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20231101_KPIG_Laporan Informasi dan Fakta Material_31483961_lamp1.pdf
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Up to the Third Quarter of 2023, PT MNC Land Tbk's
Net Income Skyrocketed Nearly 5 Times Fold
Jakarta, October 31, 2023 – PT MNC Land Tbk (IDX: KPIG) continues its positive performance by
recording a net income of Rp1,046.6 billion for 9M-2023, or soaring 39.8% year-on-year (yoy) from
Rp748.9 billion in 9M-2022. The Company’s revenue was mainly derived from hotel and resort
segment, accounting for 55.8% of the total revenue, followed by property management and other
services with 30.5%, office space rental 13.1%, and apartment and other properties at 0.6%. The
hotel and resort segment generated the highest increase of 100.2% yoy from Rp291.9 billion in 9M-
2022 to Rp584.5 billion in 9M-2023.
The Company recorded a 63.6% yoy EBITDA jump, from Rp126.5 billion in 9M-2022 to
Rp206.9 billion in 9M-2023. All of the above brings the Company’s net income to Rp308.7 billion at
the end of September 2023 or shot up 376.3% yoy from Rp64.8 billion in the same period last year.
The Company posted a healthy profit margin of 29.5%.
9M-2023 Financial Highlights 9M-2023 Revenues
by Segment
in million Rupiah 9M-2023 9M-2022 %
Profit and Loss
Net Revenues 1,046,629 748,917 39.8%
Gross profit 396,801 251,693 57.7%
Net income 308,728 64,819 376.3%
Total net income (loss) attributable to:
- Owners of the company 287,772 75,234 282.5%
- Non-controlling interests 20,956 (10,415) 301.2%
Total comprehensive income 292,261 52,470 457.0%
Total comprehensive income (loss) attributable to:
- Owners of the company 271,305 62,885 331.4%
- Non-controlling interests 20,956 (10,415) 301.2%
(in full Rupiah)
Earnings per share 3.24 0.89 264.0%
in million Rupiah 9M-2023 FY-2022 %
Balance Sheet
Total assets 32,565,280 31,955,761 1.9%
Total liabilities 6,785,358 6,468,100 4.9%
Total equity 25,779,922 25,487,661 1.1%
PT MNC Land Tbk Page | 1
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BUSINESS UPDATE
Park Hyatt Jakarta
At the end of June 2023, Park Hyatt Jakarta presented the Royal Glasshouse, a luxurious MICE
(Meetings, Incentives, Conferences, and Exhibitions) facility with a spacious area of 1,650 m2,
capable of accommodating 1,400 people, surrounded by a beautiful garden with a modern and
magnificent design.
Park Hyatt Jakarta was appointed as one of the hotels to host delegates during the 43rd ASEAN
Summit in early September 2023.
MNC Lido City Special Economic Zone (SEZ)
MNC Lido City SEZ is the Company's flagship project, which was inaugurated by President
Joko Widodo in late March 2023. It covers an area of 1,040 Ha out of a total area of 3,000 Ha.
Various facilities of MNC Lido City SEZ that are currently being constructed include:
World Championship standard 18-hole Golf Course, Golf Club, and Private Clubhouses
This Golf Course has an area of 83 Ha, designed by Ernie Els, one of the world-class golf course
designers. The advantage offered is an impressive golfing experience, surrounded by lush green
scenery and cool breeze. The Company targets the completion of this course in early 2024.
Lido Music & Arts Center
The 5 Ha Lido Music & Arts Center officially opened for
public on September 8, 2023, with the "LMAC
MUSICFORALL FEST 2023" event. This inaugural
concert became a grand music festival that
successfully brought renowned musicians, including 4
international musicians from Korea: Taeyang, The
Rose, Apink, and Secret Number, as well as popular
local artists: Rizky Febian, Mahalini Raharja, Fourtwnty
Music, DJ Dipha Barus, Gigi Band, Maliq & D'Essentials,
and Weird Genius. This area can accommodate up to
50,000 visitors.
PT MNC Land Tbk Page | 2
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Movieland
Movieland stands on an area of 21 Ha as the largest and most integrated content production
complex in Southeast Asia, covering end-to-end pre-production, production, and post-
production needs with international standards and is supported by advanced technology for
best programming quality. This complex serves as a shooting location for several MNC Group's
flagship drama series contents, including Cinta Alesha, Takut Gak Sih, Kembalinya Raden Kian
Santang, Rahasia dan Cinta, Kesetiaan Janji Cinta, Mahligai untuk Cinta.
Lido Skyview Resort
The addition of 124 rooms at Lido Lake Resort area to accommodate more vacationers. The
Company targets the completion of this project in early 2024. It comes with a range of facilities
to boost tourism potential in the Lido region, such as fitness center, spa, kids club, business
center, and integration with Lido Adventure Park, which will be the largest outbond area in
Southeast Asia, bathed in fresh air.
For further information, please contact: PT MNC Land Tbk
Natassha Yunita – Head of Investor Relations MNC Tower, 17/F, MNC Center
natassha.yunita@mncgroup.com Jl. Kebon Sirih No. 17-19, Menteng
investorrelations.mncland@mncgroup.com Jakarta Pusat 10340, Indonesia
Phone: +62 21 3927471
Fax: +62 21 3921227
www.mncland.com
DISCLAIMER
By accepting this Press Release, you agree 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 Press Release 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 Press Release 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 Press Release 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 Press Release.
In addition, the information contained in this Press Release 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 forecasts and projected.
This Press Release 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.
PT MNC Land Tbk Page | 3
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