2020 Annual Report, Which Is Expected to Be Made Available to Us After That Date

2020 Annual Report, Which Is Expected to Be Made Available to Us After That Date

Strength Resilience Powered by thinkers & doers Annual Report 2020 www.mediaprima.com.my Media Prima Berhad 02 About this Report 03 Corporate Structure Kindly scan WHO WE ARE 04 Corporate Profile the QR code 06 2020 Corporate Highlights to view this 08 Organisation Structure annual report 02-09 online. 10 Message from Our Group Chairman 14 Message from Our Group Managing Director WHERE WE ARE 18 Platform Review 44 Group Financial Review 50 Our Audiences 10-53 53 Share Price Chart WHAT WE 54 Sustainability Statement STAND FOR 75 Investor Relations 54-75 76 Board of Directors 86 Senior Management Team OUR TEAM 91 Editorial Team 76-93 INSIDE THIS REPORT Annual Report 2020 94 Corporate Governance Overview Statement 107 Additional Compliance Information 110 Statement on Risk Management OUR GOVERNANCE and Internal Control 118 Audit Committee Report 124 Risk Management Committee Report 94-126 VISION To become 128 Directors’ Report the Leading 132 Statements of Comprehensive Income Digital First- 134 Statements of Financial Position 136 Consolidated Statement of Content and Changes in Equity OUR NUMBERS 137 Statement of Changes in Equity Commerce 138 Statements of Cash Flows 141 Notes to the Financial Statements Company 232 Statement By Directors 128-236 232 Statutory Declaration 233 Independent Auditors’ Report MISSION 237 Analysis of Shareholding ADDITIONAL 240 List of Top 10 Properties INFORMATION 241 Corporate Information To Enrich Lives by 237-241 Informing, Entertaining, and Engaging Across All 242 Notice of 20th Annual General Meeting Media 245 Statement Accompanying Notice AGM INFORMATION of 20th Annual General Meeting 246 Financial Calendar 247 Group Directory • Proxy Form 242-247 WHO WE ARE Media Prima Berhad 02 About This Report Media Prima has a long history of creating content and beloved brand names that Malaysians identify and grew up with. We are home to Malaysia’s oldest newspaper, Our Reporting Suites most watched television stations and local news programmes, largest out-of-home Our reports provide a comprehensive review of our financial position and performance. advertising network, multiple radio stations and popular brands across print, television and digital platforms. We own one of the most popular home shopping networks in the country. On the community front, our public-funded humanitarian fund, launched in 1991, continues to assist Malaysians and communities abroad in need of support. As the nation’s largest and leading integrated media group we owe it to our stakeholders to be transparent and accountable in every step of our business, especially in the communication of our operations, strategies, and the measures we have undertaken to create value for all. Annual Report Sustainability Report This report provides a review of our In this report, we present Media At the end of each financial year, we strategy, as well as financial and Prima’s commitment to sustainable produce the Media Prima Annual Report and non-financial milestones. It has been work and transparent reporting Sustainability Report which elaborate on our prepared in accordance with the Main through an overview of our approach overall business strategy, our targets, and Market Listing Requirements by Bursa and performance in key sustainability how we achieved them. Our Group Chairman’s Malaysia, Malaysian Code on Corporate areas. This report is guided by globally Statement provides an overview of our Governance 2017, Companies Act recognised sustainability frameworks performance for the year while our Group 2016, Malaysian Financial Reporting including Global Reporting Initiative Managing Director’s Statement discusses the Standards and International Financial (GRI) Sustainability Standards, Bursa overall progress of our strategic growth plans Reporting Standards. Our financial Malaysia’s Sustainability Reporting as well as moving forward the direction of the statements are independently audited by Guide, FTSE4Good Bursa Malaysia future. PricewaterhouseCoopers PLT. Index and International Organization for Standardization 2600:2010 Guidance on This report is dedicated to all of our Social Responsibility. stakeholders, especially to our team — you are the beating heart of Media Prima. It is your dedication and passion that continues to contribute to our success. Terima kasih! The full Annual Report and Sustainability Report can be viewed and downloaded online at www.mediaprima.com.my. We welcome you to get in touch with us on any aspect of our report. Please contact us at [email protected]. WHO WE ARE Annual Report 2020 03 Corporate Structure Company Brand MEDIA PRIMA OMNIA 100% Media Prima Omnia Sdn Bhd MEDIA PRIMA TELEVISION NETWORKS 100% 100% 100% 100% 100% Sistem