1 THIS PRESENTATION (PRESENTATION) IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF INOX LEISURE LIMITED (THE “COMPANY”) OR ITS SUBSIDIARY (TOGETHER WITH THE COMPANY, THE “GROUP”). The material that follows is a Presentation of general background information about the Company’s activities as at the date of the Presentation or as otherwise indicated. It is information given in summary form and does not purport to be complete and it cannot be guaranteed that such information is true and accurate. This Presentation has been prepared by and is the sole responsibility of the Company. By accessing this Presentation, you are agreeing to be bound by the trading restrictions. It is for general information purposes only and should not be considered as a recommendation that any investor should subscribe to or purchase the Company’s equity shares or other securities. This Presentation includes statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “anticipates”, “projects”, “expects”, “intends”, “may”, “will”, “seeks” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, aims, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Presentation and include statements regarding the Company’s intentions, beliefs or current expectations concerning, amongst other things, its results or operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The factors which may affect the results contemplated by the forward looking statements could include, among others, future changes or developments in (i) the Group’s business, (ii) the Group’s regulatory and competitive environment, and (iii) political, economic, legal and social conditions in India or the jurisdictions in which our Group operates. Forward-looking statements are not guarantees of future performance including those relating to general business plans and strategy of the Company, its future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts, if any, are correct or that the objectives of the Company will be achieved. There are some important factors that could cause material differences to Company’s actual results. These include (i) our ability to successfully implement our strategy (ii) our growth and expansion plans (iii) changes in regulatory norms applicable to the Company (iv) technological changes (v) investment income (vi) cash flow projections etc. The Company, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this Presentation, unless otherwise specified is only current as of the date of this Presentation. The Company assumes no responsibility to publicly amend, modify or revise any forward- looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this Presentation, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. The Company may alter, modify or otherwise change in any manner the content of this Presentation without obligation to notify any person of such revision or changes. This document is just a Presentation and is not intended to be and does not constitute a “prospectus” or “offer document” or a “private placement offer letter” or an “offering memorandum” or an “offer” or a solicitation of any offer to purchase or sell any securities. It is clarified that this Presentation is not intended to be a document offering for subscription or sale of any securities or inviting offers from the Indian public (including any section thereof) or from persons residing in any other jurisdiction including the United States for the subscription to or sale of any securities including the Company’s equity shares. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. This document has not been and will not be reviewed or approved by a regulatory authority in India or by any stock exchange in India. This document and its contents should not be forwarded or delivered or transmitted or disseminated in any manner to any person other than its intended recipient and should not be reproduced or copied in any manner whatsoever. 