PFOCUS

August 06, 2026 To, T o , National Stock Exchange of India Limited BSE Limited Listing Department, Listing Department, Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra East, Mumbai – 400 051 Mumbai – 400 001 Fax Nos.: 26598237 / 26598238 Fax Nos.: 22723121/2037/2039 Ref: Scrip Code: BSE: 532748 / NSE: PFOCUS Sub: Investor Presentation Q1 FY 2027 Dear Sir/Madam, With reference to the above captioned subject, please find attached herewith the Investor Presentation – Q1 FY 2027. The intimation is also being made available on the website of the Company at www.primefocus.com This is for your information and records. Thanking you, For Prime Focus Limited Parina Shah Company Secretary and Compliance Officer Encl: a/a KEY STATS 10,100+ c.90% c.94% Global Revenue from Revenue Employees (c.80% recurring customers ex-India based out of India) c.$1bn INR 4,676cr INR 1,267cr Order book & visible FY 2026 Q1 FY 2027 pipeline for FY27 and Revenue (30% YoY Revenue (24% YoY beyond growth) growth) 24% c.$100m 8 VFX Oscars Q1 FY 2027 EBITDA Brahma AI Revenue 7 in the last 10 years Margin annual run-rate 222 INTEGRATED PLATFORM DRIVING SCALABLE GROWTH VERTICALS CREATIVE AI/ TECHNOLOGY PRODUCTION ● World’s No. 1 independent VFX and ● Secure, end-to-end enterprise content platform ● Selective strategic co-productions animation services provider with top tier studios and film makers ● Brahma AI has 3 key product offerings: ● Premium Film and Episodic ● Prime Focus group has been able to ● BRAHMA AI CORE: AI-native infrastructure for Visual Effects leverage into its relationships with enterprise content libraries, governance and studios and filmmakers to partner on ● Key creative partnerships with workflow orchestration tentpole projects the world’s biggest studios ● BRAHMA AI STUDIO: AI-native content creation and directors ● Additional VFX & animation services platform including digital humans and voice AI revenues create a natural hedge for ● Expansion beyond film and TV ● BRAHMA AI Labs: Innovation and ecosystem content investments into Theme Parks, Digital Concerts, layer enabling co-innovation with strategic Immersive Experiences and Games partners and expanding platform distribution 3 A GLOBAL FOOTPRINT ADVANTAGE Prime Focus Limited’s global footprint provides a massive competitive advantage, allowing the company to provide services worldwide and at a significantly lower cost due to a large India-based workforce 10,100+ 24 EMPLOYEES LOCATIONS GLOBALLY LONDON LEEDS BUDAPEST MOHALI SOFIA VANCOUVER NOIDA PATNA BARCELONA RAJAHMUNDRY MONTREAL KOLKATA TORONTO NEW YORK VISAKHAPATNAM CHENNAI HYDERABAD BANGALORE THIRUVANANTHAPURAM ABU DHABI GOA LOS ANGELES MUMBAI SYDNEY 4 DNEG IS RECOGNIZED FOR ITS GLOBAL, PREMIUM CONTENT 25 YEARS OF CLIENT RELATIONSHIPS 80+ DNEG has won many prestigious industry awards over recent years, further enhancing an already stellar reputation Industry leading VFX Supervisors 8 8 26 4 ACADEMY BAFTA VISUAL EFFECTS PRIMETIME AWARDS AWARDS SOCIETY AWARDS EMMY AWARDS INCEPTION INTERSTELLAR BLADE RUNNER FIRST MAN TENET DUNE: PART DUNE: PART CHERNOBYL THE LAST OF DUNKIRK THE LORD OF HARRY 2049 ONE TWO US THE RINGS POTTER 5 Movie Logo The Odyssey Universal Masters of the Universe Amazon Citadel Amazon Star City Amazon Cocktail 2 Maddock Films Moana Walt Disney For All Mankind Apple TV+ Mortal Kombat 2 Warner Bros Supergirl Warner Bros DNEG CONTINUES TO MAINTAIN ITS GLOBAL LEADERSHIP POSITION Movie Logo RECENT PROJECTS DELIVERED IN PRODUCTION SHOWS AB3 Sony Ramayana Prime Focus Studios Cocomelon Flywheel Animal Friends Coyote is Acme Ketchup Rings of Power Amazon Blade Runner 2099 Amazon Cat in the Hat Warner Bros Bad Fairies Warner Bros Street Fighter Legendary Klara and the Sun Sony Pictures TOXIC 7 BRAHMA AI IS THE LEADING AI-NATIVE ENTERPRISE CONTENT PLATFORM Highest Fidelity Output Combined with Enterprise-grade Trust Infrastructure STUDIO AT A GLANCE ATMAN VAANI IDEATION AGENT 100M+ >60 Photoreal Digital Avatar Face & Voice Localization Concept Creation Assets Home Grown Customizable Identity Translation & Lip-Sync Storyboards Managed AI engines Governance Built-In Multilingual Voice Cloning Localization Agent 100 18+ Petabyte Patents CORE Archives INGEST & CONTEXTUALIZE MACHINE WISDOM AGENTS 10M 8x Multi-modal Machine Wisdom Conversational Search VOD Oscar Winner Assets Heritage Categorizing Compilations Compliance Database