INVESTOR UPDATE PERFORMANCE REVIEW: Q1 FY15

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1 INVESTOR UPDATE PERFORMANCE REVIEW: Q1 FY15 Aug 12,

2 Presentation Path Financial Review Business Review Strategic Direction Investors Contact 2

3 Financial Review 3

4 Condensed Statement Of Operations Standalone (Rs. Million) Q1FY15 %age of Total Income Q1FY14 %age of Total Income Growth (%) Income from Operations % % 8.2% Other Operating Income % % 273.1% Total Income % % 9.4% Operating Expenditure % % 5.5% EBITDA % % 16.7% Depreciation % % 15.6% Amortisation % % 0.7% EBIT % % 20.8% Finance Income % % 35.8% Profit Before Tax (PBT) % % 23.7% Taxation % % 28.2% Profit After Tax (PAT) % % 22.0% 4

5 Financial Performance Q1FY15 (All comparisons with corresponding period of previous year) Retained market leadership with approximately 33%-35% share of private FM radio industry Volumes, ER & multiple income streams drive revenues Increase in depreciation due to revision of useful life of assets as per Companies Act, 2013 The tax charge of Rs.95.3 million includes deferred tax charge of Rs.24.0 million Free cash as on June 30, 2014 Rs.4,639.0 million Total cash generation Rs million 5

6 Condensed Statement Of Operations Consolidated (Rs. Million) Q1FY15 %age of Total Income Q1FY14 %age of Total Income Growth (%) Income from Operations % % 8.2% Other Operating Income % % 273.1% Total Income % % 9.4% Operating Expenditure % % 5.4% EBITDA % % 16.8% Depreciation % % 15.6% Amortisation % % 0.5% EBIT % % 20.9% Finance Income % % 32.5% Profit Before Tax (PBT) % % 23.2% Taxation % % 28.3% Profit After Tax (PAT) % % 21.3% 6

7 Business Review 7

8 M & E Industry Revenue Estimates (INR Bn) TV Print Radio OOH Internet advertising E 2015 E 2016 E 2017 E 2018 E FM Radio revenues expected to more than double by 2018 Source: Industry Sources; KPMG India FICCI report March

9 Radio expected to outgrow traditional ad media CAGR ( ) 30.0% 27.7% 25.0% 20.0% 18.1% 15.0% 10.0% 13.2% 11.0% 9.2% CAGR 5.0% 0.0% TV Print Radio OOH Internet advertising Source: Industry Sources; KPMG India FICCI report March 2014 Higher growth led by Phase III expansion 9

10 Key Operating Highlights As per the last Indian Readership Survey (IRS), Radio Mirchi is a clear leader with #1 position in 22 out of the 32 markets in which it operates Successfully executed 6 th edition of Spell Bee Launched 2 nd TV property, Mirchi Top 20 Online music station Pehla Nasha (Bollywood music of 90s) launched on taking portfolio of online stations to 10 MMA Hindi 6 th edition won 2 gold awards the Best Integrated Social Media Campaign at CMO Asia Awards (Singapore) & Best Website in Entertainment Category at Digital Marketing Awards 2014 (Chennai) Increasing presence & buzz of Radio Mirchi across social media viz. Youtube, Twitter & Facebook The Company has transformed from a pure radio company to a media agnostic solutions company which will develop multi-media solutions for clients 10

11 Strategic Direction 11

12 Strategic Direction Expand our footprint in radio broadcasting Margin growth in existing stations Grow radio listenership Horizontal Expansion - Additional licenses in new cities under Phase III Position the Company to benefit from the potential presented by the regulatory reforms Maintain market leadership in FM radio industry Developing new business streams Exploit the new revenue opportunities on digital & other platforms Take the Mirchi brand to global markets 12

13 Investor Contact Entertainment Network is committed to improving its performance every fiscal and continuously enhance shareholder value through successful implementation of its growth plans. The Company s investor relations mission is to maintain an ongoing awareness of its performance among shareholders and financial community. This update covers the company s financial performance for Q1FY15 We thank you for your support and welcome your feedback and comments regarding this update and other investor issues For further information please contact: N. Subramanian, Chief Financial Officer (Group CFO), ENIL Tel: +91 (22) ; n.subramanian@timesgroup.com Dalpat Jain, VP Strategic Finance & IR, ENIL Tel: +91 (22) ; dalpatraj.jain@timesgroup.com Dhiraj Rajpal, Adfactors PR Tel: +91 (22) ; dhiraj.rajpal@adfactorspr.com 13

14 Disclaimer Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in our business segments, change in governmental policies, political instability, legal restrictions on raising capital, and unauthorized use of our intellectual property and general economic conditions affecting our industry. ENIL may, from time to time, make additional written and oral forward looking statements, including our reports to shareholders. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. 14

15 THANK YOU 15

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