06082020 Public Expose RUPS BMTR.Pdf

Public Expose

PT Global Mediacom Tbk

Selasa, 11 Agustus 2020 Disclaimer

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 1. PT Global Mediacom Tbk – Corporate Structure

Content 2. PT Media Nusantara Citra Tbk – Corporate Update

3. PT MNC Vision Networks Tbk – Corporate Update Global Mediacom Corporate Structure

4 Global Mediacom 1H-2020 Financial Results

Consolidated Income Statement Actual Variance Actual (In Million Rupiah) 1H-2020 1H-2019 YoY

Revenues 5.862.424 6.361.177 -8% Advertising Digital 409.080 325.215 26% Non-Digital Advertising 3.206.694 3.707.530 -14% Content 807.924 912.898 -11% Advertising and Content 4.423.698 4.945.643 -11% Pay TV and Internet Broadband 1.733.596 1.549.668 12% Others 273.011 681.058 -60% (Elimination) (567.881) (815.192) -30% Direct Cost *) 2.390.551 2.752.243 -13% Depr. & amort. In Direct Cost 622.261 644.473 -3% Gross Profit 2.849.612 2.964.461 -4% Gross Profit Margin 49% 47% General and Administrative Expenses *) 1.021.851 1.074.599 -5% Depr. & amort. In G&A 180.518 141.974 27% EBITDA 2.450.022 2.534.335 -3% EBITDA margin 42% 40% Net Income 1.017.330 1.056.056 -4% Net Income Margin 17% 17%

Non-Cash Expenses (non-recurring) Unrealized on foreign exchange 23.880 (87.110) Net Income (without non-cash expenses) 1.041.210 968.946 7% Net Income Margin 18% 15% 5 *) excluding depreciation and amortization Global Mediacom FY-2019 Financial Results

Consolidated Income Statement Aktual Variance Aktual (In Million Rupiah) FY-2019 FY-2018 YoY

Revenues 12.936.503 11.695.216 11% Advertising (Digital + Non Digital) Digital 697.396 261.101 167% Non Digital Advertising 7.367.741 6.981.300 6% Content 1.740.365 1.518.392 15% FTA and Content 9.805.502 8.760.793 12% Pay TV and Internet Broadband 3.629.626 3.228.257 12% Others 1.311.621 1.463.949 -10% (Elimination) (1.810.246) (1.757.783) 3%

Direct Cost *) 5.334.929 4.827.093 11% Depr. & amort. In Direct Cost 1.283.916 1.220.838 5%

Gross Profit 6.317.658 5.647.285 12% Gross Profit Margin 49% 48%

General and Administrative Expenses *) 2.297.978 2.138.358 7% Depr. & amortization 313.221 278.005 13%

EBITDA 5.303.597 4.729.766 12% EBITDA margin 41% 40% Net Income 1.403.736 826.636 70% Net Income Margin 11% 7% *) excluding depreciation and amortization 6 1. PT Global Mediacom Tbk – Corporate Structure

Content 2. PT Media Nusantara Citra Tbk – Corporate Update

3. PT MNC Vision Networks Tbk – Corporate Update MNCN Key Investment Highlights 9. 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 (FY-2019), 1. GDP hit more than $1trillion 2. Large population of 270 million with 97 million subs by the end of July 2020. for the first time in 2018 with annual people, growing by 3-4 million people growth rate between 5-6%. every year for the next 15 years. 10. Owning the largest sites called Okezone (#1 above Google #2) and Sindonews (#6) based on Alexa measurement. 3. Significant upside potential for adspend growth since adspend to GDP ratio is ▸Okezone has more than 20 million UV daily only 0.2%, one of the lowest in Asia. ▸Okezone is ranked #24 globally.

4. Adspend on National FTA and digital will grow from 80% to close to 90% of the 11. Strong growth in digital advertising revenue national adspend in the next 3-4 years. ▸Derived from mobile apps, general/news portal, YouTube revenue share ▸Excluding future digital revenue from RCTI+ and MCN.

