Slide 0

Corporate presentation

June 2015

1

Eros the leading Indian film studio


Executive Summary

Eros: a media company transforming into a digital company

1 A global leader in Indian film entertainment with strong box office market share 2 Strong revenue growth and solid track record of profitability 3 ErosNow strategically positioned to capture large digital opportunity in India


4 Robust India macro landscape with highly attractive fundamentals 5 Large content library of Indian language films, 3,000+, and music

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Content is King

New film mix

65-70 films each year

Co-production

Acquisition Trinity

Pictures

•Hindi

•Regional language

•International

agreements

Exclusive premiere window

3,000+ film library

(1 year after Theatrical Release)

PAGE 3

Eros: A Multi-Platform Model

Theatrical

Television

Leading player in a growing and underpenetrated cinema market

Eros has had an average 3 out of top 10 India Box Office hits for the past five years

Film pre-sales facilitated by long-standing Eros brand, reputation and industry relationships

Cable digitisation and rising Pay TV penetration drive market growth and demand for premium content

Eros film library of over 2,300 films is a stable source of revenue growth with high margins

Digital and

Ancillary

India is projected to have over 1 billion internet users in the next 15 years

ErosNow is the leading Indian digital content platform with global reach

Exclusive content provides high barrier to entry

We are strategically positioned as a leader in our segments and able to monetise through multiple channels globally

Theatrical

TV Syndication Freemium

$

Pay Per View Subscription Advertising Bundled Services

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Leading Theatrical Market Share

Participation in Average 3 of the Top 10 Releases in India Each Year(1)

Leading Market Share in United States(2)

$23.3m

$25.7m

$16.5m

$24.5m

$8.8m

$19.3m


Others

16%

Fox

4%

Reliance

12%

Eros

32%

YRF


14%

UTV

22%

$14.5m

$20.4m

$19.8m

Leading Market Share in United Kingdom(2)

$17.4m

$ 32.2m

$19.9m

Fox

5%

Reliance


11%

Other

15%

Eros

35%

$22.8m

$ 18.5m


$15.8m

YRF

14%

UTV

20%

(1) Includes films only distributed internationally by Eros. 3 of the Top 10 grossing Hindi films in CY'10 (Source: BoxOfficeIndia.com); 4 of the Top 10 Hindi films in CY'11 (Source: BoxOfficeIndia.com); 2 of the Top 10 Hindi films in CY'12 (Source: bollywoodhungama.com); 4 out of top 10 Hindi releases in CY'13 (Source: bollywoodhungama.com); 3 out of top 10 Hindi releases in CY'14 (Source: bollywoodhungama.com). Rupees converted to USD at average annual exchange rate.
(2) Represents market share of all theatrically released Indian language films 2011-2014 (Source: Rentrak)

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Diversified, Strong Revenue Growth

Strong Historical Revenue Growth

Revenue Mix by Channel


($ in millions)

$113

$156 $150 $165

$207 $215

$236

$284

Theatrical

43%


Digital & Ancillary

21%

$66

FY' 07 FY' 08 FY' 09 FY' 10 FY' 11 FY' 12 FY' 13 FY' 14 FY' 15

Solid Track Record of Profitability

Revenue Mix by Geography

Television

36%

($ in millions)

$101

Rest of the

World, 42%

$33

$48

$54 $54

$60

$67

$56

$80

North

America,

7%

India, 39%

FY' 07 FY' 08 FY' 09 FY' 10 FY' 11 FY' 12 FY' 13 FY' 14 FY' 15

Europe,

12%

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Our Diversified Revenue Streams

Description Revenue Performance

1 Theatrical

Leading market share of Indian language films in India, UK and US

Broad, well-established global distribution network

Film releases in 50 countries and 25 languages

Portfolio approach by film, budget, genre and language

Regional language films are a key focus area

$50

$123

FY10 FY15

Television

2

License film content to content aggregators to reach Cable and Pay TV

subscribers

Long-term value in TV syndication from ongoing bundling of library content with new film releases

$53

$101

FY10 FY15

Digital

3

ErosNow has over 19m registered users

Music sales from new release film soundtracks and our library catalogue

SVOD and VOD offerings in international markets (US, UK, Asia, etc)

High growth as digitization of media increases across all platforms

$47

$60

FY10 FY15


Source: Website, company information and equity research

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2

Our markets

Indian Media & Entertainment

Market


($ in billions)

Media & Entertainment Market Projected to Grow at 14%(1)

$32

'14 - '19 CAG R

$16

$3

$2

$4

$19

$3

$2

$5

$21

$4

$3

$5

$25

$5

$3

$5

$28

$5

$3

$6

$6

$3

$6

$16

19.8%


10.0%

8.0%

$8 $9 $10

$12 $14

15.5%

2014A 2015E 2016E 2017E 2018E 2019E



Television Print Film Other (2)

(1) Source: FICCI-KPMG Report 2015. Rupees converted to USD at 62.19
(2) 'Other' includes radio, music, out of home, animation & VFX, gaming and digital advertising segments

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India: High Growth and Attractive

Fundamentals

A rapidly growing economy…(1)

Projected GDP growth CAGR (2014 - 2020E)

With significant population expansion…(1)


(in billions) Population

2.0

12.9%

7.5%

4.6% 4.5%

1.1%

1.5

1

1.0

0.5

0.0

1.2

1.6

India China UK US Brazil

Highly favorable demographics(1)

Median age

38.9 36.7

30.7

($ in billions)

2000 2011 2050

Increasing annual disposable income(2)

$1,863

27.0

$1,744

$1,559

$1,616

Russia China Brazil India

2012 2013 2014 2015


(1) IMF World Economic Outlook as of April 2015 (2) FICCI-KPMG 2014 & 2015 Report
(3) CIA World Factbook (5/22/2015) (4) Euromonitor International

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