is the 3rd largest broadband and IPTV operator with close to 1.5 million home pass and 290,000 subscribers since its inception in 2014.

• Secured various partnership with neutral network providers to expand its home pass network that lower capex and opex requirement in the future and allows the Company to focus on the delivery of its services (internet & IPTV)


MNC Play has secured partnership with ICON+ and

FiberStar, which allows the Company to lease

excess network capacity to penetrate into

customer homes.

This will expedite MNC Play’s future growth, both

in terms of number of subscribers and home pass

expansion, without having to do internal home

pass rolling out activities.

2 3

Introduction of Playbox (android TV OTT box) in May 2020 to penetrate all broadband

households in Indonesia

3 strategic stance for broadband & IPTV expansion

57 115

175

265 290

0

200

400

600

800

1000

1200

1400

1600

0

50

100

150

200

250

300

350

400

2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9

Subs & HP Growth 2015 - 2019

Subs HP in thousands (000)

1

www.mncgroup.com

Penetrating Untapped Pay-TV Market

25

Local Cable Operator (LCO) Partnership and Acquisition

No of Registered LCO: 417 • In May 2020, MVN completed its first LCO acquisition located in Batam, Kepulauan Riau.

• There are many cable operators that obtain MNC Group’s channels illegally and redistributing it in their own region. Acquiring these LCOs will help to prevent piracy and broaden MVN networks. This strategy lets the Company gain stronger presence in those areas

• By supplying MVN’s content to local cable operators, it will help them better perform and grow rapidly in their respective region.

• Target LCO Partnership (subs based): 2 million subscribers

LCO PARTNERSHIP - METHODS

LCO Acquisition Digitalization /

Content Licensing OR

www.mncgroup.com

Vision+ : TV Anywhere, Anytime

Subscription Video on Demand (SVOD):

• Vision+ provides more than 10,000 hours of VODs and up to 120 linear channels with catch up features, which are offered independently and through bundling with the packages offered by MNC Vision, K-Vision, MNC Play, and Playbox.

Advertising Video on Demand (AVOD):

• Vision+ offers free viewing with ad support for certain VODs and linear channels.

• Free users may upgrade to subscription with no ads if they wish to enjoy premium content, available in sachet pricing, starts from daily, weekly & monthly subscription fee.

26

4.6 mio Registered

32.4 mio MAU

1.3 mio Paid Subscribers

*Data as of September 2020

www.mncgroup.com

MNC Channels: Largest in in-house production and number of channels in Indonesia

IN-HOUSE PRODUCTION (hours)

No Channel Total

1 Kids 3,091.7

2 Music 20,529.5

3 Auto Gadget 2,467

4 Infotainment 3,960

5 Travel & Homes 5,280.5

6 Muslim 5,860.9

7 Lifestyle & Fashion 1,827.8

8 Sport 2,281

9 Soccer 1,348.3

10 MNC News 249

Total Hours 63,345.9

*Data as of June 2020

MVN produces and operates 12 pay channels from various genres for Pay TV/IPTV/OTT viewers

FTA (available exclusively on MVN’s Pay TV Platforms)

27 www.mncgroup.com

28


2. Media




PT MNC Kapital Indonesia Tbk – MNC Financial Services

29

MNC Kapital Indonesia

Bank Finance Securities Life Insurance Asset Management Leasing General Insurance

86.91%* 100%

• Funding products

• Loan facility • Debit and

credit card • Treasury • Trade finance

• Consumer Finance

• Sharia Factoring

• Investment manager

• Investment advisory

• Asset based financing

• Factoring • Operating

lease • Sharia

financing

• Motor vehicle • Property • Marine cargo • Aviation • Other insurance

products

• Financial advisory & underwriting

• Brokerage & margin financing

• Online trading • Fixed income • Research • International

distribution**

100% 100% 100% 100% 100% 100%

Fintech

MNC Group

• Digital payment

• Digital remittance

• Digital financial aggregator

Note: * direct and/or indirect ownership ** in the process

• Group life • Individual life

100%

Payment Gateway

• Payment gateway**

• Biller aggregator**

www.mncgroup.com

MNC Bank – Mobile/Open Banking

• New mobile banking (went live in August 2020) 1.Biometric login (fingerprint, face detection) 2.Transfer (MNC Bank Account, Online, SKN, RTGS &