5. Four National FTA 12. Strong growth in Non Time with the largest audience share of 40% and adspend share of 45%. Consuming Ads (NTC Ads) in the ▸40% audience shares translate to more than 100 million viewers daily, the largest in form of built in, virtual and squeeze the country even if it’s compared to any social media platform. frame as well as equity link. ▸Launched its streaming (OTT) service called RCTI+.

6. The Largest Content Production 13. FY-2019 financial performance: of 23K hours yearly in long, mid and short formats: ▸YoY revenue to $600mn, up 12% ▸40% market share in drama or close to 5,000 hours of drama production yearly. ▸YoY EBITDA to $267mn, up 17% ▸80%+ market share in talent search & animation. ▸YoY profit to $169mn, up 47%

7. The Largest Library 8. The Largest Talent Management 14. Fast growing digital and content revenue: with more than 300K hours, with close to 400 talents under ▸In FY-2019, growing by 37% YOY, contributing more than 25% of the total revenue. consisting of more than 60% non management with 5 + 5 years option to ▸Projected to contribute more than 40% in 2022 and more than 50% in 2024. news content. extend. At 15x P/E multiple, stock price is equivalent to Rp2,500. 8 Macro Drivers Support Industry Growth

Population & Real GDP (US$) (2019) What are the macro drivers ? . A large & young population, 226mn people below age of 54; growing by 3 to 4 Million people every year for the next 15 years.

. A rising middle class group will grow the advertising expenditure in line with GDP growth

. A stronger growth will be driven by more robust private investment activities and acceleration of infrastructure development

Source : Worldbank.org

Indonesia Growth of Real GDP (%) A Young Population (2019)

9 The Largest Integrated Media Company in Southeast Asia *As of June 2020

56.28%* Public 43.72%

Free To Air / TV Content & IP Digital Entertainment Production 5 in 1 Entertainment App

• Video Streaming • News Aggregator • Audio Aggregator • User Generated Entertainment FTA focusing on Content (UGC) family audience Talent Management Content Library • Games Aggregator Information and sports Social Media/ Others • Youtube & Facebook Largest news TV and provide The biggest talent management Content library contains more channels news programs to the Group’s company supported with music than 300,000 hours and increasing • MCN 3 entertainment FTA label and publishing unit by more than 23,000 hours per • News & General year Portals 10 Indonesia Advertising Market Share

2018 • 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.

2022

11 The Largest Audience Share & FTA TV Advertising Market Share

MNCN Audience Share 2010 – 2020

*Source : Nielsen (Q2-2020) Indonesia FTA TV Advertising Market Share

12 TV Advertising Revenue o Conventional TVC (15” and 30”) during commercial break.

o Creative ads/ Non Time Consuming ads. Conventional TVC Built-In Advertising o Equity Link (Air time and Content Library). o QRIS Advertising. o Localized RTX* & Geo-tagging TVC*.

Virtual Advertising Squeezed Frame Advertising o Digital Ads : Digital Broadcast, Social Media (including Library, original content, and MCN), News Portal, and RCTI+.

Super Impose RTX 13 Viewers at Home To Shop Directly From TV

Consumer will be able to scan QR code Up front payment to directly from TV to buy products using e- secure transaction Money Apps 14 Easy Steps For Maximum User Experience

1 2 3 4

After payment, user is Fill out simple shipping Voucher code confirmation Transaction complete! automatically redirected to information Note: our landing page • Auto-fill data for repeat consumer • Full control on landing page and user journey end to end 15 Now TV Can Be a Shopping Marketplace

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 data base and analytic for MNC Group

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).

