Listed and traded on the Indonesia Stock Exchange

  Corporate Update

February 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

  900 13% E <600 5%

  23

  Monthly Household Expenditure in Thousands Rupiah A Young Population : 70% - Below 40yr Completed Education Level

  1,348 1,198

  250

  96

  69

  29

  5 29%

• 0.5%

  C2 901- 1250 21% D 601-

  26% 29%

  13% 3%

  0-14 15-29 30-49 50-69 70+

  26% 25%

  30% 15%

  3%

  C1 1251- 1750 26%

  Junior High, 19% Senior high, 29%

  2.5% 1.4%

  Academy, 3% Not finished elementary,

  22% Elementary, 23% University,

  4%

  9.0% 7.5%

  6.5% 5.0%

  4.5% 4.0%

  14.4% 12.3% 12.0%

  9% B 1751- 2500 20%

  8.7% 8.0%

  6.5% 6.3% 5.7%

  Well Positioned in a Conducive Growth Environment Indonesia has one of the fastest growing population in the world with one of the highest projected GDP growth.

  GDP Growth CAGR (2010 –2013F) Source: IMF (Sept 2010) Millions

  Population (2011) Source: MPA 2011

  Global Economic Growth (2011) Source: MPA 2011 and Indonesian government

  A1 3500 6% A2 2501- 3500

  2010 2014F

  Well Positioned in a Conducive Growth Environment Net adspend is one of the lowest in the region indicating enormous growth potential, TV and print are also expected to remain as key revenue drivers of the media industry. Asia Pacific Net Adspend (2011 Asia Pacific Net Adspend Growth (2011-2013F)

• – 2013F)

  In USD billion 2011 2013F 2011 2013F

  Source: Media Partners Asia 2012

  Well Positioned in a Conducive Growth Environment Net Adspend as a Percentage of GDP (2011) Net Adspend Per Capita (2011 - 2013F)

  In USD

  0.9% 0.7%

  0.7% 2011

  0.6% 2013F

  0.6% 0.5% 0.5%

  0.4% 0.4% 0.3% 0.3% 0.3%

  0.3% 0.2%

  Source: Media Partners Asia 2012

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

  100% 100% 100% 99%

  62% 59%

  84% 78%

  94% 92%

  98% 95%

  56% 100% 100% 100% 100% 100%

  76% 61%

  91% 84%

  94% 93%

  98% 97%

  Millions Indonesia’s media industry has strong growth potential given the low penetration rates.

  Asia Pacific TV Penetration of Total Households (2010F-2014F) Newspaper Circulation in Indonesia (2010F-2014F) Internet Household Penetration in Indonesia (2010F-2014F)

  2010F 2011F 2012F 2013F 2014F Low Penetration Rates in Key Segments

  30.2%

  23.7% 27.1%

  18.0% 20.5%

  2010F 2011F 2012F 2013F 2014F

  6.0

  6.0

  5.9

  5.8

  5.7

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

  Indonesia’s Media Advertising Market Share TV and print is forecasted to remain as major contributors of advertising revenues in the media industry. 2011 2016F

  OOH, 2.2% Online, 2.9%

  Radio, 1.5% Radio, 1.2%

  OOH, 2.0% Magazine, 3.0%

  Online, 6.5% Magazine, 2.4%

  Newspaper, Newspaper,

  21.5% 17.5%

  TV, 68.9% TV, 70.4%

  Source: Media Partners Asia 2012

Section 2 MNC Update www.mncgroup.com

  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 120,000 hours and increasing by

  Our Key Growth Strategies Maximize synergies among business units to achieve optimal revenues and achieve cost efficiencies Maintaining and enhancing our leading positions as the largest broadcaster in Indonesia by increasing the audience share of existing national FTA TV stations Creating our own content by enhancing in-house production capabilities, talent management, content library and creating new channels to further boost revenues Expanding into regional TV network through Sindo Media

  1

  2

  3

  4

• – MNC Entertainment, MNC News Channel, MNC Music Channel, MNC Business, MNC Lifestyle , MNC Muslim, Life, MNC Sports 1, MNC Sports 2, MNC Comedy, MNC Drama, Golf, MNC Movie, MNC Infotainment, and MNC Fashion. MNC International is broadcasted in the Middle East and Singapore.

  6.5

  5 TransTV ABC

  10.4

  10.0

  6 IVM ABCD

  11.7

  9.3

  7 ANTV ABC

  5.9

  8 GTV ABC

  13.3

  6.1

  4.8

  9 TVOne ABC

  3.2

  3.5

  10 MetroTV AB

  2.0

  1.8 Rank Station

  11.5

  4 Trans7 ABC

  Target Audience

  



Additional advertising revenues by re-screening popular programs that have brought in strong advertising revenues in the past

  Strong Market Position with Superior Content Capabilities

   RCTI was established as the first private TV station in Indonesia in 1989. Currently #1 TV station in terms of audience share  RCTI, MNC TV and Global TV cumulatively control 40% audience share in prime time.  Several highly sought after agreements to screen popular international programs/events like Disney ABC, FOX, Warner Bros, Nickelodeon, 2010 FIFA World Cup, Formula 1, UEFA Euro, Barclays Premier League, Indonesian Premier League and

  26 th

  Sea Games Indonesia 2011 (all programs are exclusive to MNC).

