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20241105_FILM_Laporan Informasi dan Fakta Material_31753877_lamp2.pdf
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PT. MD Entertainment Tbk (“FILM”)
Press release 3Q24 results |
October 2024
Financial highlights
Profit & loss (IDR bn) 9M23 9M24 YoY (%) 3Q23 3Q24 YoY (%)
Revenue 293.6 348.1 18.6 88.3 130.7 48.0
Gross profit 191.1 228.7 19.7 49.3 85.4 73.2
EBITDA 228.9 268.3 17.2 77.9 82.5 6.0
EBIT 119.5 145.1 21.5 36.1 37.5 4.0
Pretax profit 111.6 129.6 16.2 32.7 32.8 0.8
Net profit 85.2 102.9 20.8 24.4 25.8 5.9
Gross margin (%) 65.1 65.7 55.8 65.3
EBITDA margin (%) 78.0 77.1 88.2 63.1
EBIT magrin (%) 40.7 41.7 40.9 28.7
Pretax margin (%) 38.0 37.2 37.0 25.2
Net margin (%) 29.1 29.6 27.6 19.8
Balance sheet (IDR bn) Sep-23 Sep-24 YoY (%) Sep-23 Sep-24 YoY (%)
Cash and equivalents 470.6 372.8 (20.8) 470.6 372.8 (20.8)
Accounts receivable 84.5 40.2 (52.4) 84.5 40.2 (52.4)
Film assets 301.3 327.8 8.8 301.3 327.8 8.8
Other assets 851.2 844.4 (0.8) 851.2 844.4 (0.8)
Total assets 1,707.6 1,585.3 (7.2) 1,707.6 1,585.3 (7.2)
Interest bearing
liabilities 0.0 0.0 0.0 0.0 0.0 0.0
Accounts payable 20.4 9.9 (51.6) 20.4 9.9 (51.6)
Other liabilities 68.0 81.3 19.5 68.0 81.3 19.5
Total liabilities 88.5 91.2 3.1 88.5 91.2 3.1
Total shareholders
1,619.1 1,494.1 (7.7) 1,619.1 1,494.1 (7.7)
equity
Sources: Company financial statements
Jakarta, November 05, 2024 - PT MD Entertainment Tbk (FILM)
booked 9M24 net profit of IDR102.9bn, a 20.8% increase
year-on-year on the back of two blockbusters movie named
Ipar Adalah Maut and Badarawuhi Di Desa Penari 2
That said, we remain optimistic for positive end-year
results with revenues coming from the latest and upcoming
blockbuster movies like Putri Bintang Lima, Perewangan,
Petak Umpet, and Sorop, which will have just been released
and some upcoming soon.
With management’s oversight of production costs without
sacrificing film quality, FILM has continued to have strong
operating cash flows. It is worth noting that we had
managed to grow our 9M24 EBIT by 21.5% year-on-year to
reach IDR145.1bn. This led to a healthy balance sheet with
a net cash position of IDR372.8bn at the end of September
2024 (after paying 2023 dividends worth IDR237.8bn or DPS
of IDR25 on August 1, 2024).
Leading the industry 1
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PT. MD Entertainment Tbk (“FILM”)
Press release 3Q24 results |
October 2024
Achieving new heights in the Media and Entertainment
Industry
FILM strengthens its leadership in the media and
entertainment industry by creating a complete ecosystem,
from content production to distribution. Through its
ongoing acquisition of NETV, FILM now has a dedicated
Free-To-Air (FTA) distribution channel, aligning with
the viewing habits of many local audiences who still
rely on FTA. This acquisition enables FILM’s content to
reach an even broader audience across the region,
further enhancing its market reach and influence.
