Pt Mnc Digital Entertainment Tbk · IDX:MSIN
Pt Mnc Digital Entertainment Tbk — PT MNC Land — Investor Presentation (March 2017)
46 slides from Pt Mnc Digital Entertainment Tbk's investor presentation, March 2017
Slide 1: Corporate Presentation
Corporate Presentation March 2017 Listed and traded on the Indonesia Stock Exchange (IDX) Ticker Code : KPIG www.mncland.com
Slide 2: Disclaimer
Disclaimer By accepting this presentation, you are deemed to agree to be bound by the rules as described below. Failure to comply with these rules can be considered as a violation of the securities laws and regulations. Information and opinions contained in this presentation are not diversified inde
Slide 3: Table of Content
Table of Content Section 1 Company Profile • Brief Background • MNC Group Structure • Company Milestones • Business Profile • Core Team • Awards Section 2 Investment Highlights Section 3 General Properties Section 4 Project Developments • MNC Lido City • MNC Bali Resort • MNC City Section 5 Financia
Slide 4: Company Profile
Section 1 | Company Profile
Slide 5: Brief Background
Brief Background PT MNC Land Tbk (the “Company”) was established since June 11, 1990 (previously known as PT Kridaperdana Indagraha), and listed in the Indonesia Stock Exchange on March 30, 2000. After becoming a member of MNC Group since year 2007, the Company experienced robust growth in terms of
Slide 6: MNC Group Structure
MNC Group Structure Media Media Financial Services Property Financial Investments PT Global Mediacom Tbk PT MNC Kapital Indonesia Tbk PT MNC Land Tbk Content and Advertising Based Media Bank MNC Lido City, Integrated Lifestyle & Entertainment hub MNC Bali Resort, Integrated Lifestyle & Entertainment
Slide 7: Company Milestones
Company Milestones 1990 2000 2007 2008 2011 Establishment of the Initial Public Offering Become a member of 1st Rights Issue Ground-breaking of company MNC Group (IDR 1.68 trillion) SINDO Building, MNC Financial Center, MNC Total Paid-up capital News Center, and MNC (IDR 1.75 trillion) S
Slide 8: Business Profile
Business Profile A proven track record in managing various category of investment properties. Next, the Company is focusing on developing the following segments : MNC Lido City, Integrated MNC Bali Resort, Integrated MNC City, Smart City in Lifestyle & Entertainment hub Lifestyle & Entertainment hub
Slide 9: Core Team
Core Team Board of Commissioners Amir Abdul Rachman Liliana Tanaja Christ Soepontjo Susaningtyas Nefo H. Stien Maria Schouten President Commissioner Commissioner Commissioner Kertopati Independent Commissioner Independent Commissioner Board of Directors M. Budi Rustanto Hary Tanoesoedibjo Herman Her
Slide 10: Awards
Awards “Indonesia’s Best Golf “Top 100 Golf Courses” for “Australia’s Top 10 Family “World Travel Awards 2015: “Best in Travel 2015 Hot 25 - Course 2016” for Nirwana Nirwana Golf Course from Resorts by Holidays with Kids Bali’s Leading Spa Resort Conference Hotels” to The Golf Course from World Golf
Slide 11: Investment Highlights
Section 2 Investment Highlights
Slide 12: Investment Highlights
Investment Highlights Became a member of MNC Group since 2007 and obtained support from the Group, the 1 Company has now become one of the most prominent and reputable property players in Indonesia. NAV Q3-2016 of USD 711 milion is almost 4x undervalued from estimated current market. 2 PBV Q3/2016 w
Slide 13: General Properties
Section 3 General Properties
Slide 14: General Properties
General Properties MNC News Center * MNC Studios * MNC Tower & MNC Plaza Kebon Sirih, Kebon Jeruk, Kebon Sirih, Location Central Jakarta West Jakarta Central Jakarta Owner PT Media Nusantara Citra Tbk PT Media Nusantara Citra Tbk PT GLD Property Land Area 5,837 sqm 101,222 sqm 17,850 sqm Building Ar
Slide 15: General Properties
General Properties MNC Financial Center MNC Tower High End Building Kebon Sirih, Kebon Sirih, Location Surabaya Central Jakarta Central Jakarta Owner PT MNC Land Tbk PT Swarna Citra Sentosa PT GLD Property Land Area 4,222 sqm 1,424 sqm 4,062 sqm Building Area 24,450 sqm 12,039 sqm 5,937 sqm Storey 2
Slide 16: General Properties
General Properties SINDO Building Wisma Indovision II Indovision Bali Building KH Wahid Hasyim, Kebon Jeruk, Location Diponegoro, Bali Central Jakarta West Jakarta Owner PT MNC Land Tbk PT MNC Land Tbk PT Investasi Karya Gemilang Land Area 1,064 sqm 3,297 sqm 2,730 sqm Building Area 5,127 sqm 10,669
Slide 17: General Properties
General Properties The Westin Resort & Pan Pacific Convention Center Nirwana Bali Resort Location Nusa Dua, Bali Tanah Lot, Bali PT Nusadua Graha Owner PT Bali Nirwana Resort International Land Area 9.3 ha 9.8 ha Capacity 433 rooms 278 rooms Occupancy 78% 76% 17
