Pt Surya Citra Media Tbk · IDX:SCMA

Pt Surya Citra Media Tbk — Merger or Acquisition (February 2013)

15 slides from Pt Surya Citra Media Tbk's merger presentation, Feb 19, 2013

  1. Slide 1: Investor Presentation: Proposed merger of SCMA and IDKM

    Investor Presentation Proposed merger of PT Surya Citra Media Tbk (“SCMA”) and PT Indosiar Karya Media Tbk (“IDKM”) 19th February 2013 1

  2. Slide 2: Disclaimer

    Disclaimer By reading these presentation slides or attending this presentation, you (the “Recipient”) agree to be bound by the following terms and conditions. These materials have been prepared by PT Surya Citra Media Tbk and PT Indosiar Karya Media Tbk (the “Companies”) and have not been independen

  3. Slide 3: Table of contents

    Table of contents  Summary merger terms………….….……………………………… 4  Post merger group structure……………………………………… 6  Merger rationale………………………………………………………… 7  Indicative timetable……………………………………………………. 8  Recommendation and approvals…..….………………………… 9  Audience share update………………………………………………. 10  Financ

  4. Slide 4: Summary merger terms

    Summary merger terms  The merger proposal recommended to SCMA and IDKM shareholders is that each 1 IDKM share shall be swapped into 0.481 SCMA shares – The ratio is based on the independent appraised values of Rp. 2,171 per share for SCMA and Rp 1,044 per share for IDKM – Based on the closing price

  5. Slide 5: Summary merger terms

    Summary merger terms  Post merger, the market capitalization of SCMA will be Rp. 32,898 billion (USD3,399 million) with an enterprise value of Rp. 32,359 billion (USD 3,343 million), based on the market closing price on 18th February 2013 for SCMA of Rp 2,250 per share Value date 18/2/2013 USD:IDR

  6. Slide 6: Post merger group structure

    Post merger group structure PT Elang Mahkota Teknologi Tbk Public Shareholders (“Emtek”) (Listed on the Indonesian Stock exchange code EMTK) 74.46% 25.54% PT Surya Citra Media Tbk (Listed on the Indonesian Stock Exchange code SCMA) 99.9% 99.9% PT Surya Citra Televisi PT Indosiar Visual Mandiri (“SCT

  7. Slide 7: Clear strategic rationale for merger

    Clear strategic rationale for merger  Strong cash flow generating television business in SCTV matched with growth profile of Indosiar  Increased opportunity to extract synergies from operating two television stations  Streamlined governance arrangements achieved through the merger  The merged en

  8. Slide 8: Indicative transaction timetable

    Indicative transaction timetable 19 February 2013  Announcement date 21 March 2013  Notice of shareholder meeting of IDKM and SCMA 5 April 2013  Shareholders Meeting IDKM and SCMA 24 April 2013  Estimated last trading day for IDKM shares on IDX 1 May 2013  Estimated effective date of merger 8

  9. Slide 9: Recommendation and approvals

    Recommendation and approvals  The board of directors of each of SCMA and IDKM recommend the merger  The merger requires the approval of shareholders of each of SCMA and IDKM at extraordinary general meetings (EGMs) of those companies  Other conditions of the merger are: – Approval of the Indonesi

  10. Slide 10: Combined audience share F2012

    Combined audience share F2012  The combined audience shares (all demographics 5+) for SCTV and Indosiar for F2012 are as detailed below: PRIME TIME ALL TIME (18.00-22.59) NON PRIME TIME SCMA 15.4% 13.6% 16.4% IDKM 9.8% 10.7% 9.3% Total 25.2% 24.3% 25.7% Source AC Nielsen  In January 2013, SCTV ach

  11. Slide 11: Financial results 2012 for SCMA and IDKM

    Financial results 2012 for SCMA and IDKM  The audited financial results for SCMA and IDKM for F2012 are tabled below. SCMA had an improved second half in F2012 and Indosiar continued its substantial improvement on 2011 SCMA Growth on IDKM Growth on Rp millions F2012 F2011 F2012 F2011 Revenue 2,240,

  12. Slide 12: Proforma financial results merged entity F2012

    Proforma financial results merged entity F2012  The proforma financial results for F2012 for SCMA show an EPS of Rp 80 per share SCMA Post Merger* Rp millions Proforma 2012 Revenue 3,277,282 Gross Profit 2,148,313 Gross Profit Margin 65.6% EBITDA 1,645,529 EBITDA Margin 50.2% Net Income 1,170,100 N

  13. Slide 13: Board structure SCMA post merger

    Board structure SCMA post merger  The Board of Commissioner and Directors of SCMA will be restructured post merger as follows: Board of Commissioners President Commissioner Raden Soeyono Vice President Commissioner, Independent Suryani Zaini Commissioner, Independent Glenn M.S. Yusuf Commissioner J

  14. Slide 14: Contact Us

    Contact Us PT Surya Citra Media Tbk PT Indosiar Karya Media Tbk IDX: SCMA IDX: IDKM www.scm.co.id www.indosiar.com Tel: +62 21 2793 5599 Tel: +62 21 567 2222 Fax: +62 21 2793 5598 Fax: +62 21 560 7282 Investor Relations Mr Denny Suriandhi Email: denny.suriandhi@emtek.co.id Telephone: +62 21 7278 206

  15. Slide 15: Thank You

    Thank You 15

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