PT MNC Investama Tbk, also known as MNC Group (the “Company”) was founded in 1989 and has grown to become the leading investment group in Indonesia.
Under the leadership of its Founder and Executive Chairman, Hary Tanoesoedibjo, MNC Group has 3 strategic investments: Media, Financial Services, and Entertainment, Lifestyle Property & Hospitality.
Media Nusantara Citra or MNC, being part of the media business within MNC Group owns and operates 4 national free to air TV stations or FTA: RCTI, MNCTV, GTV, and iNews with its fastest-growing OTT streaming service called RCTI+.
In content, MNC produces 23,000 hours a year for its own FTA, third parties, cinemas and digital platforms with more than 300,000 hours of content library. It also has the largest talent management with close to 400 artists under management.
MNC started back in 2001 when it acquired RCTI. A few years after, the Group acquired GTV, MNCTV and started its own content production and went public in 2007 with stock code: MNCN. The IPO was the largest at that time in Indonesia.
Post-IPO, iNews was established and today the 4 FTA – RCTI, MNCTV, GTV, and iNews have the largest nationwide audience share of more than 40% and ad spend share of 45%.
MNC has invested significant resources in broadcast and production facilities which enable the company to produce high-quality programs such as drama series, talent search like the Indonesian Idol, The Voice, MasterChef, Rising Star and big music concerts as well as awarding programs like TV Awards and Movie Awards. It also produces high-quality animation exported globally.
In the last 3 years, MNC expanded its digital initiatives by developing mobile apps for its FTA and started to upload its content on Youtube in short and medium formats. MNC has gained one of the largest views and subscribers globally on Youtube with more than 2 billion views generated every month. MNC also operates as Multi-Channel Network or MCN which has the fastest-growing number of views and subscribers in Indonesia.
MNC operates 3 portals focusing on general and news contents called Okezone, Sindonews and iNews.id. Okezone today has the largest daily unique visitors of more than 20 million while Sindonews has more than 4 million and iNews.id has 3 million.
To capture a significant share in digital advertising, RCTI+ is targeted to become the largest streaming service in 2020 to complement the company’s strong position in FTA. Other than the live streaming of the 4 FTAs, it provides thousands of famous content library, catch up TV feature, original content like bloopers & behind the scenes, news, audio streaming and other interactive features like quiz, voting, live chat with MNC talents, and audition. UGC features for talent search competition dedicated for RCTI+ and games aggregator is currently under development.
In the next 4 years, digital and content revenues are targeted to represent 50% of the company’s revenue.
Another media business owned by the group is MNC Vision Networks or MVN, being part of the media business within MNC Group, went public in July 2019. It has the largest pay-TV and broadband network operations through MNC Vision, K Vision, MNC Play and VISION+.
MNC Vision, was partly acquired in 2001 under the brand Indovision and became a wholly-owned subsidiary in 2006. It provides the largest Direct to Home or DTH-based pay TV service in Indonesia that dominates more than 90% market share for post-paid services with 2.1million subscribers. MNC Vision has its own satellite launched in 2009 called Indostar II with S-Band technology, which is resistant to weather disturbance in tropical climate. MVN offers more than 130 channels with various genres, of which 30 channels are exclusive on MNC Vision.
In July 2019, MVN acquired K Vision, DTH based pay TV service with Indonesian footprint which serves the middle-income household with prepaid business model. Today, K Vision has the fastest-growing subscriber acquisition of more than 200,000 every month making it the largest prepaid DTH company. It sells set-top boxes along with top-up vouchers consisting of contents with various prices.
In 2014, MVN started its fixed broadband business by rolling out Fiber to the Home (FTTH) technology which offers high-speed internet and IPTV services, under the name MNC Play. Today it has become the third-largest broadband company operating in 9 cities with 1.5 million home passes. On top of having its own networks, MNC Play also lease the capacity from various network providers including Icon+, a subsidiary of state-owned electricity company PLN, to provide high-speed internet and IPTV services.
MNC Play has more than 180 channels with more than 50 premium channels with HD quality. It offers Catch Up TV feature to watch up to 7 days back and Timeshift feature to Pause, Play and Rewind, at no additional cost.
Starting the beginning of 2020, MVN launched its new product called Play Box, an Android TV OTT Box which connects to any internet broadband network. Being the strongest in content, we believe this new product will do very well in the market.
