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A Strategic Turnaround

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A Strategic Turnaround A STRATEGIC TURNAROUND Annual Report 2019 ANALISIS & PEMBAHASAN TATA KELOLA PERUSAHAAN TANGGUNG JAWAB SOSIAL KINERJA 2019 LAPORAN MANAJEMEN PROFIL PERUSAHAAN SUMBER DAYA MANUSIA MANAJEMEN YANG BAIK PERUSAHAAN 2019 Performance Management Report Company Profile Human Resources Management Discussion & Analysis Good Corporate Governance Corporate Social Responsibility ANNUAL REPORT 2019 www.mncvisionnetworks.com 1 ANALISIS & PEMBAHASAN TATA KELOLA PERUSAHAAN TANGGUNG JAWAB SOSIAL KINERJA 2019 LAPORAN MANAJEMEN PROFIL PERUSAHAAN SUMBER DAYA MANUSIA MANAJEMEN YANG BAIK PERUSAHAAN 2019 Performance Management Report Company Profile Human Resources Management Discussion & Analysis Good Corporate Governance Corporate Social Responsibility A Strategic Turnaround Pada tahun 2019, PT MNC Vision Networks Tbk (“MVN” In 2019, PT MNC Vision Networks Tbk (“MVN” or “the atau “Perseroan”) semakin meningkatkan eksistensi Company”) has elevate its presence to be the most sebagai media berlangganan yang paling lengkap, complete subscribers-based media, fixed broadband, fixed broadband, dan grup konten di Indonesia. and content group in Indonesia. The Company has Perseroan mencatatkan jejak langkah penting dengan set in place numerous milestones in recent year by menjadi perusahaan publik pada Juli 2019. Pada tahun going public in July 2019 and acquire a prepaid DTH- yang sama, Perseroan juga mengakuisisi perusahaan based company called K-Vision, to name a few. MVN prabayar berbasis DTH, K-Vision. MVN pun memenuhi lives up to its commitment by delivering strong results, komitmennya dengan menunjukkan performa optimal both operationally and financially, achieved through pada aspek operasional dan finansial. Pencapaian a great combination of teamwork, discipline and tersebut tak terlepas dari kerja sama solid, disiplin, dan infinite creativity. The year 2019 was truly a strategic kreativitas tanpa batas. Dapat dikatakan, tahun 2019 turnaround for the Company. benar-benar merupakan “A Strategic Turnaround” bagi Perseroan. Prospek industri TV berlangganan di Indonesia sangat The prospect of Pay TV industry in Indonesia is very menjanjikan mengingat tingkat penetrasi yang rendah promising given its low penetration rate and the di balik permintaan ragam channel selain TV FTA yang viewer’s diversified entertainment demand in various tinggi dari pemirsanya. Selain itu, luasnya wilayah Pay TV channels in addition to the free-to-air (FTA) TV Indonesia yang tersebar di lebih dari 16.000 pulau selections. Furthermore, Indonesia’s vast territory that menjadikan TV berlangganan berbasis DTH sebagai spreads over more than 16,000 islands has made DTH- platform yang memenuhi kebutuhan mayoritas rumah based Pay TV as the go to platform for the majority of tangga di negara ini. the households in the country. Melalui MNC Vision (MSKY), Perseroan berhasil Through MNC Vision (MSKY), the Company has done mendominasi pasar DTH sejak awal beroperasi pada well to date by dominating the DTH market since its awal 2000-an. MNC Vision adalah pemimpin pasar inception in early 2000s. MNC Vision is the market leader layanan TV berlangganan pasca-bayar berbasis of post-paid DTH-based Pay TV service in Indonesia, with DTH di Indonesia, dengan pangsa pasar lebih dari more than 90% market share, and currently sitting with 90%, dan 2,4 juta pelanggan hingga saat ini. Selain 2.4 million subscribers. In addition, the newly acquired itu, akuisisi K-Vision yang merupakan layanan TV prepaid DTH-based company, K-Vision, has proved to berlangganan prabayar berbasis DTH terbukti semakin further enhance, strengthen, and complement the meningkatkan, memperkuat, dan melengkapi ragam Company’s Pay TV package offering. This bodes well in paket TV berlangganan Perseroan. Pencapaian various synergy with the Company’s strategy to opens tersebut sejalan dengan strategi Perseroan untuk up new opportunity to capture middle to low market membuka peluang baru dan menjangkau segmen segment. Upon the completion of its acquisition and pasar menengah ke bawah. Pada proses akuisisi dan the integration of MVN 12 pay-channels, along with setelah mengintegrasikan 12 channel berlangganan MNCN (sister company of MVN) FTA channels, customer MVN bersama dengan saluran FTA MNCN (perusahaan acquisition increase rapidly from 250 to over 8,000 new afiliasi MVN) diselesaikan, jumlah pelanggan pun subscribers a day. As can be seen, the power of content meningkat pesat dari 250 menjadi lebih dari 8.000 offering in today’s media landscape has never been pelanggan baru dalam sehari. Dari situ terlihat bahwa stronger. Moreover, Subscriber’s growth of MVN DTH lanskap media sangat menuntut penawaran konten unit will be focused on reaching broader segments in 2 PT MNC