March 2017

VIVA Group Corporate

Presentation

Agenda

Industry Overview

Our Performance

Our Entertainment

Our News

2

3

4

5

Our Company1

Our Digital6

2

VIVA Corporate Structure, lean and focused on core businesses

3

>175MTV Audience

>70%Content produced

in-house

40MDigital Audience

(PT Visi Media Asia Tbk.)

(PT Intermedia Capital Tbk.)

(PT Cakrawala Andalas Televisi)

(PT Lativi Mediakarya)(PT Viva Media Baru)

Free-To-Air (FTA) TV New media (Online)

#2 Entertainment TV Station in FY2016,

focusing on entertainment content for

families and children.

#1 News and Sport TV

Station for eight consecutive

years focusing on content for

a male audience.

Leading digital multiplatform

portal focusing on news and

lifestyle content.

INDUSTRY

OVERVIEW

Indonesia’s demography: Female, young, rapidly growing middle class

Upper 1 Upper 2 Middle 1 Middle 2 Lower

2016

2017

Social Economic Classification (SEC)

Age

Female

Male

51.4

48.6

51.9

48.1

Female Male

2016 2017

Source: 1 Jan - 28 Feb 2016 & 1 Jan - 28 Feb 2017, Total TV, 11 Cities, Reach 000’s

51.9

48.1

79%

5-9 10-14 15-24 25-34 35-44 45-54 55+

2016

2017

2016 Media industry advertising expenditure increased by 53% since

2011, still growing, FTA TV remain as the dominant media platform

6

(USD mn)

Industry Landscapeby Media Partners Asia February 2017

920 1,057 1,176 1,281 1,246 1,345 1,439 1,535 1,630 1,720 1,790 37

66 103

145 195 275

371 483

584 654

719

-

500

1,000

1,500

2,000

2,500

3,000

3,500

2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

FTA Digital (Online/Mobile) Others

60%66%

2,723

2,533

2,3302,132

1,9521,9861,804

1,600

1,389

2,9972,873

64%65%66% 62%63%64% 61% 60%60%

VIVA FTA TV stations focused, specific, targeted and successful

Source: AGB Nielsen Media Research 11 cities, index, 01 Jan – 28 Feb 2017

7

Less Effective

Effective More Effective

MEDIA

ANTV TVONE RCTI GTV MNCTV SCMA IVM TRANS TRANS7 METRO

MALE 109

FEMALE 123

5-9 133

10-15

15-24

25-34

35-44 117 102

45-54 108 174

55+ 115 206

UPPER 1 117

UPPER 2 105 107

MIDDLE 1 105

MIDDLE 2 106 107

LOWER 102

MNC EMTEKTARGET AUDIENCE

GENDER

AGE

SEC

VIVA TRANS CORP

OUR

PERFORMANCE

VIVA is the fastest growing media group by far, increased TV Share by 110%

since 2011, top gainer from 2016 to 2017

9

Source: Nielsen TA All People, 1 Jan - 28 Feb 2016, 1 Jan - 28 Feb 2017

9.810.7 11

15.6 14.9

17.3

20.6

0

5

10

15

20

25

30

35

40

2011 2012 2013 2014 2015 2016 2017

MEDIA GROUP SHARE PERFORMANCE

2011 - 2017

2.6

3.6

4.5

5.9

6.3

9.3

10.7

12.1

16.6

17.3

RTV

NET

GTV

TRANS

TRANS7

MNCTV

IVM

SCTV

RCTI

ANTV

ENTERTAINMENT TV

1.51.71.9

3.3

KOMPASTVINEWSTV

METROTVONE

NEWS TV

4.3

-0.5-1.9

-2.7-4-3-2-1012345

VIVA SCMA TRANS MNC

TV SHARE GAIN (LOSS) 2016 TO 2017

JAN-FEB 16 16.3 23.3 14.1 34.8

JAN-FEB 17 20.6 22.8 12.2 32.1

# OF TV 2 2 2 4

VIVA has a proven track record of outperforming industry revenue, 2012-2016

revenue CAGR of 16.5%

(IDR bn)