The last platform under MVN is VISION+ which is an Over The Top or OTT-based video streaming platform that offers more than 10,000 hours of video-on-demand in short, medium and long formats from various genres and more than 130 linear channels that can be accessed via all devices. It gives a free access to MNC Vision, K Vision, MNC Play and Play Box subscribers for certain content and operates independently as AVOD and SVOD streaming services. Today VISION+ has more than 27 million monthly active users.
Being the largest pay TV and broadband group, MVN is also the largest in content production. It produces more than 10 linear channels and VODs with various formats and genres which differentiate MVN from any other operators.
In financial services, the group started a stockbroking firm in 1989. In 1999, MNC Kapital Indonesia, known as MNC Kapital, was established to become the main holding company of all the financial activities within the group. It went public in 2001 and today has integrated financial services from banking, consumer finance, securities, leasing, general insurance, life insurance, asset management, and financial technology.
MNC Bank focuses on full-service banking for SME, consumer and wholesale banking and has credit and debit card operations. The Bank currently spends significant resources to become a major player in digital banking, capitalizing on the Group’s strength in technology.
MNC Finance is engaged in consumer financing such as new car and multi-purpose financing and mortgages. As part of improving customer services, MNC Finance has developed a digital application to deliver faster and better credit processing.
MNC Sekuritas, which is the first company established by the Group back in late 1989, provides a complete range of services, from brokerage, margin financing, research, underwriting, and financial advisory services. It has more than 100 retail branches and operates one of the largest online trading services.
MNC Leasing serves corporate customers primarily to finance productive assets in the form of leasing, sale and leaseback, factoring, project financing, infrastructure financing and other financing.
MNC Insurance provides general insurance services for retail and corporate customers. With a 24/7 online customer service and application supports, MNC Insurance strives to provide excellent service for its customers. It currently develops digital application for new car insurance product.
MNC Life offers a number of assurance products, including health, accident, and unit link. MNC Life has recently launched its digital-based apps named Hario for education, pension, health, accident and life insurances.
MNC Asset Management manages a variety of investment products for individual and institutional investors, through various mutual funds and discretionary management services. It specializes in equity, fixed income and money market instruments. In the near future, the company will expand into private equity, venture capital and special situation funds.
MNC Teknologi Nusantara has just launched SPIN, Smart Payment Indonesia, a super apps that connects all MNC Group business units in one financial ecosystem. It provides e-money, e-wallet, digital remittance and loyalty programs. Adapting the latest technology, SPIN is able to interconnect with other providers’ QR code. SPIN, in collaboration with MNC Media, is making a breakthrough by introducing a new concept of in-TV purchase. This partnership allows audiences to scan the displayed QRIS to purchase the products offered, directly from their television screen. Very soon the company will launch its peer to peer lending apps to enter into micro-financing, which can be used as the financing channeling agent for SPIN and MNC Bank.
MNC Kapital has committed itself to become the front runner in integrated financial services in Indonesia. It will capitalize on the strong ecosystem owned by the group particularly in the area of media today.
In the area of entertainment, lifestyle property & hospitality, the group officially started in 2007 by acquiring a listed company and changed its name to MNC Land. Since then MNC Land has grown to become one of the largest entertainment, lifestyle property and hospitality companies in Indonesia.
Headquartered in Central Jakarta on mora than five hectares land, MNC Land currently focuses on the development of its flagship projects, namely MNC Lido City, MNC Bali Resort, and projects in the hospitality industry.
MNC Lido City is an integrated lifestyle residential, commercial, entertainment and resort destination area of 3,000 hectares in Lido, Bogor, West Java which is next to the Provinces of DKI Jakarta and Banten, surrounded by a population of more than 70 million people.
Located about 60 kilometers from Jakarta, MNC Lido City can be directly accessed through Bocimi Toll Road in just about 60 minutes from Jakarta.
Set to be a world-class destination, MNC Lido City comprises of a theme park resort, international four-star, five-star, and six-star hotels, luxury villas and condominiums, an international standard 18-hole golf course designed by Ernie Els, exclusive residences, retail, dining, entertainment, international circuit, university, movieland, and other supporting facilities.
The presence of the Trump International Resort, Golf Club & Residences Lido will enhance Lido to become an unrivaled exclusive resort.