Slide 18: General Properties – Ongoing Development
General Properties – Ongoing Development The cutting edge of mixed- Targeted premium news use development in Surabaya companies, the tower will be the new landmark of the city One East Penthouse & Residences MNC Media Tower Collection/ Park Hyatt Hotel Oakwood Serviced Apartment Location Surabaya Ce
Slide 19: General Properties in Investment Company
General Properties in Investment Company Premium Shopping Mall Office Building Plaza Indonesia fX Sudirman The Plaza Location CBD Jakarta CBD Jakarta Location CBD Jakarta PT Plaza Indonesia Realty PT Plaza Indonesia Realty PT Plaza Indonesia Realty Owner Owner Tbk Tbk Tbk Land Area 16,049 sqm 11,460
Slide 20: General Properties in Investment Company
General Properties in Investment Company Hotel Keraton Grand Hyatt At The Plaza Location CBD Jakarta CBD Jakarta PT Plaza Indonesia PT Plaza Indonesia Owner Realty Tbk Realty Tbk Land Area 12,868 sqm 5,610 sqm Capacity 427 rooms 140 rooms Occupancy 58% 55% 20
Slide 21: Project Developments
Section 4 Project Developments
Slide 22: MNC Lido City – The Pride of Indonesia
MNC Lido City – The Pride of Indonesia PERFECT LOCATION LIVE, WORK AND PLAY POTENTIAL UPSIDE • Located ~70 km away from Jakarta LIVE • Total masterplan area of 3,000 ha and surrounded by 3 major provinces • The premiere Lifestyles of Health and with 2,000 ha of land in possession with over 60 millio
Slide 23: MNC Lido City – Established Cooperation
MNC Lido City – Established Cooperation SIGNING WITH THE TRUMP ORGANIZATION SIGNING WITH KOREA LAND & HOUSING SIGNING WITH KAIA • In August 2015, MNC Land signed an • In October 2015, MNC Land signed a • In March 2016, MNC Land signed an agreement with The Trump cooperation agreement with Korea MoU
Slide 24: MNC Lido City – Strategic Location
MNC Lido City – Strategic Location Lido Integrated Resort & Theme Park is located ~70 km away from Central Jakarta. The site can be reached through Jagorawi Toll Road and the new Bogor-Ciawi-Sukabumi (Bocimi) toll road scheduled for completion at the end of 2017. Main City Boundary Secondary City Bo
Slide 25: MNC Lido City – Development Component
MNC Lido City – Development Component DESTINATION LIDO NATURAL & SUSTAINABLE SETTING SMART INFRASTRUCTURE THEME PARK RESIDENCES RETAIL, DINING & HOSPITALITY SUPPORTING SMART TOWNSHIP NATIONAL Trump Community ENTERTAINMENT Trump Luxury Hotel FACILITIES Phase 2 Development PARK Entertainment City Them
Slide 26: MNC Lido City – World-Class Theme Park Resort
MNC Lido City – World-Class Theme Park Resort • Over 30 attractions including exciting rides and spectacular shows • Immersive original stories and designs weaving in elements of Indonesia’s topography and rich cultural heritage with standards of entertainment, quality, and service exceeding all exp
Slide 27: MNC Lido City – World-Class Theme Park Resort
MNC Lido City – World-Class Theme Park Resort Retail, Dining & Entertainment District • The place to be – a festive specialty shopping, dining, and entertainment hot spot with a wide range of daytime and nighttime activities for both residents and visitors in Lido Themed Park Hotel • Three star hote
Slide 28: MNC Lido City – Trump Community
MNC Lido City – Trump Community The Power of Trump Trump International Portfolio Over 90% recommendation rate 9 world-class, luxury hotels Average RevPar index = 115% Presence in six countries Aggressive global expansion underway Winner of countless awards Leading the world in Hot-selling residentia
Slide 29: MNC Lido City – Trump Community
MNC Lido City – Trump Community Trump Luxury 6-star Accommodations • No. of Keys: 120 • Targets: luxury lifestyle lovers, hosts of special events / corporate retreats • Providing unprecedented hospitality with white-glove service and numerous exclusive facilities, including high-end restaurants and
Slide 30: MNC Bali Resort – Lifestyle Excellence
MNC Bali Resort – Lifestyle Excellence Situated in the heart of Bali’s magnificent southwest coast, MNC Bali Resort sits in close proximity to some of Bali’s most famed attractions. The location is approximately 27 km or an hour drive from the Ngurah Rai International Airport. The development is
Slide 31: MNC Bali Resort – Development Concept
MNC Bali Resort – Development Concept Preliminary master plan designed by EDSA and Oppenheim, MNC Bali Resort has major development concepts as follows: Trump 6-star Luxury Resort Hotel • Consists of 150 room keys comprising of all suites and villas which will raise the bar in terms of sizes to a ne
