31 August 2017

VIVA Group Corporate

Presentation

Agenda

Industry Overview

Our Performance

ANTV

tvOne

2

3

4

5

Our Company1

Our Digital6

2

VIVA Corporate Structure, lean and focused on core businesses

3

>175MTV Audience

>70%Content produced

in-house

40MDigital Audience

(PT Visi Media Asia Tbk.)

(PT Intermedia Capital Tbk.)

(PT Cakrawala Andalas Televisi)

(PT Lativi Mediakarya) (PT Viva Media Baru)

Free-To-Air (FTA) TV New media (Online)

#2 Entertainment TV Station in FY2016,

focusing on entertainment content for

families and children.

#1 News and Sport TV

Station for eight consecutive

years focusing on content for

a male audience.

Leading digital multiplatform

portal focusing on news and

lifestyle content.

INDUSTRY

OVERVIEW

Indonesia’s demography: Female, young, rapidly growing middle class

Upper 1 Upper 2 Middle 1 Middle 2 Lower

2016

2017

Social Economic Classification (SEC)

Age

Female

Male

51.1

48.9

51.4

48.6

Female Male

2016 2017

Source: 1 Jan - 31 Aug 2016 & 1 Jan – 31 Aug 2017, Total TV, 11 Cities, Reach 000’s

51.4

48.6

78,4%

5-9 10-14 15-24 25-34 35-44 45-54 55+

2016

2017

2016 Media industry advertising expenditure increased by 53% since

2011, still growing, FTA TV remain as the dominant media platform

6

(USD mn)

Industry Landscapeby Media Partners Asia April 2017

920 1,057 1,176 1,281 1,246 1,345 1,445 1,542 1,635 1,720 1,808 37

66 103

145 195 275

371 483

584 655

723

-

500

1,000

1,500

2,000

2,500

3,000

3,500

2011 2012 2013 2014 2015 2016A 2017F 2018F 2019F 2020F 2021F

FTA Digital (Online/Mobile) Others

60%66% 64%65%66% 62%63%64% 61% 60%60%

2,7292,540

2,336

2,1321,9521,986

1,804

1,6001,389

3,0192,874

VIVA FTA TV stations focused, specific, targeted and successful

Source: AGB Nielsen Media Research 11 cities, index, 01 Jan – 31 Aug 2017

7

MEDIA

ANTV TVONE RCTI GTV MNCTV SCTV IVM TRANS TRANS7 METRO

Male 110

Female 122

5-9 118

10-14 106

15-24

25-34

35-44 117

45-54 107 155

55+ 111 196

Upper 1

Upper 2 105 104

Middle 1 104

Middle 2 108 114

Lower 117

TRANS CORP

Audience Profile by Index

Gender

Age

SEC

Target AudienceVIVA MNC EMTEK

OUR

PERFORMANCE

VIVA is the fastest growing media group by far, increased TV Share by 92%

since 2011, top gainer from 2016 to 2017

9

Source: Nielsen TA All People, 1 Jan - 31 Aug 2016, 1 Jan - 31 Aug 2017

9.810.7 11

15.6 14.9

17.3

18.9

0

5

10

15

20

25

30

35

40

2011 2012 2013 2014 2015 2016 2017

MEDIA GROUP SHARE PERFORMANCE

2011 - 2017

2.7

3.6

5.3

5.7

6.9

9.7

10.9

13.4

15.2

15.6

RTV

NET

GTV

TRANS

TRANS7

MNCTV

IVM

SCTV

ANTV

RCTI

ENTERTAINMENT TV

1.41.41.7

3.7

KOMPASTVINEWSTV

METROTVONE

NEWS TV

2.4 1.0

-1.2

-3.0-04-03-02-0100010203

VIVA SCMA TRANS MNC

TV SHARE GAIN (LOSS) 2016 TO 2017

JAN-AUG 16 16,5 23.3 13.8 33.6

JAN-AUG 17 18,9 24,3 12.6 30.6

# OF TV 2 2 2 4

1,689.9

2,272.7

2,108.7

2,685.7

1,219.61,330.3

-

500

1,000

1,500

2,000

2,500

3,000

2013 2014 2015 2016 1H16 1H17

Moderate 1H17 revenue growth of 9.1% YoY was still more than double growth

of competitors

(IDR bn)