Lido Lake Resort by MNC Hotel which operates in MNC Lido City is now undergoing an expansion, and the largest outbound facility in South East Asia is also being developed within the resort.
MNC Lido City will become the national pride and Indonesia’s new tourism destination.
MNC Land also develops MNC Bali Resort, an integrated resort on more than 100 hectares of land located close to Tanah Lot Temple tourism destination in Tabanan, Bali.
MNC Bali Resort is designed to become the largest and most exclusive integrated resort in Bali featuring Trump International Resort, Golf Club & Residences Bali. The new resort destination will host a six-star hotel, condominiums, exclusive villas, and an international standard golf course designed by Phil Mickelson, along with other supporting facilities.
In the hospitality segment, MNC Land focuses on the development of hotels and resorts, such as Park Hyatt Jakarta, the first and the only Park Hyatt brand in Indonesia, Oakwood Hotel and One East Residence in Surabaya, as well as The Westin Resort Nusa Dua & Bali International Convention Center, which has hosted numerous international events, including Miss World 2013, APEC Summit 2013, and IMF – World Bank Annual Meeting in 2018.
MNC Land also owns a few office buildings and multi-function venues in Jakarta, Surabaya and Bali. Including those managed by MNC Land, the total building areas reach more than 400,000 square meter.
Recently MNC Land expanded into coworking space in some strategic locations in Jakarta, Surabaya and Bali. This new concept of office rental will become a new business model to support the company’s future growth.
As part of its social programs, MNC
Group, through Jalinan Kasih Foundation has given assistances for
education, staple goods, free medication of over 700 thousand patients
to date, improving public facilities and disaster relief. MNC Investama BHIT
VISION
To become a leading investment company in the Asia Pacific region in the sectors of media, financial services and lifestyle property through innovation and technology in a non organic ways.
MISSION
To maximize the group synergy as well as to provide quality services and added values for the stakeholders including all the viewers, customers, shareholders and employees.
CORPORATE VALUES
VISION
To become the market leader in Indonesia and go global.
QUALITY
To build quality corporate cultures in the workplace.
SPEED
To ensure that all work activities are carried out efficiently and fast. MNC Investama BHIT
BRIEF SUMMARY PT MEDIA NUSANTARA CITRA TBK
PT Media Nusantara Citra Tbk or MNC, being part of the media business within MNC Group owns and operates 4 national free to air TV stations or FTA: RCTI, MNCTV, GTV, and iNews with its fastest growing OTT streaming service called RCTI+.
In content, MNC produces 23,000 hours a year for its own FTA, third parties, cinemas and digital platforms with more than 300,000 hours of content library. It also has the largest talent management with close to 400 artists under management.
MNC started back in 2001 when it acquired RCTI. A few years after, the Group acquired GTV, MNCTV and started its own content production and went public in 2007 with stock code: MNCN. The IPO was the largest at that time in Indonesia.
Post IPO, iNews was established and today the 4 FTA – RCTI, MNCTV, GTV and iNews have the largest nationwide audience share of more than 40% and adspend share of 45%.
MNC has invested significant resources in broadcast and production facilities which enable the company to produce high quality programs such as drama series, talent search like the Indonesian Idol, The Voice, MasterChef, Rising Star and big music concerts as well as awarding programs like TV Awards and Movie Awards. It also produces high quality animation exported globally.
In the last 3 years, MNC expanded its digital initiatives by developing mobile apps for its FTA and started to upload its content on Youtube in short and medium formats. MNC has gained one of the largest views and subscribers globally on Youtube with more than 2 billion views generated every month. MNC also operates as Multi Channel Network or MCN which has the fastest growing numbers of views and subscribers in Indonesia.
MNC operates 3 portals focusing on general and news contents called Okezone, Sindonews and iNews.id. Okezone today has the largest daily unique visitors of more than 20 million while Sindonews has more than 4 million.
To capture a significant share in digital advertising, RCTI+ is targeted to become the largest streaming service in 2020 to complement the company’s strong position in FTA. Other than the live streaming of the 4 FTAs, it provides thousands of famous content library, catch up TV feature, original content like bloopers & behind the scenes, news, audio streaming and other interactive features like quiz, voting, live chat with MNC talents, and audition. UGC features for talent search competition dedicated for RCTI+ and games aggregator is currently under development.
