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Listed and traded on the Stock Exchange STOCK CODE: IPTV

PT MNC Vision Networks Tbk Public Expose May 2021

1 Disclaimer

This material has been prepared by PT MNC Vision Networks (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. The information and opinions contained in this presentation are intended solely for your personal reference and are strictly confidential. The information and opinions contained in this presentation have not been independently verified, and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein. It is not the intention to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of the company or its subsidiaries. The information and opinions contained in this presentation are provided as at the date of this presentation and are subject to change without notice. Neither the company (including any of its affiliates, advisors and representatives) nor the underwriters (including any of their respective affiliates, advisors or representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein nor for any loss howsoever arising from any use of this presentation. 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. This presentation is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. This presentation may not be used or relied upon by any other party, or for any other purpose, and may not be reproduced, disseminated or quoted without the prior written consent of the company. Any investment in any securities issued by the company or its affiliates should be made solely on the basis of the final offer document issued in respect of such securities. The contents of this presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose.

2 Macro Drivers Support Industry Growth

Population (in millions) Pay TV/IPTV – Households Penetration Fixed Broadband – Households Penetration In thousand households • The world fourth most populous nation. In million households Pay TV/Total HH 17% 270 • GDP per capita approx $4,000. 13% 14% Fixed BB Pen./Total HH • Real GDP growth of 5.5% per annum. 6.942 14% 5.944 108 96 69 2.634 3.397 32 10 13 6 3.310 3.545

Indonesia 2019 2024 2020 2025 Pay TV (Excl. IPTV) IPTV Fixed Broadband Subs Direct SVOD Subs Online Video Revenue In thousands In million In $ mn

960

21.616 503 10 13 366 219 458 5.142 148 2020 2025 2020 2025 2020 2025 SVOD AVOD • A large & young population, 226mn people below age of 54; • 76% of the addition to total subscriber growth from • With an increase in fixed broadband adoption and ever growing by 3 to 4mn people every year for the next 15 2019 to 2024 is projected to be from increasing IPTV more affordable mobile data, OTT media demand is years. subscribers projected to increase substantially over the next 3-5 years

• Fixed broadband subs stood at 10 million households by end • Direct SVOD penetration to total population in Indonesia • Online video revenue (SVOD and AVOD) is projected to grow of 2020. This figure will grow to 13mn households in 2025, remains one of the lowest in the Asia Pacific region at 2% in from $366 million in 2020 to $960 million in 2025 which represents 5.4% CAGR (2020 – 2025). 2020 – this is projected to grow significantly from 5.1 million subscribers in 2020 to 21.6 million in 2025, representing a Source: MPA Research CAGR of 33% 3 The Most Integrated Subscription Platform with Content Superiority

* As of April 2020

PT MNC Vision Networks Tbk (IPTV)

PT MNC Vision Tbk PT Digital Vision Nusantara PT MNC Kabel Mediakom (i) Play Box PT MNC OTT Network PT Mitra Operator Local (II) Vision Pictures

DTH post-paid Pay TV DTH pre-paid Pay TV Broadband & IPTV Android TV OTT Box OTT – TV Anywhere Local Cable Operator Pay Channel & VOD

• Broadening reach of • Produces and • Over 90% market • DTH KU-Band for cost • Distribution through • SVOD & AVOD Video • Provides high MVN to untapped operates 13 pay share with 2.1mn efficient services, MNC Vision, MNC OTT Service FTTH broadband and Pay-TV Market all channels. subscribers. capturing mass Play, digital channel interactive IPTV • Vision+ has 1.8mn over Indonesia. market segment. (e-commerce), and • Produces original • DTH S-band (2.520 – services. paid subs and over retail dealership. • LCO Partnership content suited for 2.670 Ghz) for • Acquires 10,000 - 34mn MAU. • 3rd largest broadband through digitalization digital platform extensive nationwide 12,000 new • Selling Play Box using with 1.5mn home • Vision+ provides or content licensing & (short and medium coverage. subscribers on a daily 3rd party broadband pass and close to more than 10,000 acquisition basis. network. form content). • Hidden treasure: 5G 300,000 subs. hours of VODs and up • Drive subscriptions by and LTE spectrum. • Currently sitting with • Exclusive FTA, Pay to 120 linear • Vision Pictures has • Distribute Android TV supplying with MNC produced over • Distribute Android TV more than 6.5mn channels and VODs at channels with catch OTT Box. Group superior & 64,000 hours of in – OTT Box. subscribers. affordable price. up features premium content house content i) Playbox: Strategic Business Unit (SBU) under MNC Play ii) Vision Pictures: Strategic Business Units (SBU) under IPTV

4 MNC Vision - Quality Focused And Continuous Cost Efficiency

• MNC Vision provides DTH-based Pay TV services in Indonesia with 2.1mn 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). • Distribute Android TV OTT Box.

