SAREGAMANSE2 August 2022

Saregama India Limited has informed the Exchange about Investor Presentation

Saregama India Limited

Date: 2ndAugust, 2022

The Manager, Listing Department, National Stock Exchange of India Ltd., ‘Exchange Plaza’, C-1, Block G, Bandra- Kurla Complex, Bandra (East), MUMBAI - 400 051

The Listing Department BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI - 400 001

Symbol: SAREGAMA

Scrip Code: 532163

Subject: Outcome of Board Meeting held on 2nd August, 2022

Dear Sir/Madam,

Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “SEBI Listing Regulations”) and in terms of the Uniform Listing Agreement entered by the Company with your exchange, we would like to inform you that the Board of Directors of the Company (the “Board”), at its Meeting held today, i.e., 2nd August, 2022 has inter-alia, considered and approved the following:

1. Unaudited Financial Results (Standalone and Consolidated) of the Company, for the quarter ended 30th June, 2022 along with the Limited Review Report given by the Statutory Auditor of the company viz. M/s. B S R and Co. LLP, Chartered Accountants. A copy of the same are enclosed.

Further pursuant to the provisions of SEBI Listing Regulations, please find enclosed the following:

i. Earnings Release ii. Investor Presentation

2. Appointment of Ms. Priyanka Motwani (Membership No. ACS 58041) as the Company Secretary and Compliance Officer of the Company with immediate effect. She will be responsible for ensuring compliances under Companies Act, 2013, SEBI Listing Regulations and SEBI (Prohibition of Insider Trading) Regulations, 2015 (the “SEBI PIT Regulations").

The details/disclosures as required under Regulation 30 and Schedule III of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 (the “SEBI Circular”) is enclosed herewith as “Annexure-A”.

SAREGAMA India Limited, 33, Jessore Road, Dum Dum, Kolkata - 700 028, India. Tel: +91 33 2551 2984, Fax: +91 33 2550 0817, Web: www.saregama.com CIN: L22213WB1946PLC014346 Email ID: co.sec@saregama.com

Further, in terms of Regulation 30(5) of SEBI Listing Regulations, the following Key Managerial Personnel(s) of the Company are severally authorized to determine the materiality of an event or information and disclose the same to the Stock Exchanges.

Sr No. 1. Mr. Vikram Mehra,

Name and Designation

Managing Director

2. Mr. Pankaj Mahesh Chief

Chaturvedi, Financial Officer

3. Ms.

Priyanka Company and

Motwani, Secretary Compliance Officer

Purpose

Contact Details

Email ID: vm@rpsg.in

Email ID: pankaj.chaturvedi@rpsg.in

Email ID: priyanka.motwani@rpsg.in

any

event

of event to

To determine materiality of or information and make the such disclosures or material information stock exchange(s) For making the disclosures of such material event or information stock exchange(s), subject to the provisions of this Policy.

Common Correspondence address: - 2nd Floor, Spencer Building, 30, Forjett Street, Grant Road (W), Mumbai – 400 036.

The above information is available on the website of the Company – Weblink: https://www.saregama.com/static/investors

The Board meeting commenced at 12:00 Noon and concluded at 1:05 pm.

Kindly take the same on record.

Thanking You, Yours Faithfully,

Yours faithfully, For SAREGAMA INDIA LIMITED

Pankaj Mahesh Chaturvedi Chief Financial Officer Encl: As above

“Annexure – A”

In compliance of Regulation 30 and Schedule III of the SEBI Listing Regulations read with the SEBI Circular, please find requisite information of Ms. Priyanka Motwani.

Particulars

Sr. No. 1. Name of Company Secretary and

Compliance Officer

Details

Ms. Priyanka Motwani Membership No: A58041

Reason for change viz., appointment, resignation, removal, death or otherwise;

3. Date of Appointment

Appointment: as per Companies Act, 2013, SEBI Listing Regulations and SEBI PIT Regulations. 2nd August, 2022

Brief Profile (in case of appointment)

5. Disclosure of

relationships between directors (in case of appointment of a director). Term of Appointment

Ms. Priyanka Motwani is an Associate Member of Institute of Company Secretaries of India having Membership number A58041. She has completed her degree in Bachelor of Commerce and a Law Graduate having experience in Corporate Secretarial Affairs, Legal Matters and Statutory Compliances.

Not Applicable

Not applicable

For SAREGAMA INDIA LIMITED

Pankaj Mahesh Chaturvedi Chief Financial Officer

Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346

Statement of Consolidated Financial Results for the Three Months Ended 30 June 2022

(Rs. in Lakhs)

Particulars

Sl. No.

