Public Expose
Full Year 2014
PT Graha Layar Prima Tbk

Section 1: Introduction to PT Graha Layar Prima Tbk
Section 2: Indonesia’s movie theatre industry
Section 3: Detailed company overview
Section 4: GLP business plan
Section 5: Financial overview

Section 1: Introduction to PT Graha Layar Prima Tbk
Section 2: Indonesia’s movie theatre industry
Section 3: Detailed company overview
Section 4: GLP business plan
Section 5: Financial overview

Company Overview –PT Graha Layar Prima Tbk (“GLP”)"Movies and Beyond"

Robust Growth Embrace the concept of one-stop 12 locations with over 17,000

seats in 8 years
 3-year CAGR of 30%* forrevenues since 2011

entertainment hub
 World-class theatres
 Game center (X-rider) Merchandise shops

Trend Setter Differentiate with leading

Impact Maker
 Provide customers withtechnology and trends
 4DX
 Sphere-X screen
 Velvet, Satin and Gold classdifferent choices
 Contributed to a recovery of
the cinema industry, postmonopoly era

Vision To be the first choice for

unforgettable cinematic
experiences*Including Blitztheater (franchise)

Strong Values
 Excellence

Mission Provide unforgettableentertainment experiences
through a combination ofexceptional products andservices Teamwork
 Innovation

Group Structure
PT Layar
Persada48.24%IKT Holdings
Limited14.75%CJ CGV Co.
LtdPT Pangea Adi
Benua

PT Catur
Kusuma Abadi
Jaya

0.16%

0.05%

14.75%PT Graha Layar Prima Tbk
99.82%PT Graha Layar Mitra

Public22.04%

Organizational Structure
BOARD OFCOMMISSIONERS
Audit Committee
BOARD OF DIRECTORS
President Director

Corporate
Secretary

Director of FinanceInternal Audit Unit

Director of Marketing& Operations

Structural reporting line
Coordination lineDirector of Business
Development

Director of Public
Relations & HumanResourcesWe have a solid team of directors andcommissioners to lead us
Bratanata Perdana
President Commissioner
Mr. Perdana is a Partner at Singapore-based Quvat Management,
having previously held the position of CFO of PT Adaro. Mr.
Perdana graduated from the University of Seattle with a Master ofBusiness Administration.

H. Rosihan Arsyad
Independent Commissioner
Mr. Rosihan Arsyad was the former Governor of South Sumatra.
He currently holds the position of President of United in Diversity
Forum and President Commissioner of PT Softex Indonesia.

Bernard Kent Sondakh
President Director
Prior to his position as President Director of PT GLP Tbk., Mr.
Sondakh was Indonesia Navy’s Chief of Staff from 2002 to 2005.
Mr. Sondakh graduated from the Naval College in 1970.

Jong Kil Lim
Director of Marketing and Operations
Mr. Lim brings with him expertise in the cinema industry having
been the President Director of Global Business Division of CJ CGV
Co. Ltd and President Director of CJ CGV China Co. Ltd for 7years. Mr. Lim is a graduate of Korea University.

Yong Sook Kwon
Director of Business Development
Mr. Yong has been with the Company since 2014. He has also
served as an Associate at Jipyong, Corporate Team, Seoul, Korea
since 2006. He has extensive experience in law and received hisMaster in Law from Boston University, School of Law in 2011.

Johan Yudha Santosa
Director of Finance
Mr. Santosa is also the Commissioner for PT Premier Qualitas
Indonesia and PT Cardig Air. Prior to his directorship position inGLP, Mr. Santosa has extensive experience in capital markets,
financial services, and logistics industries. Mr. Santosa received
his Accounting degree from Universitas Brawijaya.

Ferdiana Yulia Sunardi
Director of Public Relations & Human Resources
Mrs. Sunardi has been with the Company since 2006, and served the directorship
position since 2013. Beforehand, she was the Marketing Director and Head of Sales forthe Company. Mrs. Sunardi graduated from University of Amsterdam in 2003.