16 Content Revenue

CONTENT PRODUCTION CONTENT LIBRARY LICENSING (group & non-group) (FTA, DTH Pay TV, IPTV, Mobile/Streaming, OTT)

• Content produced in-house include Drama, Talent Search, • Produces around 23,000 hours of content annually. Animation, Sitcom, Movie, Reality, Infotainment, Variety, Talk Show, News. • Owns more than 300,000 hours of content library with breakdown of 60% non News and 40% News content.

20% FOREIGN CONTENT 41%

More than 80%

More than 80%

*Generating highest revenue per one hour broadcavstv 17 The Largest Content Producer and Library Owner

Content Drama Talent Search Animation Sitcom Reality Infotaiment Talk Show News Variety

Tukang Ojek Pengkolan Temen Kondangan Kiko Zak Storm Preman Pensiun Dunia Terbalik Little Big Shot

Penghuni Terakhir Bedah Rumah Kun Anta 2 Family 100 Koki Cilik 3 Dara Toko Barang Mantan

18 Best Special Program Line-up

Talent Search Anniversary and Awards Note:

Sponsorship based programs on average generate much higher revenues compared to regular programs on FTA.

Source of revenue:

1) Conventional TVC (15” and 30”)

2) Non time consuming ads placement

3) Off air activities

19 Talent Management • 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.

Citra Scholastika Marion Jola Lyodra Christoper Edgar Sharla 2017 Kim Abi Rafdi Suci 2019 2010 2018 2020 Eva Puka 2016 Kimberly 2013 2018 2017

Singing Competition Andmesh Sharon 2017 Deven 2018 Anneth 2018 Kimberley Sharla 2018 Hanin Dhiya Elvan Kamaleng 2017 2018 2016 2019

Anwar 2015 Fani 2018 Eric 2020 Ayu Ting Ting Lolita Agustine Boy WIlliam Dede B Force Soul Sisters 2010 2010 2010 2014 2017 2017 Other Talent Search Natasha Manuella Alya Nurshabrina Carla Yules Sere Kalina Felicya Arnold Robby Purba Oge Arthemus Master Limbad Bow Vernon 2016 2018 2020 2016 2016 2017 2017 2009 2009 2012 20

Digital

Digital Broadcast

Second Screen Quiz Interactive Second Screen Activity Second Screen Live Chat

Digital quiz interactive where user can answer al the Brand activation on RCTI Mobile where users can send Users can access live streaming on RCTI Mobile as well questions on TV via RCTI Mobile. The questions will be their comments and upload their photos which inline as having interactive with another user using chat appeared in a form of template with 110 sec. The with brand campaign feature questions consist of product knowledge from brand and program

Banner Random Native Ads Pre Roll A small picture on top of page with landing page Bigger than banner, native ads are in the middle of the TVC with 15 sec duration. Pre roll will appear before the page. Brand can put their landing page on native ads video content 21 Digital

Indonesia’Most Watched Youtube Content | Derived from clips of MNCN Library

1

Starting in May 2020, MNCN agreed to do the same arrangement with Facebook, with a minimum guarantee in place.

22 Digital

Number One Youtube TV Views & Subscribers in Indonesia

MNCN vs Competitors - views MNCN vs Competitors - subscribers (in billion)

Source : MNC Research Source : MNC Research, FY-2019 July 2020

MNCN 4,73 % 2,19% 2,50% Nationwide Youtube market share: Views Subscribers Video Uploads

Note: Data for Youtube Indonesia 23 Digital

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

2

24 Digital

Leading Digital Network

MCN (Aug 2019 – July 2020): 3 • Star Hits is a digital network that develops content creators, talent or influencers, to cooperate • 45.4mn subscribers with the brand and to create the ecosystem that are connected in the content. • 4bn views

• Owns various channels under star hits family brand, which focuses on various different genres. MCN + Non – MCN • 97mn subscribers (as of July 2020) • Currently, Star Hits also coordinates all of MNC Group’s channels in all social media. • 24.1bn views (FY – 2019) • Star Hits started its MCN (Multi-Channel Network) operation in August 2019.