Income

(a) Revenue from operations (b) Other income

Total Income

2 Expenses

(a) Operational cost* (b) Employee benefits expense (c) Finance costs (d) Depreciation and amortisation expense (e) Advertisement and sales promotion (f) Royalty expense (g) Other expenses

Total Expenses

Profit before exceptional items and tax (1-2)

4 Exceptional Items

Profit before tax (3-4)

6 Tax Expense

(a) Current Tax (b) Deferred Tax (net)

Total tax expense

Profit for the period (5-6)

8 Other Comprehensive Income (net of taxes)

(a) (b)

Items that will be reclassified to profit or loss Items that will not be reclassified to profit or loss

Total other comprehensive income

Total comprehensive income for the period (7+8)

Profit for the period attributable to: (a) Owner of the Company (b) Non-controlling Interest

11 Other Comprehensive Income for the period attributable to:

(a) Owner of the Company (b) Non-controlling Interest

Total Comprehensive Income for the period attributable to: (a) Owner of the Company (b) Non-controlling Interest

13 Paid-up Equity Share Capital (Face Value of Re.1/- each) (Refer Note 2)

14 Other equity

Earnings Per Share (Face Value Re.1/- each): # (Refer Note 2)

(a) Basic (Rs.)

(b) Diluted (Rs.)

3 Months ended 30 June 2022 (Unaudited)

3 Months ended 31 March 2022 (Audited) Refer Note 3

3 Months ended 30 June 2021 (Unaudited)

Year ended 31 March 2022 (Audited)

16,930 985 17,915

4,986 1,868 140 410 1,716 1,253 1,965 12,338

5,577

1,440 (6) 1,434

4,143

(18) (992) (1,010)

3,133

4,141 2

(1,006) (4)

3,135 (2)

1,928

18,024 1,884 19,908

6,127 1,780 149 450 1,698 1,522 1,754 13,480

6,428

1,445 185 1,630

4,798

(38) (2,057) (2,095)

2,703

4,821 (23)

(2,085) (10)

2,736 (33)

1,928

2.15

2.50

10,496 280 10,776

1,496 1,675 68 230 839 1,442 1,347 7,097

3,679

974 (28) 946

58,063 3,491 61,554

14,311 7,345 452 1,310 5,205 6,314 6,176 41,113

20,441

5,027 149 5,176

2,733

15,265

4 3,827 3,831

6,564

2,719 14

3,830 1

6,549 15

1,743

1.57

1.56

26 3,817 3,843

19,108

15,260 5

3,838 5

19,098 10

1,928

1,35,842

8.43

8.42

*Includes media content cost, contract manufacturing charges and cost of production of films, television serials and events. #Figures for three months are not annualised.

Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346

Consolidated Segment wise Revenue, Results, Assets and Liabilities for the Three Months Ended 30 June 2022

(Rs. in Lakhs)

Sl. No.

Particulars

Segment Revenue

(a) Music (b) Films, Television serials and Events (c) Publication

Total Segment Revenue Less: Inter Segment Revenue Total Revenue from Operations

Segment Results

(a) Music (b) Films, Television serials and Events (c) Publication

Total Less:

(a) Finance costs (b) Other unallocable expenditure net of unallocable income

Total Profit Before Tax

Segment Assets (a) Music (b) Films, Television serials and Events (c) Publication (d) Unallocated Total Segment Assets

Segment Liabilities

(a) Music (b) Films, Television serials and Events (c) Publication (d) Unallocated

Total Segment Liabilities

3 Months ended 30 June 2022 (Unaudited)

3 Months ended 31 March 2022 (Audited) Refer Note 3

3 Months ended 30 June 2021 (Unaudited)

Year ended 31 March 2022 (Audited)

12,742 3,862 326 16,930 - 16,930

6,048 93 (37) 6,104

140 387 5,577

54,412 12,100 553 1,03,595 1,70,660

19,601 2,703 358 6,760 29,422

12,710 5,253 61 18,024 - 18,024

5,834 741 (318) 6,257

149 (320) 6,428

50,398 11,077 528 1,06,784 1,68,787

20,404 2,757 296 7,237 30,694

9,180 1,193 123 10,496 - 10,496

4,643 106 (281) 4,468

68 721 3,679

45,048 5,454 514 32,674 83,690

18,088 525 334 7,258 26,205

47,381 10,239 443 58,063 - 58,063

22,519 1,491 (1,177) 22,833

452 1,940 20,441

50,398 11,077 528 1,06,784 1,68,787

20,404 2,757 296 7,237 30,694

NOTES:

The aforementioned results for the three months ended 30 June 2022 have been reviewed and recommended by the Audit Committee in their meeting held on 02 August 2022 and approved by the Board of Directors of the Parent Company at their meeting held on even date. These results have been subjected to limited review by the Statutory Auditors of the Parent Company who have issued an unmodified review report on the consolidated financial results for the three months ended 30 June 2022.

Pursuant to the Special Resolution passed by the Shareholders of the Parent Company by way of Postal Ballot through electronic means on 31 March 2022, the Parent Company has sub-divided its equity share of face value of Rs.10/- (Rs. Ten only) each fully paid up, into 10 (Ten) equity shares of face value Re.1/- (Rupee One only) each fully paid-up, effective from 28 April 2022. Hence, shares have now been adjusted on account of sub-division of share done by the Parent Company. This has been considered for calculating weighted average number of equity shares for all periods presented, as per Ind AS 33- Earnings Per Share.

The figures for the three months ended 31 March 2022 are the balancing figures between audited figures in respect of the full financial year and published year to date figures upto the end of third quarter of the relevant financial year. The published year to date figures upto the end of third quarter of the relevant financial year were subject to Limited Review.

