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PT MD PICTURES TBK PUBLIC EXPOSE CORPORATE PRESENTATION 2024 JUNE / PERFORMANCE YTD 2023 & 1Q 2024
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SECTION I EXECUTIVE SUMMARY
2
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GROWTH JOURNEY & MILESTONES
>>> Started as a local motion picture studio and became the leading motion picture production and distribution house
、 Listing of PT MD
Pictures Tbk on the Highest box First IMAX
Establishment of PT Rebranded PT Indonesia Stock office of all time produce movie
Produced Habibie & Exchange (the “IDX”)
MD Entertainment MD Media to
Ainun, which garnered at IDR210 per share,
and PT MD Media PT MD Pictures
4.6million viewers and marking the first
as part of its
subsequently spawned company in the
integration
numerous sequels motion picture
strategy to
become a one- industry to IPO on the
stop IDX
entertainment
company
2002 2004 2007 2008 2012 2018 2021 2022 2023 2024
Highest box
• Tencent as a office 2023
MD Produced Ayat- minority Global distribution
Entertainment Ayat Cinta, which Established PT shareholder arrangement with
pioneered the successfully MD Animation • PT MD Global Lionsgate for
concept of brought in 3.7 Investments as “Badarawuhi Di Desa
daily shows million viewers Restructured MD Group holding Penari”
and established PT MD through
Global Media as holding ownership of
company for all companies 50.50% shares
engaged in entertainment
activities
、 3
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OVERVIEW OF PT MD PICTURES (“FILM”)
>>>The largest content production house in Indonesia with successful track record Consistent
Margin
Library of multiple successful content and counting every year Robust , consistent and resilience financial performance
>200movies released including KKN FY 2022
1 di Desa Penari, Indonesia’s
top grossing movies of all time Rp 436 M
Revenue 2022
20original series including
2
Layangan Putus, Antares, Kupu- Rp 307 M ( 70%)
Kupu Malam and many more Gross Profit 2022
3 28direct-to-OTT movies on
global platforms Rp 156 M ( 36%)
Net Profit 2022
10 Upcoming under
4 production/post cinema movies/ Free Cash Rp 405 M
OTT movies / series
FY 2023
Nationwide partnership with the
largest cinema operators in Rp 370 M
Indonesia with >93 mntickets Revenue 2023
sold & counting
FILM has released content on Rp 230 M (62%)
digital platforms including Gross Profit 2023
Cinema movies , movies
Direct to OTT & original series Rp 95 M (26%)
Net Profit 2023
FILM licensing its content with
majorplatforms Free Cash Rp 518 M
Deep relationship with contents distribution platforms Significant opportunities and multiple levers for resilient growth
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SECTION II COMPANIES WEALTH & CONSISTENT SUCCESS
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FILM’s wealth of valuable assets – Movies (1/3)
>> Blockbusters and over 93 million tickets sold & still counting
Sewo Dino Kisha Tanah Jawa KKN Ivanna Kukira Kau Rumah Makmum 2
# 1 in 2023 # 11 in 2023 # 1 in 2022 # 5 in 2022 # 8 in 2022 # 1 in 2021
~4.9 million viewers ~1.7 million viewers ~10 million viewers ~2.8 million viewers ~2.2 million viewers ~1.7 million viewers
surga yang tak
Danur 3 Habibie & Ainun 3 Danur 2 Asih Ayat Ayat Cinta 2 Danur dirindukan 2
# 4 in 2019 # 5 in 2019 # 3 in 2018 # 5 in 2018 # 3 in 2017 # 4 in 2017 # 7 in 2017
~2.4 million viewers ~2.2 million viewers ~2.6 million viewers ~2.8 million viewers ~2.7 million viewers ~1.6 million viewers ~2 million viewers
CONTINOUSLY 3 YEARS AT THE TOP OF THE BOX OFFICE INDONESIA : 2023 (Sewo Dino)/ 2022 (KKN) / 2021 ( Makmum 2)
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FILM’s wealth of valuable assets – Series & DOTT (2/3)
>> New Original OTT Series/movies for the Online Revolution ….. OTT original from MD in 2023
2023
Platform: Disney+Hotstar Platform: Disney+Hotstar Platform: WeTv Platform: WeTv Platform: Amazon Prime Platform: Amazon Prime
2021
