SHEMAROONSE18 January 2023

Shemaroo Entertainment Limited has informed the Exchange about Investor Presentation

Shemaroo Entertainment Limited

January 18, 2023

The Secretary, National Stock Exchange of India Limited Exchange Plaza, Bandra‐Kurla Complex Bandra (E), Mumbai‐400 051. NSE Symbol: SHEMAROO

Dear Sir / Madam,

The Secretary, BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai‐400 023. Scrip Code : 538685

Re: SHEMAROO ENTERTAINMENT LIMITED ‐ ISIN: INE363M01019

Sub: ‐ Earnings Con. Call Presentation – Intimation under Reg. 30(6) of SEBI (LODR),

Regulations, 2015

Please find enclosed herewith Earnings Presentation of Shemaroo Entertainment Limited for

the Quarter and nine months ended December 31, 2022 (Q3‐FY23).

This is for your information and records.

The same is also disseminated on the website of the Company i.e. www.shemarooent.com

Thanking you,

Yours faithfully, For Shemaroo Entertainment Limited

Hiren Gada CEO & Compliance Officer DIN:01108194

Encl.: As above

SHEMAROO ENTERTAINMENT LIMITED Shemaroo House, Plot No. 18, Marol Co - Op. Industrial Estate, Off Andheri Kurla Road, Andheri (E), Mumbai - 400 059. Tel.: +91 - 22 4031 9911 | Fax: +91 - 22 2851 9770 | Email: shemaroo@shemaroo.com shemarooent.com | CIN: L67190MH2005PLC158288

Shemaroo Entertainment Limited | Q3/9M-FY23

2 At a Glance

Offering content across Bollywood, Devotional, Regional, Comedy, Kids, Health and Lifestyle and more to leading platforms

Strong content offerings in multiple countries across the globe

One of the largest content houses with 4,000+ content library

Six decades of experience as a Household Media Brand

In-depth understanding of consumers’ entertainment needs

Building B2C presence with multiple businesses launched in recent years

Revenue FY22 INR 3,814 Mn

EBITDA FY22 INR 358 Mn

PAT FY22 INR 53 Mn

Net Worth FY22 INR 5,818 Mn

3 Overview

• Founded in 1962 as a book circulating library, today Shemaroo Entertainment Limited (Shemaroo) is a leading Indian content

powerhouse with a global reach, headquartered out of Mumbai and employs 550+ people

• Shemaroo is a pioneer in content aggregation and distribution in India and globally with offerings spread across Television, Mobile,

Internet, OTT, Preloaded devices, etc.

• Identifying that movies have the longest shelf life for television and other media content, Shemaroo pioneered the movie library

syndication business by acquiring movie titles from producers and distributing it to broadcasters and other media platforms

• Shemaroo has grown multifold over the years, developing excellent relationships across the media industry value chain, to become one

of the largest organized players in a fragmented industry

Operational Revenue (INR Mn) and EBITDA Margin (%)

9M FY23 Revenue Distribution

Traditional Media

Digital Media

27.8%

1,718

3,960

15.0%

1,978

3,153

FY19

FY20

1,814

9.4%

4.0%

2,000

1,704

2,217

7.8%

FY22

9M-FY23

1,494

1,617

FY21

Traditional (INR Mn)

Digital (INR Mn)

EBITDA Margin

57%

43%

Q3/9M-FY23 HIGHLIGHTS

5 Q3/9M-FY23 Key Financial Highlights

Q3-FY23 performance (Consolidated)

9M-FY23 performance (Consolidated)

INR 1,496 Mn Revenue from Operations

INR 94 Mn EBITDA

6.31% EBITDA Margin

INR 3,921 Mn Revenue from Operations

INR 304 Mn EBITDA

7.75% EBITDA Margin

INR 9 Mn Net Profit

0.59% Net Profit Margin

INR 0.32/share EPS

INR 45 Mn Net Profit

1.15% Net Profit Margin

INR 1.66/share EPS

Q3-FY23 Profit and Loss includes expenses on new initiatives (net of revenue) - INR 222 Mn

