Top 5 Films Accounted for 52% of Q3 FY18 GBOC Revenues (53% in Q3 FY17)

INOX LEISURE LTD. Q 3 & 9 M O N T H S - F Y 2 0 1 8 RESULTS UPDATE Disclaimer

This presentation and the following discussion may contain “forward looking statements” by Inox Leisure Limited (“ILL” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future state of affairs, results of operations, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the management of ILL about the business, industry and markets in which ILL operates.

These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond ILL’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements.

Such statements are not, and should not be construed, as a representation as to future performance or achievements of ILL. In particular, such statements should not be regarded as a projection of future performance of ILL. It should be noted that the actual performance or achievements of ILL may vary significantly from such statements.

Due to rounding-off, figures presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the rounded-off figures.

All financial figures, upto and including FY15 are as per IGAAP and for FY16 and thereafter are as per IND-AS. Revenues for FY13 to FY15 are shown net of entertainment tax, to be consistent with the revenues under IND-AS for FY16 and thereafter.

2  Q 3 & 9MONTHS FY18 RESULTS  C O N T E N T PIPELINE DISCUSSION  P R O P E R T Y OPENINGS, PAN  SHAREHOLDING STRUCTURE INDIA PRESENCE & NEW  ANNEXURE SUMMARY S C R E E N S PIPELINE 3 Q3 & 9M FY18 Result Highlights

Q3 FY18 YoY Comparison

Revenue from Operations EBITDA PAT

330.0 EBITDA EBITDA Margin PAT PAT Margin 325.0

320.0 14.2% 4.0%

50.0 50.0 315.0 16.0% 4.5% 45.0 46% 45.0 251% 4.0% 310.0 9% 10.6% 14.0% 40.0 40.0 12.0% 3.5% 305.0 35.0 35.0 3.0% 30.0 10.0% 30.0 300.0 325.9 1.3% 2.5% 25.0 8.0% 25.0 295.0 2.0% 20.0 46.3 6.0% 20.0 13.2 1.5% 15.0 15.0 290.0 31.7 4.0% 298.0 10.0 10.0 1.0% 285.0 3.8 5.0 2.0% 5.0 0.5%

280.0 - 0.0% - 0.0% Q3FY17 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18

9M FY18 YoY Comparison

Revenue from Operations EBITDA PAT 1,040.0 EBITDA EBITDA Margin PAT PAT Margin 1,020.0

1,000.0 16.3% 5.6% 180.0 18.0% 60.0 6.0%

980.0 10% 160.0 13.0% 38% 16.0% 88% 50.0 5.0% 140.0 14.0% 960.0 3.2% 120.0 12.0% 40.0 4.0%

1,024.5 100.0 940.0 10.0% 30.0 3.0% 80.0 166.6 8.0% 56.9 920.0 60.0 121.0 6.0% 20.0 2.0% 40.0 4.0% 900.0 932.2 10.0 30.3 1.0% 20.0 2.0%

880.0 - 0.0% - 0.0% 9MFY17 9MFY18 9MFY17 9MFY18 9MFY17 9MFY18

All figures in INR Crs., unless specified Note: EBITDA excludes Other Income (non-operating) 4 Q3 & 9M FY18 Results Analysis – Revenue Break Up Analysis

Q3 FY18 YoY Comparison 9M FY18 YoY Comparison

800.0

1100.0

700.0 1024.5 932.2 77.7 600.0 900.0 69.1 105.7 75.3 500.0 12.4% 700.0 228.4 3.9% 218.4

400.0 325.9 298.0 500.0 40.4% 300.0 33.3% 24.6 23.7 40.3 30.2 73.1 200.0 67.6 300.0 612.7 8.2% 569.4 4.6%

100.0 176.4 187.9 6.5% 100.0 7.6%

0.0

Q3FY17 Q3FY18 -100.0 9MFY17 9MFY18

%Share Q3FY17 Q3FY18 9MFY17 9MFY18 Net Box Office 59.2% 57.6% 61.1% 59.8% Net Food & Beverage 22.7% 22.4% 23.4% 22.3% Advertisement 10.1% 12.4% 8.1% 10.3% Other Operating Revenues 8.0% 7.6% 7.4% 7.6%