1,253

1,690

2,273

2,109

2,686

-

500

1,000

1,500

2,000

2,500

3,000

2012A 2013A 2014A 2015A 2016A

Revenue

Revenue Contribution Prime Time (PT) vs. Non-Prime Time

(NPT)

2012 2013 2014 2015 2016

ANTVPT 51% 50% 54% 58% 36%

NPT 49% 50% 46% 42% 64%

tvOnePT 38% 36% 32% 33% 34%

NPT 62% 64% 68% 66% 66%

Gross Advertising by Sector

2012 2013 2014 2015 2016

F&B 34.3% 33.6% 39.9% 45.4% 41.8%

Toiletries 16.7% 14.6% 11.0% 12.3% 16.9%

Healthcare 10.8% 12.4% 12.0% 12.2% 11.9%

Household 6.8% 6.4% 5.8% 6.9% 7.1%

Telco 6.7% 7.8% 10.2% 6.7% 6.6%

Tobacco 2.8% 3.0% 4.3% 3.8% 4.6%

Automotive 3.3% 3.1% 3.6% 2.0% 1.2%

Financials 1.8% 2.1% 1.8% 1.6% 1.3%

Property 1.1% 0.5% 0.4% 0.2% 0.1%

Others 15.7% 16.5% 11.1% 8.9% 8.5%

10

11

(IDR bn)

Programming & Broadcasting (PB) cost has risen in-line with Tier 1 status, however, VIVA is able to control PB cost to revenues at 30-34%

429 391

709 674

856

-

100

200

300

400

500

600

700

800

900

2012 2013 2014 2015 2016

PB Cost

% PB Cost to revenue VIVA vs. Peers

(%) 2012 2013 2014 2015 2016*

VIVA 34.2% 23.1% 31.2% 32.0% 32.2%

MNCN 44.6% 42.4% 40.9% 42.4% 42.0%

SCMA 31.1% 34.7% 36.2% 35.8% 38.6%

*) MNCN and SCMA’s figures are adjusted annualized figures over 9M16

PB Cost per Hour VIVA vs. Peers

(IDR

mn)2012 2013 2014 2015 2016*

VIVA 24.4 22.3 40.5 38.5 49.3

MNCN 106.1 105.1 103.6 103.9 84.0

SCMA 58.1 73.3 84.2 86.7 100.2

*) MNCN and SCMA’s figures are adjusted annualized figures over 9M16

12

2016 EBITDA margin improved to 31.7%, with further room for improvement as

margin targeted to be on par with peers

(IDR bn)

326

655

866

628

852 26.0%

38.7% 38.1%

29.8%

31.7%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

-

200

400

600

800

1,000

1,200

2012A 2013A 2014A 2015A 2016A

EBITDA EBTIDA Margin

Robust 2016 revenue growth of 27% driven by strong market share acquisition

13

(IDR bn) 2012A 2013A 2014A 2015A 2016A

Revenue 1,253 1,690 2,273 2,109 2,686

Revenue Growth (%) 25.4% 34.9% 34.5% -7.2% 27.4%

PB Cost (429) (391) (709) (674) (825)

Op Expense (498) (645) (698) (806) (1,003)

Depreciation (67) (68) (94) (106) (102)

EBITDA 326 655 866 628 858

EBITDA Margin (%) 26.0% 38.7% 38.1% 29.8% 32.0%

Net Income (Loss) 73 106 173 (482)* 477

Net Margin (%) 5.8% 6.3% 7.6% -22.9% 17.8%

* Net Loss in 2015 was mainly attributed to unrealized forex losses

OUR

ENTERTAINMENT

ANTV dominant with the female audience

Female ADEX is about 60% of total ADEX in 2015 and is growing in each year

15

60

70

80

90

100

110

120

130

Jan 2

013

Jan 2

014

Jan 2

015

Jan 2

016

Jan 2

017

Feb 2

017

Female Male

Source: AGB Nielsen Media Research, 11 Cities, Index by Month, 1 Jan 2013 – 28 Feb 2017

