Nazara Technologies Limited

75%

ehalf of the Company. 2 Owing to strong H1 performance, FY23 revenue targets upward revised to 70-75% YoY Commenting on the results, Mr. Nitish Mittersain, Joint Managing Director at Nazara Technolog

Rs. 4,869 million

itish Mittersain, Joint Managing Director at Nazara Technologies said, “Nazara declared revenue of Rs. 4,869 million (486.9 Crs) and EBITDA of Rs. 514 million (51.4 Crs) in H1 FY23. Revenue grew by 104% in Q2FY23 ove

Rs. 514 million

Nazara Technologies said, “Nazara declared revenue of Rs. 4,869 million (486.9 Crs) and EBITDA of Rs. 514 million (51.4 Crs) in H1 FY23. Revenue grew by 104% in Q2FY23 over Q2FY22 and 87% in H1FY23 over H1FY22. EB

104%

Rs. 4,869 million (486.9 Crs) and EBITDA of Rs. 514 million (51.4 Crs) in H1 FY23. Revenue grew by 104% in Q2FY23 over Q2FY22 and 87% in H1FY23 over H1FY22. EBITDA margin were 10.6% in H1FY23 as we inves

87%

and EBITDA of Rs. 514 million (51.4 Crs) in H1 FY23. Revenue grew by 104% in Q2FY23 over Q2FY22 and 87% in H1FY23 over H1FY22. EBITDA margin were 10.6% in H1FY23 as we invested for growth across our busi

10.6%

FY23. Revenue grew by 104% in Q2FY23 over Q2FY22 and 87% in H1FY23 over H1FY22. EBITDA margin were 10.6% in H1FY23 as we invested for growth across our businesses. We have built strong execution platform

10%

r FY23 consolidated revenues to grow in the range of 70-75% on a YoY basis with EBITDA margin above 10%. This is primarily driven by growth in our existing businesses.’’ 3 Nazara: Strong growth momentu

58%

th continued focus on EBITDA profitability FY23 Guidance: Rev. Growth of 70-75% ~10,500-10,900 +58% 4,542 6,217 2,475 Revenue (in Rs. Mn) 2,638 +104% 1,296 1,100 4,869 +87% 2,608 2,005 F

109%

1 Q2FY22 Q2FY23 H1FY21 H1FY22 H1FY23 EBITDA (in Rs. Mn) FY23 Guidance: (above 10% EBITDA) +109% 946 ~1,050-1,090+ 452 195 195 213 496 514 -57 FY20 FY21 FY22 FY23E Q2FY21 Q2FY22 Q2F

33%

z and hence Datawrkz has been consolidated as a subsidiary post 13-April-2022 when Nazara acquired 33% stake. Nazara also has an option to acquire additional 22% in the second tranche 4 62 Q2 FY23: R

22%

post 13-April-2022 when Nazara acquired 33% stake. Nazara also has an option to acquire additional 22% in the second tranche 4 62 Q2 FY23: Revenue growth of 104%, EBITDA of INR 213 million in Q2FY23

INR 213 million

to acquire additional 22% in the second tranche 4 62 Q2 FY23: Revenue growth of 104%, EBITDA of INR 213 million in Q2FY23 Consolidated Performance (INR Million) EBITDA: 195 million EBITDA: 213 million 9% YoY

“We had curtailed marketing expenses in H1FY22, once Apple announced privacy policy changes leading to higher margin in H1FY22 • • 11 Individual Segment Performance 1A eSports: Nodwin Gaming- On a path of consistent high revenue growth +89% CAGR +79% CAGR 1,045 0.5% 1,689 0.8% 3.8% 530 691 4.8% 5 20 33 13 292 3.8% 11 307 2.9% 9 Q2FY21 Q2FY22 Q2FY23 H1FY21 H1FY22 H1FY23 Figures in Rs.”

“Launched limited edition collectibles: Wings X Godlike which got sold out within few hours of launch 13 1B eSports : Sportskeeda- Sustained revenue and EBITDA growth +89% CAGR 281 +133% CAGR 581 50.6% 23.1% 25.6% 160 79 40 72 37 41.1% 107 44 33.1% 308 102 29.9% 174 Q2FY21 Q2FY22 Q2FY23 H1FY21 1 H1FY22 2 3H1FY23 Figures in Rs.”

“Mn Revenue* EBITDA* EBITDA % 52% CAGR 707 464 10.2% 47 9.2% 65 H1FY22 H1FY23”

“Nazara also has an option to acquire additional 22% in the second tranche 17 4 Freemium: Nextwave: Strong revenue and EBITDA growth +18% CAGR 38 23.4% 35 7 53 17.0% 9 Q2FY21 -7 Q2FY22 Q2FY23 +15% CAGR 120 90 22.2% 20 85 7.1% 6 29.2% 35 H1FY21 H1FY22 H1FY23 Geographical Split (MAU- H1FY23) 4% 30% Revenue Split (H1FY23) 8% 24% 66% 68% Figures in Rs.”

