SAREGAMANSE10 February 2025

Saregama India Limited has informed the Exchange about Investor Presentation

Saregama India Limited

Date: 10th February, 2025

The Manager, Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra – Kurla Complex, Bandra (East), Mumbai – 400 051

The General Manager, The Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

Symbol: SAREGAMA

Scrip Code: 532163

Subject: Update under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 (“SEBI Listing Regulations”)

Reference: Unaudited Financial Results (Standalone and Consolidated) for the quarter ended on

31st December, 2024.

Dear Sir/ Madam,

Pursuant to Regulations 30 of SEBI Listing Regulations, as amended from time to time, and in continuation to our earlier communication sent today, please find enclosed the following for the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended on 31st December, 2024:

1. Press Release on Earnings; and 2. Investor Presentation.

This information is available on the website of the Company www.saregama.com

You are requested to kindly take the abovementioned on record.

Yours Faithfully, For SAREGAMA INDIA LIMITED

Priyanka Motwani Company Secretary and Compliance Officer Encl: As above

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

Q3 FY23 – Saregama posted highest ever Revenue of Rs.4834Mn and

PAT of Rs.623Mn

Building IP for Tomorrow

Mumbai, February 10th, 2024: Saregama, a RPSG Group company, announced its financial results for the Quarter and Nine Months Ended December 31, 2024

Company’s Revenue from Operation at Rs.4834 Mn grew 100% on Q-o-Q basis and 137% on Y-o-Y basis, courtesy revenue from Event segment which is Rs.2789 Mn in Q3FY25 as against Rs.100 Mn in corresponding quarter last year;

Company’s Profit After Tax of Rs.623 Mn registering a 39% growth on Q-o-Q basis and 19% on Y-o-Y basis;

Content charge for the quarter increased to Rs.318Mn for Q3FY25 as compared to Rs.246Mn in corresponding quarter of previous year i.e. 29% Y-o-Y;

The Board has declared an interim dividend of Rs.4.50 per share (450 % on the face value of Re.1 each).

Key Operational Highlights:

➢ Saregama Live “Dil Luminati” became the biggest live musical concert of 2024. With audience turnout of 3,75,000 plus across 15 shows (14 in India and 1 in Abu Dhabi), the tour broken all records, becoming the fastest-selling and highest-grossing concert event in Indian history of an Indian Artist.

➢ Quarter saw film music releases of Rohit Shetty’s franchise film Singham Again; Alia Bhatt starrer Jigra in Hindi; Ram Charan and Kiara Advani starrer Game Changer in Telugu; Sivakarthikeyan, Sai Pallavi starrer Amaran in Tamil; Kichcha Sudeep’s Max in Kannada etc. and Non-film song Morni by Badshah; multiple songs by Neelkamal Singh and Arvind Akela Kallu in Bhojpuri, by Rakesh Barot and Tejas Thakor in Gujarati, by Satindar Sartaj in Punjabi, Abhijeet Sawant in Marathi etc.

➢ During the Quarter, Company foray into Hip Hop Music with acquisition of 130 plus songs of MTV Hustle 4. Company released 1250 plus Originals and Premium Recreations across Hindi, Bhojpuri, Gujarati, Punjabi, Tamil, Telugu, Malayalam, Marathi and Bengali languages. Company also released 400 plus derivatives (LoFi, Trap Mix, Cover, Acoustic etc.) which is driving the popularity and growth of its catalogue.

➢ The other highlight of the quarter was the use of our songs for The Roshans, Dinner With Kapoors, Fabulous Wives Vs Bollywood running on Netflix; Allu Arjun starrer Pushpa 2, Shahid Kapoor ‘s Deva, Vikrant Massey’s The Sabarmati Report in Hindi, Arvind Swamy starrer Meiyazhagan in Tamil etc. and by brands like Air India, Urban Ladder, Andrex, Mondelez etc. in their ad films.