The Consolidated financial results are prepared in accordance with the principles and procedures as set out in Ind AS 110, notified by Ministry of Corporate Affairs. The consolidated financial results of the Company include its seven subsidiaries (including one step-down subsidiary), i.e. Saregama Limited (formerly known as Saregama Plc.), RPG Global Music Limited, Saregama FZE, Kolkata Metro Networks Limited, Open Media Network Private Limited, Digidrive Distributors Limited and Saregama Inc. (Step-down subsidiary of Saregama India Limited) (hereinafter referred as "Group") combined on a line-by-line basis by adding together the book values of like items of assets, liabilities, income and expenses eliminating intra-company balances and transactions and resulting unrealised gains/losses. The Consolidated financial results are prepared applying uniform accounting policies. The Group has one joint venture i.e. Saregama Regency Optimedia Private Limited, which is under liquidation with effect from 19 September 2016. Accordingly, this entity has not been consolidated by the Group.

Based on the guiding principles given in Ind AS 108 on "Operating Segments", the Group's business activity falls within three operating segments, namely: (a) Music (b) Films, Television serials and Events (c) Publication

Segment Revenue, Results, Assets and Liabilities represent amounts identifiable to each of the segments. Other "unallocable expenditure net of unallocable income" mainly includes interest income, expenses on common services not directly identifiable to individual segments and corporate expenses. Segment Assets and Segment Liabilities are as at 30 June 2022, 31 March 2022 and 30 June 2021. Unallocable corporate assets less unallocable corporate liabilities mainly represent investment of surplus funds and cash and bank balances.

In view of pandemic relating to COVID – 19, the Group has considered internal and external information available up to the date of approval of these consolidated financial results and has performed analysis in assessing the recoverability of its assets including trade receivables, inventories, investments, other financial and non-financial assets, for possible impact on these consolidated financial results. The Group has also assessed the impact of this whole situation on its capital and financial resources, profitability, liquidity position, etc. On the basis of its present assessment and current indicators of future economic conditions, the Group does not anticipate any material impact on these consolidated financial results. However, the actual impact of COVID – 19 on the Group’s financial results may differ from that estimated and the Group will continue to closely monitor any material changes to future economic conditions.

For more details on Results, visit Investor Relations section of our website at http://www.saregama.com and Financial Results under Corporates section of www.nseindia.com and www.bseindia.com.

For and on behalf of the Board of Directors of Saregama India Limited

Mumbai 02 August 2022

VIKRAM MEHRA

Digitally signed by VIKRAM MEHRA Date: 2022.08.02 12:31:44 +05'30'

Vikram Mehra Managing Director DIN: 03556680

Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346

Statement of Standalone Financial Results for the Three Months Ended 30 June 2022

(Rs. in Lakhs)

3 Months ended 30 June 2022 (Unaudited)

3 Months ended 31 March 2022 (Audited) Refer Note 4

3 Months ended 30 June 2021 (Unaudited)

Year ended 31 March 2022 (Audited)

Particulars

Sl. No.

Income

(a) Revenue from operations

(b) Other income

Total Income

2 Expenses

(a) Operational cost*

(b) Employee benefits expense

(d) Depreciation and amortisation expense

(e) Advertisement and sales promotion

(f) Royalty expense

(g) Other expenses

Total Expenses

14,786

978

15,764

3,322

1,589

138

399

1,637

1,253

1,838

17,737

1,724

19,461

6,076

1,513

148

448

1,982

1,528

1,450

10,176

13,145

10,223

282

10,505

1,460

1,355

228

1,017

1,442

1,226

6,796

3,709

56,831

3,341

60,172

14,053

6,108

451

1,302

6,197

6,320

5,542

39,973

20,199

5,588

6,316

3,709

20,199

1,441

(14)

1,427

4,161

(993)

3,168

1,928

1,403

207

1,610

4,706

(1,708)

2,998

1,928

2.16

2.44

974

(28)

946

4,986

171

5,157

2,763

15,042

3,256

6,019

1,743

1.60

1.59

3,215

18,257

1,928

1,35,255

8.31

8.30

Profit before exceptional items and tax (1-2)

5,588

6,316

4 Exceptional Items

Profit before tax (3-4)

6 Tax Expense

(a) Current Tax

(b) Deferred Tax (net)

Total tax expense

Profit for the period (5-6)

8 Other Comprehensive Income (net of taxes)

(a) (b)

Items that will be reclassified to profit or loss Items that will not be reclassified to profit or loss

Total other comprehensive income

9 Total comprehensive income for the period (7+8)

10 Paid-up Equity Share Capital (Face Value of Re.1/- each) (Refer Note 2)

11 Other equity

12 Earnings Per Share (Face Value Re.1/- each): # (Refer Note 2)

(a) Basic (Rs.)

(b) Diluted (Rs.)

*Includes media content cost, contract manufacturing charges and cost of production of films, television serials and events. #Figures for three months are not annualised.