Televisyen Ch-9 Media Metropolitan TV Natseven TV WOWSHOP Sdn Bhd Malaysia Berhad Sdn Bhd Sdn Bhd Sdn Bhd (Formerly known as MP CJ ENM Sdn Bhd) THE NEW STRAITS TIMES PRESS 98% 100% The New Straits Print Towers Sdn Bhd Times Press (100% held by The New (Malaysia) Berhad Straits Times Press (Malaysia) Berhad) REV MEDIA GROUP 100% REV Media Group Sdn Bhd (Formerly known as REV Asia Holdings Sdn Bhd), a subsidiary of Media Prima Digital Sdn Bhd BIG TREE 100% 100% 100% 100% 100% 60% Big Tree Outdoor Kurnia Outdoor Gotcha The Right Channel UPD Big Tree Seni Jaya Sdn Bhd Sdn Bhd Sdn Bhd Sdn Bhd Sdn Bhd Sdn Bhd PRIMEWORKS STUDIOS 100% 100% Primeworks Studios Alternate Records Sdn Bhd Sdn Bhd RIPPLE 100% 100% 99% 100% Max - Synchrosound One FM Radio Kool FM Radio Airplay Sdn Bhd Studio Sdn Bhd Sdn Bhd Sdn Bhd WHO WE ARE Media Prima Berhad 04 Corporate Profile Media Prima Omnia offers Media Prima owns and Media Prima owns more than creative services and operates four free-to-air 98% equity interest in The New integrated marketing solutions television stations. They Straits Times Press (Malaysia) across all Media Prima include TV3, Malaysia’s premier Berhad (“NSTP”), which owns platforms, specializing in brand station by audience share; three of Malaysia’s most campaigns, events and creative TV9, the lifestyle channel best recognised print and online content. known and hugely popular for news brands — New Straits its home-shopping programme, Times, BH (“Berita Harian”) The ‘Omnia Solution’ provides WOWSHOP; ntv7, the popular and Harian Metro, as well clients with the opportunity station for Malaysian urbanites; as their respective weekend to market their brands across and 8TV, the leading channel editions. In 2020, Print Towers Media Prima’s broad range of for the Chinese audience. Sdn Bhd, formed out of NSTP’s media assets, which include Production and Distribution Media Prima TV Networks In 2016, the Group ventured unit, began to operate as (free-to-air TV stations), RIPPLE into commerce with WOWSHOP, a profitable standalone (radio, digital and e-commerce), an innovative home shopping commercial entity. The New Straits Times Press network that is accessible (print and digital media), Big across television, online and Tree (out-of-home), REV Media mobile platforms, bringing Group (digital media) and Malaysians a uniquely visual, Primeworks Studios (content interactive and immersive creation and production). experience. WOWSHOP provides high quality products With just one brief, the Omnia and services aimed at Solution enables clients to enriching people’s lives. As enjoy efficiencies in pricing "The Foremost Customer- – ensuring better Return-on- oriented Content Commerce Investment. Platform in Malaysia", WOWSHOP enables people Omnia’s services currently to shop at their own comfort, address 98% of Malaysian whether it is at home or households, and 24 million anytime, anywhere. audiences across all ages and walks of life in the country daily. MEDIA PRIMA OMNIA MEDIA PRIMA TELEVISION NETWORKS STRAITS THE NEW TIMES PRESS (MALAYSIA) BERHAD WHO WE ARE Annual Report 2020 05 REV Media Group (formerly Big Tree is the market leader of Primeworks Studios is an RIPPLE is an audience-focused known as REV Asia Holdings Malaysia’s out-of-home (“OOH”) established South-East Asian radio brand offering solutions Sdn Bhd), a subsidiary of Media advertising industry along with production company involved in through multiple touch- Prima Digital Sdn Bhd, is the Kurnia, UPD, TRC, Gotcha, and the creative content business points of radio such as digital, leading digital publisher in BTSJ. Big Tree offers integrated in every aspect of the media influencers and experiences. Malaysia, representing over 40 OOH advertising solutions chain in TV and film production, RIPPLE is represented through top authority brands with an across multiple concessions content sales, film distribution four broadcast brands – Fly FM, extensive distribution network in cities, expressways, transit and marketing, animation, Hot FM, One FM and Kool FM, as that reaches out to more than network and retail hubs. This branded content, as well as well as a podcast platform, Ais 15 million people each month, includes static and digital media licensing and merchandising. Kacang. RIPPLE has garnered about 75% of Malaysia’s formats, together with online It is an award-winning content more than 12 million digital internet population. and on-ground experiential company producing over followers as well as over 95 strategies. The business of Big 3,000 hours of compelling million digital listens and 1.23 At REV Media Group, we believe Tree incorporates creativity content annually for a range of billion video views through in harnessing the power of and innovation in beautifying platforms including television, its brands. RIPPLE utilises

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