ENIL

INVESTOR UPDATE ` PERFORMANCE REVIEW: Q1 FY22 August 16, 2021 1 Presentation Path ❖ Financial Review ❖ Business Review ❖ Strategic Direction ❖ Investors Contact 2 Condensed Statement Of Operations (Standalone) %age of %age of ₹ In Millions Q1 FY22 Q1 FY21 Growth (%) Total Income Total Income Income from Operations 385.3 99.2% 354.4 97.7% 8.7% Other Operating Income 3.2 0.8% 8.3 2.3% (61.6%) Total Income 388.5 100.0% 362.7 100.0% 7.1% Operating Expenditure 575.6 148.2% 622.2 171.6% (7.5%) EBITDA ( 187.1) (48.2%) ( 259.5) (71.6%) 27.9% Depreciation 83.3 21.4% 106.2 29.3% (21.5%) Amortisation 112.8 29.0% 131.9 36.4% (14.5%) EBIT ( 383.2) (98.6%) ( 497.6) (137.3%) 23.0% Other Income 54.3 14.0% 54.1 14.9% 0.3% Finance Cost 39.9 10.3% 44.7 12.3% (10.8%) Profit Before Tax (PBT) ( 368.8) (94.9%) ( 488.2) (134.7%) 24.4% Taxation ( 91.4) (23.5%) ( 122.1) (33.7%) 25.2% Profit After Tax (PAT) ( 277.4) (71.4%) ( 366.1) (101.0%) 24.2% Other Comprehensive Income (net) ( 1.6) (0.4%) ( 1.1) (0.3%) (36.7%) Total Comprehensive Income ( 279.0) (71.8%) ( 367.2) (101.3%) 24.0% 4 Financial Performance Q1FY22 ( All comparisons with corresponding period of previous year) • FCT revenue grew by 57% (Q1FY22) • Non-FCT ➢ Revenues excludingADMC grew by 27.9% ➢Non-FCT Gross Margins @ 50.5% (Q1 FY21: 37.6% exclADMC) ➢Non-FCT EBITDA margin : 25.4% (Q1 FY21 : (-8.2%) exclADMC) • Revenue of Migrated stations (35) excluding ADMC up by 39.4% during the quarter • Batch 1 revenues during the quarter : Rs.35.2 Mn up by 85.3% ➢EBITDA: Rs. (49.3) Mn ; Q1FY21 : Rs. (85.3) Mn • Batch 2 revenues during the quarter : Rs 24.5 Mn up by 131.8% ➢EBITDA: Rs (11.1 Mn); Q1FY21 : Rs. (27.3) Mn • Revenue from Digital during the quarter Rs 48.8 Mn; 12.6% of Overall revenue. * ADMC – One time fee from Abu Dhabi Media Co towards Brand Licensing & Content consultancy. 5 Financial Performance Q1FY22 ( All comparisons with corresponding period of previous year) • Reduction in Overall operating costs excluding DVC : 8.5% • Covid-induced PDD as on June 30, 2021 : Rs 30.0 Mn • Impact of IND AS 116 on PAT : Rs 1.2 Mn • Net Cash as on Mar 31, 2021 : Rs 2.13 Bn 6 Condensed Statement Of Operations (Consolidated) 7 I O T O E D A E O F P T P O T ₹ I n M illio n s n c o m e fr o m O p e r a tio n s th e r O p e r a tin g I n c o m e o t a l I n c o m e p e r a tin g E x p e n d itu r e B I T D A e p r e c ia tio n m o r tis a tio n B I T th e r I n c o m e in a n c e C o s t r o f it B e f o r e T a x ( P B T ) a x a tio n r o f it A f t e r T a x ( P A T ) th e r C o m p r e h e n s iv e I n c o o t a l C o m p r e h e n s iv e I n m c o e m ( n e e t) Q 1 F Y 2 2 4 1 2 .4 3 .2 4 1 5 .6 5 9 6 .1 ( 1 8 0 . 5 1 0 3 .4 1 1 3 .5 ( 3 9 7 . 4 5 5 .4 4 3 .6 ( 3 8 5 . 6 ( 9 1 . 2 ( 2 9 4 . 4 ( 0 . 2 ( 2 9 4 . 6 ) ) ) ) ) ) ) T o % t a a g e o f l I n c o m e 9 9 .2 % 0 .8 % 1 0 0 .0 % 1 4 3 .4 % ( 4 3 . 4 % 2 4 .9 % 2 7 .3 % ( 9 5 . 6 % 1 3 .3 % 1 0 .5 % ( 9 2 . 8 % ( 2 2 . 0 % ( 7 0 . 8 % ( 0 . 0 % ( 7 0 . 8 % ) ) ) ) ) ) ) Q 1 F Y 2 1 3 6 9 .1 8 .3 3 7 7 .4 6 3 6 .7 ( 2 5 9 . 3 1 2 0 .9 1 3 1 .9 ( 5 1 2 . 1 5 8 .5 4 7 .3 ( 5 0 0 . 9 ( 1 2 1 . 8 ( 3 7 9 . 1 ( 1 . 0 ( 3 8 0 . 1 ) ) ) ) ) ) ) T o % t a a g e o f l I n c o m e 9 7 .8 % 2 .2 % 1 0 0 .0 % 1 6 8 .7 % ( 6 8 . 7 % 3 2 .0 % 3 5 .0 % ( 1 3 5 . 7 % 1 5 .5 % 1 2 .5 % ( 1 3 2 . 7 % ( 3 2 . 3 % ( 1 0 0 . 5 % ( 0 . 3 % ( 1 0 0 . 7 % ) ) ) ) ) ) ) G r o w t h ( % ) 1 1 .7 % ( 6 1 . 6 % 1 0 .1 % ( 6 . 