Saregama India Limited Registered Office: 33, Jessore Road, Dum Dum, Kolkata - 700 028 web: www.saregama.com, Email id: co.sec@saregama.com, Phone no: 033-2551-2984 CIN:L22213WB1946PLC014346

Standalone Segment wise Revenue, Results, Assets and Liabilities for the Three Months Ended 30 June 2022

(Rs. in Lakhs)

Particulars

Sl. No.

Segment Revenue

(a) Music

(b)

Films, Television serials and Events

Total segment revenue

Less: Inter Segment Revenue

Total Revenue from Operations

Segment Results

(a) Music

(b)

Films, Television serials and Events

Total

Less:

(a)

(b)

Finance costs

Other unallocable expenditure net of unallocable income

Total Profit Before Tax

Segment Assets

(a) Music

(b)

(c)

Films, Television serials and Events

Unallocated

Total Segment Assets

Segment Liabilities

(a) Music

(b)

(c)

Films, Television serials and Events

Unallocated

Total Segment Liabilities

3 Months ended 30 June 2022 (Unaudited)

3 Months ended 31 March 2022 (Audited) Refer Note 4

3 Months ended 30 June 2021 (Unaudited)

Year ended 31 March 2022 (Audited)

12,620

2,166

14,786

6,087

6,094

138

368

5,588

55,963

11,413

1,01,158

1,68,534

19,248

2,132

6,790

28,170

12,484

5,253

17,737

5,400

741

6,141

148

(323)

6,316

49,828

11,077

1,06,251

1,67,156

19,978

2,757

7,238

29,973

9,030

1,193

10,223

4,389

106

4,495

718

3,709

44,642

5,454

32,061

82,157

17,590

525

7,039

25,154

46,592

10,239

56,831

21,082

1,491

22,573

451

1,923

20,199

49,828

11,077

1,06,251

1,67,156

19,978

2,757

7,238

29,973

NOTES:

The aforementioned results for the three months ended 30 June 2022 have been reviewed and recommended by the Audit Committee in their meeting held on 02 August 2022 and approved by the Board of Directors of the Company at their meeting held on even date. These results have been subjected to limited review by the Statutory Auditors of the Company who have issued an unmodified review report on the standalone financial results for the three months ended 30 June 2022.

Pursuant to the Special Resolution passed by the Shareholders of the Company by way of Postal Ballot through electronic means on 31 March 2022, the Company has sub-divided its equity share of face value of Rs.10/- (Rs. Ten only) each fully paid up, into 10 (Ten) equity shares of face value Re.1/- (Rupee One only) each fully paid-up, effective from 28 April 2022. Hence, shares have now been adjusted on account of sub-division of share done by the Company. This has also been considered for calculating weighted average number of equity shares for all periods presented, as per Ind AS 33- Earnings Per Share.

Out of the 53,38,628 equity shares of Rs.10/- each issued for cash at a premium of Rs.35/- (issue price - Rs.45/-) pursuant to the Rights Issue in 2005, allotment of 5,290 equity shares of face value Rs.10/- each (relating to cases under litigation / pending clearance from concerned authorities) were in abeyance till 30 June 2022. These shares have now been adjusted on account of sub-division of share done by Company as explained in note 2 above.

In order to lay specific focus on the e-commerce distribution business of the Company alongwith identified non-core assets (including investment(s) in publication business) and other activities and/ or arrangements incidental or relating thereto, the Board of the Directors of the Company at its meeting held on 30 March 2022 approved, subject to necessary approvals, Scheme of Arrangement between the Company and Digidrive Distributors Limited, a wholly owned subsidiary (“Resulting Company”) and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Act”) (“Scheme”) which inter alia provides for the demerger, transfer and vesting of the Demerged Undertaking (as defined in the Scheme) from the Company into the Resulting Company, on a going concern basis. The appointed date being 1 April 2022. Upon implementation of the Scheme, each shareholder of the Company would be entitled to fully paid shares of the respective companies in the ratio set out in the Scheme. Necessary accounting effect of the Scheme will be given in due course, upon receipt of the requisite approvals.

Based on the guiding principles given in Ind AS 108 on "Operating Segments", the Company's business activity falls within two operating segments, namely: (a) Music (b) Films, Television serials and Events

In view of pandemic relating to COVID – 19, the Company has considered internal and external information available up to the date of approval of these standalone financial results and has performed analysis in assessing the recoverability of its assets including trade receivables, inventories, investments, other financial and non-financial assets, for possible impact on these standalone financial results. The Company has also assessed the impact of this whole situation on its capital and financial resources, profitability, liquidity position, etc. On the basis of its present assessment and current indicators of future economic conditions, the Company does not anticipate any material impact on these standalone financial results. However, the actual impact of COVID – 19 on the Company’s financial results may differ from that estimated and the Company will continue to closely monitor any material changes to future economic conditions.

For more details on Results, visit Investor Relations section of our website at http://www.saregama.com and Financial Results under Corporates section of www.nseindia.com and www.bseindia.com.

Mumbai 02 August 2022

For and on behalf of the Board of Directors of Saregama India Limited

VIKRAM MEHRA

Digitally signed by VIKRAM MEHRA Date: 2022.08.02 12:32:30 +05'30'

Vikram Mehra Managing Director DIN: 03556680

Q1 FY23 PAT up by 52% YoY to Rs.414 Mn Building IP for Tomorrow

Mumbai, August 02, 2022: Saregama, a RPSG Group company, announced its financial results for the Quarter Ended June 30, 2022.