All figures in INR Crs., unless specified 5 Q3FY18 Results Analysis – Top 5 Movies in INOX

TOP 5 Movies in INOX

Q3FY18 Tiger Zinda Hai Golmaal Again Judwaa-2 Secret Superstar Fukrey Returns Footfalls (Lacs) 16.98 18.64 9.53 6.76 8.08 GBOC (INR Crs.) 41.51 38.16 17.01 15.04 14.32

Top 5 films accounted for 52% of Q3 FY18 GBOC revenues (53% in Q3 FY17)

GBOC – Gross Box Office Collection 6 Q3 & 9M FY18 Results Analysis – Key Operational Metrics

Overall Footfalls & Occupancy% Comparable Properties Footfalls & Occupancy%

Footfalls (Lacs) Occ% Footfalls (Lacs) Occ%

500.0 33% 500.0 33%

450.0 450.0 27% 28% 27% 28% 400.0 400.0 28% 28% 26% 24% 26% 24%

350.0 350.0 23% 23%

300.0 300.0

250.0 18% 250.0 -2.7% 18%

200.0 200.0 407.1 407.0 368.0 13% 13% 352.6 150.0 150.0

100.0 100.0 8% 8% -4.5% -4.2%

50.0 50.0 124.7 121.3 113.6 108.5

- 3% - 3% Q3FY17 Q3FY18 9MFY17 9MFY18 Q3FY17 Q3FY18 9MFY17 9MFY18

Footfalls with Management properties: Q3FY18 – 128 lacs, 9MFY18 – 430 lacs

300 Comparable Properties Average Ticket Price (ATP) [INR] Overall Average Ticket Price (ATP) [INR] 300

250 250

200 200

150 150 9.6% 7.3% 8.8% 7.3%

100 199 193 100 182 179 183 199 181 194

50 50

- - Q3FY17 Q3FY18 9MFY17 9MFY18 Q3FY17 Q3FY18 9MFY17 9MFY18 7 Note: All above charts exclude management properties Q3 & 9M FY18 Results Analysis – Key Operational Metrics

Spend Per Head (SPH) [INR] Food & Beverages – Net Contribution (%)

100 100.0%

90 90.0%

80 80.0%

70 70.0%

60 60.0%

50 50.0% 5.5% 40 10.5% 40.0% 70 76.1% 75.8% 75.8% 76.0% 30 63 63 66 30.0%

20 20.0%

10 10.0%

- 0.0% Q3FY17 Q3FY18 9MFY17 9MFY18 Q3FY17 Q3FY18 9MFY17 9MFY18

Advertisement Revenue [INR Crs.] Other Operating Revenue [INR Crs.]

200.0 150.0

180.0

130.0 160.0

110.0 140.0

120.0 90.0

100.0 70.0 3.9% 12.4% 33.3% 40.4% 80.0

50.0 105.7 60.0

75.3 40.0 30.0 69.1 77.7 40.3 20.0 23.7 24.6 10.0 30.2 -

(10.0) Q3FY17 Q3FY18 9MFY17 9MFY18 Q3FY17 Q3FY18 9MFY17 9MFY18

8 Q3 & 9M FY18 Results Analysis – Key Operational Metrics

Film Distributor Share [%] Other Overheads Per Operating Screen (INR Lacs)

Employee Benefits Property Rent & Conducting Fees Distributor Share On NBOC Distributor Share On GBOC CAM, Power & Fuel, R&M Other Overheads