*) without World Cup 2014, **) 1 Jan 2017 – 28 Feb 2017

INDEX

Year Female Male

2010 95 105

2011 96 104

2012 99 101

2013 102 98

2014* 104 96

2015 111 89

2016 125 75

2017** 123 77

ANTV’s average TV Share in 2017 is 17.3%, #1 amongst FTA TV stations

16

Source: AGB Nielsen Media Research, all people, 1 Jan 2001 – 28 Feb 2017

YTD ANTV’s share performanceANTV 2.2 17.3

RCTI 2.1 16.6

SCTV 1.5 12.1

IVM 1.3 10.7

MNCTV 1.2 9.3

TRANS7 0.8 6.3

TRANS 0.7 5.9

GTV 0.6 4.5

NET 0.4 3.6

RTV 0.3 2.6

Sh

are

(%

)

4.5 4.0

4.6 4.7 5.4

6.1

5.0 5.5 5.6

7.2

6.1 6.9 6.7

11.2 11.4

14.0

17.3

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

02.00 – 05.59

(ALL PEOPLE)

06.00 – 12.59

(ALL PEOPLE)

13.00 – 16.29

(ALL PEOPLE)

16.30 – 22.29

(ALL PEOPLE)

22.30 – 25.59

(ALL PEOPLE)

Source: AGB Nielsen Media Research, 11 Cities, 1 Jan – 28 Feb 2017. All People

#1

#1

#2

#3

#3

TVS %

At ANTV we treat every daypart as a Prime Time

Morning SlotAnimasi Pagi, Putri Duyung Animasi Siang

Noon Time SlotAnandhi & GEET

Prime Time SlotArchana, Gopi, Lonceng Cinta, Mohabbatein,

Cahaya Cinta

Night Time SlotTake Me Out Indonesia, PESBUKERS

17

“The Winning” combination of local and outstanding foreign content

18

DRAMA SERIESPROGRAMS

ENTERTAINMENTPROGRAMS

MORNING CINEMA

NEWS & SPORTPROGRAMS

0.10.20.30.30.3

0.60.6

1.11.2

1.61.71.71.8

2.1

INEWSTV

RTV

METRO

NET

KOMPASTV

GTV

TVONE

TRANS

TRANS7

RCTI

IVM

MNCTV

SCTV

ANTV

0.20.20.20.30.40.50.5

0.70.91.0

1.41.71.7

2.2

RTV

METRO

NET

KOMPASTV

INEWSTV

TRANS

GTV

TVONE

MNCTV

SCTV

IVM

RCTI

TRANS7

ANTV

0.20.20.3

0.70.70.70.8

1.01.01.01.1

1.41.7

2.4

METRO

RTV

NET

KOMPASTV

TVONE

GTV

INEWSTV

TRANS

MNCTV

SCTV

IVM

TRANS7

RCTI

ANTV

0.10.20.20.30.30.40.50.6

0.90.9

1.11.4

1.92.9

INEWSTV

RTV

KOMPASTV

METRO

NET

TVONE

GTV

TRANS

TRANS7

MNCTV

SCTV

IVM

RCTI

ANTV

0.10.10.2

0.40.50.6

0.91.11.21.21.2

1.51.7

2.1

KOMPASTV

INEWSTV

RTV

GTV

METRO

TVONE

TRANS7

IVM

MNCTV

NET

TRANS

SCTV

RCTI

ANTV

0.10.10.20.30.3

0.50.7

0.91.11.21.3

1.52.6

3.3

RTV

INEWSTV

METRO

TRANS

KOMPASTV

NET

TVONE

GTV

MNCTV

TRANS7

SCTV

IVM

RCTI

ANTV

0.20.30.4

0.60.70.70.7

1.31.41.5

2.52.7

3.03.1

RTV

METRO

KOMPASTV

INEWSTV

NET

TRANS7

TVONE

GTV

MNCTV

TRANS

SCTV

RCTI

ANTV

IVM

Meet & Greet Veera

(All People)

