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20240403_FILM_Laporan Informasi dan Fakta Material_31623377_lamp2.pdf
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Press Release PT MD Pictures Tbk (“FILM”)
Jakarta—MD Pictures recorded solid performance throughout 2023 despite intensifying
competition with foreign films. Our leadership as a successful content producer is well reflected
in our work, which is applauded and praised by the public, making us the industry’s market leader.
We successfully booked revenue of IDR 370 billion and net profit of IDR 95 billion in 2023.
This is supported by "Sewu Dino” reigning as the highest-grossing local movie for 2023.
Our commitment to operational excellence is evident in our 76% EBITDA margin, which is
consistent with 2022 and has ensured positive cash flow, maintaining a solid liquidity position,
demonstrated by its net cash position of IDR 518 billion as of December 2023 and quick and
cash ratios exceeding 8x, up from the December 2022 range of 6-7x. As on 31st Dec 2023, the
company also continues to have a light balance sheet with zero debt (i.e. bank Loan) position.
Financial performance (IDR billion) 2022 2023
Revenue 437 370
Gross profit 307 230
Operating profit 193 112
Operating Margin 44% 30%
EBITDA 333 283
EBITDA Margin 76% 76%
Net profit 156 95
Net profit Margin 36% 26%
Cash flow (IDR billion) 2022 2023
Cash flow from operation 188 121
Cash flow from investing 10 (8)
Cash flow from financing 124 0
Net increase (decrease) in cash and cash equivalents 322 113
Cash and cash equivalents at the beginning of the years 83 405
Cash and cash equivalents at the end of the years 405 518
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Balance Sheet (IDR billion) 2022 2023
Cash & Equivalent 405 518
Other current assets 99 111
Film assets 304 304
Other non-current assets 807 780
Total assets 1,615 1,713
Total liabilities 77 84
Total equity 1,539 1,629
Ratio 2022 2023
Net debt/(net cash) (IDR billion) (405) (518)
Quick ratio (x) 6.7 8.8
Cash ratio (x) 6.0 8.2
Our commitment to penetrating digital content (OTT), as evidenced by a staggering 130%
increase in digital revenue for 2023.
As the OTT sector expands, it's important to note that our cinema sector remains a leader in the
industry. In 2023, two MD Pictures movies, "Sewu Dino" and "Kisah Tanah Jawa: Pocong
Gundul," achieved top 12 rankings and held a 21% market share of local blockbuster movies.
Top-12 Most Viewed Indonesian Movies of 2023
No. Movie Title Production House Viewership Genre
1 Sewu Dino MD Pictures 4.891.609 Horror
2 Di Ambang Kematian MVP Pictures 3.302.047 Horror
3 Air Mata di Ujung Sajadah Beehave Pictures 3.127.671 Drama
4 172 Days Starvision Plus 3.087.826 Drama
5 Siksa Neraka Dee Company 2.610.036 Horror
6 Petualangan Sherina 2 Miles Films 2.414.504 Adventure
7 Waktu Maghrib Rapi Films 2.403.711 Horror
8 Suzzanna: Malam Jumat Kliwon Soraya Intercine Films 2.189.363 Horror
9 Sijjin Rapi Films 1.930.901 Horror
10 Panggonan Wingit Hitmaker Studios 1.800.003 Horror
11 Kisah Tanah Jawa: Pocong Gundul MD Pictures 1.652.862 Horror
12 Ketika Berhenti di Sini Sinemaku Pictures 1.611.005 Drama
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Our firm commitment to reach new heights with “Badarawuhi Di Desa Penari” going global.
MD Pictures is delighted to announce its strategic partnership with Lionsgate for the exclusive
distribution of Badarawuhi Di Desa Penari (Dancing Village: The Curse Begins), the highly
anticipated prequel to Indonesia's highest-grossing movie of all time, KKN Curse of the Dancing
Village. Lionsgate is a renowned media and entertainment company listed in the NYSE: LGF.A
with a market capitalization of USD 2 billion. Commercial successful box office movies include
– The Hunger Games: Catching Fire (Grossing USD 865 million), The Twilight Saga: Breaking
Dawn Part 2 (Grossing USD 829 million), and La La Land (Grossing USD 433 million), the winner
of six Academy Awards nominations.
MD Pictures is also proud to disclose that Badarawuhi Di Desa Penari (Dancing Village: The
Curse Begins) is the first IMAX movie ever produced in Southeast Asia. In 2024, it will be
one of only five films for IMAX productions worldwide. Consistently at the forefront of the local
industry, MD Pictures and Lionsgate’s sterling worldwide record in distribution promises to push
the frontiers further. In celebration of this title and a newfound partnership, Lionsgate will host the
US premiere of Badarawuhi Di Desa Penari (Dancing Village: The Curse Begins) in Los Angeles
on April 4th, 2024. This premiere signifies a massive milestone in MD’s international mission to
showcase Indonesian movies.
“I am thrilled to announce our partnership with Lionsgate for the distribution of Badarawuhi Di
Desa Penari (Dancing Village: The Curse Begins) in the United States. This collaboration
represents a leap forward for the Indonesian movie industry on the global stage. We believe that
entertainment transcends language and cultural barriers, and we are confident that through this
partnership we will be able to showcase the richness of Indonesian culture to the American
audience and beyond,” said Manoj Punjabi, CEO and Founder of MD Pictures
“At Lionsgate, we are always looking for ways to showcase the best in entertainment to audiences
around the world. With this exciting collaboration with MD Pictures, we are breaking ground by
releasing our first Indonesian film, proving our continued commitment to visionary filmmaking on
a global scale. We are thrilled to be partners with Manoj and MD Pictures on this film and excited
to celebrate its release,” said Helen Lee-Kim, President, International Motion Picture Group at
Lionsgate.
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