Virtual Account) 3.Top up SPIN and other e-money 4.Biller integration and payment 5.Realtime notification

• Open Banking (under development)

1.Digital core banking 2.Automatic onboarding with E-KYC 3.Savings, credit card and loan application are all in one

integrated platform 4.QRIS features for online and offline payment 5.Transfer/top up with foreign currency 6.Open API programing to enable connectivity to

external parties

Digital Initiatives – Motion

30

QR Payment

Brief account details

Different dashboard for every account in MNC Bank

More menu Customized

Capable for various online transactions

All menu

www.mncgroup.com

• New features (went live in March 2020) 1.Additional products: education (Hario Pintar),

retirement (Hario Pensiun) and COVID-19 coverage; on top of existing products: accident (Hario Siaga), health (Hario Sehat) and life (Hario Sejahtera)

2.Push notification, autofill and video content 3.Available in iOS platform

• Upcoming features (went live in the end of August 2020) 1.Additional products in synergy with MNC Insurance:

house (MNC Home Express), motor vehicle (MNC Total Care) and travel (MNC Travel Express)

2.QRIS transaction (collaboration with SPIN) 3.Online claim 4.Live chat 5.Loyalty rewards

MNC Life x MNC Insurance – Digital-based Insurance App

Digital Initiatives – Hario

31

Products

Live chat

Sliding banner for promotion or announcement

Subscribed policies

www.mncgroup.com

• Phase 1 – Additional mutual funds products from MNC Asset Management (target completion: end of August 2020, go live subject to OJK’s approval) 1.Limited to MNC Asset Management products 2.Transaction: subscribe and redeem 3. Information: list of products, portfolio’s profit/loss, NAV and

chart 4.Separate portfolio between stock and mutual fund

• Phase 2 – Online APERD for various mutual funds (2.5 months after phase 1) 1.Support other asset management products 2.Risk profile on opening account 3.Transaction: auto-sweep 4. Information: product comparation 5.Mutual fund portfolio as collateral for additional trading limit 6.Automation process back office & regulatory report

MNC Sekuritas – additional features as Online APERD (Mutual Fund Sales Agent)

Digital Initiatives – MNC Trade

32 www.mncgroup.com

Detail of mutual fund

Buy, sell, switch, redeem

Switch to MNC Trade (Stock)

Online account opening

Reports and researches

Biometrics

• Upgrading MNC Duit to service APERD, financial consultants and institution; in addition to current available for retail clients. All in one integrated platform → Phase 1

- Online opening account - Subscription - Balance inquiry - Historical transaction - Redemption and switching - Financial calculator

→ Phase 2 - Auto investment - Direct transaction - Live chat - Loyalty Points (with SPIN)

MNC Asset Management – Online Mutual Fund

Digital Initiatives – MNC Duit

33 www.mncgroup.com

Product offered

to calculate return

Buy, sell, switch, redeem

Live chat

MNC Teknologi Nusantara – e-Money, e-wallet, digital remittance

• New features (went live in May 2020) 1.QRIS transaction on TV 2.From “SPIN Cash” to cash advance via banks

• Upcoming features (target live in Q4 2020) 1.Loyalty programs: SPIN Points, vouchers, special

offers 2.More competitive prices for mobile credit, mobile

internet packages, electricity and water payments 3.Direct host to host with major Banks for low cost

top up, cash out and transfer from and to major banks

4.Live chat 5.Co-branding with other digital apps of MNC Group

Digital Initiatives – SPIN

34 www.mncgroup.com

Mass product payments

QRIS scanner (incl QRIS on TV)

