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20240624_MSIN_Laporan Informasi dan Fakta Material_31674441_lamp1.pdf
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PT MNC DIGITAL ENTERTAINMENT TBK
(IDX: “MSIN”)
Jakarta, Indonesia - 24 June 2024
ANNUAL GENERAL MEETING OF SHAREHOLDERS (“AGMS”) RESULTS OF
PT MNC DIGITAL ENTERTAINMENT TBK
PT MNC Digital Entertainment Tbk (“MSIN” or “the Company”) held its Annual General Meeting of Shareholders
(AGMS) on the 24th of June 2024. The AGMS has accepted the Company’s annual report and approved its
financial statements for the fiscal year ended on 31 December 2023.
The AGMS also decided that the Company’s net income will be recorded as retained earnings to further enhance
MSIN’s technology development, focusing on improving the Company's digital products (OTT super-app and
online portal), content production, fulfill loan obligations, and strengthen its capital structure.
The AGMS approved the appointment of Mr Helmi as Director of the Company. For that, MSIN’s Board of
Commissioners and Directors consist of the following members:
Board of Commissioners
NO POSITION NAME
1 President Commisionner Liliana Tanaja Tanoesoedibjo
2 Commissionner Dini Aryanti Putri
3 Independent Commissioner Andry Wisnu Triyudanto
Board of Directors
NO POSITION NAME
1 President Director Noersing
2 Vice President Director Kanti Mirdiati Imansyah
3 Director Valencia Herliani Tanoesoedibjo
4 Director Titan Hermawan
5 Director Dewi Tembaga
6 Director Lina Priscilla Tanaya
7 Director Tantan Sumartana
7 Director Helmi
The AGMS grant authority to the Company's 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.
On the last agenda, the AGMS reaffirm the Company’s plan to carry out non-preemptive share issuance program
for a maximum of 1,144,440,000 shares, which was already been approved in the Company’s Extraordinary
General Meeting of Shareholders in November 2022.
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MSIN Financial Performance Highlights (FY-2023 and Q1-2024)
MSIN, a subsidiary of PT Media Nusantara Citra Tbk (IDX: "MNCN"), reported revenue of Rp2,953 billion for
FY-2023, marking a 16% YoY decrease from Rp3,518 billion in 2022. In Q1-2024, revenue reached Rp761
billion, showing a 29% QoQ increase from Rp588 billion in Q4-2023.
In 2023, due to some efficiency in direct cost and general & administrative expense, EBITDA and net income
margin are kept at a stable level of 21% and 9%, respectively. However, as a result of the Company’s
pressured revenue, EBITDA has decreased by 16% YoY to Rp622 billion and net income by 22% YoY to Rp265
billion. However, the Company’s showed resiliency in Q1-2024, as EBITDA reached Rp208 billion with an
EBITDA margin of 27% and net income went up YoY to Rp117 billion from Rp109 billion in Q1-2023. Both
EBITDA and net income have seen a significant improvement on a quarterly basis from Q4-2023.
Revenue EBITDA Net Income
(in Billion Rupiah) (in Billion Rupiah) (in Billion Rupiah)
For further information, please contact: PT MNC DIGITAL ENTERTAINMENT TBK
Investor Relations: MNC Tower, 29th floor
Luthan Fadel Putra Jl. Kebon Sirih Kav 17 - 19
luthan.putra@mncgroup.com Jakarta 10340
Phone: 62-21 3913338
Fax : 62-21 3910454
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Disclaimer
By accepting this Press Release, you are agreeing 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 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 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. 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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