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20240502_FILM_Laporan Informasi dan Fakta Material_31633780_lamp1.pdf
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Press Release PT MD Pictures Tbk (“FILM”)
Jakarta— MD Pictures has maintained a strong performance throughout 1Q24, showcasing its
commitment to delivering quality content for Indonesian audiences.
MD Pictures' net profit rose by 59% year-on-year in the first quarter of 2024, driven by an increase
in the company's market share in cinema films and ample liquidity, which enabled enhanced cash
management and increased profitability.
The company maintained a strong balance sheet and ample liquidity with a net cash position of
IDR 527 billion and a liquidity ratio exceeding 6x. MD Pictures always maintained a positive cash
flow, showcasing its solid liquidity position to ensure sustainable movie production and expansion
to strengthen market share.
Financial performance (IDR billion) 1Q23 4Q23 1Q24
Revenue 61 76 54
Gross profit 34 39 29
EBITDA 32 48 27
EBITDA Margin 53% 63% 50%
*Net profit 3 10 5
Net profit Margin 5% 13% 8%
*Net profit from attributable to: Owners of the parent
Cash flow (IDR billion) 1Q23 4Q23 1Q24
Cash flow from operation (1) 48 11
Cash flow from investing (4) (0) (2)
Cash flow from financing 0 0 0
Net increase (decrease) in cash and cash equivalents (5) 47 9
Cash and cash equivalents from the previous period 405 471 518
Cash and cash equivalents at the end of the years 400 518 527
Balance Sheet (IDR billion) Mar-23 Dec-23 Mar-24
Cash & Equivalent 399 518 527
Other current assets 97 111 84
Film assets 315 304 346
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Other non-current assets 803 780 775
Total assets 1,614 1,713 1,732
Total liabilities 74 84 99
Total equity 1,540 1,629 1,633
Ratio 1Q23 4Q23 1Q24
Net debt/(net cash) (IDR billion) (399) (518) (527)
Cash ratio (x) 6.2x 8.2x 6.6x
MD Pictures Solidifies Market Leadership with Domestic Cinema Success and Global
Expansion Through “Badarawuhi: Di Desa Penari”
MD Pictures achieved an impressive 94% year-on-year growth in1Q24 from cinema revenue to
IDR 36 billion (vs IDR 18 billion in 1Q23), driven by the successful release of "Ancika: Dia Yang
Bersamaku 1995," which attracted 1.3 million viewers making it the top-10 most viewed movies
of 2024. This accomplishment secured a substantial market share of 19% in the first quarter.
2024 Top-20 Most-viewed Movies (as of 30/4)
Rank Movie Title Genre Production House Viewers
1 Agak Laen Comedy Imajinari Pictures 9.121.767
2 Siksa Kubur Horror Come And See Pictures 3.702.652
3 Badarawuhi di Desa Penari Horror MD Pictures 3.578.396
4 Pemandi Jenazah Horror VMS Studio 1.645.513
5 Ancika: Dia yang Bersamaku 1995 Drama MD Pictures 1.318.885
6 Kereta Berdarah Horror MVP Pictures 1.000.027
7 Trinil: Kembalikan Tubuhku Horror Dapur Film Production 835.126
8 Munkar Horror MD Pictures 773.367
9 Sinden Gaib Horror Starvision Plus 619.538
10 Pemukiman Setan Horror Rapi Films 491.877
11 Pasturi Gaje Drama Falcon Pictures 467.035
12 Dua Hati Biru Drama Starvision Plus 425.815
13 Pasar Setan Horror IDN Media 400.000
14 Kuyang: Sekutu Iblis yang Selalu Mengintai Horror Aenigma Picture 300.000
15 Lampir Horror Sinergi Pictures 300.000
16 Ronggeng Kematian Horror Clock Work Films/MD Pictures 262.400
17 Rambut Kafan Horror Voxineema 153.968
18 Sehidup Semati Horror Starvision Plus 127.057
19 Kupu-Kupu Kertas Drama Denny Siregar Production 120.753
20 Glenn Fredly The Movie Drama Adhya Pictures 100.242
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Indonesia Version USA Version
Premiered on April 11, 2024 Premiered on April 26, 2024
In April 2024, MD Pictures reached a significant milestone by releasing the highly anticipated
prequel to the best-selling local movie "KKN: Di Desa Penari." Titled "Badarawuhi: Di Desa
Penari," the movie has already attracted more than 3.5 million domestic viewers in less than three
weeks of its release and still counting, making it the third most viewed movie of the year. With the
strategic partnership with Lionsgate in place, MD Pictures expects this number of viewers to
continue rising, further enhancing its global exposure and contributing to the movie's total
viewership.
To mark the beginning of this partnership, MD Pictures' first venture with Lionsgate released an
international version of “Badarawuhi: Di Desa Penari” titled "Dancing Village: The Curse Begins,"
which premiered in the USA on April 26. The movie is currently airing nationwide in 28 different
states and across six major cinema brands, including AMC, Cinemark, and Regal, among others.
With positive reviews already pouring in, "Dancing Village: The Curse Begins" is expected to
significantly boost MD Pictures' global viewership, showcasing the company's storytelling
prowess and cross-border appeal.
“This collaboration represents a significant leap forward for the Indonesian film industry on the
global stage. We believe that films can transcend language and cultural barriers, and we are
confident that through this collaboration, we can showcase the cultural richness of Indonesia to
audiences in America and around the world,” said Manoj Punjabi, CEO and Founder of MD
Pictures.
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Do You See What I See Ipar Adalah Maut
Horror Movie Drama Movie
Releasing on May 16, 2024 Releasing on June 13, 2024
"The success of 'Badarawuhi in Dancing Village' in attracting millions of viewers in Indonesia and
now still airing in the United States will certainly drive financial performance in the second
quarter of 2024. We remain steadfast in our commitment to providing quality content for the wider
community and delivering value for shareholders," said Manoj Punjabi.
MD Pictures' Upcoming Film Slate: A Strategic Approach to Audience Engagement
Looking ahead, MD Pictures has an exciting lineup of movies scheduled for release. One highly
anticipated film is "DO YOU SEE WHAT I SEE," which is based on a popular podcast that has
already amassed a large audience. The anticipation surrounding this release suggests a promising
outcome. Producer Manoj Punjabi has shared that they chose to adapt the podcast to uphold the
quality standards of horror films, noting that the podcast's horror narrative offers a unique and
unpredictable experience. This creative approach aligns well with market preferences and ensures
quality content creation, leading to collaboration with the DO YOU SEE WHAT I SEE podcast
team.
Additionally, MD Pictures has several other compelling films in the pipeline, including the eagerly
awaited drama "Ipar Adalah Maut," along with "Jurnal Risa," "Perewangan," and more. These
films not only cater to market preferences but also showcase MD Pictures' innovative approach to
filmmaking. The strategic partnership with Lionsgate further solidifies MD Pictures' position in
the industry, granting access to a wider audience and bolstering its market reach.
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