Nazara Technologies Limited

53%

our diversified portfolio and disciplined execution. Nazara’s core Gaming segment revenues grew by 53%, fuelled by strategic acquisitions including Fusebox Games as well as strong performance by existin

INR 495 crore

Joint MD and CEO Nazara – PGConnects – London 3 KEY UPDATES 4 1 Fund Raise: Nazara to raise INR 495 crores from existing investors, stake increase to trigger open offer Nazara – PGConnects – London Pr

rs,

ts – London 3 KEY UPDATES 4 1 Fund Raise: Nazara to raise INR 495 crores from existing investors, stake increase to trigger open offer Nazara – PGConnects – London Preferential Issue Open Off

5.40%

clude Arpit Khandelwal and Mithun Sacheti, will infuse INR 495 crores into the Company to acquire ~5.40% stake through a preferential issue of equity shares at a price of INR 990 per share. This transact

INR 990

nto the Company to acquire ~5.40% stake through a preferential issue of equity shares at a price of INR 990 per share. This transaction has been approved by the Company’s board and is subject to shareholder

26%

P and Axana Estates LLP, along with PACs, will launch a public open offer to acquire an additional 26% stake in Nazara, as per SEBI (SAST) Regulations, 2011. This is subject to regulatory approvals and

60%

oss both physical and digital domains 8 3a M&A - Hybrid Gaming: Nazara announces acquisition of 60% stake in Funky Monkeys for INR 43.7 crores Nazara – PGConnects – London Overview Financial S

INR 43.7 crore

omains 8 3a M&A - Hybrid Gaming: Nazara announces acquisition of 60% stake in Funky Monkeys for INR 43.7 crores Nazara – PGConnects – London Overview Financial Summary • Nazara has agreed to acquire 60%

15 crore

currently has 11 centers across India. • Nazara will invest a total of INR 43.7 crores (including 15 crores • of primary investment) for a 60% stake. The founders, Binita Putcha and Sanjay Ghadiali, will

7.7 million

thereafter 3b M&A : Nazara acquires CATS: Crash Arena and King of Thieves from ZeptoLab for USD 7.7 million Nazara – PGConnects – London • Nazara is bolstering its mobile gaming portfolio with the acquis

1.5 billion

gaming franchises like Cut The Rope, CATS: Crash Arena, Turbo Stars, and King of Thieves, with over 1.5 billion downloads globally According to App Annie, CATS: Crash Arena ranks as the 11th highest- grossing ti

25x

essfully scaling assets within the group Nazara – PGConnects – London FY24 Revenues: 426.5 Cr 25x in 6 years 14x in 4 years FY18 Revenues: 17.0 Cr FY20 Revenues: 14.2 Cr Media Rights Ki

“26 Gaming -> Kiddopia: Expansion through new IP launches and additional UA channels expected to drive user growth in the coming quarters Nazara – PGConnects – London Q3 FY25: EBITDA margin at 25.2% Quarterly KPIs Figures in INR Cr 54.7 168.6 47.6 145.5 Key Metrics Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 28.2% 25.2% 26.3% 23.6% CPT1 ($) $40.9 $39.0 $38.6 $40.9 $43.6 15.4 12.0 44.4 Marketing Spend (Mn) 34.4 Avg.”

“28 Gaming -> Animal Jam: Among Top Ranked Apps for Kids in Apple App Store (9-11 years) Nazara – PGConnects – London Gamified Early Learning Geographies: USA 89% RoW 11% Audience: 8-12 years old (Majority girls) Revenue Model: IAP, Subscription Note: Ranking Based on App Annie Top Grossing rank for Kids between 9-11 years in the United States (iOS devices) 29 Gaming -> Animal Jam: EBITDA boost in Q3FY25 Q3 FY25: Healthy growth Figures in Rs.”

“Revenue EBITDA EBITDA% % of New Users who Monetize 2.6% 2.6% 2.4% 2.5% 2.2% Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Nazara – PGConnects – London 30 Gaming -> Classic Rummy: EBITDA break-even achieved aided by operational efficiency Nazara – PGConnects – London Quarterly GGR Trend (INR Crores) 18.6 17.3 16.7 15.5 15.6 16.5 15.7 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 17.3 15.7 9.1 7.6 Figures in Rs.”

“Cr Q3 FY24 (2.5) 7.4 5.1 0.2% 0.0 Q3 FY25 GGR Revenue GST EBITDA • • EBITDA reached break-even in Q3FY25, marking a significant financial improvement compared to last year.”

“• We expect NH7 Weekender to be held in March 2025; some artistes have agreed to join when it is rescheduled, and sponsors are supportive.”

“There are additional loans and debentures totaling ~INR 35 crores which will be provisioned in due course based on their recoverability.”