Revamping MNC Vision Business Model - Sale of STB/Equipment

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 . 5. Starting November, MVN has transitioned into selling its equipment to customers and has been fully implemented to our new customers. 6. Acquisition target: 2000 new subscribers per day – upon the full implementation of the new model.

5 K Vision – Pay TV Platform for the Mass Market

(in thousands) Customer Acquisition 514 • Prepaid Pay TV, which captures mass market in August: Acquired by MVN Indonesia with 20+ mio target homes that can 382 388 344 potentially be a subscriber. 288 290 304 263 262 • Acquires 10,000 – 12,000 new subscribers on a 250 240 257 213 226 205 186 204 daily basis with more than 6.5mn subscribers as of 161 155 135 April 2021. 107,8 82,2 45,3 • LCO Partnership through digitalization and content licensing.

• QR Link to ramp up voucher sales to Rp50 to

Jul-19 Jul-20

Jan-21 Jan-20 Jun-20

Jun-19 60bn/month

Oct-19 Oct-20

Apr-20 Apr-21

Sep-19 Feb-20 Sep-20 Feb-21

Dec-19 Dec-20

Aug-19 Aug-20

Nov-20 Nov-19

Mar-21 Mar-20 May-20 (in billions) Top Up Voucher Purchase 20,2 18,6 16,7 16,4 14,4 14,6 14 13,6 13,4 12,3 12,8 11,4 12,2 11,8 12 10 9,5 10,1

6 Fixed Broadband and IPTV- Coverage Expansion For Extensive Growth

• MNC Play is the 3rd largest broadband and IPTV operator with close to 1.5mn home pass and 300,000 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) • Distribute Android TV OTT Box. 3 strategic stance for broadband & IPTV expansion

1 2 3 Subs & HP Growth 2015 - 2020

400 1600 350 1400 300 1200 250 1000 200 800 150 600 265 290 300 MNC Play has secured partnership with ICON+, 100 175 400 FiberStar and Moratelindo, which allows the 50 57 115 200 Company to lease excess network capacity to 0 0 penetrate into customer homes. 2015 2016 2017 2018 2019 9M- Introduction of Playbox (android TV OTT box) in 2020 This will expedite MNC Play’s future growth, both in terms of number of subscribers and home pass May 2020 to penetrate all broadband Subs HP in thousands (000) expansion, without having to do internal home pass households in Indonesia rolling out activities. 7 Penetrating Untapped Pay-TV Market – Local Cable Operator (LCO) Partnership and Acquisition

• In May 2020, MVN completed its first LCO No of Registered LCO: 417 acquisition located in , Kepulauan . There are 3 acquisitions on the pipeline in H1-2021 to be completed in , , and with a total subscribers base of around 100,000.

• 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

LCO PARTNERSHIP - METHODS • By supplying MVN’s content to local cable operators, it will help them better perform and grow rapidly in their respective region. Digitalization/Content LCO Acquisition OR Licensing • Target LCO Partnership (subs based): 2 million subscriber 8 Vision+ – TV Anywhere, Anytime

Subscription Video (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 (AVOD): • Vision+ offers 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.

Vision+ Subscriber's Growth (in millions) 2.562

1.820 34mn 1.610 5.8mn 1.117

Registered MAU PaidSubs

2019 2020 Q1-21 2021P

*data as of Q1-2021 9 Vision Pictures: Largest in in-house production and number of channels in Indonesia

• MVN Group is exclusively supported by Vision Pictures, which produces and operates 13 pay channels from various genres.

• Exclusive rights to carry MNCN’s 4 FTA channels, which command an average share of 50% on FTA market.

