Corporate UpdateMay 2017

PT Media Nusantara Citra Tbk.

Listed and traded on the Indonesia Stock Exchange

STOCK CODE: BMTR

MNCN

MSKY

Disclaimer

2

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MNC Media Corporate StructureSection 1

MNC Media Corporate Structure

4

Global Mediacom Tbk

Media Nusantara Citra Tbk

Content and Advertising Based Media

62.6%

MNC Sky Vision Tbk PT MNC Kabel Mediakom

PT Sky Vision NetworkSubscription Based Media

Online Media

* total group ownership is currently over 95%

87.6%* 100 %

100 %

Indonesia’s Media Industry UpdateSection 2

26%

17%42%

8%

7%

0-14 15-24 25-54 55-64 65+

University4% Academy

3%

Senior High29%

Junior High19%

Elementary23%

NA22%

6

Millions

Population (2014)

Source: MPA 2015

A Young Population : 80% - Below 50yr

Macro drivers support industry growth

Source: Indonesia Statistics 2015

Completed Education Level

Source: Nielsen Media ResearchSource: 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 35006% A2 2501-

35009%

B 1751-250020%

C1 1251-175026%

C2 901-125021%

D 601-90013%

E <6005%

1,362 1,248

251 99 71 30 24 6

7

Net Adspend as a Percentage of GDP (2013)

Source: Media Partners Asia 2014

In USD/spot

Well Positioned in a Conducive Growth Environment

30 seconds prime time spot

Net ad spend as % of GDP is the lowest in the region indicating solid growth potential

The price for a 30 seconds prime time spot is cheap compare to other ASEAN countries

0.9%

0.7% 0.7%0.6%

0.6%

0.5%0.4%

0.4% 0.4%0.3% 0.3% 0.3% 0.3%

0.2%

$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

8

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

Industry Dynamics

Limited Supply : Only 11 FTA TV stations Demand (More brands advertising on TV)

40%

29%

17%

12%3%

MNCN

SCMA

VIVA

Trans

Others

Source: Nielsen Prime-Time all demography YTD March 2017

Limited Supply : Only 11 FTA TV stations

100% 100% 100% 100%96% 99% 97% 97% 93%

85% 82%

61% 58%

99% 100% 100% 100%96% 99% 97% 97% 93%

86% 84%

62% 60%

Korea Japan Singapore Hong Kong Malaysia Australia China Thailand Taiwan Vietnam Philippines India Indonesia

2013 2014

9

Asia Pacific TV Penetration of Total Households (2013-2014)

5.7

5.8

5.9

6.0 6.0

2010 2011 2012 2013 2014

18.0%20.5%

23.7%

27.1%30.2%

2010 2011 2012 2013 2014

Low Penetration Rates in Key Segments

Millions

Internet Household Penetration in IndonesiaNewspaper Circulation in Indonesia

Source: Media Partners Asia 2015

10

Media viewership in 2015

10

14

16

38

52

96

Cinema

Print

Radio

Internet

OOH

TV

Consumer Media View 2015 (%)

1214

30

2013 2014 2015

People Owning Smartphone (%)

Source: Nielsen Consumer Media View 2015

11

32%

61%

71%

2011 2014 2015

3 hours73%

>3 hours27%

% of daily internet user

Time Spent Internet in Daily (%)

vs

TV average of 5 hours per day

TV still Outweighs Growing Digital and Internet Consumption

Source: Nielsen Consumer Media View 2015

The average American watches an astonishing 5 hours and 4 minutes of TV a day according to Nielsen.

TV’s cumulative audience increase, to 213.5 million people, or 87.9%. A year ago, reach was 210.3 million, or 87.6%.

Americans aged 18 to 24, still watch 16.2 hours a week, whilst the 35 or older watch double that in a week.

About 50 percent of Americans now have subscription services like Netflix, Amazon Prime and Hulu in their homes.