➢ During the quarter 20+ Influencers/Artist added taking the total Influencers/Artist managed by the Company to 200+ (60% Growth from March’24) with more than 132Mn plus followers and subscribers on Instagram and YouTube.

➢ Digital footprint across Saregama owned and controlled channels touched 324 Mn followers

and subscribers across YouTube, Instagram and Facebook.

Avarna Jain, Vice Chairperson Saregama India, said “The company is in a strong position with its aggressive investment strategy coupled with diversifying business segments. Our focus will continue to be profitable growth as we look forward to unlocking synergies from the complementary business verticals ”.

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: Ayush Sharma| Ayush.sharma@mslgroup.com |+91 99505 56992 Swapnali Morajkar | swapnali.morajkar@mslgroup.com |9892592319

QUARTERLY PRESENTATION | Q3 FY25

SAREGAMA INDIA LIMITED | QUARTERLY PRESENTATION | Q3 FY25

SAREGAMA STRENGTHS

QUARTERLY PRESENTATION | Q3 FY25

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

Large intellectual property portfolio of 160K+ songs, 70+ films, 45+ digital series and 7K+ hours of television content

Digital footprint : 324Mn+ subscribers and followers across YouTube, Instagram and Facebook

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

Investments and Capabilities in Data Analytics and Artificial Intelligence for content acquisition and IP protection

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

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

Experienced and creative leadership through Management Team and Promoter Group

SAREGAMA | KEY FINANCIAL METRICS

Revenue From Operations (INR Mn)

Adjusted EBITDA (INR Mn)

PBT(INR Mn)

QUARTERLY PRESENTATION | Q3 FY25

20% CAGR

8,030

7,366

44% CAGR

3,029

2,712

2,230

1,451

50% CAGR

2,708

2,481

2,044

1,519

5,806

5,447

5,215

4,420

3,566

2,185

786

763

511

237

847

603

389

159

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24

FY23 numbers are re-stated post impact of demerger

QUARTERLY PRESENTATION | Q3 FY25

GLOBAL INDUSTRY HIGHLIGHTS

THE GROWTH OF GLOBAL MUSIC INDUSTRY CONTINUES

QUARTERLY PRESENTATION | Q3 FY25

Global Recorded Music Revenue Grew 10.2% to reach USD28.6 Bn in 2023

0.6

0.7

0.9 0.3

0.8 0.9

22.2

20.9

21.5

0.9

1.8

0.1

1.1

2.5

0.2

1.2

3.2

0.3

18.4

17.9

16.7

15.1

10.9

1.2

3.5

0.4

9.5

0.3 1.3

3.6

0.4

8.1

0.3 1.3

0.6

0.3 1.4

4.2

0.9

7.4

6.8

0.3 1.6

4.1

1.3

6.1

0.4

2.2

1.2

0.4

2.4

1.4

12.7

10.7

0.4

2.5

1.6

0.4

2.2

2.5

8.8

6.2

0.3

2.1

4.4

0.3 1.7

3.8

1.8

0.3

1.8

3.6

2.6

5.3

5.1

4.9

4.8

4.1

3.9

3.7

4.3

4.5

5.1

1 9 9 9

2 0 0 0

2 0 0 1

2 0 0 2

2 0 0 3

2 0 0 5

2 0 0 4 Total Physical

2 0 0 6

Source: IFPI Global Music Report 2024

2 0 0 8

2 0 0 7 Total Streaming

2 0 0 9

2 0 1 1

2 0 1 0 2 0 1 2 Downloads and Other Digital

2 0 1 3

2 0 1 4

2 0 1 5

2 0 1 6

2 0 1 7

2 0 1 8

Performance Rights

2 0 1 9 2 0 2 0 Synchronisation

2 0 2 1

2 0 2 2

2 0 2 3

0.6

2.7

0.9

19.3

0.6

2.5

0.9

0.5

2.3

1.1

17.5

15.7

SUBSCRIPTION BUSINESS IS GROWING GLOBALLY

QUARTERLY PRESENTATION | Q3 FY25

Quarter after Quarter contribution from Rest of World is growing among premium subscribers