Slide 32: MNC City – Future Livable City
MNC City – Future Livable City v MNC City is a future Smart City in Jabodetabek area, a new city concept where integrated information technology is immensely used to improve the efficiency of city services in providing solutions for the residents The location permit of this area has been secured
Slide 33: Financial Update
Section5 | Financial Update
Slide 34: Financial Highlights FY2013 – FY2015
Financial Highlights FY2013 – FY2015 FY2013 to FY2015 Audited Financials (In IDR Billion) 1,139 1,013 588 350 372 194 202 191 104 Revenue Operating Profit EBITDA FY2013 FY2014 FY2015 11,127 9,966 8,875 8,016 7,363 6,091 1,950 2,252 1,272 Total Assets Total Liabilities Total Equity FY2013 FY2014 FY20
Slide 35: Financial Highlights FY2013 – FY2015
Financial Highlights FY2013 – FY2015 FY2013 to FY2015 Solvency Metrics 723% 620% 526% 21% 24% 25% 33% 35% 33% EBITDA/Interest Debt/Equity EBITDA Margin FY2013 FY2014 FY2015 Revenue Contribution by Sector EBITDA Comparison FY2015 FY2014 FY2015 FY2014 12% 2% 15% Hotel, resort, golf Hotel, resort, golf
Slide 36: Financial Highlights 9M2014 – 9M2016
Financial Highlights 9M2014 – 9M2016 9M2014 to 9M2016 Unaudited Financials (In IDR Billion) 839 721 612 592 297 177 186 213 143 Revenue EBITDA Net Profit 9M2014 9M2015 9M2016 14,165 10,990 11,568 9,207 8,974 7,694 2,016 2,597 1,513 Total Assets Total Liabilities Total Equity 9M2014 9M2015 9M2016 36
Slide 37: Financial Highlights 9M2014 – 9M2016
Financial Highlights 9M2014 – 9M2016 9M2014 to 9M2016 Solvency Metrics 627% 576% 310% 20% 22% 22% 29% 35% 26% EBITDA/Interest Debt/Equity EBITDA Margin 9M2014 9M2015 9M2016 Revenue Contribution by Sector EBITDA Comparison 9M2016 9M2015 9M2016 9M2015 Hotel, resort, 13% 2% 18% Hotel, resort, 15% 4% 22
Slide 38: Financial Performance Summary
Financial Performance Summary In IDR Billion 9M2016 9M2015 YoY Growth FY2015 FY2014 YoY Growth Revenues 721 839 -14% 1,139 1,013 12% Hotel, resort and golf 456 465 -2% 627 663 -5% Office space rental 128 122 5% 172 128 35% Security and other services 66 36 85% 53 35 51% Apartment & other properties
Slide 39: Market and Industry Outlook
Section 6 Market and Industry Outlook
Slide 40: Indonesia – Large Population with Rising Affluence
Indonesia – Large Population with Rising Affluence Population of 255 million GDP forecast Middle and affluent class to double to 141 million by people, to recover from 2017 2020, with strong growth in Java and growing 60% aged 25-60 Secular republic, tolerant Muslim population (86%) 60% living in Ja
Slide 41: Domestic and Inbound Tourism Demand is Growing
Domestic and Inbound Tourism Demand is Growing Domestic tourism accounted for 76.7% of direct tourism GDP in 2014 Domestic trips to increase from 156 million in 2013 to 212 million by 2018, aided by ``` the proliferation of low-cost carriers (Euromonitor forecast) 9.7m foreigners visited Indonesia i
Slide 42: Social Values are Also Changing
Social Values are Also Changing In Indonesia, family comes first Parents with less time are willing to spend to indulge their kids With growing affluence, consumers are becoming more sophisticated and status-oriented 42
Slide 43: Jakarta Property Outlook – CBD Office
Jakarta Property Outlook – CBD Office Net Absorption / Asking Rent Office for Lease Total Supply 5.57 million sqm Total Demand 4.54 million sqm Occupancy Level 81.55% Average Gross Rental IDR 318,150/sqm/mo. (IDR) Average Gross Rental (USD): - Overall USD 24.31/sqm/mo. - Grade A USD 29.97/sqm/mo. -
Slide 44: Jakarta Property Outlook – Retail & Hotel
Jakarta Property Outlook – Retail & Hotel Retail Supply by District Retail Total Supply (Overall) 4.16 million sqm Retail centers for lease 3.04 million sqm (73%) Strata-title retail centers 1.12 million sqm (27%) Total Demand 3.49 million sqm Occupancy Level 84.0% Average Base Rental (GF, Premium L
Slide 45: Surabaya Property Outlook – Office & Apartment
Surabaya Property Outlook – Office & Apartment Existing Supply and Future Office Distribution Office for Lease Total Supply 296,512 sqm Occupancy Level 81.1% Asking Asking Rate IDR 140,082/sqm/mo. (+28.0% HoH) Average Service Charge IDR 69,768/sqm/mo. Strata-title Office Total Supply 61,060 sqm Sale
Slide 46: For further information, please contact
For further information, please contact: Pauline Changgara – Investor Relations Manager [email protected] PT MNC Land Tbk MNC Tower, 17th Floor Jl. Kebon Sirih No. 17-19 Jakarta 10340, Indonesia Tel : +62 21 3927471 Fax: +62 21 3921227 [email protected] www.mncland.