70.0% 130.0 122.7 119.7

60.0% 110.0 -12.6% 39.9 34.8 50.0% 45.7% 46.9% 45.5% 44.6% 90.0

40.0% 36.8% 36.0% 35.1% 35.9% 2.3% 70.0 -12.5% 32.6 33.3

30.0% 50.0 40.1 -2.5% 39.0

20.0% 2.7%

30.0 13.5 11.8 34.2 35.1 2.9%

10.0% 10.2 10.0

10.0 11.3 11.6 9.6% 16.1 1.9% 16.4 0.0% 5.1 5.6

Q3FY17 Q3FY18 9MFY17 9MFY18 (10.0) Q3FY17 Q3FY18 9MFY17 9MFY18

NBOC (Net Box Office Collections) , GBOC (Gross Box Office Collections) 9 Introducing the all new 7 STAR METRO INOX MUMBAI’S GREATEST LOVE STORY…

• 6 Screens, 1271 seats • K I D D L E S - M u m b a i ’ s first kids t h e a t r e • C a f e UNWIND

• Advanced 4K Projection • A u g m e n t e d R e a l i t y • D o l b y A t m o s • V o l f o n i 3D

10 New Properties Opened – Q3FY18

Mumbai Atria (21st Oct 2017) Kolhapur Reliance (29th Nov 2017) 5 Screens 167 Seats 4 Screens 870 Seats

Property Names Opened Property Screens Seats Pune Heritage Mall Q1FY18 1 4 662 Greater Noida Omaxe Mall Q2FY18 1 5 1,223 Mumbai Worli Atria Q3FY18 1 5 167 Kolhapur Reliance Mall Q3FY18 1 4 870 Ghaziabad Shipra Mall Q3FY18 1 3 1,153 YTD Openings 5 21 4,075

Ghaziabad Shipra Mall (22nd Dec 2017) 3 Screens 1,153 Seats 11 Track Record of Aggressive Expansion

Screens Properties 118 122 600 107 96 79 488 100 500 68 72 468 63 420

400 372 26 32 50 14 22 310 2 3 6 9 279 300 257

239 0

200 119 76 91 -50 100 35 51 8 12 25

0 -100

FY07 FY17 FY03 FY04 FY05 FY06 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 Jan-18

ON AN AVERAGE ADDITION OF 3 SCREENS EVERY MONTH OVER THE LAST DECADE Note: Includes Acquisition of 89 Cinemas in FY07, Fame in FY11 and Satyam in FY15

12 PAN India Presence

ONE OF THE LARGEST MULTIPLEX CHAIN OPERATOR IN INDIA

HARYANA | 5 Properties | 16 Screens 60 Cities RAJASTHAN | 13 Properties | 43 Screens

* Includes 8 management properties with 29 screens and 7,370 seats 13 New Screen Pipeline

FY18 Pipeline Properties Screens Seats Properties Properties Screens Seats FY17 118 468 118,285 Pune Heritage (Opened 26th Apr17) 1 4 662 Additions - Apr17 to Dec17 5 21 4,075 Greater Noida Omaxe (Opened 14th Jul17) 1 5 1,223 Expected - Jan18 to Mar18 5 22 4,747 Mumbai Atria (Opened 21st Oct17) 1 5 167 FY18** 127 510 126,028 Kolhapur Reliance (Opened 29th Nov17) 1 4 870 Additions Post FY18 102 622 113,331 Ghaziabad Shipra (Opened 22nd Dec17) 1 3 1,153 Leading to 229 1,132 239,359 Coimbatore 1 9 2,088 Gurgaon 1 3 619 Bhubaneswar 1 3 612 Nadiad 1 3 649 Navi Mumbai 1 4 779 Total 10 43 8,822

STRONG VISIBILITY FROM NEW SCREENS PIPELINE BACKED BY SIGNED AGREEMENTS

** Note; • 612 seats and 1 screen reduced as Bengaluru Shankarnag was closed due to Completion of the Lease Tenure • 112 seats reduced in Bharuch Bluechip in Gujarat due to conversion into recliner seats • 51 seats reduced in Malleshwaram, Bengaluru due to renovation • 220 seats reduced in Metro, Mumbai due to renovation 14 • 84 seats reduced in Bengaluru Garuda due to renovation Content Pipeline – January 2018

