Listed and traded on the Indonesia Stock Exchange

  Corporate Update April 2013 PT Media Nusantara Citra Tbk. Listed and traded on the Indonesia Stock Exchange STOCK CODE: MNCN www.mncgroup.com

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  www.mncgroup.com Section 1 Indonesia’s Media Industry Update Section 2 Table MNC Update of Content Section 3 Financial Update MNC

  Section1 Indonesia’s Media Industry Update www.mncgroup.com

Macro drivers support industry growth Population (2011) A Young Population : 80% - Below 50yr What are the macro drivers?

  3%

  Millions

  A large & young population

   13% 1.348

  29% 1.198

   200mn people below age of 50

   A rising middle class

  250

  69

  29

  23

   96

  29%

  by domestic consumption

  26%

  

0-14 15-29 30-49 50-69 70+

36mn TV household

  Source: MPA 2011 Source: Indonesia Bureau of Statistics 2012

   Only 4% of population has Completed Education Level Monthly Household Expenditure (Rp1,000) university degrees

  University

  

E <600 A1 3500

  Academy 4%

  NA

  3% 22%

  

5% 6%

A2 2501-

  Indonesians prefer to watch TV 3500 D 601-

  9% 900 than to read, watching 5 hours

  13%

  Senior High of TV per day.

  29%

  B 1751- 2500 C2 901- 20%

  1250

  Elementary

  21%

  23%

  C1 1251-

  Junior High

  1750

  19%

  26% Source: Indonesia Bureau of Statistics 2012 Source: Nielsen Media Research

  Source: Media Partners Asia 2012 In USD billion

  Asia Pacific Net Adspend Growth (2011-2013F) 2011 2013F

  2011 2013F

   Media Partners Asia forecasts net ad spend growth of 15.8% in 2013  Growth is among the highest in the region

   Indonesia’s ad spend is growing from a small base; we expect growth to be sustainable Indonesia’s ad spend growth highest in region

Asia Pacific Net Adspend (2011 – 2013F)

  $5.000 $10.000

  $12.000 Indonesia Thailand Philippines

  Net Adspend as a Percentage of GDP (2011) Source: Media Partners Asia 2012

  In USD/spot

  0,9% 0,7%

  0,7% 0,6%

  0,6% 0,5% 0,5%

  0,4% 0,4% 0,3% 0,3% 0,3%

  0,3% 0,2%

  Price of 30 seconds prime time spot in the region

   Net adspend as % of GDP is the lowest in the region indicating solid growth potential  The price for a 30 seconds prime time spot is cheap compare to other ASEAN countries

  Well Positioned in a Conducive Growth Environment

Industry Dynamics

   Prime time advertising slots are limited; strong demand for advertising  Local brands have been aggressive in advertising to compete with multi national companies  We expect automotive and financial companies to increase TV advertising budget

  Limited supply: Only 10 FTA TV stations Demand (More brands advertising on TV)

  3% 10% 41% 24%

  MNC Group EMTEK Trans Corp Visi Media Other

  22% Source: Nielsen Prime time all demographic Feb 2013

Low Penetration Rates in Key Segments

Asia Pacific TV Penetration of Total Households (2010F-2014F)

  5,7 5,8

  Millions Internet Household Penetration in Indonesia Newspaper Circulation in Indonesia

  2010F 2011F 2012F 2013F 2014F

  30,2%

  23,7% 27,1%

  18,0% 20,5%

  2010F 2011F 2012F 2013F 2014F

  5,9 6,0 6,0

  100% 100% 100% 99%

  98% 97%

  Korea Japan Singapore Hong Kong Malaysia Australia China Thailand Taiwan Vietnam Philippines India Indonesia 2010F 2014F

  62% 59%

  84% 78%

  94% 92%

  98% 95%

  56% 100% 100% 100% 100% 100%

  76% 61%

  91% 84%

  94% 93%

  Source: Media Partners Asia 2010 Source: Media Partners Asia 2010

Indonesia’s Media Advertising Market Share

   Given the infrastructure constraint, TV is the only medium to reach a mass audience. TV advertising is expected to maintain a dominant market share