9M-FY23 Profit and Loss includes expenses on new initiatives (net of revenue) - INR 529 Mn

Divisional Breakup (Consolidated):

INR Mn

Q3-FY23

Q3-FY22

Y-o-Y Growth

9M-FY23

9M-FY22

Y-o-Y Growth

Digital Media

Traditional Media

Income from Operations

584

911

1,496

476

423

899

22.7%

115.5%

66.3%

1,704

2,217

3,921

1,350

1,528

2,878

26.3%

45.1%

36.2%

6 Q3/9M-FY23 Key Operational Highlights

•

The advertising spends were muted in Q3 primarily on account of lower spends by 1) new-age advertisers on digital and 2) inflationary pressures on traditional advertisers; we believe advertising spends will continue to remain under pressure in Q4

• Despite external uncertainties, the Company witnessed an increase in revenue which can be largely attributed to a lower revenue base and growth in the broadcasting business due to viewership growth and addition of a new channel; the contribution of B2C revenue in the total revenue has doubled in 9M FY23 vs same period last year

•

Tepid advertising growth resulted in lower than budgeted revenue, thereby affecting margins of the Company, while it continued its investments in the B2C initiatives on the back of strong content performance metrics

ShemarooMe

•

ShemarooMe Gujarati

•

Released 14 new titles during the quarter with content across movies, web series and plays

Released its original web series 'Yamraj Calling S2' which was well received by the audience

Digital world premiere of blockbuster movie ‘Fakt Mahilao Maate’

YouTube: With 63 mn subscribers, Shemaroo FilmiGaane is the 21st most subscribed channel in the world

• Other Digital Updates: Partnered with Audible for exclusive podcast series

• Broadcasting:

• Both Shemaroo TV and Shemaroo Umang have consistently been amongst the top three in the FTA GEC genre

•

Shemaroo GEC channels have a combined viewership share of over 10% in the overall Hindi GEC genre

• Ratings for Shemaroo MarathiBana remained steady during the quarter

7 Shemaroo YouTube Monthly Views

ShemarooMe

•

ShemarooMe Gujarati:

•

Released 14 new titles during the quarter with content across movies, web series and plays

Released its original web series 'Yamraj Calling S2' which was well received by the audience

Digital world premiere of blockbuster movie ‘Fakt Mahilao Maate’

9 Shemaroo Broadcasting

• Both Shemaroo TV and Shemaroo Umang have consistently been amongst the top three in the FTA GEC genre

•

Shemaroo GEC channels have a combined viewership share of over 10% in the overall Hindi GEC genre

• Ratings for Shemaroo MarathiBana remained steady during the quarter

Consolidated Quarterly Financial Performance

Particulars (INR Mn)

Revenue from Operations

Total Expenses

EBITDA

EBITDA Margin (%)

Other Income

Depreciation

Finance Cost

PBT

Tax

PAT

Minority Interest & Share of profit/ (loss) in associate company

PAT after adjustments

PAT Margin (%)

Comprehensive Income

Total Profit including Comprehensive Income( Net of tax)

EPS (INR)(not annualised)

Q3-FY23

Q2-FY23

Q-o-Q

Q3-FY22

Y-o-Y

1,496

1,401

6.31%

(1)

1,466

1,337

128

2.0%

4.8%

(26.4)%

899

801

66.3%

74.9%

(3.6)%

8.75%

(244) Bps

10.88%

(457) Bps

(1)

53.4%

(7.3)%

12.7%

(80.8)%

(70.2)%

(73.9)%

221.8%

(26.1)%

28.8%

(54.6)%

(45.4)%

(52.6)%

0.59%

2.31%

(172) Bps

2.07%

(148) Bps

0.32

(1)

1.25

(73.0)%

(73.9)%

(0)

0.69

(52.4)%

(52.6)%

Consolidated YTD Financial Performance

Particulars (INR Mn)

Revenue from Operations

Total Expenses

EBITDA

EBITDA Margin (%)

