RADIOCITY

July 26, 2019 1. National Stock Exchange of India Ltd. 2. BSE Limited Exchange Plaza, 5th Floor Corporate Relationship Department Plot No. C/1, G Block; Bandra (East) Phiroze Jeejeebhoy Towers Mumbai 400 051 Dalal Street; Fort Mumbai 400 001 NSE Scrip Code: RADIOCITY BSE Scrip Code: 540366 ISIN: INE919I01024 ISIN: INE919I01024 Dear Sirs, Sub: Investor Presentation Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of Investor Presentation on financial results of the Company for quarter ended June 30, 2019. The aforesaid Investor Presentation will also be uploaded on the website of the Company i.e. www.radiocity.in Kindly take the above on record and oblige. Yours faithfully For Music Broadcast Limited Chirag Bagadia Company Secretary and Compliance Officer Encl: a/a CIN: L64200MH1999PLC137729, Music Broadcast Limited | Register office: 5th Floor, RNA Corporate Park, Off Western Express Highway, Kalanagar, Bandra (E), Mumbai - 400051. | Tel: +91 22 66969100 | Fax: +91 22 26429113 | Website: www. radiocity.in Music Broadcast Limited Investor Presentation July 2019 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Music Broadcast Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. 2 Financial Highlights: In Rs. Crs Revenue EBITDA & Margins PBT 34% 32% 76 26 20 22 70 15 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Lower than expected revenue due to • Cost under control 32% EBITDA Margin • Muted government activity • Direct impact of revenue despite muted • Delayed national campaigns shortfall • Low ER advertisers at local conditions • IND AS 116 impact level • Limited Political advertising not able to compensate 3 Radio Industry – Growth Trend Growth Categories De-Growth Categories Political Auto Finance Real Estate Government Education Electricals Dotcom n o ei t mu ub 8% 8% 5% 8% 7% 6% 6% 6% l o i r t Vn o C Growth (YOY) De-Growth (YOY) eh mt w u o l or VG 80% 57% 41% 20% 47% 16% 30% 42% Source: Aircheck15 Markets 4 Listenership trends in Mumbai, Delhi and Bengaluru Listenership Market Share Data Mumbai Bengaluru Delhi 30.00 20 20 20.00 e e e r a r a r a h h h S S S % % % 10.00 0 0.00 0 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q4FY19 Q1FY20 Mirchi One Radio City Radio Mirchi Radio One Radio City Mirchi One Radio City Red FM Big FM Fever FM Big Indigo Fever Red Big Fever Hit Ishq FM Radio Nasha Red FM Mirchi 95 Ishq Nasha Redtro Source: RAM Data 5 Awards in the Quarter Best Companies to Work Awards 2019-20 Music Broadcast Ltd. was ranked as the 5thBest Place to Work for amongst 900 participating organizations in the GPTW 2019 survey and was among Radio City has won 71 awards at the various Prestigious National and the Best Places to Work at, in the Media and Entertainment industry International awards 6 Initiatives in the Quarter #MatKar City Ka Manifesto Cutting Paani Campaign with a Harley Davidson Motorcycle Rally At the onset of Lok Sabha elections 2019, Radio City RadioCity,tobeattheheatthesummerinMumbai, in support with the Election Commission on 10th announced another leg of Kar Mumbaikar with launched the ‘Cutting Paani’ initiative, with an May. It was flagged off by Mr. Kartik Kalla, Chief the‘Cityka Manifesto’ campaign,thefirstever janta’s Creative Officer, Radio City, Mr. Ranbir Singh, Chief objective, to create awareness about wastage of petition led by Radio City’s RJs Salil & Archana for Electoral Officer, Delhi, Mr. Satnam Singh, Special political parties to consider for the next 5 years. The water and an urgent need to save it. An extension Chief Electoral Officer, Delhi, Mr. Charanjeet Singh, five-week long activity that culminated on 29th April of Kar Mumbaikar, the ‘Cutting Paani’ campaign CEO, Delhi, Sveep and Radio City RJs