In the next 4 years, digital and content revenues are targeted to represent 50% of the company’s revenue. MNC Investama BHIT
BRIEF SUMMARY PT MNC VISION NETWORKS TBK
PT MNC Vision Networks Tbk or MVN, being part of the media business within MNC Group, went public in July 2019. It has the largest pay TV and broadband network operations through MNC Vision, K Vision, MNC Play and VISION+.
MNC Vision, was partly acquired in 2001 under the brand Indovision and became a wholly owned subsidiary in 2006. It provides the largest Direct to Home or DTH-based pay TV service in Indonesia that dominates more than 90% market share for post-paid services with 2.1million subscribers. MNC Vision has its own satellite launched in 2009 called Indostar II with S-Band technology, which is resistant to weather disturbance in tropical climate. MVN offers more than 130 channels with various genres, of which 30 channels are exclusive on MNC Vision.
In July 2019, MVN acquired K Vision, DTH based pay TV service with Indonesian footprint which serves the middle-income household with prepaid business model. Today, K Vision has the fastest growing subscriber acquisition of more than 200,000 every month making it the largest prepaid DTH company. It sells set top boxes along with top up vouchers consisting of contents with various prices.
In 2014, MVN started its fixed broadband business by rolling out Fiber to the Home (FTTH) technology which offers high-speed internet and IPTV services, under the name MNC Play. Today it has become the third largest broadband company operating in 9 cities with 1.5 million home passes. On top of having its own networks, MNC Play also lease the capacity from various network providers including Icon+, a subsidiary of state-owned electricity company PLN, to provide high-speed internet and IPTV services.
MNC Play has more than 180 channels with more than 50 premium channels with HD quality. It offers Catch Up TV feature to watch up to 7 days back and Timeshift feature to Pause, Play and Rewind, at no additional cost.
Starting the beginning of 2020, MVN launched its new product called Play Box, an Android TV OTT Box which connects to any internet broadband network. Being the strongest in content, we believe this new product will do very well in the market.
The last platform under MVN is VISION+ which is an Over The Top or OTT-based video streaming platform that offers more than 10,000 hours of video-on-demand in short, medium and long formats from various genres and more than 130 linear channels that can be accessed via all devices. It gives a free access to MNC Vision, K Vision, MNC Play and Play Box subscribers for certain content and operates independently as AVOD and SVOD streaming services. Today VISION+ has more than 27 million monthly active users.
Being the largest pay TV and broadband
group, MVN is also the largest in content production. It produces more
than 10 linear channels and VODs with various formats and genres which
differentiate MVN from any other operators. MNC Investama BHIT
BRIEF SUMMARY PT MNC KAPITAL INDONESIA TBK
PT MNC Kapital Indonesia Tbk, known as MNC Kapital was established in 1999 when MNC Group started to separate its Financial Services division to become independent. It went public in 2001 and today has integrated financial services from banking, consumer finance, securities, leasing, general insurance, life insurance, asset management and financial technology.
MNC Bank focuses on full-service banking for SME, consumer, and wholesale banking and has credit card and debit card operations. The Bank currently spends significant resources to become a major player in digital banking, capitalizing on the Group’s strength in technology.
MNC Finance is engaged in consumer financings such as new car and multi-purpose financing and mortgages. As part of improving customer services, MNC Finance has developed a digital application to deliver faster and better credit processing.
MNC Sekuritas, which is the first company established by the Group back in late 1989, provides a complete range of services, from brokerage, margin financing, research, underwriting, and financial advisory services. It has more than 100 retail branches and operates one of the largest online trading services.
MNC Leasing serves corporate customers primarily to finance productive assets in the form of leasing, sale and leaseback, factoring, project financing, infrastructure financing, and other financings.
MNC Insurance provides general insurance services for retail and corporate customers. With 24/7 online customer service and application supports, MNC Insurance strives to provide excellent service for its customers. It currently develops a digital application for a new car insurance product.
MNC Life offers a number of assurance products, including health, accident, and unit link. MNC Life has recently launched its digital-based apps named Hario Apps for education, pension, health, accident and life insurances.
MNC Asset Management manages a variety of investment products for individual and institutional investors, through various mutual funds and discretionary management services. It specializes in equity, fixed income and money market instruments. In the near future, the company will expand into private equity, venture capital, and special situation funds.
