Corporate UpdateJanuary 2018

PT Media Nusantara Citra Tbk.

Listed and traded on the Indonesia Stock Exchange

STOCK CODE: BMTR

MNCN

MSKY

Disclaimer

2

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MNC Media Corporate StructureSection 1

MNC Media Corporate Structure

4

Global Mediacom Tbk

100 %

Media Nusantara Citra Tbk

Content and Advertising Based Media

68%

PT MNC Vision NetworkSubscription Based Media

Online Media

97.6%

IPTV/Fixed Broadband

100 %

Broadband

100 %

DTH Pay TV

Indonesia’s Media Industry UpdateSection 2

University4% Academy

3%

Senior High29%

Junior High19%

Elementary23%

NA22%

6

Population (2016) A Young Population : 80% - Below 50yr

Macro drivers support industry growth

Completed Education Level

Source: Nielsen Media ResearchSource: Indonesia Bureau of Statistics 2012

Monthly Household Expenditure (Rp1,000)

A large & young population

200mn people below age of 50

A rising middle class

Strong economic growth driven

by domestic consumption

60mn TV household

Only 4% of population has

university degrees

Indonesians prefer to watch TV

than to read, watching 5 hours

of TV per day.

What are the macro drivers?

A1 35006% A2 2501-

35009%

B 1751-250020%

C1 1251-175026%

C2 901-125021%

D 601-90013%

E <6005%

0-1428%

15-2417%

25-5443%

55-647%

65+5%1,374

1,267

258103 68 31 23 6

Chin

a

India

Indo

ne

sia

Ph

ilippin

es

Th

aila

nd

Ma

laysia

Au

str

alia

Sin

ga

pore

Source: MPA 2016

in millions

Source: United Nations (2015)

7

Well Positioned in a Conducive Growth Environment

Indonesia’s net ad spend as % of GDP is the lowest in the region, reflecting strong market growth potential

Price for a 30 seconds prime time spot is cheap compared to other ASEAN countries

Net Ad Spend as a Percentage of GDP (2016)

Source: Media Partners Asia 2016

USD/spot

30 seconds prime time spot

$5,400 $5,950 $6,600$10,600

$16,400

$40,000

$80,000

Indonesia Malaysia Vietnam Thailand Philippines Singapore Australia

Source: Media Partners Asia 2016

0.5%

0.5% 0.5%

0.4%

0.3%

0.2%

Vietnam Philippines Singapore Thailand Malaysia Indonesia

% of GDP

8

Prime time advertising slots are limited; strong demand for advertising

Local brands have been aggressive in advertising to compete with multi national companies

We expect automotive and financial companies to increase TV advertising budget

Industry Dynamics

Limited Supply : Only 11 FTA TV stations Demand (More brands advertising on TV)

38%

31%

19%

11%3%

MNCN

SCMA

VIVA

Trans

Others

Source: Nielsen All-Time all demography 2017

Limited Supply : Only 11 FTA TV stations

9

Low Penetration Rates in Key Segments

1.1 1.2 1.3 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.90.5 0.6 0.7 0.7 0.8 0.9 1.0 1.1 1.1 1.2 1.2

2012A 2013A 2014A 2015A 2016A 2017E 2018E 2019E 2020E 2021E 2022ETV Other

100% 100% 100% 100% 99% 99% 98% 97%89% 87% 85%

64% 62%

100% 100% 100% 100% 99% 99% 98% 97%89% 87% 86%

64% 62%

Korea Japan Singapore Australia Hong Kong Malaysia China Thailand Taiwan Vietnam Philippines India Indonesia

Low TV household penetration in Indonesia, relative to rest of Asia

Steady expansion of Indonesia advertising market

Asia Pacific TV Penetration of Total Households (2016 and 2017)

Source: Media Partners Asia 2016

Net advertising market (US$bn)

1.61.8 2.0 2.0 2.1

2.32.5 2.7 2.9 3.0 3.2

7.0%

6.0%

2012A – 2022E CAGR

(Total)

2012A – 2022E

CAGR (TV)

10

Media viewership in 2015

10

14

16

38

52

96

Cinema

Print

Radio

Internet

OOH

TV

Consumer Media View 2015 (%)

1214

30

2013 2014 2015

People Owning Smartphone (%)

Source: Nielsen Consumer Media View 2015

11

32%

61%

71%

2011 2014 2015

3 hours73%

>3 hours27%

% of daily internet user

Time Spent Internet in Daily (%)

vs

TV average of 5 hours per day

TV still Outweighs Growing Digital and Internet Consumption

Source: Nielsen Consumer Media View 2015

The average American watches an astonishing 5 hours and 4 minutes of TV a day according to Nielsen.