Other Income

Depreciation

Finance Cost

PBT

Tax

PAT

Minority Interest & Share of profit/ (loss) in associate company

PAT after adjustments

PAT Margin (%)

Comprehensive Income

Total Profit including Comprehensive Income( Net of tax)

EPS (INR)(not annualised)

9M-FY23

9M-FY22

Y-o-Y

3,921

3,617

304

7.75%

223

(4)

1.15%

(2)

1.66

2,878

2,607

271

9.43%

199

(5)

(1)

1.12%

(0)

1.18

36.2%

38.8%

12.1%

(168) Bps

386.4%

(24.3%)

12.4%

164.1%

47.8%

40.5%

3 Bps

35.4%

40.5%

Shemaroo In Digital Media

Shemaroo was one of the early Indian media companies to syndicate its library to the high growth digital media platforms, thereby gaining early mover advantage

Q3-FY23 Digital Media Performance (INR Mn)

9M-FY23 Digital Media Performance (INR Mn)

1,704

1,350

584

476

•

The company caters to all types of revenue models like subscription, pay per transaction, advertisement supported (free to consumer), etc. Due to its large library ownership, Shemaroo has the ability to slice and dice content and package it in different ways that are more suited for the digital media platforms

Q3-FY22

Q3-FY23

9M-FY22

9M-FY23

ShemarooMe

Internet and OTT

Digital Media Presence

• ShemarooMe is the OTT platform launched in Feb’19 – offering vast content

library across Bollywood, Gujarati, Marathi, Kids, Punjabi, Comedy, Devotional, etc.

• Has partnerships with all leading Indian Telcos

• Shemaroo distributes content across various video platforms like YouTube, Netflix, Amazon Prime, MX Player, Jio, Tata Play Binge etc.

13 Shemaroo in Traditional Media

Advertisement led Satellite Channel

• Shemaroo launched a satellite FTA channel named ‘Shemaroo MarathiBana’

in Jan’20, targeted to be a prominent leader in the Marathi movie genre

• It launched a satellite FTA GEC channel named ‘Shemaroo TV’ in May’20,

targeted towards HSM market and serving daily entertainment needs of

consumers

• It launched its third satellite FTA channel named ‘Shemaroo Umang’, a Hindi

GEC channel, in April’22

Subscription Based Services

Q3-FY23 Traditional Media Performance (INR Mn)

9M-FY23 Traditional Media Performance (INR Mn)

2,217

1,528

911

• In partnership with major DTH and Cable operators, Shemaroo operates

423

subscription-based, ad-free content services across various genres like

Movies, Devotion, Comedy and Regional

Television Syndication

Q3-FY22

Q3-FY23

9M-FY22

9M-FY23

• Shemaroo has a diverse content library which it syndicates to various

TV Syndication Platforms

satellite channels, cable and terrestrial networks

• Considering the vast and diverse library of Shemaroo,

it can be easily

assumed that most broadcasting channels would have some content

Satellite Television

syndicated from Shemaroo at sometime or the other

• Predominantly consists of Hindi films • This includes Movie Channels, Kids Channels, Music

Channels, News Channels etc.

• Enter into exclusive agreements for a film or package of films with a particular group of movie channels for a specified period of time

14 Historical Consolidated Income Statement

Particulars (INR Mn) Revenue from Operations

Total Expenses

EBITDA

EBITDA Margin (%)

Other Income

Depreciation

Finance Cost

Exceptional Items

PBT

Tax

PAT

Minority Interest & Share of profit/ (loss) in associate company

PAT after adjustments

PAT Margin (%)

Comprehensive Income

Total Profit including Comprehensive Income (Net of tax)

EPS (INR) (not annualised)

FY20

FY21

FY22

9M-FY23

5,131

4,363

768

14.97%

244

(62)

417

113

304

(3)

301

5.87%

309

11.09

3,111

2,986

126

4.04%

284

(221)

(2)

(219)

(215)

(6.91%)

(205)

(7.90)

3,814

3,455

358

9.40%

259

1.38%

(3)