MNC Teknologi Nusantara has just launched SPIN, Smart Payment Indonesia, a super apps that connects all MNC Group business units in one financial ecosystem. It provides e-money, e-wallet, digital remittance, and loyalty programs. Adapting the latest technology, SPIN is able to interconnect with other providers’ QR code. Very soon the company will launch its peer to peer lending apps to enter into micro-financing, which can be used as the financing channeling agent for SPIN and MNC Bank.
MNC Kapital has committed itself to
become the front runner in integrated financial services in Indonesia.
It is achievable with the strong ecosystem owned by the group today. MNC Investama BHIT
BRIEF SUMMARY PT MNC LAND TBK
Since becoming part of MNC Group in 2007, MNC Land has grown to become one of the largest Entertainment, Lifestyle Property & Hospitality companies in Indonesia.
Headquartered in Central Jakarta on more than five hectares land, MNC Land currently focuses on the development of its flagship projects, namely MNC Lido City, MNC Bali Resort, and projects in the hospitality industry.
MNC LIDO CITY
MNC Lido City is an integrated lifestyle residential, commercial, entertainment and resort destination area of 3,000 hectares in Lido, Bogor, West Java which is next to the Provinces of DKI Jakarta and Banten, surrounded by a population of more than 70 million people.
Located about 60 kilometers from Jakarta, MNC Lido City can be directly accessed through Bocimi Toll Road in just about 60 minutes from Jakarta.
Set to be a world-class destination, MNC Lido City comprises of a theme park resort, international four-star, five-star, and six-star hotels, luxury villas and condominiums, international standard 18-hole golf course designed by Ernie Els, exclusive residences, retail, dining, entertainment, international circuit, university, movieland, and other supporting facilities.
The presence of the Trump International Resort, Golf Club & Residences Lido will enhance Lido to become an unrivalled exclusive resort.
Lido Lake Resort by MNC Hotel which operates in MNC Lido City is now undergoing an expansion, and the largest outbound facility in South East Asia is also being developed within the resort.
MNC Lido City will become the national pride and Indonesia’s new tourism destination.
MNC BALI RESORT
MNC Land also develops MNC Bali Resort, an integrated resort on more than 100 hectares of land located close to Tanah Lot Temple tourism destination in Tabanan, Bali.
MNC Bali Resort is designed to become the largest and most exclusive integrated resort in Bali featuring Trump International Resort, Golf Club & Residences Bali. The new resort destination will host a six-star hotel, condominiums, exclusive villas, and an international standard golf course designed by Phil Mickelson, along with other supporting facilities.
HOSPITALITY & OTHERS
In the hospitality segment, MNC Land focuses on the development of hotels and resorts, such as Park Hyatt Jakarta, the first and the only Park Hyatt brand in Indonesia, Oakwood Hotel and One East Residence in Surabaya, as well as The Westin Resort Nusa Dua & Bali International Convention Center, which has hosted numerous international events, including Miss World 2013, APEC Summit 2013, and IMF – World Bank Annual Meeting in 2018.
MNC Land also owns a few office buildings and multi-function venues in Jakarta, Surabaya and Bali. Including those managed by MNC Land, the total building areas reach more than 400,000 square meter.
Recently MNC Land expanded into
coworking space in some strategic locations in Jakarta, Surabaya and
Bali. This new concept of office rental will become a new business model
to support the company’s future growth. MNC Investama BHIT
Good Corporate Governance
COMMITMENT ON GCG POLICY IMPLEMENTATION
MNC Group understands the implementation of Good Corporate Governance (GCG) serves as basic needs and foundation in undertaking the Company’s business activity. This commitment consistently upholds the ethics and integrity of the Company’s management aims at sustaining performance improvement, ensuring the fulfillment of stakeholder's rights, as well as enhancing compliance with prevailing laws and regulations.
The Basis for Corporate Governance Implementation
MNC Group is fully committed to implementing GCG principles as the foundation in creating sustainable added value for the interest of shareholders, the public at large, and various other stakeholders (employees, consumers, regulators, business partners, and so forth) for both short- and long-term.
In realizing a comprehensive GCG, MNC Group adopts the applicable best standards in accordance with the principles of Corporate Governance (CG) from the Governance Policy National Committee (KNKG), namely transparency, accountability, responsibility, independence, equality, and fairness.