Source: Spotify Q4 FY24 Published Results

PREMIUM SUBSCRIBERS BREAKUP

Indian Media & Entertainment Sector is expected to grow at 10% pa on the back of Digitisation Saregama has a play in multiple verticals of the Sector

QUARTERLY PRESENTATION | Q3 FY25

MUSIC

VIDEO

LIVE EVENTS

INDUSTRY SIZE (2023): INR 24,000Mn NEXT 3 YEAR GROWTH: 14.7%

DRIVERS

• Easy Access: 750M smart phones • Cheap Data • Fall in Piracy • Streaming turning Pay • Growth in Digital Advertising • Short-format apps inviting

Advertising

FILM INDUSTRY SIZE (2023): INR 197,000Mn NEXT 3 YEAR GROWTH : 6.5%

INDUSTRY SIZE (2023): INR 88,000 Mn NEXT 3 YEAR GROWTH : 17.6%

DRIVERS

• 750M smart phones • 22M connected TVs expected to

grow to 40M by 2025 • 45M SVOD subscribers • 450M+ YouTube users

• Rising Disposable Income • •

Lack of Entertainment options Improvement in Infrastructure

ARTIST / INFLUENCER MANAGEMENT

INDUSTRY SIZE (2023) : INR 18,750 Mn NEXT 3 YEAR GROWTH : 15.8%

DRIVERS

• Due to shift in consumer behavior, there is an upward inclination on advertisements by relatable individuals rather than traditional celebrities

• Brands focus on driving awareness

and engagement through influencers

Biggest driver is Digital Advertising. Grew by 15% last year to INR 576B. This is primarily due to explosion in consumption of content on digital platforms

Source: State of Influencer Marketing India EY Report 2023

Source: FICCI-EY Report March 2024

India’s Influencer Marketing Industry is expected to grow at 18% CAGR to reach INR 3375 Cr

QUARTERLY PRESENTATION | Q3 FY25 QUARTERLY PRESENTATION | Q3 FY25

As 50% of the time spent on mobile phones is on social media platforms, Influencer marketing is the way forward for all the marketers.

Indian Influencer Marketing Size (INR Cr)

3,375

2,344

1,875

1,500

Instagram and YouTube were the most preferred platforms to consume content from influencers

Instagram

YouTube

Facebook

Snapchat

Average

Sharechat

MOJ

Chingari

MX Takatak

Others

169%

163%

133%

125%

100%

97%

78%

59%

41%

34%

2022

2023

2024

2026

EY Estimates

Source: EY Survey Findings: India 2023

With 200+ exclusive Artist/Influencers having more than 130Mn YouTube Subscribers and Instagram followers, Saregama through Pocket Aces is all set to ride on influencer marketing growth trajectory

QUARTERLY PRESENTATION | Q3 FY25

COMPANY OVERVIEW

23% CAGR

5,441

* 4,410

3,585

* 2,361

2,839

1,949

SEGMENTAL GROWTH

QUARTERLY PRESENTATION | Q3 FY25

20% CAGR

1,159

1,024

1,085

14%

702

476

521

FY19

FY20

FY21

FY22

FY23

FY24

* One time income of INR 84Mn in FY23, INR 97Mn in FY22, INR 155Mn in FY21 and INR 21Mn in FY20 are excluded A. Music : Licensing + Artist Management

16%

FY24 Revenue INR 8030 Mn

FY19

FY20

FY21

FY22

FY23

FY24

C. Video : Films, TV and Digital Content

68%

490

2,948

2,062

1,056

861

1,298

1,296

FY19

FY20

FY21

FY22

FY23

FY24

B. Music : Retail

FY23 numbers are re-stated post impact of demerger

134

FY24

FY23

D. Events

OUR LICENSING PARTNERS

QUARTERLY PRESENTATION | Q3 FY25

Streaming Partners Music

Broadcasting Partners Music + Films & Series

Video Streaming Partners Music + Films & Series

uVid

Social Media Platforms Music + Films & Series

Brands Music

OPERATIONAL HIGHLIGHTS

QUARTERLY PRESENTATION | Q3 FY25

MUSIC : LICENSING + ARTIST MANAGEMENT REVENUE PER QUARTER (INR Mn)