The Company’s Operating revenue rose 61% YoY at Rs.1693 Mn in Q1 FY23.

Company’s Operating Income before Content Charge, Interest and Depreciation (OIBCID) rose 54% to Rs.647 Mn in Q1 FY23 from Rs.421 Mn in corresponding quarter last year.

Q1 FY23 PBT stood at Rs.558 Mn as against Rs.368 Mn in the corresponding quarter last year (i.e., 52% growth YoY)

During this quarter, Company launched music of Mahesh Babu’s Sarkaru Vaari Paata in Telugu; Operation Romeo and Ittu Si Baat in Hindi with music from singers like Arijit Sigh and Jubin Nautiyal. It also released multiple ‘Originals’ songs sung by Neeti Mohan, Stebin Ben etc. Overall, Company released 186 films and non-films songs across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and Bengali languages. The other highlight of the quarter was the use of our songs by brands like Dabur, Vogue Eyewear, TVF, One Card, PhonePe etc. in their ad films.

With retail markets opening up, Carvaan continued to regain its momentum. Company sold 98k units in Q1 compared to 45k last year. During the last fortnight of June, Company also started test marketing two new variants namely, Music Bar with Karaoke and Carvaan Mobile.

Company has started Live Music Events “Saregama Live” with a bang with India’s biggest live Performance star Diljit Dosanjh. It held concerts in 6 cities across India and Canada.

Company has completed shooting of its first Malayalam Film “Padavettu” starring Nivin Pauly and the first Punjabi film ‘Oye Makhana” starring Amy Virk.

About Saregama India Limited:

Saregama India Limited, formerly known as The Gramophone Company of India Ltd is a RPSG group company owning the largest music archives in India and one of the biggest in the world. The ownership of nearly 50 per cent of all the music ever recorded in India also makes Saregama the most authoritative repository of the country’s musical heritage. Saregama has also expanded into other branches of entertainment - film & series production, live events and music based consumer products.

About RPSG Group:

RP-Sanjiv Goenka Group is one of India’s fastest growing conglomerates with a significant global presence. The Group’s businesses include power and energy, carbon black manufacturing, retail, IT- enables services, FMCG, media and entertainment and agriculture.

For further information, please contact:

Honey Sheth | honey.sheth@mslgroup.com | 9870097011 Nehal Palod | nehal.palod@mslgroup.com | 9329983701

SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q1 FY23

SAREGAMA STRENGTHS

India’s only entertainment company with IP offerings across media channels (music, film, web series AND TV serials), delivery platforms (physical and digital) and business models (licensing and retail)

Large intellectual property portfolio of 142K+ songs, 64 films, 1 web-series, 6K+ hours of television content

Strong licensing relationships with streaming applications and platforms for music and video

Increasing IP library with a growing presence in all leading Indian languages

Investments and Capabilities in Data Analytics and Technology for content acquisition and IP protection

Strong financial position with track record of revenue growth, margin expansion and cash flow generation

Experienced and creative leadership through Management Team and Promoter Group

STRATEGIC OVERVIEW

Digitisation Driving Growth

Digital Boom in India

Increase in App Usage

~700M smart phones Cheap Data #stay-at-home

driving

Video/Music Streaming Netflix / Spotify / Saavn Social Media YouTube / Facebook Video Sharing Instagram/ Tik Tok / Josh / Triller Gaming E-Commerce Amazon/Flipkart Chat/Mail WhatsApp / Gmail

driving

Increase in Demand for Content

Music Films Web Series TV Series Podcasts Games

142k+ Songs | 64 Movies | 1 Web Series | 6k+ hrs of TV Series | Advantage Saregama

STRATEGIC OVERVIEW

To be a Pure Play Content Company capitalising on the global content consumption boom

driven by the ever-increasing Digitisation

Monetisation of Existing IP

Building of New IP

Through licensing to EVERY 3rd party Digital (music, video, social) and TV platform.

Carvaan transitioning from being a Product with only one-time margin to a Platform with upfront margin and recurring advertising and subscription revenue.

Cementing leadership position with New film and non-film music acquisition across Hindi, Tamil, Telugu, Bhojpuri, Gujarati, Punjabi, Malayalam, Bengali and other regional languages.

Producing Theatrical Films in only Regional languages and Web Series in all languages. Revenue secured through pre-licensing to digital platforms. Scale allowing lower cost of production.