Mukkabaaz 1921 Kaalakaandi

Release Date: Release Date: Release Date: 12th January 2018 12th January 2018 12th January 2018 Cast: Vineet Kumar Cast: Zareen Khan, Cast: Saif Ali Khan, Singh, Zoya Hussain Karan Kundra Vijay Raaz Director: Anurag Director: Vikram Director: Akshat Kashyap Bhatt Verma Banner: Eros Banner: Reliance Banner: Cinestaan International Entertainment, Film Company Pvt. Phantom Films Motion Picture Ltd., Flying Unicorn Colour Yellow Capital Entertainment Productions

Padmaavat Thaana Serndha The Post Kootam (Tamil) Release Date: Release Date: 25th January 2018 Release Date: 12th January 2018 Cast: Deepika 12th January 2018 Cast: Meryl Streep, Tom Padukone, Ranveer Cast: Surya, Keerthy Hanks, Sarah Paulson Singh Suresh Director: Steven Director: Sanjay Leela Director: Vighnesh Spielberg Bhansali Shivan Banner: Amblin Banner: Bhansali Banner: Studio Green Entertainment, Productions DreamWorks, Participant Media

15 Content Pipeline – February 2018

Maze Runner : The Padman Aiyaary Death Cure (3D Imax) Release Date: Release Date: Release Date: 9th February 2018 9th February 2018 2nd February 2018 Cast: Akshay Kumar, Cast: Siddharth Cast: Dylan O Brian, Kaya Sonam Kapoor, Malhotra, Manoj Skodelario, Thomas Radhika Apte Bajpayee Brodie Director: R Balki Director: Neeraj Pandey Director: Wes Ball Banner: Mrs Banner: Reliance Banner: Gotham Group, Funnybones Movies Entertainment, Temple Hill Plan C Studios, Entertainment, Friday Filmworks, TSG Entertainment Jayantilal Gada

Black Panther (3D Sonu Ke Titu Ki Sweety Hichki Imax) Release Date: Release Date: Release Date: 23rd February 2018 23th February 2018 16th February 2018 Cast: Karthik Aaryan, Cast: Rani Mukherjee Cast: Chadwick Nusrat Bharucha, Director: Siddharth P. Boseman, Michael B Sunny Singh Najjar Malhotra Jordon, Lupita Nyong Director: Luv Ranjan Banner: Yash Raj Films Director: Ryan Banner: T-Series, Luv Coogler Films Banner: Marvel Studios

16 Content Pipeline – March 2018

Drive Pari Parmanu - The Story Of Pokhran Release Date: Release Date: 2nd March 2018 2nd March 2018 Release Date: Cast: Sushant Singh Cast: Anushka 2nd Mar 2018 Rajput, Jacquline Sharma, Paambarta Cast: John Abraham, Fernandes Chatterjee Boman Irani, Diana Penty Director: Tarun Director: Prosit Roy Director: Abhishek Sharma Mansukhani Banner: Clean Slate Banner: KriArj Banner: Dharma Films, KriArj Entertainment, J A Productions, Fox Star Entertainment, Entertainment, KYTA Studios KYTA Productions Productions, Zee Studios

Raid Pacific Rim : Uprising Baaghi 2

Release Date: Release Date: Release Date: 16th March 2018 23th March 2018 30th March 2018 Cast: Ajay Devgan, Cast: Scott Eastwood, Cast: Tiger Shroff, Illiana D Cruz John Bogeya Disha Patani Director: Rajkumar Director: Steven S Director: Ahmed Khan Gupta Denight Banner: Nadiadwala Banner: T-Series Banner: Legendary Grandson Super Cassettes Pictures, UpperRoom Entertainment, Fox Industries Ltd., Entertainment Limited, Star Studios Panorama Studios DDY

17 Content Pipeline – April 2018

October 2.0 Rampage

Release Date: Release Date: Release Date: 13th April 2018 14th April 2018 20th April 2018 Cast: Varun Dhawan, Cast: Rajinikanth, Cast: Jeffrey Dean Banita Sandhu Akshay Kumar, Amy Morgan, Dwayne Director: Shoojit Sircar Jackson Johnson, Jake Lacy Banner: Rising Sun Director: S Shankar Director: Brad Peyton Films, Sony Pictures Banner: Lyca Banner: New Line Networks Productions, Productions Cinema, Twisted KriArj Entertainment Media, Wrigley Pictures