   Online advertising to take market share from Newspaper and Magazine 2012

  2016F

  Online; 3.6% OOH; 2,2%

  OOH; 2,0% Radio; 1,2% Radio; 1,5%

  Online; 6,5% Magazine; 2.9%

  Magazine; 2,4% Newspaper,

  Newspaper, 20.7%

  17.5% TV; 69.1%

  TV; 70,4%

  Source: Media Partners Asia 2012

The Largest Integrated Media Company in Indonesia Sindo Media Others Content Free-To-Air TV

  Local TV MNC Star Media Network Tabloid & Tabloid & Radio Pictures Nusantara Magazine Magazine RCTI MNCTV Global TV MNC Newspaper Networks MNC Channels National & Regional Radio News Portal

  More channels will be added Sindo Weekly

  Content library contains more than 130,000 hours and increasing by

Our 4 key growth drivers

  RCTI, the #1 TV station, will drive the overall industry growth Successfully turned around MNCTV; higher ad rates to follow. Focus to improve ratings at Global TV 17 exclusive channels on MNC Skyvision to generate ad revenue Rebrand 38 local TV stations as 4th national TV “SINDO TV”, launching Q2 13

MNC ad revenue growth outperforming the industry Potential for ad rates increase Opportunity for ad rate increases Dominant TV Player in Indonesia

   RCTI has consistently been the # 1 TV station in 100% Indonesia since its inception in 1989.

  65%  RCTI, MNC TV and Global TV cumulatively

  31% control 40% audience share during prime time

   In 2012, our group experienced 22.0%

Competitor MNC TV Global TV

  advertising revenue growth, outperforming the industry growth rate of 15.5%, driven by RCTI 2012 advertising revenue growth and MNC TV

   Change in programming strategy paid off at MNC TV. Viewership ranking jumped to #2 in 2012 from #6 in 2011. We see considerable scope for increased advertising revenue at MNCTV as ad rates are still much lower compare to RCTI

  22,0%  Focus is now to turnaround Global TV

  15,5% MNC Group Industry Peers

Content is King

Creating the best content is our top priority

   Content is the only way to capture audience share and monetize advertising dollars

   Indonesians love “Sinetrons” and we broadcast many of the top drama series  We have licensed popular International programs such as Master Chef, Indonesia Idol and X Factor

  “Content is where I expect much of the real money will be made on the Internet, just as it was in broadcasting. The television revolution that began half a century ago spawned a number of industries, including the manufacturing of TV sets, but the long-term winners were those who used the medium to deliver information and entertainment.

  ” “Content is King” by Bill Gates in 1996

Primetime Nielsen TV stations ranking Dec 2011* Feb 2013* Share Share

  1 RCTI ABC

  7.3

   Exclusive programming with top Hollywood studios  More than 120,000 hours of content library and increasing by more than 15,000 hours annually  We also have 16 MNC branded Pay TV Channels.

  These channels are integral to our content strategy

  1.9 Rank Station Target Audience

  2.0

  10 MetroTV AB

  3.7

  3.2

  9 TVOne ABC

  6.1

  6.1

  8 GTV ABC

  6.7

  5.9

  7 ANTV ABC

  11.7

  21.9

  6 IVM ABCD

  11.0

  Source: Nielsen Monthly Prime Time All Demographic Audience Share

  5 TransTV ABC

  11.0

  10.4

  4 MNCTV ABCD

  12.6

  13.3

  3 Trans7 ABC

  14.2

  14.4

  2 SCTV ABCD

  24.3

  10.4

MNC’s TV Programs Dominate in all Genre Number of MNC’s Programs in the Top 20 for National FTA TVs (January to December 2012) All Programs Housewives 16/20

  14/20 Sports Series 16/20 14/20 Talent Search Animation 15/20 20/20

  Source: Nielsen

MNC Drama Series occupied 7 out of 10 spots Top 10 Drama Series in 2012 Station Rating Share