Free-to-Air (FTA) • Local channels have always been the audience first choice even on Pay-TV market

10 The Most Extensive Indonesian Content Selection, Including Exclusive MNC Group Content

Most extensive Indonesian contents with exclusive support from MVN group exclusive original content developed by Vision+…

. We offer the broadest selection of content as a result of our partnership with . Vision+ shows more than 80 title of exclusive content from MNC Pictures, and initiates a process MNC. to develop and produce up to 20 new original content production every month . This partnership allows access to its content library, including MNC Pictures, Indonesia’s largest drama production house by revenue and productivity Top 5 exclusive Indonesian contents

Ikatan Cinta • TV Rating: 10.9 (ranked 1st out of the top 10 programs nationally) 2 • Audience share: 40.4%3

Master Chef Indonesia • TV Rating: 4.3 (ranked 2nd out of the top 10 programs nationally) 2 • Audience share: 23.4%3

Amanah Wali 4 • TV Rating: 4.2 (ranked 3th out of the top 10 programs nationally) 2 • Audience share: 20.6% 3 …as well as extensive Asian content library Putri untuk Pangeran • TV Rating: 3.5 (ranked 4th out of the top 10 programs nationally) 2 • Audience share: 16.7%3 . Focus on acquisition of Asian content that appeals to Indonesian audience, with more than 80 Asian titles per year Audisi Idol SPC Season 2020 . Strong ability to obtain Asian content distribution rights due to established track record of senior • TV Rating: 3.0 (ranked 5th out of the top 10 programs nationally) 2 management in building content library • Audience share: 18.8%3

. MNC Group commands the largest market share in both Indonesia Pay TV (25.9% market share) and FTA market (consistently +50% market share)1 FTA Channels (FTA Market) Pay TV Channels Rank Channel Share (%) Rank Channel Share (%) 1 MNC Group 50.0 1 MNC Group 25.90 2 TRANS Group 19.01 2 SCM Group 23.8 3 SCM Group 15.19 3 VIVA Group 11.9 4 VIVA Group 13.71 4 Trans Group 11.6 5 FOX & Disney 8.20 5 Metro 1.5 6 Warner 5.74 6 TVRI 1.2 7 METRO 5.07 8 Sony 1.54 9 VIACOM 1.38 Note: 1) December 2020; 2) December 2020 (excl blocking program) 10 TVRI 0.92 11 Local Channels Thrive in Pay-TV Market (FTA TV Rank 1 – 10)

Number #1 Indonesia Pay TV Market position by 25.90% market share (FTA Channels generate highest audience share) The Top 10 Pay TV channels Rank Channel Share (%) Rank Channel Share (%) Rank Channel Share (%) in Indonesia. 1 RCTI Pay 11.59 26 0.72 51 ASIAN FOOD CHANNEL 0.17 2 TRANS Pay 10.65 27 NATIONAL GEOGRAPHIC 0.62 52 MNC SHOP TRENDY 0.17 3 Pay 8.36 28 S-ONE 0.59 53 DMAX 0.17 Rank Channel Share (%) 4 SCTV Pay 7.98 29 0.53 54 COMEDY CHANNEL 0.16 1 MNC Group 25.90 5 IVM Pay 7.21 30 DRAMA CHANNEL 0.49 55 MNC FASHION 0.15 2 TRANS Group 19.01 6 TVONE Pay 7.07 31 0.44 56 FOOD AND TRAVEL 0.15 3 SCM Group 15.19 7 Pay 6.64 32 MOVIE CHANNEL 0.42 57 THRILL 0.12 4 VIVA Group 13.71 8 METRO Pay 5.07 33 FOX CHANNEL 0.41 58 0.12 9 GTV Pay 4.33 34 CCM 0.38 59 0.12 5 FOX & Disney 8.20 10 MNCTV Pay 3.63 35 BEIN SPORTS 1 0.36 60 DIVA 0.11 6 Warner 5.74 11 DISNEY JUNIOR 1.49 36 BERITA SATU 0.31 61 EXTREME CHANNEL 0.11 7 METRO 5.07 12 CARTOON NETWORK 1.44 37 HEALTH AND BEAUTY 0.30 62 FOX SPORTS 0.1 8 Sony 1.54 13 1.34 38 INFOTAINMENT 0.28 63 SOCCER CHANNEL 0.10 9 VIACOM 1.38 14 HBO 1.33 39 Z BIOSKOP 0.28 64 0.10 10 TVRI 0.92 15 FOX MOVIES 1.20 40 TOONAMI 0.28 65 GAMES CHANNEL 0.09 16 CNN INDONESIA 1.15 41 HBO HITS 0.27 66 AUTO AND GADGET 0.09 Pay TV Market is dominated by local group: 17 MNC ENTERTAIMENT 1.01 42 FOX SPORTS 2 0.27 67 PREMIERE 0.08 79.8% Audience Share 18 INEWS Pay 0.96 43 HBO FAMILY 0.25 68 GEM 0.08 19 TVRI1 Pay 0.92 44 MNC LIFESTYLE 0.25 69 HOME AND 0.08 20 NICK JUNIOR 0.85 45 KIDS CHANEL 0.24 70 ANIMAX 0.07 21 0.82 46 0.22 71 IDX CHANNEL 0.06 22 MNC NEWS 0.82 47 0.22 72 0.06 23 BABY TV 0.82 48 HIDAYAH 0.22 73 FX 0.02 24 DISNEY CHANNEL 0.80 49 MNC SPORTS 0.21 74 NGC WILD 0.01 25 AXN 0.80 50 HBO SIGNATURE 0.2 75 TRAVEL LIVING CHANNEL0.01