2 SUMMARY Q]~9N_I FY21 IN- #·X l EISUR E IMI T • Key Highlights - • Financial Highlights: Q3 & 9M FY21 • Shareholding Structure • Property Openings • Screen Outlook FY21 • Movie releases in Q3FY21 • Upcoming movies • COVID-19 Initiatives And Planning • Current Status of INOX Multiplexes • Engagement With Landlords • Engagement With Distributors & Producers • INOX Safety Commitments • Cash-flow Planning • Annexure 3 4 *Opened in Jan 2021 5 COVID- 9 IMPACTED PERFORMANCE ₹21cr ₹-79cr ₹-83cr ₹518cr ₹108cr ₹51cr 6 RESULT }-{IG- LIG TS COY D-19 IMPACTED PERFORM NCE ₹29cr ₹-144cr ₹-183cr ₹1,538cr ₹308cr ₹144cr 7 REVENUE BREAKUP ANALYSIS LEISURE L IM I TED Quarterly YoY Comparison in ₹ Cr 9 Months YoY Comparison in ₹ Cr 50 40 -96% 2,000 -98% I :- --------------------------------------I -, : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -I 1,800 45 ' 35 ' 1,600 1,538 40 518 30 104 42 -72% 1,400 35 144 -81% 2558 29 Other Revenues 1,200 30 21 ■ 403 1,000 25 130 20 Advertisement -99% ■ -100% 800 20 15 12 Food & Beverage 19 ■ 600 15 10 -97% Box Office 1 -99% ■ 400 887 10 288 3 1 5 3 200 5 -98% 6 -99% 6 - - - Q3FY20 Q3FY21 9MFY20 9MFY21 Note: For visibility of bars, above charts are prepared independently on different scales. COVID-19 Impacted Revenues in Q3/9M FY21 %Share Q3FY20 Q3FY21 9MFY20 9MFY21 Box Office 55.7% 27.6% 57.6% 20.3% Food & Beverage 25.0% 15.2% 26.2% 11.2% Advertisement 11.1% 2.9% 9.4% 2.1% Other Revenues 8.1% 54.4% 6.8% 66.3% Total Revenues 100% 100% 100% 100% Due to rounding-off, figures presented in the charts and table may not add up precisely to the totals provided. 8 K_EY OPERAT O AL METRICS ANALYSIS COVID-19 IMPACTED PERFORN1A CE 5Lakhs 3% ₹153 ₹73 169Lakhs 27% ₹204 ₹81 9 K_EY OPERATIONAL METRICS ANALYSIS COVID-19 IMPACTED PERFORMANCE 5Lakhs 3% ₹153 ₹73 532Lakhs 29% ₹199 ₹80 10 KEY OPERATIONAL METRICS ANALYSIS QJ~9f\:1 FY21 ~. ~ ~:~ ~ FOOD & BEVERAGE CONTRIBUTION % FILM DISTRIBUTOR SHARE ON NBOC % 100.0% 60.0% 90.0% 50.0% 80.0% 70.0% 40.0% 60.0% 50.0% 30.0% 40.0% 75.3% 75.2% 20.0% 45.3% 30.0% 66.6% 66.6% 43.9% 44.2% 43.9% 20.0% 10.0% 10.0% 0.0% 0.0% Q3FY20 Q3FY21 9MFY20 9MFY21 Q3FY20 Q3FY21 9MFY20 9MFY21 Note: In Q3/9M FY21, F&B margin is affected due to low off-take and higher wastages 11 IND AS 116 IMPACT ON PROFIT & LOSS In ₹ Cr Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Particulars Ind AS 116 Without Without Without Ind AS 116 Without Without Reported Reported Impact Ind AS 116 Ind AS 116 Ind AS 116 Impact Ind AS 116 Ind AS 116 ■ Total Revenue 21 21 5 518 29 ■ 29 1,538 ■ ■ ■ ■ Exhibition Cost 3 3 - 134 3 3 ■ 403 ■ ■ ■ ■ Food & Beverages Cost 1 ■ 1 ■ - 32 1 ■ 1 100 ■ ■ ■ ■ ■ Employee Benefits Expense 21 ■ 21 ■ 15 37 61 ■ 61 109 ■ ■ ■ ■ Property Rent & CAM 25 21 46 - 97 30 26 56 ■ 286 ■ ■ ■ ■ ■ ■ ■ Rent concessions (Note 1) -54 54 - - - -196 196 - ■ - ■ ■ ■ ■ Power & Fuel, R&M 13 ■ 13 ■ 5 39 22 ■ 22 124 ■ ■ ■ ■ ■ Other Expenses 16 ■ 16 ■ 14 71 31 ■ 31 209 ■ ■ ■ ■ Total Expenses 25 75 101 34 409 -48 221 173 ■ 1,231 ■ ■ ■ ■ ■ ■ ■ EBITDA -4 -75 -79 -30 108 77 -221 -144 ■ 308 ■ ■ ■ ■ Depreciation & Amortisation 71 -43 ■ 28 ■ 28 27 213 -128 ■ 85 80 ■ ■ ■ ■ EBIT -75 -33 -107 -58 81 -136 -93 -229 ■ 228 ■ ■ ■ ■ ■ ■ ■ Finance Cost 62 -58 4 5 2 189 -175 14 ■ 7 ■ ■ ■ ■ PBT -137 26 ■ -111 ■ -64 79 -325 82 ■ -243 220 ■ ■ ■ ■ ■ Current tax - ■ - ■ - 25 - ■ - 73 ■ ■ ■ ■ Deferred tax -34 6 -28 -16 3 -81 21 -61 ■ 5 ■ ■ ■ ■ ■ ■ ■ Taxation pertaining to earlier years - -0.1 0.0 -0.1 -0.1 ■ -0.4 ■ ■ ■ ■ PAT -103 19 ■ -83 ■ -48 51 -244 61 ■ -183 144 ■ ■ ■ ■ Basic Earnings Per Share (EPS) -9.62 1.75 -7.87 -4.73 5.20 -23.85 5.99 ■ 17.86 ■ 14.61 .. ■ ■ ■ ■ ■ ■ ■ •• ■■■■■■■■• Note : 1) The Company has recognised rent concessions aggregating to ₹ 54cr and ₹ 196cr for the quarter/nine months ended 31st December 2020 respectively. The Company has applied the practical expedient to all COVID-19 related rent concessions that meet the conditions in paragraph 46B of the Ind AS 116: Leases, as amended by the Companies (Indian Accounting Standards) Amendment Rules, 2020 and elected not to assess whether such rent concession is a lease modification. In accordance with principles of fair presentation, the amount of rent concessions has been disclosed as a separate line item. Due to rounding-off, figures presented in the table may not add up precisely to the totals provided. 12 OPERATIONAL- FIXED COST Q]Sl.91\'.1 FY21 IN ♦: X Employee Benefit Expense (Incl.