QUARTERLY PRESENTATION | Q3 FY25

1,616

1,577

1,480

1,319

1,331

1,178

1,125

1,079

1,198

1,217

992

927

882

1,028

1,900

1,700

1,500

1,300

1,100

900

700

500

802

786

592

Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25

* One time income of INR 84Mn in FY23, INR 97Mn in FY22 and INR 155Mn in FY21 are excluded

# The above number does not include income from Music : Retail business

MUSIC : LICENSING

QUARTERLY PRESENTATION | Q3 FY25

• OTT: In Q3 FY25 Airtel shut down its music streaming platform “Wynk Music” resulting in

short term impact on revenue. Progressive shift seen as paid subscription replaces free consumption. Strong revenue growth in medium to long-term despite short term pressure (due to minimum guarantees going away)

• Brand Licenses: Air India (Supari Studios), Urban Ladder, Andrex (FCB Inferno), Mondelez

(Hogarth) etc.

• Broadcasting: Sun neo (music video deal), MTV Beats (music videos), Doordarshan (NYE

event) etc.

• Digital Content Licenses: The Roshans (Netflix), Dinner With the Kapoors (Netflix), Lt. Lata

Marathi Web Series , Feluda - HoiChoi,, Fabulous Wives vs Bollywood (Netflix)

• Film Sync Licenses: Licenced songs for Allu Arjun Starrer – Pushpa 2, Shahid Kapoor ‘s - Deva, Vikrant Massey’s – The Sabarmati Report in Hindi, Arvind Swamy starrer Meiyazhagan in Tamil, Rudhiram in Malayalam, Mathu Vadalara 2 in Telugu etc.

n o t n e t n o c d e t a r e n e g r e s u d n a

s l e n n a h c d e n w o

s t r o h S e b u T u o Y d n a e b u T u o Y

YOUTUBE VIEWS (Bn) PER QUARTER

YOUTUBE SUBSCRIBERS (Mn)

114

* 150

146

150

140

130

120

110

100

103

107

112

137

126

Q2FY24

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

Q2FY24

Q3FY24

Q4FY24

Q1FY25

Q2FY25

Q3FY25

* aberration due to significant increase in YT Shorts for our major releases like Bad Newz and Stree2 in Q2 FY25.

s ’ t i

s s o r c a P

I a m a g e r a S d e t a e r

s w e i v

l l

s e d u l c n

INVESTMENT IN NEW CONTENT (INR Mn)

QUARTERLY PRESENTATION | Q3 FY25

~10,000 Mn

3,500

3,000

2,500

2,000

1,500

1,000

500

2,356

1,949

1,095

1,192

324

151

195

FY19

FY20

FY21

FY22

FY23

FY24

9M FY25

FY25E

FY26E

FY27E

Investment in New Content = Cost of Content + Marketing

MAJOR FILM ALBUMS RELEASED IN 9M FY25 - BUILDING IP FOR TOMORROW

Film

Language

No. of Songs

Production House

Star Cast

Box Office Collection (Rs. Cr)