Aadi and 2019, aimed to understand the expectations of Manav. The rally garnered an overwhelming encouraged restaurants and corporates to serve Mumbaikarsfromthegovernmentandbringittothe response from motorcyclists and Delhiites who notice of the political parties to drive change in the onlyhalfaglassofwatertoavoidexcesswastage participated in a large number to show their city supportfortheinitiative 7 Initiatives in the Quarter AZ Research Study 2019 – Radio City is Radio City Icon Awards Radio City Blue Carpet NumeroUno Radio City, once again topped the charts as the Radio City recently concluded Bangalore and Radio City concluded the Blue Carpet of End Game nation’s numero uno radio station according to AZ Mumbai City Icon Awards 2018 on 10th and 30th in Ranchi, Bharat in Ranchi and Patna and Kabir Research’s Baseline Study 2019. Radio City April 2019, an event that recognizes and felicitate Singh movie in Ranchi. Radio City invited listeners garnered a massive listenership of 6.9 crores across 34 markets with the highest listenership in businesses and business icons for their remarkable and movie lovers for a special screening of the the North, West and South zones. Imbibing the contribution in their respective industries. The movie thereby giving them an experience of a life brand philosophy of ‘Rag Rag Mein Daude City’ awards were given across various sectors like Real time. that invokes city passion for the listeners, Radio Estate,Education,Restaurant,Healthcare. City continued its hegemony in listenership across thenation. 8 Profit and Loss In Rs. Crs Q1FY20 Q1FY19 YoY Q4FY19 QoQ FY19 FY18 YoY Revenue 69.8 75.7 -8% 81.9 -15% 324.7 298.3 9% Licenses Fees 5.0 5.3 5.0 21.4 21.3 Employee Expenses 16.2 18.0 16.3 69.0 68.9 Other Expenses 26.2 26.3 28.6 121.2 111.0 EBITDA 22.4 26.0 -14% 32.0 -30% 113.2 97.1 17% EBITDA Margin 32.0% 34.4% 39.0% 34.9% 32.6% Other Income 3.3 2.4 4.6 15.1 19.4 Depreciation & Amortization 8.6 6.7 6.9 27.1 26.3 EBIT 17.1 21.7 -22% 29.7 -42% 101.2 90.2 12% EBIT Margin 24.4% 28.7% 36.2% 31.2% 30.2% Finance costs 2.6 1.4 1.5 5.6 15.0 PBT 14.5 20.4 -29% 28.2 -48% 95.5 75.2 27% Tax 6.1 6.9 9.8 33.9 23.5 PAT 8.4 13.5 -38% 18.4 -54% 61.6 51.7 19% PAT Margin 12.1% 17.8% 22.4% 19.0% 17.3% Other Comprehensive Income 0.0 0.0 0.0 0.0 0.0 Total Comprehensive Income 8.4 13.5 -38% 18.3 -54% 61.6 51.7 19% 9 Balance Sheet Assets (In Rs. Crs) Mar-19 Mar-18 Liabilities (In Rs. Crs) Mar-19 Mar-18 Total Non Current Assets 334.3 490.1 Shareholders Fund 603.3 599.9 Fixed Assets 310.0 296.9 Share Capital 55.3 57.1 Tangible Assets 74.9 41.2 Intangible Assets 235.1 255.7 Other Equity 548.0 542.8 Intangible Assets Under Development 0.0 0.0 Total Non Current Liabilities 19.8 53.5 Financial Assets Long Term Borrowings 15.6 49.9 Investments 1.4 155.9 Long Term Provisions 4.2 3.6 Other Financial Asset 11.6 10.8 Deferred Tax Asset(Net) 4.6 18.2 Total Current Liabilities 107.3 45.2 Other Non Current Assets 5.1 6.7 Short Term Borrowings Non Current Tax Assets 1.7 1.7 Total Current Assets 396.2 208.5 Trade Payables 24.7 22.3 Current Investments 170.3 - Other Financial Liabilities 69.4 11.7 Trade Receivables 125.4 110.4 Short Term Provisions 0.7 0.7 Cash & Cash Equivalents 14.8 13.1 Bank Balances 63.9 63.0 Other Current Liabilities 10.5 10.5 Other Financial Assets 3.9 3.6 Current tax liabilities (net) 2.1 0.0 Other Current Assets 17.8 18.2 TOTAL EQUITY & LIABILITIES 730.5 698.6 TOTAL ASSETS 730.5 698.6 10 CIN: L64200MH1999PLC137729 Ms. Sangeetha Kabadi Email : sangeethak@myradiocity.com Mr. Jimmy Oza Email: jimmyo@myradiocity.com www.radiocity.in Contact Us CIN: U74140MH2010PTC204285 Ms. Payal Dave Email : payal.dave@sgapl.net Mr. Jigar Kavaiya Email : jigar.kavaiya@sgapl.net www.sgapl.net