Blitz has an established presence in Indonesia
Blitz has 9 Blitzmegaplexes and 3 Blitztheaters across Java, Sumatra, and Kalimantan
1. Paris Van Java – BDG

2. Grand Indonesia – JKT

3. Pacific Place – JKT

4. Mall Of Indonesia – JKT

5. Teraskota Mall – TG

6. Central Park – JKT

7. Bekasi Cyber Park – BKS

8. Plaza Balikpapan – BPN

9. Kepri Mall – BTM

10. Grand Galaxy Park – BKS

11. Harbour Bay – BTM

12. Mikko Mall - BDG

Section 1: Introduction to PT Graha Layar Prima Tbk
Section 2: Indonesia’s movie theatre industry
Section 3: Detailed company overview
Section 4: GLP business plan
Section 5: Financial overview

Indonesia has an underpenetrated cinema
market compared to its peer countries
Admission per head in Indonesia is way below othercountries…

…caused by the low number of screens(per million people)
37.5

3.97
25.7
1.940.23

0.35

Indonesia

China

Indonesia has
high growthpotential andremains
underserved

0.36

2.21

0.80

Thailand Philippines Malaysia

2.9India

Population (mn)Nominal GDP (US$bn)
Nominal per Capita GDP (US$)
Mobile Subscribers (mn)
Mobile Penetration
Box Office Market (US$mn)
No. of Screens
Population per Screen (‘000)
Admissions (mn)Average Admission Price (US$)

Singapore
Indonesia
250
868
3,475
303
121%
156722
345
55
2.82

8.8

10.7

India

China

Malaysia
30312
10,51442141%
1977543957
3.46

Singapore
5297
55,1828148%
14820027217.01

7.3

Indonesia Philippines
Thailand
67
387
5,779
92137%
1198467925
4.78

Philippines
98
272
2,765
103
105%
163
700
13776
2.15

12.3

Thailand Malaysia Singapore
India
1,252
1,876
1,499
886
71%
1,594
11,065
114
2,780
0.57

Source: Screen Digest (2013), World Bank report (2013). Current number of screens in Indonesia (as of late 2014) has likely increased to 800+.

China
1,357
9,240
6,807
1,229
91%
2,705
14,48293470
5.76

Cinemas are concentrated in large cities in Java;
smaller cities and provinces are underserved
Only 34 out of the 80 largest cities have major cinema chains;
11 provinces do not have major cinema chains at allJava
Population# of Cinema

137 million
120+ cinema

MedanSumatra
Population# of Cinema

Batam

1 Cinema
2 Cinemas
3 Cinemas
4 Cinemas
5 Cinemas
6 Cinemas
7 Cinemas
9 Cinemas
11 Cinemas
53 Cinemas

51 million
19+ cinema

Samarinda
Kalimantan
Palembang
Balikpapan
Tangerang
JakartaBekasi
Depok
Bogor

Population# of Cinema

14 million
8+ cinema

Sulawesi
Semarang

Makassar

SurabayaBandung
YogyakartaSolo Malang
Source: Web research (November 2014). We took conservative estimates of the number of cinemas of three key players.

Population# of Cinema

17 million
7+ cinemaHowever, country demographics paint a
promising picture of the future
GDP per capita has expanded, providing moredisposable income and driving consumption…

Population Age Composition

Real GDP per capita$USD thousands
4.5
3.0…supported by a young population below the ageof 30

2.0 2.1 2.2 2.2 2.3

2.4 2.6

3.1 3.2
2.7 2.8 2.9

3.4

0-29

17.2%

30-49
50 and above

1.5

29.5%

53.3%2001 02030405

Indonesia’s consumer
sector is poised to grow,creating a potentiallylarge market for theCinema Industry