Bharat Ane Nenu Avengers: Infinity War Manikarnika – The (Telugu) Queen Of Jhansi Release Date: Release Date: 27th April 2018 Release Date: 27th April 2018 Cast: Karen Gillan, 27th April 2018 Cast: Mahesh Babu, Pom Klementieff, Tessa Cast: Kangana Ranaut, Kiara Advani. Thompson Suresh Oberoi Director: Koratala Siva Director: Anthony Director: Krish Banner: DVV Danayya Russo, Joe Russo Banner: Zee Studios, Banner: Marvel Studios Kairos Kontent Studios

18 Shareholding Structure

Share Price Performance (INR) 350 Market Data As on 25th Jan 2018 300 Market Capitalisation (INR Crs.) 2,576 250 200 Price (INR) 267.1 150 100 No. of Shares Outstanding (Crs.) 9.6 50 0 Face Value (INR) 10.0 52 week High/Low (INR) 309.20/213.30 Source: BSE Source: BSE

Key Institutional Investors – Dec 2017 % Holding % Shareholding as of Dec 2017 DSP Blackrock MF 7.0% Public/Others, 11.65% Reliance MF 4.0% INOX Benefit Aditya Birla Sunlife 3.5% Trust, 4.51% Kuwait Investment Authority Fund 3.0% Promoter & Goldman Sachs India Ltd. 2.6% Promoter Group, 48.70% DII, 18.68% Morgan Stanley 2.4% ICICI Prudential MF 1.6% RAMS Equities Portfolio Fund 1.4% FII, 16.46% Sundaram MF 1.3% AADI Financial Advisors LLP 1.0% Source: Company Source: Company 19 INOX Metro, Mumbai Kiddles

Annexure

20 Annexure: Consolidated P&L Statement

Particulars (INR Crs.) Q3 FY18 Q3 FY17 YoY % Q2FY18 QoQ % 9M FY18 9M FY17 YoY % FY17 Revenue from Operations 325.9 298.0 9.4% 311.3 4.7% 1,024.5 932.2 9.9% 1,220.7 Exhibition Cost 90.5 83.4 8.5% 88.5 2.3% 286.0 265.0 7.9% 345.3 Food & Beverages Cost 17.7 16.1 9.5% 16.8 5.5% 54.9 52.8 3.9% 68.1 Employee Benefits Expense 24.7 21.3 15.9% 23.3 5.9% 70.9 64.7 9.6% 86.4 Lease Rental & Hire Charges 51.1 46.9 8.8% 48.5 5.3% 151.7 137.4 10.4% 185.8 CAM, Power & Fuel, R&M 43.8 42.5 3.1% 47.5 -7.8% 143.9 130.9 9.9% 174.5 Other Expenses 51.8 56.0 -7.4% 42.3 22.5% 150.5 160.3 -6.1% 214.6 EBITDA 46.3 31.7 46.0% 44.4 4.2% 166.6 121.0 37.7% 146.1 EBITDA Margin % 14% 11% 356 bps 14% -7 bps 16% 13% 328 bps 12% Depreciation & Amortisation 21.7 21.4 1.5% 21.5 1.2% 64.8 62.5 3.7% 84.1 Impairment Loss on PP&E - - 0.7 -100.0% 1.3 - 1.3 Other Income 3.0 2.2 38.0% 2.9 3.9% 8.2 6.8 21.1% 9.1 Finance Cost 7.3 6.5 12.2% 7.3 -0.7% 21.8 18.1 20.3% 25.3 Exceptional Items ------Share of Profit from Joint Ventures (0.0) 0.1 -119.0% (0.0) 187.7% (0.0) 0.1 -120.2% 0.1 PBT 20.3 6.1 233.7% 17.8 13.5% 87.0 47.3 83.9% 44.6 Current Tax 7.0 1.3 437.4% 6.7 4.9% 31.6 17.1 85.2% 14.7 Deferred Tax 0.0 1.0 -95.6% (0.6) -108.1% (1.6) (0.0) 3074.8% 0.9 Tax pertaining to earlier years - - - - - (1.6) PAT 13.2 3.8 251% 11.7 13% 56.9 30.3 88% 30.6 PAT Margin % 4.0% 1.3% 278 bps 3.8% 29 bps 5.6% 3.2% 231 bps 2.5% Earnings Per Share (EPS) 1.43 0.41 251% 1.28 12% 6.20 3.30 88% 3.33