Our strategy to continuously monetize
our IPs
IP
New
libra
IP
ry
Monetiz
e
Production house
Sequel, prequel, spin-
off, remake and reboot,
re-aired
Conventional TV Cinema
FILM Distributing high
Distribute
existing hit soap ecosystem quality content
opera to increase Multiple to theater
audiences share distributio
n channel
options OTT platform
Digital TV Up-front
Distribute hit contract,
contents to licensing scheme
attract ads with bundling
strategy
Sources: Company
An overview of what the ecosystem would look like and
how the contents are being monetized.
Leading the industry 2
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PT. MD Entertainment Tbk (“FILM”)
Press release 3Q24 results |
October 2024
The acquisition has been closed already on October 28, 2024
Upon the completion of the process FILM would own 80.05%
stake in NETV making them the majority and controlling
shareholder of NETV.
NETV shareholders
Prior to
acquisition Post to acquisition
Shareholders bn shares Portion bn shares Portion
MD Entertainment 0.00 0.00% 33.11 80.05%
Newton Capital Ltd 0.00 0.00% 4.41 10.67%
Below 5.00% 23.45 100.00% 3.84 9.28%
- Public 2.85 12.16% 1.43 3.45%
- Sinergi Lintas Media 13.97 59.58% 1.08 2.62%
- Semangat Bambu
Runcing 2.05 8.72% 1.02 2.47%
- Indika Inti Holdiko 1.80 7.69% 0.23 0.57%
- Teladan Investama 2.78 11.84% 0.07 0.17%
Total 23.45 100.00% 41.36 100.00%
MD Entertainment, going forward
It is expanding its reach. With the upcoming potential
acquisition, FILM is poised to develop a complete ecosystem
within the entertainment sector, spanning everything from
content production to distribution.
Broaden its revenue stream. Acquiring a TV station allows
FILM to expand its nationwide reach and further monetize
its IPs through FTA by selling its content.
OTT platform already included. On the other hand, FILM has
OTT platforms in distributing their contents to Disney+
Hotstar, Viu, WeTV, Netflix, and more. FILM’s latest
blockbuster mega-hits movie, Ipar Adalah Maut, is airing on
Netflix in early November.
Post-acquisition effect
The acquisition is funded by the company's internal cash,
bank loan, and funds raised by FILM’s Non-Pre-emptive
Rights (NPR) issuance. After the acquisition, the company
will maintain a strong cash position for future growth of
the company using funds raised by FILM's Non-Pre-emptive
Rights(NPR) issuance outside its bank loan for acquisition.
Leading the industry 3
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PT. MD Entertainment Tbk (“FILM”)
Press release 3Q24 results |
October 2024
Manoj Punjabi, CEO of MD Entertainment, stated, "In
2024, I am increasingly optimistic about the launch of
our new business entity in television, including the
acquisition of NET TV, which further expands our market
reach in broadcasting. We believe that through
innovation, business expansion, and these strategic
steps, MD Entertainment’s position will be stronger and
more prominent while supporting increased content sales
across television distribution channels."
Latest and upcoming movies
Putri Bintang Lima Perewangan
Drama Movie Horror Movie
October 17, 2024 October 24, 2024
Petak Umpet Sorop
Horror Movie Horror Movie
November 21, 2024 December 19, 2024
Leading the industry 4
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PT. MD Entertainment Tbk (“FILM”)
Press release 3Q24 results |
October 2024
FTA audience market share breakdown
Sources: Nielsen data
Driving a significant boost in market share, NETV
currently holds only around 1.5% due to limited
content and an undefined market segment. With
FILM’s acquisition and access to its extensive IP
library, including blockbuster hits, NETV's market
share is projected to improve by being a part of
the MD Entertainment ecosystem and available
resources.
With FILM’s popular content, strong production
values, and expanded distribution reach, NETV is
poised to capture a broader and more engaged
audience. This strategic integration is expected to
drive rapid growth and improve the market share,
making FILM's high-quality, locally celebrated
programming accessible to millions nationwide.
This alignment with local tastes and viewing
preferences will strengthen NETV’s foothold in the
industry, transforming it into a key player in
Indonesian broadcasting.
Leading the industry 5
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