My First Awards !! Thank God I’m Kibo Kiting #19 : Di Bajak Tante Andmesh Kamaleng – Flobamora Nantangin Roma Naik Wahana So Melody JKT48 & Tante Ayu Ting (Cover Live Studio) Ekstrim Dufan Happy .. #MJVLOG3 Ting 25 Digital

MNCN’s General and News Portal - #1 and #6 in Indonesia RANKS | Top Indonesian Sites *Update 1 August 2020 1. Okezone.com 11. Bukalapak.com 12. Suara.com 2. Google.com

3. Tribunnews.com 13. Brilio.net

4. Youtube.com 14. Kumparan.com

5. Grid.id 15. Idntimes.com 6. Sindonews.com 16. Merdeka.com

7. Kompas.com 17. Google.co.id

8. Detik.com 18. Yahoo.com

9. Liputan6.com 19. Jpnn.com

10. Tokopedia.com 20. Blogspot.com

Note : For News portal, Okezone.com is ranked #1 (20mn daily UV) and Sindonews.com #6 26 Digital

OTT Media Services

1. Video Streaming 4. Talent Search - UGC • LiveTV, catch up TV, and FTA programs - • Video sharing experience current and library • Exclusive content upload from the library • Fresh extended content and FTA unaired in short and medium form and content content (bloopers and behind the scene) similar those uploaded on YouTube • Creative content: Quiz, reward system, • Talent search competition – facilitate original short, mid, & long form content, user to unlock their potential to the voting, and chats with MNC talents world through online competition 2. News Aggregator 5. Games Aggregator • Integration of MNCN news platforms into • Provides access to new and exciting games RCTI+ content • Top 20 articles from different categories • A constantly expanding content offering derived from MNCN general and news portal • Cooperation with portal aggregator Fact Sheet: 3. Audio Aggregator 1. Established in August 2019. 2. Running on Advertising VOD model. • Radio Aggregator – All radio stations 3. MAU: More than 10 million (as of July 2020). available digitally on the app with a choice of 4. Average viewing duration: 86 minutes. channels from various genres, years and 5. Revenue projection for 2020: $25-30 mio. mood selections 6. Ads generation: independent and FTA bundle. • Music radio playlist podcast content, and UGC podcast 27 The Largest Broadcast & Production Facilities in South East Asia which enable MNC to 22 strategically expand into Digital Ecosystem (more than 400,000sqm built up area)

MNC Studios, West Jakarta MNC News Centre, Central Jakarta28 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”

Indoor Set – “Amanah Wali 4” Outdoor Set – “Memet” Indoor Set – “Jaka Tingkir” 29 MNCN H1-2020 FINANCIAL PERFORMANCE

Income Statements 1H-20/19 Variance Q2-20/19 Variance In IDR mio 1H-2020 1H-2019 YoY Q2-2020 Q2-2019 QoQ Revenues 3.966.928 4.251.970 -6,7% 1.951.134 2.365.615 -18% Advertisement 3.615.774 4.032.745 -10% 1.803.433 2.264.790 -20% Digital 409.080 325.215 26% 209.828 165.845 27% Non-digital 3.206.694 3.707.530 -14% 1.593.605 2.098.945 -24% Content 807.924 912.898 -11% 336.479 452.944 -26% Others 59.391 54.751 8% 33.901 27.140 25% (Elimination) (516.161) (748.424) (222.679) (379.259)

Direct Cost *) 1.381.244 1.487.583 -7% 670.001 831.856 -19% Depreciation and amortization 107.172 91.412 17% 49.350 46.086 7%

Gross profit 2.478.512 2.672.975 -7% 1.231.783 1.487.673 -17% Gross profit margin 62% 63% 63% 63%

General & Administrative expense *) 798.307 855.397 -7% 388.517 455.556 -15% Depreciation and amortization 146.239 127.045 15% 87.980 78.571 12%