E-wallet, to save credit card

To/from other e-money and bank account

Balance

Transaction history

• Broader/nationwide customer-base with digital on-boarding

• As channeling agent for MNC Bank, MNC Finance and MNC Leasing

• Leverage MNC Group’s ecosystem to minimize risks

• Implement AI based credit scoring using MNC Group’s big data and analytics

In the Pipeline – P2P Lending

35 www.mncgroup.com

Express fund

Paylater

Payroll deduction

Invoice financing

Productive loan

P2P Lending platform

Individual lenders

Institutional lenders / venture capital

Channel Lenders Borrowers

• Acquired this year, Flash Mobile is a payment gateway and biller aggregator company. Expected to be fully licensed this year, Flash Mobile is underway for PCI DSS (highest security standard certification)

• Flash Mobile serves as the most integrated payment gateway and biller aggregator both for MNC Group, and soon for external partners as well

Payment Gateway is a service provider that authorizes credit/debit cards, e-money or direct payments processing for e-businesses and online retailers

Biller aggregator is payment switching that connect between billers and customers using third party networking system such as banks, convenience stores, e-commerce and many more

In the Pipeline – Payment Gateway

36 www.mncgroup.com

MNC Group’s billers

payment Partners

• MNC Vision • MNC Play • Vision+ • Hario • MNC Shop • Installments

• Banks • ATMs • Credit cards • Convenience

stores • SPIN and other E-

money providers

External billers

• PLN • Telkom • Mobile credits • etc

Digital MNC Financial Services Blueprint • MNC Bank, MNC Leasing and MNC Finance will use

available funds or funds received from venture capital to channel loans from P2P lending platform and equity crowdfunding (ECF), where SPIN and Motion users can also participate as individual lender/investor

• MNC Sekuritas can help their ECF companies to grow the business until IPO

• SPIN will act as the financial deepening agent for Motion and other digital platforms to get new customers (combined account opening)

• Hario, MNC Trade and MNC DUIT as insurtech and investment app will provide embedded financial products, ie: auto invest and cross sell, to support users manage their financial

• Flash Mobile will act as the payment gateway, biller management, big data, and identity management

37 www.mncgroup.com

-

Digital Payment & Open Banking

Digital Lending

Fintech Investment

Management

Embedded Digital

Product Provider

P2P Lending platform

Venture Capital

Equity Crowdfunding

Group Loyalty system to connect MNC Group

38 www.mncgroup.com

• The loyalty points will unify all MNC Group’s point systems and redemption

• Customers earn points on every transaction, which can be redeemed to increase attachment, engagement and loyalty to stay within MNC Group’s ecosystem

• With our large customer base, MNC Group loyalty points enable cross-selling, upselling and support event driven offering, which in turn will generate better customer behavior insights and real time analytics

External partners

39


2. Media




PT MNC Land Tbk

40 www.mncgroup.com

MNC Lido City - Masterplan

41 www.mncgroup.com

Phase 1 Masterplan (± 700 ha) TRUMP International Golf Course

TRUMP Country Club & Hotel

TRUMP Residential Villas

Lido Lake Resort

MNC ParkTM (w/ MSIN*)

Retail Dining Entertainment (w/ 3rd Party)

Hotel & MICE (w/ 3rd Party)

TOD (w/ 3rd Party)

MNC University

MNC Office Park (w/ 3rd Party)

MNC Music Festival (by MSIN*)

Movie Land (by MSIN*)

MNC World Gardens

Residential Development (w/ 3rd Party)

1

2

3

4

5

6

7

8

9

10

11

12

13

14 Direct Access From Toll Road

Access From Toll Road to Sukabumi Road

Next expansion of 2,300 ha including Moto GP Circuit, 2nd Golf Course and many more with opportunity to partner with third parties

*MSIN: PT MNC Studios International Tbk

MNC Lido City - Special Economic Zones

42 www.mncgroup.com

Source : https://kek.go.id/

MNC Lido City has the significant potential to be developed as a Tourism SEZ

With an extensive 1040 Ha proposed to be Tourism SEZ, MNC Lido City will support and contribute to the National and Regional tourism industries, as well as providing some multiplier effects, especially for Bogor Regency and its surroundings

MNC Lido City

MNC Lido City

Portfolio Summary – Trump International Lido

43 www.mncgroup.com

Total Gross

250 ha

Including:

40 ha Trump International Resort

Lido

91.5 ha Trump International Golf Club

Lido

105 ha Trump Residences Lido

Portfolio highlights:

1. Trump International Resort Lido 120 roomkeys, 6-star 24/7 lifestyle concierge and personalized service Restaurant and bar, spa & fitness center, meeting and conference facilities Trump standard of excellence

2. Trump International Golf Course and Country Club Lido 18 hole PGA Standard An ultra-exclusive golf & country club with GFA of more than 36,000 sqm Club designed by Oppenheim Architecture Golf course designed by Ernie Els Golf course construction progress: 70%

3. Trump International Residences Lido 281 units of 3BR to 8BR luxury villas 180 units of 2BR to 4BR condominium Designed by Oppenheim Architecture and HBA

MNC Lido City

Trump International Lido

44 www.mncgroup.com

© MNC LAND 2020. ALL RIGHTS RESERVED.

OFFICIAL PARTNERSHIP WITH:

Trump International Resort Lido

Trump Residences Lido

Trump International Golf Club Lido

MNC Lido City

Portfolio Summary – MNC ParkTM, MNC WorldTM, Movie Land & Music Festival Venue

45 www.mncgroup.com

Total Gross

114.4 ha

Including:

65.6 ha MNC ParkTM

48.8 ha MNC WorldTM

21 ha Movie Land

5.7 ha Music Festival Venue


1. MNC ParkTM Introducing the first international scale theme park in Indonesia which features: 6 themed lands,

23 rides & attractions, 6 shows, 17 F&B concepts, 18 retail concepts, 1 multipurpose event hall A host of new characters from the next generation of MNC Animation Building on a Synergistic Business Model across the Group to drive revenue as well as

implementing cross selling and cross promotion with other group’s products and services (both media and financial services)

2. MNC WorldTM Retail and Dining: specialty shopping, dining, and entertainment hotspot with a wide range of

daytime and nighttime activities, including: avenue of stars, live broadcasts, celebrity appearances, live music, etc

Hotels: uniquely themed resort hotels to cater different audiences and price points; 1,400 4-star+ rooms plus 800 3-star rooms adjacent to the resort with integrated convention center featuring a ballroom and meeting room facilities to drive MICE business and weekday occupancy

3. Movie Land and Music Festival Venue Movie Land: First independent movie production complex in Indonesia with large range of

background setting from nature to city Music Festival Venue: 5 main stages, outdoor theatre, amphitheatre, music & art festival,

international music event, café & retail with monorail access

46 www.mncgroup.com

MNC ParkTM

MNC WorldTM Movie Land

MNC Lido City

MNC ParkTM, MNC WorldTM, Movie Land & Music Festival Venue

47 www.mncgroup.com

Total Gross

4.5 ha

Including:

3.4 ha Lido Lake Resort and Convention Center

1.1 ha Lido Lake Resort Extension


1. Lido Lake Resort and Convention Center Approx. 60 km or an hour drive from Jakarta 101 rooms with sizes ranging from 32 sqm to 180 sqm The hotel went through a major renovation in 2017 and was soft opened in November

2018 Facilities and event space: 2 ballrooms and 3 meeting rooms with total capacity of up to

500 pax, outbound facilities, wedding venue Received Certificate of Excellence 2019 from TripAdvisor

2. Lido Lake Resort Extension Additional 125 rooms Facilities and event Space: Water Leisure Activities, wedding venue, meeting venue,

ballroom

MNC Lido City

Portfolio Summary – Lido Lake Resort

MNC Lido City

Lido Lake Development

48 www.mncgroup.com

• SOEKARNO PARK – Orange Pergola Restaurant – Retail & Food Court – Soekarno Villa Coffee Shop – Soekarno Villa Preserved Building – Lakeside Pool

• LIDO LAKE ADVENTURE PARK

A. Paintball Zone B. Highrope Course C. Tree House D. Kayak Harbour E. Archery Shoot F. Kids Playground G. Sky Bike H. Flying Fox Landing | 260 m I. Lido Lake Hotel J. Lido Lake Hotel 2 K. Soekarno Park