060708091011

Source: Business Monitor International, World Bank

12 2013

millions
160Middle Affluent Class (MAC)* Population
141120
80

1774

55523

1240
0

MAC
Greater
Rest ofSumatra Kalimantan Sulawesi
Rest ofMAC
Population Jakarta
JavaIndonesia Population(2012)(2020)
Source: BCG‘s 2013 Report – Asia‘s Next Big Opportunity: Indonesia‘s Rising Middle-Class and Affluent Consumers* Middle Affluent Class has monthly household expenditures of over Rp.2 million*

Section 1: Introduction to PT Graha Layar Prima Tbk
Section 2: Indonesia’s movie theatre industry
Section 3: Detailed company overview
Section 4: GLP business plan
Section 5: Financial overview

Blitz will focus on expanding the Blitzmegaplex
brand
The 2 main brands – Blitzmegaplex and Blitztheater – allow for maximum flexibility in expansion

Ownership

100% owned by PT GLPJoint Operation with mall ownerLocations

9 locations as of May 2015

3 locations as of May 2015

Operational PracticeAll business activities are under PT GLPPT GLP provides know-how, supervisionand leverage its network to mall owner

Financial PracticePT GLP bears all costs for Capex andWorking Capital

PT GLP receives certain royalties / feesfrom mall owner; mall owner bears allCapex and Working CapitalBlitz has ramped up its presence since 2006
2007

2006

2008

2009

2010

2011

2012

2013

2014

PVJGI

PPMOI

TK

CP

BCP

BPN2

BTM

GXY

HBMIKO

Screens

111

11

8

10

9

10

9

6

4

4

4

7

Cumulative
screens

11

22

30

40

49

59

68

74

78

82

86

93

2,297 2,989 1,116 1,890

1,720

1,925

1,628

929642642632

1,276

Seats

Cumulative
2,297 5,286 6,402 8,292 10,012 11,937 13,565 14,494 15,136 15,778 16,410 17,686
seats
Relaunch of New Blitzcard
Improved Area
Loyalty card to purchase tickets
Efficiency
Examples of
online and at an Automatic Ticket
After successfully
RecentMachine (BCM/BTM), with extra
building the most
Operational
benefit of reward points andefficient Blitz cinema at
Improvement
flexibility of using three different
BCP, Blitz continuouslyInitiatives
payment methods: cash, debit, androlls out area efficiency
credit cardinitiatives at other sites
1 At its opening in 2006, PVJ featured 9 screens. In November 2013, PVJ opened 2 additional velvet auditoriums.
2 Plaza Balikpapan (BPN) site was first opened as Blitztheater, then converted into Blitzmegaplex since February 2015
Introduced Blitztheater
A joint venture cinema
between PT GLP and local
mall owners. The latest
Blitztheater site openedin January 2014 atHarbour Bay – Batam

Enhanced Combo Menu
Assortment
Introduced new combo
menu with wider range ofselection and a better pricebenefit for customers

Blitz provides innovative and high quality
experiences to consumers
The Blitz Difference• Largest screens in Indonesia• Up to 11 screens per location• Stadium seating for unobstructed view
• THX-certified state-of-the-art audio system• Wide range of movies• Other features include: event hosting andmerchandise store

Standard Class• Range from 128 – 535
comfortable seats perauditorium• Dolby cinema system in each
auditorium• 3 auditoriums with over 500
seats each, available at Grand
Indonesia and Mall of Indonesia

Satin ClassVelvet Class• 3 Satin class auditoriums, eachwith 52 reclining seats• Satin Lounge and exclusive
ticket box• Available at Grand Indonesia,
Mall of Indonesia, andBalikpapan• 9 Velvet class auditoriums,
each with 34-42 luxury sofabeds, fluffy pillows, and warmand cozy blankets• Available at Pacific Place, Mallof Indonesia, Central Park,
Grand Indonesia, and Paris Van
JavaThe latest innovations from Blitz
Sweet Box4DXGold Class• Mini red sofa with no armrests for added
comfort when watching movies. Cateredto customers’ needs for spacious seats(e.g., for couples, mothers and kids)• Located at the back row of each
auditorium• Available at Harbour Bay and Miko Mall