Platform: WeTv Platform: Amazon Prime Platform: Amazon Prime Platform: Amazon Prime Platform: Maxtream Platform: Amazon Prime
List of some of the digital series/movies+ directly released for multiple platforms in 2023 & still counting
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AWARDS AND ACHIEVEMENTS - (3/3)
>> More than 25 awards won since 2008 and multiple nominations
2023
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SECTION III SUMMARY OF FINANCIAL PERFORMANCE & TAKEAWAY
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REVENUE SUMMARY
REVENUE AND NET PROFIT (LOSS) REVENUE COMPOSITION
*Rp Billion
436,9
2022 (Rp 437 Billion)
369,5 Rental Others
10% FTA 0%
3% Digital
255,0
156,1 17%
122,4 95,3 Cinema
54,2 61,2 70%
30,1
4,5 1,6
FY-2020(58,8) FY-2021 FY-2022 FY-2023 Q1-2024 Q1-2023
Revenue Net Profit (Loss)
2023 (Rp 370 Billion)
Rental Others
EBITDA 237,9 8% 3%
FTA
*Rp Billion
1%
Digital
144,3 48%
Cinema
79,8 40%
6,2 11,4
FY-2020 FY-2021 FY-2022 FY-2023 Q1-2024 Q1-2023
(24,6)
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KEY FINANCIAL INDICATORS FY 2023
Healthy
and light
B/S
Free cash position increased from Rp 405 M in FY2022 to Rp 518 M in FY2023
>>Added Rp 113 M in the free cash position
High Gross Profit margin has been maintained from 70% in 2022 to 62% in FY 2023
>> High gross profit margin maintained
Current Assets to Current Liabilities ratio improve from 7.4x in 2022 to 9.9x in FY 2023
>> Current ratio improves by > 34%
Position as on 31st Dec 2020 2021 2022 2023 2024(1Q)
Free Cash Position
Current Assets 191 184 504 629 611
600 527
Non Current Assets 1,163 1,126 1,111 1,084 1,122 518
500
Total Assets 1,354 1,310 1,615 1,713 1,733 405
400
Current Liabilities 18 42 68 63 79
300
Non Current Liabilities 4 10 9 20 20
200 121
Equity 1,332 1,258 1,539 1,629 1,634 100
83
Total Equity & Liabilities 1,354 1,310 1,615 1,713 1,733 -
2020 2021 2022 2023 2024(1Q)
*In Rp Billion
Note: During 2021, payout Dividend of ~Rp 104M
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FINANCIAL HIGHLIGHTS Ringkasan Keuangan Financial Highlight Laporan Laba Rugi Statement of Income (dalam jutaan Rupiah, FY-2020 FY-2021 FY-2022 FY-2023 Q1-2024 Q1-2023 (in millions of Rupiah, kecuali dinyatakan lain) unless otherwise stated) Penjualan bersih 122.366 255.041 436.858 369.545 54.224 61.158 Net sales Laba kotor 19.536 144.278 306.974 230.070 28.937 34.109 Gross profit Laba usaha (59.696) 67.714 192.983 111.810 (3.925) 5.386 Income from operations Laba (rugi) sebelum Income (loss) before taksiran pajak penghasilan (55.331) 50.451 204.282 125.083 5.071 2.926 provision for income tax Laba (rugi) bersih (58.797) 30.136 156.106 95.278 4.453 1.641 Net profit (loss) Jumlah saham yang beredar 9.453 9.364 9.438 9.511 9.511 9.511 Number of shares Laba (rugi) bersih per saham (Rp)* (6,03) 3,60 16,89 10,16 0,48 0,30 Net income (loss) per share (Rp)* Dividen tunai (Rp/lb)* - 11 - - - - Cash dividend (Rp/sh)* Neraca Balance Sheet (dalam jutaan Rupiah, FY-2020 FY-2021 FY-2022 FY-2023 Q1-2024 Q1-2023 (in millions of Rupiah, kecuali dinyatakan lain) unless otherwise stated) Jumlah aktiva 1.353.530 1.309.715 1.615.412 1.712.903 1.732.659 1.614.397 Total assets Jumlah aktiva lancar 190.722 184.001 504.135 628.608 610.977 496.588 Total current assets Jumlah kewajiban lancar 18.047 41.892 68.036 63.338 79.320 64.071 Total current liabilities Hutang jangka panjang 3.950 9.604 8.568 20.320 19.640 9.876 Long-term debt Hak minoritas atas aktiva bersih Minority Interest in consolidated anak perusahaan 9.157 5.622 1.739 (226) (367) 493 subsidiaries Ekuitas - bersih 1.322.377 1.252.597 1.537.070 1.629.471 1.634.066 1.539.957 Stockholders’ equity - net *Nilai penuh *Full amount
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SECTION IV MARKET AND INDUSTRY UPDATES
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Industry market Overviews – Indonesia (1/2)
Company Profile Growth Story
Indonesia’s cinema revenue
performed at solid growth rate of
15.5%CAGR historically. While
due to pandemic, cinema was
forced to stop its operation in
2020-2021.