Ketemu Uttaran

(All People)

Meet & Greet Lonceng Cinta

(All People)

Meet & Greet Thapki

(All People)

Meet & Greet Baalveer

(All People)

Meet & Greet Gopi

(Female)

Rahasia Hati Cansu & Hazal

(F 25+ Upper)

Bringing the stars closer to the audience develops brand loyalty

19

Mahabharata:Shaheer Sheikh

Jodha Akbar:Ravi Bhatia

Uttaran:Vaishali Thakkar

Jodha Akbar:Ravi Bhatia

Cinta Di Langit Taj Mahal 1 & 2 Roro Jonggrang Malaikat Kecil Dari India

Veera:Bhavesh Balchandani

Harshita Ojha

PLAN

2017

Building ties with audience by extending stars into local shows

20

ANTV’s signature shows are linked to drama series

21

OUR NEWS

22

tvOne #1 News and Sport FTA TV

23

3.8

2.3 2.1 1.9

TVONE METRO INEWS KOMPAS

NEWS TV AUDIENCE SHAREFebruary 2017 ; TA 15+UM1, 11 Cities

Source: Nielsen - 11 Cities; Share; 15+ UpperMiddle1; 1 Jan – 28 Feb 2017

tvOne #1 for Breaking News “Always”

24

Source: Nielsen - 11 Cities; Share; 15+ UpperMiddle1

6.7

4.3 3.8 3.3

Ship on Fire Breaking News

1 Jan ‘17 15:00-17:00

8.5

5.14.1

2.4

Ahok Trial Special News

3 Jan ‘17 08:30-09:30

7.55.7

4.5 4.4

Ahok Trial Special News

10 Jan ‘17 08:30-09:30

7.6

4.6 4.22.8

Ahok Trial Special News

17 Jan ‘17 08:30-09:30

7.5

4.3 3.8 3.3

Rakyat Memilih Special News

15 Feb ‘17 06:30-23:00

25

tvOne the #1 source for global coverage by International media

tvOne #1 Talk Show Programs to supplement leading news coverage

26

1.1

0.8 0.8 0.80.7

0.60.5 0.5 0.5 0.5

LAWYERSCLUB

MATANAJWA(F05) -

METRO

LAWYERSCLUB(R)

APA KABARINDONESIA

MALAM

ROSI -KOMPASTV

SUARAKYAT BENANGMERAH

PRIMETIMENEWS -METRO

NSI NEWSSTORY

INSIGHT -METRO

DUA ARAH -KOMPASTV

Source: Nielsen; 11 Cities; 15+ Upper Middle 1; 1 Jan—28 Feb 2017

JESSICA ON MIRNA HOMICIDE

8 Nov ‘16 TVR 4.4 TVS 19.2

11 Oct ‘16 TVR 2.5 TVS 11.4

AFTER AHOK APPLOGIES…

AFTER “411 RALLIES”

4 Oct ‘16 TVR 2.8 TVS 14.3

KANJENG DIMAS

tvOne #1 Fight Sport Programs

Season 1 Season 2

5.37

9.10

One Pride Audition

27

OUR DIGITAL

28

2016

130 %(est)

Indonesia is the sleeping giant for digital media!

Source: Effective Measure, Daily Social id, Indonesia TMT Updates, Statista

*) Monthly unique user

Smartphone PenetrationMobile Penetration Internet User

87.5M Users(2017 est)

18.9M Users(2017 est)

28M Users(2016)

60M Users*(2017 est)

28 %

Mobile Phones Laptop & Desktops

*) Based on each device’s share of total web pages served to web browsers.