Revenues

6

Monthly Price

2

Strong growth - Multiple growth engines firing

1

Wings

1

Invigorate Core Business

1

Note

1

Investor Relations Advisors

1

Revenues

142 mn Launched eSports and MMA Sep’20 MAU: 42 mn Acquired by Sep’19 MAU: 24 mn Strong growth in NBA and NFL Sep’22 MAU: 73 mn Global leader in Wrestling Launched NBA and NFL Sep’21 MAU: 57 mn FY20

Monthly Price

$8.99 #2 Grossing Apps Acquired by Sep’19 Subs: 87k Data driven UA spends Among Top 5 grossing Apps Content Updates

Monthly Price

$6.99 FY18 FY19 FY20 FY21 FY22 and beyond FY20 FY21 FY22 and beyond FY20 FY21 FY22 and beyond 8 Nazara: Multiple levers of growth within the current business segments • Growth in IPs leading to media rights revenue • Growth in eSports focused D2C businesses • Non-linear EBITDA growth as IPs scale and D2C brands become scaled • Growth in subscriber base at the improved unit economics • Lowest priced compared to competitors leaving scope for further price increase • MAU growth in international markets where eCPM are higher • Dominant position across multiple sports • Drive subscriber growth through user acquisition spends • Increase time spent and reduce churn through content updates Increasing time spent and retention metrics • • Newer content updates to drive growth • Built on-ground sales presence in the US • Growth in supply-side revenues through increased monetization options for publishers 9 Nazara: Clearly Identified M&A strategy at Nazara and Friends of Nazara White Spaces for M&

Strong growth - Multiple growth engines firing

• • • • eSports: Nodwin revenue grew by 144% in H1FY23 on account of growth in media revenues led by Master Series and Playground IPs along with strong growth in gaming accessories business. Sportskeeda revenues grew by 89% (strong growth in US revenues as we continue to scale presence in core American sports such as American Football, Basketball and Tennis; in addition strong growth in video revenues in the US) Gamified Early Learning: Average ARPU steadily increasing post price increase. In Q2FY23, Kiddopia’s CPT stabilised at $37.9 as the company optimised the channel mix for user acquisition. We will now scale the user acquisition costs to drive further growth. Addition of Wildworks revenue of INR 65 million in Sep’22 Ad tech: Strong growth of 52% YoY in H1FY23 on account of 23 new clients addition. Continued focus on scaling supply side revenues by increasing offering for publisher monetization Freemium: Nextwave grew by 41% in H1FY23 over H1FY22, driven by 54% growth in ad revenu

Wings

300% growth YoY in Q2FY23 No.1 gaming brand on Flipkart with 35% market share (gaming accessories) Wings collaborated with India’s top level eSports team- Godlike. Launched limited edition collectibles: Wings X Godlike which got sold out within few hours of launch 13 1B eSports : Sportskeeda- Sustained revenue and EBITDA growth +89% CAGR 281 +133% CAGR 581 50.6% 23.1% 25.6% 160 79 40 72 37 41.1% 107 44 33.1% 308 102 29.9% 174 Q2FY21 Q2FY22 Q2FY23 H1FY21 1 H1FY22 2 3H1FY23 Figures in Rs. Mn Revenue EBITDA EBITDA% Average MAU Sportskeeda (million) 60.5 50.1 60.5 56.8 60.0 67.5 70.6 72.8 41.8 Revenue Split by Sports Revenue Split by Geography 581 137 84 146 215 308 48 50 55 155 5 13 108 71 19 H1FY21 Combat Sports H1FY22 Cricket H1FY23 Esports Others 581 73 151 357 308 70 102 136 H1FY22 India H1FY23 Others 18 108 19 71 H1FY21 US    Revenue growth of 89% in H1FY23 compared H1FY22, owing to strong growth in revenues from the US market where Sportskeeda scaled video business with Snapchat

Invigorate Core Business

• • Increase user acquisition spend to drive subscriber growth Leverage the learning from Kiddopia business to optimize acquisition investment Accelerate production of content updates Increase geographic reach through partnerships in APAC & LatAm • • Brand Partnerships to drive further growth • Wildworks has successfully partnered with Ryan’s World, #1 grossing YouTube channel in the world Negotiating opportunities for similar partnerships with emerging kid influencers to create new revenue streams Key developments since Acquisition Hired new executives to oversee Technology as well as B.I. / Analytics, resulting in immediate productivity and data visibility gains Launched first of 2 holiday game updates in end September, which will likely provide spike in engagement and hence IAP revenues Renewed Tag with Ryan licensing agreement • • • • 16 3 Adtech: Datawrkz: Strong revenue growth of 52% in H1FY23 Figures in Rs. Mn Revenue* EBITDA* EBITDA % 52% CAGR 707 464 10.2% 47 9.2% 65 H1FY22 H1