• The biggest outbound facilities in Indonesia with more than 60 games

MNC Lido City

Transit Oriented Development (TOD)

49 www.mncgroup.com

© MNC LAND 2019. ALL RIGHTS RESERVED

• Total Area: 7 Ha

• Integrated Transportation Modes: 1. Train Station 2. Bus Terminal

• Commercial area

• 3 Apartment towers

• Estimated construction commencement: 2021

• To be developed in cooperation with third parties

MNC Lido City

Bodogol National Park

50 www.mncgroup.com

NATURE ACTIVITIES PROGRAM

MNC

LIDO CITY

BODOGOL

Gede Pangrango Mountain

Salak Mountain

MNC Land collaborates with Mount Gede Pangrango National Park to manage Bodogol as an agro tourism destination

MNC Bali Resort - Masterplan

• According to BPJT (Toll Road Regulatory Agency), our site will be near the newly planned toll road in Bali that connects Kuta to Gilimanuk.

• The completion of the new toll road will be in line with the completion of our project.

• Via the new toll road, Kuta – Canggu – Tanah Lot can be reached in 20 minutes

The largest and most integrated lifestyle resort development in Bali, MNC Bali Resort with a total area of 107 ha

Hotel and Beach Club

Golf Club

Golf Course

Luxury Villa

Back of House

Condo

Landbank

Toll Road

1

2

3

4

5

6

7

8

51 www.mncgroup.com

52 www.mncgroup.com

MNC Bali Resort

Portfolio Summary – Trump International Bali

Total Gross

107 ha

Including:

14.3 ha Trump International Resort Bali

54 ha Trump International Golf Club

Bali

8,397 m2

Trump Beach Club Bali

14 ha Trump Residences Bali


1. Trump International Resort Bali 151 roomkeys of suites and villas Trump International Resort, a 6-star Hotel providing the Finest Expression of Glamour, Luxury and

Service

2. Trump International Golf Club Bali A top course in Asia designed by Phil Mickelson (18 holes – Par 72) Home of International Golf Events Signature hole facing the Tanah Lot and Indian ocean An ultra-exclusive golf club providing state-of-the-art facilities, orchestrated by a 24/7 lifestyle concierge GFA Golf Club: 8,653 m2

3. Trump Beach Club Bali Features a state-of-the-art Trump Beach Club Bali designed to present a 360-degree view of the Indian

Ocean Total GFA: 8,397 sqm Planned Facilities: Beach Club Restaurant , Swim – Up Bar, Pool Bar, Cigar & Cognac Lounge,

Delicatessen, Beach Club & Deck, Cabanas, VIP Lounge, Swimming pool, DJ booth, White sand pit, Amphitheater

4. Trump International Residences Bali 144 units of 3BR to 5BR Luxury Villas 223 units of 1BR to 2BR Condominium Designed by Oppenheim Architecture and HBA

53 www.mncgroup.com

MNC Bali Resort

Trump International Bali

Trump International Resort Bali Trump International Golf Club Bali

Trump Residences Bali Trump Beach Club Bali

OFFICIAL PARTNERSHIP WITH:

© MNC LAND 2020. ALL RIGHTS RESERVED.

54 www.mncgroup.com

Hospitality and Others

Portfolio Summary

Total Gross

430,000 m2

NLA

346,600 m2

Including:

5,800 m2

Co-working Space

Note:

Owned Gross: 197,000 m2 NLA: 121,500 m2

MICE 24,000 m2

(both offices and hospitality)


• Hospitality and others segment includes our hotel resorts, office buildings, and co-working. Development is intended to maximize the utility of our land banks that are all located in the prime area in both Jakarta and Surabaya. Thus, in the past 5 years MNC Land has developed MNC Financial Center, BEI Surabaya, Oakwood/One East and Park Tower & Park Hyatt Jakarta.

• The portfolio has generated sizable recurring income with high occupancy and competitive rent supported by the captive market from MNC Group as well as external customers.