Source : Nielsen 12 Vision Pictures Performance – Pay Channels Ranking (non-FTA)

Number #1 Indonesia Pay TV Market position by 26.1% market share (Excl FTA Channels)

Rank Channel Share Rank Channel Share Rank Channel Share

1 S-ONE 7,80 21 MUSIC TV 1,86 41 AXN 0,64 2 KIDS TV 5,86 22 BABY TV 1,86 42 BEIN SPORTS 1 0,60 3 TOONAMI 5,45 23 INFOTAINMENT 1,75 43 THRILL 0,57 4 NICK JUNIOR 5,40 24 NATIONAL GEOGRAPHIC CHANNEL 1,72 44 ANIMAL PLANET 0,56 5 CNN INDONESIA 4,91 25 FOX SPORTS 2 1,69 45 NGC PEOPLE 0,50 6 CARTOON NETWORK 4,00 26 MUSLIM TV 1,68 46 MNC SHOP TRENDY 0,44 7 FOX MOVIES 3,93 27 FOX CHANNEL 1,62 47 ASIAN 0,37 8 VISION PRIME 3,86 28 HBO FAMILY 1,48 48 CNN INTERNATIONAL 0,30 9 MNC NEWS 3,43 29 FOX CRIME 1,37 49 SOCCER CHANNEL 0,29 30 ZEE BIOSKOP 1,22 10 CINEMAX 2,72 50 ANIMAX 0,25 31 LIFE CHANNEL 1,10 11 HBO 2,68 51 BESMART 0,18 32 LIFESTYLE AND FASHION 0,87 12 FOX ACTION MOVIES 2,59 52 CHANNEL V 0,11 33 DISCOVERY CHANNEL 0,86 13 NICKELODEON 2,55 53 TRAVEL LIVING CHANNEL 0,09 34 MNC SPORTS 0,85 14 NGC WILD 2,39 54 IDX CHANNEL 0,08 35 CELESTIAL MOVIES 0,81 15 ENTERTAINMENT 2,32 55 CNBC ASIA 0,03 36 FOX LIFE 0,78 16 BERITA SATU 2,27 56 AMC 0,00 17 FOX SPORTS 2,21 37 CCM 0,74 57 GEM 0,00 18 DISNEY CHANNEL 2,12 38 FOX FAMILY MOVIES 0,73 58 DIVA 0,00 19 OK TV 2,08 39 DISNEY JUNIOR 0,72 59 DMAX 0,00 20 HBO HITS 2,06 40 HBO SIGNATURE 0,64 60 E! ENTERTAINMENT 0,00 Source: Nielsen Pay-TV October 2020 13 IPTV FY-2020 Financial Results

*) exclude depreciation and amortization

14 For further information, please contact Investor Relations Division:

Samuel Hartono Tanoesoedibjo [email protected]

Stefanie Laurensia Prasetyo [email protected]

https://www.mncvisionnetworks.com/

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