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• Radio footprint near completion– Launched five stations in Q3
– Operational in thirty cities; 30th radio station launched in January, 2008
– Completion of the rollout will result in better margins and profitability
• Times OOH valued at over Rs. 12 bn– Goldman Sachs and Lehman Brothers acquired 16.56% stake (8.28%
each) in Times Innovative Media Limited for Rs. two billion
– Inflows to accelerate acquisition of media properties
• Event management division hived off– 360 Degrees transferred to a new wholly-owned subsidiary company,
Alternate Brand Solutions Ltd (ABSL)
– Focus to help in achieving scalability and profitability
5
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% � ' ! � " ! ' � #� #! * ! � #�+�, ! � � #$% � "� #� � ' � -% � !
26.51%11.77%Margin
(35.0%)124.0080.54Profit After Tax (PAT)
NM2.22(1.49)Less: Taxation
(37.4%)126.2279.05Profit Before Tax (PBT)
NM(0.84)20.12Financing cost
57.3%31.9250.21Amortization
199.4%14.3242.88Depreciation
36.69%28.10%Margin
12.0%171.63192.26EBITDA
66.1%296.11491.89Operating Expenditure
46.3%467.74684.16Total Income
904.9%0.373.71Other Income
45.6%467.37680.45Airtime Sales
Growth (%)
YoYQ3 FY07Q3 FY08
(Rs. Million)
7
% � ' ! � " ! ' � #� #! * ! � #�+�, ! � � #$% � "� #� � ' � -% � !
15.20%5.60%Margin
(51.2%)186.4091.06Profit After Tax (PAT)
NM7.07(1.76)Less: Taxation
(53.8%)193.4689.30Profit Before Tax (PBT)
NM(2.20)33.70Financing cost
36.0%93.53127.22Amortization
137.2%38.390.84Depreciation
26.35%20.99%Margin
5.6%323.09341.07EBITDA
42.1%903.261283.89Operating Expenditure
32.5%1226.351624.96Total Income
(32.4%)6.724.54Other Income
32.9%1219.631620.42Airtime Sales
Growth (%)December 31, 06December 31, 07
YoYNine months ended
(Rs. Million)
8
�������! � +% � * � � . ! �! / $! )0�--. % * , � � $" % � " ) $#& �����1 2
• On a like-to-like basis (10 legacy stations):
- Revenues up 11.6% to Rs. 521.4 million
- EBITDA up 21.5% to Rs 208.5 million
- EBITDA margin stood at 40.0% vis-à-vis 36.7% last year
• Reported net profit lower due to launch of 19 new stations; financial performance of new stations very encouraging
• Depreciation and amortization higher by Rs. 46.9 million on account of launch of new stations
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(7.1%)
(206.8)
(6.0)
(212.8)
115.4
127.2
113.1
4.9%
142.9
2764.3
2907.2
5.6
2901.6
Nine months endedDecember 31, 07
3.1%
41.8
3.6
45.4
59.2
50.2
54.7
15.4%
209.5
1147.7
1357.2
4.7
1352.5
Q3 FY08
10.6%Margin
251.4Profit After Tax (PAT)
(8.5)Less: Taxation
242.9Profit Before Tax (PBT)
18.0Financing cost
124.8Amortization
62.7Depreciation
19.0%Margin
448.4EBITDA
1916.3Operating Expenditure
2364.7Total Income
13.6Other Income
2351.1Airtime Sales
FY07(Rs. Million)
% � ' ! � " ! ' � #� #! * ! � #�+�, ! � � #$% � "% � "% -$' � #! '
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• Times OOH reported Revenues and EBITDA of Rs. 420.0 million and Rs.(11.9) million respectively. Net of one time cost, EBITDA was positive at Rs.3.2 million
• 360 Degrees reported Revenues and EBITDA of Rs. 265.5 million and Rs.29.2 million respectively
• Times OOH revenues grew by 440.2%- Growth of 79.0% on like basis (without new contract wins)
• 360Degrees revenues grew by 68.7% compared to Q3FY07
�������! � +% � * � � . ! �/ ! � / $! )% � "% -$' � #! '
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• New Station Roll-outs- Completed the launch of 5 new stations viz. Nagpur, Vishakapatnam,
Vijayawada, Coimbatore and Mangalore. With the launch of Raipurstation earlier this month, Radio Mirchi is today operational in 30 cities
• Retained market leadership with approximately 49% share of private FM radio industry
• Mirchi listenership continues to remain strong:- The newly launched RAM study places Mirchi at #1 position in all 3
markets of Delhi, Mumbai and Bangalore in the important advertising segment of SEC AB 25-44
- In all SEC categories Mirchi is the clear leader in both Delhi and Bangalore and is #2 in Mumbai
Key Operating Highlights Radio Business
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• ENIL subscribed to 28 million equity shares of TIM for an aggregate consideration of Rs. 280 million
• The capital infusion from investors will be utilised to repay loans, acquire new outdoor media properties and execute existing contracts
• All contracts other than DIAL are profitable; Company focused on improving DIAL profitability
• 360Degrees successfully executed several big ticket events such as the IFFI Goa. It also announced the 2nd edition of Mr. India (World) and the Smart Living Awards
3 ! � �, ! � � #$� 4 5 $4 & -$4 & #"
TIM and ABSL
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Mirchi – Presence across Key Indian Cities
VishakhapatnamNagpurJaipur
VijayawadaNashikIndore
Operational Forthcoming
Ahmedabad Jallandhar Patna Jabalpur
Aurangabad Kanpur Pune Thiruvanantha-puram
Bangalore Kolhapur Panjim
Bhopal Kolkata Raipur
Chennai Lucknow Rajkot
Coimbatore Madurai Surat
Delhi Mangalore Vadodara
Hyderabad Mumbai Varanasi
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Strategic Direction
� Expand our footprint in radio broadcasting
– Complete phase II stations rollout– Expansion in international markets
� Maintain market leadership in fast growing radio industry
� Focus on Out-of-Home media growth- Expand the network of out-of-home media sites- Contract renewal and long duration contracts
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Strategic Direction (Cont’d)
� Establish long-term client relationships for Experiential Marketing
- Establish ourselves as a provider of innovative solutions – “Wellness strategy”.
- Focus on “owned” rather than “managed” events.
- Focus on Life style, Fashion shows
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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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