TV’s cumulative audience increase, to 213.5 million people, or 87.9%. A year ago, reach was 210.3 million, or 87.6%.

Americans aged 18 to 24, still watch 16.2 hours a week, whilst the 35 or older watch double that in a week.

About 50 percent of Americans now have subscription services like Netflix, Amazon Prime and Hulu in their homes.

More platforms more content, benefitting content provider.12

More People Are Watching TV Now Than a

Decade Ago, and millennial will come around, too

04:31 04:34 04:51

00:33 00:3300:32

01:52 01:5101:54

00:08 00:0900:1000:14 00:1400:1200:13 00:0900:05

00:58 00:4800:49

01:39

01:02 00:47

00:31

00:19 00:12

00:00

01:12

02:24

03:36

04:48

06:00

07:12

08:24

09:36

10:48

12:00

Q1 2016 Q1 2015 Q1 2014

source: Nielsen 1Q US Total Audience Report

Tablet

Smartphone

PC

Multimedia Device

Game Console

DVD

Radio

DVR/Time-Shifted TV

Live TV

US Advertising Market Share

13

14

FTA TV TIME SPENT IS STILL GROWING, WITH 35+ AGE

GROUP BEING MOST DOMINANT

4:18 4:34

4:26 4:37

4:25 4:53

4:214:58

4:29

5:20

2006 2016

50+

35 - 49

25 - 34

15 - 24

5 - 14

Hr:M Hr:M

13%

21%

21%

23%

21%

18%

27%

17%

19%

18%

Source: Nielsen, Universe %, 2006 (8 cities), 2011 (10 cities) and Jan – Sep 2016 (11 cities), all people 5+, All Time

15

OVER 90% OF ONLINE INDONESIANS REGULARLY

CONSUME TV AND ONLINE MEDIA SIMULTANEOUSLY

Simultaneous media consumption (TV + Online) – 2015 vs 2011

AGEDUAL SCREEN – 2011 DUAL SCREEN – 2015

TOTAL

10’s

20’s

30’s

40’s

50’s0%

45%

45%

46%

43%

47%

94%

93%

93%

96%

92%

88%

Source: Nielsen Cross Platform Report 2015, 16+

16

... AND THEY’RE MOST LIKELY TALKING ABOUT TV

Participation in social TV activity during 2015 (among total online population)

INTERACTING WITH OTHERS OR

POSTING COMMENTS about TV

Programs (Incl. Sports) or Movies as

you are watching them, or about those

you watched recently

READING OTHER PEOPLE’S

COMMENTS about TV Programs (Incl.

Sports) or Movies as you are watching

them, or about those you watched

recently

Weekly or more often

Within last 12 months 79%

58%

Weekly or more often

Within last 12 months 86%

57%

Source: Nielsen Cross Platform Report 2015, 16+

Media Credibility and Popularity

17

Print10%

Social Media14%

News Portal18%

Television57%

N/A1%

Most Accessible %Print14%

Social Media5%

News Portal11%

Television66%

N/A4%

Most Trusted %

Source: Kompas Media Survey, May 15th 2017

18

Indonesia’s Media Advertising Market Share

2022F2017

Given the infrastructure constraint, TV is the only medium to reach a mass audience. TV

advertising is expected to maintain a dominant market share

Online advertising to take market share from Newspaper and Magazine

MNC UpdateSection 3

The Largest Integrated Media Company in Southeast Asia

RADIO

PRINT

SUPPORTINGFREE-TO-AIR TV CONTENT

20

PAY-TV CHANNELSCONTENT LIBRARYTALENT / EVENTMANAGEMENT

Content library containsmore than 300,000 hoursand increasing by morethan 15,000 hours peryear

PRODUCTION

Studio based by 4 FTA

ENTERTAINMENT

NEWS & SPORTS

Our Key Growth Drivers

21

RCTI, MNCTV, and Global TV grow significantly outperforming the industry

iNews a national network with focus on news, infotainment and sports

20 exclusive channels on MNC Sky Visionto generate ad revenue

Integrated TV studios has been completed in 2015, is set to increase production capacity and quality of programming with efficient costs

Content is King

Content is the only way to capture audience share

and monetize advertising dollars

Indonesians love “Sinetrons” and we broadcast

many of the top drama series

We have licensed popular International programs

such as Master Chef, Indonesian Idol and X Factor

Exclusive programming with top Hollywood studios

More than 300,000 hours of content library and

increasing by more than 15,000 hours annually

We also have 21 MNC branded Pay TV Channels.