All figures in INR Crs., unless specified 21 Annexure: Consolidated Balance Sheet Statement

Equity & Liabilities (INR Crs.) Mar-17 Sep-17 Assets (INR Crs.) Mar-17 Sep-17 Equity: Non-Current Assets: 672.8 670.8 Equity Share Capital 96.2 96.2 Property, Plant & Equipment 62.6 72.0 Other Equity 489.0 533.5 Capital work-in-progress Goodwill 17.5 17.5 Interest in Inox Benefit Trust, at cost (32.7) (32.7) Other Intangible Assets 12.4 11.7 Equity attributable to owners of the company 552.5 597.0 Investments in Joint Ventures 0.1 0.1 Non-Controlling Interest 0.0 0.0 Other Investments 1.2 1.0 Total Equity 552.5 597.0 Loans 69.0 71.7 Non-current liabilities: Other Financial Assets 71.8 81.4 Borrowings 291.9 270.0 Deferred Tax Assets (Net) 48.3 37.6 Other Financial Liabilities 3.1 2.6 Tax Assets (Net) 5.5 8.4 Provisions 10.0 10.2 Other Non Current Assets 77.6 77.6 Other Non-current Liabilities 82.9 80.5 Total Non Current Assets 1,039 1,050 Total of Non-Current Liabilities 388.0 363.3 Current Assets: Current Liabilities: Inventories 9.1 9.3 Other Investments 10.7 67.6 Borrowings - - Trade Receivables 46.6 68.8 Trade Payables 88.4 102.4 Cash and Bank Balances 9.8 16.8 Other Financial Liabilities 64.8 98.0 Bank Balances Other than above 3.4 2.2 Other Current Liabilities 36.0 59.9 Loans 4.4 4.3 Provisions 14.4 16.5 Other Financial Assets 0.3 0.3 Current Tax Liabilities (Net) 0.0 0.0 Other Current Assets 21.0 18.4 Total of Current Liabilities 203.6 276.9 Total Current Assets 105.3 187.7 Total Equity & Liabilities 1,144.1 1,237.2 Total Assets 1,144.1 1,237.2

22 Annexure: Brief Profile

Business Overview • Inox Leisure Limited (ILL), incorporated in 1999, is one of the largest multiplex operator in India • ILL is a part of Inox Group which is diversified across industrial gases, engineering plastics, refrigerants, chemicals, cryogenic engineering, renewable energy and entertainment sectors • ILL currently operates 122 properties (488 screens and 121,281 seats) located in 60 cities across India, being the only multiplex operator having such a diverse presence across PAN India • The company accounts for ~20% share of the multiplex screens in India and ~8% share of domestic box office collections • The company has aggressively scaled up through organic and inorganic expansion over last decade growing from 2 properties – 8 screens in FY03 to 122 properties – 488 screens at present, virtually adding on an average 3 screens every month over more than a decade.

