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ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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Page 1: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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Page 2: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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Page 3: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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Page 4: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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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

Page 5: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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Page 6: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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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)

Page 7: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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% � ' ! � " ! ' � #� #! * ! � #�+�, ! � � #$% � "� #� � ' � -% � !

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)

Page 8: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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• 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

Page 9: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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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)

% � ' ! � " ! ' � #� #! * ! � #�+�, ! � � #$% � "% � "% -$' � #! '

Page 10: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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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

�������! � +% � * � � . ! �/ ! � / $! )% � "% -$' � #! '

Page 11: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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Page 12: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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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

Page 13: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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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

Page 14: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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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

Page 15: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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Page 16: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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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

Page 17: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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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

Page 18: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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Page 19: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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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.

$" . -� $* ! �

Page 20: ENIL Investor update Q3 FY08 1 - WELCOME TO · PDF file4 % $"!’ % ˘ ( ˘% ) #& • Radio footprint near completion – Launched five stations in Q3 – Operational in thirty cities;

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