• A four-dimensional film experience forthe first time in history• Special effects such as wind, fragrances,
water, and moving chairs make patrons
feel like they are part of the action• Available at Mall of Indonesia, Grand
Indonesia, Central Park and Paris Van
Java• Premium reclining seat with personal
remote control, accompanied by callbutton for food & beverages order• Wall-to-wall screen offers a wider viewingexperience• Gold lounge and exclusive ticket box• One 70-seat auditorium available at GrandIndonesia

Our initiatives attract new customers andreward loyal ones
Almost a half of a million blitzCard holders, of which the vast majority are regular users;
blitzCard accounts for approximately one out of four ticket purchases
1. blitzCard• Loyalty card that can be used for all transactions at Blitz,
re-launched in May 2014
• Benefits include online purchase, no queuing, discountat other merchants and reward points that can beexchanged for snacks, beverages and movie tickets
2. Bank Promotion• Customers get special discounts such as buy-1-get-1-free
and up to 50% discount on movie tickets
3. Others• Other promotional activities that target specificlocations and specific market, such as: Saving on
Tuesday, Student Promotion, Residential Promotion,
Family Movie Time, etc

Blitz CSR: our way of giving back to the movie
community
Toto’s Film Making Class

Watching Movie Together (NOBAR)
with 1000 Special Needs Children• Participants of local students are guided byexperienced mentors about the end-to-end
process of film making, and are also given
the opportunity to attend film seminars andfestivals• Held in collaboration with CJ CGV and KOICA(Korea International Cooperation Agency)• Eight workshops will be held in Jakarta andBandung over a two-year period (2014 –2016)• 1,000 children with special needs watchedmovie “I AM STAR” in Blitz Mall ofIndonesia on December 3, 2014
• Held in cooperation with Dinas Sosial North
Jakarta to commemorate the International
Disability Day• Blitz received an award from theIndonesian Record Museum (MURI) for thisevent as a party that provided a venue for
1,000 children with special needsFilm Festivals• Toto’s Film Festival (September 2015)• Thai Film Festival (12 – 14 September 2014)• Korea Indonesia Movie Festival(23 – 28 October 2014)• Korea ASEAN Cinema Weekend(7-9 November 2014)• JiFFest 2014 World Cinema(15 November 2014)

Blitz also takes part in promoting Indonesianmovies
Blitz Arthouse - The House of Indonesian Movies• Blitz dedicates a special auditorium in PacificPlace Jakarta, with a capacity of 128 seats, toscreen Indonesian films from diverse genres (newmovies, award winning movies, documentaries,short movies)• Also includes Cinema Talk program, a discussion
forum among film makers, actors, and wider
movie communities• Launched in January 2015

Section 1: Introduction to PT Graha Layar Prima Tbk
Section 2: Indonesia’s movie theatre industry
Section 3: Detailed company overview
Section 4: GLP business plan
Section 5: Financial overview

Our business performance is highly dependent
on movie contents and their release time
Hollywood films accounted for 61%1 of total
admissions in 2014

December accounted for 19%1 of total admissions in2014, driven by the success of “Doraemon” movie

Admissions by Content (2014)

Admissions by Month (2014)

70%

25%

61.3%
60%

19%

20%

50%
15%

40%
30%

28.0%

10%

10%

6%

20%

10.5%

5%

10%
0.2%

0.1%

Film FestivalBritishPremier
League0%0%Hollywood IndependentLocal

1 Based on full year 2014 admissions of 6.8 million

5% 6%

9%

9%
7%

8% 7%
7%

7%

Higher rental prices and a new competitor may
increase Blitz’s challenges in securing future sites
Rents are increasing in prime areas

Competition will intensify with a new player inthe market

Asking Base Rental Rate in Jakarta,
Based on Mall Grade (per m2 per month)• The recent entry of new player that isstrongly supported by a property
conglomerate, will bring challenges insecuring potential sites

Source: Colliers international – research and forecast reports Jakarta (Q4 2014)

