Entertainment Network (India) Ltd — Interim / Quarterly Report 2022

Aug 16, 2021

INVESTOR UPDATE

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PERFORMANCE REVIEW: Q1 FY22 August 16, 2021

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Presentation Path

❖ Financial Review

❖ Business Review

❖ Strategic Direction

• ❖ Investors Contact

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Financial Review

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Condensed Statement Of Operations (Standalone)

₹ In Millions	Q1 FY22	%age of Total Income	Q1 FY21	%age of **Total Income **	Growth (%)
Income from Operations	385.3	99.2%	354.4	97.7%	8.7%
Other OperatingIncome	3.2	0.8%	8.3	2.3%	(61.6%)
Total Income	388.5	**100.0% **	362.7	100.0%	7.1%
OperatingExpenditure	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%

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Financial Performance Q1FY22

(All comparisons with corresponding period of previous year)

• FCT revenue grew by 57% (Q1FY22)

• Non-FCT

• ➢ Revenues excluding ADMC grew by 27.9%

• ➢ Non-FCT Gross Margins @ 50.5% (Q1 FY21: 37.6% excl ADMC)

• ➢ Non-FCT EBITDA margin : 25.4% (Q1 FY21 : (-8.2%) excl ADMC)

• 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.

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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

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Condensed Statement Of Operations

(Consolidated)

₹ In Millions	Q1 FY22	%age of Total Income	Q1 FY21	%age of Total Income	Growth (%)
Income from Operations	412.4	99.2%	369.1	97.8%	11.7%
Other Operating Income	3.2	0.8%	8.3	2.2%	(61.6%)
Total Income	415.6	**100.0% **	377.4	100.0%	10.1%
OperatingExpenditure	596.1	143.4%	636.7	168.7%	(6.4%)
EBITDA	(180.5)	(43.4%)	(259.3)	(68.7%)	30.4%
Depreciation	103.4	24.9%	120.9	32.0%	(14.5%)
Amortisation	113.5	27.3%	131.9	35.0%	(13.9%)
EBIT	(397.4)	(95.6%)	(512.1)	(135.7%)	22.4%
Other Income	55.4	13.3%	58.5	15.5%	(5.3%)
Finance Cost	43.6	10.5%	47.3	12.5%	(7.7%)
Profit Before Tax (PBT) Taxation	(385.6) (91.2)	(92.8%) (22.0%)	(500.9) (121.8)	(132.7%) (32.3%)	23.0% 25.1%
Profit After Tax (PAT)	(294.4)	(70.8%)	(379.1)	(100.5%)	22.3%
Other Comprehensive Income (net)	(0.2)	(0.0%)	(1.0)	(0.3%)	82.3%
Total Comprehensive Income	(294.6)	(70.8%)	(380.1)	(100.7%)	22.5%

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Business Review

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Covid 2nd wave : Hard hit on consumer confidence…

Consumer Confidence – Current Situation Index

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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
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** Expected CSI trend in Jan’21

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Decline in Mobility index impacted Retail business post 9[th] April

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April 9, 2021
Q1-FY21 Q2-FY21 Q3-FY21 Q4-FY21 Q1-FY22
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Sudden impact of State level restrictions from 9[th] April. Impact of State level restrictions was lesser as compared to national Lockdown last year

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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

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Strategy : Three Pivots

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All content
Programming
Solutions
Revenue All
platforms
Radio
Platform
FCT
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FM
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MIRCHI DIGITAL

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Online Radio

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Genre Based
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• •Melodies/ Bollywood/ Retro/ Indies/ Unplugged/90s/ Club/ English Hits

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Theme Based
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• •Toota Dil/ Drive

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Regional
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• •Tamil/ Telugu/ Punjabi/ Kannada/ Bengali

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City Centric
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• •Mumbai/ Delhi

Mirchi now streams 18 online radio stations;

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Popular videos on our Online Radio platform

Filmy Mirchi

Mirchi Murga

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Mirchi Bangla

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Best Performin osts g p

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Reactions - 2063

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Views – 2.6 Mn Views – 5.5 Mn Reactions – 34,137 Reactions – 26,413

Views – 1.4 Mn Views – 5.4 Mn 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.

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Mirchi Cam us p

• New Channel recently Launched

Mirchi Campus: a product made by the Students, for the students

• First Morning show aired on 9[th] 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

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Beta version

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MULTIMEDIA SOLUTIONS

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TALi

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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.

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SBI Life Insurance – Papa Hain Na!

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. 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.

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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.

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ORIGINAL CONTENT

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“AANI KAY HAVA” – 3rd season on MX Player

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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

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Impact Properties

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Mirchi Shaam Shaandar: Season 3

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• 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.

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Mirchi Programming and Marketing Activities & Social Initiatives

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Maharashtra Ma y

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• Tushar – TooSharpDubs – Famous Independent Content Creators

• Pushkar Bendre and Mandar Bhide – Famous Marathi Stand up Comics

  • RJ Pallavi

  • RJ Nidhi

• RJ Vaidehi •

• Intsa Live with Famous Digital Content creators and famous faces on Special Days

   - Jeevenshu Ahluwalia – Hindi Stand up comic
  

• Madhura Bachal – Home Cook/Chef, YouTuber

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Shot Is Hot

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• 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

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Jammu Mirchi – Transformin 98.3 to Vaccine8.3 g

✓ 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

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MIRCHI International

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Programming & Marketing Highlights

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UAE : Win AED 20,000 in 30 seconds

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Qatar Mirchi Mic Ka Jackson

RJ Hunt to find new talent from Qatar. 100+ entries. 2 winners are now interning with Mirchi.

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)

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Programming & Marketing Highlights

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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

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Pro rammin & Marketin Hi hli hts g g g g g

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Bahrain: Musical Wave of Hope

Qatar: Mirchi Mic Ka Jackson RJ Hunt to find new talent from Qatar. 100+ entries. 2 winners are now interning with Mirchi

Qatar: Super Mom Mother’s Day special, on radio and social media, an activity to celebrate the purest form of relationship

When Bahrain went into a lockdown, this was Mirchi’s initiative to lift up the spirits of people – playing positive stories on air, with this special jingle playing on radio too

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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

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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-looking statement that may be made from time to time by or on behalf of the company.

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THANK YOU

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