More platforms more content, benefitting content provider. 12

More People Are Watching TV Now Than a

Decade Ago, and millennial will come around, too

4:31 4:34 4:51

0:33 0:330:32

1:52 1:511:54

0:08 0:090:100:14 0:140:120:13 0:090:05

0:58 0:480:49

1:39

1:02 0:47

0:31

0:19 0:12

0:00

1:12

2:24

3:36

4:48

6:00

7:12

8:24

9:36

10:48

12:00

Q1 2016 Q1 2015 Q1 2014

source: Nielsen 1Q US Total Audience Report

Tablet

Smartphone

PC

Multimedia Device

Game Console

DVD

Radio

DVR/Time-Shifted TV

Live TV

US Advertising Market Share

13

14

FTA TV TIME SPENT IS STILL GROWING, WITH 35+ AGE

GROUP BEING MOST DOMINANT

4:18 4:34

4:26 4:37

4:25 4:53

4:214:58

4:29

5:20

2006 2016

50+

35 - 49

25 - 34

15 - 24

5 - 14

Hr:M Hr:M

13%

21%

21%

23%

21%

18%

27%

17%

19%

18%

Source: Nielsen, Universe %, 2006 (8 cities), 2011 (10 cities) and Jan – Sep 2016 (11 cities), all people 5+, All Time

15

OVER 90% OF ONLINE INDONESIANS REGULARLY

CONSUME TV AND ONLINE MEDIA SIMULTANEOUSLY

Simultaneous media consumption (TV + Online) – 2015 vs 2011

AGEDUAL SCREEN – 2011 DUAL SCREEN – 2015

TOTAL

10’s

20’s

30’s

40’s

50’s0%

45%

45%

46%

43%

47%

94%

93%

93%

96%

92%

88%

Source: Nielsen Cross Platform Report 2015, 16+

16

... AND THEY’RE MOST LIKELY TALKING ABOUT TV

Participation in social TV activity during 2015 (among total online population)

INTERACTING WITH OTHERS OR

POSTING COMMENTS about TV

Programs (Incl. Sports) or Movies as

you are watching them, or about those

you watched recently

READING OTHER PEOPLE’S

COMMENTS about TV Programs (Incl.

Sports) or Movies as you are watching

them, or about those you watched

recently

Weekly or more often

Within last 12 months 79%

58%

Weekly or more often

Within last 12 months 86%

57%

Source: Nielsen Cross Platform Report 2015, 16+

17

Indonesia’s Media Advertising Market Share

2019F2014

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

Source: Media Partners Asia 2015 and Nielsen 2016

TV, 65.8%

Newspapers, 20.4%

Magazines, 2.6%

Online/Mobile, 7.3%

OOH, 2.2%Radio, 1.3%

TV, 65.5%

Newspapers, 18.2%

Magazines, 2.4%

Online/Mobile, 10.5%

OOH, 2.0% Radio, 1.1%

MNC UpdateSection 3

The Largest Integrated Media Company in Southeast Asia

RADIO

PRINTENTERTAINMENT

NEWS & SPORTS

SUPPORTINGFREE-TO-AIR TV CONTENT

19

PAY-TV CHANNELSCONTENT LIBRARYTALENT

MANAGEMENT

Content library containsmore than 300,000 hoursand increasing by morethan 15,000 hours peryear

TALENT SEARCH/ NEWS/ VARIETY/ SPORTS

ANIMATION

IN HOUSE PRODUCTION UNITS

DRAMA/ MOVIES/ FTV

RCTI, MNCTV,

GlobalTV, iNewsTV

MNC Sports

Our Key Growth Drivers

20

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 Visionto generate ad revenue

Integrated TV studios has been completed in 2015, is set to increase production capacity and quality of programming with efficient costs

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

21

Source: Nielsen Prime-Time All Demographic Audience Share

Prime-Time Nielsen TV stations ranking

YTD March

Share

1 RCTI ABC 25.1

2 SCTV ABCD 16.7

3 ANTV ABC 13.5

4 IVM ABCD 12.2

5 MNCTV ABCD 8.6

6 TRANS ABC 5.8

7 TRANS7 ABC 5.8

8 GTV ABC 4.9

9 TVONE ABC 3.1

10 METRO AB 2.0

11 INEWS AB 1.3

Rank Station Target

Audience

Top 20 Drama Series as of March 2017

22

• New comedy drama series produced by MNC Pictures “Dunia Terbalik” performed very

strong topping the program charts.

