OnMobile Global Ltd. — Earnings Release 2020

Aug 10, 2020

ONMOBILE GLOBAL LIMITED Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore - 560100, Karnataka, India P: +91 80 4009 6000 | F: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email - investors@onmobile.com www.onmobile.com

August 10, 2020

To Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 532944

The Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051 Scrip Code: ONMOBILE

Dear Sir/ Madam,

Sub: Intimation of Press Release

This is to inform you that OnMobile Global Limited is issuing a press release titled "OnMobile Reports First Quarter Fiscal 2021 Results", a copy of which is enclosed herewith.

Requesting you to please take the same on record.

Thanking you,

Yours sincerely, For OnMobile Global Limited

P V Varaprasad Company Secretary

Encl: a/a

OnMobile Reports First Quarter Fiscal 2021 Results Revenue remains stable QoQ and grew by 5.3% YoY, EBITDA up by 64.7%

QoQ and 4 times YoY, PBT up by 5 times YoY

Bengaluru, 10th August, 2020: OnMobile Global Limited ("OnMobile") today announced the results for 1 st Quarter FY21 ended June 30, 2020. Cost optimization and lower spend resulted in Earnings Before Interest, Tax and Depreciation (EBITDA) growing from INR 12.0 crores in Q4 to INR 19.8 crores in Q1, witnessing a growth of 64.7% QoQ and 4 times YoY.

Q1 FY21 Highlights:

• Acquired 25% equity stake in AI powered visual retention leader Rob0. This investment reaffirms the importance of OnMobile's strategy to become a leader in mobile gaming market.
• Revenue remains stable QoQ and grew by 5.3% YoY, despite Covid-19 outbreak impacting global economy.
• Our rationalization efforts continue to yield savings with a 6.3% reduction QoQ in manpower costs with an exit headcount of 697.
• EBITDA grew by 64.7% QoQ and 4 times YoY, to INR 19.8 crores with the margin of 14.0% in the quarter aided by cost optimization and lower spend.
• PBT at INR 19.3 crores for Q1FY21 as compared to INR 23.5 crores in Q4FY20. Excluding one-time exceptional items during last quarter of INR 8.2 crores, PBT grew by 26.2% on QoQ basis. Also, PBT grew over 5 times on YoY basis.
• DSO reduced to 137 days in Q1FY21 from 144 days in Q4FY20.
• Cash stood at INR 265.9 crores. This is after Rob0 investment of INR 5.42 crores and Buyback of INR 6.52 crores.

Consolidated Financial Press Release:

		Amount in Rs Lakhs except data per share
			Quarter ended		Year ended
Sl.	Particulars	June 30, 2020	March 31, 2020	June 30, 2019	March 31, 2020
No		(Unaudited)	(refer note 8)	(Unaudited)	(Audited)
	1 Revenue from Operations
	Telecom Value added Services**	14,084	14,602	13,947	57,242
	Other income (net)	318	744	393	1,717
	Total income	14,402	15,346	14,340	58,959
	2 Expenses
	(a) Content fee and royalty	6,596	6,971	5,817	25,473
	(b) Contest expenses	110	138	197	630
	(c) Cost of software licenses and others	303	378	492	1,733
	(d) Employee benefits expense	3,394	3,622	4,348	16,165
	(e) Finance costs	30	33	40	147
	(f) Depreciation and amortisation expenses	337	351	674	1,852
	(g) Other expenses	1,705	2,326	2,464	9,432
	Total expenses	12,475	13,819	14,032	55,432
	3 Profit before share of loss of associates, exceptional items and	1,927	1,527	308	3,527
	tax(1 - 2)
	4 Share of loss of associates*	-	-	-	-
	5 Profit before tax and exceptional items (3+4)	1,927	1,527	308	3,527
	6 Exceptional items - net (refer note 5)	-	820	-	820
	7 Profit before tax (5+6)	1,927	2,347	308	4,347
	8 Tax expense
	(a) Current tax	629	1,392	245	2,451
		89
	(b) Deferred tax Total tax	718	(833) 559	(153) 92	(862)
					1,589
				216
	9 Profit for the period / year (7-8)	1,209	1,788		2,758
	10 Other comprehensive income
	A. (i) Items that will not be reclassified to profit or loss	(49)	5	(12)	(124)
	(ii) Income tax relating to items that will not be reclassified to	14	0	4	4
	profit or loss
	B. (i) Items that will be reclassified to profit or loss	(23)	858	18	1,583
	(ii) Income tax relating to items that will be reclassified to	-	-	-	-
	profit or loss
	Other comprehensive income	(58)	863	10	1,463
	11 Total comprehensive income for the period/ year (9+10)	1,151	2,651	226	4,221
	12 Paid up equity share capital (Face value of Rs 10/- each)	10,354	10,570	10,570	10,570
	13 Other equity				48,435
	14 Earnings per share (of Rs. 10 each) (not annualised except for year
	ended March 31, 2020)
	(a) Basic	1.16	1.69	0.20	2.61
	(b) Diluted	1.16	1.69	0.20	2.61

*Amount less than Rs. 1 lakh

** Revenues net of Customer acquisition cost as per the contract

About OnMobile:

OnMobile [NSE India: ONMOBILE] [BSE Ltd: 532944], is a global leader in mobile entertainment. Headquartered in Bangalore, India and with presence in many countries across the world, OnMobile offers a wide array of products such as Videos, Tunes, Games & Contests. Based on current deployments, OnMobile has over 100 million active subscribers and an addressable base of more than 1.68 billion mobile users across several geographies.

For further information, please visit www.onmobile.com

Media Contact: pr@onmobile.com