These channels are integral to our content strategy

Creating the best content is our top priority

“Content is where I expect much of the real money will be

made on the Internet, just as it was in broadcasting.

The television revolution that began half a century ago

spawned a number of industries, including the manufacturing of

TV sets, but the long-term winners were those who used the

medium to deliver information and entertainment.”

“Content is King” by Bill Gates in 1996

22Source: Nielsen Prime-Time All Demographic 5+ Audience Share

Dec-17

Share

1 RCTI ABC 21.7

2 SCTV ABCD 16.2

3 ANTV ABC 14.3

4 IVM ABCD 12.7

5 MNCTV ABCD 9.8

6 TRANS7 ABC 6.2

7 GTV ABC 5.7

8 TVONE ABC 5.0

9 TRANS ABC 4.8

10 METRO AB 1.7

11 INEWS ABC 1.1

Rank StationTarget

Audience

Top 20 Program as of 2017

23

• New comedy drama series produced by MNC Pictures “Dunia Terbalik” performed very

strong topping the program charts.

• 5 out of the Top 10 drama series for 2017 belongs to MNC

Source: Nielsen, ALL DEMO, 5+

NO PROGRAMS CHANNEL TYPE TVR SHARE

1 ANUGERAH CINTA RCTI Series 5.8 27.4

2 DUNIA TERBALIK RCTI Series 5.0 22.1

3 TUKANG BUBUR NAIK HAJI THE SER RCTI Series 4.9 19.7

4 ANAK JALANAN RCTI Series 4.9 23.0

5 SIAPA TAKUT JATUH CINTA SCTV Series 4.3 19.0

6 ORANG-ORANG KAMPUNG DUKU SCTV Series 3.9 15.9

7 ANAK LANGIT SCTV Series 3.8 16.1

8 JODOH ANTV Series 3.7 16.5

9 BOY SCTV Series 3.6 14.9

10 CAHAYA HATI(A01) RCTI Series 3.5 15.5

11 BUAYA PUTIH RCTI Series 3.2 12.3

12 PESANTREN & ROCK'N ROLL 4 SCTV Series 3.2 21.2

13 BERKAH CINTA SCTV Series 3.1 17.4

14 TOP TUKANG OJEK PENGKOLAN RCTI Series 3.1 15.7

15 AMANAH WALI RCTI Series 3.0 21.0

16 GOPI ANTV Series 2.9 19.0

17 SELEB DRAMA ANTV Series 2.9 21.3

18 GEET ANTV Series 2.8 15.8

19 JODOH PENGANTAR JENAZAH ANTV Series 2.8 17.0

20 WARTEG DKI(R) ANTV Series 2.8 12.2

Biggest producer of in-house content in Indonesia

Star Media Nusantara

RCTI, MNCTV, GTV and Sport

Productions

MNC Pictures

MNC Animation

• MNC produces over

15,000 hours of in house

content every year. 41

hours per day! More than

any competitors in

Indonesia.

• Full control from talent

management to

production to broadcast

• 4 in house production

divisions: The

programming strategy

allows RCTI to achieve

industry leading 55%

EBITDA margins.

Integrated end to end programming strategy drives highest margins

24

25

MNC Has The Best Talent Search Format Lineup

Pioneering the international scale talent search programs in Indonesia, such as

Indonesian Idol - 8th season and running,

X-Factor Indonesia - 2nd season and running,

Rising Star Indonesia - The 1st Season with interactive talent search programs

MasterChef Indonesia - 3rd season and running

The Voice Indonesia – Aired February 2016Our talent search programs are 3x more profitable than competing “In-house” dangdut singing competition