EBITDA 1.787.377 1.908.990 -6% 892.616 1.078.203 -17% EBITDA Margin 45% 45% 46% 46% Net Income 1.007.637 1.219.864 -17% 674.891 634.895 6% Net income margin 25% 29% 35% 27% 30 MNCN FY-2019 FINANCIAL PERFORMANCE Income Statements Actual Variance Digital : Content : In IDR mio FY-2019 FY-2018 YoY • Digital Broadcast • Content Production Revenues 8.353.365 7.443.905 12% • Social Media (Library & (in-house & third party) Advertisement 8.065.137 7.242.402 11% original content, etc) • Content Library Digital 697.396 261.102 167% • Online portal Non-digital 7.367.741 6.981.300 6% Others : Content 1.740.365 1.518.392 15% Non Digital Advertising : • Talent Management Others 113.911 199.825 -43% • Conventional TVC • Print (being down sized) (Elimination) (1.566.048) (1.516.714) • Creative ads/ NTC ads • Equity Link Direct Cost *) 2.835.003 2.643.184 7% Depr & amort in Direct Cost 195.485 181.818 8% MNCN FY-2019 VS Market Consensus

Gross profit 5.322.877 4.618.903 15% Gross profit margin 64% 62%

General & Administrative expense *) 1.804.950 1.623.994 11% Depreciation and amortization 258.927 255.146 1%

EBITDA 3.713.412 3.176.727 17% EBITDA Margin 44% 43%

Net Income 2.352.529 1.605.621 47% Net income margin 28% 22% 31 The Emerging Content and Digital Ads Revenue

*Before elimination • There is a strong growth in our digital and content revenue. Both have already contributed to 31% of the total revenue.

• The Company expects that by 2022, it will reach more than 40% of the total revenue.

• By 2024, it will contribute more than 50% of the total revenue.

• Moving forward, It is expected that our earnings in digital will increase significantly with the inclusion of MCN and RCTI+, which were introduced in August 2019. 32 1. PT Global Mediacom Tbk – Corporate Structure

Content 2. PT Media Nusantara Citra Tbk – Corporate Update

3. PT MNC Vision Networks Tbk – Corporate Update Macro Drivers Support Industry Growth

Population (in millions)

• The world fourth most populous nation. • A large & young population, 226mn people below age of • GDP per capita approx $4,000. 54; growing by 3 to 4 Million people every year for the next • Real GDP growth of 5.5% per annum. 15 years. • Indonesia will be the second largest Pay TV growth in the region after Philippines, with annual growth of 6%. • Indonesia will be the third largest fixed broadband subscription growth in terms of revenue at 11% (CAGR 2018-2023) in Asia Pacific.

Pay TV Penetration - % (2019) Fixed Broadband Penetration - % (2019)

34 The Most Integrated Subscription Platform with Content Superiority

* As of June 2020

PUBLIC

PT MNC Vision Networks Tbk (IPTV)

66.83% 33.17%

91.90% 80% 99.99% 100% 99.90% 99% 100% PT MNC Sky Vision Tbk PT Digital Vision Nusantara PT MNC Kabel Mediakom Play Box PT MNC OTT Network PT Mitra Operator Local MNC Channels