• Jakarta Office Portfolio highlights: 1. MNC Center in Kebon Sirih, Central Jakarta

An integrated mixed use complex with approx. 5 ha land area Strategic location near CBD, Government’s offices and embassies Latest addition is Park Tower Jakarta, a premium Grade-A office Jakarta Concert Hall (capacity of 1,024 pax) MNC Conference Hall (capacity of 455 pax)

2. MNC Studios in West Jakarta A total area of 12 ha The largest broadcast & production facilities in South East Asia

• Surabaya Office Portfolio highlights: BEI Surabaya Strategic location in central Surabaya Anchor tenant: BEI/IDX (Indonesian Stock Exchange)

55 www.mncgroup.com


The Westin Resort and BICC

• Location: ITDC complex in Nusa Dua area and approx. 13 km or 30 minutes away from Ngurah Rai International Airport.

• 5-star Hotel Resort with total room keys of 433 rooms with sizes ranging from 38 sqm to 171 sqm.

• Latest awards: Best Family Hotel by Exquisite Awards 2018, Best Conference Hotel in Asia, Ranked #9 by Smart Travel Asia 2018 Best Travel Poll, Luxury Wellness Spa for Heavenly Spa, Regional Winner by World Luxury Spa Awards 2018.

• MICE facilities with a total area of ~15.700 m2, largest convention hall: 2.394 m2 with capacity of up to 2,500 pax.

• Hosted Events: Miss World 2013, APEC CEO Summit Indonesia 2013 and IMF-World Bank Meeting 2018, Indonesia Africa Infrastructure Dialogue 2019.

56 www.mncgroup.com


Oakwood Hotel & Residence

• Location: Kertajaya Indah, an elite area in Surabaya, East Java

• 5-star Hotel with total room keys of 144 rooms with sizes ranging from 44 sqm to 110 sqm.

• Managed by Oakwood, an award-winning and the largest serviced apartment operator in the world.

• Grand opening of the hotel was held on 9 September 2019.

• Supporting facilities: sky lounge, kids room, skypool, private cinema and fitness center.

• Event Space: Grand Ballroom with total capacity of up to 500 pax.

Video One East Penthouse & Residences Collection.M4V

57 www.mncgroup.com


Park Hyatt Jakarta

The first and the only Park Hyatt brand hotel in Indonesia

Location: MNC Center, Central Jakarta, very close to Governments’ offices and embassies, CBD Jakarta and elite residential landmark of Menteng.

6-star Hotel with total room keys of 222 rooms with sizes ranging from 57 sqm to 317 sqm.

Supporting facilities: Ballroom, Meeting rooms, Spa and Fitness Center as well as world-class dining and entertainment experience.

Target opening: 2021

58 www.mncgroup.com


New Venture: Co-working Space

The initiation to launch a new business venture in Co-working Space is in line with high demand for co-working space and virtual office. Last year alone, a research by Jones Lang LaSalle (JLL) shows that virtual and co-working space absorbed 33% of total office space requests in 2018 and the demand is expected to further increase this year.

The 1st Co-working space area in Park Tower was soft opened on 1 October 2019, in collaboration with Kolega.

Supporting facilities including state-of-the-art Leisure space, Event space, and Meeting room.

GoWork co-working space was opened in February 2020 at BEI Building Surabaya.

A new co-working space at Mega Kuningan, Jakarta is under development. Mega Kuningan is an integrated diplomatic and business area equipped with international standard infrastructure and utility networks.

59 www.mncgroup.com


Office Building (1)

MNC Tower & Plaza MNC Financial Center Park Tower Jakarta iNews Tower* High End Building Sindo Building

Location: MNC Center, Kebon Sirih, Central Jakarta

* The property is owned by MNC Group, MNC Land is the project manager and building manager of the Property

60 www.mncgroup.com


Office Building (2)

Location: West Jakarta

MNC Studios* MNC College MNC Vision Tower* Indovision Bali Building BEI Building

Location: Bali & Surabaya, East Java

* The property is owned by MNC Group, MNC Land is the project manager and building manager of the Property

61


2. Media




62

Consolidated Statements of Profit or Loss 1H 2020 (Unaudited) and 1H 2019 (Unaudited)