IP Creation ambition over next 3-5 years

Market Leadership In Music Segment

60 New Films and Web Series Episodes

1200 - 1500 hrs of new TV serials content

SAREGAMA WANTS TO TAKE MARKET LEADERSHIP POSITION IN INDIAN MUSIC

Disproportionate

share of

New Content across Hindi & Regional Languages

Acquisition of Small & Mid size Music Catalogues to plug in the Content Gaps of last 25 years

Artiste Management

Live Events

Catalogue Strength

SAREGAMA MUSIC IP

Licensing Revenue (INR Mn)

Fast Growing

Licensing Revenue

FY22

FY21

FY20

FY19

FY18

3,585

2,839

2,361

1,949

1,478

* One time income of INR 97 Mn (FY22), 155 Mn (FY21) and INR 21 Mn (FY20) are excluded

On account of

A. Saregama’s Focus on New Music

B. Growing customer interest in Retro Music

C. Presence across all Indian Languages

Share of Saregama’s Songs by Decades

Catalogue Usage across OTT/YouTube/ TV Channels/Radio etc (Bn)

2001-2021

1981-2000

1961-1980

29%

27%

40%

26%

31%

Till 1960

15%

Count of Songs

Revenue

FY22

FY21

FY20

FY19

FY18

141

111

Share of Saregama’s Songs by language

Bhojpuri 1%

Others 13%

Kannada, 2%

Gujrati 2%

Malayalam 5%

Marathi 5%

Punjabi 6%

Telugu 6%

Tamil 9%

Hindi 29%

Bengali 20%

A typical movie has 5 songs. Assuming a music label acquires 1000 movies in a year, it will get 5k songs. By comparison, Saregama owns 142k songs, each digitised with rich metadata behind it, giving it a big competitive advantage

OUR MUSIC LICENSING PARTNERS

Music Streaming Partners

Broadcasting Partners

Video Streaming Partners

uVideo

Social Media Platforms

Brands

OPERATIONAL HIGHLIGHTS

MUSIC SEGMENT OPERATIONAL HIGHLIGHTS

Licensing:

• Music licenses to following brands:

Vogue Eyewear, Dabur Babool, TVF, One Card, PhonePe etc.

• Digital Content Licenses:

YOUTUBE VIEWS (Bn) PER QUARTER

Escape Live, The Great Indian Murder (Disney plus hotstar), Sharmaji Namkeen (Amazon Prime), Apharan Season 2 (Voot) etc. 4 Songs deal for Marvel Cinematic Universe’s – Ms. Marvel (Disney plus).

• Film Sync Licenses:

Whistle Baja (Heropanti 2 - Promo), Chalo Bulawa Aya Hai (Jayesh Bhai Jordaar) Vazha Ninathaal (Tamil Film Kattam Solluthu) etc.

Q4FY21

Q1FY22

Q2FY22

Q3FY22

Q4FY22

Q1FY23

Includes all views related to Saregama IP across its Owned Channels and User Generated Content

WHAT’S NEW

• In the New Film Music category, Company launched music of Mahesh Babu’s Sarkaru Vaari Paata in Telugu, Operation Romeo and Ittu Si Baat in Hindi with music from singers like Arijit Sigh and Jubin Nautiyal.

• Released ‘Originals’ sung by Neeti Mohan, Stebin Ben, Kanika Kapoor etc.

• Overall, 77 new film and 109 non film songs released during this quarter – 44 Hindi, 16 Tamil, 33 Telugu, 12 Malayalam, 15 Bengali, 21 Bhojpuri and 29 Gujarati songs

MUSIC SEGMENT OPERATIONAL HIGHLIGHTS

Retail:

Carvaan Sales (units ‘000s)

• Momentum building back. Unit Sales more than doubled over the last year

141

•

Test marketing of two new Carvaan variants

• Music Bar with Karaoke at the Higher end • Carvaan Mobile at the Lower end

110

103

112

Q4-FY21

Q1-FY22

Q2-FY22

Q3-FY22

Q4-FY22

Q1-FY23

Future Outlook

▪ Reliance on Natural Pull from the market

▪ Tight cost controls to continue

FILMS, WEB SERIES & TV SEGMENT OPERATIONAL HIGHLIGHTS

Films and Web Series

• Completed

shooting

Malayalam film “Padavettu” Nivin Pauly.

our

first starring

• Shooting begins for next Malayalam film “Kaapa” starring the superstar Prithviraj Sukumaran

• Shoot over of our first Punjabi film “Oye

Makhana” starring Amy Virk

TV Segment

• Roja and Anbe Vaa being the Slot Leader in their

respective prime time slots.

• Saregama TV Shows YouTube channel garnered

381 Mn views in Q1FY23

• Licenced remake rights of tv serial “Roja” to Star

India for Hindi language

• Continues to create short video content relating to

‘Bhakti’ and ‘Yoga’ exclusively for YouTube.

Future Outlook

• Web Series ‘Hunter- The Invisible Women’ starring Suniel Shetty expected to release soon

Future Outlook

• Unlocking the value of existing IP through language remakes, new platform licensing and syndication

NEW INITIATIVES – LIVE MUSIC EVENTS

Started Live Music Events “Saregama Live” with a bang with India’s biggest live Performance star Diljit Dosanjh.

• 6 concerts were held in Q1 • India : Gurgaon, Jallandhar • Canada : Vancouver, Calgary, Winnipeg, Toronto

Future Outlook In addition to concerts, the vertical will develop musical theatre IP, based on the stories and songs of some of the greatest films in our catalogue, like Disco Dancer and Karz.