10

Revenue Contribution Prime Time (PT) vs. Non-

Prime Time (NPT)

1H16 1H17

ANTVPT 33.6% 36.4%

NPT 66.4% 63.6%

tvOnePT 34.4% 32.9%

NPT 65.6% 67.1%

Gross Advertising by Sector

1H16 1H17

F&B 42.7% 42.4%

Toiletries 15.4% 15.6%

Healthcare 12.1% 11.8%

Household 6.9% 5.9%

Telco 6.6% 10.8%

Tobacco 5.7% 2.3%

Automotive 1.3% 1.1%

Financials 1.1% 0.8%

Property 0.1% 0.2%

Others 8.1% 9.1%

9.1%

11

(IDR bn)

390.8

708.8 674.0

824.5

354.2 393.0

23.1%

31.2%32.0%

30.7%29.0% 29.5%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

2013 2014 2015 2016 1H16 1H17

PB Cost % to Revenue

VIVA group continues to control PB cost to revenues at 30-34%, PB

cost per hour is half of competitors

PB Cost per Hour VIVA vs. Peers

(IDR mn/hr)1H 2016 1H 2017

VIVA 40.5 45.2

MNCN 84.5 81.6

SCMA 96.4 98.9

Source: IDX, Audit Financial Report

% PB Cost to revenue VIVA vs. Peers

(%) 1H 2016 1H 2017

VIVA 29.0% 29.5%

MNCN 41.4% 39.1%

SCMA 36.0% 35.6%

Source: IDX, Audit Financial Report

Tight cost management softened moderate 1H17 revenue growth, leading to 1%

YoY increase in EBITDA

12

(IDR bn) 1H 2016 1H 2017 Y-o-Y (%)

Revenue 1,219.6 1,330.3 9.1%

PB Cost 354.2 393.0 11.0%

Op Expense 466.5 534.7 14.6%

Depreciation 50.3 48.5 (3.5%)

EBITDA 398.8 402.6 1.0%

EBITDA Margin (%) 32.7% 30.3%

Net Income (Loss) 122.5 243.8 99.1%

Net Margin (%) 10.0% 18.3%

Historical performance provides optimism for future ability to outgrow industry

growth and deliver EBITDA expansion

13

(IDR bn) 2012A 2013A 2014A 2015A 2016A

Revenue 1,253 1,690 2,273 2,109 2,686

Revenue Growth (%) 25.4% 34.9% 34.5% -7.2% 27.4%

PB Cost (429) (391) (709) (674) (825)

Op Expense (498) (645) (698) (806) (1,003)

Depreciation (67) (68) (94) (106) (102)

EBITDA 326 655 866 628 858

EBITDA Margin (%) 26.0% 38.7% 38.1% 29.8% 32.0%

Net Income (Loss) 73 106 173 (482)* 477

Net Margin (%) 5.8% 6.3% 7.6% -22.9% 17.8%

* Net Loss in 2015 was mainly attributed to unrealized forex losses

ANTV

60

70

80

90

100

110

120

130

Jan

201

3

Jan

201

4

Jan

201

5

Jan

201

6

Jan

201

7Fe

b 2

017

Mar

20

17A

pr

201

7M

ay 2

017

Jun

20

17Ju

l 20

17A

ug

201

7

Female Male

ANTV dominant with the female audience

Female ADEX is about 60% of total ADEX in 2015 and is growing in each year

15

Source: AGB Nielsen Media Research, 11 Cities, Index by Month, 1 Jan 2013 – 31 Aug 2017

*) without World Cup 2014, **) 1 Jan 2017 – 31 Aug 2017

INDEX

Year Female Male

2010 95 105

2011 96 104

2012 99 101

2013 102 98

2014* 104 96

2015 111 89

2016 125 75

2017** 122 78

ANTV’s average TV Share in 2017 of 15.2% ranks #2 amongst FTA TV stations,

still continues to be above our target of Top 3

16

Source: AGB Nielsen Media Research, all people, 1 Jan 2001 – 31 Aug 2017

YTD ANTV’s share performance

Sh

are

(%

)