DTH post-paid Pay DTH pre-paid Pay LCO TV TV Broadband & IPTV Android TV OTT Box OTT – TV Anywhere Local Cable Operator Pay Channel & VOD • Broadening reach of • TV anywhere for • Produces and • DTH KU-Band for MVN to untapped • Over 90% market • Provides high speed • Distribution through MVN subscribers. operates 12 pay cost efficient Pay-TV Market all share with 2.1m FTTH broadband and MNC Vision, MNC channels. services, capturing • Vision+ has 1.2 mio over Indonesia. subscribers. interactive IPTV Play, digital channel mass market paid subs and over • Produces original services. (e-commerce), and • LCO Partnership • DTH S-band (2.520 – segment. 29 mio MAU. content suited for retail dealership. through 2.670 Ghz) for • 3rd largest digital platform • Acquires 9,000 - • Live TV, catch up TV, digitalization or extensive nationwide broadband with 1.5 • Selling Play Box (short and medium 10,000 new library, VOD, and content licensing & coverage. mio home pass and using 3rd party form content). subscribers on a original content, acquisition close to 300,000 broadband network. • Hidden treasure: 5G daily basis. both short and mid • MNC Channels has subs. • Drive subscriptions and LTE spectrum. • Exclusive FTA, Pay form. produced over • Currently sitting with by supplying LCO • Distribute Android channels and VODs 63,000 hours of in – • Distribute Android more than 3.2 mio • Running on both with MNC Group TV OTT Box. at affordable price. house content since TV OTT Box. subscribers. AVOD and SVOD superior & premium its inception. model. content 35 MNC Vision - Quality Focused And Continuous Cost Efficiency

• 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). • 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 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.

36 K Vision – Pay TV Platform for the Mass Market

(in thousands) Customer Acquisition • Prepaid Pay TV, which captures mass August: Acquired by MVN market in Indonesia with 20+ mio target homes that can potentially be a subscriber. • Acquires 9,000 – 10,000 new subscribers on a daily basis with more than 3.2 million subscribers as of June 2020. • LCO Partnership through digitalization and content licensing. • QR Link to ramp up voucher sales to Rp50 – 60 bio/month

(in billions) Top Up Voucher Purchase

37 Fixed Broadband and IPTV- Coverage Expansion For Extensive Growth

• 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) • Distribute Android TV OTT Box. 3 strategic stance for broadband & IPTV expansion

1 2 3 Subs & HP Growth 2015 - 2019

MNC Play has secured partnership with ICON+ and FiberStar, which allows the Company to lease excess network capacity to penetrate into customer homes. Introduction of Playbox (android TV This will expedite MNC Play’s future growth, both OTT box) in May 2020 to penetrate all in terms of number of subscribers and home pass Subs HP in thousands (000) expansion, without having to do internal home broadband households in Indonesia pass rolling out activities. 38 The Playbox – Android TV OTT Box

• The Company launched Android TV OTT Box in May 2020.

• The device allows user to access MVN suited pay channels, content library,

various applications, and more importantly, MNC Group’s 4 FTA TV (RCTI, MNCTV, GTV, and iNews).

• The Playbox is available to be distributed via over 100 branches all over Indonesia through MNC Vision (tier 2 and tier 3 area) and MNC Play (tier 1 ANDROID TV OTT BOX area) coverage area, as well as digital marketing channel (e-commerce platforms) and retail dealerships.

• Riding on other broadband internet network provider - the launch of the Android TV OTT Box allows MVN to penetrate untapped non – MVN broadband internet users in Indonesia (estimate target market: more than 6 million households)

• Playbox target subscribers acquisition in 2020: 75,000

39 Penetrating Untapped Pay-TV Market Through LCO Partnership and Acquisition

No of Registered LCO: • In May 2020, MVN completed its first 417 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 LCO PARTNERSHIP - METHODS 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 subscribers 40 Vision+ – TV Anywhere, Anytime

• As a TV anywhere, Vision+ is a SVOD business model offered together with the services provided by MNC Vision & K-Vision (DTH), MNC Play, and Playbox (android TV OTT box). Vision+ has 1.2 mio paid subscribers to date.

• The OTT platform comprise of more than 130 live and 80 catch-up channels, with access to thousands of on-demand content, both original and third party content.

• Vision+ today has over 29 mio MAU.