FINANCIAL HIGHLIGHTS

CONSOLIDATED

QUARTERLY FINANCIAL SUMMARY

Particulars (INR Mn) Revenue from Operations • Music • •

Films, Television serials and Events Publication

Revenue from Operations Operating Income before Content Charge, Interest and Depreciation (OIBCID)

Q1 FY23

Q4 FY22

Q-o-Q Growth

Q1 FY22

Y-o-Y Growth

1,274 386 33 1,693

647

1,271 525 6 1,802

644

0.2% (26)% 450% (6)%

0.5%

919 119 12 1,050

421

39% 224% 175% 61%

54%

Content Charge include the following charges related to the new content during the year: 1) 4) Content charge does not include any royalty paid post recoupment of the Minimum Guarantee amount.

Amount amortised in case of Royalty based deals 2) Amount amortised against the one-time fee paid in case of Outright purchase-based deals 3) Marketing of new content

Revenue from Operations (INR Mn)

OIBCID (INR Mn) & OIBCID Margin

223

156

210

12 119

525

386

40%

37%

33%

42%

36%

38%

1,013

919

1,216

1,333

1,271

1,274

Q4-FY21

Q1-FY22

Q2-FY22

Q3-FY22

Q4-FY22

Q1-FY23

411

421

535

629

644

647

Q4-FY21

Q1-FY22

Q2-FY22

Q3-FY22

Q4-FY22

Q1-FY23

Music

Films, TV & Events

Publication

OIBCID

OIBCID Margin

OIBCID to PAT

Particulars (INR Mn)

Q1-FY23

Q1-FY23 without impact of Change in Useful Life

Revenue from Operations (A)

Total Expenses (B)

OIBCID (C= A-B)

OIBCID Margin (%)

Content Charging Cost (D)

Depreciation (E)

Finance Cost (F)

Other Income (G)

PBT (C-D-E-F+G)

Tax

PAT

PAT Margin (%)

1,693

1,046

1,693

1,046

647

38%

168

557

143

414

24%

647

38%

191

534

137

397

23%

Q-o-Q Growth

(6)%

(10)%

0.5%

0.6%

(7)%

(47)%

(13)%

(12)%

(14)%

Q4-FY22

1,802

1,158

644

36%

167

188

643

163

480

27%

Q1-FY22

1,050

629

421

40%

368

273

26%

Y-o-Y Growth

61%

66%

54%

147%

17%

100%

254%

51%

52%

FY22

5,806

3,576

2,230

38%

463

349

2,044

518

1,526

26%

Diluted EPS (Face Value Re.1) The management has reviewed the useful life of Music rights with help of benchmarking study done by EY on accounting practices of leading global music labels Given the increased consumption of content along with outlook for the music market, resultant useful life of the newly acquired music rights is longer than the previously estimated life. Starting 1st April 2022, the content cost of music rights is being amortized basis the increased useful life of 10 years As a result of the above revision, the content cost for Q1FY23 is lower by INR 23Mn as compared to the charge based on previous estimates, leading to incremental PAT of INR 17Mn.

2.06

2.50

8.42

1.56

2.15

• • • •

Equity and Liabilities (INR Mn)

Shareholder's fund

(a) Equity share capital (b) Other equity Net worth (a) Non-controlling interest Non-current liabilities (a) Financial liabilities (i) Lease liabilities

(b) Employee benefit obligations (c) Deferred tax liabilities (net) Current liabilities (a) Financial liabilities (i) Lease liabilities (ii) Trade payables

(iii) Other financial liabilities

(b) Other current liabilities (c) Provisions (d) Employee benefit obligations (e) Current tax liabilities

BALANCE SHEET

As at 30th June’ 2022

As at 31st Mar’ 2022

Assets (INR Mn)

As at 30th June’ 2022

As at 31st Mar’ 2022

193 13,899 14,092

193 13,584 13,777

9 42 548

9 714 504

305 802 8 -

7 42 562

6 645 431

466 902 8 1

Non-current assets (a) Property, plant and equipment (b) Right-of-use assets (c) Investment properties (d) Intangible assets (e) Intangible assets under development (f) Financial assets (i) Investments (ii) Other financial assets (g) Other non-current assets Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Other financial assets

2,144 18 22 703 26

1,341 25 288

2,141 13 22 602 17

1,453 20 292

1,200

1,054

5,362 1,127 341 2,708 228 50 162 1,320 17,065

5,308 1,078 1,527 1,710 228 79 257 1,078 16,879

Total

17,065

16,879

Particulars (INR Mn)

QE June’22

FY 22

CASH FLOW STATEMENT

Pre-Tax Profit Change in other operating activities ( including non-cash Items) Change in Working capital Taxes Paid Net cash generated from/(used in) Operating Activities (A) Redemption/(Investment) in Fixed Deposits with maturity > 3m Redemption/(Investment) in Mutual Fund Net cash used in Fixed assets and other Investing activities

Net cash used in Investing Activities (B)

Net cash generated from Treasury Shares Proceeds from Issue of Share Capital # Repayment of Lease Liability Dividend paid Interest paid Net cash generated from/(used in) Financing Activities ( C ) Net increase in Cash and Cash Equivalent Cash and Cash Equivalents at the beginning of the period Effect of Translation of foreign currency cash and cash equivalents Cash and Cash Equivalents at End of the period