4.54.0

4.6 4.75.4

6.1

5.05.5 5.6

7.2

6.1

6.9 6.7

11.211.4

14.0

15.2

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

RCTI 1.9 15.6

ANTV 1.9 15.2

SCTV 1.7 13.4

IVM 1.3 10.9

MNCTV 1.2 9.7

TRANS7 0.8 6.9

TRANS 0.7 5.7

GTV 0.7 5.3

TVONE 0.5 3.7

NET 0.4 3.6

RTV 0.3 2.7

METRO 0.2 1.7

INEWSTV 0.2 1.4

KOMPASTV 0.2 1.4

At ANTV we treat every daypart as a Prime Time

17

04.00 – 07.29

(KIDS 5-14)

07.30 – 16.29

(ALL PEOPLE)

16.30 – 18.59

(FEMALE)

19.00 – 23.59

(ALL PEOPLE)

24.00 – 25.59

(ALL PEOPLE)

#1

#1

#2

TVS %

INDIAN SERIES SlotJamai Raja, Swaragini, Nakusha, Anandhi,

Madhubala

Evening SlotPesbukers

Prime Time SlotKecil-Kecil Mikir Jadi Manten, Cantik Cantik

Kucing Dapur, Jodoh Wasiat Bapak

Night Time SlotJodoh Wasiat Bapak(Rerun), Nadin , Sinema

Malam

#1

Source: AGB Nielsen Media Research, 11 Cities, 12 Jul – 31 Aug 2017. All People

#2MORNING SlotKecil Kecil Mikir Jadi Manten(Rerun), Cantik Cantik

Kucing Dapur (Rerun)

“The Winning” combination of local and outstanding foreign content

18

DRAMA SERIESPROGRAMS

ENTERTAINMENTPROGRAMS

MORNING CINEMA

NEWS & SPORTPROGRAMS

0.10.20.30.30.3

0.60.6

1.11.2

1.61.71.71.8

2.1

INEWSTV

RTV

METRO

NET

KOMPASTV

GTV

TVONE

TRANS

TRANS7

RCTI

IVM

MNCTV

SCTV

ANTV

0.20.20.20.30.40.50.5

0.70.91.0

1.41.71.7

2.2

RTV

METRO

NET

KOMPASTV

INEWSTV

TRANS

GTV

TVONE

MNCTV

SCTV

IVM

RCTI

TRANS7

ANTV

0.20.20.3

0.70.70.70.8

1.01.01.01.1

1.41.7

2.4

METRO

RTV

NET

KOMPASTV

TVONE

GTV

INEWSTV

TRANS

MNCTV

SCTV

IVM

TRANS7

RCTI

ANTV

0.10.20.20.30.30.40.50.6

0.90.9

1.11.4

1.92.9

INEWSTV

RTV

KOMPASTV

METRO

NET

TVONE

GTV

TRANS

TRANS7

MNCTV

SCTV

IVM

RCTI

ANTV

0.10.10.2

0.40.50.6

0.91.11.21.21.2

1.51.7

2.1

KOMPASTV

INEWSTV

RTV

GTV

METRO

TVONE

TRANS7

IVM

MNCTV

NET

TRANS

SCTV

RCTI

ANTV

0.10.10.20.30.3

0.50.7

0.91.11.21.3

1.52.6

3.3

RTV

INEWSTV

METRO

TRANS

KOMPASTV

NET

TVONE

GTV

MNCTV

TRANS7

SCTV

IVM

RCTI

ANTV

0.20.30.4

0.60.70.70.7

1.31.41.5

2.52.7

3.03.1

RTV

METRO

KOMPASTV

INEWSTV

NET

TRANS7

TVONE

GTV

MNCTV

TRANS

SCTV

RCTI

ANTV

IVM

Meet & Greet Veera

(All People)

Ketemu Uttaran

(All People)

Meet & Greet Lonceng Cinta

(All People)

Meet & Greet Thapki

(All People)