QUARTERLY PRESENTATION | Q3 FY25

Stree 2

Hindi

Bad News

Hindi

Sigham Again

Hindi

Kalki 2898 Ad

Telugu

Game Changer

Telugu

Aa Okkati Adakku

Telugu

Amaran

Tamil

06 08

Guruvayooram bala Nadayil

Malayalam 10

Hello Mummy

Malayalam 08

Max

Kannada

Jio Studios, Maddock Films

Shraddha Kapoor, Rajkumar Rao,Pankaj Tripathi,Tamannaah Bhatia

Dharma Productions, Leo Media

Ammy Virk,Vicky Kaushal,Triptii Dimri

Jio Studios,Rohit Shetty Picturez

Ajay Devgn, Akshay Kumar, Kareena Kapoor, Deepika Padukone

Vijayanthi Movies

Amitabh Bachchan,Kamal Haasan,Prabhas,Deepika Padukone

Sri Venkateswara Creations

Ram Charan, Kiara Advani

850+

115+

380+ 1100+

180+

Chilaka Productions

Allari Naresh,Vennela Kishore, Faria Abdullah

10+

Raaj Kamal Films

Sivalarthikeyan, Sai Pallavi, Rahul Bose

335+

Sri Lakshmi Venkateswara Cinemas

Hangover Films, A & HS Production

V Creations & Kichcha Creatiions

Nani, Keerthy Suresh

90+ Sharaf U Dheen,Aishwarya Lekshmi 10+

Varalaxmi Sarathkumar,Baadshah Kichcha Sudeep

60+

a d e p i k i W

: e c r u o S n o i t c e

l l

o C e c i f f

O x o B

MUSIC : LICENSING | CHARTBUSTERS OF 9M FY25 HINDI

QUARTERLY PRESENTATION | Q3 FY25

MUSIC : LICENSING | CHARTBUSTERS OF 9M FY25

TELUGU

TAMIL

MALAYALAM

QUARTERLY PRESENTATION | Q3 FY25

MUSIC : CONTENT CREATION

HINDI

MALAYALAM

TAMIL

TELUGU

QUARTERLY PRESENTATION | Q3 FY25

Film Music

KANNADA

Deepika Padukone

Alex & Devi Sri Prasad

Nakul & Ramya Bhat Abhyankar

Thaman S, Prudhvi Chandra

Vijay Prakash

Ranveer Singh

Ankit Menon & Dabzee

Faisal Razi

Sam CS & Diwakar

Anurag Kulkarni

Alia Bhatt & Diljit Dosanjh

Jakes Bejoy

Rakshita Suresh

Latha Krishna & Deepthi Suresh

Vijay Prakash & Vaish

MUSIC : CONTENT CREATION

QUARTERLY PRESENTATION | Q3 FY25

Non-Film Music

HINDI

GUJARATI

BHOJPURI

BENGALI

DEVOTIONAL

PUNJABI

Badshah, Sharvi Yadav

Rajesh Ahir

Pramod Premi Yadav, Shivani Singh

Devjit & Debosmita Dev

Dijit Dosanjh

Satindar Sartaaj

HARYANVI

Aditya Pushkarna & Mad Trip

Mahesh Vanzara

Arvind Akela Kallu & Anupma Yadav

Ujjaini Mukherjee & Ishan Mishra

Priyanka Singh

Dilraj Kaur & Vijaya Mazumder

MARATHI

Raj Braman

Tejal Thakor

Neelkamal Singh

Rajalakshmee Sanjay

Amit Pathak

Abhijeet Sawant

MUSIC : CONTENT CREATION Foray into Hip Hop

QUARTERLY PRESENTATION | Q3 FY25

Acquired 130+ SONGS

MUSIC : ARTIST MANAGEMENT

QUARTERLY PRESENTATION | Q3 FY25

Maahi

Rj Karishma 15.3M Followers

Rehaan Roy 6.3M Followers

RJ Princy 4.5M Followers

Tony Kakkar 8.2M Followers

Daler Mehndi 4.7M Followers

Paradox 2.2M Followers

Pragati Nagpal

Arjun Tanwar

Rinkal Parekh 3.8M Followers

Saurabh Ghadge 2.7M Followers

Viraj Ghelani 1.3M Followers

The Tabla Guy 420K Followers

Pranav Chandran 324K Followers

Gurdeep Mehndi 63K Followers

80+ Influencers/Artist added during 9MFY25 taking the total Influencers/Artist managed by the Company to 200+ (60% plus Growth from FY24)

r e t r a u q e h t g n i r u d d e d d A

QUARTERLY PRESENTATION | Q3 FY25

MUSIC : RETAIL

•

Transition from sales through distribution channel to sales only through E-commerce and Modern Retail outlets