In 2015, Blitz will “raise the bar” in Indonesia’s
cinema industry by introducing Sphere-X
The world’s first installed Sphere-X, in collaboration with CGV• All round curved screen, providing the mostimmersive viewing environment through theevolution of 3S (Screen, Sound, Seat)• Realization of wall to wall screen• Use Sky 3D Sound system, enabling surroundsound from both sides to spread all the way tothe ceiling and then fall back
• Capacity of 500 seats, available at Grand
Indonesia by end of July 2015

We also develop value-added initiatives
Through relationships with distributors, Blitz is expanding its portfolio to include alternate contents
Independent Movies• Blitz also screens other contents such
as Japanese, Korean, Thai, and Hindi
moviesConcerts and Sports• Blitz began screening concerts in 2011
• Screened the World Cup in 2010 andBarclays Premier League in 2014

Blitz will continue to solidify its presence inIndonesia…
... through further site expansion...

• Build additional sites in key markets
including Jakarta, Bandung, Surabaya,and Yogyakarta• Further expand to potential 2nd and 3rdtier cities such as Cirebon and Karawang... and enhancements in current sites• Establish Grand Indonesia as GLP’s
flagship theatre by upgrading auditorium
to the latest technology (4DX andSphere-X) and enhancing its supporting
facilities• Improve area efficiency of current sites

Section 1: Introduction to PT Graha Layar Prima TbkSection 2: Indonesia’s movie theatre industry
Section 3: Detailed company overview
Section 4: GLP business plan
Section 5: Financial overview

Blitz has enjoyed robust revenue and admissions
growth over the past 3 years
Compound annual revenue growth of 30%*
over the past three years
IDR billions

Thousands (‘000)

333

350

301

300

62250

223

200
150
100
50Admissions have shown similarly strong
growth

44150
22
3136
72

59

48

Box Office

5,000

3,000
225

131

2012

817

2,000
1,000

2013
Concession*Including Blitztheater (franchise)

65353

4,00002011

5,643

6,000

4,266

180
976,8497,000

2014
Others-465
944

1,280
111
604

Blitztheater

938

BCP

714

2,996

802

192
555
391
474
167
611

513

742

844

605

827

917

955

2011

2012

2013

2014

686
277

615
744
297

MIKO
CP
TK

850

MOI

343

PP

1054

GI
PVJ

Consolidated* historical financials – incomestatement
High compound annual revenue growth of 30% since 2011 in a still underpenetrated market
indicates robust growth potential for the future
IDR mm2011

2012

2013

2014

Q1 2014

Q1 2015

Net revenue

150,076

223,324

300,948

332,577

57,431

69,463Gross profit

91,418

136,572

184,282186,027

30,53043,359EBIT(76,609)(31,669)(9,263)(50,681)(15,638)(17,725)

Net income

8,714

115,381(12,223)(31,754)(18,097)(12,171)*Including Blitztheater (franchise)Consolidated* historical financials – balance sheet
IDR mm

2011

2012

2013

2014

Q1 2015

Current assets

63,84173,519341,044

320,974

267,292

Non-Current assets

355,744286,698

294,091

334,375

386,484

Total assets

419,585

360,217635,135

655,349

653,776

Current liabilities

247,938

62,376597,476

132,037

142,120

Non-Current liabilities

778,045788,857

6,636

8,684

6,923

Total liabilities

1,025,983

851,233

604,112140,721

149,043

Total equity and MI(606,397)(491,016)

31,023514,629504,733

Total liabilities & equity

419,585

360,217635,135

655,349

653,776*Including Blitztheater (franchise)
Note: as of September 2014, Blitz has no debt

Terima Kasih
Disclaimer: The information contained in this document is intended only
for use during the presentation and should not be disseminated ordistributed to parties outside the presentation. All projections are basedon estimation, the realization thereof may deviate from the projection.
PT Graha Layar Prima Tbk. accepts no liability whatsoever with respect tothe use of this document or its contents.