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20240514_CNMA_Laporan Informasi dan Fakta Material_31638564_lamp1.pdf
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PRESS RELEASE
Q1 2024 Cinema XXI's Revenue Grows 47.6% and
Records a Net Profit of IDR154 Billion
• Cinema XXI’s total admissions increased from 13.5 million viewers in the first quarter of 2023 to
21.1 million viewers in the first quarter of 2024.
• Throughout the first quarter of 2024, Cinema XXI opened 4 new cinemas with 19 screens, bringing
the total number of cinemas operated to 244 cinemas with 1,301 screens in 61 cities/regencies.
Jakarta, 29 April 2024 – PT Nusantara Sejahtera Raya Tbk (Cinema XXI, stock code: CNMA) recorded a
positive performance in Q1 2024. Throughout the first three months of the year, Cinema XXI generated
IDR1.3 trillion in revenue, or an increase of 47.6% compared to Q1 2023, which was IDR883.3 billion (year
on year/YoY). This revenue increase resulted in a 107.2% increase in EBITDA, amounting to IDR382.5
billion, and a net profit for the Company of IDR154.0 billion, which is an increase of 701.7% from the same
period in 2023.
Cinema XXI President Director Suryo Suherman said this achievement is a synergy of the Company's
strategy to increase sales and the support of movie content that helps attract viewers to the cinema. The
proper selection of cinema locations in business expansion also becomes one of the keys to the Company's
sales increase, alongside innovations in the F&B business line. Throughout the first three months of this
year, Cinema XXI has opened 4 new cinema locations with 19 new screens. Thus, by the end of March
2024, Cinema XXI operates 244 cinemas with a total of 1,301 screens in 61 cities/regencies spread across
Indonesia.
Total admissions increased from 13.5 million viewers in Q1 2023 to 21.1 million viewers in Q1 2024,
resulting in an increase in cinema ticket revenue worth IDR825.8 billion from IDR530.3 billion in the same
period in 2023. "Revenue from cinema ticket sales is still the largest contributor, reaching 63.4% of total
revenue, followed by revenue from the food and beverage business line at 33%," Suryo said.
Director Cinema XXI Dody Suhartono added, the increase in admission is also reflected in the revenue
from the F&B product business line, which grew 38.3% to IDR429.7 billion from IDR310.7 billion in Q1
2023. "In the future, the Company will continue to bring innovation in a range of quality F&B products to
better complete the moviegoing experience in Cinema XXI," Arif added.
As the largest cinema chain operator in Indonesia with more than 35 years of experience in the film
exhibition industry, Suryo continues, Cinema XXI is committed to sustaining this positive growth
momentum in the future by expanding its services through opening new cinemas, adding new screens,
enhancing the quality of the cinematic experience and innovating in the F&B product business line.
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"Cinema XXI remains committed to providing the best and uncompromised moviegoing experience at an
affordable price to all Indonesians. We plan to open around 100 new screens across various cities and
regencies in Indonesia by 2024. Our goal is to make Cinema XXI become a second home where people can
spend quality time with family and friends," Suryo said.
Specifically, Suryo expressed his gratitude to Indonesian filmmakers who continuously create and produce
films that are in high demand among audiences.
***
About Cinema XXI
Cinema XXI, operates under the auspices of PT Nusantara Sejahtera Raya Tbk, is the largest cinema chain operator in Indonesia
with more than 35 years of experience in the film exhibition industry. Cinema XXI is committed to always providing the best
moviegoing experience and convenience for the people of Indonesia. As of March 31, 2024, Cinema XXI has presented 1,301
screens in 244 cinema locations across 61 cities/regencies throughout Indonesia.
In 2006, Cinema XXI launched m.tix to facilitate SMS-based cinema ticket ordering which was then developed into an online-based
application. In 2012, Cinema XXI presented a movie-viewing experience with revolutionary technology, namely the IMAX theater.
To better improve the services given to customers, Cinema XXI has also equipped the theaters with the latest "Dolby Atmos" audio
system, which is now available on 75 screens.
Not only a place to watch movies, Cinema XXI is also a second home for people to spend quality time with family and friends.
Cinema XXI presents an unforgettable moviegoing experience for today and tomorrow. For three consecutive years in 2017, 2018,
and 2019 Cinema XXI has been awarded the "World Branding Award" in Kensington, London as the Best Brand in the
Entertainment Cinema Category (National Tier). In early 2019, Cinema XXI was also been awarded the "Millennials Top Brand
Awards" by one of the preferred media of Indonesia’s young generation as the first choice of millennials for the category of leading
cinema network in Indonesia. Despite the pandemic condition, in 2020, Cinema XXI was named "Industry Champion of the Year"
by the Asia Corporate Excellence and Sustainability (ACES) Awards and “Indonesia Best Managed Company” by Deloitte in 2023.
https://www.cinema21.co.id/
https://21cineplex.com/
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