# Net of Issue expense of INR 168 Mn

2,044 (139) (389) (572)

(718) (4,995) (590)

33 7,332 (4) (577) (11)

557 (10) (584) (49)

(945) - (148)

- - (3) - (1)

(86)

(1,093)

(4) (1,183) 1,527 (3) 341

944

(6,303)

6,773 1,414 111 2 1,527

FINANCIAL HIGHLIGHTS

STANDALONE

Particulars (INR Mn)

Q1-FY23

FINANCIAL PERFORMANCE

Q1-FY23 without impact of Change in Useful Life

Q4-FY22

Q-o-Q Growth

Q1-FY22

Y-o-Y Growth

Turnover

Other Income

Total Revenue

Total Expenses

Depreciation & Amortisation

Finance Cost

PBT

Tax

PAT

PAT Margin (%)

Diluted EPS (Face Value Re.1)

1,479

1,577

964

559

143

416

28%

2.16

1,479

1,577

975

536

137

399

27%

2.06

(17)%

(43)%

(19)%

(23)%

(11)%

(7)%

(12)%

(11)%

(12)%

1,774

172

1,946

1,254

632

161

471

26%

2.44

1,022

1,050

649

371

276

27%

1.59

45%

250%

50%

49%

74%

100%

51%

FY 22

5,683

334

6,017

3,822

130

2,020

516

1,504

26%

8.30

• • • •

The management has reviewed the useful life of Music rights with help of benchmarking study done by EY on accounting practices of leading music labels Given the increased consumption of content along with outlook for the music market, resultant useful life of the newly acquired music rights is longer than the previously estimated life. Starting 1st April 2022, the content cost of music rights is being amortized basis the increased useful life of 10 years As a result of the above revision, the content cost for Q1FY23 is lower by INR 23Mn as compared to the charge based on previous estimates, leading to incremental PAT of INR 17Mn.

Equity and Liabilities (INR Mn)

As at 30th June 2022

As at 31st March 2022

Assets (INR Mn)

As at 30th June 2022

As at 31st March 2022

BALANCE SHEET

Shareholder's fund

(a) Equity share capital

(b) Other equity

Net worth

Non-current liabilities (a) Financial liabilities

(i) Lease liabilities

(b) Employee benefit obligations (c) Deferred tax liabilities (net)

Current liabilities

(a) Financial liabilities

(i) Lease liabilities

(ii) Trade payables

(iii)Other financial liabilities

(b) Other current liabilities

(d) Employee benefit obligations

Total

193

13,844

14,037

193

13,526

13,719

6 37 551

694

434

281

801

7 37 566

616

409

449

900

16,854

16,716

Non-current assets (a) Property, plant and equipment (b) Right-of-use assets (c) Investment properties (d) Intangible assets (e) Intangible asset under development

(f) Financial assets (i) Investments (ii) Other financial assets (g) Other non-current assets

Current assets (a) Inventories

(b) Financial assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Other financial assets

2,143 11 22 703 26

1,528 25 288

2,140 13 22 601 17

1,639 20 291

1,181

1,032

5,109 1,145 126 2,708 239 51 154 1,395 16,854

5,057 1,075 1,471 1,710 238 79 252 1,059 16,716

FINANCIAL CHARTS (CONSOLIDATED)

Revenue from Operations (Turnover) (INR Mn)

Music Licensing Revenue (INR Mn)

PAT (INR Mn)

Diluted EPS (INR)

7 4 4 5

5 1 2 5

6 0 8 5

0 2 4 4

6 6 5 3

5 8 5 3

9 3 8 2

1 6 3 2

9 4 9 1

8 7 4 1

6 2 5 1

5 3 1 1

4 8

5 6

3 4 5

5 3 4

3 8 2

6 1

1 3

5 2

FY18 FY19 FY20 FY21 FY22

FY18 FY19 FY20 FY21 FY22 * One time income of IINR 97 Mn (FY22), INR 155 Mn (FY21) and INR 21 Mn (FY20) are excluded

FY18 FY19 FY20 FY21 FY22

Debt to Equity Ratio

Return on Equity (ROE) (%)*

Book Value Per Share (INR)

Dividend per Share (INR)

8 2 0

9 0 0

3 0 0

FY18 FY19 FY20 FY21 FY22

* Debt is Nil as on 31st Mar’22 and 31st March’21.

% 9 3 2

% 3 3 3

% 8 5 1

7 1 6

0 0 2

0 0 3

% 4 6 1

% 8 2 1

1 3 1

2 5 1

3 0 1

6 9 1

0 3

5 1

FY18 FY19 FY20 FY21 FY22

FY18 FY19 FY20 FY21 FY21

* ROE = PAT / Shareholders Equity * Shareholders Equity = Equity share capital and free reserves The decrease in ROE for FY22 is on account of fresh fund raise through QIP of Rs.7500 MN

DISCLAIMER

Saregama India Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Saregama India Ltd., which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

← All Transcripts SAREGAMA Stock Page →

Saregama India Limited has informed the Exchange about Investor Presentation

Market Movers