However, global and Indonesia
cinema business is projected to
have a strong growth following
the end-of-pandemic and global
cinema and film trend.
Although internet is disrupting
the market, TV is still expected
to dominate theadvertisement
market due to high TV
penetration and media
consumption in Indonesia
Going forward, TV still will be
the main advertisingchannel
as it can reach more
audiences at the same time.
The OTT market is projected to
growth by CAGR of 19.6%
until 2027, with AVOD as the
highest contributor
The OTT market is here to stay
and will grow further along the
way, supported by the past
pandemic outbreak and rising
smartphone usage and internet
connectivity.
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LOCAL TASTE – Indonesia (2/2)
Preference for local films Increasing production of Indonesian films with >1mn views
▪ In Indonesia 2022, a total of ~87 movies released during 2022 with ▪ Only 1 local film recorded sale of more than a million tickets in 2010
total viewer more than 56mn and MD contributed more than
15.6mn viewers with more than 27% market share ▪ 10 local films recorded over one million ticket sales in 2016
▪ In Indonesia 2023, a total of ~108 movies released during 2023 ▪ 15 local films recorded over one million ticket sales in 2019 (pre-covid)
with total viewer more than 55mn and MD contributed more than ▪ 20 local films recorded over one million ticket sales in 2023
8.8 mn viewers with more than 16% market share
160 147
130
124
114 117
120 109 108
97
82 84 86 87
80
35 36
40
15 20
10 11 14 14
1 0 3 2 2 3 3 1
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Total No. of Local Films Produced No. of Indonesian Films with >1mn viewers
Source: Company ; filmindonesia
STRICTLY CONFIDENTIAL 15
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SECTION V KEY MANAGEMENT
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KEY MANAGEMENT – (1/2)
>> Seasoned management team with renowned fame in motion picture industry & track record of producing successful content
Shania Punjabi 2023 Manoj Punjabi
President Commissioner President Director
▪ Director since March 2018, oversees the ▪ President Director since 2002
Legal, IT, Marketing, HR and Corporate
division ▪ Founder of the Company
▪ Previously Senior Consultant at AT Kearney ▪ Responsible for managing the Company’s overall
Management Consultants Jakarta operations and coordinating all Directors of the
Company
▪ more than 21 years of experience in the entertainment industry, history has been
impressively written by the MD Group from well-known TV shows to films that
Sanjeva Advani have reached the top of the Indonesian film box office such as Ayat-Ayat Cinta
Commissioner (2008), Habibie dan Ainun (2012), and Rudy Habibie (2016), Danur (2017),KKN di
Desa Penari (2022) and Sewu Dino (2023).
▪ Commissioner since April 2018
▪ Head of Distribution Division at PPFI (Indonesian Film Producers Association)
▪ Previously worked in HSBC in Corporate
(2009-present)
Investment Banking
▪ President Director of various MD Group companies, including MD Entertainment,
MD Global Investment etc
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KEY MANAGEMENT – (2/2)
>> Seasoned management team with successful track record in respective domain
2023
Priyadarshi Anand
Director
▪ Director since Aug 2021
▪ Previously worked at MD Entertainment since Nov 2020
▪ Earlier worked for companies like Cargill, Tereos, MetLife and Bertelsmann group.
▪ More than 18 years of experience in finance & commercials.
Sajan Mulani
Director
▪ Director since March 2018
▪ President Commissioner at PT Jakarta Film Studio and Director at PT Barakuda Film Galeri Indonesia
▪ Served more than 20 years with MD Group
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THE END Q&A
THANK YOU
STRICTLY CONFIDENTIAL 19
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