20240624_MNCN_Laporan Informasi dan Fakta Material_31674438_lamp1.pdf

    Ikhtisar Kinerja Keuangan MNCN (FY-2023 dan Q1-2024)
   MNCN melaporkan pendapatan FY-2023 sebesar Rp7.783 miliar, turun 14% YoY. Penurunan ini disebabkan
    oleh berbagai faktor, seperti kondisi makro di Indonesia dan penerapan Analog Switch Off (ASO) yang telah
    selesai pada bulan Agustus 2023, yang merupakan aspek penting dalam penurunan belanja iklan pada tahun
    tersebut. Namun, Perseroan menunjukkan kemajuan besar dengan mencatatkan peningkatan pendapatan
    sebesar 34% QoQ dari Rp1,735 miliar pada Q4-2023 menjadi Rp2,328 miliar pada Q1-2024.
   Terdapat sedikit peningkatan pada beban langsung dan pertumbuhan negatif pada pendapatan Perseroan,
    sehingga EBITDA dan laba bersih keduanya mengalami penurunan masing-masing sebesar 38% YoY pada
    tahun 2023 menjadi Rp2,326 miliar dan 51% YoY menjadi Rp1,092 miliar. Secara QoQ, EBITDA Perseroan
    melonjak sebesar 119% menjadi Rp942 miliar pada Q1-2024 dari Rp429 miliar pada Q4-2023, sementara laba
    bersih mengalami peningkatan signifikan sebesar 325% menjadi Rp576 miliar pada Q1-2024 dari Rp135 miliar
    pada Q4- 2023.

          Pendapatan                               EBITDA                                Laba Bersih
      (dalam Miliar Rupiah)                  (dalam Miliar Rupiah)                  (dalam Miliar Rupiah)




For further information, please contact:
Investor Relations:                                                           PT MEDIA NUSANTARA CITRA Tbk
   Luthan Fadel Putra                                                                    MNC Tower, 29th floor
   luthan.putra@mncgroup.com                                                         Jl. Kebon Sirih Kav 17 - 19
                                                                                                 Jakarta 10340
                                                                                         Phone: 62-21 3913338
                                                                                           Fax : 62-21 3910454




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PT MEDIA NUSANTARA CITRA Tbk
(IDX: “MNCN”)
Jakarta, Indonesia - 24 June 2024


  ANNUAL GENERAL MEETING OF SHAREHOLDERS (“AGMS”) RESULTS OF
                PT MEDIA NUSANTARA CITRA TBK

PT Media Nusantara Citra Tbk (IDX: "MNCN" or "the Company") has revealed the outcome of its Annual General
Meeting of Shareholders (AGMS) conducted on June 24, 2024. The AGMS has authorized the Company's 2023
Annual Report and validated its Financial Statements for the period concluding on December 31, 2023.
The AGMS also made the decision to allocate the Company's net income towards retained earnings, thereby
facilitating MNCN's comprehensive strategic blueprint aimed at fortifying its capital framework and fostering
robust business expansion, with a particular emphasis on its existing digital products.
Additionally, The AGMS approved the appointment of Cahyarina Agustina Asri as Director of the Company.
Following the closing of the meeting, MNCN’s Board of Commissioners and Directors consist of the following
members:

                                            Board of Commissioners
         NO                     POSITION                                      NAME

          1              President Commissioner                       Hary Tanoesoedibjo
                      Vice President Commissioner/
          2                                                          Muhammad Zainul Majdi
                       Independent Commissioner
          3                  Commissioner                                Syafril Nasution

          4            Independent Commissioner                       Joel Richard Hogarth

                                                     Directors
         NO                     POSITION                                      NAME

          1                 President Director                              Noersing
          2              Vice President Director                     Kanti Mirdiati Imansyah
          3                      Director                        Valencia Herliani Tanoesoedibjo
          4                      Director                                Ruby Panjaitan
          5                      Director                              Tantan Sumartana
          6                      Director                               Dini Aryanti Putri
          7                      Director                            Cahyarina Agustina Asri


The last agenda on the AGMS approved the authority of the Company’s Directors, with the approval of Board of
Commissioners, to appoint an Independent Public Company Accountant to audit the Company’s books for the
fiscal year ended on 31 December 2024 and to give full authority and power to the Directors of the Company to
determine the honorarium and other requirements in connection with the appointment of the Independent
Public Accountant.




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    MNCN Financial Performance Highlights (FY-2023 and Q1-2024)
   MNCN reported its FY-2023 revenue of Rp7,783 billion, down by 14% YoY. The decrease was attributed by
    multiple factors, such as the nation’s macro conditions and Analog Switch Off (ASO) complete
    implementation in August 2023, which was a huge aspect in a soften advertising expenditure for the year.
    However, the Company showed great improvement by delivering 34% revenue increase QoQ from Rp1,735
    billion in Q4-2023 to Rp2,328 billion in Q1-2024.
   Due to the slight increase on direct cost and negative growth on the Company’s top line, EBITDA and net
    income have both seen a decrease by 38% YoY in 2023 to Rp2,326 billion and 51% YoY to Rp1,092 billion,
    respectively. On a quarterly basis, the Company's EBITDA surged by 119% to Rp942 billion in Q1-2024 from
    Rp429 billion in Q4-2023, while net income saw a substantial increase of 325% to Rp576 billion in Q1-2024
    from Rp135 billion in Q4-2023.


             Revenue                                EBITDA                               Net Income
        (in Billion Rupiah)                   (in Billion Rupiah)                     (in Billion Rupiah)




For further information, please contact:
Investor Relations:                                                           PT MEDIA NUSANTARA CITRA Tbk
   Luthan Fadel Putra                                                                    MNC Tower, 29th floor
   luthan.putra@mncgroup.com                                                         Jl. Kebon Sirih Kav 17 - 19
                                                                                                 Jakarta 10340
                                                                                         Phone: 62-21 3913338
                                                                                           Fax : 62-21 3910454




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Disclaimer
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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 presentation. 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
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in relation thereto. Any investment in any securities issued by the company or its affiliates should be made solely on the basis of the final
offer document issued in respect of such securities.




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