  15.7

  15.2

  3.8

  IVM

  10 TUTUR TINULAR

  16.3

  3.8

  9 RADEN KIAN SANTANG MNCTV

  18.0

  3.8

  8 TENDANGAN SI MADUN SEASON 2 MNCTV

  15.3

  3.9

  7 LOVE IN PARIS SCTV

  1 TUKANG BUBUR NAIK HAJI THE SERIES RCTI

  5.2

  6 FATHIYAH MNCTV

  15.9

  4.1

  5 BINAR BENING BERLIAN RCTI

  17.2

  4.3

  4 SEPARUH AKU RCTI

  19.8

  4.4

  3 SI BIANG KEROK CILIK SCTV

  16.4

  4.6

  2 TENDANGAN SI MADUN MNCTV

  21.7

  4.1

  Other Top Reality TV Series

The most comprehensive Pay TV Channels lineup

   We have the most comprehensive Pay TV channel lineup in Indonesia  Our customers prefer local content  Producing content in Bahasa Indonesia is our competitive advantage

   We generate subscription revenue and advertising revenue Sports Movies Lifestyle News Entertainment Kids Soon Local content means it is the leader in its Pay TV category

Pay TV Channels to drive ad revenue for MNCN

   MNCN has produced and packaged 14 Pay TV channels exclusively for MNC Sky Vision. In return MNCN receives 100% ad revenue 22%

   MNC Sports, MNC Entertainment, MNC News

  MNC Channels

  and MNC Business are # 1 ranked in their

  Rest of market

  respective categories versus International 78% peers

   In 2013, we will add 4 more channels: MNC Food & Travel, MNC Kids, MNC Home and MNC Wedding

   We expect MNC Channels to generate meaningful advertising revenue as subscribers grow

Strong Market Position with

Superior Content Capabilities (cont’d)

Strong Presence in Print Media

Leading Radio Stations in Indonesia

   In 5 years following the launch in 2005, Seputar Indonesia has become the 2nd largest newspaper in Jakarta and the 3rd largest in Indonesia  The remaining 5 of the top 6 newspapers in Indonesia have been in circulation for more than 30 years on average  Tabloids / magazines published by us are popular among readers

  1 RDI 4.007.000 _{2 BENS 3.075.000 3 GEN FM 3.031.000 4 MEGASWARA 1.953.000} ^{1 ARH GLOBAL 747.000 2 MUSTANG 579.000 3 PRAMBORS 443.000 4 99ERS FM 352.000}

  4 SMART < 1.000

  Source: Nielsen Media Index, figures refer to circulation in Jakarta only Wave #4 2010 Total Audience in Jakarta _{1 SINDO RADIO 472.000 2 DELTA 159.000 3 PAS 149.000}

   36 radio stations in 4 different formats consistently ranked #1 or 2 in their respective genres / targeted audience

• Sindo Radio - #1 news station
• Radio Dangdut Indonesia - #2 station for middle / low income segments
• ARH Global - #1 choice amongst young listeners

• - V Radio

  – female radio station
• Genie is the third largest tabloid by readership

  1294 427

  Bisnis Indonesia

  Republika Media Indonesia

  Koran Tempo

  38 Kompas Seputar Indonesia

  117

  169 128

Highly Qualified and Experienced Management Team

  HaryTanoesoedibjo

   CEO, MNC Group

  Group President & CEO of MNC since March 2004  Founding shareholder and Group Executive Chairman of PT Bhakti Investam aTbk. since 1989  Currently holds positions in several other companies, including Group President & CEO of PT Global Mediacom Tbk. since

  21 years of relevant

  2002, President Commissioner of RCTI since 2008, President Commissioner of PT MNC Sky Vision (Indovision), President

  experience

  Commissioner of Media Nusantara Informasi since 2008, President Commissioner of MNC Networks since 2008, President Commissioner of MNC Pictures since 2007, and many other companies within MNC Media and Bhakti Investama Group

   MBA degree from Ottawa University, Canada  Bachelor of Commerce (Honors) degree from Carleton University, Ottawa, Canada

  Agus Mulyanto

   Director Director of MNC since 2006 and a member of the Board of Commissioners of RCTI since 2008  President Director, Senior Executive and a member of the Board of Directors of PT Surya Citra Televisi from 1989 to 2003  Doctorate of Philosophy in Telecommunication Engineering, University of Wisconsin, Madison, USA (1982)

   21 years of relevant

  Master of Science degree in Telecommunication Engineering with a Minor in Business Management from the University of

  experience

  Wisconsin, Madison, USA  Degree in Electrical Engineering majoring in Telecommunication from Sepuluh Nopember Institute of Technology (ITS), Surabaya

  Oerianto Guyandi  CFO, MNC Group Director of MNC since 2009 and Group CFO since 2008. Also CFO of PT Global Mediacom Tbk.