• While the volumes and topline will shrink, profitability margins improves through control of costs associated with physical distribution

CARVAAN SALES (Units’000)

199

189

149

142

108

111

190

170

150

130

110

Q2 FY24

Q3 FY24

Q4 FY24

Q1 FY25

Q2 FY25

Q3 FY25

VIDEO : FILMS, TV & DIGITAL CONTENT

QUARTERLY PRESENTATION | Q3 FY25

l i F .

V T .

• Completed shooting of second

season of “Hunter Tootega Nahi Todega” starring Suniel Shetty, Jackie Shroff and Anusha Dandekar

• Upcoming releases include Mammootty’s “Bazooka” in Malayalam and Kiran Abbavaram’s “Dilruba” in Telugu

s e s a e e r g n m o c p U

Hunter Season 2

•

In collaboration with Doordarshan, Company produced “Battle of Bands”, a reality show for India’s Best Band

Started production work of “Roja 2” for exclusive telecast on YouTube

“Ilakkiya” continued its No. 1 TV serial position in afternoon slot across all Tamil Channels. “Malli” is the slot leaders in its time slots.

Saregama TV Shows YouTube channel garnered 1 Bn views in Q3 FY25

Bazooka

Dilruba

Future Outlook

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

VIDEO : FILMS, TV & DIGITAL CONTENT

QUARTERLY PRESENTATION | Q3 FY25

t n e t n o C

a t i g i D

. C

22M+

Followers & Subscribers

3M+

Followers & Subscribers

8M+

Followers & Subscribers

6M+

Followers & Subscribers

• •

•

Arranged Patch-Up S2, a branded web-series with IKEA and Peter England, released on Dice Media, amassing over 25 Mn+ views Half Love Half Arranged Season 2 & Karate Girls, Dice creations released on Amazon MiniTV, featured on the Ormax Top 10 Most- Watched Streaming Originals for 3 weeks Key Brand Deals – IKEA, Peter England, Amazon, Pokerstars, DLF Shopping Malls etc.

QUARTERLY PRESENTATION | Q3 FY25

EVENTS

•

“Dil Luminati” became the biggest live musical

concert of 2024 that India has ever experienced. The

tour broken all records, becoming the fastest-selling

and highest-grossing concert event in Indian history

of an Indian Artist.

• No of Live Shows in Q3 FY25: 14 shows across 13 cities in India 1 show in Abu Dhabi Audience Turnout: 3,75,000+

•

“Yeh Shaam Mastani” with Bollywood veteran Zeenat

Aman, a live musical-conversational show featuring

behind-the-scenes stories were held in Mumbai and

Delhi.

•

Viraj Ghelani had 2 sold out shows “That’s So Viraj-

With Friends” in the Royal Opera House, Mumbai.

QUARTERLY PRESENTATION | Q3 FY25

FINANCIAL HIGHLIGHTS CONSOLIDATED

QUARTERLY FINANCIAL SUMMARY

QUARTERLY PRESENTATION | Q3 FY25

Q3 FY25

Q2 FY25

Q-o-Q Growth

Q3 FY24

Y-o-Y Growth

Particulars (INR Mn)

Revenue from Operations

• Music : Licensing + Artist Management

• Music : Retail

•

Video

Events

Revenue from Operations

Adjusted EBIDTA (EBIDTA excluding Content Charge)

1,577

225

243

2,789

4,834

1,030

Adjusted EBIDTA excluding Event Content Charge include the following charges related to the new content during the year: 1)

808

1,480

212

720

2,418

842

851

(66)%

46383%

100%

22%

(5)%

1,319

371

252

101

2,043

822

828

20%

(39)%

(4)%

2661%

137%

25%

(2)%

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 4) Content charge does not include any royalty paid post recoupment of the Minimum Guarantee amount.