4 % 3 0 .4 % ( 1 4 . 5 % ( 1 3 . 9 % 2 2 .4 % ( 5 . 3 % ( 7 . 7 % 2 3 .0 % 2 5 .1 % 2 2 .3 % 8 2 .3 % 2 2 .5 % ) ) ) ) ) ) Covid 2nd wave : Hard hit on consumer confidence… Consumer Confidence – Current Situation Index 120.0 104.6 100.0 85.6 80.0 97.3 95.7 55.5 60.0 63.7 53.1 40.0 53.8 48.5 48.6 20.0 0.0 CSI Expected CSI trend** ** Expected CSI trend in Jan’21 9 9 Decline in Mobility index impacted Retail post 9th April business April 9, 2021 Q1-FY21 Q2-FY21 Q3-FY21 Q4-FY21 Q1-FY22 Sudden impact of State level restrictions from 9th April. Impact of State level restrictions was lesser as compared to national Lockdown last year 10 10 Key Operating Highlights • Middle East Expansion: • Launched in Bahrain as Mirchi 104.2FM on May 9, 2021 • USA Expansion: Launched in Bay Area as Mirchi 1170AM on July 4, 2021 • Mirchi Play has 18 online stations in the landing page of Gaana app • Mirchi continues to have the largest social media footprint amongst private FM players • Mirchi’s YouTube Network (13 channels) crossed 12.8mn subscribers during the quarter 11 Strategy : Three Pivots All content Programming Solutions Revenue All platforms Radio Platform FCT FM 12 Online Radio •Melodies/ Bollywood/ Retro/ Genre Based Indies/ Unplugged/90s/ Club/ English Hits Theme Based •Toota Dil/ Drive •Tamil/ Telugu/ Punjabi/ Kannada/ Regional Bengali City Centric •Mumbai/ Delhi Mirchi now streams 18 online radio stations; 14 Popular videos on our Online Radio platform Filmy Mirchi Mirchi Bangla Mirchi Murga 15 Best Performing posts Reactions - 2063 Views – 2.6 Mn Views – 5.5 Mn Views – 1.4 Mn Views – 5.4 Mn Reactions – 34,137 Reactions – 26,413 Reactions - 1155 Reactions - 6468 Our RJ content with fun skits to informative post during the lockdown Guest interviews along with topicals have been key drivers for better engagement amongst our Mirchi community. 16 Mirchi Campus • New Channel recently Launched Mirchi Campus: a product made by the Students, for the students • First Morning show aired on 9th June with resident RJ Jashank • First college tie-up with Mithibai College, Mumbai • First college RJ show airing soon • YouTube and Social Media pages have been set-up Beta version 17 TALi Campaign done for Tali app through Radio & digital conversations by our RJs addressing the issues & path for children’s development. Garnered a great response through radio, digital conversations and targeted social media ads. 2.36 Million clicks and counting, with 11+ Million reach. 19 SBI Life Insurance – Papa Hain Na! Over 5 million views and was warmly received by the audience. A multi-lingual solution consisting of posting of client’s ad on Mirchi’s digital & Radio assets, and RJ post on social media. 20 Wazir X An influencer-led activity that generated brand engagement, over 1.38 Million views across, making Wazir X the most downloaded crypto app in India. 21 “AANI KAY HAVA” – 3rd season on MX Player ANNI KAY HAVA Season 1 and Season 2 have harnessed 225 Million lifetime minutes on an average per session and have grabbed 1.3 million consolidated views across Channels 23 Mirchi Shaam Shaandar: Season 3 • Season 3 of Mirchi Shaam Shandaar brought 3 evenings filled with music, poetry, laughter, band music, with the top jocks & celebs of Gujarat (Dhvanit, Mohini, Kunal & Yashvi) using social media to do the live event and then promoting the same through Radio. 