  Dominant TV Player in Indonesia  More than 120,000 hours of content library and increasing by more than 15,000 hours annually  Entire content library is produced in-house, of which 60% is comprised of non-news content  Monetizing our content library by distributing and licensing content to other TV stations in Indonesia and overseas  Content library can be utilized by all 3 national TV networks, allowing programming / licensing costs to be spread out

  OPPORTUNITIES



  Content can be sold / licensed to other TV channels  Content are repackaged for distribution on pay TV channels in

  Indonesia and overseas which consisted of

  Extensive Content Library to Leverage On

  13.5

  Dec 2011* Dec 2012* Audience Share Audience Share

  1 RCTI ABC

  21.9

  21.8

  2 SCTV ABCD

  14.4

  16.4

  3 MNCTV ABCD

  10.4

• *Source : Nielsen (Prime time All 10 cities, 11 channels, All 5+)

  MNC’s Programs Continues to Dominate in all Genre Number of MNC’s Programs in the Top 20 for National FTA TVs (January to December 2012) All Programs Housewives 15/20

  13/20 Sports Series 15/20 15/20 Kids

  Animation 13/20 20/20 Source: Nielsen

  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

• 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

  1294 427

  169 128

  117

  4 SMART < 1.000

  Wave #4 2010 Total Audience in Jakarta _{1 SINDO RADIO 472.000 2 DELTA 159.000 3 PAS 149.000}

  Strong Presence in Print Media Source: Nielsen Media Index, figures refer to circulation in Jakarta only

  Strong Market Position with Superior Content Capabilities (cont’d)

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

• Genie is the third largest tabloid by readership

38 Kompas Seputar

  Indonesia Bisnis

  Tempo Republika Media

  Indonesia Koran

  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}

  Indonesia

  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

Section 4 Financial Update MNC (Audited FY 2011 & Unaudited 12M 2012) www.mncgroup.com

  4.86

  12M 2012 (Unaudited)

  12M2012 Unaudited

  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% 38.22x 39%

  11.46x 33% 40% 51%

  33% 41% 0.47x 12%

  1.12x 30% 6.60x 30%

  IDR trillion

  12M 2010 to 12M 2012 Solvency Metrics

  12M 2010 to 12M 2012 Financials

  12M2012 Unaudited Financial Performance from 12M 2010 (Audited) until

  1.43

  12M2011 Audited

  12M2010 Audited

  7.21 Revenue Core EBITDA Total Assets Equity

CAGR +12% CAGR +28% CAGR +5% CAGR +21%

  8.99

  2.36

  6.09

  6.83

  8.80

  1.79

  5.39

  4.77

  8.20

  Segmental Overview – Revenue

  12M 2012 (Unaudited)

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

  78% 3% 1%

  6% 10%

  2% TV Station Print Ads Radio Ads Non ad Revenue

  VAS Content

  84% 4%

  0% 6%

  4% 2% 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

  93% 1%

  0% 1% 5% 0%

  TV Station Print Ads Radio Ads Non ad Revenue

  VAS Content

  Segmental Overview – Core EBITDA

  12M 2012 (Unaudited)

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

  65% 27%

  8% RCTI MNC TV GTV

  77% 16%

  7% RCTI MNC TV GTV

  95% 1%

  0% 0%

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

  VAS Content Core EBITDA 1,791 2,368 32% Total EBITDA 1,863 2,565 38% Core EBITDA Margin 33% 39% Total EBITDA Margin 35% 42% Net Income 1,070 1,614 51%

• +13% +38% +51% +32%

  82% 2%

  10% 6%

  88% 2% 4%

  6% Advertising Content Value Added Services Others

  5,390 1,791 1,863 1,070

  6,092 2,368 2,565 1,614

  Revenue Core EBITDA Total EBITDA Net Income

  12M2011 Audited

  12M2012 Unaudited Financial Performance – 12M 2012 (Unaudited) Revenue Breakdown 12M 2011 & 12M 2012

  12M 2012 (Unaudited)

  12M 2011 (Audited)

  IDR billion

  12M 2011 (Audited)

  12M 2012 (Unaudited) %chg Revenue 5,390 6,092 13% Advertising 4,418 5,367 21%

  Content 93 132 42% Value Added Services 536 216 -60% Others 343 377 10% Operating expenses 3,808 3,916 3%

  Thank You