Adj. EBITDA (INR Mn) & Adj. EBITDA Margin

42%

40%

33%

35%

720

822

864

680

842

1030

21%

1000

900

800

700

600

500

400

300

43%

38%

33%

28%

23%

18%

13%

900

800

700

600

500

400

300

Adj. EBITDA (INR Mn) & Adj. EBITDA Margin Excluding Events

43%

33%

35%

40%

731

828

873

679

851

808

Q2-FY24

Q3-FY24

Q4-FY24

Q1-FY25

Q2-FY25

Q3-FY25

Q2-FY24

Q3-FY24

Q4-FY24

Q1-FY25

Q2-FY25

Q3-FY25

Adj. EBIDTA

Adj. EBIDTA Margin

Adj. EBIDTA

Adj. EBIDTA Margin

45%

40%

35%

30%

25%

20%

15%

10%

ADJUSTED EBIDTA TO PAT

QUARTERLY PRESENTATION | Q3 FY25

Particulars (INR Mn)

Q3 FY25

Q2 FY25

Revenue from Operations (A)

Total Expenses (B)

Adjusted EBIDTA (C= A-B)

Adjusted EBIDTA Margin (%)

Content Charging Cost (D)

Depreciation (E)

Finance Cost (F)

Other Income (G)

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

Tax

PAT

PAT Margin (%)

Diluted EPS (Face Value Re.1)

4,834

3,804

1,030

21%

318

157

844

221

623

13%

3.23

2,418

1,576

842

35%

350

125

593

144

449

19%

2.33

Q-o-Q Growth

100%

141%

22%

(9)%

26%

42%

53%

39%

Q3 FY24

Y-o-Y Growth

137%

212%

25%

29%

62%

(67)%

20%

25%

19%

2,043

1,220

822

40%

246

150

701

177

523

26%

2.72

FY 24

8,030

5,001

3,029

38%

864

637

2,708

732

1,976

25%

10.27

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 (ii) Other financial liabilities

(b) Provisions (c) Deferred tax liabilities (net)

Current liabilities

(a) Financial liabilities

(i) Borrowing

(ii) Lease liabilities

(iii) Trade payables

(iv) Other financial liabilities

(b) Other current liabilities (c) Provisions

(d) Current tax liabilities

Total

BALANCE SHEET

As at 31st December 2024

As at 31st March 2024

Assets (INR Mn)

Non-current assets

193

15,999 16,192

14 1,939 65 523

1028

2,014

2,013 826 24

193

14,498 14,691

23 2,090 57 474

933

610

655 650 88

24,728

20,338

(a) Property, plant and equipment

(b) Right-of-use assets

(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

QUARTERLY PRESENTATION | Q3 FY25

As at 31st December 2024

As at 31st March 2024

2,227

6,046

528

522

2,238

5,130

172

468

2,648

2,393

2,772 2,076 2,669

3,781

214

129

311

761 24,728

1,177 1,587 569

4,852

221

275

1,115 20,338

CASH FLOW STATEMENT

QUARTERLY PRESENTATION | Q3 FY25

Particulars (INR Mn)

9M FY25

FY 24

Pre-Tax Profit Change in other operating activities ( including non-cash Items) Change in Working capital Taxes Paid Net cash generated from Operating Activities (A) Spent on New Content @ Investment in Pocket Aces Redemption/ (Investment) in Fixed Deposits with maturity > 3m Redemption/(Investment) in Mutual Fund Net cash generated from other Investing activities Net cash used in Investing Activities (B) Net cash (used in)/generated from Treasury Shares Proceeds from /(Repayment of) Borrowing Repayment of Lease Liability Dividend paid Interest paid Net cash (used in)/generated from Financing Activities (C) Net (decrease)/increase in Cash and Cash Equivalent (A+B+C) Cash and Cash Equivalents at the beginning of the period Add: Cash and Cash Equivalents of Pocket Aces on the date of acquisition Effect of Translation of foreign currency cash and cash equivalents Cash and Cash Equivalents at end of the period #