25 25 Mirchi Programming and Marketing Activities & Social Initiatives 26 Maharashtra May • Tushar – TooSharpDubs – • Pushkar Bendre and Mandar Bhide – • RJ Pallavi Famous Independent Content Famous Marathi Stand up Comics Creators • RJ Nidhi • RJ Vaidehi • Jeevenshu Ahluwalia – Hindi • Madhura Bachal – Home Cook/Chef, Stand up comic YouTuber Intsa Live with Famous Digital Content creators and famous faces on Special Days 27 Shot Is Hot • Shot is Hot, an awareness program towards vaccination was the focal point of our jocks. • Content was built around musicals, Insta reels & selfies etc. • Eye catchy outdoor were done in batch 3 cities 28 28 Jammu Mirchi – Transforming 98.3 to Vaccine8.3 ✓ Two-month long campaign to spread awareness about vaccination (Radio+Digital) with support of district administration, doctors & staff of ASCOMS Hospital, Dr. Shafqat Khan OSD Health & Medical Education, UT of J&K extended support ✓ Supported registration of 3000+ people on helpline & at physical helpdesk at the station ✓ Special shows to bust various myths around the vaccine and about everyday slot availability 29 Programming & Marketing Highlights Qatar Mirchi Mic Ka Jackson RJ Hunt to find new talent from Qatar. 100+ entries. 2 winners are now interning with Mirchi. UAE : Win AED 20,000 in 30 seconds 2-week activity around Ramadan. Listeners got the chance to win AED 20,000 in a special game show format on radio (3 questions, every wrong answer takes away the last digit of the prize money) 31 31 Programming & Marketing Highlights Inviting Local influencers to the studio USA : Mango Ya Thango Game show format conducted on air and on ground - Mango (True) or Thaango (False) Studios buzzing with Mirchi listener visits 32 32 Programming & Marketing Highlights Bahrain: Musical Wave of Hope Qatar: Super Mom When Bahrain went into a Qatar: Mirchi Mic Ka Jackson Mother’s Day special, on radio lockdown, this was RJ Hunt to find new talent from Mirchi’s initiative to lift up and social media, an activity to Qatar. 100+ entries. 2 winners are the spirits of people – celebrate the purest form of now interning with Mirchi playing positive stories on relationship air, with this special jingle playing on radio too 33 INVESTOR CONTACT Entertainment Network is committed to improving its performance every fiscal and continuously enhance shareholder value through successful implementation of its growth plans. The Company’s investor relations mission is to maintain an ongoing awareness of its performance among shareholders and financial community. This update covers the company’s financial performance for Q1FY22 We thank you for your support and welcome your feedback and comments regarding this update and other investor issues For further information please contact: N. Subramanian, ED & Group CFO, ENIL Mb: +91 98927 65555; Email: n.subramanian@timesgroup.com Kailash Yevale, Adfactors PR Tel: +91 (22) 67574444 ; Email: kailash.yevale@adfactorspr.com 34 Disclaimer Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in our business segments, change in governmental policies, political instability, legal restrictions on raising capital, and unauthorized use of our intellectual property and general economic conditions affecting our industry. ENIL may, from time to time, make additional written and oral forward looking statements, including our reports to shareholders. The Company does not undertake to update any forward-lookingstatement that may be made fromtime to time by oronbehalf of the company. 35