• 4 out of the Top 20 program for March 2017 belongs to MNC

Source: Nielsen, ALL DEMO, 5+

No. Program Name Chn TVR SHR

1 DUNIA TERBALIK RCTI 6.2 24.9

2 ANAK LANGIT SCTV 5.3 21.6

3 BERKAH CINTA SCTV 4.0 20.4

4 TOP TUKANG OJEK PENGKOLAN RCTI 3.7 17.1

5 ORANG-ORANG KAMPUNG DUKU SCTV 3.0 13.2

6 ANAK SEKOLAHAN SCTV 2.9 16.9

7 GEET ANTV 2.7 14.5

8 ANANDHI ANTV 2.7 20.7

9 MOHABBATEIN ANTV 2.7 10.3

10 CINTA DARI SURGA RCTI 2.4 14.8

11 LONCENG CINTA ANTV 2.4 10.3

12 GOPI ANTV 2.4 17.4

13 PAAKHI ANTV 2.4 17.6

14 NADIN ANTV 2.4 10.5

15 DEV & SONA ANTV 2.3 16.0

16 ROMAN PICISAN THE SERIES RCTI 2.2 14.3

17 JANJI SUCI VIDYA ANTV 2.2 11.6

18 ARCHANA MENCARI CINTA ANTV 2.2 16.3

19 CAHAYA CINTA ANTV 2.2 10.3

20 BAALVEER ANTV 2.0 17.1

Biggest producer of in-house content in Indonesia

Star Media Nusantara

RCTI, MNCTV, GTV and Sport

Productions

MNC Pictures

MNC Animation

• MNC produces over

15,000 hours of in house

content every year. 41

hours per day! More than

any competitors in

Indonesia.

• Full control from talent

management to

production to broadcast

• 4 in house production

divisions: The

programming strategy

allows RCTI to achieve

industry leading 55%

EBITDA margins.

Integrated end to end programming strategy drives highest margins

23

24

MNC Has The Best Talent Search Format Lineup

Pioneering the international scale talent search programs in Indonesia, such as

Indonesian Idol - 8th season and running,

X-Factor Indonesia - 2nd season and running,

Rising Star Indonesia - The 1st Season with interactive talent search programs

MasterChef Indonesia - 3rd season and running

The Voice Indonesia – Aired February 2016

Our talent search programs are 3x more profitable than competing “In-house” dangdut singing competition

