Nazara Technologies Limited

30%

e any forward-looking statements made from time to time by or on behalf of the Company. 2 Q2FY24: 30% EBITDA and 53% PAT growth in Q2; H1FY24 EBITDA margin of 11.1% We are delighted to report consiste

53%

ooking statements made from time to time by or on behalf of the Company. 2 Q2FY24: 30% EBITDA and 53% PAT growth in Q2; H1FY24 EBITDA margin of 11.1% We are delighted to report consistent year-on-year

11.1%

on behalf of the Company. 2 Q2FY24: 30% EBITDA and 53% PAT growth in Q2; H1FY24 EBITDA margin of 11.1% We are delighted to report consistent year-on-year growth in both revenue and profit for Q2 and H1

INR 510 crore

ames to the expanding consumer base. During this quarter, we successfully secured fresh capital of INR 510 crore from investors like Nikhil Kamath, a prominent tech entrepreneur in India, and SBI Mutual Fund, th

INR 1,300 crore

and SBI Mutual Fund, the country's largest mutual fund. With a consolidated cash position of around INR 1,300 crore, Nazara is exceptionally well-positioned to seize acquisition opportunities and expedite our growth

13%

growth in the years ahead." We wish you all a Happy Diwali! Nitish Mittersain Joint MD and CEO 3 13% revenue growth, 30% EBITDA and 53% PAT growth in Q2FY24 (All figures in INR Cr) Revenue from opera

9.4%

ofit from Discontinued Operations Final PAT PAT% Q2FY24 297.2 130.5 47.4 16.7 48.9 25.8 269.4 27.9 9.4% 1.2 2.7 15.1 12.3 21.2 -1.3 22.5 0.0 1.7 24.2 8.1% Q2FY23 263.8 101.7 71.3 14.6 34.4 20.4 242.4 21

8.1%

2FY24 297.2 130.5 47.4 16.7 48.9 25.8 269.4 27.9 9.4% 1.2 2.7 15.1 12.3 21.2 -1.3 22.5 0.0 1.7 24.2 8.1% Q2FY23 263.8 101.7 71.3 14.6 34.4 20.4 242.4 21.4 8.1% 7.6 0.9 11.9 23.2 24.2 8.9 15.3 0.0 0.5 15.

6.0%

Q2FY23 263.8 101.7 71.3 14.6 34.4 20.4 242.4 21.4 8.1% 7.6 0.9 11.9 23.2 24.2 8.9 15.3 0.0 0.5 15.8 6.0% YoY% 13% 30% 53% H1FY24 551.7 216.8 93.1 34.5 94.3 52.1 490.7 61.0 11.1% 1.3 3.9 30.3 24.0 49.5

8.2%

1FY24 551.7 216.8 93.1 34.5 94.3 52.1 490.7 61.0 11.1% 1.3 3.9 30.3 24.0 49.5 6.2 43.4 0.0 1.7 45.0 8.2% H1FY23 486.9 172.9 146.3 25.8 62.8 36.7 435.5 51.4 10.6% 7.6 1.3 26.2 29.8 46.1 15.0 31.2 0.0 0.5

10.6%

3 3.9 30.3 24.0 49.5 6.2 43.4 0.0 1.7 45.0 8.2% H1FY23 486.9 172.9 146.3 25.8 62.8 36.7 435.5 51.4 10.6% 7.6 1.3 26.2 29.8 46.1 15.0 31.2 0.0 0.5 31.7 6.5% YoY% 13% 19% 42% 4 Cash balance of INR 820+

6.5%

Y23 486.9 172.9 146.3 25.8 62.8 36.7 435.5 51.4 10.6% 7.6 1.3 26.2 29.8 46.1 15.0 31.2 0.0 0.5 31.7 6.5% YoY% 13% 19% 42% 4 Cash balance of INR 820+ Cr as of Sep-23, Proforma Cash of INR 1,300+ Cr p

Leverage Internal Synergies

1

Data-Driven Decision Making

1

Monetization Strategies

1

Community Engagement

1

Ecosystem Relationship

1

Our goal

1

Note

1

Source

1

Investor Relations Advisors

1

Leverage Internal Synergies

Harness the collective skills of our diverse internal talent and state-of-the-art tools to fuel organic growth.

