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Page 1 OCR 0.884
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
Page 2 OCR 0.939
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

Page 3 OCR 0.929
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
Page 4 OCR 0.946
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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Names mentioned 3 people and organisations named in the text · linked when the evidence is strong

linked org MNC Land Tbk p.1 ×17
linked org MNC Digital Entertainment Tbk p.2 ×2
unresolved org PT MNC Land Tok p.2

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