Sports

Movies

Lifestyle

News

Entertainment

Kids

Local content

25

The most comprehensive Pay-TV Channels line-up

We have the most comprehensive Pay TV channel lineup in Indonesia

Our customers prefer local content

Producing content in Bahasa Indonesia is our competitive advantage

We generate subscription revenue and advertising revenue

means it is the leader in its Pay TV category

Top 20 Most Watched Pay TV Channels for 2016

26

Source: AGB Nielsen Report

NO. CHANNEL

11 COMEDY CHANNEL

12 NGC WILD

13 FOX MOVIES PREMIUM

14 CINEMAX

15 MNC ENTERTAINMENT

16 MNC INFOTAINMENT

17 MNC NEWS

18 MOVIE CHANNEL

19 CHANNEL V

20 CELESTIAL MOVIES

NO. CHANNEL

1 DISNEY JUNIOR

2 DISNEY CHANNEL

3 CARTOON NETWORK

4 NATGEO CHANNEL

5 KIDS CHANNEL

6 DRAMA CHANNEL

7 MNC MUSLIM

8 MNC SPORTS

9 HBO HITS

10 HBO

2727

Pay TV Channels to drive ad revenue for MNCN

OPPORTUNITIES

MNCN has produced and packaged 23 Pay TV

channels exclusively for MNC Sky Vision. In return

MNCN receives 100% ad revenue

MNC Sports, MNC Infotainment, MNC News and

MNC Business, MNC Music Channel are ranked #1 in

their respective categories versus its International

peers

We expect MNC Channels to generate meaningful

advertising revenue as subscribers grow

Source: Nielsen TV Audience Measurement YTD September 2015

MNC Channels share of Pay TV audience in 2015

Rank Sports Channel Channel Share

1 MNC SPORTS2 3%

2 FOX SPORTS 2 1%

3 FOX SPORTS 1%

4 SOCCER CHANNELS 1%

Rank News Channel Channel Share

1 MNC NEWS 2%

2 BERITA SATU 1%

3 MNC WORLD NEWS 0.3%

4 CNN INTERNATIONAL 0.2%

Rank Lifestyle Channel Channel Share

1 MNC ENTERTAINMENT 2%

2 MNC INFOTAINMENT 2%

3 MNC LIFESTYLE 1%

4 MNC FOOD & TRAVEL 1%

Rank Business Channel Channel Share

1 IDX CHANNEL 0.4%

2 CNBC Asia 0%

3 Bloomberg 0%

Rank Music Channel Channel Share

1 CHANNEL V 1%

2 MUSIC CHANEL 1%

Rank Entertainment Channel Channel Share

1 DRAMA CHANNEL 4%

2 HBO HITS 3%

3 HBO 3%

4 COMEDY CHANNEL 2%

Source : Nielsen TV Audience Measurement 2016

MNC Channels31%

FOX15.71

Disney13.53

Turner 9.43

HBO5.53

AMC Networks2.49

Sony2.25

Discovery1.90

NBCU1.89

Others4.83

iNews TV the Largest National Network TV

28

• iNews TV was launched on April 6th 2015

• Focusing on 24 hours news, entertainment and sports

Payakumbuh

Lubuk LinggauMasohi

■

Biak

Nabire

Singaraja

Jakarta

■■

Sumenep■■ ■

Bojonegoro

KediriMadiun

■

■■ ■

■■Jambi

Medan

Batam

Padang

Lampung

Palembang

Surabaya

Bali

Pontianak

Makassar

Bandung

PurwokertoMagelang

Semarang

Tasikmalaya

Samarinda

Pleihari Kendari

Gorontalo

Kupang

Mataram

Cirebon

PaluTernate

Ambon

Manokwari■ Pekanbaru

Banda Aceh

BengkuluPalangkaraya

Manado

Sabang

Lhokseumawe

PematangSiantar

Bukit Tinggi

PangkalPinang Mamuju

Tarakan

Merauke

■Tenggarong

Total : 51 Stations Nationwide

Integrated Studio Facilities

29

Financial Update Media Nusantara CitraSection 4

31

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

MNCN FS Q1-2017 VS Q1-2016

32

Income Statements (In IDR Bio) Q1-2017 Q1-2016 YoY

Revenues 1,609.6 1,538.7 5%

EBITDA 620.5 577.1 8%

EBITDA Margin 39% 38%

Net Income 419.0 479.6 -13%

Net income margin 26% 31%

33%

38%

42% 42%

37% 37%

41% 40%

45-48%

2011A 2012A 2013A 2014A 2015A 2016-1Q 2016-2Q 2016-3Q 2019E

33Source : Company information

Strong revenue growth with increasing EBITDA Margins

Room For Further Margins Improvement

34

Hary Tanoesoedibjo

President Commissioner

Founding shareholder and Group Executive Chairman of PT Bhakti Investama Tbk. since 1989

Currently holds positions in several other companies, including Group President & CEO of PT Global Mediacom Tbk. since

2002, President Commissioner of RCTI since 2008, President Commissioner of PT MNC Sky Vision (Indovision), President

Commissioner of Media Nusantara Informasi since 2008, President Commissioner of MNC Networks since 2008, President

Commissioner of MNC Pictures since 2007, and many other companies within MNC Media and Bhakti Investama Group

MBA degree from Ottawa University, Canada

Bachelor of Commerce (Honors) degree from Carleton University, Ottawa, Canada

David Fernando Audy

CEO Director of PT Global Mediacom Tbk since 2012. Also the President Director of PT Global Informasi Bermutu since 2010 and PT

Linktone Indonesia since 2011

Previously held several important positions such as the Managing Director of PT Media Nusantara Informasi, as Senior