Meet & Greet Baalveer

(All People)

Meet & Greet Gopi

(Female)

Rahasia Hati Cansu & Hazal

(F 25+ Upper)

Bringing the stars closer to the audience develops brand loyalty

19

Mahabharata:Shaheer Sheikh

Jodha Akbar:Ravi Bhatia

Uttaran:Vaishali Thakkar

Jodha Akbar:Ravi Bhatia

Cinta Di Langit Taj Mahal 1 & 2 Roro Jonggrang Malaikat Kecil Dari India

Veera:Bhavesh Balchandani

Harshita Ojha

2017

Building ties with audience by extending stars into local shows

20

ANTV’s signature shows are linked to drama series

21

INDIAN SERIES

Swaragini Kasam Swabhiman Ishqbaaz

Shani Ek Tha Raja Ek Thi Rani Ek Hasina Thi

ANIMATION

New Programs for ANTV 2017

22

ANTV #10 Most Creatives Company 2017

PT CAKRAWALA ANDALAS TELEVISI

(ANTV)

Repositioning the television station to focus

on Female Segment

#1 Most Creative Company (MEDIA)

#10 Most Creative Company

23

TVONE

tvOne #1 News and Sport FTA TV

25

4.1

2.2 1.8 1.7

TVONE METRO INEWS KOMPAS

NEWS TV AUDIENCE SHAREJan—Aug 2017 ; TA 15+UM1, 11 Cities

Source: Nielsen - 11 Cities; Share; 15+ UpperMiddle1; 1 Jan–31 Aug 2017

tvOne #1 for Breaking News “Always”

26

Sumber: Nielsen - 11 Cities; Share; 15+ UpperMiddle1

8.4

4.2 3.6 3.5

Choose Jakarta Leader

Breaking News 16 Apr ‘17

07:00-20:30

8.5

5.14.1

2.4

Ahok Trial Special News

3 Jan ‘17 08:30-09:30

8.8

5.34.4

2.9

Ahok Verdict Breaking News

9 May ‘17 07:00-14:00

10.3

4.53.1 2.9

Bomb in Kampung Melayu

Breaking News 24 May ‘17

22:00-02:30

7.5

4.3 3.8 3.3

Rakyat Memilih Special News

15 Feb ‘17 06:30-23:00

27

tvOne the #1 source for global coverage by International media

tvOne #1 Talk Show Programs to supplement leading news coverage

28

1.3

0.9 0.8 0.7 0.7 0.6 0.6 0.5 0.5 0.5

LA

WY

ER

SC

LU

B -

TV

ON

E

LA

WY

ER

SC

LU

B(R

) -

TV

ON

E

KA

PO

LR

I &

KA

RN

I IL

YA

SB

LA

K-B

LA

-T

VO

NE

AP

A K

AB

AR

IND

ON

ES

IAM

ALA

M -

TV

ON

E

MA

TA

NA

JW

A(F

05)

-M

ET

RO

WA

WA

NC

AR

A K

HU

SU

SK

AR

NI IL

YA

S-

TV

ON

E

SU

AR

AR

AK

YA

T(F

05)

- T

VO

NE

WA

WA

NC

AR

A K

HU

SU

SP

RE

SID

EN

JO

KO

-M

ET

RO

SU

AR

AR

AK

YA

T(F

05)

(R)

- T

VO

NE

DU

A S

ISI -

TV

ON

E

Source: Nielsen; 11 Cities; 15+ Upper Middle 1; 1 Jan—31 Aug 2017

*Excluding Election Program

JESSICA ON MIRNA HOMICIDE

8 Nov ‘16 TVR 4.4 TVS 19.2

11 Oct ‘16 TVR 2.5 TVS 11.4

AFTER AHOK APPLOGIES…

AFTER “411 RALLIES”

4 Oct ‘16 TVR 2.8 TVS 14.3

KANJENG DIMAS

2 Feb ‘16 TVR 2.3 TVS 11.2

tvOne #1 Fight Sport Programs

2.70

2.92

2.72

Season1

Season2

Season3

Season 1: 9 Apr-28 May ’16,

Season 2: 10 Sep-17 Oct ’16,

Season 3: Feb-Apr ‘17

TOP WORLD BOXING LIVE

(AUDIENCE SHARE)