“Since then the business has been consolidated in the books of Nazara • Datawrkz on a standalone basis posted revenue growth of 38% YoY with EBITDA margin of 14.1% in Q3FY25 as efforts that were being made in prior quarters to shift towards more profitable business lines in Datawrkz's independent business are bearing fruit The company will be continuing its investment in sales and marketing to sustain the growth witnessed in Q3FY25.”

Revenues

6

Notes

2

Download

1

MAU

1

Download

App Store & Play Store King of Thieves Download: App Store & Play Store 10 OUR STRATEGY 11 Strategy: Disciplined approach to M&A with proven track record of scaling businesses Nazara – PGConnects – London Strong track record of acquiring, successfully integrating and scaling up Robust M&A pipeline Strong M&A pipeline, actively evaluating strategic acquisitions in gaming, media, and entertainment; presence and sponsorships at leading global gaming events including GDC, PGC and IGDC Rigorous Evaluation Framework A structured, multi-stage evaluation process, including strategic fit assessment, financial due diligence, and risk analysis Integration Capabilities A well-defined integration playbook to drive operational synergies, streamline business functions, and maximize post-acquisition growth potential 12 Strategy: Accelerating Growth Through Centres of Excellence Nazara – PGConnects – London The AI COE drives continuous learning and innovation by integrating AI into operations, evaluati

Revenues

14.2 Cr Media Rights Kick In South Asia Expansion Investment by Acquired by Jan-2018 $28 million fund raise in Q1FY24 Mar’20 MAU: 42 mn Acquired by Sep-2019 Mar’22 MAU: 68 mn Launched NBA and NFL Global leader in Wrestling Mar’21 MAU: 50 mn Launched esports and MMA Strong growth in US Sports- NBA, NFL and MLB FY24

Revenues

58.2 Cr Sep’19 Subs: 87k Acquired by Jan-2020 Data driven UA spends Among Top 5 grossing Apps Content Updates Monthly Price hike FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 14 Business well-diversified across demographics, geographies, and operating models Nazara – PGConnects – London Revenue by Segment (Q3 FY25) EBITDA by Segment (Q3 FY25)* Adtech Gaming 28% 29% eSports 43% Adtech 12% eSports 32% 56% Gaming Revenue by Geography (Q3 FY25) Revenue by Business Model (Q3FY25) Rest of the World India Platform Fees 20% IAP 14% Subscription 12% *as a % of EBITDA (Pre-Unallocated Corporate Costs) 46% 19% 35% North America Advertising 23% 31% Sponsorship, Media and Retail 15 FINANCIAL UPDATE 16 Continued growth trajectory, highest-ever quarterly EBITDA Quarterly Revenue Nazara – PGConnects – London 535 91 110 130 123 131 130 186 175 264 223 315 289 254 297 320 266 250 319 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3

Notes

1. Net Revenue and EBITDA are for Moonshine Technologies, which operates Pokerbaazi, and operating metrics are for PokerBaazi. Moonshine is reported as an associate in the books and is not consolidated. 2. All numbers are based on unaudited financials 24 Gaming -> Kiddopia: Among Top Grossing App for Kids (Under 5 years) in the US Nazara – PGConnects – London Gamified Early Learning Geographies: USA 80%; RoW 20% Audience: 2-8 years old Revenue Model: Subscription Note: Based on Sensor Tower Top Apps for Kids under 5 in the United States (iPhone) Kiddopia Merchandise: Link Little Angels, now in Kiddopia: Link 25 Gaming -> Kiddopia: Unlocking growth through IP integrations into Kiddopia Nazara – PGConnects – London Partnerships with Barbie (Mattel) and Little Angel • • Paper Boat Apps, owner of Kiddopia has entered into a licensing agreement with Moonbug Entertainment, owner of the popular IP, Little Angel to integrate Little Angel into Kiddopia, and a licensing agreement with Mattel, fo

Notes

1. Metrics for iOS 2. CPT= Cost per Trial 3. Nazara has filed the Scheme of Arrangement with the stock exchanges for the amalgamation of Paper Boat Apps Pvt Ltd with Nazara, and the appointed date of the scheme would be October 1, 2024. 27 Gaming -> Fusebox: Strong traction in revenue Nazara – PGConnects – London • In August 2024, Nazara had acquired 100% stake in Fusebox Games, a well- established IP based gaming studio in the United Kingdom. • Headquartered in London, Fusebox publishes a successful interactive story genre game ‘Love Island’. • • • The monetization model purchases, which accounted for ~92% of the total revenues in YTD Dec’24. for Fusebox Games is primarily through in-app Fusebox has been reporting strong performance, with key financial and operating metrics witnessing a healthy improvement including revenue, DAU and active payers. The studio recently signed agreements to acquire rights to produce new games based on popular reality TV shows "Bigg Boss" and “Big Brother