Manager Corporate Finance then as Head of Investor Relations of PT Media Nusantara Citra Tbk

Previously worked at PT Elektrindo Nusantara from 2005 to 2006 and PT Mobile-8 Telecom Tbk from 2003-2005

Master of Commerce in Professional Accounting from the University of New South Wales and a Bachelor of Commerce in

Finance and Information System from the University of New South Wales

Faisal Dharma Setiawan

CFO CEO of PT Asuransi Jiwa Adisarana WanaArtha in 2012, Vice CFO – Strategy & Finance in PT Bank CIMB Niaga Tbk. in 2009

Commissioner in PT CIMB Sunlife and PT Asuransi CIGNA in 2009

AGM in PT Indo Kordsa Tbk in 2000, Director of Pension Funds Indo Kordsa Director in 1996

Graduated from Prasetya Mulya, Graduate School of Management with “MM” degree in International Business in 2001

Graduated from Universitas Katolik Parahyangan with Civil Engineer Degree (Bachelor Degree) in 1984

Ella Kartika

Director Managing Director in PT Global Informasi Bermutu in 2013

Programming & Production Director in PT Rajawali Citra Televisi Indonesia in 2011

Programming & Production Director in PT Global Informasi Bermutu in 2010

Sales & Marketing Director in PT Global Informasi Bermutu in 2008

Obtained Master of Management Program from University of Indonesia majoring in Finance & Banking in 1998

Kanti Mirdiati Imansyah

Director Director Sales and marketing of RCTI from 2010 – 2012, GM Sales and Marketing manager and Director Sales and Marketing

of CTPI from 2006-2010

AVP Sales and Marketing of Duta Visual Mandiri from 2003-2006, Head of Acquisition Manager of RCTI from 2002 – 2003

Sales Group Head Trans TV from 2000 – 2003, Sales Group Head & Account Executive1990 – 2000

Bachelor Degree of Science from La Jolla Academy of Advertising Arts and Associate Degree Fashion Merchandising from IFS

San Diego, USA

Highly Qualified and Experienced Management Team

35

Angela Tanoesoedibjo

Director

Managing Director of PT. Global Informasi Bermutu since 2014

Director of PT Megah Group since 2013 and MNI Entertainment since 2008.

Co-Vice President of MNC Channels in 2013

Corporate Finance & Business Development in 2010 – 2013.

Bachelor of Arts in Media Arts and Production from The University of Technology, Sydney and Master of Commerce in Finance

from The University of New South Wales, Australia.

Diana Airin

Director President Director of PT. Media Nusantara Informasi, PT. MNC Networks (Radio), & PT. Cross Media International (Media

Buying Agency) since 2013

Director of Sales Marketing of Seputar Indonesia, SUN TV, High End & High End Teen, and Network Magazine in 2010

Bachelor Degree of Economy – Management from Tarumanegara University

Arya M. Sinulingga

Director President Director in PT Hikmat Makna Aksara (Sindo Weekly) in 2008

Corporate Secretary in PT Global Mediacom and PT Media Nusantara Citra in 2008 and 2010

Chief Editor in Global TV in 2011

Graduated from ITB (Institut Teknologi Bandung) with Bachelor of Civil Engineering degree in 1995

Gwenarty Setiadi

Independent Director

Director of Human Resources and General Services in PT MNC Sky Vision Tbk in 2009, GM Human Resources and General

Services in PT Media Nusantara Citra Tbk in 2008.

Vice President (VP) in Citibank for Human Resources and General Services in 2007, Head of Direct Sales Training Academy &

HRRM in 2005, Outsourcing Management Head in 2004

Graduated from University of Satya Wacana with Bachelor degree in Agronomy in 1982

Highly Qualified and Experienced Management Team

Thank You

For further information, please contact Investor Relations Division:

Tallytha Amandatallytha.amanda@mncgroup.com

Christy Kusuma Atmajachristy.atmaja@mncgroup.com

David F. Audydavid.audy@mncgroup.com

PT Global Mediacom TbkMNC Tower 29th Floor

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

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

Website: www.mncgroup.com