The implementation of MNC Group GCG is coherently realized from three aspects of the governance system, which are governance structure, governance process and governance outcome aimed at improving investor's trust, protecting the stakeholders’ interests, providing a positive contribution to the financial service industry and market in general.
Governance Framework
The effectiveness of governance implementation can be seen from the adequacy of governance structure and infrastructure to enable outcome from GCG principle process, which meets the stakeholders’ expectations.
Included in the governance structure are the Board of Directors, the Board of Commissioners, Committees, and the Company’s Units. While the governance infrastructure covers policies and procedures, management information systems, and primary duties and functions of each organizational structure.
While the governance process related to the governance implementation, and governance outcome is a result of CG implementation quality.
In accordance with the Company’s Articles of Association, MNC Group Board of Commissioners carries out the oversight function to ensure the conformity of the Company’s management by the Board of Directors with prevailing laws and regulations. While the Board of Directors undertakes management functions professionally and prevents the conflict of interests.
Based on the governance principle, the Company has developed a GCG structure that covers GCG structure and GCG infrastructure in order to implement GCG mechanisms according to applicable regulatory and best practices.
Implementation of CG Principles
As the realization and commitment of MNC Group in implementing comprehensive GCG, the Company implements CG principles in conducting business activities, as follows:
Transparency
Transparency in disclosing material and relevant information related to the Company’s financial and non-financial conditions. The Company realizes this transparency by always striving to pioneer the disclosure of financial and non-financial information, not limited to mandatory information, to various parties with concerns. One of the ways is by conducting Public Expose to meet capital market requirements in order to expose the Company’s performance to shareholders, investors, analysts, and the media.
The Company conducts the disclosure of such information in compliance with applicable laws and regulations and as recommended by CG practice.
The application of this transparency principle does not reduce or waive the Company’s obligation to keep specific confidential information in accordance with applicable laws or regulations or on the basis of business considerations.
Accountability
The clarity of functions, execution, and accountability of each organ and the whole range of the Company, so that the company management can be effectively carried out. The Company believes that accountability relates to the existence of systems that control the relationship between individuals and/or organs in the Company and the relationship between the Company and the parties with concerns. The Company applies the principle of accountability as one solution to overcome differences of individual interests with the Company’s interests and the Company’s interests with the interests of the parties with concerns.
In achieving this accountability, the Company formally specifies details of clear duties and responsibilities for each position taking into account segregation of duties and checks and balance mechanisms. Not only that, the Company strives to provide adequate resources so there will be no overlap of tasks and responsibilities.
Responsibility
It is the conformity in the management of the Company with applicable laws and principles and sound corporate principles. The Company is responsible for complying with applicable laws and regulations, including the provisions pertaining to employment, taxation, business competition, occupational health and safety, and so on. All persons in the Company are also responsible for complying with policies, working procedures and other internal regulations in all work activities. The Company implements responsibility by encouraging all individuals and/or organs of the Company to recognize their rights and obligations, duties and responsibilities and authorities.
Independence
It is a condition of the Company’s professional management without conflict of interest, dominance, and the influence/pressure of any party in contrary to applicable laws and regulations and CG principles. This independence is implemented by always respecting the rights and obligations, duties and responsibilities and authorities of each organ in the Company. The Company believes that by implementing the independence principle optimally, all the Company’s organs can work well and maximally in making the best decisions and management for the Company.
Fairness
It is the application and fulfillment of
the rights of the stakeholders without any distinction of treatment.
The Company guarantees that every interested party shall receive fair
and equal treatment in accordance with prevailing laws and regulations.
In addition, the Company will accept and treat every employee fairly and
free from bias due to differences in ethnicity, religion, origin,
gender, or other matters that have nothing to do with performance. MNC Investama BHIT
Head Office
PT MNC Investama Tbk
MNC Financial Center, 21/F, MNC Center
Jalan Kebon Sirih Kav. 21-27
Jakarta Pusat 10340, Indonesia
Telephone : +6221-29709700
Facsimile : +6221-39836870
Email :
corsec.mnc-corporation@mncgroup.com
ir.bhit@mncgroup.com
MNC Investama BHIT
Company Profile MNC Corporation