   Previously held several important positions such as Director/Vice President Director in PT MNC Sky Vision, PT Rajawali Citra Televisi Indonesia, and PT Global Informasi Bermutu  21 years of relevant Started his career in Public Accounting Firm Prasetio Utomo & Co. (Arthur Andersen) and Salim Group  experience Bachelor degree in Economy in Accounting from the University of Indonesia and a Bachelor degree in Agricultural Engineering from Institute Pertanian Bogor in Indonesia

  Nana Puspa Dewi

   Director Joined MNC in 2007 after spending 21 years in the consumer goods industry with major FMCG companies such as Procter & Gamble, Mars Inc., Mayora and Cadbury

   Held different positions from Management Trainee, Brand Manager, GM Marketing, Country Manager and her last position

  24 years of relevant prior to joining MNC was as Managing Director in Cadbury Indonesia

   experience Has many years of experience in market research, sales & marketing and general management  Degree in Economy in Management from Udayana University, Indonesia

  4,86 1,43

  12M 2010 to 12M 2012 Solvency Metrics

  12M2011 Audited

  12M2010 Audited

  43% 50%

Debt / Core EBITDA Debt / Equity Core EBITDA / Interest Core EBITDA Margin Core EBITDA Margin TVs Core EBITDA Margin RCTI

  0.30x 10% 55.83x 38%

  11.66x 33% 40% 51%

  33% 41% 0.47x 12%

  1.12x 30% 6.60x 30%

  IDR trillion

  12M 2010 to 12M 2012 Financials

  8,20 5,44 5,39

  12M 2012 (Audited)

  Financial Performance from 12M 2010 (Audited) until

  12M2012 Audited

  12M2011 Audited

  12M2010 Audited

  7,29 Revenue Core Ebitda Total Assets Equity

  2,37 8,96

  6,83 6,26

  1,79 8,80

  12M2012 Audited

Segmental Overview – Revenue

  12M 2012 (Unaudited)

  12M 2011 (Audited) Split by TV Network Split by TV Network

  82% 3%

  1% 8%

  3% 3% Tv Station Print Ads Radio Ads Non Ad Revenue

  VAS Content

  57% 29%

  14% RCTI MNC TV GTV

  61% 24%

  15% RCTI MNC TV GTV

  78% 3% 1%

  6% 10%

  2% TV Station Print Ads Radio Ads Non ad Revenue

  VAS Content

Segmental Overview – Core EBITDA

  93% 1%

  0% 1% 5% 0%

  TV Station Print Ads Radio Ads Non ad Revenue

  VAS Content

  12M 2012 (Audited)

  12M 2011 (Audited) Split by TV Network Split by TV Network

  65% 27%

  8% RCTI MNC TV GTV

  95% 1%

  0% 0%

  3% 1% TV Station Print Ads Radio Ads Non ad Revenue

  VAS Content

  61% 24%

  15% RCTI MNC TV GTV

Financial Performance – 12M 2012 (Audited) Revenue Breakdown 12M 2011 & 12M 2012

  12M 2012 (Audited)

  35% 40% Net Income 1,070 1,657 55%

  33% 38% Total EBITDA Margin

  Core EBITDA 1,791 2,375 33% Total EBITDA 1,863 2,518 35% Core EBITDA Margin

  Content 93 197 111% Value Added Services 536 217 -60% Others 343 500 46% Operating expenses 3,808 4,050 6%

  12M 2012 %chg Revenue 5,390 6,265 16% Advertising 4,418 5,351 21%

  12M 2011

  IDR billion

  12M 2011 (Audited) +16% +35% +55% +33%

  85% 3%

  3% 8%

  2% 10%

  12M 2012 Audited 82%

  12M2011 Audited

  Revenue Core EBITDA Total EBITDA Net Income

  2.518 1.657

  6.265 2.374

  1.863 1.070

  5.390 1.791

  Advertising Content Value Added Service Others

  6%

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