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

FTA IN-HOUSE PRODUCTION (available exclusively on (hours)

MVN’s Pay TV Platforms) 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 March 2020

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

42 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) Rank Channel Share (%) Rank Channel Share (%) Rank Channel Share (%) The Top 10 Pay TV 1 RCTI Pay 11.59 26 FOX ACTION MOVIES 0.72 51 ASIAN FOOD CHANNEL 0.17 channels in Indonesia. 2 TRANS Pay 10.65 27 NATIONAL GEOGRAPHIC 0.62 52 MNC SHOP TRENDY 0.17 3 TRANS7 Pay 8.36 28 S-ONE 0.59 53 DMAX 0.17 Rank Channel Share (%) 4 SCTV Pay 7.98 29 NICKELODEON 0.53 54 COMEDY CHANNEL 0.16 5 IVM Pay 7.21 30 DRAMA CHANNEL 0.49 55 MNC FASHION 0.15 1 MNC Group 25.90 6 TVONE Pay 7.07 31 CELESTIAL MOVIES 0.44 56 FOOD AND TRAVEL 0.15 2 TRANS Group 19.01 7 ANTV Pay 6.64 32 MOVIE CHANNEL 0.42 57 THRILL 0.12 3 SCM Group 15.19 8 METRO Pay 5.07 33 FOX CHANNEL 0.41 58 FOX LIFE 0.12 4 VIVA Group 13.71 9 GTV Pay 4.33 34 CCM 0.38 59 DISCOVERY CHANNEL 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 13 FOX FAMILY MOVIES 1.34 38 INFOTAINMENT 0.28 63 SOCCER CHANNEL 0.10 8 Sony 1.54 14 HBO 1.33 39 Z BIOSKOP 0.28 64 ANIMAL PLANET 0.10 9 VIACOM 1.38 15 FOX MOVIES 1.20 40 TOONAMI 0.28 65 GAMES CHANNEL 0.09 10 TVRI 0.92 16 CNN INDONESIA 1.15 41 HBO HITS 0.27 66 AUTO AND GADGET 0.09 17 MNC ENTERTAIMENT 1.01 42 FOX SPORTS 2 0.27 67 PREMIERE 0.08 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 LIVING 0.08 20 NICK JUNIOR 0.85 45 KIDS CHANEL 0.24 70 ANIMAX 0.07 21 CINEMAX 0.82 46 FOX CRIME 0.22 71 IDX CHANNEL 0.06 22 MNC NEWS 0.82 47 MUSIC CHANNEL 0.22 72 CHANNEL V 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 43 MNC Channels Performance – Pay Channels Ranking (non-FTA)

Number #1 Indonesia Pay TV Market position by 21.1% market share (Excl FTA Channels)

Audience Audience Audience Rank Channel Share Rank Channel Share Rank Channel Share 1 VISION PRIME 8,69 21 MNC NEWS 1,79 41 LIFESTYLE AND FASHION 0,47 2 FOX MOVIES 7,78 22 MUSIC TV 1,67 42 FOX LIFE 0,34 3 NICK JUNIOR 6,29 23 CINEMAX 1,62 43 DISCOVERY CHANNEL 0,29 4 DISNEY JUNIOR 5,65 24 FOX CHANNEL 1,51 44 CNN INTERNATIONAL 0,29 5 FOX ACTION MOVIES 5,53 25 CCM 1,34 45 FOX SPORTS 2 0,28 6 TOONAMI 4,12 26 ZEE BIOSKOP 1,21 46 ANIMAL PLANET 0,28 7 CARTOON NETWORK 3,92 27 AXN 1,14 47 MNC SPORTS2 0,16 8 CNN INDONESIA 3,91 28 FOX FAMILY MOVIES 1,11 48 IDX CHANNEL 0,15 9 HBO 3,82 29 INFOTAINMENT 0,97 49 ANIMAX 0,11 10 S-ONE 3,61 30 ENTERTAINMENT 0,94 50 CHANNEL V 0,06 11 NICKELODEON 3,15 31 FOX CRIME 0,91 51 BEIN SPORTS 1 0,05 12 DISNEY CHANNEL 2,99 32 LIFE CHANNEL 0,82 52 MNC SHOP TRENDY 0,04 13 HBO FAMILY 2,72 33 FOX SPORTS 0,79 53 FX 0,04 14 CELESTIAL MOVIES 2,52 34 THRILL 0,79 54 CNBC ASIA 0,01 15 OK TV 2,25 35 MUSLIM TV 0,74 55 AMC 0,00 16 NATIONAL GEOGRAPHIC CHANNEL 2,18 36 ASIAN FOOD NETWORK 0,70 56 GEM 0,00 17 NGC WILD 2,11 37 MNC SPORTS 0,65 57 DIVA 0,00 18 HBO HITS 2,01 38 HBO SIGNATURE 0,60 58 DMAX 0,00 19 KIDS TV 1,98 39 NGC PEOPLE 0,50 59 E! ENTERTAINMENT 0,00 20 BERITA SATU 1,87 40 BABY TV 0,48 60 JIM JAM 0,00 Source: Nielsen Pay-TV May 2020 44 Creation of MVN original content portfolio

