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20240402_KPIG_Laporan Informasi dan Fakta Material_31622382_lamp2.pdf
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In 2023 PT MNC Land Tbk
Scored Various Milestones
Jakarta, April 1, 2024 – PT MNC Land Tbk (IDX: KPIG) continues its positive performance by
recording a net revenues of Rp1,421.0 billion for FY-2023, or soaring 26.7% year-on-year (yoy) from
Rp1,121.9 billion in FY-2022. The Company’s revenue was mainly derived from the hotel and resort
segment, accounting for 57.1% of the total revenue, followed by property management and other
services at 29.8%, office space rental at 12.1%, and apartment and other properties at 1.0%. The
hotel and resort segment generated the highest increase of 60.0% yoy from Rp507.5 billion in
FY-2022 to Rp811.9 billion in FY-2023. The surge in revenue was driven by Park Hyatt Jakarta, which
began operating in mid-2022, providing a full year's contribution in 2023.
FY-2023 Financial Highlights
in million Rupiah 2023 2022 %
Profit and Loss
Net Revenues 1,421,006 1,121,877 26.7%
Gross profit 516,282 406,173 27.1%
EBITDA 207,726 190,633 9.0%
Net profit 345,106 179,502 92.3%
Total net profit attributable to :
- Owners of the company 329,810 177,771 85.5%
- Non-controlling interests 15,296 1,731 783.8%
Total comprehensive income 379,764 210,573 80.3%
Total comprehensive income attributable to :
- Owners of the company 364,780 207,799 75.5%
- Non-controlling interests 14,984 2,774 440.2%
Earnings per share (in full Rupiah) 3.69 2.09 76.6%
in million Rupiah 2023 2022 %
Balance Sheet
Total assets 33,475,139 31,955,760 4.8%
Total liabilities 6,721,228 6,468,100 3.9%
Total equity 26,753,911 25,487,660 5.0%
Quarterly, the Company's total revenue continued an upward trajectory, from Rp335.0 billion in Q3
-2023 to Rp374.4 billion in Q4-2023, representing a 11.8% jump. Revenue from hotel and resort,
which is the Company's largest segment, rose 14.8% to Rp227.4 billion in Q4-2023.
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The Company recorded a 9.0% yoy EBITDA
growth, from Rp190.6 billion in FY-2022 to
Rp207.7 billion in FY-2023. All of the above
brings the Company’s net profit to
Rp345.1 billion at the end of December 2023 or
shot up 92.3% yoy from Rp179.5 billion in the
same period last year with net profit
attributable to the owner of the company at
Rp329.8 billion. The Company posted a healthy
net profit attributable to the owner of the
company margin of 23.2% in FY-2023.
The Company's balance sheet is stable, with
total assets of Rp33.5 trillion at the end of 2023,
growing 4.8% yoy. Meanwhile, total liabilities
were recorded at Rp6.7 trillion and equity at
Rp26.8 trillion, an increase of 3.9% and 5.0%,
respectively, compared to the close of 2022.
BUSINESS UPDATES
• Park Hyatt Jakarta
Since opening in 2022, Park Hyatt Jakarta has continued to make achievements and win various
prestigious awards. In 2023, Park Hyatt Jakarta received awards including:
1. Park Hyatt Jakarta: Best City Hotel Jakarta 2023 by TTG Travel Awards
2. Park Hyatt Jakarta: Best Upscale Designed Hotel 2023 by Exquisite Awards
3. Kita 喜多 Restaurant at Park Hyatt Jakarta: Best Upscale Japanese Restaurant 2023 by Exquisite
Awards
The latest, Park Hyatt Jakarta presented the Royal Glasshouse, a luxurious MICE (Meetings,
Incentives, Conferences, and Exhibitions) facility with a spacious area of 1,650 m2, capable of
accommodating 1,400 people, surrounded by a beautiful garden with a modern and magnificent
design.
• MNC Lido City Sepecial Economic Zone (SEZ)
After obtaining the status of Tourism SEZ through Government Regulation No. 69 dated June 16,
2021, MNC Lido City SEZ was officially declared operational by the signing of the inscription by the
President of the Republic of Indonesia, Joko Widodo, at the end of March 2023. With this status, in
practice, every business in the MNC Lido City SEZ will get fiscal benefits in the form of exemption
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from VAT, Luxury Goods Sales Tax, Import Duty, Excise, and Tax Holiday for Corporate Income Tax
for 10 to 20 years according to the amount of investment. In addition, there are non-fiscal benefits,
which include building rights validity period of 80 years, foreign ownership, and a one-stop
business licensing service under the authority of the SEZ Administrator Office located within the
MNC Lido City SEZ.
MNC Lido City SEZ is an area of 1,040 Ha out of a total land bank of 3,000 Ha. As a world-class
entertainment hospitality destination, MNC Lido City SEZ is the first SEZ in Jabodetabek and the
closest to Jakarta, with direct access via the Bocimi Toll Road. Located between Mount Salak, Gede,
and Pangrango, MNC Lido City SEZ has a comfortable cool air between 22-25˚C throughout the
year thanks to its location at an altitude of 600 meters above sea level.
As part of the development project of MNC Lido City SEZ, Lido Music & Arts Center was officially
opened in September 2023 with the inaugural concert “LMAC MUSICFORALL FEST 2023” which
featured famous musicians, including 4 international musicians from Korea: Taeyang, The Rose,
Apink, and Secret Number, also Indonesian hit musicians: Rizky Febian, Mahalini Raharja,
Fourtwnty Music, DJ Dipha Barus, Gigi Band, Maliq & D’Essentials, and Weird Genius.
In the pipeline, the Company will complete the construction of an 18-hole world championship golf
course, golf club, and private clubhouses in an area of 83 Ha designed by Ernie Els, and Lido
Skyview Resort, 124 additional rooms in the Lido Lake Resort area to accommodate more tourists.
-o0o-
For further information, please contact: PT MNC Land Tbk
Natassha Yunita – Head of Investor Relations MNC Tower, 17/F, MNC Center
natassha.yunita@mncgroup.com Jl. Kebon Sirih No. 17-19, Menteng
investorrelations.mncland@mncgroup.com Jakarta Pusat 10340, Indonesia
Phone: +62 21 3927471
Fax: +62 21 3921227
www.mncland.com
DISCLAIMER
By accepting this Press Release, you agree 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 Press Release.
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.
PT MNC Land Tbk Page | 3
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