2,708 (400) (348) (514)

(1,342) (1,662) 761 1,422 474

(22) (14) (11) (771) (31)

1,944 6 3,095 (538)

(1,717) - 566 (1501) 231

15 22 (8) - (10)

4,507

(2,421)

19 2,105 569 - (5) 2,669

@ Represents amount invested in acquiring/producing Music IPs # Exclude Investment in Bank FD with maturity more than 3 months and Investment in Mutual Funds INR 7,052Mn ( FY24 INR 6,023Mn)

1,446

(347)

(849) 250 167 149 3 569

FINANCIAL CHARTS (CONSOLIDATED)

QUARTERLY PRESENTATION | Q3 FY25

Revenue from Operations (Turnover) (INR Mn)

Music Licensing Revenue (INR Mn)

Content Charge (INR Mn)

PAT (INR Mn)

0 3 0 8

6 6 3 7

6 0 8 5

5 1 2 5

0 2 4 4

FY20

FY21

FY22

FY23

FY24

5,500

4,000

2,500

1,000

-500

1 4 4 5

0 1 4 4

5 8 5 3

9 3 8 2

1 6 3 2

900

800

700

600

500

400

300

200

100

3 6 4

6 7 1

9 7 1

4 6 8

9 7 6

6 7 9 1

0 5 8 1

6 2 5 1

5 3 1 1

2000

1700

1400

1100

800

500

200

-100

5 3 4

FY20

FY21

FY22

FY23

FY24

FY20

FY21

FY22

FY23

FY24

FY20

FY21

FY22

FY23

FY24

* One time income of INR 84Mn in FY23, INR 97Mn in FY22, INR 155Mn in FY21 and INR 21Mn (FY20) are excluded

Adjusted EBIDTA Margin (%)

Return on Equity (ROE) (%)*

Diluted EPS (INR)

Dividend per Share (INR)

Debt to Equity Ratio

40%

35%

30%

25%

20%

15%

10%

% 5 1

% 8 3

% 7 3

% 8 3

% 3 3

0 1

6 9

4 8

5 6

0 4

0 3

% 6 1

% 5 1

% 4 1

% 3 1

5 2

0 2

2 0

3 0 0

0 0 0

FY20

FY21

FY22

FY23

FY24

FY20

FY21

FY22

FY23

FY24

FY20

FY21

FY22

FY23

• ROE = PAT / Shareholders Equity • •

Shareholders Equity = Equity share capital and free reserves Since FY22 INR 7500 Mn of fresh fund raise through QIP added to Shareholders Equity

FY20

FY21

FY22

FY23

FY20

FY21

FY22

FY23

FY24

Previous Years EPS has been restated basis face value of Re.1 per share

All FY23 numbers are re-stated, as applicable, post impact of demerger

QUARTERLY PRESENTATION | Q3 FY25

DISCLAIMER

Saregama India Ltd. Disclaimer:

In evaluating our business, we consider and use non-GAAP financial measures such as EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, PAT Margin, Debt to Equity Ratio, Return on Equity, to review and assess our operating performance. These non-GAAP financial measures are not defined under Ind AS and are not presented in accordance with Ind AS. They may not be comparable to similarly titled measures reported by other companies due to potential inconsistencies in the method of calculation. We have included these non-GAAP financial measures because we believe they are indicative measures of our operating performance and are used by investors and analysts to evaluate companies in the same industry. These non-GAAP financial measures should be considered in addition to, and not as a substitute for, other measures of financial performance and liquidity reported in accordance with Ind AS. These measures should not be considered in isolation or construed as an alternative to Ind AS measures of performance or as an indicator of our operating performance, liquidity, profitability, or results of operations. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the Standalone/Consolidated Financial Statements.

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.

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