Key Strengths

• One of the largest multiplex chains in India • Most diversified distribution of multiplexes in India • Premium multiplex properties, state of the art technology and unmatched service and ambience • Strong partnerships with more than 50 leading Indian and Global brands, offering high growth potential for advertising and other ancillary revenues • Strong management team and recognized and trusted corporate group

Strong Financials

• Consolidated Revenues, EBITDA and PAT were Rs 1,220.7 cr, Rs 146.1 cr and Rs 30.6 cr in FY17 • Strong balance sheet with Gross Debt of Rs 317.0 cr, Net Debt of Rs 293.45 cr and Equity of Rs 552.5 cr in FY17 with net D/E ratio of 0.5x

23 Annexure : Recognised & Trusted Corporate Group

Listed Companies Other Key Companies

Gujarat Fluorochemicals INOX Leisure INOX Air Products INOX India Private INOX Renewables INOX Wind Limited Limited Limited Private Limited Limited Limited

. Largest producer of (by volume) . Fully integrated player in the . One of the largest multiplex . 50:50 joint venture with Air . Largest producer of cryogenic . Substantially exited wind Chloromethanes, refrigerants wind energy market chains in India Products Inc., USA liquid storage and transport farming business by selling and Polytetrafluoroethylene in tanks in India 246 MW out of 269 MW of . State-of-the-art manufacturing . In the business of setting up, . Largest producer of industrial India. operational capacity plants near Ahmedabad operating and managing a gases in India . Offers comprehensive . Pioneer of carbon credits in (Gujarat), Una (Himachal national chain of multiplexes solutions in cryogenic storage, . 40 plants spread throughout India Pradesh) and Barwani (Madhya under the brand name ‘INOX’ vaporization and distribution the country Pradesh). Our Madhya Pradesh engineering facility is one of the largest in . Present in 60 cities with 122 Asia multiplexes and 488 screens . Has operations in India, USA, Canada, Netherlands and . Ability to provide end-to-end Brazil turnkey solutions for wind farms

• 90 Year track record of consistent business growth • 10,000+ employees at 150+ business units across India • USD $3 Billion Inox Group diversified across 7 different businesses • Distribution network spread over 50+ countries 24 Annexure: PAN India Presence

122 Properties 60 cities South, 23, East; 9; 15% 19% East; 19; 15% Well Diversified South; 12; 20% Distribution of Multiplexes across India North, 29, 24% North; 18; 30% West; 21; 35% West; 51; 42%

Access to Wide Variety of Regional Content 488 Screens 121,281 Seats South, 99, East; 72; 15% East; 18,805 ; 15% 20% South; 23,090 ; 19%

Lower Dependency on Hindi and English

Content North; 102; 21%

West; 215; 44% North; 26,326 ; 22% West; 53,060 ; 44%

Includes 8 management properties with 29 screens and 7,370 seats 25 Annexure: Strong Brand Partnerships

Automobiles Media FMCG Consumer Durables BFSI Ecommerce & Telecom Others Financial Summary

REVENUES EBITDA PAT 7.0% 14.8% 16.0% 13.7% 16.3% 12.0% 4.8% 2.8% 2.2% 2.5% 1,160.6 1,220.7 189.1 81.0 895.4 762.8 146.1 663.2 122.0 122.7 98.0 36.9 30.6 18.5 20.0

FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 EBITDA EBITDA Margin % PAT PAT Margin %

REVENUES - SEGMENT BREAKUP LEVERAGE ANALYSIS RETURN METRICS

4.9% 7.9% 8.0% 7.8% 7.6% 16.8% 0.8 0.6 0.5 14.9% 4.9% 6.5% 9.1% 7.8% 7.9% 0.3 0.4 21.4% 11.5% 21.3% 21.3% 22.9% 23.3% 10.3% 9.4% 6.1% 7.3% 676.2 522.3 552.5 5.7% 5.7% 68.9% 324.6 64.3% 61.6% 61.4% 61.3% 390.9 3.8% 281.0 242.2 241.2 267.0 317.0

FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 NBOC F & B Advertising Others Equity Debt Net Debt to Equity ROCE % ROE %

ROE: PAT/Avg. Equity, ROCE: EBIT/Avg. Capital Employed [(Capital Employed = Equity + Total Debt) Net Debt = Total Debt – Cash –Bank – Liquid MF Investments

All figures in INR Crs., unless specified 27 INOX Metro, Mumbai

Thank You Balesh Talapady GM – Business Analysis INOX Leisure Ltd. Contact+91-22-4062 6927 28 Email: [email protected]