Vision Networks Tbk LAPORAN TAHUNAN 2019 ANALISIS & PEMBAHASAN TATA KELOLA PERUSAHAAN TANGGUNG JAWAB SOSIAL KINERJA 2019 LAPORAN MANAJEMEN PROFIL PERUSAHAAN SUMBER DAYA MANUSIA MANAJEMEN YANG BAIK PERUSAHAAN 2019 Performance Management Report Company Profile Human Resources Management Discussion & Analysis Good Corporate Governance Corporate Social Responsibility yang menarik. Selain itu, pertumbuhan Pelanggan unit tier 2 and tier 3 cities and the acquisitions of local cable DTH akan difokuskan untuk menjangkau segmen yang operators all over the country, which has been pursued lebih luas di kota-kota tier 2 dan 3 serta akuisisi operator aggressively in 2019, to widen and solidify its existence. kabel lokal di seluruh negeri. Upaya ini telah dilakukan secara agresif untuk memperluas dan memperkuat posisi MVN di tahun 2019. MNC Play yang berdiri pada 2014 menjadi satu- MNC Play is currently the only full fibre broadband satunya penyedia broadband full fibre di Indonesia provider in Indonesia offering IPTV services and the yang menawarkan layanan IPTV dan koneksi internet fastest Internet connection of up to 1000Mbps. Today, tercepat hingga 1000Mbps. Saat ini, MNC Play telah MNC Play has become the third largest player in menjadi pemain terbesar ketiga di Indonesia dengan Indonesia with 290,000 subscribers and 1.5 million 290.000 pelanggan dan 1,5 juta home passes hingga home passes as of 2019. 2019. Teknologi berbasis internet terkini serta perubahan New internet-based technologies usher a new pada pola konsumsi media, Perseroan berdiri di garis generation of media consumption. The future of TV terdepan dalam hal penyediaan fitur revolusioner TV includes Over the Top streaming (OTT streaming) and termasuk Over the Top streaming (OTT streaming) Video on Demand (VoD), the Company stands at the dan Video on Demand (VoD) di Indonesia. Dengan forefront of this revolutionary feature in Indonesia. By penawaran layanan yang paling inovatif dan efektif, offering customers the most innovative and effective Perseroan percaya diri untuk mempertahankan services, we believe we will uphold our leadership of the kepemimpinan di industri media berlangganan. subscriptions-based media industry. Vision+ adalah Platform OTT yang menawarkan Vision+ (previously known as MNC Now), an OTT mudahnya akses saluran berlangganan kapan saja Platform that offers subscribers of MNC Vision, K-Vision, dan di mana saja bagi pelanggan MNC Vision, K-Vision, and MNC Play convenient access to their subscribed dan MNC Play. Tak hanya itu, Vision+ juga merupakan channels anytime and anywhere, with on demand platform yang memiliki fitur on demand dan playback and playback features - the first in Indonesia. To date, pertama di Indonesia. Hingga saat ini, Vision+ telah Vision+ has accumulated the biggest OTT streaming mengakumulasi lalu lintas streaming OTT terbesar traffic in the region with monthly active user reached di berbagai daerah dengan pengguna aktif bulanan 25 million by end of 2019. mencapai 25 juta pada akhir 2019. MVN optimis untuk menyambut peluang baru di tahun With industry-leading performance in existing 2020. Dengan kinerja terdepan di industri bisnis yang businesses, new synergies delivering improved dijalani, Perseroan berharap bahwa sinergi baru yang earnings, profit margins and innovative media services, dijalankan akan mendorong peningkatan pendapatan, MVN is pleased to welcome new opportunities in 2020. margin keuntungan, dan inovasi layanan media. ANNUAL REPORT 2019 www.mncvisionnetworks.com 3 ANALISIS & PEMBAHASAN TATA KELOLA PERUSAHAAN TANGGUNG JAWAB SOSIAL KINERJA 2019 LAPORAN MANAJEMEN PROFIL PERUSAHAAN SUMBER DAYA MANUSIA MANAJEMEN YANG BAIK PERUSAHAAN 2019 Performance Management Report Company Profile Human Resources Management Discussion & Analysis Good Corporate Governance Corporate Social Responsibility HARY TANOESOEDIBJO EXECUTIVE CHAIRMAN MNC GROUP 4 PT MNC Vision Networks Tbk LAPORAN TAHUNAN 2019 ANALISIS & PEMBAHASAN TATA KELOLA PERUSAHAAN TANGGUNG JAWAB SOSIAL KINERJA 2019 LAPORAN MANAJEMEN PROFIL PERUSAHAAN SUMBER DAYA MANUSIA MANAJEMEN YANG BAIK PERUSAHAAN 2019 Performance Management Report Company Profile Human Resources Management Discussion & Analysis Good Corporate Governance Corporate Social Responsibility EXECUTIVE CHAIRMAN MNC GROUP Warga negara Indonesia. Beliau memperoleh gelar Indonesian citizen, he obtained his Bachelor of Bachelor of Commerce (Honours) dari Carleton Commerce (Honours) from Carleton University, Ottawa, University, Ottawa, Kanada pada 1988, dan MBA dari Canada in 1988, and MBA from Ottawa University, Ottawa University, Kanada pada 1989. Canada in 1989. Beliau adalah pendiri, sekaligus pemegang saham He is the founder, controlling shareholder and Executive pengendali dan Executive Chairman MNC Group, yang Chairman of MNC Group, which focuses
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