Sports

Movies

Lifestyle

News

Entertainment

Kids

Local content

26

The most comprehensive Pay-TV Channels line-up

We have the most comprehensive Pay TV channel lineup in Indonesia

Our customers prefer local content

Producing content in Bahasa Indonesia is our competitive advantage

We generate subscription revenue and advertising revenue

means it is the leader in its Pay TV category

Top 20 Most Watched Pay TV Channels for 2016

27

Source: AGB Nielsen Report

NO. CHANNEL

11 COMEDY CHANNEL

12 NGC WILD

13 FOX MOVIES PREMIUM

14 CINEMAX

15 MNC ENTERTAINMENT

16 MNC INFOTAINMENT

17 MNC NEWS

18 MOVIE CHANNEL

19 CHANNEL V

20 CELESTIAL MOVIES

NO. CHANNEL

1 DISNEY JUNIOR

2 DISNEY CHANNEL

3 CARTOON NETWORK

4 NATGEO CHANNEL

5 KIDS CHANNEL

6 DRAMA CHANNEL

7 MNC MUSLIM

8 MNC SPORTS

9 HBO HITS

10 HBO

2828

Pay TV Channels to drive ad revenue for MNCN

OPPORTUNITIES

MNCN has produced and packaged 21 Pay TV

channels exclusively for MNC Sky Vision. In return

MNCN receives 100% ad revenue

MNC Sports, MNC Infotainment, MNC News and

MNC Business, MNC Music Channel are ranked #1 in

their respective categories versus its International

peers

We expect MNC Channels to generate meaningful

advertising revenue as subscribers grow

MNC Channels share of Pay TV audience in 2016

Source : Nielsen TV Audience Measurement 2016

Rank Sports Channel Channel Share

1 MNC SPORTS 51,70%

2 FOX SPORTS 2 20,23%

3 FOX SPORTS 15,58%

4 SOCCER CHANNEL 12,49%

Rank News Channel Channel Share

1 MNC NEWS 50,822%

2 BERITA SATU 37,15%

3 MNC WORLD NEWS 7,18%

4CNN

INTERNATIONAL4,86%

Rank Lifestyle Channel Channel Share

1 MNC INFOTAINMENT 25,40%

2 MNC LIFESTYLE 15,05%

3 TRAVEL LIVING CHANNEL 12,91%

4 FOOD AND TRAVEL 11,84%

Rank Music Channel Channel Share

1 CHANNEL V 54,68%

2 MUSIC CHANNEL 45,32%

Rank Entertainment Channel Channel Share

1 DRAMA CHANNEL 23,06%

2 COMEDY CHANNEL 14,04%

3 MNC ENTERTAINMENT 12,84%

4 FOX CRIME 10,24%

Rank Business Channel Channel Share

1 IDX CHANNEL 93,34%

2 CNBC ASIA 6,66%

MNC Channels,

30.95%

Other Channels;

69.05%

MNC Channels’ Total Market Share for Pay TV

iNews the Largest National Network TV

29

• iNews was launched on April 6th 2015

• Focusing on 24 hours news, entertainment and sports

Total : 58 Stations Nationwide

Integrated Studio Facilities

30

Financial Update Media Nusantara CitraSection 4

32

Financial Performance from FY2013 until FY2016 (Audited)

Source: Company Financials

FY2013 to FY2016 Financials

FY2013 to FY2016 Solvency Metrics

IDR trillion

6.52

2.72

9.62

7.746.67

2.78

13.61

9.40

6.44

2.40

14.47

9.57

6.73

2.62

14.26

9.57

Revenue EBITDA Assets Equity

2013

2014

2015

2016

24%

66x

42%45% 48x

42%

51%

12x

37%

51%

14x

39%

Debt/Equity EBITDA/Interest EBITDA Margin

2013

2014

2015

2016

MNCN FS 9M-2017 VS 9M-2016MNCN Recorded Rp2.3 Trillion EBITDA in 9M-2017

33

34

Strong revenue growth with increasing EBITDA Margins

Room For Further Margins Improvement

Source : Company information

EBITDA margins (FY2011A – 9M/FY2017A; FY2020E)

33%

38%

42%

37% 38%40% 39%

43% 44%

2011A 2012A 2013A 2014A 2015A 2016A 9M-2016 9M-2017 2021E

2011A 2012A 2013A 2014A 2015A 2016A 9M-2016 9M-2017 2021E

35

Hary Tanoesoedibjo

President Commissioner

Founding shareholder and Group Executive Chairman of PT Bhakti Investama Tbk. since 1989

Currently holds positions in several other companies, including Group President & CEO of PT Global Mediacom Tbk. since

2002, President Commissioner of RCTI since 2008, President Commissioner of PT MNC Sky Vision (Indovision), President