1.94

3,921

3,617

304

7.75%

223

(4)

1.15%

(2)

1.66

15 Historical Consolidated Balance Sheet

Equity and Liabilities (INR Mn)

FY21

FY22

H1FY23

Shareholders Fund Share Capital Other Equity Total Equity

Non controlling interest

Non Current Liabilities Long Term borrowings Lease Liability Deferred tax liabilities (Net) Long tem provisions Total Non-Current Liabilities Current Liabilities Short Term Borrowings Trades payables Other Financial Liabilities Lease Liability Other Current Liabilities Short Term Provisions Total Current Liabilities Total

272 5,491 5,763

(45)

174 1 18 11 204

2,451 252 76 9 32 22 2,843 8,765

272 5,546 5,818

(47)

116 1 4 8 128

2,362 493 73 1 48 13 2,989 8,888

272 5,589 5,861

(44)

166 - - 16 181

2,715 613 84 1 128 9 3,550 9,548

Assets (INR Mn) Non Current Assets Fixed Assets Property, Plant & Equipment Intangible assets Investment Property Right of use assets Investments Long Term Loan and Advances Other Financial Assets Other Non-Current Assets Deferred tax assets (net) Total Non-Current Assets Current Assets Inventories Trade Receivables Cash and Cash Equivalents Other Bank Balances Short Term loan and advances Other Financial Assets Current Tax Assets (Net) Other Current Assets Total Current Assets Total

FY21

FY22

H1FY23

255 9 - 9 25 1 6 19 - 324

7,303 547 8 65 2 7 245 264 8,442 8,765

215 7 1 1 25 1 8 11 - 270

7,149 566 16 67 1 5 419 394 8,617 8,888

336 6 1 1 25 1 11 11 10 403

7,011 998 15 12 2 - 439 667 9,144 9,548

16 Historical Consolidated Financial Charts

Operational Revenue (INR Mn)

EBITDA (INR Mn) and EBITDA Margin (%)

5,678

5,131

3,814

3,921

3,111

FY19

FY20

FY21

FY22

9M-FY23

Net Worth (INR Mn) and ROCE (%)

28.41%

6,000

5,970

5,717

5,763

5,818

11.59%

0.87%

4.94%

4,250

FY19

FY20

FY21

FY22

30.00%

27.00%

24.00%

21.00%

18.00%

15.00%

12.00%

9.00%

6.00%

3.00%

0.00%

2,000

27.79%

1,600

1,200

800

400

1,578

14.97%

768

FY19

FY20

30.00%

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%

9.40%

358

7.75%

304

FY22

9M-FY23

4.04%

126

FY21

PAT (INR Mn) and EPS (INR)

30.52

830

900

600

300

-300

11.09

301

FY19

FY20

-5

-10

1.94 53

1.66 45

FY22

9M-FY23

(215)

(7.90)

FY21

17 Capital Market Data

60%

50%

40%

30%

20%

10%

-10%

-20%

-30%

1 Year Stock Market Performance (as on 31st December, 2022)

Jan-22

Feb-22

Mar-22

Apr-22

May-22

Jun-22

Jul-22

Aug-22

Sep-22

Oct-22

Nov-22

Dec-22

Shemaroo

Sensex

Price Data (As of 31st December 2022)

Face Value

Market Price

52 Week H/L

Market Cap (INR Mn)

Equity Shares Outstanding (Mn)

1 Year Avg. Trading Volume ('000)

INR

10.0

169.20

202.95/92.50

4,599.23

27.18

99.15

Shareholding Pattern (As on 31st December, 2022)

Public-Others 33.94%

Promoters 65.88%

FII 0.18%

18 Disclaimer

Shemaroo Entertainment Limited

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 Shemaroo Entertainment Limited (“Company” or “Shemaroo”), 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.

Valorem Advisors Disclaimer:

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.

For further information please contact our Investor Relations Representative:

Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903-9500 Email: shemaroo@valoremadvisors.com Investor Kit Link: www.valoremadvisors.com/shemaroo

THANK YOU

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