Tablets

29

2 %70 %Share of Web Page Views*

2015

129 %

2016

54 %(est)

2015

28.2 %

2016

105 M

2015

88.1 M

Viva.co.id Portal generated 140 Mio Monthly (avg) Pageviews and

15 Mio Monthly (avg) Unique Visitors

42 MIOVisits

06:52average time/ visit

3.33 Page views / visit

15 MIOUnique Visitors

140 MIOPage Views

15 MIODesktop Site Visit

19 MIOMobile Site Visit

7 MIOMobile App Visit

Source: Google Analytics, 1 January – 28 February 2017

30

Over 26 million social media followers

31

66.4 K

likes

539.5 K

followers

70 K

subscribers

3.7 M

followers

621 K

followers

3.4 K

followers

11.5K

followers

812.5 K

likes

73.2 K

followers

31.6 K

subscribers

8.7 M

followers

1.5 M

followers

5.6 M

likes

4.1 M

followers

87.5 K

followers

10.4 K

subscribers

0.4K

subscribers

*All Social Media Data as of 28 Feb 2017

32

PRODUCT• Focusing Mobile First/Video First• Optimize mobile web experience• Optimize Desktop Product

CONTENT• Adjust content from hard news dominant to be more

soft news dominant with shorter articles and less in-depth stories to attract younger/female audience :

• 30% HARD NEWS• 40% SOFT NEWS & ENTERTAINMENT• 30% SPORT, AUTOMOTIVE & OTHER

• Maximize content synergy with tvOne and ANTV

PERFORMANCE• Maximize traffic performance (deeper review on

performance and define strategy to increase traffic)• Invest in Digital Marketing to drive traffic• Maximizing partnership strategy with FTA unit to

improve branding and drive traffic

REVENUE• Optimized Programmatic Ads (Pricing and Spot

optimization)• Sales Partnership with FTA TV Unit to generate

sales from major agency/advertiser

INFRASTRUCTURE• Provide Redundancy System (Back-up)• Provide Infrastructure to support latest technology• Provide adequate work-tools

Viva.co.id Focus Initiatives for 2017

32

Launching new channels and microsites constantly evolving

33

WebPlatform

Mobile WebPlatform

MobileApplication

For more information, please contact ir@vivagroup.co.id

APPENDIX

Summary P&L (Rp bn) 2011 2012 2013 2014 2015 2016

Revenue 999 1,253 1,690 2,273 2,109 2,686

Growth (%) 11.9% 25.4% 34.9% 34.5% -7.2% 27.4%

Programming and Broadcasting Cost (282) (429) (391) (709) (674) (825)

Growth (%) -18% 52% -9% 81% -5% 22%

G&A Expense (482) (498) (645) (698) (806) (1,003)

EBIT 152 259 587 772 523 757

EBIT Growth (%) 70.0% 126.7% 31.5% -32.3% 44.8%

Depreciation (82) (67) (68) (94) (106) (102)

EBITDA 235 326 655 866 628 858

EBITDA Growth (%) 66.0% 38.7% 100.9% 32.3% -27.5% 36.6%

EBITDA Margin (%) 23.5% 26.0% 38.7% 38.1% 29.8% 32.0%

Non-Operating Income (Expenses) (111) (75) (344) (397) (869) (113)

Net Income Before Taxes 42 184 243 375 (346) 644

Net Income (loss) After Taxes 26 73 106 173 (482) 477

Net Income (Loss) Growth (%) 619.5% 177.2% 45.1% 64.0% N/A N/A

Net Income (Loss) Margin (%) 2.6% 5.8% 6.3% 7.6% N/A 17.8%

Media penetration, TV & internet simultaneous consumption

93%, our strategy is to operate in both platforms

Simultaneous Media Consumption 20142012

45%

20%

9%

Source: AGB Nielsen Media Research

93%