ONE PRIDE MMA

(MILLION REACH*)

One Pride Audition

29

* Total Individuals

17.7

15.6

11.8 11.2 10.8

15.5

Pacquiao vsVargas

06/11/2016

Ward vsBarrera

27/03/2016

Wilder vsSzpilka

17/01/2016

Garcia vsGuerrero

24/01/2016

Mosley vsAvanesyan29/05/2016

Mayweathervs

McGregor27/08/2017

Strengthening content offering with game changing domestic soccer

league that is generating TVS of 7.8

LIGA 1

203LIGA 2

58 261ALL MATCH

TVR TVS

Liga 1 & Liga 2 1.4 7.8

OUR DIGITAL

Viva.co.id Portal generated 116 Mio Monthly (avg) Pageviews and

15 Mio Monthly (avg) Unique Visitors

39 MIOVisits

02:48

average time/

visit

2.87

Page views/

visit

15 MIOUnique Visitors

116 MIOPage Views

11 MIODesktop Site

Visit

23 MIOMobile Site

Visit

5 MIOMobile App

Visit

Source: Google Analytics, 1 January – 31 Aug 201732

Over 26 million social media followers

33

83.7K

likes

538.9K

followers

135.9 K

subscribers

4.0 M

followers

924 K

followers

3.4 K

followers

11.2K

followers

835.0 K

likes

149.5 K

followers

117.0 K

subscribers

9.0 M

followers

1.5 M

followers

5.7 M

likes

5.9 M

followers

118.3 K

followers

26.4 K

subscribers

1.3 K

subscribers

*All Social Media Data as of 31 Augt 2017

Launching new channels and microsites constantly evolving

34

WebPlatform

Mobile WebPlatform

MobileApplication

APPENDIX

Summary P&L (Rp bn) 2011 2012 2013 2014 2015 2016

Revenue 999 1,253 1,690 2,273 2,109 2,686

Growth (%) 11.9% 25.4% 34.9% 34.5% -7.2% 27.4%

Programming and Broadcasting Cost (282) (429) (391) (709) (674) (825)

Growth (%) -18% 52% -9% 81% -5% 22%

G&A Expense (482) (498) (645) (698) (806) (1,003)

EBIT 152 259 587 772 523 757

EBIT Growth (%) 70.0% 126.7% 31.5% -32.3% 44.8%

Depreciation (82) (67) (68) (94) (106) (102)

EBITDA 235 326 655 866 628 858

EBITDA Growth (%) 66.0% 38.7% 100.9% 32.3% -27.5% 36.6%

EBITDA Margin (%) 23.5% 26.0% 38.7% 38.1% 29.8% 32.0%

Non-Operating Income (Expenses) (111) (75) (344) (397) (869) (113)

Net Income Before Taxes 42 184 243 375 (346) 644

Net Income (loss) After Taxes 26 73 106 173 (482) 477

Net Income (Loss) Growth (%) 619.5% 177.2% 45.1% 64.0% N/A N/A

Net Income (Loss) Margin (%) 2.6% 5.8% 6.3% 7.6% N/A 17.8%

Media penetration, TV & internet simultaneous consumption

93%, our strategy is to operate in both platforms

Simultaneous Media Consumption 20142012

45%

20%

9%

Source: AGB Nielsen Media Research

93%

2016

130 %(est)

Indonesia is the sleeping giant for digital media!

Source: Effective Measure, Daily Social id, Indonesia TMT Updates, Statista

*) Monthly unique user

Smartphone PenetrationMobile Penetration Internet User

87.5M Users(2017 est)

18.9M Users(2017 est)

28M Users(2016)

60M Users*(2017 est)

28 %

Mobile Phones Laptop & Desktops

*) Based on each device’s share of total web pages served to web browsers.

Tablets

39

2 %70 %Share of Web Page Views*

2015

129 %

2016

54 %(est)

2015

28.2 %

2016

105 M

2015

88.1 M