Commissioner of Media Nusantara Informasi since 2008, President Commissioner of MNC Networks since 2008, President

Commissioner of MNC Pictures since 2007, and many other companies within MNC Media and Bhakti Investama Group

MBA degree from Ottawa University, Canada

Bachelor of Commerce (Honors) degree from Carleton University, Ottawa, Canada

David Fernando Audy

CEO Director of PT Global Mediacom Tbk since 2012. Also the President Director of PT Global Informasi Bermutu since 2010 and PT

Linktone Indonesia since 2011

Previously held several important positions such as the Managing Director of PT Media Nusantara Informasi, as Senior

Manager Corporate Finance then as Head of Investor Relations of PT Media Nusantara Citra Tbk

Previously worked at PT Elektrindo Nusantara from 2005 to 2006 and PT Mobile-8 Telecom Tbk from 2003-2005

Master of Commerce in Professional Accounting from the University of New South Wales and a Bachelor of Commerce in

Finance and Information System from the University of New South Wales

Faisal Dharma Setiawan

CFO CEO of PT Asuransi Jiwa Adisarana WanaArtha in 2012, Vice CFO – Strategy & Finance in PT Bank CIMB Niaga Tbk. in 2009

Commissioner in PT CIMB Sunlife and PT Asuransi CIGNA in 2009

AGM in PT Indo Kordsa Tbk in 2000, Director of Pension Funds Indo Kordsa Director in 1996

Graduated from Prasetya Mulya, Graduate School of Management with “MM” degree in International Business in 2001

Graduated from Universitas Katolik Parahyangan with Civil Engineer Degree (Bachelor Degree) in 1984

Ella Kartika

Director Managing Director in PT Global Informasi Bermutu in 2013

Programming & Production Director in PT Rajawali Citra Televisi Indonesia in 2011

Programming & Production Director in PT Global Informasi Bermutu in 2010

Sales & Marketing Director in PT Global Informasi Bermutu in 2008

Obtained Master of Management Program from University of Indonesia majoring in Finance & Banking in 1998

Kanti Mirdiati Imansyah

Director Director Sales and marketing of RCTI from 2010 – 2012, GM Sales and Marketing manager and Director Sales and Marketing

of CTPI from 2006-2010

AVP Sales and Marketing of Duta Visual Mandiri from 2003-2006, Head of Acquisition Manager of RCTI from 2002 – 2003

Sales Group Head Trans TV from 2000 – 2003, Sales Group Head & Account Executive1990 – 2000

Bachelor Degree of Science from La Jolla Academy of Advertising Arts and Associate Degree Fashion Merchandising from IFS

San Diego, USA

Highly Qualified and Experienced Management Team

36

Angela Tanoesoedibjo

Director

Managing Director of PT. Global Informasi Bermutu since 2014

Director of PT Megah Group since 2013 and MNI Entertainment since 2008.

Co-Vice President of MNC Channels in 2013

Corporate Finance & Business Development in 2010 – 2013.

Bachelor of Arts in Media Arts and Production from The University of Technology, Sydney and Master of Commerce in Finance

from The University of New South Wales, Australia.

Arya M. Sinulingga

Director President Director in PT Hikmat Makna Aksara (Sindo Weekly) in 2008

Corporate Secretary in PT Global Mediacom and PT Media Nusantara Citra in 2008 and 2010

Chief Editor in Global TV in 2011

Graduated from ITB (Institut Teknologi Bandung) with Bachelor of Civil Engineering degree in 1995

Gwenarty Setiadi

Independent Director

Director of Human Resources and General Services in PT MNC Sky Vision Tbk in 2009, GM Human Resources and General

Services in PT Media Nusantara Citra Tbk in 2008.

Vice President (VP) in Citibank for Human Resources and General Services in 2007, Head of Direct Sales Training Academy &

HRRM in 2005, Outsourcing Management Head in 2004

Graduated from University of Satya Wacana with Bachelor degree in Agronomy in 1982

Highly Qualified and Experienced Management Team

Thank You

For further information, please contact Investor Relations Division:

Tallytha Amandatallytha.amanda@mncgroup.com

Christy Kusuma Atmajachristy.atmaja@mncgroup.com

PT Global Mediacom TbkMNC Tower 29th Floor

Jl Kebon Sirih No.17-19Jakarta 10340, Indonesia

Tel: 62-21 3913338Fax: 62-21 3910454

Website: www.mncgroup.com