62 www.mncgroup.com

Ads - Non Digital

37% Ads - Digital

6%

Content 11% Pay TV and

Broadband 24%

Financial Institutions

17%

Others 5%

1H 2020 Revenue Contribution

in million Rupiah 1H2020 1H2019

Profit and Loss

Net Revenues 7.148.054 7.827.108

Gross profit 526.429 1.344.694

Net income 284.365 1.030.524

Total net income (loss) attributable to :

- Owners of the company (480.233) 261.027

- Non-controlling interests 764.598 769.497

Total comprehensive income 250.568 1.196.056

Total comprehensive income (loss) attributable to :

- Owners of the company (479.926) 364.080

- Non-controlling interests 730.494 831.976

Earnings (loss) per share (in full Rupiah) (7,16) 5,10

7.827.108

2.783.824

1.952.295

7.148.054

2.545.097

1.707.690

0

1.000.000

2.000.000

3.000.000

4.000.000

5.000.000

6.000.000

7.000.000

8.000.000

9.000.000

Revenues EBITDA Income from operations

in m

illio

n R

up

iah

1H2019 1H2020

63

Consolidated Statements of Financial Position 1H 2020 (Unaudited) and FY 2019 (Audited)

63 www.mncgroup.com

in million Rupiah 1H2020 FY2019

Balance SheetTotal assets 56,499,507 57,613,499

Total liabilities 26,611,962 28,781,322

Total equity 29,887,545 28,832,177

Ratios - - Profit (loss) to assets ratio (%) 1.01 3.62

Profit (loss) to equity ratio (%) 1.90 7.24

Profit (loss) to revenues ratio (%) 3.98 13.08

Current ratio (%) 119.27 108.82

Liabilities to equity ratio 0.89 1.00

Liabilities to assets ratio 0.47 0.50

57.613

28.781 28.832

56.500

26.612 29.888

-

10.000

20.000

30.000

40.000

50.000

60.000

70.000

Assets Liabilities Equity

FY2019 1H2020

in B

illio

n R

up

iah

64 64

Historical 5 Years in million Rupiah 2019 2018 2017 2016 2015

Profit and Loss

Net Revenues 15.967.376 14.725.851 13.580.269 12.894.525 12.878.191

Gross profit 7.764.004 7.163.896 5.757.191 5.130.930 4.655.262

Net income 2.087.823 945.195 524.708 847.943 (570.323)

Total net income attributable to :

- Owners of the company 430.814 86.353 148.619 232.931 (845.752)

- Non-controlling interests 1.657.009 858.842 376.089 615.012 275.429

Total comprehensive income 2.171.828 994.169 398.227 810.489 (445.428)

Total comprehensive income attributable to :

- Owners of the company 504.582 152.067 65.875 210.325 (714.054)

- Non-controlling interests 1.667.246 842.102 332.352 600.164 268.626

Earnings (loss) per share (in full Rupiah) 7,45 1,78 3,14 5,50 (22,02)

Balance SheetTotal assets 57.613.499 56.421.973 56.523.811 55.292.949 53.299.268

Total liabilities 28.781.322 31.925.209 32.437.621 31.129.457 30.464.913

Total equity 28.832.177 24.496.764 24.086.190 24.163.492 22.834.355

Ratios - - - - - Profit (loss) to assets ratio (%) 3,62 1,68 0,93 1,53 (1,07)

Profit (loss) to equity ratio (%) 7,24 3,86 2,18 3,51 (2,50)

Profit (loss) to revenues ratio (%) 13,08 6,42 3,86 6,58 (4,43)

Current ratio (%) → assets / liabilities 108,82 111,72 97,60 108,08 111,55

Liabilities to equity ratio 1,00 1,30 1,35 1,29 1,33

Liabilities to assets ratio 0,50 0,57 0,57 0,56 0,57

www.mncgroup.com

MNC Financial Center 21st Floor Jl. Kebon Sirih No. 21-27 Jakarta 10340, Indonesia

Tel. +62-21 2970 9700 Fax. +62-21 3983 6870

Email: [email protected] www.mncgroup.com
http://www.mncgroup.com/

corporate update update … · drama, talent search, animation, sitcom, movie, reality,...

Documents