Established in late 1989, PT MNC Investama Tbk or better known as MNC Corporation began in the financial service industry as a brokerage house. Through organic and non-organic growth, the company has evolved to become Indonesia's leading investment group. It went public on the Indonesian Stock Exchange in 1997. Under the leadership of its founder and Group CEO, Hary Tanoesoedibjo, MNC Corporation today focuses on 3 strategic investments, Media, Financial Services and Property and portfolio investments.
Operated under its subsidiary PT Global Mediacom Tbk, or known as MNC Media, the group owns the largest and the most integrated media in South East Asia, with a portfolio of free to air TV stations, Pay TV platforms and online business.
In advertising and content related business under MNC Tbk or known as MNC, the group owns three national free to air stations which control a dominant audience share in various demographics. Being the largest TV station in Indonesia, RCTI specializes in family drama series and major entertainment and reality programs. Some major programs produced by RCTI include Indonesian Idol, Master Chef, X Factor and Rising Star. MNCTV focuses on variety shows, traditional type of drama and live sports. And Global TV entertains kids and young adults with hollywood movies and cartoons.
MNC also owns Sindo TV, the largest regional TV network, comprising over 45 local TV stations across the country with focus on news, features and sport programs. MNC also owns and operates 19 Pay TV channels under the MNC family brand and has the largest content library of more than 140,000 hours, increasing by between 10,000 to 15,000 hours every year generated from in house production. Sindo TV network and Pay TV channels will become an important source of future growth for MNC Media.
MNC also produces animated series program and under its subsidiary MNC Pictures produces drama series, film television (FTV's) as well as movies. To support its in-house production, MNC owns talent management company, Star Media Nusantara, which currently manages around 200 artists.
With MNC Sky Vision, MNC Media has built the largest Pay TV platform in Indonesia. Over 2.5 million subscribers give Skyvision a 70% market share. It offers the largest number of exclusive channels with its owned satellite. We believe in Its huge growth potential due to the low Pay TV market penetration of less than 10% in Indonesia.
To support Skyvision, MNC Media is rolling out fiber optics under the brand PlayMedia, which currently covers 7 cities and one million homes.
PlayMedia offers the fastest high speed internet service ranging from 7 mbps to 200 mbps. Its IPTV service has the most extensive features such as video on demand, various HD channels, TV on demand and time shift feature which is unique and available only on PlayMedia platform. Skyvision dan PlayMedia are co-ordinated to complement each other and shall become a leading force in Pay TV and broadband technology in the country.
With the rapid growth in the internet industry, MNC Media developed its online business through a JV with Tencent on social media platform called WeChat. WeChat has grown and become among the largest social media in the country today.
While Okezone, a web portal and soon will be upgraded to become a search engine has been increasingly popular with over 2 million unique visitors per day.
MNC Media through its overseas subsidiary, MNC Media Investment or MMI, achieved tremendous success with its investment in Letang based in Hefei, China which produces and operates online and mobile games. Through various games like Boonie Bear and Armour Hero, unique downloads reach almost 200 million in 2014 and are expected to double in 2015.
MNC Media is a window of media industry in Indonesia. Despites the largest, it has various solid media businesses from free to air televisions, contents, channels, Pay TV, broadband and online businesses. With the low market penetration, MNC Media is expected to grow rapidly in the future and will become a dominant force in Asia.
Through MNC Kapital Indonesia Tbk or better known as MNC Financial Services, the group has a strong commitment in providing a complete range of financial products and services mainly to the consumer sector to capitalize on Indonesia's large population base and rising middle class income. With a yearly economic growth of at least 5 to 6 %, low penetration, young population and abundant natural resources will ensure a sustainable strong growth in the financial sector and other consumer related industries.
MNC Life, the group's life insurance unit, offers a wide range of protection covering the traditional life and health insurance products as well as wealth accumulation and unit link products in co-operation with MNC Asset Management.
MNC Insurance provides a diverse range of innovative general insurance products targeting retail dam corporate clients.
MNC Finance focuses on consumer financing with the majority portfolio in secondary mortgage and second hand cars.
MNC Leasing, the newest member with the financial service group focuses on corporate clients with leasing services, both operating and financial lease including factoring.
MNC Securities, where the group started the business in late 1989, provides equity and fixed income brokerage, online brokerage services, investment banking and financial advisory services as well as research.
The company today ranks among the top domestic securities in terms of the transaction turnover and offers margin financing for its clients who actively trade in the capital market.
MNC Asset Management, awarded a 5 star rating from Morning Star and received numerous awards for its consistently good performance across its mutual funds. Its services include a wide range of domestic mutual funds with different risk profile, offshore funds, private equity and unit link asset management in co-operation with MNC Life.
MNC Bank, which became part of MNC Group recently, will play a leading role in growing the overall group financial business. The bank will target both corporate and consumer market in mobilizing third party funds and lending. Despites synergies with the other members of the group, MNC Bank will focus on transactions based banking, including credit card, remittance, cash management, payrolls and many others. Aimed to be "the bank of the future", MNC bank plans to develop the most advance systems in online banking.
With the inclusion of a bank, MNC Financial Services will become an important part in the overall MNC Corporation businesses. It can offer all kinds of financial products and services with no exception. Trust and credibility are our culture. The group is committed to allocating its resources, financial and human resources, media promotion and synergies with the other subsidiaries within the group to speed up its future growth.
In a relatively short period of time, MNC Land has grown to become one of the largest property groups in Indonesia. In 2013 MNC land acquired Lido resort located in Bogor, 65 km from the Central Jakarta, which will be developed as a lifestyle and entertainment property complex. With a 2000 hectare site, Lido will become an integrated themepark resort to include the development of an outdoor and indoor themepark, waterpark, five star convention and resort hotel by Grand Hyatt and other branded hotel chains, high end resort villas and residential complex, golf estates, wellness valley, factory outlets and many others. The Lido resort is surrounded by 3 provinces, namely West Java, Banten dan Jakarta with over 60 million populations. With the completion of Bocimi toll road currently being developed by the group, it takes only 60 to 90 minutes to reach Lido by land transport.
MNC Land also owns some resort hotels and convention in Bali. One is the Westin convention and resort hotel in Nusa Dua Bali. The company also owns Bali Nirwana Resort, a hotel and golf course designed by Greg Norman located at Tanah Lot, Tabanan, Bali with a land area of over 100 hectares. The resort is currently being redesigned to become the most integrated and luxurious resort in Bali by building the highest high end resort destination in Bali and Bellagio resort hotels, amphitheatre, high end villas and market, wellness and beauty treatment complex, golf course, clubs and other supporting facilities.
The last unit in MNC Land is the general property development, investment and management. MNC land currently owns and develops several office buildings, apartments and hotels in the prime area of Jakarta and Surabaya such as Park Hyatt Hotel in Jakarta and Oakwood Residence in Surabaya. It has a significant investment in Plaza Indonesia Tbk, Jakarta, which includes the Grand Hyatt hotel, Keraton Luxury Collection Hotel and its surrounding properties.
The last business operated by MNC Corporation is portfolio investment. The investment objective is purely financial gain with the expected return above 15% per annum. Today the group has investments in transport and toll roads, coal mines and coal terminals.
We strongly believe that the three strategic businesses in MNC Corporation offer enormous growth potential due to its strong management team, strong capital base the group has committed and the favorable demographic and economic condition of Indonesia particularly in the consumer related sectors. In less than 20 years from today, Indonesia is projected to rank within 5 largest economies in the world, and a business group like MNC should benefit significantly from this situation.
MNC Corporation, a group you can trust and rely on. We manage with vision, quality and speed.