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20241101_KPIG_Laporan Informasi dan Fakta Material_31751848_lamp2.pdf
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MNC Land's Net Profit Reaches Rp642.6 Billion by the End of September 2024 Jakarta, November 1, 2024 PT MNC Land (IDX: KPIG) or the Company announced its financial statements for the nine-month period that ended on September 30, 2024. The Company recorded a net revenue of Rp1.3 trillion in 9M-2024, an increase of 19.9x year-on-year (yoy) compared to Rp10 trilion in the same period last year. MNC Land's revenue was primarily driven by the hotel and resort segment, which contributed 54.94 of the total revenue, followed by property management and other services at 33.54: office space rental at 9.34: and the apartment and other properties segment at 2.31. The hotel and resort segment, as KPIG's largest revenue generator, posted a 17.81 yoy jump, from Rp584.5 billion in 9M- 2023 to Rp688.7 billion as of September 2024. KPIG successfully recorded a net profit of Rp642.5 billion in 9M-2024, skyrocketing by 108.1x yoy compared to the net profit for the 9M-2023 period of Rp3087 billion. KPIG's net profit margin soared impressively to 512x in 9M-2024, up significantly from 29.54 in 9M-2023. Compared to the end of 2023, the Company's financial position remained stable as of September 30, 2024. Total assets increased to Rp34.9 trillion, up from Rp33.5 trilion as of December 31, 2023. Total liabilities rose to Rp6.9 trillion at the end of September 2024. Meanwhile, total eguity recorded was Rp28.0 trilllon as of September 30, 2024. 9M-2024 FINANCIAL HIGHLIGHTS Profit and Loss Net Revenues 1,255,362 Gross Profit 440,235 Net Profit 642,552 Net Profit Margin 5121 Total net profit attributable to Owners of the company 552,829 Non-controlling interests 89,723 Total comprehensive income 795153 Total comprehensive income attributable to : Owners of the company 705,430 Non-controlling interests 89,723 Earnings per share fin full Rupiah) 5.67 1046,629 19.9x 396,801 10.94 308,728 108.14 295x 7354 287,772 921 20,956 328.11 292261 17211 271305 160,01 20,956 328.11 324 75.01 in million Rupiah | om-2024 M rv-2023 Financial Position Total assets 34,887,663 Total liabilities 6,915,340 Total eguity 27,972,323 9M-2024 REVENUES BY SEGMENT Hotel and resort 33,475,139 4.21, 6,721,228 291 26,753,911 461 m Property management and other services m Office space rental Apartment and other properties PT MNC Land Tbk yA
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MNC LAND BUSINESS UPDATE PT MNC Land Tbk remains dedicated to developing the MNC Lido City Special Economic Zone (SEZ), a 1,040 ha Tourism SEZ out of the Company's total 3,000 ha land in Lido, West Java. This is the closest Tourism SEZ from Jakarta and is directly accessible via the Bocimi Toll Road in just one-hour drive (approximately 60 km from Jakarta). A series of world-class projects in the MNC Lido City SEZ have shown positive progress towards the end of 2024. These projects include the Trump International Golf Club Lido: Private Clubhouses (PCH): Clubhouse & Country Club: and the Hyatt Regency. The Company is also accelerating the construction of Movieland, owned by PT MNC Digital Entertainment Tbk (MSIN), with construction progress exceeding 70x as of September 2024. Various facilities within Movieland have already been used as shooting locations for MNC Media & Entertainment productions, including the drama series Cinta Berakhir Bahagia, Cinta Alesha, Jangan Bercerai Bunda, Takut Nggak Sih, Kesetiaan Janji Cinta, Mahligai Untuk Cinta, along with dozens of FTV titles. » Trump International Golf Club Lido is an 18-Hole World Championship standard golf course designed by Ernie Els, situated 600 meters above sea level, offering a refreshing breeze with temperatures ranging from 22-25”C year-round. Since October 2024, members of the Trump International Golf Club Lido have been able to enjoy a world-class golfing experience on this prestigious course. Membership at Trump International Golf Club Lido is also honored at all Trump International Golf Club locations worldwide, totaling 28 courses to date. A variety of facilities are available around the Trump International Golf Club Lido area, including the Lifestyle Country Club and PCH which offer direct views of the golf course fairways and the grandeur of three iconic mountains in West Java: Mt. Gede, Mt. Pangrango, and Mt. Salak. The Lido Golf Club will also be eguipped with various entertainment options, restaurants, and other facilities to pamper visitors. As of October 2024, KPIG has completed the construction of several PCH units, one of which is the MNC Land Hotel PCH. Furthermore, the Company is finalizing the construction of the 3 ha Clubhouse & Country Club designed by Oppenheim Architecture, with construction progress reaching 50x. PT MNC Land Tok 7.8
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MNC LAND Meanmhile, in the second guarter of 2025, KPIG plans to hold the grand opening of the Hyatt Regency, formerly known as Lido Skyview Resort. This five-star hotel with 124 rooms will be integrated with Lido Lake Resort and Lido Adventure Park. The Company is seizing promising opportunities from partnerships with international brands to strengthen its marketing and competitiveness. The success of the Park Hyatt Hotel is proof of the positive achievements of the Company's collaboration with Hyatt Hotels & Resorts, as evidenced by the revenue from the MICE and FgB businesses exceeding 62x. On August 4, 2024, KPIG collaborated with MNC Media & Entertainment to hold a world-class music festival, "MAC Super Hitz Fest 2024”, at the Lido Music & Arts Center (LMAC). This outdoor music festival, featuring a number of Indonesia's top musicians, successfully attracted 43,560 attendees who enjoyed nostalgic music together, surrounded by beautiful natural scenery and a cool atmosphere. For further information, please contact: Samuel Hartono Tanoesoedibjo Gladys Levina PT MNC Land Tbk MNC Tower 17/F, MNC Center Jl. Kebon Sirih No. 17-19, Menteng Central Jakarta 10340, Indonesia Phone: 462 21 3927471 Fax: 462 21 3921227 PT MNC Land Tbk Page | 3
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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.
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