Integration RBAC C2PA ENTERPRISE DATA FOUNDATION Policy Watermarking Enforcement Videos Documents Photos Reports Guidelines Databases Audio & Speech 8 8 Trust Infrastructure Category-defining AI Content Creation Engines Enterprise Content Operating System Deeply Grounded Into Enterprise Data & Workflows BRAHMA AI: KEY Q1 FY27 HIGHLIGHTS Strategic partnership Key implementations First Southeast Asian Healthcare Sports extended Google Cloud with Hakuhodo completed and taken customer taken from deployment into team level partnership Technologies to into production at The signature to live transitioning into content creation, progressing, with develop, Weather Channel and operation within a single enterprise with a new joint co-innovation commercialise and WNET in the United quarter, with BRAHMA deployment, with engagement on interactive digital deploy high fidelity States. Both AI Core AI use cases Phase 1 complete commencing in humans initiating digital humans at broadcasters now run now in production at at a leading the quarter enterprise scale across BRAHMA AI Core for GMA in the Philippines, healthcare institute Japan and APAC media asset establishing a delivery management and reference in a new media supply chain regional market 99 BRAHMA AI - MEDIA USE CASES ● The digital likeness was built using ATMAN models trained on BRAHMA AI delivered the digital historical footage and audio, broadcast on a BS Nippon TV special in likeness of Japanese singer and January 2026 with full estate approval actress Hibari Misora for Hakuhodo ● The project proved BRAHMA AI can operate at national broadcast and BS Nippon TV, and has now standard in one of the world’s most rights sensitive cultural markets, signed a strategic partnership with which was the qualification the market demanded Hakuhodo Technologies covering Japan and APAC ● BRAHMA AI provides the core ATMAN technology and leads development, including interactive models ● Both broadcasters now run BRAHMA AI Core for media asset management and media supply chain, with archives migrated and BRAHMA AI delivered and took integrated into daily production into production major BRAHMA AI ● Includes BRAHMA AI’s first large scale implementation inside a Core implementations for The newsroom ecosystem, capable of processing up to 40 concurrent Weather Channel and WNET in the live streams, moving the platform from archive management into the United States operational core of daily broadcast ● Opens news and live production, the highest volume and most time critical category in broadcast, as a repeatable market across the broadcaster base 10 BRAHMA AI - HEALTHCARE AND SPORTS USE CASES ● Digital humans created for 40 physicians as of now following a BRAHMA AI delivered Phase 1 of a HEALTHCARE dedicated capture phase digital physicians programme for a leading healthcare institute, now ● Each digital human is a reusable enterprise asset generating recurring platform consumption, with expansion available across the running as an enterprise institution’s wider clinical and education base engagement ● The deployment becomes the reference case across the broader healthcare and pharma vertical ● BRAHMA AI Core operates as the media asset management and distribution layer across 75 years of video and 65m images, SPORTS BRAHMA AI delivered BRAHMA AI connected into more than ten league systems and handling over Core for the NBA at league level, 10,000 hours of new media each month and has now commenced digital human creation for one of the ● Engagement commenced in the quarter with one of the league’s franchises for digital human creation through BRAHMA AI Studio, league’s franchises. delivered in cohorts of ten per quarter ● Further workstreams under discussion at league level across archive activation and content automation 11 PRIME FOCUS STUDIOS DIWALI 2026 CHRISTMAS 2026 EARLY 2027 EARLY 2027 EXPANDING GLOBAL ANIMATION PRESENCE ● Prime Focus Studios has partnered with SETT (a Spanish public investment agency) to invest in ‘Anima Kitchent’ to produce multiple animation movies ○ Anima Kitchent is a prominent Spain-based animation studio ● Prime Focus Studios to own 51% stake in Anima Kitchent RAMAYANA THE ANGRY BIRDS MOVIE 3 ANIMAL FRIENDS COCOMELON THE MOVIE ● Prime Focus’ animation arm to also enter into a multi-year Producing the biggest Partnering with Paramount, Warner Bros./Legendary Universal/Dreamworks/ services contract for the movies budget Indian film ever Rovio, SEGA, Flywheel, One Cool Entertainment/Maximum Effort Flywheel/Moonbug Group, & dentsu RELEASES DIWALI 2026 RELEASES DECEMBER 23, 2026 RELEASES JANUARY 22, 2027 RELEASES FEBRUARY 19, 2027 12 RAMAYANA - COMMERCIAL MOMENTUM FROM OUR STUDIO INVESTMENT STRONGEST ENTERTAINMENT THE BIGGEST INDIAN FEES ALLIANCES FILM TRAILER LAUNCH ● Sony Pictures comes onboard ● 1BN+ views within the first 7 days for global theatrical distribution ● At par with global franchises such as (excluding India) Spiderman and Avengers ○ First Indian film to secure a place on the Hollywood theatrical landscape at TAKING RAMAYANA GLOBAL. this scale ● Total negotiated fees: US$ ○ Estimated 50,000+ screens SHOWCASE AT SAN DIEGO COMIC-CON 3.15 m for Banks and for across 100+ theatrical ● Largest-ever global showcase for an [US$] Legal firms markets worldwide Indian film at San Diego Comic-Con 2026. ● Dharma Productions joins as the ● Mandated Lead arrangers: India (ex-South) Distribution Partner ● IGN and Fandom partnerships 0.75% (Natwest and ● T-Series leads the film's Music & ● Hall H presentation, the festival's flagship HSBC) Audio across India stage for the world's biggest studios drew a ● Lead Arrangers: 0.625% ● Other distribution and digital rights crowd of 5,000+ (ABN Amro, Citi, FAB under negotiations and IFC) ● Others: 0.5% (ING, NBC, RBC and Santander) ● Legal & One-off fees: [ ] (Latham Watkins & Cahill) 1133 RECURRING REVENUE STREAMS FROM THE WORLD’S LARGEST CONTENT CREATORS % REVENUE FROM RECURRING CUSTOMERS(a) PFL Group Order Book and Visible Pipeline(b) Contracted & Confirmed Highly Visible Pipeline c.$1bn Order book & visible pipeline for FY27 and beyond Additional addressable market revenue opportunities of $270 mn+ Note: FY ending March 31st. (a) % of total in-year revenue from customers (b) Order book and pipeline defined as contracted and confirmed revenue and revenue from highly visible pipeline of projects. 14 ROBUST YoY REVENUE GROWTH INRcr Q1 FY27 Q1 FY26 YoY Q4 FY26 QoQ ● Q1 FY27 Revenue growth of c.24% YoY Revenue 1,267 1,023 23.8% 1,384 (8.5%) driven by ramp up in key tentpole projects - Working days in Q4 FY is lower compared to Q1 - AMJ always has high leave provisioning. Leave accruals increase Personnel Cost (844) (653) 29.4% (777) 8.7% ● EBITDA growth of c.23% YoY in line with during this quarter. JFM there is a huge reversal of lease accrual the revenue growth Employee Cost (752) (589) (684) - AMJ new show starts and so headcount ramp-up ● Revenue declined 8% QoQ given the fact - supervision overhead expenses Other Direct Cost(1) (93) (63) (93) that Q4 is typically the biggest quarter of - In Q4FY26 there was leave accruals which benefitted us then and now Indirect cost (121) (126) (119) the year in lieu of summer releases that has been reversed EBITDA 301 244 23.4% 488 (38.3%) ● Personnel Cost increased c.29% YoY driven by headcount scale up across geographies EBITDA Margin 23.8% 23.9% 35.3% to deliver marquee projects such as Other Income 12 8 3 Ramayana 1 and Dune 3 D&A (179) (133) (218) ● Q1 FY26 included an exceptional FX gain of Interest (126) (114) (148) INR 159cr, primarily driven by exchange Profit before Tax (before gains on foreign currency-denominated 9 5 61.8% 126 (93.3%) Exceptional Items and FX) borrowings Exceptional Items (66)(2) 0 (6) ● Exceptional items of INR 66cr was primarily FX gain / (loss) 25 159 (38) on account of the settlement in relation to the NCLT proceedings Profit before Tax (33) 164 82 ○ Q1 FY27 Net Profit excluding the Tax (13) (54) 36 exceptional items is INR 20cr Net Profit (46) 110 118 Note: (1) Includes Technician fees and Technical service cost. 16 (2) Includes a) INR 71cr towards NCLT proceedings related settlement and b) INR 6cr net gain in relation to JV/subsidiary. BENEFITING FROM STRONG TECH INDUSTRY TAILWINDS AND BACKBONE AND WELL-POSITIONED FOR WORLD CLASS AI GROWTH CAPABILITIES DEEPLY EMBEDDED GLOBAL LEADER IN VFX IN CONTENT AND ANIMATION SERVICES ECOSYSTEM CONCRETE STEPS FOR DEBT REDUCTION UNDERWAY KEY STRENGTHS HIGHLY RECURRING EXPERIENCED AND VISIBLE AND DEDICATED REVENUE BASE MANAGEMENT TEAM DIVERSIFIED REVENUE ATTRACTIVE FINANCIAL STREAMS CONTRIBUTING PROFILE: GROWTH AND NORMALISED NET WORKING OPERATING CAPITAL DAYS (NORMALISED OPERATING) TO GROWTH PROFITABILITY CONCRETE STEPS FOR DEBT REDUCTION 68 84 60 UNDERWAY 17