Ecosystem Relationship

Better access to ecosystem players, engage in knowledge exchange In addition, we will also continue to look at M&A opportunities in eSports and Adtech segments 15 Nazara Publishing: We have launched India’s first comprehensive game publishing platform (1/2) Nazara to partner with Global developers to localize and publish their games for the regional markets; as well as partnering with Indian developers to publish their games globally

Our goal

• To empower the next generation of leaders in India's gaming industry, utilizing Nazara's extensive experience in elevating prominent gaming enterprises and profound expertise in the gaming domain To bring best of the world’s games to India and other regional markets • User acquisition, Monetization Nazara’s role as a publisher QA testing, Market testing of Game Inputs on localization, live ops, customer feedback, Providing ecosystem relationships to game development studio Brand building and Community Management Game Developers will engage in game development and engineering required for improvement, localization and Live Ops etc 16 Nazara Publishing: We have launched India’s first comprehensive game publishing platform (2/2) Launch Outreach to Indian developers launched at India's leading event for the developer community (IGDC) received a good response Investment Nazara will commit a minimum of INR 1 Crore per game and aims to publish up to 20 games over the next 18 months Value pr

Note

1. Metrics for iOS 2. CPT= Cost per Trial 21 Gaming -> Animal Jam: #1 Grossing* App for Kids (9-11 years) in the US Gamified Early Learning Geographies: USA 80% RoW 20% Audience: 8-12 years old (Majority girls) Revenue Model: IAP, Subscription Quarterly Financials (INR Cr) 22.4 22.0 21.9 22.5% 5.0 24.0% 5.3 11.6% 2.6 Q4FY23 Rev Q1FY24 EBITDA Q2 FY24 EBITDA% Focus so far has been on optimizing costs to deliver EBITDA margin. We have also improved monetization loops within the game which should support revenue growth going forward Note: Ranking Based on App Annie Top Grossing rank for Kids between 9-11 years in the United States (iOS devices) 22 Gaming -> Animal Jam: Strategic transformation of a cherished IP Key recent business updates • Animal Jam enjoyed an ARPDAU improvement over 46% $0.15 $0.16 ARPDAU $0.18 $0.21 $0.21 ARPDAU • Due to significant increases in compelling IAPs that from Q2FY23 to Q2FY24 resonated with players, the average revenue per daily active user has risen by 35%

Source

1) Ranking based on unique visitors 34 eSports -> Sportskeeda: 50% revenue and 44% EBITDA growth in H1FY24 Figures in INR Cr 41.4 28.1 26.0% 7.3 23.2% 9.6 87.2 58.1 29.9% 17.4 28.8% 25.1 Q2FY23 Q2FY24 H1FY23 H1FY24 Figures in INR Cr Revenue Split by Sports 87.2 10.2 58.1 11.2 15.8 21.0 16.9 14.4 18.8 37.1 Revenue Split by Geography 87.2 11.4 19.4 56.4 5.3 58.1 17.2 35.6 1. Q2FY24 and H1FY24 financials includes PFN Revenue EBITDA EBITDA% H1FY23 Combat Sports Cricket H1FY24 Esports Others H1FY23 US India H1FY24 Others Sportskeeda EBITDA margin declined due to PFN, which reported a loss in Q2FY24. PFN turned profitable in September 2023 Average Monthly MAU (million) 71.3 76.6 76.6 71.3 81.6 83.2 Sportskeeda crossed the 100 million active users in September 2023 1.16x Average Time Spent (Minutes: Seconds) 1.3x 4:38 3:41 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q1FY23 Q1FY24 35 Sportskeeda Heroes of Tomorrow – Supporting talent at grassroots level Harmilan Bains (Winner of Silver Medals in

Investor Relations Advisors

Nazara Technologies Limited CIN: U72900MH1999PLC122970 Mr. Rakesh Shah Chief Financial Officer Ms. Anupriya Sinha Das Head of Corporate Development investors@nazara.com www.nazara.com Strategic Growth Advisors Private Limited Rahul Agarwal / Karan Thakker rahul.agarwal@sgapl.net / karan.thakker@sgapl.net +91 982143 8864 / +91 81699 62562 www.sgapl.net 39