Creative Content Long Form

Vision+ Original RCTI/MNCTV/GTVShort MNC VOD Library MVN Original Productions Short (5-8 mins) and mid Clips (3-5 mins) (30-60 mins) (30 min series) (10-20 mins) Web Series  Drama  Highlights  Dramas  Segment  Talent show  Talent show  Drama  Bloopers  Reality show  Comedy sketch  Behind the scenes  Entertainment  Lifestyle  Interviews  Lifestyle  Kids

45 IPTV 1H-2020 Financial Results

Income Statements Variance Variance 1H-2020 1H-2019 Q2-2020 Q2-2019 In IDR mio % % Revenues 1.733.596 1.549.669 12% 890.938 784.977 13% Satellite Services 1.243.627 1.114.484 12% 593.050 554.314 7% Digital, IPTV and Broadband Services 430.197 367.569 17% 270.012 192.638 40% Others 59.772 67.616 -12% 27.876 38.025 -27%

Direct Cost*) 892.764 819.992 9% 456.589 400.025 14% Depr & amort in Direct Cost 500.012 538.016 -7% 260.090 261.966 -1%

Gross Profit 340.820 191.661 78% 174.259 122.986 42% Gross profit margin 20% 12% 20% 16%

General & Administrative expense*) 120.608 112.379 7% 71.681 69.219 4% Depr & amort in Gen&Admin 29.143 9.076 221% 13.061 4.664 180%

EBITDA 720.224 617.298 17% 362.668 315.733 15% EBITDA Margin 42% 40% 41% 40%

Net Income (Loss) 125.792 22.903 449% 84.981 26.927 216% Net income margin 7% 1% 10% 3%

*) exclude depreciation and amortization 46 IPTV FY-2019 Financial Results

Income Statements YTD Variance Q4 Variance In IDR mio 2019 2018 YoY Q4-2019 Q4-2018 QoQ Revenues 3.524.913 3.227.280 9% 997.469 822.894 21% Satellite Services 2.528.375 2.383.616 6% 730.374 587.580 24% Digital, IPTV and Broadband Services 930.959 653.931 42% 252.814 189.342 34% Others 188.564 201.098 -6% 71.959 56.594 27% (elimination) (122.985) (11.365) (57.678) (10.622)

Direct Cost*) 1.721.681 1.593.417 8% 454.041 380.660 19% General & Administrative expense*) 267.547 277.495 -4% 105.101 105.467 0% EBITDA 1.535.685 1.356.368 13,22% 438.327 336.767 30% EBITDA Margin 44% 42% 44% 41% Depreciation and amortization 1.098.895 1.025.049 7% 294.632 262.840 12%

Net Income (loss) 326.185 (69.131) 572% 169.419 904 18641% Net income margin 9% -2% 17% 0% *) exclude depreciation and amortization 47 Thank You