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20230801_KPIG_Laporan Informasi dan Fakta Material_31356553_lamp2.pdf
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H1-2023 Results, KPIG Continues Its Positive Performance
Jakarta, 31 Juli 2023 - PT MNC Land Tbk (IDX: KPIG) has improved remarkably in the first semester
of 2023. The Company’s net revenue increased by 60.5% year-on-year (yoy) from Rp443.4 billion in
H1-2022 to Rp711.7 billion in H1-2023.
The increase was mainly obtained from hotel, resort and golf segment which dominated the
Company’s revenue up to 54.3% in H1-2023. Other contributions are from security and other
services at 30.4%, office space rental at 14.7%, and apartments and other properties at 0.6%.
The Company’s EBITDA shot up 177.4% yoy, from Rp63.0 billion in H1-2022 to Rp174.8 billion in
H1-2023, equivalent to EBITDA margin of 24.6%. Meanwhile, KPIG’s net profit skyrocketed by
373.3% yoy to Rp354.3 billion in the first semester of this year.
On a quarterly basis, the Company’s financial statement also show improvements. The Company
recorded Q2-2023 revenue of Rp383.3 billion, up from Rp328.4 billion in the previous quarter.
Meanwhile, the Company’s EBITDA jumped from Rp81.2 billion in Q1-2023 to Rp93.6 billion in
Q2-2023.
H1-2023 Financial Highlights
in million Rupiah H1-2023 H1-2022 %
Profit and Loss H1-2023 Revenues
Net Revenues 711,666 443,371 60.5% by Segment
Gross profit 284,451 136,361 108.6%
EBITDA 174,772 63,007 177.4%
EBITDA margin (%) 24.6% 14.2% 72.8%
Net profit 354,285 74,847 373.3%
Net profit margin (%) 49.8% 16.9% 194.9%
Total net profit (loss) attributable to :
- Owners of the company 344,551 88,116 291.0%
- Non-controlling interests 9,734 (13,269) 173.4%
Total comprehensive income 343,237 65,919 420.7%
Total comprehensive income (loss) attributable to :
- Owners of the company 333,503 79,188 321.2%
- Non-controlling interests 9,734 (13,269) 173.4%
Earnings per share (in full Rupiah) 3.88 1.08 259.3%
in million Rupiah H1-2023 FY-2022 %
Balance Sheet
Total assets 32,565,271 31,955,761 1.9%
Total liabilities 6,734,374 6,468,100 4.1%
Total equity 25,830,897 25,487,661 1.3%
PT MNC Land Tbk Page | 1
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Business Updates
Park Hyatt Jakata
In 2022, the Company introduced Park Hyatt Jakarta, bringing the best experience with a variety of
luxurious accommodations, dining, and entertainment options in the heart of the Capital City. In
response to high demand for Meetings, Incentives, Conferences, and Exhibitions (MICE) venues,
Park Hyatt Jakarta presents the Royal Glasshouse as its latest addition in 2023. The Royal
Glasshouse is a unique and grand MICE venue with a spacious area of 1,650 m2, capable of
accommodating 1,400 people and surrounded by a beautiful park with modern and elegant
architecture.
MNC Lido City Special Economic Zone (SEZ)
MNC Lido City SEZ is a flagship project of the Company that was inaugurated by President Joko
Widodo in late March 2023. MNC Lido City SEZ covers an area of 1,040 Ha out of 3,000 Ha total
area in Lido, Jabodetabek. Various attractive facilities are currently being developed at MNC Lido
City SEZ, including:
World Championship standard 18-Hole Golf Course, Golf Club and Private Clubhouses
The 18-Hole World Championship standard golf course, spanning 83 Ha, designed by Ernie Els, will
be equipped by a luxurious clubhouse designed by Oppenheim Architecture, private clubhouses,
as well as various entertainment and F&B facilities. The 18-Hole World Championship standard golf
course is set to be open for public by the end of 2023.
PT MNC Land Tbk Page | 2
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Lido Music & Arts Center
Lido Music & Arts Center (LMAC) is Indonesia’s first world-class outdoor venue designed for hosting
national and international music and arts festivals. Developed on 5 Ha of land with a panoramic
views of Mount Salak, Gede, and Pangrango, this venue is able to contain up to 50,000 visitors with
4 different stages to accommodate multiple events simultaneously.
The Company in collaboration with MNC Media &
Entertainment will organize a music festival entitled
"LMAC MUSICFORALL FEST" on 8-9 September 2023.
This inaugural concert also marks the official opening
of Lido Music & Arts Center and will be a major music
festival, featuring various renowned musicians,
including 4 international musicians from Korea:
Taeyang, The Rose, Apink, and Secret Number,
together with famous Indonesia musicians: Rizky
Febian, Mahalini Raharja, Fourtwnty Music, DJ Dipha
Barus, Gigi Band, Maliq & D'Essentials, and Weird
Genius.
Movieland
The Company collaborates with PT MNC Digital Entertainment Tbk (MSIN) built a 21 Ha Movieland
as the largest and most integrated outdoor and indoor studio complex in Indonesia. Movieland
caters all stages of the production process, from pre-production to production and post-
production, following international standards. Movieland has already become the shooting
location for several top-rated drama series produced by MNC Group, including: Cinta Alesha, Takut
Nggak Sih, Kembalinya Raden Kian Santang, Rahasia dan Cinta, Kesetiaan Janji Cinta.
Lido Skyview Resort
The additional 124 rooms in the Lido Lake Resort area, which are planned to be completed by
2024. Lido Lake Resort & Lido Skyview Resort will be supported by a range of modern facilities,
including a fitness center, spa, kids club, business center, and integrated with Lido Adventure Park,
which is set to be the largest outbound area in Southeast Asia and surrounded by refreshing air
and lush green scenery.
PT MNC Land Tbk Page | 3
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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 | 4
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